行业方面，近日，阿里巴巴更新了开源千问3推理模型，在通用能力和深度思考能力上实现显著提升。 千问3推理模型支持256K上下文长度，在知识、编程、数学、人类偏好对齐、创意写作、多语言能力等 核心能力上，可比肩Gemini-2.5 pro、o4-mini等闭源模型，并创下全球开源模型的最佳性能表现。此 外，上海人工智能基础大模型代表公司阶跃星辰发布了新一代基础大模型Step3。阶跃星辰创始人、 CEO姜大昕在发布会上介绍，Step3主打多模态推理能力，通过系统和架构创新，推理效率创行业新 高。Step3大模型计划在7月31日向全球开源。 AI应用概念31日盘中强势上扬，截至发稿，易点天下（301171）20%涨停，慧博云通（301316）涨超 16%，用友网络（600588）、南兴股份（002757）亦涨停，三六零（601360）、值得买（300785）等涨 超8%。 中信建投（601066）证券指出，阿里Qwen模型三连开源，阶跃星辰新一代多模态推理基础模型Step3大 幅提升推理效率，国产模型能力持续向上。海外AI Coding赛道火热，GitHub Copilot 2024年12月约实现 4亿ARR，Cur ...

Group 1 - The China Industrial and Information Technology Ministry has deployed key tasks for the second half of the year, emphasizing the promotion of "AI + manufacturing" actions and strengthening foundational research and key application scenarios [2] - Several state-owned enterprises have initiated actions in line with the ministry's directives, including the establishment of the AI + New Industrialization Innovation Research Institute by China Mobile and the launch of an integrated AI service platform by China Telecom [2] - The national-level AI platform "Huanxin Community" was introduced to promote the maturity of domestic AI technologies and industry ecosystems, aggregating data sets from 13 industries and opening up 40 high-value strategic AI scenarios from 16 state-owned enterprises [2] Group 2 - The Xinchuang ETF (562570) has seen a strong increase of 1.65% as of July 31, with constituent stocks such as Yonyou Network rising by 10.03% and 360 by 6.20% [1] - The Xinchuang ETF (562570) has experienced significant growth in scale, with an increase of 229 million yuan and a rise of 15.9 million shares over the past three months [1][3] - The Xinchuang ETF (562570) tracks the CSI Information Technology Application Innovation Industry Index, focusing on leading companies in AI, data computing, industrial software, and information security [3]

智通财经APP获悉，高盛发布研报称，对覆盖范围内的9家软件公司2025年的情况进行了预览。总体而 言，高盛预计随着客户订单势头改善，2025年的收入增长将较2024年有所恢复，但某些领域(如建筑业) 的信息技术支出仍将面临短期压力。该行预计2025年利润仍将疲软，但得益于运营效率提升和人员优 化，2025年下半年利润增长可能会有所改善。推荐买入金山办公(688111.SH)、金蝶国际(00268)、用友 网络(600588.SH)。 在高盛看来，即将到来的财报季应重点关注以下关键问题：1)人工智能产品升级(如人工智能代理的进 展)及monetization情况;2)2025年下半年客户信息技术支出/项目前景;3)人员规划;4)新业务机会(如垂直领 域拓展、非中国市场)。高盛仍然青睐那些在人工智能monetization方面起步较早、经常性收入占比较高 且现金流健康的优质公司。 ...

Core Insights - The article highlights the top 20 stocks with significant capital inflow as of July 31, with Tianfeng Securities leading at 787 million yuan [1] Group 1: Capital Inflow - Tianfeng Securities received an inflow of 787 million yuan [1] - Nord Shares followed with an inflow of 743 million yuan [1] - Yidian Tianxia attracted 700 million yuan in capital [1] - Yongyou Network saw an inflow of 679 million yuan [1] - 360 Technology had an inflow of 668 million yuan [1] - Cambridge Technology received 645 million yuan [1] - Inspur Information attracted 603 million yuan [1] - XD Industrial Wealth saw an inflow of 590 million yuan [1] - Leo Holdings received 566 million yuan [1] - Changying Precision attracted 514 million yuan [1] - Tianfu Communication saw an inflow of 432 million yuan [1] - Cambrian AI received 415 million yuan [1] - Great Wall Military Industry attracted 405 million yuan [1] - Nanxing Shares saw an inflow of 338 million yuan [1] - Kunlun Wanwei received 303 million yuan [1] - Zhongji Xuchuang attracted 299 million yuan [1] - Shenghong Technology saw an inflow of 294 million yuan [1] - Hengbao Shares received 292 million yuan [1] - BlueFocus Communication attracted 271 million yuan [1] - Jiechang Drive saw an inflow of 249 million yuan [1]

截至2025年7月31日午间收盘，中证人工智能产业指数(931071)强势上涨2.92%，成分股用友网络(600588)10cm涨停，三六零(601360)上涨9.12%，奥比中光 (688322)上涨9.11%，深信服(300454)，中际旭创(300308)等个股跟涨。人工智能ETF(515980)半日收涨2.77%。 截至7月30日，人工智能ETF近1年净值上涨58.49%，指数股票型基金排名294/2941，居于前10.00%。从收益能力看，截至2025年7月30日，人工智能ETF自成 立以来，最高单月回报为30.38%，最长连涨月数为3个月，最长连涨涨幅为43.97%，上涨月份平均收益率为6.80%。截至2025年7月30日，人工智能ETF近3 个月超越基准年化收益为21.13%。 人工智能ETF紧密跟踪中证人工智能产业指数，中证人工智能产业指数从为人工智能提供基础资源、技术以及应用支持的公司中，根据人工智能业务占比、 成长水平和市值规模构建指标体系，选取50只最具代表性上市公司证券作为指数样本，以反映人工智能产业上市公司证券的整体表现。 数据显示，截至2025年6月30日，中证人工智能产业指数(9 ...

Group 1 - Goldman Sachs forecasts a recovery in revenue growth for 2025 among nine covered software companies, driven by improved customer order momentum, although certain sectors like construction may still face short-term IT spending pressures [1] - Profit for 2025 is expected to remain weak, but improvements in operational efficiency and workforce optimization may lead to profit growth in the second half of 2025 [1] - Recommended stocks include Kingsoft Office (688111.SH), Kingdee International (00268), and Yonyou Network (600588.SH) [1] Group 2 - Key issues to monitor in the upcoming earnings season include advancements in AI product upgrades and monetization, customer IT spending outlook for the second half of 2025, workforce planning, and new business opportunities in vertical markets and outside of China [1] - Preference is given to companies that have made early strides in AI monetization, possess a high proportion of recurring revenue, and maintain healthy cash flow [1]

截至2025年7月31日 10:42，中证软件服务指数强势上涨1.39%，成分股用友网络10cm涨停，三六零上涨 5.83%，深信服上涨4.68%，金山办公、卫宁健康等个股跟涨。软件ETF(159852)上涨1.30%。 2025年世界人工智能大会（WAIC）展示了计算机和软件开发行业的显著进展。算力侧方面，国产厂商 加速崛起，部分企业推出高性能GPU及服务器产品，网络架构持续升级，展示了超节点方案。模型侧， 主流大模型从传统LLM向多模态演进，模型应用加速从Chatbot迈向Agent时代，部分企业发布智能体产 品。终端应用领域，具身智能、智能驾驶和智能终端产品纷纷亮相。WAIC作为产业风向标，推动了AI 产业链持续景气，技术创新和应用落地加速。 平安证券认为，在当前全球AI大模型领域竞争依然白热化背景下，国产开源模型、国产AI大模型应用 的国际竞争力正在持续提升。我国国产大模型的持续迭代升级以及大模型应用的普及，将带来对AI算 力在训练端及推理端的持续旺盛需求，从而拉动我国AI算力市场持续高景气。我们坚定看好我国AI产 业的未来发展，建议关注AI主题的投资机会。 数据显示，截至2025年6月30日，中证软 ...

| 36 | | 阿里巴巴 | 2799.92 | | | --- | --- | --- | --- | --- | | 4 | | 小米集团-W | 1763.96 | | | 5 | | 拼多多 | 1603.06 | | | | 網易 | 网易 | 825.18 | 11 | | 7 | | 东方财富 | 520.85 | II | | 8 | | 中芯国际 | 516.85 | | | --- | --- | --- | --- | --- | | 9 | | 京东 | 457.68 | | | 10 | | 快手-W | 409.34 | | | II | | 腾讯音乐 | 326.82 | | | 12 | Bal Car | 目度 | 295.44 | | | 13 | | 理想汽车 | 283.13 | | | 14 | | 贝壳 | 221.36 | | | 15 | | 同花顺 | 218.78 | | | 16 | | 小鹏汽车 | 171.87 | | | 17 | | 中通快递 | 159.79 | | | 18 | | 科大讯飞 | 157.13 | | | 19 | | 蔚来 ...

智通财经7月31日电，受AI硬件股大涨带动，AI应用股跟随走强，易点天下、值得买双双涨超10%，用 友网络涨停，鼎捷数智、三六零涨超5%，福昕软件、拓尔思、新致软件等跟涨。消息面上，据不完全 统计，大模型应用的个人用户注册总数已超过31亿，API调用用户总数超过1.59亿。 AI应用股逆势活跃 易点天下、值得买双双涨超10% ...

Group 1 - The core viewpoint of the news highlights the active performance of the Xinchang ETF fund (562030) in the software development sector, with significant gains in constituent stocks such as Youfu Network and 360, indicating a positive market sentiment in the sector [1] - China Unicom has initiated a bidding process for general server procurement, with a projected domestic production ratio exceeding 90% by 2025, reflecting a notable increase from previous levels [1] - The Xinchang sector is experiencing a recovery in demand, with both the number and scale of tenders showing positive growth on a month-over-month basis [1] Group 2 - The Xinchang industry is progressing steadily under a "2+8+N" framework, transitioning from policy-driven to a dual-driven approach of policy and market, with significant market growth expected in the coming years [2] - The market scale is projected to grow at rates of 17.84% and 26.82% in 2025 and 2026 respectively, with the market size expected to exceed 2.6 trillion yuan by 2026 [2] - The expansion of special national bonds and the implementation of debt reduction plans are providing financial support for Xinchang procurement, further solidifying the replacement rhythm [2] Group 3 - The Xinchang ETF fund and its linked funds track the CSI Xinchang Index, which encompasses core segments of the Xinchang industry chain, indicating high growth and elasticity characteristics [3] - The investment logic in the Xinchang sector is driven by geopolitical factors, macroeconomic support, technological advancements by domestic manufacturers, and the critical timing of procurement standards [3] - As of June 2025, digital currency concept stocks accounted for 15.13% of the CSI Xinchang Index, highlighting the growing relevance of this segment within the broader industry [3]