以下文章来源于36氪财经 ，作者范亮 郑怀舟 36氪财经 . 36氪旗下官方账号。洞见市场，比99%的投资者更聪明。 支撑市场上涨无非两方面因素，盈利和估值。 盈利端，2024年万得全A（除金融、石油石化）归母扣非净利润同比下滑10.7%，同时24Q1-24Q4利润单季度降幅逐季扩大。但在"924"政策催化下，市场 估值大幅抬升，万得全A（剔除金融、石油石化）当年反而上涨6.15%。 寻求确定性。 文 ｜ 范亮 编辑 ｜ 郑怀舟 来源｜ 36氪财经（ID： krfinance） 封面来源 ｜ 视觉中国 上证指数本周再度转跌之际，微盘股又创历史新高。 2025年以来，万得微盘股的涨幅为23.04%，已经连续7年实现上涨。北证50年内涨幅已经达到32%,周中一度突破历史新高。另一方面，万得银行指数在本 周亦创下新高，年内涨幅9%。 这个市场状态与2023年颇为相似。2023年受疫后经济复苏预期影响，上证开盘一度从3000点出头冲高至5月份的3400点以上，市场成交额连续多个交易日 突破万亿，但随后因弱复苏年末回落至3000点附近。期间市场活跃度较高+上市公司弱盈利使得资金涌入交易性质更强的小微盘股，促成小微盘股的 ...

以下文章来源于中国企业家杂志 ，作者李欣 中国企业家杂志 . 初见面时，他刚升任线上营销负责人不久，因"被瞒亿万家产20年"的爽文人设在社交平台走红。 2023年，"麻辣王子创始人隐瞒儿子亿万家产20年"的话题事件，也让张子龙意外走红，收获了一批粉丝。 讲好企业家故事，弘扬企业家精神 打破"旧制度"。 文 ｜ 李欣 编辑 ｜ 米娜 来源｜ 中国企业家杂志（ID： iceo-com-cn） 封面来源 ｜ 麻辣王子官方微博 再见面时，张子龙看上去没太大变化，还是朴实的穿搭——黑色套头卫衣，脚踩洞洞鞋。他一边接受采访，一边喝珍珠奶茶，讲起话来略显腼腆。 如果他不说，第一次见他的人很难相信，这是一个2024年销售额突破15亿元企业的"接班人"。 2002年，麻辣王子创始人张玉东进入辣条行业，7年后注册新品牌麻辣王子，多年来公司聚焦一款大单品——麻辣辣条。 3年前，张子龙从宁波诺丁汉大学毕业，投了600多份简历也没找到心仪的工作，最后，他在父亲张玉东的建议下给麻辣王子投了简历，以品牌专员的身份进 入了公司。 前段时间，为了孵化个人IP，他重新招聘了一位编导。 对方在他身边坐了一下午，就给张子龙贴上了"炸裂级直男穿搭"" ...

这里是 「萌宠寻人启事 」第139期。 据不完全统计，中国每年新增上千万只流浪动物。由于缺少稳定环境、充足的食物与水源，它们的寿命一般不超过3年。 为了帮助它们更快找到新家，36氪发起公益活动 「萌宠寻人启事 」，每周定期推出待领养流浪动物的信息。 如需传播支援，欢迎流浪动物救助机构/救助站/送养者邮件联络我们：wangxue@36kr.com。 基本信息： 已绝育/已注射疫苗/已驱虫 性格特征： 稍稍胆小，情绪稳定，老实可爱，乖巧听话。 救助故事： 它是在元宵节当天捡到的，那天我赶着去妈妈家吃饭，裹着羽绒服抄近路穿过小区，路过一排排梧桐树时我听到微弱的猫叫声。它缩在树后， 毛色灰扑扑的，眼睛亮得像元宵节的花灯。我蹲下来，她立刻往后躲，尾巴紧张地拍打着枯叶。我跑去便利店买了根火腿肠，掰成小段放在树下，随后便离 开了。团圆饭桌上，看着热腾腾的汤圆浮在碗里，我却想到它那对湿漉漉圆滚滚的眼睛…… 晚饭回家时我冥冥之中又去走了那条路。折返时路灯已经亮了，远远看见树底下一小团影子，它还在哪里望着我离去的方向…… 领养条件： 北京本地领养；有稳定居所和收入；签订领养协议；留身份证照片；视频家访、领养后回访；科学喂养、按时 ...

Core Viewpoint - Heng Rui Pharmaceutical successfully listed on the Hong Kong Stock Exchange on May 23, 2023, achieving a market capitalization exceeding HKD 390 billion, marking the largest pharmaceutical IPO of the year [4][5]. Company Overview - Heng Rui Pharmaceutical's IPO price was set at HKD 44.05, with the stock opening nearly 30% higher [4]. - The cornerstone investors for this IPO included notable entities such as the Government of Singapore Investment Corporation (GIC), Invesco, UBS Global Asset Management, Hillhouse Capital, and Boyu Capital, with total subscriptions exceeding HKD 4.1 billion [4]. - The company was founded by Sun Piaoyang, who transformed a small pharmaceutical factory into a major player in the Chinese pharmaceutical industry [6][7]. Financial Performance - For the first three quarters of 2024, Heng Rui reported revenues of CNY 20.19 billion and a net profit of CNY 4.62 billion, with net profit reaching a historical high [11]. - The sales revenue from innovative drugs accounted for 47.7% of total revenue, indicating a significant contribution from generic drugs [11]. - The proportion of innovative drug sales increased from 38.1% in 2022 to 43.4% in 2023 [11]. Strategic Direction - The company aims to enhance its global presence through the Hong Kong listing, which is seen as a bridge for international expansion and brand recognition [12]. - The funds raised from the IPO will be used to build new production and R&D facilities both domestically and internationally [12]. Market Context - The Hong Kong stock market has seen a surge in IPO activity in 2023, with significant listings such as Ningde Times and Mixue Ice City, contributing to a total fundraising amount exceeding HKD 60 billion, a sixfold increase compared to the previous year [18]. - The current market environment is favorable for new listings, with a substantial pipeline of around 150 applications under review at the Hong Kong Stock Exchange [18][19].

Core Viewpoint - The article commemorates the life and contributions of Zhuang Hua, a prominent figure in the headhunting industry, highlighting his impact on the sector and the legacy he leaves behind [4][41][42]. Group 1: Zhuang Hua's Career and Achievements - Zhuang Hua founded CGL in 2018, achieving a revenue of 100 million yuan in its first year, placing it among the few headhunting firms in China with such high earnings [5][23]. - He had 26 years of experience in high-end talent acquisition and was known for his personable approach, remembering names and details about colleagues and clients [7][8]. - Under his leadership, CGL adopted a unique horizontal organizational structure, promoting autonomy and innovation among employees [26]. Group 2: Industry Context and Challenges - The headhunting industry in China experienced significant growth in the early 2000s, driven by increasing demand for talent in various sectors [10][11]. - However, the industry faced challenges starting in 2022, with reports indicating a 40%-50% reduction in average team sizes among headhunting firms [37]. - A survey indicated that 64% of headhunters felt a decrease in order volume, reflecting the industry's struggles during this period [38]. Group 3: Personal Reflections and Legacy - Zhuang Hua was remembered for his dedication to the profession, often stating that a good headhunter benefits three families: the candidates, clients, and employees [21]. - His passing was unexpected, occurring shortly after he had been active in business and health checks, leaving a significant void in the industry [31][39]. - Colleagues and industry peers expressed their admiration for Zhuang Hua, describing him as a mentor and a beacon of professionalism in the headhunting field [40][41].

以下文章来源于浪潮工作室 ，作者浪潮工作室 浪潮工作室 . 网易旗下栏目，给你另一种看世界的角度和态度 中国大学，男女比例大反转。 文 ｜ 飞刀 编辑 ｜ 小羊 周周 飞刀 来源｜ 浪潮工作室（ID： WelleStudio163） 封面来源 ｜ Pexels 一年一度的毕业季即将到来，忙活大半年产出"学术垃圾"的大学生们，站在讲台上故作镇定地老实听骂。结束答辩高喊"Dobby is free"，伴随学弟学妹羡慕 的围观，校园里随处可见大家三三两两拍照留念的身影。 无论在台上接受考验，还是举起剪刀手"咔嚓"不停的学生群体中，女生的数量都不在少数。这样的现象，即使你走进教室、在图书馆打转、或是深入各大社 团内部，也同样如此。 大学男生减少，是世界性的趋势 （这是）21世纪最奇特和最深刻的变革，甚至还不止于此，因为它几乎以类似的方式出现在全世界 [1] 。——汉娜·罗辛 曾经的大学，是男生"垄断"的领地。放眼整个校园，从课堂学习到娱乐活动，从教室到操场，男生为主角，几乎是一条不言自明的铁律。 1848年，伊丽莎白·卡迪·斯坦顿宣读《情感宣言》，要求女性获得接受大学教育的机会 [3] 。14年后，美国联邦政府通过《 ...

Core Insights - The article discusses the ongoing investment trend in embodied intelligence, highlighting the upcoming financing round for ZhiYuan Robotics, which includes participation from JD.com and the Shanghai Embodied Intelligence Fund [4][6]. Group 1: Investment Landscape - ZhiYuan Robotics is set to complete a new financing round, with investors including JD.com and the Shanghai Embodied Intelligence Fund, which was established in April 2025 [4]. - The previous financing round for ZhiYuan Robotics occurred on March 24, 2025, led by Tencent, with participation from various industry players and existing shareholders [4]. - The domestic humanoid robot sector has seen a surge in financing, with 37 financing events involving 33 companies and a total amount of approximately 3.5 billion yuan in the first quarter of 2025 [6]. Group 2: Company Overview - ZhiYuan Robotics was founded in 2023 and has quickly become a leading player in the embodied intelligence sector, alongside YuShu Technology and Galaxy General [4]. - The company has launched its first humanoid robot, the Expedition A1, and plans to release the second generation, A2, in August 2024 [6]. - ZhiYuan Robotics has established three product lines: Expedition, Elf, and Lingxi, covering various applications such as education, factory automation, and hospitality [6]. Group 3: Strategic Moves by JD.com - JD.com has a vested interest in the embodied intelligence sector due to its e-commerce and logistics operations, having previously invested in service robot developer Xianglu Technology [7]. - The company has been actively developing AI hardware and software, launching the Yanxi large model in 2023 and creating various AI applications for industry use [7][8]. - In 2025, JD.com is accelerating its embodied intelligence strategy by establishing a dedicated business unit focused on smart product development for home use [8].

Core Viewpoint - The article discusses the ongoing issues with scalpers at Beijing SKP, a luxury department store, highlighting the dynamics between scalpers, customers, and the store's management, as well as the impact of promotional strategies on scalper activities [3][9][36]. Group 1: Scalper Activities - Scalpers, such as "Fa Fa," have been operating at SKP, with some making significant profits, like 300,000 yuan in sales [3][5]. - The presence of security has increased, leading to scalpers being escorted out and required to sign agreements to cease disruptive activities [5][6]. - Conflicts among scalpers have risen, with reports of physical altercations occurring in front of the store [6][8][32]. Group 2: Customer Experience - Customers have expressed frustration with the chaotic shopping environment, particularly during promotional events, where scalpers dominate the space, leading to long wait times and dissatisfaction [8][21]. - The promotional strategies of SKP, such as point redemption systems, have created a "consumption trap," pushing customers to rely on scalpers for discounts [12][13]. Group 3: SKP's Business Model - SKP has introduced complex promotional policies, including a tiered point redemption system that incentivizes high spending, which scalpers exploit to offer discounts to customers [11][12][14]. - The store has historically been a leader in luxury retail, with sales exceeding 10 billion yuan in a single day, but is now facing challenges as competition increases [11][36]. Group 4: Changes and Future Outlook - Recent changes in SKP's promotional policies, including adjustments to large customer incentives, suggest a targeted approach to curb scalper activities [36]. - The impending acquisition of a significant stake in SKP by a private equity firm indicates potential shifts in management and strategy, which could further impact scalper dynamics [36][37].

Group 1: Harvard University Response - Harvard University criticized the U.S. government's decision to revoke its ability to enroll international students as "illegal and harmful," stating it could severely damage the university's academic and research mission [3] Group 2: Weir Shares - Weir Shares announced plans to issue overseas listed shares (H-shares) and list on the Hong Kong Stock Exchange to accelerate its international strategy and enhance overseas financing capabilities [2] Group 3: National Medical Insurance Administration - The National Medical Insurance Administration announced price regulations for radiological examination services, with 22 provinces implementing specific pricing plans, including significant reductions for PET/CT scans [5] Group 4: Nike Price Increase - Nike plans to raise prices on various products, including footwear and apparel, by $2 to $10, due to the impact of the trade war [6] Group 5: Apple Smart Glasses - Apple is set to launch its first smart glasses in 2026, which will feature a camera, microphone, and speaker, allowing for external world analysis and interaction through Siri [6] Group 6: Microsoft Activision Blizzard Acquisition - The FTC has officially withdrawn its antitrust lawsuit against Microsoft's $68.7 billion acquisition of Activision Blizzard, marking the end of nearly two years of legal disputes [9][10] Group 7: Miniso Financial Performance - Miniso reported Q1 2025 revenue of 4.43 billion yuan, a 19% year-over-year increase, with a gross margin of 44.2%, the highest for a first quarter [15] Group 8: Tongcheng Travel Financial Performance - Tongcheng Travel's Q1 revenue reached 4.377 billion yuan, a 13.2% increase year-over-year, with adjusted EBITDA growing by 41.3% [16][17]

以下文章来源于财经杂志 ，作者金焱 财经杂志 . 但多数人坦言，美国作为言论自由和学术开放支柱的形象，已在他们心中褪色。 文 ｜ 金焱 编辑 ｜ 苏琦 来源｜ 财经杂志（ID： i-caijing） 封面来源 ｜ IC photo 《财经》杂志官方微信。《财经》杂志由中国证券市场研究中心主办，1998年创刊，秉承"独立、独家、独到"的新闻理念，以权威性、公正性、专业性报 道见长，是政经学界决策者、研究者、管理者的必读刊物。 特朗普政府5月22日周四中止了哈佛大学招收国际学生的资格。特朗普政府通知这所曾培养出162名诺贝尔奖获得者的哈佛大学，禁止其招收国际学生。美 国政府撤销了哈佛大学的学生与交流访问学者项目（SEVP）认证，意味着该校今后不得再招收外国学生。美国国土安全部长克里斯蒂·诺姆（Kristi Noem）在致哈佛大学的一封信中写道："我在此通知您，自即日起，哈佛大学的学生与交流访问学者项目（SEVP）认证被撤销。" 学生与交流访问学者项目（SEVP）认证，对于任何希望招收持有F类或J类非移民签证的国际学生的美国高等教育机构而言，都是不可或缺的法定资质。 没有此项认证，哈佛大学便无法为2025-2026 ...