（来源：吴说） 作者：a16z crypto 编译：深潮 TechFlow 链接：https://www.techflowpost.com/zh-CN/article/29839 声明：本文为转载内容，读者可通过原文链接获得更多信息。如作者对转载形式有任何异议，请联系我们，我们将按照作者要求进行修改。转载仅用于信息 分享，不构成任何投资建议，不代表吴说观点与立场。 隐私将成为今年加密领域最重要的护城河 隐私是推动全球金融上链的关键功能。然而，目前几乎所有现存的区块链在隐私方面都存在明显的短板。对于大多数区块链来说，隐私问题似乎只是一个事 后才考虑的附属功能。然而，现在的隐私功能本身已足够强大，可以成为区块链脱颖而出的差异化竞争优势。 隐私的作用不仅仅是提供安全性，它还能带来更重要的价值：它能够创造链上的锁定效应，形成所谓的"隐私网络效应"。在性能竞争已经不再是唯一决定因 素的今天，这一点尤为重要。 得益于跨链桥协议，只要数据公开透明，从一个链迁移到另一个链已经变得非常简单。但一旦涉及隐私，情况就不再如此：转移代币很容易，但转移秘密却 很困难。当你从一个私密链转移到一个公开链，或者在两个私密链之间切换时，总会有 ...

每经AI快讯，2025年12月26日，深交所发布关于对吴加维、陈奕纯、吴加和、吴雄驰、深圳市远致瑞 信混改股权投资基金合伙企业（有限合伙）给予通报批评处分的决定。 2020年11月14日，深圳市智动力精密技术股份有限公司（以下简称智动力或公司）实际控制人吴加维、 陈奕纯夫妇的一致行动人吴加和（系吴加维兄弟）、吴雄驰（系吴加维与陈奕纯之子），与深圳市远致 瑞信混改股权投资基金合伙企业（有限合伙）（以下简称混改基金）签署《关于智动力股份转让协议》 （以下简称《股份转让协议》），约定吴加和、吴雄驰分别将其持有的公司8,199,757股（占总股本 4.01%）、2,230,763股（占总股本1.09%）无限售流通股转让给混改基金，转让股份合计占公司总股本 5.1%。在《股份转让协议》签署同日，吴加维、陈奕纯与吴加和、吴雄驰以及混改基金签署《关于智 动力股份转让协议之补充协议》（以下简称《补充协议一》），补充约定了吴加和与吴雄驰的差额补足 义务以及吴加维、陈奕纯的连带责任保证等事项。 2020年11月16日，智动力发布相关提示性公告，披露了《股份转让协议》的基本情况，但未披露《补充 协议一》相关情况。2022年10月1 ...

Economic Performance - In November, China's equipment manufacturing industry saw a year-on-year increase in added value of 7.7%, contributing 59.4% to the growth of industrial added value [1] - The production index for information transmission, software, and IT services grew by 12.9%, while leasing and business services increased by 8.4% [1] Consumer Market - The "old-for-new" policy has effectively boosted sales in home appliances and communication products, with retail sales from January to November for home appliances, audio-visual equipment, cultural office supplies, and communication devices increasing by 14.8%, 18.2%, and 20.9% respectively [1] - Service retail sales in cultural, sports, and online entertainment sectors also showed strong growth, with year-on-year increases exceeding 10% [1] Investment Trends - From January to November, investment in equipment and tools rose by 12.2%, contributing 1.8 percentage points to overall investment growth [2] - Investment in the electricity and heat production and supply industry increased by 12.5%, while internet and related services, and water transportation investments grew by 20.7% and 8.9% respectively [2] Price Trends - The Consumer Price Index (CPI) rose by 0.7% year-on-year in November, marking a 0.5 percentage point increase from the previous month, with core CPI also showing a continuous upward trend since May [2] Corporate Performance - From January to October, the operating income of large-scale industrial enterprises grew by 1.8%, with profits increasing by 1.9%, marking three consecutive months of growth [2] - Profits in the equipment manufacturing and high-tech manufacturing sectors rose by 7.8% and 8% respectively, while the service sector saw a 7.6% increase in operating income and a 7.8% rise in profits [2] Economic Outlook - Despite challenges, China's economy is resilient, supported by strong macro policies, with international organizations raising growth forecasts for China [3] - The chief economist of China Minmetals Bank anticipates that the economic and social development goals for the year will be successfully achieved, with policies expected to become more proactive in 2026 [3]

Group 1 - The company announced the appointment of Wu Yaohua as the new Deputy General Manager and Chief Financial Officer, following the approval of the board's nomination and audit committees [1] - As of the latest report, the company's market capitalization stands at 4 billion yuan [3] Group 2 - For the first half of 2025, the company's revenue composition shows that the telecommunications industry accounts for 97.29%, while other businesses make up 2.71% [2]

Group 1 - The company, Zhihui Power (SZ 300686), announced that its fifth board meeting was held on October 22, 2025, via telecommunication to review the proposal for the full text of the "2025 Q3 Report" [1] - For the first half of 2025, the company's revenue composition was 97.29% from the telecommunications industry and 2.71% from other businesses [1] - As of the report date, Zhihui Power's market capitalization was 3.9 billion yuan [1]

（记者 胡玲） 2025年1至6月份，智动力的营业收入构成为：通讯行业占比97.29%，其他业务占比2.71%。 每经头条（nbdtoutiao）——能给主人"打电话"的宠物智能手机也来了！宠物产业3000亿元市场大爆 发，行业上市公司"涨"声一片 每经AI快讯，智动力（SZ 300686，收盘价：14.13元）8月27日发布公告称，公司第五届第二次董事会 会议于2025年8月26日在东莞智动力电子科技有限公司办公楼二楼会议室以现场方式召开。会议审议了 《关于公司<2025年半年度报告>全文及其摘要的议案》等文件。 ...

Group 1 - The company, Zhihui Power (SZ 300686), announced the convening of its fifth board meeting on August 4, 2025, in Dongguan [2] - The meeting reviewed the proposal for electing the chairman of the fifth board of directors [2] - For the fiscal year 2024, the company's revenue composition shows that the communications industry accounts for 98.48%, while other industries account for 1.52% [2]