距离亚太经合组织第三十三次领导人非正式会议还有277天，临近春节的深圳（龙华）国际合作中心却 呈现一派繁忙景象。2月14日，《华夏时报》记者走访该中心看到，白色弧形服务台前，多位外国友人 正在咨询业务，工作人员耐心解答——这座城市正以"APEC东道主"的姿态提前进入"国际时间"。 就在两天前（2月12日），一场名为"中国年·世界年"的中外友人迎APEC新春游园会刚在龙华大浪时尚 小镇落幕。这场融合非遗剪纸与AI脉诊机器人、糖画摊位与3D打印展台的50余个特色摊位活动，不仅 串联起中外友人的欢声笑语，更成为龙华探索"外交红利转化"的生动实践：通过"以节促产、以文引 商、以展聚势"的路径，将APEC带来的国际关注度转化为可持续的消费动能与产业合作机遇。 "深圳龙华从经贸对接会到新春系列活动，连贯形成以节促产、以文引商、以展聚势的发展路径，是需 求牵引供给、供给创造需求更高水平动态平衡的鲜活微观实践。"知名经济学家、国研新经济研究院创 始院长朱克力于2月13日接受《华夏时报》记者采访时表示，"活动以新春消费场景激活市场需求，以文 化交流带动商业流量，以国际交往链接产业资源，让文化活力、消费潜力与产业实力形成相互支撑 ...

华夏时报记者 石飞月 北京报道 融资、新品、订单……仅2月13日一天，智元就释放出一连串利好消息。但这些利好并不单属于智元自 己，它孵化的一众上下游"小弟"也跟着刷屏，机器人本体、机器人租赁、机器人数据等产业链上下游都 在冒泡。这家公司从一开始就没打算只做一锤子买卖，而是在下一盘大棋。 天眼查工商信息显示，截至目前，智元对外投资的公司（存续或在业）已达48家，其持股超50%的有10 家。这不是单纯造机器人，这是在打造一个属于智元的具身智能"宇宙"。在业内人士看来，智元有华为 的基因，现在走的也正是华为当年那条路——自己做产品，更要养生态。这条路走通了，没人挡得住， 但路上的坑，也一个不会少。 打造产业"宇宙" 2月13日，智元控股的觅蜂科技宣布完成数亿元种子轮与天使轮融资，由红杉中国领投，鼎晖VGC、BV 百度风投、云锋基金、慕华科创等顶级资本跟投，均普智能、灵初智能等产业机构同步参与；2月11 日，同样由智元控股的临界点（AGILINK）宣布完成新一轮数亿元融资，由头部互联网大厂领投，BV 百度风投、云锋基金等顶级资本参与，Synstellation Capital、均胜电子（600699）、龙旗科技 （6 ...

Core Viewpoint - The company *ST Lifan (300344) is facing termination of its stock listing due to significant false disclosures in its annual reports from 2021 to 2023, with cumulative inflated revenue exceeding 500 million yuan, which is over 50% of the reported annual revenue for those years [2][4]. Group 1: Financial Misconduct - The Shenzhen Stock Exchange issued a notice indicating that the company had false disclosures in its annual reports for 2021 to 2023, with inflated revenue of over 500 million yuan, which is more than 50% of the total reported revenue for those years [2][4]. - In 2021, the company inflated its revenue by 280 million yuan, accounting for 50.09% of that year's revenue, and inflated costs by 277 million yuan, which was 60.61% of the total costs [4]. - In 2022, the inflated revenue was 312 million yuan, representing 51.67% of that year's revenue, and inflated costs were 305 million yuan, or 53.54% of total costs [4]. - For 2023, the inflated revenue was approximately 45.87 million yuan, which is 24.00% of that year's revenue, and inflated costs were about 45.23 million yuan, accounting for 27.55% of total costs [4]. Group 2: Regulatory Actions - The Anhui Regulatory Bureau has ordered the company to rectify its practices, issued a warning, and imposed a fine of 10 million yuan [5]. - The company's stock will be suspended from trading starting February 24 due to these regulatory actions [4][5]. Group 3: Stock Performance and Shareholder Information - The company experienced two consecutive trading halts prior to the announcement, following a period of unusual trading activity where it achieved seven limit-up days in ten trading days, resulting in a cumulative increase of 314.9% [5]. - As of the end of Q3 2025, the company had 30,735 shareholders [5]. Group 4: Company Background and Business Transition - The company, previously known as Taikong Zhizao Co., Ltd., was established in 1999 and is a member of Lingnan Holdings Group, primarily engaged in the non-metallic mineral products industry [5]. - In 2020, the company rebranded to Lifan Digital Science and Technology, shifting its focus to intelligent software and digital services [6]. - The company is associated with Shenzhen Chaolifang Data Technology Co., Ltd., which was established in December 2023 and aims to provide global data center and cloud computing infrastructure solutions [6].

(石飞月 摄影） 本报（chinatimes.net.cn）记者石飞月 北京报道 融资、新品、订单……仅2月13日一天，智元就释放出一连串利好消息。但这些利好并不单属于智元自 己，它孵化的一众上下游"小弟"也跟着刷屏，机器人本体、机器人租赁、机器人数据等产业链上下游都 在冒泡。这家公司从一开始就没打算只做一锤子买卖，而是在下一盘大棋。 天眼查工商信息显示，截至目前，智元对外投资的公司（存续或在业）已达48家，其持股超50%的有10 家。这不是单纯造机器人，这是在打造一个属于智元的具身智能"宇宙"。在业内人士看来，智元有华为 的基因，现在走的也正是华为当年那条路——自己做产品，更要养生态。这条路走通了，没人挡得住， 但路上的坑，也一个不会少。 打造产业"宇宙" 2月13日，智元控股的觅蜂科技宣布完成数亿元种子轮与天使轮融资，由红杉中国领投，鼎晖VGC、BV 百度风投、云锋基金、慕华科创等顶级资本跟投，均普智能、灵初智能等产业机构同步参与；2月11 日，同样由智元控股的临界点（AGILINK）宣布完成新一轮数亿元融资，由头部互联网大厂领投，BV 百度风投、云锋基金等顶级资本参与，Synstellation Cap ...

本报记者刘佳 北京报道 1月金融数据迎来"开门红"。 2月13日，央行公布的数据显示，2026年1月末，广义货币(M2)同比增长9.0%，增速较上月末加快0.5个 百分点；狭义货币(M1)同比增长4.9%，增速较上月末加快1.1个百分点。 1月新增人民币贷款4.71万亿元，同比少增4200亿元；1月新增社会融资规模为7.22万亿元，同比多增 1662亿元。 在多位受访人士看来，1月金融数据体现出，在政策协同发力扩内需、银行加力投放稳收益、春节前融 资需求增加等多因素拉动下，2026年开年新增信贷保持在高位，广义货币M2和社会融资规模增速较快 增长，充分体现了适度宽松的货币政策状态，有力支持了年初经济平稳开局。 1月M2增速上行 金融数据显示，1月末M2同比增长9.0%，较上月末上行0.5个百分点，为连续第二个月大幅上行，增速 创近25个月以来最高，超出市场预期。 在东方金诚首席分析师王青看来，1月政府债券大规模发行，月末财政存款同比大幅多增的背景下，1月 末M2增速继续显著上升，背后的原因是非银存款延续大幅同比多增势头。 "近期M2增速持续处于8.0%以上的较高水平，除了短期因素影响外，一个重要原因是前期政府 ...

市场普遍估算，贸易政策相关成本对奔驰利润的影响已达到10亿欧元。与此同时，外汇汇率波动、核心 原材料价格持续上行，再加上供应链各环节的整体成本抬升，正持续压缩企业利润空间，进一步拉低了 集团整体盈利指标。 2月12日，梅赛德斯-奔驰集团正式发布2025财年业绩报告。在全球豪华车市场格局洗牌、中国本土高端 新能源品牌崛起、电动化智能化转型加速等多重背景下，这家百年豪华车企正面临利润下滑、销量承压 的现实，同时仍在努力维持资金和高端市场的基本盘。 财报显示，2025年奔驰集团全年营业额为1322亿欧元，同比下滑9.2%；调整后息税前利润为82亿欧 元，较2024年大幅缩水40%，利润蒸发近一半；工业业务自由现金流54亿欧元，即使自由现金流保持正 向，但也远低于上一年的近92亿欧元。 主流市场疲软，高端车型稳健 事实上，奔驰的营收销量双下行并非偶然，而是多重因素叠加的综合结果，首当其冲的是当前全球贸易 摩擦与关税壁垒带来的直接冲击。 从业务板块来看，奔驰各细分业务表现不一。作为集团的主要营收与利润来源，乘用车业务2025年调整 后息税前利润约48亿欧元，较2024年明显下滑；调整后销售利润率也从8.1%降至约5.0 ...

在她看来，若企业能讲清经营逻辑、透彻揭示风险并完整留存管理证据，在资本市场中将更加从容稳 健。她建议，要在上市公司和IPO企业内部开展专项培训和咨询。 随着中国资本市场的持续深化改革，信息披露质量、公司规范运作与持续经营能力日益成为投资者和监 管机构关注的焦点。 日前，华信会计师事务所合伙人苟雪梅在接受《华夏时报》记者采访时表示，许多上市公司，特别是 IPO企业的管理层和核心岗位人员，在经营管理体系建设上存在能力短板。 对于IPO企业内部管理存在的短板问题，苟雪梅在座谈会上分析，主要体现在三个方面：第一，监管规 则内部转化机制缺失，规范性条文未能有效转化为可执行、可追溯、可验证的内部流程，导致合规要求 难以落地、责任无法追溯。 第二，内部语言不统一，业务、财务、法务、信披、中介机构之间缺乏统一的数据逻辑和证据链标准， 沟通成本高企，甚至可能在监管问询中暴露矛盾。 第三，规范运行未形成有效闭环，问题整改常流于表面，缺乏系统追踪与完整留痕，致使同类问题反复 出现，消耗企业信誉与资源。 对此，苟雪梅指出，管理层和核心岗位人员亟需掌握三种"关键语言"：监管语言，即能将监管规则转化 为具体管理动作，确保信息披露准确、完 ...

Core Viewpoint - Zhengzhou Bank is committed to integrating its development with the modernization of Henan Province, focusing on supporting the local economy and enhancing financial services to various sectors, including small and micro enterprises, consumer spending, and rural revitalization [1][2][4][6]. Group 1: Financial Support for Economic Development - Zhengzhou Bank aims to strengthen its capital base and optimize asset-liability structures to support national strategies and regional economic development [2]. - The bank is aligning its credit resources with key projects and sectors, such as advanced manufacturing and urban renewal, to ensure financial backing for the province's GDP growth target of 5.6% and industrial value-added growth of 8.4% [2]. Group 2: Support for Small and Micro Enterprises - The bank addresses the financing challenges faced by small and micro enterprises by providing tailored financial solutions throughout their lifecycle and reducing financing costs [3]. - Zhengzhou Bank conducts regular visits to understand the operational status and needs of these enterprises, offering customized financial support and utilizing diverse financing tools [3]. Group 3: Enhancing Financial Services for Citizens - The bank focuses on a people-centered development approach, creating a comprehensive financial service ecosystem that addresses various public needs, including healthcare and education [4]. - Zhengzhou Bank is expanding its financial services to rural areas, ensuring accessibility and convenience for residents [4]. Group 4: Stimulating Consumption and Domestic Demand - The bank is actively promoting consumption by optimizing credit services for housing, appliances, and digital products, thereby enhancing consumer spending potential [5]. - Zhengzhou Bank supports the development of new consumption models and urban improvement projects to boost retail sales across the province [5]. Group 5: Rural Revitalization Initiatives - The bank is committed to directing financial resources towards rural revitalization, enhancing basic financial services in rural areas, and supporting infrastructure and agricultural development [6]. - Zhengzhou Bank is developing financial products tailored to local agricultural industries to promote sustainable income growth for farmers [6]. Group 6: Future Outlook - Looking ahead, Zhengzhou Bank plans to focus on five key areas: technology finance, green finance, inclusive finance, pension finance, and digital finance, to enhance its service capabilities [7]. - The bank aims to contribute to the modernization of Henan Province by providing precise financial services and robust support for local economic development [7].

Core Insights - The Chinese large model industry is experiencing a surge in activity, with multiple companies releasing new models ahead of the Spring Festival, indicating a strategic push to capture market share before 2026 [1][6] - The focus of large models has shifted from parameter competition to engineering efficiency, with an increasing number of Chinese open-source models gaining recognition globally [1][7] Group 1: Company Developments - Zhiyu's stock surged by 28.68% to 402 HKD per share on February 12, 2023, and continued to rise by 20.65% to 485 HKD per share on February 13, 2023, following the announcement of their GLM-5 model [2] - GLM-5 has been recognized as the best open-source model in the "Agentic Engineering" era, achieving a ranking of fourth globally and first among open-source models on the Artificial Analysis leaderboard [2][3] - Other companies like iFlytek and MiniMax also launched new models, with iFlytek's Starfire X2 and MiniMax's M2.5 models showcasing significant advancements in capabilities [3] Group 2: Market Trends - The Kimi K2.5 model from Moonlight has achieved a token call volume of 1.53 trillion, ranking first globally, highlighting the competitive landscape among new models [4] - ByteDance's Seedance 2.0 has gained significant attention in Hollywood, with industry professionals expressing concerns about its potential impact on the film industry [4] - The AI large model industry is entering a phase of engineering maturity, with companies showcasing their research achievements to enhance brand recognition and compete globally [4][6] Group 3: Strategic Insights - The release of new models during the Spring Festival is seen as a strategic move to replicate the success of DeepSeek, which gained significant market traction last year [6] - The competition is shifting from scale to efficiency and cost, with a focus on practical applications of reasoning capabilities and intelligent agents [7] - Predictions indicate a potential market stratification, where major players like ByteDance and Alibaba dominate general models, while smaller players focus on niche verticals [7]

Group 1 - The actual controller of the company, Li Zhaoting, has been detained by the Shijiazhuang Public Security Bureau, and the related case is under investigation [2] - The company has not received any notification from authorities requiring assistance in the investigation, and its control has not changed [2] - Company operations, including production and management, are reported to be normal and not significantly affected by the incident [2] Group 2 - Li Zhaoting is a well-known figure in the photovoltaic and energy sectors, previously ranked as the richest person in Shijiazhuang with a wealth of 23.5 billion yuan in 2019 [3] - Li Zhaoting has faced regulatory scrutiny, including a total fine of approximately 1.7 billion yuan for violations related to information disclosure and fraudulent issuance, leading to the delisting of associated companies [3] - The company, established in 2001, specializes in the research and sales of high-end outdoor sports fabric and garments, with a focus on self-developed knitted fabric series [3] Group 3 - For the first three quarters of 2025, the company reported a revenue of 918 million yuan and a net profit attributable to shareholders of 51.996 million yuan, representing a year-on-year increase of 205.46% [4] - The company's net profit for the third quarter alone reached 22.247 million yuan, showing a significant year-on-year growth of 451.31% [4] - The company's non-recurring net profit for the first three quarters was 49.578 million yuan, with a year-on-year increase of 318.59% [4]