本文字数：1710，阅读时长大约3分钟 作者 | 第一财经 秦新安 "防止形成规模性返乡滞乡"——近日，农业农村部一则会议新闻中的这一表述，引发社会广泛关注。 部分自媒体将其曲解为"不准进城务工人员返乡"，制造了无端的焦虑。 事实上，这一表述源于"全国乡村工匠培育暨脱贫人口务工就业'两稳一防'（稳定脱贫人口务工规模、 稳定脱贫人口务工收入，防止因失业导致规模性返贫）工作会议"，会议主要精神的完整表述是："要 继续实施好返乡回流脱贫人口促就业专项行动，防止形成规模性返乡滞乡。"可见会议针对的只是脱 贫人口，而非所有农民工，并且施政目的是"促就业"而不是"阻流动"。 既然是"防止"，说明脱贫人口"规模性返乡滞乡"现象尚未发生。但有关部门提出这一要求，应该是关 注到了发生这种现象的苗头或隐患。这种前瞻意识和能力值得肯定。不管该现象是否会发生，把准备 工作做在前面，总比临时抱佛脚好。 2025.11. 30 一是加强对农民工的职业技能培训，帮助他们掌握新技术、新工种所需的能力，提高在新兴产业中的 求职竞争力。 2025年以来，重庆和山东两地开展劳务协作，其中巫溪县立足本地十大特色产业，联 合泰安企业和培训机构，开展订 ...

2025.11. 30 本文字数：2324，阅读时长大约4分钟 作者 | 第一财经 王珍 多家中山企业向第一财经记者确认，中山佳能打印机工厂已于11月21日停产，员工临时放假到11月 28日，目前该厂正在与员工、供应商结清关系。 有中山佳能的供应商告诉记者，中山佳能工厂停产对当地供应商影响不大，该厂员工补偿方案预计晚 些时候会出台，一些高管预计下周一将回去上班，处理工厂停产的后续事宜。 业内人士指出，中国打印机市场竞争加剧、国产品牌崛起、无纸化办公普及以及佳能策略调整等综合 因素导致了此次工厂停厂。 截至发稿前，佳能方面并未对上述内容进行回应。 中山佳能工厂停产 此图来自企业官网 中山佳能打印机工厂所属的佳能（中山）办公设备有限公司，11月24日向全体员工发出公告称，近 年由于市场环境急剧变化，LBP（激光打印机）市场持续萎缩、中国国内LBP品牌快速崛起，公司经 营困难持续加剧，决定11月21日停止生产经营。 据IDC的数据，2025年上半年中国A4激光打印设备出货量317.7万台，同比下降5%；A3激光打印设 备出货量27.2万台，同比下降10%。同时，中国激光打印机市场竞争加剧，国产品牌份额扩大。IDC ...

指数突破可能的三个条件 证券研究报告 ——策略周观点 [Table_ReportDate] 2025 年 11 月 30 日 请阅读最后一页免责声明及信息披露 http://www.cindasc.com 1 策略研究 [策略周报 Table_ReportType] | 李畅 策略分析师 | | --- | | 执业编号：S1500523070001 | | 邮 箱： lichang@cindasc.com | 徐国铨 策略研究助理 邮 箱：xuguoquan@cindasc.com [指数突破 Table_Title] 可能的三个条件 [Table_ReportDate] 2025 年 11 月 30 日 核心结论：11 月以来市场延续宽幅震荡，波动有所加大。我们认为直接 原因在于，市场进入业绩和政策空窗期，依靠预期和估值支撑的行情对 不确定事件或利空因素反应敏感。经济数据走弱和海外市场扰动都可能 加剧市场波动。但背后还有一个重要原因是资金格局的影响。四季度以 来居民资金流入放缓，拉长了牛市中期换手率达到高点后市场缩量震荡 的时间。从指数突破可能的条件来看，年底优先关注 12 月中央经济工 作会议是否能够带 ...

Core Viewpoint - The article emphasizes the focus on non-consensus long-short investment ideas within the biotechnology sector, particularly targeting small to mid-cap companies in the US and EU markets, with an interest in clinical catalysts and new drug launches [1]. Group 1: Investment Focus - The company specializes in identifying investment opportunities in small to mid-cap biotechnology firms that are publicly traded [1]. - There is a particular emphasis on clinical catalysts and earnings related to new drug launches as key areas of interest for investment [1]. Group 2: Analyst's Position - The analyst holds a beneficial long position in the shares of PHVS, indicating a personal investment interest in this specific company [2]. - The article is authored by the analyst without external compensation, reflecting personal opinions rather than institutional views [2]. Group 3: Content Disclaimer - The content provided is for informational and educational purposes only and should not be interpreted as financial or investment advice [3][4]. - The article acknowledges the potential for errors and inaccuracies, emphasizing the importance of conducting due diligence before making investment decisions [3].

美媒《华盛顿邮报》11月29日刊文声称，中国在稀土领域的主导地位，在很大程度上是美国的官僚习气 所成就的，美国需要迅速采取行动，改革审批流程，尽快实现稀土自给自足。 文章作者是美国前参议员米特·罗姆尼的国安顾问梅格·赖斯（Meg Reiss），她也是专注于供应链风险管 理的科技公司SolidIntel的创始人兼首席执行官。 赖斯在文中指出，中国控制着全球90%以上的稀土加工产能，几十年来，中国在每一步都占据了主导地 位，而美国稀土生产商和政策制定者却玩忽职守。 "现在，中国正在充分展示其稀土实力，"文章写道，随着中方对美国国防系统必不可少的关键矿产实施 出口管制，其发出的信息十分明确：北京掌握着美国防务生产节奏的杠杆。 文章称，美国需要迅速行动，实现稀土自主化。然而，那些建立稀土加工能力的美国企业，却受制于繁 琐的国内法规，包括冗长的审批流程和司法审查。 作者随后脑补了印太地区可能发生的冲突，以此说明冗长的程序及其不确定性会导致美国在指挥和控制 方面出现漏洞。 文章称，虽然美国可以在国内开采部分矿产，但大多数需要送到中国进行加工，再买回来用于防务系 统。这意味着，一旦掌握供应链中游环节，就能左右美国重建、维修 ...

Investment Rating - The report suggests a focus on the generative AI model leader iFlytek, AI hardware companies such as Hikvision, Hongsoft Technology, and Hesai, as well as companies like Maifushi that can enhance paid rates and ARPU through AI-related functionalities [3] Core Insights - The AI design platform Lovart has integrated Google's latest image generation model NanoBananaPro, introducing new features that allow processing of up to 14 images simultaneously while maintaining style consistency [2] - OpenAI launched a new feature called "ShoppingResearch" on the ChatGPT platform, providing personalized shopping research and recommendations through conversational interactions [2] - Alibaba released its first AI smart hardware product, Quark AI Glasses S1, which serves as a personal assistant with various functionalities [2] - The computer industry showed weak performance in November, contrary to historical trends, primarily due to external pressures such as geopolitical conflicts and internal factors like weak revenue growth [2][11] - The report anticipates a rebound in the spring following a three-month correction, with historical data suggesting a new round of elasticity typically follows a 2-4 month correction in non-bear market phases [2] Summary by Sections Computer Industry Insights - The report identifies high-growth areas for 2025, including AI computing power and LiDAR, with accelerating growth in AI applications and stable growth in software outsourcing, financial IT, quantum computing, data elements, EDA, and overseas software [10][12] - The report highlights the current pressures on certain sectors, such as industrial software and medical IT, while noting that sectors like smart transportation and government IT are stabilizing [10][12] Market Performance Review - From November 24 to November 28, 2025, the computer industry index (Shenwan) decreased by 3.08%, outperforming the CSI 300 index by 1.44 percentage points [13] - The report lists the top five companies with the highest gains and losses during this period, indicating a mixed performance across the sector [14] Upcoming Key Events - The report highlights two significant upcoming events: the "Artificial Intelligence +" Industry Ecosystem Conference and the 8th GAIR Global Artificial Intelligence and Robotics Conference, suggesting that these events may present opportunities within the industry [24][25]

新华财经上海11月30日电（记者王淑娟）近日，硅电容生态大会在上海召开。与会嘉宾指出，在高端电 子元器件领域，传统MLCC（多层陶瓷电容）长期面临"卡脖子"困境。与当前主流的陶瓷电容相比，硅 电容在高频、高可靠、小型化方面具备天然优势，预计将是百亿级的全球赛道。 全球知名的市场调查公司Transparency Market Research数据显示，2021年全球硅电容市场规模为15.8亿 美元，随着AI服务器、电源管理、光通信需求的爆发，未来三年硅电容将进入快速成长阶段。 朗矽科技创始人汪大祥表示，"AI芯片的功耗大、频率高，电源稳定性直接影响运算效率。硅电容能在 高频下提供极低阻抗，起到稳压核心的作用。优异的高频特性，在光模块中起到高频滤波等作用。" 对于如何缩短与国际巨头的差距，汪大祥表示，"中国市场庞大、应用多元多样，客户对新技术接受度 高，这让我们能够快速试错、优化快速迭代，与AI等应用场景的结合得更加紧密。与国际巨头相比， 我们在品牌影响力和客户信赖度上仍在追赶，但在技术迭代、产品涉及与定制化封装上更加灵活快速， 可针对各个应用场景提供更高性价比的解决方案。" 据悉，朗矽科技于2023年3月成立， ...

每经记者｜黄宗彦 每经编辑｜吴永久 信息披露是注册制的核心之一。同花顺iFinD数据显示，今年以来（截至11月27日），至少有60家A股公司因信息披露问题被处罚，原因包括且不限于信息 披露虚假或严重误导性陈述、未及时披露公司重大事项、未依法履行其他职责等。 除了直接公布处罚信息外，沪、深、北三大交易所还在每年的第四季度发布上一年上市公司信息披露评价结果，以此辨别上市公司信披优劣。 10月底，沪、深两大交易所陆续披露了2024年度的上市公司信息披露评价工作结果，每经资本眼专栏记者统计了近九年（2016至2024年）沪、深两市的评价 数据（注：由于上交所网站仅有2015年之后的评价数据，因此沪深两市均按照9年数据进行统计，北交所是今年首次发布评价结果，故不纳入统计），并深 入分析评价结果与公司经营水平、二级市场表现、回报投资者等维度之间的关联。 统计数据显示，两市历年获评A级的公司不仅保持了"分红公司数量多、业绩成长性高、股价走势稳"的良好态势。需要注意的是，市场风险分化特征也较为 突出：历年获评D级的公司只有不到三成进行年度分红，最少一年只有不到一成公司分红；还有去年6家公司的评价"暴雷"（从A直接下滑到C）， ...

ADAM, the robot barista serving up shots of java at CESMartine ParisCES, the global innovation showcase that has long set the tone for the year ahead in tech, is returning to Las Vegas in January to explore the shift in AI from gimmicky features to the foundation of nearly every product category. LG and Samsung will be sharing their vision for the home of the future. Lenovo will be taking over The Sphere with an immersive keynote and experience. Sony Honda Mobility will be giving its next generation electri ...

Investment Rating - The report maintains a "Buy" rating for the optical module industry, specifically recommending companies like Zhongji Xuchuang and Xinyi Sheng [5][13]. Core Views - The optical module industry is entering a high prosperity cycle driven by the explosive demand for AI computing power, with supply becoming the core issue. Major manufacturers are accelerating capacity expansion in both mainland China and Thailand, with a significant capacity release expected in Q1 2026, leading to a new growth phase for performance [1][3][4][22]. Summary by Sections Investment Strategy - The report emphasizes the importance of the optical module sector and suggests focusing on companies involved in computing power, particularly in optical communication, such as Zhongji Xuchuang, Xinyi Sheng, and Tianfu Communication [10][16]. Market Review - The communication sector has seen an increase, with optical communication performing particularly well, as indicated by various indices showing significant growth rates [18][21]. Supply and Demand Dynamics - The report highlights a supply gap in the optical module industry due to rapidly growing computing power demands, with structural shortages in upstream optical chips and slow capacity ramp-up being critical constraints [26][24]. Financial Data and Capacity Expansion - Financial data supports the intensity of capacity expansion, with Zhongji Xuchuang reporting a 1765.7% increase in construction projects compared to the beginning of the year, indicating strong order demand and confidence in long-term industry prosperity [3][24][25]. Future Outlook - The report anticipates a gradual process from "capacity release" to "performance realization," with initial challenges in yield improvement and cost control, but expects scale effects to drive steady performance growth as production scales up [9][25].