第十九届全国期货（期权）实盘交易大赛已圆满结束，迈科期货是本届大赛的指定交易商，也是连续第 三年参与大赛服务客户。 期货交易的本质就是风险管理和资产配置。在大赛这种追求收益和排名的竞技氛围下，防止客户因心态 失衡而陷入过度交易、重仓交易的陷阱，是期货公司风控工作的核心。"风控不是事后的补救，而是事 前的教育和事中的陪伴。我们深知无法替代客户做决策，也无法消除市场的固有风险，但我们能做的是 成为客户交易路上的'安全带'和'冷静哨'，通过系统性的工具、持续性的教育和人性化的陪伴，尽最大 努力帮助他们在追求收益的惊险跳跃中，牢牢系好风险控制这根'安全绳'。特别是在大赛的聚光灯下， 我们更希望向市场和客户传递一个清晰的信号：迈科期货不仅关心客户能走多快，更关心客户能走多 远。"迈科期货上述负责人表示。 在该负责人看来，期货交易是一场"马拉松"，而非"百米冲刺"。它奖励的不是短暂的锋芒，而是持久的 耐力和深邃的智慧。"我们希望每一位交易者都能将大赛视为提升个人认知与心性修炼的道场。每一位 交易者的最终目标不应仅仅是账户数字的起伏，而是通过严格的纪律、冷静的头脑和持续的学习，成为 一名稳健的交易者。愿市场中的每一位参与者 ...

丨证券研究报告丨 [Table_Title] 三季度营收同环比增长 报告要点 [Table_Summary] 2025 年前三季度，公司实现收入 29.33 亿元、同比+18.61%，归母净利润 5.02 亿元、同比 +73.50%；2025Q3，公司实现营收 9.95 亿元、同比+5.66%、环比+5.42%，归母净利润 1.97 亿元、同比+39.11%、环比+72.19%。三季度尽管受国补退坡、下游需求转弱影响，公司单三 季度收入仍实现同环比增长。 分析师及联系人 [Table_Author] 杨洋 张梦杰 SAC：S0490517070012 SAC：S0490523120002 SFC：BUW100 [Table_scodeMsg1] 公司研究丨点评报告丨恒玄科技（688608.SH） 请阅读最后评级说明和重要声明 %% %% %% %% research.95579.com 1 [Table_scodeMsg2] 恒玄科技（688608.SH） cjzqdt11111 [Table_Title2] 三季度营收同环比增长 [Table_Summary2] 事件描述 2025 年 10 月 29 日， ...

Core Insights - The article discusses the rise of digital humans in the live-streaming e-commerce sector in China, particularly highlighting the capabilities of AI-driven digital humans in enhancing human-machine interaction [1][3] - Li Yanhong, during the Baidu World 2025 conference, emphasized that digital humans serve as a universal interface in the AI era, making interactions more natural and human-like [1] Group 1: Digital Humans in E-commerce - Digital humans are increasingly utilized in various sectors including education, healthcare, consulting, customer service, and sales, indicating a broad application potential [3] - The recent "Double 11" shopping festival showcased that many of the live-streaming sales led by Luo Yonghao were supported by digital humans, demonstrating their effectiveness in driving e-commerce [3] Group 2: Technological Advancements - Digital humans possess new capabilities that enhance real-time interaction, perception, and decision-making, allowing them to provide feedback based on real information [3] - The integration of digital humans into live-streaming not only improves engagement but also elevates the overall interactive experience for consumers [3]

Core Viewpoint - The article celebrates the 10th anniversary of Qidian Research, highlighting its commitment to the renewable energy sector and the journey from a small dream to a significant research institution with professional value in the industry [2][3]. Group 1: Company Development - Qidian Research has evolved from focusing solely on lithium batteries to covering the entire renewable energy industry chain, including sodium batteries, solid-state batteries, energy storage, electric vehicles, and wind-solar storage [3]. - The company has developed a comprehensive service matrix consisting of 1 research institute, 1 exhibition, 6 media platforms, and 4 membership platforms, enhancing its capabilities and influence in the industry [3][21]. Group 2: Industry Achievements - Over the past decade, Qidian Research has provided services to over 1,000 leading companies in the renewable energy sector, including major players like CATL, Panasonic, and BYD, covering areas such as batteries, materials, equipment, and electric vehicles [8]. - The company has published numerous industry reports that have been widely cited, contributing valuable market analysis and technical insights to support decision-making for various enterprises [12]. Group 3: Future Outlook - The renewable energy industry is poised for unprecedented growth opportunities, driven by carbon neutrality goals, the proliferation of electric vehicles, and advancements in energy storage and AI technologies [14][15]. - Qidian Research aims to enhance its research capabilities and service levels, expand its research scope, and strengthen international cooperation to provide more valuable insights for the industry [15].

Core Viewpoint - The article highlights the deep emotional connection of the author, Zhang Zhe, to Xinjiang and the Xinjiang Production and Construction Corps, emphasizing its significance in his literary work and personal identity [1][2][5]. Group 1: Background and Significance - The long novel "Tian Bian" is set against the backdrop of the Xinjiang Production and Construction Corps, depicting the intertwined destinies of three generations of Corps members over 70 years [2][3]. - The narrative also includes the contributions of Shanghai youth who supported Xinjiang during the 1960s, referred to as "Shanghai Youth," who played a crucial role in the development of the region [2][5]. Group 2: Personal Connection and Literary Influence - Zhang Zhe considers Xinjiang as his "literary hometown," where he spent his formative years, and attributes his literary inspiration to the experiences and teachings of the Shanghai youth [5][8]. - The author reflects on the unique emotional and cultural ties to Xinjiang, particularly through the symbolism of the Populus euphratica tree, which represents resilience and survival in his writing [9][12]. Group 3: Literary Perspective and Evolution - The transition from journalism to fiction writing is discussed, with the author noting the differences between reporting facts and creating imaginative narratives, while acknowledging the influence of his journalistic background on his literary style [13]. - The author expresses concerns about the impact of AI on literature, emphasizing the irreplaceable human element in creative writing [14][15].

Market Overview - The three major indices experienced a low opening followed by a rebound, with the Shanghai Composite Index down 0.16%, the Shenzhen Component down 0.16%, and the ChiNext Index down 0.37% at midday [1] - Over 2,600 stocks declined across the two markets, with a total trading volume of 1.25 trillion [1] Sector Performance - The chemical sector continued to strengthen, with over 10 concept stocks, including Chengxing Co. and Qingshuiyuan, hitting the daily limit [3] - The Hainan sector remained active, highlighted by Haima Automobile achieving five consecutive daily limits in six days [3] - The organic silicon sector saw a collective surge, with stocks like Dongyue Silicon Material and Hesheng Silicon Industry reaching the daily limit [3] - Lithium battery concept stocks rapidly rose, with Tianji Co. and Shida Shenghua hitting the daily limit [3] - The robotics sector opened low and fell into adjustment, down 1.66% at midday, with multiple stocks, including Lixing Co. and Zhejiang Rongtai, experiencing significant declines [3] - Other sectors such as financial tax digitalization, MLOPS concept, PLC concept, and quantum technology followed suit with declines exceeding 1% [3] Notable News - Morgan Stanley predicts that Apple's robotics business revenue could reach $130 billion by 2040, equivalent to 30% of Apple's current revenue [3] - Bridgewater's Dalio warns that the Federal Reserve's interest rate cuts are fueling bubbles, suggesting that the U.S. stock market may be entering its final phase of exuberance [3] - Alibaba's CEO, Wu Yongming, stated that technological inclusivity presents a new opportunity in the AI era [3]

Core Viewpoint - The World Internet Conference in Wuzhen emphasizes the importance of inclusive technology in the AI era, highlighting the need for industries to focus on vulnerable groups to bridge the digital divide [1] Group 1 - Alibaba Group's CEO, Wu Yongming, spoke at the opening ceremony, advocating for the benefits of AI technology to be shared among all demographics, including the elderly, children, and disabled individuals [1] - The new generation of AI products utilizes natural language interaction, making technology more accessible to various groups [1] - The industry is urged to adopt a forward-looking approach to ensure that digital technology serves as a catalyst for overcoming the digital divide [1]

Group 1 - The "Shenzhen Venture Capital Day" celebrated its third anniversary with a focus on the "AI Era," attracting nearly 200 representatives from various sectors including government, finance, and technology [1] - Over the past three years, the event has hosted more than 30 themed activities, connecting over 800 companies and facilitating nearly 200 billion yuan in fund deployment, establishing itself as a hub for global innovation resources and capital [1] Group 2 - Three categories of funds were announced at the event, with a total scale exceeding 90 billion yuan, aimed at providing robust capital support for technological innovation [3] - The bank AIC fund has reached a cumulative deployment of 37 billion yuan, focusing on strategic emerging industries such as AI, semiconductors, and biomedicine [3] - Insurance private equity funds in Shenzhen have totaled 49.4 billion yuan, providing stable long-term funding for technological innovation [3] - The seed fund group has proposed 27 funds with a total scale of 4.136 billion yuan, targeting early-stage innovative projects [3] Group 3 - The Shenzhen Stock Exchange aims to support local enterprises in broadening financing channels through the bond market and knowledge property transactions [4] - Since the launch of the "Science and Technology Innovation Board," 28 companies in Shenzhen have issued 61 technology innovation bonds, totaling 71.345 billion yuan [5] - The Qianhai Equity Exchange Center has served 18,000 companies and facilitated 20 companies to list on domestic and overseas exchanges [5] Group 4 - Shenzhen has released a work plan to attract global sovereign funds, proposing 10 policies and 24 specific measures to engage with top sovereign funds worth 15 trillion dollars [6] - The Shenzhen Venture Capital Industry White Paper (2000-2025) was published, highlighting Shenzhen's unique ecosystem of "government guidance and market-oriented operation" in the venture capital market [6] - Industry leaders discussed trends in AI, emphasizing the importance of data accumulation, operating system development, and intelligent robot interaction as current value opportunities [6]

Core Insights - The forum emphasizes the need for a shift in family education from a "race" mentality to a "field" approach, advocating for systemic changes through collaboration among families, schools, and society [1][3] - The importance of maintaining the core value of moral education and the humanistic aspect of education amidst technological changes and diverse challenges is highlighted [1][3] Group 1: Family Education Perspectives - Family education is evolving from a personal matter to a national concern, indicating its significance in the broader context of society [1][3] - Parents are encouraged to move away from excessive anxiety and to embrace a more composed and wise approach to education [1][3] - The role of parents as role models in scientific parenting is emphasized, with a focus on moral education as the essence of family education [3] Group 2: Educational System and Social Responsibility - The need for a more diverse evaluation system in schools is stressed, along with the implementation of a holistic approach to education that includes moral, intellectual, physical, aesthetic, and labor education [1][3] - There is a call for society to create an environment that allows children to explore freely and discover themselves [1][3] - The impact of excessive competition and digital product proliferation on youth mental health is addressed, with suggestions for creating supportive environments for children [3] Group 3: Future-Oriented Education - The shift from "race thinking" to "field thinking" is seen as crucial for nurturing each child's uniqueness and autonomy, preparing them for future challenges [3] - In the age of AI, fostering an open exploratory spirit in parents and enhancing children's humanistic qualities and independent thinking skills are deemed increasingly important [3]

图转自阑夕，留言区还有网友补充了这一张： AI 时代的最热门编程"语言" ↓↓↓ | 排名 | 挡垫 | 提示词语言 | 市场占有率 | | --- | --- | --- | --- | | 1 | | 给我生成完整可运行的代码 | 18.762% | | 2 | € | 用中文回答 | 16.543% | | 3 | > | 我说了要复用现有接口 | 14.891% | | 4 | 11 | 别又给我生成一堆TODO | 12.337% | | 5 | > | 为什么又引入新依赖 | 10.984% | | 6 | | 这个错误你上次就犯过 | 9.215% | | 7 | ← | 别自作聪明优化 | 7.638% | | 8 | > | 这个API根本不存在 | 6.492% | | 9 | 1 | 还是报错 | 5.871% | | 10 | 1 | 注释和代码对不上 | 4.923% | | 11 | → | 就改这里别的别动 | 4.156% | | 12 | 111 | 不要用any啊大哥 | 3.784% | | 13 | | 能先跑起来再说吗 | 3.291% | | 14 | 1 | 你这 ...