自今年上海车展首次亮相以来，极氪9X就持续受到市场追捧。官方数据显示，该车型盲订开启2小时订单即突破1万台，预售1小时内便收获42667名小订车 主，上市仅13分钟大定锁单量便突破1万台。截至11月底，极氪9X累计交付已突破1万台，单车均价高达53.8万元，正式进入批量交付提速阶段。 从产品力表现来看，作为极氪全新旗舰SUV，极氪9X定位全尺寸SUV，顶配的Hyper版采用全栈900V高压架构的动力系统，拥有全球第一套兆瓦级三电机， 最大马力超过1400匹，零百加速仅需3.1秒。同时，全系搭载全球混动领域容量最高的70度大电池，CLTC续航达380公里，也是全球纯电续航最高的插混产 品。 随着市场需求的持续高涨，极氪9X的交付周期也因供应问题而拉长。官方APP交付时间显示，目前下定极氪9X Hyper版、曜黑版车型交付周期均为23-26 周。这也在一定程度上加剧了二手市场上订单的加价转让现象。随着产能爬坡，极氪9X的这波热度能维持多久？是昙花一现，还是持续长红，GPLP犀牛财 经还需继续观察。 近日，在二手交易平台上，极氪9X Hyper版订单转让信息频现，且加价幅度令人咋舌。据CNMO及多方消息，极氪9X ...

从业绩表现来看，近年来，奇瑞集团销量成绩较为亮眼，今年10月销量达281161辆，1-10月累计销量达228.9万辆，同比增长13%。在海外市场，奇瑞更是表 现优异，多年来稳坐"出口一哥"宝座，2023年出口销量高达93.7万辆，同比翻番，占据总销量近半，海外品牌号召力与利润空间远超国内。 不过，奇瑞也面临诸多挑战。品牌战略上，旗下品牌众多，资源分散、定位模糊、内部竞争问题突出；新能源转型方面，虽起步早、技术积累深厚，但步伐 迟缓，市场表现未达预期。为应对这些问题，奇瑞不断吸纳人才，以期给自身注入强劲的动能。 除余飞外，近些年长城汽车多名高管纷纷被奇瑞招安。比如曾在长城魏牌负责营销工作的刘赫宁，2024年加盟奇瑞，2025年11月接替黄招根担任星途品牌营 销中心总经理；85后少壮派张梦元2022年从长城哈弗跳槽至奇瑞，2025年11月履新捷途营销中心执行副总经理；长城汽车皮卡业务元老级人物张佳明，2024 年加入奇瑞，出任奇瑞商用车副总经理，执掌威麟皮卡品牌事业部。 近日，据汽车行业关注等多家媒体报道，曾辞去东风奕派营销事业部总经理一职的余飞，已低调入职奇瑞。 余飞的履历十分丰富，他曾在江铃汽车任职超4年，担 ...

Core Insights - Meituan reported a significant net loss in Q3 2025, marking the first operational loss in its core business in three years, with adjusted net loss reaching 16.01 billion RMB compared to a profit of 12.83 billion RMB in the same period last year [2][5][7] Financial Performance - Total revenue for Q3 2025 was 95.49 billion RMB, a year-on-year growth of only 2.0% [2][4] - The net profit margin fell to -16.75%, with a substantial decline from the previous year's profit [2] - The core local commerce segment generated revenue of 67.45 billion RMB, down 2.8% year-on-year, resulting in an operational loss of 14.07 billion RMB [4][5] Segment Analysis - Meituan's delivery service revenue decreased by 17.1% to 23.02 billion RMB, while commission revenue grew by only 1.1% to 26.38 billion RMB [5] - Online marketing services revenue increased by 5.7% to 14.19 billion RMB, and other services saw a significant growth of 84.9% to 3.86 billion RMB [5] Cost Structure - Sales costs surged by 23.7% to 70.31 billion RMB, accounting for 73.6% of total revenue, an increase of 12.9 percentage points year-on-year [5][6] - Sales and marketing expenses rose by 91% to 34.27 billion RMB, representing 35.9% of total revenue, up from 19.2% [5][6] Market Position - Despite the losses, Meituan maintained a leading market share in high-value orders, capturing over two-thirds of the market for orders above 15 RMB and over 70% for orders above 30 RMB [7] - Meituan's market share in instant transactions was 47.1%, with a reported loss of 20% market share compared to previous periods [7] User Metrics - The number of monthly transaction users for Meituan's food delivery service reached a historical high, with total transaction users exceeding 800 million in the past 12 months [7] New Business Developments - The new business segment reported a revenue increase of 15.9% to 28.04 billion RMB, although operating losses increased by 24.5% to 1.3 billion RMB [8] - Meituan's Keeta business is expanding globally, with operations in Hong Kong and Saudi Arabia showing steady growth and improved operational efficiency [8] Cash Reserves - As of September 30, 2025, Meituan held cash and cash equivalents of 99.2 billion RMB, along with short-term investments totaling 42.1 billion RMB, amounting to a total cash reserve of 141.3 billion RMB [8]

Core Insights - Deep Blue Automotive has officially launched a new round of financing at the Chongqing United Property Rights Exchange, with new shareholders holding no more than 20% of the company, and the transaction is expected to be completed by the end of December this year [2] Financial Overview - As of October 2025, Deep Blue Automotive is facing financial challenges, with total equity at -4.512 billion yuan, indicating insolvency. For the first ten months of 2025, the company reported revenue of 39.797 billion yuan and a net loss of 1.025 billion yuan, accumulating losses of 8.9 billion yuan over the past four years [5] - Despite the losses, there are signs of operational improvement, with the chairman stating that the company has achieved profitability in certain months. The management of Chang'an Automobile noted that selling 30,000 units per month would lead to breakeven, and Deep Blue has exceeded this figure multiple times in recent months [5] Sales Performance - Deep Blue Automotive's sales have shown stability, with a year-on-year increase of 57.1% in cumulative sales from January to October 2025. Since September, the company has achieved monthly sales exceeding 30,000 units for three consecutive months [5] - The Deep Blue S07 model has consistently sold over 10,000 units monthly, with total sales surpassing 300,000 units. The Deep Blue S05 topped the sales chart for pure electric compact SUVs in September, with nearly 20,000 units sold in a single month [5] - The company aims to achieve global sales of 2 million units by 2030 [5] Financing Purpose - The funds raised from this financing round will primarily be used for new vehicle research and development, innovation in smart and electric technologies, and enhancing global brand strength. The transition in the new energy sector from "price competition" to "value competition" will be crucial for the company's future development and its path to profitability [5]

Group 1 - Changan Automobile announced the appointment of Wang Hui as Executive Vice President, with a term lasting until the end of the ninth board's term, while he will no longer serve as Vice President [2] - Wang Hui has a rich background, having joined Changan Automobile in 2003 and held various key positions, including becoming the chairman of Avita Technology in September 2022 [4] - Alongside the personnel changes, Changan Automobile approved the establishment of a robotics company with a registered capital of 450 million yuan, in which Changan and its subsidiary will hold a combined 60% stake [5] Group 2 - The establishment of the robotics company aligns with national planning and Changan's strategic transformation, aiming to create "embodied intelligence" innovative products and solutions [5] - Changan Automobile also plans to invest 250 million yuan in a private equity fund focused on opportunities in the automotive industry chain and new energy vehicle sector, with a total subscription amount of 1 billion yuan [5] - The adjustments in the management team and the exploration of new business areas are expected to potentially serve as new growth engines for Changan Automobile [5]

近日，演员杜淳的妻子王灿兮在微博平台发文称，自己从未开通过花呗，却频繁遭到花呗相关催债电话骚扰，该事件迅速引发广大网友关注和热议。 另外，据信号新闻报道，负责花呗安全技术的工作人员回应，用户遭遇此类情况可先向平台反馈，平台核实后会进行对应处理，但对于信息保护措施等核心 问题，并未给出明确答复。这种模糊回应，也让部分用户对平台的信息安全保障能力产生质疑。 作为重庆蚂蚁消费金融有限公司旗下消费信贷产品，花呗以"先消费、后还款"为核心机制，凭借便捷性和灵活性等优势，在市场中占据重要地位。此外，依 托支付宝生态，无需实体卡片与复杂手续，大幅降低了用户接入成本。 然而，在为广大用户带来便利的同时，花呗也暗藏不少隐忧，进一步加剧了用户端的信任危机。在黑猫投诉平台上，关于支付宝花呗的相关搜索词超4万 条，暴力催收已成为投诉重灾区。 有网友反映，"我在支付宝花呗上有逾期，目前暂无能力偿还，但肯定会还，可支付宝花呗催收人员采取暴力催收方式，给我父母打电话，导致我妈妈心悸 就医"。这类事件的频发，不仅损害了用户权益，更不断消耗着平台积累的用户信任。 不少有过类似经历的网友纷纷分享自身遭遇，并支招解决办法。收到网友建议后，王灿兮于 ...

此前，据划重点KeyPoints报道，从供应链等多方了解到，字节跳动和中兴通讯合作的AI手机即将在12月初发布。其中，字节跳动主导豆包大模型的植入与 AI交互功能定义，中兴通讯则主导硬件定义、产品设计和生产制造。 豆包方面表示，这是一款需要和手机厂商一起完成的产品。豆包目前正与多家手机厂商洽谈助手合作，并没有自己开发手机的计划。 据多家媒体报道，12月1日，字节跳动表示，豆包团队发布豆包手机助手技术预览版，是在豆包APP基础上与手机厂商在操作系统层面合作的AI助手软件。 据介绍，基于豆包大模型的能力和手机厂商的授权，豆包手机助手能够为用户带来更方便的交互和更丰富的体验。 ...

Group 1 - Industrial and Commercial Bank of China has raised the minimum threshold for its three-year large-denomination time deposits to 1 million yuan, while the industry standard is around 200,000 yuan [1] - The private equity fund industry in China has surpassed 22 trillion yuan in management scale, indicating a shift towards professionalization and differentiation in competition [1] - Insurance capital is increasingly participating in industrial chain investments through private equity funds, helping to address low interest rate challenges and align with national strategies [1] Group 2 - The A-share merger and acquisition market is experiencing a "not-so-dull" season, with 107 companies announcing major asset restructuring since October, showing significant growth compared to previous years [2] - Major lithium battery separator companies have confirmed price increases, with overall price hikes expected to exceed 20%, potentially turning losses into profits for these companies [2] - The nuclear fusion sector is gaining traction with significant investments, aiming for a market space worth trillions, as projects like the "artificial sun" are progressing towards operational phases [3] Group 3 - Amazon is launching its latest AI chip, Trainium3, aiming to compete with Nvidia and Google by offering lower-cost and more efficient computing power for AI models [3] - ChatGPT faced accessibility issues for some users, with OpenAI implementing measures to restore service [4] - Momenta has denied rumors of a secret IPO application in Hong Kong after abandoning plans for a U.S. listing [4] Group 4 - A founder of an A-share company voted against becoming chairman due to dissatisfaction with the salary, highlighting issues of executive compensation [4] - A wine company faced legal challenges due to aggressive expansion strategies, leading to an apology from its chairman [5] - JD Industrial plans to globally issue approximately 211 million shares at a price not exceeding 15.50 HKD per share [6] Group 5 - Transsion Holdings has submitted an application for H-share issuance, marking a significant step in its dual listing strategy [7] - Kosi Co., Ltd. has undergone a change in actual control following the inheritance of shares, with the new controller maintaining stable operations despite short-term performance pressures [8] - Tianfu Communication announced plans for executives to reduce their holdings, citing personal financial needs [9]

Group 1 - Huakang Clean has won a bid for the Keqiao Future Medical Center purification system project with a contract value of 176 million yuan, accounting for 10.29% of the company's expected revenue for 2024 [1] - Pulike plans to acquire a 4.04% stake in Zhongpu Biological for 17.5143 million yuan, which will increase its ownership to 51.01% and grant control over Zhongpu Biological, which is currently operating at a loss [1] - Guangzhou Port expects a 14.7% year-on-year increase in container throughput for November, reaching 2.399 million TEUs [2] Group 2 - Heng Rui Medicine's application for the marketing authorization of injectable remimazolam has been accepted by the National Medical Products Administration [3] - TBEA has established an asset-backed special plan for accounts receivable with a total subscription amount of 1.7215 billion yuan, which will officially commence on December 2, 2025 [3] - Guomai Culture reported an estimated loss of approximately 40 million yuan from its investment in the film "The Stars of the Three Kingdoms," which is expected to exceed 10% of the company's audited net profit for 2024 [4] Group 3 - Binhai Group has successfully acquired a residential land use right for 1.361 billion yuan, with a construction area of 26,000 square meters [4] - Weichip Bio has received approval from the China Securities Regulatory Commission for a specific stock issuance [5] - China Electric Research plans to sell its entire stake in Guoji Capital for 11.2505 million yuan [6] Group 4 - Sanyou Medical has signed a strategic cooperation and distribution agreement with CGBio of South Korea, obtaining exclusive distribution rights for a product used in spinal fusion and trauma repair [7] - Shengbang Security has received a government subsidy of 1.5 million yuan, accounting for 35.92% of the company's audited net profit for the most recent fiscal year [8] - Design Institute has won 17 projects with a total bid amount of approximately 278 million yuan [9] Group 5 - Xinyu Guokai has appointed Zhang Deyuan as the new deputy general manager [10] - Wanfu Bio has obtained a medical device registration certificate for a combined test kit for respiratory viruses [11] - Guomint Technology has received approval from the CSRC for its H-share issuance [12] Group 6 - Lianlong has been approved to issue up to 2 billion yuan in medium-term notes for technological innovation [14] - ST Zhongqing has announced the resignation of its deputy general manager due to personal reasons [16] - Weisheng Information has won contracts totaling 65.3271 million yuan for projects with the State Grid and Southern Grid [17] Group 7 - Yikang Pharmaceutical has received approval for clinical trials of its aerosol inhalation agent YKYY018 [18] - Suneng Co. has received approval from the CSRC for a public bond issuance of up to 2 billion yuan [20] - Yutong Bus reported an 8.62% year-on-year increase in sales for November, totaling 4,058 units [21] Group 8 - Furan De plans to reduce its shareholding by up to 3% through various trading methods [23] - Beiqi Blue Valley's subsidiary reported a 112.71% year-on-year increase in vehicle sales for November [24] - Yonggui Electric has won a logistics procurement project worth 17.8992 million yuan [25] Group 9 - Aihua Group plans to acquire 100% of Aihua New Power for 20.356 million yuan [26] - Chip Origin has announced plans for a combined reduction of up to 1.15% of its shares by four shareholders [27] - China Electric Environmental Protection has signed a contract worth 125.7 million yuan for a water treatment project [27] Group 10 - Meiyang Jixiang has reported uncertainty regarding the evaluation results of its mineral resource reserve application [28] - Tanshan plans to acquire 51% stakes in Beitelai and Shanghai Tongtu for a total of 6.78 billion yuan [29] - Northern International has received approval for a specific stock issuance from the CSRC [30] Group 11 - China Mobile has received approval for the transfer of state-owned shares to China National Petroleum Corporation [31] - Wolong New Energy plans to invest 804 million yuan in an independent energy storage demonstration project [33] - CATL plans to invest 500 million yuan in a private equity fund focusing on technology and healthcare sectors [34]

六大行全面停售5年期大额存单 记者登录六大行官方APP及手机银行查询时发现，目前各银行大额存单期限结构已明显"短期化"。工商 银行"大额存单"栏目下仅剩余1个月、3个月、6个月、1年、2年、3年六个期限产品。其中，3年期大额 存单产品利率为1.55%，1年期、2年期产品利率均为1.20%。此外，中国银行、建设银行、交通银行及 邮储银行的产品矩阵呈现相似特征，5年期产品均已从在售列表中移除。在农业银行2018年至2025年的 人民币个人大额存单产品目录中，也并未出现5年期大额存单产品的"踪影"。（金融时报） 11月A股新开户数238万户 今年已累计新开2484万户 2025年11月A股新开户238万户，环比10月231万户增长3%，2025年前11个月已累计新开2484万户，同比 增长7.95%。从月度对比来看，2025年1月A股新开157万户，2月环比实现近翻倍增长，3月突破300万 户，4月因关税摩擦市场震荡环比下降37.22%，5月受假期影响进一步回落，6月、7月、8月、9月新开 户数持续回升，10月环比下降21%，11月微升3%。与2024年11月新增270万户开户数相比，2025年11月 新开户下降1 ...