Core Insights - The State Council issued an implementation opinion to accelerate the cultivation and large-scale application of new scenarios, focusing on creating new application scenarios in various fields and promoting industrial transformation and upgrading [1][27]. Group 1: New Fields and New Tracks - The digital economy sector aims to explore applications of technologies like the metaverse, virtual reality, and robotics, enhancing the integration of the digital and real economies [2][30]. - In the artificial intelligence sector, there is a push for the cultivation and opening of high-value application scenarios to meet diverse development needs across technology, industry, and governance [3][30]. - The development of a comprehensive unmanned system across land, sea, and air is encouraged, with applications in tourism, logistics, and public services [4][30]. - The biotechnology sector is set to expand applications in new materials, energy, and environmental protection, focusing on bio-based materials and low-carbon transformations [5][30]. - Clean energy applications are to be promoted in various transportation sectors, aiming for a collaborative development of the clean energy industry chain [6][31]. - The marine development sector will focus on deep-sea exploration and biotechnology applications [7][31]. Group 2: Industrial Transformation and Upgrading - The manufacturing sector will innovate in smart and green manufacturing, supporting the development of intelligent factories and zero-carbon parks [8][32]. - The transportation sector will implement new technologies for smart traffic management and optimize urban transport structures [11][32]. - The logistics sector will accelerate the development of smart logistics hubs and explore new models integrating technology and logistics [12][32]. - Modern agriculture will enhance digital applications in breeding and farming, promoting digital transformation in livestock and aquaculture [13][33]. Group 3: Industry-Specific Application Scenarios - The emergency management sector will focus on digital scenarios for disaster response, enhancing capabilities in monitoring and rescue operations [15][34]. - The mining safety sector will integrate technologies for intelligent decision-making and automation to improve safety standards [16][34]. - The water conservancy sector will promote integrated monitoring and management applications to enhance flood prevention and water resource management [17][34]. - The construction safety sector will implement intelligent risk monitoring and autonomous inspections to improve safety management [18][35]. - The forestry sector will utilize remote sensing technologies for ecological monitoring and disaster prevention [19][35]. Group 4: Social Governance and Public Services - The government services sector will enhance smart services through intelligent appointment and identity verification systems [20][36]. - The smart city sector will focus on urban infrastructure and digital transformation to improve community services [21][36]. - The rural construction sector will promote digital village initiatives to enhance governance and service standards [22][36]. Group 5: Enriching Livelihood Application Scenarios - The healthcare sector will integrate new technologies for innovative medical applications, including remote healthcare services [23][37]. - The elderly care and childcare sectors will innovate service delivery through smart devices and remote systems [24][37]. - The cultural and tourism sector will accelerate the application of digital technologies to enhance visitor experiences [25][37]. - The cross-industry consumption sector will promote the integration of various sectors to create new consumer experiences [26][37].

Core Viewpoint - The State Council of China has issued an implementation opinion aimed at accelerating the cultivation and opening of application scenarios to promote large-scale application of new scenarios, emphasizing the integration of technology and industry to drive economic and social high-quality development [2][4][10]. Group 1: Overall Requirements - The opinion emphasizes the need for innovation-driven, reform-pushing, and systematic promotion of application scenarios, leveraging China's vast market and rich application scenarios to support the construction of comprehensive major scenarios and high-value niche scenarios [10][11]. Group 2: Economic and Social Application Scenarios - Focus on creating new application scenarios in digital economy, artificial intelligence, and unmanned systems, promoting the integration of the digital economy with the real economy [11][12]. - Encourage the application of biotechnology in new materials, energy, and environmental protection, establishing a bio-technology industry ecosystem [12][13]. Group 3: New Business Application Scenarios - In manufacturing, support the development of smart factories and green manufacturing, and promote the application of intelligent transportation and logistics systems [13][14]. - In modern agriculture, enhance digital applications in breeding and farming, and promote smart agricultural practices [14][15]. Group 4: Industry-Specific Application Scenarios - In emergency management, improve digital capabilities for disaster monitoring and response [15][16]. - In mining safety, integrate technologies for intelligent monitoring and decision-making to enhance safety production [16][17]. Group 5: Social Governance and Public Services - Promote smart governance through intelligent services in public administration and urban management, enhancing the efficiency of public services [17][18]. - In healthcare, integrate new technologies for remote medical services and health management [18][19]. Group 6: Resource Allocation and Policy Support - Emphasize the need for fair and efficient allocation of scenario resources, encouraging collaboration across regions and industries [20][21]. - Strengthen policy support for new business scenarios and ensure the alignment of various policies to maximize their impact [22][23]. Group 7: Implementation and Coordination - Local governments and relevant departments are urged to enhance coordination and implement the cultivation and opening of application scenarios effectively [24][25].

Core Viewpoint - The article emphasizes the importance of cultivating and opening new application scenarios to promote the large-scale application of new technologies and products, thereby driving economic and social development through innovation and integration [1][2]. Group 1: Overall Requirements - The initiative is guided by Xi Jinping's thoughts and aims to leverage China's vast market and diverse application scenarios to support the construction of various integrated application scenarios across different sectors [2]. Group 2: Expanding Economic and Social Application Scenarios - The focus is on creating new application scenarios in emerging fields such as digital economy, artificial intelligence, and clean energy, promoting the integration of digital and physical economies [3][4]. - The initiative encourages the development of application scenarios in biotechnology, emphasizing the integration of biological technologies into various industries [4]. Group 3: New Business Application Scenarios for Industrial Transformation - In the manufacturing sector, the emphasis is on smart and green manufacturing, supporting the development of intelligent factories and zero-carbon parks [5]. - The transportation sector is encouraged to innovate in smart traffic management and logistics, enhancing efficiency and safety [5]. Group 4: Industry-Specific Application Scenarios - The emergency management sector is focusing on digitalization and smart technologies to improve disaster response capabilities [7]. - The mining safety sector aims to integrate advanced technologies for enhanced safety and operational efficiency [7]. Group 5: Social Governance and Service Application Scenarios - The government service sector is pushing for smart governance solutions, including intelligent appointment systems and digital social services [8]. - The rural construction sector is set to enhance information technology applications to improve governance and service standards [9]. Group 6: Enriching Livelihood Application Scenarios - The healthcare sector is promoting the integration of new technologies for improved medical services, including remote healthcare and intelligent diagnostics [10]. - The cultural and tourism sectors are encouraged to adopt digital technologies to enhance visitor experiences and service delivery [11]. Group 7: Promoting Scene Opening and Resource Allocation - The initiative calls for increased efforts in opening up various application scenarios and ensuring fair and efficient allocation of resources across different sectors [12]. - It emphasizes the importance of collaboration among different regions and sectors to maximize the benefits of new technologies [12]. Group 8: Enhancing Application Scenario Support Capabilities - The government is committed to strengthening policy support and management systems to facilitate the development of new application scenarios [14]. - There is a focus on ensuring safety and risk management in the implementation of these new scenarios [14]. Group 9: Strengthening Organizational Implementation - Local governments and relevant departments are urged to collaborate and effectively implement the initiative, with a focus on demonstrating leadership in the development of application scenarios [15].

Core Viewpoint - The State Council's implementation opinion emphasizes accelerating the cultivation of scenarios and promoting large-scale applications in the digital economy, focusing on data utilization and technological innovation [1] Group 1: Digital Economy Development - The document highlights the importance of exploring the potential of data elements, supporting innovation in data analysis, circulation, usage, and security [1] - It calls for enriching the supply of data products and services across various sectors, including office, social, consumption, and entertainment [1] Group 2: Technological Innovation Applications - The opinion encourages the exploration of application scenarios for technologies such as the metaverse, virtual reality, intelligent computing power, and robotics [1] - It aims to promote the deep integration of the real economy and the digital economy through these technological innovations [1]

Core Points - Chaoyang District has launched a new implementation plan to promote the high-quality development of the gaming and esports industry, offering financial support of up to 10 million yuan for original games that embody excellent Chinese cultural connotations and promote socialist core values [1] - The plan includes eight major projects focusing on innovation in industry-university-research collaboration, technology-enabled platform construction, and a comprehensive service system for the esports industry [1] - The district aims to establish itself as a national leader in the online gaming and esports industry by supporting game companies in key areas such as artificial intelligence and other cutting-edge technologies [1] Financial Support and Incentives - Original games that meet specific cultural and value criteria can receive a maximum support of 10 million yuan [1] - Projects utilizing technologies like artificial intelligence, virtual reality, and naked-eye 3D will be rewarded [1] - New esports venues that meet international standards can also receive up to 10 million yuan in support [1] Infrastructure and Development - Chaoyang District plans to create a development pattern characterized by "one corridor, two zones, and multiple points" to enhance the gaming industry [1] - The district is focused on adjusting industrial formats and developing esports and related industries [1] - The construction of professional esports venues is being prioritized, with the introduction of the largest esports venue in North China, Weibo IN, serving as a key location for events [2] Event Highlights - The 2024 King of Glory KPL Annual Finals will be held at Beijing Workers' Stadium, attracting 33,000 spectators and significantly boosting local hotel occupancy and commerce [2] - The 2025 KPL Annual Finals will take place at the Bird's Nest, expected to draw over 60,000 attendees, marking a significant milestone for mobile esports events [2]

Core Viewpoint - Mars Era Education has officially relocated its headquarters to the Zhongguancun Virtual Reality Industrial Park in Beijing, marking a significant step in integrating education with industry needs, particularly in the digital arts and virtual reality sectors [1][2][4]. Group 1: Company Overview - Mars Era Education has been a key player in digital arts education for 31 years, having trained over 300,000 digital creative talents, many of whom have entered emerging industries such as virtual reality and the metaverse [1][5]. - The company offers core courses in popular career fields including virtual reality, game art, film post-production, 3D animation, AI design, and interior design [1]. Group 2: Industry Context - The Zhongguancun Virtual Reality Industrial Park is a core platform for developing Beijing's virtual reality industry, housing numerous well-known companies in the sector [2][4]. - The park has attracted nearly 40 enterprises, including four from the "China VR Top 50" and five from the "China XR Top 100," creating a robust ecosystem for hardware development, content production, and talent cultivation [4]. Group 3: Strategic Importance - The relocation is seen as a deep integration of the education chain with the industry chain, ensuring a precise alignment between talent cultivation and industry demand [2][4]. - The local government has implemented a unique support policy for the virtual reality industry, addressing various needs from business establishment to talent accommodation, which will benefit Mars Era Education and its students [4].

Core Viewpoint - Kosen Technology's stock has shown significant growth this year, with a year-to-date increase of 78.21%, indicating strong market performance and investor interest [1][2]. Group 1: Stock Performance - On November 7, Kosen Technology's stock rose by 2.06%, reaching 13.90 CNY per share, with a trading volume of 4.03 billion CNY and a turnover rate of 5.35%, resulting in a total market capitalization of 77.13 billion CNY [1]. - The stock has experienced a 6.35% increase over the last five trading days, a 1.61% increase over the last 20 days, and a 52.58% increase over the last 60 days [1]. - Kosen Technology has appeared on the daily trading leaderboard 20 times this year, with the most recent appearance on September 22, where it recorded a net purchase of 1.31 billion CNY [1]. Group 2: Company Overview - Kosen Technology, established on December 1, 2010, and listed on February 9, 2017, is located in Kunshan, Jiangsu Province, and specializes in precision manufacturing processes such as die casting, forging, stamping, CNC machining, laser cutting, and injection molding [2]. - The company serves notable clients including Apple, Amazon, Google, and Medtronic, providing precision metal and plastic components for consumer electronics, medical devices, automotive products, and more [2]. - The revenue composition of Kosen Technology includes 76.75% from consumer electronics, 10.58% from energy storage, 8.10% from medical devices, and 3.33% from other precision metal components [2]. Group 3: Financial Performance - For the period from January to September 2025, Kosen Technology reported a revenue of 2.453 billion CNY, reflecting a year-on-year decrease of 6.45%, while the net profit attributable to shareholders was -115 million CNY, showing a year-on-year increase of 50.94% [2]. - The company has distributed a total of 283 million CNY in dividends since its A-share listing, with 71.68 million CNY distributed over the past three years [3].

Core Insights - The stock price of YingShi Innovation dropped by 2.00% on November 7, trading at 279.77 CNY per share with a market capitalization of 112.19 billion CNY [1] - The company has seen a year-to-date stock price increase of 58.06%, but a recent decline of 6.91% over the last five trading days [1] Financial Performance - For the period from January to September 2025, YingShi Innovation reported a revenue of 6.611 billion CNY, representing a year-on-year growth of 67.18% [2] - The net profit attributable to shareholders was 792 million CNY, showing a decrease of 5.95% compared to the previous year [2] Shareholder Information - As of September 30, 2025, the number of shareholders increased by 36.16% to 23,100, while the average number of circulating shares per shareholder decreased by 26.56% to 1,318 shares [2] - New institutional shareholders include Bosera Science and Technology Innovation Mixed Fund and others, indicating a shift in the shareholder base [3] Market Activity - YingShi Innovation has appeared on the trading leaderboard six times this year, with the most recent instance on August 28, where it recorded a net buy of -181 million CNY [1] - The company experienced significant trading activity, with large orders accounting for 17.05% of total buy and 29.70% of total sell [1] Business Overview - YingShi Innovation, established on July 9, 2015, specializes in the research, production, and sales of smart imaging devices, including panoramic and action cameras [2] - The company's main revenue sources are consumer-grade smart imaging devices (86.06%), followed by accessories and other products (12.63%) [2] Industry Position - YingShi Innovation is classified under the electronic-consumer electronics sector, with involvement in concepts such as virtual reality, consumer electronics, and artificial intelligence [2]

Core Insights - Kosen Technology's stock price increased by 2.05% on November 6, reaching 13.41 CNY per share, with a total market capitalization of 7.441 billion CNY [1] - The company has seen a year-to-date stock price increase of 71.92%, with a recent 5-day increase of 6.18% and a 20-day decrease of 5.16% [1] - Kosen Technology's main business includes precision die-casting, forging, stamping, CNC, laser cutting, and other manufacturing processes, serving major clients like Apple, Amazon, and Google [2] Financial Performance - For the first nine months of 2025, Kosen Technology reported revenue of 2.453 billion CNY, a year-on-year decrease of 6.45%, while the net profit attributable to shareholders was -115 million CNY, reflecting a 50.94% year-on-year increase [2] - The company has distributed a total of 283 million CNY in dividends since its A-share listing, with 71.68 million CNY distributed over the past three years [3] Shareholder Information - As of September 30, Kosen Technology had 94,300 shareholders, an increase of 27.57% from the previous period, with an average of 5,884 circulating shares per shareholder, a decrease of 21.61% [2]

Core Viewpoint - The stock price of Shijie Holdings has experienced a decline of 8.49% this year, with a recent drop of 2.07% on November 6, 2023, indicating ongoing challenges in the market [2][1]. Company Overview - Shijie Holdings, established on April 13, 1993, and listed on August 28, 2009, is located in Shenzhen, Guangdong Province. The company specializes in real estate intermediary services, including real estate transaction services, asset management, financial services, and internet-based services [2]. - The revenue composition of Shijie Holdings includes: property and facility management (33.35%), internet services (30.92%), comprehensive marketing (22.87%), leasing and space operation (6.28%), other services (3.38%), consulting (2.60%), and financial services (0.60%) [2]. Financial Performance - For the period from January to September 2025, Shijie Holdings reported a revenue of 1.48 billion yuan, a year-on-year decrease of 14.99%. The net profit attributable to shareholders was -41.55 million yuan, reflecting a significant decline of 98.16% year-on-year [2]. - The company has cumulatively distributed 893 million yuan in dividends since its A-share listing, with no dividends paid in the last three years [3]. Shareholder Information - As of September 30, 2025, the number of shareholders for Shijie Holdings was 54,600, a decrease of 11.15% from the previous period. The average circulating shares per person increased by 12.54% to 36,199 shares [2]. - Among the top ten circulating shareholders, Hong Kong Central Clearing Limited holds 36.32 million shares, a reduction of 3.81 million shares compared to the previous period [3].