Group 1 - Company signed a strategic cooperation memorandum with the Ministry of Industry and Mineral Resources of Saudi Arabia on September 26, 2025, focusing on deep collaboration in the field of industrial digital transformation [1] - The cooperation aims to enhance industrial production efficiency, product quality, and competitiveness, as well as to develop industrial supply chains and attract industrial investments [1] - The initiative includes building a global smart manufacturing super complex and assisting Chinese robotics companies in establishing operations in Saudi Arabia [1] Group 2 - A cooperation framework agreement was signed with iFlytek to provide AI and robotics ecosystem development for the Saudi smart manufacturing project [2] - The collaboration includes the establishment of a smart robot training ground and pilot center, as well as the construction of an artificial intelligence industry platform [2] - The partnership will explore applications of robotics super brain technology and AI in smart industrial scenarios [2]

Core Insights - The company signed a strategic cooperation memorandum with the Saudi Arabian Ministry of Industry and Mineral Resources to enhance industrial digital transformation and address challenges in advanced technology and industrial innovation [1][2] - The collaboration aims to improve industrial production efficiency, product quality, and competitiveness, while also developing industrial supply chains and attracting investments in technology [1][2] - The partnership with iFlytek focuses on building an AI and robotics ecosystem in Saudi Arabia, including the establishment of smart robot training grounds and pilot centers [1][2] Group 1 - The strategic cooperation memorandum was signed on September 26, 2025, focusing on deep collaboration in the field of industrial smart upgrades in Saudi Arabia [1] - The cooperation framework agreement with iFlytek aims to provide AI and robotics industry ecosystem construction for smart manufacturing projects in Saudi Arabia [1][2] - The initiative is expected to help cultivate local industrial capabilities in Saudi Arabia and create a regional hub for technology and manufacturing [1][2] Group 2 - The Saudi Ministry of Industry and Mineral Resources aims to enhance global competitiveness and economic complexity through advanced manufacturing and innovation [2] - The collaboration represents a significant milestone for the company in the Web3 domain, expanding from consumer-grade IP to industrial-grade IP [2] - The innovative business model is anticipated to create new growth opportunities for the company and positively impact its future development [2]

沙特工业和矿产部旨在透过沙特智慧制造项目培育先进制造业和创新，以提高工业知识和沙地的全球竞 争力，增强其经济复杂性，改善当前的供应链状况，提高生产力，本地化新的先进制造业部门，增加制 造业出口，引入有吸引力的高技能工作，并创造在相关全球制造业指数中实现跨越式发展的机会。 根据合作框架协议，公司与讯飞有意就沙特智慧制造项目提供 AI+机器人产业生态建设，包括共建智慧 机器人训练场及中试中心;建设人工智慧产业平台;共同探索机器人超脑技术场景应用;AI+智慧工业应用 场景建设;生态产业赋能及 AI+工业办公产品应用探索等。 智通财经APP讯，天机控股(01520)公布，于2025年9月26日，公司与沙乌地阿拉伯王国(沙特)工业和矿 产部(沙特工业和矿产部)签订了战略合作意向书，据此，双方就沙特工业智慧化升级领域达成深度合 作，制定工业数位化转型的培训和宣传计划，针对沙特在先进技术及工业创新领域相关的产业挑战提出 解决方案，加强工业生产效率、产品品质和竞争力以及工业城市基础设施方面的合作，发展工业供应 链，吸引工业投资和相关技术，促进产业融合，共同搭建面向全球的智慧制造超级复合体，协助中国的 机器人公司落地沙特。 为 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負 責，對其準確性或完整性亦不發表任何聲明，並明確表示，概不因本公告全部 或部分內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 沙特工業和礦產部是負責管理沙烏地阿拉伯工業和採礦業的實體。 總部位於首 都利雅德。 其職責包括：發佈管理公共和私營部門運營的規章制度，鼓勵該領 域的投資者，以及勘探、開發沙地阿拉伯的礦產資源。 Virtual Mind Holding Company Limited （於開曼群島註冊成立之有限公司） （股份代號：1520） 自願公告 有關 (I)沙特智慧製造項目合作意向書；及 (I I) 訊飛合作框架協議 本公告由天機控股有限公司（「 本公司 」，連同其附屬公司，統稱「 本 集 團」）董事（「董事」）會（「董事會」）自願刊發。 董事會欣然宣佈，於二零二五年九月二十六日，本公司與沙烏地阿拉伯王國 （「沙特」）工業和礦產部（「沙特工業和礦產部」）簽訂了戰略合作意向書 （「合作意向書」），據此，雙方就沙特工業智慧化升級領域達成深度合作， 制定工業數位化轉型的培訓和宣傳計劃，針對沙特在先進技術及工業創新領域 相關的產 ...

Market Overview - The Shanghai Composite Index rose by 0.90% on September 29, with 26 out of the 28 sectors in the Shenwan classification experiencing gains. The top-performing sectors were non-bank financials and non-ferrous metals, with increases of 3.84% and 3.78% respectively. The computer sector also saw a rise of 1.31% [1] - The net inflow of capital in the two markets was 9.527 billion yuan, with 13 sectors experiencing net inflows. The non-bank financial sector led with a net inflow of 12.348 billion yuan, followed by the non-ferrous metals sector with a net inflow of 2.986 billion yuan [1] Computer Sector Performance - The computer sector increased by 1.31%, with a total net inflow of 1.849 billion yuan. Out of 335 stocks in this sector, 246 stocks rose, including 4 that hit the daily limit, while 82 stocks declined. A total of 140 stocks experienced net inflows, with 12 stocks seeing inflows exceeding 100 million yuan [2] - The top three stocks with the highest net inflows were: - Zhina Zhen (指南针) with a net inflow of 1.179 billion yuan and a price increase of 9.78% - Huijin Shares (汇金股份) with a net inflow of 675 million yuan and a price increase of 20.00% - Tonghuashun (同花顺) with a net inflow of 555 million yuan and a price increase of 5.47% [2] Computer Sector Outflows - The computer sector also had stocks with significant net outflows, totaling 6 stocks with outflows exceeding 100 million yuan. The top three stocks with the highest net outflows were: - Zhongke Shuguang (中科曙光) with a net outflow of 276 million yuan and a price increase of 0.09% - Dahua Technology (大华股份) with a net outflow of 240 million yuan and a price decrease of 0.55% - Keda Xunfei (科大讯飞) with a net outflow of 210 million yuan and a price decrease of 0.46% [3]

Group 1 - The latest overseas institutional research shows that 57 companies were visited by foreign institutions in the past 10 trading days, with a focus on companies like Shenzhen South Circuit and Zhongkong Technology [3][5] - Shenzhen South Circuit received attention from 29 overseas institutions, highlighting its capacity expansion through technology upgrades and new projects in Nantong and Thailand [3] - Zhongkong Technology was visited by 20 overseas institutions and recently won two major projects from Sinopec, which are expected to significantly increase annual output and revenue [3] Group 2 - The lithium battery sector is experiencing strong performance, with various sub-sectors such as sodium-ion batteries and solid-state batteries showing significant gains [2] - The lithium battery electrolyte index increased by 6.67% with a year-to-date growth of 65.17%, indicating robust market demand [2] - The average stock price of companies that received overseas institutional research rose by 3.11% over the past 10 trading days, with notable gains from companies like Demingli and Jingzhida [5][6] Group 3 - The funding situation shows that over half of the companies that received overseas institutional research saw an increase in financing, with several companies receiving net purchases exceeding 100 million yuan [5][6] - Notable net purchases include Zhongchuang Zhiling with 342 million yuan, indicating strong investor interest [6] - The overall market sentiment remains positive, particularly in sectors related to technology and lithium batteries, driven by ongoing developments and institutional interest [1][2]

Group 1 - The core viewpoint of the article highlights that in the recent 10 trading days (from September 15 to September 26), a total of 421 companies were investigated by institutions, with the majority being from securities companies, followed by fund companies and overseas institutions [1] - Among the companies that received overseas institutional research, ShenNan Circuit was the most focused on, being visited by 29 overseas institutions [1] - The average stock price of companies that received overseas institutional research increased by 3.11% over the past 10 trading days, with notable gainers including DeMingLi, JingZhiDa, and WoDe [1] Group 2 - More than half of the stocks that were investigated by overseas institutions saw an increase in financing, with 10 stocks receiving net purchases exceeding 100 million yuan [1] - ZhongChuangZhiLing received the highest net purchase amount of 342 million yuan, followed by KeDaXunFei and JuGuangKeJi [1][2] - The table provided lists specific companies, their overseas institutional research counts, stock price changes, and net financing amounts, indicating significant interest and investment activity in these stocks [2]

Group 1 - The Shanghai Composite Index showed a slight recovery after a morning dip, with the ChiNext Index rising nearly 3% [1] - The lithium battery sector experienced strong upward momentum, with various sub-sectors such as sodium-ion batteries and solid-state batteries leading the gains [2] - The lithium battery indices reported significant increases, with the lithium battery index up by 4.22% and the power battery index up by 4.52% [3] Group 2 - A total of 421 companies were surveyed by institutions in the past 10 trading days, with 57 companies receiving attention from overseas institutions [4] - Deep South Circuit (002916) was the most focused company, receiving visits from 29 overseas institutions, highlighting its capacity expansion through technology upgrades and new projects [4] - Zhongkong Technology was also notable, with 20 overseas institutions participating in its survey, and it recently won two major projects from Sinopec, expected to generate significant annual output value [4] Group 3 - Stocks that received overseas institutional research saw an average increase of 3.11% over the past 10 trading days, with Demingli (001309) leading with a 56.95% increase [7] - More than half of the surveyed stocks received net purchases from financing clients, with Zhongchuang Zhiling (601717) receiving the highest net buy of 342 million yuan [7] - The storage industry is experiencing a positive outlook due to increased capital expenditures from major tech companies, with expectations for storage prices to maintain an upward trend in the fourth quarter [7]

Investment Rating - The report suggests a focus on leading domestic generative large model companies such as iFlytek, AI hardware companies like Hikvision, Hongsoft Technology, and Hesai, as well as companies like Maifushi that can enhance paid rates and ARPU values [2] Core Insights - The report highlights significant advancements in AI models, with Alibaba launching seven new models at the 2025 Yunqi Conference, enhancing performance and efficiency [4][11] - The overall operating strength in the second half of the year is expected to improve compared to the first half, driven by low baselines and accelerated technology implementation [11] - The report identifies high certainty investment directions in AI, including emerging hardware for edge AI, software for C-end markets, enterprise services, and large model deployments for G-end clients [11] Summary by Sections 1.1 Computer Industry Insights - The AI industry chain is experiencing high demand in computing power and software, with significant year-over-year growth in AI model bidding amounts [12] - The laser radar sector maintains high demand, with a notable increase in installation volumes for ADAS [12] 1.2 Subsector Insights - High demand sectors include AI computing power and laser radar, while sectors like industrial software and medical IT are facing some pressure [12] - The report anticipates steady growth in software outsourcing, quantum computing, and data elements, with a positive outlook for education IT and security sectors [12] Market Performance Review - From September 22 to September 26, 2025, the computer industry index rose by 0.61%, outperforming the CSI 300 index by 0.62 percentage points [14] - The top five performing companies in the computer sector during this period included Pinming Technology and Zhongwei Electronics [15] Upcoming Key Events - Significant upcoming events include the 2025 Industrial AI Co-Promotion Conference and OpenAI's Developer Conference, which may present investment opportunities in related sectors [26]

Core Points - The article discusses the preliminary evaluation results of the 2025 National Science and Technology Awards, highlighting the projects that have passed the initial review [2][3][5]. Group 1: National Natural Science Award - A total of 60 projects have passed the preliminary evaluation for the National Natural Science Award [2]. - These projects will be publicly announced on the National Science and Technology Management Information System platform [2]. Group 2: National Technology Invention Award - 51 general projects and 20 specialized projects have passed the preliminary evaluation for the National Technology Invention Award [2]. - The specialized projects will be internally announced within the relevant management and nomination units [2]. Group 3: National Science and Technology Progress Award - 134 general projects and 37 specialized projects have passed the preliminary evaluation for the National Science and Technology Progress Award [2]. - Similar to the Technology Invention Award, specialized projects will be internally announced [2]. Group 4: Objection Process - Individuals or organizations can raise objections to the announced projects within 15 days of the public announcement, following specific regulations [2]. - Objections must be submitted in writing and include necessary evidence, with personal submissions requiring identification details [2].