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].

1月26日至28日，好莱客（603898）2026年经销商峰会于广州盛大启幕，来自全国各地的经销商伙伴齐聚一堂，共话行业破局之道。峰会以"高端领航AI筑势 共启新章"为核心主题，深度剖析行业趋势，重磅发布高端定制+AI智能家居的全新战略，并宣布旗下智能家居品牌合觅科技全系列新品正式亮相，为经销 商伙伴解码品牌升级及营销破局之道。 2026年好莱客经销商峰会现场 战略解读：擘画"高端定制+AI智能家居"新蓝图，解码营销破局之道 合觅产品展区 合觅此次新品发布覆盖全屋场景，涵盖网关、智能控制、智能照明系统、智能安防系统、影音娱乐、功能家电、智能遮阳等七大产品矩阵。同时，基于自研 强抗干扰、广覆盖、低功耗优势的Ho-mesh技术，能有效解决复杂户型的信号传输难题，实现复杂户型智能控制灵敏度，可实现100+设备同时接入与集中管 控等。同时，小合同学AI智能体支持指令泛化、声纹识别、长期记忆、仿生交互等核心特性，使得AI交互更拟人化，更具真实感，模糊指令也能精准响 应，真正做到"即插即用、极简部署"的极简智能家居体验。合觅凭借"零门槛、高颜值、全场景、超贴心"的差异化价值优势，让好莱客在智能家居赛道形成 独特竞争力，为 ...

Core Insights - The article highlights the digital transformation of Haier Smart Home, which has improved user experience by providing a seamless service process for home appliances, moving away from fragmented interactions with third-party platforms and customer service [1][6]. Group 1: Digital Transformation - Haier Smart Home's app has undergone significant upgrades, allowing users to track logistics orders, manage all categories of home appliances, and receive reminders for consumables and cleaning through a single platform [1][6]. - The app features a 3D home view using digital twin technology, enabling users to easily locate and control devices in a virtual environment, enhancing user interaction with smart appliances [6]. Group 2: Enhanced Service Efficiency - The upgraded app includes real-time logistics tracking, allowing users to view the location and status of their orders, similar to food delivery services, and supports self-service options for rescheduling [6]. - The app's AI self-diagnosis feature monitors device performance and allows users to report issues directly, enabling service personnel to arrive with the necessary parts, thus reducing the need for multiple service visits [9]. Group 3: User-Centric Innovations - The integration of an AI voice assistant named "Xiao You" simplifies the process of consulting, reporting issues, and scheduling services, significantly improving operational efficiency for users [9]. - The comprehensive lifecycle service upgrades address common user pain points, such as reducing the need for phone calls and ensuring timely maintenance of appliances, thereby enhancing overall customer satisfaction and solidifying Haier's position in the digital transformation of the industry [9].

Group 1: Company Performance - Yihua Co., Ltd. (002897.SZ) forecasts a net profit attributable to shareholders of 310 million to 390 million yuan for 2025, representing a year-on-year growth of 149.66% to 214.09% [1] - The net profit excluding non-recurring gains and losses is expected to be between 282 million to 362 million yuan, with a year-on-year increase of 149.40% to 220.15% [1] - For the first three quarters of 2025, the company achieved an operating income of 4.962 billion yuan, a year-on-year increase of 4.62%, and a net profit attributable to shareholders of 270 million yuan, up 16.33% year-on-year [4] Group 2: Business Segments - The company focuses on connector business and solar tracking bracket business, with communication connectors as the core and consumer electronics connectors as an important component [2] - In the high-speed communication connector sector, the company is concentrating on the R&D of 5G/6G and optical communication modules, having developed products that have passed key customer performance tests [2] - The solar tracking bracket business primarily targets the North American market, with core customers being leading manufacturers in the global photovoltaic sector [4] Group 3: Market Trends - The global connector market is experiencing rapid growth, driven by the demand from new energy vehicles and AI servers [3] - According to data from the China Business Industry Research Institute, the connector market in China is expected to reach approximately 218.1 billion yuan in 2024 and 231.2 billion yuan in 2025 [3] - The market concentration is high, with leading companies holding significant market shares, indicating substantial room for domestic substitution [3] Group 4: Strategic Partnerships and Production - The company has established long-term partnerships with major clients such as Huawei, ZTE, and Foxconn in the communication connector field [4] - Yihua Co., Ltd. has built an efficient production and supply network with overseas factories in the United States and Thailand, enabling quick responses to regional customer demands [4] - The company is well-positioned to leverage the high growth potential in the computing power and new energy sectors, supported by favorable policies and core technologies [4]

Core Viewpoint - The A-share market is experiencing significant differentiation as four companies prepare for IPOs on the Beijing Stock Exchange, focusing on the smart manufacturing sector, while the Shanghai and Shenzhen exchanges have no IPOs scheduled this week [1][2]. Group 1: Companies Preparing for IPO - Hongshida specializes in smart automation equipment and flexible production lines, targeting clients like Apple and Huawei, with projected total assets of 941 million yuan and a net profit of 70.48 million yuan by the end of 2025 [2]. - Haichang Intelligent focuses on high-performance wiring harness equipment for industries such as automotive and photovoltaic, with total assets expected to reach 1.42 billion yuan and a net profit of 88.8 million yuan by September 2025 [2]. - Hengdao Technology is engaged in the development and production of hot runner systems for injection molds, with anticipated revenue of 221 million yuan and a net profit of 60.71 million yuan by September 2025 [3]. Group 2: Mainboard Refinancing - Stada Semiconductor, established in 2005, specializes in semiconductor chips and power modules, with total assets projected at 10.606 billion yuan and a net profit of 386 million yuan by September 2025, aiming to raise 1.5 billion yuan through convertible bonds [4]. Group 3: Audit and Sponsorship - Lixin Accounting Firm is the auditor for three of the four companies preparing for IPOs, while Hengdao Technology is audited by Tianjian Accounting Firm [5].

关于最受关注的商业化前景，万丰奥威的现有业务提供了一个清晰的观察窗口。李亚透露，公司通航飞 机制造业务业绩主要来源于全球通用航空市场的发展。其中，航校培训市场主力机型DA40、DA42等在 全球飞行员培训领域拥有显著影响力。与此同时，高附加值的私人飞机市场与特种用途市场正成为增长 亮点。私人飞机在北美、欧洲市场需求量大，在亚太地区呈现不断增长态势；特种飞机则在航拍、测 绘、森林防火、巡检等领域提供定制化解决方案，发展空间可观。 置身于万丰航空特色小镇，高端制造的宏大场景令人印象深刻，总规划面积5.5平方公里，核心围绕高 端飞机制造，构建了集机场管理，通航运营、观光旅游、航空运动、飞行体验、驾照培训等于一体的完 整产业链。 这一布局不仅是万丰在通航领域深耕的实体体现，也为国内低空经济的发展提供了重要的基础设施与产 业运营样本。永盈基金通用航空ETF基金经理刘廷宇在实地探访后表示，亲见飞机总装工厂的规模与飞 机的量产状态，极大地增强了对产业落地的信心，这种"看得见、摸得着"的实体进展，是化解投资者对 新兴科技行业"应用虚无"焦虑的关键。 在低空经济的核心——飞行器制造环节，技术自主可控是竞争力的根本。李亚指出，万 ...

1月27日，久立特材（002318）(002318.SZ)发布2026年员工持股计划(草案)。这也是公司继2025年第一 期员工持股计划完成非交易过户后，公司再次实施员工持股计划，此举成为久立特材践行"长期主义"激 励的重要形式，同时也对外向资本市场释放管理层看好公司长期价值的信号。 公告显示，2026年员工持股计划首次授予部分拟参加对象不超过60人(不包含预留人数)，认购总股数为 9,500,000股，占本次员工持股计划总股数的90.13%；预留股数1040,000股，占本次员工持股计划总股数 的9.87%。合计不超过10,540,000股(含预留份额)，占公司当前股本总额977,170,720股的1.08%。 本员工持股计划筹集资金总额不超过17,559.64万元，以"份"作为认购单位，每份份额为1.00元，本员工 持股计划的份数上限为17,559.64万份。持股计划的存续期为96个月，所获标的股票锁定为12个月。 公告称，本次员工持股计划参加对象为对公司整体业绩和中长期发展具有重要作用的公司核心人员，包 括董事、高级管理人员和其他核心人员。参加本员工持股计划的员工总人数不超过60人(不包含预留人 数)， ...

赛力斯智能安全行业首创以场景定义安全的理念，构建覆盖生命保护、车身防护、健康呵护、隐私守护 四大安全领域的智能安全体系，为用户提供全方位的安全守护。在智能制造方面，赛力斯建设了三座超 级工厂，其中赛力斯超级工厂（龙兴）拥有超3000台机器人的智能协同，实现关键工序的100%自动 化；工厂内率先应用了万吨级一体化压铸机，可将原本87个零件集成为1个零件，有效提升了生产效率 和产品质量。 其实面向"十五五"，赛力斯已经体现做好了相应的技术准备。作为一家技术科技型企业，赛力斯长期深 耕电动化与智能化核心技术领域，以技术创新培育新质生产力，打造了赛力斯魔方技术平台2.0、赛力 斯智能安全、赛力斯超级增程、赛力斯超级工厂等一系列技术创新成果，构建起强大"技术护城河"。 其中，赛力斯魔方技术平台2.0以全景智慧为引领，以智能安全为底座，对智慧能源、智能底盘、EEA 架构和智慧空间进行全新升级，是面向AI驱动的智慧电动汽车平台。全新一代赛力斯超级增程系统基 于"赛翼（C2E）增程架构"与"RoboREX智能控制技术"打造，具备"静谧无感、高集成、高效率"三大行 业领先优势，增程器一升油可发电3.65度，最高热效率达44.8 ...