曾在家电红海中打得你死我活的本土"传统"家电巨头们，居然有坐下来互谈合作的一天，这不禁让很多人感叹"活 久见"。 5月7日，美的集团与海信集团宣布达成战略合作，双方将围绕AI应用、全球先进制造、智慧物流等多领域开展全 面战略合作。当天美的集团董事长方洪波和海信集团董事长贾少谦都出席了签约仪式，越发显示出这场合作的分 量。 一般都说同行是冤家，特别是在早已进入存量竞争的国内家电市场。但这场家电行业鲜见的巨头合作对外释放出 一个新信号，随着全球经济、科技环境逐渐变化，以及家电企业们将触角伸向更多新领域，巨头们刺刀见红的对 战时代逐渐淡去，一个抱团应对挑战的竞合时代即将到来。 老对手的新合作 看起来，美的集团和海信集团的合作更多聚焦在AI科技、智能制造、物流等后台能力。 据美的集团和海信集团官方账号所发布的消息，两家公司将在各自数字化实践的基础上，开展广泛的数字化和AI 应用平台的开发与合作，特别是推动AI智能体在制造、物流等众多领域的应用，并将围绕绿色工厂、工业互联 网、全球产能布局等方面展开合作。此外，双方在联合开展核心技术攻坚，探索工艺创新，推动跨界工艺融合与 人才联合培养的同时，还将在生产物流协同、智能仓网 ...

Core Insights - American Rebel Holdings, Inc. is actively promoting its American Rebel Light Beer through sponsorship of the NHRA 4-Wide Nationals, enhancing brand visibility and engagement with racing fans [1][5][10] - The company has experienced significant viewership growth, with original broadcasts attracting over 700,000 viewers and expected final totals reaching up to 1 million [10] - American Rebel Light Beer is positioned as a patriotic brand, aligning its marketing strategy with American values and the excitement of motorsports [5][14] Company Overview - American Rebel Holdings, Inc. operates primarily as a designer, manufacturer, and marketer of branded safes and personal security products, recently expanding into the beverage industry with American Rebel Light Beer [16] - The company emphasizes its commitment to quality and patriotism in its product offerings, with American Rebel Light Beer being marketed as a premium domestic light lager [14][15] Marketing and Sponsorship - The title sponsorship of the NHRA 4-Wide Nationals represents a significant milestone for American Rebel Light Beer, reinforcing its event-driven marketing approach [5][10] - The brand's promotional activities at the event included trackside activations, sampling stations, and a live concert by the CEO, enhancing fan engagement [10][11] Product Details - American Rebel Light Beer is characterized by its all-natural ingredients, lower calorie count (approximately 100 calories per 12 oz serving), and a balanced lifestyle appeal [15] - The beer is marketed as "America's fastest growing beer," reflecting its rapid expansion and popularity since its launch in September 2024 [2][14] Performance Highlights - The NHRA 4-Wide Nationals featured high-speed racing with cars capable of exceeding 300 mph, showcasing the thrilling environment that aligns with the brand's identity [2][10] - The American Rebel Light Funny Car, driven by champion Matt Hagan, symbolizes the brand's bold and patriotic spirit, further enhancing its presence in motorsports [7][8]

发布时间：2025-05-08 证券研究报告：电子 | 公司点评报告 股票投资评级 瑞芯微(603893) 盈利能力逐季改善，AIoT SoC 平台纵深布局 ⚫ 事件 公司发布 2024 年年报及 2025 年一季报。2024 年，公司实现营 业收入 31.36 亿元，同比增长 46.94%；实现归母净利润 5.95 亿元， 同比增长 341.01%。25Q1 单季，公司实现营业收入 8.85 亿元，同比 增长 62.95%；实现归母净利润 2.09 亿元，同比增长 209.65%。 ⚫ 投资要点 AIoT 驱动业绩高增长，汽车电子、机器人等领域高速增长。公 司 25Q1 业绩表现亮眼，主要得益于 AIoT 市场的迅猛增长，尤其是 在汽车电子、工业视觉、工业检测以及各类机器人等新兴应用的快 速增长。以 Deepseek 为代表的国内 AI 大模型技术开源化，为边 缘、端侧的 AIoT 快速发展带来全新机遇。1）汽车电子：智能座舱 RK3588M 已量产车型十余款，超二十余款定点项目同步推进，在业 内知名度持续提升；车载 AI 音频处理器平台 RK2118M 作为业界领先 的集成 NPU 的汽车音频处理器，已成 ...

证券研究报告：电子 | 公司点评报告 发布时间：2025-05-08 股票投资评级 瑞芯微(603893) 盈利能力逐季改善，AIoT SoC 平台纵深布局 ⚫ 事件 公司发布 2024 年年报及 2025 年一季报。2024 年，公司实现营 业收入 31.36 亿元，同比增长 46.94%；实现归母净利润 5.95 亿元， 同比增长 341.01%。25Q1 单季，公司实现营业收入 8.85 亿元，同比 增长 62.95%；实现归母净利润 2.09 亿元，同比增长 209.65%。 ⚫ 投资要点 AIoT 驱动业绩高增长，汽车电子、机器人等领域高速增长。公 司 25Q1 业绩表现亮眼，主要得益于 AIoT 市场的迅猛增长，尤其是 在汽车电子、工业视觉、工业检测以及各类机器人等新兴应用的快 速增长。以 Deepseek 为代表的国内 AI 大模型技术开源化，为边 缘、端侧的 AIoT 快速发展带来全新机遇。1）汽车电子：智能座舱 RK3588M 已量产车型十余款，超二十余款定点项目同步推进，在业 内知名度持续提升；车载 AI 音频处理器平台 RK2118M 作为业界领先 的集成 NPU 的汽车音频处理器，已成 ...

Both my spouse and I have a DPhil from Oxford University. Mine is in Cell Physiology and his is in Bio-organic Chemistry. Growing wealth sustainably is our goal. Investing in R&D biotech is our focus. My articles and comments are not financial advice, as I am not a financial adviser. I wrote SA articles for readers who find reading & considering SA articles helpful to their own research. All the best in seeking & finding alpha through biotech investing!Analyst’s Disclosure: I/we have a beneficial long posit ...

新方案中，康希通信以1.35亿元受让芯中芯35%股权，交易估值基于评估价值3.85亿元，对应2024年净 利润（1610万元）的市盈率约23.9倍。交易完成后，芯中芯创始人鲁霖仍为第一大股东（持股 44.32%），康希通信成为第二大股东，并签署《业绩补偿协议》保障投资收益。 从财务数据看，康希通信2024年营收5.23亿元，同比增长25.98%，但归母净利润亏损7613万元，同比扩 大867.3%，主要受研发投入增加（2024年研发费用占比20.59%，同比+5.42pct）及市场竞争加剧影响。 芯中芯则持续盈利：2024年营收3.95亿元，净利润1610万元；2025年一季度营收1.18亿元，净利润1290 万元。 2025年5月6日，科创板射频前端芯片企业康希通信（688653.SH）发布公告，宣布终止筹划近半年的重 大资产重组计划，转而以1.35亿元战略投资深圳市芯中芯科技有限公司（以下简称"芯中芯"），持股比 例提升至37.77%。 2024年11月，康希通信曾公告拟通过现金收购芯中芯股权至51%，以实现控股。该交易原预计构成重大 资产重组，但因"短期内实施条件不成熟"而终止。公告显示，芯中芯在Wi- ...

证券研究报告 电子 | 消费电子 非金融|公司点评报告 hyzqdatemark 2025 年 05 月 08 日 证券分析师 葛星甫 SAC：S1350524120001 gexingfu@huayuanstock.com 王硕 SAC：S1350524120002 wangshuo@huayuanstock.com 市场表现： | 基本数据 | | | | 2025 | 年 | 05 | 月 07 | | | 日 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 收盘价（元） | | | | | | | 77.48 | | | | | | 年 最 | 最 | 高 | / | | | | | 内 | 低 | | 一 | | （元） | | | | | | | | | | | | | 资料来源：聚源数据 | | | | | | | | | | | | | | | | | | | | 151.49/71.00 | | | | | | 总市值（百万元） | | | | | | | 88,354.36 | ...

Investment Rating - The investment rating for the company is "Buy" [1] Core Views - The company has shown significant revenue and profit growth, with its smart watch chips contributing as a second growth driver, while the smart home and AIoT markets are poised for expansion [3][8] - The Bluetooth audio chip business has rebounded strongly, and the new product BES2800 is expected to solidify the company's leading position in the market [3][8] - The company maintains a "Buy" rating based on its current valuation levels and growth prospects [5] Financial Summary - The company’s revenue for 2024 is projected to be RMB 3,263 million, representing a year-over-year growth of 49.9% [7] - The net profit for 2024 is expected to reach RMB 460 million, with a substantial year-over-year increase of 272% [7] - The estimated EPS for 2025 is RMB 6.97, with a significant upward adjustment of 43.7% from previous estimates [7][5] - The company’s total market capitalization is approximately RMB 52.1 billion, with corresponding PE ratios for 2025, 2026, and 2027 projected at 62.2, 45.5, and 35.9 respectively [5][7] Growth Drivers - The smart watch and wearable device market is expected to see a surge, with the company’s smart watch chip revenue projected to grow by 116% year-over-year in 2024 [8] - The company’s investment in R&D continues to increase, with R&D expenses reaching RMB 617 million in 2024, a 12% increase from the previous year [8] - The new generation of smart Bluetooth audio chips is anticipated to enhance the performance and connectivity of wearable devices, further driving growth [8]

Group 1 - Khaveen Investments is a global Investment Advisory Firm serving high-net-worth individuals, corporations, associations, and institutions [1] - The firm offers comprehensive services including market and security research, business valuation, and wealth management [1] - The flagship Macroquantamental Hedge Fund maintains a diversified portfolio across various asset classes, geographies, sectors, and industries [1] Group 2 - Khaveen Investments employs a multifaceted investment approach integrating top-down and bottom-up analysis [1] - The investment strategies include global macro, fundamental, and quantitative approaches [1] - The firm's core expertise focuses on disruptive technologies such as Artificial Intelligence, Cloud Computing, 5G, Autonomous and Electric Vehicles, FinTech, Augmented and Virtual Reality, and the Internet of Things (IoT) [1]