近日，因审计报告有效期届满，正冲刺港股上市的易控智驾更新了招股书，也透露了国内矿区无人驾驶赛道的最新动向。 根据最新数据，易控智驾2025年前三季度业绩颇为亮眼，实现收入9.21亿元，同比增长 103.76%，已逼近2024年全年水平，进一步巩固了在行业内的领先地 位。 更关键的是，这家矿区无人驾驶领域的科技公司所布局的"不持车"轻资产模式，营收与活跃矿卡数量已全面反超传统的"持车"模式，占据总营收过半比例。 其不仅获得了紫金矿业、宁德时代、兖矿资本、德赛西威等产业巨头的战略投资与深度合作，更在商业化落地与技术创新层面持续突破，展现出强劲的发展 潜力。 据招股书，易控智驾在运行无人矿卡车队规模从 6 月份的 1400 余台增长到 2000 台以上，公司已占据中国L4级矿区无人驾驶解决方案市场近半份额。 2024 年，公司实现总收入9.86亿元，在中国所有L4级无人驾驶公司中排名第一；同时，公司是中国最大的矿区无人驾驶解决方案提供商，在该市场份额约 为 49.2%；而按同期收入计，中国作为全球最大的L4级矿区无人驾驶解决方案市场，其全球市占率超过40.5%。 进入2025年，易控智驾基本面持续优化，增长动能充沛 ...

为捍卫自家核心产品的专利保护期，创新药企云顶新耀（HK01952，股价44.62港元，市值157.75亿港元）在官方微信公众号上主动"开火"。 12月23日，云顶新耀发布声明称："近期，我司注意到，有针对我司上市许可产品布地奈德肠溶胶囊（耐赋康）的仿制药品的上市许可获得批准。" 云顶新耀方面认为，耐赋康的相关技术在中国受到专利保护，该专利目前处于有效状态，其专利权有效期直至2029年5月7日届满。针对任何涉嫌违反上述规 定及承诺的侵权行为，云顶新耀称保留依法采取一切后续行动的权利。 图片来源：云顶新耀微信公众号 据《每日经济新闻》记者（以下简称"每经记者"）检索，12月22日，国家药品监督管理局官网曾发布药品批准证明文件送达信息，其中海南合瑞制药股份有 限公司（以下简称"海南合瑞"）的布地奈德肠溶胶囊（国药准字H20256302）显示已于12月16日得到批准。 12月24日晚间，每经记者联系到海南合瑞董事长钟正明，他对此回复称："目前我们正在跟相关专业的法律人士进行咨询和沟通，是否侵权关键还是要看技 术方案是否落入对方专利权保护的范围。（布地奈德肠溶胶囊）上市销售与否，我们现在还没有做最后的决定。" 耐赋康首 ...

经济观察网据商务部网站消息，2025年12月30日，中共中央政治局委员、外交部长王毅在北京出席2025 年国际形势与中国外交研讨会开幕式并作主旨发言。 王毅表示，"十五五"时期是基本实现社会主义现代化夯实基础、全面发力的关键时期。中国与世界关系 进入我们可以为人类发展进步作出更大贡献的新阶段。2026年作为"十五五"开局之年，中国特色大国外 交要更有作为。我们将为国家发展民族振兴提供更坚实战略支撑，为走出大国关系新路开辟更有效途 径，为构建周边命运共同体作出更积极努力，为全球南方共同迈向现代化汇聚更磅礴力量，为全球开放 合作注入更强劲动力，为改革完善全球治理作出更突出贡献，为捍卫国家利益展现更坚定使命担当。 王毅强调，我们将更加紧密地团结在以习近平同志为核心的党中央周围，坚持习近平外交思想的科学指 引，以更加积极主动的历史担当、更加富有活力的创造精神，为强国建设、民族复兴伟业和构建人类命 运共同体事业作出新的贡献。 2025年国际形势与中国外交研讨会由中国国际问题研究院主办。 王毅表示，2025年是世界反法西斯战争胜利80周年,也是联合国成立80周年。这一年，国际格局演变走 向分水岭，单极霸权不得人心，多极世 ...

Core Viewpoint - Xi'an Bank is actively advancing its digital transformation in response to national strategies for building a strong financial sector and promoting digital finance, aiming to shift from "input-driven" to "value-creating" approaches in its operations [1][2] Group 1: Digital Transformation Initiatives - Xi'an Bank has launched a mobile banking app that offers various convenient services, reflecting its commitment to enhancing customer experience through digital solutions [1] - The bank has been recognized as the "Digital Ecological Construction Pioneer Star" for its outstanding performance in building a digital ecosystem [2] - The bank's "Salary Manager" platform, set to fully launch in May 2024, aims to assist small and medium-sized enterprises in managing payroll and tax efficiently through digital services [3] Group 2: Local Engagement and Services - Xi'an Bank focuses on local scene integration, supporting digital governance and community services, with over 400 smart community services covering nearly 500,000 citizens [4] - The bank has developed multiple one-stop talent service platforms, impacting around 130,000 high-level talents in Xi'an and surrounding areas [4] - The bank has established payment service centers in key tourist areas to enhance payment convenience for visitors [5] Group 3: Digital Currency and Innovation - Xi'an Bank is one of the first banks in the region to implement digital RMB services, creating an operational model that integrates digital currency into various payment scenarios [6] - The bank has collaborated with local government agencies to develop a service ecosystem that includes digital RMB payment channels, setting a benchmark for digital transformation in public services [6] - The bank's innovative approach in supply chain finance has simplified financing processes for small businesses, enhancing their access to capital [8] Group 4: Efficiency and Risk Management - The bank has implemented RPA and AI technologies to optimize internal processes, significantly reducing manual operation time and improving efficiency in various tasks [10] - Xi'an Bank has developed an intelligent risk control system that utilizes real-time data to enhance credit decision-making and prevent fraudulent activities [10] - The bank's initiatives have successfully intercepted suspicious transactions, preventing potential losses exceeding 50 million yuan [10] Group 5: Future Outlook - Xi'an Bank plans to focus on technology upgrades and digital empowerment as part of its "Renewal Project," aiming to enhance the adaptability and competitiveness of its financial services [11] - The bank is committed to integrating digital finance innovations to support high-quality regional development in Shaanxi [11]

沧州银行坚持将金融科技深度融入本地生活场景，深化政银企合作，落地智慧政务、智慧医疗、智慧校 园等百余个场景，覆盖社保查询、医院挂号及物业缴费等高频需求，整合水电气暖缴费、商超优惠等高 频场景，构建覆盖客户衣食住行的便民惠企"本地生活圈"。 在提升效率、优化体验的同时，沧州银行筑牢数字化风险防线，依托"沧银烽火台"投后贷后监测预警系 统，建立全流程智能风控体系，累计精准识别风险超18万个。运营端应用RPA技术替代高频人工操作， 配备移动营销终端支持员工上门服务，破解特殊群体"跑网点难"痛点。升级智慧网点与集中作业中心， 优化厅堂功能布局，实现客户分流更合理、服务响应更高效。 沧州银行工作人员在数据中心进行日常系统维护。 沧州银行以数字金融为牵引，按下数字化转型"加速键"，走出了一条特色鲜明、稳健务实的科技赋能路 径。 面对数字化转型浪潮，在党委书记、董事长梁宝龙的牵头推动与全程调度下，沧州银行党委凝心聚力， 仅用14个月就完成了新一代核心系统"兴航工程"的投产切换。该系统采用"分布式核心+信创云平台 +OceanBase数据库"架构，在省内城商行中率先实现全栈信创落地，为业务创新与服务升级筑牢技术底 座。项目斩 ...

Core Viewpoint - Lin Qingxuan Cosmetics Group officially listed on the Hong Kong Stock Exchange on December 30, 2025, with a strong IPO performance, raising approximately HKD 997 million for R&D, channel expansion, and brand upgrades [2][3] Group 1: Company Overview - Lin Qingxuan was founded in 2003 and has established a unique position in the Chinese skincare market with its "oil-based skincare" philosophy [2] - The company's core product, Camellia Oil Essence, has been the top-selling facial oil in China since its launch in 2014, with cumulative sales exceeding 50 million bottles [2][3] Group 2: Financial Performance - In the first half of 2025, Lin Qingxuan achieved revenue of CNY 1.052 billion, a year-on-year increase of 98% [2] - Gross profit reached CNY 866 million, reflecting a 99.5% year-on-year growth, while net profit surged to CNY 182 million, up 110.16% year-on-year [2] Group 3: Market Position and Innovation - According to Zhaoshang Consulting, Lin Qingxuan ranks first among high-end domestic skincare brands in China by retail sales in 2024, being the only domestic brand in the top 15 high-end skincare brands [3] - The company has increased its R&D investment, resulting in over 600 formula achievements and 87 patents, including 46 invention patents [3] Group 4: Strategic Initiatives - The release of the "Three-Year Action Plan for the Improvement of Quality Management System in Cosmetic Enterprises (2026-2028)" aligns with Lin Qingxuan's strategic development of high-altitude Camellia flower bases in Zhejiang and Jiangxi, creating a competitive barrier [3] - The founder, Sun Laichun, indicated plans to enhance R&D in skin science, botany, and cutting-edge skincare technologies, while also optimizing key products for better consumer experience and shareholder value [3]

Core Viewpoint - The successful acquisition of the first domestic manned airship production license (PC certificate) for the "Xiangyun" AS700 marks a significant milestone for China's aviation industry, paving the way for mass production and commercial operation of domestically developed airships [1] Group 1 - The "Xiangyun" AS700 manned airship has received the first production license issued by the Civil Aviation Administration of China, indicating its readiness for mass production [1] - This achievement establishes a solid foundation for the large-scale delivery and commercial operation of domestic manned airships [1] - The airship had previously obtained the type certificate (TC) in December 2023, completing the regulatory framework from design approval to production approval [1]

Core Viewpoint - Lin Qingxuan officially listed on the Hong Kong Stock Exchange on December 30, 2023, marking its position as the first high-end domestic skincare brand in the Hong Kong market [1][2]. Company Overview - Lin Qingxuan, founded in 2003, is known for its "oil-based skincare" approach, with its Camellia Oil Essence being a core product since its launch in 2014 [1]. - The company has expanded its brand portfolio to include Xiaoxin Xuan and Huai Piao Zhuang, targeting younger consumers and community beauty services respectively [1]. Financial Performance - For the first half of 2025, Lin Qingxuan reported revenue of 1.052 billion yuan, a significant increase of 98% year-on-year; gross profit reached 866 million yuan, up 99.5%; and net profit was 182 million yuan, reflecting a 110.16% increase [1]. - The company has achieved cumulative sales of over 50 million bottles of its Camellia Oil Essence, which has been the top-selling facial oil product in China for 11 consecutive years [2]. Market Position - Lin Qingxuan ranks first among high-end domestic skincare brands in China with a market share of 1.4%, and is the only domestic brand among the top 15 high-end skincare brands [3]. - The high-end skincare market in China is projected to reach 114.4 billion yuan in 2024, with the anti-wrinkle cosmetics market expected to grow to 260.24 billion yuan, accounting for 33.59% of the total cosmetics market [3]. Innovation and R&D - The company has over 600 formula achievements and 87 patents, including 46 invention patents, focusing on key areas such as Camellia ingredient extraction and anti-wrinkle technology [2]. - Lin Qingxuan has been recognized as a leading brand in "cell-level anti-wrinkle" technology, confirming its market position through a collaborative project with the Beauty Industry Research Institute [3]. Strategic Direction - The listing is seen as a new starting point for Lin Qingxuan to enhance its multi-brand and global expansion strategy, which will require improved supply chain capabilities and brand management [5]. - The company aims to strengthen its brand building and retail store layout while continuing to invest in research and development in skincare technology [2][5].

与周其仁老师在致福轩会议室 2019年7月28日，在完成与DPS博士班四届52位同学一起在纽约美国福坦莫大学商学院三周课程学习工作之后，我从纽约纽瓦克机场乘国航航班返回北 京。万里高空，长途飞行，让我能有更多的时间读书和思考。打开手机Kindle电子版，重新读了四篇周其仁老师的经典文章："研究真实世界的经济学--- 科斯研究经济学方法及其在中国的实践"（周其仁,1997,P313-326)；" 改革30年感言"（周其仁,2008-1）；"邓小平做对了什么？---在芝加哥大学"中国改革 30年讨论会"上的发言"（周其仁,2008-2)；"公司理论与中国改革"（周其仁,2008-3)。对理解周其仁老师的研究方法论有了新的认识。 汪丁丁老师在其新著《思想史基本问题》一书中写道："以我神秘主义的感觉：思想是感悟的结果，学术是方法的结果"（汪丁丁,2019,P36）。 周老师在介绍科斯1937年"企业的性质"的论文时指出，这篇传世且因此获得1991年诺贝尔经济学奖的论文恰恰是从研究经济学的方法开篇，科斯指出过去 的经济理论"一直因未能清楚地说明其假设而备受困扰"；许多经济学家在建立一种经济理论时，"常常忽略对其赖以成立 ...

Core Viewpoint - Wuyi Vision Digital Twin Technology Co., Ltd. has successfully listed on the Hong Kong Stock Exchange, marking it as the first "Physical AI" stock in China, with a strong market response on its debut day [2] Group 1: IPO Details - Wuyi Vision's stock opened at HKD 35, a 14.75% increase from the issue price of HKD 30.5, with a market capitalization exceeding HKD 14 billion at one point [2] - The company issued a total of 23,975,200 shares, raising a total of HKD 731 million during the IPO [2] - The public offering in Hong Kong was oversubscribed by 258 times, attracting a diverse range of investors including long-term funds, hedge funds, and strategic investors [2] Group 2: Company Background - Founded in February 2015, Wuyi Vision focuses on digital twin technology, investing heavily in 3D graphics, simulation, and artificial intelligence [2] - The company has developed three core business platforms: 51Aes (Digital Twin Platform), 51Sim (Intelligent Driving Simulation Platform), and 51Earth (Digital Earth Platform) [2] - Wuyi Vision has a strong backing from notable investors including Lightspeed, Yunjiu, Star VC, and SenseTime, as well as individual investors like Ge Weidong [2] Group 3: Financial Performance - The company reported revenues of CNY 170 million, CNY 256 million, CNY 287 million, and CNY 54 million for the years 2022 to 2024 and the first half of 2025, respectively [3] - Adjusted net losses were CNY 132 million, CNY 68 million, CNY 43 million, and CNY 67 million for the same periods [3]