格隆汇11月25日丨科力尔(002892.SZ)在投资者互动平台表示，公司科力尔智能制造产业园项目正有序 推进中，项目进展顺利。 ...

Core Viewpoint - The core challenge of technological financial innovation is transitioning from singular breakthroughs to scalable development, necessitating a financial ecosystem that can support a modern industrial system and foster globally competitive tech companies [2][4]. Group 1: Challenges and Solutions - The key challenge for technological financial innovation is achieving scalable support for new productive forces, which is critical for the next five years [4]. - Five major challenges include the non-standardization of technology, unprofitability of tech companies, light asset models, high uncertainty, and long cycles, which traditional financial services struggle to address [4][5]. - The concept of "technology capital" is proposed, which should provide additional value such as technological and market understanding alongside financial support [5]. Group 2: Industry Insights - The "smart manufacturing industry chain" is identified as a potential new pillar to replace real estate, with significant spillover effects expected in the next 5-10 years [2][9]. - The need to enhance pricing capabilities for unprofitable companies is emphasized, with a stark contrast noted between the U.S. and China regarding the percentage of unprofitable companies at the time of IPO [9]. Group 3: Future Pathways - Artificial intelligence is defined as a "general technology" leading the fourth industrial revolution, with a critical window for adoption in the next 5-10 years [6][7]. - A "risk-sharing mechanism" is proposed to address unmet investment needs for early-stage tech companies, suggesting that local governments could establish subordinate funds to absorb initial losses [10].

Core Insights - Yangpu District is transforming from an industrial area to an innovation hub, focusing on integrating various innovation resources and fostering a vibrant ecosystem for technological advancements [1][11]. Group 1: Innovation and Research - The "Yang's Digital Innovation Zone" plan outlines 23 key tasks aimed at enhancing innovation across the district, promoting a free flow of innovative elements [1]. - Yangpu District leverages its proximity to universities like Fudan University to foster collaboration between research teams and industry, resulting in 26 papers published in major international journals in the first half of the year [2]. - The district supports high-level innovation platforms, including the Shanghai Mathematics and Interdisciplinary Research Institute, to enhance research capabilities and entrepreneurial support [3]. Group 2: Economic Development - Yangpu District is home to over 8,300 digital economy enterprises, contributing more than 40% of the district's tax revenue and over 60% of its revenue, establishing itself as a key growth area for Shanghai's digital economy [4]. - The online new economy sector, particularly software and information services, reported revenues of 289.07 billion yuan in the first nine months of the year, marking a 27.4% year-on-year growth [7]. Group 3: Innovation Ecosystem - The district has established a comprehensive innovation and entrepreneurship system, exemplified by the growth of companies like Shangmi Technology, which has expanded from a small office to a global enterprise [4]. - Yangpu District promotes collaboration between universities and industries through initiatives like the "City's Immersive Scene Innovation Center" with Huawei, enhancing the integration of education and industry [5]. Group 4: Future Industry Development - Yangpu is actively developing new industries such as brain-like intelligence and embodied intelligence, with the establishment of the first future industry cluster in Shanghai focused on brain-like intelligence [8]. - The district aims to attract 100 AI companies to the AI Agent Industrial Park over the next three years, fostering a new ecosystem that integrates AI with various industries [8]. Group 5: Innovation Index and Support - The Yangpu Innovation Index has shown a stable growth rate of 12.9% annually over the past nine years, reflecting the district's increasing capacity for technological innovation [10]. - In 2024, the district's R&D investment intensity is projected to reach 4.83%, with a notable increase in the number of patents per capita, indicating a robust innovation environment [10].

□四川日报全媒体记者 李欣忆 肖莹佩项上的力量龙泉山下，绛溪河畔，一座"未来之城"正拔节生 长。塔吊林立、日新月异是这里的日常。"十四五"以来，成都东部新区先后实施重点项目1035 个，依靠项目全生命周期智慧管理服务平台这一"智慧大脑"，做到了项目精细化管理且快速推 进。作为四川省集成授权改革试点区域，成都东部新区将改革关键一招用到实处，通过实施项目 审批告知承诺制、容缺预审制等，让项目更快从"纸上"落到"地上"，全流程审批压减率达58.9%， 政务服务效率显著提高。2024年，成都东部新区经济增速高于全省4.1个百分点，改革动能有效转 化为发展效能。"智慧大脑"让项目落地不卡壳走进位于成都东部新区市民中心的智慧城市运营中 心，仿佛进入一个项目指挥中枢。巨幅数字大屏上跳动着实时数据。"这个项目闪烁黄灯，表示在 工程规划许可节点略有滞后。系统会自动向功能片区和要素保障部门发送预警信息，提醒他们及 时介入。"成都东部新区两委办副主任、深改办专职副主任许宏鼎向记者介绍，"以前要靠人工催 报、开会协调，现在一目了然，精准调度。"这块大屏是新区项目建设"智慧大脑"的具象化：它实 时监控着全区各重点项目，将32个核心审批 ...

十五五规划期间热门专业盘点 1、科技引擎：人工智能与数字技术类 在新一轮科技革命中，人工智能、大数据、云计算等技术成为驱动各行业升级的核心动力。从智能制造到智慧城市，从金融风 控到公共服务，数字技术正全面渗透，国家对高端数字技术人才的需求持续激增。 推荐专业：人工智能（机器人研发、自然语言处理、计算机视觉等方向）、计算机科学与技术、数据科学与大数据技术、网络 空间安全、物联网工程。 2、新能源与低碳环保类 "双碳"目标（2030年前碳达峰，2060年前碳中和）并非只是一句口号，它正重塑我国的能源结构与产业逻辑。围绕"双碳"战略 目标，新能源替代传统能源、低碳技术研发、循环经济发展成为必然趋势。相关领域不仅政策支持力度大，市场需求也将持续 扩张，就业场景覆盖能源生产、工程建设、环保治理等多个维度。 推荐专业：新能源材料与工程、储能科学与工程、智能电网信息工程、环境科学与工程、绿色建筑与节能技术。 3、生物医药与健康科学类 随着"健康中国2030"战略深入推进，精准医疗、基因技术、生物制药、养老健康等领域迎来高速发展期。兼具科研能力与实践 经验的专业人才，将成为医疗健康产业的核心竞争力。 推荐专业方向：生物医学工 ...

Core Viewpoint - Linyi Intelligent Manufacturing (领益智造) has submitted its IPO application to the Hong Kong Stock Exchange, aiming to raise funds for R&D, capacity enhancement, strategic investments, and operational needs, amidst a trend of increasing overseas revenue and decreasing domestic revenue [1][2][3]. Group 1: Company Overview - Linyi Intelligent Manufacturing is an AI hardware intelligent manufacturing platform that provides comprehensive manufacturing services and solutions globally [2]. - The company has established a full product matrix covering core materials, precision components, modules, and assembly, with applications in AI hardware, automotive, and low-altitude economy sectors [2]. - As of September 30, 2025, the company operates 62 regional centers, with 14 located overseas, serving over 4,000 clients across more than 30 countries and regions [2][3]. Group 2: Financial Performance - The company's revenue for the reporting period was 345.03 billion, 341.54 billion, 442.6 billion, and 375.90 billion, with corresponding profits of approximately 15.6 billion, 20.14 billion, 17.61 billion, and 19.66 billion, indicating a situation of "increased revenue without increased profit" [4]. - Despite a 29.59% revenue growth in 2024 compared to 2023, the company has seen a decline in profit margins [4]. - The revenue from the top five clients accounted for 49.1%, 52.0%, 56.0%, and 56.4% of total revenue during the reporting period, highlighting a dependency on a few major clients [4]. Group 3: Revenue Trends - The proportion of overseas revenue increased from 26.2% in 2022 to 47.3% in the first three quarters of this year, while domestic revenue decreased from 73.8% to 52.7% [3]. - The majority of the company's revenue comes from AI hardware, with its revenue share fluctuating between 87.6% and 92.1% during the reporting period [2]. Group 4: Strategic Initiatives - The funds raised from the IPO will be used for enhancing R&D capabilities, increasing production capacity, strategic investments, and general corporate purposes [1]. - The company previously considered issuing GDRs for listing on the London Stock Exchange but opted for convertible bonds as an alternative financing method [6][7].

近日，广东领益智造股份有限公司（下称"领益智造"，SZ:002600）递交招股书，报考在港交所主板上市。据贝多商业&贝多财经了解，领益智造是一家A股 上市公司，于2018年登陆A股资本市场，股票代码为"002600"。 特别说明的是，领益智造并非直接上市，而是"借壳"江粉磁材（全称为"广东江粉磁材股份有限公司"）。其中，江粉磁材于2011年7月15日在深圳证券交易 所主板上市，2018年被反向收购，并于2018年3月更名为"领益智造"。 早前，领益智造曾发布公告，称通过发行可转债及支付现金的方式，向常州优融汽车科技有限公司等8名交易对方购买其合计持有的江苏科达精密机械设备 有限公司（下称"江苏科达"）66.46%股权，并拟向不超过35名特定对象发行股份募集配套资金。 2025年8月，该并购计划上会审核通过。但在11月7日，领益智造则发布公告，称该公司与交易对方签署协议，向深圳证券交易所撤回原交易申请文件，并调 整原购买资产方案为现金方式收购江苏科达控制权。 对于拟对原购买资产方案进行调整的主要原因，领益智造在公告中表示，"基于当前市场环境及公司资本运作规划，为切实维护公司和广大投资者利益，经 审慎研究，公司决 ...

该基金为创业投资基金，原则上投早投小，将主要对具身智能产业链相关的创新企业进行直接或间接的 股权投资、准股权投资或从事与投资相关的活动，包括但不限于上游关键原材料及零部件，如伺服系 统、电机、控制器、减速器、传感器等;关键软件系统及人工智能算法等;中游机器人本体制造与集成， 及机器人下游应用解决方案等。公司作为有限合伙人以自有资金认缴出资2000万元，占认缴出资总额的 15.38%，合伙企业的经营期限为10年，其中投资期为5年。 智通财经APP讯，宁波韵升(600366.SH)发布公告，公司于2025年11月24日与其他各方共同签署了《上海 瓴智新创创业投资合伙企业(有限合伙)合伙协议》。为了借助专业投资机构的资源及投资经验，储备更 多的优质标的，进一步提升公司竞争实力，公司参与认购上海瓴智新创创业投资合伙企业(有限合伙)的 基金份额。 ...

近年来，全球经济波动剧烈，就像经历了一次次过山车，而其中一场"事故"，要追溯到特朗普当年挑起 的关税大战。当时特朗普宣称通过这场战斗，能使美国的制造业复兴。然而，结果却是全球供应链遭到 严重扰乱，特别是欧洲受到了很大的冲击。 德国，曾经是欧盟内部的经济领头羊，如今却连续四年经 历经济衰退，工业产值回到了20年前的水平。英国媒体也对此表示担忧，认为德国可能已经被中国赶 超。到底是德国的经济遭遇了真正的挑战，还是说特朗普的关税政策在其中埋下了隐患？ 德国经济的下滑并不是一时的偶然，而是长时间积累的结果。从2022年开始，德国的GDP每年都在下 降，到2025年，这已经是连续第四年负增长了。德国作为欧元区经济体量最大、最强的国家，经历这样 的持续衰退，显然不只是短期问题。 更令人担忧的是，德国的工业生产水平已经回落到2005年的状 态。20年来，德国终于爬到了一个较高的工业产值水平，但在短短四年内又跌回了原点。这样的变化， 不仅是经济放缓，更像是工业领域的"熄火"。 同时，德国的对外贸易也出现了警讯。过去，德国在与中国的贸易中总是处于顺差，但到2025年，德国 居然出现了对中国的贸易逆差。这一变化不仅对德国的经济构 ...

证券日报网讯博实股份11月24日在互动平台回答投资者提问时表示，公司全资子公司博实（苏州）智能 科技有限公司，厂房与办公楼均已投入使用。项目建设面向新能源企业原材料生产智能制造整体解决方 案、矿热炉冶炼智能制造整体解决方案以及新技术产品引导的市场升级换代需求。具体详见公司2024年 度报告募集资金使用情况相关内容。 （文章来源：证券日报） ...