（东方财富网） 1月28日，休闲食品饮料连锁零售商——湖南鸣鸣很忙商业连锁股份有限公司正式在港交所主板挂牌上 市，证券简称为"鸣鸣很忙"，股份代号为1768.HK。上市首日，鸣鸣很忙开盘价为445港元/股，盘中涨 幅一度超过88%。截至该日收盘，鸣鸣很忙报400港元/股，总市值862亿港元。 (编辑：王璨 林辰) ...

(上证e互动) 1月28日，高测股份在互动平台表示，由于光伏电池技术路线的选择，公司目前批量供应的硅片主流厚 度仍以100-130μm为主，已具备小批量交付60-80μm硅片能力，并已推出50μm超薄硅片。近期已有多家 电池头部客户及研究机构提出50μm硅片送样测试需求，超薄硅片将随着太空光伏超薄柔性HJT电池的 应用逐步打开需求。公司已布局超薄硅片技术，并规划了持续提升良率的路径，将不断通过技术创新助 力行业加快超薄硅片量产节奏。 ...

Core Viewpoint - Haohua Energy expects a significant decline in net profit for the fiscal year 2025, primarily due to a sharp drop in coal market prices, despite an increase in coal sales volume [1] Financial Performance - The company anticipates a net profit attributable to shareholders of 419 million to 569 million yuan for 2025, a decrease of 617 million to 467 million yuan compared to the previous year's profit of 1.037 billion yuan, representing a year-on-year decline of 59.55% to 45.08% [1] - The expected net profit after deducting non-recurring gains and losses is projected to be between 391 million and 541 million yuan, down from 1.026 billion yuan in the previous year, indicating a reduction of 635 million to 485 million yuan, or a year-on-year decrease of 61.87% to 47.26% [1] Operational Highlights - In the fourth quarter of 2025, Haohua Energy reported a year-on-year increase in coal production and sales volume of 11.15% and 8.46%, respectively [1] - However, coal sales revenue decreased by 4.93% year-on-year, and gross profit from sales fell by 8.37% [1] - The average coal sales price for 2025 is expected to decline by 20.40%, which has led to a significant drop in gross profit despite a slight increase in production and sales volume [1] Business Segment Performance - The methanol business has seen a notable improvement in gross profit due to increased production and sales volume, coupled with a decrease in raw coal prices [1]

1月28日，鼎胜新材发布公告称，公司预计2025年年度实现归属于母公司所有者的净利润4.7亿元到5.5亿 元，与上年同期相比增加1.69亿元到2.49亿元，增幅56.15%至82.72%。 （企业公告） 关于业绩变动原因，公告说明，报告期内公司产品产销量及其他收益增加所致。报告期内，附加值较高 的动力电池铝箔下游需求持续旺盛，产销量较去年同期有大幅提升，一定程度上促进了公司整体利润的 增长。 ...

关于业绩变动原因，公告说明，报告期内公司受外部市场环境影响，订单执行波动使得主营业务收入下 降，大宗商品价格上涨使得成本上升；同时美元汇率波动产生汇兑损。 1月27日，广电电气发布公告称，公司预计2025年年度实现归属于母公司所有者的净利润为亏损5000万 元到2600万元。上年同期公司归母净利润为7472.72万元。 （企业公告） ...

Core Insights - The company is adapting to a new industry cycle with a focus on operational efficiency and lighter strategies, as indicated by the recovery in the white liquor market ahead of the Spring Festival [1] - The confidence in the company's strategy is backed by a series of solid and innovative efforts centered around the "four returns" concept [3] Product and Brand Strategy - The company has optimized its product system and brand value to maintain a steady growth trajectory, implementing a "dual famous liquor, multi-brand, multi-category" strategy that covers a full price range from mass to premium products [4] - New products have shown impressive performance, with the seventh generation of "Hai Zhi Lan" achieving nearly double-digit growth in opening rates, and high-end light bottle liquor selling out on the first day of pre-sale [7] Market Activation and Consumer Engagement - The company is focusing on building a consumer-centric brand system, combining traditional channel promotion with emotional resonance through innovative marketing strategies [8] - Recent consumer interaction activities themed "Su Xiang Yi Jia Qin" were conducted in Hunan, and the company is increasing terminal promotions and scenario marketing efforts for the upcoming Spring Festival [10] Pricing and Market Confidence - Prices of leading products like "Meng Zhi Lan M6+" and "Hai Zhi Lan" are steadily increasing as the Spring Festival approaches, reflecting distributor confidence in the brand's development [11] - Despite short-term performance pressures, the company's strategic adjustments are expected to support long-term operations and development, with major brokerage firms recognizing the company's long-term value [11]

Core Insights - The article discusses the concept of "Black Swan" events, which are unpredictable and have significant impacts, as exemplified by Nassim Nicholas Taleb's experiences during the 1987 stock market crash [8][10][26] - Taleb's investment philosophy emphasizes the importance of recognizing uncertainty and leveraging it to create opportunities, rather than attempting to predict specific outcomes [26] Group 1: Taleb's Background and Philosophy - Nassim Nicholas Taleb was born in Lebanon and experienced the instability of the Lebanese Civil War, which shaped his understanding of risk and uncertainty [4][5] - His fascination with options trading stems from their non-linear nature, where limited losses can lead to disproportionate gains, reflecting the hidden dangers in seemingly safe situations [5][6] - Taleb's successful bet on deep out-of-the-money put options during the 1987 crash illustrates his ability to capitalize on extreme events that others deemed impossible [2][3] Group 2: Key Concepts in Taleb's Framework - The concept of "Black Swan" refers to rare events that are unpredictable but can be rationalized in hindsight, such as financial crises and pandemics [8][10] - Taleb introduces the idea of "Antifragility," which describes systems that benefit from chaos and volatility, contrasting with fragile systems that break under stress [11][26] - The "Barbell Strategy" is proposed, where 85-90% of resources are allocated to extremely safe investments, while 10-15% are placed in high-risk, high-reward opportunities, avoiding the mediocre middle ground [12][11] Group 3: Practical Applications and Challenges - Taleb emphasizes the principle of "Skin in the Game," advocating that decision-makers should bear the consequences of their choices, enhancing accountability [13] - The investment strategy employed by Taleb and his followers involves consistently purchasing cheap deep out-of-the-money options, which may lead to short-term losses but can yield substantial returns during market crashes [15][17] - The psychological challenge of maintaining patience and resisting the urge to conform to prevailing market trends is highlighted, as investors often struggle with the discomfort of short-term losses [17][19]

LingBot-VLA凭借扎实的基座能力，大幅降低了下游任务的适配门槛，仅需80条演示数据即可实现高质 量的任务迁移。此外，配合底层代码库的深度优化，其训练效率达到StarVLA、OpenPI等主流框架的 1.5~2.8倍，实现了数据与算力成本的双重降低。 此次开源不仅提供了模型权重，还同步开放了包含数据处理、高效微调及自动化评估在内的全套代码 库。这一举措大幅压缩了模型训练周期，降低了商业化落地的算力与时间门槛，助力开发者以更低成本 快速适配自有场景，模型实用性大幅提升。 长期以来，由于本体差异、任务差异、环境差异等，具身智能模型落地面临严重的泛化性挑战。开发者 往往需要针对不同硬件和不同任务重复采集大量数据进行后训练，直接抬高了落地成本，也使行业难以 形成可规模化复制的交付路径。 针对上述问题，LingBot-VLA基于20000+小时大规模真机数据进行预训练，覆盖了9种主流双臂机器人 构型(包括AgileX，Galaxea R1Pro、R1Lite、AgiBot G1等)，从而让同一个"大脑"可以无缝迁移至不同构 型的机器人，并在任务变化、环境变化时保持可用的成功率与鲁棒性。与高精度空间感知模型Ling ...

（成都先导公告） 公告指出，业绩变化的主要原因包括主营业务的稳健增长和新技术业务板块的商业转化逐步显现。核心 业务板块DEL保持稳步增长，英国子公司的FBDD/SBDD平台也取得了阶段性进展。此外，公司的非经 营性损益方面，公允价值变动损失同比减少，主要系交易性金融负债公允价值变动影响减少所致。 近日，成都先导发布公告称，预计2025年年度实现归母净利润为1.04亿元至1.29亿元，与上年同期相 比，将增加5264万元至7564万元，同比增加102.50%至147.29%；预计归母净利润扣除非经常性损益后 为1.06亿元至1.29亿元，与上年同期相比，将增加4856万元至7156万元，同比增加84.55%至124.59%。 ...

近日，上海弼领生物技术有限公司（以下简称"弼领生物"）完成超2亿元B轮融资。本轮融资由宏诚投 资及关联方（阳光诺和、弘曜科创）与涌铧投资联合领投，泰达科投、中科创星跟投，老股东龙磐投资 和泰煜投资持续加码，丰和资本担任本轮融资独家财务顾问。 此次募集资金将重点用于核心临床管线的快速推进、早期创新项目的研发迭代及跨学科核心团队的扩 充，进一步巩固公司在纳米偶联药物领域的全球技术领先地位，加速突破性疗法的临床转化与商业化布 局。 （弼领生物公众号） ...