Group 1 - The Hainan Free Trade Port has successfully conducted its first cross-strait logistics flight using the "Kairi O" eVTOL aircraft, marking a significant milestone for the low-altitude industry in the region [1] - The flight, which took only 9 minutes to cover 23 kilometers across the Qiongzhou Strait, was a collaborative effort involving multiple companies, including Hainan Holdings and Peak Aviation [1] - The Kairi O aircraft, developed by Peak Aviation, is the world's first eVTOL model with all three necessary certifications (Type Certificate, Production Certificate, and Airworthiness Certificate) for a ton-class aircraft [1] Group 2 - Hainan is leveraging its advantages in low-altitude airspace reform to promote three high-value scenarios: "low-altitude + logistics," "low-altitude + cultural tourism," and "low-altitude + emergency services" [2] - The introduction of eVTOL aircraft for cross-strait logistics is expected to reduce transportation time from hours to minutes, alleviating pressure on traditional ferry and land transport systems [2] - Future plans include integrating Peak Aviation's six-seat eVTOL aircraft, Shengshi Long, for cross-strait flights, enhancing transportation efficiency between Hainan and Guangdong [2]

双方此前曾于今年5月20日达成该可转债协议，同时确定将在电商、大模型、云计算等领域开展战略合 作，并探索差异化创新项目。此外，美图于12月30日已与阿里巴巴签订业务合作协议，后续相关合作安 排将通过专项协议进一步落实。 凤凰网科技讯2025年12月31日，美图公司(1357.HK)公告称，与阿里巴巴签署的2.5亿美元可转债协议所 有先决条件已达成，且于当日完成交割，美图已发行本金2.5亿美元的可转股债券，所得款项净额拟用 于一般商业用途。 ...

公司治理层面，董秘被赋予"监督者"职责。规则明确其需保障公司章程与治理架构的合规性，确保股东 会、董事会规范召开，监督重大事项审议程序的合法合规。 监管调研显示，多数上市公司重视董秘履职，将信息披露组织工作视为核心职责，把推动公司治理有效 运行作为重点任务，部分董秘还兼顾资本运作、合规管理等工作。但误区同样存在：有的将董秘等同 于"事务性秘书"，认为其工作仅为文件流转、会议组织；有的虽形式上认可其高管身份，却未赋予对应 权责；还有的赋予董秘过多非核心任务，导致主责主业被稀释。 针对这一现状，《董秘监管规则》首要任务是做实董秘的高管定位，明确其协助董事会履行职责、向董 事会直接报告工作的核心角色，同时细化职责范围，重点聚焦信息披露和公司治理两大核心领域。 在信息披露领域，董秘的"组织者"角色被明确界定。规则要求其牵头组织定期报告、临时报告的编制与 披露，对报告内容进行审查核实，同时负责信息披露的暂缓、豁免管理，以及内幕信息管控、舆情管理 等关键工作。 12月31日，A股5476位董秘即将迎来新规。12月31日，证监会就《上市公司董事会秘书监管规则（征求 意见稿）》（下称《董秘监管规则》）公开征求意见。这是资本市 ...

Core Viewpoint - The China Securities Regulatory Commission (CSRC) has solicited public opinions on the "Regulations on the Supervision of Secretaries of the Board of Directors of Listed Companies," marking the first regulatory framework specifically targeting this group in the capital market [1] Group 1: Regulatory Requirements - The draft regulations require listed companies to establish a regular evaluation mechanism for the performance of board secretaries and a responsibility accountability mechanism [1] - Evaluation standards must be set in accordance with the responsibilities of the board secretary [1] Group 2: Accountability Measures - Companies must initiate internal accountability procedures if a board secretary is found to be negligent in their duties; in severe cases, the board secretary should be removed in accordance with the law [1] - The regulations emphasize the need for enhanced supervision of board secretaries' performance, particularly in cases of failure to disclose information timely, disclosing false information, or not reviewing significant matters as required [1] Group 3: Enforcement Actions - If it is determined that a board secretary has not acted diligently, regulatory authorities will impose strict regulatory measures or administrative penalties [1]

该机器人面向三类核心用户：为科研人员提供便携的具身智能实验平台，开放全量SDK与HDK接口； 为创作者提供模块化、可定制的外观与行为编程平台，支持通过图形化工具编排动作与交互逻辑；同时 也可作为家庭场景中的智能伙伴，具备语言交互、知识问答与柔性安全交互能力。 随着启元Q1的推出，上纬启元明确将聚焦个人机器人方向，推动该产品成为更多人接触与创造人形机 器人的入口，并邀请全球科技爱好者参与共创。 凤凰网科技讯12月31日，上纬新材董事长彭志辉(稚晖君)宣布全球首款全身力控小尺寸人形机器人"启 元Q1"正式发布，并表示公司将以"上纬启元"品牌进军个人机器人领域。该产品被定义为目前全球最小 的全身力控人形机器人，旨在推动高端机器人技术向个人可拥有、可操作的设备转化。 启元Q1在关节微型化方面实现技术突破，通过材料、结构与控制算法创新，将QDD准直驱关节体积大 幅缩小，并保留了力控性能与高动态响应能力。其整体尺寸约为背包大小，体积为传统机型的1/8，具 备耐摔特性与较低试错成本，便于在科研与开发中进行高频迭代。 ...

Core Viewpoint - Zeekr Automotive prioritizes the OTA 6.7 update for Zeekr 007 users, with the rollout scheduled to begin on January 5, 2026, after successful software development and approval [1] Group 1: OTA Updates - The OTA 6.7 version for the Zeekr 007 model has completed software development and full process verification, and is ready for rollout [1] - Other models including Zeekr 001, 001FR, 007GT, 009, 009光辉7X, 焕新7X, and MIX, equipped with the 8295 intelligent cockpit computing platform, are in the approval stage for OTA 6.7 updates, expected to be rolled out in batches from January to February 2026 [1] - There has been no official response regarding the delay of OTA 6.5 updates for some Zeekr 007 owners [1] Group 2: User Experience Initiatives - Owners of the 2023 and earlier models of Zeekr 001 WE can participate in a limited-time experience event for the "Winter Temperature Package" starting from December 31, 2025, which includes steering wheel heating and rear seat heating features, available until March 31, 2026 [1]

Core Insights - Chery Automobile achieved historic breakthroughs in revenue, total sales, new energy vehicle sales, and export volume in 2025, becoming the first Chinese brand to exceed 5 million cumulative exports and maintaining the top position in passenger car exports for 23 consecutive years [1] Group 1: 2025 Achievements - In 2025, Chery Group reached record levels in revenue, total sales, new energy vehicle sales, and export volume [1] - The company became the first Chinese brand to surpass 5 million cumulative exports [1] - Chery has held the position of the leading Chinese brand in passenger car exports for 23 years [1] Group 2: 2026 Plans - For 2026, Chery plans to advance its focus on solid-state batteries, chips, AI, humanoid robots, Robotaxi, eVTOL, and green energy [1] - The company aims to create an innovative ecosystem through the Kaiyang Laboratory, described as a "tropical rainforest" style, to continuously develop new technologies [1] - The goal is to empower products to be safer, greener, and smarter [1]

Core Viewpoint - Xiaopeng Motors announced that the 2026 models of P7+ and G7 will feature the second-generation VLA system, which includes a self-developed Turing AI chip capable of delivering 2250 TOPS of effective computing power, marking the highest in the industry [1] Group 1: Technology Advancements - The second-generation VLA system shows a 12-fold improvement in model inference efficiency compared to the first generation [1] - The response speed of the second-generation VLA has been upgraded, with a 30% faster recognition of complex road conditions and dynamic obstacle prediction compared to the initial system [1] - The integration with Xiaopeng XNGP enables full-scenario intelligent navigation in urban and highway settings [1] Group 2: Vehicle Design and Features - The 2026 Xiaopeng P7+ features a new technological aesthetic design, including a one-piece star-wing light strip, starry tail lights, a floating roof, and a dual-layer tail wing [1] - The interior of the P7+ includes an 8.8-inch technology island instrument panel and a 29-inch full-scene HUD display, with hidden air conditioning vents and upgraded star waterfall ambient lighting supporting 256-color infinite adjustment [1] - The Xiaopeng G7 Super Extended Range version introduces a new "Starry Purple" exterior color and features a one-piece light strip and 20-inch sporty wheels [1] Group 3: Performance and Specifications - The G7 is positioned as an SUV with a pure electric range of 430 kilometers and a tested CLTC comprehensive range of 1768 kilometers [1] - The vehicle is equipped with 800V+5C supercharging AI battery technology, allowing for a 314-kilometer range to be replenished in just 12 minutes [1]

Core Viewpoint - Wallen Technology, the first GPU stock in Hong Kong, has seen strong subscription response with an oversubscription of 2363 times during its offering period [1] Group 1: IPO Details - Wallen Technology (stock code: 06082.HK) set its H-share issuance price at HKD 19.60 per share, raising a total of HKD 48.55 billion, marking the largest IPO since the implementation of Chapter 18C of Hong Kong's listing rules [1] - The company is expected to begin trading on the Hong Kong Stock Exchange on January 2, 2026, making it the first new stock listed in Hong Kong for the new year [1] - CICC, Ping An Securities (Hong Kong), and Bank of China International are serving as joint sponsors for the IPO [1] Group 2: Market Position and Product Pipeline - As the first GPU stock in Hong Kong, Wallen Technology fills a gap in the AI computing hardware sector within the Hong Kong market [1] - As of December 15, Wallen Technology has approximately RMB 1.241 billion in orders, indicating a clear growth trajectory for future performance [1] - The BR166 product is expected to achieve commercialization in the second half of 2025, while the BR20X series chips are planned for commercialization in 2026, with further new generation products like BR30X in the pipeline, showcasing the company's capability for continuous iteration and growth [1]

Group 1 - The core viewpoint of the report indicates that the Chinese online consumption market demonstrates strong resilience, with the CBI index projected to grow by 4.4% in Q3 2025 compared to Q3 2023, and a year-on-year increase of 0.92% [1] - The report highlights that online channels are not only the main battlefield for sales growth but are also transitioning from relying solely on promotional bursts to a normalized operation that balances promotions with off-peak periods [1] - In Q3, the online sales of fast-moving consumer goods (FMCG) grew by 16.8% year-on-year, surpassing the 14.3% growth rate of the same period in 2024, indicating a shift in consumer behavior and brand strategies [1] Group 2 - Analysis of the CBI 500 strong brands shows that the growth drivers in the e-commerce industry are undergoing a generational shift, moving away from reliance on platform traffic distribution and price competition [2] - Leading brands are increasingly focusing on enhancing user engagement through product launches, holiday gifts, and customized services tailored to specific life scenarios, rather than relying solely on promotions [2] - The CBI index is developed in collaboration with Peking University's National School of Development, Peking University's Digital Finance Research Center, and Sun Yat-sen University's School of Management, with technical support from Alibaba's Taotian Group, aiming to assess brand value based on actual consumer purchasing behavior [2]