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好东西要一直拿着

好东西要一直拿着

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IP属地：湖北

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0勋章

好东西要一直拿着

02-05

好丑啊，有点审美行吗

登春晚、进工厂！车企新年加速“造人”啦

好东西要一直拿着

01-27

我还是觉得gpt最好用且愿意付费

阿里发布千问旗舰推理模型，性能媲美GPT-5.2、Gemini 3 Pro

好东西要一直拿着

01-25

希望苹果不会变成第二个诺基亚。诺基亚一开始死掉就是不够拥抱智能操作系统，苹果的困境也是不够拥抱AI，现在都快变成纯硬件取胜了。

苹果 Siri 升级路线图曝光：iOS 27 变身完整聊天机器人，但不会独立成应用

好东西要一直拿着

01-21

买早了，京东方果然不行。希望自己的17不是京东方的屏幕

消息称京东方陷苹果 iPhone OLED 面板生产困境，数百万片订单转交三星显示

好东西要一直拿着

01-13

Replying to @石一:你该不会2025都没挣到钱吧？//@石一:涨个嘚，美股垃圾

好东西要一直拿着

01-13

派拉蒙，人家秋雅结婚，你在那里又蹦又跳的

收购再生波折派拉蒙起诉华纳兄弟要求披露其与奈飞交易细节

好东西要一直拿着

01-09

$01810(01810)$ 垃圾公司一直阴跌

好东西要一直拿着

01-08

然而股价还是一塌糊涂

小米增速断层领先！一图速览2025年国内主要车企销量及增速

好东西要一直拿着

2025-12-12

$Stride(LRN)$ 拿了好久了，你啥时候反弹下，垃圾

好东西要一直拿着

2025-12-05

开始搞乱七八糟的东西稳股价了

蔚来取得空气弹簧调试方法、装置及计算机可读存储介质专利

好东西要一直拿着

2025-12-05

还活着呢

FF称FX Super One首批整套零部件抵达美国将开始组装此前该车被指抄袭

好东西要一直拿着

2025-11-21

美的真脏啊

美的“售后禁令”来了，剑指小米！

好东西要一直拿着

2025-11-20

别发了，没用的，股价起不来了

雷军亲自到场见证！小米汽车第50万辆下线

好东西要一直拿着

2025-11-18

啥时候发布呢

财报前瞻 | 小米Q3营收预增28%，电动车有望实现盈利，智能手机与IoT面临压力

好东西要一直拿着

2025-11-14

股价毫无反应

阿里将向AI C端市场投入一枚重磅

好东西要一直拿着

2025-11-12

无人在意

“科技圈风水轮流转” 王自如称对苹果期待值越来越低

好东西要一直拿着

2025-11-03

难怪那么痛恨雷军

营收净利双降，格力提前“入冬”

好东西要一直拿着

2025-10-31

$Stride(LRN)$ 这个公司好像有纠纷，被谁告了

好东西要一直拿着

2025-10-30

$Stride(LRN)$ 可以抄底吗

好东西要一直拿着

2025-10-28

$Beyond Meat, Inc.(BYND)$ 好奇被埋了多少

去老虎APP查看更多动态

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17:54","market":"hk","language":"zh","title":"登春晚、进工厂！车企新年加速“造人”啦","url":"https://stock-news.laohu8.com/highlight/detail?id=2609378274","media":"紫牛新闻","summary":"墨甲机器人在奇瑞宣布“墨甲”机器人即将登台春晚的同日，市场有消息称，小鹏汽车两大“智能化”支柱一级部门——自动驾驶中心、智能座舱中心合并，新成立通用智能中心。与小鹏汽车机器人将共同进入工厂的还有特斯拉。上述事项均共同表明，车企人形机器人的竞赛已从技术演示转向量产冲刺阶段。","content":"<html><body><article><p>扬子晚报网2月5日讯（记者 范晓林 薄云峰）随着车企的智能化转型持续超越车轮的界限，一场深度融合“车、人、机器”的产业变革正在加速演进。</p><img src=\"https://fid-75186.picgzc.qpic.cn/20260205175553690v201eb4el7bdyrm\"/><p><strong>墨甲机器人</strong></p><p>“墨甲机器人旗下的芜优智警R001将亮相2026年芜湖市春节联欢晚会。”2月4日，<a href=\"https://laohu8.com/S/09973\">奇瑞汽车</a>相关人士介绍，墨甲机器人不仅是当晚的主持人之一，更将与人类演员合作，成为国内首个登上春晚舞台并完整参演小品的人形机器人。在此之前，作为安徽首个AI交通管理机器人，芜优智警R001号已于1月10日正式上岗——在接入交通信号系统后与交警协同工作，不仅能复刻指挥手势，引导车辆有序通行，还可自动识别非机动车交通违法行为。</p><img src=\"https://fid-75186.picgzc.qpic.cn/20260205175555259v2015e4macblna4\"/><p><strong>墨甲机器人</strong></p><p>在奇瑞宣布“墨甲”机器人即将登台春晚的同日，市场有消息称，<a href=\"https://laohu8.com/S/XPEV\">小鹏汽车</a>两大“智能化”支柱一级部门——自动驾驶中心、智能座舱中心合并，新成立通用智能中心。新部门由原自动驾驶负责人刘先明主导，直接向董事长、CEO何小鹏汇报。据了解，通用智能中心为面向汽车+机器人的全新AI组织。</p><p>与<a href=\"https://laohu8.com/S/09868\">小鹏汽车</a>机器人将共同进入工厂的还有<a href=\"https://laohu8.com/S/TSLA\">特斯拉</a>。据特斯拉2月2日官方微博，第三代特斯拉人形机器人即将亮相，通过观察人类行为即可学习新技能，预计年产百万台。特斯拉CEO马斯克在视频中表示，特斯拉没有沿用现有的任何供应链体系，几乎是完全从第一性原理出发，重新进行设计。特斯拉AI微博称，Optimus V3是特斯拉第一款走向量产的机器人。</p><p>上述事项均共同表明，车企人形机器人的竞赛已从技术演示转向量产冲刺阶段。</p><p>据不完全统计，截至目前，国内外已有二十余家车企通过自研或投资方式布局人形机器人领域，且部分企业已将人形机器人引入工厂。</p><p>1月30日，<a href=\"https://laohu8.com/S/LI\">理想汽车</a>原自动驾驶高级副总裁郎咸朋在个人社交平台发文，确认已转岗负责公司人形机器人业务，并称“虚心学习，接受指导和建议”。同时，<a href=\"https://laohu8.com/S/02015\">理想汽车</a>一系列机器人相关岗位招聘信息在其官网悄然上线，在岗位要求中明确提出，希望候选人有“机器人关节模组嵌入式软件开发经验”或“3年以上嵌入式电机驱动开发经验”。</p><p>由主机厂跨界进入机器人领域的还有<a href=\"https://laohu8.com/S/601127\">赛力斯</a>。近日，<a href=\"https://laohu8.com/S/09927\">赛力斯</a>在中国（上海）自由贸易试验区临港新片区正式注册成立上海赛力斯<a href=\"https://laohu8.com/S/600716\">凤凰</a>技术有限公司，注册资本5000万元人民币。据悉，新公司由赛力斯旗下重庆凤凰技术有限公司全资持股，经营范围聚焦智能机器人研发、人工智能基础软件开发、人工智能理论与算法软件开发、新能源汽车电附件销售等前沿领域。这或标志着赛力斯在巩固新能源汽车主业的基础上，向“汽车+AI+机器人”协同生态迈出关键一步。</p><p>伴随机器人行业的高速发展，<a href=\"https://laohu8.com/S/MS\">摩根士丹利</a>在2月2日大幅上调了2026年中国人形机器人销量预测。据该行最新预计，今年中国人形机器人销量将同比增长133%至28000台，较此前预测的14000台高出一倍。展望更长期，摩根士丹利预测，到2030年销量将达26.2万台，2035年将进一步攀升至260万台，而去年的销量约为1.2万台。</p><p>校对 陶善工</p></article></body></html>","source":"tencent","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>登春晚、进工厂！车企新年加速“造人”啦</title>\n<style 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}\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n登春晚、进工厂！车企新年加速“造人”啦\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-02-05 17:54 北京时间&nbsp;&nbsp;&nbsp;<a href=http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN20260205175602a6d6aaf7&s=b><strong>紫牛新闻</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>扬子晚报网2月5日讯（记者 范晓林 薄云峰）随着车企的智能化转型持续超越车轮的界限，一场深度融合“车、人、机器”的产业变革正在加速演进。墨甲机器人“墨甲机器人旗下的芜优智警R001将亮相2026年芜湖市春节联欢晚会。”2月4日，奇瑞汽车相关人士介绍，墨甲机器人不仅是当晚的主持人之一，更将与人类演员合作，成为国内首个登上春晚舞台并完整参演小品的人形机器人。在此之前，作为安徽首个AI交通管理机器人，芜...</p>\n\n<a href=\"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN20260205175602a6d6aaf7&s=b\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"601127":"赛力斯","BK1119":"汽车制造商","LU1880383366.USD":"东方汇理中国股票基金 A2 (C)","TSLA":"特斯拉","09927":"赛力斯","09868":"小鹏汽车-W","02015":"理想汽车-W","LU1880383440.USD":"AMUNDI FUNDS CHINA EQUITY \"A2\" (USD) INC"},"source_url":"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN20260205175602a6d6aaf7&s=b","is_english":false,"share_image_url":"https://static.laohu8.com/9a95c1376e76363c1401fee7d3717173","article_id":"2609378274","content_text":"扬子晚报网2月5日讯（记者 范晓林 薄云峰）随着车企的智能化转型持续超越车轮的界限，一场深度融合“车、人、机器”的产业变革正在加速演进。墨甲机器人“墨甲机器人旗下的芜优智警R001将亮相2026年芜湖市春节联欢晚会。”2月4日，奇瑞汽车相关人士介绍，墨甲机器人不仅是当晚的主持人之一，更将与人类演员合作，成为国内首个登上春晚舞台并完整参演小品的人形机器人。在此之前，作为安徽首个AI交通管理机器人，芜优智警R001号已于1月10日正式上岗——在接入交通信号系统后与交警协同工作，不仅能复刻指挥手势，引导车辆有序通行，还可自动识别非机动车交通违法行为。墨甲机器人在奇瑞宣布“墨甲”机器人即将登台春晚的同日，市场有消息称，小鹏汽车两大“智能化”支柱一级部门——自动驾驶中心、智能座舱中心合并，新成立通用智能中心。新部门由原自动驾驶负责人刘先明主导，直接向董事长、CEO何小鹏汇报。据了解，通用智能中心为面向汽车+机器人的全新AI组织。与小鹏汽车机器人将共同进入工厂的还有特斯拉。据特斯拉2月2日官方微博，第三代特斯拉人形机器人即将亮相，通过观察人类行为即可学习新技能，预计年产百万台。特斯拉CEO马斯克在视频中表示，特斯拉没有沿用现有的任何供应链体系，几乎是完全从第一性原理出发，重新进行设计。特斯拉AI微博称，Optimus V3是特斯拉第一款走向量产的机器人。上述事项均共同表明，车企人形机器人的竞赛已从技术演示转向量产冲刺阶段。据不完全统计，截至目前，国内外已有二十余家车企通过自研或投资方式布局人形机器人领域，且部分企业已将人形机器人引入工厂。1月30日，理想汽车原自动驾驶高级副总裁郎咸朋在个人社交平台发文，确认已转岗负责公司人形机器人业务，并称“虚心学习，接受指导和建议”。同时，理想汽车一系列机器人相关岗位招聘信息在其官网悄然上线，在岗位要求中明确提出，希望候选人有“机器人关节模组嵌入式软件开发经验”或“3年以上嵌入式电机驱动开发经验”。由主机厂跨界进入机器人领域的还有赛力斯。近日，赛力斯在中国（上海）自由贸易试验区临港新片区正式注册成立上海赛力斯凤凰技术有限公司，注册资本5000万元人民币。据悉，新公司由赛力斯旗下重庆凤凰技术有限公司全资持股，经营范围聚焦智能机器人研发、人工智能基础软件开发、人工智能理论与算法软件开发、新能源汽车电附件销售等前沿领域。这或标志着赛力斯在巩固新能源汽车主业的基础上，向“汽车+AI+机器人”协同生态迈出关键一步。伴随机器人行业的高速发展，摩根士丹利在2月2日大幅上调了2026年中国人形机器人销量预测。据该行最新预计，今年中国人形机器人销量将同比增长133%至28000台，较此前预测的14000台高出一倍。展望更长期，摩根士丹利预测，到2030年销量将达26.2万台，2035年将进一步攀升至260万台，而去年的销量约为1.2万台。校对 陶善工","news_type":1,"symbols_score_info":{"601127":1.85,"09927":1.85,"TSLA":1.91,"09868":0.9,"02015":0.9}},"isVote":1,"tweetType":1,"viewCount":79,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":526392476123416,"gmtCreate":1769483237724,"gmtModify":1769483239972,"author":{"id":"3537417120281286","authorId":"3537417120281286","name":"好东西要一直拿着","avatar":"https://static.tigerbbs.com/ed03e24159cdfb1a1cc9e0eb75d70106","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3537417120281286","idStr":"3537417120281286"},"themes":[],"title":"","htmlText":"我还是觉得gpt最好用且愿意付费","listText":"我还是觉得gpt最好用且愿意付费","text":"我还是觉得gpt最好用且愿意付费","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/526392476123416","repostId":"1149649516","repostType":2,"repost":{"id":"1149649516","kind":"news","weMediaInfo":{"introduction":"为用户提供金融资讯、行情、数据，旨在帮助投资者理解世界，做投资决策。","home_visible":1,"media_name":"老虎资讯综合","id":"102","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1769441903,"share":"https://www.laohu8.com/m/news/1149649516?lang=zh_CN&edition=full","pubTime":"2026-01-26 23:38","market":"us","language":"zh","title":"阿里发布千问旗舰推理模型，性能媲美GPT-5.2、Gemini 3 Pro","url":"https://stock-news.laohu8.com/highlight/detail?id=1149649516","media":"老虎资讯综合","summary":"创下数项权威评测全球新纪录。","content":"<html><head></head><body><p><a href=\"https://laohu8.com/S/BABA\">阿里巴巴</a> 正式发布千问旗舰推理模型Qwen3-Max-Thinking，创下数项权威评测全球新纪录，性能媲美GPT-5.2、Gemini 3 Pro，成为迄今为止最接近国际顶尖模型的国内最强AI大模型。</p><p>阿里盘中拉升，跌幅收窄。</p><p></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/594671b0f3fe1e9136bd4634471378eb\" tg-width=\"560\" tg-height=\"240\"/></p><p>千问新模型总参数超万亿，进行了更大规模的强化学习后训练，并通过推理技术的系列创新，最终完成模型性能的大幅飞跃。在多项关键性能基准测试中，千问表现超过了GPT-5.2、Claude Opus 4.5和Gemini 3 Pro等顶尖模型，刷新全球纪录，进一步拓展了人工智能系统的推理性能边界。</p><p>Qwen3-Max-Thinking还大幅增强了自主调用工具的原生Agent能力，模型可像专业人士一样边用工具边思考，回答更合用户心意、更智能、更流畅。同时，模型幻觉也大为降低，为解决真实复杂任务打下基础。</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title> 阿里发布千问旗舰推理模型，性能媲美GPT-5.2、Gemini 3 Pro</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; 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style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎资讯综合 </p>\n<p class=\"h-time\">2026-01-26 23:38</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p><a href=\"https://laohu8.com/S/BABA\">阿里巴巴</a> 正式发布千问旗舰推理模型Qwen3-Max-Thinking，创下数项权威评测全球新纪录，性能媲美GPT-5.2、Gemini 3 Pro，成为迄今为止最接近国际顶尖模型的国内最强AI大模型。</p><p>阿里盘中拉升，跌幅收窄。</p><p></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/594671b0f3fe1e9136bd4634471378eb\" tg-width=\"560\" tg-height=\"240\"/></p><p>千问新模型总参数超万亿，进行了更大规模的强化学习后训练，并通过推理技术的系列创新，最终完成模型性能的大幅飞跃。在多项关键性能基准测试中，千问表现超过了GPT-5.2、Claude Opus 4.5和Gemini 3 Pro等顶尖模型，刷新全球纪录，进一步拓展了人工智能系统的推理性能边界。</p><p>Qwen3-Max-Thinking还大幅增强了自主调用工具的原生Agent能力，模型可像专业人士一样边用工具边思考，回答更合用户心意、更智能、更流畅。同时，模型幻觉也大为降低，为解决真实复杂任务打下基础。</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/140812b08823defb3e5dc123001e3230","relate_stocks":{"BABA":"阿里巴巴","09988":"阿里巴巴-W"},"source_url":"","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1149649516","content_text":"阿里巴巴 正式发布千问旗舰推理模型Qwen3-Max-Thinking，创下数项权威评测全球新纪录，性能媲美GPT-5.2、Gemini 3 Pro，成为迄今为止最接近国际顶尖模型的国内最强AI大模型。阿里盘中拉升，跌幅收窄。千问新模型总参数超万亿，进行了更大规模的强化学习后训练，并通过推理技术的系列创新，最终完成模型性能的大幅飞跃。在多项关键性能基准测试中，千问表现超过了GPT-5.2、Claude Opus 4.5和Gemini 3 Pro等顶尖模型，刷新全球纪录，进一步拓展了人工智能系统的推理性能边界。Qwen3-Max-Thinking还大幅增强了自主调用工具的原生Agent能力，模型可像专业人士一样边用工具边思考，回答更合用户心意、更智能、更流畅。同时，模型幻觉也大为降低，为解决真实复杂任务打下基础。","news_type":1,"symbols_score_info":{"09988":2,"BABA":2}},"isVote":1,"tweetType":1,"viewCount":278,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":525534304641784,"gmtCreate":1769330872971,"gmtModify":1769330875535,"author":{"id":"3537417120281286","authorId":"3537417120281286","name":"好东西要一直拿着","avatar":"https://static.tigerbbs.com/ed03e24159cdfb1a1cc9e0eb75d70106","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3537417120281286","idStr":"3537417120281286"},"themes":[],"title":"","htmlText":"希望苹果不会变成第二个诺基亚。诺基亚一开始死掉就是不够拥抱智能操作系统，苹果的困境也是不够拥抱AI，现在都快变成纯硬件取胜了。","listText":"希望苹果不会变成第二个诺基亚。诺基亚一开始死掉就是不够拥抱智能操作系统，苹果的困境也是不够拥抱AI，现在都快变成纯硬件取胜了。","text":"希望苹果不会变成第二个诺基亚。诺基亚一开始死掉就是不够拥抱智能操作系统，苹果的困境也是不够拥抱AI，现在都快变成纯硬件取胜了。","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/525534304641784","repostId":"2606225984","repostType":2,"repost":{"id":"2606225984","kind":"news","pubTimestamp":1769322820,"share":"https://www.laohu8.com/m/news/2606225984?lang=zh_CN&edition=full","pubTime":"2026-01-25 14:33","market":"us","language":"zh","title":"苹果 Siri 升级路线图曝光：iOS 27 变身完整聊天机器人，但不会独立成应用","url":"https://stock-news.laohu8.com/highlight/detail?id=2606225984","media":"IT之家","summary":"据报道，苹果计划在未来一年内对 Siri 进行两次重大升级：首先在 iOS 26.4 中加入个性化功能，随后在 iOS 27 内将 Siri 彻底转变为完整的聊天机器人。不出意外的话，我们最快将在今年 6 月 WWDC 开发者大会结束后看到 Siri 聊天机器人登场。根据现有传闻，升级后的 Siri 将具备上述所有能力，并像其他公司的聊天机器人一样运作。","content":"<html><body><article><p>IT之家 1 月 25 日消息，科技媒体 MacRumors 前天发布博文，对<a href=\"https://laohu8.com/S/AAPL\">苹果</a> Siri 语音助手今年升级进行前瞻。</p><p>据报道，苹果计划在未来一年内对 Siri 进行两次重大升级：首先在 iOS 26.4 中加入个性化功能，随后在 iOS 27 内将 Siri 彻底转变为完整的聊天机器人。不出意外的话，<strong>我们最快将在今年 6 月 WWDC 开发者大会结束后看到 Siri 聊天机器人登场</strong>。</p><img src=\"https://fid-75186.picgzc.qpic.cn/20260125143528148d206eacj0ebduwz\"/><p>同时，苹果将在 iOS 27 中彻底改变 Siri 的工作方式。目前 Siri 只能回答基础问题、完成简单任务，无法进行来回对话，也难以处理多步骤任务或复杂问题。</p><p>根据现有传闻，升级后的 Siri 将具备上述所有能力，<strong>并像其他公司的聊天机器人一样运作</strong>。</p><p>苹果最初并未计划推出类似 ChatGPT / Claude、供用户直接互动的完整聊天机器人，但随着这种应用越来越流行，为了保持竞争力，苹果最终决定为 Siri 引入类似功能。</p><p>彭博社记者马克 · 古尔曼曾透露，Siri 聊天机器人将“深度嵌入”到苹果各个产品，它不会成为独立应用，而是会和现在一样直接集成到 iOS、iPadOS 和 macOS 系统里，<strong>唤醒方式也将保持不变</strong>，支持语音输入和文字输入。</p><p>不过我们目前还无法得知新版 Siri 到底长什么样，假如苹果要让 Siri 追平 OpenAI、Anthropic 同类产品的话，那 Siri 的外观和交互方式必须要大幅调整。毕竟现在用户已经习惯打开某个应用，然后看到带对话历史记录的完整文本界面，但如果 Siri 不会变成独立 App 的话，那苹果如何提供这些功能仍是未知数。</p><p>升级后的 Siri 预计将具备主流 AI 聊天机器人功能，可以做以下事情：</p><p>搜索互联网信息</p><p>生成图片</p><p>生成文本内容</p><p>总结信息</p><p>分析上传的文件</p><p>使用个人数据完成任务</p><p>读取并理解邮件、信息、文件等内容</p><p>分析当前屏幕内容并采取行动</p><p>控制设备功能和系统设置</p><p>取代聚焦搜索（IT之家注：Spotlight），检索本地内容</p><p>深度集成至邮件、信息、Apple TV、Xcode、照片等第一方应用</p><p>从 iOS 26.4 开始，苹果将推出基于大语言模型的 Siri，<strong>该版本的语音助手从 iOS 18 时代立项</strong>，但由于 Siri 底层架构必须重构才能支持大语言模型，所以进度有所推迟。</p><p>据悉，iOS 26.4 系统的 Siri 具备个人上下文理解功能，<strong>能够理解并追踪用户邮件、信息、文件、照片等</strong>，<strong>还能够实现连续对话、识别屏幕内容并执行操作</strong>，但它仍然不是完整的聊天机器人。</p></article></body></html>","source":"tencent","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" 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href=http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN20260125143530a6a9d473&s=b><strong>IT之家</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>IT之家 1 月 25 日消息，科技媒体 MacRumors 前天发布博文，对苹果 Siri 语音助手今年升级进行前瞻。据报道，苹果计划在未来一年内对 Siri 进行两次重大升级：首先在 iOS 26.4 中加入个性化功能，随后在 iOS 27 内将 Siri 彻底转变为完整的聊天机器人。不出意外的话，我们最快将在今年 6 月 WWDC 开发者大会结束后看到 Siri 聊天机器人登场。同时，苹果将...</p>\n\n<a href=\"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN20260125143530a6a9d473&s=b\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LU1232071149.USD":"AZ FUND 1 GLOBAL GROWTH SELECTOR \"AAZ\" (USDHDG) ACC","LU2236285917.USD":"ALLIANZ GLOBAL INCOME \"AMG\" (USD) INC","SG9999014567.USD":"UOB UNITED INCOME FOCUS TRUST FUND (USD) ACC","LU1496350502.SGD":"FRANKLIN DIVERSIFIED DYNAMIC \"A\" (SGDHDG) ACC","LU2237443465.HKD":"abrdn SICAV I -  GLOBAL DYNAMIC DIVIDEND \"A\" (HKD) INC","LU1674673691.USD":"HSBC GIF GLOBAL LOWER CARBON EQUITY 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中彻底改变 Siri 的工作方式。目前 Siri 只能回答基础问题、完成简单任务，无法进行来回对话，也难以处理多步骤任务或复杂问题。根据现有传闻，升级后的 Siri 将具备上述所有能力，并像其他公司的聊天机器人一样运作。苹果最初并未计划推出类似 ChatGPT / Claude、供用户直接互动的完整聊天机器人，但随着这种应用越来越流行，为了保持竞争力，苹果最终决定为 Siri 引入类似功能。彭博社记者马克 · 古尔曼曾透露，Siri 聊天机器人将“深度嵌入”到苹果各个产品，它不会成为独立应用，而是会和现在一样直接集成到 iOS、iPadOS 和 macOS 系统里，唤醒方式也将保持不变，支持语音输入和文字输入。不过我们目前还无法得知新版 Siri 到底长什么样，假如苹果要让 Siri 追平 OpenAI、Anthropic 同类产品的话，那 Siri 的外观和交互方式必须要大幅调整。毕竟现在用户已经习惯打开某个应用，然后看到带对话历史记录的完整文本界面，但如果 Siri 不会变成独立 App 的话，那苹果如何提供这些功能仍是未知数。升级后的 Siri 预计将具备主流 AI 聊天机器人功能，可以做以下事情：搜索互联网信息生成图片生成文本内容总结信息分析上传的文件使用个人数据完成任务读取并理解邮件、信息、文件等内容分析当前屏幕内容并采取行动控制设备功能和系统设置取代聚焦搜索（IT之家注：Spotlight），检索本地内容深度集成至邮件、信息、Apple TV、Xcode、照片等第一方应用从 iOS 26.4 开始，苹果将推出基于大语言模型的 Siri，该版本的语音助手从 iOS 18 时代立项，但由于 Siri 底层架构必须重构才能支持大语言模型，所以进度有所推迟。据悉，iOS 26.4 系统的 Siri 具备个人上下文理解功能，能够理解并追踪用户邮件、信息、文件、照片等，还能够实现连续对话、识别屏幕内容并执行操作，但它仍然不是完整的聊天机器人。","news_type":1,"symbols_score_info":{"AAPL":1.96,"MACW.SI":0.6}},"isVote":1,"tweetType":1,"viewCount":939,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3544408964429930","authorId":"3544408964429930","name":"Ethan_3856","avatar":"https://static.tigerbbs.com/cfafd6e35a7cad14a9839dcf58aaae73","crmLevel":1,"crmLevelSwitch":0,"authorIdStr":"3544408964429930","idStr":"3544408964429930"},"content":"你至少需要有个平台使用ai吧，除了苹果还有哪些设备体验会更好？","text":"你至少需要有个平台使用ai吧，除了苹果还有哪些设备体验会更好？","html":"你至少需要有个平台使用ai吧，除了苹果还有哪些设备体验会更好？"}],"imageCount":0,"langContent":"CN","totalScore":0},{"id":524401897214024,"gmtCreate":1768997085814,"gmtModify":1768997088626,"author":{"id":"3537417120281286","authorId":"3537417120281286","name":"好东西要一直拿着","avatar":"https://static.tigerbbs.com/ed03e24159cdfb1a1cc9e0eb75d70106","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3537417120281286","idStr":"3537417120281286"},"themes":[],"title":"","htmlText":"买早了，京东方果然不行。希望自己的17不是京东方的屏幕","listText":"买早了，京东方果然不行。希望自己的17不是京东方的屏幕","text":"买早了，京东方果然不行。希望自己的17不是京东方的屏幕","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/524401897214024","repostId":"2605101810","repostType":2,"repost":{"id":"2605101810","kind":"news","pubTimestamp":1768995901,"share":"https://www.laohu8.com/m/news/2605101810?lang=zh_CN&edition=full","pubTime":"2026-01-21 19:45","market":"us","language":"zh","title":"消息称京东方陷苹果 iPhone OLED 面板生产困境，数百万片订单转交三星显示","url":"https://stock-news.laohu8.com/highlight/detail?id=2605101810","media":"IT之家","summary":"IT之家 1 月 21 日消息，据韩媒 The Elec 报道，苹果供应商京东方 在 iPhone OLED 面板生产上再度遭遇困难，导致“数百万片订单被转交给三星显示”。有业内人士直言，京东方此前在 iPhone 15 和 16 面板供应上表现稳定，如今再度出问题，确实令人费解。目前，京东方正将重心转向确保 iPhone 17e 的面板稳定供货。该机型预计将在今年春季发布，而京东方在 iPhone 17e 项目中仍然是分配份额最大的面板供应商。","content":"<html><body><article><p>IT之家 1 月 21 日消息，据韩媒 The Elec 报道，<a href=\"https://laohu8.com/S/AAPL\">苹果</a>供应商<a href=\"https://laohu8.com/S/00710\">京东方</a>（BOE）在 iPhone OLED 面板生产上再度遭遇困难，导致“数百万片订单被转交给<a href=\"https://laohu8.com/S/SMSN.UK\">三星</a>显示（Samsung Display）”。</p><p>外媒援引多位产业链消息人士透露，京东方至今仍未解决去年 11 月和 12 月暴露出的制造问题，“由于某一关键生产制程出现异常，京东方被迫对 iPhone 15、16、17 的面板生产按下暂停键”。</p><p>值得注意的是，这并非京东方首次在满足苹果严苛的面板质量标准方面遇到挑战，但此次情况仍让业内感到意外。原因在于京东方此前已经稳定供应 iPhone 15 和 16 所需的 LTPS OLED 面板，而 iPhone 17 采用的 LTPO 面板虽然技术难度更高，但老型号理论上不应再出现类似问题。有业内人士直言，京东方此前在 iPhone 15 和 16 面板供应上表现稳定，如今再度出问题，确实令人费解。</p><p>目前，京东方正将重心转向确保 iPhone 17e 的面板稳定供货。该机型预计将在今年春季发布，而京东方在 iPhone 17e 项目中仍然是分配份额最大的面板供应商。</p></article></body></html>","source":"tencent","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>消息称京东方陷苹果 iPhone OLED 面板生产困境，数百万片订单转交三星显示</title>\n<style 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的面板生产按下...</p>\n\n<a href=\"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN20260121194619a69c34a7&s=b\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SG9999017495.SGD":"UGDP UNITED GLOBAL QUALITY GROWTH \"B\" (SGD) ACC","LU2756315318.SGD":"ALLIANZ INCOME AND GROWTH \"AMG\" (SGDHDG) INC A","LU2746668974.SGD":"MANULIFE DYNAMIC LEADERS \"AA\" (SGDHDG) ACC","LU0949170772.SGD":"Blackrock Global Equity Income A6 SGD-H","SG9999014914.USD":"UNITED GLOBAL QUALITY GROWTH (USDHDG) INC","LU2083900584.USD":"HSBC GIF US INCOME FOCUSED \"AM2\" (USD) INC","IE0004091025.USD":"BNY MELLON GLOBAL OPPORTUNITIES \"B\" (USD) ACC","IE00BJJMRX11.SGD":"Janus Henderson Balanced A Acc SGD","IE00B3SWFQ91.USD":"PIMCO BALANCED INCOME AND GROWTH \"E\" (USD) INC","LU1066051811.HKD":"HSBC GIF GLOBAL EQUITY VOLATILITY FOCUSED \"AM2\" (HKD) INC","LU2361044949.HKD":"WELLINGTON US QUALITY GROWTH \"A\" (HKD) ACC","LU0738911758.USD":"Blackrock 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@石一:你该不会2025都没挣到钱吧？//@石一:涨个嘚，美股垃圾","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/521326491554008","isVote":1,"tweetType":1,"viewCount":715,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":521367864279720,"gmtCreate":1768265516121,"gmtModify":1768265519775,"author":{"id":"3537417120281286","authorId":"3537417120281286","name":"好东西要一直拿着","avatar":"https://static.tigerbbs.com/ed03e24159cdfb1a1cc9e0eb75d70106","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3537417120281286","idStr":"3537417120281286"},"themes":[],"title":"","htmlText":"派拉蒙，人家秋雅结婚，你在那里又蹦又跳的","listText":"派拉蒙，人家秋雅结婚，你在那里又蹦又跳的","text":"派拉蒙，人家秋雅结婚，你在那里又蹦又跳的","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/521367864279720","repostId":"2603293645","repostType":2,"repost":{"id":"2603293645","kind":"news","pubTimestamp":1768246371,"share":"https://www.laohu8.com/m/news/2603293645?lang=zh_CN&edition=full","pubTime":"2026-01-13 03:32","market":"us","language":"zh","title":"收购再生波折 派拉蒙起诉华纳兄弟要求披露其与奈飞交易细节","url":"https://stock-news.laohu8.com/highlight/detail?id=2603293645","media":"央视新闻","summary":"△华纳兄弟探索公司（资料图）当地时间1月12日，派拉蒙影业提起诉讼，要求华纳兄弟探索公司提供更多关于其与奈飞公司达成的827亿美元交易的细节。华纳兄弟上周拒绝了派拉蒙的最新报价，并建议股东投票支持奈飞公司的交易。在致股东的一封信中，派拉蒙还表示，将提议修改华纳兄弟的公司章程，要求任何剥离这家媒体巨头有线电视业务的交易都必须获得股东批准，而有线电视业务是奈飞公司交易的关键部分。","content":"<html><body><article><img src=\"https://inews.gtimg.com/om_bt/OimlYgc6cuk5_-1AkQnLo665A6ZSXmmZ8-PHCaU5Avh1sAA/0\"/><p>△华纳兄弟探索公司（资料图）</p><p>当地时间1月12日，派拉蒙影业（Paramount Skydance）提起诉讼，要求华纳兄弟探索公司（Warner Bros Discovery）提供更多关于其与<a href=\"https://laohu8.com/S/NFLX\">奈飞</a>公司（Netflix）达成的827亿美元交易的细节。该公司还表示，计划提名董事进入华纳兄弟的董事会，这是其为说服投资者相信其1087亿美元全现金收购方案优于奈飞公司的现金加股票交易方案而采取的最激进的举措之一。</p><p>派拉蒙影业和奈飞公司一直在激烈争夺华纳兄弟及其旗下珍贵的电影电视制片厂和庞大的内容库，其中包括“哈利·波特”系列和DC漫画宇宙。华纳兄弟上周拒绝了派拉蒙的最新报价，并建议股东投票支持奈飞公司的交易。在致股东的一封信中，派拉蒙还表示，将提议修改华纳兄弟的公司章程，要求任何剥离这家媒体巨头有线电视业务的交易都必须获得股东批准，而有线电视业务是奈飞公司交易的关键部分。派拉蒙的论点是，其以每股30美元全现金收购整个华纳兄弟的方案优于奈飞公司以每股27.75美元现金加股票收购其制片厂和流媒体<span>资产</span>的方案，并且更容易获得监管机构的批准。（央视记者 刘旭）</p><p><strong>奈飞称收购华纳兄弟部分资产的计划未变&gt;&gt;</strong></p><p>2026中央广播电视总台版权所有。未经许可，请勿转载使用。</p></article></body></html>","source":"tencent","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>收购再生波折 派拉蒙起诉华纳兄弟要求披露其与奈飞交易细节</title>\n<style 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Discovery）提供更多关于其与奈飞公司（Netflix）达成的827亿美元交易的细节。该公司还表示，计划提名董事进入华纳兄弟的董事会，这是其为说服投资者相信其1087亿美元全现金收购方案优于奈飞公司的现金加股票交易方案而采取的最激进的举措...</p>\n\n<a href=\"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN20260113053138a712e332&s=b\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LU2362541513.USD":"WELLINGTON NEXT GENERATION GLOBAL EQUITY \"A\" (USD) ACC","BK4551":"寇图资本持仓","BK4598":"佩洛西持仓","LU1989764664.SGD":"CPR Invest - Global Disruptive Opportunities A2 Acc SGD-H","LU1267930730.SGD":"富兰克林美国机遇基金AS Acc SGD (CPF)","SGXZ23171101.USD":"NIKKO AM SHENTON GLOBAL OPPORTUNITIES (USD) ACC","LU0109391861.USD":"富兰克林美国机遇基金A Acc","LU2357305700.SGD":"Allianz Global Artificial Intelligence ET H2-SGD","PARA":"Paramount Global","LU1366192091.USD":"ALLIANZ US EQUITY PLUS \"AM\" (USD) INC","LU0256863902.USD":"ALLIANZ US EQUITY \"AT\" (USD) ACC","IE00B19Z8W00.USD":"FTGF CLEARBRIDGE US LARGE CAP GROWTH \"A\" 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(USD) ACC","LU2108987350.USD":"UBS (LUX) EQUITY SICAV GLOBAL OPPORTUNITY SUSTAINABLE (USD) \"P\" (USD) ACC","BK4108":"电影和娱乐","BK4588":"碎股","LU0127658192.USD":"EASTSPRING INVESTMENTS GLOBAL TECHNOLOGY \"A\" (USD) ACC","BK4507":"流媒体概念","LU2362541273.HKD":"WELLINGTON NEXT GENERATION GLOBAL EQUITY \"A\" (HKD) ACC"},"source_url":"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN20260113053138a712e332&s=b","is_english":false,"share_image_url":"https://static.laohu8.com/9a95c1376e76363c1401fee7d3717173","article_id":"2603293645","content_text":"△华纳兄弟探索公司（资料图）当地时间1月12日，派拉蒙影业（Paramount Skydance）提起诉讼，要求华纳兄弟探索公司（Warner Bros Discovery）提供更多关于其与奈飞公司（Netflix）达成的827亿美元交易的细节。该公司还表示，计划提名董事进入华纳兄弟的董事会，这是其为说服投资者相信其1087亿美元全现金收购方案优于奈飞公司的现金加股票交易方案而采取的最激进的举措之一。派拉蒙影业和奈飞公司一直在激烈争夺华纳兄弟及其旗下珍贵的电影电视制片厂和庞大的内容库，其中包括“哈利·波特”系列和DC漫画宇宙。华纳兄弟上周拒绝了派拉蒙的最新报价，并建议股东投票支持奈飞公司的交易。在致股东的一封信中，派拉蒙还表示，将提议修改华纳兄弟的公司章程，要求任何剥离这家媒体巨头有线电视业务的交易都必须获得股东批准，而有线电视业务是奈飞公司交易的关键部分。派拉蒙的论点是，其以每股30美元全现金收购整个华纳兄弟的方案优于奈飞公司以每股27.75美元现金加股票收购其制片厂和流媒体资产的方案，并且更容易获得监管机构的批准。（央视记者 刘旭）奈飞称收购华纳兄弟部分资产的计划未变>>2026中央广播电视总台版权所有。未经许可，请勿转载使用。","news_type":1,"symbols_score_info":{"PARA":1.9,"WBD":1.95,"NFLX":0.9}},"isVote":1,"tweetType":1,"viewCount":525,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":519938849132832,"gmtCreate":1767921490789,"gmtModify":1767921960487,"author":{"id":"3537417120281286","authorId":"3537417120281286","name":"好东西要一直拿着","avatar":"https://static.tigerbbs.com/ed03e24159cdfb1a1cc9e0eb75d70106","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3537417120281286","idStr":"3537417120281286"},"themes":[],"title":"","htmlText":"<a href=\"https://laohu8.com/S/01810\">$01810(01810)$&nbsp;</a> 垃圾公司一直阴跌","listText":"<a href=\"https://laohu8.com/S/01810\">$01810(01810)$&nbsp;</a> 垃圾公司一直阴跌","text":"$01810(01810)$ 垃圾公司一直阴跌","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/519938849132832","isVote":1,"tweetType":1,"viewCount":723,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":519596344181008,"gmtCreate":1767838447130,"gmtModify":1767838449254,"author":{"id":"3537417120281286","authorId":"3537417120281286","name":"好东西要一直拿着","avatar":"https://static.tigerbbs.com/ed03e24159cdfb1a1cc9e0eb75d70106","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3537417120281286","idStr":"3537417120281286"},"themes":[],"title":"","htmlText":"然而股价还是一塌糊涂","listText":"然而股价还是一塌糊涂","text":"然而股价还是一塌糊涂","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/519596344181008","repostId":"2601335994","repostType":2,"repost":{"id":"2601335994","kind":"highlight","pubTimestamp":1767836684,"share":"https://www.laohu8.com/m/news/2601335994?lang=zh_CN&edition=full","pubTime":"2026-01-08 09:44","market":"hk","language":"zh","title":"小米增速断层领先！一图速览2025年国内主要车企销量及增速","url":"https://stock-news.laohu8.com/highlight/detail?id=2601335994","media":"东方财富研究中心","summary":"小米增速断层领先！一图速览2025年国内主要车企销量及增速","content":"<html><body><div>\n<center><img emheight=\"1041\" src=\"https://np-newspic.dfcfw.com/download/D25737677858025310622_w800h1436_o.jpg\" width=\"580\"/></center><p>（文章来源：<span><a href=\"https://laohu8.com/S/300059\">东方财富</a></span><span></span>研究中心）</p> </div></body></html>","source":"eastmoney_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>小米增速断层领先！一图速览2025年国内主要车企销量及增速</title>\n<style 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href=\"http://finance.eastmoney.com/news/11158,202601083612434521.html\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"81810":"小米集团-WR","SG9999002463.SGD":"LionGlobal China Growth SGD","LU0540923850.HKD":"ALLIANZ HONG KONG EQUITY \"A\" (HKD) INC","LU1880383440.USD":"AMUNDI FUNDS CHINA EQUITY \"A2\" (USD) INC","LU1808992512.USD":"AB ALL CHINA EQUITY PORTFOLIO \"A\" (USD) ACC","IE00B3M56506.USD":"NEUBERGER BERMAN EMERGING MARKETS EQUITY \"A\" (USD) ACC","BK1610":"ETF&股票定投概念","LU0634319403.HKD":"ALLIANZ HONG KONG EQUITY \"AT\" (HKD) ACC","BK1575":"同股不同权","LU2097828557.USD":"AZ EQUITY CHINA \"A\" (USD) ACC","LU0052750758.USD":"富兰克林中国基金A Acc","LU0531971595.HKD":"HSBC GIF CHINESE EQUITY \"AD\" (HKD) INC","LU2097828631.EUR":"AZ EQUITY CHINA \"A\" (EUR) ACC","LU2778985437.USD":"ALLIANZ CHINA FUTURE TECHNOLOGIES \"A\" (USD) INC","HXXD.SI":"Xiaomi HK SDR 2to1","HK0000165453.HKD":"华夏精选大中华科技基金 A类港币","LU0611395673.USD":"NINETY ONE GSF 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拿了好久了，你啥时候反弹下，垃圾","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/509824844628544","isVote":1,"tweetType":1,"viewCount":1040,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":507441061217288,"gmtCreate":1764917658684,"gmtModify":1764917661366,"author":{"id":"3537417120281286","authorId":"3537417120281286","name":"好东西要一直拿着","avatar":"https://static.tigerbbs.com/ed03e24159cdfb1a1cc9e0eb75d70106","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3537417120281286","idStr":"3537417120281286"},"themes":[],"title":"","htmlText":"开始搞乱七八糟的东西稳股价了","listText":"开始搞乱七八糟的东西稳股价了","text":"开始搞乱七八糟的东西稳股价了","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/507441061217288","repostId":"2589572218","repostType":2,"repost":{"id":"2589572218","kind":"news","pubTimestamp":1764903081,"share":"https://www.laohu8.com/m/news/2589572218?lang=zh_CN&edition=full","pubTime":"2025-12-05 10:51","market":"hk","language":"zh","title":"蔚来取得空气弹簧调试方法、装置及计算机可读存储介质专利","url":"https://stock-news.laohu8.com/highlight/detail?id=2589572218","media":"市场资讯","summary":"国家知识产权局信息显示，蔚来汽车科技（安徽）有限公司取得一项名为“空气弹簧调试方法、装置以及计算机可读存储介质”的专利，授权公告号CN113378316B，申请日期为2021年6月。通过天眼查大数据分析，蔚来汽车科技（安徽）有限公司共对外投资了5家企业，参与招投标项目29次，财产线索方面有商标信息2343条，专利信息3265条，此外企业还拥有行政许可26个。","content":"<html><body><article><p>国家知识产权局信息显示，<a href=\"https://laohu8.com/S/NIO\">蔚来</a>汽车科技（安徽）有限公司取得一项名为“空气弹簧调试方法、装置以及计算机可读存储介质”的专利，授权公告号CN113378316B，申请日期为2021年6月。</p><p>天眼查资料显示，<a href=\"https://laohu8.com/S/09866\">蔚来</a>汽车科技（安徽）有限公司，成立于2020年，位于合肥市，是一家以从事科技推广和应用服务业为主的企业。企业注册资本2600000万人民币。通过天眼查大数据分析，<a href=\"https://laohu8.com/S/NIO.SI\">蔚来</a>汽车科技（安徽）有限公司共对外投资了5家企业，参与招投标项目29次，财产线索方面有商标信息2343条，专利信息3265条，此外企业还拥有行政许可26个。</p><p>声明：市场有风险，投资需谨慎。本文为AI基于第三方数据生成，仅供参考，不构成个人投资建议。</p><p>财经频道更多独家策划、专家专栏，免费查阅&gt;&gt;</p></article></body></html>","source":"tencent","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta 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href=http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN202512051104509791034a&s=b><strong>市场资讯</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>国家知识产权局信息显示，蔚来汽车科技（安徽）有限公司取得一项名为“空气弹簧调试方法、装置以及计算机可读存储介质”的专利，授权公告号CN113378316B，申请日期为2021年6月。天眼查资料显示，蔚来汽车科技（安徽）有限公司，成立于2020年，位于合肥市，是一家以从事科技推广和应用服务业为主的企业。企业注册资本2600000万人民币。通过天眼查大数据分析，蔚来汽车科技（安徽）有限公司共对外投资了...</p>\n\n<a href=\"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN202512051104509791034a&s=b\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NIO":"蔚来","BK1588":"回港中概股","09866":"蔚来-SW","BK1119":"汽车制造商"},"source_url":"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN202512051104509791034a&s=b","is_english":false,"share_image_url":"https://static.laohu8.com/9a95c1376e76363c1401fee7d3717173","article_id":"2589572218","content_text":"国家知识产权局信息显示，蔚来汽车科技（安徽）有限公司取得一项名为“空气弹簧调试方法、装置以及计算机可读存储介质”的专利，授权公告号CN113378316B，申请日期为2021年6月。天眼查资料显示，蔚来汽车科技（安徽）有限公司，成立于2020年，位于合肥市，是一家以从事科技推广和应用服务业为主的企业。企业注册资本2600000万人民币。通过天眼查大数据分析，蔚来汽车科技（安徽）有限公司共对外投资了5家企业，参与招投标项目29次，财产线索方面有商标信息2343条，专利信息3265条，此外企业还拥有行政许可26个。声明：市场有风险，投资需谨慎。本文为AI基于第三方数据生成，仅供参考，不构成个人投资建议。财经频道更多独家策划、专家专栏，免费查阅>>","news_type":1,"symbols_score_info":{"NIO":0.9,"09866":1.5}},"isVote":1,"tweetType":1,"viewCount":1045,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":507612605620408,"gmtCreate":1764904940211,"gmtModify":1764904942338,"author":{"id":"3537417120281286","authorId":"3537417120281286","name":"好东西要一直拿着","avatar":"https://static.tigerbbs.com/ed03e24159cdfb1a1cc9e0eb75d70106","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3537417120281286","idStr":"3537417120281286"},"themes":[],"title":"","htmlText":"还活着呢","listText":"还活着呢","text":"还活着呢","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/507612605620408","repostId":"2588007109","repostType":2,"repost":{"id":"2588007109","kind":"live","pubTimestamp":1764816182,"share":"https://www.laohu8.com/m/news/2588007109?lang=zh_CN&edition=full","pubTime":"2025-12-04 10:43","market":"nz","language":"zh","title":"FF称FX Super One首批整套零部件抵达美国将开始组装 此前该车被指抄袭","url":"https://stock-news.laohu8.com/highlight/detail?id=2588007109","media":"格隆汇","summary":"法拉第未来(NASDAQ: FFAI)12月4日宣布，首批FX Super One的整套零部件已抵达美国长滩港，完成清关，并开始运往公司位于加州汉福德的FF aiFactory工厂。该批零部件为FX ","content":"<html><body><p>法拉第未来(NASDAQ: FFAI)12月4日宣布，首批FX Super One的整套零部件已抵达美国长滩港，完成清关，并开始运往公司位于加州汉福德的FF aiFactory工厂。该批零部件为FX Super One首批预量产车生产所需的全套散件，车辆组装完成后将用于美国市场的测试、营销及相关活动。</p></body></html>","source":"live_gelonghui","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>FF称FX Super One首批整套零部件抵达美国将开始组装 此前该车被指抄袭</title>\n<style 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}\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nFF称FX Super One首批整套零部件抵达美国将开始组装 此前该车被指抄袭\n</h2>\n\n<h4 class=\"meta\">\n\n\n2025-12-04 10:43 北京时间&nbsp;&nbsp;&nbsp;<a href=https://www.gelonghui.com/rss/live/live.xml><strong>格隆汇</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>法拉第未来(NASDAQ: FFAI)12月4日宣布，首批FX Super One的整套零部件已抵达美国长滩港，完成清关，并开始运往公司位于加州汉福德的FF aiFactory工厂。该批零部件为FX Super One首批预量产车生产所需的全套散件，车辆组装完成后将用于美国市场的测试、营销及相关活动。</p>\n\n<a href=\"https://www.gelonghui.com/rss/live/live.xml\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4099":"汽车制造商","FFAI":"Faraday Future Intelligent Electric Inc"},"source_url":"https://www.gelonghui.com/rss/live/live.xml","is_english":false,"share_image_url":"https://static.laohu8.com/6b8fa6424aebe95f6781d04ef17a1852","article_id":"2588007109","content_text":"法拉第未来(NASDAQ: FFAI)12月4日宣布，首批FX Super One的整套零部件已抵达美国长滩港，完成清关，并开始运往公司位于加州汉福德的FF aiFactory工厂。该批零部件为FX Super One首批预量产车生产所需的全套散件，车辆组装完成后将用于美国市场的测试、营销及相关活动。","news_type":1,"symbols_score_info":{"FFAI":1}},"isVote":1,"tweetType":1,"viewCount":636,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":502565358416112,"gmtCreate":1763714930685,"gmtModify":1763714933023,"author":{"id":"3537417120281286","authorId":"3537417120281286","name":"好东西要一直拿着","avatar":"https://static.tigerbbs.com/ed03e24159cdfb1a1cc9e0eb75d70106","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3537417120281286","idStr":"3537417120281286"},"themes":[],"title":"","htmlText":"美的真脏啊","listText":"美的真脏啊","text":"美的真脏啊","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/502565358416112","repostId":"2585194339","repostType":2,"repost":{"id":"2585194339","kind":"news","pubTimestamp":1763705494,"share":"https://www.laohu8.com/m/news/2585194339?lang=zh_CN&edition=full","pubTime":"2025-11-21 14:11","market":"hk","language":"zh","title":"美的“售后禁令”来了，剑指小米！","url":"https://stock-news.laohu8.com/highlight/detail?id=2585194339","media":"互联网品牌官","summary":"据了解，该政策由美的中国区通过各区域负责人单独传达，覆盖范围明确指向小米、格力等品牌的空调安装及维修服务。上述美的员工表示，在他所在的区域，头部几家合作的售后服务商已经终止了与小米的合作，可见这一政策的执行力度并不小。如果不能尽快解决售后短板，美的此次的“售后禁令”或许只是开始，后续传统巨头可能还会在供应链、渠道等更多环节发起竞争。","content":"<html><body><article><p><strong>作者 | 李大为  来源 |互联网品牌官</strong></p><p>11月21日，美的近期向全国合作的售后服务商下达了一项特殊要求：不得再同时承接<a href=\"https://laohu8.com/S/XIACY\">小米</a>或格力的售后相关业务。</p><p>据了解，该政策由美的中国区通过各区域负责人单独传达，覆盖范围明确指向<a href=\"https://laohu8.com/S/01810\">小米</a>、格力等品牌的空调安装及维修服务。</p><p>对于这一消息，美的公关部门给出的回应是“不清楚此事”，但这一说法并未得到市场层面的认同。</p><p>多位<a href=\"https://laohu8.com/S/81810\">小米</a>经销商向界面新闻证实了禁令的真实性，他们透露，空调售后的核心环节是安装。</p><img src=\"https://inews.gtimg.com/om_bt/OWnOkxk3bFjLt-uCrtvFvEO_dPxzgZH-h9N7ciUxVBiPkAA/0\"/><p>目前小米采用“送装一体”和“先送后装”两种模式，美的的“二选一”要求确实会削弱小米与线下服务商的绑定程度。</p><p>不过经销商们也表示，目前市场上仍有第三方服务商可合作，只要能把控好收费标准，短期内对小米空调的服务质量不会造成太大影响。</p><p>一位美的中国区内部员工的说法，更直接点出了这一政策的核心指向。</p><p>他透露，此次禁令主要针对的是小米，今年小米空调销量的大幅增长，让美的切实感受到了市场威胁，相关通知早在10月份就已下发。</p><p>在他看来，这一举措精准击中了小米的短板——家电售后体系尚未成熟。</p><p>从行业逻辑来看，美的敢于出台这样的政策，核心底气还是源于传统家电巨头在售后体系上的长期积累所形成的垄断性优势。</p><p>和汽车、3C行业不同，美的、格力等传统家电品牌在市场份额上的优势，直接转化为对下游售后服务商的强大话语权。</p><img src=\"https://inews.gtimg.com/om_bt/OebDzKIKYMycCo1vQAKE7CE5CTzV2lFmgjFMOJTagTCoIAA/0\"/><p>上述美的员工表示，在他所在的区域，头部几家合作的售后服务商已经终止了与小米的合作，可见这一政策的执行力度并不小。</p><p>小米的售后短板，在美的的这一举措下被进一步放大。</p><p>公开信息显示，小米武汉智能家电工厂一期已于10月28日竣工投产，峰值年产能可达700万套，按照规划，2026年小米将开启空调产品的大规模量产。</p><p>目前小米空调的售后主要依赖外包模式，借助第三方服务商的本地化网络快速覆盖市场，这种模式在壁挂式、立柜式等常规空调的安装维修上尚可应对，毕竟这类产品的技术门槛不高。</p><p>但卢伟冰在11月18日的财报会上提到，小米将通过中央空调等产品线推动平均销售价格上行，而中央空调作为非标品，对售后的专业性要求完全不同。</p><p>上述美的员工直言，小米此前的售后网点多服务于小家电和黑电，即便同样是电器产品，空调售后尤其是中央空调的售后，对工人的技术要求完全是另一个层面。</p><p>空调柜挂机和中央空调的售后工人几乎属于两个行业，不仅技术不通用，中央空调售后的利润空间也更高，这意味着小米想搭建专业的中央空调售后团队，必须从零开始。</p><p>一个专业售后网点的成熟周期，也给小米的千亿目标蒙上了一层阴影。“从建立到成熟至少需要三个月到半年，工人的磨合期和适应期都不能少。”</p><p>这位美的员工补充道，更现实的问题是，今年房地产市场萎缩加上国补退潮，不少第三方售后网点因为订单下滑已经面临停摆。</p><p>小米想快速整合资源并不容易，“如果明年6月份前搞不定售后问题，后续的扩张计划会很危险。”</p><p>其实小米遇到的售后难题，格力在进军冰洗市场时也曾经历过。</p><img src=\"https://inews.gtimg.com/om_bt/O20vfqlaaxBqKF7975HHxZcDzeF43CpG0h1B9gCdPOW70AA/0\"/><p>当时格力沿用了空调的经销商模式快速铺货，售后同样外包给第三方，但忽略了冰洗产品没有安装环节、利润空间有限的特点，导致经销商缺乏做好售后的动力，最终影响了品牌在冰洗市场的拓展。</p><p>这也恰恰凸显了售后体系对大家电品牌的重要性，而美的在这方面的投入向来不遗余力。</p><p>据了解，一家美的售后网点的人员配置接近50人，其中技术人员占比达一半，其余为售后工人。</p><p>在二线城市城区，这样的网点数量通常能达到7家以上，大的省份更是接近70家，这种高密度、高专业性的售后布局，正是美的敢于对服务商提出“二选一”要求的核心支撑。</p><p>对于消费者来说，大家电的使用周期长，售后体验直接决定了品牌认可度。很多时候，消费者愿意为知名品牌支付溢价，除了产品质量，更看重后续的安装、维修保障。</p><p>小米想要在大家电市场实现“弯道超车”，产能扩张和产品升级只是第一步，如何快速搭建起匹配千亿规模的专业售后团队，或许才是真正的“生死考题”。</p><p>目前来看，小米仍有调整时间，但留给它的窗口期并不算长。如果不能尽快解决售后短板，美的此次的“售后禁令”或许只是开始，后续传统巨头可能还会在供应链、渠道等更多环节发起竞争。</p><p>这场传统巨头与互联网新势力的较量，最终会走向何方，还需要时间给出答案。</p></article></body></html>","source":"tencent","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" 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.h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n美的“售后禁令”来了，剑指小米！\n</h2>\n\n<h4 class=\"meta\">\n\n\n2025-11-21 14:11 北京时间&nbsp;&nbsp;&nbsp;<a href=http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN20251121142248a4b0de4d&s=b><strong>互联网品牌官</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>作者 | 李大为  来源 |互联网品牌官11月21日，美的近期向全国合作的售后服务商下达了一项特殊要求：不得再同时承接小米或格力的售后相关业务。据了解，该政策由美的中国区通过各区域负责人单独传达，覆盖范围明确指向小米、格力等品牌的空调安装及维修服务。对于这一消息，美的公关部门给出的回应是“不清楚此事”，但这一说法并未得到市场层面的认同。多位小米经销商向界面新闻证实了禁令的真实性，他们透露，空调售后...</p>\n\n<a href=\"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN20251121142248a4b0de4d&s=b\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"81810":"小米集团-WR","LU0449515922.USD":"HSBC GIF GLOBAL EMERGING MARKETS EQUITY \"PC\" (USD)ACC","LU1981816686.USD":"EASTSPRING INV ASIAN MULTI FACTOR EQUITY \"A\" (USD) ACC","LU0054450605.USD":"HSBC GIF GLOBAL EMERGING MARKTS EQ \"AD\" INC","LU1251922891.USD":"NINETY ONE GSF ALL CHINA EQUITY \"A\" (USD) ACC","HXXD.SI":"Xiaomi HK SDR 2to1","LU1770036033.HKD":"NINETY ONE GSF ASIAN EQUITY \"A\" (HKD) ACC","LU1023057109.AUD":"BGF CHINA \"A2\" (AUDHDG) ACC","LU1880383440.USD":"AMUNDI FUNDS CHINA EQUITY \"A2\" (USD) INC","IE00B3M56506.USD":"NEUBERGER BERMAN EMERGING MARKETS EQUITY \"A\" 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INC","LU0348735423.USD":"ALLIANZ HONG KONG EQUITY \"A\" (USD) INC"},"source_url":"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN20251121142248a4b0de4d&s=b","is_english":false,"share_image_url":"https://static.laohu8.com/9a95c1376e76363c1401fee7d3717173","article_id":"2585194339","content_text":"作者 | 李大为  来源 |互联网品牌官11月21日，美的近期向全国合作的售后服务商下达了一项特殊要求：不得再同时承接小米或格力的售后相关业务。据了解，该政策由美的中国区通过各区域负责人单独传达，覆盖范围明确指向小米、格力等品牌的空调安装及维修服务。对于这一消息，美的公关部门给出的回应是“不清楚此事”，但这一说法并未得到市场层面的认同。多位小米经销商向界面新闻证实了禁令的真实性，他们透露，空调售后的核心环节是安装。目前小米采用“送装一体”和“先送后装”两种模式，美的的“二选一”要求确实会削弱小米与线下服务商的绑定程度。不过经销商们也表示，目前市场上仍有第三方服务商可合作，只要能把控好收费标准，短期内对小米空调的服务质量不会造成太大影响。一位美的中国区内部员工的说法，更直接点出了这一政策的核心指向。他透露，此次禁令主要针对的是小米，今年小米空调销量的大幅增长，让美的切实感受到了市场威胁，相关通知早在10月份就已下发。在他看来，这一举措精准击中了小米的短板——家电售后体系尚未成熟。从行业逻辑来看，美的敢于出台这样的政策，核心底气还是源于传统家电巨头在售后体系上的长期积累所形成的垄断性优势。和汽车、3C行业不同，美的、格力等传统家电品牌在市场份额上的优势，直接转化为对下游售后服务商的强大话语权。上述美的员工表示，在他所在的区域，头部几家合作的售后服务商已经终止了与小米的合作，可见这一政策的执行力度并不小。小米的售后短板，在美的的这一举措下被进一步放大。公开信息显示，小米武汉智能家电工厂一期已于10月28日竣工投产，峰值年产能可达700万套，按照规划，2026年小米将开启空调产品的大规模量产。目前小米空调的售后主要依赖外包模式，借助第三方服务商的本地化网络快速覆盖市场，这种模式在壁挂式、立柜式等常规空调的安装维修上尚可应对，毕竟这类产品的技术门槛不高。但卢伟冰在11月18日的财报会上提到，小米将通过中央空调等产品线推动平均销售价格上行，而中央空调作为非标品，对售后的专业性要求完全不同。上述美的员工直言，小米此前的售后网点多服务于小家电和黑电，即便同样是电器产品，空调售后尤其是中央空调的售后，对工人的技术要求完全是另一个层面。空调柜挂机和中央空调的售后工人几乎属于两个行业，不仅技术不通用，中央空调售后的利润空间也更高，这意味着小米想搭建专业的中央空调售后团队，必须从零开始。一个专业售后网点的成熟周期，也给小米的千亿目标蒙上了一层阴影。“从建立到成熟至少需要三个月到半年，工人的磨合期和适应期都不能少。”这位美的员工补充道，更现实的问题是，今年房地产市场萎缩加上国补退潮，不少第三方售后网点因为订单下滑已经面临停摆。小米想快速整合资源并不容易，“如果明年6月份前搞不定售后问题，后续的扩张计划会很危险。”其实小米遇到的售后难题，格力在进军冰洗市场时也曾经历过。当时格力沿用了空调的经销商模式快速铺货，售后同样外包给第三方，但忽略了冰洗产品没有安装环节、利润空间有限的特点，导致经销商缺乏做好售后的动力，最终影响了品牌在冰洗市场的拓展。这也恰恰凸显了售后体系对大家电品牌的重要性，而美的在这方面的投入向来不遗余力。据了解，一家美的售后网点的人员配置接近50人，其中技术人员占比达一半，其余为售后工人。在二线城市城区，这样的网点数量通常能达到7家以上，大的省份更是接近70家，这种高密度、高专业性的售后布局，正是美的敢于对服务商提出“二选一”要求的核心支撑。对于消费者来说，大家电的使用周期长，售后体验直接决定了品牌认可度。很多时候，消费者愿意为知名品牌支付溢价，除了产品质量，更看重后续的安装、维修保障。小米想要在大家电市场实现“弯道超车”，产能扩张和产品升级只是第一步，如何快速搭建起匹配千亿规模的专业售后团队，或许才是真正的“生死考题”。目前来看，小米仍有调整时间，但留给它的窗口期并不算长。如果不能尽快解决售后短板，美的此次的“售后禁令”或许只是开始，后续传统巨头可能还会在供应链、渠道等更多环节发起竞争。这场传统巨头与互联网新势力的较量，最终会走向何方，还需要时间给出答案。","news_type":1,"symbols_score_info":{"81810":0.6,"MIUmain":0.6,"XIACY":0.6,"HXXD.SI":0.6,"01810":1.5}},"isVote":1,"tweetType":1,"viewCount":867,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":502128877716080,"gmtCreate":1763608373594,"gmtModify":1763608375831,"author":{"id":"3537417120281286","authorId":"3537417120281286","name":"好东西要一直拿着","avatar":"https://static.tigerbbs.com/ed03e24159cdfb1a1cc9e0eb75d70106","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3537417120281286","idStr":"3537417120281286"},"themes":[],"title":"","htmlText":"别发了，没用的，股价起不来了","listText":"别发了，没用的，股价起不来了","text":"别发了，没用的，股价起不来了","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/502128877716080","repostId":"2584600906","repostType":2,"repost":{"id":"2584600906","kind":"news","pubTimestamp":1763606529,"share":"https://www.laohu8.com/m/news/2584600906?lang=zh_CN&edition=full","pubTime":"2025-11-20 10:42","market":"hk","language":"zh","title":"雷军亲自到场见证！小米汽车第50万辆下线","url":"https://stock-news.laohu8.com/highlight/detail?id=2584600906","media":"快科技","summary":"快科技11月20日消息，刚刚，小米汽车官宣第50万辆整车正式下产线，小米集团创办人、董事长兼CEO雷军在现场见证了这一历史时刻。得益于SU7和YU7的持续畅销，小米汽车达成第50万台整车下线堪称神速，此时距离开启交付仅仅过去了1年8个月，而传统车企需5-10年才能实现该目标。此外还有消息称，小米汽车明年将挑战100万的销量，彻底成为成长最快的新势力车企。","content":"<html><body><article><p>快科技11月20日消息，刚刚，<strong><a href=\"https://laohu8.com/S/XIACY\">小米</a>汽车官宣第50万辆整车正式下产线，<a href=\"https://laohu8.com/S/01810\">小米</a>集团创办人、董事长兼CEO雷军在现场见证了这一历史时刻</strong>。</p><p>乘联会最新公布的数据显示，<a href=\"https://laohu8.com/S/81810\">小米</a>汽车10月份零售销量达到了48654辆，其中YU7的批发销量更是多达33662辆，杀入乘用车单月销量前十名！</p><p>得益于SU7和YU7的持续畅销，<strong>小米汽车达成第50万台整车下线堪称神速，此时距离开启交付仅仅过去了1年8个月，而传统车企需5-10年才能实现该目标</strong>。</p><p>即便是和新势力相比，同样也处于绝对领先：小米从0到30万辆仅用15个月，比<a href=\"https://laohu8.com/S/TSLA\">特斯拉</a>快4个月（580天），比<a href=\"https://laohu8.com/S/LI\">理想</a>快约4倍（1207天），比小鹏快5倍多（1571天）。</p><p>50万辆被视为新势力车企的 \"及格线\"，<strong>一旦达成，则标志着小米已从 “造车新兵”晋升为 “主流玩家”。</strong></p><p>此外还有消息称，小米汽车明年将挑战100万的销量，彻底成为成长最快的新势力车企。</p><img src=\"https://inews.gtimg.com/om_bt/OLOy-CiNu3iQzQYU3BIe3ssNvcMW_VZDUNBOn2eu0bmFcAA/0\"/></article></body></html>","source":"tencent","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>雷军亲自到场见证！小米汽车第50万辆下线</title>\n<style 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margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n雷军亲自到场见证！小米汽车第50万辆下线\n</h2>\n\n<h4 class=\"meta\">\n\n\n2025-11-20 10:42 北京时间&nbsp;&nbsp;&nbsp;<a href=http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN20251120104421a4ae274a&s=b><strong>快科技</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>快科技11月20日消息，刚刚，小米汽车官宣第50万辆整车正式下产线，小米集团创办人、董事长兼CEO雷军在现场见证了这一历史时刻。乘联会最新公布的数据显示，小米汽车10月份零售销量达到了48654辆，其中YU7的批发销量更是多达33662辆，杀入乘用车单月销量前十名！得益于SU7和YU7的持续畅销，小米汽车达成第50万台整车下线堪称神速，此时距离开启交付仅仅过去了1年8个月，而传统车企需5-10年...</p>\n\n<a href=\"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN20251120104421a4ae274a&s=b\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"81810":"小米集团-WR","LU0214875030.USD":"HSBC GIF BRIC EQUITY \"M2C\" (USD) ACC","LU1481107354.HKD":"HSBC GIF HONG KONG EQUITY \"AD\" (HKD) INC","LU0594300179.USD":"FIDELITY CHINA CONSUMER \"A\" (USD) ACC","LU0231483743.USD":"abrdn SICAV I - ALL CHINA SUSTAINABLE EQUITY \"A\" (USD) ACC","LU0149721374.USD":"HSBC GIF HONG KONG EQUITY \"AD\" INC","LU1961090484.USD":"ALLIANZ ALL CHINA EQUITY \"A\" (USD) INC","LU2097828557.USD":"AZ EQUITY CHINA \"A\" (USD) ACC","LU1105468828.SGD":"Allianz Total Return Asian Equity AM DIS H2-SGD","BK1615":"港股-互联网","LU0320764599.SGD":"FTIF - Templeton China A Acc SGD","BK1575":"同股不同权","LU0823041008.USD":"AMUNDI FUNDS EMERGING WORLD EQUITY \"A2\" (USD) ACC","HXXD.SI":"Xiaomi HK SDR 2to1","HK0000165453.HKD":"华夏精选大中华科技基金 A类港币","LU0326950275.SGD":"Schroder ISF 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SGD"},"source_url":"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN20251120104421a4ae274a&s=b","is_english":false,"share_image_url":"https://static.laohu8.com/9a95c1376e76363c1401fee7d3717173","article_id":"2584600906","content_text":"快科技11月20日消息，刚刚，小米汽车官宣第50万辆整车正式下产线，小米集团创办人、董事长兼CEO雷军在现场见证了这一历史时刻。乘联会最新公布的数据显示，小米汽车10月份零售销量达到了48654辆，其中YU7的批发销量更是多达33662辆，杀入乘用车单月销量前十名！得益于SU7和YU7的持续畅销，小米汽车达成第50万台整车下线堪称神速，此时距离开启交付仅仅过去了1年8个月，而传统车企需5-10年才能实现该目标。即便是和新势力相比，同样也处于绝对领先：小米从0到30万辆仅用15个月，比特斯拉快4个月（580天），比理想快约4倍（1207天），比小鹏快5倍多（1571天）。50万辆被视为新势力车企的 \"及格线\"，一旦达成，则标志着小米已从 “造车新兵”晋升为 “主流玩家”。此外还有消息称，小米汽车明年将挑战100万的销量，彻底成为成长最快的新势力车企。","news_type":1,"symbols_score_info":{"81810":0.6,"HXXD.SI":0.6,"01810":1.5,"XIACY":0.6,"MIUmain":0.6}},"isVote":1,"tweetType":1,"viewCount":899,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":501346887209320,"gmtCreate":1763429450076,"gmtModify":1763429452271,"author":{"id":"3537417120281286","authorId":"3537417120281286","name":"好东西要一直拿着","avatar":"https://static.tigerbbs.com/ed03e24159cdfb1a1cc9e0eb75d70106","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3537417120281286","idStr":"3537417120281286"},"themes":[],"title":"","htmlText":"啥时候发布呢","listText":"啥时候发布呢","text":"啥时候发布呢","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/501346887209320","repostId":"1117325495","repostType":2,"repost":{"id":"1117325495","kind":"news","weMediaInfo":{"introduction":"专注财报前瞻、财报解析的大模型Agent","home_visible":1,"media_name":"财报Agent","id":"1017018787","head_image":"https://community-static.tradeup.com/news/decf3d8a922fc5c1c1d787bf8b36173f"},"pubTimestamp":1762847656,"share":"https://www.laohu8.com/m/news/1117325495?lang=zh_CN&edition=full","pubTime":"2025-11-11 15:54","market":"hk","language":"zh","title":"财报前瞻 | 小米Q3营收预增28%，电动车有望实现盈利，智能手机与IoT面临压力","url":"https://stock-news.laohu8.com/highlight/detail?id=1117325495","media":"财报Agent","summary":"每股收益预计为0.39元，同比增长75%。电动车业务方面，随着交付量的持续增长，小米汽车有望首次盈利。华泰证券预计，第三季度智能手机收入可能小幅下滑约1%。花旗预计小米第三季度的电动车营收将实现盈利，但手机业务毛利率及IoT收入增速未达预期。电动车业务的盈利突破可能成为亮点，推动整体业绩增长，而智能手机业务和物联网业务则面临一定的增长放缓和毛利率压力。","content":"<html><head></head><body><p><a href=\"https://laohu8.com/S/01810\">小米集团-W</a>将于11月18日（港股盘后）发布其2025年第三季度财报。根据老虎国际APP数据预测，小米第三季度总收入约为1165亿元人民币，同比增长约28%。每股收益预计为0.39元，同比增长75%。</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/40f9c0d1eb8a99a137eaa459cbad7e7a\" title=\"\" tg-width=\"1179\" tg-height=\"587\"/></p><p>具体来看，智能手机业务仍面临一定压力，预计毛利率受到存储芯片价格上涨的影响。尽管如此，手机高端化战略继续推进，整体收入有望得到支撑。物联网与生活方式产品（IoT）的增速预计会有所放缓，主要受到中国补贴退坡的影响，但毛利率依然保持韧性。电动车业务方面，随着交付量的持续增长，小米汽车有望首次盈利。</p><h2 id=\"id_2824935115\">上季度回顾</h2><ul style=\"\"><li><p><strong>营收</strong>：1159.6亿元人民币，同比增长30.5%，创历史新高，超出预期的1149.4亿元人民币。</p></li><li><p><strong>调整后净利润</strong>：108.3亿元人民币，同比增长75.4%，同样创下历史新高，超出预期的102.3亿元人民币。</p></li><li><p><strong>营业利润</strong>：134.4亿元人民币，超出预期的104.3亿元人民币。</p></li><li><p><strong>毛利率</strong>：22.5%，环比微降0.3个百分点。</p></li><li><p><strong>研发支出</strong>：77.6亿元人民币，同比增长41.2%，超出预期的71.8亿元人民币。</p></li></ul><h4 id=\"id_3420669461\">各业务表现：</h4><ul style=\"\"><li><p><strong>智能电动汽车</strong>：收入213亿元人民币，交付81302辆新车，毛利率26.4%。经营亏损收窄至3亿元人民币，远超市场预期。</p></li><li><p><strong>手机业务</strong>：全球出货量同比微增0.6%，达到4240万台，但收入同比下降2.1%，降至455亿元人民币，主要受低价机型拉低整体平均销售单价（ASP）影响。毛利率从12.1%降至11.5%。</p></li><li><p><strong>AIoT业务</strong>：收入同比增长44.7%，达到387亿元人民币，创历史新高。智能大家电（空调、冰箱、洗衣机）表现尤为突出，收入同比增长66.2%，毛利率提升至22.5%。</p></li></ul><h2 id=\"id_3345078273\">本季度看点</h2><p>本季度财报的关键看点主要集中在以下几个方面：</p><ul style=\"\"><li><p><strong>电动车业务的首次盈利</strong>：电动车业务预计首次实现单季盈利，成为本季度财报的最大亮点。随着交付量的逐步攀升，小米电动汽车业务将成为未来增长的重要驱动力。预计交付量约为10.9万辆，收入286亿元，毛利率在26%以上。电动车业务的盈利能力不仅能提升小米整体财务表现，还能增强市场对其未来增长潜力的信心。</p></li><li><p><strong>智能手机业务面临压力</strong>：智能手机毛利率承压，主要由于存储芯片价格上涨。华泰证券预计，第三季度智能手机收入可能小幅下滑约1%。不过，小米在高端市场的持续推进，特别是17系列的高端机型（Pro/Pro Max）占比提升，仍将为整体收入结构提供一定支撑。高端化战略将有助于抵消部分成本压力，尽管短期内毛利率有所下降，长期来看，仍有助于改善盈利能力。</p></li><li><p><strong>物联网（IoT）业务增速放缓</strong>：物联网业务面临一定挑战，主要源于政府补贴退坡以及市场竞争加剧。尽管如此，物联网的毛利率仍保持韧性。建银国际预计，第三季度IoT收入增速可能放缓至5%，但由于小米避免了大规模的价格战，其毛利率仍将维持较高水平。海外市场的持续扩展，尤其是欧洲和印度市场的渗透，或许会成为IoT板块新的增长亮点。</p></li><li><p><strong>全球化进程加速</strong>：随着小米在全球市场的进一步扩张，尤其是在印度和东南亚市场，预计将逐步弥补国内市场的放缓。高盛预计，随着小米在全球零售业务的加强，海外市场的贡献将加速增长，成为驱动公司整体收入增长的重要因素。</p></li></ul><p><strong>机构观点</strong></p><p>各大机构对小米的目标价普遍进行了下调，但仍保持对小米长期增长潜力的乐观预期。以下是一些主要机构的观点：</p><ul style=\"\"><li><p><strong>华泰证券</strong>：该机构维持小米“买入”评级，并预计第三季度收入将同比增长23%，主要受到电动车业务强劲表现的推动。华泰证券预计小米第三季度的电动车出货量为10.9万台，电动车业务有望首次盈利。尽管手机业务毛利率面临压力，华泰证券仍看好小米在高端市场的持续推进，维持目标价65.4港元，较此前下调约5%。</p></li><li><p><strong>花旗银行</strong>：花旗银行对小米的目标价微调，从66港元下调至65港元。花旗预计小米第三季度的电动车营收将实现盈利，但手机业务毛利率及IoT收入增速未达预期。花旗认为，短期内小米的智能手机业务将面临较大压力，但长期来看，小米在AIoT和电动车等新兴业务的增长将支撑其整体业绩。</p></li><li><p><strong>高盛</strong>：高盛对小米的目标价下调幅度较大，从66港元下调至56.5港元。高盛指出，存储芯片价格上涨会对智能手机毛利率带来压力，且电动汽车二期工厂的延期可能影响交付进度。然而，高盛也强调，随着电动车交付量的增加和全球化进程的加速，小米的盈利结构将得到进一步优化，特别是AIoT和互联网服务业务将为整体盈利提供持续支撑。</p></li><li><p><strong>中银国际</strong>：中银国际维持小米“买入”评级，并将目标价小幅下调至74.4港元。该机构认为，尽管短期内受到智能手机毛利率下降的影响，小米的长期增长潜力依然强劲，尤其是在电动汽车和高端手机市场的持续发力下。中银国际认为，小米目前的估值已具吸引力，是一个长期投资机会。</p></li></ul><h2 id=\"id_303898188\">总结</h2><p>小米即将发布的2025年第三季度财报预计将呈现“冰火两重天”的局面。电动汽车业务的盈利突破可能成为亮点，推动整体业绩增长，而智能手机和物联网业务则面临增长放缓和毛利率压力。尽管短期内挑战较大，机构普遍维持“买入”评级，显示出对小米长期增长潜力的信心。</p><p>投资者应关注三大核心业务的表现：电动车盈利能力、智能手机毛利率变化和物联网业务增长。如果这些业务能够按预期发展，尤其是电动车持续盈利，小米股价可能在未来几个月迎来反弹。</p><p>总体来看，虽然短期压力较大，但小米仍具备强劲的长期增长潜力。投资者应在关注短期财报的同时，把握小米在高端手机、电动汽车及全球扩张中的发展机遇。</p><p><em>此内容基于tiger AI数据生成，内容仅供参考。</em></p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>财报前瞻 | 小米Q3营收预增28%，电动车有望实现盈利，智能手机与IoT面临压力</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n财报前瞻 | 小米Q3营收预增28%，电动车有望实现盈利，智能手机与IoT面临压力\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1017018787\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/decf3d8a922fc5c1c1d787bf8b36173f);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">财报Agent </p>\n<p class=\"h-time\">2025-11-11 15:54</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p><a href=\"https://laohu8.com/S/01810\">小米集团-W</a>将于11月18日（港股盘后）发布其2025年第三季度财报。根据老虎国际APP数据预测，小米第三季度总收入约为1165亿元人民币，同比增长约28%。每股收益预计为0.39元，同比增长75%。</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/40f9c0d1eb8a99a137eaa459cbad7e7a\" title=\"\" tg-width=\"1179\" tg-height=\"587\"/></p><p>具体来看，智能手机业务仍面临一定压力，预计毛利率受到存储芯片价格上涨的影响。尽管如此，手机高端化战略继续推进，整体收入有望得到支撑。物联网与生活方式产品（IoT）的增速预计会有所放缓，主要受到中国补贴退坡的影响，但毛利率依然保持韧性。电动车业务方面，随着交付量的持续增长，小米汽车有望首次盈利。</p><h2 id=\"id_2824935115\">上季度回顾</h2><ul style=\"\"><li><p><strong>营收</strong>：1159.6亿元人民币，同比增长30.5%，创历史新高，超出预期的1149.4亿元人民币。</p></li><li><p><strong>调整后净利润</strong>：108.3亿元人民币，同比增长75.4%，同样创下历史新高，超出预期的102.3亿元人民币。</p></li><li><p><strong>营业利润</strong>：134.4亿元人民币，超出预期的104.3亿元人民币。</p></li><li><p><strong>毛利率</strong>：22.5%，环比微降0.3个百分点。</p></li><li><p><strong>研发支出</strong>：77.6亿元人民币，同比增长41.2%，超出预期的71.8亿元人民币。</p></li></ul><h4 id=\"id_3420669461\">各业务表现：</h4><ul style=\"\"><li><p><strong>智能电动汽车</strong>：收入213亿元人民币，交付81302辆新车，毛利率26.4%。经营亏损收窄至3亿元人民币，远超市场预期。</p></li><li><p><strong>手机业务</strong>：全球出货量同比微增0.6%，达到4240万台，但收入同比下降2.1%，降至455亿元人民币，主要受低价机型拉低整体平均销售单价（ASP）影响。毛利率从12.1%降至11.5%。</p></li><li><p><strong>AIoT业务</strong>：收入同比增长44.7%，达到387亿元人民币，创历史新高。智能大家电（空调、冰箱、洗衣机）表现尤为突出，收入同比增长66.2%，毛利率提升至22.5%。</p></li></ul><h2 id=\"id_3345078273\">本季度看点</h2><p>本季度财报的关键看点主要集中在以下几个方面：</p><ul style=\"\"><li><p><strong>电动车业务的首次盈利</strong>：电动车业务预计首次实现单季盈利，成为本季度财报的最大亮点。随着交付量的逐步攀升，小米电动汽车业务将成为未来增长的重要驱动力。预计交付量约为10.9万辆，收入286亿元，毛利率在26%以上。电动车业务的盈利能力不仅能提升小米整体财务表现，还能增强市场对其未来增长潜力的信心。</p></li><li><p><strong>智能手机业务面临压力</strong>：智能手机毛利率承压，主要由于存储芯片价格上涨。华泰证券预计，第三季度智能手机收入可能小幅下滑约1%。不过，小米在高端市场的持续推进，特别是17系列的高端机型（Pro/Pro Max）占比提升，仍将为整体收入结构提供一定支撑。高端化战略将有助于抵消部分成本压力，尽管短期内毛利率有所下降，长期来看，仍有助于改善盈利能力。</p></li><li><p><strong>物联网（IoT）业务增速放缓</strong>：物联网业务面临一定挑战，主要源于政府补贴退坡以及市场竞争加剧。尽管如此，物联网的毛利率仍保持韧性。建银国际预计，第三季度IoT收入增速可能放缓至5%，但由于小米避免了大规模的价格战，其毛利率仍将维持较高水平。海外市场的持续扩展，尤其是欧洲和印度市场的渗透，或许会成为IoT板块新的增长亮点。</p></li><li><p><strong>全球化进程加速</strong>：随着小米在全球市场的进一步扩张，尤其是在印度和东南亚市场，预计将逐步弥补国内市场的放缓。高盛预计，随着小米在全球零售业务的加强，海外市场的贡献将加速增长，成为驱动公司整体收入增长的重要因素。</p></li></ul><p><strong>机构观点</strong></p><p>各大机构对小米的目标价普遍进行了下调，但仍保持对小米长期增长潜力的乐观预期。以下是一些主要机构的观点：</p><ul style=\"\"><li><p><strong>华泰证券</strong>：该机构维持小米“买入”评级，并预计第三季度收入将同比增长23%，主要受到电动车业务强劲表现的推动。华泰证券预计小米第三季度的电动车出货量为10.9万台，电动车业务有望首次盈利。尽管手机业务毛利率面临压力，华泰证券仍看好小米在高端市场的持续推进，维持目标价65.4港元，较此前下调约5%。</p></li><li><p><strong>花旗银行</strong>：花旗银行对小米的目标价微调，从66港元下调至65港元。花旗预计小米第三季度的电动车营收将实现盈利，但手机业务毛利率及IoT收入增速未达预期。花旗认为，短期内小米的智能手机业务将面临较大压力，但长期来看，小米在AIoT和电动车等新兴业务的增长将支撑其整体业绩。</p></li><li><p><strong>高盛</strong>：高盛对小米的目标价下调幅度较大，从66港元下调至56.5港元。高盛指出，存储芯片价格上涨会对智能手机毛利率带来压力，且电动汽车二期工厂的延期可能影响交付进度。然而，高盛也强调，随着电动车交付量的增加和全球化进程的加速，小米的盈利结构将得到进一步优化，特别是AIoT和互联网服务业务将为整体盈利提供持续支撑。</p></li><li><p><strong>中银国际</strong>：中银国际维持小米“买入”评级，并将目标价小幅下调至74.4港元。该机构认为，尽管短期内受到智能手机毛利率下降的影响，小米的长期增长潜力依然强劲，尤其是在电动汽车和高端手机市场的持续发力下。中银国际认为，小米目前的估值已具吸引力，是一个长期投资机会。</p></li></ul><h2 id=\"id_303898188\">总结</h2><p>小米即将发布的2025年第三季度财报预计将呈现“冰火两重天”的局面。电动汽车业务的盈利突破可能成为亮点，推动整体业绩增长，而智能手机和物联网业务则面临增长放缓和毛利率压力。尽管短期内挑战较大，机构普遍维持“买入”评级，显示出对小米长期增长潜力的信心。</p><p>投资者应关注三大核心业务的表现：电动车盈利能力、智能手机毛利率变化和物联网业务增长。如果这些业务能够按预期发展，尤其是电动车持续盈利，小米股价可能在未来几个月迎来反弹。</p><p>总体来看，虽然短期压力较大，但小米仍具备强劲的长期增长潜力。投资者应在关注短期财报的同时，把握小米在高端手机、电动汽车及全球扩张中的发展机遇。</p><p><em>此内容基于tiger AI数据生成，内容仅供参考。</em></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/aea2b9ab8a046974039715aed46d9985","relate_stocks":{"01810":"小米集团-W"},"source_url":"","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1117325495","content_text":"小米集团-W将于11月18日（港股盘后）发布其2025年第三季度财报。根据老虎国际APP数据预测，小米第三季度总收入约为1165亿元人民币，同比增长约28%。每股收益预计为0.39元，同比增长75%。具体来看，智能手机业务仍面临一定压力，预计毛利率受到存储芯片价格上涨的影响。尽管如此，手机高端化战略继续推进，整体收入有望得到支撑。物联网与生活方式产品（IoT）的增速预计会有所放缓，主要受到中国补贴退坡的影响，但毛利率依然保持韧性。电动车业务方面，随着交付量的持续增长，小米汽车有望首次盈利。上季度回顾营收：1159.6亿元人民币，同比增长30.5%，创历史新高，超出预期的1149.4亿元人民币。调整后净利润：108.3亿元人民币，同比增长75.4%，同样创下历史新高，超出预期的102.3亿元人民币。营业利润：134.4亿元人民币，超出预期的104.3亿元人民币。毛利率：22.5%，环比微降0.3个百分点。研发支出：77.6亿元人民币，同比增长41.2%，超出预期的71.8亿元人民币。各业务表现：智能电动汽车：收入213亿元人民币，交付81302辆新车，毛利率26.4%。经营亏损收窄至3亿元人民币，远超市场预期。手机业务：全球出货量同比微增0.6%，达到4240万台，但收入同比下降2.1%，降至455亿元人民币，主要受低价机型拉低整体平均销售单价（ASP）影响。毛利率从12.1%降至11.5%。AIoT业务：收入同比增长44.7%，达到387亿元人民币，创历史新高。智能大家电（空调、冰箱、洗衣机）表现尤为突出，收入同比增长66.2%，毛利率提升至22.5%。本季度看点本季度财报的关键看点主要集中在以下几个方面：电动车业务的首次盈利：电动车业务预计首次实现单季盈利，成为本季度财报的最大亮点。随着交付量的逐步攀升，小米电动汽车业务将成为未来增长的重要驱动力。预计交付量约为10.9万辆，收入286亿元，毛利率在26%以上。电动车业务的盈利能力不仅能提升小米整体财务表现，还能增强市场对其未来增长潜力的信心。智能手机业务面临压力：智能手机毛利率承压，主要由于存储芯片价格上涨。华泰证券预计，第三季度智能手机收入可能小幅下滑约1%。不过，小米在高端市场的持续推进，特别是17系列的高端机型（Pro/Pro Max）占比提升，仍将为整体收入结构提供一定支撑。高端化战略将有助于抵消部分成本压力，尽管短期内毛利率有所下降，长期来看，仍有助于改善盈利能力。物联网（IoT）业务增速放缓：物联网业务面临一定挑战，主要源于政府补贴退坡以及市场竞争加剧。尽管如此，物联网的毛利率仍保持韧性。建银国际预计，第三季度IoT收入增速可能放缓至5%，但由于小米避免了大规模的价格战，其毛利率仍将维持较高水平。海外市场的持续扩展，尤其是欧洲和印度市场的渗透，或许会成为IoT板块新的增长亮点。全球化进程加速：随着小米在全球市场的进一步扩张，尤其是在印度和东南亚市场，预计将逐步弥补国内市场的放缓。高盛预计，随着小米在全球零售业务的加强，海外市场的贡献将加速增长，成为驱动公司整体收入增长的重要因素。机构观点各大机构对小米的目标价普遍进行了下调，但仍保持对小米长期增长潜力的乐观预期。以下是一些主要机构的观点：华泰证券：该机构维持小米“买入”评级，并预计第三季度收入将同比增长23%，主要受到电动车业务强劲表现的推动。华泰证券预计小米第三季度的电动车出货量为10.9万台，电动车业务有望首次盈利。尽管手机业务毛利率面临压力，华泰证券仍看好小米在高端市场的持续推进，维持目标价65.4港元，较此前下调约5%。花旗银行：花旗银行对小米的目标价微调，从66港元下调至65港元。花旗预计小米第三季度的电动车营收将实现盈利，但手机业务毛利率及IoT收入增速未达预期。花旗认为，短期内小米的智能手机业务将面临较大压力，但长期来看，小米在AIoT和电动车等新兴业务的增长将支撑其整体业绩。高盛：高盛对小米的目标价下调幅度较大，从66港元下调至56.5港元。高盛指出，存储芯片价格上涨会对智能手机毛利率带来压力，且电动汽车二期工厂的延期可能影响交付进度。然而，高盛也强调，随着电动车交付量的增加和全球化进程的加速，小米的盈利结构将得到进一步优化，特别是AIoT和互联网服务业务将为整体盈利提供持续支撑。中银国际：中银国际维持小米“买入”评级，并将目标价小幅下调至74.4港元。该机构认为，尽管短期内受到智能手机毛利率下降的影响，小米的长期增长潜力依然强劲，尤其是在电动汽车和高端手机市场的持续发力下。中银国际认为，小米目前的估值已具吸引力，是一个长期投资机会。总结小米即将发布的2025年第三季度财报预计将呈现“冰火两重天”的局面。电动汽车业务的盈利突破可能成为亮点，推动整体业绩增长，而智能手机和物联网业务则面临增长放缓和毛利率压力。尽管短期内挑战较大，机构普遍维持“买入”评级，显示出对小米长期增长潜力的信心。投资者应关注三大核心业务的表现：电动车盈利能力、智能手机毛利率变化和物联网业务增长。如果这些业务能够按预期发展，尤其是电动车持续盈利，小米股价可能在未来几个月迎来反弹。总体来看，虽然短期压力较大，但小米仍具备强劲的长期增长潜力。投资者应在关注短期财报的同时，把握小米在高端手机、电动汽车及全球扩张中的发展机遇。此内容基于tiger AI数据生成，内容仅供参考。","news_type":1,"symbols_score_info":{"01810":2}},"isVote":1,"tweetType":1,"viewCount":1541,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":499947344294640,"gmtCreate":1763083217268,"gmtModify":1763083219469,"author":{"id":"3537417120281286","authorId":"3537417120281286","name":"好东西要一直拿着","avatar":"https://static.tigerbbs.com/ed03e24159cdfb1a1cc9e0eb75d70106","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3537417120281286","idStr":"3537417120281286"},"themes":[],"title":"","htmlText":"股价毫无反应","listText":"股价毫无反应","text":"股价毫无反应","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/499947344294640","repostId":"2583568504","repostType":2,"repost":{"id":"2583568504","kind":"news","pubTimestamp":1763024899,"share":"https://www.laohu8.com/m/news/2583568504?lang=zh_CN&edition=full","pubTime":"2025-11-13 17:08","market":"us","language":"zh","title":"阿里将向AI C端市场投入一枚重磅","url":"https://stock-news.laohu8.com/highlight/detail?id=2583568504","media":"AGI接口","summary":"加磅C端在阿里内部，2024年全年，针对C端模型市场、AI搜索入口市场，夸克是集团内最为重要的产品。可以说，“千问APP”更像是阿里集结了目前集团内各类AI C端能力的头部兵力而调配出的“重装合成旅”，而其战术目标是在C端市场拿下足够广阔的份额并提高阿里在AI C端市场的心智。从一软一硬，阿里显然希望在年内能够在C端市场打开一些局面。","content":"<html><body><article><img src=\"https://fid-75186.picgzc.qpic.cn/20251113172856370v1636sjhjgbs0rl\"/><p>出品｜虎嗅商业消费组</p><p>作者｜苗正卿</p><p>题图｜<a href=\"https://laohu8.com/S/000681\">视觉中国</a></p><p>虎嗅独家获悉，9月后，从北京、广东等地“调”来的超过百位核心工程师，汇聚到了<a href=\"https://laohu8.com/S/BABA\">阿里巴巴</a>杭州西溪园区C4楼。此后，C4楼封闭了两层办公楼层，员工需要刷工牌及特殊的安保审批，方能进入。</p><p>百余位核心工程所投身的，是阿里内部的秘密项目针对C端用户的“千问APP”。虎嗅了解到，该项目由集团最高层批示，由夸克、阿里云等业务线核心工程师组成项目组，在阿里内部这属于战略级别项目——旨在杀入C端模型市场。</p><p>在国外，这一市场最为知名的，是OpenAI旗下的ChatGPT系列，而在国内2024年下半年到2025年上半年，豆包、元宝、DeepSeek厮杀正酣。</p><p>加磅C端</p><p>在阿里内部，2024年全年，针对C端模型市场、AI搜索入口市场，夸克是集团内最为重要的产品。与此同时，阿里云的通义Qwen模型并未直接杀入C端市场，而是更关注在开源社区（业内专业开发者）的下载量和使用情况。</p><p>虎嗅独家获悉，阿里内部给基础模型团队的考核维度，以模型影响力为导向，这包括了衍生模型的总数量以及在开源社区、开发者社区的人气（下载量、讨论热度等）。值得注意的是，截至目前Qwen模型已经是全球开源社区下载量第一、衍生模型数量第一的头号模型。</p><p>在目前阿里的体系内，基础模型Qwen团队归属于阿里云，而C端产品归属于夸克。而这两个产品团队，最高层面都直接向<a href=\"https://laohu8.com/S/09988\">阿里巴巴</a>CEO吴泳铭汇报。虎嗅了解到，本次“千问APP”的主体团队以夸克为班底，但产品的核心基础模型是基于Qwen。</p><p>从协作上看，集团高层推动了多个部门的精兵强将参与其中。截至目前，“千问APP”以项目组的方式在运转，后续在产品正式上市后，可能会有新的团队体系调整。虎嗅了解到，目前的合作分工，基本上和划归于数智集团（夸克也归属于此）的通义APP运转模式相近。</p><p>另有消息人士告诉虎嗅，2024年四季度以来，阿里高层多方拜会国内外在大模型、多模态等领域的学者，并成功邀请多位全球顶级科学家加入团队。而其中一些人士也参与到“千问APP”相关研发工作之中。</p><p>从多方信源，虎嗅掌握一个信息：2025年初DeepSeek在C端市场的火爆，对阿里内部基础模型能力和产品思路有一些影响。在能力方面，团队对于推理能力、多模态能力所倾注的资源进一步加强，在产品侧团队以及高层开始认真考虑“杀入C端AI产品市场”的广阔空间。</p><p>即将问世的“千问APP”主要基于Qwen模型，但涵盖了夸克的部分能力（比如多模态识别、一些功能模块的嵌入等）。可以说，“千问APP”更像是阿里集结了目前集团内各类AI C端能力的头部兵力而调配出的“重装合成旅”，<strong>而其战术目标是在C端市场拿下足够广阔的份额并提高阿里在AI C端市场的心智。</strong></p><p>消息发出后，阿里的股价获益明显，港股当天午后涨幅一度接近6%，截至收盘涨幅超过3%。</p><p>可能需要重新认识阿里的价值了</p><p>这一消息发出后，笔者的第一反应是：外界可能将重新评估阿里这家公司的长远价值。</p><p>截至2025年10月，OpenAI的最新估值已经超过5000亿美元。但值得注意的是，OpenAI实际上是基于“OpenAI-<a href=\"https://laohu8.com/S/MSFT\">微软</a>-<a href=\"https://laohu8.com/S/NVDA\">英伟达</a>”同盟而存在的，在这一模式下，微软和英伟达实际上在扮演OpenAI的“弹药供应方”，OpenAI本身并不具备“生产算力”的基础设施和必要能力。</p><p>按照最新的合作框架，OpenAI规划未来十年要部署 20GW 算力，围绕这个框架将投入的将是超过1万亿美元的真金白银。这一系列信息提供的视角是：1.OpenAI它最大的一个痛点是算力 2.OpenAI所依赖的是一个包含了微软、英伟达、<a href=\"https://laohu8.com/S/AMD\">AMD</a>、<a href=\"https://laohu8.com/S/ORCL\">甲骨文</a>等等“FAANG”力量在内的美国AI生态圈。</p><p>相比之下，阿里的竞争优势是：它是闭环的。</p><p>它具备生产算力的能力和基础设施。按照吴泳铭所宣布的，阿里是准备继续投入3800亿到AI基础设施的。如果“千问APP”成功在C端市场持续扩大份额，那么当我们去观察这个产品时，它背后的算力资源闭环一定是个不可忽视的关键要素。</p><p>另一个隐形的维度是商业化。早在2023年，OpenAI就已经开始尝试电商变现，但这条路迟迟没有走通。对于阿里而言，存在一个“广域”的想象空间：如果拥有一款在C端市场“心智入口”级别的AI产品，那么将会给其电商带来巨大的流量入口效应和加持。</p><p>上述两个维度，实际上是“千问APP”这步棋，可能带来的全局性变量。</p><p>不过，摆在“千问APP”面前的挑战是巨大的：如果参考豆包、元宝两个友商在2024和2025年崛起的路径，二者都依托了生态内既有的巨型流量池。如果“千问APP”想异军突起，流量一定是一个关键考题。</p><p>以及，按照DeepSeek的规划，它们最新的模型也即将发布，那么“千问APP”可能会在时间周期上，和DeepSeek正面竞争，这将是激烈的产品和心智大战。</p><p>但故事截至这里并未结束。</p><p>我们要看到阿里对于C端AI心智的迫切：在“千问APP”消息出现的几乎同时，阿里的另一个AI C端入口产品——夸克AI眼镜也即将正式上市。从一软一硬，阿里显然希望在年内能够在C端市场打开一些局面。考虑到每年3月31日是阿里新财年节点，我们有理由推论出两个结论：</p><p>·阿里希望能够在2026年3月31日前，验证出在C端AI市场，软硬两条路的实际效果，并基于此去规划新财年的整体战略；</p><p>·阿里有可能像年内“支援淘宝闪购业务”一样，针对这两个C端AI心智入口，饱和式投入资源。</p><p>从这个视角看，未来两三个月，对于阿里而言，至关重要。</p><p>本内容未经允许不得转载。授权事宜请联系 hezuo@huxiu.com。</p><p>End</p></article></body></html>","source":"tencent","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>阿里将向AI C端市场投入一枚重磅</title>\n<style 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margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n阿里将向AI C端市场投入一枚重磅\n</h2>\n\n<h4 class=\"meta\">\n\n\n2025-11-13 17:08 北京时间&nbsp;&nbsp;&nbsp;<a href=http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN20251113172900a6f6a729&s=b><strong>AGI接口</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>出品｜虎嗅商业消费组作者｜苗正卿题图｜视觉中国虎嗅独家获悉，9月后，从北京、广东等地“调”来的超过百位核心工程师，汇聚到了阿里巴巴杭州西溪园区C4楼。此后，C4楼封闭了两层办公楼层，员工需要刷工牌及特殊的安保审批，方能进入。百余位核心工程所投身的，是阿里内部的秘密项目针对C端用户的“千问APP”。虎嗅了解到，该项目由集团最高层批示，由夸克、阿里云等业务线核心工程师组成项目组，在阿里内部这属于战略...</p>\n\n<a href=\"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN20251113172900a6f6a729&s=b\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LU2226246903.HKD":"ALLIANZ TOTAL RETURN ASIAN EQUITY \"AT4\" (HKD) ACC","09988":"阿里巴巴-W","LU0979878070.USD":"FULLERTON LUX FUNDS - ASIA ABSOLUTE ALPHA \"A\" (USD) ACC","BK4607":"DeepSeek概念股","LU0072913022.USD":"UBS (LUX) EQUITY FUND -  GREATER CHINA \"P\" (USD) ACC","LU2148611432.USD":"AZ ALLOCATION BALANCED BRAVE \"AAZ\" (USDHDG) ACC","BK4524":"宅经济概念","BK4220":"综合零售","BK4554":"元宇宙及AR概念","BK4581":"高盛持仓","LU0880133367.SGD":"UBS (LUX) EQUITY FUND CHINA OPPORTUNITY USD \"P\" (SGD) ACC","BK4527":"明星科技股","BK4543":"AI","LU0553294199.USD":"BGF GLOBAL EQUITY INCOME \"A5G\" (USD) INC","BK4531":"中概回港概念","LU0661504455.SGD":"Blackrock Global Equity Income A5 SGD-H","LU1105468828.SGD":"Allianz Total Return Asian Equity AM DIS 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INC","BK4548":"巴美列捷福持仓"},"source_url":"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN20251113172900a6f6a729&s=b","is_english":false,"share_image_url":"https://static.laohu8.com/9a95c1376e76363c1401fee7d3717173","article_id":"2583568504","content_text":"出品｜虎嗅商业消费组作者｜苗正卿题图｜视觉中国虎嗅独家获悉，9月后，从北京、广东等地“调”来的超过百位核心工程师，汇聚到了阿里巴巴杭州西溪园区C4楼。此后，C4楼封闭了两层办公楼层，员工需要刷工牌及特殊的安保审批，方能进入。百余位核心工程所投身的，是阿里内部的秘密项目针对C端用户的“千问APP”。虎嗅了解到，该项目由集团最高层批示，由夸克、阿里云等业务线核心工程师组成项目组，在阿里内部这属于战略级别项目——旨在杀入C端模型市场。在国外，这一市场最为知名的，是OpenAI旗下的ChatGPT系列，而在国内2024年下半年到2025年上半年，豆包、元宝、DeepSeek厮杀正酣。加磅C端在阿里内部，2024年全年，针对C端模型市场、AI搜索入口市场，夸克是集团内最为重要的产品。与此同时，阿里云的通义Qwen模型并未直接杀入C端市场，而是更关注在开源社区（业内专业开发者）的下载量和使用情况。虎嗅独家获悉，阿里内部给基础模型团队的考核维度，以模型影响力为导向，这包括了衍生模型的总数量以及在开源社区、开发者社区的人气（下载量、讨论热度等）。值得注意的是，截至目前Qwen模型已经是全球开源社区下载量第一、衍生模型数量第一的头号模型。在目前阿里的体系内，基础模型Qwen团队归属于阿里云，而C端产品归属于夸克。而这两个产品团队，最高层面都直接向阿里巴巴CEO吴泳铭汇报。虎嗅了解到，本次“千问APP”的主体团队以夸克为班底，但产品的核心基础模型是基于Qwen。从协作上看，集团高层推动了多个部门的精兵强将参与其中。截至目前，“千问APP”以项目组的方式在运转，后续在产品正式上市后，可能会有新的团队体系调整。虎嗅了解到，目前的合作分工，基本上和划归于数智集团（夸克也归属于此）的通义APP运转模式相近。另有消息人士告诉虎嗅，2024年四季度以来，阿里高层多方拜会国内外在大模型、多模态等领域的学者，并成功邀请多位全球顶级科学家加入团队。而其中一些人士也参与到“千问APP”相关研发工作之中。从多方信源，虎嗅掌握一个信息：2025年初DeepSeek在C端市场的火爆，对阿里内部基础模型能力和产品思路有一些影响。在能力方面，团队对于推理能力、多模态能力所倾注的资源进一步加强，在产品侧团队以及高层开始认真考虑“杀入C端AI产品市场”的广阔空间。即将问世的“千问APP”主要基于Qwen模型，但涵盖了夸克的部分能力（比如多模态识别、一些功能模块的嵌入等）。可以说，“千问APP”更像是阿里集结了目前集团内各类AI C端能力的头部兵力而调配出的“重装合成旅”，而其战术目标是在C端市场拿下足够广阔的份额并提高阿里在AI C端市场的心智。消息发出后，阿里的股价获益明显，港股当天午后涨幅一度接近6%，截至收盘涨幅超过3%。可能需要重新认识阿里的价值了这一消息发出后，笔者的第一反应是：外界可能将重新评估阿里这家公司的长远价值。截至2025年10月，OpenAI的最新估值已经超过5000亿美元。但值得注意的是，OpenAI实际上是基于“OpenAI-微软-英伟达”同盟而存在的，在这一模式下，微软和英伟达实际上在扮演OpenAI的“弹药供应方”，OpenAI本身并不具备“生产算力”的基础设施和必要能力。按照最新的合作框架，OpenAI规划未来十年要部署 20GW 算力，围绕这个框架将投入的将是超过1万亿美元的真金白银。这一系列信息提供的视角是：1.OpenAI它最大的一个痛点是算力 2.OpenAI所依赖的是一个包含了微软、英伟达、AMD、甲骨文等等“FAANG”力量在内的美国AI生态圈。相比之下，阿里的竞争优势是：它是闭环的。它具备生产算力的能力和基础设施。按照吴泳铭所宣布的，阿里是准备继续投入3800亿到AI基础设施的。如果“千问APP”成功在C端市场持续扩大份额，那么当我们去观察这个产品时，它背后的算力资源闭环一定是个不可忽视的关键要素。另一个隐形的维度是商业化。早在2023年，OpenAI就已经开始尝试电商变现，但这条路迟迟没有走通。对于阿里而言，存在一个“广域”的想象空间：如果拥有一款在C端市场“心智入口”级别的AI产品，那么将会给其电商带来巨大的流量入口效应和加持。上述两个维度，实际上是“千问APP”这步棋，可能带来的全局性变量。不过，摆在“千问APP”面前的挑战是巨大的：如果参考豆包、元宝两个友商在2024和2025年崛起的路径，二者都依托了生态内既有的巨型流量池。如果“千问APP”想异军突起，流量一定是一个关键考题。以及，按照DeepSeek的规划，它们最新的模型也即将发布，那么“千问APP”可能会在时间周期上，和DeepSeek正面竞争，这将是激烈的产品和心智大战。但故事截至这里并未结束。我们要看到阿里对于C端AI心智的迫切：在“千问APP”消息出现的几乎同时，阿里的另一个AI C端入口产品——夸克AI眼镜也即将正式上市。从一软一硬，阿里显然希望在年内能够在C端市场打开一些局面。考虑到每年3月31日是阿里新财年节点，我们有理由推论出两个结论：·阿里希望能够在2026年3月31日前，验证出在C端AI市场，软硬两条路的实际效果，并基于此去规划新财年的整体战略；·阿里有可能像年内“支援淘宝闪购业务”一样，针对这两个C端AI心智入口，饱和式投入资源。从这个视角看，未来两三个月，对于阿里而言，至关重要。本内容未经允许不得转载。授权事宜请联系 hezuo@huxiu.com。End","news_type":1,"symbols_score_info":{"ALBmain":0.6,"09988":0.6,"BABA":1.5}},"isVote":1,"tweetType":1,"viewCount":1450,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":499368955957576,"gmtCreate":1762941586993,"gmtModify":1762941589225,"author":{"id":"3537417120281286","authorId":"3537417120281286","name":"好东西要一直拿着","avatar":"https://static.tigerbbs.com/ed03e24159cdfb1a1cc9e0eb75d70106","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3537417120281286","idStr":"3537417120281286"},"themes":[],"title":"","htmlText":"无人在意","listText":"无人在意","text":"无人在意","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/499368955957576","repostId":"2582323178","repostType":2,"repost":{"id":"2582323178","kind":"news","pubTimestamp":1762933452,"share":"https://www.laohu8.com/m/news/2582323178?lang=zh_CN&edition=full","pubTime":"2025-11-12 15:44","market":"us","language":"zh","title":"“科技圈风水轮流转” 王自如称对苹果期待值越来越低","url":"https://stock-news.laohu8.com/highlight/detail?id=2582323178","media":"手机中国","summary":"11月12日，国内知名视频测评机构Zealer创始人兼CEO王自如在社交媒体发布视频，直言对苹果公司的期待值正在降低。这一观点呼应了科技行业周期性迭代的特征，暗示苹果若不能及时调整战略，可能面临被新一代技术公司超越的风险。作为国内最早从事专业科技视频测评的创业者，王自如及其创办的Zealer长期聚焦消费电子与创新科技领域，其观点常被视为行业风向标。","content":"<html><body><article><p>【CNMO科技消息】11月12日，国内知名视频测评机构Zealer创始人兼CEO王自如在社交媒体发布视频，直言对<a href=\"https://laohu8.com/S/AAPL\">苹果</a>公司的期待值正在降低。他认为，当前技术创新的焦点已从硬件形态转向软件与人工智能，而苹果在这一新趋势中并未展现出足够的引领力。</p><img src=\"https://inews.gtimg.com/om_bt/OlgP4FdrPoSzmHCihkytfdiqmppaIJZ4OlEM1QumSNBmoAA/0\"/><p>王自如</p><p>王自如指出，苹果过去的成功很大程度上依赖于硬件产品的形态创新，如iPhone与iPad等设备抓住了移动互联网的商业机遇。然而，未来的科技驱动力将更多来自软件、算法与AI的深度融合，而苹果在这些领域的布局和突破尚未达到行业预期。他进一步表示：“新的未来趋势、技术的诞生和曲线并不在苹果的擅长范围内。”</p><img src=\"https://inews.gtimg.com/om_bt/OiuEXNqpOj3ZAwX_503Y3OSq2TCnBss2dIZ1vFBhRz-6IAA/0\"/><p>在视频中，王自如还提到“科技圈是风水轮流转的”，并强调每隔几年就会有一家企业成为全球科技进步与商业模式的引领者，现在的引领者便是OpenAI。这一观点呼应了科技行业周期性迭代的特征，暗示苹果若不能及时调整战略，可能面临被新一代技术公司超越的风险。</p><img src=\"https://inews.gtimg.com/om_bt/OlVUOAmNdTkfxbcuC521vwom7bZ1K0lYR2epRgYfCTzjkAA/0\"/><p>作为国内最早从事专业科技视频测评的创业者，王自如及其创办的Zealer长期聚焦消费电子与<a href=\"https://laohu8.com/S/C76.SI\">创新科技</a>领域，其观点常被视为行业风向标。此次他对苹果的公开评价，不仅反映了一部分市场对苹果创新节奏的担忧，也凸显出全球科技竞争正从硬件性能向生态与智能服务转型的关键节点。</p></article></body></html>","source":"tencent","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>“科技圈风水轮流转” 王自如称对苹果期待值越来越低</title>\n<style 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href=\"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN20251112154715a6f3dc0c&s=b\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SG9999015945.SGD":"LionGlobal Disruptive Innovation Fund A SGD","IE0004445015.USD":"JANUS HENDERSON BALANCED \"A2\" (USD) ACC","LU1815333072.USD":"THREADNEEDLE (LUX) GLOBAL FOCUS \"AUP\" (USD) INC","LU2237438978.USD":"Amundi Funds US Pioneer A2 (C) USD","LU0456855351.SGD":"JPMorgan Funds - Global Equity A (acc) SGD","LU2896262040.SGD":"JPM US GROWTH FUND \"A\" (SGD) ACC","LU0314106906.USD":"MANULIFE GF GLOBAL EQUITY \"AA\" (USD) INC","LU0127658192.USD":"EASTSPRING INVESTMENTS GLOBAL TECHNOLOGY \"A\" (USD) ACC","LU1582986433.USD":"M&G (LUX) INCOME ALLOCATION \"A-H\" (USDHDG) INC","LU2602419157.SGD":"HSBC ISLAMIC GLOBAL EQUITY INDEX \"AC\" (SGD) ACC","LU0795875169.SGD":"JPMorgan Investment Funds - Global Income A (div) SGD-H","LU2236285917.USD":"ALLIANZ GLOBAL INCOME \"AMG\" (USD) 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(SGDHDG)INC","AAPL":"苹果"},"source_url":"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN20251112154715a6f3dc0c&s=b","is_english":false,"share_image_url":"https://static.laohu8.com/9a95c1376e76363c1401fee7d3717173","article_id":"2582323178","content_text":"【CNMO科技消息】11月12日，国内知名视频测评机构Zealer创始人兼CEO王自如在社交媒体发布视频，直言对苹果公司的期待值正在降低。他认为，当前技术创新的焦点已从硬件形态转向软件与人工智能，而苹果在这一新趋势中并未展现出足够的引领力。王自如王自如指出，苹果过去的成功很大程度上依赖于硬件产品的形态创新，如iPhone与iPad等设备抓住了移动互联网的商业机遇。然而，未来的科技驱动力将更多来自软件、算法与AI的深度融合，而苹果在这些领域的布局和突破尚未达到行业预期。他进一步表示：“新的未来趋势、技术的诞生和曲线并不在苹果的擅长范围内。”在视频中，王自如还提到“科技圈是风水轮流转的”，并强调每隔几年就会有一家企业成为全球科技进步与商业模式的引领者，现在的引领者便是OpenAI。这一观点呼应了科技行业周期性迭代的特征，暗示苹果若不能及时调整战略，可能面临被新一代技术公司超越的风险。作为国内最早从事专业科技视频测评的创业者，王自如及其创办的Zealer长期聚焦消费电子与创新科技领域，其观点常被视为行业风向标。此次他对苹果的公开评价，不仅反映了一部分市场对苹果创新节奏的担忧，也凸显出全球科技竞争正从硬件性能向生态与智能服务转型的关键节点。","news_type":1,"symbols_score_info":{"MACW.SI":0.6,"AAPL":1.5}},"isVote":1,"tweetType":1,"viewCount":920,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":496056395604104,"gmtCreate":1762138883133,"gmtModify":1762138885366,"author":{"id":"3537417120281286","authorId":"3537417120281286","name":"好东西要一直拿着","avatar":"https://static.tigerbbs.com/ed03e24159cdfb1a1cc9e0eb75d70106","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3537417120281286","idStr":"3537417120281286"},"themes":[],"title":"","htmlText":"难怪那么痛恨雷军","listText":"难怪那么痛恨雷军","text":"难怪那么痛恨雷军","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/496056395604104","repostId":"2580296289","repostType":2,"repost":{"id":"2580296289","kind":"news","pubTimestamp":1762089573,"share":"https://www.laohu8.com/m/news/2580296289?lang=zh_CN&edition=full","pubTime":"2025-11-02 21:19","market":"hk","language":"zh","title":"营收净利双降，格力提前“入冬”","url":"https://stock-news.laohu8.com/highlight/detail?id=2580296289","media":"北京商报","summary":"相较其余两家业务整体仍呈增长的表现，格力电器的业绩失速尤为突出——单季度营收、净利润的明显下滑，将这位老牌家电巨头内忧外困的窘境外显于当下，仿佛提前“入冬”。核心数据方面，格力电器2025年前三季度实现营业收入1371.8亿元，同比下降6.5%；归属于上市公司股东的净利润214.61亿元，同比下降2.27%，扣非净利润亦同比下滑2.73%。","content":"<div>\n<p>10月最后一周，美的、海尔、格力三家家电巨头相继披露了2025年三季度报告。相较其余两家业务整体仍呈增长的表现，格力电器的业绩失速尤为突出——单季度营收、净利润的明显下滑，将这位老牌家电巨头内忧外困的窘境外显于当下，仿佛提前“入冬”。核心数据方面，格力电器2025年前三季度实现营业收入1371.8亿元，同比下降6.5%；归属于上市公司股东的净利润214.61亿元，同比下降2.27%，扣非净利润亦...</p>\n\n<a href=\"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN2025110221194494e9f8a2&s=b\">网页链接</a>\n\n</div>\n","source":"tencent","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" 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.h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n营收净利双降，格力提前“入冬”\n</h2>\n\n<h4 class=\"meta\">\n\n\n2025-11-02 21:19 北京时间&nbsp;&nbsp;&nbsp;<a href=http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN2025110221194494e9f8a2&s=b><strong>北京商报</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>10月最后一周，美的、海尔、格力三家家电巨头相继披露了2025年三季度报告。相较其余两家业务整体仍呈增长的表现，格力电器的业绩失速尤为突出——单季度营收、净利润的明显下滑，将这位老牌家电巨头内忧外困的窘境外显于当下，仿佛提前“入冬”。核心数据方面，格力电器2025年前三季度实现营业收入1371.8亿元，同比下降6.5%；归属于上市公司股东的净利润214.61亿元，同比下降2.27%，扣非净利润亦...</p>\n\n<a href=\"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN2025110221194494e9f8a2&s=b\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"81810":"小米集团-WR","LU1794554557.SGD":"Allianz All China Equity AT Acc H2-SGD","LU2778985437.USD":"ALLIANZ CHINA FUTURE TECHNOLOGIES \"A\" (USD) INC","BK1523":"武汉本地概念股","LU2039709279.SGD":"MANULIFE GF DRAGON GROWTH \"AA\" (SGDHDG) INC","LU2097828714.EUR":"AZ EQUITY CHINA \"BAZ\" (EUR) ACC","LU0823038988.USD":"AMUNDI FUNDS ASIA EQUITY FOCUS  \"A2\" (USD) ACC","LU0463099449.HKD":"SCHRODER ISF CHINA 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ACC"},"source_url":"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN2025110221194494e9f8a2&s=b","is_english":false,"share_image_url":"https://static.laohu8.com/9a95c1376e76363c1401fee7d3717173","article_id":"2580296289","content_text":"10月最后一周，美的、海尔、格力三家家电巨头相继披露了2025年三季度报告。相较其余两家业务整体仍呈增长的表现，格力电器的业绩失速尤为突出——单季度营收、净利润的明显下滑，将这位老牌家电巨头内忧外困的窘境外显于当下，仿佛提前“入冬”。核心数据方面，格力电器2025年前三季度实现营业收入1371.8亿元，同比下降6.5%；归属于上市公司股东的净利润214.61亿元，同比下降2.27%，扣非净利润亦同比下滑2.73%。如若聚焦三季度单季，则压力更显集中：公司单季营收398.55亿元，同比降幅扩大至15.09%；单季归母净利润70.49亿元，同比下滑9.92%，营收与利润的单季下滑幅度均远超前三季度整体水平。格力在业务结构上对空调依赖度极高，尽管公司并未在三季报披露具体业务营收占比，但其半年报显示，以空调为核心业务的消费电器板块占当期收入比例达78.38%，意味着核心业务的波动将直接决定企业整体业绩走向。遗憾的是，当前空调行业整体仍处调整期。奥维云网数据指出，2025年尾声阶段，空调行业下行压力未获缓解，9月零售量同比下降21.2%，线上线下分别下滑29%、38.1%；11月空调内销排产同比下滑19.8%，出口排产下滑15.7%，且已连续两个月大幅下滑。行业受去库存周期残留、消费市场变化等多重因素压制，需求与生产端双双收缩。科方得智库研究负责人张新原向北京商报记者分析，目前空调行业面临的产品同质化问题较为突出，近些年的技术创新、分野往往难以被消费者直观感知，进一步加剧了行业竞争的白热化与消费者决策的模糊性。据北京商报记者梳理，2021—2024年，格力归母净利润、扣非净利润持续正增长，其中2023年表现尤为亮眼——归母净利润同比大增18.41%，扣非净利润也增长14.92%，增长动能达到阶段高峰；但进入2025年前三季度，两项盈利指标同比增长率双双落入负区间，业绩增长动能在行业调整周期中持续衰减。苏商银行特约研究员高政扬告诉北京商报记者，即便企业有在核心技术上的积累，在行业需求疲软期也难以有效转化成消费端需求，业绩压力由此显露。自身业务及业务带来的盈利困境是内忧。太平洋证券研报指出，格力长期仍有增长动力，如持续深耕空调与暖通板块、布局新能源业务等，当前估值处于低位，具备修复潜力；但短期需警惕行业竞争、原材料波动、海外拓展不及预期等风险。研报中提及的“行业竞争”，则在这个初冬具象化成外困——来自行业后来者的挑战，步步紧逼。小米武汉智能家电工厂的投产，成为对格力空调腹地的又一冲击。不知是巧合还是有意，小米集团首座自建智能家电工厂同样在10月最后一周官宣于武汉光谷正式运营，集团创始人雷军亲临投产仪式并强调，这座数字化工厂每6.5秒即可下线一台高端空调，规划峰值产能可达700万套，远期目标直指“2030年产值100亿元、跻身行业前二”。自建工厂的落地，意味着小米空调从代工模式转向自主制造，供应链效率与品质的提升将进一步强化其产品力，对格力的市场份额亦构成进一步的威胁。双方的纠葛早已贯穿空调赛道多年。从2013年“十亿赌约”拉开序幕，到2018年小米正式入局空调领域，再到2025年的多轮交锋：线上销量数据的隔空博弈（小米称7月线上反超格力，格力则晒出不同口径数据反驳）、“十年免费包修”政策的互相叫板（小米将中央空调纳入包修范围，格力讽其“十年包修是承诺，十年不修才是实力”）、产品工艺的拆机论战，舆论战针尖麦芒的本质是业务的正面冲突。小米集团最新半年报显示，其在大家电领域的扩张态势显著。2025年二季度，小米IoT与生活消费产品收入达387亿元，同比大增44.7%，创历史新高；其中智能大家电收入同比增长66.2%，核心源于空调出货量超540万台，同比增速超60%，同时高端化策略推动产品平均售价（ASP）上升。业务结构上，IoT与生活消费产品在小米整体营收中的占比从2024年二季度的30.1%提升至2025年第二季度的33.4%，成为增长核心板块之一，空调业务快速放量是其中的关键支撑。北京商报记者就相关问题尝试咨询格力电器，截至发稿时未能得到回复。对于格力而言，这个冬天的寒意既来自行业周期的调整，也来自新势力的贴身挑战。若想在内忧外困中破局，不仅要寻求行业库存去化与需求复苏的共振，更需在渠道革新、生态构建上加速转型，才能重拾增长的“春天”。北京商报记者 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是不是要退市了","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":5,"repostSize":0,"link":"https://laohu8.com/post/628798931","isVote":1,"tweetType":1,"viewCount":5118,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3578018187567110","authorId":"3578018187567110","name":"股神C","avatar":"https://static.tigerbbs.com/80ebf3f534f92f132c46d0657e9b48c6","crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"3578018187567110","idStr":"3578018187567110"},"content":"这个退市的话怎么搞 钱还回得来吗","text":"这个退市的话怎么搞 钱还回得来吗","html":"这个退市的话怎么搞 钱还回得来吗"}],"imageCount":0,"langContent":"CN","totalScore":0},{"id":978272892,"gmtCreate":1599239243916,"gmtModify":1703818237694,"author":{"id":"3537417120281286","authorId":"3537417120281286","name":"好东西要一直拿着","avatar":"https://static.tigerbbs.com/ed03e24159cdfb1a1cc9e0eb75d70106","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3537417120281286","idStr":"3537417120281286"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/LKCO\">$箩筐技术(LKCO)$</a>不上1块反正我是不卖了","listText":"<a href=\"https://laohu8.com/S/LKCO\">$箩筐技术(LKCO)$</a>不上1块反正我是不卖了","text":"$箩筐技术(LKCO)$不上1块反正我是不卖了","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/978272892","isVote":1,"tweetType":1,"viewCount":3653,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3546451183620891","authorId":"3546451183620891","name":"williamw","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"authorIdStr":"3546451183620891","idStr":"3546451183620891"},"content":"多少买入的？","text":"多少买入的？","html":"多少买入的？"}],"imageCount":0,"langContent":"CN","totalScore":0},{"id":525534304641784,"gmtCreate":1769330872971,"gmtModify":1769330875535,"author":{"id":"3537417120281286","authorId":"3537417120281286","name":"好东西要一直拿着","avatar":"https://static.tigerbbs.com/ed03e24159cdfb1a1cc9e0eb75d70106","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3537417120281286","idStr":"3537417120281286"},"themes":[],"title":"","htmlText":"希望苹果不会变成第二个诺基亚。诺基亚一开始死掉就是不够拥抱智能操作系统，苹果的困境也是不够拥抱AI，现在都快变成纯硬件取胜了。","listText":"希望苹果不会变成第二个诺基亚。诺基亚一开始死掉就是不够拥抱智能操作系统，苹果的困境也是不够拥抱AI，现在都快变成纯硬件取胜了。","text":"希望苹果不会变成第二个诺基亚。诺基亚一开始死掉就是不够拥抱智能操作系统，苹果的困境也是不够拥抱AI，现在都快变成纯硬件取胜了。","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/525534304641784","repostId":"2606225984","repostType":2,"repost":{"id":"2606225984","kind":"news","pubTimestamp":1769322820,"share":"https://www.laohu8.com/m/news/2606225984?lang=zh_CN&edition=full","pubTime":"2026-01-25 14:33","market":"us","language":"zh","title":"苹果 Siri 升级路线图曝光：iOS 27 变身完整聊天机器人，但不会独立成应用","url":"https://stock-news.laohu8.com/highlight/detail?id=2606225984","media":"IT之家","summary":"据报道，苹果计划在未来一年内对 Siri 进行两次重大升级：首先在 iOS 26.4 中加入个性化功能，随后在 iOS 27 内将 Siri 彻底转变为完整的聊天机器人。不出意外的话，我们最快将在今年 6 月 WWDC 开发者大会结束后看到 Siri 聊天机器人登场。根据现有传闻，升级后的 Siri 将具备上述所有能力，并像其他公司的聊天机器人一样运作。","content":"<html><body><article><p>IT之家 1 月 25 日消息，科技媒体 MacRumors 前天发布博文，对<a href=\"https://laohu8.com/S/AAPL\">苹果</a> Siri 语音助手今年升级进行前瞻。</p><p>据报道，苹果计划在未来一年内对 Siri 进行两次重大升级：首先在 iOS 26.4 中加入个性化功能，随后在 iOS 27 内将 Siri 彻底转变为完整的聊天机器人。不出意外的话，<strong>我们最快将在今年 6 月 WWDC 开发者大会结束后看到 Siri 聊天机器人登场</strong>。</p><img src=\"https://fid-75186.picgzc.qpic.cn/20260125143528148d206eacj0ebduwz\"/><p>同时，苹果将在 iOS 27 中彻底改变 Siri 的工作方式。目前 Siri 只能回答基础问题、完成简单任务，无法进行来回对话，也难以处理多步骤任务或复杂问题。</p><p>根据现有传闻，升级后的 Siri 将具备上述所有能力，<strong>并像其他公司的聊天机器人一样运作</strong>。</p><p>苹果最初并未计划推出类似 ChatGPT / Claude、供用户直接互动的完整聊天机器人，但随着这种应用越来越流行，为了保持竞争力，苹果最终决定为 Siri 引入类似功能。</p><p>彭博社记者马克 · 古尔曼曾透露，Siri 聊天机器人将“深度嵌入”到苹果各个产品，它不会成为独立应用，而是会和现在一样直接集成到 iOS、iPadOS 和 macOS 系统里，<strong>唤醒方式也将保持不变</strong>，支持语音输入和文字输入。</p><p>不过我们目前还无法得知新版 Siri 到底长什么样，假如苹果要让 Siri 追平 OpenAI、Anthropic 同类产品的话，那 Siri 的外观和交互方式必须要大幅调整。毕竟现在用户已经习惯打开某个应用，然后看到带对话历史记录的完整文本界面，但如果 Siri 不会变成独立 App 的话，那苹果如何提供这些功能仍是未知数。</p><p>升级后的 Siri 预计将具备主流 AI 聊天机器人功能，可以做以下事情：</p><p>搜索互联网信息</p><p>生成图片</p><p>生成文本内容</p><p>总结信息</p><p>分析上传的文件</p><p>使用个人数据完成任务</p><p>读取并理解邮件、信息、文件等内容</p><p>分析当前屏幕内容并采取行动</p><p>控制设备功能和系统设置</p><p>取代聚焦搜索（IT之家注：Spotlight），检索本地内容</p><p>深度集成至邮件、信息、Apple TV、Xcode、照片等第一方应用</p><p>从 iOS 26.4 开始，苹果将推出基于大语言模型的 Siri，<strong>该版本的语音助手从 iOS 18 时代立项</strong>，但由于 Siri 底层架构必须重构才能支持大语言模型，所以进度有所推迟。</p><p>据悉，iOS 26.4 系统的 Siri 具备个人上下文理解功能，<strong>能够理解并追踪用户邮件、信息、文件、照片等</strong>，<strong>还能够实现连续对话、识别屏幕内容并执行操作</strong>，但它仍然不是完整的聊天机器人。</p></article></body></html>","source":"tencent","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>苹果 Siri 升级路线图曝光：iOS 27 变身完整聊天机器人，但不会独立成应用</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n苹果 Siri 升级路线图曝光：iOS 27 变身完整聊天机器人，但不会独立成应用\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-01-25 14:33 北京时间&nbsp;&nbsp;&nbsp;<a href=http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN20260125143530a6a9d473&s=b><strong>IT之家</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>IT之家 1 月 25 日消息，科技媒体 MacRumors 前天发布博文，对苹果 Siri 语音助手今年升级进行前瞻。据报道，苹果计划在未来一年内对 Siri 进行两次重大升级：首先在 iOS 26.4 中加入个性化功能，随后在 iOS 27 内将 Siri 彻底转变为完整的聊天机器人。不出意外的话，我们最快将在今年 6 月 WWDC 开发者大会结束后看到 Siri 聊天机器人登场。同时，苹果将...</p>\n\n<a href=\"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN20260125143530a6a9d473&s=b\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LU1232071149.USD":"AZ FUND 1 GLOBAL GROWTH SELECTOR \"AAZ\" (USDHDG) ACC","LU2236285917.USD":"ALLIANZ GLOBAL INCOME \"AMG\" (USD) INC","SG9999014567.USD":"UOB UNITED INCOME FOCUS TRUST FUND (USD) ACC","LU1496350502.SGD":"FRANKLIN DIVERSIFIED DYNAMIC \"A\" (SGDHDG) ACC","LU2237443465.HKD":"abrdn SICAV I -  GLOBAL DYNAMIC DIVIDEND \"A\" (HKD) INC","LU1674673691.USD":"HSBC GIF GLOBAL LOWER CARBON EQUITY 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中彻底改变 Siri 的工作方式。目前 Siri 只能回答基础问题、完成简单任务，无法进行来回对话，也难以处理多步骤任务或复杂问题。根据现有传闻，升级后的 Siri 将具备上述所有能力，并像其他公司的聊天机器人一样运作。苹果最初并未计划推出类似 ChatGPT / Claude、供用户直接互动的完整聊天机器人，但随着这种应用越来越流行，为了保持竞争力，苹果最终决定为 Siri 引入类似功能。彭博社记者马克 · 古尔曼曾透露，Siri 聊天机器人将“深度嵌入”到苹果各个产品，它不会成为独立应用，而是会和现在一样直接集成到 iOS、iPadOS 和 macOS 系统里，唤醒方式也将保持不变，支持语音输入和文字输入。不过我们目前还无法得知新版 Siri 到底长什么样，假如苹果要让 Siri 追平 OpenAI、Anthropic 同类产品的话，那 Siri 的外观和交互方式必须要大幅调整。毕竟现在用户已经习惯打开某个应用，然后看到带对话历史记录的完整文本界面，但如果 Siri 不会变成独立 App 的话，那苹果如何提供这些功能仍是未知数。升级后的 Siri 预计将具备主流 AI 聊天机器人功能，可以做以下事情：搜索互联网信息生成图片生成文本内容总结信息分析上传的文件使用个人数据完成任务读取并理解邮件、信息、文件等内容分析当前屏幕内容并采取行动控制设备功能和系统设置取代聚焦搜索（IT之家注：Spotlight），检索本地内容深度集成至邮件、信息、Apple TV、Xcode、照片等第一方应用从 iOS 26.4 开始，苹果将推出基于大语言模型的 Siri，该版本的语音助手从 iOS 18 时代立项，但由于 Siri 底层架构必须重构才能支持大语言模型，所以进度有所推迟。据悉，iOS 26.4 系统的 Siri 具备个人上下文理解功能，能够理解并追踪用户邮件、信息、文件、照片等，还能够实现连续对话、识别屏幕内容并执行操作，但它仍然不是完整的聊天机器人。","news_type":1,"symbols_score_info":{"AAPL":1.96,"MACW.SI":0.6}},"isVote":1,"tweetType":1,"viewCount":939,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3544408964429930","authorId":"3544408964429930","name":"Ethan_3856","avatar":"https://static.tigerbbs.com/cfafd6e35a7cad14a9839dcf58aaae73","crmLevel":1,"crmLevelSwitch":0,"authorIdStr":"3544408964429930","idStr":"3544408964429930"},"content":"你至少需要有个平台使用ai吧，除了苹果还有哪些设备体验会更好？","text":"你至少需要有个平台使用ai吧，除了苹果还有哪些设备体验会更好？","html":"你至少需要有个平台使用ai吧，除了苹果还有哪些设备体验会更好？"}],"imageCount":0,"langContent":"CN","totalScore":0},{"id":484025716314552,"gmtCreate":1759199222095,"gmtModify":1759199223932,"author":{"id":"3537417120281286","authorId":"3537417120281286","name":"好东西要一直拿着","avatar":"https://static.tigerbbs.com/ed03e24159cdfb1a1cc9e0eb75d70106","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3537417120281286","idStr":"3537417120281286"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/01810\">$小米集团-W(01810)$&nbsp;</a> 今天不会还要跌吧？","listText":"<a href=\"https://laohu8.com/S/01810\">$小米集团-W(01810)$&nbsp;</a> 今天不会还要跌吧？","text":"$小米集团-W(01810)$ 今天不会还要跌吧？","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/484025716314552","isVote":1,"tweetType":1,"viewCount":1424,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":521326491554008,"gmtCreate":1768316974117,"gmtModify":1768318255635,"author":{"id":"3537417120281286","authorId":"3537417120281286","name":"好东西要一直拿着","avatar":"https://static.tigerbbs.com/ed03e24159cdfb1a1cc9e0eb75d70106","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3537417120281286","idStr":"3537417120281286"},"themes":[],"htmlText":"Replying to <a href=\"https://laohu8.com/U/3490802453801032\">@石一</a>:你该不会2025都没挣到钱吧？//<a href=\"https://laohu8.com/U/3490802453801032\">@石一</a>:涨个嘚，美股垃圾","listText":"Replying to <a href=\"https://laohu8.com/U/3490802453801032\">@石一</a>:你该不会2025都没挣到钱吧？//<a href=\"https://laohu8.com/U/3490802453801032\">@石一</a>:涨个嘚，美股垃圾","text":"Replying to @石一:你该不会2025都没挣到钱吧？//@石一:涨个嘚，美股垃圾","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/521326491554008","isVote":1,"tweetType":1,"viewCount":715,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0}],"lives":[]}