12月24日，兴证全球基金发布公告称，基金经理王品因个人原因离任兴全全球视野股票基金，并且不再转任 该公司其他工作岗位。 | 离任基金经理姓名 | 王品 | | --- | --- | | 离任原因 | 个人原因 | | 离任日期 | 2025年12月24日 | | 转任本公司其他工作岗位 | 否 | | 的说明 | | | 是否已按规定在中国基金 | 否 | | 业协会办理变更手续 | | | 是否已按规定在中国基金 | 是 | | 业协会办理注销手续 | | 这是王品年内第二次卸任基金产品，早在3月份，她就离任兴全合远两年持有混合基金。随着此次调整，王 品名下已无在管基金。 兴全全球视野股票基金成立于2006年9月，王品从2017年9月开始管理该基金，天天基金网数据显示，王品管 理该基金的任职回报为102.20%。 截至2025年12月24日，兴全合远两年持有混合A基金成立以来的单位净值下跌6.41%，近1年单位净值增长 28.35%，近3个月单位净值下跌11.35%。 截至三季度末，兴全合远两年持有混合基金持有股票占比为92.95%，持有债券占比为4.53%，前十大持仓个 股分别为斯菱股份、德昌电机控股 ...

【讲武堂】 作者：李功淼、谢荣华（单位：陆军工程大学军事基础系、武警江苏总队机动支队） 陆地，坦克、步战车纵横驰骋；空中，多型战机混合编组，无人机蜂群多向出击；海上，数艘战舰列阵 巡弋；电抗、通信分队组网建链，在电磁空间展开激烈较量……这是我军实战化训练呈现的崭新场景。 2026年即将来临，全军年初开训动员活动也将展开，官兵们将以饱满热情开展新一年度军事训练，全面 提升打赢能力。军事训练是生成和提高战斗力的基本途径，也是部队经常性中心工作。当前，要紧扣建 军一百年奋斗目标，聚焦备战打仗，充分认识军事训练转型升级的内在要求，把握军事训练未来发展的 趋势规律，不断提升打赢未来信息化智能化战争的能力。 1.实战化军事训练取得新成效 "兵不闲习，不可以当敌。"军事训练历经白刃格斗技术、火器射击技术、现代兵器使用技术和信息化武 器装备使用技术等四次技术形态的变化，其背后蕴含着技术创新突破、观念革新推动、严格训练落实的 底层逻辑。 "欲得强兵，必须坚甲利器，实选实练。"作为战争的预实践，军事训练离实战越近，离打赢就越近。只 有从难从严从实战出发进行训练准备，才能在战场打胜仗。 军事训练也是人民军队由小到大、由弱到强的重要 ...

预计2026年盈利。 《投资者网》张伟 据上交所官网显示，微型显示屏生产商视涯科技股份有限公司（下称"视涯科技"或"公司"）到科创板上市（IPO）走到关键一步。公司将于12月24日上会。 视涯科技于今年6月递交《招股书》，随后被两轮问询。从首次递表到IPO上会仅半年时间。公司走出了创纪录的上市加速度。 视涯科技的同行中，已有京东方（000725.SZ）、瑞芯微（603893.SH）、茂莱光学（688502.SH）在A股上市，国外竞争对手则有索尼、三星等。最终视涯 科技能否登陆科创板，并通过IPO项目建设提升公司竞争力，还有待观察。 估值百亿的独角兽 2024年4月，视涯科技以100亿元的估值入选当年《胡润全球独角兽榜》，排名第846名。从公司创立到估值百亿，视涯科技只花了8年时间。 公开资料显示，2016年，归国博士顾铁在上海创立视涯科技。2019年，视涯科技将总部从上海搬迁至合肥，同年投投产全球最大的硅基OLED项目。 据了解，视涯科技的主要产品为硅基OLED微型显示屏，是VR/AR设备的核心元器件。视涯科技生产的硅基OLED微型显示屏最小只有0.32英寸，不到指甲 盖大小，却能在眼前呈现出相当于200英寸 ...

证券日报网讯12月19日，华灿光电（300323）在互动平台回答投资者提问时表示，公司始终密切关注包 括2025世界vr产业大会在内的各类行业论坛及技术动态，持续跟踪VR/AR领域的最新发展趋势。 ...

我国冰雪资源与消费市场长期错位——优质雪场、冰原集中在北方，而消费能力最强的群体却主要分布 在东南部，形成资源地有雪缺人，市场地有人缺雪的矛盾。要化解这一空间错位，只能借助技术与市场 机制联动，让资本、技术、人才等要素跨区流动，把冰雪体验送到全国。 □ 顾齐洲 张东徽 近年来，人工智能、VR/AR等技术的突破，正改写传统产业的资源边界与要素结构。我国南方地区通 过技术创新打造的冰雪消费新业态，突破了自然资源禀赋限制，形成新的经济增长点，为资源稀缺地区 以技术优化要素配置、培育特色产业提供了可行路径。 冰雪产业的战略价值与理论意义 冰雪资源由自然禀赋转为经济资源，关键在于重塑生产关系与要素配置，让资源重新定价。冰雪运动同 时承载体育、文化、旅游、健康功能，回应了公众对多元生活的期待，也体现了以人民为中心的发展思 想。 从经济结构看，冰雪产业把供给端与需求端紧密衔接。在扩大内需的布局中，冰雪消费层次高、带动效 应强、关联面宽，已成为撬动消费升级和培育新增长点的关键力量，从国际经验看，居民收入跨越中等 水平后，通常会迎来冰雪消费快速增长期。我国已进入这一关键阶段，冰雪产业面临重要发展机遇。 从要素配置理论出发，技术 ...

Core Viewpoint - The company has achieved large-scale mass production and delivery of mainstream XR headsets for North American clients, showcasing its advanced technological capabilities and extensive patent portfolio [1] Group 1: Product Development - The company has a team of experts in optical, acoustic, thermal, and system software optimization fields, which enhances its R&D capabilities for VR/AR glasses [1] - The R&D team leverages cross-platform wearable hardware and software development, AI model application, algorithm debugging, and motion health function design to provide comprehensive solutions and complete products to clients [1] Group 2: Manufacturing and Global Strategy - The company possesses advantages in automated manufacturing and global layout, which supports its expansion in the technology sector [1] - The company aims to continue expanding its product lineup in various AIOT products by following client terminal innovations and maintaining its position as a core supplier for global technology companies [1]

Core Insights - The Greater Bay Area (GBA) is rapidly becoming an innovative hub for Chinese culture to reach the world, with significant contributions from online literature, gaming, and animation [1][2] - Guangdong's cultural products and services account for approximately 40% of China's total exports in this sector, covering over 160 countries and regions [1] - The GBA cultural industry is projected to exceed 3 trillion RMB in revenue by 2024, with revenues from large-scale cultural enterprises surpassing 2 trillion RMB and profits exceeding 200 billion RMB in the first three quarters of 2025 [1] Investment Trends - From 2020 to October 2025, the GBA cultural industry has seen 720 financing events, with an estimated total financing amount of approximately 56.41 billion RMB [2] - The majority of financing events (370) are in "cultural intelligence manufacturing," followed by sectors like offline derivatives, AIGC, VR/AR, and gaming, indicating a preference for culturally innovative enterprises with hard technology attributes [2] - The GBA's strong foundation in digital technology and artificial intelligence is expected to drive the global upgrade of cultural products [2] Event Highlights - The 2025 GBA Cultural Industry Investment Conference featured over 300 cultural industry projects and more than 100 financial investment institutions, including 8 investment roadshow events with 60 participating projects [2] - In the past two conferences, 27 roadshow projects have secured financing exceeding 9.5 billion RMB [2]

11月26日，游戏板块早盘略显震荡，游戏ETF（159869）现小幅微跌，持仓股博瑞传播、迅游科 技、巨人网络、恺英网络、北纬科技等涨幅居前，富春股份、吉比特、冰川网络、国脉文化、星辉娱乐 等跌幅居前。截至11月25日，游戏ETF（159869）产品规模达112.76亿元，助力投资者一键布局A股游 戏龙头。 加快发行新游戏的背后，是游戏市场的日渐复苏。中国音数协游戏工委联合伽马数据发布的报告显 示，2025Q3中国游戏市场收入880.26亿元，环比增长6.96%，终结了自2024年第四季度以来的连续下滑 趋势。电竞赛道增长更加明显：今年前三季实际销售收入448.35亿元，环比增长10.46%，同比增长 25.37%。 展望后市，据相关机构测算显示，2025年中国游戏市场规模有望突破4000亿元，其中AIGC技术驱 动的个性化内容占比将明显提升。此外，云游戏、VR/AR等新形态也将创造更多增量市场，与此同 时，中国游戏企业海外收入占比将也有望明显提升。具体到A股市场，随着政策持续优化、技术突破加 速，中国游戏产业正从"规模扩张"转向"质量提升"。A股游戏板块的估值修复与业绩增长有望形成"戴维 斯双击"。 游戏板 ...

Core Insights - The 9th China Network Audio-Visual Conference will be held in Chengdu from June 3 to 5, showcasing the achievements and discussing hot topics in the audio-visual industry, serving as an annual industry barometer [1][2] - This year's conference will introduce a "Short Video Live Day" and will focus on new patterns, models, and content in the network audio-visual sector, including topics like 4K/8K video, 5G, AI innovations, and cultural industry financing [2][3] Group 1: Conference Highlights - The conference will feature over 40 high-quality events, including forums, exhibitions, and investment roadshows, with a special event celebrating the 100th anniversary of the Communist Party of China [1][2] - The conference aims to analyze the rapid development and changing landscape of the network audio-visual industry, providing insights from production, distribution, and platform operation perspectives [3][6] Group 2: Industry Growth and Trends - As of mid-2020, the number of internet users in China reached 940 million, with the audio-visual user base at 901 million, indicating a usage rate of 95.8% [4][6] - The short video user base reached 818 million by mid-2020, with a projected growth to 873 million by the end of the year, while the live streaming sector saw a user base of 562 million, marking it as the fastest-growing internet application [6][7] - The market size of the network audio-visual industry surpassed 450 billion yuan in 2019, establishing it as a core pillar of the online entertainment sector [6][7] Group 3: Industry Leaders and Perspectives - The conference will gather over 500 industry leaders and representatives from more than 2,000 organizations, including notable figures like iQIYI's CEO Gong Yu and Bilibili's CEO Chen Rui, who will share their insights on industry challenges and future trends [7][8] - Industry leaders emphasize the need for diverse content to meet the evolving entertainment demands of users, with predictions that video will become the dominant form of internet content in the 5G era [7][8]

Market Overview - The A-share market showed mixed performance with the Shanghai Composite Index rising by 0.18%, while the Shenzhen Component Index slightly declined, and the ChiNext Index increased by 0.25% [1] - The total trading volume in the Shanghai and Shenzhen markets reached 1,725.9 billion [1] ETF Performance - Gold-related ETFs led the gains, with several ETFs rising over 4%, including Gold Stock ETF (517520) and Gold Stock ETF (517400) [2] - Conversely, film and media-related ETFs experienced significant declines, with the top three ETFs in this category dropping by approximately 2.44% [4] Industry Insights - The Ministry of Industry and Information Technology highlighted the critical role of industrial policies in promoting stable growth in the non-ferrous metals industry, which has become the largest producer and consumer globally [3] - In the first half of 2025, the added value of the non-ferrous metals industry grew by 7.6% year-on-year, outpacing the average growth rate of the industrial sector by 1.2 percentage points [3] Trading Activity - The Silver Hua Daily ETF (511880) recorded the highest trading volume at 20.155 billion [6][7] - The turnover rate for the Government Bond ETF (511580) was notably high at 303.97% [7] New ETF Launch - The Southbound Hong Kong Dividend ETF (159127) is set to launch, tracking the CSI Hong Kong Stock Connect High Dividend Investment Index, targeting investors seeking stable returns and cash flow [8]