Group 1 - The core point of the article is that Dingxin Communications has completed a share reduction plan by its director, Mr. Fan Jianhua, who has sold a total of 2 million shares through centralized bidding, with the plan set to conclude by December 8, 2025 [1] - As of the report, Dingxin Communications has a market capitalization of 5.2 billion yuan [1] - The revenue composition for Dingxin Communications in 2024 is as follows: Power electronics accounts for 77.21%, fire electronics for 15.81%, other businesses for 4.54%, and labor services for 2.44% [1]

截至发稿，*ST波导市值为31亿元。 每经头条（nbdtoutiao）——处方药变"瘾品"：国内首次报告普瑞巴林滥用致成瘾病例，网络平台暴 露"无病历可购药"漏洞，列管与否尚需科学考量 每经AI快讯，*ST波导（SH 600130，收盘价：4.11元）12月9日晚间发布公告称，公司第九届第十五次 董事会会议于2025年12月8日通过通讯表决方式召开。会议审议了《关于全资子公司随州波导电子有限 公司所属部分土地收储的议案》等文件。 2025年1至6月份，*ST波导的营业收入构成为：手机及配件占比34.52%，车载中控板占比25.76%，智能 设备占比22.31%，其他占比14.48%，其他业务占比2.93%。 （记者 曾健辉） ...

Core Insights - The article highlights the investment journey of Bruce, who transitioned from logistics to successful investing, emphasizing the importance of understanding industry dynamics and business models rather than relying on insider information or complex calculations [3][16]. Investment Strategy - Bruce's initial investment phase focused on an "industry perspective," where he identified opportunities in the supply chain of Apple, specifically investing in GoerTek, which was involved in producing components for Apple's Bluetooth devices [5]. - His investment logic evolved to prioritize "good business models," leading to investments in Changjiang Electric Power and Kweichow Moutai, both characterized by stability and long-term profitability [7][12]. Business Model Analysis - Changjiang Electric Power benefits from low operational costs due to its water source and full consumption of generated power, representing a "lazy profit" business model [9]. - Kweichow Moutai's investment was based on the belief that the demand for premium liquor would persist despite short-term market fluctuations, driven by cultural consumption habits in China [12]. Investment Philosophy - Bruce's approach emphasizes a focus on the underlying business rather than short-term market movements, aligning with the principles of value investing [16][17]. - The article suggests that for individual investors, understanding the industry and business model, coupled with a "prioritize not losing money" mindset, can lead to long-term success [16]. Conclusion - Bruce's investment evolution illustrates a clear path from leveraging industry experience to making informed judgments based on business logic, ultimately fostering a focus on company quality over short-term volatility [17].

转自：中国质量报 同时，可持续社会价值生态圈的3家轮值主席单位伊利集团、腾讯集团、联想集团，共同发布了可持续社会价值生态圈的3项 联合计划——深根者计划、伊心向阳志愿者计划、智享银龄计划。 伊利提出的"生态解法"，是其过去多年在可持续供应链、社会价值协同与数字公益领域持续探索后的系统总结。在产业链生态 领域，伊利早在2022年就发布了中国食品行业第一个"双碳"目标及路线图。同时，伊利牵头成立的"零碳联盟"已扩容至154家 核心企业，90%完成低碳转型；全球低水足迹倡议联盟已汇聚了60家全球伙伴。 作为本届大会最受关注的论坛之一，"生态——社会创新的新基座"主题平行论坛由《中国慈善家》杂志、可持续社会价值生态 圈、腾讯SSV联合主办，《中国慈善家》影响力慈善研究院承办，伊利集团（以下简称"伊利"）可持续和社会价值副总裁、可 持续社会价值生态圈轮值主席乔璐担任主持。论坛以更系统、更前沿的视角剖析当下社会价值创新的痛点，并发布伊利面向 未来的系统性可持续解决方案——"生态解法"。 在全球可持续发展与社会创新面临深刻变革的今天，这一解法不仅回应了技术变迁、系统问题与协同治理的新挑战，也展示 了中国企业在全球社会价值领 ...

中国经济网北京12月9日讯 中证指数有限公司2025年11月28日发布关于沪深300、中证500、中证 1000、中证A500等指数定期调整结果的公告。根据指数规则，经指数专家委员会审议，中证指数有限公司 决定调整沪深300、中证500、中证1000、中证A50、中证A100、中证A500等指数样本，于2025年12月12日 收市后生效。其中沪深300指数更换11只样本，中证500指数更换50只样本，中证1000指数更换100只样 本，中证A50指数更换4只样本，中证A100指数更换6只样本，中证A500指数更换20只样本。 2024年，利亚德实现营业收入71.5亿元，同比下降6.11%；归母净利润亏损8.89亿元，上年同期盈利 2.86亿元；扣非净利润亏损9.36亿元，上年同期盈利1.9亿元；经营活动产生的现金流量净额为6.68亿元， 同比下降25.32%。 2025年前三季度，利亚德实现营业收入53.02亿元，同比下降2.98%；归母净利润2.79亿元，同比增长 53.71%；扣非净利润2.32亿元，同比增长65.95%；经营活动产生的现金流量净额为5.79亿元，同比增长 107.46%。 (责任编辑：华 ...

Group 1 - Company signed a final agreement to acquire shares and other equity securities of Finnish AR diffraction waveguide technology leader Dispelix Oy, with the transaction expected to be completed in the first half of 2026, making Dispelix a wholly-owned subsidiary [1][3] - The acquisition stems from a long-term strategic partnership established in 2022, aiming to deepen synergies between Dispelix's expertise in waveguide design and manufacturing and the company's strengths in optics, precision manufacturing, and system-level integration [1][3] - The collaboration will leverage the company's global presence and key customer resources to accelerate the commercialization of AR waveguide technology in consumer and enterprise wearable devices [1][3] Group 2 - The company has already partnered with several leading OEM clients to develop the next generation of AR devices and is collaborating with top mobile terminal ecosystem builders to advance XR reference design hardware platforms [1][3] - Following the acquisition, Dispelix's products will enhance the company's XR product portfolio and solution capabilities, helping to solidify their global market leadership in diffraction optics [1][3] - This move is also a significant step for the company to expand into new product areas and create new growth engines [1][3] Group 3 - The company is also involved in the launch of the "Doubao AI phone" in collaboration with ZTE, which supports voice and side button wake-up methods, simulating human operations to complete complex tasks across applications [2][4] - This collaboration aligns with the trend of AI functionality transitioning from software to integrated hardware and software solutions, enhancing user experience [2][4] - The company aims to continue driving innovation across multiple fields by focusing on "AI + perception" and providing diverse perception solutions for the next generation of AI phones and wearable devices [2][4]

Core Insights - Lenovo has officially launched the Lenovo Tianxi AI Football Intelligent Agent and activated its role as the official technology partner for the 2026 FIFA World Cup and as the official smartphone partner for Moto [1][6] - The company aims to leverage its 19 years of experience in technology operations from major global events like the Olympics and Asian Games to ensure a "fully intelligent, zero-failure" operation for the World Cup [1][6] Group 1 - Lenovo is preparing a series of innovative products for the World Cup, including AI PCs, AI smartphones, and AI tablets, along with over 12 service solutions covering various scenarios such as game command, team preparation, and fan viewing [3] - The company will deeply engage in key technical design and deployment for event content production, intelligent operations, and data collection based on a hybrid AI architecture, providing end-to-end smart sports solutions [3] Group 2 - The Lenovo Tianxi AI Football Intelligent Agent is designed to enhance the fan experience by offering personalized interactions and predictions related to the World Cup, including features like team selection, knowledge Q&A, and team fortune predictions [4] - This intelligent agent is compatible with AI smartphones, AI tablets, and AI PCs, catering to fans' diverse viewing needs and is now available to all users [4] Group 3 - The activation of Lenovo's official partnership signifies a new phase in technological collaboration for the World Cup and showcases the company's comprehensive capabilities in supporting top-tier sports events with systematic AI solutions [6] - Lenovo plans to further implement its "hybrid AI" strategy to promote intelligent transformation across various industries [6]

Group 1: Technology Industry Developments - Apple announced a price reduction for the iPhone 17 Pro series, with a decrease of 300 yuan, bringing the starting price to 8,699 yuan for the Pro model and 9,699 yuan for the Pro Max model [2] - IBM plans to acquire Confluent Inc. for approximately $9.3 billion to enhance its AI services, with the deal expected to close by mid-2026 [3] - Tesla's Shanghai Gigafactory has officially produced its 4 millionth vehicle, contributing nearly half of Tesla's global electric vehicle deliveries over the past six years [5] Group 2: Robotics and AI Innovations - Zhiyuan announced the mass production of its 5,000th general-purpose embodied robot, marking a significant milestone in the commercialization of embodied robotics [7] - The company ZhiPu has open-sourced its AI agent model AutoGLM, which can perform complex tasks on mobile devices, supporting over 50 popular Chinese applications [5] - Horizon Robotics released two open-source models, HoloMotion and HoloBrain, aimed at advancing embodied intelligence technology [13] Group 3: Corporate Financing and Investments - Cambridge Technology plans to raise $100 million through H-shares to expand its production capacity for optical modules in North America and Southeast Asia [8] - Midea Group has completed a share buyback totaling 10 billion yuan, with plans to cancel 950 million shares, representing 1.24% of its total share capital [20] - Zhongqing Robotics announced a successful financing round of 1 billion yuan, with participation from various investment firms [21]

12月9日，沪深两市主要股指小幅回调。截至9点55分，A500ETF南方(159352.SZ)小幅回调，热门个股 中，胜宏科技涨超5%，中国船舶、中际旭创、新易盛等涨超4%，中兴通讯、恒瑞医药等涨超2%。 消息面上，12月8日，中共中央政治局召开会议，分析研究2026年经济工作。会议总结分析今年经济工 作，对明年经济工作作出一系列重要部署，必将进一步坚定发展信心、凝聚发展共识，有效应对各种冲 击挑战，巩固拓展经济稳中向好势头，为实现"十五五"良好开局打牢基础。 中信证券指出，会议为2026年实现"十五五"良好开局提出若干政策着力方向：一是继续实施更加积极的 财政政策和适度宽松的货币政策，新增"发挥存量政策和增量政策集成效应"，我们预计总量政策或更注 重效能。二是坚持内需主导，预计明年的政策重心也可能逐渐从聚焦供给更多向需求平衡，推动促内需 和惠民生相结合。三是坚持创新驱动，我们建议关注集成电路、工业母机、高端仪器等重点领域的超常 规措施出台。四是坚持改革攻坚，我们预计在统一大市场、畅通公用事业价格疏导、加大民间投资等领 域释放经济活力。 中证A500指数作为覆盖A股新经济龙头的重要宽基指数，行业分布均衡，相比 ...

每经AI快讯，12月9日，AI手机板块短线拉升，福蓉科技涨停，道明光学、胜宏科技、南芯科技、领益 智造、帝奥微等纷纷走高。 （文章来源：每日经济新闻） ...