梳理发现，2021年至2024年，高考报名人数与本专科招生数 的"剪刀差"从76.7万逐步升至273.1万；自2020年以来，普 通高中招生数与中等职业学校招生数的差距越拉越大，越来越 多的中考生能够进入普高。 作者：李静 田进 封图：图虫创意 又是一年高考季。教育部数据显示，今年高考报名人数为1335万人，相比去年下跌7万人，为2017 年来高考报名人数首次下滑。 2023年高考报名人数为1291万人，其中本科院校（包含普通本科、职业本科）录取人数为487.1万 人，高职（即专科）录取人数为555.1万人。 梳理发现，2021年至2024年，高考报名人数与本专科（包括普通本科、职业本科、专科）招生数 的"剪刀差"从76.7万逐步升至273.1万；自2020年以来，普通高中（下称"普高"）招生数与中等职 业学校（下称"中职"，包括普通中专、成人中专、职业高中和技工学校）招生数的差距越拉越大， 越来越多的中考生能够进入普高。 对于今年高考报名人数的减少，中国教育科学研究院研究员储朝晖认为， 主要减少的是复读生， 以及已经 取得 中专学历想报考大学的人群，这两部分人群的数量下降了。 大专扩招趋缓 从图一来看，20 ...

在这个互联网时代，文旅经营者不要怀有一丁点儿侥幸心理。 只要发生一次破坏游客安全感的事件，此前积累的声誉很可能 就白费了。这不怪公众矫情，因为游客的安全感就是文旅的生 命线。 作者：言咏 封图：图虫创意 最近文旅业有两件事牵动人心。一是游客入住杭州西溪紫金港亚朵酒店时，发现枕套上印着一家医 院的logo。涉事酒店在6月3日发文致歉，称问题的根源是洗涤供应商出现了严重工作失误，酒店已 停止与此供应商的合作。虽然犯错的源头是洗涤供应商，但酒店显然难辞其咎，布草洗涤完成送回 后，酒店没有把好检验关，不然不会出现这样低级的漏洞。另外，布草洗涤行业是否违背了相应规 范，把酒店枕套和医院枕套混洗，也让人生疑。 另一件事发生在三亚。一名27岁的女游客晚上在酒店附近散步时被不明物咬伤脚趾，辗转两家医 院后不治身亡。家属怀疑是被毒蛇咬伤，质疑首诊医院存在误诊，延误了治疗；第二家医院抢救措 施也有所失当。三亚市卫健委在6月3日启动调查。涉事医院救治过程是否存在过错，还需要等待 进一步的调查结果，但这一极端个案背后，多少还是反映了当地在应急救治上的拖沓和无力。 这两件事之所以引起公众的强烈关注，是因为它们都击破了旅游的安全感。如果 ...

王东升二次创业的"芯"产业版图估值早已超过300亿元。 作者：牛钰 封图：图虫创意 从京东方退休后二次创业的王东升，又将一家芯片独角兽企业送上了IPO（首次公开发行）之路。 5月30日，北京奕斯伟计算技术股份有限公司（下称"奕斯伟计算"）首次向香港交易所（下称"港 交所"）递交招股书。奕斯伟计算是一家专注于RISC-V（开源指令集架构）的企业。 若能成功在港上市，奕斯伟计算有望成为"RISC-V第一股"。 6月5日，对于筹备IPO的进程和背后的细节，奕斯伟计算相关工作人员对经济观察报表示，因公司 正处于静默期不方便回复。 奕斯伟计算的单一最大股东为北京奕斯伟科技集团有限公司（下称"奕斯伟集团"），王东升为奕斯 伟集团的实际控制人和董事长。在该集团的子公司中，还有估值约240亿元的西安奕斯伟材料科技 股份有限公司（下称"奕斯伟材料"）和几十家科技行业的子公司。 "火星"与"造芯" 招股书引用的弗若斯特沙利文资料显示，按2024年相关收入计算，奕斯伟计算是国内最大的RISC- V全定制解决方案供应商。 从公开信息可见，在奕斯伟计算身上，知名机构云集。中信证券和中信建投国际为奕斯伟计算IPO 的保荐人。从2019年 ...

Core Viewpoint - The stability of stablecoins relies heavily on real-world financial order, legal structures, and monetary policies rather than solely on blockchain technology. Their stability will ultimately be tested by market pricing, regulatory frameworks, and user trust [1][29]. Group 1: Circle's IPO and Market Position - Circle went public on June 5, 2025, on the NYSE, becoming the first publicly traded stablecoin company, with an initial stock price of $83.23, a 168.48% increase from its offering price, and a total market capitalization of $18.4 billion [2][7]. - The IPO signifies a shift towards regulatory compliance, as Circle has obtained licenses in key jurisdictions, including Singapore and the EU, and will now adhere to higher standards of information disclosure and governance [8]. - Circle's primary revenue model involves earning interest from user deposits by investing in money market funds and government bonds, similar to traditional banks, which raises questions about its sustainability in a changing interest rate environment [8][15]. Group 2: Competitive Landscape and Regulatory Environment - The stablecoin market is dominated by USDT and USDC, which together account for over 86% of the market, highlighting the competitive pressures and regulatory uncertainties that Circle faces [3][4]. - The recent passage of the GENIUS Act in the U.S. Senate and the Stablecoin Ordinance in Hong Kong indicates a global acceleration in stablecoin regulation, which could impact Circle's operations and market positioning [32][33]. Group 3: Financial Performance and Risks - Circle reported a net profit of approximately $157 million for 2024, primarily from interest income, but its profitability is highly dependent on the prevailing interest rates set by the Federal Reserve [8][17]. - The company faces systemic risks, including its strong reliance on interest rates, market concentration with USDT, and regulatory gray areas due to its non-bank financial institution status [17][18]. - The governance structure of Circle raises concerns about decision-making centralization and potential conflicts of interest, as key executives hold significant voting power and have ties to other crypto entities [14][29]. Group 4: Market Dynamics and User Trust - The stability of USDC is demonstrated by its trading range, which remained close to $1, indicating strong price anchoring, while USDT exhibited more volatility [23][24]. - The true stability of stablecoins is influenced by liquidity limits, jurisdictional risks, and governance transparency, emphasizing the importance of real-world financial systems in maintaining their value [27][28][29].

在举报信中，中小股东指出，*ST龙宇大股东为徐增增一家3 人，大股东存在占用上市公司资金尚有8.68亿元未归还，"背 信损害上市公司利益"，涉嫌"恶意退市"等问题。 作者：张晓晖 封图：图虫创意 2025年5月29日晚间，上海龙宇数据股份有限公司（603003.SH，下称"*ST龙宇"或"龙宇股份"） 公告表示，因为个人及身体原因，公司实际控制人（下称"实控人"）之一徐增增女士申请辞去公司 董事长、董事、董事会下设专门委员会及公司法定代表人等职务。 徐增增现年73岁，是*ST龙宇的创始人，与刘振光、刘策一起为该公司的实控人，其中刘振光是徐 增增的丈夫，现年74岁；刘策是徐增增的儿子，现年48岁，在该公司担任董事、总经理。 公告显示，2025年5月30日，*ST龙宇因2024年度财务会计报告被出具无法表示意见的审计报告， 内部控制被出具否定意见的审计报告，触及终止上市条件，被上海证券交易所（下称"上交所"）决 定终止公司股票上市。6月10日，*ST龙宇股票进入退市整理期，预计最后交易日期为6月30日。 经济观察报记者获悉，目前有两拨*ST龙宇的中小股东提出诉求，合计持股份额超过11%。一拨中 小股东委托律师，提 ...

如果说光刻机是"芯片之父"，负责将芯片设计付诸物理实现， 那么EDA便是"芯片之母"，它是一系列复杂的软件工具集合， 是工程师赖以在硅片这块微小画布上进行精密勾勒排布的"画 笔"。 作者： 郑晨烨 封图：图虫创意 近日，美国商务部工业与安全局（BIS）通知包括新思科技（Synopsys）、铿腾电子（Cadence） 与西门子EDA（Siemens EDA）在内的全球主要EDA（电子设计自动化）软件供应商，要求其未 经许可不得对华销售相关产品或提供技术支持。 众所周知，如果说光刻机是"芯片之父"，负责将芯片设计付诸物理实现，那么EDA便是"芯片之 母"，它是一系列复杂的软件工具集合，是工程师赖以在硅片这块微小画布上进行精密勾勒排布 的"画笔"。 那么，面对此次断供，中国本土EDA厂商能否抓住这一机遇窗口呢？就此，CINNO Research首席 分析师周华向记者表示，国内EDA产业的优势在于价格和定价方面更加灵活，在政策支持以及国 产替代大方向确定的背景下，未来国产EDA的发展值得乐观期待。 国产EDA的机遇 根据华兴证券6月4日发布的研报信息，上述三大 EDA厂商在中国市场的合计市场份额约为80%。 根据新思 ...

Core Viewpoint - The battery industry is currently facing a paradox of growth and loss, with a booming market demand juxtaposed against a brutal price war that compresses profitability [2][8] Industry Diagnosis - The fundamental issue in the battery industry is the "inversion of value and price," where irrational capacity expansion driven by capital influx leads to price wars when market growth slows [8] - Companies are shifting focus from long-term value creation to short-term survival, resulting in strategic shortsightedness [8] - The competition in technology, such as charging rates, often prioritizes marketing over solving real user problems, leading to a disconnect between technological advancements and practical applications [9][10] Path Forward - Companies should prioritize innovations that create real value for users rather than flashy technological features [5][6] - The industry must navigate between standardization for cost advantages and differentiation to avoid price wars, which presents a strategic dilemma [2][15] Safety and Performance - Safety is the top priority in battery technology, and achieving it requires innovative engineering designs rather than solely relying on material safety [12][14] - The concept of "structural safety" is proposed, which involves physical isolation of battery components to prevent thermal runaway [13][14] Competitive Advantage - A successful strategy involves both unique technology ("spear") and efficient platform capabilities ("shield") to sustain market presence [15] - Companies should develop platform products that can be adapted for various customer needs, balancing standardization and differentiation [15] Market Opportunities - Future growth in the battery industry will come from the "re-segmentation of application scenarios," including off-road electric vehicles, hybrid electric vehicles (HEVs), and the electrification of commercial vehicles [17][18] - The competition in the market will not be solely between lithium iron phosphate and ternary batteries, but rather a division of roles based on their respective strengths [21] Globalization Challenges - The main challenge for Chinese battery companies in global markets is transitioning from "product output" to "system output" and "value output," requiring a comprehensive understanding of local markets and operational capabilities [22][23][25] - Establishing a complete system that includes R&D, sales, and service in overseas markets is essential for success [25][26]

Core Viewpoint - The article discusses the controversy surrounding the health product ergothioneine, with prominent biologist Rao Yi criticizing its promotion by Kelun Pharmaceutical, while Kelun defends its scientific validity and market positioning [2][3][4][8]. Group 1: Criticism of Ergothioneine - Rao Yi labels ergothioneine as a "fake drug" due to its lack of approval as a medicine, arguing that products without sufficient evidence should not be marketed as effective [4][5][6]. - Rao Yi expresses a general skepticism towards health supplements, stating that most promoted in China are misleading and detrimental to social ethics [11]. - Rao Yi criticizes the marketing tactics of Kelun's chairman, Liu Gexin, who used his physique to promote ergothioneine, suggesting it misleads the public into believing the product can deliver similar results [16][17]. Group 2: Kelun Pharmaceutical's Response - Kelun Pharmaceutical responds to Rao Yi's criticisms by emphasizing the scientific basis and safety of ergothioneine, citing its applications in various health domains such as sleep, cognition, skin aging, and cardiovascular health [7][13]. - The company outlines four key arguments in defense of ergothioneine: scientific validation, global regulatory backing, commitment to preventive medicine, and the promotion of industry standardization [7]. - Kelun highlights that ergothioneine has been recognized as a novel food supplement in developed regions, supported by clinical research published in top-tier journals [7][8].

Core Viewpoint - The article discusses the trend of Chinese companies leveraging cloud services to facilitate their international expansion, highlighting the shift from traditional infrastructure investments to cloud-based solutions for efficiency and cost-effectiveness [2][4][18]. Group 1: Cloud Adoption and Challenges - Many Chinese enterprises initially hesitated to migrate core systems to the cloud, often resorting to building multiple data centers for overseas operations [2][3]. - Companies like Aishi Technology have successfully utilized cloud services to overcome technical challenges and expand into international markets [3][4]. - The collaboration with cloud providers has enabled companies to address complex issues in new markets, reducing the barriers to entry [4][6]. Group 2: Cost Efficiency and Competitive Edge - Cost control is a critical consideration for companies going global, with Aishi Technology emphasizing efficiency in model training from the outset [11][12]. - GAC Group's experience shows that cloud services can significantly reduce operational costs compared to traditional infrastructure, with savings of up to 50% compared to competitors like AWS [9][11]. - The use of cloud services allows companies to avoid the high costs and lengthy timelines associated with building private data centers [3][6]. Group 3: Global Market Dynamics - The landscape for Chinese companies expanding overseas has evolved, with a shift from merely exporting products to establishing operational capabilities abroad [6][18]. - The demand for data management and compliance in international markets is increasing, presenting challenges for companies like GAC Group [6][7]. - The article notes that cloud providers are enhancing their global infrastructure to support the international ambitions of Chinese enterprises [14][15]. Group 4: Strategic Importance of Cloud Services - Alibaba Cloud's strategy emphasizes the importance of global expansion alongside AI development, with plans to invest significantly in infrastructure [17][18]. - The article highlights that over 250,000 Chinese companies have utilized Alibaba Cloud to support their international ventures, showcasing the platform's role as a critical enabler for globalization [18].

6月6日，A股开盘，上证指数高开0.01%，深证成指高开0.02%，创业板指低开0.04%。（编辑 王 俊勇） ...