每经AI快讯，有投资者在投资者互动平台提问：请问中兴通讯是不是公司的客户？ 芯瑞达（002983.SZ）12月4日在投资者互动平台表示，目前公司未有产品销售或服务于中兴通讯。 （文章来源：每日经济新闻） ...

相比恒生科技指数，国证港股通科技指数减配消费零售，超配医药生物、硬件设备，科技成色更足。 2017年以来，国证港股通科技指数年化收益超12%，长期跑赢恒生科技指数、中证港股通科技指数等同 类港股科技指数。 消息面上，美国11月"小非农"创两年半来最大降幅，美联储降息预期进一步升温。参照历史数据，在美 联储降息周期内，港股科技成长资产反弹空间普遍大于A股。招商香港报告中指出，港股边际利好正在 积聚，已迎来上行转折点，AI等科技领域的发展前景受到关注。 港股通科技ETF（159101.SZ）跟踪港股通科技指数，成分股均为港股通标的，相比恒生系列ETF，港股 通类ETF不占QDII额度，流动性更优，更容易获得资金积极抢筹。 12月4日，A股港股市场开盘一度惯性下探，但临近午盘强势翻红，港股弹性更大，截至发稿，恒生科 技指数涨0.80%，港股通科技指数涨幅更为领先，盘中涨超1.3%。 港股通科技指数成分股方面，优必选、地平线机器人、康方生物、华虹盘中涨超4%，金山云、小米集 团、信达生物、哔哩哔哩涨超2%，中兴通讯、美团等也止跌反弹。 ...

Group 1 - As of December 3, the margin trading balance in A-shares is 24,825.92 billion yuan, a decrease of 38.62 billion yuan from the previous trading day, accounting for 2.60% of the A-share circulating market value [1][2] - The margin trading transaction amount on the same day is 1,614.91 billion yuan, an increase of 53.15 billion yuan from the previous trading day, representing 9.58% of the total A-share transaction amount [1][2] Group 2 - Among the 31 primary industries in Shenwan, 10 industries experienced net financing inflows, with the communication industry leading with a net inflow of 9.27 billion yuan [2] - Other industries with significant net financing inflows include non-ferrous metals, banking, food and beverage, national defense and military industry, and light industry manufacturing [2] Group 3 - A total of 17 stocks received net financing inflows exceeding 1 billion yuan, with Industrial Fulian leading at 8.17 billion yuan [3] - Other notable stocks with high net financing inflows include China Uranium Industry, Tianfu Communication, ZTE Corporation, Shanghai Hanxun, Tongyu Communication, Huaying Technology, Northern Rare Earth, Jereh Holdings, and Cambridge Technology [3][4]

Summary of Conference Call Notes Industry Overview - The AI mobile phone market is expected to show significant growth in the coming years, with notable attention on Apple's performance in the first half of 2026 and the releases from Google Open, OpenAI, and Apple Glasses in the second half of 2026 [2][10]. Key Points and Arguments AI Mobile Phone Market - ByteDance's collaboration with ZTE on AI mobile phones has shown good performance in user interface upgrades, but it faces limitations such as single-task flow and authorization issues that need to be addressed [1][5]. - The AI mobile phone market has exceeded expectations primarily due to previously low market expectations and a faster-than-anticipated release schedule [2]. Apple's AI Technology Development - Apple faces challenges in coordinating interests among mobile manufacturers, application developers, and model providers, which has slowed progress in API calls and data integration [3]. - Organizational restructuring at Apple may accelerate the implementation of AI technologies, with a significant upgrade to Siri expected in spring 2026, potentially shortening the user upgrade cycle [6][10]. - The rise in storage prices may impact consumer electronics sentiment but has limited effects on the supply chain, with high-end consumers more willing to accept additional costs due to computational power consumption [11][12]. Strategic Partnerships - Apple prioritizes ecosystem advantages when selecting AI partners, initially collaborating with ChatGPT and later with Gemini overseas, while shifting to Alibaba's Tongyi Qianwen in the domestic market [7][8]. - Alibaba's extensive ecosystem, including high-frequency applications like Taobao and Alipay, enhances user reliance on AI functionalities, making it a strategic choice for Apple [8]. ByteDance's Smart Phone Features - ByteDance's Doubao smartphone is an engineering prototype that allows for large model access in a screen-off scenario and can run background processes without affecting other applications [9]. - The Doubao smartphone offers a one-year free trial for all AI features, with potential future charges for AI functionality, indicating a market opportunity among high-end consumers who may accept additional fees [9]. Future Outlook - In 2026, companies like Apple are expected to benefit from their stability and long-term storage advantages, with investment opportunities arising from AI upgrades anticipated in March and April [6][10]. - Non-mobile hardware products, such as OpenAI's native AI hardware and Google's AR glasses, are expected to be significant in the second half of 2026, providing new growth points for the industry [10][13]. Additional Important Insights - The structural changes within Apple, including reporting adjustments for AI leadership, may enhance the speed of AI technology deployment [4]. - The market's response to AI glasses and other emerging hardware products will be crucial for investment strategies in the coming years, particularly in relation to OpenAI and Google's initiatives [13].

Core Insights - The report indicates a neutral market sentiment with a score of 41, suggesting a period of market consolidation and caution among investors [5][7][19] - Key themes identified include non-ferrous metals, banking, and AI mobile phones, with specific companies highlighted for potential investment opportunities [5][19] Non-Ferrous Metals - The non-ferrous metals theme is driven by expectations of increased demand due to potential US interest rate cuts and AI data center growth, leading to a price increase for copper and aluminum [5] - Copper prices are supported by financial attributes, supply constraints, and resilient traditional demand, while aluminum faces tight balance due to peak domestic capacity and limited overseas growth [5] Banking Sector - Banking stocks are characterized by high dividend yields, with the China Securities Banking Index yielding 6.02%, significantly above the 10-year government bond yield [5] - In a slowing economy with increased market volatility, banking stocks are seen as stable investment options for long-term funds such as insurance and social security [5] AI Mobile Phones - ZTE has launched a limited release of the Nubia M153, featuring the "Doubao Phone Assistant," aimed at developers and tech enthusiasts [5] - This technology is embedded at the system level, allowing for complex command execution across applications, differentiating it from standard phone assistants [5] Market Sentiment and Investment Strategy - The market sentiment temperature indicator suggests that when the score is below 30, the market may find support, while scores above 70 indicate potential resistance [7][19] - The report recommends a flexible investment approach based on individual stock performance and market information during the current neutral sentiment phase [19]

Core Insights - The Latin American smartphone market is projected to grow by 1% year-on-year in Q3 2025, reaching a shipment volume of 35.2 million units, the highest quarterly shipment level since Q4 2015 [2] - Major manufacturers have shown resilience in shipment volumes due to cautious inventory management and moderate consumer demand despite economic uncertainties [2] Market Performance - Samsung leads the market with 11.6 million units shipped, capturing 33% market share, with its low-end A series models accounting for 68% of its total shipments [2] - Xiaomi follows in second place with 6.3 million units (18% share), while Motorola ranks third but has seen a decline for six consecutive quarters, with a year-on-year drop of 11% [2] - Honor ranks fourth, achieving a new shipment high of 2.9 million units for the third consecutive quarter, driven by growth in the Caribbean, Colombia, and Ecuador, which now account for over 40% of its total shipments [2] Regional Insights - The recovery in the region is attributed to growth in key markets like Brazil and Central America, with Brazil holding a 29% share and a shipment volume of 10.3 million units (5% year-on-year growth) [4] - In contrast, Mexico, the second-largest market, saw a shipment volume of 7.4 million units (21% share), down 11% year-on-year, marking the fourth consecutive quarter of decline [4] - The demand for low-end devices remains strong in Brazil and other markets, while Colombia and Chile show signs of recovery due to improved economic conditions [4] Price Segment Analysis - Despite overall market growth, the segment below $300, which accounts for 71% of total shipments, declined by 2% due to ongoing inventory pressures and stagnant consumer demand [5] - This decline is offset by a robust 20% year-on-year growth in the high-end segment (above $500), leading to an 8% increase in average selling price (ASP) in Q3 2025 [6] - Brands like OPPO, Xiaomi, Honor, vivo, and realme are intensifying their efforts to solidify their positions in this high-margin segment [6] Strategic Insights - The increase in high-end market shipments reflects manufacturers' efforts to maintain market share and enhance brand positioning amid saturation in the low-end market [8] - Companies are focusing on improving ASP, enhancing ecosystem profitability, and strengthening customer loyalty as key strategies for sustained financial health [8] - Omdia forecasts that the Latin American smartphone market will remain stable in 2025, with an estimated annual shipment volume of approximately 137 million units, although pressures for 2026 are emerging due to rising costs of memory and storage [8]

Core Viewpoint - The launch of the Doubao mobile assistant has sparked significant interest and concern regarding user privacy and the implications of AI integration in mobile devices, particularly in terms of system-level permissions and potential risks associated with data security [1][2][9]. Group 1: Product Launch and Market Reaction - On December 1, ByteDance's Doubao team released a technical preview of the Doubao mobile assistant, which led to a surge in interest in the "AI mobile concept," causing ZTE's stock to hit the daily limit up on the same day [1]. - However, ZTE's stock experienced declines of 1.73% and 4.84% on December 2 and 3, respectively, following user feedback about operational issues with the assistant [1]. - Users reported problems such as WeChat crashing and login failures when using the Doubao assistant, prompting concerns about the assistant's impact on app functionality [1]. Group 2: Privacy Concerns and Permissions - The Doubao mobile assistant has raised questions about user privacy, particularly due to its system-level permissions that allow it to read screen content, including sensitive information like bank details and chat logs [1][8]. - The Doubao team stated that the assistant requires user consent to access these permissions and does not store any screen content on the cloud [2][9]. - Experts have warned that if users rely heavily on AI assistants, it could lead to a significant reduction in the value of app user entry points and advertising revenue, potentially disrupting the current internet business model [2]. Group 3: Industry Context and Competitors - Other major smartphone manufacturers, including Huawei, Xiaomi, and OPPO, have also been developing AI assistants, indicating a competitive landscape where Doubao is not the first mover [4][5]. - The Doubao assistant is designed to perform complex tasks across applications, surpassing the capabilities of existing mobile assistants, which often require user intervention for complex operations [5][6]. - Analysts suggest that while established brands may not adopt third-party AI solutions, smaller manufacturers might find partnerships with AI companies like ByteDance to be a practical choice [6]. Group 4: Technical Aspects and Future Implications - The Doubao assistant utilizes high-level system permissions, such as "INJECT_EVENTS," which allows it to perform seamless cross-application operations, enhancing user experience [7][8]. - The reliance on screen reading capabilities raises concerns about data privacy, as the assistant must access personal information to function effectively [8]. - The current state of AI assistants is still evolving, with many limitations, and the industry is in an exploratory phase regarding the integration of AI into mobile interactions [6].

转自：开源中国社区（oschina2013） 豆包和中兴通讯近日宣布，搭载"豆包手机助手"技术预览版的工程样机努比亚 M153 已少量发售。 开发者 @wuxianlin 对这款"豆包手机"的工程样机进行系统拆包后发现了 Smartisan、SmartisanOS 相关的代 码。 | 84 | | | 94 | | | 97 | | | 100 | | | 103 | | | 111 | | | 114 | | | 115 | | | 116 | | | 117 | | | 118 | | 另外，博主 @白徵明 还发现，该手机内置的铃声里有"米店"（"米店"是锤子手机的内置手机铃声之一）。 根据公开信息， 字节跳动于 2018 年底收购锤子科技坚果手机团队及部分专利 。 "豆包手机助手"的主力研发团队是字节负责 AI 硬件的 Ocean，它隶属于字节 AI 产品大部门 Flow， 长期探 索"大模型+超级 App+硬件终端"的三位一体布局。此次与中兴的合作正是该战略在手机领域的重要落子。 该团队 主要成员来自字节多年来先后收购的一些硬件产品团队，如锤子手机、VR 头显 PICO、智能耳机 ...

深圳商报首席记者 袁静娴 12月3日，多位网友在社交平台上反馈，搭载豆包助手的努比亚M153工程机（即"豆包AI手机"）登录微 信时，页面弹出"登录环境异常，需更换设备重新登录"的警告。部分用户更换账号后虽能临时登录，但 传输聊天记录时再次被强制下线。更关键的是，若通过豆包助手操作微信功能（如发送消息），系统直 接提示"任务失败"，并标注"实验室功能暂不支持微信操作"。 目前，豆包团队的工作人员建议用户暂停相关功能，并下线了操作微信的能力。腾讯微信客服则表示， 关于豆包助手手机登录微信的问题，目前网页版登录功能已调整，建议用户通过微信PC端使用。 nubia M153豆包手机助手技术预览版（以下统称"豆包AI手机"）由中兴通讯（000063）和字节跳动共同 开发，其中字节旗下的豆包主导AI手机的产品定义与体验，中兴通讯旗下努比亚主导硬件研发设计及 生产制造。 上架一抢而空 二手平台溢价千元 该手机于12月1日正式发布，在中兴商城上架后很快售罄。二手交易平台上，nubia M153的搜索量也持 续上涨，价格水涨船高，一度溢价数千元。 一款工程样机，还处于技术预览，为何能引起众多消费者兴趣？根据官网信息，硬件方面 ...

责任编辑：何俊熹 新浪科技讯 12月3日晚间消息，据媒体报道，接近字节跳动豆包手机合作项目人士称，豆包手机助手这 款手机基本算是字节自己研发的，但是迫于压力说的合作，其实中兴只是代工。 对上述信息，豆包手机助手方面向新浪科技表示，合作的工程样机由豆包主导AI手机助手的产品定义 与体验，中兴通讯旗下努比亚nubia主导硬件工程与技术研发。 新浪科技讯 12月3日晚间消息，据媒体报道，接近字节跳动豆包手机合作项目人士称，豆包手机助手这 款手机基本算是字节自己研发的，但是迫于压力说的合作，其实中兴只是代工。 对上述信息，豆包手机助手方面向新浪科技表示，合作的工程样机由豆包主导AI手机助手的产品定义 与体验，中兴通讯旗下努比亚nubia主导硬件工程与技术研发。 责任编辑：何俊熹 ...