小鵬汽車-W(09868.HK)預計將於週一公佈第二季度業績。據Visible Alpha對分析師的調查，小鵬汽車第二季度淨虧損預計擴大至7.186億元人民幣（約合1.069億美元），上年同期淨虧損爲4.778億元人民幣。第二季度營收將同比增長13%至206.9億元人民幣。花旗分析師預計，公司第二季度整車毛利率爲12.5%，高於第一季度的12.1%，但低於上年同期的14.3%；第三季度交付量指引可能爲13萬輛，低於市場一致預期的15萬輛，原因可能是公司需要一定時間提升新款L03 SUV的產能；可以關注小鵬汽車能否在不明顯擠壓M03轎車銷量的情況下，快速提升L03的產量。出口方面，花旗預計第四季度出口銷量可能佔公司總交付量的約20%，高於第三季度預計的約10%；關注小鵬能否加快海外市場佈局，同時維持較高毛利率的銷量。

Shanghai issued its 15th Five-Year Plan to accelerate new industrialization and build a modern industrial system. The plan calls for rapidly expanding intelligent computing capacity: develop high-performance, low-power, efficient AI chips; strengthen cluster networking and cloud services; and explore heterogeneous computing, optical computing and quantum AI architectures. It directs optimisation of computing infrastructure and construction of an urban compute network. The plan prioritises next‑generation large-model R&D—targeting architecture design and training optimisation—and promotes coordinated development of chips, large models and compute-cloud to build an indigenous ecosystem. It also accelerates embodied-intelligence technology maturation and a full-chain layout for intelligent robotics, improving key components and pushing real-world deployment across industrial manufacturing, logistics and assembly, retail, healthcare and domestic services.

A股CPO概念午後持續下挫，中際旭創跌近10%，天孚通信跌超11%，新易盛、太辰光、中瓷電子、長光華芯、東山精密均跌超6%。