(本文来自第一财经) 美股周二收盘，道指收跌0.1%，标普500指数跌0.49%，纳指跌0.65%。辉瑞(PFE.N)涨5%， Coinbase(COIN.O)跌6.3%，微软(MSFT.O)、Meta Platforms(META.O)均跌超1%。纳斯达克中国金龙指数 跌0.56%，百胜中国(YUMC.N)跌6%，蔚来汽车(NIO.N)跌2%。 ...

Core Viewpoint - Li Auto's July sales data shows a significant year-on-year decline of 39.7%, indicating pressure on its extended-range series and a need for substantial upgrades to enhance product competitiveness [1] Sales Performance - In July 2023, Li Auto sold 30,731 vehicles, a decrease of 39.7% year-on-year [1] - Cumulative sales from January to July 2023 reached 235,000 units, down 2.2% year-on-year [1] Product Launch and Strategy - The company recently launched its second pure electric model, the i8, with three configurations priced at 321,800, 349,800, and 369,800 yuan [1] - The i8's pricing strategy is conservative, aligning closely with the L8 model, and lacks certain high-demand features that competitors offer [2] - The i8's delivery strategy may affect customer commitment, as there are no additional cash incentives for customers upgrading their orders [3] Competitive Landscape - The i8 faces competition from newly launched models such as the Aito M8 and the Leado L90, which may divert potential customers due to their pricing and features [3] - Despite the competitive pressure, the i8 boasts advantages like dual-motor all-wheel drive and superior battery capacity compared to some competitors [3] Future Outlook - Li Auto has demonstrated strong error correction capabilities, with past models improving significantly after initial underperformance [4] - The upcoming i6 model, set to launch in September 2025, targets a broader market segment and is expected to strengthen Li Auto's position in the 200,000 to 300,000 yuan price range [4] - The company has established a robust charging network with 3,000 supercharging stations across 31 provinces and 258 cities, leading the industry in self-built high-speed charging stations [4] Financial Projections - Adjustments to net profit forecasts for 2025-2027 are made to 7.7 billion, 12.1 billion, and 17 billion yuan, reflecting the anticipated sales pressure on the L series and lower-than-expected market feedback for the i8 [5] - Despite the downward revision in profit forecasts, the company's strong error correction ability and recent valuation adjustments support a "recommended" rating [5]

本文源自：金融界 财务数据显示，截至2024年12月31日，旗际汽车收入总额691.5万美元，同比减少27.08%；归母净利 润-4689.5万美元，同比增长31.15%。 资料显示，旗际汽车公司是一家从事新能源汽车(nev)研发、生产和销售的高科技企业,也称插电式电动 汽车,包括纯电动汽车、插电式混合动力汽车(PHEV)和燃料电池电动汽车。旗际汽车的使命是生产市场 领先的高效尾气排放汽车,造福用户和环境。 8月6日，旗际汽车(CJET)盘中上涨11.4%，截至00:44，报2.785美元/股，成交2.72万美元，总市值 9047.78万美元。 作者：行情君 ...

Core Viewpoint - The conference focuses on the development trends of the polymer industry, emphasizing new resins, materials, equipment, and emerging applications such as embodied robots, low-altitude economy, aerospace, new energy vehicles, and electromagnetic shielding [1]. Group 1: Conference Overview - The event will take place from September 10-12, 2025, in Hefei, Anhui [1]. - It aims to promote collaboration among industry, academia, research, and finance to explore high-quality development directions for modified plastics and high-performance materials [1]. Group 2: Organizers and Support - Organized by Ningbo Detai Zhongyan Information Technology Co., Ltd. (DT New Materials) with the chairmanship of Qian Xigao, an academician of the Chinese Academy of Engineering [2]. - Supported by various institutions including the China New Materials Industry Technology Innovation Platform and the Anhui Composite Materials Industry Association [2]. Group 3: Expert Advisory Team - The advisory team includes prominent figures such as Liu Xiaobo, a foreign academician of the Russian Academy of Sciences, and Yang Jie, a professor at Sichuan University specializing in polymer materials [2]. Group 4: Featured Guests and Companies - Notable guests include representatives from leading companies in the new energy vehicle sector, such as Xiaopeng Motors and Lantu Motors, focusing on new material applications [5][6]. - The conference will also feature experts from the robotics field, including CEOs from companies specializing in humanoid robots [8][9]. Group 5: Emerging Applications - The conference will address applications in the low-altitude economy and aerospace, with contributions from experts at China Aerospace Science and Technology Corporation and other specialized research centers [15][16]. - Discussions will include advancements in electromagnetic polymer composite materials, with insights from companies like Xinyi Communication and ZTE [12][13]. Group 6: Participation and Fees - Participation fees are set at 3,500 yuan per person for corporate representatives, with discounts for DT members and group registrations [21].

Core Viewpoint - The competition for the first MPV under the Hongmeng Intelligent Driving brand is intensifying, with Zhijie potentially gaining an advantage as it develops its MPV based on the E0X-L platform, expected to launch in the first half of next year [1][3]. Company Developments - Zhijie is developing an MPV named "EHV," which will offer both pure electric and extended-range powertrains, with batteries supplied by CATL [1]. - Chery's first luxury MPV, the Star Era E08, has reportedly halted development, with some team members transferring to Zhijie to bolster its MPV development efforts [1][3]. - Chery has initiated a brand integration strategy, forming "New Four Major" divisions to optimize resource allocation and enhance brand competitiveness [2]. Market Positioning - Zhijie and Star Era are positioned similarly in the high-end new energy market, but Zhijie is seen as better suited to support luxury MPV models [2]. - The pricing strategy for the Star Era series has been adjusted, with the starting price dropping to 19.88 million yuan, making it 5.1 million yuan cheaper than Zhijie S7 [4]. Sales Performance - Zhijie S7 has received over 20,000 pre-orders since its launch, but production issues have led to delays, causing dissatisfaction among customers [4][5]. - In the first half of the year, Zhijie sold 64,300 units, surpassing Star Era's 44,200 units, indicating a stronger market performance [10]. Production Capacity - Chery's new "Intelligent Connected Super Factory" is set to produce Zhijie S7, but initial production challenges have led to a temporary shift to another facility [4][5]. - Zhijie has established an independent factory, which is expected to alleviate resource allocation issues with other Chery brands [13]. Future Outlook - The MPV market is growing, with a 53.3% year-on-year increase in sales for new energy MPVs in June, indicating a favorable environment for Zhijie's upcoming launch [7]. - If Zhijie's EHV MPV launches successfully, it could become a significant growth point for the brand, especially as it aims to compete in a market where many manufacturers are pivoting towards MPVs [15].

工业和信息化部(以下简称"工信部")提出，制定增强消费品供需适配性助力扩大消费行动方案，加快人 工智能终端、超高清视频、智能穿戴、无人机等技术开发和应用推广。 财政部提出，以促消费为重点支持扩大内需，进一步释放国内市场潜力。不断完善支持养老、育幼、文 化、旅游等服务消费的政策体系。完善免税店政策，推动免税商品零售业务健康有序发展。强化财政与 金融政策协同联动，出台实施重点领域个人消费贷款和服务业经营主体贷款财政贴息政策，更好满足消 费需求。 川财证券首席经济学家陈雳在接受《证券日报》记者采访时表示，相关部署凸显短期"稳增长"和长 期"调结构"的齐头并进。例如，工信部扩容服务消费如低空经济试点、数字消费场景等；国家发展改革 委注重重大战略、重大安全领域建设，如能源保供、粮食安全等，拓展有效投资。一系列支持政策推动 下，将更好地发挥提振内需的作用。 近期，国家发展改革委、财政部、中国人民银行等多个部门对下半年工作进行部署。其中，有效释放内 需潜力、培育壮大新质生产力、破除"内卷式"竞争成为共同的发力点。 中国国际经济交流中心科研信息部副部长刘向东在接受《证券日报》记者采访时表示，各部门加紧部署 下半年经济工作，着 ...

Core Insights - In the first half of 2025, the company is projected to achieve global sales exceeding 190,000 vehicles [1] - The company has expanded its global presence, currently covering over 46 countries and regions, with overseas sales surpassing 18,000 units in the first half of the year, marking a year-on-year growth of 217% [1] - In Europe, the company registered over 8,000 vehicles in the first half of the year, with the G6 model contributing 67% of the total sales [1]

8月5日，上汽MG品牌事业部总经理陈萃表示，全新MG4将搭载上汽清陶第二代半固态电池，电池液体 含量只有5%，将在今年年内批量交付。上汽清陶第一代半固态电池液体含量在10%左右。 全新MG4将搭载上汽清陶第二代半固态电池，电池液体含量只有5%，将在今年年内批量交付。 ...

明日主题前瞻 1、商业航天 | 据智通财经，8月4日，我国在海南商业航天发射场使用长征十二号运载火箭，成功将卫星互联网低轨07组卫星发射升空。而在7月30日，海南 商业航天发射场一号工位刚刚完成了长征八号甲运载火箭的发射任务。短期内实现双工位连续发射，这也进一步验证了海南商业航天发射场的高密度发射能 力。 点评：民生证券表示，8月4日，我国在海南商业航天发射场使用长征十二号运载火箭，成功将卫星互联网低轨07组卫星发射升空。海南商业航天发射场双工 位的"接力"火箭发射，意味着我国首个商业航天发射场的高频次发射能力得到验证。目前，GW星座已完成七组卫星在轨部署;千帆星座已完成五次发射，在 轨卫星数量达到90颗。卫星互联网产业生态逐步成型，商业航天产业版图徐徐绘就。卫星互联网产业的发展路径正持续清晰。 2、液冷 | 根据IDC(国际数据公司)发布的数据，预计2025年至2029年，中国液冷服务器市场年复合增长率将达到约48%，2028年市场规模将达到约162亿美 元。 点评：浙商证券表示，随着AI应用拉高算力需求，液冷技术正迎来爆发式增长。预计2025至2027年中国液冷市场规模将从149.8亿元增长至347.4亿 ...

从郑州启航， "碳索"的地图正在展开。 7月23日至24日，郑州航空港区，一场不同以往的"双碳星物种"行动悄然展开。 这一次，没有聚光灯下的评审打分，也没有对标商业模式的激烈角逐。 第四届"双碳星物种·碳索计划" 全新机制下的首场走访， 以"未来交通"为主题，落点 在产业带现场。 36氪与东方证券及其旗下子公司东证创新、东证资本联合举办，携手郑州航空港经济综合实验区，深入新能源供应链现场。在郑州迪空间·新能源汽车科普 馆，郑州航空港区管委会副主任张红军、财政金融局副局长赵亚军、科技工信局副局长徐明、36氪合伙人、副总裁李政、东方证券办公室负责人刘志刚、东 证资本执委会副主任刘小康、比亚迪品牌及公关处品牌公关总监肖美娟等嘉宾出席现场共同探讨双碳新思路、产业新逻辑，同期还举行了主题圆桌《中期节 点上的双碳答卷：产业原生的新逻辑》及新能源汽车产业链创新企业专场路演。 如果说过去三届"双碳星物种"更多强调技术评优与资本对接，那么今年的"碳索计划"，则选择 将"双碳"问题交还给真正的产业现场。 在"3060目标"进入中期考核节点的2025年，我们看到了一份令人鼓舞的新答卷。 节点将至：产业链到底需要什么？ 2025年， ...