Core Viewpoint - The company, Zhite New Materials, has experienced a significant stock price increase, with its shares hitting the daily limit for four consecutive trading days from January 5 to January 8, 2026, resulting in a cumulative price increase exceeding 100% [1] Group 1: Stock Performance - The stock's rolling price-to-earnings (P/E) ratio and price-to-book (P/B) ratio show considerable differences compared to industry peers [1] - The stock price has risen sharply in the short term, significantly deviating from the overall market index, indicating a potential risk of a rapid price correction [1] Group 2: Company Operations - Since its listing, the company's main business has remained focused on the research, production, and sales of aluminum molds, protective platforms, and prefabricated components, with no changes reported [1] - The company is expected to disclose its annual report for 2025 on April 25, 2026 [1]

Core Viewpoint - The "litigation preservation" business model created by Wang Zhi is fundamentally flawed and resembles a Ponzi scheme, where new investments are used to pay returns to earlier investors [1][3]. Group 1: Business Model and Operations - Wang Zhi, the head of Beijing Qunyi Law Firm, has been using the "litigation preservation" business model for over a decade, attracting funds through high-interest loans and family legal service contracts [1][4]. - The firm has reportedly attracted hundreds of investors, with outstanding loan contracts exceeding 900 million yuan, primarily from elderly individuals who viewed it as a stable investment [3][4]. - The law firm operates with a dual structure, where the marketing department engages potential investors while lawyers handle legal cases, primarily focusing on simple legal matters [4]. Group 2: Financial Agreements - The loan contracts stipulate a fixed annual interest rate of 11%, with repayment terms allowing for delays of three to seven working days without interest penalties [5][6]. - The contracts underwent a change in 2019, shifting the borrowing entity from the law firm to Wang Zhi, which was reportedly a requirement from the judicial bureau [6]. - Early contracts had interest rates as high as 16%, which decreased over time, and investors faced significant penalties for early withdrawal [6]. Group 3: Legal and Regulatory Concerns - Legal experts have raised concerns about the legitimacy of the "litigation preservation" claims, suggesting that the model may be entirely fabricated and does not align with standard legal practices [9][10]. - The law firm’s assertion that it could manage court refunds on behalf of clients is legally questionable, as courts typically only recognize the original applicants for refunds [10]. - The insurance policy presented as a safety net for investors is unrelated to the actual legal services provided and does not cover the risks associated with the investment model [10].

(本文来自第一财经) 海优新材、奥特维涨超10%，钧达股份此前涨停，迈为股份、艾罗能源、天合光能、晶科能源等涨超 6%。 ...

根据《万科企业股份有限公司章程》等规定，郁亮的辞职报告自送达公司董事会之日起生效。截至本公 告披露日，郁亮还持有万科股票7,394,945股。 公开信息显示，1990年，时年25岁的郁亮加入万科，至今约35年；1993年，升任深圳市万科财务顾问有 限公司总经理；此后又晋升为集团副总经理，并为万科搭建出一套财务体系，推动万科快速扩张。 2001年，郁亮从万科创始人王石手中接任万科总裁一职。2018年1月底，时任万科董事会主席的郁亮宣 布不再兼任总裁、首席执行官，并交棒给祝九胜。 作者 | 第一财经 郑娜 从公司董事长降任公司副总裁近一年之后，郁亮正式辞去了所有职务。 1月8日晚，万科A（000002.SZ）公告称，因到龄退休，郁亮于2026年1月8日向万科董事会提交了书面 辞职报告，申请辞去公司董事、执行副总裁职务。辞去上述职务后，郁亮将不再担任公司任何职务。 2025年1月底，大股东深铁集团派驻管理团队进入万科。此时，郁亮辞任董事会主席一职，并任集团执 行副总裁，主要负责战略和房地产宏观研究。 ...

价格是过去一年快递业的热议话题。2025年，全国多地陆续上调快递价格，主要对电商件的揽收价进行 上调。浙江省是最早上调快递费的地区。7月中旬，义乌地区率先涨价。8月底至9月中旬，湖南省、安 徽省、江西省、湖北省、辽宁省陆续宣布提价。10月，四川等地宣布提价。据第一财经记者了解，部分 城市的每票涨幅在0.3至0.5元之间。 对于揽收件涨价一事，一线的快递人员表示客户接受程度较高。极兔义乌某网点负责人陈杉（化名）对 第一财经记者表示，快递价格上调之后，网点在客户维护方面基本稳定。一方面因为25年整体价格对比 往年仍旧偏低，二是调价是全行业统一涨价，所以即使25年年中快递价格上调客户总体接受度尚可。 #快递员称客户对揽收件涨价接受度高#【#物流企业加速技术应用与出海#】伴随技术、价格的变化，快 递业正向高质量发展迈进。 对于涨价一事，业内认为也是必然。陈杉表示，长远来看，行业肯定要摒弃以价换量的市场策略，因为 行业健康发展必须要有适当的利润空间。如果各家都选择以价换量，会带来非理性竞争，将不会在设 备、人员、质量、服务等方面进行投入，而这些投入是行业提高服务质量和进步的基础。 1月7日，2026年全国邮政工作会议在 ...

【#韩版Lululemon24亿元被收购#，#瑜伽裤生意为何成资本眼中的香饽饽#】卖瑜伽裤依旧是一门好生 意？ 2026年开年，贝恩资本宣布以5000亿韩元（约合人民币24亿元）收购韩国KOSDAQ上市公司 EcoMarketing（韩国运动休闲品牌Andar母公司）。 此次收购先以2166亿韩元拿下EcoMarketing最大股东金哲雄及其关联方43.66%股权，再以每股16000韩 元要约收购剩余56.4%流通股，后续推进公司退市。 公开资料显示，韩国瑜伽老师申爱怜2015年在首尔创立Andar，初期聚焦女性市场，2020年后逐步扩展 到男装品类。这样的路径与加拿大运动品牌Lululemon发展颇类似。而Andar也有韩版Lululemon之称， 不少韩剧女星也是其拥趸。 不过，比起Lululemon动辄上千的价格，Andar相对"亲民"，多集中在数百元的价位档。2025上半年，品 牌累计销售额达到1358亿韩元。全年的销售规模在10亿元人民币左右。 不少市场人士认为，作为一家本土的韩国品牌，有了贝恩这样的资本助力, 更容易布局全球。 ...

日渐加剧的地缘政治压力将放大公司治理中的挑战。 在戴璞看来，虽然中国的新能源车和消费电子在国内取得了巨大成功，但盲目将国内模式照搬到海外无 法赢得全球竞争。中企必须在海外市场上根据当地情况打造新的发展与竞争策略，这不仅包括向目标市 场提供适应当地消费者需求的产品，设计本地化营销与品牌策略，搭建当地销售渠道，开设海外研发中 心，还需要通过技术分享和创造就业等方式，为当地市场创造经济与社会价值。 他表示，随着国际经贸秩序更具交易性、波动性，企业须制定全新应对预案，在部分策略上保持适度模 糊性，以更具弹性的方式在复杂的环境中见招拆招，随机应变。虽然监管限制与政治摩擦越来越多，但 这些不应掩盖当地管理者更为根本的需求，比如就业、民生，因此国际企业与当地市场的紧密度、可信 任度以及社会贡献等要素是其取得成功不可或缺的条件。 另一方面，老牌工业化国家的核心地位逐渐受到新兴国家的冲击与挑战。欧洲市场的不确定性、模糊性 和复杂性均在增加。对中企而言，欧洲市场变得越来越难以预测。虽然中企努力融入本地市场，但日渐 加剧的地缘政治压力将放大公司治理中的挑战，为商业运营带来新的不确定性。 在这种背景下，戴璞提出，中企的战略重心是明确 ...

（文章来源：第一财经） 据中国银行间交易商协会消息，2025年，交易商协会支持2300余家企业发行债务融资工具10.1万亿元， 连续两年突破十万亿元，净融资额1.7万亿元，发行金额和净融资额占公司信用债比重均超六成。2025 年末，存续规模突破18万亿元，同比增长10%，增速较公司信用债整体高3个百分点。 ...

Group 1 - The tax authorities have intensified the crackdown on illegal activities by tax intermediaries, highlighting the involvement of such intermediaries in corporate tax evasion [1][2] - On January 8, the State Taxation Administration exposed six cases of illegal activities by tax intermediaries, with the last exposure occurring just over a month prior [1] - A significant case involved Jilin Hongcheng Financial Consulting Service Co., where the actual controller, Li Li, manipulated 76 shell companies to issue 2,782 fraudulent VAT invoices, amounting to 214 million yuan, resulting in illegal profits of 942,600 yuan [1] Group 2 - In another case, Sichuan Guangyuan City Taxation Bureau, in collaboration with the police, investigated Guangyuan Minghui Enterprise Management Co. for issuing fraudulent VAT invoices, leading to fines and prison sentences for the actual controller and six others [2] - Since 2025, a total of 484 illegal tax intermediaries have been investigated, with punitive measures taken against related institutions and personnel, reinforcing the authority of tax laws and economic order [2] - The State Taxation Administration advises businesses to choose tax service providers with high credit ratings and to remain vigilant against illegal agents that could harm their interests [2]

Core Viewpoint - The Shanghai Composite Index experienced a slight decline of 0.07% but closed higher than its opening price, marking a 15-day consecutive rise in K-line patterns [1] Market Performance - The Shenzhen Component Index fell by 0.51% and the ChiNext Index decreased by 0.82% [1] - The Science and Technology Innovation Index rose by 1.14% [1] - Total trading volume in the Shanghai and Shenzhen markets reached 28,265 billion, a decrease of 552 billion compared to the previous day [1] Sector Performance - The commercial aerospace sector showed strong performance, with Aerospace Hongtu hitting the daily limit of 20 cm, and nearly 40 stocks including Jieli Rigging and Taisheng Wind Power also reaching the daily limit [1] - The controllable nuclear fusion sector performed well, and AI applications were active [1] - In contrast, the large financial sector saw an expanded decline in the afternoon, while the rare earth permanent magnet sector continued to fall [1] - Overall, there were more gainers than losers, with over 3,700 stocks rising [1]