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first_img Yushu Technology reminds of unusual stock price fluctuations, with a rolling price-to-earnings ratio of 465.22 times

The humanoid robot company Yushu Technology (688836.SH) announced that the cumulative price deviation of the company's stock closing price has exceeded 30% over three consecutive trading days, which falls under the category of abnormal stock trading fluctuations. As of October 26, 2026, the company's rolling price-to-earnings ratio is 465.22 times, significantly higher than the average rolling price-to-earnings ratio of 38.54 times in the general equipment manufacturing industry.The announcement pointed out that the humanoid robot industry is still in the early stages of commercialization, with uncertainties in technology maturity, cultivation of downstream market demand, and supporting capabilities in the industrial chain. The transition of physical AI technology from laboratory demonstrations to large-scale implementation in real-world scenarios still faces challenges such as perception accuracy, motion control stability, data accumulation, and hardware-software collaboration. The maturity of the technological path and business model still requires time for validation. If the industry's large-scale commercialization progress does not meet expectations, the company's future revenue expansion and performance release may be adversely affected, posing investment risks of valuation regression.

Vitalik calls on the Ethereum community to shift their mindset, adhere to core principles, and rethink application design from scratch

Ethereum founder Vitalik stated, "I think it's a good thing for the Ethereum community to have a bolder and more open mindset, especially regarding the application layer and how we view our place in the world. We should not compromise on core attributes: censorship resistance, open source, privacy, and security (CROPS). Especially at the application layer and in the interface between Ethereum and the outside world, we should be more willing to thoroughly rethink various concepts and step out of our comfort zone.Last year, we began to prioritize privacy and give it equal importance to other types of security. This means that the Ethereum application stack will undergo fundamental changes, as the entire stack has not been built around privacy so far. Great, let's build a completely different Ethereum application stack. An example this year is rethinking the role of L2 from scratch and determining which types of L2 can truly create the greatest synergy and benefits with Ethereum. This also includes cultural factors.For me and others, this is an important part of the "milady" concept. Write down your inherent notions of "decency," crumple them up, and burn them. This mental cleansing will lead to an intellectual cleansing, thereby sparking greater creativity and broadening perspectives. For a long time, our algorithm on Ethereum has been: we have an existing ecosystem, what should we do next to make it better? Now, our algorithm should be: we have a fantastic L1 layer, and it will become even better; we have more and more tools, including those developed inside and outside the ecosystem; based on what we currently know, what is the most valuable?If you were to write the section on applications from the 2014 Ethereum white paper, starting from first principles in areas like DeFi, decentralized social, and identity verification, what would you write? At the very least, please exclude all path dependency issues, assuming the Ethereum chain is currently unused, and you are the first to propose or build the first applications, and see what you would ultimately write. Even if you are currently building existing applications, please do this. This is the secret to revitalizing Ethereum."
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