2025 年 05 月 15 日 双融日报 --鑫融讯 分析师：万蓉 S1050511020001 wanrong@cfsc.com.cn 市场情绪：73 分（较热） 最近一年大盘走势 10 15 20 (%) 沪深300 资料来源：Wind，华鑫证券研究 -15 -10 -5 0 相关研究 | 1、《双融日报》2025-05-14 | | --- | | 2、《双融日报》2025-05-13 | | 3、《双融日报》2025-05-12 | ▌ 华鑫市场情绪温度指标：（较热） 华鑫市场情绪温度指标显示，昨日市场情绪综合评分为 73 分，市场情绪处于"较热"。历史市场情绪趋势变化可参 考图表 1。 ▌ 热点主题追踪 今日热点主题：机器人、大数据、苹果链 1、机器人主题：五一假期期间，山岳型景区迎来大批游 客。在八达岭长城、黄山、泰山这些热门景点，游客们体验 到了一种别样的登山方式一穿戴外骨骼机器人登山。这种设 备被形容为"登山外挂"，通过机械结构或电机驱动，能够 降低 20%-40%的体能消耗，瞬间在户外圈爆火。相关标的： 伟思医疗(688580)、精工科技(002006) 2、大数据主题：近日，国务院常务会 ...

来源 | 美股研究社 作者丨江河有堤 2025年，或许注定是自动驾驶与人工智能深度融合的爆发年。 此前，特斯拉宣布将于6月在美国得克萨斯州奥斯汀推出"完全无人监督"的Robotaxi服务，并计 划2026年量产无方向盘车型CyberCab。 不仅如此，马斯克旗下AI公司xAI完成60亿美元融资，剑指算力超级工厂，试图为特斯拉的自动 驾驶技术注入新动能。 全球网约车巨头优步（Uber）与Lyft则通过合作Waymo、Mobileye加速自动驾驶商业化，此外， 两大巨头于近日先后交出一季报，自动驾驶业务均取得进展显著。中国玩家小马智行、文远知行 也不甘落后，与联手优步将Robotaxi服务拓展至中东与欧洲市场。 技术与资本的狂潮下，Robotaxi与AI的融合正成为新能源汽车产业争夺的制高点，一场万亿级市 场的全球竞速已然展开。 技 术 竞 速 进 行 时 A I 算 力 与 数 据 闭 环 的 " 护 城 河 " 之 争 Robotaxi市场上，最大的热门之一——特斯拉已经与xAI形成"软硬合围"之势。现阶段来看，其 核心竞争力就来自其全自动驾驶（FSD）系统的数据积累与AI算力支持。 相关数据显示，特斯拉FS ...

Core Points - The China-Latin America Forum serves as a significant platform for mutually beneficial cooperation between China and Latin American and Caribbean countries, marking its 10th anniversary with a ministerial meeting in Beijing [1] - The meeting resulted in a three-year action plan focusing on infrastructure, technology, and agriculture, enhancing bilateral and multilateral cooperation [1] - The trade volume between China and Latin America is projected to exceed $500 billion in 2024, a 40-fold increase since the early 2000s, indicating strong economic integration [2] Group 1 - The meeting highlighted the importance of cooperation for the "Global South," with leaders from Brazil, Colombia, and Chile emphasizing the need for multilateralism and regional collaboration [1][2] - Significant infrastructure projects, such as Brazil's high-voltage transmission line and Peru's port development, are progressing, showcasing the tangible benefits of cooperation [2] - Over 90% of Chilean cherries are exported to China, and a substantial portion of Ecuador's car sales are from Chinese manufacturers, reflecting deepening trade ties [2] Group 2 - The forum promotes a cooperative approach that rejects confrontational alliances and unilateral hegemony, advocating for open and win-win relationships [4] - Latin American countries are increasingly asserting their independence from U.S. influence, with a growing demand for self-determination in foreign relations [5][6] - The rise of the "Global South" is characterized by a shift towards more autonomous foreign policies among Latin American nations, aligning with China's principles of shared development [6]

Group 1 - The National People's Congress (NPC) and the State Council have released their legislative work plans for 2025, with a focus on the legislative projects related to the healthy development of artificial intelligence (AI) [1] - The NPC's 2025 plan continues to list AI legislation as a preparatory review project, while the State Council emphasizes advancing AI health development legislation without including the AI law draft for review [1] - There is significant debate in academia and industry regarding the timing and necessity of specialized AI legislation, with some advocating for a gradual approach and others arguing that the time for legislation is ripe due to accumulated experience and clear institutional needs [1] Group 2 - The Cybersecurity Law has been included in the NPC's 2025 legislative plan for initial review, with a draft proposing to refine administrative penalties for violations and introduce exemptions for minor offenses [2] - The revision of the Anti-Unfair Competition Law is set to continue this year, focusing on strengthening the governance of commercial bribery and enhancing regulations against unfair competition practices [2] - The State Council's legislative plan includes preparations for the review of the Trademark Law revision and amendments to various copyright-related regulations [2] Group 3 - The State Council's legislative plan mentions the formulation of a Government Data Sharing Regulation, which aims to break down data barriers while ensuring data security and enhancing public service accessibility [3]

文章称，近日，有些消费者发现，在购买共享单车骑行月卡后，规定时长内骑行仍被超时计费，还有单 次支付变成了购买会员卡。此类平台诱导现象在不少共享经济消费场景中存在。普惠是共享经济的出发 点。共享经济的价值在于让更多人以便捷、低成本的方式享受服务，而非通过信息不对称榨取用户利 益。平台若想实现可持续发展，必须优化会员机制，确保规则透明、计费合理、退订自由，真正让消费 者感受到实惠。勿忘普惠初衷，共享平台才能真正发挥社会价值，实现与消费者的共赢。 ...

Group 1 - The core message emphasizes the transformative power of sports for individuals with disabilities, as exemplified by athlete Jiang Yuyan's achievements and her inspiring journey [1][2][3] - Jiang Yuyan, who lost her right arm and leg at the age of three, has become a symbol of resilience and determination, winning 7 gold medals at the Paris Paralympics and setting 2 world records and 3 Paralympic records [1][2] - The recognition of Jiang Yuyan as the first Chinese athlete to receive the 2025 Laureus World Sports Award for Best Disabled Athlete highlights the growing acknowledgment of disabled athletes on the global stage [1][2] Group 2 - The success of recent events like the Beijing Winter Paralympics and the Hangzhou Asian Para Games has increased public awareness and understanding of the disabled community, promoting the idea of equality and shared experiences [3] - Innovations in technology, such as smart online sign language translation and sound-based payment systems, are enhancing the quality of life for disabled individuals, reflecting a societal shift towards inclusivity [3] - The narrative around the "Chinese Dream" encompasses the aspirations of all citizens, including those with disabilities, fostering a supportive environment for their participation in sports and society [3]

近日，有些消费者发现，在购买共享单车骑行月卡后，规定时长内骑行仍被超时计费，还有单次支付变 成了购买会员卡。此类平台诱导现象在不少共享经济消费场景中存在。 普惠是共享经济的出发点。共享经济的价值在于让更多人以便捷、低成本的方式享受服务，而非通过信 息不对称榨取用户利益。平台若想实现可持续发展，必须优化会员机制，确保规则透明、计费合理、退 订自由，真正让消费者感受到实惠。勿忘普惠初衷，共享平台才能真正发挥社会价值，实现与消费者的 共赢。 （文章来源：中国经济网） 共享经济的商业模式本质上是依靠规模效应摊薄成本，进而实现盈利。用户基数越大，单次服务的边际 成本越低，平台才能维持长期运营。因此，合理的会员制才能达到双赢效果，消费者享受更低单价，平 台获得稳定现金流和用户忠诚度。然而，部分平台却将"低价"作为诱饵，在实际使用中设置隐性门槛， 如模糊计费规则、强制自动续费、限制使用条件等，使得消费者实际支付的费用远超预期。 低价消费陷阱或许捡不了芝麻，却丢了西瓜。平台通过复杂的规则设计、闪烁其词的交互界面，让消费 者在不知不觉中支付额外费用。短期内，看似收入增加，但消费者一旦发现被套路，不仅会停止续费， 还可能彻底放弃 ...

华为首款 鸿蒙 电脑已于本月5月 8 日首发亮相，新品将于 5 月 19 日 14:30 正式发布。 IT之家从华为官网获悉， 鸿蒙电脑支持进行多设备间通信能力共享 ，在电脑无网络或网络不佳时，可共享手机移动网络，同时还可共享手机的移 动通信能力接打电话、收发短信（目前仅支持设备间一对一通信共享）。 共享网络时需删除手机上正在连接的 WLAN。请在手机上进入设置 > WLAN，单击已连接的 WLAN 名称，然后单击删除该网络。 在电脑上共享手机电话和短信 开启通信共享，可在电脑上共享手机移动通信能力接听或拨打电话、查看或回复手机接收到的短消息。 1. 共享网络前，在手机、电脑上完成如下设置： 手机：开启 WLAN、蓝牙、移动数据的开关，登录华为账号。 电脑：开启 WLAN、蓝牙的开关，并与手机登录同一华为账号。 2. 在手机上，进入设置 > 多设备协同 > 通信共享，开启网络共享的开关。 3. 在电脑上，单击桌面底部快捷栏中的"设置图标"打开设置，单击多设备协同 > 通信共享 > 连接网络，根据需要选择不同的连接方式： 自动连接 ：选择自动连接，电脑会自动搜索并连接附近手机的移动网络。首次连接，需要在电脑上进 ...

近年来，共享经济在便利公众生活方面发挥了重要作用，但随之而来的消费争议也频繁发生。5月8日， 中国消费者协会(以下简称"中消协")发布2025年第一季度全国消协组织受理投诉情况分析(以下简称"投 诉情况分析")，提到当前共享服务痛点凸显，"点名"共享充电宝因"归还难"和"计费异常"引发消费者不 满，被列为一季度投诉热点。 "客服不理投诉未处理""还掉却被扣199元客服难寻""借两小时扣35元"……5月11日，在黑猫投诉平台 上，记者以"共享充电宝"为关键词进行搜索，发现相关投诉高达28717条。当曾经的"电量救星"沦为"钱 包刺客"，消费者又该如何在"便利"与"陷阱"中自保？ "电量救星"成"烫手山芋" "叮——"一声手机闹钟铃声响起，提醒董女士要归还共享充电宝了。4月9日中午，她在北京市朝阳区亚 运村新奥购物中心用餐时，手机电量告急，匆忙扫码租借了一台充电宝，为防超时，还特意定了55分钟 后归还的手机闹钟。 然而，当她准时抵达机柜时却发现设备已满，又跑了20米、100米外的两台同品牌机柜，均呈现"满 载"状态，其中一台甚至出现3人同时涌入却无人能归还的荒诞场景，一时间，商场楼上楼下的机柜全 满。 系统虽提供 ...

Group 1 - The Suzhou Industrial Park has developed into a national hub for the nano industry, ranking among the top five global nano industry clusters since its inception in 2006 [1] - The park has strategically focused on areas such as third-generation semiconductors, micro-nano manufacturing, nano new materials, and nano health, effectively responding to competition from other cities [1] - Over 18 years, the park has established a combination of national research institutions, high-level research universities, leading technology enterprises, and innovation centers, solidifying its foundation as a high-end technology source [1] Group 2 - The Suzhou Industrial Park is home to 18 listed nano companies, including Nanwei, Minxin, Dongwei, and Shengke Nano, with over 20 more in the listing pipeline [2] - The Nano City fosters not only physical clustering of enterprises but also collaborative development across the industry chain, enhancing overall efficiency and rapid industry growth [2] - A dedicated platform for the transformation of nano technology achievements has been established, facilitating the promotion and collaboration of research outcomes with suitable enterprises [2] Group 3 - Establishing a reasonable benefit-sharing mechanism is crucial in the interaction process among research institutions, enterprises, and researchers [3] - Nano technology is recognized as a significant driver of future technological innovation, with extensive cross-field application potential, leading to the emergence of new industries and models [3] - The deep integration of nano technology with strategic emerging technologies such as new materials, new energy, biomedicine, and artificial intelligence will provide strong support for the development of new productive forces in the economy [3]