最近AI泡沫论不但未消退，反而鬼故事越来越多，市场情绪更为敏感，经过谷歌卷大模型和芯片，甲骨文财报杀跌和博通AI毛利率下降等多轮利空的持 续打压，海外AI科技板块跌得让大多数投资者都慌了神，有人直呼"AI泡沫破了"，有人觉得AI主线变暗线了…… 不过这并非AI产业不行了，只是叠加美联储降息不确定性，市场仍在挤AI科技的估值泡沫，长期来看全球AI产业变革时代的底层逻辑和产业趋势不变。 实际上目前市场热炒的商业航天本质也是太空数据中心，核聚变电力设备新能源都聚焦在AI电力，人形机器人、无人驾驶和端侧AI还是AI技术赋能…… 这些市场热炒的题材明线背后都是AI暗线。 最近商业航天、光刻机、核聚变等一众科技赛道轮番活跃，那么到底谁能成为十五五新质生产力的最强主角？今天我们给大家依次讲清楚。 01 十五五七大科技方向投资机会概览 1.商业航天：政策+需求+技术三重共振，跨年主线实锤 十五五把"航天强国"写进战略目标，国家航天局还专门设了商业航天司，发了三年行动计划，甚至搞了国家商业航天发展基金，政策力度直接拉满。 需求端更是刚需：国际上低轨卫星资源"先到先得"，我国GW星座、千帆星座合计规划上万颗卫星，现在在轨的还不到 ...

Core Insights - The article emphasizes the transformative impact of AI technology on the financial industry, positioning it as a "capability equalizer" that enhances service experiences through precision and efficiency [1][2]. Group 1: AI Integration in Banking - The "AI for Process" concept aims to bridge the resource and technology gap between large state-owned banks and smaller institutions, advocating for deep integration of AI into business processes rather than merely pursuing large-scale models [3]. - Shenzhou Information has developed a comprehensive digital framework that simplifies AI capabilities into user-friendly tools, enabling banks to implement AI solutions with lower costs and reduced operational complexity [5][6]. Group 2: Phased AI Implementation Strategy - The strategy for AI deployment in financial institutions involves a gradual approach, starting with small, high-frequency applications to build familiarity and acceptance among staff [7]. - The second phase focuses on integrating AI into core business processes, demonstrating tangible benefits such as a 40% increase in initial approval rates for credit reports generated within 10 minutes [7]. - The final phase aims to create a "value closed-loop mechanism," ensuring that AI applications are standardized and continuously optimized, transforming AI from isolated projects into integral organizational capabilities [7]. Group 3: Enhancing Customer Experience - AI is shifting the focus of financial services from resource consumption to value creation, enabling banks to optimize resource allocation and improve customer engagement through personalized offerings [8][9]. - By leveraging AI for precise customer targeting and service standardization, banks can enhance operational efficiency and customer satisfaction, ultimately creating a more personalized service experience [9]. Group 4: Future of Financial Services - The future of financial services is envisioned as a deeply personalized experience, where AI partners provide tailored advice and support, enhancing both customer engagement and employee productivity [10][11]. - Shenzhou Information's "Shenzhou Wenshu" platform is positioned as a foundational support for banks' intelligent transformation, facilitating the integration of AI into various business lines [11].

Core Viewpoint - Shenzhou Holdings plans to sell up to 28.8273 million shares of its subsidiary Shenzhou Information, representing approximately 2.9543% of its total share capital, to support its business development and general working capital, while maintaining its subsidiary status post-transaction [1][2] Group 1: Company Strategy and Operations - The company aims to become a leader in AI solutions centered around supply chains, showcasing its strategic ambition in the "AI + Supply Chain" sector [2] - Shenzhou Holdings operates through three business segments: traditional services including system integration and e-commerce supply chain services, software and operations services, and big data products and solutions [2] - The company is advancing its "Data × AI" strategy, focusing on high-quality industry data and leveraging its "Yanyun Infinity" platform to enhance its capabilities and create a closed-loop ecosystem [2] Group 2: Financial and Market Position - As of the announcement, Shenzhou Holdings holds 39.9211% of Shenzhou Information, indicating a significant stake in its subsidiary [1] - The proceeds from the share sale will be utilized for business development and to bolster working capital, reflecting the company's focus on enhancing its operational capacity [1]

Core Viewpoint - Shenzhou Holdings plans to sell up to 28.83 million shares of its subsidiary Shenzhou Information, representing approximately 2.95% of its total share capital, to optimize capital allocation and focus on core AI and supply chain strategies [1][2] Group 1: Share Sale Announcement - The sale will occur within three months after the announcement date, with proceeds aimed at supporting business development and general working capital [1] - Post-transaction, Shenzhou Holdings will retain a 39.92% stake in Shenzhou Information, which will continue to be classified as a subsidiary [1] Group 2: AI Strategy and Product Development - Shenzhou Holdings is enhancing its focus on AI, particularly through a "Data×AI" strategy that emphasizes high-quality industry data to create a competitive edge [2] - The company launched the "Yanyun Infinity" platform, which integrates data processing capabilities for intelligent decision-making, based on award-winning technology [2] - An enterprise-level supply chain intelligent agent cluster named "Xiao Jin" was introduced, improving query efficiency by 90% and data analysis efficiency by 70% [2] Group 3: Ecosystem Development - Shenzhou Holdings is building a positive ecosystem by empowering partners with its technology while also integrating high-quality resources to address its own shortcomings [3] - The company has formed strategic partnerships with 15 entities this year, including leading firms in embodied intelligence and logistics [3] - The combination of the "Yanyun Infinity" platform, the "Xiao Jin" solution, and ecosystem collaborations aims to solidify Shenzhou Holdings' position as a leader in AI solutions centered around supply chains [3]

目前，神州信息（000555）已参与新加坡、泰国、马来西亚、哈萨克斯坦等20多个国家和地区的数字银 行设立与银行数字化转型项目。2024年，神州信息设立广州海外交付基地，进一步强化全球项目交付能 力；同时在新加坡、马来西亚等地设立分支机构，持续提升本地化营销与服务支持能力。 12月10日，神州数码信息服务集团股份有限公司（以下简称"神州信息"）在公众号发布消息，与南亚地 区某银行达成重要合作，项目总金额近千万美元。根据协议安排，神州信息将基于成熟的 Sm@rtOneBank数字银行解决方案，助力该银行构建面向未来的新一代金融科技基础设施。项目将围绕 系统升级、业务创新与跨境支付等多个维度展开，全面提升银行在客户触达、产品创新与运营效率等方 面的能力，为客户提供更安全、透明、高效的数字化金融服务，同时显著降低科技与运营成本。 在人工智能技术快速发展的全球趋势下，神州信息将始终秉持合法合规的原则，持续发挥在理念引领、 技术积累与实践经验方面的综合优势，助力海外金融机构推进数智化转型。作为国内少数具备从咨询规 划、平台建设到场景运营全栈服务能力的企业，神州信息将依托先发优势与技术底蕴，协助更多国际金 融机构应对技术 ...

公司于2025年12月9日收到控股股东神州数码软件有限公司（以下简称"神码软件"）拟减持公司股 份的函告。持有公司股份389,540,110股（占公司总股本的39.9211%）的控股股东神码软件，计划在公 告披露之日起15个交易日后的3个月内（即2025年12月31日至2026年3月30日），以集中竞价交易或大宗 交易相结合的方式减持其持有的公司不超过28,827,300股股份（含本数，下同），占公司总股本的 2.9543%，占剔除回购专用证券账户中的股份数量后的公司总股本的3.0000%。 按照神州信息12月9日收盘价17.15元计算，神码软件减持金额约4.94亿元。 中国经济网北京12月10日讯 神州信息(000555.SZ)昨日晚间发布关于控股股东减持公司股份的预披 露公告。 神州信息2024年实现营业收入100.03亿元，同比下降17.03%；归属于上市公司股东的净利润-5.24亿 元，上年同期为2.07亿元；归属于上市公司股东的扣除非经常性损益的净利润-5.01亿元，上年同期为 2.07亿元；经营活动产生的现金流量净额0.91亿元，同比下降61.10%。 今年前三季度，神州信息实现营业收入86.73 ...

每经AI快讯，12月10日，跨境支付板块下跌。其中，天源迪科下跌14.97%，神州信息下跌3.79%，招商 银行下跌2.86%，农业银行、工商银行跌超3%。 （文章来源：每日经济新闻） ...

神州信息(000555.SZ)今日跳空低开，现跌5.25%报16.25元，股价创逾一个月新低，总市值158.6亿元。神州信息公告称，公司控股股东神州数码软件有限公 司计划在2025年12月31日至2026年3月30日期间，以集中竞价和大宗交易相结合的方式减持公司不超过28,827,300股股份，占公司总股本的2.9543%，占剔除 回购专用证券账户中的股份数量后的公司总股本的3.0000%。减持原因为自身经营及发展需要。此次减持计划不会导致公司控制权变更，也不会对公司治理 结构及持续经营产生重大影响。(格隆汇) ...

以下是第一财经对一些重要公告的汇总，供投资者参考。 【品大事】 中科曙光：终止海光信息换股吸收合并公司并募集配套资金 中科曙光公告称，公司于2025年12月9日召开董事会，审议通过了《关于公司终止重大资产重组的议案》，同意终止海光信息通过向中科曙光全体A股换股 股东发行A股股票的方式换股吸收合并中科曙光并募集配套资金，并授权公司管理层办理本次终止的相关事宜。主要原因是交易规模大、涉及相关方多，导 致方案论证历时较长，且目前市场环境较筹划之初发生较大变化，实施条件尚不成熟。公司与交易各相关方协商后决定终止该事项。此次交易终止不会对公 司生产经营和财务状况造成重大不利影响。 惠伦晶体：因2021年、2022年年度报告存在虚假记载 公司股票被实施其他风险警示 惠伦晶体公告称，公司因2021年、2022年年度报告存在虚假记载，根据广东证监局的《行政处罚事先告知书》以及深交所相关规定，公司股票交易将被实施 其他风险警示，股票简称由"惠伦晶体"变更为"ST惠伦"，股票代码不变，仍为"300460"。实施其他风险警示后，股票交易日涨跌幅限制不变，仍为20%。公 司将在满足条件后向深交所申请撤销其他风险警示。公司股票自202 ...

Shareholder Reduction - Shandong Electric Power Construction plans to reduce its stake in Liyuan New Energy by 1% [1] - Chiyao Investment and its concerted parties intend to reduce their holdings in Haomei New Materials by no more than 0.4404% [1] - Shareholder Xiang Jinyu of Aokang International aims to reduce his stake by no more than 3% [1] - The controlling shareholder of Donghua Testing and its concerted parties plan to reduce their holdings by no more than 1.99% [1] - The actual controller's concerted parties of Kute Intelligent plan to reduce their stake by no more than 2% [1] - Runke Investment intends to reduce its stake in Meixin Technology by no more than 1.6047% [1] - Guochuang Kaiyuan plans to reduce its holdings in Shanshi Network Technology by no more than 180.24 million shares [1] - The controlling shareholder of Shenzhou Information intends to reduce its stake by no more than 2.9543% [1] - Shareholder Wang Donghui of Juguang Technology plans to reduce 2.6958 million shares [1] - Shareholder Fan Jianhua of Dingxin Communications has completed the reduction of 2 million shares [1] - Shareholder Ouyang Ruiqun of Wanlang Magnetic has reduced 1.5984 million shares [1] - Shareholder Guangxin Group of Shengyi Technology has reduced 12.9101 million shares [1] - Advanced Manufacturing Fund and Beijing-Tianjin-Hebei Fund collectively reduced 1.03% of their holdings in Tianzhihang [1] Other Corporate Actions - SIRUI Technology has terminated its major asset restructuring plan and its stock has resumed trading [1] - ST Meichen and its wholly-owned subsidiary have been included in the list of dishonest executors [1]