奶皮子因糖葫芦等创新产品走红，但高成本、季 节波动和创新空间有限，使其难以成为长期热门 原料。 不知道这个秋冬，你是否也被一串裹着奶皮子的糖葫芦刷屏了。由于口感能与各种食材搭配，再加上社交媒体 的助推，奶皮子成为了当下讨论度最高的网红食品之一。在抖音，奶皮子糖葫芦的话题播放量已经突破 6 亿 次。小红书上，同一话题也累计 1.2 亿浏览量。 奶皮子原本是一种来自内蒙古的传统乳制品，现如今不仅仅成为了糖葫芦的最佳搭子，也被商家们以各种各样 的形态，融入咖啡、奶茶、和烘焙等等各种食品饮料中。随着热度的上升，原材料的价格也出现了变化。根据 36氪的报道，电商平台上一款奶皮子在 10 月底还是 10 块钱一张，一周之后就涨到了 42 块。 与此同时，有从 业者向第一财经表示，最近收到不少行业内关于奶皮子供应的询问，但多家合作工厂的产能已经排满，就算愿 意加价，也不一定能马上拿到货。 即便如此，厂商们对扩产能还是比较谨慎。根据澎湃新闻的报道，不少生产企业表示，过去几年，多款网红食 品都经历过短期放量，随后快速回落的情况，所以他们仍然担心这次的风口很快会过去，也不敢扩建产能。与 此同时，也有业内人士对媒体表示，从产业端来 ...

Core Viewpoint - The article highlights the innovative approaches and market expansion strategies of Shanghai Ouben Steel Structure Construction Group, led by Chairman Chen Ming, who emphasizes the importance of structural innovation and cost management in the construction industry [2][5][7]. Group 1: Company Overview - Shanghai Ouben Steel Structure Construction Group has been established since 1998 and has deep roots in the steel structure industry for 27 years [5]. - The company focuses on providing high cost-performance building structure solutions and aims to be a professional integrated construction enterprise characterized by structural innovation [2][5]. Group 2: Innovation and Management - The company captures opportunities in the construction industry by leveraging innovation and systematic management to build a competitive edge [5]. - Ouben has developed a "Cost Control Management System" that utilizes blockchain principles for precise project cost management, enhancing team trust and collaboration [5][6]. - The company has transitioned from importing foreign technology to developing its own products, such as the shell framework, which offers advantages in prefabricated buildings [6]. Group 3: Market Expansion - Ouben aims to serve as a bridge for Chinese enterprises investing overseas, recognizing the need for partners who understand both Chinese standards and local regulations [7]. - The company has taken steps to expand its industrial chain by establishing a production base in Indonesia and a design institute in Hungary to better serve overseas projects [7]. Group 4: Vision and Mission - The company is committed to creating beautiful architecture that combines functionality with aesthetic appeal, reflecting its mission to "create beautiful buildings" [8].

Core Insights - The article emphasizes the importance of investing in industries that are in an upward trend or full of opportunities, particularly in the innovative pharmaceutical sector [1] - It highlights that innovative drug research must be based on solid data, as high-quality data ultimately translates into significant commercial value [2] - The selection criteria for innovative drugs focus on whether the product has global competitiveness and addresses unmet clinical needs [3] Investment Performance - The Fuqun Pharmaceutical Innovation Fund, managed by Wang Chao, has shown remarkable performance, ranking second among its peers within a year of its establishment [2] - As of June 30, 2025, the fund has achieved a nearly 30% increase in the Hong Kong Innovative Drug Index and a 17% rise in the Innovative Drug Industry Index [1] Investment Philosophy - Wang Chao's investment strategy is characterized by a concentrated portfolio, with the top ten holdings accounting for 60%-70% of the fund [3] - The investment approach is driven by deep research and focuses on identifying high-value long-term holdings [3] Background of the Fund Manager - Wang Chao has over a decade of experience in the pharmaceutical industry, transitioning from research and consulting to investment [5][6] - His background in drug development has provided him with a unique advantage in understanding the critical factors that drive value in innovative drug investments [6][7] Methodology for Investment - The investment philosophy includes three main principles: selecting the right direction, targeting unmet clinical needs, and ensuring global competitiveness [11][13] - Wang Chao emphasizes the importance of rigorous data tracking and analysis in the investment process, believing that excellent data will eventually yield productivity [10] Future Outlook - Wang Chao expresses confidence in the future of China's innovative drug industry, noting that it is at a turning point from quantitative to qualitative change [20] - He identifies three key areas for future breakthroughs: combination innovation, small molecule drugs, and new modalities such as small nucleic acid drugs and cell therapies [21]

Core Viewpoint - The article emphasizes Shenzhen's rapid transformation into a leading hub for the new energy vehicle (NEV) industry, highlighting the city's unique ecosystem and the pivotal role of key players like BYD and Huawei in driving innovation and growth in the automotive sector [2][18]. Industry Overview - The automotive industry is experiencing a significant shift, with Shenzhen emerging as a key player in the NEV market, achieving a production volume of 2.9353 million NEVs in 2024, a year-on-year increase of 69.2% [4][5]. - The city aims to solidify its position in global markets by enhancing its competitiveness in electronics, automotive, and new energy sectors through initiatives like the "ICT+" action plan [3]. Key Players and Innovations - BYD has established itself as a leader in the global NEV industry, with a focus on vertical integration of core components such as batteries, motors, and electronic controls, enhancing its resilience to market changes [6][10]. - Huawei, while not manufacturing vehicles, has become an integral part of the automotive supply chain, leveraging its ICT expertise to provide solutions for various car manufacturers [4][6]. Technological Advancements - The article discusses the emergence of a "networked" supply chain structure in the NEV sector, allowing for "emergent innovation" where more supply chain companies take on leading roles [6][16]. - Innovations such as BYD's blade battery and the e-platform 3.0 are highlighted as key technological advancements that contribute to the competitive edge of Shenzhen's automotive industry [10][12]. Infrastructure Development - Shenzhen has built a comprehensive charging infrastructure, becoming the world's first "supercharging city" with over 13,400 new charging piles and 1,030 supercharging stations [8]. - The city is also advancing in smart transportation, with initiatives like the "car-road-cloud integration" project, which aims to enhance the synergy between vehicles, infrastructure, and digital technologies [14][15]. Future Outlook - The Shenzhen government plans to achieve an industrial output value of over one trillion yuan for the automotive sector by 2025, indicating strong growth potential [18]. - The article concludes that Shenzhen's unique innovation culture and engineering talent will continue to drive the city's automotive industry forward, positioning it as a model for the future of global NEV development [19][20].