Core Insights - The CEO of Yonghui Supermarket, Wang Shoucheng, issued a New Year letter reflecting on the company's past mistakes and apologizing for deviating from its original entrepreneurial spirit in pursuit of scale [1][2] - Yonghui Supermarket announced a projected net loss of 2.14 billion yuan for 2025, representing a 45.6% increase in losses compared to the previous year [2] Group 1: Company Strategy and Performance - In 2025, Yonghui Supermarket plans to close nearly 400 low-quality stores and focus on systematically renovating over 300 existing stores, aiming for growth in both customer traffic and sales [1] - The company distributed nearly 50 million yuan in profit bonuses to employees in 2025 [1] - The major reasons for the projected losses include significant strategic adjustments, with 315 stores undergoing deep modifications and 381 stores being closed due to misalignment with future strategic goals [2] Group 2: Financial Impact of Store Adjustments - The financial impact of store adjustments includes approximately 910 million yuan in asset write-off losses and one-time setup costs [2] - Estimated gross profit losses due to store closures and renovations are around 300 million yuan [2] - The costs associated with closing 381 stores include asset write-off losses, employee severance compensation, and lease-related penalties [2]

南都记者多方了解到，智元机器人正推进将旗下四足机器狗业务拆分为独立的子公司。此前1月中旬， 智元已完成灵巧手业务的拆分，以"临界点"的品牌独立运营。 李一言此前接受投中网采访时说："擎天租这个平台本身将是完全独立融资、独立上市的。" 公开信息显示，临界点由智元董事长、CEO邓泰华担任法定代表人，公司CTO（首席技术官）熊坤是前 腾讯Robotics X实验室的核心成员，于2024年11月加入智元并负责灵巧手业务。 智元方面对于有关拆分机器狗及灵巧手业务的具体商业考量，目前未予回应。实际上，机器狗及灵巧手 此前并不在智元的核心业务范畴。公司确立的三大核心业务线分别为远征、精灵和灵犀，机器人产品形 态涵盖全尺寸与小尺寸、双足与轮式等。 除了拆分部分已有业务，智元也在近期出资设立新公司，开拓新的业务模式。天眼查显示，2025年12 月，智元出资设立机器人租赁平台擎天租，并作为后者的控股股东，持股55%。 2026年1月中旬，擎天租宣布完成种子轮融资，由高瓴创投领投，复星创富、慕华科创、大丰基金等参 与投资。擎天租目前由智元合伙人、营销服总裁姜青松出任董事长，飞阔科技创始人李一言担任CEO， 前饿了么副总裁陈艳霞出任 ...

2月11日，广东金融监管局发布2025年广东保险业发展数据：辖内（不含深圳）全年实现保费收入5700 亿元，同比增长6.68%；全年累计赔付支出2184亿元，同比增长8.82%。 在规模稳健增长的同时，行业结构持续优化，保险作为经济"减震器"和社会"稳定器"的功能有力发挥， 为广东经济大省挑大梁注入强劲金融动能。 保险资金通过股票、债券、股权等形式投资广东超800家科技企业，余额超2000亿元。有效破解科技企 业"高投入、高风险、轻资产"的融资困境，让创新活力充分涌流。 织密民生保障网： 商业养老年金保险规模超200亿 面对人口老龄化挑战，广东养老金融试点项目交出全国品类最多、规模最大的答卷。截至2025年末，辖 内养老金融累计为超2100万群众积累1200亿元养老资金，同比增速8.37%。其中，商业养老年金保险规 模突破200亿元，积累风险准备金超790亿元，成为第一、第二支柱的重要补充。 "银龄安康"政策性意外保险覆盖1277万老年居民，为银发群体撑起保护伞；政策性长期护理险在广州、 梅州推广，破解"一人失能、全家失衡"难题。 赋能新质生产力： 7.44万亿风险保障护航创新 在广东打造科技创新高地的进程中 ...

Core Viewpoint - The 2026 APEC meeting in Guangzhou marks China's third time hosting the event, reflecting the evolution of China's foreign policy and its commitment to multilateralism and regional cooperation [1][2][7]. Group 1: APEC Hosting and Themes - China has previously hosted APEC in 2001 and 2014, contributing significantly to regional integration through the Shanghai Consensus and Beijing Action Plan [2]. - The theme for this year's APEC is "Building a Community of the Asia-Pacific and Promoting Common Prosperity," focusing on "openness, innovation, and cooperation" [2][6]. Group 2: Strategic Evolution - The evolution of APEC themes reflects China's changing role from a participant to a leader in regional cooperation, emphasizing institutional openness and comprehensive community building [3][7]. - Key highlights of this strategic shift include moving from "participation" to "leadership," from "factor openness" to "institutional openness," and from "economic cooperation" to "comprehensive community" [3]. Group 3: Guangdong's Role - Guangdong is positioned as a frontline for China's opening-up strategy, transitioning from a manufacturing base to a hub for innovation and high-level openness [5][10]. - The province's development includes establishing platforms like the Guangdong-Hong Kong-Macao Greater Bay Area and Free Trade Zones, enhancing its role in cross-border trade and services [5]. Group 4: Opportunities from APEC - The APEC meeting is expected to provide Guangdong with comprehensive upgrade opportunities, transforming it from a regional economic center to an Asia-Pacific cooperation hub [10]. - It will facilitate Guangdong's alignment with international standards in trade facilitation, digital economy, and intellectual property, while also attracting global innovation resources [10]. Group 5: International Engagement - Guangdong has increasingly hosted international events, enhancing its role as a significant platform for China's diplomatic engagement and showcasing its internationalization [9][10]. - The province's infrastructure and experience in hosting large-scale events position it well to facilitate APEC meetings and promote cultural exchanges with other Asia-Pacific nations [8][9].

Core Insights - The white liquor market is entering a traditional peak season ahead of the Lunar New Year in 2026, with significant marketing efforts from major liquor companies and notable price fluctuations observed in various products [1][5]. Group 1: Market Trends - The sales of white liquor are showing a clear recovery signal, driven by demand for gifting and social gatherings, which is alleviating some inventory pressure in distribution channels [14]. - The price dynamics are notably diverse, with Moutai leading a price rebound, while other high-end and mid-range brands experience frequent price fluctuations due to competitive pressures [14]. - The overall market sentiment indicates a trend of "the strong getting stronger," with Moutai's performance serving as a bellwether for the entire price range [14]. Group 2: Price Movements - In Guangzhou, the average price of the "Inner Reference" product from Jiu Gui Jiu has seen the largest decline, dropping approximately 32 yuan to around 777 yuan, while Moutai's price increased from 1718 yuan to 1811 yuan, marking a rise of about 93 yuan [4][3]. - In Shenzhen, Moutai's retail price surged to an average of 1835.28 yuan, reflecting an increase of approximately 101 yuan compared to the previous period, influenced by high demand [9]. - Other products such as "Dream Blue M6+" and "Ancient Well Tribute Wine" also experienced price increases, while some mid-range products like "Green Flower Fen Wine" saw slight declines [10][11]. Group 3: Consumer Behavior - The upcoming extended holiday period is expected to stimulate social drinking demand, providing a boost to the market [5]. - The price stability and occasional increases in certain products indicate a healthy interaction between brand strength and market dynamics, with promotional activities on online platforms affecting price variations across different sales channels [14].

Core Viewpoint - The Huizhou government has announced ten key livelihood projects for 2026, focusing on the renovation of old residential communities and elevators, with plans to upgrade at least 90 old communities and replace no less than 570 elevators that are over 15 years old [2] Group 1: Elevator Renovation Policy - The 2026 policy aims to enhance the safety and operational standards of elevators that are over 15 years old, particularly those with significant safety risks and high failure rates [2] - The subsidy program for elevator updates will be in its third year, targeting elevators that have been in use since before January 1, 2011 [3] - The policy includes a differentiated subsidy based on the number of floors served by the elevator, with specific amounts allocated for different height categories [4] Group 2: Subsidy Standards - The subsidy amounts are set as follows: CNY 100,000 per unit for elevators serving 9 floors or fewer; CNY 150,000 for those serving 10 to 18 floors; and CNY 200,000 for elevators serving 19 floors or more [5] - The definition of the number of floors covered by an elevator is clarified, impacting the subsidy eligibility [5] Group 3: Application Process - The application for subsidies requires three main documents, including a project situation report and a funding application report, to be submitted in both electronic and paper formats [6] - The submission period for applications starts on February 12, 2026, and ends on February 24, 2026 [6]

Core Insights - The 2026 Zhuhai government work report outlines key objectives for the "15th Five-Year Plan," focusing on economic development, talent attraction, and integration with the Guangdong-Hong Kong-Macao Greater Bay Area [2][4]. Economic Development - In 2025, Xiangzhou District achieved a GDP of 202.33 billion yuan, with a year-on-year growth of 2%, contributing the highest growth rate among all districts in Zhuhai [5]. - The total number of market entities reached 211,300, with nearly 2,000 new additions, and the number of large-scale service enterprises surpassed 2,000, with a value-added growth of 7% [5]. - R&D investment in the district amounted to 7.72 billion yuan [5]. Social Welfare - Nine major categories of social welfare spending totaled 6.281 billion yuan, accounting for 85.9% of the general public budget [6]. - The per capita disposable income of residents exceeded 80,000 yuan for the first time, marking a 3% increase, the highest in the city [6]. Regional Attractiveness - Xiangzhou attracted 243 new projects, including 31 projects with over 100 million yuan in investment, and actual foreign investment reached 4.91 billion yuan [6]. - The district's tourism sector saw 29.47 million visitors, generating a total tourism revenue of 33.42 billion yuan, reflecting growth rates of 14.5% and 12.9% respectively [6]. Development Goals for the "15th Five-Year Plan" - The district aims to achieve high-quality development, breakthroughs in reform and opening up, and significant progress in the Greater Bay Area construction [7]. - Key targets include improving living standards, enhancing spiritual civilization, and building a safer Xiangzhou [7]. Strategic Initiatives - The district plans to address three major challenges: transitioning from old to new growth drivers, reshaping urban development patterns, and ensuring high-level social welfare with limited financial resources [8][9]. - The "One Body, Two Wings, Three Belts" development framework will be implemented to strengthen core functions and promote regional collaboration [8]. Consumption and Branding - Xiangzhou is developing into a new consumption center, integrating high-end retail and cross-border consumption, supported by a logistics system linked to the Greater Bay Area [11]. - The district promotes local products under the "Xiangzhou Good Goods" brand, featuring a variety of innovative and traditional products [11]. Talent Attraction - Xiangzhou is positioned as a desirable location for talent and entrepreneurs, emphasizing its ecological environment, development potential, and strong social support systems [13][15]. - The district is actively seeking partnerships with businesses and talents to foster a collaborative development environment [15].

Core Insights - The article discusses the key developments and future goals of Zhuhai as it enters the "15th Five-Year Plan" period, emphasizing the importance of building on the achievements of the "14th Five-Year Plan" [2] Economic Development - The Zhuhai government work report outlines ten key areas for economic and social development, including promoting the Guangdong-Hong Kong-Macao Greater Bay Area, developing new productive forces, and integrating education, technology, and talent [2] - In 2025, the GDP of Wanshan District achieved double-digit growth, with five major indicators, including fixed asset investment and retail sales, ranking first in the city [4] Tourism and Marine Economy - Wanshan District has focused on enhancing its island tourism, attracting nearly 2 million visitors and generating over 2 billion yuan in tourism revenue, a 30.9% increase year-on-year [4][5] - The district is advancing its marine economy by establishing a leading deep-sea intelligent aquaculture cluster and entering new sectors such as low-altitude economy and marine testing [5] Future Goals - The district aims to achieve a GDP of 10 billion yuan during the "15th Five-Year Plan" and establish itself as a high-quality development hub for marine economy and international leisure tourism [6] - Key initiatives include upgrading tourism quality, strengthening the marine fishery sector, and enhancing technological and infrastructural support [7] Cultural Promotion - The district promotes its local products, particularly the "Wanshan Golden Pomfret," and plans to host various cultural and tourism activities during the Spring Festival to attract visitors from Hong Kong and Macau [9]

2月10日，南方日报记者从广东省工业和信息化厅获悉，2025年全省超高清视频产业集群营业收入达 10803.06亿元，成为全省第十个万亿级产业集群、全国首个该领域的万亿级产业集群，为广东现代化产 业体系再添新支柱。 超高清视频不仅是一个独立的产业，更是连接和推动5G、人工智能、虚拟现实等技术发展的核心纽 带。然而在相当长一段时间里，"缺芯少屏"是我国电子信息产业之痛，显示面板一度成为第四大进口商 品。 而今，从打破吉尼斯纪录的"飞天屏"，到闪耀国际赛事的"奥运屏宇宙"，"广东造"高清屏实现了全球领 跑，其背后是产业链从"受制于人"到"自主可控"的艰辛突围。 广东超高清视频产业何以能在全国率先突破万亿？答案在于其独特的产业发展逻辑。 广东拥有全国最大的面板生产基地，TCL华星、惠科等龙头企业在全球显示面板市场占据重要地位；创 维、康佳等终端品牌深耕多年，市场影响力持续扩大；海思半导体、安凯微电子等芯片设计企业在关键 核心环节不断突破。这种"面板+芯片+终端+内容"的完整产业链布局，形成了强大的产业集聚效应和协 同创新能力。 这种由龙头企业牵引、中小企业配套、上下游协同的集群生态，正是广东超高清视频产业能够快速做 ...

2月11日，三大指数涨跌不一，截至收盘，上证指数涨0.09%，深证成指跌0.35%，创业板指 跌1.08%。资金活跃度降低，沪深两市成交额跌破2万亿，较上一个交易日缩量1213亿元。 距离2026年农历春节休市安排仅剩下2个交易日，持股，还是持币？多数机构对"史上超长九 天春节假期"给出持股过节建议。 对于节后A股行情，私募排排网调查问卷结果显示，69.23%的私募持乐观态度，认为春节前市场整固较 为充分，节后A股有望企稳向上，重启升势；21.15%的私募持中性态度，认为市场多空因素交织，节后 指数仍有整固需求，重点关注结构性机会；9.62%的私募持谨慎态度，认为市场结构性估值泡沫仍偏 多，节后市场主要股指和个股赚钱效应可能回落。 天风证券分析认为，今年的春季行情可能会强化。无论是"十五五"开局之年的政策预期、全球流动性宽 松前景，还是居民资金向权益资产配置的趋势，都可能强化节后市场上涨的可能，今年的春节行情或更 持续。况且，今年受"史上超长九天春节假期"的影响，消费需求释放明显早于往年，出行与消费规模有 望再突破，市场对经济"开门红"的预期或更稳定。 中国银河证券表示，春节假期后，随着政策窗口开启、风险偏好 ...