格隆汇9月29日丨长信科技(300088.SZ)在互动平台表示，公司在UTG领域技术储备深厚，向荣耀、 VIVO、OPPO等消费电子头部客户提供UTG 产品。8月21日搭载公司子公司东信光电UTG产品的荣耀最 新折叠屏手机Magic V Flip2已发布上市。未来，公司将持续拓展业务，为更多客户提供优质产品与服 务。目前，公司正深度协同各消费电子头部客户，聚焦前沿技术领域开展联合研发。消费电子的产品创 新需经历技术攻坚、验证适配等多环节，从开发到规模化落地存在客观周期。基于行业惯例，终端客户 会与供应链企业签订保密协议，以保护核心技术与商业机密，敬请投资者以公司官方发布信息为准。 ...

Core Insights - The article introduces the Honor Magic V Flip2, highlighting its upgrades over the previous generation [1] Group 1 - The article presents an unboxing of the Honor Magic V Flip2, showcasing its features and improvements [1]

Group 1: Alibaba's Business Restructuring - Alibaba's official website has redefined its business segments into four main groups: Alibaba China E-commerce Group, Alibaba International Digital Commerce Group, Cloud Intelligence Group, and all other businesses [1] - This change reflects Alibaba's internal resource integration strategy in response to evolving internal and external environments, with a clearer distinction between core and non-core businesses [1] - The CEO of Alibaba's E-commerce Division, Jiang Fan, now oversees two segments, indicating a more centralized approach to e-commerce strategy [1] Group 2: ZhiYuan Robotics' Financial Stability - ZhiYuan Robotics claims its cash flow can sustain operations for three years without any revenue generation [2] - The company plans to invest several billion yuan over the next three years to incubate over 50 early-stage projects [2] - ZhiYuan aims to establish itself as a "chain leader" in the industry by creating a platform that binds upstream and downstream resources [2] Group 3: Apple iPhone Production Season - Apple is entering its production peak for the new iPhone, with expectations for the iPhone 17 series launch in September [3] - Reports indicate a significant increase in hiring at Foxconn, with hourly wages reaching 26 yuan [3] - Apple's global iPhone shipment volume declined by 2% year-on-year in Q2, with a notable drop in the Chinese market [3] Group 4: OPPO's Response to Apple's Lawsuit - OPPO has responded to Apple's lawsuit regarding alleged theft of trade secrets by a former employee, asserting that no evidence links the employee's actions to OPPO [4] - This lawsuit highlights the intensifying competition in the wearable technology sector, particularly in medical-grade sensor technologies [4] Group 5: Honor's Foldable Phone Market Expansion - Honor has launched the Magic V Flip2, a foldable smartphone with a starting price of 5499 yuan, expanding its presence in the foldable phone market [6] - Honor holds a 7.6% market share in China's foldable phone market, ranking second behind Huawei [6] - The entry of Apple into the foldable phone market is prompting domestic brands to enhance their offerings [6] Group 6: Ride-Hailing Platforms Lowering Commission Rates - Major ride-hailing platforms, including Didi and T3, have announced reductions in commission rates to protect driver interests [7] - Didi plans to lower its maximum commission from 29% to 27% by the end of the year [7] - This collective action is in response to regulatory pressures aimed at improving driver rights [7] Group 7: Game Industry Developments - The new game "Black Myth: Zhong Kui" has gained significant attention, with the developer emphasizing innovation and new gameplay experiences [8] - The choice of Zhong Kui as a character allows for creative experimentation while building a strong IP foundation [8] Group 8: Sohu's CEO Physical Challenge - Sohu's CEO Zhang Chaoyang is set to swim across the Nan'ao Island Strait, promoting a message of perseverance and personal challenge [9] - He emphasizes the importance of engaging with audiences in the digital age [9] Group 9: Kinsan Office's AI User Growth - Kinsan Office reported a 10.12% increase in revenue, with AI monthly active users reaching 29.51 million [12] - The growth is attributed to the integration of AI into office processes, enhancing user engagement [12] Group 10: TCL's Financial Performance - TCL Electronics reported a 20.4% increase in revenue, with net profit rising by 67.8% in the first half of 2025 [14] - The company is benefiting from a strong global supply chain and increased demand for large-size and Mini LED TVs [14] Group 11: Deep Tianma's Turnaround - Deep Tianma achieved profitability in the first half of 2025, with a revenue increase of 9.93% [16] - The company is focusing on optimizing its business structure and enhancing its competitive edge in the automotive display sector [17]

Core Viewpoint - Honor has officially launched its new flagship foldable smartphone, the Honor Magic V Flip2, which integrates high-end fashion design and advanced technology to enhance user experience and creativity in photography [1][3]. Design and Aesthetics - The Honor Magic V Flip2 features a refined matte metal frame and a sleek design with a thickness of 6.9mm when unfolded and 15.5mm when folded, weighing approximately 204g, making it easy to carry [3][10]. - The collaboration with international fashion designer Professor Jimmy Choo has resulted in a unique design language inspired by gemstone cuts, with a color named "Dream Weaving Blue" [3][4]. - The device comes in a luxury gift box, enhancing the unboxing experience and providing a sense of high-end ritual [3]. Camera and Photography Features - The smartphone is equipped with a groundbreaking 200MP primary camera and a 50MP ultra-wide-angle lens, enabling high-quality selfies and versatile photography options [4][5]. - It supports various shooting modes and AI features, allowing users to create dynamic content easily, including 4K video generation and personalized dynamic lock screens [4][5]. AI and User Interaction - The Honor Magic V Flip2 incorporates advanced AI technology for image editing and interaction, including features like AI smart cutout and AI-generated animations [5][8]. - The external screen supports over 99% of applications, allowing users to perform most tasks without opening the device, enhancing convenience [8]. Hardware and Performance - The device features a robust internal structure with a 50μm ultra-tough UTG glass, certified for durability with a folding capability of up to 500,000 times [10]. - It boasts a 6.82-inch internal display with a peak brightness of 5000 nits and a 4.0-inch external display with 3600 nits, both supporting LTPO 2.0 adaptive refresh rates [10]. Battery and Charging - The Honor Magic V Flip2 is powered by a 5500mAh battery, the largest in its category, with fast charging capabilities of 80W wired and 50W wireless, achieving 50% charge in just 17 minutes [11]. - It is also the only model in its category to support IP58 and IP59 water resistance ratings [11]. Pricing and Availability - The Honor Magic V Flip2 is available in three color options and is priced at 5499 yuan for the 12GB+256GB model, up to 7499 yuan for the high-end version [11].

Core Viewpoint - Honor officially launched the new generation vertical foldable flagship, Honor Magic V Flip2, emphasizing a blend of technology and humanity, targeting a fashionable and high-end user experience [1][17]. Product Design and Aesthetics - The design philosophy of the Honor Magic V Flip2 focuses on providing a beautiful experience, featuring a matte metal frame and a sleek design that enhances grip comfort [3][5]. - The device is available in three fashionable colors: Dawn Purple, Moonlight White, and Titanium Gray, each showcasing unique light reflections and aesthetics [7]. - Collaboration with international fashion designer Professor Jimmy Choo has infused the product with a high-fashion essence, including a new dual-cut fire color process for a crystal-like effect [5][7]. Camera and Photography Features - The Honor Magic V Flip2 introduces a 200MP ultra-clear photo lens and a 50MP 120° ultra-wide-angle lens, enhancing the photography experience for users [9][11]. - It supports various shooting modes and AI-enhanced features, allowing users to capture dynamic moments and create high-quality content effortlessly [13][14]. User Interaction and AI Features - The device features a playful external screen interaction with virtual pets that respond to user actions, enhancing emotional engagement [14][15]. - The external screen supports over 99% of applications, allowing users to perform most tasks without opening the device, showcasing its advanced AI capabilities [15]. Hardware and Performance - The Honor Magic V Flip2 is equipped with a 5500mAh battery, the largest in its category, and supports fast charging technologies, ensuring long-lasting performance [17]. - The device features a robust build with advanced glass technology, ensuring durability and resistance to wear and tear [16]. Market Availability and Pricing - The Honor Magic V Flip2 is available for pre-order starting August 21, with official sales commencing on August 28, priced between 5499 yuan and 7499 yuan depending on the configuration [17].

Group 1: Key Developments in Technology and AI - NVIDIA CEO Jensen Huang made an unannounced visit to TSMC to express gratitude for their collaboration on the next-generation chip architecture "Rubin," with six new chips already in production [2] - Samsung has begun supplying its HBM3E memory to NVIDIA at a price 20-30% lower than SK Hynix, which will be used in the China-specific H20 AI chip [3] - Google and Meta have entered into a cloud computing contract valued at over $10 billion, marking a significant collaboration in AI infrastructure over a six-year period [4] Group 2: Company Movements and Strategies - Meta continues to recruit top AI talent from Apple, with Frank Chu joining Meta's Superintelligence Lab, marking at least the sixth Apple AI employee to transition to Meta [6] - Google launched the new Gemini government platform in collaboration with the U.S. General Services Administration, priced under $0.5 per agency per year, aimed at modernizing public services [5] - Vivo released the world's lightest MR headset, weighing 398 grams, with plans to enhance product quality before commercial sales [14] Group 3: Financial Performance and Market Trends - Kuaishou reported a Q2 revenue of 35 billion yuan, a 13.1% year-on-year increase, with a net profit of 4.9 billion yuan [18] - Bilibili turned a profit in Q2 with a total net revenue of 7.34 billion yuan, a 20% year-on-year increase, and a net profit of 218.3 million yuan [19] - iFlytek's H1 revenue grew by 17.01% year-on-year, reaching 10.911 billion yuan, while the net loss decreased to 239 million yuan [20] Group 4: Market Insights - The global smart glasses market saw a 110% year-on-year increase in shipments in H1 2025, with AI smart glasses accounting for 78% of total shipments [22] - The AI smartphone competition is intensifying, with Apple lagging behind Android competitors like Samsung and Google in AI capabilities [8]

Core Viewpoint - Honor has launched its new flagship foldable smartphone, the Honor Magic V Flip2, which combines advanced technology with fashion elements, aiming to enhance user experience and creativity in photography [1][4]. Design and Aesthetics - The Honor Magic V Flip2 features a refined matte metal frame and a sleek design with a thickness of 6.9mm when unfolded and 15.5mm when folded, weighing approximately 204g [3][15]. - The device is available in multiple high-fashion colors, including Dream Weave Blue, Dawn Purple, Moon Shadow White, and Titanium Gray, each showcasing unique light reflection effects [3][15]. Camera and Imaging Capabilities - The smartphone is equipped with a 200MP ultra-clear photo lens and a 50MP 120° ultra-wide-angle lens, enabling high-quality photography and creative possibilities [4][6]. - It supports various shooting modes and AI-enhanced features, allowing users to capture images in different styles and formats, including 4K video [6][8]. User Interaction and Features - The external screen offers interactive features with animated pets and a blind box interaction mode, enhancing user engagement [10][12]. - The device supports over 99% of applications on the external screen, allowing for efficient multitasking without opening the device [14]. Performance and Battery Life - The Honor Magic V Flip2 is powered by a 5500mAh battery, supporting 80W wired and 50W wireless fast charging, achieving 50% charge in just 17 minutes [15]. - The device is designed for durability with a 50μm ultra-tough UTG glass and is certified for 500,000 folds, ensuring long-term reliability [14][15]. Additional Product Launches - Alongside the smartphone, Honor introduced new wearable devices, including the Honor Smart Watch Fit and a unique perfume-scented earphone, targeting female consumers [16].

Group 1 - DeepSeek officially released DeepSeek-V3.1 on August 21, featuring a hybrid reasoning architecture, improved thinking efficiency, and enhanced agent capabilities. The new model supports both thinking and non-thinking modes, providing faster responses compared to DeepSeek-R1-0528 [1] - The official app and web model have been upgraded to DeepSeek-V3.1, allowing users to switch freely between thinking and non-thinking modes via a "deep thinking" button [1] - DeepSeek announced a price adjustment for API calls starting from September 6, 2025, and will eliminate night-time discounts. All API services will continue to be billed at the current rates until that date [3] Group 2 - Tesla launched a new six-seat Model Y in China, priced at approximately $47,200, with CEO Elon Musk indicating that this variant may not be produced in the U.S. due to the rise of autonomous vehicles [5] - Kuaishou reported a 13.1% year-on-year increase in total revenue for Q2 2025, reaching RMB 35 billion, with adjusted net profit growing by 20.1% to RMB 5.6 billion [11] - Xiaopeng Motors' chairman He Xiaopeng purchased 3.1 million shares at an average price of HKD 80.49, increasing his total ownership to approximately 18.9% [11] - Sohu's CEO Zhang Chaoyang stated that Sohu Video will not participate in short drama production, focusing instead on long dramas and live broadcasts [11] - NIO announced the pre-sale of its new ES8 model starting at RMB 416,800, with deliveries expected to begin in late September 2025 [23] Group 3 - Meta responded to rumors of freezing AI department hiring, clarifying that it is a basic organizational adjustment while establishing a framework for new AI projects [9] - KKR is reportedly the leading bidder for Nissan's global headquarters building, offering approximately $610 million [16] - Intel is negotiating with large investors to raise capital through discounted equity offerings [16] - Nuro completed a $203 million Series E funding round, achieving a valuation of $6 billion [18]

Core Viewpoint - Honor has officially launched its new vertical folding screen smartphone, the Honor Magic V Flip2, focusing on stylish design and flagship hardware, targeting consumers who value personalized expression with a starting price of 5499 yuan [1] Design and Specifications - The Honor Magic V Flip2 features a collaboration with international fashion designer Dr. Zhou Yangjie, showcasing a "Dream Weaving Blue" high-end version with a gem-cut design language. The standard version offers three colors: Dawn Purple, Moon Shadow White, and Titanium Gray, utilizing a unique high-end arc light process for a distinctive back cover effect [1] - The device measures 6.9mm in thickness when unfolded and 15.5mm when folded, weighing approximately 204 grams, maintaining a lightweight and portable design [1] Camera and Imaging - The camera system is a significant upgrade, featuring a 200-megapixel ultra-clear main camera with a sensor size of 1/1.4 inches, along with a 50-megapixel 120° ultra-wide-angle lens, enhancing the quality of rear selfies and creative shooting options [1] - The device supports multiple folding modes, allowing users to capture images from various angles in different scenarios [1] Hardware and Battery - The Honor Magic V Flip2 is equipped with a 5500mAh battery, the largest in its category, supporting 80W wired fast charging and 50W wireless fast charging, with the ability to charge to 50% in just 17 minutes [2] - Both the inner and outer screens feature high-frequency dimming eye protection, with peak brightness levels of 5000 nits and 3600 nits, respectively. The device also boasts IP58 and IP59 water resistance ratings, enhancing durability [2] Software and User Experience - The 4.0-inch outer screen has expanded functionality, supporting over 99% of mainstream applications and integrating MagicOS 9.0's AI capabilities for convenient operations like voice ride-hailing, call translation, and smart photo editing [2] - A new interactive feature for pets has been added to the outer screen, increasing the product's appeal [2] Pricing and Variants - The Honor Magic V Flip2 offers various storage configurations: 12GB+256GB at 5499 yuan, 12GB+512GB at 5999 yuan, and 12GB+1TB at 6499 yuan. The high-end version (16GB+1TB) in collaboration with Dr. Zhou is priced at 7499 yuan [3] - Additionally, Honor introduced several smart wearable products designed for female users, including the Honor Selected DOINGTOP perfume earphones and the SAGA Smart Watch 2 Brilliant Edition [3]

Core Viewpoint - The launch of the new foldable smartphone Honor Magic V Flip2 at a starting price of 5499 yuan signifies the ongoing competition in the foldable smartphone market, with major players like Honor and potential entrants like Apple driving innovation and consumer interest [1] Group 1: Product Features - The Honor Magic V Flip2 features a vertical fold design, measuring 6.9mm in thickness when opened and 15.5mm when folded, weighing approximately 204g [1] - The device is equipped with a 200 million pixel ultra-clear main camera and a 50 million pixel 120° ultra-clear wide-angle lens [1] Group 2: Market Trends - Leading smartphone manufacturers, including Honor, are increasingly investing in the foldable smartphone segment, with Apple expected to launch its own foldable device next year [1] - TrendForce predicts that if Apple enters the market, consumer interest and acceptance of foldable products among high-end users will likely increase rapidly, injecting innovation into the smartphone industry [1] Group 3: Market Projections - TrendForce estimates that global foldable smartphone shipments will reach 19.8 million units by 2025, maintaining a penetration rate of approximately 1.6%, consistent with 2024 figures [1]