| 序号 | 标准名称 | 标准编号 | | --- | --- | --- | | 1 | 温室气体产品碳足迹量化方法与要求 轮胎 | T/CPCIF 0391-2024 | | 2 | 温室气体 产品碳足迹量化方法与要求 合成氢 | T/CPCIF 0468-2025 | | 3 | 温室气体产品碳定迹量化方法与要求 氢 | T/CPCIF 0466-2025 | | 4 | 温室气体 产品碳足迹量化方法与要求 甲醇 | T/CPCIF 0467-2025 | | ર | 温室气体产品恢定沙量化方法与要求 己二酸己二胺盐 | T/CSPCI 70021-2025 | | 6 | 温室气体 产品碳足迹量化方法与要求 金属线材制品 | T/CISA 583-2025 | | 7 | 温室气体 产品碳足迹量化方法与要求 机制品 | T/CISA 582-2025 | | 8 | 温室气体 产品碳足迹量化方法与要求 原生镁锭 | T/CNIA 0295-2025 | | 9 | 温室气体 产品碳足迹量化方法与要求 硅多晶 | T/CNIA 0291-2024 | | 10 | 温室气体 产品碳足迹量化方法与要求 ...

21世纪经济报道记者柳宁馨 杭州报道 万亿GDP城市正通过更精细的消费供给，回应居民真实而多元的消费需求。 2月初，杭州一家连锁眼镜店里，店员向记者推荐起一款AI眼镜，"配镜流程不复杂，先做需求评测、验光确定度数，最后选择AI眼镜就行。"这家品牌传承 百年的眼镜店正与前沿人工智能携手，让科技新产品走入大众消费。 一些新消费图景也在一线和强二线城市出现，例如宠物友好商圈越来越多，宠物玩具店、服装店也陆续出现在商场门店中。在上海的咖啡馆，经常能看见一 手取咖啡，一手牵着"毛孩子"的顾客。杭州的商场中，也时常能看到坐在小推车里陪着主人一同逛街的宠物狗、宠物猫，还有宠物兔。 城市消费"微创新" （杭州某宠物友好商圈中坐手推车的小狗，拍摄/柳宁馨） 从智能化产品加速走向大众，到宠物经济等情绪经济不断扩容。这些看似细碎的日常场景，不仅仅是商品的升级，更是生活方式的迭代。万亿之城正以其巨 大的市场容量与创新活力，将一个个细分的新消费场景，加速锻造成可触可感的日常。 浙江工商大学消费与流通研究院副院长赵浩兴在接受21世纪经济报道记者采访时表示，对城市促消费而言，需要持续推进供给侧结构性改革，特别是做好产 品创新。在此基础上， ...

Core Viewpoint - Kunlun Wanwei is strategically shifting its focus from competing directly with major players in the AI field to building a differentiated competitive advantage in vertical markets and overseas expansion, aiming for long-term market positioning and ecological advantages rather than short-term profitability [2][9]. Financial Performance - For 2025, Kunlun Wanwei forecasts a net loss attributable to shareholders between 1.35 billion to 1.95 billion yuan, continuing the previous year's loss trend [2][3]. - The company expects a revenue increase of over 40% year-on-year for 2025, with a growing share of overseas revenue [2]. - The median loss forecast for 2025 is similar to the previous year's loss of 1.595 billion yuan [3]. Research and Development - Kunlun Wanwei's R&D expenditures from 2021 to 2024 were 628 million, 736 million, 1 billion, and 1.598 billion yuan respectively, with 2025's first three quarters seeing R&D spending of 1.211 billion yuan, primarily focused on AGI and AIGC [3][4]. Marketing and Sales - Sales expenses from 2021 to 2024 were 1.473 billion, 1.566 billion, 1.62 billion, and 2.304 billion yuan, with 2025's first three quarters reaching 2.891 billion yuan, aimed at global promotion of AI applications [4]. Product Development and Innovation - Kunlun Wanwei has developed various AI models and applications, including the Skywork series and the Skywork Super Agents, which focus on enhancing productivity and multi-modal content creation [5][6]. - The company has made significant advancements in AI music with Mureka, achieving a positive gross profit for the first time and generating an annual revenue of approximately 12 million dollars [6][7]. Market Positioning - The company has positioned itself as an "AI mid-tier" player, focusing on niche markets and avoiding direct competition with larger firms, which allows it to find survival space and opportunities for growth [3][9]. - The short drama segment has emerged as an unexpected growth point, with revenue expected to reach 1.68 billion yuan in 2025, reflecting a 900% year-on-year increase [8]. Future Outlook - Kunlun Wanwei anticipates that 2026 will be a pivotal year for transitioning from an investment phase to a revenue realization phase, with projections indicating a narrowing of losses and potential profitability by 2027 [10]. - The company's total market capitalization as of February 6 was 68.8 billion yuan, with a target market value estimated at 93.2 billion yuan based on a sum-of-the-parts valuation [11].

南方财经 21世纪经济报道记者胡慧茵 袁思杰 广州报道 "中泰实验室引进了很多新的技术，据我了解，这些新技术不仅用于水产养殖方面，还逐步应用于其他 农业生产，我认为这些共赢合作应继续推进。"2月6日，泰国渔业局技术专家Malasri Khumsri在APEC高 官会上接受21世纪经济报道记者的采访。 据了解，中国与泰国在海洋领域的第一个联合研究实体——中泰实验室，2013年6月在泰国普吉正式启 用，该实验室由中国自然资源部第一海洋研究所和泰国普吉海洋生物中心承担运行。 Khumsri表示，广州养殖许多高经济价值的水产品种，她认为未来双方有望拓展合作领域，在农业技 术、创新研发方面加强知识交流，携手开展合作项目。 ...

南方财经21世纪经济报道记者胡慧茵袁思杰广州报道 "广东在水产养殖方面潜力巨大，首先它在沿海区域，其次它拥有深圳这一机械制造重镇，同时拥有机 械生产方和高新技术并进行很好的协调。很显然，这个是打造水产养殖创新模式的理想地点。"2月6 日，水产养殖数据公司Umitron的创始人山田雅彦在接受21世纪经济报道记者采访时说。 Umitron是一家全球水产养殖数据公司，其总部设在新加坡。该公司通过利用物联网、卫星遥感和人工 智能等技术来开发用电脑控制的可持续水产养殖模式，利用科技的力量来改善水产养殖业的安全、环 保，水产资源的稳定供应以及工作环境。 山田雅彦非常认可广东在水产养殖领域的发展。他希望，能够与广东有更多合作机会，比如其公司在卫 星技术等领域的优势，可以与广东优势互补，优化水产养殖流程自动化流程。 ...

Group 1 - Alibaba's AI application Qianwen APP launched a promotional event distributing free milk tea, leading to a surge in consumer interest and causing server outages [1] - The Hong Kong tea beverage sector saw significant stock price increases, with Cha Bai Dao rising by 6.08%, Gu Ming by 3.58%, and Hu Shang A Yi by 1.15% on the same day [1] - The new tea beverage market has experienced a slowdown, with growth rates dropping from over 20% to single digits, yet external subsidies from major platforms provide a boost to sales and brand exposure [2][3] Group 2 - The promotional activity generated over 1 million milk tea orders within three hours, showcasing the immediate impact of the subsidy [3] - Analysts suggest that the competition for user acquisition and data is crucial, as it enhances AI model optimization and creates a positive feedback loop [4][5] - Despite the short-term stock price declines for Alibaba, the long-term potential for companies that secure user flow and engagement is significant [5][6]

Core Viewpoint - The removal of founder Chai Xiu from her managerial positions marks a significant transition for Miaokelan Duo into a new era under Mengniu's leadership, indicating a shift towards a more professional management approach [2][12]. Management Changes - On January 25, Miaokelan Duo announced that Chai Xiu was removed from her roles as vice chairman, general manager, and legal representative, retaining only her position as a board member. Kuai Yulong from the Mengniu system was appointed as the new CEO, suggesting a new phase of development led by younger professional managers [2][3]. - Chai Xiu's management strategies had faced internal controversies, and her gradual marginalization began after Mengniu's acquisition of the company [3][9]. Financial Implications - Chai Xiu remains a significant shareholder, holding 15.96% of the company alongside her associated party, while Mengniu holds 37.04% of Miaokelan Duo's shares [5][6]. - A guarantee dispute related to a past investment has negatively impacted Miaokelan Duo's financial performance, with estimated losses of approximately 119 to 127 million yuan in net profit due to asset impairment [10]. Historical Context - Chai Xiu founded Guangze Dairy in 2001, which dominated local dairy production. The company shifted focus to cheese in 2007 and became the first A-share listed company centered on cheese in 2016, achieving peak revenue of 5.32 billion yuan in 2023 [7][8]. - Mengniu's interest in Miaokelan Duo grew as it sought to compete with Yili, leading to a series of share acquisitions that culminated in Mengniu becoming the controlling shareholder [8][9]. Market Opportunities - Miaokelan Duo is currently experiencing growth in the B-end market, with a 14.22% year-on-year revenue increase to 1.39 billion yuan in Q3 2025, driven by domestic cheese market demand [13]. - Factors contributing to this growth include an oversupply of domestic raw milk and the increasing quality of domestic cheese production, which is approaching international standards [14]. Production and Equipment - The cost of domestic cheese production equipment has significantly decreased, with production lines costing between 3 to 5 million yuan compared to 20 million yuan for imported lines, enhancing profitability for domestic producers [15]. - The B-end market for cheese is expanding, particularly in Western and Korean cuisines, with major fast-food chains like KFC and Pizza Hut planning significant store expansions in China [16]. Competitive Landscape - Despite the advantages provided by Mengniu, Miaokelan Duo faces challenges from international competitors, necessitating rapid scaling to leverage economies of scale against lower-cost foreign dairy products [17].

Core Viewpoint - Elon Musk's recent statements and activities have significantly influenced the A-share photovoltaic sector, leading to a surge in stock prices for various companies in this industry [2][3][5]. Group 1: Market Reaction - On January 23, 2026, 24 photovoltaic stocks reached their daily limit up, with the photovoltaic index rising by 7.46%, outperforming the overall market [2]. - Following Musk's remarks about the potential of solar energy in China, several companies, including JinkoSolar and TCL Zhonghuan, saw their stock prices rapidly increase [3][6]. - The A-share photovoltaic sector experienced a collective surge, with stocks like Aotaiwei and Maiwei doubling in price over a two-month period [6]. Group 2: Industry Fundamentals - Despite the recent stock price increases, many photovoltaic companies are still facing financial difficulties, with nearly 70% of 75 companies reporting losses for 2025 [4]. - The photovoltaic industry is currently at a low point, and while some companies are seeing a narrowing of losses, this has not translated into positive market sentiment [4][12]. - The concept of "space photovoltaics" has emerged as a potential new growth area for the industry, driven by the need for new market opportunities amid intense competition in ground-based solar energy [10][13]. Group 3: Future Prospects - Analysts predict that the space photovoltaic market could reach significant sizes, with estimates suggesting a potential market space of 200 billion yuan if 10,000 satellites are launched annually [10]. - Musk's exploration of Chinese photovoltaic companies signals a demand for support from the Chinese supply chain for his space energy ambitions [10][12]. - The push for space photovoltaics may compel companies to focus on new technologies and product quality, potentially leading to a return to value development in the industry [14].

Core Viewpoint - The removal of founder Chai Xiu from her managerial positions marks a significant transition for Miaokelando into a new era under Mengniu's influence, indicating a shift towards professional management and a focus on balanced business development [3][12]. Management Changes - On January 25, Miaokelando announced that Chai Xiu was removed from her roles as Vice Chairman, General Manager, and legal representative, retaining only her position as a board member. Kuai Yulong from the Mengniu system was appointed as the new CEO, signifying a leadership change towards a younger, professional management team [3][4]. - Chai Xiu's management strategies had faced internal criticism, and her gradual marginalization began after Mengniu's acquisition of the company [4][9]. Financial Implications - A significant factor in Chai Xiu's removal was a guarantee dispute related to an investment exceeding 100 million yuan, which has negatively impacted Miaokelando's financial performance. The estimated asset impairment could reduce net profit by approximately 119 million to 127 million yuan [10]. - Despite the leadership change, Chai Xiu remains a significant shareholder, holding 15.96% of the company alongside her associated party [6]. Market Position and Performance - Miaokelando experienced a peak revenue of 5.32 billion yuan in 2023, but sales have since entered a decline, with expectations for recovery starting in 2025 [7][8]. - The company is currently seeing growth in the B-end market, with a 14.22% year-on-year revenue increase to 1.39 billion yuan in Q3 2025, driven by domestic cheese market demand [13]. Industry Trends - The domestic cheese market is benefiting from an oversupply of raw milk and lower milk prices, allowing for profit margins in local cheese production. The production equipment for cheese is also becoming increasingly localized, reducing costs significantly compared to imported lines [14]. - The B-end market for cheese is expanding, particularly in Western and Korean cuisine, with major fast-food chains like KFC and Pizza Hut planning significant new store openings in China [15]. Competitive Landscape - While Miaokelando has advantages in raw materials and technology under Mengniu's support, the company faces long-term challenges from lower-cost overseas dairy production. To remain competitive, Miaokelando must scale operations effectively [16].

Core Viewpoint - ST Dehao announced that its shareholder, Bengbu Xinrui Project Management Co., Ltd., will reduce its shareholding by 25,741,332 shares, accounting for 1.47% of the total share capital, between December 24, 2025, and February 5, 2026 [1] Summary by Category - Shareholding Reduction - Bengbu Xinrui Project Management Co., Ltd. will reduce its stake through centralized bidding and block trading [1] - After the reduction, Bengbu Xinrui and its concerted actor Wang Sheng will hold a total of 86,829,515 shares, representing 4.95% of the total share capital [1] - Bengbu Xinrui will no longer be a major shareholder holding more than 5% of the company [1] - Information Disclosure - The company has fulfilled its obligation to disclose information regarding the change in shareholding [1]