据多位离职员工透露，此次爱玛年裁员，涉及国际事业部、国内事业部、售后、品牌、电商以及高端品 牌"零际"等事业部及部门，裁员面积较广。其中，被波及较为严重的主要是爱玛国际事业部以及高端品 牌"零际"。 文 丨 《BUG》栏目 周文猛 岁末年初，爱玛科技又开始了"裁员瘦身"。 近日，有爱玛科技离职员工告诉《BUG》栏目，该品牌近期启动年终调整，多部门出现大幅人员优 化。其中，高端品牌"零际"、国际事业部两大部门成为重灾区，减员超50%，售后等部门也出现不同程 度人员离职。 据员工透露，爱玛每年会在10月—12月启动人员优化调整，但2025年的调整为"近几年幅度最大的一 次"。很多员工离职时仅获得1个月工资作为补偿，未按照N+1的标准进行赔偿。 更加值得注意的是，原爱玛国内事业部总裁兼任国际事业部总经理高辉的管辖范围被严重收缩，高辉从 2025年9月后只掌管国际业务，而这块业务成为此次优化的主阵地。 对于一系列调整，截至发稿，爱玛集团方面未回应问询。 高端化、国际事业部成优化重灾区 有离职员工透露，事实上，爱玛在每年年终奖发放之前——10月-12月，都会有固定批次的人员优化。 但相比往年调整，2025年多部门优化的 ...

Core Insights - Aima Technology has initiated significant layoffs across multiple departments, marking the largest personnel optimization in recent years, particularly affecting the high-end brand "Zero Boundary" and the international business division [2][4][22] Group 1: Layoff Details - The layoffs have impacted various departments, with the international business division expected to cut approximately 180 employees, which is about half of its workforce of 300-400 [4][20] - The high-end brand "Zero Boundary" has seen its team reduced from around 80 to approximately 40, indicating a reduction of over 50% since its launch [4][20] - Employees have reported receiving only one month’s salary as compensation instead of the expected N+1 standard, leading to dissatisfaction and potential legal actions [5][21][6] Group 2: Reasons for Layoffs - The international business division's poor performance has been cited as a primary reason for the layoffs, with revenue dropping from approximately 120 million yuan in the first half of 2024 to about 90.37 million yuan in the first half of 2025 [8][23] - The relocation of the "Zero Boundary" operations from Tianjin to Chongqing has also contributed to the layoffs, as the change has led to significant employee turnover [4][9] - The company has faced challenges in its new business ventures, particularly in the high-end market, where it struggles to compete against established brands due to its historical focus on mid-range electric bicycles [9][28] Group 3: Organizational Changes - Aima has undergone frequent organizational restructuring, including the splitting of its electric vehicle division into domestic and international segments, which has led to confusion and instability within the company [11][25] - The former president of the domestic division, who also managed the international division, has seen his responsibilities significantly reduced, reflecting a shift in the company's strategic focus [13][27] - The company has engaged multiple consulting firms to assist with its restructuring efforts, indicating a lack of clear direction and stability in its strategic planning [25][29] Group 4: Financial Performance - Despite the layoffs, Aima reported a revenue increase of 20.78% year-on-year to 21.09 billion yuan in Q3 2025, with a net profit growth of 2.78% to 1.907 billion yuan [14][28] - The new national standards for electric bicycles have raised production costs and may lead to decreased consumer demand, potentially resulting in negative growth for Aima's core products [28][29]

刘纪鹏还表示，一定要开展融资者教育、发行者教育。"以券商为龙头的律师、会计师、评估师、交易 所，都是从这个市场拿钱的，都应该接受再教育。" 刘纪鹏主张IPO那天每一个上市公司都要去宣誓守护证券法。"滴水之恩，涌泉相报，要有感恩之心， 要孝顺股东。要敬畏法律，还要有敬业之心，要干好上市公司。" （文章来源：第一财经） 刘纪鹏表示："A股重上4000点，需要开源节流，推动储蓄资金进入资本市场，同时避免上市公司大股 东一股独大，上市公司分红金额要超过IPO和定增的募资规模，回购应以管住卖出为主。" "上市公司不要把精力放在减持上，忽视了高质量发展，大股东要流通可以，得先让股价再上一个台 阶"。他强调。 刘纪鹏认为，如今，金融不仅仅是为实体经济服务，它已经是一个重要的财富平台。人民应该享受到发 展的红利，因此要增强赚钱效应，就必须得把今天的洼地变成高地。 12月2日，"未来20·2025A股上市公司成长力年会"在上海嘉定举行，中国政法大学教授、博导、商学院 前院长刘纪鹏以"站稳4000点，要解决哪些问题"为主题发表演讲。 ...

"上市公司不要把精力放在减持上，忽视了高质量发展"。 12月2日，"未来20·2025A股上市公司成长力年会"在上海嘉定举行，中国政法大学教授、博导、商学院前院长刘纪 鹏以"站稳4000点，要解决哪些问题"为主题发表演讲。 刘纪鹏主张IPO那天每一个上市公司都要去宣誓守护证券法。"滴水之恩，涌泉相报，要有感恩之心，要孝顺股 东。要敬畏法律，还要有敬业之心，要干好上市公司。" 刘纪鹏表示："A股重上4000点，需要开源节流，推动储蓄资金进入资本市场，同时避免上市公司大股东一股独 大，上市公司分红金额要超过IPO和定增的募资规模，回购应以管住卖出为主。" "上市公司不要把精力放在减持上，忽视了高质量发展，大股东要流通可以，得先让股价再上一个台阶"。他强 调。 刘纪鹏认为，如今，金融不仅仅是为实体经济服务，它已经是一个重要的财富平台。人民应该享受到发展的红 利，因此要增强赚钱效应，就必须得把今天的洼地变成高地。 刘纪鹏还表示，一定要开展融资者教育、发行者教育。"以券商为龙头的律师、会计师、评估师、交易所，都是从 这个市场拿钱的，都应该接受再教育。" ...

RT Yuyue (@yuyue_chris)这两天在利用 Gemini 复盘自己的交易，其中我提到一个问题，那就是开源节流。他这里一段建议给我很大的启发，那就是重新定义“节流” (Cost Control)。简单的话来说，就是——如果要做非凡之事，就要摒弃平庸对于目前这个资产阶段的人，省咖啡钱毫无意义。你的 “节流” 应指 “截断亏损流”👉 杜绝 “经常有赚有亏” 的平庸交易：- 你现在的投资状态可能是“散户心态”的放大版。频繁操作会磨损本金- 方案： 砍掉所有中庸的投资要么是确定性极高的 4% 理财，要么是潜力极大的股权 / 趋势。不做中间那种 “看着像机会其实是陷阱” 的短线博弈举例来说，就是昨天的 $SAHARA 短线抄底之后差点亏，我是想明白了空单被 ADL 之后会有一大批割肉盘抛压的，为了赌项目方要脸给公告我还是做了一波。这笔交易顶多就是反弹到 0.5，但向下空间巨大。熊市遇到这样的机会，买 5 万刀赚 10% 但有可能亏 50%，出手的意义非常小。在做每笔交易之前都得想好盈亏比，对理性要求比较高跟 Gemini 聊过之后，我最大的启发就是不要 overtrading。我对这句话的理解是很深的，但 ...

这两天在利用 Gemini 复盘自己的交易，其中我提到一个问题，那就是开源节流。他这里一段建议给我很大的启发，那就是重新定义“节流” (Cost Control)。简单的话来说，就是——如果要做非凡之事，就要摒弃平庸对于目前这个资产阶段的人，省咖啡钱毫无意义。你的 “节流” 应指 “截断亏损流”👉 杜绝 “经常有赚有亏” 的平庸交易：- 你现在的投资状态可能是“散户心态”的放大版。频繁操作会磨损本金- 方案： 砍掉所有中庸的投资要么是确定性极高的 4% 理财，要么是潜力极大的股权 / 趋势。不做中间那种 “看着像机会其实是陷阱” 的短线博弈举例来说，就是昨天的 $SAHARA 短线抄底之后差点亏，我是想明白了空单被 ADL 之后会有一大批割肉盘抛压的，为了赌项目方要脸给公告我还是做了一波。这笔交易顶多就是反弹到 0.5，但向下空间巨大。熊市遇到这样的机会，买 5 万刀赚 10% 但有可能亏 50%，出手的意义非常小。在做每笔交易之前都得想好盈亏比，对理性要求比较高跟 Gemini 聊过之后，我最大的启发就是不要 overtrading。我对这句话的理解是很深的，但具体到操作上经常管不住手。AI 做到的其实是帮 ...

Core Viewpoint - The company reported a decline in profit due to weak consumer confidence in Hong Kong and mainland China, leading to a challenging business environment, prompting the launch of new products and marketing activities to mitigate the impact [1][2] Financial Performance - The consolidated revenue for the six months ending September 30, 2025, was HKD 1.77 billion - Profit attributable to equity owners for the period was HKD 13.08 million, down from HKD 20.46 million in 2024 - The interim dividend declared for the six months ending September 30, 2025, remains at HKD 0.03 per share, consistent with 2024 [1] Market Environment - Global economic growth is gradually recovering under a more accommodative interest rate environment, but geopolitical factors continue to create uncertainty in trade, leading to fluctuating market performance [1] - The company is actively responding to changes by launching new products, expanding markets, acquiring new customers, and optimizing sales activities [1] Strategic Initiatives - The company is leveraging its flagship "Four Seasons Food Experience Hall" to enhance product promotion and attract consumer purchasing power, addressing changing consumer preferences [1] - Cost control measures are being implemented to maintain business stability without compromising quality, laying a solid foundation for future growth [1] Regional Development - The wholly-owned Miyata Corporation continues to contribute to the company's ongoing development, enhancing synergies between mainland China and Japan operations [2] - The company is introducing a variety of snack products from Hong Kong and mainland China into Japan, strengthening its competitive edge in the market [2]

Core Insights - The article discusses a significant layoff event at a major internet company, marking the largest personnel adjustment since 2018, with a focus on optimizing workforce efficiency amid declining traditional business revenues and a strategic shift towards AI [2][4][11] Layoff Scale and Scope - The layoffs affect multiple business lines, with non-core departments experiencing cuts of 20%-30%. The mobile ecosystem group, responsible for core products, is particularly impacted, with the gaming department facing nearly total layoffs and the live streaming business seeing a 90% reduction [4][11] - The AI research teams remain relatively stable, indicating a strategic resource allocation towards AI development [4][11] Layoff Targets and Criteria - The layoffs primarily target two groups: new employees with less than one year of service and older employees over 35 years of age. Recent graduates are particularly affected, as they are seen as lower-cost and easily replaceable [5][11] - Employees with poor performance ratings over the past two years are also included in the layoff list, while those in maternity-related situations are exempt [5][11] Compensation Scheme - The compensation for laid-off employees varies based on tenure, with new hires receiving N+1.5 and long-serving employees potentially receiving up to N+3.5, reflecting a tiered approach to severance [6][8] Strategic Context - The layoffs are closely tied to the company's recent financial performance, which showed a 7% year-over-year revenue decline and significant losses, despite a 50% increase in AI-related business revenue. The traditional marketing business saw an 18% revenue drop [10][11] - The company is undergoing a strategic transformation, focusing on high-growth areas like AI while streamlining operations to cut costs and improve efficiency [10][11] Outsourcing and Business Focus - Concurrently, the company is implementing a "westward migration" plan for outsourced teams, requiring relocation to Xi'an, which has raised concerns about job security for those unwilling to move [10][11] - This approach highlights a disparity in treatment between full-time employees receiving generous severance packages and outsourced workers facing potential job loss without compensation [10][11]

Core Insights - Canon's commitment to the Chinese market is highlighted by its 20-year journey with the EOS 5 series digital cameras, emphasizing the company's growth alongside Chinese users [2] - The launch of the EOS R6 Mark III camera demonstrates Canon's understanding of local user needs and its confidence in leading the market [2] - Canon's long-term strategy includes a focus on deepening its presence in China, with a comprehensive sales and service network established across the country [5] Group 1: Company Strategy and Market Position - Canon's strategy in China has evolved since the 1970s, transitioning from technical cooperation to establishing production facilities and sales companies [5] - The company has built a robust network with 13 branches and various service centers, covering multiple business areas including imaging systems and IT solutions [5] - Canon's sales revenue in 2022 surpassed 4 trillion yen (approximately 200 billion RMB), with projections for 2024 to reach 4.5 trillion yen (about 230 billion RMB), indicating steady growth despite challenges [6] Group 2: Future Plans and Market Trends - Canon is currently concluding its first five-year plan, which has been marked by significant challenges but also by growth in its imaging business [7] - The company aims to create a new "golden era" for imaging products, targeting a large consumer base of approximately 600 million potential customers in China [8] - Canon's dual investment strategy for the next five years focuses on increasing investment in B2C imaging business while remaining cautious in B2B sectors, adapting to market opportunities [8]

Core Insights - The average monthly living expenses for college students in China have increased significantly, reaching 1,744 yuan in 2025, a rise of 532 yuan or approximately 43.9% compared to 1,212 yuan in 2016 [2] Spending Patterns - The majority of surveyed students in Shenzhen have monthly living expenses ranging from 1,301 to 1,600 yuan, accounting for 22.3% of respondents, while 9.9% of students fall into the higher spending category of 2,501 yuan and above [2] - Individual spending varies widely, with some students managing on as little as 800 yuan per month, while others report needing up to 3,000 yuan to cover their expenses [3] Expense Allocation - A significant portion of student spending is allocated to dining, learning, and social activities, with 40.1% of students reporting educational expenses, 39.7% on entertainment, and 31.7% on socializing [5] - Online shopping is prevalent, with 98.5% of students having made purchases in the past six months, averaging over seven deliveries per month [5] Financial Management - A majority of students (71.7%) feel their living expenses meet or slightly exceed their needs, while 24.9% occasionally find their funds insufficient [5] - Students employ various strategies to manage finances, including using savings, cutting expenses, or taking on part-time jobs, with 15.1% opting for temporary work to supplement their income [5][6] Financial Literacy and Income Generation - Students in Shenzhen demonstrate a high level of financial literacy, with many balancing their living expenses with income from part-time jobs, allowing for additional spending on travel and electronics [6] - Some students report substantial side incomes, with monthly earnings ranging from 1,000 to 30,000 yuan, which they often save while managing their daily expenses effectively [6]