每经AI快讯，时空大数据板块领涨，上涨2.92%。其中，中国卫星上涨9.08%，航宇微上涨4.19%，航天 宏图上涨3.57%，大华股份、合众思壮涨超2%。 每日经济新闻 ...

10月22日，三大指数震荡修整，相关ETF方面，机器人指数ETF （560770）低开高走，截至发稿，该 ETF持续走强上涨1.01%，盘中现溢价。成份股方面，中信重工三连板涨停，秦川机床、华中数控涨超 3%，石头科技、汇川技术、伟创电气上涨2%。 据wind金融终端显示，截至10月21日，10月以来，机器人指数ETF（560770）获资金净申购超5亿元， 最新规模突破19.2亿元，再创上市以来新高！ 资料显示，机器人指数ETF（560770）追踪中证机器人指数，选取系统方案商、数字化车间与生产线系 统集成商、自动化设备制造商、自动化零部件商以及其它机器人相关上市公司证券作为指数样本，以反 映上市公司中机器人相关证券的整体表现。据中证指数官网，其前十大成份股涵盖了汇川技术、科大讯 飞、石头科技、大华股份、中控技术、大族激光、双环传动、科沃斯、机器人、云天励飞。 国泰海通证券指出，近期外部扰动不会终结趋势，回调即是增配A股机器人、半导体等创新产业的机 会。中国的AI创新提速，新兴科技仍是主线，我们认为市场风格仍将聚焦产业发展、"反内卷"和稳定价 值。 （文章来源：21世纪经济报道） 兴业证券最新研报指出，10月 ...

榜单结果显示，通信设备、显示面板、服务器等硬件设备领域的龙头企业仍然在 科技 创新上保持领 先，半导体产业链公司展现出强劲的研发韧性与技术突破能力，而软件服务公司则在人工智能、大模 型、安全与金融科技等前沿领域不断涌现新成果。整体上，榜单不仅反映出硬科技企业在 人才积 累、研发强度、专利产出 等方面的真实情况，也折射出中国硬科技产业在2025年所展现出的 技术 进取心与产业竞争力 。 2025 中国硬科技上市公司价值榜 【子榜单2】 2025中国硬科技上市公司 科技创新力 CF行榜TOP30 01 | 中兴通讯 000063.SZ 通信设备与ICT解决方案供应商 无线/有线网络设备(基站、光传输、核心网）、算力与 服务器、终端产品(手机) 02 | 大华股份 002236.SZ 视频监控与智能安防产品与解决方案供应商 大华雷视融合一体机、热成像双目云台、智能PoE系列等 03 | 海康威视 002415.SZ 视频感知与智能物联(安防+AI)龙头 摄像机/视频编码、Al视频分析、大数据与云端平台等 04 | 科大讯飞 002230.SZ 人工智能与语音/大模型平台公司 在全球科技竞争加速、产业升级步伐加快的背 ...

Core Insights - The MicroLED concept sector saw a rise of 3.03%, ranking 8th among concept sectors, with 48 stocks increasing in value, including ShenKangJia A, which hit the daily limit, and notable gains from InnoLaser, Zhouming Technology, and Lianying Laser, which rose by 11.80%, 8.10%, and 8.08% respectively [1][2] Market Performance - The MicroLED sector experienced a net inflow of 631 million yuan, with 30 stocks receiving net inflows, and 6 stocks exceeding 50 million yuan in net inflow. ShenKangJia A led with a net inflow of 154 million yuan, followed by TCL Technology, Dahua Technology, and Dazhu Laser with net inflows of 124 million yuan, 122 million yuan, and 80.98 million yuan respectively [1][2] Fund Flow Ratios - The top stocks by net inflow ratio included ShenKangJia A at 44.80%, Zhaochi Shares at 15.95%, and TCL Technology at 12.71% [2][3] Stock Performance - Among the stocks, InnoLaser had the highest increase at 11.80%, while GQY Vision experienced the largest decline at 3.69% [1][4]

Market Overview - The computer equipment sector increased by 1.81% on October 21, with MicroPort leading the gains [1] - The Shanghai Composite Index closed at 3916.33, up 1.36%, while the Shenzhen Component Index closed at 13077.32, up 2.06% [1] Top Performers - MicroPort (code: 920198) closed at 13.13, with a significant increase of 30.00% and a trading volume of 228,400 shares, amounting to a transaction value of 282 million yuan [1] - Xiling Information (code: 300588) rose by 12.40% to close at 30.36, with a trading volume of 327,200 shares and a transaction value of 957 million yuan [1] - Longke Technology (code: 300042) increased by 6.91% to close at 30.34, with a trading volume of 402,100 shares and a transaction value of 122.5 million yuan [1] Sector Fund Flow - The computer equipment sector saw a net inflow of 1.543 billion yuan from institutional investors, while retail investors experienced a net outflow of 930 million yuan [2] - The main funds showed a net inflow in several stocks, including Zhongke Shuguang (code: 603019) with a net inflow of 571 million yuan [3] Notable Decliners - Allianz Vision (code: 301042) saw a decline of 4.30%, closing at 61.88, with a trading volume of 34,300 shares and a transaction value of 212 million yuan [2] - Zhongwei Electronics (code: 300270) decreased by 2.33% to close at 12.13, with a trading volume of 569,200 shares and a transaction value of 68.5 million yuan [2]

作者 | 不吃麦芽糖 编辑 | Shadow 最近，一场突如其来的清理行动，几乎瞬间击中跨境电商行业神经。 10月10日，美国联邦通信委员会（FCC）正式启动"清洁购物车行动"（Operation Clean Carts），这一次， 矛头直指跨境电商平台上中国制造的电子产品。 图源：FCC 亚马逊、eBay等美国主要平台下架数百万件中国制造的电子产品，其中包括华为、中兴通讯、海康威 视、大华技术等企业的通信设备、安防监控和智能家居产品。 FCC称这些产品可能对美国国家安全构成风险，理由包括可能被用于监控美国公民、干扰通信网络等。 值得注意的是，对于在美卖家而言，新的风险不再仅限于平台政策或市场竞争，而是延伸至产品合规与 供应链透明度。任何与被限制企业有关的零部件，都可能成为被下架的导火索。 美国为何盯上中国电子产品？ 图源：Prepsaret 更引人关注的是，FCC计划于10月28日投票审议的新规，或将成为"脱钩"的关键分水岭。若新规通过， 不仅任何含黑名单零部件的新设备将无法获得授权，已在售、已通过认证的"存量设备"也可能被追溯撤 销。 这次"清洁购物车行动"并非突然举措，而是美国长期强化对华科技监管的一次 ...

Core Viewpoint - The U.S. government has intensified its crackdown on Chinese electronic products, leading to the removal of millions of banned items from major e-commerce platforms, particularly affecting companies like Huawei, Hikvision, ZTE, and Dahua Technology [1][3]. Group 1: Regulatory Actions - The FCC has previously issued a ban in 2022 prohibiting new devices from certain Chinese companies from being sold in the U.S. market [3]. - The recent actions involve the removal of products that either appear on the U.S. banned device list or lack FCC authorization [1][3]. - The FCC plans to hold a vote on October 28, which, if passed, would prevent any device with components from blacklisted companies from receiving FCC authorization [3]. Group 2: Market Impact - Hikvision has reported that its U.S. business accounts for less than 3% of its overseas revenue and less than 1% of total revenue [3]. - Dahua Technology has also confirmed its exit from the U.S. market [3]. - The tightening of FCC policies may affect not only Chinese companies but also overseas brands that rely on components from these companies, impacting the global security equipment market [4]. Group 3: Industry Dynamics - The products being removed typically have two characteristics: they contain keywords related to banned brands and fall under categories strictly regulated by the FCC [3]. - Despite reduced sales, some e-commerce platforms still attempt to sell products using these well-known brand keywords to boost sales [3]. - The U.S. remains the largest single market for surveillance equipment globally, but increasing regulatory pressures may challenge the export of Chinese manufacturing [4].

Market Overview - The low-altitude economy sector increased by 1.77% compared to the previous trading day, with Zhenyu Technology leading the gains [1] - The Shanghai Composite Index closed at 3912.21, up 1.22%, while the Shenzhen Component Index closed at 13118.75, up 1.73% [1] Stock Performance - Notable gainers in the low-altitude economy sector included: - Nongyu Technology (300953) with a closing price of 178.03, up 11.28% and a trading volume of 100,500 shares, totaling 1.716 billion yuan [1] - Guangdian Jigu (002967) closed at 20.97, up 10.02% with a trading volume of 256,900 shares, totaling 518 million yuan [1] - Huajian Group (600629) closed at 33.85, up 10.01% with a trading volume of 849,400 shares, totaling 2.737 billion yuan [1] - New Clean Energy (605111) closed at 40.13, up 10.01% with a trading volume of 920,300 shares, totaling 3.651 billion yuan [1] Capital Flow - The low-altitude economy sector experienced a net outflow of 27.7962 million yuan from institutional investors, while retail investors saw a net inflow of 785 million yuan [2] - The capital flow for specific stocks showed: - Chang'an Automobile (000625) had a net inflow of 651 million yuan from institutional investors, while retail investors had a net outflow of 386 million yuan [3] - New Clean Energy (605111) had a net inflow of 650 million yuan from institutional investors, with retail investors experiencing a net outflow of 270 million yuan [3] - Siwei Tuxin (002405) had a net inflow of 158 million yuan from institutional investors, while retail investors had a net outflow of 983 million yuan [3]

《政务领域人工智能大模型部署应用指 引》印发，AI 政务前景广阔 [Table_Industry] 计算机 [Table_Invest] [Table_Report] 本报告导读： 10 月 10 日，中央网信办、国家发改委联合印发改委印发《政务领域人工智能大模 型部署应用指引》，看好后续国内 AI+政务应用落地加速。 投资要点： 研 究 报 告 请务必阅读正文之后的免责条款部分 股 票 研 究 行 业 跟 踪 报 告 证 券 股票研究 /[Table_Date] 2025.10.12 [table_Authors] 2025-10-15 [Table_Summary] 投资建议：10 月 10 日，中央网信办、国家发改委联合印发改委印 发《政务领域人工智能大模型部署应用指引》，为各级政务部门提供 人工智能大模型部署应用的工作导向和基本参照，看好后续国内 AI+政务需求持续放量，政务场景 AI 应用落地有望加速。我们继续 看好计算机板块，重点标的：新点软件、海康威视、大华股份、数 字政通、中科星图、航天宏图，相关标的：博思软件、智洋创新、 南威软件、信息发展。 网信办、发改委联合印发《政务领域人工智能大模型部 ...

Core Viewpoint - The article discusses the recent "clean shopping cart action" initiated by the FCC, which has led to the removal of millions of Chinese electronic products from major U.S. e-commerce platforms, significantly impacting companies like Hikvision and Dahua [4][10]. Group 1: Impact of FCC Actions - The FCC has declared that millions of products containing banned brand keywords or lacking proper authorization have been removed from e-commerce platforms [6][10]. - Hikvision and Dahua have already seen a decline in their U.S. business, with Hikvision reporting that U.S. revenue accounts for less than 3% of its overseas income [4][10]. - The FCC's tightening regulations may also affect overseas companies that use components from blacklisted firms, potentially leading to broader market disruptions [14][20]. Group 2: Market Dynamics - The U.S. remains the largest single market for surveillance equipment, with approximately 30 million units shipped annually, compared to 20 million in China and 10 million in Europe [19]. - Chinese security brands face challenges in the U.S. market due to local competitors like Ring and Arlo, which benefit from better software services and localized support [20][21]. - The tightening of FCC regulations adds further pressure on Chinese brands, which must adapt to maintain market presence [20][26]. Group 3: Strategic Responses - Chinese security companies are exploring new strategies, such as adopting local storage solutions to reduce costs and address privacy concerns [22][23]. - There is a growing focus on expanding into emerging markets in Southeast Asia, South America, and Africa, where demand for surveillance solutions is increasing [24][25]. - Hikvision's 2024 annual report indicates that developing countries now account for over 70% of its overseas revenue, highlighting a shift in focus due to regulatory pressures in the U.S. [26].