据知情人士透露，总部位于北京的百度已在与Swiss Post旗下提供公共巴士服务的部门PostAuto进行商谈，以便在瑞士推 出萝卜快跑(Apollo Go)无人驾驶出租车服务。知情人士称，百度计划未来几个月内在瑞士设立当地实体，并在今年年底 前开始测试该技术。这些知情人士称，百度计划在土耳其推出萝卜快跑。中国和美国的自动驾驶公司希望通过网约车服 务以及用于消费者车辆的先进驾驶辅助系统将其技术商业化。 中东是另一个关键战场，在那里，优步已与百度的中国竞争对手合作部署无人驾驶出租车。文远知行本月早些时候表 示，将于今年年中前与优步在阿布扎比共同推出至少50辆无人驾驶出租车，并扩大了合作伙伴关系，计划在未来五年内 将自动驾驶汽车推广到另外15个城市，包括欧洲城市。小马智行(Pony AI)表示，今年将与优步在中东地区的一个关键市 场推出自动驾驶汽车服务。小马智行的投资者包括丰田(Toyota)。百度在3月表示，计划今年年底前在迪拜市中心部署 100辆完全自动驾驶汽车，并力争到2028年将其车队规模扩大到至少1000辆。该公司打算推进去年12月在香港启动的萝 卜快跑测试，在无人驾驶车辆中搭载乘客。 特斯拉(Tesl ...

今天，就让我们深入剖析，揭开这个金融巨头的神秘面纱。 以下文章来源于砺石商业评论 ，作者王剑 砺石商业评论 . 专注思想与案例的价值。通过传播以利他主义、专业主义与长期主义为核心的"美好商业"观念，以促进 全球新商业文明体系的构建，进而实现一个人人希冀的美好社会。 来源 | 砺石商业评论 作为全球最知名的另类投资公司，黑石集团（Blackstone Group）从一家名不见经传的小公司发展成为 至今市值近千亿美元、业务丰富多元的另类投资机构，其独特的商业模式和卓越的资产管理能力，成为 了无数投资从业者心中的灯塔。 那么，黑石集团究竟是如何崛起的？又为何犹如金融浪潮中的弄潮儿，总能在波涛汹涌中找到前行的方 向？ 华 尔 街 " 忘 年 交 " 的 创 业 之 路 1985年，纽约曼哈顿一间不足30平方米的办公室里，两位雷曼兄弟前高管——彼得·彼得森（Peter Peterson）与史蒂夫·施瓦茨曼（Stephen Schwarzman），正为一家新公司的名字争论不休。 彼得森比施瓦茨曼年长了21岁，入职雷曼兄弟之前是时任美国总统尼克松的商务部部长，拥有强大的商 界及政界的关系网络。 相比经验老到的彼得森，施瓦茨 ...

Core Viewpoint - The company reported a revenue increase of 9.59% year-on-year for 2024, driven by market demand recovery and new product launches, while Q1 2025 showed a significant revenue growth of 20.94% year-on-year despite a quarter-on-quarter decline [1] Financial Performance - For 2024, the company achieved a total revenue of 35.14 billion yuan and a net profit of 3.62 billion yuan, with a year-on-year increase of 10.14% [1] - In Q1 2025, the company reported a revenue of 8.09 billion yuan, a year-on-year increase of 20.94%, but a quarter-on-quarter decrease of 30.61% [1] - The gross margin for 2024 was 20.76%, a decrease of 0.58 percentage points year-on-year, while the net margin was 10.30%, an increase of 0.05 percentage points year-on-year [1] Product Segmentation - Revenue from communication boards, consumer electronics and computer boards, and automotive and server boards for 2024 was 24.24 billion yuan, 9.75 billion yuan, and 1.03 billion yuan respectively, with year-on-year growth rates of 3.08%, 22.30%, and 90.34% [1] - AI-related products accounted for over 45% of the revenue in the consumer electronics and computer boards segment, which generated 9.75 billion yuan in 2024 [3] Strategic Initiatives - The company is focusing on AI integration across its product lines, establishing a comprehensive product matrix for AI consumer electronics, including AI smartphones, PCs, and glasses [3] - Significant capital expenditure is planned for 2025, targeting projects such as the Thailand facility, flexible board expansion, and digital transformation [4] - The company is advancing its automotive PCB product development and market entry, achieving mass production of radar computing boards and domain control boards in 2024 [4] Market Outlook - The recovery in consumer electronics demand, driven by policy support and AI technology penetration, is expected to provide substantial growth opportunities for the company [5] - Forecasted net profits for 2025-2027 are 4.13 billion yuan, 4.93 billion yuan, and 5.73 billion yuan respectively, with corresponding EPS of 1.82 yuan, 2.14 yuan, and 2.47 yuan [5]

Core Insights - The overall growth rate of foreign trade is slowing down, with a slight recovery expected in 2024, as export locations shift from Europe and the United States to Southeast Asia and emerging markets [1][6] - Foreign trade B2B companies are prioritizing refined operations to enhance revenue and risk resilience, with 3-5% of net profits allocated to digital transformation, and 15-25% of that for SaaS tool procurement [1][16] - The SaaS market for foreign trade B2B is projected to reach approximately 7.8 billion yuan in 2024, with a growth rate of 29.8% [2][42] Group 1: Market Environment - The export growth rate for various categories has slowed in 2023 compared to 2022, but a slight recovery is anticipated in 2024, particularly in machinery and equipment [6] - B2B e-commerce is becoming increasingly dominant in the overall foreign trade market, accounting for about 70% of cross-border e-commerce transactions [6][8] Group 2: Digital Transformation and SaaS - Digital transformation is seen as a solution to the challenges faced by foreign trade companies, including market anchoring, customer acquisition, and cost reduction [11] - The digitalization level of foreign trade B2B companies is approximately 40%, with a willingness to invest 3-5% of net profits in digital initiatives, particularly in SaaS tools [16][18] Group 3: SaaS Product Categories - Foreign trade B2B SaaS can be categorized into four main areas: business growth, operational management, cross-border payment, and compliance [18] - The integration of product functions is leading to a more unified approach to foreign trade operations, with tools for website building, marketing, and customer management becoming increasingly interconnected [22] Group 4: AI Integration - AI is being utilized in various marketing scenarios, such as content generation and customer data analysis, with a focus on enhancing decision-making capabilities [25][35] - The application of AI in ERP systems is evolving, transitioning from basic efficiency improvements to more complex decision-making support [35][37] Group 5: Competitive Landscape - The foreign trade B2B SaaS market is characterized by a concentration of leading players in business growth and compliance sectors, while website building and ERP markets remain relatively fragmented [51] - The competitive advantages of SaaS providers vary, with platform-based firms focusing on traffic acquisition and resource-based firms emphasizing ecosystem integration [48]

Core Viewpoint - European countries are showing renewed interest in nuclear energy, reversing previous opposition due to the energy crisis and the need for stable energy sources [1][3][5] Group 1: Legislative and Policy Changes - Belgium's parliament voted 108 to 8 to abandon its nuclear phase-out plan, indicating a significant policy shift [1] - Denmark is considering breaking a 40-year nuclear energy ban, with the climate minister stating that solar and wind energy alone cannot support the electricity system [1][3] - The European Commission agreed to include existing nuclear power plants in electricity market reforms, allowing governments to apply for contracts to extend their operational lifespan [3] Group 2: Public Opinion and Support - A January poll showed that 55% of Danes support ending the nuclear ban, up from 46% in 2022, while only 27% wish to maintain it [3] - In Germany, 55% of the population supports nuclear energy, with 32% favoring the construction of new reactors [3] Group 3: Industry Developments - France is committed to extending the lifespan of its reactors and developing new European Pressurized Reactors (EPR) [1][3] - The UK and France have agreed to extend the operational life of existing reactors, with the UK simplifying the construction process for small modular reactors (SMRs) [5] - Czech Republic plans to increase the number of reactors from one to four by 2040, while Poland is set to build six SMRs [5] Group 4: Nuclear Energy and AI Demand - The demand for nuclear energy is being supported by the growth of data centers, with a projected increase in electricity demand of over 160% by 2030 [6][7] - Major tech companies like Google and Amazon are investing in advanced nuclear energy projects to meet their energy needs [6][7] - AI's growth is expected to require an additional 50 GW of power by 2027, equivalent to about 50 new nuclear power plants [7]

证券代码：002106 证券简称：莱宝高科 深圳莱宝高科技股份有限公司 投资者关系活动记录表 编号：2025-009 投资者关系活动 类别 √特定对象调研 □分析师会议 □媒体采访 □业绩说明会 □新闻发布会 □路演活动 √现场参观 □其他 参与单位名称及 人员姓名 财通证券资产管理有限公司：虞圳劬 开源证券股份有限公司：张威震 深圳市榕树投资管理有限公司：彭慧婷 深圳青朴资本管理有限公司：严朴 深圳证金投资管理有限公司：李强 国信证券股份有限公司：占肖 深圳光速亿达投资咨询有限公司：张惠 深圳市人工智能产业协会 AIGC 委员会：曾伦兴 时间 10:00-12:10 地点 深圳市光明区光源四路 9 号 公司光明工厂二期办公楼三楼 306 会议室 上市公司接待人 员姓名 董事会秘书：王行村、证券事务代表：曾燕 投资者关系活动主要内容介绍 本次调研活动由深圳莱宝高科技股份有限公司（以下简称"公司"）董事会秘 书带领调研人员参观了公司展厅，然后在会议室向参与调研人员主要介绍了公司 2024 年年报、主营业务情况、近期生产经营情况、所处行业发展现状及未来发展趋 势、产品相关技术发展现状及未来发展趋势、新产品研发以及 ...

高通技术公司高级副总裁兼手机业务总经理Chris Patrick表示："凭借第四代骁龙7移动平台，我们为骁 龙7系带来全新可能性，将AI驱动的体验直接融入硬件，让用户更轻松地拍摄、创作和分享。在 Snapdragon Sound™骁龙畅听技术加持下，该平台支持多项顶级音频技术，包括首次在骁龙8系之外支 持高通扩展个人局域网（XPAN）技术，为更广泛的用户带来前沿的多媒体体验。" 另据高通技术公司产品市场资深经理Carina Affinito介绍，骁龙8系为旗舰系列，骁龙7系主要面向高端 智能手机，骁龙6系针对中端设备，骁龙4系则是入门级产品。值得注意的是，第四代骁龙7属于标准版 平台，定位为性能与价格的平衡点，主要针对400-600美元价位段的智能手机市场。 高通面向终端侧AI的研究可追溯到约十五年前。目前，高通已推出搭载高通AI引擎的第十代产品，AI 引擎广泛应用于手机、PC、汽车等平台。作为智能终端芯片领域的龙头企业，高通为在终端上更高效 地支撑生成式AI应用而加速移动端的持续创新，将有助于其在AI时代实现领跑。 作者 沈建缘 5月15日，高通技术公司推出最新骁龙7系产品——第四代骁龙®7移动平台。这一全 ...

Core Insights - The report indicates that foreign direct investment (FDI) in Europe is unlikely to recover immediately, with a significant decline in investment projects from the US [1][6] - In 2024, European FDI is projected to drop to a nine-year low, with a 5% decrease in projects and a 16% reduction in jobs created [1][3] FDI Trends in Major European Countries - France remains the top destination for foreign investment in Europe, despite a 14% decrease in project numbers; the country is becoming a key hub for AI investment [1][3] - The UK experienced a 13% decline in FDI projects in 2024, shifting focus towards high-quality projects and significant growth in R&D investment by 32% [5][6] - Germany's FDI is primarily driven by expansion projects, with a 17% decrease in project numbers; Asian investors continue to play a crucial role [5][6] Regional Performance - Spain saw a notable increase in FDI projects, with a 15% rise, making it the fourth-largest destination for foreign investment in Europe [5][6] - Other countries with significant FDI growth include Denmark (86%), Austria (31%), and Switzerland (25%), driven by increased business services and marketing projects [5][6] Manufacturing and Sectoral Insights - FDI in the manufacturing sector in Europe declined by 9%, reaching the lowest level of new projects since 2020, with a 25% reduction in jobs created [6][7] - The software and IT services sector, traditionally the largest for foreign FDI, saw a 17% decline, attributed to tightened outsourcing budgets [6][7] Investor Sentiment and Future Outlook - 37% of surveyed companies have reduced their investment plans in Europe, with a drop in the percentage of companies intending to invest in Europe over the next 12 months from 72% to 59% [6][7] - Despite current challenges, 61% of respondents still expect improvements in European FDI over the next three years, with potential growth areas identified in renewable energy, semiconductors, pharmaceuticals, AI, and electric vehicles [8][9]

Core Insights - The essence of travel is to break free from daily routines and recalibrate life in unfamiliar settings, highlighting the richness found in desolation and the beauty of human connections [1][4] - AI is increasingly integrated into travel, enhancing planning, personalization, and cultural experiences, while also prompting reflections on the nature of travel in the AI era [1][2] Group 1: The Meaning of Travel - Travel represents a life beyond daily existence, an encounter between individuals and the world, and the most profound journeys stem from authenticity [1][2] - The AI era offers tools for better travel planning, real-time translation, and personalized experiences, making travel more convenient and enjoyable [1][2] Group 2: Cultural Awakening and Personal Growth - There is a resurgence of interest in traditional culture among the youth, as evidenced by the popularity of traditional clothing and instruments, emphasizing the importance of experiencing cultural heritage firsthand [2] - Young travelers are encouraged to embrace challenges and personal growth through travel, reflecting on historical figures who sought knowledge and experience through exploration [2] Group 3: Human Connections - In an increasingly virtual world, the value of genuine human interactions during travel is emphasized, encouraging openness to kindness and shared experiences [2]

Group 1 - Hu Hengsong has been appointed as the Executive Vice President of Caida Securities, bringing extensive experience in fixed income business, which may aid in the company's business expansion [1] - The appointment of Hu Hengsong could introduce new strategic directions for the company, and the market will need to observe the execution effects [1] - The overall competition in the securities sector is intense, and this change may enhance the company's market visibility [1] Group 2 - The China Securities Association has revised the securities dispute mediation rules, introducing a small claims fast-track mechanism to improve investor rights protection efficiency [2] - The revised rules aim to enhance the satisfaction and sense of gain for the public in dispute mediation, potentially benefiting the securities sector by increasing investor confidence [2] - This initiative may lead to a reduction in the cost of rights protection for investors and could impact the operational costs of securities firms [2] Group 3 - Wu Chaoze has been appointed as a member of the Party Committee of CITIC Securities, highlighting the company's emphasis on research capabilities [3] - Wu Chaoze's extensive experience in the TMT and technology sectors is expected to strengthen the company's investment research capabilities [3] - This appointment may boost market confidence in CITIC Securities and increase activity in the brokerage sector [3] Group 4 - The FOF market has seen a strong issuance wave in 2025, with new FOFs totaling 23 billion yuan, a year-on-year increase of over 400% [4] - The mixed bond FOFs have emerged as the dominant type in this issuance wave, appealing to investors seeking stable returns in volatile markets [4] - The multi-asset strategy is considered the optimal solution in the current market environment, and FOFs are becoming crucial for institutional asset management [4]