编辑 杨娟娟 校对 王心 前海开源基金首席经济学家杨德龙指出，国际金价大幅下跌和大量抛压有关，短期涨幅过大累积大量获 利盘，市场见顶回落出现急跌，但黄金价格长期上涨逻辑不变，去美元化趋势不变，后期可能会反复出 现震荡走势。 2026年2月4日，高盛发布最新观点称，维持对2026年12月金价每盎司5400美元的预测，并指出该预测存 在明显上行风险。 南开大学金融发展研究院院长田利辉认为，对普通投资者而言，当前的关键并非择时，而是确立正确的 投资范式，普通投资者应彻底摒弃"抄底"思维。若进行长期配置，必须使用正确工具，远离杠杆，并且 严格控制比例，以"逢低、分批、长期"的定投思路平滑成本，才能穿越高波动周期，分享其长期价值。 新京报贝壳财经讯（记者徐雨婷）2月5日，现货黄金跌幅持续扩大，现货黄金一度跌破4800美元/盎 司，日内跌超3%。截至盘中，现货黄金报4881.3美元/盎司，跌1.72%；COMEX黄金报4886.8美元/盎 司，跌1.28%。 现货白银一度跌破75美元/盎司，跌幅扩大至15%。截至盘中，现货白银报77.1美元/盎司，跌12.66%； COMEX白银报76.7美元/盎司，跌9.11%。 ...

Group 1 - The core point of the article is that Shengshu Technology has completed over 600 million RMB in A+ round financing, led by Zhongguancun Science City and Xinglian Capital, with strategic investments from listed companies such as Wanxing Technology, Vision China, and Tuolisi [1] - Shengshu Technology was established in March 2023, with core members from Tsinghua University's Artificial Intelligence Research Institute [1] - The company launched its video generation model, Vidu, in April 2024, which is designed to fully benchmark against Sora, and subsequently released multiple versions throughout 2024 [1] Group 2 - Vidu currently serves global creators, content organizations, and enterprises, with users and business operations covering over 200 countries and regions [1] - Industry clients include major companies such as Sony Pictures, Tencent Animation, and ByteDance, with expectations for overall user and revenue growth exceeding 10 times by 2025 [1]

Core Viewpoint - Tencent is entering the micro-animation market through a partnership with Zhongwen Online, indicating a strategic move to leverage its ecosystem capabilities in the animation sector [1]. Group 1: Partnership and Financial Details - Zhongwen Online announced a daily related transaction with Tencent, involving a collaboration on the authorization of animated micro-short dramas [1]. - The expected cooperation amount for this partnership is 23.2 million yuan [1]. Group 2: Market Expansion - Tencent has launched a separate entry for micro-animation, named "Fire Dragon Animation," which is now available on the Apple App Store [3]. - The developer listed for the "Fire Dragon Animation" is Tencent, highlighting its direct involvement in the animation content creation [3]. Group 3: Shareholding Information - Tencent has a relationship with Shanghai Yuedong Information Technology Co., Ltd. and Shenzhen Litong Industrial Investment Fund Co., Ltd., which together hold over 5% of the shares in the company [2].

据王世江介绍，行业当前正处于新一轮深度调整期，行业深层次的供需错配尚未解决，企业的经营依然 面临较大挑战。 编辑 岳彩周 校对 赵琳 不久前的1月28日，工业和信息化部党组书记、部长李乐成主持召开光伏行业企业家座谈会，深入贯彻 落实党中央、国务院决策部署，听取重点企业及光伏行业协会对"反内卷"工作的意见建议，研究部署推 进光伏行业治理工作。 上述会议强调，当前形势下，"反内卷"是光伏行业规范治理的主要矛盾，各部门要加强协同、同向发 力，综合运用产能调控、标准引领、质量监督、价格执法、防范垄断风险、知识产权保护、促进技术进 步等手段，以市场化、法治化手段共同推动光伏行业回归良性竞争、理性发展的轨道。光伏行业协会要 积极履行职能，依法依规推进行业自律，创新方式方法，坚决破除行业"内卷式"竞争。 新京报贝壳财经讯（记者朱玥怡）2月5日，工业和信息化部电子信息司副司长王世江在中国光伏行业协 会主办的光伏行业2025年发展回顾与2026年形势展望研讨会上表示，治理行业内卷将是今年工作的重中 之重。 ...

（文章来源：贝壳财经） 工业和信息化部电子信息司副司长王世江在中国光伏行业协会主办的光伏行业2025年发展回顾与2026年 形势展望研讨会上表示，治理行业内卷将是今年工作的重中之重。据王世江介绍，行业当前正处于新一 轮深度调整期，行业深层次的供需错配尚未解决，企业的经营依然面临较大挑战。 ...

Group 1 - The core issue revolves around the "Yuanbao" app's marketing activities, which have been reported to disrupt the ecosystem of the WeChat platform by encouraging users to frequently share links in group chats [1] - WeChat has received user complaints regarding Yuanbao's promotional tactics, which include "completing tasks" and "claiming red envelopes," leading to user harassment and a negative impact on user experience [1] - As a result of these findings, WeChat has taken action to restrict Yuanbao's links from being opened directly within the WeChat platform, with these measures taking effect immediately [1]

【#新一代SU7预计2月13日起进店#】#雷军欢迎大家来看展车#2月4日，雷军发文表示：新一代SU7亮 相多地机场广告大牌。如果大家在机场遇到，欢迎拍照分享。 展车，预计2月13日起，陆续进店，首批将在北京、上海、杭州、广州、深圳、成都、武汉的mall店进 行展示，春节期间欢迎大家和家人朋友一起来看看。 小订现已开启，欢迎前往APP了解详情。@财经 网科技 ...

Core Insights - Hubei Jichuan Pharmaceutical Co., Ltd. has secured exclusive commercialization rights for two innovative drugs, Inusimab injection and Pumexitin (PG-011) nasal spray, enhancing its product portfolio [1][2][3] Group 1: Commercialization Agreements - Jichuan Pharmaceutical signed an exclusive commercialization agreement for Inusimab injection, a PCSK9 monoclonal antibody for treating primary hypercholesterolemia and mixed dyslipidemia, with a payment of 80 million yuan (including tax) and potential milestone payments of up to 10 million yuan [2] - The Inusimab injection is expected to be approved for market launch in September 2024 and included in the National Medical Insurance Drug List in 2025 [2] - Jichuan Pharmaceutical also signed an exclusive commercialization agreement for Pumexitin nasal spray, a JAK1/2 inhibitor for allergic rhinitis, with a payment of up to 100 million yuan (including tax) [3] Group 2: Financial Performance and Challenges - Jichuan Pharmaceutical's core products have faced declining sales, leading to a decrease in revenue and net profit. In 2024, the company reported an operating revenue of 8.017 billion yuan, down 16.96%, and a net profit of 2.532 billion yuan, down 10.32% [8] - The sales of key products, including Pudilan anti-inflammatory oral liquid and pediatric Qiqiao Qingre granules, have been negatively impacted by market demand changes and pricing policies, resulting in significant revenue declines [8][9] - In the first three quarters of 2025, the company continued to experience a downward trend, with operating revenue of 3.932 billion yuan, down 32.27%, and a net profit of 1.022 billion yuan, down 46.27% [9]

据加拿大环境保护相关法律法规，进口、销售或分销含有全氟壬基聚二甲基硅氧烷成分的化妆品，属 于"重大新活动"，需要提前向有关部门申报，但雅诗兰黛集团未履行申报义务。 新京报贝壳财经讯（记者李铮）雅诗兰黛集团在环保上"栽了跟头"？2月4日，有媒体报道称，该公司因 违反加拿大环境保护相关条例被罚款。 事件可以追溯至2023年5月，加拿大环境与气候变化部的执法人员在例行检查中发现，雅诗兰黛集团销 售的眼线产品中，含有"全氟壬基聚二甲基硅氧烷"成分。该成分属于全氟和多氟烷基物质（PFAS）的 一种，因PFAS在自然条件下难以分解，拥有"永久性化学物质"的别称。 针对这一事件，2月4日，雅诗兰黛旗舰店客服回应新京报贝壳财经记者称，确保消费者安全是其首要任 务，"我们所有产品和成分都执行最严苛的安全评估标准。我们的产品符合中国及所有销售市场的政策 法规，可以安全使用。"在记者的追问下，该客服表示，目前店内未售卖眼线产品。 编辑 陈莉 校对 穆祥桐 ...

Core Insights - The core viewpoint of the articles highlights the financial performance of Babi Foods in 2025, showcasing both revenue growth and a decline in net profit, while also detailing the company's strategic initiatives and challenges faced during the year [1][2]. Financial Performance - Babi Foods achieved an operating revenue of 1.859 billion yuan in 2025, representing a year-on-year growth of 11.22% [1] - The net profit attributable to shareholders of the listed company was approximately 273 million yuan, reflecting a year-on-year decrease of 1.30% [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was about 245 million yuan, showing a year-on-year increase of 16.49% [1] Asset and Equity Growth - As of the end of 2025, Babi Foods reported total assets of 2.8967 billion yuan, which is a 1.53% increase compared to the beginning of the reporting period [1] - The equity attributable to shareholders of the listed company was 2.3374 billion yuan, marking a 3.18% increase from the start of the reporting period [1] Strategic Initiatives - During the reporting period, the company actively pursued business expansion and integration, enhancing its national layout with a steady increase in franchise store numbers [1] - Babi Foods successfully completed acquisitions of projects such as "Qinglu" in Nanjing and "Manxiangren" in Zhejiang, further improving its regional market layout [1] - The company focused on lean improvement, new product development, and supply chain management optimization, effectively controlling raw material costs and enhancing overall operational efficiency [1] Investment Impact - The company's indirect holdings in Dongpeng Beverage (Group) Co., Ltd. experienced a decrease in fair value changes and investment income by a total of 93.82 million yuan compared to the same period last year, leading to a decline in operating profit, total profit, and net profit [2]