巴克莱-中国科技：森林报告-2025年三季报版：电子与汽车以旧换新补贴和税收优惠开始同比回落，增长面临阻力初现（英）8

报告摘要

The Forest Report - 3Q25 Edition Early signs for headwinds ahead as electronics and auto trade-in subsidies and tax incentives have started to lap; AI

核心要点

8 December 2025

报告信息

文件全名: 《巴克莱-中国科技：森林报告-2025年三季报版：电子与汽车以旧换新补贴和税收优惠开始同比回落，增长面临阻力初现（英）8-16页.pdf》
适合读者: 战略规划行业研究员
核心数据: engines: BABA (OW) sustained solid growth momentum with CMR up 10% yoy in Sep-Q, but we
or re-introduced 0.6% of GMV platform fees in early Sep 2024. Stabilizing/gaining market share
lapping effect of trade-in benefits is more pronounced at JD (OW), seeing only 5% yoy growth in
elec. & appliances, down from teens to over 20% yoy growth in the previous three quarters, and
(mostly home appliances) growth slowed to 6% yoy, down from 45% to 59% yoy growth in the
核心议题: 汽车

常见问题

《巴克莱-中国科技：森林报告-2025年三季报版：电子与汽车以旧换新补贴和税收优惠开始同比回落，增长面临阻力初现（英）8》主要包含哪些内容?

The Forest Report - 3Q25 Edition Early signs for headwinds ahead as electronics and auto trade-in subsidies and tax incentives have started to lap; AI核心数据:engines: BABA (OW) sustained solid growth momentum with CMR up 10% yoy in Sep-Q, but we;or re-introduced 0.6% of GMV platform fees in early Sep 2024. Stabilizing/gaining market share;lapping effect of trade-in benefits is more pronounced at JD (OW), seeing only 5% yoy growth in。

这份报告覆盖哪一年、篇幅多大?

覆盖 2025 年,全文约 16。

这份报告是免费的吗?如何获取?

本报告免费查阅,登录资料宝后即可在线获取完整内容。

这份报告适合哪些读者?

适合战略规划、行业研究员等读者参考。

报告涉及哪些关键议题?

重点分析了汽车等议题。