为什么要做小？ 试错成本 是Sim2Real（仿真到现实）的一大痛点。Q1尺寸减半意味着它的体积和重量只有全尺寸机器人的约1/8，更加耐摔耐炸，小体型 意味着更低的试错成本和更高的迭代效率，有利于加快科研节奏。 就在刚刚，智元机器人联合创始人彭志辉在B站发布他在2025年的最后一个作品，介绍了新产品—— 全球首个个人机器人，即小尺寸全身 力控人形机器人产品：启元Q1。 视频末尾附有"上纬启元"品牌logo。 启元Q1的站立高度约为0.8米，收纳模式的机身长度在0.5米左右。可以折叠后装进一个30-35L左右的双肩包里。 Q1面向怎样的场景？主要是科研、交互。 正如前面提到的，启元Q1规避了全尺寸人形机器人的重量问题，耐摔、耐炸的属性极大减小了科研人员在真机上验证模拟算法时的试错成 本。这次智元还展示了儿童陪伴场景，如Q1机器人与孩子互动、教英语。通过内置的"智元灵心"AI平台，Q1机器人支持进行自然对话、百 科问答，可以教用户跳舞或练习英语口语。 另外，启元Q1的外观结构件完全开源，用户可以自行为它3D打印各种外观件，进行模块化"换头"，打造专属IP形象，这款机器人同时支持 零代码平台创作，自行调整骑动作、语 ...

12月31日，上交所官网显示， 蓝箭航天空间科技股份有限公司科创板IPO审核状态变更为"已受理"，公司拟融资金额75亿元。 据公司招股书（ 申报稿 ）显示，蓝箭航天主要从事液氧甲烷发动机及运载火箭的研发、生产并提供商业航天火箭发射服务，致力于构建以中大型可 重复使用液氧甲烷运载火箭为核心的"研发、制造、试验、发射"全产业链条，打造航天领域的科技综合体，成为世界一流商业航天企业。 准确 快速 权威 专业 7x24h电报 头条新闻 VIP资讯 实时盯盘 公司朱雀二号系列中型液氧甲烷运载火箭已成为中国民营商业航天领域首款进入量产及商用的液体燃料火箭； 朱雀三号中大型液氧甲烷可重复使用 运载火箭首飞成功入轨，成为中国首枚发射且入轨成功的可重复使用运载火箭，研制进展在国内处于领先身位 ，未来将满足低成本、大运力、高频 次的商业航天需求，为国家重大航天工程及卫星互联网发射组网提供强有力的运力支撑。 公司本次发行股份募集资金扣除发行费用后，将全部用于可重复使用火箭产能提升项目、可重复使用火箭技术提升项目。 | 序号 | 项目名称 | 投资总额 | 拟使用募集资金投 | | --- | --- | --- | --- | | ...

铂力特(688333.SH)今日公告称， 公司于2025年12月31日收到中国证监会下发的《立案告知书》，因公司涉嫌信息披露违法违规，中国证监会决定对 公司立案。 作为近期火爆的商业航天概念股之一，铂力特是一家专注于工业级金属增材制造（3D打印）的高新技术企业，公司运用多年金属增材制造技术的专 业经验，通过持续创新为航空航天、能源动力、医疗齿科、工业模具、汽车制造等行业客户提供服务。 | | 111.51 所属行业：机械设备 +0.06% > | | | | | 查看所属板块 > | | --- | --- | --- | --- | --- | --- | --- | | +9.51 +9.32% | | 3D打印 | | | 机器人概念 | | | | | +0.96% 最相关 | | | -0.06% | | | 41 ਜੋ | 102.00 | 良 름 | | 115.99 | 成交量 | 24.3万手 | | 昨 收 | 102.00 | 最 低 | | 102.00 | 成交额 | 26.2亿 | | 11 /22 41 | 147.30 换手率 | | | 8.85% | 总市值 | 306亿 ...

据央视新闻，新年前夕，国家主席习近平通过中央广播电视总台和互联网，发表了二〇二六年新年贺词。全文如下： 大家好！岁序更替，华章日新。在新年到来之际，我在北京向大家致以美好的祝福！ 2025年是"十四五"收官之年。5年来，我们踔厉奋发、勇毅前行，克服重重困难挑战，圆满完成目标任务，在中国式现代化新征程上迈出了 稳健步伐。我国经济总量连续跨越新关口，今年预计达到140万亿元，经济实力、科技实力、国防实力、综合国力跃上新台阶，绿水青山成 为亮丽底色，人民群众获得感幸福感安全感不断增强。5年历程极不寻常，成绩来之不易。大家拼搏进取、耕耘奉献，铸就了欣欣向荣的中 国。我向每一位辛勤付出的奋斗者致敬！ 这一年，令人难忘的是，我们隆重纪念中国人民抗日战争暨世界反法西斯战争胜利80周年，设立台湾光复纪念日。国之盛典威武雄壮，胜利 荣光永载史册，激励中华儿女铭记历史、缅怀先烈、珍爱和平、开创未来，凝聚起中华民族伟大复兴的磅礴伟力。 准确 快速 权威 专业 我们依靠创新为高质量发展赋能。科技与产业深度融合，创新成果竞相涌现，人工智能大模型你追我赶，芯片自主研发有了新突破，我国成 为创新力上升最快的经济体之一。天问二号开启"追星" ...

Core Viewpoint - The article discusses the upcoming reduction in both housing provident fund loan rates and commercial loan rates in China, which will alleviate the monthly payment burden for many families. Group 1: Housing Provident Fund Loan Adjustments - Starting from May 8, 2025, the interest rate for new personal housing provident fund loans will be reduced by 0.25 percentage points, with the first home rate for loans under 5 years decreasing from 2.35% to 2.1%, and for loans over 5 years from 2.85% to 2.6% [1] - For second homes, the interest rate for loans under 5 years will drop from 2.775% to 2.525%, and for loans over 5 years from 3.325% to 3.075% [2] - Existing loans issued before May 8, 2025, will see their rates adjusted starting January 1, 2026, with significant interest savings projected for families [3] Group 2: Commercial Loan Adjustments - The five-year Loan Prime Rate (LPR) was adjusted to 3.5% from 3.6% on May 20, 2025, leading to a reduction in monthly payments for commercial loans [3] - For a commercial loan of 1 million yuan over 30 years, the recent LPR decrease will result in a monthly payment reduction of 56 yuan, accumulating to a total reduction of 20,000 yuan over 30 years [3] - Starting November 1, 2024, a new pricing mechanism for commercial housing loans will allow borrowers to adjust the repricing cycle to 3 months, 6 months, or 1 year, providing more flexibility [3][4]

每逢年底，许多人或许都会在心底盘算一番，自己在过去的一年里都赚了多少钱。而对于目前AI领域龙头企业OpenAI的员工们而言，"千万 富翁"或许已不算什么了不起的成就…… 根据OpenAI向投资者展示的财务数据，该公司支付给员工的薪酬，已高于近现代历史上任何一家科技初创企业…… 目前，OpenAI总计有约4000名员工，而平均每位员工的股权激励薪酬高达约150万美元(约合1048万人民币)。 业内基于薪酬调查机构Equilar数据的分析显示，这一150万美元的平均薪酬，约为其他18家大型科技公司上市前员工平均薪酬的34倍。 该 分析涵盖了过去25年间的主要科技公司IPO案例。为了反映通胀因素的影响，这些薪酬数字均已调整为2025年的美元价值。 同时，该数值也是榜单中排在第二的谷歌2003年披露股票薪酬的七倍以上。谷歌于2004年提交了IPO申请。 高薪得益于AI"抢人"大战？ 在"抢人"大战最为疯狂的时刻，扎克伯格的高薪挖人攻势曾一度挖走了20余名OpenAI员工，包括ChatGPT的共同创建者赵晟佳。据业内此 前报道，作为应对，OpenAI于8月向部分研究与工程人员发放了一次性奖金，部分员工当时拿到了数百万美 ...

2025年A股收官，十大牛股新鲜出炉，"科技牛"成全年关键词，上纬新材以全年18倍涨幅的绝对优势成为2025年股王，天普股份以1662%）涨幅位居 第二，*ST宇顺（719%）、*ST亚振（636%）紧随其后，CPO概念人气股胜宏科技（588%）排在第五。 4. *ST亚振 现价(元) 总市值(亿) 45.16 118.7 家居、小金属 2025年涨幅:前复权 2025.01.02-2025.12.31 636% 5. 胜宏科技 总市值(亿) 现价(元) 2503 287.58 PCB、CPO 2025年涨幅:前复权 2025.01.02-2025.12.31 588% 6. 飞沃科技 现价(元) 总市值(亿) 168.37 126.6 商业航天、风电 2025年涨幅:前复权 2025.01.02-2025.12.31 581% 7. 鼎泰高科 现价(元) 总市值(亿) 139.1 570.3 PCB 2025年涨幅:前复权 2025.01.02-2025.12.31 579% 8. 菲林格尔 总市值(亿) 现价(元) 31.62 112.4 智能家居 2025年涨幅:前复权 2025.01.02-2025. ...

Core Viewpoint - The company TianShu ZhiXin, China's first general-purpose GPU enterprise, is set to go public on January 8 at the Hong Kong Stock Exchange, with an IPO valuation exceeding HKD 354 billion and expected fundraising of approximately HKD 3.7 billion, marking a significant milestone in the domestic semiconductor industry [1][2]. Group 1: IPO and Valuation - TianShu ZhiXin plans to issue 25.43 million shares, with 10% allocated for public offering in Hong Kong and the remainder for international placement, leading to an IPO market capitalization of HKD 354.42 billion based on a share price of HKD 144.60 [2]. - The company aims to allocate 80% of the raised funds for product and solution R&D, with 50% specifically for general-purpose GPU chip and accelerator card development, 25% for proprietary software stack development, and 5% for AI computing solutions [2]. - A cornerstone investment team of 18 top investors has been established, with a total subscription amounting to HKD 1.58 billion, including notable firms such as ZTE Communications (Hong Kong) and UBS AM Singapore [2][3]. Group 2: Market Position and Growth - TianShu ZhiXin is recognized as the first company in China to achieve mass production of both inference and training general-purpose GPU chips, filling a gap in the high-end training sector of domestic computing chips [4]. - According to a report by Frost & Sullivan, the company ranks among the top five core players in China's general-purpose GPU market, with its training GPUs holding the third-largest market share and inference GPUs the second-largest [5]. - Revenue growth has been robust, with figures of RMB 189.4 million, RMB 289 million, and RMB 539.5 million projected for 2022, 2023, and 2024 respectively, reflecting a compound annual growth rate (CAGR) of 68.8% [5]. - In the first half of 2025, revenue reached RMB 324.3 million, a 64.2% increase from RMB 197.4 million in the same period the previous year, driven by increased product shipments [5]. Group 3: Product and R&D Focus - The core revenue source for TianShu ZhiXin is its general-purpose GPU products, which accounted for 85.33% of total revenue in the first half of 2025, with training products contributing 58.5% and inference products 26.8% [6]. - The company has maintained high R&D investment levels, with expenditures of RMB 457 million, RMB 616 million, and RMB 773 million from 2022 to 2024, representing 241.1%, 213.1%, and 143.2% of total revenue respectively [6]. Group 4: Ecosystem Development - TianShu ZhiXin has established a comprehensive ecosystem that integrates hardware and software, developer communities, and industry-academia collaboration, which is crucial for building competitive barriers in the general-purpose GPU industry [7][8]. - The company’s products are compatible with major domestic and international AI ecosystems and deep learning frameworks, addressing industry pain points related to usability and migration costs [8]. - Collaborations with institutions like Shanghai AI Laboratory and various universities have been initiated to promote industry standardization and talent development, contributing to the maturation of the industry chain [8]. Group 5: Market Outlook - The domestic general-purpose GPU market is experiencing rapid growth, with a projected CAGR of 33.0% from 2025 to 2029, and the market share of domestic products expected to rise from 8.3% in 2022 to over 50% by 2029 [9]. - The upcoming IPO is seen as a pivotal step for TianShu ZhiXin, potentially activating the domestic general-purpose GPU industry ecosystem and enhancing China's position in the global AI computing competition [9].

Core Insights - The ETF performance report for 2025 reveals that eight ETFs have doubled in value, with over 200 ETFs showing gains exceeding 50% [1] - Among the top ten ETFs by performance, six are related to AI and communication equipment, with both the Communication ETF (515880.SH) and Communication Equipment ETF (159583.SZ) rising over 120% [1] - Resource-related ETFs, known for their anti-inflation properties, also performed well, with Mining ETF (561330.SH), Non-ferrous Mining ETF (159690.SZ), and Industrial Non-ferrous ETF (560860.SH) all exceeding 100% in gains [1] Performance Rankings - The top-performing ETFs include: - Communication ETF: 125.81% [2] - Communication Equipment ETF: 121.37% [2] - AI-related ETFs: - Entrepreneurial Board AI ETF (Guotai): 106.42% [2] - Entrepreneurial Board AI ETF (Southern): 105.44% [2] - Entrepreneurial Board AI ETF (Huabao): 105.01% [2] - Mining ETF: 106.11% [2] - Non-ferrous Mining ETF: 102.69% [2] - Industrial Non-ferrous ETF: 100.38% [2]

Core Viewpoint - The major Chinese banks, including Industrial and Commercial Bank of China, Agricultural Bank of China, Bank of China, China Construction Bank, and Bank of Communications, announced that starting from January 1, 2026, they will pay interest on the balances of digital RMB real-name wallets at the same rate as their demand deposit rates, with interest calculation rules consistent with those for demand deposits [1][3][4][7][10]. Group 1 - Industrial and Commercial Bank of China will apply the demand deposit rate for interest on digital RMB wallet balances starting January 1, 2026 [3]. - Agricultural Bank of China will also implement the same interest payment policy for digital RMB wallets from January 1, 2026 [4][6]. - Bank of China will follow suit, applying the demand deposit rate for digital RMB wallet balances effective January 1, 2026 [7][10]. Group 2 - China Construction Bank will pay interest on digital RMB wallet balances at the demand deposit rate starting January 1, 2026 [10]. - Bank of Communications will apply the demand deposit rate for interest on various types of digital RMB wallets, except for the fourth category personal wallets, which will not earn interest [10].