Core Viewpoint - Honor's IPO marks a significant step towards becoming the first "AI terminal ecosystem" company in the A-share market, indicating a new phase in its "second entrepreneurship" and global exploration of Chinese tech brands [1][4]. Group 1: IPO Progress - Honor has received approval for its IPO from the Shenzhen Securities Regulatory Bureau, a crucial step after over a year of preparation [1]. - The company has diversified its shareholder structure with over 20 shareholders, paving the way for its IPO [2]. - Honor has undergone comprehensive changes in management, organizational structure, and ecosystem, including the launch of the "Eagle Plan" to recruit for key positions [2]. Group 2: Strategic Transformation - Honor's CEO announced the "Alpha Strategy," shifting the company's focus from smartphone manufacturing to becoming a leading AI terminal ecosystem company, with a planned investment of $10 billion over the next five years [3]. - The establishment of new departments, including an AI new industry department, reflects Honor's commitment to elevating AI research within its organizational structure [2][3]. Group 3: AI Strategy and Market Positioning - Honor aims to penetrate the high-end AI smartphone market, with significant sales growth reported for its new product series [5]. - The company is also targeting emerging fields such as robotics and embodied intelligence, promoting the integration of AI technology into consumer products [5][6]. - Honor has invested a cumulative total of 10 billion yuan in AI research and holds over 2,100 AI patents, positioning itself favorably in the AI ecosystem [6]. Group 4: Market Challenges and Opportunities - Despite strong momentum, analysts highlight the need for Honor to effectively translate AI technology into consumer products and balance shareholder returns with long-term R&D investments post-IPO [6].

【相机锂电池无 3C 标识不能过检？北京、上海机场：相机电池要求不变】 民航 6 月 28 日起对旅 客携带的充电宝实行新的安检规定。 6 月 27 日，有网友发帖表示，在过安检时数码相机的电池没有 3C 标识也不能过检。对此，从北京、上海等地机场获悉，安检新规仅针对充电宝，相机锂电池的安 检要求没有变化。 ( 新京报 ) 【东风日产高管就小米 YU7 言论道歉】 6 月 27 日下午，微博认证为"东风日产新能源黄照昆"的东 风日产高管发布道歉声明称，对于其在 2025 年 6 月 27 日发布的关于小米 YU7 的不当言论，深表 歉意。"我已深刻反省，并删除相关不当内容。今后定当谨言慎行，共同维护行业良性发展。" 6 月 27 日稍早时候，黄照昆在转发小米订单量微博时称，"小米 YU7 3 分钟大定 20 万台，这种数据的 背后意味着用户交车时间要等待一年以上，任何国家都没有这种愚忠的品牌粉丝。"目前该微博已删 除。（红星新闻） 完整早报音频，请点击标题下方小耳机收听 【不满法院判决，多益网络称将搬离广州并裁员 1000+ 】 6 月 27 日，游戏公司多益网络在微博发 文，称决定裁减广州团队规模 1000 ...

Group 1: IPO Applications - Beijing Stone Century Technology Co., Ltd. has submitted its IPO application to the Hong Kong Stock Exchange, with J.P. Morgan and CITIC Securities as joint sponsors [1] - OmniVision Technologies, Inc. has also submitted its IPO application to the Hong Kong Stock Exchange [2] - Shenzhen Dapu Microelectronics Co., Ltd. has had its IPO application accepted by the Shenzhen Stock Exchange, marking it as the first unprofitable company to be accepted on the ChiNext board [3] Group 2: Corporate Developments - Xiaomi's founder Lei Jun stated that the company will not disclose the 24-hour sales figures for the Xiaomi YU7, despite exceeding expectations [4] - Xiaomi's public relations manager clarified that a person rumored to be a former director was actually a kitchen worker who was dismissed for absenteeism [5] - Dongfeng Nissan's executive issued an apology for inappropriate comments regarding Xiaomi YU7, acknowledging the need for careful communication [6] Group 3: Financial Reports - Alibaba Group reported a net profit of 125.976 billion yuan and revenue of 996.347 billion yuan for the fiscal year 2025, reflecting a 77% year-on-year growth [15] Group 4: Regulatory Changes - The revised Anti-Unfair Competition Law will take effect on October 15, 2025, aiming to enhance market competition order and address new issues arising from economic development [10][11] Group 5: Corporate Restructuring - Li Auto has announced a restructuring of its sales system, with President Ma Donghui now overseeing research, supply chain, and sales [12] Group 6: Technology Developments - Tencent's Hunyuan-A13B, the first open-source MoE model, has been launched on the Magic Dock community, featuring 80 billion total parameters and 13 billion active parameters [14]

Market Overview - In Q1 2025, India's smartphone market experienced a 7% year-on-year decline in shipments, primarily due to high inventory levels and a reduction in new model launches [2] - The number of new smartphone models launched in Q1 2025 decreased by 26% compared to the same period last year, indicating manufacturers are becoming more cautious in R&D and product launches [2] Brand Performance - Vivo emerged as the top smartphone brand in India with a market share of approximately 22%, an increase of 3 percentage points year-on-year, by offering highly customized products that cater to local consumer preferences [8] - Samsung ranked second with a market share of about 17%, showing little change in its ranking and share [6] - OPPO held the third position with a market share of around 15%, maintaining its place in the top three over the past two years [6] - Xiaomi dropped to fourth place with a market share of approximately 13%, down from the top position last year, attributed to its initial success with a value-for-money strategy [6] - Realme ranked fifth with an 11% market share, a slight increase of one percentage point year-on-year, focusing on young consumers and emphasizing fashion, individuality, and technology [4]

Group 1 - Xiaomi officially launched its first SUV, the YU7, starting at 253,500 yuan, featuring an impressive standard range of 835 km and available in nine colors [1] - The beer industry is experiencing a summer surge, with manufacturers launching campaigns to capitalize on the peak consumption season, supported by events and night-time consumption initiatives [2] - The Zhejiang province has optimized the disbursement method for maternity allowances, effective July 1, 2025, allowing direct payments to designated accounts [3] Group 2 - The National Development and Reform Commission highlighted the potential of China's sports events and cultural tourism industries, as evidenced by the popularity of the "Su Super" sports events [4] - Xiaomi also launched its AI glasses, priced from 1,999 yuan, featuring a 12-megapixel camera and capabilities for immersive photography and video recording [5] - A well-known bakery in Hong Kong, famous for its "snow skin mooncakes," announced its closure due to unforeseen challenges [6] Group 3 - JD Group plans to invest in a regional center, logistics, and retail sectors in Hangzhou's Xiaoshan District, following a strategic cooperation agreement with the local government [7] - The Ministry of Industry and Information Technology reported 57 apps and SDKs violating user rights, initiating corrective actions [8] - Market news indicated that Jeff Bezos and Blue Origin are seeking to leverage the rift between Trump and Musk for government contracts [9] Group 4 - The price of Feitian Moutai has dropped significantly, with wholesale prices falling to 1,830 yuan per bottle and retail prices on e-commerce platforms as low as 1,700 yuan [10] - The CEO of Yushutech attributed the company's rapid growth to the fast-growing industry, favorable business environment in Zhejiang, and strong operational capabilities [12] - Fuwai Group, owned by Li Zekai, announced an IPO in Hong Kong, planning to issue 91.34 million shares at a price of 38.00 HKD per share [13]

Group 1 - Honor has officially submitted its IPO counseling application on June 26, 2023, with CITIC Securities as the counseling institution [1] - The company is facing multiple challenges, including market share, as it prepares for its IPO [1][3] - Honor's registered capital is 32.239 billion yuan, with Shenzhen Zhixin New Information Technology Co., Ltd. holding 49.55% of the shares [3] Group 2 - Honor aims to transform from a smartphone manufacturer to a leading AI terminal ecosystem company, planning to invest $10 billion over the next five years [1][2] - The company has launched several new products targeting niche markets, which has led to a recovery in sales, achieving a 13.7% market share in a recent week [4] - Honor's overseas market sales increased by 50% last year, with plans to establish Europe as its second home market outside China [5] Group 3 - The CEO of Honor, Li Jian, highlighted three main challenges for AI implementation: scene efficiency, performance limitations, and trust issues related to privacy and ethics [6] - Honor is focusing on key technologies to enhance AI deployment, including intelligent agent collaboration and interconnectivity across different brand devices [6] - The market perception of AI companies is changing, with expectations that Honor will receive higher valuations as it positions itself as the first AI terminal ecosystem company in the A-share market [7]

本周有不少科技新鲜事：小米发了第一台SUV，1小时大定破28万辆、多家充电宝暴雷被集体召回、特斯拉无人驾驶出租车正式上路、 苹果官方终于接入国补，更便宜的买法要来了？本期《科技很有料》（6月27日）@三易生活、@快科技、@躺倒鸭、@公子故事会、 @唐辰同学、@虎嗅、@手机中国、@通信世界、@果粉俱乐部、@机智猫，一起跟着他们看看那些有料的产品和有料的事儿： 小米新车1小时28万辆，雷军连喊三个安全 回顾：小米YU7、小米MIX Flip 2、小米AI眼镜发布，其中最受期待的是小米首款SUV——小米YU7，1小时大定突破了28万辆，雷军 发布会上指安全是前提是基础也是一切。 @三易生活：在常温环境下，我们手头这台12GB+512GB的MIX Flip 2，CPU单核已经可以跑到2900分以上的成绩，已然胜过了许多大 尺寸的直板和折叠屏机型。在加上额外的散热措施后，MIX Flip 2的单核释放更是激进到接近3100分。不同温差下的跑分差异大约为 6.3%，远低于我们的预期。 小米MIX Flip 2首测，重塑"小折叠"性能秩序 @快科技：雷军说全系车型累计投入653台测试车，完成1062万公里多场景验证，涵盖辅 ...

Group 1 - Honor has completed its listing counseling filing on June 26, 2023, with CITIC Securities as the counseling institution, and the IPO process is expected to be completed between January and March 2026 [1] - The registered capital of Honor is 32.239 billion yuan, with the controlling shareholder being Shenzhen Zhixin New Information Technology Co., Ltd., holding 49.55% of the shares [1] - Honor has undergone approximately six rounds of financing since its independence in April 2020, with the latest round in October 2024, valuing the company at 200 billion yuan [1] Group 2 - Under the new leadership of CEO Li Jian, Honor has launched the Alpha strategy, aiming to transform from a smartphone manufacturer to an AI terminal ecosystem company, with a planned investment of 10 billion USD over the next five years [2] - Honor has established new AI-related R&D departments, including a new industry incubation department and a brand marketing department [2] Group 3 - Honor officially announced its entry into the robotics sector in May 2023, seeking additional growth avenues [3] - In Q1 2025, Honor's smartphone sales in China reached approximately 9 million units, capturing a market share of 13.7%, ranking sixth in the market [3] - Honor has experienced significant growth in Latin America, the Middle East, and Africa, with sales in Southeast Asia exceeding 100% growth and a 66% increase in the Middle East and Africa in the first four months of this year [3]

瑞银集团：给予小米集团中性评级 目标价62港元 智通财经6月27日电，瑞银集团就小米集团-W(01810.HK)发布研报。认为小米提供的未交付SU7订单升 级至YU7选项会对小米电动车产能造成挑战，且由于小米YU7预售量大胜预期，产能扩张值得观察。给 予小米"中性"评级，目标价62港元。 ...

Group 1 - Xiaomi launched the Xiaomi MIX Flip 2 and REDMI K80 Supreme Edition on June 26, with the MIX Flip 2 being a highlight due to its lightweight design and advanced features [1][2] - The Xiaomi MIX Flip 2 weighs only 199g and is 7.57mm thick, featuring a 4.01-inch full outer screen with a new "dragon bone hinge" structure that enhances screen flatness and durability [1] - The REDMI K80 Supreme Edition is equipped with a Dimensity 9400+ flagship chip and a 7410mAh battery, along with a 6.83-inch 144Hz display, representing a significant step for the REDMI brand [1][2] Group 2 - The Xiaomi MIX Flip 2 will be available in various colors and is priced at 5999 yuan for the 12GB+256GB version, with additional discounts available through national subsidies [2] - Xiaomi's collaboration with Vipshop has deepened, with various promotional events since the launch of national subsidy policies, offering significant discounts on multiple products [2] - The design of the Xiaomi MIX Flip 2, featuring lightweight and high-capacity battery characteristics, is expected to appeal to the female market, potentially making it a popular choice among female consumers [4]