GuShiio.com ① Central Document No. 1 was released in 2025, which first mentioned “new agricultural productivity” ② Vice Minister of the Ministry of Human Resources and Social Security Li Zhong: Actively study and improve policies and measures to include employees in new business formats into social security ③ Yushu Technology brought two robots to the 2025GDC④ The United States requires Ukraine to give up half of its natural resource revenue ② The largest theft of cryptocurrency: US$1.5 billion in ether was stolen.
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macro news
1. In 2025, the Central Committee Document No. 1 was released on February 23. The “Opinions of the Central Committee of the Communist Party of China and the State Council on Further Deepening Rural Reform and Solidly Promoting Comprehensive Revitalization of Rural Areas” proposed to use reform, opening up, and scientific and technological innovation as the driving force to consolidate and improve the basic rural management system, In-depth study and application of the experience of the “Ten Million Project” to ensure national food security, ensure that large-scale return to poverty does not occur, and improve the level of rural industrial development, rural construction, and rural governance. We will do everything possible to promote agricultural efficiency, rural vitality, and farmers ‘income to provide basic support for promoting China’s modernization. This is the 13th Central Committee No. 1 document to guide the work of “agriculture, rural areas and farmers” since the 18th National Congress of the Communist Party of China. This Central Committee Document No. 1 first mentions “new agricultural productivity”.
2. On February 21, Premier Li Qiang presided over an executive meeting of the State Council to study work related to trade in services and service consumption. The meeting pointed out that we should proactively align with international high-standard economic and trade rules and study and launch a number of new opening measures in the fields of telecommunications, education, culture, medical care, finance, etc. The meeting reviewed and approved the “Action Plan for Improving the New Energy Vehicle Power Battery Recycling System”.
3. Wu Qing, Chairman of the China Securities Regulatory Commission, recently presided over the Party Committee to convey and study the spirit of General Secretary Xi Jinping’s important speech at the private enterprise symposium, and to study and implement arrangements. The meeting emphasized the need to improve the multi-level market system, accelerate the cultivation of patient capital, and attract more outstanding private enterprises to grow and grow through the capital market.
4. Li Zhong, Vice Minister of the Ministry of Human Resources and Social Security: Actively study and improve policies and measures such as lowering thresholds and providing insurance subsidies to include employees in new business formats into social security.
5. Any Yanchun, director of the Office of the Administrative Punishment Committee of the China Securities Regulatory Commission, said at the press conference on “Strictly crack down on securities crimes in accordance with the law to promote the healthy and stable development of the capital market” on February 21 that manipulation cases have shown some new characteristics, and manipulation cases have appeared. The new feature of “compiling themes and telling stories” has increased.
6. Recently, self-media released news on multiple social platforms that kindergartens in some areas will be free from charge starting this year. In this regard, education departments in many places have stated that they have not received relevant policies and notices. After verification from various parties, the reporter confirmed that these contents were either unsubstantiated false news or a misunderstanding of the policy of “universal and universal preschool education”.
industry news
1. Shenzhen: A special policy on humanoid robots will be released in the near future, and special projects for artificial intelligence and robots will be arranged among the city’s major science and technology projects. Provide 15 days of free accommodation for recent college graduates who come to Shenzhen to seek employment, and provide full-factor support such as housing and funds for college students ‘entrepreneurial practices and young entrepreneurs, with a maximum subsidy amount of 1 million yuan.
2. Xiaomi, Xiaopeng, NIO and others announced that they will enter the “humanoid robot” track. There are already 18 car companies around the world that have connected to the humanoid robot track.
3. The Ministry of Housing and Urban-Rural Development recently released data that in 2024, 58,000 new old urban communities will be renovated nationwide, exceeding the annual target of 54,000. This year, my country will plan to implement a number of urban renewal and renovation projects to fully complete the renovation of old urban communities built before the end of 2000.
4. The 40-day 2025 Railway Spring Festival travel period ended successfully on February 22. Transportation was safe and stable. The national railways sent a total of 513 million passengers, a year-on-year increase of 6.1%. The national railways sent a total of 415 million tons of cargo, a year-on-year increase of 5.4%, passenger and freight volume hit a record high for the same period of the Spring Festival travel period.
5. Ten new energy projects in the Inner Mongolia Autonomous Region started and resumed work in Hohhot City, Ordos City, Bayannur City and other places. After the completion of these projects, the annual power generation is expected to exceed 13 billion kilowatt hours, save more than 4 million tons of standard coal and reduce carbon dioxide emissions by more than 10 million tons every year.
6. Due to the short-term shortage of product supply, demand erupted intensively. After the Spring Festival, domestic potassium chloride prices soared, with the increase of main products ranging from 300 to 550 yuan. The industry expects that potassium chloride prices are expected to pick up this year, and the annual import contract prices are expected to be higher than last year.
7. The issuance of the first batch of 13 Science and Technology Innovation Composite Index ETFs is coming to an end. On the 5th day of issuance, a total of 20.4 billion yuan was raised. As of last Friday, the collection of 12 products had ended. Judging from channel data, the issuance of the 12 products that have been raised exceeds 1 billion yuan.
8.”Nezha 2″ will be officially released in Hong Kong and Macao from the 22nd. As of the 23rd, the global box office (including pre-sales and overseas) has exceeded 13.5 billion yuan, ranking 8th in the global box office list in film history.
company news
1. Yushu Technology presented two robots at the 2025 Global Developer Pioneers Conference on February 22: one is the Unitree G1 humanoid robot priced at 99,000 yuan; the other is the Unitree Go2, which has the functions of walking dogs and dragging objects for the C-terminal.
2. Vanke announced on the Hong Kong Stock Exchange on the 21st that the largest shareholder, Shenzhen Railway Group, plans to provide a loan to the company with a loan amount of 4.2 billion yuan to repay the principal and interest of bonds issued by the company on the open market.
3. Hikvision announced that its total operating income in 2024 will be 92.486 billion yuan, a year-on-year increase of 3.52%; net profit attributable to shareholders of listed companies will be 11.959 billion yuan, a year-on-year decrease of 15.23%.
4. Zhuoshengwei released a performance report: net profit in 2024 will be 432 million yuan, down 62% year-on-year.
5. Industrial Fulian Announcement: The net profit in 2024 will be 23.216 billion yuan, a year-on-year increase of 10.34%.
6. The reporter learned that Xiaomi Super Little Love is now online with the DeepSeek-R1 model. By default, it uses online search and can be opened by entering and opening Deep Thinking.
7. Shanghai Silicon Industry Announcement: It plans to issue shares and pay cash to purchase assets, and the stock will be suspended from February 24.
8. Announcement of Lion Head Shares: It plans to purchase control of Lipper Technology, and its shares will be suspended from February 24.
9. Chaoda Equipment Announcement: Planning for changes in company control rights, stocks and convertible bonds will be suspended from February 24.
10. Longyang Electronic Announcement: It plans to purchase 100% equity of Deyou Xincai, which is expected to constitute a major asset reorganization.
11. China Southern Airlines announced that China Southern Airlines Logistics Co., Ltd., a subsidiary of the company, plans to withdraw its application for listing on the main board of the Shanghai Stock Exchange.
12. Fun Sleep Technology announced abnormal fluctuations in stock trading. The company currently does not have corresponding business in the field of humanoid robot parts.
13. Yu Donglai, founder of Pang Donglai, announced that Pang Donglai has officially entered Zhengzhou, the capital of Henan Province.
global market
1. According to a report by the Interfax news agency of Ukraine on the 22nd local time, Ukraine has obtained the new version of the mineral resources agreement proposed by the United States. According to the draft text, the United States and Ukraine will establish a commercial fund, with the United States having 100% ownership. At the same time, the United States required in the new version of the mineral agreement that Ukraine must give up half of its natural resource revenue, including minerals, natural gas and oil, as well as revenue from ports and other infrastructure.
2. According to two people familiar with the matter, U.S. President Donald Trump warned drugmakers at a private meeting that tariffs were coming and said companies should transfer overseas production to the United States as soon as possible.
3. Cryptocurrency trading platform Bybit said that hackers stole the platform’s cryptocurrency Ethereum with a market value of US$1.5 billion on the morning of the 21st, which may be the largest cryptocurrency theft in history.
4. 94-year-old Buffett is sending an open letter to shareholders. The content of the long letter mainly includes: discussing the philosophy of identifying and employing people through the “Berkshire Historical Story”, and then introducing Berkshire’s performance last year to shareholders; explaining investment behaviors and concepts against the background of a new high in cash level and selling U.S. stocks for nine consecutive quarters; discussing views on the Japanese market and disclosing the next action plan; the schedule of this year’s annual shareholders ‘meeting has been adjusted, and Buffett rarely disclosed his physical condition.
Investment opportunity reference
1. The Intelligent Computing Center of the National Cybersecurity Base launched the DeepSeek large model platform
According to media reports, the National Cybersecurity Base Intelligent Computing Center located in Dongxihu District, Wuhan City has launched the DeepSeek-R1 basic model and multiple distillation versions relying on the independently controllable 125P computing power cluster. At present, this large model platform has been open to developers, enterprises and scientific research institutions across the country, and can be tried for free before March 31.
Industrial Securities released a research report saying that with the advent of ChatGPT in early 2023, it has triggered the global artificial intelligence industry trend and promoted AI to become the core main line of the global technology sector, but the interpretation of the market is mainly concentrated on upstream computing power. Under the logic of Scaling Law and the high growth in global computing power demand, upstream computing power represented by optical modules and AI chips has benefited significantly as “shovels”. However, the implementation progress of AI applications is relatively lower than expected, and the performance of midstream software services and downstream applications is relatively lagging behind. Similar to “Internet +”, AI, as a general technology, will accelerate the empowerment of various industries in the future. As AI applications “bloom at multiple points”, it may also push the market to extend and spread to more “AI+” fields.
2. Ali reported that AI product revenue has achieved triple-digit year-on-year growth for six consecutive quarters
According to media reports, Alibaba Group announced that as of December 31, 2024, Cloud Intelligence Group’s revenue was RMB 31.742 billion (US$4.349 billion), a year-on-year increase of 13%. Revenue from AI-related products achieved triple-digit year-on-year growth for six consecutive quarters. Looking to the future, the revenue growth rate of Cloud Intelligence Group driven by AI will continue to increase. We will continue to implement strategies focusing on e-commerce and cloud computing, and continue to invest to promote long-term growth. As of January 31, 2025, the number of derivative models developed on Hugging Face based on the Qwen model family has exceeded 90,000, making it one of the largest AI model families in the world.
The emergence of DeepSeek has changed the structure of computing power requirements and will promote the transformation of artificial intelligence into inference-intensive computing. Huafu Securities said that inference computing power has higher network delay requirements than training computing power, so it benefits AIDC around first-tier cities that are closer to first-tier cities. As the largest cloud service provider in China, Alibaba Cloud has established AIDC locations around first-tier cities. DeepSeek’s demand continues to grow and is optimistic about investment opportunities in Alibaba Cloud’s AIDC industry chain.
3. Ali CEO Wu Yongming: Infrastructure investment in cloud and AI in the next three years is expected to exceed the total of the past ten years
At a telephone conference with financial analysts for the third quarter of fiscal year 2025, Group CEO Wu Yongming said that infrastructure investment in cloud and AI in the next three years is expected to exceed the total of the past ten years. Investment areas include infrastructure construction for AI and cloud computing; investment in AI basic model platforms and AI native applications; and investment in AI transformation and upgrading of existing businesses.
Alibaba released 4Q24 (CY) results, and cloud business revenue returned to double-digit growth of 13%. Among them, revenue from AI-related products achieved triple-digit growth for six consecutive quarters. In the future, AI will continue its strategy of promoting rapid growth in cloud business. Recently, large models at home and abroad have continued to make progress, and DeepSeek’s adaptation to cloud services and domestic chips has rapidly advanced and expanded various application scenarios. At the same time, the huge scale of Grok3 computing architecture continues to confirm ScalingLaw. Optimistic about the potential of the AI industry to spiral up against the background of rising capital expenditures of cloud manufacturers and the continuous progress of large models, AIInfra is expected to benefit from the logic of “nuggets and selling shovels”.
4. The area officially opened the first autonomous driving demonstration operation line
In Guangzhou, Guangdong, catching planes and taking trains in autonomous vehicles has become a reality. On February 21, Guangzhou officially opened its first autonomous driving demonstration operation line, which is also the first special line to operate from the city center to transportation hubs in first-tier cities across the country.
With the rapid development of artificial intelligence technology, autonomous driving is undergoing unprecedented changes. From intelligent perception to precise decision-making, from efficient control to data-driven, artificial intelligence has injected strong impetus into autonomous driving. Caitong Securities said that DeepSeek has triggered public discussions, and many car companies such as Geely, Great Wall, and BYD have connected to DeepSeek. Haitong Securities believes that the main thresholds for the development of large autonomous driving models previously included computing power, data closed-loop, etc., and most of the leading autonomous driving companies were leading technology companies; after Deepseek released models with faster reasoning, latecomer companies (including complete vehicles and solutions) are expected to gain new opportunities, and the field of autonomous driving algorithms is expected to show a blooming situation. According to the “White Paper on the Internet of Vehicles”, the size of my country’s smart car market will be close to one trillion yuan by 2025.
