Group 1: Market Dynamics - As of December 29, 2025, there were 24 new private placement projects in the last two weeks, a decrease of 2 projects compared to the previous period[5] - The approval rate for projects was 100%, with 10 projects approved by the review committee, a decrease of 17 projects from the previous period[19] - The number of projects in the normal review stage is 636, with 88 projects having received approval and registration, a decrease of 4 projects[5] Group 2: Fundraising and Investment Trends - The total fundraising amount for the 7 projects listed in the last two weeks reached 72.86 billion yuan, an increase of 364.92% compared to the previous period[33] - The average base discount rate for competitive projects increased to 11.81%, up by 2.01 percentage points[33] - The average premium rate for competitive projects was 8.31%, a decrease of 2.31 percentage points from the previous period[40] Group 3: Project Analysis - Lingyun Technology plans to raise up to 695 million yuan to acquire 100% of JAI, which has an estimated value of 103 million euros, reflecting a valuation increase rate of 680.15%[24][26] - Guangha Communication aims to raise up to 750 million yuan for the construction of a new generation intelligent scheduling system, with revenue growth exceeding 20% in 2024 and the first three quarters of 2025[27] Group 4: Market Risks - Risks include slower-than-expected review progress for private placements, fluctuations in secondary market stock prices, and changes in the pricing environment for private placements[5]

Group 1: Market Dynamics - New supply remains high with a noticeable slowdown in the approval pace, with 24 new private placement projects added in the last two weeks, a decrease of 2 projects compared to the previous period[5] - The number of projects terminated was 5, down by 6 projects, while the approval by the review committee decreased by 17 projects to 10[5] - The number of projects in the normal review stage stands at 636, with 88 projects approved and registered, a decrease of 4 projects[8] Group 2: Fundraising and Pricing Trends - The number of projects listed in the last two weeks increased to 7, with total fundraising amounting to 72.86 billion yuan, a 364.92% increase[36] - The average benchmark discount rate for competitive projects rose to 11.81%, an increase of 2.01 percentage points[36] - The average market price discount rate for competitive projects was 12.56%, slightly down by 0.07 percentage points[36] Group 3: Project Analysis - Lingyun Technology plans to raise up to 695 million yuan to acquire 100% of JAI, which has a valuation of 103 million euros, reflecting a valuation increase rate of 680.15%[25] - Guangha Communication aims to raise up to 750 million yuan for new intelligent scheduling systems, with revenue growth exceeding 20% year-on-year for both 2024 and the first three quarters of 2025[29] Group 4: Risk Factors - Risks include slower-than-expected approval progress for private placements, fluctuations in secondary market stock prices, and changes in the pricing environment for private placements[5]

当前，我国正处于产业升级与消费升级的关键交汇期，14亿人口的超大规模市场、4亿中等收入群体的 消费潜力，为产业创新提供了广阔空间。面向"十五五"，我们既要持续优化收入分配结构，更要聚焦人 工智能、高端装备、生物医药等重点领域，通过政策引导、市场驱动培育更多高附加值产业。唯有以产 业创新激活消费潜能，以增量突破带动存量优化，才能让内需真正成为拉动经济增长的主动力和稳定 锚，为中国式现代化建设注入持久动能。 在这个充满机遇与挑战的存量经济时代，产业创新不是选择题，而是必答题。当人工智能遇上超大规模 市场，当产业升级对接消费升级需求，中国经济必将走出一条"创新驱动、消费引领"的高质量发展之 人工智能作为当前确定性最高的科技方向，虽然短期内可能带来局部就业调整，但中长期将成为消费增 长的重要支撑。一方面，人工智能能显著提升生产效率，创造更多高收入岗位。例如，智能制造业的发 展让我国新能源汽车产业实现弯道超车，2024年新能源乘用车零售量达1013万辆，带动上下游产业链新 增数百万个就业岗位，相关从业者平均收入较传统制造业高出30%以上。另一方面，人工智能持续催生 新消费业态，从"虚拟试衣间""AI 试妆"优化线上购物 ...

让整个庞大机群高效、有序运转的指挥，是后台的智能调度系统。于晓颖说，这个"大脑"能实时预测各 作业面的工作量，动态优化每一台矿卡的运输路径与车速，极大减少了空驶与排队等待时间。该系统确 保了多台设备在重叠区域作业时冲突消解率达到100%，将单台矿卡的运输效率提升了10%以上。 从在断网情况下自主作业的无人挖掘机，到矿山中井然有序、自主协作的无人化机群，中国工程机械行 业的智能化路径已呈现出从单机智能向群机协同演进的轨迹。 "在灾害救援现场，救援核心是与时间赛跑，单台智能设备作业效率有限，需要智能设备的'集群协 同'。"山河智能机械工程师周斌介绍，当遥控或自主控制的推、挖、装设备形成协同作业体系，便能在 通信拒止或人员无法抵达的危险区域发挥关键作用。 这种从"单机"到"群体"的智能演进已用于工程施工现场。柳工集团的无人摊压机群在江苏的一条省道工 地上展示了"无缝衔接"：由一台无人摊铺机与四台无人压路机组成的队伍，通过高精度北斗定位、自动 控制技术与实时数据交互，自主完成了沥青路面从摊铺到压实的全流程作业，精准控制了碾压速度、遍 数与搭接宽度，消除人为操作的差异性。 面对矿区狭窄道路、连续坡道、重载粉尘等极限工况 ...

天津港引航员范起瑞每个工作日都要面对同样的挑战：将长达数百米、承载数万吨货物的巨轮，安 全、精准地引入港口。但与从前的"老港口"相比，他的工作方式已截然不同。登轮前，智能调度系统已 为他规划好最优登离轮路线和时间；在风浪中摇晃的登船软梯旁，救生机器人负责保护他的安全；在码 头上，智能运输机器人来回穿梭，井然有序。货物从装卸、转运到堆放，全部通过人工智能调度；在智 控中心，整个港口通过数字孪生系统实现高精度同步运行；在不远处，巨大的风机悠悠转动……这里就 是全球首个"智慧零碳"码头。目前，昼夜运行的天津港与世界180多个国家和地区的500多个港口保持着 贸易往来，并已连续多年跻身世界港口前十强，不断刷新着开放的"速度"与"广度"。 ...

编者按：时节如流，奋斗如歌。在"十四五"这幅波澜壮阔的时代画卷中，燕赵大地走过了砥砺奋 进、成就非凡的五年。五年里，从渤海之滨到太行山下，从城市更新到乡村蝶变，创新动能加速汇聚， 绿色基底持续厚植，开放格局不断拓展，民生福祉稳步提升。为系统总结、生动展示河北"十四五"期间 的丰硕成果与宝贵经验，央广网策划推出《决胜"十四五" 奋进新征程》大型系列报道，用笔和镜头记 录河北各地市在各领域的突破性进展和标志性成果，感受燕赵大地高质量发展的澎湃动能，为"十五 五"的开局起步凝聚磅礴力量！ 央广网唐山12月13日消息 渤海湾畔，潮涌帆扬。晨光中，唐山港的智能龙门吊臂舒展起落，无人 运输车穿梭不息，集装箱在智能调度系统下精准流转。这座从盐碱荒滩崛起的世界级大港，正以智慧赋 能为翼、以通道网络为脉，奏响向海图强的时代强音。 "十四五"以来，唐山港硬核实力持续跃升，货物年吞吐量从 7.22亿吨跃升至8.62亿吨，连续数年稳 居世界沿海港口第二位。2025 年前三季度，全港完成货物吞吐量6.53亿吨，同比增长2.62%，一串串亮 眼数据背后，是港口智能化转型的深刻变革。 在京唐港区25号泊位上，科技感扑面而来。作为河北首个全 ...

每天早上当上班族迈着紧促的脚步前往单位，京东骑手小哥祝观龙也骑上他的电动车，穿梭在老城区的 大街小巷里。他平日跑得最多的广州沙湾，聚集了大量快递、外卖从业人员。专职送外卖三四年了，自 己未来还能干什么？这是经常萦绕他和其他小哥心头的问题。 早在2019年，有头部外卖平台就业报告就显示，GDP越高的省份，骑手数量相对越多，广东的骑手数量 位居全国第一。在忙碌的工作之外，骑手们对自身职业发展与能力提升有着强烈的需求。 为回应新就业形态劳动者职业发展路径模糊、技能培训不足、学历晋升困难等问题，12月11日，广东省 教育厅与京东集团签署战略合作协议，现代骑手学院在广州揭牌成立。作为全国首家"现代骑手学院"， 其在定位层级、教学模式、培训资源、覆盖面上都更上一个层次。 当天，20名年龄不同、身着京东红色工作服的骑手坐在广州职业技术大学物流学院的课堂里，试听无人 机、安全教育等课程，祝观龙也在其中。"送外卖比较枯燥重复，现在接触到无人机、电子商务等新课 程，我会更有兴趣去学习，希望不断提升专业能力和社交能力，让自己的职业发展有新的方向。"他对 南方财经记者坦言。 这也是许多骑手的心声。据了解，现代骑手学院入学不限年龄、不 ...

作者丨孔海丽 在学历提升方面，现代骑手学院将为有意愿、符合条件的骑手提供政策解读、报考辅导、学 习资源对接等支持，协助骑手通过职业教育体系实现学历进阶。通过产教资源融合对接，致 力于为劳动者打造从技能强化到学历提升、从岗位深耕到职业转型的一体化成长生态。 编辑丨张伟贤 视频 丨 王学权 当人们谈论骑手时，脑海中最先浮现的，常是风雨无阻的身影和争分夺秒的配送。这份职业 长期被简单归类为"体力活"甚至"青春饭"。 但其实，骑手正在经历一场职业尊严的升维，他们逐渐成为电商产业高质量发展中不可或缺 的"技术流"基石。 广东"现代骑手学院"的成立，正是这场变革的关键里程碑。 12月11日，全国首家现代骑手学院在广州职业技术大学揭牌成立，聚焦骑手与快递员职业 发展，打造"学历+技能"双提升通道，构建终身学习平台，助力骑手实现职业可持续发展。 未来三年，现代骑手学院的技能培训有望覆盖京东（含德邦、跨越）在粤的所有10万+全职 骑手和一线小哥。 首先，是骑手职业内涵的"技术升维"。过去，骑手的技能被狭隘理解为认路快、骑车稳。但 现代物流早就改变了这种认知。 智能调度系统操作、无人机配送、绿色配送实践、仓储管理实务……现代骑手 ...

Core Viewpoint - The establishment of the "Modern Rider Academy" in Guangdong marks a significant milestone in the transformation of the rider profession, elevating it from a perception of mere physical labor to a respected and skilled role within the e-commerce industry [2][4]. Group 1: Academy Establishment and Goals - The first "Modern Rider Academy" was inaugurated on December 11 at Guangzhou Vocational and Technical University, focusing on the career development of riders and couriers, aiming to create a dual pathway for "education + skills" enhancement [2]. - The academy plans to provide skill training for over 100,000 full-time riders and frontline workers in Guangdong over the next three years [2]. Group 2: Skills and Career Development - The academy aims to redefine the skill set of riders, moving beyond basic navigation and riding skills to include modern logistics competencies such as smart scheduling, drone delivery, and warehouse management [2][3]. - It offers a clear career progression path from operational roles to management and technical positions, establishing a sustainable career development trajectory for riders [3]. Group 3: Societal and Corporate Implications - The establishment of the academy reflects a shift in the relationship between platforms and riders, moving from a simplistic "algorithm and execution" contract to a more collaborative "talent cohabitation" approach [3]. - A high-quality, stable, and recognized workforce of riders will be crucial for enhancing service quality, customer experience, and operational efficiency in the e-commerce sector [3]. Group 4: Broader Educational Initiatives - The Guangdong Provincial Education Department and JD Group's strategic collaboration includes plans to establish seven JD Industry Colleges, explore ten JD Super Campus Comprehensive Operation Centers, and build multiple industry technology innovation centers and joint laboratories [3]. - These initiatives aim to ensure the credibility, systematic approach, and sustainability of school-enterprise cooperation, creating a replicable model for future educational partnerships [3].

Core Insights - Chengdu's Metro Line 18 is under complex construction, involving multiple transportation hubs and advanced digital construction technologies [1][2] - The project is providing a testing ground for small and medium-sized enterprises (SMEs) to validate and optimize their innovative construction technologies [2][3] - Other cities in China are also opening up various public service scenarios to facilitate the application of new technologies by SMEs [5][6] Group 1: Construction and Technology Innovation - Chengdu Metro Line 18 is utilizing four shield tunneling machines and has developed a specialized cutter head system to adapt to complex geological conditions [2] - The project has established a comprehensive digital construction support system, allowing SMEs to test their technologies in real-world scenarios [2][4] - The collaboration with local authorities is enhancing the application of big data and AI in construction, improving project management and coordination [2][4] Group 2: Broader Application of New Technologies - The underground parking lot in Chengdu High-tech Zone is being used to test autonomous parking technologies, addressing common parking challenges [3][4] - Other cities like Hangzhou, Suzhou, and Guangzhou are also creating smart service scenarios to support the development of technologies in public transportation, elderly care, and healthcare [5][6] - These initiatives not only address public needs but also provide SMEs with practical opportunities to deploy their innovations [6] Group 3: Mechanism Innovation and Support - Chengdu has established a dedicated team to promote application scenarios for new technologies, offering financial support ranging from 300,000 to 1 million yuan for selected projects [8] - The city is implementing a structured process to identify and promote advanced technologies and products, facilitating their transition from prototypes to market-ready solutions [8][9] - Other cities are also innovating their mechanisms to enhance the application of new technologies across various sectors, moving towards a more systematic approach [9]