Core Viewpoint - The acquisition of the listed company, Shangwei New Materials, by Zhiyuan Robotics has attracted significant attention due to its unusual structure and the rapid increase in market value of Shangwei following the announcement of the acquisition [1][3][6]. Summary by Sections Acquisition Details - Zhiyuan Robotics is not directly acquiring Shangwei; instead, two limited partnership entities, Zhiyuan Hengyue and Zhiyuan Xinchuang, are involved in the acquisition [1]. - The acquisition was announced on July 1, with Shangwei's stock being suspended for trading due to control change plans [4]. Market Reaction - Following the resumption of trading on July 9, Shangwei's stock experienced daily limit-up increases until July 30, with multiple instances of one-word boards [5]. - On July 31, trading was suspended again, and upon resuming on August 5, the market capitalization reached 44.6 billion, a significant increase from 3.1 billion on July 1 [6]. Financial Implications - At the time of signing the equity transfer agreement, Shangwei's market value was 3.1 billion, with Zhiyuan planning to invest 941 million. By August 5, the market value had surged to 44.6 billion, resulting in a paper profit of 12.4 billion for Zhiyuan [8]. - This transaction raises questions about whether it constitutes a backdoor listing, as it involves a 29.99% agreement transfer, relinquishing voting rights, and a 37% tender offer [8]. Stakeholder Concerns - There are concerns regarding the potential infringement of the rights of Zhiyuan's existing shareholders, as the two acquisition entities may benefit more quickly than the original shareholders [8]. - The article questions whether existing shareholders were aware of the transaction and if their interests were adequately protected [8]. Broader Implications - The acquisition model may disrupt traditional relationships between shareholders and companies, allowing certain shareholders to benefit from secondary market premiums without direct investment [8]. - Other robotics and low-altitude economy companies may consider similar acquisition strategies in the future [8].

最近发的几篇似乎都有些负能量，我深刻检讨。今天写一篇，投资人如何给创业者提供正能量， 提供情绪价值。 创始人：我们最近业务不是很好。 投资人：首次见你，是在一个论坛，我到现在都能够清晰回忆起你当时的主题演讲，那段演讲让我热血 沸腾，同时也热泪盈眶。当时我就决定，一定要投你。 创始人：那个客户我们没拿下来，产品送样没通过。 投资人：为帮助对接这个客户，为了让他们同意给你测试，你知不知道我喝了多少，跑了多少次客 户？ 创始人：那个科研课题我们没有申请到。 投资人：我们可以等，但是产业不能等，国家不能等，dang和人民不能等。漂亮国还在加严对我方的封 锁，企图将我方产业扼杀在摇篮里。 创始人：我快60了，有点干不动了。 投资人：巴菲特90%以上的财富都是60岁以后获得的。 稻盛和夫52岁第二次创业，创立第二电信，这家公司在他75岁的时候进入世界五百强。 他 在78岁的时候接受了日本航空公司CEO的职务，仅用了一年时间就让这家之前申请破产的公司， 创造了历史新高的净利润。 褚时健也是在74岁的时候，开始种橙，开始第二次创业。 投资人：你知不知道我们为了你的这个课题，写了多少报告，动用了多少lp的资源，跑了多少所高校？ ...

本文记录了一份文件的几十次修改的过程，以及这几十次修改，导致项目飞了的过程。 改三次，仅仅是开始 某项目意向落地，政府 lp 让我写一份落地报告，介绍项目干啥的，落地什么内容，能给当地带来什么价值。 我加班加点花了几天，和创始人一同拿出了一份小几十页的报告， 发给了 lp 的投资经理。 第二天下午， lp 爸爸发来消息，说能不能把我们基金的已投项目、储备项目，也在报告里提一下，看看有没有什么产业链协同，这样能够让项目更 顺利落地。 Lp 爸爸的要求就是命令。我赶紧改。 第三天， lp 爸爸，也就是那位投资经理，说，挺好，他觉得可以了。他要给他的上级看一下。 第二周， lp 爸爸给我发来了带他的反馈意见的修改稿，意见以批注的形式。 我打开这份 word 就花了一分钟。打开以后，满屏的红色、绿色的线和框，各种批注。 让 lp 爸爸改了这么多内容，我深感惭愧。我赶紧回复：抱歉抱歉，是我经验不足，写的东西质量太差。我一定尽快修改。 我把二次修改完的版本发过去，又过了一天，对方又来消息了。 一次进来 5 ， 6 条微信，都是接近 60 秒的语音。我赶紧找了个会议室，认真、反复听了每一条。 为什么要认真反复听？因为他带口 ...

做投资，什么最重要？资金，或者叫，钱。钱就像人的血液。 现在好多钱积压在已投项目里，退不出来，但是投新项目还得需要钱。没钱，就成僵尸基金了。怎么 办？ 怎么解决这个错配？ 我有个好办法。我去收购一些已投企业，然后让企业去贷款，然后钱再想办法还给我。 不能直接给我。得倒几手。这样钱回来了，企业也是我的了 或者，我让我的国资lp去收购我投的企业，可能我投的企业的资质还不错，国资收了以后能够增信，2A 变成2A+，变3A，就可以发债，就有钱了。 唉，突然发现，银行贷款利率挺低的。有没有啥好办法？ 但是我作为一家机构，资产都是已投项目的股权。而银行呢，更喜欢实物资产，固定资产。哪怕是画个 饼，项目贷也行。 钱再给我出资组基金，我用新基金接老基金在已投项目里的股权。这样我就退出了，我再把钱还给lp。 这样就滚起来了。 如果以上我都不敢，我就需要老老实实的，投之前谈个对赌，如果企业实在不接受，那就争取谈个抽屉 协议的对赌。 然后，投后环节，我像炒gu盯盘一样盯着企业的数据，看是否有触发对赌的可能，一旦快要触发，我赶 紧提回购，甚至昧著良心起诉。 虽然我不定期搞几个关于对赌的抽屉协议，但是，我也防着别人搞抽屉协议。 所以我 ...

我突然有种感觉。 你有没有发现，同样是赚钱，人和人的夏天可以完全不同？ 楼下修空调的、送快递的、跑外卖的都在暴晒里奔忙 ，而得益于这个时代，也有一部分人窝在屋里 吹着空调做副业，年入30万，比上班还赚 尤其在互联网时代，很多副业项目的起点早已悄悄改变。像之前火到不行的 短剧、小说推文 ，再到 有声广播剧版权 ，其实都属于 "低启动 门槛+高复利潜力 "的模式。 不是说谁高谁低，而是 能选的路径不一样，生活就有不一样的节奏。 不是所有赚钱方式都得靠汗流浃背 。 这个时代， 动脑、用工具、用内容 换来的收入，也越来越成为一种趋势。 就比如现在很火的 " 广播剧版权变现 "副业，我身边一个小姐姐，入仓仅四个多月， 没想到 收益还不错 ，看了一下赚了 2.6w + 。 副业，不一定要声势浩大，但 一定要借助风口 ， 稳扎稳打 。 坦白的说， 现在谁能抓住这个时代的机会和资源， 谁就能逆风翻盘，甚至赚大钱。 01 把看过的小说、电视剧变成钱 只要有人写小说，你就会源源不断的赚到钱 。 有声广播剧变现 ，悄然成为 2025年 互联网 最赚钱的项目之一 ，但是，绝大多数普通人、职场上班族还不知道它的存在。 · 广播剧版权变 ...

首先解释下，"实质性破产"来自公众号"科创投资研究"在 7 月 27 日发布的文章： 突发！两大上市公司紧急叫停固态电池项目，高能时代为何突遭"双杀"？ 文中写到：两家上市公司安孚科技（ 603031 ）和蠡湖股份（ 300694 ）相继宣布终止与高能时代的合作； 高能时代控股股东股份遭冻结，公司 2024 年营收仅 1.95 万元，却亏损 1789 万元，已实质性破产。 文章正文部分还写道：另据知情人士消息，高能时代团队已经解散。 公司官网显示：公司专注于全固态电池及固态电解质的技术研发与产业落地；拥有从材料端到电芯设计开发的全流程生产制造能力。 公开资料显示，公司创始人罗明 深耕固态电池领域 15 年，曾担任丰田汽车动力技术研发负责人， 期间参与了丰田 硫化物全固态电池的研发，这也是 丰田重点布局的下一代电池技术路线之一。 高能时代在成立当年便同步设立了日本先进电池研发中心，并与东京大学、东京工业大学达成战略合作，成为国内首家完成 1Ah-20Ah 硫化物全固态原型 电芯研发的企业。 针对公司的股权冻结信息，用企查查查了下：创始人罗明对公司的所有股权，公司对两家子公司的所有股权，全都被冻结了。 | 司法案 ...

Core Viewpoint - The article highlights the significant presence of Tsinghua University alumni in the AI industry, showcasing various companies founded by individuals with Tsinghua backgrounds and emphasizing their contributions to the sector [1][13]. Group 1: AI Infrastructure and Platform Tools - Momenta, founded by Cao Xudong, has a background in engineering mechanics from Tsinghua and shifted focus to AI research [3]. - Lepton AI, founded by Jia Yangqing, has been acquired by NVIDIA, with Jia joining NVIDIA afterward [4]. - Other notable companies include Zhiyu AI, Baichuan Intelligence, and Mingxia, all founded by Tsinghua alumni from the computer science department [4]. Group 2: AI Applications - Companies like Yizhi Technology and Yingfei Network, founded by Tsinghua graduates, are making strides in AI applications [5]. Group 3: AI Chips - Hezhima Intelligent, founded by Shan Jizhang, and Lingxi Technology, with seven out of nine founders from Tsinghua, are key players in the AI chip sector [7]. Group 4: Additional Notable Companies - Other companies include Chaoji Technology, founded by Tu Cunchao, and Jiyuan Technology, founded by Wu Bin, both from Tsinghua's computer science department [12]. - Nexusflow, co-founded by Zhu Banghua and Jiao Jiantao, was acquired by NVIDIA, with Zhu becoming a chief research scientist at NVIDIA [12]. Group 5: Future Aspirations - The article expresses hope for the AI industry in China to achieve independence and global market presence, similar to other sectors [13].

Group 1 - The article discusses the differences in airport experiences, particularly focusing on the VIP lounges at Beijing Capital Airport and Daxing Airport, highlighting the overcrowding at the former due to non-elite users [1] - It emphasizes the convenience of using Didi at Daxing Airport, suggesting a specific drop-off point to save time [1] - The article notes that Guangzhou Airport is less affected by typhoons compared to Shenzhen Airport, which is located by the sea [2] Group 2 - The article mentions that in Shanghai, the Didi pickup point at Hongqiao High-Speed Railway Station is inconvenient, recommending a nearby hotel for easier access [3] - It points out that many cities protect local taxi services, making it easier to take taxis from major transport hubs compared to ride-hailing services [3] - For business travelers, it suggests a hotel near Hongqiao Airport for convenience when flying red-eye flights [3] Group 3 - The article provides information on shopping options at Hongqiao Airport, specifically Disney stores located in Terminal 2 [4] - It highlights the presence of Sanrio stores selling Hello Kitty merchandise at various airports, including Beijing and Shanghai [4] - It mentions that traveling from Nanchang to the Yangtze River Delta and Pearl River Delta regions takes about 2-3 hours, allowing for a quick meal before continuing the journey [5] Group 4 - The article notes that direct high-speed trains from Shanghai to Shenzhen can take around 10 hours, suggesting alternatives for quicker travel [6] - It recommends Shandong Airlines and Hainan Airlines for timely arrivals, particularly highlighting Shandong Airlines for its reliability [6] - It clarifies that Tianhe Airport is in Wuhan, not Guangzhou, correcting a common misconception [7]

Group 1 - ESG has become a significant trend in the financial and investment sectors, providing opportunities for career transformation and high-paying job offers [1][6][36] - The Shanghai Stock Exchange has introduced a comprehensive ESG policy aiming for 100% ESG report coverage by 2025, indicating a growing demand for ESG-related skills and professionals [4][18][19] - The demand for ESG professionals is increasing as more financial institutions establish dedicated ESG departments and seek candidates with ESG certifications [21][19][33] Group 2 - The implementation of ESG standards is supported by various policies, with a notable increase in job openings related to ESG, showing a growth of over 60% in new ESG positions in the past year [31][33] - Companies are required to enhance their ESG information disclosure quality, which is expected to create a significant talent gap in the ESG field [17][34] - The market potential for ESG information disclosure is substantial, with a need for annual reporting, ensuring stability and continuity in the ESG sector [35] Group 3 - The introduction of the Registered ESG Analyst certification aims to address the shortage of qualified ESG professionals, with a high pass rate and simplified examination process [46][50][56] - Training programs and resources are being developed to equip individuals with the necessary ESG knowledge and skills, facilitating their entry into the ESG job market [45][38][39] - Companies are increasingly recognizing the importance of ESG in their strategic planning and decision-making processes, further driving the demand for ESG expertise [23][15]

Core Viewpoint - The article discusses the current state of the stock market, highlighting the unusual behavior of investors and the implications of significant infrastructure projects on economic growth and stock performance. Group 1: Market Behavior - Investors are currently engaged in trading activities, with many expressing frustration over not being able to buy stocks [2][3] - The lack of scheduled meetings among partners suggests a collective focus on market movements rather than strategic planning [1] Group 2: Economic Indicators - There is a noted increase in M2 money supply while prices are declining, indicating a disconnect in economic activity [3] - The construction of large infrastructure projects, such as a major hydropower station, is expected to stimulate economic activity and consumer spending [4][6] Group 3: Infrastructure Impact - The hydropower station is projected to generate significant electricity, ranking around 15th globally in terms of annual output [6][7] - The combined output of this station and existing facilities could meet the electricity demands of major cities like Beijing, Shanghai, and Shenzhen [9] Group 4: Stock Market Dynamics - The recent surge in A-shares is attributed to favorable tax conditions compared to Hong Kong and U.S. markets, encouraging capital inflow [12][13] - The stock of companies like Shangwei New Materials has seen unprecedented gains, driven by market speculation rather than fundamental performance [15][17] Group 5: Investment Potential - With a substantial amount of household savings available, even a small portion directed to the stock market could significantly boost indices [21][22] - The article suggests that the upcoming fundraising environment may improve, potentially benefiting various sectors [23]