证券日报网讯1月9日，格力博（301260）在互动平台回答投资者提问时表示，公司招聘机械设计工程 师，核心是为现有UTV、卡丁车等产品的结构优化、多场景适配提供技术支持，提升产品在复杂地形 的实用性与可靠性。这是对公司现有产品的技术补强，未来将结合市场需求与技术积累，探索相关技术 的其他更多应用可能。 ...

01：村GT狂飙 世界上最大的州——贵州！ 虽说这是互联网上的玩笑话，可全中国最有活儿的州，莫过于贵州了。 因为继村超之后，贵州作为强势版本又推出了"村GT赛车"，中国人自己的《速度与激情》来了。 都先不用说这是啥比赛，光是"合法飙车+警车开道"就足够颠覆中国人对国内赛车竞速的认知。 相比传统意义上的封闭赛场，或者野外赛道，"村GT赛事"的所有赛道全部为清场后的现实路段，主打一个沉浸式。 以前玩《极品飞车》时在闹市区飙车，路人在旁边齐刷刷围观的游戏场景，现在全部照进了现实。 油门猛轰，漂移随意。 不管是"合法炸街"也好，还是"自由上路"也罢，在城区赛车的无敌氛围，是封闭赛场永远无法共情的遗憾。 你要问交警叔叔怎么看？ 110："飙车啥的没看到，因为头车就是我"。 更何况所有赛道路段，都有专门的帽子叔叔负责执勤。 不过很多时候，叔叔们不仅执勤，还会忍不住把手机掏出来拍拍拍，帅，是真的。 内心：我也想开 一切合法，一切合规。 交警抓车的肌肉记忆都安抚好了，剩下的一切自然是可劲儿造。 闹市区内，"村GT"在赛道两旁提供了足够多的观众区，还在核心赛道边上插了火把，放了烟花，能忍住不出门看的，基本可以确诊为植物人了。 ...

6 证券研究报告 点评报告 2026 年 1 月 6 日 晨会纪要 核[心Ta观bl点e_：Summary] 一、产业综合组： 1 月 5 日美国 CES 展开始举行，英伟达 CEO 黄仁勋在 CES 演讲上展示了英伟达新一 代 AI 平台 Rubin，其中 Rubin GPU 芯片搭载第三代 Transformer 引|擎，FP4 推理 算力 50PFLOPS，是 Blackwell 的 5 倍。黄仁勋表示 Rubin 平台已进入全面生产阶 段，产品将于 2026 年下半年面市，表明下一代的 AI 芯片进展正常。除了 AI 芯片 外，本届 CES 展的主要技术动态还包括英伟达、高通都发布了机器人芯片套件， 谷歌下属的 Deep Mind 公司也与波士顿动力的 Atlas 人型机器人合作，因此我们 认为黄仁勋所说的机器人领域已经迎来"ChatGPT"时刻的正确性很高，继续看好 今年芯片、人工智能和机器人的产业景气度提升。 1 月 5 日中国证监会召开资本市场财务造假综合惩防体系跨部门工作推进座谈会。 证监会主席、最高人民法院、最高人民检察院、国家发展改革委、公安部、司法 部、财政部、中国人民银行、国务院国资委 ...

Core Insights - The sports economy in Shenzhen is experiencing significant growth, with a 14.6% increase in cultural, sports, and entertainment sales revenue year-on-year, and a 21.1% increase specifically in the sports sector [1] - The city is leveraging high-profile sports events and technological advancements to enhance its sports economy, aiming to become an internationally recognized sports city [1][3] - Shenzhen's sports industry output has surpassed 200 billion yuan, indicating a robust economic impact [11] Sports Events and Economic Impact - Shenzhen is actively attracting high-profile sports events, with over 300 large-scale sports events expected to be held this year [2][3] - The successful hosting of events like the Women's Asian Cup and the International Ice Hockey Federation Women's World Championship has contributed to a vibrant sports culture [3] - The integration of sports with tourism and other sectors is creating new consumption scenarios and economic value [12] Taxation and Compliance Support - The Shenzhen tax authorities are providing tailored support to sports clubs and event organizers, helping them navigate tax compliance and optimize their tax benefits [4][6] - Digital tools such as "DingTalk invoice verification" have been introduced to enhance tax risk management for sports organizations [5] - Tax incentives have resulted in significant savings for companies, with one club reporting a tax reduction of approximately 850,000 yuan [5] Consumer Spending and Market Trends - The average per capita sports consumption in Shenzhen has exceeded 4,000 yuan, reflecting a growing interest in sports and fitness among residents [7][8] - The rise of smart sports equipment and outdoor activities is expanding the market for sports consumption [8][9] - Companies in the sports sector are increasingly focusing on innovation and compliance to enhance their market competitiveness [10] Infrastructure and Development - By the end of 2024, Shenzhen is expected to have over 46,000 sports venues, significantly above the national average [6] - The development of sports infrastructure is closely tied to urban planning, enhancing the overall quality of life and promoting sports participation [6] Integration of Sports and Other Industries - The fusion of sports with cultural and tourism sectors is creating a comprehensive ecosystem that drives economic growth [12][14] - Events are boosting local businesses, with significant increases in revenue reported by restaurants and hotels during major sports events [13][14] - The establishment of a "green channel" for tax services is facilitating smoother operations for export-oriented sports goods companies [10]

Core Insights - Shenzhen's cultural, sports, and entertainment industry saw a 14.6% year-on-year increase in invoiced sales from January to October, with the sports sector growing by 21.1% [1] - The upcoming 15th National Games and high-profile sports events are driving consumer demand for sports entertainment and health [1] - Shenzhen's sports industry output has surpassed 200 billion yuan, with plans to be recognized as one of the 30 cities promoting sports consumption and event economy by 2025 [1] Group 1: Sports Events and Economic Impact - Shenzhen is expected to host over 300 large-scale sports events this year, enhancing its reputation in the sports economy [3] - The establishment of the Kunlun Hongxing Ice Hockey Club has contributed to the development of a national training base for ice hockey in Longgang District [3] - The integration of sports events with tourism is creating new consumption scenarios and economic value, as seen in the rise of sports tourism in areas like Dapeng and Yantian [9][10] Group 2: Taxation and Financial Support - The Longgang District tax authority has formed a specialized service team to assist sports clubs with tax-related issues, ensuring compliance and maximizing benefits [4] - Tax incentives, such as VAT deductions and tax credits for employing disabled individuals, have provided significant financial relief to sports organizations [4][5] - The tax department's proactive approach includes personalized guidance and risk assessment to help businesses navigate complex tax regulations [5][12] Group 3: Infrastructure and Consumer Behavior - By the end of 2024, Shenzhen will have over 46,000 sports venues, with a per capita sports area 60% higher than the national average [5] - The average sports consumption per person in Shenzhen is projected to exceed 4,000 yuan in 2024, reflecting a growing trend in outdoor and smart sports facilities [5][6] - The rise of smart sports equipment and innovative products is reshaping consumer experiences and expanding the market [6][7] Group 4: Industry Growth and Innovation - Shenzhen has seen a significant increase in sports-related enterprises, with 27,000 legal entities in the sector by the end of 2024 [6] - Companies like Leqi Intelligent Technology are recognized as national-level specialized and innovative enterprises, contributing to the growth of the smart sports market [6][7] - The sports industry is evolving towards high-end and intelligent products, driven by technological innovation and the national strategy of promoting fitness [8]

Core Viewpoint - Greebo has secured a significant order for lithium battery outdoor power equipment from a leading U.S. home improvement retailer, which will enhance its market presence and sales in North America [1][2]. Group 1: Partnership and Orders - The partnership with the U.S. retailer involves the sale of lithium battery outdoor power equipment across over 1,700 stores and online platforms [1]. - The confirmed order is valued at approximately $60 million, with delivery expected by the end of January 2026 [1]. - Greebo has begun bulk deliveries of the products, with specific delivery times and quantities dependent on actual order fulfillment [1]. Group 2: Manufacturing and Market Strategy - Since 2018, Greebo has established manufacturing bases in Vietnam and the U.S., achieving strategic synergy [2]. - The company has accelerated the development of its Vietnam manufacturing base to meet U.S. customer demands, particularly in light of tariffs imposed on Chinese goods [2]. - The collaboration with the U.S. retailer is expected to significantly increase Greebo's product coverage in the North American market, potentially exceeding 12,000 retail locations when combined with other partnerships [2]. Group 3: Competitive Advantage and Industry Position - Greebo is recognized as a leading player in the global new energy garden machinery sector, focusing on innovative lithium battery technology and smart products [3]. - The company aims to facilitate a transition from traditional gasoline-powered machinery to cleaner, more efficient new energy solutions [3]. - The partnership will not compromise Greebo's business independence, as the company will not become reliant on the U.S. retailer for its primary operations [3].

Core Insights - The opening of the "Jinsha Trendy Play Town" in Qiqihar City marks a significant development in the local tourism and cultural sector, aiming to create a comprehensive leisure and entertainment destination [2][3] - The initiative aligns with the trend of consumption upgrade, enhancing local resources and urban vitality while meeting the public's desire for a better quality of life [3] Group 1 - Jinsha Trendy Play Town covers an area of 80,000 square meters and integrates various activities such as amusement, food, culture, and travel, serving as a city social hub [1] - The project features diverse attractions including go-karting, high-altitude grass sliding, pet interactions, and BBQ experiences, designed to provide an immersive leisure environment [1] - The town aims to enhance Qiqihar's appeal as a leisure tourism destination, fostering new consumption hotspots and injecting economic vitality into the region [3] Group 2 - The "Innovative Consumption New Scene" initiative is part of a broader strategy to cultivate distinctive consumer destinations and enhance market vitality across various sectors including dining, accommodation, and digital technology [6] - The goal is to significantly improve consumer satisfaction and increase the proportion of emerging consumption formats, contributing to high-quality regional economic development [6]

Core Viewpoint - Greebo is expanding its product offerings in the electric garden machinery sector, focusing on new markets and innovative products, while benefiting from the depreciation of the RMB and strategic partnerships in robotics [2][4][7]. Group 1: Company Overview - Greebo (Jiangsu) Co., Ltd. specializes in the research, design, production, and sales of new energy garden machinery, with a revenue composition of 74.25% from new energy garden machinery, 14.40% from AC electric garden machinery, and 11.35% from other sources [7]. - The company was established on July 2, 2002, and went public on February 8, 2023 [7]. Group 2: Market Expansion and Product Development - Greebo has successfully launched go-karts and motorcycles in U.S. supermarkets, receiving positive consumer feedback, and plans to introduce more products like bicycles and scooters to maintain its market leadership [2]. - The brand Greenworks has gained significant recognition in North America and Europe, with several products consistently ranking as bestsellers on Amazon [2]. Group 3: Financial Performance - For the first quarter of 2025, Greebo reported a revenue of 1.535 billion yuan, a year-on-year decrease of 6.14%, while net profit attributable to shareholders increased by 36.93% to 178 million yuan [8]. - The company has distributed a total of 29.996 million yuan in dividends since its A-share listing [9]. Group 4: Strategic Partnerships - Greebo has formed a strategic partnership with Zhiyuan Robotics to jointly explore the global robotics market, focusing on high-end smart products in the U.S. market, including quadruped robotic dogs and humanoid robots [2].

Core Insights - The third China International Supply Chain Promotion Expo (Chain Expo) is being held in Beijing, showcasing unique advantages of various industry chains and enhancing collaboration and communication across supply chains [1] - Leading enterprises in the supply chain are playing a pivotal role in guiding the exhibition, demonstrating their resource integration capabilities and technological advancements [2][3] Group 1: Industry Trends - The integration of supply chains with technological innovation and ecological collaboration is emphasized, with expectations for local innovation technologies to be accelerated through the expo [1] - The digital transformation of global supply chains is an unstoppable trend, with emerging technologies like AI, IoT, and blockchain being widely applied to enhance efficiency and transparency [6] Group 2: Company Highlights - TCL's subsidiary, Gekong Dongzhi Technology, showcased its industrial AI business and digital transformation practices, promoting its intelligent application platform across over 20 sectors [2] - Bosch highlighted its commitment to open cooperation and local manufacturing, aiming to build a robust and flexible smart mobility supply ecosystem [3] - Shenglong Electric shared new AI-integrated power distribution equipment and energy management systems, significantly reducing initial investment costs and long-term energy expenses [4][5] - Ninebot presented its latest electric scooters and service robots, emphasizing its collaboration with leading suppliers to enhance product performance through innovative solutions [5] Group 3: Global Collaboration - The expo serves as a platform for international enterprises to share cutting-edge technological achievements and deepen cross-regional and cross-industry cooperation [6] - Thai Tencel Group expressed its intention to strengthen partnerships with Chinese counterparts to drive high-quality industry development and empower global business [3]

Core Points - The Longgang Mountain Snow Sports Center in Fushun is designated as the main venue for the 2028 15th National Winter Games, with all seven construction projects scheduled for completion by the end of October 2026 [1] - The center will feature 28 ski trails with a total length of 27,000 meters, designed to cater to various skill levels [3] Construction Progress - As of this year, the excavation of the reservoir foundation is planned to be completed, along with the pouring of heavy concrete and grouting [3] - The construction of the athlete village, media village, and supporting facilities is nearing completion, with 70% of the earthworks for the ski trails already finished [3] - Key infrastructure such as the water treatment plant and sewage treatment plant is also on track for completion [3] Post-Games Utilization - After the games, the ski trails will be converted for operational use, with 10 beginner, 9 intermediate, and 9 advanced trails, totaling 27,997 meters [3] - The center is expected to operate for over 120 days during the winter season, becoming a major ski resort in Liaoning province [3] Year-Round Operations - Facilities will be transformed into a hotel complex ranging from quasi-three-star to quasi-five-star accommodations, catering to diverse visitor needs [4] - The first floor will be converted into retail spaces, introducing various businesses including dining, entertainment, and health management [4] - Plans include an 800-meter dry ski slope for summer skiing and the introduction of over 20 additional activities such as go-karting and music festivals, aiming to create a comprehensive year-round tourism destination [4]