为迎接农历马年的到来，苹果近日推出2026年首款新品——AirPods Pro 3马年特别款，售价定为1899 元，与普通版本价格持平。此次新品在外观上的主要变化体现在充电盒设计，盒身镌刻有小巧可爱的马 形图案，整体视觉风格延续了轻松活泼的基调。 在硬件配置方面，马年特别款与标准版AirPods Pro 3保 持完全一致，未作任何调整。AirPods Pro 3最初于2025 年9月面世，搭载了更强大的主动降噪系统，降噪效果相 较前代提升一倍。耳机新增心率传感器，可在运动佩戴 期间实现心率监测，并同步记录相关数据。 为迎接农历马年的到来，苹果近日推出2026年首款新品——AirPods Pro 3马年特别款，售价定为1899 元，与普通版本价格持平。此次新品在外观上的主要变化体现在充电盒设计，盒身镌刻有小巧可爱的马 形图案，整体视觉风格延续了轻松活泼的基调。 在硬件配置方面，马年特别款与标准版AirPods Pro 3保持完全一致，未作任何调整。AirPods Pro 3最初 于2025年9月面世，搭载了更强大的主动降噪系统，降噪效果相较前代提升一倍。耳机新增心率传感 器，可在运动佩戴期间实现心率监测，并同步 ...

当年苹果将笔记本的M1芯片装备在iPad中引起不小的轰动，你可曾想过，未来MacBook会用上iPhone的 芯片呢？最近外媒爆料，苹果将在今年春季推出首款低价MacBook，除了采用12.9英寸的屏幕以外，还 将搭载iPhone 16 Pro同款A18 Pro芯片。 A18 Pro基于台积电第二代3nm工艺打造，采用6核CPU+6核GPU+16核神经网络引擎的架构，性能表现 接近初代M1芯片。 在体验相关配置上，新的MacBook延续了苹果轻薄本的优势，依托A系列芯片的低功耗特性采用无风扇 被动散热设计，彻底消除运行噪音，机身厚度仅11.3mm、重量约1.24kg，完美复刻已停产的12英寸 MacBook的轻薄基因。 低价的代价主要集中在接口、内存和屏幕上：仅配备1个普通USB-C接口，不支持Thunderbolt高速传输 和MagSafe磁吸充电，充电必须占用唯一接口；内存起步仅8GB且不可扩展，存储预计从128GB起步， 后续升级需额外加价；屏幕为12.9英寸LCD屏，分辨率2560×1664、60Hz刷新率，可以满足日常使用需 求。 是凭借macOS的系统优势和对Apple Intelligence的 ...

在2025年的国际消费电子展上，宏碁推出了一款名为Nitro Blaze 11的11英寸掌上游戏设备，凭借其前所 未有的大尺寸屏幕迅速引发关注，成为当时展会的一大亮点，吸引了众多核心玩家的兴趣。这款设备原 计划于去年第二季度上市，但此后便再无音讯，逐渐淡出公众视野。 在2025年的国际消费电子展上，宏碁推出了一款名为Nitro Blaze 11的11英寸掌上游戏设备，凭借其前所 未有的大尺寸屏幕迅速引发关注，成为当时展会的一大亮点，吸引了众多核心玩家的兴趣。这款设备原 计划于去年第二季度上市，但此后便再无音讯，逐渐淡出公众视野。 直到2026年初的最新一届展会期间，通过现场交流环节的提问，该产品的最新进展才得以披露。宏碁美 国公司代表Lisa Emard在接受交流时表示，Nitro Blaze 11的延期并非源于技术瓶颈，而是受到外部环境 变化的影响。 她解释称："产品发布前后，正值国际贸易政策调整的关键阶段。为了应对潜在的供应链风险，我们不 得不重新评估生产布局，考虑将制造环节转移至中国以外的地区。在此背景下，公司决定优先保障笔记 本电脑等主营业务的资源投入。" 她解释称："产品发布前后，正值国际贸易政策调 ...

不少网友对这款手机壳的设计提出质疑，认为其图案形 象更接近龙而非马，视觉辨识度存在争议。同时，也有 用户认为449元的定价偏高，与其实际价值不完全匹配。 对此，苹果官方客服作出回应称，该款手机壳为设计师 联名作品，图案原型确为马，设计理念基于艺术表达， 审美感受因人而异。目前该产品仅通过官网渠道发售， 定价为官方统一制定。客服同时表示，是否购买属于个 人选择，消费者可根据自身需求决定。 此外，客服介绍，该保护壳具备防冲击、抗紫外线和耐刮擦等实用功能，并在材料选择上注重环保属 性，符合品牌一贯的可持续发展理念。 据官方说明，这款手机壳的设计灵感源自骏马的动感与生命力，整体采用粉、红、橙、黄四色渐变呈 现，由艺术家陈粉丸操刀设计，融合中国传统剪纸艺术与现代视觉语言，意在传递新春佳节的热烈氛围 与文化韵味。 临近中国农历马年，苹果官网近日推出一款马年主题手机保护壳，售价为449元，适用于即将发布的 iPhone 17系列及iPhone Air机型，并支持MagSafe磁吸功能。产品一经上线，迅速引发网络热议。 临近中国农历马年，苹果官网近日推出一款马年主题手 机保护壳，售价为449元，适用于即将发布的iPhone ...

Core Viewpoint - On January 6, 2023, brokerage firms provided target prices for listed companies, with notable increases for Tianqi Materials, BYD, and China Jushi, reflecting significant growth potential in the battery, passenger vehicle, and glass fiber industries respectively [1][2]. Target Price Increases - Tianqi Materials (002709) received a target price of 80.50 yuan, indicating a target price increase of 69.69% [2]. - BYD (002594) has a target price of 140.00 yuan, reflecting a 40.01% increase [2]. - China Jushi (600176) has a target price of 23.57 yuan, showing a 34.61% increase [2]. Brokerage Recommendations - A total of 26 listed companies received brokerage recommendations on January 6, with Hengyi Petrochemical, China Jushi, and BYD each receiving two recommendations [3]. - Hengyi Petrochemical (000703) had a closing price of 10.75 yuan with 2 brokerage firms recommending it [3]. - China Jushi (600176) closed at 17.51 yuan and was recommended by 2 brokerage firms [3]. - BYD (002594) closed at 99.99 yuan and also received 2 recommendations [3]. Rating Adjustments - On January 6, only one company had its rating upgraded, with Qunyi Securities (Hong Kong) raising China Duty Free's rating from "Hold" to "Buy" [4]. - China Duty Free (601888) is now rated as "Buy" in the tourism retail sector [4]. First-Time Coverage - Five companies received initial coverage on January 6, with New City Holdings rated "Buy" by Caitong Securities [5]. - Huaming Equipment (002270) was rated "Buy" by Huatai Securities [5]. - Yidong Electronics (301123) received a "Buy" rating from Zhongyou Securities [5]. - Huatu Mountain Ding (300492) was rated "Increase" by Guotai Junan Securities [5]. - Hehe Information (688615) received a "Buy" rating from Dongbei Securities [5].

南财投研通数据显示，1月6日，券商给予上市公司目标价共9次，按最新收盘价计算，目标价涨幅排名居前的公司有天赐材料 （002709）、比亚迪（002594）、中国巨石（600176），目标价涨幅分别为69.69%、40.01%、34.61%，分别属于电池、乘用车、玻璃玻 纤行业。 | | | 01月06日目标价涨幅排名 | | | | | --- | --- | --- | --- | --- | --- | | 证券代码 | 证券名称 | 机构 | 最新评级 | 最高目标价 (元) | 目标涨幅 (%) | | 002709 | 天赐材料 | 华泰证券 | 买人 | 80.50 | 69.69 | | 002594 | 比亚迪 | 东吴证券 | 派 | 140.00 | 40.01 | | 600176 | 中国巨石 | 国泰海通证券 | 增持 | 23.57 | 34.61 | | 600176 | 中国巨石 | 中信证券 | ··· | 23.00 | 31.35 | | 301239 | 是端眼科 | 中信证券 | 买人 | 40.00 | 21.88 | | 601888 | 中国中免 | 群益证券( ...

Core Viewpoint - The spring market trend in A-shares is expected to continue, with a focus on various sectors benefiting from technological advancements and policy support [1][2]. Industry Configuration Insights 1) Energy and Basic Materials - Demand expectations for thermal coal have weakened, leading to a price drop of 17% in December, while coking coal and coke prices increased by 4% and 8% respectively [10] - The supply-demand mismatch, combined with monetary easing, has resulted in significant price increases for precious metals and industrial metals, with copper, aluminum, and zinc prices rising by 12%, 5%, and 2% respectively [12] - The coal industry is undergoing structural optimization due to new regulations aimed at improving clean coal utilization [10] 2) Industrial Products - Domestic demand is showing structural differentiation, with excavator sales increasing by 19% year-on-year in November, while automotive sales grew by 3% [4] - The renewable energy sector is experiencing strong growth, with wind and solar installations increasing by 59% and 33% respectively [4] 3) Consumer Products - Traditional consumer sectors are facing challenges, with home appliance sales declining significantly; washing machines, refrigerators, and air conditioners saw year-on-year drops of 13%, 25%, and 25% respectively [5] - The central economic work conference emphasizes expanding domestic demand as a priority, with plans to enhance the supply of quality goods and services [5] 4) Technology - The AI application landscape is rapidly evolving, benefiting sectors like communication equipment, which is expected to gain from increased capital expenditure in North America [6] - The semiconductor industry remains robust, with global sales increasing by 25% year-on-year in October [6] 5) Financial Sector - Banks are attracting long-term capital due to their high dividend yields and stable earnings, with insurance premiums growing by 7.6% year-on-year in November [7] - The stock market is stabilizing, with an average daily trading volume of 1.88 trillion yuan in December [7] 6) Real Estate - The real estate sector is under pressure, with a 27% year-on-year decline in sales area for commercial housing in December [7] - The central economic work conference is focused on stabilizing the real estate market and addressing local government debt risks [7]

Core Insights - The report indicates that the A-share market welcomed a strong start in 2026, with trading volume exceeding 2.5 trillion yuan over two consecutive trading days, driven significantly by the non-bank financial sector [7][3] - The current market is characterized by a healthy upward trend, with a focus on mid-cap blue chips in cyclical and manufacturing sectors, particularly in chemicals and non-ferrous metals, as well as smart vehicles and robotics [7][3] - The upcoming CES event is expected to showcase significant innovations in AI glasses, robotics, and other smart consumer hardware, indicating a strong pipeline of new products [7][4] Industry Strategy - The home appliance sector is witnessing price increases from leading companies, with CES acting as a catalyst for upcoming innovations [4] - In the consumer electronics space, there is a focus on the integration of AI at the edge, with expectations for accelerated adoption and breakthroughs in hardware products [5][7] - The report highlights potential uncertainties regarding the sustainability of trade-in subsidies, tariff fluctuations, and the pace of AI implementation, which could impact downstream demand and upstream raw material prices [6] Investment Focus - Key investment themes include mid-cap blue chips in cyclical industries and technology growth, with specific ETFs recommended for sectors such as chemicals, non-ferrous metals, robotics, and smart vehicles [7][3] - The report emphasizes the potential for AI to enhance traditional consumer electronics, with innovations in AI glasses and headphones expected to improve user interaction experiences [7][5] - Notable companies mentioned for potential investment include Stone Technology and various semiconductor firms, indicating a focus on innovative hardware solutions [7][5]

Group 1 - Apple is negotiating long-term DRAM supply agreements with Samsung and SK Hynix, as their current contracts are set to expire, with prices for 12GB LPDDR5X chips rising to $70, a 230% increase from early 2025 [5][6] - The ongoing DRAM shortage is causing significant pressure on major tech companies, including Microsoft and Google, to secure supply agreements, with some executives facing internal pressure to ensure supply [6] - If Apple cannot secure favorable DRAM pricing, it may face profit margin pressures for its upcoming iPhone models [6] Group 2 - Tesla China has launched a limited-time car purchase plan offering 5 years of 0% interest for Model Y L, with a down payment of 99,900 yuan and monthly payments starting at 3,985 yuan [11] - The new purchase plan aims to boost sales amid competitive market conditions, with additional incentives for trade-ins and old car scrappage [11] Group 3 - Great Wall Motors has confirmed the implementation of a standard two-day weekend policy starting in 2026, which is seen as a positive shift in employee work-life balance [13][14] - Employees expressed satisfaction with the change, celebrating the decision as a long-awaited improvement in their working conditions [14] Group 4 - Xiaomi has responded to a controversy involving a KOL by terminating the involved employee and issuing reprimands to senior management, emphasizing the importance of maintaining trust with its customer base [16][17] - The incident highlights the challenges companies face in managing public relations and maintaining brand integrity in the digital age [16] Group 5 - NIO's CEO highlighted the significant pressure from rising memory prices on the automotive industry, urging consumers to purchase vehicles sooner rather than later [21] - The company is currently managing the cost pressures without passing them onto consumers, but the situation remains dynamic [21] Group 6 - LG Display is reportedly planning to lay off over 1,000 employees at its Yantai factory, with compensation based on an "N+1" standard, indicating a significant restructuring in its LCD business [24][25] - This move follows previous signals of operational adjustments at the factory, reflecting broader trends in the display panel industry [25] Group 7 - Xiaomi's market capitalization has surpassed BYD, placing it among the top three global automotive companies, with a reported market value of $131.49 billion [31] - The company achieved significant growth in vehicle deliveries, with a 110% year-over-year increase in December, indicating strong market performance [31][32] Group 8 - The Korean government is implementing a 4.5-day workweek policy, providing monthly subsidies to companies that adopt this model, aimed at improving work-life balance [47][48] - This initiative reflects a broader trend in labor policy aimed at enhancing employee satisfaction and productivity [48]

Core Viewpoint - The company aims to make cutting-edge technology more accessible and promote digital and intelligent transformation across various industries, focusing on integrating technology with demand [1][3]. Group 1: Company Development and Strategy - The founders of the company recognized opportunities in the consumer electronics sector in 2002, leading to its establishment and subsequent focus on smart terminal solutions [4]. - The company transitioned from providing basic terminal solutions to customized industry solutions, achieving significant breakthroughs in 2014, which established its leadership in the smart terminal industry [4]. - The company has evolved from a single product line to a diversified ecosystem, becoming a key player in the global "AI + terminal" application ecosystem [4]. Group 2: Product Features and Innovations - The company's products are designed to be user-friendly, allowing for natural interaction without requiring extensive user training, thus lowering barriers for various industries [5]. - The company is developing a complete technical system with its AESOF framework, aiming to create a "neural hub" for intelligent systems that efficiently empower various devices across industries [6][9]. - The company has introduced AI glasses that incorporate its intelligent system, enabling real-time voice translation and image recognition while ensuring data privacy by processing information locally [6][7]. Group 3: Market Trends and Future Outlook - The consumer electronics industry is rapidly evolving, with significant investments from capital and industry giants, indicating a shift from the "App economy" to a more powerful "AI intelligent economy" [9]. - The company is focusing on designing intelligent terminal products that can perceive, decide, and evolve, targeting six major scenarios including personal, family, enterprise, industrial, wearable, and robotics [9]. - The company plans to expand its smart mobile application scenarios and collaborate with partners to create industry-specific intelligent solutions, facilitating a transition from point digitalization to comprehensive intelligence [9].