| 名称 | 序号 | 涨幅% | 最新 | | --- | --- | --- | --- | | 習建科 | 33.76 | 20.01 | ਜ | | *ST东通 | 2.31 | 2 | 12.14 | | 榕基软件 | 10.04 | 7.34 | ന | | 中国软件 | 10.00 | 54.34 | 4 | | 诚迈科技 | 55.02 | 9.54 | 5 | | 中孚信息 | 8.97 | 15.67 | 6 | | 金山办公 | 321.70 | 8.32 | 7 | | 国盾量子 | 384.64 | 8 | 6.84 | | 浩辰软件 | 58.36 | 9 | 6.48 | | 达梦数据 | 272.57 | 10 | 6.17 | | 华胜天成 | 19.59 | 11 | 6.12 | | 信息发展 | 76.92 | 12 | 5.62 | | 12 1, 1 - 1 1 1. 1. | | | | 资金面同样释放积极信号：软件ETF（159852）当日上涨1.07%，换手率高达18.36%，成交金额达10.03亿元，近五个交易日累计涨幅达 1.95%，反映出市场对软件板块的 ...

据悉，WPS Office PC端国内日活设备数已突破1亿，全球月活设备数达6.51亿，公司围绕"AI、协作、 国际化"核心战略，已形成WPS Office、WPS 365、WPS AI等多个产品矩阵，覆盖从个人用户到组织客 户的全场景需求。此外，为更好地服务企业协同办公，金山办公近期将进行产品升级，为企业级客户持 续创造价值。 截至收盘，金山办公报321.70元/股，涨8.32%；盘中最高涨幅达18.18%。 10月13日，针对商务部发布2025年第61号公告附件首次采用WPS格式引发热议，金山办公回复观察者 网称："金山办公作为国产办公软件企业，维护用户数据安全、定义符合中国企业的办公标准，既是责 任，更是使命。未来，我们将持续坚持技术立业、用户第一，助力提升办公效率，守护信息安全。" 昨日，"商务部公告附件首次改为WPS格式"词条登上微博热搜。这主要是因为商务部10月9日发布2025 年第61号公告，对含中国成分的部分境外稀土相关物项实施出口管制，其中附件采用WPS格式、申请 文件须以中文提交等两大细节引发热议，而此前公告附件均为Word或PDF格式。 这被外界解读为中国技术自信的体现。一方面体现了国产 ...

Core Insights - The report highlights a steady growth in China's foreign trade, with a total import and export value of 33.61 trillion yuan in the first three quarters of 2025, marking a year-on-year increase of 4% [2] - The storage industry is experiencing significant price increases, particularly for DDR4 products, due to supply shortages as major manufacturers cease production [2] - The automotive market is expected to maintain stable growth in Q4 2025, driven by new energy vehicle tax incentives and seasonal demand [2] - China's express delivery volume has surpassed 150 billion packages, indicating robust logistics activity [2] - The Haier Group and Alibaba have signed a strategic cooperation agreement focusing on AI and cloud technologies [3] - Foxconn plans to invest 1.7 billion USD in Tamil Nadu, India, creating 14,000 jobs [3] Industry Summaries Coal Industry - The coal industry is witnessing an increase in coking coal prices, with the comprehensive coking coal price index reaching 1424.51 yuan/ton, a month-on-month increase of 4.64% [5] - Coking coal inventory at three major ports has risen, while steel mills' coking coal inventory has decreased, indicating a shift in supply dynamics [5][6] - The average utilization rate of independent coking enterprises has increased to 75.43%, reflecting improved production efficiency [6] - In August, coking coal production rose to 42.597 million tons, while pig iron and crude steel production saw declines [7] - Domestic thermal coal prices have increased, while international prices from Australia, South Africa, and Europe have decreased [10] Semiconductor and AI Industry - Companies like 崇达技术 are advancing in AI computing capabilities and expanding their global supply capacity [4] - 兆易创新 has established a joint laboratory focusing on digital energy solutions for emerging markets [4] Retail and Consumer Goods - 永辉超市 plans to launch 60 private label products this year, aiming for 500 by 2029, with a goal of achieving 100 "billion-level" products in three years [4]

Core Insights - The strategic partnership between Kingsoft Office and Zhiyuan Interconnect aims to enhance productivity through AI integration, focusing on five dimensions including ecological strategy collaboration and product solution integration [2][3] - This collaboration signifies a shift from isolated tool usage to an integrated model of "intelligent collaboration + document services," setting a benchmark for the office software industry [2] - The partnership is expected to empower organizations by providing a closed-loop capability of "intelligent document processing + collaborative operation management," facilitating digital transformation and sustainable evolution [2] Company Developments - Zhiyuan Interconnect will leverage Kingsoft Office's intelligent document capabilities to enhance its "collaborative AI ecosystem" strategy, thereby improving product competitiveness [2] - Kingsoft Office aims to transition from a tool service provider to a productivity solution provider by expanding enterprise-level collaborative scenarios [2] Industry Trends - The collaboration represents an innovative exploration of enterprise collaboration paradigms in the AI era, aiming to drive productivity upgrades across various industries [3] - The partnership is positioned to lead the transformation of the office software industry from single-function competition to a model focused on "technology integration + scenario empowerment" [2]

Core Viewpoint - The announcement by the Ministry of Commerce to adopt WPS format has sparked significant discussion, and Kingsoft Office emphasizes its commitment to user data security and establishing office standards suitable for Chinese enterprises [1] Group 1 - Kingsoft Office's response highlights its role as a domestic office software provider, focusing on user data security [1] - The company views the establishment of office standards that align with Chinese enterprises as both a responsibility and a mission [1] - Following the announcement, Kingsoft Software's stock price increased by over 13% [1]

这一调整被市场解读为国产软件在关键政务场景中实现"标准替代"的重要信号。 商务部在10月9日发布的稀土出口管制公告中，首次将其附件文档格式由惯用的Word或PDF改为WPS格 式，还强调申请文件须以中文提交。 商务部公告附件首次改为wps格式 今日国产软件板块走高，其直接催化源于昨日一则登上微博热搜的消息——商务部公告附件首次改为 wps格式。 10月13日，A股软件开发板块开盘表现强势，盘中一度逆势上涨1.71%。尽管午间收盘有所回落，但个 股层面仍亮点频出：盈建科20CM涨停，华大九天涨超13%，金山办公盘中一度冲高17%，午间仍保持 超7%的涨幅，达梦数据、索辰科技等多股也集体跟涨。 | 代码 名称 | 涨跌 涨幅� 现价 | | --- | --- | | 300935 盈建科 | 33.76 +5.63 +20.01% | | 301269 华大九天 | 137.84 +16.03 +13.16% | | 300379 *ST东通 | 2.29 +0.23 +11.17% | | 300598 诚迈科技 | 54.50 +4.27 +8.50% | | 688152 麒麟信安 | 56.97 +4. ...

Investment Rating - The report does not explicitly provide an investment rating for the industry Core Insights - The AI industry is witnessing significant advancements, with major companies like Alibaba and Ant Group making substantial investments in AI technologies and models, indicating a competitive landscape [6][10] - Alibaba has established a team focused on embodied AI, aiming to transition AI capabilities from virtual to real-world applications, with a projected investment of over $4 trillion in AI over the next five years [6] - Ant Group has open-sourced a trillion-parameter language model, Ling-1T, which has achieved state-of-the-art results in various benchmarks, highlighting the competitive nature of AI model development [10] - The report notes the emergence of new applications in AI, such as the collaboration between New Wisdom Games and TYLOO to develop an AI coach for esports, showcasing the integration of AI in gaming [7] - Innovations in drone delivery services by Meituan and the launch of new operating systems by Vivo further illustrate the expanding applications of AI technology in various sectors [8][9] Summary by Sections AI Industry Dynamics - Alibaba has formed the Qwen team to focus on embodied AI, marking its entry into physical AI systems [6] - The team aims to enhance AI's ability to interact with the real world through reinforcement learning [6] AI Application Insights - New Wisdom Games and TYLOO have signed a strategic agreement to develop an AI coach for esports, enhancing training efficiency for professional teams [7] - Meituan has launched the first domestic nighttime drone delivery service, improving logistics efficiency [8] AI Large Model Insights - Ant Group's Ling-1T model has set new benchmarks in complex reasoning tasks, outperforming competitors like Google's Gemini series [10] - KAT-Dev-72B-Exp from Kuaishou has topped the open-source programming model rankings, demonstrating significant advancements in AI capabilities [11] Technology Frontiers - The LIRA model developed by Huazhong University of Science and Technology and Kingsoft aims to improve image segmentation and understanding in multi-modal AI applications [16][17]

Core Viewpoint - The announcement by the Ministry of Commerce regarding the adoption of WPS format has sparked significant discussion, prompting Kingsoft Office to emphasize its commitment to user data security and the establishment of office standards that cater to Chinese enterprises [1] Group 1: Company Strategy - Kingsoft Office plans to upgrade its products to better serve enterprise collaboration and continuously create value for enterprise clients [1] - The company has established a product matrix that includes WPS Office, WPS 365, and WPS AI, focusing on core strategic directions of "AI, collaboration, and internationalization" [1] Group 2: User Engagement - The daily active device count for WPS Office on PC in China has surpassed 100 million [1] - The global monthly active device count for its main products has reached 651 million [1]

Market Overview - A-shares opened lower but closed higher, with the Shanghai Composite Index down 0.19%, Shenzhen Component down 0.93%, and ChiNext down 1.11%, while the Sci-Tech 50 Index rose by 1.4% [1] - Private equity investors believe that the market adjustment should end within two trading days if no major changes occur [1] - Adjustments to marginable securities and their conversion rates by several brokerages took effect on October 13, partially offsetting last week's negative market news [1] Sector Performance - The rare earth sector saw a significant surge, with over 10 stocks including China Rare Earth and Northern Rare Earth hitting the daily limit [3] - The banking sector strengthened in the afternoon, with Shanghai Pudong Development Bank and Nanjing Bank both rising over 5% [1] - Precious metals and military industries also performed well, with Western Gold hitting the daily limit and Changcheng Military Industry achieving consecutive gains [1] - The semiconductor sector continued its strong performance, with stocks like Xinlai Material and Kaimeteqi achieving consecutive gains [1] Key Individual Stocks - Upwind New Materials hit a 20% limit down, despite a year-to-date increase of nearly 19 times, as the company announced no plans for a backdoor listing in the next 36 months [2] - The software sector was active, with stocks like Rongji Software hitting the daily limit and Kingsoft Office rising over 10% [5] Analyst Insights - Huaxi Securities suggests that the impact of the current trade tensions will be less severe than in April, with a focus on sectors like agriculture, military, and rare earths [6] - China Galaxy believes that the market is unlikely to replicate the April 7 performance, with increased external uncertainties and profit-taking pressures [7] - Guojin Securities indicates that while there may be potential adjustments in the A-share index, the extent will be controllable, and opportunities should be sought in domestic policies and recovering domestic demand [8]

近期评等 | 出刊日期 | 前日收盘 | 评等 | | --- | --- | --- | | 2022-03-23 | 325.40 | 区间操作 | | 2023-02-27 | 288.71 | 买进 | | 2024-01-04 | 340.88 | 区间操作 | 2025 年 10 月 13 日 何利超 H70529@capital.com.tw 目标价(元) 400 公司基本资讯 | 产业别 | | 计算机 | | --- | --- | --- | | A 股价(2025/10/10) | | 297.00 | | 上证指数(2025/10/10) | | 3897.03 | | 股价 12 个月高/低 | | 407.31/235.22 | | 总发行股数(百万) | | 463.18 | | A 股数(百万) | | 463.18 | | A 市值(亿元) | 1375.64 | | | 主要股东 | | 金山办公应用 | | | | 软件有限公司 | | | | (51.47%) | | 每股净值(元) | | 25.12 | | | 一个月 三个月 | 一年 | | 股价涨跌(%) | ...