每经AI快讯，12月31日，上海壁仞科技股份有限公司在港交所公告，在港上市拟发行284,846,600股H 股，H股最终发售价为每股19.60港元。预期H股将在明年1月2日开始交易。 ...

Core Viewpoint - Black Sesame Intelligence (02533.HK) announced plans to acquire a 32.8435% stake in Zhuhai Yizhi Electronic Technology Co., Ltd. for a total consideration of RMB 457.8 million, which represents 19.5623% of the expanded total equity of the target company after the capital increase [1] Group 1 - The acquisition is set to be completed by December 31, 2025 [1] - The buyer is required to pay an additional unpaid registered capital of RMB 133,088 to the target company [1]

目标公司为于2016年7月22日在中国注册成立的有限责任公司，其为聚焦人工智能(AI)机器视觉算法及 片上系统(SoC)设计的领先系统解决方案供应商，专注于具有通用算力的设备内AISoC研发，为不同场 景提供具有多元化算力的系统解决方案。目标公司的产品线主要涵盖智能汽车、智能硬件及智能安防领 域。 集团为领先的车规级智能汽车计算SoC及基于SoC的智能汽车解决方案供应商，主要从事车规级产品及 技术的销售。目标公司专注于高性价比、低功耗人工智能(AI)系统芯片(SoC)及解决方案的开发与销 售，其芯片产品所使用的绝大部分知识产权(IP)，包括图像信号处理器(ISP)、神经网络处理器(NPU)及 模拟IP等均已实现自研，主要于汽车智能化、端侧AI应用等领域提供全栈式解决方案。 董事相信，收购事项将使集团能够提供高中低阶全系覆盖的车规级计算芯片，并为智能汽车提供全场景 解决方案，同时亦将促进集团产品拓展至更广泛的机器人及AI+应用，提供AI推理芯片全系产品及解决 方案。 完成股权转让事项与增资事项乃互为条件。于股权转让事项及增资事项完成后，公司将透过SPV间接拥 有目标公司60%股权，而目标公司将成为公司非全资附属 ...

Group 1 - In 2025, the global economic landscape was reshaped by Trump's tariffs, leading to significant changes in asset allocation strategies for 2026 [1] - The Asian markets outperformed the US and European markets, with South Korea's Kospi index surging 75.6% to 4214.17 points, driven by reforms under President Lee Jae-myung [4] - The total market capitalization of the South Korean main board grew by 77.1% to 347.8 trillion KRW (approximately 16.78 trillion RMB), marking a historic milestone [6] Group 2 - The Nikkei 225 index reached a record closing price of 50,339.48 points, with a yearly increase of over 26%, supported by strong performance in chip stocks and optimistic economic stimulus measures from the new Prime Minister [7] - The Hang Seng Index rose by 27.77%, achieving its best annual performance since 2017, while the Hang Seng Tech Index increased by 23.45%, marking its best performance since its launch in 2020 [9] Group 3 - Precious metals experienced a "super cycle" in 2025, with silver prices rising by 143.97% to over $84 per ounce, and gold prices increasing by 64.9% from $1,834 to $4,400 per ounce [10][11][13] - Copper prices also surged by 44.32% throughout the year, reflecting a historic simultaneous rise in gold, silver, and copper prices for the first time since 1980 [15][17] Group 4 - The US dollar index fell by nearly 10% in 2025, primarily due to strong expectations for interest rate cuts by the Federal Reserve [18][20] - The decline in the dollar's appeal was exacerbated by a decrease in geopolitical risks and a shift in global risk appetite, leading to a flow of funds into other currencies like the euro and yen [24][22] Group 5 - The oil market faced significant declines, with WTI crude oil futures dropping over 18% and Brent crude oil futures falling over 17% due to supply overhang and changes in OPEC+ strategies [28][29][32] - Forecasts for Brent crude oil prices in 2026 vary, with Goldman Sachs predicting an average of $56 per barrel, while the World Bank estimates $60 per barrel [33]

Core Insights - The article highlights the simultaneous rise and fall of global celebrities in 2025, showcasing individuals who have made significant comebacks after facing severe setbacks, including legal issues, financial losses, and public scrutiny [2]. Group 1: Notable Comebacks - Zhao Changpeng, founder of Binance, received a presidential pardon from Trump after serving four months in federal prison and paying a $4.3 billion fine, allowing him to return to the cryptocurrency sector with a portfolio valued at $10 billion [5]. - Dylan Fields, co-founder and CEO of Figma, successfully led the company to an IPO, raising $1.2 billion, despite previous uncertainties surrounding a $20 billion acquisition offer from Adobe [11]. - Charles Ergen, CEO of EchoStar, managed to turn around the company's fortunes by selling spectrum licenses to AT&T, resulting in a threefold increase in his wealth to $14 billion [10]. Group 2: Industry Transformations - Manus, founded by Xiao Hong, was acquired by Meta for over $2 billion, marking a rapid turnaround from its previous struggles and setting a record for the speed of acquisition in the AI sector [6]. - Li Min, founder of Rockchip, saw his wealth rise from $1.4 billion to $4 billion as the company reported a 137.51% year-on-year increase in net profit, driven by successful product launches [7]. - Chen Tian Shi, founder of Cambricon, achieved a remarkable 2386.38% increase in revenue, reaching 4.607 billion yuan in the first three quarters of 2025, positioning him among the world's wealthiest individuals [8]. Group 3: Personal Resilience - Anne Wojcicki, co-founder and CEO of 23andMe, faced bankruptcy and stepped down but later regained control of the company through a successful bid by her nonprofit organization, demonstrating resilience in the face of adversity [19]. - The Gallagher brothers from Oasis reunited for a successful global tour, generating over $4.05 billion in ticket sales, marking a significant comeback for the band after years of conflict [16].

Group 1 - Chinese semiconductor firm Jian Guang Asset is forced to sell 80.2% of its stake in FTDI due to UK government intervention citing national security risks, potentially leading to significant losses for the company and its shareholders [2][7] - The precious metals market experienced significant volatility, with silver prices dropping 9.08% and gold prices falling by 1.50% on December 31, attributed to factors such as profit-taking and changes in trading conditions [2][7] - The RMB/USD central parity rate was adjusted to 7.0288, marking the highest level since September 30, 2024, with offshore RMB breaking below 6.99 [2][7] Group 2 - The A-share market showed strong performance in 2025, with the Shanghai Composite Index reaching 4000 points and total trading volume hitting 419.86 trillion yuan, indicating a bullish outlook for 2026 [3][8] - The 2026 "Two New" policy optimizes subsidy standards for the automotive industry, with a total of 625 billion yuan allocated to support the replacement of consumer goods [3][8] - The first national standard for solid-state batteries was released, aiming to regulate the industry and promote its mature development [3][8] Group 3 - Geely's subsidiary, Weirui Power, is suing Awin for 2.314 billion yuan over battery quality issues related to the Zeekr 001 model, which may lead to significant industry restructuring [4][9] - Zijin Mining expects a net profit of approximately 51-52 billion yuan for 2025, a year-on-year increase of about 60%, supported by rising gold prices [4][10] - CITIC Securities identified ten macro opportunities for 2026, including the continued accumulation of gold reserves and the integration of new technologies [4][10] Group 4 - China Energy Equipment announced the termination of an over 800 million yuan acquisition of three high-voltage electrical companies to avoid potential financial losses [5][10]

现在的美国人挺有意思，正忙着给特朗普"复盘"呢。 尤其是看完2025年这一整年的贸易战，回过头来看。 美国人发起的这场脱钩，最后居然成了给中国送的大礼包。 特朗普自己都认了，是他的一些做法，无意中给中国送了一份"大礼"。 这到底是怎么发生的？一场由美国前总统亲自"导演"的战略失误。 反而加速了中俄印的靠近，暴露了美国外交的深层困境。 事情还得从2018年说起，当时特朗普刚坐上总统宝座不久。 《国会山》报在2025年底就发表文章，直言不讳地批评这套政策是"昏招百出"。 不仅没拦住中国，反而"帮了中国一次又一次"。 这种"搬起石头砸自己脚"的剧情，在过去几年里不断上演。 特朗普最近有点郁闷，这事儿还挺耐人寻味。 嘴上说着要"让美国再次伟大"，手里却挥着关税大棒，把自家玻璃砸得最响。 2025年4月10日，就在中国宣布对美进口商品征收高达84%关税的第二天。 特朗普立马拍板，把对中国商品的关税抬高到125%，还不忘补一句"立即生效"。 一边喊打喊杀，一边却又对其他75个国家暂时举起白旗，暂停90天关税战。 这种"左一巴掌，右一甜枣"的操作，究竟是算计，还是昏招？ 看上去像是"反华"，实则"亲华"，这不是标题党。 而 ...

沐曦股份公告称，公司首次公开发行股票并在科创板上市，募集资金总额41.97亿元，净额38.99亿元。 鉴于实际募集资金净额低于招股书披露的募投项目拟投入金额，公司拟调整募投项目拟投入金额，总额 从39.04亿元调为38.99亿元，不足部分以自有或自筹资金解决。2025年12月30日，公司董事会审议通过 该议案，无需提交股东会。保荐机构认为，此次调整履行必要程序，未改变资金用途，符合公司和股东 利益。 ...

2025年A股市场收官，纵观全年，浙江资本市场交出了一份稳中有进、质效兼优的成绩单。截至2025年 12月31日，浙江共有A股上市公司731家，较年初增加16家，全国排名第2位。分区域来看，其中，杭州 231家、宁波124家、绍兴80家、台州72家、嘉兴66家、金华42家、温州42家、湖州42家、衢州22家、丽 水7家、舟山3家)。 本年度浙股依旧走势强劲，浙江共有612家公司上涨，116家公司下跌。其中全年涨幅处于前5位的浙股 分别为，天普股份、恒勃股份、品茗科技、浙江荣泰、浙江东日，涨幅分别为1,645.35%、527.03%、 428.78%、419.00%、357.82%。截至目前，浙股千亿市值共10家，其中，海康威视、三花智控分别升值 2734亿元和2228亿元。 在机构调研热度方面，中控技术、水晶光电、三花智控成为接待机构调前三强，分别接待了978家、902 家和773家机构调研。 浙江始终将资本市场发展作为产业升级的重要引擎，企业上市热情持续高涨。2025年，浙江共有17家公 司成功登陆A股，其中沪市主板5家(永杰新材、泰鸿万立、肯特催化、中策橡胶、大明电子)、科创板2 家(思看科技、健信超导) ...

超讯通信公告，公司于2023年11月与沐曦股份签订合作协议，约定2024年和2025年每年完成1万颗GPU 产品进货业绩目标。截至本公告日，公司已下达8841颗GPU产品进货订单，其中2024年进货222颗， 2025年进货4189颗。剩余4430颗订单已下达但尚未提货，公司将根据落地机房等条件成熟情况尽快提货 交付。公司与沐曦股份已签署新协议，继续开展紧密合作。 ...