豪华的质感，源于全链路的极致把控。此次岚图邀请用户到访云峰工厂，以"明厨亮灶"的形式，向用户 展现高品质产品的诞生过程，进一步展现了岚图泰山的品质自信。 12月29日，岚图泰山第5000辆交付仪式于岚图云峰工厂举行，包括国民村长李锐等50名车主共同见证， 以"新年开泰，一路开泰"的美好寓意，为华系豪华写下里程碑式的注脚。这场始于智造源头的交付盛 典，不仅向用户全景呈现从匠心制造到品质交付的全链路，更以26天实现5000辆交付的"岚图速度"，站 稳9系旗舰SUV市场地位。 开放"后厨"，见证中国豪华的品质自信 交付序曲，始于一场深度沉浸的工厂探访。用户亲临总装车间，见证岚图泰山在高度自动化、数据化的 生产线上精准成型，直观感受世界级智造工厂的硬核实力。每一辆岚图泰山的下线，都承载着不变的匠 心与严苛的品控标准，是对"稳如泰山"品质理念的最佳诠释。 "5000辆交付，是岚图泰山的新起点。作为以用户为中心的企业，岚图不会辜负大家的信任。我们将继 续深耕技术、聆听需求，一步一个脚印，造好车、做好服务，给到用户极致的用车体验。"岚图汽车科 技股份有限公司董事长、党委书记卢放表示。 岚图云峰工厂以全球领先的智能制造体系， ...

Core Insights - The year 2025 witnessed significant transformations in the business landscape, with AI technology moving from experimental phases to large-scale applications, and cross-industry competition becoming the norm [2] - The experiences of various business leaders reflect the dynamic nature of the commercial world, emphasizing the importance of adapting to changes and maintaining ethical standards [2] Group 1: Key Business Figures - Liang Wenfeng led DeepSeek to disrupt the AI industry by releasing the R1 model, which achieved top performance with a low cost of approximately 2.08 million yuan, challenging the dominance of Western AI firms [4] - Liu Qiangdong initiated a fierce competition in the food delivery sector with a "0 commission" policy, investing heavily in subsidies while also expanding into smart robotics and automotive sectors [7][8] - Lei Jun faced significant challenges in the automotive sector, with safety concerns leading to a recall of 116,000 vehicles and a market value loss exceeding 120 billion yuan for Xiaomi [9] - Zhang Yiming maintained a low profile while achieving significant growth for ByteDance, with Douyin's e-commerce GMV reaching 4.3 trillion yuan, marking a 32% increase [14] - Huang Renxun's Nvidia became the first company to surpass a market value of 5 trillion yuan, holding over 80% of the global AI computing power market [15] Group 2: Industry Challenges and Trends - The rise of open-source models poses a challenge to Nvidia's dominance, highlighting the potential for industry disruption and the need for adaptability [16] - The tragic passing of Wang Linpeng, founder of Juran Home, underscores the pressures faced by traditional industry leaders amid market transformations [17][18] - The public backlash against traditional businesses, as seen with Jia Guolong of Xibei, illustrates the increasing demand for transparency and accountability in the food industry [12][13] - The downfall of Zhang Xuefeng, a prominent education influencer, serves as a cautionary tale about the risks of prioritizing commercial success over ethical standards [21]

Group 1: Company Developments - Xiaomi's CEO Lei Jun announced a New Year's Eve live stream event, which has been postponed to January 3 due to illness, with a promise to give away 15 Xiaomi 17 Ultra phones as compensation [2] - Huawei's rotating chairman Meng Wanzhou reported that over 36 million devices are running HarmonyOS 5.0 and highlighted the company's contributions to 5G-A networks, serving 60 million users [4] - Kuaishou's Vice President Zhou Guorui is rumored to be leaving the company, with no official response from Kuaishou as of the report [5] Group 2: Industry Milestones - Tesla announced the production of its 9 millionth electric vehicle at its Shanghai Gigafactory [6] - CATL plans to build 1,325 battery swap stations by 2025, exceeding its targets, with plans for over 3,000 stations by 2026 [7] - SoftBank has fully completed its $40 billion investment commitment to OpenAI, indicating a strong focus on the AI sector [8] Group 3: Market Activities - Didi expects over 80 million ride requests on December 31, driven by various travel demands, and has introduced incentives for drivers during the holiday period [9] - Changxin Technology's IPO application has been accepted, aiming to raise 29.5 billion yuan, marking a significant step for China's largest DRAM manufacturer [12] - MiniMax has started its Hong Kong IPO process, with a total subscription amount of approximately 2.723 billion HKD from 14 cornerstone investors [13] Group 4: Technological Innovations - Micron's wireless charging chips have been successfully integrated into AI smartphones developed in collaboration with ByteDance and ZTE [11] - Tencent has launched and open-sourced its translation model 1.5, supporting 33 languages and 5 dialects, available for edge deployment [16] - Non-invasive brain-computer interface technology was applied for the first time in a national sports event, showcasing advancements in assistive technology [17]

Group 1: Company Developments - Xiaomi's CEO Lei Jun announced a New Year's Eve live stream event, which has been postponed to January 3 due to illness, with a promise to give away 15 Xiaomi 17 Ultra phones as compensation [2] - Huawei's rotating chairman Meng Wanzhou reported that over 36 million devices are running HarmonyOS 5.0 and highlighted the company's contributions to 5G-A networks, serving 60 million users [4] - Kuaishou's Vice President Zhou Guorui is rumored to be leaving the company, with no official response from Kuaishou as of the report [5] - Tesla announced that its 9 millionth electric vehicle rolled off the production line at its Shanghai Gigafactory [6] - CATL plans to build 1,325 battery swap stations by 2025, exceeding its targets, and aims to establish over 3,000 stations by 2026 [7] - SoftBank has fully completed its $40 billion investment commitment to OpenAI, indicating a strong focus on the AI sector [8] - Didi expects over 80 million ride requests on December 31, driven by various travel demands, and has introduced incentives for drivers during the holiday period [9] - Samsung has reportedly received U.S. approval to ship chip manufacturing equipment to its factories in China starting in 2026 [10] - Micron's wireless charging chips have been successfully integrated into AI phones developed in collaboration with ByteDance and ZTE [11] - Changxin Technology's IPO application has been accepted, aiming to raise 29.5 billion yuan, marking a significant step for China's largest DRAM manufacturer [12] - MiniMax has begun its Hong Kong IPO process, with a total subscription amount of approximately 2.723 billion HKD from 14 cornerstone investors [13] - Cao Cao Mobility announced the acquisition of 100% stakes in Yao Mobility and Geely Business Travel for a total cash consideration of approximately 225 million yuan [14] Group 2: Product and Technology Innovations - Qingtian Rental launched a "1 yuan instant rental" service, aimed at making robotic applications more accessible for businesses [15] - Tencent released and open-sourced its translation model 1.5, supporting 33 languages and 5 dialects, with options for edge deployment [16] - Non-invasive brain-computer interface technology was applied for the first time in a national sports event, showcasing its potential in competitive settings [17]

来源：美通社 在马凯硕看来，深圳45年的发展历程，也是一段深港关系演变的历史——从单向溢出，走向相互赋能。 凭借年轻的人口结构和高度集聚的创新生态，深圳持续吸引包括新能源汽车、增强现实在内的新兴产 业。在全球经济增长放缓的背景下，马凯硕认为，深圳为发展问题提供了另一种思路。 马凯硕表示："深圳所取得的成就，能够真正启发各国思考，在如此短的时间内究竟可以实现多大的发 展跨越。" 在他看来，这种启示源于深圳的产业转型。站在俯瞰深圳湾的摩天大楼上，马凯硕回忆起数十年前从香 港眺望这里的情景："当时这里什么都没有，只有稻田；而今天，这里的天际线已可与世界主要城市比 肩。" 在深圳本土电动汽车制造商比亚迪，马凯硕试驾了多款新车型，并观摩了刀片电池技术的安全演示。 成立于三十年前的比亚迪，如今业务遍及全球116个国家和地区。在马凯硕看来，比亚迪的崛起正是深 圳从传统制造迈向高端科技产业转型的缩影。 今年是深圳经济特区建立45周年。45年来，深圳已发展成为中国内地规模最大的城市经济体之一，并被 广泛视为中国发展政策的重要试验田。 马凯硕指出，深圳的优势不仅体现在产业层面，也体现在制度层面。在前海深港青年创业梦工场，他与 多 ...

种种迹象显示，结合2025年前三季度国内生产总值（GDP）同比增长5.2%，以及前11个月经济运行情况，2025年全年经济社会发展主要目标顺利完成基 本无虞。 然而，发展之路从非坦途。回望很不平凡的2025年，国际环境变乱交织，我国发展经历转型调整的挑战，经济稳定运行压力有所上升。 "要坚定信心、用好优势、应对挑战，不断巩固拓展经济稳中向好势头。"中央经济工作会议作出重大判断。 锚定经济社会发展目标，有效应对各种冲击挑战，以习近平同志为核心的党中央引领中国经济巨轮不惧风雨、破浪前行，绘就了一幅中国经济高质量发展 的崭新图景。 01 经济实力跃上新台阶 ——以习近平同志为核心的党中央引领2025年高质量发展 ■ 中国经济时报记者 周子勋 时至岁尾，万象更新。站在"十四五"收官与"十五五"启新的历史交汇点，2025年，中国经济巨轮在风浪中笃行、于变革处破局，交出了一份质量高、成色 足的经济答卷。 2025年处于"十四五"与"十五五"两个五年规划承前启后的关键节点，实现全年经济社会发展目标，事关经济发展和社会稳定大局，事关"十四五"规划顺利 收官，事关中国式现代化建设全局。 "坚决实现全年经济社会发展目标。"党的二 ...

Market Overview - A-shares opened higher with the Shanghai Composite Index up 0.09% and the ChiNext Index up 0.15% [1] - The Hong Kong market opened lower, with the Hang Seng Index down 0.21% and the Hang Seng Tech Index down 0.22% [1][8] - Domestic commodity futures mostly rose, with nickel up 3.05% and lithium carbonate up 2.02% [1][9] Sector Performance - The advanced packaging, memory, consumer electronics, commercial aerospace, and photovoltaic sectors showed strength, while stablecoins and energy metals concepts weakened [1] - The non-ferrous metals sector saw significant gains, with Jiangxi Copper hitting the daily limit and other companies like Yunnan Copper and Zijin Mining rising over 5% [1][2] - The commercial aerospace concept strengthened again, with companies like Tailong Technology and Aerospace Development seeing notable increases [2][3] Stock Highlights - Jiangxi Copper's stock price rose to 55.03, up 9.51% [2] - Tailong Technology experienced a five-day consecutive rise, indicating strong market interest [2] - New stock N Hengdongguang listed with a surge of over 1000%, reaching a price of 350 yuan [4] Bond Market - Government bond futures opened with slight increases across various maturities, with the 30-year contract up 0.04% and the 10-year contract up 0.05% [1][4]

展望后市，申万宏源指出，2026年汽车"两新"补贴政策落地将修复市场对行业总量的担忧，为新能源板 块带来明确利好。补贴政策将有效撬动换购需求，利好主打中低端市场的新能源整车企业，同时带动零 部件企业2026年上半年业绩显著改善。叠加行业反内卷涨价周期与智能化升级趋势，新能源产业链盈利 弹性有望释放，建议关注业绩有支撑、估值低位的零部件企业，以及智能化优势突出的新势力车企与核 心供应商。 每日经济新闻 2025年12月31日，A股三大指数高开后集体翻绿，创业板新能源ETF华夏（159368）开盘后跳水下跌， 跌幅为0.94%。盘面上，罗博特科上涨4.77%，中来股份上涨2.56%，迈为股份上涨2.30%，中伟股份上 涨1.68%。截至发文，创业板新能源ETF华夏（159368）成交额达1483万元，居同类基金首位。 创业板新能源ETF华夏（159368）是全市场跟踪创业板新能源指数的规模最大ETF基金。创业板新能源 指数主要涵盖新能源和新能源汽车产业，涉及电池、光伏等多个细分领域。创业板新能源ETF华夏 （159368）高弹性，涨幅可达20cm；费率最低，管理费和托管费合计仅为0.2%；规模最大，截至2025 ...

Core Viewpoint - The global vacuum cleaner robot industry is experiencing a resurgence, with Stone Technology, once a market leader with a market value of 393 billion yuan, officially starting its IPO journey in Hong Kong, potentially becoming the world's first publicly listed vacuum cleaner robot company [1][12]. Group 1: Company Background - Stone Technology, known as the "king of vacuum cleaner robots," attracted significant investment from top venture capital and private equity firms, including Xiaomi Group, and achieved a peak market value of over 1 trillion yuan in 2021 [1][2]. - The company faced challenges as the global market shifted, leading to a decline in its market value to 393 billion yuan, despite efforts to expand its market share and enter the capital-intensive fields of embodied intelligence and humanoid robots [1][10]. Group 2: Recent Developments - In a recent move, Stone Technology showcased its embodied intelligence robot in a documentary, indicating a strategic shift as it prepares for its Hong Kong IPO [2][11]. - The company has launched the "P10 Pro" vacuum cleaner robot, priced at 3,999 yuan, which quickly became a bestseller, contributing to a 15.54% year-on-year increase in overall sales [8][12]. Group 3: Financial Performance - For the first three quarters of 2025, Stone Technology reported revenue of 12.066 billion yuan, a year-on-year increase of 72.22%, but net profit decreased by 29.51% [12]. - The company is facing cash flow challenges, with a net cash flow from operating activities of -1.06 billion yuan due to rising raw material and R&D costs, highlighting the urgency for funding through the upcoming IPO [12].

转自：北京日报客户端 12月29日，由中国国家博物馆、工业和信息化部新闻宣传中心联合主办的"筑基强国路——中国制造'十 四五'成就展"正式开幕。此次展览通过高端制造、产业基础、智能制造、绿色制造、融合发展、美好生 活等六大板块、300余件（套）展品，全景呈现"十四五"期间中国制造的辉煌成果。 "十四五"期间，中国新能源汽车产业迅猛发展，2024年产销双双突破1300万辆，连续十年稳居全球第 一。本次展览中，由赛力斯与华为联合设计的问界M9与国产大飞机C919、复兴号动车组等并列展出， 不仅彰显自主品牌在电动化、智能化转型中的领先成果，更标志着中国汽车工业正加速迈向全球价值链 高端。 校检：张萌、孙朝阳 未来，赛力斯将继续坚持"软件定义汽车"理念，深化智能化与电动化融合发展，以持续的技术迭代与产 品进化，不断优化用户体验，引领中国新能源汽车产业迈向更高质量、更高水平的发展新阶段，助力制 造强国建设行稳致远。 审核：朱沙 来源：北京日报客户端 据了解，截至目前，问界系列累计交付突破90万辆，其中问界M9自上市以来累计交付突破26万辆，累 计20个月稳居50万级豪华车市场销冠，改变了豪华市场长期由国外品牌主导的局面 ...