《告知书》称，得润电子涉嫌信息披露违法违规一案，已由深圳证监局调查完毕，深圳证监局依法拟对 公司作出行政处罚。经查： 公司股票简称将由"得润电子"变更为"ST得润"。 得润电子（002055）2025年12月31日晚间公告，2025年12月31日，公司及相关当事人收到中国证券监督 管理委员会深圳监管局（简称"深圳证监局"）出具的《行政处罚事先告知书》（简称《告知书》）。 结合公司已进行会计差错更正、积极配合调查以及相关款项已捐赠给公司等情节，根据当事人违法行为 的事实、性质、情节与社会危害程度，深圳证监局拟决定： 一、对深圳市得润电子股份有限公司给予警告，并处以700万元罚款； 二、对邱建民给予警告，并处以1200万元罚款（其中作为直接负责的主管人员处以400万元罚款，作为 实际控制人处以800万元罚款），另对邱建民采取5年证券市场禁入措施； 三、对邱扬给予警告，并处以200万元罚款； 四、对饶琦给予警告，并处以150万元罚款。 公告称，根据《深圳证券交易所股票上市规则（2025年修订）》第9.8.1条规定："上市公司出现下列情 形之一的，本所对其股票交易实施其他风险警示：（八）根据中国证监会行政处罚事先告知 ...

Core Viewpoint - The gold and silver prices have experienced significant fluctuations before the New Year, but the Shenzhen Shui Bei gold and jewelry market remains vibrant due to holiday effects and consumer interest in gold jewelry and investment products [1][4]. Group 1: Market Trends - On January 1, the gold price was reported at 1,126 yuan per gram, inclusive of tax, indicating a shift towards a unified pricing system in the Shui Bei market [4]. - Despite high gold prices, consumer demand for gold jewelry remains strong, with purchases for gifts and investments continuing to drive sales [4]. - Silver and platinum prices have also risen, but their popularity still lags behind that of gold jewelry [6]. Group 2: Investment Insights - Investment silver bars have become highly sought after, with reports of shortages and the need for pre-orders due to rising silver prices [7]. - Market data indicates that by 2025, international gold and silver prices are expected to rise by approximately 60% and 150%, respectively, driven by factors such as the Federal Reserve's loose monetary policy and central bank gold purchases [7]. - Major financial institutions, including JPMorgan, predict that by the end of 2026, gold prices could reach $5,000 per ounce, while some analysts forecast even higher prices, with silver potentially reaching $200 per ounce [8].

受益于"六条""科创板八条"等重磅举措的出台，2025年国内并购重组市场展现出前所未有的活力。本文 为《数说2025》并购重组篇，将带您深度拆解国内并购重组的五大趋势。 整体来看，2025年以来，国内并购重组市场呈现五大特征。并购重组效率显著提升，买方对优质资产更 愿意开出好价，央企并购交易总价值创新高，企业"强强联合"趋势显著，传统行业聚焦新质生产力并购 意愿增强，资本市场功能得到有效发挥。 政策密集驱动 并购重组浪潮涌动 2025年以来，政策层面持续"松绑"。5月，中国证监会发布《上市公司重大资产重组管理办法》，深化 上市公司并购重组市场改革。12月初，中国证监会发布的《上市公司监督管理条例(征求意见稿)》则进 一步规范并购重组行为，减少市场争议、稳定市场预期。 在地方层面，支持并购重组的文件也密集出炉。北京发布《助力并购重组促进上市公司高质量发展的意 见》，明确将以并购重组为抓手，精准锚定新质生产力方向，全面驱动上市公司质量提升与首都产业升 级。深圳市印发《深圳市推动并购重组高质量发展行动方案(2025—2027年)》，支持战略性新兴产 业"链主"企业、龙头上市公司开展上下游并购。 2026年是"十五五 ...

Group 1 - DeepSeek has introduced a new architecture called mHC (manifold-constrained hyperconnection) to address instability issues in traditional hyperconnections during large-scale model training while maintaining significant performance gains [1][3] - The research highlights that while hyperconnections have improved performance by diversifying connection patterns, they have also weakened the inherent identity mapping property of residual connections, leading to training instability and limited scalability [3] - Empirical results indicate that mHC effectively supports large-scale training with only a 6.7% additional time overhead when the expansion rate is set to 4, demonstrating its efficiency [3][5] Group 2 - DeepSeek recently launched two official model versions, DeepSeek-V3.2 and DeepSeek-V3.2-Speciale, with V3.2 achieving performance comparable to GPT-5 in inference benchmarks, suitable for everyday tasks [6][7] - The V3.2-Speciale model enhances long reasoning capabilities and combines theorem proving abilities, performing similarly to Gemini-3.0-Pro in mainstream inference benchmarks [7] - DeepSeek has also reduced API costs by over 50%, making it more accessible for developers [7] Group 3 - DeepSeek's research paper on the R1 inference model was featured on the cover of the prestigious journal Nature, marking a significant achievement for Chinese AI technology in the international scientific community [8] - This publication is notable as it is the first mainstream large language model research to undergo complete peer review and be published in a leading journal, breaking a gap in the field [8]

Core Insights - Neuralink, founded by Elon Musk in 2016, plans to launch large-scale brain-machine interface (BMI) operations by 2026, transitioning to nearly fully automated surgeries [1] - The company aims to develop a "full brain interface" that allows seamless connection between biological brains and external machines, potentially addressing neurological diseases and enhancing human cognitive abilities [3] Group 1: Neuralink Developments - Neuralink has completed the world's first human BMI implantation trial by the end of 2023 and has outlined detailed plans for the coming years [1] - The company currently has three products: "Mind Reading" for motor impairment patients, "Blind Vision" for visually impaired individuals, and "Deep" for neurological disorders and pain management [2] - By 2025, Neuralink aims to implant a chip in the speech cortex to decode silent "intent speech," with plans to increase electrode count from 64 to 3,000 by 2026 and further to over 25,000 by 2028 [2][3] Group 2: Domestic Developments in China - China's BMI technology is also advancing, with significant achievements such as the first invasive BMI clinical trial completed by Shanghai Jieti Medical in May 2025 [4] - Multiple institutions, including Tsinghua University and the Beijing Brain Science Institute, are developing their own BMI systems, with clinical trials expected to expand in the coming years [4] - The domestic BMI sector saw 24 financing rounds from January to November 2025, marking a 30% year-on-year increase [6][7] Group 3: Investment Trends - Investment enthusiasm in the BMI field is rising, with over 100 capital firms backing various projects, including Sequoia and Hillhouse [7][8] - Neuralink raised $650 million in its E round of financing in June 2025, achieving a post-money valuation of $9 billion, which is a record for the BMI sector [7] - Government funding is also a crucial financing channel, with initiatives like the "BMI Special Incubation Fund" established in Beijing to support the industry [8]

业内人士指出，对数字人民币钱包余额计付利息后，中国将成为首个为央行数字货币计息的经济体。 2025年12月31日，工商银行、农业银行、中国银行、建设银行、交通银行、邮储银行六大国有行接连发 布公告，自2026年1月1日起，将为数字人民币实名钱包余额按照活期存款挂牌利率计付利息，计结息规 则与活期存款一致。 六大国有行集体官宣 根据六大国有行公告，客户开设的数字人民币实名钱包（包含一类、二类、三类个人钱包和单位钱包） 余额，将按照该行公布的活期存款挂牌利率计付利息。券商中国记者梳理六大行官网发现，当前活期存 款挂牌利率为0.05%。 其中，建设银行、交通银行公告指出，如客户开立的数字人民币钱包为四类个人钱包，则钱包内的余额 不计付利息。 数字人民币大消息！ 董希淼指出，对商业银行而言，数字人民币存款可以成为银行可运用的资金来源，银行商业推广的内在 动力将增强；银行还可以围绕计息数字钱包开发更多存款、理财及信贷产品，进一步打造"支付+金 融"的综合生态。 数字人民币使用场景再拓展 近日，中国人民银行出台了《关于进一步加强数字人民币管理服务体系和相关金融基础设施建设的行动 方案》（简称《行动方案》），新一代数字人民 ...

Group 1 - The U.S. Treasury Department's Office of Foreign Assets Control (OFAC) announced sanctions against four companies operating in Venezuela's oil sector and froze four related oil tankers [1] - Since December 10, 2025, the U.S. has conducted at least three interception operations against oil tankers near Venezuela, claiming to seize crude oil onboard [1] - The U.S. State Department and Treasury announced sanctions against a total of 10 entities and individuals from Iran and Venezuela, citing Iran's ongoing provision of conventional weapons to Venezuela as a threat to U.S. interests [1] Group 2 - U.S. officials stated that Iran is actively proliferating its combat drones and violating UN restrictions while continuing to procure missile-related items [2] - The U.S. military conducted strikes against two so-called "drug boats," resulting in the deaths of five individuals onboard, as part of its ongoing military operations in the region [2] - The U.S. Southern Command has not disclosed the locations of these strikes or provided evidence of drug trafficking activities related to the targeted vessels [3]

来源：商务部网站 答：中方注意到，欧盟近日密集发布CBAM相关立法提案与实施细则，包括设定碳排放强度默认值、计 划扩大产品覆盖范围等内容。其中，欧方无视中国绿色低碳发展取得的巨大成效，对中国产品碳排放强 度设定显著偏高的基础默认值，并将在未来三年内逐年提高，这不符合中国当前实际水平和未来发展趋 势，对中方构成不公平、歧视性待遇。欧方有关做法不仅涉嫌违反世界贸易组织"最惠国待遇"和"国民 待遇"等原则，也有悖于《联合国气候变化框架公约》确立的"共同但有区别的责任"原则。 商务部新闻发言人就欧盟碳边境调节机制有关问题答记者问。 欧方无视历史排放责任、国家发展阶段和技术水平，打着防止"碳泄漏"的气候幌子推行新的贸易保护主 义，将自身碳标准强加于发展中国家，造成气候与贸易治理规则冲突，抬升发展中国家气候行动成本， 严重损害国际社会互信，与各方合作应对气候变化、推进可持续发展的努力背道而驰。希望欧方遵守气 候和贸易相关国际规则，摒弃单边主义、保护主义，保持市场开放，本着公平、科学、非歧视的原则， 促进绿色领域贸易投资自由化便利化。中方愿与欧方相向而行，合作应对全球气候变化挑战，但将坚决 采取一切必要措施，回应任何不公平 ...

Core Viewpoint - The launch of the 2026 Flying Moutai on the iMoutai platform marks a significant shift in Moutai's marketing strategy, emphasizing consumer-centric approaches and market-oriented transformations [10][11]. Group 1: Product Launch and Sales - The 2026 Flying Moutai (53% vol, 500ml) was made available for sale on January 1, 2026, at a retail price of 1499 yuan per bottle, with a purchase limit of 12 bottles per user per day [2][8]. - The product sold out within approximately half an hour of its release, indicating high consumer demand [2][7]. - Starting from January 1, 2026, the iMoutai app will feature a revamped purchasing interface, consolidating previous purchasing options into a unified "iBuy" section [10]. Group 2: Marketing Strategy and Channel Adjustments - Moutai's management has indicated that 2026 will be a pivotal year for market transformation, focusing on product structure, pricing, channels, and service improvements [11]. - The company aims to create a balanced supply-demand relationship and prevent price speculation through controlled daily product releases [10][11]. - Moutai's sales strategy includes both direct sales and wholesale channels, with significant revenue contributions from these segments [11]. Group 3: Industry Insights and Future Outlook - Analysts view Moutai's adjustments as pragmatic and clear, suggesting that a diversified channel ecosystem will better meet consumer needs [12]. - Historical trends indicate that stabilization in sales volume often precedes price improvements, suggesting a potential for Moutai's stock to stabilize as market conditions improve [12].

Group 1 - The core viewpoint of the article highlights the significant growth of the Chinese film industry in 2025, with a total box office of 51.832 billion yuan, representing a year-on-year increase of 21.95% [1] - The number of cinema-goers in urban theaters reached 1.238 billion, marking a 22.57% increase compared to the previous year [1] - Domestic films generated a box office of 41.293 billion yuan, accounting for 79.67% of the total box office [1] Group 2 - The 2025 New Year film season achieved a total box office exceeding 5.3 billion yuan, ranking second in the history of Chinese New Year box office [3] - The characteristics of the 2025 New Year film season included comprehensive genre coverage and diverse themes, showcasing the vibrant energy and potential of the Chinese film market [3] - A total of 51 films surpassed the 100 million yuan box office mark, with 33 of them being domestic productions [4] - The total production of story films reached 511, contributing to an overall film output of 764 [4] - The number of cinema screens in urban theaters increased by 2,219, bringing the total to 93,187 [4] - The rural digital cinema network conducted 801 million public screenings, with approximately 394 million viewers attending [4] - The film industry is experiencing a flourishing creative environment, with a continuous emergence of blockbuster domestic films [4] - The "film+" ecosystem is expanding, stimulating consumption across the entire chain [4] - The film market continues to thrive, with box office records being broken [4] - Advancements in film technology are leading to a more refined industrial system [4] - The international presence of Chinese films is improving in both quantity and quality, enhancing cultural representation [4]