Core Viewpoint - The article discusses the competitive landscape of handheld imaging devices, particularly focusing on DJI's Pocket 3 and its impact on the market, highlighting the growth potential and challenges faced by companies in this sector [5][7][30]. Group 1: Market Dynamics - DJI's Pocket 3 recently experienced a price drop of 900 yuan, attributed to the strength of competing products, particularly from Insta360, which has led to a public apology from Insta360 [5][6]. - The handheld imaging device market has seen significant growth, especially as traditional markets like smartphones and PCs stagnate, with DJI's market share reportedly leading globally [7][30]. - The emergence of new competitors, including OPPO and vivo, indicates a growing interest in the handheld imaging segment, which has become a rare growth area in the consumer electronics market [7][30]. Group 2: Technological Evolution - DJI has established itself as both a drone and imaging company, leveraging its expertise in drone technology to innovate in handheld imaging devices [9][10]. - The development of the Pocket series has been influenced by advancements in stabilization technology, which is crucial for capturing high-quality images and videos [10][28]. - The integration of imaging systems into drones has highlighted the commercial value of imaging technology, leading to the successful launch of products like the Phantom series and the Pocket series [12][13]. Group 3: Competitive Strategies - Companies in the smartphone sector are increasingly venturing into the handheld imaging market, viewing it as a complementary extension of their core business [25][27]. - The competitive landscape is characterized by the need for differentiation in functionality and technology, particularly in stabilization and image processing capabilities [22][28]. - The market for handheld imaging devices is projected to exceed $6 billion by 2024, presenting a lucrative opportunity for smartphone manufacturers despite its relatively small size compared to the overall smartphone market [30][32].

Core Insights - Samsung has unveiled its first tri-fold smartphone, the Galaxy Z TriFold, featuring a 10-inch foldable screen [1] - The device supports dual unfolding operations and has a thickness of approximately 3.9 mm when fully opened, making it one of the thinnest Galaxy models [1] - The Galaxy Z TriFold is equipped with advanced AI functionalities that enhance user experience through features like photo editing and web summarization [1][3] Design and Usability - The Galaxy Z TriFold's design allows for multiple applications to run simultaneously on the large screen, facilitating multitasking [3] - Users can customize their interface by adjusting application sizes and layouts, catering to personal preferences [3] - The device can be rotated for a vertical view, enhancing usability for web browsing and document reading [3] Hardware Specifications - The smartphone is powered by the Snapdragon 8 Gen 2 mobile platform, ensuring robust performance for various applications [5] - It features second-generation dynamic AMOLED screens with high resolution, peak brightness, and a 120Hz adaptive refresh rate [5] - The device includes a 5600 mAh battery with 45W fast charging capabilities, improving overall battery life [5] Camera and Imaging - The Galaxy Z TriFold boasts a rear camera system led by a 200-megapixel main sensor, designed for diverse shooting scenarios [5] - It incorporates an enhanced low-light performance engine that optimizes brightness and color based on shooting conditions [5] Software and Features - Samsung DeX can now run independently on the Galaxy Z TriFold, allowing users to create multiple desktops and run several applications simultaneously [7] - The device can connect to external displays for an enhanced PC-like experience, improving productivity [7] Pricing and Availability - The Galaxy Z TriFold is available for pre-order, with the 16GB+512GB version priced at 19,999 yuan and the 16GB+1TB version at 21,999 yuan [7]

领益智造近日宣布，已正式向香港联合交易所提交H股上市申请，计划在港交所主板挂牌上市，此举标志着该公司将开 启"A+H"双资本平台的全新发展阶段。这一动作被视为公司深化资本市场布局、提升国际影响力的重要一步。 | | | | 截至12月31日止年度 | | | | | 截至9月30日止九個月 | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | 2022年 | | 2023年 | | 2024年 | | 2024年 | | 2025年 | | | | | 佔收入的 | | 佔收入的 | | 佔收入的 | | 佔收入的 | | 佔收入的 | | | 金額 | 百分比 | 金額 | | 金額 | 百分比 | | 百分比 | | 百分比 | | | | | | | (人民幣千元,自分比除外) | | | | | | | | | | | | | | | (未經審計) | | | | 收入 | 34,502,540 | 100.0 | 34,154,017 | 100.0 | 44,259,533 | 100.0 | 3 ...

Core Viewpoint - The market is experiencing significant differentiation, with strong performance in sectors like commercial aerospace and wind power equipment, while traditional consumption and real estate sectors are facing notable adjustments [4][6][7]. Market Performance - The Shanghai Composite Index failed to maintain the 3900-point threshold, influenced by declines in technology and consumer stocks, while the Shenzhen Composite Index and ChiNext Index saw the largest adjustments due to pressure from sectors like new energy and biomedicine [4][6]. - The trading volume in both markets increased, driven by divergent policy expectations, accelerated thematic rotations, and intensified capital discrepancies [7]. Sector Analysis - New energy and high-end manufacturing sectors emerged as the core strength against the market downturn, supported by policy backing, technological breakthroughs, and growing demand [6]. - Commercial aerospace, nuclear fusion, and wind power equipment sectors showed strong performance, while real estate, retail, and large consumption sectors became focal points for capital outflows [7][9]. Capital Flow - Institutional investors are adjusting their portfolios defensively, increasing positions in policy-driven sectors like commercial aerospace and wind power equipment, while reducing exposure to semiconductor equipment and consumer electronics [9]. - Retail investors are exhibiting a mix of risk aversion and speculative behavior, with funds flowing into banking and public utilities, while some are actively participating in short-term trading in commercial aerospace and nuclear fusion [9].

| 2025.09.23 | 108.00 | 1.300 | 1.260 | 138.36 | | --- | --- | --- | --- | --- | | 2025.09.22 | 76.80 | 1.280 | 1.250 | 97.07 | | 2025.09.19 | 109.20 | 1.320 | 1.270 | 141.87 | | 2025.09.18 | 121.20 | 1.340 | 1.280 | 159.56 | | 2025.09.17 | 134.80 | 1.370 | 1.310 | 180.57 | | 2025.09.16 | 260.00 | 1.350 | 1.310 | 347.66 | | 2025.09.15 | 352.80 | 1.330 | 1.230 | 464.61 | | 2025.09.12 | 310.00 | 1.330 | 1.300 | 409.72 | | 2025.09.11 | 92.40 | 1.310 | 1.290 | 120.36 | | 2025.09.10 | 103.60 | 1.280 | 1.250 | 13 ...

① 【三大期指齐跌，大型科技股普跌】道指期货跌0.44%、标普500指数期货跌0.89%、纳指期货跌 1.21%。大型科技股集体下跌，台积电跌超2%；英伟达跌超1.5%，英特尔、AMD、博通、高通跌近 1.5%，Meta、美光科技跌超1%。 ② 【遭多家金融机构下调目标价，甲骨文盘前跌超12%】甲骨文盘前跌超12%。消息面上，12月10日盘 后，甲骨文发布2026财年第二财季财报，营收为161亿美元，同比增长14%，GAAP净利润为61亿美 元，同比增长57%。 财报显示，公司第二季度自由现金流为-100亿美元。公司近期发行了约180亿美元新的投资级债券，其 未偿债务总额已超过1000亿美元，成为所有拥有投资级评级的大型科技公司中债务规模最大的一家。 ④ 【苹果首款智能眼镜据称明年发布】12月11日，据媒体综合多份权威爆料称，苹果首款智能眼镜 Apple Glasses将在2026年发布，大概率在苹果全球开发者大会WWDC上公布，2027年启动量产与上 市。 ⑤ 【英伟达抢占明年过半份额台积电先进封装产能】据媒体报道，DigiTimes的一份报告指出，英伟达 已预订了台积电将在2026年生产的80万至85万片 ...

Core Insights - The collaboration between Sei Network and Xiaomi marks a significant step in integrating cryptocurrency into mainstream consumer technology, with plans to pre-install a Sei-driven Web3 application on Xiaomi smartphones starting in 2026 [1][9]. Group 1: Strategic Collaboration - The partnership encompasses Xiaomi's major smartphone brands, including Mi, Redmi, and POCO, targeting markets in Europe, Latin America, Southeast Asia, and Africa, where Xiaomi has a substantial market share [2][11]. - This collaboration represents a "hardware-level distribution strategy," bypassing traditional app download barriers and transforming cryptocurrency from an optional feature to a pre-installed function [2][11]. Group 2: User Experience and Application Design - The pre-installed application utilizes advanced MPC (Multi-Party Computation) wallet technology, allowing users to log in with familiar accounts like Google or Xiaomi, eliminating the need for complex seed phrases [4][13]. - The application serves as a Web3 exploration portal, featuring a discovery center for decentralized applications (dApps) across various sectors, including DeFi, GameFi, social, and NFTs [4][13]. Group 3: Future Vision and Market Impact - The ultimate goal of the collaboration is to enable real-world commercial payments through a stablecoin payment system, set to launch in the second quarter of 2026 in markets with clear regulatory frameworks [5][14]. - This integration aims to allow users to purchase Xiaomi products using Sei's native stablecoins in over 20,000 retail stores globally, enhancing the practical utility of cryptocurrency in everyday transactions [5][14]. Group 4: Market Reaction and Token Dynamics - Following the announcement, the price of SEI tokens surged, testing key resistance levels, indicating a structural bullish signal for the token [7][16]. - Trading volume for SEI increased by over 260% within 24 hours of the news, reflecting strong market enthusiasm and expectations for future price movements [7][16]. Group 5: Developer Support and Ecosystem Growth - Sei Labs launched a $5 million Global Mobile Innovation Program to fund and incentivize developers to create native blockchain applications for Xiaomi's mobile ecosystem [8][17]. - The collaboration is viewed as a pivotal moment in the mainstream adoption of Web3, aiming to integrate cryptocurrency seamlessly into daily life [8][17].

巨头的烦恼。 《投资者网》引线 | 吴微 A股消费电子板块的标杆安克创新（300866.SZ），近日向港交所提交了招股书，拟港股二次上市。安克创新曾以独特的"浅海战略"和极致的单品运营能 力，在全球消费电子版图中切下了一块属于中国品牌的蛋糕。从早期的充电配件起家，到如今构建起的包含智能家居、影音娱乐在内的多品类矩阵，安克创 新不仅是"出海"的代名词，更是中国供应链向全球品牌转型的样本。 然而，安克创新的估值逻辑正在发生微妙的变化。自2025年8月以来，安克创新A股股价经历了一轮显著的调整。这种市场情绪的波动，或许能在其财务数 据中找到解释。2025年第三季度，安克创新虽然维持了19.88%的营收增长，但较此前30%以上的收入增速相比，已出现了明显的放缓，同期公司的扣非净利 润甚至出现了2.92%的下降，为2022年第一季度来的首次。值得注意的是，2025年前三季度，安克创新的存货账面余额在短短九个月内出现了90%以上的增 长，达到61.47亿元。 在营收规模冲刺300亿大关之际，安克创新此时选择赴港双重上市，既是全球化资本布局的必然一步，也折射出这家消费电子巨头在"浅海"渐深、竞争加剧 背景下增长放慢的压力。 ...

| Goldman 高盛 摩根大通 | | --- | | J.P.Morgan CICC中等公司 | 图片来源：安克创新官网 作为曾经的"移动电源领域领军者"，安克创新近年来接连遭遇核心产品召回、海外关税政策冲击、现金流承压等多重挑战。 就在市场对其品控能力、抗风险韧性的质疑声持续发酵之际，安克创新抛出上市计划。然而，资本市场的审视目光向来严苛：一边是品控修复工作尚未完 成、现金流压力亟待缓解的基本面，一边是赴港融资的迫切诉求——投资者是否愿意为这家仍处"阵痛期"的出海企业注入资本？ | [编纂]的[编纂]數目 : [編纂]股H股(視乎[编纂] | | | --- | --- | | 行使情況而定） | | | [编纂]股份數目 . . | [编纂]股H股(可予重新分配) | | [编纂]股份數目 .. | [编纂]股H股(可予重新分配及 | | 視乎[编纂]行使情况而定) | | | 最高[編纂] : | 每股H股[编纂]港元,另加1.0%經 | | 紀佣金、0.0027％證監會交易徵費、 | | | 0.00015%曾財局交易徵費及 | | | 0.00565%香港聯交所交易費(須於 | | | [編纂 ...

景顺长城基金黎海威现任基金资产总规模为82.07亿元，管理过的基金多为股票型和指数型基金，任职期间回报最高的产品 是景顺长城沪深300指数增强A（000311），为指数型基金，在任职的12年又46天时间内获得207.86%的回报，至今仍在管 理该基金。 12月11日，A股三大指数截至收盘，沪指跌0.7%报3873.32点，深成指跌1.27%报13147.39点，创业板指跌1.41%报3163.67 点。从板块行情上来看，今日表现较好的是超导概念、可控核聚变和麒麟电池，而F5G概念、CPO概念和算力概念等板块 下跌。 基金经理是一只基金产品最核心的成员，能决定一只基金的投资方向、投资策略以及投资风格，基金经理出色的择时选股 能力和调研预测能力是基金业绩的有力保证，所以基金经理是投资者在选择基金产品时的重要依据。基金经理的变动很大 程度上会影响到基金产品未来的表现，是一个需要特别关注的信息。12月11日共有23位基金经理发生任职变动。 根据巨灵统计的数据，近30天（11.11-12.11）共有701只基金产品的基金经理发生离职。其中今天（12.11）有24只基金产品 发布基金经理离职公告，涉及9名基金经理。从变动 ...