Core Viewpoint - Traditional ham producer Jinzi Ham is attempting to enter the rapidly growing semiconductor sector with a 300 million yuan investment, leading to a significant increase in its market value [1][3]. Investment Details - Jinzi Ham's wholly-owned subsidiary, Fujian Jinzi Semiconductor Co., Ltd., plans to acquire up to 20% equity in Zhongsheng Microelectronics (Hangzhou) Co., Ltd. through a capital increase, with a total investment not exceeding 300 million yuan [3]. - The investment will occur in two rounds, with the first round amounting to 100 million yuan based on a pre-investment valuation of Zhongsheng Microelectronics between 1 billion yuan and 1.3 billion yuan [3]. - Zhongsheng Microelectronics specializes in the research and design of high-speed optical module core chips, with applications in AI, cloud computing, and 5G technologies [3]. Company Background - Jinzi Ham, established in 1994 and listed in December 2010, primarily produces various types of ham and meat products [4]. - The company has previously attempted to diversify into sectors such as healthcare and internet finance, but these efforts were largely unsuccessful [4]. Recent Changes in Management - In June 2023, entrepreneur Zheng Qingsheng acquired Jinzi Ham for 870 million yuan, becoming the new actual controller [5]. - Under the new management, Jinzi Ham has initiated its foray into the semiconductor industry, establishing two wholly-owned subsidiaries focused on semiconductor devices and integrated circuit sales [5]. Financial Performance - Jinzi Ham's financial performance has faced significant pressure, with a reported revenue of 170 million yuan in the first half of 2025, a decline of 14.73% year-on-year [6]. - The net profit attributable to shareholders decreased by 25.11% to approximately 22.92 million yuan during the same period [5][6].

Core Insights - The article emphasizes that Cainiao is not merely a logistics company but a technology-driven entity that is expanding its global reach through innovative logistics solutions [1] - Cainiao has established seven billion-level revenue technology product lines and has achieved significant overseas growth, with logistics technology growth exceeding 150% year-on-year [1][6] Group 1: Technology and Product Development - Cainiao's unique competitive advantage lies in its dual capabilities of logistics operations and technology research and development, enabling it to offer both digital and automated solutions [2] - The company has developed a collaborative scheduling system for Automated Guided Vehicles (AGVs) in partnership with BMW, showcasing its ability to integrate hardware and software effectively [2][3] Group 2: Global Expansion and Market Adaptation - Cainiao has successfully completed a large-scale automated distribution project in Vietnam in just 100 days, 30% faster than the industry standard, demonstrating its efficient global delivery capabilities [4] - The company has tailored its products for different markets, such as developing a compact sorting machine for the European market, which has been well-received by local courier companies [5] Group 3: Client Trust and Market Position - Cainiao has gained the trust of major clients, with 26 Fortune 500 companies collaborating with it, which serves as a strong indicator of its market position and product reliability [6] - The company has made significant progress in its goal to complete 1,000 global technology project deliveries within three years, achieving 40% of this target in just one year [6]

9月23日午后，指数走弱。 证券ETF（159841）密切跟踪中证全指证券公司指数，该指数聚焦了A股的大市值证券龙头，而且既有 传统证券龙头，也有金融科技龙头。证券ETF（159841）同时配置场外证券ETF联接基金（A： 008590，C：008591）。 消息面上，据证券日报，券商三季度业绩预期乐观，有望支撑估值修复。9月份以来，券商板块有所回 调，呈现出较为明显的波动特征，截至9月22日，券商板块本月累计下跌5.5%。不过，在宏观经济修复 预期强化、资本市场改革深化等长期利好支撑下，分析师普遍认为，证券行业景气度上行趋势未发生根 本性转变，三季度业绩增速有望进一步提升，当前调整或为投资者中长期布局提供战略性窗口期。 中航证券表示，年初以来，权益市场整体表现向好，但券商板块指数修复力度仍落后于大盘，大型券商 估值目前仍处于历史中低位水平。展望全年，资本市场预计将保持稳步向上趋势，业绩增长的可持续性 有望增强，板块具备估值修复潜力。在中长期资本市场向好趋势明确的背景下，券商业务的深度与广度 预计将进一步拓展，业务结构和估值均具备中长期增长空间。 （本文机构观点来自持牌证券机构，不构成任何投资建议，亦不代表平 ...

Core Insights - The company, Dahong Technology, has announced a strategic upgrade from a video-centric technology system to a new development phase focused on "AI multimodal + spatial video + industry" [1][3] - The launch of the BlackEye 2.0 multimodal spatial model supports applications in media culture, industrial and satellite sectors, in-vehicle intelligent cockpits, and robotics [1] Group 1 - The Vice President of Dahong Technology demonstrated the capability to control a robotic dog located 1,700 kilometers away using just a smartphone, highlighting the effectiveness of their technology [3] - The BlackEye Vision robot remote control system achieves an end-to-end latency of under 80 milliseconds, which is 20 milliseconds faster than the human neural response limit [3] - Strategic partnerships were established with companies like Alibaba Cloud and others to enhance capabilities in robotics and other sectors [3] Group 2 - A new "never offline" robot was jointly launched by Dahong Technology and partners, integrating satellite communication technology to ensure two-way communication in remote areas [3]

（原标题：猪价创年内新低、养殖利润跌破成本线 政策推动产能去化 畜牧养殖或迎布局窗口？） 生猪期、现、股全面下挫。 根据猪好多网，9月23日，生猪均价12.83元/公斤，仔猪价格24.08元/公斤，双双创下年内新低。 二级市场方面，畜牧养殖ETF（516670）早盘下跌1.66%，成交超4100万元，已超昨日全天水平。Wind 数据显示，近5个交易日，资金连续净流入该ETF累计超8100万元，呈逆势布局趋势。 期货方面，昨日收盘生猪2511合约12795元/吨，较前交易日变动-30.00元/吨，幅度-0.23%。 华鑫期货分析师认为，今年7月中旬，生猪期货价格一度出现快速反弹，主因是市场对生猪养殖行业的 压缩产能有所预期，相关政策和措施也陆续拟出台，但实际效果一般。 对于生猪行业近期表现，财通证券认为，近期集团场标猪供应量增加明显，供大于求。当前补栏仔猪对 应年后出栏，且环保政策监管趋严，仔猪补栏情绪持续回落。 随着猪价回落，生猪养殖利润全面跌破成本线。根据博亚和讯数据，9月19日当周，外购仔猪养殖利润 为-199.31元/头，盈利周环比下滑37.38元/头；自繁自养养殖利润为-24.44元/头，盈利周环比下 ...

为防御台风"桦加沙"，9月23日上午10时，深圳全市台风黄色预警信号升级为橙色。 9月23日下午在全市范围内实行"五停"。其中，9月23日20时起停运。 当日，21世纪经济报道记者获悉，据深圳交通，地铁、有轨电车方面，地铁全线网将于9月23日提前结 束运营，各线路末班车将于18:00从各线路首末站点发出，各站末班车发出后，车站将只出不进；深圳 地铁将于今日12:00起在全线网各线投入高峰运力，港铁深圳4号线、13号线将于11:00起投入高峰运 力。深圳有轨电车各路末班车将于18:00从各线路首末站点发出，12:00起将投入高峰运力。 根据航班管家DAST数据，截至23日12时55分，深圳宝安国际机场出港航班取消210班次，进港航班取 消319班次。 据深圳巴士集团，深圳巴士集团旗下所有公交线路（含常规公交、定制公交）自9月23日20时起临时停 止运营服务，各线路末班车将相应提前发出；9月23日下班高峰期调整为12时至14时，14时后仅维持有 限度的运营服务。其中，深中跨市公交线路及广州（南沙）-深圳跨市公交线路末班车于9月23日12时发 出后临时停止运营服务。 客运站方面，深圳全市范围内汽车客运站（含道路客运 ...

在8月"广东省加快推进现代化产业体系建设专题会议"（现代服务业专场）上，前海管理局方面透露，前海现代服务业已接近世界发达地区先进水平，前海 港资企业中，服务业企业占95%，且"含科量"正在提高，港企布局正由金融、物流等传统领域，向科技服务、信息服务等新兴领域加速拓展。 大手笔支持研发 21世纪经济报道记者陈思琦深圳报道 深圳首个研发中心专项支持政策在前海实施。 9月23日，21世纪经济报道记者从前海管理局获悉，该局《关于支持研发中心发展的若干措施（试行）》（简称《若干措施》）近日印发，自2025年9月13日 起实施。这是《广东省支持外资研发中心落户奖励实施细则》发布后，深圳市首个区域级研发中心专项支持政策，目前已开放2025年度申报。 《若干措施》共9条，在资金、企业出海方面的举措备受关注，包括：符合条件的研发中心可获最高200万元研发准备金，跨国企业全球研发中心可叠加获最 高600万元支持，资金分三年按40%、30%、30%比例拨付；支持企业探索"区内注册、海内外经营"等新模式，在前海发展以高新技术出海业务为主的研发中 心。 9月13日，《深圳市前海深港现代服务业合作区管理局关于支持研发中心发展的若干措施（ ...

21世纪经济报道特约记者 庞华玮 "十四五"收官，中国资本市场交出了一份沉甸甸的开放"成绩单"。 "中国资本市场的'朋友圈'越来越大。"9月22日，在国务院新闻办公室"高质量完成'十四五'规划"系列主题新闻发布会上，中国证监会主席吴清介绍了在"十 四五"期间中国资本市场对外开放情况。 "'十四五'期间，新增核准13家外资控股证券基金期货机构来华展业兴业，外资持有A股市值3.4万亿元，269家企业境外上市。"吴清说。 此外，证监会持续拓展外商可投资期货期权特定品种范少围，拓展ETF互联互通机制，丰富跨境投资产品，持续为境外投资者提供良好监管环境。 度型开放"为核心的深层次变革，正推动中国资市场扩大开放、与全球市场实现"双向奔赴"。 从外资机构抢滩布局到中资企业扬帆出海，一场以"制 制度型开放 过去五年，"十四五"规划下的中国资本市场开放以制度型开放为核心，从市场准入到规则对接，对外开放的步伐不断加大。 "资本市场高水平制度型开放稳步扩大。统筹开放与安全，稳妥有序推进市场、产品和机构双向开放。"吴清指出。 吴清介绍，"十四五"期间全面取消行业机构外资持股比例限制，完善合格境外投资者制度，优化沪深港通、沪伦通、基金 ...

Market Overview - A-shares opened higher but experienced a downward trend, with the Shanghai Composite Index falling 1.23% to 3781.61 points, and over 4900 stocks declining [1][2] - The total trading volume in A-shares reached 1.71 trillion yuan, an increase of 353.9 billion yuan compared to the previous trading day [1][2] Stock Performance - In the Hong Kong market, major indices showed fluctuations, with NIO and Baidu both dropping over 7%, and JD.com falling more than 3% [3][4] - The Hang Seng Index decreased by 0.94%, closing at 26096.45 points, while the Hang Seng Tech Index fell by 2.20% [4] Sector Analysis - Banking stocks showed signs of recovery, with Nanjing Bank rising over 4% and major insurance stocks also performing well [5][7] - The semiconductor sector remained strong, with stocks like Changchuan Technology and Lianang Microelectronics hitting the daily limit [5][7] - The consumer electronics manufacturing index dropped by 3.01%, with significant declines in stocks such as Saiwei Electronics and Furi Electronics [6] Gold Market - International gold prices reached a new high of 3759 USD/ounce, with a slight decrease to 3745 USD/ounce later [8][9] - Domestic gold jewelry prices also increased, with brands like Chow Tai Fook and Lao Feng Xiang pricing their gold jewelry at 1098 CNY/gram [8]

台风来临前，不少市民担忧外出采购不便或外卖配送延迟，纷纷提前加大对蔬菜、粮油、肉蛋奶、米面 等重点生活必需品的采购力度，这一现象导致部分商超、农贸市场一度出现客流高峰，线上生鲜平台更 是迎来"爆单"情况。 作为深港两地重要的"菜篮子"，深农投集团旗下的深圳海吉星是此次台风保供工作的重要供应方。该公 司相关负责人向21世纪经济报道记者表示，自9月21日起，深圳海吉星已全面开启"保供加速度"模式， 通过联动深农投旗下30多家农批市场、全国范围内的种植基地以及6万余户伙伴商户，构建起一张覆盖 全国的农产品供应网络。 9月23日，21世纪经济报道记者实地走访深圳多家商超发现，以自身生活一公里为半径的范围内，无论 是小型便利店、中型超市还是大型商超，均有充足的新鲜蔬菜供应，市民日常采购需求可得到基本满 足。 稍早前消息，受超强台风"桦加沙"影响，深圳自9月23日下午起在全市范围内实行"五停"措施，其中14 时起全面停工、停业、停市，20时起启动停运，而停课措施早在9月22日晚已率先实施。 为保障市民安全，除抢险人员和民生保障人员外，官方呼吁其他人员切勿随意外出，同时全市所有室内 避险场所已全部开放，供有需要的群众避险。 ...