上市企业：凌云光（688400.SH）、海康威视（002415.SZ）、大华股份（002236.SZ）、奥普特 （688686.SH）、埃科光电（688610.SH） 相关企业：北京大恒图像视觉有限公司、浙江华睿科技股份有限公司、杭州汇萃智能科技有限公司、深 圳市德鸿视觉技术有限公司、深圳市沃特隆科技有限公司、郑州知立康信息科技有限公司、深圳市汇像 信息技术有限公司、武汉人和睿视科技有限公司、宝丽博视智能科技（苏州）有限公司、江苏科姆勒智 能科技有限公司、苏州德创测控科技有限公司等 内容概要：图像采集卡（又称视频采集卡）是连接计算机与外部图像源的核心硬件，核心功能为信号转 换与数据传输，是前端采集与后端处理的关键桥梁。中国图像采集卡行业产业链清晰，上游以核心芯片 等零部件为主，高端芯片依赖进口但国产替代加速，FPGA市场增长为产业提供支撑；中游厂商以定制 化方案突破中端市场并向高端渗透；下游聚焦工业自动化（占比超45%）等多元场景，需求随数智化转 型持续释放。作为工业机器视觉核心组件，其市场规模受益于政策与产业红利稳步扩大，2024年约60.7 亿元，2025年预计达70亿元。未来行业将向技术高速智能融合、产 ...

Group 1: Market Dynamics - As of December 29, 2025, there were 24 new private placement projects in the last two weeks, a decrease of 2 projects compared to the previous period[5] - The approval rate for projects was 100%, with 10 projects approved by the review committee, a decrease of 17 projects from the previous period[19] - The number of projects in the normal review stage is 636, with 88 projects having received approval and registration, a decrease of 4 projects[5] Group 2: Fundraising and Investment Trends - The total fundraising amount for the 7 projects listed in the last two weeks reached 72.86 billion yuan, an increase of 364.92% compared to the previous period[33] - The average base discount rate for competitive projects increased to 11.81%, up by 2.01 percentage points[33] - The average premium rate for competitive projects was 8.31%, a decrease of 2.31 percentage points from the previous period[40] Group 3: Project Analysis - Lingyun Technology plans to raise up to 695 million yuan to acquire 100% of JAI, which has an estimated value of 103 million euros, reflecting a valuation increase rate of 680.15%[24][26] - Guangha Communication aims to raise up to 750 million yuan for the construction of a new generation intelligent scheduling system, with revenue growth exceeding 20% in 2024 and the first three quarters of 2025[27] Group 4: Market Risks - Risks include slower-than-expected review progress for private placements, fluctuations in secondary market stock prices, and changes in the pricing environment for private placements[5]

Group 1: Market Dynamics - New supply remains high with a noticeable slowdown in the approval pace, with 24 new private placement projects added in the last two weeks, a decrease of 2 projects compared to the previous period[5] - The number of projects terminated was 5, down by 6 projects, while the approval by the review committee decreased by 17 projects to 10[5] - The number of projects in the normal review stage stands at 636, with 88 projects approved and registered, a decrease of 4 projects[8] Group 2: Fundraising and Pricing Trends - The number of projects listed in the last two weeks increased to 7, with total fundraising amounting to 72.86 billion yuan, a 364.92% increase[36] - The average benchmark discount rate for competitive projects rose to 11.81%, an increase of 2.01 percentage points[36] - The average market price discount rate for competitive projects was 12.56%, slightly down by 0.07 percentage points[36] Group 3: Project Analysis - Lingyun Technology plans to raise up to 695 million yuan to acquire 100% of JAI, which has a valuation of 103 million euros, reflecting a valuation increase rate of 680.15%[25] - Guangha Communication aims to raise up to 750 million yuan for new intelligent scheduling systems, with revenue growth exceeding 20% year-on-year for both 2024 and the first three quarters of 2025[29] Group 4: Risk Factors - Risks include slower-than-expected approval progress for private placements, fluctuations in secondary market stock prices, and changes in the pricing environment for private placements[5]

Group 1: Regulatory Actions - Apple has been fined approximately €98.63 million (around 813 million RMB) by the Italian antitrust authority for abusing its market dominance through its App Tracking Transparency policy, which restricts competition among third-party developers since April 2021 [2] Group 2: Autonomous Driving Developments - Baidu's autonomous driving service platform,萝卜快跑, plans to launch driverless testing and services in London by 2026, marking its first entry into a right-hand traffic market outside of Hong Kong [3] Group 3: AI and Robotics Innovations - Alibaba has open-sourced a new image generation model, Qwen-Image-Layered, which allows for advanced layer understanding and image generation, addressing consistency issues in AI-generated images [4] - 智元机器人 expects to achieve sales revenue exceeding 1 billion RMB this year, with plans for significant growth in robot shipments and revenue in the coming years [5] - 智元机器人 has launched a national robot rental platform, "擎天租," aiming to streamline the rental process and project the market size to exceed 10 billion RMB this year [5] Group 4: Corporate Transactions and Investments - 吉利汽车 has completed the privatization of 极氪, which is now a wholly-owned subsidiary, and its financial performance will be consolidated into 吉利汽车's financial statements [7] - 凌云光's subsidiary plans to invest up to $5 million in the IPO of 智谱, reinforcing their long-term partnership in AI and industrial data [8] - 通宇通讯 is increasing its registered capital by 10 million RMB through a cash investment from 武汉武创院投资有限公司 to enhance its capital strength [6] Group 5: Market Trends and Product Launches - 长飞光纤 reports that the demand for fiber optic cables related to the telecom market remains under pressure, despite increased attention on new products related to data centers [10] - 云知声 has launched a new medical AI model, "山海·知医大模型5.0," which aims to transition from an "intelligent tool" to a "clinical collaborator" [11] - 华为 has released the nova15 series smartphones, starting at 2,699 RMB, featuring the new 麒麟9010s chip and HarmonyOS 6 [23]

12月24日，凌云光涨2.99%，截至发稿，报42.34元/股，成交6.61亿元，换手率3.43%，总市值195.18亿 元。凌云光股价已经连续3天上涨，区间累计涨幅5.98%。 截至发稿，马佳累计任职时间3年111天，现任基金资产总规模6.79亿元，任职期间最佳基金回报 23.7%， 任职期间最差基金回报1.2%。 王哲宇累计任职时间1年148天，现任基金资产总规模3.4亿元，任职期间最佳基金回报71.31%， 任职期 间最差基金回报-2.25%。 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。 责任编辑：小浪快报 从基金十大重仓股角度 数据显示，弘毅远方基金旗下1只基金重仓凌云光。弘毅远方甄选混合A（015400）三季度持有股数20.5 万股，占基金净值比例为4.01%，位居第五大重仓股。根据测算，今日浮盈赚取约25.22万元。连续3天 上涨期间浮盈赚取49万元。 弘毅远方甄选混合A（015400）成立日期2025年2月27日，最新规模1679.71万。成立以来收益2 ...

CPO概念再度拉升，环旭电子午后涨停，英唐智控20cm涨停，兆驰股份此前涨停，永鼎股份、中际旭 创、胜宏科技、凌云光跟涨。 ...

业内人士指出，AI投资逻辑逐步迭代，从"卖铲子"（硬件和基础设施）转向"挖金子"（实际应用和商业化）。相比算力，AI应用似乎更具有想象空间。算 力层的"价值底座"已趋于稳固，估值变得"有迹可循"；应用层的爆发才刚刚开始，其重塑各行各业、创造全新商业模式的"想象空间"显然更大。 值得关注的是，科创人工智能ETF（589520）标的指数囊括热门概念，截至11月底，AI应用概念股权重占比达30.94%，字节跳动产业链权重占比达 33.66%。 今日（12月18日）字节产业链含量超33%的科创人工智能ETF（589520）逆市活跃，场内价格现涨0.53%，上交所数据显示，该ETF此前3日连续获资金净流 入，合计金额1346万元，反映资金看好国产AI产业链后市表现，逐步进场布局！ 成份股方面，中科星图领涨超11%，星环科技涨逾7%，思看科技、天准科技涨逾5%，凌云光、奥比中光、优刻得、云天励飞等个股跟涨。 消息面上，字节火山引擎FORCE原动力大会于12月18-19日举行。开源证券表示，大会将发布豆包大模型全新成员，有望实现性能提升与成本降低，特别是 视频生成模型有望进一步升级。同时，大会将重点关注Agent开发工具（ ...

二〇二六年一月 凌云光技术股份有限公司 2026 年第一次临时股东会会议资料 | 2026 | 年第一次临时股东会会议议程 4 | | --- | --- | | | 议案一：关于预计 年度日常关联交易额度的议案 6 2026 | 凌云光技术股份有限公司 2026 年第一次临时股东会 会议资料 凌云光技术股份有限公司 2026 年第一次临时股东会会议资料 凌云光技术股份有限公司 2026 年第一次临时股东会会议须知 为了维护全体股东的合法权益，确保股东会的正常秩序和议事效率，保证会 议的顺利进行，根据《中华人民共和国公司法》《中华人民共和国证券法》《上市 公司股东会规则》以及《凌云光技术股份有限公司章程》《凌云光技术股份有限 公司股东会议事规则》等相关规定，特制定 2026 年第一次临时股东会会议须知。 一、为保证股东会的严肃性和正常秩序，切实维护与会股东（或股东代表） 的合法权益，除出席会议的股东（或股东代表）、公司董事、高级管理人员、见 证律师及董事会邀请的人员外，公司有权依法拒绝其他人员进入会场。 二、出席会议的股东（或股东代表）须在会议召开前半小时到会议现场办理 签到手续，并按规定出示证券账户卡、身份 ...

A股上市公司凌云光(688400.SH)发布公告，公司全资子公司凌云光国际拟使用自有资金不超过500万美元(不包括经纪佣金、香港联合交易所 交易费、香港会计及财务汇报局征费及香港证监会交易征费)作为基石投资者参与认购智谱在港交所拟进行的IPO，持股比例根据届时发行市 值确定。 公司拟于近期与北京智谱华章科技股份有限公司、 中国国际金融香港证券有限公司等共同签署《基石投资协议》（以下简称"本次认购"）。 公司基于谨慎性原则，延续IPO关联方认定，目前仍将智谱纳入关联方范围，公司目前持有智谱0.3733%股权。 智谱，作为内地「AI六小虎」之一，其于上周五(12月19日)成功通过港交所上市聆讯。市场传闻其正在预路演，以评估投资者兴趣，计划募 资3亿美元。 | | 19/12/2025 整體協調人公告 - 委任 [四 | | --- | --- | | 19/12/2025 | 北京智譜華章科技股份有限公司 19/12/2025 | 智谱华章招股书链接： | 编纂]項下的[编纂]數目 | [编纂]股H股(視乎[编纂]行使與否而定) | | --- | --- | | [编纂]數目 | [编纂]股H股(可予重新分配) ...

南方财经12月23日电，凌云光（688400.SH）公告，预计2026年度与关联方发生日常关联交易总额合计 43,100万元，其中向关联人销售产品、提供服务预计40,500万元，采购商品及接受服务预计2,600万元。 主要关联方包括富联裕展科技(河南)有限公司及其关联公司、长春长光辰芯微电子股份有限公司等。交 易内容主要包括向关联方销售可配置视觉系统、智能视觉装备类产品及服务，采购芯片、镜头等视觉器 件及配件。 ...