美图还在年会上设置了总价值20万元的全球旅行基金奖励，并为每位中奖员工提供1天额外的带薪休 假。 按美图2025年8月财报披露的员工数量计算，此次发放的股票总价值超过2000万元。 1月22日，美图2026年会现场，美图董事长吴欣鸿宣布向全体员工授予每人1357股的公司股票奖励。按 当日收盘价计算，每名员工可获得超1万元的奖励。 内部人士透露，这是美图自2016年上市以来，第三次面向全体员工发放股票奖励。此前，美图曾分别于 2021年和2023年向全体员工发放美图公司股票。与前两次不同的是，本次全员发放股票，美图股价已经 从前几年的低于1港元涨至8港元以上。 ...

| 序号 | 股票代码 | 股票名称 | 持仓市值(元) | 持仓数量 | 相对上期增 | 占股票市值 | 占基金净值 | 占流通股本 Company of the program and | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | | | | | ER | FR | | | 1 | 688120.SH | 华海清科 | 92,239,739.52 | 620.494 | - | 9.48% | 8.76% | 0.18% 半导体 | | 2 | 300308.SZ | 中际旭创 | 86.681.000.00 | 142.100 | -3.53% | 8.91%↓ | 8.23% | 0.01% 通信设备 | | 3 | 002463.SZ | 沪电股份 | 83.542.392.40 | 1.143.320 | 66.42% | 8.59%1 | 7.93%1 | 0.06% 元件 | | 4 | 300502.SZ | 新易醫 | 78.742.003.04 | 184,333 | 8.75% | 8.09%↓ | 7. ...

微粒贷借款流程均在微信或手机QQ内完成，无需下载独立APP，也无需提交任何纸质材料或进行抵押 担保。在微信服务或手机QQ钱包中找到"微粒贷"入口，点击进入，按照页面提示操作完成申请，一般 10秒钟内出额度，最快1分钟就可以到账。7*24小时提供服务，完美符合我们对快速到账的小额贷款产 品需求。 微粒贷额度灵活 生活中遇到急用钱的时刻，大家都怎么解决的？找朋友周转还是去银行小额贷款？如果能有一款快速到 账的小额贷款产品，也就不用担心因资金周转不开而误事了。为大家推荐一款小额贷款产品——微粒 贷，线上操作，无需纸质材料，操作简单，审批迅速，是小编急用钱时的首选。 一、微粒贷安全正规 微粒贷是微众银行推出的一款纯线上小额贷款产品，借款流程规范，除借款利息外，没有其他额外费 用，资金安全的同时，借款成本也更清晰，用得更加安心。 二、微粒贷借款流程 微粒贷注意事项 通过以上介绍，相信大家对这款"快速到账的小额贷款"产品——微粒贷，已经有了全面的了解。温馨提 示：无论是选择哪一款产品，都要按时还款，避免逾期。同时，也要注意量力而行，合理借贷，避免过 度负债为生活带来较大压力。 微粒贷授信额度在500元至20万元之间，10 ...

在公司此前的IPO项目中，百惠金控团队曾担任联席全球协调人、联席账簿管理人及联席牵头经办人， 成功协助钧达新能源登陆港交所，有效提升了其在国际资本市场的影响力。 在本次股份增发计划中，百惠金控团队再次获委任为配售代理，利用自身资源和专业优势，持续跟进钧 达新能源的配售需求，并与项目各方保持及时紧密的沟通，确保配售计划的顺利进行。 重要声明：以上内容由百惠金控提供，仅作参考，并不能完全代替投资者的判断和决策。投资者需要根 据自身风险承受能力情况和需求，建议进行分析和评估，以制定最合适的投资策略。 百惠金控，旗下的百惠证券(中央编号: BPQ161)获香港证监会发牌进行第一类及第四类受规管的持牌活 动。同时，旗下的百惠资本(中央编号: BSM550)持有第一类及第六类牌照，并且拥有保荐人资格。 近日，海南钧达新能源科技股份有限公司(以下简称"钧达新能源")，股份代号2865.HK，发布股份增发 公告，宣布进行新股配售，由百惠金控担任配售代理。此次计划配售最多1,868.2万股H股，配售价为每 股22港元，较1月21日收市价折让约1.08%。按此计算，本次配售预计集资总额约4.11亿港元，所得净额 3.98亿港元。 ...

Core Viewpoint - The article emphasizes the growing demand for safe and profitable financial tools in the savings insurance market, highlighting the unique features of the "Fumanjia C" whole life insurance product launched by Zhongying Life, which combines guaranteed returns with dividends to meet various financial needs [1]. Product Design - The Fumanjia C product features a dual return structure of "guaranteed returns + floating dividends," balancing safety and growth, making it an ideal tool for the current economic cycle [2]. - The guaranteed portion of the policy provides a safety net, ensuring that benefits are secure regardless of market fluctuations, thus safeguarding wealth [2]. - The floating dividends allow policyholders to share in the insurance company's investment success, offering potential returns that exceed inflation, which is crucial in the current low-interest-rate environment [2]. Fund Flexibility - The product offers high flexibility in dividend usage, allowing policyholders to choose how to manage their dividends, breaking away from traditional rigid distribution methods [3]. - There are four options for handling dividends: cash withdrawal, accumulation with interest, premium offset, and additional coverage purchase, catering to different financial needs [4][5]. Value Growth - The Fumanjia C product demonstrates rapid cash value growth, with the cash value exceeding total premiums paid by the fourth year, significantly reducing liquidity concerns [6]. - The internal rate of return (IRR) surpasses 2.0% by the fifth year, indicating strong mid-term growth potential, making it suitable for short to medium-term financial planning [6][7]. Asset Utilization - The product features clear and transparent rules for reducing coverage, allowing for orderly access to funds, which is crucial for liquidity [8]. - The contract stipulates a maximum reduction limit of 20% of the basic coverage, ensuring reliability and legal protection for policyholders [8]. Insurer Strength - Zhongying Life is backed by strong shareholders, including COFCO Group and Aviva, combining local resources with global expertise [9]. - The company boasts robust financials, with total assets exceeding 108.3 billion and a solvency ratio well above regulatory requirements, indicating strong risk resilience [9][10]. - The company has maintained a high risk rating of "AAA," reflecting its financial stability and operational integrity, which supports the long-term viability of its dividend insurance products [10]. Target Audience and Recommendations - The Fumanjia C product is particularly suitable for investors seeking stable mid to long-term returns, families planning for education or retirement, and high-net-worth individuals focused on efficient asset transfer [11]. - It is recommended that investors consider this product as part of a broader financial strategy, especially in a low-interest-rate environment, to build a protective wealth framework [11].

在终端产品层面，三星同样选择以技术升级来对冲行业波动风险。即将推出的Galaxy S26系列手机，将 首发全新升级的Bixby智能助手，核心卖点聚焦自然对话与情境化控制，强调从"语音指令"向"智能理 解"的跨越。这一变化反映出三星在移动端AI布局上的战略调整，即不再仅依赖硬件参数竞争，而是通 过软件和生态提升用户黏性。和众汇富观察发现，随着生成式AI逐步向终端侧渗透，智能助手的能力 将成为高端手机差异化竞争的重要因素。 从更宏观的视角看，三星电子当前的多线布局，体现了其在复杂周期中的平衡策略。一方面，通过 NAND减产稳定存储业务的盈利预期，避免价格战侵蚀现金流；另一方面，加大在2纳米制程和终端AI 体验上的投入，为未来增长积蓄动能。这种"收与放并行"的策略，在全球半导体龙头中具有一定代表 性。和众汇富认为，在行业不确定性加大的阶段，能够同时兼顾短期盈利与长期技术竞争力的企业，更 有可能在下一轮周期中占据主动。 近期，全球半导体产业链再度迎来关键信号。三星电子与SK海力士相继明确，计划在2026年同步下调 NAND闪存晶圆投片量，其中三星电子预计将年度晶圆投入量由2025年的约490万片降至468万片，SK ...

Core Insights - The A-share market in 2025 experienced a comprehensive recovery driven by multiple positive factors, leading to a significant restoration of market risk appetite and increased trading activity, with quantitative index enhancement strategies achieving remarkable performance [1][3] Market Environment - The A-share market in 2025 displayed distinct structural characteristics, supported by policy guidance for stable capital market operations and long-term capital inflows, while themes related to technological innovation and industrial upgrades led to notable stock differentiation [3] - The market exhibited a "moderate index rise with high structural differentiation" characteristic, creating abundant Alpha sources for quantitative models through multi-factor stock selection, industry rotation, and style switching [3] Strategy Performance - Mid-cap index enhancement products emerged as the top-performing segment in 2025, with some products achieving returns close to or exceeding 50%, benefiting from active trading and frequent style rotation [3] - Quantitative strategies demonstrated strong adaptability in complex market conditions, with mid-cap index enhancement strategies showing attractive risk-adjusted return metrics [3][4] Institutional Advantages - Leading quantitative institutions further amplified their advantages in 2025, with larger management scales enabling more efficient model iterations and parameter adjustments during rapid market changes [4] - Data shows that products from top institutions achieved average returns and excess returns significantly above industry averages, highlighting the importance of continuous R&D investment and dynamic strategy adjustments [4] Technological Advancements - The application of artificial intelligence in quantitative investment deepened in 2025, enhancing model training, signal generation, and risk control, allowing strategies to maintain flexibility across different market conditions [4] - AI improved the models' perception of market changes, enabling quantitative strategies to control drawdowns while striving for higher excess returns [4] Product Design Trends - Quantitative index enhancement products in 2025 exhibited increased diversification, with some managers optimizing traditional structures through dynamic position adjustments and risk budget management to enhance defensive capabilities [5] - The introduction of dividend mechanisms in quantitative products became more common, improving investor experience and contributing to more stable long-term allocation attributes [6] Overall Outlook - The outstanding performance of quantitative index enhancement strategies in 2025 resulted from the improved A-share market environment, technological advancements, and increased industry maturity, enhancing their position in asset allocation [6] - Looking ahead, quantitative index enhancement strategies are expected to play a crucial role in seeking stability amid market uncertainties, with a focus on managers' research capabilities, risk control levels, and sustainable long-term performance [6]

在AI Agent场景领域，汇通达自主研发的"千橙云AI智能大模型"持续深度推进与阿里云在算力、数据等 资源方面的全栈AI全面合作。在文生图、文生视频、营销策划等功能上接入阿里"通义千问"，帮助实体 店老板能够一键制作活动方案、宣传海报、短视频等。 "千橙零售机器人"与"千橙AI超级店长"的软硬件一体化AI布局，不仅将在汇通达下沉市场会员店进行推 广覆盖，还有望同步覆盖汇通达"社区硬折扣超市"项目及门店，为城乡市场的零售数字化同步注入AI新 动能。 在促消费政策利好释放、人工智能技术发展的双重有利环境下，汇通达网络(9878.HK)为传统零售实体 打造的大模型与智能体，同步覆盖门店经营管理的多个场景。自2026年开年以来，进一步实现了软、硬 件双端的布局，助力门店提升数字化水平与经营效率。 在AI零售机器人方面，汇通达的"千橙零售机器人"已进入测试阶段。多型号的机器人设备将从商家和顾 客的双视角，在门店巡检、商品导购等场景下，推动门店经营提效。一方面，助力老板更直观地掌握门 店商品销售和库存情况，配合后台实现智能采购、补货、改价等操作；另一方面，智能分析门店货架和 顾客动线，为消费者提供导购、促销等服务。 ...

免责声明 2025年12月，一级市场募资迎来年末收官高潮，热度较11月持续升级。从募资端来看，市场呈现翘尾爆 发态势，量价均创纪录，结构上股权投资基金主导增长，区域格局呈现江浙领跑与头部省份集中的特 征，国资与头部机构共同发力，大额基金聚焦战略新兴产业与科创赛道，募资格局进一步优化。 电子信息产业、医疗健康、医疗技术、医疗服务、医药的早期创业者需重点关注凯风创投： 鲸准数据显示：凯风创投成立于2017年2月21日，注册地址位于宁波市，基本定位于TMT和Healthcare的 天使和早期投资，投资领域主要为电子信息产业、医疗健康、医疗技术、医疗服务、医药。2025年12月 凯风创投备案4支基金，皆为创业投资基金，基金规模约为4.93亿元，备案的4支基金中2支的资本背景 为国有相对控股，2支的资本背景为民营企业。凯风创投2025年共发生14起投资事件，投资活动活跃。 其过往的投资案例中A轮占比29.46%、天使轮占比28.29%、战略投资占比10.08%。在其过往投资案例的 地域分布中，江苏占93起，上海占60起，浙江占30起…… 1. 本募资月报(以下简称"报告")所涉2025年12月基金备案数据均来源于中国证 ...

一方面，该基金的规模持续攀升，自2025年末的90亿跃升至当前的113亿，半月净流入超23亿元，且自 2023年9月上市以来，日均成交额为4.83亿元，构建起"规模-流动性-资金流入"的良性循环。另一方面， 该基金近一年净值增长率75.05%，成为投资者一键布局硬科技宽基、分享国家创新发展红利的核心载 体(数据来源：wind)。 在指数化投资加速普及的今天，宽基正成为机构与个人投资者跟上市场行情的首选工具。Wind数据显 示，截至2026年1月19日，全市场科创板相关ETF产品已达157只，但其中仅有6只权益类ETF规模突破 百亿元大关，几乎全部集中于科创50、科创创业50和科创100等宽基指数。其中，科创100ETF鹏华 (588220)尤为亮眼——作为唯一一只追踪上证科创板100指数的百亿级产品，其最新规模已达113.94亿 元，稳居同类第一。 来到当下，在指数化投资迈向高质量发展的新阶段，宽基ETF凭借分散风险、覆盖全面、费率优惠等优 势，已成为不少资金长期配置的"压舱石"。而在硬科技这一关乎国家未来的核心赛道上，科创100ETF 鹏华(588220)以其百亿规模、旗舰定位、系统支撑与战略契合度，正成为 ...