作者 | 朱秋雨 发自吉林珲春 编辑｜ 赵靖含 新媒体编辑｜ 宝珠 视觉 | 顾芗 近年来，帝王蟹逐渐点亮了珲春的发展之路。数据显示，2024年，珲春市共进口俄罗斯帝王蟹1.2万吨， 贸易总额达33.1亿元。 11月末，正值红帝王蟹上市旺季，南风窗在珲春发现，帝王蟹的产业链容纳了各式各样的生意与人。有 公司动辄投资上亿，建设帝王蟹暂养中心；有民营企业筹了500万，自建帝王蟹展示馆；还有小商家选 择了低成本产业，专卖养蟹的俄罗斯海水、海冰。 毫无疑问，帝王蟹的红火给这座边境城市带来了生机。如今，全国约80%的帝王蟹来自珲春。这座吉林 省最东边的内陆小城，正投注全城之力，渴望抓住海洋的红利，全力打响"中国帝王蟹之都"的名号。 珲春海鲜街，如今成为各地游客来旅游的打卡点/盐财经记者 朱秋雨 摄 上岸第一步 从网红旅游城市延吉乘动车抵达珲春，只需40分钟，但两地气候已经迥异。延吉大雪纷飞时，珲春只下 着雨夹雪，雪花细腻。当地人都表示，这里是吉林省最暖和的地方，具有海洋气候的特点，夏季不热， 冬季也不算极寒。 很多当地人此前都没料到，在中国东北，一个不临海岸的内陆城市，有一天竟然因特色海鲜而全国闻 名。 这类海鲜一如东 ...

Core Viewpoint - Maserati, the Italian luxury car brand, is experiencing significant price reductions on its Grecale model, leading to increased sales and inventory clearance efforts [2][3]. Group 1: Price Reductions and Sales Performance - Maserati has implemented multiple rounds of price cuts on the Grecale model, with discounts making the price drop from an official range of 650,800 to 1,038,800 yuan to as low as 388,800 yuan, representing a reduction of over 260,000 yuan, or approximately 60% off [2]. - The electric version of the Grecale has seen even steeper discounts, with a price drop from 898,800 yuan to 358,800 yuan, a reduction of 540,000 yuan, or about 40% off [2]. - A dealer in Beijing confirmed that the low-spec version of the Grecale has sold out nationwide, indicating strong demand following the price cuts [3]. Group 2: Inventory and Production Challenges - Reports indicate that Maserati has only produced a limited batch of the electric Grecale, and there are concerns about future production due to unsold inventory and potential maintenance issues for customers [3]. - The delay in the arrival of these imported vehicles, caused by the pandemic, has compounded the urgency for Maserati to clear its inventory, leading to the current aggressive pricing strategy [3]. Group 3: Market Trends and Competitive Landscape - Maserati's sales in China have been declining, with a peak of 14,400 units in 2017, dropping to just 1,228 units in 2024, a decline of 71% [3]. - The overall luxury car market in China is facing challenges, with significant declines in import volumes for other luxury brands such as Bentley and Rolls-Royce, indicating a broader trend affecting the segment [4]. - Maserati has been rumored to be for sale, but the parent company Stellantis has denied these claims, indicating a focus on restructuring and revitalizing the brand in the Chinese market [4].

本文转载自界面新闻 值班 编辑｜ 江江 视觉 | 诺言 界面新闻获悉，当地时间12月14日，"扫地机器人鼻祖"iRobot正式向美国特拉华州法院提交第11章破产 保护申请。 根据iRobot公告，其与公司有担保债权人及主要代工厂——深圳杉川机器人有限公司（Shenzhen PICEA Robotics Co., Ltd.）和香港杉川有限公司（Santrum Hong Kong Co., Limited，二者合称 "Picea"）达成 《重组支持协议》。Picea在中国和越南设有研发及生产基地，在全球拥有超过7000名员工。 依据《重组支持协议》条款，Picea将获得iRobot公司100%的股权。iRobot方面表示，这一安排将大幅优 化iRobot的资产负债表，确保公司能维持正常运营，并保留其全球业务布局。 iRobot首席执行官加里·科恩（Gary Cohen）称："此次交易将强化我们的财务状况，确保为消费者、客户 及合作伙伴提供业务连续性保障。" 该公司强调，在破产程序推进期间，iRobot将维持正常业务运营，公司应用程序功能、客户服务计划、 全球合作伙伴关系、供应链合作及在途产品支持不会受到影响。为保 ...

Core Viewpoint - Leap Motor has transformed from a struggling startup to a leading player in the new energy vehicle market, achieving significant growth in sales and profitability through a cost-effective strategy and self-research capabilities [5][15][50]. Financial Performance - In Q3 2024, Leap Motor reported revenue of 32.16 billion RMB, a 92.1% increase from 2023, with a gross profit of 2.69 billion RMB, marking a 3,248.4% increase [7]. - The company achieved a net profit of 1.5 billion RMB in Q3 2024, marking its continuous quarterly profitability [7]. - The gross margin reached 14.5%, a significant increase from 8.1% in the previous year [31]. Sales and Delivery Growth - Leap Motor delivered over 170,000 vehicles, a 101.8% increase compared to the same period in 2024, making it the top-selling brand among new energy vehicle startups in China [6]. - The company aims to reach an annual sales target of 1 million vehicles by 2026, following a successful sales strategy that has led to rapid growth [10][44]. Product Strategy and Market Positioning - Leap Motor has focused on a cost-effective pricing strategy, allowing it to offer competitive products while maintaining healthy profit margins [8][50]. - The introduction of models like the C11 and the new Lafa5 has allowed Leap Motor to penetrate both the mainstream and high-end markets, showcasing its versatility [12][13][26]. - The company emphasizes self-research and development, with 65% of its core components being self-manufactured, which aids in cost control and product quality [8][38]. Future Outlook and Challenges - Leap Motor is expanding its production capacity and aims to enhance its supply chain efficiency, which is crucial for sustaining its growth trajectory [29][31]. - The company faces challenges from market competition and changing policies, such as the potential return of purchase tax and subsidy reductions, which could impact its pricing strategy [44][49]. - Leap Motor is committed to balancing cost-effective pricing with maintaining a healthy profit margin, ensuring long-term sustainability [50].

Core Viewpoint - The article discusses the significant rise in silver prices, which have increased by 116% this year, compared to a 61% increase in gold prices, highlighting the growing interest and potential risks associated with silver investments [5][9]. Market Performance - As of December 11, 2023, silver prices reached a historic high of $62.88 per ounce, marking a substantial increase from earlier in the year [9]. - Silver concept stocks have shown an average increase of 78.12% this year, outperforming the Shanghai Composite Index [10]. Supply and Demand Dynamics - The primary driver behind the surge in silver prices is the widening global supply-demand gap, with industrial demand accounting for approximately 50% of silver's usage [12]. - The Oxford Economics report indicates that sectors such as solar energy, electric vehicles, and data centers are expected to drive silver demand growth, with a projected supply shortfall of 4,633 tons in 2024 [14][15]. - Major silver-producing countries have faced supply constraints due to production declines, further exacerbating the supply-demand imbalance [15]. Macroeconomic Factors - The Federal Reserve's decision to lower interest rates by 25 basis points has contributed to a favorable environment for precious metals, including silver, as it enhances the appeal of safe-haven assets [15][16]. - Analysts suggest that the silver market's smaller size and higher sensitivity to dollar fluctuations make it more volatile compared to gold, which could lead to further price increases if supply issues persist [16][17]. Investment Accessibility - Ordinary investors face challenges in accessing silver investments due to limited channels and higher costs associated with physical silver [19][20]. - The only directly traded silver product in China is a silver futures LOF, while other options include purchasing physical silver through banks or trading platforms [19][20]. Investor Sentiment - Despite the strong performance of silver, there is growing caution among investors regarding the potential risks associated with high volatility and the possibility of a price correction [21]. - Some investors are opting to wait for a price pullback before increasing their positions in silver, reflecting a cautious approach to the current market conditions [21].

Core Viewpoint - The Guangdong-Hong Kong-Macao Greater Bay Area is emerging as a leading hub for entrepreneurship, particularly in the field of smart hardware, due to its comprehensive industrial chain and unique advantages in innovation [2][3]. Group 1: Advantages of the Greater Bay Area - The Greater Bay Area serves as a global hub for the consumer electronics industry, facilitating a smooth transition from idea to startup for entrepreneurs [2][3]. - The region has attracted a concentration of global tech entrepreneurs, contributing to the emergence of numerous innovative companies [5][6]. - Hong Kong University of Science and Technology (HKUST), established in 1991, has rapidly become a leader in engineering and technology innovation, producing over 1,700 tech startups [8][9]. Group 2: Factors Behind HKUST's Success - HKUST's unique environment fosters a strong sense of national pride, a free academic atmosphere, and institutional innovation, which are crucial for nurturing entrepreneurial talent [11][14][17]. - The university's founding aimed to transform Hong Kong into an international innovation center, attracting top-tier talent from around the world [13]. - The academic culture at HKUST encourages the integration of research with practical applications, providing students and professors the freedom to innovate [16][20]. Group 3: Institutional Support for Innovation - HKUST has established a Knowledge Transfer Office to manage intellectual property and support researchers in patent applications, enhancing the commercialization of research [19]. - The university provides substantial financial support for early-stage ventures, including seed funding and the establishment of a HK$2 billion "Red Bird Fund" to support startups in key sectors [19][20]. - The combination of high academic standards and a relatively free innovation environment increases the likelihood of producing successful tech entrepreneurs [20]. Group 4: Unique Position in Global Context - The integration of industry, academia, and research in China offers a unique advantage compared to the U.S. and Europe, particularly in the field of smart hardware [21][25]. - The rapid prototyping capabilities in Shenzhen and Dongguan allow entrepreneurs to quickly test and iterate their products, a significant advantage over other global regions [25][26]. - The strong industrial base not only creates job opportunities but also drives the growth of Chinese tech enterprises [26]. Group 5: Future Opportunities and Educational Needs - The trend towards technological self-sufficiency in China will reshape global supply chains and create opportunities for domestic innovation [28][29]. - Future talent development in engineering and science must focus on interdisciplinary and cross-disciplinary education to meet the demands of emerging industries [30]. - HKUST's approach to education emphasizes integration and collaboration across various fields, preparing students for the complexities of modern technological challenges [30][32].

Core Viewpoint - The article discusses the significant financial loss experienced by Nicolas Puech, the heir to Hermès, due to alleged fraudulent activities by his long-time financial advisor, Eric Freymond, leading to the disappearance of shares valued at over €14 billion (approximately ¥100 billion) [2][5][8]. Group 1: Background and Context - Nicolas Puech, born in 1943, is a direct descendant of the founder of Hermès and was once a major individual shareholder with nearly 6% of the company [12][14]. - Puech's shares were reportedly sold or transferred without his knowledge starting in 2008, as he had distanced himself from family affairs and lived a quiet life [5][8]. - The relationship between Puech and Freymond, which began in the late 1990s, was characterized by trust, with Puech delegating financial management to Freymond [20][21]. Group 2: Allegations and Legal Proceedings - In 2024, Puech filed a criminal complaint against Freymond for breach of trust and asset misappropriation, while also pursuing civil lawsuits against LVMH and its chairman, Bernard Arnault, claiming that some of his shares ended up with LVMH [8][10][39]. - Freymond denied any wrongdoing, claiming a personal relationship with Puech, but his statements were inconsistent over time [8][39]. - Freymond died in a train accident in 2025, which complicated the investigation and left Puech without a key witness [8][39]. Group 3: Financial Dynamics and Market Implications - The article revisits the historical context of the stock battle between Hermès and LVMH, highlighting LVMH's covert accumulation of Hermès shares through derivatives and discreet transactions [9][30][34]. - By mid-2008, approximately 90% of Puech's shares had been sold, primarily to LVMH, which was aggressively expanding its luxury brand portfolio during that period [30][32]. - LVMH's actions were seen as a breach of industry norms, leading to regulatory scrutiny and a fine of €8 million for failing to disclose its shareholding in a timely manner [37][40]. Group 4: Personal and Social Dynamics - Puech's lifestyle and background contributed to his vulnerability, as he was accustomed to a world where wealth was managed automatically, leading to a lack of awareness regarding his financial situation [42][44]. - His close relationships, particularly with Freymond and his gardener, reflected a trust-based approach to personal and financial matters, which ultimately left him exposed to exploitation [45][48]. - The article illustrates the complexities of trust within elite social circles, where personal relationships can obscure professional responsibilities and lead to significant financial consequences [46][48].

Core Viewpoint - Huayi Brothers Media Co., Ltd. is facing financial difficulties, including overdue debts and a recent court-ordered consumption restriction due to an advertising contract dispute, indicating potential liquidity issues and operational challenges [3][4]. Financial Performance - For Q3, Huayi Brothers reported revenue of 62.6 million yuan, a year-on-year decline of 31.61%, and a net loss attributable to shareholders of 39.5 million yuan, with basic earnings per share at -0.01 yuan [5]. - In the first three quarters, the company achieved revenue of 215 million yuan, down 46.08% year-on-year, with a net loss of 114 million yuan and basic earnings per share at -0.04 yuan [5]. - Cumulatively, from 2018 to 2024, Huayi Brothers has incurred losses exceeding 8.2 billion yuan [6]. Legal and Operational Issues - A recent court ruling has placed a consumption restriction on Huayi Brothers and its legal representative, Wang Zhongjun, due to a dispute with Beijing Tairui Feike Technology Co., Ltd., with the company already having over 11.4 million yuan in enforced payments [3]. - As of December 10, 2025, the company reported overdue debts totaling 52.5 million yuan, which exceeds 10% of its audited net assets for 2024 [3]. - Wang Zhongjun's 15.4 million shares, representing 48.54% of his holdings and 5.55% of the total shares, are set for a second judicial auction, with an estimated market value of approximately 347.8 million yuan based on the current stock price [4].

Group 1 - The article introduces the "2026迎日历," emphasizing its role as a gentle reminder of the passage of time and personal growth [9][14][17] - The calendar is designed to help individuals embrace each season and moment, promoting a sense of stability and anticipation amidst uncertainty [6][9][13] - It features daily prompts for reflection and personal insights, encouraging users to document their experiences and feelings [15][17] Group 2 - The calendar is presented as a thoughtful gift for oneself or for others who deserve kindness, highlighting its emotional and supportive design [17] - It includes interactive elements that enhance the experience of using the calendar, making the act of turning pages a meaningful ritual [15][17] - The overall message of the calendar is to welcome light, love, and a better self, fostering a mindset of acceptance and tranquility [17]

本文转载自每日经济新闻 值班编辑 | 江江 视觉 | 顾芗 美国联邦储备委员会12月10日宣布，将联邦基金利率目标区间下调25个基点到3.5%至3.75%之间。这是 美联储继9月17日、10月29日降息后年内的第三次降息，幅度均为25个基点。 鲍威尔就降息决定发表讲话 12月10日，美联储主席鲍威尔就委员会降息决定发表讲话。鲍威尔表示，美联储的货币政策行动以促进 美国民众充分就业和物价稳定的双重使命为指导。在当日的会议上，委员会决定降息25个基点，短期内 通胀风险偏向上行，就业风险偏向下行，形势充满挑战。通过当日的决定，委员会在过去三次会议上已 累计下调政策利率0.75个百分点。此举有助于稳定劳动力市场，并在关税影响消退后，使通胀恢复至2% 的下降趋势。 鲍威尔称，自9月以来，委员会对政策立场的调整使其处于中性预期范围内，这使他们能够根据最新数 据、不断变化的经济前景以及风险平衡，更好地确定政策利率进一步调整的幅度和时机。 鲍威尔表示，在联邦公开市场委员会（FOMC）的经济预测总结中，与会者分别就各自认为最有可能的 经济情景下联邦基金利率的适当路径进行了评估。2026年底联邦基金利率的预测中值为3.4%，20 ...