Core Insights - JD Health released its 2024 Environmental, Social, and Governance (ESG) report, showcasing its sustainable development practices in the healthcare sector, emphasizing safety, efficiency, convenience, and warmth in health consumption experiences [1] Compliance and Governance - In 2024, JD Health established a comprehensive compliance system with a focus on user health, implementing a "three-line defense" and "five dimensions" approach to ensure compliance across all operations, including drug management and internet hospital services [3] - The company achieved ISO13485 certification for medical devices, expanding its compliance certifications to cover all business areas, including drug management and internet hospitals [3] - JD Health published standardized treatment paths for 43 diseases and established 4 core medical quality management systems, totaling 265 standardized treatment paths and 16 core systems over two years, enhancing the quality management of online medical services [3] Service Innovation - JD Health innovated its healthcare service model to meet diverse user needs, achieving an average of over 490,000 online consultations per day by the end of 2024 [4] - The company created a closed-loop service model integrating "doctor consultations," "home tests," "home delivery of medications," and "home nursing," allowing patients to access comprehensive healthcare services from home [4] - JD Health expanded its "JD Home Fast Testing" services to 12 cities, offering 149 home testing products, and launched nearly 40 home nursing projects through the "JD Nurse at Home" service [4] Technological Empowerment - JD Health accelerated the application of large model technology across various service scenarios, aiming to provide a seamless online and offline healthcare experience [7] - The company introduced several intelligent health services, including "KangKang" health assistant and "ChatGPT-like" AI psychological companion, enhancing the efficiency and accuracy of healthcare services [7] - JD Health's "Smart Doctor Assistant" became the most widely used intelligent diagnostic tool among doctors, improving clinical decision-making and patient management [7] Social Responsibility - JD Health deepened its corporate social responsibility initiatives, aiding 637 patients through its rare disease care program, with a total value of assistance reaching 6.24 million yuan [8] - The "Medical Heart Station" project, in collaboration with top medical institutions, provided support to over 23,000 patients, improving the healthcare experience for rare disease patients [8] - The company conducted 22 donation activities in 2024, donating over 1.53 million health items to rural communities and disaster relief efforts [10] - JD Health launched a "Expired Medicine Recycling" initiative, successfully collecting and professionally disposing of 11 tons of expired medications, engaging 57,000 users across 315 cities [10]

Core Viewpoint - The third "Wenxin Cup" entrepreneurship competition organized by Baidu will officially start on April 25, offering nearly 100 million RMB in cash and resources to support AI application innovation and implementation [1][3]. Group 1: Competition Overview - The competition aims to lower the barriers for AI application entrepreneurship by providing a combination of cash and resources, with a tiered incentive system for participants [3][4]. - Participants will receive a reward of tokens valued at thousands of RMB upon registration, facilitating rapid validation of product prototypes and business models [3][4]. - The previous two competitions attracted over 2,500 entrepreneurial teams, with awarded projects spanning various sectors including office, entertainment, e-commerce, marketing, finance, and healthcare, receiving more than 200 million RMB in funding support [4]. Group 2: Investment and Support - The prize structure includes 20 million RMB for first place, 10 million RMB for second place, 5 million RMB for third place, and a special award of up to 70 million RMB [6]. - Baidu emphasizes its commitment to supporting developers and entrepreneurs by providing models, development tools, and financial resources, aiming to foster a prosperous AI ecosystem [4][5]. Group 3: Future Directions - Baidu plans to leverage the "Wenxin Cup" as a starting point to enhance AI infrastructure and application implementation, promoting an open innovation approach and collaboration with developers to establish a Chinese paradigm for AI-native applications [4].

| | 本报告期 | 上年同期 | 本报告期比上年同期增减 | | | --- | --- | --- | --- | --- | | | | | (%) | | | 营业收入(元) | 748.187.189.04 | 618,822,422.15 | | 20.90% | | 归属于上市公司股东的净利 | 120,393,590.22 | 103.866.228.77 | | 15.91% | | 润(元) | | | | | | 归属于上市公司股东的扣除 非经常性损益的净利润 | 112.534.527.21 | 98.960.278.13 | | 13.72% | | (元) | | | | | | 经营活动产生的现金流量净 | 313.291.816.68 | -50.498.687.45 | | 720.40% | | 额(元) | | | | | | 基本每股收益(元/股) | 0.22 | 0.19 | | 15.79% | | 稀释每股收益(元/股) | 0.22 | 0.19 | | 15.79% | | 加权平均净资产收益率 | 1.50% | 1.41% | | 0.09% | | | ...

快速发展的AI大模型技术红利向机器人行业外溢，使机器人成为今年的热门赛道。 4月15日，第137届中国进出口商品交易会（广交会）在广州开幕。今年，广交会首次增设了服务机器人 专区，46家企业携明星产品亮相，机器狗、仿生猫"花活"不断，长出"四肢"和"大脑"的人形机器人更是 受到关注。 在广东，机器人的技术进度条正快速刷新：众擎机器人实现了全球首例平地起身前空翻，越疆科技实现 了全球首款灵巧操作+直膝行走，优必选人形机器人进入全球最多工厂……同时，新政策也层出不穷。 日前，《广东省推动人工智能与机器人产业创新发展若干政策措施》也提出，开展"机器人+"行动，深 入挖掘开放应用场景。 科技企业的集聚，体现了广东发展人形机器人的什么优势？这又将如何加速落地转化？ 围绕这些问题，南方财经全媒体记者专访了广东省机器人协会执行会长、中国机器人产业联盟理事任玉 桐。在他看来，广东是全球最大的机器人应用市场，重点是开放应用场景，让机器人企业与需求方建立 对接机制，以场景牵引技术落地。 关于未来，任玉桐很乐观，他预测，大约3-5年，人形机器人有望真正规模化落地，"且这一时间很可能 会提前，未来十年，机器人产业要超过汽车产业，广东 ...

苹果正计划从印度进口更多 iPhone 抵消新关税影响。3 月末的 3 天，苹果调用 5 架飞机从印度满载 iPhone 到美国。印度的关税为 26%，只有中国的一半不到。从特朗普宣布新关税到现在，苹果股价 已经下跌近 20%，市值削减超 5000 亿美元。 比亚迪预计一季度盈利百亿元。 去年同期比亚迪取得归母净利润大约 45.6 亿元，今年这个数字预计增加到 85 亿至 100 亿元，同比 大约增长 86% 至 118%。今年前三个月，比亚迪累计销量超过百万辆。他们在与分析师的交流中 说，今年要 "紧抓历史性发展机遇，加速乘用车业务全球化布局"。去年，比亚迪海外乘用车销售 41.7 万辆，同比大幅增长 71.9%。 科学家宣称复活了万年前灭绝的恐狼。 新关税在美国引发 iPhone 抢购潮。 据媒体报道，美国多地的苹果门店迎来大批用户抢购 iPhone，就像购物节日时那样。许多人担心新 关税落地后 iPhone 会涨价。据 TechInsights 分析师估算，苹果的 iPhone 16 Pro 256G 内存版本，零 部件、组装测试成本约 580 美元，加上 54% 的新关税，将会达到约 850 美元—— ...

星标 ★ IPO日报 精彩文章第一时间推送 又一家上市公司发起重大资产重组。 4月7日晚间，深圳市致尚科技股份有限公司（以下简称"致尚科技"，301486.SZ）发布公告称，公司正在筹划以发行股份及支付现金方 式购买深圳市恒扬数据股份有限公司（以下简称"恒扬数据"）的控制权，预计构成重大资产重组。本次交易不会导致公司实际控制人 发生变更，不构成重组上市。 可以看出，彼时恒扬数据的净利润波动较大。 制图：佘诗婕 标的公司曾于新三板上市 公告显示，本次交易事项尚处于筹划阶段，致尚科技初步确定的交易对方为恒扬数据的全部股东。恒扬数据相关股权的最终交易价 格，以致尚科技聘请具有证券期货业务资格的评估机构，通过出具资产评估报告确认的评估值为基础，再由各方协商确定。 天眼查显示，恒扬数据的主要股东包含深圳市海纳天勤投资有限公司、深圳市中博文投资有限公司、深圳市法兰克奇投资有限公司 等。 根据恒扬数据官网，恒扬数据是一家智能计算与数据处理领域的企业，致力于为电信运营商、政府安全和互联网等行业提供产品与解 决方案，合作伙伴包含国内三大电信运营商，以及国外的IBM、英特尔等。 恒扬数据介绍，在云计算、AI智算和大模型技术加速发 ...

每经记者 张蕊 每经编辑 陈星 每经4月2日电（记者张蕊） 4月1日，中国电子信息产业发展研究院（又称赛迪研究院）在京举办2025赛迪论坛，本次论坛 以"新型工业化：新动能 新篇章"为主题。 在当日下午举办的"十五五"规划分论坛上，赛迪研究院电子信息研究所所长陈渌萍作了《"十五五"时期我国通用人工智能 产业发展趋势研究》成果发布。 不过，陈渌萍也提到我国通用人工智能产业面临的重大挑战。首先，大模型技术在数据-算法-算力领域尚存瓶颈。其次， 大模型伦理安全仍是全球治理的重要挑战。此外，旺盛的大模型应用场景需求加剧人才供需矛盾。 论坛现场展示的机器人 图片来源：每经记者 张蕊 摄 在瓶颈方面，从数据看，高质量专业数据集缺乏，行业内数据共享难度较高，数据标准和治理保障体制不完善，数据流通 利用基础较为薄弱；从算法看，模型自身存在不可解释性和可靠性风险，在医疗、法律等特定领域应用受限；从算力看， 算力供给仍不充分、不平衡，能源消耗瓶颈明显。 封面图片来源：每经记者 张蕊 摄 在核心技术迭代演进方面，陈渌萍提到，AI专用芯片和量子计算的突破将推动计算硬件实现高效能、低功耗和绿色化的跨 越式发展。数据质量大幅提升，跨领域 ...

Group 1 - The core viewpoint of the articles highlights the significant decline in the performance of the brokerage industry, particularly focusing on Dongfang Caifu Securities, which experienced a dramatic drop in commission income from 344 million yuan in 2023 to 73 million yuan, a year-on-year decrease of 78.86%, resulting in a fall of 16 ranks to 35th place in the industry [1] - Dongfang Caifu Securities was previously seen as an industry disruptor due to its "platform + content" ecosystem, which leveraged internet traffic, but is now facing severe challenges due to new regulatory norms and the resurgence of traditional brokerage research capabilities [1] - The appointment of Chen Guo, former Chief Strategist at CITIC Securities, as the Deputy Director and Chief Strategist of the research institute is a strategic move aimed at revitalizing the company's research capabilities [1] Group 2 - Chen Guo stated that he will lead the Dongfang Caifu strategy research team by integrating "fundamentals + quantitative" approaches, utilizing technology to empower the company's various business operations [2] - The success of Dongfang Caifu Securities in achieving a "research feedback ecosystem" by 2025 will be a critical test for the transformation of internet brokerages [2]

智能体概念股午后大涨。 3月31日，智谱在中关村论坛上正式发布AutoGLM沉思。作为智谱的全新智能体，AutoGLM沉思不仅具备深度研究能力（DeepResearch），还能实现实际操 作（Operator），推动AIAgent（智能体）进入"边想边干"的阶段。 据了解，AutoGLM沉思基于智谱自主研发的全栈大模型技术，其中核心链路的模型和技术将于4月14日正式开源，以推动行业生态发展。目前，沉思功能已 经正式上线智谱清言网页端、PC端和手机App，免费、不限量地开放使用。这也是国内首个正式开放的DeepResearch功能。 受AutoGLM沉思影响，AI智能体概念午后出现异动，截至发稿，宏景科技、 赛意信 息 20%涨停，致远互联涨超8%，开普云涨超7%，新开普、新致软件涨 超6%，鼎捷数智涨超5%。 据智谱介绍，之所以取名为AutoGLM沉思，是因为AutoGLM沉思背后的模型，是全新推出的沉思模型，即通过强化学习，让模型学会自我批评、反思、甚至 沉思，并通过更长的深度思考时间换取更优的效果。沉思突破了实时联网搜索、动态工具调用、深度分析和自我验证，实现真正的长程推理和任务执行。 和其他智能体相比， ...

3月30日10时8分，华为首款阔折叠屏手机Pura X正式开售，售价7499元起。 在华为商城线上平台，Pura X外观有型格红、型格绿、月影灰、零度白、幻夜黑五款颜色，上线10分钟后，华为商城显示五款版本均暂时缺货。 公开资料显示，华为Pura X采用独特的16:10比例阔型屏设计，屏幕比例相比传统手机更加宽阔，能够显著提升用户在观影、创作和浏览等多种场景下的显示面 积。 深圳福田区深业上城华为实体店Pura X手机宣传（李明珠/摄） 证券时报记者来到位于深圳市福田区深业上城的华为实体店，前来选购Pura X手机的顾客络绎不绝，在询问销售人员时，对方表示标准版12G+256G的机型比较畅 销，售价7499元目前已经断货，但是12G+512G的售价7999元的部分颜色还有货，可以现场购买。但是由于搭载的是新的系统，部分APP和一些小程序现在还没 有完全适配，后续有待进一步适配。 华为Pura X的AI眼动翻页功能提示（李明珠/摄） 证券时报记者在现场实际体验该功能的时候，发现如果看到文章的末尾，会自动提示向上看请翻下一页的提醒，但是需要眼睛对准摄像头，开始使用该功能的时候 会刻意眨眼，但试用一会，会发现能随着 ...