中经记者 秦玉芳 广州报道 9月12日，国家金融监督管理总局公布9月以来第二批行政处罚信息。9月以来国家金融监督管理总局已 经公布两批罚单，对涉及的17家机构罚款金额共计约2.6亿元。 值得注意的是，罚款金额超过千万元的罚单多集中在信贷领域。据不完全统计，今年以来，银行业信贷 业务违规处罚金额累计已超过数亿元，涉及国有大行、股份制银行、城商行及多家分支机构。处罚事由 包括贷前调查不尽职、贷后管理不到位、贷款资金挪用、掩盖不良资产、数据报送不合规等典型问题。 业内人士分析指出，贷款资金用途、流向的监控是一个老大难问题；监管部门对相关违规行为进行处 罚，有助于银行树立审慎经营理念，依法合规发展业务，更有效地防控信用风险。 大额罚单频出 国家金融监督管理总局9月12日公布了多张罚单，11家机构受罚，包括政策性银行、国有银行、股份制 银行，理财公司、保险公司，11家机构罚款金额约1.63亿元（不含个人罚款）。 其中两家股份制银行因贷款、票据、保理等业务管理不审慎，监管数据报送不合规等违法违规行为合计 被罚款近1.3亿元。 此前9月5日，国家金融监督管理总局公布6家机构的行政处罚信息，包括股份制银行、金融资产公司、 保 ...

Core Viewpoint - As the domestic market matures and becomes saturated, going global has become an important development direction for Chinese companies, with significant advancements in technology and brand strength enabling them to compete internationally [1][2]. Group 1: Company Development and Strategy - Zhongkong Technology has transitioned from imitation to independent innovation and disruptive innovation, showcasing its capability to expand into global markets [2]. - The company has accumulated over 100 billion bytes (100EB) of valuable industrial data and more than 100,000 control systems, providing a solid foundation for developing industrial AI models [2][3]. - In 2024, Zhongkong Technology's revenue is projected to approach 10 billion yuan, a significant increase from approximately 3 billion yuan in 2020, highlighting the impact of the Science and Technology Innovation Board (STAR Market) on its growth [4][5]. Group 2: Technological Advancements - Zhongkong Technology is focusing on key areas such as industrial AI, industrial robots, and automation upgrades to enhance its technological capabilities and prepare for future growth [3][6]. - The company has made significant progress in the industrial robotics sector, with products rapidly applied in industrial scenarios, further enhancing its intelligent solutions [3]. Group 3: Global Expansion Strategy - The company has adopted a strategy of "planting flags on the highest peaks," emphasizing partnerships with top global enterprises to achieve high-quality overseas business development [4]. - A strategic collaboration with Saudi Aramco signifies international recognition of Zhongkong Technology's capabilities in the petrochemical sector [4]. Group 4: Support from the STAR Market - The STAR Market has provided crucial funding and brand endorsement, facilitating Zhongkong Technology's international market recognition and expansion [5]. - The issuance of Global Depositary Receipts (GDR) and a successful acquisition of a European analytical instrument company have further enhanced the company's global outreach and technological capabilities [5].

中经记者 刘旺 北京报道 罗永浩质疑西贝预制菜，仍在持续发酵。 9月12日，西贝XIBEI官方微博发布了"西贝全体伙伴致顾客的一封信"，公布了罗永浩一行五人所点13 道菜品具体制作过程的"作业指导书"，并且表示，罗永浩当餐消费的菜品同样不属于六部委联合下发的 《关于加强预制菜食品安全监管 促进产业高质量发展的通知》中所定义的"预制菜"。 上述"一封信"中，西贝方面表示，罗永浩作为公众人物，对当餐菜品作出"几乎全都是预制菜"的判断， 其言行缺乏基本的事实依据，对西贝品牌声誉造成了损害。 而就在几个小时之后，9月12日晚，罗永浩开启直播，表示："基本立场是不反对预制菜，推动预制菜透 明化，维护消费者知情权。"在直播过程中，罗永浩晒出了西贝"去刺黄花鱼柳""小牛焖饭牛肉包2.5kg （堂食袋装）"等图片，并表示："希望所有使用预制菜和半成品菜的企业，能够注明菜品现做、半预制 和全预制。" 与此同时，中国连锁经营协会官方公众号发布文章，对"预制菜"进行了相关解读。 基于《通知》中对预制菜的定义描述，罗永浩当餐消费的菜品同样不属于六部委联合下发的《通知》中 所定义的"预制菜"。罗永浩作为公众人物，对当餐菜品作出"几乎全 ...

中经记者 郭阳琛 石英婧 上海报道 近日，2025年上海第七批次土拍圆满收官，5宗地块中有3宗溢价成交，共揽金111.16亿元。其中，钢结 构企业长江精工钢结构（集团）股份有限公司（以下简称"精工钢构"，600496.SH)在上海市土地市场迎 来首秀，最终拿下了上海市闵行区颛桥地块。 值得一提的是，精工钢构此次拿地金额为5.46亿元，而该公司2024年归母净利润为5.12亿元。也就是 说，精工钢构花费超过2024年全年的净利润溢价拿地，彰显出其向房地产领域转型的决心。 对此，精工钢构相关负责人在发给《中国经营报》记者的书面回复中表示，近期，上海市进一步优化了 楼市限制性政策，故公司优先考虑在上海市参与地产开发业务，以控制风险，抓住市场机会。在目前区 域和城市选择方面，公司主要考虑北上广深一线城市。 上述精工钢构负责人进一步表示，本次竞得土地，主要是为了展示推广PEC装配式住宅体系。该技术体 系在项目上的应用往往需要开发商的支持，在前期推广方面存在一定难度，故本次拟通过自主开发方式 做一个示范项目，作为公司展示绿色集成建筑技术体系在住宅领域竞争优势的重要载体。 "钢结构巨头"首度"落子"上海 在与闵房集团以及象 ...

中经记者杨让晨石英婧上海报道 （哪吒汽车9月12日召开首次债权人会议。杨让晨/摄影） 哪吒汽车或将在破产重组期间继续营业。 9月12日，哪吒汽车母公司合众新能源汽车股份有限公司（以下简称"合众新能源"）破产重整案第一次 债权人会议在线上召开。 《中国经营报》记者从获取到的会议材料中了解到，本次会议公布了哪吒汽车的债权确认、财产管理、 继续营业等多项事宜。 会议材料显示，目前哪吒汽车由浙江海浩律师事务所、浙江子城律师事务所、上海市君悦律师事务所组 成联合管理人（以下简称"管理人"）。 材料中，管理人方面对哪吒汽车破产的原因进行了分析：在行业价格战下，哪吒汽车未能形成差异化竞 争优势，同时大量涉诉案件查封资产加剧了资金链问题，最终导致哪吒汽车经营未能走出困境，陷入资 不抵债的破产境地。 2024年10月开始部分生产线停工，生存空间进一步受到挤压。与此同时，合众新能源亦通过主动降低运 营成本并启动E轮融资展开自救，但该轮融资以失败告终，成为了压倒骆驼的最后一根稻草。管理人方 面表示，2024年至今的大量涉诉案件日益增多并冻结了哪吒汽车的银行账户，查封了名下资产，该情况 进一步引发连锁反应，加剧企业的资金链问题，最终 ...

燃油车市场不断萎缩是这两年车市的"主基调"。然而，《中国经营报》记者注意到，当新能源汽车以超 过两位数的增速不断抢占传统燃油车市场份额时，近3个月燃油车市场却罕见地出现了同比较大幅度增 长的情况。数据显示，6月、7月和8月，传统燃料汽车国内销量同比增速分别为7.7%、8.4%和12.9%。 若拉长时间线来看，传统燃料汽车的"回暖"信号也比较明显。中汽协数据显示，2024年传统燃料汽车国 内销量为1398.9万辆，同比下滑17.3%。然而，2025年1—8月，传统燃料汽车国内销量874.7万辆，同比 仅下降0.3%。 9月11日，中国汽车工业协会（以下简称"中汽协"）发布2025年8月汽车产销情况。数据显示，8月传统 燃料汽车国内销量107.4万辆，环比增长9.5%，同比增长12.9%，已连续三个月保持增长。 "传统燃料汽车的销量在近3个月出现一定的恢复，与外资企业策略的转变有一定的关系。"中汽协秘书 长陈士华分析称，从行业的变化趋势来看，传统燃料汽车生产厂家2025年以来在市场策略方面做了许多 调整，包括产品性能维度（如提高配置）以及价格等方面，这让传统燃料汽车的表现有了一定的改善。 记者注意到，不少合资品牌 ...

最近，你有没有被这种手办图刷屏？ 网友们生成的AI手办图。截图自社交平台 Seedream 4.0 猛一看以为是3D打印已经进化到如此逼真的地步，但仔细研究发现原来是AI充当了"手办大师"。给AI模型一张有人物、宠物或者虚拟形象的图片，再辅以 适当提示词，它就能给你生成一张以假乱真的手办"照片"。 这类AI手办图的流行，源于谷歌在8月末最新发布的Gemini 2.5 Flash Image模型（代号"Nano Banana/纳米香蕉"）。这个"香蕉"的使用操作十分流畅，让不少 网友奉其为"AI修图的神"。 谷歌纳米香蕉宣传页面 正当大家在为又一个"ChatGPT时刻"欢呼时，"香蕉"的同赛道玩家已经极速登场。9月初，字节跳动Seedream 4.0、生数科技Vidu Q1的参考生图相继面世。不 到半个月的时间，AI生图模型就杀出三员大将，简直"卷疯了"。 Vidu Q1部分使用界面 9月12日，知名评测机构Artificial Analysis发布消息称，字节跳动Seedream 4.0已登顶文生图、图像编辑排行榜榜首，在上述两个领域都超越了谷歌的纳米香 蕉。 那么，到底哪家才是AI生图的真神？笔者使用相同的 ...

Group 1 - In August 2023, traditional fuel vehicle sales in China reached 1.074 million units, showing a month-on-month increase of 9.5% and a year-on-year increase of 12.9%, marking three consecutive months of growth [2] - Despite the overall decline in the fuel vehicle market, there has been a notable recovery in sales over the past three months, with year-on-year growth rates of 7.7%, 8.4%, and 12.9% for June, July, and August respectively [2] - The sales of traditional fuel vehicles in the first eight months of 2025 were 8.747 million units, reflecting a minimal year-on-year decline of only 0.3% compared to a 17.3% drop in 2024 [2] Group 2 - Many joint venture brands, including German and Japanese automakers, are responding to the competitive pressure from new energy vehicles by accelerating the upgrade of fuel vehicle models and offering various purchase incentives [3] - New models such as the all-new Volkswagen Sagitar L and Buick GL8 have been launched with significant price reductions and enhanced features, including advanced intelligent systems [3] - The all-new Sagitar L has a starting price reduced by approximately 20,000 yuan compared to its predecessor, while also enhancing its intelligent features [3] Group 3 - The IQ.Pilot advanced driving assistance system, developed by FAW-Volkswagen in collaboration with DJI's automotive division, aims to address the technological gaps in fuel vehicles [4] - The development of the IQ.Pilot system involved six years of collaboration, focusing on optimizing control algorithms and addressing thermal management challenges [4] - High-end fuel vehicles are also enhancing their intelligent configurations to compete with domestic high-end new energy models [4] Group 4 - The recently launched Audi A5L is notable for being the first fuel vehicle built on Audi's new PPC luxury fuel intelligent platform, featuring significant advancements in intelligent technology [5] - The A5L incorporates Huawei's advanced driving technology, utilizing a comprehensive sensor network for high-level driving assistance [5] - The main challenge for fuel vehicles in achieving intelligent features has been the limitations of their electronic and electrical architecture [6] Group 5 - Audi has developed a new E³ 1.2 electronic and electrical architecture to overcome the limitations of traditional fuel vehicles, enabling centralized control of all vehicle functions [6] - The collaboration between Audi and Huawei involves a clear division of responsibilities in the development of driving assistance technology [7] - The acceleration of intelligent transformation in fuel vehicles is expected to enhance their competitiveness and contribute to sales growth [7] Group 6 - Despite the rapid growth of new energy vehicles, fuel vehicles remain essential for many consumers, particularly families, and are still a significant source of revenue for traditional automakers [7] - The market for fuel vehicles is still substantial, with traditional automakers viewing their fuel vehicle business as crucial for their overall sales and profitability [7]

Core Viewpoint - Advanced Communication's financial performance shows significant revenue growth but faces challenges with cash flow, indicating a need for strategic adjustments in a competitive market [1][3][6]. Financial Performance - In the first half of 2025, Advanced Communication reported a revenue of 1.38 billion yuan, a year-on-year increase of 33.06% [3]. - The net profit attributable to shareholders reached 62.6 million yuan, reflecting a nearly sevenfold increase [3]. - Operating cash flow was -911 million yuan, a decline of 1488% compared to the previous year [3][4]. Business Segments - The IT infrastructure construction segment saw a revenue increase of 53.53%, becoming the main driver of performance [3]. - Revenue from software solutions decreased by 19.78%, while IT operation services remained stable [3]. - The internet sector's revenue surged by 152.87%, accounting for 50.36% of total revenue, surpassing the financial institution business for the first time since 2021 [6][8]. Market Dynamics - The overall financial IT market is experiencing a slowdown, with many banks facing low profit margins and extended payment cycles [2][8]. - Advanced Communication is actively seeking new growth areas, including AI implementation and international expansion [8][9]. R&D and Innovation - R&D investment decreased by 40% in the first half of 2025 due to strategic adjustments, but the company plans to increase R&D spending moving forward [7][9]. - The company is focusing on developing AI solutions and enhancing its product offerings in response to market demands [7][9]. Client Base and Contracts - Advanced Communication serves a diverse client base, including state-owned banks, large internet companies, and other medium to large enterprises [6][8]. - The company has secured significant contracts, with a backlog of 2.2 billion yuan, indicating strong future revenue potential [1][3].

中经记者 郑瑜 北京报道 随着多家上市公司陆续公布2025年半年业绩，国内消费金融公司上半年"打拼"成果已经基本披露完毕。 从利润表现来看，除未披露具体数据的消费金融公司以外，20家消费金融公司在报告期内净利润全部为 正。不过，在盈利能力向好的同时，行业也出现了一些持续性的趋势变化，比如，头部机构连续出现资 产规模微降、腰部机构快速发展等。 今年3月，国家金融监督管理总局印发《关于发展消费金融助力提振消费的通知》，针对个人消费贷款 额度、贷款期限都进行了优化。 多位行业人士认为，在消费政策持续发力及金融科技深度渗透的多重驱动下，多数机构不仅资产质量稳 步向好，盈利能力亦同步增强。 头部规模增速放缓 从数据来看，头部消费金融公司资产规模延续了上一季度的缩减趋势。 根据2025年上半年数据，总资产规模排名分别位列第一、第二、第四的重庆蚂蚁消费金融有限公司 （3064.70亿元）、招联消费金融股份有限公司（以下简称"招联消金"，1577.22亿元）、兴业消费金融 股份公司（以下简称"兴业消金"，815.39亿元），相较于年初分别下滑2.32%、3.68%、0.71%。 而在2024年年度，招联消金、兴业消金的总资产 ...