1月4日，市场有消息称，华硕将退出手机市场，并裁掉手机部门人力。 来源丨凤凰网财经《公司研究院》 作者丨DW 对此，凤凰网财经《公司研究院》致电华硕官方客服，对方给予的回复是："目前我们没有接到此类通知。如果您想要了解其他最新信息，可以关注华硕 商城或官网消息。" 据IT之家报道，华硕向媒体确认，2026 年暂无推出新款智能手机的计划，但手机事业单位的营运维持不变。此外，一位华硕品牌人员则回应凤凰网财经 《公司研究院》："对于手机业务并不清楚。" （图源：官网） 01 断臂手机，华硕"甩掉"拖油瓶？ 华硕涉足手机领域的时间，远早于大众的认知。早在2002年功能机时代方兴未艾之时，华硕便已涉足手机代工（ODM）领域，为欧洲运营商制造贴牌产 品。 然而，代工利润微薄且无法建立品牌认知，怀揣着打造全球消费电子品牌梦想的华硕，并不甘心幕后。 彼时，中国台湾手机产业正成为推动全球移动智能设备发展的重要力量。随着被誉为"当代手机格局布道师"的HTC作为安卓先驱崛起，华硕与宏碁这两大 PC巨头也纷纷进军手机市场。 与此同时，华硕敏锐洞察到移动电竞的崛起。凭借在PC领域"ROG（玩家国度）"积累的深厚声誉，华硕于2017年推 ...

海尔、美的、长虹、TCL、海信、老板、方太、追觅、石头等中国家电品牌将以最新AI技术与场景化产品高调亮相AWE，集中展现中国智造的技术领先 性，并以扎实的市场业绩印证"AI科技"战略的深化。博西家电、松下、三星、LG等跨国品牌亮相AWE2026，为展会注入更多国际化元素。 AI成为标配 2026年伊始，全球消费电子行业的聚光灯再次投向上海。3月12日至15日，一年一度的AWE2026(中国家电及消费电子博览会)将正式举行。作为家电行业 技术发布与市场风向的关键节点，本届展会将迎来更激烈的"AI竞技赛"。 AWE2026中国家电及消费电子博览会 首次启用"一展双区"的新模式，于2026年3月12-15日在上海新国际博览中心与上海东方枢纽国际商务合作区展区两 地同步举行，主题为"AI科技、慧享未来"，全景化展示前沿智能科技成果与智慧生活产品和解决方案。订展1832-108-9516 本届AWE以"AI科技、慧享未来"为主题，聚焦人工智能技术在家电及消费电子领域的创新应用，吸引来自全球70余个国家和地区的1500余家参展商，参 展人次有望突破40万次，数万件智慧生活产品及方案在展会中亮相。各大品牌前沿家电和消费电子 ...

在核心的显示技术领域，不同于海信等企业主攻的RGB-Mini LED多芯架构或三星等企业押注的Micro RGB路线，TCL华星选择在印刷OLED技术上寻求突围。据悉，本届展会上TCL将展出全球首款基于印 刷OLED屏幕的座舱显示方案。 除了显示基本盘，"AI向实"也成为TCL本届参展的另一关键词。面对行业内具身智能和AI原生终端的爆 发式增长，TCL将重点展示其在"AI生活"领域的全场景布局。据悉，雷鸟AI/AR眼镜、TCL AiMe陪伴 机器人以及一系列植入AI算法的空冰洗家电将集中发布。 1月4日，南都湾财社记者从TCL方面获悉，其作为本届展会最大的中国参展商，TCL实业与TCL科技 （000100）此次展位的面积将达2453平方米，在显示技术与AI应用两大赛道上，与三星、LG及索尼等 国际巨头展开正面角逐。 2026被行业普遍视为"AI硬件落地元年"，从芯片算力到终端应用，AI正从云端加速向边缘侧渗透。在这 一背景下，TCL相关负责人向记者表示，本届参展策略从单纯的硬件参数堆叠，转向了"屏显+AI"的生 态卡位。 1月6日，被誉为"科技春晚"的国际消费电子展（CES 2026）将在美国拉斯维加斯启幕。 ...

昨日晚间，雷军举行了新年直播，直播中除了有拆车环节外，还有问答环节，雷军回应了诸多问题，里面还特别提到了网上热议比较多的"PPT小字"情 况。 雷军表示：小字确实是行业陋习，在这一点上，小米从现在做起，立马整改。但是，如果发现了合规的一些做法就说虚假营销或者过度营销，这是对小米 天大的误解。小米只有15年的创业历程，还有非常多不完美的地方，会认真细心听取大家的意见，感谢大家的支持和监督，欢迎大家继续提问题，小米继 续改进。问问大家，你平时会关注各大品牌宣传物料上的小字吗？历史资讯 小米集团董事长特别助理、战略市场部副总经理徐洁云在直播中表示：在宣传物料上，比如海报、PPT上面加标注，确实是行业常见的惯例，小米之前更 多考虑的是法律合规，因为要符合广告法，确实当中有一部分是忽略了大家的感受，以至于有些内容看上去的确有点像在吹牛。举个例子，小米17 Pro 的"逆光设计目标"小字、小米超强钢等，当时的确是行业最好的逆光表现、行业截至发布时量产最高强度。从11月开始，小米内部拉通了很多团队，达成 坚定共识，要求所有的商务团队在说明和注解中都尽量使用大字。 ...

Core Viewpoint - The 2026 Consumer Electronics Show (CES) is anticipated to showcase significant advancements in technology, particularly in AI, robotics, and consumer electronics, with a focus on cost reduction and efficiency improvements [7][10]. Group 1: Chip Industry Strategies - NVIDIA is shifting its focus away from traditional consumer graphics cards, emphasizing "Physical AI" to extend AI computing capabilities into robotics and industrial applications, with potential delays in the RTX 50 Super series due to high GDDR7 memory prices [8][14]. - AMD is adopting a steady upgrade strategy, planning to launch the Ryzen 9000 series for desktops and Ryzen AI 400 series for mobile devices, targeting workstation users with advanced features [14]. - Intel is set to release the Core Ultra Series 3, which includes approximately 14 SKUs, with the flagship model featuring 16 cores and a maximum frequency of 5.1GHz, aiming to regain market confidence in its advanced manufacturing capabilities [14]. Group 2: Robotics and AI Developments - 2026 is seen as a pivotal year for humanoid robots, with a focus on practical applications and real-world testing [10]. - The competition among countries in robotics is intensifying, with China focusing on cost control and mass production, while the U.S. showcases technological benchmarks through companies like Boston Dynamics [15]. - South Korea is forming alliances to enhance its robotics capabilities, exemplified by the "K-Humanoid" alliance led by Rainbow Robotics, showcasing industrial-grade humanoid robots [15]. Group 3: XR and Consumer Electronics - The XR market is currently in a digestion phase following the release of Apple Vision Pro, with CES 2026 expected to mark the beginning of a counterattack from the Android camp [12]. - Samsung is debuting the Galaxy XR glasses, which integrate advanced AI features and aim to compete with Apple's ecosystem [16]. - Chinese companies are leading the trend of lightweight AI glasses, with products like the Quark AI Glasses S1 and Rokid Glasses focusing on practical applications such as real-time translation and AR navigation [16]. Group 4: Automotive Industry Innovations - The automotive sector is transitioning from "software-defined" to "AI-defined," with a competitive arms race in chip technology [13][21]. - Companies like Geely and Great Wall are showcasing innovations in vehicle architecture, while BMW is presenting its iX3 based on the Neue Klasse architecture, integrating advanced technologies [21]. Group 5: Display and Hardware Innovations - Lenovo is introducing innovative hardware solutions, including AI-driven automatic rotating screens and rollable laptops, addressing the balance between large displays and portability [22]. - Display technology advancements are highlighted by TCL and Hisense, focusing on Mini-LED technology and AI image processing capabilities to enhance picture quality [22].

整理 | 美股研究社 在这个快速 变 化的 时代， 人工 智能技术正以前所未有的速度发展，带来了广泛的机会 。 《AI日 报 》致力于挖掘和分析最新的AI概念股公司和市场趋势，为您提供深度的行 业 洞察和 价 值 分析。 A I 快 报 【电动无人驾驶矿卡伯镭科技完成超 10 亿元融资】 近日，全球领先的电动无人驾驶矿卡及零碳无人矿山解决方案提供商 ——伯镭科技宣布完成新 一轮融资，至此， 2025 年伯镭科技累计融资金额超 10 亿元，是矿区无人驾驶赛道在一级市 场的最大融资金额。 本次融资投资方为中银国际投资、金浦投资、同力重工、中信建投资本、易高资本等机构，老 股东九智资本继续追投。融资主要用于加强研发投入、扩大智能产能、加速国内外市场拓展以 及深化产业生态合作。 【苹果回应国行版 AI 上线传闻 】 致电苹果公司，接线的技术顾问表示，截至今天苹果 AI 还未正式上线，后续上线将在官网上 进行发布。预计 iPhone 15 Pro 及更新版本的手机型号才能兼容苹果 AI ，"因为 AI 的算法 对硬件的要求非常之高， iPhone 15 的硬件还没有达到那个要求。"前述技术顾问也提醒，之 前有部分博主通 ...

Valuation Summary - The overall valuation of the A-share market as of December 31, 2025, shows the CSI All Share (excluding ST stocks) with a PE of 21.6x and a PB of 1.8x, positioned at the 81st and 42nd historical percentiles respectively [2] - The Shanghai Stock Exchange 50 Index has a PE of 11.8x and a PB of 1.3x, at the 63rd and 43rd historical percentiles [2] - The CSI 300 Index has a PE of 14.2x and a PB of 1.5x, at the 65th and 39th historical percentiles [2] - The CSI 500 Index shows a PE of 33.8x and a PB of 2.3x, at the 64th and 51st historical percentiles [2] - The ChiNext Index has a PE of 40.8x and a PB of 5.5x, at the 35th and 63rd historical percentiles [2] Industry Valuation Comparison - Industries with PE valuations above the 85th historical percentile include Real Estate, Retail, and IT Services [2] - Industries with PB valuations above the 85th historical percentile include Electronics (Semiconductors) and Communications [2] - Industries with both PE and PB valuations below the 15th historical percentile include Medical Services and White Goods [2] Industry Sentiment Tracking New Energy - In the photovoltaic sector, the average price of silicon wafers increased by 10.8%, while battery cell prices rose by 11.8% [2] - The price of cobalt increased by 6.8% and nickel by 5.5%, while lithium carbonate prices rose by 0.9% [2] Technology TMT - The Philadelphia Semiconductor Index rose by 2.2%, and the Taiwan Semiconductor Index increased by 5.1% [3] - The DXI Index (DRAM output value) increased by 7.2%, driven by strong demand for high-performance products related to AI computing [3] Real Estate Chain - The price of rebar increased by 0.1%, while iron ore prices rose by 1.5% [3] - The national cement price index decreased by 0.3% [3] Consumption - The average price of live pigs increased by 10.4%, while wholesale pork prices rose by 1.4% [3] - The price of Moutai liquor decreased by 3.5% to 1505 CNY [3] Cyclical Industries - The price of copper increased by 2.7%, while aluminum rose by 2.2% [3] - Brent crude oil futures closed at 60.8 USD per barrel, down 2.4% [3]

图：段永平与巴菲特， 图据段永平雪球账号@大道无形我有型 据上海证券报，根据 今年8月 美股机构投资者二季度13F持仓披露情况，段永平管理的 H&H International Investment持仓曝光。截至2025年二季度末，H&H International Investment持仓总市值约115亿美元。 近日，知名投资人段永平在投资交流平台雪球上，以"大道无形我有型"的ID发文晒出部分 持仓。 图片显示，该账号于2011年11月开始买入苹果（AAPL.US）股票，累计收益率达 1623.48%，目前收益金额约为3426万美元。 | | Lot Details: AAPL - APPLE INC | | | | | | | × | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | | | | | | Cost Basis Calculator @ Help & Export | Print | | Open Date | Quantity | Price | Cost/Share | Market Value | Cost Ba ...

Core Viewpoint - Xiaomi's chairman Lei Jun addressed concerns regarding the materials used in their vehicles during a live stream, emphasizing transparency and inviting scrutiny from the public and media [1]. Group 1: Vehicle Production Goals - Xiaomi aims to deliver 300,000 vehicles by early 2025, increasing the target to 350,000, with an annual goal of over 410,000 vehicles. By 2026, the company plans to focus more on automotive production, setting a delivery target of 550,000 vehicles [4]. Group 2: Response to Marketing Practices - Lei Jun acknowledged the issue of "small print marketing" as an industry norm and committed to immediate changes, stating that previous practices were more about legal compliance than customer perception [5]. - The company’s strategic marketing department noted that the use of small print in promotional materials has been a common practice, but they recognize the need to improve customer communication [5]. Group 3: Addressing Negative Publicity - The term "Green Belt Warrior" was described as a result of malicious editing and labeling by individuals aiming to create negative narratives about the company [6]. - Lei Jun explained that disabling comments during live streams was a measure to prevent spam attacks, ensuring a better experience for genuine users [7]. - The claim of having 7,000 legal staff was dismissed as exaggerated, with a focus on combating misinformation and protecting the brand's reputation [8]. - Lei Jun expressed frustration over the various criticisms faced by the company, emphasizing the importance of objective feedback while condemning malicious attacks [9]. Group 4: Clarification on Misunderstandings - The rumor that "Xiaomi prevents farmers from selling millet" was clarified as a misunderstanding, with the company asserting that there is no connection between its brand and the agricultural product [10].

Group 1 - The CES 2026 will take place from January 6 to January 9, focusing on AI as it transitions into practical applications, marking the year as the beginning of AI technology integration and industrialization [2][9] - A total of 4,112 companies will participate in CES 2026, with major players like AMD, Lenovo, Hisense, and TCL showcasing innovations across various sectors, including chips, hardware, and vertical applications [2][3] - The event will highlight the integration of AI in various industries, including automotive and supply chains, demonstrating deep connections and applications across the entire industry chain [2][6] Group 2 - NVIDIA's CEO Jensen Huang will not deliver a keynote this year but will participate in discussions about AI's impact on consumer electronics and infrastructure [3][7] - AMD is expected to unveil its next-generation mobile processor, the Ryzen AI 400 series, featuring 12 Zen 5 cores and enhanced NPU capabilities [6][4] - Siemens' CEO will present advancements in industrial AI, showcasing how AI, digital twins, and automation are transforming manufacturing and infrastructure [6][9] Group 3 - The home appliance sector will see significant AI integration, with major companies like Hisense and TCL leading the charge in redefining the future of home electronics [10][11] - Hisense will introduce the world's first display technology upgraded to a "four-core architecture," along with a humanoid robot capable of multi-language interaction [10][11] - The cleaning appliance market, particularly robotic vacuums, is dominated by Chinese brands, while iRobot faces bankruptcy, highlighting a shift in market leadership [13][19] Group 4 - The CES 2026 will feature a strong presence of embodied intelligence products, with over 50% of exhibitors being Chinese companies, showcasing advancements in humanoid robots and smart assistants [20][22] - New AI-native devices, including AI glasses and AI headphones, will be introduced, indicating a shift towards AI as the next generation of consumer electronics [24][26] - The event will also host discussions on the future of technology, including topics like AI's role in industrial transformation and the commercialization of embodied intelligence [30][28]