一度从辉煌跌落的邮轮业用价格撬动新的旺季。经历2024年暑期价格崩盘（部分航线跌价60%）后，皇 家加勒比、爱达邮轮转向文化跨界求生，推出"哪吒闹海""乐高大师课"等主题航次，五一上海港创下单 日3万人次出入境新高。 IP的价值被反复验证：光线传媒凭《哪吒之魔童闹海》150亿票房横扫春节档，一季度净利润暴涨 374.79%至20.16亿。董事长王长田却在市值腰斩之际减持套现5.38亿，折射出电影业对单IP的深度焦 虑。IP商业化更汹涌的浪潮发生在消费端：良品铺子、洽洽年联名超50次，IP合作创收71亿；霸王茶姬 借"成功学"人设打造品牌叙事；Labubu潮玩则依托明星营销引爆社交声量；故宫餐饮人均500元的"进宫 吃饭"热潮，印证了文化IP溢价对消费理性的压倒性胜利。 文 | 界面财经号编辑团队 界面号是智通财经旗下的优质新媒体平台，拥有财经号、城市号、媒体号三大平台。 界面号致力于汇聚和传播互联网上最优质的原创内容，更好地配置内容分发渠道，同时挖掘界面号的原 生内容创造力，为用户和广告主创造价值。 智通财经编辑部每个月综合衡量阅读量、评论数、点赞数、收藏数等客观指标和选题重要性、信息量、 专业性等主观指标， ...

证券研究报告 金工 稳定战胜基准的主动基金有何特征 华泰研究 2025 年 6 月 10 日│中国内地 专题研究 具备什么特征的主动权益基金，跑赢基准的概率更高？ 我们使用 2015 年底至今（2025 年 4 月底，下同）基金按月滚动三年跑赢 自身基准的概率来衡量基金是否容易战胜基准。结果显示，①行业配置高度 稳定的基金跑赢基准的平均概率显著高于轮动型基金，Brinson 分解结果也 显示近年来主动基金选股收益的稳定性和贡献度高于行业配置收益。②长期 稳定在大盘价值风格的基金跑赢基准的平均概率较高，用去掉 Alpha 的风格 指数测算跑赢沪深 300 的概率，也可以获得相同的结论。③主题型基金中， 细分行业差异较大的医药主题基金跑赢基准的平均概率更高，消费和 TMT 主题基金跑赢基准的平均概率则更低。 绩优基金可分为六类，价值基金、小盘基金和科技主题基金数量较多 我们将 2015 年底至今滚动三年收益率跑赢基准收益率+10%的概率在 80% 以上的基金定义为绩优基金，符合要求的基金数量共 138 只。我们提取了 绩优基金近五年月度收益率，PCA 降维后进行 K-Means 聚类分析，最终将 绩优基金划分为了 ...

在汽车公园，长春汽车职业技术大学和富民街道的志愿者们对永春河及两岸的白色垃圾、枯枝杂草、生 活垃圾和河面漂浮物进行清理，同时向周边群众开展环境保护宣传，呼吁居民杜绝在河边乱扔杂物等不 文明行为，确保河道环境整治工作长治长清。 在永春河海棠湾公园，前程街道统筹整合多方力量，组建由"党员先锋队+志愿者服务队+村民代表"组 成的一线清理队伍，对河道开展"拉网式"排查，清理河道两侧的塑料袋、矿泉水瓶、烟蒂、果皮等垃 圾，确保排查全覆盖，努力打通河湖管护的"最后一公里"。 在永春河后二道河子西，汽开区城市管理局组织辖区众意保洁有限公司，对沿线河道及河岸周边积存的 各类生活垃圾、废弃物、堆积物进行"地毯式"清理，确保河道水清岸净，用实际行动呼吁和带动居民群 众一起保护水环境，一起做生态文明的守护者。 为增强辖区群众"爱河、护河、守河"意识，以实际行动号召广大群众积极参与环境保护，共同营造干净 整洁的水生态环境，携手共建美丽家园。6月7日，长春汽开区开展"深化河湖长制 共建幸福河湖"集中 清洁日活动，此次活动标志着汽开区河长制宣传月正式拉开序幕。 在西湖公园，企业河长单位一汽红旗制造中心的工作人员和富民街道的社区志愿者们， ...

金十数据6月10日讯，国家卫生健康委规划发展与信息化司司长庄宁在国新办新闻发布会上表示，将围 绕"日常疾病在基层解决"，实施医疗卫生强基工程，坚持"强基层、固基础、保基本"，细化实化中央部 署的医疗卫生强基工程并抓好贯彻落实。在基本公共卫生服务人均财政补助标准提高到99元以后，我们 将进一步优化服务，力求取得更大实效。持续开展"优质服务基层行"活动，加强基层儿科、中医、口腔 等服务能力，重点提升一批中心卫生院服务能力，进一步提升基层服务能力和诊疗服务质量，推进基层 医疗卫生服务提质增效。 （中国网） 国家卫健委：进一步提升基层服务能力和诊疗服务质量 ...

Core Viewpoint - The province is set to comprehensively promote the construction of maternity-friendly and child-friendly hospitals, aiming for 90% of maternity hospitals and over 90% of child-friendly hospitals by the end of 2030 [1][2]. Group 1: Maternity-Friendly Hospitals - By the end of 2025, the proportion of maternity-friendly hospitals among maternity medical institutions is targeted to reach 15% [1]. - By the end of 2027, this proportion is expected to increase to 50% [1]. - The final goal is to achieve 90% by the end of 2030 [1]. Group 2: Child-Friendly Hospitals - By the end of 2025, 30% of tertiary and 15% of secondary medical institutions are planned to be established as child-friendly hospitals [2]. - The target for 2027 is to have over 60% of child-friendly hospitals among those providing child healthcare services [2]. - The ultimate goal is to reach 90% by the end of 2030 [2]. Group 3: Service Capacity Enhancement - The province emphasizes improving maternity service planning and quality to ensure maternal and infant safety [2]. - There is a focus on enhancing children's healthcare services, including emergency care and multidisciplinary treatment [3]. - The introduction of traditional Chinese medicine (TCM) in pediatric care is encouraged, with specific techniques promoted for common pediatric conditions [3].

日前，中共中央办公厅、国务院办公厅印发《关于进一步保障和改善民生着力解决群众急难愁盼的意 见》（以下简称《意见》）。《意见》立足全局，着眼长远，系统擘画新时代新征程民生建设的发展方 向和重点任务，将为持续增进民生福祉注入强大动力。 民生政策因时而进 保障和改善民生没有终点，只有连续不断的新起点。《意见》适应时代发展要求，紧扣人民群众最关心 最直接最现实的利益诉求，努力找准民生建设的方向和重点，精准优化政策举措。 不断满足人民群众对美好生活的新期待。新时代以来，我国社会主要矛盾已经转化为人民日益增长的美 好生活需要和不平衡不充分的发展之间的矛盾，民生需求呈现多样化、多层次、多方面等特点，要求民 生政策在兜底保障基础上，进一步拓展功能，更加注重公平、均衡、普惠、可及。 准确把握新发展阶段特征。提高人民生活品质，是畅通国内大循环的出发点和落脚点，也是国内国际双 循环相互促进的关键联结点。立足新发展阶段，必须强化宏观政策民生导向，推动更多资金"投资于 人"、服务于民生，在民生保障中不断发现、培育和打造新的经济增长点，形成经济发展和民生改善相 互促进的良性循环。 深刻把握人口变化趋势性特征。我国总体上已由人口增量发展转 ...

图片来源：视觉中国 蓝鲸新闻6月9日讯（记者 徐晓春）2024年2月，可靠股份实控人金利伟、鲍佳夫妇离婚，鲍佳分得可靠股份约29.13%的股份，当时对应市值约 13亿元。与此同时，金利伟重新掌握经营管理权，接替鲍佳任职可靠股份总经理，离职后鲍佳仅为上市公司董事。 由此，二人之间的纷争以董事会为"战场"悄然拉开帷幕。离婚一年多的时间，鲍佳至少对10项董事会议案投出过弃权或者反对票，对金利伟等 管理层的质疑包括投资不谨慎、违规关联交易等诸多事项。今年4月，鲍佳对可靠股份与杭港公司超2000万元未经董事会审议关联交易再度提 出质疑。6月3日，鲍佳提请董事会，要求召开临时股东会审议关联交易相关议案，遭到否决后，6月8日晚，鲍佳再向监事会提出申请，离婚案 后的纷争仍没有走到终局。 鲍佳再次要求提请股东会审议关联交易 6月6日，可靠股份董事会会议否决了董事长金利伟前妻鲍佳提请召开临时股东会的议案，表决结果显示，7位董事中仅鲍佳投出1票同意票，独 立董事景乃权投出弃权票，其余5位董事均投出反对票。 6月8日晚，可靠股份公告称，鲍佳转而提请监事会召开临时股东大会，审议关于可靠股份2025年日常关联交易的预案，其中包括与侨治公 ...

Core Insights - The Shanghai 180 Index is a benchmark broad-based index in China's capital market, reflecting the price performance of core listed companies in the Shanghai market [2][3] - The index has undergone significant optimization to enhance its representation, investment quality, and stability, aligning with the evolving economic structure and investment demands [2][3][6] Index Characteristics - The Shanghai 180 Index includes 180 large-cap, liquid stocks from the Shanghai A-share market, representing approximately 61% of the market's total market capitalization [2][3] - The index's optimization has improved its coverage of revenue, dividends, and net profits to approximately 63%, 76%, and 82%, respectively, compared to previous levels [3] Performance Metrics - The annualized return of the Shanghai 180 Index is 7%, outperforming other mainstream broad-based indices, with a cumulative return of 266% over the past twenty years [4] - The index's dividend yield is approximately 3.3% in 2024, consistently higher than that of other similar indices, supported by companies with sustainable profitability [5] Industry Representation - The optimized index features a more balanced industry distribution, including 16 stocks from the Sci-Tech Innovation Board, which collectively account for 9% of the index's weight [3][6] - The index's industry balance rules ensure that its sample weight distribution aligns closely with the overall industry characteristics of the Shanghai market [6] Long-term Investment Value - Nearly 60% of the index's constituent stocks are state-owned enterprises (SOEs), which are expected to benefit from policies promoting value re-evaluation and improved fundamentals [7] - The index's constituent stocks have maintained a high dividend payout ratio of around 90%, with total dividends exceeding 1 trillion yuan in the past year [7] ESG Considerations - The optimization process has excluded companies rated C or below in ESG evaluations, making the index more appealing to foreign investors [8] Product Ecosystem - The Shanghai 180 Index serves as a comprehensive tool for investors to access high-quality core assets and growth-oriented companies in the Chinese economy [9] - Following the index's optimization, multiple fund managers have actively launched related index products, enhancing the investment ecosystem [9]

Core Viewpoint - The transformation of secondary public hospitals into specialized institutions such as rehabilitation and pediatric hospitals is a key direction for their development, addressing the challenges of patient distribution and operational efficiency [1][11]. Group 1: Performance and Trends - The performance assessment of secondary public hospitals has shown significant improvements over the past five years, with enhanced operational mechanisms and increased patient satisfaction [1]. - In 2023, the proportion of minimally invasive surgeries and tertiary surgeries among discharged patients reached 15.2% and 41.8%, respectively, marking a year-on-year increase [3][6]. - The number of secondary public hospitals participating in performance monitoring decreased to 3,607 in 2023, down from 3,633 in 2022, indicating a trend of hospital reduction [2][12]. Group 2: Specialization and Transformation - Many secondary public hospitals are transitioning from comprehensive services to specialized care, focusing on common diseases and enhancing their clinical capabilities [1][11]. - The shift towards specialized hospitals is supported by government policies aimed at promoting nursing and rehabilitation services, as well as addressing the needs of aging populations [11][12]. - The average length of hospital stays has decreased to under 9 days, reflecting improved operational efficiency [1]. Group 3: Regional Disparities - There are significant regional disparities in the capabilities of secondary public hospitals, with hospitals in Eastern and Central China showing stronger performance compared to those in Western regions [8][10]. - The CMI (Case Mix Index) and the proportion of tertiary surgeries exhibit a decreasing trend from East to West, highlighting the uneven distribution of healthcare resources [8]. Group 4: Challenges and Future Directions - Despite improvements, secondary public hospitals face challenges such as talent shortages, particularly in pediatrics and nursing, which may hinder their ability to specialize effectively [12][13]. - The government emphasizes the need for better integration of healthcare services and the extension of quality medical resources to secondary public hospitals [13].

数据统计显示，中证医疗指数近一个月上涨4.50%，近三个月下跌4.01%，年至今上涨1.46%。 从中证医疗指数持仓样本的行业来看，医药卫生占比97.55%、信息技术占比2.18%、主要消费占比 0.27%。 资料显示，指数样本每半年调整一次，样本调整实施时间分别为每年6月和12月的第二个星期五的下一 交易日。权重因子随样本定期调整而调整，调整时间与指数样本定期调整实施时间相同。在下一个定期 调整日前，权重因子一般固定不变。特殊情况下将对指数进行临时调整。当样本退市时，将其从指数样 本中剔除。样本公司发生收购、合并、分拆等情形的处理，参照计算与维护细则处理。 金融界6月6日消息，A股三大指数收盘涨跌不一，中证医疗指数 (中证医疗，399989)下跌0.94%，报 6591.32点，成交额113.31亿元。 据了解，中证医疗指数选取业务涉及医疗器械、医疗服务、医疗信息化等医疗主题的医药卫生行业上市 公司证券作为指数样本，以反映医疗主题上市公司证券的整体表现。该指数以2004年12月31日为基日， 以1000.0点为基点。 从指数持仓来看，中证医疗指数十大权重分别为：药明康德（11.63%）、迈瑞医疗（9.59% ...