大家早上好！这里是今天的早报，每天早上，我都会在这里跟你聊聊昨夜今晨发生了哪些大事儿。 昨夜今晨 【特朗普称美国将"管理"委内瑞拉直至实施"安全"过渡】 据央视新闻，当地时间1月3日，美国总统特朗普就美国对委内瑞拉的军事行动举行新闻发布会。 特朗普称，美国将"管理"委内瑞拉直至实施"安全"过渡。他还表示，马杜罗及其妻子都将面临美国司法审判。 特朗普没有为美国的占领设定时间限制。他声称何时将委内瑞拉交还给委内瑞拉人，将由美国决定。 特朗普说，美国对委内瑞拉的石油禁运仍完全有效。特朗普称，"美国在西半球的主导地位再也不会受到质 疑"。 当地时间1月3日中午11时39分，北京时间今天（1月4日）凌晨0时39分，美国总统特朗普、国防部长赫格塞思 在佛罗里达州海湖庄园就美军对委内瑞拉动武、将委内瑞拉总统马杜罗控制并移送出境举行记者会。 【外交部发言人就美国对委内瑞拉实施军事打击答记者问】 外交部发言人就美国对委内瑞拉实施军事打击答记者问。 问：据报道，美国对委内瑞拉实施军事打击。特朗普在"真实社交"发文称，美国已成功对委内瑞拉及其领导人 马杜罗实施大规模打击行动，马杜罗及其夫人已被控制并移送出境。中方对此有何评论？ 答 ...

来源：中国基金报 【导读】雷军直播现场拆小米YU7，YU7拆至白车身，雷军直播回应"7000法务""不让农民卖小米""绿 化带战神"，冲上热搜！ 1月3日晚，小米创办人、董事长兼CEO雷军进行2026年的第一场直播。该直播以工程师现场拆解全新小 米YU7为主要形式展开，并回应了部分网络谣言，直面市场对汽车技术与安全的关切，全程持续4个多 小时，引发全网热议。"雷军直播"话题一度冲上热搜榜第四位。 直播的最后，雷军坦言，过去一段时间扑面而来的质疑，让他们有点懵。其中不少是恶意的抹黑，包 括"7000法务""不让农民卖小米""绿化带战神"等，甚至他自己发健身的微博也会被骂。网络尬黑也给他 造成了很大的心理阴影，因此他双手赞成打击整治黑水军，今年也将强化小米法务团队建设。 谈到2026年的计划，雷军表示，小米将聚焦三个方面。一是坚持技术立业，过去五年小米在技术研发上 差不多投了1050亿元，未来五年至少会投2000亿元。二是加大对大模型的投入，用AI全面赋能。三是 坚持为用户打造"人车家全生态"的体验，把产品做到极致。 此外，雷军还公布了三个目标：一是健身，今年将继续打卡100次。二是去年提到的学叉车因时间问题 未 ...

Core Viewpoint - The company, Luxshare Precision (002475), has issued a clarification regarding recent false rumors that have disrupted market perception, asserting that its core business operations are proceeding as planned without any abnormal situations affecting normal operations [1] Group 1: Business Operations - The company is deeply engaged in the high-end consumer electronics and smart terminal sectors, possessing vertical integration capabilities across multiple component categories, mature product engineering, and mass production experience [1] - Luxshare has a global production layout covering multiple regions, enabling it to provide stable, flexible, and high-quality manufacturing and supply support to various clients [1] Group 2: Technological Development - In the communications computing sector, the company is focused on four product lines: electrical connectivity, optical connectivity, thermal management, and power management, driven by technology [1] - The company is advancing its product development through a three-tier approach: applying current technologies, developing next-generation solutions, and conducting pre-research for future innovations [1] Group 3: Automotive Sector - The automotive segment focuses on core components such as wiring harnesses and connectors, while also expanding into system-level products for smart cockpits, assisted driving, smart chassis, and power systems [1] - Recently, the company completed the acquisition of Germany's Leoni, further enhancing its global production layout and advancing collaborations with global automotive brands, aiming to rank among the top ten global automotive parts suppliers [1] Group 4: Legal Stance - The company reserves the right to pursue legal action against any individuals or entities that fabricate facts, spread rumors, or maliciously damage its reputation [1]

Core Viewpoint - The company, Luxshare Precision (002475), has issued a clarification statement addressing recent false rumors that have disrupted market perception, asserting that its core business operations are proceeding as planned without any abnormal impacts on its normal operations and development [2]. Group 1: Business Operations - The company has a long-standing focus on high-end consumer electronics and smart terminal sectors, demonstrating vertical integration capabilities across multiple component categories, mature product engineering, mass production experience, and a global capacity layout [2]. - Luxshare Precision provides stable, flexible, and high-quality manufacturing and supply support to various types of clients, with its capabilities and layout validated by long-term industry chain experience [2]. Group 2: Technological Development - In the communications computing sector, the company is advancing in four product lines: electrical connectivity, optical connectivity, thermal management, and power management, driven by technology and supported by strong, implementable solutions [2]. - The company is collaborating with leading global clients, with business progress aligning with expectations [2]. Group 3: Automotive Sector - The automotive segment focuses on core components such as wiring harnesses and connectors, while also expanding into system-level products for smart cockpits, assisted driving, smart chassis, and power systems [2]. - Recently, the company completed the acquisition of Germany's Leoni, further enhancing its global capacity layout and advancing partnerships with global automotive brands, aiming to rank among the top ten global automotive parts suppliers [2]. Group 4: Legal Stance - The company reserves the right to pursue legal action against any individuals or entities that fabricate facts, spread rumors, or maliciously damage its reputation [2].

Core Viewpoint - Lixun Precision has issued a clarification regarding recent false rumors affecting its market perception, asserting that its core business operations are proceeding as planned without any abnormal situations impacting its normal operations [1][3]. Group 1: Business Operations - The company emphasizes that its core business is progressing smoothly and is on schedule, with no disruptions to its normal operations [1]. - Lixun Precision has a strong vertical integration capability in high-end consumer electronics and smart terminal fields, supported by mature product engineering and mass production experience [4]. - The company is actively exploring AI and hardware integration, with various product forms expected to emerge by 2026, although the final product forms are still in the exploratory stage [4]. Group 2: Partnerships and Developments - There were previous reports suggesting that OpenAI's first AI terminal hardware product was initially planned to be manufactured by Lixun Precision but has since been assigned to Hon Hai due to production location considerations [3]. - Lixun Precision has signed an agreement with OpenAI to develop a consumer-grade device that is currently in the prototype development stage, aiming for deep collaboration with OpenAI's AI models [3][4]. Group 3: Financial Performance - As of December 31, 2025, Lixun Precision's stock price was reported at 56.71 yuan per share, reflecting a decline of 2.34%, with a market capitalization of 413.2 billion yuan [5].

Industry News - In 2025, China is set to achieve multiple breakthroughs in manned spaceflight, deep space exploration, and commercial aerospace, with a record 92 launches planned for the year, marking a significant milestone for the country's space ambitions [1] - The number of approved innovative drugs in China reached 76 in 2025, significantly surpassing the 48 approved in 2024, with a total transaction value of over $130 billion in licensing deals, also a record high [2] - The artificial intelligence industry is transitioning from a "model-driven" approach to a "data-driven" model, as evidenced by the successful trading of a "bodily intelligence dataset" in Jiangsu Province [2] Company News - Luxshare Precision announced that it is currently operating normally and is not affected by any unusual circumstances, addressing recent rumors that have caused market confusion [4] - Xiaomi reported delivering 410,000 cars in 2025, with its factory in Yizhuang receiving 130,000 visitors for tours and experiences [4]

2026年港股和A股的布局策略怎么走？摩根大通，作为全球顶尖的投行，刚刚发布了最新的中国资产展望报告，发出了挺明确的信号：经济增长可能会慢一 些，但风险还是在可控范围内。沪深300指数将迎来第四波反弹潮，还有四个具有巨大潜力的主题值得重点留意。今天就带大家详细解析这份重量级的研 报，确保大家能理解明年的投资机遇在哪里！ 摩根大通判断，2026年中国经济将呈现"增长放缓但下行风险可控"的态势。这个"可控"并非空口白话，核心支撑来自三个关键维度： 政策支持的力度一直在加码，从之前稳定经济和股市的一连串措施来看，政策手段储备挺有底气，给市场搭了道稳妥的防护网。 新兴的生产力投入带来了明显推动，比如高端制造业和科技创新这些行业不断加码，正逐渐塑造出新的经济增长点。 这种反内卷的趋势下，出现了反弹式的增长，行业间的竞争格局也在重新调整，未来或许能挖掘出新的盈利空间。 经济基本面已有触底反弹的趋势，而摩根大通的中国宏观景气度指标（QMI）也成为一个关键的参考依据。这个指标被认为是"海外角度观察中国市场的晴 雨表"，涵盖了港股、中概股以及A股的核心企业。从数据上看，蓝色的QMI指数和黑色的MSCI中国指数的涨跌变化非常一致 ...

Group 1: Market Overview - The global wearable device market is expected to exceed $430 billion by 2025, with China leading the growth at over 20% [1][2] - The market is projected to reach a scale of over 600 billion yuan in China by 2026, with global shipments nearing 800 million units [1][2] - The growth is driven by health monitoring upgrades, 5G technology proliferation, and AI algorithm optimization [2] Group 2: Product Forms and Technological Innovations - Wearable devices are evolving from visible to "invisible" forms, with innovations in design and integration of health sensors [3] - The rise of smart rings, such as Samsung's Galaxy Ring, signifies a shift towards more discreet health monitoring solutions [3] - Flexible electronics technology is revolutionizing device forms, with companies like BOE producing ultra-thin flexible screens [6] Group 3: Application Scenarios and User Demands - The application scenarios for wearable devices are diversifying, expanding from health monitoring to medical intervention and smart home control [4] - Medical-grade features are becoming more prevalent, with a penetration rate exceeding 55% in health monitoring [16] - The demand for elderly care devices is increasing, with smart fall prevention products gaining traction in the market [17] Group 4: Competitive Landscape - The global wearable device market is characterized by a "three-legged" competition, with Chinese brands holding significant market shares [9] - Huawei leads the global market with a shipment of 28.6 million units, followed by Xiaomi and Apple [9][10] - In the Chinese market, Huawei, Xiaomi, and Little Genius dominate, with Huawei holding a 33.4% market share [10] Group 5: Future Market Trends - The global wearable device market is expected to continue growing, with shipments projected to exceed 850 million units by 2026 [12] - AI functionality penetration is anticipated to rise, with AI watches expected to exceed 25% market penetration by 2026 [12] - The Chinese wearable device market is forecasted to reach 600 billion yuan, with significant growth in medical-grade devices [13][14] Group 6: Key Brand Strategies - Huawei's strategy focuses on its HarmonyOS ecosystem and domestic chip breakthroughs, achieving significant market penetration [19] - Apple's differentiation lies in its high-end ecosystem and M-series chip advancements, maintaining a strong position in the premium market [20][21] - Xiaomi emphasizes high cost-performance and AIoT ecosystem integration, enhancing user experience through interconnected devices [23]

Core Viewpoint - The company, Luxshare Precision (002475), has issued a clarification regarding recent false rumors that have disrupted market perception, asserting that its core business operations are proceeding as planned without any abnormal situations affecting normal operations [1][2]. Group 1: Business Operations - The company emphasizes that its core business is progressing smoothly and as scheduled, with no impact on normal operations and development [2]. - Luxshare Precision has a strong focus on high-end consumer electronics and smart terminal sectors, showcasing vertical integration capabilities across multiple component categories and a mature product engineering and mass production experience [2]. - The company has established a global production capacity layout that supports stable, flexible, and high-quality manufacturing and supply for various clients, validated by long-term industry chain cooperation [2]. Group 2: Product Lines and Market Position - In the communications computing sector, the company is advancing in four product lines: electrical connections, optical connections, thermal management, and power management, with ongoing collaborations with leading global clients [2]. - The automotive segment focuses on core components such as wiring harnesses and connectors, expanding into system-level products for smart cockpits, assisted driving, smart chassis, and power systems, including a recent acquisition of Germany's Leoni to enhance global production capacity [2]. - The company aims to rank among the top ten global automotive parts suppliers through its partnerships with major automotive brands [2]. Group 3: Financial Performance - For the first three quarters of 2025, the company reported a revenue of 220.915 billion yuan, representing a year-on-year growth of 24.69%, and a net profit attributable to shareholders of 11.518 billion yuan, with a year-on-year increase of 26.92% [6]. - The company's stock price experienced a decline of 2.34% on the last trading day before the holiday, closing at 56.71 yuan per share, with a total market capitalization of 413.2 billion yuan [4]. - Throughout 2025, the company's stock price has risen nearly 40%, reaching a peak of 72.2 yuan per share, setting a new historical record [4].

关于近期不实传闻的澄清说明 近日，市场上出现涉及本公司的不实传闻，相关内容对市场认知造成干扰。 本公司特此郑重说明： 目前公司核心业务推进有序，按计划正常开展，不存在影响公司正常经营 与发展的异常情况。 本公司长期深耕高端消费电子与智能终端领域，具备多品类零部件的垂直整合能力、成熟的产品 工程与量产经验，以及覆盖多区域的全球化产能布局，能够为不同类型客户提供稳定、灵活且高 品质的制造与供应支持。相关能力与布局亦已获得产业链长期验证。 来源：立讯精密微信公众号 1月3日， "果链龙头"企业 立讯精密（002475）官方公众号发布澄清说明。立讯精密表示， 近日，市 场上出现涉及公司的不实传闻，相关内容对市场认知造成干扰。 公司特此郑重说明： 目前公司核心业 务推进有序，按计划正常开展，不存在影响公司正常经营与发展的异常情况。 立讯精密强调，公司将持续专注主业，以稳健经营和长期价值创造回馈客户、投资者及社会各 界。同时，对于任何捏造事实、散布谣言、恶意损害公司声誉的行为，公司将依法保留追究相关 法律责任的权利。 以下为全文： 本公司将持续专注主业，以稳健经营和长期价值创造回馈客户、投资者及社会各界。 同时，对于任何 ...