内容概要：目前，中国已成为全世界最大的手机生产国和消费国，2024年全国智能手机产量12.50亿 台，智能手机产量占手机总产量的比重连续多年保持在70%以上。经过近二十年的发展，智能手机行业 已经处于行业发展的成熟期。近年来，我国智能手机的出货量呈现持续下滑的特征。2024年全国智能手 机出货量2.94亿部，同比增长6.5%，占同期手机出货量的63%。随着手机产品更新换代速度加快，平均 每部手机的使用周期也大大缩短，市场换机需求提升；随着技术的不断创新，Al手机成为主要创新方 向。 上市企业：小米集团-W[01810] 相关企业：华为、Apple、OPPO、Vivo、荣耀、三星、安卓、苹果、高通、华为海思、中芯国际、中国 移动、中国电信、、腾讯、Facebook、淘宝、京东 关键词：智能手机产业链、智能手机发展历程、智能手机产量、智能手机出货量、智能手机市场竞争格 局、智能手机活跃数量占比、智能手机行业发展趋势 一、智能手机行业定义及功能技术 经过近二十年的发展，智能手机行业已经处于行业发展的成熟期。近年来，我国智能手机的出货量呈现 持续下滑的特征。2023年1-12月，智能手机出货量2.76亿部，同比增长4 ...

雷军依然不忘苹果 在昨天的澎湃 OS 发布会结束后，爱范儿的几位小伙伴第一时间报名了 Beta 测试计划，并在 29 号按计划陆续收到了测试版的推送。 第一眼看上去，澎湃 OS 3 的界面风格相比澎湃 OS 2 并没有非常大的变动，仍然是近几年以来熟悉的「小米风格」。但是第一眼过去，你立马就会发现 非常多不一样的细节。 Google 甚至把双层信号图标都抄了过去 外观升级：到处都是熟面孔 首先——或许也是争议最大的一部分——就是澎湃 OS 3 全新的默认状态栏风格。不能说和苹果一模一样吧，只能说是不分彼此： 关于 Android 系统状态栏正在逐渐「苹果化」的话题一直没有停过。实际上，如果和 Google 对比，澎湃 OS 3 的相似程度只能说是相形见绌—— Android 16 QPR 版本的状态栏才是真的和 iOS 一模一样。 另外，澎湃 OS 3 还对部分系统桌面图标进行了重绘，其中一部分的效果不错，另一部分则显得「血缘关系过于复杂」，不仅有 iOS 的身影，甚至还有一 些其他国产系统的影子。 另外，在当前版本的澎湃 OS 3 中，这套重绘过的图标包还带来了一个新问题：历史悠久的图标飞出动画没有了。现在 ...

从披露的信息来看，华为经营整体保持稳定。截至6月末，华为总资产达1.25万亿元，总负债7121亿 元，资产负债率为56.9%；货币资金规模1810亿元，较去年同期略有下降；经营活动现金流净额311.83 亿元。 8月29日下午，华为投资控股有限公司（下称"华为"）通过北京金融资产交易所等网站发布了2025年半 年度报告。报告显示，华为上半年实现营收4270.39亿元，较去年同期增长3.95%；但净利润同比下滑 32%，为371.95亿元。 本次财报未披露各项主营业务的具体营收数据。不过，从整体财报数据来看，华为净利润的下滑，与营 业成本、研发投入等支出增加以及公允价值变动收益科目大幅亏损有关。 据鸿蒙智行官方公布的数据，今年5月到7月，鸿蒙智行分别交付新车4.44万辆、5.27万辆和4.77万辆。8 月25日，鸿蒙智行官方宣布累计交付量突破90万辆，连续14个月高居中国汽车品牌成交均价榜首，品牌 溢价能力明显。除此之外，鸿蒙智行近期还推出了首款预售价低于20万元的车型尚界H5，进一步完善 了产品矩阵，有望覆盖更广泛的消费群体。 华为投资控股有限公司合并利润表。图/华为2025年半年度报告截图 终端、云计算等业 ...

Core Insights - Huawei's revenue for the first half of 2025 reached 427.04 billion RMB, a year-on-year increase of 3.95%, while net profit decreased by 32.2% to 37.20 billion RMB, primarily due to significant R&D investments [1] - R&D expenses amounted to 96.95 billion RMB, up 9.04% year-on-year, representing a record high of 22.7% of total revenue, indicating Huawei's commitment to technological innovation [1] - The company reported a loss of 5.84 billion RMB in "fair value changes," a significant increase from a loss of approximately 0.35 billion RMB in the same period last year, reflecting adverse market fluctuations affecting its financial instruments [2] Financial Performance - Huawei's operating cash flow turned positive in the first half of 2025, with a net inflow of 31.18 billion RMB, contrasting with negative cash flows in previous years [2] - The cash flow improvement was attributed to the timing of employee bonus payments, which previously strained cash flow [2] Business Segments - Huawei's six major business segments include ICT infrastructure, terminals, cloud computing, digital energy, smart automotive solutions, and chips/devices, with a focus on ICT infrastructure, terminals, smart automotive solutions, and chips/devices for future financial performance [2] - ICT infrastructure revenue was 369.90 billion RMB, accounting for 42.9% of total revenue, but faced pressure due to reduced capital expenditures from telecom operators [3] - The terminal segment performed well, with Huawei regaining the top position in the Chinese smartphone market with a 18.1% market share and 12.50 million units shipped in Q2 2025 [3] Smart Automotive Solutions - Huawei does not manufacture cars but provides core technologies for smart driving and connected vehicles, achieving significant market share and technological advancements in the automotive sector [4] - The smart automotive solutions segment generated 26.35 billion RMB in revenue, representing only 3% of total revenue, indicating limited short-term contribution to overall revenue [4] Chip and Device Business - The "chips and devices" segment, previously known as "HiSilicon," aims to enhance Huawei's chip capabilities and drive the semiconductor industry [5] - Key products include the Kirin series for mobile, Kunpeng series for data centers, and Ascend chips for AI computing, with significant market shares in their respective categories [5] - The Kunpeng CPU has achieved over 20% market share in the Chinese server market, while Ascend chips hold approximately 23% of the AI chip market [5][6] AI Chip Market Outlook - The domestic AI chip market is expected to grow, with predictions indicating an increase in the localization rate of AI chips from 17% in 2023 to 55% by 2027 [7] - The ecosystem around Huawei's Kunpeng and Ascend chips is anticipated to experience substantial growth, contributing positively to the company's financial outlook [7]

作者 | 第一财 经 李娜 在苹果进军折叠屏手机市场的消息之外，中国手机厂商已经开始在欧洲与苹果的老对手三星展开激烈 的较量。 2025.08. 30 本文字数：1760，阅读时长大约3分钟 近日，荣耀在英国伦敦宣布Magic V5海外版正式进入欧洲市场，该机型搭载了全球首个端侧语音大 模型。荣耀表示，在今年整体战略调整后，已将折叠屏市场作为关键突破口，双线部署国内外高端市 场。 调研机构Counterpoint最新发布的数据显示，2024年，欧洲折叠屏手机市场销量同比增长37%，来 自荣耀、一加等中国手机厂商的激烈竞争削弱了三星在"书本式"折叠屏手机近乎垄断的地位，导致三 星市场份额下降了23%，而这一竞争态势在今年仍在加大。 成为三星的"对手" 尽管折叠屏手机在智能手机整体大盘中份额占比仍不高，但这并不阻碍全球头部厂商对这一市场的投 入。 "三星在欧洲书本式折叠屏手机市场份额曾高达98%，但到2023年底，随着包括中国手机厂商在内多 家厂商陆续推出折叠屏产品，包括Magic Vs、Pixel Fold、Open和Phantom V Fold等，三星份额 降至73%。"Counterpoint分析师表示，这 ...

Core Insights - Chinese smartphone manufacturers are intensifying competition against Samsung in the European foldable smartphone market, particularly with the launch of Honor's Magic V5 overseas version [2][4] - Counterpoint's data indicates a projected 37% year-on-year growth in the European foldable smartphone market in 2024, with Samsung's market share declining by 23% due to competition from Chinese brands like Honor and OnePlus [2][7] Group 1: Market Dynamics - Samsung's market share in the European book-style foldable smartphone segment has dropped from 98% to 73% by the end of 2023, and is expected to fall to 50% in 2024, with Honor's share increasing from under 10% to 34% [7][8] - The overall terminal scale in the European market is estimated to be between 130 million to 140 million units, with high-end smartphone sales (priced above $700) doubling in the first half of the year [8] Group 2: Competitive Landscape - Apple is expected to enter the foldable smartphone market, with production of a foldable iPhone anticipated to begin in late Q3 or early Q4 of this year, potentially impacting market dynamics further [3][4] - The competition in the European market is expected to intensify as Samsung prepares to launch the Galaxy Z Fold7, aiming to regain its competitive edge [8] Group 3: Supply Chain and Technology - The domestic supply chain for foldable screens in China is maturing, with key players in various segments such as screens, hinges, and materials, contributing to a robust supply ecosystem [9] - IDC forecasts that China will surpass other markets to become the largest foldable smartphone market globally, with shipments expected to reach 4.98 million units in the first half of 2025, marking a 12.6% year-on-year growth [9][10] Group 4: Future Outlook - The next generation of foldable smartphones is anticipated to focus on high performance and enhanced human-computer interaction, with an emphasis on improving work efficiency and user experience [10]

版权声明 来源：新浪财经、证券时报、书享界（readsharecn） 导语 8月29日，华为投资控股有限公司发布了2025年半年度报告。报告显示，2025年1月至6月，华为实现营业收入4270.39亿元，同比增长3.95%；净利润为 371.95亿元，同比下降32.20%；归母净利润为370.54亿元。 8月29日下午，华为投资控股有限公司在北京金融资产交易所等网站发布了2025年半年度报告。 报告显示，华为上半年营收4270.39亿元，同比增3.95%；净利润371.95亿元，同比下降32%。归母净利润370.54亿元，去年同期归母净利润546.42亿元， 同比下降32.19%。研发投入969.50亿元，同比增9.04%，占营收22.7%。 | 项目 | 2025年1-6月 | 2024年1-6月 | | --- | --- | --- | | 营业收入 | 427,039,035 | 410,823,227 | | 减:营业成本 | 224,332,314 | 205,179,824 | | 税金及时加 | 2,948,775 | 3,125,464 | | 销售费用 | 39,376,170 | 35, ...

Core Insights - Huawei's strategy of "exchanging profit for technology" is evident in its significant investment in core technology research and development, particularly in the first half of 2025 [2][10] - The company's revenue for the first half of 2025 reached 427.04 billion RMB, a year-on-year increase of 3.95%, while net profit decreased by 32.2% to 37.20 billion RMB due to high R&D expenditures [2][3] - R&D expenses amounted to 96.95 billion RMB, representing 22.7% of total revenue, marking the highest proportion in history [2][3] Financial Performance - The decline in profit is attributed to a significant loss of 5.84 billion RMB in "fair value changes" compared to a minor loss of 0.035 billion RMB in the same period last year [3] - A positive highlight in the financial report is that operating cash flow turned positive with a net inflow of 31.18 billion RMB, contrasting with negative cash flows in previous years [3] Business Segments - Huawei operates six major business segments: ICT infrastructure, terminals, cloud computing, digital energy, smart automotive solutions, and chips & devices [4] - The ICT infrastructure segment generated 369.90 billion RMB, accounting for 42.9% of total revenue, but faces pressure due to reduced 5G investments from telecom operators [4] - The terminal segment performed well, with Huawei regaining the top position in the Chinese smartphone market with a shipment of 12.50 million units and a market share of 18.1% in Q2 2025 [5] Smart Automotive Solutions - Huawei does not manufacture cars but provides core technologies for smart driving and connected vehicles, achieving significant market share and technological advancements [5] - The revenue from the smart automotive solutions segment was 26.35 billion RMB, representing only 3% of total revenue, indicating limited short-term contribution to overall revenue [5] Chip and Device Business - The chip and device segment, previously known as "Shanghai HiSilicon," aims to enhance Huawei's chip capabilities and drive the semiconductor industry [6] - Huawei's chip business spans various fields, with significant products including the Kirin series for mobile, Kunpeng for data centers, and Ascend for AI computing [7] - The Kunpeng CPU has captured over 20% of the server market in China, while the Ascend chip holds about 23% of the AI chip market [7][9] AI Computing Developments - Huawei has made strides in AI computing, addressing performance limitations of the Ascend 910 chip and launching the CloudMatrix 384 "super node" solution [8] - The company has invested over 10,000 personnel in R&D for AI capabilities, indicating a strong commitment to advancing its technology [8] - The domestic AI chip market is expected to see a significant increase in localization, with projections indicating a rise from 17% in 2023 to 55% by 2027 [9]

Group 1 - Apple released Xcode 26 Beta 7, introducing support for GPT-5 and integration with Claude, allowing developers to choose between GPT-5 and GPT-4.1 for new conversations [2] - Quark is reportedly developing a new AI product named "ZaoDian," which combines AI creation and content interaction, with plans for a separate "Quark Learning" app in the education sector [2] - Honor's Magic V5 overseas version launched in Europe, featuring offline real-time translation, achieving an 11% year-on-year growth in a declining smartphone market [2] Group 2 - Alibaba Travel launched an AI travel solution, including modules for employee travel recommendations and enterprise management, currently in internal testing [2]

Core Viewpoint - The article discusses various recent developments in the entertainment, technology, and retail sectors, highlighting both challenges and opportunities for companies involved. Group 1: Entertainment Industry - The film "Goodbye, Bad Egg," produced by Wu Jing, was withdrawn from release after only six days, earning a mere 26.7 thousand yuan at the box office [2][3] - The total box office revenue for the film was only 25.4 thousand yuan after distribution, with the production team expected to receive 9.3 thousand yuan and cinemas 13.3 thousand yuan [3] Group 2: E-commerce and Retail - Alibaba's China e-commerce group reported Q1 revenue of 1400.72 billion yuan (approximately 19.55 billion USD), marking a 10% increase from 1276.70 billion yuan in the same period last year [3] - Pinduoduo is preparing to produce its own short dramas and is actively recruiting talent for this initiative [15] - Good Products apologized for a misleading advertisement that depicted peanuts growing on trees, attributing the error to AI-generated content [7] Group 3: Technology and AI - The U.S. government has permanently terminated the tax exemption policy for small packages valued under 800 USD, effective August 29 [21] - A survey indicated that 51% of American consumers believe Tesla's support for Full Self-Driving (FSD) does not influence their purchasing decisions [22] - Nvidia is facing a trial over allegations of an engineer inadvertently revealing stolen autonomous driving trade secrets during a video conference [22] Group 4: Automotive Industry - Zero Run Auto's senior vice president responded to rumors about China FAW planning to acquire a stake in the company, stating that collaboration projects are ongoing [21] - The new generation of Zhiji LS6 has received over 48,000 pre-orders since its launch on August 15, with more than 52% of orders coming from traditional fuel vehicle users [26] Group 5: Financing and Investment - Commonwealth Fusion Systems (CFS) secured 863 million USD in funding, with Nvidia and Google among the investors, aimed at advancing fusion energy technology [23] - Source Intelligent Robotics completed a multi-million yuan financing round led by Qiancheng Capital [23]