作者：Colin AI俨然大厂的"烧钱游戏"，中厂豪赌AI除了尴尬还是尴尬，昆仑万维（300418.SZ）就是其中的例子。 "All in AI"的第三年，昆仑万维交出了上市10年来的最差中报，2025年上半年实现营收37.33亿元，同比增长49.23%；实现 净亏损8.56亿元，同比扩大近120%；经营性现金流净流出5.6亿元，同比暴跌396%。 | | 本报告期 | 上年同期 | 本报告期比上年同期增减 | | --- | --- | --- | --- | | 臂壶取入(元) | 3, 733, 337, 555, 52 | 2,501,811,162,32 | 49, 23% | | 目属于上市公司股东的净利 | -855, 545, 912, 56 | =389, 136, 070, 45 | =119,86% | | 詞(元) | | | | | 妇属于上市公司股东的扣除 非经常性模型的净利润 | -859, 208, 113, 15 | -407, 394, 274, 63 | -110, 90% | | (完) | | | | | 经营活动产生的现金流量净 | -560, 457, 758, ...

Group 1 - JinkoSolar's subsidiary plans to sell 80% stake in Jinko New Materials for 80 million yuan, which will no longer be included in JinkoSolar's consolidated financial statements [1] - Zhongtai Automobile's subsidiary has been forced to dismantle its T300 vehicle assembly line, making it unable to resume production this year, leading to uncertainty in its ongoing operational capacity [1] - Springlight Technology's shareholders plan to reduce their holdings by a total of 0.68% of the company's shares between October 9, 2025, and January 8, 2026 [2] Group 2 - Sentech's energy storage and charging integration business is in the expansion phase, with its main business focusing on building-integrated photovoltaics (BIPV) and environmental remediation [3] - Qinchuan IoT plans to reduce its holdings by up to 1% of the company's shares from October 9, 2025, to January 8, 2026, with proceeds to be used for working capital [4] - Redick's shareholder plans to reduce holdings by up to 2% of the company's shares starting from September 9, 2025 [5] Group 3 - Guangxun Technology plans to raise up to 3.5 billion yuan through a private placement to fund various projects, including optical connection and high-speed optical transmission product production [8] - Shanghai Electric has terminated its acquisition of K-Electric Limited, which was planned for 1.773 billion USD, and is now focusing on investing in offshore photovoltaic and wind power projects [9][10] - Longsoft Technology's shareholder intends to transfer 1.72% of the company's shares through a non-public transfer [10] Group 4 - Amgen Pharmaceuticals' shareholders plan to reduce their holdings by a total of 6% of the company's shares between October 9, 2025, and January 8, 2026 [11] - Juhe Materials intends to acquire the blank mask business from SKE for approximately 35 million yuan to expand its semiconductor materials business [12] - Linuo Medical Packaging's shareholder plans to reduce holdings by up to 3% of the company's shares from October 9, 2025, to January 8, 2026 [13] Group 5 - Dongzhu Ecology plans to acquire 89.49% of Kairuixing Technology through a combination of share issuance and cash payment, aiming to enter the satellite communication and space information technology sector [14] - Dabeinong's controlling shareholder plans to reduce holdings by up to 1.99% of the company's shares starting from September 10, 2025 [15] - Tianji Technology is promoting the industrialization of lithium sulfide material preparation patents, currently in the early stages of development [16] Group 6 - Jing Shan Light Machine's subsidiary has secured a procurement order worth approximately 1.005 billion yuan from a leading lithium battery company [17] - Daheng Technology plans to establish a wholly-owned subsidiary with an investment of 600 million yuan to expand its semiconductor business [18]

业内首只浮动管理费医疗QDII基金发行 9月10日，业内首只浮动管理费医疗QDII基金-东方红医疗创新混合型证券投资基金（QDII）（A类 025070/C类025071）正式发行。该基金拟由基金经理江琦、高义共同担纲，托管行为浦发银行。据了 解，江琦在管的东方红医疗升级股票发起基金（A），截至9月8日年内收益率达84.26%，近一年收益率 达102.43%。（新浪财经） 知情人士：农业农村部畜牧兽医局拟于9月16日召开生猪产能调控企业座谈会 25家头部企业参会 从多个信源获悉，为贯彻今年中央一号文件要求，推动生猪产能调控措施落实落地，农业农村部畜牧兽 医局会同国家发展和改革委员会价格司拟于9月16日在北京召开生猪产能调控企业座谈会。会议邀请牧 原股份、温氏、双胞胎、新希望、德康、天邦、中粮、大北农等25家企业参会。会议将分析研判当前生 猪生产形势，交流生猪养殖企业落实产能调控要求的措施与成效，研究部署今年下半年及明年生猪产能 调控工作。（智通财经） IDC：预计2029年中国大数据总体市场规模将超730亿美元 国际数据公司（IDC）最新数据显示，2025年全球大数据IT总投资规模约为4134亿美元，2029 ...

Group 1 - Dematech won a 900 million yuan overseas smart logistics project from a well-known e-commerce giant in Latin America, focusing on intelligent logistics cross-belt sorting systems and related services [1] - Kang En Bei received approval for the registration of short-term financing bonds and medium-term notes, with a total registration amount of 1 billion yuan, valid for two years [1][2] - Zhi Xiang Jin Tai's GR1803 injection for systemic lupus erythematosus clinical trial has been approved by the National Medical Products Administration [2] Group 2 - Jin Da Wei's subsidiary received approval for a veterinary drug product, pyridone, valid from September 3, 2025, to September 2, 2030 [4] - Fu Li Wang's subsidiary plans to invest 500 million yuan in a high-end wire material project, focusing on high-strength prestressed steel strands for various applications [5] - He Li Biological's subsidiary's Class III medical device registration application has been accepted, focusing on natural bone repair materials [12] Group 3 - Lin Yang Energy won a 244 million yuan metering equipment project from Southern Power Grid, expected to positively impact its 2025 and 2026 performance [20] - Sanxia Water plans to absorb its wholly-owned subsidiary, Chongqing Changdian United Energy, with all assets and liabilities to be inherited by Sanxia Water [13] - Tian Cheng Technology canceled the use of 91 million yuan of raised funds for permanent working capital, ensuring no impact on the normal operation of investment projects [24] Group 4 - Baosteel received approval to publicly issue bonds totaling 20 billion yuan to professional investors, valid for 24 months [52] - Tian Kang Biological reported a 10.15% year-on-year increase in pig sales in August, with a total of 263,800 pigs sold [53] - Xinjiang Construction won multiple major projects totaling 4.506 billion yuan, including a 2.4 billion yuan photovoltaic hydrogen synthesis project [18]

来源：蓟门资管 2025年9月4日，由蓟门资管主办，信通院、中关村银行、进化家联合主办的"AI Agent 驱动的产业协同新范式"行业交流活动在首享科技大厦启幕。 清智资本创始合伙人张煜从投资的角度风险了Agent的发展与未来，他表示：AI产业链的全部要素，算法、算力、数据、系统、应用都有发展和投资机 会；新一代AI会重塑一切行业，以AI为核心的数字经济会成为我国长期稳定发展的支柱经济。 本次活动围绕AI Agent，汇聚AI专家学者、行业大咖、企业家及机构代表等超100位行业精英，特别设置主题分享和圆桌论坛等环节，链接行业标准制定 者、金融服务、产业龙头资源，为企业搭建"产业+服务"联动平台，助力行业交流和产业联动，共同探讨 AI Agent 在产业协同中的创新应用与发展趋势。 蓟门资管、信通院人工智能研究所、中关村银行、进化家、北京信息化协会、北京市贷款服务中心代表，清智资本、一苇资本、英诺天使基金、联想集 团、华山资本、万信融智等机构代表，亚马逊云科技、火山引擎、蓝色光标、未来式智能、极智跃维、BaseBox、万界数据、AutoCoder等企业代表出席 本次活动。 ▲蓟门资管董事长马海锋 蓟门资管董事长 ...

近日，农夫山泉创始人钟睒睒卸任杭州农夫山泉食品销售有限公司法定代表人一事引发市场关注。天眼 查APP信息显示，钟睒睒不再担任该公司法定代表人，由陈秋容接任。这是钟睒睒近年来一系列卸任动 作中的最新一例，此前他已陆续卸任多家农夫山泉关联公司的法定代表人职务。 据了解，杭州农夫山泉食品销售有限公司成立于2013年，是农夫山泉体系内重要的销售载体，主要负责 食品销售等相关业务。该公司由农夫山泉全资持股，虽然注册资本规模不大，但在集团销售网络中扮演 着重要角色。此次变更后，钟睒睒仍担任公司董事，表明他并未完全退出公司治理体系，更像是从日常 经营管理角色转变为决策监督角色。 9月8日，农夫山泉方面回复表示，此次变更基于公司正常的商业和管理考量，与公司创始人是否参与日 常经营管理无任何关联。 "公司一贯坚持规范运作和依法治理，相关调整均出于业务发展需要。"农夫山泉表示，未来，若杭州农 夫山泉食品销售有限公司在经营发展方面有任何新的进展或重大事项，公司将严格依照相关法规规定， 及时、准确地向市场和公众进行信息披露。 对于陈秋蓉担任法人后如何接任后是否会改变子公司的职能定位和发展战略等问题，农夫山泉方面并未 直接回应。 值得 ...

14只科创债ETF打响发行"闪电战"：9月12日集中亮相 科创债ETF扩容提速。9月8日晚，第二批14只科创债ETF刚刚获批，9月9日一早就发布公告，且均定档 9月12日发行。在首批科创债ETF流动性与规模双升的示范效应下，业内预计第二批科创债ETF有望重 现此前的火热发行态势。（上海证券报） 分化行情引发策略失灵 量化私募遭遇逆风 8月A股指数攻势凌厉，量化私募行业却遭遇了罕见的挫折。在科技权重股一路高歌猛进之际，超七成 量化多头产品跑输对标指数。第三方机构最新监测数据显示，截至8月31日，仅有20.83%的量化多头产 品在8月实现正超额收益（即跑赢对标指数），全行业交出了今年以来"最差"的月度答卷。业内人士 称，A股市场从8月第二周开始上演极端分化行情。科技权重股成为市场多头进攻的主力军，不断推动 指数上行。这种"指数上涨，少数权重成分股急速上涨，大量个股表现平淡"的市场结构，让持仓分散的 量化策略难以适应。（人民财讯） 全球首个文化用纸金融衍生品今日上市 经中国证监会同意，今天9点，胶版印刷纸期货将在上海期货交易所挂牌交易。胶版印刷纸期权将于今 天21点挂牌交易，这是全球首个正式上市的文化用纸期货、期权 ...

中国期货市场资金总量突破1.9万亿元 中国期货市场监控中心9月9日发布的内容显示，期货市场资金总量自7月下旬突破2023年高点后继续增 加，目前已突破1.9万亿元，成交持仓平稳增长，表现出较强的活力。今年1至8月，期货市场（含期货 交易所交易的期货和期权）累计成交量为59.7亿手，累计成交额为476.1万亿元，同比分别增长21.7%和 22.9%。8月末，全国期货市场持仓量为4909.2万手，同比增长19.8%。 上期所公布胶版印刷纸期货合约挂牌基准价 上期所：根据《上海期货交易所交易规则》等有关规定，现将胶版印刷纸期货合约上市挂牌基准价通知 如下：OP2601、OP2602、OP2603、OP2604、OP2605、OP2606、OP2607、OP2608合约的挂牌基准价 为4218元/吨。 咨询机构BCG波士顿咨询今日发布《中国载人eVTOL行业白皮书》。报告首次提出，预计到2040年， 中国eVTOL市场规模将达410亿美元，年销量约16万台。其中，个人飞行eVTOL凭借目标人群对飞行体 验、科技尝鲜和户外休闲等高端消费需求，市场规模有望达到230亿美元，占比约55%；出行eVTOL则 依托城市空中交通 ...

Group 1 - Matrix Co., Ltd. announced that its wholly-owned subsidiary, Anke Technology, introduced a strategic investor, Shenzhen Jifu New Industry Venture Capital Fund, which invested 5 million yuan for a 10% stake [1] - Heng Rui Medicine received approval from the National Medical Products Administration for its Eicosapentaenoic Acid Ethyl Ester Soft Capsule, aimed at reducing triglyceride levels in patients with severe hypertriglyceridemia [1] - Mo Gao Co., Ltd. announced the resignation of its Vice President Jin Baoshan due to job transfer [1] Group 2 - Yao Wang Technology decided to terminate two fundraising projects and will permanently supplement the remaining funds into working capital [2] - Minhe Livestock reported sales of 25.53 million chicklings in August, generating revenue of 86.41 million yuan, with year-on-year growth of 27.60% [2] - Sichuan Jinding announced the resignation of its Director and General Manager Xiong Jifeng due to personal reasons [3] Group 3 - Taiji Group received approval for clinical trials of its Semaglutide Injection, aimed at blood sugar control in type 2 diabetes patients [5] - Jieput announced plans to increase capital in its affiliate, Suidong Intelligent Technology, with an investment of 5 million yuan for a 5% stake [7] - GeLing Deep Vision's controlling shareholders committed not to reduce their shareholdings for six months starting from September 17, 2025 [8] Group 4 - Huafeng Superfiber reported the resignation of its Vice President Liu Cong due to personal reasons [9] - Xiaoming Co., Ltd. reported sales revenue of 79.90 million yuan from chicken products in August, with year-on-year growth of 11.73% [11] - Lion Head Co., Ltd. announced that its application for issuing shares and cash to acquire assets has been accepted by the Shanghai Stock Exchange [12] Group 5 - Jinlong Automobile reported a bus sales volume of 4,074 units in August, a year-on-year increase of 23.6% [43] - Metro Design signed a contract for the Ho Chi Minh City urban rail transit project in Vietnam, with a total amount of 1.754 trillion VND [45] - North New Road and Bridge announced winning a mining construction project worth 504 million yuan [28]

Group 1 - Company Chanzhan Optoelectronics plans to reduce its shareholding by up to 3%, amounting to 5.2992 million shares, from October 9, 2025, to January 8, 2026 [1] - Company SMIC's board approved the acquisition of a 49% stake in SMIC North from the National Integrated Circuit Fund, with stock resuming trading on September 9, 2025 [1] - Company Simi Media's executive plans to reduce holdings by up to 31.79 million shares, representing 0.0584% of total shares, from September 30, 2025, to December 28, 2025 [2] Group 2 - Company Lianfa plans to reduce its shareholding by up to 13.81 million shares, accounting for 0.0427% of total shares, from October 1, 2025, to December 30, 2025 [2] - Company Huada Jiutian's shareholder set a transfer price of 97.43 yuan per share for a stake transfer [3] - Company Guangli Technology's actual controller plans to reduce holdings by up to 2%, totaling 7.0279 million shares, within three months from the announcement date [5] Group 3 - Company Sanchuan Wisdom plans to reduce its shareholding by up to 3%, amounting to 31.201 million shares, from September 30, 2025, to December 29, 2025 [5] - Company Jinling Sports' shareholders plan to reduce their holdings by a total of 1.45%, with specific reductions of 2 million shares and 39,000 shares, from September 30, 2025, to December 29, 2025 [5] - Company Aoyang Health's controlling shareholder is planning a potential change in control, leading to a stock suspension starting September 9, 2025 [6][7] Group 4 - Company *ST Huicheng's stock will have other risk warnings removed starting September 9, 2025, but will still face delisting risk [8] - Company Jinli Yongci plans to reduce its shareholding by up to 1%, totaling 13.6847 million shares, from September 30, 2025, to December 29, 2025 [10] - Company Guhigh Technology's two shareholders plan to reduce their holdings by a total of 1.51%, with specific reductions of 4.4 million shares and 1.655 million shares [10] Group 5 - Company Lian Technology plans to reduce its shareholding by up to 3%, amounting to 13.8089 million shares, from September 30, 2025, to December 29, 2025 [12] - Company Qian Zhao Optoelectronics' major shareholders decided to terminate their previous reduction plan and commit not to sell shares before December 31, 2025 [12] - Company Siwei Tuxin is planning to participate in a new round of financing for PhiGent Robotics Limited [12] Group 6 - Company Ruian Gene appointed Gao Shangxian as chairman and general manager following the resignation of the previous chairman [14] - Company Hefei Urban Construction plans to jointly invest with China Real Estate Development Hefei to establish a new company for property development [14] - Company Oufei Guang intends to issue shares to acquire a 28.25% stake in Oufei Microelectronics for 1.791 billion yuan [16]