（三）强化"三项举措"。全面推行消费投诉信息公示，实现消费投诉信息可查可溯。2025年，消费者投诉信息公示率为99.16％，公示重点经营者消费投 诉信息33条。全面规范投诉举报处置工作，出台《投诉举报处理工作流程》，系统规范受理、分流、办理、反馈等各环节工作程序；配套制定《12315投 诉举报指挥中心工作制度》，科学界定工作职责、优化运行机制。全面提升投诉举报处置效能，采取平台日监控、人工电话催、工作群催等方式，加大对 临期件、到期件、超期件的催办督办力度；定期向各县市通报数据核算结果，以评促改、以评提质。 2025年，凉山州市场监管局围绕《凉山州优化消费环境三年行动实施方案（2025－2027年）》，以"放心舒心消费示范创建"为核心打出组合拳，推动全州 消费环境持续向好。 （一）深化"一个创建"。2025年确定西昌市、越西县、冕宁县为第四批次试点打造特色示范载体。西昌市在"大石板古村"创建凉山首个"放心舒心消费示 范乡村"，聚焦旅拍、餐饮、民宿等行业，推动乡村消费环境提质升级。越西县打造"嶲湖金街"示范街区，并在街区设立"消费维权工作站"。冕宁县重点 打造"长征西路"示范街区，评定30家示范店，推动商家履行 ...

Group 1: Industry Overview - The home appliance and light industry in 2026 should focus on four investment themes: domestic demand supported by old-for-new policies, supply-side improvements in the power bank industry, and the rise of niche consumer products in service consumption [1] - The white goods sector is expected to benefit from the old-for-new policy, with a significant increase in consumer spending projected [44] - The overall performance of the light industry outperformed the CSI 300 index, with a cumulative increase of 24.68% from January to December 2025 [12][15] Group 2: Key Companies - Midea Group is developing a second growth curve through its B-end business, particularly in data center liquid cooling, which shows significant potential [2] - Haier Smart Home is enhancing its operational system through a data-driven approach, improving competitiveness across product, cost, and supply chain [2] - TCL Electronics and other companies in the black goods sector have shown strong performance, benefiting from the old-for-new subsidy policy [21] Group 3: Market Trends - The power bank industry is expected to see improved market conditions due to new regulations, which will raise industry standards and potentially eliminate many low-quality brands [2] - The "Guzi economy" is tapping into emotional consumption needs, with domestic IP supply increasing and consumer spending on IP expected to grow significantly [3] - The folding bicycle market is transitioning from niche to mainstream, with significant growth potential driven by urban mobility needs [3] Group 4: Export and New Markets - The export chain is gradually recovering from tariff disruptions, with a focus on companies that have strong overseas production capabilities to mitigate tariff risks [3] - New product categories, such as pool cleaning robots, have substantial growth potential, with Chinese companies expected to increase their market share [3] - Emerging markets in Africa and Latin America present new opportunities for multinational hygiene product companies [3]

美的集团B端业务打造第二增长曲线，其中数据中心液冷业务开拓潜力较大。目前其市盈率相对较低， 该行认为估值尚未充分反映B端业务价值。海尔智家当前以"数据驱动智能决策-闭环优化"为核心打造全 新运营体系，在产品、成本和供应链端都实现竞争力的有效提升。海信系C端协同效率仍有较大提升空 间，B端需要高效资源整合，或有望以资本运作为抓手，探索"中间路径"。充电宝行业有望迎来新规带 动格局改善。《移动电源安全技术规范》计划于2026年一季度正式发布。该行认为认证过程趋严提升行 业门槛，大量白牌有望出清，目前行业集中度&高端化仍有很大空间。绿联科技&安克创新有望受益。 智通财经APP获悉，国盛证券发布研报称，2026年年家电轻工行业应重点把握四条投资主线：内需端1) 需求侧有以旧换新政策托底的白电行业有望依托股息率具有较好的配置价值，供给侧充电宝行业有望迎 来新规带动格局改善、国产五金市占率提升正当时;2)服务消费正当其时，人、货、场重构对应消费降 级中的利基消费品——潮玩、折叠自行车、3D打印。外需端1)传统品类走出关税干扰恢复趋势明确， 关注具有海外生产能力+强渠道产品力标的;2)新的品类和新的市场开拓带来的机遇。 国 ...

证券时报记者 吴瞬 2025年，港股IPO以总计2858亿港元的募资额重登全球首位，成为全球资本市场中最亮眼的存在。进入 2026年，这一势头进一步强化：开年之初，国产GPU企业壁仞科技以及大模型企业智谱AI与MiniMax便 集体登陆港股市场，为全年市场奠定了鲜明的科技基调。 目前，港交所排队上市企业数量超过300家，形成了庞大的后备上市梯队。其中，科技与A to H（即A股 企业赴港二次上市）将成为贯穿2026年港股IPO市场的两大核心主题与关键驱动力。多家市场机构预 测，2026年港股IPO募资规模有望延续强势，并突破3000亿港元。 300余家企业排队上市 港交所披露易显示，截至2025年底，排队等待上市的企业数量达到316家。在2025年末至2026年初之 际，港交所再次迎来递表高峰期。证券时报记者统计发现，2025年12月共有32家公司递表；而在2026年 1月以来短短7天中，就有16家公司递表。 排队企业阵容亮眼，涵盖多个领域龙头。比如中国第二大宠物医疗服务提供商瑞派宠物，世界最大的印 制电路板供应商之一的景旺电子，充电宝巨头安克创新，中国最大独立第三方换电解决方案提供商奥动 新能源等。 202 ...

登录新浪财经APP 搜索【信披】查看更多考评等级 炒股就看金麒麟分析师研报，权威，专业，及时，全面，助您挖掘潜力主题机会！ 2025年，港股IPO以总计2858亿港元的募资额重登全球首位，成为全球资本市场中最亮眼的存在。进入 2026年，这一势头进一步强化：开年之初，国产GPU企业壁仞科技以及大模型企业智谱AI与MiniMax便 集体登陆港股市场，为全年市场奠定了鲜明的科技基调。 目前，港交所排队上市企业数量超过300家，形成了庞大的后备上市梯队。其中，科技与A to H（即A股 企业赴港二次上市）将成为贯穿2026年港股IPO市场的两大核心主题与关键驱动力。多家市场机构预 测，2026年港股IPO募资规模有望延续强势，并突破3000亿港元。 再迎递表高峰 300余家企业排队上市 港交所披露易显示，截至2025年底，排队等待上市的企业数量达到316家。在2025年末至2026年初之 际，港交所再次迎来递表高峰期。证券时报记者统计发现，2025年12月共有32家公司递表；而在2026年 1月以来短短7天中，就有16家公司递表。 排队企业阵容亮眼，涵盖多个领域龙头。比如中国第二大宠物医疗服务提供商瑞派宠物，世界最 ...

2025年，港股IPO以总计2858亿港元的募资额重登全球首位，成为全球资本市场中最亮眼的存在。 进入2026年，这一势头进一步强化：开年之初，国产GPU企业壁仞科技以及大模型企业智谱AI与 MiniMax便集体登陆港股市场，为全年市场奠定了鲜明的科技基调。 目前，港交所排队上市企业数量超过300家，形成了庞大的后备上市梯队。其中，科技与A to H（即A股企业赴 港二次上市）将成为贯穿2026年港股IPO市场的两大核心主题与关键驱动力。多家市场机构预测，2026年港股 IPO募资规模有望延续强势，并突破3000亿港元。 再迎递表高峰 300余家企业排队上市 澳洲会计师公会大中华区副会长梁祐庭认为，展望2026年，港股IPO能否延续相对活跃的态势，关键仍取决于 市场正反馈机制是否能够持续运转。 港交所披露易显示，截至2025年底，排队等待上市的企业数量达到316家。在2025年末至2026年初之际，港 交所再次迎来递表高峰期。证券时报记者统计发现，2025年12月共有32家公司递表；而在2026年1月以来短 短7天中，就有16家公司递表。 排队企业阵容亮眼，涵盖多个领域龙头。比如中国第二大宠物医疗服务提供商瑞 ...

针对重组事件，凤凰网财经《公司研究院》致电罗马仕多个工商电话，一直未能接通。 此后，凤凰网财经《公司研究院》联系罗马仕官方旗舰店在线客服，对方的回复是："公司基于现阶段经营策略调整的需要，决定对部分部门延长停工停产 状态。在此期间，客服及售后团队始终保持正常运作。" 上述客服告诉凤凰网财经《公司研究院》："罗马仕充电宝在处理召回，充电宝产品都已下架。目前正在售卖的产品只有充电头和线材。目前热线电话整改 中，暂时无法为您服务，我司客服中心现已全部采用线上客服进行回复。" 来源丨凤凰网财经《公司研究院》 作者丨DW 它曾是年出货 5000 万台、双 11 连续 11 年销冠。如今，深陷质量安全危机的国民品牌却要靠红杉资本、金沙江创投的投资，以及供应商债转股来"自救"。 从充电宝明星企业到停工停产，罗马仕正试图从召回近50万台产品、被罚124万元、工厂停工的连环打击中艰难突围。 据相关媒体报道，2026年1月，罗马仕正式启动名为"重生计划"的内部重组方案，计划于第一季度完成资金引入与重组，并重新获取3C认证以恢复销售体 系。 然而，在规划"重生"的同时，罗马仕却向内部员工下达了"休止符"。据九派财经报道，2025年 ...

Group 1 - Burger King's online ordering system experienced a crash due to a surge in traffic, leading to user complaints about app malfunctions and service disruptions [1] - Burger King China issued apologies and announced plans to reopen the 2026 ambassador New Year's gift box for pre-order on Tmall [1] - A strategic partnership was formed between Burger King and CPE Yuanfeng to establish "Burger King China," granting exclusive rights for brand development in the Chinese market [2] Group 2 - The facial cleansing brand "Washing Bear" faced multiple store closures, with customers unable to access services or refunds, raising concerns about potential fraud [3][4] - The founder of Washing Bear expressed regret over regulatory shortcomings and clarified that the closures were due to individual stores violating agreements with headquarters [3] Group 3 - The French skincare brand Filorga announced the closure of its official flagship store, marking the second closure of its online channels within three years due to strategic business adjustments [4][6] Group 4 - Xiaomi reported over 410,000 vehicle deliveries in 2025 and clarified that statements regarding vehicle performance were misinterpreted and not official marketing claims [7][8] - The company emphasized the importance of clear communication and transparency in its marketing practices [8] Group 5 - Yushutech denied reports of applying for a "green channel" for its IPO, asserting that its listing process is proceeding normally and that it will take legal action against misleading reports [11][12] - The company showcased its humanoid robot H2, highlighting its capabilities in a recent video [12] Group 6 - Romashi initiated a "Rebirth Plan" for restructuring after facing significant challenges, including a product recall due to safety issues, and is seeking investment to restore its sales system [16][17] - The company had previously recalled 167,000 charging devices, which accounted for 34.1% of the total recalled units [17] Group 7 - Elon Musk announced a major update for the AI assistant Grok, which has gained over 30 million monthly active users and is now ranked highly in various app stores [18][19] - The update includes enhanced image processing capabilities, allowing users to create dynamic videos from old photos [19] Group 8 - During the New Year holiday, 142 million domestic trips were made in China, with total spending reaching approximately 847.89 billion yuan, indicating a strong recovery in the tourism sector [20] - The increase in travel was supported by a rise in consumer spending and interest in winter tourism activities [20] Group 9 - A ticketing error by Damai led to early sales of tickets for an event, prompting an apology and a commitment to refund affected customers [21][23] Group 10 - The Yangzhou iQIYI Park is set to open on February 8, 2026, featuring various interactive experiences and entertainment options [25][26]

Core Viewpoint - Roma's "Rebirth Plan" is a critical restructuring initiative aimed at reversing its operational difficulties, with plans to secure funding and re-establish its product sales system by Q1 2026 [3] Group 1: Restructuring and Financial Plans - Roma has initiated a restructuring plan called "Rebirth Plan," which is set to officially launch in January 2026 [3] - The company aims to complete funding and restructuring efforts by the first quarter of 2026, alongside regaining new 3C certification [3] - Roma is in discussions with notable investment firms like Sequoia Capital and GSR Ventures, with some expressing investment interest [3] - The company is negotiating debt-to-equity solutions with several suppliers and has committed to gradually repaying debts once profitability is achieved [3] Group 2: Regulatory Issues and Penalties - In December 2025, Roma was penalized by the Shenzhen Market Supervision Administration for violating mandatory certification regulations and false advertising, resulting in a confiscation of illegal gains amounting to over 12,000 yuan and a fine of 1.23 million yuan [4] - The company faced previous challenges, including product recalls and operational bans due to safety issues, leading to a six-month suspension of operations starting July 2025 [4][9] Group 3: Market Position and Future Strategy - Roma's internal sources indicate confidence in new products, with plans to relaunch sales coinciding with the implementation of new national standards for mobile power supplies in February 2026 [10] - The company intends to position its new products in the mid-to-high-end market, utilizing high-quality materials and reliable manufacturing partnerships to enhance product offerings [10]

2025年开年，国产大模型就为我们带来了一个惊喜。今年可以说是被"DeepSeek时刻"彻底引爆的一 年。1月20日，DeepSeek-R1震撼发布，不仅在数学、代码推理能力上硬刚顶级闭源模型，更凭借仅约 600万美元的极低训练成本冲击了硅谷的算力霸权。凭借高效算法弥补算力短缺，DeepSeek进行了十分 出色的示范，昂贵的硬件成本开始被大公司更多地权衡。 进入下半年，DeepSeek并未止步。9 月推出的V3.2-Exp引入稀疏注意力机制，将 API 价格再 次"腰斩";12月发布的V3.2正式版更是将逻辑思考能力与Agent(智能体)工具调用深度融合，在IMO、IOI 等国际赛事中斩获金牌级别表现。对3C行业而言，DeepSeek的真正贡献在于其"开源平权"，它让千元 级手机、入门级AI眼镜等端侧设备也能通过超低成本的云端API实现智能体验。DeepSeek之后，国内外 AI公司纷纷开始加码开源大模型，掀起了一轮开源风潮。 【天极网手机频道】2025年即将迎来尾声，身处数码3C行业的我们也经历了跌宕起伏的一年。在这一 年中，我们见证了国产AI大模型群雄并起，与国外顶尖选手一较高下;我们惊讶于各种新形态产品 ...