初冬，赫力昂（Haleon）上海办公室的会议室里，赫力昂集团高级副总裁、中国大陆及香港地区总经理顾海英接受《财富》（中文版）的专访，她 的桌上放着一本小册子，封面印着公司的使命宣言："以人为本，提升每日健康"。这是赫力昂独立上市后推出的文化手册。 赫力昂集团高级副总裁、中国大陆及香港地区总经理 顾海英，图源： 赫力昂 2022年7月，当赫力昂从葛兰素史克（GSK）分拆独立上市时，虽然承载着钙尔奇、善存、舒适达、芬必得等品牌悠久的历史，但公司必须以一个 全新面貌面对市场。 "没有压力是假的。"顾海英在接受《财富》中文版专访时坦言。过去几年，全球资本市场风起云涌，正是在这种高度不确定的环境中，她带领赫力 昂中国内地及香港市场不仅平稳度过整合与分拆期，更是实现了超越市场平均水平的增长，（截止2024年底）市场份额连续54个月攀升，成为赫 力昂全球大"必赢市场"中一颗闪耀的明星。 与此同时，顾海英首次荣登《财富》杂志"2025年中国最具影响力的商界女性榜单"。于她而言，此次入围的喜悦更多来自公司层面，"获奖不仅是 对个人的肯定，它让更多人看到了赫力昂，这份荣誉是对赫力昂在中国消费健康领域影响力的肯定。"她解释道。 变 ...

Core Insights - The article discusses the extensive features and advancements of the Honor Magic8 Pro smartphone, highlighting its significant evolution in AI, imaging, eye protection, and charging capabilities [1] Group 1 - The smartphone is described as a self-evolving flagship, indicating a focus on continuous improvement and innovation in technology [1] - The video content is structured to cover a wide range of information about the device, suggesting a comprehensive analysis of its features [1] - The advancements in AI and imaging technology are emphasized as major selling points for the Honor Magic8 Pro [1]

Summary of Conference Call Records Industry Overview - The semiconductor industry is the cornerstone of the technology hardware sector, with technological iterations driving the flow economy and internet development, leading to three major investment opportunities: consumer electronics, digital infrastructure (national sovereign AI computing infrastructure), and automotive electronics, ultimately forming embodied intelligence [1][3][7] - The semiconductor industry is cyclical and closely related to the macro economy, with the financial reports indicating the industry is currently in an upward phase [1][6] Key Insights and Arguments - Global semiconductor sales are steadily growing, driven by capital, technology, and talent investments. The industry cycle typically lasts about 7 years, influenced by price and supply-demand relationships [1][8] - In the storage chip sector, domestic capacity is rapidly expanding, with market focus shifting towards bandwidth upgrades. Demand is driven by AI servers and mobile phones, with small model deployments causing price fluctuations [1][9] - AI infrastructure construction is a significant driver of semiconductor demand, with AGI (Artificial General Intelligence) creating strong needs for computing power. The deployment of large model training will continue to boost demand for high-performance computing devices and GPUs [1][12] Investment Opportunities - Future investment hotspots in technology hardware include consumer electronics (especially edge AI application innovations), AI-driven computing infrastructure, and automotive electronics (such as smart cockpits and autonomous driving) [2][7] - The semiconductor industry includes various segments such as chip design, manufacturing, and discrete components, with digital chips accounting for about 70% of the total semiconductor output value [5][6] Market Trends - The consumer electronics industry has seen stable smartphone shipments, with approximately 1.2 to 1.3 billion units shipped annually. The focus is on core components like screens, storage, and cameras [14][15] - Government subsidies have stimulated demand through trade-in programs, impacting the consumption of electronic products [16] - Long-term technological innovation is crucial in the consumer electronics sector, with hardware performance improvements and cost reductions providing new investment opportunities [17] Challenges and Opportunities - The semiconductor industry faces challenges in chip design and manufacturing, particularly in balancing cost reduction and performance improvement. However, there are opportunities for rapid growth in computing power based on world model algorithms [13] - The automotive electronics market is focusing on increasing vehicle value and changes in the supply chain for smart driving and smart cockpits, with new autonomous driving testing standards expected to be introduced [20][21] Conclusion - The semiconductor industry is positioned for growth, driven by technological advancements and increasing demand across various sectors, including AI, consumer electronics, and automotive applications. Investors should focus on emerging trends and the evolving landscape of technology hardware to identify potential opportunities and risks [1][7][12][19]

Core Viewpoint - The article outlines the agenda for a two-day training event hosted by CICC, focusing on macroeconomic analysis, market strategies, and various industry research frameworks. Group 1: Day 1 Agenda - The first day includes sessions on macroeconomic analysis led by Zhang Wenlang, Chief Macro Analyst at CICC, and discussions on A-share market strategies by Li Qiuxu, Chief Domestic Strategy Analyst [5][6]. - Other topics include overseas assets and Hong Kong market research, global asset allocation frameworks, and industry-specific analyses such as banking and insurance [5][6]. - The day concludes with insights into the transportation industry and a discussion on the stability and changes within this sector [6]. Group 2: Day 2 Agenda - The second day features sessions on cloud reconstruction and AI evolution, presented by Jia Shunhe, Chief Hardware Analyst at CICC [7][8]. - Discussions will also cover the internet industry, pharmaceutical industry research frameworks, and the impact of healthcare reforms on investment opportunities [7][8]. - Additional topics include consumer research frameworks, retail and beauty industry analysis, and the emerging pet economy [8].