借助华为的理念、方法和技术，鸿蒙智行正为汽车产业注入新活力。 文 丨 林见澜 "2025 年，鸿蒙智行以五界标杆见证中国汽车产业的成长，推动智能化的技术发展与产业变迁。"12 月 9 日，华为常务董事、产品投资委员会主任、终端 BG 董事长余承东在 《超凡一步｜在一起 鸿蒙 智行》央视直播中说道。 此次央视年度特别直播中，余承东与五界车企负责人共同讨论了鸿蒙智行的合作模式、业务进展，以 及行业竞争格局的变化。余承东透露，2026 年将是鸿蒙智行的发力之年，计划在产品矩阵、技术储 备、鸿蒙生态及 AI 能力等多个维度实现跨越式发展。 华为全流程主导带来的差异化竞争优势 随着尚界的加入及尊界首款产品的推出，鸿蒙智行 2025 年实现了销量与品牌的双重跃升。到今年 10 月，鸿蒙智行用时 43 个月累计交付超 100 万辆，创新势力品牌达成百万辆最快纪录。今年四季度， 由于全国多地置换补贴政策相继退出，汽车市场的增长压力比往年更大，但鸿蒙智行依然保持销量增 鸿蒙智行能够在当前竞争激烈的汽车市场中实现快速扩张，主要源于其商业模式的差异性。 长。据了解，截至 29 日 14 时，鸿蒙智行本月销量已达 83241 辆，超 ...

Core Insights - The 40th anniversary of Wenhui Publishing House was celebrated with a symposium in Shanghai, highlighting its achievements and future vision in cultural publishing and innovation [1][5][8] Group 1: Leadership and Celebrations - Key leaders from Shanghai Press Group and Wenhui Publishing House participated in the anniversary event, emphasizing the importance of the occasion and expressing hopes for the future [1][3] - A birthday cake was cut during the ceremony, symbolizing warm wishes for the publisher's future development [3] Group 2: Achievements and Future Directions - Hu Minghua praised Wenhui Publishing House for its significant contributions to cultural publishing over the past 40 years, emphasizing the need to maintain a focus on quality content and brand enhancement [5] - The president of Wenhui Publishing House, Zhou Bojun, reported on the publisher's history and innovations, committing to continue its focus on humanistic publishing and digital transformation [5][8] Group 3: New Initiatives and Collaborations - The "Intelligent Publishing Center" was inaugurated, a collaboration between Wenhui Publishing House and other entities aimed at integrating news and publishing with digital platforms [6] - A new media marketing cooperation plan was signed with Shanghai Visual Arts College to expand publishing formats and communication channels [6] Group 4: Expert Recommendations - Various experts and guests provided insights on the future of publishing, emphasizing the importance of content value, innovation, and embracing new technologies like AI [7][8] - Suggestions included enhancing offline activities, exploring short drama development, and strengthening non-fiction publishing characteristics [8] Group 5: Historical Context and Impact - Wenhui Publishing House, established in May 1985, has published numerous influential works and received several prestigious awards, reflecting its commitment to cultural value and social impact [8]

Core Viewpoint - The central theme of the article is the upcoming ultimate tour of the Central China version of the play "Like a Dream," which will take place from January 1 to 4, 2026, at the Beijing Arts Center Opera House, featuring a refreshed cast and a reimagined interpretation of the classic work [1]. Group 1: Cast and Character Development - The play will feature a new cast including Meng Qingyang, Xu Li, and Yao Jingyuan, who will portray different life stages of the character Gu Xianglan, emphasizing the unity of diverse performances [3]. - Meng Qingyang, making her debut in drama, will play the youthful Gu Xianglan, showcasing her dance background to express the character's complex emotional journey [5]. - Xu Li will portray the elderly Gu Xianglan, using her distinctive voice to connect the narrative across generations, delivering a performance that is both profound and emotionally resonant [6]. - Yao Jingyuan, at 24, will play the youngest version of Wang Debao, bringing a fresh and fragile perspective to the character, contrasting with the more tragic interpretations of the past [8]. Group 2: Production and Thematic Elements - The production spans 8 hours and features a circular stage design, exploring themes of life's meaning and emotional resonance through a "story within a story" structure [10]. - The collaboration of new and veteran actors aims to create a modern and visually impactful experience for the audience, marking a significant moment in the play's history [10].

第一届上海旅游攻略超级大赛（第一季）自启动以来反响热烈，累计超1万主体参赛，成为赋能市场主体、发展"多日旅游"、打造"好玩不贵、多住几 晚"城市文旅标签、激活消费新潜力的关键抓手。为扩大赛事社会影响，大赛聚焦"智能化宣推、社会化动员"，于11月26日上线特色创新活动——上海旅超 AI音乐赛。 截至12月26日，上海旅超AI音乐赛参赛AI歌曲及二创视频播放量累计超180万次，创作AI歌曲超1300首，涌现出一批融合上海特色与AI创意的旅游音乐 作品。同日，线下专场活动"V聚场·AI开放麦×上海旅超AI音乐赛"在杨浦创智天地举办。 活动现场发布了上海旅超AI音乐赛月度热力榜TOP10榜单，启动"AI游杨浦，潮玩不一YOUNG"视频征集活动，并组织文旅从业人员及音乐爱好者，围 绕音乐、科技、旅游的跨界融合展开研讨。活动压轴环节发布了月度金曲《上海灵的！》，以沪语"灵额"谐音搭配AI演绎，生动讲述上海城市故事。 赛事相关负责人表示，人工智能正深度重塑文旅行业，从内容生产到消费体验，催生出一系列创新场景。AI音乐赛是上海旅超大赛的玩法升级，也是 上海探索科技赋能文旅的先锋试验，旨在通过"音乐+旅游+科技"的跨界融合，激 ...

近日，佳士得披露年终"成绩单"。2025年，佳士得实现62亿美元的全球成交总额，较2024年增长6%。 其中，拍卖业务实现47亿美元，同比增长8%。 值得注意的是，本年度，成交价最高的3件作品均通过私人洽购完成，而首次纳入财报的汽车拍卖板块 ——由收购Gooding&Company整合而成的Gooding Christie's，贡献了2.34亿美元成交额。 艾媒咨询CEO(首席执行官)兼首席分析师张毅在接受《每日经济新闻》记者采访时指出，佳士得切入汽 车拍卖业务，核心是为了补全奢侈品品类矩阵。"佳士得正是通过横向拓品类，完善全品类布局，打通 高端厂家资源与汽车拍卖需求，依托全球及亚洲渠道优势，进一步提升客单价与复购率。"在张毅看 来，经典车兼具稀缺性、工艺价值与投资属性，与艺术品收藏逻辑相通，能很好契合老藏家的情感与收 藏价值双重需求。 女性玩家持续增多 随着千禧新世代和"Z世代"(1995年至2009年间出生的一代人)财富积累加速，其在艺术品、数字艺术及 奢侈品领域的购买力持续释放。佳士得披露的数据显示，2025年，63%的新买家通过线上平台首次成功 竞得拍品，平均成交价格(不含名酒类别)为2.27万美元， ...

Core Viewpoint - Chery CVC successfully acquired Honghe Technology (002955), marking the first completed transaction under the "Six Merger Guidelines" and establishing a new governance structure that integrates industry capital with listed companies [1][3] Group 1: Transaction Overview - The acquisition involved the transfer of 59,159,978 shares, giving Chery CVC a 25% stake and making it the controlling shareholder of Honghe Technology [1] - This transaction is significant as it represents a strategic move by Chery to leverage Honghe's strengths in education technology and display technology for cross-industry collaboration [2][5] - The deal is seen as a model for future industry capital acquisitions of listed companies, providing a replicable framework for similar transactions [3] Group 2: Financial Performance and Market Position - In 2024, Honghe Technology reported revenues of 3.525 billion yuan and a net profit of 222 million yuan, with a net profit margin of 6.13% and a gross margin of 28.01% [4] - The company has a debt-to-asset ratio of 28.05% and nearly 2.2 billion yuan in cash and financial assets [4] - Honghe's brand "Newline" holds a 22% market share in the U.S. and 9.5% in the EMEA region, with 55.36% of its revenue coming from international markets [4] Group 3: Governance Structure - The new board of directors was established on December 22, 2025, combining new and existing members to create a balanced governance structure [6] - Key figures include Yao Ruibo from the controlling shareholder, Wang Chenchen representing provincial state assets, and Peng Ji representing municipal state assets, enhancing the board's industry expertise [6][7] - The retention of former chairman Sun Xiaoqiang as vice chairman and CEO ensures continuity in management while integrating new strategic capabilities [7] Group 4: Strategic Implications - The integration of Honghe's education technology with Chery's smart automotive technology aims to create a new market segment combining education and smart vehicles [5] - The collaboration is expected to leverage both companies' strengths in overseas markets, enhancing their competitive edge in international expansion [5] - This acquisition is positioned as a pioneering example of industry capital integration, potentially transforming Honghe from an education technology leader to a diversified display solution provider [7]

奇瑞CVC成功入主鸿合科技，新一届董事会正式登场。作为"并购六条"落地后首宗完成交割的 CVC收购案，本项目不仅实现了"新老共治"的平稳过渡，更将依托鸿合科技的出海优势与显示技 术，通过"教育+车载"的深度协同，探索出一条产业资本赋能上市公司的转型新路。 1 2月1日，鸿合科技（002 955.SZ）发布公告，安徽省瑞丞鸿图股权投资基金合伙企业 （有限合伙）（以下简称"瑞丞鸿图"）已成功完成对鸿合科技59,159,978股股份的过户 登记，持股比例达25%，成为公司控股股东。合肥瑞丞私募基金管理有限公司（以下简 称"瑞丞基金"）作为瑞丞鸿图的执行事务合伙人，成为鸿合科技的间接控股股东。此次 交易标志着奇瑞汽车CVC（企业风险投资）首次通过"GP先收后募"模式成功收购A股上 市 公 司 ， 成 为 " 并 购 六 条 " 政 策 发 布 后 首 宗 完 成 交 割 的 CVC 发 起 的 上 市 公 司 控 制 权 收 购 案，具有里程碑式意义。 随着控股股东变更完成，董事会换届程序已正式启动。公司于12月2 2日召开2 0 2 5年第三 次临时股东大会，相关改选议案获得审议通过，新一届董事正式登场。 此次交易 ...

12月22日晚间，亚宝药业发布公告称，公司控股子公司亚宝药业太原制药有限公司62%的股权已转让给 山西同享时代科技有限公司，相关工商变更登记手续已完成。至此，亚宝药业持有太原制药的股权降至 5%，而同享科技持股比例增至95%，成为太原制药新的控股股东。 这块位于太原市山西转型综合改革示范区的土地，将告别生产药品的历史，转而拥抱汽车销售与智能制 造的新身份。根据计划，收购方将与合作方投资数十亿元，在此建设科创产业园，引进智能制造、电子 信息等新兴行业企业入驻。 01 交易落定，二十年药厂正式易主 亚宝药业此次出售太原制药控股权的交易，早在今年11月17日就已启动。当时公司召开董事会审议通过 《关于出售子公司股权的议案》，将以8718.87万元的价格转让太原制药62%的股权。 经过一个多月的时间，这项交易终于在12月19日完成工商变更登记手续。变更完成后，亚宝药业对太原 制药的持股比例从原来的67%降至5%，太原制药不再纳入亚宝药业合并报表范围。 这并非同享科技首次入股太原制药。2024年9月，同享科技已出资1980万元取得太原制药33%股权。加 上此次交易，同享科技累计出资1.07亿元，获得了太原制药95%的控 ...

12月19日，2025年度中国游戏产业年会分会场"游戏营销与出海论坛"由中国音像与数字出版协会游戏出版工作委员会主办，Appcahrge，三七互娱（维 权），游戏客栈承办，联合合作伙伴蓝标传媒旗下亿动广告传媒（Madhouse Inc.）共同呈现，作为游戏产业年会重要组成部分，吸引全球超400家游戏发 行商、65家研发企业参与，多个海外国家和地区游戏同仁齐聚，搭建起高效沟通桥梁，为游戏行业合作与出海发展注入强劲动力，成为今冬游戏圈极具影 响力的行业盛会。 游戏营销与出海论坛：共探出海生态全链路 大会开场，中国音像与数字出版协会副秘书长、游戏工委秘书长唐贾军发布《2025中国游戏出海研究报告》，依托游戏工委在行业数据统计、趋势研判的 权威优势，报告全面覆盖2025年全球及中国游戏出海市场规模、区域收入构成、海外发行商与产品状况、重点品类表现及未来趋势等。报告显示，2025年 中国自主研发游戏在海外市场的实际销售收入为204.55亿美元（约1464亿人民币），同比增长10.23%，近两年中国游戏出海收入增速维持在两位数水平， 策略类（含SLG）游戏仍是中国移动游戏出海的核心收入来源。同时，报告指出，中国游戏出海在 ...

Core Insights - Chengdu Bay Yue City, a collaboration between Meikailong and Jianfa Group, officially opened on December 20, marking a significant step in commercial cooperation and urban renewal in Chengdu by 2025 [1][10] - The project aims to integrate home and lifestyle commerce, enhancing consumer shopping experiences through a diverse range of high-frequency consumption formats [1][7] Group 1: Project Overview - Bay Yue City has a total construction area of approximately 144,000 square meters and was previously known as Meikailong Lifestyle Aesthetics Center, which opened in 2021 [1] - The project introduces high-frequency consumption formats such as fitness, family entertainment, and specialty dining, moving beyond traditional home goods [3][5] Group 2: Consumer Experience - The mall is designed as a "family gathering place," featuring various themes such as a sports social space, a children's interactive area, and a rooftop garden, creating a "third space" for families and young people [5][9] - Key brands include COLNAGO, PARDUS, and CAMEL, catering to urban families' health and lifestyle preferences [5] Group 3: Business Strategy - The project breaks the boundary between home and lifestyle commerce, significantly increasing the proportion of dining, family, and entertainment formats to drive foot traffic and enhance core home business [7] - Meikailong's strategic shift is informed by retail trends, focusing on experiential shopping rather than mere product sales, aiming to create a lifestyle proposal space [9] Group 4: Financial Performance - Meikailong reported a net operating cash flow of 643 million yuan for the first three quarters of 2025, with a significant improvement in operating profit from 100 million yuan to 200 million yuan year-on-year [9] - The occupancy rate of self-operated malls increased from 83.0% at the end of 2024 to 84.7% by the end of September 2025, indicating improved asset management [9] Group 5: Strategic Collaboration - The opening of Bay Yue City signifies a new phase in the strategic integration between Meikailong and Jianfa Group, with a comprehensive collaboration on the entire mall rather than isolated projects [10][12] - Jianfa Group's commercial management expertise is expected to enhance operational efficiency, while Meikailong benefits from revitalizing its existing assets [12]