国产GPU大厂IPO正在提速。 近期，国产GPU四小龙摩尔线程、沐曦先后完成了IPO辅导，距离申报只有临门一脚。壁仞科技、燧原 科技则仍处于IPO辅导阶段。 在这一过程中，同是GPU大厂的格兰菲智能科技股份有限公司（下称"格兰菲"）略显低调，但其早已在 今年2月启动IPO辅导。 分拆后，兆芯集成不再是格兰菲的控股股东，目前以27.44%的持股比例位居第一大股东之位，作为第 二大股东的员工持股平台比例为18.87%；明星投资机构云锋基金、君联资本等均参投了格兰菲。 值得一提的是，格兰菲产品已能够兼容市场上各类国产CPU，并形成一定的收入规模，但仍未摆脱亏 损的局面。 作为格兰菲的第一大股东便是国产六大CPU大厂之一的上海兆芯集成电路股份有限公司（下称"兆芯集 成"），近期刚向上交所递交了科创板IPO申请。 随着此次兆芯集成招股书的披露，外界得以感知格兰菲的成色。 格兰菲曾是兆芯集成旗下负责GPU的部门。 但随着独立显卡的需求增长，兆芯集成便于2020年6月分拆GPU业务至格兰菲，以实现集成显卡、独立 显卡产品能够独立面向市场的目标。 截至2024年末，格兰菲的未经审计总资产、净资产分别为8.19亿元、6.65亿 ...

1. 《招商 A 股流动性研究体系与 流动性指数——A 股市流动性研 究之四》，2016 年 8 月 2. 《A 股机构投资者全景图—股 票市场 SCP 范式研究之一》， 2017 年 10 月 3. 《融资资金延续净流入，政府 债券贡献社融主要增量——金融 市 场 流 动 性 与 监 管 动 态 周 报 （0617）》 证券研究报告 | 策略研究 2025 年 06 月 25 日 ETF 转为净流入、美联储维持利率不变 ——金融市场流动性与监管动态周报（0625） 上周二级市场可跟踪资金转为净流入，其中 ETF 净流入、融资资金净卖出。海 外方面美联储如期继续暂停降息，并且仍保持年内两次降息预期，但内部分歧 加大。关于经济预期方面，继续上调失业率预期和通胀预期，下调 GDP 预期， 显示出关税政策影响下的滞胀风险。同时鲍威尔表示不排除提前降息可能性， 需要高度关注 6、7 月份经济数据。 专题报告 相关报告 图 1：大类资产表现：美股>A 股>港股 王德健 研究助理 wangdejian@cmschina.com.cn 敬请阅读末页的重要说明 ❑ 近期美联储动态：美联储召开 6 月议息会议，如期继续暂停降息 ...

证券代码：301608 证券简称：博实结 深圳市博实结科技股份有限公司 投资者关系活动记录表 编号：2025-020 投资者关系活动 类别 □特定对象调研 □分析师会议 □媒体采访 □新闻发布会 □现场参观 □业绩说明会 □路演活动 ☑其他 券商策略会 参与单位名称 参加长江证券策略会的投资者 时间 2025 年 6 月 25 日 地点 深圳四季酒店（现场会议） 上市公司接待人 员姓名 副总经理、董事会秘书向碧琼女士 董事、财务总监 雷金华先生 证券事务代表 王占超先生 投资者关系活动 主要内容介绍 一、基本情况介绍 公司是专业从事物联网智能化产品的研发、生产和销售的高 新技术企业、专精特新"小巨人"企业，以通信、定位、AI等技 术应用为核心，基于自研无线通信模组，为物联网众多应用场景 提供智能终端产品及配套解决方案。 公司始终秉承"智慧赋能万物，共创美好未来"的使命，坚 持"成就客户、创新驱动、博大务实、品质至上"的经营理念， 依托"通信+定位+AI"底层核心技术与"模组+平台+终端"业务 模式，深耕车联网，广泛布局物联网，致力于成为全球的物联网 智能化应用解决方案专家。 2024 年度，公司实现营业收入 ...

证券代码：200468 证券简称：宁通信 B 南京普天通信股份有限公司 | 能化系列产品的设计开发、生产及系统集成、技术推广， | | --- | | 是安全高效的网络物理连接和楼宇智能化系统解决方案 | | 提供商。 | | 随着数据中心和云计算扩张推动光纤布线普及，以及 | | "东数西算"工程优化布局，无线技术如 Wi-Fi6 和 5G 集 | | 成发展迅速、超大型数据中心布线需求激增，高速光纤和 | | 智能管理系统成主流，为公司综合布线、数据中心配套等 | | 产品提供新机遇和更广阔的市场需求。 | | 智能布线主要产品有铜缆布线系统，可提供 5 类、6 | | 类、超 6 类、8 类等不同等级的布线系统，最高支持 400G | | 高速数据传输系统，以及 B1 级高阻燃电缆；光缆布线系 | | 统涵盖全光网布线系统、数据中心 400G 以上高带宽预端 | | 接光布线系统以及光配线系统和光缆线路自动侦测系统； | | 智能布线系统支持铜缆与光缆系统，全面自主研发，软、 | | 硬件系统全面国产化，自主可控；光布线系统在适应物联 | | 网、虚拟现实、人工智能、5G 等新技术对传输距离远、传 | ...

Q3 2021 CONFIDENTIAL INVESTOR PRESENTATION Spring 2022 NASDAQ: PIK Disclaimer The information set forth herein contains statements that constitute "forward-looking statements" within the federal securities laws, including The Private Securities Litigation Reform Act of 1995, which provide a safe-harbor for forward-looking statements. In particular, when used in the preceding discussion, the words "may," "could," "expect," "intend," "plan," "seek," "anticipate," "believe," "estimate," "predict," "potential," ...

Advancing Care for Underserved Neurological and Rare Diseases R&D Day • New York City June 25, 2025 © 2025 Acadia Pharmaceuticals Inc. All rights reserved. Catherine Owen Adams CEO Opening Remarks Forward-Looking Statements This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include all statements other than statements of historical fact and can be identified by terms such as "may," "will," "should," "co ...

Investor Presentation May 2025 Forward-Looking Statements This presentation contains certain statements that are, or may be deemed to be, forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may include, but are not limited to, discussions of Reliance's industry and end markets, business strategies, acquisitions, and expectations concerning the Company's future growth and profitability and its ability to generate industry leading r ...

Core Viewpoint - Beeline Holdings, Inc. is pioneering a title platform for lenders that utilizes stable coins to enhance liquidity in residential real estate transactions, marking a significant advancement in blockchain-driven real estate finance [1][4]. Group 1: Company Developments - Beeline Title has successfully closed a residential real estate transaction funded through a cryptocurrency token backed by real property, indicating a major milestone in integrating decentralized finance with traditional title services [1]. - The company plans to launch a Fractional Sale of equity product leveraging the crypto ecosystem in August 2025, with Beeline Title providing title and closing services for these transactions [2]. - Beeline Title aims to open its platform to all mortgage lenders, offering a solution for cryptocurrency token transaction reconciliation, compliance, and disbursement [3]. Group 2: Leadership and Expertise - Nick Liuzza, CEO of Beeline Holdings, emphasizes the need for a title company that understands blockchain transactions and has the necessary infrastructure to comply with regulations for these models to function at scale [2]. - The team behind Beeline Title previously built Linear Title, one of the largest privately held title agencies in the U.S., closing over one million title transactions across all 50 states through 2019, showcasing their extensive experience in the field [4]. Group 3: Industry Positioning - As cryptocurrency adoption increases and becomes regulated, Beeline is positioning itself as a leader in the evolving ecosystem, providing trusted infrastructure to help lenders integrate crypto with compliance [4]. - Beeline Financial Holdings, Inc. is transforming property financing through its digital, AI-powered platform, aiming to streamline the mortgage origination process with speed and transparency [5].

Core Insights - Silo Pharma has entered into a non-binding letter of intent to form a 50:50 joint venture with Hoth Therapeutics to develop a treatment for obesity and metabolic diseases based on technology licensed from the U.S. Department of Veterans Affairs [1][3] - The joint venture aims to leverage a novel therapeutic platform centered on glial cell line-derived neurotrophic factor (GDNF), which has shown anti-obesity effects in preclinical models [2][4] - The obesity market is valued at approximately $16 billion, with the potential for significant impact on veterans and civilians suffering from metabolic disorders [3][4] Unmet Need - Over 40% of U.S. adults are affected by obesity, which is a leading risk factor for various health issues, including diabetes and cardiovascular disease [4] - Veterans face unique challenges related to obesity, including chronic inflammation and PTSD-related metabolic disruptions, highlighting the need for effective treatments [4] Strategic Alignment - The partnership will utilize the exclusive U.S. license from the Department of Veterans Affairs, ensuring comprehensive coverage for all fields of use [7] - The joint venture structure allows for equal equity and governance participation between Silo Pharma and Hoth Therapeutics [7] - The collaboration combines the clinical infrastructure of the VA, Hoth's regulatory expertise, and Silo's translational capabilities [8]

每经记者｜兰素英 郑雨航 每经编辑｜易启江 王嘉琦 对于普通登山运动员来说，攀登珠峰顶通常要用40~45天。需要长时间的高海拔拉练和在冰川营地间往返训练，让身体先适应六七千米的海拔高度。 最近，有人靠着价值124万元的氙气"外挂"，仅用了4天18小时，就成功登上珠峰顶，创造了新的纪录。此举在登山界掀起了轩然大波，不仅没有获得满堂 彩，反而成为众多登山爱好者和从业者强烈抨击的对象。 借助氙气疗法征服珠峰，到底是登山精神的消亡，还是科技进化的必然？参加氙气疗法究竟是什么体验？背后还有哪些争议？《每日经济新闻》记者（简 称每经记者）找到了当事人，力求真实还原这一事件。 1 4天18小时的"不可能任务" 英国老兵如何"闪登"珠峰？ 当资深登山者陈涛（业界人称"强子"）带领他的队伍从海拔8848.86米的珠穆朗玛峰顶安全撤下后两天，5月21日上午7点10分，一支英国登山队也站上了 世界之巅。 他们于5月16日从海拔仅24米的伦敦希思罗机场启程，到世界之巅，全程耗时约4天18小时。这一速度，刷新了人们对于珠峰攀登周期的固有认知，也让在 大本营通过直播屏幕目睹这一幕的强子脱口而出两个字："震撼！" 这趟注定载入珠峰攀登史册 ...