白天没精神，晚上睡不着；外卖不离手，碳水当主角；放纵成习惯，营养总掉线……如何呢？又能怎？放下焦 虑，力诚破局——创新健康海洋食品，鲜享优质海洋蛋白！解馋时刻零负担，随时随地轻补给，自在状态吃出来 ~ 海风依旧，美味如约；鲜享时刻，营养满载。2025年的秋天，力诚携手学院奖带来全新产品——力诚健康海洋食 品，以深海美味接力"每日补充优质海洋蛋白质"创新理念，邀请百万青年学子鲜享健康与味蕾的双倍快乐！ 匠心深耕，创新领先 十九载前行路彰显品牌力量 随着健康养生概念的普及，越来越多的年轻人开始注重饮食营养的合理搭配，但常态熬夜、备材麻烦、难以坚持 又成为健康路上的绊脚石。 作为深耕海味零食行业的翘楚，力诚秉持着"为社会提供健康食品"的企业使命，为广大消费者打造高品质的食用 体验。面对当代年轻人的养生痛点，力诚凭借其19年来对海洋食品的深度研发经验，创新推出"力诚健康海洋食 品"，不仅满足了消费者对美味与健康的双重追求，更以实际行动推动中国居民膳食结构的优化升级和健康海洋食 品行业的创新发展。 深海美味，鲜享体验 潜心精研开创营养新选择 海洋蛋白质是大自然赐予人类的健康瑰宝?，不仅富含优质蛋白，还包含多种对人体有益 ...

在A+H企业赴港上市浪潮中，背背佳母公司可孚医疗（301087）也选择"走出去"。 可孚医疗最新公告显示，为加快推进公司全球化战略布局，提升公司海外业务拓展能力，进一步提升公司品牌形象及知名度，公司拟在境 外发行股份（H股）并在香港联交所上市，公司董事会授权公司管理层启动本次H股上市的前期筹备工作。可孚医疗表示，公司计划与相 关中介机构就本次H股上市的具体推进工作进行商讨，关于本次H股上市的细节尚未确定。 7月11日，可孚医疗披露投资者关系活动记录表，透露了去港股上市的背景原因。可孚医疗表示，首先，在政策层面，当前国家积极支持 企业"走出去"，港股上市符合政策导向，有利于公司国际化发展。其次，从市场环境来看，港股市场国际化程度高，能为企业提供优质的 融资平台。最后，从公司战略角度出发，搭建H股平台是推进国际化战略的重要举措，有助于提升公司海外业务拓展能力、优化跨境并购 的资本运作效率，并有效增强全球品牌影响力，为国际化战略实施提供有力支撑。 南开大学金融发展研究院院长田利辉在接受北京商报记者采访时表示，随着港股市场流动性改善、AH股溢价收窄，通过港股融资对企业 更具吸引力。此外，企业通过港股平台可对接全球资本 ...

本报讯（记者郭静原）近日，国家疾病预防控制局和中国气象局联合发布首个国家级高温健康风险预 警，探索建立以气候变化健康早期预警为先导的适应联动机制。这一预警因何设立、如何运作，又将如 何守护公众健康？ 这一跨越离不开持续政策推动与长期技术攻关。疾控部门与气象部门基于全国近10年2400个气象站点的 历史观测数据，构建了全国5公里分辨率的格点化分级阈值，联合研发出高温健康气象风险智能网格预 警产品及高温健康影响预报客观化产品。自2024年5月起，中国疾病预防控制中心环境与健康相关产品 安全所与公共气象服务中心组建专业联合技术攻关团队，全面推动技术融合，实现了健康气象风险预警 向定量化、精准化转变。 未来，气象部门将依托"天和"系统制作预警信息，通过国家预警发布系统、12379平台及新媒体等多渠 道精准触达应急责任人与公众，持续筑牢应对高温的全民健康屏障。 （文章来源：经济日报） "高温预警是单纯的气象预警，而高温健康风险预警体现了'气象+健康'的深度融合。"中国疾控中心环 境所副所长李湉湉介绍，该预警通过模型比较分析预报日的平均气温和最高气温与各风险等级对应的指 标阈值来判定预报日的高温健康风险等级。 中国疾控中 ...

Core Insights - The China Automotive Engineering Research Institute has completed in-depth evaluations of nearly 500 vehicle models across over 60 platforms, indicating significant advancements in automotive technology in China [1] - The safety index testing shows a remarkable increase in occupant safety ratings from 41% in 2019 to 91% in the past five years, reflecting improvements in vehicle safety standards [1] - The testing results for intelligent features reveal that domestic brands have a 90% adoption rate for navigation assistance and 88.8% for memory parking, significantly outperforming non-domestic brands [1] - The health index testing indicates a 25% reduction in formaldehyde concentration limits within vehicles and nearly a 10% decrease in temperature-related range degradation, showcasing advancements in vehicle health standards [1] Industry Developments - The upgrade and deepening of automotive indices are driven by the urgent need to align with national strategies, emphasizing the automotive industry's transition towards intelligence and sustainability [2] - Rapid technological iterations in the automotive sector present unprecedented challenges for evaluation techniques, necessitating continuous innovation in testing methods and expansion of evaluation dimensions to enhance precision [2] - Strengthening consumer rights is a priority, aimed at boosting consumer confidence in the automotive market [2]

以下文章来源于LP波谱 ，作者王满华 LP波谱 . 本账号专注LP市场报道。"波浪、谱系"是识别市场的维度，也是定义市场的坐标；此外，波谱（Pop Art）也意为放低意义与史诗 的执念，认同商业的日常之美。 将投中网设为"星标⭐"，第一时间收获最新推送 聚焦LP出资、新基金、GP招募，捕捉LP圈一周商业情报。 作者丨 王满华 来源丨 LP波谱 本周，"最强地级市"苏州又出手了，一口气发布了两只百亿级基金——"人才壹号基金"与"重大产业发展基金"。 如何留住人才、留住项目，是时下各个城市面临的共同难题。 其实从 2020 年开始，苏州就发起设立了姑苏人才基金，首期 规模 2.1 亿元。此后，又相继设立二期、三期、四期，单期规模均在 5 亿元以内。 而此次成立的这只"人才壹号基金"，除了规模远超以往，还设置了 15 年的超长存续期，直击硬科技企业从研发到产业化漫长 周期的痛点，称得上是诚意满满。 据介绍，该基金将采用"母基金 + 子基金 + 直投"的运作模式，年内预计完成 10 支子基金的设立工作。其中，青年创业子基 金将重点支持 35 岁以下人才在重点产业领域的早期项目。 与人才基金聚焦早期不同，另一只"重大产 ...

东方阿尔法健康产业混合型发起式证券投资基金 基金管理人:东方阿尔法基金管理有限公司 基金简称 东方阿尔法健康产业混合发起 基金主代码 024357 基金运作方式 契约型开放式 基金托管人:中信银行股份有限公司 报告送出日期:2025 年 07 月 12 日 东方阿尔法健康产业混合型发起式证券投资基金 2025 年第 2 季度报告 §1 重要提示 基金管理人的董事会及董事保证本报告所载资料不存在虚假记载、误导性陈述或重大遗漏，并 对其内容的真实性、准确性和完整性承担个别及连带责任。 基金托管人中信银行股份有限公司根据本基金合同规定，于 2025 年 07 月 11 日复核了本报告 中的财务指标、净值表现和投资组合报告等内容，保证复核内容不存在虚假记载、误导性陈述或者 重大遗漏。 基金管理人承诺以诚实信用、勤勉尽责的原则管理和运用基金资产，但不保证基金一定盈利。 基金的过往业绩并不代表其未来表现。投资有风险，投资者在做出投资决策前应仔细阅读本基 金的招募说明书。 本报告中财务资料未经审计。 本报告期自 2025 年 06 月 12 日（基金合同生效日）起至 2025 年 06 月 30 日止。 基金合同生效日 2 ...

Group 1 - Agricultural insurance plays a crucial role in food security, poverty alleviation, and rural revitalization, necessitating the enhancement of its productivity in the context of climate change and agricultural modernization [1] - Precision meteorological services are essential for improving agricultural risk management and production efficiency, but their high costs limit accessibility for small-scale farmers [1] - Combining precision meteorological services with agricultural insurance can significantly reduce agricultural production risks and enhance the effectiveness of the insurance system [1] Group 2 - High-standard farmland construction is vital for national food security and rural revitalization, with post-construction management quality being key to sustaining its functionality [2] - Several provinces have initiated pilot programs for high-standard farmland insurance, exploring market-based solutions for economic compensation and risk management [2] - Key issues in high-standard farmland insurance include insufficient policy support, the need for improved insurance schemes, and a lack of professional capabilities [2] Group 3 - The catastrophe bond market has evolved over nearly 30 years, becoming an integral part of the global reinsurance market, characterized by diversification and digitalization [3] - The paper analyzes the operational mechanisms, development stages, and challenges of catastrophe bonds, offering policy recommendations for the market's growth in China [3] Group 4 - The continuous growth of domestic insurance funds contrasts with the pressure on investment returns, creating opportunities for investment in strategic emerging industries [4][5] - Strategic emerging industries, supported by policies, present new avenues for insurance fund allocation, despite their inherent instability and "light asset" characteristics [5] - The paper discusses strategies for deep integration of insurance funds with emerging industries to enhance investment quality and support economic transformation [5] Group 5 - The integration of health insurance and health management is seen as a promising development, yet challenges such as value misalignment and quantifying health management outcomes persist [6] - Recommendations include incorporating preventive services into insurance claims, implementing guaranteed renewal mechanisms, and developing incentive-based health products [6] Group 6 - The rapid growth of medical insurance fund expenditures necessitates exploring avenues for preserving and increasing fund value [7] - Current limitations on fund interest rates and investment strategies hinder the potential for value growth, prompting suggestions for policy adjustments and investment operations [7] Group 7 - The dual-path model for seafarers' pension insurance faces challenges such as mismatched insurance types and structural imbalances in benefits [8] - The paper advocates for a sustainable contribution mechanism for seafarers within the employee pension insurance framework, addressing legal and practical barriers [8] Group 8 - The paper addresses practical issues surrounding the insurer's disclosure obligations in marine insurance, highlighting deficiencies in current legal regulations [9][10] - It proposes a restructuring of disclosure obligations and the establishment of a tiered disclosure system to enhance fairness and transparency in marine insurance contracts [10] Group 9 - The application of the principle of reasonable expectations in insurance law often leads to inconsistent judicial outcomes, necessitating a reevaluation of its interpretation [11] - The paper argues for a redefinition of the principle's application to improve its effectiveness in promoting economic efficiency and reducing information asymmetry [11] Group 10 - The rise in litigation cases related to professional liability insurance highlights the need for clearer regulations and optimized insurance practices [12] - The paper analyzes contentious points in insurance clauses and suggests improvements to enhance the operational framework of professional liability insurance [12]

中经记者 陈晶晶 北京报道 互联网保险模式一度被认为是打开保险机构估值天花板的"密匙"。作为"中国互联网保险第一股"，众安 在线财产保险股份有限公司（6060.HK，以下简称"众安在线"）自2017年一上市就受到市场追捧，市值 一度超过千亿。但随着近年来市场与业绩的波动，众安在线的股价再未回到此前巅峰时代。 近期，受到香港稳定币新政影响，众安在线的股价再度强劲，5月22日—29日5个交易日内，累计涨幅超 过74%，近一个月涨幅接近一倍。随着股价上涨，众安在线开始了新一轮重要资本运作，在主要股东减 持后不久，公司也启动了上市以来的首次新股配售融资。 《中国经营报》记者梳理众安在线成长轨迹发现，资本运作和股东资源加持在其发展中扮演着重要角 色，以资本运作为主线、叠加保险之外的金融布局，使众安在线的业务版图和商业故事较之其他互联网 保险公司更为"多元"和具有话题性。 随着老股东的陆续减持，众安在线的发展也面临着新的关键点：新的股东力量能带给公司怎样的发展资 源？如何进一步稳定业绩提高保费收入？多元的业务布局如何真正产生协同效应？ 减持+配售 6月26日，众安在线发布公告宣布启动H股配售，根据公告，公司拟将配售事项所 ...

Fundraising Overview - The company raised a total of RMB 1,047,987,200.00 from the issuance of 16.64 million shares at a price of RMB 62.98 per share, with a net amount of RMB 920,537,016.65 after deducting issuance costs [1][2] - All raised funds have been deposited into a special account approved by the board of directors, and a tripartite supervision agreement has been signed with the sponsor and the supervising bank [2] Project Status - As of May 31, 2025, the company has invested RMB 19,993.20 million in the "Smart Health Medical ASSP Chip Upgrade and Industrialization Project," which represents 26.66% of the planned investment of RMB 75,000.00 million [2] - The company has been using its own funds and acceptance bills to pay for project-related expenses, with plans to replace these with raised funds in subsequent quarters [2] Project Delays - The company plans to adjust the expected completion dates for its fundraising projects due to the semiconductor market's cyclical adjustments and structural demand declines, as well as the rapid technological iterations in the industry [4][22] - The company has decided to delay the purchase of office space due to the overall downturn in the real estate market since 2022, opting to conduct project research and development in existing facilities [5] Project Necessity and Feasibility - The "Smart Health Medical ASSP Chip Upgrade and Industrialization Project" is deemed necessary due to the increasing importance of national health and the government's strategic push for health initiatives [6] - The project aligns with national policies promoting the health industry and is supported by local government initiatives, creating favorable conditions for implementation [6][12] Termination of Project - The "High-Precision PGA/ADC Signal Chain Chip Upgrade and Industrialization Project" is proposed to be terminated due to the unfavorable market conditions and the high competition in the semiconductor industry [13][14] - The remaining funds of RMB 15,284.06 million from the terminated project will be kept in the special account and used for new projects with strong profitability and growth potential [16] Adjustments to Project Implementation - The company plans to increase the scope of the "R&D Center Construction Project" to include the development of smart home control chips, reflecting a strategic shift towards the smart home market [19][20] - The implementation will now involve a wholly-owned subsidiary, Shenzhen Jinghua Zhixin Microelectronics Co., Ltd., to optimize resource allocation and ensure project success [17][19] Regulatory Compliance - The adjustments to the fundraising projects have been approved by the board and supervisory committee and will be submitted for shareholder approval, ensuring compliance with relevant regulations [21][24] - The company emphasizes that these changes will not adversely affect its normal operations or shareholder interests, aligning with its long-term strategic goals [22][23]

Group 1 - In 2024, over 300 funds exited the market, marking a historic peak in fund liquidations [1] - In the first half of 2025, 129 funds announced liquidation, surpassing the same period last year [1] - Performance divergence has led to significant capital migration, with the bottom 20% of active equity funds experiencing substantial shrinkage, while the top 20% saw growth [1] Group 2 - From July 1 to July 11, 2025, nine funds were liquidated, including four initiated funds [1] - Notable underperformers include Dongcai Quality Life Selected and Yongying Excellent Selection, with returns of -17.80% and -22.86% respectively since inception [2] - The liquidation of initiated funds is primarily driven by two factors: failure to meet the minimum scale requirement of 200 million yuan and poor performance leading to investor redemptions [3] Group 3 - The initiated fund liquidation trend reflects several key industry trends, including a lack of profitability in the A-share market and decreased investor interest in equity funds [3] - Smaller fund companies have a higher liquidation rate for initiated funds, indicating a need for improvement in product marketing and investor education [3] - The liquidation mechanism encourages fund managers to focus on product design and market alignment, promoting a shift towards higher quality development in the industry [3] Group 4 - The process for handling remaining assets after initiated fund liquidation includes paying liquidation fees, settling tax obligations, and clearing fund debts [4][5] - Remaining assets are distributed to investors based on their shareholding proportions after all obligations are settled [6] - The distribution of remaining assets typically occurs in cash and may take around six months, subject to liquidity constraints [7]