时间倒退五年，清华园里最优秀的大脑会流向哪里？答案曾是华尔街的投行、硅谷的科技巨头，或是国 内互联网大厂。 但在2025年的这个秋天，一份出人意料的秋招数据，正在悄然改写这个问题的答案。 在2025年招聘季，追觅科技向清华大学毕业生发出了超过700份offer，这个数字以近乎华为同期两倍的 规模，成为清华毕业生就业的第一大流向。 这不仅是简单的数字超越，还代表着人才迁徙的流向和职业价值的转变。当互联网热逐渐冷却，硬科技 潮开始奔涌，新一代清华人正用实际行动，将自己的未来和智能硬件的未来交叠在一起。 而追觅，这家被许多清华学子称为"清华人的黄埔军校"的公司，究竟有何魔力？ 如今，当年天空工场的核心成员，许多已成为追觅各关键部门的负责人。这种始于校园实验室的极客精 神与校友情谊，构成了追觅独特文化的基因内核。 在追觅，"清华系"不是一个模糊的概念，而是一个具象的网络。创始人俞浩是航院出身，早期核心团队 多来自"天空工场"，这让公司在高速马达、机器人算法、流体力学等核心技术领域，与清华的学术积淀 形成了天然的、深度的绑定。 这种绑定，一脉相承、口耳相传。2025年毕业于清华设计学院的黄青言之所以选择追觅，就是因为清 ...

Group 1 - The core point of the article highlights the strong demand for Li Auto's AI glasses, which sold out within hours, indicating robust product appeal and brand strength [1][2] - Li Auto's AI glasses sold over 30,000 units in the first batch, which is slightly lower than Xiaomi's 50,000 units sold in three days, but Li Auto had limited inventory compared to Xiaomi [1][2] - 12% of the buyers of Li Auto's AI glasses are non-Li Auto vehicle owners, showcasing the product's broad market appeal beyond existing customers [1] Group 2 - The AI glasses, named Levis AI Smart Glasses, were launched on December 3 and feature first-person shooting, quick AI response, and vehicle control capabilities, weighing only 36 grams [2] - Due to high demand and production capacity issues, the first batch of orders is expected to be delivered by the end of February, with the next batch set to launch in mid-March, indicating a significant gap between the two sales [2] - Li Auto is actively seeking new production suppliers to address the capacity constraints and meet the demand for its AI glasses [2]

Group 1 - Tesla's third-generation humanoid robot is set to be unveiled, with an expected annual production capacity of 1 million units by the end of 2026, as the Fremont factory's Model S/X production line will be converted for this purpose [2] - Rokid is collaborating with a leading domestic large model company to develop a new generation of AI glasses driven by generative AI and AI agents, with current daily sales of approximately 1,200 units [2] - Samsung SDI reported a continued loss in Q4 2025, with a net profit of 207.8 billion KRW (approximately 142.4 million USD) for Q4 2024, and an operating loss of 299.2 billion KRW, which is an increase from the previous year's loss [2][3] Group 2 - VinFast plans to accelerate its expansion into Southeast Asia, targeting markets such as the Philippines, Indonesia, India, Thailand, and Malaysia, with plans to establish hundreds of retail outlets by 2027 [2]

Core Viewpoint - Chengdu High-tech Zone is actively promoting technological innovation and industrial integration to enhance new productive forces and economic growth, aiming to establish itself as a world-leading technology park [2][3][4]. Group 1: Technological Innovation and Industrial Integration - Chengdu High-tech Zone has established 8 strategic platforms and 70 national-level innovation platforms, leading the province in high-value invention patents per capita [3]. - The zone has developed key technologies such as the world's first gallium nitride quantum light source chip and mRNA therapies for hepatitis B, showcasing significant breakthroughs in core technology [3][4]. - A "mid-test +" ecosystem has been created with 102 mid-test platforms, attracting nearly 10 billion yuan in investment and generating over 18 billion yuan in product output [4]. Group 2: Business Environment and Economic Growth - The Chengdu High-tech Comprehensive Bonded Zone achieved an import and export value of 525.69 billion yuan in 2025, marking a 4.8% year-on-year increase, maintaining its position as the top bonded zone in the country [6]. - The zone has implemented innovative regulatory measures, reducing customs clearance times from 5 days to under 1 day, significantly lowering logistics costs by 30% [6]. - The total number of business entities in Chengdu High-tech Zone surpassed 400,000, with 274,100 being enterprises, the highest in the city [8]. Group 3: Consumer and Cultural Development - Chengdu High-tech Zone has launched various cultural and tourism initiatives, attracting over 120,000 participants to events like the "Chengdu Lights You Up" New Year celebration [9]. - The zone is home to over 6,000 digital cultural and creative enterprises, enhancing consumer experiences and driving new consumption patterns [10]. - The area has seen a significant increase in talent, with over 850,000 individuals contributing to innovation and consumption potential, thereby enhancing regional attractiveness [10][11].

Core Viewpoint - Hansan Technology (301491.SZ) has indicated that its voice interaction modules are already integrated into existing audio products, showcasing the company's ongoing innovation in voice technology [1] Group 1: Company Developments - The company is in discussions with humanoid robot manufacturers regarding the application of its voice interaction modules in humanoid robots, indicating potential future collaborations [1] - Currently, these discussions have not yet resulted in any tangible projects or revenue generation [1] - The company commits to adhering to information disclosure regulations should any related business opportunities materialize in the future [1]

近日，智联招聘发布《2025中国海归就业调查报告》。 报告显示，2025年在国内求职的海归人数较2024年增长5%，达2018年的1.51倍；其中回国求职的 应届留学生人数较2024年增长12%，达2018年的2.25倍，创近八年新高。留学目的地多元化，马来西 亚、新加坡留学生回国求职人数增速超50%。 从2025年投递量看，海归人才求职仍高度集中于经济发达的一线及新一线城市。北京、上海、深圳 三城的投递量占比分别为31.5%、17.6%、7.5%，位列榜单头三位，成都、杭州、广州紧随其后，前十 大城市吸纳近八成的海归求职投递。 行业投递数据更直观体现海归求职的转向新一代信息技术、高端装备等新质领域，新材料、光电 子、机器人领域的海归投递人数增速分别达87.3%、82.2%、74.3%，智能硬件、人工智能、航空航天研 究与制造等领域也增长显著，这些行业研发投入高、技术门槛高、国际化程度高，正取代部分传统热门 行业，成为海归求职的新选择。 职业选择上，海归投递增速领先的岗位也以技术研发类为主，机械设计/制造工程师、人工智能工 程师、软件研发等岗位投递活跃度居高，既反映出海归对实体制造、工程技术类岗位的认知提升， ...

Group 1 - The article highlights the growing popularity of Guangdong products overseas, which serve as emotional connections for the Chinese diaspora, transcending mere commodities to become cultural symbols and carriers of nostalgia [1][3] - The New Hui Chenpi Village has successfully passed FDA testing for its Chenpi, with projected sales in the U.S. reaching 15 million RMB by 2025, reflecting a shift in lifestyle trends among overseas Chinese [3][4] - The market strategy focusing on "nostalgia" is supported by a strong cultural identity, with companies leveraging technology to meet overseas demand for traditional Guangdong foods, leading to increased sales of items like pre-packaged New Year dishes and preserved meats [4] Group 2 - Guangdong's foreign trade continues to lead China for 40 consecutive years, contributing 24.1% to the country's overall foreign trade growth, indicating the global appeal of Guangdong products [5] - The appeal of Guangdong goods extends beyond cultural circles, as evidenced by international consumers appreciating practical products like smart toilet seats, showcasing the global demand for quality and affordability [5] - Each Guangdong product carries a story from the Lingnan region, emphasizing the connection between goods and cultural heritage as they reach consumers worldwide [5]

登录新浪财经APP 搜索【信披】查看更多考评等级 三、业绩变动原因说明 1、报告期内，受贸易政策变化影响，公司产品销售价格降低，对利润产生不利影响；某核心客户因产 品迭代升级，造成公司整体销售收入及利润下降。 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误导性陈述或重大遗 漏。 一、本期业绩预计情况 1、业绩预告期间：2025年1月1日至2025年12月31日 2、业绩预告情况：预计净利润为负值 （1）以区间数进行业绩预告的 ■ 二、与会计师事务所沟通情况 本次业绩预告的相关数据未经年审会计师事务所审计。公司就业绩预告有关事项与年审会计师进行了初 步沟通，双方不存在分歧。 2026年1月31日 2、为抓住人工智能行业发展机遇，公司进一步加大了对机器人、智能硬件等产品的研发投入，报告期 内研发费用同比增加约5,000万元。 3、报告期内公司因汇率波动产生汇兑损失；同时基于谨慎性原则，转回递延所得税资产；上述因素累 计影响净利润约5,000万元。 四、其他相关说明 本次业绩预告是公司财务部门初步测算的结果，未经审计机构审计,具体财务数据以公司披露的2025年 度报告为准。敬请投资者注意 ...

Core Viewpoint - The company has established stable cooperative relationships with clients since the beginning of 2023 and is continuously developing new product types in collaboration with them [1] Group 1 - The company's smart sleep terminal product sales regions are continuously expanding [1] - Specific progress in domestic market promotion should be based on information disclosed by the company in legal media and information released by clients [1]

证券研究报告 公司研究 [Table_ReportType] 公司点评报告 [Table_StockAndRank] 九号公司(689009) 投资评级 买入 上次评级 买入 [Table_Title] 九号公司：业绩短期承压，两轮车结构转型， 割草机器人有望延续高增 [Table_ReportDate] 2026 年 01 月 30 日 [Table_Author] 姜文镪 新消费行业首席分析师 执业编号：S1500524120004 邮 箱： jiangwenqiang@cindasc.com [Table_S 事件：公司ummar发布y] 2025 年度业绩预告。2025 年公司预计实现归母净利润 16.70-18.50 亿元（同比增长 54.0%-70.6%），扣非归母净利润 16.20-17.90 亿元（同比增长 52.5%-68.5%）。我们取区间中值估算，则 25Q4 预计实现 归母净利润-0.27 亿元（24Q4 为 1.14 亿元），扣非归母净利润-0.94 亿元 （24Q4 为 1.25 亿元），有所承压。我们预计汇率波动等因素或对业绩表现 造成一定影响。 骆峥 新消费行业分析师 执业编号 ...