《科创板日报》2月26日讯，今日科创板早报主要内容有：广州提出，深化"人工智能+" 开展算力规模 跃升行动；魅族手机或将成为历史，业务实质性停摆，3月正式退市；海光信息2025年净利润同比增长 31.66%；智洋创新终止筹划重大资产重组事项，股票复牌。 《科创板日报》主播小K为您播报。 【市场动态】 英伟达四季度营收681亿美元 同比增长73% 英伟达四季度营收681亿美元，同比增长73%，市场预期为656.84亿美元，上年同期为393.31亿美元；数 据中心营收为623亿美元，市场预期为606.2亿美元，上年同期为355.8亿美元；四季度网络营收109.8亿 美元，分析师预期90.2亿美元；四季度游戏营收37亿美元，分析师预期40.1亿美元。英伟达预计第一财 季营收764.4亿-795.6亿美元，市场预估727.8亿美元。 广州：深化"人工智能+" 开展算力规模跃升行动 广州市委书记冯忠华2月25日在广州市高质量发展大会上表示，大力发展智能制造、绿色制造、服务型 制造，支持广汽与华为深度合作打造"启境"等新品牌，小鹏汇天量产"陆地航母"等新产品，全域开放无 人驾驶场景，带动汽车产业"智电转型""弯道超车"。 ...

专题：为中国经济点赞——企业家之夜2025盛典 "为中国经济点赞——企业家之夜"于1月29日在北京举行。汇天创始人赵德力出席接受致敬。爱康集团 创始人、董事长兼CEO张黎刚与国能中电能源集团董事长、中国青年企业家协会副会长、盘古智库执行 理事长白云峰为其见证荣誉。 致敬词： 他被称为"中国飞行摩托第一人"。从洞庭湖畔的少年，到全球低空经济浪潮的破局者，他用十余年时 间，将儿时的梦想变为现实。从热爱飞行，到造出中国首款飞行摩托，再到打造全球首条飞行汽车量产 线，他以敢闯敢拼的韧劲攻坚克难，带领汇天成长为亚洲规模最大的飞行汽车公司。他不仅让中国人造 飞行器腾空而起，更推动中国低空经济实现从技术研发到规模量产的跨越式突破。 张黎刚谈到，中国每年超过250万人死于心脏病，其中50万人死于心脏猝死，黄金救援仅仅4到6分钟， 但是救护车4到6分钟是不会到的。所以，希望汇天汽车能够在4到6分钟中，把专家跟除颤仪送到现场， 拯救更多的生命。 白云峰提到，人类历次产业革命都是从三个维度开始发生的，首先是能源的变化——现在已经进入绿色 能源时代，其次是通信的变化——AI人工智能的时代已经来临，最重要的还有一个交通维度——从传 统 ...

专题：为中国经济点赞——企业家之夜2025盛典 "为中国经济点赞——企业家之夜"于1月29日在北京举行。汇天创始人赵德力出席接受致敬。爱康集团 创始人、董事长兼CEO张黎刚与国能中电能源集团董事长、中国青年企业家协会副会长、盘古智库执行 理事长白云峰为其见证荣誉。 致敬词： 白云峰：谢谢德力。今天来之前，我有好几个好朋友，也是德力的好朋友，说见了面一定要跟德力打个 招呼，祝贺他一下。其实很高兴。 大家都知道我是白云峰，我现在是做绿色能源，给大家报告一下。 他被称为"中国飞行摩托第一人"。从洞庭湖畔的少年，到全球低空经济浪潮的破局者，他用十余年时 间，将儿时的梦想变为现实。从热爱飞行，到造出中国首款飞行摩托，再到打造全球首条飞行汽车量产 线，他以敢闯敢拼的韧劲攻坚克难，带领汇天成长为亚洲规模最大的飞行汽车公司。他不仅让中国人造 飞行器腾空而起，更推动中国低空经济实现从技术研发到规模量产的跨越式突破。 张黎刚谈到，中国每年超过250万人死于心脏病，其中50万人死于心脏猝死，黄金救援仅仅4到6分钟， 但是救护车4到6分钟是不会到的。所以，希望汇天汽车能够在4到6分钟中，把专家跟除颤仪送到现场， 拯救更多的生命。 白 ...

专题：为中国经济点赞——企业家之夜2025盛典 "为中国经济点赞——企业家之夜"于1月29日在北京举行。汇天创始人赵德力出席接受致敬。爱康集团 创始人、董事长兼CEO张黎刚与国能中电能源集团董事长、中国青年企业家协会副会长、盘古智库执行 理事长白云峰为其见证荣誉。 致敬词： 他被称为"中国飞行摩托第一人"。从洞庭湖畔的少年，到全球低空经济浪潮的破局者，他用十余年时 间，将儿时的梦想变为现实。从热爱飞行，到造出中国首款飞行摩托，再到打造全球首条飞行汽车量产 线，他以敢闯敢拼的韧劲攻坚克难，带领汇天成长为亚洲规模最大的飞行汽车公司。他不仅让中国人造 飞行器腾空而起，更推动中国低空经济实现从技术研发到规模量产的跨越式突破。 张黎刚谈到，中国每年超过250万人死于心脏病，其中50万人死于心脏猝死，黄金救援仅仅4到6分钟， 但是救护车4到6分钟是不会到的。所以，希望汇天汽车能够在4到6分钟中，把专家跟除颤仪送到现场， 拯救更多的生命。 白云峰提到，人类历次产业革命都是从三个维度开始发生的，首先是能源的变化——现在已经进入绿色 能源时代，其次是通信的变化——AI人工智能的时代已经来临，最重要的还有一个交通维度——从传 统 ...

记者 石潇懿 1月12日，彭博社援引知情人士消息称，小鹏汽车旗下飞行汽车业务板块小鹏汇天已聘请银行协助其在 香港进行首次公开募股。 报道援引知情人士消息称，小鹏汇天已选定摩根大通和摩根士丹利作为上市保荐机构，并通过保密方式 提交上市申请，IPO最早可能于年内完成。 "小鹏汽车作为整车制造商，其估值逻辑深受汽车行业周期性、重资产属性及价格战影响，资本市场通 常对其采用PE或PS结合销量增长的评估方式，更看重现金流、利润率和市场份额；而小鹏汇天属于低 空经济与先进制造的交叉领域，具有高研发投入、高成长潜力但也伴随高不确定性的特征，资本市场对 其估值将更倾向于以技术壁垒、订单储备、潜在市场规模以及政策红利为核心锚点，给予更高的估值溢 价。"袁帅向经济导报记者表示。 二 主打产品已收获7000个定金订单 值得注意的是，这一消息距离小鹏汇天广州黄埔量产工厂首台"陆地航母"飞行器下线仅过去两个月。若 成功上市，小鹏汇天将成为继2019年亿航智能（NASDAQ：EH）之后，时隔七年国内第二家实现上市 的载人飞行器公司。 一 锚定"硬科技独角兽" 公开资料显示，截至目前，小鹏汇天累计完成4轮融资，累计融资规模近9亿美元，在国 ...

Core Viewpoint - Xiaopeng Motors is preparing for an IPO of its flying car division in Hong Kong, having engaged JPMorgan and Morgan Stanley for the process, with a potential completion as early as this year [2]. Group 1: IPO Plans and Timeline - Xiaopeng Motors has secretly submitted its IPO application for its flying car division, with plans to complete the process potentially within this year [2]. - The founder of Xiaopeng Huitian, Zhao Deli, previously indicated that an IPO plan is in place, with timing to be determined [5]. - Xiaopeng Motors aims to transition from technology exploration to practical application by 2026, including the launch of its flying cars [5]. Group 2: Product Features and Capabilities - The Huitian A868 flying car is designed for a range of over 500 kilometers, making it suitable for intercity routes rather than just short urban travel [8]. - The flying car has a cruising speed exceeding 360 kilometers per hour, significantly reducing travel time compared to ground transportation [8]. - Xiaopeng Huitian has received 7,000 orders for its land carrier flying vehicle, aiming to set a world record for annual sales of manned flying vehicles [9]. Group 3: Company Background and Market Position - Xiaopeng Huitian is recognized as Asia's largest flying car company, focusing on creating low-altitude products and aiming to revolutionize personal flight and air commuting [10]. - If the IPO is successful, Xiaopeng Huitian will become the second listed manned flying vehicle company in China [11]. - The company has completed several funding rounds, including over $500 million in Series A funding, marking the largest single financing in Asia's low-altitude manned flying vehicle sector as of 2021 [11]. Group 4: Recent Developments and Production Capacity - The production facility for the flying car began trial production on November 3, 2025, marking the establishment of the world's first production line for flying cars [14]. - The factory has an area of approximately 120,000 square meters, with an initial annual production capacity of 5,000 units, scalable to 10,000 units [14]. - The flying car features a unique design that allows it to operate both as a vehicle and an aircraft, with a price point of under 2 million yuan [16].

Core Viewpoint - Xiaopeng Motors is preparing for an IPO of its flying car subsidiary, Xiaopeng Huitian, with the aim of entering the capital market and transitioning from concept validation to commercialization in the flying car industry [2][4][12]. Group 1: Industry Context - The flying car sector represents a significant opportunity for growth, with predictions indicating that the eVTOL market could reach 9.5 billion RMB by 2026 and potentially exceed 1 trillion USD by 2030 [8]. - The Chinese electric vehicle market has surpassed a 50% penetration rate, leading to intense competition and price wars among manufacturers [5][6]. - The industry is experiencing a "consumption war," where companies are forced to lower prices and increase vehicle features to maintain market share, resulting in a highly competitive environment [6][7]. Group 2: Company Strategy - Xiaopeng Motors aims to find a new growth avenue by focusing on flying cars, which are seen as a less saturated market compared to traditional automotive sectors [8][12]. - The decision to spin off Xiaopeng Huitian for an independent IPO is a strategic move to leverage higher valuations associated with technology firms rather than traditional automotive metrics [10][11]. - The company has raised over 750 million USD through multiple funding rounds prior to the IPO, indicating strong investor interest in its flying car ambitions [11]. Group 3: Challenges Ahead - Xiaopeng Huitian faces significant regulatory hurdles, particularly in obtaining the necessary airworthiness certifications, which are critical for the commercial operation of flying vehicles [13][14]. - The competition in the flying car market is fierce, with established players like EHang and international companies such as Joby Aviation already making strides in certification and commercialization [16][18]. - The success of Xiaopeng Huitian's IPO and subsequent operations will depend on its ability to secure funding, navigate regulatory challenges, and differentiate itself in a crowded market [20][21].

公司核心产品为分体式飞行汽车"陆地航母"，该产品于2024年首次公开飞行。为推进量产，小鹏汇天位 于广州的智能制造基地已于2025年11月3日试产并下线首台飞行器，标志着全球首条飞行汽车量产线贯 通。该工厂建筑面积约12万平方米，规划年产能可达10000辆，初期年产能为5000辆。 据彭博社援引知情人士消息，小鹏汽车旗下飞行汽车业务板块小鹏汇天已启动在香港首次公开募股 （IPO）的筹备工作。相关消息显示，小鹏汽车已聘请摩根大通和摩根士丹利负责推进上市事宜。 知情人士透露，小鹏汇天已通过保密方式向香港证券监管机构提交了股份发售申请，相关交易最早可能 在今年内完成。目前，具体的上市时间、融资规模及估值等细节尚未最终确定。对于上述市场传闻，小 鹏方面截至发稿未作出回应。 小鹏汇天是小鹏汽车生态体系内专注于飞行汽车研发与产业化的独立业务板块。公司前身汇天成立于 2013年，小鹏汽车于2020年对其进行投资，小鹏汇天随后正式成立。公开资料显示，该公司在2021年完 成超过5亿美元的A轮融资，并在2024年及2025年先后完成1.5亿美元B1轮及2.5亿美元B轮融资。 本文源自：市场资讯 作者：观察君 按照计划，其首款量 ...

Core Viewpoint - Xiaopeng Motors has secretly submitted an IPO application for its flying car division, Xiaopeng Huitian, in Hong Kong, with JPMorgan and Morgan Stanley assisting in the process, potentially completing the IPO within this year [1] Group 1: Company Overview - Xiaopeng Huitian aims to be a "global leader in low-altitude products," focusing on creating safe and intelligent flying cars and low-altitude transportation solutions [1] - The company was established in 2020 after Xiaopeng Motors invested in Huitian, which originally started in Dongguan in 2013 [1] Group 2: Financial Milestones - Xiaopeng Huitian completed over $500 million in Series A financing in 2021 and secured an additional $150 million in Series B1 financing in 2024 [1] - Reports indicate that the company completed $250 million in Series B financing last year [1] Group 3: Product Development and Market Strategy - The company's split-type flying car, "Land Aircraft Carrier," is set for its first public flight in 2024 and will debut overseas in 2025 [1] - Xiaopeng Huitian has received approximately 5,000 orders for the "Land Aircraft Carrier" and plans to expand into overseas markets by 2027 [1]

Group 1 - The core message of the news is that XPeng Motors is advancing its technology and product offerings, including the launch of the second-generation VLA, humanoid robots, flying cars, and the initiation of Robotaxi operations by Q1 2026 [1][3]. - XPeng's second-generation VLA eliminates the "language translation" step, enabling direct generation of action commands from visual signals, which revolutionizes the traditional V-L-A architecture [3]. - The new VLA can utilize vast amounts of real driving video for training without manual data labeling, enhancing the performance of intelligent driving in complex environments [3][5]. Group 2 - The Robotaxi initiative represents XPeng's exploration into Level 4 autonomous driving, leveraging the capabilities of the second-generation VLA and VLM for low-latency interactions with the autonomous driving system [5]. - The new humanoid robot, IRON, features a human-like spine, bionic muscles, and flexible skin, with 82 degrees of freedom, allowing for natural and fluid movements [5]. - The flying car, XPeng Huìtiān A868, boasts a range of 500 km and a maximum speed of 360 km/h, with a passenger capacity of six [6]. Group 3 - XPeng Motors projects a global sales volume of 429,445 units by 2025, representing a 126% year-on-year increase, with overseas deliveries reaching 45,008 units, a 96% increase [8].