【导读】美国政府或再度"关门"，黄金、白银涨疯了 中国基金报记者 安曼 美国政府又又又要"关门"了…… 此前，共和党占多数的国会众议院已通过政府拨款法案，但该法案仍需参议院审议批准。由 于席卷美国大部分地区的暴风雪，参议院投票预计要到周二晚间才能开始。 然而，随着美国国土安全部下属移民与海关执法局（ICE）执法人员月内两次击毙枪击美国公 民事件发生， 多名民主党参议员相继发表强硬声明，明确反对向国土安全部拨款。 参议院少数党领袖查克·舒默于当地时间1月24日宣布，民主党将不会为包含国土安全部资金 的一揽子支出法案提供通过所需的60票支持。他表示，如果将国土安全部拨款纳入政府拨款 法案，民主党人将阻止该法案在参议院通过。 不过，一位参议院共和党助理表示，参议院共和党领导人计划拒绝民主党提出的拆分国土安 全部拨款的要求，并推动通过一揽子支出法案，以避免本周部分政府部门停摆。根据参议院 程序规定，在截止期前对法案的任何修改都需要全体一致同意，而包括佛罗里达州参议员里 克·斯科特在内的多名共和党人表示不会同意拆分法案。 若参议院未能在本周五午夜前通过拨款立法，包括卫生与公众服务部、教育部、交通部在内 的多个联邦部门将 ...

Group 1 - Yushu Technology has announced its partnership as the robot collaborator for the 2026 Spring Festival Gala, marking its third appearance at the event [2][5] - The company previously showcased its robotic innovations, including the "Niu Niu" robot in 2021 and the humanoid robot "Yang BOT" directed by Zhang Yimou in 2022, which gained significant attention [5] - In 2025, Yushu Technology reported a humanoid robot shipment of over 5,500 units, with more than 6,500 units of its core products produced, emphasizing that these figures exclude other robot types [5] Group 2 - According to Omdia's report, the top three brands in the global humanoid robot market in 2025 are all from China, with Zhiyuan Robotics leading at 39% market share, followed by Yushu Technology [6] - Yushu Technology and Zhiyuan Robotics together account for 71% of the global humanoid robot market, indicating a strong competitive position [6] Group 3 - Other humanoid robot companies, such as Galaxy General Robotics and Magic Atom, have also announced their participation in the 2026 Spring Festival Gala, highlighting a trend of increasing competition among robotics firms [7][8] - The collaboration between these companies and the gala represents a fusion of intelligent technology with a national cultural event, showcasing advancements in robotics to a global audience [8]

| 今开 | 23.55 | | 最高 | 23.79 | | 成交量 | 12.43万手 | | --- | --- | --- | --- | --- | --- | --- | --- | | 昨收 | 23.75 | | 最低 | 22.70 | | 成交额 | 2.88亿 | | 换手率 | 2.44% | | 市盈(TTM) | 58.01 | | 总市值 | 118.64亿 | | 分时 | 五日 | 日K | 周Ｋ | 月K | 室K | 年K | 更多い | 1月25日，妙可蓝多（600882）连发数条公告，宣布其创始人柴琇因被"免职"，自1月23日起不再担任公司副董事长、总经理、法定代表人，但柴琇会继续 担任上市公司董事职务。同时公告称，柴琇存在未履行完毕的公开承诺。 | 姓名 | 离任 | 离任 | 原定任期 | 离任 | 是否继续在 上市公司 | 빛 体 | 是否存在 未履行完毕的 | | --- | --- | --- | --- | --- | --- | --- | --- | | | 职务 | 时间 | 到期日 | 原因 | 及其控股子公司 | 职 | 公开承诺 | | | | ...

Core Viewpoint - The resignation of Chai Xiu, the founder of Miaokelando, marks a significant shift in the company's leadership and indicates a deeper control by Mengniu over the cheese industry leader [2][5]. Group 1: Leadership Changes - Chai Xiu has been removed from the positions of Vice Chairman, General Manager, and Legal Representative, retaining only his role as a director [2][3]. - Kuai Yulong, a professional manager from the Mengniu system, has been appointed as the new General Manager and Legal Representative [2][4]. Group 2: Financial Implications - The removal of Chai Xiu is linked to a long-standing investment-related guarantee dispute, which has adversely affected Miaokelando's financial performance [4][5]. - Due to the issues with the investment fund, the company anticipates a significant impairment loss, estimating a reduction in net profit attributable to shareholders for 2025 by approximately 119 million to 127 million yuan [4]. Group 3: Shareholder Dynamics - Mengniu holds about 37% of Miaokelando's shares, while Chai Xiu remains the second-largest shareholder with 14.92% [4]. - The arbitration against Chai Xiu may impact his shareholding rights, with potential risks of share execution for debt settlement [4][5]. Group 4: Market Reaction - Following the announcement of leadership changes, Miaokelando's stock price fell by 1.77%, closing at 23.33 yuan per share [6].

Core Viewpoint - The recent personnel changes at Miaokelando, including the dismissal of founder Chai Xiu from key executive roles, signify a shift in control towards Mengniu, potentially altering the competitive landscape in the cheese industry [3][6][7]. Group 1: Personnel Changes - On January 25, Miaokelando announced the dismissal of Chai Xiu from the positions of Vice Chairman, General Manager, and Legal Representative, while retaining her role as a director [3][5]. - Kuai Yulong, a professional manager from the Mengniu system, has been appointed as the new General Manager and Legal Representative [3][6]. Group 2: Financial Implications - The dismissal of Chai Xiu is linked to a long-standing investment-related guarantee dispute, which has adversely affected Miaokelando's financial performance [6][7]. - The company anticipates a significant impairment loss of approximately 119 million to 127 million yuan for the fiscal year 2025 due to the inability to complete the liquidation of an investment fund [6][7]. Group 3: Shareholder Dynamics - Chai Xiu remains the second-largest shareholder with a 14.92% stake, but the arbitration related to the guarantee dispute may impact her equity [6][7]. - Mengniu, as the controlling shareholder with approximately 37% ownership, is expected to strengthen its influence over Miaokelando following these changes [6][7]. Group 4: Market Reaction - Following the announcement of these changes, Miaokelando's stock price fell by 1.77%, closing at 23.33 yuan per share on January 26 [8].

Core Viewpoint - The recent personnel changes at Miaokelando, including the removal of founder Chai Xiu from key positions, signify a shift in control towards Mengniu, indicating a potential transformation in the industry landscape [1][3][10]. Group 1: Personnel Changes - Chai Xiu has been removed from the positions of Vice Chairman, General Manager, and legal representative, retaining only his board member status [1][9]. - Kuai Yulong, currently the CFO and General Manager, has been appointed as the new General Manager and legal representative [1][9]. Group 2: Reasons for Dismissal - The dismissal of Chai Xiu is linked to a breach of a compensation commitment related to a guarantee dispute involving an investment fund he helped establish [4][11]. - The fund provided guarantees for debts owed by a related party, which defaulted, leading to significant financial implications for Miaokelando [4][11]. Group 3: Financial Impact - The guarantee dispute is expected to result in a substantial impairment loss, estimated to reduce the net profit attributable to shareholders by approximately 119 million to 127 million yuan for the fiscal year 2025 [4][12]. - Miaokelando plans to recognize full impairment losses on other non-current financial assets, which could further impact its financial performance [6][12]. Group 4: Long-term Implications - The event marks a deepening of Mengniu's control over Miaokelando, with Mengniu's stake now at 36.84%, transitioning from financial investment to operational control [6][13]. - Kuai Yulong's appointment is expected to enhance financial compliance and risk management, aligning Miaokelando more closely with Mengniu's strategic objectives [7][13]. Group 5: Historical Context - Chai Xiu played a crucial role in transforming Miaokelando from a regional dairy company into a leading domestic cheese brand, with revenues growing from 512 million yuan in 2016 to 1.744 billion yuan in 2019 [7][14]. - Mengniu's investment strategy began in 2020, aiming to capitalize on the growing cheese market in China, and has progressively increased its ownership to solidify its position as the controlling shareholder [14][8].

妙可蓝多方面向北京商报记者表示，未来将加深与蒙牛协同，实现供应链与奶源体系的深度协同，构建 成本优势与供应稳定性。蒙牛作为国内乳业龙头，拥有全球化的奶源布局、规模化采购能力和完善的冷 链物流体系，双方深入协同有望从"资源对接"升级为"体系融合"。蒙牛在国内外的优质牧场资源，可为 妙可蓝多提供稳定、低成本的原料奶，降低对进口干酪的依赖，加速国产原制奶酪替代进程。实现联合 采购降本，通过蒙牛的大宗商品采购平台，从而促进妙可蓝多可在乳清蛋白、黄油等关键原料上获得更 强的议价能力。 此次接任之前，蒯玉龙长期担任妙可蓝多的行政总裁兼CFO，而在进入妙可蓝多之前在蒙牛集团负责财 务及战略工作多年。事实上，蒯玉龙在专业的财务管理能力之外，还拥有多年丰厚的战略管理以及经营 实战经验。从2018年2月至2021年9月，蒯玉龙任蒙牛集团常温事业部财务中心总经理之外，还负责常温 业务的战略规划及战略执行工作。从去年开始，蒯玉龙任妙可蓝多行政总裁兼CFO，全面协助负责公司 经营管理工作。 北京商报讯(记者孔文燮)1月26日，妙可蓝多（600882）发布公告，原行政总裁蒯玉龙接替柴琇，成为 公司新任CEO。此次人事调整，同样被理解为妙 ...

证券日报网讯1月26日，妙可蓝多（600882）在互动平台回答投资者提问时表示，股价短期涨跌受宏观 环境、市场情绪、资金结构等多重因素影响。公司坚持长期主义，始终聚焦主业，推进"BC双轮驱 动"与成本优化战略，积极维护股东利益，也会加强沟通传递公司价值。 ...

北京商报讯（记者 孔文燮）1月26日，妙可蓝多发布公告称，公司控股股东内蒙古蒙牛乳业(集团)股份 有限公司于2025年12月29日至2026年1月23日期间，通过集中竞价方式增持公司股票133.22万股，占公 司总股本比例0.26%，权益变动后持股比例由36.77%增至37.04%。本次权益变动系执行已披露的股份增 持计划所致，不涉及要约收购。增持资金来源为自有资金。 ...

一块奶酪引发的资本风暴，让创始人柴琇在2026年初被免职。 妙可蓝多官网 观察者网注意到，1月20日，中国企业家杂志还刊登了柴琇以妙可蓝多创始人、CEO身份接受专访的稿件。 "做企业就像体操比赛，每个动作都要精准到位。"报道刊登不过六日，柴琇本人却在资本市场的平衡木上，失去了平衡。 这场切割之快，或许让当事人都始料未及。 1月25日，妙可蓝多（600882）的公告措辞冰冷而直接的使用了"免职"一词，而柴琇的个人简介仍挂在妙可蓝多的首页。 导火索是一笔陈年旧账，关联方担保逾期，债权人正是如今的大股东蒙牛，这场看似突然的人事地震与法律行动，实则是五年商业剧本写就的必然终章。 1月26日收盘，妙可蓝多报23.33元/股，较上个交易日微跌1.77%，市值为119亿元。 从"奶酪女王"到被免职创始人 柴琇的离场方式在商业语境中显得尤为引人注目。 公告显示，她的离任方式并非常见的"个人原因"或"工作调整"，而是直接被董事会免职。 听话听音。公告没有选择使用"辞职"或"辞任"，前者意味着协商一致的体面告别，后者则是矛盾激化后的强制切割。 公告中，甚至未给柴琇保留"顾问"或"名誉董事长"的虚衔，仅保留董事席位，更具戏剧性的是 ...