预期转为除税后纯利主要由于以下原因：1)收益大幅增长，主要源于HTML5游戏「一步两步」，该游 戏于2024年下半年推出并于2025年进入回收周期，其前期发行及持续营运工作取得可观回报；及2)集团 于一间非上市有限合夥企业投资确认的投资亏损由截至2024年12月31日止年度约人民币1740万元预期减 少至截至2025年12月31日止年度约人民币600万元至人民币900万元。该减少主要由于该非上市有限合夥 企业多项投资的公允价值变动所致，其主要投资于智能系统、自动系统及资讯科技领域。 格隆汇2月27日丨飞鱼科技(01022.HK)公布，预期集团于截至2025年12月31日止年度可能录得除税后纯 利介乎约人民币8000万元至人民币12000万元，而于截至2024年12月31日止年度则为除税后亏损净额约 人民币4610万元。 ...

预期转为除税后纯利主要由于以下原因：收益大幅增长，主要源于HTML5游戏"一步两步"，该游戏于 2024年下半年推出并于2025年进入回收周期，其前期发行及持续营运工作取得可观回报;及本集团于一 间非上市有限合伙企业投资确认的投资亏损由截至2024年12月31日止年度约人民币1740万元预期减少至 截至2025年12月31日止年度约人民币600万元至人民币900万元。该减少主要由于该非上市有限合伙企业 多项投资的公允价值变动所致，其主要投资于智能系统、自动系统及资讯科技领域。 智通财经APP讯，飞鱼科技(01022)发布公告，预期本集团于截至2025年12月31日止年度可能取得除税后 纯利介乎约人民币8000万元至人民币1.2亿元，而于截至2024年12月31日止年度则为除税后亏损净额约 人民币4610万元。 ...

摘要 ：近日，河南科技大学发布多批政府采购意向，仪器信息网特对其中的试剂耗材品目进行梳理，统 计出共24项试剂耗材采购意向，预算总额8100万元。 | 采购 | | 预算 | 采购 | | --- | --- | --- | --- | | | 需求概况 | | | | 项目 | | 万元 | 时间 | | 低碳建筑技术 | | | 2026 | | 与应用创新平 | 超高效液相 - 三重四极杆串联质谱联用仪 | 220 | 年3 | | 台园艺保护学 | 1 台；昆虫生理生化测试分析系统 1 套。 | | 月 | | 科提升项目 | | | | | 工业多智能体 | 包含具身智能类脑机器人、具身智能机器 | | 2026 | | 协作检测平台 | 人、智能无序抓取 - 探伤应用平台和智能 | 398 | 年3 | | 项目 | 故障预警平台。 | | 月 | | | 主要包括显微维氏硬度计 1 台、表面能测 | | | | 航空航天先进 | 试仪 1 台、 3D 轮廓仪 1 台、微纳米力 | | 2026 | | 动力技术平台 | 学测试系统 1 套、超高温疲劳试验机 2 | | 年3 | | 国防学科提升 ...

过去十几年，很多管理者都在做同一件事：招到最优秀的人，给目标、给资源、盯结果。可最近两年， 越来越多人发现——人没变，方法却突然失效了。不是员工不行，也不是你不够努力，而是"工作本 身"已经悄悄换了形态。一些过去必须依赖经验、判断和加班完成的工作，正在被智能系统以更快、更 稳定、更低成本的方式完成；而你最擅长的执行力，正在迅速贬值。焦虑、抵触、否认，都是正常反 应，但继续沿用旧模式，只会让你越来越忙、却越来越不可替代不了。 真正的问题只有一个：当执行不再稀缺，领导者的价值到底在哪里？答案不在"更懂业务"，也不在"更 会管理人"，而在一个被严重低估的能力上——设计工作的方式本身。接下来的内容，将直面这个转 变，解释为什么"停止管理，开始设计"，已经不是理念，而是生存策略。 当"能干的人"不再稀缺 过去几十年，组织运转的逻辑一直很清晰：找到聪明、肯干的人，把他们培养成专业骨干，盯住结果， 奖励表现最好的人。在这种体系里，领导者往往也是最能干的那一个——既能亲自把事做好，又能带着 别人一起干。 可今天，这套逻辑开始失灵了。当智能系统可以把分析、写作、判断这类"脑力活"做得又快又稳、成本 还更低时，一个尖锐的问题摆在 ...

在《高参访谈》节目中，上海财经大学数字经济研究院院长高红冰与清华大学公共管理学院院长朱旭峰 进行对话。 高红冰提到，淘宝为每个用户打上5000个标签，而淘宝闪购和本地即时消费市场则使用了4万个标签， 进一步提高了匹配的精细化程度。 高红冰提到，淘宝为每个用户打上5000个标签，而淘宝闪购和本地即时消费市场则使用了4万个标签， 进一步提高了匹配的精细化程度。 而抖音则使用了270万个标签，达到了前所未有的高度精细化水平。 高红冰强调，这种高度标签化的系统能够精准捕捉和利用任何行为，为用户提供高度个性化服务和解决 方案，体现了当前智能系统在精准性和预见性方面的强大能力。 而抖音则使用了270万个标签，达到了前所未有的高度精细化水平。 高红冰强调，这种高度标签化的系统能够精准捕捉和利用任何行为，为用户提供高度个性化服务和解决 方案，体现了当前智能系统在精准性和预见性方面的强大能力。 新浪声明：所有会议实录均为现场速记整理，未经演讲者审阅，新浪网登载此文出于传递更多信息之目 的，并不意味着赞同其观点或证实其描述。 责任编辑：李思阳 在《高参访谈》节目中，上海财经大学数字经济研究院院长高红冰与清华大学公共管理学院院长朱 ...

Core Insights - The Greater Bay Area Science Forum focused on the application of intelligent systems and industrial innovation, aiming to explore new paths for high-quality development in modern industrial systems through technology empowerment [1][2][4]. Group 1: Forum Overview - The forum was held at the National University of Singapore's Guangzhou Innovation Research Institute, supported by various government and institutional representatives, emphasizing collaboration among government, industry, academia, and research [1][2]. - The event highlighted the importance of international cooperation in technology innovation, particularly in the context of the Guangdong-Hong Kong-Macao Greater Bay Area [2][29]. Group 2: Keynote Speeches - Nine leading scholars from the National University of Singapore delivered presentations on cutting-edge topics such as robotics, spintronics, intelligent transportation, and medical AI, showcasing both theoretical breakthroughs and practical applications [6][8][10][12][14][16][18][20][22]. - Notable presentations included discussions on the integration of AI in emergency medical services, advancements in wearable robotics, and the development of intelligent transportation systems that prioritize safety and privacy [18][16][12]. Group 3: Industry Dialogues - The forum featured high-level industry dialogues addressing the integration of intelligent systems in future industrial ecosystems, emphasizing the need for technological innovation, policy support, and open scenarios [24][26]. - Discussions on smart healthcare highlighted the necessity for clinical value-driven AI development and the importance of overcoming challenges related to data security, algorithm transparency, and system interoperability [28]. Group 4: Future Directions - The National University of Singapore's Guangzhou Innovation Research Institute aims to facilitate international technology transfer, promote talent mobility, and support regional industrial upgrades, contributing to the Greater Bay Area's position as a global hub for intelligent technology innovation [29].

Core Insights - The 23rd Guangzhou International Auto Show successfully concluded, attracting 855,000 visitors and featuring over 12,300 journalists from more than 6,000 media outlets, highlighting its significance in the global automotive industry [1] Group 1: Electric Vehicle Penetration - The auto show showcased 93 new car launches, with a total of 1,085 vehicles, of which 629 were new energy vehicles (NEVs), marking a significant shift as NEVs accounted for 58% of the total, indicating the acceleration of electrification in China's automotive industry [2] - In the first ten months of 2025, China's NEV sales reached 12.943 million units, a year-on-year increase of over 33%, with October's penetration rate surpassing 51.6%, reflecting a substantial shift in consumer preferences and the effectiveness of policies and innovations during the 14th Five-Year Plan [2] Group 2: Advancements in Intelligent Systems - The auto show highlighted breakthroughs in smart driving and ultra-fast charging technologies, with smart driving becoming standard in mid-to-high-end models, and consumers increasingly valuing the performance of intelligent systems over traditional specifications [3] - Innovations in charging technology were showcased, including 800V high-voltage platform vehicles capable of achieving 400 kilometers of range with just 10 minutes of charging, and solid-state battery prototypes that nearly double the energy density compared to existing lithium batteries [3] Group 3: Changing Consumer Values - The emergence of new-generation consumers and multi-scenario family users is reshaping automotive consumption from merely meeting needs to creating resonance, with a focus on personalized vehicles that align with lifestyle and values [4] - The exhibition featured vehicles tailored for specific uses, such as six-seat SUVs for family travel, modified vehicles for outdoor exploration, mini electric cars for urban commuting, and MPVs catering to both family and business needs, reflecting deep insights into diverse consumer lifestyles [4] Group 4: Industry Collaboration and Cultural Heritage - The auto show included an "Automotive Industry Chain and Culture Exhibition Area," showcasing the complete automotive ecosystem and cultural achievements, attracting 18,000 professional visitors from 35 countries [5] - The outdoor cultural exhibition area became a focal point, featuring classic car displays, automotive models, and interactive experiences, promoting the popularization and inheritance of automotive culture [5] Group 5: Official Forum and Industry Insights - The "2025 Guangzhou Automotive Development Summit Forum" gathered industry leaders to discuss trends and share insights, focusing on themes like intelligent driving and global collaboration [6] - Various high-level forums and technical seminars provided valuable industry insights, with experts discussing topics such as central computing platform evolution and challenges in cross-domain integration [6] Group 6: Service Upgrades and Sustainability - The auto show emphasized service upgrades, introducing digital and low-carbon initiatives, including an AI customer service program that significantly improved response times and problem resolution rates [7] - The event adopted sustainable practices, using 85% recyclable materials for booth construction and offering electric shuttle services, enhancing visitor experience while demonstrating the industry's commitment to sustainability [7] Group 7: Future Outlook - The growth of NEV production and sales in China is projected to rise from 3.52 million units in 2021 to an estimated 12 million units by 2025, with penetration rates increasing from 13.4% to over 50%, marking a historic leap for the industry [8] - The 24th Guangzhou International Auto Show is scheduled for November 27 to December 6, 2026, aiming to continue fostering high-quality development in China's automotive sector [8]

Core Viewpoint - The company, XinTuXinKe, has achieved significant gains from its stock buyback program, with a maximum floating profit of nearly 2.6 times the repurchase price, yet it faces the stark reality of stagnant revenue and continuous losses over the past five years [1][3][4]. Group 1: Stock Buyback and Performance - On November 26, 2025, XinTuXinKe sold 500 shares from its buyback account at an average price of 28.73 yuan per share, following a buyback at an average price of 11.57 yuan per share [2][3]. - The company’s stock price peaked at 41.46 yuan in September 2025, resulting in a maximum floating profit of 258% based on the repurchase cost [3]. - Despite the impressive stock performance, the company has not achieved revenue exceeding 200 million yuan since its IPO in 2020 and has reported losses for five consecutive years [4][5]. Group 2: Financial Performance and Challenges - XinTuXinKe's revenue has stagnated, with figures of 1.93 billion yuan in 2020, followed by 1.57 billion yuan, 1.44 billion yuan, 1.49 billion yuan, and 1.53 billion yuan in subsequent years, all failing to surpass 200 million yuan [4]. - The company has reported net losses of 45.61 million yuan, 79.10 million yuan, 67.94 million yuan, and 80.66 million yuan from 2021 to 2024, with a net loss of 4.47 million yuan in the first three quarters of 2025 [4]. - The company has faced negative cash flow from operating activities for five consecutive years, with a net cash flow of -4.34 million yuan in the first three quarters of 2025 [4]. Group 3: Business Operations and Future Outlook - XinTuXinKe's main business focuses on providing integrated solutions and products centered around intelligent systems, particularly in the defense and civilian sectors [5]. - The company has invested significantly in new products and aims to enhance its product matrix, although the scaling process may take time [5]. - The company’s representatives believe that the most challenging period has passed and anticipate improvements in the civilian market segment in the future [5].

Core Insights - The company reported a revenue of 4.229 billion yuan for the first half of 2025, a year-on-year decrease of 2.16%, while the net profit attributable to shareholders was 577 million yuan, an increase of 22.02% [1] - The core business showed resilience with an 11.56% year-on-year growth when excluding the impact of the steel business exit, indicating a high-quality development trajectory [2] Revenue and Profitability - The company's gross margin and net margin reached 27.06% and 14.54%, respectively, marking the highest levels in the past five years [2] - The net profit after deducting non-recurring items was 555 million yuan, reflecting a year-on-year increase of 22.54% [1][2] Business Segment Performance - The commercial vehicle segment experienced a significant decline in revenue, down 29.72% year-on-year, primarily due to a high base effect from the previous year [3] - However, there was a 23.27% quarter-on-quarter growth in commercial vehicle sales revenue compared to the second half of 2024, indicating potential recovery [3] - Emerging businesses, including robotics and intelligent systems, showed strong growth with increases of 35.66% and 51.73% year-on-year, respectively [3] International Expansion - The company's Hungarian factory construction has been completed, with equipment installation underway, expected to contribute to revenue in the second half of 2025 [4] - The Hungarian base is positioned as a strategic hub for deepening overseas market penetration and building a global operational system [4] Investment Outlook - The company is expected to achieve net profits of 1.280 billion, 1.567 billion, and 1.875 billion yuan for 2025-2027, with corresponding earnings per share of 1.51, 1.85, and 2.21 yuan [5] - The current price-to-earnings ratios are projected to be 24.58, 20.08, and 16.78 times for the respective years, maintaining a "buy" rating [5]

Group 1: 6G Technology Innovation and Future Industry Development - The 27th Annual Meeting of the China Association for Science and Technology focused on "6G Technology Innovation and Future Industry Development," featuring discussions on future directions, opportunities, challenges, and R&D achievements in 6G technology [1][3] - Keynote speeches included topics such as AI-driven innovation in 6G, the necessity of international cooperation for continuous innovation in 5G/6G, and considerations for wireless access network architecture for 6G [3] - Experts from various institutions discussed the integration of AI with 6G technology, emphasizing the potential of 6G in mobile communication trends and the fusion of communication perception and computing [3][4] Group 2: AI Era Network Technology Innovation - The forum on "AI Era Network Technology Innovation" featured discussions on the integration of AI in network technology and its implications for high-quality development [6] - Keynote presentations addressed topics such as the role of optical-electrical fusion networks in supporting AI, the acceleration of network AI integration, and the challenges faced in deploying networks for AI large models [6][7] - Experts explored the fusion of intelligent deep networking technologies with new internet applications, as well as the multidimensional challenges and solutions in the context of the computing power era [6] Group 3: Intelligent System Modeling, Control, and Optimization - The forum on "Intelligent System Modeling, Control, and Optimization" included discussions on cutting-edge technologies, algorithms, and applications in the field of intelligent systems [8] - Keynote reports covered topics such as the new industrial revolution and intelligent robotics, collaborative control of distributed photovoltaics, and key technologies for deep-sea interactive robots [8] - A roundtable discussion focused on the digital transformation of industries, with experts from various universities and enterprises sharing insights on the application of intelligent systems [8]