证券日报网讯12月12日，屹通新材（300930）在互动平台回答投资者提问时表示，公司合金软磁粉末销 售规模占比较小，主要因为国内市场竞争激烈及项目建设尚未全部完成。公司将根据市场情况，加大研 发投入，提升技术实力，提高生产效率，同时加强销售团队建设，进一步开拓相关市场。 ...

近日，奇瑞集团公布了最新的销量情况，数据显示，11月，集团销售汽车272,536辆。其中，新能源汽车单月销售116,794辆，位居行业前三，同比 增长50.1%，实现环比"四连涨"，新能源成为奇瑞发展的核心增长引擎。 这些亮眼成绩背后离不开奇瑞过往深刻的技术积淀，作为"技术控"的奇瑞已然开辟出一条契合自身的加速赛道。值得一提的是，在发展持续向好 的同时，业内对于奇瑞的认可度也正不断攀升，不少券商机构公开点赞了奇瑞的智能化转型发展。 单月销量"四连涨"，奇瑞新能源"爆发式"增长 日前，奇瑞公布最新销量情况，数据显示，11月，奇瑞共销售汽车272,536辆，1-11月，累计销售汽车2,561,465辆，同比增长11.1%。其中，新能源 板块已成为奇瑞发展的"顶梁柱"，其新能源单月销售116,794辆，同比增长50.1%，实现环比"四连涨"。截至11月，奇瑞新能源累计销量已达 814,685辆，同比增长69.4%，年内首次跨越80万辆大关，销量规模与增速均位居行业前列。 这得益于奇瑞聚集于"新能源+新燃油"的前瞻性双赛道布局，其通过油电协同发展，带来了满足全球市场需求的多元产品矩阵。11月，其上市 了"中国新燃油" ...

剑桥科技（603083）(06166)公布，CIG美国作为落实发行H股募资投向的重要实施主体之一，将在研发 投入、业务扩展、客户服务、全球化产能配套及供应链协同方面发挥重要作用。为支持CIG美国的上述 业务部署，提升此次境外发行募集资金的利用效率，公司拟以发行境外上市外资股(H股)募集资金向 CIG美国增资1亿美元，用于：(1)采购配套生产设备，扩张公司在北美及东南亚地区高速光模块产能配 套，提升全球交付能力;(2)提升海外研发规模和能力，加速新技术和新产品的开发及技术迭代，确保公 司产品的技术领先性;(3)加大市场营销力度，拓展重点市场和客户，构建销售渠道和客户服务体系，支 撑业务长期高速成长;(4)加大关键元器件的战略性采购和储备力度，稳定并增强核心元器件的供应能 力，确保交付的稳定及高速增长;(5)参与产业链协同，通过战略性合作提升全球供应链安全;(6)补充运营 资金。 ...

Core Insights - Chery Group achieved remarkable sales figures in November 2025, selling 272,536 vehicles, with electric vehicles (EVs) accounting for 116,800 units, marking a 50.1% year-on-year increase and a historical high [1][2] - The cumulative sales from January to November reached 2,561,500 vehicles, a growth of 11.1% year-on-year, with EV sales hitting 814,685 units, up 69.4% [1][3] - Chery's net profit for the first three quarters grew by 28%, significantly outpacing the 17.94% revenue growth, indicating a sustainable growth model [2] Sales Performance - In November 2025, Chery's total vehicle sales reached 272,536, with EV sales contributing significantly to this figure [2] - Cumulative sales for the year reached 2,561,500 vehicles, with exports totaling 1,199,600 units, reflecting a 14.7% increase [1][4] - Chery's global user base exceeded 18.28 million, with over 5.7 million users located overseas [10] Strategic Focus - Chery's growth is driven by two main strategic pillars: the explosive growth of its EV segment and its global expansion efforts [3][4] - The company has adopted a dual-track strategy, focusing on both new energy and upgraded fuel vehicles, allowing it to cater to diverse market demands [11][13] - Chery's commitment to R&D is evident, with over 10.5 billion yuan invested in 2024, supporting its "Yaoguang 2025" strategy [14] Global Expansion - Chery's exports have become a significant revenue source, with overseas sales contributing nearly half of its total revenue [6][7] - The company has successfully penetrated high-value markets like Europe, with sales in the EU and the UK reaching 171,000 units, a 240% increase year-on-year [5][20] - Chery's global strategy includes local partnerships and production, enhancing brand acceptance and mitigating trade barriers [15][16] Product Diversification - Chery's product lineup includes multiple brands, with the Chery brand selling over 1.54 million units and the Jietu brand achieving over 570,000 units in sales [8] - The company has developed a range of products targeting different market segments, from economy to luxury vehicles [13][21] Long-term Vision - Chery's approach emphasizes building a comprehensive ecosystem centered around user needs, transitioning from a car manufacturer to a mobility service provider [21] - The company maintains a balance between quality control and cost management, ensuring competitive pricing while achieving substantial profit margins [24] - Chery's focus on long-term strategies and systematic capabilities positions it uniquely in the automotive industry, allowing it to navigate market challenges effectively [27]

Core Insights - Chery Group reported a significant increase in electric vehicle sales, with November sales reaching 117,000 units, a year-on-year growth of 50.1%, marking the fourth consecutive month of growth [1] - Cumulative sales from January to November reached 814,000 units, representing a year-on-year increase of 69.4%, surpassing the 800,000-unit milestone for the first time in a year [1] - This growth reflects not only the company's achievements but also the broader transformation of China's electric vehicle industry and the competitive strength of domestic brands [1] Technological Foundation and Strategic Layout - Chery's sales growth is rooted in long-term technological accumulation and a clear strategic layout, establishing a multi-path approach that includes hybrid, extended-range, pure electric, and hydrogen energy vehicles [4] - The Kunpeng power platform integrates fuel, hybrid, pure electric, and hydrogen energy technologies, showcasing Chery's forward-thinking in the industry's transitional phase [4] - Chery has achieved significant technological milestones, including the development of high-efficiency engines and solid-state battery technology, reinforcing its leadership in the electric vehicle power technology sector [4][7] Brand Value and Market Positioning - The competition in the Chinese automotive market has shifted from individual products to comprehensive technological systems, with Chery alleviating consumer concerns about range and charging efficiency [7] - Chery's technological foundation has enabled its high-end series, such as the Zongheng, Fengyun, and Starway, to successfully penetrate the mid-to-high-end market, demonstrating that brand elevation is fundamentally rooted in technological advancement [7] Ecosystem Development and User Experience - Chery is expanding its competitive dimensions to encompass the entire lifecycle experience, moving beyond mere product updates to create a "people, car, home" smart ecosystem [8][10] - The company has launched multiple new models to meet diverse consumer needs, facilitating the transition of traditional fuel vehicle users to electric vehicles [8] - Chery's collaborative initiatives, such as the "Global Co-Creation Plan," aim to enhance the charging network and vehicle connectivity, fostering an open ecosystem that accelerates technology implementation and service standards [10] Long-term Vision and Investment Strategy - Chery's commitment to long-term investment in clean energy technology since 1999 and continuous investment in electric vehicles since 2005 has led to significant technological breakthroughs [11] - The company's strategy emphasizes sustained R&D investment and the development of solid-state batteries, reflecting a philosophy of avoiding short-term speculation in favor of sustainable competitiveness [11][13] - Chery's collaborative ecosystem model accelerates the industrialization of cutting-edge technologies, contributing to the overall progress of the automotive industry [13] Conclusion - Chery's achievement of surpassing 800,000 electric vehicle sales in a year illustrates the growth trajectory of China's independent brands, emphasizing the importance of core technology, ecosystem collaboration, and long-term vision in navigating industry cycles [11][13]

证券日报网讯12月3日，新易盛（300502）在互动平台回答投资者提问时表示，公司自创立以来高度重 视新技术、新产品研发、大力投入创新。未来，将继续聚焦核心技术研发，夯实行业竞争力。 ...

Core Insights - The domestic e-commerce giants reported their Q3 2025 earnings, revealing a mixed performance with JD.com leading in revenue growth while Alibaba faced significant profit declines [1][4]. Group 1: Revenue Performance - JD.com achieved revenue of 2990.59 billion, marking a 14.9% year-on-year growth and maintaining double-digit growth for four consecutive quarters [3]. - Alibaba reported revenue of 2477.95 billion, a 4.77% year-on-year increase, which rises to 15% when excluding sold-off businesses. The growth was driven by strong performance in AI, cloud, and consumer sectors [2][4]. - Pinduoduo's revenue reached 1082.77 billion, reflecting an 8.98% year-on-year growth, with a slight recovery in growth rate compared to the previous quarter [3]. Group 2: Profitability Analysis - Alibaba's net profit fell by 52% to 210.2 billion, primarily due to aggressive investments in instant retail and technology, leading to a significant drop in operating profit [4][7]. - JD.com also saw a 55.03% decline in net profit to 52.76 billion, attributed to increased spending on new business ventures, despite a strong core retail performance [4][5]. - In contrast, Pinduoduo reported a net profit of 293.3 billion, a 17.4% increase, benefiting from effective cost control and a focus on high-margin businesses [6][7]. Group 3: Strategic Investments and Future Outlook - JD.com increased its fulfillment expenses by 35.2% to 220 billion and marketing expenses by 110.5% to 210.5 billion to support user growth and new business development [5]. - Pinduoduo emphasized long-term strategies, committing to ongoing support for merchants through initiatives like "hundred billion relief" and "thousand billion support" plans [6][7]. - Industry experts noted that the competition in the e-commerce sector has shifted from merely acquiring traffic to enhancing core capabilities, with technology and supply chain management becoming critical factors for success [7].

人民财讯12月2日电，2025年12月1日，中国汽车动力电池产业创新联盟秘书长许艳华、国联研究院总经 理李腾飞、电池联盟常务副秘书长马小利一行前往北京人形机器人创新中心进行调研。双方一致表示， 未来将加强在技术研发、市场拓展等方面的合作，共同探索人形机器人、动力电池的创新发展路径。期 待通过双方的紧密合作，共同促进人形机器人行业更好发展。 ...

Core Viewpoint - The company has successfully broken through technical barriers in various welding material technologies, significantly narrowing the gap with international leading enterprises and establishing its own technological moat in the microelectronics welding materials and auxiliary welding materials sectors [1] Group 1: Technological Advancements - The company has made advancements in ultra-fine particle welding materials, low-temperature high-reliability welding materials, photovoltaic module welding materials, auxiliary welding materials, and water-based cleaning agents [1] - The company has accumulated years of research and development, leading to these technological breakthroughs [1] Group 2: Competitive Positioning - The company has further reduced the technological gap with international leaders in the industry [1] - The establishment of a technological moat in microelectronics welding materials and auxiliary welding materials positions the company favorably in the market [1]

Group 1 - Xiaomi's automobile delivery volume for November has been announced, with a target of exceeding 40,000 units by November 2025, indicating a strong growth trajectory [3][4] - The actual sales in October were reported to be over 46,000 units, suggesting that the November figure may be higher than the stated 40,000, leading to speculation about the accuracy of the reported numbers [4] - Xiaomi is on track to achieve an annual delivery target of 400,000 vehicles this year based on current sales momentum [4] Group 2 - A significant article in the People's Daily highlighted Xiaomi's self-developed flagship chip, the Xuanjie O1, and emphasized the company's commitment to R&D, with over 100 billion yuan invested in the past five years and an expected investment of over 200 billion yuan in the next five years [11] - Xiaomi's focus on technology and innovation remains steadfast, as reiterated by the company's founder, Lei Jun, following the publication of the article [11] Group 3 - Xiaomi is set to begin the sale of existing vehicles, with priority given to users who have locked orders but not yet received their vehicles starting December 1, followed by a general sale on December 3 [17] - The available vehicles include new cars, official display cars, and nearly new cars, all of which have passed strict quality inspections and come with full factory warranties and after-sales service [17]