华见早安之声 请各位听众升级为见闻最新版APP，以便成功收听以下音频。 市场概述 微软AI支出引爆忧虑，股价暴跌10%，拖累美股大盘。贵金属巨震。 纳指跌0.72%。微软一度暴跌12%、收跌10%，创2020年以来最大日跌幅，市值蒸发是美股史上第二大。Meta大涨超10%。特斯拉跌超3%。周四美股盘后公 布业绩后，苹果一度涨超2%、闪迪大涨12%。 10年期美债收益率小幅下跌0.6个基点至4.233%。 币圈重挫。比特币大跌6%、至两个月低点。以太坊跌超7%、跌破2800美元。 金价早盘曾大涨3.3%、逼近5600美元历史高位后跳水，一度较日高暴跌近9%，随后跌幅收窄。白银创下121美元的历史新高后，一度重挫超12%。铜价一度 大涨超11%，随后涨势回落、日内纽铜仍涨超6%。美伊局势支撑原油三连涨、日内涨3%，美油站上65美元。 亚洲时段，沪指震荡收涨，白酒爆发、贵州茅台涨逾8%，地产大涨，恒科指跌1%，芯片调整，沪金银铜飙升。 要闻 中国 习近平会见英国首相斯塔默。中英双方在英国首相斯塔默访华期间达成一系列积极成果。 外交部回应：中国已批准进口首批英伟达H200人工智能芯片？黄仁勋：此次访华行程"非常成功" ...

Group 1 - The core point of the article is that Southbound funds have reduced their holdings in Melco International Development (00200.HK) by 326,000 shares on January 29, 2026, while there have been net increases in holdings on 3 out of the last 5 trading days, totaling 1.734 million shares [1] - Over the past 20 trading days, Southbound funds have increased their holdings on 11 days, with a total net increase of 537,000 shares [1] - As of now, Southbound funds hold 14.5 million shares of Melco International Development, accounting for 6.38% of the company's total issued ordinary shares [1] Group 2 - On January 29, 2026, the total number of shares held was 145 million, with a decrease of 326,000 shares, representing a change of -0.22% [2] - On January 28, 2026, the total number of shares held was 146 million, with a decrease of 584,000 shares, representing a change of -0.40% [2] - The company operates primarily in the entertainment and hotel business, providing services such as gaming, accommodation, dining, entertainment performances, shopping, and conference exhibitions through its integrated resort business [2]

马斯克还重点介绍了即将推出的Cybercab无人驾驶出租车。这款车辆将取消方向盘设计，预计于今年4 月左右开始生产，并配套推出无需安全驾驶员的自动驾驶网约车服务，计划率先在部分城市落地运营， 进一步强化特斯拉在Robotaxi商业化路径上的时间表。 此外，公司还提到正在推进自研AI5芯片，并不排除在美国建设本土"Terafab"半导体工厂，以降低长期 芯片供应与地缘政治风险。这些表态显示，特斯拉正在试图将自身定位为AI硬件与智能制造平台，而 非单纯的电动车企业。 特斯拉(TSLA.US)最新向投资者更新战略方向，强调其未来将不再是一家传统汽车制造商，而是全面转 向自动驾驶、机器人以及能源业务，市场对其"再定位"叙事给予短线积极反馈。 特斯拉首席执行官马斯克表示，公司已重新修订使命，目标是实现"惊人的丰裕"。他强调，人工智能与 机器人将成为特斯拉未来的核心，而非追求更大的汽车销量规模，这意味着特斯拉的长期价值将更多取 决于自动驾驶与机器人生态的兑现。 为推动这一战略转型，特斯拉预计2026年资本开支将超过200亿美元。公司披露，计划停止Model S/X车 型生产，并将弗里蒙特工厂相关产能改造为Optimus人 ...

Market Performance - The Shanghai Composite Index fell by 0.1% at midday, while the ChiNext Index decreased by 0.05% [1] - AI application themes rebounded, with short drama games and e-commerce leading the gains [1] - The non-ferrous metals sector continued its strong performance, with gold and copper showing significant increases [1] - Real estate, liquor, and agriculture sectors performed well [1] - Semiconductor, AI computing, robotics, and consumer electronics concept stocks experienced adjustments [1] ETF Movements - Two Brazilian ETFs continued to rise, with the Huaxia Fund Brazilian ETF increasing by 7.74% [1] - Gold prices reached a new historical high, with the Fidelity Fund Gold ETF, Bosera Gold ETF, and GF Fund Shanghai Gold ETF all rising by 5.15% [1] - AI applications rebounded, with the online consumption ETF from ICBC and GF Fund Media ETF increasing by 4.88% and 4.5%, respectively [1] - The semiconductor sector declined, with the semiconductor equipment ETFs from E Fund dropping by 2.8% [1] - The consumer electronics sector adjusted, with consumer electronics ETFs from E Fund falling by 2.15% [1]

Group 1 - Investment Rating: Buy (Maintain) [1] - Current Price: 30.12 CNY, Market Capitalization: 30,031.09 million CNY [5] - Recent Performance: The stock has shown a significant increase of 79.2% over the past 12 months compared to the CSI 300 index [7] Group 2 - Core Viewpoint: The report highlights the company's multi-field applications and the continuous growth ceiling, focusing on the demand from sectors like electric vehicles, AI, and robotics for MLCC products [8] - MLCC Demand Growth: The company is a leading manufacturer of MLCC ceramic powders, with expected revenue of 624 million CNY in 2024, driven by increasing demand from new products [9] - Catalytic Materials Opportunity: The upgrade of exhaust emission standards presents a significant opportunity for the company's catalytic materials segment, with projected revenue of 787 million CNY in 2024 [10] - Precision Ceramics Growth: The precision ceramics segment is expected to achieve revenue of 351 million CNY in 2024, with a strong growth rate of 41.68% [11] - New Materials Development: The company is actively developing solid-state electrolytes and other new materials, with expected revenues of 45.53 billion CNY, 57.52 billion CNY, and 70.56 billion CNY from 2025 to 2027 [30][31] Group 3 - Revenue Forecast: The company anticipates revenues of 45.53 billion CNY in 2025, 57.52 billion CNY in 2026, and 70.56 billion CNY in 2027, with corresponding net profits of 7.05 billion CNY, 9.13 billion CNY, and 11.36 billion CNY [30][31] - Market Position: The company is positioned to benefit from the growing demand in the new materials sector, with a focus on technological advancements and product development [30][31] - Strategic Development: The company is enhancing its product offerings and expanding its market share in response to the evolving needs of the electronics and automotive industries [70]

以下文章来源于时代周报 ，作者曹杨 任琰 时代周报 . 记录大时代，深读全商业。互联网新闻信息服务许可证编号：44120230006 1月29日，特斯拉（TSLA.US）发布了2025年第四季度及全年财务报告。 财报显示，特斯拉第四季度营收达 249.01亿美元，同比下降约3%；其中汽车业务收入为176.93亿美元，同比下降约11%。归属于特斯拉普通股股 东的净利润为8.4亿美元，同比下降约61%；非GAAP净利润为17.61亿美元，同比下降约16%。 | (nugunurea) | | | | | | | | --- | --- | --- | --- | --- | --- | --- | | ($ in millions, except percentages and per share data) | Q4-2024 | Q1-2025 | Q2-2025 | Q3-2025 | Q4-2025 | YoY | | Total automotive revenues | 19,798 | 13,967 | 16,661 | 21,205 | 17,693 | -11% | | Energy gener ...

Core Viewpoint - Zhejiang Rongtai Electric Equipment Co., Ltd. has submitted its listing application to the Hong Kong Stock Exchange, with CITIC Securities as the sole sponsor [1] Company Overview - Zhejiang Rongtai is a pioneer and leader in the global new energy mica composite materials and related products, becoming a major supplier in the new energy sector [4] - The company has strategically entered the precision structural components field through acquisitions and aims to enhance product R&D and production processes [4] - Revenue primarily comes from the sales of mica composite materials, including safety components for electric vehicles and flame-retardant insulation parts for household appliances [4] Financial Performance - Revenue for the fiscal years 2023 and 2024 is projected to be approximately RMB 800.3 million and RMB 1.134 billion, respectively [7] - Profit for the same periods is estimated at RMB 171.8 million for 2023 and RMB 230.3 million for 2024 [8] - The company’s revenue breakdown shows a significant contribution from new energy products, with a market share of 22.6% globally and 14.1% in China for mica products in 2024 [5][11] Industry Overview - The application of mica products in the new energy sector is expanding, particularly in electric vehicles, power batteries, and energy storage systems [10] - The global market for mica products in the new energy sector is expected to grow from RMB 3 billion in 2020 to RMB 40 billion by 2024, with a compound annual growth rate (CAGR) of 84.9% [10] - By 2025, the market size is projected to reach RMB 53 billion globally and RMB 41 billion in China, with a CAGR of 26.7% from 2025 to 2029 [11] Strategic Initiatives - The company plans to consolidate its industry-leading position by expanding lean manufacturing capacity, accelerating R&D, and enhancing its global marketing network [6] - Investment in mica composite materials and precision structural components will be increased to support long-term growth [6]

Core Viewpoint - Tesla's future growth may be constrained by chip production capacity, necessitating the construction of its own TerraFab mega fab to integrate various semiconductor manufacturing processes [2][5]. Group 1: Chip Supply Challenges - Elon Musk indicated that existing suppliers like TSMC, Samsung, and Micron are unable to meet Tesla's chip demand, which is critical for its AI, autonomous driving, and robotics projects [4][5]. - The need for Tesla to potentially produce its own chips has been emphasized, as it is seen as a major bottleneck in the competitive AI race [5]. Group 2: TerraFab Mega Fab - The proposed TerraFab will consolidate logic processes, memory semiconductors, and advanced packaging, allowing for a comprehensive chip manufacturing process [2]. - Establishing such a facility will require a significant investment, potentially amounting to hundreds of billions of dollars, and will take considerable time to become operational [5]. Group 3: Strategic Expansion - This initiative represents Tesla's expansion beyond its core electric vehicle business, highlighting its commitment to securing chip supply for future technological advancements [2].

Group 1 - Zhejiang Rongtai Electric Equipment Co., Ltd. has submitted a listing application to the Hong Kong Stock Exchange, with CITIC Securities as the sole sponsor [1] - The company is a pioneer and leader in the global market for new energy mica composite materials and related products, having expanded its business from mica products to key precision components for robots [1] - According to Frost & Sullivan, Zhejiang Rongtai ranks first in the global mica products market for new energy, with a market share of 22.6%, and also holds the top position in China with a market share of 14.1% [4] Group 2 - The increasing stringency of policies and safety standards, along with the growing emphasis on safety in downstream industries, is expected to expand the application scenarios for mica products in the new energy vehicle sector, thereby releasing further market potential [4] - Continuous improvements in product performance and technology will enable mica products to meet a wider range of application needs [4]

柯力传感（603662.SH）1月29日在投资者互动平台表示，公司子公司上海飞轩传感器技术有限公司部 分高精度产品在关键性能指标上已实现技术突破，达到国内同类产品的先进水平。同时，其电流传感器 产品已进入机器人领域客户的送样测试阶段，从送样测试至最终实现批量供货，通常需经历客户严格的 验证与审核流程，具体周期与结果仍存在不确定性，敬请广大投资者注意相关风险。 每经AI快讯，有投资者在投资者互动平台提问：请问子公司上海飞轩的电流传感器产品，目前在人形 机器人关节电机控制领域的验证进展如何？ （文章来源：每日经济新闻） ...