欢聚集团三季度财报显示，公司整体广告收入同比增长29.2%，核心广告平台BIGO Ads收入达1.04亿美 元，同比增长33.1%，环比增长19.7%，连续三个季度实现同比加速增长，其中第三方广告收入环比增 长25%，增速远超同行。欢聚集团管理层明确表示，2025年全年营收正增长路径已清晰显现， BIGO Ads 作为核心广告业务，预期2026年将继续保持强劲双位数增长。在AI驱动下的广告业务呈现高成长性 及未来业务指引超出市场预期，成为本轮机构上调目标价的核心支撑。 近期，多家投行根据欢聚集团(JOYY.US)2025年第三季度财报，更新对这家科技互联网公司的最新目标 价。基于欢聚集团(JOYY.US)强劲增长的广告业务及超市场预期的业务指引，中信建投将目标价从70美 元上调至86美元；德意志银行将目标价从60美元大幅上调至85美元；里昂将目标价从58美元大幅上调至 80美元；华泰证券将目标价从71.9美元提升至84.2美元；花旗银行将目标价从59美元上调至70美元；中 银国际将目标价从63美元上调至74美元；中金公司将目标价从64美元上调至79美元；广发证券将目标价 上调至78.44美元。 ...

作为11月份的"明星股"，*ST东易的重整进展引发市场广泛关注。 2025年11月19日，东易日盛家居装饰集团股份有限公司公告称，收到北京市第一中级人民法院的《民事 裁定书》，法院正式受理债权人对公司的重整申请，取得本年度第十三张重整"路条"。 根据法律程序，债权人需在2025年12月19日前向管理人申报债权，第一次债权人会议定于12月21日召 开。市场分析指出，若重整计划能在年内顺利执行完毕，东易日盛将有望彻底化解退市风险，从根本上 摆脱债务困境。 行业龙头陷困境，预重整谋"出路" 东易日盛创立于1996年，是中国家装产业化的早期推动者与领军企业。2014年作为"家装行业第一股"于 深交所上市，一度风光无限。然而，随着房地产市场进入深度调整期，叠加疫情的冲击，东易日盛的经 营状况迅速转差。财务数据显示，2022年至2024年，公司累计净亏损超过15亿元。 东易日盛的困境，是传统家装企业在存量市场时代转型阵痛的缩影。 为化解危机，东易日盛自2024年10月18日启动预重整程序。2025年3月，产业投资人北京华著科技有限 公司宣布参与，承诺出资3.45亿元收购公司150,000,000股转增股份，占转增后总股本 ...

Core Insights - Perfect World has been awarded the "Best Sustainable Development Award" and "Best Social Responsibility Award" at the "2025 Employer Brand Creative Competition" for its outstanding performance in the ESG field [1][5]. Group 1: Corporate Social Responsibility - Perfect World actively fulfills its social responsibilities and integrates sustainable development concepts into every aspect of its business [4]. - The company focuses on providing high-quality products while enhancing its market competitiveness through a refined global distribution system [4]. - In the first three quarters of 2025, Perfect World achieved a revenue of 5.417 billion yuan, a year-on-year increase of 33%, and a net profit of 666 million yuan, turning a profit compared to the same period last year [4]. Group 2: Technological Innovation - Technological innovation is the core driving force behind Perfect World's development, with a commitment to independent research and development [6]. - The company explores the application of cutting-edge technologies like AI in its products, such as the online game "Zhu Xian World," which incorporates advanced AI technologies [6]. - Perfect World integrates cultural elements with technology, creating new business models that promote the deep integration of digital culture with traditional heritage and tourism [6]. Group 3: Organizational Environment and Governance - Perfect World emphasizes a healthy and orderly organizational environment, continuously improving management and business processes [7]. - The company adheres to a business ethics framework and compliance principles, enhancing risk management and internal control capabilities [7]. - By establishing comprehensive compliance systems, Perfect World fosters a fair competition atmosphere and promotes a culture of integrity [7]. Group 4: Commitment to Sustainability - As a member of the "Global Sustainable Consumption Initiative," Perfect World recognizes its responsibilities and has published a guiding document on sustainable consumption in the digital culture sector [8]. - The company engages in various social and environmental initiatives, including educational programs and low-carbon activities to promote green living [8]. - Perfect World aims to explore feasible paths for sustainable development while navigating the opportunities and challenges in the digital culture industry [8]. Group 5: Competition Overview - The "2025 Employer Brand Creative Competition" attracted 534 well-known domestic and international companies, receiving 1,831 employer brand creative submissions [9]. - The selection process involved four stages and utilized a "4+1" selection criterion, ultimately awarding 17 prizes across four categories [9].

12月1日，瑞银证券(UBS)发布《Humanoid Robot Insight》报告，对2025年11月全球人形机器人产业的 最新进展进行了全面分析，2026年量产的积极信号正在逐步显现。特斯拉、越疆等人形机器人企业的产 能规划逐步落地，中国厂商订单持续增长，欧洲投资者兴趣明显升温。具身智能订单落地与应用场景扩 展正在为行业注入新的活力。 瑞银证券报告特别强调，具身智能机器人的应用场景正在迅速扩展，从工业制造延伸到商业服务领域并 且正在加速落地。报告显示，作为代表企业之一的越疆在11月与绿源集团正式签署了 5000 台四足机器 人合作协议，双方将共同推动规模达5000台四足机器狗应用于智慧门店升级计划，应用场景涵盖门店导 览、产品演示、客户服务等，标志着具身智能从"技术验证"到"商业创造"关键跃迁。 瑞银证券研报预测：特斯拉的产能规划、越疆等公司的持续斩获大额订单，均表明产业链正在加速落 地。随着欧洲投资者兴趣升温，中国市场订单不断扩展，全球人形机器人产业正在迎来新的增长周期。 近日，曹操出行与越疆达成战略合作，越疆人形机器人入驻行业首个"绿色智能通行岛"，联合打造了行 业级解决方案，为具身智能机器人在出行 ...

Group 1 - The article highlights the initiative by Changfu Street in Changshu City to launch the first batch of national subsidy elevator renovation projects for old residential communities in 2025-2026, aiming to address residents' difficulties in accessing upper floors and improve community living quality [1] - Yingwo Elevator has successfully won the bid for the elevator renovation project at Shanglin Garden, which signifies the company's recognized expertise in urban renewal and public welfare improvement [3] - Yingwo Elevator emphasizes its commitment to product quality and user safety, with the EEUT (ENVOL Elevator Upgrading Team) dedicated to ensuring high-quality and efficient project completion for residents [4] Group 2 - The article mentions various elevator projects and installations across different locations, including 31 units at Shanghai Gaokeyuan and multiple projects in Chongqing, Wuxi, and other cities, indicating a broad market presence [5][6][7] - The involvement of national standards and testing institutions, such as the National Elevator Testing Institute, reflects the industry's focus on safety and performance [6]

在全球能源转型的十字路口，中美两国做出了截然不同的战略选择。一边是向后看，聚焦短期安全与独 立的务实转身；一边是向前看，构建新能源体系根基的系统布局。在这一战略分化的背景下，坤元资产 FOF生态圈伙伴阿特斯阳光、中创新航和星环聚能等企业，前瞻国家政策导向，交出了一份关于聚集绿 色和可持续发展的"智慧"答卷。 战略分化：美国加固"基座" 中国锻造"枢纽" 11月20日，美国能源部宣布重组，撤销多个清洁能源办公室，转向传统化石燃料和核能。"这不是简单 的能源回调，而是为应对AI时代电力危机所进行的国家级战略再配置。"行业专家指出，美国能源部的 重组实质上是针对AI算力需求爆发的"战时动员"。 迅猛发展的人工智能，使数据中心变成前所未有的"电老虎"，让本已老化的美国电网不堪重负。训练一 次尖端大模型的耗电量高达110亿度，相当于百万家庭一年的用电总量。而间歇性的风光电力"远水难救 近火"，迫使当局做出战略转向：削减部分清洁能源机构，转而重注于化石燃料与核能。 这一选择，本质是重新强化能源的"源头"供应。美国能源部计划采购多达10座新建大型核反应堆，科技 巨头也将核能纳入其能源蓝图。尽管被裁撤的清洁能源办公室曾支撑起 ...

2025年，"十四五"规划即将收官，"十五五"蓝图正在酝酿。在中国经济由高速增长转向高质量发展的关 键节点，人口老龄化已成为不可逆转的时代洪流。面对深度老龄化叠加低利率环境的双重挑战，养老不 再仅仅是家庭的私事，更是一道关乎国计民生的宏大命题。 11月28日，由大家保险集团与21世纪经济报道联合主办的"第四届保险养老融合与发展论坛(合肥站)"在 安徽合肥举行。论坛上，大家保险联合尼尔森IQ发布了《中国城市商业养老白皮书2026》(以下简称 《白皮书》)，基于对全国一二线城市3,107名中老年群体的深度调研，不仅揭示了"中国式养老"面临的 三大不确定性，更首创"三维九问"诊断模型，为中国家庭提供了一份寻找"确定性"养老方案的行动指 南。 养老形势日益严峻 该模型聚焦 "需求(养老养什么)、服务(养老靠谁养)、财富(拿什么养老)" 三大核心维度，引导家庭将养 老规划内化为生活品质保障、养老服务资源保障、资产安全管理的系统性思考，既为确定性养老方案提 当前我国人口老龄化程度正日益加深，同时还具有规模大、速度快、分布不均衡等特征。一是老龄人口 规模庞大。数据显示，截至2024年末，我国65岁及以上人口数量已达2.2亿 ...

提携 TOP 20 亦庄国投 % CVINFO 不介 投中信息 11月27日,国内私募股权投资领域权威榜单"投中榜"正式揭晓,北京亦庄国际投资发展有限公司(下称亦庄 国投)凭借深厚的产业布局和卓越的投资表现,从近400家国资背景机构中脱颖而出,荣膺"2025年度最佳国 资投资机构TOP20"重磅奖项;旗下亦庄产投凭借在母基金领域的强大竞争力与市场影响力,成功入 选"2025年度中国最受GP关注的母基金TOP30"。"双奖加冕",既是行业对亦庄国投在产业投资领域深耕 细作的高度肯定,也彰显了其"股权+基金"双轮驱动的全方位产业赋能实力。 作为北京经济技术开发区国有资本投资运营公司,亦庄国投始终以国家战略为导向,聚焦新一代信息技 术、生物技术和大健康、新能源智能汽车、机器人和智能制造四大产业,坚定不移当好长期资本、耐心 资本和战略资本,坚守服务实体经济、促进北京产业发展和科技创新的初心使命。 亦庄国投围绕重点产业、关键技术和产业链重要环节,一方面,通过战略投资对京东方、中芯国际、四维 图新等龙头企业精准发力、重点支持;另一方面,通过母基金和引导基金广泛布局,汇聚市场顶尖管理机构 的智慧与资源,构建覆盖企业发展种子 ...

近期，全球新能源发展协同伙伴瑞能股份屡获行业高度认可，先后获得"标准创新贡献奖"、"2025年度 技术"大奖、"优秀供应链服务支持奖"等多个奖项。 依托全链条闭环驱动，瑞能股份构建起覆盖全类型电池技术的测试与制造装备体系。在测试领域，公司 系列测试系统支持-10V至2500V宽电压范围，可满足从数码、动力到储能电池等多场景下的高精度充放 电测试需求；在制造端，瑞能股份同步提供化成分容自动化产线、模组/PACK一体化测试线等定制化产 线解决方案，实现从单元测试到产线制造的全流程覆盖，全面赋能电池技术的研发与规模化应用。 此外，瑞能股份加速推进AI与大模型技术在电池数据挖掘、状态预测与运维管理中的深度融合，构建 覆盖"研发－制造－应用－回收"的电池数字孪生平台。同时，公司将持续加码固态电池、钠离子电池等 前沿技术的测试研发，推出新一代高效、柔性化产线解决方案，助力客户应对多元化技术路线挑战。 聚焦固态电池领域，突破产业化核心痛点 作为深耕电池测试与智能制造领域二十余年的专业企业，瑞能股份聚焦固态电池化成分容及测试环节中 压力敏感度高、温度场管理复杂、数据采集难度大等核心痛点，自主开发具备高精度、高稳定性的固态 电 ...

Group 1 - The core viewpoint of the news is that Yingmi Fund has been recognized for its excellence in investment advisory services, winning multiple awards for its innovative practices and contributions to the industry [1][2][3] - Yingmi Fund has won the 2025 Xinhua Finance Fund Advisory "Golden Advisory Institution" award and the "Advisory Star" award for outstanding contributions to the construction of the advisory ecosystem in Guangzhou, marking its fourth consecutive year of recognition [1] - The company has established itself as a leader in the buy-side advisory sector, demonstrating significant achievements in the innovation of advisory service models and the development of the TAMP platform [1][2] Group 2 - Yingmi Fund launched the first fund combination platform in China in 2016, initiating the buy-side advisory 1.0 era, and has since evolved to introduce the advisory service 2.0 model, which integrates various solutions centered around account management [2] - As of September 2025, the average holding period for clients on the Qieman platform is 772 days, with a profit ratio of 96%, indicating strong client trust and satisfaction compared to self-trading clients [2] - The new "Fellow Traveler Rights System" introduced by Qieman is the first in the industry to use "investment duration" as a core dimension for client rights classification, aiming to encourage long-term holding through positive value incentives [2] Group 3 - Yingmi Fund's TAMP platform has served over 200 institutions, providing essential capabilities for teams and institutions to conduct fund advisory business [3][4] - The TAMP platform is designed to support advisory teams and financial institutions with backend services, including strategy management, portfolio trading, and operational support, thereby enhancing efficiency and professionalism in serving investors [3][4] - Strategic partnerships have been established with institutions such as Yuekai Securities and AVIC Securities to provide comprehensive support in advisory strategy output, product research, and client management [4] Group 4 - Yingmi Fund has launched the "Investment Advisor TAMP Platform Anhui Empowerment Base" project, aiming to set a benchmark for wealth management transformation and buy-side advisory practices in East China and nationwide [5] - The company is actively exploring institutional advisory solutions across six dimensions, including advisory strategy, asset allocation, and technology support, to address the transformation needs of financial institutions [7] - The introduction of AI technology in the advisory service system aims to enhance operational efficiency and compliance management, with the launch of the Yingmi Fund Compliance Review System [8]