Core Insights - The investment logic in the controlled nuclear fusion industry is shifting from a distant "ultimate energy" narrative to a trend driven by engineering implementation [1] - The core driving force comes from explosive demand expectations and technological breakthroughs on the supply side [1] Demand and Supply Dynamics - The rapid development of artificial intelligence and big data industries is increasingly highlighting the long-term power supply gap [1] - High-temperature superconductors and AI technology significantly reduce the construction costs of fusion devices and accelerate the iteration speed of these devices [1] Capital Expenditure and Market Opportunities - The combined effect of these advancements is leading to substantial capital expenditures for the construction of experimental and demonstration reactors [1] - Upstream material and midstream equipment companies are expected to benefit from a surge in confirmed orders [1] Strategic Recommendations - Companies providing core materials, key equipment, and systems for experimental and demonstration reactors will be the first to benefit and continue to gain from the significant growth dividends as the industry evolves from 0 to 1 [1] - It is recommended to invest in core suppliers of fusion devices across various regions and focus on key segments with a high value proportion in fusion devices [1]

Core Viewpoint - The successful IPO approval of Shenzhen Dapuwi Electronics Co., Ltd. marks the first unprofitable company to be accepted for listing on the ChiNext board, highlighting the market's growing acceptance of high-quality unprofitable tech firms [1][3]. Group 1: Company Overview - Dapuwi, established in 2016, has become one of the few domestic semiconductor storage product providers capable of mass production, focusing on enterprise-level SSDs for data centers [1][2]. - The company has developed a complete product matrix covering PCIe 3.0 to 5.0, catering to diverse needs across various industries such as internet, cloud computing, finance, and energy [1]. Group 2: Market Position and Performance - Dapuwi's cumulative shipment of enterprise-level SSDs has surpassed 4,900 PB, with over 75% of products featuring self-developed controller chips, indicating strong market recognition for domestic storage products [2]. - The company has maintained a leading market share in the domestic enterprise-level SSD sector, despite over 90% of the global market being dominated by international brands like Samsung and SK Hynix [2]. Group 3: Future Prospects and Funding - Dapuwi plans to raise 1.878 billion yuan for R&D and industrialization of next-generation controller chips and enterprise-level SSDs, as well as for building a mass production testing base [3]. - The enterprise-level SSD market is expected to experience a compound annual growth rate of 24.75% from 2022 to 2027 in China, providing Dapuwi with significant growth opportunities [3]. Group 4: Strategic Importance - The approval of Dapuwi's IPO is seen as a significant step towards enhancing national data security and supply chain resilience through domestic production of critical information infrastructure components [4]. - The company has established a strong customer base, including major internet firms and server manufacturers, and has passed tests from leading global AI companies, laying the groundwork for international expansion [4].

企业名称天津积煜信息科技有限公司法定代表人陈珊注册资本200万人民币国标行业信息传输、软件和 信息技术服务业>软件和信息技术服务业>软件开发地址天津市武清区王庆坨镇同旺路2号104室-8企业类 型有限责任公司(法人独资)营业期限2025-12-25至无固定期限登记机关天津市武清区市场监督管理局 来源：市场资讯 天眼查显示，近日，天津积煜信息科技有限公司成立，法定代表人为陈珊，注册资本200万人民币，由 上海积煜信息科技有限公司全资持股。 序号股东名称持股比例1上海积煜信息科技有限公司100% 经营范围含信息技术咨询服务；技术服务、技术开发、技术咨询、技术交流、技术转让、技术推广；网 络与信息安全软件开发；信息系统运行维护服务；信息系统集成服务；信息咨询服务（不含许可类信息 咨询服务）；人力资源服务（不含职业中介活动、劳务派遣服务）；劳务服务（不含劳务派遣）；人工 智能公共服务平台技术咨询服务；大数据服务；软件开发；互联网数据服务；物联网技术服务；咨询策 划服务；信息安全设备销售；广告设计、代理；广告发布；广告制作；品牌管理；组织文化艺术交流活 动；网络设备销售；软件销售。（除依法须经批准的项目外，凭营业执照依 ...

Group 1 - The core viewpoint of the article highlights the rapid growth of the digital economy in China, with a 10% year-on-year increase in sales revenue for core digital economy industries in the first eleven months of the year, significantly outpacing the overall growth rate of enterprises nationwide [1] - Sales revenue in the smart manufacturing sector, including intelligent equipment manufacturing and electronic components manufacturing, increased by 28.2% and 10.9% year-on-year, respectively [1] - The digital technology application sector, driven by AI models, big data, and IoT, saw a year-on-year sales revenue growth of 14.3%, with internet-related services and information technology services growing by 16.1% and 15.2%, respectively [1]

企业名称深圳市问渡未来科技有限公司法定代表人羊涵注册资本913.68万人民币国标行业信息传输、软 件和信息技术服务业>软件和信息技术服务业>软件开发地址深圳市南山区粤海街道滨海社区高新南十 道81、83、85号深圳市软件产业基地1栋A701C企业类型有限责任公司营业期限2025-12-25至无固定期 限 天眼查显示，近日，深圳市问渡未来科技有限公司成立，法定代表人为羊涵，注册资本913.68万人民 币，九寰控股（深圳）有限公司、待君人才服务集团有限公司持股。 来源：市场资讯 序号股东名称持股比例1九寰控股（深圳）有限公司78.1193%2待君人才服务集团有限公司21.8807% 经营范围含一般经营项目是：人工智能应用软件开发；人工智能通用应用系统；人工智能行业应用系统 集成服务；人工智能公共数据平台；人工智能基础资源与技术平台；人工智能公共服务平台技术咨询服 务；数据处理服务；数字文化创意软件开发；智能机器人的研发；服务消费机器人制造；服务消费机器 人销售；软件开发；网络与信息安全软件开发；云计算装备技术服务；大数据服务；互联网数据服务； 信息系统集成服务；计算机系统服务；公共资源交易平台运行技术服务；技术服 ...

牢记嘱托，方能不负使命。江苏水文人围绕中心、服务大局，在能力提升、科学管理、创新发展方面下 功夫，推动行业现代化蝶变。支撑水灾害防御更加精准，聚焦长江、太湖、淮河等重点水域，持续优化 站网布局，创新应用雷达测雨、无人机巡测等技术，着力提升极端天气和突发水事件监测预警能力，在 历年防汛抗旱防台工作中为精准调度、守护人民群众生命财产安全赢得主动。支撑水资源管理更加扎 实，依托严密精准的监测网络与数据分析，有力支撑全省实现国家最严格水资源管理制度考核"十二连 优"，为水资源优化配置、地下水保护与现代水网建设奠定坚实基础。守护水生态管护更加有力，通过 全天候、立体化监控预警，为太湖实现连续18年安全度夏提供数据支撑，水质水生态监测能力持续提 升，助力幸福河湖建设与水生态修复。行业发展根基更加坚实，站网体系日趋完善，自动化智能化水平 稳步提高，防汛抗旱预警调度智慧决策系统建成应用，水文精细化管理全国领先，人才队伍建设和科技 创新成果丰硕，为水文现代化建设注入持续动能。 (作者系江苏省年轻干部政治教育研究中心、省委党校第56期县处级干部进修班学员，江苏省水文水资 源勘测局党委书记、局长) 本报记者陈明慧整理 □ 刘沂轩 ...

Core Insights - The postal industry has achieved significant advancements in green packaging and carbon reduction during the "14th Five-Year Plan" period, with electronic waybills and circular transfer bags reaching near full coverage [1][2] - The industry has implemented various technologies and practices to enhance packaging standardization, reduce material usage, and promote recycling, leading to a notable decrease in packaging waste [1][2] Group 1: Packaging Innovations - The packaging standardization rate has reached 86%, with a reduction of over 50% in the number of layers of packaging boxes and thickness of packaging bags [1] - The width of tape used has been reduced by 25%, and intelligent packing algorithms have decreased material consumption by nearly 20% [1] - The proportion of circular packaging used in same-city express delivery has reached 10%, with over 800 million recycled paper boxes annually [1] Group 2: Carbon Reduction Strategies - The postal industry is focusing on carbon reduction through technological innovation, optimizing operational models, and implementing green management across four key logistics nodes: collection, transfer, transportation, and delivery [2] - In the collection phase, carbon reduction is achieved through source reduction and green alternatives; in the transfer phase, energy structure optimization is facilitated by green intelligent facilities [2] - The transportation phase utilizes a dual approach of "new energy + multimodal transport" to enhance low-carbon efficiency, while the delivery phase leverages unmanned technology and intelligent algorithms to further reduce carbon emissions [2] Group 3: Future Directions - The industry plans to deepen technological innovation by utilizing big data, blockchain, and smart technologies to enhance collaboration in logistics infrastructure and service networks, aiming for comprehensive carbon footprint management [2] - There is a commitment to promoting integrated carbon reduction through green buildings, smart devices, automated sorting, photovoltaic power generation, new energy vehicles, low-altitude delivery, and green packaging [2] - The National Postal Administration emphasizes the need for systematic thinking and problem-oriented approaches to drive collaborative governance across the supply chain and enhance public awareness of packaging governance achievements [2]

企业名称江西浩海星晖数据技术有限公司法定代表人齐亚魁注册资本1000万人民币国标行业信息传输、 软件和信息技术服务业>互联网和相关服务>互联网信息服务地址江西省上饶市信州区茅家岭街道工业 大道206号(现上饶呼叫城运营中心)3号楼18楼 BCD 区企业类型其他有限责任公司营业期限2025-12-25至 无固定期限登记机关上饶市市场监督管理局 来源：市场资讯 序号股东名称持股比例1北京君达德众科技有限公司40%2杭州好卿数据技术有限公司30%3上海誉好数 据技术有限公司30% 经营范围含许可项目：第二类增值电信业务，食品销售（依法须经批准的项目，经相关部门批准后在许 可有效期内方可开展经营活动，具体经营项目和许可期限以相关部门批准文件或许可证件为准）互联网 数据服务，数据处理服务，数据处理和存储支持服务，技术服务、技术开发、技术咨询、技术交流、技 术转让、技术推广，机动车修理和维护，代驾服务，小微型客车租赁经营服务，网络与信息安全软件开 发，5G通信技术服务，大数据服务，信息咨询服务（不含许可类信息咨询服务），信息系统运行维护 服务，信息系统集成服务，数字内容制作服务（不含出版发行），软件开发，软件外包服务，软 ...

Core Insights - The 2026 Wuhan Digital Twin Industry Supply Chain Exhibition will take place from September 22 to 24, 2026, at the Wuhan International Expo Center, focusing on the application of digital twin technology in supply chains and smart manufacturing [3][4] - Digital twin technology is seen as a transformative force in various industries, enabling real-time interaction, simulation, and predictive capabilities, thus reshaping the underlying logic of numerous sectors [3][4] - The exhibition aims to provide a comprehensive presentation of digital twin technology, including platforms, software, models, and services, facilitating full lifecycle management from design to operation [4][6] Digital Twin Technology - Digital twin technology is not an isolated concept; its integration with smart manufacturing and the industrial internet is crucial for enhancing productivity [6][9] - The exhibition will showcase complete blueprints of smart factories, smooth operations of smart production lines, and advanced smart devices, highlighting the importance of data flow and intelligent analysis in breaking down information silos [6][7] Data and AI Integration - The event will feature advancements in IoT technology and devices, as well as powerful data processing and visualization capabilities, indicating that future industrial competition will hinge on data collection and insight capabilities [7][9] - Cloud computing and artificial intelligence will be pivotal in supporting the computational and intelligent decision-making needs of digital twin applications, showcasing their role in predictive maintenance, smart scheduling, quality inspection, and energy optimization [7][9] Future Implications - Digital twin technology represents a new paradigm that blurs the lines between the physical and digital worlds, allowing for experimentation and iteration in virtual spaces to achieve efficiency and effectiveness in reality [9][10] - The exhibition is positioned as an essential learning opportunity for decision-makers, engineers, researchers, and supply chain managers, providing insights into smart manufacturing and supply chain optimization in the digital economy era [9][10]

Core Viewpoint - The company Baina Qiancheng (300291) announced plans to acquire 100% of Zhonglian Century through a combination of share issuance and cash payment, which is expected to constitute a significant asset restructuring. The company's stock will resume trading on December 26 [1][3]. Group 1: Acquisition Details - The acquisition involves purchasing 64.15% of Zhonglian Century's shares from specific parties, and indirectly acquiring an additional 35.86% through other transactions [3]. - The transaction will involve up to 35 specific investors participating in the fundraising for the acquisition [2]. Group 2: Company Background and Performance - Zhonglian Century, established in 2013, focuses on AI-driven digital marketing solutions and has served over 3,000 clients across various industries [3]. - Baina Qiancheng has experienced a significant decline in performance, with a 73.43% year-on-year drop in revenue for the first three quarters of 2025, amounting to 177 million yuan, and a net loss of 67.54 million yuan [5]. - The company's marketing business has become its primary revenue source, contributing 66.7% of total revenue in the first half of 2025, although it faced a 6.53% decline year-on-year [6]. Group 3: Strategic Implications - The acquisition is seen as a strategic shift for Baina Qiancheng towards the AI and digital marketing sectors, aiming to enhance its competitive edge and diversify its business [6][7]. - The integration of Zhonglian Century's capabilities is expected to be a focal point for future growth, with market attention on how the two companies will collaborate effectively [7].