（原标题：科创板平均股价29.68元，10股股价超200元） 以最新收盘价计算，科创板平均股价为29.68元，其中股价超100元的有36只，股价最高的是寒武纪。 证券时报•数据宝统计显示，科创板股今日上涨的有393只，下跌的有184只，以收盘价为基准测算，科创板平均股价为29.68元，其中，收盘价超 过100元的有36只，股价在50元至100元之间的有100只，股价在30元至50元的有150只。 科创板股中，收盘价最高的是寒武纪，今日报收595.86元，下跌1.29%，其次是恒玄科技、惠泰医疗等，最新收盘价分别为396.03元、392.12元。 科创板百元股中，今日平均上涨1.30%，具体来看，今日上涨的有25只，涨幅居前的有热景生物、泽璟制药、思瑞浦等。下跌的有10只，跌幅居 前的有源杰科技、经纬恒润、百利天恒等。 向前追溯发现，科创板百元股最新收盘价相对发行价平均溢价311.11%，溢价幅度居前的有百利天恒、安集科技、寒武纪等，溢价幅度分别为 1084.41%、984.18%、825.39%。 以申万一级行业分类，科创板百元股较为集中的行业有电子、医药生物、计算机等，分别有16只、8只、6只股票上榜。 资 ...

以最新收盘价计算，A股平均股价为11.48元，其中股价超过100元的有80只，相比上一个交易日减少3只。 （原标题：百元股数量达80只，电子、医药生物、计算机行业占比均超10%） | 代码 简称 | 最新收盘价 | | 今日涨跌（%） | 换手率（%） | 行业 | | --- | --- | --- | --- | --- | --- | | | | （元） | | | | | 600519 贵州茅台 | | 1509.00 | -0.85 | 0.23 食品饮料 | | | 688256 寒武纪 | | 595.86 | -1.29 | 0.01 | 电子 | | 832982 锦波生物 | | 484.35 | 2.72 | 2.48 美容护理 | | | 002371 北方华创 | | 424.77 | 1.48 | 0.55 | 电子 | | 688608 恒玄科技 | | 396.03 | 1.12 | 0.02 | 电子 | | 688617 惠泰医疗 | | 392.12 | -1.11 | 0.01 医药生物 | | | 002594 比亚迪 | | 356.00 | 1.05 | 1.56 ...

作者丨鲁智高 来源丨 投中网 不久前，宁德时代成功在港上市，成为继快手之后香港市场规模最大的上市项目，同时还有望成为 2025年全球最大IPO。 将投中网设为"星标⭐"，第一时间收获最新推送 以基金投资加快产业培育。 基金的模式探索及制度设计。 也正是从那时起，他们逐步探索形成了以管理国家级基金为主，具有一定规模和影响力的国投特色基 金业务。从发展脉络来看，国投集团管理的几乎所有基金都紧密围绕着一项或数项国家重大战略。 早在2016年，国投系基金领投宁德时代早期轮融资，长期陪伴其发展，见证了这家公司成长为新能 源电池领域龙头的全过程。 除了宁德时代，包括比亚迪、拓荆科技、联影医疗、迪哲医药、中微半导体、寒武纪、华大九天、中 伟新材、粤芯半导体等明星企业在内，国投系基金都以投资者的身份在对方成长过程中扮演着重要角 色。 经过三十年的发展，国投系基金目前旗下在管基金超50只，管理规模超2700亿元，其中国家级政府 投资基金有十余只，规模超过2300亿元，是名副其实的基金"国家队"。 以基金投资加快产业培育，这支基金"国家队"聚焦集成电路、智能网联汽车、生物医药、生物制造等 战新产业重点领域，已经取得丰硕成果。 当 ...

Investment Rating - The report assigns a "Buy" rating with a target price of 987 RMB, indicating a potential upside of 63.5% from the current price of 603.66 RMB [2][4]. Core Insights - The company is positioned as a leader in the domestic AI chip market, providing a comprehensive ecosystem of cloud, edge, and terminal smart chips, along with foundational software development kits [4][5]. - The demand for computing power is surging due to the rapid advancement of artificial intelligence applications, particularly following the emergence of models like ChatGPT [4][34]. - The report anticipates significant growth in the domestic computing power market, driven by the need for AI chips, with projections indicating a doubling of market capacity by 2025 [4][42]. - The company is expected to achieve revenues of 8.42 billion RMB in 2025, with net profits projected at 2.77 billion RMB, reflecting a strong growth trajectory [4][3]. Financial Summary - Revenue (in million RMB): - 2023: 709 - 2024: 1,174 - 2025: 8,416 - 2026: 13,483 - 2027: 21,603 - Net Profit (in million RMB): - 2023: (848) - 2024: (452) - 2025: 2,766 - 2026: 4,808 - 2027: 8,228 - Earnings per Share (in RMB): - 2023: (2.0) - 2024: (1.1) - 2025: 6.6 - 2026: 11.5 - 2027: 19.7 - Price-to-Earnings Ratio: - 2025: 91.1 - 2026: 52.4 - 2027: 30.6 [3][4]. Company Overview - The company, founded in 2016, has established itself as a key player in the AI chip sector, with a focus on high-performance computing solutions [4][6]. - The core team consists of experienced professionals from prestigious institutions, enhancing the company's innovation and stability [9][10]. - The company has developed a series of products that compete directly with NVIDIA's offerings, including the latest SiYuan 590 chip, which matches the performance of NVIDIA's A100 [4][22]. Market Context - The global demand for AI chips is expected to grow significantly, with North American cloud providers increasing their capital expenditures for AI computing [35][41]. - The domestic market is projected to see substantial investments in AI computing power, with major players like Alibaba and Tencent expected to increase their capital expenditures significantly by 2025 [42][43]. - The competitive landscape is influenced by geopolitical factors, particularly the U.S. restrictions on chip exports to China, which may benefit domestic manufacturers [51][52].

Investment Rating - The report assigns a "Buy" rating for the company with a target price of 987 RMB, indicating a potential upside of 63.5% from the current price of 603.66 RMB [2][3]. Core Insights - The company is positioned as a leading player in the domestic AI chip market, providing a comprehensive ecosystem of cloud, edge, and terminal intelligent chips, along with foundational software development tools [5][7]. - The demand for computing power is expected to surge due to the rapid advancement of artificial intelligence applications, particularly following the emergence of models like ChatGPT [5][34]. - The ongoing U.S.-China tech competition is accelerating the need for domestic chip alternatives, potentially leading to a market worth hundreds of billions [5][42]. - The company is projected to achieve revenues of 84.2 billion RMB, 134.8 billion RMB, and 216.0 billion RMB from 2025 to 2027, with net profits of 27.7 billion RMB, 48.1 billion RMB, and 82.3 billion RMB respectively [5][6]. Financial Summary - The company reported actual revenues of 709 million RMB in 2023, with projections of 1,174 million RMB in 2024 and a significant increase to 8,416 million RMB in 2025, reflecting a growth rate of 616.6% [4]. - The net profit is expected to turn positive in 2025, reaching 2,766 million RMB, with a substantial increase in earnings per share from -2.0 RMB in 2023 to 6.6 RMB in 2025 [4]. Product and Technology Development - The company has developed the SiYuan 590 chip, which matches the performance of NVIDIA's A100, and is expected to lead the domestic high-performance chip market [5][20]. - The company has established a robust software platform, Cambricon NeuWare, which integrates various development tools and libraries to enhance the usability and performance of its chips [26][58]. - The MLU-Link technology enhances inter-chip communication, significantly improving the efficiency of multi-chip systems [30]. Market Position and Competitive Landscape - The company is recognized as a benchmark in the domestic intelligent computing chip sector, with a complete product ecosystem that includes cloud, edge, and terminal solutions [5][7]. - The competitive landscape is characterized by a shift towards domestic chip solutions due to U.S. export restrictions, creating a favorable environment for the company's growth [5][52]. Research and Development - The company has maintained a high R&D expenditure, with rates exceeding 100% of revenue, indicating a strong commitment to innovation and product development [67]. - The focus of R&D includes optimizing chip architecture for various AI applications and enhancing the software ecosystem to support large model training and inference [68].

长江电力 东方财富 02)中国核电 1951.90亿市值 7330.68亿市值 3284.08亿市值 15.40亿成交额 4.28亿成交额 23.58亿成交额 20.78 29.96 9.49 -0.24(-0.79%) -0.09(-0.94%) +0.16(+0.78%) 食品饮料 证券 中信证券 国泰海通 海天味业 ■双 3808.88亿市值 3169.82亿市值 2455.01亿市值 9.24亿成交额 19.31亿成交额 3.88亿成交额 25.70 17.98 44.15 +0.18(+0.71%) +0.80(+4.66%) -0.27(-0.61%) 消费电子 化学制药 恒瑞医药 立讯精密 工业富联 3747.37亿市值 2201.05亿市值 3663.63亿市值 5.37亿成交额 11.33亿成交额 15.91亿成交额 55.48 30.37 18.87 -0.06(-0.32%) -0.03(-0.10%) +0.74(+1.35%) 家电行业 农牧饲渔 牧原股份 格力电器 海尔智家 油气长官 2525.11亿市值 2326.02亿市值 2241.92亿市值 23.68亿成交额 5.79亿成 ...

消息面上，2025全球人工智能技术大会(GAITC 2025)将于6月7日至8日在浙江杭州召开。作为我国人工 智能领域千人级综合性活动，大会以"交叉、融合、相生、共赢"为主题，坚持"国际化、高端化、专业 化"的办会理念，旨在打造"世界的讲台、中国的平台、城市的舞台"，今年是连续第六年在杭州举办。 截至2025年6月3日 09:39，上证科创板人工智能指数(950180)强势上涨1.23%，成分股澜起科技(688008) 上涨5.57%，复旦微电(688385)上涨3.75%，安恒信息(688023)上涨3.43%，乐鑫科技(688018)，安路科技 (688107)等个股跟涨。科创AIETF(588790)上涨1.07%，最新价报0.57元。流动性方面，科创AIETF盘中 换手1.4%，成交4450.05万元。拉长时间看，截至5月30日，科创AIETF近1年日均成交2.72亿元，排名可 比基金第一。 费率方面，科创AIETF管理费率为0.50%，托管费率为0.10%，费率在可比基金中最低。 跟踪精度方面，截至2025年5月30日，科创AIETF近3月跟踪误差为0.016%，在可比基金中跟踪精度较 高。 从估值 ...

证券研究报告 | 行业定期报告 2025 年 06 月 02 日 重点关注 AI 迭代创新及机器人场景落地 计算机 6 月投资策略 TMT 及中小盘/计算机 本篇报告回顾了过去一个月投资热点，5 月市场呈现显著的主题轮动特征，主 题投资聚焦机器人（无人物流车为代表）、可控核聚变、数字货币（稳定币 &RWA）、并购重组、军工等。我们认为科技创新仍然是增长主线，6 月继续 看好 AI 迭代创新及 AI 算力、机器人场景落地。 推荐（维持） 行业规模 1、《谷歌开发者大会跟踪，重点关 注大模型多模态能力提升——计算机 周观察 20250525》2025-05-25 2、《从科技龙头厂商财报看 AI 产业 进展——计算机周观察 20250518》 2025-05-18 3、《鸿蒙 PC 正式亮相，关注华为链、 AI 链投资机会——计算机周观察 20250511》2025-05-12 刘玉萍 S1090518120002 liuyuping@cmschina.com.cn 鲍淑娴 研究助理 baoshuxian@cmschina.com.cn | | | 占比% | | --- | --- | --- | | 股票家数 ...

今天分享的是：2024智算时代，国产算力链迎发展新机遇 报告共计：34页 智算时代崛起：国产算力链迎来黄金发展期 在人工智能与数字经济深度融合的今天，算力已成为驱动现代化产业体系的核心引擎。随着大模型技术爆发式增长和政策环境 持续优化，中国算力产业正迎来前所未有的发展机遇，国产算力产业链加速崛起。 普惠智算：数字经济的新基础设施 当前，人工智能已渗透至80%的应用场景，智能算力正像水电一样成为普惠性基础资源。然而，智能算力的稀缺性与高成本仍 是制约AI发展的关键瓶颈。数据显示，中国在算法和智能算力领域仍存在提升空间，这为国产算力技术突破提供了明确方向。 2023年中国人工智能市场支出达147.5亿美元，预计2021-2026年复合增长率超20%。值得注意的是，硬件投资占整体支出50%以 上，其中AI服务器占比超80%，成为算力需求的核心载体。2023年中国AI服务器市场规模同比增长82.5%至91亿美元，印证了产 业端的强劲需求。 三重驱动力重塑算力格局 大模型引爆智能算力需求 随着千亿级参数大模型成为常态，算力形态正经历结构性转变： 通用算力（CPU驱动）满足基础数据处理 智能算力（GPU/ASIC驱动） ...

Core Viewpoint - The company has decided to cancel portions of its restricted stock incentive plans from 2020, 2021, and 2023 due to various reasons including the departure of incentive targets and failure to meet performance thresholds [1][2][3]. Summary by Sections 2020 Restricted Stock Incentive Plan - The company has canceled a total of 856,486 shares from the initial grant due to 8 individuals leaving and 1 becoming a supervisor, resulting in a reduction of eligible participants from 279 to 270 [15][16]. - The performance threshold for the fourth vesting period was not met, leading to a 0% vesting ratio for the remaining participants [15][16]. - Additionally, 353,412 shares from the reserved grant were also canceled due to 4 individuals leaving, reducing the eligible participants from 77 to 73 [16][17]. 2021 Restricted Stock Incentive Plan - A total of 2,326,097 shares from the initial grant were canceled as 14 individuals left and 1 became a supervisor, reducing the eligible participants from 366 to 351 [18][19]. - The performance thresholds for the third and fourth vesting periods were not met, resulting in a 0% vesting ratio for the remaining participants [18][19]. 2023 Restricted Stock Incentive Plan - The company canceled 293,807 shares from the initial grant due to 54 individuals leaving and 1 becoming a supervisor, reducing the eligible participants from 706 to 651 [20]. - An additional 52,755 shares were canceled based on performance evaluations, with a total of 456,917 shares from the reserved grant becoming invalid due to not being assigned within the stipulated time frame [20][21]. Impact on the Company - The cancellation of these shares will not materially affect the company's financial status or operational results, nor will it impact the stability of the management team [20][21]. Opinions from Committees - The Compensation and Assessment Committee and the Supervisory Committee both agree that the cancellation of shares complies with relevant laws and regulations, and the procedures followed were appropriate [21][22]. Legal Opinion - The legal counsel confirms that the cancellation of shares has received the necessary approvals and complies with applicable regulations [22].