新浪科技讯 12月8日晚间消息，据报道，原字节跳动公关总监杨继斌在朋友圈宣布，已于本月正式加盟 理想汽车，具体职位未知。截至发稿前，理想汽车暂无回应。 资料显示，杨继斌曾在南方日报、新京报、南方周末等媒体任职，于2016年加入今日头条；2024年9 月，从字节跳动公关部转任顾问角色，专注于战略咨询。 责任编辑：何俊熹 资料显示，杨继斌曾在南方日报、新京报、南方周末等媒体任职，于2016年加入今日头条；2024年9 月，从字节跳动公关部转任顾问角色，专注于战略咨询。 责任编辑：何俊熹 新浪科技讯 12月8日晚间消息，据报道，原字节跳动公关总监杨继斌在朋友圈宣布，已于本月正式加盟 理想汽车，具体职位未知。截至发稿前，理想汽车暂无回应。 ...

新旧光阴各自催，又到一年岁末时。 2025年已近尾声，只剩最后一个月，各家车企年初定下的目标完成了多少呢？ 2025年1-11月部分国内车企销量及全年目标完成情况 | 车企 | 1-11月销量 | 全年目标(万辆) | 目标完成度 | | --- | --- | --- | --- | | | (万种) | | | | 中国一汽 | 299. 5 | 345 | 86. 81% | | 长安汽车 | 265. 8 | 300 | 88. 60% | | 上汽集团 | 410. 8 | 450 | 91. 29% | | 广汽集团 | 153. 4 | 230 | 66. 70% | | 比亚迪 | 418. 2 | 460 | 90. 91% | | 吉利汽车 | 278.8 | 300 | 92 93% | | 奇瑞汽车 | 256. 1 | 增长超行业10-20 个自分点 | 1 | | | 119. 97 | | | | 长城汽车 | | 1 | 1 | | 理想汽车 | 36. 2 | 64 | 56. 56% | | 蔚来汽车 | 27.8 | 44. 4 | 62. 61% | | 小鹏汽车 | ...

Investment Rating - The report maintains a "Recommendation" rating for the media industry, expecting the industry index to outperform the benchmark index by over 5% in the next 3-6 months [2][40]. Core Views - The media sector is anticipated to experience a rebound, particularly in gaming and AI applications, with significant growth potential in these areas. The report emphasizes the importance of both sharpness and allocation in the current market environment [3][6]. - The gaming market is highlighted as entering a favorable valuation zone, with specific companies like Giant Network and Century Huatong recommended for investment [6][16]. - The film market is recovering, with the total box office reaching approximately 437.06 billion yuan, which is about 78% of the 2019 level, indicating a strong recovery trajectory [19][20]. Market Performance Review - The media sector index fell by 3.86% last week, underperforming the CSI 300 index, which rose by 1.28%, resulting in a relative underperformance of 5.14% [9][10]. - The total market capitalization of the media sector is approximately 19,595.28 billion yuan, with a circulating market value of 17,850.96 billion yuan [3]. Gaming Market Insights - Tencent's products dominate the iOS gaming market, with titles like "Peace Elite" and "Love and Deep Space" performing strongly [16]. - Upcoming game releases include "Rust" and "PUBG: BLACK BUDGET," which are expected to generate significant interest [18]. Film Market Overview - The film "Zootopia 2" has achieved a box office of nearly 23 billion yuan within six days, with projections suggesting it could help the total annual box office exceed 500 billion yuan [27]. - The total box office for the year has reached 437.06 billion yuan, with a recovery rate of approximately 78% compared to 2019 [19][22]. Important News and Company Announcements - The establishment of the first micro-short drama export base in Shanghai marks a significant development in the media industry [27]. - Tencent's Magic Cube Studio celebrated its 15th anniversary, announcing major updates for several IP titles, indicating ongoing innovation in the gaming sector [28].

Report Summary 1. Report Industry Investment Rating No relevant information provided. 2. Core Viewpoints On December 5, the liquidity slightly tightened; the bond market fluctuated and recovered; the main indices of the convertible bond market collectively rose, and most convertible bond issues increased in price; yields on U.S. Treasuries across all maturities generally increased, and yields on 10-year government bonds of major European economies generally rose [1]. 3. Summary by Directory 3.1 Bond Market News - **Domestic News**: On the evening of December 5, Chinese and U.S. economic and trade leaders held a video call, discussing the implementation of previous consensuses and promoting stable and positive development of Sino-U.S. economic and trade relations [3]; on December 6, China Securities Regulatory Commission Chairman Wu Qing emphasized accelerating the creation of first-class investment banks and institutions to boost high-quality development of the capital market [4]; on December 5, the CSRC solicited public opinions on the "Regulations on the Supervision and Administration of Listed Companies"; the "Administrative Measures for Financial Leasing Business of Financial Leasing Companies" will be implemented from January 1, 2026; the central bank renewed a bilateral currency swap agreement with the Macao Monetary Authority, expanding the scale to 50 billion yuan/57 billion Macao patacas [5][6]. - **International News**: U.S. economic data for September showed inflation and personal income increases, but actual personal consumption expenditures remained stagnant; the preliminary December consumer confidence index rose, and short-term inflation expectations dropped to the lowest level since January; key European economies' 10-year government bond yields generally increased [7][8][30]. - **Commodities**: On December 5, international crude oil futures prices continued to rise, with WTI January crude futures up 0.69% to $60.08 per barrel and Brent February crude futures up 0.77% to $63.75 per barrel; COMEX February gold futures closed flat at $4,243 per ounce; NYMEX natural gas prices rose 5.25% to $5.337 per ounce [9][10]. 3.2 Liquidity - **Open Market Operations**: On December 5, the central bank conducted 139.8 billion yuan of 7-day reverse repurchase operations at an interest rate of 1.40%, with 303.1 billion yuan of reverse repurchases maturing, resulting in a net withdrawal of 161.5 billion yuan [12]. - **Funding Rates**: On December 5, the liquidity slightly tightened but remained generally loose. DR001 rose 0.06bp to 1.300%, and DR007 rose 0.04bp to 1.438% [13]. 3.3 Bond Market Dynamics - **Interest Rate Bonds**: On December 5, affected by rumors of the Politburo's mention of "dual cuts," the bond market fluctuated and recovered. Yields on 10-year government bonds and 10-year China Development Bank bonds decreased [16]. - **Credit Bonds**: On December 5, the trading prices of two industrial bonds deviated by over 10%; several companies, including Zhengyuan Real Estate and Fosun Group, faced regulatory actions due to information disclosure violations; many companies, such as Vanke and Longfor Group, announced bond-related events [18][19][22]. - **Convertible Bonds**: On December 5, the A-share market rose, and the convertible bond market followed suit. The main convertible bond indices increased, and most individual convertible bonds rose. Several companies, including Aowei Electronics, announced convertible bond-related events [21][23][27]. - **Overseas Bond Markets**: On December 5, yields on U.S. Treasuries across all maturities generally increased, and yields on 10-year government bonds of major European economies generally rose; the daily price changes of Chinese dollar bonds are provided [26][30][32].

12月，一批关乎新能源汽车安全监测、远程服务管理及汽车转向系统的国家标准正式实施或发布；多家车企密集公布11月销量数据，市场竞争格局清晰呈 现；工信部鼓励优势企业"走出去"、汽车维修行业信用评价工作启动等热点事件接连发生。 《新能源汽车运行安全性能动态监测预警技术要求》《电动汽车远程服务与管理系统技术规范 第1部分：总则》、《电动汽车远程服务与管理系统技术规范 第4部分：一致性测试》实施 12月1日，《新能源汽车运行安全性能动态监测预警技术要求》（GB/T 45688—2025）及《电动汽车远程服务与管理系统技术规范 第1部分：总则》（GB/T 32960.1—2025）《电动汽车远程服务与管理系统技术规范 第4部分：一致性测试》（GB/T 32960.4—2025）推荐性国家标准，开始实行。 GB/T 45688—2025规定新能源汽车运行安全性能的动态监测和动态预警技术要求。标准的实施，有助于进一步规范安全监测平台的数据监测，助力构建新 能源汽车安全管理新模式。 GB/T 32960.1—2025推荐性国家标准，规定电动汽车远程服务与管理系统的系统架构和一般要求。 《电动汽车远程服务与管理系统技术规范 第 ...

具体来看： 大型科技股多数呈现下跌行情但总体跌幅较小，腾讯、京东、网易、小米、京东跌幅在1%以内，阿里巴巴、快手、携程控股跌超 1%，百度逆市大涨3.45%。 | 代码 | 名称 | 最新价 | 涨跌额 | 涨跌幅 √ | | --- | --- | --- | --- | --- | | 09888 | 百度集团-SW.) | 125.800 | +4.200 | 3.45% | | 03690 | 美团-W | 99.500 | +0.450 | 0.45% | | 09626 | 時陣時陣-W | 203.600 | -0.200 | -0.10% | | 02015 | 理想汽车-W | 69.650 | -0.250 | -0.36% | | 01810 | 小米集团-W | 42.580 | -0.200 | -0.47% | | 099999 | 网易-5 | 216.800 | -1.200 | -0.55% | | 09618 | 京东集团-SW | 116.200 | -0.800 | -0.68% | | 00700 | 腾讯控股 | 605.000 | -5.000 | -0.82% ...

文|海山来源|博望财经 理想汽车正面临自成立以来最严峻的考验。 近日，理想汽车（02015.hk）发布了三季度财报，公司营收273.65亿元，同比跌36%；净亏 损6.24亿元，连续11个季度的盈利纪录被终结。令人担忧的是，公司预计第四季度交付量将 将继续走低，同比下降37%至30.7%。 在财报电话会上，公司CEO李想称，"我们经历了产品周期、公共关系舆论、供应链加速和 政策变化带来的各种挑战。这些因素也影响了我们的交付和运营。"同时他宣布将全面回归 创业公司模式。 作为中国造车新势力中一直被视为"优等生"的理想汽车，究竟遭遇了何种困境？其未来的发 展走向又将如何？值得关注。 遭遇销量、收入双降 11月26日，理想汽车公布三季报，在连续11个季度盈利后，再度出现亏损。财报显示，第三 季度，理想汽车营收273.65亿元，同比下滑36.2%；利润表现则有些惨淡，由去年同期的 28.21亿元变为净亏损6.24亿元。 01 | | | 截至以下日期止三個月 | | 百分比變動。 | | | --- | --- | --- | --- | --- | --- | | | 2024 年 | 2025 年 | 2025 ...

【内容摘要】12月5日，资金面略有收敛；债市震荡回暖；转债市场主要指数集体跟涨，转债个券多数上涨；各期限美债收益率普遍上行，主要欧洲经济体 10年期国债收益率普遍上行。 一、债市要闻 （一）国内要闻 【何立峰与美国财政部长贝森特、贸易代表格里尔举行视频通话】据新华社，12月5日晚，中美经贸中方牵头人、国务院副总理何立峰与美方牵头人、美国 财政部长贝森特和贸易代表格里尔举行视频通话，双方围绕落实好中美两国元首釜山会晤和11月24日通话重要共识，就下一步开展务实合作和妥善解决经贸 领域彼此关切，进行了深入、建设性的交流。双方积极评价中美吉隆坡经贸磋商成果执行情况，表示要在两国元首战略引领下，继续发挥好中美经贸磋商机 制作用，不断拉长合作清单、压缩问题清单，推动中美经贸关系持续稳定向好。 【吴清：加快打造一流投资银行和投资机构，更好助推资本市场高质量发展】12月6日，中国证券业协会第八次会员大会在北京举行，证监会主席吴清发表 题为《加快打造一流投资银行和投资机构 更好助推资本市场高质量发展》的致辞。吴清指出，A股实现了量的合理增长和质的有效提升；要发挥好首席经济 学家和行业机构分析研究专长，讲好中国股市叙事；适度拓 ...

当下AI眼镜并不想取代手机，而是靠智能"干掉"传统眼镜。 就在刚刚过去的两个月，中国市场已经上市了20款AI眼镜。其中，既有大厂如百度、联想、夸克（阿里），也有创业公司如Rokid和影目科技，还有传统 眼镜商BOLON和李白（慧明眼镜）。 如果说，这些背景迥异的AI眼镜有什么共同点，那就是找到了目标用户：日常戴眼镜的那批人。或者说，AI眼镜找到了产品支点：先做一副好眼镜。 在这些眼镜的上市消息中，不少人都曾经在采访中提到一个美好的画卷：现在全球的手机用户是5亿，而全球戴眼镜的人有20亿。 近视人士买AI眼镜的决策过程确实更简单：不少人配镜已经往大几百甚至千元的价位靠拢，多加一部分钱，让自己的眼镜也变成智能硬件。 逻辑非常合理，这个市场太大了！ "未来，人人都需要一副AI眼镜。"阿里集团副总裁、智能信息事业群总裁吴嘉在夸克眼镜发布会上表示。 夸克在上个月底，刚刚发布了自己的AI眼镜。这一轮"百镜大战"，其实去年下半年已经开始白热化。入局者也远不止传统手机厂商，目前看来，主要有五 类参与者： 第一是手机厂，比如华为、小米、魅族； 第二是互联网巨头，阿里、字节、百度等； 第三则是以前就在做AR眼镜的"老将"，比如R ...

Core Viewpoint - The release of Li Auto's first AI smart glasses, Livis, on December 3, 2025, marks a significant development in the AI glasses industry, which is seeing participation from internet giants, smartphone manufacturers, and AR startups, indicating a shift towards consumer acceptance and market penetration [1] Industry Summary - The AI glasses industry is experiencing diverse participation from various players, including internet giants, smartphone manufacturers, and AR startups, leading to a wide range of product offerings [1] - The release of Livis contributes to the establishment of a more comprehensive ecosystem for the Li Auto brand, enhancing its market presence and competitive edge [1] - Technological advancements are driving market demand, positioning the smart glasses industry for significant growth and development [1]