12月8日晚间，精密零部件供应商科森科技（603626）发布公告，公司拟以9.15亿元人民币的对价将其持有的科森医疗100%的股权转让给耀岭科，增值率 206.45%。这笔交易意味着科森科技将彻底退出医疗器械领域，也标志着其战略重心的一次重大调整。 值得注意的是，科森科技境外业务发展较快。2024年，公司境外营业收入达21.09亿元，同比增长26.45%。 今年11月26日，科森科技发布对外投资公告，公司拟在马来西亚投资新建生产基地，满足境外客户的订单需求。 科森科技称，本次对外转让科森医疗100%股权，主要目的为公司拟全面退出医疗业务，进一步聚焦消费电子主业，提升公司的经营水平和质量，符合公 司长远发展的战略规划。本次股权转让有利于实现资金回笼，降低公司资金压力，所获得的款项将用于补充公司流动资金，用于公司日常生产经营。 公开信息显示，科森科技成立于2010年，是专业从事精密结构件研发、制造与服务的高新技术企业，为客户提供消费电子、医疗器械、新能源汽车、电子 烟、光伏发电等终端产品所需精密金属、塑胶结构件以及部分组装服务。公司于2017年2月在上海证券交易所主板上市。 业绩方面，科森科技2025年三季报显示 ...

Core Viewpoint - The Shenzhen government has launched an action plan to promote the development of the whole-house smart application industry, aiming to establish Shenzhen as a leading city in this sector by 2028, with a focus on innovation and smart city construction [1][4]. Group 1: Industry Development - Nearly 40 A-share listed companies are leading the whole-house smart industry chain, with significant contributions from companies like Huawei, Green米联创, and 欧瑞博 [2]. - Shenzhen has established a relatively complete whole-house smart industry chain, covering key areas such as connection protocols, smart hosts, and sensor devices [2]. - In 2023, Shenzhen has installed over 17,000 whole-house smart systems across 13 residential projects, with plans for 9 pilot projects in 2024 covering over 900,000 square meters [2][3]. Group 2: Action Plan Goals - The action plan sets two major milestones: by the end of 2026, the core competitiveness of the whole-house smart industry will be enhanced, and by the end of 2028, the industry ecosystem will mature, establishing Shenzhen as a pioneer city in this field [4][5]. - The plan outlines three core tasks: strengthening technological capabilities, enhancing high-quality industrial development, and improving multi-scenario application levels [5]. Group 3: Technological and Application Innovations - The whole-house smart monitoring and control system aims to create a "safety net," providing real-time alerts for water leaks and gas leaks, enhancing home safety for the elderly [3]. - The "1+2+N" modular architecture of Huawei's Harmony Smart Home solution is being implemented in various projects, promoting comprehensive smart home solutions [3]. - The second batch of pilot projects for whole-house smart applications is set for 2025, covering various building types and aiming for nearly 1 million square meters of application area [3].

Core Viewpoint - The China Securities Investment Fund Industry Association has revised the "Performance Assessment Management Guidelines for Fund Management Companies (Draft for Comments)," which stipulates that fund managers of actively managed equity funds with poor performance for three consecutive years may face a salary reduction of 30% [1] Group 1: Fund Manager Performance - Notable fund manager Shi Cheng has recently attracted market attention due to his products underperforming benchmarks over the past three years, with more than half of the profit margins being negative, potentially leading to a salary cut [1] - According to Tonghuashun data, Shi Cheng's six actively managed equity funds have shown year-to-date returns outperforming the benchmark by 20% to 38%, but over the last three years, the returns have ranged from -5% to 28%, underperforming the benchmark by 18% to 48% [1] Group 2: Specific Fund Performance - The net values of Guotou Ruijin Advanced Manufacturing Mixed Fund, Guotou Ruijin Industry Trend Mixed A, and Guotou Ruijin Jinbao Mixed Fund have decreased by 27.97%, 27.86%, and 26.81% respectively over the last three years, underperforming their benchmarks by 47.71, 47.5, and 39.59 percentage points [1] - The Guotou Ruijin New Energy Mixed A fund has seen a net value decline of 26.78% over the past three years, underperforming its benchmark by nearly 18 percentage points [1] - The Guotou Ruijin Industry Transformation One-Year Holding Mixed A and Guotou Ruijin Industry Upgrade Two-Year Holding Mixed A, co-managed by Shi Cheng and others, have net value declines of 18.78% and 4.68% respectively, underperforming their benchmarks by 38.41 and 24.32 percentage points [1]

Core Insights - The battery recycling industry presents significant economic value and social benefits, with a projected retirement volume of 820,000 tons of power batteries in China by 2025, and over 4 million tons by 2028, leading to an industry value exceeding 280 billion yuan [1] Group 1: Company Developments - Company Xiwanda has established a specialized recycling materials company in 2023, marking a new phase of professional and large-scale operations in battery recycling [2] - The company has developed a comprehensive technology system covering detection, disassembly, and regeneration processes, achieving efficient recovery of metals like nickel, cobalt, manganese, and lithium [2] - Xiwanda's battery recycling operations can save nearly 10 million yuan and reduce coal consumption by 7,000 tons for every 1,000 tons of battery repair materials produced [2] Group 2: Industry Trends - The battery recycling market is expanding, with over 192,300 related companies registered in China as of October 2023, and an annual registration rate exceeding 40,000 from 2022 to 2024 [6] - The industry is characterized by a high value and high barrier to entry, with a low overall capacity utilization rate, making technological upgrades crucial for progress [2] - The Chinese government has implemented a multi-layered policy framework and subsidy mechanisms to promote the standardized development of the battery recycling industry, including 22 national standards for battery recycling [6]

Core Viewpoint - The leading Chinese health liquor brand, Jinjiu, is expected to achieve a 20% growth this year despite market challenges in the white liquor sector [3][7]. Market Supply and Pricing - There is no shortage of Jinjiu products in the Shenzhen market, with various bottle sizes available and prices remaining stable: 125ml at approximately 15 yuan, 258ml at around 30 yuan, and 520ml at about 58 yuan [4]. - The increase in young female customers purchasing Jinjiu is noted, with many buying smaller bottles for mixing or trying out new drinking methods [4]. Social Media Influence and Product Controversy - A drink known as "Auntie Water," made from Jinjiu, brown sugar, and ginger, has gained popularity among women, with claims of alleviating menstrual pain, leading to significant social media exposure [5]. - Jinjiu's company has issued a warning against exaggerated claims made by social media influencers regarding the drink's benefits, emphasizing that alcohol can worsen menstrual discomfort [5]. User Demographics and Growth Drivers - Jinjiu has seen a significant increase in young female users, with over 900,000 new users aged 18-30 in the past year, and 400,000 of them being women [6]. - The brand's success is attributed to its high cost-performance ratio and emotional value, particularly among younger consumers [6]. Sales Performance - Jinjiu's sales figures show a strong upward trend, with a reported revenue of 5.934 billion yuan from January to July 2024, marking a 27.66% year-on-year increase [7]. - The company anticipates a full-year growth of over 20% for 2023, contrasting with a decline in another brand, indicating Jinjiu's resilience in a challenging market [7].

Core Viewpoint - The Guangdong Provincial Health Commission and the Guangdong Provincial Drug Administration announced the fourth batch of designated medical institutions under the "Hong Kong-Macao Drug and Medical Device Access" program, bringing the total to 71 designated institutions in the Greater Bay Area [2]. Group 1: Designated Medical Institutions - The fourth batch includes 27 newly designated hospitals, with 44 hospitals passing the qualification review, and one hospital removed from the list due to closure [2]. - The designated hospitals are authorized to use urgently needed drugs and advanced medical devices that have been approved for use in Hong Kong and Macao [2]. Group 2: Program Implementation and Impact - The "Hong Kong-Macao Drug and Medical Device Access" program was officially implemented in Guangdong Province in 2021, with three previous batches of designated institutions announced in August 2021, February 2023, and September 2024 [2]. - A total of 140 varieties of Hong Kong and Macao drugs and medical devices have been approved for introduction and use, benefiting approximately 17,000 patients [2].

【深圳商报讯】(首席记者魏沛娜)12月8日，以"强化数智科技赋能，加快文化产业发展"为主题的2025 中国文化产业投资(深圳)年会在深圳举行。 科技赋能推动文化产业形态重构，一批新型文化企业强势崛起，有效拓展了文化产业的概念范畴。在权 威发布环节，清科集团、清华大学五道口金融学院、界面智通财经分别发布相关名单与行业报告，系统 回顾"十四五"发展成效、前瞻"十五五"发展趋势，为文化产业投资发展提供重要数据支撑与趋势指引。 诸多过去未被纳入文化产业范畴的企业，如今已成为新型文化产业的中坚力量，字节跳动、腾讯、中国 移动（600941）、上海报业、芒果TV、小红书、米哈游等企业均在此列。 中文投扎实的签约成果与清晰的发展规划成为会议焦点。会议期间，中文投签约合作再攀新高，共签约 9只子基金，总规模330亿元，中文投合计认缴出资60.7亿元；启动8只合作基金，总规模235亿元，中文 投拟认缴出资67亿元；共推动合作子基金总规模达565亿元，中文投拟出资规模合计127.7亿元，实现产 业资源的高效聚合与精准对接，在既有发展基础上实现新跨越。 本次年会由中国文化产业投资基金(简称"中文投")与紫荆文化集团联合主办，深圳国 ...

Core Insights - The battery recycling industry presents significant economic value and social benefits, with Shenzhen-based company XINWANDA demonstrating that recycling 1,000 tons of battery materials can reduce coal consumption by 7,000 tons and save nearly 10 million yuan [1][2] - By 2025, China's retired power battery volume is expected to reach 820,000 tons, and by 2028, it will exceed 4 million tons, with the industry value surpassing 280 billion yuan [1][4] Group 1: Company Developments - XINWANDA has established a specialized recycling materials company in 2023, marking a new phase of professional and large-scale operations in battery recycling [1][2] - The company has partnered with Southern University of Science and Technology to create a joint laboratory focused on battery recycling technology and the development of recycled materials [2] - XINWANDA's new recycling base in Tengzhou, set to be completed in November 2025, will feature fully automated production lines for efficient battery component separation and resource utilization [2] Group 2: Industry Trends - The battery recycling industry is characterized by high value and high barriers to entry, with current overall capacity utilization being low, necessitating technological upgrades [2] - The market for retired batteries is expanding, with over 192,300 related companies registered in China as of October 2023, and annual registrations exceeding 40,000 from 2022 to 2024 [5] - China's reliance on imports for key battery materials like cobalt and lithium exceeds 70%, highlighting the importance of recycling to ensure resource security [5] Group 3: Policy and Market Support - The Chinese government has implemented a multi-layered policy framework and subsidy mechanisms to promote the standardized development of the battery recycling industry [5] - As part of the incentive structure, a subsidy of approximately 42,000 yuan per bus is provided for replacing power batteries in urban public transport, aimed at stimulating the retired battery market [5]

Core Viewpoint - The major shareholder, Zhongyin Financial Asset Investment Co., Ltd., plans to reduce its stake in Guangbai Co., Ltd. by 7.2 million shares, bringing its ownership down to 4.99999% due to ongoing poor performance and limited profit opportunities since the company's restructuring [1][3]. Group 1 - Zhongyin Investment acquired shares in Guangbai Co. during a significant asset restructuring in 2021, paying approximately 506 million yuan for 63.049 million shares at a price of 8.03 yuan per share [2]. - Following the restructuring, Guangbai's stock price fluctuated between 3.97 yuan and 8 yuan, significantly below Zhongyin's acquisition cost, leading to challenges in liquidating their investment [2]. - In early 2023, Guangbai's stock price surged, allowing Zhongyin to reduce its holdings from 8.96% to 6% by selling 20.807 million shares between January 3 and January 15 [2]. Group 2 - Guangbai's financial performance has been declining, with a net profit of approximately 261 million yuan in 2021, followed by a loss of 143 million yuan in 2022, a profit of 36.165 million yuan in 2023, and an expected profit of 47.61 million yuan in 2024 [3]. - As of the close on December 8, Guangbai's stock price was 7.68 yuan, with a total market capitalization of 5.383 billion yuan, indicating the impact of the major shareholder's divestment on the company's market perception [3].

今年深圳全球招商大会，前海签约40个项目，总投资额超1700亿元，相比去年增加了近700亿元。数据 显示，2025年1—10月，前海合作区实际使用外资161亿元，同比增长27.1%，占深圳市比重为54.2%， 招商引资各项指标位居全市前列。 作为"国家全面深化改革创新试验平台"，前海在制度创新领域的持续突破，构成了吸引外资的核心软实 力。在中山大学自贸区综合研究院发布的最新一期中国自由贸易试验区制度创新指数排名中，前海蛇口 自贸片区在制度创新能力和水平上继续领先，连续4年位居全国57个自贸试验片区之首。 12月5日，在"开放链全球 创新领未来"为主题的深圳全球招商大会上，前海深港现代服务业合作区以 1700亿元的招商成绩获得"招商优胜区"称号，其中多个重点项目获评2024—2025年度"优秀落户项目"， 这已是前海连续第3年荣获深圳市"招商优胜区"称号，延续着这片开放热土"向前向海向未来"的招商强 劲势头。 汇丰银行广东区域总经理李其乐以汇丰前海证券为例说明："这个项目在2012年提出时，内地的监管规 则还没有放开'外资持股证券公司不得超过49%'的限制。作为港资金融机构，我们建议前海发挥'深港合 作'政策优 ...