11月15日，杭州出让3宗地，分别位于西湖区转塘单元、拱墅区石桥单元和余杭区未来科技城，总出让 面积208.6亩，总建筑面积21.5万方，总起价43.3亿元。其中，绿城以底价179848万元竞得未来科技城单 元YH090306-11地块，楼面价35000元/㎡。该地块是时隔5年迎来的1宗低密宅地，容积率仅1.05，建筑 面积5.14万方，地块南侧即为五常湿地生态绿心、东侧紧邻地铁12号线水乡北路站，周边汇集城市核心 配套。 ...

楼面价35000元/㎡。 11月15日，杭州出让3宗地，分别位于西湖区转塘单元、拱墅区石桥单元和余杭区未来科技城，总出让 面积208.6亩，总建筑面积21.5万方，总起价43.3亿元。其中，绿城以底价179848万元竞得未来科技城单 元YH090306-11地块，楼面价35000元/㎡。该地块是时隔5年迎来的1宗低密宅地，容积率仅1.05，建筑 面积5.14万方，地块南侧即为五常湿地生态绿心、东侧紧邻地铁12号线水乡北路站，周边汇集城市核心 配套。 ...

Core Viewpoint - The chairman of ST Changyuan, Qiao Wenjian, has been placed under detention due to suspected job-related violations, as announced on November 24 [1] Company Operations - ST Changyuan announced that the other directors, supervisors, and senior management are continuing to perform their duties normally [1] - The company's production and operational management remain normal despite the chairman's detention [1]

Core Viewpoint - Recent rumors regarding Foxconn Industrial Internet Co., Ltd. (Industrial Fulian) suggest a downward revision of AI server cabinet shipment volumes and profits, leading to a 7.8% drop in stock price on November 24. However, the company has denied these claims and confirmed that its fourth-quarter performance remains on track [1][2]. Group 1: Company Performance - In Q3 2025, Industrial Fulian reported revenue of 243.17 billion yuan, a year-on-year increase of 42.81%, and a net profit attributable to shareholders of 10.37 billion yuan, up 62.04%, both reaching historical highs for a single quarter [2]. - For the first three quarters, the company achieved revenue of 603.93 billion yuan and a net profit of 22.49 billion yuan, nearing last year's total figures [2]. - The growth is primarily driven by the expansion of the AI server market, large-scale data center AI cabinet product deliveries, and explosive growth in cloud service provider business, with GPU AI server revenue increasing over 300% year-on-year in the first three quarters [2]. Group 2: Product Development and Market Position - The management indicated that the GB200 product is being shipped smoothly, and the GB300 achieved mass production in Q3, with improving yield rates and testing efficiency [2]. - The company expects that declining unit costs and improved yield rates will positively support gross margins in Q4, maintaining confidence in delivery efficiency as scale and manufacturing processes optimize [2]. - The company emphasizes that short-term stock price fluctuations do not alter its fundamental performance, urging investors to view market rumors rationally [2].

Core Viewpoint - The Ministry of Industry and Information Technology has announced the establishment of national emerging industry development demonstration bases, targeting key areas of the new technological revolution and industrial transformation by 2035 [1] Group 1: Key Areas of Focus - The demonstration bases will focus on new generation information technology, new energy, new materials, biotechnology, high-end equipment, intelligent connected new energy vehicles, green environmental protection, low-altitude equipment, and aerospace [1] Group 2: Development Goals - The plan aims to create approximately 100 national emerging industry development demonstration bases in the form of parks and around 1,000 enterprise-level demonstration bases by 2035 [1]

Group 1 - The 23rd Guangzhou International Auto Show, themed "New Technology? New Life," focuses on electrification, intelligence, and connectivity, showcasing a shift from single-function to systematic competition [1] - The exhibition covers an area of 220,000 square meters with a total of 1,085 vehicles on display, of which 629 are new energy vehicles, accounting for 57.9% [1] - The China Association of Automobile Manufacturers predicts that in 2024, China's automobile production and sales will exceed 31 million units, with new energy vehicles surpassing 10 million units for the first time [2] Group 2 - GAC Group and BYD are the two major exhibitors at the show, with GAC showcasing its "Panyu Action" achievements and new technology brands, including "Star Spirit Intelligent Driving" [3] - BYD presents various brands and technologies, including the first public appearance of the Yangwang U9 Xtreme and the CTC battery integration technology [5] - The show features a high concentration of domestic brands, with Huawei showcasing its automotive business and partnerships with various manufacturers [7] Group 3 - Several traditional luxury brands, including Jaguar Land Rover and Rolls-Royce, are absent from this year's exhibition, continuing a trend from the previous year [8] - The market share of traditional luxury brands has declined, with a reported 10.9% drop in cumulative sales for the first three quarters of 2025 [8] - Financial data for traditional luxury brands shows a significant decline, with many reporting over a 30% drop in net profit for the first half of 2025, attributed to fierce competition in the Chinese market [12]

11月22日，据上海发布消息，11月沪牌拍卖结果刚刚出炉：个人额度合计拍卖总数3821个，参加拍卖人 数40659人，中标率9.4%。最低成交价93600元，平均成交价为93714元，比上个月93600元增加了114 元。最低成交价的截止时间是11:29:58第815位。 ...

田鹏 其一，自主创新与产业链安全成为资本定价的关键要素。在外部环境复杂多变、全球科技竞争加剧的背 景下，那些在半导体、高端制造等关键领域具备核心技术的企业，被赋予更高的"确定性溢价"。 其二，资源资产的战略属性正在重估。随着能源转型深化，黄金、锂、铜等战略资源已超越传统周期品 的范畴，成为保障国家安全与产业发展的基础性资产。特别是在新能源产业链对锂、铜等金属需求长期 看涨的背景下，拥有优质资源储量、具备可持续开采能力的企业，其估值逻辑正从单纯的"价格周 期"向"战略稀缺"转变。 其三，资本更趋务实，聚焦可持续的盈利能力与现金流。无论是科技自主还是资源稀缺，最终能够获得 国际指数青睐的，仍是那些在细分领域具有清晰盈利路径、稳健财务结构及良好公司治理的标的。在经 济增长模式转型的当下，资本市场正在用真金白银投票，筛选出那些真正具备内生增长能力的"核心资 产"。 在这一配置偏好下，中国资产凭借显著的估值洼地效应、持续释放的政策开放红利以及强劲的产业升级 动能，从全球资产池中脱颖而出，成为外资增配的核心方向之一，其长期配置价值持续凸显。这不仅将 推动更多优质中国企业走向国际资本市场，更将对中国资本市场与产业发展产生长 ...

Group 1 - The core message of the article is the launch of SAIC Volkswagen's new energy product series named ID. ERA, which signifies a new era in future mobility and will include multiple pure electric, hybrid, and range-extended products by 2026 [1][2] - The ID. ERA series aims to meet diverse user mobility needs and is supported by six core initiatives: new ecological cooperation, comprehensive energy coverage, advanced intelligent cockpit, high-level driving assistance systems, robust German engineering, and enhanced service experiences [2][5] - The first product in the ID. ERA series is Volkswagen's first 9-series flagship SUV, which will feature advanced German range-extended power, superior intelligent cockpit experience, cutting-edge driving assistance systems, and reliable German craftsmanship [5] Group 2 - The flagship SUV is set to launch in 2026 and is currently in the critical testing and validation phase, with user participation encouraged through the ID. ERA "Pioneer Experience Program" [5] - Users can register through SAIC Volkswagen's official channels to participate in winter testing, allowing them to experience the vehicle's capabilities in extreme cold conditions [5] - The introduction of the ID. ERA series aligns with SAIC Volkswagen's "Joint Venture 2.0" strategy, aiming to provide comprehensive mobility experiences and drive towards a smarter and better future [5]

上个月，乐道品牌完成了交付突破十万台的里程碑，仅用时385天。其中，乐道L90已连续三个月交付破万，平均每4分钟卖出一台，稳居纯电大 三排SUV销量榜首；乐道L60上市至今累计收获超7.5万用户的信赖，销量稳居细分市场Top 3。 公开资料显示，乐道共享蔚来能源覆盖全国的9纵11横16大城市群高速换电网络，全国换电站已达3,577座（乐道可用2,224座），连通550座城 市。其中高速换电站超1,000座，平均每180公里就有一座换电站，真正实现了"换电3分钟，去哪都方便"。今年4月，广东省已经实现了换电县 县通，超450座换电站覆盖122个区县，并拥有505座蔚来超充站3,621根桩，接入三方充电桩超过23万根，用户可享受「加电和加油一样方便」 的补能体验。 在车展发布会现场，知名影星古天乐作为乐道L90大使，亮相发布会现场，在展台换电站留下长约1米的经典"古"式签名，并叩响乐道L90前备 舱，与现场观众亲切互动。 此外，乐道携手长隆野生动物世界，巧妙融合乐道产品核心优势与长隆的自然野趣，将展台打造成萌趣横生的沉浸式欢乐主题体验区。同时， 特邀长隆野生动物世界明星IP、桉树咖啡店老板考拉"小叶子"共创的乐道 ...