Xin Lang Cai Jing

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东鹏饮料(605499):业绩符合预期 第二第三曲线高增
Xin Lang Cai Jing· 2025-07-27 10:27
Core Insights - Dongpeng Beverage reported a strong performance in H1 2025, with total revenue of 10.737 billion, a year-on-year increase of 36.37%, and a net profit attributable to shareholders of 2.375 billion, up 37.22% [1] - The company announced a cash dividend plan, proposing a distribution of 1.3 billion to shareholders, with a payout ratio of 54.7% [1] Financial Performance - In H1 2025, the company achieved a gross margin of 45.15%, an increase of 0.55 percentage points year-on-year, driven by lower raw material costs [4] - The net profit margin for Q2 2025 was 23.69%, a decrease of 0.61 percentage points year-on-year, attributed to increased revenue share from electrolyte water and other beverages [4] Revenue Breakdown - For H1 2025, revenue from energy drinks, electrolyte drinks, and other beverages was 8.361 billion, 1.493 billion, and 0.877 billion, respectively, with year-on-year growth rates of 21.9%, 213.7%, and 66.2% [3] - In Q2 2025, the revenue for these segments was 4.460 billion, 0.923 billion, and 0.503 billion, with growth rates of 18.8%, 190%, and 61.8% [3] Growth Prospects - The company is expected to continue its growth trajectory, with forecasts for net profit attributable to shareholders of 4.499 billion, 5.601 billion, and 6.753 billion for 2025 to 2027, reflecting year-on-year growth of 35.2%, 24.5%, and 20.6% [2] - The product matrix has expanded to include energy drinks, electrolyte drinks, tea beverages, plant-based protein drinks, and coffee drinks, enhancing market coverage [3] Market Strategy - The company has established a robust distribution network with over 3,200 distributors and coverage of more than 4.2 million active retail points [3] - The ongoing investment in ice cabinets and sales efforts is expected to drive further growth in the "Brewed Water" segment [3]
国家队杀疯了!AI三巨头订单爆200%,这波能上车?
Xin Lang Cai Jing· 2025-07-27 09:13
Group 1 - The AI sector in A-shares is experiencing significant growth, driven by government support and increased demand for AI applications across various industries [1][5] - The term "national team intervention" refers to policy-level backing rather than direct stock purchases, indicating a shift towards AI as a new infrastructure akin to electricity [5] - Companies in the AI sector are essentially providing the "electricity" of the AI era, with a surge in orders reflecting increased adoption of AI technologies by businesses [5] Group 2 - Three leading companies in the core multimodal AI space are Wanjing Technology, Kunlun Wanwei, and iFlytek, which have transitioned from conceptual products to generating real revenue [6] - Wanjing Technology has upgraded its video editing software with AIGC features, significantly reducing costs for small businesses and projecting a 60% increase in net profit for H1 2025 [6][7] - Kunlun Wanwei's Opera browser, with 300 million monthly active users, has integrated an AI assistant, enhancing user experience and monetization potential [7] Group 3 - iFlytek focuses on embedding AI into hardware, such as AI learning machines that enhance educational outcomes, leading to a doubling of revenue in the education sector [8] - The rise of vertical industry AI solutions aims to automate repetitive tasks, freeing up human resources for more analytical roles [9] - Companies like Yonyou Network and Hand Information are developing financial and supply chain AI solutions that improve efficiency and reduce labor costs [10] Group 4 - Hengsheng Electronics is a leader in financial IT, providing AI solutions that automate trading and risk management, significantly reducing the need for human traders [11] - RunDa Medical's AI diagnostic systems have received FDA approval, demonstrating their effectiveness in improving diagnostic accuracy in hospitals [12] - AI infrastructure companies like Tuwei Information and Inspur Information are benefiting from the growing demand for AI computing power, essential for running AI applications [12] Group 5 - To assess the legitimacy of the AI boom, three indicators are suggested: the source of revenue, R&D investment, and the necessity of the product [13][14] - Companies with substantial overseas revenue and high R&D investment are more likely to be genuine players in the AI space, while those with low investment may be opportunistic [14] - The current AI market is viewed as an investment in the foundational technologies of the future, rather than a speculative trading opportunity [15]
福然德(605050):车用金属板材专家 进军机器人
Xin Lang Cai Jing· 2025-07-27 08:28
Group 1 - The company has successfully completed A+ round strategic financing, with Furan De joining as a partner, and has established a joint venture named Shanghai Depu Zhiqing Robot with a registered capital of 10 million yuan [1] - The company specializes in metal sheet processing and distribution services for mid-to-high-end automotive and home appliance manufacturers, achieving a sales volume of 2.09 million tons in 2024, a year-on-year increase of 22%, with automotive sales accounting for 1.38 million tons [2] - The company has maintained a high dividend payout ratio, with cash dividends as a percentage of net profit attributable to the parent company for the years 2021 to 2024 being 46.31%, 48.48%, 50.78%, and 54.36% respectively [2] Group 2 - The company is expanding its product offerings, with new aluminum extrusion and hot forming businesses expected to start production in the first half and trial production in the second half of 2025, respectively [2] - The company has entered the robotics sector by establishing a joint venture with Kepler Robotics, which will implement ongoing automotive industry robotics projects, leveraging its advantages in automotive lightweighting [2] - Revenue projections for the company from 2025 to 2027 are 11.97 billion, 12.67 billion, and 13.40 billion yuan, with year-on-year growth rates of 6.1%, 5.9%, and 5.7% respectively, and net profits expected to be 340 million, 390 million, and 450 million yuan [3]
征信已经成了最大的笑话
Xin Lang Cai Jing· 2025-07-27 05:27
1、信用经济的阴暗面 征信干净三个月躺赚百万,所谓的躺赚,实际上就是搞黑灰产擦边。 不然这个世界哪来那么好的事,祖坟既没有冒青烟,自己又没有什么特殊的背景和机遇。 想要搞钱就得顶着巨大的风险,甚至是拿命去拼,才有可能换来相对高一点的收益。 都说一分钱难倒英雄汉,什么事其实都不可怕,只有穷才是最可怕的。 在一个人真真正正走投无路的时候,是要信用还是要活着。 这是个问题。 记得以前办手机号是不用身份证的,直接花50块就得一张卡,拿到就可以用了。 自从2010年开始,工信部宣布实施所有的手机用户开始实名登记。 虽然刚开始那几年还是有很多代理商能搞到黑卡,但后来这种卡就越来越不好搞了。 那些想搞黑灰产的,以前还能躲躲闪闪,现在除了出去之外,基本没路可走了。 从早几年的全网实名认证,再到现在的IP地址划分,所有的人都在无形中被编上了号。 而这种编号的趋势,其实从2006年央行的征信中心成立就开始了。 当时建立了一套全国统一的个人征信数据库,刚开始的时候比较简单,主要是以银行贷款的记录为主。 但发展到现在,征信系统不仅记录个人和企业的基本信息,还记录信贷交易和公共信息。 也就是说,所有的人都在一个池子里,被征信系统一网打 ...
一周新车盘点 | 吉利银河E5年度更新 比亚迪海狮06双动力上市
Xin Lang Cai Jing· 2025-07-27 04:04
片来源:吉利汽车 吉利银河E5年度更新 关键词:紧凑型SUV/10.98至14.58万元/配置及颜色增设 7月24日,吉利银河推出2026款银河E5,作为年度改款车型,官方指导价10.98至14.58万元。新车定位 纯电动紧凑型SUV,重点新增黎光蓝与晚林绿两款车身配色,并提供610公里长续航版本。 7月24日,比亚迪海洋网推出全新中型SUV海狮06,同步上市纯电与插电混动版本,基础车型起售价分 别为14.38万元与13.98万元。该车系瞄准零跑C10、深蓝S07等竞品展开市场竞争。 外观设计基本保留2024款元素,包括封闭式前脸、单体式前灯组、隐藏式车门外拉手和亮面铝合金轮 圈,车尾继续采用贯穿式尾灯造型。内饰延续此前的简洁风格,标配10.2英寸液晶仪表与15.4英寸中控 屏,实体物理按键大幅简化。配置升级聚焦智能座舱系统,银河Flyme Auto新增导航绿波出行功能并优 化HUD显示效果;其他新增功能包括一键洗车模式、QQ音乐Flyme Sound专区、能量中心远程充电控制 以及语音车控优化,提升日常便利性。 动力核心未变,搭载前置单电机最大功率218马力,峰值扭矩320N·m。电池容量进一步提升至 68 ...
7月译著联合书单|游泳游泳:凌潜于水的文化史
Xin Lang Cai Jing· 2025-07-27 01:41
《宗教与资本主义的兴起》 [美]本杰明·M.弗里德曼著,尹景旺译,索·恩|社会科学文献出版社 今天我们的经济观念,特别是对自由市场的信奉,来自哪里?与传统上将经济视为启蒙运动的世俗产物 不同,本书认为人们关于经济学和经济政策的观点一直根植于宗教思想,经济学从诞生之初就受到宗教 的深刻影响。本书探讨了宗教与资本主义关系的重要方面,如宗教与经济思想的历史关联,基督新教如 何影响现代经济思想的形成,加尔文主义如何塑造早期资本主义的价值观和行为准则,以及早期经济学 家的宗教信仰如何影响他们的理论构建等。 《地中海十城:西方文明的古典基因》 [英]奈杰尔·斯皮维著,孙慧杰译,方寸|社会科学文献出版社 以古希腊与古罗马为代表的古典文明是当代西方文化与艺术的开端。从荷马史诗中的特洛伊,到"新罗 马"君士坦丁堡,语言、法律、哲学、戏剧、建筑、艺术乃至历史学与博物学记录,共同构筑了辉煌的 古典文明叙事。英国剑桥大学古典学学者奈杰尔·斯皮维以10座城市为线索,概述并阐释了古典文明留 下的灿烂遗产:从特洛伊出发,古希腊城邦雅典与斯巴达诞生了两种截然不同的政治理念,古典哲学在 地中海世界持续扩大传播,希腊文化随着亚历山大大帝的东征西 ...
汪前进谈郑和航海技术与地图知识的大爆发
Xin Lang Cai Jing· 2025-07-27 01:41
汪前进(章静绘) 汪前进,中国科学院大学人文学院荣休二级教授。现兼任国家博物馆舆图研究所所长,清华大学科学博 物馆学术委员。在中国地图学史、中外科技交流史、中国海洋科技史等领域耕耘有年。尤其是在地图史 研究方面,他先后师从地图史家曹婉如先生和数学史家杜石然先生,对于中国古代地图的测量与绘制有 精深的研究,发表了不少具有创见的论文,为推进中国地图学史的研究作出了显著的贡献。今年是郑和 下西洋六百二十周年,值此之际,《上海书评》围绕《郑和航海图》对汪前进教授进行了专访。 在这次专访中,汪前进教授向读者科普了《郑和航海图》的基本情况以及郑和时代的航海技术;对于该 图所涉及的域外地理、海洋状况、远航技术以及地图绘制方面留给后世的重要疑点问题,也向读者分享 了自己的思考。在他随身携带的笔记本中,"郑和航海图一百问"栏目所记下的问题已逾百个。他坦言这 些问题是随想随记,有些问题经过深入思考发现本身不能成立;有些已做了初步研究,且向学界进行了 报告;还有一些问题有待收集文献进行认真琢磨与探讨。总之,六个世纪之后,郑和远航于学者而言仍 是一座知识与学术的富矿。 今年是郑和下西洋六百二十周年,我们从《郑和航海图》谈起吧。说《郑 ...
比王传福“更狠”,她是比亚迪“最重要的女人”
Xin Lang Cai Jing· 2025-07-26 21:09
说起车圈铁娘子,可能大部分人第一个想到的就是"挽长城将破产,救小鹏于水火"的王凤英,但在中国车圈,还有位能让中国汽车从跟跑者变身领跑者的狠角色,她就是比亚迪副总裁--李柯。 毫不夸张地说,李柯为比亚迪的崛起立下了汗马功劳,是比亚迪乃至中国汽车走向世界的关键人物。 与王凤英不同的是,李柯的职业生涯并不是开始于汽车行业。 1992年从复旦大学毕业后,李柯先在乐百氏管销售,后来又跳槽到外资广告公司当经理。而命运的转折,就藏在一场平平无奇的业务交流会上。 与其他的公司不同,比亚迪投广告,直接就是豪气的包下对开的两页,Build Your Dreams这个名字非常显眼,那是李柯第一次接触到比亚迪这家公司。 所以在每一次展会上,她都带着团队追着采购经理推荐电池,当场掰扯续航时长,亲手演示耐用性。就这么死磕半年,团队居然开始赚钱了。 但李柯的野心不止于此,她又盯上了摩托罗拉、诺基亚这些"大佬"。毕竟抱上这些大腿,比亚迪才能在国际市场站稳脚跟。 恰巧一个偶然的机会,摩托罗拉亚特兰大实验室要测各种电池,李柯二话不说亲自送了样品过去,盯检测流程,耐心解释参数问题,最终于2000年使比亚迪成为摩托罗拉供应商。 为争取诺基亚合作,她 ...
国产芯炸了!十巨头联手干票大的,AI圈要变天!
Xin Lang Cai Jing· 2025-07-26 18:26
就在刚才,中国芯片圈扔下一颗超级炸弹——阶跃星辰带着华为昇腾、沐曦、天数智芯、燧原科技这些 大佬,直接成立了"模芯生态创新联盟"!简单说:以前咱们搞AI大模型,算力卡脖子、芯片各玩各的时 代,可能真要翻篇了!这不是小打小闹,是国产算力从"单打独斗"到"组团打怪"的标志性动作,今天这 篇,我保证让你5分钟看透这事儿对中国科技到底意味着什么,看完你绝对得说一句:干得漂亮! 可能有人会说:不就是几家公司凑一起开个会吗?有啥大不了的?那你可就太天真了!看看这联盟里都 是什么神仙选手—— 华为昇腾:不用多说,国产芯片的"带头大哥"。从手机芯片到服务器芯片,华为的技术积累摆在那儿。 这次昇腾能第一个把Step 3大模型跑起来,说明它的算力底子够硬,兼容性也到位,绝对是联盟里的"定 海神针"。 一、别再只盯着ChatGPT了!中国AI缺的不是"聊天机器人",是"自己的发动机" 最近全网都在聊AI大模型,今天这个能写诗,明天那个能写代码,好像谁的模型参数大谁就牛。但很 少有人戳破一个扎心的真相:大模型就是个"吞金兽",背后得靠算力撑着,而算力的核心,是芯片! 你想想,就像咱们造新能源车,电池技术不行,车做得再花哨也是白搭。A ...
老黄带H20来华捞金?国安部突然喊话:这后门比病毒还毒!
Xin Lang Cai Jing· 2025-07-26 16:27
黄仁勋带着他那号称"专为中国市场定制"的H20芯片满中国跑,又是北京又是上海,嘴甜得像抹了蜜, 把中国市场夸上了天。可前脚他刚说完"中国是AI创新的热土",后脚国家安全部就扔出颗重磅炸弹:境 外芯片和设备可能藏着"后门",能悄无声息偷数据、搞监控!这巴掌打得又快又响,老黄脸上的笑容估 计都僵了——合着我这热脸,贴了个冷屁股? 别以为这是巧合。黄仁勋推销的H20,明眼人都知道是美国政府阉割过的"特供版",算力只有H100的 15%,连万亿参数大模型都训不了,说白了就是块"瘸腿芯片"。美国的算盘打得精:既怕英伟达彻底丢 了中国市场,又怕中国自研芯片太快,干脆搞个"温水煮青蛙",用低性能芯片吊着你,延缓你自己搞研 发的节奏。可国家安全部这声警告,等于直接把窗户纸捅破了:就算是瘸腿芯片,也可能藏着刀子! 一、"后门"有多毒?比你家Wi-Fi密码被蹭还可怕 很多人觉得"芯片后门"是玄学,不就是个小漏洞吗?装个杀毒软件不就行了?太天真了!国家安全部这 次说得明明白白,这些后门分三种,个个都是要命的主: 第一种是"出厂自带毒"。有些境外芯片在设计的时候就被人动了手脚,埋了个"暗门"。平时你用着好好 的,人家远程发个信号,摄 ...