撰稿|张君 来源|贝多财经 6月30日，镁佳股份有限公司（Megatronix Inc.，下称"镁佳股份"或"镁佳"）递交招股书，准备在港交所主板上市，中金公司、花旗、德意志银行为其联席保 荐人。 其中，庄莉为镁佳股份创始人、执行董事、董事长兼首席执行官（CEO），陶忆阳为该公司执行董事、首席财务官（CFO）、李思维为执行董事、首席技术 官。 成立至今，镁佳股份获得了多轮融资，包括2018年的600万美元种子轮、2019年的2100万美元A轮、2020年的4000万美元B轮、2021年的1.05亿美元C轮、 2022年的2800万美元D轮以及2024年的约3069万美元D+轮融资。 | | 種子輪融资 | A輪融資 | B輪融资 | C輪融資 | D輪融资 | D+ | | --- | --- | --- | --- | --- | --- | --- | | 認購股份數目 | 20,000,000股 | 23,463,687股 | 29,795,158股 | 40.844.195 股 | 9.033,774股 | 9.6 | | | 種子輸 | A 前 | B輸 | C輸 | D 前 | | | | 優先股 ...

来源|贝多财经 6月30日，被称为"中国版英伟达"的摩尔线程智能科技（北京）股份有限公司（下称"摩尔线程"）递交招股书，包括在上海证券交易所科创板上市。本次报 考上市，摩尔线程计划募资80亿元。 撰稿|多客 据招股书介绍，摩尔线程主要从事GPU及相关产品的研发、设计和销售。除了摩尔线程之外，另一家GPU芯片设计企业——沐曦集成电路（上海）股份有限 公司（下称"沐曦股份"或"沐曦"）亦于6月30日递交招股书，同样报考在科创板上市。 本次报考上市，沐曦股份计划募资39.04亿元，将用于新型高性能通用GPU研发及产业化项目、新一代人工智能推理GPU研发及产业化项目、面向前沿领域 及新兴应用场景的高性能GPU技术研发项目。 | 序号 | 项目名称 | 投资总额 | 拟使用募集资金 投入金额 | 备案情况 | | --- | --- | --- | --- | --- | | 1 | 新型高性能通用 GPU 研发及产业 化项目 | 340.992.38 | 245.919.76 | 己备案 | | 1.1 | 其中:第二代高性能通用 GPU | 136.977.30 | 84.101.70 | | | 1.2 | 第三 ...

维多利亚，塞舌尔, July 01, 2025 (GLOBE NEWSWIRE) -- 全球领先的加密货币交易所和 Web3 企业 Bitget 宣布在创新、AI 和 DePIN 专区 (Innovation, AI, and DePIN Zone) 上线 NodeOps (NODE)，并开放现货交易。 NodeOps 是一个 DePIN 基础设施平台。 NODE/USDT 交易对将于 2025 年 6 月 30 日 10:00 (UTC) 正式开盘，提现功能将于 2025 年 7 月 1 日 11:00 (UTC) 开放。 NodeOps 正在构建一套全栈解决方案，致力于让去中心化计算变得简单、可靠且易于大规模使用。 它的架构分为两层：第一层是 NodeOps Network 基础协议，用于协调去中心化实体基础设施 (DePIN)；第二层是一套面向用户的产品组合，包括 NodeOps Cloud、控制台 (Console)、代理终端 (Agent Terminal)、质押中心 (Staking Hub) 和安全中心 (Security Hub)，用于简化部署和管理流程。 整个生态系统的核心是 NODE 代 ...

（原标题：重新理解消费者：五大行为变革背后的市场真相） 2025年进入下半程，宏观的不确定性仍未退去，全球经济在通胀、地缘政治、AI颠覆性技术浪潮的多 重作用下持续震荡。而在消费者侧，一场"持续变异"的结构性转折正在悄然展开。 麦肯锡最新发布的《2025全球消费者趋势》报告指出：疫情时代所催生的应激性消费行为，已经演化为 一种稳定常态。旧有的消费者行为预测框架已不适用，新常态下的消费者不再可预测，而是需要被实 时"感知"与重塑理解。 报告通过覆盖全球18个国家的2.5万名消费者样本，提炼出五大持续性行为变革。结合当前市场趋势与 中国本土背景，我们可以看到，这五股行为变革不仅是对疫情的延续，更是对当代商业逻辑的系统性挑 战。 01. 独处和在线：从"社交退潮"到"自我消费时代" 麦肯锡指出，相较2019年，美国人平均每周多出3小时自由时间，但其中近90%花在了独处的在线行为 上：刷手机、独自健身、看剧、购物、打游戏……线下文化活动和面对面社交正在边缘化。 这种变化，在中国更为复杂。一方面，消费者仍然重视家庭与社交关系，另一方面，"悦己"型消费迅速 崛起：兴趣班、护肤仪、美容项目、宅家娱乐正成为消费结构中的主力板 ...

Group 1 - Augustinus Fonden, through its subsidiaries, owns 3,269,180 shares in Tivoli A/S, representing 57.19% of the total share capital and voting rights [1] - C.W. Obel A/S has reduced its shareholding to below 5% of the total share capital and voting rights in Tivoli A/S [2]

Group 1: ESG Disclosure and Policy Developments - The Ministry of Finance has released ESG disclosure application guidelines, emphasizing the "dual importance" of ESG disclosures [1] - The Ministry of Ecology and Environment has introduced new standards to address climate change, with China's installed capacity of wind and solar surpassing that of thermal power [1] - 22 securities firms have fully disclosed their ESG reports, indicating a growing trend in ESG practices among companies [1] Group 2: Low-Carbon Technologies and Initiatives - Over 20 low-carbon technologies were showcased during the National Low Carbon Day event, including ozone catalytic decomposition materials and low-cost green transformation technologies for traditional water-cooled data centers [2] - The National Key Promotion of Low-Carbon Technologies Directory (fifth batch) highlights significant carbon reduction effects of these technologies [2] Group 3: Climate Change Projections - The China Meteorological Administration predicts that 2025 is likely to be one of the three warmest years on record, with a possibility of exceeding the global average temperature record set in 2024 [3] - The National Climate Center will enhance global climate system monitoring to provide timely and accurate information for addressing climate change [3] Group 4: ESG Reporting in Transportation Sector - The ESG report for the transportation sector reveals a 64% disclosure rate among 244 sample companies, up from 55.73% in 2023 [4] - 90% of the companies rated in the report achieved BB rating or above, indicating improved ESG performance [4] - The report suggests that while many companies have established basic risk identification mechanisms, their ability to recognize and capitalize on opportunities in green finance and intelligent transformation remains weak [4] Group 5: Textile Industry Climate Goals - The China National Textile and Apparel Council reports that 90% of textile companies have set climate goals, up from 83% two years ago [5] - 67% of companies have processes to identify, assess, and respond to climate risks and opportunities, while 51% are engaged in value chain carbon reduction [5] - Challenges remain for small and medium enterprises in carbon reduction capabilities and renewable energy adoption due to high costs and insufficient standards for carbon footprint accounting [5] Group 6: ESG Investment Performance - As of June 26, nearly all 40 ESG-themed funds have achieved positive returns this year, with an average return of 13.38% over the past year [6] - The average return over the past two years for these funds is 6.5%, indicating strong performance in a volatile market [6] - Active ESG funds have outperformed passive ones, although passive products are more numerous [7]

ARCT-810 Overview - Arcturus is a commercial mRNA medicines company with a pipeline of multiple therapeutic candidates in advanced clinical trial development[7] - ARCT-810 aims to restore OTC enzyme function, potentially preventing neurological damage and the need for liver transplantation in Ornithine Transcarbamylase (OTC) Deficiency patients[9] - ARCT-810 has received Orphan Drug Designation (FDA), Orphan Medicinal Product Designation (EMA), Fast Track Designation (FDA), and Rare Pediatric Disease Designation (FDA)[14, 15, 16, 17] Clinical Trial Results - European Phase 2 study (N = 8; 6 ARCT-810 / 2 placebo) is completed, and the U S Phase 2 study (N = 3 completed to date) is ongoing[20] - Combined analysis of both Phase 2 studies showed mean glutamine levels decreased significantly (N = 8, p-value = 0 0055)[25] - In the Phase 2 Open-label U S Study, mean glutamine levels decreased significantly (N = 3, p-value = 0 004), with all subjects achieving normal levels after three administrations[28] - Interim Phase 2 data from the U S Open Label Study (N = 3) showed a mean RUF (relative ureagenesis function) increase of +14 7% from baseline to 28 days post-fifth dose, from 29 0% (SD 9 1%) to 43 7% (SD 21 7%), which is statistically significant (p-value = 0 026)[31] Safety and Tolerability - ARCT-810 was generally safe and well-tolerated in Phase 2 studies at all tested dose levels, comprising 40 participants to date, including 20 OTC deficient participants[34, 35] KOL Insights - Glutamine rises earlier than ammonia in OTC deficiency and has lower variability, making it a reliable indicator of urea cycle stress[47] - 15N-Ureagenesis assay directly reflects cycle function, providing a clear readout of therapeutic efficacy[47]

Clinical Assets & Pipeline - Bosakitug (ATI-045) is a uniquely potent monoclonal antibody targeting TSLP, currently in a two-arm placebo-controlled Phase 2 trial initiated in Q2 2025 [6] - ATI-052, a bispecific antibody targeting both TSLP and IL-4R, has initiated a Phase 1a/1b SAD/MAD program in Q2 2025 [6] - ATI-2138, a potent and selective oral inhibitor of ITK/JAK3, expects top-line results from a Phase 2a OL trial in July 2025 [6] - The company is conducting discovery/preclinical evaluation for novel ITK inhibitors and BsAbs, with new INDs expected to start in 2026 [6] - Aclaris expects Phase 2a top-line results for ATI-2138 in Atopic Dermatitis in July 2025 [8, 11] Financial Position - Aclaris has a strong balance sheet and is expected to fund operations through the first half of 2028 [6] - The company anticipates opportunities for additional non-dilutive financing and development partners [6] - As of Q1 2025, Aclaris has $1905 million in cash, cash equivalents, and marketable securities [86] Bosakitug (ATI-045) Data - Bosakitug is reported to be >60x more potent than Tezepelumab in hPBMC CCL17 Inhibition [17] - Phase 2a trial data showed that 94% of patients achieved EASI 75 at Week 26 [37] - Phase 2a trial data showed that 65% of patients achieved EASI 90 at Week 26 [37] - Phase 2a trial data showed that 24% of patients achieved EASI 100 at Week 26 [37] - Phase 2a trial data showed that 88% of patients achieved IGA 0/1 at Week 26 [37] ATI-052 Data - ATI-052 is reported to be 3-5x more potent than the combination of Tezepelumab + Dupilumab on CCL17 release [54]

证券研究报告 | 2025年07月01日 小米集团-W（01810.HK） 发布小米 YU7 及 AI 眼镜等产品，进一步完善人车家全生态 公司研究·海外公司快评 电子·消费电子 投资评级：优于大市（维持） | 证券分析师： | 胡剑 | 021-60893306 | hujian1@guosen.com.cn | 执证编码：S0980521080001 | | --- | --- | --- | --- | --- | | 证券分析师： | 张伦可 | 0755-81982651 | zhanglunke@guosen.com.cn | 执证编码：S0980521120004 | | 证券分析师： | 唐旭霞 | 0755-81981814 | tangxx@guosen.com.cn | 执证编码：S0980519080002 | | 联系人： | 连欣然 | 010-88005482 | lianxinran@guosen.com.cn | | | 联系人： | 刘子谭 | | liuzitan@guosen.com.cn | | 事项： 6 月 26 日晚，公司召开人车家全生态发布会，正式发布小米 Y ...

Group 1 - AI Prime & Cy S.C.A., an Advent International company, has announced the pricing of an accelerated placing of 17.5 million ordinary shares in InPost S.A., representing approximately 3.5% of the company's existing share capital, at a price of EUR 13.25 per share [2][3] - Following the settlement of the placing, Advent International's total ownership interest in InPost S.A. will increase to approximately 6.5%, with settlement expected on July 3, 2025 [3] - The company will not receive any proceeds from this placing [4] Group 2 - Barclays Bank PLC acted as the Sole Global Co-ordinator and Bookrunner for the placing [3] - The remaining shares held by AI Prime will be subject to a 60-day lock-up period from the settlement date, with customary exemptions [3]