Core Insights - Shenzhen Das Intelligent Co., Ltd. has partnered with TCL for a high-generation panel industry support project, providing comprehensive intelligent support based on its self-developed AIoT smart IoT management platform [1] - The project aims to create a new display industry cluster in Guangming District, covering approximately 490,000 square meters, including R&D and production facilities, a talent apartment, and commercial spaces [1] - The chairman of Das Intelligent highlighted that AI has entered a critical phase of evolution from the "digital world" to the "physical world," with the company's deep application of AI technology in smart office and park operations validating this industry trend [1] Group 1: AIoT Platform Capabilities - The AIoT platform includes over 50 standard object models for the construction industry, covering more than 95% of market device protocols, improving device access and management efficiency by over 50% [2] - In Das Intelligent's building, approximately 15,000 device points are connected, enabling unified management and a "one-screen overview" of the entire system [2] - The V7 version of the platform incorporates generative AI technology, allowing users to issue simple commands for automatic operation of related devices, enhancing management efficiency and user experience [2] Group 2: Efficiency and Sustainability - The platform integrates deeply into business scenarios, automating processes such as elevator dispatch after employee access and activating office air conditioning and lighting upon vehicle entry [3] - Property services include functions for repairs, parking, and suggestions, while the platform uses consumption data to drive operational decisions and optimize the commercial ecosystem of the park [3] - In carbon management, the platform applies discriminative AI technology for load forecasting and global optimization of the central air conditioning system, achieving over 25% energy savings in Das Intelligent's building, supporting green and low-carbon goals [3] Group 3: Visualization and Brand Empowerment - The AIoT platform's capabilities extend across various terminals, including IOC smart operation center screens, PCs, tablets, and mobile applications [4] - In key reception and business scenarios, the platform utilizes 2D/3D digital twin technology to present real-time operational status, floor distribution, and parking dynamics, aiding sales personnel in showcasing a modern corporate image [4] - As of the end of 2025, Das Intelligent's service coverage is projected to reach 63.1% among manufacturing listed companies with over 3,000 employees registered in Shenzhen, and 44.4% among listed companies with a market value exceeding 50 billion yuan nationwide [4]

高管致辞：聚焦工业AI关键，共绘智能化蓝图 近日，由招商证券主办的"相伴成长 共赢未来"走进上市公司深度调研系列活动，走进了全国工业AI龙 头——中控技术股份有限公司（简称"中控技术"，688777.SH）。作为从工业自动化率先迈向工业AI转 型的行业先锋，中控技术已在多个大型化工企业成功落地商业案例，展现出工业AI在实际生产场景中 的深度应用与价值创造。本次活动通过高管对话、业务分享、展厅参观与互动交流等形式，向投资者生 动呈现了中控技术在工业AI领域的突破性成果与创新实力，进一步彰显其在推动智能制造升级中的重 要角色。 据介绍，中控技术推出的全球首款通用控制系统（UCS）采用了颠覆性的架构，能将传统机柜空间缩减 90%，建设周期缩短50%。与此同时，公司自主研发的全球首个流程工业时间序列大模型（TPT），如 同工厂的"数字大脑"，能够精准地优化全厂运行。 深度互动：工业AI驱动增长，解码成长逻辑与全球布局 活动伊始，招商证券杭州天目山营业部总经理齐亚宁与中控技术董事长兼总裁崔山分别发表致辞。齐亚 宁表示，本次调研聚焦工业智能化前沿实践，期望引导投资者穿透表象、直抵企业核心价值，通过与管 理层的深度交流，助 ...

Core Insights - Yingbairui (Hangzhou) Biopharmaceutical Co., Ltd. successfully completed a nearly 200 million yuan Series B financing, led by Beijing Deep Intelligence Technology Co., Ltd. and supported by notable investors [1][2] - The financing reflects strong market recognition of Yingbairui's core technological capabilities and future development potential, providing robust support for its continued focus on innovative cell therapy [1][2] Financing Details - The Series B financing raised nearly 200 million yuan, which will facilitate Yingbairui's clinical research advancement, large-scale production capacity construction, and commercialization efforts [2] - Deep Intelligence, as the strategic lead investor, aims to leverage its AI-driven drug development advantages to enhance Yingbairui's new drug research decision-making and execution efficiency [2] Company Overview - Yingbairui is a leading company in the global NK cell therapy sector, focusing on cutting-edge tumor immunotherapy and innovative drug development for immune-related diseases, chronic diseases, and CNS diseases [2] - The company has developed a competitive product pipeline based on core technologies such as non-viral vectors and non-gene-modified ACC-NK and tiNK, with several core products already entering clinical stages [2] Future Outlook - The successful financing is expected to accelerate Yingbairui's commercialization process and address unmet clinical treatment needs by providing more safe and effective solutions [2] - With the effective utilization of the newly raised funds, Yingbairui will continue to deepen its focus on innovative cell therapy and core technological breakthroughs [2]

相比其在管的其他产品，富国数字经济混合基金可投资港股通标的，为组合构建提供更多科技特色企业 选择。罗擎表示，港股科技生态中互联网巨头的AI战略落地进展将成为影响其估值表现的关键因素。 政策与产业共振数字经济迎来布局窗口期 当前，数字经济正处于政策利好与产业演进的共振阶段。"人工智能+制造"专项行动持续推进，同时数 据要素市场化、数字基础设施等政策体系不断完善，为行业发展提供了清晰的长期指引。 随着"十四五"规划圆满收官，数字经济已成为我国经济增长的重要引擎。国家统计局数据显示，2024年 全国数字经济核心产业增加值占GDP比重达到10.5%，提前一年超额完成规划目标。近年来，半导体、 AI应用等关键科技领域发展强劲。截至2026年1月31日，万得半导体指数、国证AI应用指数近一年分别 上涨75.32%和28.68%，进一步验证了数字经济产业链的景气度。 在此背景下，拟由富国基金科技强将罗擎担纲的富国数字经济混合(A类：026642；C类：026643)自发 行以来认购踊跃，将于2月6日结束募集。 绩优基金经理罗擎掌舵，过往业绩彰显"高锐度"风格 罗擎作为富国基金科技投资方向的中坚力量，兼具"技术+金融"复合背 ...

事实上，作为全球领先的以锂为核心的新能源材料企业，天齐锂业早已实现锂资源100%自给自足，核 心资产涵盖澳洲格林布什锂辉石矿，布局智利SQM阿塔卡马盐湖等优质资源，成本优势显著，业绩弹 性突出。 当下，锂电行业回暖信号持续释放，全球锂市场正迎来供需格局重塑的关键转折。 券商研报指出，伴随锂电行业"反内卷"向纵深推进，产能向头部企业集中，高端产品结构性紧缺，势必 推动价格与盈利修复。与此同时，2026年全球储能出货增速将达35%以上，由此带动电芯及材料价格中 枢上行，锂盐价格有望继续向上突破。 在此行业景气度明朗向好的背景下，天齐锂业（002466）日前启动港股配股和零息可转债计划，合计融 资规模约60亿港币，旨在持续夯实核心能力。 具体而言，本次融资将用于支持公司及其子公司在锂领域的战略发展，包括项目开发及优化所需的资本 支出、对优质锂矿资产的收购，补充营运资金与一般企业用途。 2025年，公司预计业绩大幅改善，期间归母净利润预计3.69亿元至5.53亿元，较上年度扭亏为盈，核心 正是得益于公司锂矿定价周期优化与SQM投资收益的增长。 必须看到，核心锂矿产能控制是行业竞争的关键壁垒，融资支撑则是资源布局的核心 ...

Core Insights - Zhejiang Meida Industrial Co., Ltd. forecasts a net profit of 10 million to 15 million yuan for 2025, amidst severe challenges in the integrated stove industry [1] - The company is leveraging AI technology and a diversified ecosystem strategy to seek new growth engines in a sluggish market environment [1] Industry Overview - The overall demand in the integrated stove industry is slowing down due to a prolonged downturn in the real estate market and weakened consumer spending [1] - Integrated stoves are closely linked to new home renovations and old home upgrades, making them directly affected by fluctuations in the real estate market [1] Strategic Adjustments - In response to market changes, the company is actively restructuring its product offerings, focusing on a strategy centered around "scenario-based, integrated, and AI intelligent" solutions [1] - The company held an annual meeting in January 2026, themed "New Situation, New Model, New Development," which served as a strategic starting point for launching new products focused on "smart cooking, healthy kitchens, and integrated aesthetics" [1][2] Technological Advancements - The company has been investing in smart technology, launching a series of AI-integrated products since 2024, including a design software called "AI Meida Home" aimed at enhancing terminal sales [2] - In June 2025, the company invested approximately 110 million yuan in an autonomous driving technology company, acquiring about 4.87% of its shares [2] Alignment with National Policies - The company's strategic adjustments align with national policies promoting "large-scale equipment updates and consumer goods replacement," reflecting a shift from "incremental growth" to "structural optimization" in the kitchen appliance industry [2] - The integrated stove, being space-saving and energy-efficient, fits well within the trend of energy conservation and environmental protection [2] Market Position and Future Outlook - Despite external challenges leading to a temporary decline in revenue, the company maintains its leading position in the integrated stove sector and is exploring multi-channel marketing strategies to boost scale and profitability [3] - The kitchen appliance industry is undergoing a fundamental shift towards "smart" and "intelligent" products, with a vision for integrated smart kitchen solutions by 2030 [3] - The company is working to bridge the gap between the "smart ecosystem within the kitchen" and the "technological vision outside the kitchen" [3][4]

Core Viewpoint - Qifeng Precision Technology Co., Ltd. expects a net profit of 26 million to 32 million yuan in 2025, representing a year-on-year growth of 86.52% to 129.56%, driven by its successful transformation into high-end sectors such as aerospace and rail transit [1] Group 1: Company Transformation and Strategy - The company has successfully transitioned from traditional foreign trade exports to high-end fields, capitalizing on the significant market potential in aerospace and rail transit [1] - Qifeng Precision is recognized as a long-term player and innovator in the high-end fastener industry, which is essential for modern industrial systems [1] - The company has established a special task force for aerospace, focusing on the research and development of new materials and processes, and has applied for ASP special process certification [2] Group 2: Market Expansion and Financial Outlook - Qifeng Precision's market expansion strategy includes a dual approach: enhancing product quality and expanding globally, with recognition from major companies like Chengdu Aircraft Industrial Group and China Aerospace Science and Technology Corporation [2] - The company plans to apply for a comprehensive credit limit of up to 300 million yuan from financial institutions to support future development [3] - Capital expenditure has increased due to the construction of a project aimed at producing 15.8 million high-end precision components annually, leading to a 42.92% decrease in cash funds compared to the previous year [3] Group 3: Industry Context and Future Directions - The Chinese manufacturing industry is undergoing significant transformation, with high-end equipment demand driving the fastener market's rapid growth [2][4] - The focus areas for high-end equipment manufacturing include aerospace, rail transit, and intelligent manufacturing, which require advanced fasteners and connectors [4] - Qifeng Precision is integrating digital technologies to optimize processes, reduce operational costs, and align product offerings with national support for high-performance, high-value products [4]

Core Insights - The article discusses the evolution of Jinfu Technology, highlighting its ability to adapt to market changes and seize new opportunities in various industries, particularly in the fields of new energy, robotics, and liquid cooling technology [1][10][15] Historical Context - Jinfu Technology was originally established as Suzhou Jinfu Technology Co., Ltd. in 1998 by founders Fu Guoping and Yang Xiaowei [2] - The company initially focused on optical display film devices and went public on the Growth Enterprise Market in October 2010, achieving significant revenue growth in its first year with revenues of 768 million yuan and net profits exceeding 80 million yuan [3] Challenges Faced - The company faced increasing competition from new entrants in the LCD market, leading to a decline in its core business profitability and a need for strategic change [4][6] - Despite attempts at external acquisitions to navigate these challenges, the company struggled to maintain its competitive edge and faced a decline in its core business performance [5][7] Strategic Shift - In 2019, a significant change occurred when the company’s controlling stake was transferred to the Jiangsu Province Taixing High-tech Industrial Development Zone Management Committee, marking a shift to state-owned control [8] - The new management implemented a strategic focus on core businesses such as optical materials and automation equipment, while scaling back on non-core areas like photovoltaics and data centers [9] Current Developments - Since the strategic shift, Jinfu Technology has seen steady revenue growth, with a clear focus on high-end manufacturing and new energy sectors [10] - The company has made notable advancements in high-end detection equipment, particularly with a custom-developed AOI detection device for NVIDIA, which has been recognized as a key component in their data centers [11] Future Outlook - Jinfu Technology is actively expanding into emerging sectors such as robotics and liquid cooling, positioning itself to capitalize on anticipated growth in these areas [14][15] - The company is focusing on enhancing its core competencies in detection technology and system integration, which are critical for competing in the evolving robotics market [12][15] - In the liquid cooling sector, the company is addressing the urgent cooling needs of high-performance AI chips, establishing itself as a key player in the infrastructure supporting AI capabilities [16]

Group 1 - The "small nucleic acid" sector is gaining significant attention and investment, moving from laboratory research to the forefront of the industry [1] - Traditional drugs struggle with over 80% of disease-related targets being "undruggable," while small nucleic acid drugs offer a new approach by targeting the "blueprints" of disease-causing genes [2][3] - Small nucleic acid drugs, such as ASO and siRNA, can silence or regulate the expression of pathogenic genes, providing new treatment pathways for diseases like spinal muscular atrophy [4] Group 2 - The delivery system is a critical bottleneck for the development of small nucleic acid drugs, with recent advancements enabling targeting beyond the liver to other organs [5] - The FDA has approved 19 small nucleic acid drugs globally, with ASO and siRNA making up 38% and 32% of the development focus, respectively [5] - The pipeline for siRNA drugs is expanding into chronic diseases and CNS disorders, with significant applications in metabolic and cardiovascular diseases [6] Group 3 - The global market for small nucleic acid drugs is projected to grow from $2.7 billion in 2019 to $5.7 billion in 2024, with a compound annual growth rate (CAGR) of 16.2% [8] - The siRNA market share is expected to increase significantly, from $200 million in 2019 (7% share) to $2.4 billion in 2024 (44.5% share) [9] - Chinese companies are increasingly recognized for their innovation in small nucleic acids, with significant licensing deals and collaborations, marking a shift from following to competing in the global market [13] Group 4 - Notable acquisitions, such as Novartis's $12 billion purchase of Avidity, highlight the strategic importance of small nucleic acid platforms in drug delivery [8] - Companies like Be Better Med and Frontier Bio are developing diverse pipelines targeting various diseases, including hypertension and metabolic disorders [16][17] - The rise of small nucleic acids signifies a paradigm shift in drug discovery, moving from protein-based approaches to rational design based on genetic sequences [19]

Core Insights - Smart meters are essential devices for building smart cities under the "dual carbon" goals, with explosive growth providing significant opportunities for 聚星科技 in the low-voltage electrical components market [1] - 聚星科技 specializes in the research, production, and sales of electrical contact products, which are crucial for controlling low-voltage electrical devices [1] - The company has established strong partnerships with major low-voltage electrical manufacturers, enhancing its customer resource advantages [2] Industry Overview - The global smart meter market is projected to reach nearly $26 billion by 2024, with the residential market accounting for 86% of this, particularly driven by the Asia-Pacific region [2] - By 2030, the smart meter market in China is expected to exceed 80 billion yuan, driven by technological advancements and cost reductions [2] - The demand for smart grids and smart meters is increasing due to the ongoing "dual carbon" goals and the rising proportion of green consumption [3] Company Performance - In the first three quarters of 2025, the company achieved revenue of 836 million yuan, a year-on-year increase of 18.82%, with a net profit of 83 million yuan [2] - In the third quarter, revenue reached 299 million yuan, reflecting an 11.50% year-on-year growth, indicating strong business resilience [2] Market Trends - The State Grid is expected to tender approximately 46.52 million smart meters in 2024, a year-on-year increase of 86.43%, indicating robust market demand [3] - The implementation of the IR46 standard for smart meters is anticipated to accelerate in 2026, further driving the smart meter upgrade [3]