近期，不少上海消费者发现，承载着不少儿时记忆的本帮菜品牌上海小南国餐厅早已悄然歇业。据媒体 报道，2月初，小南国位于上海的多家门店在毫无预告的情况下就停止营业。 记者查阅大众点评显示，目前该品牌上海地区门店基本停业，无锡、珠海等地部分门店仍在运营。 有上海多位消费者在此前支付了年夜饭订金，"年夜饭就是在他家订的，昨天有店员电话提醒我赶紧换 餐厅。"消费者吉吉表示，"有问我的银行账号，说是公司会退款，但具体什么时间不知道。" 还有消费者在2月7日，仍不知情，打电话想订年夜饭，"接电话的人说小南国倒闭了，不要再打电话来 了。" 实际上，小南国的停业风波并非突然而至。有一位消费者1月底在上海小南国北外滩门店的评价中写 道，"刚上完冷菜，饭店经理来说，老板拖欠工资两个月，厨师集体罢工，出不了剩下的热菜了。"而这 餐饭是她提前半个月的定好的包厢，为吃年末的家庭聚餐。 而据上海小南国此前披露的2025年中期报告。报告期内，公司实现营业收入1.02亿元，同比下降 44.18%；归母净利润亏损1824.8万元，上年同期亏损2943.8万元。而彼时，2025年6月30日，集团运营 15家"上海小南国"餐厅及1家"南小馆"餐厅， ...

国家医保局发布通知，决定在尚未开展影像云集采的地区选点，并与已开展影像云集采地区达到条件的 定点医疗机构。组建医保影像云跨省秒调阅医院网络，以全国统一医保信息平台为依托，方便相关医疗 机构调阅所接诊患者在全国的医学影像检查资料，进一步优化跨省就医流程。 （文章来源：21世纪经济报道） ...

日前，丰田宣布了核心管理层的重大调整：57岁的首席财务官近健太将升任社长兼首席执行官，于4月1 日生效；原社长佐藤恒治转任副会长和新设立的首席行业官；现任会长丰田章男继续留任。 这一人事变动的背后，是丰田正遭遇的盈利承压与市场竞争双重挑战。丰田在2026财年第三季度（2025 年10月至12月）净利润大幅下滑43%，美国关税政策的持续侵蚀叠加电动化转型的长期资金储备需求， 让这家全球汽车销冠急需一位擅长成本把控的掌舵者，破解盈利困局的同时直面中国市场的激烈竞争。 在全球市场，丰田依旧保持着头部优势。2025年，丰田汽车全球销量再创纪录达到1132.3万辆，同比增 长4.6%。这是其连续第六年登顶全球车企销量榜，领先第二名大众汽车集团约230万辆。 但这份辉煌并未延伸至中国市场，曾经齐头并进的日系"两田一产"，如今在中国市场的命运已截然不 同。2025年，丰田在华销量微增0.23%，成为日系三强中唯一实现正增长的企业，而日产和本田则分别 下降6.26%和24.28%。根据中国汽车工业协会发布的数据，日系品牌在华的整体市场份额已从2020年的 23.1%萎缩至2025年的约9.7%，昔日的黄金时代不复存在。 即便 ...

Core Viewpoint - The successful IPO of Lanqi Technology on the Hong Kong Stock Exchange marks a significant milestone for the company and its founder, Yang Chonghe, who is recognized as a leading figure in IC design. The company has achieved a dominant position in the memory interconnect chip market, driven by the growing demand for AI and data center technologies [1][5][10]. Company Overview - Yang Chonghe, known as the "first returnee in IC design," has led Lanqi Technology through three IPOs, including its recent listing on the Hong Kong Stock Exchange [1][3]. - Lanqi Technology started with set-top box chips and has grown to dominate the memory interconnect chip market, achieving a market share of 36.8% in 2024 [1][6]. IPO Details - The IPO was priced at HKD 106.89 per share, raising a net amount of HKD 6.905 billion, with a subscription rate of 707.3 times [1][8]. - The company attracted significant cornerstone investors, including JPMIMI, UBS AM, and others, who collectively subscribed to 32.828 million shares, accounting for 49.82% of the total offering [1][8]. Market Performance - On its first trading day, Lanqi Technology's stock surged by 63.72%, closing at HKD 175.00 per share, resulting in a market capitalization exceeding HKD 212.155 billion [1][9]. - The company's A-share performance has also been strong, with a 74.61% increase in 2025 and a further 47.24% rise in early 2026 [10]. Financial Performance - Lanqi Technology's revenue and net profit have shown significant growth, with projected net profits for 2025 expected to reach between RMB 2.15 billion and RMB 2.35 billion, representing a year-on-year increase of 52.29% to 66.46% [10]. - The company anticipates a substantial increase in demand for its interconnect chips due to the AI industry's growth, particularly as the focus shifts from training to inference [10]. Industry Outlook - The global high-speed interconnect chip market is projected to grow from USD 15.4 billion in 2024 to USD 49 billion by 2030, with a compound annual growth rate of 21.2% [11].

一度因陷入重整投资人风波而中止的杉杉集团重组，在二次投资人遴选结束以后，终于迎来了新的重整 中标者。 2月8日，杉杉股份（600884.SH）公告称，2月6日，公司控股股东杉杉集团及其全资子公司朋泽贸易 （合称"债务人"）、杉杉集团管理人与通过遴选的重整投资人安徽皖维集团、宁波金资签署《重整投资 协议》。 根据该协议，安徽省国资企业安徽皖维集团牵头，联合安徽海螺集团和宁波金融资产管理公司组成联合 体，对杉杉集团及朋泽贸易投入不超过71.56亿元，换得控制21.88%杉杉股份的部分股票和表决权。 具体安排上，13.50%的杉杉股份股票将以直接收购方式从重整资产包中转让给皖维集团，该部分耗资 约49亿元。 而剩余8.38%股票，则将在短期维持与上述13.50%一致行动关系的基础上，以信托资产的方式运作及部 分减持，并用于破产计划债权人债务偿付。 值得注意的是，由于皖维集团收购13.50%的杉杉股份股票的对价高达16.42元/股，其较去年首次重整遴 选最终进入债权人投票环节的价格11.5元/股高出43.5%，且相关股票设置了长达36个月以上的锁定期， 该方案也获得了资本市场的积极反馈。 他表示，此前被叫停的方案并未 ...

2026年2月，字节跳动旗下AI视频生成模型Seedance2.0在小范围内测阶段便席卷海内外互联网，凭 借"文本/图片生成电影级视频"的突破性能力成为行业内外焦点。 而影视飓风创始人Tim（潘天鸿）发布的实测视频，更让这款模型的技术实力广为人知，《黑神话：悟 空》之父冯骥也评价说，Seedance 2.0是当前地表最强视频生成模型，没有之一。 在Seedance 2.0的带动下，2月9日A股最热闹的地方，非传媒板块莫属。中文在线、掌阅科技等多只股票 排队冲上涨停，还有影视股也跟风起飞。 AI视频迎奇点时刻 Seedance2.0之所以能引发行业震动，核心在于其在关键技术指标上实现了突破性进展。 公开信息显示，该模型采用双分支扩散变换器架构，可同时生成视频和音频，用户只需编写详细提示或 上传一张图片，即可在60秒内生成带有原生音频的多镜头序列视频。 与当前市场上的主流AI视频模型相比，Seedance2.0聚焦于"具有原生音频的连贯多场景序列"制作。 但在盛赞之余，一个意外发现让Tim直呼"恐怖"：仅上传自己的人脸照片，未提供任何声音文件或相关 提示，Seedance2.0便自动生成了与他本人高度相似的声音， ...

南方财经 21世纪经济报道记者吴斌 上海报道 2026年伊始，围绕AI的希冀与担忧交织，美股科技股跌跌撞撞，板块轮动已现。 联博基金市场策略负责人李长风对21世纪经济报道记者表示，尽管市场对绝对涨幅略有担忧，但AI公 司的股价上涨有EPS增长作为支撑，估值提升具备合理性——这些公司盈利模式稳定、市场空间广阔， 可能享有更高估值。同时，美联储降息也对科技股估值产生了积极作用。因此，他并不认为AI公司当 前估值过高。 但李长风也提醒其中存在风险，2026年需要重点关注AI公司能否兑现盈利预期。过去三年，AI行业资 本开支大幅上升。以往科技公司受欢迎是因为低资本开支和现金流稳定，如今却面临高资本开支的压 力。 投资的重心，或将从追逐少数耀眼星辰，转向开掘一片机遇更为分散的星图。 尽管科技公司仍有望保持较好表现，但李长风预计，科技行业与其他行业之间的差距可能会收窄。2026 年的市场表现可能更趋分散，而非像过去两三年那样由科技股独领风骚。投资者在配置AI股票的同 时，也应兼顾其他题材，进行均衡布局。 李长风正密切关注AI投资能否真正推动实际增长。初期市场期待爆发式应用，但目前更普遍的观点是 AI的普及将是渐进式的—— ...

Management Changes - Nanjing Securities is undergoing a management adjustment, with a focus on the core leadership roles, particularly the positions of General Manager and Chairman [1][4] - Xia Hongjian, the current General Manager, is expected to be promoted to a more central role, potentially as Chairman, following the retirement of current Chairman Li Jianfeng [1][4] Historical Context - Both Li Jianfeng and Xia Hongjian have been with Nanjing Securities since 1992, with Xia serving as Vice President since 2012 and Li as General Manager since 2014 [4] - The management structure has remained stable since 2020, when Li Jianfeng took over as Chairman after the previous Chairman retired due to age [4] Financial Performance - Nanjing Securities has experienced significant fluctuations in its financial performance over the years, with revenues peaking in 2021 at 27.42 billion yuan and net profits at 9.77 billion yuan [8] - In 2022, the company faced a decline, with revenues dropping by 26.75% to 20.08 billion yuan and net profits decreasing by 33.93% to 6.46 billion yuan [8] - The company has shown signs of recovery in 2023, with revenues increasing by 23.3% to 24.76 billion yuan, although net profits only slightly increased by 4.85% to 6.77 billion yuan [8] Capital Increase - Nanjing Securities successfully completed a 5 billion yuan capital increase to alleviate financial pressure, with the issuance of approximately 713 million A-shares [9][10] - The capital raised will be allocated to various business segments, including investment banking, wealth management, and asset management, as well as debt repayment and operational funding [10][11] Regulatory Context - The company has a history of leadership changes, with the former Chairman Bu Guoxun being investigated for serious violations of discipline and law, although this has not impacted the company's operations [15][17]

Core Insights - In 2025, China's major ports reported impressive performance, with container throughput exceeding 10 million TEUs at nine ports, including Suzhou Port and Beibu Gulf Port [1][5][8] - The growth rate of container throughput was particularly notable, with 26 ports achieving double-digit growth, including 18 inland ports [1][5] Group 1: Port Performance - Ningbo-Zhoushan Port maintained its position as the world's busiest port, achieving a cargo throughput of 143,192 million tons in 2025, a 4.0% increase year-on-year [5][6] - Shanghai Port led in container throughput with 5,506 million TEUs, marking its 16th consecutive year at the top globally [7][8] - Suzhou Port and Beibu Gulf Port reached container throughput of 1,021 million TEUs and 1,006 million TEUs, respectively, contributing to the expansion of ports exceeding 10 million TEUs [1][8] Group 2: Growth Drivers - The rapid growth in trade and a dense network of shipping routes supported Ningbo-Zhoushan Port's status, with Zhejiang Province's total import and export value reaching 5.55 trillion yuan, a 5.4% increase [5][6] - Suzhou Port's rise is attributed to its strategic location along the Yangtze River and its connections to key industries, particularly automotive exports [8][9] - Beibu Gulf Port's container throughput grew from 2.28 million TEUs in 2017 to 1,006 million TEUs in 2025, benefiting from the development of the Western Land-Sea New Corridor [9] Group 3: Future Developments - In 2026, ports are expected to accelerate the construction of shipping networks and increase international routes, with Qingdao Port opening four new container routes in January [10][11] - The government reports from coastal provinces emphasize the development of new consumption models, including cruise and yacht tourism, as part of the economic strategy [11][12] - The yacht economy is highlighted as a growing sector, with significant increases in yacht registrations and government initiatives to promote yacht consumption [12][13]

外国人来华就医"火了"？21世纪经济报道记者走访发现，与网络热潮相比，现实仅有个案，但显著提升中国医疗的国际曝光度。 近期，外国人来华就医在网络上引发热议。21世纪经济报道记者走访浙江、北京部分医院发现，国际部床位和患者规模仍有限，这一现象尚未形成热潮。上 海、深圳等一线城市相关从业者透露，近期专门来华医疗旅游的外国人人数并未显著增加，和网络上传递出来的现象有差距。 21世纪经济报道记者柳宁馨 杭州报道 （浙大一院国际保健中心区域指示牌，拍摄/柳宁馨） 从部分就诊的外国患者个案反馈看，他们对在华看病的评价集中于成本、效率和技术优势。 一位在北京做英语培训的美国外教告诉21世纪经济报道记者，他觉得北京的医生特别好。他透露，之前在北京积水潭医院做了一个小手术，是个在国外很容 易被误诊的病，但积水潭医院的医生一次就看出病因，他从门诊到住院仅等了两周，整体体验特别好。 在扩大服务消费背景下，日前，国务院办公厅印发了《加快培育服务消费新增长点工作方案》，其中提到入境消费等重点领域。目前，上海、北京、深圳、 海南等地已开展国际医疗旅游试点，未来有望继续完善制度标准。 商务部国际贸易经济合作研究院研究员白明在接受21世纪经 ...