完整早报音频，请点击标题下方小耳机收听 【影视飓风否认冲锋衣致癌】 11 月 30 日，影视飓风旗下账号 @ 飓风商店 MediaStore 发布视频 回应冲锋衣相关质疑。影视飓风晒出检测报告，证明 PFOA 是"未检出"，还指出质疑者送检的样品 本身已破坏、报告不完整，反指对方是断章取义带节奏，并表示已准备走法律程序。"近期有一位电 商服装博主 H 先生小韩哥对我们 25 款的三合一冲锋衣发布了多条质疑视频，引发了讨论。我们希 望针对对应的质疑进行具体技术说明，和大家讲明情况，来证伪这位博主的指控。"（中华网） 【徐新 3.4 万亿估值拿下字节跳动部分股权，成为张一鸣"新股东"】 据彭博社报道，一家中国投资 公司在 19 日举行的竞标中击败其他数家意向方，从字节跳动早期机构投资者中银集团投资有限公司 （以下简称中银投）手中收购了其持有的部分股权。知情人士表示，这批股票最初定价约 2 亿美元， 对应字节跳动估值为 3600 亿美元。而最终的收购价达到约 3 亿美元，估值更是高达 4800 亿美 元，约合人民币 3.4 万亿元。这家机构，正是徐新掌管的今日资本（ Capital Today ）。业内人士 指出， ...

运载火箭能实现高频率、低成本、"航班化"往返太空吗？西北工业大学科技成果转化企业——陕西 天回航天技术有限公司，用自主研发的"红龙二号"发动机给出了肯定答案。 天回航天董事长、西北工业大学教授刘红军介绍，这款150吨级混合循环液氧甲烷发动机，创新采 用在线智能检测与航班化可重复使用设计，预计重复使用次数不少于50次，这意味着未来真正迈向太空 运输的"航班时代"。 天回航天的技术突破，正是陕西推动科技创新和产业创新深度融合的生动体现。在科技成果转 化"三项改革"等一系列政策的推动下，陕西有很多像刘红军这样的科研人员，带着科技成果走向市场， 实现技术价值与市场需求的精准对接，为培育新质生产力、实现高水平科技自立自强注入强劲动能。 改革破冰，为高效转化"护航" "过去，我们手里握着技术专利，却因为'不敢转、不愿转、缺钱转'，只能让成果'躺'在实验室 里。"11月30日，陕西科技大学教授牛育华回忆起曾经的困境，感慨万千。 这样的困境，在陕西高校和科研院所中并不少见。陕西高校、科研机构众多，但长期以来，不少科 研人员手握专利技术，却被转化难题挡在市场大门外。 2022年，陕西以体制机制改革为突破口，在全省高校院所开展职 ...

随着本轮融资的完成，鲲游光电将继续加大研发投入，扩建生产基地，助力中国在下一代光子科技领域实现弯道 超车。 •3D成像与机器视觉：自2019年起至今，公司的相关产品已经连年在全球一线手机旗舰机中持续量产； •AR显示衍射光波导：鲲游光电推出了"逍遥系列"和"扶摇系列"全息光栅AR光波导。其中扶摇系列光波导厚度薄 至1.8毫米，成为市场上最薄的AR显示波导之一； •车载与激光雷达：相关产品在2021年完成车厂认证，2022年成功导入国内头部新能源车型，并成为少数通过 16949车规认证的相关企业之一。 鲲游光电的产品应用范围已覆盖多个前沿领域：在消费电子方面，公司的3D成像微纳光学元件已广泛应用于全球 一线手机品牌。AR光波导产品则已成功导入包括美国知名互联网公司在内的多家国内外一线客户。在工业应用领 域，鲲游光电的AR产品已应用于中石油、国家电网等B端行业的头盔头显设备上。通过AR技术实现信息提示、导 航、翻译等功能，为工业场景提供高效解决方案。在车载应用方面，公司的产品已通过严格的车规认证，并成功 导入国内头部新能源车型，展现出在智能汽车领域的应用潜力。 近日，上海鲲游光电科技有限公司（以下简称"鲲游光电" ...

乾照光电今日涨停，全天换手率15.60%，成交额26.70亿元，振幅9.91%。龙虎榜数据显示，深股通净卖 出5446.97万元，营业部席位合计净买入1.28亿元。 深交所公开信息显示，当日该股因日收盘价涨幅达20.00%上榜，深股通净卖出5446.97万元。 证券时报·数据宝统计显示，上榜的前五大买卖营业部合计成交6.44亿元，其中，买入成交额为3.59亿 元，卖出成交额为2.85亿元，合计净买入7383.76万元。 乾照光电11月28日交易公开信息 | 买/ | 会员营业部名称 | 买入金额（万 | 卖出金额（万 | | --- | --- | --- | --- | | 卖 | | 元） | 元） | | 买一 | 国泰海通证券股份有限公司上海长宁区江苏路证券营业 | 8966.17 | 286.11 | | | 部 | | | | 买二 | 国泰海通证券股份有限公司上海静安区新闸路证券营业 | 7976.03 | 3.41 | | | 部 | | | | 买三 | 开源证券股份有限公司西安高新成章路证券营业部 | 5525.84 | 0.00 | | 买四 | 中国银河证券股份有限公司上海杨浦区靖宇东 ...

Core Insights - Hangzhou is accelerating the industrialization of scientific and technological achievements by addressing the "first kilometer" of results transformation through concept validation [3] - The city has established a comprehensive service system for technology innovation and industrial integration, focusing on four distinctive models: investment-driven, demand-driven, application-driven, and platform-accelerated [3][9] Investment-Driven Model - Early-stage capital is crucial for transforming scientific results, as it provides the necessary funding for projects that are in their infancy and carry high risks [4] - The investment-driven model combines "preliminary validation + equity investment," where initial funding is converted into equity upon successful validation, encouraging further social capital investment [4] Demand-Driven Model - The demand-driven model allows market needs to guide project selection and validation, significantly reducing the time from research to product readiness [6] - Projects validated under this model often originate from the market demands of upstream and downstream industry clients, creating a positive cycle of "market-research-benefit-research" [6] Application-Driven Model - The application-driven model focuses on finding real-world scenarios for technology validation, which is essential for successful commercialization [7] - This model emphasizes collaboration with initial scene partners to share the validation process, enhancing the likelihood of successful technology transfer [7] Platform-Accelerated Model - The platform-accelerated model aims to cultivate hard technology achievements through a full-chain service system that includes evaluation, selection, transformation, financing, and commercialization [9] - Concept validation centers in Hangzhou are increasingly involved in the initial stages of transformation, providing comprehensive support including funding, facilities, and technical resources [9] Future Outlook - Hangzhou's technology bureau plans to continue leveraging concept validation centers as engines for innovation, aiming to enhance the city's role as a hub for scientific and technological achievement transformation [10]

Group 1: Fund and Investment Trends - In November, a total of 9 new dividend-themed funds were established, with a combined issuance scale of 6.615 billion yuan, marking a new monthly high for the year [1] - The number of newly established index-enhanced funds has surged to 160 this year, representing a year-on-year increase of over 416% [1] - Seven new AI-themed ETFs were launched on November 21, with rapid approval and issuance processes, highlighting the growing interest in AI investments [1] Group 2: Banking and Deposit Products - Major state-owned banks and some joint-stock banks have recently withdrawn long-term deposit products, focusing on shorter-term offerings [2] - This withdrawal includes significant banks such as ICBC, ABC, and BOC, indicating a shift in the banking landscape [2] Group 3: Technology and AI Developments - Alibaba has launched its first self-developed AI glasses, with multiple tech companies entering the AI glasses market, suggesting rapid industry growth [3] - The world's largest compressed air energy storage project has entered the main equipment installation phase, showcasing advancements in energy technology [3] Group 4: Corporate Financial Performance - Alibaba reported Q3 revenue of 247.8 billion yuan (35 billion USD), a 5% year-on-year increase, but adjusted EBITDA fell by 78% to 9 billion yuan [4] - HP announced plans to lay off 4,000 to 6,000 employees, approximately 10% of its workforce, to streamline operations and enhance productivity through AI [4] Group 5: Market Movements and IPOs - Avita Technology has submitted an IPO application to the Hong Kong Stock Exchange, projecting significant revenue growth from 5.645 billion yuan in 2023 to 15.195 billion yuan in 2024 [5] - Soul App has also filed for an IPO, with Tencent as a strategic investor, reporting a compound annual growth rate of over 15% in revenue from 2022 to 2024 [5] Group 6: Stock Market and Investment Changes - The National Integrated Circuit Fund reduced its stake in Saiwei Electronics, decreasing its holding from 5.88% to 4.999986% [7] - Tianfu Communication has achieved mass production capabilities for high-speed optical engines, indicating growth in the optical technology sector [7]

Core Viewpoint - The launch of the Xihe Guanggu Optoelectronic Industry Incubator signifies the establishment of a collaborative model involving government, research, and capital, aimed at fostering innovation in the optoelectronic sector [1] Group 1 - The Xihe Guanggu Optoelectronic Industry Incubator was inaugurated on November 22, marking a significant development in the optoelectronic industry [1] - The incubator is a joint initiative by Shanghai Guotou Company, the Jiading District People's Government, and the Shanghai Institute of Optics and Fine Mechanics, Chinese Academy of Sciences [1] - The collaboration emphasizes a model of "government platform, research-driven, and capital empowerment" [1] Group 2 - Shanghai Guotou Company, along with Jiading KET Investment Group and Hangzhou Zhongke Shenguang Equity Investment Co., Ltd., has initiated the "Shanghai Huiguang Xihe Venture Capital Fund" project [1] - This venture capital fund aims to support startups in the optoelectronic industry, enhancing investment opportunities in the sector [1]

Core Insights - Guoke Tianceng's stock price increased by 3.47% on November 20, with a trading volume of 288 million yuan, indicating positive market sentiment [1] - The company reported a net financing purchase of 21.72 million yuan on the same day, reflecting strong investor interest [1] - As of September 30, 2025, Guoke Tianceng achieved a revenue of 716 million yuan, marking an 11.31% year-on-year growth, and a net profit of 126 million yuan, up 17.63% year-on-year [2] Financing and Margin Trading - On November 20, Guoke Tianceng had a financing buy amount of 46.42 million yuan, with a total financing balance of 229 million yuan, representing 4.02% of its market capitalization [1] - The financing balance is above the 90th percentile of the past year, indicating a high level of leverage [1] - The company had no shares repaid in margin trading on November 20, with 500 shares sold short, totaling 23,800 yuan, and a short balance of 6,200 yuan, which is above the 60th percentile of the past year [1] Shareholder and Institutional Holdings - As of September 30, 2025, Guoke Tianceng had 15,000 shareholders, a decrease of 1.89%, while the average number of circulating shares per shareholder increased by 238.49% to 7,931 shares [2] - The company has distributed a total of 17.44 million yuan in dividends since its A-share listing [3] - Among the top ten circulating shareholders, the "Fuguo Military Industry Theme Mixed A" fund increased its holdings by 2.25 million shares, while several other funds exited the top ten list [3]

Core Viewpoint - The report from Open Source Securities highlights that Huagong Technology has established a comprehensive product matrix centered around lasers, forming three major business segments: intelligent manufacturing equipment supported by laser processing technology, optical and wireless connection businesses supported by information communication technology, and sensor business supported by sensitive electronic technology [1] Business Segments - Intelligent Manufacturing Equipment: This segment relies heavily on laser processing technology, positioning the company as a leader in the domestic optoelectronic field [1] - Optical and Wireless Connection: This business is supported by information communication technology, catering to the growing demand for high-speed optical modules driven by rapid advancements in artificial intelligence [1] - Sensor Business: This segment is underpinned by sensitive electronic technology, further diversifying the company's offerings [1] Market Position and Growth Potential - The company is recognized as a prominent player in the optoelectronic sector with a multi-segment layout, which enhances its market position [1] - With the accelerating development of artificial intelligence both domestically and internationally, there is a burgeoning demand for high-speed optical modules, which the company is well-positioned to meet [1] - The company's strong R&D capabilities are expected to lead to an increase in market share and significant long-term growth potential [1] Financial Projections - The projected net profit attributable to shareholders for the years 2025, 2026, and 2027 is estimated to be 1.96 billion, 2.55 billion, and 3.26 billion yuan respectively [1] - The current closing price corresponds to price-to-earnings ratios of 36.9 times, 28.3 times, and 22.2 times for the respective years [1] - The report initiates coverage with a "Buy" rating based on these projections [1]

Core Viewpoint - The article highlights the high-quality development of Chengdu's Shuangliu District, emphasizing its transformation into a hub for advanced manufacturing and a model for park city development, particularly in the context of hosting the 2025 Global Panda Partners Conference [1][3]. Group 1: Economic Development - Shuangliu District is experiencing rapid economic growth, with a focus on advanced manufacturing, particularly in the aerospace and optoelectronic industries [3][5]. - The district's passenger throughput at Chengdu Shuangliu International Airport reached 16.08 million in the first half of the year, marking a 2.6% year-on-year increase [3]. - The establishment of a comprehensive aircraft acquisition and dismantling process has been successfully implemented, enhancing the local aerospace industry's capabilities [4]. Group 2: Investment and Projects - The construction of the headquarters for the reusable liquid rocket production by Galactic Glory has commenced, with a total investment of 3.3 billion [4]. - The optoelectronic industry cluster in Shuangliu is projected to achieve an output value of 23 billion in 2024 [5]. - The district aims to achieve over 100 billion in foreign trade imports and exports by 2025, with the aviation industry scale expected to exceed 20 billion [7]. Group 3: Infrastructure and Connectivity - Shuangliu has established a comprehensive air transportation network, connecting to over 70 major cities domestically and more than 20 international cargo routes covering Europe, America, and Asia [6]. - The district has implemented various green initiatives, including the construction of 210 kilometers of greenways and 22 pocket parks, enhancing the urban ecological environment [12]. Group 4: Cultural and Tourism Development - In the first half of 2025, Shuangliu received 14.06 million tourists, generating a tourism revenue of 10.8 billion, reflecting a year-on-year growth of 2.6% and 1.6% respectively [17]. - The district is focusing on integrating cultural and tourism industries, aiming to cultivate leading tourism enterprises by 2027 [17]. - The local government emphasizes the importance of creating a harmonious balance between industrial development and quality of life, promoting both economic and cultural growth [15][17].