Core Viewpoint - The domestic gold jewelry prices have continued to decline, with specific brands reporting lower prices per gram compared to the previous day [1] Price Summary - Chow Sang Sang's gold jewelry is priced at 1345 yuan per gram, down 10 yuan from 1355 yuan [1] - Lao Miao's gold jewelry is priced at 1354 yuan per gram, down 11 yuan from 1365 yuan [1] - Lao Feng Xiang's gold jewelry is priced at 1360 yuan per gram, down 6 yuan from 1366 yuan [1]

Core Viewpoint - The article discusses the economic outlook for 2026 and the strategic initiatives that companies, particularly in the autonomous driving sector, are planning to implement in response to the central economic work conference's emphasis on expanding domestic demand and optimizing supply [1][2]. Company Initiatives - Pony.ai, led by CEO Peng Jun, is positioned as a key player in the autonomous driving industry, which integrates multiple sectors such as automotive, transportation, energy, and artificial intelligence [9]. - The company aims to convert national macroeconomic guidelines into specific industry development actions, leveraging its world model™ (PonyWorld) to create a virtual driver™ that has achieved 500,000 hours of fully autonomous operation, demonstrating a safety performance ten times better than human drivers [9][10]. - Pony.ai has successfully launched autonomous driving services in major Chinese cities, including Beijing, Shanghai, Guangzhou, and Shenzhen, achieving regular operations without human intervention [9]. Strategic Development Goals - For 2026 and beyond, Pony.ai plans to adopt a "T" shaped strategic layout, focusing on deepening its presence in existing markets while exploring new opportunities [11]. - The company has reached a milestone with its seventh-generation vehicle achieving profitability in Guangzhou, validating its business model and enhancing confidence in expanding operations in first-tier cities [11]. - Future growth will be driven by expanding into more domestic cities and international markets, with strategies involving collaboration with local partners and government agencies to establish market presence [11].

Group 1 - The central economic work meeting emphasizes the need to continuously expand domestic demand, optimize supply, enhance incremental growth, and revitalize existing resources, while developing new productive forces tailored to local conditions [2][5]. - 雷鸟创新 plans to increase R&D efforts in key technologies such as AR optical display, spatial computing, and AI large model technologies to enhance core competitiveness [5]. - 雷鸟创新 aims to build a global industrial cooperation ecosystem, achieving domestic substitution across the entire supply chain from Micro-OLED screens to AR-specific chips, with many related technologies becoming industry standards [5]. Group 2 - In 2026, 雷鸟创新 plans to expand market size while maintaining its leading position in the Chinese market and increasing market share in key countries and regions such as North America and Europe [6]. - The company will continue to invest in core technology R&D to improve its competitiveness [6].

Core Viewpoint - The article discusses the economic outlook for 2026 and the strategic initiatives that companies, particularly 千寻位置 (Qianxun Position), will undertake in response to the central economic work conference's emphasis on expanding domestic demand and optimizing supply [2][4]. Group 1: Company Initiatives - 千寻位置 aims to integrate advanced technologies into practical scenarios to activate new productive forces, focusing on three key integrations: "operation and governance," "technology and industry," and "AI and terminals" [6][7]. - The company has developed a "star-ground integrated" spatial intelligence network with over 10,000 GNSS stations, providing centimeter-level positioning and millisecond-level timing services [5]. - The CEO emphasizes the mission to make precise spatial capabilities a new production factor, akin to water and electricity, supporting economic and social development [4][5]. Group 2: Strategic Goals for 2026 - The company plans to leverage the AI wave initiated by the release of ChatGPT, with service call volumes increasing from 100 billion to 1 trillion per month, a tenfold growth [9]. - 千寻位置 aims to enhance its global service capabilities, ensuring that overseas users receive the same quality of spatial services as in China, while also supporting the international expansion of Chinese smart vehicles and drones [9]. - The company intends to deepen its sustainable operations in urban scenarios, aiming to create benchmark demonstrations that integrate spatial intelligence into urban governance, industrial upgrades, and public services [9].

新京报贝壳财经讯（记者黄鑫宇）12月31日晚，北京证券交易所（即北交所）宣布，为完成《北京证券 交易所股票上市规则》（即《上市规则》）的修订，将自2025年12月31日起向社会公开征求意见。 据北交所介绍，本次《上市规则》修订内容主要包括落实中国证监会《上市公司董事会秘书监管规则 （征求意见稿）》要求、强化公司治理要求、增加严重异常波动相关监管安排三个方面。 在强化公司治理要求方面，通过修订《上市规则》，北交所明确兼任要求。根据要求，控股股东、实际 控制人担任上市公司董事长和总经理的，上市公司应当合理确定董事会和总经理的职权，说明该项安排 的合理性以及保持上市公司独立性的措施。 同时，北交所提出，控股股东、实际控制人及其控制的其他单位从事与上市公司相同或者相近业务的， 应当及时披露相关业务情况、对上市公司的影响、防范利益冲突的举措等。 北交所表示，本次《上市规则》修订，旨在进一步提升北交所上市公司董事会秘书履职水平，切实发挥 董事会秘书制度对推动提高上市公司质量的重要作用，督促上市公司提升治理水平，同时优化股票异常 波动监管。 据悉，本次征求意见工作将于2026年1月14日结束。 编辑 岳彩周 校对 杨许丽 ...

Group 1 - As of the report date, 1494 A-share companies have implemented share buybacks in 2025, with a total amount exceeding 1392.84 billion yuan [1] - Among these, 14 companies have repurchased more than 1 billion yuan, with Midea Group leading at 115.45 billion yuan [1] - Other notable companies include Kweichow Moutai with 59.99 billion yuan and CATL with 43.87 billion yuan in buybacks [1] Group 2 - The top companies by buyback amount include: - Midea Group: 15,707.08 thousand shares, 115.45 billion yuan [1] - Kweichow Moutai: 392.76 thousand shares, 59.99 billion yuan [1] - CATL: 1,606.23 thousand shares, 43.87 billion yuan [1] - XCMG Machinery: 35,771.18 thousand shares, 30.50 billion yuan [1] - Muyuan Foods: 5,749.49 thousand shares, 25.01 billion yuan [1]

谈及家电行业"内卷"，格力电器董事长董明珠向记者表示，家电行业竞争非常激烈，大家不再追求技术 突破，简单地偷工减料，以价格忽悠用户。如果图便宜买1000元的空调，面临的维修成本远远大于购买 一台质量好的产品，劣质产品耗电量也是正常产品耗电量的翻倍。 市场"价格战"悄然改变行业格局。小米集团合伙人、总裁卢伟冰在2025年年初提到，"小米空调2024年 是中国市场第四名，今年目标坐稳第三名，最近提出2030年目标，在中国市场空调要做到数一数二。虽 然目标蛮难，但我认为小米机会很大。" 2025年收官，家电行业经历了市场竞争与资本布局的双重变革。空调赛道成为最热门领域，政策引导下 的多重补贴引发激烈价格战，"千元机"频现，行业均价结构性下探，不仅导致头部品牌市场份额收缩， 也让小米等新势力借机崛起，行业格局悄然生变。 资本市场方面，A股家电及消费电子企业赴港上市热潮涌动，奥克斯电气成功登陆港股，石头科技、极 米科技、视源股份等纷纷推进"H股上市"计划，以"A股+H股"双平台布局拓展融资渠道、加速全球化进 程，为行业发展注入新的资本动力，2026年行业竞争与布局或将更趋激烈。 价格战下，空调头部企业份额收缩 2025 ...

Core Insights - Alibaba's 1688 platform has reported significant improvements in merchant performance since the launch of its AI tool, with a 20% increase in buyer numbers, a 73% increase in transaction volume (GMV), and a 31% increase in repurchase rates since October [1] Group 1 - The AI tool was launched in October and has been adopted by over 290,000 merchants daily out of more than 1 million merchants on the 1688 platform as of December 30, 2025 [1]

【#美图阿里完成2.5亿美元可转债交割#】智通财经12月31日电，美图公司发布公告，宣布与阿里巴巴 签署的2.5亿美元可转债协议所有先决条件已达成，并于2025年12月31日完成交割。交割后，美图公司 已根据认购协议条款向认购人发行本金为2.5亿美元的可转股债券，拟将所得款项净额用于一般商业用 途。(智通财经) ...

Group 1 - The core point of the article is that Meitu Inc. has completed all the prerequisites for a $250 million convertible bond agreement with Alibaba, with the transaction expected to close by December 31, 2025 [1] - The net proceeds from the issuance of the convertible bonds will be used for general business purposes [1] - In a previous announcement on May 20, Meitu Inc. stated that the partnership with Alibaba would focus on strategic cooperation in e-commerce, large models, and cloud computing, aiming to create unique experiences for users on both platforms [2]