（原标题：美银证券：下调比亚迪电子(00285)评级至"中性" 降目标价至42港元） 该行预计，在母公司比亚迪股份(01211)ADAS快速渗透支持下，比亚迪电子2024至2027年汽车业务收入年复合增长率料达36%，部分抵消负面影 响。同时将比亚迪电子2025至2027年的盈利预测下调1%至11%，以反映智能手机业务的风险。 智通财经APP获悉，美银证券发布研报称，将比亚迪电子(00285)评级由"买入"下调至"中性"，因其在iPhone外壳和智能手机组装业务，今年下半 年起面临来自同业蓝思科技(06613)的激烈竞争，可能会拖累已经疲软的消费性电子产品销售。 该行认为，由于竞争加剧导致盈利增长放缓，预测市盈率14倍(低于历史平均水平)属合理。本月，由于市场对比亚迪电子AI服务器液冷业务的更 高预期，推动股价上升21%，认为目前预测2026年市盈率13倍的估值合理，位于过去三年中周期水平。 ...

Group 1 - The article highlights the top 20 stocks with significant capital inflow as of August 18, with ZTE Corporation leading at 2.354 billion yuan [1] - Other notable stocks include Li Ao Shares with 1.285 billion yuan and Hua Sheng Tian Cheng with 663 million yuan [1] - The list also features companies like BYD with 320 million yuan and Tonghuashun with 309 million yuan, indicating strong investor interest [1]

据美媒报道，特斯拉近日正在美国纽约招聘测试司机，以驾驶并测试配备"自动驾驶系统"的车辆。特斯拉官网的一则招聘 信息显示，该公司拟在纽约皇后区招聘车辆操作员。这些受聘者将"负责长时间驾驶工程测试车辆，为其自动驾驶测试和训练开 展动态音频及摄像头数据采集工作"。 ◆国内新闻 湖南车网互动服务平台上线运行 8月17日，据湖南省人民政府官网，湖南车网互动服务平台近日正式上线运行，支持车网互动规模化应用。车网互动按能量 流向分为有序充电和双向充放电。简单来说，电动汽车可以根据电网调节错峰充电，也可以反向送电给电网，意味着电动汽车 从"耗电工具"变身为"移动充电宝"。 西北首条城市无人机医药配送航线启用 8月17日，据陕西发布，近日，由陕西物流集团产业研究院有限公司与灞桥区政府共同建设的西北地区首条城市无人机空中 医药配送航线启用。该航线将常态化运营，以灞桥区为核心区域，启用市场通用型高载重旋翼无人机执飞，最高载重30公斤。 ◆国际新闻 特斯拉在纽约市招聘自动驾驶出租车测试司机 岚图CEO倡议：充电至80%主动让位 提升高速充电效率 8月17日，岚图汽车科技有限公司CEO卢放发微博分享了他在高速公路服务区充电站的观察，指 ...

人形机器人系列 车中旭霞 行业深度： 《人形机器人系列专题之新型减速器： 新型减速器有望成为人形机器人新的迭代方向》——20250707 《人形机器人系列专题之六维力传感器：高价值和高壁垒的力控核心部件，国产供应商持续发力》——20250505 《人形机器人系列专题之丝杠：高壁垒精密机械件，国产替代空间广阔》——20241204 《人形机器人系列专题之减速器：国产品牌有望迎来产业升级机遇》——20240926 《汽车行业年度投资策略-把握汽车出海及智能化产业升级机遇》——20241122 相关个股： 《拓普集团-平台型汽车零部件的业务复盘和展望 》——20230321 《三花智控-热管理龙头的长期成长性展望》——20231213 《双环传动-以车端与机器人业务为核，打造精密齿轮平台型供应体系》——20230811 《银轮股份：热管理先行者，数字能源、机器人新领域加速拓展》——20250325 《精锻科技-国内乘用车精锻齿轮细分赛道龙头》——20220829 《祥鑫科技- 冲压模具及精密结构件专家，机器人有望打开增量空间》——20250618 《旭升集团：深耕新能源轻量化，开启品类扩张新周期》——2023020 ...

Core Viewpoint - BYD Insurance has shown significant improvement in its financial performance, achieving profitability in the first half of 2025, with a net profit of 31.35 million yuan, following a substantial reduction in its combined loss ratio and cost ratio [1][2]. Financial Performance - In the first half of 2025, BYD Insurance reported insurance business revenue of 1.398 billion yuan and a net profit of 31.35 million yuan, a notable increase from the first quarter's net profit of 5.77 million yuan [1][2]. - The combined loss ratio decreased to 95.13% and the combined cost ratio fell to 101.23%, moving closer to industry averages, which are around 70% and 100% respectively [2]. Business Operations - The average premium per vehicle for BYD Insurance in the first half of 2025 was 4,300 yuan, an increase of 100 yuan from the first quarter, aligning closely with the industry average of 4,395 yuan for new energy vehicles [3]. - The company generated 1.389 billion yuan in vehicle insurance premiums, accounting for 99% of total premiums, primarily through direct sales channels [3]. Regulatory Background - BYD Insurance was formed from the restructuring of Easy安 Insurance, which was taken over by the regulatory authority in July 2020 due to inadequate solvency [4]. - After completing the market-oriented restructuring in May 2023, BYD acquired 100% of Easy安 Insurance, which was subsequently renamed Shenzhen BYD Property Insurance Co., Ltd [4].

以下文章来源于36氪出海 ，作者36氪出海 36氪出海 . 36氪出海（letschuhai.com）是关注出海的行业媒体，为企业跨境提供海外咨询及专业服务，同时运营 着超万人的出海生态社群。 来源｜ 36氪出海（ID：wow36krchuhai） 封面来源 ｜ Unsplash 8月13日消息，小米近日对非洲市场进行人事调整，任命刘社全担任非洲地区部总经理兼任西非战区 负责人，向国际销售部总经理林恩汇报。另外，此次人事调整还涉及多位非洲地区部负责人。在此前 的第八届中非企业家大会上，小米集团创始人、董事长兼CEO雷军在演讲中表示，小米已经在埃及、 南非、尼日利亚、摩洛哥、阿尔及利亚、肯尼亚等16个非洲国家开展业务，下一步将加大在非洲大陆 的投入。（新浪科技） 滴滴旗下99Food巴西上线 滴滴出行旗下巴西外卖平台99Food于8月12日正式登陆圣保罗市及其周边7个卫星城市（瓜鲁柳斯、奥 萨斯科等），同步覆盖戈亚尼亚市，形成2.8万家餐厅、6.5万名配送员的规模化服务网络。这一布局 标志着滴滴以"零佣金+低费率"模式向本土巨头iFood发起挑战，直击巴西外卖市场痛点。99Food巴西 区总经理布鲁诺·罗西尼表 ...

| 项目 | 2025年1-6月 | 2024 年 1-6 月 | 变动金额 | 变动比例 | | --- | --- | --- | --- | --- | | 营业收) | 54,001.95 | 51.117.12 | 2,884.83 | 5.64% | | 营业利润 | 9,622.54 | 8,376.72 | 1,245.82 | 14.87% | 本周，2只新股的上市首日平均涨幅为324.82%。其中，广东建科首日大涨418.45%，单签收益约1.4万元。此外，北交所新股今年以来表现较为活跃。 Choice数据显示，截至8月17日，年内共有9只北交所新股上市，上市首日平均涨幅为326.11%。 华金证券研报观点显示，近期，或由于新股高位情绪暂时尚未明显褪去，叠加重大产业事件催化，新股二级交投再度有所活跃。但需要注意，新股首日情 绪指标已经开始降温，虽然目前尚未显著传导到二级交投，但变化可能已经展开。短期来看，随着性价比逐渐稀缺，多空博弈加剧或是大概率；当前可能 正处于本轮活跃周期末端的关键变化期，建议继续适度谨慎，灵活应变。 根据目前安排，下周（8月18日至22日）将有1只北交所新股可申购。拟 ...

Company Developments - Alibaba International Station launched an "overseas spot" model, allowing merchants to stock goods in overseas warehouses, significantly shortening decision-making cycles and covering 28 countries in Europe and the US [2] - Yushu Technology's founder Wang Xingxing revealed that overseas business accounts for about 50% of the company's annual performance, with global robot industry shipments expected to double annually in the coming years [2] - Xiaomi appointed several executives for the African market, with plans to increase investment in 16 African countries, including Egypt and Nigeria [2] Market Expansion - Didi's 99Food launched in Brazil, covering São Paulo and surrounding cities, with a strategy of "zero commission + low fees" to challenge local competitor iFood [3] - AliExpress introduced "overseas custody" service in Mexico, allowing local merchants to stock goods and gain promotional benefits [3] Technology and Innovation - ZhuiMi established a new division for TVs and projectors, integrating AI algorithms and design resources, with new products expected to debut in September [4] - Zhiyuan Robotics launched the Genie Envisioner platform, integrating future frame prediction, strategy learning, and simulation evaluation for robotic control [4] - Yuewen Group reported a 68.5% year-on-year increase in revenue, with AI translation significantly boosting overseas reading platform WebNovel's income [4] Sales and Performance - BYD's sales in Mexico exceeded 80,000 units, with over 80 showrooms established [6] - Leap Motor exported 24,980 units in the first seven months of 2025 [6] Investment and Financing - WeRide received a multi-million dollar investment from Grab to accelerate the deployment of Robotaxi in Southeast Asia [7] - Recycled plastic company Ruimo Environmental completed a financing round to expand technology and market reach, focusing on high-quality recycled plastics for demanding markets [7] - New Sound Semiconductor raised 288 million yuan in B+ round financing to enhance R&D and overseas business expansion [7] Policy and Market Trends - AI companies are increasingly seeking IPOs in Hong Kong, with 213 applications submitted, including around 50 from AI firms, reflecting strong market interest [8] - The global robotics industry is experiencing significant growth, with companies exploring international expansion strategies [8]

记者了解到，本批装载的车辆为比亚迪新能源汽车，8月中上旬陆续在石湖作业区集港，运输到欧洲全 程约1万海里，航行时间约39天。 泉州边检站执勤三队教导员庄励清介绍，为保障口岸通关安全顺畅，该站创新构建"车+港+航线"保障 链，实现船舶"即到即检"、通关"零等待"、装卸"零延时"，最大限度缩短船舶在港时间，降低物流成 本，为新航线顺畅运行及新能源汽车高效出口提供坚实保障。 中新社泉州8月17日电 马绍尔群岛籍"海河口"滚装轮满载1074辆中国制造的新能源汽车，17日14时10分 从福建泉州石湖港启程，驶向法国、瑞士、挪威等欧洲国家。 据悉，这是泉州首次开辟至欧洲的滚装运输航线，也是泉州港首次服务保障新能源汽车整车滚装出海业 务，为中国新能源汽车出海添加一条黄金物流通道。 （文章来源：中国新闻网） ...

Core Viewpoint - The article discusses the implementation of a 60-day payment term for suppliers by major automotive companies in China, highlighting both the progress made and the challenges faced in adhering to this commitment [3][5]. Group 1: Supplier Payment Practices - The Ministry of Industry and Information Technology (MIIT) reported that companies like FAW, GAC, and Seres have successfully implemented the 60-day payment term through process optimization [5][7]. - However, the execution of this commitment varies across the industry, with some suppliers reporting that the actual practices have not changed despite official notifications [7][9]. - Many suppliers express skepticism about the real impact of the 60-day term, citing operational challenges and a lack of proactive communication from automotive companies [8][9]. Group 2: Industry Payment Dynamics - The average accounts payable turnover days for listed automotive companies is projected to be 182 days in 2024, indicating that suppliers often wait six months to a year for payment [11][12]. - The traditional payment model involving long payment terms and commercial acceptance bills has become a norm, further extending the actual payment cycle for suppliers [11][12]. - The financial strain on automotive companies is evident, with major firms like BYD and SAIC having significant accounts payable, which constitutes over 55% of their current liabilities [12][13]. Group 3: Challenges to Implementing 60-Day Terms - The successful implementation of the 60-day payment term hinges on balancing the cash flow needs of automotive companies with the operational needs of suppliers [15][16]. - Structural imbalances in the supply chain, where larger companies dominate, create pressure on smaller suppliers to accept unfavorable terms [16][17]. - The automotive industry is facing declining profit margins, with the average profit rate dropping from 7.3% in 2018 to 4.3% in 2024, complicating the financial landscape for companies to adhere to the new payment terms [16][17].