（原标题：今日看点｜第22届世界风能大会将举行） 12月3日重点关注的财经要闻与资本市场大事： 1、第22届世界风能大会将举行 12月3日至5日，第22届世界风能大会将在广东汕头召开。本届大会以"风能赋能未来：创新、协作与可 持续增长"为主题，聚焦风电产业迈向高质量、可持续发展的前沿趋势与路径。 2、2026年度全国煤炭交易会将举行 2月3日至5日，2026年度全国煤炭交易会将在山东日照举办。会议期间，将举办山东日照－新疆哈密煤 炭产业合作发展大会，汇聚山东、新疆、甘肃、陕西、山西等省区市煤炭产业链上下游生产、贸易、物 流、消费企业及相关主管部门，积极探讨促进疆煤外销合作，搭建东西部煤炭产运销需衔接平台。 3、6229.62万元市值限售股今日解禁 12月3日，共有7家公司限售股解禁，合计解禁量为337.06万股，按最新收盘价计算，合计解禁市值为 6229.62万元。 从解禁量来看，华盛昌、亚辉龙、今天国际解禁量居前，解禁股数分别为101.44万股、96.15万股、 63.95万股。从解禁市值来看，华盛昌、亚辉龙、杭氧股份解禁市值居前，解禁市值分别为2280.34万 元、1396.1万元、857.38万元。 4 ...

Core Viewpoint - The article emphasizes the importance of recognizing early warning signs of academic disengagement in children who have recently returned to school after experiencing a crisis of motivation. It highlights that the initial months of reintegration are critical and that parents and teachers should focus on identifying these signs to intervene before issues worsen [1]. Emotional Signals - Children may exhibit sudden emotional fluctuations, such as increased irritability, anxiety, or prolonged sadness, often disproportionate to specific events. For instance, a child might react with extreme anger over minor issues or express feelings of hopelessness [2]. Behavioral Signals - A noticeable decline in proactive behaviors, such as procrastination on assignments and avoidance of social interactions, may occur. Children might frequently seek excuses to miss school or show a lack of interest in previously enjoyed activities [3]. Cognitive Signals - Children may develop negative self-perceptions and pessimistic views about their future, leading to a cycle of self-doubt and reduced effort in their studies. This can manifest as statements like "I can't learn" or "There's no hope for me" [4]. Physical Signals - Unexplained physical symptoms, such as headaches or stomachaches, may arise, particularly before school. These symptoms can serve as a means of avoiding school, and if overlooked, they may lead to long-term physical and mental health issues [5][6]. Academic Signals - There may be a significant drop in academic performance, with increased errors in assignments and reduced classroom participation. This decline can lead to feelings of inadequacy and further disengagement from learning [7]. Social Signals - Children may retreat from social interactions, experiencing isolation from peers and strained relationships with teachers. A lack of social support can exacerbate feelings of loneliness and lead to a return to avoidance behaviors [8]. Response Strategies - Early detection of warning signs should prompt gentle interventions, such as empathetic listening and identifying specific issues. Collaborating with teachers and mental health professionals can help address academic pressures or interpersonal conflicts effectively [9].

Group 1 - The box office success of "Zootopia 2" is attributed to a surge in pent-up viewing demand and reflects a shift in young audiences' preferences, signaling a new era for global cinema [2][3] - As of December 1, "Zootopia 2" has surpassed 2 billion yuan in box office revenue in China, breaking the previous record set by its predecessor, which grossed 1.54 billion yuan in 2016, with projections suggesting a total box office of 4.2 billion yuan [2] - The film's daily box office reached 730 million yuan, indicating strong momentum and contributing to a positive outlook for the overall Chinese film market, which is expected to reach 50 billion yuan in total box office by 2025 [2] Group 2 - The success of "Zootopia 2" has alleviated the financial pressure on cinemas, reinforcing the idea that audience willingness to spend is contingent on the availability of compelling films [3] - Data shows that 59% of the audience for "Zootopia 2" is aged 29 and below, suggesting a significant shift towards targeting younger demographics in film production [3] - The competitive landscape for imported films remains, as the success of "Zootopia 2" indicates that the dominance of domestic films in box office share is not guaranteed, highlighting the need for innovation in imported films [3] Group 3 - The increasing popularity of animated films poses a growing threat to live-action films, with animated titles projected to account for nearly half of the total box office in 2025 [4] - The film industry is urged to adapt and innovate in response to the success of animated films, learning from their strategies to maintain relevance and appeal [4] - "Zootopia 2" serves as a wake-up call for the Chinese film industry to rapidly respond with innovative content that can compete in the evolving entertainment landscape [4]

Core Insights - AI security has become a critical foundation for high-quality industrial development as the "AI+" initiative accelerates [1][2] - The forum emphasized the need for a collaborative ecosystem to establish standards, assessments, and protective frameworks for AI security [1][4] Group 1: AI Security Governance - The forum gathered various stakeholders to discuss cutting-edge issues in AI security governance and released multiple research outcomes and industry standards [1][2] - Recommendations were made to strengthen the technological foundation, deepen application integration, and improve governance ecosystems for AI security [1][2] Group 2: Policy and Industry Development - The "14th Five-Year Plan" emphasizes enhancing national security capabilities in emerging fields like AI, guiding future work in the information and communication sector [2] - The AI security industry in China is entering a phase of high-quality development, with continuous optimization of the policy environment and ongoing technological innovations [2][3] Group 3: AI Safety Challenges and Solutions - The rapid evolution of large models and intelligent agents has led to new risks such as identity fraud and decision-making failures, necessitating comprehensive safety measures [3][4] - A dual authorization mechanism for user and application interactions was proposed to mitigate privacy and data leakage risks in cloud-based intelligent agents [3][4] Group 4: Industry Collaboration and Standards - The forum initiated the development of the "AI Native Cloud Security Capability Maturity Requirements" standard to provide a quantifiable guide for building AI-native cloud security [5] - Experts from various companies discussed the challenges and solutions in AI security, emphasizing the need for an open and collaborative industry ecosystem [5]

Core Viewpoint - Huawei's HarmonyOS 6.0 represents not just an operating system upgrade but a significant challenge in reshaping the digital ecosystem, moving beyond mere technological prowess to creating a collaborative environment among developers, manufacturers, and users [2][3]. Group 1: Ecosystem Importance - A mature digital ecosystem is a value co-creation community where leaders build infrastructure, developers contribute applications, and users form a scale effect, creating a "lock-in effect" that is difficult to overcome [3]. - The dominance of Apple's iOS and Google's Android is rooted in their successful ecosystems, with Apple's App Store hosting over 2 million apps and generating $1.3 trillion in annual revenue, while Google Play has 286 million apps available [3]. - For HarmonyOS, the path to establishing a competitive ecosystem is long, and it is crucial for China to build a self-sustaining digital ecosystem to gain true digital sovereignty [3]. Group 2: Operating System as a Foundation - The operating system is considered the "soul carrier" and "rule foundation" of the digital world, essential for measuring digital economic strength alongside hardware [4]. - The risks of non-autonomous operating systems have become more pronounced, especially in light of geopolitical tensions, highlighting the need for self-controlled systems for national security [4]. Group 3: Lessons from Past Failures - Previous attempts at domestic operating systems failed due to three main issues: ecological recognition traps, lack of strategic determination, and misalignment with the times [6]. - The failure of past systems like Red Flag Linux illustrates that the competition in operating systems is fundamentally about ecosystem competition, not just technology [6]. Group 4: Differentiation Path of HarmonyOS - HarmonyOS has shifted from "replacement" to "reconstruction" and from "catching up" to "changing lanes," establishing a differentiated path in both technology and ecosystem models [7]. - The system focuses on "Internet of Everything," with innovative features that allow seamless interaction across devices, avoiding direct competition with Android and iOS [7]. Group 5: Developer Ecosystem and Incentives - Huawei has implemented incentive programs like the 100 million yuan Star Plan and 1 billion yuan Tian Gong Plan to stimulate developer engagement, with 66.9% of developers expressing intent to continue in the HarmonyOS ecosystem [8]. - The ecosystem's growth is supported by a combination of policy incentives and technological empowerment, which has successfully crossed the critical threshold for ecosystem initiation [8]. Group 6: Challenges and Shortcomings - Despite significant progress, HarmonyOS still faces challenges such as insufficient application adaptation depth and compatibility issues with certain features, which need to be addressed for broader adoption [9][10]. - The system's stability must improve as it scales, with users reporting issues like data loss and compatibility failures, indicating the need for ongoing refinement [10]. Group 7: The Need for Collaborative Ecosystem - The future success of HarmonyOS depends on evolving from Huawei's "solo performance" to a collaborative "chorus" involving numerous developers and partners, creating a shared ecosystem community [11]. - The establishment of a thriving ecosystem requires transparent rules, shared technology tools, and reasonable profit-sharing models to ensure all participants benefit from the growth [13].

Core Viewpoint - Beijing Wuyi Shijie Digital Twin Technology Co., Ltd. has submitted an application for listing on the Hong Kong Stock Exchange, with CICC and Huatai International as joint sponsors [1] Company Overview - Wuyi Shijie is a digital twin technology company in China, focusing on 3D graphics, simulation, and artificial intelligence [2] - The company provides digital twin solutions across various industries, including urban planning, water resource protection, energy, automotive, transportation, robotics, entertainment, and social media [2] - Founded in February 2015, the company aims to create a 1:1 digital twin of the real world to enhance efficiency, safety, and quality [2] Technology and Market Potential - Digital twin technology generates high-precision virtual replicas of physical objects or systems, allowing users to observe, analyze, and predict behaviors and changes over time [2] - The company identifies five elements (buildings, roads, vegetation, water bodies, and terrain) and five stages (static world, dynamic world, semi-simulated world, fully simulated world, and digital twin world) in creating a digital twin of the Earth [3] Financial Performance - Revenue for the first six months of 2022, 2023, 2024, and 2025 was RMB 170 million, 256 million, 287 million, and 54 million respectively, indicating growth potential in the digital twin market [3] - However, the company has not achieved profitability since its inception, with losses of RMB 190 million, 87 million, 79 million, and 94 million for the same periods [4] - Adjusted net losses were RMB 132 million, 68 million, 43 million, and 67 million respectively, highlighting the need for revenue growth and cost optimization [3][4]

Core Viewpoint - Luckin Coffee has launched a Brazilian-themed coffee season featuring new products and a unique advertising campaign with global ambassadors Liu Yifei and Yi Yangqianxi, creating a buzz around its offerings [1] Group 1: Product Launch - The Brazilian-themed season includes new products such as "Samba Deep Roast Latte" and "Samba Deep Roast Americano" [1] - A total of 25 coffee options supporting deep roast beans have been introduced, adding a vibrant South American flair to the winter menu [1] Group 2: Advertising Campaign - The advertisement features Liu Yifei and Yi Yangqianxi in a quirky narrative involving "Arabica" and "Capybara," which has resonated well with audiences [1] - The combination of high-profile celebrities and a whimsical animal has created a visually appealing and engaging campaign, making "Samba × Capybara" a standout winter symbol [1]

Core Viewpoint - The article discusses the historical significance and cultural evolution of the Sanxingdui site, highlighting its three distinct cultural phases: rise, peak, and decline, which reflect the complex social and technological developments in ancient China [1][17]. Group 1: Historical Phases - The Sanxingdui site experienced three cultural stages: the initial rise during the late Neolithic period, the peak during the Bronze Age, and the subsequent decline leading to the abandonment of the site [1][17]. - The peak phase lasted approximately 500 years, during which the Sanxingdui culture flourished with advanced bronze casting and significant ritual practices [11][14]. Group 2: Archaeological Findings - The site covers an area of about 12 square kilometers and includes various artifacts such as stone, pottery, jade, gold, and bronze, indicating a rich and stable lifestyle [3][19]. - Notable discoveries include large residential structures, intricate jade artifacts, and a variety of bronze items, which suggest a high level of craftsmanship and social organization [6][14]. Group 3: Cultural Significance - The Sanxingdui culture is characterized by unique artistic expressions, including large bronze masks and ritual objects, which reflect the spiritual and social dynamics of the time [1][14]. - The findings at Sanxingdui challenge previous notions of ancient Chinese civilization, indicating that it was a significant center of cultural development in the Sichuan basin [21]. Group 4: Technological and Social Development - The article notes the emergence of specialized labor and early forms of trade, as evidenced by the variety of artifacts and the presence of shell currency, indicating a developing economy [19][20]. - Water management techniques, possibly akin to the Dujiangyan irrigation system, are suggested to have played a crucial role in the urban planning and sustainability of the Sanxingdui civilization [20].

Core Insights - The Chinese asset management industry is undergoing a significant transformation from "guaranteed returns" to "net value rationality" in the context of low interest rates and high market volatility [1][8] - The focus is shifting towards multi-asset and multi-strategy allocation paths to meet the changing wealth management needs of residents [1][3] Group 1: Industry Trends - The low interest rate environment is compressing traditional fixed-income asset yields, prompting a shift from "everything + fixed income" to "fixed income + everything" in asset allocation logic [1][3] - The wealth structure of Chinese residents is changing, with a decrease in the proportion of fixed deposits and an increase in demand for asset management products [3][4] - The collaboration between public funds and bank wealth management is increasing, leveraging the strengths of both sectors to enhance investment strategies [4][5] Group 2: Client-Centric Strategies - The essence of "stability" is subjective and should bridge the gap between professional logic and client perception through product transformation and clear communication [2][6] - The ultimate goal of asset management is not just numerical returns but ensuring clients' "sense of gain" through understanding product logic and managing expectations [6][8] - Financial institutions must focus on providing suitable products for different risk profiles, ensuring that clients can understand and manage their investments effectively [3][7] Group 3: Risk Management and Strategy - Financial institutions are prioritizing risk control and the achievement of certain returns within limited timeframes, especially in a low-yield, high-volatility market [3][7] - The integration of various strategies and the ability to assess their effectiveness is crucial for wealth management firms to meet client needs [4][5] - A comprehensive approach that includes strategy selection, language simplification, and ongoing client support will enhance market recognition and client loyalty [7][8]

Core Insights - The article discusses the concept of the "lipstick effect," which refers to the phenomenon where sales of inexpensive luxury items, like lipsticks, increase during economic downturns as consumers seek small comforts to alleviate stress and anxiety [3][27]. Psychological Mechanisms - The lipstick effect is rooted in psychological mechanisms that drive consumer behavior during tough economic times [2]. - The first mechanism is instant gratification, where consumers purchase low-cost items to quickly satisfy their desire for something new, similar to the comfort derived from eating chocolate during low moods [5]. - The second mechanism is psychological compensation, where individuals feel a loss of control during economic hardships and turn to small purchases to regain a sense of control and balance in their lives [7][9]. Emotional Regulation Strategies - The article provides three strategies for effectively utilizing the lipstick effect to manage emotions: - **Self-pleasure**: Engaging in small purchases can provide emotional comfort and positive psychological reinforcement [12][14]. - **Avoiding overcompensation**: Caution is advised against excessive spending, which can lead to a cycle of anxiety and compulsive buying behavior [15][16]. - **Internal growth**: Focusing on enhancing self-worth and personal value rather than relying solely on material possessions [17][27].