刘元海判断，2025年有可能是国内汽车智能驾驶爆发的元年。"如果参考当年新能源汽车电动化的行 情，那么未来两到三年，汽车智能驾驶可能是比较好投资机会，并且当前A股市场汽车智能化核心公司 估值处在历史相对较低位。" 他还认为，AI手机、AR眼镜产业爆发有可能在2026年，当前可能是比较好战略布局时点。如果2026年 AI人形机器人进入规模量产，那么AI人形机器人可能会进入业绩驱动的行情，或是一个比较大的机 会。 中证报中证报讯(记者魏昭宇)近日，A股市场行情火热，以AI为代表的科技表现相对亮眼。东吴基金权 益投资总监刘元海认为，参照PC互联网时代以及移动互联网时代科技股行情表现，以人工智能为核心 驱动力的本轮科技股行情持续时间和空间或都值得期待，未来3-5年仍然看好人工智能时代科技股投资 机会。 刘元海对今年下半年乃至2026年A股市场行情比较乐观，认为市场有望震荡上行。由于当前我国宏观经 济处在低利率环境下，价值股有望成为A股市场的"稳定器"，而成长方向如AI、创新药等发展空间相对 比较大，进攻性或更强。A股市场或有望形成"价值股搭台，成长股唱戏"的格局，市场不同风格轮动演 绎，有望驱动A股市场震荡上行。 刘 ...

Group 1 - The core point of the article is that Haon Automotive Electronics (301488.SZ) is initiating shareholder reward activities to celebrate its second anniversary of listing, joining other companies in various industries that have conducted similar initiatives [1][2]. - The reward activities include two options for shareholders: claiming exclusive product gift boxes and participating in an offline open day visit to the company [1][2]. - Shareholders must register with the China Securities Depository and Clearing Corporation in Shenzhen between July 4 and July 20 to participate in the activities [1][2]. Group 2 - The gift box for shareholders is expected to contain Bluetooth earphones, although the specific value is not disclosed [2]. - The company emphasizes that shareholders need to hold their shares for a certain period to facilitate bulk verification, discouraging short-term trading [2]. - Haon Automotive Electronics specializes in the research, design, manufacturing, and sales of automotive intelligent driving systems, providing comprehensive solutions for vehicle manufacturers [2]. Group 3 - A total of 15 listed companies have conducted shareholder reward activities this year, with notable participation from the food and beverage, film, tourism, and biopharmaceutical industries [2][3]. - Specific reward criteria are established for cinema companies, where shareholders receive different numbers of movie tickets based on their shareholding amounts [3].

Core Points - The company is holding its 2024 Annual General Meeting to discuss various proposals, including financial reports and profit distribution plans for 2025 [1][5][12] - The company reported a revenue of RMB 423.44 million for 2024, a year-on-year increase of 20.36%, but incurred a net loss of RMB 46.74 million, which is a decrease of RMB 30.73 million compared to the previous year [30][31] - The company plans to apply for a comprehensive credit limit of up to RMB 1.6 billion for 2025 to support its financing and operational needs [9][10] Meeting Procedures - The meeting will only allow shareholders, representatives, and invited personnel to enter, ensuring order and seriousness [2][3] - Shareholders must sign in 30 minutes before the meeting and present necessary identification to participate [2][3] - Voting will be conducted through both on-site and online methods, with results announced after the meeting [4][12] Financial Proposals - The company proposes not to distribute cash dividends for 2024 due to its ongoing investment in R&D and fixed assets, with a total of RMB 7.60 million allocated for share buybacks [7][8] - A proposal to authorize the board to determine the mid-term profit distribution plan for 2025 based on the company's profitability and funding needs [12][13] - The board seeks authorization to issue shares to specific investors, with a total financing amount not exceeding RMB 300 million [11][14] Operational Insights - The company is focusing on enhancing its governance structure and operational efficiency to support sustainable growth [25][26] - It aims to strengthen customer relationships and expand its market share while managing costs effectively [25][26] - The company plans to invest in talent development and improve internal management to enhance overall performance [25][26]

Core Viewpoint - The investment enthusiasm for artificial intelligence (AI) continues to rise, with notable fund managers increasing their allocations in AI-related industries, particularly in humanoid robots and intelligent driving sectors, as well as leading internet and computer companies [1]. Group 1: Investment Trends - Fund managers such as Zhou Weiwen, Zhao Yi, and Liu Yuanhai are significantly increasing their investments in the AI sector, focusing on various applications and technologies [1][2][4]. - Zhou Weiwen's funds have a total management scale exceeding 30 billion yuan, with a focus on manufacturing and information technology, including investments in humanoid robots and AI applications in education and gaming [2]. - Zhao Yi's fund, with a net asset value of 92.58% in stocks, emphasizes high-end manufacturing and internet companies, with a notable portion in Hong Kong stocks [4][5]. Group 2: Sector Performance - The insurance industry is entering a recovery phase, with improved investment returns and optimized liabilities, leading to increased holdings in top insurance companies [3]. - The shipbuilding and chemical industries are experiencing a decline, prompting a reduction in exposure to these sectors due to their high economic cycle dependency [3]. Group 3: Future Outlook - Liu Yuanhai predicts that 2025 will be a pivotal year for the intelligent driving industry in China, with an expected rapid increase in the penetration rate of advanced intelligent driving systems in passenger vehicles [7][8]. - The AI sector is anticipated to continue its rapid development, with a focus on advanced models and applications, remaining a key investment theme in the A-share market [8].