Core Viewpoint - The article emphasizes the importance of expanding high-level opening-up, promoting integrated trade and investment, and enhancing cooperation in various fields to achieve win-win outcomes in foreign trade and investment. Group 1: Company Developments - Samsung Electronics has begun mass production of ultrasound machines at its Suzhou factory, marking a significant reinvestment to embrace China's high-level opening-up opportunities [1][3] - Samsung Madison, a subsidiary focused on high-end ultrasound diagnostic equipment, is transitioning from importing complete machines to assembling them locally in Suzhou, aligning with China's push for domestic production in the medical device sector [3] - The Suzhou factory has become Samsung's only overseas home appliance R&D center, showcasing a complete capability from R&D to high-end manufacturing [3] Group 2: Operational Efficiency - The production efficiency at Samsung's Suzhou factory is highlighted, with refrigerators being produced every 16 seconds and washing machines in under 10 seconds, supported by a robust local supply chain [3][5] - The proximity of the Suzhou Industrial Park to the Suzhou Port enhances logistics efficiency, allowing for lower transportation costs and environmental benefits, which is a competitive advantage for Samsung [5] Group 3: Investment and Economic Environment - The Suzhou Industrial Park is a key area for cross-border investment in China, having attracted over 5,200 foreign projects and utilized more than $42 billion in foreign capital [6] - The park has become a hub for multinational companies, with 79 provincial-level headquarters, representing nearly 20% of the province's total [6] - Jiangsu province is actively promoting trade and investment integration, aiming to stabilize foreign trade and attract foreign investment through various initiatives and events [7][9]

本报记者 贾丽 在拉斯维加斯会展中心，一台由中国企业制造的人形机器人正在精准拧紧螺丝；不远处，一名佩戴AI眼镜的参观者，正通 过虚拟手势与现实世界进行交互……这不是科幻电影的片场，而是2026年国际消费电子展（CES 2026）的现场。 对于中国科技企业而言，此次展会不仅仅是一次产品的集中展示，更是一场关于产业动能转换与全球化战略升级的深度路 演。 展示系统化能力 在系统级解决方案的构建上，中国企业正展现出平台级架构能力。长城汽车股份有限公司以全动力技术矩阵和VLA辅助驾 驶系统征战CES 2026，吉利汽车控股有限公司则聚焦"全域AI"技术体系，中国车企加速从传统汽车制造商向移动出行解决方案 提供商转型。 更深层次的变化在于，中国消费电子产业链上下游企业的参展逻辑已从单一产品的"炫技"，转向系统化能力的展示。蓝思 科技股份有限公司首次系统呈现了全栈式AI硬件生态布局；广东领益智造股份有限公司则展示了其全栈式机器人技术矩阵。这 些由点及面的跨越，显示出中国智造正从"规模优势"向"系统优势"迈进。 中国联合国采购促进会副秘书长宋嘉在接受《证券日报》记者采访时表示，中国科技企业在CES 2026上展现出的一个显著 ...

Core Viewpoint - The current overseas computing power valuation is reasonable with potential for upward revision, while domestic computing power has significant long-term growth potential and performance expectations are being met [1] Historical Analysis of Technology Bull Markets - The article reviews past technology bull markets (2009-2010 consumer electronics, 2013-2015 gaming, and 2019-2021 lithium battery) to analyze the price performance characteristics during valuation expansion and profit-driven phases, providing a historical reference for the current AI industry chain [2][8] Valuation Expansion Phase Characteristics - During this phase, new technologies emerge without profit support, and industry and policy catalysts create imagination space, driving up valuations. Historical data shows that: - High levels of industry crowding are common, but short-term trading crowding does not affect the overall trend [3][15] - Risk premium effectively measures valuation boundaries, with significant reactions to positive news diminishing when the risk premium falls below a certain threshold [18] - High valuation ranges are sensitive to liquidity changes, with tightening liquidity potentially triggering adjustments [3][18] Profit-Driven Phase Characteristics - In this phase, exceeding profit expectations drives market performance, with historical examples showing: - The need to be cautious of competitive pressures and valuation constraints under endgame thinking [4][21] - Overcapitalization during profit upturns can lead to increased competition and excess capacity, negatively impacting profitability [22][25] Investment Recommendations - Overseas Computing Power: Currently in the profit-driven phase, with ROIC expected to continue rising until Q3 2025, and leading companies' valuations (PE-FY3) are reasonable at 20-30 times, indicating no bubble [5][26] - Domestic Computing Power: Significant long-term growth potential exists, with performance expectations being met and a systemic decline in risk-free rates acting as a catalyst for the next market phase [5][28] - AI Applications: Valuation is attractive, particularly in the internet and media sectors, although the timing and areas for breakout applications are uncertain [5][29]

人民财讯1月6日电，1月6日，2026年国际消费电子展(CES)开幕，猎豹移动官微称，公司董事长兼CEO 傅盛将探访猎豹投资的亮亮视野与可以科技。据悉，亮亮视野带来新品AR智能眼镜LEION HEY2。可 以科技新产品LOONA Deskmate亮相。 ...

Market Overview - In December, the equity-like market transitioned from stability to volatility, with the Wind All A Index rising by 3.30% for the month and 27.65% for the year[12] - The market experienced a significant rebound starting December 17, following a brief dip on December 16, indicating strong market resilience[12] Structural Risks and Fund Sentiment - Structural risks have notably eased, with the concentration of trading volume below historical high levels, dropping to 41% on December 16[25] - Positive fund sentiment was reflected in a net inflow of 806 billion CNY into stock ETFs in December, second only to April's 1,825 billion CNY[35] Convertible Bonds - Convertible bond valuations have shown a significant upward trend, with the valuation center for bonds priced at 100 CNY rising by 2.40 percentage points to 35.77%[18] - The median price for convertible bonds is expected to remain in the 130-135 CNY range if the equity market maintains a strong oscillating pattern[4] Investment Strategy - The report suggests maintaining a bullish mindset, as the market is currently in a low implied volatility state, similar to conditions seen in July[75] - Historical trends indicate that year-end rallies often face resistance at previous highs, but successful breakouts can lead to substantial gains, as seen in 2014 and 2020[76] Risks and Considerations - The primary risk for convertible bonds lies in the potential weakness of the equity market, which could exert dual pressure on valuations and underlying stocks[63] - The report emphasizes the importance of monitoring equity market trends and expectations, as a sustained downturn could negatively impact convertible bond inflows[62]

他以此前发布的小米17 Pro所提及的"逆光设计目标"以及"超强钢"材料为例，解释这些描述基于当时真 实的技术水平——前者代表了行业领先的逆光拍摄能力，后者确为截至目前量产机型中强度最高的材料 之一。尽管技术参数属实，但因补充说明字体过小，影响了信息传达的清晰度和可信度。 据直播透露，自去年11月起，小米已组织多个相关部门协同优化宣传规范，并形成明确共识：今后所有 商务推广材料中的说明和注释内容，将尽可能采用更大字号呈现，提升可读性与透明度。 雷军在总结发言中表示，小字标注现象确实是行业中长期存在的弊端，小米对此已有深刻认识，并决定 即刻着手改进。他强调，企业必须在合法合规的前提下开展市场传播，若仅因合规表述的存在就将其定 性为虚假或过度营销，是对企业诚意的误解。 雷军同时坦言，小米作为一家成立仅15年的创业公司，发展历程中难免存在不足之处。公司将持续保持 开放态度，认真倾听用户反馈，感谢社会各界的关注与监督，并欢迎公众继续提出建议，共同推动产品 与服务的完善。 2026-01-04 01:42:50 作者：狼叫兽 1月3日晚，小米公司创始人、董事长兼首席执行官雷军通过直播形式与公众见面，迎接新年到来。直播 ...

证券日报网1月6日讯，新铝时代（301613）在接受调研者提问时表示，截至2025年11月，标的公司向前 五名客户销售金额占营业收入的比例分别为59.99%、58.73%和58.82%，客户集中度较高，主要系标的 公司下游行业为消费电子行业，市场主要集中在几家知名终端品牌商及其主力代工厂，下游产业的集聚 化特点、客户对供应链集中管理等因素导致标的公司客户集中度较高，符合行业特征。此外，公司不存 在单一大客户收入占比超过50%的情形，与主要客户均建立了长期而稳定的业务关系，与主要客户的合 作及收入具备较强的稳定性。关于此问题，可关注公司于2025年11月6日在巨潮资讯网上披露的《重庆 新铝时代科技股份有限公司关于深圳证券交易所 <关于重庆新铝时代科技股份有限公司发行股份购买资 产并募集配套资金申请的审核问询函> 之回复》。 ...

重要资讯 1、中国人民银行召开2026年工作会议，强调继续实施适度宽松的货币政策，把促进经济高质量发展、 物价合理回升作为货币政策的重要考量，灵活高效运用降准降息等多种货币政策工具。同时再次提及了 备受市场关注的"向非银机构提供流动性的机制性安排"一事，央行通稿中提出"建立在特定情景下向非 银机构提供流动性的机制性安排，发挥好两项支持资本市场的货币政策工具作用"。 2、上海市发布20条措施鼓励外商投资企业境内再投资，支持企业按规定申请国家超长期特别国债，在 重点领域开展大规模设备更新项目投资，取消外商投资性公司使用境内贷款限制。 2、中国医药拟以5.25亿元现金收购上海则正医药70%股权，交易完成后则正医药将成为其控股子公 司，旨在提升医药研发创新领域综合实力。 3、蓝思科技是强脑科技的战略投资者，独家承接了其核心硬件模组的量产。 4、圣阳股份拟以7447.08万元收购深圳达人高科电子有限公司51%股权，以拓展储能BMS布局。 5、紫金矿业因有色金属等价格上涨，2025年业绩预增等因素，股价连涨四天，市值首次突破万亿元大 关。 6、创远信科并购重组材料被北交所正式受理，拟收购微宇天导100%股权。 3、国家外 ...

ROG幻16双屏：旗舰全能本16"双大屏旗舰全能本 面对日益复杂的创作需求，高效协作成为关键，ROG推出全球首款16"双大屏旗舰全能本——ROG幻16双屏。支持五大形态灵活切换，双大屏协同，打破传 统笔记本的使用限制，灵活适配专业设计、电竞游戏、全能AI、编程开发、视听娱乐等多场景，为创作者开启前所未有的广阔视野与沉浸体验。 官方图片 北京时间2026年1月6日，ROG玩家国度于美国拉斯维加斯CES 2026期间，正式推出多款2026年ROG幻系列全能笔记本新作。包括全球首款16"双大屏旗舰全 能本ROG幻16 双屏、全新专业性能轻薄本ROG幻14 Air、幻16 Air系列，均搭载第三代英特尔酷睿Ultra系列处理器，实现性能与能效的跨越。ROG始终致力 于对创新的追求，为不同领域用户带来顶尖体验。 官方图片 ROG幻16双屏搭载两块16英寸星云原画屏，可提供等效超21英寸的广阔视野，支持触控操作。两块屏幕均具备2.8K分辨率、120Hz刷新率、0.2ms响应时间 及1100nits峰值亮度的顶尖素质，支持色域切换功能与G-SYNC防撕裂技术，并通过潘通色彩认证以及VESA DisplayHDR True ...

Company Overview - Chongqing New Aluminum Era Technology Co., Ltd. was established in December 2015 with a registered capital of 143.841247 million yuan [2] - The company plans to list on the Shenzhen Stock Exchange's Growth Enterprise Market in October 2024, with the stock code 301613 [2] Business Focus - The company specializes in the R&D, production, and sales of aluminum alloy components for electric vehicle battery systems, with a complete business system covering material R&D, product design, advanced production processes, and large-scale manufacturing [3] - Key products include battery box housings, which are critical components of electric vehicle power battery systems, along with cell shells and precision structural parts [3] Intellectual Property - As of June 30, 2025, the company holds 155 patents, including 23 invention patents, covering key production processes and product designs for battery box housings and cell shells [3] Financial Performance - The company is committed to strict information disclosure obligations, with relevant information to be disclosed on the official platform [4] Mergers and Acquisitions - The company is progressing with the acquisition of Honglian Electronics, with the suspension of the announcement due to the need for updated financial data in the restructuring application [5] - As of November 2025, sales to the top five customers accounted for 59.99%, 58.73%, and 58.82% of the company's revenue, indicating a high customer concentration [6][7] Competitive Strategy - The company aims to combat industry competition by building technological barriers and expanding its industrial layout [8] - It focuses on the R&D of high-performance aluminum alloy materials and advanced manufacturing technologies, maintaining a leading position in the industry [8] - The company is actively pursuing new lightweight component production projects and aluminum recycling initiatives to diversify market and revenue sources [8]