今日（8月14日）国产替代方向强势崛起！国投智能20CM涨停！中科曙光涨超7%获主力资金净流入18 亿元，荣登A股吸金榜第二；曙光数创亦涨逾7%，中国长城、拓尔思、神州泰岳等个股跟涨。 1、高层号召"科技打头阵"，新质生产力方向有望突围； 2、数字中国顶层设计，激活数字生产力，国产替代进程加快； 3、乘风信创热潮，信创2.0有望加速，科技自主可控前景广阔。 本文图片、数据来源于沪深交易所。 风险提示：大数据产业ETF被动跟踪中证大数据产业指数，该指数基日为2012.12.31，发布于 2016.10.18，指数成份股构成根据该指数编制规则适时调整，其回测历史业绩不预示指数未来表现。本 文中提及的指数成份股仅作展示，个股描述不作为任何形式的投资建议，也不代表管理人旗下任何基金 的持仓信息和交易动向。基金管理人评估的该基金风险等级为R3-中风险，适宜平衡型（C3）及以上的 投资者，适当性匹配意见请以销售机构为准。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，投资人须对任何自主决定的投资行为负 责。另，本文中的任何观点、分析及预测不构成对阅读者任何形式的投资 ...

Group 1 - The China Securities Regulatory Commission (CSRC) has requested additional materials from Unisplendour Corporation Limited regarding its Hong Kong IPO, focusing on its business operations in real estate development, surveying services, and satellite navigation [1][2] - Unisplendour must clarify whether it has obtained the necessary qualifications and licenses for its business operations, and whether these operations involve any restrictions or prohibitions on foreign investment [1][2] - The company is also required to explain the situation regarding the 100% equity pledge of its controlling shareholder, Tibet Unisplendour Communication, and its potential impact on the company's control and normal business operations [1][2] Group 2 - Unisplendour is a provider of digital and artificial intelligence solutions, offering a full-stack intelligent ICT infrastructure and advanced cloud platforms to assist various industries in their digital transformation [3] - According to Frost & Sullivan, Unisplendour ranks third in China's digital infrastructure market in 2024 with a market share of 8.6%, second in the network market with a 12.8% share, and second in the computing and storage infrastructure market with a 7.7% share [3] - The company's revenue for the years 2022 to 2024 is projected to be 73.752 billion yuan, 77.538 billion yuan, and 79.024 billion yuan respectively, with net profits attributable to the parent company of 2.158 billion yuan, 2.103 billion yuan, and 1.572 billion yuan [3]

Core Insights - The development of AI large models has transformed the entire industry, creating numerous opportunities and a vibrant market [2] - Xinhua San Group is focusing on a "computing power × connectivity" strategy to provide comprehensive ICT infrastructure and solutions for digital transformation in various industries [2][7] - The company is actively promoting the localization of computing power, with over one-third of its current computing power sourced from domestic chips [2][7][8] Computing Power - User demand for computing power has shifted from simply acquiring it to effectively utilizing it, leading to a focus on efficiency and heterogeneous computing [3] - The DeepSeek integrated machine targets customers with budgets below 300,000 yuan, facilitating quick access to AI applications for those lacking technical expertise [4] - The introduction of the edge AI box aims to lower the barriers for users, providing a more affordable option for smaller businesses and individual users [4] Networking - The rise of AI large models is driving the rapid development of intelligent computing centers, with networking becoming a critical focus area [5] - Networking is evolving from being a mere accessory to computing power to becoming a multiplier of computing capabilities, necessitating research into how AI can leverage networking and storage [5][6] - The transition to Ethernet as a mainstream choice for AI server clusters is highlighted, with its efficiency meeting the communication needs of high-density computing clusters [5] Company Strategy - Xinhua San has launched the new H3C UniPoD series of super-node servers, enhancing performance, density, and efficiency through advanced interconnect technology [7] - The company emphasizes a comprehensive approach to domestic computing power localization, collaborating with nearly all local chip manufacturers [7][8] - The establishment of the Turing Town aims to create a collaborative ecosystem among computing power manufacturers, system integrators, and independent software vendors, facilitating the adaptation and validation of domestic GPU capabilities [8]

人工智能AIETF（515070）跟踪CS人工智能主题指数（930713），成分股选取为人工智能提供技术、 基础资源以及应用端个股，聚集人工智能产业链上中游，俗称"机器人"大脑"缔造者"，万物互联"地 基"。权重股包括寒武纪-U、中际旭创、中科曙光（603019）、科大讯飞（002230）、豪威集团 （603501）、新易盛、澜起科技、金山办公、紫光股份（000938）等国内科技龙头。 相关产品： 人工智能AIETF（515070）、创业板人工智能ETF华夏（159381）、华夏中证人工智能主题ETF联接A （008585）。 明天世界人形机器人运动会将在鸟巢举办，受此消息影响，今日人工智能产业链持续走强，人工智能 AIETF（515070）盘中大涨超2%，成交额突破1.2亿元。持仓股中新易盛（300502）大涨超10%，中际 旭创（300308）、浪潮信息（000977）、四维图新（002405）等个股纷纷大涨。 消息方面，2025年8月14日至17日，全球首个以人形机器人为参赛主体的综合性大型赛事——世界人形 机器人运动会，将在北京国家速滑馆"冰丝带"盛大举行，大会共有来自全球五大洲16个国家的280支队 ...

Market Overview - The Shanghai Composite Index closed at 3665.92 points, above the annual line, with a change of 0.50% [1] - The total trading volume of A-shares reached 1,905.21 billion yuan [1] Stocks Breaking Annual Line - A total of 27 A-shares have surpassed the annual line today, with notable stocks including Desay SV, Wanli Stone, and *ST Guohua, showing divergence rates of 4.85%, 4.59%, and 4.49% respectively [1] - Stocks with smaller divergence rates that just crossed the annual line include China CNR, Ninghu Expressway, and Huatian Technology [1] Top Divergence Rate Stocks - The top three stocks with the highest divergence rates are: - Desay SV (7.44% increase, 4.72% turnover rate, latest price 113.91 yuan, divergence rate 4.85%) [1] - Wanli Stone (4.93% increase, 5.82% turnover rate, latest price 31.30 yuan, divergence rate 4.59%) [1] - *ST Guohua (4.97% increase, 2.12% turnover rate, latest price 8.87 yuan, divergence rate 4.49%) [1] Additional Stocks with Notable Performance - Other stocks with significant performance include: - Kairun Co., Ltd. (4.82% increase, 4.94% turnover rate, latest price 22.40 yuan, divergence rate 4.08%) [1] - *ST Qingyan (3.39% increase, 4.36% turnover rate, latest price 14.64 yuan, divergence rate 3.05%) [1] - Huai Bei Mining (2.80% increase, 1.18% turnover rate, latest price 13.24 yuan, divergence rate 2.41%) [1]

Market Overview - The Shanghai Composite Index is at 3660.38 points, above the annual line, with a change of 0.35% [1] - The total trading volume of A-shares is 858.514 billion yuan [1] Stocks Breaking Annual Line - 18 A-shares have surpassed the annual line today, with notable stocks including Desay SV, Wanli Stone, and Huaibei Mining, showing deviation rates of 4.94%, 4.03%, and 3.10% respectively [1] - Stocks with smaller deviation rates that have just crossed the annual line include Kweichow Moutai, Ninghu Expressway, and Unisplendour [1] Top Stocks by Deviation Rate - The top three stocks with the highest deviation rates are: - Desay SV: 7.53% increase, trading at 114.00 yuan, deviation rate of 4.94% [1] - Wanli Stone: 4.36% increase, trading at 31.13 yuan, deviation rate of 4.03% [1] - Huaibei Mining: 3.49% increase, trading at 13.33 yuan, deviation rate of 3.10% [1] Additional Notable Stocks - Other stocks with significant performance include: - ST Guohua: 2.72% increase, trading at 8.68 yuan, deviation rate of 2.26% [1] - Kairun Technology: 2.95% increase, trading at 22.00 yuan, deviation rate of 2.22% [1] - Shanxi Fenjiu: 2.19% increase, trading at 190.70 yuan, deviation rate of 1.86% [1]

Investment Rating - The industry investment rating is "Positive" (maintained) [1] Core Insights - The report highlights the release of GPT-5 by OpenAI, which has achieved state-of-the-art (SOTA) performance across multiple domains, significantly improving reliability [5][13] - Arista Networks has raised its performance guidance, indicating a sustained increase in demand for AI backend networks, with Q2 2025 revenue reaching $2.205 billion, a year-on-year increase of 30.4% [6][16] - The report maintains a positive outlook on the global AI chain, emphasizing the importance of the AIDC computing power industry chain, satellite internet, and 6G among seven key industry directions [7][18] Summary by Sections 1. Investment Outlook - GPT-5 has shown significant improvements in various areas, including coding, mathematics, writing, health, and visual perception, with a 45% reduction in factual error rates compared to GPT-4 [13][14] - Arista Networks' revenue guidance for 2025 has been raised by 25% to $8.75 billion, driven by strong demand from cloud and AI giants [6][16] - The report suggests focusing on seven major industry directions, including AIDC data center construction, IT equipment, network devices, computing power leasing, cloud computing platforms, AI applications, and satellite internet & 6G [18][19] 2. Communication Data Tracking - As of May 2025, the total number of 5G base stations in China reached 4.486 million, with a net increase of 235,000 stations compared to the end of 2024 [26] - The number of 5G mobile phone users reached 1.098 billion, reflecting a year-on-year growth of 21.3% [26][29] - 5G mobile phone shipments in May 2025 were 21.19 million units, accounting for 89.3% of total shipments, although this represents a year-on-year decrease of 17% [26][35] 3. Operator Performance - The three major operators reported strong growth in cloud computing revenues, with China Mobile's cloud revenue reaching 100.4 billion yuan, a year-on-year increase of 20.4% [42] - The average revenue per user (ARPU) for China Mobile remained stable at 48.5 yuan, while China Telecom's ARPU slightly increased to 45.6 yuan [42][48]

Group 1 - The China Securities Regulatory Commission (CSRC) has published supplementary material requirements for overseas listing applications, specifically for Unisplendour Corporation Limited (紫光股份) [1] - Unisplendour is required to clarify the changes in its shareholding structure before and after the overseas listing, particularly regarding the full exercise of the over-allotment option [1] - The company must explain the operation of new shareholders, including the specific asset management plan and trust involved [1] Group 2 - Unisplendour is recognized as a global leader in digital and artificial intelligence solutions, providing comprehensive ICT infrastructure products and advanced cloud-based intelligent platforms [2] - The solutions offered by Unisplendour aim to assist various industries in accelerating their digital and intelligent transformation [2]

Group 1 - The China Securities Regulatory Commission (CSRC) has published supplementary material requirements for overseas issuance and listing, specifically for Unisplendour Corporation Limited (000938.SZ) [1] - Unisplendour is required to clarify the changes in its shareholding structure before and after the overseas listing, particularly regarding the full exercise of the over-allotment option [1] - The company must explain the operational methods of new shareholders, including the Xinda Securities Fengshi No. 2 Single Asset Management Plan and the Chang'an Trust Zhongbao Investment No. 1 Trust [1] Group 2 - Unisplendour is recognized as a global leader in digital and artificial intelligence solutions, providing a full-stack intelligent ICT infrastructure product suite along with advanced cloud-based intelligent platforms [2] - The solutions offered by Unisplendour are designed to assist clients across various industries in accelerating their digital and intelligent transformation [2]

Group 1 - The China Securities Regulatory Commission (CSRC) has published supplementary material requirements for overseas issuance and listing, specifically for Unisplendour Corporation Limited (紫光股份) [1] - Unisplendour is required to detail the changes in its equity structure before and after the overseas listing, particularly regarding the full exercise of the over-allotment option [1] - The company must clarify the operational methods of new shareholders, including Xinda Securities and Chang'an Trust, and provide information on its business scope, including real estate development and satellite navigation services [1] Group 2 - Unisplendour is recognized as a global leader in digital and artificial intelligence solutions, offering a full-stack intelligent ICT infrastructure product line [2] - The company's solutions are designed to assist various industries in accelerating their digital and intelligent transformation [2]