转自：中国证券报·中证网 据了解，日前，壹连科技入选"2025深圳企业500强榜单"，位列234位。 中证报中证网讯（王珞）10月29日，壹连科技接待了中信建投证券的特定对象调研。壹连科技在公告中 披露，2025年前三季度，壹连科技实现营收、利润双增长，营业收入为35.06亿元，同比增长28.93%； 归母净利润为2.21亿元，同比增长20.42%；扣非净利润为2.04亿元，同比增长18.09%。其中，第三季度 公司实现营业收入14.40亿元，同比增长40.15%；归母净利润8457.73万元，同比增长23.69%。 据介绍，公司产品电连接组件的应用领域广泛，涉及电能驱动和信号传输的各个环节。前三季度，新能 源汽车仍是公司产品的主要应用领域，占比83.6%；储能系统应用领域占比10.9%，工业设备、医疗设 备、消费电子、低空经济、AIDC服务器等领域占比约5.5%。 壹连科技表示，低空经济和AIDC服务器是公司重点开拓的新兴市场，前三季度分别实现营业收入约900 万元和1900万元。公司一直密切关注AI算力及数据中心的行业发展，目前产品已应用于AIDC电源领 域。AIDC电源对公司电连接产品的高载流、低损耗、 ...

Core Viewpoint - The company, Haomei New Materials, reported a solid performance in Q3 2025, with a revenue increase of 15.40% year-on-year, driven by its focus on lightweight aluminum materials for the automotive industry [1][2]. Financial Performance - In the first three quarters, the company achieved total revenue exceeding 5.58 billion yuan, with Q3 revenue around 2 billion yuan, reflecting a 16.37% increase compared to the same period last year [1]. - The net profit attributable to shareholders exceeded 51.41 million yuan, marking a 6.41% year-on-year growth, while the net profit after deducting non-recurring items was approximately 52.54 million yuan, up 13.06% [1]. Industry Trends - The demand for aluminum in automotive lightweighting is expected to rise significantly, with targets of 250 kg per vehicle by 2025 and 350 kg by 2030, providing substantial growth opportunities for aluminum-based material companies [2]. - The automotive industry in China is experiencing a stable increase in aluminum usage, driven by the growing penetration of new energy vehicles [2]. Business Development - Haomei New Materials has established a comprehensive industrial chain in the automotive lightweight aluminum sector, covering everything from casting to downstream system integration [1]. - The company is focusing on high-performance aluminum components for automotive applications, with products including aluminum crash beams, battery trays, and various structural components [2]. - The automotive lightweight business is becoming a key revenue driver, with 90 new designated projects planned for 2024 and over 70 additional projects expected in the first half of 2025 [2]. Strategic Initiatives - The company is transitioning from a "material shipment" model to a "component shipment" model, enhancing its service capabilities to downstream clients [3]. - A new processing base for automotive lightweight components is being established in Wuhu, Anhui, to improve supply and post-processing capabilities [3]. - The company has made significant strides in its overseas expansion, including a partnership to establish a production base in Morocco, aimed at serving the European and North African markets [3]. - Recent share buyback actions by the management reflect confidence in the company's growth prospects [3].

全球化是超越单一门店出海模式，以全球视野统筹资源，实现以目标市场本地化深耕为核心的全球化运 营，打造赋能中国品牌出海的生态平台。通过"陆军"实体网络扎根、"海军"平台通路护航、"空军"数字 引领的协同作战，居然智家将从"中国领先的家居运营商"跃升为"具有全球影响力的家居生态平台"。 可持续发展是将"绿色化"升级为体系化的"可持续发展"，明确阶段性目标与实施路径，实现环境友好、 社会责任与商业价值的统一。未来三年，居然智家将每年发布高质量《ESG报告》，打造卖场低碳环保 产品专区，累计实现碳排放减少20%。 心服务铸就温度方面，面向消费者，居然智家正式推出"居然1+6心服务体系"——以"统一收银，先行赔 付"为核心，配套质量问题三年"三包"、绿色环保、一个月无理由退换货、保价90天、居然管家全程陪 购、家电三年免费清洗等六项承诺，实现服务从"有"到"优"、从"标准"到"心"的品质升级。 中证报中证网讯(王珞)10月29日，居然智家（000785）在北京举办"传承.创新"战略发布会。居然智家董 事长兼CEO王宁以"新战略、心服务、鑫模式"为主题，系统发布了指引公司未来发展的战略框架。王宁 还带领核心管理团队集体亮 ...

Core Insights - The company reported a net profit attributable to shareholders of 3.01 billion yuan for the first three quarters of 2025, representing a year-on-year increase of 75.13% [1] - In the third quarter alone, the net profit attributable to shareholders reached 1.45 billion yuan, showing a remarkable year-on-year growth of 106.53% [1] - The company's operational performance has reached a new high [1]

Core Insights - Shandong Expressway reported a revenue of 16.841 billion yuan and a net profit of 2.619 billion yuan for Q3 2025, marking a year-on-year increase of 4.11% in net profit [1] - The company's asset scale reached 162.947 billion yuan, reflecting a year-on-year growth of 0.78% [1] Road and Bridge Operations - The company focuses on enhancing its core road assets, which are among the busiest in Shandong province, benefiting from the rapid growth in traffic volume due to national economic development [2] - Toll revenue (including tax) reached 7.877 billion yuan, a year-on-year increase of 4.08% [2] - The company implemented innovative operational models, saving approximately 4.41 million yuan in operational costs through the promotion of 21 groups of "non-station auxiliary stations" and 86 centralized toll station models [2] - The company achieved a 99.94% all-weather traffic rate by enhancing road safety and control measures [2] Engineering Construction - The company is systematically advancing key construction projects to enhance regional transportation networks and support high-quality economic development [3] - Significant progress has been made in core expansion projects, including the successful completion of the first phase of the Beijing-Taiwan Expressway Qiji section [3] - The Laiyang to Weifang section of the S16 Rongwei Expressway is undergoing fully enclosed construction, significantly improving construction efficiency [3] Compliance and Corporate Governance - Shandong Expressway emphasizes compliance in information disclosure, achieving an A-class rating from the Shanghai Stock Exchange for its disclosure practices for 2024-2025 [4] - The company has been recognized for its excellent performance in environmental, social, and governance (ESG) areas, ranking among the top 100 in market capitalization and holding an AA-level ESG rating in the transportation industry [4] - The company plans to introduce Anhui Expressway as a strategic investor to enhance service quality and operational efficiency [4] Future Outlook - The company aims to focus on high-quality development, aspiring to become a leading infrastructure investment and construction service provider in China [5] - The strategic goal includes integrating operations management, construction management, and investment across the industry chain to deliver stable long-term returns to shareholders and investors [5]

中证报中证网讯(王珞)10月29日泰恩康（301263）官微发布消息，泰恩康旗下FIC创新小分子CKBA的最 新研究成果登上国际顶级期刊《Nature Aging》(2024年影响因子19.4)。该研究由CKBA发明人、上海交 通大学医学院附属第一人民医院王宏林团队完成，为阿尔茨海默症治疗提供了全新理论依据与药物开发 方向。 泰恩康表示，目前正推进CKBA在白癜风III期及玫瑰痤疮II/III期临床试验，同时将加速其治疗阿尔茨海 默症的研发进程，未来有望为全球千万患者带来新希望。 该研究构建了"MFE-2功能缺失→脂代谢障碍→炎性激活→神经退行性病变"的完整致病通路，展示了从 机制研究到转化应用的全链条布局，标志着我国在阿尔茨海默症干预领域的重要突破。 阿尔茨海默症作为全球最常见的神经退行性疾病，其核心致病路径尚未完全明确，脂代谢紊乱与脑内免 疫激活的关联机制缺乏直接证据。此次研究首次在机制层面揭示"脂质代谢-小胶质细胞活化-神经炎 症"的"脂-炎"轴关键环节，明确全新靶点MFE-2的靶向价值。 ...

在功能实现层面，"参考生视频"功能依托万兴天幕领先的多模态理解与生成能力，通过三类参考图像的 分工协作，实现了对视频生成过程的精细控制。用户最少只需上传一张主体图，即可一键生成视频，并 可基于创作需求灵活叠加风格图与场景图，满足从基础到进阶的多样化创作需求，大幅提升视频创作效 率。 转自：中国证券报·中证网 AI视频赛道正迎来高速发展。中研普华预测，2025年中国AI视频行业市场规模已突破1200亿元，预计 到2030年将达5800亿元，年复合增长率超35%，AI视频正在经历从"工具辅助"到"内容主体"的质变。同 时，AI视频生成逐步迈入"实用性"与"落地性"并重的阶段，用户对AI视频的标准持续提升，更可控、更 快速、更真实的AI视频创作能力愈发重要。AI视频创作浪潮下，万兴科技正持续推动AI技术创新与场 景落地。 中证报中证网讯（记者 万宇）近日，万兴科技加速推进"创意平权"进程，旗下AIGC视频创作平台万兴 天幕创作广场及移动端万兴天幕AI App推出"参考生视频"功能，用户可通过上传主体、风格、场景三类 参考图像，实现从静态画面到动态影像的一键式创作。 ...

Group 1 - TCL Technology reported a revenue of 135.9 billion yuan for the first three quarters of 2025, representing a year-on-year growth of 10.5% [1] - The net profit attributable to shareholders reached 3.05 billion yuan, showing a significant increase of 99.8% year-on-year [1] - Operating cash flow was 33.84 billion yuan, up 53.8% compared to the previous year [1] Group 2 - In Q3 alone, the net profit attributable to shareholders was 1.16 billion yuan, reflecting a quarter-on-quarter growth of 33.6% [1] - TCL Huaxing, a core business unit, achieved a revenue of 78.01 billion yuan in the first three quarters, with a year-on-year increase of 17.5% [1] - The net profit for TCL Huaxing was 6.1 billion yuan, marking a 53.5% year-on-year growth [1] Group 3 - The company's photovoltaic business is gradually recovering, with Q3 profits improving by 22% quarter-on-quarter [1] - TCL Zhonghuan has seen a continuous increase in revenue for three consecutive quarters, with net profit showing significant improvement [1] Group 4 - The semiconductor display industry is optimizing, and the profitability of the industry is strengthening, which bodes well for TCL Technology's future performance [2] - The renewable energy photovoltaic sector is gradually warming up, indicating potential for better operational results for the company [2]

Core Insights - The focus of the technology sector is shifting from basic operational improvements to the development of AI businesses as highlighted by Liu Kefe, the fund manager of the Jianxin Hong Kong Stock Connect Selected Mixed Fund [1] - The driving factors for growth in 2024 are expected to be operational improvements and valuation recovery, with a current emphasis on the progress of AI initiatives among various companies [1] Summary by Categories - **AI Business Development** - The consumption of tokens by leading domestic AI models is doubling every three months, indicating rapid growth in AI capabilities [1] - Major technology companies are advancing their AI businesses through a three-pronged approach involving model development, self-researched chips, and cloud computing [1]

Core Insights - The company has demonstrated resilience in a fluctuating industry, achieving steady revenue growth with a year-to-date revenue of 1.229 billion yuan, reflecting a 6.13% year-on-year increase, and a net profit attributable to shareholders of 17.22 million yuan for the first three quarters [1][2] - The third quarter alone saw revenue of 406 million yuan, marking a 2.39% year-on-year growth, indicating the company's ability to maintain growth during industry adjustments [1] Revenue and Orders - The company reported a significant increase in contract liabilities, reaching 266 million yuan at the end of the period, which is an 88.04% increase from the beginning of the year, indicating strong market recognition of its products and ample room for future revenue release [2] - The increase in advance payments reflects a solid foundation for sustained business growth [2] Strategic Developments - The company is focusing on three strategic areas to build competitive barriers: platform integration, digital transformation, and supply chain upgrades [2] - The platform integration strategy has led to improved resource allocation and business collaboration, enhancing the company's industry influence and scale effects [2] - Ongoing digital transformation efforts are expected to boost production efficiency, shorten delivery times, and optimize cost structures, contributing to effective operations [2] - Recent supply chain upgrades have improved response times and stability, helping the company withstand market fluctuations [2] Future Outlook - The company plans to continue leveraging platform integration, digital empowerment, and supply chain upgrades to optimize product structure and enhance operational efficiency [2] - By deepening digital initiatives and refining the supply chain network, the company aims to solidify its core competitiveness and seize opportunities during the industry's recovery phase for high-quality development [2]