多资 J.P.Morgan NorthAmericaEquityResearch 11 June 2024 Tesla Inc Management Meeting Takeaways: Tesla IR Answers Our Questions About the Slowdown in Growth, Outlook for Next-Gen Models, Upcoming Shareholder Vote, Robo-taxi Strategy, & More Underweight TSLA, TSLA US Price (10 Jun 24).$173.79 PricerTarget (Dec-24): $115.00 series of meetings with investors in London in conjunction with the 2024 J.P Morgan European Automotive Conference. Kextakeaways include: (l) The next wave ofthe company 's growth will be led ...

下半年漫腺有辑显升，差小金类仍始化观，经济 表的内更低值低于提2单葡水择的在信条伴 的比为3了%，月份下降1个更分客历划在未来 我特主要体现在为减报 : ...

本次会议仅面向方证证券的专业投资机构客户或受邀客户第三方专家发言内容仅代表其个人观点所有信息或观点不构成投资建议根据监管规定会议不得交流敏感或内幕信息 未经方证证券书面许可任何机构或个人严禁录音制作纪要转发转载传播复制编辑修改等涉嫌违反上述情形的我们将保留一切法律权利感谢您的理解和支持谢谢 好各位尊敬投资者大家好然后呃低工经济今天今年呢从去年年底吧开始啊都是特别火热的一个词啊我们我们团队最早是去年的八九月份就当时是推的叫这个无人机物流啊应该是低工经济的前身啊当时我们就应该是比这个之前的政府报告还要早好几个月啊就就开始推这个低工经济相关的这个领域啊 所以主要原因呢就是当时就已经看到了明确的这个医用场景因为当时我们看到像比如顺丰啊像这个飞鹏啊啊等等的有一些中西部的这个呃这个无人机运输的这种跨城市的航线啊它的价经济价值就已经很高了因为你想这个对对于这个西部地区啊如果说能把那边的农产品 运出来啊或者有一些战略物资啊的运输可以无人机代替啊那显然比有人机的经济性会强非常多而且也可以去带动西部地区的这个发展啊所以当时是呃无人机呃这个丁凤经济前身其实就是这个无人机物流啊当时在推的 但是在去年年底的时候大家看到了低空经济正式开 ...

本次会议仅面向方证证券的专业投资机构客户或受邀客户第三方专家发言内容仅代表其个人观点所有信息或观点不构成投资建议根据监管规定会议不得交流敏感或内幕信息未经方证证券书面许可任何机构或个人严禁录音制作纪要转发转载传播复制编辑修改等 涉嫌违反上述情形的我们将保留一切法律权利感谢您的理解和支持谢谢各位尊敬的投资者大家好然后低空经济今年从去年年底开始都是特别火热的一个词我们团队最早是去年的八九月份当时是推的叫无人机物流应该是低空经济的前身当时我们就 应该是比这个之前的政府报告还要早好几个月啊就就开始推这个低温经济相关的这个领域啊这主要原因呢就是当时就已经看到了明确的这个应用场景因为呃当时我们看到像比如顺丰啊像这个飞鹏啊啊等等的有一些中西部的这个呃这个无人机运输的这种跨城市的航线啊他的价金价值就已经很高了因为你想这个 对于对于这个西部地区啊如果说能把那边的农产品运出来啊或者有一些战略物资啊的运输可以无人机代替啊那显然比有人机的经济性会强非常多而且也可以去带动西部地区的这个发展啊所以当时是呃无人机呃这个低空经济全身其实就是这个无人机物流啊当时在推的但是在去年去年年底的时候大家看到了低空经济正式开始出来了啊然后呃以及各个政府 ...

6.12会员早报：苹果暴涨近7%世界银行上调今 年全球经济增长预期 VIP会员 见闻vip06-1207 点评：昨天的苹果开发者大会和AI计划让苹果股价大跌，今天大涨仿佛主要是受益于公布 主营业务没前景了，改放高利 了ApplePay将提供信用卡和借记卡的分期贷款服务 贷 2、【世界银行上调今年全球经济增长预期】世界银行表示，之所以提高今年的预期，大 部分改善来自于该行将美国的增长前景从之前估计的1.6%上调至2.5%。 点评：世界银行实际上是在预期，美国的非法移民大潮仍将继续，拜登最新公布的边境控 制令只是“一纸空文” 一现在美国的经济增长一半以上可能都要感谢所谓的非法移民。详 见此前：美国非农已经不再"准确"背后的根本原因找到了！ 3、土耳其近日公布一项总统决定显示，土耳其决定对进口自中国的汽车征收40%的额外 关税，每辆车额外关税最低为7000美元，并将于7月7日开始实施。 4、【通用汽车下调电动汽车销量预测】通用汽车董事会批准新的60亿美元股票回购计 划，并将每股股息从0.09美元提高至0.12美元。因需求低于预期，下调今年电动汽车销量 预测。另外，通用汽车将向旗下自动驾驶汽车部门Cruise注资8. ...

Financial Data and Key Metrics Changes - The report emphasizes the importance of airworthiness certification as a cornerstone of civil aviation safety, with a focus on the continuous improvement of the airworthiness system in China [2][8][15] - The airworthiness certification process involves obtaining a Type Certificate (TC), Production Certificate (PC), and Airworthiness Certificate (CoA), with the TC being the most critical step [3][29][34] Business Line Data and Key Metrics Changes - The report highlights the progress in the airworthiness certification of eVTOL (electric Vertical Take-Off and Landing) aircraft, with specific projects like the EH216-S and V2000CG achieving significant milestones [4][43][45] - The airworthiness certification for eVTOLs is categorized into manned and unmanned types, with different regulatory frameworks applied [49][53] Market Data and Key Metrics Changes - The report notes that China is advancing in the global airworthiness certification landscape, particularly for eVTOLs, with a focus on establishing a comprehensive regulatory framework [4][47][49] - The comparison of international standards shows that while the EU has established specific standards for VTOLs, the US and China are still developing their frameworks [47][49] Company Strategy and Development Direction - The investment recommendation focuses on the low-altitude economy, particularly in manufacturing, services, and operations related to eVTOLs, with specific companies highlighted for potential investment [5] - The report suggests a positive outlook for the low-altitude economy, contingent on favorable policy developments and timely airworthiness approvals [5] Management's Comments on Operating Environment and Future Outlook - The management emphasizes the critical nature of airworthiness certification for ensuring safety and market entry for civil aviation products, reflecting a commitment to regulatory compliance and safety standards [2][8] - Future developments in the low-altitude economy are expected to hinge on the successful implementation of new regulations and the pace of airworthiness certification processes [5][49] Other Important Information - The report outlines the four-tier structure of China's airworthiness system, which includes laws, regulations, rules, and standards, indicating a robust regulatory framework [9][15] - The introduction of specific regulations for unmanned aerial vehicles (UAVs) is noted as a significant step in enhancing the airworthiness framework for this emerging sector [15][20] Q&A Session Summary Question: What are the key milestones in the airworthiness certification process for eVTOLs? - The report details the certification journey of the EH216-S, which took over three years to achieve its Type Certificate and subsequent Airworthiness Certificate, highlighting the complexity and duration of the process [45][46] Question: How does China's airworthiness certification compare to international standards? - It is noted that while the EU has established specific standards for eVTOLs, China is making significant progress but still lacks a unified standard, relying on case-by-case evaluations [47][49]

谢谢主持人 各位万泽的朋友 大家下午好我是天空之前研究所的光复我们近期是发了两篇关于技工经济的报告再次给大家做一个分享 两个部分第一个部分是技术设施圈技术设施圈我们主要是重点围绕技工经济对技术设施带来的一个释放空间和一个分享技工经济的发展历程 整体来说飞空经济主要是指1000米以下的空域按照高度可以划分为120米以下主要是消费级的无人机250米以下是工业级的无人机450到600米百人无人机600到3000的直升机的飞行空域也是有三个发展阶段最新就是2015年开始放开飞空的一个管制允许升飞机使用1000米以下的空域 也给行业带来了发展的一个新篇章那这个低空经济我们就从这个必要性的角度来说确实是一个非常大的一个产业也符合目前整个星际生产力的这样一个产业的这样一个需求低空经济整体的一个特征就是作为一个战略性的新型行业它的科技含量比较高矿泉要素集中材料也比较长涵盖了从前端的航空技术研发制造 然后技术设施的建设以及后端的服务保障的产业也有非常广泛的应用场景和比较广泛的下游应用从2010年开始基层经济逐步是被市场关注主要还是上升到了国家级的战略规划因为在2010年就写了一个政策工作报告也提起了要积极打造基层经济的新的增长 ...

更多资料加入知识星球：水木调研纪要 关注公众号：水木纪要 Goldman Economics Sachs Research 4 June 2024 I 2:31PM EDT Global Economics Comment: Reconciling Estimates of the Growth Impact of Generative Al (Briggs) baseline estimate implying a 15% increase in US labor productivity and GDP (assuming the capital stock evolves to match increased labor potential). Recent work by MlT economist Daron Acemoglu argues that the upside to productivity is much more limited, with a baseline 0.7% boost to total factor productivity and 1.1% boost to the ...

更多资料加入知识星球：水木调研纪要 关注公众号：水木纪要 Goldman Economics Sachs Research 5 June 2024 I 12:45PM EDT Canada Economics Comment: The BoC Cuts by 25bp in Line With Expectations 开报数据 BOTTOM LINE: The BoC reduced the policy rate by 25bp to 4.75% today, in line with our expectations, consensus, and market pricing, and decided to continue its policy of quantitative tightening. The statement acknowledged the improvement in activity indicators, although the economy is still seen as operating in excess supply The statement also n ...

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