来源丨凤凰网《风暴眼》 作者丨李小白 王天昱 爱泼斯坦离奇身亡已逾五年，由他引爆的西方权贵性交易黑幕风暴，非但没有随时间消散，反而层层翻涌、愈演愈烈。 特朗普、英国安德鲁王子的旧嫌未消，马斯克、比尔・盖茨等西方名流又被曝卷入其中，一张盘根错节、横跨政商文娱的隐秘关系网浮出水面，持续 叩击着公众对真相的期待。 凤凰网《风暴眼》梳理发现，尽管美国司法部对外宣称，已完成相关文件的全面识别与审查，官方调查就此宣告终结，但民主党方面始终坚称，司法 部仍扣留有约 250 万份爱泼斯坦案相关文件，且未给出任何合理的封存理由。 重重遮掩之下，真相似乎依旧在黑暗中沉默。 01 卷入其中的商业巨头：药、"礼物"与"女眷团" 根据已披露的文件内容，爱泼斯坦案件牵涉了多位来自政治、商业、科技等领域的知名人物。《纽约时报》及《 BBC 》 曝光了大量细节。 商业领域，涉及的人物颇为重磅。 2013 年 7 月 18 日的两封看似由爱泼斯坦起草的电邮，但目前尚不清楚它们是否真实，是否曾寄给微软共同创办 人比尔・盖茨。 其中一封电邮，内容抱怨必须为盖茨取得药物，以 " 处理与俄罗斯女孩发生性行为后的后果 " 。另一封 邮件抱怨盖茨结束了彼 ...

Core Viewpoint - Yonghui Supermarket has reported a projected net loss of 2.14 billion yuan for 2025, marking a 45.6% year-on-year increase, and has faced losses for five consecutive years, raising concerns about its future amidst significant operational strategy adjustments [2][7]. Group 1: Company Background and Growth - Yonghui Supermarket was founded in 1995 by Zhang Xuansong and Zhang Xuanning, starting with a micro-profit model and officially launching the Yonghui brand in 1998 [3]. - The company gained momentum in 2000 by capitalizing on the "Agricultural Reform Supermarket" policy, leading to rapid growth and recognition as a pioneer in the sector [3]. - By 2010, Yonghui became the first fresh food stock listed on the Shanghai Stock Exchange, and by 2020, it achieved a record revenue of 93.2 billion yuan, marking its entry into the "thousand-store era" [6]. Group 2: Recent Challenges and Strategic Shifts - Despite its past successes, Yonghui has entered a prolonged period of losses, with figures of 3.944 billion yuan in 2021, 2.763 billion yuan in 2022, and projected losses of 2.14 billion yuan for 2025 [6][7]. - The company initiated a comprehensive transformation called "Fat Reform" in 2024, aiming to revamp its business model by learning from competitors, but this has led to significant financial strain, including a direct loss of 1.2 billion yuan from store adjustments [6][10]. - As of 2025, Yonghui has deeply adjusted 315 stores and closed 381, indicating a significant restructuring effort [9]. Group 3: Market Dynamics and Competitive Landscape - The retail landscape has shifted dramatically, with the rise of e-commerce and community group buying, which has eroded Yonghui's traditional advantages in fresh food retail [10][11]. - The company is caught in a "middle ground," unable to compete on price like discount stores or offer unique experiences like premium retailers, leading to a decline in customer traffic [12]. - The competitive environment has seen traditional players like Walmart and Hema rise, while Yonghui has slipped in market rankings, highlighting the challenges faced by conventional supermarket models [18]. Group 4: Future Directions and Strategic Imperatives - Yonghui's transformation should focus on establishing itself as an indispensable shopping destination rather than merely imitating successful models [17][20]. - The company must identify unique value propositions that resonate with consumers, such as emotional connections, localized offerings, or enhanced shopping experiences, to regain market relevance [20]. - The path forward requires a deep understanding of consumer behavior and market changes, as traditional retail continues to evolve [20].

来源丨凤凰网财经《 IPO观察哨》 近日， 上海鑫谊麟禾科技股份有限公司（下称 "鑫谊麟禾"）向港交所递交申请，拟主板上市，华泰国际为其独家保荐人。 资料显示，鑫谊麟禾成立于 2013年9月，是一家宣称结合数字交易平台与MRO产品自主制造能力的综合工业集团，主营业务聚焦于为中国及海外客 户提供MRO产品供应服务，依托端到端的专有数字基础设施及全国性的仓储、配送网络，连接上游供应商与下游客户，试图提升MRO供应链的交易 及流通效率。 公司业务主要分为两大板块，即数字平台业务与制造业务。其中，数字平台业务以 2015年上线的自营平台"锐锢商城"为核心，搭配移动小程序矩 阵，为工业买家提供一站式在线采购服务，收入主要来源于产品销售、佣金及其他相关服务费；制造业务则并非有机增长而来，而是通过2023年至 2024年的两起战略收购逐步搭建——2023年公司以约1.01亿元代价收购上海和宗82%股权，2024年以3亿元代价收购浙江明磊部分股权并实现控 制，制造业务主要以OEM/ODM模式服务海外品牌客户。 与此同时，公司经营活动现金流量净额持续为负， 2023年至2025年前九月分别为-2.47亿元、-0.9亿元及-2. ...

Group 1 - The article highlights the significant investment activities of Chinese billionaire trader Bian Ximing, who has made substantial profits from gold trading and is now focusing on silver, holding a short position valued at nearly $300 million [1][3]. - Since early 2022, Bian has reportedly earned close to $3 billion by going long on gold contracts at the Shanghai Futures Exchange, establishing himself as a major player in the precious metals market [1][3]. - Bian's current silver short position amounts to approximately 450 tons, equivalent to 30,000 contracts, and has generated a floating profit of about 2.88 million USD due to a recent drop in silver prices [1][5]. Group 2 - Data from the exchange indicates that Bian began increasing his silver short positions through his brokerage, Zhongcai Futures, starting from the last week of January [3][5]. - On January 28, Zhongcai Futures' silver short positions surged to around 18,000 contracts, further climbing to approximately 28,000 contracts by January 30, coinciding with a historical peak in silver prices [5].

老饕朋友们， 放下你手里那些还行的口粮红酒！ 这次咱挖到 葡萄酒圈的"宝"了 ！！ 深耕葡萄酒供应链10年、喝过N款名庄，今天这批 杰森巴顿嘉隆90年老藤纪念版干红 ， 无论品质还是价格，都闪花了我的眼…… 真正的线下款"稀客"货源！ 专供大型烟酒店，走单位礼品采购渠道，卖超高溢价的高端酒！ 1 瓶采购价一般都是 488 元～688 元，数量不多所以供不应求， 直到遇上了这两年礼品渠道断崖 萎缩，剩下几百瓶库存着急清货货款，才会以极低的价格流到线上。 和一个多月前抢到的那批「稀缺桃红葡萄酒」一样…… 当时的推文 真正的高品质货源，卖完就真的没有了 （不说按价格不可能这么低，哪怕高价卖，找海外酒庄订 货、包装、通关、海运、清关、入仓……一套下来至少6 个月起） 还有买过的朋友在后台问，桃红还有吗，售罄了真的售罄了…… 酒体结构感、复杂度、陈年潜力，都是普通酒的几倍以上！ 而90年老藤 本身就是稀缺资源 ， 每年产量少之又少！ 所以这酒 一瓶一码！ 不仅能 证明酒的正品身份 ，还让 每一瓶酒都成为独一无二的收藏品 。 随着老藤树龄的增长， 原料会越来越少见 ，成本每年都在提高。 而这次的这款酒，更为难得！ 这可是 ...

Core Viewpoint - The competition for the title of "king of drugs" in the GLP-1 market is intensifying between Eli Lilly and Novo Nordisk, driven by the explosive growth of GLP-1 drugs globally [2][7]. Group 1: Financial Performance - Eli Lilly reported total revenue of $65.179 billion for the year 2025, a 44% increase year-over-year at constant exchange rates [2][3]. - The key driver of this growth was the GLP-1 drug tirzepatide, which contributed $36.5 billion in revenue (approximately 253.4 billion yuan) [2][4]. - Eli Lilly's fourth-quarter revenue reached $19.29 billion, a 43% year-over-year increase, with a net profit of $20.64 billion, up 95% [3][4]. Group 2: Market Dynamics - The GLP-1 market is currently dominated by Eli Lilly and Novo Nordisk, with combined revenues approaching $50 billion in 2024 [7]. - Eli Lilly's tirzepatide is positioned to capture both diabetes and obesity markets, with Zepbound showing a significant sales growth of 175% in the obesity indication, indicating a larger potential market compared to diabetes [2][4]. Group 3: Competitive Landscape - Competitors are accelerating their efforts, with Novo Nordisk advancing next-generation oral GLP-1 drugs and other companies like Amgen and Pfizer developing small-molecule GLP-1 receptor agonists [3][12]. - Eli Lilly is facing increasing pricing pressure, with both Eli Lilly and Novo Nordisk planning to reduce prices for their GLP-1 drugs starting November 2025 [12]. Group 4: Future Outlook - The GLP-1 market is transitioning from a "blue ocean" to a highly competitive landscape, with projected sales of obesity drugs expected to exceed $17 billion by 2031, growing at a compound annual growth rate of 15.6% [13]. - The competition will focus on enhancing efficacy, improving delivery convenience, ensuring price accessibility, and expanding indications, indicating that the battle between Eli Lilly and Novo Nordisk is just beginning [13].

来源丨国际财闻汇 传奇投资者瑞・达利欧（Ray Dalio）警告称，在地缘政治紧张局势持续发酵、资本市场波动加剧的背景下，世界正处于资本战争的边缘。黄金将是 最佳避风港，其价值不由短期涨跌决定，而在于对投资组合的风险分散作用。 达利欧在世界政府峰会上接受CNBC采访时表示，全球已濒临资本战争的边缘——所谓资本战争，是指资金被武器化，各国通过贸易禁运、封锁资本 市场准入、将债务持有权作为杠杆等手段展开博弈。 "我们正站在边缘，"达利欧称，"这意味着尚未陷入资本战争，但已离其非常近；而由于各方相互的担忧，我们极易跨过这道门槛，跌入资本战争的 泥潭。" 他援引了近期特朗普政府推动将丹麦属地格陵兰岛纳入美国管控引发的紧张局势升级，作为这一观点的佐证。 达利欧警示，持有美元计价资产的欧洲投资者正心生"担忧"，他们害怕自身可能遭到制裁；而"美国方面也会产生相应的担忧，担心无法获得欧洲的 资本流入，或是欧洲不再增持美国资产"。 达利欧补充称，从历史来看，资本战争中往往会出现外汇管制、资本管制等措施；而主权财富基金、各国央行这类机构，目前已在为应对此类管制做 出"准备安排"。 达利欧指出，回顾历史，资本战争往往围绕重大冲突展 ...

来源丨凤凰网财经《公司研究院》 走过四十载风雨历程，巨力索具在资本市场迎来了一场特殊的 "生日献礼"—— 受益于商业航天、深海系泊等热门概念加持，公司股价年内涨幅超 90%，动态市盈率逼近千倍。 然而，在这场看似热闹的资本盛宴背后，这家上市 15 年的老牌企业却暗藏多重隐忧。 净利润累计不足 7 亿，不及实控人杨氏家族这些年套现金额的四分之一。此外，高负债、应收账款高企、现金流持续失血的财务压力日益凸显，叠加 股权质押、监管处罚等多重风险，股价狂欢与经营困境形成刺眼反差。 四十而 "惑" 的巨力索具，正站在概念泡沫与基本面考验的十字路口。 01 商业航天概念催生股价狂欢 这家走过40周年的老牌索具企业，核心现状是"概念热、股价涨、风险藏"。受益于"商业航天""深海系泊"等热门概念加持，公司股价年内涨幅迅 猛，截至2026年2月4日，股价报17.61元，年内涨幅超90%，动态市盈率（TTM）逼近千倍，远超机械设备行业平均水平。 控股股东及实控人的高比例股权质押问题尤为突出，2月2日公司公告显示，控股股东巨力集团及实控人杨会德合计质押1491万股无限售流通股，其 中杨会德个人质押比例高达46.61%，占公司总股本 ...

Group 1 - The article discusses the recent trend of small and medium-sized banks in China adjusting their deposit interest rates, with some banks increasing rates while others are decreasing them [2][3][5]. - Several banks, such as Hunan Xinhang Rural Commercial Bank and Shanxi Linxian Rural Commercial Bank, have announced increases in deposit rates for various terms, with some products offering rates above 2% [4][6][10]. - Despite the increases, the overall trend shows a mixed response among banks, with some opting to lower rates due to pressures on net interest margins and the need to stabilize funding costs [3][8][9]. Group 2 - Specific examples of rate adjustments include Inner Mongolia Rural Commercial Bank offering a 1.4% rate for a one-year deposit, and Shanxi Zezhou Rural Commercial Bank offering rates of 1.45%, 1.5%, and 1.75% for one, two, and three-year deposits respectively [4][6]. - Some banks are launching special deposit products for the New Year, emphasizing limited availability and promotional rates, such as the 1.65% rate for one-year deposits from Laishang Bank [12]. - The article highlights that while most banks have rates in the "1" range, there are still products with rates in the "2" range, indicating a competitive market for attracting deposits [10][11].

以下文章来源于21世纪经济报道 ，作者21记者 21世纪经济报道 . 权威、专业、深度、有趣！用经济思维看世界。 互联网新闻信息服务许可证编号：44120250004 进入1月末，黄金市场如同过山车，载着无数人的财富预期呼啸冲顶，又陡然俯冲，将投资者的心脏反复抛向高空。 一周之内，市场接连上演历史性暴涨、四十年一遇的暴跌与紧随其后的暴力反弹——1月29日凌晨，伦敦金现货价格飙升至每盎司5626美元的历史峰 值；短短两日后（1月31日），剧情急转直下，纽约商品交易所黄金期货单日暴跌超10%，收于每盎司4745美元，创下四十年最大单日跌幅；市场 惊魂未定，2月3日，现货黄金又强势反弹，单日涨幅超6%，突破4980美元/盎司，创下2008年以来的最大单日涨幅。2月4日，金价开盘再度拉升， 重破5000美元/盎司关口。 2月2日北京市菜百首饰回购区 记者张欣/摄 这波史诗级行情，是屏幕上不断闪烁的数字，更牵动着无数普通人的财富神经。 21世纪经济报道记者记录了这场波动中的多位持金人。他们的故事不在冰冷的K线图里，而在黄金柜台前紧攥现金的手中，在银行积存金账户深夜亮 起的屏幕前，在年轻人用压岁钱换来的第一块金条上。 这 ...