消息面上， 国信证券发研报指，速腾聚创车端受益于ADAS及高阶智驾快速发展，公司在手订单充沛。 产品方面，2025年，速腾聚创自研SPAD-SoC芯片与2DVCSEL芯片均已通过AEC-Q系列车规认证，公司 构建了行业内唯一可量产的数字化激光雷达矩阵，包括EM4、EMX、E1等，已规模化交付。客户方 面，基于领先一代的数字化LiDAR产品优势，截至目前，公司EM平台已斩获13家车企56款车型定点。 全球核心参与Robotaxi及Robotruck企业中，超过90%的企业都与公司建立了合作，包括滴滴、小马智 行、文远知行、北美硅谷头部L4自动驾驶公司等知名企业。截至目前，速腾聚创已累计获得12家海外 及中外合资品牌23款车型定点，覆盖亚太、欧洲、北美等核心市场。目前，公司已累计获得32家车企及 Tier1的144款车型定点。 金吾财讯 | 速腾聚创(02498)股价上行发力，截至发稿，涨5.81%，报37.16港元，成交额2.66亿港元。 金吾财讯 | 速腾聚创(02498)股价上行发力，截至发稿，涨5.81%，报37.16港元，成交额2.66亿港元。 消息面上， 国信证券发研报指，速腾聚创车端受益于ADAS及 ...

Group 1 - The restaurant stocks are performing well, with notable increases: Jiumaojiu (09922) up 4.82%, Haidilao (06862) up 4.14%, Yum China (09987) up 2.63%, Xiaobai (00520) up 2.50%, Xiaocaiyuan (00999) up 2.54%, and Nayuki (02150) up 1.92% [1][2] - The National Bureau of Statistics reported that the Consumer Price Index (CPI) rose by 0.7% year-on-year in November, marking the highest increase since March 2024, with a 0.5 percentage point increase from the previous month [1][2] - The rise in CPI is primarily driven by a turnaround in food prices, with household appliances and clothing prices increasing by 4.9% and 2.0%, respectively, while prices for air tickets, domestic services, and dining out rose by 7.0%, 2.4%, and 1.2% [1][2] Group 2 - Wanlian Securities forecasts that the share of domestic service consumption in total household consumption has recovered to 46%, nearing the critical structural threshold of 50%, indicating a potential rapid growth phase for the industry [1][2] - Service consumption is expected to become a key driver for domestic demand and consumption recovery, offering higher growth elasticity and user stickiness compared to goods consumption due to its personalized interaction and unique experiences [1][2] - The report suggests focusing on chain restaurants and tea beverage companies, highlighting that those with brand advantages and supply chain strengths will have greater development potential, particularly those with scale effects and performance elasticity [1][2]

金吾财讯 | 中国宏桥(01378)股价高位运行，截至发稿，涨3.44%，报32.44港元，成交额4.08亿港元。 汇丰研究发布月度大宗商品研究报告，指出需求强劲与供应紧张令基本金属价格保持强势，考虑到市场 供需平衡紧绌，价格可能存在进一步上行风险。在中国材料板块中，该行最看好铝；在当前宏观背景 下，亦看好黄金；同时对建筑材料长期前景持正面看法。汇丰研究指，展望明年铝业基本面趋向坚实， 加上中国的产能上限限制国内供应增长，海外新增供应依然温和，预料分别按年增长0.5%及3%，相应 将2026及2027年铝价预测上调，上海期货交易所铝价预测料达每吨22,000元及23,000元人民币。该行目 前在中国材料板块中偏好铝业股，预计低库存及4,500万吨产能上限将为铝价提供良好支持。 金吾财讯 | 中国宏桥(01378)股价高位运行，截至发稿，涨3.44%，报32.44港元，成交额4.08亿港元。 汇丰研究发布月度大宗商品研究报告，指出需求强劲与供应紧张令基本金属价格保持强势，考虑到市场 供需平衡紧绌，价格可能存在进一步上行风险。在中国材料板块中，该行最看好铝；在当前宏观背景 下，亦看好黄金；同时对建筑材料长期前景持 ...

作者丨孙媛 又一独角兽，正式启动IPO进程。 12月11日，证监会网站披露，北京卫蓝新能源科技股份有限公司（简称：卫蓝新能源）启动A股IPO并 提交辅导备案，公司拟在创业板上市，辅导机构为中信建投。 | 辅导对象 | 北京卫蓝新能源科技股份有限公司 | | --- | --- | | 新 成立日 | 2016年8月11日 | | 注册资本 | 41,213.3543 万元人民币 法 定 代 表 人 偷会根 | | 注 费 地 | 北京市房山区襄店書安路 91 号院 4 号楼一层 108 室 | | 控股股东及 持 股 比 例 | 截至本报告出具日,公司实际控制人为禽会根,禽会根遮过直 接持股、间接持股以及一致行动人合计控制公司的股权比例为 29.25% | | 行业分类 | 申气机械及暴材刷造业 在其他交易场所 (申请)挂牌或 无) | | | (C38)-锂离于电池制 | | | 造(C3841) 上市的情况 | | 各 注 | 元 | 来源：证监会 作为国内固态电池领域头部企业，卫蓝新能源与背靠上汽集团的清陶能源有"北卫蓝、南清陶"之称。 自2017年起，公司便获得多轮投资，其中，2022年D轮融资就融了 ...

近日，中国图象图形学学会（CSIG）正式公布2025年度科学技术奖评选结果。其中，由网易（杭州）网络有限公司与天津大学、中国科学技术大学、中 国航天科工集团第四研究院十七所共同合作的项目《基于强化学习的智能决策关键技术及应用》，荣获学会"2025年度中国图象图形学学会科技进步奖-一 等奖"，产学研协同创新再结硕果。《逆水寒》便是项目落地场景之一，作为网易旗下人工智能实验室，网易伏羲深度参与《逆水寒》在图形技术与人工 智能领域的探索，以游戏AI的创新实践助力数字文娱作品突破"游戏"边界，获得国家级学术权威认可。 关于《基于强化学习的智能决策关键技术及应用》项目介绍 本获奖项目系统开展了基于强化学习的智能决策关键技术攻关，聚焦"奖励质量低、经验复用难、环境波动大"三大关键挑战，提出了基于时空分解的奖励 信号生成、基于自监督学习的经验表征提取、以及基于演化-强化学习的策略模型优化三项创新技术，在策略性能、学习效率、跨任务泛化方面实现能力 突破，达到国际领先水平。 | | 中国图象图形学学会 | 请输入要搜索的内容 Q | | --- | --- | --- | | | | CHINA SOCIETY OF IMAG ...

Core Viewpoint - The company Xidi Zhijia (3881.HK), known as the "first stock of autonomous mining trucks," has launched its IPO with a share price of HKD 263, aiming to raise approximately HKD 1.42 billion and is expected to be listed on December 19 [1]. Group 1: Company Overview - Xidi Zhijia is an innovative supplier in the field of intelligent driving products and solutions for commercial vehicles, focusing on the development of autonomous mining trucks, logistics vehicles, V2X (Vehicle-to-Everything) products, and intelligent perception solutions [7]. - The company ranks sixth among all commercial vehicle intelligent driving companies in China and third in autonomous mining truck solutions [8]. Group 2: IPO Details - The IPO involves the issuance of 5.408 million shares [4]. - The expected listing date is December 19 [5]. - The offering price is set at HKD 263 per share [6]. Group 3: Market Position and Growth Potential - Xidi Zhijia operates the largest mixed fleet of autonomous mining trucks globally, consisting of 56 autonomous trucks and nearly 500 manned vehicles [10]. - The company has launched the first batch of commercial V2X products in China [13]. - The autonomous mining truck solution is projected to capture 75.6% of the closed-environment autonomous driving market, with a potential market size of CNY 550 billion by 2024 [30]. Group 4: Financial Performance - The company reported revenues of CNY 410.04 million for the year ending December 31, 2022, with projected revenues of CNY 258.46 million for 2023 [47][48]. - Gross profit figures indicate a growth trajectory, with CNY 101.44 million expected for 2023 [49]. Group 5: Research and Development - The company employs 249 R&D personnel, accounting for 54.1% of its total workforce [44]. - Xidi Zhijia holds 513 patent applications and 356 registered patents, showcasing its commitment to innovation [46].

智通财经记者 | 宋佳楠 他特别强调，民间传统发酵的"红茶菌"是人工可控环境下的醋酸菌与酵母菌复合体，与自然滋生的不明 菌团有本质区别，后者误食可能引发腹泻、过敏等问题，尤其需避免老人儿童接触。 作为现象主角的东方树叶，是农夫山泉2011年推出的无糖茶品牌，以"0糖0卡0防腐剂"为卖点，历经"最 难喝饮料"争议后于近年逐步逆袭为市场龙头。其产品采用Log6级别无菌冷灌装技术（每百万瓶产品中 微生物污染风险低于1瓶），配料仅含茶叶、水及食品调节剂。 除了用东方树叶养"茶菌宠物"，此前不少网友还开辟出这款茶饮的其他另类用法。例如有消费者选择绿 茶、茉莉花茶口味的东方树叶，冷藏后用化妆棉浸湿敷于晒后泛红的面部，据称能利用茶叶中的茶多酚 近期，社交媒体上流传的东方树叶"培育攻略"引发热议。网友晒出的图片显示，开瓶后的东方树叶中出 现白色半透明球形菌团，最大直径达乒乓球大小，不少人将其当作"天然茶宠"把玩。 12月11日，据经视直播报道，农夫山泉客服人员对此回应称，茶叶饮料开瓶后应当天尽快饮用，产品若 出现"茶菌"不建议继续饮用。若消费者在未开瓶产品中发现异物，可直接与客服联系。 网友在社交平台上晒出的东方树叶"茶菌宠 ...

格隆汇12月12日丨香港交易所(00388.HK)宣布，香港交易所董事会会议将于2026年2月26日(星期四)举 行，藉以(其中包括)批准刊发香港交易所及其附属公司截至2025年12月31日止年度的全年业绩公告，以 及考虑派发股息。 ...

智通财经记者 | 李香才 跨越十年周期，五矿地产与中冶置业的整合终于落地。 中国中冶（601618）12月8日晚间公告，公司拟将所持有的中冶置业100%的股权及公司对中冶置业的 461.64亿元债权一并出售给五矿地产控股，将所持有的有色院、中冶铜锌、瑞木管理100%的股权和中 冶金吉67.02%的股权出售给中国五矿，公司控股子公司中国华冶拟将其持有的华冶杜达100%的股权出 售给中国五矿或其指定主体。 本次交易价格为606.76亿元。其中，中冶置业100%股权以及债权对应交易金额为312.37亿元。 中国中冶称，本次交易获得的资金将主要用于支撑公司的"一核心、两主体、五特色"多元化业务体系， 强化冶金建设核心主业，夯实新型工业化和新型城镇化两大主体业务，培育工程服务、新型材料、高端 装备、能源环保、数智应用五大特色业务；同时，部分资金将用于补充公司现金流、偿还债务等，以优 化财务报表结构，进一步降低财务杠杆和债务负担。 中冶置业成立于2001年，是中国五矿骨干子企业、中国中冶房地产板块核心企业，国务院国资委首批认 定的16家以房地产为主业的中央企业之一，拥有房地产开发、物业管理两项国家一级资质。 本次交易完成 ...

Core Insights - JD Industrial's IPO on December 11 raised significant attention, with 2.827 billion HKD in subscriptions and a closing price of 14.1 HKD, matching the issue price, resulting in a market capitalization of 37.9 billion HKD [1][30] - The company turned a profit in 2023, projecting a net profit of 760 million CNY in 2024 and 450 million CNY in the first half of 2025, indicating a positive financial trend [2][30] - The IPO is seen as a recognition of the development of China's industrial internet sector and the company's innovative business model, which goes beyond traditional industrial e-commerce [3][30] Business Model and Market Position - JD Industrial operates in the MRO (Maintenance, Repair, and Operations) sector, characterized by a vast array of products, scattered demand, and high management costs [4][31] - The MRO market in China is highly fragmented, with the top five companies holding only about 1.5% market share, contrasting sharply with the 30%-45% concentration in the U.S. [6][7][33] - The company aims to address key MRO industry challenges, including product variety, demand dispersion, and the need for efficient supply chain solutions [3][10][11] Supply Chain Strategy - JD Industrial's strategy involves leveraging its digital capabilities to enhance supply chain efficiency, utilizing a model that integrates extensive SKU coverage with deep service offerings [11][37] - The company has developed a supply chain model that connects various suppliers' inventories, allowing for rapid fulfillment and reduced inventory costs [19][42] - JD Industrial's approach contrasts with traditional heavy asset models in the MRO sector, focusing instead on a "light asset" model that emphasizes data-driven logistics and supply chain solutions [15][20][38] Market Potential - The Chinese MRO market is projected to reach 3.7 trillion CNY in 2024, significantly larger than the U.S. market, with a compound annual growth rate of 4.2% expected until 2029 [24][46] - The digital MRO segment is experiencing a much higher growth rate of 21.7%, indicating substantial potential for expansion in this area [48] - JD Industrial's strategy includes deep integration into large enterprises' supply chains, positioning itself as a critical partner in their digital transformation efforts [27][49] International Expansion - JD Industrial plans to support Chinese manufacturing companies in their international ventures, offering tailored supply chain services that adapt to different stages of production [29][51] - The company has already established services in countries like Indonesia, Brazil, and Hungary, applying its digital capabilities to international markets [51]