科创ETF（588050）业绩比较基准为上证科创板50成份指数收益率，管理人为工银瑞信基金管理有限公 司，基金经理为赵栩，成立（2020-09-28）以来回报为-5.97%，近一个月回报为-10.05%。 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。 11月27日，科创ETF（588050）开盘涨0.52%，报1.357元。科创ETF（588050）重仓股方面，中芯国际 开盘涨0.97%，海光信息涨1.57%，寒武纪涨3.45%，澜起科技涨0.93%，中微公司涨0.53%，联影医疗涨 0.07%，金山办公跌0.61%，芯原股份涨2.94%，石头科技涨0.49%，传音控股跌0.57%。 来源：新浪基金∞工作室 ...

Core Insights - The article emphasizes that in the AI era, office software transcends being mere tools, evolving into "containers of knowledge," "carriers of digital employees," and "providers of capabilities and services" [1][5][12] AI Integration in Office Software - Since the release of ChatGPT in late 2022 and the rise of DeepSeek in early 2025, AI has been systematically integrated into work and life, with collaborative office software being a key area of penetration [2] - Current large language models have shown significant advantages in content creation and task processing, impacting at least 10% of work tasks for 80% of the U.S. workforce, particularly affecting high-education and knowledge-intensive professions [3] Challenges in AI Adoption - Despite advancements, the penetration of large models in online office settings remains limited due to the complexity of office scenarios and barriers to private knowledge [4] - The difficulty in acquiring private knowledge is a major pain point, as existing barriers include format isolation, platform ecosystems, and the challenge of utilizing unstructured data effectively [4] WPS 365 Upgrade - On November 25, the company announced the upgrade of WPS 365 to a global one-stop AI collaborative office platform, introducing new products like WPS Lingxi Enterprise Edition and the "Qingzhou" engine [5] - The updated WPS 365 focuses on addressing challenges in AI office tasks, integrating various communication and document management tools to maximize organizational efficiency [7] Cost Efficiency - The WPS 365 platform offers a cost-effective solution, integrating functionalities of multiple tools like Microsoft Office, Zoom, and Adobe PDF, at one-third of the industry average cost [7] Future of AI in Office Work - The vision for WPS 365 is to help organizations build unique "enterprise brains," with knowledge as the core driving force for AI engines [5][12] - The integration of vast amounts of unstructured data into large models is seen as crucial for enhancing AI capabilities, enabling better decision-making and coding assistance [8] Digital Employee Development - The company is advancing its digital employee capabilities, aiming to create efficient assistants for tasks like code review by inputting governance standards into large models [11] - This shift signifies a transformation in human-machine relationships, where digital employees will participate in the entire digital operation process, fostering a positive feedback loop for knowledge creation [11] Market Demand and Security - The demand for AI solutions is growing among large enterprises, with 90% of the 133 Chinese companies listed in the Fortune Global 500 using WPS 365 for efficiency improvements [12] - The platform supports various deployment options, including private, public, and hybrid clouds, addressing high data security and sovereignty requirements [15] Customizable AI Solutions - WPS 365 aims to be a customizable, integrative, and scalable AI productivity platform, catering to both large enterprises and small businesses with tailored office solutions [15] - The future vision includes AI becoming an integral part of every online office process, fundamentally reshaping work dynamics and freeing employees from repetitive tasks [16]

11月26日，在由中国证券报、中国国新主办，国新证券承办，苏州工业园区城市发展研究院全面战略支 持的2025年金牛企业可持续发展论坛暨第三届国新杯·ESG金牛奖颁奖典礼上，ESG金牛奖百强、ESG卓 越央企金牛奖、ESG碳中和金牛奖、ESG科技引领金牛奖、ESG治理金牛奖、ESG乡村振兴金牛奖及 ESG新锐金牛奖七项奖项获奖名单揭晓。 其中，建设银行、美的集团（000333）、海康威视（002415）、海尔智家（600690）、赛力斯 （601127）及金山办公等114家公司荣获ESG金牛奖百强。航发动力（600893）、保利发展 （600048）、长电科技（600584）、桂冠电力（600236）、中钨高新（000657）及华润三九（000999） 等62家央企公司荣获ESG卓越央企金牛奖。 隆基绿能（601012）、华电国际（600027）、金发科技（600143）、上纬新材、五矿资本（600390）及 雅化集团（002497）等36家公司荣获ESG碳中和金牛奖。中微公司、北方稀土（600111）、科大讯飞 （002230）、领益智造（002600）、龙芯中科及恺英网络（002517）等26家公司荣获ES ...

Core Insights - Kingsoft Office has upgraded WPS 365 to a global one-stop AI collaboration platform, introducing new products such as WPS Lingxi Enterprise Edition and Team Space, aiming to cover all mainstream platforms globally [3] - The WPS 365 platform integrates various tools including messaging, documents, meetings, emails, and smart document libraries, achieving unified access, integration, data, and control to maximize organizational efficiency [1][3] - The AI middle platform of WPS 365 has been applied in multiple industries, enhancing document intelligence capabilities for tasks such as smart retrieval and analysis of accumulated data [2] Product Features - WPS 365 will launch an international version by the end of the year, supporting cross-regional and cross-language global office collaboration, with compatibility with Microsoft 365 [1] - The upgraded smart document library utilizes technologies like OCR, LLM, and NLP to transform scattered documents into reusable knowledge [2] - The digital employee has been upgraded to version 2.0, serving as an intelligent agent based on the company's private knowledge, crucial for building an organizational understanding [2] Strategic Goals - The introduction of the AI middle platform aims to activate comprehensive knowledge within enterprises, enabling better decision-making through the integration of large model engines and proprietary knowledge [2] - Kingsoft Office's initiatives are positioned to address challenges faced by expanding organizations, such as increased internal systems and data leakage risks [1]

"产品虽实现了一站式整合，但却是加量不加价，价格友好。相比于分散采购多种工具，WPS 365相当 于整合了'Microsoft Office+Zoom+Adobe PDF'等多种产品，但总体拥有成本仅为行业平均水平的不到三 分之一。"王冬说。 WPS 365产品同时支持私有云、公有云和混合云部署。新推出的自研原生私有化、信创化引擎"轻舟"， 具有不停服升级、低成本起步、低成本运维等特点，且能力与公网产品基本一致。WPS 365还提供了覆 盖事前、事中、事后的全链路安全策略，能切实保障客户的基础安全、数据全生命周期安全和全使用链 路安全。 章庆元表示，协同办公软件中的"企业大脑"一定要有大模型引擎，同时要有执行任务的"手脚"，即MCP （模型上下文协议）或API（应用程序编程接口）。对企业来讲，光有世界知识训练的大模型还不够， 还要有企业自身的私域知识。训练大模型有很多成熟解决方案，而金山办公能帮助企业激活全域知识， 并利用知识更好地驱动"企业大脑"做出决策。 11月25日，金山办公"WPS 365 AI协同办公大会"在京举行。会上，金山办公首席执行官章庆元宣布，旗 下WPS 365正式升级为全球一站式AI协同 ...

据悉，金山办公联合华科发布的Monkey OCR v1.5在国际权威文档解析榜单OmniDocBench中取得综合性能第一，其在复杂表格识别、公式解析等专业场景 的准确率超过90%。 针对大型企业对数据安全与成本的双重需求，WPS 365推出了自研私有化引擎"轻舟"。王冬用了一个形象的比喻："市面上很多产品是把服务于千万用户的 公网架构压缩后硬塞给企业，就像把高铁缩小塞进农家院。而'轻舟'是从头设计，专门为千人到十万人的组织规模打造。"这种架构层面的创新，让中集集 团在系统升级时实现了资源占用下降50%，运维成本降低60%的显著效果。更关键的是，"轻舟"支持不停服升级，确保大型组织业务连续性的同时，还能保 持与公网产品基本一致的功能体验。 【环球网科技报道 记者 李文瑶】在AI浪潮席卷办公软件的当下，金山办公副总裁王冬抛出一个观点："我们不做大而全的盲目扩张，而是聚焦那些能让员工 早下班两分钟的场景。"这句话背后，是WPS 365从工具提供商向AI协同办公平台跃迁的战略布局。 11月25日，金山办公宣布将WPS 365升级为"全球一站式AI协同办公平台"，推出自研"轻舟"引擎、团队空间、AI中台等核心产品。在 ...

中证报中证网讯（记者 杨洁）11月25日下午，在金山办公举办的WPS 365 AI协同办公大会上，金山办 公首席执行官章庆元宣布，旗下WPS 365正式升级为全球一站式AI协同办公平台，推出WPS灵犀企业 版、团队空间、"轻舟"引擎等新产品，并对智能文档库、数字员工两大AI核心产品进行升级。 此举将让WPS 365成为首个拥有全产品矩阵、覆盖全球主流平台、链接全球各地的AI协同办公平台。章 庆元判断："在AI时代，协同办公软件会发生很大的变化，会变成'知识的容器'、'数字员工的载体'以 及'能力、服务的提供方'，而帮助企业和组织构建独有的'企业大脑'是WPS 365的愿景。" 金山办公本次升级的智能文档库是企业大脑"懂数据"的重要承载者，它能综合运用多模态文档识别 （OCR）、大语言模型（LLM）和自然语言处理（NLP）等技术，将组织内散落、沉睡的文档转化为 可复用、可创造价值的知识。比如在生物制药等高专业度领域，智能文档库能辅助写作，大幅提高研发 和合规文档的撰写效率、质量。 金山办公还将数字员工升级到2.0版本。数字员工是依托企业私域知识打造的智能体，也是WPS 365构 建企业大脑"懂组织"的重要载体。 ...

Group 1 - The Zhongzheng Cloud Computing and Big Data Theme Index (930851) has shown strong growth, with notable increases in constituent stocks such as Zhongji Xuchuang (300308) up 14.48%, Xinyi Sheng (300502) up 10.61%, and Shiji Information (002153) up 10.00% [1] - The Big Data ETF (159739) has risen by 3.96%, with the latest price reported at 1.55 yuan [1] - The AI industry chain is experiencing a broad rally, particularly in computing hardware stocks, with active performance in AI applications [2] Group 2 - Meta is negotiating with Google to use TPU chips worth billions of dollars in its data centers by 2027, which could generate significant revenue for Google [2] - Alphabet recently achieved a quarterly revenue exceeding $100 billion for the first time in Q3 2025, marking a 16% year-on-year growth [2] - The total potential market size for Optical Circuit Switching (OCS) is expected to exceed $1.6 billion by 2029, driven by advancements in Google's AI processes [2] Group 3 - The Zhongzheng Cloud Computing and Big Data Theme Index includes 50 listed companies involved in cloud computing services, big data services, and related hardware, reflecting the overall performance of these sectors [3] - As of October 31, 2025, the top ten weighted stocks in the index account for 61.58% of the total, including Zhongji Xuchuang (300308), Xinyi Sheng (300502), and Keda Xunfei (002230) [3]

Core Viewpoint - Kingsoft Office announced the upgrade of WPS 365 to a global one-stop AI collaborative office platform, emphasizing the importance of knowledge as fuel for AI in the workplace [1][3]. Group 1: AI Collaborative Office Software - The CEO of Kingsoft Office, Zhang Qingyuan, views AI collaborative office software as a "container of knowledge," highlighting the need to structure unstructured data generated by employees [3][5]. - WPS 365 aims to create a new working model of "human-machine collaboration," where valuable knowledge created by employees is utilized to enhance productivity [5]. - The upgrade reflects a shift from merely providing functions to offering capabilities, with features like the intelligent document library based on Knowledge Augmented Generation (KAG) architecture [5]. Group 2: Enterprise Brain Concept - WPS 365 is designed to help organizations build an "enterprise brain" that understands data, organization, and tasks, utilizing large model engines and APIs [5]. - Kingsoft Office has a competitive advantage in activating dormant organizational knowledge, with over 260 billion cloud documents accumulated on the WPS platform [5]. - The construction of the "enterprise brain" involves three steps: understanding data, understanding organization, and executing tasks effectively [5]. Group 3: Market Positioning and Compatibility - The upgrade is based on the company's long-term observation of the collaborative office sector, with a history of compatibility with Microsoft products and a focus on mobile and cloud collaboration [5].

Core Viewpoint - Kingsoft Office announced the upgrade of WPS 365 to a global one-stop AI collaborative office platform, aiming to help enterprises build a unique "enterprise brain" in the AI era [1][6]. Group 1: AI Collaborative Office Software - The CEO of Kingsoft Office, Zhang Qingyuan, views AI collaborative office software as a "container of knowledge," where unstructured data can be transformed into meaningful enterprise knowledge, enabling better decision-making and coding capabilities [3][6]. - WPS 365 will create a new "human-machine collaboration" model, where employees generate valuable knowledge that feeds into digital employees, creating a positive feedback loop [6][8]. - The upgrade reflects a shift from "providing functions" to "outputting capabilities," with features like the Knowledge Enhanced Generation architecture (KAG) and Knowledge Data Center (KDC) designed to optimize AI utilization of enterprise knowledge [6][7]. Group 2: Building the "Enterprise Brain" - The "enterprise brain" requires a large model engine and task execution capabilities, which Kingsoft Office can provide by activating dormant organizational knowledge [7][8]. - The platform aims to unify structured and unstructured data, understand organizational structures, and ultimately comprehend business goals, making it a central tool for operations and decision-making [8][9]. - Kingsoft Office has a competitive edge with over 260 billion cloud documents accumulated on WPS, and its compatibility with Microsoft 365 enhances its market position [7][9]. Group 3: Evolution of Collaborative Office - The evolution of collaborative office software has three phases: traditional Office era, collaborative office era with integrated communication tools, and the new AI-restructured collaborative era [9]. - The current industry challenge is to move beyond mere connectivity to address the complexities introduced by AI [9].