2026年1月27日， 阳光诺和 （688621.SH）发布公告，宣布正式终止以发行股份及可转换公司债券方式收 购朗研生命100%股权的重组计划，并撤回相关申请文件。这是自2022年以来，阳光诺和第二次对同一标 的发起收购并以失败告终。至此，该项目也成为 国联民生 证券今年以来已终止的第三个项目。 值得注意的是，两次交易，相隔三年，标的相同、实控人一致、中介机构未变——国联民生证券始终担任 独立财务顾问（其中第一次为合并前的民生证券）。从2022年16.11亿元的首次尝试，到2025年12亿元的 再度推进，阳光诺和始终试图打通"CRO（研发外包）+医药工业"一体化平台的战略构想，屡次在政策变 化与估值博弈的双重压力下受阻。 | 项目 | 第一次收购（2022–2023） | 第二次收购 (2025-2026) | | --- | --- | --- | | 交易对价 | 16.11亿元 | 12亿元 | | 标的估值依据 | 2022年收益法评估 | 2025年6月30日收益法评估 | | 核心产品风险 | 缅沙坦类、蚓激酶等集采降价 | 同类产品续标价降幅超90% | | 业绩承诺 | 未明确披露 | 20 ...

据评选主办方介绍,本次评选面向全国保险行业广泛征集数字化转型相关案例,旨在梳理行业转型成果,发 掘可复制推广的实践经验。评选组建了由监管代表、行业专家、技术学者及媒体人士构成的专业评审 团,围绕技术创新性、方案可行性、服务落地效果、用户体验优化及行业示范价值等多个核心维度展开 综合考评,最终确定获奖名单。主办方明确表示,入选案例均经过多轮严格审核,被视为当前保险业数字化 转型的代表性实践范本。 2025保险业数字化转型案例评选结果近期正式揭晓。该评选由国家金融监督管理总局主管媒体《中国银 行保险报》主办,作为行业内具有重要影响力的专业评选活动,其结果备受关注。记者从评选结果公示信 息中获悉,中国人保旗下官方平台申报的"3+2"金融创新矩阵案例,成功斩获"数字化转型优秀案例"与"创 新技术与平台优秀案例"两项殊荣,成为本次评选的重点关注对象之一。 值得注意的是,中国人保APP的跨业务整合能力成为其案例的重要亮点。作为人保集团核心服务载体,该 平台已实现财险、寿险、健康险、资产管理及养老服务等多个核心业务板块的互联互通。这意味着用户 无需单独下载不同业务线的专属平台,通过单一平台即可办理多数保险相关业务,形成"一 ...

Core Viewpoint - The successful bid for the 2025 wind power project by China Shipbuilding Technology is a significant achievement, marking a strong start for the company's business expansion in 2026, with a contract value of 792 million yuan [1]. Market Expansion - The project is the largest onshore wind power project in Anhui Province, with a total installed capacity of 500 MW, located in Mingguang City, and is expected to be completed within 18 months [2]. - The project will utilize a "dual site simultaneous advancement" model, with two sites each planned for 250 MW capacity, including the construction of two 220 kV booster stations and over 64 kilometers of transmission lines [2]. Customized Equipment - The wind power resources in Anhui are characterized by low wind speeds, necessitating customized solutions to enhance efficiency and manage costs [3]. - The 6.25 MW onshore wind turbine, designed for low wind speed areas, features advanced technology and is capable of operating in various terrains and complex environments, improving efficiency by over 3% [3]. Product Performance - The 6.25 MW turbine has been successfully deployed in nearly 10 large wind power projects, accumulating orders of nearly 3 GW, and has been recognized as the top onshore wind turbine globally for 2025 [4]. - The new 7.X MW flagship model, launched in 2025, has shown a 12% reduction in site points compared to the 6.25 MW model, leading to a 3% decrease in overall project development costs [4]. Strategic Partnerships - The successful bid is part of the company's strategy to deepen relationships with major clients and expand in the regional renewable energy market [5]. - A framework agreement has been signed with China Coal Xinji (Jiangxi) New Energy Co., Ltd. and the local government to develop a 500,000 kW wind power hydrogen production and green methanol integration project [6]. Clean Energy Commitment - The project aims to produce 1.65 million tons of green hydrogen and 150,000 tons of green methanol annually, leveraging local wind resources [7]. - The company will provide comprehensive technical support and services for the project, enhancing its value and contributing to a complete renewable energy industry system [7]. Contribution to Carbon Neutrality Goals - The successful bid reflects the company's technical strength and market competitiveness, highlighting its role in advancing clean energy and supporting China's carbon neutrality goals [8]. - The company plans to focus on low wind speed wind power technology innovation and deepen strategic cooperation with state-owned energy enterprises and local governments [8].

近年来，恺英网络持续加大研发投入，深耕软件研发、产品创新、技术服务及平台能力建设。未来，公 司在董事长金锋的带领下，将进一步夯实数智化能力，深化技术体系布局，提升核心竞争力，为长三角 软件产业高质量发展贡献力量。 在本次评选中，恺英网络旗下多家子公司收获多项荣誉：上海恺英软件技术有限公司同时获评"2025长 三角百家品牌软件企业""2025上海软件核心竞争力企业（规模型）"；上海盛凇网络科技有限公司获 评"2025上海软件核心竞争力企业（规模型）"；上海逗视网络科技有限公司获评"2025上海软件核心竞 争力企业（创新型）"。 据了解，"长三角百家品牌软件企业"由江浙沪皖省级软件行业协会联合遴选，以统一标准为基础，在各 地"软件企业核心竞争力评价"成果上推荐产生，旨在推动长三角一体化发展国家战略落地、打造长三角 软件品牌。而上海软件企业核心竞争力评价则以《软件企业核心竞争力评价规范》(T/SSIA0001-2018) 为依据，结合行业统计数据，从经营业绩、科研能力、创新成效、质量保证等维度对企业竞争力进行综 合评定，是推动上海软件产业高质量发展的重要活动之一。本次获奖情况已同步刊登于《文汇报》。 近期，2025 ...

Core Viewpoint - The acquisition attempt by Guangzhou Silin Jie Technology Co., Ltd. for Qingdao Kekai Electronics Research Institute Co., Ltd. has failed, with the independent financial advisor unable to reverse the situation [1] Group 1: Company Overview - Guangzhou Silin Jie Technology focuses on the development, production, and sales of industrial automation testing products, including embedded intelligent instrument modules and machine vision products [2] - The company anticipates a loss of 8 million to 11.5 million yuan in 2025, marking a shift from profit to loss compared to 2024 [2] - The stock price of Silin Jie experienced a significant increase, with four consecutive 20% daily limits, following the announcement of the acquisition of Kekai Electronics [2] Group 2: Acquisition Details - The acquisition involved a significant asset restructuring plan, where Silin Jie intended to acquire 71% of Kekai Electronics through a combination of share issuance and cash payment [4] - The independent financial advisor for the acquisition was Guolian Minsheng Securities, which failed to turn the situation around [4] Group 3: Kekai Electronics Background - Kekai Electronics, established in 1997, specializes in the research, production, and sales of high-reliability micro-circuit modules, primarily serving military applications [3] - The company faced challenges during its IPO process, including issues such as inflated R&D expenditures and poor internal controls, leading to regulatory warnings for its underwriters and auditors [3][5] Group 4: Financial Performance - Kekai Electronics reported revenues of 308 million yuan, 164 million yuan, and 119 million yuan for the years 2023, 2024, and the first half of 2025, respectively [5] - The net profits for the same periods were 167 million yuan, approximately 99.92 million yuan, and approximately 48.84 million yuan, with a significant decline attributed to changes in the military industry and customer demand [5] - The company has a high customer concentration, with over 99% of revenue coming from the top five clients, including 73.4% from a subsidiary of China Ordnance Industry Group [5] Group 5: Termination of Acquisition - The termination of the acquisition was attributed to the large scale of the transaction and changes in the market environment since the initial planning [6] - The chairman of Silin Jie indicated that the prolonged duration of the restructuring process and increased uncertainty in the transaction's progression were key factors in the decision to withdraw [6]

此外，还将在应用与生态层，聚焦投研、风险控制与策略管理等核心场景，持续探索人工智能技术在量 化交易与金融业务中的工程化应用路径，推动形成协同演进的生态服务体系。 此外，高盈科技还表示，未来还将联合中科闻歌在商业创业和产业赋能上，探索AI驱动的商业模式创 新，共同推进智能化解决方案在量化投资领域的产业化推广。 市场人士指出，此次合作是量化投资技术与数据智能技术的深度融合。高盈科技在量化交易平台、策略 工程化及市场实战方面的优势，与中科闻歌在多模态数据治理、通专融合大模型与决策智能方面的技术 积累形成强互补。双方将通过构建"数据－模型－决策"闭环体系，打造更智能、更精准的投研辅助系 统。 高盈科技透露将以此次合作为起点，携手中科闻歌持续推动AI技术在金融量化领域的深度应用，共同 抢占"AI+量化"新高地，为行业智能化升级注入新动能。中科闻歌也表示，此前中科闻歌已布局人工智 能赋能银行、基金、保险等金融领域业务，本次合作将深化金融细分领域应用场景探索。 近日，高盈国际创新科技（香港）有限公司（以下简称"高盈科技"）与中科闻歌正式签署战略合作框架 协议。双方将围绕量化投资智能化升级，在另类数据赋能、因子智能挖掘、智能 ...

Core Viewpoint - The company, Biyimi (688045), announced an expected turnaround in profitability for the fiscal year 2025, projecting a net profit attributable to shareholders of 9 million to 13.5 million yuan, marking an increase of 26.17 million to 30.67 million yuan compared to the previous year [1] Financial Performance - The expected net profit attributable to shareholders for 2025 is projected to be between 9 million and 13.5 million yuan [1] - This represents a significant turnaround from the previous year's loss, with an increase in profit of 26.17 million to 30.67 million yuan [1] - The expected net profit after excluding non-recurring gains and losses is projected to be between -6 million and -3 million yuan, indicating a reduction in losses by 40.28 million to 43.28 million yuan compared to the previous year [1]

在皮肤科领域，黄褐斑的治疗方案长期遵循着一项国际公认的"金标准"：由氢醌、维A酸与糖皮质激素 组成的Kligman三联疗法。然而，这一经典方案在国内市场曾长期面临"有标准、无标准药"的困境，直 至国产标准化制剂孚立美®的出现，开始改写这一局面。 当孚立美®这样的国产药品主动选择以国际治疗金标准为基准，并凭借扎实的临床数据在品质层面接受 专业审视时，其意义已超越单点产品的上市。它标志着一部分中国制药力量，正尝试在细分治疗领域， 从"跟跑"转向以"质量对话"和"标准接轨"为核心的深度发展阶段。 行业观察指出，标准化国产制剂的出现，首要意义在于解决了这一临床实践痛点，为医生提供了质量稳 定、方便使用的工具。而更进一步的关注点，则落在药品本身的品质上。业内媒体赛柏蓝在相关报道中 分析指出，孚立美®的入局，正填补了该治疗领域长期存在的标准化空白。报道援引相关临床研究数据 显示，在关键疗效指标上，用药8周后，孚立美®治疗黄褐斑的有效率表现优于原研药Tri-Luma的历史 数据；在安全性维度，其不良反应发生率亦相对更低，呈现出疗效与安全性的双重优势。 （图源：赛柏蓝官方公众号） 这与人民日报健康客户端直播中专家呼吁的"为临 ...

明阳智能表示，公司凭借持续的产品迭代与技术创新，已建立起显著的技术领先优势与产品创新能力。 展望未来，公司将进一步以技术创新拓展资源开发边界、提升能源转换效率，以人工智能赋能风电产业 高质量发展，积极布局深远海市场，加速推动全球化战略落地。 10月，明阳智能发布全新一代Ocean X全球首款50MW超大型漂浮式风电机组。据悉，使用该风机可以 使漂浮式风电的成本降低1.5-4倍，接近目前一些近海海域的风电开发成本，同时抗台风能力卓越，有 望实现漂浮式风电的商业化、大规模开发。同时，公司推出的全新一代中速紧凑半直驱技术产品，兼 具"更可靠、更高效、更友好、更经济、更智慧"五大性能。 1月28日晚，明阳智能（601615）（601615.SH）发布2025年年度业绩预增公告，预计2025年1-12月实现 归母净利润为8亿元到10亿元,与上年同期相比将增加4.54亿元到6.54亿元，同比增加131.14%到 188.92%，扣非净利润同比增加230.66%到344.68%。 在开拓全球市场的同时，公司通过精细化管理、智能化升级等举措，实现降本增效。公司"明知顾问"风 电大模型智能系统融合知识图谱与大语言模型技术，采用 ...

Core Viewpoint - The article emphasizes the integration of AI applications in retail as a key driver for consumption growth and economic transformation in China, supported by government policies and market dynamics [1]. Group 1: Policy and Market Dynamics - The "14th Five-Year Plan" prioritizes boosting consumption as a core strategy for expanding domestic demand and transforming economic growth models [1]. - Multiple policy documents, such as the "Artificial Intelligence +" action plan, have been released to promote the deep integration of AI with consumer scenarios [1]. Group 2: Company Overview - HuiJia Times (603101.SH) is leveraging AI-driven digital transformation to establish itself as a benchmark in regional retail [2]. - The company reported a net profit of 80.41 million yuan and a net cash flow from operating activities of 282 million yuan for the first three quarters of 2025, indicating strong financial health to support its transformation efforts [2]. Group 3: AI Application and Data Management - HuiJia Times has implemented an AI operational management system that provides core data support for retail efficiency and decision-making through comprehensive data coverage, real-time data capture, and a large data pool [2][3]. - The company has adopted the smart collaboration platform Feishu across 24 stores to enhance online collaboration and streamline operations [3]. Group 4: Supply Chain and Operational Efficiency - The company is developing a smart supply chain tailored to regional characteristics, enhancing procurement, warehousing, and distribution processes [3]. - AI technologies are applied in various operational aspects, including intelligent contract verification and inventory management, significantly improving efficiency [3]. Group 5: Retail Format and Consumer Engagement - HuiJia Times has launched its first instant retail model, integrating online and offline channels, which has led to a significant increase in sales [4]. - AI technology is utilized to analyze consumer trends and preferences, enabling personalized marketing and improving customer experience [4]. Group 6: Future Outlook - The company aims to deepen AI applications across all operational scenarios, contributing to high-quality development in the Xinjiang retail sector while maintaining its leading position [5]. - The integration of AI with retail scenarios is expected to unlock further growth potential for HuiJia Times amid the consumption upgrade trend [5].