这并非空口无凭，欧洲官员频繁的私下咨询印证了盟友们对华盛顿现有政策航向的深深不安。一位欧洲 高级外交官匿名透露，自法案通过后的48小时内，焦虑的欧洲国家政府正加速评估美国巨额补贴与针对 性税收政策对本土产业根基的破坏程度。 完整内容查看视频 马斯克对这份厚礼表达了毫不掩饰的愤怒。他在社交媒体上的批评如利刃般直指白宫："政策制定者被 陈旧观念束缚，他们缺乏远见，意识不到当下的科技变革有多迅猛。"他并非杞人忧天，其麾下的特斯 拉正代表美国科技在全球新能源版图冲锋陷阵。马斯克强调当下需要的是政府坚定的战略扶持，而非反 向拖累。那些影响研发投入的税收条款、扰乱供应链的孤立主义政策，正实实在在地伤害像特斯拉这样 肩负美国创新使命的企业根基。"这些计划对像我们这样的美国科技冠军造成了实质伤害，"他警告道。 这位管理着近八万名高科技从业者的CEO比任何人都清楚，持续的竞争壁垒对美国创新的杀伤力是致命 的。 马斯克的愤怒尚未平息，前总统拜登却以一种更隐晦的方式向特朗普的政治核心开炮。他在一场人力资 源管理协会活动上抛出了一个引人深思的信号：即便已离开白宫，他仍被视为关键智囊。"几位欧洲领 导人曾致电我的办公室，"拜登的回忆带 ...

券商们也在研报中纷纷表示看好该行业的发展。其中，国信证券、开源证券、长江证券等多家机构从计 算机行业视角出发，强调香港稳定币新规将加速数字货币、数字资产相关产业链发展。这些机构建议关 注技术研发、交易所平台等环节的投资机会，认为政策红利将带来显著的产业机遇。 国盛证券、华创证券则将稳定币与RWA结合分析，认为二者联动将推动金融科技变革，助力实体经济 资产链上化；银河证券研究报告称，香港《稳定币条例》出台，标志全球首个法币稳定币监管架构体系 的落地，一方面稳定币为RWA提供了低成本、高效的计价与结算工具，另一方面增强RWA流动性并催 化更多RWA产品创新与应用场景；中信证券在美股加密货币、银行业等多篇研报中指出，全球稳定币 监管提速可能重构跨境支付格局。 近期，香港《稳定币条例》正式生效，不仅引爆了资本市场，券商们也纷纷展现出前所未有的研究热情 ——三天内，22家券商集中发布30篇研报，超过20场电话会议相继召开，8场路演活动蓄势待发。这些 研究报告主要覆盖计算机、区块链、金融科技、跨境支付等多个维度，券商们普遍认为香港新规将推动 稳定币从交易媒介升级为关键金融基础设施，加速数字金融产业链发展。 "香港《稳定币 ...

提到段永平，很多人都用传奇商业大佬来形容他。 被誉为"中国版巴菲特"的段永平，28岁开始创业、40岁便宣布退休的传奇大佬，影响了整整一代 投资者和企业家。小霸王、步步高、小天才、OPPO、vivo、拼多多、极兔速递……这些在各自行 业内拥有巨大影响力的企业，无一不曾受到段永平理念的影响。 他是首位拍下巴菲特午餐的华人，也是做生意敢为天下后的高人。段永平这名字在投资圈里，是 跟"价值投资"这四个字焊一块的。 近日，获得段永平先生的首肯， 《大道》问世 ，作为国内首部体系化梳理段永平商业投资思想的 读本，将大量碎片式的问答依据内生逻辑结构化、体系化，帮助我们全面更好地把握段永平的思 想。 ▼点击图片，即可购买▼ 《大道》的内容选编自段永平在网易博客和雪球网上发表的言论，涵盖个人投资心得、企业管理 经验，以及对子女教育和社会公益的看法， 文本来源选取的时间为2006年到2025年初。 这本书上市后，也获得了众多投资圈大佬们的一致推荐。下文为 今日资本创始人徐新 阅读《大 道》后的读后感： 芒格书院的施宏俊老师邀我给《大道：段永平投资问答录》写个读后感，我一口气读完，觉得就 是像跟老朋友聊天一样，很开心！ 他证实了我 ...

Financial Data and Key Metrics Changes - Q1 2025 revenues were $5 million, down $300,000 year on year, but the LIFO business was up year on year [5][12] - On a non-GAAP basis, adjusted operating loss was $4.6 million compared to $5.5 million for the same periods [19] - GAAP gross margin was 42.2% compared to 26.4% in Q1 2024, while non-GAAP adjusted gross margin was 42.2% compared to 33.7% [17][18] Business Line Data and Key Metrics Changes - Revenue from ReWalk robotics products was $1.6 million, while Alter G products generated $3.4 million, with Alter G sales growing by 19% year on year [14] - The number of ReWalk rentals increased to 36, primarily in Germany, indicating strong future sales potential [6][15] - Alter G has shown significant growth of 1970% in the last two quarters [7] Market Data and Key Metrics Changes - The U.S. pipeline has over 120 qualified leads, up over 70% from two quarters ago [6][15] - The company has expanded partnerships with Alter G distributors, including four new business partners [6] Company Strategy and Development Direction - The company is focused on profitable revenue growth, tight expense control, and cash management [5] - A partnership with CoreLife aims to enhance progress in the workers' compensation segment [6] - The company anticipates a sales range of $28 million to $30 million for 2025, with expectations of a reduced operating loss by Q4 [20] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in future growth based on a strong pipeline and recent FDA approvals [6][20] - The leadership transition is expected to be smooth, with a solid foundation in place for future growth [11] Other Important Information - The company ended Q1 with $5.7 million in cash and equivalents and no debt, raising an additional $500,000 post-quarter [19] - The company is working collaboratively with Medicare Administrative Contractors to improve claims processing predictability [10] Q&A Session Questions and Answers Question: What is the assessment of recent tariff situations? - The company is monitoring the situation closely and has planned for alternatives within the market, with minimal impact expected on the ReWalk production in Israel [25][26] Question: How does the company support its full-year revenue guidance despite lower Q1 revenue? - Confidence is based on strong momentum in the Ultra G product line and a robust pipeline of leads, indicating growth potential [28] Question: Can you elaborate on the ReWalk seven's differences from the previous version? - The ReWalk seven features significant improvements in usability, power, and control, while maintaining a similar price point [36][39] Question: How does the expanded Mylan partnership benefit the commercial sales force? - The partnership allows access to a new segment for home use, leveraging historical data to drive sales [42] Question: What is the market size for workers' compensation in the U.S.? - The workers' compensation market represents about 6% to 7% of the overall market, providing a significant opportunity for growth [47] Question: How has the Alter G acquisition performed? - The integration has stabilized, and recent product launches have shown strong growth, particularly in international markets [54][56]

（具体地址将在报名成功后通过邮件通知） 2025年，复旦大学迎来120周年华诞。值此百廿校庆之际，华尔街见闻携手复旦大学国际金融学院（FISF），重磅推出一场聚焦全球科技趋势与资产配置战 略的大师级活动 —— 复旦FMBA大师课暨2026级招生新政发布会。 我们诚邀华尔街见闻用户参与，与复旦顶尖学者、经济学家、行业领袖共聚一堂，深度洞察科技变革与资本格局背后的趋势与逻辑。 活动时间 2025年5月18日（周日）14:00–17:30 复旦大学邯郸校区 第五教学楼5301报告厅 复旦大学国际金融学院 执行院长 美国宾大博士，曾任波士顿学院终身教授 《万亿市值的背后：透视中美印三国科技巨头的AI布局与时代挑战》 通过"三国科技图谱"剖析AI的全球趋势与风险，解构未来产业与资产价值演化路径。 刘郁博士 华西证券首席经济学家、复旦经济学博士 《关税与政策预期下的资产配置展望》 从中美贸易格局、国内政策节奏切入，提供黄金、债券、权益资产的前瞻性配置思路。 首期FMBA校友特别分享 复旦国金FMBA首期班校友共聚一堂，复盘成长与转变，呈现学业如何赋能高阶职业路径。 活动亮点一览 重磅大师讲坛 钱军教授 2026级FMBA ...

Group 1 - The company reported a revenue of 43.032 billion yuan for 2024, a year-on-year increase of 12.32%, and a net profit attributable to shareholders of 791 million yuan, up 44.42% year-on-year [1] - The significant growth in profit is attributed to the base effect from the previous year, where asset disposals negatively impacted performance, including a land appreciation tax of approximately 197 million yuan [1] - In Q1 2025, the company achieved total operating revenue of 10.837 billion yuan, a year-on-year increase of 2.72%, and a net profit attributable to shareholders of 591 million yuan, up 180.41% year-on-year [1] Group 2 - The company plans to distribute a cash dividend of 0.6990 yuan per share, totaling 396 million yuan, with a cash dividend ratio of 50% [2] - The outsourcing business drove revenue growth, achieving 36.048 billion yuan, a year-on-year increase of 13.96%, and is identified as the core driver of the company's performance [2] - The company has strengthened its professional outsourcing capabilities, enhancing recruitment efficiency and reducing costs through AI technology and digital tools [2] Group 3 - The company has successfully completed its 2024 performance commitments and proposed a high dividend payout plan [3] - The company is expected to maintain steady growth driven by its high-growth outsourcing business and increased customer development efforts, adding 30 large clients during the year [3] - The profit forecast for 2025-2026 has been slightly adjusted to 971 million yuan and 1.066 billion yuan, respectively, with a new forecast for 2027 at 1.202 billion yuan [3]

4月13日，桥水基金创始人达利欧在接受采访时表示， 美国正处于经济衰退的边缘，甚至可能出现更糟糕的情况： 我认为我们现在正处于一个决策节点，非常接近衰退。而如果处理不当，我担心会出现比衰退更糟的情况。 达利欧表示，特朗普的关税政策"到目前为止非常具有破坏性"。 他形容这些政策的初始实施"就像往生产系统里扔石头"。他认为这些关税的影响"在整个世界效 率方面将是巨大的"。 他指出，货币秩序的瓦解以及世界秩序的"深刻"变化正在发生： 如果把关税、债务这些因素综合来看，会发现这些对现有秩序和体系的冲击极其剧烈。应对得当，还能平稳过渡；但如果处理不好，结 果可能会比经济衰退严重得多。 以下是投资作业本课代表（微信ID：touzizuoyeben）整理的要点内容，分享给大家： 1、五大历史驱动力 ：历史上推动国家兴衰的五大力量包括：①货币-信贷-债务周期，②国内阶级与价值冲突，③国际秩序变迁（大国博弈），④自然灾害与 疫情，⑤科技变革。 2、关税只是表象 ：特朗普政府的加征关税只是更深层结构性问题的表象，如财政赤字、国内分裂、国际秩序重组等。 3、当前局势像1930年代 ：我们正处于类似于20世纪30年代的大变局时期，包 ...