我们不是资讯的搬运工 而是有态度的发现者 | 品种 | 收盘 | 涨跌幅 | 品種 | 收盘 | 涨跌幅 | | --- | --- | --- | --- | --- | --- | | 上证指数 | 3839.76 | -1.95% | 上证当月连续 | 2983.0 | -1.16% | | 深证成指 | 12688.94 | -3.04% | 沪深当月连续 | 4539.6 | -1.55% | | 创业板指 | 2935.37 | -3.36% | 恒生期货指数 | 32569.04 | -2.62% | 万和财富早班车 2025年10月20日 宏观消息汇总 1。财政部：前三季度，全国一般公共预算收入同比增长0.5%, 支出同比增长3.1%，证券交易印花税同比增长103.4% 2.中国人民银行宏观审慎管理局负责人表示，进一步推动金融 市场高水平双向开放，吸引更多境外机构有序投资境内市场 3。财政部等三部门：11月1日起纳税人销售自产的利用海上风 力生产的电力产品， 增值税即征即退50% 二、行业最新动态 3。景嘉微(300474)：苍穹数码签署战略合作协议，基于JM11芯片 联合打造"国产GPU+国 ...

10月17日，保时捷公司监事会宣布任命迈克尔·莱特斯博士（Dr. Michael Leiters）为首席执行官，任命 自2026年1月1日起生效。同时，保时捷表示，领导公司十年之久的首席执行官奥利弗·布鲁姆博士（Dr. Oliver Blume）将继续担任大众汽车集团首席执行官。 特斯拉：ISS再次完全忽视了投资和治理的基本要点，请支持特斯拉 当地时间10月17日，特斯拉在社交平台针对ISS建议股东否决埃隆·马斯克薪酬方案事宜发文回应："ISS 再次完全忽视了投资和治理的基本要点。 他们反对股东已投票通过的薪酬方案（而且埃隆已经赚得这 些薪酬），以及2025年首席执行官绩效奖励（埃隆只有在股东获得巨大回报的情况下才会得到任何奖 励）。 ISS对Ira（指董事会成员Ira Ehrenpreis）提出的毫无根据和荒谬的反对意见充分说明他们与现实 脱节有多严重。作为特斯拉任期最长的独立董事，Ira建立了一个治理框架，使得特斯拉在他的领导下 实现了大约39,000%的惊人总股东回报（TSR）。 他体现了我们高参与度的董事会——具备实地领导能 力和有效的治理，专注于长期价值。 ISS可以轻松告诉别人该如何投票，因为他们 ...

Market Overview - The trade tensions have eased, leading to a rebound in U.S. stock markets, with major indices rising over 1% for the week. The S&P 500 increased by 0.53%, the Dow Jones by 0.52%, and the Nasdaq by 0.52% [1] - Regional bank stocks rebounded, with the regional bank index rising nearly 2%. Zions and Western Alliance banks, which had previously dropped due to bad debt concerns, saw increases of nearly 6% and over 3% respectively [1] - The chip index halted a two-day rise but gained nearly 6% over the week. Oracle's stock fell nearly 7% after a previous day of gains [1] Currency and Commodity Trends - The U.S. dollar index fell for three consecutive days before rising again, while the offshore RMB briefly rose above 7.12, reaching a three-week high [2] - Oil prices ended a three-day decline but still fell over 2% for the week, marking three consecutive weeks of losses [3] - Gold prices experienced volatility, with spot gold dropping over 3% after reaching new highs, while silver saw a near 7% drop at one point. Gold still managed to rise for nine consecutive weeks, with futures up over 5% for the week, marking the largest weekly gain in nearly five months [1] Corporate Developments - NVIDIA's market share in the high-end chip market in China has dropped from 95% to 0%, with reports indicating Micron's exit from the Chinese server chip business [5] - Chery announced the launch of a solid-state battery module with an energy density of 600Wh/kg, which could enhance vehicle range to 1200-1300 kilometers [11][12] Policy and Economic Measures - The Chinese government is focusing on logistics cost reduction and enhancing the integration of artificial intelligence with logistics systems, as discussed in a recent State Council meeting [10][11] - The Ministry of Commerce and other departments released guidelines to promote high-quality development in the accommodation industry, emphasizing brand building and technological upgrades [12] Financial Performance - Several companies reported significant profit increases: - Sitoway's net profit for the first three quarters is projected to be between 656 million and 736 million yuan, a year-on-year increase of 140% to 169% [16] - China Life's net profit for the first three quarters is estimated at approximately 156.79 billion to 177.69 billion yuan, reflecting a growth of about 50% to 70% [16] - Zijin Mining reported a net profit of 37.864 billion yuan for the first three quarters, a year-on-year increase of 55.45% [18]

容百科技：业内最早一批针对全固态电池开发高能量密度富锂锰基材料的企业。 天华新能：公司合作开展固态与半固态电池材料体系以及高能量密度富锂锰基等正极材料的研发。 *免责声明：文章内容仅供参考，不构成投资建议 *风险提示：股市有风险，入市需谨慎 据智通财经报道，10月18日，奇瑞汽车在2025奇瑞全球创新大会上展出全固态电池模组，该电池采用原 位聚合体系固态电解质、富锂锰正极材料等技术，电芯能量密度高达600Wh/kg，续航里程将提升到 1200-1300公里。 国泰海通指出，富锂锰基（LRM）正极由层状Li2MnO3与层状LiMO2（M=Ni，Co，Mn或任意组合） 按不同比例形成的固溶体，理论克容量可达320mAh/g，电压平台3.7V-4.6V，克容量和电压平台均显著 高于传统三元和磷酸铁锂正极材料，是全固态电池可选用的理想正极材料。在成本上，富锂锰基原材料 成本比三元低约15-20%，瓦时成本接近磷酸铁锂。 浙商证券也表示，富锂锰基是正极材料圣杯，正处实验室向产业化的0-1节点，预计2030年后规模化应 用，头部正极公司前瞻布局，积极送样全固态电池开发。 公司方面，据上市公司互动平台表示， ...

据第三方机构EVTank预测，2030年，全球固态电池出货量将达614.1吉瓦时，渗透率突破10%，市场规模超过2500亿元。全球头部企业普遍规划于2027年实现全固 态电池小规模量产，2030年进入规模化应用阶段。 近日，10月8日， 丰田汽车 全球官网发布消息称，住友金属矿山株式会社与丰田汽车就量产用于纯电动汽车（BEV）的全固态电池正极材料达成合作协议，双方 将通 过此次合作推进研发进 程。 国内上市公司在固态电池领域最近也有积极进展。 亿纬锂能 "龙泉二号"10Ah全固态电池下线，能量密度达到300Wh/kg； 孚能科技 的全固态电池能量密度可达 400Wh/kg—500Wh/kg，均远超当前在售锂电池的水平； 国轩高科 首条全固态中试线已正式贯通，金石全固态电池目前处于中试量产阶段。 版权说明 ：本文素材和图片来自网络公开信息，本平台发布仅为了传达一种不同观点，不代表对该观点赞 同或支持。如果有任何问题，或进交流群，请联系 15355132586 （微信号：dtmaterial）。 【DT新材料】 获悉， 10月18日， 奇瑞汽车 在2025奇瑞全球创新大会上展出全固态电池模组，该电池采用 原位聚合 ...

（来源：价值研学社） 要说周五下跌的由头，最扎心的还是川子又来搞事。85名参议员要给老特授权，针对咱们买俄罗斯石油 这事，最高征500%关税。这消息一出来，量化机构的程序就跟打了鸡血似的，一顿猛砸；恐慌的散户 也跟约好了似的割肉；大兄弟也没出来拉一把，尾盘直接就泥沙俱下啦。 但恐慌到冰点的时候常有错杀。到了周五傍晚，剧情大反转！富时A50就跟打了鸡血似的直线往上冲， 美股更夸张，原本夜盘还在低谷趴着，后半夜跟开挂了一样，不仅把跌幅全补回来了，还涨多跌少。后 来媒体揭秘，原来是川子突然改口了，说说高关税不可持续，截止日能延迟。这老特的嘴啊，之前喊打 喊杀的，现在又说不可持续，不管他是真心还是假意，至少让市场情绪有了点缓和的预期。 5.奇瑞放大招，在全球创新大会上展出了全固态电池模组，电芯能量密度 600Wh/kg，续航1200-1300 公 里！这数据啥概念呀？现在主流的液态锂电池也就250-350Wh/kg，全固态直接翻倍，续航直接能 "充电 一次跨半个中国"。虽然量产可能还得等一等，但技术突破的信号够强，固态电池材料，比如电解质、 正极这些相关的公司，可能有修复机会。 6.人形机器人近期催化多。北京副中心发 ...

Group 1 - Renowned physicist and Nobel laureate Yang Zhenning passed away on October 18, 2025, in Beijing at the age of 103 [1] Group 2 - Wentech Technology responded to the complete interruption of system access for employees at its subsidiary, Anshi Semiconductor (China), stating that the specific reason is unclear and that some access has been restored [3] - The company is taking independent measures to ensure domestic supply chains are maintained for clients in China [3] Group 3 - Chen Zhen, a well-known car reviewer, explained the circumstances of a car accident he was involved in, attributing it to over-reliance on the vehicle's assisted driving features [3] - He emphasized the importance of understanding the limitations of such systems before use [3] Group 4 - Reports indicate that some users of the iPhone 17 Pro and Pro Max are experiencing color fading issues, particularly in the "Starry Orange" and "Deep Blue" colors [3] - Users speculate that UV exposure may be a contributing factor to the fading [3] Group 5 - Huawei's cloud computing BU faced accountability for business fraud and economic misconduct, resulting in the demotion of CEO Zhang Pingan and several other executives [6] - The company maintains a zero-tolerance policy towards fraudulent activities [6] Group 6 - BYD delivered its 100,000th new energy vehicle in Thailand, marking a significant milestone in its international expansion [6] Group 7 - Former COO of Zhiyuan AI, Zhang Fan, has launched a new startup focused on developing task-specific large language models and has completed an angel round of financing [8] - The startup aims to deepen AI technology integration in enterprise scenarios [8] Group 8 - Chery's chairman, Yin Tongyue, stated that the company's revenue from overseas markets is expected to surpass that from domestic markets in the future [9] - Chery is working towards enhancing its governance and operational standards to align with global market expectations [9] Group 9 - Apple plans to reduce production of the iPhone Air by approximately 1 million units due to underperformance in the market, while increasing production of other models [9] - The overall shipment forecast for the iPhone 17 series has been raised from 88 million to 94 million units [9] Group 10 - Porsche appointed Dr. Michael Leiters as the new CEO, effective January 1, 2026, while the current CEO, Dr. Oliver Blume, will continue to lead the Volkswagen Group [9] Group 11 - Reports from South Korea indicate that some Tesla vehicles are experiencing battery management system issues, limiting maximum charging capacity to around 50% [9] - The South Korean government is investigating the matter and may require Tesla to submit a corrective plan [9] Group 12 - NVIDIA announced the production of its Blackwell chips in the U.S., marking a significant milestone in domestic semiconductor manufacturing [9] Group 13 - AI music generation company Suno is negotiating a financing round that values the company at over $2 billion, quadrupling its previous valuation [10] - The company has achieved annual recurring revenue exceeding $100 million [10] Group 14 - Tianbing Technology has initiated the listing guidance process, indicating a move towards market-oriented and large-scale development in the commercial space sector [10] - The company recently completed a significant test of its rocket system, setting a domestic commercial launch thrust record [10] Group 15 - Chery showcased a solid-state battery module with an energy density of 600Wh/kg at its global innovation conference, promising an extended range of 1200-1300 kilometers [10] Group 16 - The user base for generative AI in China has surpassed 510 million, reflecting a significant increase in adoption [10] - The penetration rate of generative AI applications reached 36.5% as of June 2025 [10] Group 17 - Domestic coffee machine sales surged by 75.6% year-on-year from January to August 2025, driven by the growing coffee culture and government subsidies [10] - The coffee machine market in China is projected to reach a scale of 10.6 billion yuan by 2029, with an expected annual growth rate of 28% [10]

财经新闻 1. 10月18日，中国互联网络信息中心在2025（第六届）中国互联网基础资源大会上发布《生成式人工智 能应用发展报告（2025）》。报告显示，截至2025年6月，我国生成式人工智能用户规模达5.15亿人， 较2024年12月增长2.66亿人，用户规模半年翻番；普及率为36.5%。报告认为，国产生成式人工智能大 模型得到用户广泛青睐，并推动各种应用场景下的智能化改造升级。调查发现，超九成用户首选国产大 模型。生成式人工智能被广泛应用于智能搜索、内容创作、办公助手、智能硬件等多种场景，还在农业 生产、工业制造、科学研究等领域得到积极探索实践。 2. 全球财富管理论坛·2025上海苏河湾大会10月18日在上海静安区开幕。 金融监管总局副局长肖远企表示，科技与金融从来就是相辅相成，相互促进。在人类历史上，科技发展 都极大地推动了金融业的变革。随着大数据、互联网的兴起，金融运行成本大大节约，运行效率极大提 升，金融交易不再受时空约束。当前，以人工智能为代表的科技成果在金融领域已经开始广泛应用，可 以预期，对金融的促进与影响可能是重大而根本性的。 上交所副理事长霍瑞戎表示，近年来上交所注重投融资两端的协调发展 ...

经济观察网10月18日，奇瑞汽车在2025奇瑞全球创新大会上展出全固态电池模组，该电池采用原位聚合 体系固态电解质、富锂锰正极材料等技术，电芯能量密度高达600Wh/kg，续航里程将提升到1200-1300 公里。 ...