Core Insights - The financial electronic payment equipment industry is undergoing a transformation from traditional to intelligent systems, driven by rapid internet technology development and the popularity of mobile payments [1][7] - The market is expected to grow significantly, with the industry size projected to increase from 61.2 billion yuan in 2020 to approximately 106.3 billion yuan by 2025, reflecting a compound annual growth rate of 12.66% [1][8] Industry Overview - Financial electronic payment equipment includes ATMs, POS machines, and self-service terminals (KIOSK), primarily deployed in banks and retail environments [3][7] - The industry is characterized by a shift towards smart and integrated payment solutions, enhancing user experience and security through advanced technologies like AI and biometric recognition [1][7] Industry Development History - The industry has evolved since the 1980s, transitioning from basic banking terminal equipment to diversified and intelligent payment solutions in the 21st century, influenced by advancements in mobile communication and cloud computing [5][6] Industry Chain - The upstream of the industry includes raw materials and components, while the midstream focuses on manufacturing, and the downstream encompasses various application sectors such as banking, retail, and telecommunications [6][7] Current Industry Status - The industry is at a critical stage of high-quality development driven by technological innovation, with significant government support for policy and market regulation [1][7] - The number of connected POS machines in China is projected to reach approximately 49.05 million by 2024, while the number of ATMs is expected to decline to around 76.09 million by the end of 2025 [8][9] Competitive Landscape - The industry features a mix of international and domestic players, with local companies like GuoDianYunTong and XinDaLu emerging as dominant forces due to their understanding of domestic market needs and competitive service networks [10][12] - The competition has shifted from hardware manufacturing to comprehensive service capabilities, including software platforms and lifecycle services [10] Future Trends - The future of financial electronic payment equipment will see a shift towards integrated service nodes that utilize AI and IoT for personalized user experiences [13] - The service model is evolving towards open platforms that connect various stakeholders, enhancing the value proposition beyond mere hardware sales [15] - Security measures will transition from passive protection to proactive immunity, ensuring data integrity and trust in transactions [16]

证券研究报告 | 行业策略 gszqdatemark 2026 01 29 年 月 日 计算机 2026 年度策略：锚定 AI 未来，共启科技新篇 金融科技：新工具+新货币，重塑金融新范式。1）新工具：牛市先锋，优 选炒股软件。2026 年全球流动性合理充裕，国内保持适度宽松基调；同 时，险资兜住下行风险，存款搬家也有望成为重要增量。2026 年我们看好 指数继续上攻，炒股软件是牛市先锋，成交活跃下选择肌肉记忆票，牛市 有望持续受益，建议关注同花顺、东方财富、九方智投、指南针等。2）新 货币：数字人民币与人民币国际化双轮驱动。数字人民币 2.0 在 1 月 1 日 正式实施，从 M0 到 M1 的货币属性跃迁。同时，人民币国际化持续推进， 《人民币跨境支付系统业务规则》将自 2026 年 2 月 1 日起施行，加大拓 展 CIPS 网络力度是工作重点。数字人民币建议关注收单方、清算机构以 及银行做数币支付系统厂商，如新大陆、新国都、拉卡拉等；人民币国际 化核心受益方包括 CIPS 相关厂商。 AI 应用：C 端看巨头起舞，B 端是最后一公里的赛跑。1）在即将到来的 2026，模型端的进步仍然值得期待：采用 s ...

| 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | | 成交额(元) | | --- | --- | --- | --- | --- | --- | --- | | 002970 | 锐明技术 | 60.91 | 10.01% | | 17.18万 | 10.44亿 | | 300275 | 梅安森 | 13.69 | 3.79% | | 24.33万 | 3.30亿 | | 300368 | 汇金股份 | 13.36 | 1.37% | | 26.99万 | 3.55亿 | | 600100 | 同方股份 | 9.57 | 1.16% | | 169.28万 | 16.14亿 | | 300302 | 同有科技 | 21.79 | 1.16% | | 40.46万 | 8.91亿 | | 920190 | 雷神科技 | 27.36 | 1.11% | | 2.88万 | 7956.24万 | | 300789 | 唐源电气 | 22.95 | 1.10% | | 3.40万 | 7793.81万 | | 002835 | 同为股份 | 17.39 | 1.05% | | 9.68万 | 1.7 ...

（文章来源：证券日报） 证券日报网讯 1月28日，新大陆在互动平台回答投资者提问时表示，截至2026年1月10日，公司股东人 数为64225户。 ...

证券日报网讯1月28日，新大陆（000997）在互动平台回答投资者提问时表示，截至2025年12月31日， 公司股东人数为69285户。 ...

证券日报网讯1月28日，新大陆（000997）在互动平台回答投资者提问时表示，公司以巴西为核心深耕 拉美市场，并正加速拓展墨西哥、阿根廷等新兴区域。作为全球化布局的关键支撑，公司通过联动全球 7大工业4.0智能化生产基地，实现48小时快速订单响应，有效应对宏观经济波动与区域发展差异，为全 球交付提供坚实基础。凭借全球供应链的灵活产能调配，公司进一步提升了市场竞争力，在欧美、拉 美、中东及非洲等市场持续扩大业务。2025年前三季度，公司智能设备海外销售收入同比增长超过 26%，且第三季度毛利率环比呈现稳中向好态势。当前，公司坚持市占率优先战略，积极推进全球化 2.0布局，在进入壁垒高、盈利潜力大的欧美市场持续积累、逐步突破，在拉美、中东非等新兴市场已 取得显著拓展成效。 ...

Investment Rating - The report rates the computer industry as "Overweight," indicating that the industry is expected to outperform the overall market [9]. Core Insights - Clawdbot signifies a transition in AI product forms from "scene-level assistants" to "system-level Agent platforms," emphasizing comprehensive execution capabilities across tools and systems [3]. - The evolution of Agents is marked by a clear path from Skills to Claude Excel and Clawdbot, shifting market focus from model parameters to the ability to execute complex tasks and integrate external tools [3]. - Clawdbot's revolutionary aspect lies in its ability to understand high-level user intentions and autonomously break them down into ordered steps, enhancing automation in complex workflows [3]. - The deployment of system-level Agents faces challenges such as high complexity in enterprise deployment, data security concerns, and the need for improved stability and traceability across systems [3]. - The acceleration of Agent deployment does not imply the replacement of traditional software but rather positions Agents as intelligent interaction and automation hubs, enhancing overall efficiency [3]. Summary by Sections AI Application Key Companies Valuation - The report includes a valuation table for key AI application companies, detailing their market capitalization and projected net profits for 2024 to 2027, with notable companies such as Kingsoft Office, Yonyou Network, and Zhongkong Technology [4].

刚刚过去的2025年，对于人工智能领域而言，是硬件落地、场景开花的关键一年。在众多细分赛道中，机器人产业尤为引人注目。从实验室里的惊艳展 示，到工厂车间中的高效分拣，机器人正逐步从科幻走向现实。 "短期来看，近期行业可能出现一些催化因素，如特斯拉即将发布新一代人形机器人，国内本体厂商龙头也在积极筹备上市，持续活跃资本市场。"刘玉表 示，就2026年来看，规模放量是行业的主流预期，全球人形机器人产量有望冲击十万台量级，这背后是商业化落地的持续驱动，包括商业服务、制造、工 业巡检、教育等多种细分场景的成熟落地，有望构建多元化的增长曲线。 她尤为关注人工智能大模型对于机器人的重塑。"'视觉-语言-动作'模型，将成为机器人的'智慧大脑'，使其从执行预设指令迈向具备自主理解和决策能力 的阶段。" 与此同时，灵巧手、电子皮肤等硬件技术的迭代，将持续拓展机器人的能力边界。未来，随着商业航天、脑机接口等技术相继成熟，人形机器 人应用市场可能会更加广阔。 在广发新动力基金经理刘玉看来，这场浪潮才刚刚开始。由其管理的广发新动力从2025年四季度开始重点关注人形机器人，包括与特斯拉等头部企业深度 绑定的供应链标的、技术迭代带来的新 ...

刚刚过去的2025年，对于人工智能领域而言，是硬件落地、场景开花的关键一年。在众多细分赛道中， 机器人产业尤为引人注目。从实验室里的惊艳展示，到工厂车间中的高效分拣，机器人正逐步从科幻走 向现实。 在广发新动力基金经理刘玉看来，这场浪潮才刚刚开始。由其管理的广发新动力从2025年四季度开始重 点关注人形机器人，包括与特斯拉等头部企业深度绑定的供应链标的、技术迭代带来的新增部件需求， 以及国产供应链的成长机会。 "投资创新产业就像是一场需要专业、耐心和定力的长跑。"刘玉说，"我们无法精准预测浪潮的每一个 波纹，但我们相信潮水的方向，是在奔向那由智能机器重新定义生产效率与生活方式的未来港口。这场 航行必然伴有风浪，但唯有驶向深海，才能发现新大陆。" 远景：从"1-10"到"10-100"的跨越 回顾2025年，刘玉认为，机器人产业经历了数个里程碑式的突破。产业进入量产元年，国内机器人产量 超预期，已达到上万台级别。机器人不再仅仅是视频中跳舞、空翻的表演者，而是在物流分拣、工业巡 检甚至家庭服务中承担实际任务的工作者。 更关键的是，成本拐点的出现为产业规模化扫清了障碍。"核心零部件的国产化突破成为降本关键，人 形机 ...

05财富视野 ...