在刚刚过去的2025年末，港交所迎来了"Physical AI 第一股"。 51WORLD鸣锣上市，当前市值突破230亿港元。 但在敲钟的喧嚣之外，我们更想探究的是： 究竟是什么样的人，能把一个听起来近乎科幻甚至疯狂的"克隆地球"愿景，一步步变成了商业现实？ 《善友探索流》本期播客将于1月15日上线，我们邀请 了五一视界（51WORLD）创始人兼CEO、混沌学园五期同学李熠。 欢迎大家到小宇宙平台订阅收听。 这不仅仅是一次商业复盘，更是一次关于"长期主义"的极致样本观察。 简单到极致的"异类" 在这个追逐风口的时代，李熠像是一个"异类"。 看他的履历，简单得令人发指，也专注得令人恐惧： 他没有被巨大的愿景压垮，反而通过记录生命中那些转瞬即逝、怦然心动的时刻，找到了一条通往"地球克隆"的务实路径。 当大多数创业者在用"归纳法"总结过去、追逐热点时，李熠是极少数坚持用"演绎法"思考的人。 一款《星际争霸》游戏，他打了26年； 人生第一份工作，他一干就是十余年； 第一次出来创业，就做到了上市。 他把自己置身于2030年的终局，站在未来看现在。从最早的VR看房，到如今的数字孪生，他做的每一件事，都是为了兑现那个横跨2 ...

Core Viewpoint - Shandong province has successfully entered the 10 trillion yuan economic club in 2025, with Jining city exemplifying innovative transformation from a resource-based economy to a high-quality development model [1] Group 1: Economic Development - Jining port achieved a cargo throughput of 116 million tons in 2025, marking a 19.6% year-on-year increase, becoming the first inland port in northern China to reach this milestone [2] - The city has established 360 kilometers of high-grade waterways, accounting for 58% of the province's inland waterways, and 103 berths for vessels over 1,000 tons, representing 68% of the province's total [3] - Jining's industrial economy saw a year-on-year growth of 7.8% from January to November 2025, with the manufacturing sector growing by 10.2%, contributing to 61% of the industrial output [9] Group 2: Infrastructure and Logistics - Jining is developing a multi-modal transport system with a focus on high-grade waterways and dedicated railway lines, enhancing its position as a northern inland shipping hub [3] - The city is implementing a "front port - middle production - back garden" model, establishing seven major logistics parks to integrate port operations with local industries [4] - Jining's logistics network now covers 20 provinces, 152 cities, and extends to 19 countries, marking a significant leap in its port and shipping capabilities [5] Group 3: Industrial Transformation - Jining is focusing on a "number one project" in industrial economy, emphasizing the importance of the manufacturing sector and green, low-carbon development [6] - The city has initiated a three-year action plan for technological upgrades, with 251 projects included in the provincial key directory, maintaining the highest number in the province for four consecutive years [8] - New energy projects and smart manufacturing initiatives are being developed, including a significant investment in industrial robots and low-altitude economy sectors [8] Group 4: Cultural and Tourism Development - Jining is transforming its cultural tourism sector, with the launch of immersive experiences that attract significant visitor numbers, such as the "Ru Water Source" night show [10][11] - The city aims to build a "world cultural tourism city," leveraging its rich cultural heritage to drive high-quality development [11] - Jining's tourism service system is being enhanced to improve the overall quality of visitor experiences, with expectations of receiving over 100 million domestic tourists in 2025 [13]

南网数字所属申万行业为：计算机-IT服务Ⅱ-IT服务Ⅲ。所属概念板块包括：近端次新、数字孪生、操 作系统、AI模型、华为鸿蒙等。 截至11月18日，南网数字股东户数20.17万，较上期增加1440400.00%；人均流通股1165股，较上期增加 0.00%。2025年1月-9月，南网数字实现营业收入27.79亿元，同比增长31.88%；归母净利润1.58亿元，同 比增长464.76%。 1月14日，南网数字盘中下跌2.01%，截至13:08，报22.42元/股，成交9.09亿元，换手率16.99%，总市值 712.88亿元。 资金流向方面，主力资金净流出5969.46万元，特大单买入3638.37万元，占比4.00%，卖出7676.12万 元，占比8.44%；大单买入2.17亿元，占比23.88%，卖出2.36亿元，占比26.01%。 南网数字今年以来股价涨19.19%，近5个交易日涨10.88%，近20日涨9.47%。 资料显示，南方电网数字电网研究院股份有限公司位于广东省广州市黄埔区光谱中路11-1号，成立日期 2017年3月31日，上市日期2025年11月18日，公司主营业务涉及公司主营业务按照业务类别 ...

截至9月30日，盈趣科技股东户数5.53万，较上期增加69.27%；人均流通股13305股，较上期减少 40.92%。2025年1月-9月，盈趣科技实现营业收入28.82亿元，同比增长13.51%；归母净利润1.78亿元， 同比增长3.52%。 分红方面，盈趣科技A股上市后累计派现38.12亿元。近三年，累计派现12.97亿元。 机构持仓方面，截止2025年9月30日，盈趣科技十大流通股东中，香港中央结算有限公司位居第八大流 通股东，持股504.33万股，相比上期增加97.99万股。 1月14日，盈趣科技盘中下跌2.01%，截至13:07，报21.00元/股，成交5.71亿元，换手率3.64%，总市值 163.26亿元。 资金流向方面，主力资金净流出6476.59万元，特大单买入1355.61万元，占比2.37%，卖出3825.72万 元，占比6.70%；大单买入1.05亿元，占比18.43%，卖出1.45亿元，占比25.44%。 盈趣科技今年以来股价涨23.97%，近5个交易日涨5.42%，近20日涨16.80%，近60日涨10.58%。 资料显示，厦门盈趣科技股份有限公司位于福建省厦门市海沧区东孚西路10 ...

1月14日，德林海盘中下跌2.03%，截至13:15，报23.21元/股，成交1582.44万元，换手率0.60%，总市值 26.23亿元。 资金流向方面，主力资金净流入74.20万元，大单买入187.42万元，占比11.84%，卖出113.22万元，占比 7.15%。 德林海所属申万行业为：环保-环境治理-水务及水治理。所属概念板块包括：人工智能、小盘、数字孪 生、融资融券、污水处理等。 截至9月30日，德林海股东户数3529.00，较上期增加4.56%；人均流通股32020股，较上期减少4.36%。 2025年1月-9月，德林海实现营业收入2.93亿元，同比减少2.39%；归母净利润4564.19万元，同比增长 61.87%。 责任编辑：小浪快报 德林海今年以来股价涨3.48%，近5个交易日涨0.65%，近20日涨7.65%，近60日涨4.41%。 资料显示，无锡德林海环保科技股份有限公司位于江苏省无锡市滨湖区康乐路9号，成立日期2009年12 月10日，上市日期2020年7月22日，公司主营业务涉及以湖库蓝藻水华灾害应急处置以及蓝藻水华的预 防和控制为重点的蓝藻治理业务。主营业务收入构成为：技术装备集成 ...

天亿马（301178.SZ）1月14日在投资者互动平台表示，公司数字孪生技术主要围绕实景三维、BIM、 CIM等多源数据融合的数字孪生场景展开。公司也正在持续探索相关技术在复杂场景下的落地，紧跟行 业发展动态。 （记者 王晓波） 每经AI快讯，有投资者在投资者互动平台提问：近期西门子与英伟达合作的数字孪生工厂，在规模化 应用中可实现生产效率提升40%，让真实的物理世界更高效运转，更让大家看到了实现终极"物理AI"的 曙光。请问贵公司的数字孪生技术可用于实现物理AI吗？目前公司的数字孪生已经应用于哪些物理AI 涉及的智能制造及无人服务终端领域？ ...

Group 1 - The core initiative "Ning Gong Pin Tui" aims to help local industrial enterprises expand their market and find orders through supply-demand matching activities [1][2] - The city plans to hold 150 supply-demand matching events by 2025, serving over 4,000 enterprises, including significant activities focused on high-quality development in the food industry [1][2] - The establishment of 50 "Ning Gong Pin Tui" live streaming studios is underway, with the goal of promoting over 30 local enterprises and driving sales of more than 100 quality products by 2026 [2] Group 2 - The "Nanjing Smart Food Network" is being developed to transform the regional food industry towards a technology-driven model, integrating various advanced technologies for a comprehensive digital ecosystem [3] - The network will provide a one-stop service for enterprises, covering everything from transformation planning to brand marketing, thereby promoting high-end, intelligent, and green development in the food industry [3] - The Nanjing Urban Food Industry Park, covering an area of 5.5 square kilometers, is positioned as a key development hub for food research, manufacturing, and cultural tourism [4] Group 3 - The event served as a platform for over 200 representatives from government, academia, and food enterprises to deepen cooperation and promote investment opportunities in the Nanjing Urban Food Industry Park [2][4] - The "Ning Gong Pin Tui" brand is expected to enhance its recognition and influence through the appointment of "Ning Gong Pin Tui" ambassadors who will promote local products [2] - Continuous efforts will be made to strengthen the "Ning Gong Pin Tui" brand, focusing on market expansion and order acquisition through regular online and offline supply-demand matching activities [4]

1月14日，思特奇盘中上涨2.00%，截至10:01，报12.75元/股，成交5041.11万元，换手率1.38%，总市值 42.23亿元。 资金流向方面，主力资金净流入172.06万元，大单买入941.41万元，占比18.67%，卖出769.35万元，占 比15.26%。 截至9月30日，思特奇股东户数2.91万，较上期增加1.14%；人均流通股9896股，较上期减少1.12%。 2025年1月-9月，思特奇实现营业收入2.40亿元，同比减少25.48%；归母净利润-1.77亿元，同比减少 14.12%。 责任编辑：小浪快报 分红方面，思特奇A股上市后累计派现1.21亿元。近三年，累计派现592.29万元。 资料显示，北京思特奇信息技术股份有限公司位于北京市海淀区中关村南大街6号14层，成立日期1995 年12月25日，上市日期2017年2月13日，公司主营业务涉及为中国移动、中国联通、中国电信和广电网 络（维权）等电信运营商提供客户关系管理、大数据、计费、移动互联网和业务保障等核心业务系统的 全面解决方案,包括系统咨询、规划和产品的开发、升级、服务;提供公有云和大数据的服务和运营,以及 公有云和大数据体系 ...

3. 解决方案与实施 第五部分：案例分析与行业趋势 基于分析结果，制定并实施了多层次解决方案： 我们将通过一个具体案例来剖析注塑项目的常见挑战与解决方案，并展望行业的未来发展趋势。 典型案例分析 - 汽车内饰件翘曲变形 1. 项目背景与问题 4. 成果与启示 2. 根本原因分析（RCA） 团队使用5Why分析和Moldflow模流分析进行诊断： 注塑行业发展趋势 1. 智能化与数字化 (Industry 4.0) 2. 绿色与可持续发展 产品：汽车门板装饰条（长条形，外观件，材料：ABS） 问题：T1试模后，产品发生严重翘曲变形，无法与门板贴合，平面度超差0.8mm（要求≤0.5mm）。 Moldflow分析结果显示： 冷却不均：模具冷却水路布局不合理，导致产品两侧冷却速率差异大，是翘曲的主因（贡献度60%）。 收缩不均：浇口位置单一，导致分子取向和收缩各向异性（贡献度30%）。 保压不足：保压压力和时间不足，无法有效补偿收缩（贡献度10%）。 成果：经过优化后，产品平面度稳定在0.3mm以内，完全满足要求，项目得以顺利量产。 启示： 前端分析的重要性：如果能在模具设计阶段就进行Moldflow分析，可完全避 ...

Core Insights - The NRF Retail Expo held from January 11 to 13 in New York focused on the transformation and new opportunities in the retail industry driven by AI, highlighting Google's Gemini AI and Walmart's shopping agent program as new hotspots for AI application in retail [1] Group 1: NexShelf Product Overview - HanShuo Technology unveiled its next-generation smart shelf solution, NexShelf, which aims to address high costs, unstable accuracy, complex deployment, and limited data dimensions in traditional shelf management [2] - NexShelf integrates "Nebular Ultra electronic price tags" and "N5 AI smart cameras" to create a centimeter-level spatial perception network, revolutionizing the paradigm from "product recognition" to "perception of spatial status" [2] - The AI engine embedded in NexShelf can analyze shelf data in real-time, converting issues like stockouts and display discrepancies into actionable work orders for frontline staff, significantly enhancing operational efficiency [2] Group 2: Business Impact and ROI - The solution targets core industry pain points, such as shelf execution deviations and stockouts, which lead to annual sales losses of 4-7%. By ensuring 100% execution of display strategies and achieving over 95% accurate stockout identification, NexShelf can help clients improve gross margins and sales [3] - A clear investment return model will not only strengthen HanShuo Technology's value proposition to clients but also serve as a tool to break through homogeneous competition and accelerate global expansion [3] Group 3: Digital Twin Strategy - HanShuo Technology believes that the key to achieving truly intelligent retail lies in constructing a high-fidelity "digital twin" of the entire store, with NexShelf serving as the core foundation for future digital twin stores [4] - The integration of smart hardware terminals and cloud-based SaaS services will create a real-time, high-fidelity core data layer, forming an open empowerment platform for seamless collaboration among smart shopping carts, warehouse robots, supply chain systems, and customer interaction platforms [4] - The CEO of HanShuo Technology emphasized that the launch of NexShelf at NRF represents the company's precise grasp and timely response to the future evolution of retail, providing not just visibility but also insights and agile action capabilities [4] Group 4: Evolution of Business Model - The "digital twin" model aims to eliminate decision-making delays caused by data silos in traditional operations, establishing a "store digital twin" platform based on real-time shelf data, thus opening a boundaryless market centered on data flow and intelligent decision-making [5] - According to a report by CITIC Securities, the company's growth ceiling will further expand as its revenue shifts from reliance on ESL (electronic price tag systems) to becoming a comprehensive solution provider for AI transformation in offline retail scenarios [5] - This strategic shift marks a fundamental evolution in HanShuo Technology's business model, transitioning its growth logic from linear hardware growth to AI-driven, ecosystem-integrated exponential growth through a digital twin intelligent platform [5]