Core Viewpoint - Wallen Technology, a Chinese high-performance general-purpose computing chip company, made its debut on the Hong Kong Stock Exchange on January 2, 2024, with a significant price increase of over 118% from its opening price [2][5][8]. Group 1: Company Overview - Wallen Technology, established in 2019 and headquartered in Shanghai, focuses on the research and development of general-purpose GPUs and AI acceleration chips, aiming to provide computing power solutions for AI training, inference, and high-performance computing [5][6]. - The company is recognized as one of the "Four Little Dragons" of domestic GPUs in China [4][8]. Group 2: IPO Details - The IPO was priced at HKD 19.60 per share, raising approximately HKD 5.583 billion, and attracted 471,000 retail investors, marking it as the most subscribed new stock in the Hong Kong market over the past year [5][12]. - This IPO is the largest fundraising project since the implementation of Chapter 18C of Hong Kong's listing rules [5]. Group 3: Market Position and Projections - As of 2024, Wallen Technology holds a market share of 0.16% in China's intelligent computing chip market and 0.20% in the GPGPU market, with expectations to capture approximately 0.2% of the market by 2025, which is projected to reach USD 50.4 billion [6][12]. - The company has secured sales agreements valued at approximately RMB 1.241 billion and plans to launch its next-generation flagship data center chip, the Wallen™ 20X series, by 2026 [7]. Group 4: Financial Performance - Wallen Technology's revenue from 2022 to 2024 is projected to be RMB 0.5 million, RMB 62.03 million, and RMB 337 million, with adjusted net losses of RMB 1.038 billion, RMB 1.051 billion, and RMB 767 million respectively [12]. - As of the first half of 2025, the company reported revenue of RMB 58.9 million and an adjusted net loss of RMB 552 million [12]. Group 5: Investment and Support - The IPO attracted 23 cornerstone investors, including prominent firms such as Qiming Venture Partners and Ping An Life Insurance, providing strong backing for the company [10][11].

来源：央视新闻 新华社 俄称打击乌方目标 当地时间1月1日，俄罗斯国防部发布战报称，过去24小时，俄军对乌军以及乌能源设施、弹 药库、无人机设施等实施了打击。俄军击落乌军一架苏-27战斗机，俄军防空系统拦截了1枚 制导航空炸弹和250架乌军无人机。 乌军袭击俄炼油设施和军事目标 乌克兰武装部队总参谋部1月1日在社交媒体发文称， 乌军当天凌晨对俄多个炼油设施和军事 目标实施打击。 乌武装部队总参谋部说， 袭击导致俄罗斯鞑靼斯坦共和国阿尔梅季耶夫斯克地区一处原油预 处理设施起火，克拉斯诺达尔边疆区伊利斯基炼油厂也在遭袭后起火 。此外，乌军还袭击了 顿涅茨克地区的俄军目标。 据俄新社1月1日报道，乌克兰无人机当天袭击俄鞑靼斯坦共和国阿尔梅季耶夫斯克地区一处 石油设施并引发火灾。 据俄外交部声明和赫尔松州俄控区行政官员发布的消息，三架乌军无人机在跨年夜袭击黑海 沿岸霍尔雷镇一家咖啡馆和一家酒店，其中一架无人机携带混合燃烧物。事发时，当地居民 正在那里庆祝新年。 袭击引发大火，造成包括儿童在内至少24人死亡、逾50人受伤。 俄外交部声明，俄联邦侦查委员会依据"恐怖主义行为"相关法律条款，正对这一事件进行刑 事立案调查。 ...

来源： 中国驻纽约总领馆 近期，美国东部地区发生多起交通事故，造成中国公民伤亡，十分令人痛心。出行在外， 时刻牢记：安全第一！值此岁末年初之际，驻纽约总领事馆提醒领区中国公民注意交通安 全: 三、如遇交通事故，请保持冷静，在确保人身安全前提下，及时报警并联系保险公司处 理。 全美报警、求助电话: 911 (可要求中文服务) 如需领事协助，可联系驻纽约总领事馆领事保护专线电话：+1-212-6953125。 外交部全球领事保护与服务应急呼叫中心电话（24小时）：+86-10-12308或+86-10- 65612308。 les & FR 点击下载中国基金报客户端 ■ 中国基金报内容矩阵 ■ 巅峰对话 投资热点说 ETF风向标 IPO情报站 fe o 1 ■ a a - 444 and 4 4 CHINAFUND CHINAFUND CHINAFUND CHINAFUND 开盘速递 港股日报 全球早班车 数说人物 √ � [ 8 a 4 a g a d 4 4 4 CHINAFUND CHINAFUND CHINAFUND CHINAFUND ●微信搜一搜( 〔 〔 中国基金报 〕即刻获取财经资讯 一、美东地区 ...

车企月度竞争仍是"你追我赶"的态势。2025年12月，蔚来、小米等车企的交付量（销量）均创新高，而在此前多个月份是零跑等车企遥遥 领先。 多家车企人士向记者表示，基于年底车企冲刺销量的需求，以及2026年新能源汽车购置税减半等政策变化，大部分车企在2025年12月的 销量会比较高。 对比全年交付量（销量），更能凸显汽车市场竞争的激烈。比亚迪、理想作为2024年的"大赢家"，2025年的增长势头落后于吉利汽车、 零跑、小米等车企。 【 导读 】 多家车企冲上微博科技热搜，超额完成年度目标成关键词 中国基金报记者 邱德坤 2026年1月1日，微博科技热搜一度被车企霸榜，主要与车企交付量（销量）有关。 多家车企掌门人在受访时表示，汽车行业就像是一场没有尽头的马拉松，一时的领先很正常，困难的是持续能赢，或者退一步后要一直能 在"牌桌"上。 | 车企 | 2025年全年(辆) | 同比 | 2024年全年(辆) | | --- | --- | --- | --- | | 比亚迪 | 460. 24万 | 7.73% | 427.21万 | | 吉利汽车 | 302. 46万 | 38. 96% | 217.66万 | ...

突 发 黑 天 鹅，闪 暴 跌！ 崩 2025年12月31日，全球首艘24000标准箱甲醇双燃料集装箱船在南通下水。该船是目前全球载箱量最 大、技术最先进的绿色清洁能源集装箱船之一，标志着我国在船舶智能制造与绿色航运领域实现重大突 破。 本次下水的24000标箱甲醇双燃料集装箱船，由南通中远海运川崎船舶工程有限公司自主研发设计。该 船采用先进的甲醇双燃料动力系统，兼具高效能与低排放特性，在全程运营中可实现"碳中和"目标。 该船的成功建造，填补了我国在甲醇双燃料超大型集装箱船设计领域的空白。 来源：科技日报 ...

Group 1: Influenza Situation in the U.S. - The flu activity level in the U.S. is on the rise, with approximately 7.5 million cases reported this flu season, including around 81,000 hospitalizations and about 3,100 deaths [2] - The dominant strain this season is the H3N2 influenza virus, with 89.5% of analyzed samples belonging to the K lineage of H3N2 [2] - The CDC has distributed approximately 130 million doses of the flu vaccine and recommends annual vaccination for individuals aged 6 months and older to reduce the risk of infection and severe outcomes [2] Group 2: Tariff Adjustments on Italian Pasta Exports - The U.S. Department of Commerce has lowered the proposed tariff rates for 13 Italian pasta exporters, with Garofalo's rate reduced to 13.89% and La Molisana's to 2.26%, while the remaining 11 companies face a uniform rate of 9.09% [4] - This tariff adjustment coincides with the U.S. decision to postpone additional tariffs on certain imported furniture [5] Group 3: U.S. Tariff Suspension on Soft Furniture - The U.S. government has postponed plans to increase tariffs on imported soft furniture, kitchen cabinets, and bathroom vanities, which are currently subject to a 25% tariff [7] - The planned increase to 50% for kitchen cabinets and bathroom vanities, and to 30% for soft furniture, has been delayed until January 1, 2027, due to rising prices impacting consumers and builders [7] Group 4: U.S. Military Actions in Venezuela - The U.S. military conducted strikes against two vessels allegedly involved in drug trafficking, resulting in five fatalities [8] - The U.S. has deployed naval forces in the Caribbean near Venezuela under the "Southern Sword" operation, targeting what it claims are drug trafficking activities [8] Group 5: Sanctions on Venezuelan Oil Companies - The U.S. Treasury Department has imposed sanctions on four companies operating in the Venezuelan oil sector and has frozen four related oil tankers [10]

Core Viewpoint - A new study identifies the largest 16 ancient river basins on Mars as the most promising areas for searching for extraterrestrial life, suggesting that these regions may have once supported conditions favorable for life due to the presence of liquid water [1][2]. Group 1: Research Findings - The study reveals that Mars has 19 major valleys, streams, lakes, canyons, and sediment groups, with 16 of them forming interconnected basins covering at least 100,000 square kilometers each [1]. - These large river systems are believed to transport more nutrients, which could help sustain diverse ecosystems, similar to Earth's most fertile ecological systems [1]. - Although these large basins account for only about 5% of Mars' surface area, they contribute approximately 42% of the river-eroded sediments on the planet, making them key targets for finding evidence of past life [1].

Core Viewpoint - The Indian government has announced a new tax on cigarettes, leading to a significant drop in tobacco stocks, with major companies like ITC and Godfrey Phillips India experiencing sharp declines in their stock prices [2][3]. Group 1: Tax Impact on Tobacco Industry - The new excise duty on cigarettes will be implemented from February 1, with tax rates ranging from 2050 to 8500 rupees (approximately $22.82 to $94.60) per 1000 cigarettes based on length [6]. - Analysts predict that this tax increase could lead to a 22% to 28% rise in overall costs for cigarettes measuring 75 to 85 millimeters, potentially resulting in a price increase of 2 to 3 rupees per cigarette [6][7]. - The new tax will be added on top of the existing 40% Goods and Services Tax (GST), further increasing the financial burden on consumers [7]. Group 2: Market Reactions and Company Performance - ITC, a leading player in the tobacco sector, saw its stock drop by 9.7%, while Godfrey Phillips India experienced a 17% decline, contributing to a 3.2% drop in the fast-moving consumer goods index [3][6]. - The uncertainty surrounding the tax's impact has led to increased pressure on stock prices, with analysts noting that ITC may need to raise prices by at least 15% to offset the tax burden [7]. - The first major shareholder of ITC, British American Tobacco, is reportedly reducing its stake, adding to the company's challenges in navigating the new tax landscape [7]. Group 3: Government's Rationale and Broader Context - The Indian government aims to keep cigarettes "sufficiently expensive" as a means to curb usage and alleviate pressure on public health systems, with tobacco-related diseases costing the economy over 2.4 trillion rupees (approximately $267 billion) annually [8]. - The government has previously implemented measures to prevent tobacco products from becoming cheaper and more accessible, including new health and national security taxes on machinery used for tobacco production [8].

Core Viewpoint - Meike Home (600337) is transforming its business by acquiring Wande Technology, aiming to enter the high-speed copper cable interconnection sector, with stock resuming trading on January 5, 2026 [1] Group 1: Acquisition Details - Meike Home plans to acquire 100% equity of Wande Technology through a combination of share issuance and cash payment, with fundraising for the acquisition [3] - The transaction is not expected to constitute a major asset restructuring for Meike Home, nor will it change the company's control [3] - Wande Technology's products include active and passive high-speed copper cable components and LOOPBACK intelligent loopback testing modules, enhancing communication bandwidth and transmission efficiency in data centers [3] Group 2: Financial Performance - Wande Technology has an annual automated production capacity of 500,000 units, with its 800G/400G high-speed cable production line already operational, achieving an efficiency of 150 UPH [4] - For the period of January to September 2025, Wande Technology reported total revenue of 76.29 million and a net profit attributable to shareholders of 18.35 million [4] Group 3: Strategic Shift - Meike Home is shifting from traditional furniture business to new productive forces, emphasizing strategic contraction in its core furniture operations while exploring government-supported industries [4] - The acquisition is seen as a step towards enhancing R&D, production, and sales capabilities in the high-speed interconnection sector, leveraging Wande Technology's expertise [4] Group 4: Industry Trends - Several real estate companies are pursuing acquisitions to transition into other industries, with examples including Time Space Technology acquiring a semiconductor storage firm and New Dazheng aiming to enter the high-growth IFM sector [4]

发言人指出，欧方无视历史排放责任、国家发展阶段和技术水平，打着防止"碳泄漏"的气候幌 子推行新的贸易保护主义，将自身碳标准强加于发展中国家，造成气候与贸易治理规则冲突， 抬升发展中国家气候行动成本，严重损害国际社会互信，与各方合作应对气候变化、推进可持 续发展的努力背道而驰。希望欧方遵守气候和贸易相关国际规则，摒弃单边主义、保护主义， 保持市场开放，本着公平、科学、非歧视的原则，促进绿色领域贸易投资自由化便利化。中方 愿与欧方相向而行，合作应对全球气候变化挑战，但将坚决采取一切必要措施，回应任何不公 平的贸易限制，维护自身发展利益、中国企业合法权益和全球产业链供应链的稳定。 les & FR 点击下载中国基金报客户端 ■ 中国基金报内容矩阵 ■ 巅峰对话 投资热点说 ETF风向标 IPO情报站 fe o 1 ■ a a - 444 and 4 4 CHINAFUND CHINAFUND CHINAFUND CHINAFUND 开盘速递 港股日报 全球早班车 数说人物 √ � [ 8 a 4 a g a d 4 4 4 CHINAFUND CHINAFUND CHINAFUND CHINAFUND ●微信搜一搜 ...