Core Insights - The Shenzhen Stock Exchange (SZSE) aims to focus on risk prevention, strong regulation, and high-quality development during the "14th Five-Year Plan" period, with a commitment to building a world-class exchange supported by digital and intelligent infrastructure [1][2] Group 1: Strategic Focus Areas - The SZSE plans to develop intelligent computing infrastructure, emphasizing diverse computing power, model platforms, and securities data to enhance intelligent service capabilities and promote the large-scale implementation and value realization of intelligent technologies [1] - The exchange will implement a comprehensive "cloud application" strategy, enhancing user experience and resource utilization efficiency through a governance approach that evolves alongside cloud adoption [1] - There will be a deep integration of "AI+" in core business areas, including the establishment of an intelligent regulatory system covering risk monitoring, trading risks, and company oversight, as well as improving service quality for investors and listed companies through intelligent tools [1] - The SZSE aims to establish a robust "AI+" application architecture, following a development path that focuses on solidifying foundations, strengthening middle platforms, and optimizing applications to empower core business scenarios accurately [1] Group 2: Innovation and Governance - The exchange will enhance intelligent innovation research and development, creating a pilot platform for industry-specific intelligent applications to improve the efficiency of model application development [2] - There will be a focus on tackling significant technological challenges that are critical, foundational, and demonstrative for the industry, aiming for breakthroughs in intelligent application capabilities [2] - The governance of "AI+" will be strengthened, with an emphasis on organizational, data, and security governance to ensure high-quality development of digital and intelligent applications in the industry [2]

Group 1 - Sohu is transitioning from a traditional internet media platform to a social platform, focusing on "attention flow" where users can share, follow, and consume content, enhancing social interactions through video [1] - The dairy industry in China is shifting from quantity to quality, with a growing demand for precise, professional, and functional nutritional products, leading to a focus on deep processing as a key for industry upgrade [1] Group 2 - In the face of a downward cycle in the liquor industry, companies must innovate by creating competitive "super products" supported by "super channels, super communication, and super experiences" to achieve growth [2] - The long-term bullish trend for gold remains intact, but a short-term adjustment is expected due to rapid price increases, with recommendations for asset allocation in gold ranging from 5% to 30% [2] - The core logic for gold's price increase in 2025 remains unchanged, with expectations for further increases in gold allocation by global central banks and investors in 2026, despite current high valuations potentially leading to increased price volatility [2]

据永赢基金披露的季报数据显示,截至2025年9月30日,近一年为持有人实现盈利383.15亿元,展现出较强的 持续盈利能力和产品韧性。亮眼数据的背后,是永赢基金坚持的"投资者利益至上"核心价值观与"长期主 义"企业文化的深厚积淀。 永赢基金与行业同频共振,推动公司高质量可持续发展迈向新高度。秉持"向下扎根、向内思考、向外探 寻"的理念,以投资者获得感为核心追求,在投研文化、产品布局、标准化管理等多维度升级迭代。 产品布局方面,永赢基金坚持广泛观察、深度分析客户需求,结合各类可投标的风格属性,提供多元化、综 合性的产品方案,并根据不同投资者定位,进行科学划分,力争实现投资能力与客户需求的高效匹配。多年 来,打造了丰富多元的产品线,全面覆盖不同类型、主题与风格,力争让每位客户都能寻找到匹配自己投资 目标的产品。 以上数据均截至2025/9/30。近1年利润数据来源:基金各季度报告,取所有产品24Q4/25Q1/25Q2/25Q3季报 披露的利润总和,单只产品利润为各份额合计。主动权益系列包含永赢基金旗下产品分类为偏股混合 型、灵活配置型、普通股票型的产品,近1年具体利润为231.04亿元。指数系列包含永赢基金旗下 ...

而资本市场的助力，更为问界M9的长远发展增添了坚实底气。随着赛力斯成功登陆港股，公司实现 了"A+H"双资本平台布局，战略进一步清晰：将港股募集资金的30%专用于新车型研发，持续丰富高端 产品矩阵；同时，问界M9已开启海外拓展元年，港股上市将为国际化进程注入强劲动力。未来，公司 将聚焦东盟与中东等核心市场，凭借成熟的技术积累与渠道布局，推动问界M9等核心产品的海外扩 张，提升全球市场竞争力。 作为赛力斯（601127）与华为联合打造的科技旗舰，问界M9自启动大规模交付以来，累计交付已突破 26万台，持续稳居50万级豪华车市场销冠。今年3月，问界M9 2025款焕新上市，携十大亮点重构豪华 标准，为用户带来了全方位的极致出行体验。国海证券在研报中指出，问界精准锚定高净值客户人群， 通过问界M9等高端车型成功实现品牌向上突围。 凭借产品力、品牌力与资本市场的三重驱动，问界将持续巩固在高端新能源汽车市场的领跑地位，助力 中国汽车品牌加速实现全球高端市场的突破。 竞争日趋白热的2025年豪华车市场迎来年度收官阶段，问界M9再次创下50万级车型交付新纪录，不仅 标志着问界持续引领高端市场格局，更引发资本市场高度关注。今 ...

转自：中国证券报·中证网 中证报中证网讯（记者 万宇）近日，工业和信息化部公示2025年度智能工厂梯度培育项目名单。格力 电器（珠海金湾）有限公司（简称"格力金湾智能制造工厂"）凭借"全价值链格力协同屋空调智能工 厂"项目，成功入选最高层级的"领航级"智能工厂培育名单，也是广东省唯一入选该名单的企业。 格力金湾智能制造工厂创新推出工业互联网背景下的"格力协同屋"智能制造协同模式。该模式以"一主 多核、多级网状"为核心架构，依托工业互联平台、数据中台与AI算法技术底座，横向贯通从需求侧到 供给侧的信息流，纵向打通从作业计划到执行层的数据流，实现了从消费者需求洞察到产品全生命周期 交付的端到端数据驱动与动态优化，显著提升了全价值链运行效率。为家电、电子、汽车等行业的智能 化转型提供了可复制、可推广的范式。 在具体的生产环节中，生产计划通过高级计划与排程系统，将排程精确到每一台机台，订单可直接下达 到作业现场。这意味着，工厂能够像"智能大脑"一样，自动、精准地指挥生产。总装集成智造车间内， 480米长的外机生产线，103个工序中86个已实现自动化，传统需70多人的产线现仅需约20人。关键工序 如氦检、焊接、抽空灌注 ...

Core Viewpoint - The collaboration between Ark Health and Tencent Health marks a new development phase in the domestic chronic disease management sector, providing comprehensive support for technological validation, scenario implementation, and large-scale deployment in the industry [1][5]. Group 1: AI and Chronic Disease Management - The "AI + Chronic Disease Management" solution is based on Ark Health's effective practices in the field, demonstrating significant value through substantial business data, with a 2.4 times increase in AI function experience user volume in October [1][2]. - The AI technology effectively addresses user pain points, such as the common difficulty patients face in understanding medical reports, leading to increased user engagement and trust in the AI functionalities [2][3]. Group 2: Technical Foundation and Security Measures - The solution is built on a solid technical foundation, utilizing Tencent Health's TI platform to create a large model base, enabling efficient fine-tuning and continuous optimization of models [3][4]. - Ark Health has implemented multiple security measures to ensure reliable application in the sensitive medical field, including knowledge base optimization and compliance upgrades to mitigate risks associated with large models [2][3]. Group 3: Industry Collaboration and Policy Response - The partnership aims to integrate Ark Health's AI capabilities with Tencent Health's comprehensive service capabilities, facilitating safe, efficient, and compliant digital upgrades for industry partners [3][5]. - This collaboration aligns with recent policy initiatives from the National Health Commission and other departments to promote and regulate the application of AI in healthcare, positioning AI medical solutions as a vital component of public health infrastructure [5]. Group 4: Future Outlook - Ark Health plans to continue driving technological innovation and deepen collaborations with Tencent Health and other industry partners, aiming to enhance chronic disease management services towards greater efficiency, precision, and accessibility [5].

Core Viewpoint - The establishment of the ISO 5773:2023 standard for the detection of flax fiber composition addresses the long-standing issue of inconsistent testing standards in the industry, enhancing quality control and trade efficiency in the flax fiber market [1][2]. Group 1: Project Recognition and Impact - The project led by Donghua University and involving Huasheng Co., Ltd. won the "Second Prize for Scientific and Technological Progress" from the China National Textile Industry Association [1]. - The ISO 5773:2023 standard is the first ISO international standard in the natural cellulose fiber sector established by China in the past decade, filling a gap in the detection methods for flax fiber composition [1]. Group 2: Industry Challenges and Solutions - China imports approximately 200,000 tons of flax raw materials annually, accounting for over two-thirds of the global supply, but has faced challenges in quality control and trade due to the lack of unified testing standards [2]. - The newly awarded detection method provides precise testing techniques for quantitative analysis of various components in flax fiber, facilitating quality control throughout the spinning process and regulating international trade [2]. Group 3: Company Strategy and Innovations - Huasheng Co., Ltd. aims to leverage its unique advantages in ramie raw materials to focus on high-end ramie fabric development, marking a new starting point for industrial upgrades [2]. - The company has participated in revising over 20 industry standards related to flax and ramie, establishing a solid technical foundation [3]. - Huasheng Co., Ltd. plans to continue its focus on high-end ramie textile research and deepen collaborations with clothing brands to enhance the influence of domestic fabrics in the high-end market [3].

公司治理方面，泰恩康构建了完善的现代企业治理结构，管理层坚守长期主义，股份解禁后无减持计 划，以实际行动彰显发展信心。同时，公司搭建全球化医药创新共享平台，通过内生增长与外延合作并 举，聚合外部研发力量，加速first-in-class创新药研发，CKBA软膏等项目进展顺利，展现了创新活力。 未来，泰恩康将以此次获奖为契机，持续深化ESG融入企业发展战略，在坚守医药企业社会责任、保障 产品质量安全的同时，加大创新药布局力度，完善研发梯队建设，以更优质的医药健康产品服务社会， 在可持续发展道路上稳步前行，为社会创造更大价值。 中证报中证网讯（ 王珞）11月26日，由中国证券报、中国国新主办，国新证券承办的2025金牛企业可 持续发展论坛暨第三届国新杯·ESG金牛奖颁奖典礼在苏州举行。泰恩康（301263）凭借在ESG领域的 卓越实践与快速成长，成功斩获"ESG新锐金牛奖二十强"殊荣。 作为聚焦医药健康领域的创新型企业，泰恩康的ESG实践始终紧扣行业特性，以"创新+责任"双轮驱动 发展。在环境维度，公司优化生产流程，推行绿色制造理念，从原材料采购到废弃物处理全链条把控环 保标准，助力医药行业低碳转型。社会价值层面 ...

海博思创表示，未来公司将立足自身产业优势，助力青海西宁打造全国重要新型储能产业基地，推动储 能产业规模化、集群化发展，为青海省产业"四地"建设、国家清洁能源产业高地打造提供坚实支撑。 未来，公司规划将在西宁南川工业园区落子新的智能制造基地，秉持绿色与智能发展理念，将把基地全 力打造成绿色工厂、零碳工厂与数智化工厂，力求实现全流程零碳运营。 同时，海博思创将以西宁开发区为核心辐射青海全省，推进规模化储能电站建设，并计划在"十五五"期 间，在青海省推动一批独立储能项目落地，助力青海省清洁能源示范省建设，参与"源网荷储"一体化新 型电力系统构建，推动清洁能源消纳与电网调峰，及绿电资源高效利用，全力支持青海省能源结构转型 战略部署。 中证报中证网讯(王珞)近日，海博思创与青海省西宁经济技术开发区(以下简称"西宁开发区")签约大型 储能产业项目，推动规模化储能产业长期合作落地西宁。 据悉，此次签约项目涵盖储能系统集成生产与储能电站建设两大核心板块，作为公司西北区域市场战略 的重要举措，将为公司未来的产能提升、业务布局及绿色产业链进一步完善奠定坚实基础。 ...

据了解，本次大会以"中流击水"为主题，聚焦当下一级市场正在经历的深度变化。大会汇聚了荀玉根， 太盟中国董事长邱中伟，前海方舟董事长靳海涛，上海国投副总裁许业荣，阳光电源（300274）产业投 资总裁、阳电资本董事长解小勇，工银资本董事长陆胜东等多位行业嘉宾。 中证报中证网讯(记者王辉)11月27日，投中信息和投中网主办的第19届中国投资年会.有限合伙人峰会在 上海举行。国信证券首席经济学家、研究所所长荀玉根在本次大会上发表主题演讲时表示，智能制造的 发展潜力和高ROE行业的成长，有望提高未来中国股市的回报中枢。 结合历史经验，荀玉根判断，当前市场处于长期上行趋势的中期，基本面逐步改善，科技类行业仍 有"扩散空间"，而智能制造的发展潜力和高ROE(净资产收益率)行业的成长，有望提高未来中国股市的 回报中枢，为资本市场和经济长期发展奠定基础。 荀玉根在"希望的田野——中国经济和资本市场展望"的主题演讲中，对中国经济和资本市场进行了深入 分析。荀玉根表示，当前中国经济正处于新旧动能转换期，面临内需不足等挑战，但政策持续宽松推动 股市回暖，为消费和投资信心提供支撑。展望2026年，宏观政策、外部环境和科技创新将形成多 ...