萤石网络 20250710 摘要 银石网络在智能入户领域的发展情况如何？ 智能入户领域方面，从去年（2024 年）开始，公司对这一块业务充满信心。 尤其是 Y3,000 人脸锁和视频锁系列推出后，在研发、用户体验反馈等方面表 现出色。与德施曼凯迪仕等传统锁具品牌相比，银石网络在视频视觉能力、自 研算法及成本优化上具有明显优势，这使得公司的产品创新性价比领先于其他 竞争对手。 此外，这两年智能锁品牌认知度显著提升，公司市占率不断上升。 因此，对于智能入户业务的发展前景，公司充满信心，并认为能够持续保持领 先地位。 今年（2025 年）公司对智能锁产品进行了哪些创新和升级？ 公司预计 2025 年 SHC 业务保持稳健增长，尽管专业客户渠道有所收缩， 但 4G 电池相机等细分市场表现突出，创新产品如带屏视频通话摄像机 和宠物喷雾相机也具增长潜力，海外市场需求差异大，但新机会点不断 涌现。 银石网络在智能入户领域，特别是 Y3,000 人脸锁和视频锁系列，凭借 视频视觉能力、自研算法及成本优化，与传统品牌相比具有竞争优势， 市场占有率不断提升，对智能入户业务发展前景充满信心。 2025 年，银石网络推出搭载南海大模 ...

责任编辑：刘万里 SF014 新浪科技讯 6月30日下午消息，近日，滴滴出行宣布与亚朵集团达成深度合作，双方开放、互通会员体 系，共建服务体验生态。在本次合作中，滴滴里程会员与亚朵的会员权益实现等级互通、权益互享、场 景互联，超10项跨界权益齐在线，联手为用户打造更丰富、更多元、覆盖更多出行场景的增值服务。 近年来，滴滴出行不断深化与酒旅品牌的合作，此次滴滴出行与亚朵集团开放互通会员体系后，用户仅 需简单操作，即能一键免费领取双方联手打造的会员权益。根据各自的会员等级，用户将对应享受定制 化的专属权益：滴滴的V5及V6、V7及V8里程会员可分别兑换亚朵金、铂金体验会籍，亚朵的金、铂金 会员可对应领取滴滴的V5、V7等级权益。 以滴滴V7里程会员为例，用户进入滴滴里程会员中心页面，在酒店会籍中可兑换亚朵铂金体验会员权 益，领取多张亚朵房价折扣券，住宿享8.5折优惠；入住后享免费元气早餐；如需升级房型，用户可使 用旋风升房券，有机会享免费升级至所预定房间的高一级别的房型。 本次合作中，滴滴开放多个打车权益，支持亚朵会员免费领取对应等级的权益。滴滴快速应答权益为用 户提供快速叫车通道，高峰期遇打车排队情况使用该权益 ...

证券研究报告：传媒|点评报告 传媒行业点评 豆包模型再度升级，增值服务强化大厂竞争 发布时间：2025-06-29 行业投资评级 强于大市|维持 | 行业基本情况 | | --- | | 收盘点位 | 706.9 | | --- | --- | | 52 周最高 | 752.49 | | 52 周最低 | 456.84 | 行业相对指数表现（相对值） -9% -3% 3% 9% 15% 21% 27% 33% 39% 45% 51% 2024-06 2024-09 2024-11 2025-02 2025-04 2025-06 传媒 沪深300 资料来源：聚源，中邮证券研究所 研究所 分析师:王晓萱 SAC 登记编号:S1340522080005 Email:wangxiaoxuan@cnpsec.com ⚫ 事件回顾 2025 年 6 月 11 日，火山引擎发布了豆包大模型 1.6、豆包视频生 成模型 Seedance 1.0 pro、豆包语音播客模型，并对 Agent 开发平台等 AI 云原生服务进行了升级。 ⚫ 投资要点 伴随豆包 1.6 系列发布，大模型的推理能力、多模态理解与操作 能力在全球范围内进 ...

Summary of the Conference Call for Yingzi Network Company Overview - **Company**: Yingzi Network - **Industry**: Smart Home and IoT (Internet of Things) Key Points and Arguments Business Segments and Performance - The impact of the operator business contraction on the company has lessened, with this segment now accounting for only 7% of total revenue, primarily driven by camera sales [2][3] - The company is exploring growth opportunities through market segmentation, targeting younger demographics with sub-brands like "Jin Xiaodou" and focusing on portable 4G cameras and visual communication cameras [2][6] - Overseas business growth is outpacing domestic growth, with a significant increase in contribution to overall revenue. The U.S. business is minimally affected by sanctions on Hikvision, focusing on early sales products and cloud value-added services [2][11] Product Innovations and Launches - The flagship product Y5,000 in the smart home entry business features AI capabilities and has received 130,000 pre-orders, aiming for cash flow transformation this year [2][7][8] - The company is expanding its product lines to include smart service robots and wearables as part of its third growth curve, with a focus on integrating hardware and software [2][9] Financial Performance and Strategy - The smart home camera business is expected to see a slight revenue decline in 2024 due to the contraction of the operator business, but its impact on the overall revenue base is expected to be less significant [3] - C-end value-added services, particularly cloud storage and AI services, are showing significant growth in paid user numbers and average revenue per user [4][10] - The company aims to maintain stable gross and net profit margins despite various influencing factors, including channel structure and market competition [4][16] Market Expansion and Future Outlook - The company is actively expanding into overseas markets, particularly in Europe, Central and South America, and Southeast Asia, with plans to diversify product offerings beyond single categories [2][12] - The C-end cloud service strategy will continue to focus on integrating hardware and software, with an emphasis on cloud storage and AI value-added services [10][12] Technological Developments - The AI platform is being enhanced with third-party models to improve interaction capabilities across various products, including cameras and companion robots [14] - The company is testing AI elderly care services, with plans to launch an app in the second half of the year [4][10] Retail and E-commerce Strategy - The company is transitioning its retail strategy, with successful pilot stores achieving profitability, and plans to expand this model in 2026 [15][16] - Online business growth is significant, but high traffic costs are a concern; the company is working to optimize ROI and cost rates in e-commerce [4][16] Additional Important Insights - The company is focusing on emotional value services for younger consumers through its Jin Xiaodou app, which operates independently [2][6] - The introduction of portable products and specific use-case cameras (e.g., for elderly care) indicates a targeted approach to market needs [6][7] - The overall business growth remains steady, with a strong performance in online sales during promotional periods [15]

江苏盐城公安机关成立专案组，跨国抓获犯罪嫌疑人，检察机关锁定证据。法院认定其符合组织、领导传销活动罪构成要件， 2020 年 9 月，陈某等被告人分别获刑，涉案赃款及数字货币被没收。 "Plus Token 平台" 案是中国首起以比特币等数字货币为交易媒介的特大跨国网络传销案件。2018 年 5 月，陈某纠集丁某、彭某 等人架设 "Plus Token 平台"，以区块链技术为幌子，虚构 "智能搬砖""币圈余额宝" 等概念，宣称能提供数字货币增值服务吸引 投资者。 参与者需缴纳价值 500 美元以上的比特币、以太坊等主流数字货币作为入门费获取会员资格，并按加入金额获得平台自创的 "Plus 币"。平台构建起多达 3000 余层的层级结构，发展会员 200 余万人，设置静态和动态收益机制，引诱会员不断拉新，参与 者收益完全依赖拉人头，无真实市场交易或技术增值支撑。犯罪团伙还通过境外推广大会、演唱会等活动大肆造势，截至 2019 年 6 月案发，平台累计涉案金额达 400 余亿元，资金多用于支付拉新奖励和个人挥霍。 以提供虚拟货币增值服务为名，要求参与者缴纳一定数量的虚拟货币获取加入资格，实际系按照一定顺序组成层级 ...

Summary of Poly Property Conference Call Company Overview - **Company**: Poly Property - **Industry**: Property Management Key Points and Arguments Strategic Approach - Poly Property adopts a strategic follow-up approach, introducing mature technologies to optimize management systems and operations, such as digital command centers and seamless access, positively impacting the property management industry [2][4] Market Positioning - The company positions itself in the mid-to-high-end residential market, expanding into public facilities and state-owned commercial projects while focusing on quality residential projects [2][5] Financial Performance - Accounts receivable are well-controlled, with an expected balance of approximately 2.9 billion in 2024 and operating cash flow exceeding 2.3 billion, covering net profit by more than 1.5 times [2][6] - The company anticipates a 5% growth in revenue and net profit attributable to shareholders in 2025, driven primarily by basic property management [3][19] Non-Residential Services - Non-residential value-added services have declined due to the real estate cycle, but segments like labor services and commercial office management have seen improvements [2][7] - The company has achieved advantages in the non-residential sector by focusing on core cities, key sectors, and quality clients while enhancing collection management [2][8] Risk Management - Poly Property has actively cleared risky projects, achieving a collection rate exceeding 85% in 2024 [2][9] Community Value-Added Services - The company focuses on home services and asset management within community value-added services, identifying opportunities in home renovation and community convenience consumption [2][10] Cash Reserves and Acquisition Plans - The company holds 10 billion in cash, primarily intended for acquisitions, with a focus on residential and state-owned enterprises [2][12] Expansion and Project Quality - In the first half of 2025, the company expanded its projects mainly in public facilities and state-owned commercial sectors, with residential projects accounting for about 10% [3][13] Competitive Strategy - Poly Property leverages its advantages in the convenience consumption sector, focusing on nurturing suitable business opportunities rather than competing directly with strong players [11] Future Growth Expectations - The company expects revenue growth of 5% in 2025, with core property management as the main driver, while non-owner value-added services are expected to decline slightly [19][20] Urban Renewal Opportunities - The company sees urban renewal as a significant growth opportunity, actively exploring projects while ensuring profitability and manageable collection risks [21] Additional Important Insights - The company emphasizes the importance of technology in reducing costs and improving operational efficiency in property management [4] - Despite pressures in the real estate market, the company maintains a positive outlook on the demand for quality services, indicating that premium pricing remains viable [5] - The company is committed to providing sustainable returns to investors, with a potential increase in dividend payout ratios in the future [18]

Group 1 - The core idea of the news is the launch of the "2025 Elite Internship Program" by Industrial Bank, aimed at providing practical opportunities for the children of high-net-worth clients [2] - The internship program offers opportunities in various industries including finance, internet, consulting, fast-moving consumer goods, media, and automotive, with participation from well-known companies such as JPMorgan, CICC, Google, Microsoft, and ByteDance [4] - To participate in the program, non-Industrial Bank private banking clients must add external funds of over 10 million yuan, while existing clients need to add over 5 million yuan, and funds cannot be transferred during the internship [4] Group 2 - As of the end of 2024, Industrial Bank's private banking clients numbered 77,017, an increase of 7,859 clients or 11.36% year-on-year, marking the highest net increase in three years [5] - The total average financial assets of private banking clients reached 961.044 billion yuan, an increase of 106.032 billion yuan or 12.40% year-on-year [5] - Other banks, such as Ping An Bank and Industrial and Commercial Bank of China, also offer similar internship opportunities for clients' children, indicating a trend in the industry [5][6]

银行致歉：项目暂停 在就业竞争近乎白热化的当下，实习机会本应是年轻人靠实力拼搏的入场券，却被标上了千万元的"价 码"。5月27日，一则实习计划将兴业银行推上风口，在计划中，摩根大通、谷歌等顶尖名企的实习机会与 新增存入资金挂钩，非私人银行客户需存入1000万元以上，存量客户也要追加500万元资金，瞬间引发市 场热议。当日，兴业银行做出回应，是否可获得实习机会，由面试企业最终决定，并表示已暂停了项目。 然而，风波带来的震动仍在持续，在这场"拼爹"与"拼实力"讨论背后，私人银行增值服务的合理边界引人 深思。 当千万资金与名企实习机会悄然挂钩，一场关于就业公平的讨论成为市场焦点。近日，兴业银行私人银行 推出的"2025菁英实习计划"一石激起千层浪，非私人银行客户存入1000万元、存量私人银行客户新增500 万元，即可有机会获得摩根大通、谷歌、字节跳动等头部企业的实习推荐资格。看似"高端定制"的增值服 务，引发公众对资源分配失衡的质疑。 随着事件发酵，涉及的部分企业也纷纷表态：字节跳动招聘官方账号明确表示"实习岗位录用均需符合公 司业务招聘需求"；也有券商表示，公司招聘实习生仅通过公司官方渠道招聘，所有通过第三方的招 ...

2025.05. 27 本文字数：2886，阅读时长大约5分钟 作者 | 第一 财经 陈君君 5月27日，兴业银行私人银行部推出的"高端客户子女名企实习计划"引发业界关注，该业务通过对接 多家知名机构实习资源，要求客户新增千万级资金并锁定存期。 兴业银行就上述事件回应第一财经称，在推广过程中存在表述不完整的情况，并已决定暂停相关项 目。 据记者了解，该计划确实存在，是面向高净值客户提供的增值服务，银行委托第三方机构执行。但申 请人是否可获得实习机会，由面试企业最终决定。 与此同时，有部分合作企业出面辟谣，表示并未 参与该合作项目。记者尝试联系其他相关机构，暂未获得回应。 实际上，据记者了解，这种现象并非个例。有业内人士向记者透露，银行私人银行为高净值客户提供 子女教育服务、实习机会、生活服务等，已成为行业"公开的秘密"。这一现象的背后，是银行面临的 揽储压力以及日益激烈的同业竞争。 而与此同时，上述业务中涉及的"存款限期不得转移"条款的合规性也引发诸多讨论。 "存款与实习挂钩"引争议 27日，据网友在社交平台爆料，上述"高端客户子女名企实习计划"系兴业银行推出的"2025菁英实习 计划"，该计划专为高净值客户 ...

实际上，据记者了解，这种现象并非个例。有业内人士向记者透露，银行私人银行为高净值客户提供子 女教育服务、实习机会、生活服务等，已成为行业"公开的秘密"。这一现象的背后，是银行面临的揽储 压力以及日益激烈的同业竞争。 而与此同时，上述业务中涉及的"存款限期不得转移"条款的合规性也引发诸多讨论。 "存款与实习挂钩"引争议 27日，据网友在社交平台爆料，上述"高端客户子女名企实习计划"系兴业银行推出的"2025菁英实习计 划"，该计划专为高净值客户子女设计，提供多家知名企业实习机会。 存款规模直接关系到银行的业绩表现和市场地位。 5月27日，兴业银行私人银行部推出的"高端客户子女名企实习计划"引发业界关注，该业务通过对接多 家知名机构实习资源，要求客户新增千万级资金并锁定存期。 兴业银行就上述事件回应第一财经称，在推广过程中存在表述不完整的情况，并已决定暂停相关项目。 据记者了解，该计划确实存在，是面向高净值客户提供的增值服务，银行委托第三方机构执行。但申请 人是否可获得实习机会，由面试企业最终决定。与此同时，有部分合作企业出面辟谣，表示并未参与该 合作项目。记者尝试联系其他相关机构，暂未获得回应。 宣传图片显示， ...