不知道大家有没有发现一个问题，这些年好像类似全球变暖的话题很少了？ 我甚至看到有不少人在那里说"气候变暖"本身是个骗局。其实稍微了解相关论文和研究结果，就知道不但不是骗局，而 且"全球变暖"这事已经彻底变成了现实。 现在主流学界普遍的观点是：气候已经大幅变暖，并且在加速变得更暖，由此产生的极端气候也在变多。 我看不少人说"气候变暖"这东西有争议，因为地球本来就是每隔一些年变暖，一些年变冷，这也是为啥河南的简称 叫"豫"，因为以前温暖的时候有大象。 也就是说，可能气候变暖并不是人类导致的，而是自然节律的一部分。 其实在科学界争议并不大，科学界压倒性的共识是，人类活动导致温室气体暴涨。包括NASA、NOAA、英国气象局、中 国气象局等200余家机构一致确认全球变暖由人类活动主导。当前升温速度是地球自然变暖的50倍，这个几乎没啥争议。 温室气体排放，就是人类排放出来的二氧化碳和甲烷，这些气体跟个罩子似的扣在地球上，可以防止热量辐射到太空， 然后地球越来越热。 这就衍生出来三个问题： 1. 为啥会这样？ 2. 全球变暖为啥会导致极端气候？ 3. 有啥影响？ 咱们一个一个讲，首先第一个问题，气候变暖的原因是啥？ 工业排 ...

一是研发投入加速增长。从整体看，2024年全社会研发经费投入占GDP的比重达到2.68%，规模增 加到3.6万亿元，稳居全球第二。从主体看，企业是研发投入高增长的主要力量，企业研发投入占比超 过77%。从标杆看，深圳作为创新标杆城市，研发投入占GDP的比重达到6.46%。 二是关键核心技术攻关加速突破。比如，2024年集成电路年产量比"十三五"末增长72.6%，增加约 1900亿块，越来越多的产品装上了"中国芯"；核电、高铁、船舶与海洋工程等装备取得新突破，人工智 能、量子科技、载人航天、深空探测等领域创造了多个全球"首次"和"第一"。 三是新兴产业加速壮大。比如，2024年我国高技术制造业增加值比"十三五"末增长42%，数字经济 核心产业增加值增长73.8%，占GDP比重达到10.4%，提高2.6个百分点。又比如，2024年我国累计在研 创新药达到4000余款，约占全球30%。 四是人才创新活力加速迸发。我国人力资源总量、科技人力资源总量、研发人员总量世界第一，科 学、技术、工程、数学专业毕业生每年超过500万。人才储备为技术突破提供了坚实基础，成为创新活 动的源头活水。 原标题：我国持续推动创新势能向经济 ...

Group 1 - The core viewpoint of the article highlights the impact of Typhoon "Danas" on weather conditions in southern and northern regions of China, with strong rainfall expected in the south and hot, humid weather in the north [1] Group 2 - The article states that from July 10 to July 12, the remnants of Typhoon "Danas" will continue to cause heavy rainfall in southern regions, particularly in areas like Fujian and Guangdong, where localized heavy rain is anticipated [1] - It mentions the need for precautions against secondary disasters that may arise from the heavy rainfall [1] - As "Danas" moves inland, high temperatures in the southern regions will decrease, while northern regions, influenced by subtropical high pressure, will experience hot and humid weather, particularly in Shandong and Henan [1]

Core Viewpoint - The company anticipates a mixed performance for the first half of 2025, with revenue expected to range from 3.46 to 3.76 billion yuan, while net profit is projected to significantly increase year-on-year, indicating a strong recovery in its core business segments [1][2] Group 1: Financial Performance - For the first half of 2025, the company expects revenue between 3.46 billion and 3.76 billion yuan, reflecting a year-on-year change of -0.89% to +7.71% [1] - The projected net profit for the same period is estimated to be between 202 million and 232 million yuan, showing a substantial year-on-year increase of 102.33% to 132.38% [1] - In Q2 2025, the company anticipates revenue of 1.744 billion to 2.044 billion yuan, with a year-on-year change of -0.9% to +16.2% [1] Group 2: Business Segments - The cottonseed business is expected to recover profitability in the short term, while the plant extraction business shows positive long-term trends [1] - The company has implemented a strict lock-in operating model for its cottonseed business, which has led to a turnaround in profitability [1] - The plant extraction segment, particularly products like chili red and stevia glycosides, has seen a year-on-year increase in gross profit, indicating a favorable trend [1] Group 3: Market Outlook - The company is positioned to benefit from the FDA's plan to phase out petroleum-based synthetic food colorings by the end of 2026, which is expected to increase demand for natural colorants [1] - The prices of several plant extraction products are currently at relatively low levels, suggesting potential for stabilization and improvement [1] - The company aims to leverage its low-cost industrial production capabilities to efficiently replicate its successful multi-product development model [2] Group 4: Profit Forecast and Investment Rating - The company is projected to achieve net profits of 376 million, 493 million, and 604 million yuan for the years 2025, 2026, and 2027, representing year-on-year growth rates of 299%, 31%, and 23% respectively [2] - The company has been upgraded to a "strongly recommended" rating based on its leading position in the plant extraction industry and its strategic growth plans [2]

Core Viewpoint - The Heilongjiang Provincial Government has issued policies to support the high-quality development of the aerospace industry, aiming to establish a modern aerospace industry cluster that is distinctive, factor-aggregated, intelligent, high-end, and open [1]. Group 1: Policy Measures - The measures promote the coordinated development of aviation equipment, supporting the growth and market expansion of both complete aircraft and supporting products [1]. - Products that meet the criteria and obtain relevant approvals from the Civil Aviation Administration of China will be included as key new products in the province [1]. - The policies also aim to integrate research, manufacturing, and service in the aerospace sector, supporting the construction of major scientific infrastructure and the development of satellite manufacturing enterprises [1]. Group 2: Innovation and Technology - The measures emphasize enhancing the innovation capabilities of enterprises, providing subsidies for R&D investments exceeding 500,000 yuan, based on the previous year's R&D expenditure [2]. - There is a focus on breaking through key core technologies, supporting aerospace enterprises in leading major technology breakthroughs, and promoting the industrial application of scientific achievements [2]. - The establishment of collaborative innovation platforms that integrate enterprises, markets, and research institutions is encouraged to foster technological advancements [2]. - Major technology equipment projects with an investment of over 100 million yuan will be implemented annually to promote innovation in the aerospace sector [2].

Core Viewpoint - Zhongke Shuguang (603019.SH) has signed a cooperation framework agreement with Zhongke Xingtou to advance technological innovation in the space sector, focusing on advanced computing applications and industry development [1][2]. Group 1: Cooperation Details - The collaboration will involve technology research and development, industry applications, and ecosystem building, including the construction of a "space-ground integrated" computing architecture [2]. - Both companies aim to leverage their strengths in computing and aerospace information technology to promote deep applications of space computing technology in key areas [2]. Group 2: Company Performance - Zhongke Shuguang has over 30 years of development, holding a leading market share in high-end computing, storage, security, and data center sectors, and is actively involved in intelligent computing, cloud computing, and big data technology research [3]. - Since its A-share market debut in 2014, the company has achieved continuous growth in net profit for 11 consecutive years, with revenue increasing from 2.797 billion to 13.148 billion yuan over the past decade, representing a growth of over 3.7 times [4]. - In Q1 2025, Zhongke Shuguang reported revenue and net profit of 2.586 billion and 186 million yuan, respectively, reflecting year-on-year growth of 4.34% and 30.79% [4]. Group 3: Restructuring Plans - Zhongke Shuguang is pursuing a restructuring plan with Haiguang Information, where Haiguang will acquire Zhongke Shuguang through a share swap, with a swap ratio of 1:0.5525 [4][5]. - The total transaction value for the asset acquisition is approximately 115.967 billion yuan, and upon completion, Zhongke Shuguang will cease to be listed, with Haiguang inheriting all assets, liabilities, and rights [5].

法院经审理认为，通过商家一系列颇有针对性的安排，可以确认商家对相关风险已具有较为充分的认 知，也试图确保贵重首饰在退货运输中的风险尽量处于己方可控的状态。商家设置的退货流程，选择信 赖的物流企业来实施取件和运输，实质上已将商家对风险的控制力渗透、延伸到了取件和运输环节中。 刘女士花9.15万元在某电商平台购买某款型手镯。到货后，因为手镯佩戴效果不佳，刘女士在该网购平 台上发起七天无理由退货退款申请，退款金额9.15万元。发出申请后，商家同意退货，表示会安排指定 物流企业上门取件，并告知刘女士，为保护产品安全，勿自行退回。令人意外的是，商家收到货后却拒 绝退款。 对网购的商品不满意，申请七天无理由退货时却遭到商家拒绝，怎么办？近日，最高人民法院公布一则 案例，保护消费者七天无理由退货的权利。 "经验收，退回的产品有试戴痕迹，有明显划痕，需要由珠宝工艺师进一步评估，因为平台退款有时间 限制，我们先暂缓退款。"商家如此答复，并将手镯寄还刘女士。 "我在申请退货时已经拍摄了手镯外圈的360度环绕视频以及手镯两边开合位置的局部视频，商家经确认 后才同意了我的退货申请。"刘女士说，自己在退货过程中的全部操作均按照商家的指 ...

Group 1 - The A-share market has seen a significant increase in major asset mergers and acquisitions (M&A), with 104 disclosed projects this year, which is 2.17 times that of the same period last year [1] - The shift in M&A logic from "scale first" to "innovation-driven and ecological synergy" reflects a deeper change in the market, emphasizing the importance of acquiring innovative assets such as data, patents, and production processes [1][2] - The current economic environment reveals limitations in traditional M&A strategies focused on scale, prompting companies to seek core technological breakthroughs and innovative ecosystems to gain competitive advantages [1][3] Group 2 - Companies like Haitan Water Group are leveraging M&A to transition from traditional production to new productive forces, particularly in the photovoltaic silver paste sector [2] - The competition among enterprises has evolved beyond single products to a comprehensive contest of entire industrial chains and innovation ecosystems, driven by intensified product homogeneity and price wars [2] - The trend of innovation-driven and ecological synergy in M&A is expected to create a strong demonstration effect, encouraging more companies to engage in M&A, thereby enhancing the overall technological level and optimizing industrial structure [2][3] Group 3 - The chairman of the China Securities Regulatory Commission highlighted the importance of a financial service system that supports technological innovation and industrial transformation, positioning M&A as a key function in optimizing resource allocation [3] - The transformation of A-share M&A logic is both a spontaneous market evolution and a necessary choice for the capital market to support national strategies, aiming to aggregate innovative elements and upgrade industrial ecosystems [3]

| | 特定对象调研 | 分析师会议 | | --- | --- | --- | | 投资者关系 | 媒体采访 | 业绩说明会 | | 活动类别 | 新闻发布会 | 路演活动  | | | 现场参观 | 其他（电话会议） | | | 1、中泰证券：陈鼎如、马梦泽、张丽婷、李鑫、周兴贞、李佳 | | | | 宸 | | | | 2、国投瑞银：李轩 | | | | 3、银华基金：郭澄 | | | | 4、交银施罗德：魏玉敏、张三维 | | | | 5、上银基金：黄颢 | | | | 6、易方达：鲍昀骁 | | | | 7、平安养老：陈晓光、陈良源 | | | 参与单位名称及 | 8、华夏未来资本：丁鑫 | | | 人员姓名 | 9、海通资管：董山青 | | | | 10、复熙资产：乐涵聃 | | | | 11、远信投资：周阳 | | | | 12、中泰资本：于鑫淼 | | | | 13、上海证券：赵军伟 | | | | 14、西部利得：毛振强 | | | | 15、昱奕资产：林雪峰 | | | | 16、汇丰晋信：胡连明 | | | | 17、山西金控：习宇 | | | | 18、博普资产：章腾飞 ...

Core Points - The Shenzhou 19 crew made their first public appearance after returning from a 183-day space mission, sharing their experiences and insights [3][4] - Commander Cai Xuzhe set multiple records during the mission, including a world record for the longest single extravehicular activity at 9 hours [3] - The mission involved significant scientific experiments, including the first attempt to grow sweet potatoes in space, contributing valuable data for future long-term space missions [4] Group 1 - The Shenzhou 19 crew's mission marked a transition from the construction phase to the application and development phase of China's space station [3] - The crew completed 88 space science experiments, with about half being new experiments conducted on the space station [4] - The astronauts emphasized the importance of teamwork and the support from ground researchers in achieving mission success [3][4] Group 2 - The crew members expressed their commitment to advancing China's manned space program and their belief in the future of space exploration [4] - The astronauts have successfully completed their recovery and rehabilitation phases and are now in good physical condition, ready to resume normal training [4]