据介绍，日本爱思专利事务所于1956年在日本大阪成立，如今已成长为日本规模领先的知识产权服务机 构。随着中国创新主体的国际参与度显著提升，该所敏锐把握中国的政策与发展机遇，决定在华设立首 家代表机构，并将深圳前海片区作为其深耕中国市场的首选落户地。 【深圳商报讯】（记者 李佳佳）近日，深圳知识产权服务领域迎来标志性突破，市市场监管局向日本 爱思专利事务所（弁理士法人R＆C）颁发了深圳市首张外国专利代理机构驻华代表处登记证。 据了解，这是深圳市首家获国家知识产权局批准设立的外国专利代理机构驻华代表机构，标志着市场监 管部门深入推进深圳综合改革试点工作，联动前海在知识产权服务业对外开放取得新的成果。深圳知识 产权服务业向国际化迈出关键一步，进一步完善了前海国际科技服务生态，为深耕海外市场的深圳创新 主体和服务机构搭建起跨境知识产权服务桥梁。 ...

Core Viewpoint - The launch of the "date liquor" series by Kweichow Moutai aims to enhance consumer engagement and potentially boost sales amidst a challenging market environment for the liquor industry [1][2]. Group 1: Product Launch and Market Strategy - Kweichow Moutai has introduced the "date liquor" series, allowing consumers to select their preferred production dates for the 53% vol 500ml Guizhou Moutai liquor, starting from October 20 [1]. - The "date liquor" concept is designed to create emotional value for consumers by packaging "time" as a high-end consumable, which could lead to increased sales and brand premiumization [2]. - The company has not disclosed the specific quantity of products available for this launch, nor confirmed whether the limited strategy of "one bottle per day" will continue [1]. Group 2: Market Conditions and Financial Performance - The liquor industry is currently experiencing a downturn, with a slowdown in consumer demand and significant fluctuations in the wholesale prices of Moutai's core products [1]. - Kweichow Moutai set a growth target of 9% for the year, achieving a revenue of 91.094 billion yuan, a year-on-year increase of 9.16%, and a net profit of 45.403 billion yuan, up 8.89% [2]. - However, the company's contract liabilities, seen as a future performance indicator, have significantly decreased, with advance payments dropping from 9.592 billion yuan to 5.507 billion yuan, reflecting a decline in distributors' willingness to stock products [2]. Group 3: Consumer Perception and Criticism - Some consumers have expressed concerns over the pricing strategy, noting that the market price for the "snake Moutai" is around 2,000 yuan, while it is being sold for 2,499 yuan on the i Moutai platform, raising questions about the value of the personalized service [2]. - Critics argue that Kweichow Moutai should focus on practical market strategies rather than flashy marketing gimmicks in light of the industry's changing dynamics [3].

Core Insights - TOP TOY, a潮玩 brand incubated by Miniso, is advancing its IPO project in Hong Kong, but has not yet produced a breakout self-owned IP in its five years of existence, highlighting a significant gap compared to industry leaders [1] - Miniso's founder, Ye Guofu, announced plans to close and reopen 80% of its stores over the next two years to shift from retail to cultural creativity, aiming to become a leading global IP operation platform [1] Financial Performance - TOP TOY reported a revenue of 742 million yuan in the first half of this year, a 73% year-on-year increase, but nearly half of this revenue came from Miniso, indicating a high dependency [1] - In 2024, TOP TOY's self-owned IP revenue was only 6.8 million yuan, accounting for less than 0.4% of total revenue [1] - Miniso's revenue for the first half of this year reached 9.393 billion yuan, a 21.1% year-on-year increase, with operating profit of 1.546 billion yuan, up 3.4% year-on-year; however, net profit decreased by 23.1% due to losses from investments in Yonghui Supermarket [1] Strategic Outlook - Analysts believe that Miniso's optimization of its large store strategy will improve store structure and operational efficiency, leading to gradual improvement in same-store sales [2] - The strengthening of the IP strategy is expected to enhance global competitiveness and drive the development of overseas business and the TOP TOY brand [2]

Core Insights - Shenzhen Guanghetong Wireless Co., Ltd. has officially listed on the Hong Kong Stock Exchange, becoming the second "A+H" listed company in Nanshan District this year [1] - The company raised a total of HKD 2.9 billion through the global offering of approximately 135 million shares at an issue price of HKD 21.50 per share [1] - The funds raised will primarily be used for research and development in robotics and edge AI, debt repayment, and to supplement working capital [1] Company Overview - Guanghetong was founded in 1999 and is recognized as the first listed wireless communication module company in China, having previously listed on the Shenzhen Stock Exchange in 2017 [1] - The company reported projected revenues of CNY 5.203 billion, CNY 5.652 billion, and CNY 6.971 billion for the years 2022, 2023, and 2024, respectively [1] - Projected annual profits for the same years are CNY 365 million, CNY 565 million, and CNY 677 million [1] Industry Context - Nanshan District currently has 218 listed companies, making it one of the regions with the highest density of listed companies in the country [1] - This year, five companies from Nanshan District, including Fengcai Technology and Kangzhe Pharmaceutical, have successfully listed overseas [1]

Core Insights - The three major telecom operators in China reported revenue and net profit growth for the third quarter, despite a slowdown in revenue growth [2] Group 1: Financial Performance - China Mobile reported a total revenue of 794.67 billion yuan for the first three quarters, a year-on-year increase of 0.41%, with a net profit of 115.35 billion yuan, up 4.03% [1] - China Telecom's revenue for the first three quarters was 394.27 billion yuan, a 0.59% increase year-on-year, with a net profit of 30.77 billion yuan, up 5.03% [1] - China Unicom achieved a revenue of 292.99 billion yuan for the first three quarters, a 1% increase year-on-year, with a net profit of 8.77 billion yuan, up 5.2% [1] Group 2: Daily Earnings - In the first three quarters, China Mobile earned an average of 427 million yuan per day, leading the sector [2] - China Telecom's daily earnings were 114 million yuan, while China Unicom's daily earnings stood at 33 million yuan [2] Group 3: User Growth - As of September 30, China Mobile had a total of 1.009 billion mobile customers, with a net increase of 4.56 million, and 622 million 5G customers, netting an increase of 23 million [3] - China Unicom's mobile customer base reached 356 million, with a net increase of 12.48 million, including 225 million 5G customers and 129 million fixed broadband users [3] - China Telecom reported a total of 437 million mobile customers, with a net increase of 12.67 million, and 292 million 5G customers, with a penetration rate of 66.9% [3]

此前的招股书显示，高威科主要供应商相对集中。2020年至2022年，公司从前五大供应商采购金额分别 为8.85亿元、11.35亿元和10.73亿元，占当期采购总额比例为78.13%、78.09%和78.89%。 【深圳商报讯】（记者 陈燕青）东土科技近日公告称，公司正在筹划通过发行股份等方式，收购高威 科电气技术100%的股权。 上半年东土科技实现营收3.9亿元，同比下降7%；净利润亏损8880万元。 值得注意的是，高威科曾3次IPO均告失败。 根据此前招股书的财务数据显示，2019年至2023年上半年，高威科分别实现营收11.07亿元、13.15亿 元、16.35亿元、15.24亿元及7.39亿元；归母净利润分别为1814.65万元、3704.99万元、4728.40万元、 5860.42万元以及3103.57万元。 资料显示，高威科经营范围广泛，涵盖技术开发、咨询、服务等，还销售工业自动控制系统等多种产 品，是三菱、施耐德、SMC、西门子、ABB等国内外知名自动化产品制造商的重要代理商之一。此次 交易对方初步确定为包括实际控制人张浔、刘新平在内的43名股东。 ...

Core Insights - The three major telecom operators in China reported revenue and net profit growth for the third quarter, despite a slowdown in revenue growth [2][3] - Total revenue for the three operators in the first three quarters reached 14,819.26 billion yuan, with a combined net profit of 1,549 billion yuan [2] Group 1: Financial Performance - China Mobile's revenue for the first three quarters was 7,946.66 billion yuan, a year-on-year increase of 0.41%, with a net profit of 1,153.53 billion yuan, up 4.03% [1] - China Telecom reported revenue of 3,942.70 billion yuan, a 0.59% increase, and a net profit of 307.73 billion yuan, up 5.03% [1] - China Unicom's revenue was 2,929.9 billion yuan, growing by 1%, with a net profit of 87.7 billion yuan, an increase of 5.2% [1] Group 2: User Growth - As of September 30, China Mobile had a total of 1.009 billion mobile customers, with a net increase of 4.559 million, and 622 million 5G network customers, netting an increase of 23 million [3] - China Unicom's mobile customer base reached 356 million, with a net increase of 12.48 million, including 225 million 5G network customers and 129 million fixed broadband users [3] - China Telecom had 437 million mobile customers, a net increase of 12.67 million, with 292 million 5G network customers and a penetration rate of 66.9% [3]

《方案》提出，力争到2027年底，并购重组市场量质齐升，累计完成并购项目超200单、交易总额超 1000亿元，落地一批行业示范案例。 在丰富拓展并购重组融资渠道方面，《方案》鼓励符合条件的企业综合运用现金、股份、定向可转债、 科创债券等方式实施并购重组，用好重组股份对价分期支付、配套募集资金储架发行等机制。鼓励银行 机构通过并购贷款、银团贷款、投贷联动等方式对企业市场化兼并重组给予信贷支持。 根据深圳证监局数据，自去年"并购六条"发布以来，截至今年6月，深圳上市公司公布并购重组预案215 笔，160笔重组事项披露交易金额，合计超过450亿元。 其中，既涉及国有控股上市公司，也有民营上市公司，既有同行业并购，也有围绕补链强链开展等类 型，不仅紧紧围绕公司主营业务和战略发展方向进行，也有助于促进产业协同和提高整体产业链竞争 力。 对此，北方一家券商投行高管分析称，《方案》强调助力战略性新兴产业集群和未来产业发展壮大，引 导资本流向人工智能、生物制药等新兴产业，通过协同并购来加速构建现代化产业体系，从而为深圳产 业升级注入发展动力。 深圳商报记者 陈燕青 受深圳出台并购重组行动方案消息刺激，10月23日早盘深圳本地 ...

数据显示，2025年前三季度公司毛利率为21.94%，较2024年同期的30.25%同比减少8.31个百分点，也较2024年报的28.78%减少6.84个百分 点。而净利率也从2021年的15.53%骤降至今年三季度的3.76%。 在半年报中，对于上半年净利润同比大幅下降73.68%的原因，洽洽食品解释称主要是由于葵花籽和核心坚果原料成本上升，与此同时，公 司主动调整产品结构、渠道结构等，加大了新品研发和势能渠道的费用投入，对公司利润情况产生影响。 洽洽食品还在半年报中提到，由于在2024年9月下旬内蒙古区域葵花籽收获期连续阴雨导致葵花籽的霉变率提升，符合公司质量标准的原 料产量减少，原料价格上升；公司巴旦木原料受供需关系影响、腰果原料受行业周期性及天气的影响，采购价格均有所上涨，原料价格的 上涨对公司毛利率影响较大。 值得注意的是，尽管公司账上货币资金仍超过40亿元，但经营活动现金流大幅下滑52.95%，主要因购买商品与接受劳务支付的现金大幅增 加。 有着"瓜子大王"之称的洽洽食品，正在经历自2011年上市以来罕见的业绩"寒冬"。 10月23日晚间，洽洽食品（002557）发布2025年三季度报告，今年前三 ...

连日来，深圳商报·读创客户端走访了深圳多家新瑞鹏宠物医院，试图了解公司以及行业目前相关情况。 2025年8月，新瑞鹏宠物医院集团的年中会议上，联席董事长李良强调要"坚决摒弃低质量扩张模式"，而创始人彭永鹤的缺席，为这场会议蒙上了一层意 味深长的色彩。与此同时，彭永鹤出走的消息在互联网上不胫而走，引发行业内外广泛讨论。 值得注意的是，10月中旬，新瑞鹏集团发生法定代表人变更。彭永鹤目前依然是集团董事长及总经理，但他不再担任法人，由魏山巍取代。魏山巍，是瓴 域（上海）投资有限公司的董事、华菁证券总经理。 公开信息显示，新瑞鹏的经营权已交由高瓴资本的代表负责，而彭永鹤则转战深圳市晓闻智慧医疗科技有限公司，投身于宠物AI医疗与供应链领域的创 业。 与此同时，基层医生反映工作强度与回报不匹配。一位前宠物医生在互联网上透露，她曾每周工作六天、每天超过10小时，月薪仅六七千元，最终因健康 原因与医患关系压力选择离职。据《中国消费者报》2023年6月报道，以"宠物医院"为关键词在黑猫投诉平台的投诉量已达1480件，新瑞鹏作为主要品牌 之一成为投诉焦点，问题集中在费用不透明、过度医疗、误诊及资质争议等方面。 另一方面，看似高毛 ...