由北京市通州区人民政府指导，《财经》杂志、财经网、《财经智库》主办的"《财经》年会2026：预测与战略·年度对话暨2025全球财富管理论坛"于 12月18日至20日在北京举行，主题为"变局中的中国定力"。 12月18日，中国科学院院士、中国科学院原院长白春礼在论坛上表示，随着科学与技术边界加速融合，产业迭代周期显著缩短，技术路线快速演进，国 际竞争明显前移，基础研究越来越成为产业竞争的"先手棋"，越来越成为国家竞争力的"源头工程"。 中国科学院院士、中国科学院原院长 白春礼 "基础研究决定国家竞争力的源头，企业基础研究决定产业优势的长久性。"白春礼指出，必须把企业基础研究摆在更加突出的位置，基础研究的重要性 更加凸显主要体现在三个方面。一是，国际竞争加速向基础前沿前移。大国竞争的焦点正在从单点技术优势，转向底层理论、关键机理、核心算法、重大科 学装置等更深层次能力的竞争。企业是否有良好基础研究基础，也决定了其能否直接地把"前沿原理"转化为"产业范式"。 二是，科技创新和产业创新的边界更加模糊。过去基础研究到产业应用的周期相对较长，现在周期明显缩短，基础突破常常迅速外溢到工程实现和产业 化路径。同时，产业发展中 ...

12月19日上午，由中国音像与数字出版协会指导，中国音像与数字出版协会游戏工委、中国音像与数字 出版协会游戏产业研究专委会主办，金报电子音像出版(北京)有限公司、人民灵境研究院、灵境.人民游 戏实验室支持的"2025游戏公益盛典"在上海徐汇区西岸会展中心举办。 中国音像与数字出版协会第一副理事长、中国音数协游戏工委主任委员张毅君在致辞中表示，我国游戏 产业不仅成长为文化创新的有生力量，也日益成为社会公益的新载体、新场景和新方式。游戏公益跨界 融合、科技赋能、广泛参与等鲜明特征日见凸显，使公益活动以年轻化、互动性和可持续方式，走进更 为广泛社群之中，使"人人可公益"理念愈加深入人心。 盛趣游戏党委书记郭臻表示，游戏人的创意及游戏产业的科技、文化优势可以转化为滋养现实世界的温 暖力量，从而建立起从责任的"零星行动"升级为"全员共赴"的公益生态。盛趣游戏以"绿色电脑教 室""去远方"研学等项目，践行"全员向善"；通过《游戏是怎样炼成的》公益游学等项目，以"游戏+科 技+文化+教育"模式，培养青少年数字创造力与理性认知。他认为，游戏不仅能带来快乐，更能创造价 值、滋养成长；游戏人不仅能设计虚拟世界，更能搭建连接爱与美 ...

12月19日，元祖股份发布公告称，公司于2025年12月19日收到公司财务负责人刘政的辞职报告，刘政因 个人原因申请辞去公司财务负责人职务，刘政辞任公司财务负责人职务后仍在公司职能部门担任管理职 务。根据《公司法》及《公司章程》等相关规定，自公司收到刘政的辞职报告之日起辞职生效。 （企业公告） 此外，公司于同日召开第五届董事会第七次会议，审议通过《关于审议变更财务负责人的议案》，董事 会同意聘任王尹担任公司财务负责人，任期自本次董事会审议通过之日起至第五届董事会任期届满之日 止。 ...

Core Viewpoint - The recent surge in flu cases has led to an increased demand for immediate drug delivery services, highlighting the importance of rider health and safety in ensuring reliable medication delivery [1][4]. Group 1: Health and Safety Initiatives - JD Health has launched the "Flu Season Rider Protection Plan" to provide comprehensive support for riders and users during the flu season [1][4]. - The plan includes free provision of flu protection supplies such as disinfectant wipes, masks, and cold medicine from brands like 999 and Haishi Haino [4][5]. - Riders are encouraged to share protective supplies with those in need during deliveries, fostering a sense of community health support [5]. Group 2: Rider Training and Awareness - JD Health promotes strict safety protocols for riders, including regular disinfection and mask-wearing before and after deliveries [5]. - The company will regularly provide health knowledge related to flu prevention and self-care to enhance riders' health management awareness and protective capabilities [5]. Group 3: Commitment to User Safety - The "Flu Season Rider Protection Plan" reflects a commitment to both rider health and user safety, ensuring that every medication delivery is conducted with added layers of protection [5]. - The initiative aims to create a controllable and reassuring delivery experience for users, emphasizing the importance of safe medication delivery during the flu season [5].

Core Viewpoint - The domestic GPU sector is witnessing significant activity as major players, including Shanghai Biren Technology Co., Ltd. (Biren Technology), are heading to the capital market, with Biren Technology aiming to become the first GPU stock listed on the Hong Kong Stock Exchange [1][4]. Company Overview - Biren Technology was established in 2019 and focuses on developing General-Purpose Graphics Processing Unit (GPGPU) chips and intelligent computing solutions for artificial intelligence [1]. - The company has successfully developed its first-generation GPGPU architecture and two chips, BR106 and BR110, with BR106 entering mass production in January 2023 and BR110 expected to follow in October 2024 [1][3]. Product Development - Biren Technology plans to launch the next-generation flagship data center chip, the BR20X series, by 2026, which will feature larger and faster memory and higher interconnect bandwidth compared to existing products [3]. - Future products include the BR30X for cloud training and the BR31X for edge inference, expected to be commercialized by 2028 [3]. Financial Performance - Since generating revenue from its intelligent computing solutions in 2023, Biren Technology has seen rapid revenue growth but has not yet achieved profitability [2]. - Revenue figures from 2022 to the first half of 2025 are as follows: 0.499 million yuan in 2022, 0.62 billion yuan in 2023, 3.37 billion yuan in 2024, and 0.59 billion yuan in the first half of 2025, with net losses of 1.474 billion yuan, 1.744 billion yuan, 1.538 billion yuan, and 1.601 billion yuan respectively [2][4]. Customer Concentration - The company has a high customer concentration, with revenue from the top five customers accounting for 98.1%, 90.3%, and 97.9% of total revenue from 2023 to the first half of 2025 [4]. - The largest customer contributed 85.7%, 54.5%, and 33.3% of total revenue during the same periods [4]. Market Opportunity - The global demand for AI computing power is rising, presenting significant market opportunities for domestic GPU manufacturers like Biren Technology [4]. - According to Frost & Sullivan, the AI chip market in China is projected to grow from 142.54 billion yuan in 2024 to 1,336.79 billion yuan by 2029, with a compound annual growth rate (CAGR) of 53.7% from 2025 to 2029 [4]. Competitive Landscape - The Chinese intelligent computing chip market is highly concentrated, with the top two players holding 94.4% of the market share [4]. - Biren Technology anticipates capturing approximately 0.2% of the market share in a projected market size of 50.4 billion USD by 2025 [4]. Future Plans - The funds raised from the IPO will be used for the development and upgrade of existing GPGPU chips and next-generation chips like BR20X and BR30X, as well as for software platform development and commercialization of intelligent computing solutions [5]. - Short-term prospects for domestic GPU companies are positive, as they can alleviate high R&D costs through IPO fundraising, while long-term growth is expected through increased R&D investment and strengthening of the technology product moat [5].

Group 1: Harbin Ice and Snow World - The 27th Harbin Ice and Snow World will officially open on December 17, 2025, with a theme of "Ice and Snow Fairy Tale" [1] - This year's event is the largest in scale, created by thousands of ice construction workers [1] - Ticket prices are set at a promotional price of 298 yuan per adult from December 17 to December 23, 2025, reverting to the original price of 328 yuan starting December 24, 2025 [1] Group 2: Overseas Chinese Town A (OCT A) - In November 2025, OCT A reported a total visitor count of 6.97 million for its cultural tourism enterprises, an 8% increase year-on-year [1] - For the period from January to November 2025, the total number of visitors was 73.98 million, a 1% decrease compared to the previous year [1] - In November 2025, the company achieved a contract sales area of 86,000 square meters, a 61% year-on-year decrease, and a contract sales amount of 1.2 billion yuan, down 65% year-on-year [1] Group 3: Beijing Haichang Ocean Park - The Beijing Haichang Ocean Park project has entered the construction phase, with a total building area of approximately 160,000 square meters [2] - The park will feature a combination of ecological, educational, interactive, performance, artistic, and hotel functions, expected to be completed and operational by 2027 [2] - The project is a collaboration between Haichang Ocean Park and Beijing Tongzhou Urban Construction Operation Group [2] Group 4: Taiyuan Plaza and China Resources Mixc Life - Taiyuan Plaza and China Resources Mixc Life have signed a cooperation agreement for the first Mixc Tian Di in North China, located in Taiyuan City [2] - The commercial complex will cover an area of approximately 445,000 square meters, integrating a "block + box mall" innovative model [2] - The project will feature international luxury brands, high-end dining, and cultural art spaces [2] Group 5: New City Holdings - New City Holdings has officially launched two innovative commercial product lines: "New Yuehui" and "Yinxiang" [2] - "New Yuehui" is positioned as an "urban vitality life aggregation body," while "Yinxiang" focuses on "enjoying slow time in urban streets," aimed at creating a "slow life block" [2] Group 6: Guangdong Province - Guangdong Province has issued measures to promote the integration of agriculture, culture, and tourism, focusing on high-quality development [3] - The measures include 27 specific actions to enhance the integration of various tourism-related sectors [3] - The province aims to develop ecological health resorts and promote traditional Chinese medicine health tourism [3] Group 7: Beijing Tourism - In the first ten months of the year, Beijing received over 300 million visitors, with tourism spending exceeding 600 billion yuan, representing year-on-year growth of 5.4% and 7.2% respectively [4][5] - Cultural and tourism consumption has become a significant growth driver for the construction of an international consumption center city [5]

Core Insights - The core message of the news is the launch of the enterprise-level AI Agent strategy by the company, emphasizing the RaaS (Result as a Service) business model and the introduction of the Results Cloud platform, which aims to transform AI from a tool supply model to a results delivery model [1][2]. Group 1: RaaS Strategy and Results Cloud Platform - The Results Cloud platform is the core of the RaaS strategy, featuring a three-layer architecture: "百基" for computational infrastructure and AI models, "百工" as the operating system for enterprise-level intelligent agents, and "百汇" as the Agent Store [2]. - The platform significantly reduces the deployment cycle of intelligent agents from 2 months to 2 weeks, allowing for scalable management of "silicon-based employees" [2]. - The company's self-developed BR-Proactive LLM shows a return on investment (ROI) twice that of general large models, while the BR-Voice model improves response speed by four times [2]. Group 2: Application Scenarios and Business Impact - The company focuses on two main lines for scaling silicon-based employees: EX (internal efficiency) and CX (external revenue generation), targeting areas like intelligent marketing and customer service [3]. - Four flagship silicon-based employee models were introduced, achieving significant improvements in metrics such as reducing turnover rates from over 70% to 0% and shortening recruitment cycles from 28 days to 2 days [3]. - The company collaborates with authoritative institutions to publish white papers and establish research labs, aiming to build a robust RaaS ecosystem [3]. Group 3: AI Agent Value and Employment Impact - The company asserts that AI agents can perform atomic-level tasks, leading to significant efficiency gains compared to traditional software [4]. - The business model promotes a shared value approach, reducing upfront costs for clients and fostering a collaborative environment [4]. - The impact of AI on employment is highlighted, with examples of silicon-based employees replacing traditional roles while creating new job opportunities in areas like training and evaluation [5]. Group 4: Technological Innovation and Market Expansion - The company focuses on practical application scenarios rather than merely developing foundational models, addressing specific technical challenges through collaboration and community feedback [6]. - The results-based payment model has been successfully implemented in various scenarios, including recruitment projects with large supermarkets and services for new energy vehicle companies [6]. - The launch of the RaaS strategy and Results Cloud platform marks the beginning of a new era for the company, aiming to elevate AI from a tool to a productive force in collaboration with industry partners [6].

异业板块以下区域，阶段性停止异业客户的邀约。湖南省(7个)：长沙市区、长沙市长沙县、株洲市 区、株洲市醴陵市、邵阳市区、怀化市洪江市、娄底市新化县。贵州省(1个)：毕节市黔西市。 以上区域原则上，联盟商退一进一。 12月19日，贵州珍酒发布关于部分区域阶段性停止大珍招商通知。当中提到，大珍项目作为公司在行业 深度调整周期中的一项重要创新举措，自启动以来持续稳步推进，取得显著成效。为保障市场良性运 营，11月9日公司公布了36个区域阶段性停止招商决定。现已过去了一个月，公司决定公布第二批阶段 性停止招商区域。 渠道板块以下区域，阶段性停止渠道客户的邀约。分别为河南省（2个）：开封市尉氏县、新乡市辉县 市。湖南省(6个):长沙市区、长沙市长沙县、邵阳市区、邵阳市隆回县、湘潭市湘潭县、娄底市新化 县。山东省(1个)：聊城市高唐县。江西省(1个)：九江市修水县。 ...

Core Viewpoint - Weihe Biotechnology has completed a seed round of financing, led by QuanHua Life, focusing on life sciences investment [1] Group 1: Financing Details - The funds raised will primarily be used for the development of a research platform, building a research team, and pilot production of core products [1] - The financing aims to accelerate the biomanufacturing of high-value food new materials, providing more sustainable solutions for the health industry [1] Group 2: Company Focus and Goals - Weihe Biotechnology officially established its presence in the Beijing Agricultural Zhongguancun Science Park in October 2025 [1] - The company is focused on constructing and optimizing efficient cell factories, aiming to promote green biomanufacturing of functional proteins and small molecular active substances [1]

12月18日，车质网联合凯睿赛驰咨询在北京举办2025第九届中国汽车客户之声（VOC+）研讨会暨颁奖典礼。会议以"「失信」·重塑"为主题，聚焦当前市场 信任挑战及破解之道。会议现场发布了《2025年车质网投诉分析报告》、《2025年中国乘用车用户投诉行为研究报告》、《2025年中国乘用车售后服务满意 度研究报告》。 车质网、凯睿赛驰咨询董事长、总裁唐卫国在致辞中表示，在技术飞速迭代、产品不断推新的背景下，用户与品牌之间的信任纽带，正在承受前所未有的压 力。今年前11个月，车质网累计受理有效投诉超20万宗，同比增长32.3%。其中，新旧车型迭代纠纷、销售承诺未履行、信息不透明、软件体验不佳等"信任 型"投诉凸显。用户除了关注买得是否划算，也更加重视用得是否舒心，品牌是否可信。 车百会副理事长、教授级高级工程师师建华指出，我国汽车产业正加快向高盈利、高科技、高价值的新发展模式转型升级，国内汽车市场已进入高销量、低 增长阶段，预计2026年市场将微增2%，规模达到2820万辆；其中新能源汽车销量（含出口）有望实现2000万辆，渗透率达57%。同时，智能驾驶领域的国 际化竞争步入关键窗口期，算力芯片、AI模型算法等关 ...