Core Viewpoint - The company, Weipage (603956), is forecasting a net loss of approximately 130.93 million yuan for the year 2025, although it expects to reduce its losses by about 90 million yuan compared to the previous year [1]. Financial Performance - In 2024, the company reported an operating revenue of 1.24 billion yuan, a year-on-year decrease of 12.51% [1]. - The net profit attributable to the parent company for 2024 was a loss of 21.2 million yuan, compared to a profit of 2.33 million yuan in the previous year [1]. - The net profit attributable to the parent company after deducting non-recurring gains and losses was a loss of 23.8 million yuan, compared to a loss of 1.1 million yuan in the previous year [1]. - The net cash flow from operating activities was -163 million yuan, down from 24.96 million yuan in the previous year [1]. Fundraising Activities - The total amount raised from the initial public offering (IPO) was approximately 242.80 million yuan, with a net amount of about 204.20 million yuan after expenses [2]. - The company planned to use the raised funds for upgrading its R&D technology center, marketing network system, and to supplement working capital [2]. - The total fundraising from the IPO expenses was 38.60 million yuan, with the lead underwriter, CITIC Securities, receiving approximately 27.25 million yuan [2]. - The company issued 4.2 million convertible bonds in November 2020, raising a total of 420 million yuan, with a net amount of approximately 416.54 million yuan after expenses [2]. - In 2021, the company conducted a non-public offering of 82.47 million shares at a price of 11.76 yuan per share, raising a total of approximately 969.90 million yuan, with a net amount of about 959.04 million yuan after expenses [3]. - The total amount raised from all three fundraising activities was approximately 1.633 billion yuan [4].

Core Insights - The opening of the "Yuanqi Forest Atlantis" youth music nightlife space in Hefei marks a significant move in Yuanqi Forest's cross-industry collaboration strategy, aligning with local economic initiatives [1] - The brand's approach to cross-industry partnerships has shifted from aggressive collaboration to a more measured and strategic focus on long-term engagement with consumers [4] Group 1: Cross-Industry Collaborations - Yuanqi Forest has launched various collaborations in 2025, including partnerships with music festivals, stationery brands, gaming IPs, and even Disney, indicating a focus on engaging younger audiences [3] - The number of cross-industry collaborations has decreased significantly, with new tea beverage industry collaborations dropping from 149 in the first half of 2024 to 72 in the same period in 2025, reflecting a broader trend of reduced collaboration activity [4] Group 2: Strategic Shift - The brand's recent collaborations emphasize building long-term emotional connections with consumers rather than merely leveraging traffic, showcasing a shift towards a more sustainable and meaningful engagement strategy [4] - The development of the Hefei project took a year and a half, highlighting the brand's commitment to thorough market research and careful planning in its cross-industry initiatives [4] Group 3: Industry Trends - The trend of reduced collaboration activity is not unique to Yuanqi Forest but is observed across the new tea beverage industry, suggesting a collective move towards more strategic and less frequent partnerships [4][5] - The focus on deep interaction and emotional resonance in brand collaborations is becoming a common strategy among new consumer brands, indicating a potential shift towards a "long-term relationship" era in cross-industry marketing [5]

中国经济网北京1月16日讯（记者 马先震） 半岛都市报13日报道《巧用三方数据作大字吸睛宣传， Ulike和极萌将撞上引证广告监管红线》显示，近日，国家市场监督管理总局公开发布《广告引证内容 执法指南（征求意见稿）》，聚焦"广告引证内容""引证广告"等领域和广告样态，进一步规范"大字吸 睛、小字免责"等误导性广告。 天眼查工商信息显示，杭州由莱科技有限公司，成立于2016年，位于浙江省杭州市，是一家以从事零售 业为主的企业。企业注册资本2000万人民币，实缴资本2000万人民币。杭州一铂科技有限公司为大股 东，持股50%。 报道指出，杭州由莱科技有限公司旗下品牌Ulike在产品宣传材料中，使用了三方机构报告和专利等内 容来为其功效、适用人群、市场地位等作背书。但其引用的部分数据来源仅标注为"三方报告"，未直接 披露信源主体。此外，部分产品试验的受试者特征，评价体系和指标等关键信息也未直接披露，存在诱 导消费者的可能性。 由莱科技回应称，公司销售的产品均符合国家相关的销售认证资格，并不存在媒体所说的信息误导等情 形，具体解释会有公司相关部门的工作人员作进一步的回应。 Ulike官网显示，由莱集团创始于2013年 ...

中国经济网酒泉1月16日综合报道 1月15日，甘肃省酒泉市第五届人民代表大会第六次会议圆满完成各 项议程，在酒泉国际会展中心胜利闭幕。 余杰，男，汉族，1968年6月生，中央党校大学学历，中共党员，此前担任酒泉市人大常委会秘书长、 二级巡视员。 陶涛，男，汉族，1973年11月生，大学学历，农业推广硕士，中共党员，此前担任阿克塞县委书记、二 级巡视员。 张力，男，汉族，1981年6月生，大学学历，农业推广硕士，中共党员，曾任张掖市副市长。 会议表决通过了赵峰同志辞去酒泉市第五届人民代表大会常务委员会主任职务、图门吉尔格勒同志辞去 酒泉市第五届人民代表大会常务委员会副主任职务、杨栋同志辞去酒泉市人民政府副市长职务的请求。 大会选举崔福祥为酒泉市第五届人民代表大会常务委员会主任，余杰为酒泉市第五届人民代表大会常务 委员会副主任，李红等7名同志为酒泉市第五届人民代表大会常务委员会委员；选举陶涛为酒泉市人民 政府副市长，张力为酒泉市监察委员会主任；表决通过了酒泉市第五届人民代表大会社会建设委员会主 任委员人选。 崔福祥，男，汉族，1969年5月生，省委党校研究生学历，文学学士，曾任酒泉市委常委、市纪委书 记、市监委主 ...

Core Insights - In 2025, Everbright Pramerica Fund stood out in the capital market, showcasing strong research and asset management capabilities, achieving top rankings in fixed income absolute return performance over the past three years [1][6] - The fund's fixed income products have consistently ranked among the top in their categories, demonstrating resilience and professional strength across various market cycles [1][2] Fixed Income Investment - Everbright Pramerica Fund ranked first in fixed income absolute return among all fund companies for the past three years, and second for both five and ten years, highlighting its long-term performance advantage [1][6] - The fund's fixed income team has several products that excelled in market competition, with the Everbright Medium-High Grade A fund ranking first among 245 ordinary bond funds over the past two years [2][6] Equity Investment - The Everbright Industrial New Power A fund, managed by a seasoned fund manager, ranked in the top 6% of its category over the past two years, focusing on companies benefiting from new industrial themes [3][6] - Other equity products managed by the same team also performed well, with rankings in the top 12% and 11% of their respective categories [3][6] Research and Management Team - The company has built a collaborative and specialized research team for fixed income, with each sub-team led by experienced professionals, ensuring a diverse product line catering to different risk-return profiles [4][6] - The equity product lineup is comprehensive, aiming to provide investors with a one-stop asset allocation toolbox, covering both passive and active investment strategies [5][6] Future Outlook - Everbright Pramerica Fund plans to continue enhancing its research capabilities and product offerings, aligning with national strategic development goals to support high-quality economic growth [5][6]

面对需求与治理的突出矛盾，多方已启动多维度协同探索，为破解困局积累经验。 前段时间，有关"C7驾照多地试点"的消息在网络热传，传言声称持该驾照可驾驶俗称"老头乐"的四轮低 速电动车。多地公安交通管理部门迅速辟谣，明确否认相关试点计划。谣言平息了，但其带来的对四轮 低速电动车的合法性、路权分配等问题的争论还在继续。 需求刚性凸显与治理短板并存 "百姓有需求，民生有期待，而顶层设计与民生需求的适配性仍需提升。"低速电动车行业研究专家、江 苏民营经济统战研究协同创新基地负责人兼首席专家卢勇精准点出了四轮低速电动车治理困境的核心矛 盾。 中国交通运输协会新技术促进分会专家委员解筱文表示，在广大的县城及农村地区，四轮低速电动车已 成为不少民众的主要出行工具，其便捷、经济的特性精准匹配了短途出行需求。旺盛的需求背后，是长 期存在的治理痛点。 中国政法大学副教授朱巍指出，痛点主要体现于双重资质缺失：在驾驶人端，现实中大量驾驶者没有对 应准驾资质，属于无证驾驶；在产品端，市面上多数"老头乐"既未通过3C认证，也未达到机动车安全 技术标准，又超出非机动车的技术规范范畴，导致无法正常注册登记和投保。 更关键的是，因无对应的国家标 ...

本次减持计划的实施不会导致公司控制权发生变更，不会对公司治理结构及持续性经营产生重大影响， 公司基本面也未发生重大变化。 截至2025年12月15日，宏川智慧A股总股本45,748.99万股。宏川集团质押股份数量5,962.00万股，占公 司总股本比例13.03%；宏川供应链质押股份数量1,720.00万股，占公司总股本比例3.76%。两大股东合 计质押股份数量占公司总股本比例16.79%。 根据公告，股东东莞市宏川化工供应链有限公司(以下简称"宏川供应链")计划自公告披露之日起15个交 易日后的三个月内(即2026年2月7日至2026年5月6日)以大宗交易方式减持公司股份不超过914.9797万股 (约占公司2026年1月9日总股本比例为2%)。 按上一交易日公司收盘价10.75元计算，宏川供应链拟减持套现合计约9,836.03万元。 截至公告披露日，宏川供应链持有公司股份7,926.67万股，约占公司2026年1月9日总股本比例为 17.33%。 宏川供应链为公司控股股东广东宏川集团有限公司(以下简称"宏川集团")及实际控制人林海川一致行动 人。截至公告披露日，实际控制人林海川直接和间接控制公司股份24, ...

Core Viewpoint - The strategic cooperation agreement between Industrial Bank Co., Ltd. Hangzhou Branch and Zhejiang Industrial Environmental Group aims to empower the real economy through precise financial services, contributing to regional green low-carbon transformation and high-quality industrial development [1][3]. Group 1: Strategic Cooperation - The signing ceremony was attended by key figures from both organizations, highlighting the importance of their collaboration in promoting green and high-quality development [1][3]. - The partnership signifies a new phase of deepened cooperation and mutual progress between the two entities, focusing on innovation and entrepreneurship [4]. Group 2: Company Overview - Zhejiang Industrial Environmental Group is a leading enterprise in hazardous waste disposal and resource utilization, boasting an industry-leading comprehensive resource utilization rate of 98% through nearly 140 patented technologies [3]. - The company has a hazardous waste treatment capacity of nearly 2 million tons per year and has made strategic investments in key sectors such as inorganic hazardous waste, lithium carbonate for new energy batteries, hydrogen energy, and platinum group metals [3]. Group 3: Financial Performance - Industrial Bank Hangzhou Branch has established itself as a pioneer in green finance, focusing on key areas such as carbon reduction, pollution reduction, and green growth [4]. - By the end of 2025, the branch aims to achieve a green financing balance of 215.9 billion yuan and a green loan balance of 136 billion yuan, positioning itself as a leader among joint-stock banks in Zhejiang Province [4].

Core Viewpoint - Xiamen Branch of Industrial Bank is committed to local market development, focusing on the "4+4+6" modern industrial system construction, and advancing the "commercial bank + investment bank" strategy to support regional industrial transformation and high-quality development [1][4] Group 1: Bond Underwriting Business - Xiamen Branch has established a comprehensive bond service network, serving key industries in Xiamen, with nearly 100% coverage of local bond issuance clients [2] - The branch has achieved a full spectrum of bond types, including conventional products like short-term financing bonds and innovative products such as technology innovation bonds and green bonds, catering to diverse financing needs [2] - The branch has ranked first in the Xiamen market for non-financial corporate debt financing tool underwriting for 12 consecutive years, with over 230 billion yuan in cumulative underwriting in the past five years [2] Group 2: Innovation and Leadership - The branch has successfully launched several first-of-their-kind projects in bond underwriting, including the first purpose-based technology innovation bonds and the first digital RMB bonds, setting industry benchmarks [3] - A notable project includes the first purpose-based technology innovation bond led by the branch, which supports a major flexible AMOLED production line project, enhancing financing channels and accelerating technology transfer [3] Group 3: Commitment to High-Quality Development - The branch aims to strengthen its core advantages in bond underwriting by providing professional services, diverse products, and precise funding, positioning itself as a financial partner for high-quality economic development in Xiamen [4]

中国经济网1月16日讯(记者 姜智文)今日，工业和信息化部等六部门联合发布《新能源汽车废旧动 力电池回收和综合利用管理暂行办法》(以下简称"管理办法")，提出遵循"全渠道、全链条、全生命周 期"的管理思路，涵盖重点设计"车电一体报废"、建立新能源汽车动力电池数字身份证管理制度等。新 规自2026年4月1日起施行。 作为落实《健全新能源汽车动力电池回收利用体系行动方案》的重要举措，《管理办法》明确提出 坚持遵循"全渠道、全链条、全生命周期"管理的基本思路。 具体来看，全渠道抓好电池生产、车辆报废、换电运营、维修更换等各类废旧动力电池产生源头的 规范管理，重点设计"车电一体报废"等制度，防止出现废旧动力电池流向难以掌握的情况。全链条明确 电池生产、销售、维修、更换、拆解、回收、综合利用各环节各类主体责任义务。 全生命周期加强信息溯源管理，搭建全国新能源汽车动力电池溯源信息平台，建立新能源汽车动力 电池数字身份证管理制度，明确动力电池编码、信息报送等要求，运用数字化技术加强动力电池流向监 测。 近年来，我国新能源汽车产业快速发展，2025年新能源汽车产销量分别为1662.6万辆和1649万辆， 同比分别增长29%和 ...