Core Viewpoint - The current liquor industry, particularly the baijiu sector, is undergoing a deep adjustment period, which presents both challenges and opportunities for companies like Wuliangye [1]. Group 1: Market Research and Strategy - Wuliangye Group's Chairman, Zeng Congqin, led a market research initiative in cities such as Hanzhong, Xi'an, Yinchuan, and Lanzhou [1]. - The company aims to scientifically balance five key relationships: "short-term and long-term," "supply and demand," "existing and incremental," "co-construction and sharing," and "development and safety" [1]. Group 2: Collaboration and Support - Wuliangye emphasizes the importance of working closely with distributors to create a shared destiny and mutual success [1]. - The company is committed to optimizing policies and enhancing service capabilities to ensure that core products maintain a balance between volume and price [1]. Group 3: Focus on Distributor Returns - Wuliangye is dedicated to ensuring that distributors receive reasonable returns, aiming to foster a harmonious and symbiotic relationship within the industry [1].

Core Insights - The 17th Entrepreneur Annual Conference, hosted by Chuangye Heima, focused on the theme "Intelligent Revolution - Crossing the Gap to Become a New Species," gathering AI industry companies, unicorns, and passionate entrepreneurs to create a collective leap in business civilization [1] Group 1: AI Community Initiatives - Chuangye Heima launched nine AI communities, including Embodied Intelligence Community and Medical AI Community, aiming to bridge academia and industry, facilitating the commercialization of AI technologies [3] - The establishment of the Global AI Young Scientist Community was initiated by Chuangye Heima's founder and several young scientists from prestigious universities, emphasizing the importance of AI in future scientific advancements [2] Group 2: Recognition and Awards - The conference announced the "2025 Annual Investors" and "2025 Annual Entrepreneurs," recognizing key figures in the investment and entrepreneurial sectors, highlighting their contributions to the AI landscape [4] - The "2025 Annual AI Investors" list was also revealed, showcasing influential investors who are shaping the AI investment landscape [9] Group 3: Industry Insights and Trends - Investors discussed the evolving AI investment landscape, emphasizing the importance of practical applications over mere technological advancements, with a focus on sectors like Physical AI and AI+Healthcare [6][11] - The potential of commercial space and embodied intelligence was highlighted, with predictions of significant growth in these areas over the next five years [7][10] Group 4: Entrepreneurial Strategies - Entrepreneurs were advised to focus on real scenarios and user experiences, avoiding the pitfalls of overvaluation and blind pursuit of trends, while maintaining a balanced approach between optimism and caution [6] - The importance of integrating AI into traditional industries was emphasized, with examples of companies successfully transitioning to tech-driven models during challenging times [7][12] Group 5: Debates and Discussions - A debate on whether technology determines scenarios or vice versa provided insights into the dynamic relationship between technological advancements and market needs, highlighting the necessity for both to evolve together [14]

根据《深圳证券交易所创业板股票上市规则》，如根据正式的处罚决定书结论，公司触及重大违法强制 退市情形，公司股票将被终止上市，公司股票于2025年12月29日（星期一）起被叠加实施退市风险警 示。 公告显示，公司2021年、2022年、2023年年度报告存在虚假记载，2021年至2023年年度报告分别虚增营 业收入21,532.38万元、28,373.66万元、23,363.46万元，占当期对外披露营业收入的9.12%、17.57%、 19.51%；虚增利润总额5,640.14万元、6,337.52万元、4,370.50万元，占当期对外披露利润总额绝对值的 35.62%、88.23%、6.42%。同时，由于2022年对长江伟创中药城交易中心工程项目未合理确认损失，导 致公司2022年年度报告虚增利润总额455.24万元，占当期对外披露利润总额的6.34%。 近日，长江医药发布公告称，公司及相关人员因涉嫌定期报告等财务数据虚假记载，被中国证监会立案 调查。 ...

作为深圳新房单价新纪录保持者，中信城开信悦湾此次推售房源涵盖302㎡、370㎡大平层及顶层复式， 备案单价区间17.6万~38万元/㎡，均价24.4万元/㎡。项目占据深圳湾文化走廊核芯，毗邻深圳歌剧院， 坐拥三面环海的一线海景资源。 整体去化率超80%。 12月28日下午，深圳湾核心区顶豪项目中信城开信悦湾开盘，据悉，开盘后两小时内销售金额即突破 100亿元，整体去化率超80%。 ...

三是让服务更"优"，要增强消费体验，为消费者提供更好的情绪价值，不断增强消费黏性，并构建综合 性防伪技术体系，持续保护消费者合法权益、维护茅台品牌形象；要加强渠道生态韧性，帮助渠道商提 升专业化运营能力，同时激发营销队伍活力，持续健全完善绩效考核机制，激发大家干事创业的动力和 活力。 茅台集团党委副书记、总经理，茅台酒股份公司党委副书记、代总经理王莉就更好推进2026年茅台酒市 场工作，切实以消费者为中心做好市场化改革强调了三点意见。 一要让产品更加适配消费需求。坚持以消费者为中心，从需求端出发，进一步优化产品结构和价格体 系，努力确保价格稳、市场稳，一方面，要促进以需求为驱动的供需适配，优化调整产品结构，更好地 满足消费者的不同需求；另一方面，要推动以市场为中心的供需平衡，深入研究市场和消费者反馈，解 决好消费者公平、便捷、保真的购酒需求，确保供需、量价相对平衡，市场相对稳定。 近日，贵州茅台（600519）官方公众号发布2026年贵州茅台酒全国经销商联谊会在贵阳召开的消息。当 中披露，此次召开的2026年贵州茅台酒全国经销商联谊会，不仅是一年一度复盘全年市场工作的收官总 结会，也是贵州茅台酒全国经销商联谊 ...

Core Insights - 2025 is anticipated to be a significant year for China's gaming market and the "going global" trend, with a notable increase in the number of game approvals, reaching 1,676 titles, a 28.33% increase from 2024 [1] - The trend of multi-platform game approvals is rising, with 103 titles approved for multiple platforms in 2025, marking a 9.57% increase from 2024 [1] Group 1: Multi-Platform Game Development - Major companies are increasingly applying for game approvals across multiple platforms, including client and console versions, as seen with Tencent's "Honor of Kings World" and Perfect World's "Yihuan" [2] - Multi-platform games are contributing to revenue growth for listed companies, with Tencent's "Delta Action" and NetEase's "Yanyun Sixteen Sounds" achieving significant player engagement and sales [2] Group 2: Revenue Trends in Gaming - The client game market is experiencing a strong recovery, with sales revenue reaching 78.16 billion yuan in 2025, a 14.97% increase, while the console game market is growing rapidly with a revenue of 8.362 billion yuan, an 86.33% increase [3] - The rise of multi-platform games is attributed to broader player coverage and increased confidence in high-quality game production, particularly following the success of "Black Myth: Wukong" [3] Group 3: Channel Revenue Sharing Dynamics - The revenue-sharing model with distribution channels is becoming increasingly contentious, with Android channels taking up to 50% and Apple around 30%, impacting profit margins for game developers [4] - High distribution fees are prompting developers to explore alternative channels, with many opting to withdraw from Android platforms to mitigate costs [4][5] - The emergence of lower-cost client platforms is seen as a strategic response to high mobile game distribution fees, indicating a potential shift in the market dynamics [5]

截至2025年三季度末，第一支柱方面，中国人寿集团旗下养老险公司为超750亿元基本养老保险基金提 供投资管理服务，特定投资组合规模和业绩排名前列，实现基金保值增值；第二支柱方面，中国人寿养 老险公司企业年金和职业年金管理累计规模超2.1万亿元，管理资产总规模稳居行业首位；第三支柱是 养老金融发展的突破口，中国人寿集团成员单位广发银行个人养老金资金账户开户量超340万，个人养 老金产品数量超220只。截至2025年三季度末，广发银行新发放养老产业贷款20.2亿元，养老产业贷款 余额达24.8亿元。 同时，"国寿嘉园"是中国人寿集团旗下国寿健投公司着力打造的专业养老运营品牌。目前，国寿嘉园养 老社区已推出养老综合体、城郊CCRC养老社区、城心精品养老公寓等多个产品线。 其中，国寿嘉园·苏州雅境是中国人寿推出的第一个高品质养老综合体，集"健康文化、养老康复、活力 养生、颐养天年"四大功能于一体，致力于为老人打造幸福颐养"嘉"园。 城郊CCRC养老社区目前已在北京、天津、成都、厦门等城市重点布局，依托所在城市区域特征打造各 自特色，能够覆盖自理、半自理、护理、失能失智人群的全龄养老需求。 12月29日，据中国人寿消息 ...

12月29日，《中共甘肃省委关于制定国民经济和社会发展第十五个五年规划的建议》发布。 实施房屋品质提升工程和物业服务质量提升行动。建立房屋全生命周期安全管理制度。 其中提到，推动房地产高质量发展。加快构建房地产发展新模式，完善商品房开发、融资、销售等基础 制度，形成供应体系健全、要素配套合理、监管制度规范、行业经营稳健的房地产发展新格局。优化保 障性住房供给，满足城镇工薪群体和各类困难家庭基本住房需求。有序推进"好房子"建设，持续满足居 民改善性住房需求。结合推进新型城镇化，完善农业转移人口住房消费支持政策。实施房屋品质提升工 程和物业服务质量提升行动。建立房屋全生命周期安全管理制度。 ...

Core Viewpoint - Lingnan Holdings is committed to exploring new multi-industry integration, focusing on the fusion of tourism, hotels, and other sectors to cultivate new economic growth points and promote the development of integrated business models [1] Group 1: Business Strategy - The company aims to develop new products, services, and scenarios that emphasize cultural and tourism integration, enhancing brand leadership and customer satisfaction [1] - Lingnan Holdings plans to create new themed cultural and tourism products that include shopping, dining, sports, health care, marine activities, ice and snow experiences, and educational travel [1] Group 2: Financial Performance - For the period from January to September 2025, Lingnan Holdings achieved a revenue of 3.414 billion yuan, representing a year-on-year increase of 4.40% [1] - The company reported a net profit attributable to shareholders of 66 million yuan, which reflects a year-on-year decline of 51.52% [1]

近日，海澜之家与阿迪达斯宣布达成深度战略合作，双方将联合构建开放、互补、可持续的"体育+"生 态圈，以"商业向善"为核心导向，通过资源整合实现赛事运营、产品共创、公益行动等多维度协同，助 力中国体育事业发展。 （海澜集团微信公众号） 产品共创方面，双方推出融合东方美学与运动基因的合作纪念版卫衣，产品兼顾功能性与日常场景适配 性，已通过海澜之家及阿迪达斯部分门店、海澜之家京东官方旗舰店等渠道首发。 海澜之家表示，依托既有赛事赞助、运动地标打造及官方合作基础，海澜之家将国民根基、渠道网络与 产业资本注入体育赛道，结合阿迪达斯全球领先的运动专业资源，形成品牌协同效应，为体育产业注入 新势能。 赛事运营层面，双方将围绕海澜之家打造的"澜跑研习社"展开深度合作，依托其核心赛事IP深化路跑、 越野跑等大众赛事领域协作，升级赛事运营体系与跑者服务，推动"澜跑研习社"从赛事平台向综合性跑 步服务生态转型，为跑者提供科学训练、专业装备及赛事体验的全方位支持。 公益领域，双方将对海澜之家持续十余年的"多一克温暖"公益IP进行升级，整合资源聚焦偏远地区儿童 体育支持，通过体育装备捐赠、专业体育课程指导等举措，助力乡村儿童体育素养提 ...