人流超预期 补贴再加码 叠加促消费活动 首个周末人潮汹涌 2025广州国际车展于11月21日正式拉开序幕。今年车展，恰逢广东优品购广州市第二轮促进汽车消费活 动期间，再加上2026年新能源汽车购置税补贴退坡的车市大背景，现场"丁财"两旺，为华南乃至全国汽 车市场注入了强劲动能。 创新体验激活消费潜力 广东省统计局网站数据显示，今年前三季度，全省社会消费品零售总额同比增长2.8%。其中，新能源 汽车零售额增长3.4%，比上半年提高0.7个百分点，成为拉动消费的重要引擎。 此次广州车展，展车总数1085台。其中，新能源车629台，占比接近60%。"政府补贴加上车企优惠，总 共接近2万元。"在广州工作的张先生在车展现场下订。"不能再等了，春节要带上全家人回老家"。 记者留意到，今年车展现场，海外人士和年轻人较往届要多出许多。除了新车和与汽车相关的新技术， 飞行汽车和人形机器人也是他们关注的焦点。 11月22日和23日是车展第一个周末，现场人气十足。"我们做了充分预案，但这几天展台的人流量超出 预期。"广汽相关负责人表示。 作为东道主的广汽集团占据2.2号馆，广汽传祺、埃安、昊铂全力出击，展示"番禺行动"一周年成果。 ...

Core Insights - The electrolyte additive industry is crucial for improving electrolyte performance and enhancing battery overall performance, despite accounting for only 5%-10% of the total electrolyte volume [1][5] - China's electrolyte additive market is expected to grow rapidly, with shipments increasing from 198,000 tons in 2019 to 1,470,000 tons by 2024, and projected to reach 1,670,000 tons in 2025 [1][9] - The domestic market size for electrolyte additives is anticipated to reach approximately 7.189 billion yuan in 2024, with a potential to exceed 8.5 billion yuan in 2025 due to rising prices [1][10] Industry Overview - Electrolyte additives are defined as minor components added to electrolytes to enhance electrochemical performance, improve cathode deposition quality, or boost overall battery performance [2] - The additives can be categorized into six functional types: film-forming, flame-retardant, high/low-temperature modification, overcharge protection, conductivity, and water/acid removal [3][4] Policy Support - The Chinese government has introduced multiple policies to support the development of the electrolyte additive industry, including guidelines for energy electronics and new energy vehicle battery recycling [5][6] Industry Chain - The industry chain is well-defined, with upstream raw materials like ethylene carbonate and fluorides, midstream manufacturing focusing on functional additives, and downstream applications in electric vehicle batteries, energy storage, and consumer electronics [6][7] - The rapid growth of the new energy vehicle and energy storage sectors is a key driver for the entire industry chain [6][7] Current Development Status - The demand for electrolyte additives is accelerating towards composite, functional, and high-performance products, with domestic production rates for conventional additives like VC and FEC exceeding 90% [9][12] - The market for electrolyte additives is expected to experience a significant price increase, particularly for key products like VC and FEC, driven by supply-demand dynamics [9][10] Competitive Landscape - The industry is characterized by high concentration, with leading companies like Huasheng Lithium Battery and Tianci Materials leveraging technological barriers and vertical integration to dominate the market [11][12] - Companies are focusing on expanding production capacity and entering global supply chains to enhance competitiveness [11][12] Future Trends - The electrolyte additive industry is expected to evolve towards high-end technology, concentrated competition, and integrated supply chains, with a focus on developing new multifunctional additives [12][13] - The differentiation in downstream demand for power and energy storage batteries will drive the product structure towards customization and high added value [14]

Core Insights - The electrolyte solvent industry is crucial for the energy density, cycle life, and safety of batteries, with significant growth driven by policies and the dual demand from the new energy vehicle and energy storage markets [1][3][6] - China has become a global supply hub for electrolyte solvents, with substantial increases in output and exports, particularly in the context of the booming new energy vehicle sector [1][4][6] Industry Overview - Electrolyte solvents are essential components of electrolytes, facilitating ion transport in lithium-ion batteries, and must possess high dielectric constants, low viscosity, and chemical stability [2][3] - The solvent market is categorized into four main types: carbonate solvents, ether solvents, carboxylic ester solvents, and specialty solvents, each serving different battery technologies and applications [2] Policy Environment - Multiple policies have been introduced to support the electrolyte solvent industry, focusing on technological innovation, environmental standards, and recycling systems, which aim to enhance the industry's development and compliance with international standards [3][4] Industry Chain - The electrolyte solvent industry features a well-defined supply chain, with upstream raw materials supplied by major petrochemical companies, while leading firms like Haike New Source and Shida Shenghua dominate the midstream production segment [3][4][6] - The downstream market includes applications in new energy vehicles, energy storage systems, and consumer electronics, with the solvent quality accounting for 80%-85% of the electrolyte [3][4] Market Dynamics - The demand for electrolyte solvents is primarily driven by the new energy vehicle sector, which is expected to account for over 70% of the market by 2025, alongside a rapidly growing energy storage market [4][6] - The output of electrolyte solvents has seen a compound annual growth rate (CAGR) of 51.8% from 2019 to 2024, with projections indicating continued strong growth [6][7] Competitive Landscape - The industry is characterized by a concentration of leading companies such as Haike New Source and Shida Shenghua, which leverage technological advantages and large-scale production to maintain market leadership [7][8] - Haike New Source holds over 40% of the global market share in carbonate solvents, while Shida Shenghua is expanding its integrated supply chain capabilities [8][9] Future Trends - The electrolyte solvent industry is expected to evolve towards high-end technology, market concentration, and integrated production models, with a focus on developing high-purity, low-volatility solvents [10][11] - Companies will increasingly adopt vertical integration strategies to enhance cost control and supply chain stability, while also addressing global environmental regulations [12][13]

站、广东省工程技术研究中心、广东省企业技术中心、广东省创新型试点企业、 广东省知识产权示范企业等研发平台，累计获得授权专利 34 项，参与制定多项行 业标准。此外，公司还通过了 ISO9001、ISO14001、TATF16949、AEO 海关高级认 证体系、GRS4.0 全球再生标准以及 AS 9100D 航空航天管理体系认证，公司产品 通过 FDA、CHCC、RoHS、REACH、EN71 等认证标准。 2、公司三季报业绩经营情况如何？ 证券代码：300995 证券简称：奇德新材 广东奇德新材料股份有限公司 投资者关系活动记录表 编号：2025-119 | ☑ | 特定对象调研 | □分析师会议 | | --- | --- | --- | | 投资者关系 | □媒体采访 | □业绩说明会 | | 活动类别 | □新闻发布会 | □路演活动 | | ☑ | 现场参观 | □电话会议 | | | □其他： | | | 参与单位名 | 路演时代、二进制、中信证券、国泰海通、乐盈投资 | | | 称及人员姓 | 以上排名不分先后 | | | 名 | | | | 时间 | 2025 年 11 月 21 日下午 15 ...

Core Viewpoint - Leading AI terminal hardware supplier Lingyi iTech is accelerating its international market expansion by applying for a listing on the Hong Kong Stock Exchange, aiming to enhance its global presence and competitiveness [1][2]. Group 1: International Market Expansion - Lingyi iTech submitted its application for an H-share listing on November 20, 2025, with the goal of furthering its international strategy and expanding overseas business [1][2]. - The company operates in over 30 countries and regions, with overseas revenue accounting for 47.3% of total revenue in the first nine months of 2025 [1][3]. Group 2: Financial Performance - For the third quarter of 2025, Lingyi iTech reported revenue of 13.965 billion yuan, a year-on-year increase of 12.91% and a quarter-on-quarter increase of 15.1%, marking the fifth consecutive quarter of revenue exceeding 10 billion yuan [1][6]. - In the first three quarters of 2025, the company achieved a record high revenue of 37.59 billion yuan, representing a year-on-year growth of 19.25% [6]. Group 3: Research and Development - As of September 30, 2025, Lingyi iTech has established over 30 R&D centers globally, employing a team of 7,370 and holding 2,024 patents, including 502 invention patents [4][5]. - The company's R&D expenses from 2022 to the first nine months of 2025 totaled 7.662 billion yuan, with a fluctuating R&D expense ratio [5]. Group 4: Strategic Acquisitions - Lingyi iTech has been actively pursuing acquisitions to enhance its competitiveness, including the acquisition of Jiangsu Keda and Zhejiang Xianglong, which will help the company transition from Tier 2 to Tier 1 in the automotive sector [5][6]. - The company aims to use the funds raised from the IPO for R&D enhancement, capacity upgrades, strategic investments, and operational funding [3]. Group 5: Share Buyback and Employee Incentives - To promote sustainable development and enhance team cohesion, Lingyi iTech has initiated a share buyback program, with a total amount not less than 200 million yuan and not exceeding 400 million yuan for employee stock ownership plans [7]. - As of October 31, 2025, the company has repurchased 38.23 million shares, accounting for 0.53% of total shares, with a total transaction amount of 320 million yuan [7].

正向深交所主板冲刺的电连接产品制造商北京维通利电气股份有限公司(以下简称"维通利")，在近日更 新了招股书并完成首轮问询回复。 近年来，搭乘新能源行业东风，维通利的业绩实现快速增长。然而，亮眼业绩的背后，毛利率波动、应 收账款及存货规模攀升问题随之而来。 不仅如此，长江商报记者还注意到，维通利在公司治理层面的隐患更为突出。本次发行前，黄浩云作为 维通利的控股股东、实控人，合计控制公司68.33%表决权，且与其一致行动人控制公司85.51%表决 权。 在股权高度集中的情况下，维通利长期与关联方保持大规模的关联交易。2022年至2025年上半年，公司 向黄浩云控制的企业累计发生约1.28亿元的采购交易。 此外，在近两年半内，维通利曾七次遭行政处罚，涉及统计、环保、消防、海关及生产安全等多个领 域，其内部控制的健全性与有效性被监管部门重点问询。 总资产过半为应收账款及存货 资料显示，维通利的前身是2003年成立的北京人民电气投资有限公司。2008年12月，黄浩云家族从李永 良家族手中拿下公司控制权。2010年，公司更名为维通利。 2023年9月，维通利实施股份制改制。2025年6月，深交所正式受理了维通利的主板首发 ...

Core Viewpoint - The company, Hengbo Holdings, is a leading supplier in the automotive intake system sector, expanding into new energy businesses to unlock growth potential [1][4]. Group 1: Company Overview - Established in 2005, Hengbo Holdings specializes in motorcycle intake systems and automotive components, entering the automotive parts market in 2007 [1]. - The company has developed a comprehensive product range, including ICE & HEV intake systems, fuel evaporation systems, and hydrogen fuel cell components [1][3]. - Hengbo Holdings has four major manufacturing bases in China, enhancing its production capacity and responsiveness [1]. Group 2: Financial Performance - Revenue from 2020 to 2024 showed consistent growth: 5.73, 6.33, 7.13, 7.85, and 8.65 billion CNY, with a CAGR of 10.84% [4]. - Net profit for the same period was 0.65, 0.95, 1.04, 1.15, and 1.31 billion CNY, with a CAGR of 19.15% [4]. - In Q1-Q3 2025, the company achieved revenue of 7.31 billion CNY, a year-on-year increase of 19.09% [4]. Group 3: Product Segmentation - The main products are categorized into four segments: automotive and motorcycle intake systems, with automotive parts contributing over 60% of revenue in 2025 [1][6]. - The company has successfully developed key components for new energy vehicles, including cooling systems and intelligent displays [2][8]. Group 4: Strategic Initiatives - The company is expanding its customer base in the new energy vehicle sector, collaborating with brands like Li Auto and Xpeng [7]. - It is also focusing on new product development and technological advancements, particularly in high-performance modified materials [10][11]. - Hengbo Holdings plans to establish a manufacturing network centered in Singapore to enhance its global presence [7]. Group 5: R&D and Innovation - The company has a strong R&D capability, with a focus on core technologies in intake systems and thermal management for new energy vehicles [8]. - It operates a CNAS-accredited laboratory with over 150 testing devices, enhancing its product quality and innovation [8]. - The company is actively pursuing patents for new materials and products, reinforcing its competitive edge [3][8]. Group 6: Market Potential - The global PEEK market is projected to grow significantly, with estimates reaching 7 billion CNY by 2025 and 13.1 billion CNY by 2031 [11][12]. - The company’s strategic positioning in high-performance materials aligns with market trends towards lightweight components [10][12].

大家好，我是吉利银河的销售顾问，今天和大家聊聊前不久刚上市的星耀6。 新车是哪天到店的？ 新车早在 9月 底就 到店 了 ，一共 3 台现车， 次顶配 125km探索+ 有3台，分别是银色和蓝色，之后到的车就都是根据预售订单来的，领导也怕库存多了 有压力。 新车目前价格是多少？有什么专项政策？ 目前星耀6的价格区间是 7 . 48 ~ 10.58 万，共 7款 配置可选。 定车权益方面， 比较值钱的有超级置换补贴6000 元 （ 拿行驶证就可享受，不限本人），贷款50000元2年免息，以及充电桩和安装（限125KM车型）。 除此之外，60KM中配车型免费送14.6英寸高清大屏，60KM顶配和125KM低配车型送L2辅助驾驶，125KM中配和顶配车型再送17英寸的轮毂。 其他就不一一细说了，图里都有。 | 上市限时权益 | | | | | --- | --- | --- | --- | | 升舱礼 | 超级置换礼 | 不服品牌可享6000元 | 限时免费享多项配置升级 | | 至高价值5000元 | 超级置换补贴 | | | | 金融礼 | 廣保礼 | 至高享 | 商任非营运车主可享三电终身质保 | | 5万2 ...

Core Viewpoint - The article discusses the evolving landscape of the Chinese automotive market, particularly focusing on the challenges and strategies of joint venture (JV) car manufacturers in the context of increasing competition from domestic brands and the shift towards electric vehicles (EVs) [1][11]. Group 1: Market Dynamics - The upcoming Guangzhou Auto Show is set against a backdrop of local purchase subsidies and confirmed tax exemptions for vehicle purchases, raising concerns about the future of the car market [1]. - Joint venture car manufacturers, once dominant, are now facing significant pressure as they adapt to the rapidly changing market, particularly in the electric vehicle sector [3][11]. - The competitive landscape is characterized by a price war and a shift in consumer expectations, with a growing demand for vehicles that meet local needs rather than relying on brand prestige [8][9]. Group 2: Joint Venture Strategies - Joint ventures are increasingly adopting a more humble approach, learning from local consumer preferences to enhance their product offerings [3][4]. - The launch of models like the GAC Toyota's Platinum 3X and Nissan's N7 signifies a renewed commitment to align with Chinese consumer demands, showcasing a shift in strategy [6][11]. - The need for deep localization in production, R&D, and decision-making processes is emphasized as essential for joint ventures to remain competitive in the Chinese market [11][13]. Group 3: Future Outlook - The article predicts that by 2026, joint ventures will need to abandon the notion of brand premium and focus on product quality and local relevance to survive [8][13]. - The integration of local technology partners, such as Huawei and CATL, is seen as a crucial step for joint ventures to enhance their technological capabilities and meet market demands [11][13]. - The overall message is that joint ventures must embrace a strategy of "in China, for China" to rebuild their competitive edge in the evolving automotive landscape [11][13].

张俊杰表示：此前围绕他婚姻和创业的诸多谣言，让其本人及家人受到了很大伤害，"有必要站出来说话"。 整理 ｜娃娃菜 点击上方【36氪随声听】，一键收听大公司热门新闻。听完音频记得添加进入 【我的小程序】 中哟！ 霸王茶姬创始人发朋友圈辟谣 日前霸王茶姬创始人张俊杰本人通过朋友圈证实了婚讯，并透露已于今年6月登记领证。在感谢公众祝福的同时，张俊杰也表示：此前围绕他婚姻和创业 的诸多谣言，让其本人及家人受到了很大伤害，"有必要站出来说话"。"我郑重声明：在我遇见我妻子（高海纯）前，从未有过婚姻，也从未发生'茶叶富 商残疾女儿'的任何故事。"（新浪财经） 俞敏洪再发全员信道歉，回应被叫老登 11月22日深夜，俞敏洪再发全员全员信再向员工道歉，并详细解释了自己写信的缘由和初衷。对于"用员工的血汗钱旅游"的说法，俞敏洪认为这样的表达 不妥，你在努力工作的同时，老板们也在拼命努力，并承担更大的风险，确保公司的正常发展。 此外，俞敏洪还表示尽管被叫"老登"，自己还是要说几句： 尽管有些人骂我老登，但有关工作和成长的事情，我还是要啰嗦几句。如果你在新东方工作，并且没有放弃这份工作，我觉得你就有责任维护新东方的发 展和形象。如果 ...