国信证券党委书记、董事长张纳沙致辞 MACD金叉信号形成，这些股涨势不错！ ...

中证报中证网讯(王珞)10月14日晚，无锡帝科电子材料股份有限公司(股票代码：300842，以下简称"帝 科股份（300842）")发布公告称，拟以现金3亿元收购江苏晶凯半导体技术有限公司(以下简称"江苏晶 凯")62.5%的股权。交易完成后，江苏晶凯将成为帝科股份的控股子公司。 随着AI算力时代到来，存储产业正迎来新一轮成长周期。在"算力驱动+终端智能化"的双重趋势下，全 球动态随机存取存储器(DRAM)的应用边界正不断扩展，从传统PC与移动设备，向云计算、AI服务器、 车载电子及边缘计算等高价值场景渗透。根据Technavio的预测，年DRAM市场总规模将从2024年的 1551亿美元增长至2029年的4139亿美元，市场成长空间广阔。 帝科股份此前于2024年9月收购深圳市因梦控股技术有限公司，切入存储芯片的应用性开发、方案设计 与销售领域，产品应用领域覆盖OTT(Over-The-Top)机顶盒、手机、平板电脑、笔记本电脑以及各类消 费电子产品。凭借自身独特技术优势，业务规模快速增长，2025年1-6月已实现营业收入1.89亿元。帝 科股份表示，公司控股子公司因梦控股业务发展情况和前景良好，本次交易协 ...

中证报中证网讯(记者王鹤静)近期人工智能(AI)产业动态频繁、消息不断。朱雀基金日前表示，科技成 长板块依然是市场的核心驱动力量，不过结构分化有所加剧。 朱雀基金认为，市场既担忧循环投资问题，也在观望OpenAI巨额算力需求的原因，尤其今年四大云厂 已大幅上调资本开支，其仍下场投资基建的逻辑待解。而AI拉动的存储板块涨幅明确，且其本身有涨 价行为，上涨可由基本面支撑。当前海外市场对泡沫或持谨慎态度，在一定程度上说明尚未进入狂热状 态，风险积累或仍处早期；若未来风险提示讨论消失，反而需要高度警惕。 其次，从海外实际投入AI资本开支的大型云厂商来看，朱雀基金认为，资本开支与现金流的比值已从 历史低位15%升至25%以上，未来潜力或超50%。从经营层面来看，这些真金白银投入的厂商在高额的 资本开支下现金流大概率仍健康，且大型科技公司业务强劲，当前经营成果足以覆盖AI投资。 另外，朱雀基金表示，目前AI项目资金来源以自有资金和股权融资为主，尚未涉及债券融资。即便存 在泡沫，因无债务杠杆，若出现风险消化也较快；一旦广泛涉及债务关系，则需大幅提升警惕。 综上，朱雀基金总结道，当前AI行业仍然较为理性。从行业阶段看，目前或 ...

Core Viewpoint - Northern Trust has successfully implemented the "Revitalization. Tianchen No. 1" real estate service trust, addressing the challenges of integrating scattered real estate resources held by state-owned enterprises, thereby enhancing the overall operational efficiency of state assets [1][2]. Group 1: Project Overview - The project is commissioned by Tianjin Chenkai New Energy Property Management Co., Ltd., a wholly-owned subsidiary of the North Bin Development Zone Management Committee, which holds multiple commercial real estate properties across different administrative districts in Tianjin [1]. - The trust structure allows for the phased delivery of trust assets, focusing on the dual advantages of the trust system, including risk isolation and professional management [2]. Group 2: Benefits and Innovations - The trust structure creates a robust risk firewall by legally isolating the trust assets from the client's other assets, mitigating potential asset risks due to operational or external changes [2]. - Northern Trust has established a unified asset management platform, enhancing the overall revenue capability of the asset portfolio through professional management and lifecycle management [2]. Group 3: Future Implications - The successful implementation of this model serves as a replicable and scalable framework for managing similar scattered assets, enhancing the company's capabilities in asset service trusts [3]. - This model exemplifies the practical path for trust services to contribute to the "Three Quantities" work, transforming static, scattered assets into efficient, liquid development increments, thus injecting new financial vitality into the construction of a modern socialist metropolis in Tianjin [3].

Core Viewpoint - Chery Automobile has launched its "New Fuel Strategy" with the introduction of the new models, Tiggo 9X and Tiggo 9, emphasizing advancements in technology, intelligence, safety, and a new framework for fuel vehicles [1] Group 1: New Fuel Strategy - The "New Fuel Strategy" is described as a technological declaration and a reflection of China's automotive evolution from learning to leading [1] - Chery aims to redefine the value benchmark for fuel vehicles through its four new standards: new technology, new intelligence, new safety, and new framework [1] Group 2: Technological Advancements - Chery is the first domestic brand to achieve full-stack self-research and manufacturing of the "three major components" [1] - The Falcon intelligent driving assistance system is now integrated into fuel vehicles, enhancing smoothness and fuel efficiency while featuring an intelligent cockpit for improved interaction [1] Group 3: Safety Investments - Chery has invested over 100 billion yuan in developing the Rock Solid body and 360° surround airbags to ensure user safety [1] Group 4: Sales Performance - In the first three quarters of this year, Chery Group achieved cumulative sales of 2.008 million vehicles, solidifying its position in the industry [1] - The sales of Chery's new energy segment reached 91,600 units in September, marking a year-on-year increase of 55.4% [1]

Core Viewpoint - Shangfeng Cement has announced a strategic investment of 50 million yuan in Hefei Xinfeng Technology Co., Ltd. through a joint venture with Suzhou Lanpu Venture Capital, marking a significant move into the semiconductor industry [1][2]. Group 1: Investment Details - The investment will give Suzhou Qihong a 7.17% stake in Xinfeng Technology, which specializes in DRAM packaging and testing, and is a key supplier for Changxin Storage Technology [1][2]. - The investment also attracted participation from industry players such as Huicheng Co. and Jinghe Integration, indicating a collaborative effort within the local semiconductor ecosystem [2]. Group 2: Strategic Implications - Shangfeng Cement aims to diversify its business model by integrating investments in high-end manufacturing sectors like semiconductors, which aligns with its dual-driven strategy of "main business + investment" [2]. - This investment follows a previous announcement in October regarding another investment in the semiconductor sector, highlighting the company's commitment to high-tech industries [2]. - The investment is expected to leverage the growth potential of Xinfeng Technology, especially as Changxin Storage continues to expand its production capacity [2][3]. Group 3: Financial Context - Shangfeng Cement has cumulatively invested approximately 2 billion yuan directly in Changxin Storage and around 2 billion yuan in the new economy equity sector, showcasing a robust financial strategy that complements its traditional cement business [3].

Core Viewpoint - The "6G Unlimited: The Future is Here" forum held in Wuhan focuses on the development and innovation of 6G technology, aiming to position Hubei as a leader in the 6G industry [1][2] Group 1: Forum Overview - The forum was co-hosted by the Hubei Provincial Department of Science and Technology and China Information Communication Technologies Group, with participation from key industry players and academic institutions [1][2] - The event featured discussions on core 6G technologies, standards, applications, and the industrial ecosystem, culminating in the launch of the "6G Technology and Industry Innovation Action Initiative" for Hubei [1][3] Group 2: Government and Corporate Commitment - Hubei's Vice Governor emphasized the importance of 6G as a new engine for the digital economy and pledged to accelerate the province's 6G technology development and application [2] - China Information Communication Technologies Group's leadership committed to focusing on 6G technology breakthroughs and building a collaborative ecosystem to support Hubei's ambitions in the 6G sector [2][4] Group 3: Key Initiatives and Expert Contributions - The "6G Technology and Industry Innovation Action Initiative" aims to integrate resources across academia and industry, focusing on innovation, ecosystem development, talent cultivation, and sustainable practices [3] - Notable experts presented insights on 6G, including discussions on hyper-converged network architectures and the impact of AI on wireless communication systems [3][4]

Core Insights - The fourth batch of national subsidy funds has been allocated, coinciding with the full launch of the Double 11 shopping festival, leading to a surge in home appliance consumption, attracting significant attention from investment institutions [1][2] - Suning.com is enhancing its market position by implementing a combination of subsidy policies and upgraded service offerings, aiming to stimulate consumer demand and facilitate the upgrade of home appliances [2] Group 1: Investment Interest - From October 13 to 14, Suning.com hosted visits from eight investment institutions, including Huaxia Fund and CITIC Securities, focusing on store conditions, brand introduction, user profiles, and marketing strategies [1] - The investment institutions experienced various hot-selling new products, such as a 163-inch ultra-large screen TV and ultra-low temperature storage refrigerators, during their visit [1] Group 2: Marketing and Consumer Engagement - During the Double 11 period, Suning.com is increasing the launch of new products and implementing the "True Benefit Subsidy" plan to lower consumer barriers and stimulate demand for upgrades [1] - The "True Benefit Subsidy" section saw over 1 million units reserved within 72 hours during the National Day holiday, indicating strong market appeal [1] Group 3: Service Enhancements - The research team paid special attention to the value-added services offered in the Suning Friend area, such as free coffee and clothing care, and inquired about the home appliance concierge service [1] - The Suning Max store in Nanjing is equipped with over 40 dedicated home appliance concierges, providing comprehensive services from pre-sale consultation to after-sales maintenance, enhancing the overall consumer experience [1] Group 4: Strategic Positioning - Suning.com is reinforcing its position as a leader in home appliance consumption through product, scene, and service upgrades, supported by both policy and consumer demand [2] - The company aims to further unlock growth potential in the home appliance market, promoting healthy competition within the industry [2]

Core Points - Five projects have been signed in Nantong's Tongzhou District, including automotive steering systems, micro-system manufacturing, FPC boards, and semiconductor materials [1][2] - The Tongzhou District government emphasizes project attraction as a top priority, implementing innovative招商 mechanisms and optimizing the business environment [1] - The projects are expected to enhance the district's economic development and contribute to high-quality growth in Nantong [1][2] Group 1 - The successful signing of five projects is seen as a significant boost for Tongzhou's economic development [1] - The district aims to provide comprehensive support for the projects to ensure they commence and achieve results quickly [1] - Entrepreneurs express confidence in investing in Tongzhou due to its unique location, industrial ecosystem, and favorable business environment [2] Group 2 - The Tongzhou District has initiated a "summer offensive" for investment attraction, yielding fruitful results since May [2] - The simultaneous establishment of these projects is expected to amplify the agglomeration effect of emerging industries in the region [2] - The local government is committed to fostering collaboration among enterprises to achieve mutual growth and innovation [2]

Core Insights - The Neusoft Group, represented by its founder Liu Jiren, signed a cooperation agreement at the 2025 World Skills Organization General Assembly in Croatia, emphasizing its commitment to bridging skill gaps globally and enhancing education technology [1][2] Group 1: Company Initiatives - Neusoft Group aims to fulfill its social responsibility by integrating education, healthcare, and elderly care, focusing on cultivating high-skilled talents for the digital future [1] - The company has invested in establishing three universities to lead in digital talent education services, aligning its industrial layout with societal needs [1] - Neusoft's initiatives include developing a "smart healthcare" platform and urban cloud hospitals to support the integrated development of education, healthcare, and elderly care industries [1] Group 2: Industry Engagement - Liu Jiren highlighted the importance of integrating vocational education with industry needs, advocating for companies to participate actively in talent cultivation [2] - Neusoft has contributed to the successful hosting of international and domestic large-scale events, showcasing its capabilities in international skills competitions and technical services [2] - The signed agreement with the World Skills Organization aims to promote vocational skill standards innovation and deepen talent cultivation globally, leveraging Neusoft's expertise in software innovation, artificial intelligence, and big data for the 2026 World Skills Competition in Shanghai [2]