Kia EV5 is deeply rooted in the hearts of the people and started at 149,800.

As long as you are not Fujiwara Takumi, in fact, most of the vehicle power is enough for your daily use. As a compact suv, there are many highlights. Let’s take a look at it together.

Let’s take a look at the appearance of KIA EV5. The front style of KIA EV5 is very elegant and looks very full. Combined with the headlights, it looks very sporty as a whole. The car is equipped with LED daytime running lights, automatic opening and closing, adaptive far and near light, delayed closing and so on. Coming to the side of the car body, the size of the car body is 4615MM*1875MM*1715MM. The car adopts simplified lines, and the side circumference looks very fashionable and simple. With large-sized thick-walled tires, smooth lines run through the whole car side. Looking back, the rear of the car looks very capable, the taillights look very avant-garde, and the whole looks very delicate.

When I came into the car, the interior style was very sporty, which was very in line with the tastes of young consumers. The steering wheel of the car is very in line with the interior style, and it is made of imitation leather, which is full of design. Let’s take a look at the central control panel, which is decorated with a 5-inch central control panel, making the interior design quite layered and in line with the mainstream aesthetics. Let’s take a look at the dashboard and seats again. The car is equipped with a stable dashboard, which highlights the trendy temperament. The car adopts imitation leather seats, and the seat wrapping is in place, and the overall comfort and wrapping are not bad.

Kia EV5 is 160KW, with a total torque of 310N.m and a maximum speed of 185 km/h..

The conventional space performance of KIA EV5 trunk is quite satisfactory, and there is no problem in daily use. In addition, the car is equipped with fatigue warning, anti-lock braking (ABS), LED daytime running lights, brake assist (EBA/BAS, etc.), brake force distribution (EBD) main driver airbag, co-pilot airbag, side airbag curtain, front side airbag and other safety configurations.

This car performs well in terms of space and configuration. As for the design, everyone has everyone’s aesthetics. You can learn more about what you like!

FAW Toyota Crown Lu Fang is "worth seeing" with surprises everywhere.

I’ll bring this one to you today. Not much to say, let’s take a look.

First of all, from the appearance, the front face of Crown Lu Fang looks more fashionable and elegant. At the same time, the headlight presents a sharp design style, and the design looks very soft. The car is equipped with LED daytime running lights, front fog lights, automatic opening and closing, adaptive far and near light and so on. Coming to the side of the car body, the size of the car body is 5015MM*1930MM*1750MM. The car uses sharp lines, which gives people a very elegant feeling. With large-sized thick-walled tires, the shape is eye-catching. In the rear part, the rear looks sporty, the taillights are very deep, and the whole looks very simple.

Coming to the Crown Lu Fang car, the interior looks very avant-garde and the overall shape is remarkable. The car looks very good outside the steering wheel, equipped with the functions of manual steering wheel up and down+front and rear adjustment, steering wheel heating and so on, and the grip performance is good. Let’s take a look at the central control, decorated with a 12.3-inch central control screen, which makes the interior design quite layered and looks quite fashionable and simple. Finally, let’s look at the dashboard and seats. The dashboard of this car presents an exquisite design style, giving people a very clean feeling. The car adopts imitation leather seats, which are wrapped in place and have good overall comfort.

Crown Lu Fang is equipped with car networking, driving mode selection, remote control keys, Bluetooth keys, rear wipers, interior atmosphere lights and other configurations, which can be said to be quite satisfactory.

After reading the above introduction, let’s make a summary. Many people buy SUVs because of their stronger passability. The car is practical and fully equipped, and it is a good helper for home travel.

Chang ‘an Auchan A600 Chang ‘an Kai Cheng You Yi Hard Goods

With the progress of social civilization, we can see that many high-tech technologies have been applied to mass-produced vehicles, and the driving experience of consumers has been improved, which is highly playable. I don’t know if you know anything about what is introduced today. Next, let’s take a look with Xiaobian.

First look at the appearance of Changan Auchan A600. The front face of Changan Auchan A600 presents a sharp design style, which is very recognizable. Coupled with exquisite headlights, it adds a bit of exquisiteness. The car is equipped with front fog lights, delayed closing and so on. Coming to the side of the car body, the size of the car body is 4475 mm * 1725 mm * 1685 mm. The car adopts simple and generous lines, and the car body looks very stable. With large-sized thick-walled tires, the shape is eye-catching. Looking back, the tail line of Changan Auchan A600 is avant-garde, the taillights are very conspicuous, and the unique exhaust pipe looks very sharp as a whole.

When I got into the car, the interior modeling took a fashionable and dynamic route, and the visual effect was very good. The steering wheel of the car is very in line with the interior style, made of plastic material, and the visual effect is good. Take a look at the central control. The center console is made of plastic, which makes the interior design quite layered and looks very spiritual. The dashboard and seats are equally eye-catching. The dashboard of the car presents a delicate design style, and the trendy design elements make people remember it at a glance. The car uses a fabric seat, which is wrapped in place and very comfortable to ride.

Changan Auchan A600 is matched with a manual (MT) gearbox, with a maximum power of 79KW and a maximum torque of 145N.m, and its power performance is good.

Changan Auchan A600 trunk has excellent overall performance and regular shape, which is convenient for people to take their luggage. In addition, the car is equipped with anti-lock braking system (ABS), braking force distribution (EBD), front fog lamp main driver airbag and other safety configurations.

OK! Next, let’s sum up. The Changan Auchan A600 introduced today is not only eye-catching in space, but also has reached the mainstream level in various configurations, and there is nothing to be picky about driving experience and space experience.

2024 Beijing Auto Show | China Mobile builds a global car networking service operation system to help future travel.

  On April 25th, the 18th beijing international automotive exhibition was officially opened in China International Exhibition Center. China Mobile’s car networking boutique network, the whole ecology of people, cars and homes, and the integration of cars and Lu Yun appeared in this exhibition to share the core advantages and important achievements in the related fields of car networking.

2024 Beijing Auto Show | China Mobile builds a global car networking service operation system to help future travel.

  Extend the ability of boutique network and help motorcycle enterprises go to sea.

  With the maturity of domestic new energy vehicle technology and the improvement of industrial chain, China automobile industry has shown a strong growth momentum and broad market potential in going to sea, actively expanding the international market, and constantly enhancing global competitiveness and brand influence. According to the data of China Association of Automobile Manufacturers, in 2023, the automobile export volume increased by 57.9% year-on-year, ranking first in the world for the first time, among which 1.203 million new energy vehicles were exported, up by 77.6% year-on-year. As the standard of electric vehicles, networking service is gradually becoming an important trend of industry development.

  With the advancement of technology and the improvement of consumer demand, intelligent networked service not only enhances the functionality and user experience of electric vehicles, but also plays an increasingly important role in improving the intelligent level of vehicles, optimizing traffic management and promoting the construction of smart cities. It is reported that the "Connection+Computing Power+Capability" OneTraffic products and solutions created by China Mobile have provided services to almost all mainstream car companies in China, with nearly 60 million networked vehicles connected.

2024 Beijing Auto Show | China Mobile builds a global car networking service operation system to help future travel.

  Under the background of China car companies going out to sea, China Mobile is also expanding its rich experience and excellent services in the domestic market overseas with the help of its global partner network, providing car companies with a comprehensive One Traffic solution supporting all-wide area connection management and application services, fully empowering China car companies and helping them to provide excellent travel experience for overseas users. The global car networking service operation system built by China Mobile provides bright services from MNO privatization deployment, global cloud service portal to OEM background management, and has achieved business landing in many car companies.

  Ecological Integration, Building the Product System of China Mobile Car Home

  Ecological integration is an important part of China Mobile’s toV strategy. Through the global user scale foundation and high-quality customer service experience, the intelligent ecosystem is integrated to build the product system of China Mobile’s people and cars. "Man-Car Home" is a brand-new business model created by China Mobile relying on its own powerful network resources, user operation ability and technological innovation ability, combined with the needs of users and car companies, based on car networking, and through the scene fusion of mobile terminal, car terminal and home terminal, providing car networking information services for car companies and car owners.

  Focusing on the applications and rights required by car owners, China Mobile has built a rich ecosystem of people, cars and homes, including cooperation ecology from industry partners and self-owned product ecology, which brings together rich categories such as audio, video, travel and children’s education. In terms of cooperative ecology, it has gathered head resources such as Ai Youteng and many long tail resources. In terms of its own ecology, Mobile provides independent APPlications such as Mi Gu video, migu music, Mi Gu fast tour (games), Mi Gu love singing (karaoke), mobile and family (family control), mobile cloud disk, and the super app aggregation application for people and cars launched at this auto show. In terms of eco-boarding, the mobile boarding solution has many competitive advantages. First of all, it is rich in resources. At present, it has gathered 50+ applications and 1000+ rights and interests, and it is constantly increasing; Secondly, provide a variety of flexible ways of cooperation, including connection+rights, connection+application, connection+application+rights; Finally, in cooperation with China Mobile, it not only realizes the application ecology required for one-time car allocation, but also provides a continuous operation scheme based on the advantage of nearly 1 billion users of China Mobile.

2024 Beijing Auto Show | China Mobile builds a global car networking service operation system to help future travel.

  China Mobile’s car-owner business has provided operation services for over 20 car companies and over 12 million car owners. Through cooperative operation, we can provide users with one-stop intelligent life service, and at the same time fully empower car companies, so that car companies can maximize the service of intelligent vehicles.

  Intelligent upgrade to help future travel services

  With the continuous innovation investment of car companies in the field of intelligent networking, various "cool" applications and services emerge in an endless stream. These novel services have aroused widespread praise from car owners, and the enthusiasm of consumers has pushed up the willingness of car companies to embrace "Internet genes" and accelerated the vehicles to a new highland of intelligence. The increase in the popularity of networked vehicles, the development of intelligent networked technology and the increase in large-scale applications have also put forward new demands for infrastructure such as cloud, network and roadside.

2024 Beijing Auto Show | China Mobile builds a global car networking service operation system to help future travel.

  China Mobile actively responded to the requirements of the country to carry out the pilot application of intelligent networked vehicles in Lu Yun, promoted the industrialization development of intelligent networked vehicles, and promoted the integration construction of vehicles and Lu Yun. As the world’s largest operator, China Mobile relies on the world’s largest mobile communication network and powerful information service capabilities to create vehicle-road collaborative solutions for large traffic areas, and relies on BASIC6(Big Data, AI, Security, Integration Platform, Computility Network, 6G) capabilities. Build three networks (mobile communication network, high-precision positioning network, C-V2X network), take intelligent transportation platform OneTraffic as the base, and build N scene applications, such as intelligent networking demonstration zone, intelligent high-speed, intelligent public transport, 5G networked unmanned vehicle, low-speed networked remote driving, etc., aiming at promoting China Mobile’s breakthrough in key technical fields through scientific and technological innovation, promoting the deep integration of digital economy and real economy, and helping industry customers to realize digital intelligent transformation and realize.

  As the intersection of transportation power, network power and new energy strategy, the Internet of Vehicles has always been an important part of national strategic development. China Mobile has continuously cultivated and innovated in the field of car networking, and constantly promoted the high-quality development of the industry. (Yongwen)

BMW X4 M in Ningbo is on sale! The discount is 253,900 yuan, this time only.

[car home Ningbo Preferential Promotion Channel] Now, preferential activities are being carried out in Ningbo, with the highest preferential amount reaching 253,900 yuan and the lowest starting price being only 686,000 yuan. If you are looking for an SUV with excellent performance, you may wish to take this opportunity to click "Check the car price" in the quotation form and strive for higher discounts.

宁波地区宝马X4

The exterior design of BMW X4 M shows a strong sportsmanship. The front face adopts a more dynamic kidney-shaped air intake grille, with sharp headlights and exaggerated front bumper, the whole front face looks very aggressive. The body lines are smooth and muscular, with 21-inch wheels and high-performance braking system, which shows the sports gene of BMW X4 M. The overall style is unique and full of strength.

宁波地区宝马X4

The BMW X4 M has a body size of 4767 * 1927 * 1633mm and a wheelbase of 2864mm. The lines on the side of the car are smooth and full of strength, outlining a sporty and elegant outline. Equipped with 21-inch wheels with 255/40 R21 front tires and 265/40 R21 rear tires, it further demonstrates its excellent sports performance and unique style.

宁波地区宝马X4

The interior design of BMW X4 M is full of sports atmosphere. The center console adopts a 12.3-inch floating central control screen, which supports the voice recognition control of multimedia system, navigation and telephone. The steering wheel is made of leather, which can be manually adjusted up and down and back and forth for a comfortable driving experience. The car is equipped with multiple USB and Type-C interfaces, two in the front row and two in the back row, to meet the charging requirements of modern technology equipment. The seat is made of leather and leather /Alcantara. The main and auxiliary seats support heating and ventilation functions, and provide a variety of adjustment options, including front and rear adjustment, backrest adjustment, height adjustment, leg rest adjustment and lumbar support. The driver’s seat is also equipped with an electric seat memory function to enhance the personalized driving experience. The second row of seats has backrest adjustment function, and the rear seats can be laid down in proportion to provide more storage space.

宁波地区宝马X4

BMW X4 M is equipped with a 3.0T engine, which can output 510 horsepower, with a maximum power of 375kW and a maximum torque of 650 N m.. With the 8-speed automatic manual transmission, it brings excellent driving experience to drivers.

Car home car owners are satisfied with the overall evaluation of BMW X4 M, and he mentioned several minor shortcomings, including Harman’s general sound effect and the influence of GPF. Nevertheless, he believes that these shortcomings do not affect the overall performance of the vehicle, especially the low-key design of Brooklyn Gray in dark environment, although the lights need to be adjusted more sensitively to avoid accidents. On the whole, car home owner @ Yuanguan thinks this car has its flaws.

Behind the MONA M03 explosion in Tucki: the only intelligent driving complete body in the 150,000 class.

Click on "above"Brother Dao said the car"attention

This is the 4588th original first article 2k+

Pay attention to Daoge’s car ID: daogeshuoche

Written by: Zhang Hang

Reviewer: Kan Erjie

Editor: Xiao Xiao

Consumption is related to you, me and him, pay attention to the financial circle agency and Daoge’s car WeChat official account, click "Service" and choose "Watch Complaints" to submit your consumer rights dispute (https://www.caijingkandian.com/kandiantousu); You can also scan the QR code at the end of the article to pay attention, and the administrator will pull you into the group. The seats are limited, so pay attention as soon as possible.

[Text/Financial Circle Society & Dao Ge said Che Zhanghang] In the short video footage, Wang Fengying drank the first glass of wine in his life, He Xiaopeng personally distributed afternoon tea to his colleagues in the company, and Tucki Company also showed a rare smile in recent years. All this is due to the explosion of orders for its new product MONA M03. Before M03 went public, Tucki was in a precarious state, with sales in the first half of the year only one-fifth of the target at the beginning of the year.

This time, the cumulative order of MONA M03 was broken by 60,000 yuan, which injected a shot in the arm to Tucki Company. Why did MONA M03 become an "explosion"?

Back to the product itself, M03 is positioned as a family car with a class of 100,000-150,000, which is undoubtedly the Red Sea market with the fiercest fighting and the largest volume. Everyone says that Tucki is the most maverick among the new forces, and this attribute once made Tucki take a detour. But this time, based on the accurate judgment of the market and users, M03 explored the gap in this Red Sea market with maverick. This paper will also try to compare M03 with Yuan PLUS, AION S MAX and Volkswagen ID3, which are representative in sales and popularity, to explain the so-called "maverick" of M03.

Breakthrough of 0: 150,000-level only intelligent driving complete body

According to the data, before M03 came into the market, there were no models with high-level intelligent driving in 100,000-150,000 passenger cars in China. The M03 is precisely aware of this gap. With the foundation of intelligent driving and cost control settled in Tucki for many years, the top-mounted M03 model with a price of only 155,800 yuan is equipped with NVIDIA OrinX chips and many radars. These configurations together help the M03 reach the full-scale intelligent driving level-—XNGP.

On the other hand, many competitors of around 150,000, namely Yuan PLUS, AION S MAX and Volkswagen ID3, still only have the most basic LCC and ACC functions, and this basic intelligent driving is already standard on the low-priced M03 with a starting price of 119,800, not to mention that the M03 also comes standard with full-scene automatic parking.

Even in the comparison of basic intelligent driving, Tucki, as a pioneer of intelligent driving in China, is better in terms of functional perfection and safety. The unique level of intellectual driving at the same level is M03′ s first trump card, and Tucki’s technical accumulation for many years has also gained the greatest value at this moment.

Pursuit of returning to the essence of trams: long battery life and low energy consumption

As mentioned above, M03 has entered the 100,000-class family car market with the largest number of automobile consumers, and the main function of this type of car is to provide a safe and stable travel experience for the whole family. Therefore, for this kind of consumers, the most critical and important factors when choosing trams are cruising range and energy consumption performance.

It is also compared with the three models mentioned above, namely Yuan PLUS, AION S MAX and Volkswagen ID3. Surprisingly, according to CLTC’s endurance data, the endurance performance of M03 with low profile is equal to or even better than those with high profile of these models.

Coupled with Tucki’s undoubted power consumption control ability, I believe the actual endurance performance of M03 must be better than most competitors. It can be seen that although M03 intruded into the Red Sea, as long as it has made a higher level in the pain points and points that users are most concerned about-battery life and power consumption, it is actually a natural thing to get consumer recognition.

Extra points: ingenious car performance

For Tucki, what you never have to look forward to and will never be disappointed is its car performance, because it has always been the first echelon. Although the chip M03 is 8155P instead of 8295, on the other hand, the car chips carried by Yuan PLUS, AION S MAX and Volkswagen ID3 with the same price are even more backward.

Moreover, the experience of any vehicle system depends on the cooperation between hardware and software. Tucki has been deeply involved in the field of intelligent car machines for many years. Thanks to the advantages of software and hardware, the performance of M03 car machines is absolutely impeccable in the same level. Whether it is the animation fluency, operability of the system or the whole scene voice system, it is a performance of leapfrog.

Unique chassis and appearance? Controversial!

The chassis of M03 is one of the few controversial parts. At the same price, most models are equipped with rear independent suspension, while M03 still adopts the traditional torsion beam form.

Of course, this can be understood as Tucki’s consideration of cost allocation in order to reinforce in other aspects. Moreover, the torsion beam can also achieve a good driving sense and get better rear space through training. But what is puzzling is that M03 puts all the advantages of torsion beam in the trunk.

As a result, M03′ s trunk space is excellent under the combination of torsion beam and hatchback, but the head space of the rear passengers is stretched, which may mean putting the cart before the horse.

Secondly, M03 still carries out the design concept of Tucki’s "Space Star Ship", which was controversial in locating the X9 of MPV.

However, because the positioning of M03 is obviously closer to young consumers, and they are more receptive to new things, the response of this appearance is not so great, but there are still some discussions. As for whether it is ugly or handsome, it is entirely up to consumers to judge.

M03′ s successful summary: uncharacteristic and cost-effective!

Although M03 is controversial in chassis and appearance, it has not affected its sales. The reason is that Tucki really learned to use the user’s thinking to build a car, and realized the product strength by solving the user’s pain points and key points.

In the past, everyone thought that 150,000-class trams were not fully driven physically and intellectually, but Tucki achieved a breakthrough of 0 through technology accumulation and cost control, which was abnormal.

In the past, people didn’t dare to expect the 150,000-class trams to have battery life and smart cars. Tucki still impressed everyone with the battery life and car performance of M03 through technology accumulation and cost control, which is really cost-effective.

Which configuration is worth buying? Push hard and match in the middle!

M03 debuted with cost performance, and the most worth buying is the 129,800 mid-range model. Compared with the low-profile models, there are only 10,000 pieces more, but you can get a permanent magnet synchronous flat-wire motor with a real life increase of 100 kilometers and an upgrade, as well as two main practical configurations: ventilation and heating of front seats and ambient lights.

As for the main difference between the top version and the middle version, it is basically the intelligent driving configuration. As mentioned above, the top version is the complete XNGP, but the middle and low version is also equipped with easy-to-use LCC, ACC and full-scene intelligent parking functions. It may not be the just need of M03 target consumers to get a complete intelligent driving with an extra 26,000 yuan. The official data of Tucki also confirms this view, and 80% of users have purchased the Chinese version.

Pay attention to "Brother Dao talks about car WeChat official account", automatically pop up the editing micro-signal, and add his micro-message "Brother Dao fans".

Huawei MatePad 10.4 2022 was released overseas, and HarmonyOS 2.0 was pre-installed.

screen

10.4" LCD screen
2000 x 1200

measure

154.96 x 245.2 x 7.35mm
450 grams

processor

Qilin 710A

memory

4GB

save

64 /128 GB
MicroSD expands 512 GB

Front lens

8MP f/2.4

postposition

13MP f/1.8

battery

7250mAh
22.5W fast charge

system

HarmonyOS 2.0

expand

LTE
Wi-Fi AC
Bluetooth 5.1
USB-C

other

Four horns
HUAWEI M-Pencil

4+64 GB

279 euros (about 1983.69 yuan)

4+128GB 319 euros (about 2268.09 yuan) 4+128 GB with smart keyboard 379 euros (about 2694.69 yuan)

Everbright Futures: Vegetable oil belt collapses, pay attention to the support below.

Recently, the import prospect of rapeseed in Canada may improve, and the supply of vegetable oil is worried about the expected decline. On Tuesday, the price of vegetable oil retreated before part of the increase, and the downward trend continued on Wednesday, driving the oil sector to fall collectively. Palm oil and soybean oil both fell more than 4% in intraday trading.

From a macro point of view, after Trump won the election, the US dollar index continued to strengthen, international commodities generally fell, and the rise of oil and fat trees in the forest attracted financial attention. With the palm oil price breaking through the 10,000-yuan mark, thanks to the fear of heights, today’s bulls have obviously reduced their positions, and they are temporarily treated as technical adjustments. In the follow-up, we need to pay attention to the sustainability of long-term lightening and whether there are short-term funds entering the market. Fundamentally speaking, at present, horse palm oil has entered the seasonal production reduction season, and the quotation of palm oil in the producing area is still relatively firm. The domestic palm oil import cost has exceeded 11,000 yuan, the cost support is still strong, and the probability of a big drop is low. However, the domestic rapeseed oil inventory is at a high level, and the current supply is loose. If Canadian rapeseed is successfully imported to Hong Kong in the future, the supply of rapeseed oil is likely to be sufficient at the time of contract delivery. Based on this, the strong and weak differentiation between oils and fats may continue in the short term, and soybean oil and vegetable oil may weaken, and palm oil will still be treated as strong after the correction and stabilization.

Does JAC Ruifeng m3 belong to the van?

Welcome to car home, let’s deeply analyze JAC Ruifeng M3. It is positioned as a compact MPV, not a pure van. The manufacturer’s guide price range is between 59,800 yuan and 92,800 yuan, providing a rich choice of 20 models to meet the needs of different consumers.

In terms of seat configuration, JAC Ruifeng M3 provides a variety of options, including two, five, seven and nine seat versions, aiming at providing a comfortable ride experience.

Interestingly, although there are many configurations, unfortunately, all Ruifeng M3 models are equipped with manual gears, whether with or without gears. This is because Jianghuai Automobile, as an enterprise focusing on the production of commercial vehicles and passenger cars, pays attention to practicality and cost-effectiveness. Anhui Jianghuai Automobile Group, established in 1999, is not only a national innovative enterprise, one of the top 100 industrial enterprises in China, but also devoted to the research, development and sales service of vehicle powertrain.

江淮瑞风M3

Therefore, although Ruifeng M3 may not be a traditional van type, its existence provides consumers with more diversified MPV options. I hope this information will help you understand Ruifeng M3. If you have more questions about this model, please feel free to ask.

Brokers look forward to A-share investment in 2025: optimistic expectations become a consensus, and multiple tracks are "focused"

  Our reporter Zhou Shangxuan trainee reporter Yu Hong

  As the end of the year approaches, the capital market begins to focus on the investment layout in 2025. Major securities firms have released their annual investment strategies for 2025, in order to deeply analyze and predict the potential trends and investment opportunities in the A-share market next year for investors.

  In the annual strategy reports of major securities firms, the core views are numerous and varied, but the optimistic expectations for the A-share market in 2025 have become a consensus. For example, CITIC Securities takes "standing on the starting line" as the theme, CICC puts forward that "it has crossed the mountain", Huatai Securities emphasizes "domestic demand is the shield and manufacturing is the spear", CITIC Jiantou advocates "concentrating on innovation", Everbright Securities looks forward to "the policy is moving, and the bull market is on the way", while open source securities thinks that "the bull market has entered the second stage". On the whole, brokers generally believe that the A-share market will usher in a new round of profit upward cycle in 2025, and the market trend is improving.

  Standing at a new starting point in the upward direction

  Looking forward to 2025, all brokers are optimistic about the trend of A-shares in terms of macro level, policy side and valuation level.

  Standing at the starting point of the new cycle, the research team of CITIC Securities said that looking forward to 2025, A-shares are standing at the starting line of the annual "marathon market", and the stabilization of housing prices in core cities and the rebound of social financing growth will become the starting gun. The domestic credit cycle, macro prices and A-share earnings will all usher in a new starting point of the upward cycle, and the investment and financing ecology, investor ecology and product ecology of A-shares will also stand at a new starting point; ETF will become an important configuration tool, and excellent growth, domestic consumption, mergers and acquisitions will become three important tracks.

  Huang Wentao, chief economist of CITIC Jiantou, is also optimistic about the capital market trend in 2025. He said: "A shares are expected to continue to strengthen, long-term funds will enter the market in an orderly manner, and the policy of steady growth will be fully opened. A shares and Hong Kong stocks are still attractive to domestic and foreign investors. "

  "In 2025, the growth rate of A-share earnings will be restored to more than 10%. The continuous support of policies and the inflow of funds brought by the money-making effect are expected to further enhance the market valuation, and the performance of A-share index is still worth looking forward to." Zhang Yusheng, chief analyst of Everbright Securities Strategy, predicted.

  According to Li Lifeng, deputy director of Huaxi Securities Research Institute and chief analyst of strategy, the core driving force for the introduction of a series of incremental policies in this round lies in "financial activity and economic activity". In addition, there is still a lot of room for the downward trend of interest rates, which will help to improve the valuation of A shares. The subsequent stabilization of real estate will help A-share companies improve their profits. In 2025, A-shares will perform a round of "new quality cattle" market. It is suggested to grasp relevant investment opportunities and be optimistic about themes such as brokerage, AI+, low-altitude economy and humanoid robots.

  Generally optimistic about opportunities in areas such as mergers and acquisitions.

  For the coming year of 2025, how do investors grasp the investment style? What areas have layout opportunities? Brokerage analysts are generally optimistic about the growth style, while the configuration strategy is optimistic about mergers and acquisitions, domestic consumption and other tracks.

  From the perspective of investment style, Wang Yi, chief strategist of Huatai Securities Research Institute, said: "Under the benchmark situation, monetary easing is expected to increase in the first quarter of next year, and the micro-liquidity of the market is active, which is conducive to the performance of small-cap stocks. The dumbbell style of’ small-cap+dividend’ is expected to prevail. In the second half of 2025, with the stabilization of the inventory cycle, the environment of large-cap stocks has improved, and the style may switch to the growth of the broader market. "

  "It is expected that the market style will swing between balance and growth in 2025." Zhang Yusheng said that it is recommended to pay attention to two main lines: profit repair and high-risk preference varieties. The main line of profit repair focuses on the direction of domestic demand, such as food and beverage, medicine and biology, and social services. The main line of high-risk preference varieties focuses on high-beta industries (medicine, basic chemicals, nonferrous metals, etc.), high-profit expected industries (TMT, military industry, etc.) and theme investments (policy-supported themes, such as mergers and acquisitions, market value management; Science and technology topics, such as AI industrial chain and self-controllable).

  In terms of configuration strategy, Li Qiusuo, chief analyst of domestic strategy of CICC Research Department, said: "Track research and boom investment are expected to gradually return. It is suggested to pay attention to four main lines. First, the economic growth, the growth industries whose fundamentals are expected to usher in a turning point, or the fields that are supported by policies and catalyzed by AI industry trends, including lithium batteries, high-end manufacturing, semiconductors, etc. The second is resilient external demand, focusing on areas with relatively small potential impact and strong external demand resilience, such as power grids, commercial vehicles, household appliances, etc., as well as globally priced resource products. Third, the new dividend, combined with cash flow and dividend yield, pays attention to high dividend companies and pan-consumer fields such as food and beverage. The fourth is policy support, focusing on the impact of policies such as mergers and acquisitions and capital market reforms on related fields. "

  Judging from the three tracks that CITIC Securities’ research team suggested to pay attention to, one is the excellent growth, focusing on the autonomous and controllable main lines that are expected to be strengthened, such as the core supply chain and the "stuck neck" link represented by advanced semiconductor processes, equipment and materials; Pay attention to the investment opportunities for industrial upgrading brought about by the development of new quality productivity, such as AI terminals, smart cars and commercial aerospace. Second, domestic consumption. It is suggested that the allocation strategy in the consumption sector should be gradually advanced from both offensive and defensive to flexible varieties. It is suggested that the consumer Internet, dairy products, mass catering and other sectors with both offensive and defensive should be mainly allocated at present, and catering supply chains, alcohol and other industries that are expected to show flexibility should be gradually added. Third, mergers and acquisitions, focusing on the intra-industry mergers and acquisitions oriented to industry consolidation, becoming bigger and stronger, such as electronics, medical devices, auto parts and other fields; At the same time, it pays attention to cross-industry mergers and acquisitions oriented to developing new quality productivity and industrial upgrading.