新京报贝壳财经讯 12月5日，正虹科技公告，公司2025年11月销售生猪0.40万头，销售收入451.96万 元，环比变动销量减少1.54%、销售收入增加4.61%。同比变动分别减少21.83%、53.97%。2025年1-11 月份，公司累计销售生猪11.22万头，累计销售收入1.52亿元，同比变动分别增加51.27%、17.12%。 ...

Core Viewpoint - The upcoming Central Economic Work Conference is crucial for setting the direction of China's macroeconomic policies, particularly as it marks the transition from the "14th Five-Year Plan" to the "15th Five-Year Plan" [1] Group 1: Economic Goals and Policy Directions - The conference will focus on three main lines: stabilizing growth, promoting transformation, and preventing risks, addressing structural contradictions in the economy and fostering new productive forces [2] - The macroeconomic targets for 2026 include a GDP growth rate of around 5%, creation of over 12 million urban jobs, controlling the unemployment rate below 5.5%, and keeping CPI growth within 3% [2] - The conference aims to ensure that residents' disposable income growth aligns with GDP growth, enhancing consumption capacity while effectively managing risks in key areas such as real estate and local debt [2] Group 2: Policy Framework - The overall policy tone will emphasize stable macro policies, active micro policies, and social policies that provide a safety net, with a focus on a more proactive macro policy mix [3] - Fiscal policy will aim to enhance quality and efficiency, with an expected deficit rate maintained at around 4%, and the issuance of special bonds to support key areas [5] - Monetary policy is expected to remain flexible and precise, with potential for interest rate cuts and targeted lending to lower financing costs [3][6] Group 3: Consumption and Domestic Demand - The conference will prioritize boosting consumption and expanding domestic demand, with a focus on enhancing the role of domestic circulation in economic growth [8] - The automotive industry, as a pillar of the national economy, will play a significant role in driving economic structure adjustments through its transition towards intelligence and sustainability [8] Group 4: Technological Innovation and Industry Development - The conference will highlight the importance of technology and industry, aiming to build a modern industrial system centered on advanced manufacturing [9] - Policies will promote the intelligent and green transformation of traditional industries and accelerate the development of strategic emerging industry clusters [9]

Core Points - The company "Moore Threads" has officially listed on the Shanghai Stock Exchange's Sci-Tech Innovation Board, becoming the first fully functional GPU company in China to go public [3][5] - The IPO process was notably swift, taking only 88 days from acceptance to approval, marking it as the fastest in the Sci-Tech Innovation Board since 2022 [2] - On its first trading day, the stock surged by 468%, reaching a peak price of 688 CNY, resulting in significant profits for investors [4][9] Company Overview - Moore Threads was founded in October 2020 and has achieved a significant milestone with its recent IPO, indicating a new phase of development for the company [11] - The company has successfully mass-produced five chips and iterated four generations of GPU architecture, establishing a comprehensive product matrix that supports various computing acceleration needs [12] - As of June 2025, Moore Threads has obtained 514 authorized patents, positioning it among the leading domestic GPU companies in terms of intellectual property [12] Financial Performance - Despite the successful IPO, Moore Threads has not yet turned a profit, with projected net losses of approximately 18.94 billion CNY in 2022, 17.03 billion CNY in 2023, and 16.18 billion CNY in 2024 [13] - The company has invested over 4.3 billion CNY in research and development from 2022 to June 2025, with over 77% of its workforce dedicated to R&D [13] Market Position - Moore Threads is often referred to as the "Chinese version of NVIDIA," being the only domestic GPU manufacturer with deep engagement in both B-end and C-end markets [15] - The company aims to create an "AI super factory" to continuously produce advanced models, positioning itself strategically in the AI computing landscape [14] Institutional Interest - Over 200 institutions participated in the IPO, with a total allocation of 23.24 million shares, amounting to 2.656 billion CNY [17] - The strong interest from public and private equity firms reflects confidence in the company's growth potential and the strategic value of the domestic high-end GPU industry [18]

Core Viewpoint - Naxin Micro has announced the final price for its H-share issuance at HKD 116 per share, with the shares expected to be listed and start trading on the Hong Kong Stock Exchange on December 8, 2025 [1] Company Overview - Naxin Micro is a high-performance and high-reliability analog and mixed-signal chip company, focusing on three main areas: sensors, signal chains, and power management [1] - The company provides semiconductor products and solutions for various sectors, including automotive, industrial, information communications, and consumer electronics [1]

编辑 杨娟娟 新京报贝壳财经讯 12月4日，中威电子发布公告称，公司于2025年12月4日收到公司控股股东新乡市新 投产业并购投资基金壹号合伙企业（有限合伙）的通知，获悉其正在筹划公司控制权变更相关事宜，该 事项可能导致公司实际控制人发生变更。为保证公平信息披露，维护投资者利益，公司股票自2025年12 月5日上午开市起停牌，预计停牌时间不超过2个交易日。 ...

新京报贝壳财经讯（记者罗亦丹）12月5日，豆包手机助手发布《关于调整AI操作手机能力的说明》， 称计划在接下来的一段时间，在部分场景，对AI操作手机的能力做一些规范化调整。还强调，将积极 与各方沟通，希望推动形成更加清晰、可预期的规则，避免用一刀切的方式否定用户合理使用AI的权 利。 编辑 杨娟娟 校对 陈荻雁 在这次的公告中，豆包手机助手表示，为在技术发展、行业接受度和用户体验之间做好良性适配，豆包 手机助手将对部分能力做一些规范化调整。 据官方说明，豆包手机助手调整主要涉及三类场景：一是限制在各类App中用于刷分、刷激励的自动操 作能力，以尊重厂商鼓励"真实用户主动交互"的初衷；二是进一步限制银行、互联网支付等金融类应用 的代操作能力；三是对涉及竞技排名的部分游戏场景暂停开放AI使用，维护公平性。 作为新事物，豆包手机助手预览版在上线后，引发了广泛的社会关注。但在正式上线后，有用户反馈在 使用"操作手机功能"使用部分第三方产品时会被限制登录。 ...

编辑 杨娟娟 新京报贝壳财经讯 12月4日，东阿阿胶发布公告称，基于对未来发展的信心和对公司内在价值的认可， 为维护广大投资者利益、增强投资者信心，进一步提升公司价值，在考虑经营情况和财务状况的基础 上，公司拟以自有资金通过二级市场回购公司股份，拟回购金额不超过2亿元（含），不低于1亿元 （含）。本次回购股份将用于注销并减少公司注册资本。 ...

Core Viewpoint - The 2025 Shanghai Esports Master Tournament will take place from December 4 to 7 at the Jing'an Sports Center, offering an immersive experience for esports enthusiasts both online and offline [1]. Group 1: Event Details - The tournament will feature four competitive games: "Decisive Peak," "Valorant," "Overwatch," and "Identity V," which will be integrated into iconic Shanghai landmarks, showcasing the deep connection with the city [1]. - International representation is highlighted with players from Mongolia participating in "Decisive Peak," and a player from BLG in "Valorant" received enthusiastic applause from the audience [1]. - The event's promotional activities began in late November, with flags featuring the tournament's branding appearing in areas like Nanjing West Road and around the venue [1]. Group 2: Ticket Sales and Broadcasting - Tickets for the most popular events sold out within seconds on the opening day of sales, November 21 [1]. - In addition to live attendance, the tournament will be broadcasted in real-time across multiple platforms, including Douyu, Bilibili, Douyin, WeChat Video, Tencent, and Leisu Sports [1]. Group 3: Organizational Support - The tournament is organized by the Shanghai Sports Bureau and the Jing'an District People's Government, with support from the Shanghai Municipal Culture and Tourism Bureau [2]. - Various organizations, including the Shanghai Sports Technology Management Center and the Shanghai Esports Association, are involved in the event's execution, with NEOTV providing full presentation support [2]. - Sponsors such as Pepsi and TGIF are ensuring comprehensive support for the event [2].

Core Points - The new national standard for electric bicycles has raised concerns regarding the inadequacy of certain product features such as saddles, rear racks, and mirrors, which do not meet consumer needs effectively [1] - The Ministry of Industry and Information Technology indicated that some companies have not fully understood the new standards, leading to designs that lack consideration for user experience [1] - The primary goal of the revised standards is to reduce safety hazards related to fires and traffic accidents while enhancing functionality, diversity, comfort, and convenience of electric bicycles [1] - Over 100 companies have had more than 600 models certified under the CCC, with most products reportedly meeting consumer demands [1] - The Ministry is guiding companies to optimize product designs and accelerate the production of satisfactory electric bicycles [2] Industry Response - The Ministry of Industry and Information Technology will continue to monitor consumer feedback on electric bicycle products [2] - There is an emphasis on encouraging manufacturers to improve product research and development and increase the market supply of new standard models to better meet consumer travel needs [2]

Core Viewpoint - The "Action Plan" aims to accelerate the high-quality development of the Beijing Olympic Center Area from 2025 to 2027, leveraging its unique "dual Olympic" status to enhance regional development and create a new consumer space in the capital [1][2]. Group 1: Action Plan Overview - The "Action Plan" will focus on four major actions: updating consumer formats, promoting industrial integration, enhancing urban renewal, and improving carrying capacity [3]. - By 2027, the plan aims to revitalize historical and governmental function nodes, establishing the area as a must-visit destination for domestic and international tourists [2][3]. Group 2: Role of State-Owned Enterprises - State-owned enterprises (SOEs) are identified as key players in supporting the high-quality development of the Olympic Center Area, managing 19 large assets that facilitate various functions including culture, commerce, tourism, and sports [3]. - The SOEs will collaborate with the municipal development and reform commission and local governments to enhance asset quality and brand image, promoting innovative consumer scenarios [3]. Group 3: Sports and Events Development - Over the next five years, the plan includes the development of an internationally influential event system based on the "Double Olympic 100" event framework, aiming to enhance the professionalism and impact of major events [3][4]. - The Olympic Center Area is targeted to become a primary venue for international sports events, fostering a diverse sports ecosystem [3]. Group 4: Urban and Infrastructure Development - The Chaoyang District government will focus on urban renewal, event empowerment, and service assurance to implement the "Action Plan" effectively [6]. - High-quality project construction will lead to the upgrade of public areas and venue facilities, enhancing the region's comprehensive carrying capacity and industrial development level [6]. Group 5: Innovation and Technology Initiatives - The Beijing Olympic Center Area will establish a Robot Innovation Park, with a focus on five functional areas including a training base for humanoid robots and an international cooperation base [6][7]. - The goal is to create a globally influential hub for robot innovation by 2035, with a series of benchmark platforms and replicable scenario systems by 2030 [7].