Kr Xing Evening News | IKEA plans to double its investment in India to over $2.2 billion within five years; Baidu's Wenxin Assistant monthly active users exceed 200 million; Wang Teng's new company "Today Is a Good Day to Rest" completed a tens of millions of yuan seed round of financing
Large companies:
Yandong Micro: Expected net loss of 340 million - 425 million yuan in 2025
36Kr learned that Yandong Micro released its 2025 annual performance forecast. The report shows that the net profit attributable to the owner of the parent company is expected to be a loss of 340 million to 425 million yuan. The company's profit declined in 2025. The main reasons are that consumer products were affected by the macro - environment, the market changed, and the competition for some products was fierce, resulting in a decline in product prices. At the same time, R & D investment, the number of employees, and equity incentive amortization increased in this period.
Yonghui Superstores: Anticipated net loss attributable to the parent company of 2.14 billion yuan in 2025
36Kr learned that Yonghui Superstores announced that it expects a net loss attributable to the parent company of 2.14 billion yuan for the year 2025, compared with a loss of 1.47 billion yuan in the same period of the previous year.
Tonghuashun: Net profit in 2025 is expected to increase by 50%-80% year-on-year
36Kr learned that Tonghuashun released its 2025 annual performance forecast. The report shows that the net profit attributable to shareholders of listed companies is expected to be between 2.735 billion yuan and 3.282 billion yuan, a year-on-year increase of 50%-80%.
Doubao Reaches a Cooperation with the Power Station of Art, Pudong
36Kr learned that on January 20th, Doubao, under ByteDance, reached a cooperation with the Power Station of Art, Pudong in Shanghai and became the official AI commentator for two major exhibitions of the museum, namely "The Wonder of Patterns: Masterpieces of Indian, Iranian, and Ottoman Art from the Louvre" and "Picasso Extraordinary: A New Perspective from Paul Smith". It is understood that during the exhibition period, visitors can obtain professional explanations for specific exhibits at any time through the "video call" function of the Doubao App or by taking photos and asking questions.
Nanqiao Food: Net profit in 2025 is expected to decline by 78.39% - 81.99% year-on-year
36Kr learned that Nanqiao Food released its 2025 annual performance forecast. The report shows that the net profit attributable to shareholders of the listed company for the year 2025 is expected to be between 36.2637 million yuan and 43.5164 million yuan, a year-on-year decrease of 78.39% to 81.99%. During the reporting period, due to the year-on-year increase in the prices of major raw materials to varying degrees throughout the year, the production cost increased, resulting in a decline in the company's overall gross profit margin and net profit margin. In addition, the decrease in the revenue proportion of the company's high-margin product, baking application oils and fats, further pressured the overall gross profit margin.
International Composite Materials: Chairman Jiang Ling Retires and Leaves Office
36Kr learned that International Composite Materials announced that Jiang Ling, the company's chairman, applied to resign from positions such as the chairman of the 3rd - session board of directors due to reaching the retirement age. The resignation report took effect upon delivery to the board of directors. Jiang Ling will continue to perform his duties until the first extraordinary general meeting of shareholders in 2026 elects new non - independent directors for the 3rd - session board of directors. The company's board of directors nominated Mo Qiushi as a candidate for the new director.
Bright Dairy: Expected net profit loss of 120 million - 180 million yuan in 2025
36Kr learned that Bright Dairy released its 2025 annual performance forecast. The report shows that the net profit attributable to the owners of the parent company for the year 2025 is expected to be between -180 million yuan and -120 million yuan. In the same period of the previous year, the company had a profit of 722 million yuan. The pre - announced loss in this period is mainly due to production problems at the production base of Synlait, an overseas subsidiary. These problems led to inventory write - offs and increased production costs, resulting in an operating loss. The company holds 65.25% of its shares, which in turn affected the overall profit.
Hikvision: Net profit of 14.188 billion yuan in 2025, a year-on-year increase of 18.46%
36Kr learned that Hikvision released its 2025 annual performance report. The report shows that during the period, the company achieved a total operating revenue of 92.518 billion yuan, a year-on-year increase of 0.02%. The operating profit, total profit, and net profit attributable to shareholders of the listed company were 16.978 billion yuan, 17.029 billion yuan, and 14.188 billion yuan respectively, with year-on-year increases of 18.63%, 18.72%, and 18.46% respectively. The company's total assets and owners' equity attributable to shareholders of the listed company reached 138.150 billion yuan and 83.338 billion yuan respectively, with year-on-year increases of 4.65% and 3.31% respectively.
IKEA plans to double its investment in India to over $2.2 billion within five years
It is reported that senior executives of Swedish furniture retailer IKEA said on Monday that the company will more than double its investment in India to over 200 billion Indian rupees (approximately $2.2 billion) in the next five years. The plan includes opening more stores and expanding local procurement. (Sina Finance)
Monthly Active Users of Baidu's Wenxin Assistant Exceed 200 Million
36Kr learned that on January 20th, the monthly active user count of Wenxin Assistant under Baidu has exceeded 200 million, forming the three major domestic AI entrances with Doubao and Qianwen. Previously reported in China, Wenxin Assistant is an AI intelligent assistant launched by Baidu App. Relying on the Wenxin large - scale model and the "Baidu Orion" AI engine, it has achieved a deep reconstruction of search and AI, and is an all - around partner integrating in - depth thinking, multi - modal interaction, and full - scenario services.
Investment and Financing:
Wang Teng's new company "Today Is a Good Day to Rest" Completes Seed Round Financing of Tens of Millions
On January 20th, "Today Is a Good Day to Rest" announced the completion of a seed - round financing with a total scale of tens of millions of yuan. The investors include GL Ventures, Yunjiu Capital, etc. It is understood that the company will successively launch a series of software and hardware products in the second half of this year and plans to expand overseas. (Jiemian)
New Products:
Potensic, a smart drone brand, launches the AI-powered ATOM series of drones
36Kr learned that recently, Potensic, a smart drone brand, has launched the lightweight ATOM series of drones that integrate intelligent functions such as AI short - video shooting and AI night - view shooting and comply with global regulations. At the same time, it released a product experience package of "Atom 2 + PTD - 1 screen - equipped remote controller", integrating AI into flight, operation, and creation through stable image transmission, intelligent assistance functions, and a more intuitive operation interface. Currently, Potensic has localized operations in multiple countries and regions, and its products are sold to more than 100 countries and regions around the world.
Today's view:
Shanghai International Energy Exchange: Adjust the trading margin ratio and daily price limit range for relevant contracts of international copper futures
36Kr learned that the Shanghai International Energy Exchange issued a notice stating that, after research and decision, starting from the closing settlement on January 22, 2026 (Thursday), the trading margin ratio and daily price limit range will be adjusted as follows: The daily price limit range for the listed contracts of international copper futures will be adjusted to 8%. The trading margin ratio for hedging positions will be adjusted to 9%, and the trading margin ratio for general positions will be adjusted to 10%. In case of the situations stipulated in Article 16 of the "Risk Control Management Rules of the Shanghai International Energy Exchange", adjustments will be made on the basis of the above trading margin ratio and daily price limit range. Other matters regarding the daily price limit range and trading margin ratio shall be implemented in accordance with the "Risk Control Management Rules of the Shanghai International Energy Exchange" and relevant business rules.
Other news worthy of attention:
Six Departments: Continue to Implement Tax and Fee Incentive Policies for Community Family Services Such as Elderly Care, Childcare, and Housekeeping
36Kr learned that departments including the Ministry of Finance announced the continuation of tax and fee incentive policies for community family services such as elderly care, childcare, and housekeeping. Institutions providing services such as elderly care, childcare, and housekeeping for communities are exempt from value-added tax on the income obtained from providing community elderly care, childcare, and housekeeping services. When calculating the taxable income, 90% of the total income shall be included. Those who acquire housing and land for providing community elderly care, childcare, and housekeeping services are exempt from deed tax. Institutions providing services such as elderly care, childcare, and housekeeping for communities are exempt from property tax and urban land use tax on the real estate and land that they own or acquire through leasing, free use, etc. and use for providing community elderly care, childcare, and housekeeping services. This announcement shall be implemented from January 1, 2026, to December 31, 2027.
Spot gold once rose to $4,691.57 per ounce
36Kr learned that spot gold once rose to $4,691.57 per ounce, continuing to hit a record high.