Palantir is under pressure around the world but in Australia it is mollycoddled. Michael West on the regulators’ double standards.Palantir. Rejected by Switzerland, its large military and health contracts under pressure in the UK, politicians in the US returning their campaign donations,  protestors forcing office changes. The controversial tech company is under fire under the world.Not so in sleepy Australia however.Palantir, whose executives brag about how their lethal software kills people, has been welc ...

随着电影市场火热，中国数字电影LED放映产业发展迅速，不断丰富观影场景，激活电影经济新潜能。 央视网消息：2026电影春节档影片类型丰富，涵盖喜剧、武侠、科幻等多元题材类型，让观众在团聚中共享光影魅力。其中，多部影片均 有中国自主研发的CINITYLED专属版本，给观众带来更加细腻的观影感受。 春节档影片《惊蛰无声》讲述国安小组针对重要情报外泄事件展开行动，随着调查深入，一场无声的较量悄然上演的故事。影片中，无人 机视角追踪的暗战是影片的一大看点，影片的CINITY和CINITY LED专属制版为观众呈现更加清晰真实的动态细节。影片《飞驰人生3》中大 量的赛车在砂石、暴雨等多变路况中疾驰的瞬间，通过CINITY及CINITY LED版本，令观众仿佛置身赛道。 电影《星河入梦》《镖人：风起大漠》等4部影片还带来独家4K60帧版本，无论是在虚拟梦境的冒险故事中，还是在大漠镖客的武侠世界 里，4K60帧版本的电影以高帧率与高动态范围的视觉呈现，让影片画面的运动轨迹更流畅、色彩层次更丰富，配合沉浸式的立体音效，让观 众仿佛身临其境，走入电影的故事中。 观影场景不断丰富 激活电影经济新潜能 目前，中国的LED影厅数量超 ...

车厘子是春节期间不少家庭喜爱的水果。冬季品尝到的车厘子，约98%来自遥远的智利。它们横跨太平洋，航行近2万公里，耗时23天左右抵达中国。 从智利的夏日果园到中国百姓的冬季果篮，车厘子如何保持脆甜？每一道转运环节有何讲究？ 为什么到家几天车厘子就坏了？ 当前，智利正处于夏季，气温能达到20多摄氏度。车厘子保鲜的第一步是在清晨采摘，中午之前结束采摘，以保证果实硬度和带果柄完整性。 摘下来的车厘子会马上被转送到包装厂。先用冰水快速预冷，降温杀菌，再经过流水清洗，将成串车厘子分成单颗。紧接着，通过机器自动拍照识别、 AI识别系统，精准检测果实外部和内部缺陷，实现智能分选，并按照大小和颜色自动分级。 随后，经过人工抽检合格后，称重分包，一盒一码全程溯源。 最后，进行气调包装密封（蔬菜的气调保鲜技术，使用的气体主要是氮气、氧气和二氧化碳，通过调节这三种气体的不同比例组合，来达到保鲜效果）。 气调包装袋采用先进的微透膜技术，可以调节袋内气体成分比例，将袋内氧气含量保持在12%～16%，二氧化碳含量从空气中的0.03%，大幅提升到4%～ 6%。高浓度二氧化碳可以抑制细菌，显著抑制果实腐烂，大幅延长保鲜时间。 进入海运环节，冷 ...

Company Overview - ResMed is a medical equipment company based in San Diego, California, originally founded in Australia, specializing in cloud-connectable CPAP machines for obstructive sleep apnea treatment [1] - The company has over 10,000 employees and operates in more than 140 countries, with two primary business units: Sleep and Respiratory Care, and Software as a Service (SaaS) [2] Product and Service Offering - The Sleep and Respiratory Care unit provides industry-leading CPAP machines for various patient needs, from those requiring therapy at night to those needing life-support ventilation [2] - The SaaS unit offers software for durable or home medical equipment, facilitating out-of-hospital care [2][3] Financial Performance - ResMed reported an annual revenue of $4,685 million, with a compound annual growth rate (CAGR) of 13.6% over the last three years [5] - The latest reported gross margin for ResMed was 57.4%, indicating strong profitability from core products and services [6] - The company reported a profit of $1,021 million in the last financial year, reflecting a CAGR of 29.1% compared to three years ago when the profit was $475 million [7] Financial Health - ResMed's current net debt is -$624 million, indicating that the company has more cash than debt, which can be seen as a safety buffer [9] - The debt/equity ratio stands at 18.0%, suggesting that ResMed has more equity than debt, indicating lower leverage [10] - The return on equity (ROE) for ResMed was 22.7% in FY24, demonstrating efficient capital allocation and value generation [11] Valuation Insights - ResMed shares currently have a price-to-sales ratio of 5.38x, below the 5-year average of 8.70x, suggesting that shares are trading at a lower valuation compared to historical averages [12]

Core Insights - Generative AI is viewed as a transformative technology by Amazon's CEO Andy Jassy, indicating its potential to significantly enhance customer experiences across the company [1] - Elon Musk predicts that humanoid robots could create a market worth $250 trillion by 2040, representing a major shift in the global economy driven by AI innovation [2][3] - Major firms like PwC and McKinsey acknowledge the multi-trillion-dollar potential of AI, suggesting a broad consensus on its economic impact [3] Company and Industry Analysis - A breakthrough in AI technology is believed to be redefining work, learning, and creativity, leading to increased interest from hedge funds and top investors [4] - There is speculation about an under-owned company that may play a crucial role in the AI revolution, with its technology posing a threat to competitors [4][6] - Prominent figures in technology and investment, including Bill Gates and Warren Buffett, recognize AI as a significant advancement with the potential for substantial social benefits [8] Market Dynamics - The AI ecosystem is expected to reshape how businesses, governments, and consumers operate, indicating a broad and deep impact across various sectors [2] - The investment landscape is becoming increasingly competitive, with major players like Tesla, Nvidia, Alphabet, and Microsoft being highlighted, while a smaller company is suggested to have a pivotal role in the ongoing AI transformation [6][7]

Core Insights - The AI wealth effect is remarkable, with companies MiniMax and Zhipu becoming the stars of the Hong Kong stock market, both surpassing a market capitalization of 300 billion HKD [2][12] - MiniMax and Zhipu have seen stock price increases of over 400% in just two months, showcasing a significant upward trend since their listings [14][15] Company Performance - Zhipu, known as the "first global large model stock," debuted on January 8, 2026, with an initial price of 116.2 HKD per share, reaching a market cap of 578.9 billion HKD on its first day [14][15] - As of February 20, 2026, Zhipu's stock price surged by 42.72% to 725 HKD, with a market cap increase of 967 billion HKD in a single day [3][15] - MiniMax launched on January 9, 2026, with a first-day increase of 109.09%, closing at 345 HKD and achieving a market cap of 1,067 billion HKD [4][15] - By February 20, 2026, MiniMax's stock price rose to 970 HKD, reflecting a nearly 90% increase since February 9, 2026, and a total market cap of 3,042.3 billion HKD [4][15] Investment Landscape - Both companies have attracted significant attention from institutional investors, with Zhipu receiving over 50 institutional investments before its IPO, including notable VC and PE firms [5][17] - Early investors in Zhipu, such as Zhongke Chuangxing, have seen their initial investment of 40 million CNY grow to a market value of 4.33 billion CNY as of February 20, 2026 [6][18] - MiniMax's early backers, including Hillhouse Capital and IDG, have also experienced substantial returns, with their initial investment of 200 million USD now valued at over 100 times that amount [19] Market Trends - The recent stock price surges of MiniMax and Zhipu reflect a broader trend in the AI large model sector, with significant financing activities occurring in the market [21][22] - Companies like Moonlight and Jiyue Xingchen have also reported substantial funding rounds, indicating a robust investment climate in the AI sector [21][22] - The competitive landscape is expected to intensify, with resources increasingly concentrating on leading companies as the market evolves [23]

【环球网报道】据美国"政治"新闻网报道，针对美国最高法院对美国总统特朗普关税政策做出的裁决，德国总理默茨当地时间2月21日接受采访时表示，这 是一个"好消息"。 据报道，默茨称，美国最高法院的裁决"值得关注"，这表明特朗普政府在关税政策上受到限制。他表示，这项裁决有"令人安心的因素"，"体现出美国的三 权分立机制似乎还在运转，这是一个好消息"。 默茨还指出，关税主要伤害的是征收这些关税的国家，美国消费者最终将承担更高的价格。 关于与美国政府的关税谈判，默茨补充说，关税政策属于欧盟事务，而非单个成员国事务，德国将跟随统一的欧盟立场就关税问题与特朗普展开磋商。 美国最高法院20日公布裁决，认定美国《国际紧急经济权力法》没有授权总统征收大规模关税。特朗普当天晚些时候签署行政令，确认终止实施此前援引 《国际紧急经济权力法》推出的相关关税措施。然而，特朗普同日宣布，依据《1974年贸易法》第122条，征收"全球进口关税"，税率10%，为期150天，以 取代被最高法院认定违法的关税。随后，特朗普21日又称，他前一天宣布对输美商品征收的"全球进口关税"税率将从10%提高到15%，"立即生效"。 ...

央视网消息：这个冰雪季，冰雪运动火遍大江南北。然而，这份对冰雪的热爱并非现代人独有，古人对冰雪的钟情与探索早已在 岁月留下生动的印记。 脚踏雪板，手持雪杖，在冰天雪地中驰骋。这不仅是今天滑雪场上的热闹场景，更早在万年前就被镌刻在中国新疆阿勒泰的敦德 布拉克岩画之中，成为先民留给世界的冰雪记忆。国家文物局砖石质文物保护基地副主任刘成介绍，那么小一个洞里面，2.6米长、 1.7米高，绘画技术非常高。这画面上面是人在走，下面是动物在奔跑。10个人背着小包袱，身子向前倾，脚底下踩的是一个很短的雪 橇，支杆，通过左手的力量和右脚的滑行，基本上可以判断在（距今）11000年到9000年之间。 经专家考证，这幅岩画描绘的是目前人类最早的滑雪记录。而在战国时期的《山海经·海内经》中也记载了游牧民族雪中出行的场 景："其民从膝以下有毛，马蹄善走"。国家体育总局体育文化发展中心主任黄金介绍，膝盖以上是人，膝盖以下是马毛和马足，新疆 阿勒泰地区有非遗的传承人，制作一种滑雪板，叫毛皮滑雪板，是用马前足的毛来制作的，顺毛的时候有利于滑行，如果反毛就可以 控制速度。 这里是距离敦德布拉克岩画大约40公里的将军山滑雪场。当地将每年的1月1 ...

温馨提示 春节假日返程期间，铁路客流较大，请旅客朋友及时关注出行服务信息，预留充足时间进站乘车。 （总台记者 王思元） 今日（22日），春运进入第21天，国铁广州局预计发送旅客256.2万人次，同比增加30.6万人次，增长 13.6%。广东地区预计发送旅客155.4万人次，同比增长18.6% 随着春节假期临近结束，旅游流、探亲流、复工流多重叠加，达到返程客流的高峰。从当前售票情况 看，客流主要集中在京广、广深港、江湛、梅龙、杭深等高铁线路。为满足广大旅客基本出行需求，铁 路部门科学分析旅客出行规律，及时在热门方向、时段增加运力。 今日，国铁广州局预计开行列车3950列，计划加开列车715列，其中加开动车579列，含长沙、郴州、衡 阳、株洲、汕头、梅州、湛江往广州、深圳等方向夜间高铁455列。 ...

来源：国际投行研究报告 原标题：麒麟信安骗取上交所成功上市：公司、保荐人、律所、会所全部闭眼！中泰证券等赚取7600多 万 中介费处罚只有"监管警示"股市是他们的财神！ IPO 时被第一大客户追讨 2370 万虚高价款，保荐人、律所、会所全部闭眼：麒麟信安骗取上交所上市 成功年前露陷！中泰证券等赚取7600 多万中介费处罚只有"监管警示"！ 上交所发行审核网站春节前发布的一组处罚书让投资人心碎，本来是支持科技公司上市的科创板，竟然 有这样一批故意的智障，骗取上交所的信任。 1 、据申报文件，A1 单位是麒麟信安报告期内第一大客户，麒麟信安对其销售收入分别为 6，250.19 万 元、10，295.07万元、14，417.29 万元，占各期营业收入比例分别为44.23%、44.52%、42.65%。 经查 明，2022 年 5 月，A1 单位向麒麟信安发出《整改通知函》，认定麒麟信安向其销售的合同总额5， 940.24 万元产品总价虚高 2，370.04 万元，要求麒麟信安限期退回虚高价款。 2 、麒麟信安在收到有关函件后，未及时向上交所报告前述事项并更新发行上市申请文件。 3 、2022 年 8 月，上交所发 ...