钟睒睒卸任养生堂保健品电商公司法定代表人 11月20日，天眼查工商信息显示，近日，养生堂（杭州）保健品电子商务有限公司发生工商变更，钟睒 睒卸任法定代表人、财务负责人，并由执行董事改任董事，陈康接任法定代表人并担任经理，同时，多 位高管均发生变更。 21世纪经济报道新消费工作室综合报道 今日消费参考的主要内容有：钟睒睒卸任养生堂保健品电商公司法定代表人；华熙生物旗下德玛润品牌 关闭线上渠道；沃尔玛Q3中国净销售额达到61亿美元。 行业动态 该公司成立于2014年5月，注册资本1000万人民币，经营范围包括预包装食品销售、特殊食品销售、市 场推广宣传等。股东信息显示，该公司由养生堂药业有限公司全资持股。 Seesaw Coffee被执行金额超299万 天眼查APP显示，近日Seesaw Coffee关联公司上海西舍咖啡有限公司(下称西舍咖啡)因通过登记的住所 或者经营场所无法联系，被上海市市场监督管理局列入经营异常名录。今年11月以来，西舍咖啡新增3 条被执行人信息，被执行金额大约27.88万元。截至目前，该公司被执行总金额累计超过299万元，历史 被执行人总金额累计超过1305万元；失信被执行人信息有10条， ...

Group 1 - Nvidia reported third-quarter revenue of $57.01 billion, exceeding market expectations of $55.19 billion [2] - Li Auto acknowledged underestimating Xiaomi's impact on the automotive market, leading to strategic adjustments in response to declining sales [2] - Xiaomi's entry into the automotive sector has intensified competition, with two successful models launched in two years [2] Group 2 - OpenAI announced the release of the GPT-5.1-Codex-Max programming model, which significantly enhances long-term reasoning, efficiency, and real-time interaction capabilities [3] - Elon Musk stated that the development of generative AI will render money "meaningless," although energy and quality will still impose limitations [4] Group 3 - Kuaishou reported third-quarter revenue of 35.6 billion yuan, a year-on-year increase of 14.2%, with core business revenue growing by 19.2% [5] - Kuaishou's operating profit increased by 69.9% year-on-year to 5.3 billion yuan, while adjusted net profit rose by 26.3% to 5 billion yuan [5] Group 4 - A report predicts that global DRAM prices, which have already surged by 50% this year, may rise an additional 30% by Q4 2025 and 20% in early 2026 [8]

Core Viewpoint - Apple is not delaying the release of iPhone Air 2 due to poor sales, but rather has no plans to release it next year, indicating a shift in their product strategy [1][2] Group 1: Product Release and Strategy - Apple has removed the "17" from the iPhone Air naming convention, suggesting it is not intended for annual updates [1] - Reports of the iPhone Air 2 being postponed are inaccurate; it was never scheduled for release next year [1] - The iPhone Air is expected to account for 6% to 8% of new iPhone sales, similar to the iPhone 16 Plus [1] Group 2: Technical Features and Upgrades - The main focus for iPhone Air 2 will be the adoption of a 2nm chip, enhancing battery life, rather than significant structural changes [2] - While adding a second ultra-wide rear camera is technically feasible, it may not be practical given the crowded camera module space [2] - Future designs, such as a foldable iPhone, may incorporate dual rear cameras, which could influence standard models [2] Group 3: Future Release Timeline - Apple plans to release three high-end models, iPhone 18 Pro, iPhone 18 Pro Max, and a foldable model in Fall 2026 [2] - The iPhone 18, iPhone 18e, and potentially the iPhone Air 2 are expected to launch in Spring 2027 [2]

Group 1: Apple and iPhone Developments - Apple has launched the iPhone Pocket in collaboration with Issey Miyake, featuring a unique 3D knitted structure that accommodates all iPhone models and other small items [2] - The iPhone Air second generation is currently in testing, with sales of the first generation falling short of expectations, leading to only one of the top five domestic manufacturers continuing to pursue ultra-thin flagship models [2] Group 2: SoftBank and Nvidia - SoftBank has disclosed a complete exit from Nvidia, generating $5.83 billion in funds, which has attracted significant market attention [3] - The CFO of SoftBank indicated that the sale was part of a strategy to raise funds for substantial investments in OpenAI, without commenting on the valuation aspect of the Nvidia shares sold [3] Group 3: Xiaomi's Sales Performance - Xiaomi reported that its total payment amount during the Double 11 shopping festival exceeded 29 billion yuan, with the company claiming to have provided 2 billion yuan in discounts [5] Group 4: Automotive Industry Trends - In China, the sales of new energy vehicles (NEVs) have surpassed 50% of total new car sales for the first time in October, indicating a significant shift in the automotive market [9][10] - From January to October, China's automotive production and sales reached 27.69 million units, with NEV production and sales at 13.01 million and 12.94 million units, respectively, reflecting year-on-year growth of 33.1% and 32.7% [10] Group 5: Tesla Executive Departures - Two executives from Tesla have left the company, including the project manager for the Model Y and the project head for the Cybertruck, marking a notable shift in leadership [6] Group 6: Sony's New Product Launch - Sony announced the release of a low-priced version of the PlayStation 5, set to launch on November 21, exclusively in Japan, priced at 55,000 yen (approximately 2,542 yuan) [7]

Core Insights - Apple has delayed the release of the next-generation iPhone Air due to disappointing sales of the current model, leading to a halt in production lines [1][3][12] - The iPhone Air accounted for only 3% of total iPhone sales in September, significantly lower than the iPhone 17 Pro and iPhone 17 Pro Max, which accounted for 9% and 12% respectively [7][11] Production and Sales Impact - Manufacturing partners Foxconn and Luxshare have drastically reduced or halted production of the iPhone Air, with Foxconn dismantling most of its production lines and Luxshare ending its production run in October [5][4] - Only about 10% of Apple's iPhone manufacturing capacity was allocated to the Air, yet this limited output has been difficult to sell [5] Product Features and Consumer Feedback - The iPhone Air was criticized for its single-camera setup, short battery life, and weaker speakers compared to Pro models, which contributed to its lackluster sales [4][6] - Engineers were exploring a redesign for the iPhone Air 2, which would include a second rear camera and improvements in battery and cooling technology [8][11] Future Prospects - Although the iPhone Air 2 was initially planned for a fall 2026 release, it has now been removed from the release schedule without a new date set, indicating uncertainty in its future [1][14] - Some engineers and suppliers are still working on the device, suggesting a potential launch in spring 2027 alongside other iPhone models [11]

Core Viewpoint - Apple is expected to continue the new design introduced with the iPhone 17 Pro and 17 Pro Max into the iPhone 18 Pro series, with a focus on introducing three new color options to create visual differentiation [1][3]. Design and Color Options - The iPhone 18 Pro is reportedly testing three unique new colors: burgundy, coffee, and purple [3]. - The current iPhone 17 Pro series offers silver, starry orange, and deep blue as color choices, with silver likely to be retained in the new series [3]. - Apple has no plans to release a black version of the iPhone 18 Pro, as black tends to show scratches more prominently on the aluminum body, affecting overall quality perception [3]. Market Trends and Predictions - As the release cycle for the iPhone 18 series approaches, rumors and predictions regarding the new models are increasing [3].

Group 1 - The iPhone 18 Pro is reportedly testing three new color options: coffee brown, purple, and wine red, with at least one expected to be retained in the final version [1] - The iPhone Air 2 will maintain a 6.5-inch screen design and is set to introduce a 48-megapixel ultra-wide camera, upgrading from a single camera to a dual-camera setup to enhance its premium feel [1] Group 2 - iOS 27 is expected to be released during next year's WWDC, focusing on upgrades to Apple Intelligence, which may improve Apple's reputation in AI, especially when combined with the upcoming Siri updates in spring's iOS 26.4 [4] - Apple is nearing a $1 billion annual partnership with Google, initially utilizing Google's 1.2 trillion parameter model to drive the new version of Siri, with plans to transition to in-house technology in the long term [4] - Apple plans to launch four models featuring the M5 chip next year, including MacBook Air, M5 Pro/Max versions of MacBook Pro, Mac mini (M5/M5 Pro), and Mac Studio (M5 Max/Ultra), with the M5 Ultra chip filling the gap left by the M4 generation [4]

Group 1: National Economic and Technological Development - The 15th Five-Year Plan emphasizes strengthening original innovation and key core technology breakthroughs in critical areas such as integrated circuits, industrial mother machines, high-end instruments, and advanced materials [2] - The plan aims to enhance the strategic, forward-looking, and systematic layout of basic research, increasing the proportion of investment in basic research and providing long-term stable support [2] - It highlights the need for a new type of national system to promote decisive breakthroughs in key core technologies across various sectors [2] Group 2: Artificial Intelligence and Digital Economy - The plan includes a comprehensive implementation of the "Artificial Intelligence +" initiative, aiming to integrate AI with various industries, cultural development, and social governance [3] - It focuses on deepening the integration of the real economy and digital economy, promoting industrial internet innovation, and enhancing the supply of computing power, algorithms, and data [3] - The initiative seeks to establish a robust regulatory framework for AI governance, including laws, policies, and ethical guidelines [3] Group 3: Emerging Technologies and Economic Growth - The plan outlines a forward-looking layout for future industries, promoting quantum technology, biomanufacturing, hydrogen energy, nuclear fusion, brain-computer interfaces, and sixth-generation mobile communication as new economic growth points [3] - It encourages the development of innovative regulatory methods and venture capital to support the growth of future industries and the cultivation of unicorn companies [3] Group 4: Energy and Infrastructure Developments - The world's highest pumped storage power station, with a total installed capacity of 1.35 million kilowatts, has been fully commissioned in Jiangsu, China, enhancing clean energy regulation in the Yangtze River Delta [4] - The station is designed to store energy during low demand and release it during peak demand, with an estimated annual power generation of 1.35 billion kilowatt-hours [4] Group 5: Investment and Strategic Partnerships - Foxconn plans to invest up to $1.37 billion in an AI computing cluster and a supercomputing center, indicating a significant commitment to AI infrastructure [7] - Longqi Technology and Zhiyuan Robotics have formed a strategic partnership to enhance the application of embodied intelligent robots in industrial settings [8] - Xiaomi has established a new department focused on the next generation of smart electric vehicle technology architecture, reflecting its commitment to R&D [9] Group 6: Market Developments and International Trade - India has approved projects worth approximately $6.26 billion to boost its electronic components manufacturing industry, including multiple projects from Kaynes Circuits India [11] - A new multi-modal transport route has been established between the Beijing-Tianjin-Hebei region and Greece, enhancing international logistics efficiency [6]

Market Overview - Global trade tensions ease, with expectations of continued interest rate cuts by the Federal Reserve this week, leading to record highs for major U.S. stock indices, with the S&P 500 achieving its best three-day gain since May [3] - Major tech stocks lead the market rally, with significant gains from the "Big Seven" tech companies, including a peak increase of over 6% for Tesla and a 20% surge for Qualcomm, which closed up 11.09% [3][5] - Long-term U.S. Treasury yields decline, with the 10-year yield falling 3.65 basis points, dropping below 4% [3] - The Chinese yuan experiences its largest gain in two months, while the Argentine peso rises over 3% following a victory for Javier Milei in the midterm elections [3] Company News - Qualcomm's stock surged 20% after launching AI chips aimed at competing with Nvidia in the data center market, with new products offering up to 768GB of memory [5][22] - AMD's stock turned positive after reports of a $1 billion AI collaboration with the U.S. Department of Energy to develop two supercomputers [6][23] - Tesla introduced a "world simulator" that can learn from 500 years of human driving experience in one day, enhancing its autonomous driving capabilities [7][22] - Amazon plans to announce its largest-ever layoffs, potentially affecting up to 30,000 employees across key departments, as part of a cost-cutting strategy [8][24] - Victory for Javier Milei in Argentina's midterm elections is expected to support his aggressive economic reforms [32] Industry Insights - The PCB industry sees explosive growth, with Shenghong Technology reporting a Q3 net profit of 1.102 billion yuan, a 260.52% year-on-year increase, and a significant expansion in production capacity [9][24] - Domestic custom chip leader Chip Origin reported a 78.38% year-on-year revenue growth in Q3, with a narrowing net loss of 26.85 million yuan [10][25] - Northern Rare Earth's Q3 net profit increased by 69.48%, with revenue up 33.32% [11][25] - The copper market approaches historical highs due to supply concerns and a weakening dollar, with copper prices reaching $11,094 per ton [22] - The AI sector continues to attract significant investment, with analysts predicting a 24% increase in capital expenditures among major tech companies next year, totaling nearly $550 billion [22]

Core Insights - Apple plans to introduce variable aperture technology in the iPhone 18 Pro series, featuring a larger aperture for the 48MP telephoto lens, expected to improve low-light photography performance [1][2] - The release schedule for the iPhone 18 has been significantly adjusted, with the base model likely delayed until early 2027 to make room for a foldable iPhone [2][3] - The introduction of the "e" series, including the iPhone 17e, suggests Apple is adjusting its product cycle to fill market gaps, while potentially skipping the iPhone 19 naming and moving directly to iPhone 20 for the base model [3] Product Line Adjustments - The base iPhone 18 is expected to be released separately from the Pro series, likely in early 2027 alongside a model named iPhone 18e [2] - This change in release strategy may be aimed at creating market space for a highly anticipated foldable flagship product [2] Technological Enhancements - The iPhone 18 Pro and Pro Max will feature a larger aperture of at least F/2.0, an improvement over the F/2.2 aperture of the iPhone 17 Pro series [1] - The anticipated variable aperture technology will allow users to manually adjust the aperture based on lighting conditions, enhancing image and video clarity across different environments [1] Market Strategy - Apple continues to focus on equipping its top-tier models with exclusive hardware upgrades, maintaining high profit margins and solidifying its leadership in the global high-end smartphone market [3]