去年营收近2700亿 作者王小娟 编辑周智宇 对63岁的奇瑞董事长尹同跃而言，当港交所聆讯通过的消息传来，那座他带领奇瑞攀登了二十年的资本山峰，终于云开雾散，露出了峰顶。 二十一年前的那个冬天，同样是踌躇满志的上市计划，却最终折戟。二十一年间，中国汽车工业的牌桌上，旧王退位，新贵崛起，城头变幻大王旗。而奇瑞， 这家起于安徽"小草房"的自主品牌"老大哥"，似乎总在"陪跑"。 如今，奇瑞不再甘心陪跑。一份年营收近2700亿、净利润超140亿的成绩单，以及连续22年中国品牌乘用车出口第一的桂冠，终于为尹同跃叩开了资本市场的 大门。 这看上去是一个"优等生"水到渠成的加冕时刻，但招股书的字里行间却透露出另一重叙事：高企的负债率，远低于行业均值的新能源渗透率，以及尚在亏损与 微利间挣扎的电动车业务。 这才是奇瑞奔赴港交所的真正注脚：辉煌的燃油车时代正在落幕，而电动化与智能化的新战场上，奇瑞虽已入局，却仍是追赶者。面对比亚迪的铁蹄、新势力 的围剿，以及吉利、长安的贴身肉搏，技术、渠道、品牌的每一寸阵地都需要真金白银的投入。 因此，这场迟到了20年的IPO，与其说是庆功的香槟，不如说是下一场血战的"弹药"。它能否治愈奇瑞的 ...

北京时间9月10日凌晨1点，苹果今年最重磅的新品发布会拉开序幕， 主题为"前方超燃"(Awe Dropping)。 一图看懂苹果发布会 iPhone 17 热锻铝金属一体成型机身 A19 Pro 第三代 3 纳米芯片 采用蒸发冷却技术 造就巅峰实力 银色 星宇橙色 深蓝色 4 A19 PRC 8 倍光学品质变焦 全新"珠光"摄影风格 Center Stage 前摄 自拍合照更智能 □□﹞ 电池续航大大突破 iOS 26 全新 Liquid Glass 设计 超坚固耐用 前后均由 超瓷晶面板守护 iPhone Air 迄今最薄 iPhone, 身藏高能内核。 RMB 333/月起或 RMB 7999 起1 9 月 12 日晚 8 点接受预购 9 月 19 日发售 iPhone Air 迄今最薄 iPhone A19 Pro 钛金属边框 A19 第三代 3 纳米芯片 前后均由 超瓷晶面板守护 蓝图购用 Center Stage 前摄 4800 万像素 iOS 26 融合式摄像头系统 自拍合照更智能 実激 Liquid Glass 设计 二摄一体超先进 6.5 英寸超视网膜 XDR 屏² 全天电池续航4 1 Pro ...

美国截至3月的一年间就业增长远不如此前报告所示，这加大了美联储降息的压力。 根据美国政府周二公布的初步基准修订数据，截至3月的一年间的非农就业人数下修91.1万，相当于每月平均少增加近7.6万。按1.71亿劳动力总数计算，本次 修订约占0.6%。这是自2000年以来的最大下修幅度。 市场对本次数据下修的预期为68.2万。在本次数据公布前，多位经济学家表示，截至今年3月的一年里，美国就业人数可能会被大幅下修近80万。美国财长贝 森特也预警年度就业可能下修多达80万。然而，最终的下修幅度比市场普遍预期的还要糟糕。 分行业来看，几乎所有行业的就业人数均被下调。下修幅度最大的行业包括：休闲和酒店业–17.6万，专业和商业服务业–15.8万，零售贸易–12.62万，制造业 的就业人数也显著下调。只有交通运输与仓储以及公用事业小幅上调。几乎所有修订都集中在私营部门；政府部门的就业数据则下修了3.1万。 在该报告发布之前，美国政府的数据显示，截至3月的一年间，雇主在未经过季节性调整的情况下共新增近180万个就业岗位，平均每月增加14.9万个。 本次非农年度修正报告涵盖的大部分时间段在特朗普就任美国总统之前，表明该国就业形势 ...

英伟达CEO黄仁勋表示，Rubin CPX是首款专为百万级token处理而构建的CUDA GPU。他说： "正如RTX革命性地改变了图形和物理AI，Rubin CPX是首款专为大规模上下文AI而构建的CUDA GPU，模型可以同时进行数百万个知识token的推理。" 美东时间9月9日周二，英伟达发布新一代Rubin CPX芯片系统，专门针对AI视频生成和软件开发等大规模上下文处理任务，强化AI编码和视频处理能力。 Rubin CPX定于2026年底上市，采用卡片形式，可集成到现有服务器设计中或作为独立计算设备在数据中心运行。 这款芯片系统在技术规格上实现重大突破。Rubin CPX GPU提供30千万亿次浮点（petaflops）运算能力（NVFP4精度），配备128GB GDDR7内存，支持视 频解码和编码的硬件，相比英伟达GB300 NVL72系统，注意力加速3倍。 完整的Vera Rubin NVL144 CPX平台在单个机架中集成144个Rubin CPX GPU、144个Rubin GPU和36个Vera CPU，提供8 exaflops AI性能，性能为英伟达 GB300 NVL72系统的7.5倍 ...

寒武纪（688256）9月9日晚间公告，公司近日收到中国证监会出具的《关于同意中科寒武纪科技股份有 限公司向特定对象发行股票注册的批复》（简称《批复》）。 《批复》同意公司向特定对象发行股票的注册申请，有效期为12个月。公司将按照相关法律法规和批复 文件的要求，在规定期限内办理本次向特定对象发行股票的相关事项，并及时履行信息披露义务。 记者梳理公告发现，寒武纪5月1日曾披露定增预案，拟向特定对象发行A股股票募资不超过49.8亿元，用 于面向大模型的芯片平台项目、面向大模型的软件平台项目、补充流动资金。 | 序号 | 项目名称 | 拟投资总额 | 拟用募集资金投资金额 | | --- | --- | --- | --- | | | 面向大模型的芯片平台项目 | 290,000.00 | 290,000.00 | | 2 | 面向大模型的软件平台项目 | 160,000.00 | 160,000.00 | | 3 | 补充流动资金 | 48,000.00 | 48,000.00 | | | 合计 | 498,000.00 | 498,000.00 | 寒武纪8月28日发布股价异动公告称，公司关注到近期市场上存在部 ...

在权力场里温文尔雅地穿梭，不代表背后不会随时扔出重拳。 在公开场合，美国财长贝森特是一位言语温和、具备深厚经济学识的专家，其沉稳的形象被视为平息市场紧张情绪的"镇定剂"。然而，在幕后，这位前对冲基 金亿万富翁却以其火爆脾气和激烈作风而闻名，这种强烈的反差正日益成为华盛顿权力走廊内公开的秘密。 这种私下的暴躁脾气上周被公之于众。据Politico报道，在一场于华盛顿乔治敦举办的私人晚宴上，贝森特与联邦住房金融局（FHFA）局长Bill Pulte爆发了激 烈冲突。 目击者称， 贝森特在充斥着脏话的咆哮中，威胁Pulte要"一拳打在你**的脸上"（punch you in your f*cking face）， 令在场的数十名特朗普政府高官和顾 问汗颜。当有人试图介入调解时， 贝森特还发出了"有我没他"的最后通牒，甚至提议两人直接"到外面去"解决。 这并非贝森特首次与同僚发生激烈争执。今年4月，他也曾在白宫椭圆形办公室外与马斯克激烈对峙。 故事发生在上周三晚间、乔治敦一家名为Executive Branch的超高档俱乐部，该俱乐部由特朗普圈内的顶级富豪创建，当晚是其开幕晚宴。 当晚，约有30名宾客出席晚宴，包括交 ...

Core Viewpoint - The pet industry in China is increasingly mirroring human services, with a focus on professional veterinary care and various pet-related services that cater to the emotional and physical needs of pets and their owners [5][68]. Group 1: Veterinary Services - The China Agricultural University Animal Hospital is likened to a top-tier human hospital, featuring a similar patient flow and extensive diagnostic services [6][41]. - The hospital offers a wide range of treatments, including acupuncture for dogs and advanced imaging services like X-rays and CT scans for various pets [31][35]. - The hospital's reputation has led to it being referred to as the "Peking Union Medical College Hospital" of the animal world, highlighting its high standards and successful treatment outcomes [40][41]. Group 2: Market Growth and Trends - As of 2024, the number of pet cats and dogs in China is projected to exceed 124 million, indicating a significant market potential [68]. - The urban pet market is expected to surpass 300 billion yuan by 2024, with projections to exceed 400 billion yuan by 2027, reflecting robust growth in the pet industry [69]. - The pet service market is still underpenetrated compared to mature markets like the U.S., suggesting substantial room for growth [70]. Group 3: Emotional and Social Aspects - Pet ownership is increasingly seen as a source of emotional value, providing companionship and a sense of purpose for owners [78][81]. - The relationship between pets and their owners is characterized by positive feedback, where owners feel their efforts are recognized and valued [83]. - The trend of treating pets with high-quality care and services reflects owners' desires to compensate for their own emotional needs and experiences [89][91].

Core Viewpoint - The upcoming Apple event is expected to highlight the iPhone 17 series, particularly the ultra-thin iPhone 17 Air, which may drive user upgrades due to its innovative design and potential price adjustments [3][5][14]. Product Innovations - The iPhone 17 Air will feature a thickness of only 5.5mm, making it the thinnest iPhone to date, and will include a 6.6-inch display with a weight of approximately 145 grams [5]. - The iPhone 17 series will also include standard, Pro, and Pro Max versions, with the standard model featuring a larger 6.3-inch screen and a 120Hz refresh rate for the first time [8]. - Apple Watch and AirPods Pro lines will see comprehensive updates, including the introduction of Apple Watch Series 11 and AirPods Pro 3, marking the first updates in three years [11][12]. Pricing Strategy - Apple is expected to implement a mild price increase for the iPhone 17 series, the first in seven years, by adjusting storage options rather than directly raising prices [14]. - The iPhone 17 Pro will eliminate the 128GB entry-level version, raising the starting storage to 256GB, with a price increase from $999 to $1,099 [14]. - The iPhone 17 Air is anticipated to be priced between $899 and $949, replacing the underperforming Plus model [5][14]. Competitive Landscape - Apple faces significant competition in the AI space from Google and Samsung, with concerns about its ability to integrate AI features effectively into its products [17][18]. - The company is reportedly behind in AI advancements, with plans to enhance Siri's capabilities through partnerships and new chip developments [17]. Market Challenges - In the Chinese market, Apple may encounter unique challenges, including delays in the launch of the Apple Intelligence suite, which could impact the iPhone 17's initial appeal [20][21]. - The iPhone 17 Air may face technical entry issues in China due to its potential reliance on eSIM technology, which could delay its release [21]. - Analysts note that the popularity of foldable phones in China is crucial for Apple's market share, as competitors like Samsung and Google have already launched their foldable models [21].

Core Viewpoint - The anticipated interest rate cut by the Federal Reserve in September may act as a brake on the current bull market in U.S. stocks, potentially leading to profit-taking by investors [1] Group 1: Market Performance and Sentiment - Despite the strong performance of the S&P 500 index, which has reached over 20 historical highs this year and rebounded more than 30% since April, the internal support for the bull market is weakening [2] - The upcoming month of September, historically the worst month for U.S. stocks, raises concerns about market direction [3] - The market is experiencing heightened anxiety among investors due to the impact of tariffs and recent weak employment data ahead of the anticipated rate cut [2][3] Group 2: Risks and Concerns - Concerns are raised about the potential for "good news to be fully priced in," as comments from public and private companies indicate more cost pass-throughs due to tariffs, with uncertain speed and scale [4] - The interest rate cut itself may introduce new inflationary pressures, as it could stimulate labor demand and lead to wage inflation, which is a concern for future market stability [5] - Historical data shows that September typically sees a range of factors that suppress market performance, including portfolio rebalancing by pension and mutual funds, reduced participation from retail investors, and decreased stock buybacks ahead of third-quarter earnings [6] Group 3: Historical Context and Strategies - Historical data indicates that when the Federal Reserve cuts rates during non-recession periods, September market performance can defy seasonal weakness, with the S&P 500 averaging a 1.2% increase in such years [7] - Different institutions propose strategies to navigate the current risks, with Morgan Stanley suggesting "buying the dip," while JPMorgan's trading team recommends hedging strategies and increasing exposure to gold to mitigate potential market volatility [8]

Core Viewpoint - The U.S. Treasury Secretary, Becerra, predicts a significant acceleration in the U.S. economy in the fourth quarter, despite current weak employment data [1][3]. Employment Data - The U.S. labor market showed disappointing results, with only 22,000 jobs added in August and the unemployment rate rising to 4.3%, marking the fourth consecutive month of weak employment data [2][3]. - Becerra acknowledges the loss of 42,000 manufacturing jobs since the announcement of comprehensive tariff policies in April [3][4]. Economic Policy and Recovery - Becerra defends the government's economic policies, stating that recovery in manufacturing will take time and cannot be achieved overnight [3][4]. - He emphasizes the need for patience regarding the manufacturing sector's recovery and highlights that significant investments are being planned by companies in the U.S. [5]. Investment Intentions - There is a record level of investment intentions from companies planning to build production facilities in the U.S., which is expected to create job opportunities in construction first, followed by manufacturing [5]. - Becerra mentions that the Treasury Department is receiving daily inquiries from management teams, with most companies indicating plans to increase capital expenditures and employment [5]. Criticism of Data and Federal Reserve - Becerra questions the reliability of the employment data, suggesting that August is typically a noisy month for data collection and that significant revisions may occur [4]. - He criticizes the Federal Reserve for being slow to respond to economic data, suggesting that they should have started lowering interest rates earlier [4].