8月7日理想汽车法务部官方微博发文称，近期收到多位车主举报，反映各网络平台集中出现大量针对理 想车主负面评价的误导性信息，极大损害了理想汽车用户形象，致使理想汽车用户线上线下生活遭受严 重侵扰。 责任编辑：王翔 文章指出，经核查，此类负面信息24小时不间断在多平台密集发布，具有多频次、内容高度同质化等特 征，涉嫌有组织的违法犯罪。以8月3日为例，自0时至早7时，仅1个平台就集中出现45篇以《以前真没 注意，理想车主，没有意外，一律乱停车…#理想车主》为主题的相同视频。即便是凌晨时段，大量密 集地攻击仍未收手，直到现在，还未停止。这一行为背后的黑力量，在挑战社会的良知和法律的底线。 理想汽车称，正在固定相关证据，将坚决通过平台投诉、发起民事诉讼、刑事报案等一切法律途径追究 其法律责任，维护广大用户和公司合法权益。 ...

Group 1 - The Hang Seng Index opened up 0.29%, with the Hang Seng Tech Index rising 0.27%, indicating a positive market sentiment [1] - Technology stocks were active, with Alibaba rising over 2%, while new energy vehicle stocks showed weakness, exemplified by Xpeng Motors falling nearly 2% [1] - Apple-related stocks performed well, with Hawei Electronics increasing over 5% [1] Group 2 - Huatai Securities reported that the recent pullback in Hong Kong stocks is primarily due to adjustments in internal and external expectations, but the medium-term liquidity easing logic remains unchanged [2] - The report suggests focusing on sectors with improving sentiment and low valuations, particularly emphasizing technology stocks [2] - Short-term trading should revolve around interim report performances, with a focus on gaming and e-commerce leaders that have attractive valuations and improving sentiment [2] Group 3 - Guotai Junan noted that despite a relatively volatile market since late June, Hong Kong technology stocks are still more closely related to current trends in AI applications and new consumption, maintaining their attractiveness [3] - It is expected that major internet companies in Hong Kong will increase capital investment in AI infrastructure in the second half of the year, which may accelerate the progress of large model iterations and AI applications [3] - CITIC Securities highlighted that the behavior of funds determines the structure and mode of rising industries, with a focus on high consensus varieties rather than low-position varieties [3] Group 4 - Ping An Securities (Hong Kong) pointed out that the current Hong Kong market still has low valuations and increasing trading activity under the "profit-making effect," maintaining an optimistic medium to long-term outlook [4] - The report recommends continued attention to technology sectors such as artificial intelligence, robotics, semiconductors, and industrial software, as well as innovative pharmaceutical sectors supported by policy [4]

Macro Strategy - The report analyzes three historical cases of capacity adjustment over a century, providing insights into supply-demand rebalancing: the long depression in the late 19th century in Europe and America, the 1929 Great Depression, and Japan's capacity reduction in the 1970s and 1990s [1][11] - Key conclusions include that capacity imbalance can lead to a negative feedback loop lasting 20-30 years if uncontrolled, and government intervention is more effective than non-intervention in addressing capacity imbalances [1][11] - Effective supply-demand rebalancing requires simultaneous efforts in controlling capacity, restoring credit, and stabilizing employment, rather than relying solely on supply or demand policies [1][11] Fixed Income - The report discusses the micro-guided convertible bond, which has a total issuance scale of 1.17 billion yuan, with net proceeds used for the construction of an intelligent factory for semiconductor thin film deposition equipment [2][12] - The expected listing price range for the convertible bond is between 128.84 and 143.03 yuan, with a predicted subscription rate of 0.0036% [2][12] - The company, Micro-Guided Nano, has shown steady revenue growth with a compound annual growth rate of 71.44% from 2020 to 2024, achieving 2.7 billion yuan in revenue in 2024, a year-on-year increase of 60.74% [2][12] Industry Analysis - The report on Chuanfeng Power highlights the company's leading position in the all-terrain vehicle and motorcycle markets, with three major business segments experiencing rapid growth [3][14] - The investment recommendation maintains a "buy" rating for Chuanfeng Power, anticipating higher valuations due to its significant market position and growth potential across its business segments [3][14] - Jiuhua Tourism is positioned to leverage its unique cultural and natural resources, with projected net profits of 220 million, 240 million, and 270 million yuan from 2025 to 2027, corresponding to price-earnings ratios of 18, 16, and 15 times [4][14] Company-Specific Insights - Crystal Technology has secured a significant contract for drug discovery, with potential payments exceeding 5.89 billion USD, indicating strong future growth prospects [5][16] - The company is expected to achieve revenues of 552 million, 924 million, and 1.503 billion yuan from 2025 to 2027, with a forecasted return to profitability by 2027 [5][16] - Zhongchong Co., a leader in the pet food industry, reported a 42.6% year-on-year increase in net profit for the first half of 2025, driven by strong growth in its proprietary brands [17][18]

小鹏汽车 全新小鹏P7实现3.7秒零百加速，最高车速可达230km/h，基于全域800V高压SiC平台打造，搭载5C超充AI电池， 补能效率大幅跃升——10分钟即可补能525km，10%-80%充电仅需11.3分钟，真正做到了"充电如加油"。全系均有 超长续航，其中长续航版达702km，超长续航版达820km，高性能版也有750km。 8 月 6 日， 2025年8月6日至全新小鹏P7上市日，预订用户可享99元意向金抵扣3000元购车金的权益，同时可与上市权益叠加 使用。 2020年，初代小鹏P7上市，曾是小鹏汽车销量低谷时的招牌车型，也是中国首个突破十万台销售的纯电新势力车 型。如今，全新小鹏P7全系搭载三颗自研图灵AI芯片，整车有效算力达2250TOPS，全球第一。其中两颗驱动智 驾VLA大模型，赋予汽车理解与主动决策能力；另一颗协同8295P芯片驱动智舱VLM大模型。 全新小鹏P7的智能灵动仿生座舱围绕"科技岛仪表台"展开，87英寸追光全景抬头显示、沉浸式运动仪表、Touch Pad智慧触控与运动方向盘共同构建沉浸式AI交互空间。其中，三轴灵动屏采用机器人IRON手腕同款结构，可实 现左右共25°以及上 ...

【市场复盘】 截至8月6日收盘，港股三大指数涨跌不一。恒生指数收涨0.03%，报24910.63点；恒生科技指数收涨 0.2%，报5532.17点；国企指数收跌0.21%，报8932.68点。盘面上，周期股领涨行业，大消费低开高 走，医药股表现分化。热点个股方面，中芯国际涨超3%，腾讯控股涨超1.5%，快手涨近1%，美团跌近 1.5%，小米集团跌超0.5%。热点ETF方面，恒生科技指数ETF（513180）收涨0.27%。 3、乘联分会最新数据显示，7月，全国乘用车市场零售183.4万辆，同比增长7%。其中，新能源市场零 售100.3万辆，同比增长14%，新能源市场零售渗透率54.7%。 【沽空数据】 港交所披露数据显示，8月6日共625只港股被沽空，总沽空金额为280.95亿港元。其中沽空金额超1亿港 元的个股有53只，腾讯控股、阿里巴巴-W、美团-W沽空金额位居前三，分别为22.84亿港元、18.55亿 港元、17.79亿港元。 【机构观点】 【南向资金】 8月6日，南向资金连续第二个交易日净买入港股，单日净买入额达94.85亿港元；截至8月6日，今年以 来南向资金累计净流入8938.67亿港元，大幅超过 ...

8月6日，总部位于武汉经开区的武汉盛势启创科技有限公司（以下简称盛势启创）宣布完成B轮融 资，融资金额超亿元。 武汉盛势启创科技有限公司办公室，员工们正在专注工作 据介绍，本轮融资获得国内汽车产业巨头旗下资本联合加持，由奇瑞集团旗下瑞丞基金与北京小米 智造股权投资基金共同领投，东风资管旗下泉州海丝壹号新能源产投跟投，老股东方广资本继续追加投 资。 盛势启创成立于2020年，主要从事新能源与智能网联汽车的智能传感器、智能座舱等产品的芯片开 发和硬件设计，先后获得省科创"新物种"、武汉市骨干瞪羚企业等称号。其产品已批量应用于吉利、小 鹏、岚图、赛力斯等国内主流新能源汽车品牌，国内品牌覆盖率超80%。 据透露，目前，盛势启创已与奇瑞、东风等车企建立了稳定的供应关系，未来还将获得奇瑞、小 米、东风更深入的支持。 小米集团产业投资部有关负责人介绍，看好盛势启创在新能源汽车核心电子部件领域展现出的扎实 技术功底和快速产品化能力。"此次投资，是基于对其成为产业链关键环节领先供应商潜力的认可。" "产业资本的强力支持，将进一步强化公司在智能汽车产业链中的核心地位。"盛势启创董事长李成 说，本轮融资资金将重点投向核心技术研发与 ...

【今日推荐】 2025.08. 07 中办、国办印发《整治形式主义为基层减负若干规定》 中共中央办公厅、国务院办公厅印发《整治形式主义为基层减负若干规定》，并发出通知，要求各地 区各部门认真遵照执行。通知要求，各地区各部门要严格执行《若干规定》，统筹为基层减负和赋 能，切实把基层从形式主义、官僚主义束缚中解脱出来，引导广大党员、干部积极担当作为，有更多 精力抓落实。 特朗普拟对芯片征收100% 关税 但苹果等将生产移回美国的企业享有豁免 特朗普表示将对包括半导体在内的进口产品征收100%的关税，但会对将生产转移回美国的企业予以 豁免。他在和苹果公司首席执行官蒂姆·库克在椭圆形办公室宣布一项1000亿美元新投资时披露了这 一关税计划。 特朗普对记者表示，"我们将对芯片和半导体征收高额关税，但对于像苹果这样的企业 来说，好消息是，如果你在美国生产，或者已经承诺在美国生产，毫无疑问，你就不会被征收关 税。" 美股收涨， 苹果市值一夜大增万亿元 道指涨0.19%，纳指涨1.21%，标普500指数涨0.73%。 苹果股价大涨5.09%，市值一夜大涨1538 亿美元（约合11047亿元人民币），上一次录得这样涨幅还是在5 ...

港股研究丨公司点评丨小鹏汽车-W（9868.HK） [Table_Title] 小鹏全新 P7 正式亮相，打造时尚科技设计新标 杆 报告要点 [Table_Summary] 2025 年 8 月 6 日，小鹏全新时尚轿跑 P7 正式亮相，推出 702 长续航、820 超长续航和 750 高 性能共 3 个版本，正式开始预售，未公布预售价格。权益方面，即日起至上市日，99 元意向金 抵扣 3000 元购车金，且可与上市权益叠加。智驾能力持续领先，新车周期强势开启，叠加渠 道变革和营销体系加强，公司销量有望加速提升。规模提升、平台和技术降本效果将进一步体 现，叠加软件盈利的商业模式拓展以及出海持续增长，公司财务有望持续改善。 分析师及联系人 [Table_Author] 高伊楠 张扬 SAC：S0490517060001 SAC：S0490524030004 SFC：BUW101 丨证券研究报告丨 请阅读最后评级说明和重要声明 %% %% %% %% research.95579.com 1 小鹏汽车-W（9868.HK） cjzqdt11111 [Table_Title 小鹏全新 P72]正式亮相，打造时尚科技 ...

天眼查App显示，近日，淮南宏构建材有限公司成立，法定代表人为平勇，注册资本100万人民币，经 营范围为一般项目：建筑材料销售；石灰和石膏销售；水泥制品销售；建筑防水卷材产品销售；砖瓦销 售；非金属矿及制品销售；汽车零配件批发；汽车零配件零售；充电桩销售；电池销售；电池零配件销 售；新能源汽车整车销售；蓄电池租赁；机动车修理和维护；五金产品批发；五金产品零售；安防设备 销售；润滑油销售；办公服务；办公用品销售；打字复印；日用百货销售；建筑装饰材料销售；物业管 理；技术服务、技术开发、技术咨询、技术交流、技术转让、技术推广；工程管理服务；城市绿化管 理；园林绿化工程施工；土石方工程施工；装卸搬运；道路货物运输站经营；国内货物运输代理；普通 货物仓储服务（不含危险化学品等需许可审批的项目）；停车场服务；电子过磅服务；广告制作；广告 发布；广告设计、代理；会议及展览服务；租赁服务（不含许可类租赁服务）（除许可业务外，可自主 依法经营法律法规非禁止或限制的项目）许可项目：道路货物运输（不含危险货物）（依法须经批准的 项目，经相关部门批准后方可开展经营活动，具体经营项目以相关部门批准文件或许可证件为准）。 ...

Core Viewpoint - The recent social media exchange between NIO's senior vice president and Li Auto's executives highlights the intense competition and rivalry in the electric vehicle market, particularly between the newly launched models, NIO's L90 and Li Auto's i8 [1][5][7]. Group 1: Company Competition - The launch of Li Auto's i8 and NIO's L90 has led to a public dispute, with both companies' executives engaging in a war of words over their respective vehicles' merits [5][7]. - Li Auto's i8 received nearly 6,000 pre-orders in its first week, while NIO's L90 achieved 1,976 deliveries within three days of its launch, indicating strong market interest in both models [8]. - The competitive landscape is further complicated by Li Auto's recent price adjustments, reducing the i8's price from 349,800 yuan to 339,800 yuan to counter NIO's lower-priced L90, which starts at 265,800 yuan [9][10]. Group 2: Market Dynamics - The rivalry is fueled by overlapping market positioning, as both models target similar consumer segments, leading to heightened scrutiny and comparisons [7]. - The ongoing disputes and public exchanges serve to draw consumer attention to both brands, potentially benefiting their sales despite the aggressive competition [7]. - NIO's financial struggles are evident, with a reported net loss of 6.891 billion yuan in the first quarter, emphasizing the pressure on the company to achieve sales targets with the L90 [10].