摘要 2025 年前 11 个月商品煤销量同比减少，但自产商品煤销量增加。聚烯 烃产量因装置大修同比减少，尿素和甲醇产量及销量均同比增加，主要 受益于去年同期装置大修影响。 预计 12 月份煤化工产品生产保持稳定，前期烯烃装置检修后运营正常， 冬季天气因素影响有限，全年目标有望完成。11 月尿素销量低于产量系 保障其他产品运输，属正常波动。 四季度炼焦煤生产好于三季度，主力矿井恢复正常生产。2026 年商品 煤生产计划已基本制定，预计与 2025 年持平，各主力矿井处于正常生 产周期。 新建矿井投产时间可能推迟，但对 2026 年总产量影响有限。预计 2025 年第四季度生产成本环比可能上升，因安全费、维检费等储备类 项目动用规模较大。 预计 2025 年第四季度生产成本同比下降，降本增效措施显现。煤炭价 格回升若增加利润，可适当减少储备类项目使用，单位吨成本可能上升。 Q&A 2025 年前 11 个月中煤能源的主要生产经营情况如何？ 2025 年前 11 个月，中煤能源持续强化产销协同，不断优化产品结构，合理安 排装置检修，努力稳产增销。具体数据如下：商品煤产量 1.24 亿吨，同比减 少 152 万吨； ...

Core Viewpoint - The article emphasizes the importance of efficiency, reliability, and economy in the commercial vehicle sector, particularly for light trucks, highlighting the upcoming launch of the Jiangling Blue Whale light truck as a significant advancement in meeting user needs [1]. Group 1: Power and Energy Efficiency - The Jiangling Blue Whale features the new generation Blue Flame powertrain, achieving a powerful output of 180 horsepower, which is a 20% increase compared to traditional models, enhancing cargo transport capabilities [3][4]. - The vehicle's low-speed torque reaches 350Nm, the best in the industry, improving start-up response and climbing ability, effectively addressing power shortages under heavy loads [3]. - The truck can reach a maximum speed of 130 km/h, facilitating efficient connections for both long-distance and short-distance transport [4]. - The aerodynamic design, with a drag coefficient of 0.45, significantly reduces energy consumption, and its fuel consumption is 1.85L lower than mainstream competitors, providing substantial fuel cost savings over time [4]. Group 2: Load Capacity and Safety - The Jiangling Blue Whale is built with a frame made of 650 ultra-high-strength steel, enhancing structural strength and stability to meet various cargo demands [6]. - The vehicle features a 10mm thick steel rim, with a 32% increase in thickness and strength compared to traditional models, and offers options for reinforced tires to improve load reliability [6]. - The truck's body structure includes a new framework design with 33% high-strength steel, including 3% aerospace-grade hot-formed steel, improving impact resistance and passive safety performance [7]. Group 3: Quality and User Experience - The Jiangling Blue Whale maintains high reliability with a B10 engine life of 1 million kilometers and offers lifetime warranty services for the engine and transmission, reducing long-term maintenance costs [9]. - The vehicle is produced in Jiangling's Fushan smart factory, boasting a 98% automation rate to ensure consistent quality control [9]. - The design incorporates user-friendly features, such as an ergonomic interior layout, enhanced storage options, and noise-reducing cabin design, improving the driving experience [10].

山东能源鲁西矿业古城煤矿锚定精益创效目标，以"六精六提"融合管理为核心抓手，从理念渗透、流程 管控、资源盘活三个维度系统发力，将精益管理思维贯穿生产经营全链条，推动降本增效落地见效，持 续提升矿井经济运行质量。 多措并举深挖创效"源动力" 古城煤矿将精益理念宣贯作为降本增效的核心基础工程，立足矿井生产经营实际，从思想引领、认知深 化到行动落地层层递进，让"节约创效"理念渗透到岗位操作、流程优化、资源利用的每个细节，为全流 程精细化管控筑牢思想根基。 (精益管理大讲堂) 该矿组建专业宣讲团，编制发放学习手册，结合工作生产组织、设备管控等实际案例，为各级岗位认真 讲解精益管理在岗位中的实践路径，并依托生产协调会、班前会、专题分享会等场景，常态化分享工作 系统优化、洗选工艺改进等降本创效案例，让"省下即赚来"的理念渗透到生产作业每个环节。 盘活存量资源，拓宽增收"效益渠" "以前总觉得降本是管理部门的事，现在通过学习和案例分享，发现岗位上节约一度电、清理一块浮煤 都是在为创效做贡献。"采煤工区职工说道。"节约创效"理念的落地，真正让广大干部职工从"被动执 行"转向"主动参与"，这是推动精益管理走深走实的关键所在。 ...

Core Viewpoint - The independent listing of the world's largest ice cream company, Dream Ice Cream Company, marks a significant strategic shift for Unilever, allowing Dream to operate with greater agility and focus as it aims to capture market opportunities and address challenges in the global ice cream market [1][3][4]. Company Overview - Dream Ice Cream Company was spun off from Unilever and achieved a market capitalization exceeding 64 billion RMB on its first day of trading [1]. - The company holds a 21% global market share in 2024 and includes popular brands such as Dream, Cornetto, and Häagen-Dazs [1][3]. Strategic Shift - The spin-off is part of Unilever's "slimming plan," which aimed to divest non-core assets that had lower profit margins compared to the overall group [1][4]. - Unilever will retain approximately 19.9% of Dream's shares for up to five years to facilitate ongoing collaboration in supply chain and R&D [2][4]. Market Challenges - The global ice cream market is facing challenges such as rising costs in packaging materials (up 8%) and logistics (up 5%), which are compressing overall profit margins [3][16]. - There is a growing consumer trend towards healthier options, with demand for low-sugar and additive-free products increasing by 8%, while traditional high-sugar products are experiencing slower growth [3][15]. Financial Performance - Dream reported a revenue of 7.9 billion euros (approximately 66.6 billion RMB) in 2024, with an adjusted EBITDA of 1.3 billion euros [3][16]. - In the first half of 2025, revenue increased from 4.394 billion euros to 4.503 billion euros [3][16]. Cost-Saving Initiatives - Dream aims to save 500 million euros over the next five years through supply chain optimization, organizational restructuring, and technology integration [4][17]. - The supply chain transformation is expected to yield savings of 350 to 380 million euros by addressing inefficiencies and upgrading aging assets [4][17]. Market Position in China - Dream holds an 11% market share in China, with revenues of 270 million euros in the first half of 2025 [6][18]. - The company faces strong competition from local brands, which are growing rapidly, with notable revenue increases from competitors like Yili and Mengniu [6][18]. B2B Expansion - To address market challenges, Dream is expanding into the B2B food service sector, launching products aimed at restaurants and food service providers [7][19]. - This strategy includes forming a dedicated team to manage B2B operations, reflecting a broader industry trend towards catering to the food service market [7][19]. Product Innovation - 2025 is set to be a record year for new product launches in China, with a focus on diverse price points to cater to varying consumer preferences [8][21]. - The company is innovating flavors and product offerings, responding to consumer demand for unique and healthier options [8][21]. Growth Targets - Dream has set a target for annual revenue growth of 3% to 5% starting in 2026, with plans to improve profitability by 400 to 500 basis points [10][23]. - The company will focus on local acquisitions and expanding its product offerings to enhance its competitive position in the market [10][23].

山东能源鲁西矿业鲁西煤矿紧紧围绕"攻坚短板破瓶颈、聚力提质促发展"工作部署要求，将"节支降 耗、提质增效"融入生产全链条，以巧思破难题，用双手创效益，为矿井高质量发展注入强劲动能。 一线创新已成为矿井激活内生动力、破解生产难题的重要抓手。面对瓦斯检查仪外委维修成本高、周期 长的难题，通防工区技术骨干们主动组建"攻坚小组"，成功实现自主手动维修，将单台维修成本降低至 25元，月均创效700元。此外，回收的破损风筒，经过巧妙加工转变为质量可靠的挡风帘，全年可节约 材料费2.3万元。 与此同时，在KJ90X安全监控系统改造过程中，该矿成功突破传感器地面测试数据易缺失的技术瓶颈。 升级后，传感器稳定性达标率提升至98%，月度误报警次数控制在2次以内，系统故障率同比下降 70%，有效减少了非计划维修成本，以技术升级夯实长效降本基础。 机制护航，凝聚全员合力 理念先行，筑牢节约根基 为推进成本管控融入生产经营全过程，该矿建立"生产经营指标旬协同例会"机制，将月度指标为基础 的"静态预算"和执行过程中的"动态预算"相结合，强化生产计划、指标预算的动态预警分析，做好全过 程管控，确保预算目标和市场化经营结果保持一致。 该矿坚 ...

Core Viewpoint - The news discusses the potential sale of Shanghai Mutong Technology Co., Ltd. (Mutong Technology) by ByteDance, indicating a shift in ByteDance's gaming strategy from focusing on research and development to prioritizing platform development and monetization through a light-asset business model [1][10]. Group 1: Background and Acquisition - Mutong Technology was acquired by ByteDance in March 2021 for approximately $4 billion, with the aim of enhancing ByteDance's gaming portfolio and competing with established players like Tencent and NetEase [3][4]. - Prior to the acquisition, ByteDance had made significant investments in the gaming sector, totaling around 30 billion yuan across 22 deals involving 19 companies from 2020 to 2021 [3]. Group 2: Performance and Challenges - Mutong Technology's flagship game, "Mobile Legends: Bang Bang" (MLBB), generated total revenue of $502 million by January 2020, with 61% of that revenue coming from Southeast Asia [4]. - In November 2023, reports emerged that ByteDance was seeking to sell Mutong Technology for no less than $5 billion, hiring Goldman Sachs as a financial advisor [4][6]. - ByteDance's gaming division has faced significant challenges, including a major downsizing in 2023, with many projects being halted and teams disbanded [6][8]. Group 3: Strategic Shift - Industry experts suggest that ByteDance's gaming strategy is characterized by a "traffic-driven, quick in and out" approach, focusing on capital and traffic leverage rather than deep gameplay innovation [4][6]. - The company is now shifting towards a more platform-oriented model, emphasizing user acquisition and AI efficiency, rather than competing directly with traditional game developers [10]. Group 4: Future Directions - ByteDance's gaming division is undergoing a restructuring under new leadership, aiming to adopt a long-term perspective on product development and operations [8]. - The company is also exploring new game projects and acquisitions to enhance its capabilities, such as the acquisition of part of Hangzhou Xinguangliumei's team and assets [9].

温湿度定制与数据监测服务则精准匹配了酒类、食品等行业的需求。针对红酒、高端白酒等对存储环境要求高的产品，仓储企业推出了专属温湿度定制服 务，将仓库温度、湿度精准控制在企业需求的范围内，同时配备实时数据监测系统，企业可通过手机终端随时查看存储环境数据，一旦出现异常，系统会立 即发出预警。 此外，还有仓储配送一体化定制服务、短期租赁灵活调整服务等。前者为企业提供"仓储+配送"的全链条服务，根据企业的销售区域，优化配送路线，缩短 配送时效；后者则允许企业根据自身需求，灵活调整租赁期限与仓库面积，避免空仓浪费。这些定制化服务的推出，让临时仓库从"被动存储"转向"主动服 务"，成为企业供应链中的重要一环。 在传统认知中，临时仓库的功能仅限于"存放物品"，但随着仓储行业的转型升级，临时仓库的定制化服务已成为企业降本增效的重要助力。嘉禾云仓在几年 前推出了多元化的临时仓库定制化服务，覆盖分拣、包装、配送、数据监测等多个环节，精准匹配企业的个性化需求。 分拣打包定制服务深受电商企业青睐。针对电商企业订单零散、分拣效率低的痛点，我们推出了"临时仓库+分拣打包"一体化服务，根据企业的订单类型， 定制专属分拣流程，配备专业分拣人员 ...

一些具备普遍性、共通性且在AI解题范围内的简单咨询，可以交给AI。同时，也要确保一些非常规、 可能难倒AI的需求能及时转人工，避免让用户陷入AI不灵又无人求助的困境。 在AI客服的使用上耍小聪明，企业可能因小失大。消费者维权无门，客服视而不见，过度追求降本很 容易陷入品牌与消费者信任损耗、口碑影响力下滑的恶性循环。 想转人工客服，难上加难？近日，据央视报道，通过对主流电商、社交、金融、物流等10多家平台客服 系统实测发现，无论是在线客服还是电话客服，AI客服都存在较明显的理解能力不足，而人工客服接 入障碍重重，严重影响用户体验。 在调查中，一边AI"听不懂"诉求，一边用户要转人工如"闯关"，这样的两难在现实中并不陌生。 而造成转人工难的原因之一竟是企业"人为"设置的。企业手握用户寻找人工客服难易程度的自主决定 权，有的企业主动利用AI设置拦截障碍。 "听不懂"有技术受限的客观原因，也可能存在企业有意压缩成本选用低版本应付的情况。 低价AI客户服务多是基础版本，面对复杂需求难免力不从心，而要升级相关服务却需要更新语料库优 化系统，这就不可避免要持续的资金投入，让有的企业动了歪脑筋。 人为设障则反映了一些企业不愿 ...

（文章来源：证券日报） 证券日报网讯 12月16日，联创电子在互动平台回答投资者提问时表示，业绩波动确实暴露了公司在行 业激烈竞争与内部转型中的阵痛。公司正通过拓展主营业务、全力降本增效等举措来积极应对，同时， 公司努力提升经营水平，提高公司持续盈利能力，增强公司综合竞争力。 ...

Core Viewpoint - The article discusses the alarming rise in layoffs in the U.S., with over 1.17 million employees laid off as of November, marking a 54% increase from the previous year, reminiscent of the 2008-2009 financial crisis [5][6]. Group 1: Causes of Layoffs - The primary cause of layoffs is attributed to the efficiency revolution led by the DOGE department, resulting in 293,753 federal employees and contractors losing their jobs, with an additional 20,976 in the private and non-profit sectors, an eightfold increase compared to 2024 [15]. - The macroeconomic environment, characterized by high costs and tariffs, is also a significant factor, as many companies face debt repayment pressures from loans taken during the low-interest period of 2020-2021 [18][19]. - Retail, service, and food industries are the hardest hit, with retail experiencing a 20% drop in consumer confidence and significant job cuts from companies like Target and Starbucks due to rising prices and reduced consumer spending [27][30][32]. Group 2: Impact on Different Sectors - The retail sector has seen massive layoffs, with companies like Target cutting 1,800 jobs and Starbucks 900 due to decreased consumer spending [30]. - The service industry has also been affected, with 69,089 layoffs, a 64% increase, as companies like UPS cut 14,000 management positions to improve efficiency [30]. - The food industry faced 34,165 layoffs, with rising costs leading to job cuts in beef processing companies [32]. Group 3: Technology and Management Changes - The technology sector has contributed significantly to layoffs, with 35% of the total layoffs coming from this industry, particularly affecting middle management roles [47][48]. - Companies are increasingly using layoffs as a management tool to improve profitability, with a new focus on revenue per employee as a key performance indicator [50]. - The trend of cutting middle management has led to immediate operational cost savings, with companies like Amazon and Verizon reporting significant efficiency improvements after layoffs [57]. Group 4: Future Outlook - The technology sector is expected to continue this trend, with predictions of a peak in cost-cutting benefits by 2026, potentially reducing operational costs and increasing profit margins [60]. - However, the loss of middle management, which often holds critical technical knowledge, may extend product development cycles and hinder innovation [65][74]. - The article warns that excessive cost-cutting could erode the foundation of innovation in the tech industry, leading to a talent shortage and reduced research and development investment [75][73].