活动议程 11:45-12:00 业绩简述 12:00-12:45 媒体问答环节 活动入口 欢迎进入"全景路演"平台参加路演 中国平安2025年度业绩媒体发布会股票代码：60131803月27日 11:45-12:45 中国平安2025年度业绩媒体发布会于2026年3月27日（星期五）11:45-12:45在全景路演举行，敬请关注！ 活动介绍 中国平安保险（集团）股份有限公司（「中国平安」；上海证券交易所股份代号：601318；香港联合交易所股份代号：2318 / 82318；美国存托凭证交易 代号：PN US）举行2025年度业绩媒体发布会。中国平安管理层将于会上回顾2025年度的经营业绩并展望公司发展前景。 点击"阅读原文"也可进入活动页面 ...

智能家电指令识别失灵、方言指令无法响应、不同品牌设备没法联动？随着智慧家庭场景加速走进千家 万户，如何让智能家电真正实现"听得懂、反应快、联动顺"，已经成为全行业亟待破解的课题。 近日，海尔智家凭借在人工智能技术与智慧家庭战略的深耕，成功获批牵头开展山东省"智能家电AI多 模态交互关键技术标准化战略性重点项目"，成为山东省行业唯一牵头企业。这是山东省对企业科技创 新实力的高度认可，也是海尔智家建设平台服务型科技生态企业的重要落地实践：通过智能家电AI技 术标准化，助推行业智能家电技术协同升级。 从全球化创新体系，到行业标准话语权 海尔智家拥有绝对领先的行业标准制定话语权。作为中国家电行业中参与标准制定数量最多、拥有国际 标准专家数量最多的企业，海尔智家累计主导和参与国际标准发布127项，国家/行业标准发布905项。 2025年海尔智家还推动成立并主导了2个IEC智慧家庭工作组，主导发布了首个IEC AIGC技术战略白皮 书。在国际舞台上，它既是中国家电行业唯一承担IEC技术分委会秘书处的企业，也是中国家电行业唯 一同时主导和参与IEC、ISO、IEEE、OCF、Matter等主流国际组织智慧家庭标准制定的企业 ...

展望未来，中远海控将坚守"以集装箱航运为核心的全球数字化供应链运营和投资平台"的定位，统筹推 进全链化、数智化、绿色化、融合化发展，完善全链服务，在变局中锻造可持续发展的核心竞争力，以 自身的高质量发展主动应对市场不确定性，夯实长稳发展根基。 3月19日晚，中远海控（601919.SH；1919.HK）披露2025年年度报告。报告期内，面对全球集装箱航运 市场供需矛盾阶段性加剧，中远海控锚定"以集装箱航运为核心的全球数字化供应链运营和投资平台"定 位，顺应全球贸易趋势、加码全链布局、加速多元增长，实现业绩稳健运行。 中远海控积极顺应全球贸易区域化、多元化趋势，持续深化"集装箱航运+港口+相关物流"一体化发 展。同时坚持"投资+建设+运营"一体化推进资源获取，加大全链布局力度，全力构建全链服务能力， 立足市场和客户对供应链韧性的需求，通过推动合资新设运营平台，强化重要港口枢纽、内陆物流枢 纽、重要通道供应链基础设施和运营资源的布局，逐步将节点资源优势转化为通道控制力，助力提升公 司全球物流基础资源配置和运营水平。加速构建"全链产品、全链销售、全链运管、全链客服"业务体 系，深度融入汽车、家电、光伏等行业客户的产 ...

随着3月12日AWE2026正式开幕，时下最"夯"智慧生活如约而至。尤其在海尔智慧家庭展区，观众会发 现不仅日常家务解放了，更能体验家里家外都省心，甚至更超前的"无人家务"。 这种家里家外一体化的智慧生活，并不是一朝一夕之功，而是十年磨剑的成果。海尔智慧家庭从2015年 正式发布智慧家庭战略，对内智慧家庭对外互联工厂，到2018年明确提出全场景定制化智慧成套方案， 再到2025年提出"无人家务"概念，直至今天在AWE上展示空间智能引领，打造"人-车-家-社区"全场景生 态，海尔智慧家庭的发展方向越来越清晰，逐渐成为"全球第一"。 十年磨剑，海尔智家把愿景变成现实。早在2006年，海尔智家就以Uhome布局网络家电。2015年，海尔 智家正式发布智慧家庭战略，并在行业首发洗护、空气、美食等7类网器，通过物联网技术让电器变成 可以"上网"的网器。 进入2018年，海尔智家发布行业首个以用户为中心、用户可定制的全场景定制化智慧成套方案 （5+7+N）。到去年，海尔智家又发布了小优智能体和AI之眼黑科技，吹响迈向"无人家务"的号角。经 过不断创新，在今天的AWE上，家务解放已实现，"无人家务"近在眼前。 体验为王，A ...

在AI算力需求指数级爆发与6G通信前夜，光通信技术正站在从"高速"向"超高速"跃迁的关键节点。谁 能打通核心工艺的"任督二脉"，谁就能在万亿级算力基建中占据先机。 3月16日，海目星（688559.SH）在互动平台的两则回复直指市场核心关切。其一，公司明确表示，已 获全球算力头部公司的供应商code，坐实此前市场关于其已进入英伟达供应链的传闻。其二，承认具有 加工铌酸锂材料和薄膜铌酸锂光波导技术储备，能够制造低损耗的光波结构。 据悉，铌酸锂素有 "光学硅" 之称，是光电子领域的黄金基础材料。随着AI数据中心对速率、功耗的要 求逼近极限，以及光模块从800G向1.6T、3.2T演进，传统材料与工艺面临瓶颈，而薄膜铌酸锂凭借超高 电光系数和带宽优势，被业界视为支撑下一代数据中心互连的"理想材料"。 业内人士表示，海目星的核心突破在于针对传统铌酸锂器件体积大、损耗高、难集成的痛点，通过攻克 超薄薄膜加工、晶圆键合及超低损耗波导刻蚀等工艺，实现超薄化、低损耗与可集成三大核心目标。 手握英伟达的code，又有铌酸锂这一前沿技术储备，海目星在AI算力时代的"野心"已经日渐清晰。公司 正以精密激光工艺为核心，加速打通从体块 ...

Group 1 - On March 3, 2026, Fonda Holdings, a subsidiary of Tiger Med Group, announced the completion of its acquisition of Guanhua Medical, enhancing Fonda's global central laboratory capabilities and service capacity in China and the Asia-Pacific region [1] - Guanhua Medical is a leading clinical research laboratory service provider in China, having supported over 1,500 clinical trials across multiple therapeutic areas, and has extensive experience in regulatory compliance and high-quality laboratory testing services [1] - Following the acquisition, Fonda Holdings aims to expand its central laboratory network in China and improve its comprehensive support for domestic clinical research and multi-regional clinical trials (MRCT) [1] Group 2 - A representative from Fonda Holdings stated that the integration of Guanhua Medical is a significant step in Fonda's global development, aligning with Fonda's commitment to quality and compliance standards [2] - The acquisition is part of Fonda Holdings' ongoing efforts to enhance its global footprint, leveraging a unified quality system and operational standards to improve collaboration between China and the U.S. and accelerate the delivery of innovative drugs to international markets [2] Group 3 - Fonda Holdings is a comprehensive pharmaceutical R&D CRO with established centers in China, North America, and Europe, providing a wide range of services including drug chemistry, pharmacology, DMPK, and clinical research [3] - The company adheres to a "global unified quality system" and has successfully passed over 350 audits from regulatory agencies, including more than 200 from the FDA, over its 25 years of operation [3]

Core Viewpoint - The "Three North" project for desertification prevention and control is entering a critical preparation phase, with the Mengcao Intelligent Equipment Research Institute focusing on developing intelligent machinery to support ecological restoration across various environments from the northwest frontier to the eastern grasslands [1] Group 1: Intelligent Machinery Development - The Mengcao Intelligent Equipment Research Institute is advancing the development of AI-driven machinery that can autonomously understand scenarios and make decisions, significantly enhancing efficiency in desertification control [2] - The institute has developed ten categories of equipment, with over 1,300 machines covering various applications such as AI intelligent operations, sowing, land preparation, management, and special equipment [2][3] - New technologies enable machinery to operate with an error margin of less than 5 centimeters, improving operational efficiency by 20-30 times compared to manual labor [3] Group 2: Application in Harsh Environments - AI-equipped unmanned machines reduce the need for human labor in challenging conditions, such as extreme temperatures and complex terrains, making operations more feasible [4] - The unmanned transport vehicle can carry up to 5 tons and improves average terrain passability by 20%, achieving a 10-fold increase in transport efficiency while reducing costs by 30% [5] - The unmanned drilling machine can dig 300-600 holes daily, completing each in an average of 30 seconds, with a vertical planting accuracy rate of 90% [6] Group 3: Large-Scale Governance Solutions - Intelligent machinery is playing an increasingly important role in key projects of the "Three North" initiative, addressing the challenges of large-scale desertification control [7] - The advancement of intelligent equipment allows for all-weather operations, unaffected by extreme weather conditions, thus providing robust solutions for large-scale desertification management [8] - Specialized mechanical teams have been established, achieving an average of about 20,000 acres of efficient operations daily, increasing seed survival rates by 15-20% and saving 90% of water and 60% of seed usage [8]

Core Insights - In January 2026, the company achieved significant growth with domestic sales of 43,034 electric vehicles, marking a year-on-year increase of 140.33%, indicating strong growth momentum [1] - The company made a key breakthrough in its overseas strategy, securing 200 initial orders for the AITO brand in the UAE, which signifies a solid step in its globalization strategy [1] - The AITO brand reached a milestone of 1 million vehicles produced in just 46 months, with flagship model M9 delivering over 270,000 units, maintaining its position as the best-selling model in the 500,000 yuan price segment for 21 consecutive months [1] Group 1 - The AITO M8 continues to lead the 400,000 yuan segment, while the M7 has delivered over 400,000 units, solidifying its status as a value choice in the 300,000 yuan market [1] - The company is expanding its product matrix with the introduction of the new M6 model, aiming to cover a price range from 200,000 to 600,000 yuan, which is expected to enhance its market share in the high-end segment [2] - The strategy of leveraging existing models to stabilize the market base while introducing new products to capture incremental market share reflects the company's transition from "single blockbuster" to "full series leadership" [2] Group 2 - The successful orders in the UAE not only contribute to sales growth but also signify international recognition of the brand's value in the high-end market [2] - The ongoing leadership in the domestic high-end market further validates the feasibility and sustainability of the company's "high-end strategy + globalization layout" [2] - As the industry shifts from "scale competition" to "quality competition," the company's focus on product iteration and global expansion is expected to drive sustainable growth [2]

Core Viewpoint - Company has reported a significant loss for 2025, with a net profit loss of 876 million yuan, but has achieved a quarterly turnaround in Q4 2025, indicating a clear inflection point for performance recovery [1] Group 1: Financial Performance - The company has taken a large asset impairment charge to clear historical burdens, paving the way for future profit recovery, margin improvement, and sustained cash flow enhancement [1] - The revenue target for 2026 is set at no less than 6.5 billion yuan, representing a year-on-year growth of at least 43%, with a long-term goal to exceed 10 billion yuan in revenue within three years [1] - The company has secured over 10 billion yuan in new lithium battery equipment orders in January and another 10 billion yuan in February, totaling over 20 billion yuan in just two months, marking a strong start to the year [1] Group 2: Industry Outlook - The industry is experiencing a recovery in demand for lithium battery equipment, driven by the expansion of energy storage, with order prices and gross margins recovering simultaneously [1] - The company currently has over 10 billion yuan in hand orders, a record high since its listing, with new orders showing continuous high growth for two consecutive years [1] - The company is benefiting from a high-margin order delivery, leading to improved gross margins and positive operating cash flow, which supports the profit turnaround for 2026-2027 [1] Group 3: Strategic Initiatives - The company is focused on "high-end breakthroughs and technology going global," emphasizing order quality and cash flow, while accelerating its layout in three frontier sectors [2] - The company has made breakthroughs in AI computing power and advanced packaging, with liquid cooling microchannel cover plate equipment already shipped and orders received for HDI/PCB laser drilling equipment [2] - The company is leading in solid-state battery technology, being the first in the industry to adopt dual technology routes and securing commercial mass production orders [2] Group 4: Market Positioning - Compared to industry peers, the market capitalization of the company is significantly lower, with competitors like Leading Intelligent nearing 100 billion yuan, indicating substantial price elasticity potential for the company's stock [2] - The year 2025 is characterized as a year for risk clearance and strategic accumulation, while 2026 marks the beginning of a value reassessment cycle driven by order volume increase, margin improvement, and cash flow positivity [2]

Core Viewpoint - Haining China Leather City (002344) is signaling a strong commitment to transformation and upgrading by actively creating an experiential market to enhance physical consumption and integrating commercial and tourism development [1][5] Group 1: Strategic Initiatives - The company plans to deepen the integration of "commercial area + scenic area" to reshape the entire ecological market and align with regional cultural tourism development [1][3] - Specific measures include optimizing physical space layout, enhancing cultural tourism resource linkage, expanding high-end product categories, and focusing on consumption upgrades to improve consumer experience [1][3][5] - The company has launched a systematic and multidimensional valuation enhancement plan to signal its strategic shift from "scale expansion" to "value creation" and "high-quality development" [2] Group 2: Market Development - Haining Leather City is recognized as a recommended attraction by travel platforms like Trip.com, highlighting its dual attributes of "industrial tourism" and "shopping tourism" [3] - The market features facilities such as dining streets and cultural squares, transforming shopping into an immersive experience rooted in leather culture and fashion trends [3] - The company is integrating local cultural elements into product design, turning items into cultural symbols that carry stories and emotions, thus creating a unique consumer experience [3] Group 3: Technological Integration - The company is advancing smart market construction by promoting the deep integration of digital technology with the industry, aiming to build a high-end clothing "industry community" [4] - Initiatives include establishing a comprehensive service system covering "R&D + design + sales + production" and transitioning to a "platform + IoT" model [4] - The company is actively pursuing digital transformation of traditional markets, developing online supply chain platforms like "Picheng Cloud Wholesale" and enhancing e-commerce channels [4]