凤凰网科技讯 12月24日，据数码博主"数码闲聊站"透露，OPPO旗下K Turbo系列新品的高配版本可能 将搭载一款名为"天玑9500s"的新处理器。该博主表示，新机核心配置预计仍为6.78英寸1.5K LTPS OLED直屏、5000万像素主摄、大容量电池以及内置主动散热风扇。另有消息称，该主动散热技术计划 向更多机型普及。 针对其他问题，该博主在评论互动中提到，目前未见到其他性能机型配备10000mAh电池；而对于小米 17 Ultra徕卡版的升级，他表示主要在影像方面，并指出普通版因硬件限制不支持相关功能。 ...

Core Insights - The average smartphone replacement cycle in China is projected to extend to nearly 33 months by 2025, a 40% increase compared to 2020 [3] - The Chinese smartphone market is entering an era characterized by consumers holding onto their devices longer, with many users still utilizing phones purchased 3-4 years ago [2][5] Group 1: Market Trends - The trend of consumers keeping their smartphones longer is leading to a significant decline in the sales of mid-range devices, particularly those priced between 3000-4000 yuan [19][26] - The second-hand smartphone market is experiencing growth, with projections suggesting that the transaction volume could exceed 100 million units in 2025 [22] - The iPhone remains dominant in the second-hand market, raising questions about consumer choices between new mid-range devices and older iPhone models [23] Group 2: Competitive Landscape - Huawei and Apple have begun to focus on cost-performance ratios, with Huawei's Mate 80 series seeing price reductions, and Apple's iPhone 16 Pro also experiencing price drops [7][10] - Xiaomi has innovated with features like a back screen on its flagship models, which has helped it stand out in a crowded market [11][31] - The competition among domestic brands is intensifying, with a shift towards marketing strategies to maintain relevance in the high-end market [13][17] Group 3: Product Development - The flagship models from major brands like Xiaomi, OPPO, and Vivo show minimal changes in core hardware specifications, with the most significant improvement being battery capacity [15] - The design of flagship smartphones is increasingly homogenized, with many models adopting similar aesthetics, particularly straight edges reminiscent of the iPhone [14] - The introduction of the fifth-generation Snapdragon 8 processor for mid-range devices is aimed at maintaining sales, despite the lack of differentiation from flagship models [24][25] Group 4: Future Outlook - The smartphone market is expected to become more chaotic in 2026, with potential price increases for brands unable to compete effectively [28][30] - Companies are exploring diversification beyond smartphones, with Xiaomi venturing into automotive and AI products, while OPPO is developing new camera technologies [32]

Core Viewpoint - The article discusses the challenges and risks associated with using foldable smartphones in low-temperature environments, particularly in Northeast China, highlighting the fragility of these devices under such conditions [4][10][31]. Group 1: Foldable Smartphone Performance in Cold Weather - Foldable smartphones are not recommended for use in low-temperature regions, as they can become brittle and prone to damage [8][10]. - The article emphasizes that the performance of foldable screens deteriorates significantly in cold weather, with manufacturers advising against usage below certain temperatures [31][36]. - Specific temperature recommendations from manufacturers vary, with Samsung stating its foldable OLED screens can withstand -20°C, while others like OPPO suggest a minimum of 0°C [35][36]. Group 2: Technical Explanation of Screen Fragility - The article explains that the materials used in foldable screens, particularly OLED, become less flexible and more brittle at low temperatures, leading to potential screen damage [20][27]. - The concept of "glass transition temperature" is introduced, indicating that materials can become hard and fragile when temperatures drop below a certain threshold [17][18]. - The structural differences between OLED and traditional LCD screens are highlighted, noting that OLED screens lack the liquid crystal components that can leak when damaged [20][22]. Group 3: Recommendations for Users - Users are advised to avoid folding or opening their devices in cold conditions and to keep them warm, either through body heat or heating sources [30][31]. - The article suggests that while some manufacturers have conducted low-temperature tests, extreme cold (below -30°C) poses significant risks to foldable devices [31][37]. - It is recommended that users refrain from using foldable smartphones in extremely cold environments, such as those found in regions like Mohe, until advancements in low-temperature technology are made [38].

Key Points - Segment Yongping is reportedly leading a restructuring of car manufacturing involving OPPO and vivo, but Zhontai has denied any current collaboration [4][5] - The US has placed DJI on a controlled list, prompting responses from both the Chinese government and DJI, emphasizing the need for fair market conditions [6][7] - Kuaishou's live streaming feature faced a cyber attack, resulting in a market value loss of over 10 billion HKD, but services have gradually resumed [8][10] - ByteDance has secured exclusive AI cloud cooperation for the Spring Festival Gala, indicating a significant marketing investment [10][11] - JD.com has confirmed the recovery of operations after a theft incident in France, where over 50,000 electronic devices were stolen [12][13] - Weichai has seen a high turnover of CEOs, with the latest CEO stating that the changes are due to internal pressures rather than dismissals [18][19] - BYD's sales in Europe surged by 235% year-on-year in November, while Tesla's sales dropped by over 34% [37][38] - Apple is restructuring its AI team to enhance the Siri experience for the upcoming iPhone 17, focusing on a more integrated approach [34][35] - Qualcomm's CEO announced a significant transformation in smartphone computing architecture expected to be revealed in 2026 [45]

Core Insights - The Central Economic Work Conference emphasizes the importance of innovation-driven development and the establishment of international technology innovation centers in regions like the Guangdong-Hong Kong-Macao Greater Bay Area, which is a key driver for high-quality economic growth in China [1] Group 1: Innovation and Industry Development - The Guangdong-Hong Kong-Macao Greater Bay Area has developed a complete industrial system covering 31 manufacturing categories and has nurtured nine trillion-yuan-level industrial clusters, including emerging industries like new energy vehicles and artificial intelligence [1] - The "Shenzhen-Hong Kong-Guangzhou" innovation cluster ranked first globally in the World Intellectual Property Organization's 2025 Global Innovation Index Report, highlighting the global impact of the Bay Area's innovation [1] Group 2: Collaborative Innovation - The microcapsule technology developed by Hong Kong University of Science and Technology is being applied in various industries, showcasing the collaborative innovation ecosystem in the Greater Bay Area [3][4] - Guangdong has established 10 national major scientific and technological infrastructure projects, including five in the Greater Bay Area, and has created two national laboratories and 45 national key laboratories [4] Group 3: Automotive Industry and Supply Chain - The automotive supply chain in the Greater Bay Area is characterized by rapid response capabilities, with local suppliers like Guangdong Bojun Automotive Parts Co., Ltd. able to meet urgent production needs within hours [7][8] - The region has over 100 new energy vehicle and automotive parts companies, forming a comprehensive industrial landscape that includes vehicle manufacturing, key components, and charging facilities [8][9] Group 4: Smart Manufacturing - The digital transformation of manufacturing in Guangdong has led to significant efficiency gains, with over 5.1 million industrial enterprises adopting digital technologies [10][12] - OPPO's smart manufacturing platform is evolving to enable real-time monitoring and management of global factory operations, reflecting the integration of AI in manufacturing processes [12] Group 5: Research and Development in Brain-Machine Interfaces - The establishment of the Brain-Machine Interface Innovation Industry Alliance aims to position the Greater Bay Area as a global hub for brain-machine interface technology [13][14] - The research conducted at the Guangzhou-based laboratory focuses on non-invasive brain-machine interface technology, enhancing the quality of life for individuals with mobility impairments [13][15]

Core Viewpoint - The 2026 Future Industries New Materials Expo (FINE 2026) aims to showcase innovations in new materials that are crucial for the transformation of high-tech industries and to facilitate collaboration and resource integration within the sector [4][8]. Group 1: Event Overview - FINE 2026 will take place from June 10 to June 12, 2026, at the Shanghai New International Expo Center, featuring over 50,000 square meters of exhibition space and more than 300 strategic and cutting-edge technology reports [10][11]. - The expo is a significant upgrade from previous events, including the 10th International Carbon Materials Industry Expo and the 7th Thermal Management Industry Expo, focusing on the future industry's common needs such as advanced semiconductors, advanced batteries, lightweight materials, low-carbon sustainability, and thermal management [7][8]. Group 2: Market Opportunities - The rapid growth of industries like new energy vehicles, photovoltaics, wind power, and lithium batteries presents substantial market opportunities for new materials [14]. - The Chinese government has identified key areas for breakthrough in its 14th Five-Year Plan, including embodied intelligence, 6G, quantum technology, and hydrogen energy, which are expected to drive demand for innovative materials [14]. Group 3: Exhibition Highlights - FINE 2026 will feature six specialized thematic exhibition areas, including advanced semiconductors, advanced batteries, lightweight materials, thermal management technologies, new materials technology innovation, and future industry innovation enterprises [18][21]. - The event is expected to attract over 100,000 professional visitors and will include 30+ forums with more than 300 renowned experts and scholars sharing insights on technology trends and investment strategies [24][34]. Group 4: Networking and Collaboration - The expo will facilitate the transformation of scientific achievements and help enterprises connect with industry funds, government parks, and project resources, thereby accelerating innovation in the new materials sector [8][34]. - FINE 2026 aims to invite over 5,000 end-users and quality investment institutions for direct order and cooperation discussions, enhancing opportunities for startups [17][34].

Group 1 - Geely and Zeekr have completed their merger, and management adjustments have been finalized, with key personnel now in place [2] - Li Donghui serves as Vice Chairman of Geely Holding Group, overseeing daily management and investment [2] - An Conghui is appointed as CEO of Geely Holding Group, responsible for overall operations [2] - Gui Shengyue continues as CEO of Geely Automobile Holdings and Executive Director [2] - Gan Jiayue is the CEO of the merged Geely Automobile Group and remains an Executive Director [2] Group 2 - Rumors suggest that Duan Yongping will lead OPPO and Vivo in a partnership with Zotye Auto for vehicle manufacturing, but Zotye has denied any current collaboration [2] - The new Weipai Blue Mountain smart hybrid SUV has been launched at a promotional price starting from 275,800 yuan, featuring advanced voice control and intelligent four-wheel drive technology [2] - Porsche China announced the gradual shutdown of its self-built charging network, consisting of approximately 200 stations, starting March 1, 2026, and will shift focus to partnerships with leading charging operators [2]

Report Summary 1. Report Industry Investment Rating The provided content does not mention the industry investment rating. 2. Core Viewpoints of the Report - The development of 6G is an inevitable trend, and countries are actively involved in its R & D. Satellites, as the aerospace infrastructure in the 6G era, will drive a new round of network construction capital expenditure. The commercial aerospace industry has achieved a closed - loop in the entire industrial chain, and the number of direct - connected satellite mobile phone users is expected to increase significantly [4][9]. - The Guozheng Commercial Satellite Communication Industry Index has high - quality characteristics that support high R & D investment in satellite communication. Since 2024, it has outperformed comparable indices under the background of developing new - quality productivity [4]. - The Yongying Guozheng Commercial Satellite Communication Industry ETF (159206) is a highly scarce product. Compared with comparable ETFs, it has the largest scale [3][61]. 3. Summary by Relevant Catalogs 3.1 Satellite Communication - **6G R & D and Global Competition**: With the 5G pattern settled, countries are actively competing for the right to speak in 6G. China started 6G forward - looking R & D in 2019 and launched the world's first 6G satellite in 2023. Many countries and regions around the world have also carried out 6G R & D activities [9]. - **Satellite Internet Industry Clusters**: In China, satellite internet industry clusters are blooming in multiple locations across the country. Beijing and Shanghai have comprehensive industrial clusters, while Sichuan and Chongqing cover core supporting and application of the satellite industrial chain. Hainan and Shandong cover commercial space launches [12]. - **6G - Driven Network Construction**: In the 6G era, satellites will combine with ground networks to form a space - ground integrated communication network. With the issuance of satellite internet licenses by the three major operators in 2025, 6G is expected to drive a new round of network construction capital expenditure [15]. - **6G Vision and Features**: The 6G vision framework proposal was passed in June 2023. The 6G development is divided into three stages, and it defines six scenarios and four design principles. 6G is expected to have three characteristics: space - air - land - sea integrated communication, human - machine - thing intelligent interconnection, and the blurring of the boundaries between the real physical world and the virtual digital world [20][22]. - **Commercial Aerospace Development Status**: China's first commercial launch site (Hainan Commercial Launch) completed its first launch mission in November 2024, achieving a closed - loop in the entire commercial aerospace industrial chain. Rocket carrying capacity is continuously increasing, and constellation networking is accelerating. The number of direct - connected satellite mobile phone users is expected to reach 350 million by 2030 [23][24]. 3.2 Guozheng Commercial Satellite Communication Industry Index - **Index Compilation Method**: The index selects 50 listed companies' securities from the A - share market whose business involves commercial satellite manufacturing, launch, operation, and satellite ground equipment and communication services. The weight of samples related to commercial satellite manufacturing and launch should be no less than 50% in total, and the index is adjusted semi - annually [25][27]. - **Weight and Market Value Distribution**: The index's weight is concentrated in the top ten component stocks, and the heavy - weight stocks are mostly from the communication equipment and defense military - electronics industries. The average free - floating market value of the component stocks is 14.32 billion yuan, and the average total market value is 25.716 billion yuan. In December 2025, about 12% of the positions, a total of 9 stocks, were removed and 9 new stocks were included [28][32][40]. - **Industry Characteristics**: In the index's component stocks, 20 stocks belong to the defense military industry, with a weight of 50.04%, and 9 stocks belong to the electronics industry, with a weight of 23.19%. The satellite industry is expected to enter an accelerated development stage with the support of relevant policies [42][45]. - **Fundamental Characteristics**: The index attaches great importance to R & D investment, and its R & D investment ratio is higher than that of the CSI Military Industry Index. In terms of profitability, the ROE of the Guozheng Commercial Satellite Communication Industry Index reached 6.74% at the end of 2024, which is close to the CSI 500 Index and far exceeds comparable indices [46][49]. - **Investment Value Analysis**: Since 2024, the index has shown excellent performance. It is more adaptable to the small - cap rebound environment. As of December 17, 2025, the index has risen by 63.78% cumulatively, outperforming comparable indices and representative broad - based indices, and its risk - adjusted returns (Sharpe and Calmar) are also outstanding [53][56]. 3.3 Yongying Guozheng Commercial Satellite Communication Industry ETF (159206) - **Basic Information**: The ETF was officially established on March 6, 2025, and listed on March 14, 2025. Its current fund manager is Liu Tingyu. It closely tracks the underlying index and aims to minimize the tracking deviation and tracking error [3][60]. - **Product Scarcity and Scale Advantage**: As of December 18, 2025, it is the only ETF tracking the Guozheng Commercial Satellite Communication Industry Index, with a high degree of scarcity. Its scale reaches 3.186 billion yuan, exceeding the total scale of comparable ETFs tracking the CSI Satellite Industry Index [3][61]. 3.4 Fund Manager and Fund Manager Information - **Fund Manager Introduction**: Yongying Fund Management Co., Ltd. was established in November 2013. As of the third quarter of 2025, its net asset value excluding money funds and short - term wealth - management bond funds was 428.944 billion yuan. It manages 15 ETF products, with a cumulative management scale of 27.808 billion yuan [63]. - **Fund Manager Introduction**: Liu Tingyu has 6 years of securities - related work experience. He currently manages 16 products, with a total scale of 23.53 billion yuan [64].

来源：超电实验室 责任编辑：刘万里 SF014 来源：超电实验室 责任编辑：刘万里 SF014 ...

凤凰网科技讯12月22日，据法媒披露，位于法国巴黎北部塞纳-圣但尼省杜尼市(Dugny)的一处仓储设施 日前遭遇大规模盗窃。该仓库由中国电商企业京东相关公司运营，事发时间为当地时间周日夜间至周一 清晨。 调查显示，仓库内部的视频监控系统在案发期间被人为破坏，报警系统当晚亦未正常运行。目前，执法 人员正调取并分析仓库外围的监控画面，以还原作案过程及嫌疑人行动轨迹。 法国司法部门已就此案立案调查，案件性质被定性为有组织盗窃、销赃以及结伙犯罪，并由当地打击有 组织犯罪的专业警力接手处理。相关调查仍在进行中。(作者/于雷) 据法国《巴黎人报》及franceinfo援引知情人士消息，共有50,456件电子产品被盗，包括智能手机、平板 电脑、笔记本电脑及部分耳机，涉及荣耀与OPPO两个品牌。其中，约90%为手机、电脑及平板设备， 其余为耳机类产品。初步估算，此次损失金额约3700万欧元(约合人民币3.06亿元)。 警方披露，事发仓库位于杜尼市rue de la Luzernière街区。工作人员在周一早晨发现仓库大门异常开 启，多处入口被破坏，经清点后确认约30个托盘货物不翼而飞。 ...