据了解，联讯仪器是国内领先的高端测试仪器设备企业，主营业务为电子测量仪器和半导体测试设备的 研发、制造、销售及服务。公司IPO于2025年8月15日获得受理，当年8月28日进入问询阶段。 本次冲击上市，联讯仪器拟募集资金约17.11亿元，扣除发行费用后，将投资于下一代光通信测试设备 研发及产业化建设项目、车规芯片测试设备研发及产业化建设项目、存储测试设备研发及产业化建设项 目、数字测试仪器研发及产业化建设项目、下一代测试仪表设备研发中心建设项目。 北京商报讯(记者马换换王蔓蕾)2026年科创板首家上会企业来了！1月7日晚间，上交所官网显示，苏州 联讯仪器股份有限公司(以下简称"联讯仪器")科创板IPO将于1月14日上会迎考。 ...

Core Insights - Gaode has upgraded its "Street Ranking" product by introducing "Flying Street View," dynamic lifestyle service rankings, and a friend dynamic feature, aiming to build a "space + content + social" local life service ecosystem [1][3][6] Group 1: Product Upgrades - The upgrades include the launch of the world's first "Flying Street View," which provides realistic navigation and store exploration, enhancing user experience before visiting restaurants or attractions [3][5] - A new dynamic lifestyle service ranking has been introduced, leveraging data from Gaode's 1 billion users and 290 million daily behavior sequences to create seasonal and regional rankings [3][5] - The scope of the rankings has expanded to include various lifestyle interests, generating 1,550 category rankings alongside 6,553 seasonal rankings [5][6] Group 2: Market Positioning and Strategy - Gaode is transitioning from a navigation tool to a comprehensive local life platform, responding to changing user needs and the increasing demand for intelligent local life assistance [7] - The introduction of friend relationships aims to enhance user interaction and trust in consumption decisions, leveraging social attributes to increase user engagement and platform stickiness [6][7] - The competitive landscape of local life services is evolving, focusing on traffic, content, ecosystem, and experience, with Gaode aiming to establish a strong user entry advantage and credible data and recommendation mechanisms [6][7] Group 3: User Growth and Engagement - The user base of the Street Ranking has surpassed 660 million, with Gaode's app gaining 46 million new monthly active users, bringing the total to 996 million [7]

Core Viewpoint - Zhongyuan Bank has received approval from the Henan Regulatory Bureau of the National Financial Supervision Administration for the appointment of Zhou Feng as Executive Director and Vice Chairman, effective from January 4, 2026, until the next board election [2]. Group 1 - Zhou Feng's qualifications as Executive Director and Vice Chairman of Zhongyuan Bank have been officially approved [2]. - The term for Zhou Feng will last until the third board election of the bank, with eligibility for re-election upon term completion [2].

Core Insights - The departure of Gu Mai, a key figure in the makeup business of Shangmei Co., raises concerns about the future development of the NAN beauty brand, despite the company's assurance that operations remain stable [1][2][3] - The NAN beauty brand represents Shangmei's strategic expansion from skincare to makeup, and Gu Mai's management experience was seen as crucial for its growth [2][4] - Concurrently, the main brand, Han Shu, is facing issues related to product safety, which may impact overall brand reputation and financial performance [5][6][7] Group 1: Departure of Gu Mai - Gu Mai's departure is attributed to personal career development, and he will continue to collaborate with the company in other forms [1] - Gu Mai has extensive experience in the beauty industry, having held significant positions at major companies like LVMH and Alibaba [1] - The impact of Gu Mai's exit on NAN beauty's future remains uncertain, although the company claims that the brand's operations are normal and stable [2][3] Group 2: Challenges Facing Han Shu - Han Shu's official live streaming channel on Douyin has been inactive since January 5, raising concerns about the brand's market presence [5][6] - The brand is under scrutiny due to allegations of illegal ingredient additions in its products, which could damage consumer trust and sales [6][7] - Han Shu contributes significantly to Shangmei's revenue, accounting for 81.4% of total revenue in the first half of 2025, with reported earnings of 33.44 billion yuan [6][9] Group 3: Strategic Implications - The recent challenges, including Gu Mai's departure and Han Shu's product issues, pose risks to Shangmei's ten-year strategic plan aimed at achieving 30 billion yuan in revenue by 2030 [8][10] - The company has shown strong financial growth in recent years, but the current situation may hinder its transition from a single-brand reliance to a multi-brand strategy [10][11] - Analysts suggest that acquiring a well-established makeup brand could better align with Shangmei's current development model [11]

这一次，淘宝闪购拉上了微信的盟友。1月7日，北京商报记者从微盟获悉，微盟集团已与阿里巴巴集团 旗下本地生活服务平台淘宝闪购达成战略合作，双方将围绕即时零售、数字营销、技术创新等领域展开 多维业务合作与探索。 淘宝闪购是即时零售赛道的实力选手，微盟是微信私域流量的资深玩家。公私域流量、商家供给资产、 数字化经营能力等资源，是双方"联姻"的推手，也是当下急需补上的短板。 双方各取所需 从微盟和淘宝闪购具体的合作内容来看，双方将进行系统打通和业务协同，在商户资源上实现共享。例 如微盟的商户能高效接入淘宝闪购平台，实现本地零售"到家、到店"一体化运营。 这意味着淘宝闪购将借势获得更多本地生活领域的商家资源。根据微盟2025年上半年的财报数据，使用 微盟SaaS产品等订阅方案服务的商家数量有5.9万家，覆盖本地生活、服饰、快消、美妆等领域。其 中，有1227家品牌商家使用了微盟的智慧零售解决方案服务，这类商家每用户平均订单收入为179元， 具有较强的经营黏性。 和微盟合作，淘宝闪购能快速接入更多沉淀微信私域流量的中腰部商户，尤其是在服务类等非餐领域补 齐供给短板，与美团形成直接竞争。不仅如此，去年7月起，微盟相继打通抖 ...

Core Viewpoint - The mobile game "Goose Duck" is experiencing significant technical issues, leading to user complaints about crashes and connectivity problems, which has resulted in it trending on social media [1] Group 1: Game Performance Issues - Users have reported frequent crashes, lagging, and disconnections while playing "Goose Duck" [1] - The game's publisher, Huya Live, has not provided a response regarding the technical difficulties as of the time of reporting [1] Group 2: Game Background and Launch - "Goose Duck" is a social deduction game developed by Kingsoft's subsidiary, and Huya Live is its exclusive publisher [1] - During the Q3 2025 financial report, Huya Live announced that "Goose Duck" had surpassed 10 million pre-registrations during its testing phase [1]

Core Viewpoint - The company "爷爷的农场" has submitted its listing application to the Hong Kong Stock Exchange, showcasing strong revenue and profit growth, but also significant marketing expenditures and a high dividend payout prior to the IPO [1][3][9]. Financial Performance - In 2023, the company reported revenue of approximately 622.4 million RMB, with a net profit of about 75.5 million RMB. For 2024, revenue is projected to reach 875.3 million RMB, with a net profit of around 103 million RMB. In the first three quarters of 2025, revenue was approximately 780 million RMB, up from 633.2 million RMB in the same period of 2024, with a corresponding profit of about 87.4 million RMB [2][3]. Product Segmentation - The company's product categories include infant complementary food and family food. The revenue share from infant complementary food has decreased from 93.1% in 2023 to 80.4% in the first three quarters of 2025, while family food's share has increased from 6.9% to 19.6% during the same period [4]. Marketing and Sales Expenditure - The company has significantly increased its sales and distribution expenses, totaling approximately 790 million RMB over the reporting periods, which represents 32.3% to 36.3% of total revenue. As of the end of the third quarter of 2025, 72.97% of the company's 640 full-time employees were in sales and marketing roles [6][7]. Research and Development Spending - The company's R&D expenditures have been relatively low, amounting to 0.18 billion RMB, 0.28 billion RMB, and 0.17 billion RMB over the reporting periods, which are significantly lower than sales expenses, indicating a focus on marketing over product development [7]. Dividend Distribution - Prior to the IPO, the company distributed dividends totaling 63 million RMB in the first three quarters of 2025, which accounted for approximately 72.07% of the net profit for that period [9]. Production and Quality Control - The company outsources nearly all of its product manufacturing to third-party OEM manufacturers, raising concerns about production quality and potential reputational risks if issues arise with the outsourced products [10].

Core Viewpoint - The air conditioning industry is shifting from incremental expansion to optimizing existing stock, driven by rising copper prices and intense price competition, pushing companies to make strategic choices [1] Group 1: Industry Trends - The air conditioning market is experiencing a transition where the demand for replacement units is expected to exceed 60% in 2024, indicating a shift towards a stock replacement model [1] - The cost of copper, which constitutes 15%-20% of air conditioning costs, has surged, with prices expected to exceed 90,000 yuan per ton by the end of 2025, reflecting a year-on-year increase of over 35% [1] - The copper-to-aluminum price ratio has reached 3.9:1, prompting companies to consider alternatives like aluminum to reduce costs, although this option is not yet mature for widespread adoption [4][6] Group 2: Competitive Landscape - The air conditioning market is witnessing a bifurcation, with online sales growing by 9.48% and 11.41% in revenue and volume respectively, while offline sales are declining by 10.25% and 8.14% [6] - The average price of online air conditioners has decreased by 1.73% to 2,688 yuan, while offline prices have dropped by 3.05% to 4,174 yuan, indicating a general trend of price reduction across channels [6] - Major brands are under pressure to maintain market share amidst rising competition, leading to aggressive pricing strategies, particularly in the second half of 2025 [7] Group 3: Company Performance - Gree Electric's revenue for the first three quarters of 2025 was 137.18 billion yuan, a decline of 6.5% year-on-year, with net profit dropping by 2.3% to 21.46 billion yuan [9] - The company has faced challenges from increasing market demand for cost-effective products while needing to maintain high profit margins, resulting in a decrease in market share [9][10] - Competitors are leveraging digital transformation and price competitiveness to gain market share, with some internet brands achieving rapid sales growth through extended warranties and new factory production [10]

国新能源表示，公司已就本次业绩预告事项与年审会计师进行了预沟通，双方不存在重大分歧。2025年 度公司业绩出现亏损，主要受行业周期波动、市场环境变化等因素影响。 北京商报讯（记者 马换换 王蔓蕾）1月7日晚间，国新能源（600617）披露公告称，经公司财务部门初 步测算，预计2025年度归属净利润为负值，公司2025年度经营业绩将出现亏损。 ...

交易行情显示，1月5日—1月7日这三个交易日内， *ST阳光接连斩获三个涨停板。截至1月7日收盘，公 司股价收于涨停价3.05元/股，总市值22.87亿元。 *ST阳光表示，公司于1月7日收到控股股东京基集团的通知，获悉其正在筹划有关公司控制权变更事 宜，该事项可能导致公司控股股东、实际控制人发生变更。目前，各方主体正在就具体交易方案、协议 等相关事项进行论证和磋商，具体情况以各方签订的相关协议为准。 北京商报讯（记者 马换换 王蔓蕾）在二级市场接连斩获三个涨停板后，1月7日晚间，*ST阳光 （000608）披露了筹划易主的公告。因筹划控制权变更事项，公司股票自1月8日起停牌，预计停牌时间 不超过2个交易日。 ...