Company Overview - Shenzhen Huada Beidou Technology Co., Ltd. (Huada Beidou) is a well-known provider of space positioning services in China, headquartered in Shenzhen, specializing in chips, modules, and related solutions supporting Beidou and other major GNSS systems [3] - The company ranks sixth globally in GNSS chips and modules market share by shipment volume, with a market share of 4.8% in 2024, and ranks eighth by revenue with a market share of approximately 1.1% among domestic companies in China [3] - Huada Beidou offers a comprehensive product portfolio, including self-developed GNSS chips and modules, as well as third-party sourced products, catering to various applications such as transportation, consumer electronics, and environmental monitoring [3][4] Financial Performance - In the fiscal years 2022, 2023, and 2024, Huada Beidou reported revenues of approximately RMB 698 million, RMB 645 million, and RMB 840 million respectively, with a projected revenue of RMB 335 million for the first half of 2024 and RMB 403 million for the first half of 2025 [5][6] - The company experienced losses in the same periods, with net losses of approximately RMB 92.6 million in 2022, RMB 289.1 million in 2023, and RMB 141.3 million in 2024, indicating ongoing financial challenges [6][7] Industry Overview - The global GNSS space positioning services market is expected to grow significantly, with a projected market size of RMB 22,863 billion in 2024 and a compound annual growth rate (CAGR) of 7.9% from 2024 to 2029 [8] - The growth is driven by advancements in artificial intelligence technology, the increasing demand for smart vehicles, and the expansion of low-altitude economies, which will enhance the demand for GNSS services [8] - The Chinese GNSS space positioning services market is projected to grow from RMB 4,407 billion in 2020 to RMB 5,476 billion in 2024, with a CAGR of 5.6%, supported by government initiatives and the integration of GNSS into the digital economy [16]

（原标题：【早知道】我国实现新一代光计算芯片研究新突破；智谱正式披露招股书） 人民财讯12月22日电，【摘要】国家网信办会同中国证监会深入整治涉资本市场网上虚假不实信息。 《互联网平台价格行为规则》印发。我国科学家实现新一代光计算芯片研究新突破。商务部：深化外商 投资促进体制机制改革，优化自由贸易试验区布局范围。我国首块L3级自动驾驶专用正式号牌颁发。 央行发布《金融机构客户受益所有人识别管理办法》。突破250亿元，2025年成中国影史动画电影票房 最高一年。智谱正式披露招股书，或将成"全球大模型第一股"。 ...

大家早上壕！ 先看海外要闻： 上周五美股反弹，道指收涨0.38%，纳指收涨1.31%，标普500收涨0.88%；甲骨文收涨6.63%、博通收涨3.18%、英伟达收涨3.93%、谷歌A涨 1.55%、特斯拉则收跌0.45%，Meta跌0.85%。 此外，美光科技收涨涨约7%，CoreWeave涨超22%，超威半导体、超微电脑涨超6%。 摩根士丹利有望牵头SpaceX IPO。 美军宣布35亿美元采购72颗导弹预警和跟踪卫星，是迄今为止美军低地球轨道星座最大一笔交易。 美国"星链"一颗卫星或爆炸失联。 高盛在最新报告中重申看涨黄金，预测金价将在2026年12月冲击每盎司4900美元历史新高。 国内重大事件汇总： 5、《互联网平台价格行为规则》印发，不得强制或者变相强制平台内经营者开通自动跟价、自动降价或者类似系统，平台经营者、平台内经营 者不得以低于成本的价格销售商品或者提供服务。 一周券商策略前瞻： 本周券商策略分析师对春季躁动依旧看好，随时或到来，只缺一个有效信号。 点评：国盛证券表示，商业航天是太空算力成立的核心成本变量，太空算力是商业航天释放价值弹性的关键应用场景，当前低轨与深空应用场景 正从"可行性验证 ...

12月20日，首块L3级自动驾驶专用正式号牌"渝AD0001Z"在重庆诞生，由重庆市公安局交通管理总队 正式授予长安汽车。 锐明技术：公司主要业务是商用车AI解决方案和视频设备，全球商用车视觉AI解决方案市占率第四。 在商用车领域有超过20年经验积累，定制化设计客户黏性高。 茂莱光学：公司主营精密光学器件、光学镜头业务，覆盖半导体、生命科学、无人驾驶及AR/VR检测 四大板块，其中自动驾驶客户包括谷歌旗下Waymo，半导体领域客户涵盖 KLA、Camtek 等全球半导体 核心公司。 智能化检测：直接受益于L3落地，检测需求大幅提升；感知层：L3需要更多数量的激光雷达、毫米波 雷达等传感器。 12月15日，工业和信息化部在第401批《道路机动车辆生产企业及产品公告》中，附条件许可全国首批 L3级有条件自动驾驶车型产品准入。L3落地已历经多阶段铺垫，发放准入许可意味着从测试阶段正式 迈向商业化应用阶段。 决策层：L3对高算力智驾芯片需求显著提升；执行层：方向盘解耦趋势下，线控转向迎来新机遇。 公司方面，据上市公司互动平台表示， 此外，国泰海通认为，L3 的出现，意味着打通了 L2 和 L4 的分界线。在 2024 ...

因旧金山于周六午后遭遇大范围停电事故，隶属Alphabet公司的自动驾驶技术公司 Waymo 已暂停其在 旧金山湾区的无人驾驶打车服务。 Waymo 发言人表示："受大范围停电影响，我们已暂时暂停旧金山湾区的打车服务。团队正与市政官员 密切协作、全力推进恢复工作，期待能尽快重启服务。感谢公众的耐心等待，后续进展将第一时间同 步。" 停电事故发生当日，社交媒体上流传的视频显示，多辆 Waymo 自动驾驶车辆在旧金山不同区域的道路 上抛锚停滞。 旧金山居民马特・斯库菲尔德称，当地时间周六晚 9 点 45 分左右，他看到至少三辆 Waymo 自动驾驶 车在道路上停驶，其中一辆的停靠位置位于特克大道靠近帕克大街的路段。 他回忆道："这些车就直接停在了马路正中间。" 据太平洋煤气电力公司（PG&E）通报，此次停电事故始于周六下午 1 点 09 分，约两小时后影响范围 达到峰值，共计波及约 13 万用户。截至周日上午，仍有 2.1 万用户处于断电状态，受影响区域主要集 中在普雷西迪奥地区、里士满区、金门公园以及旧金山市中心部分地段。 该电力公司表示，此次停电由一处变电站起火引发，事故造成了 "严重且大范围" 的设备损坏， ...

转自：成都日报锦观 港股迎来首家专注于商用车智能驾驶的上市公司 从C轮领投到港股上市 成都国资精准助力"第一股" 12月19日，希迪智驾科技股份有限公司（以下简称"希迪智驾"）正式在香港联合交易所主板挂牌上市， 股票代码03881.HK，成为港股首家专注于商用车智能驾驶的上市公司。 企业成功上市，背后有成都国资"耐心资本"的赋能，以及成都良好营商环境的加持。 以资本为纽带 引入产业链关键企业 多维度支持企业发展 "成都造"走向世界 以成都科创投集团为缩影，自希迪智驾落户成都以来，成都从股权融资、市场开拓、载体保障等多维 度，为希迪智驾打造全链条发展支撑体系。多维度支持，助力"成都造"走向世界。 今年上半年，2025成都—沙特工业合作对接会上，成都多家企业顺利签下数个合约，共计金额超50亿 元。其中，希迪智驾斩获21亿元大订单，约定交付7500台面向沙特阿拉伯、卡塔尔市场的高端定制重 卡，标志着"成都造"在中东高端市场实现重大突破。 如何发挥企业自身在智能驾驶核心技术方面的创新优势，与成都新能源汽车产业集群优势互补，促进新 能源汽车产业链创新链的深度融合，也是重要课题。 希迪智驾是国内最早同时研发自动驾驶和车路 ...

Group 1 - The National Development and Reform Commission, the State Administration for Market Regulation, and the National Internet Information Office have issued new rules prohibiting platform operators from selling goods or services below cost, aiming to maintain market competition order [4] - Platform operators and their internal operators are not allowed to set different prices for the same goods or services based on consumer data without their knowledge [4] - Consumers must be clearly informed about automatic renewal and deduction charges, including the timing, amount, and cancellation methods, allowing them to cancel at any time [4] Group 2 - General Motors has reportedly selected Sterling Anderson, former head of Tesla's Autopilot, as a potential successor to current CEO Mary Barra [7] - Anderson has significant experience in the autonomous driving field and aims to help transform General Motors from a manufacturing company to a technology company, focusing on the implementation of Level 3 autonomous driving [8] Group 3 - AMD has released its first document regarding the Zen6 architecture design, indicating a comprehensive overhaul rather than a minor upgrade from Zen4/5, specifically designed for high throughput [10] - The Zen6 architecture features eight wide instruction scheduling engines and continues to support simultaneous multithreading (SMT), although the consumer version's specific features and performance remain to be seen [10] Group 4 - The magazine "Computer Enthusiast," which has been influential in the tech industry since its inception in 1993, has officially ceased operations, marking the end of an era for a publication that covered various technology-related topics [12]

Core Insights - The article highlights the significant transformation of the Chinese automotive industry, emphasizing its shift from product export to establishing a global ecosystem, with a market share reaching 38% [1] - Key trends include the rise of smart driving technology, increased penetration of new energy vehicles, and a robust export growth, indicating a strong synergy between policy and market forces [1] Transformation - By 2025, the year is expected to mark a historic leap for smart driving technology, with new car sales featuring advanced driving assistance systems projected to exceed 5 million units, achieving a penetration rate of over 20% [2] - The cost of smart driving hardware has decreased by approximately 50% over two years, with companies like BYD successfully integrating advanced systems into lower-priced models [2] - Software advancements, particularly in large model technology, are expected to further reduce costs and enhance the availability of smart driving features in mid-range vehicles [2][3] Expansion - In 2025, China's automotive exports are anticipated to reach a record high, with 4.95 million vehicles exported in the first three quarters, reflecting a year-on-year growth of 14.8% [4] - The export model is evolving from merely selling vehicles to a collaborative output of technology, standards, and supply chains, enhancing the global competitiveness of Chinese automotive brands [5] Integration - The automotive industry is experiencing a wave of IPOs, with several companies successfully listing on the Hong Kong Stock Exchange, indicating a trend towards capitalizing on market opportunities [6] - Internal consolidation efforts are underway, with companies restructuring to create a more robust and efficient industry framework, moving away from fragmented operations [6] - The concept of "boundaryless cars" is emerging, with companies like Li Auto and XPeng exploring cross-industry innovations, such as AI integration and flying cars, redefining the automotive value chain [7] Future Outlook - The Chinese automotive industry is poised to transition from a follower to a leader in the global market, leveraging technological advancements and a strong export strategy to enhance its global presence [8]

Investment Rating - The report maintains a "Recommended" rating for the humanoid robot sector and the automotive industry [2][12]. Core Insights - The humanoid robot industry is accelerating from technology development to large-scale commercial application, with significant order growth from leading manufacturers [7]. - The first batch of L3 autonomous driving vehicles has received approval for conditional market entry, marking a critical step towards commercialization in China [10]. - The overall order volume for humanoid robots in 2025 is projected to exceed 30,000 units, with leading companies like UBTECH and UTree capturing significant market shares [6]. Summary by Sections Humanoid Robot Sector Market Performance - The Huaxin humanoid robot index fell by 1.47% this week, with a year-to-date return of 88.8% [21]. - The total order value for leading companies in the humanoid robot sector has surpassed 5 billion, with UBTECH's Walker series accounting for 1.3 billion [6][4]. Automotive Sector Market Performance and Valuation - The CITIC automotive index increased by 0.1%, outperforming the broader market by 0.4 percentage points [37]. - The automotive sector's PE ratio is at 31.8, positioned at the 36.4% percentile over the past four years, while the PB ratio is at 3.0, at the 96.3% percentile [54]. Industry Data Tracking - From December 1-14, the average daily retail of passenger vehicles in China decreased by 24% year-on-year, with total retail reaching 76.4 million units [60]. - The average price of rubber has increased, while prices for steel, copper, and aluminum have decreased [67]. Company Announcements - UBTECH has secured a strategic partnership with Texas Instruments, with total orders exceeding 1.3 billion [5]. - Moulding Technology has signed a procurement framework agreement for humanoid robot components, marking a significant step into the humanoid robot industry [74].

据新华社报道，12月20日，国内首块L3级自动驾驶专用正式号牌"渝AD0001Z"在重庆诞生，由重庆市 公安局交通管理总队正式授予长安汽车，标志着长安汽车在国内率先开启L3级自动驾驶时代。 果然财经 |划时代！ 国内首块L3级自动驾驶专用正式号牌诞生 大众报业·齐鲁壹点15:48 果然财经 |划时代！ 国内首块L3级自动驾驶专用正式号牌诞生 热门评论我要评论 微信扫码 移动端评论 暂无评论 鲁ICP备15022957号-13 鲁公网安备 37010202002220号 鲁新网备案号201000101 电信增值业务许可证： 鲁B2-20120085 齐鲁晚报·齐鲁壹点 版权所有(C) All Rights Reserved 联系电话：0531-82625462邮箱： 1790179766@qq.com ...