Core Viewpoint - The recent market for pig iron is showing a stable yet slightly strengthening trend, with prices increasing marginally due to limited supply pressure and improved market sentiment [1] Price Trends - As of January 16, the average daily price of pig iron in China is 2687.73 yuan per ton, reflecting a week-on-week increase of 0.24% [1] Supply and Demand Dynamics - Supply pressure remains low, with some coking enterprises testing price increases, while coke prices have stabilized [1] - However, the upcoming holiday period is expected to dampen demand, leading to a cautious outlook for the short-term pig iron market [1] Market Sentiment - Overall market sentiment is improving, but the anticipated holiday may pose challenges for demand sustainability [1]

Core Viewpoint - Recently, Ganli Pharmaceutical (603087) announced the approval of its insulin glargine injection and pre-filled pen by the Ethiopian National Food and Drug Administration, marking a significant opportunity for the company in the Ethiopian market [1] Company Summary - The insulin glargine product is designed for diabetes patients, characterized by long-acting and stable blood sugar control, requiring subcutaneous injection once daily with a duration of action lasting up to 24 hours [1] - As of September 30, 2025, the company has invested a total of 936 million RMB in research and development for the insulin glargine project [1] Industry Summary - According to the International Diabetes Federation, the estimated number of diabetes patients aged 20-79 in Ethiopia is approximately 2.3 million, with a diabetes prevalence rate of 3.6% in 2024 [1] - While the approval of the drug registration provides a sales opportunity in the Ethiopian market, the company faces uncertainties related to market demand fluctuations, policy environment changes, and exchange rate volatility [1]

Group 1 - The total number of ETF shares increased by 3.73 billion, reaching 33,579.30 billion shares, with a total scale increase of 38.307 billion, amounting to 61,664.52 billion [1] - On January 14 and 15, ETF trading volumes hit record highs of 715.535 billion and 749.244 billion respectively [1] - The Huaan Gold ETF surpassed 100 billion in scale on January 14, becoming the first gold ETF in China to reach this milestone [1] Group 2 - Gold prices have been rising steadily, attracting significant market attention [2] - On January 14, the spot price of gold in London reached a historical high of 4,643 USD per ounce [3] - The AU9999 gold spot trading price set a new record on January 15 [4] - The resource market is expected to show significant structural trends by 2025, with precious metals and industrial metals like copper leading the way [4] - Gold is highlighted as a core asset for risk diversification and inflation hedging, while silver is noted for its dual financial and industrial attributes [4]

1月16日，西贝公关副总裁宋宣离职。其在朋友圈发文表示，自己"10年受恩于西贝、受恩于贾总"。 "100天，全体西贝人没躺平 100天，西贝品宣没躺平 努力还原一个真实的西贝 我爱西贝、也爱贾国龙 此时我还在一线，我永远是西贝人。" （企业回应） (编辑：杨燕 林辰) 真调改、真降价、真涨薪 ...

（药明生物公告） 近日，药明生物发布公告称，子公司药明合联通过花旗向东曜药业发出自愿有条件现金要约，拟收购其 全部已发行股份（特定除外）并注销全部尚未行使购股权，东曜药业股份自2025年12月29日起暂停买 卖，拟于次日恢复。 此次要约每股4港元，较未受干扰日收盘价溢价约99%，较过去30个交易日平均收盘价溢价约114.67%， 较2024年12月31日每股净资产溢价约280.79%。假设要约获全面接纳，最高总代价约31.047亿港元，要 约人拟以内部资源支付。 交易关键条件是获得有效接纳股份使要约人持有不少于60%投票权，主要股东已签署不可撤销承诺。药 明合联为药明生物控股子公司，此次收购可助其拓展产能、丰富项目与客户群，巩固在ADC CDMO领 域地位。 (编辑：杨燕 林辰) ...

Core Insights - VF Corporation's Smartwool brand has opened its first national store in Beijing, marking a strategic move to enhance its product matrix and optimize retail layout in China [1] - The Smartwool brand, established in 1994, specializes in high-quality Merino wool products, including apparel and accessories designed for various outdoor activities such as trail running, hiking, and skiing [1] - The President of VF Corporation's Asia-Pacific region, Matt Wang, highlighted the significant growth potential of the Chinese outdoor sports market and the ongoing prosperity of the consumer ecosystem [1] Company Overview - Smartwool focuses on products made from selected Merino wool, utilizing unique blending techniques and textile craftsmanship [1] - The product range includes short-sleeve shirts, jackets, and various types of socks tailored for outdoor activities [1] Market Strategy - The opening of the Smartwool store in Beijing aligns with the company's strategy to adapt to consumer trends and deepen its market presence in China [1] - The initiative aims to enhance local retail and service experiences, reflecting the company's commitment to the Chinese market [1]

Core Insights - Richemont reported a total sales increase of 11% year-on-year to €6.399 billion for the third quarter of the fiscal year 2026, ending December 31, 2025 [1] Sales Performance by Distribution Channel - Retail channel sales increased by 12% year-on-year [1] - Online sales grew by 5% year-on-year [1] - Wholesale and authorized channel sales rose by 9% year-on-year [1] Sales Performance by Region - Asia-Pacific sales increased by 6% year-on-year, with China market sales growing by 2% in the third quarter [1] - European sales rose by 8% year-on-year [1] - Americas market sales increased by 14% year-on-year [1] - Middle East and Africa sales grew by 20% year-on-year [1] Sales Performance by Department - The jewelry segment, led by Cartier, saw a sales increase of 14% to €4.785 billion [1] - The specialist watchmaking segment reported a sales increase of 7% to €0.872 billion [1]

Core Viewpoint - Chow Tai Fook Jewelry Group is expanding its international presence with the opening of a new flagship store in Bangkok's Siam Paragon, marking a significant step in its brand transformation and internationalization strategy [1] Group 1: Expansion Strategy - The company aims to have over 5,000 stores globally by December 31, 2025, with a market capitalization of approximately HKD 122 billion [1] - The international expansion strategy involves a dual approach of revitalizing existing markets and exploring high-potential new markets [1] - As of the first half of the 2026 fiscal year (April to September 2025), the company has around 60 retail points in international markets, with a nearly 17% year-on-year increase in retail sales in these markets, including duty-free operations in China [1] Group 2: Regional Developments - Chow Tai Fook entered the Southeast Asian market 15 years ago with its first store in Singapore and has since opened a new design store at Changi Airport in November 2025 [1] - The Bangkok store is part of the company's ongoing efforts to establish a new brand image in the region [1] - Plans are in place to enter the Australian market by the end of June 2026, open a new store in Canada, and expand into the Middle East within two years [1]

鹏华基金发布关于鹏华中证工业有色金属主题交易型开放式指数证券投资基金提前结束募集的公告。 （基金公告） 公告显示，本基金于2026年01月15日启动募集，原定募集截止日为2026年01月23日。截至募集首日，基金份额总额与认购户数均已满足基金合同生效的备案 条件。为更好保护投资人利益，基金管理人依据《基金合同》《招募说明书》及《基金份额发售公告》相关约定，经与基金托管人协商一致，决定提前结束 募集，募集截止日由原定的2026年01月23日调整为2026年01月15日，并自2026年01月16日起停止接受认购申请。 ...

近年来，中建智地将深厚的文化内涵融入开发全流程，已经凝练出文化溯源、传世宅园、超极交付三大成熟模块，构建起从 文化挖掘、空间营造到生活兑现的完整闭环。 岁末年初，房企年度综合表现往往是业内关注的焦点。在市场"止跌回稳"的转型关键期，中建智地凭借稳健增长的亮眼业绩， 在一众竞争者中脱颖而出。 据克而瑞统计数据，2025年中建智地成功跻身全国房企排行榜TOP24。尤其在角逐激烈的北京楼市，中建智地更以权益销售额 224.51亿元、成交5847套、成交面积44.28万平的成绩，荣膺2025年北京房企权益销售金额、套数、面积"三冠王"。 | | Y = 完面篇 | | ■ 中 退 智 地 都注美好法 | | --- | --- | --- | --- | | | 2025年1-12月北京房企 | | | | | 相信念都在 | | | | 排名 | 房企名称 | 成交金额(亿元) | | | 11 | 中建智地置业有限公司 | 224.51 | | | 2 | 华润暨地控股有限公司 | 214. 43 | | | 3 | 北京中海新城置业有限公司 | 211.29 | 北京房企销售排名 | | 4 | 北京中海地产有 ...