记者丨陈思琦 编辑丨孙超逸 抖音集团后海中心启用半年后，在深"第二总部"也提上日程。 1月5日，深圳市举行2026年项目建设现场推进会，集中开工222个新项目，总投资约1573.4亿 元。 21世纪经济报道记者注意到，南山区有30个项目同步开工，总投资达310亿元，位居全市各区 首位，其中包括了位于粤海街道的"泛视频类科技研发总部"。 据"创新南山"消息，该项目定 位为抖音第二总部，重点支撑抖音、今日头条等核心产品及支付等新业务的研发工作，同步建 设字节跳动AIlab研究中心、SaaS平台服务中心。 这并非抖音第一次在深圳拿地。2025年7月前后，抖音集团首个自持自建的区域总部——抖音 集团后海中心正式启用，承载公司在大湾区的业务管理、技术研发等核心职能。 "加码"深圳的还有源自瑞典的世界500强企业海克斯康（Hexagon），投资15亿元在龙华区建 设全球高端测量装备及传感器智造产业园。项目计划于2027年封顶，致力打造集双智赋能中 心、灯塔工厂、能源动力中心于一体的高端智造产业园，投产后预计五年内累计实现产值130 亿元。 数据显示，"十四五"期间深圳固定资产投资总额可达4.5万亿元、约为"十三五"的1. ...

抖音集团后海中心启用半年后，在深"第二总部"也提上日程。 1月5日，深圳市举行2026年项目建设现场推进会，集中开工222个新项目，总投资约1573.4亿元。 21世纪经济报道记者注意到，南山区有30个项目同步开工，总投资达310亿元，位居全市各区首位，其中包括了位于粤海街道的"泛视频类科技研发总部"。 据"创新南山"消息，该项目定位为抖音第二总部，重点支撑抖音、今日头条等核心产品及支付等新业务的研发工作，同步建设字节跳动AI lab研究中心、 SaaS平台服务中心。 这并非抖音第一次在深圳拿地。2025年7月前后，抖音集团首个自持自建的区域总部——抖音集团后海中心正式启用，承载公司在大湾区的业务管理、技术 研发等核心职能。 "加码"深圳的还有源自瑞典的世界500强企业海克斯康（Hexagon），投资15亿元在龙华区建设全球高端测量装备及传感器智造产业园。项目计划于2027年封 顶，致力打造集双智赋能中心、灯塔工厂、能源动力中心于一体的高端智造产业园，投产后预计五年内累计实现产值130亿元。 数据显示，"十四五"期间深圳固定资产投资总额可达4.5万亿元、约为"十三五"的1.5倍；实际利用外资近3000亿元。行 ...

3、公司研发投入情况如何？未来有何研发计划？ 2024 年和 2025 年前三季度，公司研发投入分别为 54,027.23 万元、38,750.27 万元，研发投入占营业收入的比例 分别为 16.47%、16.05%。未来，公司将密切关注行业发展动 态，保持高强度研发投入，对前沿技术进行前瞻性布局，不 断增强技术领先优势。 编号：2025-012 | | 特定对象调研 ☑ | □分析师会议 | | | --- | --- | --- | --- | | 投资者关系 | □媒体采访 | □业绩说明会 | | | 活动类别 | □新闻发布会 | □路演活动 | | | | □现场参观 | | | | | 其他 ☑ (电话会议) 远东宏信 王星 | | | | | 富国基金 李世伟 财通证券 杨博星 | | | | | 人保资产 孔文彬 | | | | 参与单位名称 | 景顺长城 陆哲皓 | | | | 及人员姓名 | 国海证券 刘熹 朱谞晟 | | | | | 博时基金 甘霖 谭苏翔 | 符昌铨 | | | | 天弘基金 王帆 张寓 | 申宗航 | | | | 东方红资管 刘中群 | 陆嘉余 廖嘉瑞 | | | ...

Core Viewpoint - The unusual voting scenario during the board meeting of Absen (300389.SZ) highlighted internal governance issues, with the chairman, Ding Yanhui, voting against his own re-election to signal the need for reform in the company's governance and compensation structure [2][3]. Group 1: Governance and Shareholding Structure - Ding Yanhui's dissenting vote was motivated by a desire to address the company's governance structure, which he believes is hindered by concentrated shareholding and unequal distribution of interests [3][5]. - The three founding shareholders, including Ding Yanhui, hold a significant portion of the company's shares: Ding holds 33.78%, while the other two founders hold 16.61% and 14.23%, respectively, leading to limited market participation from institutional investors [3][4]. - The concentrated ownership structure has resulted in decision-making inefficiencies, with major decisions potentially blocked by dissent from any of the three major shareholders [5]. Group 2: Compensation and Incentive Mechanisms - Ding Yanhui expressed dissatisfaction with the current compensation system, describing it as "unscientific and unreasonable," which has led to internal inequities in pay among employees [12][13]. - The company reported a significant increase in employee compensation, with total payable employee salaries reaching 156 million yuan, a 27.80% increase year-on-year, aligning with a 30.84% increase in net profit [10]. - Despite the increase in compensation, Ding Yanhui noted that the distribution mechanism has not kept pace with the company's growth, indicating a need for a more balanced approach to value creation among shareholders, the company, and employee incentives [10][11]. Group 3: Future Directions and Challenges - Ding Yanhui aims to establish a more modern and transparent board decision-making mechanism, emphasizing the importance of optimizing the shareholding structure as part of the reform process [6][11]. - The company is taking steps to address governance issues by hiring younger, highly educated professionals for key positions and engaging third-party consultants to revamp the compensation system [13]. - The internal conflict and governance challenges at Absen reflect broader issues faced by private enterprises in China as they transition towards modern governance practices [13].

丁彦辉也坦承：阻力太大，推不动啊！艾比森是三创始人打下来的江山，如今他们依然是前三大股东， 对于重大决策只要一人反对，直接搁浅。之前他曾给薪酬委员会写信反映问题，但最终石沉大海。 是不是听着就魔幻？理由更直白：对董事长薪酬不满意！吃瓜群众听后赶紧去翻账单：这位丁彦辉董事 长，2024年薪酬435万，比2021年涨了3倍多！这都不满意？网友瞬间炸锅：这是凡尔赛新姿势吗？ 但是别急，反转来了。公司立马澄清：是董秘"笔误"！丁彦辉本人也出来说：薪酬不满只是"表面理 由"，真正想说的，是藏在底下的大问题！ 原来这位丁董事长想改革公司的治理结构、利益分配和薪酬机制，还放话要"从自己开始"，口号都喊出 来了："给国家多交税，给员工多发钱"！画风瞬间从"个人抱怨"变成了"悲壮改革"。 但问题来了，既然是内部改革，关起门来讨论不行吗？干嘛非要公开唱这么一出"自我否决"的戏？ 董事长竟然自己否决自己连任？435万年薪还不满意？艾比森这场董事会大戏，藏着创始团队间的深层 博弈！ 各位，今天聊个董事会里发生的趣闻。在艾比森的董事会上，出现了戏剧性一幕：当审议到董事长丁彦 辉的连任议案时，这位公司的当家人，竟然自己否决了自己。 他甚 ...

艾比森董事长投票反对自己连任。 作者 | 于婞 编辑丨高岩 来源 | 野马财经 最近，上市公司艾比森(300389.SZ)董事长丁彦辉为薪酬亲自"造反"。 公告显示，11月28日，在艾比森第六届董事会第一次会议决议中，公司同意选举丁彦辉为公司第六届董 事会董事长，但丁彦辉本人却投出了全场唯一的一张反对票，反对理由为："对董事长岗位薪酬不满 意"。 告 截至12月2日，艾比森报收16.01元/股，总市值59亿元。 这位年薪435万元的创始人，为何在拿到看似丰厚的薪酬后依然选择"公开抗议"？ 01 因对薪酬不满意 图源：公 董事长上演"我反对我" 11月28日，艾比森第六届董事会第一次会议上，绝大多数议案获得全票通过，唯独在《关于选举第六届 董事会董事长的议案》上出现了戏剧性的一幕。 表决结果显示：8票同意，1票反对，0票弃权。投出反对票的正是被选举对象——公司创始人、实际控 制人丁彦辉本人。 按常理，上市公司董事长选举中，候选人通常会回避表决或投赞成票。艾比森的公告直接写明，丁彦 辉"对本议案投了反对票，反对理由：对董事长岗位薪酬不满意"。 这一罕见的公开表达不满的方式，立即引发了市场关注。丁彦辉不仅是艾比森的 ...

图源：公告 截至12月2日，艾比森报收16.01元/股，总市值59亿元。 最近，上市公司艾比森(300389.SZ)董事长丁彦辉为薪酬亲自"造反"。 公告显示，11月28日，在艾比森第六届董事会第一次会议决议中，公司同意选举丁彦辉为公司第六届董事会董事长，但丁彦辉本人却投出了全场唯一的一 张反对票，反对理由为："对董事长岗位薪酬不满意"。 这位年薪435万元的创始人，为何在拿到看似丰厚的薪酬后依然选择"公开抗议"？ 因对薪酬不满意，董事长上演"我反对我" 11月28日，艾比森第六届董事会第一次会议上，绝大多数议案获得全票通过，唯独在《关于选举第六届董事会董事长的议案》上出现了戏剧性的一幕。 表决结果显示：8票同意，1票反对，0票弃权。投出反对票的正是被选举对象——公司创始人、实际控制人丁彦辉本人。 按常理，上市公司董事长选举中，候选人通常会回避表决或投赞成票。艾比森的公告直接写明，丁彦辉"对本议案投了反对票，反对理由：对董事长岗位 薪酬不满意"。 这一罕见的公开表达不满的方式，立即引发了市场关注。丁彦辉不仅是艾比森的创始人，更是持有公司33.78%股份的实际控制人。 图源：天眼查 公开数据显示，丁彦辉2024 ...

Core Viewpoint - The chairman of Aibisen, Ding Yanhui, voted against his own re-election due to dissatisfaction with his salary, which has seen significant increases over the years [2][5][20]. Group 1: Chairman's Salary and Voting - Ding Yanhui cast the only dissenting vote against his re-election as chairman during the board meeting on November 28, citing dissatisfaction with the chairman's salary [2][5][21]. - His pre-tax salary for 2024 is reported at 4.36 million yuan, ranking 135th among over 5,000 A-share companies [7][23]. - From 2020 to 2024, his salary increased nearly sixfold, from 730,000 yuan to 4.36 million yuan, with a 51% increase from the previous year [7][23]. Group 2: Shareholding and Personal Financial Needs - Ding Yanhui holds a 33.78% stake in Aibisen and has announced plans to reduce his holdings by up to 3% due to personal financial needs [5][10][26]. - His entrepreneurial journey began in 1996, leading to the establishment of Aibisen, which has since expanded into international markets [10][28]. Group 3: Company Performance and Challenges - Aibisen's main business involves the R&D, production, and sales of LED displays, but it is currently facing challenges with declining sales prices and volumes [15][31]. - The average sales price of LED displays dropped from 123,000 yuan per square meter in 2022 to 99,200 yuan in 2024, with sales volume decreasing from 373,800 square meters to 355,800 square meters [15][31]. - The company's revenue for 2024 is projected at 3.663 billion yuan, an 8.58% year-on-year decline, with net profit down 62.98% [15][31]. Group 4: Strategic Adjustments - Aibisen is undergoing strategic adjustments, focusing on high-value clients and cutting low-margin, long-term businesses starting in the second half of 2024 [15][31]. - The company maintains a light asset operation model with fixed assets around 600 million yuan, significantly lower than competitors [16][32]. - In Q3 2023, Aibisen reported a revenue of 1.053 billion yuan, a 14.5% increase year-on-year, and a net profit of approximately 69.05 million yuan, up 138.55% [31][32].

Core Viewpoint - The global LED display industry is entering a complex and dynamic development phase, presenting unprecedented opportunities and challenges for companies [2][3]. Group 1: Technological Opportunities and Challenges - The primary opportunity and challenge stem from the choice and breakthrough of technological routes, particularly in response to the explosion of ultra-high-definition display demand. Companies must face the core issue of achieving continuous pixel pitch reduction at lower costs and higher yields [2]. - COB (Chip on Board) and MIP (Micro LED Integrated Package) packaging technologies are gaining attention. COB technology is recognized for its advantages in protection and integrated black screen effects, while MIP aims to find a new balance between display quality, cost control, and production efficiency [2][3]. - The evolution of these technologies and their performance in different application scenarios directly impacts companies' product strategies and market competitiveness [2]. Group 2: Market Expansion and Compliance Development - Advances in LED display technology have broadened application boundaries, extending from traditional fields like outdoor advertising and sports venues to emerging markets such as corporate meetings, security monitoring, smart education, virtual shooting, and AR/VR [2]. - However, rapid market growth is accompanied by issues such as product homogenization, price wars, and lack of standards. Companies face the challenge of meeting diverse and customized demands while ensuring product reliability and safety, achieving high-quality development under compliance [2][3]. Group 3: Global Macro Market Opportunities and Challenges - Global economic fluctuations, regional supply chain restructuring, and changes in the international trade environment add uncertainty to the overseas expansion of LED display companies [3]. - Companies must navigate demand differences, cultural backgrounds, and entry standards across different regional markets, which raises the bar for their global operational capabilities [3]. - Identifying growth points and avoiding potential risks in a complex international environment requires a more macro and comprehensive industry insight [3]. Group 4: Upcoming Industry Event - On October 30, TrendForce will host the 2025 Self-Luminous Display Industry Seminar in Shenzhen, featuring a keynote report on global LED display market opportunities and challenges by TrendForce's research director [4]. - The event will gather industry leaders from companies like TCL Huaxing, BOE, and others to discuss the future of display technology [4].

Core Viewpoint - The article discusses the launch of the Honor Magic 8 and Magic 8 Pro smartphones, highlighting their advanced features, specifications, and pricing. Group 1: Product Features - Honor Magic 8 features a 6.58-inch 1.5K LTPO flat display with ultra-narrow bezels, while Magic 8 Pro has a 6.71-inch new depth-curved display [2] - Both models utilize a new material device system from Visionox, which reduces harmful blue light and includes multiple Demura solutions for eye protection [4] - The peak brightness of the displays can reach 6000 nits, with a minimum brightness of 1 nit [4] - The entire series is powered by the fifth-generation Snapdragon 8 processor, built on TSMC's third-generation 3nm process, achieving a 10% reduction in power consumption for the same performance [4] - The camera setup includes a triple-camera system with a 50MP main camera and a 64MP periscope telephoto lens for the standard version, while the Pro version features a 200MP periscope telephoto lens [4] Group 2: Battery and Charging - The Honor Magic 8 series is equipped with the fourth-generation Qinghai Lake battery, utilizing 15% silicon-carbon anode technology [4] - The Magic 8 has a battery capacity of 7000mAh, supporting 90W wired and 80W wireless fast charging, while the Pro version has a 7200mAh battery with 120W wired and 80W wireless fast charging capabilities [4] Group 3: Pricing - The pricing for the Honor Magic 8 series is as follows: - Magic 8: - 12GB RAM + 256GB ROM: 4499 CNY - 12GB RAM + 512GB ROM: 4799 CNY - 16GB RAM + 512GB ROM: 4999 CNY - 16GB RAM + 1TB ROM: 5499 CNY - Magic 8 Pro: - 12GB RAM + 256GB ROM: 5699 CNY - 12GB RAM + 512GB ROM: 5999 CNY - 16GB RAM + 512GB ROM: 6199 CNY - 16GB RAM + 1TB ROM: 6699 CNY [5]