025年，尽管面临地缘政治波动与贸易政策变化等多重挑战，美国新股市场依然展现出强劲势头。 绿专资本统计显示，截至当地时间12月31日，全年共371只新股上市，募集资金总额697.64亿美元(不含"绿鞋")，同比分别增长55.23%、81.53%。值得关注的 是，2025年的371只新股中，145只为SPAC IPO，募资总额265.79亿美元，同比分别增长154.39%、321.36%。 新股来源呈现鲜明全球化特征，覆盖全球20个国家和地区。中国企业表现尤为突出，贡献了近四分之一的新股数量，稳居来源地首位;新加坡以7%的占比位 居第二;日本和马来西亚虽各有7家企业上市，但企业上市企业体量相对有限，两国融资总额均未突破1亿美元(日本总融资额7100万美元、马来西亚总融资额 4558万美元)。 纳斯达克交易所凭借其对科技企业的聚焦与制度优势，继续主导新股流向，吸引了80%的新股选择在此上市，募资额占全年总额的67.56%。 注：蓝色为新股数量，橙色为融资额 从募资规模分布看，募资额在1亿至3亿美元之间的新股数量最多，占比达38%;募资不足1000万美元的企业占比23%;而募资超过10亿美元的新股占比3%，反 映出 ...

Core Insights - The article highlights that Zhixingzhe has completed a new round of financing amounting to 400 million RMB, backed by the Huangshi State-owned Capital Investment Group, indicating strong market recognition of its special unmanned driving technology and commercial capabilities [1] - The financing will significantly drive the company's strategic development in core technology research, expansion of high-end product matrix, and the integration of "unmanned driving + intelligent manufacturing" ecosystem [1] Company Overview - Established in 2015, Zhixingzhe focuses on the research and application of special unmanned driving technology, with a core team originating from Tsinghua University's automotive department [1] - The company has accumulated over 1,200 patents, with more than 60% being invention patents, and has participated in the formulation of several national and industry standards [1] Commercialization Progress - Zhixingzhe has successfully applied its unmanned driving technology in various fields such as public safety, life services, and intelligent travel, achieving over 130 million kilometers of commercial operation mileage [3] - Its solutions have been scaled and operated stably in specific scenarios like emergency rescue, cleaning, and urban travel, effectively enhancing operational efficiency and safety [3] Industry Trends - The article notes that the upgrade to unmanned technology is deeply integrating with digitalization and intelligence, driving transformative changes in production and service models across various industries [5] - Zhixingzhe's dual-driven model of "technology platform + scenario-based products" and its proven commercial capabilities are continuously deepening its strategic loop of "technology empowerment, ecosystem co-construction, and value realization" [5] - The completion of this financing will inject critical momentum for accelerating core technology iteration, expanding high-end product matrix, and deepening industrial ecosystem cooperation, further solidifying its leading position in the special unmanned driving sector [5]

（来源：经济日报） 在"家门口"也能做全球生意。数据显示，2025年1至11月，临沂商城举办90场外商进商城活动，4.45万 人次国际客商到临沂采购，同比增长47.85%，达成意向成交额236.7亿元。 "随着临沂商城不断开放、发展，专业市场集群不断壮大，物流周转能力持续增强，临沂市也因此陆续 获得'中国市场名城''中国物流之都'等荣誉称号。"临沂商城管委会副主任曲宗宽介绍，2025年1至11 月，临沂商城坚持"一个扁担挑两头"，推动内外贸一体化发展，实现市场交易额6465.14亿元、物流总 额10119.59亿元，分别同比增长6.3%、8.8%；实现外贸进出口1056.5亿元。 国货出海 模式出新 近年来，临沂商城通过"百团千企·商城出海"行动开拓国际市场，如政企"组团出海"、展会"造船出海"、 商城"品牌出海"等多种方式带领企业商户拓市场。 转自：经济日报 "地球另一端的家乡商人依靠我们考察工厂、找货选品。现如今，我们不光介绍中国商品，还把加纳的 产品卖过来。"提到山东临沂商城，来自加纳的伊曼纽尔·杰里·唐科尔（Emmanuel Jerry Donkor）认为， 这是一座改变他和家乡人的商贸"桥梁"。 数 ...

Core Insights - Guangzhou's Human Resources and Social Security Bureau has released the "Guangzhou Enterprise Urgently Needed Occupation Subsidy Directory (2025)" to support the city's "Manufacturing City" strategy and the construction of the "12218" modern industrial system [1] Group 1: Key Occupations Identified - The directory identifies 84 urgently needed occupations focusing on intelligent, digital, and green development, reflecting a clear path for industrial transformation in Guangzhou [2] - The demand for skilled workers in intelligent manufacturing is the highest, with 47 out of the 84 occupations related to production and manufacturing, indicating a significant need for technical workers capable of operating and maintaining advanced equipment [2] - Emerging digital and green occupations are also highlighted, including roles such as artificial intelligence trainers and automotive parts remanufacturing workers, showcasing the rise of new economic drivers [2] Group 2: Skills Development Focus - The 2025 version of the directory adds 29 new occupations, including 16 in production manufacturing and 13 in modern services, while removing 12 occupations with saturated market demand, optimizing training resource allocation [3] - The total number of skilled workers in Guangzhou has reached 4.22 million, with a target of exceeding 4.6 million by 2027, aiming for 40% to be high-skilled [3] - The directory serves as a "guiding signal" for skill training, encouraging collaboration between educational institutions and enterprises to address talent shortages [3] Group 3: Policy Incentives - The directory links to tangible policy incentives, allowing for a 30% increase in training subsidies for workers obtaining high-level vocational skill certificates in listed occupations [3] - Companies engaging in new apprenticeship training can also benefit from corresponding support policies, enhancing the overall training ecosystem [3] Group 4: Future Directions - The Human Resources and Social Security Bureau plans to create a dynamic monitoring ecosystem for industrial skill talent, aiming to develop a demand-driven talent cultivation and evaluation system to support high-quality development in Guangzhou [4]

摘要 AI 产品设计和工具运用潜力巨大，早期项目估值在三年内增长 10 倍， 智谱和 Minimax 上市在即，IPO 市值预计超 500 亿港币，反映市场对 AI 公司的高度认可。 国内 AI 公司通过赞助大型晚会等方式提高品牌知名度，预计春节前后将 有更多模型发布。2026 年，各大公司将围绕降低 AI 使用门槛展开激烈 竞争，争夺新的流量入口。 未来 AI 应用发展关键在于对 AI 应用及模型定价的影响，以及 2026 年 各大公司在入口及应用上的竞争。商业化边际变化，如营收、ARR 和 EPS 边际，是核心判断指标。 C 端有效变现是大厂战略布局重点，阿里巴巴等将在流量入口争夺战中 发挥重要作用，布局涵盖电商广告、医疗金融等场景。垂直应用场景逐 步进入商业兑现期，探索数字化与规则化结合构建系统。 AI 技术正改变多模态创作、客服、电商贸易和招聘等垂直行业。可根据 容错率和任务复杂度划分应用场景，从容错率高、任务复杂度低的场景 扩展到税务和金融等复杂领域。 AI 应用正当时：看好 2026 年 AI 应用进展 20260106 Q&A 当前 AI 应用市场有哪些显著变化和投资机会？ 目前 AI 应用市场 ...

安徽合力 20260106 中国叉车行业经历了几个重要发展阶段。从 2000 年至 2006 年，该行业增长 迅速，但市场规模有限，以中高端内燃车型为主。金融危机后，大量外资品牌、 联营公司和民营资本涌入，使得市场规模迅速扩大，但竞争也变得更加激烈， 中小民营企业占据了一定份额。这一时期主要以低端车型为主，同时物流行业 爆发式增长，小型车辆需求增加。然而，自 2020 年以来，随着锂电化、国际 化等新趋势出现，以及市场格局重新稳固，整个行业毛利率回升至 20%左右。 从增速来看，中国叉车行业经历过几轮小周期波动，高峰期分别出现在 2010、2013、2017 和 2021 年。这些波动与宏观经济周期密切相关，总体 呈现出需求随宏观经济扩张而持续增长的态势。 摘要 安徽合力通过无人化叉车研发和应用，以及为 SpaceX 供应零部件，展 现了其科技创新能力和平台化优势，为公司带来新的增长点，并提升了 国际市场影响力。 中国叉车行业经历了快速增长、竞争加剧和格局重塑等阶段，目前正受 益于锂电化、国际化等新趋势，行业毛利率回升，需求与宏观经济周期 密切相关。 自 2020 年以来，安徽合力受益于国企改革和稳定的业绩兑 ...

Core Viewpoint - The article highlights the contributions of Luo Yibin, Chairman of Nanjing Lianchuang Digital Technology Co., Ltd., in the fields of artificial intelligence and digitalization, emphasizing his role in promoting high-quality development and innovation in the Gulu District [1] Group 1: Contributions to Industry Innovation - Luo Yibin integrates professional expertise with practical responsibilities, focusing on industrial innovation and the transformation of research achievements [1] - He has authored several high-quality proposals and research reports, including "Promoting the Transformation of University Research Achievements and Deep Integration with Capital" and "Building a New Integrated Industrial Ecosystem in Gulu Driven by Scenarios" [1] - The proposed integrated development path centers on demand insight, scenario co-creation, ecological investment attraction, and capital connectivity, providing forward-looking and pragmatic decision-making references for regional productivity cultivation and innovation ecosystem optimization [1] Group 2: Engagement in Policy and Governance - Luo actively participates in political consultation and discussions, showcasing the wisdom and social responsibility of the new era's political advisors [1] - His involvement in the Chinese People's Political Consultative Conference (CPPCC) reflects a commitment to serving the central agenda and contributing to societal development [1]

证券日报网讯1月6日，能科科技（603859）在互动平台回答投资者提问时表示，公司主要为客户提供覆 盖产品研发、制造、运行维护等环节的工业软件产品和AIAgent产品，服务内容包括方案论证、产品定 义与分解、架构设计、详细设计到生产制造、产品测试及验证、运行维护的全流程数字化。随着商业航 天产业的发展，公司聚焦客户在研发协同、生产提效、运维优化等环节数字化需求，以市场需求为导向 持续迭代技术与产品，不断提升产品价值。能科科技专注于高端装备制造业，航空航天领域是公司战略 布局的重点细分领域之一。公司设有航空航天事业部和技术支持团队，未来将持续加大产品研发和市场 投入力度，推动产品在更多核心场景的落地与深度应用。 ...

Group 1 - The core idea of the article highlights the emergence of a new generation in Yiwu, who are not just inheritors of their parents' businesses but are actively seeking innovation and change in the global market [1] - This new generation is leveraging AI tools and integrating offline experiences with online marketing strategies to enhance their business models [1] - They are focused on creating high-quality, aesthetically pleasing products that resonate with consumers worldwide, thereby contributing to the globalization of Chinese goods [1] Group 2 - The young entrepreneurs in Yiwu are incorporating cultural elements into their designs and developing original intellectual properties (IPs) [1] - There is a strong emphasis on the significance of their exports, which are seen as improving the quality of life for consumers in various regions, including Africa [7] - The article suggests that while Yiwu's small commodities are recognized globally, there is a need for a more systematic approach to branding these products [9]

全球基础设施建设模式正经历根本性转变，传统"大拆大建"的粗放式发展逐步让位于"精准化、可持续"的 精细化运营。 这一变革直接推动挖掘机行业从单一土方作业工具，向"智能施工系统核心执行单元"的角色进化。 行业底层逻辑重构： 从"工具属性"到"系统价值"的跃迁 全球基础设施建设模式正经历根本性转变，传统"大拆大建"的粗放式发展逐步让位于"精准化、可持续"的 精细化运营。这一变革直接推动挖掘机行业从单一土方作业工具，向"智能施工系统核心执行单元"的角色进 化。 行业价值创造逻辑已发生质变：客户不再仅关注设备本身的性能参数，而是更重视其能否通过智能化、电 动化技术，实现施工效率提升、运营成本降低及碳排放减少的综合价值。 这种转变源于三大核心驱动力：一是全球劳动力成本上升与熟练机手短缺，倒逼企业通过自动化技术降低 对人力的依赖;二是施工场景复杂度提升，矿山、隧道、城市地下空间开发等场景对设备安全性、环境适应性 提出更高要求;三是全球碳中和目标下，高排放老旧设备加速淘汰，新能源机型成为市场新增长极。 未来五 年，具备"智能决策+绿色动力+全生命周期服务"能力的企业，将主导行业价值分配 。 技术革命 电动化、智能化与数字化 ...