Group 1 - The core theme of the articles highlights China's economic resilience and innovation as it transitions towards high-quality development, with a focus on technology, advanced manufacturing, and modern infrastructure [1] - In 2025, effective investments are increasingly directed towards key areas such as technology, advanced manufacturing, modern infrastructure, and public welfare, with consumer spending playing a stabilizing role [1] - The integration of artificial intelligence (AI) into various sectors is emphasized, with China positioning itself as a key player in the global AI landscape through policy guidance and market scale [1] Group 2 - The eighth "New Award" list has been launched, showcasing over a hundred companies that exemplify resilience and innovation in the current economic climate [2] - The awards recognize various categories, including new consumption, AI interaction innovation, user experience, and investment potential, highlighting the diverse landscape of emerging companies [3][5] - Notable companies and individuals are acknowledged for their contributions to innovation and market development, reflecting the dynamic nature of the Chinese economy [7]

日前，苹果公司宣布：为提升广告主投放效率，将于2026年起在App Store搜索结果页面增设更多广告位。 这是苹果公司进一步增进App Store吸金能力的最新动作，这也将这打破当前App Store仅顶部展示1条广告的限制。 苹果表示新增广告位将位于搜索结果列表中下部，并以"蓝色广告标签"明确标识。 但这步棋于苹果而言，却需要把握好商业利益获取与用户体验、社区公平之间的危险平衡。 一、App Store竞价广告，一门几乎躺赚的好生意 于现实而言：以苹果高达数十亿的设备规模而言，现在进一步开放对众多用户而言的应用唯一应用下载渠道——App Store的广告位，毫无疑问将进一步 提升App Store的吸金能力，自然是一门一本万利、躺着赚钱的好生意。 这于进一步增进服务营收而言，是大有裨益。 那么此后用户在搜索之后，误下载应用的可能性是否会进一步提升，甚至有没有可能会出现李逵与李鬼的闹剧？又是否会让那些因iOS系统安全、纯净、 无广告而选择苹果的用户感到失望？ 如我们所见：由订阅服务（Apple One）、广告收入（Apple 搜寻引擎与 App Store）与手续费收入（App Store）所组成的服务营收 ...

Group 1 - The core viewpoint of the article is that 博思软件 has established a branch in Hainan, engaging in various business activities related to financial electronic invoices, performance evaluation, and digital procurement [1] - 博思软件's clients in Hainan include government finance departments, hospitals, and other administrative and public institutions [1] - The company expresses gratitude for investor interest in its operations in Hainan [1]

Core Viewpoint - The article explores the evolving needs of young users regarding mobile applications, emphasizing the importance of app performance, user experience, and the integration of features within the HarmonyOS ecosystem [2][68]. Group 1: Young Users' App Preferences - Young users primarily engage with social communication, audio-visual entertainment, and practical tools, which form the core of their online activities [7]. - The top three app types used by young people are social communication (91.8%), audio-visual entertainment (77.2%), and practical tools (39.3%) [9]. - The key factors influencing app experience for young users include overall fluidity (74.0%), stability (71.2%), and functionality completeness (62.6%) [10][12]. Group 2: HarmonyOS Ecosystem Development - As of December 22, the HarmonyOS ecosystem has over 350,000 applications and services, covering various categories essential for daily use [15]. - Major partnerships with Tencent and Alibaba have led to significant app adaptations, with over 60 Tencent products and all major Alibaba apps striving for 100% compatibility [16]. - By the end of 2025, the adaptation rate of the HarmonyOS ecosystem is expected to exceed 95% [17]. Group 3: User Experience and Feedback - Users express a preference for core functionalities to be well-developed and lightweight, indicating a trend towards minimalism in app design [25][26]. - Over 70% of young users support the idea of apps having integrated features optimized for specific system ecosystems, highlighting a desire for enhanced functionality [29][30]. - Feedback indicates that 57.1% of users feel HarmonyOS applications provide stronger privacy and security, while 50% appreciate better overall fluidity [54][55]. Group 4: Future Expectations and Trends - A significant portion of young users (38.4%) is willing to try the HarmonyOS, with 43.8% expressing interest in observing its development [69][70]. - Users expect more lightweight usage methods and seamless integration of features across applications, reflecting a desire for efficiency and ease of use [72]. - The article concludes that the ongoing evolution of the HarmonyOS ecosystem is driven by user feedback and the need for a more refined app experience, indicating a promising future for the platform [75].

证券研究报告 | 策略报告 gszqdatemark 2025 12 22 年 月 日 投资策略 跨年行情的复盘与展望 一、策略专题：跨年行情的复盘与展望 回顾过去 10 年出现过的跨年行情，指数层面主要有以下结论： （1）跨年行情并非确定性事件，过去 10 年共出现过 5 次跨年行情，出现 概率仅 50%。 （2）宏观经济情况大概率不影响跨年行情的出现，历史上 5 次跨年行情 中，有 2 次处于宏观经济较好的阶段（2018 年、2021 年），而 3 次则处 于基本面偏弱的阶段（2019 年、2020 年、2023 年）。 （3）流动性宽松与叙事积极变化可能是跨年行情的重要条件：5 次中有 3 次都处于宏观流动性宽松阶段，包括 2019 年、2023 年的央行全面降准与 2020 年的海外美联储降息，此外 2021 年也明确政策操作"不急转弯"； 5 次中有 4 次都出现了重要的叙事变化，2019 年、2020 年处于中美经贸 关系的改善阶段，2021 年拜登当选美国总统，同样指向中美经贸关系恶 化风险的减弱，2023 年防疫政策的逐渐优化提振了国内经济增长信心； 此外，股市流动性也形成助力，2021 年公 ...

Group 1 - The core point of the article is that Bosi Software has established a branch in Hainan, engaging in various business activities including financial electronic invoices, performance evaluation, and digital procurement [1] - The company serves clients such as finance departments, hospitals, and other administrative institutions [1]

责任编辑：宋雅芳 新浪科技讯 12月23日上午消息，钉钉今日召开AI钉钉1.1新品发布暨生态大会，将一次性发布20+款AI 新品，其中包括企业级AI硬件DingTalk Real。这是继8月AI钉钉1.0发布后，钉钉时隔四个月再次公布AI 进展。 新浪科技讯 12月23日上午消息，钉钉今日召开AI钉钉1.1新品发布暨生态大会，将一次性发布20+款AI 新品，其中包括企业级AI硬件DingTalk Real。这是继8月AI钉钉1.0发布后，钉钉时隔四个月再次公布AI 进展。 责任编辑：宋雅芳 ...

Group 1 - The core market performance shows the Dow Jones Industrial Average increased by 0.47%, the S&P 500 rose by 0.6%, and the Nasdaq Composite gained 0.5% [1] - Oracle (ORCL.N) saw a rise of 3%, while Nvidia (NVDA.O) and Tesla (TSLA.O) both increased by over 1% [1] - The Nasdaq China Golden Dragon Index increased by 0.58%, with iQIYI (IQ.O) rising nearly 3% and Bilibili (BILI.O) up by 1.5% [1] Group 2 - Trump Media & Technology Group (DJT.O) experienced a significant decline, dropping over 10% [1]

当地时间周一，美联储理事斯蒂芬·米兰在接受采访时表示，如果美联储明年不继续降息，可能面临引 发经济衰退的风险。他还表示，预计短期内不会出现经济下行，但失业率上升应促使美联储官员继续降 息。 欧洲三大股指12月22日集体收跌。英国伦敦股市《金融时报》100种股票平均价格指数22日报收于 9865.97点，较前一交易日下跌31.45点，跌幅为0.32%。法国巴黎股市CAC40指数报收于8121.07点，较 前一交易日下跌30.31点，跌幅为0.37%；德国法兰克福股市DAX指数报收于24283.97点，较前一交易日 下跌4.43点，跌幅为0.02%。 黄金白银再创新高。12月22日，伦敦现货黄金历史首次站上4400美元/盎司，年内累计涨近68%。伦敦 现货白银同样刷新历史新高，盘中首次站上69美元/盎司，年内累涨近139%。12月23日，黄金、白银价 格持续上涨，截至北京时间8时07分，伦敦现货报4464.655美元/盎司，日内涨0.48%；伦敦银现报69.167 美元/盎司，日内涨0.19%。 【国际宏观】 投资者持续关注美联储下一任主席的提名之争。据CNBC报道，美国总统特朗普可能在明年1月第一周 任命新的美 ...

Group 1 - The mid-term direction of US Treasury yields is relatively clear, with a downward trend expected, although supply pressure may persist in the bond market [1][27] - The Hong Kong stock market is expected to experience short-term volatility, influenced by overseas liquidity and seasonal factors, with limited support from southbound capital [1][22] - Gold prices have absorbed much negative sentiment after a month of consolidation, maintaining an optimistic outlook due to clear long-term fundamentals [1][33] Group 2 - The US stock market showed mixed performance, with fluctuations driven by AI narratives and economic data, leading to increased expectations for interest rate cuts in 2026 [2][4] - The Indian stock market is in a state of low trading volume and lacks clear direction, with investors awaiting upcoming Q3 earnings and policy announcements [8][10] - Japanese stocks are under pressure due to conflicting macro policies, with the Bank of Japan's tightening measures impacting market sentiment [12][14] Group 3 - The domestic bond market is experiencing fluctuations due to weak economic data and expectations of interest rate cuts, with a focus on the impact of upcoming policies [29][30] - Oil prices are experiencing wide fluctuations due to geopolitical tensions and supply chain disruptions, with demand concerns remaining a significant factor [36][37]