努曼陀罗（丽江）管理咨询合伙企业执行事务合伙人霍虹屹对《证券日报》记者表示，在新能源车、储 能、轨交等领域带动下，高端电容膜市场正迎来结构性扩容。在"双碳"目标推动下，功率电子加速向轻 量化、小型化、高耐压发展，电容膜处于技术密集度提升与国产化生产加快的双重周期中。 他还表示，华生科技此时进入高端电容膜市场，正值下游需求扩张与国产替代加快推进之际。公司项目 快速推进、初步完成产线验证，具备一定切入基础。但高端电容膜技术门槛高、客户认证周期长、市场 集中度高，新进入者仍需在产品稳定性与客户拓展之间建立长期竞争力。 该项目于2022年立项，总投资约4.7亿元，是华生科技近年来战略转型的重点工程之一。公告显示，尽 管目前电容薄膜业务在公司整体营收中占比仍小，但项目的推进将有助于完善产品布局、提升综合竞争 力，并培育新的利润增长点。从公司长期战略来看，该项目亦被视为探索"第二增长曲线"的关键支点。 未来，公司计划通过技术与管理创新，推动产品有序进入行业中高端市场。 电容薄膜是电容器制造的核心材料之一，广泛应用于新能源汽车、储能系统、轨道交通、光伏逆变器等 领域。该类材料对介电性能、热稳定性、绝缘性等方面有较高要求，属 ...

二、三个阶段性市场机遇 2025年上半年，我国汽车产销在政策与市场的双重驱动下交出亮眼成绩单，但业内普遍对下半年市 场行情表示担忧。有人认为，由于上半年透支消费，加之政策边际效应减弱，下半年汽车市场可能出现 明显收缩，预判全年汽车产销规模大致与2024年相当。但笔者认为，尽管近年来国内汽车市场受大环境 影响，增长出现乏力，但在行业创新聚力、配套政策给力、消费释放潜力"三力"叠加作用下，下半年汽 车市场将总体保持稳定，部分地区和细分市场仍有增长空间。 一、三大确定性支撑力量 一是多项促消费政策稳定延续，持续巩固市场规模。当前我国经济正处于巩固回升向好的关键阶 段，党的二十届三中全会和中央经济工作会议明确提出，稳增长、扩内需是当前经济工作的核心任务。 在顶层战略指引下，国家发布"两新"系列政策，明确开展汽车以旧换新和报废更新，设置了明确的实施 周期和政策目标。同时，新能源汽车车辆购置税减免政策将按既定计划延续至2027年底，公共领域车辆 全面电动化、县域充换电设施补短板等试点也在年初接续实施，进一步降低了新能源汽车购置成本，优 化了消费环境。稳定有力的政策举措有效激发了汽车消费潜力，也为汽车企业研发创新、产品规划 ...

重庆：到2027年 全市智能网联新能源汽车领域新增上市企业5家以上 智通财经7月16日电，重庆市经济和信息化委员会近日就《重庆市智能网联新能源汽车产业链"渝链智 擎"行动计划（2025—2027）》公开征求意见。其中提出，提升金融赋能作用。鼓励市级产业母基金及 相关子基金加大对智能网联新能源汽车零部件领域投资力度，探索在智能网联新能源汽车领域建立政府 引导基金容错机制。做深做实上市协调机制和并购融资金融服务，重点发掘智能网联新能源汽车领域符 合上市条件和并购条件的企业，对上市好苗子早入库、早服务、早培育。完善银行考核评价指标，将金 融支持智能网联新能源汽车产业链情况作为银行机构年度评先评优的重要评价指标。到2027年，全市智 能网联新能源汽车领域新增上市企业5家以上，推出25项以上汽车产业定制化金融产品。 ...

培育人工智能及汽车软件产业。聚焦操作系统、人工智能等领域，持续实施关键软件"揭榜挂帅"项目。 鼓励汽车软件与人工智能企业加强与国内领军企业技术合作，支持整车企业在飞行汽车研发、自动驾驶 训练等领域应用人工智能大模型。支持汽车软件企业围绕"车+X"应用，开展智能座舱、智能驾驶、智 能车控等技术研发。推进高水平软硬件适配中心建设，提升产品研发、集成验证等公共服务能力。开展 软件、硬件、应用和服务一体化适配，完善汽车软件与人工智能技术产品体系。到2027年，力争打造50 个具有核心竞争力的软件产品。 重庆：支持整车企业在飞行汽车研发、自动驾驶训练等领域应用人工智能大模型 智通财经7月16日电，重庆市经济和信息化委员会公开征求对《重庆市智能网联新能源汽车产业链"渝链 智擎"行动计划（2025—2027）》的意见。其中指出，增强产业创新支撑。聚焦智能座舱、智能驾驶、 智能底盘、智能车控、汽车软件、汽车芯片等领域，组织实施人工智能、核心软件、高端器件与芯片、 新能源等重大（重点）专项项目，加大基础研究投入和关键核心技术攻关力度。鼓励整车企业与零部件 企业、高校及科研机构组建智能网联新能源汽车创新综合体，聚焦关键技术研发开 ...

Group 1 - The coal market is showing differentiation due to high temperatures and the ongoing "anti-involution" policy, with thermal coal prices expected to rise supported by seasonal electricity demand, while coking coal prices stabilize due to supply adjustments and demand replenishment [1] - The daily consumption of thermal coal by power plants in eight coastal provinces has exceeded 2.148 million tons, leading to a continuous release of procurement demand, with spot prices for thermal coal rising from 609 CNY/ton to 632 CNY/ton, an increase of 3.8% [2] - Domestic coal supply growth is limited due to high production baselines and safety production pressures during the rainy season, with the operating rate in Shanxi dropping to 70.1% and port inventories decreasing by 19% compared to the peak in the first half of the year [3] Group 2 - Despite short-term demand recovery, the coal industry faces long-term pressure from clean energy alternatives, with thermal power generation decreasing by 72.5 billion kWh in the first five months, leading to a declining share of coal in primary energy consumption [4] - The "anti-involution" policy is driving adjustments in the coking coal market by eliminating low-price competition and accelerating the elimination of backward production capacity, with coking coal prices rebounding by 9.76% to 1,350 CNY/ton [5] - Downstream steel mills maintain high average daily pig iron production of 2.4 million tons, but with the arrival of the summer construction off-season and narrowed export windows, there may be downward pressure on pig iron production [6] Group 3 - The current "anti-involution" policy emphasizes market orientation and structural optimization, aiming to enhance the proportion of advanced production capacity and optimize resource allocation, which may lead to profits concentrating among leading companies [7]

对于科技企业而言，尽管数据中心规模扩大可能带来碳排放增加的挑战，但通过采购可再生能源，这些 企业能够在发展业务的同时，持续推进净零目标的实现。 来源：环球网 负责在美国运营可再生能源工厂的布鲁克菲尔德可再生能源合作伙伴表示，其位于宾夕法尼亚州的 Holtwood和安全港两座水电设施，将通过重新获得许可、进行升级或彻底改造等方式，满足新的电力供 应要求。（纯钧） 【环球网科技综合报道】7月16日消息，据外媒报道，谷歌公司于周二宣布，已与布鲁克菲尔德资产管 理公司旗下的布鲁克菲尔德可再生能源合作伙伴达成协议，将支付超过30亿美元购买无碳水电，此举旨 在为其数据中心提供可持续能源支持，同时推进全球清洁能源转型进程。 据了解，该协议的首批合同包含为期20年的购电协议，总金额达30亿美元。根据协议，谷歌将从宾夕法 尼亚州的两座水电站采购670兆瓦电力。值得注意的是，这一协议是一份更广泛框架协议的组成部分， 该框架协议将允许谷歌总计采购高达3千兆瓦的电力。 当前，谷歌与Meta、亚马逊、微软等超大规模科技企业正积极为不断扩张的数据中心寻求电力供应。 这些数据中心在容纳、训练和托管支撑科技行业当前繁荣发展的人工智能工具方面 ...

点击蓝字，关注我们 三花智控，公司专注于制冷家电和汽车热管理领域40余年，并成为行业龙头。 产品矩阵 公司主要营收分为制冷空调电器零部件业务（59%）和汽车零部件业务（41%）。 制冷业务领域， 公司84 年起家并逐步成长为家用细分全球化龙头。公司的四通阀、电子膨胀阀、电 磁阀、微通道等制冷核心元器件的市场份额均全球第一，公司抓住制冷市场节能趋势不断升级产品实 现再增长。产品主要应用于空调制冷、工业制冷/数据中心冷却、家电、热泵采暖、冷链运输等场 景。 汽零业务领域， 公司87年起前瞻性布局车用阀并成为细分龙头，15年起抓住新能源机遇快速拓产品 和客户，实现同时为传统内燃机汽车和新能源汽车提供热管理控制解决方案。其中，新能源汽车成为 主要收入贡献，22-24年分别为89%、91.1%、91.8%，传统内燃机为11%、8.9%、8.2%。因此公司近 年充分享受新能源汽车快速渗透带来的利润放量，且公司产品较海外巨头布局齐全。 | | 名称 | | | 系统集成 | | | | | 新能源热管理系统部件 | | | | --- | --- | --- | --- | --- | --- | --- | --- | ...

Core Insights - The Chinese automotive market has shown strong performance in the first half of 2025, with retail sales of narrow passenger cars reaching 10.901 million units, a year-on-year increase of 10.8% [1] - Domestic brands have captured a significant market share of 64%, indicating their dominance in the Chinese market [1] - BYD leads the sales chart with 2.146 million units sold, while Geely has seen a remarkable growth rate of 47% year-on-year [1][12] - New energy vehicle sales are on the rise, with companies like Leap Motor and XPeng showing significant growth [1][19] Group 1: Overall Market Performance - As of June 2025, the cumulative retail sales of narrow passenger cars in China reached 10.901 million units, reflecting a 10.8% increase compared to the previous year [1] - Domestic brands have increased their market share to 64%, solidifying their position in the market [1] - BYD has achieved a sales volume of 2.146 million units, maintaining its position as the top seller [12] - Geely's sales have surged by 47%, prompting the company to raise its annual sales target to 3 million units [1][12] Group 2: Performance of New Energy and Emerging Brands - Leap Motor has emerged as a leader among new energy vehicle manufacturers, with monthly sales nearing 50,000 units [1] - XPeng has also shown impressive growth, selling more vehicles in the first half of 2025 than in the entire previous year [1] - The new energy vehicle segment is experiencing rapid growth, with companies like BYD and Geely leading the charge [12][19] Group 3: Traditional Automakers' Performance - Some traditional automakers are showing signs of recovery, with brands like FAW-Volkswagen and SAIC Volkswagen reporting positive year-on-year growth [1][9] - FAW Toyota has seen a significant increase of 16% in sales, indicating a rebound in the joint venture segment [1][9] - However, brands like GAC are struggling, with a decline in sales, highlighting the challenges faced by traditional automakers [1][9] Group 4: Export Performance - SAIC has become a leader in overseas sales, with 494,000 units sold, accounting for nearly 25% of its total sales [10] - Changan has also made strides in international markets, with overseas sales exceeding 300,000 units, a growth of over 45% [10] - GAC has reported a 45.6% increase in overseas sales, completing 55% of its annual export target [10]

北京商报讯（记者 刘洋）7月16日，亚洲数据集团宣布，今年7月30日—31日，2025世界智能汽车大会将在重庆举办。据介绍，本次大会以"智联车路云·聚势 双循环"为主题，聚焦车路云一体化技术革新与双循环战略纵深推进，采用"1+6+8"模式，暨1场开幕式暨主论坛+6场主题论坛+8个专题活动，涵盖技术研 讨、出海领航、跨界融合、资本赋能、跨境贸易、场景应用等多元化论坛主题，以及闭门会、发布会、对接会、展示、大赛、考察智驾体验等多样化专题活 动。 发展智能汽车产业不仅是全面落实"十四五"国家战略及工信部《智能汽车创新发展战略》总体部署的重要实践，更是提升全球竞争力和科技实力的重要力 量。目前，在人工智能、5G通信、物联网等技术持续突破和加持下，中国汽车产业正加速向智能化、电动化、网联化转型。构建开放、协同的智能生态圈 成为行业共识，未来汽车工业竞争的高地，是以发展智能网联新能源汽车产业为支点，构建汽车产业智能新生态。 2025 世界智能汽车大会 WORLD INTELLIGENT VEHICLE CONFERENCE Z 新闻发布 PRESS CONFERENCE 亚洲数据集团总裁朱东方表示，智能网联新能源汽车正引 ...

Core Insights - The 2025 BNEF Shanghai Summit will take place on November 25-26, focusing on major challenges and opportunities in the energy transition process [3] - The summit aims to gather over 600 high-level executives, investors, and policymakers from various sectors including energy, industry, and transportation [3] Partnership Value - Partners will enhance their brand influence in energy, finance, and sustainable development through collaboration with BloombergNEF [4] - Strategic networking opportunities will be provided through customized business meetings and exclusive closed-door sessions [4] - Partners can showcase their expertise by participating in main forum speeches or hosting closed-door roundtables [4] - Opportunities for business development will be available, including showcasing innovative solutions and gaining insights from BloombergNEF's research [4] - Digital communication support will amplify the partnership's impact through BloombergNEF's media network [4] Collaboration Opportunities - Flexible partnership plans will be tailored to align with the brand positioning and development goals of potential partners, covering various dimensions such as brand display, content co-creation, and business expansion [5] - Interested parties are encouraged to contact their BloombergNEF account manager or email for further collaboration details [5]