记者注意到，平台的"国补"热卖榜上，手机、平板电脑、笔记本、智能手表、冰箱、电视、洗衣机都非 常受欢迎。 健康、智能的消费理念，正受到越来越多市民的关注。北京苏宁易购中塔MAX店店长刘美辰介绍，先 看能效标识、再比较功能与价格，正逐渐成为不少市民新的消费习惯。具备"风随人动"感知能力的智能 空调、可识别食材并自动保鲜的智能冰箱，以及能自动判断衣物面料并精准洗护的智能洗衣机，已成为 当前最受消费者青睐的智能家电"三大件"。 "现在顾客选购时大多会主动询问'国补'政策。"刘美辰表示，今年1月1日至8日，该店销售额环比增长 超过800%。在新一轮"国补"政策带动下，今年以来北京苏宁易购门店整体客流环比增长超过110%，一 级能效家电销售占比提升至92%，冰箱、洗衣机、空调、电视、热水器等品类销量均实现环比倍增。 本报讯（记者孙杰 孙奇茹）2026年伊始，马年春节也日渐临近，市民开始提前准备年货，不少人趁着 元旦刚刚推出的新一轮"国补"给家中的电器换新，掀起了春节前消费的第一波热潮。 在一家门店，市民刘女士看上一台603升的超大容量冰箱。这款四门冰箱全嵌入设计，大小非常合适， 放到厨房里正好跟橱柜齐平，正合她意。"家 ...

（来源：百姓关注） AI算力需求大增，对内存带宽和容量都提出了更高要求。目前，三星、SK海力士、美光这全球三大存 储巨头，已把资源集中投向HBM（高带宽内存）和DDR5的生产。虽然内存涨价已经波及电脑、手机等 数码产品，但记者走访多家笔记本门店后了解到，这次涨价对笔记本整机的影响相对有限。 ...

（编辑 袁冠琳） 证券日报网讯 1月5日，德赛电池在互动平台回答投资者提问时表示，公司主要从事锂电池电源管理系 统、储能电芯及相关封装集成产品的研发、设计、生产及销售业务。公司产品广泛应用于智能手机、笔 记本和平板电脑、智能穿戴设备、电动工具、智能家居和出行产品、储能产品、新能源汽车、无人机等 终端产品上。 ...

全球内存短缺危机来袭，下游品牌厂商被传亲自下场造存储晶圆？ 中经记者 陈佳岚 广州报道 据科技媒体Sakhtafzarmag报道，华硕计划于2026年第二季度开始进入DRAM（动态随机存取内存）制造 领域，以应对全球内存短缺。该传闻迅速被多家国际及中国大陆媒体转载。 对于上述情况，《中国经营报》记者向华硕中国区以及华硕总部采访求证，截至记者发稿，未获得回 复。 不过，记者注意到，中国台湾媒体中央社12月26日报道，华硕公司方面已回应，澄清并无投入存储器晶 圆厂的计划。 供需失衡直接推高了内存产品价格，给下游终端厂商带来巨大成本压力。Counterpoint Research的数据 显示，在成本转嫁与产品组合调整下，2026年全球智能手机平均售价预计上涨6.9%。 而PC行业或面临更大困境。市场机构IDC近日报告指出，若说智能手机市场面临压力，PC市场则正遭 遇颠覆性冲击。内存短缺的时间节点与微软Windows 10系统生命周期终止（换机周期）、AI PC市场推 广周期形成叠加，对PC行业构成"超级风暴"。 而目前，存储涨价已致使多家PC厂商计划在2026年提价，市面上在售的部分品牌平板产品价格也已经 上调。 ...

Group 1 - Germany's population is projected to decrease to below 75 million by 2070, with a potential reduction of approximately 9 million from current levels, primarily due to declining birth rates and an aging population [2] - Northbound capital trading volume has surpassed 199 trillion yuan since the launch of the Stock Connect mechanism, with a single-day trading volume of 309.68 billion yuan recorded on December 12 [3] - Dell is set to increase prices across all commercial product lines starting December 17 due to ongoing chip shortages affecting the entire PC industry, impacting competitors like Lenovo and HP as well [4] Group 2 - The Shanghai Humanoid Robot Pilot Alliance was officially launched, marking a significant step towards scaling the humanoid robot industry and facilitating technology transfer [5] - Jiangsu Yuanli Digital Technology Co., which provides special effects services for "Nezha 2," has received approval for its IPO on the Beijing Stock Exchange, indicating growth in the animation and special effects sector [7] - China Baoan has announced its role as the lead investor in the restructuring of the Shanshan Group, collaborating with its subsidiary to participate in the investment recruitment process [8] Group 3 - Changan Automobile's subsidiary, Deep Blue Automotive, plans to raise approximately 6.12 billion yuan through a capital increase, which will include both public and private placements [9] - Changan Automobile's wholly-owned subsidiary, Changan Technology, is set to increase its capital by 3 billion yuan to support its smart technology strategy, with participation from major stakeholders [11] - Saiwei Technology has initiated the IPO counseling process for its listing on the A-share market, focusing on the development and production of femtosecond laser equipment [12] Group 4 - In November, China's power battery exports reached 21.2 GWh, marking a year-on-year increase of 70.2%, with total battery exports amounting to 32.2 GWh, reflecting a 46.5% increase compared to the previous year [13] - Beijing Automotive Group has committed to enhancing its price compliance management system to prevent practices such as below-cost dumping and false advertising, ensuring fair competition in the automotive market [14]

来源：环球网 具体涨价方案显示，配置32GB内存的戴尔Pro与Pro Max系列台式机、笔记本，价格将上涨130美元至 230美元；顶配128GB内存的机型，涨价幅度更高，达520美元至765美元；若选择1TB容量的SSD存储， 产品整体价格还将额外增加55美元至135美元。此外，AI相关产品也在涨价之列，其中官网标价1349.99 美元的戴尔Pro 55 Plus 4K显示器将上涨150美元；搭载6GB显存的英伟达RTX PRO 500 Blackwell GPU的 笔记本电脑涨价66美元，配备24GB显存的该系列机型则上涨530美元。 戴尔相关发言人表示，与行业内其他企业类似，戴尔在必要时会采取有针对性的价格调整措施，此举旨 在保障供应链稳定运行，确保能够持续为客户提供可靠的产品和服务价值。该发言人同时强调，戴尔的 供应链具有全球布局优势和较强韧性，其设计初衷就是为了应对宏观经济波动、监管政策调整及贸易环 境变化等不确定因素，保持运营的灵活性。 据戴尔内部销售员工透露，此次涨价将影响所有用户，目前暂无规避空间，客户若需采购相关产品需接 受调整后的价格。不同客户因合同条款差异，实际涨幅比例将在10%至30% ...

Group 1 - The central financial committee emphasizes the need to effectively manage financial risks in local small and medium financial institutions, real estate companies, and local government financing platforms, with a focus on controlling new risks and addressing existing ones [2] - The China Securities Regulatory Commission (CSRC) is set to introduce strict regulations on public fund sales, targeting long-standing issues in the industry such as prioritizing sales over service [2] - China's financial data for November shows a significant increase in RMB loans and social financing, with RMB loans increasing by 15.36 trillion yuan and social financing growing by 33.39 trillion yuan, surpassing last year's total [3] Group 2 - The People's Bank of China emphasizes maintaining stable financial markets and managing moral hazards, particularly in real estate finance [5] - The CSRC has issued a record fine to Yuce Investment for misappropriating fund assets and providing false information, highlighting the regulatory crackdown in the private equity sector [5] - The A-share market sees significant gains, particularly in nuclear power and commercial aerospace sectors, with the Shanghai Composite Index closing up 0.41% [5] Group 3 - The Hong Kong Hang Seng Index rises by 1.75%, driven by gains in technology and non-bank financial sectors, despite net selling by southbound funds [6] - The Shanghai Stock Exchange is monitoring stocks with significant volatility, indicating increased scrutiny on market activities [7] - Several companies are planning IPOs or stock issuances, including Galaxy General, which aims for a valuation of 3 to 4 billion USD [7] Group 4 - The Financial Regulatory Bureau has released a new management method for commercial bank custody businesses, emphasizing the need for banks to meet specific capabilities and prohibiting certain financial practices [9] - The market regulator is seeking opinions on compliance guidelines for the automotive industry, aiming to address pricing and promotional issues [9] - The State Administration for Market Regulation is pushing for improvements in online product sales, particularly in live commerce, to combat false advertising [9] Group 5 - The State Council has initiated measures to stabilize the real estate market, with Shandong province launching a housing "old-for-new" program to encourage home purchases [11] - The global gold ETF inflows reached 5.2 billion USD in November, marking a six-month streak of inflows and setting a record for total assets under management [20] - The domestic bond market shows signs of cooling, with yields on major bonds rising and the central bank conducting reverse repos to manage liquidity [19]

即时零售这轮渠道革命，苹果也无法置身事外，即便它并非电商平台公司。12月10日，苹果在中国内地 正式推出免费的三小时快送服务，涵盖手机、平板、笔记本等核心产品，覆盖苹果直营门店所在的主要 城市。 苹果版的"闪送"，是三年前配送业务的升级，当时它只在上海少数几个门店试水。三年后，国内即时零 售竞争方兴未艾。在阿里、京东、美团三大平台数百亿元真金白银的补贴轰炸下，被市场刺激或者"教 育"的，可不只是消费者，更有大大小小的品牌和商家，苹果也不例外。 作为创新最为活跃、竞争最为激烈的领域，渠道革命这些年每每上演，但苹果却往往不是反应最敏锐的 那个。 竞争在变，没有品牌能一劳永逸。 北京商报评论员 张绪旺 新的竞争格局已经形成。全球视野看，智能终端尤其手机走到了产品革命的前夜，但到底是AI改变历 史还是柔性屏幕主导未来，在爆款出现之前谁也下不了定论。 性能趋同直接导致手机市场的存量博弈，苹果与竞品的对决，已经变成近身绞杀，甚至很大程度上就是 渠道和服务的肉搏，毕竟产品本身的差异化微乎其微。 渠道和服务，追求的是贴近性和情绪价值。在中国市场，成功的品牌一定紧随形势，苹果来了也是学 徒。 以往，很多品牌重视渠道会被认为是" ...

Core Viewpoint - The recent price increases by major PC manufacturers Lenovo, Dell, and HP, with rises of 15%-20%, are primarily driven by unprecedented surges in memory chip prices, specifically DRAM and NAND flash [1][2]. Group 1: Price Increase Drivers - The operating profit margins for Lenovo, HP, and Dell are notably low, with Lenovo at 8.3%, and HP and Dell at 5.8% and 6% respectively, making them vulnerable to cost fluctuations in memory components, which account for 15%-18% of total costs [2]. - DRAM prices have surged by 170% year-on-year, with forecasts indicating further increases of 5%-20% for DRAM and NAND contracts by Q4 2025 [2][4]. - The demand for high-performance memory products driven by the AI industry has led to a structural change in the semiconductor supply chain, causing a significant supply shortage for traditional PC memory components [4][6]. Group 2: Market Dynamics and Opportunities - The collective price increase provides a rare opportunity for PC giants to raise prices without losing market share, as the entire industry faces similar cost pressures [3][7]. - The transition from a volume-driven to a profit-centered business model is seen as a positive development by capital markets, alleviating concerns about future profitability [3][9]. - The end of Windows 10 support and the rising demand for AI-capable PCs are creating a rigid replacement demand, allowing manufacturers to pass on costs to business customers [5][7]. Group 3: Competitive Landscape - Lenovo's proactive inventory management, with a 50% higher stock of critical components, positions it favorably to navigate the supply shortages expected through 2026 [8]. - The price increases are expected to reshape the competitive rules in the PC industry, moving the focus from scale to profit quality, with gross margin stability becoming a key competitive indicator [9][10]. - The price hikes are not merely reactive but are strategic moves to establish pricing discipline and enhance pricing power within the industry [11].

Core Viewpoint - The recent price increase by major PC manufacturers Lenovo, Dell, and HP, with increases of 15%-20%, is primarily driven by unprecedented rises in DRAM and NAND flash memory prices, which has led to warnings from Wall Street regarding future profits and subsequent stock downgrades for these companies [1][2]. Group 1: Price Increase Reasons - The price increase is a response to a significant rise in memory chip costs, with DRAM prices soaring by 170% year-on-year, and predictions of further increases of 5%-20% for DRAM and NAND contracts by Q4 2025 [2][4]. - The cost of memory components constitutes 15%-18% of the total cost for PC manufacturers, making them highly sensitive to price fluctuations [2][4]. - The current memory price surge is attributed to a structural change in the semiconductor supply chain driven by the explosion of the AI industry, leading to a "super cycle" in memory demand [4][6]. Group 2: Market Dynamics - The collective price increase provides a rare opportunity for PC giants to raise prices without losing market share, as all major players face similar cost pressures [3][7]. - The demand from commercial clients, who prioritize reliability and total cost of ownership over initial purchase price, allows manufacturers to pass on costs more effectively [7][8]. - The end of support for Windows 10 and the rising demand for AI-capable PCs create a rigid replacement demand, further supporting the price increases [5][7]. Group 3: Competitive Landscape - The price increase marks a shift in the PC industry from a volume-driven model to a profit-centered approach, with a focus on maintaining gross margins [9][10]. - Companies like Lenovo, with a market share exceeding 25%, have positioned themselves advantageously by maintaining higher inventory levels and securing favorable contracts with suppliers [8][11]. - The price hikes are seen as a strategic move to establish pricing discipline and enhance pricing power, which is crucial for long-term profitability [10][11]. Group 4: Future Implications - The current price adjustments are expected to lead to a structural shift in the PC market, with average selling prices likely to rise rather than fall as seen in the past [10][11]. - Stable profits from core PC operations will provide the necessary cash flow for companies to transition towards higher-growth service and solution-oriented business models [11].