宝子们，今天咱们来唠一个比悬疑剧还刺激的故事——全网最神秘"失踪人口"中本聪！ 这位大佬干了啥？简单来说，他随手搞出了一个叫比特币的玩意儿，直接改变了全球金融圈的画风！但离谱的是，他缔造传奇后，竟然玩起 了"人间蒸发"，留下一群人抓耳挠腮："这人到底是谁？！" 这些人被怀疑是中本聪？ 中本聪消失后，全球网友开启了"全民侦探"模式，把怀疑对象列了一长串！ 一顿操作猛如虎，比特币横空出世！ 时间倒回2008年，当时的金融圈正被金融危机搅得鸡飞狗跳。就在大家焦头烂额时，一个叫中本聪的神秘ID，在metzdowd邮箱列表甩出一篇 论文——《比特币：一种点对点式的电子现金系统》！这篇论文就像一颗深水炸弹，直接给金融圈整了个"文艺复兴"！ 论文里，中本聪大谈电子货币网络理论，把去中心化、加密算法这些"黑科技"讲得明明白白，仿佛在说："我摊牌了，我要搞个新货币，你们 都别拦着！"2009年1月3日，他又搞了波大的——挖出比特币的第一个区块"创世区块"，从此，比特币正式"C位出道"！ 这还没完！中本聪不仅是个"理论派"，还是个"实干家"。他在各大论坛疯狂"营业"，和开发者们讨论代码，更新比特币客户端，活脱脱一 个"技术狂魔" ...

以下文章来源于旅界 ，作者theodore熙少 旅界 . 跟踪时代浪潮，讲述文旅商业好故事。 五一机票没跳水，打工人要破防。 文 ｜ theodore熙少 来源｜ 旅界（ID：tourismzonenews） 封面来源 ｜ Pexels 快到五一了，还没有"抄底"买到机票的打工人焦虑情绪正在社交媒体上蔓延。 4月下旬，打开小红书、微博、各大旅游群，"机票怎么还不跳水？"成了热搜评论区的统一口号。 有网友晒出深圳飞成都的票价，4月23日仍坚挺在全价。 有人在评论区咬牙自嘲："这不是等跳水，这是在等航司反杀。" 有人总结得更直白："航司精准避开五一，这哪是跳水，这是滑水——往后滑。" 评论区更是不乏有大量用户绝望地祭出"反杀熟大法"，祈祷自己想买的机票能顺利"降价"。 4月是"机票等等党"的最后阵地，他们守在小红书评论区，像猎人盯着猎物： "明天会便宜吧？" "结果是，每一晚睡前刷票价，第二天起床一看，票又特么涨了。" 数据不会说谎，民航飞行数据App飞常准显示，今年五一，大部分航线即使有降价，也都在5月3日之后，十分精准的"跳"过了打工人的假期需求，把"跳 水"变成了"收网"。 而就在去年五一到国庆，每逢节前， ...

今天分享的是：2025年量子计算应用能力指标与测评研究报告 报告共计：47页 《量子计算应用能力指标与测评研究报告》由量子信息网络产业联盟发布，旨在构建量子计算应用能力评测框架，推动量子计 算应用发展。 1. 研究背景：量子计算基于量子力学，具有强大并行计算能力，但当前处于含噪中等规模（NISQ）阶段。产业面临量子计算能 否解决行业问题、超越经典计算性能等诸多疑问，且缺乏能准确评估量子计算整体性能的工具与方法，因此构建评测框架十分 必要。 2. 行业场景与需求：移动网络和金融行业作为高算力需求行业，面临诸多计算难题。移动网络在信号处理、网络优化、人工智 能和数据处理方面挑战巨大，如512×8维度MIMO矩阵计算、500小区联合覆盖优化等问题；金融行业在投资组合优化、风险管 理等方面需求迫切 ，如投资组合优化需处理海量数据以寻找最佳资产配置方案。两个行业对算力需求各异，且在部署方面对量 子计算机的环境、接口等有特定要求。 3. 量子计算应用能力体系框架：应用能力关键指标涵盖计算需求和应用能力指标。计算需求包括计算时长、精度、规模和效能 等；应用能力指标涉及硬件性能、算法性能、增强性能、扩展能力和部署能力等。同时 ...

Core Viewpoint - The signing of the "2025 Annual Ele.me (Shanghai) Delivery Algorithm and Labor Rules Agreement" marks a significant step towards improving the working conditions and compensation for delivery riders, addressing their concerns about pay, working hours, and algorithm transparency [1][2][4]. Group 1: Agreement Highlights - The agreement ensures that the comprehensive hourly wage for delivery riders will not be less than 25 yuan under normal working conditions [2][4]. - It aims to gradually eliminate penalties for exceeding delivery time, thereby reducing the anxiety of delivery riders regarding time constraints [1][2]. - New features will be introduced, such as a "self-selected rest reminder" function, allowing riders to choose their preferred rest periods [1]. Group 2: Algorithm Transparency and Optimization - The agreement emphasizes the need for transparency in the calculation of delivery fees, with plans to establish a public section on the platform to explain the algorithm's principles and optimization processes [3]. - The platform will optimize the pricing algorithm to increase the weight of challenging deliveries, such as those involving heavy or oversized items, and improve the automatic subsidy feature for adverse weather conditions [2][4]. Group 3: Safety and Labor Protection - The agreement includes provisions to enhance safety by increasing the importance of dynamic factors like traffic control and weather warnings in the dispatch algorithm [4]. - It sets limits on working hours, ensuring that delivery riders do not work more than 11 hours a day and mandating breaks after four consecutive hours of work [4]. Group 4: Community Engagement and Support - The conference involved various stakeholders, including merchants, consumers, and community representatives, to discuss issues related to delivery time estimation and path management [6]. - A new service called "Tap to Open" has been introduced, allowing riders to quickly gain access to buildings, addressing the common issue of delivery access [6]. Group 5: Government and Platform Collaboration - The Shanghai government is actively promoting the protection of new employment forms, encouraging collaboration among government, platforms, and labor unions to enhance algorithm governance and worker rights [7].

今天分享的是：天机阁：2025年具身机器人行业现状及未来趋势分析报告 - 商业化挑战与突破途径：成本是商业化的关键挑战，不过可以通过规模化生产、国产化替代以及企业自身的成本控制策略来降低成本。政策方面，中国和 欧盟的相关政策为行业发展提供了支持，推动技术创新和应用推广。医疗手术机器人、农业采摘机器人等杀手级应用具有巨大的市场潜力，一旦取得突破， 将有力推动行业发展。 - 行业发展前景：目前，具身机器人行业处于创新扩散曲线早期采用者阶段，技术成熟度还有提升空间，但未来十年有望重构1.5万亿劳动力市场，具有显著 的投资价值，行业发展将创造巨大经济价值，引领社会发展新趋势。 以下为报告节选内容 >>> 2025 具身机器人行业现状 及 未来趋势分析 汇报人: 天机阁 时间：2025.04 ● 智能硬件 机器人 遛信 航天航空 物流 VRAR 电子 : E NI 888 : 报告共计：30页 《2025年具身机器人行业现状及未来趋势分析报告》由天机阁发布，对具身机器人行业进行了全面剖析，涵盖行业现状、未来走向等关键内容。 - 行业研发与应用现状：在研发方面，硬件技术虽有突破，但面临诸多挑战。能源效率续航不足，影响机器 ...

Core Insights - The company reported a significant decline in net profit and cash flow from operating activities, indicating challenges in profitability and operational efficiency [1][3][12] Financial Performance Summary - **Revenue**: The company's revenue for 2024 was 690,656,731.64 yuan, a slight increase of 0.38% from 2023. The core business of security video monitoring products generated 676,815,810.45 yuan, accounting for 98.00% of total revenue, with a minimal growth of 0.13% [2] - **Net Profit**: The net profit attributable to shareholders was 71,333,202.49 yuan, down 22.89% from 2023. The net profit after deducting non-recurring items was 64,553,129.72 yuan, a decrease of 25.94% [3] - **Earnings Per Share**: Basic earnings per share fell to 1.05 yuan, down 21.64% from 1.34 yuan in 2023. The diluted earnings per share also decreased to 0.95 yuan, a drop of 25.20% [4] Expense Analysis - **Sales Expenses**: Sales expenses increased by 17.36% to 27,285,879.91 yuan, primarily due to higher employee compensation and operational costs for the Shenzhen subsidiary [5] - **Management Expenses**: Management expenses rose by 18.35% to 64,267,822.06 yuan, attributed to increased severance benefits and legal fees [6] - **Financial Expenses**: Financial expenses were -30,756,506.67 yuan, a change of -26.46% from the previous year, influenced by increased foreign exchange gains and interest income from financial products [7] Research and Development - **R&D Expenses**: R&D expenses remained stable at 83,991,046.07 yuan, a slight decrease of 0.57%. The company continues to invest in new product applications in the security video monitoring sector [9] - **R&D Personnel**: The number of R&D personnel decreased by 22.71% from 317 to 245, with notable changes in educational background and age structure [10] Cash Flow Analysis - **Operating Cash Flow**: The net cash flow from operating activities was 30,209,401.50 yuan, a significant decrease of 59.59% from 2023, indicating reduced cash generation capability [12] - **Investing Cash Flow**: The net cash flow from investing activities increased by 56.01% to 152,397,776.00 yuan, reflecting a shift in investment strategy towards liquidity [13] - **Financing Cash Flow**: The net cash flow from financing activities decreased by 124.66% to -208,137,217.65 yuan, indicating changes in fundraising and dividend distribution [14] Management Compensation - The reported compensation for the management team included 963,000 yuan for the chairman and 1,179,500 yuan for the general manager, raising concerns about the alignment of management pay with company performance [16][17]

日经中文网"开设了"日经BP精选"栏目。日经BP是日本经济新闻社媒体集团的一员，成立于1969年。作 为日本领先的B2B媒体公司，聚焦经营管理、专业技术及生活时尚三大主要领域。敬请读者关注。 以下文章来源于日经BP ，作者日经BP 编者荐语： 日经BP . 日经BP成立于1969年4月, 隶属于日本经济新闻社集团。作为日本领先的B2B媒体公司，我们聚焦"经营 管理"、"专业技术"及"生活时尚"三大主要领域，满足客户多元化的需求。 成本核算的陷阱 出版社 : 东 方出版社 内容简介 本书的核心是成本核算，它是企业经营过程中的重点问题，但是经营者往往不精通会计理 论和成本核算，而会计师们的解释又太过理论化且晦涩难懂，这导致经营者不能准确地对成 本和经营举措做出判断，从而阻碍企业的发展。 作者揭露了企业会计原则的本质，警示经营者不要迷信完全成本核算法，因为成本核算的 目的不是技术性、表面性的事务，而是经营策略，所以必须使用重视可变支出变化的直接成 本核算法，详细说明了机会成本和边际收益对成本管理的重要性，各种成本管理方法，以及 如何分配薪酬以最大化地激发员工工作积极性等。 阅读更多内容请点击下方"阅读原文" （本文 ...

封面来源 ｜ 视觉中国 对于男性消费者，剃须刀是生活必需品，这个看似再普通不过的日用品，在最近几年的变革层出不穷。 在知乎平台上，某位坚持"湿剃8年"的用户认为，相比草草了事的干剃，需要提前热敷、使用剃须膏软化胡须的湿剃，最能体现生活的仪式感，也是对皮 肤最友好的剃须洁面方式。然而，也有更多男性用户认为，在快节奏的当下社会，便捷高效的干剃，才是更好的剃须选择。 飞利浦开启剃须革命。 一个明显的趋势是，男性消费者越来越重视剃须的体验感，也更关注电动剃须刀产品功能的选择。 大体划分，当下的电动剃须刀有往复式、旋转式两种类型。往复式是通过刀片快速左右往复切割胡须，适合胡须浓密、粗硬的西方男性用户。旋转式是刀 头做圆周运动单向切割胡须。相对往复式，旋转式更安静、舒适度高，更适合亚洲人的胡须和肌肤状态。 但无论是往复式还是旋转式，电动剃须刀的技术突破总是停留在刀片厚度、马达转速等参数的比较，难以满足消费者的终极需求。值得关注的是，作为男 士的生活必需品，电动剃须刀行业仍展现出积极的发展信号。商务部发布的《中国电子商务区域发展大数据分析报告》，也佐证了这一细分行业的光明前 景。 报告显示，在2023年各类商品的线上消费中 ...

Core Insights - The company achieved a revenue of 662 million yuan in 2024, representing an 18.04% year-on-year growth, and a net profit of 66.3 million yuan, with a non-recurring net profit of 55.1 million yuan, reflecting a 12.17% increase [1] - The company focused on optimizing and upgrading key products in software, hardware, and production processes, fully integrating AI algorithms to enhance efficiency and reduce costs while exploring new market opportunities [1][2] - The company's Malaysian factory has begun mass production, steadily increasing capacity and improving customer service efficiency, which is beneficial for expanding into overseas markets [1][2] Product and Technology Development - The company has fully integrated AI algorithms into key products, significantly enhancing product performance, particularly in SMT appearance defect detection and semiconductor packaging processes [2] - New machine vision equipment has been developed, including dual-sided 3D AOI and side camera AOI models, which have received international IPC certification, showcasing the company's technological strength [1][2] - The semiconductor AOI detection equipment has gained recognition from leading customers in high-precision detection fields, resulting in sales and repeat orders [2] Market Expansion and Global Strategy - The company is actively expanding into the semiconductor packaging and dispensing application sectors, with a focus on meeting diverse industry needs through various self-developed equipment models [2] - The establishment of branches in Japan, Singapore, and the Czech Republic has created a global service network, effectively mitigating geopolitical risks and responding to localized supply chain demands [2] - The company maintains a commitment to technological innovation and quality, with its products widely used across critical sectors of the national economy, establishing a strong brand image in the industry [3]

证券研究报告 | 2025年04月15日 目前ETF基金在半年报、年报中公布的机构投资者持有份额占比一般是将 ETF联接基金和其他机构都视为机构求得的，但实际上，ETF联接基金中也 有个人投资者，按照现有方法计算会高估机构投资者的比例。本文基于ETF 和联接基金披露的数据，采用"ETF机构持仓穿透算法"计算ETF基金中机构 投资者实际持仓的规模和占比。 按资产类别分类 相比 2024 年 6 月 30 日（以下使用'H1'代指'6 月 30 日'），2024H2 以下使 用'H2'代指'12 月 31 日'）机构投资者对股票型ETF的持有比例上升至 60.85%；对债券型、商品型、货币型ETF的持有比例分别下降至 84.90%、 18.32%、70.09%，对跨境型ETF的持有比例上升至 40.19%。 按板块分类 统计股票型ETF中周期、大金融、科技、消费四个板块ETF的规模和机构持 仓变动情况。从板块上看，除科技板块外，机构投资者对周期、大金融、消 费板块的持有规模均有所上升。机构投资者持有规模增加最多的是大金融板 块，由 2024H1 的 244 亿元上升至 2024H2 的 305 亿元。个人投资者持 ...