Splash Damage代表作包括了《德军总部：敌区》、《战争机器：战术小队》，并且曾与微软合作开发《战争机器4》《战争机器5》以及其他游戏的多人模 式。 2020年底，Splash Damage工作室被腾讯收购，在被腾讯收购之前，Splash Damage推出了《Outcasters》，该作品为截至目前Splash Damage推出的最新作品。 换言之，Splash Damage工作室在被腾讯收购后并未推出任何一款新作。不仅如此，今年初，Splash Damage开发多年的《变形金刚：重新激活》终止开发。 此外，在两个月前，Splash Damage正式宣布已被私募股权投资者收购。 英国知名的多人游戏厂商Splash Damage近期曝出了裁员消息。Splash Damage表示：正在"进入一项影响所有岗位的全工作室咨询程序"。 这并非腾讯旗下的海外工作室首次裁员。不久前，腾讯旗下的Sharkmob工作室表示，因"组织架构调整"将裁减部分员工，裁员是为了"将资源集中在 《Exoborne》的持续开发上"。 Sharkmob工作室由育碧Massive工作室前主创人员Fredrik Rundqvist创立，总 ...

作者：七佰 资本市场上从来不缺"白衣骑士"，当然也不缺"野蛮人"。 不过，"白衣骑士"突然变身"野蛮人"的事件，却比较罕见。 近期，就有一例本是纾困合作却最终对簿公堂的资本闹剧。 8月中旬，华创证券母公司华创云信发布公告称，华创证券因纾困计划及股票质押即借贷纠纷，起诉贵州百灵控股股东姜伟及其一致行动人姜勇、张锦芬等 （下称"姜伟等"），涉案金额包括纾困计划本金14亿元和股票质押融资本金3.61亿元及固定收益、违约金等相关费用。 随后，姜伟提起反诉，要求华创证券继续履约，将其所持贵州百灵1.6亿股纾困股份全部出售，并赔偿因其恶意举报等违法行为给贵州百灵和姜伟造成的股 票跌价损失等。 六年前资本市场的佳话，如今却成了"笑话"。 故事的开头越美好，结局往往越残酷 成立于1999年的贵州百灵，在2010年以"苗药第一股"的身份登陆A股。此后，数年间贵州百灵经营规模和业绩持续攀升，其股价节节上升，更是几次将实控 人姜伟家族推上贵州首富宝座。 达则兼济天下，起家于安顺的贵州百灵在有了不错的业绩之后，也开始积极响应贵州省脱贫攻坚战略。 自2012 年起，姜伟先后通过申万宏源证券、招商证券、长江证券、天风证券等多家券商机构进 ...

Group 1 - The core point of the article is that AAC Technologies (02018.HK) has announced the acquisition of shares and other equity securities of Dispelix Oy, a leading company in AR diffraction waveguide technology, with the transaction expected to be completed in the first half of 2026, making Dispelix a subsidiary of AAC Technologies [2][6] Group 2 - Dispelix is a Finnish company focused on AR display solutions based on diffraction waveguides, with core technologies including single-layer waveguide design, high light transmittance, and high-contrast optical architecture, as well as semiconductor process-compatible technologies for large-scale production [5] - AAC Technologies and Dispelix have established a long-term strategic partnership, leveraging Dispelix's expertise in waveguide design and manufacturing alongside AAC Technologies' experience in optics, precision manufacturing, and system-level integration, potentially achieving synergistic effects [5] - Both companies have collaborated with several leading original equipment manufacturers (OEMs) to develop the next generation of AR devices and are also working with top global mobile terminal ecosystem builders on next-generation XR reference design hardware platforms [5] Group 3 - AAC Technologies primarily provides perception experience solutions, with divisions including acoustic products, speaker electromagnetic transmission and precision components, optical products, PSS automotive and consumer acoustic products, sensors and semiconductor products, and other product divisions [5] - According to the mid-2025 performance report, AAC Technologies achieved revenue of 13.32 billion yuan in the first half of the year, representing a year-on-year increase of 18.4%, with net profit reaching 876 million yuan, a significant year-on-year growth of 63.1%, and a gross margin of 20.7%, down 0.8 percentage points year-on-year, while the net profit margin was 6.6%, an increase of 1.8 percentage points [5]

接口对接如下: 接口 alibaba.ascp.logistics 一、背景说明 为规范物流资源管理,平 再可使用POST资源进行: 二、优化方案 请各位开发者朋友尽快通 列表。此次更新不涉及接 编码。 如资源下线后仍在继续使 【POST资源已下线,请 .11.6 ± L B/nh 业务片生影响。 之前，淘天平台于10月发布了关于淘天平台邮政CP CODE资源优化的公告。公告称，为规范物流资源管理，平台于2025年11月20日下线 POST(中国邮政集 团公司)物流资源，后续将不可再使用POST资源进行发货。 该公告发布后，不知是否为专业名词混淆的原因，令人一度理解为淘系平台不能再用邮政快递发货了，从而引发了舆论广泛关注。经过查询后，这次淘天平 台资源下线其实是涉及编码为POST的物流资源，商户仍可以使用邮政发货，只不过使用的是POSTB【邮政快递包裹】、EYB【邮政电商标快】以及EMS发 货。 这次淘天平台资源下线其实仅涉及编码为POST的物流资源，并不代表不可以使用邮政快递发货。如商户后续仍需使用邮政发货，则可使用POSTB【邮政快 递包裹】、EYB【邮政电商标快】以及EMS发货。 若资源下线后仍使用原P ...

Core Viewpoint - Hu Silicon Industry has completed the acquisition of minority stakes in three semiconductor companies, enhancing its position in the 300mm silicon wafer market and aiming for better resource allocation and industry chain synergy [2][4]. Group 1: Transaction Details - The total transaction value for acquiring stakes in Shanghai Xinxing Crystal Technology Co., Ltd., Shanghai Xinxing Crystal Semiconductor Technology Co., Ltd., and Shanghai Xinxing Crystal Rui Semiconductor Technology Co., Ltd. is approximately 7.04 billion yuan [4]. - Hu Silicon plans to issue about 447.4 million shares at a price of 15.01 yuan per share, with a total fundraising amount not exceeding 2.105 billion yuan [4]. - Post-transaction, Hu Silicon will hold 100% equity in the three acquired companies, which is expected to optimize its internal resource allocation [4]. Group 2: Financial Performance - For the first three quarters of 2025, Hu Silicon reported a revenue of 2.641 billion yuan, a year-on-year increase of 6.56%, but incurred a net loss of 631 million yuan [5]. - In Q3, the revenue was 944 million yuan, reflecting a 3.79% year-on-year growth, while the net loss was 265 million yuan [5]. - The sales volume of 300mm silicon wafers increased by over 30% year-on-year, but the average selling price remains under pressure, leading to a revenue increase of about 16% for this segment [5]. Group 3: Operational Challenges - The company faced a significant cash outflow of approximately 827 million yuan in operating activities, an increase of about 36.96% compared to the previous year, primarily due to reduced operating profits and increased inventory [6]. - The semiconductor wafer industry is capital-intensive, and the newly acquired companies, established in 2022, may impose financial pressures due to high fixed asset investments and depreciation [5].

招股书显示，天瞳威视是中国领先的以软件为核心的智能驾驶解决方案提供商，业务覆盖从L2-L2+级到L4级的全系列智能驾驶解决方案。 近日，苏州天瞳威视电子科技股份有限公司（以下简称"天瞳威视"）向港交所递交上市申请书，由中银国际、汇丰、华泰金融控股（香港）联席保荐。 天瞳威视的股东背景堪称豪华，吸引了采埃孚、上汽集团、北汽集团、英伟达、中国联通等产业巨头和知名机构投资。其中，全球汽车零部件巨头采埃孚作 为战略股东、客户及供应商，其入股过程尤为引人注目。招股书披露，采埃孚2021年以远低于同期增资的价格受让了部分老股，目前其持股价值已浮盈近4 亿元。此外，IPO前，包括北汽产投、联通旗下基金在内的多家老股东进行了股权转让，转让价格普遍低于后续D轮融资的入股成本。 财务数据显示，天瞳威视营收增长迅速，从2022年的1.72亿元增至2024年的4.83亿元，复合年增长率达67.7%。2025年上半年营收同比大增182.1%至1.57亿 元。然而，天瞳威视目前仍处于亏损状态，2022年至2025年上半年累计净亏损超过12亿元。 创始人兼CEO王曦作为天瞳威视的核心人物，通过直接和间接方式合计控制41.61%的股份。招股 ...

华来科技主要产品包括智能摄像机、智能可视门铃、智能传感器等。根据招股说明书披露的数据，2022-2024年，华来科技营业收入分别为8.82亿元、10.42 亿元和8.87亿元，归母净利润分别为7242万元、8067万元和8252万元。 近期，天津华来科技股份有限公司（以下简称"华来科技"）北交所IPO获受理，保荐机构为国投证券。 华来科技2025年一季度的业绩波动进一步印证了这种风险。受当时美国加征关税政策的影响，华来科技的美国客户暂缓了采购，导致华来科技当季营收同比 下降27.96%至1.44亿元，净利润同比下降33.96%至897.73万元。这与华来科技高度依赖境外市场，特别是美国市场密切相关。2022-2024年，华来科技境外销 售收入占比均在71%以上，其中来自美国的收入占比超过60%。 值得注意的是，2022-2024年，华来科技因外币结算产生的汇兑收益和进行现金管理获得的利息净收入合计金额可观，分别达到1982.62万元、810.97万元和 3667.09万元，占同期利润总额的比例分别为24.73%、9.12%和38.22%。 这意味着华来科技的利润有相当一部分并非完全来自主营业务的经营成果，汇率 ...

Core Viewpoint - XianGong Intelligent Technology Co., Ltd. has officially initiated its IPO process by submitting a prospectus to the Hong Kong Stock Exchange, marking a significant step in its growth trajectory [2] Company Overview - Founded in 2020, XianGong Intelligent specializes in robot controllers and supporting software systems, providing a comprehensive "controller + software + robot" solution [4] - The company has shown consistent revenue growth over the past three years, with revenues of 184 million, 249 million, and 339 million yuan for the years 2022, 2023, and 2024 respectively [4] - The gross profits for the same years were 86.29 million, 122 million, and 156 million yuan, indicating a strong market presence [4] Market Potential - The global smart robot market is on the verge of explosive growth, with projections estimating the market size to reach 277.8 billion yuan in 2024 and 708.5 billion yuan by 2029 [4] Product Performance - XianGong's core product, the SRC series controller, has ranked among the top sellers in the global robot controller market for two consecutive years [4] Financial Challenges - Despite leading in sales, XianGong has not yet established a profitable business model, with net losses of 32.26 million, 47.7 million, and 42.31 million yuan from 2022 to 2024 [4] - The company's gross margins have shown fluctuations, recorded at 46.8%, 49.2%, and 45.9% for the years 2022, 2023, and 2024 respectively [4] Inventory Concerns - XianGong is currently facing inventory pressure, with year-end inventory balances of 94 million, 85.3 million, and 94.9 million yuan from 2022 to 2024 [5] - The inventory turnover days have decreased from 292 days in 2022 to 186 days in 2024, while the inventory impairment provision has increased from 1.2 million to 4.9 million yuan during the same period [5] - High inventory levels could pose a risk of impairment if not efficiently managed, especially during the rapid development phase of the robotics industry [5]

近日，河南嘉晨智能控制股份有限公司（以下简称"嘉晨智能"）收到北交所第二轮审核问询函，涉及关联交易合理性及价格公允性、自制电机控制器产品的 产销情况、业绩增长合理性及期后下滑风险等问题。 | 代码 | 874302 | 简称 | 嘉晨智能 | | --- | --- | --- | --- | | 公司全称 | 河南嘉晨智能控制股份有限公司 | 受理日期 | 2025-06-19 | | 审核状态 | 已问询 | 更新日期 | 2025-11-25 | | 保荐机构 | 中国国际金融股份有限公司 | 保荐代表人 | 魏德俊,杨曦 | | 会计师事务所 | 天健会计师事务所(特殊普通合伙) | 签字会计师 | 黄元喜,朱逸宁 | | 律师事务所 | 上海锦天城律师事务所 | 签字律师 | 胡艺俊,张优悠 | | 评估机构 | 万邦资产评估有限公司 | 签字评估师 | 程超,余洁 | 来源：公告 嘉晨智能成立于2009年，主要从事电气控制系统产品及整体解决方案的研发、生产和销售，主要产品包括电机驱动控制系统、整机控制系统和车联网产品及 应用等，主要用于工业车辆、工程机械、场地车、移动机器人等领域。嘉晨智能此次IP ...

Group 1 - Aigo Holdings Limited has submitted an updated financial data prospectus to the SEC and has initiated its IPO roadshow, aiming to list on NASDAQ with a share price between $4-6, targeting to raise $8-12 million, which would give it a market valuation of $335 million at the midpoint of the price range [2] - The core operating company, AIGOSTAR, was established in 2009, initially focusing on sales of printer consumables and lighting products, and has expanded its global marketing network through subsidiaries [4] - Aigo Holdings' main business includes R&D and export of LED lighting, smart home products, small appliances, and pet supplies, with brands like AIGOSTAR and NOBLEZA, primarily selling to the European and American markets [5] Group 2 - In terms of performance, Aigo Holdings reported revenues of €151.2 million and €177.8 million for 2023 and 2024 respectively, with gross profits of €75 million and €86 million, and gross margins of 49.90% and 48.34% [5] - For the first half of 2025, the company experienced a slight revenue decline of 3% to €74 million, with gross profit down 4.62% to €35 million and a gross margin decrease to 47.20%, while net profit improved to €9.5 million from a loss of €0.3 million in the same period of 2024 [5] - Aigo Holdings' profitability improvements were not solely from core business contributions, as external factors like currency fluctuations significantly impacted financial results, with a notable increase in other operating income due to the appreciation of the Euro [6]