Core Insights - Li Auto (LI) opened with a 2.95% increase on August 15, reaching $24.45 per share, with a total market capitalization of $26.172 billion [1] - As of March 31, 2025, Li Auto reported total revenue of 25.927 billion RMB, reflecting a year-on-year growth of 1.14%, and a net profit attributable to shareholders of 650 million RMB, which is a 9.75% increase year-on-year [1] Company Overview - Li Auto is a leader in the Chinese electric vehicle market, focusing on the design, research, manufacturing, and sales of luxury smart electric vehicles [2] - The company's mission is to "create a mobile home, create a happy home," emphasizing innovation in products, technology, and business models to provide safe, convenient, and comfortable services for family users [2] - Li Auto is recognized as a pioneer in commercializing range-extended electric vehicles while also developing a pure electric platform [2] - The company began mass production in November 2019, with current models including the Li MEGA, Li L9, Li L8, Li L7, and Li L6, all aimed at expanding its product line and user base [2] Upcoming Events - Li Auto is scheduled to disclose its fiscal year 2025 mid-term report on August 27, with the actual disclosure date subject to company announcements [2]

Core Insights - The CEO of Li Auto, Li Xiang, explained the "low start, high rise" phenomenon of the new vehicle series, attributing it to the company's unique understanding of user needs and the "Think Different" philosophy [2] Group 1: Low Start - Li Auto's new models, from the Li ONE to the latest i8, have faced market skepticism upon release, which Li attributes to the brand's differentiated solutions [2] - The initial controversy surrounding new models is a result of the company's distinct approach to understanding user demands [2] Group 2: High Rise - Positive word-of-mouth has been a key driver for sales growth, as seen with the Li L9, which gained high Net Promoter Score (NPS) due to its space optimization and comfort [2] - Li emphasized that products effectively addressing user pain points lead to better experiences and, consequently, improved reputation [2] - For the i8, Li encouraged users to experience the vehicle deeply before forming opinions [2]

Core Viewpoint - Li Auto-W (02015.HK) is scheduled to hold a board meeting on August 28, 2025, to consider and approve its unaudited financial results for the three months ending June 30, 2025, and the six-month interim results for the same period [1] Financial Performance - The company will release its unaudited financial performance for the three months ending June 30, 2025, during the board meeting [1] - The interim results for the six months ending June 30, 2025, will also be discussed and released [1] Conference Call - A performance conference call will be held by the management at 8:00 AM Eastern Time on August 28, 2025, which corresponds to 8:00 PM on the same day in Beijing/Hong Kong [1]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部份內容而產生或因倚 賴該等內容而引致的任何損失承擔任何責任。 理想汽車（「本公司」，連同其附屬公司及併表聯屬實體，統稱「本集團」）董事會 （「董事會」）茲通告謹定於2025年8月28日（星期四）舉行董事會會議，以（其中包 括）考慮及通過(i)本集團截至2025年6月30日止三個月的未經審計財務業績及其發 佈，以及(ii)本集團截至2025年6月30日止六個月的未經審計中期業績及其發佈。 本公司的管理層將於美國東部時間2025年8月28日（星期四）上午8:00時正（即北 京╱香港時間同日的下午8:00時正）舉行業績電話會議。 有意參加電話會議的參與者請在會議計劃開始時間前使用下文提供的鏈接完成在 線登記。於登記後，參與者將收到電話會議進入信息，包括撥號、會議密碼及獨 有登記編號。要加入會議，請撥打提供的號碼，輸入密碼和您的登記編號，您將 立即加入會議。 參與者在綫登記：https://s1.c-conf.com/diamondpass/10048990-4d8gt5 ...

Core Viewpoint - Li Auto Inc. is set to report its unaudited financial results for Q2 2025 on August 28, 2025, before the U.S. market opens, indicating the company's ongoing commitment to transparency and investor communication [1]. Company Overview - Li Auto Inc. is a leader in China's new energy vehicle market, focusing on the design, development, manufacturing, and sale of premium smart electric vehicles [4]. - The company's mission is to create a mobile home and happiness, emphasizing innovation in product, technology, and business models to provide safe, convenient, and comfortable products and services [4]. - Li Auto is recognized for successfully commercializing extended-range electric vehicles in China while also developing battery electric vehicle platforms [4]. - The company began volume production in November 2019 and currently offers a high-tech flagship family MPV, four Li L series extended-range electric SUVs, and one Li i series battery electric SUV, with plans to expand its product lineup [4].

Investment Rating - The report maintains a "Buy" recommendation for the automotive industry [2] Core Insights - Global light vehicle sales in June reached approximately 7.39 million units, a year-on-year increase of 2.1%, while overseas sales totaled about 4.67 million units, reflecting a year-on-year decline of 3.5% [2] - The report anticipates that overseas light vehicle sales will be approximately 54.98 million units in 2025, representing a year-on-year decrease of 0.2% [5] - The report highlights a significant decline in overseas vehicle sales, particularly in North America and Europe, while China shows a positive growth trend [5] Summary by Sections 1. Industry: Sales, Exchange Rates, Freight - Global light vehicle sales in June were approximately 7.39 million units, with overseas sales at about 4.67 million units, down 3.5% year-on-year [2] - In June, North America sold 1.55 million units (down 4.5% year-on-year), Europe sold about 1.57 million units (down 7.7% year-on-year), and China sold 2.72 million units (up 13% year-on-year) [5] - The report projects that overseas light vehicle sales will decline by 0.2% in 2025, with North America expected to see a 1.5% decrease and Europe a 2.3% decrease [5] 2. Market Competition - The report discusses the competitive landscape, noting that major automakers are facing challenges due to geopolitical tensions and economic uncertainties [5] - It highlights the performance of leading companies in the global market, with a focus on their sales shares and competitive strategies [5] 3. Automotive and Parts Company Export Situation - The report provides insights into the export performance of domestic automotive manufacturers, indicating a growing trend in exports [5] - It lists companies with significant overseas revenue contributions, emphasizing their market positions and growth potential [5]

算力产业链领跌，GPU、CPO方向回调明显；人工智能走弱。光刻机、脑机接口题材活跃。 （持续更新中……） 09:25 A股开盘｜三大股指集体低开 算力产业链领跌 三大股指集体低开，沪指跌0.18%，深成指跌0.28%，创业板指跌0.2%。算力产业链领跌，GPU、CPO方向回调明显；人工智能走弱。光刻机、脑机接口 题材活跃。 | 板块名称 | 涨幅 | 主力金额 | 板块名称 | 涨幅 | 主力金额 | | --- | --- | --- | --- | --- | --- | | 芬太尼 | +0.59% | -244.9万 | 关装重组概念 | -1.50% | +579.4万 | | 科创次新股 | +0.58% | +1018/כ | 多元金融 | -1.03% | -1670/- | | 超级电容 | +0.57% | -441.2 - | 贵金属 | -0.99% | -912.2 / | | 高压氧舱 | +0.54% | +1118万 | 工程机械 | -0.74% | +1566万 | | 油气开采及服务 | +0.47% | +286.4/7 | F5G概念 | -0.67% | -3353 ...

全球首个人形机器人运动会在北京开幕 8 月 14 日晚，全球首个人形机器人运动会在北京国家速滑馆「冰丝带」正式启幕，带来了超模搭档走秀、赛博乐队表演等「机器人秀」。 本场运动会涵盖 26 个赛项、487 场比赛，包括田径、足球、自由搏击、全体舞蹈等，已吸引 16 个国家 280 支队伍、500 余台机器人参赛。 比赛安排在 8 月 15 日—17 日，共 3 天时间。所有赛项都安排在国家速滑馆，每天上、下午两个竞赛单元，每个单元 3 个小时左右。每个竞赛单元设置 2~3 次颁奖仪式，保证不同场次、不同位置的观众都能观赏到精彩赛事。（来源：IT 之家） 曝苹果将推出桌面机器人产品，库克暗示：「很快推出」 科技爆料人马克·古尔曼周三表示，苹果准备推出多款机器人产品。 计划推出的众多机器人产品中，包括一款桌面机器人，这款桌面机器人是苹果人工智能战略中的核心，计划于 2027 年上市。这款桌面机器人将作为用户 的虚拟伙伴，配备逼真的 Siri，具备与用户全天候互动的能力。 这款桌面机器人类似于安装在可移动肢体上的 iPad 平板电脑，设备原型使用 7 英寸左右的显示屏，可以旋转，并像人头一样转向召唤它的人，这款桌面 ...

Group 1 - Nokia has filed a patent infringement lawsuit against Geely Group and its brands, including Zeekr and Lynk & Co, affecting 32 subsidiaries in 18 European countries [4][5] - Geely's European expansion plans may be hindered, with a projected export volume of 414,500 vehicles in 2024, a 57% year-on-year increase, heavily reliant on the European market [4][5] - The lawsuit targets essential patents in the cellular communication field, which could lead to a complete sales ban of Geely's vehicles in key European markets if infringement is confirmed [4][5] Group 2 - Li Auto's CEO, Li Xiang, claims that the Li i8 has no real competitors in its market segment, positioning it in a "blue ocean" where demand exists but has not been met [7][8] - The company has successfully identified and addressed unmet deep-seated consumer needs, leading to the i8's favorable market response [7][8] - Li Auto is restructuring its sales and service system, eliminating the previous five regional divisions to enhance direct management and address sales pressures [17][18] Group 3 - Tencent reported sufficient chips for AI training and plans to reduce reliance on existing GPU resources, with a significant increase in capital expenditure for AI-related business [10] - The company aims to improve AI product efficiency and performance through better understanding of user needs and habits [10] - Tencent's capital expenditure for Q2 2025 reached 19.1 billion yuan, a 119% year-on-year increase [10] Group 4 - SAIC-GM-Wuling and Huawei are reportedly upgrading their collaboration, with plans for the Baojun brand to adopt the Hi model [11] - The partnership aims to enhance the market presence of both companies in the competitive automotive sector [11] Group 5 - JD Group reported a revenue of 356.7 billion yuan (approximately 49.8 billion USD) for Q2 2025, marking a 22.4% year-on-year growth, the highest in three years [23][24] - The company's core retail business continues to accelerate, with significant growth in active user numbers and shopping frequency [23][24] - JD's new business segments, including food delivery, have also seen substantial revenue increases, with a 199% year-on-year growth [24] Group 6 - ZEEKR Technology reported a total revenue of 27.4 billion yuan for Q2 2025, with a gross margin of 20.6%, the highest in its history [39] - The company delivered 244,877 vehicles in the first half of 2025, a 14.5% year-on-year increase, indicating strong market demand [39]

| 股票名称 | 沽空金额↓ | 沽空比率 | 偏离值 | | --- | --- | --- | --- | | 腾讯控股(00700) | 31.37 亿元 | 14.52% | -1.05% | | 阿里巴巴-SW(09988) | 14.75 亿元 | 14.30% | -2.44% | | 中国平安(02318) | 13.96 亿元 | 27.48% | 1.35% | | 美团-W(03690) | 12.28 亿元 | 21.97% | -0.82% | | 小米集团-W(01810) | 9.21 亿元 | 15.91% | -0.60% | | 网易-S(09999) | 7.97 亿元 | 47.47% | 22.08% | | 中国人寿(02628) | 6.81 亿元 | 15.06% | -4.52% | | 联想集团(00992) | 6.81 亿元 | 24.95% | 0.98% | | 比亚迪股份(01211) | 5.26 亿元 | 13.47% | -19.05% | | 理想汽车-W(02015) | 4.95 亿元 | 24.08% | -2.90% | 前十大沽空 ...