公司方面，据证券时报表示， 歌尔股份：公司可为全球行业领先客户提供AI智能眼镜等智能硬件设备的垂直整合的产品解决方案和 一站式的研发制造服务，目前公司相关业务顺利进展中。 恒玄科技：公司芯片产品广泛应用于智能可穿戴市场，包括TWS耳机、智能手表/手环、智能眼镜等产 品。基于公司BES2800的智能眼镜方案已经实现量产，通过全集成的音频输入输出，可实现轻量化模型 的本地运行。 *风险提示：股市有风险，入市需谨慎 8月28日，据证券时报消息，理想汽车或最快于下月发布首款AI眼镜，该产品将与理想新车共同现身。 报道称，理想汽车内部对于AI眼镜项目十分重视，虽目前主要攻坚AI拍摄眼镜，但未来也有全彩AR眼 镜的考虑。报道还提到，理想AI眼镜将着重于AI语音交互，产品或依托于"理想同学"App。产品形态方 面，理想首款AI眼镜或为AI拍摄眼镜。据此前XR Vision报道，理想汽车首款拍摄类AI眼镜或将首发恒 玄BES 2800+研极微ISP的方案，由理想汽车联合歌尔股份共同设计。 Meta的全球成功验证了轻量化设计、场景刚需化与消费级定价的可行性，推动AI眼镜行业迈入爆发 期。国产厂商华为、Rokid、小米通过鸿蒙生 ...

在今年九月，我们增程全系AD Max车型将会升级VLA智能辅助驾驶。目前，VLA Preview版本已经随 着理想i8开始向用户交付，其驾驶性能的提升是非常显著的。如果打个比方的话，就好比ChatGPT 4.0 相比ChatGPT 3.5之间的代际突破。新版的模型参数规模将达到40亿，较之前的端到端模型提升超过10 倍，相当于脑容量大幅的扩容。这直接带来了两个核心体验升级：在行车端，平顺性和舒适性得到了显 著优化，根据我们的用户反馈，大家已经很难区分是辅助驾驶还是人类驾驶；在泊车端，VLA的远程 召唤和VLA的自动泊车功能也收获了用户的高度认可，既可以解决用户实际用车的痛点，也能够获得 更好的使用体验。从行业的视角来看，VLA架构高度契合人类智能进化的逻辑，并且现在更多的同行 认可也加入了VLA的研发阵营。 接下来，我们认为辅助驾驶的竞争核心是迭代速度，关键在于强化学习。理想汽车已经搭建并启用了支 撑强化学习的仿真环境，核心是依托世界模型来实现场景和数据的重建和生成。后续我们将通过这一体 系来推动VLA模型的快速迭代，保持行业领先。 专题：聚焦2025年第二季度美股财报 理想汽车高管解读2025年Q2财报 财 ...

理想汽车董事长兼CEO李想在理想汽车Q2财报电话会上表示，理想确定性会减少SKU（即车型的种类 和配置型号）数量，回归理想ONE和L9时代。他还透露，在技术平台和产品更新上，理想会加快迭代 速度。(格隆汇) 理想汽车(LI.US)涨超6.5%，最高触及24.08美元。 消息面上，理想汽车公布第二季度业绩，营收302亿元，环比增长16.7%。其中，车辆销售收入289 亿 元，环比增长17%，车辆毛利率为19.4%。期内录得经营利润8.27亿元，同比增长76.7%，环比大增 204.4%。 ...

面对市场竞争与内部调整的双重挑战，理想汽车再次以稳健的财务表现证明其头部新势力的韧性与实 力。 在智能驾驶领域，理想汽车自研的VLA（视觉语言行动模型）司机大模型基于思维能力、沟通能力、 记忆能力和自主学习能力，为用户带来防御驾驶、平稳舒适、三点掉头、连续任务、地库行驶等体验升 级。VLA司机大模型不再是端到端模型时期的"模仿学习"，而是"强化学习"，既能理解物理世界，又能 深度思考。 截至2025年第一季度末，公司现金储备高达1107亿元，充裕的现金储备为长期研发投入提供支撑，为长 期市场竞争夯实基础。 根据理想汽车第二季度财报显示，季度营收实现302亿元，较一季度增长16.7%。 尽管面临市场价格竞争激烈和内部销售服务体系调整的挑战，理想汽车依然保持了连续11个季度的盈利 纪录，成为国内新势力车企中唯一实现这一成绩的企业。 在纯电与增程车型同时操盘、销服组织大规模调整的阶段，这份成绩单显得尤为不易。 财务表现：稳健盈利 现金充盈 盈利能力方面，季度净利润达到11亿元，较一季度增长69.6%，连续11个季度实现盈利，季度经营利润 较一季度增长204.4%，达到8.27亿元。 研发投入：百亿元级投入 技术领先 ...

监制：施诗 编辑：和佳 李依农 南方财经记者李依农 杨雨莱 随着海外资金持续加码中国资产，中概股的表现自然成为投资者关注的焦点。 数据显示，截至8月27日，纳斯达克中国金龙指数今年以来累计上涨逾15%，整体呈现翻红走强态势。 然而，近期的波动也很明显。8月27日美股时段，纳斯达克中国金龙指数收跌2.58%，热门中概股普遍 承压。新能源车板块跌幅居前，其中理想汽车跌超8%，小鹏跌近7%，蔚来跌约6%；京东、阿里巴巴、 百度等互联网巨头股价同样走弱。 短期波动反映市场情绪，但从长期投资逻辑来看，中国市场仍具备显著增长潜力。消费升级、新能源、 科技创新等赛道的持续发展，为投资者提供了结构性机会。 本期《全球财经连线》深度解析中概股承压背后的因素，以及潜在的长期投资机遇。 【本节目内容及观点仅供参考，不构成任何投资建议！】 策划：赵海建 ...

Core Viewpoint - The news highlights various companies' financial performances, stock movements, and strategic decisions, indicating a mixed outlook across different sectors. Performance Summary - Anta Sports clarified it is not a potential acquirer of Canada Goose Holdings [3] - Lianyi Intelligent Manufacturing reported normal operations with no undisclosed significant matters [3] - Huon Electric's robot business is still in the R&D phase and has not generated revenue [3] - Tianfu Communication and Longyang Electronics both reported normal operations with no undisclosed significant matters [3] - Cambrian Technology expects annual revenue of 5 billion to 7 billion yuan in 2025 [3] - CITIC Securities reported a net profit of 13.719 billion yuan for the first half, up 29.8% year-on-year [3] - SMIC's net profit for the first half was 321 million USD, a 35.6% increase year-on-year [3] - Zhongwei Company reported a net profit of 706 million yuan, up 36.62% year-on-year [3] - Wancheng Group's net profit surged 50358.8% to 472 million yuan in the first half [3] - China Galaxy's net profit increased by 47.86% year-on-year, proposing a dividend of 1.25 yuan per 10 shares [3] - Zhujiang Beer reported a net profit of 612 million yuan, up 22.51% year-on-year [3] - Yili Group's net profit decreased by 4.39% to 7.2 billion yuan [3] - Zhongke Titanium White's net profit fell by 14.83% to 259 million yuan [3] - Huasheng Tiancheng turned a profit with a net profit of 140 million yuan [3] - Li Auto's second-quarter revenue totaled 30.2 billion yuan, down 4.5% year-on-year but up 16.7% quarter-on-quarter [3] - Bull Group's net profit decreased by 8% to 2.06 billion yuan [3] - Nanshan Aluminum reported a net profit of 2.625 billion yuan, proposing a dividend of 0.4 yuan per 10 shares [3] - Shuijingfang's net profit fell by 56.52% to 105 million yuan [3] - Huaneng International's net profit increased by 13.15% to 3.904 billion yuan [3] - SAIC Group's net profit decreased by 9.21% to 6.018 billion yuan [3] - SF Holding's net profit increased by 19.4% year-on-year, proposing a dividend of 4.6 yuan per 10 shares [3] - Zhongke Shuguang's net profit increased by 29.39% to 729 million yuan [3] - Shanxi Fenjiu's net profit increased by 1.13% to 8.505 billion yuan [3] - Haier Smart Home reported a net profit of 12.033 billion yuan, proposing a dividend of 2.69 yuan per 10 shares [3] - China State Construction's net profit increased by 3.2% to 30.404 billion yuan [3] - CITIC Construction Investment's net profit was 4.509 billion yuan, proposing a dividend of 1.65 yuan per 10 shares [3] - New China Life Insurance's net profit increased by 33.5% to 14.799 billion yuan [3] - China Southern Airlines reported a loss of 1.533 billion yuan in the first half [3] - Sanhuan Group's net profit increased by 20.63% to 1.237 billion yuan [3] - Yingshi Innovation's net profit increased by 0.25% to 520 million yuan [3] - ZTE's net profit decreased by 11.77% to 5.058 billion yuan [3] - Changxin Bochuang's net profit surged 1121.21% to 168 million yuan [3] Buyback and Shareholding Changes - Spring Airlines plans to repurchase shares worth 300 million to 500 million yuan [4] - Shenzhen Ruijie plans to repurchase 500,000 to 600,000 shares [4] - Haotong Technology's actual controller plans to reduce holdings by up to 3% [4] - Aojie Technology's shareholder Alibaba Network plans to reduce holdings by up to 3% [4] - Chunzong Technology's chairman plans to reduce holdings by up to 2.053% [4] - Zhejiang Shibao's controlling shareholder plans to reduce holdings by up to 2% [4] Contracts and Major Investments - Zhongding Co. signed a strategic cooperation agreement with the Baohe District government for the robotics industry [4] - Tongda Co. is pre-awarded a 122 million yuan procurement project by the State Grid [4] - Runjian Co. won a 392 million yuan project for green power supply in Ulanqab, Inner Mongolia [4] - Dash Intelligent signed a smart project contract for Hualun Century Plaza [4] - Huakang Clean signed a pre-award for a 136 million yuan medical purification project [4] - Shunyu Co. plans to establish a smart water management subsidiary [4] - Guanzhong Ecology plans to invest in a seedling breeding base in Kyrgyzstan [4] Mergers and Acquisitions - Beixin Building Materials intends to acquire 100% equity of an overseas building materials company [4] - Chip Origin plans to purchase equity in Chip Lai Zhirong, with stock suspension starting tomorrow [4] - Kaifa Electric plans to acquire 80% equity of Ouli Power Network for 52 million yuan [4] Other Developments - Jinghe Integration plans to issue H-shares and list on the Hong Kong Stock Exchange [4] - Huahai Qingke plans to issue H-shares and list on the main board of the Hong Kong Stock Exchange [4] - Fuhanwei plans to issue H-shares and list on the Hong Kong Stock Exchange [4]

8月28日，理想正式发布2025年第二季度财报，连续11个季度盈再次展现出其作为头部新势力车企的强大韧性。在纯电与增程双线作战、产品矩阵快速扩张 的背景下，理仍想保持稳健增长的业绩表现。 8月28日，理想正式发布2025年第二季度财报，连续11个季度盈再次展现出其作为头部新势力车企的强大韧性。在纯电与增程双线作战、产品矩阵快速扩张 的背景下，理仍想保持稳健增长的业绩表现。理想2025年第二季度营收302亿元，净利润11亿元，经营利润达到8.27亿元，环比大幅增长204.4%，继续保持 强劲盈利势头。尤其值得关注的是，理想二季度研发投入达到28亿元，研发费率达到9.3%，位居新势力领先水平。截至二季度末现金储备仍在千亿元之 上，为研发投入提供相当充足的资金底气。 智能化技术全面突破：从功能到体验的跨越 理想在研发上的投入，从来不是跟风式砸钱，而是瞄准行业核心痛点的精准布局。2025年全年，理想研发规模预计突破120亿元，其AI相关投入超过60亿 元。这种投入力度与方向，本质上是理想对"新能源汽车下半场"竞争逻辑的深刻判断：当产品配置趋同、价格战难以为继时，只有自主掌握关键领域的核心 技术，才能在用户体验与产品差 ...

【时政新闻】 ①泽连斯基：乌美代表团29日将在纽约会晤； ②美国上周初请失业金人数为22.9万人，前值由23.5万人修正为23.4万人； ③美国第二季度实际GDP年化修正值环比增3.3%，初值增3%； ④欧洲央行7月货币政策会议纪要显示，目前利率大致处于中性区间； ①理想汽车美股盘前跌超1%，公司第二季度营收302亿元，同比下降4.5%； ⑤欧洲央行管委雷恩：特朗普对美联储独立性的施压，可能对金融市场和实体经济产生重大全球性影 响； ②英伟达美股盘前跌0.2%，公司Q2数据中心销售额不及预期； 【市场动态】 ③Snowflake美股盘前涨超13%，公司Q2业绩及财年营收指引齐超预期； ①美股三大股指期货小幅走高，截至发稿，道指期货涨0.16%，标普500指数期货涨0.1%，纳指期货涨 0.09%； ④丰田汽车7月汽车产销数量均创下历史新高。 ②欧洲主要股指涨跌互现，截至发稿，英国富时100指数跌0.34%，法国CAC40指数涨0.38%，德国DAX 指数跌0.02%，欧洲斯托克50指数涨0.24%； ③现货白银突破39美元/盎司，日内涨1.15%；现货黄金向上触及3400美元/盎司，日内涨0.08%； 【公司 ...

Li Auto (LI) Q2 2025 Earnings Call August 28, 2025 08:00 AM ET Company ParticipantsJanet Zhang - Director - IRTie Li - Executive Director & CFOTina Hou - Vice PresidentYan Xie - Chief Technology OfficerPaul Gong - Executive DirectorMing Hsun Lee - MD - Head of Greater China Auto ResearchConference Call ParticipantsTim Hsiao - AnalystYingbo Xu - Research AnalystJing Chang - AnalystOperatorHello, ladies and gentlemen. Thank you for standing by for Lee Auto's Second Quarter twenty twenty five Earnings Conferen ...

Li Auto (LI) Q2 2025 Earnings Call August 28, 2025 08:00 AM ET Speaker0Hello, ladies and gentlemen. Thank you for standing by for Lee Auto's Second Quarter twenty twenty five Earnings Conference Call. At this time, all participants are in listen only mode. Today's conference call is being recorded. I will now turn the call over to your host, Ms.Janet Zhang, Investor Relations Director of Li Auto. Please go ahead, Janet.Speaker1Thank you, Darcy. Good evening and good morning, everyone. Welcome to Li Auto's s ...