下半年业绩或仍下滑，区域枷锁难破 【中国白酒网】今世缘(603369)开始争夺低度白酒市场。 近日南京秋糖期间，今世缘推出了低度酒新品"今世缘•多少"，酒精度为22度。据悉，这是今年知 名白酒企业争相推出的低度白酒当中，目前为止度数最低的，低于26度的古井贡低度酒新品。 今世缘酒业副董事长、副总经理、总工程师吴建峰称，新品拥有将低度从"淡而无味"的缺点扭转 为"新时代饮酒哲学"的优点，同时透露今世缘还将开发轻养生酒品，甄选人参、龙眼肉等中药材，融合 草本活性成分，满足健康需求。 酒精度40度以下的白酒，被定义为低度酒。从1974年问世的38度张弓酒算起，中国低度白酒问世已 有五十多年，头部名酒全部都有低度酒研发历史。 记者发现，在最新披露的《投资者来访接待记录表》中，今世缘也对低度酒设计方面进行了一些回 应。 今世缘表示，低度酒消费主要是适应大口喝酒的场景，但未来大口喝酒的场景会比较少。以前有很 多场景是被动饮酒，低度酒喝起来比较舒服，喝多了对身体的伤害也比较小。但以后自由随性小酌的时 候，消费者还是会更多看重口感的舒适度，只有口感"低而不淡"的产品才会受欢迎。此外，太低的酒度 若仍然小口品尝，对于情绪的调动 ...

除此之外，深圳还鼓励和吸引影视剧组来深拍摄取景。最近前海就提出，对深港合作拍摄电影、电视剧 等项目，在前海取景，可叠加获50万元奖励。笔者认为，深圳要多多"出镜"，因为影视流量是塑造和推 广城市形象的重要力量；深圳还应该鼓励影视作品在深圳取景时多使用真实名称，而非以虚构地名作模 糊化处理，这样更有利于影视流量的转化。 众所周知，香港拥有多元城市形象，这种形象的塑造和传播与香港影视产业的繁荣有很大关系。港产影 视作品的大量取景，不仅让香港的城市景观转化为具有全球辨识度的视觉符号，而且让香港呈现出中西 文化荟萃、传统与现代交织的多元魅力。 香港影视作品不仅把镜头对准了地标建筑，也对准了很多小街小巷，这些街巷的名字甚至被取进了片名 中，比如《庙街故事》《月满轩尼诗》等，这让影迷们哪怕初到香港，看到熟悉的地名都会产生亲切 感。影视作品中富含的情感与文化，能让城市形象变得可感可亲，会激发人们亲身造访，因而推动 了"跟着电影游香港""跟着韩剧游韩国""跟着哈利·波特游伦敦"等现象的兴起。 深圳也有过这样的受益。电影《奇迹·笨小孩》就明确故事发生在深圳，影片中多次出现深圳真实地 名。实景拍摄与地名的统一强化了故事的真实感， ...

Core Points - The "Chief Engineer Studio" selection has been completed in Guangming District, with Shenzhen Meisi Advanced Electronics Co., Ltd. and the Shenzhen Institute of Advanced Technology recognized for 2024 [1][2] - Each awarded studio will receive a subsidy of 500,000 yuan [1] - The initiative aims to discover outstanding engineering talents that align with the district's industrial development direction [2] Company Summary - Dr. Wu Bin, the chief engineer of Meisi Advanced Electronics, is recognized for his extensive experience in MEMS sensor research and industrialization, making him a key technical figure in the domestic MEMS sensor industry [1] - Dr. Li Ye, the chief engineer from the Shenzhen Institute of Advanced Technology, focuses on laboratory automation and biophysics, with the core product being the "Xingpan" integrated laboratory automation system [1] Industry Summary - The selection activity is part of Guangming District's efforts to enhance its talent incentive mechanism and stimulate innovation among engineering professionals [2] - The district plans to deepen the cultivation of the engineering workforce and explore more series of talent activities [2]

前三季度，深圳外商投资企业进出口9268.8亿元，增长12.7%，占27.6%。这一成绩的背后，是深圳持续 打造吸引外资"强磁场"的努力。据悉，仅2025年1至7月，全市新设外商投资企业超6800家，同比增长超 70%；实际使用外资230亿元，同比增长14%。外贸"朋友圈"不断巩固和扩大。 今年前三季度，深圳对前十大贸易伙伴合计进出口2.63万亿元，增长2.2%，占78.3%。其中，对香港地 区、台湾地区、欧盟、韩国、日本、墨西哥进出口分别增长8.6%、16.2%、2.4%、8.2%、17.3%、 1.6%。 在贸易形式上，前三季度，深圳以一般贸易方式进出口1.81万亿元，占同期深圳进出口总值的 53.8%，占比过半。同期，以保税物流进出口9024.3亿元，增长8.7%，占6.8%，增速较快；以加工贸易 进出口6356.4亿元，增长2.1%。 进口方面，得益于人工智能技术加快应用，相关电子零部件进口快速增长。前三季度，深圳进口机电产 品1.08万亿元，增长10.7%，占同期深圳进口总值的81.4%。其中，进口集成电路5917.5亿元，增长 17.7%；进口以显卡、服务器为主的电脑零部件2229.6亿元，增长2 ...

此外，深圳乐有家研究中心的数据显示，上周日（10月19日），乐有家二手住宅门店签约量创下今年4 月21日以来的单日高点，对比前一周日（10月12日）上涨28%，更是远超国庆假期的单日签约量。带看 方面，上周日二手看房量同样处于近期高点，远超国庆假期看房热度。 乐有家研究中心分析，目前深圳楼市整体交易活跃度处于下半年高位水平，由于今年国庆假期，出游人 数显著增多，因此部分置业需求延后至上周末释放。 【深圳商报讯】（首席记者 李秀瑜）记者从市房地产中介协会获悉，今年第42周，深圳二手房周录得 量1696套，环比增长39.1%，创近半年来单周新高。新房周成交883套，环比增长100.7%。 据统计，2025年第42周（10月13日-10月19日），深圳二手房（含自助）录得1696套，环比增长39.1%， 二手房录得量创近半年来单周新高。全市新房（预售+现售）成交量节后出现修复性增长，新房周成交 883套，环比增长100.7%。 从区域看，龙岗区域二手房录得量激增，为502套，领先其他区域。从片区看，龙岗双龙片区异军突 起，录得量222套，周录得量为各片区第一。 ...

截至10月16日，深圳今年第四季度计划入市的商品房项目包括：住宅1307480.51平方米，10112套；商 务公寓205780.79平方米，1215套；商业31779.77 平方米，391套；办公56812.63平方米，616套。 记者了解到，相比今年三季度（33个项目，房源面积为约135万平方米），四季度供应的商品房项目数 量及房源面积明显增加。其中，不乏大户型改善性房源。近日，位于前海桂湾片区的深铁前海时代尊府 全新创意美学样板间正式开放，因其将于四季度加推215平方米以上的大户型改善性住房而引发关注。 计划入市商品房项目39个，供应房源12334套 【深圳商报讯】（首席记者 李秀瑜）记者从深圳市住房建设局获悉，2025年第四季度，深圳计划入市 商品房项目39个，预计供应房源面积为1601853.70平方米，12334套。 相较今年三季度，四季度供应的商品房项目数量及房源面积明显增加。 现场工作人员介绍，尊府创意美学样板间开放当日，意向登记客户已近百组，"很多从南山、福田过来 的想换房的家庭，很多家庭都是祖孙三代一起来看房。" 目前，适逢"金九银十"楼市传统销售旺季，以及楼市新政利好的加持，深圳楼市热度 ...

【深圳商报讯】（记者 陈燕青）随着A股的走强，百亿私募的数量重新逼近百家。私募排排网数据显 示，截至今年9月底，百亿私募数量增至96家，与8月底相比数量增加5家。其中，首次新晋的百亿私募 有3家，分别为正瀛资产、开思私募和太保致远（上海）私募；此外，红筹投资和源峰基金重回百亿阵 营。 从百亿私募策略来看，74家百亿私募核心策略为股票策略，占比为77.08%；12家百亿私募核心策略为 多资产策略，占比为12.50%；6家百亿私募核心策略为债券策略，占比为6.25%；2家百亿私募核心策略 为期货及衍生品策略，占比为2.08%；另有2家百亿私募暂未披露核心策略。 今年前三季度纳入统计的62家百亿私募整体表现亮眼，平均收益率达28.8%，其中61家实现正收益，正 收益占比高达98.39% 从投资模式来看，当前96家百亿私募中，量化私募数量最多有45家，占比为46.88%；主观私募其次有 42家，占比为43.75%；混合私募有7家，占比为7.29%；另有2家私募暂未披露投资模式。值得一提的 是，新晋的5家百亿私募中，主观私募有4家，分别是红筹投资、开思私募和源峰基金，混合私募有1家 为正瀛资产，太保致远（上海）私募暂未 ...

Group 1 - The public REITs market in China has seen a surge in new fund launches, with 19 new public REITs issued this year, and the total initial issuance scale expected to exceed 200 billion yuan [1] - Two recently launched REITs, Huaxia Zhonghai Commercial REIT and CITIC JianTou Shenyang International Software Park REIT, sold out their public offering in one day, leading to an early end of fundraising and a proportional allocation [1] - The effective subscription confirmation ratios for the two REITs were notably high, with Huaxia Zhonghai Commercial REIT seeing a public investor subscription ratio of 0.2763% and an institutional investor ratio of 0.312%, resulting in effective subscription multiples of 361.9 times and 320.5 times respectively [1] Group 2 - The performance of listed REITs has shown some divergence, with the CSI REITs Total Return Index declining recently, despite a year-to-date increase of 7.36% [2] - The best-performing REIT this year is E Fund Huawai Agricultural Market REIT, which has seen returns exceeding 75% [2] - There are 10 REITs that have reported negative returns this year, with Zhongjin Hubei Keti Guanggu REIT down nearly 18% and Dongwu Suyuan Industrial REIT down nearly 7% [2]

Core Insights - Both Xiaoma Zhixing and Wenyuan Zhixing have successfully passed the Hong Kong Stock Exchange's review, indicating their qualification for listing [1] - The dual listing in Hong Kong is seen as a strategic move to establish a "US + HK" dual listing structure and broaden financing channels [1] - The companies are set to go public in the US in 2024, with Xiaoma Zhixing planning to issue up to 102,146,500 shares and Wenyuan Zhixing 102,428,200 shares [1] Company Overview - Xiaoma Zhixing was founded in 2016 and focuses on providing comprehensive autonomous driving technology, launching its Robotaxi service in December 2018 [2] - Wenyuan Zhixing, established a year later, aims to develop reliable autonomous driving technology with a product matrix that includes Robotaxi, Robobus, Robovan, Robosweeper, and Advanced Driver-Assistance Systems [2] - Both companies share a common background, with founders from Baidu's autonomous driving division [2] Business Strategies - Xiaoma Zhixing emphasizes deepening its Robotaxi business and has partnered with major automotive companies like Toyota and BAIC, while also expanding into Robotruck services [3] - Wenyuan Zhixing has diversified its offerings across five product lines, including ride-hailing, on-demand buses, urban freight, smart sanitation, and advanced driver-assistance solutions [3] Financial Performance - Wenyuan Zhixing reported a revenue of 127 million yuan in Q2 2025, a 60.8% year-on-year increase, with its Robotaxi business contributing 45.9 million yuan, up 836.7% [3] - Xiaoma Zhixing's revenue for the first half of 2025 reached approximately 25.1 million yuan, a 43.3% increase year-on-year, with Robotaxi revenue surging 178.8% [3] - Overall, Xiaoma Zhixing shows an edge in revenue growth and scale, while Wenyuan Zhixing excels in gross margin and Robotaxi revenue growth [3] Market Impact - The dual IPOs are expected to attract more capital market attention, with Wenyuan Zhixing being the only Chinese autonomous driving company to secure investment commitments from Uber and Grab [4] - Xiaoma Zhixing has also attracted significant investments from notable institutions, including a $12.9 million investment from ARK Invest [5] - The IPOs are anticipated to enhance financing capabilities, allowing for accelerated technology development and market expansion [6] Industry Outlook - The global Robotaxi service market is projected to reach $66.6 billion by 2030, with a compound annual growth rate of 195.6% from 2025 to 2030 [6] - As leaders in the commercialization of Robotaxi services, both companies are positioned to benefit from industry growth and market opportunities [6]

Group 1 - Recent years have seen a trend of Chinese concept stocks returning to Hong Kong for listing, with companies like Hesai Technology, Tianjing Biotechnology, WeRide, and Pony.ai announcing their plans or progress for Hong Kong listings [1][2] - Pony.ai plans to issue up to 102.1 million shares and has a current market value exceeding $7 billion, while Tianjing Biotechnology aims for a dual listing in Hong Kong to enhance collaboration with global innovators and diversify its investor base [1][2] - WeRide has received approval from the China Securities Regulatory Commission for its Hong Kong listing, intending to issue up to 102.4 million shares, and is noted for holding autonomous driving licenses in seven countries [1] Group 2 - Hesai Technology became the first lidar company to achieve a dual primary listing on the Hong Kong Stock Exchange, raising approximately HKD 4.16 billion and reaching a market value of HKD 35.85 billion on its first day [2] - Since the reform of the Hong Kong listing system in 2018, over 30 Chinese concept stocks have returned to Hong Kong, including major players like Alibaba, JD.com, and Baidu, representing a significant portion of the internet sector [2] - There are three main methods for Chinese concept stocks to return to Hong Kong: privatization and re-listing, secondary listings, and dual listings, with 34 companies having returned since 2018 [2] Group 3 - The return of Chinese concept stocks to Hong Kong is seen as a strategic move amid U.S. regulatory and geopolitical uncertainties, providing companies with better funding opportunities and faster listing processes [3] - The industry focus of returning companies has primarily been on internet platforms and biotechnology, with expectations for future expansions into emerging sectors such as semiconductors, industrial software, and intelligent driving [3]