Group 1: CES Overview and Trends - Las Vegas hosts over 22,000 commercial events annually, contributing more than $10 billion in revenue, with CES being the most significant event [1] - CES has evolved through various technology trends over the past 15 years, including the rise of drones, smart home devices, and AI [2] - The focus of CES 2026 shifted to embodied AI and humanoid robots, indicating a transition from novelty to serious commercial discussions [2] Group 2: Rise of Chinese Companies - Chinese exhibitors have significantly increased in presence and quality at CES, moving from peripheral displays to central exhibition halls [3][4] - In 2019, Chinese exhibitors peaked at approximately 30% of total participants, and over 1,300 Chinese companies participated in the latest CES, reaffirming their dominance as the largest foreign presence [3] - Chinese companies have transitioned from low-cost manufacturing to showcasing core technologies, with over 40% of CES 2026 Innovation Awards going to Chinese firms [4][5] Group 3: Lenovo and Hisense's Strategic Moves - Lenovo hosted its Tech World conference at the Sphere, marking a significant event for the company and showcasing its industry position [6] - The presence of major tech leaders at Lenovo's event highlighted its status as a leading consumer electronics company [6] - Lenovo became the official technology partner for the FIFA World Cup 2026 and 2027, emphasizing its commitment to global sports marketing [7][9] Group 4: Robotics and AI Developments - Humanoid robots emerged as a key focus at CES 2026, showcasing advancements in AI and commercial viability with costs reaching around $20,000 [10] - The competition in the robotics sector is intensifying among China, the U.S., and South Korea, with each region adopting different strategies for ecosystem integration [11] - Chinese robotics companies are increasingly entering the global market with a focus on commercial applications, moving beyond mere technology demonstrations [12][13] Group 5: Market Dynamics and Future Outlook - The robotics industry is shifting from feasibility to long-term deployment, with Chinese firms leveraging their manufacturing capabilities for sustained operations [13][14] - Companies like UBTECH and Yush Robot are achieving significant milestones in production and government contracts, indicating a stable demand in the early market [14] - The evolution of Chinese companies from supporting roles to industry leaders reflects a broader trend of defining industry standards and enhancing brand recognition [14]

Core Viewpoint - The company, Yingqu Technology, forecasts a significant increase in net profit for the year 2025, projecting a range of 540 million to 660 million yuan, representing a growth of 114.69% to 162.40% compared to the previous year [2] Financial Performance - Expected net profit attributable to shareholders is projected between 540 million and 660 million yuan, compared to 251.5246 million yuan in the previous year [2] - Basic earnings per share are anticipated to be between 0.72 yuan and 0.88 yuan, up from 0.33 yuan in the same period last year [2] - After excluding non-recurring gains and losses, the net profit is expected to be between 22 million and 26 million yuan, showing a change of -7.60% to +9.20% compared to 23.80857 million yuan last year [2] Revenue Growth - The company's operating revenue is expected to be between 4.037 billion and 4.216 billion yuan, reflecting a year-on-year growth of approximately 13% to 18% [2] - This growth is attributed to the alleviation of adverse business fluctuations and stable development across segments such as innovative consumer electronics, automotive electronics, and health environment [2] Value Changes and Expenses - The company anticipates significant fair value changes from its equity investments, which are expected to contribute an additional 381 million yuan to net profit attributable to shareholders [2] - There is an expected increase in period expenses due to the company's commitment to innovation, increased R&D investment, and the implementation of a new stock incentive plan costing 20.0652 million yuan, along with factors like exchange rate fluctuations [2]

其中最重要的展会，莫过于每年年初的国际消费电子展(CES)。这个全球最重要的消费电子展会已经有近60年历史，从1978年开始固定每年年初 在拉斯维加斯举办。过去几十年间，这里见证了全球科技行业一波又一波的潮流更替与新王交替。 从2012年开始，我几乎每年都会来到拉斯维加斯。过去十多年的拉斯维加斯之行，提供了足够多的观察样本——科技趋势的迭代、产业格局的变 化、中国企业的崛起，都在这个每年一度的展会上留下清晰的印记。 十五年技术潮流更替 回顾2010年代初，CES的主题相当明确：PC产业试图通过超极本(Ultrabook)概念延续生命力，而移动互联网的兴起让智能手机成为焦点。英特 尔、三星、LG、索尼占据着最重要的C位。 此后的演变基本遵循着技术成熟度曲线。2013-2016年迎来了消费级无人机热潮，大疆将易飞、带摄像头的四旋翼无人机推向大众市场，航拍和 娱乐应用迅速流行，但监管限制、隐私担忧和安全问题很快导致预期回落，进入泡沫破裂期（许多初创公司倒闭，市场趋于理性）。 2014-2018年是智能家居和语音助手热潮，亚马逊和谷歌带动将AI语音交互推向消费市场。VR/AR在2016年前后达到预期峰值，HTC索尼微 ...

Core Insights - The consumer electronics industry is navigating a complex landscape characterized by both opportunities and challenges, driven by AI demand and traditional market pressures [2][3] - The industry is expected to evolve towards structural opportunities in 2026, focusing on AI hardware innovations to mitigate rising costs and expand connectivity [2][12] Market Performance - In 2025, the Shenwan Consumer Electronics Index rose by 47.5%, slightly underperforming the electronic index by 0.6 percentage points but significantly outperforming the CSI 300 by nearly 30 percentage points [3][4] - The market faced volatility due to geopolitical tensions and rising storage costs, with DDR5 memory prices increasing over 120% and NAND flash prices surging over 300% [5][10] Policy and Macro Drivers - Government policies have been pivotal, promoting AI hardware and establishing national projects for AI chip and algorithm development, which support the industry's growth [4][12] - The introduction of new digital products and subsidies has aimed to stimulate demand, although the overall market impact remains limited due to stable demand conditions [4] Structural Opportunities - The industry is witnessing significant structural differentiation, with segments closely tied to AI, such as PCB and electronic components, outperforming traditional sectors [8][10] - Companies successfully transitioning into AI-related fields, like Luxshare Precision and Industrial Fulian, are experiencing substantial performance improvements [10][33] Company-Specific Insights - Luxshare Precision is positioned as a leader in AI terminal assembly, benefiting from partnerships with major tech firms like Apple and OpenAI, which are expected to drive future growth [10][33] - Xiaomi is adjusting its product strategy to focus on high-end markets, while its automotive business is entering a critical phase of validation [31][32] - Huawei is leveraging its HarmonyOS ecosystem and advancements in smart driving to strengthen its market position across various price segments [28] Future Outlook - The consumer electronics sector is anticipated to face ongoing challenges from rising storage costs and the need for innovation in AI hardware [12][15] - The smartphone market is projected to contract in 2026, with a forecasted decline in shipments due to increased material costs driven by AI developments [16][19] - The introduction of new products, such as Apple's foldable iPhone, is expected to reshape market dynamics and drive technological advancements across the supply chain [15][27] Investment Themes - The focus for 2026 will be on deepening the understanding of brand competition, manufacturing upgrades, and component innovation within the industry [25][46] - Companies that can effectively navigate the evolving landscape and capitalize on AI advancements are likely to emerge as key players in the market [12][46]

消费电子ETF(561600)，场外联接(平安中证消费电子主题ETF发起式联接A：015894；平安中证消费电 子主题ETF发起式联接C：015895；平安中证消费电子主题ETF发起式联接E：024557)。 截至2026年1月9日 09:40，中证消费电子主题指数(931494)成分股方面涨跌互现，长电科技(600584)领涨 5.05%，科达利(002850)上涨4.72%，通富微电(002156)上涨4.22%；兆易创新(603986)领跌。消费电子 ETF(561600)最新报价1.25元。 风险提示：基金有风险，投资需谨慎。基金管理人承诺以诚实信用、勤勉尽责的原则管理和运用基金资 产，但不保证本基金一定盈利，也不保证最低收益。基金管理人提醒投资人基金投资的"买者自负"原 则，在做出投资决策后，基金运营状况与基金净值变化引致的投资风险，由投资人自行负担。基金的过 往业绩及其净值高低并不预示其未来业绩表现，基金管理人管理的其他基金的业绩不构成对本基金业绩 表现的保证。投资人购买基金，既可能按其持有份额分享基金投资所产生的收益，也可能承担基金投资 所带来的损失。投资人应当认真阅读《基金合同》《招募说明书》 ...

Core Viewpoint - Apple Inc. is accelerating its succession plan as CEO Tim Cook, aged 65, aims to reduce his workload, with hardware engineering senior vice president John Ternus emerging as the leading candidate for the CEO position [1][3] Group 1: Leadership Transition - John Ternus, currently 50 years old, aligns with the age at which Cook took over as CEO, presenting a significant advantage for succession [3] - Ternus has been with Apple since 2001, starting in the product design team and now overseeing core product lines such as iPhone, Mac, and AirPods, including the recent iPhone Air [3] - Ternus led the transition of Mac to in-house M-series chips, marking one of Apple's most important technological breakthroughs in recent years [3] Group 2: Management Dynamics - Tim Cook has praised Ternus as a "deeply knowledgeable and visionary leader," highlighting his capabilities despite a low-profile approach [3] - The aging executive team at Apple makes Ternus's experience and age an ideal fit for a stable transition, as the company prepares for future leadership changes [3] - The ongoing management changes at Apple are expected to have a lasting impact on the global technology industry landscape [3]

贾跃亭携新车亮相 CES：很快回国 何小鹏：今年规模量产人形机器人 小米 2025 千万技术大奖颁发 可以科技发布全球首款桌面 AI 伙伴 商务部回应审查 Meta 收购 Manus ☁️ 被小米辞退 4 个月后，王腾官宣成立新公司 「全球首款」可量产全固态电池遭质疑 阶跃星辰端到端语音模型完成全球首秀 京东回应成立「变色龙业务部」 智谱 CEO：实现 AGI 是终极目标 荣耀 Magic8 Pro Air 曝光 一加 Turbo 6 系列正式发布 海底捞「小便门」当事人登报道歉 迪士尼或入局竖屏视频内容 何小鹏：今年规模量产人形机器人 昨日，小鹏汽车举行「2026 小鹏全球新品发布会」。 26 款 P7+ 新车尾灯改为全新一体星轨式设计，车身加长 15mm；车内空间方面，新款 P7+通过采用厚度仅 109mm 的 800V 电池包以及双层悬浮尾翼设计，将后排有 效头部空间提升至 973mm。 增程车型采「49.2kWh 的 5C 超充 AI 电池配合 45L 油箱（增程器支持 92 号）」组合，CLTC 纯电续航里程达到 430 公里。 P7+ 全系标配了前双叉臂、后五连杆独立悬架，并辅以 CDC 连续阻尼 ...

当地时间1月6日，2026年美国国际消费电子展（CES）在拉斯维加斯开幕。在这场全球科技竞技中，海信以"有爱，科技也动情"为主题亮相中央馆展 区，"RGB始终领先一代"的核心主线贯穿全场，不仅彰显了中国品牌在显示领域的技术主导权，更直观展现了中国制造在全球产业链中的话语权提升。 从全球每10台RGB-Mini LED电视就有9台来自海信的绝对优势，到第三次牵手世界杯的定制化产品矩阵，再到覆盖家庭全场景的AI智慧解决方案，海信 以技术突破与市场业绩为支撑，完成了中国科技全球化的进阶实践。 CES 2026海信展区 海信RGB成世界选择的中国科技 海信展区入口处，116英寸全新一代RGB-Mini LED电视UX凭借极致视觉效果占据核心C位。这款产品的亮相，既是海信作为RGB-Mini LED电视开创者、 引领者与普及者的技术积淀彰显，更印证其"始终领先一代"的核心竞争力。 权威数据印证其市场统治力。奥维云网监测显示，2025年双11期间，2万元以上85英寸线下高端大屏赛道中，RGB-Mini LED电视销量占比达48.7%，形 成"每两台高端大屏就有一台是RGB-Mini LED"的市场格局。其中，海信以超90 ...

文｜富充 编辑｜苏建勋 美国当地时间1月6日，CES 2026在拉斯维加斯开展。这场为期三天的展会，刚刚结束了第一天的议程。 此外，North还可以自主折纸风车，从折纸到固定支架，在包括30多个动作的连续长程任务中，展现抗干扰和泛化能力。 完成这些，North机器人靠的是SharpaWave 灵巧手，以及自研的具身大模型和运动控制系统。现场，Sharpa发布了模型CraftNet，它融合了视觉、语言与触 觉输入，并将灵巧手采集的触觉信息用于接触操作中"最后一毫米"的精确控制。 △图源：企业官方 2.波士顿动力：走出实验室，去"现代"打工了 现场，中国参展企业继续大刷存在感。这个历史最悠久、影响力最大的消费电子展会，今年共汇聚了超过4500家展商，其中约1000家为中国公司。 来自全球的AI硬件，都在本届CES上不断强调着一件事：AI的能力正在大规模走出屏幕，进入物理世界。 在2026年CES如此庞杂的品牌和产品之中，哪些是不容错过的？这篇合集里，我们从开展首日的有趣展出中，挑选了最有亮点的20个。 1.Sharpa：会折纸风车的人形机器人 2025年上半年，新加坡机器人公司Sharpa因高自由度灵巧手Shar ...

来源：智通财经 当地时间1月8日，苹果公司在提交给美国证监会（SEC）的文件中披露，其首席执行官蒂姆·库克2025 年总薪酬为7429.48万美元（约合5.2亿元人民币），较2024年的7460万美元微降0.4%。 | | | Salary | Stock Awards(1) | Non-Equity Incentive Plan Compensation(2) | All Other Compensation | Total | | --- | --- | --- | --- | --- | --- | --- | | Name and Principal Position | Year | (ટ) | (ટ) | ($) | ($) | (S) | | Tim Cook | 2025 | 3,000,000 | 57,535,293 | 12,000,000 | 1759518 | 74,294,811 | | Chief Executive Officer | | | | | | | | | 2024 | 3,000,000 | 58,088,946 | 12,000,000 | 1,520,856 | ...