10月17日，海康威视发布2025年第三季度报告。报告显示，公司本季度及年初至报告期末营收保持稳定增长，净利润增幅显著，经营活动产生的现金流量净 额同比激增超4倍，同时完成股份回购注销与中期分红，股东回报机制持续落地。 本报告期（第三季度），公司实现营业收入239.40亿元，较上年同期增长0.66%；归属于上市公司股东的净利润36.62亿元，同比增幅20.31%；归属于上市公 司股东的扣除非经常性损益的净利润34.82亿元，同比增长19.73%。基本每股收益0.399元/股，同比增长17.70%，加权平均净资产收益率4.56%，较上年同期 增加0.52个百分点。 （一）股份回购方案实施完毕并注销 2024年12月，公司审议通过股份回购方案，计划以自有资金及股票回购专项贷款，回购20亿-25亿元股份（回购价格不超过401元/股，后因2024年度权益分 派调整为39.30元/股），用于注销减少注册资本。截至2025年8月28日，公司累计回购68,326,776股，占注销前总股本的0.74%，最高成交价32.70元/股，最低 成交价27.06元/股，成交总金额20.28亿元，完成回购方案。2025年9月4日，上述回 ...

Core Viewpoint - The company, Jingjia Micro, has signed strategic cooperation agreements with Changchun Jida Zhengyuan Information Technology Co., Ltd. and Cangqiong Digital Technology Co., Ltd., focusing on integrating its GPU product JM11 into digital security and spatiotemporal information sectors, enhancing its domestic GPU ecosystem [2][8]. Group 1: Cooperation with Jida Zhengyuan - Background: Jida Zhengyuan, established in 1999 with a registered capital of 194 million yuan, specializes in cryptographic technology and provides secure solutions for key sectors such as finance and government [3]. - Core Cooperation: The collaboration focuses on integrating JM11 into Jida Zhengyuan's products, enhancing security operations and data processing capabilities, and optimizing customer experience through hardware and software integration [4]. - Market Collaboration: Both companies will prioritize each other’s products and services, with Jida Zhengyuan promoting JM11 configurations to its clients, while Jingjia Micro ensures stable production and delivery of JM11 [4]. Group 2: Cooperation with Cangqiong Digital - Background: Cangqiong Digital, founded in 2001 with a registered capital of 130 million yuan, is a leading service provider in the spatiotemporal information field, focusing on GIS platforms and digital governance solutions [5]. - Core Cooperation: The partnership aims to develop integrated solutions combining JM11 with Cangqiong's GIS platform, addressing high-security and high-performance requirements across various industries [6]. - Market and Brand Cooperation: Both companies will support each other in market promotion, joint events, and major project bids, creating a synergistic market presence [7]. Group 3: Significance for Jingjia Micro - The collaborations align with Jingjia Micro's strategic development plans, leveraging partners' technologies and market advantages to enhance JM11 product development and market expansion, thereby increasing competitiveness in the domestic GPU sector [8].

Core Viewpoint - The company announced adjustments to certain fundraising investment projects, including the completion of the "Intelligent Connected Vehicle Software R&D Center" and a reduction in investment for the "Phase II of the Guangting Intelligent Connected Vehicle Software Industrial Park" project, with surplus funds temporarily stored in a special account pending future use approval [2] Fundraising and Investment Adjustments - The company raised a total of 1.618 billion yuan through its initial public offering in 2021, with 387 million yuan allocated to three foundational projects and 1.091 billion yuan in excess funds for additional projects [2] - The adjusted investment for the "Phase II of the Guangting Intelligent Connected Vehicle Software Industrial Park" project has been reduced from 8316.38 million yuan to 3281 million yuan, with actual investment reaching 2745.98 million yuan as of September 30, 2025 [6] Project Completion and Financials - The "Intelligent Connected Vehicle Software R&D Center" project was completed with a total investment of 4410.82 million yuan, achieving a completion rate of 93.53% and resulting in a surplus of 305.16 million yuan [5] - The "Phase II of the Guangting Intelligent Connected Vehicle Software Industrial Park" project has a completion rate of 83.69%, with a surplus of 535.02 million yuan due to reduced expenditures on non-essential investments [6] Future Fund Usage - The total surplus of 840.18 million yuan from both projects will be temporarily stored in a special fundraising account, with future usage to be determined after the completion of the remaining foundational projects [7]

曹力强调，近两年零跑在智能驾驶领域的持续重仓投入已收获显著成效。数据显示，零跑每年将超过15%的研发 投入用于智能化领域，2025-2030年累计研发投入计划达500亿元，研发团队规模将扩充至1.2万人。 在辅助驾驶方面，该车标配激光雷达与VLA世界模型辅助驾驶系统，具备"车位到车位"全场景NOA能力，可覆盖 高速与城区复杂路况，核心性能与行业第一梯队接轨。 在行业趋势判断上，曹力指出，2026年将成为高阶智能驾驶的爆发临界点。零跑自身的智驾落地进度正同步加 速，计划2026年在D系列高端车型上实现L4级自动驾驶城市道路落地，2028年推出"零跑智驾4.0"系统支持全场景 无人干预驾驶。 在2026年高阶智驾爆发的行业节点，这款集性能、智能与性价比于一身的旗舰SUV，或将成为零跑高端化的"破局 者"。 零跑汽车于10月16日正式发布D系列首款旗舰车型——零跑D19。这款定位全尺寸6座旗舰SUV的产品，不仅承载 着零跑冲击高端市场的野心，更以LEAP4.0架构、双动力系统及领先智驾配置，成为印证其十年技术积淀的核心 载体，预计2026年第一季度上市，预售价25-30万元。 10月17日，针对近日网传"零跑汽车将 ...

10月17日，仕佳光子发布2025年第三季度报告。报告显示，公司本季度及年初至报告期末经营业绩均实现大幅增长，核心财务指标同比增幅显著，同时研发 投入稳步增加，为技术竞争力奠定基础。 报告指出，业绩大幅增长主要得益于两大因素：一是人工智能发展驱动数通市场快速增长，公司顺应市场需求，光芯片和器件、室内光缆、线缆高分子材料 等产品订单较上年同期实现不同程度增加，产品竞争优势凸显且客户认可度提升；二是公司持续提高运营管控能力，加强降本增效工作，提升产品良率，进 一步增强了产品竞争力与盈利能力。 截至2025年9月30日，仕佳光子总资产达25.48亿元，较上年度末增长43%；归属于上市公司股东的所有者权益14.76亿元，较上年度末增长23.15%，资产规模 扩大主要因生产经营规模扩张，存货、应收账款、固定资产等资产增加。 现金流方面，本报告期经营活动产生的现金流量净额为-5672.68万元，同比下降348.09%；年初至报告期末为-4556.79万元，同比下降1346.67%。主要原因是 为满足产品订单需求而增加库存备货，且营业收入增长较快，部分销售商品账期未到。 2025年第三季度，仕佳光子研发投入合计3632.9 ...

10月16日，千里科技发布《关于向香港联交所递交H股发行上市的申请并刊发申请资料的公告》，披露公司已于10月16日向香港联交所递交发 行境外上市股份（H股）并在香港联交所主板上市的申请，且同日在香港联交所网站刊登了本次发行上市的申请资料。 过去，千里科技的收入主要来自销售汽车、摩托车以及通用机械等其他产品。目前，千里科技已推出技术解决方案，主要包括智能驾驶、智能 座舱解决方案及Robotaxi解决方案： 智能驾驶：千里科技提供由独特的RLM（强化学习—多模态）模型驱动的全栈智能驾驶解决方案。千里科技的产品组合包括垂直AI模型、软 件、硬件及闭环数据系统，以在复杂的交通场景中实现L2至L4级自动驾驶。 智能座舱：凭借专有的多模态交互模型及AI原生AgentOS，千里科技的智能座舱解决方案可提供自然用户交互（NUI）体验—一种直观的交互 系统，使用户能够透过包括语音及视觉的自然模态与车辆进行交流。千里科技的智能座舱解决方案亦融入先进的硬件，包括高清显示器、高级 音响系统及其他最先进的硬件。该人性化智能环境以自然且具情感回应的方式与乘客互动，识别情绪并根据个人喜好定制。透过将智能与情感 感知相结合，千里科技的智能座 ...

合肥建投成立于2006年6月16日，为国有独资公司，注册资本1,329,800万元，法定代表人雍凤山，注册地址位于合肥市滨湖新区武汉路229号，经营范围涵 盖城市基础设施、能源、交通等项目投资运营、国有资产管理等，由合肥市人民政府国有资产监督管理委员会100%持股。财务数据显示，截至2025年6月 30日（未经审计），合肥建投资产总额77,128,751.57万元，净资产25,903,062.16万元；2025年1-6月营业收入2,409,132.63万元，净利润-98,107.31万元。 （二）标的公司皖芯集成 皖芯集成成立于2022年12月15日，注册资本958,855.383552万元，法定代表人邱显寰，注册地址位于合肥市新站区合肥综合保税区，主营业务包括集成电 路芯片及产品制造、销售、设计服务等。财务数据显示，截至2025年6月30日（经审计），皖芯集成资产总额1,396,566.23万元，净资产910,148.91万元； 2025年1-6月营业收入78,221.11万元，净利润-17,618.95万元。本次增资款将全部用于皖芯集成日常运营，包括购置设备、偿还主营业务相关债务等。 本次增资定价以评估为 ...

Core Viewpoint - The lawsuit filed by Zhuhai Titan New Power Electronics Co., Ltd. against Hanchuan Intelligent and Mianyang High-tech Exson New Energy Technology Co., Ltd. involves a payment dispute over an equipment procurement contract, with a total claim exceeding 29.23 million yuan [2][3]. Group 1: Lawsuit Details - The plaintiff, Titan New Power, is seeking immediate payment of 27.8 million yuan in overdue payments and interest, along with additional legal fees and costs, bringing the total claim to over 29.23 million yuan [2]. - The equipment procurement contract, signed on January 6, 2023, had a total value of 78 million yuan, with Titan New Power claiming that it has fulfilled its obligations while Hanchuan Intelligent and Mianyang Exson have failed to make payments [2]. Group 2: Hanchuan Intelligent's Defense - Hanchuan Intelligent argues that a tripartite payment agreement was signed, which stipulates that Mianyang Exson is responsible for paying the remaining amount of 31.2 million yuan, and thus Titan New Power has no right to demand payment from Hanchuan Intelligent [3]. - Hanchuan Intelligent has previously filed a lawsuit against Mianyang Exson, resulting in a mediation agreement where Mianyang Exson agreed to offset payments, but if upstream suppliers claim rights, the offset would be invalid [3]. Group 3: Financial Impact - Titan New Power has applied for the preservation of Hanchuan Intelligent's bank deposits amounting to 29.23 million yuan, with the court freezing a total of approximately 3.08 million yuan from two bank accounts [4]. - As of the announcement date, Hanchuan Intelligent's frozen bank funds total approximately 57.18 million yuan, representing 8.79% of the company's audited net assets for 2024 and 31.40% of its cash funds [4].

补强"特色高校提升计划及深圳市"高水平大学"建设计划。目前，该校建有18个省市级科研平台，校企共建联合实验室49个，承担国家重点研发计划项目等 各级项目，在激光与增材制造、新能源技术等领域成果显著，获32项省市级科研奖。 根据合作协议，联合实验室为非独立法人机构，依托深圳技术大学集成电路与光电芯片学院现有科研平台建立，作为该校校内机构由双方共同管理。合作内 容涵盖科研合作、经费投入与合作模式三大核心：科研方面，双方围绕半导体激光前沿领域合作研发，共同申报科研项目；经费上，光峰科技600万元投入 按项目规划、经联合管理委员会确定预算后支付，可依实际情况调整；合作模式则针对光峰科技实际需求，开展新技术与新产品研发攻关，分为光峰科技委 托深圳技术大学开发、双方共同委派人员联合开发两种方式。 协议明确，合作期间项目产生的知识产权等合法权益归光峰科技所有，双方需对合作中知悉的对方商业秘密和技术秘密严格保密，未经书面同意不得泄露给 第三方。 对于光峰科技而言，此次合作契合公司战略发展规划。近年来，光峰科技致力于向激光产业上游突破打造核心器件，加大半导体激光前沿领域投入，以上游 突破驱动下游场景创新。借助深圳技术大学的科研 ...

Core Viewpoint - The company reports significant growth in revenue and product shipments in the optical communication industry, driven by strong demand and optimization of product structure [2] Group 1: Company Performance - The company's optical device and module product shipments have significantly increased, leading to a substantial year-on-year growth in main business revenue [2] - The company's profitability has continuously improved due to the realization of scale effects and product structure optimization [2] Group 2: Market Position and Strategy - The company is actively expanding its presence in key areas such as high-speed optical modules, silicon photonics, and passive optical networks (PON) in response to the global 5G rollout and data center market expansion [2] - The penetration rate of the company's products in both domestic and international markets has significantly increased [2] Group 3: Operational Efficiency - The company has been optimizing production line automation, yield control, and cost management, which has contributed to a steady increase in overall gross margin [2] - The company is enhancing customer collaboration and supply chain integration to further improve operational efficiency [2] Group 4: Future Outlook - The company plans to continue increasing R&D investment to advance high-end optical chips and module product upgrades [2] - The goal is to build a comprehensive optical communication ecosystem covering communication, data centers, and AI interconnect scenarios [2]