人工智能AIETF（515070）跟踪CS人工智能主题指数（930713），成分股选取为人工智能提供技术、 基础资源以及应用端个股，聚集人工智能产业链上中游，俗称"机器人"大脑"缔造者"，万物互联"地 基"。前十大权重股包括中际旭创、新易盛、寒武纪-U、中科曙光、科大讯飞、豪威集团、海康威视、 澜起科技、金山办公、紫光股份等国内科技龙头。 （文章来源：每日经济新闻） A股三大指数集体高开，创业板指涨幅扩大至1.8%。板块方面，可燃冰、培育钻石、存储芯片等板块领 涨。截至9:55，人工智能AIETF（515070）涨1.45%，持仓股中际旭创涨5.23%，均胜电子、北京君正、 恒玄科技、新易盛、澜起科技等持仓股纷纷上涨。 消息面上，宇树科技于10月20日正式发布新一代全尺寸仿生人形机器人Unitree H2。该机器人身高180厘 米，体重70公斤，其核心突破在于全身自由度（关节数量）从前代H1的19个大幅提升至31个，增幅达 63%，主要新增关节集中于上肢与躯干，显著增强了其动作的灵活性与精细度。宇树科技创始人王兴兴 表示，H2的发布标志着人形机器人正从"能动的机器"向"能用的伙伴"转型，其设计目标是"为安全和 ...

来源：新浪基金∞工作室 科创50增强ETF（588460）业绩比较基准为上证科创板50成份指数收益率，管理人为鹏华基金管理有限 公司，基金经理为苏俊杰，成立（2022-12-01）以来回报为61.44%，近一个月回报为1.06%。 风险提示：市场有风险，投资需谨慎。本文为AI大模型自动发布，任何在本文出现的信息（包括但不 限于个股、评论、预测、图表、指标、理论、任何形式的表述等）均只作为参考，不构成个人投资建 议。 10月21日，科创50增强ETF（588460）开盘涨0.25%，报1.618元。科创50增强ETF（588460）重仓股方 面，海光信息开盘涨0.20%，中芯国际涨0.95%，寒武纪涨0.00%，澜起科技涨0.85%，金山办公涨 0.42%，思特威涨0.02%，中微公司涨1.24%，恒玄科技涨1.11%，华海清科涨0.79%，九号公司涨 0.75%。 ...

截至2025年10月20日 13:13，中证软件服务指数上涨0.59%，成分股奇安信上涨3.55%，同花顺上涨2.56%，润和软件上涨2.34%，拓维信息上涨2.04%，中科 创达上涨1.95%。软件ETF(159852)上涨0.57%。 截至10月17日，软件ETF近3年净值上涨13.21%。从收益能力看，截至2025年10月17日，软件ETF自成立以来，最高单月回报为39.35%，最长连涨月数为3个 月，最长连涨涨幅为69.40%，上涨月份平均收益率为10.06%。 从资金流入方面，拉长时间看，近5个交易日内有4日资金净流入，合计"吸金"5.37亿元，日均净流入达1.07亿元。 流动性方面，软件ETF盘中换手4.42%，成交2.53亿元。拉长时间看，截至10月17日，软件ETF近1周日均成交7.05亿元，排名可比基金第一。规模方面，软 件ETF最新规模达56.42亿元，位居可比基金第一。 数据显示，截至2025年9月30日，中证软件服务指数前十大权重股分别为科大讯飞、同花顺、金山办公、指南针、恒生电子、润和软件、三六零、拓维信 息、用友网络、深信服，前十大权重股合计占比62.41%。 消息面上，微软近日发 ...

本报记者 何文英 同时，Windows11升级也存在诸多问题。微软特别提醒，部分设备因驱动或软件兼容性问题被实施 了"升级保护阻止"。目前已知的兼容性问题包括：搭载不兼容的Intel Smart Sound Technology音频驱 动、SenseShield代码混淆驱动、部分壁纸定制软件、集成摄像头以及Dirac音效增强软件的设备。这些 设备若强行升级可能导致蓝屏死机或功能异常。 Windows11服务即将到期以及升级问题频发为国产系统提供了差异化突破机会。奥优国际董事长张玥在 接受《证券日报》记者采访时表示："国产软件上市公司应抓住机遇，拓展政府和企业市场，同时注重 用户体验，完善服务支持。" 在微软服务收缩的背景下，国产操作系统正加速发展步伐。工业和信息化部最新数据显示，2025年国产 操作系统市场规模突破800亿元，政务、金融、工业三大领域替代率超70%，其中服务器操作系统国产 化率已达35%。 福州公孙策公关咨询有限公司合伙人詹军豪对《证券日报》记者表示："Windows 11服务进入倒计时将 对国产软件提供黄金窗口。国产操作系统和软件可以借此机会扩大市场份额，提升用户认知度，推动自 主创新。不过 ...

Investment Rating - The industry investment rating is "Positive" (maintained) [1] Core Viewpoints - The report emphasizes the continuous recommendation of domestic investment opportunities due to increasing external technology controls and the ongoing promotion of domestic innovation policies, indicating a clear trend towards self-sufficiency in key technologies [6][13] - The performance of leading domestic computing companies is showing significant revenue growth, validating the trend of domestic industrial development [7][14] Summary by Sections Weekly Perspective - The report highlights the sustained recommendation of domestic investment opportunities, noting a decline in the CSI 300 index by 2.22% and a 5.61% drop in the computer index during the week of October 13-17, 2025 [5][12] Company Dynamics - Haiguang Information reported a revenue of 40.26 billion yuan for Q3 2025, marking a year-on-year growth of 69.60% and a net profit of 759.99 million yuan, up 13.04% [16] - Cambricon Technologies achieved a revenue of 1.727 billion yuan in Q3 2025, with a staggering year-on-year increase of 1332.52%, and a net profit of 567 million yuan, indicating a strong turnaround [14] Investment Recommendations - Key domestic software companies recommended include Kingsoft Office, Dameng Data, and others, while leading domestic computing companies such as Haiguang Information and Sugon are also highlighted for their growth potential [8][15]

Group 1 - The report highlights that national top-level policies are guiding the rapid development of six key areas in "AI+ applications" as outlined in the State Council's opinion released on August 26, 2025 [2][8] - The six key areas include "AI+" in scientific technology, industrial development, consumer quality enhancement, public welfare, governance capabilities, and global cooperation [2][8] - By 2027, it is expected that AI will be widely integrated into these six areas, with the application penetration rate of new intelligent terminals exceeding 70% [9] Group 2 - The report identifies 50 representative stocks across A-shares, Hong Kong stocks, and US-listed Chinese companies that are actively engaged in "AI+ applications" within the six key areas [3] - Key recommended stocks include: - Shuanghuan Transmission (002472.SZ) for AI+ industrialization and intelligent robotics - Orbbec (688322.SH) for AI+ hardware - Shengye (6069.HK) for AI+ supply chain finance [3] - Stocks to watch include: - Xindong Company (2400.HK) for AI+ gaming - Huazhu Gaoke (688433.SH) for AI+ intelligent manufacturing - Guodun Quantum (688027.SH) for AI+ quantum technology [3] Group 3 - The report elaborates on the "AI+" scientific technology direction, which includes accelerating scientific discovery processes, driving innovation in technology research and development models, and innovating social science research methods [12][17][24] - Specific companies mentioned in the "AI+" scientific technology sector include: - iFlytek (002230.SZ) focusing on AI core technology and applications in various fields [13] - Zhongke Shuguang (603019.SH) emphasizing AI-driven digital infrastructure [13] - BGI Genomics (688114.SH) integrating AI into life sciences [13] Group 4 - The "AI+" industrial development direction aims to cultivate new intelligent native models and promote the intelligent transformation of traditional industries [28] - Companies highlighted in this sector include: - Daotong Technology (688208.SH) for AI+ automotive diagnostics [30] - Dingjie Smart (300378.SZ) for AI+ manufacturing digitalization [30] - Huichan Co., Ltd. (688500.SH) for AI+ data intelligence [30] Group 5 - The "AI+" consumer quality enhancement direction focuses on expanding service consumption scenarios and improving the quality of life services [49] - Companies in this area include: - Xindong Company (2400.HK) for AI+ gaming [51] - Giant Network (002558.SZ) integrating AI into core gaming products [51] - Perfect World (002624.SZ) utilizing AI tools in game development [51]

Core Insights - Kingsoft Office signed a strategic cooperation agreement with Oman Telecommunications Company to promote WPS 365 International Edition in Oman, enhancing customer experience in the GCC region through integrated cloud documents, AI, and collaboration capabilities [1] Group 1: Strategic Partnerships - The partnership with Oman Telecommunications is a significant step for Kingsoft Office in its globalization strategy, leveraging AI collaborative office solutions [1] - The collaboration is supported by previous interactions between Middle Eastern tech innovation institutions and Chinese tech companies, establishing a solid foundation for future cooperation [1] Group 2: Market Expansion - Kingsoft Office is actively expanding in the ASEAN market, with WPS Office achieving over 60 million monthly active devices in ASEAN countries and 1.3 million monthly active AI users [2] - The company has localized its products to support five ASEAN languages, enhancing accessibility and user experience [2] Group 3: Global Reach - Kingsoft Office serves users in over 220 countries and regions, with WPS 365 having supported more than 18,000 major government and enterprise clients in China since its launch in April 2024 [2] - The global monthly active device count for WPS Office reached 651 million, with over 200 million devices active outside of China [2] - WPS Office supports 46 languages on mobile and 13 languages on PC, catering to diverse cultural and usage preferences [2]

展会期间，金山办公集中展示了其在数字办公领域的创新成果，并与阿曼电信公司签署战略合作。双方将整合彼此优势，在阿曼面向企业客户推广WPS 365国际版。 记者从金山办公获悉，该公司携旗下WPS 365参展全球最大的科技和创业展会之一GITEX GLOBAL 2025，并借此机遇加速布局中东市场。 GITEX GLOBAL 2025于10月13日至17日在阿联酋迪拜举行。中关村科学城以"聚力科学城，创见新可能"为主题，带领29家海淀区前沿科技企业集中亮相核心展区。 谈及中东市场的布局，姜志强表示，近年来中东科技创新机构频繁与中国科技企业互动，为合作奠定了良好基础。中东地区对智能办公、绿色科技的需求正快速增长，WPS 365不仅能通过协同办 据了解，截至目前，金山办公已为全球220多个国家和地区的用户提供服务。WPS 365是金山办公自主研发的"一站式AI办公平台"，海外版将在年底发布。WPS Office全球月活跃设备数已达 金山办公高级副总裁姜志强表示："这是金山办公首次亮相GITEX，我们希望将WPS 365推向全球市场，为全球用户提供最好用、能力最完善的协同办公产品。" ...

Core Insights - The report highlights the resilience of the A-share market amidst external shocks, indicating a sustained upward trend in the medium term despite recent volatility [4][5] - The banking sector is experiencing a recovery with positive relative returns, driven by improved dividend yields and stable fundamentals [7][8] - The commercial aerospace industry, particularly in rocket technology, presents investment opportunities in engine component suppliers and testing service providers [12][15] Economic News - China's scientists have made significant advancements in solid-state lithium batteries, potentially doubling the range of electric vehicles from 500 km to over 1000 km [2] - The National Development and Reform Commission has launched a three-year plan to double the service capacity of electric vehicle charging facilities by 2027, aiming for 28 million charging stations [2] - TSMC reported a record net profit growth of 39% in Q3 2025, with optimistic projections for the AI market and a capital expenditure increase [2] Company Insights - XPeng Motors achieved a remarkable 79.4% year-on-year increase in exports in September 2025, with total exports exceeding 29,723 units in the first nine months [3] - Tianhao Energy signed an investment agreement for a natural gas development project, enhancing energy security in the Southwest region [3] - Xiaomi launched a new ad-free short drama app, indicating a strategic move into content distribution [3] Banking Sector Analysis - The banking sector's PB valuation stands at 0.67x, indicating a favorable position compared to historical averages, with several banks showing positive stock performance [7][8] - The report anticipates stable net interest income growth due to a stabilization in interest margins and a resilient banking sector despite external pressures [9] - Mid-term dividend announcements from banks are expected to attract long-term capital, enhancing the sector's appeal [10] Commercial Aerospace Industry - The report emphasizes the importance of engine components and testing services in the commercial rocket industry, particularly referencing SpaceX's development of the Falcon 1 rocket [12][15] - Key suppliers in the domestic market, such as Sui Rui New Materials and Guoji Precision, are highlighted for their roles in providing critical components for rocket engines [16]

Core Insights - The event held on October 15 at Zhuhai Jinshan Software Park marked the 37th anniversary of Jinshan Group, featuring a unique sports event that included participation from CEOs of listed companies like Kingsoft Office and Xishanju [1][3][5] Group 1: Event Highlights - The sports event combined traditional competitions with fun games, aimed at enhancing team cohesion and aligning with Kingsoft Office's role as a sponsor of the 15th National Games [7] - The atmosphere was lively, with employees from various business lines forming teams to compete, and executives actively participating rather than just attending as guests [3][5] Group 2: Company Development - Jinshan Group has evolved from software development to three core business segments: office software, digital entertainment, and cloud services, reflecting the growth of the Zhuhai high-tech industry [5] - A recent announcement from the Ministry of Commerce highlighted the use of "WPS format," showcasing the application of domestic office software in key areas, which has garnered significant attention online [9] - The anniversary celebration in Zhuhai is the first of a series of events planned in other cities like Wuhan and Beijing, signaling the company's intent to convey a message of vitality and ongoing relevance in the tech industry [9]