1月12日，集度科技(武汉)有限公司、武汉集度汽车服务有限公司、北京集度科技有限公司和北京集度 汽车零部件有限公司庭外重组的第一次债权人会议也将于13时30分和15时30分召开。 极越官方公众号日前发布公告，涉及集度及相关主体预重整第一次债权人会议的具体安排。上海集度汽 车有限公司预重整案第一次债权人会议将于2026年1月12日10时召开。 ...

Core Viewpoint - The report from Nanhua Futures indicates an expected surge in lithium battery exports before the end of April, maintaining a positive outlook on lithium carbonate demand [1] Industry Summary - The long-term growth logic for lithium carbonate demand in three key downstream application areas—energy storage, new energy passenger vehicles, and commercial vehicles—remains fundamentally unchanged [1] - The industry fundamentals continue to support the long-term value of lithium carbonate [1] Price Dynamics - There is a need to be cautious about the rapid increase in lithium carbonate prices and related non-ferrous metal prices, as this may erode the economic viability in the energy storage and commercial vehicle sectors [1] - Such price increases could potentially suppress the elasticity of downstream demand in the short term [1]

Group 1 - The core viewpoint of the article highlights the recent public statement by Yao Shunyu, Tencent's newly appointed Chief AI Scientist, regarding the company's focus on AI model and product development, as well as observations on the differentiation trends within the AI industry [1] - Tencent is characterized as a company with a strong B2C gene, emphasizing the importance of providing more value to users through AI in various scenarios [1] - Yao Shunyu officially joined Tencent in December 2025, taking on the role of Chief AI Scientist and leading the AI Infra and large language model departments, reporting to the company's president and the president of the technology engineering business group [1] Group 2 - Yao Shunyu is recognized as a leading figure in the AI field, particularly in the area of large model "agents," having proposed the well-known ReAct framework and the "Tree of Thoughts" theory, which are foundational to modern large model reasoning and action coordination [1] - The team at Tencent is also considering how to effectively serve its own needs in the B2B space, noting that large companies have advantages over startups in terms of established scenarios and ecosystems [1]

【齐峰新材：通过认购中原前海股权投资基金的基金份额5000万元间接参与摩尔线程、沐曦集成和蓝箭 航天的投资】齐峰新材在互动平台表示，公司全资子公司山东黎鸣股权投资有限公司参与认购了上海金 浦二期智能科技私募投资基金合伙企业（有限合伙）和中原前海股权投资基金（有限合伙），公司通过 认购中原前海股权投资基金（有限合伙）的基金份额5000万元人民币间接参与了摩尔线程、沐曦集成和 蓝箭航天的投资。(智通财经) ...

据北汽集团公众号消息，2025年，北汽集团实现整车销量175.2万辆，同比增长5.6%，自主品牌销量达 107万辆，新能源及国际业务表现亮眼，增速均大幅跑赢行业，创历史新高。 作者丨彭鑫 编辑丨安安 ...

Group 1 - The core viewpoint of the article is that Beijing Automotive Group (BAIC) and Beijing Mobility have launched a pilot operation for the BAIC Arcfox Alpha S (L3 version) on January 10, with plans for gradual rollout to individual users in the second quarter of this year [1] Group 2 - The first batch of vehicles will be deployed in designated areas along the Jing-Tai Expressway, Airport North Line Expressway, and Daxing Airport Expressway [1]

回看蒋伟内幕交易过程，2024年6月26日，蒋伟与相关内幕信息知情人存在联络接触。2024年6月27日至 7月1日，蒋伟控制使用其本人及多个他人证券账户买入相关公司（即"*ST景峰"，下同）股票，内幕信 息公开后全部卖出，共计获利470.97万元。 经查，在2024年6月27日开始买入相关公司股票的同时，蒋伟还建议他人买入相关公司股票。上述违法 事实，有相关公司公告和文件、相关人员询问笔录、证券账户资料、交易流水、银行账户资料及资金流 水等证据证明，足以认定。 无独有偶，另一份行政处罚决定书中涉及的内幕信息同样指向*ST景峰的预重整。赵伟是内幕信息知情 人，其不晚于2024年5月17日知悉内幕信息。 【#最新内幕交易重罚落地#】1月9日，中国证监会同时发布两份行政处罚决定书，对两起内幕交易案件 作出严肃处理。涉案当事人蒋伟、赵伟分别利用上市公司预重整及引入重整投资人的内幕信息，在敏感 期内进行股票交易，合计获利逾647万元，最终被证监会没收全部违法所得，合计罚没金额约2640.38万 元。从行政处罚决定书来看，两起内幕交易均与一家上市公司预重整信息有关。 上海证券报记者根据上述内幕信息的时间点回查获悉，上述预 ...

Core Viewpoint - The performance of Xiaoxiniu has not met previous commitments due to multiple factors including oversupply in the dairy industry, declining consumer demand, and a shrinking liquid milk market [1][2]. Group 1: Company Performance - Xiaoxiniu achieved a revenue of 353.09 million yuan from January to August 2025, representing a 16.48% decrease compared to the same period last year, primarily due to declines in sales price and volume [1]. - The prolonged negotiations regarding the acquisition of 40% of Xiaoxiniu's shares have distracted the former general manager, leading to concerns among stakeholders about future development, which has temporarily impacted overall business performance [2]. Group 2: Market Environment - In the medium to long term, the dairy industry is expected to stabilize and grow due to upgrading consumer structures and increasing health awareness [2]. - The per capita dairy consumption in the western region is only 8.94 kg, significantly lower than the national average, indicating substantial growth potential as urbanization progresses [2]. Group 3: Strategic Acquisition - Xiaoxiniu is a leading enterprise in the Qinghai dairy industry, accounting for over 60% of the province's liquid milk production, positioning it well for future growth as consumption recovers in the western region [2]. - The acquisition aims to integrate Xiaoxiniu's quality milk resources, enhance production capacity in the west, and expand market presence in the northwest, aligning with the company's long-term strategic goals [3]. - Xiaoxiniu has established a strong market presence in Qinghai, and the acquisition will allow the company to leverage its distribution channels to enhance sales of Xiaoxiniu products in the East China region [3].

西式快餐主流连锁品牌均披露了清晰的拓店规划，其中披萨、汉堡作为奶酪用量最大的两大核心品类， 将随门店网络的持续扩张，进一步释放对奶酪原料的稳定需求。目前该细分渠道中外资占据较高市场份 额，公司相关产品正逐步实现国产替代，公司2025年上半年餐饮工业系列收入已超8亿元，保持良好增 长态势。 公司判断，国内奶价上涨需以奶酪行业规模化发展为前提。从国内市场供需格局看，农业农村部、中国 奶业协会等权威机构明确指出，我国奶业长期面临"生产增长与消费提振失衡"的结构性矛盾——近年奶 牛养殖规模化水平持续提升，原奶产量长期保持增长态势，整体产能规模已突破4,000万吨大关；而消 费端持续疲弱，人均乳制品消费量仅为世界平均水平的1/3，以液态奶为主的消费结构单一，奶酪等深 加工产品渗透率低，导致原料奶阶段性供过于求成为常态，奶价自2022年起连续三年下行。 从行业规律来看，乳制品深加工程度越高，越能有效消化奶源增量、带动上游奶价合理回升，本质上是 奶酪等新消费场景拓展对产业链的正向拉动。结合国内实际，预计如果未来国内奶价上涨将是渐进式过 程，不会出现剧烈波动。 即使国内奶价未来有上涨的趋势，但在奶源供应链方面，公司得到了控股 ...

【#万达4亿美元债展期方案获通过#】记者从独立信源处获悉，万达一笔4亿美元债券展期方案获得通 过，该笔债券于2026年2月13日到期，票面利率11%，发行人为万达地产环球有限公司，根据债券展期 方案，展期通过后该笔债券到期日延至2028年2月13日。（智通财经） ...