相关上市企业：海康威视（002415）、大华股份（002236） 相关企业：中国铝业集团有限公司、宝山钢铁股份有限公司、山西太钢不锈钢股份有限公司、威海光威 复合材料股份有限公司、中国巨石股份有限公司、中国联塑集团控股有限公司、广东同宇新材料股份有 限公司、歌尔微电子股份有限公司、汉威科技集团股份有限公司、中芯国际集成电路制造有限公司、宁 德时代新能源科技股份有限公司、比亚迪股份有限公司 内容概况：中国云台模块行业正处于高速增长与技术迭代的黄金期，市场规模持续扩大。产业链已从传 统机械旋转向高精度、小型化、网络化方向深度演进，特别是5G通信与边缘计算等前沿技术的融合应 用，极大地提升了系统的响应速度、稳定性及智能化水平。2024年，中国云台模块行业市场规模约为 12.58亿元，同比增长6.97%。 关键词：云台模块、云台模块市场规模、云台模块行业现状、云台模块发展趋势 一、行业概述 云台模块是集成机械结构、驱动系统、控制系统及传感器的精密装置，用于支撑并稳定设备（如摄像 机、传感器等），通过多轴运动实现方向调整与姿态控制。其本质是一个独立的"姿态控制系统"，能够 主动抵消或修正因载体（如无人机、车辆、手持设备 ...

超高清摄像头已广泛覆盖城市交通、产业园区、商业综合体等场景，视频成为安防防控与运营决策的核心数据基座。但数据洪流背后暗藏"存储困局"：调研 显示，约70%的监控视频为静止或低价值画面，与有效内容混存不仅造成存储资源浪费，更推高了硬件采购与机房运维的综合成本。 作为安防行业技术演进推动者，海康威视二十余年来以"挖掘视频核心价值"为锚点，持续引领行业创新。近日发布的观澜编码新技术，凭借对行业的深刻洞 察与AI驱动的精准编码逻辑，打破"画质与存储效率不可兼得"的行业魔咒，为千行百业提供"降本不降效"的存储优化方案。 技术积淀：实战淬炼核心能力 海康威视对视频价值的挖掘源于多年来的技术迭代和实战经验： 2015年率先将深度学习算法融入前端设备，开启安防AI时代。 2017年推出AI Cloud三级架构，破解"算力分散、协同不足"痛点，为AI落地提供了有力支撑。 2018年推出AI开放平台，帮助零算法基础客户开发专属行业算法，促进视频感知技术和产业应用的深度融合。 2021年海康威视正式投入观澜大模型研发，构建"基础-行业-任务"三级体系，筑牢视频理解算法根基。 从"看得见"的基础感知到"看得清"的精准呈现，再到"看得 ...

Core Viewpoint - Hikvision is leading the transformation from traditional manufacturing to intelligent manufacturing, showcasing significant advancements in automation and efficiency through its smart factory initiatives [1][3]. Group 1: Smart Factory Features - The smart factory at Hikvision's Tonglu manufacturing base spans over 860,000 square meters and utilizes mobile robots and automated production lines, achieving a 243% increase in efficiency compared to traditional lines [1]. - Hikvision's smart factory is designed to handle highly fragmented market demands, enabling "multi-variety, small-batch, large-scale customization" through a complete closed-loop system of "perception-decision-execution" [2][3]. - The factory employs advanced digital systems (APS, MPM, MES, WMS, SRM) to connect the entire production process digitally, integrating numerous AI algorithms for intelligent demand forecasting and production scheduling [3][4]. Group 2: AI and Automation - The "AI brain" of the smart factory allows for rapid production planning and material requirement scheduling, capable of processing 10,000 orders and hundreds of thousands of raw materials daily [3]. - An intelligent order merging model reduces line change frequency by 50%, allowing for quicker order switches, averaging just 9 minutes per change [4]. - High-precision industrial cameras and X-ray detection systems enhance quality control, achieving a 30% increase in detection efficiency and an 80% improvement in accuracy for internal defect detection in PCBA circuit boards [6][8]. Group 3: Collaborative Robotics - Over 1,500 mobile robots operate collaboratively within the smart factory, automating the entire process from raw material handling to finished product storage [8]. - The factory utilizes a "black light warehouse" model for precise and automated material delivery, enhancing operational efficiency across multiple floors and factories [8][9]. - Hikvision's intelligent manufacturing solutions have been shared with over 2,000 suppliers and 800,000 channel partners, promoting digital collaboration across various industries [9].

Core Viewpoint - The Zhejiang Provincial Department of Science and Technology has announced the project list for the 2026 "Pioneer Leading Goose + X" technology plan, which includes a total of 441 projects, comprising 69 "Pioneer" projects, 309 "Leading Goose" projects, and 63 technology cooperation projects [1][2]. Group 1: Project Overview - The 2026 "Pioneer Leading Goose + X" technology plan includes 441 projects in total [1][2]. - The projects are categorized into three types: "Pioneer" projects, "Leading Goose" projects, and technology cooperation projects [1][2]. Group 2: Project Details - The "Pioneer" projects include advanced technologies such as high-consistency diamond NV sensor mass production technology and quantum sensor preparation research [5][6]. - The "Leading Goose" projects focus on environmental technology, including key technologies for the treatment of new pollutants in various industries [8][9]. Group 3: Implementation Guidelines - Project units are required to submit project task books through the Zhejiang Provincial Science and Technology Management Platform by specified deadlines, with penalties for late submissions [3][4]. - The management of funds must adhere to specific regulations to ensure proper allocation and usage [4].

超高清摄像头已广泛覆盖城市交通、产业园区、商业综合体等场景，视频成为安防防控与运营决策的核心数据基座。但数据洪流背后暗藏"存储困局"：调研 显示，约70%的监控视频为静止或低价值画面，与有效内容混存不仅造成存储资源浪费，更推高了硬件采购与机房运维的综合成本。 作为安防行业技术演进推动者，海康威视二十余年来以"挖掘视频核心价值"为锚点，持续引领行业创新。近日发布的观澜编码新技术，凭借对行业的深刻洞 察与AI驱动的精准编码逻辑，打破"画质与存储效率不可兼得"的行业魔咒，为千行百业提供"降本不降效"的存储优化方案。 技术积淀：实战淬炼核心能力 海康威视对视频价值的挖掘源于多年来的技术迭代和实战经验： 2015年率先将深度学习算法融入前端设备，开启安防AI时代。 2017年推出AI Cloud三级架构，破解"算力分散、协同不足"痛点，为AI落地提供了有力支撑。 2018年推出AI开放平台，帮助零算法基础客户开发专属行业算法，促进视频感知技术和产业应用的深度融合。 从端侧分布式算力转向云边侧规模化算力部署。 从人、车等核心目标识别拓展至全品类长尾物体覆盖。 从标签式筛选升级为语义化人机多模态交互。 多年来，海康威视服务 ...

Core Insights - The Chinese video exchange system industry is entering a new phase of development driven by technology, with a market size projected to reach approximately 12.865 billion yuan in 2024, reflecting a year-on-year growth of 5.27% [1][8]. Industry Overview - Video exchange systems (MTP) are integrated hardware and software systems that ensure secure video transmission across networks through device authentication, signal filtering, and one-way transmission mechanisms, supporting high reliability in public safety and emergency command scenarios [4][1]. Industry Chain - The upstream of the video exchange system industry consists of video user authentication servers (TMS), video access authentication servers (UMS), and security isolation gateways (GAP) [4]. - The midstream includes system integration and equipment manufacturing, while the downstream applications span video surveillance, intelligent transportation, emergency command, public safety, remote conferencing, data sharing, and smart services [4]. Market Size - The market for video exchange systems in China is expected to grow significantly, driven by the explosion of 5G-A/6G, ultra-high-definition, and immersive video applications, evolving from a simple audio-video connection tool to a key infrastructure for digital transformation [1][8]. Key Companies' Performance - The industry is characterized by a competitive landscape where major players like Huawei lead with end-to-end solutions and 5G/AI integration, while specialized companies like Qiming Star focus on video IoT security [9][10]. - Guangha Communication has reported a revenue of 332 million yuan in the first three quarters of 2025, marking a year-on-year increase of 41.90% [10]. - Xingtong New Science and Technology has achieved a revenue of 91 million yuan in the same period, reflecting a growth of 31.99% [11]. Industry Development Trends 1. The transition to IP-based technology and cloud-network integration is reducing system wiring complexity and costs, with standards like NDI and SMPTE ST 2110 becoming mainstream [13]. 2. AI integration is transforming video exchange systems from mere transmission channels to intelligent hubs capable of real-time analysis and insights [14]. 3. The national strategy for information technology innovation is driving the restructuring of the industry towards self-sufficiency and ecological reconstruction, leading to a more diversified competitive landscape [15][16].

Group 1 - As of the report date, 1494 A-share companies have implemented share buybacks in 2025, with a total amount exceeding 1392.84 billion yuan [1] - Among these, 14 companies have repurchased more than 1 billion yuan, with Midea Group leading at 115.45 billion yuan [1] - Other notable companies include Kweichow Moutai with 59.99 billion yuan and CATL with 43.87 billion yuan in buybacks [1] Group 2 - The top companies by buyback amount include: - Midea Group: 15,707.08 thousand shares, 115.45 billion yuan [1] - Kweichow Moutai: 392.76 thousand shares, 59.99 billion yuan [1] - CATL: 1,606.23 thousand shares, 43.87 billion yuan [1] - XCMG Machinery: 35,771.18 thousand shares, 30.50 billion yuan [1] - Muyuan Foods: 5,749.49 thousand shares, 25.01 billion yuan [1]

Core Insights - The image capture card industry in China is experiencing growth driven by the demand for industrial automation and digital transformation, with market size expected to reach approximately 6.07 billion yuan in 2024 and 7 billion yuan in 2025 [1][11] - The industry is characterized by a clear supply chain, with upstream components primarily consisting of core chips, midstream manufacturers focusing on customized solutions, and downstream applications heavily centered on industrial automation [1][7] Industry Overview - Image capture cards, also known as video capture cards, serve as essential hardware connecting computers to external image sources, converting signals for digital processing [2][3] - The core functions include real-time transmission, caching, and preprocessing of image signals [2][4] Industry Chain Analysis - The upstream of the industry relies on core components and software, with high-end chips being imported but domestic FPGA/ASIC chips rapidly replacing them [7][9] - Midstream manufacturers are breaking into the mid-tier market with customized solutions and gradually penetrating high-end sectors [7] - Downstream applications are diverse, with industrial automation accounting for over 45% of demand, and new applications like autonomous driving and telemedicine emerging as growth areas [7][9] Market Size and Growth - The FPGA market in China is projected to grow significantly, reaching approximately 27.9 billion yuan in 2024 and expected to exceed 30 billion yuan in 2025, supporting the performance and cost optimization of image capture cards [9] - The industrial automation market is anticipated to surpass 322.5 billion yuan by 2025, driving demand for high-bandwidth, low-latency capture cards [9][10] Competitive Landscape - The industry features a layered competitive structure, with international leaders dominating high-performance markets while domestic companies leverage cost-effectiveness and localized services to establish advantages in mainstream sectors [11][12] - Domestic firms are focusing on addressing practical challenges in industrial settings, developing low-latency transmission and multi-channel synchronization capabilities [12] Development Trends - The industry is expected to evolve towards three main directions: technological integration of high-speed interfaces and AI, standardization and modular design for better compatibility, and expansion into cross-domain applications such as healthcare and intelligent transportation [12][15] - Standardization efforts will aim to unify interface protocols and software, reducing integration costs and development cycles [12][14] - The application scope will extend beyond traditional industrial automation to include high-precision medical imaging, real-time monitoring in security, and defect detection in high-end manufacturing [15]

截至发稿，马超累计任职时间4年31天，现任基金资产总规模4.19亿元，任职期间最佳基金回报 41.24%， 任职期间最差基金回报-13.12%。 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。 责任编辑：小浪快报 数据显示，鹏扬基金旗下1只基金重仓海康威视。鹏扬中证A500指数增强A（022756）三季度持有股数 5.95万股，占基金净值比例为1.07%，位居第八大重仓股。根据测算，今日浮盈赚取约1.78万元。 鹏扬中证A500指数增强A（022756）成立日期2025年3月4日，最新规模1.35亿。成立以来收益26.22%。 鹏扬中证A500指数增强A（022756）基金经理为马超。 12月30日，海康威视涨1.01%，截至发稿，报29.90元/股，成交6.60亿元，换手率0.25%，总市值2740.30 亿元。 资料显示，杭州海康威视数字技术股份有限公司位于浙江省杭州市滨江区物联网街518号，成立日期 2001年11月30日，上市日期2010年5月28日，公司主营业务 ...

| 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | --- | --- | --- | --- | --- | --- | | 300270 | 中威电子 | 11.70 | -3.23% | 18.90万 | 2.23亿 | | 300155 | 安居宝 | 5.65 | -2.92% | 12.90万 | 7325.92万 | | 301391 | 卡莱特 | 81.17 | -2.87% | 1.13万 | 9274.59万 | | 300552 | 万集科技 | 31.55 | -1.62% | 28.76万 | 9.12亿 | | 301600 | 慧翰股份 | 134.80 | -1.43% | 1.50万 | 2.01亿 | | 300551 | 古鳌科技 | 15.86 | -1.37% | 18.78万 | 3.01亿 | | 300462 | ST华铭 | 11.18 | -1.06% | 2.72万 | 3050.98万 | | 603516 | 淳中科技 | 225.01 | -1.05% | 6.50万 | 14.47亿 | | 300249 | ...