格隆汇1月1日｜零跑汽车：2025年，零跑全年累计交付达596555台，同比增长103%，保持强劲增长态 势，展现出品牌实力与市场竞争力。12月，零跑汽车全系交付达60423台，同比增长42%。2026年，我 们将继续坚守初心，向"世界级智能电动车企"目标前进。 ...

Core Viewpoint - In 2025, the Chinese electric vehicle market is entering a highly competitive phase, with GAC Aion achieving significant sales growth, particularly with the launch of the Aion i60, which sold over 10,000 units in its first month, contributing to a total monthly sales of 40,066 units in December, marking a new annual sales high [1][12]. Group 1: Product and Market Strategy - The Aion i60, as the first "national extended-range 5-seat SUV," effectively addresses mainstream family users' demands for "high value and low anxiety" travel, lowering the consumption threshold for high-quality electric vehicles [3][5]. - Aion's product matrix is expanding with models like Aion V home and Aion UT super, enhancing sales structure and increasing the proportion of C-end users, indicating a solid market foundation [5][10]. - Aion has introduced the "three responsibilities" policy, addressing user concerns regarding safety, smart applications, and battery life, enhancing user trust and brand responsibility [5][12]. Group 2: User Engagement and Operational Strategy - Aion is transitioning from "car manufacturing" to "co-creating life" through user engagement initiatives like "User Festival," fostering deeper connections with customers in major cities [6][12]. - The company is investing in its charging network, maintaining the highest number of 1000V fast charging stations among car manufacturers, effectively alleviating users' range anxiety [8][12]. Group 3: Quality and Customer Satisfaction - Aion has been recognized as the top brand in the annual China automotive quality rankings for three consecutive years, reflecting its commitment to quality and service [8][9]. - In customer satisfaction surveys, Aion scored 86.39, outperforming many competitors, indicating strong market approval [9]. Group 4: International Expansion and Future Outlook - Aion is solidifying its international presence, with models like AION Y and Aion UT entering European markets, contributing to sales growth [10][12]. - The company is preparing for intensified competition in 2026 by enhancing its product matrix and user operations, supported by the establishment of the Haobo Aion BU for resource integration and optimization [12][14]. - Upcoming product launches, including the Aion N60 and the Haobo A800, are set to diversify offerings and enhance market competitiveness [14][16].

Core Viewpoint - The article discusses the performance and strategic developments of Li Auto in 2025, highlighting its delivery numbers, product innovations, and market positioning in the electric vehicle sector. Delivery Performance - In January 2025, Li Auto delivered 29,927 vehicles, with 29,120 being range-extended and 807 being pure electric [1] - February 2025 saw deliveries of 26,264 vehicles, with 25,583 being range-extended and 681 pure electric [1] - March 2025 deliveries increased to 36,674, with 35,758 range-extended and 916 pure electric [2] - April 2025 deliveries were 33,939, with 33,836 range-extended and 103 pure electric [2] - May 2025 deliveries reached 40,856, with 39,862 range-extended and 994 pure electric [3] - June 2025 deliveries were 36,179, with 33,875 range-extended and 2,304 pure electric [4] - July 2025 saw deliveries of 30,731, with 27,915 range-extended and 2,816 pure electric [5] - August 2025 deliveries totaled 28,529, with 23,196 range-extended and 5,333 pure electric [6] - September 2025 deliveries were 33,951, with 24,554 range-extended and 9,397 pure electric [9] - October 2025 deliveries reached 31,767, with 18,340 range-extended and 13,427 pure electric [15] - November 2025 deliveries were 33,181, with 18,984 range-extended and 14,197 pure electric [17] - December 2025 deliveries totaled 44,246 [20] Product Innovations and Collaborations - Li Auto announced a deep collaboration with Tsinghua University for research in automotive intelligence technology [1] - The company introduced the MEGA model, which achieved its first monthly sales exceeding that of competitors [2] - Li Auto's MindGPT 3.0 was released, showcasing advancements in AI technology [3] - The launch of the Star Ring OS technical architecture white paper was announced, indicating a focus on software development [3] - Li Auto's VLA (Vehicle Language Architecture) was highlighted as a significant innovation in their autonomous driving strategy [9] Market Positioning and Strategy - Li Auto's CEO expressed confidence in achieving significant sales targets in the high-end electric vehicle market, aiming for stable monthly sales of 6,000 units for the i8 and 9,000-10,000 units for the i6 [9] - The company is focusing on enhancing its competitive edge through product differentiation and technological advancements [19] - Li Auto is exploring international markets, with plans to enter countries like Egypt, Kazakhstan, and Azerbaijan [20] Financial Performance - In Q1 2025, Li Auto reported revenue of 2.598 billion, with a gross profit margin of 20.5% and a net profit of 272 million [4] - The company faced challenges in maintaining cash flow, reporting a free cash flow of -2.53 billion in Q1 2025 [4] - The financial outlook for Q2 2025 was adjusted, indicating potential difficulties in meeting delivery guidance [4][5] Public Relations and Brand Image - Li Auto's management has been proactive in addressing negative public sentiment and misinformation regarding its products [2][3] - The company has engaged in various marketing strategies, including collaborations with influencers and public figures to enhance brand visibility [6][7]

Core Insights - Lantu Automotive reported a total delivery of 150,169 vehicles in 2025, representing a significant year-on-year growth of 87%, maintaining strong growth for several consecutive years [1] Group 1: Product Performance - In 2025, Lantu launched five high-end products, with Lantu FREE+ and the new Lantu Zhiyin forming the "SUV Twin Stars," while Lantu Dreamer, Lantu Taishan, and Lantu Zhuiguang L comprised the "Three Flagships," all performing well in their respective market segments [1] - Lantu Dreamer has consistently ranked as the top-selling high-end MPV for several months, and Lantu Taishan achieved 5,000 deliveries in just 26 days [1] Group 2: Market Position and Future Prospects - Lantu Automotive has submitted a listing application to the Hong Kong Stock Exchange, marking a significant step towards its IPO, with its brand value, technological strength, and development prospects being highly recognized by the capital market [1] - As a benchmark for the transformation and upgrading of state-owned enterprises, Lantu's strategic determination, innovative spirit, and market vitality accumulated during the 14th Five-Year Plan period will serve as core advantages for faster and higher-quality development in the 15th Five-Year Plan period [1]

Group 1 - China's economy is expected to maintain steady growth in 2025, successfully achieving annual targets, with strong momentum continuing into 2026 driven by new consumption, enhanced production capabilities, and a solid export position in global supply chains [1] Group 2 - New consumption is set to expand and improve, with policies aimed at boosting domestic demand, including increased quotas for trade-in programs and an expanded range of supported products, leading to over 2.5 trillion yuan in sales benefiting more than 360 million people in 2025 [2] - The shift in consumer trends towards value-for-money and emotional value is notable, with experiential consumption in areas like culture, travel, and fitness driving growth [2] - AI is enhancing both online and offline retail experiences, with innovations like instant retail and smart shopping becoming more prevalent, expected to lead to deeper integration and quality improvements in consumption by 2026 [3] Group 3 - Core technology breakthroughs are reshaping industrial advantages, with advancements in AI, semiconductors, and commercial aerospace expected to drive high-quality upgrades in various sectors [4] - The renewable energy sector is projected to expand significantly, with an expected addition of over 20 million kilowatts of wind and solar power capacity by 2026, contributing to energy structure optimization and carbon peak goals [4] - The digital transformation of manufacturing is advancing, with a penetration rate of 68% in 2025, leading to efficiency improvements of over 25% in key industries [4] Group 4 - Export resilience is anticipated, with a focus on diversifying markets and consolidating China's leading position in global supply chains [6] - The reduction of tariff uncertainties is expected to stabilize trade with the U.S., while high-value, green products are becoming key growth drivers, with electric vehicle exports reaching 3.01 million units in 2025, a 62% increase [7] - China's trade with Belt and Road Initiative countries accounted for over 50% of exports in 2025, indicating a strong foundation for non-U.S. trade [7] - Continued high-level openness and trade innovation are expected to strengthen global supply chain positions, with rapid growth in cross-border e-commerce and digital technologies reducing trade costs [8]

在过去的一年里，纳斯达克中国金龙指数全年累计上涨11.33%。多家明星中概股交出亮眼答卷。其 中，阿里巴巴累计上涨超75%、网易涨58.28%、百度涨近55%。另外，阿特斯太阳能涨113.76%、富途 控股涨105.29%、世纪互联涨78.48%、小鹏汽车涨71.66%。 贵金属方面，12月31日纽约尾盘，现货黄金跌0.53%，报4316.59美元/盎司。现货白银跌6.16%，报 71.5733美元/盎司。期货也以大跌收盘，COMEX黄金期货跌1.24%，COMEX白银期货跌8.91%报70.98 美元/盎司。 2025年全年表现上，国际金银均创1979年以来最大年度涨幅，现货黄金年内累计上涨超64.55%，现货 白银年内累计上涨147.95%。 12月31日，WTI 2月原油期货收跌0.53美元，跌幅0.91%，报57.42美元/桶，2025年累计下跌将近20%。 布伦特2月原油期货收跌0.48美元，跌幅0.78%，报60.85美元/桶，2025年累计下跌超18%，创2020年以 来最大年度跌幅，连续第三年走低——创历史上最长年度下跌。 2025年美股收官，从全年表现来看，经历4月的颠簸后，标普500指数录 ...

都说农业是弱质产业。再看看现在：手机成了新农具、直播成了新农活、数据成了新农资，农业生 产方式正在发生质变。质变带来什么结果？那些昔日的贫困村彻底走出了贫困的循环，在乡村振兴的大 道上阔步向前。千百年来，饥馑一直与我们相伴，如今，"中国饭碗"牢牢端在了中国人自己手里。 都说中国是制造业大国。名副其实！中国灯塔工厂总数超80家，占世界的42%，稳居全球首位；新 能源汽车、锂电池和光伏产品"新三样"，正以模式创新重构全球价值链…… （来源：光明日报） 转自：光明日报 【社论】 依依挥别2025年！ 往昔那样不舍，往事那样堪忆！是啊，过去一年发生的一切，哪一件拿出来不感人肺腑？哪一件拿 出来不彪炳史册？ 都说科技是第一生产力。2025年，我国的科技交出了怎样的答卷？DeepSeek，这项人工智能技 术，颠覆传统路径，重塑全球行业版图；"人造太阳"，创造"亿度千秒"世界纪录，改写人类可控核聚变 探索进程；"天问二号"，开启行星际探测新旅程，让中国科技闪耀苍穹。 长路漫漫，功在不舍。"而世之奇伟瑰怪非常之观，常在于险远"，只有付出别人难以企及的努力， 克服常人难以克服的困难，才有可能看到前方风景的璀璨。 今年是"十五五 ...

2025年12月30日，北京市高级人民法院召开执行财产线索接转中心运行成效新闻发布会，通报北京法院 执行财产线索接转中心运行成效并发布典型案例。据介绍，2025年前11个月，北京法院通过执行财产线 索接转中心共接收线索12989条、成功查控财产5570件，执行到位金额6.8亿余元。 （来源：工人日报） 当天发布的一起典型案例，彰显了执行财产线索接转中心适配数字经济时代新型财产查控、变现的功 能。该案中，某实业公司、王某等与申请执行人的合同纠纷案件进入执行程序后，因未查询到被执行人 名下可供执行财产，案件依法终结本次执行程序。 此后，申请执行人向接转中心提交一条新的财产线索，称被执行人王某虽所属公司经营不善，但仍以个 人名义通过某平台直播带货销售钻石，且提供了具体直播账号，请求法院执行该笔直播收益。 线索专管员收到该案线索后，立即精准移交承办法官。承办法官迅速行动，第一时间向平台所属公司发 出协助执行通知书，依法冻结并扣划王某平台账户内直播收益约20万元。同时秉持善意文明执行理念， 未限制账户正常直播功能，保障其后续偿债能力。案款到账后，王某主动与申请执行人协商，达成以直 播带货佣金折抵剩余案款的和解协议。 北 ...

Group 1: New Listings - Jiangsu Xihua New Energy Technology Co., Ltd. listed on the Shanghai Stock Exchange main board on December 23, raising 1.01 billion yuan, with a first-day stock price increase of 264.46% and a market cap of approximately 11.4 billion yuan as of December 29 [3][5] - Ningbo Jianxin Superconducting Technology Co., Ltd. listed on the Shanghai Stock Exchange Sci-Tech Innovation Board on December 24, raising 779 million yuan, with a first-day stock price increase of 212.81% and a market cap of approximately 7.9 billion yuan as of December 29 [3][5] - Shenzhen Tian Su Measurement and Testing Co., Ltd. listed on the Shenzhen Stock Exchange ChiNext on December 23, raising 600 million yuan, with a first-day stock price increase of 174.48% and a market cap of approximately 6.8 billion yuan as of December 29 [4][5] - Nabai Chuan New Energy Co., Ltd. also listed on the Shenzhen Stock Exchange ChiNext on December 23, raising 632 million yuan, with a first-day stock price increase of 408.17% and a market cap of approximately 10.1 billion yuan as of December 29 [4][5] Group 2: Companies Passing Review - Shijiazhuang Vision Technology Co., Ltd. passed the review for listing on the Shanghai Stock Exchange Sci-Tech Innovation Board on December 24, focusing on micro-display solutions [6][8] - Luoyang Shenglong Mining Group Co., Ltd. passed the review for listing on the Shenzhen Stock Exchange main board on December 23, engaged in non-ferrous metal mining [9][10] - Hangzhou Fuen Co., Ltd. passed the review for listing on the Shenzhen Stock Exchange main board on December 26, specializing in eco-friendly fabric [9][10] - Shenzhen Dapu Microelectronics Co., Ltd. passed the review for listing on the Shenzhen Stock Exchange ChiNext on December 25, focusing on enterprise-level SSD products [9][10] - Nanchang Sanrui Intelligent Technology Co., Ltd. passed the review for listing on the Shenzhen Stock Exchange ChiNext on December 26, specializing in drone and robot power systems [9][10] Group 3: Companies Submitting IPO Applications - Tianjin Fujida Bicycle Industrial Co., Ltd. submitted an IPO application to the Shanghai Stock Exchange main board on December 24, planning to raise 773 million yuan [12][14] - Shenyang Compressor Group Co., Ltd. submitted an IPO application to the Shanghai Stock Exchange main board on December 25, planning to raise 2.134 billion yuan [12][19] - Shenzhen Hanno Medical Technology Co., Ltd. submitted an IPO application to the Shanghai Stock Exchange Sci-Tech Innovation Board on December 23, planning to raise 1.062 billion yuan [12][23] - Dandong Oriental Measurement and Control Technology Co., Ltd. submitted an IPO application to the Shanghai Stock Exchange Sci-Tech Innovation Board on December 25, planning to raise 1.1 billion yuan [12][25] - Suzhou Tongxin Medical Technology Co., Ltd. submitted an IPO application to the Shanghai Stock Exchange Sci-Tech Innovation Board on December 26, planning to raise 1.064 billion yuan [12][27] - Shenzhen Deep Blue Ocean Technology Co., Ltd. submitted an IPO application to the Shanghai Stock Exchange Sci-Tech Innovation Board on December 26, planning to raise 1.5 billion yuan [12][29] Group 4: Financial Data Highlights - Fujida projected revenues of 4.371 billion yuan, 3.621 billion yuan, and 4.880 billion yuan from 2022 to 2024, with net profits of 348 million yuan, 285 million yuan, and 408 million yuan respectively [17][18] - Shenyang Compressor Group projected revenues of 7.396 billion yuan, 8.206 billion yuan, and 9.309 billion yuan from 2022 to 2024, with net profits of 181 million yuan, 355 million yuan, and 442 million yuan respectively [20][21] - Hanno Medical projected revenues of 0, 298 million yuan, and 493 million yuan from 2022 to 2024, with net losses of 647 million yuan, 3.41 billion yuan, and 1.83 billion yuan respectively [24] - Oriental Measurement and Control projected revenues of 603 million yuan, 521 million yuan, and 567 million yuan from 2022 to 2024, with net profits of 92.5 million yuan, 74.8 million yuan, and 73.1 million yuan respectively [26] - Tongxin Medical projected revenues of 8.611 million yuan, 50.453 million yuan, and 77.351 million yuan from 2022 to 2024, with net losses of 1.89 billion yuan, 3.06 billion yuan, and 3.72 billion yuan respectively [28]

2026年1月1日，随着新年钟声敲响，广东新年消费品以旧换新活动（即"国补"活动）正式启动。零点刚过，广州完成首笔线下使用以旧换新补贴的消费，标 志着该政策顺利落地实施。记者从省商务厅方面了解到，在国家以旧换新平台的支持下，这是今年全国首笔落地的以旧换新"国补"订单。 据省商务厅消息，广东省21个市均在1月1日启动2026年"国补"活动。首笔交易发生在广州京东MALL，为扩大新年促消费政策效果，该商场实行跨年营业。 市民吴女士使用以旧换新补贴购买了一部vivo智能手机，成为今年全国首位通过该补贴政策完成交易的消费者。 吴女士表示，她此前通过公开渠道关注到2026年"国补"的相关信息，提前预约来线下店买新手机，尝到了新政策的"头啖汤"。她在京东MALL现场根据指引 完成相关操作，通过云闪付APP领取了以旧换新补贴资格。她购买的手机原价为5999元，在享受国家以旧换新补贴500元的基础上，叠加平台及品牌优惠 后，最终到手价为4849元。"这次政策叠加下来很优惠，使用广发银行分期还能享受88元还款金，办理流程也很简便、流畅。"吴女士说。 同日零时许，在京东MALL的新年车展现场，一辆崭新的广汽埃安i60新能源SUV ...