2026年1月2日南方都市报A01版 ·汽车以旧换新补贴方式：从定额补贴调整为根据新车含税成交价进行补贴（设有上限）。 ·汽车报废更新方面：个人消费者报废符合条件旧车并购置新车，新能源乘用车补贴比例为12%，最高2 万元，燃油乘用车补贴比例为10%，最高1.5万元。 广汽集团在京东MALL的新年车展现场，一辆崭新的广汽埃安i60新能源SUV完成了补贴核销手续，标 志着全国首单汽车"国补"亦在广州诞生。 "前不久还因为错过了25年以旧换新补贴感到很'蚀底'，没想到还可以赶上了26年的最新政策，非常高 兴。"市民郑先生开心地说道。 2026年1月1日零时起，广州市正式启动实施2026年消费品以旧换新补贴政策。 ·个人消费者购买手机、平板、智能手表手环、智能眼镜等4类数码产品（单件销售价格不超过6000 元），按产品销售价格的15%给予补贴，每位消费者每类产品可补贴1件，每件补贴最高500元。 ·以旧换新活动同样覆盖1级能效或水效标准的冰箱、洗衣机、电视、空调、电脑、热水器等6类家电产 品。 "新年零点一过就下单了！" 2026年1月1日零点，广州京东MALL店内，市民吴女士成功下单一台心仪的手机，成为2026年全 ...

Core Viewpoint - Xiaomi Group is promoting its new energy vehicle, YU7, with a three-year interest-free installment plan, aiming to enhance sales and customer engagement through promotional activities and live events [1][3]. Group 1: Product Promotion and Sales Strategy - Xiaomi's chairman Lei Jun announced a promotional campaign for the YU7, offering a three-year interest-free financing option with a down payment of 74,900 yuan and monthly payments as low as 4,961 yuan [1]. - The promotion is designed to attract customers during the holiday season, with additional incentives such as a 1:64 scale model car for test drivers [1]. Group 2: Production and Delivery Milestones - Xiaomi's automotive division reached a significant milestone by producing its 500,000th vehicle in just over one year and seven months [3]. - As of December 2025, Xiaomi has delivered over 500,000 vehicles, with more than 350,000 units delivered in that year alone [3]. Group 3: Financial Performance - In November 2025, Xiaomi reported a third-quarter revenue of 113.12 billion yuan, a year-on-year increase of 22.3%, with an adjusted net profit of 11.3 billion yuan, up 80.9% [4]. - The revenue from the smart electric vehicle and AI innovation segment reached 29 billion yuan, showing a growth of over 199% year-on-year, with the electric vehicle segment contributing 28.3 billion yuan [4]. - This segment achieved its first quarterly operating profit of 700 million yuan [4].

今天是2025年最后一个交易日，利好很多： 一个利好是12月制造业PMI50.1%，久违的回归荣枯线以上，预示着12月制造业显著回暖，从细分行业数据看，制造业回暖主要受益于节前备货，集中于食 品饮料、纺织服装、消费电子等行业，可能也受到12月大宗商品市场活跃的影响，希望26年初能够保持这种趋势，毕竟经济才是股市上涨的底气。 还有一个政策利好是国补政策基本落地。发改委、财政部印发《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》。 有观点认为国补政策略有遗憾，因为没有2025年力度大，虽然多了一个AI眼镜，但少了微波炉、净水器、洗碗机和电饭煲等，且家电上限从2000下降到 1500，汽车国补还有比例限制。 的确，2026年的国补的确针对性更强，力度有所减弱，但话又说回来了，有，总比没有好吧。要知道，2025年10月之后，事实上国补资金已经用完，耐用消 费品的消费热度瞬间下滑，所以，有国补，势必让2026年上半年的市场恢复热度。 当然，也要考虑耐用消费品的特性，25年买了，26年就不会有需求，但话还是要两说，中国人多，市场纵深大，没那么容易饱和。 所以，有国补，就是好消息，就能让汽车制造、家电制造、数 ...

谈及家电行业"内卷"，格力电器董事长董明珠向记者表示，家电行业竞争非常激烈，大家不再追求技术 突破，简单地偷工减料，以价格忽悠用户。如果图便宜买1000元的空调，面临的维修成本远远大于购买 一台质量好的产品，劣质产品耗电量也是正常产品耗电量的翻倍。 市场"价格战"悄然改变行业格局。小米集团合伙人、总裁卢伟冰在2025年年初提到，"小米空调2024年 是中国市场第四名，今年目标坐稳第三名，最近提出2030年目标，在中国市场空调要做到数一数二。虽 然目标蛮难，但我认为小米机会很大。" 2025年收官，家电行业经历了市场竞争与资本布局的双重变革。空调赛道成为最热门领域，政策引导下 的多重补贴引发激烈价格战，"千元机"频现，行业均价结构性下探，不仅导致头部品牌市场份额收缩， 也让小米等新势力借机崛起，行业格局悄然生变。 资本市场方面，A股家电及消费电子企业赴港上市热潮涌动，奥克斯电气成功登陆港股，石头科技、极 米科技、视源股份等纷纷推进"H股上市"计划，以"A股+H股"双平台布局拓展融资渠道、加速全球化进 程，为行业发展注入新的资本动力，2026年行业竞争与布局或将更趋激烈。 价格战下，空调头部企业份额收缩 2025 ...

Group 1 - The core point of the article is that Shenzhen will fully implement subsidies for vehicle scrapping and replacement, as well as for the replacement of certain home appliances and digital products starting January 1, 2026 [1] Group 2 - For vehicle scrapping and replacement, the maximum subsidy for new energy vehicles is 20,000 yuan, while for fuel vehicles it is 15,000 yuan [1] - The subsidy for purchasing new energy passenger vehicles is up to 15,000 yuan, and for fuel passenger vehicles, it is up to 13,000 yuan [1] Group 3 - Subsidies for six categories of home appliances will be 15% of the product sales price, with a cap of 1,500 yuan per item for each consumer, limited to one item per category [1] - For four categories of digital and smart products, the subsidy will also be 15% of the product sales price, with a cap of 500 yuan per item for each consumer, limited to one item per category [1]

目前，广东、浙江、江苏、安徽、福建、内蒙古、江西、上海、四川、山东、河北、重庆等省市国补率先上线淘宝天猫，消费者在淘宝APP首页"国补"频 道或者搜索"国家补贴"即可领用。天猫线上线下（300959）全面承接2026年国补，线下天猫优品全国超万家门店也支持领用国家补贴。 积极响应国补以旧换新增量政策，给消费者更大力度让利，1月1日至3日，天猫还联合海尔、美的、华为、西门子等上千个品牌，举办"国补焕新季"活 动，超级立减9折起，在国家补贴基础上，消费者额外可领950元国补焕新季消费券，多重优惠叠加，家电低至5折。 据悉，2025年超3000多个品类，1万多个品牌，50万款商品，在淘宝天猫上线国补，日均超1.5亿人次在淘宝逛国补专区。 2026年，新一轮的国家补贴正式开启，1月1日起，上淘宝天猫领取马上可用。同时，线下天猫优品全国超万家门店全面承接2026年国补。 最新政策显示，2026年国补覆盖品类为：冰箱、洗衣机、电视、空调、电脑、热水器、手机、平板、智能手表手环、智能眼镜10大品类；其中，智能眼镜 为2026年国补新增品类。国补力度上，统一调整为补贴15%，一级能效/水效家电补贴上限1500元，数码和智能产 ...

盘面上，昨日拉升助力大市上涨的大型科技股集体低迷，京东、快手、阿里巴巴、小米、腾讯均下跌， 唯独百度再涨1.39%；2026年汽车以旧换新补贴细则发布，汽车股呈现高开低走行情，"蔚小理"等皆转 跌；美政府已颁发许可证，批准韩企向中国出口芯片制造设备，昨日拉升的半导体股走低，家电股、保 险股、风电股、煤炭股纷纷表现弱势。 格隆汇12月31日｜受元旦假期影响，港股下午开始休市，三大指数上午盘集体收跌，且呈现高开低走行 情，收官日表现低迷。截止收盘，恒生指数跌0.87%报25630点，国企指数跌0.86%报8913点，恒生科技 指数跌1.12%报5515点。25年收官：恒指、国指、恒生科技指数分别上涨27.77%、22.27%、23.45%。 来源：格隆汇APP 注：2026年元旦假期将至，港股12月31日(周三)半天市，下午开始休市，1月1日(周四)休市，共1.5天假 期，周五正常开市。(格隆汇) 另一方面，元旦假期旺季来临，航空股、影视股等受益于相关板块走势活跃，尤其是三大航空股皆强 势，猫眼娱乐等上涨；铜价创十余年最佳年度表现，铜业股是唯一上涨的有色金属股，其中江西铜业股 份再创历史新高。 ...

Group 1 - Starbucks is closing approximately 400 underperforming urban stores in the U.S. and shifting investments towards renovating stores and drive-through locations in suburban areas to adapt to changes in customer traffic and cost pressures [2] - Gree Electric is monitoring the price trends of key raw materials and has implemented digital management for inventory and demand, along with flexible reserve strategies and regular futures hedging to mitigate adverse impacts from price volatility [3] - Multiple jewelry brands have significantly reduced their gold jewelry prices, with Chow Sang Sang pricing at 1353 yuan per gram, indicating a market adjustment [4] Group 2 - Barclays Bank reports that UK consumers have reduced card spending for the first time in five years, with a 0.2% year-on-year decline compared to a 1.6% increase last year [5] - Zhipu plans to globally issue 37,419,500 H-shares at a price of 116.20 HKD per share, with trading expected to commence on January 8, 2026 [6] - Pop Mart has begun selling products at half price, with second-hand platforms showing significant price drops for Labubu items, indicating a cooling market for trendy toys [7][8] Group 3 - Huawei's rotating chairman Meng Wanzhou emphasizes the start of a new journey in the intelligent era, highlighting the importance of innovation and self-criticism in navigating future uncertainties [9] - Spring Airlines and Juneyao Airlines announced plans to purchase a total of 55 Airbus A320 aircraft, with a transaction value exceeding 82 billion USD (approximately 574.48 billion yuan) [10] - EVE Energy's Hong Kong IPO application has expired after six months, with CITIC Securities as the sole sponsor [11] Group 4 - The Financial Accounting Standards Board (FASB) will explore cryptocurrency-related issues in 2026, including whether certain cryptocurrencies can be classified as cash equivalents [12] - Samsung Electronics is reportedly supplying automotive chips for BMW's electric vehicles, marking a significant expansion in its automotive component offerings [13] - Concerns arose regarding the production of a sofa sold during a live stream by a prominent host, with Gujia Home clarifying that the products are manufactured in its own factories [14]

来源：环球网 由格力电器与央视频联合打造的深度商业观察类栏目《格力电器请回答》第二季播出完毕，获得强烈反 响。据央视频数据统计，全网曝光量近2.4亿，其中大量热榜出现，成为2025年年末现象级观察类探访 栏目。 在中国制造向"中国智造"转型的关键阶段，央视频联合格力电器推出《格力电器请回答》第二季，通过 五集深度走访，从中央空调、冰箱、芯片、家用空调到洗护机，全方位拆解了格力电器三十余年深耕制 造业的技术沉淀与品牌坚守，为中国高端制造突围提供了鲜活范本。 自主攻坚：打破垄断，构建科研壁垒 从"受制于人"到"技术领跑"，格力电器的突围之路始于核心技术的自主掌控。 在中央空调领域，过去大型机组市场长期被国际品牌垄断，2012年起，格力电器将研发队伍从数百人扩 充至近两万人，建成16个研究院、152个研究所、1411个实验室的科研集群。通过自主研发磁悬浮、气 悬浮压缩机，格力电器中央空调能效提升超30%，可靠性优于外资品牌，成功进驻中国尊、港珠澳大 桥、北京大兴机场等国家级地标。 格力电器光储空样板工程：北京大兴机场 针对全球能源难题，格力电器早在2012年便布局清洁能源，历经十余年迭代，打造出"光储空"一体化系 ...

Core Viewpoint - The article reflects on the journey of the Chinese manufacturing industry over the past 20 years, emphasizing the need for a return to authenticity and sustainable practices in the face of past impulsiveness and rapid growth [2][6]. Group 1: Industry Development - The term "impulsiveness" is used to describe the rapid development of the Chinese manufacturing industry, which has been characterized by a rush to seize opportunities since China's entry into the WTO in 2001 [3][5]. - The author highlights the significant investments made during peak years, such as over 200 million yuan spent on advertising in 2018, despite the company's total revenue being only around 300 million yuan [4][6]. - The narrative illustrates how many entrepreneurs, including the subject, were initially successful in capitalizing on the era's opportunities but later faced challenges due to market volatility and impulsive decisions [5][10]. Group 2: Personal Journey and Lessons - The subject, a veteran in the manufacturing sector, experienced a significant downturn in 2009, with production dropping by 98% due to the global financial crisis, which served as a wake-up call about the importance of understanding market dynamics [11][13]. - The transition from a focus on B2B production to branding and direct consumer engagement was marked by a realization that true value creation requires a long-term commitment to quality and customer relationships [6][20]. - The subject emphasizes the importance of maintaining a focus on core competencies and the need for genuine innovation and management practices to ensure long-term survival in the manufacturing sector [20][21]. Group 3: Future Outlook - The article concludes with a reflection on the current state of the manufacturing industry, noting that despite rapid growth, there remains a lack of strong organizational and branding capabilities among Chinese manufacturers [21][22]. - The subject advocates for a cautious and thoughtful approach to business, emphasizing the need to understand the historical context of the industry to navigate future challenges effectively [21][22].