Core Insights - The rise of AI in the quantitative private equity sector is highlighted by the recent achievements of domestic firms like NianKong Technology, which has made significant strides in AI applications for finance [1][2] - As of May 23, 2023, there are 39 domestic quantitative private equity firms managing over 10 billion yuan, with 15 of them actively engaging in AI-related investments [1] Group 1: Company Developments - NianKong Technology has collaborated with Shanghai Jiao Tong University to submit a research paper on large model training methodologies to the international NIPS conference [1] - The establishment of Shanghai QuanPin Siwei Artificial Intelligence Technology Co., Ltd. by NianKong Technology focuses on cutting-edge AI research [1] - NianKong Technology, founded in 2015, operates two quantitative private equity firms, NianJue Assets and NianKong Data Technology, and is recognized as an early adopter of AI in the financial sector [1] Group 2: Performance Metrics - NianKong Technology's quantitative products have shown impressive performance, with an average return of 21.50% over the past year across four products [1] - Specific products managed by NianKong's founder, Wang Xiao, achieved returns of 33.96% and 23.24% over the past year [1] - Among the 15 billion-yuan AI quantitative private equity firms, 13 have reported products with more than three performance records, yielding an average return of 29.91% over the past year [2] Group 3: Industry Trends - The integration of AI in quantitative investment has become increasingly significant, with a noticeable divergence in returns between subjective long and quantitative long strategies since 2020 [2] - The technological advancements in AI are paving the way for quantitative investment, making "AI + Quantitative" a crucial consideration for investors in the future [2] - DeepSeek, backed by Liang Wenfeng's firms, has set a benchmark in the industry, with its affiliated firm, Huanfang Quantitative, leading in average returns over the past six months and year [2]

Core Viewpoint - Major brokerages are optimistic about the A-share market in the second half of 2025, anticipating a structural bull market driven by multiple policy benefits and industrial upgrades [1][2]. Market Outlook - Brokerages such as Industrial Securities, CITIC Securities, and Everbright Securities predict a "structural bull" market for the capital market in the second half of 2025 [2]. - Industrial Securities' chief strategist Zhang Yidong believes that A-shares will exhibit characteristics of "stable index, structural bull" in the long term, highlighting the attractive valuation of Chinese assets [2]. - CITIC Securities' chief A-share strategist Qiu Xiang expects a bull market for equity assets starting from Q4 2025, with a significant shift in market style towards core assets [2]. - Everbright Securities' chief strategist Zhang Yusheng notes that the gradual recovery of fundamentals, along with macro and micro liquidity, will drive market growth, leading to a structural bull market [2][3]. Sector Preferences - Investment opportunities in the second half of the year should focus on four key areas according to Industrial Securities' chief strategist Zhang Qiyao: technology trends marked by DeepSeek, domestic service consumption, dividend assets, and sectors like gold and military [4]. - Qiu Xiang emphasizes the importance of increasing allocations to Hong Kong stocks and focusing on leading companies in emerging and traditional industries [4]. - Open Source Securities' chief strategist Wei Jixing suggests five focus areas: domestic consumption, technology growth in AI and robotics, industries with improved costs, sectors benefiting from overseas opportunities, and stable dividend stocks [4]. - Li Chao from Zheshang Securities advocates for a focus on dividend-related sectors and technology, anticipating adjustments in institutional allocation due to new public fund regulations [4].

【深圳商报讯】（首席记者李秀瑜）记者从深铁集团获悉，深铁阅云境可售人才房启动配售，此次可提 供房源287套，配售均价为27800元/平方米。有意向的家庭可登录深圳市住房和建设局网站线上填报申 请信息。 该项目《配售通告》明确，认购本批次住房，按照申请家庭资格条件分为四个队列。其中，申请人具有 全日制专科学历，或者具有中级及以上专业技术资格，且具有中专及以上学历，或者具有技师、高级技 师职业资格或高级职业资格即可申请可售人才房。同时，满足条件的年龄满30周岁的单身申请人也可申 请可售型人才房。符合条件的申请人家庭人口数为3人，可申请认购三房户型住房。 记者了解到，阅云境项目衔接大运枢纽，目前地铁3、14、16号线在此交汇，未来还将接入深大城际。 通过大运枢纽，居民可以便捷地到达岗厦北、机场等地，从龙岗到达福田仅需28分钟，未来更可直达前 海。 有意申购本批次住房的申请人可进入市住房建设局网站线上提交申请材料，线上申请认购时间截至2025 年6月6日18:00。认购申请家庭已签订其他保障性住房项目认购协议书且仍有效的，此次认购申请将不 予受理。 阅云境广场项目位于龙岗区园山街道龙岗大道西侧、荷风路南侧。本批次配售 ...

Core Insights - The event focused on high-end manufacturing enterprises' power quality management, with the Shenzhen Power Supply Bureau releasing the first "Enterprise Power Quality Service Guidelines" to provide precise services for power quality-sensitive users [1][2] Group 1: Event Overview - The event included three main segments: thematic sharing, guideline release, and a roundtable forum, facilitating in-depth dialogue between experts and enterprises on targeted power quality management solutions [2] - Experts from Shenzhen Power Supply Bureau, South China University of Technology, and TCL Huaxing Optoelectronics shared insights on the causes of voltage sags and comprehensive prevention strategies [2] Group 2: Guidelines and Recommendations - The released guidelines systematically outline the causes and impacts of voltage sags, current domestic and international management status, and provide service measures from the grid side and protection requirements from the user side [2] - The guidelines include detailed service instructions and typical case studies to enhance the effectiveness of enterprise power quality management services [2] Group 3: Future Directions - The Shenzhen Power Supply Bureau plans to continue focusing on the needs of high-end manufacturing and optimize service mechanisms and management technology solutions to support the sustainable development of strategic emerging industries in Shenzhen [3]

Group 1 - Tencent has launched the largest employment plan in its history, aiming to create 28,000 internship positions over three years, with 10,000 positions expected in 2025, focusing 60% on technical talent [2] - The recruitment initiative includes campus presentations at 40 universities and online recruitment events, reaching over 400,000 potential candidates [2] - The recruitment plan covers over 70 job types across five categories, with a significant emphasis on technology roles such as artificial intelligence, big data, and cloud computing, accounting for over 60% of the openings [2] Group 2 - Tencent provides a comprehensive training system and learning resources for graduates, facilitating their transition from campus to workplace [3] - The company has seen a steady increase in recruitment, contributing to the creation of over 50 million direct and indirect job opportunities through its WeChat ecosystem [3]

Group 1 - Several ST companies, including *ST Dongyuan and *ST Kexin, have applied to remove their ST status following the annual report disclosures, with over 10 companies achieving this since May [1] - The reasons for the removal of delisting risk warnings include improvements in financial indicators, such as turning losses into profits through restructuring and rectifying previous issues related to fund occupation and internal controls [1] - *ST Dongyuan announced that its stock would be suspended for one day on May 28 and would resume trading on May 29, with the removal of delisting risk warnings and a change in stock name to "Dongfang Garden" [1] Group 2 - Many ST companies experienced significant stock price increases prior to the removal of their ST status, but saw declines immediately after, indicating that the positive news may have already been priced in [2] - Despite the removal of ST status, some companies still reported poor performance, such as Jinshi Technology, which had a revenue of 376 million yuan but a net loss of 4.397 million yuan last year [2] - Certain ST stocks that have removed their ST status still face potential investor claims, as seen with *ST Nongshang, which may face lawsuits for failing to disclose its 2023 performance forecast [2]

Group 1 - The core point of the news is that Shenzhen Feisu Innovation Technology Co., Ltd. has submitted an IPO application to the Hong Kong Stock Exchange after previously failing to list on the A-share market [1][4] - Feisu Innovation is a network solutions company offering high-performance network devices, scalable operating systems, and cloud network management platforms, utilizing an online DTC business model [3] - The company's projected revenues for 2022, 2023, and 2024 are 1.988 billion, 2.213 billion, and 2.612 billion respectively, with gross profits of 903 million, 1.092 billion, and 1.3 billion, and net profits of 365 million, 457 million, and 397 million [3] Group 2 - The company faced regulatory scrutiny in early 2025, receiving multiple warning letters from the Shenzhen Stock Exchange regarding its IPO application and internal controls [4][7] - The Shenzhen Stock Exchange highlighted deficiencies in the company's internal controls related to its information systems, which failed to accurately reflect product sales and other critical data [7] - Feisu Innovation's major shareholder, the chairman and general manager Xiang Wei, holds a 56.65% stake, with the total control of the company being 61.13% [3]

深圳商报·读创客户端记者 穆砚 因公司2024年度经审计的期末净资产为负值，且2024年度财务报表被中审众环会计师事务所(特殊普通 合伙)出具了无法表示意见的《2024年度审计报告》，以上触及《股票上市规则》所规定财务类退市的 情形，公司股票已被上海证券交易所实施退市风险警示。公司2024年年报显示，2024年度累计发生亏损 65.81亿元，截至2024年12月31日，资产总额100.64亿元，负债总额101.44亿元，净资产为-0.80亿元。公 司2025年第一季度报告显示，截至2025年3月31日，资产总额99.50亿元，负债总额100.07亿元，净资产 为-0.57亿元，仍然资不抵债。如2025年年报披露后，仍不满足《股票上市规则》规定的撤销退市风险 警示的条件，公司股票将被实施强制退市。 5月28日午间，锦州港股份有限公司（以下简称"*ST锦港（600190）"或"公司"）发布关于股票交易暨退 市风险提示公告。公告称，公司已连续多日提示将被实施重大违法强制退市等退市风险，近日公司股价 大幅波动，存在交易风险，敬请广大投资者理性投资并注意投资风险。 公告透露，公司于2025年4月29日收到中国证券监督管 ...

Group 1 - The 14th International Space Design Award IDEA-TOPS was held in Shenzhen, receiving a record 7,026 entries from 75 countries, highlighting its global reach and significance in the design industry [1] - The event was co-hosted by various organizations, including the Guangdong-Hong Kong-Macao Cooperation Promotion Association and the Shenzhen Science and Technology Association, indicating strong regional support for cultural and creative industries [1] - Chinese designers won 9 awards, with notable projects such as the "Global Best Entertainment Space Design Award" for Xi'an Fangzun KTV and the "Global Best Display Art Design Award" for Jiangxi Poly Langyue Sales Office, showcasing the talent and innovation in China's design sector [1] Group 2 - The Lifetime Achievement Award was presented to renowned architect Zhang Qinnan, marking only the third time this award has been given in 13 years, which underscores the prestige of the accolade within the architectural community [2] - The awards reflect a shift in architecture from technical innovation to humanistic care, as stated by Meng Jianmin, emphasizing the evolving role of architects as both creators of space and guardians of civilization [2]

Core Insights - In January 2025, a significant influx of overseas users began to engage with Xiaohongshu, leading to a unique cultural exchange where users shared pet experiences, assisted with English homework, and learned Chinese cooking from Chinese users [1][2] - The primary challenge faced by Xiaohongshu was the language barrier, prompting the need for effective communication tools to facilitate user interactions [1] Group 1: Technological Developments - Xiaohongshu quickly developed a "one-click translation" feature in response to user demands, allowing automatic translation of English comments into Chinese, thus streamlining the user experience [1] - The translation functionality is built on a multi-modal AI model that integrates Natural Language Processing (NLP), Optical Character Recognition (OCR), and Computer Vision (CV), enabling the system to understand not just text but also cultural nuances such as memes [1] - A dynamic learning mechanism is in place where user edits to translations contribute to ongoing model training, particularly enhancing the understanding of culturally sensitive content [1] Group 2: Cultural Integration - The company emphasizes that its translation capabilities extend beyond mere word-for-word translation to encompass cultural adaptation, reflecting the diversity of human civilization [1] - Xiaohongshu's approach illustrates the importance of embedding technology within a humanistic framework, transforming barriers into bridges for communication [2]