市场表现上，机构扎堆调研股中，近5日上涨的有37只，涨幅居前的有东芯股份、慧辰股份、赛意信息 等，涨幅为79.70%、16.01%、14.10%；下跌的有34只，跌幅居前的有雅化集团、容百科技、仕佳光子 等，跌幅为13.21%、11.18%、10.20%。 机构扎堆股中，有20股已经公布了半年报，净利润同比增幅最高的是智明达、仕佳光子，净利润分别增 长2147.93%、1712.00%。公布半年报业绩预告的共有9只，业绩预告类型来看，预增有4只，预盈有3 只。以净利润增幅中值来看，净利润增幅最高的是海天瑞声，预计净利润中值为368.00万元，同比增幅 为783.77%。 近5日机构调研股一览 | 证券代码 | 证券简称 | 机构调研次数 | 机构家数 | 最新收盘价（元） | 其间涨跌幅（%） | 行业 | | --- | --- | --- | --- | --- | --- | --- | | 002415 | 海康威视 | 1 | 247 | 28.57 | -0.07 | 计算机 | | 301511 | 德福科技 | 1 | 238 | 35.39 | 14.01 | 电力设备 | | 688313 ...

Group 1 - The rapid development of global AI technology is driving growth in three major business segments of Haitian Ruisheng: computer vision, natural language, and intelligent voice [1] - The increase in the proportion of computer vision and natural language businesses is attributed to technological breakthroughs and growing market demand [1] - The company is involved in the construction of national training data labeling bases, forming comprehensive solutions in the data element field [1] Group 2 - Strategic collaborations with Huawei include projects such as the Ascend DeepSeek data flying intelligent body, Shaanxi Smart Cultural Tourism Project, and the Jingxi Zhigu Digital Human Platform [1] - Key drivers for revenue growth by 2025 include two major trends in the AI industry, innovative business layouts, and strategic partnerships with Huawei and Southeast Asia data delivery systems [1] - The company is advancing its global strategy through acquisitions, such as the Philippine delivery base, and accelerating the construction of a global service network [1] Group 3 - Data sources required for training specific vertical domain models include public data, proprietary customer data, and targeted data collection from vertical scenarios [1] - The data labeling industry is expected to become more intelligent, with data security and compliance capabilities becoming core evaluation dimensions [1] - The company's core competitiveness lies in its dual-mode service products, technical platform capabilities, supply chain resource management, and data security and compliance capabilities [1] Group 4 - The distinction between product data set business and customized service business is that the former involves simulated data, while the latter is pure processing service based on targeted needs [1]

Group 1 - The core viewpoint of the news is that HaiTian RuiSheng is experiencing comprehensive growth in its three major business segments: computer vision, natural language processing, and intelligent voice, driven by rapid advancements in global AI technology [1] - The increase in the proportion of computer vision and natural language businesses is attributed to technological breakthroughs and growing market demand [1] - The company is involved in the construction of a national training data labeling base, forming a comprehensive solution in the data element field [1] Group 2 - HaiTian RuiSheng's strategic cooperation with Huawei includes projects such as the Ascend DeepSeek data flying intelligent body, Shaanxi Smart Cultural Tourism Project, and the Jingxi Zhigu Digital Human Platform and dubbing platform project [1] - Key drivers for revenue growth in 2025 include two major trends in the AI industry, innovative business layout, and strategic partnerships, particularly with Huawei and the Southeast Asia data delivery system [1] - The company is advancing its global strategy through acquisitions, such as the Philippine delivery base, and accelerating the construction of a global service network [1] Group 3 - The data sources required for training specific vertical domain models are categorized into public data, proprietary customer data, and targeted data collection from vertical scenarios [1] - The data labeling industry is expected to become more intelligent, with data security and compliance capabilities becoming core evaluation dimensions [1] - The company's core competitiveness lies in its dual-mode service products, technical platform capabilities, supply chain resource management, and data security and compliance capabilities [1] Group 4 - The distinction between product data set business and customized service business is that the former involves simulated data, while the latter is pure processing service based on targeted needs [1]

调研纪要：鼎通科技二季度生产订单饱和，营业收入和净利润同比大幅增长，通讯业务占总营收80%， 112G产品需求旺盛，224G和液冷产品将提高收入和利润。马来西亚子公司订单充足，上半年总收入 5158万元，二季度逐渐开始盈利。三季度客户需求旺盛，预计环比仍会有增长。液冷产品二季度小批量 出货，预计年底或2026年初开始量产。Overpass系列产品二季度需求增长较缓，预计三季度表现会更 好。汽车业务上半年增长不明显，预计下半年与比亚迪、长安汽车合作项目及宝马BMS将起量。BMS 项目已有两条自动化产线安装完成，预计年底或2026年初开始量产。112G通讯产品月需求超150万套， 预计三季度仍将有环比增长。224G通讯产品已开始批量试产，预计下半年大批量量产。公司通过购买 机器设备和增加组装线来扩充产能，为后续产品上量做准备。公司对未来业绩有信心，224G通讯产 品、液冷产品和BMS项目将贡献收入和利润。 机构简介： 调研纪要：全球AI技术快速发展推动海天瑞声计算机视觉、自然语言和智能语音三大业务板块全面增 长。计算机视觉和自然语言业务占比提升，得益于技术突破和市场需求增长。公司在数据要素领域通过 参与国家训练数 ...

Core Insights - The rapid development of global AI technology is driving comprehensive growth in the three business segments of Haitian Ruisheng: computer vision, natural language, and intelligent voice [1] - The increase in the proportion of computer vision and natural language businesses is attributed to technological breakthroughs and growing market demand [1] - The company is participating in the construction of national training data labeling bases, forming comprehensive solutions in the data element field [1] Business Collaboration and Growth Drivers - Strategic collaborations with Huawei involve projects such as the Ascend DeepSeek data flywheel intelligent body, Shaanxi Smart Cultural Tourism Project, Jingxi Zhigu Digital Human Platform, and dubbing platform projects [1] - Key drivers for revenue growth by 2025 include two major trends in the AI industry, innovative business layouts, and strategic partnerships with Huawei and Southeast Asia's data delivery system [1] Global Expansion Strategy - The company is advancing its globalization strategy by acquiring a delivery base in the Philippines and accelerating the construction of a global service network [1] - Data sources required for training specific vertical domain models include public data, proprietary customer data, and targeted data collection from vertical scenarios [1] Industry Trends and Core Competencies - The data labeling industry is expected to become more intelligent, with data security and compliance capabilities becoming core evaluation dimensions [1] - The company's core competitiveness lies in its dual-mode service products, technological platform capabilities, supply chain resource management, and data security and compliance capabilities [1] - The distinction between product data set business and customized service business is that the former involves simulated data, while the latter is pure processing service based on targeted needs [1]

Group 1 - The rapid development of global AI technology is driving comprehensive growth in Haitai Ruisheng's three major business segments: computer vision, natural language, and intelligent voice [1] - The increase in the proportion of computer vision and natural language businesses is attributed to technological breakthroughs and growing market demand [1] - The company is participating in the construction of a national training data labeling base, forming a comprehensive solution in the data element field [1] Group 2 - Strategic collaborations with Huawei involve projects such as the Ascend DeepSeek data flying intelligent body, Shaanxi Smart Cultural Tourism project, and the Jingxi Zhigu digital human platform and dubbing platform [1] - Key drivers for revenue growth in 2025 include two major trends in the AI industry, innovative business layout, and strategic cooperation with Huawei, along with the Southeast Asia data delivery system [1] - The company is advancing its global strategy through acquisitions, such as the Philippine delivery base, and accelerating the construction of a global service network [1] Group 3 - Data sources required for training specific vertical domain models include public data, proprietary customer data, and targeted data collection from vertical scenarios [1] - The data labeling industry is expected to become more intelligent, with data security and compliance capabilities becoming core evaluation dimensions [1] - The company's core competitiveness lies in its dual-mode service products, technical platform capabilities, supply chain resource management, and data security and compliance capabilities [1] Group 4 - The distinction between product data set business and customized service business is that the former involves simulated data, while the latter is pure processing service based on targeted needs [1]

Group 1 - The core viewpoint of the news is that the rapid development of global AI technology is driving comprehensive growth in the three business segments of Haitan Ruisheng: computer vision, natural language, and intelligent voice [1] - The increase in the proportion of computer vision and natural language businesses is attributed to technological breakthroughs and growing market demand [1] - The company is participating in the construction of a national training data labeling base, forming a comprehensive solution in the data element field [1] Group 2 - The strategic cooperation with Huawei involves projects such as the Ascend DeepSeek data flying intelligent body, Shaanxi Smart Cultural Tourism Project, and the Jingxi Zhigu Digital Human Platform and dubbing platform project [1] - Key drivers for revenue growth in 2025 include two major trends in the AI industry, innovative business layout, and strategic cooperation with Huawei, along with the Southeast Asia data delivery system [1] - The company is advancing its globalization strategy through acquisitions, such as the Philippine delivery base, and accelerating the construction of a global service network [1] Group 3 - Data sources required for training specific vertical domain large models are categorized into public data, customer-owned data, and targeted data collection from vertical scenarios [1] - The data labeling industry is expected to become more intelligent, with data security and compliance capabilities becoming core evaluation dimensions [1] - The company's core competitiveness lies in its dual-mode service products, technical platform capabilities, supply chain resource management, and data security and compliance capabilities [1] Group 4 - The distinction between product data set business and customized service business is that the former involves simulated data, while the latter is pure processing service based on targeted needs [1]

Group 1: Rongbai Technology - Rongbai Technology increased strategic investments in precursor materials, sodium batteries, and lithium iron manganese phosphate, leading to a profit decline, but the main ternary business achieved a profit of 77 million yuan [1] - Due to changes in US tariff policies, overseas customer sales decreased, but an improvement is expected in the second half of the year [1] - The company has achieved kilogram-level shipments of lithium-rich manganese-based materials and improved high-temperature storage performance of spinel nickel-manganese cathode materials [1] - Solid-state cathode materials and solid-state electrolytes are being developed simultaneously, with high-nickel and ultra-high-nickel cathode materials achieving ton-level shipments [1] - The output of lithium iron manganese phosphate products has reached the total volume for 2024, with sales in the commercial vehicle sector exceeding 1,000 tons [1] - Sodium battery cathode products have achieved breakthroughs at the hundred-ton level, and the annual production line of 6,000 tons at the Xiangtan base has been initiated [1] - The European market outlook is more optimistic than expected at the beginning of the year, with the Polish factory accelerating production line design [1] Group 2: Haitai Ruisheng - The rapid development of global AI technology has driven comprehensive growth in Haitai Ruisheng's three major business segments: computer vision, natural language, and intelligent voice [2] - The proportion of computer vision and natural language businesses has increased due to technological breakthroughs and market demand growth [2] - The company is involved in the construction of national training data annotation bases, forming comprehensive solutions in the data element field [2] - Strategic cooperation with Huawei includes projects such as the Ascend DeepSeek data flying intelligent body and the Shaanxi Smart Cultural Tourism project [2] - Key drivers for revenue growth in 2025 include two major trends in the AI industry and innovative business layouts, along with strategic cooperation with Huawei and the Southeast Asia data delivery system [2] - The company is advancing its global strategy through acquisitions and accelerating the construction of a global service network [2] - The data annotation industry is expected to become more intelligent, with data security and compliance capabilities becoming core evaluation dimensions [2] Group 3: Dingtong Technology - Dingtong Technology's production orders were saturated in the second quarter, leading to significant year-on-year growth in revenue and net profit, with the communications business accounting for 80% of total revenue [3] - Demand for 112G products is strong, and the introduction of 224G and liquid cooling products is expected to enhance revenue and profit [3] - The Malaysian subsidiary has sufficient orders, with total revenue of 51.58 million yuan in the first half of the year, gradually starting to profit in the second quarter [3] - Strong customer demand is anticipated in the third quarter, with expectations for continued growth [3] - Liquid cooling products had small batch shipments in the second quarter, with mass production expected by the end of 2025 or early 2026 [3] - The automotive business showed limited growth in the first half of the year, but projects with BYD, Changan Automobile, and BMW BMS are expected to ramp up in the second half [3] - The BMS project has two automated production lines installed, with mass production expected by the end of 2025 or early 2026 [3] - Monthly demand for 112G communication products exceeds 1.5 million sets, with continued growth expected in the third quarter [3] - The 224G communication product has begun batch trial production, with large-scale production expected in the second half of the year [3] - The company is expanding capacity by purchasing machinery and increasing assembly lines to prepare for future product volume [3]

根据市场公开信息及8月4日披露的机构调研信息，知名私募趣时资产近期对1家上市公司进行了调研， 相关名单如下： 1）海天瑞声 （趣时资产参与公司分析师会议） 调研纪要：全球AI技术快速发展推动海天瑞声计算机视觉、自然语言和智能语音三大业务板块全面增 长。计算机视觉和自然语言业务占比提升，得益于技术突破和市场需求增长。公司在数据要素领域通过 参与国家训练数据标注基地建设，形成综合解决方案。与华为合作涉及昇腾 DeepSeek数据飞轮智能 体、陕西智慧文旅项目、京西智谷数字人平台及配音平台项目。2025年收入增长的核心驱动因素包括 AI产业的两大发展趋势和创新业务布局，以及与华为的战略合作和东南亚数据交付体系。海外市场拓 展方面，公司全面推进全球化战略布局，通过并购菲律宾交付基地和加快全球化服务网络建设。训练特 定垂向领域大模型所需数据来源分为公开数据、客户自有数据和垂直场景定向采集数据。数据标注行业 将更加智能化，数据安全及合规能力成为核心评价维度。公司核心竞争力体现在服务产品双模式、技术 平台能力、供应链资源管理和数据安全及合规能力。产品数据集业务与定制化服务业务的区别在于前者 是模拟数据，后者是定向化需求的纯 ...

Group 1: Liquidity and Scale of AI ETF - The AI ETF has a turnover rate of 2.52% with a half-day trading volume of 81.81 million yuan, and an average daily trading volume of 269 million yuan over the past week as of August 1 [2] - The latest scale of the AI ETF reached 3.261 billion yuan, with leveraged funds continuing to invest, showing a financing buy-in amount of 19.96 million yuan and a financing balance of 88.20 million yuan [2] - The AI ETF has seen a net value increase of 53.17% over the past year, ranking 260 out of 2944 index equity funds, placing it in the top 8.83% [2] Group 2: Performance Metrics - Since its inception, the AI ETF has recorded a highest monthly return of 30.38%, with the longest consecutive monthly gains being 3 months and the longest cumulative gain reaching 43.97%, averaging a monthly return of 6.94% during rising months [2] - The AI ETF closely tracks the CSI Artificial Intelligence Industry Index, which selects 50 representative listed companies based on their AI business proportion, growth level, and market capitalization [2] Group 3: Key Holdings and Market Trends - As of July 31, 2025, the top ten weighted stocks in the CSI Artificial Intelligence Industry Index account for 61.26% of the index, with notable companies including Xinyi Sheng, Cambricon, and iFlytek [3] - The anticipated release of GPT-5 by OpenAI, expected in early August, will include three versions, enhancing capabilities in understanding and processing complex information [3] - The ongoing performance growth of AI-driven overseas tech companies and the acceleration of AI application monetization in China highlight the investment value in the domestic AI chain [3] Group 4: Investment Strategy and Focus Areas - The Huafu AI ETF (515980) is unique in its quarterly rebalancing and exclusive tracking of the AI industry index, balancing computing power and applications at 50% each [5] - The index includes sectors with strong commercialization potential in AI applications such as autonomous driving, robotics, and smart wearables, each holding a 5% weight [6] - Investors can also consider the Huafu AI ETF linked funds (Class A 008020, Class C 008021) to gain exposure to high-purity AI business stocks while avoiding speculative trading [7]