36氪获悉，联想集团与英伟达近日共同宣布，两家公司将进一步深化在人工智能基础设施领域的合作， 联合推出"联想人工智能云超级工厂"。同时，联想中国正式发布了"联想AI工厂"整体解决方案，旨在帮 助企业数据中心从传统"算力中心"向高效"AI工厂"的智能化转型，助力其全栈AI技术在中国的应用实践 与全面落地。 OpenAI：推出用户年龄预测功能，以保护未成年用户 美东时间周二，OpenAI表示，已在其ChatGPT消费者计划中推出一款年龄预测模型，以帮助该公司识别 属于18岁以下用户的账户。近几个月来，OpenAI已推出多项新的安全功能，以应对有关其如何保护用 户（尤其是未成年人用户）的日益严格的审查。OpenAI表示，如果其年龄预测模型显示用户未满18 岁，ChatGPT将自动启用保护措施，减少展示"敏感内容"。如果已成年用户的年龄被错误判定为未满18 岁，他们将能够使用身份验证服务Persona来恢复完全访问权限。（智通财经） 大公司： 日本最大核电站重启 当地时间1月21日，日本东京电力公司重启柏崎刈羽核电站6号机组。日本最大核电站——柏崎刈羽核电 站由东京电力公司运营，2011年"3·11"东日本大地震后一 ...

Core Viewpoint - Yonghui Supermarket is facing significant financial challenges as it transitions from "scale expansion" to "quality growth," with projected net losses for 2025 expected to reach -21.4 billion yuan, a 45.58% increase in losses compared to the previous year [3][23]. Financial Performance - The company anticipates a net loss of -21.4 billion yuan for 2025, compared to a loss of 14.7 billion yuan in the previous year [3][23]. - The total market capitalization of Yonghui Supermarket is reported at 422.9 billion yuan, with a stock price of 4.66 yuan per share, reflecting a 4.7% decline [24]. Store Adjustments - Yonghui plans to deeply adjust 315 stores and close 381 stores that do not align with its future strategic positioning [3][23]. - The financial impact of store adjustments includes approximately 9.1 billion yuan in asset write-off losses and an estimated 3 billion yuan in gross profit losses due to store closures and renovations [6][26]. Strategic Challenges - Analysts suggest that Yonghui is trapped in a "scale diseconomy" due to high fixed costs from rapid expansion and declining single-store productivity [4][24]. - The company has struggled to adapt its traditional fresh supply chain advantages to the digital age, losing ground to competitors like Hema and Sam's Club [4][24]. Supply Chain Reforms - Yonghui has initiated supply chain reforms focusing on transparency, quality-driven strategies, and efficiency improvements, but faces short-term challenges such as stock shortages and declining gross margins [8][28]. - The reforms are seen as a necessary "surgical" approach to clear risks and prepare for a potential recovery by 2027, despite the significant losses incurred [8][28]. Leadership Changes - Recent leadership changes include the appointment of a new CEO, Wang Shoucheng, who aims to focus on high-quality adjustments and product strategies [43][45]. - The influence of Miniso, which has become the largest shareholder, is expected to shape Yonghui's future strategies and operational decisions [45]. Market Positioning - Yonghui's previous competitive advantage in lower-tier cities is being challenged by the rise of e-commerce and community group buying, leading to a reevaluation of its business model [37][39]. - The company is attempting to enhance customer experience through the "Fat Reform" initiative, but faces difficulties in replicating the success of competitors like Fat Donglai [40][41].

Core Viewpoint - Yonghui Supermarket has reported a projected net loss of 2.14 billion yuan for 2025, marking its fifth consecutive year of losses [1] Group 1: Financial Performance - Yonghui Supermarket's cumulative losses since 2021 have approached 10 billion yuan [2] - The company expects a net profit loss of 2.14 billion yuan and a non-recurring net profit loss of 2.94 billion yuan for 2025 [1] - The financial impact of the reform efforts, termed "learning from Pang Donglai," has resulted in over 1.2 billion yuan in losses due to store closures and renovations [11][12] Group 2: Strategic Changes - Yonghui initiated a reform plan in May 2024, aiming to emulate the successful strategies of Pang Donglai, including store renovations and employee salary increases [5][7] - The company has closed 381 stores that do not align with its new strategic direction while renovating 315 others [11] - Despite these efforts, the company has struggled to achieve profitability, with its strategic direction remaining inconsistent [10][20] Group 3: Comparison with Competitors - Pang Donglai has achieved significant success, with revenues exceeding 18 billion yuan and high customer demand, contrasting sharply with Yonghui's ongoing losses [2][12] - The success of Pang Donglai is attributed to its founder's long-term operational philosophy and focus on employee welfare, which Yonghui has failed to replicate effectively [8][13] Group 4: Operational Challenges - Yonghui's overexpansion in the 2010s has led to inefficiencies and a loss of management control, resulting in a shift to a "store closure for survival" strategy [14][15] - The company's supply chain capabilities are weak, relying heavily on third-party logistics, leading to higher costs and waste [17] - Yonghui's frequent shifts in strategic focus over the past five years have hindered its ability to establish a stable market position [18] Group 5: Future Outlook - Yonghui is planning a 3.114 billion yuan capital increase, with 77% allocated for store upgrades and further alignment with Pang Donglai's model [22] - The company is advised to focus on consolidating its strengths in traditional markets rather than pursuing widespread changes [24] - A more targeted approach in developing high-efficiency stores could be essential for reversing its financial decline [24]

哪些上市公司年报业绩预计大幅亏损？ 黄金概念股大涨 今日（1月21日），A股市场维持窄幅震荡，上证指数收盘微涨0.08%。全天A股成交2.62万亿元，降至1月以来次低水平。黄金概念、玻璃基板、锂矿、先 进封装、CPO概念等涨幅居前。 黄金概念近日持续火爆，最新指数已创历史新高。盘面上，概念股招金黄金、白银有色（维权）、四川黄金、西部黄金、国城矿业（维权）等均录得涨停 板。 招金黄金（000506）目前已连续收获3个涨停板，拉长时间来看，该股近两年来涨幅惊人，以最新收盘价与近两年来的低点相比，招金黄金最大涨幅已达 到20.72倍，是同期黄金概念及有色金属行业涨幅最高的股票。 公开资料显示，招金黄金营业收入主要为黄金产品销售和房屋租赁收入，其中黄金销售业务占比达到98%以上。2025年前三季度，公司实现净利润0.82亿 元，同比扭亏为盈。 公司近日接受机构调研时表示，瓦图科拉金矿尾矿约1800万吨，品位约1g/t—1.5g/t，回收率约40%。目前瓦图科拉金矿排水工作已基本完成，正在进行采 场作业面恢复工作。 国晟科技（维权）遭遇5个跌停 1月21日早盘，国晟科技（603778）开盘跌停，收盘时跌停板封单达94. ...

针对2025年亏损原因，永辉超市在公告中指出，2025年，其进行了重大的经营战略调整，从"规模扩张"转向"质量增长"，重新定位了"新永辉、新品质"的 战略发展。在门店布局方面，2025年，其深度调改了315家门店，并关闭了381家与公司未来战略定位不相符的门店。 门店调改对公司利润的影响主要包含调改相关的资产报废损失、停业装修营业收入损失、一次性开办费投入等，其中资产报废及一次性投入合计约9.1亿 元。此外，门店因停业装修产生的毛利额损失预估约3亿元。关闭381家门店也产生了较大损失，主要包含资产报废损失、人员优化离职补偿、租赁相关的 违约赔偿等。 昨天（1月20日），永辉超市发布业绩预告称，经公司财务部门初步测算，2025年，其归属于上市公司股东的净利润为-21.4亿元，归属于上市公司股东扣 除非经常性损益后的净利润为-29.4亿元。自2021年以来，永辉超市连续5年亏损，累计亏损约116.41亿元，其2025年的亏损金额也超过了2023年和2024 年。 针对2026年是否会继续大幅关店，昨晚（1月20日），记者向永辉超市相关负责人了解情况，截至发稿，尚未收到回复。 永辉超市自2024年5月6日启动胖东来 ...

| 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | | --- | --- | --- | --- | --- | --- | --- | | 600785 | 新华百货 | 22.44 | 3.41% | 44.64万 | | 10.01亿 | | 000007 | 全新好 | 11.28 | 2.73% | 7.15万 | | 7971.94万 | | 000058 | 深塞格 | 9.68 | 1.89% | 17.60万 | | 1.70亿 | | 601116 | 三江购物 | 16.52 | 1.04% | 45.63万 | | 7.57亿 | | 603123 | 翠微股份 | 13.45 | 0.90% | 26.52万 | | 3.55 Z | | 300947 | 德必集团 | 21.91 | 0.69% | 9.71万 | | 2.10亿 | | 002344 | 海宁皮城 | 4.96 | 0.40% | 16.42万 | | 8142.60万 | | 000419 | 通程控股 | 6.60 | 0.15% | 11.52万 | | 7530.08 ...

Market Performance - The three major A-share indices collectively rose, with the Shanghai Composite Index increasing by 0.08% to close at 4116 points, the Shenzhen Component Index rising by 0.7%, and the ChiNext Index up by 0.54%, having once surged over 1.5% during the session [1][2] - The total market turnover reached 2.61 trillion yuan, a decrease of 180.5 billion yuan compared to the previous trading day, with nearly 3100 stocks advancing [1] Sector Performance - The precious metals sector saw significant gains, with spot gold surpassing 4880 USD, leading to a surge in related stocks such as Zhaojin Mining and Chifeng Jilong Gold, both hitting the daily limit [3] - The CPO concept stocks also performed well, with companies like Huatian Technology and Tongfu Microelectronics reaching their daily limit [3] - Lithium mining stocks were active, with Shengxin Lithium Energy and others hitting the daily limit [3] - The PCB sector experienced a rise, with Dazhu CNC reaching the daily limit [3] - Conversely, the duty-free and commercial retail sectors declined, with Guangbai Co. and Yonghui Superstores leading the losses [3] - The electric grid equipment sector weakened, with Sanbian Technology dropping over 8% [3] - Coal stocks also fell, with Dayou Energy declining by over 8% [3]

据中登公司数据显示，截至1月16日，永辉超市共有192569.48万股无限售股份已质押，质押比例为21.22%。 | 日期 | 证券代 | 证券简 | 质押笔 | 无限售股份质押数里 | 有限售股份质押数里 | A股总股本 | 质押比例 | | --- | --- | --- | --- | --- | --- | --- | --- | | | 집 | 都 | 教 | (万) | (万) | (万) | (%) | | 20260116 | 601933 永辉超市 | | | 192569.48 | 0.00 | 907503.70 | 21.22 | 中国经济网北京1月21日讯 永辉超市(601933.SH)昨晚披露2025年年度业绩预亏公告称，经公司财务部门初步测算，公司预计2025年归属 于上市公司股东的净利润-21.4亿元；预计2025年归属于上市公司股东扣除非经常性损益后的净利润-29.4亿元。 2021年至2024年，永辉超市归属于上市公司股东的净利润分别为-39.44亿元、-27.63亿元、-13.29亿元、-14.65亿元。 | 按报告期 | 按单季度 | | | | | | 全部 年报 三 ...

Core Viewpoint - The company, Yonghui Supermarket, is forecasting a net profit loss of 2.14 billion yuan for the year 2025, compared to a loss of 1.47 billion yuan in the previous year, indicating a worsening financial situation [1] Group 1: Financial Performance - The company anticipates a net profit loss of 2.14 billion yuan for 2025, an increase from the previous year's loss of 1.47 billion yuan [1] - The company incurred significant losses due to the closure and adjustment of nearly 700 stores during the reporting period [1] Group 2: Strategic Adjustments - In 2025, the company undertook major operational strategic adjustments, including the deep adjustment of 315 stores and the closure of 381 stores that did not align with the company's future strategic positioning [2] - The adjustments resulted in asset write-off losses and one-time investment costs totaling approximately 910 million yuan, along with an estimated gross profit loss of about 300 million yuan due to store renovations [2] Group 3: Supply Chain Strategy - The company is reforming its supply chain with a focus on "sunshine transparency, quality-driven, and efficiency improvement," addressing traditional supply chain pain points through systematic measures [2] - Short-term challenges include stock shortages and declining gross margins, which have impacted revenue; however, these effects are expected to gradually diminish as the supply chain reforms progress [2]

Core Viewpoint - Yonghui Supermarket is projected to incur a net loss of 2.14 billion yuan in 2025, marking the sixth consecutive year of losses since 2021, with a cumulative loss of approximately 11.641 billion yuan [1][4]. Group 1: Financial Performance - The net profit attributable to shareholders for 2025 is estimated at -2.14 billion yuan, while the net profit after excluding non-recurring gains and losses is projected at -2.94 billion yuan [1]. - The cumulative loss since 2021 amounts to approximately 11.641 billion yuan, with the 2025 loss expected to exceed that of 2023 and 2024 [1]. Group 2: Strategic Adjustments - In 2025, the company is shifting its operational strategy from "scale expansion" to "quality growth," rebranding as "New Yonghui, New Quality" [4]. - The company plans to significantly adjust its store layout, with 315 stores undergoing deep modifications and 381 stores being closed due to misalignment with future strategic positioning [4]. Group 3: Impact of Store Adjustments - The adjustments to stores will incur substantial costs, including asset write-off losses and one-time setup costs totaling approximately 910 million yuan, alongside an estimated gross profit loss of about 300 million yuan due to store closures [4]. - The closure of 381 stores will lead to significant losses, including asset write-off losses, employee severance compensation, and lease-related penalties [4]. Group 4: Supply Chain and Investment Challenges - Yonghui is reforming its supply chain with a focus on transparency, quality, and efficiency, which has led to short-term challenges such as stock shortages and declining gross margins [5]. - The company has recognized a fair value loss of 236 million yuan on its overseas equity investment in Advantage Solutions due to a continuous decline in stock prices, and it anticipates a long-term asset impairment of 162 million yuan [5]. Group 5: Store Count and Future Outlook - As of the end of 2024, Yonghui had 775 stores, with 381 closures planned for 2025, leaving at least 400 stores operational, of which 315 have already been modified [7]. - The performance of the modified stores will be crucial in determining whether the company will continue to close a significant number of stores in 2026 [7]. Group 6: Management's Vision - The new CEO has indicated that Yonghui aims to recover customer trust over the next 2 to 3 years and to become a supermarket that customers feel proud of within 5 to 10 years [8]. - Data from the company's recent adjustments show an average customer traffic increase of 80% in modified stores, with over 60% of these stores achieving profitability levels surpassing their highest in the past five years [8].