2025.10.14 本文字数：2501，阅读时长大约4分钟 作者 |第一财经 齐琦 FOMO（Fear of Missing Out）"害怕错过"，不少年轻投资者用这个标签表达自己在当前黄金投资热潮的 矛盾心理。 "上周四金价回调1.6%，我终于咬牙加了仓，结果第二天又涨回来，现在又怕回调不敢多买。""95后"投 资者王浩（化名）的纠结颇具代表性。这种"一涨就怕踏空、一跌就怕被套"的心态，让许多人在"追涨 —犹豫—再追涨"的循环中消耗精力。 一位公募机构的投资人士指出："黄金的上行周期往往伴随剧烈波动，新手最容易在想赢怕输中错失主 升浪，或是因频繁操作摊高成本。" 在最近的一个交易周（10月6日~10月14日）里，国际金价只休息了一天，便再次发起进攻。 10月14日，国际黄金期货和现货价格再次齐创新高，分别盘中最高触及每盎司4190美元、4179美元。 "没想到休息两天是为了更大的冲刺。"投资者齐女士在盘后感叹，"原本以为会开启一轮回调，想等等 再补仓，结果一犹豫就高攀不起了。"她的感慨代表了不少市场参与者的心声。自9月以来，金价已累计 上涨超19%，而白银涨幅更是达到23%，成为本轮贵金属牛市的"急先锋" ...

本文字数：1003，阅读时长大约2分钟 作者 |第一财经 揭书宜 0:00 10月14日，第一财经记者来到苹果CEO蒂姆·库克（下称"库克"）昨日现身的上海THE MONSTERS十周 年巡展，了解了展览现场的相关情况。 今年是LABUBU诞生十周年，泡泡玛特为包括LABUBU在内的THE MONSTERS举办了为期一年的全球 巡回纪念展览，首站已登陆上海，此次巡展公开了迄今为止数量最多的龙家升手稿和最完整的THE MONSTERS历代公仔，现场引来大量粉丝驻足，并打卡拍照留念。 2025.10.14 2015年，龙家升以北欧神话为灵感，先后推出《神秘的布卡》、《柏度与少女》及《米罗安魂曲》等绘 本，构建THE MONSTERS精灵天团的系列形象。2019年4月，泡泡玛特携手龙家升推出首套潮玩产品 ——"THE MONSTERS森林音乐会系列"。凭借古灵精怪的形象与温暖治愈的风格，THE MONSTERS迅 速点燃了潮玩圈。2025年，LABUBU第三代搪胶毛绒挂件"前方高能"发售后在全球引起抢购热潮，带动 泡泡玛特APP首次登顶美国APP STORE购物榜第一名。 在很长的一段时间内，LABUBU的部分产品 ...

IMF预计，发达经济体今明两年增速均为1.6%，预计美国今明两年经济增速分别为2.0%和2.1%，较7月 预测值上调0.1个百分点。预计新兴市场和发展中经济体在今明两年的经济增速分别为4.2%和4.0%。维 持对中国今年经济增速4.8%的预测不变。（第一财经记者 葛唯尔） 10月14日，国际货币基金组织（IMF）在世行和IMF年会期间发布《世界经济展望报告》。报告称，鉴 于关税上涨的实际影响迄今小于预期，预计今年全球经济增速为3.2%，较7月预测值上调0.2个百分点， 2026年增速为3.1%，与前值持平。 ...

IBIW 2025上海国际生 2025 上海国际生物医药 产业周 INTERNATIONAL BIOPHARMA INDUSTRY WEEK SHANGHAI 2025 新東源 技术突破 创 新与 原始 7集锦 監管財能 政策动向与全球协同 ntonio Barra Torn 木迦歌 (esivu) 66 祝贺上海成功打造了这么一个 重要的平台,在"链动全球 赋能产业" 的主题下,产业周链接了科学、产业、 金融、政策。 99 蓝恭涛 国家药监局药品注册管理司 副司长 66 总体目前支持医药研发创新的 政策制度体系日趋完善,以"药品注 册管理办法"为核心形成的规范性文 件60多个,形成技术指导原则500多 个,鼓励创新的氛围日渐形成。 A 66 有很多英国和伦敦的机构在上 海生命医药领域都有投资,他们很喜 欢上海的生物医疗生态体系。生命医 药领域潜力无穷,我们也很期待和上 海企业加强合作。 99 ttps://www.blogs.com/program regger nonswill and subside provincial provincial provincial provincial provinci ...

Core Insights - The article highlights the 10th anniversary of LABUBU and the global exhibition "THE MONSTERS," showcasing a significant collection of artworks and figures, attracting a large number of fans [1][3] Group 1: Exhibition Details - The exhibition in Shanghai features the largest collection of LABUBU manuscripts and THE MONSTERS figures to date, drawing considerable public interest [1] - Visitors are required to make reservations a week in advance, with the earliest available entry on October 21 [3] - The exhibition includes approximately 2000 LABUBU figures and showcases nearly all LABUBU-related products launched since 2015, including rare hidden editions [3] Group 2: Product and Market Performance - LABUBU products have experienced high premiums, yet demand has led to challenges in availability, prompting the company to expand production capacity [5] - As of August 20, the monthly production capacity for plush toys has increased to over ten times that of the previous year, reaching around 30 million units [5] - In the first half of the year, the popularity of LABUBU and other IPs significantly boosted the company's performance, with revenue reaching 13.88 billion yuan, a year-on-year increase of 204.4%, and adjusted net profit of 4.71 billion yuan, up 362.8% [5] - The revenue from THE MONSTERS, including LABUBU, amounted to 4.81 billion yuan, accounting for 34.7% of total revenue, while the plush category generated 6.14 billion yuan, surpassing the figure for figurines for the first time [5]

不过詹军豪也表示，麻六记线上渠道承压显著——销售同比下滑严重，特别是代工模式下频现品控问 题，叠加流量明星效应减弱，导致增长动能疲软。当前呈现"线下基本盘抗压、线上生态恶化"的割裂态 势，若无法重构电商供应链体系与直播矩阵，中长期或陷入加盟商信心流失与消费者信任危机的双重困 境。 麻六记和前运营人员之间的矛盾由来已久。2023年3月，麻六记被曝20多人的直播运营团队集体出走； 孟贺称张兰拖欠其工资近90万元。随后，麻六记回应声明进行回击，称已经支付直播团队超过千万元的 佣金。 2024年10月，据媒体报道，北京仲裁委员会判决书显示，由汪小菲创办的麻六记的运营主体（即被申请 人北京食通达科技发展有限公司）支付申请人孟贺及孟贺的北京呱呱香文化传媒有限公司佣金 10133239.92元，同时支付违约金共计60万余元。除去一些其他费用开支及违约责任，实际麻六记赔付 760万余元。 危机公关专家、福州公孙策公关合伙人詹军豪接受第一财经记者采访时表示，孟贺拒道歉但履行1.5万 元赔偿，此事对麻六记影响有限。当下麻六记发展态势总体良好，不仅在国内市场持续扩张，加盟店与 直营店数量、收入稳步增长，复购率高。同时，品牌积极推进 ...

Core Viewpoint - In the third quarter of 2025, Invec (002837.SZ) reported strong revenue growth driven by increased demand for liquid cooling solutions, particularly in the context of AI infrastructure investments, despite a sequential decline in quarterly performance [1][2]. Financial Performance - For the third quarter, Invec achieved revenue of 14.53 billion yuan, a year-on-year increase of 25.34%, but a quarter-on-quarter decrease of 11.44% [2] - The net profit for the same period was 1.83 billion yuan, with growth rates below 10% for both year-on-year and quarter-on-quarter comparisons [2] - The company’s gross margin improved by 3.4 percentage points to 29.4%, attributed to changes in product and regional mix [2] Market Dynamics - The liquid cooling server index has risen over 47% this year, reaching historical highs, with Invec's stock price surging 169% in the third quarter, peaking at 89.99 yuan [1] - Despite the stock price increase, the net sell-off by the Shanghai-Hong Kong Stock Connect in the third quarter amounted to 45.2 million shares, reducing the holding ratio from 8.49% to 3.79% [1] Future Outlook - Analysts expect Invec's full-year revenue to exceed 60 billion yuan, representing a year-on-year growth of 30%, with net profit projections ranging from 6 billion to 9 billion yuan [3] - The company is positioned to benefit from the rapid expansion of the liquid cooling market driven by high demand in data centers and computing power investments [3][4] Industry Trends - The complexity and importance of liquid cooling technology are expected to increase, evolving from a simple alternative to air cooling into a comprehensive solution involving multiple stakeholders [4] - The growth in contract liabilities and inventory indicates future revenue potential, although inventory levels did not increase as anticipated, suggesting a delay in order conversion [3] Adjustments in Forecasts - Open Source Securities has revised its profit forecast for Invec, lowering the expected net profit for 2025 from 6.51 billion yuan to 6.03 billion yuan, while increasing the 2026 forecast to 11.1 billion yuan [5]

Core Viewpoint - The company expects a significant increase in net profit for the first three quarters of 2025, projecting a range of 180 million to 205 million yuan, representing a year-on-year increase of 2807.87% to 3211.74% [1] Financial Performance - The projected net profit for the first three quarters of 2025 is between 180 million and 205 million yuan [1] - This represents a substantial year-on-year growth of 2807.87% to 3211.74% [1] Reasons for Performance Change - The main driver for the performance change is the significant increase in the market price of the company's main product, acetamiprid [1] - The introduction of the new product series, pyrazole quinozole, has contributed to sales growth this year [1] - The company has implemented operational reforms and a profit distribution plan to enhance productivity and control costs, leading to improved operational efficiency [1]

蚂蚁财富平台也提醒，当前金价高位波动，投资者应根据风险承受能力购买黄金，同时注意分散配置， 避免单一重仓黄金，建议通过定投等方式换取黄金的长期回报价值。（第一财经记者 齐琦） 10月14日盘中，工商银行积存金在蚂蚁财富平台上曾短暂出现"不可开户"的情况，随后已完全恢复正 常。 据蚂蚁财富相关负责人回应第一财经记者，伴随国际金价突破4120美元/盎司创下新高，投资者购金热 情高涨，10月14日，超百万人上支付宝访问"积存金"页面。 ...

Core Insights - The "25 Sustainable Development Chain Leader Alliance" project is initiated by Fudan University School of Management in collaboration with the UN Global Compact and the First Financial Sustainable Development Research Center, aiming to establish a benchmark platform for sustainable supply chain management [2][9] - An event titled "Dialogue with Change Makers: Chain Movement for the Future - Practicing the Ten Principles of the UN Global Compact" will be held on October 18, focusing on sustainable supply chain best practices [2][3] - The forum will cover topics such as carbon neutrality practices driven by leading enterprises and building resilient supply chains for the future, featuring real case studies and forward-thinking insights from experts and business leaders [2][3] Event Details - The event will take place at Fudan University School of Management, Zhenglian Campus, Shanghai, on October 18, 2025, from 13:30 to 17:00 [4] - The agenda includes welcome speeches, keynote presentations, the launch of the "Sustainable Supply Chain Joint Action Initiative," and a roundtable discussion [6] Participants - Notable speakers include representatives from the UN, various companies, and Fudan University, highlighting a diverse range of expertise in sustainable development and supply chain management [5][7] - The initiative invites leading supply chain enterprises to incorporate the UN Global Compact's ten principles into their management guidelines, promoting collaborative implementation across supply chain partners [2][9] Strategic Goals - The alliance aims to gather enterprises from various industries to explore practical paths and management experiences for sustainable supply chain development [9] - The initiative focuses on enhancing resilience and competitiveness through capacity building, policy insights, and resource connections for enterprises and their suppliers [9][10]