Core Viewpoint - Li Auto reported a revenue of 56.172 billion RMB for the first half of 2025, a decrease of 2% year-on-year, while net profit increased by 3% to 1.744 billion RMB [2][3]. Financial Performance - Revenue for the first half of 2025 was 56.172 billion RMB, down from 57.312 billion RMB in 2024, reflecting a 2% decline [3]. - Gross profit slightly decreased by 0.7% to 11.385 billion RMB [3]. - Operating profit turned positive at 1.099 billion RMB compared to an operating loss in the previous year [3]. - Pre-tax profit increased by 11.3% to 2.063 billion RMB [3]. - Net profit rose by 3% to 1.744 billion RMB, while net profit attributable to ordinary shareholders decreased by 9% to 1.499 billion RMB [3]. Vehicle Sales and Market Position - Vehicle sales revenue was 53.6 billion RMB, a decrease of 1.8% year-on-year, primarily due to a lower average selling price influenced by product mix and increased sales incentives [2][3]. - The company achieved a delivery volume of 203,938 vehicles, marking a 7.9% increase year-on-year, with a cumulative delivery of 1,337,810 vehicles as of June 30, 2025 [3][4]. - Li Auto maintained a market share of 13.6% in the 200,000 RMB and above new energy vehicle segment, continuing to lead in sales among Chinese automotive brands [3]. Product Development and Future Plans - The company launched the Li MEGA Ultra Smart Refresh and the Li L Series Smart Refresh, enhancing user experience through product upgrades [4]. - A new family-oriented five-seat pure electric SUV, the Li i6, is set to be released in September to cater to the growing demand for electric vehicles [4]. - Li Auto aims to expand its product matrix and enhance its sales and service network, with a goal of establishing 4,000 charging stations by the end of the year [4].

9月8日，东风汽车港股发布8月产销快报称，8月，东风汽车产量为163,127辆，同比增长23.9%；1-8月累计生产汽车1,132,291辆，同比下降6.3%。8 月，东风汽车销量为160,111辆，同比增长29%；1-8月累计汽车销量为1,138,573辆，同比下降约5%。 商用车领域，8月商用车产量为25,530辆，同比增长13.1%；1-8月累计产量为238,725辆，同比增长7.6%。8月商用车销量为26,929辆，同比增长 21.8%；1-8月累计销量为242,806辆，同比增长3.3%。 此外，报告称，公司母公司东风汽车集团有限公司1-8月累计汽车销量为1,472,385辆，同比下降约7%；公司附属公司东风汽车股份有限公司1-8月累 计汽车销量为84,713辆，同比下降约17.4%。 （校对/黄仁贵） | | | | 生產量 | | | | | 銷售量 | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | 當期 | 同期 | 本年累計 | 同期累計 | 累計同比 | 當期 | 同期 | 本年累計 ...

（校对/黄仁贵） 据悉，尚界是华为与上汽集团联合打造的全新品牌。尚界首款车型H5于8月25日正式开启预售，起售价为16.98万元。此外，该车将于9月23日正式 上市。 资料显示，尚界H5的车型定位为中型纯电/增程SUV，具有大型SUV的腿部空间。尚界H5配备与尊界S800、问界M9同款的192线束激光雷达，并搭 载华为最新4D毫米波雷达，同时采用华为ADS.40智驾系统与全台鸿蒙座舱。 在车身尺寸方面，尚界H5的长宽高分别达到4780mm、1910mm和1664mm，轴距更是长达2840mm，为乘客提供了舒适的乘坐体验。 9月8日，尚界汽车发文称，尚界H5的小订量已突破80000台，现金权益即将翻倍。订单量超10万可享2000元现金权益，订单量超15万可享3000元现 金权益。 ...

| | | | | | | | 单位:辆 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | | | 月度同比 | | | 年度同比 | | | | | 八月份产销量明细 | 本月 | 去年 | 增减 % | 本年 | 去年 | 增减 % | | | | | | 同期 | | 累计 | 累计 | | | | 乘 | 运动型多用途乘用车(SUV) | 4762 | 9343 | -49.03 | 48592 | 53174 | -8.62 | | | 用 | 多功能乘用车(MPV) | 1496 | 1152 | 29.86 | 11754 | 10983 | 7.02 | | | 车 | 基本型乘用车(轿车) | 4870 | 6946 | -29.89 | 28817 | 42125 | -31 59 | | | | 货车 | 10572 | 10148 | 4.18 | 100450 | 103088 | -2.56 | | 产 | 商 | 皮卡 | 3530 | 6330 | -44.23 | 41265 | 42388 | ...

Core Insights - The bus production volume for August 2025 was 3,383 units, a decrease of 2.59% compared to the same month last year, while the cumulative production for the year reached 31,522 units, reflecting a year-on-year increase of 6.68% [2][3] - In terms of sales, the bus sales volume in August was 4,074 units, representing a significant increase of 23.6% year-on-year, with a cumulative sales volume of 29,986 units for the year, up 3.3% compared to the previous year [2][3] - The data indicates that while overall production has slightly declined, sales have shown a notable increase, suggesting a recovery in market demand, particularly in the light bus segment, which saw a remarkable year-on-year growth of 51.15% [2][3] Production Summary - The production of large buses in August was 1,831 units, marking a year-on-year increase of 17.07%, while medium and light bus production saw declines of 12.48% and 21.29%, respectively [2] - Cumulatively, large bus production for the year stands at 12,282 units, a slight increase of 0.59% compared to the previous year, while medium and light bus production figures are 4,843 units and 14,397 units, reflecting minimal growth of 0.39% and a significant increase of 15.05% respectively [2] Sales Summary - The sales of large buses in August reached 1,561 units, up 15.89% year-on-year, while medium bus sales fell by 16.38% to 536 units, and light bus sales surged by 51.15% to 1,977 units [2] - Cumulatively, large bus sales for the year are at 11,327 units, down 1.90% from the previous year, while medium and light bus sales are at 4,784 units and 13,875 units, showing declines of 8.14% and an increase of 13.03% respectively [2]

正裕工业于9月9日发布公告，宣布与董波博士共同出资设立控股子公司深圳斐博森机器人科技有限公司（以下简称"斐博森公 司"），正式进军机器人柔性触觉传感技术领域。 斐博森公司注册资本为1,000万元，其中正裕工业以货币方式认缴出资600万元，占注册资本的60%；董波博士认缴出资400万 元，占注册资本的40%。此次投资旨在响应国家推进制造业转型升级的产业政策，加速推进正裕工业在具身智能及工业领域的 战略布局。 董波博士拥有南开大学光学博士学位和新加坡国立大学电子与计算机工程博士学位，入选深圳市海外高层次海外留学人才孔雀 计划B，曾入选中科院率先行动百人计划技术英才，并入选美国斯坦福大学和Elsevier联合发布的全球前2%顶尖科学家榜单。董 波博士在光子集成器件、SAW/BAW芯片、光电检测等方面取得了系列创新性成果，其加入将为斐博森公司带来强大的技术支 撑。 斐博森公司将专注于机器人用柔性触觉传感技术的研发、传感器的设计与制造，以及信号处理系统的开发与测试，致力于构建 完整的柔性触觉传感系统技术闭环。公司经营范围涵盖智能机器人研发与销售、电子元器件制造与销售、人工智能软硬件开发 等多个领域，旨在通过技术创新推动 ...

Group 1 - Dongfeng Technology announced a merger acquisition report on September 2025, revealing that Dongfeng Motor Group (Wuhan) Investment Co., Ltd. plans to indirectly hold 215,997,515 shares of Dongfeng Technology, accounting for 37.35% of its total share capital through the absorption merger of Dongfeng Motor Group Co., Ltd. [2] - The acquisition aims to optimize resource allocation and enhance corporate competitiveness, allowing Dongfeng Investment to inherit 50% of the actual controlling stake in Dongfeng Technology held by Dongfeng Motor Co., Ltd. [2] - The merger agreement was signed on August 22, 2025, and will result in Dongfeng Investment absorbing all assets, liabilities, rights, and obligations of Dongfeng Group Co., Ltd., leading to its delisting from the Hong Kong Stock Exchange [2] Group 2 - The acquisition does not involve funding sources related to the direct purchase of listed company shares, and the controlling shareholder and actual controller of Dongfeng Technology will remain unchanged as Dongfeng Motor Co., Ltd. [3] - Post-acquisition, the independent operating capability of the listed company will be maintained, with the acquirer committing to comply with relevant laws and regulations to ensure the independence of the listed company [3]

Group 1 - The core point of the news is that OFILM announced a restructuring plan to acquire 28.2461% equity of OFILM Microelectronics (Nanchang) from Nanchang Chanmeng Investment Management Co., Ltd. through a share issuance, aiming to optimize asset structure and enhance core competitiveness [2] - The board of directors approved several related proposals on September 8, 2025, marking a significant step in advancing this transaction [2] - The transaction requires multiple approval processes, including shareholder approval, Shenzhen Stock Exchange review, and registration consent from the China Securities Regulatory Commission [2] Group 2 - OFILM Microelectronics, originally named Nanchang OFILM Biometric Technology Co., Ltd., focuses on the research, development, production, and sales of sensor modules such as fingerprint recognition and 3D sensing modules, with applications in smartphones, smart cars, and robotics [3] - In December 2019, OFILM, OFILM Innovation, and Nanchang Chanmeng signed a capital increase agreement, resulting in a registered capital increase of OFILM Microelectronics to 251,275.68 million yuan, with Nanchang Chanmeng contributing 150 million yuan [3] - After the capital increase, the shareholding structure of OFILM Microelectronics was 71.6345% for OFILM, 28.2461% for OFILM Innovation, and 0.1194% for Nanchang Chanmeng [3]

| | 2025年8月 | 環比變化 | 同比變化 | | --- | --- | --- | --- | | 產品類別 | (千件) | (%) | (%) | | 玻璃球面鏡片 | 3,062 | +15.1% | -2.4% | | 手機鏡頭1 | 115,354 | +17.0% | -7.1% | | 車載鏡頭2 | 10.067 | -11.3% | +19.3% | | 其他鏡頭 | 9,081 | -15.6% | -30.9% | | | 2025年8月 | 環比變化 | 同比變化 | | --- | --- | --- | --- | | 產品類別 | (千件) | (%) | (%) | | 手機攝像模組 | 42,103 | -1.2% | +6.3% | | 其他光電產品 | 5.702 | +30.9% | -4.3% | 舜宇光学于9月8日发布自愿公告，披露了2025年8月各主要产品的出货量数据。数据显示，舜宇光学在光学零件、光电产品和光学仪器三大业务板块均有不 同程度的表现。 | | | | | 2025年8月 | 環比變化 | 同比變化 | | --- | --- | --- ...

Group 1 - The company will officially launch its consumer-grade business strategy in 2024, focusing on two AI hardware products: the AI Learning Camera and AI Plush Toys [2] - The AI Learning Camera integrates multimodal recognition technology to create a "shoot-recognize-popularize" loop, targeting children and achieving over 70,000 units shipped across all channels [2] - The AI Plush Toy features an innovative human-machine interaction system, providing personalized and engaging companionship for children, with preparations underway for its market launch [2] Group 2 - The company is one of the first globally to propose and commercialize NPU-driven AI inference chips, offering cost-effective AI inference chips and solutions [2] - The ongoing research includes inference chip products such as DeepVerse and DeepXBot, which aim to enhance inference efficiency for enterprise clients across edge, cloud, and endpoint scenarios [3] - The company has established a positive feedback loop between application scenarios and technology development, continuously optimizing AI algorithms and chip designs [2]