Group 1: Quantum Technology - In 2025, China's quantum technology commercialization is accelerating, showcasing vast application prospects [3] - China's "Zuchongzhi 3" superconducting quantum computer is reportedly 10 trillion times faster than the world's fastest supercomputer for specific tasks, while "Jiuzhang 4" can solve problems in microseconds that would take supercomputers 10^42 years [3] - Over 30 countries have released quantum strategy plans with total investments exceeding $35 billion, and the number of related companies has surpassed 800, with financing exceeding $14.5 billion in the past decade [3] Group 2: Artificial Intelligence - AI has evolved from a reactive model to a proactive service model, enabling autonomous operations in factories and personalized services in daily life [5] - The AI industry in China is projected to exceed 1.2 trillion yuan by 2025 and is expected to surpass 1.8 trillion yuan by 2028, with over 15% of work decisions globally anticipated to be made by AI agents by 2028 [5] Group 3: Smart Glasses - Smart glasses are emerging as the next mainstream interactive terminal, with significant advancements in battery life, optical display, and integration with AI models [7] - In the first half of the year, over 2.4 million smart glasses with camera functions were shipped globally, with China capturing a 35.5% market share, leading the world [7] - The Chinese smart glasses market is expected to grow at a compound annual growth rate of 55.6% from 2024 to 2029, the highest globally [7] Group 4: New Energy Storage - New energy storage technologies are ensuring the stability and affordability of green electricity, acting as "super charging stations" for cities [9] - By the end of September, China's new energy storage capacity reached 103 million kilowatts, accounting for over 40% of the global total, making it the world leader [9] Group 5: Innovative Pharmaceuticals - China's innovative pharmaceuticals are advancing in research, application, and international expansion, with a focus on cancer and rare diseases [11] - The number of innovative drugs in development accounts for approximately 30% of the global total, with a record number of approvals and 50 innovative drugs included in the national medical insurance directory [11] - Total licensing agreements for innovative drugs have surpassed $100 billion, demonstrating China's capability in original technology and global recognition [11]

夸克AI眼镜S1的多项技术创新为智能穿戴设备的发展提供了新方向，推动了智能眼镜行业在硬件小型 化、性能集成化、体验人性化等方面的技术升级。作为阿里巴巴布局智能穿戴领域的重要成果，该产品 再次彰显了公司的技术创新实力与对用户需求的深刻理解。未来，阿里巴巴将继续深化人工智能与智能 硬件的融合创新，持续优化夸克AI眼镜系列产品，探索更多场景化应用可能，为用户带来更优质的智 能穿戴体验，同时以技术创新赋能智能穿戴产业高质量发展，助力数字生活生态持续完善。 阿里巴巴作为全球知名的互联网科技企业，始终以技术创新为核心驱动力，深耕人工智能、大数据、智 能硬件等前沿领域，构建了覆盖消费、科技、产业的多元化生态体系。阿里巴巴精准洞察市场需求，自 主研发的夸克AI眼镜S1成功落地，公司聚焦用户真实需求，依托强大的研发实力与生态资源整合能 力，持续探索技术与生活场景的深度融合，在智能穿戴、数字服务等领域推出多款标杆产品。 当前智能眼镜市场普遍存在诸多痛点：户外显示亮度不足、嘈杂环境下语音交互不精准、外观笨重缺乏 美感、佩戴舒适度差、续航能力有限等，严重影响用户使用体验。针对这些行业难题，阿里巴巴结合自 身AI技术优势与硬件研发经验 ...

AI眼镜迎政策+需求双轮驱动。 002591，002788，直线跳水跌停 日前，商务部等7部门印发通知，部署提质增效实施2026年消费品以旧换新政策。其中提到，智能眼镜 被纳入补贴品类，按产品销售价格15%给予补贴，每位消费者可补1件且单补不超500元。 兴业证券表示，以主流AI眼镜售价区间来看，补贴后将直接降低消费者购置成本，大幅撬动C端消费需 求，尤其千元级、数千元级AI眼镜产品的性价比优势进一步凸显，有望推动行业出货量加速爬坡。 兴业证券认为，政策红利叠加技术落地，AI眼镜商业化进程全面提速。当前阿里、华为等大厂已密集 推出AI眼镜产品端侧大模型、光波导、骨传导、低功耗芯片等核心技术持续突破，产品体验不断优 化，场景覆盖从娱乐向办公、导航、支付等刚需领域延伸。此次补贴政策精准覆盖智能眼镜品类，是政 策层面对端侧AI硬件消费的直接提振，叠加全球智能眼镜行业高增长率，2026年将成为AI眼镜消费普 及与产业规模化的关键元年。 优质高成长股曝光 AI眼镜迎来利好 个股跌多涨少，AI应用方向走强，万事利、蓝色光标"20cm"涨停。 早盘有三只非ST股跌停，分别是天箭科技、鹭燕医药、恒大高新。其中，天箭科技上午一 ...

AI眼镜 【CNMO科技消息】12月31日，洛图科技最新数据显示，2025年，AR眼镜的全球出货量将达110万副， 同比增长41%；中国市场的销量为45.2万副，同比增长近70%。2025年，全球智能眼镜的出货量为预测 为630万副，同比增长110%；中国市场的销量预计达137.0万副，同比增长215.7%。 据CNMO了解，12月30日，中国发改委、财政部发布了《关于2026年实施大规模设备更新和消费品以旧 换新政策的通知》。该《通知》明确指出，与2025年相比，在数码/智能产品方面，补贴范围从数码扩 围至数码和智能产品，首次新增智能眼镜。补贴标准和2025年保持一致，比例为售价的15%，上限为 500元。 洛图科技表示，智能眼镜作为当下极具潜力但市场渗透率尚低的新兴品类，扩大其消费规模能够有效对 冲传统数码产品市场的饱和。随着智能终端产业的持续演进，未来将加速从手机领域向智能穿戴领域拓 展延伸。同时，补贴刺激终端需求，倒逼企业加大研发投入；政策也将在民生方面，契合民众的高品 质、适老化、无障碍场景下的生活和工作需求。 洛图科技认为，国家将智能眼镜纳入补贴范围，核心逻辑可概括为"扩消费、促产业、惠民生"，同 ...

Core Viewpoint - Huawei's WATCH series has established a differentiated path based on technology and long-termism over the past decade, culminating in the launch of the 10th Anniversary model, which serves as a milestone for the series [1]. Group 1: Technological Innovation - The industry leadership is built on continuous foundational technology development rather than isolated functional breakthroughs, with Huawei integrating technological innovation into its DNA since the launch of the first HUAWEI WATCH in 2015 [5]. - The latest Huawei WATCH5 is the first Harmony AI smartwatch, showcasing significant technological upgrades that enhance the smart experience on the wrist [6]. - The core "X-TAP sensing window" in the 10th Anniversary model integrates multiple sensors for precise health monitoring, allowing for quick and continuous measurements of vital health indicators [8]. Group 2: Health Monitoring and Software Ecosystem - The upgraded HarmonyOS 6.0 in the 10th Anniversary model transforms the smartwatch into a more intelligent health companion, providing personalized health data analysis and recommendations [10]. - The smartwatch features advanced capabilities such as one-click health checks and multi-dimensional emotional health monitoring, addressing both physiological and psychological health needs [8][11]. Group 3: Long-term Commitment and Industry Insight - Huawei's approach contrasts with the industry's trend of rapid product launches, emphasizing long-term investment and deep user insight as keys to overcoming market challenges [11][13]. - The development of the X-TAP sensing window involved extensive research and trials, reflecting Huawei's commitment to precision and user-centric design [11][13]. - The collaboration with medical institutions since 2018 has led to significant health research outcomes, demonstrating Huawei's dedication to addressing real user needs rather than merely competing on features [13].

Core Viewpoint - The article discusses the current economic situation in China, the challenges faced by Japanese companies in the Chinese market, and the potential opportunities that still exist despite geopolitical tensions [2][3][5]. Group 1: Current Economic Situation in China - The adjustment in China's real estate market is not yet complete, and the economy is expected to face severe challenges until 2026. The potential returns from real estate investments are decreasing, and personal consumption is facing headwinds [3]. - The Chinese government is attempting to increase investments in infrastructure and advanced technologies like AI, but these efforts are insufficient to boost economic growth rates [3]. Group 2: Japanese Companies' Response to China - Japanese companies should cautiously explore opportunities in China while managing risks. There are still potential markets for products and services favored by Chinese consumers, despite the ongoing Japan-China tensions [7]. - Companies that have developed low-cost, high-quality food services in Japan are successfully entering the deflationary Chinese market [7]. Group 3: Opportunities in Chinese Products and Technology - China has a wealth of engineering talent, and its humanoid robots have set Guinness World Records for walking distances. These robots could be useful in Japan, especially in sectors facing labor shortages [8]. - Chinese products, such as BYD's electric vehicles and Huawei's smartwatches, are not only competitively priced but also of high quality. However, there are psychological barriers among Japanese consumers regarding Chinese products that need to be addressed [8]. Group 4: Itochu Corporation's Future Plans - Itochu Corporation aims to achieve the highest consolidated net profit among general trading companies for the fiscal year ending March 2026, with a target of exceeding 900 billion yen [9].

Core Insights - Huawei's 10th anniversary of the WATCH series marks a significant milestone, showcasing the evolution of smartwatches from mere tech gadgets to essential health companions [1][10][18] - The company emphasizes a user-friendly experience by transforming complex health technologies into accessible features, reflecting a commitment to continuous research and development over the past decade [5][9][18] Group 1: Product Development and Innovation - The new Huawei WATCH incorporates the advanced X-TAP sensing technology, allowing for quick health assessments, such as a 10-second blood oxygen reading and a comprehensive health check in 60 seconds [7][9] - Huawei's collaboration with authoritative medical institutions has enabled the identification of health risks for over 200,000 users, demonstrating the integration of medical-grade insights into everyday health monitoring [9][10] Group 2: User Experience and Interaction - The "health dashboard" feature innovatively displays 12 core health metrics on the watch face, allowing users to monitor their health effortlessly while checking the time [12][10] - The upgraded HarmonyOS 6.0 and AI capabilities enhance user interaction, enabling personalized health insights and simplifying complex data interpretation [14][10] Group 3: Market Positioning and Strategy - Huawei's product strategy aims for comprehensive coverage across various consumer needs, offering a range of models from the flagship WATCH5 to the fashion-oriented GT series, ensuring digital health is accessible to all [16][18] - The anniversary edition not only pays homage to the original model but also reinforces Huawei's commitment to quality and durability through premium materials [16][18]

2025.12. 30 本文字数：2393，阅读时长大约4分钟 据洛图科技数据，2025年中国含AR眼镜在内的AR设备（带显示）销量预计达45.2万台，同比增长近 70%。而在AI大模型的驱动下，AI眼镜（不带显示）迎来爆发式增长，2025年中国AI眼镜销量预计达137 万副，同比增长215.7%。 在政策实施方面，严厉打击骗补套补和"先涨后补"等违法违规行为。同时，落实全国统一大市场建设要 求，对汽车报废更新、汽车置换更新、6类家电以旧换新、4类数码和智能产品购新，明确在全国范围内执 行统一的补贴标准。 作者 | 第一财经 王珍 封图 | 第一财经记者 任玉明 拍摄 2026年消费品国家补贴政策今日正式发布，补贴产品有增有减，第一财经记者留意到，智能眼镜首次进入 国补范围。 明年国家继续实施家电以旧换新补贴，支持范围聚焦冰箱、洗衣机、电视、空调、电脑、热水器等6类产 品，家用灶具和吸油烟机不再列入国补范围；同时，将数码产品购新补贴拓展为数码和智能产品购新补 贴，支持范围包括手机、平板、智能手表（手环）、智能眼镜和智能家居产品（含适老化家居产品）。 家电以旧换新调整为补贴1级能效或水效产品，补贴产品售价的15 ...

Core Viewpoint - Li Auto reported a net loss of RMB 6.25 billion in Q3 2025, marking a shift from profit to loss after 11 consecutive profitable quarters, primarily due to the recall of 11,400 units of the Li MEGA model [1][16]. Financial Performance - Vehicle sales revenue for Q3 2025 was RMB 25.9 billion (USD 3.6 billion), a decrease of 37.4% compared to RMB 41.3 billion in Q3 2024 [2][16]. - Total deliveries amounted to 93,211 units, down 39.0% year-on-year [2][16]. - Total revenue was RMB 27.4 billion (USD 3.8 billion), a decline of 36.2% from RMB 42.9 billion in Q3 2024 and a 9.5% decrease from RMB 30.2 billion in Q2 2025 [2][16]. - The net loss for the quarter was RMB 6.244 billion (USD 877 million) [2][16]. Market Outlook - For Q4 2025, Li Auto anticipates a continued decline, with expected vehicle deliveries between 100,000 and 110,000 units, representing a year-on-year decrease of 30.7% to 37.0% [4][18]. - Revenue for Q4 2025 is projected to be RMB 26.5 billion, reflecting a 40% year-on-year decline [13][25]. Competitive Landscape - The competition in the new energy vehicle market is intensifying, with price wars becoming more prevalent, putting pressure on Li Auto from various competitors [6][19]. - In the extended-range vehicle market, brands like AITO and Deep Blue are competing aggressively, while in the pure electric segment, Tesla and NIO have established significant advantages in technology, brand, and market share [6][19]. - Li Auto needs to accelerate the delivery and technological implementation of its pure electric models while balancing investments in both extended-range and pure electric strategies [6][19]. Production Challenges - New electric models i6 and i8 have received positive market feedback with over 100,000 orders, but supply chain challenges have limited their delivery to only 18% of total deliveries in Q3 [6][19]. - Li Auto is working to enhance production capacity by introducing a dual-supplier system with CATL and Sunwoda, aiming to increase the monthly production capacity of the i6 to 20,000 units by early 2026 [6][19]. New Business Ventures - In addition to its core automotive business, Li Auto has initiated new ventures, including the establishment of "Space Robotics" and "Wearable Robotics" departments, and launched its first AI glasses, Livis, priced from RMB 1,999 [7][21]. - However, the market response to these new products has been lukewarm, with significant competition from established brands like Xiaomi and Huawei in the AI glasses market [9][22]. Consumer Base - Despite declining sales, Li Auto's app user engagement remains high, indicating a stable consumer base that could be crucial for the company's recovery [10][22].

近日，闪极科技（SHARGE）在主题为"电磁弹射 无限进步"的发布会上，推出全新一代AI眼镜基座平 台及闪极 loomos AI拍摄眼镜 L1（以下简称：闪极 L1）、闪极 loomos AI显示眼镜 S1（以下简称：闪 极 S1）两款核心产品。通过架构创新、体验优化与生态布局，闪极科技重新定义智能眼镜产品形态与 价值，彰显其在AI眼镜赛道的创新优势与技术硬实力。 | 以用户需求为核心，重构AI眼镜全场景体验 闪极loomos系列AI眼镜精准洞察市场痛点，从架构、影像、音频、个性化、隐私续航等多维度实现突 破，精准破解行业普遍存在的佩戴不适、外观单一、功能与日常需求脱节等核心难题，打造真正适配日 常场景的智能穿戴产品。两款核心产品针对不同用户需求精准发力，核心优势各具特色。 在架构设计上，闪极 L1 依托创新的"凤凰架构1.0"实现形态革新，开创性地将摄像头与前框解耦并集成 于镜腿，通过重心后移大幅降低佩戴体感重量，让镜腿"轻如飞羽"，摆脱传统AI眼镜的"冷硬器械感"。 智能生态方面，闪极 L1搭载全新Loom OS 2.0 AI主动记忆系统，可通过AI技术自动记录整理生活片 段，生成个人记忆库。同时闪极宣布 ...