Core Viewpoint - PwC announced that Sichuan Ruijian Medical's financial statements are set to expire on December 31, 2024, leading the company to voluntarily suspend its subsequent listing review process with the Beijing Stock Exchange [1] Group 1 - Sichuan Ruijian Medical submitted an application to suspend its listing review process on September 26, 2025 [1] - The review status of the subsequent listing has been adjusted to "suspended" by the Beijing Stock Exchange [1] - On September 30, 2025, Sichuan Ruijian Medical received a second round inquiry letter regarding its public offering and listing application from the Beijing Stock Exchange [1] Group 2 - The subsequent listing and its review process have not been terminated, and related matters are still ongoing [1] - Sichuan Ruijian Medical's shares will continue to be suspended on the National Equities Exchange and Quotations system [1] - The company will issue further announcements in accordance with listing rules as necessary [1]

每经AI快讯，阳普医疗（SZ 300030，收盘价：7.67元）9月29日晚间发布公告称，公司审议通过了《关 于聘任周伟为公司副总经理的议案》。基于公司发展及实际工作需要，经公司控股股东珠海格力金融投 资管理有限公司推荐，代理总经理蒋广成先生提名、董事会提名委员会审核，董事会决定聘任周伟先生 担任公司副总经理。 2024年1至12月份，阳普医疗的营业收入构成为：工业占比99.18%，融资租赁占比0.82%。 截至发稿，阳普医疗市值为24亿元。 每经头条（nbdtoutiao）——农夫大战怡宝，抢到更多蛋糕的却是宗馥莉！农夫绿瓶上市后，怡宝上 演"滑铁卢"：市占率大跌近5个百分点 （记者 张明双） ...

Core Viewpoint - The article discusses the pitfalls of relying solely on Price-to-Earnings (PE) ratios for investment decisions, particularly in industry indices, and emphasizes the importance of combining PE with Price-to-Book (PB) ratios for more reliable investment timing and efficiency [5][6][29]. Group 1: PE Ratio Analysis - PE ratios can be misleading, especially in industry indices where profits are highly synchronized, leading to exaggerated fluctuations in PE during economic cycles [8][9]. - In broad indices, PE has more reference value due to smoother profit distributions, while in industry indices, profit volatility can distort the perceived value [8][9]. - The consumption electronics sector exemplifies the "profit decline, valuation distortion, profit recovery" cycle, illustrating how PE can mislead investors [10][23]. Group 2: Stages of PE Fluctuation - The first stage is the decline phase, where prices drop and PE decreases, creating an illusion of value, often leading to premature investments [13][15]. - The second stage is the bottoming phase, characterized by price stabilization and rising PE, which may deter investors despite being a potential entry point [19]. - The third stage is the reversal phase, where prices rise and PE stabilizes or decreases, indicating a "cheaper as it rises" scenario, as seen in the consumption electronics sector in 2024 [21][23]. Group 3: Importance of PB Ratio - PB ratio serves as a more stable indicator compared to PE, as it reflects the company's net asset value rather than fluctuating profits, making it a useful tool for assessing value during volatile periods [25][27]. - The combination of PE and PB ratios creates a "valuation temperature" that provides a more accurate assessment of an index's value, especially in cyclical industries [27]. - The methodology adjusts the weight of PE and PB based on the industry cycle, enhancing the reliability of the valuation approach [27]. Group 4: Conclusion - Investors should be cautious of relying solely on PE ratios, as they can create illusions of value during profit fluctuations. A multi-faceted approach using both PE and PB is recommended for a clearer understanding of true market value [29].

Core Viewpoint - The Ministry of Industry and Information Technology, along with five other departments, has released the "Mechanical Industry Growth Stabilization Work Plan (2025-2026)", focusing on fostering new demand and promoting various emerging economic sectors and applications [1] Group 1: New Economic Sectors - Development of new economic sectors such as the primary economy, ice and snow economy, silver economy, and smart tourism is emphasized [1] - Expansion of applications for service and special robots, elderly rehabilitation equipment, ice and snow equipment, cultural tourism equipment, educational equipment, and additive manufacturing equipment is encouraged [1] Group 2: Logistics and Smart Technology - Implementation of the "Action Plan for Effectively Reducing Logistics Costs" aims to accelerate the construction of smart logistics hubs and parks [1] - Development of "Artificial Intelligence + Modern Logistics" is promoted, including the use of unmanned vehicles, warehouses, and loading/unloading equipment [1] Group 3: Smart Agriculture - Encouragement for conducting unmanned agricultural operation trials to cultivate smart farms, pastures, and fishing grounds [1] - Promotion of intelligent power and agricultural machinery, including planting, harvesting, and facility horticulture equipment [1] Group 4: Medical Equipment - Launch of high-end medical equipment promotion actions to facilitate the integration of artificial intelligence with medical equipment [1] - Development of smart medical scenarios such as medical imaging assistance and remote consultations, along with the application of medical robots and health care equipment [1] Group 5: Green Transition - Focus on the comprehensive green transition of the economy and society, promoting energy-saving, environmental protection, clean production, and clean energy industries [1] - Development of green carbon reduction technology and equipment is aimed at driving the growth of these sectors [1]

Core Viewpoint - The implementation of 544 new standards in October 2025 aims to enhance quality, promote technological upgrades, and support green transformation across various key industries, including agriculture, environmental protection, healthcare, petrochemicals, electronics, transportation, and machinery [3][6]. Group 1: Agriculture, Forestry, Animal Husbandry, and Food - A total of 98 new standards focus on food safety, geographical indication product protection, and agricultural social services, highlighting the importance of food safety and traceability technologies [5]. - Specific standards include GB/T 22250-2025 for the determination of chlorogenic acid in health foods and GB/T 45884-2025 for identifying the origin of white tea using near-infrared spectroscopy [5]. Group 2: Environmental Protection - New environmental standards emphasize a green and low-carbon approach, addressing industrial wastewater treatment, greenhouse gas accounting, and air purifier energy efficiency [5]. - Key standards include GB/T 20483-2025 for monitoring land desertification and GB/T 36893-2024 for setting energy efficiency limits for air purifiers [9]. Group 3: Healthcare - The healthcare sector sees 69 new standards covering medical devices, biological testing, and AI applications in healthcare, promoting precision and intelligent development in medical equipment [5]. - Notable standards include GB/T 30658-2025 for prosthetics and orthotics and GB/T 44469-2024 for dental rotary instruments [10]. Group 4: Petrochemicals - The petrochemical industry will implement 23 new standards, focusing on materials and testing methods, such as GB/T 45475.1-2025 for plastic polyphenylene ether and GB/T 45464-2025 for testing the content of modified asphalt [11]. Group 5: Electronics and Electrical - The electronics sector will see 57 new standards, including GB/T 31379.1-2025 for testing methods of polarizers in flat panel displays and GB/T 45399-2025 for general technical requirements for hyper-converged systems [14]. Group 6: Transportation - The transportation industry will implement 46 new standards, including GB/T 45489-2025 for technical conditions of medium and low-speed maglev transportation and JT/T 1059.8-2025 for mobile payment technology in public transport [12]. Group 7: Machinery and Equipment - New standards in machinery and equipment focus on energy efficiency and safety management, promoting sustainable development across the industry [5][6].

Group 1 - The "Yingcai Ju Chang" campus recruitment event attracted 36 companies, including state-owned enterprises, listed companies, and unicorns, offering over 1,400 high-end positions at Peking University [1] - Changping District has enhanced its recruitment policies this year, providing a monthly living subsidy of 1,000 yuan for one year to master's graduates and offering free temporary housing for job seekers [1] - The event successfully attracted 260 job seekers, resulting in 78 preliminary employment intentions [1] Group 2 - The recruitment event featured innovative technology, allowing students to interact with job postings through a "touch" system that links to the "Jingchang Labor" mini-program for easy resume submission [2] - The "AI Smart Service Area" provided advanced employment services, including facial recognition resume generation and printing terminals [2] - Over seven years, the event has served nearly 300,000 graduates and young people, facilitating the release of over 58,000 job postings from more than 7,500 companies [2]

此次泰安高新区长三角优质产业项目对接会，是创新招商模式的重要举措，不仅展示了泰安高新区的产 业优势与发展机遇，更搭建了政企直接对话、高效对接的桥梁。下一步，泰安高新区将以此次活动为起 点，持续跟踪对接意向合作项目，优化招商服务，强化要素保障，推动更多长三角优质产业项目落地生 根，为打造现代化产业体系、实现高质量发展注入强劲动力。 近日，泰安高新区长三角优质产业项目对接会召开。此次会议聚焦长三角地区优质产业资源，搭建高效 对接平台。党工委副书记姚来新主持，来自长三角地区的11家重点企业客商代表受邀参会。 会上，泰安高新发展（000628）集团负责人围绕高新区产业布局、园区载体、服务保障等方面作推介， 详细介绍了泰安高新区在输变电及电线电缆、汽车及机械装备制造、新能源新材料等六大产业链的发展 优势，重点解读了人才引进、要素保障等方面的政策，充分展现了泰安高新区招商引资的诚意与实力。 在交流座谈环节，长三角客商代表结合自身企业发展方向与投资需求，与高新区进行了精准对接，达成 5项合作意向，为后续深入合作奠定了坚实基础。其中，清研锐为轨道交通基地项目，临氪医疗麻醉制 剂及医疗设备项目、山东康沃甲醇新能源项目相关企业均 ...

说起中美经济，总让人觉得像在比谁的钱包鼓囊囊，可一深挖，就发现数字背后藏着不少弯弯绕。2024年，美国GDP折合美元是29.1万亿，中国则是18.94万 亿，差距足足10万亿出头。 这数字一看，美国稳坐头把交椅，可要是换个角度，用购买力平价算账，情况就翻转了。中国早在2014年就靠这个方法超过美国，到2025年，国际货币基金 组织的预测显示，中国PPP GDP份额占全球19.68%，美国才14.75%，领先幅度拉大到10.2万国际美元。 为啥会有这种差距？汇率功不可没。2024年，人民币对美元平均汇率在7.1左右晃荡，比前几年弱了点，主要因为美联储加息，美元硬邦邦地顶上来。中国 出口企业咬牙顶着，贸易顺差还是创了纪录，近1万亿美元。 可这顺差在美元计价下，显得中国总量被压低了。要是回想2022年汇率那会儿，差距没这么夸张。现在呢，美国通胀率3.2%，中国控制在0.9%，物价稳稳 的，中国居民买东西实际能力强多了。世界银行的数据也摆在那，2024年中国PPP GDP是30.3万国际美元，美国25.4万，实体消费力不是吹的。 再说计算口径，这也挺有门道。中国侧重生产法，盯着实打实的工厂输出，2024年制造业增加值 ...

评委代表李建军。 他提到，自己做了将近20年的投资，发现科技领域的投资确实需要耐心，要有长期发展的眼光，"希望 投资机构能更多关注科技成果转化原始创新阶段"。"而粤港澳大湾区创业大赛提供了完整的服务，让科 技成果产业能规模化发展、百花齐放。" "粤港澳大湾区创业大赛办得非常出色，希望这个比赛成为科创标杆赛事。"李建军说道。 南都讯 湾创未来，粤聚英才。9月27日，粤港澳大湾区创业大赛闭幕式在广东省佛山市举行。人工智能 与机器人、集成电路与低空经济、医药健康与生物制造、食品科技与现代农业、现代服务与文化创意五 大赛道，分别产生特等奖2名、金奖4名、银奖6名、铜奖8名，奖金分别为25万元、10万元、8万元和5万 元。 粤港澳大湾区创业大赛闭幕式在广东省佛山市举行。 湾区之夜，星光璀璨。闭幕式上，赛事回顾视频勾勒出大赛一路走来的精彩瞬间。 "看到越来越多科技项目涌现出来，我非常高兴。"在项目点评环节，评委代表李建军表示，能进入决赛 的项目都非常优秀。绝大部分项目都专注于关键领域的攻克与突破，聚焦于"卡脖子"技术的解决。 活动现场气氛热烈，来自粤、港、澳及省外的优秀项目代表登台路演。他们通过生动的演示与清晰的讲 解， ...

Core Insights - Data is recognized as the fifth production factor, with its value extraction process being more complex than traditional production factors due to its non-competitive, replicable, and infinite growth characteristics [1] - The development of a market-oriented system, represented by local data trading institutions and data merchants, is becoming the core driver for the growth of the data factor market [1][2] - The establishment of a clear policy framework and implementation path is crucial for enhancing the value of data elements, aiming for a well-functioning ecosystem of data supply and usage [1][4] Current Situation Analysis - The data factor market system is gradually improving, driven by policy guidance and industrial construction, focusing on data, technology, and infrastructure [2] - The digital economy's core industries are becoming significant drivers for the overall economic development in China, with the data factor market expected to grow at a compound annual growth rate (CAGR) of approximately 20.26% to exceed 300 billion by 2028 [6] Policy Analysis - The improvement of the policy framework for the data industry value chain and the establishment of local data systems are essential for the circulation of data factor value [4] Market Size Calculation - China's digital economy has grown from 27.2 trillion in 2017 to 53.9 trillion in 2023, with a CAGR of about 12.07% [6] - The data processing segment, focusing on data processing and analysis, is expected to become the largest sub-industry within the data factor market, reaching approximately 144 billion by 2028 [6] Data Value Chain Circulation - The establishment of a data ownership system based on the "Data Twenty Articles" is crucial for ensuring efficient circulation of data value [11] - Data registration is essential for asset ownership division and promoting data value release, with a "1+3" policy framework guiding public data resource management [13] - The data valuation policy framework is becoming more refined, with public data resource quantification standards emerging as important benchmarks [16] Capitalization of Data Assets - The entry of data assets into financial statements marks a significant step in the capitalization of data elements, with regulations coming into effect in 2024 [19] - The market for data asset transactions is characterized by a "cold inside, hot outside" distribution pattern, with off-market transactions dominating due to their flexibility and customization [21] Industry Practices - The financial sector is expected to see a CAGR of approximately 19.06%, reaching over 100 billion by 2028, driven by the integration of diverse data [30][31] - The industrial manufacturing sector is projected to grow at a CAGR of about 24.22%, with a focus on high-quality data sets and trusted data spaces [34] - The healthcare sector's data element scale is expected to grow steadily, with a CAGR of about 23.69%, emphasizing the importance of data compliance and security [36] Trends - High-quality data sets are becoming key to driving the artificial intelligence industry, with a shift from "single-point breakthroughs" to "holistic development" [39][40] - The construction of trusted data spaces will be crucial for ensuring the circulation and high-value application of data elements [42]