近期，主题投资博弈范围有所缩窄，加之ETF（交易型开放式指数基金）市场整体呈现持续净流出状 态，投资情绪尚未完全修复。上周，每经品牌100指数延续震荡，周跌1.29%。 四川长虹月内涨超20% 从每经品牌100指数成分股表现来看，四川长虹上周涨幅为8.04%。拉长时间看，进入2026年以来，该 股股价已经实现周线"三连阳"，1月累计涨幅达到21.10%。 2025年12月底，四川长虹发布2025年度"提质增效重回报"行动半年度评估报告，公司2025年前三季度经 营业绩实现显著增长，累计营业收入约为818.89亿元，同比增长约5.94%；归属于上市公司股东的净利 润约为10.08亿元，同比大幅增长约192.49%。 据了解，四川长虹在厨大电及小家电产业方面，持续推进转型、聚焦、提效策略并取得显著成效。战略 层面持续推动产业融合，市场层面强化根据地建设。渠道层面加速双线融合，线上借数字化营销与平台 合作优化体验，线下建设场景化门店，实现双线库存共享与消费模式衔接。 不过，有分析指出，随着宏观经济改善与企业盈利回升，A股2026年春季行情的趋势仍有望延续。 每经100指数高位震荡 上周，A股各大指数震荡走强，从周K ...

每经记者｜刘明涛 每经编辑｜肖芮冬 成分股方面，TCL电子本周涨幅高达24.77%；潍柴动力继续保持强势，周涨幅也达到12.33%；此外，百度集团-SW、中国重汽、招商蛇口、四川长虹、保利 发展、中国海油、中国石化的周涨幅也均超过5%。周市值增长方面，中国海油本周市值增长达到983.87亿元，市值增长接近千亿元。 | | | 有业内人士指出，随着浙江威乐公司在技术、运营能力上的持续提升，以及业务规模效应逐步显现，该业务的盈利能力和利润率水平有望随之稳步改善。 与此同时，四川长虹一直强化AI技术赋能，其在AI技术领域的聚焦突破，不仅有效提升了居家空气品质，也持续释放新的消费潜力。日前，在2026年国际 消费电子展上，四川长虹与高通联合推出新款AT TV Q10Light。据悉，这款长虹新品将搭载端侧AI字幕翻译大模型，可实现影视内容的音频对话到指定语种 的实时转译与字幕同步显示。1月6日，长虹空调还发布了AI人感空调系列矩阵新品，全面覆盖不同场景下的用户需求，将技术优势转化为场景化体验优 势。 在之前一次机构调研中，四川长虹就曾表示，长虹云帆AI大模型核心聚焦智慧家电领域，是家电领域首个通过国家备案的大模型。优 ...

Core Viewpoint - Sichuan Changhong (600839) has developed the Changhong Yunfan AI model, which is the first AI model in the home appliance sector to be officially registered by the state, focusing on smart home appliances [1] Group 1: Product Development - The Changhong Yunfan AI model is an evolution of the Changhong Super Brain, primarily applied to televisions, marking the transition from traditional smart TVs to AI TVs [1] - The AI model enhances voice interaction, personalization, and audio-visual search capabilities, enabling complex task reasoning and orchestration [1] Group 2: User Experience - The implementation of the AI model allows for "one-sentence control," significantly improving user experience [1] - The model expands the depth of information on encyclopedic knowledge and current life topics, positioning the television as a smart center in the living room [1]

Core Viewpoint - The integration of AI technology with the cultural symbol of the giant panda by Changhong showcases a new path for Chinese manufacturing to combine technology and culture, enhancing global market appeal [1][2][7]. Group 1: Cultural and Technological Integration - Changhong's AI home appliances, themed around the giant panda, have gained significant attention at various international exhibitions, reflecting a successful blend of technology and cultural elements [1][2]. - The giant panda, as a cultural ambassador, enhances Changhong's mission to promote both technological innovation and panda culture globally [2][7]. - The commercial value and cultural influence of the giant panda have been rising, with over 10 million visitors to the Chengdu Research Base of Giant Panda Breeding annually, indicating its international appeal [2][7]. Group 2: Product Innovation and User Experience - The panda-themed AI home appliance matrix includes AI TVs, air conditioners, refrigerators, and washing machines, all designed to resonate emotionally with users while providing practical functionality [4][5][6]. - The AI TV features an interactive element with a virtual panda companion, allowing users to engage with real-time content from panda breeding bases, enhancing cultural connection [4][6]. - The refrigerator and air conditioner utilize AI technology to replicate the panda's natural habitat, improving user experience through innovative design [4][5]. Group 3: Market Trends and Future Directions - Changhong's approach reflects a shift in consumer demand from mere functionality to emotional experience and cultural identity in home appliances [8]. - The company aims to leverage international platforms like the China International Import Expo to expand its global market presence while continuing to innovate in AI technology [8]. - This strategy not only enhances product value but also strengthens brand influence in the competitive global appliance market [7][8].

Group 1 - The 2025 World Intelligent Industry Expo in Chongqing focuses on "Artificial Intelligence+" and "Intelligent Connected New Energy Vehicles," showcasing the strength of the industry [4] - Sichuan has 17 enterprises participating in the expo, highlighting the province's commitment to intelligent development [4] - The collaboration model of "robotics main manufacturers + key component suppliers" aims to effectively reduce R&D costs and seize market opportunities [4][9] Group 2 - AI technology is enhancing user experiences across various products, including smart home appliances like refrigerators, air conditioners, and washing machines [5][6] - Longhong's AI TV, which utilizes the Longhong Yunfan AI model, can respond to vague commands and improve picture quality beyond hardware limitations [6] - Longhong's new air conditioner, equipped with AI cloud energy-saving technology, can save up to 759 kWh of electricity annually compared to traditional models [6] Group 3 - The "An Zai" intelligent companion robot from Zhongke Source (Chengdu) Service Robot Research Institute offers health monitoring and emotional companionship for the elderly [7] - The "Ling Tong" quadruped robot from Sichuan Bionic Robot Technology Co., Ltd. is designed for complex scenarios, including security and emergency response [8] - The collaboration between Sichuan Bionic Robot Technology and Chuanji Group focuses on developing high-performance joint modules essential for robotic applications [9] Group 4 - Zhongling Zhixing (Chengdu) Technology Co., Ltd. has successfully captured over 2 million orders for its embedded virtualization operating system for vehicles, demonstrating strong market demand [9] - Youshinli Intelligent Technology Co., Ltd. is helping small and medium-sized manufacturing enterprises transition to intelligent solutions, focusing on cost-effective and precise products [10] - The future of the artificial intelligence industry in Sichuan looks promising, with plans to accelerate AI integration into key industries and promote high-end, intelligent, and green development [10]

Core Insights - Sichuan Changhong Electric Co., Ltd. reported a revenue of 56.705 billion yuan for the first half of 2025, representing a year-on-year growth of 10.28% [1] - The net profit attributable to shareholders reached 501 million yuan, showing a significant increase of 78.6% compared to the previous year [1] Business Performance - The company utilized technological innovation and refined management as dual drivers to enhance operational performance and efficiency [1] - In the artificial intelligence sector, Sichuan Changhong deepened its layout, leveraging AI technology to empower product innovation, manufacturing upgrades, operational optimization, and ecological cooperation [1] Product Development - The company launched AI-enabled new products based on its large model smart home appliance platform "Changhong Yunfan AI Model" during the reporting period [1] - The AI home appliance product line now covers core categories such as televisions, refrigerators, air conditioners, and washing machines, facilitating a high-end transformation [1] Market Expansion - In the smart home business, Sichuan Changhong strengthened channel construction in the domestic market, seized policy opportunities, and aggressively expanded into overseas markets [1] - The company achieved revenue of approximately 25.124 billion yuan in this segment, reflecting a year-on-year growth of about 12.28% [1] Manufacturing and Supply Chain - Sichuan Changhong boasts a robust value chain system with deep expertise in television research, production, sales, and service [1] - The company operates six manufacturing bases located in Mianyang, Zhongshan, Guangyuan, Indonesia, Czech Republic, and Vietnam, providing high-quality smart television products and solutions to global users [1]