人民财讯1月5日电，1月5日，就王自如"不相信安卓可以做出比苹果更好的Air"的观点，荣耀高管李坤 做出回应。李坤在其个人微博表示："自如老师看来是真远离圈子有点久了，你不相信的既Pro又Air产 品荣耀做到了。" ...

Group 1 - Loomis Sayles Small Cap Value Fund reported a return of 6.21% in Q3 2025, underperforming the Russell 2000 Value Index which returned 12.60% [1] - The strong performance of US equities in Q3 was attributed to easing tariff concerns, a pro-growth budget from Congress, and expectations of further rate cuts by the Federal Reserve [1] - CECO Environmental Corp. (NASDAQ:CECO) was highlighted as a key stock in the fund, with a one-month return of 20.40% and a 52-week gain of 113.27% [2] Group 2 - CECO Environmental Corp. provides solutions for industrial air quality, water treatment, and energy transition, and was added to the fund in September 2023 during a turnaround phase [3] - The company has shown consistent improvement in its business through organic growth and acquisitions, with strong earnings and exceptional incoming orders reported in Q3 [3] - CECO's stock closed at $62.51 on December 24, 2025, with a market capitalization of $2.228 billion [2]

Core Viewpoint - JetBrains has decided to discontinue its Fleet IDE, which has been in public preview since its launch in 2021, and will focus on a new intelligent development environment called Air, indicating a shift in strategy to adapt to market trends and developer needs [3][4][8]. Group 1: Fleet IDE Discontinuation - Fleet IDE was intended to be a lightweight, collaborative tool that could adapt to remote projects, developed in response to the competitive pressure from Microsoft’s Visual Studio Code [3]. - Despite some initial interest, the majority of developers preferred the established IntelliJ tools due to its robust plugin ecosystem and the uncertainty surrounding Fleet's prolonged preview status [4]. - JetBrains announced that Fleet will no longer be available for download after December 22, 2025, citing confusion among users and a diversion of company resources as reasons for this decision [4][5]. Group 2: Transition to Air - The new tool, Air, is built on the Fleet platform and aims to introduce a novel workflow where developers guide an intelligent assistant to generate code, which they then review [5][8]. - Air is currently in public preview and requires a subscription to Anthropic services for access, with plans to support additional operating systems and features in the future [7]. - The decision to pivot to Air reflects JetBrains' ongoing strategy to keep pace with the evolving landscape of AI development tools, similar to offerings from AWS, Google, and Microsoft [8]. Group 3: Developer Reactions - Some developers expressed disappointment over the discontinuation of Fleet, feeling that it had the potential to compete effectively with VS Code [8]. - There are concerns among developers that instead of creating new tools, JetBrains should integrate intelligent features into its existing, mature IDEs, which are already well-regarded [9].

Core Viewpoint - JetBrains has decided to discontinue the development of its IDE Fleet, which has been in public preview since its launch in 2021, and will focus on a new development environment called Air aimed at agentic development [2][6]. Group 1: JetBrains and Fleet - JetBrains has a comprehensive suite of IDE products primarily based on the IntelliJ core platform, which has been in use since 2001 [4]. - Fleet was intended to be a lightweight, collaborative IDE to compete with Microsoft's Visual Studio Code (VS Code), which has gained popularity for its features [4][5]. - Despite some initial interest, most developers remained loyal to the IntelliJ series due to its robust plugin ecosystem and Fleet's prolonged public testing status [5]. Group 2: Discontinuation of Fleet - JetBrains announced that Fleet will no longer be available for download starting December 22, 2025, as maintaining two IDE product lines was causing user confusion and internal resource dilution [6]. - The company acknowledged that it failed to replace IntelliJ IDEA with Fleet or narrow its focus to a clear, differentiated niche [6]. - Although Fleet is being discontinued, its components will be integrated into other JetBrains IDEs, and the new product Air is an evolution of the Fleet platform [6]. Group 3: Introduction of Air - Air is designed to focus on a new workflow that leverages AI capabilities, allowing developers to delegate significant tasks to agents, which contrasts with traditional IDE workflows [7][8]. - The agentic workflow involves structured task definitions and asynchronous execution, which necessitates a different tool experience than traditional IDEs [8]. - Air is currently in public testing and will support multiple operating systems and cloud execution, enhancing its functionality beyond what Fleet offered [8]. Group 4: Developer Reactions and Market Position - Some developers expressed disappointment over the discontinuation of Fleet, believing it had the potential to compete effectively with VS Code and other emerging tools [10]. - The shift from Fleet to Air reflects a recurring pattern in JetBrains' strategy to adapt to evolving software development paradigms, particularly in the AI programming tool space [11]. - There are concerns about the necessity of creating a new tool rather than enhancing existing IDEs with AI features, raising questions about developer migration to Air [11].

Core Viewpoint - Lucid Group Inc. is facing significant challenges under the leadership of interim CEO Marc Winterhoff, with the company being considered for the annual worst CEO list due to strategic missteps and poor financial performance [1][3][7]. Financial Performance - Lucid's stock has declined by 53% this year, contrasting with a 16% gain in the S&P 500 [3]. - In the third quarter, Lucid produced 3,891 vehicles and delivered 4,078, resulting in revenue of $336 million, an increase from $200 million year-over-year. However, the company reported a loss of $1.03 billion, up from a loss of $950 million in the same quarter last year [5]. Market Position and Strategy - Lucid has struggled with low vehicle sales, selling only a small number of vehicles despite the expiration of the $7,500 tax credit for electric vehicles, which was expected to boost sales [4]. - The company has priced its vehicles too high for the current market, which is leaning towards more affordable electric vehicles. Management plans to introduce models priced around $50,000 by 2029, but there are doubts about the company's viability by then [8]. Future Outlook - The Chief Financial Officer made a vague statement suggesting that Q4 might be a good quarter, but projections indicate a sales run rate of only 8,500 units, potentially leading to another billion-dollar loss in the fourth quarter [9]. - Lucid has introduced attractive lease offers, but the base price of its Air model starts at $70,900, with higher-end models reaching up to $114,900. The Gravity model is expected to be the best seller in the current quarter, starting at $79,000 and going up to $127,000 [10].

Core Insights - Atmus Filtration Technologies Inc. (NYSE:ATMU) is recognized as one of the 14 best up-and-coming dividend stocks to buy [1] - Northland raised its price target for Atmus from $50 to $59 while maintaining an Outperform rating, citing strong quarterly results and solid shareholder returns despite challenging market conditions [2] - Atmus announced an agreement to acquire Koch Filter for $450 million, planning to finance the deal through cash and credit facility borrowings, with the acquisition expected to close in Q1 2026 [3] - The company reiterated its revenue guidance for 2025, projecting sales between $1.72 billion and $1.745 billion [3] - Atmus specializes in designing, manufacturing, and selling filtration products for heavy-duty vehicles and industrial equipment [4]

Core Insights - Chessnut has launched next-generation smart boards that blend traditional chess with online gaming, aiming to set a new standard for both enthusiasts and professionals [1][4][17] Product Overview - The Chessnut lineup includes various models catering to different player needs, such as: - **Chessnut Air**: Lightweight and affordable, ideal for students and club players, compatible with Lichess and Chess.com [6] - **Chessnut Pro**: A premium tournament board with hidden LED indicators and built-in AI, praised for its aesthetic and competitive pricing [8] - **Chessnut Evo**: A high-end model featuring a built-in chess engine for training and analysis, designed for serious players [10] - **Chessnut Go**: Compact and portable, perfect for players on the move, encapsulating Chessnut's innovative spirit [12] Technological Integration - Chessnut boards replicate moves in real time and detect every action, allowing players to compete online while maintaining the tactile experience of physical pieces [4][5] - The company emphasizes the importance of preserving the traditional essence of chess in the digital age, creating a technological ecosystem that enhances the game [5][15] Community and Ecosystem - Chessnut aims to build a vibrant community around its products, with frequent software updates and user engagement to enhance functionality and compatibility [15] - The goal is to make each board a tool for continuous improvement while maintaining the emotional connection to classical chess [15]

Summary of RingCentral Conference Call Company Overview - **Company**: RingCentral - **Industry**: Unified Communications as a Service (UCaaS) Key Points Financial Performance - **Q3 Earnings**: Achieved revenue at the top end of guidance with record operating margins [8] - **Free Cash Flow**: Expanded free cash flow to over $525 million, with free cash flow per share growth of 35% [10][50] - **Stock Buybacks**: Continued stock buybacks, reducing share count to 2020 levels [11][54] - **Debt Management**: Reduced gross debt to under $2 billion, with a commitment to reach $1 billion by the end of 2026 [11][54] Market Position - **Market Share**: Maintains a 20% market share in the UCaaS sector, serving over 500,000 customers and 8 million digital lines [8][56] - **Customer Growth**: Added over 1,000 customers to the RingCX contact center solution in under two years [56] Product Development - **AI Product Portfolio**: Launched new AI products (Air, Ava, Ace) that are driving demand and revenue growth [9][32][34] - **Air**: Handles initial calls, improving efficiency and reducing missed calls, leading to increased revenues for clients [23][24] - **Ava**: Acts as a copilot during calls, taking notes and assisting agents [32] - **Ace**: Provides conversational intelligence, allowing for analysis of 100% of calls [34] - **Ease of Deployment**: New products are easy to deploy, allowing customers to set them up without professional services [28] Customer Segments - **Golden Verticals**: Approximately 50% of business comes from healthcare, financial services, retail, and professional services, where voice remains critical [20] - **New Customer Acquisition**: Half of the new product users are new customers, indicating strong market demand [21][22] Competitive Landscape - **Differentiation**: RingCentral's scale and established platform provide a competitive advantage in the AI space, with a significant investment in innovation [57][58] - **Market Dynamics**: The company is well-positioned to capture market share from smaller players and benefit from the ongoing migration from on-premise to cloud solutions [56][64] Operational Efficiency - **AI Utilization**: Increased use of AI across various functions, leading to improved operating margins and productivity [41][42] - **Cost Management**: Focus on revenue growth outpacing expense growth, with disciplined hiring and vendor consolidation [49] Future Outlook - **Growth Strategy**: Plans to continue expanding the AI product suite and leveraging existing customer relationships for cross-selling opportunities [44] - **Market Trends**: Anticipates accelerated migration to cloud solutions driven by the need for AI capabilities [64] Additional Insights - **Customer Success Stories**: Highlighted examples of clients achieving significant revenue increases and improved customer satisfaction through the use of AI products [24][42] - **Investment in R&D**: Over $250 million allocated to R&D, with a focus on AI products [53] This summary encapsulates the key insights and developments discussed during the RingCentral conference call, highlighting the company's strong financial performance, innovative product offerings, and strategic market positioning.

Core Insights - AKWEL reported a consolidated revenue of €730.7 million for the first nine months of 2025, reflecting a decline of 3.6% compared to the same period in 2024 [2][4] Revenue Performance - The quarterly revenue breakdown shows a consistent decline: Q1 at €255.6 million (-3.0%), Q2 at €255.0 million (-3.9%), and Q3 at €220.1 million (-3.9%) [3][4] - The total revenue for the first nine months was €730.7 million, with a constant scope and exchange rate decline of 3.0% [3][4] Geographic Revenue Distribution - Revenue distribution by region indicates a decline in the Americas (-6.7% to €214.8 million) and Asia (-13.6% to €24.6 million), while EMEA saw a slight decrease of 1.6% to €491.3 million [9] Product Line Performance - Revenue for Products and Functions decreased by 1.4% to €712.6 million, with growth in Cooling (+1.6%), Decontamination (+7.0%), Fuel (+5.1%), and Oil (+5.7%), while Air (-19.1%), Mechanisms (-4.7%), and Control (-5.5%) faced declines [5] Financial Position - The consolidated net cash position was €168.9 million as of September 30, 2025, an increase of €19.6 million from June 30, 2025, after accounting for an investment of €8.4 million in the quarter [6] Future Outlook - The company anticipates a double-digit decline in consolidated revenue for 2026, primarily due to expected decreases in SCR tank volumes and a negative outlook across all product lines [8][11] - Challenges include market depression, slow electric vehicle development, and competitive pressures, particularly from Chinese manufacturers [11]

RingCentral (NYSE:RNG) Update Summary Industry Overview - RingCentral operates in the business communications industry, focusing on cloud-based voice services and customer engagement solutions. Key Points and Arguments Corporate Strategy and AI Integration - RingCentral is incorporating AI into its corporate strategy to enhance product innovation and customer engagement [2][10] - The company emphasizes that voice communication is not dead but is experiencing a renaissance, driven by AI advancements [8][9] Market Position and Financial Performance - RingCentral holds approximately 20% market share in the business voice sector, maintaining its leadership position by revenue [13] - The company reported over $2.5 billion in revenue and over $500 million in free cash flow, with strong double-digit growth in free cash flow per share [18][19] Product Portfolio and Innovations - The introduction of the agentic voice AI suite, including AIR (AI receptionist), AIVA (AI virtual assistant), and ACE (AI conversation expert), aims to enhance customer interactions and operational efficiency [30][31][32] - RingCentral's new products are experiencing rapid adoption, with AIR reaching 5,800 customers and CX surpassing 1,300 accounts [60][28] Customer Engagement and Use Cases - The company serves approximately 500,000 businesses and 8 million users, focusing on sectors like healthcare, financial services, and retail [15][16] - RingCentral's solutions are designed to facilitate customer engagement, allowing businesses to handle calls and texts efficiently [11][12] Growth Potential and Market Opportunities - The total addressable market (TAM) for RingCentral is estimated at $150 billion, with significant growth opportunities in UCaaS, CCaaS, and AI for customer experience [50][49] - The company aims for AI-led products to contribute at least 10% of total revenues within a few years, with current growth rates in triple digits [39][40] Partnerships and Distribution Channels - RingCentral has a robust network of over 16,000 channel partners and partnerships with major global service providers like AT&T and British Telecom [43][44] - The company emphasizes the importance of partnerships in expanding its market reach and product adoption [42] Customer Success Stories - Examples of successful implementations include a Fortune 500 insurance company and a national restaurant chain, both of which reported significant ROI and operational improvements after adopting RingCentral's solutions [64][66][71] Employee and Management Team - RingCentral employs around 7,000 associates, including 2,000 engineers focused on innovation [12][45] - The management team has extensive experience in the industry, contributing to the company's stability and growth [46][47] Future Outlook - RingCentral is committed to continuous innovation and transformation, leveraging AI to enhance customer experiences and operational efficiency [56][57] - The company is focused on maintaining its leadership in voice communications while expanding its AI capabilities [55][54] Additional Important Content - The presentation highlighted the importance of voice as a primary mode of communication and its integration with AI to improve customer interactions [53] - RingCentral's approach to customer engagement includes a hybrid model that combines traditional contact center solutions with modern AI capabilities [24][25]