本文来自微信公众号： 新智元 ，编辑：桃子，原文标题：《AI杀死首个世界名校？全球TOP 3"翻译 界哈佛"倒闭，毕业校友成绝版》，题图来自：AI生成 如今，招生断崖式下跌，财务赤字压得喘不过气。 一夜之间，AI竟干掉了一所世界名校？ | 름 | Zack 【車牛版】 | | --- | --- | | | 市场做出了远谷 | | 请你吃瓜 | 前几天一个博士朋友告诉我,他们搞的几场顶级学 | | | 术会议,都是用AI口译服务了。 5与此同时,有的 | | | 地方还在强调"啥啥啥啥GPT能做吗""啥啥啥啥人工 | | 蒙特雷要倒闭了 | 智能可以识别出来吗"感 | | | 我不否认,在一些高端的应用场景,人工译员确实 | | | 是不可替代,但是,又有多少人能够拼杀到高端的 | | | 应用场景去呢,高端的应用场景又有多少增量呢 @ | | | 。咱们拼的是一个找到工作、职业晋升的概率,行 | | | 行出状元,并不是每个人都有运气和能力做到每一 | | | 行的"状元"的,也不是每一行的"状元"之位都是有 | 来源：小红书@Zack【重生版】 几天前，蒙特雷国际研究学院 （MIIS） 正式官宣，2027 ...

中新网浙江新闻9月5日电（奚金燕）9月5日，第八届浙江慈善大会在浙江省人民大会堂举行。由中国美 术学院教育基金会创立的"美美与共·国美共益平台"项目凭借其创新的"家族信托+慈善信托"双信托模 式、可持续的公益机制和显著、长期的社会效益，获评"第八届浙江慈善奖——慈善项目与慈善信托 奖"，引发业界关注。 "浙江慈善奖"是浙江省公益慈善领域的政府最高奖项，每三年举办一次，旨在评选和表彰在公益慈善领 域事迹突出或产生重大影响力的个人、机构和项目。 2021年5月20日，中共中央、国务院发布《支持浙江高质量发展建设共同富裕示范区的意见》，指出"探 索各类新型捐赠方式，鼓励设立慈善信托"。 据悉，此次获奖的"美美与共·国美共益平台"项目，不仅是一个项目，更是一场关于"如何让财富更有温 度"的社会实验。平台创新性地提出"家族信托+慈善信托"双轮驱动模式，引导浙商企业家、财富家族和 高净值人士，将私人财富通过信托架构实现保值增值与代际传承，同时以可持续捐赠的方式，年复一年 地注入慈善信托，长期支持浙江的文化艺术教育事业，助推浙江高质量发展建设共同富裕示范区和两个 文明建设。 图 从运行机制设计来看，"美美与共·国美共益平台 ...

Investment Rating - The report assigns an "Overweight" investment rating to the consumer services industry, indicating an expectation that the industry index will outperform the market index by more than 10% over the next six months [34]. Core Views - The consumer services sector has shown a continued upward trend, particularly in the hotel and restaurant segments, likely driven by a recovery in overall market risk appetite. Recent performance reports indicate stabilization in operational metrics for domestic leisure tourism hotels, reflecting an improvement in the economic environment and consumer spending willingness since September 2024. The increase in long-distance travel during the summer season has positively impacted the valuation of the tourism sector [34]. - The total cross-regional passenger flow during the summer transportation period reached 11.697 billion trips, a year-on-year increase of 7%. Among these, road trips accounted for 8.7 billion trips, representing 70% of the total [22][34]. - The report highlights that the overall consumer services industry valuation is expected to continue recovering, supported by enhanced market risk appetite and strengthened policy expectations. Future consumer promotion policies may further boost the sector's outlook [34]. Summary by Sections Market Review - From August 22 to September 4, 2025, the CITIC consumer services industry index rose by 0.89%, underperforming the CSI 300 index by approximately 0.91 percentage points. The increase was primarily driven by strong summer travel data and a recovery in market risk appetite [10][34]. - The tourism and hotel restaurant sectors continued to rise, while the education sector experienced a pullback. The performance of the consumer services sector was mixed, with 34 listed companies achieving positive returns, while 19 companies reported negative returns [11][15][34]. - The overall PE (TTM) for the CITIC consumer services industry was approximately 35.97 times, significantly higher than the previous quarter but still below the average valuation of 46.76 times since 2016 [17][34]. Industry News - Key industry news includes the release of the "2025 Summer Travel Market Report" by Ctrip, indicating that nearly half of domestic travelers opted for long-distance trips during the extended summer period, with a more rational consumption structure emerging [23][34]. - The report also notes that inbound travel orders are experiencing rapid growth, and outbound travel is also showing strong increases, with popular destinations primarily within a three-hour flight radius [23][34]. Company Announcements - The report includes significant announcements from various companies, such as Ctrip's second-quarter net profit of 4.8 billion yuan, reflecting a 16% year-on-year increase in net operating income [24][34]. - Other companies like Zhonggong Education and Shoulu Hotel reported varying financial performances, with some experiencing declines in net profits while others showed growth in revenue [27][28][30][32][33]. Weekly Perspective - The report emphasizes the potential for continued recovery in the consumer services industry, with specific companies recommended for attention, including Jinjiang Hotels, Changbai Mountain, and Emei Mountain A, among others [34][35][37].

证券之星消息，9月5日教育板块较上一交易日上涨1.81%，中国高科领涨。当日上证指数报收于 3812.51，上涨1.24%。深证成指报收于12590.56，上涨3.89%。教育板块个股涨跌见下表： 以上内容为证券之星据公开信息整理，由AI算法生成（网信算备310104345710301240019号），不构成投资建议。 | 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | --- | --- | --- | --- | --- | --- | | 300192 | 科德教育 | 19.73 | -0.60% | 34.91万 | 6.74亿 | | 000526 | 学大教育 | 47.77 | -0.15% | 2.19万 | 1.04亿 | | 603377 | ST东时 | 3.56 | 0.28% | 9.23万 | 3280.07万 | | 600661 | 昂立教育 | 10.75 | 0.56% | - 4.62万 | 4915.79万 | | 300010 | 豆神教育 | 8.14 | 0.74% | 63.50万 | 5.12亿 | | 600636 | ...

Core Viewpoint - The main issue in China's service consumption is the insufficient supply of high-quality services, prompting the Ministry of Commerce to introduce policies to enhance service supply capacity and stimulate new service consumption growth [1][2]. Policy Optimization - The Ministry of Commerce aims to increase high-quality service supply through "opening up externally and loosening restrictions internally," focusing on expanding pilot programs in telecommunications, healthcare, and education [2][3]. - Financial and tax support is identified as a crucial factor for boosting service exports, with a reported 12.2% year-on-year growth in service exports in Q1 2025, and a significant increase in knowledge-intensive service exports [2][3]. International Market Expansion - Service trade is becoming increasingly important, with service exports accounting for 11.5% of total exports in the first half of 2025, indicating a shift from being a "world factory" to a "world service provider" [4]. - The upcoming service trade fair in Beijing will showcase over 190 key achievements in service trade, aiming to enhance the quality of service imports and meet diverse consumer demands [4]. Service Consumption Growth - From 2020 to 2024, China's service consumption has grown rapidly, with per capita service consumption expenditure increasing by an average of 9.6% annually, contributing significantly to overall consumer spending [6]. - Service consumption is seen as a key area for boosting overall consumption, with potential to enhance the quality of life through increased spending in sectors like healthcare and elder care [6][7]. New Consumption Models - The Ministry of Commerce plans to support the development of new consumption models and scenarios, promoting activities that integrate commerce, tourism, culture, and sports to stimulate service consumption [5][6]. - By including various service sectors in subsidy systems, the government aims to alleviate consumer cost pressures and stimulate demand, thereby enhancing service supply and expanding the market [7].

牛市来了还没上车？上天天基金APP搜索777注册即可领500元券包，优选基金10元起投！限量发放！先到先得！ 北京时间9月4日晚， 美国8月ADP就业数据不及预期，推动美联储9月降息预期升温。从市场表现看，美股盘初纳指、标普500指数上涨；美国各期限国债 收益率多数下跌，10年期美债收益率盘中一度创出阶段新低。 | 名称 | 现价 | 涨跌幅 | | --- | --- | --- | | 水滴公司 | 1.870 | 5.06% | | WDH.N | | | | 诺亚控股 | 12.800 | 4.32% | | NOAH.N | | | | 天寒科技 | 26.220 | 1.47% | | HSAI.O | | | | 网班科技 | 1.810 | 1.11% | | NTCL.O | | | | 理想汽车 | 24.270 | 0.71% | | LI.O | | | | 雾芯科技 | 2.555 | 0.59% | | RLX.N | | | | 百度集团 | 96.850 | 0.47% | | BIDU.O | | | | 满帮集团 | 13.265 | 0.42% | | YMM.N | | ...

Core Viewpoint - The report indicates that while revenue growth in various sectors has improved in Q1 2025, profit margins have not increased, primarily due to intensified competition affecting profitability [1][2]. Group 1: Revenue and Profit Trends - The social services sector saw a revenue increase of 2.84% in Q2 2025, with a quarter-on-quarter improvement of 2.77 percentage points, attributed to a low base and stable demand [1]. - The retail sector experienced a revenue decline of 6.7% in Q2 2025, a narrowing drop compared to a 12.77% decline in Q1 2025 [1]. - Operating profit margins for the social services sector decreased to 7.61% in Q2 2025, down 0.84 percentage points quarter-on-quarter and 1.65 percentage points year-on-year [1]. Group 2: Sector-Specific Growth Opportunities - The brand retail and AI sectors are benefiting from multiple growth drivers, with the toy IP industry seeing significant momentum, particularly for Miniso, which is expected to focus on fewer but larger store openings to enhance profitability [2]. - The education sector is experiencing a normalization in high school supply and quality improvements, with a notable shift towards AI education by public examination companies [2]. - The smart glasses industry is witnessing rapid product iteration, although performance varies among companies, with Kangnait Optical continuing to show high growth while others like Doctor Glasses and Mingyue Lenses are slowing down [2]. Group 3: Travel and Retail Sector Dynamics - The hotel industry is seeing a reduction in demand decline in Q2 2025, driven by low base effects and operational strategy adjustments [3]. - Online Travel Agencies (OTAs) maintain a stable profit margin and are improving subsidy efficiency while investing overseas [3]. - The supermarket and department store sectors are undergoing significant adjustments, with supermarkets experiencing a revenue decline of 14.47% and continued pressure on profitability in department stores [3].

证券之星消息，9月4日教育板块较上一交易日下跌0.34%，豆神教育领跌。当日上证指数报收于 3765.88，下跌1.25%。深证成指报收于12118.7，下跌2.83%。教育板块个股涨跌见下表： | 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | | --- | --- | --- | --- | --- | --- | --- | | 602098 | 行动教育 | 36.33 | 3.18% | 2.15万 | > 7709.53万 | | | 002659 | 凯文教育 | 5.50 | 2.42% | 44.82万 | | 2.48亿 | | 600661 | 昂立教育 | 10.69 | 0.94% | 5.60万 | | 5987.54万 | | 300359 | 全通教育 | 5.81 | 0.17% | 13.55万 | | 7914.74万 | | 000526 | 学大教育 | 47.84 | 0.13% | 2.33万 | | 1.11亿 | | 300192 | 科德教育 | 19.85 | 0.05% | 44.44万 | | 260.6 | | ...

Core Viewpoint - The article discusses the concept of "original company trauma," highlighting the negative experiences young professionals often face in their first jobs, which can lead to long-lasting psychological impacts [5]. Group 1: Experiences of Original Company Trauma - Many young professionals enter their first jobs with unrealistic expectations, leading to confusion and potential psychological harm due to the stark differences between academic and corporate environments [5]. - Numerous stories shared by individuals illustrate various forms of trauma, such as excessive criticism, lack of support, and toxic work cultures that contribute to feelings of inadequacy and anxiety [7][9][11][15][17][19][21][23][33]. - The prevalence of toxic management practices, including manipulation and emotional abuse (PUA), is a common theme in these narratives, indicating a systemic issue within certain corporate cultures [11][15][41]. Group 2: Cultural and Structural Issues in Companies - The article highlights the detrimental effects of a culture that prioritizes overwork, such as the expectation to work long hours without regard for personal well-being, which can lead to burnout and mental health issues [17][21][22][41]. - There are accounts of companies implementing punitive measures for absenteeism, which can create a fear-based environment that discourages employees from taking necessary breaks or sick leave [17][19]. - The narratives also reflect a lack of accountability and support within organizations, where employees feel they are blamed for failures without constructive feedback or solutions [15][19][23]. Group 3: Positive Experiences and Reflections - Some individuals report positive experiences in their first jobs, emphasizing supportive environments that foster growth and healthy work relationships, contrasting sharply with the negative experiences shared by others [42][43][45]. - These positive accounts suggest that not all companies contribute to original company trauma, and that a nurturing workplace can significantly influence an employee's career trajectory and mental health [42][43][45].

智通财经APP获悉，国泰海通发布研报称，社服板块收入增速普遍环比25Q1改善，但利润未能提升， 竞争对利润率构成影响。品牌零售、AI及服务消费享受多重红利，高速增长。出行链旺季不旺但已在 底部，渠道调改等待业绩拐点，预计后续电商业关税扰动影响将逐步体现。该行推荐AI应用、新零售 与调改以及情绪与体验消费相关标的。 出行链旺季不旺但已在底部，渠道调改等待业绩拐点 ①酒店：需求端25Q2降幅环比收窄，低基数和运营策略调整共同驱动。开店节奏稳健，高于行业水 平，重启份额提升。架构战略调整，为新周期储备。②OTA格局好，利润稳健。继续提升补贴效率， take rate稳健，海外坚定投入。③景区及免税延续个股分化趋势，离岛降幅收窄，市内店加速落地。④ 超市和百货处于深度调改阶段，其中超市行业收入下滑14.47%，归母净利继续承压。百货2025Q2收入 业绩均继续承压，未见拐点。⑤跨境电商关税影响逐渐深化，低基数效应+抢运行为推动2025H1营收净 利增速提升。品牌跨境依然表现亮眼：吉宏股份、绿联科技、安克创新收入高增。预计后续关税扰动影 响将逐步体现。 风险提示：宏观经济波动对旅游消费需求影响，中小企业压缩差旅成本导致 ...