摘要 风险提示 芯片制程发展与良率不及预期 中美科技领域政策恶化 智能手机销量不及预期 敬请参阅最后一页特别声明 1 - 海内外 AI 聊天应用活跃度普遍增长，其中国内通义、豆包增速显著。在产品层面，谷歌发布了面向开发者的命 令行工具 Gemini CLI 和在图像内文本生成上取得突破的文生图模型 Imagen4。OpenAI 则推出了两款 Deep Research API 新模型（o3 和 o4-mini），分别针对高阶复杂研究和高性价比场景。 - 美光 FY25Q3 业绩全面超预期，数据中心营收同比翻倍，HBM 收入环比增长 50%至 15 亿美元，成为增长核心。公 司持续推进 1-gamma DRAM 与 QLC NAND 产品升级，优化产品结构，带动毛利率回升。CNBU、MBU、EBU 等多条业 务线环比增长显著，消费与嵌入式需求同样强劲。公司预计 FY25Q4 营收将环比增长 15%，全年维持 140 亿美元 CapEx 投入。随着 HBM3E 放量、HBM4 推进及 AI 服务器拉动，公司有望持续受益于数据中心高端内存与存储需求 的结构性增长。 - 6 月 26 日，小米召开发布会，展示了新款折 ...

Group 1 - The core viewpoint of the article is that Coosea Intelligent Technology Co., Ltd. is preparing for an IPO in Hong Kong, focusing on the smartphone sector, with a projected revenue exceeding 2.7 billion yuan in 2024 [1][4] - Coosea Intelligent was founded in 2006 and has developed over 526 smartphone and PCB component models, with a global sales network covering more than 73 countries [4][11] - The company has shifted its IPO strategy from A-share to Hong Kong after terminating its relationship with Minsheng Securities in January 2025 [1][4] Group 2 - The average selling price of consumer smartphones has decreased from 572 yuan in 2022 to 500 yuan in 2024, while the average price of rugged smartphones has dropped from 1,246 yuan to 1,054 yuan during the same period [11][12] - Coosea Intelligent's revenue from overseas markets accounted for over 60% of total revenue in the reporting period, with sales in the U.S. representing 18.2%, 20.9%, and 24.9% of total revenue from 2022 to 2024 [13] - The company faces challenges in the competitive smartphone market, with net profit growth slowing down significantly despite revenue growth, indicating a need for strategic adjustments to maintain market share [15][20]

以下文章来源于36氪出海 ，作者36氪出海 36氪出海 . 36氪出海（letschuhai.com）是关注出海的行业媒体，为企业跨境提供海外咨询及专业服务，同时运营着超万人的出海生态社群。 来源｜ 36氪出海（ID：wow36krchuhai） 封面来源 ｜ Unsplash 已秘密提交香港上市申请？文远知行回应 韩国首家小米之家线下门店开业 鱼你在一起泰国首店在曼谷开业 吉利汽车正式进军希腊市场 阿里巴巴2025财年收入9963.47亿元，跨境业务表现强劲 商务部：深入推进中国和南亚国家经贸合作 易控智驾完成超4亿元D轮融资 白皮书下载｜中转卡塔尔：中企参与沙特大型项目的物流新选择 2024年，沙特港口总计处理货物3.2078亿吨，同比大幅增长14.45%。但依赖单一运输路径的供应链风险不容忽视。 卡塔尔物流企 业海湾仓储公司（GWC）近期发布白皮书，提出创新物流解决方案Flow Port。 凭借卡塔尔独特的地缘优势，Flow Port为中国制 造商开辟了进入沙特市场的快速通道。通过减少海关和港口延误、简化跟踪和交付物流、提供可预测的库存进展，Flow Port构建 起连接亚洲制造业与沙特重点开发区域的物 ...

本文转载自每日经济新闻 值班编辑 | 江江 视觉 | 诺言 特朗普此前高调售卖的"土豪金"配色T1智能手机，却被发现悄悄删除了"美国制造"的标签，这无疑给特 朗普的"美国优先"口号蒙上了一层阴影。 此外，为了让苹果回到美国生产，美国总统特朗普又威胁苹果公司，如果产品非美国制造，将面临25% 的关税。但外界显然不看好iPhone"美国制造"计划。 "土豪金"手机产地罗生门： 从"美国制造"变成"美国自豪设计" 特朗普集团此前高调推出的土豪金配色的T1智能手机，悄悄地玩起了"文字游戏"，引发了美国媒体对 其"美国制造"承诺真实性的质疑。 特朗普集团推出的T1智能手机 这款定价499美元的金色款T1手机，在发布之初曾高调宣传其"美国制造"。根据有报道指出，特朗普集 团官网上最初赫然写着："我们推出的美国制造T1手机现已开放预购。" 这一明确的表述，无疑是为了迎 合特朗普"美国优先"的理念，吸引那些支持恢复美国本土制造业链条的忠实消费者。 然而特朗普集团近期已悄然移除了官网中所有关于T1手机"将在美国制造"的相关说法。目前T1手机的相 关网页仅显示，该手机乃是"美国自豪设计""诞生于美国本土"，但并未明确提及实际的制 ...

Group 1 - Trump Group has launched a smartphone priced at $499, claiming it is "Made in America" to align with Trump's policies on revitalizing American manufacturing and increasing jobs [1][3] - The CEO of Purism, the only American smartphone manufacturer, has publicly criticized the claim, stating that the phone is produced by a Chinese company [1] - The official website of Trump Group has removed the "Made in America" label, now stating the phone has a "design that makes Americans proud" and was "born in America" [1] Group 2 - The specifications of the phone have been altered, with the screen size changed from 6.8 inches to 6.25 inches, and the 12GB RAM specification removed [3] - The initial shipping date promised for September has been changed to "later this year" [3] - The mobile service plan, named "The 47 Plan," is priced at $47.45 per month, symbolizing Trump's two presidential terms as the 45th and 47th president [3][6]

悄悄删了"美国制造"。 最近，特朗普集团高调进军手机市场，推出一款售价499美元（将近3600元人民币）的智能手机， 宣称这款手机由"美国制造" 。特朗普的二儿子埃里克还对 外宣称，这款手机和移动服务旨在呼应特朗普 "振兴美国制造""提高美国就业"的政策方向。不过，手机在6月中旬一经发布，美国媒体纷纷质疑。 美国唯一本土手机制造商Purism的CEO托德·韦弗毫不留情地戳破了特朗普集团的所谓"美国制造"的谎言，称该手机是由一家中国公司生产。 近日，美国媒体发现，特朗普集团已经悄悄"改口"，在官方售卖网站上删掉了"美国制造"的描述，称这款手机拥有"令美国人自豪的设计"，并且"在美国本土 诞生"。 央视财经视频截图 T1官网变动的不仅是产地表述。部分产品功能和规格也悄然更新：最初宣传的6.8英寸AMOLED屏幕已改为6.25英寸，12GB运行内存（RAM）的标注也被删 除。此外，手机的发货日期也从最初承诺的9月改为"今年晚些时候"。 据特朗普移动（TrumpMobile）官网此前介绍，该移动网络将提供一个话费套餐和一款手机。其中，话费套餐"The 47 Plan"每月47.45美元，这个数学代表 了特朗普作为美国 ...

Group 1: Industry Insights - In 2024, Saudi ports processed a total of 320.78 million tons of cargo, marking a significant year-on-year increase of 14.45% [2] - Qatar's GWC has introduced an innovative logistics solution called Flow Port, aimed at facilitating Chinese manufacturers' access to the Saudi market by reducing customs and port delays [2] - The cross-border logistics network established by Cainiao in the Gulf region allows for package delivery within three days, enhancing logistics efficiency [4] Group 2: Company Developments - WeRide, an autonomous driving technology company, has reportedly submitted a confidential application for a Hong Kong IPO, although the company declined to comment on the matter [3] - Stone Technology has filed for an IPO in Hong Kong, with plans to use the raised funds for international business expansion, R&D enhancement, and increasing production capacity [3] - Stand Robot has submitted its prospectus for a Hong Kong listing, aiming to become the first industrial humanoid robot company publicly listed [4] Group 3: Financial Performance - Alibaba reported a revenue of 996.347 billion yuan for the fiscal year 2025, with a net profit increase of 77% year-on-year to 125.976 billion yuan [6] - E-Control Smart Driving achieved a total revenue of 986 million yuan in 2024, reflecting a 264% increase compared to 2023 [18] - The annual revenue of Yushu Technology has surpassed 1 billion yuan, indicating strong growth in the tech sector [6] Group 4: Market Expansion - Geely Auto has officially entered the Greek market with the launch of its electric SUV, Geely International EX5, in Athens [5] - Saint Bella has successfully listed on the Hong Kong Stock Exchange, becoming the first global company focused on high-end maternal care services [7] - Farmer Spring has officially entered the Hong Kong market, with plans to distribute its products across over 3,500 sales points [7]

4. 关税情况-①加拿大对超出配额的进口钢铁征收50%关税。②围绕特朗普政府的高关税政策，日美展 开第七轮部长级谈判。③韩国新任贸易部长赴美会见美国官员，希望达成"互利"贸易协议。 5. 中东局势-①特朗普称加沙停火可能"接近"达成，或于一周内实现。②特朗普否认拟向伊朗提供300亿 美元造非军事核设施。③不认为伊朗在美发动袭击前隐藏部分浓缩铀。④伊朗大使：伊朗将继续本国的 和平核能计划。⑤伊朗重新开放中部和西部领空，仅供国际航班过境。⑥伊朗政府决定成立特别法律工 作组，审查美以侵略行径。 1. 7月3日至7日，山东舰航母编队将访问香港。 2. 雷军：小米YU7标准版实测综合续航784km。 3. 小米YU7交付时间最长56周，有黄牛加价1.7万转卖。 4. 我国首个发电行业大模型"擎源"发布，模型参数达千亿级别。 5. 国家发改委紧急追加1亿元支持贵州严重洪涝灾害灾后应急恢复。 6. 媒体：比亚迪叫停"价格战"！7月1日起，全国范围取消限时"一口价"政策。 1. 韩国前总统尹锡悦抵达特检组，首度出面接受调查。 2. 美参议院公布新版特朗普税改草案，拟近日表决。 3. 美国参议院预算委员会：参议院共和党人计划在 ...

在数字化浪潮席卷全球的当下，个人信息泄露与电信诈骗已成为困扰社会的顽疾。而在生成式 AI 技 术被滥用的当下， AI 换脸、语音克隆诈骗正以 " 高仿真 " 特性突破传统防范边界。 图片来源：瑞莱智慧（简称：RealAI） 传统的防范手段面对这些高科技、高仿真的诈骗套路，日益显得力不从心，公众对个人隐私安全的忧 虑与日俱增。据瑞莱智慧公布的数据，近年来国内 AI 诈骗案件的涉案金额已经从 2020 年的 0.2 万元，增长至 2023 年的 1670 万元，年复合增长率达 1928.8% 。 2024 年上半年，已发生的 AI 诈骗案件涉案金额已超过 1.85 亿元，比上一整年还高出十倍以上。当诈骗分子用伪造的熟人影 像实施欺诈，当 " 诈骗话术 " 精准戳中用户隐私痛点，个人的安全防护能力正面临前所未有的考 验。 公众的隐私安全神经持续紧绷， 6 月 29 日全国反欺诈宣传日之际，如何有效识别和防范这些利用 AI 技术实施的诈骗，成为全社会共同关注的焦点和亟需解决的难题。在这场 AI 引发的安全危机 中，首发搭载 HarmonyOS 5.1 的华为 Pura 80 系列携两大 AI 隐私安全利器 "AI 防 ...

Group 1: AI Industry Development - The AI industry is transitioning from auxiliary tools to "Agentic AI" and "AI Agents," indicating a significant evolution in capabilities [1] - Gartner predicts the global AI semiconductor market will grow from approximately $53.7 billion last year to $196.5 billion by 2028, driven primarily by AI inference applications [1] - Taiwanese companies like Wistron, Yiyun Valley, and Acer are enhancing cross-platform deployment and customization capabilities to provide AI solutions across various sectors such as finance, retail, and manufacturing [1] Group 2: Edge AI Growth - Edge AI is expected to be a new growth engine, with hardware market size projected to increase from $2.686 billion last year to $15.988 billion by 2032, reflecting a compound annual growth rate of 22.3% [2] - Companies like Advantech, Hwa-Han, and Axiom are accelerating the integration of AI modules and edge computing platforms to capture the smart terminal device market [2] Group 3: Smartphone Market Dynamics - Despite market saturation, high-end replacement demand and the introduction of AI features are key growth drivers, with the upcoming iPhone 17 series expected to be Apple's most significant redesign in years [2] - The iPhone 17 Pro is rumored to feature a 3.5x optical zoom and a 7x lossless zoom, with significant upgrades in sensor and front camera resolution, benefiting suppliers like Largan Precision and Merry Electronics [2] Group 4: Gallium Arsenide Applications - The demand for gallium arsenide materials is rising due to increased 5G base station density, the acceleration of Wi-Fi 7 adoption, and AI server upgrades [3] - Companies like Win Semiconductors and GlobalWafers are establishing a complete production chain from epitaxy to wafer manufacturing and testing, positioning themselves to benefit from the upgrading trends in communications and AI data centers [3]