数字经济ETF工银（561220）业绩比较基准为中证诚通国企数字经济指数收益率，管理人为工银瑞信基 金管理有限公司，基金经理为史宝珖，成立（2025-05-21）以来回报为36.79%，近一个月回报 为-0.25%。 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。 来源：新浪基金∞工作室 12月15日，数字经济ETF工银（561220）开盘跌0.51%，报1.360元。数字经济ETF工银（561220）重仓 股方面，中芯国际开盘跌1.41%，海光信息跌1.05%，北方华创涨1.25%，中科曙光跌1.14%，中微公司 涨0.16%，浪潮信息跌1.20%，生益科技跌3.00%，芯原股份跌5.06%，中兴通讯跌1.09%，深南电路跌 0.66%。 ...

今日A股整体震荡为主，非银金融午后助力上证指数翻红，人工智能AIETF（515070）震荡为主，持仓 股中复旦微电、中科星图、三七互娱、寒武纪、浪潮信息等个股表现较好，沪市规模最大的人工智能 AIETF盘中翻红，场内成交额突破6000万元。 消息方面，11月经济数据发布，国家统计局认为，11月份国民经济运行总体平稳，延续稳中有进发展态 势。但外部不稳定不确定因素较多，国内有效需求不足，经济运行面临不少挑战。 中银证券认为，A股整体仍处于上行通道之中。首先，政策从"托底"到"提质"的平滑过渡，为市场创造 了稳定的宏观预期环境。随着政策预期趋于稳定，市场动能将从前期主要由政策与资金驱动，逐步向盈 利基本面驱动转换。A股当前正处于"牛市中继"阶段，2026年中长期资金入市等政策性利好依然可期， 而价格中枢回暖、内需复苏以及产业创新带来的盈利增长将有助于市场走向全面牛。 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"。前十大权重股包括中际旭创、新易盛、寒武纪- ...

Group 1: Industry Overview - The computer industry has shown steady revenue growth and improved profit margins, with total revenue reaching 939.34 billion yuan in the first three quarters of 2025, a year-on-year increase of 9.4% [11] - The software development sub-industry has seen significant profit improvements, while the computer equipment sub-industry remains relatively high in terms of market sentiment [11] - The industry has experienced a volatile upward trend since the beginning of 2025, with the computer industry index rising by 18.54% as of November 28, 2025, outperforming the CSI 300 index by 3.5 percentage points [18] Group 2: Algorithm and Applications - The global landscape of large models is rapidly evolving, with significant competition among closed-source models from companies like Google, Anthropic, and OpenAI, while domestic open-source models like Kimi K2 and MiniMax-M2 maintain a leading position [27][30] - The focus of large model applications is shifting towards programming, enterprise services, and office productivity tools, indicating a convergence in the market [42] - The integration of multi-modal capabilities and AI agents is becoming a competitive focal point in the large model market, expanding the boundaries of model tasks [32][34] Group 3: Computing Power - The AI computing power market is experiencing high demand, with the global AI server market projected to grow at a CAGR of 15.5% from 2024 to 2028, while China's market is expected to grow at a CAGR of 30.6% during the same period [10] - The domestic AI computing power chip industry is poised for growth due to strong policy support and increasing downstream demand, with a clear trend towards self-sufficiency [10][22] Group 4: Intelligent Driving - The penetration rate of Navigate on Autopilot (NOA) features is increasing, indicating a rapid commercialization of the intelligent driving industry in China, with the market size expected to exceed 300 billion yuan by 2030 [4] - Major players like Tesla and Xpeng are advancing their intelligent driving technologies, with significant updates and new model releases enhancing their market positions [4][5] Group 5: Investment Recommendations - The report maintains a "stronger than market" rating for the computer industry, highlighting investment opportunities in AI computing power, algorithms, and intelligent driving sectors [5] - Specific stock recommendations include companies like Zhongke Chuangda, Haiguang Information, and Industrial Fulian in the AI computing power segment, and companies like Daotong Technology and Kingsoft Office in the AI algorithm and application space [5][6]

二、行业发展历程 内容概况：当前，中国刀片式服务器行业正处在由技术升级、市场应用深化和供应链自主化等多重力量 共同驱动的关键发展窗口期，整体呈现出"市场规模持续扩张与产业链国产化进程加速"的双轨并行特 征。2024年，中国刀片式服务器行业市场规模约为150.7亿元，同比增长2.8%。这一增长不仅得益于云 计算、人工智能等下游需求对高密度算力基础设施的强劲拉动，也反映了国产CPU、操作系统等关键技 术的成熟与渗透。在政策引导和市场需求的双轮驱动下，国内刀片服务器产业正加速从依赖国际品牌向 自主可控的生态体系演进，头部企业通过技术创新与生态整合不断提升市场竞争力，未来有望在高端市 场与国际巨头展开更深入的角逐。 相关上市企业：紫光股份（000938）、曙光股份（603019）、浪潮信息（000977）、联想集团 （00992） 相关企业：宝山钢铁股份有限公司、抚顺特殊钢股份有限公司、中芯国际集成电路制造有限公司、中微 半导体设备（上海）股份有限公司、北方华创科技集团股份有限公司、海光信息技术股份有限公司、龙 芯中科技术股份有限公司、鹏鼎控股（深圳）股份有限公司、健鼎（无锡）电子有限公司、立讯精密工 业股份有限公司 ...

Core Insights - The report emphasizes that the computer industry is driven by model iteration, application breakthroughs, and domestic computing power leadership, with a buy rating for the sector [2][4][17]. Industry Overview - The AI infrastructure sector is transitioning from "testing and trial" to "large-scale rollout in 2026" for domestic AI chip replacements, with a narrowing gap between domestic and international leading models [8][17][26]. - The AI application sector is categorized into three types of companies: those with recognized benchmark clients but in early stages, those with long-term trends but uncertain timelines, and those leveraging AI with reachable inflection points [8][17][19]. - The EDA and R&D software sector is seeing rapid improvement in domestic product capabilities, with mergers and acquisitions expected to accelerate due to policy support [8][17][21]. - In the intelligent driving and robotics sector, the report suggests focusing on competitive chip tracks, overseas expansion, and new autonomous driving opportunities, recommending global AMR leader Geek+ [8][18][21]. - The report notes that traditional trust and innovation directions are facing funding delays, while the release of HarmonyOS PC in 2025 is seen as a catalyst for business growth and technological upgrades [8][18][21]. - The energy information sector is expected to benefit from stable capital expenditures and market reforms, although policy implementation timelines need to be monitored [8][18][21]. Key Companies - In the AI infrastructure sector, recommended companies include Cambricon, Inspur, and Unisoc, with attention to Sugon [8][19]. - For AI applications, notable companies are Jingtaikong, Rainbowsoft, and Kingdee International, with additional focus on Hancloud and Guangyun Technology [8][19][21]. - In the intelligent driving and robotics sector, key players include Geek+, Black Sesame Intelligence, and Rui Ming Technology, with recommendations to monitor Desay SV and SOTER [8][19][21]. - In the EDA and R&D software sector, companies like GigaDevice, Gexin Electronics, and BGI are highlighted, with attention to Zhongkong Technology and Haocen Software [8][19][21]. - For trust and innovation, recommended companies include Kingsoft and Softcom, with additional focus on Taiji Co. and China Software International [8][19][21]. - In the energy information sector, notable companies are Guoneng Rixin and Longxin Group, with attention to State Grid Information and South Grid Digital [8][19][22].

IDCC2025●年度评选 2025年12月10日，以"重塑算力 破界而生"为主题的第二十届中国IDC产业年度大典（IDCC2025）暨数字基础设施科技展（DITExpo）于北京首钢园隆重 开幕。大会汇聚了两院院士、主管部门领导、产业学者、技术专家、企业高管及海外数据中心代表等数百位嘉宾，共话算力发展新趋势。 同期举办的2025中国IDC产业年度评选颁奖典礼，对过去一年在算力产业创新与发展中作出突出贡献的企业与项目予以表彰。本次评选覆盖算力产业上下 游的关键企业、技术与服务领域，经过资料初审、专家评审及组委会终审等多轮严格遴选，最终88家优秀企业及项目荣获12项年度大奖。 获奖名单 2025中国IDC产业年度评选 2025年度中国IDC产业国产生态智算引擎奖 北京电子数智科技有限责任公司 北京数字经济算力中心 潍柴重机股份有限公司 潍柴数据中心发电机组 2025年度中国IDC产业AI+DC创新实践奖 中国电信股份有限公司云计算贵州分公司 基于电信AI大模型的行业应用 普洛斯普瑞数据科技（上海）有限公司 普洛斯智算中心AI驱动的绿色效能实践 上海数据港股份有限公司 北京国际算力服务有限公司 浪潮企业云科技（山东 ...

（文章来源：证券日报） 证券日报网讯 12月12日，浪潮信息在互动平台回答投资者提问时表示，截至2025年12月10日，公司股 东总户数为35万余户。 ...

"算力ETF"哪里找？认准A+H算力龙头全覆盖的云计算沪港深ETF(517390)！一指横跨沪港深，全面布局AI算力驱动下的云计算 历史性机遇，"既要"捕捉港股科技龙头的AI发展红利，"又要"踏准算力浪潮下的光模块爆发契机！ 截至2025年12月12日 13:35，科创综指ETF天弘(589860)盘中换手9.41%，成交2854.56万元。跟踪的上证科创板综合指数(000680) 强势上涨1.22%，成分股晶丰明源(688368)上涨20.00%，燕东微(688172)上涨18.30%，斯瑞新材(688102)上涨12.94%，爱科赛博 (688719)，天宜新材(688033)等个股跟涨。 云计算ETF天弘(517390)盘中换手3.51%，成交1248.96万元。跟踪的中证沪港深云计算产业指数(931470)盘中涨超1%，现涨 0.89%，成分股润泽科技(300442)上涨4.94%，天源迪科(300047)上涨2.98%，优刻得(688158)上涨2.80%，浪潮信息(000977)上涨 2.73%，深信服(300454)上涨2.69%。 截至12月11日，云计算沪港深ETF(517390)近半年规模 ...

截至2025年12月12日 13:06，中证人工智能主题指数(930713)上涨0.78%，成分股芯原股份(688521)上涨 5.73%，北京君正(300223)上涨5.26%，德赛西威(002920)上涨4.78%，润泽科技(300442)上涨4.52%，豪 威集团(603501)上涨4.47%。AI人工智能ETF(512930)上涨0.61%，最新价报2.14元。 数据显示，截至2025年11月28日，中证人工智能主题指数(930713)前十大权重股分别为中际旭创 (300308)、新易盛(300502)、寒武纪(688256)、中科曙光(603019)、澜起科技(688008)、科大讯飞 (002230)、海康威视(002415)、豪威集团(603501)、金山办公(688111)、浪潮信息(000977)，前十大权重 股合计占比63.92%。 消息面上，京东正招募端侧AI芯片领域人才。京东此次的招聘方向主要集中在存算一体AI芯片领域， 产品或将用于机器人、智能家电等硬件端侧。此外，《山东省人工智能产业高质量发展行动计划 （2025-2027年）》日前印发。其中提出，到2027年，全省人工智能核心产业 ...

沪指12月11日下跌0.70%，申万所属行业中，今日上涨的有1个，涨幅居前的行业为银行，涨幅分别为 0.17%。跌幅居前的行业为综合、通信，跌幅分别为4.31%、3.14%。计算机行业今日下跌1.97%。 资金面上看，两市主力资金全天净流出744.67亿元，主力资金净流入的行业仅有1个，银行行业净流入 资金6748.93万元。 | 代码 | 简称 | 今日涨跌幅（%） | 今日换手率（%） | 主力资金流量（万元） | | --- | --- | --- | --- | --- | | 300520 | 科大国创 | 5.57 | 22.10 | 25271.74 | | 300170 | 汉得信息 | 2.03 | 11.29 | 22287.65 | | 301117 | 佳缘科技 | 7.00 | 33.72 | 12538.52 | | 301638 | 南网数字 | 1.74 | 26.33 | 5363.92 | | 688228 | 开普云 | 2.41 | 3.26 | 5264.96 | | 603516 | 淳中科技 | 0.62 | 3.65 | 4202.23 | | 300659 | ...