中国经济网北京12月24日讯 赛力斯（港股代码09927.HK）港股收报104.70港元，跌幅1.133%， 赛力斯盘中股价最低至104.50港元，创港股上市以来新低。赛力斯港股上市累计跌幅20.38%。 赛力斯的基石投资者为重庆产业母基金、林园基金及华泰资本投资（与华泰背对背总回报掉期及林 园总回报掉期有关）、广发基金管理有限公司及广发国际资产管理有限公司（统称为"广发基金"）、 New China Asset Management、BESS Broadway、Sanhua (Hong Kong)、中升、Zhink International、Gold Wings、达安投资、Hichain Logistics HK、施罗德、Mirae Securities、New Alternative、中邮理财、Skyler International、星宇香港、中国美东、Ghisallo Fund、Jump Trading、 Jain Global Master Fund Ltd、China Alpha Fund。 其中，New China Asset Management由新华人寿保险股份有限公司（简称"新华保险"， ...

Core Viewpoint - The passenger car sector experienced a slight decline of 0.18% on December 24, with Haima Automobile leading the drop, while the overall stock market indices showed positive movements, with the Shanghai Composite Index rising by 0.53% and the Shenzhen Component Index increasing by 0.88% [1] Group 1: Market Performance - The Shanghai Composite Index closed at 3940.95, up 0.53% [1] - The Shenzhen Component Index closed at 13486.42, up 0.88% [1] - The passenger car sector saw a net outflow of 7.87 billion yuan from main funds, while retail investors contributed a net inflow of 6.13 billion yuan [1] Group 2: Individual Stock Performance - Changan Automobile (000625) closed at 11.93, with a slight increase of 0.51% and a trading volume of 639,000 shares, amounting to 760 million yuan [1] - GAC Group (601238) closed at 8.21, up 0.37%, with a trading volume of 240,800 shares, totaling 198 million yuan [1] - BYD (002594) closed at 94.42, down 0.41%, with a trading volume of 192,800 shares, amounting to 1.819 billion yuan [1] - Haima Automobile (000572) led the decline with a drop of 1.97%, closing at 8.98, with a trading volume of 2.7857 million shares, totaling 2.514 billion yuan [1] Group 3: Fund Flow Analysis - GAC Group saw a main fund net outflow of 2.9128 million yuan, with retail investors contributing a net inflow of 996.65 million yuan [2] - Great Wall Motors (601633) experienced a main fund net outflow of 14.755 million yuan, while retail investors had a net inflow of 1.91547 million yuan [2] - BYD faced a significant main fund net outflow of 199 million yuan, but retail investors contributed a net inflow of 82.7275 million yuan [2]

Group 1 - The core viewpoint emphasizes that listed companies in China are not only the main force behind data growth but also serve as a stabilizing factor in the industry ecosystem, focusing on long-term value and comprehensive governance [2] - In 2025, the capital market aims for steady progress and quality improvement amidst multiple risks, enhancing market resilience and risk resistance, leading to reasonable quantitative growth and effective qualitative enhancement [2] - The market's expectations for listed companies have shifted from short-term performance to long-termism and comprehensive value, including governance structure, stable returns, strategic layout in frontier fields, and deep ESG practices [2] Group 2 - The 2025 T-EDGE Global Dialogue, organized by Titanium Media Group, NextFin.AI, and Barron’s China, highlights the importance of recognizing companies that redefine industry boundaries and emphasizes the core logic of "value investment" [3] - The EDGE AWARDS annual list includes categories such as Most Socially Responsible Company, Best Board Secretary, Most Investment Value Company, and Best Investor Relations Management Company, recognizing outstanding performance in governance, investment value, social responsibility, and investor relations [3][4] Group 3 - Aier Eye Hospital is recognized as a leader in ESG practices, integrating ESG into its core business and governance structure, while actively engaging in public welfare projects to enhance national eye health [5] - Betaini Group focuses on creating a skin health ecosystem and incorporates green development into its strategy, promoting biodiversity and sustainable practices [6] - Kweichow Moutai leads the liquor industry with a brand value of 468.718 billion, actively engaging in ecological protection and social responsibility initiatives [7] - JD Group has created significant employment opportunities and is committed to improving living conditions for its delivery personnel, with plans to invest 22 billion in housing projects [8] - Quantitative Group, listed on the Hong Kong Stock Exchange, leverages AI technology to reshape online consumption and has achieved a compound annual growth rate of 44.59% in revenue from 2022 to 2024 [9] - Seres focuses on new energy vehicles and has established a robust ESG governance framework, with significant growth in revenue and sales projected for 2024 [10] - Shui Jing Fang integrates social responsibility into its corporate strategy, setting clear environmental goals and contributing to community development [11] - China Baoan actively engages in social responsibility through its subsidiaries, contributing to community welfare and healthcare improvements [13] Group 4 - The Best Board Secretary category highlights the importance of effective communication between listed companies and the public, emphasizing the role of board secretaries in enhancing corporate governance [14] - Ren Shunying from Anfu Technology is recognized for her expertise in capital operations and corporate governance, significantly contributing to the company's compliance and investor relations [15] - Xia Ping from Jiahe Intelligent is noted for her effective investor relations management and participation in strategic planning [16] - Li Liangyu from Robotech is acknowledged for his role in maintaining corporate governance and enhancing market recognition [17] - Zhang Wenyu from Tianqi Lithium is recognized for his contributions to market value management and investor relations [18] Group 5 - The Most Investment Value Company category identifies companies with clear business models and significant breakthroughs in technology or policy, indicating strong growth potential [19][20] - Orbbec, a leader in 3D vision technology, has achieved over 70% market share in key sectors and continues to lead industry advancements [20] - BYD maintains its position as a global leader in new energy, with significant growth in overseas markets and a strong investment outlook [21] - Cambrian has entered a critical profitability phase, with substantial revenue growth and a strong market position in AI chips [22] - Hanlan Environment focuses on environmental services and has achieved consistent profit growth, attracting long-term investors [23] - Geely Auto has demonstrated strong financial performance and strategic integration, positioning itself for sustained growth [24] - Kanghong Pharmaceutical emphasizes innovation in drug development and has shown robust revenue growth, indicating long-term investment value [25] - Lens Technology maintains a strong market position with solid cash flow and growth potential in the automotive and consumer electronics sectors [26]

格隆汇12月22日线上举办"科技赋能·资本破局"分享会。备受瞩目的卓越公司评选榜单隆重揭晓。其 中，格隆汇"金格奖"年度卓越公司评选中，赛力斯(601127.SH/09927.HK)荣获"年度卓越高端制造企 业"奖项。 "年度卓越高端制造企业"是从技术、价值、产业等层面进行全方位分析研判，旨在甄选出高端制造行业 中在智能化、绿色化、服务化发展方面取得重大成就的卓越企业。本次评选通过定量数据分析和专家评 审团等方式得出最终结果。 ...

Core Insights - The AITO M8 has achieved a "Platinum Level" certification in the China Automotive Corrosion and Aging Performance Evaluation (CA-CAP), scoring an impressive 97.5, which sets a new record for the highest score in CA-CAP history [1] - This achievement reflects the high-quality standards of AITO products and highlights the advanced capabilities of the Seres Intelligent Safety System [1] Group 1: Performance and Safety - Corrosion resistance is now a fundamental aspect of vehicle safety architecture in the era of smart electric vehicles, beyond just affecting vehicle lifespan and aesthetics [2] - The AITO M8 excels in appearance, functionality, and scratch resistance, thanks to Seres's meticulous attention to details such as body structure, coating technology, and sealing systems [2] - Seres has established an intelligent safety system that encompasses over 190 safety scenarios, including remote driving, parking, and accident management, with more than 340 safety features [2] Group 2: Market Impact and User Trust - The Seres Intelligent Safety System has significantly contributed to AITO's market success, with 900,000 users trusting the brand, and the M9 model surpassing 260,000 deliveries, setting a record for luxury vehicles in the 500,000-unit category [3] - The AITO M8 has also exceeded 140,000 deliveries, consistently leading the sales in the 400,000-unit luxury vehicle segment [3] - The total mileage of AITO's assisted driving systems has surpassed 4.45 billion kilometers, preventing over 2.39 million potential collisions for users, demonstrating the effectiveness of the Seres Intelligent Safety System [3]

Core Viewpoint - The "Annual A+H Outstanding Enterprise Award" was presented to Sais (601127.SH/09927.HK) during the "Technology Empowerment · Capital Breakthrough" online sharing session held by Gelonghui on December 22 [1] Group 1 - The award aims to recognize listed companies that excel in operating on both A-share and H-share platforms [1] - Award-winning companies set benchmarks in business growth, financial stability, and corporate governance [1] - The evaluation criteria also include outstanding capabilities in value integration and strategic leadership [1]

Core Viewpoint - Nanbaichuan focuses on the development, production, and sales of thermal management products for new energy vehicle power batteries, fuel vehicle power systems, and energy storage batteries, with significant growth in revenue and net profit expected in the coming years [3]. Financial Performance - For the fiscal years 2022 to 2024, Nanbaichuan achieved operating revenues of 1.031 billion, 1.136 billion, and 1.437 billion yuan, with net profits attributable to the parent company of 113 million, 98 million, and 95 million yuan respectively [3]. - In the first three quarters of 2025, the company reported operating revenue of 1.208 billion yuan and a net profit of 58 million yuan [3]. - The company anticipates a 20.86% increase in operating revenue and a 9.72% increase in net profit for the full year of 2025 compared to the previous year [3]. Market Position - Nanbaichuan's client base includes major domestic and international manufacturers such as CATL, NIO, Li Auto, Geely, Dongfeng Nissan, Mercedes-Benz, Volkswagen, and Chery, as well as battery manufacturers [3]. - In the energy storage thermal management sector, Nanbaichuan has entered the supply chain systems of leading companies like CATL, Zhongchuang Innovation, and Sunshine Power [3]. Investment Projects - The funds raised will be invested in the first phase of a project to produce 3.6 million sets of water-cooled plates annually at Nanbaichuan (Chuzhou) New Energy Technology Co., Ltd., as well as to supplement working capital [3].

Group 1 - The core achievement of the AITO M8 surpassing 140,000 deliveries reflects strong market acceptance and user recognition of the Seres Super Range Extender System [1][2] - The new generation of the Seres Super Range Extender System demonstrates benchmark-level performance with a 15% reduction in comprehensive fuel consumption and an impressive energy conversion efficiency of 3.65 kWh/L [1] - The NVH performance has been optimized through over 120 specific improvements, reducing noise perception frequency by 90%, providing a library-level quiet travel experience [1] Group 2 - Seres has been a pioneer in range extender technology since 2016 and has established deep collaborations with 25 industry enterprises, transitioning from self-research to technology output [2] - In the first half of 2025, Seres range extender sales exceeded 200,000 units, maintaining a leading position in the market [2] - The delivery achievement of the AITO M8 not only signifies product recognition but also affirms the effectiveness of the Seres Super Range Extender technology [2]

Core Viewpoint - The "Annual A+H Excellence Company Award" recognizes outstanding listed companies operating on both A-share and H-share platforms, highlighting their business growth, financial stability, and governance [1] Group 1: Award Winners - The following companies received the "Annual A+H Excellence Company Award": BaiO Saite (688796.SH/02315.HK), Dazhong Public Utilities (600635.SH/01635.HK), CATL (300750.SZ/03750.HK), Seres (601127.SH/09927.HK), and CIMC (000039.SZ/02039.HK) [1] - The award aims to honor companies that set benchmarks in business growth, financial health, and corporate governance while demonstrating exceptional capabilities in value integration and strategic leadership [1] Group 2: Event Overview - The event titled "Technology Empowerment, Capital Breakthrough" was held online by Gelonghui on December 22, where the award winners were announced [1] - Gelonghui's mission is to create a reference value ranking of listed companies and unicorns in the investment community, covering all listed companies on major exchanges including the Hong Kong Stock Exchange, Shanghai Stock Exchange, Shenzhen Stock Exchange, New York Stock Exchange, and NASDAQ [2]

是否继续发展整车产业？面对两家整车企业破产留下的闲置资产，这个问题曾让重庆市合川区政府很纠 结。经过深入思考，合川果断切换到汽车零部件赛道，两年间通过利用闲置厂房引入14个汽车零部件项 目，盘活74.1万平方米厂房。合川区招商投资促进局局长蒋光平感慨地说："与其执着于已经破灭的'整 车梦'，不如从实际出发引入更有把握的产业。" 合川的"整车梦"始于本世纪初。2010年起，两家整车企业在合川落户，巅峰时期整车年产能达30万辆。 然而，随着市场竞争加剧、汽车产业转型加速，2017年至2018年间，两家企业先后陷入生产停滞状态。 "当时很多人不甘心，觉得这么好的厂房设备，就该再招一家整车企业。"蒋光平说，破产清算期间，很 多人认为合川有整车产业基础，整车带动效应强，应继续引入整车企业；但经过一番"头脑风暴"，大家 意识到，整车产业门槛高、竞争激烈，合川既无资金实力，也无品牌优势，不宜盲目跟风。 经分析，合川高新区距长安、赛力斯等主机厂生产基地处于"50公里配套圈"黄金位置；30万产业工人的 技术积淀仍在；83.7万平方米闲置厂房、1557亩工业用地，恰好能满足零部件企业"即插即用"的需求。 位于重庆合川高新区的重庆 ...