1月22日，当悉尼夜色与中国白酒醇香相遇，一场跨越国界的文化与商业对话在澳大利亚开启。 当晚，舍得酒业在悉尼举办舍得老酒节暨舍得自在全球上市发布会，这是其全球巡回老酒节的第五站， 也是战略新品29度舍得自在正式走向海外市场的首发站。 这场登陆南半球的老酒盛会，不仅是舍得国际化布局的关键落子，也是中国白酒在全球市场差异化竞争 的破局缩影。在复星全球生态资源的赋能下，舍得酒业持续拓展出海版图，其产品已远销42个国家和地 区，海外市场销售终端达1300家，销售规模与终端动销实现快速增长，为行业出海提供了独具价值的实 践标杆。 全球巡回老酒节落地澳大利亚，舍得老酒文化持续"圈粉"海外 从去年开始，从北美、欧洲到东南亚再到大洋洲，舍得酒业持续以老酒节IP破圈海外，与世界分享舍得 文化与老酒魅力。此次澳大利亚站老酒节延续了以老酒文化渗透高端圈层的核心逻辑，实现白酒文化与 海外精英圈层的深度链接。 酒业家了解到，本次活动现场汇聚了澳大利亚当地政商代表，以及本地经销商、老酒收藏家等华人侨领 与商界精英。借助精英圈层的影响力，舍得老酒在政商高端场景中完成自然渗透，这种以文化认同为基 础的圈层营销，打破了海外市场对中国白酒的认知 ...

近日，首届中国企业数字化转型与数字经济产业发展大会成功召开，以"政策领航、技术赋能、生态共 生"为核心逻辑，全方位呈现数字经济发展前沿与企业转型实践路径。近年来，中央顶层设计到地方配 套落实，围绕数字经济基础设施、数据要素流通、AI赋能传统产业的扶持政策密集出台，产业发展的 制度性红利正加速释放。在此背景下，富国基金将于今日起正式发行富国数字经济混合（A类： 026642；C类：026643），该产品拟由AI"捕手"罗擎担纲，助力投资者高效捕捉数字经济领域的投资机 遇。 不押注单一环节，全链条布局数字经济 回望刚刚过去的2025年，堪称"AI元年"，彼时年初DeepSeek的横空出世开启了中国科技资产的价值重估 叙事。从全年维度来看，作为算力底座的AI硬件基础设施率先发力，算力基础设施指数全年涨幅飙升 100%，而下游板块AI应用表现相对落后，AI应用概念指数全年涨幅为34.58%。然而，产业趋势的演进 总在动态变化中，步入2026年，多重产业利好正在形成共振，推动AI应用加速进入价值兑现期，一方 面，互联网大厂AI应用布局进入"收获期"，文心助手、豆包与千问构成了三大亿级AI应用入口，标志着 技术已进入大规 ...

近日，科学技术部、农业农村部、国家林业和草原局共同批复支持建设草业国家技术创新中心。该中心 以内蒙古自治区政府为组织单位，蒙草生态（300355）为牵头建设单位，集聚现代牧业(集团)有限公 司、四川林业集团有限公司等9家企业和中国科学院西北生态环境资源研究院、中国农科院草原所、中 国农业大学等6家高校院所协同共建。成立草业国家技术创新中心（内蒙古）有限公司作为实体化运营 机构，将按照"4+5"的模式进行空间协同创新布局，即在呼和浩特市设立总部，建设草品种选育与种子 高效生产、优质饲草生产与高效利用、草地生态修复与可持续利用、智能装备集成与创新4个研究所， 在东北寒区、华北温区、西北旱区、南方暖区、青藏高原高寒区等全国五大代表性区域建设5个区域中 心。 中心将践行新型举国体制，聚焦国家生态安全、粮食安全重大战略需求，以打造引领草业高质量发展的 战略力量为目标，开展草产业关键核心技术攻关，推动成果转化与产业化，保障国家生态安全和种业安 全、强化优质饲草供给、促进乡村振兴。 布局建设草业国家技术创新中心是深入贯彻落实习近平总书记重要指示批示精神、党的二十大及二十届 历次全会精神，促进我国草产业高质量发展的重要举措。 ...

Core Viewpoint - Fuda Alloy Materials Co., Ltd. is experiencing significant growth driven by the expansion of global power infrastructure investments and the booming demand in emerging sectors such as data centers and energy storage, leading to a projected net profit increase of 119.14% to 219.95% in 2025 compared to the previous year [1] Group 1: Business Transformation - The company is transitioning from traditional low-voltage electrical applications to new scenarios involving data centers and energy storage, capturing the growth opportunities presented by the AI-driven surge in power demand [2] - Fuda Alloy has expanded its business with North American data centers, achieving a revenue increase of 507% in the first half of 2025, driven by its robust technology and supply chain resilience [2] - The company’s high-performance electrical contact materials have successfully penetrated the supply chains of major tech giants like Microsoft and Meta, enhancing its market position [2] Group 2: Energy Storage Developments - Fuda Alloy's products, such as silver-tin oxide and silver-copper contact materials, are being supplied to major clients like Sungrow and Huawei for energy storage inverters, showcasing their high performance and reliability [3] - The company is actively engaged in R&D projects aimed at developing new materials for energy storage applications, which are critical for enhancing product value and profitability [3] Group 3: Anticipated Asset Injection - There is market anticipation regarding the potential asset injection from Zhejiang Guangda Electronics, which is under the same controlling shareholder as Fuda Alloy, following a previous attempt to acquire a 51% stake [4] - Guangda Electronics is a leading player in the photovoltaic silver paste sector, with a strong technical position and a diverse product portfolio, which could significantly enhance Fuda Alloy's performance upon integration [5] Group 4: Space Photovoltaics Opportunity - The photovoltaic industry is poised for growth in the space sector, with significant developments anticipated in space solar power, driven by increasing energy demands from satellite deployments [7] - Fuda Alloy and Guangda Electronics are well-positioned to capitalize on this emerging market, leveraging Guangda's advanced technology in low-temperature silver paste and conductive materials [7] - The synergy between Fuda Alloy's electrical contact materials for data centers and Guangda's future space photovoltaic silver paste business aligns with the broader AI-driven demand for computational power [8] Group 5: Future Outlook - Fuda Alloy is at a pivotal moment, balancing steady growth in traditional business with the potential for explosive growth in new sectors, particularly in data centers and energy storage [9] - The anticipated asset injection from Guangda Electronics could further enhance Fuda Alloy's capabilities in the burgeoning space photovoltaic market, marking a transformation into a key player in the AI era [9]

Group 1 - The core viewpoint of the news is the collaboration between Oyu Tolgoi and Mongcao Ecological to implement a desertification control project in Mongolia's Gobi region, establishing a 400-hectare technology-based sand control demonstration area [1][2] - This project serves as a practical case for Mongcao Ecological to advance international cooperation and contributes to the green "Belt and Road" initiative by exporting advanced ecological restoration technologies and products [2] - The project area in Mongolia's South Gobi Province faces ecological issues such as soil degradation and low vegetation cover due to overgrazing and wind erosion, prompting the need for tailored, resource-saving sand control solutions [3] Group 2 - Mongcao Ecological is the only listed company in China focused on grass seed technology and ranks first among Chinese enterprises in global grass seed innovation, emphasizing a development strategy centered on technological innovation [2] - Oyu Tolgoi LLC is committed to sustainable mining practices and adheres to international standards in environmental protection, employee health and safety, and community development, playing a significant role in Mongolia's economic growth [3] - Future collaborations between Oyu Tolgoi and Mongcao Ecological are expected to deepen in areas of ecological protection and sustainable development, providing technological support for the ecological conservation and economic development of desertified regions in Mongolia [3]

目前，博士眼镜（300622.SZ）经营发展态势良好。2026年1月17日，博士眼镜全国首家智能眼镜概念店 在深圳正式落地。该概念店通过沉浸式体验空间展示AI视觉助手在导航、翻译、信息检索等场景的应 用，并提供定制化验配流程，确保用户在享受AI功能的同时获得专业光学支持。智能眼镜概念店是博 士眼镜系统化推进"智能眼镜最后一公里"战略的关键一步。线下体验不仅关乎产品，更在于人与技术的 深度互动。门店提供的体验、验配与售后一站式服务，能显著降低用户使用门槛，门店有最新、最全的 各类智能眼镜供消费者体验，促进顾客快速决策，体验智能科技给生活带来的便利。 2025年前三季度，公司营业总收入达到10.80亿元，同比增长18.05%，归属于上市公司股东净利润8783 万元，同比增长5.21%，扣非净利润达7900万元，同比增长7.82%。截至2025年9月30日，博士眼镜在全 国拥有584家门店，其中直营门店510家，加盟店74家。目前，公司已与多家智能眼镜厂商开展合作，希 望依托覆盖全国的门店网络、专业的验配服务体系，以及多年来对消费者佩戴习惯的洞察，成为连接技 术创新与消费者真实需求的"服务桥梁"。 日前，中国证券监 ...

Core Insights - The global commercial space industry is experiencing explosive growth, with the market expected to reach $1.1 trillion by 2030, driven by policy support and demand surges [1] - China's commercial space market is projected to grow at a compound annual growth rate (CAGR) of 22.9%, nearing 2.8 trillion yuan by 2025, positioning it as a key growth driver in the global landscape [1] - The demand for low Earth orbit (LEO) satellite constellations is a primary growth driver, with over 260,000 satellites planned globally, including 42,000 by SpaceX's Starlink [1] Market Dynamics - The trend towards large-scale LEO satellite networks is reshaping industry competition, emphasizing cost control and mass delivery capabilities as core competitive advantages [2] - The average selling price (ASP) for integrated solutions provided by the company is approximately 1.5 million yuan per satellite, representing 30% of Starlink's satellite cost, with potential increases to 1.7 million yuan as technology advances [2] Company Growth Potential - The company's growth is supported by a large market base and cost advantages derived from technological synergies, achieving a production yield of 99.5% and reducing unit costs by over 40% [3] - The business structure includes carbon fiber components (40%), thermal control systems (30%), power systems (20%), and ground terminals (10%), ensuring a diversified revenue stream and risk mitigation [3] Competitive Advantages - The domestic substitution trend has provided a significant boost to the company's growth, as it has developed high-performance carbon fiber components and power modules that are 60% cheaper than imported alternatives [4] - The company has successfully integrated into SpaceX's core supply chain, leading to stable bulk orders and a positive cycle of order growth, scale effects, and cost reductions [5] Capacity and Supply Chain - The company has established intelligent production bases in Guangdong, Jiangsu, and Sichuan, with an annual capacity exceeding 100,000 sets of core aerospace components, aligning with the growth of global LEO satellite launches [6] - The comprehensive supply capability across satellite structures, thermal control, power, and ground terminals positions the company as a key supplier in the global commercial space sector [6] Ecosystem Collaboration - The company's ecosystem approach enhances business growth efficiency by integrating technology research, capacity supply, and application scenarios, breaking the limitations of single-component suppliers [7] - Collaborations with leading aerospace institutions focus on advanced materials and lightweight structures, driving continuous innovation and technical support for business growth [7] Long-term Growth Strategy - The company is positioned as a "connector" and "enabler" in the trillion-dollar market, benefiting from bulk orders from leading constellations like Starlink and increasing domestic market share through local substitution [8] - The long-term growth potential is further enhanced by expanding into ground terminals and emerging applications in space computing, ensuring a robust growth trajectory [8]

Core Viewpoint - The article highlights the historic achievement of the AITO brand reaching one million vehicles produced, emphasizing the importance of cross-industry integration as a pathway for high-quality development in the automotive sector [1]. Group 1: Company Strategy - The company aims to accelerate the global market layout of the AITO brand and promote Chinese high-end vehicles internationally [2]. - The chairman, Zhang Xinghai, reflects on the company's journey of cross-industry development, particularly the collaboration with Huawei since 2021, which has set a precedent for integration between automotive and ICT industries [1]. Group 2: Collaboration Model - The partnership with Huawei is characterized by a non-traditional joint venture model, avoiding equity ties while establishing a closely coordinated joint development system [1]. - This collaboration is based on leveraging each other's strengths and mutual trust, which Zhang attributes to the need for significant courage to achieve common goals [1]. Group 3: Industry Impact - The cross-industry integration model has provided a new development paradigm for the automotive industry, directly contributing to the company becoming the third profitable new energy vehicle enterprise in China [1].

规模维度上，截至2025年末，杭州银行总资产达23,649.02亿元，较2024年末增长11.96%；贷款总额 10,718.76亿元、存款总额14,405.79亿元，分别较2024年末增长14.33%、13.20%，存贷主业规模稳步扩 容；子公司杭银理财发展势头强劲，存续理财产品规模突破6,000亿元，较2024年末增长39%，财富管 理板块增长动能凸显。 杭州银行业务规模实现稳健增长，实体服务质效同步提升。公司深耕金融"五篇大文章"，各业务条线精 准发力、多点突破：公司金融聚焦九大客群，坚定服务实体经济发展，制造业、科技、绿色贷款余额较 2024年末分别增长22.25%、23.44%、22.75%，重点领域信贷投放力度持续加大；零售金融深耕客群精 细化经营，持续完善产品体系与渠道建设，零售客户总资产（AUM）较2024年末增长15.73%，客户价 值稳步提升；小微金融深化"两个延伸"战略，加大普惠金融支持力度，普惠型小微企业贷款余额较2024 年末增长17.06%，普惠服务覆盖面持续拓宽。 "十五五"时期是金融强国建设纵深推进的战略机遇期，金融服务实体经济、深化金融改革、防范化解金 融风险的核心导向更加明 ...

Core Insights - Elon Musk announced at the Davos Forum that establishing solar-powered AI data centers in space is a clear choice, with Tesla and SpaceX planning to build a combined solar manufacturing capacity of 200GW over the next three years, significantly exceeding market expectations [1] - The solar capacity will primarily support ground data centers and low-orbit solar AI satellites, indicating a new expansion opportunity for the global photovoltaic industry [1] Group 1: Company Positioning - Dongfang Risen is positioned as a leading enterprise in the renewable energy sector, with strong technological accumulation and commercialization capabilities, making it a preferred supplier for downstream core customers [1][2] - The company has developed a 50μm ultra-thin p-type heterojunction (HJT) battery that has been successfully delivered in bulk, showcasing outstanding performance in lightweight and radiation resistance, making it suitable for low-orbit satellite energy systems [2] - Dongfang Risen's HJT battery has a shipment history of three years, with cumulative shipments reaching several tens of thousands of pieces, solidifying its competitive edge in the space photovoltaic sector [2] Group 2: Technological Advancements - The perovskite tandem battery developed by Dongfang Risen has achieved a conversion efficiency of 30.99%, significantly surpassing current mainstream photovoltaic battery efficiency levels, providing ample room for technological evolution in the space photovoltaic field [2] - The compatibility between HJT technology and perovskite tandem technology can significantly reduce costs associated with future technological iterations and capacity upgrades [2] Group 3: Market Opportunities - The concept of space data centers, as proposed by Musk, could generate over 800GW of demand for space photovoltaic installations, exceeding the current annual new installation capacity of ground photovoltaic systems, presenting significant growth opportunities for Dongfang Risen [3] - The rapid development of global data centers driven by AI technology is increasing energy consumption, making renewable energy sources like photovoltaic power crucial for meeting new electricity demands [3] Group 4: Production Capacity and Reliability - Dongfang Risen's annual photovoltaic module production capacity has reached 40GW, with ongoing technological breakthroughs expected to push HJT cell efficiency beyond 26.60% and module efficiency beyond 24.70% by mid-2025 [4] - The company has achieved a first-year power degradation rate of no more than 1.00%, with subsequent annual degradation rates not exceeding 0.3% for the next 30 years, indicating high reliability [4] Group 5: Strategic Development - Dongfang Risen is expanding its strategic vision by focusing on both ground and space photovoltaic sectors, aiming for a dual-track development strategy that optimizes business structure and broadens profit margins [5]