Core Insights - The event "Intelligent Connectivity Without Boundaries: Collaborative Empowerment - 2025 Intelligent Connected Industry Innovation and Investment Salon" focused on key topics in the intelligent connected vehicle industry, including smart driving, vehicle-road-cloud collaboration, and intelligent cockpit development, discussing technological bottlenecks and breakthrough paths [1] - The Shunyi District government has established a 10 billion yuan investment guidance fund to support the development of the intelligent connected new energy vehicle industry, with plans to enhance collaboration and innovation in the region [1] - Prologis aims to leverage its extensive experience in the automotive industry to drive industrial upgrades through innovative infrastructure services, facilitating high-quality development in the regional intelligent connected vehicle sector [1][2] Company and Industry Summary - Prologis provides comprehensive asset management services, including strategic site selection, asset acquisition, development, operation management, operational improvement, and capital exit, supported by a team of over 500 professionals [2] - The company has served over 3,000 enterprise clients across various key industries, including intelligent connected vehicles, enhancing supply chain efficiency and value growth [2] - Investment institutions and technology companies focused on intelligent manufacturing engaged in in-depth discussions on technological innovation and market opportunities during the event [2]

党的"二十大"明确提出，国家要推动战略性新兴产业的发展，构建新一代的信息技术、人工智能和新能源企业新增长引擎。深圳市作为新能 源汽车领域的排头兵，正加快建设世界一流汽车城。在此背景下，6月28日，由深圳市汽车电子行业协会主办的主题为："AI赋能、守正创新，共 建全球汽车智能生态链——IAEIS 2025第十四届国际汽车电子产业峰会"在深圳召开。来自整车、头部零部件企业的企业代表与众多专家学者齐聚 一堂，围绕产业发展、技术革新等热点议题展开深入交流和讨论，共议智能网联汽车发展新机遇与新挑战。 推动汽车电子产业创新升级 深圳市宝安区人民政府副区长张东雁表示，作为深圳打造新一代世界一流汽车城的重要支撑，宝安已集聚900余家汽车产业链企业，孕育出法雷奥、 欣旺达、航盛电子等一批汽车电子龙头企业及专精特新"小巨人"企业。从上游电力电池、电极电控，到中游智能驾驶舱，再到下游出行、物流服务等，宝 安在产业规模、链条深度及完整性上均具备显著优势。 当前，宝安区正从汽车电子产业集聚迈向创新的跨越，坚持制造业当家，建设世界级深圳智造城，加速构建智能终端+高端装备+汽车电子的先进制 造业体系。宝安投资了29亿元建设一个44万平方米 ...

俏皮的绿色车身上，印有白色的高山流水图案，还有"武汉配送""汉阳知音"等字样…… 6月30日，全国首辆搭载"AI大脑"的外卖配送车——智音车，在武汉市汉阳区首发，全国首个 即配专用号牌管理系统同步发布。 汉阳区委社会工作部负责人介绍，该车加装北斗双频芯片，实现人车绑定智能管理，具有身份 识别、自动降速、优化路线、全程可溯等多个功能，是继汉阳区推出"小哥码"之后，破解外卖 小哥"进门难"的又一科技创新之举。 小哥一天多送约20单 当天12时许，正是点单高峰时间，美团"90后"外卖小哥唐小松，接到一份来自汉阳区招商公 园1872御府小区的订单后，立即到商家取餐并赶往小区。 "备案小哥送餐中，请开门。"当唐小松骑车来到小区大门口，智音车自动播语音、开双闪、降 车速，随后，小区保安第一时间为其刷卡开门。 时间记录显示，从骑车进入小区，到送餐后出小区，唐小松完成这一单仅用了6分钟，而原来 则至少需要10分钟。 "送餐快，还方便。"唐小松是一位河南小伙，今年4月刚来武汉，之前曾在多个城市从事过外 卖配送的工作，他说，很多小区不让外卖小哥骑车进入，为了避免订单超时，他们只能连走带 跑，即使是允许进入的小区，也得填登记表、押 ...

Core Insights - The company is the first state-owned enterprise to provide comprehensive urban transportation solutions, focusing on smart urban transportation products and technology for construction and operation [1] - The company aims to enhance urban transportation efficiency by 20%-30% and reduce investment costs by over 20% through its services [1] - The company has established a systematic technology product framework centered on intelligent networking, which is expected to play a leading role in the future urban transportation system [1] Company Competitiveness - The company has developed a city-level digital twin platform and the TransPaas platform, which supports over 15 categories and 2100+ traffic twin data connections [2] - The digital twin platform encompasses 15 major categories and over 3000 standardized traffic data assets, enhancing the company's core competitiveness [2] - The company has created a comprehensive digital application platform covering the entire lifecycle from planning to operation, significantly broadening its product range [2] Financial Performance - In 2024, the company reported revenue of 1.316 billion yuan, a decrease of 7.26%, and a net profit of 106 million yuan, down 34.74% [3] - The company signed new contracts worth 2.58 billion yuan in 2024, a year-on-year increase of 49%, with new business accounting for over 67% of total contracts [3] - The company is experiencing a temporary revenue decline during its transformation phase, but losses are narrowing [3] Low-altitude Economy Development - The company is positioned as a key player in Shenzhen's low-altitude economy, with plans for large-scale infrastructure construction expected to begin soon [4] - Shenzhen aims to establish over 1000 low-altitude takeoff and landing points by 2025/2026, supported by national policies and financial backing [3][4] - The company has launched several core products to support the low-altitude economy, enhancing its operational capabilities across the entire value chain [4] New Product Development - The company has established a city-level "Vehicle-Road-Cloud" smart supervision network and is a key technical support unit for integrated pilot city construction [5] - It has developed a management and scheduling platform for functional unmanned vehicles, with over 200 units deployed for urban logistics [5] - The company is also advancing in virtual power plants and computing power construction, with significant projects underway [5] Future Outlook - The company is transitioning to a product-oriented and platform-oriented technology firm, with expected revenue growth from 2.035 billion yuan in 2025 to 3.489 billion yuan in 2027 [6] - The net profit is projected to increase from 227 million yuan in 2025 to 467 million yuan in 2027, with a decreasing price-to-earnings ratio [6] - The company is well-positioned to benefit from the upcoming infrastructure orders in the low-altitude economy sector [6]

碳酸锂产业日报 2025/6/26 免责声明 本报告中的信息均来源于公开可获得资料，瑞达期货股份有限公司力求准确可靠，但对这些信息的准确性及完整性不做任何保证，据此投资，责任自负。本报告不构成个人投资建 议，客户应考虑本报告中的任何意见或建议是否符合其特定状况。本报告版权仅为我公司所有，未经书面许可，任何机构和个人不得以任何形式翻版、复制和发布。如引用、刊发， 需注明出处为瑞 达研究瑞达期货股份有限公司研究院，且不得对本报告进行有悖原意的引用、删节和修改。 | 项目类别 | 数据指标 | 最新 | 环比 | 数据指标 | 最新 | 环比 | 主力合约收盘价（日，元/吨） | 61,500.00 | +620.00↑ 前20名净持仓（日，手） | -43,179.00 | +1633.00↑ | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 主力合约持仓量（日，手） | 345,216.00 | -5190.00↓ 近远月合约价差（日，元/吨） | 200.00 | -180.00↓ | 期货市场 | 广期 ...

Group 1: Core Insights - Wei Long Wei Wei (9985.HK) is a leading player in the Chinese spicy snack food industry, having established competitive barriers through over 20 years of experience and strategic supply chain and brand management [3][4] - The company has successfully transitioned from traditional production to modern food manufacturing, achieving significant brand value enhancement through marketing strategies and product upgrades since 2010 [3][4] - The core management team is stable, and the company has implemented an efficient operational mechanism supported by external talent and multi-level incentive systems [3] Group 2: Product Development - The company is upgrading its classic spicy snack products while introducing new flavors and packaging to enhance price points and meet diverse consumer preferences [4] - The konjac snack segment is expected to see explosive growth, with a projected 59% year-on-year increase in vegetable products in 2024, driven by health-conscious consumer trends and effective marketing strategies [4][6] Group 3: Channel Strategy - The company has a robust multi-channel strategy, achieving significant growth in both traditional and emerging channels, with a notable increase in the number of sales points from 12,100 in 2022 to 433,000 by the end of 2024 [5] - Online sales channels, including Tmall, JD, and Douyin, have shown positive growth, with Douyin's revenue increasing by 160% year-on-year in 2024 [5] - The company has initiated overseas market trials in Southeast Asia, indicating a strategic move towards global expansion [5] Group 4: Future Outlook - The konjac snack segment is anticipated to become a major product line, with the company holding a 70% market share in the konjac snack category and 42% in the overall konjac snack industry by 2024 [6] - The company is expected to continue innovating and expanding its product lines beyond spicy snacks and konjac, with a focus on improving profitability through cost efficiency and product structure optimization [6][7] Group 5: Financial Projections - The company is projected to achieve revenues of 7.858 billion, 9.346 billion, and 10.755 billion yuan from 2025 to 2027, with net profits of 1.372 billion, 1.697 billion, and 2.008 billion yuan respectively [7][8] - The earnings per share (EPS) are expected to rise from 0.56 yuan in 2025 to 0.83 yuan in 2027, with corresponding price-to-earnings (PE) ratios decreasing from 22.4x to 15.3x [7][8]

Core Insights - Shenzhen has nearly 300 functional autonomous vehicles on the road, leading the nation in operational density [1] - The number of autonomous vehicles is expected to exceed 1,000 by the end of the year [1] Industry Summary - The Shenzhen Intelligent Connected Transportation Association reports significant growth in the deployment of autonomous vehicles [1] - The city is positioning itself as a leader in the autonomous vehicle sector within China [1]

Core Insights - The term "unicorn enterprises" refers to companies established within the last 10 years, valued over $1 billion, and possessing unique core technologies and competitive advantages. The Chinese government has expressed support for the development of these enterprises in its 2025 work report [1][28] - As of 2024, China has 372 unicorn enterprises, accounting for nearly 40% of the global total, with significant concentration in Beijing, Guangdong, Shanghai, and Jiangsu [3][29] - The report indicates that unicorn enterprises are increasingly emerging in new consumption sectors, driven by policies that enhance the consumption environment and stimulate market potential [17][25] Industry Overview - Unicorn enterprises are primarily concentrated in high-tech sectors such as artificial intelligence, autonomous driving, and clean energy, with over 70% of them belonging to these fields [16][30] - The commercial aerospace sector has seen rapid growth, exemplified by companies like Xinghe Power, which has achieved significant milestones in rocket launches and satellite deployments [5][13] - The new consumption sector is characterized by innovative business models that leverage digital and intelligent technologies to enhance consumer experiences [27][28] Financial Performance - Xinghe Power has raised nearly 5 billion RMB and is valued at 16 billion RMB, reflecting the rapid growth supported by national policies [13] - The total valuation of China's unicorn enterprises in the new consumption and retail sector reaches approximately $203.9 billion, with 66 companies in this category [27] Challenges and Future Directions - Despite the growth, unicorn enterprises face challenges such as high technology trial costs and a lack of patient capital, which could hinder their development [28][35] - The Chinese government plans to establish a nurturing system for unicorn enterprises, focusing on enhancing development efficiency and financial support [36]

Core Insights - The report indicates that in 2024, China will have 53 new unicorn companies, accounting for nearly 40% of the global total, showing significant growth [1][3] - As of 2024, there are 1,212 unicorn companies globally, with China holding over 370, representing nearly 30% of the global market [3] - The majority of China's unicorns are concentrated in key sectors such as artificial intelligence, autonomous driving, smart connected vehicles, new energy vehicles, and life sciences, with over two-thirds in cutting-edge technology fields [3][5] Distribution and Concentration - Unicorn companies in China are distributed across 22 provinces, with Beijing (75), Guangdong (64), Shanghai (59), and Jiangsu (49) being the top regions [5] - Beijing's status as a political and economic center contributes to its position as the core hub for unicorn companies [5] Growth and Challenges - China's unicorn companies are transitioning from quantity growth to quality enhancement, facing challenges such as the withdrawal of US capital, lack of patient capital, difficulties in venture capital exits, and obstacles to public listings [7] - Despite these challenges, the total number of unicorns remains stable, indicating resilience and the continuous emergence of new unicorns [7] - Future strategies include addressing capital structure imbalances and long commercialization cycles, while seizing opportunities in AI and green technology revolutions [7] Government Support - The Ministry of Industry and Information Technology plans to collaborate with relevant departments to establish a nurturing system for unicorn companies, focusing on discovery mechanisms, enhancing development efficiency, strengthening financial support, and creating a favorable development environment [7]

长江商报消息 编 者 按 从东风"天元智能"技术品牌的全球发布，到随州专汽"氢能+智能"的双重突破，再到"武襄十随"黄金走 廊的链式跃迁，湖北，这片诞生过中国第一辆军用车、第一辆电动公交车的土地，正以占全国11.3%的 新能源汽车产能、14.6%的智能网联专利，重塑中国汽车产业的竞争版图。 随着2025年"双百万"目标进入冲刺阶段，湖北汽车产业的这场生态革命，不仅为"制造强国"战略提 供"湖北样本"，更在全球汽车产业变局中刻下鲜明印记。万亿级规模之上，汽车智联驱动的韧性生长才 刚刚开始。 ●长江商报记者 李璟 当全球汽车产业遭遇周期性调整时，湖北用"智联基因"的深层次植入，走出一条高质量增长曲线。 2023年，东风汽车打响燃油车降价"第一枪"，揭开产业转型的紧迫性。湖北果断施策，提出"武襄十 随"产业集群的垂直整合战略——以武汉为"智脑"、襄阳为"试验田"、十堰为"重装基地"、随州为"专用 车先锋"，构建"全链条、全生态、全周期"的智能汽车产业体系。 如今，这条绵延千里的产业走廊上，集聚了25家整车企业、2000余家零部件厂商，已形成全国唯一覆 盖"重、中、轻、客、专、特、改"全系列车型的产业集群。 武汉"双 ...