如今越来越多的电视已经加入了AI功能，但大家不知道的是，在电视的生产环节，已经开始使用AI机 器人来制造电视了。在长虹智慧显示的工厂里，运用AI机器视觉识别技术的智能螺钉紧固机器人，在 生产不同型号的电视时，只需要2-3分钟就能实现不同产品型号之间的"换产"工序，这在过去没有应用 到AI技术时，一次换产工序往往需要几个小时，新技术的应用大大提高了产线的生产效率。 ...

9月27日，第十三届中国（绵阳）科技城国际科技博览会开幕第二天，作为绵阳本土龙头企业，长虹控股集团以"熊猫AI智能家电"与"硬核科技成 果"的反差组合惊艳全场——既用萌趣科技注入生活温度，展现科技赋能日常的温情，又以关键领域突破彰显服务国家战略的硬核实力，凭借"科技创造美 好生活，智造服务国家需求"的双重实践，成为本届科博会最受瞩目的"科技多面手"，吸引了大量媒体大V团以及市民朋友前来长虹展位观展。 熊猫AI打造"萌力主场" 让科技有温度 科博会长虹展区入口，"熊猫AI 快乐生活"主题拱门率先抓住观众目光，展区顶部的全息投影循环演绎大熊猫竹林嬉戏场景，清脆的竹叶声搭配憨态 可掬的画面，引得过往观众纷纷驻足拍照。这组从德国IFA展载誉归来的熊猫智能家电系列，此次在"家乡"绵阳完成"主场首秀"，一亮相便成为人气焦 点。 医疗健康展区的X-Flash放射治疗系统，是全场最受关注的"民生科技"展品之一。它是国际首创的超高剂量率FLASH放疗设备，适用于深层实体肿瘤 治疗。根据前期研究，FLASH放疗具有在保证肿瘤杀伤的同时最大程度保护周围正常组织的作用，有望减少治疗副作用和治疗时间。"据了解，长虹同系 列的e-Fla ...

Core Viewpoint - TCL Electronics reported strong mid-year performance with significant revenue and profit growth, driven by innovative business segments, particularly in the photovoltaic sector [1] Financial Performance - Revenue for the first half reached HKD 54.777 billion, representing a year-on-year increase of 20.4% [1] - Net profit attributable to shareholders was HKD 1.09 billion, up 67.8% year-on-year [1] - Adjusted net profit attributable to shareholders was HKD 1.06 billion, reflecting a 62.0% year-on-year growth [1] Market Position and Strategy - The company's performance exceeded expectations due to the growth in innovative business segments, especially in the photovoltaic sector [1] - The demand growth was supported by the trade-in policy, enhancing the company's competitive edge through vertical integration of display panels and complete machines [1] - TCL's market share in mid-to-high-end televisions has been steadily increasing, with improvements in pricing and profitability trends [1] Future Growth Potential - The company is actively advancing in smart technology and AI applications, with developments in AI televisions and smart glasses [1] - A new product cycle may open up growth opportunities, supporting the long-term value enhancement of the company [1]

Core Viewpoint - TCL Electronics reported strong mid-year performance with significant revenue and profit growth, driven by innovative business segments, particularly in the photovoltaic sector [1] Financial Performance - Revenue for the first half reached 54.777 billion HKD, representing a year-on-year increase of 20.4% [1] - Net profit attributable to shareholders was 1.09 billion HKD, up 67.8% year-on-year [1] - Adjusted net profit attributable to shareholders was 1.06 billion HKD, reflecting a 62.0% increase year-on-year [1] Market Position and Strategy - The company's performance exceeded expectations due to the growth in innovative business segments, especially in the photovoltaic sector [1] - The demand growth was supported by the "old-for-new" policy, enhancing the company's competitive edge through vertical integration in display panels and finished products [1] - TCL has steadily increased its market share in mid-to-high-end televisions, benefiting from years of channel development and brand building in key markets like North America and Europe [1] Future Growth Potential - The company is actively advancing in smart technology and AI applications, with developments in AI televisions and smart glasses, indicating potential for a new product cycle that could enhance long-term value [1]

Core Insights - TCL Electronics reported a revenue of 54.777 billion yuan for the first half of the year, representing a year-on-year growth of 20.4% [1] - The net profit reached 1.09 billion yuan, showing a year-on-year increase of 67.8% [1] - Adjusted net profit was 1.06 billion yuan, up 62%, nearing the upper limit of the performance forecast [1] Market Dynamics - The demand growth was driven by the "trade-in" policy, enhancing the company's competitive edge through vertical integration of display panels and complete machines [1] - Cost control and product competitiveness have significantly improved, contributing to the company's performance [1] - The market share in the mid-to-high-end television segment has steadily increased due to years of channel cultivation and brand building in core markets like North America and Europe [1] Future Outlook - The company is actively promoting the application of smart technology and AI, with existing layouts in AI televisions and smart glasses [1] - A new product cycle may open up growth opportunities, supporting the long-term value enhancement of the company [1] - The target price has been raised from 10.8 HKD to 11.7 HKD, maintaining a "buy" rating [1]

Core Insights - TCL Electronics reported a revenue of 54.777 billion yuan for the first half of the year, representing a year-on-year growth of 20.4% [1] - The net profit reached 1.09 billion yuan, showing a significant year-on-year increase of 67.8% [1] - Adjusted net profit was 1.06 billion yuan, reflecting a growth of 62%, nearing the upper limit of the performance forecast [1] Company Performance - The demand growth was driven by the "old-for-new" policy, enhancing the company's competitive edge through vertical integration of display panels and complete machines [1] - Cost control and product competitiveness have significantly improved, contributing to the overall performance [1] - The company has steadily increased its market share in the mid-to-high-end television segment, supported by years of channel cultivation and brand building in core markets like North America and Europe [1] Future Outlook - The company is actively advancing the application of smart technology and AI, with existing layouts in AI televisions and smart glasses [1] - A new product cycle may open up growth opportunities, supporting the long-term value enhancement of the company [1] - The target price for TCL Electronics has been raised from 10.8 HKD to 11.7 HKD, maintaining a "buy" rating [1]

作者：Hasove 冰箱、彩电、洗衣机，曾经的家庭必备三大件，唯独客厅那台电视吃了灰。 如今的电视厂商们，有时候真挺像沙滩上的小孩儿挖坑，互相较着劲，生怕自己的坑挖的浅了——只不过这一次，真可能给自己挖了个坑。最近两年，电视 厂商蹭热度般地把战场转移到了AI这里。语音控制、画质优化，到大模型接入实现全屋智能，将这场"技术军备竞赛"打得火热。 可热闹归热闹，当我们把目光投向客厅那台落灰的电视时，却发现这场竞赛里，观众似乎比选手更冷静。 电视曾经可是家里的"C位担当"。二十年前，一家人围在"大屁股"电视前看《还珠格格》的场景，估计不少人都还记得。可如今，根据洛图科技的数据显 示，2023年全球电视出货量2.01亿台，创下十年新低，中国市场更惨，出货量3656万台，同比下降8.4%。 电视厂商把"技能树"点歪了 从CRT到LCD，再到OLED、QLED、MiniLED，电视技术的演进节奏其实是十分规律的，每一代的技术突破，都能带来新的画质层面的提升。比如OLED的 自发光特性，让黑色更纯粹；QLED的亮度提升，让画面更通透。 可到了AI电视这儿，不管是画质、音质还是交互，对于用户来说好像并没有实质上的感官体验提升。 ...

TCL经历了一个缺乏增长的2024财年。 公司年报显示，2024年TCL全年营业收入为1648.23亿元，同比下降5.47%；归母净利润为15.64亿元，同 比下降29.38%；扣非归母净利润为2.98亿元，同比大幅下降70.78%。 其中，处于行业下行周期的新能源光伏业务录得超过五成的同比降幅，对整体营收产生了较大负面影 响。全年营收首度破千亿的显示业务虽取得了25%的同比增长，但也未能填平光伏业务留下的大坑。 显然，公司需要更多增量以形成支点，来撬动整体业务重回增长区间。TCL的选择是AI。 近期2025 CIC中国智慧生活大会上，TCL实业中国区总裁卢春水大胆断言，"AI时代下，家电必定成为 新的朝阳产业"，明牌押宝AI的同时，与夕阳（下行）对应的朝阳（上行）一词，也多少显露出公司谋 求新增长的信号。 这一选择，既是对当下业务困境的直接回应，也是在产业变革节点上的一次战略预判。国际注册创新管 理师卢克林向北京商报记者指出，传统家电行业在存量更新需求薄弱、地产红利见顶等不利因素下，天 花板肉眼可见，而AI带来的服务订阅、数据增值等变量，或将成为解锁新增长的钥匙。 "谁先做厚生态，跑通分成，谁就拿到下一轮周 ...

Core Insights - The Chinese AI hardware market (excluding AI smartphones and AI vehicles) is projected to exceed 1 trillion yuan for the first time in 2023 and will continue to grow rapidly over the next five years [1][3][5] Market Growth and Projections - The market size for AI hardware in China is expected to reach 1,102 billion yuan by 2025, representing a 13.4% increase from 971.8 billion yuan in the previous year [5] - The compound annual growth rate (CAGR) for the domestic AI hardware market over the next five years is conservatively estimated at 18% [5] Market Drivers - Four key drivers are identified for the rapid development of the AI industry in China: 1. Policy support 2. Technological breakthroughs, such as the DeepSeek model being integrated with over 200 companies 3. Application scenarios and data support 4. Capital investment, with AI-related investment expected to reach 80 billion yuan in 2023, doubling from the previous year [3][5] Market Segmentation - In 2023, the AI consumer electronics hardware market is estimated to be approximately 461 billion yuan, while the public service AI hardware market is projected to be around 641 billion yuan [5] - The breakdown of the AI hardware market includes: - Smart wearables: 1,190 million yuan - Black electronics (including projectors): 1,180 million yuan - White goods: 760 million yuan - Home appliances: 480 million yuan - Kitchen appliances: 290 million yuan - Educational smart hardware: 340 million yuan - Smart home hardware: 370 million yuan [6] AI Penetration in Consumer Electronics - The penetration rates of AI in various consumer electronics are as follows: - 90% in robotic vacuum cleaners, air purifiers, and smart mattresses - Over 70% in AI televisions - Over 30% in kitchen appliances - 20% in refrigerators, washing machines, and air conditioners - 87% in projectors for smart voice interaction [7][8] Characteristics of AI and Smart Hardware Integration - The integration of AI with smart hardware exhibits several characteristics: 1. Intelligent interaction through voice and gesture recognition 2. Lightweight technology requiring low power consumption 3. Ecosystem-oriented scenarios emphasizing cross-device interaction 4. Market differentiation with high-end premium products alongside accessible AI solutions 5. The need for deep experience to appreciate AI enhancements in products [8]

Group 1 - The "2025 China Listed Companies Brand Value List" was released, showcasing the brand value of listed companies in China, with a total brand value of 20.46 trillion yuan, an increase of 2.65 trillion yuan or 14.9% year-on-year [4][5] - Tencent and Alibaba ranked first and second in brand value, with values of 26,824 billion yuan and 18,335 billion yuan respectively, followed by China Mobile, Pinduoduo, and Kweichow Moutai in the top five [4] - The event also introduced the "Yangtze River Delta Listed Companies Brand Value List TOP100," highlighting the brand value and market influence of companies in that region [1][2] Group 2 - The event featured discussions on the integration of brand and cutting-edge digital technology, emphasizing the trend of brand IP (intellectual property) development [5] - A total of 30 companies were recognized as classic brand cases, including Agricultural Bank of China, Yili Group, and GAC Group, while 10 executives were awarded as Chief Brand Officers [5] - The "Daily Economic News" announced its AI strategy, aiming to create a new type of intelligent media group and enhance brand communication through innovative products [6][7]