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Real-time News
On January 20th, "Todays Wellness" announced the completion of a seed round of financing totaling tens of millions of yuan. Investors included Hillhouse Capital (GLVentures), Zhiyuan Robotics, Xilinmen, and Yunjiu Capital. The company plans to release a series of software and hardware products in the second half of this year and also plans to expand overseas. Wang Teng stated, "The rapid development of AI big data models has significantly improved the user experience of many products. Many factors affect sleep, such as light, temperature, sound, and air quality. Todays Wellness will proactively sense peoples needs by combining more sensors with big data models."On January 20th, CICC released a report stating that the AI glasses market is experiencing rapid growth, creating growth opportunities for the upstream supply chain. The bank is optimistic about Connet Optics (02276.HK) continuing to solidify its leading position as a core optical supplier. Considering Connet Optics strong sales of functional lenses, cost reduction due to economies of scale, and declining financial expenses, CICC raised its 2025 and 2026 earnings forecasts by 3% and 3% respectively, to RMB 566 million and RMB 701 million. It also introduced a 2027 earnings forecast of RMB 916 million for the first time, shifting the valuation to 2026. The current share price corresponds to a P/E ratio of 37x and 28x for 2026 and 2027, respectively. Considering the upward revision in earnings and increased risk appetite in the sector, the target price was raised by 12% to HKD 65, corresponding to a P/E ratio of 40x and 30x for 2026 and 2027, respectively. The "Outperform" rating was maintained.On January 20th, Wang Changlin, Vice Chairman of the National Development and Reform Commission (NDRC), stated that the central and western regions possess significant development potential and are a crucial force supporting Chinas stable and positive economic growth in the current and future periods. Regarding security, the central and western regions demonstrate their responsibility in consolidating national strategic security and play a particularly important role in safeguarding national food security, ecological security, energy resource security, and the security of industrial and supply chains. In promoting openness, the central and western regions, especially the western region, are moving from the periphery of openness to the forefront. Regarding promoting coordination, the central and western regions are accelerating efforts to address shortcomings in public service infrastructure, and peoples living standards are steadily improving. Going forward, the NDRC will work with relevant departments and central and western provinces to consistently and deeply promote strategies such as the Western Development Strategy and the Rise of the Central Region, further transforming their potential advantages.On January 20th, Wang Renfei, Director of the Comprehensive Department of System Reform of the National Development and Reform Commission, stated at a press conference held by the State Council Information Office that the synergy between reform and innovation policies will be strengthened. This includes synergistically advancing reforms of access factors and scenarios, improving market access systems, optimizing the market access environment for new business models and fields, deepening market-oriented allocation reforms of factors of production, and actively exploring allocation methods for new factors such as space, ocean, underground space, and spectrum, especially leveraging the role of scenarios, scarce resources, and new policy tools.On January 20th, Zhou Chen, Director of the Department of National Economic Comprehensive Affairs of the National Development and Reform Commission (NDRC), stated that increasing consumer income is a crucial aspect of boosting domestic demand. In accordance with the arrangements of the Central Economic Work Conference, the NDRC will focus on three key integrations: First, integrating improving peoples livelihoods with promoting consumption. Currently, relevant departments are studying and formulating actions to stabilize employment, expand capacity, and improve quality, as well as plans to increase urban and rural residents income, with the aim of enhancing residents consumption capacity; second, integrating investment in goods with investment in people, striving to improve investment efficiency and promoting the two-way flow and mutual empowerment of material and human capital; and third, integrating policy support with reform and innovation.
