每经AI快讯，部分智驾概念股走高，截至发稿，敏实集团(00425.HK)涨12.95%，报38.56港元；博泰车 联(02889.HK)涨7.26%，报245.4港元；耐世特(01316.HK)涨4.39%，报7.37港元；德昌电机控股 (00179.HK)涨3.88%，报30.54港元。 ...

每经AI快讯，部分智驾概念股走高，截至发稿，敏实集团(00425.HK)涨12.95%，报38.56港元；博泰车 联(02889.HK)涨7.26%，报245.4港元；耐世特(01316.HK)涨4.39%，报7.37港元；德昌电机控股 (00179.HK)涨3.88%，报30.54港元。 ...

消息面上，1月7日，三部门联合印发《上海高级别自动驾驶引领区"模速智行"行动计划》，加速智能网 联技术创新向产业竞争力转化，有望推动上海高级别自动驾驶由示范走向规模化商业化。近日，广东省 人民政府办公厅印发《广东省人工智能赋能交通运输高质量发展若干政策措施》。 平安证券认为，自动驾驶技术走向量产应用。当前获批的L3车型的运行条件还存在诸多限制。智能驾 驶的商业化进程有望在2026年加速。尽管目前L3车型的运行条件还存在诸多限制，但L3车型的准入获 批意味着智驾在技术、政策端的进步，为后续智驾的商业化进程奠定基础。2026年智能驾驶的商业闭环 有望进一步打通。 智通财经APP获悉，部分智驾概念股走高，截至发稿，敏实集团(00425)涨12.95%，报38.56港元；博泰 车联(02889)涨7.26%，报245.4港元；耐世特(01316)涨4.39%，报7.37港元；德昌电机控股(00179)涨 3.88%，报30.54港元。 ...

花旗发表报告，对敏实集团开启90天上行催化剂观察，目标价为46港元，评级"买入"。报告指，AI液冷 产品的大规模交付很可能已于1月开始，预期敏实在AI液冷领域将进一步获得订单。另外，该行认为德 国重新推出的补贴政策可能为敏实欧洲销售带来上行风险。其他催化剂因素包括铝价上涨的影响可控； 墨西哥关税上调的影响有限，2026年料涉及约100万美元；机器人业务2026年营收贡献约1亿元；估值具 吸引力，股息率达3.8%，派息率达40%。 ...

花旗发布研报称，对敏实集团(00425)开启90天上行催化剂观察，目标价46港元，评级"买入"。 报告指，AI液冷产品的大规模交付很可能已于1月开始，预期敏实在AI液冷领域将进一步获得订单。另 外，该行认为德国重新推出的补贴政策可能为敏实欧洲销售带来上行风险。其他催化剂因素包括铝价上 涨的影响可控;墨西哥关税上调的影响有限，2026年料涉及约100万美元;机器人业务2026年营收贡献约1 亿元人民币;估值具吸引力，股息率达3.8%，派息率达40%。 ...

报告指，AI液冷产品的大规模交付很可能已于1月开始，预期敏实在AI液冷领域将进一步获得订单。另 外，该行认为德国重新推出的补贴政策可能为敏实欧洲销售带来上行风险。其他催化剂因素包括铝价上 涨的影响可控; 墨西哥关税上调的影响有限，2026年料涉及约100万美元; 机器人业务2026年营收贡献约 1亿元人民币; 估值具吸引力，股息率达3.8%，派息率达40%。 智通财经APP获悉，花旗发布研报称，对敏实集团(00425)开启90天上行催化剂观察，目标价46港元，评 级"买入"。 ...

Group 1 - The Hang Seng Index fell by 0.1%, down 26 points, closing at 26,559 points, while the Hang Seng Tech Index decreased by 0.4% [1] - Baidu Group (09888) led blue-chip stocks with a 4% increase following the official release of its Wenxin large model version 5.0 [1] - Tianzuo Zhixin (09903) surged over 14%, reaching a new high since its listing, with plans to release a roadmap for its next three generations of GPGPU products on January 26 [1] - Minshi Group (00425) rose over 10%, benefiting from the increase in European electric vehicle production and actively entering humanoid robots and liquid cooling sectors [1] - Junda Co., Ltd. (02865) increased by over 14%, planning to raise funds through a share placement for the development of space photovoltaic battery products [1] - Yingshi Intelligent (03696) rose over 5%, achieving a new peak as its AI-enabled tumor drug development capabilities received further recognition [1] Group 2 - Jiantao Group's stock (01888) rose over 2%, with Goldman Sachs optimistic about the Chinese PCB and CCL industries [2] - Pacific Shipping (02343) increased by over 7%, reaching a new high as the BDI index climbed to a two-week high [3] - China Shipbuilding Defense (00317) rose over 3%, with its 2025 performance forecast meeting market expectations, likely benefiting from the integration of shipbuilding assets [4] - CNOOC Services (02883) increased by over 4%, converting $746 million in debt to equity to enhance its oil and gas business in Norway [5] - Kingsray Biotechnology (01548) fell over 6%, following a significant drop of over 11% in its joint venture Legend Biotech's stock price [6] - Nanshan Aluminum International (02610) dropped over 8% due to a 6.4% discount on a rights issue, raising net proceeds of HKD 1.99 billion [7] - New stock Longqi Technology (09611) debuted with a price of HKD 32.5, up 4.84% on its first day of trading [8]

Vi e w p o i n t | Limited impact from Mexico tariff hike — Mexico imposes new tariffs on cars and auto parts for China (link, Automotive Logistics, 12 Jan), with new tariff rate up to 50% (from ~20%). Given Minth achieved localized procurement complying with the US-Mexico-Canada Agreement (USMCA) rules, we think the tariff hike would pose limited impacts on Minth (~USD1mn in 2026E). 21 Jan 2026 10:58:55 ET │ 12 pages Minth (0425.HK) Upside Risk in AI Liquid Cooling + EU Sales; Open 90D +ve CW CITI'S TAKE W ...

Core Viewpoint - The stock of Minth Group (00425) has increased by over 10%, currently trading at 37.34 HKD, with a transaction volume of 248 million HKD, driven by the news of Germany's electric vehicle subsidy policy being reinstated [1] Group 1: Electric Vehicle Market - The German government plans to allocate 3 billion euros by 2029 to support low- and middle-income families in purchasing zero-emission vehicles, aiming to promote the adoption of electric vehicles and aid the recovery of Germany's automotive market [1] - Minth Group's battery box business is expected to see a year-on-year revenue growth of approximately 50% in both 2024 and the first half of 2025, benefiting from orders covering popular electric vehicle platforms from European automakers such as Volkswagen, Stellantis, and Renault [1] Group 2: Emerging Business Ventures - Minth Group is actively entering emerging sectors such as humanoid robots, liquid cooling, and low-altitude economy, leveraging its expertise and production capacity in automotive manufacturing [1] - The company has signed a strategic cooperation agreement with ZhiYuan Robotics to jointly develop components like joint modules and electronic skin, with small batch samples already completed and a demonstration production line established in its internal factory [1] - Minth Group's AI server liquid cooling business has secured orders from leading Taiwanese manufacturers, integrating into the global semiconductor supply chain, and is set to establish a joint venture with FuMan Technology to achieve mass production capabilities by the end of 2025 [1]

消息面上，据中国汽车报消息，德国政府电动汽车补贴政策即将重启。报道称，近日，德国总理默茨对 外透露，政府拟在2029年之前拨款30亿欧元，用于支持中低收入家庭购买零排放汽车。这一新政旨在推 动电动汽车普及，并助力德国这一欧洲最大的汽车市场复苏。开源证券此前指出，2024年、2025年上半 年敏实集团电池盒业务营收同比增速均在50%左右。公司订单覆盖大众、Stellantis、雷诺等欧系车企的 畅销电车平台，有望持续受益于欧洲电动车放量。 智通财经APP获悉，敏实集团(00425)再涨超10%，截至发稿，涨9.37%，报37.34港元，成交额2.48亿港 元。 国盛证券指出，敏实依托汽车制造领域的工艺与产能积淀，积极切入人形机器人、液冷、低空经济等新 兴赛道。人形机器人领域，敏实与智元机器人签订战略合作协议，联合开发关节模组、电子皮肤等部 件，已完成小批量交样并在内部工厂搭建示范产线；AI服务器液冷业务获台湾头部厂商订单，切入全 球半导体企业供应链，与福曼科技合资建厂，2025年底将具备大批量生产能力。该行认为，敏实的新兴 业务与主业技术协同性强，商业化进展持续落地，打开了公司长期成长空间。 ...