医药股今天大涨，三生国健 "20CM"涨停，迎来两连板。 5月20日，三生国健公告称，公司及关联方三生制药和沈阳三生制药有限责任公司共同授予辉瑞公司 （Pfizer Inc．）在许可区域及领域的独家开发、生产和商业化许可产品707项目的权利。根据协议，辉 瑞将支付12.5亿美元不可退还且不可抵扣的首付款，最高可达48亿美元的开发、监管批准和销售里程碑 付款，以及根据授权地区产品销售额计算得到的两位数百分比的梯度销售分成。 另外，今天市场还有两个关注点。一是宁德时代登陆港股，其港股大涨，其A股上涨1.15%。二是部分 高位抱团股今天盘中巨震，利君股份、尤夫股份、宁波远洋等个股跌停。 炒股就看金麒麟分析师研报，权威，专业，及时，全面，助您挖掘潜力主题机会！ 今天，A股三大股指齐涨，截至收盘，上证指数上涨0.38%，深证成指上涨0.77%，创业板指上涨 0.77%。大消费和医药股今天表现最强。具体看，大消费方面，宠物经济、培育钻石、美容护理、谷子 经济等板块涨幅居前。 | 上证指数 | 深证成指 | 创业板指 | | --- | --- | --- | | 3380.48 | 10249.17 | 2048.46 ...

Group 1 - The core viewpoint of the articles highlights Aiyingshi's commitment to sustainable development, evidenced by its continuous release of ESG reports over the past five years and recognition through various awards [1][2] - Aiyingshi has integrated green development principles into its daily operations, implementing green office practices, green warehousing, and logistics, as well as green store construction [1] - The company has launched a logistics transportation management system (TMS) that digitizes delivery processes, enhancing operational efficiency and reducing resource waste [1] Group 2 - Aiyingshi's solar power generation project produced a total of 603,000 kWh during the reporting period, marking a 59.9% increase compared to 2023, with 295,000 kWh used for self-consumption [1] - The company initiated a clothing recycling program called "Old Clothes for New Children," successfully recovering 6,573 pieces of clothing, promoting the concept of a circular economy [1] - Aiyingshi is actively involved in rural revitalization by empowering the agricultural supply chain, sourcing geographical indication fruits, and ensuring the natural purity of baby food while supporting local farmers [2] Group 3 - The company has invested a total of 3.2 million yuan in purchasing fruits from cooperative farmers during the reporting period [2] - Aiyingshi plans to continue its sustainable development efforts by integrating ESG principles with its business strategy, focusing on "channels + brands + multiple industries" [2]

责任编辑：刘万里 SF014 5月19日晚，招商基金公告称，自5月20日起，招商基金总经理由徐勇变更为钟文岳。变更原因主要是徐 勇任期已满，其因个人原因向股东提出离任申请，不再担任公司总经理职务。 钟文岳曾在中农信福建集团公司、申银万国证券股份有限公司、厦门海发投资实业股份有限公司、二十 一世纪科技投资有限责任公司、新江南投资有限公司、招商银行股份有限公司工作。2015年6月至2023 年6月期间，在招商基金任党委副书记、常务副总经理、财务负责人、深圳分公司及成都分公司总经 理。2023年7月至2025年5月，在招银理财有限责任公司工作，任党委副书记、总裁。2025年5月再度回 归招商基金，现任党委副书记、董事、总经理。 MACD金叉信号形成，这些股涨势不错！ 钟文岳表示，今年是公募基金行业高质量发展关键之年，是行业重塑生态、加快转型的关键机遇期。招 商基金将坚定贯彻落实《推动公募基金高质量发展行动方案》，提升投资研究、资产组织、风险管理、 科技支撑、业务创新及人才队伍建设各项能力，以实际行动为推进金融强国建设作出新的贡献。 具体来看，在经营发展层面，公司将努力做好以下几点：一是加强投研核心能力。进一步促进投 ...

Group 1 - The Ministry of Science and Technology and six other departments have issued policies to accelerate the construction of a technology finance system, introducing 15 measures to channel more financial resources into technological innovation [1] - Key highlights of the 15 policy measures include top-level design for a new technology finance ecosystem, establishment of a "National Venture Capital Guiding Fund" to promote the transformation of major technological achievements into productive forces, and optimization of state-owned venture capital assessments to unleash investment vitality [1] - AI is increasingly recognized as a strategic focal point in global technological competition, with the potential for multiple catalysts in the AI sector as policies and regulations are implemented [1] Group 2 - The Sci-Tech Innovation Board Artificial Intelligence ETF closely tracks the Sci-Tech AI Index, which selects large market capitalization companies from the Sci-Tech Innovation Board, covering sectors such as computers, chips, software, and services [2] - The Robotics ETF Fund tracks the CSI Robotics Index, which includes sample stocks from system solution providers, digital workshop and production line integrators, automation equipment manufacturers, and related companies to reflect the performance of the robotics industry [2] - The Hong Kong Technology 30 ETF tracks the Hang Seng Hong Kong Stock Connect China Technology Index, with significant representation from the information technology, discretionary consumption, industrial, and telecommunications sectors, indicating a high technology content [2]

Group 1 - The event "Ancient Brine, New Life, Intelligent Manufacturing Health" was hosted by Luyin Investment and its subsidiary Shandong Luyin Group, showcasing the integration of traditional salt-making techniques with modern intelligent manufacturing [1] - Shandong province is a key player in the national salt industry, with policies aimed at optimizing the development environment and promoting the province from a major salt producer to a strong salt producer [1] - In 2024, Shandong is expected to lead the country in the production of major salt products, including raw salt, sea salt, and bromine [1] Group 2 - Luyin Group has been innovating to promote industrial transformation and upgrading, establishing a leading "smart demonstration salt field" in the national sea salt industry through various technological innovations [2] - The company is exploring new paths for salt industry development by integrating renewable energy, such as setting up photovoltaic panels in salt fields to enhance land utilization and create new economic growth points [2] - Luyin Group is also advancing the construction of salt cavern energy storage to develop new growth opportunities [2]

清华大学计算机系教授、中国工程院院士郑纬民在关于人工智能大模型基础设施建设与应用探索的演讲 中表示，2025年人工智能发展呈现两大特点：一是多模态，二是应用于GDP密切相关的行业，其中中国 在推动AI落地方面具有显著优势。他进一步介绍，人工智能大模型的生命周期主要包括数据获取、预 处理、模型训练、微调和推理五个环节，前三个环节需要大量算力和存储资源，通常由阿里、华为、 DeepSeek等大型科技公司完成，一般单位只需基于已有基础模型进行领域适配的微调和后续的推理应 用。 "问道智能"圆桌论坛上，多位专家对于机器智能的认知能力和人形机器人未来发展进行了深入讨论。 多位嘉宾一致认为，AI并非人类的替代者，而是人类认知与能力的延伸。清华大学智能产业研究院院 长、中国工程院外籍院士张亚勤表示，在认知中人类仍是主宰，机器或者机器人还在从属地位。 中证报中证网讯(记者王婧涵)5月17日，2025搜狐科技年度论坛在北京举办，多位专家与产业界人士围 绕基础科学突破、技术革命产业化应用、人工智能与人类文明演进等议题进行了探讨。 搜狐创始人张朝阳表示，2024年以来，AI发展进入快车道，具身智能百花齐放。科技进步带来惊喜的 同时 ...

Core Viewpoint - The launch of the Tianyi Ultra HD AI Middle Screen by Guomai Culture aims to meet market demands and enhance user trust and market competitiveness through diversified business growth and intelligent transformation [1] Group 1: Market Challenges - The telecommunications industry faces significant challenges, including market saturation, price wars, and service homogenization, leading to declining profits and reduced user loyalty [2] - The growth of mobile users is slowing, with new users primarily from low-consumption demographics, limiting the overall ARPU (Average Revenue Per User) increase [2] - Insufficient penetration of value-added services and increasing diverse user demands further hinder ARPU growth [2] Group 2: Product Features and Innovations - The Tianyi Ultra HD AI Middle Screen is the first AI-driven multi-screen interactive terminal, expected to leverage its unique interaction and content aggregation capabilities for business growth [3] - The product integrates advanced AI capabilities and innovative technologies, including a voice assistant for complex queries and a "human voice enhancement" feature tailored for elderly users [4] - The device aims to create a diverse family entertainment ecosystem, featuring extensive content such as 17 HD channels, 31 major satellite channels, and over 2,500 quality programs for children and the elderly [4][5] Group 3: Future Development - Guomai Culture plans to continue leveraging its technological and content advantages to lead innovation in family digital entertainment and foster intergenerational entertainment experiences [5]

Core Viewpoint - 佛塑科技 is focusing on expanding its business in the high-performance polymer film and composite materials sector, with a strategic acquisition of a leading lithium battery separator company, Jinli Co., to enhance its growth and market position [1][3]. Financial Performance - In 2024, 佛塑科技 achieved an operating income of 2.228 billion yuan, a year-on-year increase of 0.61% - The company reported a net profit of 96.575 million yuan, reflecting a significant year-on-year growth of 153.48% - For Q1 2025, 佛塑科技's operating income was 512 million yuan, up 2.26%, with a net profit attributable to shareholders of 19.912 million yuan, marking a 9.98% increase [1]. Strategic Development - 佛塑科技 aims to enhance its operational efficiency and investment value through a combination of organic growth and external acquisitions, focusing on its leading position in niche markets [1]. - The company is actively pursuing the acquisition of Jinli Co., which specializes in lithium battery separators, to create a second profit growth point and has recently released a transaction draft for this acquisition [1][3]. Industry Position of Jinli Co. - Jinli Co. is a high-tech enterprise specializing in the R&D, production, and sales of lithium battery wet separators, with a market share of approximately 18% in China's wet separator market, ranking second in the industry [2]. - The company has established stable business relationships with major domestic battery manufacturers and is expanding its supply to overseas firms [2]. - Jinli Co. has a total production capacity of about 5 billion square meters as of the end of 2024, with steady sales growth in early 2025 [2]. Benefits of the Acquisition - The acquisition of Jinli Co. will allow 佛塑科技 to enter the lithium battery separator market, enriching its product portfolio in the new energy sector [3]. - This strategic move is expected to enhance 佛塑科技's operational capabilities, expand its business scale, and improve its market competitiveness, contributing to long-term sustainable development [3].

Core Viewpoint - The company aims to improve its customer structure and product categories in the consumer electronics sector, focusing on the development of key products to enhance profitability in its power supply business [1]. Group 1: Business Performance - In the saw cutting sector, the company maintained stable revenue of 669 million, with a gross margin of 43.41%, indicating good profitability [2]. - The subsidiary, Meite Sen, achieved revenue of 103 million, reflecting a year-on-year growth of 11.45% [2]. - The company has strengthened its integrated cooperation model with manufacturers, fostering a positive industrial ecosystem [2]. Group 2: Product Development - The company successfully developed a toothless product, TCB-EMP, and achieved revenue of 413 million from mid-to-high-end saw cutting products, with hard alloy band saws and wide band saws growing by 2.42% and 2.12% respectively [3]. - The company has established sales partnerships with over 50 countries and regions, leveraging product quality and production capacity to expand its international market presence [3]. Group 3: Power Supply Business - The power supply business experienced a revenue decline due to increased competition and capacity ramp-up, but the AI terminal trend is expected to drive demand [4]. - The company reported a revenue of 176 million from its high-power power supply business, marking a year-on-year growth of 30% [4]. - The company has made significant shipments in smart photovoltaic and energy storage products, positioning itself to capitalize on opportunities in data center power and charging station sectors [4]. Group 4: Future Growth Potential - The company has obtained IATF16949 automotive certification, indicating that automotive power supplies could become a new growth point [5]. - The company is expanding its workforce in the high-power power supply sector and accelerating the development of key products such as 40KW air-cooled charging modules and 4000W power modules [5].

Group 1 - The company achieved a revenue of 6.611 billion yuan in 2024, representing a year-on-year growth of 1.36%, and a net profit attributable to shareholders of 1.141 billion yuan, up 6.18% year-on-year [1] - In the first quarter of 2025, the company reported a revenue of 1.536 billion yuan, which is a 13.19% increase year-on-year, and a net profit of 273 million yuan, reflecting a year-on-year growth of 22.42% [1] - The management actively addressed investor concerns regarding asset management, accounts receivable, market capitalization management, integrated water supply and drainage strategy, development of renewable resources, technological innovation, and digital intelligence construction during the investor communication session [1] Group 2 - In 2025, the company aims to become an internationally renowned environmental technology group, focusing on optimizing the environmental industry layout and enhancing the operational efficiency of existing assets [2] - The company will implement a strategy centered on "three basics, one stability, and one breakthrough," emphasizing foundational work, grassroots efforts, and skill development to promote stable development and innovative breakthroughs [2] - The company plans to strengthen core capabilities in technological innovation, digital intelligence, and capital operations, while promoting asset-light transformation and optimizing business structure [2]