Group 1 - The core viewpoint of Huajin Securities is that the current market is transitioning from being driven by traditional economic cycles to being influenced by multiple factors such as industrial trends, institutional reforms, and changes in the global competitive landscape [1] - The company anticipates that in the first quarter of 2026, there will be a focus on major asset allocation, actively seizing investment opportunities in financial and commodity futures markets [1] - Huajin Securities emphasizes a balanced approach between growth and value styles, with structural opportunities primarily concentrated in technology sectors, undervalued value segments, and industries benefiting from domestic demand recovery [1] Group 2 - The asset management team of Huajin Securities plans to maintain a prudent investment philosophy, leveraging professional management capabilities to create core product series that act as a "stabilizer" in client asset allocation [1] - The company aims to provide high-quality investment research services and asset allocation solutions, focusing on customer core needs to enhance its distinctive wealth management brand [2] - Huajin Securities introduced its upgraded wealth management system and asset allocation services, including features like premium accounts, smart conditional orders, and enhanced T0 quantitative trading tools [1]

Group 1 - The Ministry of Industry and Information Technology has announced the dynamic evaluation results for industrial internet platforms, with Kaos ranking first and maintaining the highest "A" rating for seven consecutive years, recognized for its technological innovation, application results, and industry influence [1] - Kaos COSMOPlat is a benchmark in China's industrial internet sector, driving the deep integration of the digital economy and the real economy through large-scale personalized customization and AI+ industrial internet innovations [1] - The platform has established a national key laboratory for large-scale personalized customization and has been approved to build a national-level industrial brain and an industrial operating system project, supporting the development of new productive forces [1] Group 2 - The Tianzhi Industrial Model, as the first domain-specific large model based on industrial internet, integrates vast data and over 200 expert algorithms, creating multiple industry-specific models in sectors like petrochemicals and home appliances, impacting 40+ scenarios across 9 industries [2] - In the petrochemical sector, the Tianzhi model has developed 38 intelligent entities, leading to a 10% reduction in labor and energy costs for enterprises [2] - The platform has also created a carbon-neutral model from sustainable lighthouse factory practices, enabling sustainable development through expert models for energy microgrid scheduling [2] Group 3 - Kaos COSMOPlat has empowered various industries, including home appliances and automotive, by co-building 16 global lighthouse factories, with a brand value of 116.335 billion yuan [3] - The platform has pioneered an industrial internet city empowerment model, which has been implemented in several cities, providing comprehensive digital management support for businesses and aiding government digital services [3] - In the international standards arena, the platform has led and participated in the formulation of 17 international standards and 102 national and industry standards, ranking first in the industry [3] Group 4 - As a representative of high development levels in China's industrial internet platforms, Kaos COSMOPlat is tasked with the strategic roles of technology pioneer, resource integrator, and practical explorer, focusing on scenario-based applications and industry depth [4] - The company aims to facilitate the transition of manufacturing enterprises from technology application to model innovation, contributing to high-quality and sustainable economic development [4]

Core Insights - Quantum computing measurement and control systems are a critical component of quantum computers, acting as the "nerve center" that determines the performance and effective output of quantum chips [1][2] - The global quantum computing industry is advancing towards a thousand-bit scale, placing unprecedented demands on the integration, scalability, stability, and automation of measurement and control systems [1] - China has made significant strides in this field, achieving a key leap from breaking monopolies to leading in engineering, with the "Benyuan Tianji 4.0" system supporting over 500 quantum bits [2] Industry Developments - The measurement and control system is essential for signal generation, acquisition, and control in quantum chips, with its precision and stability directly impacting chip performance [1] - The U.S. has classified quantum measurement and control systems as a key emerging technology, while companies like Zurich Instruments and NVIDIA are exploring hybrid computing architectures [1] - China's "Benyuan Tianji" series has demonstrated scalable production capabilities, supporting various quantum computing tasks for over 37 million users across 163 countries [2] Challenges and Opportunities - Despite advancements, China faces challenges in high-precision control technology and the absence of industry standards, indicating significant potential for technological progress and investment [2] - Experts suggest a focus on "top-down design and integrated soft-hard breakthroughs" to enhance control technology and establish modular, open architecture standards [2] - Continuous innovation in measurement and control systems is expected to drive the overall computational power of quantum computers and attract long-term capital to core technology breakthroughs and ecosystem standardization [2]

1月13日，生态环境部副部长李高在国务院新闻办例行新闻发布会上介绍《固体废物综合治理行动计 划》时表示，我国正组织实施为期三年的非法倾倒处置固体废物专项整治行动，截至2025年底已取得积 极进展，下一步将从技术赋能、执法震慑、责任压实三方面发力，深化整治成效，织密织牢固体废物监 管网络。 首先，持续用好卫星遥感和无人机巡查等先进技术手段，同时持续强化群众举报、媒体曝光等监督作 用，推动排查整治工作走深走实。针对媒体反映喀斯特地貌地区仍然存在向溶洞非法倾倒处置垃圾等固 体废物问题，生态环境部将会同有关部门组织开展专项调查，通过全面调查"拉单子"、逐一排查"过筛 子"等方式，进一步深化溶洞垃圾等固体废物污染问题排查整治，并推动建立长效管控机制。 其次，严厉打击非法倾倒处置行为，严格执行相关法律法规，加强固体废物从产生到处置各环节环境执 法监管，对主观恶意明显、环境危害严重的违法行为依法查处，对典型案件实施挂牌督办，强化行政执 法与刑事司法衔接，形成高压震慑。 李高指出，我国人口和产业规模庞大，每年产生的工业固体废物、建筑垃圾、生活垃圾等各类固体废物 超110亿吨。与大气污染、水污染的区域性、流域性特征不同，固体废 ...

Core Viewpoint - Chao Hong Ji (潮宏基) expects a significant increase in net profit for the year 2025, projecting a growth of 125% to 175% compared to the previous year, driven by enhanced product and brand strength, as well as refined operational strategies [1] Financial Performance - The company forecasts a net profit attributable to shareholders of between 436 million yuan and 533 million yuan for 2025, compared to 194 million yuan in the previous year [1] - The net profit after deducting non-recurring gains and losses is expected to be between 421 million yuan and 515 million yuan, also reflecting a growth of 125% to 175% year-on-year [1] - Basic earnings per share are projected to be between 0.49 yuan and 0.60 yuan, up from 0.22 yuan in the same period last year [1] Strategic Initiatives - The company aims to enhance its product and service offerings while focusing on its core strategy of "focusing on the main brand, extending 1+N, all-channel marketing, and internationalization" [1] - Chao Hong Ji is committed to optimizing its operations through refined management and digital empowerment to boost brand competitiveness [1] - The company is actively promoting the integration of online and offline channels and accelerating its international expansion to improve the efficiency of individual store operations [1] Store Expansion - By the end of 2025, Chao Hong Ji plans to have a total of 1,668 jewelry stores, with a net increase of 163 stores within the year [1]

中证报中证网讯(王珞)德昌股份（605555）1月12日发布2025年度业绩预告称，公司预计2025年度实现 归属于母公司所有者的净利润1.60亿元到2.00亿元，对应同比降幅为61%到51%；预计2025年度实现归 属于母公司所有者的扣除非经常性损益的净利润为1.45亿元到1.85亿元，同比减少63%到53%。 ...

据赛事组委会负责人介绍，本次深圳平安金融中心垂直马拉松赛事，参与人数规模全面升级，阵容更加 强大，创下该运动参赛规模纪录。参赛专业选手包括15个国家地区的国际选手。同时，大众组中还有来 自大湾区高校、深圳消防，来自中国平安（601318）、华为、大疆、字节跳动等多家深圳知名企业大厂 的65家跑团集结，及特邀精英跑者参加，充分彰显了该赛事的广泛社会参与度与多元融合力，展现了深 圳"全民健身"的浓厚氛围。 中证报中证网讯（记者 齐金钊）日前，"2026国际垂直马拉松"在粤港澳大湾区第一高楼深圳平安金融 中心举行。作为一项具有国际影响力的粤港澳大湾区独立品牌赛事，该项比赛迄今已经举办七届。其专 业赛事的组织水平、参赛人数规模、国际化程度，获得世界高塔竞速协会（TWA）与亚太地区垂直马 拉松协会（AVA）双重认证和授权，被认证为高级别积分赛，体现了国际体育界对深圳赛事标准与城市 资格的认可。 据悉，2026年度该赛事以"新年向上跑，马上出发"为主题，选手们垂直竞速挑战高达599米的深圳平安 金融中心大厦。亚太地区垂直马拉松协会（AVA）主席陶云峰表示，垂直马拉松以城市高楼为赛道，既 为都市人提供便捷运动方式，也象征不 ...

此外，王建瑜计划自2026年1月13日起6个月内，通过大宗交易方式继续增持公司股份，拟增持金额不低 于1200万元人民币(含交易费用)。增持资金为其自有资金，增持计划实施期间将遵守相关监管规定。 中证报中证网讯(王珞)1月12日，凯普生物（300639）发布公告称，公司实际控制人之一、董事、总经 理王建瑜于2026年1月9日通过大宗交易方式首次增持公司股份400万股，增持均价为4.53元/股，合计增 持金额1812万元(不含交易费用)。本次增持基于对公司内在价值的认可和未来持续发展的坚定信心。 公告显示，增持前，王建瑜持有公司股份1094万股，占公司总股本的1.69%；增持后，其持股数量增至 1494万股，持股比例升至2.31%。王建瑜及其一致行动人合计持股比例由32.14%增至32.76%。 ...

Group 1 - The core viewpoint of the articles highlights the strong performance of the A-share technology sector, particularly stocks related to the "Tap to Pay" feature of Alipay, which has seen daily payment transactions exceed 100 million [1][2] - The NFC (Near Field Communication) industry chain is experiencing increased attention and trading volume, with significant stock price increases for companies like Lens Technology, which rose by 10.26% with a trading volume exceeding 12 billion yuan, and Fudan Microelectronics, which increased by 9.84% with a trading volume of 2.48 billion yuan [1] - The rapid adoption of Alipay's "Tap to Pay" feature is activating the potential of existing NFC functionalities in smartphones, leading to increased order expectations for upstream components such as chips and materials [1] Group 2 - The simplification of operations through the "Tap to Pay" feature is lowering user barriers and pushing NFC from low-frequency applications to high-frequency payment scenarios, creating new growth opportunities for the industry [1][2] - Analysts note that the expansion of application scenarios for NFC technology, from payments to social interactions, is significantly enlarging the market space, potentially by several multiples [2] - There is a cautionary note from some institutional investors regarding short-term speculative risks, emphasizing the importance of focusing on companies' technological strengths and long-term value rather than merely following trends [2]

Core Viewpoint - The new public fund fee regulation, effective from 2026, signifies a shift towards high-quality development in the asset management industry, focusing on customer value rather than sales [1][2] Group 1: Regulatory Changes and Industry Impact - The China Securities Regulatory Commission has revised the sales fee management regulations for publicly offered securities investment funds, marking a systematic overhaul of the fee structure in the fund industry [2] - The fee reduction is seen as a starting point for enhancing buyer services, emphasizing the importance of customer value over traditional revenue models [2][3] Group 2: Company Strategy and Service Enhancement - The company aims to deepen customer engagement through improved service quality and long-term trust, countering the impact of fee reductions on revenue [2][3] - The introduction of professional advisory services is viewed as the future direction for the fund distribution industry, necessitating a shift from traditional sales methods to a more integrated approach combining research and service [2][3] Group 3: Technology and Customer Experience - The company has integrated customer experience metrics into its performance evaluation, focusing on investment satisfaction rather than sales targets [3] - Over 90% of the company's investment clients have achieved positive returns in the past two years, with an average return of over 13% for non-monetary public fund clients in 2025 [3] - The use of technology, particularly through a "goal-based allocation method," has been pivotal in guiding investors towards long-term objectives, serving nearly 700,000 users with an average reinvestment rate exceeding 60% [3][4] Group 4: Future Directions and Goals - The company has set clear development goals for the 14th Five-Year Plan, focusing on completing the transformation to buyer services and enhancing brand value in the industry [5][6] - Three core areas of focus include strengthening advisory capabilities, enhancing technological support through automation and AI, and integrating resources for comprehensive wealth and lifestyle solutions [6] - The upcoming fee reform is anticipated to prioritize investor interests, presenting both a clear direction and greater responsibility for the company [6]