证券之星消息，1月28日摩托车及其他板块较上一交易日下跌2.44%，千里科技领跌。当日上证指数报收 于4151.24，上涨0.27%。深证成指报收于14342.9，上涨0.09%。摩托车及其他板块个股涨跌见下表： 从资金流向上来看，当日摩托车及其他板块主力资金净流出1.02亿元，游资资金净流入6294.55万元，散 户资金净流入3892.7万元。摩托车及其他板块个股资金流向见下表： | 代码 | 名称 | 主力净流入(元) | 主力净占比 游资净流入(元) | | 游资净占比 散户净流入(元) | | 散户净占比 | | --- | --- | --- | --- | --- | --- | --- | --- | | 603529 爱玛科技 | | 888.72万 | 4.56% | -551.59万 | -2.83% | -337.13万 | -1.73% | | 603787 新日股份 | | 561.49万 | 5.21% | 349.87万 | 3.24% | -911.36万 | -8.45% | | 920058 华洋赛车 | | 453.92万 | 23.01% | -361.12万 | -1 ...

Core Viewpoint - The appointment of Yin Qi as the chairman of Jiyue Xingchen marks a significant strategic move in the AI industry, aiming to enhance the company's competitive edge and commercial viability in the rapidly evolving large model sector [1][2][8]. Group 1: Leadership Changes - Yin Qi has been appointed as the chairman of Jiyue Xingchen, responsible for overall strategic direction and technology [1]. - Yin Qi is also the chairman of Qianli Technology, bringing extensive experience in AI and automotive integration [1][3]. - The new management team includes CEO Jiang Daxin, Chief Scientist Zhang Xiangyu, and CTO Zhu Yibo, indicating a strong leadership structure [1]. Group 2: Financing and Market Position - Jiyue Xingchen completed over 5 billion RMB in B+ round financing, setting a record for single financing in China's large model sector in the past 12 months [1][2]. - The company is transitioning from a financing race to a phase of value realization, with increasing market attention on the "AI Six Little Tigers" [1][8]. Group 3: Strategic Focus - The company aims to become one of the best in the foundational model field in China, focusing on the integration of AI and terminal applications [5][6]. - Jiyue Xingchen has developed three generations of foundational models and has partnered with major smartphone brands and automotive companies to implement AI functionalities [6][7]. Group 4: Commercialization Efforts - Yin Qi's dual role is expected to enhance the commercialization of AI technologies, with a focus on strategic direction and specific projects [7]. - The company is working on a complete chain from foundational models to productization and market implementation, particularly in automotive and mobile sectors [7][8]. Group 5: Future Outlook - Jiyue Xingchen's revenue is projected to reach 1 billion RMB in 2025, indicating strong growth potential [8]. - The company remains optimistic about future financing opportunities but has not disclosed specific IPO plans [9][10].

Core Viewpoint - The appointment of Yin Qi as the chairman of Jiyue Xingchen marks a significant strategic shift in the AI industry, particularly in the large model sector, as the company aims to leverage his expertise and resources to enhance its competitive edge and commercial viability [1][2][10]. Group 1: Leadership Changes - Yin Qi, known as a prominent figure in the AI sector, has been appointed as the chairman of Jiyue Xingchen, where he will oversee strategic direction and technological development [1][3]. - Yin Qi's background includes being the chairman of Qianli Technology and a notable entrepreneur from the AI 1.0 era, which positions him as a key asset for the company [1][3][4]. - The new management team will include CEO Jiang Daxin, Chief Scientist Zhang Xiangyu, and CTO Zhu Yibo, indicating a strong leadership structure [1][3]. Group 2: Financing and Market Position - Jiyue Xingchen has successfully completed a B+ round financing of over 5 billion RMB, setting a record for the largest single financing in the Chinese large model sector in the past 12 months [1][2]. - The company is transitioning from a phase of "financing competition" to "value realization," as evidenced by the recent market performance of competitors like MiniMax and Zhipu [1][2][10]. Group 3: Strategic Focus - The company aims to become one of the leading firms in the foundational model space in China, emphasizing a strategy that integrates AI with terminal applications [5][16]. - Jiyue Xingchen has developed three generations of foundational models and has established partnerships with major smartphone brands, achieving a model installation volume exceeding 42 million units [6][16]. - The collaboration with Qianli Technology and Geely to create the AgentOS smart cockpit represents a significant step in applying AI technology in the automotive sector [6][16]. Group 4: Commercialization Efforts - The appointment of Yin Qi is seen as a move to accelerate the commercialization of Jiyue Xingchen's technologies, with a focus on strategic direction and terminal commercialization [7][17]. - The company is working on building a comprehensive "AI + terminal" commercialization system, which includes applications in automotive, mobile, and wearable technologies [7][17]. - Jiyue Xingchen's revenue is projected to reach 1 billion RMB, indicating strong growth potential in the commercial landscape [7][17]. Group 5: Industry Context - The AI large model sector is entering a critical phase of differentiation and commercialization, with increasing pressure on companies to demonstrate their value [8][18]. - The market dynamics are shifting, with larger firms like MiniMax and Zhipu setting the pace, which may lead to accelerated consolidation in the industry [8][18]. - The competitive landscape is evolving, and companies must adapt to focus on both technological advancements and commercial viability to succeed [8][18].

Core Insights - The appointment of Yin Qi as the chairman of Jiyue Xingchen marks a strategic shift in the company, aiming to enhance its competitive edge in the AI industry [1][2] - Jiyue Xingchen has successfully completed a B+ round financing of over 5 billion RMB, setting a record for single financing in the Chinese large model sector over the past year [1][2] - The company is transitioning from a financing race to a phase focused on value realization, with increasing market attention on the "AI Six Little Tigers" [1] Company Developments - Yin Qi, known for his extensive experience in AI and automotive integration, will lead the strategic direction and technical focus of Jiyue Xingchen alongside the CEO and other key executives [1][2][6] - The company aims to become one of the best in the foundational model field in China, emphasizing the integration of AI with terminal applications [7][10] - Jiyue Xingchen has released three generations of foundational models and has established partnerships with major smartphone brands and automotive companies, achieving significant market penetration [7][11] Market Context - The AI large model sector is entering a critical phase of commercialization, with companies needing to prove their value beyond just technological competition [12] - The recent IPOs of competitors like MiniMax and Zhipu have intensified market competition, pushing smaller firms to adapt or face increased pressure [11][12] - The industry is expected to see accelerated consolidation, with a focus on vertical markets and innovative technologies as investors seek more targeted opportunities [11][12]

Market Overview - The motorcycle and other sectors experienced a slight decline of 0.02% on January 26, with Zhenghe Industrial leading the drop [1] - The Shanghai Composite Index closed at 4132.61, down 0.09%, while the Shenzhen Component Index closed at 14316.64, down 0.85% [1] Stock Performance - Key stocks in the motorcycle sector showed varied performance, with Qianli Technology rising by 4.35% to a closing price of 12.00, while Zhenghe Industrial fell by 4.55% to 70.35 [2][1] - Other notable declines included Taotao Vehicle down 4.20% to 211.38 and Yong'an Xing down 3.92% to 18.63 [2] Trading Volume and Value - Qianli Technology had a trading volume of 957,100 shares, resulting in a transaction value of approximately 1.145 billion [1] - Zhenghe Industrial recorded a trading volume of 22,500 shares with a transaction value of around 160 million [2] Capital Flow Analysis - The motorcycle and other sectors saw a net outflow of 10.85 million from main funds, while retail investors experienced a net outflow of 29.69 million [2] - Conversely, speculative funds recorded a net inflow of 40.55 million [2] Individual Stock Capital Flow - Qianli Technology had a main fund net inflow of 37.42 million, while retail investors saw a net outflow of 42.08 million [3] - Zhenghe Industrial experienced a significant main fund net outflow of 24.62 million, indicating a bearish sentiment [3]

（原标题：手握最强AI大脑，千里科技打响智能汽车"含模量"战役） 1月26日，大模型领军企业阶跃星辰正式官宣，由印奇出任公司董事长 。这一任命不仅标志着这位跨越 AI双时代的领军人物正式完成其"AI+终端"的战略拼图，更预示着中国版"AI+终端"航母已然起航，加 速推动大模型能力向物理世界的深度渗透 。 据了解，阶跃星辰已顺利完成近50亿人民币的B+轮融资，资金将倾力投入全球领先的基座模型研发， 旨在通过终端Agent的落地，探索AI与硬件融合的新形态。印奇此番同时掌舵阶跃星辰与千里科技，不 仅是两家企业的深度战略接轨，更意味着一个打通底层算法到规模化应用的全链路"Physical AI"体系正 式成型 。 从传感器研究到Physical AI的战略合围 印奇的创业叙事，是一场关于"Physical AI"的长期主义长征。从2011年创办旷视科技起，他便坚持AI的 终极价值在于对物理世界的重构。在早期算法为王的时代，他逆流而上，主张算法必须依附于硬件载体 方能转化为商业价值。从清华姚班到哥大博士，这种"让AI作用于现实"的思维火种始终闪耀。 生态进化，以"含模量"构建差异化技术护城河 "千里+阶跃"战略闭环的 ...

Core Insights - The "Big Model War" is reaching a critical point, with limited opportunities remaining for differentiation among foundational model companies. Shanghai-based Jiyue Xingchen has announced its strategy to stand out in this competitive landscape [2] Group 1: Leadership and Strategic Direction - Jiyue Xingchen appointed Yin Qi as chairman to oversee overall strategic direction and technology development, who is also the chairman of publicly listed Qianli Technology [2] - The collaboration between Jiyue Xingchen and Qianli Technology aims to accelerate the implementation of the "AI + Vehicle" strategy, with Jiyue focusing on developing the AI Brain and Qianli on the terminal carrier [2] Group 2: Financing and Growth - Jiyue Xingchen completed a B+ round financing exceeding 5 billion RMB, setting a record for the largest single financing in China's big model sector in the past 12 months [4] - The financing round included participation from various institutional investors and will be used for foundational model research and to accelerate the AI + terminal strategy [4] Group 3: Model Development and Applications - Jiyue Xingchen's long-term strategy focuses on foundational large models and AI + terminal integration, having developed a core matrix of 1+2, which includes language foundational models and multimodal capabilities [5] - The company has released three generations of foundational models and aims to deploy its first truly deployable GUI open-source model by December 2025, supporting multi-terminal deployment [5] Group 4: Market Penetration and Performance - In the consumer market, Jiyue Xingchen has established deep partnerships with 60% of leading smartphone brands in China, achieving over 42 million model installations and serving nearly 20 million users daily [5] - In the automotive sector, Jiyue Xingchen has collaborated with Qianli Technology and Geely to launch the first end-to-end voice model in the AgentOS smart cockpit, with the Geely Galaxy M9 selling nearly 40,000 units within three months [6] Group 5: Leadership Background and Vision - Yin Qi, a veteran entrepreneur and co-founder of Megvii, aims to leverage his experience to enhance the integration of AI models across industries, emphasizing the importance of models in the AI sector [8] - Qianli Technology, originally a traditional manufacturer, has transformed into a smart driving technology company, with significant strategic and capital restructuring in recent years [8][9] Group 6: Financial Performance - Qianli Technology's automotive sales grew nearly 84% year-on-year, with revenue reaching 6.9 billion RMB in the first three quarters of 2025 [9] - The company has submitted an application for a Hong Kong IPO to expand its financing channels for future growth [9]

本文字数：943，阅读时长大约1.5分钟 作者 | 第一财经 吕倩 印奇在AI大模型创业公司阶跃星辰的身份终于得以亮明。1月26日，阶跃星辰官方宣布，经董事会批 准，印奇出任董事长职务。 2026.01. 26 同时，阶跃星辰宣布完成约50亿元人民币B+轮融资，本轮融资将投入基础大模型研发，加速探索 AI+终端创新产品形态，推进终端Agent 应用落地。 印奇是AI1.0时代"四小龙"的代表人物。2011 年，他创立旷视科技，多次上市受阻后，2024年11月 14日，中国证监会决定终止旷视科技公开发行股票并在科创板上市注册程序。印奇也正式投身到2.0 时代的AI创业。 从技术脉络上来看，印奇持续看好AI与硬件的连接。他认为，当前的智能终端本质是"APP容器"，用 户需要在不同APP间手动切换、传递信息，才能完成一个复杂目标。而下一代终端将进化为"主动智 能体"，能持续学习用户习惯与偏好，理解上下文与潜在意图，主动整合信息与服务。 表现在载体上，智能汽车、手机，乃至尚未被定义的硬件，都可能成为具有认知与执行能力的智能伙 伴。印奇认为，这正是英伟达如此强调"物理AI"重要性的深意——AI必须理解并作用于物理世界， ...

Core Viewpoint - AI startup Jieyue Xingchen has appointed Yin Qi, chairman of Qianli Technology, as its new chairman to oversee strategic direction and technology development [1] Group 1: Company Leadership and Strategy - Yin Qi has been involved with Jieyue Xingchen since its establishment in April 2023 and believes that large models align with the pursuit of AGI (Artificial General Intelligence) [1] - The company aims to become one of the leading firms in China's foundational model sector and achieve a commercial closed loop [1] - Key focuses for the company under Yin Qi's leadership include enhancing research and development, improving organizational effectiveness, and increasing talent density [1] Group 2: Technical Focus and Development - Jieyue Xingchen will concentrate on three main technical directions: enhancing the intelligence level of foundational models, promoting multimodal integration of text, speech, and images, and developing visual language action models for better synergy between the brain and execution devices [1] - The company plans to advance from Step 3.5 to Step 4 in model iteration [1]

Group 1 - The core viewpoint of the news is that Yin Qi has been appointed as the chairman of StepFun, which will enhance the company's strategic direction and technological focus [1] - StepFun's long-term strategic choices include "foundation large models" and "AI + terminals," indicating a commitment to these areas for future growth [1] - StepFun has completed a B+ round financing exceeding 5 billion RMB, setting a record for the largest single financing in China's large model sector in the past 12 months [3] Group 2 - The financing round involved participation from various institutional investors, including State Investment Fund, China Life Equity, and others, with existing shareholders like Tencent and Qiming further investing [3] - StepFun's funding will be utilized for foundational model research and to accelerate the implementation of the AI + terminal strategy [3] - Geely Holding Group is a major shareholder of Qianli Technology and has integrated its autonomous driving business into Qianli, positioning it as the core platform for the group's future smart driving technology [5]