Core Viewpoint - Great Wall Motors' Weipai brand has launched the Gaoshan 7 for pre-sale at a price of 289,800 yuan, targeting family users with a focus on flexibility, space, intelligence, performance, and safety [1][3]. Group 1: Product Features - The Gaoshan 7 is designed with a length of 5050mm and a wheelbase of 3085mm, featuring a minimum turning radius of only 5.6 meters, challenging the common perception of MPVs being difficult to park and drive [5]. - It boasts a 61.1% usable space rate, a flat floor design, and shared rail technology for the second and third rows, enhancing passenger comfort [5]. - The vehicle is equipped with the Hi4 performance version of intelligent four-wheel drive hybrid technology, delivering a maximum power of 337kW and a maximum torque of 644N·m, achieving 0-100 km/h acceleration in just 5.7 seconds [5]. Group 2: Safety Standards - The Gaoshan 7 features a triple high-strength cage structure, with high-strength steel accounting for 81.96%, and incorporates 2000MPa high-strength steel in the A and B pillars [7]. - The battery pack has passed 89 rigorous tests and received the "China Electric Vehicle Fire Safety Index" certification, along with "zero formaldehyde" and "C-GCAP five-star" dual certifications [7]. Group 3: Market Performance - Weipai has achieved over 10,000 units sold for two consecutive months this year, with the newly launched Gaoshan 5 frequently topping the weekly sales chart for plug-in hybrid MPVs [11]. - The Weipai Lanshan model has surpassed 100,000 cumulative deliveries in August, becoming the third six-seat new energy SUV to reach this milestone [11].

向投资者提供长期稳健回报，是公募基金行业的目标和使命，也是行业高质量发展的核心要义与初心所 在。 高质量发展是全面建设社会主义现代化国家的首要任务，金融要为经济社会发展提供高质量服务。作 为"资管一哥"，公募基金行业管理规模已超35万亿元，站在高质量发展的新起点，探索和践行长期主 义，成为实现高质量发展的关键路径。 市场规律也表明，投资价值的实现需要时间的沉淀，只有长期资金才能陪伴优质企业成长，支持国家经 济转型与科技创新战略。各家基金公司也深刻认识到这一点，将长期主义融入公司战略、业务发展和经 营管理全过程。 一、 将长期主义融入投研能力建设 2025年5月，证监会印发《推动公募基金高质量发展行动方案》（以下简称《行动方案》），明确提 出"强化核心投研能力建设"等要求，为行业破解发展痛点、锚定长期主义方向提供了根本遵循。 在践行高质量发展的过程中，各家公募深刻认识到：长期主义是公募基金行业行稳致远的必然选择，而 投研一体化、平台化则是将长期主义从理念转化为实践的"桥梁"。 在投资端，易方达基金秉持"深度研究驱动，时间沉淀价值"理念，打造自主培养的投研团队，强调过程 和闭环管理，完善长效激励机制，考核偏重长期 ...

【导读】以"长期主义"为笔，公募基金行业勾勒高质量发展新蓝图 2025年5月，证监会印发《推动公募基金高质量发展行动方案》（以下简称《行动方 案》），明确提出"强化核心投研能力建设"等要求，为行业破解发展痛点、锚定长期主义方 向提供了根本遵循。 在践行高质量发展的过程中，各家公募深刻认识到：长期主义是公募基金行业行稳致远的必 然选择，而投研一体化、平台化则是将长期主义从理念转化为实践的"桥梁"。 在投资端，易方达基金秉持"深度研究驱动，时间沉淀价值"理念，打造自主培养的投研团 队，强调过程和闭环管理，完善长效激励机制，考核偏重长期业绩等指标。 工银瑞信基金以投研能力建设为基石，推进"平台型、团队制、一体化、多策略"投研体系建 设，将长期主义融入公司各方面。 中国基金报记者 李树超 一、 向投资者提供长期稳健回报，是公募基金行业的目标和使命，也是行业高质量发展的核心要 义与初心所在。 高质量发展是全面建设社会主义现代化国家的首要任务，金融要为经济社会发展提供高质量 服务。作为"资管一哥"，公募基金行业管理规模已超35万亿元，站在高质量发展的新起点， 探索和践行长期主义，成为实现高质量发展的关键路径。 市场规律也 ...

Core Viewpoint - The article highlights the launch of the WEY brand's Gaoshan 7 MPV, emphasizing its innovative design, user-centric features, and commitment to safety, positioning it as a transformative product in the family travel market amidst a competitive automotive industry [3][15][22]. Product Strength: Multi-dimensional Innovation - Gaoshan 7 is designed as a mid-to-large MPV with a minimum turning radius, addressing common parking challenges for families in urban settings [7]. - The vehicle boasts a length of 5050mm and a wheelbase of 3085mm, achieving a high space utilization rate of 61.1%, making it suitable for both daily commutes and long trips [7][11]. - It features advanced intelligent driving technology, including standard laser radar and the Coffee Pilot Ultra driver assistance system, enhancing parking ease with a 96% success rate in parking space recognition [7][11]. Performance and Safety - Gaoshan 7 is equipped with intelligent four-wheel drive and can accelerate from 0 to 100 km/h in just 5.7 seconds, ensuring robust performance across various road conditions [11][14]. - The vehicle's body structure includes high-strength steel making up 81.96% of its composition, ensuring safety for all passengers [14]. - It is the first MPV to achieve dual certifications for "zero formaldehyde" and "C-GCAP five-star," showcasing its commitment to passenger health and safety [14]. Market Positioning and Brand Philosophy - WEY aims to make luxury MPVs accessible to the average consumer, with Gaoshan 7 priced under 300,000 yuan, reflecting a long-term commitment to quality and user satisfaction [22]. - The brand emphasizes a user-centric approach, focusing on five core dimensions: flexibility, space, intelligence, performance, and safety, to meet family travel needs [15][22]. - The company has seen significant sales success, with Gaoshan 7 contributing to a trend of increasing monthly sales, indicating strong market trust and brand loyalty [26]. Communication and Trust Building - The launch event featured a unique format where the CEO engaged directly with media and users, promoting transparency and trust in the brand's promises [18]. - This approach contrasts with industry trends of exaggerated marketing, positioning WEY as a brand that prioritizes genuine user interaction and product integrity [18]. Conclusion - The introduction of Gaoshan 7 is not just a new vehicle but a strategic move for WEY to redefine family travel experiences in the automotive market, aiming to lead the domestic luxury MPV segment [26].

Group 1 - The core of investment research capability lies in "people," emphasizing the importance of talent development and long-term investment philosophy in the public fund industry [2][3][4] - The transition from scale-oriented to investor return-oriented strategies is highlighted by regulatory guidance, aiming to create long-term stable returns for investors [1][4] - The recent fee reform in public funds encourages adherence to long-term investment principles through optimized redemption fee mechanisms and sales service fee structures [1][4] Group 2 - A systematic mechanism for talent growth and effective transmission of investment philosophy is essential for the implementation of long-termism in public funds [2][3] - Investment teams are encouraged to break down research silos and collaborate across different fields to enhance comprehensive research and investment decision-making [3][6] - Long-term performance assessment and technology innovation are critical for empowering investment research, with a focus on process management and long-term performance metrics [4][5][6] Group 3 - The emphasis on long-term performance in fund manager assessments, with higher weight given to three and five-year performance metrics, aims to align fund managers' interests with those of investors [5][6] - The integration of financial technology into investment research processes is necessary to enhance efficiency and focus on long-term value discovery [5][6] - Continuous development of investment products that cater to long-term investor needs and reducing management fees are strategies to lower the long-term holding costs for investors [6]

Core Viewpoint - The article emphasizes the importance of long-termism in the development of public funds, highlighting the need for integrated research and investment capabilities to transform this philosophy into practice [1][5]. Group 1: Long-termism and Research Integration - The "Action Plan" supports a team-based management model for fund managers, focusing on strengthening research teams as the core of investment capabilities [1]. - The company has established a three-tiered talent development structure within its research department, emphasizing continuous growth and effective transmission of investment philosophies [1][2]. - A dual-track training mechanism for new researchers includes mentorship from experienced fund managers and systematic training covering various research methodologies and financial valuation models [2]. Group 2: Digital Transformation and Research Platform - The company has prioritized "digital transformation" as a strategic focus, developing the "Euler Asset Management System" to create an integrated research and investment platform [3]. - The Euler system covers the entire investment process, from pre-investment research to post-investment review, ensuring a comprehensive digital approach [3]. - The system has established a repository for research outcomes, allowing for long-term reuse and collaboration across different markets [3]. Group 3: Mechanism and Institutional Support - The "Action Plan" calls for a comprehensive assessment system centered on fund investment returns, implementing long-term evaluation mechanisms [4]. - The company enhances the sense of belonging among research teams through value recognition, career growth opportunities, and organizational support [4]. - The assessment framework for researchers includes performance metrics, compliance, and risk management, with a strong emphasis on long-term performance over short-term rankings [4].

Group 1 - The core viewpoint emphasizes the commitment of public fund managers to long-term investment strategies, particularly in high-growth sectors, with significant holdings in companies like CATL and Tencent [1][2] - Data from Wind shows that over 1,700 public fund products hold CATL, while more than 1,200 products have Tencent in their portfolios, indicating a strong preference for growth stocks [1] - The persistence in holding certain stocks for over five years reflects a combination of long-termism, industry logic, and corporate growth potential [1] Group 2 - Long-termism is driven by regulatory guidance, market dynamics, and the professional understanding of fund managers, focusing on achieving stable growth through time compounding and minimizing short-term volatility impacts [1] - The long-term performance of public fund managers is crucial for their reputation and industry standing, as maintaining composure during market fluctuations is essential for proving their investment strategies [1] - True long-termism involves a deep understanding of industry evolution, selecting companies with sustainable competitive advantages, and sharing the benefits of corporate value growth through a long-term holding strategy [2]

以下文章来源于autocarweekly ，作者autocarweekly autocarweekly . 车不只是代步工具，还是生活的一种刻度。 本文来自微信公众号： autocarweekly （ID：autocarweekly） ，作者：土行孙，头图来自：AI生成 收入高不起来，可开支却一点不能少。中年人的房贷、车贷、保险、人情，又有哪一个月可以缓缓 的？汽车行业也一样。 汽车行业喊了这么多年"自主创新"，可高端芯片、高精度传感器这些"家用刚需品"，还得攥着外汇去 国外买。就像中年人每月雷打不动给老家寄赡养费，老家人要是有个头疼脑热，涨点价、断个供，立 马就得慌了神。好不容易攒了点家底想搞研发，转头一看，投入周期比孩子读大学还长，财务报表比 老婆铁板的脸还难看。 人到中年，就会有"中年危机"。中国现代化汽车工业的起点，无论从83年的北京吉普还是85年的上 海大众算，到今天也有四十多年了，怎么算，也是一个中年人了。 中年人有中年人的心事，中年人有中年人的烦恼。 中年也许是一生中最苦闷的时间段，虽然不是什么人生的垃圾时间，但仿佛像追剧遇到中插广告，总 有意外的插播把你的时间切成无数个碎片，让你有时茫然于"从 ...

Core Insights - Ninebot has achieved a cumulative shipment of over 9 million smart two-wheeled electric vehicles in the Chinese market, setting a new industry growth record [1][3] - The company has demonstrated accelerated growth, taking only 52 days to move from 8 million to 9 million units, compared to 64 days for the previous milestone [1] - This achievement marks a new phase of high-quality growth as Ninebot aims for the target of 10 million units [1][3] Company Strategy - Since entering the electric two-wheeler market in December 2019, Ninebot has adhered to a development philosophy centered on product focus, user orientation, innovation-driven, and safety as a baseline [3] - The company emphasizes long-term strategic execution, strong organizational resilience, and user trust as key factors for its rapid growth [3] Market Position - Ninebot has been the global leader in smart electric vehicle sales for three consecutive years (2022-2024) and has maintained the top position in the high-end electric vehicle market (over 4000 yuan) for two years (2023-2024) [3] - The company holds the highest market penetration rate in China's smart electric vehicle sector, with 70% of sales coming from Ninebot [3] - Ninebot has been recognized as the leading brand in user satisfaction for smart two-wheeled electric vehicles, reflecting its strong product experience and service quality [3] Sales and Service Network - Ninebot has established over 9,000 stores nationwide, creating a comprehensive sales and service network that enhances user experience [4] - The company aims to provide convenient access to "true smart" riding services across various cities and scenarios [4] Innovation and Technology - The company's growth is supported by a robust R&D system and intelligent manufacturing capabilities, with a focus on safety, intelligence, endurance, and technology [4] - Ninebot is investing in cutting-edge technologies such as NimbleOS, AI, and self-balancing technology to enhance the smart mobility experience [7] Future Goals - Ninebot aims to achieve annual sales of 7 million units and solidify its brand presence among young consumers by the end of 2027 [7] - The company plans to strengthen its channel construction, user operations, and service upgrades to better meet the needs of young consumers [8]

Core Viewpoint - The recent surpassing of Agricultural Bank's A+H share market value over Industrial and Commercial Bank (ICBC) has sparked discussions on how to measure the true value of global banks, emphasizing that metrics should go beyond mere market capitalization to include factors like operational resilience, risk management, and comprehensive strength [1][2] Group 1: Market Position and Valuation - ICBC's A/H share structure of "75/25" provides institutional resilience and mitigates market volatility, ensuring a balance between domestic capital dominance and international investor engagement [3] - Currently, ICBC's price-to-book ratio stands at 0.71, significantly lower than major international banks, indicating a valuation gap despite a high dividend yield of 5.8% for H shares and 4.2% for A shares, making it an attractive investment option [4] Group 2: Financial Performance and Growth - In the first half of 2025, ICBC reported a revenue of 4090.82 billion yuan, a year-on-year increase of 1.8%, and a net profit of 1688.03 billion yuan, maintaining its leading position among major banks [9] - The bank's total assets reached 52.32 trillion yuan, with a year-on-year growth of 7.2%, and customer deposits increased by 5.9% to 36.90 trillion yuan, showcasing robust growth [10] Group 3: Risk Management and Stability - ICBC maintains a non-performing loan ratio of 1.33% and a capital adequacy ratio of 19.54%, indicating strong risk management capabilities [11] - The bank's provision coverage ratio stands at 217.71%, providing a substantial buffer against potential loan losses, which is crucial in the context of rising global economic uncertainties [12]