今日截至10点00，科创人工智能ETF华夏（589010）上涨0.34%。持仓股方面，30只成分股有25只 飘红，迎来普涨行情。澜起科技领涨2.97%，天准科技、凌云光双双上涨超2%，奥普特、石头科技等跟 涨。流动性方面，盘中换手6.04%，成交金额达450万元，量能释放节奏稳定。 消息方面，联想的三大主营业务集团都把握住了AI带来的结构性增长机遇：IDG智能设备业务集团 实现营收973亿元，同比增长17.8%，其中PC业务创下15个季度以来最快增速；ISG基础设施方案业务集 团营收实现35.8%的增长；SSG方案服务业务集团收入增长19.8%至163亿元，运营利润率达22.2%。 【免责声明】本文仅代表作者本人观点，与和讯网无关。和讯网站对文中陈述、观点判断保持中立，不对所包含内容 的准确性、可靠性或完整性提供任何明示或暗示的保证。请读者仅作参考，并请自行承担全部责任。邮箱： news_center@staff.hexun.com 每日经济新闻 （责任编辑：董萍萍 ） 长城证券认为，AI大算力浪潮催生新动能，芯片国产替代坚定推进，重点关注AI产业链相关公司 及"龙头低估"&"困境反转"企业。1）国产AI服务 ...

"新财年以来已突破85万台，几乎接近去年全年的销量。"刘军称，AI PC已经成为联想中国区业绩增长的重要驱动力。其他AI终端上，联想AI手机和AI平板 同样实现规模增长，其中AI手机营收同比增长92%，消费平板营收同比增长105%。 财报数据显示，上个财季天禧的用户周活率持续提升，在AI PC终端的平均用户周活率已高达40%，同时用户净推荐值（NPS）超过40%。此外，基于天禧 个人超级智能体的生态也在不断发展，已有超过2000家生态伙伴提供各种算力、智能体应用等服务。 得益于天禧的加持，联想的多种AI终端在中国市场表现亮眼。其中，联想AI PC上个财年的销量达到100万台之后，首个财季加速增长。 【环球网科技报道 记者 林迪】"基于端云混合的架构，天禧加速实现从设备智能到个人智能的飞跃。"8月14日，在联想集团2025/26财年第一季度（2025年4 月-6月）业绩媒体沟通会上，联想集团执行副总裁兼中国区总裁刘军在分享"一体多端"策略新进展时这样表示。 今年5月，联想在其创新科技大会上正式发布天禧个人超级智能体，即"一体"；6月上线联想个人云之后，天禧升级为端云一体混合架构。 "天禧第一代基于终端设备，第二 ...

【环球网科技报道 记者 林迪】8月14日，联想集团发布2025/26财年第一季度业绩报告。财报数据显 示，联想集团第一季度整体营收达1362亿人民币，同比增长22%，创下历史同期新高。非香港财务报告 准则下净利润同比增长22%，达28.16亿元人民币。所有主营业务营收全部实现大双位数的高速增长， 非PC业务营收占比升至47%，业务结构持续优化。 联想集团董事长兼CEO杨元庆在媒体沟通会上直言："所有主营业务均实现双位数增长，我们兑现了'市 场份额不掉、盈利不减'的承诺。" 杨元庆将业绩飙升的首要原因锁定为"人工智能带来的前所未有的增长机遇"。据他介绍，在终端侧，中 国市场提前完成既定目标：严格定义的AI PC（含GPU、NPU、预装大模型及安全机制）已占中国区笔 记本销量30%，周活用户比例突破40%。"AI PC换机潮大大超前我们预判。"杨元庆表示，现在，每卖3 台电脑就有1台AI PC，未来AI PC渗透率将继续推高至50%以上。 财报显示，在服务器侧，AI基础设施成为联想ISG 36%增速的核心引擎。上季度AI服务器收入同比大涨 155%，带动ISG整体规模四年扩张四倍至160亿美元。中国区服务器收入激 ...

天眼查资料显示，联想（北京）有限公司，成立于1992年，位于北京市，是一家以从事计算机、通信和 其他电子设备制造业为主的企业。企业注册资本565000万港元。通过天眼查大数据分析，联想（北京） 有限公司共对外投资了107家企业，参与招投标项目5000次，财产线索方面有商标信息1751条，专利信 息5000条，此外企业还拥有行政许可238个。 本文源自：金融界 作者：情报员 金融界2025年8月15日消息，国家知识产权局信息显示，联想（北京）有限公司取得一项名为"一种参数 配置方法及装置"的专利，授权公告号CN113900738B，申请日期为2021年10月。 ...

金融界2025年8月15日消息，国家知识产权局信息显示，联想（北京）有限公司申请一项名为"一种控制 方法和电子设备"的专利，公开号CN120491875A，申请日期为2025年03月。 专利摘要显示，本申请提供了一种控制方法和电子设备，该方法包括：检测到针对第一应用标识和第二 应用标识的目标手势，显示包括第一操作选项和第二操作选项的目标窗口，第一操作选项指示针对第一 应用标识和第二应用标识的第一合并属性，第二操作选项指示针对第一应用标识和第二应用标识的第二 合并属性，第一合并属性与第二合并属性不同；响应对第一操作选项的选择操作，生成满足第一合并属 性的第一组合窗口；响应对第二操作选项的选择操作，生成满足第二合并属性的第二组合窗口，第一组 合窗口与第二组合窗口不同。 本文源自：金融界 作者：情报员 天眼查资料显示，联想（北京）有限公司，成立于1992年，位于北京市，是一家以从事计算机、通信和 其他电子设备制造业为主的企业。企业注册资本565000万港元。通过天眼查大数据分析，联想（北京） 有限公司共对外投资了107家企业，参与招投标项目5000次，财产线索方面有商标信息1751条，专利信 息5000条，此外企业 ...

21世纪经济报道记者孔海丽 北京报道 联想可能是兑现AI价值最明显的公司之一。 8月14日，联想集团发布截至2025年6月30日的2025/26财年第一季度财报，当季营收同比增长22%至 1362亿元，创第一财季历史新高；非香港财务报告准则下净利润同比增长22%，达28.16亿元，按照香 港财务报告准则计算则实现翻番，达到36.6亿元；所有业务以及大区均实现双位数增长。 与此同时，全球范围内AI产业正在步入"价值兑现期"，微软的AI技术推动多个业务实现突破性增长， Meta的AI显著提升了其核心广告业务。 联想则是东方AI价值兑现的代表，三大主营业务集团都把握住了AI带来的结构性增长机遇：IDG智能设 备业务集团实现营收973亿元，同比增长17.8%，其中PC业务创下15个季度以来最快增速；ISG基础设施 方案业务集团营收实现35.8%的增长；SSG方案服务业务集团收入增长19.8%至163亿元，运营利润率达 到22.2%。 得益于多元化增长引擎持续加速，联想集团本财季非PC业务营收占比进一步提升至47%，驱动其增长 结构更均衡。 据郑孝明透露，近期华尔街对联想的PE估值已经在拉高。"联想的AI战略、AI含量 ...

Core Viewpoint - Lenovo Group emphasizes its commitment to research and development (R&D) as a key investment strategy to seize growth opportunities in the artificial intelligence (AI) sector, with a notable increase in R&D spending and innovative product developments [1][2]. R&D Investment - In the first quarter of the fiscal year 25/26, Lenovo's R&D expenditure rose by 10% year-on-year to $524 million, with the R&D team nearing 20,000 employees, accounting for 28% of the total workforce [1][2]. - Continuous R&D investment is seen as crucial for maintaining technological leadership and capitalizing on structural growth opportunities in both personal and enterprise AI markets [2]. Product Innovation - Lenovo has transitioned its innovative rollable screen PC from concept to mass production, enhancing multitasking efficiency through dynamic screen size adjustments [2]. - The company has also completed engineering validation for a solar-powered concept device, achieving over 30% improvement in battery life, which supports future mobile AI computing [2]. - The Neptune liquid cooling technology iteration provides 100% heat dissipation for AI servers, allowing high-density computing without dedicated air conditioning [2]. Strategic Partnerships - Lenovo is advancing its strategy in the Middle East, particularly through its partnership with Alat, which involves local production capabilities for PCs, servers, and potentially smartphones [4]. - Alat has invested $2 billion in Lenovo, marking a significant collaboration that aligns with Saudi Arabia's Vision 2030, enhancing Lenovo's market position in the region [4]. Market Focus and Resilience - The company remains focused on executing its strategic goals, prioritizing market share and profitability amidst global AI demand surges and macroeconomic challenges [5]. - Lenovo's robust global supply chain and manufacturing setup are key to sustaining growth and reinforcing its competitive edge in a changing market environment [5].

Core Viewpoint - Lenovo Group emphasizes its commitment to R&D investment as a core strategy for advancing in the mixed AI era, with a notable increase in R&D spending and innovative product developments [2][4]. R&D Investment - In the first quarter of the fiscal year 25/26, Lenovo reported a 10% year-on-year increase in R&D investment, totaling $524 million, with the R&D team nearing 20,000 employees, representing 28% of the total workforce [1][2]. - The sustained R&D investment is aimed at driving AI technology innovation and solidifying Lenovo's leadership in commercial, consumer, and gaming PC sectors, as well as the new Windows AIPC category [2]. Product Innovations - Lenovo has transitioned its industry-first rollable screen PC from concept to mass production, enhancing multitasking efficiency through dynamic screen size expansion [2]. - A concept device utilizing advanced solar technology has completed engineering validation, achieving over 30% improvement in battery life, providing a green solution for future mobile AI computing [2]. - The Neptune liquid cooling technology iteration offers 100% heat dissipation capability for AI servers, allowing high-density computing without dedicated air conditioning [2]. Strategic Partnerships - Lenovo has established a strategic partnership with Alat E-NET in the Middle East, being the only company to localize production and build manufacturing capabilities in the region, with factory construction ahead of schedule [4]. - Alat E-NET has invested $2 billion in Lenovo, marking a significant investment in the global high-tech sector, second only to Uber [4]. - This partnership is expected to open vast opportunities for Lenovo in the server, AI, and mobile sectors, leveraging locally produced products to serve the Middle Eastern market [4]. Market Focus and Resilience - Lenovo remains focused on executing its strategic goals, concentrating on market share and profitability amidst global AI demand surges and changing macroeconomic conditions [5]. - The company's leading global supply chain and manufacturing layout provide strong support for sustainable growth and enhance its resilience in adapting to market changes [5].

Core Insights - Lenovo Group reported a 10% year-on-year increase in R&D investment, reaching $524 million in the first quarter of the 25/26 fiscal year, with the R&D team nearing 20,000 employees, accounting for 28% of the total workforce [1] R&D Investment and AI Innovation - Continuous R&D investment is central to Lenovo's strategy in the hybrid AI era, reinforcing its technological leadership and enabling the company to seize structural growth opportunities in personal and enterprise AI [2] - The company has transitioned its innovative rollable screen PC from concept to mass production, enhancing multitasking efficiency through dynamic screen size expansion [2] - Advanced solar technology devices have completed engineering validation, improving battery life by over 30%, providing a green solution for future mobile AI computing [2] - The Neptune liquid cooling technology iteration offers 100% heat dissipation for AI servers, allowing clients to operate high-density computing without dedicated air conditioning [2] - A next-generation large language model training server is expected to launch in the second half of 2025, targeting global cloud service providers and enterprise clients, strengthening Lenovo's competitive edge in the high-growth AI market [2] Strategic Direction and Product Differentiation - Lenovo's innovation initiatives exemplify its strategic direction of enhancing product performance, design aesthetics, and practical application scenarios, thereby reinforcing its diversified product portfolio's differentiation advantage [3] Middle East Strategy - Lenovo is the only company establishing localized production and manufacturing capabilities in the Middle East, with construction progress ahead of schedule, covering PCs, servers, and potentially smartphones [4] - The partnership with Alat E-Nait includes a $2 billion investment, marking Alat's second-largest investment in the global high-tech sector after Uber, and signifies Lenovo's first introduction of a convertible stockholder with over 10% stake [4] - Lenovo's PC business is already the market leader in the region, and the strategic partnership is expected to open significant opportunities in servers, AI, mobile, and services, allowing Lenovo to leverage locally produced products to serve the Middle East [4] Market Focus and Resilience - In response to the global surge in AI computing demand and changing macroeconomic challenges, Lenovo remains focused on strategic execution, market share, and profitability [5] - The company's leading global supply chain and manufacturing layout provide strong support for sustainable growth, further consolidating its competitive advantage and enhancing resilience in adapting to market changes [5]

Short Selling Ratios - Great Wall Motor-R (82333) has the highest short selling ratio at 100.00% [1][2] - JD Health-R (86618) follows with a short selling ratio of 93.03% [1][2] - Hang Seng Bank-R (80011) ranks third with a short selling ratio of 87.90% [1][2] Short Selling Amounts - Tencent Holdings (00700) leads in short selling amount with 3.137 billion [1][2] - Alibaba-SW (09988) has a short selling amount of 1.475 billion [1][2] - Ping An Insurance (02318) follows with a short selling amount of 1.396 billion [1][2] Deviation Values - Geely Automobile-R (80175) has the highest deviation value at 48.86% [1][2] - Hang Seng Bank-R (80011) has a deviation value of 42.65% [1][2] - Lenovo Group-R (80992) ranks third with a deviation value of 34.46% [1][2]