智通财经1月28日讯（记者 李迪）春节假期渐近，但公募基金行业的投研人士却仍保持着高强度调研节 奏，全力备战年后行情。 商业航天仍是公募机构重点挖掘的热点方向，星辰科技、太力科技、超捷股份近一周均获多家公募密集 调研。参与调研的机构重点围绕技术研发、产能情况及客户情况等核心问题进行交流。 另外值得注意的是，海上风电装备供应商——大金重工凭借海外业务爆发，吸引了汇添富基金、易方达 基金等47家基金公司的调研。这家公司的欧洲市场布局、日韩新兴市场拓展及海外项目排产发运情况是 调研机构的核心关注点。 同时，史上最长春节假期催化下，消费板块的关注度也有所升温，食品饮料、文娱旅游领域的公司获得 多家公募的调研。业内人士对记者表示，春节假期有望催生消费领域的结构性机会，叠加扩大内需政策 持续发力，消费股有一定的估值修复潜力。 公募机构仍高强度调研，商业航天是重要方向 春节假期临近，许多行业已经逐渐步入放假状态，但公募基金行业的投研人士仍在积极调研。为了备战 年后行情，多家公募的投研团队都仍保持着较高强度的调研节奏。 太力科技在近一周也获得长城基金、新华基金、万家基金、宏利基金、创金合信基金等多家基金公司的 调研。调研机构 ...

Group 1 - The "2026 Hongkou District New Year Consumption Season" was launched on December 31, 2025, featuring over 60 cultural, tourism, and commercial activities to enhance the festive atmosphere during key consumption periods such as New Year, Spring Festival, and Lantern Festival [2] - Activities include the "Riverside Ice and Snow Season" at the North Bund, the "Wishing Wonderland" experience at the White Magnolia Square, and the "72-Hour New Year Party" at the Binhang Commercial Center, among others, covering major commercial districts and cultural landmarks [2] Group 2 - The "Happy Shopping Hongkou" consumption vouchers and promotional activities were launched simultaneously in three key commercial areas, with the Ruihong New World offering extended hours and promotional events on New Year's Eve [3] - During the three-day New Year holiday, Ruihong New World will provide a dining voucher package worth 400 yuan for every 1,000 yuan spent, with nearly 100 participating restaurants [3] - The Binhang Commercial Center will distribute one million consumption vouchers, with dining discounts as low as 3.8 times off and retail and service discounts up to 50% [3] Group 3 - The launch event invited popular bloggers from the "Shanghai Network Quality Blogger Development Service Center" to serve as "Star Promoters" for the consumption season, with over 200 creators and a total fan coverage exceeding 1 billion across platforms [4]

Group 1 - Huangpu District is launching a series of consumer promotion activities themed "Celebrating New Year in Huangpu," covering from late December to early March, coinciding with key festivals like New Year's Day, Spring Festival, and Lantern Festival [1] - The Nanjing Road shopping district will host the event "Nanjing Road Welcomes the New Year," integrating online and offline resources, offering millions in consumer vouchers, and extending operating hours of over 30 merchants until the early hours of the next day [2] - The Yuyuan shopping area will introduce New Year’s Eve dinner gift boxes from several renowned brands, and the Yuyuan Lantern Festival will take place from January 26 to March 3, 2026, featuring themed light displays [5] Group 2 - The Huaihai Road-New World shopping district is celebrating its 125th anniversary with a narrative plan that includes themed consumer activities and artistic installations from late December 2025 to mid-February 2026 [7] - The Huangpu District Cultural and Tourism Bureau is innovating with the "Happy New Year in Huangpu" series, including a month-long "Ride to Celebrate the New Year" event and various street performances to enhance the festive atmosphere [9] - The Huangpu District Commerce Committee is implementing the "Spring Initiation Huangpu" consumer voucher program, focusing on New Year's Day and the Spring Festival, providing discounts and incentives in key shopping areas [9]

Core Insights - The "Central Radio Finance Annual Dialogue 2025" was held in Beijing, focusing on the theme "Setting Sail for the 14th Five-Year Plan: Surging New Momentum" with over 300 representatives from various sectors discussing modern industrial system construction and new productivity cultivation [1] Group 1: Event Overview - The event was guided by the Central Radio Media Group and hosted by CRI Online, featuring representatives from government, think tanks, state-owned enterprises, private companies, listed firms, and financial institutions [1] - The "Golden Peak" excellent case studies were released, showcasing innovative practices and mature experiences in areas such as new productivity, "AI+", digital finance, green development, and consumption upgrade [1] Group 2: Company Case Study - The case study submitted by Superstar Legend (6683.HK) titled "Star IP Transforms Tourism Flow into Retention, Empowering Quality Expansion of Tourism Consumption" was selected as an excellent case in the consumption upgrade category [3] - This award recognizes innovative models that drive consumption upgrades through supply innovation and demand activation, highlighting the company's successful integration of IP with tourism for high-quality economic development [3] Group 3: Implementation and Impact - The core of the model involves the use of the official 二次元 IP image "Zhou Classmate" to create a comprehensive ecosystem that merges IP with tourism and commercial performances [4] - The company identified key pain points in the tourism industry, such as short conversion chains, and implemented strategies in over 20 cities to convert the massive traffic from concerts into lasting consumer engagement [4] - For example, the 2025 Zhou Jielun concert in Shanghai attracted nearly 1.45 million participants, with over 20 million online interactions, showcasing the model's effectiveness in driving consumer engagement and city branding [4] Group 4: Future Strategy - Looking ahead, the company plans to strengthen the "Zhou Classmate" IP while expanding its original IP portfolio and integrating global top artists and venue resources through strategic investments [4] - The company is also embracing cutting-edge technology by collaborating with Yushu Technology to explore new avenues in "IP + Robotics + AI," aiming to deliver innovative entertainment experiences [4][5] - The recognition from the Central Radio Finance "Golden Peak" case serves as authoritative validation of the company's innovative practices and encourages further development of effective solutions for tourism and consumption upgrades [5]

Core Viewpoint - The event "Central Radio Finance Annual Dialogue 2025" focuses on the construction of a modern industrial system and the cultivation of new productive forces, gathering over 300 representatives from various sectors to explore innovative practices and experiences in areas such as "AI+", digital finance, and green development [1] Group 1: Event Overview - The event is guided by the Central Radio Media Group and hosted by the Central Radio Network, emphasizing the theme "Set Sail for the 14th Five-Year Plan, Surge with New Momentum" [1] - The "Golden Peak" excellent case awards were announced, highlighting innovative practices in new productive forces and consumption enhancement across nine categories [1] Group 2: Company Case Study - The case submitted by Superstar Legend (6683.HK) titled "Star IP Transforms Tourism Flow into Retention, Empowering Quality Expansion of Tourism Consumption" was selected as an excellent case in the consumption enhancement category [1] - This award recognizes the innovative model of integrating IP deeply into the tourism economy, showcasing the company's ability to drive high-quality development [1] Group 3: Business Model and Impact - The core of the model involves the use of the official secondary dimension IP image "Zhou Classmate" as a key engine, creating a full-link ecosystem that integrates "IP + tourism commercial performance" [2] - The company addresses the common pain points in the tourism industry, such as short conversion chains, by transforming temporary traffic from concerts into lasting engagement and consumption in over 20 cities [2] - The Shanghai concert in 2025 attracted nearly 1.45 million participants, with over 20 million online interactions, demonstrating the model's effectiveness in enhancing consumer engagement and retention [2] Group 4: Future Strategy - The company plans to expand its original IP matrix while consolidating the potential of "Zhou Classmate," and is investing in global top artists and scene resources to promote international model output [3] - The company is embracing cutting-edge technology through strategic partnerships to explore new avenues in "IP + robotics + AI," aiming to deliver innovative entertainment experiences [3] - The recognition from the Central Radio Finance "Golden Peak" case serves as authoritative endorsement of the company's innovative practices and encourages further development of IP-driven consumption enhancement solutions [3]

Core Viewpoint - The article highlights the vision of Hu Shihui, founder and CEO of X-META, to create immersive experiences using AI, XR, and full-sensory technology, aiming to democratize high-quality entertainment experiences across China and beyond [1][2]. Company Overview - X-META is a company that integrates AI, XR, and full-sensory technology to create immersive experience spaces, with a focus on making high-end entertainment accessible to a broader audience [1][6]. - The company has developed a product matrix that includes self-developed titles and collaborations with popular IPs, targeting various consumer segments [7]. Market Context - Guangdong is positioned as a "super scene laboratory" for new technologies and products, supported by favorable policies and a robust innovation ecosystem [3][7]. - The cultural industry in Guangdong has received significant policy support, with 87 new policies aimed at enhancing the development of sectors like digital games and performing arts [7]. Technological Innovation - X-META's core technology aims to provide a "full sensory" experience, engaging all six senses, which distinguishes it from traditional VR offerings [6]. - The company has successfully launched its flagship product, "Magic Ice Castle," which has rapidly expanded to over 30 cities in China within ten days of its release [6][9]. Business Model - X-META's business model allows for smaller, standardized experience spaces (36-50 square meters) that can be integrated into various locations, significantly lowering investment costs and making high-quality entertainment more accessible [6][8]. - The investment threshold for setting up an X-META experience is reduced to the million-level, with a much shorter return on investment period compared to traditional theme parks [6][8]. Future Expansion - The company plans to expand globally, targeting hot regions like Southeast Asia and the Middle East, leveraging its technology to provide snow experiences to populations that have never encountered snow [9][10]. - By 2029, X-META aims to establish 1,000 stores and 3,000 experience halls worldwide, creating a networked immersive experience akin to a basic version of the metaverse [10].

Group 1 - BASF integrates its Asia-based tetrahydrofuran business into its Caojing facility in China, ceasing production in Ulsan, South Korea, reflecting confidence in China's development amid global economic challenges [1] - Shanghai's foreign investment performance is strong, with 4,764 new foreign enterprises established in the first three quarters of the year, a 5.5% year-on-year increase, and actual foreign investment exceeding $380 billion [1] - Shanghai's actual foreign investment during the "14th Five-Year Plan" period has surpassed $100 billion, reaching $100.33 billion, ahead of schedule [1] Group 2 - Shanghai has the highest concentration of regional headquarters for multinational companies in mainland China, with 44 new recognitions this year, totaling 1,060 [2] - The business services sector, driven by headquarters economy, accounted for 58.83 billion USD in actual foreign investment, with its share rising from 40.7% to 48.8%, a year-on-year increase of 68.8% [2] - Policies supporting multinational company headquarters have been implemented to enhance their capabilities in various functions, including R&D and financial management [2] Group 3 - Roche invested 2.04 billion CNY in a biopharmaceutical base in Shanghai, expected to be completed by 2029 and operational by 2031, highlighting ongoing foreign investment in China's healthcare sector [3] - High-tech industries are becoming a new focus for foreign investment in Shanghai, with the share of high-tech industry investment rising from 23% during the "13th Five-Year Plan" to 33% during the "14th Five-Year Plan" [3] Group 4 - The establishment of the only Asian technology center by Evonik in Shanghai's Songjiang District signifies the city's attractiveness for foreign investment in new materials [4][5] - Zeiss signed a land use agreement for its largest infrastructure investment in China, marking significant progress for its Greater China headquarters project [5] Group 5 - Shanghai's consumer market is vibrant, with 848 new flagship stores opened from January to October, including 498 in the food and beverage sector and 275 in retail [6] - The opening of the world's largest LEGO theme park in Jinshan and the upcoming "Harry Potter Studio Tour" in Shanghai reflect the city's growing appeal in the tourism sector [6] Group 6 - The opening of the Waldorf Astoria in Shanghai adds to the city's status as a major destination for high-end tourism, with confidence expressed by Hilton's Asia-Pacific president [7]

Core Insights - The article discusses the new approach of the urban cultural tourism experience reality show "Traveling China with the Spring Festival Gala," which recently took place in Wuxi, showcasing the city's poetic landscape and cultural richness [1][4]. Group 1: Cultural and Tourism Experience - The show utilizes a narrative-driven competitive format to explore the city's cultural pulse, starting with Wuxi and following a storyline centered around music [4][7]. - Wuxi's natural beauty and cultural landmarks provide an immersive backdrop for the program, emphasizing the importance of deep cultural tourism experiences [7][10]. - The program features various cultural activities, including interactions with traditional musicians and visits to historical sites, highlighting Wuxi's rich cultural heritage [9][13]. Group 2: Economic and Developmental Aspects - Wuxi is portrayed as a thriving economic center in the Yangtze River Delta, maintaining a leading position among major cities in China with ten trillion-level industrial clusters [15]. - The show aims to transform the Spring Festival Gala's viewership into tourism revenue, with projections indicating that Wuxi will receive over 15.56 million tourists during the 2025 Spring Festival, generating approximately 15.98 billion yuan in tourism revenue [21]. - The integration of cultural landmarks and tourism strategies is designed to enhance Wuxi's profile as a cultural and technological city, appealing to younger audiences [10][19].

Core Viewpoint - The company has announced the establishment of a wholly-owned subsidiary focused on the design and production of robotic systems, aiming to enhance its technological capabilities and expand its business scope [1] Group 1: Subsidiary Establishment - The new subsidiary will concentrate on the design and production of robotic bodies, as well as the research, production, and sales of core components such as motion control systems, intelligent perception and algorithms, dexterous manipulators, and modular joints [1] - The subsidiary aims to create general-purpose robots that are characterized by high precision, flexibility, and adaptability across multiple scenarios [1] Group 2: Business Integration and Development - The new subsidiary will collaborate with the existing business segments, including hotel, catering, cultural tourism, and entertainment ecosystems, to leverage synergies [1] - The establishment of the subsidiary is expected to accelerate the research and application of new technologies, while also expanding the company's development space and attracting more talent for long-term growth [1]

Core Viewpoint - The company has announced the establishment of a wholly-owned subsidiary focused on the design and production of robotic bodies, aiming to enhance its existing business operations and expand into new markets [1] Group 1: Subsidiary Establishment - The new subsidiary will concentrate on the research, production, and sales of core components such as motion control systems, intelligent perception and algorithms, dexterous manipulators, and modular joints [1] - The goal is to create general-purpose robots that are highly precise, flexible, and adaptable to multiple scenarios [1] Group 2: Integration with Existing Business - The subsidiary will collaborate with the company's current operations in sectors including hotels, catering, cultural tourism, and entertainment ecosystems [1] - This integration is expected to accelerate the research and application of new technologies while expanding development opportunities [1] Group 3: Long-term Development - The establishment of the subsidiary is anticipated to attract more talent and lay a solid foundation for the company's long-term growth [1]