新相微(688593.SH)公告，公司全资子公司上海新相技术有限公司(简称"新相技术")拟计划以自有资金1 亿元(暂定)向北京电子数智科技有限责任公司(简称"北电数智")进行增资。北电数智是北京电控旗下一 家专注于原创性、颠覆性、引领性，技术与数据双驱动的科技创新AI企业。公司拟通过战略性持股AI 领域优质企业，构建双向赋能的产业协同生态，培育孵化出更多符合市场方向的新技术、新产品、新业 务、新模式，为公司业务发展及股东创造更多价值。 ...

智通财经APP讯，新相微(688593.SH)公告，公司全资子公司上海新相技术有限公司(简称"新相技术")拟 计划以自有资金1亿元(暂定)向北京电子数智科技有限责任公司(简称"北电数智")进行增资。北电数智是 北京电控旗下一家专注于原创性、颠覆性、引领性，技术与数据双驱动的科技创新AI企业。公司拟通 过战略性持股AI领域优质企业，构建双向赋能的产业协同生态，培育孵化出更多符合市场方向的新技 术、新产品、新业务、新模式，为公司业务发展及股东创造更多价值。 ...

在深海海域，一台台深海机器人正在极端的环境下有条不紊地进行着海底巡检工作。除了巡检外，深海 采矿、深海生物探测等工作也能经机器人之手更安全、精准、高效地完成……这一幕幕原本出现在科幻 电影中的场景正逐步走进现实。 地球表面约71%被海洋覆盖，这片"蓝色宝库"蕴藏着不可估量的生物、能源、矿产等资源。如何通过深 海机器人突破桎梏，进一步释放海洋生产力是目前全球热议的课题。 在这场深海装备竞速赛中，我国深海机器人产业处于何种位置？在这场面向未来的海洋竞争中，国内企 业又如何实现突围与创新？近日，《证券日报》记者沿着深海机器人产业链调研采访，探寻"中国造"背 后的科技力量。 自主创新破解发展瓶颈 深海环境极端——高压、低温、无光、强腐蚀，是人类活动的"禁区"，深海机器人由此成为助力海洋经 济发展、释放海洋生产力的重要工具，也成为各国科研竞相角逐的关键赛道。 面对这片蓝海，国内产业曾在很长一段时间内处于空白。 从整机产品来看，万创投研董事总经理张震告诉《证券日报》记者，以主要用于1500米深海铺缆的机器 人ROV为例，截至2024年底，我国存量ROV的数量在一百台左右，基本全部依赖进口。对于海底光电 缆埋设等核心环节来 ...

Core Viewpoint - The smart small appliance industry in China is experiencing significant growth driven by policy guidance and market demand, transitioning from scale expansion to quality and efficiency improvement [1][2]. Group 1: Sales Performance and Market Trends - The sales of small appliances, particularly in the categories of household and kitchen appliances, have shown remarkable performance, with products like leg massagers and steam cleaners experiencing rapid year-on-year sales growth [1]. - From June 5 to July 24 this year, smart small appliances such as electric cookers and window-cleaning robots achieved exponential sales growth, indicating a steady increase in sales and improvement in smart technology levels [2]. Group 2: Innovation and Global Competitiveness - The innovation capabilities of the smart small appliance industry have significantly improved, enhancing global competitiveness. For instance, Cixi in Zhejiang province, known as the "capital of small appliances," has driven product upgrades through independent innovation and collaboration with research institutions [2]. - Cixi has become a manufacturing source for 60% of the world's small appliances, showcasing its strong position in the global market [2]. Group 3: International Market Expansion - Many smart small appliance companies are focusing on international market expansion as a growth strategy. For example, Shunde in Guangdong has seen its exports to the US, EU, and Middle East reach 6.5 billion, 5.93 billion, and 4.05 billion respectively in the first two months of this year, with growth rates of 4.1%, 9.1%, and 5% [3]. - Emerging markets in Southeast Asia, Africa, and Latin America are also being actively explored, increasing the global influence of Shunde's appliances [3]. Group 4: Challenges and Development Strategies - Despite significant achievements, the smart small appliance industry faces challenges such as high dependence on imported core chips and algorithm gaps that hinder precision control and energy efficiency compared to international benchmarks [3]. - The industry is also grappling with homogenized competition in a saturated market, leading to declining profits and consumer trust issues, which constrains innovation [3]. Group 5: Industry Collaboration and Innovation - To strengthen the industry's foundation, there is a need to build national-level industrial clusters, enhance vertical integration of the supply chain, and optimize resource allocation [4]. - Companies are encouraged to increase R&D investment and personnel to overcome technological bottlenecks and reduce reliance on foreign technologies, thereby improving product quality [4]. Group 6: Consumer Engagement and Market Activation - Strategies to enhance consumer awareness and activate market demand include fostering green consumption concepts and establishing smart small appliance experience centers [5]. - A transparent information disclosure system and improved after-sales service mechanisms are essential to protect consumer rights and boost confidence in smart small appliances [5].

Core Viewpoint - A "payment term revolution" is taking place in the automotive industry, with major companies committing to limit supplier payment terms to within 60 days, aiming to enhance the financial flow and resilience of the industry ecosystem [2][4]. Group 1: Industry Context - The average payment term for Chinese automotive companies in 2024 is projected to be 170-200 days, significantly longer than the 37-65 days seen in foreign companies like Toyota and Mercedes [2]. - The automotive industry is currently facing a profit margin decline, with the overall profit rate dropping to 3.9% in the first quarter of 2024, marking a new low in recent years [3]. - The long payment terms have created financial strain on suppliers, with some facing payment cycles of up to 9 months, leading to reliance on discounting and short-term loans [3]. Group 2: Legislative and Regulatory Framework - The "Regulations on Ensuring Payment to Small and Medium Enterprises" came into effect on June 1, 2024, mandating that large enterprises must pay small and medium enterprises within 60 days of delivery [3]. Group 3: Company Initiatives - SAIC Motor Corporation has taken the lead by committing to a 60-day payment term and explicitly excluding commercial acceptance bills, which add financial pressure on suppliers [5][6]. - The company's commitment is seen as a model for the industry, promoting a healthier competitive environment and facilitating high-quality development [5][6]. Group 4: Company Performance and Strategy - SAIC has undergone significant internal reforms, focusing on resource integration and business streamlining, which has led to improved operational efficiency and market performance [6][7]. - In May 2025, SAIC's wholesale sales reached 366,000 units, a year-on-year increase of 10.2%, with a notable 50.3% increase in monthly sales of new energy vehicles [7]. - The company's global strategy has also been successful, becoming the best-selling Chinese car manufacturer in the EU, UK, and Nordic countries in early 2024 [7]. Group 5: Industry Implications - The 60-day payment term standard is expected to enhance corporate image, foster industry collaboration, and improve product quality, ultimately benefiting companies that adhere to these practices [8].