光明乳业采用数字化追溯系统向消费者呈现了透明化的乳制品生产过程，包括智慧牧场的建造、乳制品的加工、 工厂的建设等。公司通过数字化系统对奶牛进行科学喂养，并进行实时管控，以确保 食品安全 。同时，工厂方面 也及时联网，可以实时监控其生产过程，并让消费者共同参与监督，极大地提高了消费者对光明乳业产品的信任 度。 光明乳业作为数字化转型的先行者，凭借智慧牧场、智能工厂、数字化供应链等创新举措，不仅优化了企业成本 管理，提升了资源利用效率，更为行业树立了数字化升级的标杆。展望未来，光明乳业将继续深化数字化改革， 推动乳业向智能化、高效化迈进，为消费者带来更多优质产品，为行业可持续发展注入新动力。 随着 大数据 、 云计算 、 人工智能 、 5G 、云服务、工业 互联网 等新技术的蓬勃发展，企业数字化转型成为传 统企业转型升级的发展方向。作为百年乳企的 光明乳业 ，在这方面就走在了前列，通过数字化转型，对企业成本 管理产生积极影响，也为其他企业数字化转型提供参考。 近年来，光明乳业高度重视数字化工作，为加快转型步伐专门成立了数字化转型部门，建设了一个全产业链大数 据平台，利用大数据、云计算等技术，将传统牧场升级为数字化 ...

研报最后认为，杭州银行高韧性：息差降幅收窄，资产质量保持稳健，转股落地补充核心资本。基于对 公业务优势，杭州银行沉淀较多企业活期存款，叠加公司加强存款期限结构管理，后续存款重定价速率 有望加快，支撑息差企稳。同时，杭州银行已形成低风险资产结构，在不良包袱加速出清下资产质量预 计保持稳健。此外，考虑杭银转债转股完成补充核心资本，杭州银行未来规模、业绩预计仍能保持高增 长态势。 其次，杭州银行高成长：与区域生态共生共荣，规模高速扩张，业绩表现优异。浙江经济发达，地方财 力雄厚，杭州银行积极参与地区城建项目，基建类项目持续托举贷款高增。同时，杭州银行立足当地开 放营商环境、把握产业政策机遇，布局供应链金融、创新型经济、中小微企业等领域，打开信贷增长空 间，预计公司后续规模扩张动能保持强劲。上市以来杭州银行总资产年复合增速达14.4%，2021-2024年 公司ROE连续四年提升，并持续领先同业。 9月11日，西部证券（002673）首次覆盖杭州银行（600926）研报指出，杭州银行以杭州为大本营，外 延拓展异地业务，依托区域发达经济实现资产规模高速增长，业绩表现优异，ROE领先同业，为成长属 性突出的优质城商行。同 ...

Core Viewpoint - The company, Haocreative Ruitong, has successfully launched its initial public offering (IPO) on the ChiNext board, with significant investor interest reflected in the high subscription rates and the implementation of a mechanism to reallocate shares from offline to online investors [1][2]. Group 1: IPO Details - The effective number of subscription accounts for the IPO was 12,924,016, with a total of 71,774,471,500 shares applied for, resulting in a subscription multiple of 10,719.00709 times [1]. - After the reallocation, the final number of shares issued online was 11,562,000, accounting for 47.52% of the total issuance, while offline issuance was 12,766,573 shares, making up 52.48% [1][2]. - The final winning rate for online subscriptions was 0.0161087915%, with an effective subscription multiple of 6,207.79030 times [2]. Group 2: Company Overview - Haocreative Ruitong is a high-tech enterprise focused on smart distribution equipment and digital solutions for distribution networks, with key products including smart ring main units, smart pole-mounted switches, and box-type substations [2]. - The company has been recognized as a national-level "specialized, refined, distinctive, and innovative" small giant enterprise and a national green factory, emphasizing its commitment to research and innovation in smart distribution equipment [2]. Group 3: Technological Advancements - The company has developed key technologies such as fault location and self-healing technology for distribution networks, IoT integration for distribution equipment, and high-precision power sensor technology, forming a core technology system [2][3]. - The "HZW-12/T630-20 outdoor pole-mounted vacuum circuit breaker" was certified in 2024 as having international advanced technical performance, highlighting the company's innovation capabilities [3]. Group 4: Fundraising and Investment Plans - The company plans to issue 27,900,000 shares at a price of 21.00 yuan per share, aiming to raise approximately 58.59 million yuan for various projects, including the production of smart ring main units and smart pole-mounted switches [4]. - The raised funds will be allocated to enhance production automation and information levels, support ongoing business operations, and strengthen the company's competitive edge in the smart distribution equipment sector [4]. Group 5: Strategic Vision - In the context of carbon peak and carbon neutrality goals, the company aims to leverage national strategies related to smart grids and new power systems, focusing on refining its core business while pursuing moderate external growth [5][6]. - The company positions itself as a leader in distribution technology, emphasizing innovation-driven development and investment in research, smart production, and market expansion to enhance its core competitiveness [6].

Core Viewpoint - The article emphasizes the rapid integration of large model technology with industry applications, highlighting UCloud's commitment to building a robust AI cloud service infrastructure to support various sectors in China [1] Group 1: Infrastructure Development - UCloud is constructing two major intelligent computing centers in Inner Mongolia and Shanghai to meet the high computational demands of large model training and inference, forming a collaborative architecture of "East Data West Computing" [2] - The Ulanqab center leverages favorable climate and energy conditions to support large-scale training tasks, significantly reducing model training costs for clients [2] - The Qingpu center focuses on high-speed, low-latency inference scenarios, catering to industries like finance and brain science that require real-time processing [2] Group 2: Model as a Service (MaaS) Ecosystem - UCloud is actively building a MaaS ecosystem by collaborating with multiple model vendors and algorithm partners to create an open and compatible model marketplace, enabling one-click deployment for users [3] - The company offers an integrated large model solution for private deployment, addressing data security and compliance needs, thus lowering the technical barriers for AI application in various sectors [3] Group 3: Commitment to Independent R&D - UCloud prioritizes independent research and development as a core strategy, having established a domestic intelligent computing cluster to support the development and large-scale application of domestic large models [4] - The company promotes the "Computing Power Partner Program" to create an integrated platform for computing resource supply and service, enhancing resource utilization efficiency and making AI technology more accessible [4] Group 4: Long-term Vision for AI Integration - UCloud believes in the value of AI being applied in real-world scenarios to empower businesses, and plans to increase investment in intelligent computing infrastructure and industry solutions to drive deeper integration of AI technology [5]

Core Insights - The financial industry is undergoing a digital transformation, with futures trading moving towards comprehensive intelligence, exemplified by Guoyuan Futures' collaboration with UCloud to create a new generation of financial intelligence [1] Group 1: Digital Infrastructure Development - Guoyuan Futures faced challenges with its original virtualization architecture, which lacked resource elasticity and was complex to maintain. UCloud provided a private cloud platform, UCloudStack, to build a secure and compliant cloud infrastructure [2] - Over three years, Guoyuan Futures evolved from a single-region private cloud to a nationwide multi-region "one cloud" and then to a hybrid cloud architecture, achieving a sixfold increase in business launch efficiency [2] Group 2: AI Integration and Applications - With a mature cloud foundation, UCloud assisted Guoyuan Futures in integrating the domestic large model DeepSeek, embedding AI capabilities into core business scenarios [3] - Applications include an intelligent employee assistant for business insights and report generation, an intelligent customer service system for real-time responses, and intelligent operations and development support for system analysis and code optimization [3] Group 3: Long-term Collaboration and Future Directions - The partnership between UCloud and Guoyuan Futures has expanded from IaaS resource construction to PaaS capability empowerment and AIGC scenario co-creation, covering the complete value chain from infrastructure to intelligent applications [4] - Future collaboration will focus on hybrid cloud management, AI investment advisory, and intelligent risk control, further expanding the integration of cloud computing and AI in the financial sector [4]

基地直发是该平台的最大特色，目前已有效支撑海尔智家供应链的数字化转型。据了解，Leader懒人三 筒洗衣机自4月上市以来，已预定10万余台。有了"智链宝"之后，产品从工厂下线后不再进中转库，直 接选择性价比最高的快递公司配送到用户家，全程时效由 10 天缩短为 1-3 天，全链路降低成本 15%。 智链宝还有一项特殊功能是AI寻源。企业和个人提交需求后，平台会根据仓储、运力及价格等要素情 况，精准匹配出最优解决方案，实现"成本、时效、体验"综合最优。实际运营数据显示，近千家客户采 用这一功能后，物流成本每单平均降本10元以上，发件决策过程节省80%时间。 据介绍，海外市场是"智链宝生态联盟"的重要进军方向。财报数据显示，海尔智家的海外收入2024年已 到达1438亿元，占总收入的52%。据预测，海尔智家海外市场未来依然保持高速增长，加入该联盟的快 递公司将率先分享国际快递市场蛋糕。 中小件物流的"高德打车"来了。9月10日，日日顺供应链与顺丰、京东等11家头部物流承运商签署协 议，成立"智链宝生态联盟"。企业与个人用户均可通过"智链宝"享受到便捷高效的国内外快递物流服 务，享受到更低的成本、更优的快递体验。 ...

日日顺供应链CEO鞠衍亮介绍到："日日顺的数字库存模式可帮助企业提升资产效率50%，降低仓储成 本12%，库存周转周期压缩40%，有效助力客户用更小的库存做更大的生意"。此外，日日顺供应链在 数字物流领域还布局了AI数字云仓、AI智能派车和AI智能寻仓等多个应用方向，进一步拓展其智能化 技术领域的广度与深度。 而在国际物流大通道方面，日日顺供应链副总经理王岩峰现场做出分享：除数字库存外，日日顺还通 过"定点、定线、定车次、定时、定价"的"五定班列"运营模式，提升了跨境运输的可靠性。该模式已开 通26条班列，不仅有效降低35%的全程物流成本，同时时效提高25%。 未来，随着全球供应链协同复杂度的不断提升，以"数字库存"、"五定班列"为代表的智慧物流创新，正 在成为推动国际物流大通道建设、助力开辟全球贸易新蓝海的重要引擎。日日顺也将紧跟海尔智家出海 战略，紧密协同，共创协同发展、畅通稳定的全球供应链新格局。 9月10日至12日，第二十届中国国际物流节暨第二十二届中国国际运输与物流博览会于济南成功举办。 展会集中展示了智慧供应链、人工智能、绿色物流等领域的创新成果。在诸多数字化转型实践案例中， 日日顺供应链展示的" ...

民生健康表示，此次达成合作意向，是双方对产品品质、科学创新与市场趋势高度共识的深度战略融 合，旨在共同探索健康科技的未来边界。 据悉，民生健康药业可以借助科丝美诗世界级的研发体系、严苛的质量标准和成熟的全球供应链网络， 显著提升产品创新效率与国际化安全品质，不仅能提升产品的科技壁垒，打破产品类别边界，快速打开 新产品矩阵布局，还能为打造多元化的健康产品生态系统、切入健康行业高速增长的跨境健康消费品市 场提供强大赋能。 此次与科丝美诗达成战略合作意向，是民生健康药业一个崭新的起点。它不仅是"四新战略下的重要成 果，更彰显了百年民生积极融入全球产业链、引领行业创新发展的决心与实力。 未来，民生健康药业将持续推进全球供应链体系构建，深化与海外领军企业的战略合作，系统布局研 发、生产、物流等多环节的国际资源整合，全面提升企业在全球大健康领域的市场响应速度与产业协同 能力，持续赋能企业高质量发展。 据民生健康（301507）（301507.SZ）官方微信号消息，公司与韩国科丝美诗达成高度战略合作意向， 旨在共同探索健康科技的未来边界。 面对新时代的消费需求与市场的快速变革，在集团"新产品、新项目、新业务、新模式"的"四 ...

战略配售投资者涵盖深圳安鹏创投基金企业（有限合伙）、东北证券股份有限公司、上海汽车集团金控 管理有限公司、广东广祺柒号股权投资合伙企业（有限合伙）、长兴致赋股权投资中心（有限合伙）、 财通创新投资有限公司、北京珺洲私募基金管理有限公司-珺洲如意1号私募证券投资基金、北京乐都私 募基金管理有限公司-乐都睿泽价值私募证券投资基金、北京泓石天成投资管理合伙企业（有限合 伙）、共青城中易木森股权投资合伙企业（有限合伙）、中保投资（北京）有限责任公司-中保投北交 智选战略投资私募股权基金、第一创业（002797）证券股份有限公司-第一创业富显11号集合资产管理 计划，共计13家战略投资者。 世昌股份本次有效申购数量为59,595,409,600股，冻结资金约6495.90亿元；有效申购户数589,959户；网 上有效申购倍数3,995.66943倍（超额配售选择权启用后）。 根据《发行公告》中公布的网上配售原则，世昌股份本次网上发行获配户数为83,834户，网上获配股数 为1,491.50万股，网上获配金额为16,257.35万元，网上获配比例为0.0250270954%。 9月12日，世昌股份（920022.BJ）对 ...

Group 1 - The event held on September 11 was a collective online reception day for investors, focusing on the semi-annual performance report of listed companies in the Tianjin area for 2025 [1] - An investor inquired about the timeline for the complete transfer of orders from the Shenzhen production line to the Yancheng production line of Jingwei Huirong [1] - The company representative, Liu Dongmei, stated that most orders from the Shenzhen production line have already been transferred to the Yancheng production line, with some orders moved to other production bases, while a portion remains in Shenzhen [1] Group 2 - Jingwei Huirong's main business includes the research, production, and sales of LCD displays and touch display modules, as well as electromagnetic wires [1] - The company's primary products consist of LCD screens, LCD display modules, capacitive touch screens, touch display modules (full lamination products), protective glass covers, aluminum wires, copper wires, and copper composite wires [1] - These products are mainly used in various fields such as automotive displays, home electronics, medical devices, industrial control, and power [1]