1月15日，A股三大股指早盘小幅冲高后震荡走势，午后维持低位窄幅震荡走势收盘涨跌分化，其中沪 指跌0.33%报4112.6点，深成指涨0.41%报14306.73点，创业板指涨0.56%报3367.92点，科创50指数跌 0.46%报1493.95点；全市场成交额2.94万亿元，超3100股下跌。 盘面上，AI应用板块大回撤，智谱AI、Sora概念、Kimi概念及AIGC概念等方向领跌，天龙集团、博瑞 传播等多股跌停；商业航天、卫星互联网板块下挫，航天电子、中国卫通等多股跌停；AI制药、医药 商业板块走低，贝瑞基因、岩山科技等多股跌停；国资云概念、空间站概念及文化传媒等板块跌幅居 前。另外，电子化学品板块走高，上海新阳涨超16%；贵金属板块持续走强，四川黄金涨停；光刻机 （胶）板块活跃，东材科技等多股涨停；中芯概念、磷化工、电池及旅游酒店等板块涨幅居前。 热点板块 午后CPO概念震荡拉升，环旭电子涨停，罗博特科、源杰科技、中际旭创、联特科技、仕佳光子、新易 盛均涨超5%。 贵金属板块领涨，四川黄金涨停，赤峰黄金、湖南白银、招金黄金、山东黄金等跟涨。 消息面上，近日现货白银一度涨超7%，历史首次站上每盎司93美 ...

Core Insights - Watsons Group plans to open approximately 1,000 new stores this year and invest a total of HKD 3.8 billion in new store openings, store upgrades, enhancing retail technology, and supply chain improvements to further expand its global business network and strengthen its O+O platform [1] Group Performance - In the past year, the health product category recorded an 8% growth, with the European market achieving double-digit growth [1] - The beauty product category grew by 6%, with the Asian market also experiencing double-digit growth [1] O+O Platform Development - The company continues to invest in strengthening its O+O platform, with O+O sales showing double-digit growth, indicating a customer preference for cross-channel shopping [1] Membership Growth - During the year, the global membership base increased by 10 million, rising from 170 million to over 180 million [1]

人力资源社会保障部、财政部对外发布关于进一步做好企业年金工作的意见，增强企业年金制度的包容 性、灵活性和便捷性，持续推动扩大覆盖范围，让更多职工享有企业年金。根据意见，各类企业、社会 团体、基金会、民办非企业单位以及其他符合条件的用人单位及其职工，可按规定建立企业年金。建立 程序方面，用人单位已建立职工代表大会制度的，企业年金方案提交职工代表大会讨论通过；未建立职 工代表大会制度的，企业年金方案可以经全体职工讨论、公示等其他民主程序通过。缴费比例方面，用 人单位及其职工可以在缴费限额内灵活选择缴费比例或额度。经济负担能力有限的，可以先从低缴费比 例或额度起步，再逐步提高。建立方式方面，用人单位可建立企业年金单一计划，也可选择参加法人受 托机构发起的企业年金集合计划。推动探索依托集合计划推行简易程序，为中小微企业建立企业年金提 供便利。此外，意见提出选择部分具备条件的园区（工业园、产业园、改革试验区、经济技术开发区、 科技创业园等）开展扩大企业年金覆盖面试点，加快建设全国企业年金信息平台和 数据库等举措。 ...

德才股份2连板！德才股份14：38再度涨停，背后逻辑揭晓 据交易所数据显示，德才股份连续两个交易 日涨停，晋级2连板。该股今日于14时38分封涨停，成交额4.52亿元，换手率8.78%。金融界App AI线索 挖掘：公司业务聚焦城市更新领域，相关项目占比提升，战略转型成效显现；公司实施股份回购计划， 向市场传递积极信号；行业层面，国家城市更新战略及相关政策支持，推动 建筑装饰板块关注度提 升，多重因素共同作用下，该股近期表现活跃。 风险提示：连板股波动剧烈，注意追高风险，理性投 资！（注：以上由AI基于交易所等公开数据生成，内容不构成投资建议。） ...

日经225指数收盘下跌230.73点，跌幅0.42%，报54110.50点。 ...

Core Insights - The core point of the news is that Seres Group has significantly increased its procurement expenses to Huawei, which has become a major part of its revenue and has contributed to its rapid growth in the electric vehicle market [1][5]. Group 1: Procurement and Financials - In the first half of 2025, Seres paid Huawei 20 billion RMB for procurement, accounting for approximately one-third of its total revenue during that period [1]. - From 2022 to the first half of 2025, Seres' total procurement expenses to Huawei exceeded 75 billion RMB [1]. - The average payment to Huawei per vehicle sold is estimated at 136,000 RMB [1]. - Seres reported a gross margin increase from 8% in 2022 to 23.8% in 2024, reaching 26.5% in the first half of 2025, and 29.4% by the third quarter of 2025 [2]. Group 2: Partnership and Market Performance - Since the deep collaboration with Huawei began in 2021, Seres has entered a phase of rapid development, launching the "Wenjie" brand, which achieved the milestone of 1 million vehicles in just 46 months, the fastest among new forces in the industry [5]. - In 2025, Seres is projected to have cumulative sales of approximately 472,300 vehicles, representing a year-on-year growth of 10.63%, with over 420,000 units delivered under the Wenjie brand, leading the high-end electric vehicle market [5].

本文源自：金融界AI电报 台积电美股夜盘持续拉升现涨超4%，消息面上，公司预计2026年以美元计销售额增长近30%。 ...

Core Viewpoint - Brent crude oil futures prices experienced a significant decline during intraday trading after reaching the previously set resistance level of $66.00, indicating a necessary correction to digest prior gains and address the overbought condition reflected in the relative strength index (RSI) [1] Group 1 - The price correction is aimed at accumulating new bullish momentum, which may support a subsequent rebound and further price increases [1] - Prices remain above the EMA50 moving average, continuing to be driven by positive momentum, indicating that the primary upward trend remains dominant in the short term [1]

Core Viewpoint - The article discusses the release of guidelines by the China Meteorological Administration and six other departments aimed at enhancing the quality development of health-related meteorological services, particularly through the development of meteorological insurance products [1] Group 1: Meteorological Insurance Products - The guidelines emphasize the development of meteorological insurance products that incorporate various weather conditions affecting health, such as high temperatures, low temperatures, pollen allergies, influenza, and climate comfort [1] - There is a focus on creating risk models that assess the impact of different weather conditions on various populations' health [1] - The initiative includes the development of insurance indices for conditions like thunderstorm asthma and pollen allergies [1] Group 2: Innovative Insurance Services - The guidelines propose exploring wearable technology integration and real-time claims processing in insurance product service models [1] - There is an emphasis on innovative premium structures and immediate health management services to facilitate early prevention and quick compensation for minor health issues [1] - The initiative aims to incorporate meteorological warnings and health protection information into the services offered by health commercial insurance products [1]

又一家半导体概念股即将登陆A股市场！ 本次IPO，恒运昌募投项目预计使用募集资金14.69亿元。按本次发行价92.18元/股和1693.0559万股的新股发行数量计 算，若本次发行成功，预计该公司募集资金总额15.61亿元，扣除发行费用后，预计募集资金净额14.14亿元。 招股书显示，恒运昌是国内领先的半导体设备核心零部件供应商，主要从事等离子体射频电源系统、等离子体激发装 置、等离子体直流电源、各种配件的研发、生产、销售及技术服务，并引进真空获得和流体控制等相关的核心零部件， 围绕等离子体工艺提供核心零部件整体解决方案。 日前，深圳市恒运昌真空技术股份有限公司（以下简称为"恒运昌"）披露了发行公告，确定科创板上市发行价92.18元/ 股，发行市盈率48.39倍，而该公司所在行业最近一个月平均静态市盈率为39.84倍。1月16日，恒运昌将开启申购。 恒运昌保荐人（主承销商）为中信证券。网下询价期间，保荐人通过上交所业务管理系统平台（发行承销业务）共收到 301家网下投资者管理的8839个配售对象的初步询价报价信息，报价区间为74.01元/股-103.50元/股。 报价信息表显示，百年保险资产管理有限责任公司管 ...