盘中股价再创历史新高，现涨超6%报4.89港元。 消息面上，大众公用此前在互动平台表示，公司参股深创投，而深创投及其基金持有宇树科技股份。据悉，宇树科技预计于今年四季度向证券交易所提交上 市申请文件。此外，9月26日，上交所官网披露信息显示，摩尔线程科创板IPO申请通过上交所上市委会议审议。摩尔线程成立后曾获得包括深创投在内的 多家机构投资。 编辑/Jeffy ...

《报告》以创业生态系统理论为指引，利用大量的统计数据，对我国科技创业百强城市进行了综合、客 观且动态地监测和分析。从区位分布来看，2025年，城市科技创业能力依然呈现"东强西弱"的特征，排 名前十的城市中，除武汉外，均为东部城市；从省域分布来看，广东和江苏均有13个城市进入科技创业 百强城市，领跑全国；山东、浙江和辽宁紧随其后，分别有9个、7个和6个城市进入科技创业百强城 市。 从排名变化情况看，2025年综合排名上升的城市有50个，其中，排名上升超过15位的城市包括宿迁(23 位)、吉安(21位)、咸宁(18位)、保定(18位)、自贡(15位)。在京东的带动下，宿迁电子商务类科技创业活 动活跃；吉安、咸宁和自贡作为中西部城市，通过创新驱动实现转型。排名下降的城市有44个，其中， 排名下降超过15位的城市包括景德镇(-25位)、包头(-21位)、惠州(-20位)、滁州(-19位)、潍坊(-18位)、襄 阳(-18位)、辽阳(-16位)和河源(-15位)。 近日，《中国城市科技创业评价报告2025》在北京发布。《报告》显示，2025年，北京科技创业能力排 名第一，深圳和南京分别排名第二和第三，杭州和珠海分别排名 ...

Core Insights - The "China Urban Technology Entrepreneurship Evaluation Report 2025" indicates that Nanjing ranks third nationally in technology entrepreneurship, maintaining its position from the previous year, showcasing strong development resilience [1] - Nanjing's technology level ranks second nationally, improving one position from the previous year, with the number of incubated enterprises and research output both ranking first in the country [2] - Nanjing is recognized as an important center city in eastern China, with abundant educational and research resources that provide favorable conditions for technology entrepreneurship [3] Technology Strength - Nanjing's high-tech strength is highlighted by its 53 universities and nearly one million students, which continuously supply intellectual resources for technology startups [2] - The successful application of 6G high-precision positioning technology in commercial spaces demonstrates the practical impact of local startups [2] Entrepreneurial Environment - Nanjing's "environment and platform" index ranks fourth nationally, reflecting improvements in infrastructure, policy support, and resource guarantees [4] - The city has implemented policies to enhance the conversion of scientific achievements, focusing on collaboration between universities, strategic technology forces, and enterprises [5] Support for Startups - The establishment of the Nanjing New R&D Institution has provided crucial support for startups, including seed funding and comprehensive assistance [6] - The "Double High Coordination" action plan aims to enhance collaboration between key industrial parks and universities, promoting organized research and conversion [7] Sustainable Development - Nanjing is exploring sustainable development paths, including large-scale promotion of distributed photovoltaics and hydrogen energy public transport [7] - The city is committed to enhancing the quality of life for residents through environmentally friendly initiatives and high-quality consumer goods [7]

《中国城市科技创业评价报告2025》发布 科技创业第三城，南京凭什么 □ 南京日报/紫金山新闻记者 张安琪 9月27日，《中国城市科技创业评价报告2025》正式发布。这份在国家社会科学基金支持下编制的权威 报告，对全国百座城市的科技创业水平进行了综合考量。 《报告》显示，南京科技水平一级指标排名全国第二，较上一年前进一位；基础指标中，孵化企业数 量、科研产出双双稳居全国第一，基础研究排名保持全国第二。 作为科技名城，南京拥有高校53所、在校大学生近百万人，高能级科研院所集聚，为科技创业提供了源 源不断的"智力燃料"。不久前，在第九届未来网络发展大会上，6G高精度定位技术智慧医疗场景创新 联盟完成重磅签约，参与签约的南京鑫合通感科技有限公司，便是紫金山实验室运用"拨投结合"机制转 化的首个项目。 "北斗、GPS卫星信号在室外有用，而传统的室内定位技术，要么成本高，要么误差大，要么需要独立 再建定位网络。"鑫合通感公司总经理陆海斌介绍，团队利用5G信号大带宽、多天线、密部署的特征， 历时多年将室内定位精度从早期的米级提高到分米级别，有效解决了卫星导航系统在室内"失灵"的难 点。 去年9月注册至今，鑫合通感公司已拿 ...

9月27日，《中国城市科技创业评价报告2025》发布。《报告》显示，江苏有3个城市综合得分进入 前十：南京、苏州和无锡分别位居第三、第七和第十。 进入前十行列的城市依次为：北京、深圳、南京、杭州、珠海、上海、苏州、广州、武汉和无锡。 北京、深圳、南京和杭州得分超过45分，被《报告》列入"超一流梯队"；珠海、上海、苏州、广州、武 汉和无锡得分超过36分，进入"第一梯队"；长三角地区的合肥、嘉兴、常州、宁波和镇江得分超过30 分，处于"第二梯队"。 评价设置5个一级指标：企业培育、高质量创新创业、创新网络化、科技水平、环境与平台。 先看南京：一级指标方面，科技水平排名第二，环境与平台排名第四，均比上一年前进一位。具体 到基础指标，在孵企业、科研产出排名第一，基础研究排名第二，绿色产业排名第三，皆与上一年保持 一致。《报告》提出，南京是我国东部地区重要的中心城市，是全国重要的科研教育基地和综合交通枢 纽，丰富的科教资源为科技创业提供了有利条件。南京在产学研合作创新等方面仍有待提升，在绿色产 业方面具有发展潜力，建议加大政策支持，以激活动能。 再看苏州：一级指标方面，企业培育排第三，比上一年前进6位；高质量创新创业排 ...

报告由上海市科学学研究所、国家技术转移东部中心、科寻科汇（上海）科技服务有限公司联合编撰， 综合评析上海先锋企业发展状况。分为综述篇、产业篇、企业篇三个部分，聚焦上海两大先导产业重点 领域初创科技企业，坚持数据驱动，遴选具有高成长潜力的先锋企业，希望为决策者、投资者、从业者 提供洞察高成长科技企业重要依据。 在创新链中，资金是永远绕不开的重点。由上海市科学学研究所、上海市金融稳定发展研究中心、上海 市科技创业中心等联合编撰的《上海科技金融生态年度观察2024》通过科技信贷、科技保险、股权投 资、多层次资本市场等多个维度，跟踪分析上海科技金融生态变化，并围绕体制机制创新提出观点，分 享多项实践案例，旨在为行业提供参考、为决策提供支持。数据显示，2019年至2024年间上海科技金融 生态指数整体趋稳，2024年指数及增长率较2023年略有回落。截至2024年，上海科技型企业贷款余额近 1.3万亿元，上海市科技创业中心科技履约贷等系列政策性信贷产品累计完成66.68亿元。科技保险方 面，相关政策文件与产品目录陆续推出，临港新片区创新引领区建设持续推进。（记者王春 刘垠） 9月22日，2025浦江创新论坛成果发布会举 ...

Core Viewpoint - The article discusses the controversy surrounding the use of pre-prepared dishes in restaurants, highlighting the need for mandatory labeling to ensure transparency and fair competition in the food industry [1]. Group 1: Industry Concerns - The behavior of restaurants removing "made to order" signs while potentially using pre-prepared dishes is criticized as deceptive, leading to unfair competitive advantages [1]. - The article emphasizes that if restaurants do not disclose the use of pre-prepared dishes, it could force other establishments to adopt similar practices to survive, ultimately harming the industry [1]. Group 2: Company Financial Issues - The company, Smartisan Technology, has faced significant financial challenges, with the founder, Luo Yonghao, stating that he has repaid a total of 824 million yuan, exceeding the previously reported debt of over 600 million yuan [4]. - Legal disputes and additional penalties have increased the total debt by nearly 100 million yuan due to various lawsuits and fines [4]. - Smartisan Technology clarified that the 15 million yuan borrowed from Zihui Venture Capital is a company debt, not a personal one for Luo Yonghao, who has expressed willingness to repay it personally but is delaying due to ongoing defamation issues [2].

据证券时报，今年上半年延续了2024年的趋势，中小企业成为赴美IPO的主体，募资规模普遍较小，多 数企业的募资额在500万美元至1500万美元之间。 这意味着，此次修改上市标准的新规一旦生效，包括一些原本符合上市条件的中国企业在内的中小企 业，上市纳斯达克的门槛难度增加。 来源：智通财经 当地时间9月3日，纳斯达克宣布提议修改上市标准，并表示正将拟议规则提交给美国证监会审核，获批 后将立即实施。 修订后的标准包括：最低公众持股量市值1500万美元（目前为500万美元），适用于根据净利润标准在 纳斯达克上市的新公司；对存在上市缺陷且上市证券市值低于500万美元的公司，加快其停牌和退市流 程。 对主要在中国运营的新上市公司，公开发行募集资金最低要求为2500万美元。 相对于纽交所，纳斯达克一直对上市的财务要求更低、周期短。其科技股的定位，对科技股溢价显著， 能给予人工智能、自动驾驶、新能源等赛道企业更高估值，因此也吸引不少选择赴美上市的中国科技创 新型企业。 据悉，2024年中国公司在美股纳斯达克上市数量达到52家，再创历史新高，比高峰期的2019年的29家还 多。 2025年上半年，中资企业的出海步伐也没有停歇 ...

Group 1: Hong Kong Capital Market Performance - Hong Kong's capital market has rapidly recovered in 2025, with significant capital inflow and the highest IPO fundraising globally [1][3] - The total equity financing in Hong Kong reached 2897.40 billion HKD, with IPOs contributing 1240.06 billion HKD, reflecting year-on-year increases of 286.52% and 584.22% respectively [4] - The number of IPOs in Hong Kong has increased to 304, with 51 companies listed, indicating a 14.29% rise in quantity [4] Group 2: Intermediary Institutions' Business Surge - Intermediary institutions in Hong Kong, including brokers, law firms, and accounting firms, are experiencing a surge in business due to the active IPO market [3][5] - The issuance fees for 51 listed companies in 2025 reached 53.40 billion HKD, nearly matching the total for the entire year of 2024 [3] - Major accounting firms have seen significant increases in their audit and advisory services due to the heightened demand from IPO activities [5][6] Group 3: Future Outlook for IPOs and Intermediaries - The second half of 2025 is expected to maintain or even increase the IPO activity in Hong Kong, with over 200 companies having submitted listing applications [9] - The demand for legal services has surged, with law firms completing 15 IPO projects in the first half of 2025, reflecting a growth rate exceeding the industry average [5][6] - Intermediary institutions are optimistic about the future, anticipating continued growth driven by favorable policies and international capital inflow [8][9] Group 4: Real Estate Market Recovery - The demand for office space in Hong Kong's core business districts is showing signs of recovery, driven by the active IPO market [10][12] - The rental prices for Grade A office buildings in Central have dropped nearly 45% from their peak in 2019, making them attractive to financial institutions [11] - The resurgence in the IPO market is expected to positively impact the leasing demand for office spaces, particularly in Central [13] Group 5: Growth in Hong Kong's Tech Sector - The strong performance of the capital market has revitalized Hong Kong's tech sector, with a notable increase in the number of startups [14][15] - The number of startups in Hong Kong reached 4694 in 2024, a 10% increase from 2023, with significant growth in health, medical, and green technology sectors [14] - Investment in Hong Kong's tech sector is projected to rise, with venture capital funding expected to grow from under 500 million USD in 2015 to 5 billion USD by 2025 [17]

Group 1: Core Insights - The event in Hangzhou on May 30, 2025, marked the establishment of the Zhejiang Provincial Association of Science and Technology Entrepreneurs, along with the release of support packages for technology entrepreneurs [1][2] - The policy support package includes financial incentives for newly recognized national and provincial manufacturing innovation centers, offering one-time rewards of 20 million yuan and 10 million yuan respectively [1] - The financial support package aims to expand financing channels for technology entrepreneurs, including a special fund of 200 million yuan for equity financing, with individual support up to 20 million yuan [2] Group 2: Talent Development - The event announced the selection of 10 science entrepreneurs and 10 young science entrepreneurs for 2025, as part of a program initiated in 2024 to cultivate innovative entrepreneurs with scientific knowledge and international vision [3] - A total of 416 entrepreneurs participated in the selection process, leading to the establishment of a dynamic talent pool of 1,000 individuals [3] - The program aims to continuously introduce high-end intellectual resources, supporting the establishment of academic and expert workstations in eligible enterprises [2]