Core Viewpoint - The company Tianmu Lake (603136.SH) has reported a continuous decline in revenue for five consecutive quarters, with a significant drop in both revenue and net profit for 2024, indicating a challenging development situation amidst a recovering domestic tourism market [1][2][3]. Group 1: Core Scenic Area Business - The core scenic area business, which accounts for over 50% of the company's revenue, experienced a significant decline, with revenue for 2024 reaching 282.4 million yuan, down 13.03% year-on-year, and main profit dropping by 32.5% [2][3][4]. - The main profit margin for the scenic area business decreased to 70.43%, a reduction of 0.81 percentage points compared to the previous year [2][3]. - The two major 5A scenic areas, Shanshui Garden and Nanshan Bamboo Sea, both saw declines in revenue and main profit for 2024, with Shanshui Garden's revenue down 17.47% and Nanshan Bamboo Sea's down 7.58% [4][5]. Group 2: Hotel Business - The hotel business, which contributes nearly 30% to the company's revenue, also faced a sharp decline, with 2024 revenue falling to 159.4 million yuan, a decrease of 23.1%, and main profit down 27.86% [6][7]. - The gross profit margin for the hotel business dropped significantly from 29.88% to 21.4%, indicating substantial operational pressure [6][7]. - The performance of the hot spring and water world businesses, aimed at boosting off-peak season revenue, also saw significant declines, with the water world business revenue plummeting by 41.28% [7]. Group 3: Fundraising Projects - The company has two fundraising projects initiated in 2020 that have faced multiple delays, with the expected completion dates pushed back to December 2025 [8][10]. - The South Mountain Xiaozhai project and the Yushui Hot Spring renovation project have seen minimal progress, with only 8.14% of the projects completed as of the latest updates [10]. - The prolonged delays and changing market conditions raise uncertainties about the future performance of these projects, which were intended to enhance the company's competitiveness and profitability [10].

Core Viewpoint - The video released by the Meizhou Cultural Tourism Bureau has been accused of closely resembling a promotional video from the Fujian Provincial Cultural Tourism Department, raising concerns about originality and copyright issues [1][2]. Group 1 - The controversial segment of the two videos lasts approximately 40 seconds, with significant similarities in scenes, dialogue, and narration [2]. - Both videos highlight local cuisine, with the Fujian video ending with the phrase "Come to Fujian, enjoy the flavor," while the Meizhou video states, "Come to Meizhou, enjoy the delicacies" [2]. - The Meizhou Cultural Tourism Bureau acknowledged in the comments that their video material was sourced from the Fujian Provincial Cultural Tourism Department [3]. Group 2 - Following the controversy, the Meizhou Cultural Tourism Bureau has taken down the video and plans to issue a formal response during business hours [3].

这个周末，特朗普，又有大动作了！ 特朗普签署了四项行政命令，旨在扩大核能生产，推动核能行业的发展，相关概念股随即大幅上涨。 与此同时，特朗普强调不会削减万亿美元国防预算，展现出对军事开支的强硬立场。 此外，他提议自2025年6月1日起对欧盟实施50%关税，这一表态导致市场避险情绪升温，美股、欧股双 双下跌。 这些行动不仅可能重塑美国内外政策格局，还将对全球市场产生深远影响。 01 扩大核能 据报道，特朗普周五签署了四项行政命令，以扩大核能生产。 当天，在椭圆形办公室的签署仪式上，特朗普称核能是一个"热门行业"，并补充说，"现在是发展核能 的时候了，我们将把它做得非常大。" 特朗普签署的行政命令旨在改革美国能源部的核能研究，为能源部在联邦拥有的土地上建造核反应堆扫 清道路，彻底改革核管理委员会，并扩大美国的铀矿开采和浓缩。 行政令还呼吁美国能源部和国防部门评估重启已关闭的核电站的可行性，并探索在联邦土地和军事基地 选址反应堆。美国核监管委员会发言人Scott Burnell表示，该机构正在评估这些行政命令，并将遵守白 宫的指示。 特朗普推动核能的举措可能促进这一无排放能源的发展，核能被视为煤炭和天然气发电的气候 ...

以下文章来源于智族大模王 ，作者智族大模王 智族大模王 . 拥抱智能时代，解锁AI密码 王小川，这位头顶"天才少年"光环的清华学霸、搜狗输入法创始人、中国互联网初代技术偶像， 正迎来人生中最难啃的硬骨头。 他在2023年创立的百川智能，被称为"大模型六小虎"之一。 今年4月， 王小川在全员信中罕见 地反思过去两年工作的不足，过去两年百川智能战线过长，接下来将收缩战线、押注医疗AI。 无疑，王小川在AI领域打了一场败仗。 这场战略收缩，被外界解读为"断臂求生"——曾经对标 Open AI的野心，终究败下阵来，医疗成为王小川搭上AI这趟列车的最后一块跳板。 但更深层的危机还没有停止。 缺少B端业务的输血，王小川押注极度烧钱的AI医疗会面临更大风险。更为紧迫的是，王小川认为 组织是AI创业中最重要的因素，然而2024年下半年以来，百川智能有多位核心高管相继离职，整 个组织也在变得臃肿，团队的目标变得摇摆。 天才CEO，为何管不住人呢？ 01 王小川的大撤退 王小川曾给资本市场画过一张"AI大饼"：底层模型对标OpenAI，C端产品要做中国的ChatGPT， B端横扫金融、教育、法律等领域，医疗领域还要造出"AI医生 ...

Core Viewpoint - The article discusses allegations of potential fraud regarding the collagen content in a product from Juzhibio, specifically questioning the accuracy of the ingredient labeling and the detection methods used to measure collagen levels [1][2]. Group 1: Allegations and Testing - A social media influencer raised concerns about the collagen content in Juzhibio's product, claiming that the detected amount of collagen was significantly lower than what was stated on the label [1][2]. - The influencer used high-precision HPLC amino acid quantification methods and reported that the detected collagen content was only 0.0177%, while the product label suggested that collagen should be present in amounts greater than 0.1% [2]. - The influencer highlighted that glycine, a key amino acid in collagen, was not detected in the sample, which contradicts established knowledge that glycine constitutes one-third of collagen's amino acid residues [2]. Group 2: Company Response - In response to the allegations, Juzhibio's brand, Kefu Mei, issued a statement asserting that multiple tests conducted in accordance with industry standards showed collagen content exceeding 0.1% [5][7]. - The company provided testing results from five samples taken on May 24, showing collagen levels of 0.27% to 0.28% [7]. - Kefu Mei criticized the influencer's testing methods as not being recognized by industry standards and claimed that the influencer did not request the original collagen raw materials for testing [9]. Group 3: Background and Financial Performance - Juzhibio, known as the "first stock of recombinant collagen," has rapidly grown to become the largest beauty and skincare company in Hong Kong by market capitalization, reaching HKD 82.1 billion as of May 23 [11]. - The company's revenue for 2024 was reported at CNY 5.539 billion, reflecting a year-on-year growth of 57.17%, while net profit reached CNY 2.062 billion, up 42.06% [14]. - The founders of Juzhibio recently became the richest individuals in Shaanxi province, with a combined stock value exceeding CNY 45 billion [13].

Core Viewpoint - The article emphasizes the cultural and historical significance of the Forbidden City, highlighting its architectural beauty and the rich history behind each artifact, while promoting a comprehensive book that encapsulates the essence of this heritage [12][18][75]. Group 1: Historical and Cultural Significance - The Forbidden City is not just an architectural marvel but a living history of Chinese civilization, containing 186 million artifacts that reflect the aesthetic and artistic achievements of ancient China [15][18]. - Each artifact in the Forbidden City tells a story, from the emotional tributes of emperors to the artistic expressions of various dynasties, showcasing the depth of Chinese culture [6][12][111]. - The article critiques the portrayal of the Forbidden City in media, suggesting that it often oversimplifies or distorts its rich history, leading to misconceptions among younger generations [14][15]. Group 2: The Book Promotion - The article introduces a unique book titled "The Most Beautiful Forbidden City," which compiles treasures from four major palaces, offering a visual and educational experience of Chinese art and history [27][38][115]. - This book features over 400 artifacts, paintings, and architectural details, aiming to provide readers with an immersive understanding of Chinese aesthetics and cultural heritage [49][115]. - The promotional offer includes a significant discount, making the book accessible for a broader audience, along with exclusive gifts for early purchasers [66][71][160]. Group 3: Visual and Aesthetic Experience - The book is designed to provide a high-quality visual experience, with large format pages and meticulous attention to detail, allowing readers to appreciate the beauty of each artifact [142][146]. - It includes rare long fold-out pages and high-definition reproductions of famous artworks, enhancing the reader's engagement with the content [148][151]. - The article suggests that owning this book is not just about reading but about experiencing and preserving the essence of Chinese art and culture for future generations [36][71][75].

Core Viewpoint - The article emphasizes the significance of drones as an ideal gift for children, highlighting their educational benefits and the excitement they bring in exploring technology and aviation [1][3]. Group 1: Industry Overview - The drone industry has seen a surge in applications across various sectors, including land surveying, delivery services, and film production [7]. - There is a growing trend in China for obtaining drone licenses, indicating increased interest and participation in the drone market [9]. - Chinese manufacturing capabilities in the drone sector are recognized globally, showcasing impressive technological advancements [5]. Group 2: Product Features - The MHD H21 handheld drone is presented as a durable and affordable option for children, designed to withstand rough handling and crashes [13][19]. - The drone features high-impact resistant materials and a fully enclosed propeller design, enhancing safety for young users [22][27]. - It offers various functionalities, including 360° flips, trajectory flying via a mobile app, and real-time image sharing, making it engaging for children [41][48][50]. Group 3: Pricing and Promotions - The MHD H21 drone is competitively priced at 159 yuan for a dual battery version and 179 yuan for a triple battery version, significantly lower than similar products on the market [38][85]. - A promotional offer includes a one-year free replacement warranty for non-human damage and a 30-day return policy for accidental damage [78][80]. Group 4: User Experience - The drone is designed for ease of use, allowing children as young as 14 to operate it with minimal instruction [66][70]. - It includes features that enhance the flying experience, such as automatic obstacle avoidance and adjustable camera angles for versatile photography [46][54].

2022年至2024年，乐自天成分别实现收入4.6亿元、4.82亿元、6.3亿元。与泡泡玛特不同的是，乐 自天成主打授权IP产品的开发及销售。该公司授权IP蜡笔小新相关产品2022年至2024年GMV（商 品交易总额）超6亿元，占2022年至2024年三年总收入比重近40%。 在行业激烈竞争格局下，如何多元布局授权IP、授权IP和自有IP如何平衡、自有IP产品如何提升市 场占有率等，或许是乐自天成需要思考的问题。 01 授权IP营收占比逐年提升 根据灼识咨询，按2024年国内市场GMV计算，乐自天成在国内多品类IP玩具公司中排名第二位。乐 自天成提供如静态玩偶、可动玩偶、发条玩具、变形机甲及拼装玩具等多品类不同形态产品。 IP方面，乐自天成产品IP主要分为授权IP（如猫和老鼠、蜡笔小新）和自有IP（如猛兽匣变形机 甲、胖达幼）。截至2024年末，乐自天成授权IP为80个，自有IP为35个。截至2025年5月19日，乐 自天成SKU（最小存货单位）数量近2800个。 来源|中国证券报 5月22日，乐自天成（又称"52TOYS"）向港交所递交招股书，计划赴港上市。这是继泡泡玛特、布 鲁可之后，又一家奔赴港股的知名 ...

核心提示： 1 、有用户在打完司美格鲁肽减肥针后，出现肠胃不适、发冷、月经不调、甚至是心率加快等副作用。 2 、减肥针并不适合所有有人，以司美格鲁肽为例，是针对体重 BMI>30 的，或者 BMI>27 且同时伴有胰岛素抵抗或高血糖或高血脂之类疾病的人 群，且未成年，以及甲状腺、胰腺有问题人群不能使用。 3 、减肥针不是 " 神药 " ，医生也会反复叮嘱饮食 + 运动是瘦身的根本，减肥针只是辅助。 4 、虽然减肥针虽然有各式各样的副作用，但多家药企已经靠此赚得盆满钵满。 01 打了三针，就赶紧停了 "还是停针吧。"医生的话让王艳松了一口气。 只是去医院检查的王艳，在医生的推荐下，花费 1900 元购买了一支 1.7mg 剂量的司美格鲁肽。 按照医嘱，她需要每周注射一次，连续六周。"配合控制饮食，三个月预计能减 20 斤"——医生的承诺让她心动不已。 然而第一针下去，不良反应就出现了。 她记得很清楚，第一针是在晚饭前注射的，第二天她就感受到了明显的胃胀，食欲大减。"吃一点就饱了，到了饭点也没啥饿的感觉。"更难受的是接 踵而来的腹泻和腹胀，这些症状持续了 5-6 天才逐渐缓解。 2025 年 3 月，她怀着期待将 ...

来源|财联社 近几日，随着穆迪下调美国主权信用评级、新的支出法案对联邦赤字的潜在影响不明，"抛售美国"的论调卷土重来、并暴击了美国资产。 目前，这种情绪正在国际投资者中日益高涨。本月摩根大通全球市场会议（JPMorgan Global Markets Conference）对来自45个国家的投资者进行 了调查，结果显示他们倾向于看好欧洲， 36%的人预计欧洲股市将在2025年成为表现最好的资产。 相比之下， 只有17%的人押注美国股市将占据主导地位。 小摩的一个分析师团队在一份报告中写道："人们对美国经济前景的看法不一，尽管衰退不再是基本预期，但投资者对经济增长的看法也不像风险市 场交易所显示的那样乐观。" 这份调查了来自45个国家的700名投资者的报告，进一步表明，在美国市场多年表现优异后，全球投资者对美国市场变得谨慎起来。 与此同时，高盛也表示，美国大型股今年的表现将再次跑赢大盘。该行表示，自2023年以来，所谓的"科技七巨头"一直是标准普尔500指数的主要增 长引擎，它们目前的估值较低，投资者将倾向于这种估值。 02 不确定性犹存 不过就目前来看，不确定性将继续存在，直到市场对利率、衰退可能性、贸易协议 ...