在自动驾驶技术布局上，奔驰同时深化与中国本土企业的合作。2025年9月，奔驰与中国无人驾驶技术初创公司Momenta达成协议，将其技术引入奔驰在中 国的全新电动CLA车型，覆盖高速公路、城市街道及停车场景的驾驶辅助功能。有知情人士透露，Momenta技术最终将配备于奔驰40款车型。值得注意的 是，宝马也于2025年6月与Momenta签署类似协议，将其技术应用于中国市场的Neue Klasse电动车型，Momenta已完成对BBA的战略布局，成为德系豪华车 企在华智驾核心供应商。 资本层面，奔驰近期完成了对中国智驾企业的股权布局。2025年12月24日，千里科技发布公告显示，其股东重庆力帆控股协议转让公司股份事宜完成过户， 梅赛德斯-奔驰(上海)数字技术有限公司正式成为千里科技持股3%的股东。此次股份转让源于力帆控股未按约定完成股票质押回购交易，根据相关重整计 划，力帆控股将135,633,002股千里科技无限售流通股以9.87元/股的价格转让给奔驰数字技术，用于偿还债务。过户完成后，力帆控股持股比例从13.68%降 至10.68%。 据悉，奔驰此次重点发力的L2+级系统为其在2026国际消费电子展（CES） ...

1月14日下午，特斯拉首席执行官埃隆·马斯克通过社交媒体平台X发布重磅消息，宣布公司将于2026年2月14日后正式停止完全自动驾驶（Full Self-Driving，简称FSD）产品的买断式销售，此后该功能将仅以月度订阅方式向用户提供，标志着特斯拉在自动驾驶软件商业模式上迎来重大 调整。 根据马斯克发布的内容，此次销售模式调整将于2月15日起全面生效。对于消费者而言，这意味着若想获得FSD功能，在2月14日截止日期后将 无法再选择一次性付费购买，只能通过持续订阅的方式享受相关服务。目前，特斯拉尚未公布FSD月度订阅模式在国内市场的具体定价，不过 参考其海外市场现有方案，美国地区FSD月度订阅费用为99美元，适用于已配备基础自动驾驶或增强自动驾驶系统的车辆。 特斯拉官网显示，截至发稿时，平台在售的辅助驾驶套件仍维持原有方案，具体包括三个层级： · 基础辅助驾驶为基础配置，涵盖主动巡航控制和车道内智能辅助转向功能，可辅助完成驾驶过程中较为基础的匀速行驶和车道保持任务； · 增强辅助驾驶售价3.2万元，在基础辅助驾驶套件全部功能的基础上，新增智能辅助导航驾驶、智能辅助变道、智能泊车等核心功能，其中基 础召唤和高级 ...

1 月 14 日，振芯科技同步披露收到中国证券监督管理委员会四川监管局《警示函》及深圳证券交易所监管函的相关情况，公司因通过非法定渠道违规披露 信息，相关责任人已被认定负有责任并面临监管追责。 针对此次监管措施，振芯科技董事会在公告中表示，公司及相关人员高度重视《警示函》中指出的问题，将认真总结教训，进一步加强对《上市公司信息披 露管理办法》《深圳证券交易所创业板股票上市规则》等相关法律法规及规范性文件的学习理解，提高公司治理水平，强化信息披露管理，避免类似事件再 次发生，切实维护公司及全体股东利益。同时公司明确，本次行政监管措施不会影响公司正常的生产经营管理活动，后续将严格按照法律法规规定，及时履 行信息披露义务。 根据监管文件查明的事实，振芯科技于 2025 年 12 月 30 日通过非法定信息披露渠道，发布了控股股东可能对公司董事会提前换届的相关信息。该行为不仅 违反了资本市场信息披露的 "公平原则"，损害了全体投资者的公平知情权，其披露的信息也未能满足 "真实、准确、完整" 的法定要求。 经查证，公司董事长谢俊、董事徐进、董事柏杰在该违规发布的信息上署名，公司董事兼总经理杨国勇、董事会秘书陈思莉则在相 ...

根据天普股份披露的公告，公司于1月14日通过累积投票方式选举产生第四届董事会，任期三年。其中，杨龚轶凡当选董事长， 董事会成员包括非独立董事杨龚轶凡、李琛龄、康啸及独立董事马莹、沈百鑫，独立董事人数占比不低于三分之一，符合相关 法规要求。同日召开的第四届董事会第一次会议还选举产生了各专门委员会委员及主任委员，战略委员会、薪酬与考核委员 会、审计委员会、提名委员会均按规定组成，其中薪酬与考核委员会、审计委员会、提名委员会由独立董事担任主任委员，且 独立董事占比过半。 1月14日，天普股份顺利完成董事会换届选举及高级管理人员、证券事务代表聘任工作。然而，此次换届后收购方中昊芯英相关 人员密集任职的情况，引发上海证券交易所关注并收到问询函。 其二，涉及中昊芯英独立IPO计划的影响。前期公告显示中昊芯英已启动独立IPO工作，未来36个月无借壳上市计划，但目前其 中昊芯英关键管理人员已任职天普股份。上交所要求结合境内外资本市场IPO条件，论证原中昊芯英董事会秘书康啸、CFO陈捷 闻任职天普股份是否构成其中独立IPO的实质障碍，相关安排是否与前期披露冲突。 其三，关注上市公司人员独立性。问询函要求明确康啸、陈捷闻在受聘天 ...

1月15日，康佳集团股份有限公司（证券简称：深康佳A）发布2025年度业绩预告提示性公告，预计2025年年度归属于上市公司股 东的净利润为负值，公司2025年年度经营业绩将出现亏损。 在财务资助方面，公司按持股比例向毅康科技提供的233,116,949.03元财务资助，拟与其他股东同步按照同股同权原则展期至2026 年12月20日，年化利率不低于4%；对于2025年应收毅康科技的1,418.13万元财务资助利息，在毅康科技其他股东以同等条件减免 的前提下，公司拟按持股比例减免1,000万元。 在担保方面，对于山东高速股份有限公司向毅康科技外部融资提供的全额担保，公司拟将持有的毅康科技24.9829%股权，按持股 比例向山东高速提供质押担保，质押担保额度不高于2.5亿元，期限为1年。公司申请股东会授权董事会在2.5亿元额度内，逐笔对 实际发生的质押担保进行审批，实施股权质押担保后，公司将逐步收回为毅康科技提供的全部存量信用担保。 公告同时披露了公司累计财务资助及担保情况。目前，公司对外实际提供财务资助金额为181,349.18万元，占公司最近一期经审计 净资产的比例为76.53%，其中为烟台康悦投资有限公司、重 ...

Group 1 - The company forecasts a turnaround in performance for 2025, expecting significant growth in both revenue and net profit attributable to shareholders, indicating a positive overall operational trend [2] - Projected revenue for 2025 is estimated to be between 4.06 billion and 4.344 billion yuan, representing a year-on-year increase of 15.42% to 23.5% from the previous year's revenue of 3.5177 billion yuan [2] - The net profit attributable to shareholders is expected to be between 90.09 million and 117.12 million yuan, a substantial recovery from a loss of 1.0945 billion yuan in the previous year, reflecting a year-on-year growth of 108.23% to 110.7% [2] Group 2 - The significant revenue growth is attributed to two core business areas: the booming automotive assisted driving market and the increasing demand for data compliance and security measures [3] - The company has established a comprehensive data compliance service, which has led to substantial revenue growth in its data compliance business within the Zhiyun segment [3] - The subsidiary Hefei Jiefa Technology has over 10 years of experience in automotive electronic chip design, achieving a breakthrough with the launch of the AC7870 multi-core high-frequency MCU chip, which supports ASIL-D safety standards [3] Group 3 - The net profit turnaround is primarily due to a significant investment gain from a major transaction, where the company subscribed to preferred shares for 250 million yuan and injected equity valued at 1.55 billion yuan into Jianzhik Cayman [4] - The difference between the transaction price and the book value of the net assets of Tsinghua Zhidrive is approximately 1.566 billion yuan, which constitutes the investment gain from this transaction [4] - The reason for the expected net loss after excluding non-recurring gains is attributed to high R&D investments and market expansion costs, which are characteristic of the automotive industry's smart technology sector [4]

据了解，业绩预告期间为2025年1月1日至2025年12月31日。公司上年同期经营业绩呈现亏损态势，其中利润总额为-10,409.33万元，归属于上市公司股东的 净利润为-9,743.03万元，归属于上市公司股东的扣除非经常性损益的净利润为-11,860.88万元，每股收益为-0.69元。 对于本次业绩扭亏为盈的主要原因，公告从两方面进行了说明。 1月15日，华正新材发布2025年年度业绩预盈公告。公告显示，公司2025年预计实现归属于上市公司股东的净利润26,000万元至31,000万元，相较于上年同期 的亏损状态实现扭亏为盈，扣除非经常性损益后的净利润预计为6,000万元至9,000万元。 一方面是主营业务的积极表现，2025年公司积极开拓市场，全年销售持续增长，尤其进入四季度后，市场与销售业绩持续攀升；同时，公司通过开展降本增 效、持续调整产品结构等举措，有效提升了盈利水平，推动净利润同比实现预增。 另一方面是土地搬迁带来的积极影响，报告期内公司完成了坐落于杭州市余杭区余杭街道华一路2号的部分土地、房屋的搬迁工作，收到全部补偿款合计人 民币30,058.98万元。根据企业会计准则规定，该笔补偿款在202 ...

中文名方面，董事会已于2026年1月12日议决，拟将公司中文名由"北京第四范式智能技术股份有限公司"变更为"范式智能技术集团股份有限公司"，该建议 变更尚需提交公司即将举行的临时股东大会审议批准。 股份交易简称调整也将同步落地。公告显示，自2026年1月20日上午九时正起，公司在香港联合交易所上市的H股英文简称将由"FOURTH PARADIGM"变更 为"PHANCY"，中文简称由"第四范式"变更为"范式智能"，H股股份代号"06682"保持不变。 1月14日，北京第四范式智能技术股份有限公司（股份代号：06682）发布公告称，公司已完成英文名变更，中文名变更及股份简称调整将按计划分步实施， 相关变更不会影响股东权利及公司日常运营。 根据公告，公司英文名已由"Beijing Fourth Paradigm Technology Co., Ltd."正式变更为"Phancy Group Co., Ltd."，该变更自2026年1月7日起生效，香港公司注册 处已就此发出变更名称注册证明书，公司现注册名称为北京第四范式智能技术股份有限公司（又名Phancy Group Co., Ltd.）。 关于此次更名的影响， ...

Core Insights - The company is actively expanding its core glass-based TGV technology into various high-potential sectors such as semiconductor packaging, commercial aerospace, biomedical, and semiconductor equipment [1][3][4] Group 1: Semiconductor Infrastructure - The company's wholly-owned subsidiary, Hubei Tongge Micro, is focusing on applying glass-based TGV technology in semiconductor packaging, with small batch samples of the next-generation 1.6T optical module glass substrates already completed [3] - The company is collaborating with industry leaders to develop glass packaging solutions that meet future high computing power transmission needs, and has completed batch samples in the CPO (Co-Packaged Optics) field [3] - Strategic partnerships are underway in the advanced packaging of high-performance chips, with ongoing iterations of glass stacking technology [3] Group 2: Commercial Aerospace - The company has made significant progress in the emerging commercial aerospace market, with its self-developed CPI (Transparent Polyimide) film and space protection coating products successfully applied in flexible solar wing substrates [3] - Ongoing business connections and negotiations with multiple domestic and international companies have led to some projects entering the product sampling and customer validation stages [3] Group 3: Semiconductor Manufacturing Equipment - The company's self-developed glass optical devices are being applied in core semiconductor manufacturing equipment such as etching machines and lithography equipment, with some projects entering small batch delivery and generating initial revenue [3] - Future growth is anticipated as the market for end-user equipment expands [3] Group 4: Life Sciences and Display Technology - In the life sciences sector, the company's glass-based technology is being applied to microfluidic biochips, which are set to enter mass production [4] - The company has led the establishment of the China Glass Circuit Board (GCP) Industry Alliance to promote industry chain collaboration, and has achieved mass production of glass-based Mini LED backlight display products [4] - The company is also collaborating with leading TV brands to develop and mass-produce glass-based Mini LED television products, and is engaged in product development in the Micro LED field with several domestic and international clients [4] Group 5: Overall Strategic Positioning - The company has systematically showcased its ability to expand its technology platform centered around glass substrates, integrating the properties of glass materials with precision processing technologies like TGV [4] - Although several business segments are currently in the sampling or validation phase with limited revenue contribution, they demonstrate clear technological positioning and customer breakthroughs [4] - The forward-looking layouts are expected to open long-term growth opportunities for the company as trends in AI computing power, commercial aerospace, and domestic semiconductor equipment development progress [4]

Core Viewpoint - The company plans to raise 1.055 billion yuan through a private placement of A-shares to fund various projects, including the industrialization of AR optical products and the enhancement of glass aspheric lens production capacity [1][4]. Group 1: Market Opportunities - The AR industry is experiencing rapid growth, leading to increased applications of optical components, particularly in high-refractive glass wafers and crystal-like wafers [3]. - The consumer electronics market, represented by smartphones and handheld imaging devices, is showing steady growth due to global economic recovery and high-end market demand [3]. - The development of intelligent driving is driving demand for components such as lidar and vehicle-mounted lenses, while advancements in AI and cloud computing are significantly increasing the demand for high-speed data transmission, thereby boosting the optical communication market [3]. Group 2: Company Strategy - The company acknowledges that its existing production capacity is insufficient to meet future business development needs, as revenues from glass aspheric lenses, certain wafers, and micro-lens arrays have been rapidly increasing [3]. - The fundraising initiative is a strategic move to align with technological trends in the optical components industry and seize downstream market opportunities [4]. - The company aims to optimize production layout, acquire advanced production and testing equipment, and deepen the integration of semiconductor processes with optical manufacturing to enhance production efficiency and product capabilities [4].