首程控股（0697.HK） 2025-7-9 星期三 即时点评 追投多家明星机器人企业，打造产业全链条服务商 【事件】 公司公告:1）近日，公司全资子公司首程资本旗下资本所管理的北京机器 人产业发展投资基金（有限合伙）（简称"北京机器人基金"）投资星海图 （北京）人工智能科技有限公司。本次投资是继 2025 年 3 月投资之后的 追加投资。2）6 月份以来，北京机器人基金陆续追投了银河通用、宇树 科技，并投资云深处、墨现科技等机器人产业明星企业。 【点评观点】 在真实场景方面，依托公司旗下停车场、产业园区及 REITs 等资产，结 合股东首钢集团的工业场景资源，可以为机器人企业提供测试验证、用 户互动与数据积累的土壤，从而加速其项目落地。 ➢ 机器人综合体验店开放招募，为机器人企业提供全周期服务 公司打造的全球首个"机器人综合体验店"首批招募计划已面向全领域 机器人企业开放。公司将为入驻企业提供销售代理、融资租赁、需求对 接、渠道拓展、供应链支持等多维度产业化支持，全面赋能优秀企业机 器人产品走向更广阔市场。 目前机器人行业正处于从技术验证向场景落地转换的关键时期。公司按 "投资+运营+生态"一体化发展路径， ...

每当这份沉甸甸的报告最终成稿，我们的心中总会涌起一种满满的收获感。这不仅是对过去一 年辛勤耕耘的总结，更是对未来探索的期待。十四年的坚守与沉淀，见证了市场的风云变幻， 也见证了我们在专业道路上的稳步前行。 华宝证券出品的2025中国金融产品年度报告《生态跃迁》，已经正式发布了。这是我们 连续第 十四年 发布这个报告。 图：2025中国金融产品年度报告封面 | ** LU | | --- | | 10. 选择"长期正确"还是"当下赚钱"? …………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………… 24 | 去年的金融产品年度报告中，我们首次提出 财富与资管行业迈向服务化 的转型方向。令人欣慰 的是，这一理念在业内引发了广泛共鸣。回首2024年，我们也清晰地看到，整个行业在这条转 型之路上已然迈出了坚实的步伐，不断探索前行。 然而，迈向服务化的进程并非单个机构的孤立行动，而是需要整个行业的协同共进，需要财富 生态的重构与升级。这是一场全方位、深层次的蜕变，我们将其称之为生态跃 ...

"我们的系统就像一个精通多国语言的翻译官，能让说不同'语言'的设备实现无障碍交流。既兼容国际 通用Matter协议，又针对中国复杂场景优化PLC电力线通信技术，让瑞族的瑞士精工烤箱、松下的环境 传感设备、ASKO的碳中和洗衣系统等实现毫秒级协同响应。"泰创科技创始人姚明海形象地比喻道。 值得一提的是，有了AI的助力，这套智能家居系统还会像人一样主动思考并自觉执行任务。松下电气 中国东北亚公司新风空调事业总括松井润讲述了一些实际案例。"在全链路生态系统当中，婴儿房在雾 霾天依然能够保持如森林般的洁净呼吸。更可贵的是，这个系统通过AI越来越懂用户，当它发现你深 夜咳嗽，会默默调高温度、调高湿度，却不打扰睡眠。这些功能的实现，得益于系统背后的三大核心技 术突破：多协议融合技术、分布式AI计算架构和隐私计算技术。" 7月9日，香江集团正式发布该公司联合泰创科技及松下、日立等众多知名智能家居品牌企业打造的智能 家居全链路生态系统。 据了解，该系统核心在于能够打破品牌与技术壁垒，实现跨品牌产品的无缝集成与协同工作，并通过统 一的数据平台和智能中枢，为用户提供高度个性化、安全可靠且可持续进化的智慧生活体验，同时为行 业伙伴 ...

据统计，2023年以来，全省绿美点年均种植乡土阔叶树种苗木900多万株，配套基础设施700多处，举办 绿色文化、生态科普等活动4000多场，绿美点混交林比例持续提升，体育健身、休闲露营、森林音乐会 等多元绿美新场景持续涌现，生态产品供给更加丰富，进一步带动当地群众增收。 绿美点建设要重点解决"怎么看、怎么干、怎么管"三大核心问题，着力推动绿美点建设由"从无到 有"向"从有到精"转变，提高绿美点生态质量。 近年来，全省各地积极加快绿美点建设进度，谋划岭南国防教育基地绿美点、河源龙川县龙台山郊野公 园绿美点、环南昆山—罗浮山绿美带等标志性工程。同时，各地还充分利用城镇周边的山地、集体林 地、果园和废旧矿山等，推动新建一批郊野公园、山地公园绿美点，以小切口牵引带动绿美广东生态建 设向纵深开展。 按照任务要求，全省57个县（市）至少新建1个郊野公园、山地公园类绿美点，并将其纳入县城规划设 计。同时，各地要在辖区内选取1—2个绿美点，打造具有地方特色、景观优美、群众喜爱的精品绿美 点，力争"建出成效、建成亮点"。 7月8日，据广东省林业局消息，截至目前，全省共建设绿美点193个，其中高水平打造精品绿美点32 个，启动建 ...

在前端技术快速迭代的当下，掌握Vue3已成为开发者立足未来的关键。若想通过2022版Vue3系统入门实战课程快速上手，需聚焦以下核心模块。 虚拟DOM与Diff算法优化是性能提升的关键。Vue3的双端比较和LIS算法能精准定位节点变化，减少不必要的DOM操作。例如，在列表渲染场景 中，Vue3的Diff算法能高效处理节点顺序变化，渲染速度比Vue2更快。理解这些原理，能帮助开发者写出更高效的代码。 生态工具链是开发效率的保障。课程结合Vite构建工具，利用其冷启动和HMR特性，大幅提升开发体验。同时，掌握Vue Router实现路由管理、 Pinia进行状态管理，能构建出结构清晰、可维护性强的应用。 聚焦这些核心模块，结合实战项目不断练习，开发者能快速掌握Vue3，在前端开发浪潮中占据先机 响应式系统与组合式API是Vue3的灵魂。与Vue2基于Object.defineProperty的实现不同，Vue3采用Proxy实现响应式，不仅能监听对象属性的增删， 还能追踪数组索引变化。组合式API通过setup函数将逻辑聚合，配合ref、reactive等函数管理状态，让代码更易维护与复用。例如，使用ref定义计 ...

Group 1: Oilseed Rape in Shihezi City - Shihezi City has initiated large-scale planting of oilseed rape along the G30 National Highway, creating a picturesque landscape of blooming flowers [1][2] - The oilseed rape flowers are currently in full bloom, attracting tourists and enhancing local tourism [2][4] - The unique blooming period of oilseed rape in Xinjiang lasts for 30 to 35 days, contributing to both aesthetic and economic benefits, with nearly 1,000 yuan per mu of land [4] Group 2: Pepper Industry in Dejiang County - Dejiang County has transformed its landscape by planting drought-resistant pepper trees, turning previously barren rocky mountains into productive land [7][11] - The pepper industry has become a sustainable path for ecological value conversion, with 480,000 mu of rocky desertification treated over the past decade [11] - The local economy benefits from the pepper harvest, with significant yields being reported [9] Group 3: Peach Production in Wuxi - Wuxi's Yangshan Town is known for its high-quality water peaches, which have recently been harvested [12] - The area has undergone significant ecological restoration, improving both the environment and the quality of the peaches produced [12] - The local government has implemented measures to protect the environment, leading to better agricultural outputs [12] Group 4: Pineapple Production in Guangdong - In Guangdong's Huilai County, highland pineapples are now in season, with over 60,000 mu of land dedicated to their cultivation [16][18] - The pineapple industry has positively impacted over 15,000 local households, enhancing their income [18] Group 5: Grape Harvest in Turpan - Turpan City has over 630,000 mu of grapes maturing for harvest, with a variety of high-quality grape types available [19][21] - The local grape production is expected to exceed 1.6 million tons this year, supported by improved agricultural practices [23] Group 6: Bamboo Production in Le'an - Le'an County, known as the "Hometown of Chinese Bamboo," is experiencing a bountiful harvest of bamboo shoots, with over 300,000 tons expected this year [25][27] - The processing of bamboo shoots into dried products provides significant income for local farmers, averaging an increase of over 20,000 yuan per household [27]

Core Viewpoint - The "14th Five-Year Plan" has achieved significant progress in China's economic and social development, particularly in green development, which has become a prominent feature of contemporary China [1] Group 1: Achievements in Green Development - The concept of "green mountains and clear waters are as valuable as mountains of gold and silver" has gained widespread acceptance, leading to improved environmental quality across urban and rural areas [1] - Forest coverage has increased to over 25%, with new forest area equivalent to the size of Shaanxi Province, contributing to one-fourth of the global increase in greening [1] - The proportion of days with good air quality has stabilized at around 87%, an increase of 3 percentage points compared to the "13th Five-Year Plan" period [1] - Major rivers like the Yangtze and Yellow Rivers have achieved Class II water quality standards throughout their main streams [1] Group 2: Energy and Resource Utilization - The scale of installed renewable energy generation has historically surpassed that of coal power, establishing the world's largest clean power system, with one-third of electricity being green energy [2] - Over 20% of raw materials used in steel production come from recycled scrap, demonstrating significant energy savings and carbon reduction [3] Group 3: Future Opportunities in Green Investment - The construction of a new energy system, including large-scale wind and solar bases, new energy storage, smart grids, and hydrogen industry, presents vast opportunities [4] - Industrial green and low-carbon transformation will focus on high-energy-consuming sectors such as steel, non-ferrous metals, building materials, and chemicals [4] - Development of a green transportation system, including the entire supply chain for new energy vehicles and smart urban traffic systems, is essential [4] - Enhancements in urban and rural living environments through green buildings and resilient cities are prioritized [4] - Ecological restoration and carbon sink enhancement, including forestry, marine, and grassland carbon sinks, are critical areas for investment [4] - Innovations in green technology and services, such as advanced low-carbon technologies and environmental big data, are also highlighted [4]

Core Viewpoint - The event in Chengdu's Wuhou District focused on linking China's mobile industry ecosystem, showcasing investment opportunities in cutting-edge fields like artificial intelligence and microwave radio frequency, and promoting major industrial projects [1][3]. Group 1: Investment Opportunities - Wuhou District has implemented the "Establishing Parks and Full Parks" initiative, aiming to cultivate new productive forces and release extensive development opportunities [3]. - The investment opportunity list includes 48 major collaboration projects across various sectors, including smart terminals, healthcare, artificial intelligence, and low-altitude economy [3]. - Key projects highlighted include Wuhou New Quality Innovation Valley and the International Clinical CRO Industry Center, among others [3]. Group 2: AI+ Industry Ecosystem - The "China Mobile-Wuhou District AI+ Industry Ecosystem Alliance" was launched to integrate regional research and industrial resources, accelerating AI field outcomes and enterprise incubation [4][5]. - The alliance aims to leverage 5G and AI integration to enhance Wuhou's industrial upgrades and foster high-quality development in the electronic information sector [5]. Group 3: Project Signings - A total of 16 major industrialization projects were signed during the event, with a total investment of nearly 3 billion yuan [7]. - Notable projects include the Sichuan Huixin Smart Computing AI Power Center and the Suzhou Futai Technology City Service Robot R&D Center, focusing on AI and smart city applications [7]. - The projects align closely with China Mobile's industrial ecosystem, emphasizing AI+, microwave radio frequency, and new energy materials [7]. Group 4: Ecosystem and Environment - The event showcased Wuhou District's clear industrial positioning, rich application scenarios, and favorable business environment, which provide a broad platform for enterprise development [9]. - The district has gathered over 60 key artificial intelligence enterprises, indicating a robust ecosystem for innovation and collaboration [5].

Economic Growth and Contributions - The GDP of China is expected to reach approximately 140 trillion yuan this year, with a total economic increment of over 35 trillion yuan during the "14th Five-Year Plan" period, equivalent to the total GDP of the top three provinces: Guangdong, Jiangsu, and Shandong in 2024 [2] - Domestic demand has been the main driver of economic growth, contributing an average of 86.4% to the growth over the past four years, with final consumption contributing 56.2% [3][4] Investment Trends - Investment has shifted towards quality, with capital formation contributing 30.2% to economic growth over the past four years [3] - The expansion of market consumption has driven investment in sectors like 5G and smartphones, leading to an average annual growth of 21.9% in internet and related services investment [4] Manufacturing and Infrastructure - China has maintained its position as the world's largest manufacturing power for 15 consecutive years, with over 200 major industrial products produced in the highest quantities globally [5] - The country boasts the largest modern infrastructure network, including highways, high-speed rail, and power grids, which supports rapid economic and social development [5] R&D and Innovation - By 2024, the proportion of R&D expenditure to GDP is projected to reach 2.68%, with total R&D spending increasing to 3.6 trillion yuan, positioning China as the second globally [6] - Key technological advancements include a 72.6% increase in integrated circuit production and significant growth in high-tech manufacturing and digital economy sectors [7] Employment and Income - The urban employment rate has remained stable with over 12 million new jobs created annually during the "14th Five-Year Plan" period, contributing to improved living standards [9] - Income growth for residents has been in sync with economic growth, leading to a reduction in the income gap between urban and rural areas [9] Foreign Investment - From 2021 to May 2023, foreign direct investment in China reached 4.7 trillion yuan, surpassing the total during the "13th Five-Year Plan" period [10] - The government plans to further relax market access and enhance the environment for foreign investment, ensuring fair treatment and support for foreign enterprises [10]

在信息爆炸但专业价值稀缺的资本市场，投资者从未如此渴求系统化的学习工具与精准决策支持。 2025年7月，九方智投股票学习机迎来里程碑式版本迭代，以超过30项功能升级强势回应市场期 待。本次升级不仅聚焦工具性能提升，更以"生态化、专业化、智能化"为核心，打造一站式投资赋 能平台，深刻契合注册制深化下投资者结构变化与专业投顾服务升级的行业大趋势。 ▲ 图为用户正在使用"易知股道"股票学习机 牛人应用：构建金融内容创作者生态 股票学习机本次迭代的核心突破在于重磅上线"创作者生态平台"，这标志着九方智投股票学习机已 从工具提供者向生态构建者跃迁。 其中，"牛人页"是专业价值的"展览馆"。它打破信息茧房，将经过严格筛选的优秀金融创作者及其 专业成果集中展示。投资者可高效发掘与自身投资理念契合的实力导师，解决"选对人"的行业痛 点。 ▲ 图为股票学习机"牛人页" "关注页"是专属信息的"聚合器"。投资者关注的牛人动态、观点更新、策略调整等信息实现一站式 聚合推送。告别信息碎片化，确保用户紧跟所信赖导师的最新洞见，提升信息获取效率。 牛人主页升级是深度互动的"新阵地"。其实现视觉与交互体验全面优化，牛人信息展示更全面。特 ...