关于节后A股行情展望，七成私募对节后行情持乐观态度，认为春节前市场整固较为充分，节后A股有 望企稳向上，重启升势；仅9.62%的私募对节后行情持谨慎态度，认为市场结构性估值泡沫仍偏多，节 后市场主要股指和个股赚钱效应可能回落。 校对 杨利 新京报贝壳财经讯（记者胡萌）临近春节，持股还是持币过节再次成为市场热议话题。2月10日，贝壳 财经记者从私募排排网获悉，逾六成私募倾向于重仓或者满仓过节，认为指数震荡难改市场结构性机 会；但8%的私募倾向于轻仓过节，认为短期市场仍有回调风险。 ...

Core Viewpoint - The recent volatility in gold prices has led banks to tighten trading restrictions on precious metals-related businesses, impacting personal gold trading channels significantly [1][4]. Group 1: Bank Actions - Industrial Bank announced it will close personal online trading channels for the Shanghai Gold Exchange after February 14, while other channels like counter and mobile banking will remain open [2]. - Several banks, including Industrial Bank, ICBC, CCB, ABC, Postal Savings Bank, and Everbright Bank, have adjusted their precious metals trading services in response to market conditions [3][5]. - Banks are urging clients to complete necessary operations such as contract settlements and withdrawals due to the heightened market risks [5]. Group 2: Market Conditions - The recent sharp fluctuations in precious metal prices have raised concerns about potential risks in the market, prompting banks to adjust their services to mitigate these risks [4][8]. - The tightening of personal gold trading services is part of a broader trend following the "oil treasure" incident in 2020, leading to stricter regulations on banks' financial derivative businesses [8]. Group 3: Future Outlook - Despite the closure of high-risk leveraged trading channels for individual investors, the overall precious metals business in the banking sector is expected to grow, with banks promoting lower-risk investment products like gold accumulation and physical gold bars [8]. - The adjustments indicate a significant reduction in access to personal gold trading, effectively closing off this channel for individual clients [8].

（文章来源：贝壳财经） 关于节后A股行情展望，七成私募对节后行情持乐观态度，认为春节前市场整固较为充分，节后A股有 望企稳向上，重启升势；仅9.62%的私募对节后行情持谨慎态度，认为市场结构性估值泡沫仍偏多，节 后市场主要股指和个股赚钱效应可能回落。 临近春节，持股OR持币过节再次成为市场热议话题。2月10日，贝壳财经记者从私募排排网获悉，逾六 成私募倾向于重仓或者满仓过节，认为指数震荡难改市场结构性机会；但8%的私募倾向于轻仓过节， 认为短期市场仍有回调风险。 ...

Group 1: Core Strategy - The chairman of Li Auto, Li Xiang, outlined the company's embodied intelligence strategy, aiming to evolve into an embodied intelligence enterprise with the ultimate form of a car being a robot [1] - Li Auto has made significant organizational changes, including the establishment of new teams focused on software and humanoid robots, indicating a shift towards an AI-centric approach [1][4] - The company plans to dismantle its autonomous driving team to pave the way for broader applications of embodied intelligence, positioning itself for competition in the high-end automotive market [1][4] Group 2: Industry Context - Beijing's supportive policies and initiatives, such as the "Beijing Embodied Intelligence Technology Innovation and Industry Cultivation Action Plan (2025-2027)," provide a fertile ground for the development of the embodied intelligence industry [2] - The automotive industry is increasingly exploring the integration of robotics, with companies recognizing the potential of embodied intelligence as a new growth avenue amid a saturated market [4] Group 3: Challenges and Considerations - The transition to embodied intelligence faces multiple challenges, including technological bottlenecks and the difficulty of commercializing complex tasks [5][6] - While embodied intelligence is seen as a long-term trend, the current cash flow for companies like Li Auto still heavily relies on their core automotive business [7] - The development cycle for embodied intelligence is lengthy and requires sustained investment and patience, emphasizing the need for a steady approach rather than a rush for immediate results [8][9]

借助"平台政策+流量扶持+增长策略"，京东买药秒送为合作商家打造了从运营到增长的全链路解决方 案。2025年京东APP首页"秒送外卖"标签升级，"24h送药"入口跃升至首屏显著位置，直接带动买药秒 送订单量暴涨3倍。京东618期间，京东买药秒送迎来爆发式增长，订单量同比增长超4倍，新增用户数 同比增长超6倍。众多数据印证了全域流量对合作商家生意增长的强劲拉动。2026年春节期间，京东买 药秒送在29个城市重点保供，为商家提供运费补贴与返佣支持，同时聚焦19个旅游热门城市推出近200 款商品补贴促销。在保障民生用药需求的同时，也为合作商家开辟了新的增长点。 新京报讯（记者王卡拉）京东买药秒送2月9日发布的数据显示，2025年合作门店数同比增长超100%， 服务网络已覆盖490个城市，订单量同比增长超200%，合作工业品牌数量同比增长超11倍。通过整合平 台流量、精细化运营与数智化能力，京东买药秒送构建起覆盖全链路的赋能体系，已成为助力药店、药 企等合作伙伴实现持续增长的重要渠道。 针对药企，京东买药秒送通过构建完整的品牌增长路径，助力药企从"卖产品"升级为"传递健康价值"。 在渠道触达层面，京东买药秒送构建了全 ...

Core Insights - Systemic lupus erythematosus (SLE) is a chronic autoimmune disease that imposes a significant burden on patients, families, and society, necessitating a focus on controlling disease activity while minimizing long-term treatment risks [1][2] Group 1: Disease Characteristics - SLE is characterized by an immune system that mistakenly attacks the body's own tissues and organs, leading to diverse clinical manifestations [2] - Approximately 45% of SLE patients in China experience kidney involvement, and 37% have blood system abnormalities, with these rates being higher than in Western populations [2] - China has the highest number of SLE patients globally, predominantly affecting young women of childbearing age, with an average onset age of around 30 years [2] Group 2: Treatment Landscape - Historically, SLE treatment options were limited, primarily relying on steroids and immunosuppressants, leading to a "drug scarcity" situation for patients [3] - Long-term use of steroids can result in significant side effects, including obesity, osteoporosis, and elevated blood sugar levels, while immunosuppressants may increase infection risks [3] - The treatment strategy for SLE is shifting from "symptom control" to "long-term remission and organ protection," with the concept of "targeted therapy" emerging to maintain low disease activity or clinical remission [3] Group 3: Advances in Treatment - Recent advancements in treatment options, including biological agents, small molecule drugs, and cell therapies, have revolutionized SLE management [3] - Effective management of steroid use is crucial, as maintaining steroid levels without reduction equates to not achieving treatment goals [3] - The evolving treatment landscape aims to balance the reduction of steroid-related side effects with the risk of disease relapse during tapering [3]

首企阳光招采公共服务平台由北京企业联合会、北京市企业家协会主办，平台以公开、公平、公正为核 心原则，立足首都丰富采购资源，聚焦三地优势互补、互利共赢，通过精准拉动津冀生产消费升级、畅 通物流运输脉络，为京津冀高质量协同发展凝聚强劲合力。 新京报贝壳财经讯（记者阎侠）2月10日上午，记者获悉，首企阳光招采公共服务平台在北京正式上 线，来自天津、河北的企业代表与北京市政协委员、北京企业联合会会长张建利共同按下启动按键，见 证这一京津冀首家以采购驱动三地产业深度融合发展的阳光招采平台正式投入运营，此举也成为北京优 化营商环境、擦亮"北京服务"品牌的重要实践，为京津冀协同发展注入全新动力。 作为链接三地产业发展的重要桥梁，首企阳光招采公共服务平台实现了产销对接与物流协同的双重升 级。平台通过推行阳光采购模式，将北京优质采购需求全面向天津、河北优质供应商开放，推动三地产 销精准对接，有效激活区域市场活力；同时依托平台数据互通优势，推动京津冀三地完善物流联动机 制，打通跨区域运输堵点，实现物流资源共享，保障采购物资高效流通，助力区域物流运输体系协同优 化。 在打破信息壁垒、推动要素流动方面，平台同样发挥着核心作用。通过京 ...

Core Viewpoint - As the Spring Festival approaches, the choice between "holding stocks or holding cash" has become a focal point for investors, with a consensus emerging among major brokerages favoring "holding stocks" as the better option this year [1][2]. Group 1: Market Sentiment and Predictions - Major brokerages, including Guotai Junan and GF Securities, express optimism about the market's potential for recovery post-holiday, suggesting that the A-share market may experience a favorable "timing, location, and human factors" for an upward trend [2][17]. - Despite a general consensus on holding stocks, several brokerages caution that market performance may still be influenced by multiple risks, including slower-than-expected economic recovery and geopolitical uncertainties [3]. Group 2: Investment Strategies and Sector Focus - Guotai Junan recommends focusing on emerging technology and value sectors, highlighting themes such as commercial aerospace, robotics, urban renewal, and domestic consumption [4]. - Dongwu Securities suggests three main investment directions: overvalued technology sectors, booming industries like energy storage and lithium batteries, and themes related to the 14th Five-Year Plan, including commercial aerospace and 6G technology [5]. - Galaxy Securities advocates for a cautious approach with "light positions," emphasizing the importance of the upcoming "Two Sessions" and the shift towards "new productive forces" in sectors like semiconductors and artificial intelligence [6][7]. - Huaxia Securities emphasizes the importance of preparing for the post-holiday "red envelope" market, noting that technology sectors typically show better elasticity after the holiday [13]. - The investment focus should also include sectors that have underperformed but are expected to recover, such as food and beverage, agriculture, and healthcare [12]. Group 3: Market Dynamics and Historical Trends - Historical data indicates that the market tends to perform better after the Spring Festival, with a common pattern of "lower before the holiday and higher after" across various style indices [11]. - The current market environment is characterized by a high trading volume, with brokerages maintaining a cautious yet optimistic stance, suggesting that the market is not likely to turn bearish easily [8][9]. - The upcoming Spring Festival is seen as a critical period for potential market recovery, with many brokerages encouraging investors to remain confident and prepared for the first wave of the new year's upward cycle [17].

Core Viewpoint - Optoelectronics plans to issue convertible bonds to raise up to 1.38 billion yuan for various projects aimed at enhancing its capabilities in industrial automation and robotics [1] Group 1: Fundraising Purpose - The company intends to use the raised funds for the expansion of industrial 3D vision sensors and smart hardware production [1] - Funds will also support the research and development of AI intelligent vision solution systems [1] - Additional allocations include the industrialization of core components and vision systems for industrial-grade robots, as well as supplementing working capital [1] Group 2: Strategic Goals - The fundraising effort aims to deepen the company's existing advantages in the industrial automation sector [1] - The company seeks to further establish its presence in the core components and vision system solutions for robotics [1]

新京报贝壳财经讯 2月9日，智光电气发布公告称，公司控股子公司智光储能与某公司签订了金额合计 为10.04亿元的《买卖合同》，买方向智光储能购买储能系统。该合同涉及的业务为公司主营业务，若 该合同顺利履行，预计将对公司财务状况以及经营业绩产生积极影响。 ...