制作日期： 2025/05/19 隔夜夜盘市场走势 1. 周五夜盘收盘，国内期货主力合约涨跌互现。氧化铝涨超 6%，盘中一度触及 涨停；纸浆涨超 1%，烧碱、沥青涨近 1%；跌幅方面，焦炭、20 号胶、橡胶、纯 碱、焦煤跌超 1%。 2.国际贵金属期货普遍收跌，COMEX 黄金期货跌 0.66%报 3205.30 美元/盎司， 本周累计下跌 3.72%。COMEX 白银期货跌 0.76%报 32.43 美元/盎司，本周累计下 跌 1.37%。 3. 国际油价走强，美油主力合约收涨 1.28%，报 61.93 美元/桶，周涨 1.49%； 布伦特原油主力合约涨 1.24%，报 65.33 美元/桶，周涨 2.22%。 4. 伦敦基本金属收盘多数下跌，LME 期铅涨 0.07%报 2006.00 美元/吨，本周累 计上涨 1.24%；LME 期铜跌 1.67%报 9440.00 美元/吨，本周累计下跌 0.06%。 地址：北京市朝阳区朝阳门外大街甲6号万通中心D座20层（100020） 总机：010-8535 6666 资讯早间报 重要资讯 【宏观资讯】 1. 上海航运交易所数据显示，截至 5 月 16 日，上海 ...

Regulatory Changes - The China Securities Regulatory Commission (CSRC) has released a decision to amend the "Major Asset Restructuring Management Measures for Listed Companies," introducing a simplified review process for certain restructuring transactions [5][6][7] - The new measures include a mechanism for phased payment of shares for asset purchases, increased tolerance for changes in financial conditions, and a six-month lock-up period for major shareholders in absorption mergers [6][7] Industry Developments - The establishment of the first clinical and translational ward for brain-computer interface technology at Beijing Tiantan Hospital marks a significant advancement in applying this technology in clinical settings [10][11] - The mandatory standard for automatic emergency braking systems (AEBS) is entering the public consultation phase, transitioning from a recommended to a mandatory requirement, which is expected to significantly increase the penetration rate of AEBS in the automotive market [8][9] Economic Indicators - The National Information Center reported positive trends in consumption, investment, and industrial production, with excavator sales increasing by 17.6% year-on-year in April and offline consumption heat index rising by 25.4% [2] - The Tianjin Municipal Government has issued an action plan to promote AI innovation, aiming for significant advancements in key technologies and a revenue target of over 100 billion yuan for core AI enterprises by 2027 [2]

美业收银系统的那些事儿 聊聊美业收银系统吧，毕竟现在哪个美业店铺还离得开一套好用的收银系统呢？特别是像玮丽软件这样的，用起来就挺顺手的。不过，说实话，每个系统都 有它的优点和短板，今天咱们就一起扒一扒。 优点嘛，确实不少 当然了，美业收银系统也不是万能的。有些系统的学习成本可不低，员工得花时间去熟悉，这对于小店家来说，可能是个负担。而且，系统更新也是个大问 题，有时候一更新，之前熟悉的操作界面全变了，又得重新学。 还有啊，就是数据安全问题。毕竟所有数据都储存在系统里，万一被黑或者被误删，那可就麻烦大了。所以啊，选择收银系统时，数据安全是个非常重要的 考量点。 怎么选，这是个问题 其实吧，选择收银系统这事儿，关键还是得看你的店铺需求和规模。像玮丽软件这样的，就比较适合中大型的美业店铺，功能全面，操作也便捷。但如果你 只是个小店，可能就需要找个更轻便、易上手的系统了。 小小的反思 技术总是不断发展的，收银系统也是。它们让我们的生活变得更便捷，但同时也带来了一些新的挑战。怎么平衡便利性和安全性，怎么选择最适合自己的系 统，这都需要我们不断地去摸索和学习。 所以啊，下次你在选择收银系统的时候，不妨多留个心眼，好好比较 ...

数据ETF紧密跟踪中证大数据产业指数，中证大数据产业指数选取业务涉及大数据存储设备、大数据分析技术、大数据运 营平台、大数据生产、大数据应用等领域的上市公司证券作为指数样本，以反映大数据产业上市公司证券的整体表现。 截至5月16日14:52，中证大数据产业指数下跌0.37%。成分股涨跌互现，天下秀领涨2.34%，博思软件上涨1.80%，盛视科 技上涨1.25%；奥飞数据领跌2.13%，税友股份下跌2.03%，数据港下跌1.92%。数据ETF（516000）下跌0.44%，最新报价 0.91元。拉长时间看，截至5月15日，数据ETF今年以来累计上涨1.44%，涨幅排名可比基金首位。 流动性方面，数据ETF盘中换手2.84%，成交1183.20万元。份额方面，数据ETF最新份额达4.57亿份，创近1月新高。资金 流入方面，数据ETF最新资金净流入643.83万元。拉长时间看，近8个交易日内，合计"吸金"1995.69万元。 消息方面，2025数据安全发展大会于今日在温州启幕。其中，主论坛上将发布《2025高质量数据集研究报告》、政务数据 管理能力成熟度贯标试点名单等一批标志性成果，为数据来源合法性检测中心等一批创 ...

Group 1 - Coinbase experienced a significant data breach, leading to a stock drop of 7.4%, which later narrowed to 4.48% [1] - The company disclosed that the breach could result in losses ranging from $180 million to $400 million, with the total impact still being assessed [1] - The leaked data included personal information such as names, contact details, partial social security numbers, and bank account identifiers [1] Group 2 - The data breach occurred just as Coinbase was set to be included in the S&P 500 index, marking a significant milestone for the company and the cryptocurrency industry [2] - Following the announcement of its inclusion in the S&P 500, Coinbase's stock price surged by 24% to $256.90, prompting analysts to raise their price targets [2]

Group 1: Industry Outlook - The global economic landscape is changing, with rising protectionism and geopolitical tensions impacting recovery efforts [2] - Digital economy technologies such as 5G, quantum computing, and artificial intelligence are emerging as key drivers for economic recovery [2] - China is a significant player in the global digital economy, with initiatives to enhance digital infrastructure and data security [3] Group 2: Company Performance - The company reported a significant decline in performance, with operating revenue of 847 million yuan, a year-on-year decrease of 50.20% [3] - Operating costs were 642 million yuan, down 48.00% year-on-year [3] - The net profit attributable to shareholders was -364 million yuan, a staggering decrease of 1947.43% compared to the previous year [3] Group 3: Future Strategies - The company is focused on ensuring the continuous operation of core businesses while developing new growth points to reverse operational difficulties [3] - Measures have been established to address the risk of delisting, as detailed in the company's 2024 annual report [3]

Core Viewpoint - The company's 2024 performance meets expectations, with a turnaround in profitability and significant growth in energy and health sectors, indicating a positive long-term development outlook under the trend of deep integration of AI and industry [1] Investment Highlights - The investment recommendation is to maintain an "overweight" rating, with a target price adjustment to 9.66 yuan (-2.00). EPS estimates for 2025-2027 are projected at 0.12 (-0.13), 0.18 (-0.14), and 0.23 yuan, with a comparable company average PE of 60.83X for 2025. Given the company's forward-looking layout in AI and cloud computing, it is expected to achieve performance growth exceeding expectations, justifying a valuation premium with a 2025 target PE of 80 times, leading to the target price adjustment to 9.66 yuan [2] - In 2024, the company achieved operating revenue of 2.82 billion yuan, a year-on-year decline of 9.73%. However, the energy and health sectors showed remarkable growth, increasing by 22.86% and 17.90% respectively. The company reported a net profit attributable to shareholders of 83 million yuan, marking a return to profitability, primarily due to a 10.73% year-on-year decrease in total expenses during the quality improvement strategy [2] - In Q1 2025, the company reported total operating revenue of 336 million yuan, a year-on-year decrease of 20.45%. The focus on revenue quality improvement led to a gross margin increase of 10.15 percentage points, with a net profit attributable to shareholders of -68 million yuan, a year-on-year increase of 23.43%. The company secured over 300 million yuan in bids across four key industries in 2024, providing incremental support for future stable growth [2] AI and Cloud Computing Integration - The company leverages its strong network and data security technology capabilities to release innovative products such as the Tianwen large model system and various cloud computing solutions, enhancing clients' network security defenses. The cloud computing sector has seen the launch of products like the Intelligent Computing Cloud platform and integrated computing machines, establishing a comprehensive product and service solution system that covers all business scenarios and serves over 100,000 government and enterprise clients and more than 20,000 channel partners [3] - The urgency for AI and industry integration is highlighted by the national industrial and information technology conference at the end of 2024, which announced the implementation of the "AI + Manufacturing" initiative by the Ministry of Industry and Information Technology in 2025. The government work report further emphasizes the support for the widespread application of large models. The company is aligning with technological innovations and industry application processes, having completed significant initial investments in new directions such as AI + security and intelligent computing cloud, and is now entering the market promotion and output release phase [3]

Core Viewpoint - The company, Yingfang Software, is facing significant challenges in 2024, with a notable decline in revenue and net profit due to macroeconomic factors, increased competition, and tightened customer budgets [2][4][19]. Financial Performance - In 2024, the company's operating revenue was 190.49 million yuan, a decrease of 21.65% compared to 2023 [2][18]. - The net profit attributable to shareholders was -28.59 million yuan, a decline of 164.29% year-on-year [2][19]. - The net profit after deducting non-recurring gains and losses was -44.74 million yuan, down 267.99% from the previous year [2][19]. - The company's cash flow from operating activities was -38.19 million yuan, a decrease of 1,273.24% compared to the previous year [19]. Investment and R&D - The company maintained a high level of investment in research and development, with R&D expenses accounting for 55.93% of operating revenue, an increase of 18.53 percentage points from the previous year [20][28]. - As of December 31, 2024, the company held 204 patents, including 58 invention patents and 146 software copyrights [29]. Market Position and Competition - The company operates in the data replication software industry, which is characterized by a relatively small market size in China compared to foreign counterparts [14][15]. - The domestic disaster recovery market was approximately 735 million USD in 2023, with a year-on-year growth of 11.8% [14]. - The company has developed a comprehensive product line that includes disaster recovery, backup, and cloud data management solutions, achieving competitive parity with foreign products in key functionalities [21][22]. Risks and Challenges - The company faces risks related to significant revenue decline and potential losses due to macroeconomic conditions, customer budget constraints, and prolonged approval cycles [4][19]. - The reliance on financial industry clients, which accounted for 30.44% of the company's main business revenue, poses a risk if investment scales in this sector decrease [8]. - The company is also exposed to legal risks, having been involved in multiple lawsuits, although recent rulings have been favorable [9][10]. Use of Funds - The company raised approximately 809.80 million yuan through its initial public offering, with net proceeds of about 731.66 million yuan after deducting fees [31]. - As of December 31, 2024, the progress of key fundraising projects was reported at various completion rates, with some projects experiencing slower-than-expected progress [34][35].

Core Points - The Ministry of Industry and Information Technology of China is soliciting opinions on the draft mandatory national standard for "Safety Technical Requirements for Children's Watches" [1][2] - The standard addresses various aspects including battery safety, network security, prevention of internet addiction, and payment control [1] - The definition of children's watches includes those designed for children aged 3 to 14 years, with smart features such as communication and location tracking [1] Summary by Categories Information Security - The standard specifies six aspects to ensure product safety, requiring watches to have security management mechanisms for applications or installation programs to prevent malicious software [1][2] Data Security and Personal Information Protection - Eight aspects are outlined to ensure data security, including the need for dedicated rules for processing children's personal information and restrictions on default access to microphone, camera, and location services [1][2] Content Security - Ten aspects are proposed to ensure content safety, including the establishment of a dedicated content pool for children and the prohibition of pre-installed generative voice Q&A applications [2] Biometric Recognition - The standard includes provisions for biometric recognition, allowing registered users to deactivate this feature and requiring watches to have detection capabilities for anti-spoofing attacks [2]

杜双介绍，为完成精准推广，企业通常会将线上各渠道收集到 的用户信息，授权给第三方数据分析机构，以分析用户的设备 型号、消费习惯等用户画像，这一过程中可能会出现数据保护 不当的问题。 作者： 罗文利 封图：图虫创意 5月13日10点13分，小岚收到了迪奥发来的短信。信息显示，迪奥于5月7日发现，曾有未经授权的 外部人员获取了迪奥持有的部分客户数据。 迪奥是法国时尚消费品牌，隶属于全球奢侈品集团LVMH（路威酩轩），主要经营手袋、女装、首 饰、香水、化妆品等高档消费品，小岚在迪奥多次购买过包和鞋子。 迪奥的短信内容显示，泄露的数据包括客户姓名、性别、手机号码、电子邮箱、邮寄地址以及消费 金额和偏好等。迪奥还强调，被访问的数据库中不包含诸如银行账户详情、国际银行账户号码 （IBAN）或信用卡信息等财务信息。 5月13日，迪奥官方客服向经济观察报就用户数据泄露一事进一步介绍，目前并未接到用户因数据 泄露导致的财产损失报告，此次短信是对用户的"预警"。另外，此次数据泄露的范围以收到短信的 用户为准，不排除海外用户同样遇到数据泄露的可能性。 迪奥并未解释用户数据在哪一个环节遭到泄露。上海锦天城（郑州）律师事务所律师贾帅告 ...