制作日期： 2025/05/08 隔夜夜盘市场走势 1. 国内商品期货夜盘收盘普遍下跌，能源化工品多数下跌，玻璃跌 2.96%，纯 碱跌 2.7%，原油跌 1.52%，PVC 跌 1.37%，乙二醇跌 1.14%，甲醇跌 1.11%，苯 乙烯跌1.04%。黑色系全线下跌，焦煤跌2.57%，焦炭跌2.45%，铁矿石跌1.12%。 农产品多数下跌，豆一跌 1.58%，白糖跌 1.09%。基本金属全线下跌。沪铝跌 1.55%，沪锡跌 0.94%，沪铜跌 0.74%，沪铅跌 0.57%，沪锌跌 0.49%。沪金涨 0.07%，沪银跌 1.15%。 2. 国际贵金属期货普遍收跌，COMEX 黄金期货跌 1.47%报 3372.60 美元/盎司， COMEX 白银期货跌 2.31%报 32.61 美元/盎司。美联储维持利率政策，通胀和经 济前景不确定性加剧市场波动，同时贸易政策的不确定性继续影响避险资产需 求。 地址：北京市朝阳区朝阳门外大街甲6号万通中心D座20层（100020） 总机：010-8535 6666 资讯早间报 本公司具备期货交易咨询业务资格，请务必阅读最后一页免责声明。 地址：北京市朝阳区朝阳门外大街甲 ...

The auto industry is entering rough terrain. In early April, the United States slapped a 25% tariff on imported vehicles, and just days ago, it rolled out another 25% duty on auto parts that don't comply with United States- Mexico-Canada Agreement rules. These new tariffs are set to drive up costs for automakers by tens of billions of dollars, costs that could ultimately hit consumers through higher car prices. The demand for vehicles is likely to soften, while supply chain chaos is expected to increase. As ...

Group 1: Macro Developments - China has agreed to engage in talks with the U.S., with Vice Premier He Lifeng set to meet U.S. Treasury Secretary Yellen during his visit to Switzerland, emphasizing China's commitment to safeguarding its development interests regardless of the situation [1] - The State Council Information Office will hold a press conference to discuss a "package of financial policies to support market stability and expectations," featuring representatives from the People's Bank of China, the National Financial Regulatory Administration, and the China Securities Regulatory Commission [2] - Finance Minister Liu Kun stated that China will adopt more proactive macro policies, expressing confidence in achieving a growth target of around 5% by 2025, while continuing to build a unified domestic market and expand high-level opening-up [3] Group 2: Market Reactions and Trends - The market is observing a rebound in technology stocks, with a focus on AI computing and embodied intelligence as potential leading sectors [7] - The Robotaxi market is projected to reach a scale of 200 billion by 2030, with a significant increase in the B-end shared mobility ratio [7] - The launch of the fourth-generation autonomous quantum computing control system "Benyuan Tianji 4.0" indicates that the quantum technology industry is becoming a strategic high ground in global tech competition, with the total industry scale expected to reach 908.9 billion by 2035 [8] Group 3: Company Announcements - Huayi Brothers plans to acquire 60% of San Ai Fu for 4.091 billion, expanding its business in the fluorine fine chemicals sector [11] - Saily's April sales of new energy vehicles increased by 12.99% year-on-year [11] - Guoxin Technology has successfully completed internal testing of its anti-quantum password chip new product [11]

Key Takeaways Uber and Lyft will report earnings this week. Uber Leads the ride-sharing market due to its market share, performance, and diverse business. Robotaxis are a crucial focus for both companies. Uber, Lyft to Report Earnings This WeekLater this week, the two ride-share leaders,Uber Technologies ((UBER) and Lyft ((LYFT) ), will report first-quarter 2025 earnings.Lyft generates almost its entire revenue from ridesharing and owns roughly a quarter of the ride-sharing market in the United States. Me ...

Uber Technologies (UBER) is slated to release first-quarter 2025 results on May 7, before market open. The Zacks Consensus Estimate for the to-be-reported quarter’s earnings and revenues is pegged at 51 cents per share and $11.6 billion, respectively.The earnings estimate for the to-be-reported quarter has improved by 2% over the past 60 days. UBER incurred a loss of 32 cents in the first quarter of 2024. The Zacks Consensus Estimate for quarterly revenues suggests a 14.5% uptick from the year-ago quarter’s ...

Core Viewpoint - Caocao Travel has submitted an updated listing application to the Hong Kong Stock Exchange, indicating significant growth in its operations and financial performance since its establishment in 2015 as a ride-hailing platform incubated by Geely Group [1] Financial Performance - The total revenue for Caocao Travel is projected to grow from RMB 76.31 billion in 2022 to RMB 146.57 billion in 2024, maintaining a growth trend [3] - The company reported losses of approximately RMB 20.07 billion in 2022, RMB 19.81 billion in 2023, and RMB 12.46 billion in 2024, with losses narrowing over the years [3] - The gross margin improved from -4.4% in 2022 to 8.1% in 2024, attributed to the introduction of customized vehicles and optimization of total cost of ownership (TCO) strategies [3] Market Operations - By the end of 2024, Caocao Travel is expected to operate in 136 cities with a market share of 5.4% [1] - The company has a customized fleet of over 34,000 vehicles in 31 cities, making it the largest fleet of its kind in China [1] - The contribution of customized vehicle orders to the total GTV is expected to reach 25.1% by 2024 [1] Revenue Sources - The primary revenue source for Caocao Travel is ride-hailing services, which is projected to account for 92.6% of total revenue in 2024 [2] - The company has a high dependency on aggregation platforms, with orders from these platforms constituting 85.4% of GTV by 2024 [2] Future Developments - Caocao Travel plans to launch a Robotaxi service in Suzhou and Hangzhou by February 28, 2025, marking a significant milestone in the commercialization of autonomous driving services [4] - The company is collaborating with Geely Group to develop a new customized vehicle specifically for Robotaxi services, including an L4 level Robotaxi expected to be launched by the end of 2026 [4]

It hasn't been an easy year for electric vehicle maker Tesla (TSLA -3.08%), which has seen its stock fall roughly 30% this year (as of April 30 market close). The company reported disappointing first-quarter results, with deliveries of roughly 337,000 coming in the lowest level seen since 2022.Many investors and analysts have also suspected that CEO Elon Musk's work with the Department of Government Efficiency (DOGE) has hurt the brand. However, investors got some reprieve during Tesla's first-quarter earni ...

彭军表示："预测在2028年左右，车辆规模能使集团实现盈亏持平，这一规模量大概是5万辆。" 关于公司盈利的时间点，彭军认为这取决于Robotaxi的规模数量，因为每台车的毛利或利润，与整体车 辆规模相关。他表示："我们目前预测在2028年左右，车辆规模能使集团实现盈亏持平，这一规模量大 概是5万辆。" 在从研发迈向量产的关键阶段，能否跑通商业模式显得尤为重要。辰韬资本执行总经理刘煜冬认 为："之前自动驾驶企业的亏损，大多数是因为研发投入大但未放量，但今年自动驾驶各个细分方向将 陆续放量，这会更容易看清楚一家企业的盈利能力。" 刘煜冬表示："当前，发展得不好的自动驾驶公司在逐渐被出清，前两年可能是整个自动驾驶行业投资 规模的谷底，但今年整个自动驾驶行业的投资情况比去年更好。特定场景的无人驾驶公司，比如涉及矿 区、城市配送等业务的公司已有很好的规模增速和盈利预期。" 面向更高的L4级别自动驾驶，彭军认为，L4级别自动驾驶是一个长线的、且技术点非常多的技术，这 一技术的商业化需要产业链上的各方共同努力。基于此，小马智行将开发的很多零部件、产品、工具等 开放给合作伙伴。 依据目前的进程，彭军判断L4级别自动驾驶技术的 ...

Needham analyst Quinn Bolton reiterated the Buy rating on Mobileye Global Inc. MBLY, lowering the price forecast from $20 to $18.On Thursday, the company reported first-quarter revenue growth of 83% year-on-year to $438 million, beating the analyst consensus estimate of $435.2 million. Adjusted EPS of 8 cents was in line with the analyst consensus estimates. The analyst highlighted several positives from the quarter, including strong design win momentum, such as Mobileye's first Surround ADAS win and a sign ...

1. 总收入端低于市场预期： 本季度总收入端193.4亿，虽然明显差于老旧的市场预期，但相比海豚君看到的特斯拉销量发布后大行更新的200亿上下的汽车收入， 算是稍低一点点。 2. 但在最核心的卖车业务上，本季度卖车毛利率要超市场预期： 在市场最关心的纯卖车业务毛利率上（去除碳积分影响后），本季度达到12.5%，虽然环比上季度 下滑1.1个百分点，但由于一季度的销量低点，叠加由于Model Y Juniper发布导致的停产影响，市场对于下滑的卖车毛利率早有预期，市场对于本季度纯卖车毛利 率的一致预期在12.2%，而海豚君看到的部分大行更为悲观，预期已经降低到11%-12%左右，有些甚至都在个位数，所以在纯卖车毛利率上，特斯拉本季度表现是 要超出市场预期的。 3. 卖车单价本季度基本稳住： 从卖车的单价端来看，一季度，特斯拉每卖一辆车的收入（不含碳积分与汽车租赁销售）是4万美元，相比上季度还要3.98万美元还 要环比提升200美元，卖车单价在一季度低谷期基本稳住，所以卖车单价表现海豚君认为还可以。而海豚君认为本季度卖车单价能维稳的原因在于Model Y Juniper 上市的高起售价，对冲了融资促销等激励措施，以 ...