这也引出了我们今天的问题——手机品牌的碎屏险，真的值得买吗？ 按照 2025 年 11 月国内手机销量顺序，我们统计了销量前 6 的手机品牌售后服务情况，其中苹果只提供完整的整机意外保服务，而国内手机品牌的各类保修 服务就复杂太多了。 小米：服务选择丰富，可惜信息更新不及时 在小米 17 Ultra 的购买网页，我们能看到 MiCare 无忧版、延长保一年这两种增值服务（保值换新、延保不涉及意外损坏维修，不纳入此次对比范围内）。 但从小米的另一个网页中，我们不难发现，视机型不同，小米其实提供四种不同的维修售后服务，分别为 MiCare 无忧版、延长保、碎屏保障服务和意外保 障服务。 前段时间，小雷不慎摔碎了自己手机的后盖。幸运的是，小雷的手机有购买意外保服务，单独更换手机背板只花了 188 元。更"还算"的是，根据苹果的报 价，就算碎的是手机正面屏幕，在有 AC+（Apple Care+）的情况下，更换屏幕同样只需要 188 元，可以说相当"划算"了。 但事实真的如此吗？虽然苹果 AC+ 修手机的单次维修价格不会超过 628 元（如果多个部件损坏的维修价总和超过了 628 元，苹果一般会直接按照"其他损 坏" ...

Core Viewpoint - The high-end television market is witnessing a technological revolution with the emergence of RGB-Mini LED technology, which is being hailed as the ultimate standard in display technology, surpassing the previously dominant Mini LED technology [1] Group 1: RGB-Mini LED Technology - RGB-Mini LED technology represents a significant advancement over traditional QD-Mini LED, utilizing red, green, and blue light-emitting chips directly, resulting in superior color purity and vibrancy [2] - The Hisense E8S Pro achieves an industry-leading 100% BT.2020 color gamut coverage, providing users with a more authentic visual experience, especially on large screens [2] Group 2: AI Picture Quality Chip - Hisense is the only domestic brand with self-developed picture quality chip capabilities, and the E8S Pro features the XinXin® AI picture quality chip H7, which manages 9360 backlight zones in real-time [3] - The AI chip enables "light and color co-control," achieving 108 bits of precision in controlling brightness and color, significantly reducing common issues like "blooming" by 60% [5] Group 3: Screen Reflection and Viewing Experience - The Hisense E8S Pro is equipped with a black crystal Ultra screen that boasts a low reflectance of 1.28%, the lowest in the industry, ensuring clear visibility even in bright conditions [7] - With a peak brightness of 6200 nits and RGB wide viewing angle technology, the television maintains consistent color and brightness across different viewing positions, enhancing the overall viewing experience [7] Group 4: Market Positioning - The Hisense E8S Pro is positioned as a leading option for consumers seeking the forefront of LCD display technology, capable of delivering high-quality visuals for both gaming and cinematic experiences [6][7]

Group 1 - The article discusses the comparison between down jackets and cotton jackets in terms of warmth and value for money, emphasizing that both types of insulation work by trapping air [1] - It highlights that the effectiveness of insulation depends on the microstructure of the material, which can be likened to small rooms that trap air, thus creating a thermal barrier [1] - For those seeking extreme lightweight warmth, down jackets are recommended, while high-tech synthetic cotton jackets are more advantageous in rainy or snowy conditions [1] Group 2 - The article suggests that the choice between down and cotton jackets should be based on specific weather conditions and personal preferences for warmth and weight [1] - It also touches on the broader theme of consumer behavior, indicating that impulsive buying of clothing can lead to financial strain, referred to as "invisible poverty" [1]

（记者 张明双） 每经AI快讯，有投资者在投资者互动平台提问：请问公司在跨境电商这块跟哪些公司有合作吗？ 值得买（300785.SZ）12月26日在投资者互动平台表示，当前，全球电商市场，尤其是新兴国家的电子 商务领域，仍处于快速增长阶段，消费内容及内容营销服务需求旺盛。基于这一洞察，2024 年，公司 正式启动了国际化战略，迈出了国际化布局的重要一步。目前，公司的国际化战略已经在泰国、印尼等 地开始落地，后续有关进展欢迎您关注公司相关公告和定期报告的披露。 ...

Core Insights - The report highlights the transformation of the Chinese cosmetics industry from "traffic dividends" to "mind dividends" [1] - It provides a comprehensive marketing solution for beauty brands through the "TSTE user scientific management theory" and "Whale Index" [1] Industry Trends - The cosmetics industry is undergoing a value reconstruction, with makeup evolving from a standardized beauty tool to a personalized self-expression and emotional carrier [3] - Consumers are shifting from passive following to active research, focusing on core value dimensions such as ingredients and experience rather than superficial factors like price and marketing [3] - Two major consumer trends have been identified: 1. Consumers are seeking products that offer both makeup and skincare benefits, aiming for long-lasting skin nourishment and improvement [3] 2. In a fast-paced lifestyle, consumers embrace the philosophy of "minimalism is the new sophistication," driving the demand for multifunctional products like face and eye palettes [3] Collaboration and Future Directions - The report marks the first outcome of the deep collaboration between Zhidingbuy Technology and Whale Energy, combining vast content and consumer data insights with a comprehensive analysis model [3] - The executive director of Zhidingbuy Consumer Industry Research Institute expressed intentions to further explore consumer insights and produce more trend reports to support high-quality and sustainable industry development [3] - Future collaborations will involve partnerships with universities, think tanks, and industry associations to generate valuable research outcomes for market reference and industry upgrades [3]

Group 1 - The core idea of the news is that Worth Buying Technology is accelerating the extension of its interest consumption model into new consumption scenarios such as esports, through events and offline experiences [1][2] - The ZEM (Worth Buying Technology Elite Challenge) is a global official points event for "Counter-Strike 2 (CS2)" co-created by Worth Buying Technology and XinSai Esports, marking a significant step in the company's strategy [1] - The event will feature the Worth Buying Technology Esports Carnival (ZEC) at the venue, which, along with ZEM, will form the Worth Buying Technology Esports Festival (ZEF), aiming to enhance user engagement and drive consumption through immersive experiences [1] Group 2 - The founder and chairman of Worth Buying Technology, Sui Guodong, expressed the intention to create a platform for Chinese teams to compete with world-class teams and provide an immersive offline viewing and communication space for esports enthusiasts [2] - The esports festival aims to stimulate demand and convert value in real scenarios, addressing the interest expression and consumption choices of the younger generation [2]

Core Viewpoint - The U.S. stock market is at a threshold where it is no longer solely driven by "rate cut narratives," facing a complex combination of variables as it approaches 2026 [1] Group 1: Market Performance and Trends - In 2025, the S&P 500 index experienced significant volatility, initially dropping near bear market territory due to tariff threats but rebounding due to policy concessions and AI momentum, resulting in a year-to-date total return of approximately 18%-19% by year-end [2] - The S&P 500 index reached its 38th historical high on December 23, reflecting market confidence in the resilience of the U.S. economy and corporate earnings [3] - The VIX index, a measure of market volatility, closed at 14 points on December 23, the lowest since December 2024, indicating reduced market tension [3] Group 2: Economic Outlook and Influencing Factors - Analysts are focused on whether the U.S. stock market will continue its bull run or face systemic risks in 2026, with key determinants being economic stability, Federal Reserve policy direction, and whether current stock prices are supported by economic fundamentals [4] - The U.S. economy showed no signs of significant recession in 2025, with GDP expanding at its fastest pace in two years, reinforcing expectations of a "soft landing" [4] - The OBBBA tax cut legislation is expected to boost economic growth starting in 2026, alongside a gradual decline in inflation, contributing to a favorable macroeconomic environment [5] Group 3: Federal Reserve and Interest Rates - If inflation continues to cool, the Federal Reserve may begin to lower interest rates in 2026, which could help maintain high stock prices despite elevated valuations [6] - Current market sentiment indicates a 19.9% probability of a 25 basis point rate cut in January 2026, with a 47.1% chance of maintaining current rates [6] Group 4: Sector Performance and Investment Focus - Wall Street strategists expect 2026 to be a strong year for the U.S. stock market, with optimistic projections for the S&P 500 index reaching between 7,000 and 8,100 points by year-end [8] - Investment focus is shifting from technology stocks to cyclical stocks, which are closely tied to economic cycles, with notable performance improvements in sectors like real estate, steel, and automotive [9] - Cyclical stocks have outperformed defensive stocks, with a 9.3% increase in a recent month, indicating a growing investor interest in sectors benefiting from economic recovery [9]

Market Performance - The digital media sector increased by 0.88% on December 24, with Vision China leading the gains [1] - The Shanghai Composite Index closed at 3940.95, up 0.53%, while the Shenzhen Component Index closed at 13486.42, up 0.88% [1] Stock Performance - Vision China (000681) closed at 21.98, up 1.62%, with a trading volume of 279,100 shares and a transaction value of 609 million yuan [1] - Other notable stocks included: - Zhangyue Technology (603533) at 19.22, up 1.59% [1] - Fengyuzhu (603466) at 9.11, up 1.56% [1] - Mango Super Media (300413) at 23.68, up 1.28% [1] - Zhaochuang Information (301299) at 52.91, up 1.07% [1] Capital Flow - The digital media sector experienced a net outflow of 45.89 million yuan from institutional investors and 22.75 million yuan from speculative funds, while retail investors saw a net inflow of 68.64 million yuan [2] - The capital flow for individual stocks showed: - Vision China had a net inflow of 36.66 million yuan from institutional investors [3] - Mango Super Media had a net inflow of 2.52 million yuan from retail investors [3] - Other stocks like ST Fanli (600228) and Zhaochuang Information (301299) faced net outflows from institutional investors [3]

Core Viewpoint - The article discusses the pricing and value of Apple's iPhone 17 series in Hainan's duty-free stores, highlighting potential savings compared to official prices and questioning the overall value of purchasing from these stores. Group 1: Duty-Free Store Overview - Hainan has established 10 duty-free stores from 2020 to 2022, allowing consumers to enjoy tax exemptions on products when traveling to the island without leaving the country [3] - The iPhone 17 series is available in Hainan's duty-free stores, with significant price comparisons showing that many models are indeed cheaper than official prices [3] Group 2: Price Comparisons - The highest-end iPhone 17 Pro Max 2TB is priced at 17,999 yuan officially but can be purchased for 16,660 yuan in the duty-free store, resulting in a saving of 1,340 yuan [3] - Various models show different levels of discounts, with some models only offering savings of a few hundred yuan, which may not justify the effort of traveling to Hainan for the purchase [4] Group 3: Purchasing Limitations - Duty-free purchases are limited to personal use, with an annual exemption limit of 100,000 yuan per person, making bulk buying for resale impractical [5] - Consumers may find that certain models are cheaper on e-commerce platforms due to ongoing subsidies, making online purchases potentially more advantageous than buying from duty-free stores [7] Group 4: Conclusion on Value - The value of purchasing iPhones from Hainan's duty-free stores is contingent on the consumer's circumstances, such as being in Hainan and needing to buy an iPhone, otherwise, it may not be worth the effort [8]

Investment Rating - The report maintains a "Recommended" rating for the media and internet industry [1] Core Viewpoints - The media and internet industry is driven by performance and AI empowerment, with a focus on core assets in the Hong Kong internet sector and AI applications [3][4] - The report highlights the stable supply in the film industry and the recovery of the box office, with significant growth in ticket sales [16][20] - The gaming sector shows strong performance with an increase in both client and mobile game revenues, driven by dual-end interaction [57][58] - The advertising market is showing steady growth, with a notable increase in spending across various sectors [3][4] Market Review - In November 2025, the media industry index rose by 1.69%, outperforming the Shanghai and Shenzhen 300 index, which fell by 2.46% [5][6] - The media sector's performance varied, with advertising marketing up by 9.68% and the gaming sector down by 0.94% [10][12] Sub-industry Data Tracking Film Industry - The national box office for November 2025 reached 3.553 billion yuan, a year-on-year increase of 89.29% and a month-on-month increase of 36.03% [16][20] - The top film, "Zootopia 2," generated a box office of 1.731 billion yuan, accounting for 54.2% of the monthly total [23] Gaming Industry - The domestic gaming market's actual sales revenue in October 2025 was 31.359 billion yuan, a year-on-year increase of 7.83% [57] - Client games showed a strong performance with revenues of 7.227 billion yuan, up 29.4% year-on-year [58] Advertising Industry - The overall advertising market expenditure increased by 4.3% year-on-year in the first ten months of 2025, with a significant rise of 10.6% in October [3][4]