Core Viewpoint - The "Shenzhen-Hong Kong-Guangzhou" innovation cluster has surpassed the "Tokyo-Yokohama" cluster to become the top global innovation cluster according to the Global Innovation Index (GII) released by the World Intellectual Property Organization (WIPO) [1] Group 1: Innovation Cluster Rankings - The GII cluster ranking was established in 2017 and is based on three core indicators: international patent applications via the Patent Cooperation Treaty (PCT), scientific publications, and the newly added venture capital (VC) transaction volume [1] - The "Shenzhen-Hong Kong-Guangzhou" cluster has ranked second globally for five consecutive years before this year, when the inclusion of VC transactions reshaped the rankings [1] - In 2025, the "Shenzhen-Hong Kong-Guangzhou" cluster is projected to account for 2.9% of global VC transactions, compared to 2.2% for the "Tokyo-Yokohama" cluster [1] Group 2: Performance Metrics - The "Shenzhen-Hong Kong-Guangzhou" cluster holds a global share of 9.0% in PCT applications, ranking second, with Huawei being the top applicant [2][4] - The cluster also has a global share of 2.4% in scientific publications, totaling 194,000 papers, with Sun Yat-sen University being the leading institution [4] - Shenzhen has maintained the highest PCT international patent application volume in China for 21 consecutive years, with 16,300 applications projected for 2024 [4] Group 3: Human Capital and Innovation Ecosystem - The region has successfully transitioned its development engine to focus on high-quality human capital, referred to as the "engineer dividend," to effectively address the "Lewis Turning Point" [4] - The accumulation of large-scale, high-quality human capital, combined with an effective corporate innovation ecosystem, is expected to unleash greater innovation momentum and economic value [4] - Hong Kong's innovation and technology development has seen significant progress, with Huawei's research team in Hong Kong growing to over 700 members [5]

证券代码：600682 证券简称：南京新百 公告编号：临 2025-023 南京新街口百货商店股份有限公司 2025年半年度经营数据公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重大遗漏，并 对其内容的真实性、准确性和完整性承担法律责任。 南京新街口百货商店股份有限公司（以下简称公司）根据上海证券交易所《上市 公司自律监管指引第 3 号——行业信息披露》之《第四号——零售》和《关于做好主 板上市公司 2025 年半年度报告披露工作的通知》的相关要求，现将公司 2025 年半年 度主要经营数据（未经审计）公告如下： 一、2025 年半年度主要经营数据 （一）主营业务分行业情况 单位:元 币种:人民币 主营分行业 主营业务收入 主营业务成本 毛利率 （%） 营业收入比上 年增减（%） 营业成本比上 年增减（%） 商业 189,253,068.15 66,811,693.70 64.70 -11.97 -6.14 宾馆餐饮业 15,116,019.36 1,755,818.37 88.38 -3.38 -2.76 健康养老、护理业 1,081,941,642.15 869,660,96 ...

Core Points - The seventh "Science Exploration Award" has announced its winners, with 50 young scientists selected from 1,238 applicants, including two from the province [1] - The award, established in 2018 by 14 scientists including Yang Zhenning and Tencent's founder Ma Huateng, is one of the highest monetary support programs for young scientific talent in China [1] - The award targets outstanding young scientists working full-time in mainland China and Hong Kong and Macau, with eligibility criteria based on age [1] Summary by Categories - **Award Structure** - The "Science Exploration Award" covers ten fields including mathematics, physics, chemistry, new materials, astronomy, and earth sciences [1] - Each year, no more than 50 winners are selected, with each receiving a total of 3 million RMB over five years, which can be freely allocated [1] - **Impact and Reach** - As of 2024, the award has funded a total of 297 outstanding young scientists, highlighting its role in supporting leaders in basic science and frontier technology [1]

Group 1: Core Insights - The article emphasizes the importance of deepening the reform of the technology system in China to achieve high-level technological self-reliance and build a strong technological nation [1] - During the "14th Five-Year Plan" period, China is breaking down institutional barriers that hinder innovation, establishing a foundational framework for technological innovation, and enhancing the overall innovative vitality of society [1] Group 2: Strengthening Corporate Innovation - Qingdao Delton General Environmental Technology Co., Ltd. utilizes a cloud platform to match technical needs with research teams from universities, showcasing a new model of "cloud-based R&D" [2] - The government is enhancing the role of enterprises in technological innovation by supporting their participation in major national research tasks, with about 80% of key R&D projects led or participated in by enterprises [2] - Tax incentives for R&D have been improved, with the deduction rate for R&D expenses increased from 75% to 100% [2] - There are over 460,000 high-tech enterprises in China, with 169,000 in the industrial sector, and nearly a quarter of the global top 2500 R&D spending companies are Chinese [2] Group 3: Accelerating Technology Transfer - The transformation of scientific and technological achievements is crucial for connecting the innovation chain with the industrial chain [4] - A series of reforms have been implemented to facilitate the transition from laboratory to market, including the establishment of verification centers and platforms for demonstration applications [4] - The total value of technology contracts in China increased from 2.8 trillion yuan in 2020 to 6.8 trillion yuan in 2024, surpassing the target of 5 trillion yuan set for the "14th Five-Year Plan" [5] Group 4: Fostering Talent Innovation - The article highlights the importance of human resources in technological innovation, with China having the largest pool of scientific talent globally [6] - Reforms in talent evaluation systems and support for young researchers are being implemented to stimulate innovation [7] - Approximately 80% of projects funded by the National Natural Science Foundation are awarded to researchers aged 45 and below, indicating a focus on nurturing young talent [7]

企业的创新主体地位首先体现在坚持企业出题与政府定题的联动上。为确保项目既贴近企业技术痛 点，又契合成都重点发展的领域和方向，在前期项目指南编制阶段，成都市科学技术局会同相关产业 （行业）部门梳理并确定拟重点支持的领域和方向，面向区（市）县科技主管部门或社会发布科技需求 征集通知。"之后，成都市科学技术局会同相关产业（行业）部门、需求提出代表企业（单位）、有关 专家，对征集到的科技需求进行梳理，经充分论证咨询后，形成前期项目指南。"成都市科学技术局相 关负责人介绍。 企业的创新主体地位还体现在项目组织阶段，企业的"答题人"权益上。《管理办法》赋予企业对所 申报项目的技术路线制定权、攻关任务分解权、参与单位决定权和项目资金分配权，并规定以科技成果 产品化、工程化、产业化为目标任务的项目，原则上应采用企业主导的产学研合作方式组织实施。"这 进一步保障了企业'答题人'的权益。"成都市科学技术局相关负责人进一步解释，"指南申报时长不少于 15个工作日"充分保证企业具有充足的"答题"时间。 为激发科研人员的创造性和创新活力，近日，成都市科学技术局、成都市财政局修订并印发《成都 市科技计划项目管理办法》（下称《管理办法》） ...

Core Viewpoint - The approval of the feasibility study for the new Shanghai-Hangzhou high-speed railway marks a significant step towards its construction, with a total investment of approximately 67.1 billion yuan and a length of about 223.8 kilometers [1][2]. Group 1: Project Overview - The Shanghai-Hangzhou high-speed railway is a crucial part of the national "Eight Vertical and Eight Horizontal" high-speed rail network and is included in the 102 major railway projects for the 14th Five-Year Plan [2]. - The railway is designed for a speed of 350 kilometers per hour and will connect Shanghai East Station to Hangzhou West Station, passing through key areas such as Jiaxing and Tongxiang [2][3]. - The average construction cost of the new railway is approximately 3 billion yuan per kilometer, which is higher than the 2.33 billion yuan per kilometer cost of the existing Huzhou-Su Lake high-speed railway [2]. Group 2: Strategic Importance - The new railway aims to enhance connectivity between Shanghai and Hangzhou, two major cities in the Yangtze River Delta, which is vital for regional development and competition [2][3]. - Currently, there are multiple high-speed rail connections between Nanjing and Shanghai, but fewer direct connections between Hangzhou and Shanghai, highlighting a competitive disadvantage for Hangzhou [3]. - The new railway is expected to facilitate a more direct and efficient connection, potentially reducing travel time between the two cities to as little as 15 minutes in the future [6]. Group 3: Broader Implications - The Shanghai East Station, the eastern terminus of the new railway, will be part of a larger transportation hub that integrates air, rail, and urban transit, benefiting not only Hangzhou but also surrounding cities like Jiaxing [6]. - The project aligns with the broader goals of the "14th Five-Year" modern comprehensive transportation system development plan, which emphasizes strengthening rapid connections between core cities in major urban clusters [3].

Group 1 - Shennong Investment recently conducted research on Aladdin, focusing on the operation of the Kasima platform, competitiveness, revenue structure, profit fluctuations, delivery times, sales models, platform differentiation, and investment mergers and acquisitions [1] - The Kasima platform operates independently from the Chinese Academy of Sciences, covering a wide range of businesses with 247,000 registered members, over 1,800 research institutions, and 10,218 suppliers, achieving an annual transaction volume of nearly 4 billion [1] - Revenue sources for the Kasima platform include store fees, bridge fees, value-added service fees, and advertising fees, with 2023 profits being high due to non-recurring income, while a decline in 2024 profits is not attributed to core business operations [1] Group 2 - Shennong Investment Management Co., Ltd. was founded in 2009, focusing on the pharmaceutical, technology, and consumer sectors, and has won multiple awards for its investment performance [2] - The company has developed into a significant asset management firm with a strong team and long-term excellent performance, recognized for its influence in the industry [2]

Group 1 - The core focus of the recent research by Jingling Investment is on the Aladdin platform, which operates independently from the Chinese Academy of Sciences and has a wide market coverage [1] - The Aladdin platform has registered 247,000 members, over 1,800 research institutions, and 10,218 suppliers, with an annual transaction volume nearing 4 billion yuan [1] - Revenue sources for the platform include store fees, bridge fees, value-added service fees, and advertising fees, with a notable profit increase in 2023 attributed to non-recurring income [1] Group 2 - The company completed contract signing, payment, and asset delivery in August 2023, and continues to utilize distributors for better customer service [1] - Jingling Investment has completed six investments across various fields and is actively seeking new projects [1]

Group 1 - The core viewpoint of the news is that YuXiu Asset Management has conducted research on a listed company, Aladdin, focusing on its operational platform, market competitiveness, revenue structure, and profit fluctuations [1] - The Kasima platform operates independently from the Chinese Academy of Sciences, with a wide business coverage, including 247,000 registered members, over 1,800 research institutions, and 10,218 suppliers, achieving an annual transaction volume of nearly 4 billion yuan [1] - Revenue sources for the Kasima platform include store fees, bridge fees, value-added service fees, and advertising fees, with 2023 profits being high due to non-recurring income, while a decline in 2024 profits is not attributed to core business operations [1] Group 2 - YuXiu Capital, established in January 2015, is a private equity fund management institution focused on private securities investment, founded by former senior executives from the industry [2] - The company operates under a limited liability partnership structure, aiming to maximize team vitality and provide multi-strategy, high-quality asset management solutions to clients [2]

Group 1 - The core viewpoint of the news is that the private equity firm Jian Shun Investment has conducted research on a listed company, focusing on the operations and market position of the Kasma platform, which is a procurement platform for scientific research products [1] - The Kasma platform operates independently from the Chinese Academy of Sciences, with a wide business coverage, including 247,000 registered members, over 1,800 research institutions, and 10,218 suppliers, achieving an annual transaction volume of nearly 4 billion yuan [1] - Revenue sources for the Kasma platform include store fees, bridge fees, value-added service fees, and advertising fees, with a notable increase in profit for 2023 attributed to non-recurring income, while a decline in profit for 2024 is not due to core business operations [1] Group 2 - The company has completed six investment deals across various fields and will continue to seek new projects [1] - Jian Shun Investment Management Company, established in April 2006, focuses on capital market investment management and consulting services, covering domestic A-shares and Hong Kong stock markets [2]