今天，百胜中国首届人工智能日活动在上海举行。活动开幕式上，公司发布了首个面向餐厅营运的智能 体——Q睿（Q-Smart Agent）。百胜中国首席执行官屈翠容发表了开幕致辞，并宣布将设立一亿元 的"一线员工创新基金"，通过资金、技术及资源的多维赋能，将一线员工基于营运实际需求提出的创新 构想转化为实际应用。 百胜中国首席执行官屈翠容，首席技术官张雷，肯德基中国总经理汪涛，必胜客中国总经理蒯俊，首席 人力官丁时彦共同出席Q睿启动仪式 三：实时感知响应，助力决策更"精准化" "Q睿"可以迅速分析并提示管理过程中的机会点。例如，当系统监测到厨房生产原料可能断货时，会立 即向值班经理推送预警信息，经确认后自动追加生产计划； 同时，依托百胜中国庞大的知识库资源， 它将为一线员工提供实时数据查询与专业知识支撑——无论是日常营运疑问，还是突发难题应对，智能 体都将快速给出精准指导。 目前，Q睿智能体已经初步通过了实验室验证，并且即将开始在部分门店上线。未来百胜中国将持续收 集一线反馈，快速迭代升级，推广至更多门店。 此次发布的智能体Q睿，深度融合了生成式AI，物联网，大数据等前沿技术，首次实现了"人-货-场"的 餐厅营运全 ...

万科企业股份有限公司关于行使"22 万科 05"公司债券 赎回选择权的第二次提示性公告 证券代码：000002、299903、149975 证券简称：万科 A、万科 H 代、22 万科 05 公告编号： 〈万〉2025-093 本公司及董事会全体成员保证公告内容的真实、准确和完整，对公告的虚假记载、 误导性陈述或者重大遗漏负连带责任。 重要提示： 税）。 一、"22万科05"公司债券的基本情况 开发行公司债券（第三期）（品种一） 。 选择权、调整票面利率选择权、投资者回售选择权。 （1）赎回选择权：发行人将于本期债券第 3 个计息年度付息日 前的第 20 个交易日，在指定的信息披露媒体上发布关于是否行使赎 回选择权的公告。若决定行使赎回权利，本期债券将被视为第 3 年全 部到期，发行人将以票面面值加最后一期利息向投资者赎回全部本期 债券。所赎回债券的本金加第 3 年利息在第 3 个年度付息日一起支 付。发行人将按照本期债券登记机构的有关规定统计债券持有人名单， 并按照债券登记机构的相关规定办理。若发行人不行使赎回权，则本 期债券将继续在第 4、5 年存续。 含税）。公司赎回债券可能会给投资者带来损失，请投资者 ...

Core Viewpoint - The launch of the AI-assisted digital diagnostic tool "Zhang Mulan Doctor" by Cha Ju Eye Care aims to enhance diagnostic efficiency and patient experience in ophthalmology, amidst challenges in profitability and competition in the industry [2][4]. Company Overview - Cha Ju Eye Care, founded in 1988 and listed on the Hong Kong Stock Exchange in 2021, has a current market value of less than HKD 1.9 billion. It ranks first among private eye hospitals in Inner Mongolia, second in North China, and fifth nationwide based on total revenue in 2020 [3]. - In 2023, the company achieved a record net profit of CNY 229 million, but faced a nearly 15% decline in net profit year-on-year in the previous year, with gross margin dropping from 45.4% to 43.5% due to intensified competition and pricing pressures from national procurement policies [3]. Financial Performance - The company reported an increase in sales and distribution expenses by 18.7% year-on-year, reaching CNY 125 million in 2024, primarily due to marketing costs associated with newly acquired hospitals and existing facilities [3]. AI Implementation - The "Zhang Mulan Doctor" tool is designed to assist in clinical diagnosis by providing valuable insights that may be overlooked by doctors, thereby improving diagnostic accuracy and efficiency [4][7]. - The focus of the AI application is on collecting and synthesizing various types of information to support clinical decision-making, differing from other companies that may concentrate solely on AI imaging diagnostics [7]. Industry Context - The integration of AI in ophthalmology is not new, with several companies exploring AI applications in their operations. However, the profitability model for "AI + ophthalmology" remains unresolved [5][6]. - Companies like Eagle Eye Technology, which was an early entrant in the AI ophthalmology space, have faced significant challenges, including a dramatic decline in market value and ongoing losses, highlighting the difficulties in commercializing AI solutions in healthcare [6][7].

智通财经6月20日电，北京泡泡玛特文化创意有限公司已申请注册多枚"CRYBABY"等商标，国际分类 涉及教育娱乐、啤酒饮料、机械设备等，目前部分商标已注册成功。与此同时，该公司已于今年登记 《LABUBU 与朋友们》动画剧集第一季剧本V1 作品著作权，作品类别为文字。 泡泡玛特已注册CRYBABY商标 ...

美中嘉和公告，控股股东北京泰和诚于2025年6月20日通过大宗交易出售3280万股公司H股，每股价格 为6.12港元，占公司已发行股份总数的约4.46%。董事会预计此次减持不会对公司的业务经营造成不利 影响。 ...

| 生陣 | 丰张昌 | 里程数(KM) | 电池出厂日期 | 检测容量(%) | | --- | --- | --- | --- | --- | | | | 98294 | 2022.05.01 | 87 | 6月17日，随着31台博雷顿纯电动矿卡在上海外高桥港口整装待发、启程前往非洲大陆，这家致力于推动工程机械进入机器人时代的新能源企业， 完成了其国际化进程中的关键一跃。此次中标央企中国有色在非洲的重点矿山项目，是博雷顿在非洲市场的首个批量化交付项目，更是中国新能 源矿山装备在全球落地的重要标志。 在国际招投标竞争中脱颖而出，充分彰显了博雷顿的技术实力与系统化交付能力。不同于传统工程机械制造企业，博雷顿以"零碳矿山机器人"为 战略定位，构建起从整车架构、核心三电系统、智能控制平台到运维服务的全栈式能力。此次合作的中国有色矿业集团是中国有色金属行业在非 洲的重要布局者，对设备性能、服务能力、绿色水平均提出极高要求，博雷顿的成功中标，是在"硬实力"上的一次全面胜出。 事实上，这31台电动矿卡的交付，并非一次性的产品买卖，而是系统性能力的集中输出。博雷顿打造的不仅是矿卡，而是一整套围绕智能运力构 建的绿色生态系 ...

Market Overview - As of June 20, 2025, the Shanghai Composite Index closed down 0.07% at 3359.90 points, the Shenzhen Component Index down 0.47% at 10005.03 points, and the ChiNext Index down 0.83% at 2009.89 points, indicating a broad loss across the market [1] - The total trading volume of the two markets reached 1.07 trillion yuan [1] Sector Performance - The top three sectors in terms of gains were insurance (up 2.55%), rubber (up 1.70%), and electronic chemicals (up 1.61%) [1] - The sectors with the largest declines were oil service engineering (down 4.30%), publishing (down 3.28%), and film and television (down 3.02%) [1] ETF Performance - A total of 448 non-currency ETFs rose, with an increase ratio of 38% [1] - The China Securities Wine Index rose by 1.90%, and the Wine ETF increased by 2.20% [1] - The China Securities Modern Logistics Index rose by 1.25%, with the Logistics Express ETF and Logistics ETF rising by 1.44% and 1.43%, respectively [1] - The China Securities Bank AH Price Preferred Index rose by 0.94%, and the Bank AH Preferred ETF increased by 1.41% [1] Specific ETF Details - The Wine ETF (512690.SH) has a latest share size of 22.202 billion shares, closely tracking the China Securities Wine Index, which includes major companies like Kweichow Moutai and Wuliangye [4] - The latest PE-TTM for the China Securities Wine Index is 18.48 times, lower than the average over the past three years by 3.47% [5] - The Hong Kong Non-Bank ETF (513750.SH) has a share size of 1.995 billion shares, tracking the China Securities Hong Kong Non-Bank Financial Theme Index, which includes companies like Hong Kong Exchanges and Clearing and AIA Group [5] - The latest PE-TTM for the Hong Kong Non-Bank Financial Theme Index is 8.04 times, lower than the average over the past three years by 12.34% [5] - The Hong Kong Non-Bank Financial ETF (513190.SH) has a share size of 790 million shares, tracking the China Securities Hong Kong Non-Bank Financial Index, which includes major banks and insurance companies [5] - The latest PE-TTM for the Hong Kong Non-Bank Financial Index is 6.21 times, lower than the average over the past three years by 98.98% [6] Declining ETFs - A total of 653 non-currency ETFs fell, with a decline ratio of 56% [6] - The National Securities 2000 Index performed poorly, down 0.83%, while the National Securities Robotics Industry Index and the China Securities All Index Computer Index had significant declines of 2.52% and 2.32%, respectively [6] Premium Rates - The S&P 500 Consumer Select Index had a premium of 24.47%, while the S&P 500 ETF had a premium of 14.40% [9] - The top three ETFs by premium rate included the S&P 500 Consumer ETF (159529.SZ) at 24.47%, the S&P 500 ETF (159612.SZ) at 14.40%, and the Saudi ETF at 7.61% [10]

转自：一度医药 今日（2025年6月20日），联邦制药正式发布公告，宣布其全资子公司联邦生物科技已收到诺和诺德支 付的1.8亿美元预付款，这笔资金在扣除丹麦预缴税后约合人民币12.93亿元。 尽管2亿美元首付款（含此次收到的1.8亿美元）相当于2024年净利润的约60%，但投资者更关注的是短 期业绩下滑的现实压力。这种"利好出尽是利空"的市场心理，反映了中国药企在创新转型过程中面临的 估值困境。 随着1.8亿美元预付款到账，UBT251项目的关键价值验证阶段正式开启。该药物即将进入临床概念验证 阶段，未来18-24个月的数据读出将决定其商业价值能否实现。 这标志着双方于2025年3月24日签订的独家许可协议正式生效。根据协议，联邦制药将三靶点减肥新药 UBT251在中国以外地区的全球权益授予诺和诺德，潜在总收益高达20亿美元。 资本市场对此反应似乎很平淡，与三个月前协议签署时股价暴跌11.78%形成微妙呼应。 曾遭遇股价寒流 三个月前，联邦制药与诺和诺德签署了这项价值20亿美元的重磅协议。不过，资本市场反应却很反常 ——在宣布获得诺和诺德20亿美元大单的次日，联邦制药股价开盘重挫13%，最终收跌11.78%， ...

Core Insights - On June 20, 2025, a total of 228 ETF funds experienced net buying from major funds, while 241 ETF funds faced net selling [1] - The top five ETF funds with net buying exceeding 100 million yuan included Company Bond ETF from E Fund, Ten-Year Treasury ETF, Credit Bond ETF, and others, with net buying amounts of 34.54 billion yuan, 24.97 billion yuan, 20.55 billion yuan, 9.22 billion yuan, and 5.47 billion yuan respectively [1][3] - Conversely, 76 ETF funds saw net selling exceeding 100 million yuan, with the top five being Huabao Tianyi ETF, Shanghai Stock Company Bond ETF, Short-term Bond ETF, and others, with net selling amounts of 7.32 billion yuan, 6.55 billion yuan, 5.90 billion yuan, 4.78 billion yuan, and 3.61 billion yuan respectively [1][7] Net Buying and Selling Trends - A total of 102 ETF funds have seen continuous net buying recently, with the leading funds being the Entrepreneurial Large Cap ETF and Ten-Year Treasury ETF, accumulating net buying of 2.24 billion yuan and 125.63 billion yuan respectively [9][11] - In the last five days, 37 ETF funds recorded net buying exceeding 100 million yuan, with the Credit Bond ETF leading at 59.58 billion yuan [16][18] - On the other hand, 154 ETF funds have been continuously net sold, with the top being the Sci-Tech Innovation 100 Index ETF and others, with net selling amounts of 1.12 billion yuan and 4.65 billion yuan respectively [13][15] Fund Management Insights - The top fund managers for net buying include E Fund, Guotai Junan, and Huaxia Fund, with significant amounts in their respective ETFs [3][5] - For net selling, Huabao Fund and Southern Fund are among the top managers, indicating a shift in investor sentiment towards their ETFs [7][9] - The recent trends suggest a strong preference for bond ETFs over stock ETFs, reflecting a cautious market outlook [1][3][7]

Summary of Key Points Core Viewpoint - The trading volume of non-currency ETFs reached 219.76 billion, with 42 ETFs exceeding 1 billion in trading volume, indicating a significant increase in market activity [1]. Group 1: Trading Volume and Performance - The Short-term Bond ETF (511360.SH) had a trading volume of 18.918 billion, while the Ten-Year Treasury ETF (511260.SH) and Company Bond ETF (511110.SH) had volumes of 11.214 billion and 9.989 billion respectively, leading the market [1]. - The Company Bond ETF (511110.SH) saw a trading volume increase of 158.73% compared to the previous trading day, with a recent average trading volume of 6.307 billion over the last five days [2]. - The S&P 500 ETF (159612.SZ) experienced a trading volume increase of 393.58% compared to the previous trading day, with a recent average trading volume of 3.47 billion [3]. Group 2: Turnover Rate - The S&P Consumption ETF had a turnover rate of 398.61%, leading the market, followed by the S&P 500 ETF at 174.69% and the 0-4 Year Treasury ETF at 118.17% [7]. - The Company Bond ETF (511110.SH) had a turnover rate increase of 150.46% compared to the previous trading day, indicating heightened trading activity [2]. Group 3: ETF Performance - The S&P 500 ETF (159612.SZ) saw a decline of 4.41% on the day, but had increases of 3.25% and 7.45% over the last five and twenty days respectively [3][10]. - The Short-term Bond ETF (511360.SH) and Company Bond ETF (511110.SH) also showed positive performance trends over the recent periods, with slight increases in their values [2][3]. Group 4: Market Composition - The market includes a variety of ETFs, with a total of 5 broad-based ETFs and 4 industry-themed ETFs, indicating a diverse investment landscape [8][9]. - The broad-based ETFs include the S&P 500 ETF and the Saudi ETF, while industry-themed ETFs include the S&P Consumption ETF and various Hong Kong healthcare ETFs [1][9].