1月6日，亚辉龙(688575)公告，公司近日与深圳脑机星链科技有限公司（简称"脑机星链"）签署了《战 略合作框架协议》，双方共同达成战略合作，通过整合脑机接口技术与临床和市场资源，共同开发脑机 接口相关在研产品及推进后续市场拓展及推广，提升在中枢神经疾病等领域诊疗技术水平。 亚辉龙称，该协议属于框架性协议，预计对公司本年度经营业绩不构成重大影响，对公司未来年度经营 业绩的影响将视后续具体项目推进和实施情况而定。 亚辉龙还称，脑机星链目前在研产品的技术路线为非侵入式技术路径，与马斯克创建的脑机接口公司 Neuralink在技术路线上存在本质区别，目前也尚无侵入式技术布局。 记者注意到，亚辉龙披露相关公告后，上交所火速下发问询函，并要求公司于1月8日之前披露回复。 上交所要求亚辉龙补充披露，脑机星链主要技术路线、主要产品类型、应用领域、产品所处研发或商业 化状态，其自身是否具备推进后续研发或商业化的各类资源；结合公司主营业务，说明双方产品在应用 领域、客户、渠道等方面的协同性，分析合作开展市场推广的可行性； 结合脑机星链产品研发进展，说明双方未来签署后续推广协议的预计时间安排，双方预计开展市场推广 和公司预计取 ...

根据中国证券业协会日前公布的2026年首批首发企业现场检查名单，被抽到企业共11家，其中包括洛阳 轴承集团股份有限公司（简称"洛轴股份"）。 深交所网站显示，洛轴股份拟冲刺创业板，公司IPO于2025年11月28日被受理，12月14日被问询，目前 暂未披露回复文件。 另外，洛轴股份还面临股权结构变动风险，公司股东股权被查封冻结。 招股书显示，2025年6月9日，公司收到江西省九江市中级人民法院《协助执行通知书》，公司股东中航 产投持有的4.995%股权被法院查封冻结，期限为2025年6月17日至2028年6月16日。 洛轴股份表示，截至招股说明书签署日，上述股权查封冻结事项尚未解除，若后续该事项未能妥善解 决，公司将面临股权结构变动的风险。 业绩方面，2022年至2024年及2025年上半年（简称"报告期"），洛轴股份实现营业收入分别为33.42亿 元、44.41亿元、46.75亿元和28.21亿元；归属于母公司股东的净利润分别为-0.67亿元、2.31亿元、2.51 亿元和2.57亿元。 招股书显示，报告期内洛轴股份应收账款占比也较高。公司各期应收账款账面余额分别为16.54亿元、 21.01亿元、24.7 ...

Core Viewpoint - The ongoing internal disputes at Chunhou Fund Management Co., Ltd. are significantly impacting its business operations and fund performance, with a notable decline in total fund size and potential fund terminations due to low asset values and investor numbers [1][2][3]. Group 1: Company Background - Chunhou Fund was established in 2018, located in Shanghai, with a registered capital of 100 million yuan. Its business scope includes public offering securities investment fund management, fund sales, and other activities permitted by the China Securities Regulatory Commission [2]. - The company has been facing internal conflicts, particularly between its major shareholders, which has drawn market attention [2]. Group 2: Management Changes - Qi Jieping, a key figure at Chunhou Fund, has been unable to fulfill her duties as a fund manager since May 2025 due to personal reasons, leading to the reassignment of her responsibilities to other managers within the firm [1]. - Qi Jieping's contract was set to expire in January 2025, and her departure has been complicated by the company's ongoing equity disputes [1]. Group 3: Financial Performance - As of the end of 2024, Chunhou Fund's total fund size was 23.142 billion yuan, a significant decrease from 32.422 billion yuan at the end of 2023 [3]. - By September 30, 2025, the total fund size further declined to 19.912 billion yuan, indicating a continued downward trend [4]. - Several funds managed by Chunhou Fund have issued warnings regarding potential liquidation due to their net asset values falling below 50 million yuan for 30 consecutive working days [3].

Group 1 - The Shenzhen Securities Regulatory Bureau issued a warning letter to Lixin Certified Public Accountants and its auditors for quality issues in the audit of Changhong Technology's 2023 annual report [2][3] - The audit deficiencies included inadequate procedures for share-based payment, inventory impairment, and incomplete audit working papers [3] - The bureau mandated Lixin to enhance audit quality control and submit a written report within 15 working days [3] Group 2 - Lixin is facing intensified regulatory scrutiny, with at least 7 penalties and measures expected in 2025, including warning letters and fines [4] - In 2024, Lixin received 17 administrative penalties and 75 administrative actions [4] - Changhong Technology, a national high-tech enterprise, has decided to continue employing Lixin for its 2025 financial audit and internal control audit [4]

雀巢公司在其网站发布声明说，已对可能受影响的产品进行了花生四烯酸(ARA)油脂及相关油脂混合物检测。截至目前，尚未接到因食用该配方奶粉导致 不适或患病的报告。 瑞士食品巨头雀巢公司1月5日宣布，因供应商提供的某一种原料存在"质量问题"，在德国、奥地利、丹麦、意大利、瑞典等欧洲国家预防性召回一批婴儿 配方奶粉。 ↓↓↓ 届时商报君将私信收集领奖地址。 数量有限，抓紧时间! END 编辑吴怡漪责编黎莉校审宋华 商报君精选 该公司同时公布了召回产品的图片和批次编号。这款奶粉在不同国家的商品名有所不同。 雀巢方面表示，已与涉事国家的相关主管部门取得联系，"以采取必要应对举措"。"我们正在采取行动，包括在必要时召回特定产品。" ...

Group 1 - The core point of the news is that Nanchang Sanrui Intelligent Technology Co., Ltd. has changed its IPO review status to "submitted for registration" on the Shenzhen Stock Exchange's ChiNext board, with Guotai Junan Securities as the sponsor [1] - Sanrui Intelligent was established in 2009 and primarily engages in the research, production, and sales of electric power systems for drones and robotic power systems [2] - The shareholding structure indicates that Wu Min controls 81.06% of the voting rights, holding 43.17% of the shares directly and controlling additional shares through family members and an investment partnership [2] Group 2 - The company has distributed dividends of 170 million yuan before its IPO, with Wu Min's family receiving over 100 million yuan based on their shareholding [2] - Revenue for the periods from 2022 to 2025 is reported as 362 million yuan, 534 million yuan, 831 million yuan, and 436 million yuan, respectively, while net profit attributable to the parent company is 113 million yuan, 172 million yuan, 333 million yuan, and 160 million yuan [2] - The average selling price of electric motors has decreased from 295 yuan per unit in 2022 to 110.40 yuan per unit in the first half of 2025, attributed to a higher proportion of small motor sales and a shift to processing cooperation with clients [3] Group 3 - The company experienced a revenue growth slowdown to 28.83% in the first half of 2025, which is explained as a short-term impact due to high capacity utilization and external market influences [4] - As of October 31, 2025, the company reported an order backlog of 177 million yuan, indicating a stable performance outlook despite the slowdown [4] - The company’s inventory values at the end of each reporting period were 92.52 million yuan, 106 million yuan, 156 million yuan, and 204 million yuan, with declining turnover rates noted [4]

Core Viewpoint - Qingyue Technology is under investigation by the China Securities Regulatory Commission (CSRC) for suspected false reporting of financial data, which may lead to significant penalties and potential delisting from the Shanghai Stock Exchange if found guilty [1]. Financial Performance - For the first three quarters of the previous year, Qingyue Technology reported total revenue of 476 million yuan, a year-on-year decrease of 13.64% [2]. - The company recorded a net loss attributable to shareholders of 43.35 million yuan, compared to a loss of 48.88 million yuan in the same period last year [2]. - In the third quarter alone, revenue was 147 million yuan, down 41.4% year-on-year, with net losses widening from 9.99 million yuan to 12.59 million yuan [2]. - The continuous losses are attributed to weak demand in the consumer electronics market and intensified competition, leading to declining product prices and increased inventory write-downs [2]. Regulatory Issues - Qingyue Technology has been issued a warning letter by the Jiangsu Securities Regulatory Bureau for three violations, including improper use of raised funds and undisclosed related-party transactions [3]. - The company is actively cooperating with the CSRC investigation and will provide monthly updates on the situation [1]. Market Reaction - Following the announcement of the investigation, Qingyue Technology's stock opened lower, dropping 2.31% to 5.91 yuan per share [3].

图片来源 微博截图 1月6日，据@特斯拉 消息，购买Model 3和Model Y、Model Y L车型可享受5年0息方案。 图片来源 微博截图 为刺激销量，特斯拉在2025年曾大幅降价，Model 3与Model Y全系最高降幅达到15万元，起售价跌至23.99万元的历史低点。尽管降价短期内拉动了订单 增长，但这种"以价换量"更像是一种"断臂求生"。 近日，特斯拉2025年全年交付数据正式出炉，表现堪称惨淡。1月2日晚间，特斯拉公布去年第四季度交付量为418227辆，同比下降近16%，在全球电动车 制造商排名中明显被甩在中国比亚迪（002594）身后。2025年全年总交付量也降至约163.61万辆，同比减少超过8%，创历史最大年度跌幅。 华尔街对特斯拉2026年的销量前景也不太看好。两年前的此时，分析师还预计特斯拉交付量将超过300万辆；而目前市场平均预期已大幅下调至约180万 辆。从全球主要市场来看，特斯拉正全线承压。2025年前11个月，特斯拉在欧洲的新车注册量下降39%。北美市场同样不容乐观。特朗普政府取消电动汽 车税收抵免、收紧补贴政策，进一步打击了特斯拉的销量。 Model 3/Y首付7.99万 ...

Core Viewpoint - Shenzhen Guangdao Digital Technology Co., Ltd. has been delisted from the Beijing Stock Exchange due to severe financial fraud, marking it as the first company to be forcibly delisted for major violations since the exchange's establishment [1][3]. Company Overview - Guangdao Digital was established in October 2003, focusing on data application software development and sales, particularly in the digital government sector. The company was listed on the New Third Board in November 2016 and became one of the first companies to list on the Beijing Stock Exchange in November 2021, initially seen as a high-growth stock due to its revenue growth [3]. Fraud Discovery and Investigation - The fraud was exposed in late 2024, following media reports on irregularities in intercepting audit confirmation letters. The Beijing Stock Exchange issued an inquiry, leading to a formal investigation by the China Securities Regulatory Commission (CSRC) [3][4]. - On September 12, 2025, the CSRC concluded its investigation, confirming serious systemic financial fraud. The Beijing Stock Exchange decided to delist Guangdao Digital on November 12, 2025, due to major violations [3][4]. Scale of Fraud - From 2018 to mid-2024, Guangdao Digital inflated its revenue by 1.466 billion yuan, with each period showing an inflation rate exceeding 85%. In 2022, the inflated revenue reached 304 million yuan, accounting for 99.39% of the reported revenue, while in the first half of 2024, the inflated revenue was 71.646 million yuan, representing 88.11% [4]. - The company also inflated its operating costs by 754 million yuan during the same period, with inflation rates ranging from 83.30% to 99.13% [4]. Involvement of Executives - The fraud was a collective effort involving multiple executives, including the controlling shareholder and CEO, Jin Wenming, who was aware of and allowed the fraudulent activities. Key figures like Zhao Lu, the former director and CFO, were central to organizing the fraud, while other executives participated in various capacities [4][5]. Regulatory Actions and Penalties - The Shenzhen Securities Regulatory Bureau imposed penalties on Guangdao Digital, including a fine of 10 million yuan. Jin Wenming was fined 15 million yuan and banned from the securities market for life. Zhao Lu and another executive received fines of 5 million yuan and 2.5 million yuan, respectively [5]. - A compensation fund of 210 million yuan has been established by the underwriting institution to compensate eligible investors for losses incurred due to the company's violations [5]. Stock Market Activity - Prior to and after the delisting, Guangdao Digital experienced significant speculative trading, with a 251.49% increase over six trading days in July 2025 and a subsequent 118% increase during the delisting period, indicating notable retail investor activity [5].

Core Viewpoint - The company, Aerospace Power, is facing legal challenges due to violations of information disclosure, with 615 lawsuits filed by investors seeking compensation for alleged false statements [3] Group 1: Legal Issues - The China Securities Regulatory Commission has imposed administrative penalties on the company and related individuals for information disclosure violations [3] - A total of 241 investors have filed lawsuits against the company, claiming it should bear responsibility for securities false statements [3] - As of the announcement date, 95 cases have resulted in a court ruling requiring the company to pay a total of 16.08 million yuan in compensation [3] Group 2: Financial Performance - The company has reported continuous net losses for four consecutive years from 2021 to 2024, with net profits of -197 million yuan, -39.96 million yuan, -195 million yuan, and -187 million yuan respectively [8] - In the first three quarters of 2025, the company achieved revenue of 510 million yuan, a decrease of 14.19% year-on-year, with a net loss of 109 million yuan, indicating an expanded loss compared to the previous year [8] - Cumulatively, the company has incurred losses of approximately 728 million yuan over the last four years and the first three quarters of the current year [8] Group 3: Stock Performance and Market Sentiment - Since November of the previous year, the company's stock price has surged, with a total increase of 366%, but recently experienced a decline of 6.70%, closing at 45.69 yuan per share, with a market capitalization of 29.16 billion yuan [3] - The company has issued multiple announcements regarding abnormal stock trading fluctuations, clarifying that its main business does not involve commercial aerospace and that its revenue from related activities is less than 2% [6] - The company has warned of risks associated with its stock price, indicating potential market overreaction and the risk of a rapid price decline [7]