Market Overview - The Hang Seng Index is facing resistance at 26,500 points due to ongoing geopolitical uncertainties and potential fluctuations in international oil prices, with capital likely to flow out of Asian markets [1] - The economic growth target for mainland China has been slightly adjusted to a range of 4.5% to 5% for this year, aligning with expectations, while the opportunity for stimulus measures in the short term appears low [1] - The Hang Seng Index has formed a head-and-shoulders pattern since January, with recent support observed around 25,000 points [1] Company News - Samsung's union has voted 93% in favor of a strike, which may impact the global semiconductor supply chain [3] - Tencent reported a 17% increase in adjusted profits last year and plans to increase AI investments while potentially reducing share buybacks [3] - Alibaba Cloud has raised prices for AI services by up to 30% [3] - Baidu's AI computing services have also seen price increases of up to 30% [3] - Geely's profit rose slightly by 0.2% last year, setting a sales target of 3.45 million vehicles for this year [3] - AIA reported a 15% increase in new business value last year, which was below expectations [3] - HSBC is reportedly considering large-scale layoffs in the coming years, potentially affecting 20,000 employees [3] Macro Focus - The US Federal Reserve has decided to maintain interest rates, with expectations of one rate cut in 2026 and another in 2027, reflecting a cautious stance on monetary policy [4][7] - The Fed has adjusted its economic growth forecast for this year to 2.4%, with the unemployment rate expected to remain at 4.4% and inflation projected to rise to 2.7% [4][7] - The geopolitical situation in the Middle East is contributing to inflation concerns, which may limit the Fed's ability to cut rates further [4][7] - The US PPI for February increased by 3.4% year-on-year, exceeding expectations, indicating rising inflationary pressures [7] Industry Insights - The AI sector is experiencing rapid growth with significant upgrades in large models, driving demand in the semiconductor industry [6] - Geopolitical conflicts are disrupting aluminum supply, leading to fluctuations in aluminum prices [6] - The construction of low-altitude intelligent network systems is being promoted by the National Development and Reform Commission in China, indicating potential growth in related industries [8]

出来了，比 n5 基本没有升级。所有营销预算都在吹折痕，那说明别的地方是完全没有可吹之处了…𝘁𝗮𝗿𝗲𝘀𝗸𝘆 (@taresky):为什么 OPPO find n6 还没有出来…… ...

Core Viewpoint - The article discusses the evolution and challenges of foldable smartphones, particularly focusing on OPPO's journey in overcoming the persistent issue of creases in foldable screens, highlighting their significant investment and technological advancements in this area [2][4][7]. Group 1: OPPO's Journey in Foldable Technology - OPPO has been working on foldable screen technology since 2014, with a dedicated team led by Cheng Jiao, who has been with the company since its early days [5][12]. - The company has invested over 3 billion yuan in research and development for foldable screens, resulting in more than 3,500 technology patents [7]. - OPPO's latest model, the Find N6, aims to tackle the crease issue, which has been a significant barrier in the foldable smartphone market [4][54]. Group 2: Challenges and Innovations - The foldable smartphone industry has faced numerous challenges, particularly with the crease problem, which has led to delays and strategic shifts among major players like Apple and Samsung [2][4]. - OPPO's approach has been characterized by a commitment to solving one major issue with each product iteration, leading to significant advancements in design and functionality [8][28]. - The development of the Find N3 highlighted the limitations of OPPO's internal capabilities, prompting a reevaluation and restructuring of their R&D processes to better support future innovations [27][32]. Group 3: Collaboration and Supply Chain - OPPO has established a collaborative ecosystem termed "Sky Partner," which includes key suppliers like Samsung and Amphenol, to enhance their foldable technology [47][50]. - The company emphasizes a partnership approach with suppliers, viewing their challenges as shared responsibilities, which fosters a collaborative environment for innovation [48][49]. - The integration of various teams within OPPO has improved efficiency and innovation in the development of foldable technology, particularly in addressing the complexities of screen, hinge, and material design [32][41]. Group 4: Future Directions - OPPO plans to continue addressing the crease issue in future models while maintaining the lightweight and thin design achieved in the Find N5 [55][56]. - The company recognizes the importance of battery life and AI technology in future foldable devices, indicating a shift towards enhancing overall user experience [58]. - The commitment to continuous improvement and innovation in foldable technology reflects OPPO's long-term vision for the smartphone market [60][61].

Industry News - China's passenger car retail sales for January-February reached 2.602 million units, a year-on-year decline of 19.1% [3] - The retail sales of new energy passenger cars in China for the same period totaled 1.06 million units, down 25.7% year-on-year [3] - The National Industrial Information Security Development Research Center issued a risk warning regarding OpenClaw applications, highlighting potential security vulnerabilities that could lead to control loss and sensitive information leakage [3][5] - The cement market demand is steadily recovering as construction activities ramp up, with companies showing a strong willingness to raise prices due to low current prices and rising production costs [6] Company News - Cambrian announced a net profit of 2.059 billion yuan for 2025, turning a profit compared to previous losses, and proposed a dividend of 15 yuan per share along with a bonus issue of 4.9 shares for every 10 shares held [7] - Huadian announced the signing of a 13.962 billion yuan EPC contract for a solar-storage project in Abu Dhabi [11] - Micro LED light source chips developed by Zhaochi have completed R&D and are currently in the sample verification testing phase [10] - Baichuan announced a recent increase in market prices for some chemical products, but the impact on performance is currently uncertain [10]

Group 1 - The OPPO Find N6 will feature an "AI stylus" with industry-first AI capabilities, promising a unique user experience [1] - The OPPO Find N6 foldable smartphone is set to launch soon, with the promotional slogan "One Horse Flat" and a focus on a shallow crease design [4] - The device will continue to utilize the Hasselblad imaging solution, indicating a commitment to high-quality photography [4] Group 2 - Recent reports highlight that the new generation of foldable smartphones, including the OPPO Find N6, has achieved a breakthrough in crease control, making the crease nearly invisible to the naked eye [6][5] - The OPPO Find N6 follows the previous generation's advancement into the 8mm thin era, showcasing ongoing innovation in foldable technology [6]

Key Points - Meizu's mobile business has reportedly come to a halt and is set to officially delist in March 2026, with many employees leaving the company and debts becoming bad debts [3][4] - Liu Qiangdong has received five orders for large yachts, each averaging €60 million, and plans to invest in yacht manufacturing in China [14][15] - BYD is promoting long-term low-interest loans for its vehicles, with over 20 automotive brands following suit [16][17] - Xiaomi's legal issues continue as a self-media account was ordered to pay ¥5 million for infringement, with connections to NIO's founder being clarified [17][18] - Apple CEO Tim Cook's annual salary exceeds $74 million, and there are ongoing speculations about the company's first foldable iPhone [38][39] - Nvidia reported a 73% year-over-year revenue increase in its fourth fiscal quarter, exceeding market expectations [40][41] - Aston Martin plans to cut 20% of its workforce due to declining sales and challenging tariff policies [46][48] - Ubisoft is undergoing a major restructuring, planning to lay off over 2,000 employees to achieve a cost reduction target of €200 million [50][51] - Unity Software is considering selling its Chinese operations, with a potential valuation exceeding $1 billion [53]

Group 1 - OPPO Find N6 has received the Rhein certification as the world's flattest foldable smartphone, indicating a significant achievement in addressing the core issue of screen flatness in foldable devices [1] - The success of OPPO Find N6 is attributed to its two innovative technologies: the seamless titanium alloy hinge and self-healing memory glass, which overcome the physical limitations of foldable designs and enhance screen protection and durability [2] - An important industry insight reveals that a major international manufacturer is adopting OPPO's technology for its upcoming foldable device, with a development delay of approximately six months, suggesting that Apple is likely the company in question [3] Group 2 - The adoption of OPPO's technology by a leading smartphone manufacturer highlights OPPO's transition from a "follower" to a "rule-maker" in the foldable screen technology sector, showcasing its competitive edge over international giants [3]

Core Viewpoint - OPPO Find N6 is highlighted as the "flattest" foldable phone globally, tested by Rhein, indicating high credibility in its design and technology [1]. Group 1: Product Features - OPPO Find N6 will debut with "seamless titanium alloy hinge + self-repairing memory glass," showcasing two innovative technologies in the industry [1]. - The device is expected to feature a shallow crease design, as suggested by promotional materials [1]. - The collaboration with Hasselblad for imaging technology will continue in the OPPO Find N6, enhancing its photography capabilities [1]. Group 2: Competitive Landscape - A major international company, likely Apple, is reportedly adopting OPPO's design solutions for its upcoming foldable device, but is expected to lag by approximately six months [1].

Group 1 - Lei Jun announced two major initiatives on the first working day of the lunar year, including distributing red envelopes to Xiaomi employees and unveiling a new color for the Xiaomi SU7, named "Chixia Red," which is inspired by the dawn and features a vibrant, metallic finish [3] - The new color "Chixia Red" has received positive feedback online, with many users preferring it over the previous "Brilliant Pink" [4] Group 2 - OPPO officially announced the Find N6, which is expected to have the smallest foldable crease in history, building on the previous model's impressive 0.15mm crease. The device features an 8.12-inch inner display, a 6.62-inch outer display, and a 6000mAh battery, along with 80W wired fast charging and a 200MP main camera [6] - Additionally, OnePlus announced the OnePlus 15T, a compact flagship device, although no specific release date was provided [6] Group 3 - Vivo underwent significant personnel changes, with CEO Shen Wei no longer serving as president. Hu Baishan has been promoted to president and COO, while other executives have had their reporting structures adjusted [9] Group 4 - Honor announced that the Magic V6 will be globally unveiled on March 1 at MWC, showcasing a red version of the device [11]

Group 1 - Xiaomi's Lei Jun will host a live stream at the Xiaomi Custom Service Center, showcasing the new SU7 car and discussing recent developments in Xiaomi's automotive sector, including legal updates for users [4] - Vivo is leveraging the return of brand ambassador Zheng Qinwen to promote the Vivo X300 series, which has sold approximately 1.4 million units, ranking third among domestic flagship brands [7] - OPPO has announced a significant update for its ColorOS, introducing features like AI writing for New Year greetings and enhancements for various applications, while also preparing for the launch of the Find N6 foldable phone [8] Group 2 - Honor is offering a limited-time discount of 300 yuan on two models, the Honor Magic8 Pro mini and Honor Magic V Flip2, with a total discount of 800 yuan, bringing the starting price of the Magic8 Pro mini to 4199 yuan [10]