S.C P ARTCENTER ÓÓ双橙艺术中心 arma a 122 a 008 ! ni C "我们将从场地运营进入内容制作的新赛道。"站在萧山闻堰街道中国视谷产业社区三江汇创谷园 区，双橙艺术中心负责人丁卫满怀信心。 "双橙"在闻堰的成长，与"中国视谷"在湘湖的"城"长同步。两年多来，其依托三江汇创谷两大国际 标准的演播厅（1900平方米的A厅与2100平方米的B厅），为《天赐的声音》《妙墨中国心》等重磅文 化IP保驾护航，更打造了抖音跨年盛典、登陆日公演等顶流舞台，筹备了CFS世界总决赛、女团公演等 直播演出，在行业内获得广泛关注。 为何取名"双橙"？其实原本是"双城"之意，期待美国基地与杭州基地开展全方面的深度"双城合 作"。从"双城"到"双橙"，则是另一种艺术。三江为幕，创谷为芯，它以"橙色"的活力开启其在中国视 谷产业社区的"文化+科技"的新征程，让"内容孵化"与"数字艺术"成为新坐标。 从舞美制作公司起步，跃升为浙江卫视等重量级节目的场地运营商，"双橙"正锚定XR虚拟制片巨 屏，打造影视剧场景棚，重新勾勒艺术与叙事的边界。接下来，立足闻堰"视谷之窗"的独特定位，双橙 艺术中心将深耕原创沉浸式I ...

公告称，该项目致力于通过融合边缘计算与数字孪生的AI技术，构建一套具备自感知、自诊断、自优 化能力的输渣设备智能运维管理平台，有效解决火电厂干排渣系统现有运行管理中的各类痛点问题，达 成"无人值守、智慧运营"的先进管理模式，为火电厂的安全稳定运行与高效精细化管理提供强有力的技 术支撑。 有券商分析师表示，当前电厂辅机智能化改造空间巨大，仅输渣设备改造市场而言，全国就有约4000台 存量改造空间，整体市场规模可观。 另据青达环保官微7月15日发布的消息，近日，中电联携手青达环保和北京中工数联科技有限公司共同 举办"输渣设备AI系统鉴定会暨产业发展交流会"。青达环保总经理刘衍卉在主题发言中指出，智能化运 营已成为企业增强竞争力、实现低成本运营的重要手段和必然选择。 7月15日，青达环保(688501)披露公告，公司及控股子公司北京中工数联科技有限公司于近日收到1项由 中国电力企业联合会(简称"中电联")颁发的"融合边缘计算与数字孪生的输渣设备智能运维技术"的科学 技术成果鉴定证书，经过鉴定委员会认真评定后，认为该项目成果整体达到国际领先水平，同意通过科 技成果鉴定。 据青达环保介绍，输渣设备AI系统实现了数据采集 ...

君临天下，一言九鼎！ 2025年，"十四五"规划迎来收官决胜的关键阶段，既肩负着总结过往、夯实基础的承前启后重任，更开启了谋 划长远、创新突破的继往开来新局。在这一重要时间节点上，证券公司作为资本市场不可或缺的中坚力量，需 深刻把握政策导向，持续践行金融向实、金融为民的核心理念。 证券公司不仅要成为服务实体经济高质量发展的生力军，精准对接企业融资与产业升级需求，还要成为居民财 富管理新需求的贴心服务者，通过多元化、个性化的财富管理方案，助力民众共享经济发展成果，实现财富的 稳健增长与社会责任的双重履行。 作为人民日报主管主办的主流财经媒体和粤港澳大湾区的中央媒体，证券时报见证资本市场优秀标杆成 长。"2025中国证券业君鼎奖"正是我们挖掘中国优秀证券公司的活动之一。 先给大家划重点： 1.报名申报时间为2025年7月15日9:00至2025年7月30日23:00。 2.填报的数据范围是2024年1月1日至2024年12月31日。 3.网络报名地址： https://ewap.stcn.com/junding2025/bm 4.硬性指标打分权重为50%，专家评审打分权重为40%，网络投票权重为10%。 5.各大 ...

Market Overview - The A-share market is experiencing a mixed trend, with the Shanghai Composite Index rising due to strong performance in banking and other heavyweight sectors, while the Shenzhen Component Index is underperforming due to the divergence in thematic stocks [2][9] - The market is expected to maintain a strong oscillating trend, with structural opportunities being abundant despite short-term fluctuations [10][12] Short-term Market Dynamics - The market is currently above 3500 points, and further upward movement requires sustained trading volume support. Recent trading volume has decreased to approximately 1.45 trillion yuan, indicating a need for market consolidation [10][12] - The policy environment remains supportive of the capital market, with expectations of long-term incremental capital inflows, limiting the potential downside during technical corrections [10][12] Investment Strategy - Investors are advised to adopt a strategy of buying on dips while being cautious of rapid market changes. It is important to avoid blindly chasing sectors that have seen significant recent gains [3][11] - Three main investment themes are highlighted: 1. Stocks with better-than-expected mid-year performance forecasts, focusing on those with improving earnings outlooks [3][11] 2. Technology sectors including robotics, AI, semiconductors, and digital economy, with a caution to avoid overvalued speculative plays [3][11] 3. Rebound opportunities in sectors like new energy and brokerage firms, suggesting a buy-on-dips approach [3][11] Sector Performance - The PEEK materials sector saw significant gains due to a major contract win, indicating strong growth potential driven by demand in humanoid robotics and other applications [6][7] - The robotics industry has shown substantial growth, with a 60% increase in the humanoid robot sector since early January, supported by strong policy backing and increasing global demand for industrial robots [7][8] - The electricity sector is also active, driven by rising electricity consumption due to high temperatures and the growth of emerging industries, with a reported 10.3% increase in electricity usage in high-tech manufacturing [8]

® % @1 … 1 39 22:51 @ G Q Q N ( 逻辑精选红宝书 2025.7.13市场逻辑精选 逻辑红宝书 2025-07-13 特别提示: 下文涉及的题材或公司,内容罗列和篇幅长短,与 后续涨跌无关，亦均非进行推荐，仅作研究辅助。投资者应自 主决策,注意风险。 RDA: RWA核心要素,助推数字资产上链 ◇驱动: 2025年7月10日，上海市国资委党委中心组召开专题 学习会, 重点讨论稳定币与RDA的发展趋势及应对策略，此前 上海交易所提出RDA (实物资产数字化) 首创新范式, 强调数 据与实体资产的深度融合。 非研公社-红宝书 FERH, ○RDA (实物资产数字化)：具备实数融合、真实透明、收益 可信、价值重构和生态协同的五大特点，可分为资产准备、资 产发行。资产交易三个环节，通过数据资产交易市场功能保障 和区块链等可信技术保障,推动实体资产在数字世界的价值映 射,RDA有望帮助RWA建立起信贷融资、股权融资、证券化和 全球募资四类资金渠道，未来或将赋能RWA突破实体资产融资 的核心瓶颈。 金证股份: 参股公司卓信科技具备全方位稳定币基建能力, 可 提供稳定币发行平台及平台模块。 非研 ...

Summary of Key Points from the Conference Call Company Overview - The company discussed is **Xingwang Ruijie**, which operates in four main segments: **Ruijie Network**, **Communication**, **Financial Innovation**, and **Metaverse** [2][4][5]. Core Business Segments and Performance - **Ruijie Network**: Expected to contribute significantly to net profit, with projections between **400 million to 500 million CNY** for the first half of 2025, showing a strong performance [2][4][7]. - **Communication Segment**: The core of this segment is the **Optical Communication** business, primarily serving **China Mobile** and expanding into **China Unicom**, **China Telecom**, and **China Tower** markets. A growth period is anticipated in 2025 due to product updates that will increase the proportion of high-margin products [2][5][8]. - **Financial Innovation**: Led by a subsidiary in Shenzhen, this segment provides comprehensive financial solutions and participates in the **digital RMB pilot project**. The company has completed **Hongmeng certification** and is expanding into the **Middle East** and **ASEAN** for international payment solutions [2][3][5][16]. - **Metaverse Segment**: Focuses on audio-visual technology and immersive experiences, with applications in entertainment and corporate promotion. Collaborations with universities are ongoing to explore brain-computer interface technology [2][6][18]. Financial Performance - The company forecasts a net profit of **180 million to 240 million CNY** for the first half of 2025, representing a year-on-year growth of **3.81% to 91%** [4][7]. - The **De Ming Communications** segment, focusing on the U.S. market for vehicle networking, reported a revenue and profit increase of approximately **30%** in the first half of 2025 despite trade tensions [2][5][7]. Future Growth Drivers - Anticipated growth in the second half of 2025 is driven by advancements in computing power and the availability of computing cards, which are expected to boost demand for switches [2][8]. - The overseas business of Ruijie Network has seen over **50% growth** in revenue last year, with expectations for continued strong performance [2][8]. - The company is also focusing on high-margin products in the optical communication sector, including voice gateways and intelligent gateways, to meet AI demands [8][9]. Market Position and Strategy - The company has joined the **Digital RMB Alliance** and collaborates with major firms like **Meituan**, **Alibaba**, **Tencent**, and **JD.com** to expand cross-border payment solutions [3][16]. - The white-box switches, primarily targeting internet companies, have a gross margin of about **20%**, significantly higher than the **8%-10%** margins typical for simple OEM/ODM manufacturers [10][12]. Operational Efficiency - The company has implemented significant operational cost reductions, which are expected to enhance net profit margins as revenue grows without a proportional increase in operational expenses [9][11][14]. AI and Innovation - The company is actively exploring AI applications, particularly in hardware needs for data center switches and integrated solutions for various sectors, including healthcare [18][19]. - Research in brain-computer interface technology aims to provide personalized mental health analysis through advanced modeling techniques [18][19]. Outlook - The overall performance for the first half of 2025 aligns with expectations, with optimism for increased orders and revenue in the second half, particularly in computing power and operator construction opportunities [20]. - New products and market expansions are anticipated to contribute positively to the company's financial performance, enhancing returns for investors [20].

美丽田园 20250714 摘要 美丽田园 2025 年上半年收入同比增长 33%至 1.75 亿元，净利润率提 升 0.6 个百分点至 11.7%，主要得益于内生增长和外延并购的双轮驱动 战略，以及高毛利率增值业务收入占比的提高，尤其亚健康医疗服务板 块增长显著。 奈瑞儿并表后，2025 年上半年贡献收入 2.76 亿元，预计单店全年收入 将提升至 800 万元，净利润率从收购前的 6%提升至 9%。增持奈瑞儿 股权至 90%直接提升了美丽田园的归母净利润水平。 2025 年上半年，美丽田园美容与保健业务内生客流同比增长超 10%， 亚健康医疗服务板块同比增长超 100%，权益金同比增长 30%，经营现 金流量增长 90%，整体客流增长超 50%。 美丽田园计划通过深化双美加双保健商业模式，持续推动内生加外延并 购策略，与上游供应商及商业地产合作降低成本，利用 AI 工具提高效率， 以达成甚至超越全年收入 30 亿元、经调整净利润 3.4 亿元的目标。 奈瑞儿 2025 年上半年店均收入预计超过 800 万元，店效提升效率超过 10%。公司将投入资源升级智能美养业务至 2.0 版本，并计划于 2026 年将 ...

来源：望京博格投基 近期，稳定币概念热度飙升。 博格深入研究发现，稳定币往大说可能重塑全球金融格局，往小说则能显著提升网络购物效率。 为便于理解，我们以一次跨境购物为例： 一、假设博格是沙特小酋长，准备在某宝抢购LABUBU。 （1）传统支付流程： 身处利雅得的博格提交订单后，需将沙特里亚尔（SAR）转换为人民币支付。 该结算需经沙特银行→纽约中转行→上海收款行→商家账户四道环节，耗时4-5个工作日，手续费超 5%，这种效率注定让博格与LABUBU无缘。 （2）若使用稳定币支付： 抢购前，博格只需将手里的沙特里亚尔（SAR）兑换为淘宝支持的稳定币，订单提交后某宝商家瞬时可 收到稳定币完成交易，几乎零手续费、无汇率延迟。这事或许当天就能上热搜#沙特酋长花稳定币闪购 LABUBU#。 对比可见，稳定币在高效性与成本控制上完胜传统法币。 二、为什么中国积极推动稳定币？ 稳定币对制造业出口大国意义重大： 它能大幅压缩跨境贸易结算周期与成本，提升中国商品全球竞争力。这也是高层支持中国香港推行稳定 币监管的核心动因。 对互联网平台同样关键： 高效支付是电商、金融科技的生命线。 目前蚂蚁集团（Ant Internation ...

Macro News - The Central Committee of the Communist Party of China issued an opinion on strengthening financial trial work, emphasizing the need to punish financial crimes such as market manipulation and insider trading, and to improve rules for handling disputes in emerging financial fields like digital currency and internet finance [5][6] - The People's Bank of China announced a 14,000 billion yuan reverse repurchase operation to maintain reasonable liquidity in the banking system, with 8,000 billion yuan for 3-month and 6,000 billion yuan for 6-month terms [2][5] - China's foreign trade report for the first half of 2025 showed a total import and export value of 21.79 trillion yuan, a year-on-year increase of 2.9%, with exports reaching 13 trillion yuan, marking a 7.2% growth [6] Market Trends - The broad money supply (M2) in China reached 330.29 trillion yuan at the end of June, growing by 8.3% year-on-year, while the narrow money supply (M1) increased by 4.6% [9] - In the first half of the year, new loans in renminbi increased by 12.92 trillion yuan, with household loans rising by 1.17 trillion yuan and corporate loans increasing by 11.57 trillion yuan [9] Company Dynamics - NIO's sub-brand, Lido, launched the Lido L90 SUV with a starting price of 279,900 yuan, which is expected to lead in the high-end SUV market [15] - Huahong Technology anticipates a net profit of 70 to 85 million yuan for the first half of 2025, representing a year-on-year growth of over 3,000% [11] - State Grid Corporation of China reported that Chongqing's power grid consumed 3.179 billion kWh of renewable energy in the first half of the year, a year-on-year increase of 34.25% [7] - CATL and BYD signed memorandums of understanding with BHP to collaborate on electric mining equipment and battery systems [17]

Core Insights - Qingdao Beer is leveraging technology and innovation to transform its production processes and enhance product offerings, positioning itself as a leader in the global beer market [2][18] - The company has achieved significant milestones, including being recognized as the top brand in the beer industry with a brand value of 280.36 billion yuan and entering the world's top 500 brands [2][11] Industry Overview - China is the largest beer producer and consumer globally, with an estimated production of approximately 35.21 million kiloliters in 2024 [2] - The beer industry in China is showcasing its international competitiveness through quality and brand reputation [2] Technological Advancements - Qingdao Beer has developed a digital ecosystem that enables rapid delivery of fresh beer, achieving a half-hour delivery time across nearly 1,000 stores in 33 cities [3][8] - The company has implemented a flexible production system that allows for on-demand manufacturing based on real-time data, significantly improving efficiency [6][10] Product Innovation - The introduction of fresh beer with a short shelf life of only 7 days has been a game-changer, allowing consumers to enjoy a product previously reserved for brewers [3][8] - Qingdao Beer has increased its production frequency of fresh beer by 100% this year, reflecting a growing consumer demand for fresh products [8][10] Sustainability and Industry Impact - Qingdao Beer has established itself as a "sustainable lighthouse factory," integrating traditional brewing with digital intelligence to enhance production efficiency [5][18] - The company has invested over 2 billion yuan in its smart industrial park, which has a production capacity of 1.2 million kiloliters, driving modernization in the beer industry [12][15] Market Performance - In 2024, Qingdao Beer achieved a total product sales volume of 7.54 million kiloliters, with mid-to-high-end products accounting for 72.7% of sales [11] - The company has successfully led product innovation in the Chinese beer market, introducing high-end products that set industry standards [10][12] Ecosystem Development - Qingdao Beer is fostering an integrated industrial ecosystem by collaborating with over 3,100 enterprises in Shandong province, enhancing the overall efficiency of the food and beverage sector [12][15] - The company is creating a unique beer-themed cultural tourism ecosystem, expanding its business model beyond traditional production [12][15]