2026.02. 10 本文字数：1072，阅读时长大约2分钟 作者 | 第一财经 葛慧 丰田汽车公司近日公布了截至2025年12月30日的第三财季财报。 报告显示，2025年4月至12月，公司全球销量为730.2万辆，同比增长4.3%；营业收入为38.09万 亿日元，同比增长6.8%。当期营业利润为3.2万亿日元，同比下降13.1%；净利润为3.03万亿日 元，同比下降26.1%。 丰田汽车2025年1~3月的净利润约6656亿日元，2025年全年利润约为36950亿日元（约合人民币 1649亿元）。2025年，丰田汽车整个自然年度销量为966.2万辆，超过了大众汽车的898万辆，蝉 联全球汽车销冠。按照上述两个数据粗略计算，丰田汽车2025年每卖一辆车赚1.7万元。 丰田公司称，面对压力，通过成本削减及价值链优化等措施，实现了约9000亿日元的经营改善。公 司启动了全集团的"降低盈亏平衡点"计划，旨在强化盈利结构。 金融服务成为丰田公司的重要增长点。 丰田的金融服务业务的营业收入增加了367亿日元，达到5569亿日元。若将估值变动计入其中，营 业收入则达到6633亿日元。丰田在财报中称，金融服务部门的营业 ...

Group 1 - Xiaomi's founder and CEO Lei Jun announced that the Xiaomi automobile factory received over 130,000 visitors in the previous year, with a target of 200,000 visitors by 2026 [2] - The factory features high automation with 600 to 700 robots for 100% automated assembly and inspection, and it is environmentally friendly with solar panels on the roof providing all its electricity [3] - The new generation Xiaomi SU7, set to launch in April, includes significant upgrades in its motor, battery, electronic architecture, high-voltage architecture, and chassis, with a focus on meeting new national safety standards [3] Group 2 - The new SU7 will start showcasing in stores from February 13, with initial displays in major cities including Beijing, Shanghai, and Guangzhou [4] - During the Spring Festival, Xiaomi's sales and service centers will operate normally, covering 158 cities and offering quick repair services [4] - Xiaomi is launching a "Spring Festival Travel Worry-Free" initiative, providing free roadside assistance and reimbursement for transportation and accommodation costs for customers facing vehicle issues during the holiday period [4]

去年，安徽汽车产量首次超过广东，登顶全国。迈入新阶段，缺乏龙头零部件企业、部分关键零部件自 给不足的问题，对安徽汽车产业价值提升的掣肘愈加明显。除杉杉股份外，去年安徽国资还并购了多家 汽车零部件企业，加速补足短板空白。 在激烈变革的汽车产业中，安徽已然开启 "下半场"竞逐。 再发力 去年，并购成为合肥国资投资的"关键词"。 一起并购，让安徽国资再次站上风口浪尖。 2月8日晚，杉杉股份（600884.SH）公告称，公司控股股东杉杉集团及其全资子公司朋泽贸易与重整投 资人皖维集团宁波金资签署了《重整投资协议》。 根据协议，皖维集团将以总额不超过71.56亿元的对价，实现对杉杉股份21.88%股权的表决权控制或与 相关方达成一致行动。若后续重整程序顺利完成，杉杉股份控股股东将变更为皖维集团，实际控制人将 变更为安徽省国资委。 在外界看来，这是安徽国资"以投促产"的再度发力，一场新材料产业链的战略性产业整合也有望拉开。 一边是主营业务为聚乙烯醇（PVA）及其衍生品的皖维集团，另一边是以锂电池负极材料与偏光片业务 为核心资产的杉杉股份，恰好形成配套。二者协同，指向的是安徽走向"巅峰"的汽车产业。 一个大背景是，2024 ...

产业深度 [table_Header]2026.02.10 [Table_Summary] 川渝：依托区域协同提升产业链供应链能级。2025 年 10 月，《中共中央关 于制定国民经济和社会发展第十五个五年规划的建议》明确提出"提升成 渝地区双城经济圈发展能级"；2025 年 11 月，《成渝地区双城经济圈国土 空间规划（2021-2035 年）》明确提出支撑双城经济圈建设成为具有全国影 响力的重要经济中心、科技创新中心、改革开放新高地、高品质生活宜居 地。"十五五"时期，川渝区域还将迎来西部大开发战略实施三十周年、长 江经济带发展战略实施十周年、成渝地区双城经济圈建设十周年等一系列 重要节点。四川"十五五"规划建议紧扣"经济建设"中心与"高质量发 展"主题，聚焦于构建富有四川特色和优势的现代化产业体系，并加快推 动制造业高端化、智能化、绿色化转型；重庆"十五五"规划建议则明确 提出"迭代升级'33618'现代制造业集群体系"，并将"打造具有全球影 响力的智能网联新能源汽车之都"列为首要任务。2019-2024 年，川渝区 域加快构建高效分工、错位发展、有序竞争、相互融合的产业体系。第一 产业方面，两地协同推 ...

此外，据特斯拉微博消息，赛博无人驾驶电动车Tesla Cybercab将在得州超级工厂开启量产并投入运 营。(格隆汇) 消息面上，ARK Invest掌门人"木头姐"Cathie Wood日前在一场公开对话中表示，考虑到特斯拉横跨多个 行业的长远野心，该车企有望实现100万亿美元的市值。马斯克对此评论称："显然，要实现这样的结 果，需要付出极其巨大的努力并且要有十足的运气！我只是想说，这并非完全不可能。"。 特斯拉(TSLA.US)盘初一度涨近2%，最高触及425.46美元。 ...

Group 1 - U.S. stock indices opened higher with Nasdaq up 0.14%, Dow Jones up 0.26%, and S&P 500 up 0.15% [1] - Spotify's Q4 revenue reached €4.53 billion, exceeding market expectations of €4.52 billion, with projected monthly active users of 759 million [9] - Coca-Cola's Q4 net revenue fell short of market expectations, resulting in a 1.7% decline in its stock price [1] Group 2 - SK Group Chairman Choi Tae-won met with Nvidia CEO Jensen Huang to discuss HBM supply and AI business collaboration [2] - Hyundai Motor Group aims to supply 50,000 autonomous IONIQ 5 vehicles to Waymo by 2028, valued at $2.5 billion [3] - Amazon plans to launch a content marketplace for publishers to sell their text content to AI companies [4] Group 3 - The European Court of Justice referred the WhatsApp privacy dispute back to a lower court for retrial, stemming from a €225 million fine imposed by Ireland [5] - Brookfield is in talks to acquire Blackstone's Spanish real estate company Fidere for approximately €1 billion ($1.2 billion) [6] - Clear Channel Outdoor Holdings agreed to be acquired by a consortium led by Mubadala Capital and TWG Global, valuing the company at $6.2 billion [7] Group 4 - AstraZeneca reported a total revenue of $58.739 billion for 2025, an 8% increase year-over-year, with China contributing $6.654 billion [8] - Xiaopeng Motors applied for a patent related to humanoid robot control technology, focusing on dynamic posture correction [11] - NIO's CEO Li Bin announced plans to achieve full-year profitability on a Non-GAAP basis by 2026, with a projected operating profit of 700 million to 1.2 billion yuan for Q4 2025 [12]

重要程度：★★★★★ 央行发布2025年第四季度中国货币政策执行报告。报告指出，继续实施好适度宽松的货币政策。把促进经济稳定增长、物价合理回升作为货币政策的重要考 量，根据国内外经济金融形势和金融市场运行情况，把握好政策实施的力度、节奏和时机。 灵活高效运用降准降息等多种政策工具，保持流动性充裕和社会融资条件相对宽松，引导金融总量合理增长、信贷均衡投放，使社会融资规模、货币供应量 增长同经济增长、价格总水平预期目标相匹配。 2、五部门重磅发布，低空经济迎利好!绩优低估值潜力股揭秘 重要程度：★★★★ 工业和信息化部等五部门办公厅(秘书局、综合局、综合司)发布《关于加强信息通信业能力建设 支撑低空基础设施发展的实施意见》，其中提到，持续提升 信息通信业技术基础能力、产业供给能力、网络支撑能力和安全保障能力，有序推进低空场景通信网络建设，丰富拓展感知技术手段，辅助提升导航定位精 度，支撑建设低空智能网联系统，为低空经济发展提供坚实基础。 西南证券认为，国家"十五五"规划建议加快航空航天、低空经济产业发展。国家战略聚焦低空经济新赛道，各地相继出台低空经济发展纲领性政策，国资央 企密集成立低空经济公司。从应用场景来看 ...

截至2月10日收盘，小米集团股价报35.58港元/股，总市值9302亿港元，年初至今累计下跌近9.5%。 | 81810 | | 31.420(+0.90%) 人民币柜台 | | रुक् | -9.47% 120日 | | -32.93% | | --- | --- | --- | --- | --- | --- | --- | --- | | 委比 | 19.95% 委差 | | 204万 | 5日 | 2.83% 250日 | | -16.18% | | 委主 | 35.680 | 11.04万 ( | 24) | 20日 | -6.32% 52周高 | | 61.45 | | | | | | 60日 | -18.21% 52周低 | | 33.32 | | 至口 | 35.660 | 13.76万 ( | 24) | | | | | | 콜드 | 35.640 | 36.14万 ( | 11) | | 2023 | 2024 | 2025Q3 | | | | | | EPS | 0.70 | 0.95 | 1.37 | | 张 | 35.620 | 29.84万 ( | 9) | BPS | 6.54 ...

Core Viewpoint - Ferrari's stock rose over 7% in pre-market trading, reaching $361.20, following the release of its financial results which exceeded market expectations [1] Financial Performance - For the fourth quarter of fiscal year 2025, Ferrari reported net revenue of €1.8 billion (approximately $2.14 billion), surpassing the institutional forecast of €1.77 billion [1] - The company's net profit for the same period was €381 million, also above the expected €374 million [1] Future Guidance - Ferrari provided guidance for fiscal year 2026, projecting revenue of approximately €7.5 billion, slightly below the market estimate of €7.53 billion [1] - The company anticipates adjusted EBITDA of no less than €2.93 billion, exceeding the market expectation of €2.91 billion [1]

Group 1 - The overall performance of A-shares is expected to continue improving, with a projected net profit growth rate of 26.8% for 2025, indicating a single-digit growth trend [5][23][27] - Approximately 2954 A-share companies have disclosed their 2025 annual performance forecasts, with a disclosure rate of about 54% and a positive forecast rate of 36.9%, which is lower than the mid-year report but higher than the same period last year [12][18][23] - Key sectors expected to see performance improvement include the price increase chain, overseas expansion chain, and TMT (Technology, Media, and Telecommunications) sectors, driven by demand from AI and new energy [2][29][30] Group 2 - The major industry performance rankings for 2025 are led by Information Technology, followed by Healthcare, Midstream Manufacturing, Resource Products, Financial Real Estate, and Public Utilities [26][27] - The sectors with the highest expected profit growth include non-bank financials, beauty care, textiles, retail, and non-ferrous metals, with non-bank financials showing a positive forecast rate of 87.5% [18][20] - The price increase chain, which includes industrial metals, energy metals, and chemical products, is expected to benefit from limited capacity expansion and demand driven by AI and new energy, leading to improved performance [29][31] Group 3 - The TMT sector is projected to maintain high growth due to strong demand for AI computing and storage, with specific areas like semiconductors and communication devices expected to see significant profit increases [29][30] - The overseas expansion chain, including automotive parts and medical devices, is anticipated to benefit from stable domestic demand and improving external demand [29][30] - Other sectors such as personal care products, medical services, and seasoning products are also recommended for attention due to their potential for performance improvement [2][29]