《世界品牌500强》榜单基于品牌的世界影响力进行综合评估，主要考量市场占有率、品牌忠诚度和全球领导力三大核心指标。本年度，世界品牌实验室 对全球约8000个知名品牌进行了系统评分，最终遴选出最具影响力的500个品牌。 作为中国科技制造领域的代表企业，长虹近年来持续推进"人工智能+"战略，在AI家电、智能制造、绿色能源、医疗健康等多个领域取得突破性进展。今 年6月，长虹在"2025年中国500最具价值品牌"榜单中品牌价值达2521.39亿元；9月，又在"2025年亚洲品牌500强"中跃居第51位，创历史新高。 12月17日，世界品牌实验室(World Brand Lab)正式发布2025年度(第二十二届)《世界品牌500强》排行榜。中国共有50个品牌上榜，稳居全球第三。其中， 长虹以强劲的品牌影响力位列第279位，较2024年上升4位。 长虹制造的国内首套星闪联接模组，是工信部牵头制定的近距离无线通信标准，中国通信产业科技自立自强的重要里程碑 在品牌建设方面，长虹坚持"扎根本土、放眼全球"策略。2025年，长虹升级为国际雪联滑雪大跳台世界杯冠名赞助商，并助力中国选手苏翊鸣夺得金牌， 深化"科技+体育"融合。此前 ...

冰雪覆盖的黑瞎子岛上，一座高约40米的巨大"东"字雕塑矗立在东极广场。 这里地处被誉为"华夏东极"的祖国最东端城市黑龙江抚远市，也是中国最早看见日出的地方。此时是这里最寒冷的时候，最低气温可达-30℃，极端最低 气温-42℃。 正是这样的环境，成为了董明珠展示格力技术硬实力的"天然实验室"。 抚远东极广场上的"东"字雕塑 前不久，格力在黑瞎子岛上开启了一场名为"100小时极寒挑战"的极限直播。格力电器CMO朱磊带队深入这片冰雪腹地，在极寒天气里凿冰冬泳，在东极 广场迎接第一缕阳光，格力电器董事长董明珠也"空降"直播间，在冰天雪地中的一座梦幻小屋里围炉煮茶、畅谈人生，还有工程师带来拆机大挑战…… 当这些充满诗意与挑战的画面同时出现，让人不禁好奇这场在极寒中展开的"极限实验"，董明珠又想放什么招了？ 一场关于"稳"的公开答辩 这不是格力第一次在极端环境下"自讨苦吃"。 今年7月，朱磊在吐鲁番火焰山完成了一场48小时生存挑战，在临时搭建的简易房内，仅凭一台格力冷静王+空调，在室外46℃、外机温度高达59℃的极端 环境中，完成不间断高温挑战直播。9月，在黄河壶口瀑布，朱磊在直播时当众舀起一桶浑浊的黄河水，经过格力6个 ...

Core Insights - The article emphasizes the significance of China's vast market size and growth potential as a major advantage for the country's development [1] Group 1: Market Size and Growth Potential - China has a population of over 1.4 billion, with the middle-income group expected to exceed 800 million in the next decade [5] - China remains the world's second-largest consumer market, the largest online retail market, and the second-largest import market [6] - The retail sales of consumer goods are projected to surpass 50 trillion yuan this year, with domestic demand contributing an average of 86.4% to economic growth [7][8] Group 2: Consumption Trends - Per capita GDP in China has exceeded $13,000, leading to a strong demand for high-quality goods and services [8] - The average annual growth rate of service consumption expenditure is 9.6% from 2020 to 2024, outpacing that of goods consumption [10] - The replacement of old consumer goods has driven sales exceeding 2.5 trillion yuan, benefiting over 360 million people [9] Group 3: Market Integration and Regulation - The establishment of a unified national market is underway, focusing on five unifications and one openness [13] - The number of negative list items for market access has been reduced to 106, a decrease of approximately 30% [16] - The manufacturing sector has seen the complete removal of foreign investment restrictions, with the negative list for foreign investment reduced to 29 items [24] Group 4: Future Economic Focus - The central economic work conference has prioritized "domestic demand as the main driver" for the upcoming year [25] - Plans include expanding the supply of quality goods and services, optimizing policies, and stimulating private investment [26]

Core Viewpoint - The continuation of the "national subsidy" policy for large-scale equipment updates and consumer goods trade-in programs is confirmed for 2026, aimed at stimulating consumption and investment growth in the economy [2][3]. Group 1: Policy Implementation - The central economic work conference emphasized the optimization of the "two new" policies, which include large-scale equipment updates and consumer goods trade-in programs [2][5]. - The Ministry of Finance plans to utilize various government bond funds and issue ultra-long-term special bonds to support these initiatives [2][3]. - The scale of funding for the "two new" policies will increase to 500 billion yuan in 2025, with 300 billion yuan allocated for consumer goods trade-in, marking a 150 billion yuan increase from the previous year [3]. Group 2: Economic Impact - The "two new" policies have significantly contributed to consumption, investment, and economic stability, promoting high-quality development [3][4]. - In the first three quarters, investment in equipment and tools increased by 14% year-on-year, contributing 2 percentage points to overall investment growth [4]. - The consumer goods trade-in program has driven sales exceeding 2.5 trillion yuan, benefiting over 360 million people, with notable increases in the trade-in of automobiles and home appliances [6]. Group 3: Future Directions - The "national subsidy" policy will continue to evolve, with new categories of products added to the trade-in program, including digital devices and various home appliances [8]. - The implementation of personal consumption loans and service industry loans will be supported to enhance consumer demand and service supply [8]. - Future optimization of the "two new" policies may include expanding subsidies to the service consumption sector to further stimulate economic growth [8].

Core Viewpoint - The continuation of the "national subsidy" policy for consumer goods trade-in is confirmed, aimed at stimulating consumption and investment, and supporting economic growth in 2024 [3][4]. Group 1: Policy Implementation - The "Two New" policy focuses on large-scale equipment updates and consumer goods trade-in, significantly impacting consumers, particularly in sectors like automobiles and home appliances [4][6]. - The 2025 plan includes an increase in special long-term bonds to support the "Two New" initiatives, with a total funding of 500 billion yuan, of which 300 billion yuan is allocated for consumer goods trade-in, marking a 150 billion yuan increase from the previous year [4][5]. - The policy has shown significant effectiveness in promoting consumption, investment, and structural adjustments, contributing to high-quality development [4][8]. Group 2: Economic Impact - The "Two New" policy is seen as a powerful tool for expanding domestic demand, with trade-in programs generating over 2.5 trillion yuan in sales and benefiting more than 360 million people from January to November this year [7][8]. - The trade-in of automobiles exceeded 11.2 million units, while home appliances saw over 12.8 million units traded in, indicating strong consumer engagement [7]. - The policy has also facilitated a shift towards smart appliances and electric vehicles, with a 31.2% year-on-year increase in new energy vehicle sales [8]. Group 3: Future Directions - The upcoming implementation of the "national subsidy" policy will include new categories for trade-in, such as smartphones and various home appliances, expanding the scope of consumer goods eligible for subsidies [9]. - The government plans to enhance financing support through personal consumption loans and service industry loans, aiming to meet diverse consumer needs [9]. - Future adjustments to the "Two New" policy may include expanding subsidies to service consumption, further stimulating economic growth [9].

Core Insights - The article discusses the emergence of "reward economy" in China, reflecting a shift in consumer behavior towards seeking quality and emotional value in consumption, particularly in entertainment and smart home appliances [1][2] Group 1: Economic Context - China's economic development is transitioning from high-speed growth to high-quality growth, with consumer preferences evolving from mere availability to quality [1] - The recent Central Economic Work Conference emphasized the importance of domestic demand and consumption as a priority for economic strategy [1] Group 2: Industry Trends - The sectors of home appliances, gaming, and film are closely tied to consumer spending, with a notable shift from material needs to spiritual and intelligent consumption [2] - AI technology is significantly transforming the film, gaming, and home appliance industries, enhancing content production efficiency and creating new consumer experiences [2] Group 3: Future Outlook - The integration of consumption and technology is expected to lead to a dual recovery in performance and valuation for related industries, with consumption likely becoming a key investment tool in the coming year [3] - Current valuations of consumer-related products are considered low, suggesting potential investment opportunities in ETFs related to home appliances, film, and gaming [3]

点击上图▲立即收听 " 到 2030 年，中国 AI 数据中心直接驱动的铜需求将增长至近 100 万吨，占届时中国铜总需求的 5%—6% 。 " 文 /巴九灵（微信公众号：吴晓波频道） 2025中国家电科技年会上，空调"铝代铜"的声音，划破了中国产业经济半边天空。 19家企业签署《空调铝强化应用研究工作组自律公约》，以推进"铝代铜"，其中头部空调品牌包括美的、海尔、海信、TCL、奥克斯、小米、 美博七家，并呼吁"禁止恶意攻击行为，科学宣传铝热换器空调的特点"。 消息一出，社交媒体上出现了一些争议。 铜是空调最核心原材料，一台空调约20%的重量来源于铜。凭借导热性、耐腐蚀性方面的优势，铜材常被做成空调核心部件冷凝器和蒸发器的铜 管。倘若换成铝，中消协数据显示，铝管空调寿命一般只有8—10年。与此同时，铝铜异材焊接也是一个世界难题，热胀系数差异会导致泄漏风 险，并缩短空调寿命。 格力董事长董明珠也提到这个行业痛点： 用铝管会便宜很多，所以我们也纠结，为了迎合市场，我们便宜，可能买的人会更多，但是如果用铝管替代，你要保证十年不坏，如 果你两三年坏了，消费者就是受害者……研究几年下来，我们到现在还没有100%的把握说 ...

近日，四川省乐山市商务局、乐山市总工会推出汽车、家电"以旧换新"惠职工专场活动，通过"政府补 贴+企业让利"的叠加优惠模式，带动市场消费活力。图为消费者在咨询补贴政策、选购享受补贴的家 电产品。 李华时摄（人民视觉） 新的一年，消费品以旧换新"国补"还会持续吗？ 近日召开的中央经济工作会议在明年经济工作重点任务中明确指出，优化"两新"政策实施。财政部 日前也在相关会议中提出，用好用足各类政府债券资金，发行超长期特别国债，持续支持"两重"建 设、"两新"工作。这也进一步明确，明年"国补"将继续实施。 稳增长惠民生 "两新"，是指大规模设备更新和消费品以旧换新，其中消费品以旧换新政策与普通消费者关系密 切。 根据国务院2024年印发的《推动大规模设备更新和消费品以旧换新行动方案》，消费品以旧换新主 要涉及汽车、家电以及家装厨卫等消费品。当前，我国耐用消费品市场规模居全球首位，已进入存量优 化阶段。通过实施消费品以旧换新政策，有利于激发升级消费需求，释放消费潜力。 2025年，"两新"政策加力扩围实施，支持该项工作的超长期特别国债资金规模增加至5000亿元。其 中，3000亿元用于支持消费品以旧换新，比上年增加15 ...

Group 1 - The article highlights the achievements of various analysts and research teams in the financial sector, emphasizing their dedication and contributions to their respective industries [1][2][3][4][5][6][7]. - Analysts express gratitude towards their clients, families, and colleagues for their support, indicating a strong sense of community and collaboration within the industry [2][3][4][5][6]. - The recognition of analysts and research teams is seen as a motivation to continue delivering high-quality research and insights, with a focus on innovation and market leadership [4][5][6][7]. Group 2 - The article mentions the commitment of companies like Zheshang Securities and Changjiang Securities to deepen their research capabilities and embrace new industries, aiming to become leading research institutions in the market [1][5][7]. - Analysts from various firms, including Guolian Minsheng Securities and Xinyi Securities, emphasize the importance of research in building brand influence and supporting investors [6][7]. - The collective achievements of research teams are celebrated, with a focus on teamwork and the shared goal of contributing to the growth of the financial market [5][6].

Core Viewpoint - Xiaosong Co., Ltd. is undergoing a change in control, with Shanghai Jiasheng Times planning to acquire 9.25% of the company's shares for 286 million yuan, leading to a significant drop in the company's stock price following the announcement [1][2]. Group 1: Control Change Announcement - Shanghai Jiasheng Times intends to acquire 9.25% of Xiaosong Co., Ltd. for 286 million yuan, becoming the controlling shareholder [1][2]. - The share transfer price is set at 9.32 yuan per share, which is a discount compared to the closing price of 9.61 yuan on December 17 [2]. - After the transfer, Jiasheng Times will have the authority to reorganize the board of directors and amend the company's articles of association [2]. Group 2: Market Reaction - Following the announcement, Xiaosong Co., Ltd.'s stock opened 3.43% higher but quickly fell to the daily limit down, closing at 8.65 yuan per share, with a total market value of 2.875 billion yuan [2]. - The trading volume on the day of the announcement was approximately 421 million yuan [2]. Group 3: Financial Performance - Xiaosong Co., Ltd. has faced declining performance, with net losses reported in 2023, 2024, and the first three quarters of the current year [4]. - Revenue figures for 2022, 2023, and 2024 are approximately 1.724 billion yuan, 1.604 billion yuan, and 1.529 billion yuan, respectively, with corresponding net profits of 10.05 million yuan, -6.9164 million yuan, and -225 million yuan [4]. - In the first three quarters of the current year, the company reported revenue of about 764 million yuan and a net loss of approximately 71.11 million yuan [4]. Group 4: Background of New Controlling Shareholders - Jiasheng Times is co-owned by Luo Minghua and Liu Lingshuang, with Luo having a background in finance and management in the textile industry [3]. - Liu Lingshuang has diverse investments across tourism and healthcare sectors, indicating a broad business interest [3]. - Both new shareholders are associated with companies that were established recently, in November of the current year [3]. Group 5: Recent Business Decisions - Prior to the control change announcement, Xiaosong Co., Ltd. disclosed plans to sell its loss-making subsidiary, Guohai Construction, for 150 million yuan [5]. - Guohai Construction reported net losses of approximately 47.17 million yuan and 31.16 million yuan for the previous year and the first three quarters of the current year, respectively [5]. - To avoid conflicts of interest, a board member resigned from his position prior to the transaction [5].