谈到2026年的心愿，这些劳动者不约而同地都提到了三个字："多挣钱。" 2月27日上午，一辆悬挂"陇西－南京就业直通车"条幅的大巴，跨越1500多公里，历经20多个小时，载着52名务工人员安全抵达南京。 这辆大巴不是普通的大巴，是"春风行动"里的劳务输转专线，点对点地将陇西籍务工人员从"家门口"送到"厂门口"，务工人员全程免费，车上还配有驻厂工 作人员，负责途中管理和到达后的安置。 今年年初，人社部等九部门在全国范围内部署开展2026年春风行动暨就业援助季活动。在春节前后返岗复工关键期，各地积极组织包车、专列、包机，帮助 千万劳动者返岗就业，助力企业早开工。 新年开工第一天，第一财经记者前往甘肃省定西市陇西县，在劳务输出大省实地和"东行南下"的打工人聊了聊。就像大部分西部省份一样，外出务工是当地 群众增收的重要渠道。当谈到2026年的心愿时，这些劳动者不约而同地都提到了三个字："多挣钱。" 到东部去工资翻一番 44岁的张小兵是陇西县云田镇回岔村的村民，过去二十多年在老家种地或打零工，今年第一次登上了前往南京的大巴。 增收，是衡量就业质量的核心。陇西县劳务工作办公室主任李勇对第一财经记者表示，全县常住人口42. ...

炒股就看金麒麟分析师研报，权威，专业，及时，全面，助您挖掘潜力主题机会！ 文|新浪财经上海站 十里 马年首家A股上市公司落子常州。 2月26日，通宝光电在北交所挂牌，发行价16.17元/股，开盘报29.5元，盘中涨幅一度超过80%，市值突 破20亿元。站在敲钟现场的，是常州地方政府代表、保荐机构高管，以及公司董事长刘国学。对于这家 成立于1991年的企业而言，这是一次标准意义上的资本跃迁；但在资本叙事之外，更引人关注的，是其 鲜明的家族色彩。 招股书披露，截至签署日，刘国学、陶建芳夫妇及其子刘威合计持股比例超过七成，为公司控股股东及 实际控制人。发行后，三人合计仍持有59.06%的股份，控制权高度集中。刘国学任董事长，刘威任副 董事长兼总经理，陶建芳任董事，一家三口构成公司治理的核心结构。 | 姓名 | 亲属关系 | 任职部门 | 岗位 | | --- | --- | --- | --- | | 刘剑学 | 刘国学弟弟 | 行政部 | 厂区清洁管理 | | 姓名 | 亲属关系 | 任职部门 | 岗位 | | --- | --- | --- | --- | | 沈亚风 | 刘国学弟媳 | 生产制造部 | 包装工 ...

Core Insights - The domestic automotive chip industry is experiencing a surge in financing, with companies like NIO's chip subsidiary and others securing significant investments to accelerate the localization of automotive chips [2][3] - Capital is increasingly focused on advanced processes (14nm and below), AI computing chips, and high-end storage chips, indicating a shift from quantity accumulation to qualitative breakthroughs in domestic chip production [2][6] - The urgency for self-sufficiency in the automotive supply chain is driving this trend, supported by national policies and strategic directions [2][4] Financing Trends - NIO's subsidiary, Anhui Shenji Technology, raised 2.257 billion yuan in its first round of financing, with a post-investment valuation nearing 10 billion yuan [2] - Other significant financing events include Yanwei Semiconductor's nearly 700 million yuan A-round financing and Yuan Vision's over 300 million yuan A+ round financing [3] - State-owned enterprises and industrial funds are playing a crucial role in these financings, aiming to establish a self-sufficient chip supply chain [3] Technological Developments - Domestic automakers are accelerating the replacement of chips with self-developed alternatives, with Gree's chairman expressing ambitions for GAC Group to replace half of its automotive chips with Gree's chips [4] - By 2025, GAC Group and ZTE Microelectronics are set to launch the first domestically designed 16-core multi-domain integrated central processing chip [4] - The trend towards self-developed chips is seen as essential for maintaining competitiveness in the automotive industry [4] Market Dynamics - The capital landscape in the semiconductor sector is shifting towards high-end and core areas, with over 835 billion yuan raised in the integrated circuit industry from January 2025 to February 2026 [6][8] - The focus on advanced processes and AI computing chips is evident, with over 60% of large financing projects exceeding 1 billion yuan [6] - The ecosystem for chip production is gradually improving, with the establishment of a national-level automotive chip standard verification platform in Shenzhen [8] Future Outlook - The next 3 to 5 years are critical for the localization of automotive chips, with expectations for high-end driving chips and power chips to expand their market presence [9] - The ongoing investment and technological advancements are expected to enhance the global competitiveness of China's automotive industry [9]

Investment Rating - The report maintains an "Overweight" rating for the automotive industry, expecting the industry index to outperform the market index by more than 10% in the next six months [47]. Core Insights - The automotive sector has shown resilience, with the Shenyin Wanguo Automotive Index rising by 0.72% over the past two weeks, outperforming the CSI 300 Index by 0.56 percentage points. Year-to-date, the automotive sector has increased by 3.38%, also surpassing the CSI 300 Index by 1.28 percentage points [12][18]. - January saw a stabilization in automotive production and sales, with production at 2.45 million units (flat year-on-year) and sales at 2.436 million units (down 3.2% year-on-year). Exports, however, surged by 44.9% year-on-year to 681,000 units [20][28]. - The report highlights a positive outlook for the domestic automotive market post-Spring Festival, driven by new vehicle launches and government incentives for vehicle trade-ins [41]. Summary by Sections Automotive Industry Trends and Valuation Review - The Shenyin Wanguo Automotive Index has ranked 17th among 31 industries over the past two weeks, with a year-to-date performance ranking of 22nd [12][18]. - The automotive sector's current PE (TTM) stands at 27.05 times, with sub-sectors like automotive services at 33.60 times and automotive parts at 31.43 times [19][16]. Industry Data Tracking - In January, automotive production was 2.45 million units, with sales at 2.436 million units, reflecting a month-on-month decline of 25.7% and 28.3%, respectively. Exports reached 681,000 units, marking a 44.9% increase year-on-year [20][28]. Industry News - The China Association of Automobile Manufacturers reported a 32.1% month-on-month decline in sales of domestic passenger cars in January [28]. - New government policies in Henan and Fujian provide subsidies for vehicle trade-ins, with maximum amounts of 20,000 and 15,000 yuan, respectively [29][30]. - The Spring Festival saw record high usage of new energy vehicles, with charging sessions reaching 602.1 million times [31]. Corporate News - Geely Automobile announced a share buyback of 384,100 shares for approximately 63.12 million HKD [34]. - GAC Group has established a new robotics company, Huijun Technology, focusing on intelligent robotics [35]. - BYD has introduced a financing policy with low-interest rates for its vehicles, enhancing its market competitiveness [36]. Investment Recommendations - The report suggests focusing on companies like BYD and Seres, which are expanding in overseas markets, and those in the intelligent driving supply chain, such as Fuyao Glass and Joyson Electronics [41][42].

作者|张米 | [編纂]的[編纂]數目 : [編纂]股H股(視乎[編纂] | | --- | | 行使與否而定) | | [编纂]股H股(可予重新分配) [編纂]數目 .. | | [編纂]數目 .. [编纂]股H股(可予重新分配及 | | 視乎[编纂]行使與否而定) | | 最高[編纂] : 每股H股[編纂]港元,另加1.0%經紀 | | 佣金 · 0.0027%證監會交易徵費、 | | 0.00565%聯交所交易費及0.00015% | | 曾財局交易徵費(須於申請時以港元 | | 繳足,多繳股款可予退回) | | 面值 : 每股H股人民幣[编纂]元 | | [瑞寶] : 【禮憲】 | | 聯席保薦人 ·[編纂]·[编纂]· | | [编纂]及[编纂] | | (按英文字母排序) | | 4中级國際 BOCI (X) HSBC 华泰国际 | （来源：招股书） 在港股智能驾驶赛道风起云涌的当下，市场审视标的的准绳已悄然从单纯的"技术竞速"转向"商业化落 地"与"财务健壮度"。继去年10月向港交所递交上市申请后，苏州天瞳威视电子科技股份有限公司（以 下简称"天瞳威视"）近期动作频频，先后披露了多项业务合作，引 ...

2月26日，"2026年常州—上海经贸交流和创新合作活动周"客商新春交流会在上海举行。这是常州连续第20年在上海举办经贸交流活动。从产业创新到 区域协同，从经贸交流到人文交融，"沪联互通、常来常往"已成为长三角一体化背景下沪常合作共赢的生动注脚。 本次活动周期间，预计达成合作项目28个，投资总额超过194亿元。 王剑锋表示，常州将全面融入全国统一大市场建设，全力营造市场化、法治化、国际化一流营商环境，让每一个项目都能在常州投资安心、发展顺心。 诚挚欢迎更多上海企业和人才选择常州、深耕常州，共同书写长三角一体化发展新篇章。 常州市委书记王剑锋在致辞中表示，上海是改革开放前沿阵地、高质量发展标杆示范，"五个中心"建设动能强劲，持续引领长三角迈向世界级城市群。 常州作为长三角重要中心城市，近年来全方位服务和融入上海大都市圈，经济社会保持稳中有进、向新向优发展态势。 常州宣传部供图 2025年，常州实现地区生产总值近1.12万亿元、增长5.2%；一般公共预算收入715.5亿元，税收占比85.5%，高于全省平均8个百分点、居全省第一；工 业规模超2.2万亿元、全省第三，新能源产业开票突破万亿元，产业底座更加稳固。 面向 ...

此前我们分析了中国品牌在澳大利亚、以色列、新加坡等"关税友好"发达国家的销量表现，经过几年的持续增长，中国品牌2025年在以色列、新加坡的市场 份额都超过了30%，在澳大利亚也超过15%。 不过在更核心的西方市场，对进口自中国的汽车普遍实施了高额关税的壁垒，尤其是北美地区的美国和加拿大，中国在当地市场份额几乎可以忽略不计，而 在壁垒相对宽松一些的欧洲市场，中国品牌开辟市场存在较大困难，但也取得了一定的成绩。 今天我们就盘点一下欧洲市场的数据，看看2025年中国品牌啃下了当地多少市场份额。 01 欧洲整体市场 首先需要说明：这里我们说的欧洲，囊括了欧盟27国、EFTA四国和英国，总计32个国家，整体是全球经济、工业、人均生活水平最高的地区之一。 2025年的欧洲市场，新车销量总计达到1327.1万辆，同比增长2.4%。对于如此大规模的一个市场，2025年能取得整体正增长已经颇为不易。 | | | 2025年欧洲市场汽车品牌销量Top 10 | | | | --- | --- | --- | --- | --- | | 排名 | 品牌 | 領量 | 市场份额 | 同比 | | ר | 大众 | 1444194 | ...

1月，中国品牌轿车、SUV和MPV销量占有率分别为54.4%、74.1%和71.7%。与上月相比，中国品牌轿 车销量占有率明显下降，中国品牌SUV和MPV销量占有率小幅增长;与去年同期相比，中国品牌轿车销 量占有率下降，中国品牌SUV和MPV销量占有率呈不同程度增长。 商用车市场延续向好态势。1月，商用车产销分别完成38.8万辆和35.9万辆，环比分别下降6.8%和 15.6%，同比分别增长29.9%和23.5%。 新能源汽车市场平稳运行。1月，新能源汽车产销分别完成104.1万辆和94.5万辆，环比分别下降39.4% 和44.8%，同比分别增长2.5%和0.1%，新能源汽车销量达到汽车总销量的40.3%。在新能源汽车主要品 种中，与上月相比，三大类新能源汽车品种产销均呈不同程度下降;与去年同期相比，纯电动汽车产销 小幅增长，插电式混合动力汽车产量微增、销量小幅下降，燃料电池汽车产销呈不同程度下降。 重点企业(集团)销量方面，1月汽车销量排名前10位的企业(集团)共销售196.2万辆，占汽车销售总量的 83.6%。在汽车销量排名前10位企业中，与去年同期相比，上汽集团、吉利控股、东风公司、广汽集团 和长城汽车 ...

Core Viewpoint - The automotive wiring harness industry is experiencing stable growth driven by increasing demand for advanced automotive features and the ongoing trend of electrification and intelligence in vehicles [1][10]. Industry Overview - Automotive wiring harnesses are essential components that facilitate energy transfer and signal transmission within vehicles, categorized into main harnesses and small harnesses based on their functions [3][7]. - The industry is supported by a stable supply of raw materials, particularly copper, which is crucial for high-voltage harnesses due to its excellent conductivity [6][10]. Market Demand and Supply - The demand for automotive wiring harnesses is driven by the growing consumer need for advanced safety and comfort features, such as automatic emergency braking and voice recognition systems [1][10]. - By 2025, the production of automotive wiring harnesses in China is projected to reach 3.025 billion sets, with a year-on-year increase of 2.5%, while demand is expected to hit 2.414 billion sets, up 3.5% [10]. Market Size and Growth - The market size of the automotive wiring harness industry in China is anticipated to reach 139.19 billion yuan by 2025, reflecting a year-on-year growth of 4.2% [10]. - The demand for wiring harnesses in the new energy vehicle sector is expected to grow significantly, with the market size projected to reach 81.785 billion yuan by 2025, a year-on-year increase of 27.0% [11]. Competitive Landscape - The global automotive wiring harness market is dominated by major players from Japan and Europe, while Chinese companies are gradually entering the supply chain, particularly in the new energy vehicle segment [12]. - Key domestic companies include Luxshare Precision, Huagong Electric, and Yongding Co., which are gaining recognition for their capabilities in manufacturing and supplying wiring harnesses [12][13]. Development Trends - The industry is moving towards high-voltage and high-frequency transmission to meet the demands of electric and intelligent vehicles [15]. - There is a strong emphasis on lightweight materials to reduce vehicle weight and improve fuel efficiency, as automotive wiring harnesses contribute significantly to overall vehicle weight [16]. - Automation in production processes is expected to increase, enhancing efficiency and capacity in wiring harness manufacturing [18].

Investment Rating - The report maintains a "Positive" investment rating for the automotive and automotive parts industry [11] Core Insights - The report highlights a significant leap in the development of general artificial intelligence large models, with continuous breakthroughs in model scale, training paradigms, and reasoning capabilities, establishing a solid technological foundation for various AI applications. Intelligent driving, being an application of "physical AI," is evolving towards large models, marking a new phase of intelligent emergence [3][6] Summary by Sections Introduction: AI Empowerment, Intelligent Driving Enters the Large Model Era - The report discusses the rapid development of general artificial intelligence large models, emphasizing their role in enhancing intelligent driving through technological iterations [6][19] Emergence of General Large Model Capabilities - The AI large model era is characterized by the use of the Transformer architecture, exponential increases in computing power, and the accumulation of vast multimodal data, leading to critical breakthroughs in AI applications [7][21] Progression of Intelligent Driving Large Models - Intelligent driving has transitioned from rule-based models to end-to-end large models, gradually evolving towards VLA (Vision-Language-Action) and world models, enhancing deep reasoning and decision-making capabilities [8][50] Investment Recommendations - The report suggests that the continuous emergence of AI large model capabilities will accelerate the commercialization of high-level intelligent driving. Key recommendations include companies like XPeng Motors, BYD, and Geely in the vehicle sector, and Top Group and Bertelson in the parts sector [9]