Core Viewpoint - Shenzhen Xunce Technology Co., Ltd. has submitted its listing application to the Hong Kong Stock Exchange, with Guotai Junan International as its sole sponsor, after previous applications in March and September 2024 became invalid [1] Company Overview - Established in 2016, Xunce Technology is a provider of real-time data infrastructure and analytical solutions, primarily serving institutional asset managers, including insurance companies, bank asset management departments, securities firms, corporate treasury, family offices, and high-net-worth individuals [1] - The company is controlled by Liu Chengxi, who indirectly holds approximately 28.86% of the issued share capital through various entities [1] Financial Performance - Revenue for the reporting periods (2022 to 2024, and the first half of 2025) was reported as follows: CNY 288 million in 2022, CNY 530 million in 2023, CNY 632 million in 2024, and CNY 198 million in the first half of 2025 [2] - Despite steady revenue growth, the company has faced increasing losses, with net losses reported as CNY 96.51 million in 2022, CNY 63.39 million in 2023, CNY 97.85 million in 2024, and CNY 108 million in the first half of 2025 [3][4] Customer Metrics - The total number of paying customers was 182 in 2022, increasing to 200 in 2023, and 232 in 2024, but dropping to 121 in the first half of 2025, indicating a nearly 30% year-on-year decline [3][5] - The net revenue retention rate has also declined significantly, from 98% in 2023 to 36% in the first half of 2025, primarily due to a slowdown in client spending and project delays in the asset management sector [3][4] Market Position and Strategy - Xunce Technology emphasizes its focus on expanding revenue and market share rather than immediate profitability during its early business development phase [3] - The company has established a leading market position in the asset management industry and sees opportunities to expand its customer base across various sectors [5]

Core Viewpoint - Shenzhen's supermarkets and wholesale markets are actively preparing for Typhoon Haikui by ensuring sufficient stock and stable prices for essential goods, implementing emergency supply plans to meet consumer needs [1][2][5] Group 1: Supermarket Preparedness - Major supermarkets like Walmart, Sam's Club, and Tianhong have increased their inventory of essential items such as drinking water, fresh vegetables, and meat products to ensure supply stability [1][2] - Tianhong has enhanced its logistics and inventory management, ensuring that stock levels meet demand for at least two days, focusing on essential goods like vegetables and packaged foods [1][3] - Walmart has activated its emergency plan, ensuring stable operations and sufficient reserves of daily necessities, while also enhancing logistics arrangements [1][2] Group 2: Community Response - Local community stores are experiencing high customer traffic, with residents actively purchasing essential food items, indicating a strong demand for supplies ahead of the typhoon [4] - Consumers report that prices for vegetables and meat remain stable, with some items even being cheaper than usual, reflecting effective supply chain management [4] Group 3: Wholesale Market Operations - Shenzhen's wholesale markets, including the Hai Jixing vegetable market, are reporting high incoming supply volumes, with expectations to exceed 7,000 tons by the morning of September 23 [5] - The market has increased its daily supply capacity to 5,500 tons, ensuring that essential goods are available during the typhoon [5] - The Deep Agricultural Group is leveraging its national supply network to ensure timely delivery of goods, maintaining a robust supply chain to prevent shortages [5]

Group 1 - Tianma Microelectronics Co., Ltd. announced the election of Cheng Wei as the chairman of the board, with a term consistent with the current board [1] - Cheng Wei, born in 1981, joined Tianma in 2007 and has progressed through various key roles in technology research and enterprise management, holding 7,700 shares in the company [1] - Tianma specializes in customized display solutions, focusing on mobile displays and automotive displays as core businesses, with IT displays as a key growth area [1] Group 2 - Wang Lei has been appointed as the general manager of Tianma, nominated by Chairman Cheng Wei, and holds 7,800 shares in the company [1] - Wang Lei, born in 1971, has extensive experience in the industry and has held multiple management positions within Tianma since joining in 1993 [1] Group 3 - Other electronic companies in China, such as China Electronics and Konka Group, have also experienced executive changes this year [2] - China Electronics, a state-owned enterprise, has appointed Li Ligong as the party secretary and chairman, with total assets of 433.6 billion yuan and 18.9 million employees [2] - Konka Group has integrated into China Resources Group's technology and emerging industries sector, with a significant number of board members and executives having backgrounds in China Resources [2]

Core Viewpoint - The company Jinzi Ham (002515) plans to invest up to 300 million yuan in Zhongsheng Microelectronics (Hangzhou) Co., Ltd. through capital increase and expansion to seize opportunities in the AI and optical communication industries [1] Investment Details - The investment will occur in two rounds, aiming to acquire no more than 20% equity in Zhongsheng Microelectronics, with the first round based on a pre-investment valuation of 1 billion to 1.3 billion yuan [1] - The specific amount and shareholding ratio will be finalized after due diligence and negotiations [1] Company Background - Zhongsheng Microelectronics, established in 2019, focuses on the R&D and design of high-speed optical module core chips for applications in AI, cloud computing, and 5G/5.5G [1] - The company has a top-tier design team and has been listed in the "China Future Unicorn TOP100" for 2024 and 2025 [1] Strategic Rationale - The investment aims to broaden investment channels and align with the trends of the digital economy, providing new opportunities for the company's future business growth [1] - The company's main business has been slow due to consumer market factors, and this cross-industry investment is expected to boost performance and achieve sustainable development in the medium to long term [1] Financial Considerations - Zhongsheng Microelectronics has not yet turned a profit, reporting a loss of 20.37 million yuan in the first seven months of the year, indicating uncertainty in future profitability [2] - The first round of investment is based on a pre-investment valuation of 1 billion yuan, which could imply a significant appreciation rate of 9710% by the end of 2024 if calculated from the lower end of the valuation range [2] - The company has acknowledged past unsuccessful investments, highlighting the risks associated with this cross-industry investment [2]

【深圳商报讯】（首席记者 李秀瑜）记者从深铁集团获悉，受台风"桦加沙"影响，深圳地铁将可能采 取线路停运措施。深圳地铁提醒市民，密切留意深圳地铁的官方微博、微信公众号、车站广播、现场告 示等各个渠道发布的地铁运营动态，切勿贸然前往车站，以免耽误行程。 ...

结合广东省地质环境条件和以往地质灾害发生规律，省地质环境总站综合分析研判，广州市、韶关市、 深圳市、珠海市、汕头市等20个市、93个县（市、区）地质灾害风险较高，其中汕尾市陆河县、陆丰 市，揭阳市揭西县、惠来县等2个市、4个县（市、区）地质灾害风险高。 有12个市、34个县（市、区）处于两轮台风强降雨叠加地质灾害重点区域，其中包括深圳的深汕合作区 和龙岗。 【深圳商报讯】（驻穗记者 姚嘉莉 通讯员 罗诗岚）9月22日，广东省自然资源厅召开全省防台风"桦加 沙"视频调度会议，进一步研判台风"桦加沙"地质与海洋灾害防御形势。 省自然资源厅提醒，应加强关注上述山地丘陵区崩塌、滑坡、泥石流易发区的地质灾害防御工作，尤其 注意农村削坡建房、公路交通设施及景区等边坡地段、地质灾害在建治理工程点、沟谷等区域的地质灾 害防御工作。 海洋灾害预测方面，据省海洋预报台研判，预计本轮台风期间海洋灾害应急响应等级将达到Ⅱ级甚至Ⅰ 级。海浪方面，预计22日白天开始广东省海域浪高自东向西逐渐增大，23-24日将出现6-13米的狂浪到 狂涛区，本次过程海浪最高预警级别为红色；风暴潮方面，23-25日，粤东沿岸将出现80-180cm的风暴 ...

Core Viewpoint - The article discusses the potential risks posed by Typhoon "Haikashan" to Shenzhen, highlighting extreme winds, tidal surges, and heavy rainfall as the main concerns [1] Group 1: Extreme Wind Impact - The typhoon could make landfall with a strength of level 16, leading to significant wind damage over a larger area, particularly threatening high-rise buildings, glass facades, cranes, outdoor billboards, and street trees [1] Group 2: Tidal Surge Risk - The timing of the typhoon coincides with the lunar calendar's third day, which may result in astronomical tides. The combination of the typhoon and high tides could elevate sea levels, increasing the risk of coastal flooding in low-lying areas [1] Group 3: Heavy Rainfall Impact - It is expected that Typhoon "Haikashan" will bring approximately 300 millimeters of rainfall to Shenzhen. This, combined with storm surges, may lead to drainage issues in rivers such as the Shenzhen River, Maozhou River, and the Pearl River estuary, potentially causing flooding in coastal low-lying regions [1]

据悉，在6号线支线三个站的设计风格上，碧眼站以暖色调为主，顶部是拱形设计搭配反射灯光，打造 自然舒适的地下空间；虹桥公园站以冷色调为主，简约的线条与装饰元素交融，诠释车站艺术之美；光 明城站比较特殊的是，6号线支线二期与13号线二期北延线换乘，采用双岛式站台，空间宽阔敞亮。 未来，6号线支线不仅能直连光明虹桥公园-大顶岭-碧眼水库生态环线，为深圳市民享用自然观光与户 外运动资源提供交通便利，还推动光明区由"城市边缘"向"深莞协同前沿"转型，强化深圳与东莞的跨城 联通，推动深莞一体化及大湾区协同发展。 据了解，6号支线二期线路全长4.96公里，南起13号线光明城站，北至6号支线一期光明站。光明城地铁 站紧邻光明高铁站，后期可以同站台换乘13号线，对于有长途出行需求的市民，可以更快更便捷地换 乘。 光明城站作为深圳西北部重要的交通枢纽，可实现与广深港高铁、赣深高铁、地铁13号线的无缝接驳， 未来还将引入深莞增城际线路，构建高铁、城际铁路与地铁无缝衔接的便捷交通体系。 【深圳商报讯】（记者 潘文婷）地铁6号线支线二期将于9月28日正式开通运营，线路采用全自动无人 驾驶模式，新增光明城站、虹桥公园站、碧眼站三座地下车 ...

【深圳商报讯】（记者 陈燕青）在A股市场持续上涨的推动下，股票私募近期迎来显著加仓动作，整体 仓位水平已攀升至年内新高，彰显出私募机构对后市行情的乐观预期。据私募排排网最新数据显示，截 至9月12日，股票私募仓位指数达到78.04%，相较于前一周的75.08%，单周大幅上涨2.96%，且当前仓 位指数已与年内新高持平，整体配置积极性明显提升。 从具体仓位分布来看，当前市场中高仓位私募占比处于绝对主导：60.02%的股票私募处于满仓状态， 23.34%的股票私募维持中等仓位，而低仓与空仓的股票私募合计占比不足20%，多数私募机构选择积极 布局市场。 从规模来看，不同体量的股票私募呈现出差异化的仓位特征，其中头部私募的表现尤为突出。数据显 示，截至9月12日，100亿元以上、50亿元-100亿元、20亿元-50亿元、10亿元-20亿元、5亿元-10亿元和5 亿元以下规模私募，仓位指数依次为78.22%、86.49%、74.22%、75.88%、76.28%和78.85%。其中50亿 元-100亿元规模私募仓位最高达86.49%，创出近3年新高。 百亿私募加仓力度最大，与前一周相比仓位指数大涨11.11%，升至78 ...

Group 1 - The price of natural diamonds remains strong, while the price of lab-grown diamonds has significantly decreased, making them popular among young consumers for self-consumption [1] - The price of a 1.5-carat natural diamond ring is approximately 110,000 yuan, while the wholesale price for a 1.5-carat lab-grown diamond ring is as low as 1,850 yuan, about one-sixtieth of the natural diamond price [1] - Lab-grown diamond prices have dropped over 90% since early 2022, with current prices being around half of natural diamond prices at that time [1] - China is the largest producer of lab-grown diamonds globally, accounting for nearly 50% of the world's production capacity [1] - The penetration rate of lab-grown diamonds is 57% in the U.S. and 10% in China, indicating significant growth potential in the Chinese market [1] Group 2 - Major lab-grown diamond concept stocks include Zhongbing Hongjian, Huanghe Xuanfeng, Liliang Diamond, Sifangda, and World, with World stock rising 104.47% year-to-date [2] - The overall price decline of lab-grown diamonds has led to a decrease in gross margins for many companies, with Liliang Diamond reporting a net profit of 25.91 million yuan, down 82.52% year-on-year [2] - Huanghe Xuanfeng reported a net loss of 299 million yuan, highlighting the financial challenges faced by companies in the sector [2] - Lab-grown diamonds are attractive to young consumers due to their environmental and cost advantages, and the market is expected to grow significantly, potentially exceeding 100 billion yuan by 2030 [2]