Core Viewpoint - *ST Lifan experienced a dramatic stock price reversal, with a 246.27% increase over nine trading days, raising concerns about the sustainability of this surge and the underlying risks associated with the company's financial health and market manipulation [1][4][9]. Stock Price Movement - On January 16, *ST Lifan's stock closed at 0.67 yuan per share, having been below 1 yuan for four consecutive trading days, indicating a risk of delisting [4]. - The stock began to rise on January 20, reaching a peak of 2.32 yuan by February 4, with multiple instances of hitting the daily limit up [4][5]. - The stock's trading volume surged, with a turnover rate exceeding 23.55% on January 29 and 24.84% on February 4, indicating high trading activity [7][8]. Market Sentiment and Trading Behavior - Despite the stock price surge, there was a notable outflow of institutional funds, with a net outflow of 9.37 million yuan, while retail investors showed significant inflow, totaling 88.98 million yuan [7]. - The trading pattern suggests a "pump and dump" scheme, where institutional investors may have inflated the stock price to attract retail investors before exiting [7][8]. Regulatory Concerns - The Anhui Securities Regulatory Bureau has flagged *ST Lifan for serious financial misconduct, including inflated revenue figures over three years, totaling 638 million yuan [9]. - The company faces potential penalties, including a fine of 10 million yuan and possible delisting due to its financial irregularities [9][10]. Financial Performance - For the first three quarters of 2025, *ST Lifan reported a total revenue of 203 million yuan, a decline of 0.44%, and a net loss of 62.21 million yuan, worsening by 20.59% year-on-year [11]. - The company anticipates a net loss of 180 to 210 million yuan for the full year of 2025, exacerbated by a significant drop in its core business segments [12].

Core Viewpoint - Company Xin'an Co., Ltd. (600596.SH) is advancing in the computing power sector by launching its first commercial immersion silicon-based liquid cooling project in collaboration with Hangzhou Suanxiang Technology Co., Ltd. [1] Group 1: Project Details - The immersion cooling project has officially commenced operations, utilizing self-developed silicon-based cooling liquid to validate its reliability and economic viability in real load environments [1] - The energy usage efficiency (PUE) of the project has stabilized below 1.1, achieving over 35% energy savings compared to traditional air cooling solutions [1] Group 2: Product Offerings - Xin'an Co., Ltd. has introduced three series of immersion silicon-based liquid cooling products, which include immersion computing liquid cooling, immersion energy storage liquid cooling, and fast charging liquid cooling, targeting various applications such as large computing centers and energy storage stations [2] Group 3: Industry Landscape - The liquid cooling technology is emerging as a significant development direction for next-generation computing infrastructure, with competitors like Dow Chemical, Runhe New Materials, and Chenguang New Materials also entering the silicon-based cooling liquid market [3] - The future market ecosystem for immersion liquid cooling is expected to feature multiple media coexisting, with silicon-based liquid cooling showing promising growth potential considering factors like stability, safety, energy consumption, cost, and environmental impact [3] - Xin'an Co., Ltd. has over 40 years of experience in the silicon industry and is extending its applications from traditional industrial uses to new scenarios in computing infrastructure [3]

Core Viewpoint - The recently published Central Document No. 1 outlines major tasks and key work in the "Three Rural Issues" sector for the year, emphasizing four key tasks and two major support guarantees to promote agricultural modernization and rural revitalization [2][4]. Group 1: Key Tasks - The four key tasks focus on enhancing agricultural production capacity and quality, implementing normalized precise assistance, promoting stable income growth for farmers, and advancing the construction of livable and workable beautiful villages [2][4]. - The document emphasizes the need for precise policies tailored to local conditions, ensuring food security, consolidating poverty alleviation achievements, and improving rural industry, construction, and governance levels [2][4]. Group 2: Support Guarantees - The two major support guarantees include strengthening institutional innovation and enhancing the Party's comprehensive leadership over "Three Rural Issues" work [2][4]. - The document aims to leverage the Party's leadership advantage and drive reform and innovation to improve the effectiveness of agricultural support policies [2][4]. Group 3: Normalized Precise Assistance - The transition period for poverty alleviation has ended, marking the beginning of a new phase of normalized assistance, which is now integrated into the rural revitalization strategy [4]. - The document outlines four aspects of normalized assistance: dynamic management of assistance targets, precise and efficient assistance methods, stratified and categorized assistance regions, and maintaining overall stability in assistance policies [5][6]. Group 4: Agricultural Production and Technology - Food security is highlighted as a critical task, with a focus on maintaining stable grain production and enhancing agricultural productivity through technological innovation [6][8]. - The document emphasizes the integration of technology in agriculture, promoting the application of AI and other modern technologies to enhance production capacity [6][7]. Group 5: Income Growth Measures - The document proposes a comprehensive set of measures to promote stable income growth for farmers, including stabilizing farming income, developing county-level industries, supporting migrant workers' employment, and utilizing idle rural resources [11][12]. - Specific measures include ensuring farmers' income through price, subsidy, and insurance policies, and promoting the development of local industries based on regional resources [11][12]. Group 6: Land Contracting and Management - The document outlines plans for the second round of land contracting, emphasizing stability and gradual adjustments to ensure that most farmers retain their original contracted land [13]. - It stresses the importance of regulating land transfer rights and protecting the legal rights of both parties involved in land transactions [13].

(作者：易思琳编辑：张明艳) 地平线机器人- 分时图W 日K线 周K线 月K线 7.96 -0.13 -1.61% 3.58% 2.35% 1.24% 0.00% 1.24% 2.35% 3.58% 7.80 7.90 7.99 8.09 8.19 8.28 8.38 09:30 10:30 12:00/13:00 14:00 16:10 0 229万 458万 688万 面对当前不同的技术路线，地平线副总裁吕鹏认为，无论是World Model、VLA还是VA，本质上是没有 区别的，所有的技术都要建立在一个非常solid的端到端基座。"这些技术本身的技术底座都是端到端， 在这里面，是否要引入新的模态。地平线的判断是：如果端到端做得不够坚固，性能没有做得足够好， 是很难去把更多新东西带进来解决这些问题的。" ...

（文章来源：21世纪经济报道） 每年的2月4日是世界癌症日，今年的主题是"以人为本，携手抗癌"，强调把人放在癌症照护中心，重视 患者独特的生命故事与经历，并倡导通过以人为本的照护模式，让每个人都能平等获得所需的关怀与服 务。肿瘤治疗技术日益革新，如何在治疗癌症过程中以人为本地保存患友的生活质量与尊严，已成为当 前医学界关注的重要议题。作为华南首家已投入使用质子治疗的医院，广州泰和肿瘤医院发布了《质子 中心运营一周年运营数据》，向大众展示了前沿肿瘤治疗技术的临床效果以及患者的独特故事。 ...

南方财经21世纪经济报道记者郑青亭、实习生陈俊康 北京报道 尽管面临全球经济放缓和成本高企的挑战，欧洲旅游业依然展现出强劲韧性，正积极推动客源市场多元 化与高质量增长。 欧洲旅游委员会（ETC）首席执行官兼执行董事爱德华多·桑坦德（Eduardo Santander）近日在接受21世 纪经济报道专访时表示，欧洲将持续作为全球首要旅游目的地，而中国游客将在其中扮演关键角色。 近日，中国工商银行与欧洲旅游委员会、万事网联联合发布工银万事达欧洲旅行联名信用卡，为跨境出 行人士提供便利、高效、安全的支付服务。该卡支持人民币及欧元、英镑、瑞士法郎等10种外币直接支 付。持卡者可享有免收外汇兑换手续费、欧洲消费返现及境外取现补贴等金融权益。 在活动间隙，桑坦德接受21世纪经济报道记者专访时指出，欧洲旅游业复苏态势稳定，但更注重"有责 任的增长"。他强调，欧洲不追求游客数量的简单回升，而是希望吸引"重视体验、感到安全与被关照的 游客"。对于2026年中国赴欧市场能否恢复至疫情前水平，他认为增长将更侧重于品质提升。 据介绍，疫情后，中国游客行为模式显著变化：大规模团队游减少，自由行与小团游成为主流；旅行偏 好从城市转向自然户 ...

（文章来源：21世纪经济报道） 当广东吹响实施"百县千镇万村高质量发展工程"、促进城乡区域协调发展的奋进号角时，珠海经济特区 再次挺立潮头。从全省首创闲置农房托管运营中心模式，到建成全国首个港澳青年乡创服务中心； 从"渔草共生"绿色养殖的科技赋能，到"香山夜访"激活基层治理的"末梢神经"。珠海紧扣"重点在西 部、特色在海岛、着力点在镇村"的发展格局，扎实推进"百千万工程"集成式改革。一系列向改革要活 力、向治理要效能的生动实践，正助力珠海打造粤港澳大湾区协调发展的新样板。 ...

21世纪经济报道记者梳理多地的政府工作报告发现，"着力稳定房地产市场"被列为今年的重要任务，并 清晰指向构建发展新模式、推进城市更新、公积金制度改革等深层变革。 此外，在去年首次写入全国两会的政府工作报告后，"好房子"也频繁出现在今年地方两会的政府工作报 告中。 分析人士指出，各地两会释放的信号表明，2026年的房地产工作将摒弃短期刺激思维，沿着"高质 量"与"新模式"的双轨深化。一方面，通过融资协调、消化存量稳定市场，仍是基本盘；另一方面，在 发展模式和制度建设层面，开始着眼长远，为行业注入可持续的新动能。 公积金制度改革被高频提及 近期，2026年省级地方两会陆续召开，"十五五"发展蓝图正从国家层面逐渐落子到地方实践。其中，作 为国民经济的重要支柱产业，房地产的稳定与高质量发展，关乎经济大盘、民生福祉与城市未来，也是 各地规划新年工作时的重点。 2025年12月召开的中央经济工作会议指出，深化住房公积金制度改革。当月下旬，全国住房城乡建设工 作会议召开，并提出"更好发挥住房公积金作用""深化住房公积金制度改革"。2026年1月2日，《求是》 杂志发文，再度强调"深化住房公积金制度改革"。 各地两会并未提及 ...

这凸显学龄人口变化对教育资源配置影响的复杂性。发布学位预警的城市，有的是整个城市因人口流入 而学位紧张，有的在城市内部出现区域学龄人口分化，还有的是人们追求名校导致个别学校竞争激烈。 资料图 21世纪经济报道记者王峰报道一年一度的中小学学位预警如期而至。近日，广州、东莞、西安、长春、 杭州等地部分区域和学校发布预警称，2026年适龄入学人数超过已有学位数量。 前几年入学人口高峰时，学位预警在各地频现，为何现在仍未解除？ 地方两会陆续召开，健全与人口变化相适应的资源统筹调配机制成为热议的教育话题，有的地方提出了 2026年学位供给目标，有的地方则采取创新举措调配资源。 人口变化正在推动新一轮教育资源供给侧结构性改革。学位预警红灯亮起 2026年义务教育入学工作将在4月启动。 截至目前，广州市有8个区发布了学位预警，其中白云区、增城区预警学校数量均超过20所，花都区则 首次发出学位预警。 据报道，广州市教育局此前表示，广州市2025年秋季学期超259万中小学及幼儿园学生开学，而受全面 放开两孩政策影响，广州市各学段将依次进入峰值，预计广州市小学总体在校人数高峰将出现在2026 年，形成逐学段传导的峰谷波动。 20 ...

Core Viewpoint - The implementation of the "Automotive Door Handle Safety Technical Requirements" by the Ministry of Industry and Information Technology in China, effective January 1, 2027, aims to enhance vehicle safety by regulating hidden door handles, which have been linked to safety hazards in emergency situations [1]. Group 1: Industry Impact - The new regulation will require all vehicle doors to have an independent mechanical release device, ensuring that doors can be opened even if the vehicle is completely powered down or in a thermal runaway situation [1]. - As of April 2025, 60% of the top 100 selling new energy vehicles in China are equipped with hidden door handles, with the total stock of such vehicles exceeding 10 million [1]. - The regulation is expected to influence global automotive design trends, as China is the first country to implement such measures, prompting other regions, including Europe, to consider similar restrictions [1]. Group 2: Safety Concerns - There has been a significant increase in safety complaints related to hidden door handles, with a 132% year-on-year rise in 2024, highlighting the urgent need for regulatory intervention [1]. - The new rules will also specify requirements for the size and installation position of internal door handle indicators, ensuring better accessibility in emergencies [1]. - A compromise design of semi-hidden and mechanical emergency options is becoming mainstream, as it only slightly increases drag coefficient by 0.002 compared to fully hidden designs, prioritizing safety over aesthetics [1].