雷军表示，本次挑战赛旨在推动音频编码器对音频大语言模型（LALM）的增效，欢迎报名！ 12月15日，小米公司创始人、董事长、首席执行官雷军发文宣布，小米联合萨里大学、清华大学、海天 瑞声联合发起第二届音频编码器能力挑战赛，将于明年9月同步亮相国际语音顶级会议 Interspeech 2026，目前已正式开放报名。 国际语音顶级会议 Interspeech 2026 将于明年 9 月在澳大利亚悉尼举行。由小米、萨里大学、清华大 学、海天瑞声联合发起的第二届 Audio Encoder Capability Challenge（AECC）音频编码器能力挑战赛将 同步亮相 Interspeech 2026，目前已正式开放报名。 当前，音频大语言模型（LALMs）发展迅速，但大多数主流模型在音频前端编码器上选择非常单一， 几乎均基于 OpenAI Whisper Encoder。这种对单一技术的依赖不利于模型架构的多样化探索，也限制了 LALMs 整体能力的进一步提升。为应对音频理解能力不断增长的需求，本次挑战赛将聚焦于音频编码 器这一核心模块，重点评估其在复杂真实场景下的理解与特征表示能力。 一、比赛介绍 1.1 ...

Group 1 - The software development sector experienced a decline of 1.4% on December 9, with AiRong Software leading the drop [1] - The Shanghai Composite Index closed at 3909.52, down 0.37%, while the Shenzhen Component Index closed at 13277.36, down 0.39% [1] - Detailed stock performance within the software development sector is provided in a table [1] Group 2 - The main capital flow in the software development sector showed a net outflow of 3.831 billion yuan, while retail investors contributed a net inflow of 3.363 billion yuan [2] - The table includes specific capital flow data for individual stocks within the software development sector [2]

Market Overview - The Shanghai Composite Index closed at 3928.73 points, above the annual line, with a gain of 0.66% [1] - The total trading volume of A-shares reached 16683.26 billion yuan [1] Stocks Breaking Annual Line - A total of 81 A-shares have surpassed the annual line today, with notable stocks including Tianli Composite, Wanshili, and Sanrenxing, showing divergence rates of 11.85%, 9.63%, and 9.17% respectively [1] - Stocks with smaller divergence rates that just crossed the annual line include Mingyang Electric, Meixin Technology, and Yinzhijie [1] Top Stocks by Divergence Rate - Tianli Composite (code: 920576) had a daily increase of 20.67% with a divergence rate of 11.85% [1] - Wanshili (code: 301066) increased by 10.08% with a divergence rate of 9.63% [1] - Sanrenxing (code: 605168) rose by 10.00% with a divergence rate of 9.17% [1] Additional Notable Stocks - Nanjing Shanglv (code: 600250) increased by 9.98% with a divergence rate of 8.18% [1] - Xiexin Integrated (code: 002506) rose by 9.96% with a divergence rate of 7.86% [1] - Daye Co. (code: 603278) increased by 9.98% with a divergence rate of 7.79% [1]

Core Insights - The company experienced a significant decline in net profit in Q3, with a nearly 90% year-on-year drop, attributed to a decrease in revenue from standardized data set products and a slowdown in income growth from large government projects [1][2] Group 1: Financial Performance - For the first three quarters of the year, the company achieved a revenue of 234 million yuan, representing a nearly 57% year-on-year increase, while net profit attributable to shareholders was approximately 4.18 million yuan, up about 10% [1] - The decline in Q3 profitability was primarily due to a lower proportion of high-margin standardized data set product revenue and a slowdown in income growth from significant government projects [1][2] Group 2: Business Development - The company has established a clear cooperation model with local governments, focusing on building high-quality data sets based on local characteristics and ensuring data security [2] - Collaborations have been initiated with cities like Chengdu, Changsha, and Baoding, and specific projects are underway with local governments in Guangxi and Hohhot [2] Group 3: International Expansion - The company benefits from the international strategies of overseas tech giants, leading to strong demand for high-quality, multilingual OCR recognition and text understanding data [3] - A localized data delivery system established in Southeast Asia has entered stable operation, contributing to continuous growth in overseas business revenue [3] Group 4: Emerging Opportunities - The company is optimistic about the growth potential in the embodied intelligence data sector and has formed a specialized team to develop related business [3] - The company is exploring the establishment of additional bases in Southeast Asia to further enhance overseas custom business and high-end data labeling market [3] Group 5: AI Applications - The company provides various data products and services to ByteDance, a significant client, which may be utilized in their AI applications [4] - The rise of AI agents in smart terminals is expected to create new data demands, particularly for diverse data types and multilingual voice data [4]

Core Viewpoint - The management of Hai Tian Rui Sheng indicated that AI Agents on smart terminals are expected to become a significant application of AI, following smart driving, which will create new data demands [1] Group 1: Company Insights - Hai Tian Rui Sheng has been a key provider of various data products and services, including intelligent voice, computer vision, and natural language processing, to ByteDance for many years [1] - The company clarified that any inquiries regarding whether its data is used in ByteDance's Doubao mobile assistant should be directed to information released by ByteDance [1] Group 2: Industry Trends - The emergence of AI Agents in smart terminals is anticipated to drive new data requirements, indicating a growing trend in the AI application landscape [1]

Core Viewpoint - The management of Haitan Ruisheng indicated that the slowdown in revenue growth for the third quarter of 2025 is primarily due to the timing of revenue recognition for several large government projects, which are expected to positively impact revenue in the fourth quarter and contribute to overall annual growth for 2025 [1] Group 1 - The revenue growth slowdown in Q3 2025 is attributed to the timing of revenue recognition for significant government projects [1] - All related projects are progressing normally, and revenue is expected to be recognized in Q4 or later [1] - The anticipated revenue recognition in Q4 is expected to enhance the quarterly revenue growth rate and support better overall revenue growth for the year 2025 [1]

Core Viewpoint - The company is optimistic about the emerging field of embodied intelligence data, which is seen as a high-growth sector, and has established a dedicated team to develop related business initiatives [2] Group 1: Business Development - The company has initiated site selection for specialized companies in multiple cities across the country to support its embodied intelligence data business [2] - The company has formed partnerships with several leading robotics manufacturers and is engaging with major tech firms and local governments to align on order demands [2] Group 2: Market Potential - The national government has prioritized embodied intelligence as a key industry for future development, indicating significant market potential [2] - There is a growing demand from both domestic and international tech companies for large-scale procurement of embodied intelligence data, which includes interaction data for robots in real-world scenarios and data needed to build simulation models [2] Group 3: Collaboration and Infrastructure - Local governments are actively planning the construction of "embodied intelligence training grounds" to collect high-quality data, which will empower research and industrial applications [2] - The company is currently advancing the design and implementation of sample data delivery and training ground solutions to lay a solid foundation for the accelerated development of its embodied intelligence data business [2]

证券之星消息，12月1日IT服务板块较上一交易日上涨0.86%，星图测控领涨。当日上证指数报收于 3914.01，上涨0.65%。深证成指报收于13146.72，上涨1.25%。IT服务板块个股涨跌见下表： 从资金流向上来看，当日IT服务板块主力资金净流出5.91亿元，游资资金净流出8346.74万元，散户资金 净流入6.74亿元。IT服务板块个股资金流向见下表： | 代码 | 名称 | 主力净流入(元) | 主力净占比 游资净流入 (元) | | 游资净占比 散户净流入 (元) | | 散户净占比 | | --- | --- | --- | --- | --- | --- | --- | --- | | 300170 汉得信息 | | 4.57 Z | 13.36% | -1.30 Z | -3.80% | -3.27 Z | -9.55% | | 300496 中科创达 | | 1.73亿 | 8.68% | 286.59万 | 0.14% | -1.76 Z | -8.82% | | 000034 神州数码 | | 1.39 Z | 9.97% | -5722.78万 | -4.12% | -8131. ...

Group 1 - The core viewpoint emphasizes that artificial intelligence is becoming a key driver for urban industrial upgrades in Beijing during the critical period of the "14th Five-Year Plan" [1] - The founder and chairman of Haitian Ruisheng, He Lin, has led the company to evolve from a "data supplier" to an "AI infrastructure provider," with asset scale increasing from 500 million to nearly 900 million yuan and maintaining a revenue growth rate of over 24% [1] - He Lin highlights that Beijing possesses nearly half of the national AI enterprises and suggests a shift from "project support" to "ecosystem design" for future development [1][2] Group 2 - The "14th Five-Year Plan" is identified as a window period for large-scale AI implementation and a critical phase for data infrastructure development [2] - The company aims to deepen its focus on AI training data, establishing a comprehensive capability system covering data collection, governance, annotation, and quality inspection [2] - He Lin envisions that as AI becomes a foundational capability in cities, it will integrate deeply into various industries, stimulating innovation and promoting higher-level development for both industries and cities [2]

Market Review - The Sci-Tech Innovation Artificial Intelligence ETF (Hua Xia, 589010) increased by 2.07% on November 25, with a strong early performance followed by a slight afternoon pullback, maintaining high-level fluctuations overall [1] - Notable stocks included Lingyun Optics, which surged by 10.18%, and Haitai Ruisheng, which rose by 9.29%, with several other stocks like Hengxuan Technology and Sikan Technology also showing gains exceeding 6%, indicating significant profitability in the sector [1] - The total trading volume exceeded 73 million yuan, reflecting active trading conditions. Despite a slight outflow of funds on that day, the trend of net inflows over the past five days and a peak single-day capital absorption of over 170 million yuan suggest ongoing investment in core assets of the AI industry chain [1] - The Robot ETF (562500) rose by 0.32%, demonstrating resilience with a "high-low pullback" pattern. Key stocks like Bojie Co. hit the daily limit, while Ruisheng Technology increased by over 4% [1] - The Robot ETF has seen net inflows for five consecutive trading days, accumulating over 1.3 billion yuan, indicating strong market interest and active reallocation of funds within the sector [1] Hot News - A announcement from Aowei New Materials stated that the first meeting of the fourth board of directors will be held on November 25, 2025, where Peng Zhihui was elected as chairman, and Tian Hua was appointed as CEO, with terms aligned with the board's duration [2] - Efort responded to investor inquiries about its super factory, confirming that the first phase of the global headquarters project commenced construction in September 2023 and is progressing as planned [2] - Obit Zhongguang highlighted the advantages of its Gemini series binocular structured light cameras and Femto series iToF cameras, which meet the perception and interaction needs of humanoid robots in complex environments, with successful adaptations to major manufacturers [2] Institutional Views - Open Source Securities predicts that by 2025, China's humanoid robot industry will thrive due to top-level design and collaborative innovation across the entire industry chain, with companies like Tesla and Xiaopeng setting clear mass production timelines and initiating robot factory construction [3] - The domestic production of core components is advancing rapidly, with significant breakthroughs in key technologies such as reducers and dexterous hands, enhancing the industry's self-control capabilities [3] Popular ETFs - The Robot ETF (562500) is the only ETF in the market with a scale exceeding 20 billion yuan, offering the best liquidity and comprehensive coverage of China's robot industry chain, facilitating investors' access to the sector [4] - The Sci-Tech Innovation Artificial Intelligence ETF (Hua Xia, 589010) is described as the "brain" of robotics, with a 20% fluctuation limit and small-cap elasticity, aimed at capturing pivotal moments in the AI industry [4]