文 | 市象，作者 | 古廿，编辑 | 杨舟 618刚结束，美团零售就开始新一轮的提速。 6月23日，美团宣布将全面拓展即时零售，推动零售新业态提质升级。区别于常规的业务优化，这次是 美团对即时零售业务全线升级。 一个是以"美团闪购"和"小象超市"为代表的即时零售业务，需要快速拓城、扩仓、提品类，持续提升用 户侧供给力；另一个是，在现有基础上，依托美团优选既有的仓配与供应链体系，深耕生鲜食杂这一高 频刚需品类，增强本地零售的"基础设施"。 升级的另一面，是资源的重新分配。起家于社区团购的美团优选将进一步转型升级，在优势区域集中资 源，释放组织与仓配效率。 值得注意的是，此次升级不仅着眼于国内市场，更明确提出走出去的出海目标：小象超市海外版 Keemart已率先登陆沙特，成为美团在全球零售市场的首个测试点。 有业内人士总结：调整社区团购的投入，加码即时零售的确定性增长，展望全球零售的未来增长。这次 零售升级的取舍节奏，也基本勾勒出美团"万亿零售"的战略主路径：聚焦高频、即时、确定性的本地零 售场景，在供需两端同步提效。 在消费结构持续变化、传统电商增长趋缓的背景下，美团此轮求变，是用有限的资源，聚焦确定性赛 道 ...

Core Insights - The establishment of the "Robot University" in Hefei marks a significant step towards developing intelligent robots from mere demonstrations to practical human assistants [1][3][5] - The initiative aims to create a comprehensive ecosystem for the intelligent robotics industry, integrating public services, incubation, investment funds, and demonstration scenarios [3][5][7] Group 1: Training and Development - The intelligent robotics public service platform consists of four main components: parts production, product testing, scenario training, and competitive events [3] - The pre-training facility spans 700 square meters and will expand to 5,000 square meters by the end of 2025, aiming to recruit over 20 intelligent robot companies and operate more than 100 robots across 30+ scenarios [3][5] - The training facility will deploy over 100 heterogeneous intelligent robot clusters, including humanoid service robots and wheeled robots, to facilitate real-time data collection and processing [5] Group 2: Industry Collaboration and Innovation - The collaboration between the International Advanced Technology Application Promotion Center and Hefei Yao Hai District aims to foster the development of the intelligent robotics industry [3][7] - Hefei's policies are designed to lower the barriers for companies by providing affordable access to computing power, scenarios, and anonymized data [7] - The training facility will implement a "same platform, same plan" mechanism with Shanghai to ensure data and training results are interconnected, promoting regional industrial integration [7]

Core Viewpoint - OpenAI's $6.5 billion acquisition of the "IO" project has led to a lawsuit from a startup named IYO, claiming trademark infringement and unfair competition due to similarities in product design and branding [2][22][44]. Group 1: Lawsuit Details - IYO, founded in 2018 from Alphabet's Google X, has invested $60 million to develop next-generation hardware that allows users to interact with devices without traditional interfaces [7][8]. - The lawsuit claims that OpenAI was aware of IYO's brand and products since at least 2022 and had multiple meetings with IYO's team, including discussions about potential collaboration [14][16]. - IYO's product, IYO ONE, is an audio-based device that uses voice commands for interaction, which closely resembles the functionality of OpenAI's IO project [10][22]. Group 2: Product Comparisons - IYO ONE features a unique design with 16 beamforming microphones and bone conduction technology, enabling immersive audio experiences and private voice interactions [25]. - The software applications of IYO ONE include real-time voice translation, smart noise cancellation, and an AI-driven music assistant, all coordinated by a natural language agent named SHELL [28][29]. - OpenAI's IO project, announced with high expectations, aims to redefine human-computer interaction without screens, echoing IYO's long-established concepts [32][35]. Group 3: Trademark and Branding Issues - IYO applied for the "IYO" trademark in September 2021, which was approved in June 2024, covering audio headphones and related electronic devices [36]. - The IO project was registered as a Delaware company in September 2023, with operations starting in April 2024, raising questions about the timeline of trademark awareness [37]. - IYO alleges that OpenAI's use of the "IO" name is likely to cause confusion in the market, impacting IYO's brand reputation and funding efforts [22][39]. Group 4: Legal Proceedings and Responses - Following the lawsuit, a temporary restraining order was issued, requiring OpenAI to remove promotional materials for the IO project [44]. - OpenAI's legal team has responded by denying IYO's claims and asserting that the use of the "IO" name was not malicious [46]. - The ongoing legal battle raises concerns about the future of both companies, with potential implications for product launches and market positioning [51].

房地产行业 | 证券研究报告 — 行业周报 2025 年 6 月 24 日 强于大市 房地产行业第 25 周周报（2025 年 6 月 14 日-2025 年 6 月 20 日） 本周楼市成交面积同比增速由正转负；多地优化公积金贷款 政策 新房、二手房成交面积环比均涨幅收窄、同比均由正转负。新房库存面积同环比均下降，去化 周期环比上升、同比下降。 核心观点 政策 地方层面，6 月 18 日，江苏省住建厅印发《江苏省住宅工程品质提升行动方案》，旨在提 升住宅工程品质。该方案提出"大力提升住宅工程实体质量、性能品质和居住体验，建设 经得起市场和时间检验的安全、舒适、绿色、智慧的'好房子'。至 2027 年底，行动各项 措施全面落地，长效工作机制形成，工程质量缺陷投诉数量下降 30%以上，住宅工程品质 明显提升"。此外，本周多地优化公积金贷款政策。6 月 17 日，浙江省直公积金中心提取 住房公积金直付购房首付款已正式上线，在杭州市区购房可用公积金个人账户余额直付首 付款。6 月 17 日，温州市公积金管理中心推出购买二手住房提取住房公积金支付首付款政 策。山东淄博 6 月 18 日上调公积金贷款额度，夫妻最高可贷 ...

据新乡化纤总工程师、白鹭新材料研究院院长谢跃亭介绍，项目应用张锁江院士团队研发的离子液体法 再生纤维素纤维全流程工艺，制备出全新概念的离子液体法再生纤维素长丝，实现了全流程废水、废 气、固废零排放，溶剂回收率高达99%以上。 "项目的成功是基础研究到工业应用的一次重大跃迁，突破百年来化学纺长丝窠臼，首次实现了千吨级 产业化。"中国科学院过程工程研究所聂毅说，自2018年与新乡化纤开展合作以来，这条从实验室基础 研究、小试、吨级到百吨级、千吨级工程落地的道路，成功验证了"产业立题、企业出题、人才答题、 科技解题"协同机制的强大生命力。"首赛尔纤维凭借其优异性能和环保基因，必将赢得市场青睐，引领 绿色消费风潮。"谈及未来规划，聂毅告诉记者，"万吨级生产线正在路上。" 《中国化工报》记者了解到，研发团队历经10余年持续攻关，解决了离子液体设计制备、纤维素溶解机 理及纺丝工艺、离子液体回收及系统集成等系列科技难题，最终形成离子液体溶解纤维素及绿色纺丝新 技术，历经小试、吨级、百吨级示范，设计建成了世界首套千吨级生产线并成功投产。 中国纺织工业联合会副会长端小平获悉项目顺利开车后表示，该项目在全球范围内首次实现了离子液 ...

Core Viewpoint - New Hope Investment Group is planning to transfer control of Feima International after holding it for three and a half years, with a state-owned company in Zhangzhou interested in taking over [1][2]. Group 1: Control Change - On June 23, Feima International announced that it received a notice from its indirect controlling shareholder, New Hope Investment Group, regarding an investment intention agreement with several parties, including a state-owned enterprise [2][3]. - The investment plan includes transferring 532 million unrestricted shares (approximately 20% of total shares) to the investment party or transferring all shares of a subsidiary, New Zengding, to the investment party [2][3]. Group 2: Performance Commitment - Feima International's main business includes "supply chain services + environmental new energy." After restructuring in 2021, New Zengding became the controlling shareholder, holding approximately 29.9% of Feima International's shares [4]. - As of March 31, 2025, New Zengding still holds about 796 million shares, representing 29.9% of the total shares [4]. - New Zengding committed to a net profit of no less than 570 million yuan for the years 2022, 2023, and 2024, but the actual net profit achieved was only about 133 million yuan, triggering a compensation obligation [4][5]. Group 3: Shareholder Meeting Outcomes - A proposal regarding the performance commitment was not approved at the annual shareholder meeting held on May 22, with 55.91% of votes against it [5][6]. - As of June 23, Feima International's stock price was 2.43 yuan per share, with a market capitalization of 6.47 billion yuan, and it reached a limit-up on June 24, closing at 2.67 yuan per share [6].

唐谭称新硬件不是入耳式设备也不是可穿戴设备 唐谭指出，该原型设备的设计尚未最终确定，距离公开宣传或上市销售至少还有一年的时间。 OpenAI与io联合开发的首款硬件设备至今仍是一个谜。奥特曼仅在收购io的视频中表示，这家创业公司 正在打造一系列具有不同功能的AI设备。艾维则表示，io的首个原型设备"彻底激发了"他的想象力。 OpenAI CEO奥特曼 凤凰网科技讯 北京时间6月24日，据科技网站TechCrunch报道，本月早些时候，OpenAI、乔纳森·艾维 (Jonathan Ive)旗下硬件公司io的律师提交的法律文件，披露了双方合作面向大众市场打造的AI硬件设备 的更多细节。 这些文件属于一起商标纠纷诉讼的一部分。该诉讼在本月由硬件创业公司iyO提起。该公司获得了谷歌 的投资，正在开发可连接其他设备的可定制成型耳机。上周末，为遵守法院命令，OpenAI撤下了与其 65亿美元收购io公司相关的宣传材料。OpenAI表示，正在对iyO提出的商标侵权指控进行抗辩。 根据iyO的诉讼文件，过去一年，OpenAI高管与目前在io工作的前苹果高管一直在深入研究入耳式硬件 设备。在6月12日的一份文件中，代表Ope ...

除了土地供应规模和土地供应结构对比去年出现变化，今年还新增"严守法规政策红线"小节，明确提出 了四条红线。包括：严格污染地块建设用地准入，严禁违规将未开展土地污染状况调查的地块及污染地 块供应为"一住两公"用地；严禁平台公司"托底拿地"虚增地方政府财政收入；严禁违规向个人出让住宅 用地；严禁违规开发建设别墅、"私家庄园"等。 克而瑞方面解读认为，长沙2025年供地计划呈现三大变化：一是总量控制趋紧，凸显"以人定房"导向； 二是供应节奏优化，分四次均衡推出住宅用地，避免优质地块集中入市，稳定市场预期；三是监管红线 收紧，严禁污染地块用于住宅开发、平台公司托底拿地等，强化土地市场规范性。 "从住宅市场看，土地供应的优化，或促使房企推出更多契合市场需求的产品。有望推动住宅产品向高 品质、低密度方向迭代升级，满足改善性住房需求，促进房地产市场的健康、良性发展。"克而瑞方面 表示。 与全国主要一二线城市情况相接近，当下长沙住宅用地市场也呈现核心区热度攀升、远郊冷热不均的分 化格局。 近日，长沙市自然资源和规划局印发《关于长沙市本级(六区)2025年度国有建设用地供应计划的公 告》，在严控供应总量的基础上，强调优化空间布 ...

导语：2025年6月23日，雅加达，印尼——智能出行科技品牌OMOWAY（目蔚科技）在印尼雅加达举 办品牌发布会，首次发布革命性产品——搭载全栈自研智能电动摩托原型车。如同电动汽车领域的颠覆 者，OMOWAY正以其前所未有的智能科技，为摩托出行市场注入"特斯拉式"的创新活力，引领东南亚 乃至全球城市出行的未来方向。 "我们不是简单地把汽车技术搬到摩托车上，"OMOWAY产品负责人解释道，"而是重新设计了适合摩托 车骑行的智能系统，解决传统摩托车骑行疲劳、安全防护缺失等痛点。各类辅助驾驶功能是为了让人更 轻松，更便捷，更安全地驾驶摩托车，让科技真正服务于骑行体验和安全。" 作为全球第三大，亚洲第一大摩托车市场，印尼24年摩托车保有量超过1.2亿，年销售达到600万辆。随 着印尼政府大力推行"电动化"政策，电动摩托车市场需求呈现近400%的爆炸式增长。"印尼的摩托车文 化深厚，本地化是我们的战略"，OMOWAY创始人何涛表示，"我们针对东南亚高温多雨环境创新了电 池组放置方式；依据当地人骑行习惯优化座高及载重设计。目前，当地生产及供应链已准备就绪，我们 也已与印尼多家经销商达成了战略合作意向。" 相关功能的量产车 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公佈之內容概不負責，對其準確性或完 整性亦不發表任何聲明，並明確表示概不會就因本公佈全部或任何部分內容而產生或因倚賴該等內 容而引致之任何損失承擔任何責任。 （於開曼群島註冊成立的有限公司） （股份代號：0151） 截至2025年3月31日止年度之全年業績公佈 財務摘要 | | | 截至3月31日止年度 | | | --- | --- | --- | --- | | | 2025年 | 2024年 | 變動 | | 主要收益表項目 | 人民幣千元 | 人民幣千元 | % | | 收益 | 23,510,737 | 23,586,327 | -0.3 | | 毛利 | 11,189,198 | 10,990,921 | +1.8 | | 營運利潤 | 5,837,435 | 5,609,825 | +4.1 | | 本公司權益持有人應佔利潤 | 4,335,565 | 3,990,474 | +8.6 | | 主要財務比率 | % | % | 個百分點 | | 毛利率 | 47.6 | 46.6 | +1.0 | | 營運利潤率 | 24.8 | 23.8 | ...