大家早上好！这里是今天的早报，每天早上，我都会在这里跟你聊聊昨夜今晨发生了哪些大事儿。 本 栏目由虎嗅出品。 热点追踪 【特朗普称对马斯克"非常失望"，马斯克光速回怼：法案没给我看过】 据央视新闻，当地时间6月5日，美国总统特朗普谈及马斯克，称不知道还能不能与其保持良好的关系。特朗普 当天表示，对马斯克"非常失望"。 特朗普表示，他宁愿马斯克批评他，而不是批评他的税改法案。特朗普称，马斯克对特朗普政府撤销电动汽 车"强制令"感到很不高兴。据悉，特朗普政府也撤回了对马斯克推荐的艾萨克曼担任美国国家航空航天局 （NASA）局长的提名。特朗普表示，即使没有马斯克，他也能赢得宾夕法尼亚州。特朗普表示，马斯克目前 没有说过他个人的坏话，但他相信接下来就会了。 特朗普当天还表示，埃隆·马斯克了解"宏大而美丽"法案的内部运作，且对此毫无异议，直到发现要撤销电动 汽车"强制令"才意识到问题。 在特朗普发表对马斯克的评价后，马斯克迅速在社交媒体上回应并反驳称，"大错特错，这项法案一次也没有 给我看过，而且是在深夜迅速通过的！" 【国足客场不敌印尼，确定无缘2026世界杯】 据央视体育，北京时间6月5日，世预赛亚洲区第三阶段C组 ...

Group 1: Market Activity - Meituan-W recorded a net buy of HKD 5.55 million, with a trading volume of HKD 24.70 billion, reflecting a price increase of 3.0% [3] - Alibaba-W saw a net sell of HKD 0.39 million, with a trading volume of HKD 23.71 billion, and a price increase of 0.6% [3] - Tencent Holdings experienced a net sell of HKD 14.36 million, with a trading volume of HKD 17.96 billion, and a price increase of 1.4% [3] - Xinda Biologics had a significant price increase of 14.1%, with a net buy of HKD 2.97 million and a trading volume of HKD 22.00 billion [3] Group 2: Fund Flows - Southbound funds have continuously net bought Meituan for 13 days, totaling HKD 144.1059 million, and have net bought Xinda Biologics for 4 days, totaling HKD 22.5265 million [4] - Southbound funds have net bought Alibaba for 3 days, totaling HKD 16.494 million, while they have net sold Tencent for 4 days, totaling HKD 30.6792 million [4] Group 3: Company Developments - Xinda Biologics reported positive clinical trial results for its first-in-class PD-1/IL-2α-bias dual-specific antibody IBI363 for advanced non-small cell lung cancer at the 2025 ASCO annual meeting [6] - BYD plans to launch a low-cost micro electric vehicle in Japan next year, targeting the USD 18 billion microcar market, and reported a 15.3% year-on-year increase in May's new energy vehicle sales [7] - Xiaomi Group faced a net sell of HKD 13.75 million, with a focus on its upcoming product launch and a gradual reduction in losses from its automotive business, expecting profitability in the third to fourth quarter of this year [7]

Commercial Aerospace - Globalstar is expanding its second-generation direct-to-device (D2D) satellite constellation to provide network coverage for Apple devices, with Apple set to pay up to $1.1 billion to enhance iPhone's non-ground network connectivity [1] - The commercial aerospace sector is experiencing rapid development in reusable rockets and low-orbit satellite constellations, marking a dual turning point for China's commercial aerospace industry [1] - The low-orbit satellite launch acceleration is driving a comprehensive upgrade of the "satellite manufacturing-launch-application" chain, with low-orbit communication satellites being a significant future trend [1] Military Industry - The China Weaponry Equipment Group has received approval for a restructuring that will separate its automotive business into an independent central enterprise, which will not significantly impact the normal operations of related companies [2] - Analysts expect military industry orders to see a turning point by 2025, driven by new technologies and products aimed at enhancing equipment performance or reducing costs [2] - The restructuring is anticipated to lower the asset-liability ratio of the weaponry group to below 50%, enhancing financing cost advantages and increasing the expectation of asset securitization [2] Foldable Phones - Huawei's new tri-fold smartphone is expected to debut in the second half of the year, featuring an upgraded processor and imaging capabilities, while the first-generation model has seen strong sales [3] - The MateXT tri-fold phone, released in September 2024, achieved significant sales success, with all models selling out immediately and second-hand prices reaching up to 68,000 yuan [3] - The new tri-fold model is expected to generate renewed interest in the market, benefiting companies within the supply chain [3] Metformin - A study from the University of California, San Diego, found that women with type 2 diabetes taking metformin have a 30% higher chance of living to 90 years or older compared to those using sulfonylureas [4] - Metformin is being recognized for its potential anti-aging properties, with mechanisms including improved insulin sensitivity and cellular repair [4] Data Elements - The National Data Bureau announced the establishment of 10 national data element comprehensive pilot zones in various regions to support the development of data markets and enhance the integration of the digital and real economies [5] - The pilot zones aim to explore data value release paths and stimulate market growth, potentially creating an additional 100 trillion yuan in asset scale once data assets are recognized [5]

作为OPPO首次与汽车公司达成的双边专利许可协议，此次合作标志着OPPO蜂窝通信标准必要技术的 应用已从智能手机扩展至汽车领域。OPPO的5G标准必要专利目前已在全球40多个国家和地区布局。根 据权威专利分析平台LexisNexis® IPlytics数据，截至2025年1月，OPPO在5G专利综合实力排名中位居全 球第八。 除通信技术外，OPPO自主研发的VOOC闪充技术已被60余家汽车公司采用，累计搭载车辆超1000万 台，凸显OPPO在5G与移动互联领域的持续拓展，以及与全球合作伙伴推动跨行业创新的承诺。 据悉，截至2025年3月，OPPO全球专利申请量逾11.3万件，授权专利超6.2万件。OPPO表示，公司持续 加大对5G/6G、人工智能、充电、影像及视频等核心技术领域的投入，巩固其作为创新与高价值知识产 权领域全球领导者的地位。 责任编辑：何俊熹 新浪科技讯 6月5日下午消息，OPPO官方咨询平台OPPODAILY发文宣布，OPPO今日宣布与大众汽车集 团（下称"大众"）签署全球专利许可协议，将包含5G在内的蜂窝通信标准必要专利许可予该集团。根 据协议，OPPO的蜂窝通信标准必要专利将许可予大众全球 ...

Investment Rating - The report assigns an "Accumulate" rating to Xiaomi Group [1][9]. Core Insights - Xiaomi's FY25Q1 revenue reached 111.3 billion RMB, marking a 47.7% year-on-year increase, with adjusted net profit surpassing 10.7 billion RMB, a 64.5% growth [3][7]. - The company has launched its self-developed 3nm mobile SoC chip, Xuanjie O1, and plans to invest 200 billion RMB in R&D over the next five years [7][9]. - Xiaomi's smartphone revenue in FY25Q1 was 50.6 billion RMB, up 8.9% year-on-year, regaining the top market share in mainland China at 18.8% [7][9]. Financial Summary - Revenue projections for FY2025E-FY2027E are adjusted to 483.5 billion, 602.3 billion, and 715.9 billion RMB respectively, with adjusted net profit forecasts of 42.2 billion, 55.2 billion, and 68.6 billion RMB [3][9]. - The company reported a gross profit of 25.4 billion RMB in FY25Q1, with a gross profit margin of 22.8% [10]. - The adjusted PE ratio for FY2025 is projected at 28.7, reflecting a premium valuation due to Xiaomi's hardware synergy and AI positioning [9][14].

16000家小米之家并不是终点。 作者丨 雪银 编辑丨 相辉 今年618还没落幕，国补却提前下线了。 近期多地国补陆续按下"暂停键"。以率先调整的江苏省为例，自6月1日起，其线上国补取消，线下国补以 每日限额的方式发放，消费者需提前在相关平台领补贴资格券，且补贴仅适用于家电及3C产品。同样取消 线上国补的还有河北、甘肃及广东的大部分地区，山西省实行每日限量领券补贴，重庆国补已于6月4日零 点停止，成为全国第一个国补资金使用完毕下线的地区。 今年年初，本轮国补政策正式落地，个人消费者在购买手机、平板、智能手表（手环）等三类数码产品 时，若产品单价不超过6000元，则可享受产品销售价格15%的补贴，每位消费者每类产品限购1件，补贴 上限为500元。 Counterpoint数据显示，1月20日至1月26日，国补落地仅一周，国内智能手机销量同比增长约65%，出 货量超950万部，其中2000-5000元价位段的智能手机销量增长尤为显著。 在国补政策推动下，2025年第一季度中国智能手机市场延续了自2024年以来的复苏态势，总出货量达 7090万部，同比增长5%。值得注意的是，小米凭借其越来越硬核的产品实力和政策红利 ...

Core Insights - The Latin American smartphone market experienced a 4% year-on-year decline in Q1 2025, ending six consecutive quarters of growth, with total shipments reaching 33.7 million units [1][3][5] Group 1: Market Performance - Samsung maintained its leading position with 11.9 million units shipped, a 7% increase year-on-year, driven by strong demand for entry-level models A06 and A16 [1][5] - Xiaomi ranked second with 5.9 million units shipped, a 10% increase, supported by the continued popularity of the Redmi 14C4G and Note14 series [1][5] - Motorola fell to third place with 5.2 million units shipped, a 13% decline, due to its reliance on low-end products like G15 and G05 [1][5] - Honor rose to fourth place with 2.6 million units shipped, a 2% increase, thanks to strong performance from the X series [1][5] - Transsion ranked fifth with 2.1 million units shipped, experiencing a significant 38% decline, marking its first drop in the region [1][5] Group 2: Market Trends and Challenges - Economic uncertainty, particularly concerns over tariff increases, has severely impacted the smartphone market in Latin America, leading manufacturers to tighten aggressive sales strategies and retailers to reduce inventory [3][7] - The market showed a clear polarization, with growth concentrated in entry-level and high-end segments, while the mid-range market, which accounts for 78% of total shipments, remains a key battleground [3][7] - Brazil was the only major market in the region to see a year-on-year increase in shipments, growing by 3% to 9.5 million units, driven by increased investment from Chinese brands like Honor and Xiaomi [5][7] - Mexico, the second-largest market, saw an 18% decline in shipments, attributed to intense local competition and increased inventory levels [5][7] - Central America experienced its first decline in seven quarters, down 7%, due to inventory buildup and slowing market demand [5][7] Group 3: Future Outlook - Canalys predicts a slight decline of 1% in the Latin American smartphone market for 2025, influenced by global economic uncertainties and potential inflation [7][8] - Manufacturers are expected to focus on maintaining lean and flexible inventory management, optimizing product portfolios, and enhancing consumer experience to remain competitive in a redefined growth environment [8]

Group 1 - The core viewpoint of the article is that CounterPoint Research predicts Huawei's smartphone shipments will increase by 11% year-on-year in 2025 [1] - The uncertainty surrounding US tariff policies has led to a downward revision of the global smartphone shipment growth forecast from 4.2% to 1.9% for 2025 [1]

以下文章来源于爱范儿 ，作者发现明日产品的 爱范儿 . 关注明日产品的数字潮牌 相机按键好难用。 文 ｜ 马扶搖 来源｜ 爱范儿（ID：ifanr） 封面来源 ｜ Apple官网 虽然从技术上看着很有吸引力，但是伴随着其中发布最晚的vivo X200 Ultra上市后口碑逐渐稳定，一个熟悉的话题没过多久便重新冒了出来： 相机控制按键，真的不好用。 不方便，却很麻烦 对于iPhone 16系列Camera Control的抱怨实际上由来已久，因为苹果给这颗不到2厘米的小小按键塞进了太多的功能。单次或双次按下启动相机、轻捏锁定 焦点和曝光、轻按两下进入功能拨轮、再按一下进入功能滑杆、左右滑动调节参数，真是不够它忙活的。 然而这些功能在演示的时候看着很美好，实际使用中却有一个过不去的门槛：这种调节参数的方式根本就不方便，尤其是对于手机上已经有的触屏控制来 说。以iPhone 16 Pro为例，主摄可以模拟24mm（1 倍）、28mm（1.2 倍）和35mm（1.5 倍）的焦距，如果想要切换，只需要反复点击相机底部的倍率按键 即可： 但是如果要用相机按键来切换，就需要先双击打开功能菜单，滑动选择焦距菜单，然后在一个长 ...