Core Insights - The article discusses the 10th anniversary of Leap Motor, highlighting the company's technological achievements and future plans, including the launch of the D19 and D99 models, which aim to provide a luxurious experience at an affordable price [2][20] - The strategic partnership with FAW is emphasized, which is expected to enhance Leap Motor's risk resilience while maintaining control by the founding team [10][30] Group 1: D Series Models - The D series is positioned as a flagship line, aiming to elevate the brand's image while maintaining a cost-effective pricing strategy, with prices ranging from 250,000 to 300,000 yuan [8][26] - Leap Motor emphasizes that despite the higher price point compared to previous models, the quality and value proposition can compete with vehicles priced between 500,000 and 1,000,000 yuan [8][26] - The D series is not just a product but a part of a broader strategy to enhance user experience and service quality, with a focus on continuous improvement in marketing and service systems [27] Group 2: Strategic Partnership with FAW - The partnership with FAW is a significant move, marking a collaboration between a state-owned enterprise and a new energy vehicle manufacturer, which raises questions about control and governance [10][28] - Leap Motor's CEO emphasizes the importance of maintaining control by the founding team, ensuring that the company remains stable and resilient against market fluctuations [12][30] - The investment agreement with FAW includes provisions to prevent the latter from seeking a controlling stake, reinforcing the founding team's leadership role [12][30] Group 3: Approach to New Technologies - Leap Motor adopts a pragmatic approach towards emerging technologies like AI and robotics, focusing on a three-year return on investment criterion before committing to significant expenditures [13][31] - The company is cautious about investing in technologies that do not provide immediate consumer value, preferring to conduct preliminary research rather than large-scale investments [15][33] Group 4: International Expansion - Leap Motor is leveraging its partnership with Stellantis to accelerate its international expansion, with a focus on local manufacturing and supply chain integration [34][36] - The company has successfully sold over 300 vehicles in Hong Kong within three months, indicating strong market acceptance [34][35] - Currently, Leap Motor operates over 700 stores globally, benefiting from Stellantis' established supply chain and marketing networks [35][36]

今天沪指翻红了，但是赚钱效应不佳，市场有超3300只股票下跌，涨幅靠前的主要是商业航天、机器人、金融科技。 这三个题材里，商业航天已经涨了一段时间了，机器人和金融科技像是回调企稳后的刚启动。 市场上，一条大新闻是小米集团"二号"林斌宣布减持月140亿元，是从明年开始减持，每12月减持不超5亿美元。 盘点林斌此前的减持，可以发现大部分是卖在相对高点了，累计套现约 85 亿港元： 2019年8月：套现约4亿港元 2020年9月：套现约80亿港元（当时承诺5年不减持剩余持股） 2024年6月：套现约1.8亿港元 而就在一个月前（11月24日），小米创始人雷军刚刚自掏腰包约1亿港元回购了，这一"1亿回购 vs140亿减持" 的鲜明对比迅速登上热搜，引发市场对小米 前景的广泛讨论。 整体来说，已重返2万亿成交量的当前，市场依然较为强势，沪指录得9连阳，跨年行情进行中。 不断涨上热搜的黄金和白银，今天跳水，说明没有一直涨的资产，波动才是常态。 今天沪指翻红了，但是赚钱效应不佳，市场有超3300只股票下跌，涨幅靠前的主要是商业航天、机器人、金融科技。 这三个题材里，商业航天已经涨了一段时间了，机器人和金融科技像是回调企稳后 ...

每经记者｜肖芮冬 每经编辑｜赵云 3.单日债基涨跌幅榜 | 证券代码 | 证券间称 | 单日净值增长率(%) | 近1周回报(%) | 今年以来回报(%) | 基金经理(现任) | 基金规模(乙元) | | --- | --- | --- | --- | --- | --- | --- | | 004005.OF | 东方民丰回报赢安A | 1.35 | 6.47 | 14.46 | 徐奥干 | 0.02 | | 015315.OF | 富国汇享三个月定开A | 0.97 | 2.09 | 2.18 | 吕春杰,李金柳 | 8.81 | | 007161.OF | 南方恒庆一年定开 | 0.94 | 1.4 | 2.81 | 黄河 | 46.64 | | 015211.OF | 招商安鼎平衡1年持有A | 0.75 | 3.04 | 10.7 | 王刚,王景绰 | 0.59 | | 519622.OF | 银河君怡纯债 | 0.63 | 0.82 | 1.91 | 蒋磊 | 8.99 | | 018250.OF | 华泰保兴科睿一年持有A | 0.62 | 1.36 | -2.96 | 周咏梅,黄俊卿 | 0 ...

Group 1 - As of December 29, 29 listed companies have released their performance forecasts for 2025, with 19 companies indicating an increase or slight increase in annual performance [1] - Among these, 16 companies expect to achieve a net profit of over 100 million yuan in 2025 [1] - The importance of performance forecasts as a key communication channel between listed companies and investors is emphasized, highlighting the need for compliance, accuracy, and timeliness in disclosures [1] Group 2 - Luxshare Precision Industry Co., Ltd. is expected to have the highest net profit, with an anticipated increase of 23.59% to 28.59%, amounting to approximately 16.52 billion to 17.18 billion yuan [2] - The company attributes its performance growth to its globalization strategy and enhanced cost control across the entire industry chain, while also planning to invest in emerging fields such as AI hardware, data center interconnectivity, thermal management, smart vehicles, and robotics [2] - Thirteen companies are projected to have a net profit growth exceeding 10%, driven by strong R&D capabilities, increasing brand influence, robust downstream market demand, significant growth in core product shipments, and sufficient orders on hand [2] Group 3 - Several companies with expected net profit growth are from the computer-related industry, indicating a clear difference in development stages across various sectors [3] - The manufacturing and equipment sectors are in a profit recovery phase with relatively high growth quality, while the consumer and pharmaceutical industries are still in an adjustment cycle [3] - The focus in the technology sector is shifting from growth speed to growth quality, with some computer industry companies experiencing significant growth due to the release of profits and the impact of AI applications [3]

Investment Highlights - The automotive sector has shown positive performance this week, with the SW passenger vehicle and SW auto parts sectors leading with gains of +3.3% each, followed by SW automotive (+2.7%) and SW commercial vehicles (+1.1%), while SW commercial passenger vehicles declined by -2.2% [4][12] - The top-performing stocks this week include Yatong Co., Hengshuai Co., Xusheng Group, Yinlun Co., and Shuanghuan Transmission [4][12] Research Outcomes - The team has released a strategy report for automotive parts for 2026 and a monthly report on buses [5][12] Industry Core Changes 1. Xiaopeng Motors collaborated with Peking University to publish a paper at the international AI conference AAAI 2026, addressing the core contradiction of high computational load and precise decision-making in autonomous driving, showcasing both technological breakthroughs and commercial feasibility [6][12] 2. Horizon Robotics launched the S100P mass production of the Digua robot and officially released the Vbot super robot dog [6][12] 3. The Zhiji brand is expected to achieve full-cost profitability for the first time by December 2025 [6][12] Current Automotive Sector Configuration - The automotive industry is entering a new crossroads phase, with the end of the electric vehicle (EV) dividend and the dawn of automotive intelligence, while robotics innovation is in the 0-1 stage. Three main investment opportunities are emerging during this transition [8][13] - **AI Smart Vehicle Main Line**: Focus on Robotaxi/van, with downstream application core targets including: - **Robotaxi Perspective**: Integrated models like Tesla, Xiaopeng Motors, and Qianli Technology; technology providers with operational sharing models like Horizon Robotics and Baidu; transformation of ride-hailing/taxi services with companies like Cao Cao Mobility, Didi, and others [8][13] - **Robovan Perspective**: Key focus on Desay SV and others [8][13] - **C-end Vehicle Sales Perspective**: Whole vehicles from Xiaopeng Motors, Li Auto, Huawei, Xiaomi, etc. [8][13] - **Upstream Supply Chain Core Targets**: B-end vehicle manufacturing by companies like BAIC Blue Valley, GAC Group, and SAIC Group; core suppliers in testing, chips, domain controllers, sensors, and more [8][13] - **AI Robotics Main Line**: Preferred components from Top Group, Junsheng Electronics, Xinquan Technology, and others [8][13] - **Dividend & Good Pattern Main Line**: Focus on buses (Yutong Bus), heavy trucks (China National Heavy Duty Truck Group, Weichai Power), and two-wheelers (Chunfeng Power, Longxin General) [9][13]

证券日报网讯 12月29日，富维股份（600742）在互动平台回答投资者提问时表示，公司聚焦于机器 人、无人驾驶、低空经济和智能座舱相关领域，深度挖掘行业通用性技术和应用，做强做好服务和产 品。另外公司还有车载娱乐系统的域控制器、机械视觉摄像头类产品等。 ...

Market Overview - The A-share market showed mixed performance on December 29, with the Shanghai Composite Index closing up 0.04% at 3965.28 points, while the Shenzhen Component Index and the ChiNext Index fell by 0.49% and 0.66%, closing at 13537.10 points and 3222.61 points respectively [1] - The total trading volume in the Shanghai and Shenzhen markets was 21,393 billion yuan, a slight decrease of 209 billion yuan from the previous trading day [1] - The market saw 1,995 stocks rise, with 87 hitting the daily limit, while 3,332 stocks fell, with 25 hitting the lower limit [1] Sector Performance - The chemical fiber, petroleum, diversified finance, and aerospace sectors led the gains, while energy metals, pharmaceutical commerce, batteries, electronic chemicals, traditional Chinese medicine, and the power sector experienced significant declines [1] - The robotics sector saw a strong rally, particularly in PEEK materials and exoskeleton robots, following the establishment of a standardization committee for humanoid robots and embodied intelligence technology by the Ministry of Industry and Information Technology [2] Individual Stock Highlights - Aerospace Hangyu, a commercial aerospace concept stock, surged by 20%, with its main business focusing on aerospace products, satellite communication, and testing equipment [3] - The company reported earnings per share of 0.13 yuan and a net profit of 51.48 million yuan for the third quarter of 2025, reflecting a year-on-year growth rate of 0.56% [3] - Aerospace Hangyu has secured a contract worth 246 million yuan for a mobile tail-end docking work platform and a full-machine flexible docking system from Shanghai Aircraft Manufacturing Co., and has become a major supplier to state-owned enterprises in the aerospace sector [3] Technical Analysis - Despite the Shanghai Composite Index achieving a nine-day winning streak, recent trading sessions have shown long upper shadows, indicating significant selling pressure and a lack of momentum in the index's upward movement [3] - The MACD indicator is showing a shortening of the red bars, and the KDJ indicator's J line is turning downward, suggesting potential market weakness ahead [3]

格隆汇12月29日丨长芯博创(300548.SZ)公布，公司作为有限合伙人与湖北国翼投资管理有限公司（简 称"国翼投资"）、嘉博芯盛、浙江省金投科创母基金二期创业投资合伙企业（有限合伙）（简称"浙江 省科创母基金"）、长江鑫时代鄂州产业投资基金合伙企业（有限合伙）（简称"长江鑫时代基金"）、 浙江瑆南股权投资有限公司（简称"南投"）和嘉兴科技城产业投资基金有限公司（简称"科技城"）共同 投资设立合伙企业，并拟签署《嘉兴长翼博创创业投资合伙企业（有限合伙）有限合伙协议》。合伙企 业的规模为3亿元人民币，其中公司作为有限合伙人以自有资金出资10,800万元，占合伙企业总规模的 36%。投资领域：重点围绕人工智能布局人工智能硬件，人工智能算法，人工智能应用，新一代通信技 术，机器人，智能物联，智能制造装备等领域的企业进行股权投资。 ...

个人观点仅供参考，文章中任何内容均不对您构成任何投资建议，据此操作，风险自担。 但抛开大盘看个股，今天的情况可就没那么好了，首先下跌家数3000以上，而且是连续两天，其次跌停 板高达15家之多，要不是大盘和商业航天带来的表面繁荣，这数据都快没眼儿看了，赚钱的地方主要分 布的两方面，一方面是商业航天和机器人这种题材炒作，另一方面就是高位抱团了，像平潭今天还差点 涨停，天普上纬这些老的高位抱团也是涨停收盘，要么打不过就头铁加入，要么可以考虑横盘震荡的趋 势大票。 板块刚才说到商业航天和机器人，商业航天自不必说，属于跟着这波行情起来的主流热点，已经连续四 天走强，接下来就是拼头铁的时刻，未来如果真有调整，大概率也会有资金接力参与，所以第一次调整 也是机会大于风险，只看这个调整何时到来，机器人今天这个走强也有点意思，未来倘若商业航天分 歧，这个方向是存在承接资金的可能，另外就是刚才说的趋势大票了，毕竟趋势大票是顺指数方向，现 在大盘趋势性上涨格局明显，自然会有资金考虑在横盘结束后再做一波，当然还有新题材出来的希望， 这个就等走出来之后再说了。 来自深圳市新兰德证券投资咨询有限公司【马爱华】【执业编号：A0780623 ...

Group 1 - The core viewpoint of the article is that Xiangxin Technology is actively engaging in business opportunities related to the supply of CNC sheet metal parts and precision metal structures for applications in 5G base stations, IDC cabinets, and data centers [1] - The company is experiencing increased business opportunities as downstream customers expand their data center and computing power center layouts across the country [1] - Xiangxin Technology is maintaining close communication with downstream customers involved in robotics business, although specific customer information and business details are not disclosed due to confidentiality agreements [1]