由美股及港股头部资讯平台智通财经主办的第十届资本市场年会于月初在深圳和香港两地启幕，全球出 行科技企业ECARX在其年度评选中，荣膺"最具投资潜力公司"荣誉称号，以第三季度全面盈利为突 破，在资本市场价值以及全球化深耕方面的成果再度得到投融市场业内及各方媒体的认可。 智通财经表示，ECARX通过长期推动全球化战略落地，不仅成功实现盈利，更在全球市场能够与大众 这样的核心客户达成战略合作，展现出持续增长能力，是其获评"最具投资潜力公司"的核心原因。2025 年第三季度，亿咖通科技实现营收2.199亿美元，同比提升11%、环比劲增41%；毛利润达4,760万美 元，同比增长39%，经营效率和盈利能力稳步改善，与其在全球市场的落地能力相互强化，使公司具备 更为确定的增长预期和更高的价值兑现能力，获得资本市场与行业机构对其长期投资价值的进一步认 可。 面向全球汽车产业对智能化变革的需求，亿咖通科技通过合规认证与专利体系建设，已经能够满足全球 不同市场的准入与法律法规要求，为价值释放打下坚实基础。继此前GEI定点后，近期亿咖通科技与大 众集团（Volkswagen Group）进一步深化合作，为该集团旗下在拉丁美洲市场 ...

"一塔两境五界"（阿维塔、启境、奕境、问界、智界、享界、尊界、尚界），以及庞大的华为系汽车在 鸿蒙智行和华为乾崑展台集中亮相，还有10个场馆各大车企展台不约而同地摆放了搭载华为乾崑智驾的 车型。正在举行的第23届广州车展，把车圈"争抢"华为的氛围推向高潮，成为汽车产业史上难得一见的 新景象。 如果说，此前人们对华为还有"造车"与"不造车"的争议，那么随着问界系列及华为乾崑智驾赋能车型热 销，现在车企的态度似乎更加务实。不管是曾"担心失去灵魂"的上汽，还是曾"嫌对方要价太高"的广 汽，以及东风日产、一汽奥迪等合资车企，都开始全力以赴拥抱华为，在发布会、展台宣传中高喊"华 为"的口号为自己背书。 华为"不造车"，但有志于"帮助车企造好车"。公开资料显示，华为与车企主要合作模式分为3种：零部 件供应商模式，为车企供应电驱系统、雷达、智能座舱系统等标准化零部件和技术方案；HI模式 （Huawei Inside），为车企提供智能驾驶全栈解决方案；智选车模式（鸿蒙智行生态联盟），则是华为 深度参与产品定义、设计、营销和销售环节，车型在华为门店售卖。 值得关注的是，目前，华为乾崑已和10多家车企达成合作，共30多款量产车型 ...

Core Insights - The 2025 Shanghai Auto Show has shifted focus from traffic and celebrity presence to technology and product innovation, marking a return to its essence [1][3][4] - The event has seen a significant increase in international participation, highlighting its global importance in the automotive industry [8][9][12] Industry Trends - The emphasis on rational marketing and safety has become prominent, with companies like BYD and Huawei modifying their product descriptions to prioritize safety over advanced driving features [3][5][7] - The auto show has become a platform for new entrants and established brands to showcase their innovations, with many companies participating for the first time [3][8][14] Technological Developments - The focus on intelligent driving technology remains strong, with companies like GAC Group and NIO discussing the importance of clear communication regarding different levels of driving assistance [5][8] - New advancements in autonomous driving technology were showcased, including L4 level vehicles from GAC Aion and partnerships for advanced systems [7][9][12] Global Engagement - The Shanghai Auto Show has attracted significant international attention, with brands like Chery and Zero Run actively engaging with overseas markets and partners [9][12][16] - The event has facilitated cross-border negotiations and supply chain connections, reinforcing China's position as a major player in the global automotive market [13][16][18] Market Dynamics - The show has highlighted the growing trend of Chinese automotive brands expanding into international markets, with significant participation from overseas dealers and media [12][16][17] - The establishment of a dedicated automotive technology and supply chain exhibition area indicates a rising interest in the supply chain aspect of the automotive industry [13][14]

Core Insights - Fuyao Glass reported a record high in both revenue and net profit for Q1 2025, achieving nearly 10 billion yuan in revenue, a year-on-year increase of over 10%, and a net profit attributable to shareholders exceeding 2 billion yuan, up approximately 46% [1][4][5] Financial Performance - The company achieved a revenue of 99.10 billion yuan in the first quarter, representing a year-on-year growth of 12.16%, while the net profit attributable to shareholders was 20.30 billion yuan, marking a 46.25% increase [4][6] - The net profit excluding non-recurring gains and losses was 19.87 billion yuan, reflecting a year-on-year growth of 30.90% [4] - The financial expenses for the first quarter were -3.50 billion yuan, a significant increase of 407.25% compared to the same period last year [6] Research and Development - Fuyao Glass invested 4.23 billion yuan in R&D during Q1, a year-on-year increase of 12.50% [2][6] - The company’s R&D expenses have been consistently increasing, with a total of 16.78 billion yuan in 2024, representing a 19.58% year-on-year growth [8][10] Market Position and Strategy - Fuyao Glass holds a global market share of approximately 34% and a domestic market share of about 68% [2][9] - The company is adapting to the automotive industry's shift towards electrification and smart technology by developing high-value products such as HUD displays and smart dimming glass [9][10] - Fuyao Glass has established a global production and design network, with facilities in the US, Japan, South Korea, Germany, and other countries, enhancing its ability to meet international demand [12][13] Revenue Distribution - In 2024, the revenue distribution was approximately 53.90% from domestic markets and 44.72% from international markets, indicating balanced growth [14]