近日，极氪9X亮相2026国际消费电子展（CES 2026）现场。此前，极氪宣布与英国音响品牌Naim Audio（Naim音响）合作，为旗下豪华SUV旗舰车型极氪9X打造"Naim 殿堂之声音响系统"。此外，幕 后技术合作伙伴瑞声科技与Naim的深度协作，也成为此次关注的焦点。 三方联合声学团队将Naim的声音美学与瑞声科技的硬件创新融合，实现了车内声场的精准布局，共同 成就了极氪9X的"Naim 殿堂之声音响系统"。这种从硬件底层开始的协同，使极氪9X能准确呈现富有情 感张力的"Naim之声"，也展现出瑞声在声学工程领域的专业实力。 硬件创新遇上声音哲学，系统工程匹配执着追求。此次合作不仅是感性美学与理性工程的碰撞，更体现 了三家企业对完美声音体验的共同坚持，携手打造优质用户体验。 在极氪9X项目中，Naim团队全程参与系统架构到最终调音的完整流程，基于其独有的声音哲学，打造 出六种音效模式。瑞声科技则凭借深厚积累，为Naim定制开发符合其声学理念的核心方案，包括"M"型 钛膜高音单元、40通道功放、以及采用CDD技术的前舱重低音扬声器等关键部件，确保系统从硬件层 面即具备高性能输出。 ...

Core Viewpoint - The major shareholder, Shanghai Lingang Economic Development (Group) Co., Ltd., plans to reduce its stake in Shanghai Feilo Acoustics Co., Ltd. through a structured share reduction plan, which has been partially executed as of the announcement date [2][3]. Group 1: Shareholder's Basic Situation - Before the share reduction plan, Lingang Group held 154,991,178 shares, accounting for 6.18% of the total share capital of the company [1]. Group 2: Share Reduction Plan Details - Lingang Group intends to reduce its holdings by up to 29,639,778 shares, representing no more than 1.1823% of the total share capital, through both centralized bidding and block trading from August 27, 2025, to November 26, 2025 [2]. - The planned reduction includes a maximum of 25,070,280 shares through centralized bidding, which is up to 1% of the total share capital [2]. Group 3: Implementation Results of the Reduction Plan - As of the announcement date, Lingang Group has successfully reduced its holdings by 24,568,978 shares through centralized bidding, which is 0.98% of the total share capital, and did not execute any block trades [3][4]. - Following the reduction, Lingang Group now holds 130,422,200 shares, which is 5.20% of the total share capital [3].

Core Insights - The Bowers & Wilkins Zeppelin Pro, a new wireless Bluetooth speaker, has been launched as a limited edition in China, combining high-fidelity sound with innovative technology and design, redefining high-end audio standards [1] Technological Innovation - The Zeppelin Pro features a new 1-inch titanium dome tweeter from the 600 S3 series, enhancing high-frequency clarity and soundstage [4] - The midrange has been improved with a 3.5-inch FST midrange driver, incorporating acoustic PVA coating to reduce distortion and enhance vocal clarity [4] - The low-frequency response is driven by a long-throw 6-inch bass driver, capable of reaching down to 35Hz, supported by a total power output of 240W [4] - The speaker employs a "three-chamber" design to minimize interference between frequency bands, optimizing sound quality [6] Design Aesthetics - The Zeppelin Pro's design merges technology with aesthetics, featuring a new acoustic mesh that enhances sound penetration and reduces resonance [7] - Available in Space Grey and Solar Gold, the speaker is designed to complement various home decor styles, with customizable ambient lighting for a personalized experience [9] - The design eliminates the previous model's LED lights for a more direct Bluetooth control, maintaining a sleek silhouette that reduces cabinet resonance [11] Immersive Experience - The Zeppelin Pro supports multiple connectivity options, including AirPlay 2 and Bluetooth AptX Adaptive, allowing for high-resolution audio streaming [12] - It is adaptable to various environments, providing a wide soundstage for shared listening or a cozy atmosphere for private enjoyment [12] - The speaker can connect with other Bowers & Wilkins wireless products, creating a multi-room audio ecosystem [12] Legacy and Future - Since the launch of the first Zeppelin in 2007, the series has remained committed to "faithfulness to the original sound," marking the Zeppelin Pro as a culmination of technological advancements and a declaration for the future of wireless audio [14]

Group 1 - The company held an earnings briefing on September 19, where key executives, including the chairman and general manager, addressed investor questions [1] - The company aims to achieve a market value of 100 billion yuan and will continue to work towards this goal [1] - The company is currently focused on its core business of electronic sound production and is cautious about exploring new business areas such as AI-related collaborations [1] Group 2 - The company emphasized that market value management is closely tied to operational performance and will continue to strengthen its business foundation amid increasing competition in the audio industry [1] - The company has not engaged in hardware development collaborations with Tencent Cloud [1] - Future growth strategies may include reasonable use of mergers and acquisitions to enhance the company's market value [1]

Group 1: Company Goals and Market Position - The company aims to achieve a market value of 100 billion CNY, aspiring to become a leading brand in China and globally [1] - The management acknowledges the importance of enhancing the company's market value through solid business performance and strategic management [2] Group 2: Investor Engagement and Communication - Investors can contact the company through the investor hotline listed in the regular reports [1] - The company appreciates investor feedback and is open to suggestions for improving market value [2] Group 3: Business Strategy and Future Directions - The company will continue to focus on its core business of electronic sound production while cautiously considering new business opportunities [2] - There are currently no collaborations with Tencent Cloud for hardware development [2] - The company plans to leverage mergers and acquisitions to enhance its market value while solidifying its business foundation [2]

Core Viewpoint - Guangzhou is leveraging standardization to enhance the quality and competitiveness of its enterprises, transforming them from industry participants to leaders in setting standards and driving industrial upgrades [2][3]. Group 1: Standardization Initiatives - A total of 1,522 enterprises in Guangzhou have completed benchmarking, with 370 corporate standards recognized as "leaders" [2]. - The implementation of the "Enterprise Standard Leader" system has spurred companies to actively declare and publish their standards [3]. - Guangzhou enterprises are increasingly becoming the first to adopt new standards, showcasing their innovation and leadership in various sectors [3]. Group 2: Investment in Standardization - Companies are investing over 3% of their revenue into standardization efforts, creating a closed-loop mechanism from market demand research to industrial application [5]. - Guangzhou Aotong Electric Wire and Cable Co., Ltd. has successfully transformed from a follower to a leader by adopting a "standard matrix" strategy, resulting in a significant increase in annual output value and product profit margins [5]. Group 3: Government Support - The Guangzhou Municipal Market Supervision Administration has established a standardization service station to provide technical support and training for private enterprises [7]. - Financial support is being offered to enterprises participating in standardization efforts, with specific funding amounts allocated for various standard-setting activities [8]. - The collaboration between government and private enterprises aims to promote "Guangzhou standards" nationally and globally, contributing to high-quality economic development in the Guangdong-Hong Kong-Macao Greater Bay Area [8].

Group 1 - Elon Musk criticized the Republican Party's "Big and Beautiful" bill, claiming it would increase the debt ceiling by a record $5 trillion, and suggested the need for a new political party that genuinely cares for the people [1] - Moore Threads' IPO application for the Sci-Tech Innovation Board has been accepted, aiming to raise approximately 8 billion yuan for the development of AI training chips and graphics chips [1] - Baidu has officially open-sourced the Wenxin large model 4.5 series, which includes 10 models with varying parameters, available for deployment on platforms like PaddlePaddle and HuggingFace [2] - Huawei announced the open-sourcing of the Pangu 7B dense model and the 72B mixed expert model, along with the inference technology based on Ascend [3] - Meta's CEO Mark Zuckerberg announced a major restructuring of the AI team, creating a "Super Intelligence Lab" to consolidate various teams focused on foundational AI research and open-source projects [4] Group 2 - Apple is reportedly considering abandoning its in-house AI models in favor of using AI technologies from Anthropic or OpenAI for the new version of Siri [5] - Analyst Ming-Chi Kuo provided a roadmap for Apple's "Apple Vision" series and smart glasses, indicating no new head-mounted devices will be launched in 2026, with multiple products expected starting in 2027 [6] - Tesla's sales in the EU have significantly declined for three consecutive months, with a 36% drop in new car registrations in March, leading to a 45% decrease in first-quarter sales [7]

Group 1 - The founder and CEO of Cat King Audio, Zeng Dejun, addressed the recent controversy with Xiaomi's Lei Jun, stating that this would be his final response to the matter [1][2] - Zeng expressed that he felt pressured by public relations and acknowledged that his previous video led to significant backlash and personal attacks, which he did not anticipate [1][6] - He emphasized the importance of returning to his core values as an entrepreneur and focusing on product innovation and quality, reflecting on the lessons learned from this incident [2][6] Group 2 - Zeng's initial video criticized Lei Jun, which has since been deleted, and he later clarified that the media misinterpreted his comments, leading to unnecessary trouble for Xiaomi [6][1] - Following the controversy, Xiaomi's Wang Hua reached out to Shunwei Capital to understand the situation better and responded to the incident [6]

Core Insights - A Shenzhen-based audio company, with over 30 years in foreign trade, is shifting focus to the domestic market due to significant tariff increases, leading to new collaborations and product launches [1][2] - The partnership between Chen Weisong's company and Beijing's He Weiwei aims to develop high-quality audio-visual products that meet domestic standards, addressing the long-standing issue of "strong visuals but weak audio" [2][3] - The company has successfully released its first generation of products and is ramping up production, while also fulfilling previously stalled orders from the U.S. market [2][3] Company Overview - Chen Weisong's company has evolved from a small stall in Huaqiangbei to a significant player with over 200 patents, adapting to market changes by diversifying its export markets [1] - The company reduced its reliance on the U.S. market to 20% of its exports, while still achieving over a million units shipped annually [1] - The recent tariff hikes led to a backlog of 3 million yuan worth of goods, prompting a strategic pivot to domestic partnerships [1] Industry Trends - The domestic demand for audio products is increasing, leading to a more segmented industry with faster updates in new materials and technologies [2] - The collaboration between Chen Weisong and He Weiwei reflects a broader trend of "export to domestic sales," showcasing the resilience and adaptability of Chinese manufacturing under pressure [3] - The expectation is for domestic sales to grow to 20-30% this year, with aspirations for a balanced approach between domestic and international markets in the future [3]

Group 1 - The 2025 Beijing International Music Life Week will commence on May 29, featuring the 5th Beijing International Audio Exhibition from May 29 to June 1, lasting four days [2][3] - The theme of this year's exhibition is "Music Without Boundaries, Life with Sound," aiming to provide high-quality music cultural experiences through cutting-edge audio-visual experiences and various activities [2][4] - The exhibition will showcase over 1,000 brands of high-end audio products from more than 170 global manufacturers, including both international brands like ATC and dCS, and domestic brands such as Yinshi and Hivi [4] Group 2 - The event will include a variety of activities such as product launches, music appreciation, and master classes, contributing cultural depth to the music industry [5] - Notable industry figures, including composers and sound engineers, will participate in master classes to discuss audio technology principles and the integration of art and life [5] - The Beijing Music Industry Park has introduced a unique subsidy policy called "Yuan Subsidy," aimed at stimulating the consumer audio market by offering a 5% discount on qualifying products priced over 1,000 yuan [6]