每经头条（nbdtoutiao）——天水麻辣烫、淄博烧烤、荣昌卤鹅⋯⋯"泼天流量"退去后，这些城市怎么 样了？ （记者 曾健辉） 每经AI快讯，星星科技（SZ 300256，收盘价：4.17元）10月10日晚间发布公告称，公司第五届第二十 三次董事会会议于2025年10月10日在公司会议室以现场与通讯表决相结合的方式召开。会议审议了《关 于拟变更会计师事务所的议案》等文件。 2024年1至12月份，星星科技的营业收入构成为：电子器件行业占比52.54%，电动两轮车行业占比 47.46%。 截至发稿，星星科技市值为95亿元。 ...

科学与健康｜一滴水"贴膜"？我国科学家开发"液滴打印"新技术 为一颗布满沟回的大脑，无缝贴合一层比头发丝还薄的电子膜——这个类似科幻的场景，被中国科学家通过"一滴 水"变成现实。 记者12日从中国科学院化学研究所获悉，国际学术期刊《科学》已发表该所宋延林研究员团队联合多家单位开发 的一项成果。这种名为"液滴打印"的新技术，能够将超薄、易碎的电子器件膜通过液滴媒介，精准贴附于复杂曲 面尤其是生物组织表面。 2 1 温柔贴： 避免生物组织表面的薄膜受损 在脑机接口、可穿戴设备、神经修复等前沿领域，常需将柔性电子器件贴合于人体皮肤、神经甚至大脑等不规则 表面。这类器件厚度极薄，容易在贴合过程中因弯曲、拉伸而发生破损。 "这种操作就像给手机贴膜，只是贴的'膜'更软更脆，而'屏幕'也更加凹凸不平——比如大脑的沟回、纤细的神经 等。"研究人员比喻道，一滴水恰好提供了一个"温柔"的解决方案。 一滴水作为中间介质，先"拾取"超薄膜，再释放到目标表面。在此期间，液滴存在于薄膜与组织之间，既通过毛 细作用促进贴合，又像"润滑剂"一样让膜自由滑动，及时释放应力，避免了传统操作可能导致的破损。 研究成果示意图。（中国科学院化学研究所 ...

Market Overview - The Hong Kong stock market experienced fluctuations, with the Hang Seng Index closing at 23,831 points, down 145 points or 0.61% [1] - The market turnover decreased to 82.799 billion HKD, with net inflows of 484 million HKD recorded in the Hong Kong Stock Connect [1][5] - The technology sector showed resilience, with the Hang Seng Technology Index down only 0.24% [1][5] Key Companies and Performance - Semiconductor stocks performed well, with SMIC rising by 5.0% and China Hongqiao increasing by 3.6% [1][5] - Pharmaceutical companies faced declines, with Hansoh Pharmaceutical dropping 8.8% due to concerns over increased scrutiny of Chinese innovative drugs by the US [1][5] - The report highlights the strong performance of Alibaba's AI model Qwen3-Next, which has shown significant improvements in efficiency and cost-effectiveness [8] Investment Recommendations - The report suggests focusing on sectors such as artificial intelligence, semiconductors, and industrial software, which are expected to benefit from the ongoing technological advancements [3] - It also recommends monitoring upstream non-ferrous metals companies that are likely to benefit from anticipated interest rate cuts by the Federal Reserve [3] - The report emphasizes the value of investing in state-owned enterprises with low valuations and high dividends [3] Economic Data and Trends - The report notes that the cumulative net inflow of southbound funds has reached 1,065.5 billion HKD this year, surpassing last year's total of 807.9 billion HKD [3] - The automotive industry in China showed growth, with production and sales of new energy vehicles increasing by 27.4% and 26.8% year-on-year, respectively [8] - The report indicates that the market is currently favoring companies with strong fundamentals and growth potential in the context of economic recovery [3]

Core Viewpoint - The company, Instech (301622), is actively expanding its product offerings in the robotics sector while maintaining its core business in magnetic application devices for consumer electronics [1] Group 1: Product Offerings - The main products of the company include single magnetic application devices and magnetic component application devices, which are utilized in laptops, tablets, smartphones, and electronic accessories [1] - The company is also developing humanoid robot-related products and has begun supplying products in the industrial robot and household cleaning robot sectors, although the market share remains small [1] Group 2: Industry Development - The company is actively working on developing and reserving resources for humanoid robots, having already sent samples to clients for humanoid robot motors, with current progress reported as normal [1] - Specific details regarding collaborations and progress with clients are not disclosed due to commercial confidentiality agreements [1]

Group 1 - The company, Tongxingda, is identified as part of the electronic components industry [2]

Core Insights - The establishment of the "Micro-Drive Joint and Bionic Dexterous Hand Joint Laboratory" is a collaboration between the Guangming Laboratory and Shenzhen Micron Technology Co., Ltd, aiming to integrate AI technology with industry advantages to drive innovation [2] Group 1: Laboratory Collaboration - The joint laboratory will leverage Guangming Laboratory's AI technology and Micron Technology's industry strengths to achieve breakthroughs in key technologies and incubate high-potential enterprises in embodied intelligence [2] - The laboratory is supported by the Agile Epoch team from Guangming Laboratory, which specializes in dexterous drive mechanisms and human-compliant interaction, showcasing a strong combination of software and hardware capabilities [2] Group 2: Strategic Goals - The laboratory aims to create a demonstration of deep integration between technological innovation and industrial innovation, focusing on the application of AI "root technologies" to drive technological breakthroughs [2] - Micron Technology's management emphasized the importance of combining their experience in electronic components with Guangming Laboratory's AI advantages to enhance their strategic layout in embodied intelligence [2]

Group 1 - The company Tongxingda (SZ 002845) announced on August 27 that its fourth board meeting was held on August 25, 2025, to review the non-operating fund occupation and other related fund transactions for the first half of 2025 [1] - For the first half of 2025, the company's revenue composition was 100.0% from optoelectronic devices and other electronic devices [1] Group 2 - The pet industry is experiencing a significant boom, with a market size of 300 billion yuan, leading to a surge in stock prices for related listed companies [1]

Core Viewpoint - Jinko Electronics Holdings Co., Ltd. (02551.HK) anticipates a slight increase in revenue for the first half of 2025, but a significant decline in net profit due to strategic investments and increased competition in the automotive sector [1][2] Group 1: Financial Performance - The company expects revenue between RMB 1.08 billion and RMB 1.178 billion, representing a year-on-year growth of approximately 0% to 10% [1] - Net profit is projected to be between RMB 10 million and RMB 20 million, reflecting a year-on-year decrease of about 60% to 80% [1] Group 2: Strategic Investments - Increased costs are attributed to the construction of the Guangzhou Lingwei Visual Greater Bay Area headquarters and R&D base, aimed at enhancing technical capabilities and order acquisition [1] - The company believes these investments will lay a solid foundation for long-term growth despite short-term cost increases [1] Group 3: Business Segments and Outlook - The company's main business segments include automotive intelligent vision, new displays, and high-end lighting, which exhibit a certain level of market resilience [2] - The new display and high-end lighting segments are expected to maintain stable growth in the first half of 2025 [2] - The automotive intelligent vision segment has seen significant year-on-year growth in orders for automotive-grade components, indicating strong product competitiveness and growth potential [2] - The board expresses confidence in the company's medium to long-term growth potential as strategic investments begin to yield benefits [2]

Core Insights - The research team at the Ningbo Institute of Materials Technology and Engineering has made a significant breakthrough in the field of next-generation spintronic devices, transforming obstacles to electron movement into performance enhancers, providing a new approach to overcoming the core bottleneck faced by spintronic devices [1][3] Group 1: Spintronic Devices - Spintronic devices theoretically possess advantages such as high speed and non-volatility, but face challenges related to high write current and power consumption, hindering large-scale application [1][2] - The "power wall" has become a critical bottleneck for industry development, as traditional electronic technologies approach their performance limits due to increased power consumption and heat generation from densely integrated components [1] Group 2: New Physical Principles - The research team discovered a new physical law, termed "non-traditional scaling law," indicating that crystal defects, previously seen as obstacles, can enhance the performance of devices by strengthening the orbital effect when interacting with the orbital flow of electrons [3] - This finding provides a new physical basis for developing efficient orbital electronic devices and offers fresh design ideas for the field of spintronics [3]

Core Viewpoint - Shengjing Micro's financial performance in the first half of 2025 shows steady growth, with revenue and net profit increasing significantly, indicating a positive trend in the company's operations [1][3]. Financial Performance - In the first half of 2025, Shengjing Micro achieved operating revenue of 235 million yuan, a year-on-year increase of 2.4% [1]. - The net profit attributable to shareholders reached 14 million yuan, reflecting a substantial year-on-year growth of 57.66% [1]. - The net profit margin improved from 2.01% in the first half of 2024 to 6.60% in 2025, an increase of 4.59 percentage points, indicating enhanced profitability [3]. - The gross profit margin decreased from 36.46% in the first half of 2024 to 34.58% in 2025, a decline of 1.88 percentage points [3]. - The return on equity (ROE) for the first half of 2025 was 0.91%, up by 0.28 percentage points year-on-year [3]. Operational Efficiency - Shengjing Micro's inventory turnover days improved to 261.74 days, a reduction of 21.86% compared to the first half of 2024, indicating better inventory management [5]. - The net cash flow from operating activities was 50 million yuan, a significant turnaround from a negative 39 million yuan in the same period of 2024, showcasing improved cash flow conditions [5]. - The asset-liability ratio for the first half of 2025 was 11.08%, down by 4.19 percentage points year-on-year, reflecting a more robust financial structure [5]. Institutional Holdings - As of the first half of 2025, the number of institutions holding Shengjing Micro's stock decreased to 10, down from 2,178 in the same period of 2024, indicating a decline in institutional investor confidence [7]. - The company's market capitalization peaked at 6.944 billion yuan on January 29, 2024, while the current market cap stands at 4.183 billion yuan, suggesting a need for a 66.02% increase in stock price to reach its historical high [7]. - Despite the decline in institutional holdings, improvements in profitability and cash flow position the company favorably for future growth [7].