Core Viewpoint - Huawei is advancing its internal operations towards a fully integrated HarmonyOS ecosystem, aiming to enhance digitalization and intelligence within the company [1][2]. Group 1: Internal Implementation of HarmonyOS - Huawei has initiated a comprehensive push for HarmonyOS integration, with a decision made by the company's board to prioritize internal applications supporting HarmonyOS [1]. - The company has over 1 million devices, including mobile phones, PCs, and tablets, and more than 50,000 applications, making the transition to a new operating system complex [1]. - The internal implementation of HarmonyOS is seen as more complex than previous ERP system replacements, with a broad impact across the organization [1]. Group 2: Progress and Achievements - As of now, Huawei's mobile and tablet devices have fully transitioned to HarmonyOS, with significant capabilities achieved in document handling, meetings, emails, images, and videos [2]. - The company has developed strategies for internal HarmonyOS implementation, including optimizing applications and leveraging cloud-edge collaboration to reduce complexity [4]. Group 3: New Product Launches - Huawei introduced the new commercial computer, the Huawei Qingyun HM740, designed for government and enterprise markets, featuring a 2.8K OLED screen and a 21-hour battery life [5]. - The HarmonyOS Professional Edition has been released, providing enhanced IT management and security solutions for enterprises [5]. Group 4: Market Position and Competition - The launch of HarmonyOS-based products raises questions about Huawei's entry into the domestic "Xinchuang" market, where it previously used other operating systems [7]. - If HarmonyOS enters the Xinchuang market, it will compete with existing domestic operating systems like Tongxin and Kirin, potentially disrupting the current market landscape [9]. Group 5: Ecosystem Development - The success of HarmonyOS in broader markets hinges on building a robust ecosystem, with partnerships established with various companies to support HarmonyOS applications [11]. - As of December, over 1,500 devices, including keyboards and mice, have been adapted to support HarmonyOS, indicating a growing ecosystem [11].

Group 1 - Company Saisir (09927) saw a stock increase of over 3%, reaching 113.9 HKD with a trading volume of 168 million HKD [1] - On December 16, it was reported that Hongmeng Zhixing has partnered with the Shenzhen Transportation Bureau to initiate L3 conditional autonomous driving testing in Shenzhen, covering 1000 kilometers of high-speed roads [1] - The testing aims to validate the safety and maturity of the L3 system through real road and user data, providing practical evidence for the implementation of national L3 policies [1] Group 2 - Saisir is a core partner of Hongmeng Zhixing and a benchmark for the "Smart Selection Car Model," jointly creating the AITO brand, which is the first brand co-developed by both parties [2] - In November 2025, Saisir reported a total automobile production of 58,900 units, a year-on-year increase of 30.36%, and total sales of 58,100 units, a year-on-year increase of 36.34% [2] - From January to November 2025, the total automobile production reached 460,400 units, a year-on-year increase of 0.73%, while total sales were 453,100 units, a year-on-year decrease of 0.52% [2]

南方财经12月16日电，强瑞技术（301128.SZ）发布公告称，基于对三烨科技、维玺温控、维德精密及 国瑞自动化的投资，2026年度公司及子公司与关联方三维机电、东莞维善、三维装备、江丰自动化发生 日常关联交易，预计总金额不超过53,200万元。其中向三维机电销售产品预计45,000万元，采购600万 元；向江丰自动化销售1,000万元，采购5,000万元。 关联交易主要内容包括：三维机电将华为等客户散热器订单转单至三烨科技，收取2%管理费，并约定 排他性合作；标的公司与关联方按市场价格进行购销、外协加工及厂房租赁（含水电费）等业务，已签 署有效期至2026年9月30日的租赁合同。 ...

编者荐语： 日经中文网"开设了"日经BP精选"栏目。日经BP是日本经济新闻社媒体集团的一员，成立于1969年。作 为日本领先的B2B媒体公司，聚焦经营管理、专业技术及生活时尚三大主要领域。敬请读者关注。 以下文章来源于日经BP ，作者日经BP 华为正在通过自主 AI 半导体提高存在感（图片来源：日经 XTECH ） " 华为王国正逐步形成 " ， 一位专家这样分析称。展望 2026 年的中国半导体产业，将以华为为 中心加速自产化。在 AI 半导体方面，英伟达将迎来华为和新兴企业中科寒武纪科技等的挑 战。另一方面，中国的制造设备和材料距离最先进水平仍有差距 …… 从2026年的中国半导体产业前景来看，将以通信设备大企业华为（HUAWEI）为中心加速自产化。垄断 生成式AI（人工智能）半导体市场的美国英伟达（NVIDIA）的"阵地"将迎来华为和新兴企业中科寒武 纪科技的挑战。在美国的压力下，探索自主半导体供应链的中国企业或提高存在感。 美国最大银行摩根大通在2025年的预测中指出，华为和寒武纪的AI半导体出货量将在2026年总计超过 100万个。与有关2024年出货量的该公司预测相比增至2倍以上。 阅读更多内容请 ...

Q量子位 insights 2025年度 Al十六 超越波 QbitAl Annual Al TOP 10 Repo 2025 报告从基础设施、模型进化、应用版图、中国路线四个维度，梳理了2025年AI领域的十大核心趋势，展现了技术从算力基建到产业落地的全链条变革，凸 显中国在开源生态与自主可控路线上的崛起。 基础设施层面，算力基建化与芯片AI化成为核心支柱。全球科技巨头纷纷加码超大规模数据中心建设，谷歌"星际之门"、微软AI超级园区等项目投入超百亿 美金，中国"东数西算"工程与天地一体化算网布局同步推进。芯片领域正从通用计算转向AI原生架构，GPU仍是训练核心，NPU成为端侧标配，国产芯片通 过与自研模型、SDK的协同，已实现千亿级参数模型训练的自主可控，打破国外技术垄断。 模型进化聚焦效率与能力的双重突破。预训练架构创新成为关键，MoE混合专家模型凭借"大参数、小激活"特性平衡性能与成本，国内GLM-4.6、通义千问 Qwen3等模型均采用该架构并实现开源。推理能力升级催生自适应推理、异构计算协同等技术，多模态融合与物理世界交互能力凸显，具身智能成为热门赛 道，人形机器人开始进入工业与家庭场景，VLA模型 ...

东风汽车集团股份有限公司近期公告显示，今年1—10月，东风柳汽商用车销售量突破3.9万辆，同比增 长34%。 林长波指出，在供应链层面，东风柳汽强调协同创新推动轻量化战略落地。今年8月，东风柳汽与楚能 新能源签署动力电池联合开发协议，围绕高能量密度电池、轻量化结构、梯次利用与商用CTP等关键技 术展开合作。公司研发团队深入供应链一线，与广东正扬等核心供应商组建专项小组，推进材料替代与 工艺优化，实现"性能提升"与"成本控制"的双赢目标。 "东风柳汽将持续推动轻量化与节油优势转化为产品竞争壁垒。"他表示，东风柳汽正加速导入东风龙擎 发动机，并针对牵引车中长途运输、大单桥载货、环卫及搅拌车等多类场景，深化新能源产品布局，推 动甲醇增程、LNG增程及混动等技术的落地应用。 以智能化构建差异化优势 新华财经柳州12月16日电（记者刘旭阳何丰伦李唐宁）东风柳州汽车有限公司（下称"东风柳汽"）总经 理林长波近日接受新华财经记者采访时表示，在商用车领域，轻量化已超越单纯的技术指标，直接转化 为用户的经济收益。 构建"全生命周期成本"评估体系 林长波表示，东风柳汽正在构建"全生命周期成本"评估体系，将轻量化带来的效益量化呈现 ...

【#北汽集团明年一季度开展L3上路试点##L3版极狐采用华为乾崑智驾ADS系统#】12月15日，北汽集 团表示，计划于2026年一季度将以特定场景启动L3运营。"此次申报车型为极狐阿尔法S（L3工信部 版），搭载了包含3颗激光雷达在内的34颗高性能传感器。"北汽方面表示，目前北汽元境智驾技术体系 有Pro、Max、Ultra三种版本，其中Max版本使用400-600T算力，基于世界模型和VLA技术，可拓展至 L3级有条件自动驾驶；Ultra版本使用1000T以上算力，面向L4级无人驾驶出租车。（智通财经） ...

Report Summary 1. Report Industry Investment Rating No investment rating information is provided in the report. 2. Core Viewpoints The report presents a comprehensive overview of the overnight market trends, important macro - economic news, and developments across various sectors including futures (energy, metals, black - series, and agricultural products), financial markets (stocks, bonds, foreign exchange), and international news, which can help investors understand the current market situation and potential investment opportunities [5][10][29]. 3. Summary by Directory Overnight Night - Market Trends - Domestic platinum and palladium futures rose significantly on December 15. Platinum 2606 contract hit the daily limit with a 7% increase, and palladium futures rose 4.73% [5]. - International precious metal futures generally closed up, with COMEX gold rising 0.14% and COMEX silver rising 3.42% [6]. - Crude oil futures declined, with the US oil main contract down 1.32% and Brent crude down 1.16% [7]. - Most London base metals fell, except for copper and aluminum [7]. Important Information Macro - Economic News - The State Administration of Foreign Exchange emphasized maintaining the stable operation of the foreign exchange market and the basic stability of the RMB exchange rate in 2026 [10]. - The Shanghai Arbitration Commission is about to introduce the Shanghai Arbitration Commission Securities and Futures Arbitration Rules [10]. - The Shanghai Export Container Settlement Freight Index (European route) increased 0.1% as of December 15 [11]. - In November, housing prices in first - tier cities continued to decline, and the decline in second - and third - tier cities narrowed [11]. - A Fed official said the current policy stance is too tight, and inflation is expected to ease [11]. Energy and Chemical Futures - Shandong independent refineries' crude oil arrivals decreased by 58.57% week - on - week in the week ending December 15 [14]. - OPEC expects global energy demand to grow 23% by 2050, with oil remaining the largest single energy source [14]. Metal Futures - Nornickel doubled its nickel surplus forecast for this year and more than doubled the forecast for 2026 [16]. - The group standard for gold trade - in business was officially released [16]. - Guinea started the construction of an alumina plant, accelerating its transformation to downstream industrial processing [16]. - Indonesia's refined tin exports in November reached a two - year high [18]. - LME plans to set and implement position limits on key and related contracts from July 6, 2026 [18]. - Peru's copper, zinc, lead, and tin production increased in October [19]. Black - Series Futures - In early December, the daily output of key steel enterprises showed different trends, with crude steel increasing, and pig iron and steel products decreasing [21]. - Iron ore arrivals at Chinese ports increased from December 8 - 14 [21]. - Global iron ore shipments increased from December 8 - 14 [21]. Agricultural Product Futures - As of early December, the average cotton inventory usage days of surveyed textile enterprises decreased slightly, and the national cotton industrial inventory decreased slightly [24]. - Malaysian palm oil exports from December 1 - 15 decreased compared to the previous month [25][26]. - India's vegetable oil imports in November decreased compared to October, with different trends for different types of oils [26]. - US private exporters reported soybean and corn sales for the 2025/2026 season [26]. - US soybean exports to China increased in the week ending December 11 [26]. Financial Markets Financial - The CSRC outlined key reform directions for the capital market during the "15th Five - Year Plan" period [29]. - A - shares declined with reduced trading volume, and different sectors showed different trends [29]. - Hong Kong stocks also fell, and Xiaomi received net buying [29]. - Brokerage business turnover on the dragon and tiger list increased significantly this year [30]. - Institutions' enthusiasm for researching listed companies remained high in December [31]. - A - share cash dividends reached a record high this year [33]. - The Shanghai Arbitration Commission is about to introduce arbitration rules for securities and futures [33]. - HKEX is considering reforms on trading lot size and extending trading hours [33]. - A domestic GPU company will be listed on the A - share market, and another completed HK IPO filing [33]. Industry - China approved the first batch of L3 - level conditionally autonomous driving vehicles for commercial pilots [34]. - Several substances were added to the non - edible substances list [34]. - Some lithium iron phosphate enterprises proposed price increases [36]. - China is promoting 6G development and expects large - scale commercialization by 2035 [36]. - The 27th Harbin Ice and Snow World will open on December 17 [36]. Overseas - Multiple European countries and institutions plan to form a "multinational force" to support Ukraine [37]. - The nomination of the new Fed chairman candidate faces resistance [37]. - Fed officials expressed their views on the economy, inflation, and policy stance [37][38]. - The Bank of Japan may start selling ETFs next month [40]. International Stock Markets - US stocks declined slightly, and European stocks rose [41]. - NASDAQ plans to extend trading hours to 23 hours on weekdays [41]. - iRobot filed for bankruptcy and will be taken over by Yunjing Intelligence [42]. Commodities - Platinum and palladium futures in the domestic market rose sharply on December 15 [43][44]. - ICBC will close personal precious metal trading services for "three - no" customers [44]. - International precious metal futures rose, and crude oil futures fell [44]. - Most London base metals fell, and Goldman Sachs adjusted its copper price forecast [45]. Bonds - The domestic bond market weakened, and US bond yields showed mixed trends [46][47]. - South Korea extended its bond market stabilization plan [47]. Foreign Exchange - The on - shore RMB against the US dollar rose, and the US dollar index fell [48]. - Argentina will adjust its exchange rate mechanism and implement a foreign exchange reserve accumulation plan [48]. - South Korea's NPS will support the won exchange rate [50]. Upcoming Events - On December 16, there will be 1173 billion yuan of reverse repurchase maturities in the Chinese central bank's open market, and several conferences will be held [52]. - New stocks will be listed and a new stock will be available for subscription [52]. - The governor of the Bank of Canada will give a speech [52].

Core Viewpoint - The Ministry of Industry and Information Technology of China has officially granted conditional approval for the first batch of L3-level autonomous driving vehicles, marking a significant step towards the commercialization of L3 autonomous driving in the country [1][3]. Group 1: Regulatory Developments - Two L3 autonomous driving models, suitable for urban congestion and highway conditions, will be tested in designated areas in Beijing and Chongqing [1][2]. - The approval signifies a transition from "technical validation" to "mass production application" in China's autonomous vehicle industry [3]. - The approval process for L3 vehicles has been ongoing for over a year, with nine automotive companies identified for initial trials [3][4]. Group 2: Market Reactions - Smart driving concept stocks in Hong Kong saw a positive response, with notable increases in share prices for companies such as Youjia Innovation, Hesai Technology, and Suyuan Juchuang [1][2]. - The stock performance reflects investor optimism regarding the future of L3 autonomous driving and its market potential [1][2]. Group 3: Industry Insights - The approval of L3 vehicles is seen as a recognition of technological maturity and a response to societal expectations for smart mobility [3]. - The automotive industry is preparing for a significant increase in demand for L3 and L4 autonomous driving technologies, with expectations for broader implementation by 2025 and 2030, respectively [4][5]. - Key players in the automotive supply chain are gearing up for advancements in technology and compliance with new regulations [5]. Group 4: Company Highlights - Horizon Robotics is positioned as a leader in the advanced driver assistance systems market, providing both chips and algorithms [5][6]. - Black Sesame Technologies has developed high-performance computing solutions for autonomous driving and is collaborating with major automotive OEMs [6][7]. - Youjia Innovation has made strides in both mid-to-high level assisted driving and L4 autonomous driving solutions, securing multiple contracts [7].

12月15日，vivo正式发布了旗下S系列最新产品——vivo S50系列手机。在智能手机市场迎来年末密集发 布周期的关键节点，这款聚焦"轻薄影像旗舰"定位的新品，以全系标配大底潜望式长焦、高通8系旗舰 芯以及旗舰同款超声波指纹2.0旗舰三大件，加入年末中高端市场的激烈角逐。 当下，正值年末智能手机市场发布与消费的双重旺季。多家主流品牌选择在这一窗口期集中推出新一代 AI手机，新品将于本月集中亮相。 "年末往往是消费者换机需求最旺盛的时期。"第一手机界研究院院长孙燕飚在接受《证券日报》记者采 访时表示："厂商们此时集中发布重磅产品，既能抢占年终消费市场，也能为来年趋势定调。今年各品 牌普遍强化影像长板，正是希望通过这一最易感知的技术升级，在存量竞争中精准触达目标用户。" 这种竞争也预示着，未来手机创新将超越单纯的参数竞赛，走向计算摄影与光学硬件协同、软硬件深度 集成、并聚焦于真实场景体验的新阶段。 年末AI手机掀起消费热 据悉，12月份，除vivo外，华为、荣耀等主流品牌也将陆续推出nova15系列、荣耀GT2系列等多款新 品，形成一波密集的产品攻势。此前，三星已经推出了首款三折叠屏手机。这一波新机的共性在于 ...