经纬度集团总裁刘双介绍，本届齐鲁车展，长安汽车参展面积1800平，长安汽车旗下深蓝、启源、长安引力、阿维塔等品牌亮相，室外长安凯程400平展位 参展，5号馆阿维塔更是携400㎡豪华展具震撼亮相，带来新一代长安UNI-V、长安启源Q7，深蓝大七座S09，阿维塔07、07、12等多款新车，参展车型涵盖 增程、新能源、混动、燃油、房车、厢型车等全品类产品，从入门级到高端车型全面覆盖，精准满足不同家庭、不同场景的用车需求。 通过观众投票、齐鲁晚报·齐鲁壹点大数据监测、现场消费调查、齐鲁车展组委会推荐等多个渠道，本届齐鲁车展评选出年度荣耀品牌奖、最佳合作伙伴 奖、展台奖、车型奖等多项大奖，并在车展现场颁发。 年度荣耀品牌 长安汽车、长城汽车、智己汽车 齐鲁晚报·齐鲁壹点 朱洪蕾 张雪 鹿青松 于泊升 管悦 9月4日-8日，2025齐鲁秋季车展暨第五十二届齐鲁汽车展览交易会在山东国际会展中心举行。 刘双表示，今年7月份，长安汽车集团正式成为新央企，在本届车展上，工作人员可以自豪称"中国长安"，所有参展人员都身穿"中国长安"T恤，每个员工精 神状态饱满。作为长安汽车在山东区域的重要战略合作伙伴，经纬度集团一如既往高度重视本 ...

内容概要：车规级SoC芯片是汽车智能化的核心，涵盖智能座舱与自动驾驶两大领域，正随汽车电子架 构升级成为替代传统ECU的关键。智能座舱市场高速增长，2021-2024年全球规模翻倍至706.3亿美元， 中国增速超31%，2024年座舱域控搭载率升至29.37%，下沉市场潜力凸显；智能驾驶加速向L3级渗 透，预计2025年渗透率显著提升，L4级2027年达4.4%。技术路径上，座舱SoC追求大算力与用户体验， 自动驾驶SoC按算力分级覆盖不同车型，大算力芯片支持高阶功能，中、小算力芯片主攻中端及下沉市 场。企业布局分化：新势力车企（如特斯拉、蔚来）自研芯片掌握技术主导权，传统车企（如吉利、北 汽）通过合资合作快速切入；市场格局方面，智能座舱芯片外资仍占主导，但国产厂商市占率从不足 3%跃升至10%；自动驾驶芯片市场海外主导地位松动，2024年英伟达装机率升至39.8%，国产芯片（华 为、地平线）加速替代。未来，随着舱驾一体架构普及、国产化率突破70%，中国车规级SoC行业将形 成技术降本与场景下沉的良性循环，支撑千亿级市场扩张。 相关企业：高通（中国）控股有限公司、英伟达半导体科技（上海）有限公司、超威半导体（ ...

Core Viewpoint - The electric vehicle market is experiencing significant changes, with traditional and new players facing varying degrees of success and challenges, leading to a reshaping of market dynamics and competition. Group 1: Sales Performance - In December last year, Li Auto achieved a remarkable sales figure of 58,000 units, but by August 2025, its sales plummeted to 28,529 units, placing it at the bottom of the "Wei Xiaoli" rankings [1] - In August, 14 major automakers reported sales, with a median sales figure of 40,486 units, reflecting a year-on-year increase of 4,717 units, although there was a month-on-month decline [2] - BYD maintained its dominance with sales of 371,500 units in August, significantly outpacing competitors [2][23] Group 2: Market Segmentation - The market is divided into three tiers: BYD leads as a standalone leader, followed by traditional automakers like Geely, SAIC, Changan, and Chery in the second tier, while new forces and weaker performers fall into the third tier [2][4] - The number of brands achieving monthly sales over 10,000 has increased, with notable performances from Geely's Galaxy, Leap Motor, and NIO [6] Group 3: Brand Dynamics - Geely's Galaxy brand has become a strong contender, achieving over 100,000 units in monthly sales for three consecutive months [6] - NIO's sales surged to 16,434 units in August, marking a significant recovery [21] - Li Auto's new model, the i8, faced challenges due to safety concerns, leading to a price adjustment shortly after its launch [13][22] Group 4: Competitive Landscape - The competitive landscape is shifting, with previously strong players like Li Auto and Aion facing declines, while brands like NIO, Xpeng, and Leap Motor are gaining traction [11][32] - BYD's sales growth is slowing, and it faces increasing pressure from competitors in the second tier [4][25] Group 5: International Expansion - Companies are increasingly focusing on international markets, with BYD exporting vehicles to Europe and establishing assembly plants in Malaysia [16][17] - Chery has emerged as a leader in overseas sales, delivering 129,400 units in August [17] Group 6: Future Outlook - The market is expected to continue evolving, with companies like Li Auto aiming to regain momentum through new model launches and strategic adjustments [22][32] - The overall market dynamics indicate that no company can claim stability, as competition remains fierce and unpredictable [32]

51股本周获得5家及以上机构重点关注 从最新机构评级来看，医药生物、科技行业个股持续获机构看好。 据证券时报·数据宝统计，截至周五收盘，本周（9月1日至9月5日），59家机构合计进行1678次"买入型"（包括买入、增 持、推荐、强烈推荐、强烈买入）评级，合计覆盖929只个股。 从行业分布来看，医药生物、电子、电力设备等6个行业股票数量均超过50只；其中，医药生物行业达94只，电子行业个股 有80余只。 今年以来，医药行业重磅政策频出，创新药研发成果、商业化持续落地。东方证券表示，从今年上半年数据来看，随着国 产创新产品进入商业化周期并叠加出海潜力释放，创新药及产业链业绩表现突出。考虑到医药行业已经由"中国制造"转 向"中国创造"，创新带来的出海浪潮刚刚起步，未来若干个季度行业成长较为确定，再叠加"低仓位+估值底"，该机构认为 当前依然是配置医药行业的极佳时间点。 本周有51只个股获得5家及以上机构重点关注，关注机构家数居前的个股以大盘股为主。美的集团、长城汽车位居前两名， 分别有14家、12家机构给予"买入型"评级；另外，比亚迪、海尔智家、长江电力、泸州老窖均获得10家及以上机构给予"买 入型"评级。 美的集 ...

维持A/H 股"增持"评级：我们维持2025E/2026E/2027E 归母净利润预测分别为人民币155 亿元/178 亿 元/196 亿元，维持A/H 股"增持"评级。 风险提示：新车型上市与销量爬坡不及预期；出海不及预期；市场/金融风险。 高端化战略成效显著，技术+品类创新驱动品牌持续向上：1H25 公司汽车销量同比+1.8%至57.0 万辆， 新能源汽车销量同比+21.2%至16.0 万辆（渗透率同比+4.5pcts 至28.2%）。我们判断，公司高端化战略 持续推进，产品结构有望不断优化：1）坦克品牌：坚持"越野+新能源"技术路线，全动力+全车型+全 场景覆盖持续拓展用户群体，8 月上市的全新坦克500 搭载高阶智驾及豪华配置，实现品牌破圈，上市 后订单表现强劲。2）魏牌：聚焦高端智能新能源家庭用车市场，以"高山+蓝山"构成的"大六/七座双旗 舰"产品矩阵发力，6 月交付量破万台；5 月公司发布下一代全动力智能超级平台，兼容插混、纯电等五 大动力形式，搭载800V 混联架构/6C 超充技术+ASL 整车智能体/VLA 大模型，或凭借技术创新打造差 异化优势。3）长城皮卡：持续巩固市场领导地位，7 月国 ...

Core Insights - Despite intense competition and ongoing price wars, the overall automotive industry in China shows resilience, with 12 out of 17 listed passenger car companies reporting revenue growth in the first half of the year [1] - Among these companies, only BYD and Leap Motor achieved both revenue and profit growth, while many traditional automakers faced the challenge of increasing revenue without corresponding profit growth [1][2] - The report highlights a trend of "increased revenue but decreased profit" among traditional automakers, with seven companies reporting losses [1][3] Revenue and Profit Performance - BYD led the industry with a revenue of 371.28 billion yuan, a year-on-year increase of 23.3%, and a net profit of 15.51 billion yuan, up 13.79% [2] - SAIC Motor, Geely, and Great Wall Motors ranked second to fourth in revenue but experienced profit declines, with SAIC's revenue at 299.59 billion yuan (up 5.2%) and net profit down 9.21% to 6.018 billion yuan [3][4] - Geely reported a revenue of 150.3 billion yuan (up 27%) but a net profit decrease of 14% to 9.29 billion yuan, primarily due to non-recurring gains in the previous year [4] - Great Wall Motors achieved a revenue of 92.335 billion yuan (up 0.99%) but saw a net profit decline of 10.21% to 6.337 billion yuan [4] New Energy Vehicle Companies - New energy vehicle companies showed improved profitability, with Leap Motor achieving revenue of 24.25 billion yuan (up 174%) and a net profit of 30 million yuan, marking its first half-year profit [7] - Li Auto reported a revenue of 56.2 billion yuan (down 2%) but a net profit increase of 3% to 1.744 billion yuan, maintaining a high gross margin of 20.3% [7][8] - Seres, despite a slight revenue decline to 62.402 billion yuan (down 4.06%), saw its net profit nearly double to 2.941 billion yuan, with a gross margin of 28.93% [8] Market Trends and Future Outlook - Traditional automakers are facing challenges in maintaining profitability amid rising costs and increased competition, leading to a focus on improving operational efficiency and cost management [5][6] - The report indicates that several companies are investing in new models and marketing strategies to enhance brand visibility and sales performance [5] - The automotive industry is also witnessing a trend of shortening payment cycles, with some companies committing to reduce supplier payment terms to no more than 60 days, which is expected to alleviate cash flow pressures for component suppliers [10][11]

9月5日讯，中国汽车技术研究中心有限公司（以下简称"中汽中心"）党委书记、董事长安铁成一行到访 长城汽车，与魏建军董事长等高层进行深度交流，期间双方签署了深化战略合作协议。魏建军对安铁成 一行的来访表示欢迎，并对中汽中心长期以来的支持表示感谢。他指出长城汽车始终坚持长期主义，不 断强化科技创新和产品品质把控，希望未来双方围绕标准、政策、技术、国际化等方面进一步加强沟通 交流合作，助力长城汽车产品与技术不断提升。此次深化协议的签署，标志着双方合作进入崭新阶段。 未来，中汽中心与长城汽车将携手共进，为助推中国汽车产业高质量发展注入新动能。 （原标题：长城汽车与中汽中心再度深化战略合作） ...

长江商报消息 长城汽车（601633.SH、02333.HK）单月销量再创新高，海外发展也有了新突破。 9月2日，长城汽车发布2025年8月销量数据。公司8月销售新车11.56万辆，同比增长22.33%，创历史最 佳8月销量表现；海外销售4.52万辆，同比增长11.65%，再创历史新高。 2025年前8月，长城汽车销售新车78.97万辆，同比增长5.94%。 同时，长城汽车继续加速全球化进程，北京时间8月16日凌晨，公司巴西工厂正式竣工投产。 目前，基于研、产、供、销、服全面出海的"生态出海"模式，长城汽车逐步形成海外体系，并加速推进 高价值车型出海，现拥有全球用户超1500万，海外销售渠道超1400家，海外总销量突破200万辆。 8月销量创历史同期新高 长城汽车是中国最大的SUV和皮卡制造企业之一，旗下拥有哈弗、魏牌、坦克、长城皮卡、欧拉、长城 灵魂、长城商用车等品牌，包括传统动力车型和插电式混动、纯电动等新能源车型。 9月2日，长城汽车发布2025年8月销量数据，公司8月销售新车11.56万辆，同比增长22.33%，创历史最 佳8月销量表现；新能源车型销售3.75万辆，同比增长50.92%；20万元以上车 ...

Group 1: Overall Performance of Listed Companies - The total operating revenue of listed companies in Shanghai and Shenzhen reached 34.92 trillion yuan, with a net profit of 2.99 trillion yuan for the first half of 2025 [1] - Shenzhen companies achieved a total operating revenue of 10.24 trillion yuan, a year-on-year increase of 3.64%, and a net profit of 595.46 billion yuan, up 8.88% [1] - Shanghai companies reported operating revenue of 24.68 trillion yuan, a slight decrease of 1.3%, with a net profit of 2.39 trillion yuan, an increase of 1.1% [1] Group 2: Sector Performance - Emerging industries such as semiconductors, electronics, pharmaceuticals, and new energy are rapidly rising, while traditional industries like steel and machinery are seeking transformation [2] - The electronics sector in Shenzhen saw 253 companies generate 984.76 billion yuan in revenue, a 14.1% increase, and a net profit of 454.57 billion yuan, up 24.59% [3] - The computer industry in Shenzhen reported 501.25 billion yuan in revenue, a 13.74% increase, and a net profit of 122.85 billion yuan, up 26% [5] Group 3: R&D Investment - Shenzhen companies invested a total of 352.97 billion yuan in R&D, with significant contributions from companies like BYD and ZTE [9] - The R&D investment in strategic emerging industries in Shenzhen reached 92.46 billion yuan, a year-on-year increase of 22.36% [9] - Shanghai's R&D investment also hit a record high of 432.6 billion yuan, growing by 1% [9] Group 4: International Expansion - Over 830 manufacturing companies in Shanghai achieved overseas revenue of 1.1 trillion yuan, a 5% increase [11] - Shenzhen's strategic emerging industries reported overseas income of 434.66 billion yuan, a 23.59% increase, with a 29.22% share of total revenue [11] - Companies are diversifying their overseas markets, with significant growth in exports from firms like Huayou Cobalt and Quectel [12] Group 5: Dividend and Shareholder Returns - A total of 794 listed companies in Shanghai and Shenzhen announced mid-term dividends amounting to 643.81 billion yuan [12] - Shenzhen companies saw an 18.04% increase in the number of mid-term dividends declared, with a 49.51% increase in dividend amounts [12] - Companies are also increasing share buybacks, with Shenzhen firms announcing 230 buyback plans totaling 68.21 billion yuan [13]

关注 「电动车公社」 和我们一起重新思考汽车 经过这么多年的内卷，大家应该已经发现车企们的"套路"了。 空间百变，虽短但强 它最大的特点，就是 相比车长5.28米的高山8和5.41米的高山9， 选择了一个不那么夸张的车长和轴距。 再配上四驱、足够的辅助驾驶能力、舒享的配置， 比起商务MPV来说会更适合家庭使用。 那么，魏牌高山7究竟体验如何？又能否在一票爆款MPV中脱颖而出？ 关注电动车公社 视频号 更多精彩视频不错过 戳开看视频 无非是先推出一项或几项看起来就特别炸裂的黑科技，然后以技术普惠为契机，从旗舰到入门车型全副武装，最后开始拼配置、拼价格。 而今年竞争最激烈的市场主要有三部分。一是大三排SUV，从纯电卷到插混/增程；二是方盒子SUV，从硬派越野卷到城市家用；三是MPV，技术越来越强， 功能越来越全，乘坐也越来越舒服。 前段 时间，魏牌高山7亮相成都车展，将会在9月10号开启预售。 点击一下不错过更多深度内容 ...