Core Insights - The article highlights that in the past week (December 19 to December 25), over 160 stocks were investigated by institutions, with Lingyi iTech (领益智造) receiving the highest number of inquiries from 107 institutions [2]. Group 1: Company Overview - Lingyi iTech was investigated by 107 institutions, including 33 fund companies, 9 securities firms, 19 private equity firms, and 9 insurance companies [2]. - The company announced it will acquire control of Dongguan Liminda Electronics Technology Co., Ltd. for 875 million yuan [2]. - Liminda is a certified supplier for NVIDIA and has joined the Universal Connector Interchange Alliance led by Intel, enhancing flexibility for data center clients [2]. - Lingyi iTech has also become a core supplier for AMD and Google, positioning itself as a comprehensive supplier covering NVIDIA, Google, Intel, and AMD in cooling and power solutions [2]. Group 2: Market Performance - In the past week, stocks investigated by institutions averaged a nearly 5% increase, with some stocks like Chaojie Co., Guanglian Aviation, and Huasheng Lithium Power rising over 20% [7]. - The average performance of stocks under institutional research indicates a positive market sentiment towards these companies [7]. Group 3: Other Companies in Focus - Pulit (普利特) is focusing on the rapid development of the robotics industry, emphasizing the application of new materials in humanoid robots [4]. - Guangting Information (光庭信息) is collaborating with domestic and international manufacturers to explore AI development paradigms [4]. - SAIC Group (上汽集团) is advancing its solid-state battery production, aiming for mass production by 2027 [5].

Core Viewpoint - The news highlights the launch of investment courses by Li Bei, known as the "Private Equity Witch," aiming to teach ordinary people investment skills with a promise of over 10% annualized returns. The course is priced at 12,888 yuan for four sessions [1][3]. Group 1: Course Details - Li Bei announced a series of four investment courses titled "Starting from 0 to Learn Investment," priced at 12,888 yuan for the complete set, or 3,888 yuan per individual session [1][5]. - The course content includes basic investment knowledge, potential investment options, asset timing, and stock market opportunities and risks [3][5]. - The course is limited to 200 participants and will not be repeated, emphasizing a systematic methodology based on over ten years of experience [5]. Group 2: Li Bei's Background - Li Bei, the founder of Banxia Investment, has 19 years of investment management experience and is recognized as the first female manager of a billion-yuan private equity fund in China [3][6]. - She has a strong academic background, holding degrees from Peking University, and has previously worked in notable investment firms [6][7]. - Li Bei is known for her active presence on social media, sharing bold market predictions, such as the start of a new long-term bull market in A-shares and identifying real estate stocks as a rare opportunity [7]. Group 3: Fund Performance - Banxia Investment has reported impressive fund performance, with two publicly displayed funds yielding 15.61% and 23.17% this year, and cumulative returns of 166.32% and 73.44% respectively [6][7]. - Historical performance shows that one of the funds significantly outperformed the CSI 300 index from 2020 to 2022 but lagged behind from 2023 to 2025 [8].

暗盘交易的本质是一场对赌。 "蘅东光每股190元买断"。近日，随着北交所新股蘅东光中签结果出炉，证券时报·券商中国记者独家获 悉，新股中介贩子开始纷纷报价收购。对于投资者而言，该新股发行定价只有31.59元，如今能卖190 元，相当于发行价的6倍。如果此时愿意出手，也就意味着中一签能提前赚约1.6万元。而新股上市后的 真实收益，则归属于中介：可能赚，也可能亏。 不仅如此，新股中签结果出来前也存在类似报价。仍以蘅东光为例，在其中签情况公布前，有中介就愿 意以"1000万的资金报价万25.5（2.55万）"收购，或者"1050万到1200万的资金报价万26.5（2.65万）"收 购。新股上市后卖出的价款全部归中介。当然，如果没有中签，中介就会亏损。 这就是北交所新股上市前的暗盘交易，已经存在了一段时间。 "北交所新股暗盘交易可能是现金打新的伴生物，高门槛以及新股获配的明确性导致信用较好。如果是 市值打新则是低门槛、散户化及配股摇号，暗盘交易存在的信用基础偏弱。"知情人士向券商中国记者 表示。 溢价超500%！中介在上市前收新股 什么意思呢？"1000万的资金报价万25.5"就是，新股的卖出方用1000万资金去申购 ...

Group 1: Tianchuang Fashion (天创时尚) - Tianchuang Fashion announced a change in control with the signing of a share transfer agreement on December 26, where its major shareholder, Quanzhou Hetian Investment Partnership, will transfer 45.96 million shares (approximately 10.95% of total shares) to Anhui Xianrui Investment Holdings [1] - After the transfer, Anhui Xianrui will hold 83.73 million shares, representing 19.95% of Tianchuang Fashion, while Quanzhou Hetian's stake will decrease from 17.45% to 6.5%, and Hong Kong Gaochuang's stake will decrease from 13.61% to 4.61% [1] - The share transfer price is set at 7.5 yuan per share, totaling 628 million yuan, with Quanzhou Hetian receiving 345 million yuan and Hong Kong Gaochuang receiving 283 million yuan [1][2] - Tianchuang Fashion reported a revenue of 744 million yuan and a net loss of 5.226 million yuan for the first three quarters of 2025 [2] Group 2: Aolian Electronics (奥联电子) - Aolian Electronics announced a change in control on December 26, with its major shareholder, Guangxi Ruiying Asset Management, signing a share transfer agreement to transfer 32.67 million shares (19.09% of total shares) to Tianjin Chaocheng Innovation Technology [4] - The transfer price is set at 630 million yuan, and after the transfer, the controlling shareholder will change to Tianjin Chaocheng, with Zhang Yan as the new actual controller [4] - Aolian Electronics reported a revenue of approximately 324 million yuan and a net profit of 3.329 million yuan for the first three quarters of 2025 [5]

在公告下属全资子公司委托理财出现重大亏损后，圣元环保（300867）于12月27日晚间紧急公告称，控股股东、实际控制人 承诺就基金产品投资本金损失先行补偿。 圣元环保12月27日公告，下属全资子公司于2025年3月认购由基金管理人发行的私募基金产品进行委托理财，认购本金为人民 币6000万元。2025年12月27日，公司收到控股股东、实际控制人朱煜煊与朱恒冰提交的《关于"深博宏图成长1号私募证券投 资基金"产品投资本金损失采取先行补偿的承诺函》。二人作为公司控股股东、实际控制人，郑重承诺：就前述基金产品投资 本金损失先行补偿，最终补偿金额为公司初始投资本金（人民币陆仟万元整）的基础上，扣除届时该基金赎回到账金额和公 司采取相关措施后实际追回的全部款项后的差额。 圣元环保同日公告，公司及相关人员12月27日收到厦门证监局警示函，经查，公司子公司厦门金陵基建筑工程有限公司认购 的私募产品出现重大损失，公司知悉后未及时予以披露。 就在12月26日晚间，圣元环保公告称，公司下属全资子公司委托理财出现重大亏损。公告显示，子公司认购的6000万元私募 基金产品累计亏损达81.54%，亏损金额超过年净利润的10%。公司已采 ...

（原标题：中央纪委国家监委公开通报！） 公开通报。 新疆生产建设兵团第七师123团原党委书记、政委、二级巡视员付强接受可能影响公正执行公务的宴 请，违规收受礼品礼金等问题。2017年1月至2025年2月，付强多次违规接受私营企业主在公司内部食堂 等场所安排的宴请，相关费用由对方支付；多次收受下属和私营企业主所送礼品礼金。付强还存在其他 违纪违法问题，受到撤销党内职务、政务撤职处分。 河南省人民检察院五部原党支部委员、副主任朱永清等人接受可能影响公正执行公务的宴请等问题。 2025年9月10日，在河南省政法系统违规吃喝专项整治期间，朱永清带领检查组赴商丘市开展执法司法 专项检查，当天下午结束对柘城县人民法院的检查后，在法院人员陪同下乘坐公车赴某企业参观、购 物，当晚违规接受法院负责人在酒店安排的宴请并饮酒，相关费用由对方支付；9月13日中午，违规接 受商丘市看守所负责人组织的宴请并饮酒，相关费用由该市某县看守所负责人支付。朱永清受到撤销党 内职务、政务撤职处分，其他责任人员受到相应处理。 河北省衡水市仲裁委原党支部书记、常务副主任、秘书处秘书长高永丰接受可能影响公正执行公务的宴 请，超标准开展公务接待，改变公务 ...

值得一提的是，在公告中，昊志机电特别提示了多重风险。其表示，公司留意到近期市场对于机器人、商业航天的热点概念关注度颇高。现阶段，公司主 轴类产品为公司核心收入来源，与此同时，公司正在积极开拓机器人、商业航天领域的业务，截至2025年9月30日，公司在机器人、商业航天领域的业务 合计占主营业务收入约1%。请投资者谨慎决策，注意投资风险。 在12月25日斩获"20cm"涨停的基础上，昊志机电（300503）12月26日再度大涨7.6%，最新报收46.72元/股。把时间拉长，近三个交易日，昊志机电累计涨 幅超过30%，总市值涨至144亿元。 在股价接连大涨的背景下，12月26日晚间，昊志机电发布股票交易异常波动公告称，公司未发现近期公共传媒报道了可能或已经对公司股票交易价格产生 较大影响的未公开重大信息。此外，公司目前经营情况正常，内外部经营环境未发生重大变化。经核查，公司、控股股东及实际控制人不存在关于公司的 应披露而未披露的重大事项，或处于筹划阶段的重大事项等。 值得一提的是，近期，昊志机电吸引了多家机构投资者前来调研，其中公司机器人业务是投资者关注的重点。 11月27日，昊志机电发布公告称，目前公司机器人业务 ...

Core Viewpoint - *ST XinYuan is seeking to mitigate its delisting risk through a combination of cash donations and debt waivers, while facing multiple challenges that could lead to termination of its listing status [1][3][4]. Group 1: Cash Donation and Debt Waiver - The company announced that it will receive a cash donation of up to 330 million yuan from its industry investor, Beijing SuiRui XinYuan Innovation Technology Center, and SuiRui Technology Group [1]. - This cash donation is unconditional, irrevocable, and will directly enhance the company's financial position without any repayment obligations [1]. - Additionally, the actual controller, Zhu Yesheng, has committed to waive debts amounting to no more than 50 million yuan, which is also unconditional and irrevocable [2]. Group 2: Delisting Risks - *ST XinYuan is currently facing significant delisting risks, including the potential for its stock to be terminated if it fails to resolve issues highlighted in its 2024 financial report [3]. - The company reported a revenue of 68.43 million yuan for the first three quarters of 2025, with shareholders' equity at -55.02 million yuan, indicating a precarious financial situation [3]. - If the audited profit totals, net profit, or adjusted net profit are negative, or if the year-end net assets are negative, the company risks delisting [3]. Group 3: Business Operations and Future Plans - The company is in urgent need of quality business integration to stabilize its revenue sources and ensure ongoing operations [5]. - A restructuring investment plan has been proposed by SuiRui Technology Group and other partners to inject core quality businesses into *ST XinYuan [5]. - The funding for this investment will come from the company's own or self-raised funds, which is expected to have a positive impact on its financial and operational status [5].

Core Viewpoint - *ST XinYuan is seeking to mitigate its delisting risk through a combination of cash donations and debt waivers, while facing multiple challenges that could lead to termination of its listing status [1][2][3][4]. Group 1: Cash Donation and Debt Waiver - The company announced that it will receive a cash donation of up to 330 million yuan from its industry investors, which will be a non-repayable and unconditional gift [1]. - The cash donation is expected to positively impact the company's asset-liability ratio and net assets, but it does not guarantee resolution of delisting risks [1]. - Additionally, the actual controller, Zhu Yesheng, has committed to waive debts amounting to no more than 50 million yuan, which is also a unilateral and unconditional action [2]. Group 2: Delisting Risks - *ST XinYuan is currently under delisting risk warnings due to potential negative financial outcomes in its 2024 annual report, which could lead to termination of its listing if not resolved by the 2025 annual report [2][3]. - The company reported a revenue of 68.43 million yuan for the first three quarters of 2025, with shareholders' equity at -55.02 million yuan, indicating significant financial distress [3]. - If the company fails to successfully restructure, it may face bankruptcy and delisting [4]. Group 3: Business Operations and Future Plans - The company is in urgent need of quality business integration to establish stable revenue sources, as its current business scale and operational support are insufficient [5]. - A restructuring investment plan has been proposed by a consortium, which includes core business injections from related parties, aimed at improving the company's operational capabilities [5]. - The funding for this investment will come from the company's own or self-raised funds, ensuring no adverse effects on its financial and operational status [5]. Group 4: Market Performance - The latest stock price of *ST XinYuan is reported at 8.3 yuan per share, with a total market capitalization of 2.285 billion yuan [6].

用户连续使用拟人化互动服务超过2个小时应当弹窗提醒用户暂停使用 12月27日，国家互联网信息办公室就《人工智能拟人化互动服务管理暂行办法（征求意见稿）》公开征 求意见。 其中提到，提供者应当落实拟人化互动服务安全主体责任，建立健全算法机制机理审核、科技伦理审 查、信息发布审核、网络安全、数据安全、个人信息保护、反电信网络诈骗、重大风险预案、应急处置 等管理制度，具有安全可控的技术保障措施，配备与产品规模、业务方向和用户群体相适应的内容管理 技术和人员。 意见稿提出，拟人化互动服务提供者应当显著提示用户正在与人工智能而非自然人进行交互。提供者识 别出用户出现过度依赖、沉迷倾向时，或者在用户初次使用、重新登录时，应当以弹窗等方式动态提醒 用户交互内容为人工智能生成。用户连续使用拟人化互动服务超过2个小时的，提供者应当以弹窗等方 式动态提醒用户暂停使用服务。提供者提供情感陪伴服务时，应当具备便捷的退出途径，不得阻拦用户 主动退出。用户在人机交互界面或者窗口通过按钮、关键词等方式要求退出时，应当及时停止服务。提 供者下线相关功能或者因技术故障等导致拟人化互动服务无法使用，应当采取提前告知、公开声明等措 施妥善处理。提 ...