2025年上半年，嘉立创实现营业收入46.79 亿元，同比增长25.95%；净利润5.9亿元，同比增长23.5%，业绩增长稳 健。截至报告期末，嘉立创在线自助下单网站注册用户达822.5万，较2024年底新增110.61万；处理订单数量超950 万单，同比增长15.85%。 在硬件创新范式向"小批量、多批次、快迭代"深刻转变，以及制造业与数字化深度交融的产业变局中，嘉立创 2025年上半年的财报，清晰地勾勒出其跨越单一环节、向产业价值链更高维度跃迁的轨迹。 从业务结构来看，印制电路板（PCB）、电子元器件、电子装联（PCBA）三大核心业务在报告期内分别实现收 入18.21亿元、16.96亿元、7.9亿元，同比增幅分别为13.33%、28.38%、49.9%，其中电子装联业务收入占比同比提 升2.73个百分点。 而这背后，是嘉立创的增长动力，已从早期的在线化便利，升级为深度协同、技术赋能与生态构建带来的结构性 驱动力。 据了解，得益于 "客户同源" 的业务特性，PCBA 业务带动PCB业务增收2.1亿元，对PCB收入增长的贡献比例达 31.62%，较2024年度提升6.7个百分点，业务协同性持续加强。同时，嘉立 ...

来源：新华社 编辑：张云帆 转自：新华社 新华社索非亚1月13日电 专访：保中在高科技与绿色产业领域合作潜力巨大——访保加利亚工商会副 会长托多罗夫新华社记者姚雨璘保加利亚工商会副会长瓦西尔·托多罗夫近日在首都索非亚接受新华社 记者专访时表示，保中经贸关系持续向好，双方在高科技与绿色产业领域合作潜力巨大。中国在人工智 能、3D打印、无人机应用等前沿科技领域具有优势，是保加利亚及欧盟的重要合作伙伴。托多罗夫 说，以保加利亚今年加入欧元区为契机，保不仅可以成为中国企业进入欧盟市场的重要门户，更期待推 动双边合作实现结构性升级。保中两国在深化农业等传统领域合作的同时，还可以向高端制造与联合研 发延伸，共同构建更具韧性和深度的长期产业协作关系。他特别提到无人机领域的合作前景。"我在深 圳见过完全由无人机配送外卖的网络。保加利亚可借鉴相关经验，与中国企业共同建立更高效的物流合 作机制。"谈到汽车产业，托多罗夫表示，尽管欧盟约80%的汽车传感器产自保加利亚，但该国目前仍 缺乏整车组装能力。"我们对中国车企完全敞开大门。"他说，"保政府和商界支持中国车企在保投资设 厂。"托多罗夫强调，绿色转型与数字化是当前欧盟战略的核心方 ...

Core Insights - "Digital intelligence" has emerged as a new paradigm in manufacturing, representing a profound transformation in logic and governance structures, moving beyond mere digitization [1][6][17] Group 1: Definition and Distinction - "Digitization" refers to the process of transferring physical processes and data online, addressing the question of "how to do," while "digital intelligence" incorporates algorithms to answer "how to do it better" [3][4] Group 2: Benefits of Digital Intelligence - Cost reduction and efficiency enhancement shift from linear optimization to exponential growth, leveraging algorithmic models for significant improvements [6] - Transition from reactive maintenance to predictive maintenance, utilizing real-time data analysis to forecast equipment failures and optimize production schedules [6][8] - Full lifecycle management extends beyond production to predictive maintenance, reducing repair costs and prolonging equipment lifespan [7] Group 3: Competitive Advantages - Data becomes a new production factor, creating competitive barriers as companies accumulate data and develop algorithmic models, leading to more accurate predictive capabilities [9] Group 4: Technological Evolution - Large model technologies evolve from being mere tools to becoming partners in research, design, process optimization, and decision support [11] - Data governance shifts from isolated data silos to trusted data spaces, ensuring data quality for algorithmic outputs [12] - Ecosystem collaboration moves from independent factories to collaborative networks, fostering innovation across supply chains [13] Group 5: Strategic and Organizational Changes - Companies must update their strategic understanding, recognizing digital intelligence as a comprehensive restructuring process involving organizational flattening and business process reengineering [15] - The transition from traditional IT roles to algorithm engineers and data scientists presents a significant challenge, necessitating cross-departmental data governance [16] - Balancing technology and security is crucial, addressing data safety, intellectual property protection, and ethical concerns arising from algorithms [17]

托多罗夫强调，绿色转型与数字化是当前欧盟战略的核心方向，而中国在这些领域的技术与产业优势明 显。他期待中国电动汽车企业在保加利亚建立生产基地，共同开发面向欧洲乃至全球市场的整车与零部 件。 他认为，光伏是保中另一个重点合作方向。中国在全球光伏市场占据重要份额，且发展太阳能与欧盟倡 导的绿色能源目标高度契合，该领域有望成为双边合作亮点。 托多罗夫称赞中国企业坚持创新驱动的发展模式。"即使已占据一定市场份额，中国企业仍持续投入研 发、推出新产品，这种以创新为本的理念值得保加利亚企业学习。" （文章来源：新华社） 保加利亚工商会副会长瓦西尔·托多罗夫近日在首都索非亚接受新华社记者专访时表示，保中经贸关系 持续向好，双方在高科技与绿色产业领域合作潜力巨大。中国在人工智能、3D打印、无人机应用等前 沿科技领域具有优势，是保加利亚及欧盟的重要合作伙伴。 托多罗夫说，以保加利亚今年加入欧元区为契机，保不仅可以成为中国企业进入欧盟市场的重要门户， 更期待推动双边合作实现结构性升级。保中两国在深化农业等传统领域合作的同时，还可以向高端制造 与联合研发延伸，共同构建更具韧性和深度的长期产业协作关系。 他特别提到无人机领域的合作前 ...

Core Viewpoint - Yuanji Food Group Co., Ltd. has submitted an application for listing on the Hong Kong Stock Exchange, aiming to expand its operations and capitalize on its market position as a leading Chinese fast-food enterprise [1][3]. Group 1: Company Overview - Yuanji Food operates under the brand "Yuanji Cloud Dumpling," focusing on handmade dumplings and wontons, offering both cooked and raw food products [3]. - The company also utilizes its retail brand "Yuanji Weixiang" to expand its business, selling pre-packaged dumplings and wontons through various channels [3]. - As of September 30, 2025, Yuanji Food is the largest Chinese fast-food company by store count, and the largest dumpling and wonton enterprise in China based on GMV in retail and dining sectors [3]. Group 2: Financial Performance - In 2023 and 2024, Yuanji Food achieved revenues of 2.026 billion and 2.561 billion yuan, with gross profits of 525 million and 588 million yuan, and adjusted net profits of 179 million and 180 million yuan respectively [3]. - For the first nine months of 2025, the company reported revenues of 1.982 billion yuan, a year-on-year increase of 10.97%, with gross profits of 490 million yuan, up 11.56%, and adjusted net profits of 192 million yuan, reflecting a growth of 31.25% [3]. Group 3: Store Expansion - From January 1, 2023, to September 30, 2025, the total number of Yuanji Food stores increased from 1,990 to 4,266, covering 32 provinces, autonomous regions, special administrative regions, and municipalities across over 200 cities [3]. Group 4: International Expansion - Yuanji Food opened its first overseas store in Singapore at the end of 2024 and continued to expand internationally in 2025, operating five stores in Singapore by September 30, 2025 [4]. Group 5: Funding and IPO Plans - The company has completed three rounds of financing, raising 30 million yuan in A round in 2023, 150 million yuan in B round in September 2025, and 280 million yuan in B+ round in December 2025, with major investors including Black Ant Capital and others [6]. - The net proceeds from the IPO will primarily be used for digital and intelligent construction, enhancing overseas supply chain development, brand building, product research and development, and supply chain upgrades [6].

格隆汇1月13日丨弘讯科技(603015.SH)在投资者互动平台表示，弘讯科技主营自动化、数字化和新能源 三大业务板块。 1.自动化业务板块产品主要是工业控制系统、伺服驱动系统等解决方案，应用于塑料机 械、金属加工机械及直角坐标机器人等； 2.数字化业务板块产品主要是数据联网服务类，数字工厂解决 方案，可应用于多行业场景； 3.新能源业务板块产品主要是应用于核聚变托卡马克装置等高精度电源， 以及储能系统等。 具体可参照年度报告产品与业务介绍相关章节。 目前产品无直接应用于商业航天领 域。 ...

Core Viewpoint - The article discusses the strategic transformation of Zhijie under the leadership of Zhao Changjiang, emphasizing the integration of Huawei's technology and Chery's manufacturing capabilities to create a pioneering smart electric vehicle brand. Group 1: Strategic Transformation - Zhijie 2.0 is a strategic initiative that involves a significant investment of 10 billion yuan and the establishment of a 5,000-person R&D team to enhance brand positioning and organizational structure [1][12] - The brand aims to leverage Huawei's technological leadership and Chery's manufacturing expertise to create a unique identity in the competitive electric vehicle market [1][13] - Zhao Changjiang emphasizes the need for a complete embrace of Huawei's methodologies in management, culture, and business logic to ensure the brand's success [12][14] Group 2: Market Positioning and Product Strategy - The company plans to target high-income, highly educated consumers while emphasizing the application of cutting-edge smart technology in its products [22][24] - The 2026 product lineup includes a flagship MPV (V9) and a large SUV, with a focus on enhancing user experience through advanced AI capabilities [29][36] - The brand's differentiation lies in its commitment to creating a "pioneering" identity that resonates with consumers seeking innovative technology and design [22][23] Group 3: Operational Efficiency and Supply Chain - The integration of Huawei's digital thinking into the supply chain aims to transform production processes from passive to proactive, enhancing efficiency and quality control [5][26] - The company is restructuring its production and sales coordination to ensure a seamless flow of operations, which is critical for meeting market demands [25][31] - Zhao Changjiang highlights the importance of a collaborative culture between manufacturers and suppliers, moving away from traditional adversarial relationships [7][12] Group 4: Future Outlook and Challenges - The company anticipates that the smart vehicle market will experience significant growth, with a focus on creating user-centric products that exceed current expectations [11][36] - Zhao Changjiang acknowledges the challenges of fully implementing Huawei's capabilities within the brand, estimating current progress at 20-30% [28] - The long-term goal is to achieve annual sales of one million units by 2030, establishing Zhijie as a global leader in the smart electric vehicle sector [38]

Core Insights - Despite facing economic pressures, Thailand's digital economy is expected to provide significant support for growth in 2026 [1] Group 1: Digital Economy Growth - The digital payment market in Thailand is projected to exceed $8.6 billion by 2025, making it one of the fastest-growing markets in Southeast Asia [1] - Approximately 75% of the Thai population has utilized AI tools like ChatGPT, indicating a strong acceptance of technology [1] Group 2: Consumer and Business Trends - The current digital transformation is primarily consumer-driven, necessitating businesses to accelerate their digitalization, cloud computing, and AI strategies to enhance productivity and competitiveness in an uncertain economic environment [1]

Core Viewpoint - China's successful trial of the world's first 35,000-ton heavy-haul train marks a significant breakthrough in global heavy-haul railway freight, transforming China from a follower to a rule-maker in this field [1][27]. Group 1: Technological Breakthrough - The 35,000-ton heavy-haul train can carry the equivalent weight of 500 heavy main battle tanks, utilizing wireless signals for operation instead of mechanical couplings [1][15]. - This innovation resolves a long-standing technical bottleneck that has plagued countries like the United States and Australia, improving the efficiency of coal transportation from the west to the east by over 50% [1][27]. - The train operates with a "virtual coupling" system, which eliminates traditional mechanical connections, allowing for real-time communication and coordination between multiple train units [18][20]. Group 2: Global Context and Challenges - Heavy-haul railways are critical for transporting bulk commodities like coal and grain, with China transporting tens of billions of tons annually [3]. - Traditional heavy-haul systems in the U.S. and Australia have faced significant challenges, including safety issues and high infrastructure costs, due to outdated technologies and operational models [5][9][11]. - The U.S. has experienced a rising number of train derailments, with incidents increasing from 1,095 in 2021 to 1,164 in 2022, highlighting the risks associated with their current heavy-haul practices [7]. Group 3: Economic and Strategic Implications - The successful implementation of the 35,000-ton heavy-haul train provides a robust foundation for China's national strategies like "West-to-East Coal Transport" and "North-to-South Coal Transport" [27]. - The technology offers a low-cost, adaptable solution for global heavy-haul railway upgrades, requiring only the installation of group system equipment on existing locomotives, significantly reducing costs compared to Western methods [27][29]. - Several countries along the "Belt and Road" initiative have expressed interest in adopting this technology, indicating a shift in global railway technology standards towards China [29]. Group 4: Future Prospects - The breakthrough signifies a revolutionary change in global heavy-haul transportation, demonstrating that efficient, safe, and economical heavy-haul transport is achievable [31]. - This development showcases China's advancements in core technologies such as 5G, BeiDou navigation, and artificial intelligence, reinforcing its position as a leader in railway technology innovation [31].

Group 1 - The core viewpoint emphasizes China's ongoing high-level opening-up, which injects momentum into global trade and allows multinational companies to share in the benefits [1] - The CEO of Deutsche Post DHL Group highlights that China's advancements in automation, robotics, and artificial intelligence are significantly impacting the global logistics industry, making China a key player in industry transformation [1] - China is recognized not just as a manufacturing base but as a global innovation center, particularly in industrial automation and smart logistics [1] Group 2 - Deutsche Post DHL Group plans to increase investments and strategic layout in China, particularly in the Guangdong-Hong Kong-Macao Greater Bay Area, enhancing logistics infrastructure and international express network capabilities [2] - The expansion of the DHL Express Shenzhen hub is expected to be operational this year, providing more direct cargo flights to major cities in the Asia-Pacific and globally [2] - The company has established a dedicated China business center at its headquarters in Germany to support Chinese enterprises expanding into Europe, offering local distribution solutions [2] Group 3 - Deutsche Post DHL Group employs over 600,000 people across more than 200 countries and regions, leveraging a comprehensive air, sea, and land transport network [2] - The company's recent "2030 Strategy" focuses on green low-carbon initiatives, digitalization, life sciences, and new energy, aligning closely with China's long-term development goals [2] - The Belt and Road Initiative is seen as a catalyst for global trade cooperation, providing new development opportunities for logistics companies like Deutsche Post DHL Group [2]