With the global pandemic firmly in the rearview mirror, life sciences companies are looking at key macro- and micro- economic drivers to guide their future growth. While the list of trends with wide-ranging global impact is broad, in this year, life sciences enterprises are paying particular attention to those more disruptive trends including increasing pricing pressures and changes in United States regulation, the acceleration of Generative AI (GenAI) adoption and impact, the geo-political environment, and as always, breakthrough science and outcomes. Companies are exploring how the evolution of GenAI can impact their operations and determining where to focus first and how to generate differential value. The potential of advanced technologies and these collaborations are directly integrated with life sciences companies’ overall efforts to improve patient outcomes and inform their R&D decisions.

The emulsifier market has been segmented based on end use: • Food & Beverages: Emulsifiers are used to form emulsions in processed food products such as chocolates, ice creams, cookies, margarine, peanut butter, mayonnaise, and baked goods. They are primarily used to prevent the separation of water and oil components during the emulsion process in food preparation. • Personal Care & Cosmetics: Emulsifiers play a vital role in the personal care & cosmetics industry, where they are used for blending immiscible substances, such as oil and water, into a homogeneous mixture. This allows the creation of several cosmetic products including lotions, creams, serums, and makeup. • Other End Uses: Emulsifiers are used in other industries such as agriculture, pharmaceuticals, paints & coatings, and textiles.

在投影市场，LCOS优势开始凸显 当前投影类市场的显示技术主要为DLP和3LCD两种，然而3LCD技术是日本投影设备商自主研发，且大部分以自用为主，其他不具备显示技术及 芯片开发能力的设备厂商均选择美国德州仪器TI的DLP技术方案与DLP技术相比，LCOS较DLP同级产品成本更低，且在分辨率、动/静态对比度等 方面表现更佳。在4K+时代，LCOS芯片像素尺寸更小、分辨率更高的优势开始凸显，国产LCOS芯片有望打破美国德州仪器DLP技术垄断，实现 国产替代。

4 年前三季度全行业利润总额同比-22%，24Q3 吨煤利润环比-24 元至 118 元。 24 年前三季度全行业利润总额同比-22%，吨煤利润 132 元/吨，同比-36 元/吨 (-21%)，较上半年降低 8 元/吨(-5%)。24Q3 吨煤利润 118 元/吨，环比/同比 -24/-27 元/吨。截至 24Q3 全行业亏损企业比例 46%，同比/环比+4.3/+0.5pct。 24 年前三季度样本公司归母净利同比-21%，其中 24Q3 归母净利环比+4%，动 力煤公司业绩相对稳健，24Q3 归母净利环比+9%。

行业政策动态:中央政策宽松，地方促消费政策持续；中央多个部委密集出台政策；多城市出台支持消费和商业地产的政策；市场表现:房地产投资下行，社零数据增速回升；房地产投资仍处于下行通道，商业用房销售增速优于平均水平；社会消费品零售额增速提升，百货店零售额同比下降；消费类REITs:整体价格走势变化不大；商业地产融资动态:累计发行量有所减少； 重点公司经营:新城商管收入高增，龙湖新开5座商场.；新城控股:商业运营收入保持增长，暂无新开业商场.；华润置地:商业运营收入增长，新开业2座商场；龙湖集团:首进海南，新开业5座商场；新开业重点项目

环球新材国际；珠光颜料龙头；合成云母；天然云母；珠光颜料市场；丰富发展前景；新能源电池隔热材料

近年来在我国一些中小城市，在内部人口流失、商业数字化、消费结构转型等变革的综合作用下，部分传统商业街区陷入空置、衰退的发展困境。