每经AI快讯，有投资者在投资者互动平台提问：贵公司是否有OCS（全光交换）技术？ 拓尔思（300229.SZ）12月25日在投资者互动平台表示，公司目前未涉及OCS（全光交换）技术及相关 Scale-Up智算网络底层硬件研发。拓尔思的核心聚焦于人工智能与大数据在行业应用层的深度融合，包 括大模型、智能体平台及多模态分析系统等软件与解决方案。 （记者 王瀚黎） ...

Investment Rating - The report maintains a "Recommended" investment rating for the computer industry [2][6]. Core Insights - The release of Doubao Model 1.8 and the Seedance 1.5 pro video generation model at the Force conference highlights significant advancements in AI capabilities, particularly in multi-modal agent scenarios [5]. - Doubao Model 1.8 achieved a score of 67.6 in the BrowseComp evaluation, surpassing leading models like GPT-5 High (54.9) and Gemini-3-pro (37.8), indicating its top-tier performance in complex task planning and execution [5]. - The upgraded Seedance 1.5 pro model features breakthroughs in audio-visual synchronization and multilingual dialogue alignment, enhancing its practical and commercial potential [5]. - The AI industry is transitioning from technical validation to large-scale implementation, with Doubao Model's daily token usage exceeding 50 trillion, ranking third globally [5]. - Future investment focus areas include general agent development platform vendors, vertical industry agent solution providers, and small to medium enterprises benefiting from cost-reduction policies [5]. Summary by Sections Recent Developments - The Force conference held on December 18-19, 2025, showcased the launch of Doubao Model 1.8 and the Seedance 1.5 pro model [3][5]. Market Trends - The AI ecosystem in China is led by major companies, with a focus on agents, multi-modal capabilities, and low-code solutions, which are expected to drive continued investment in computing infrastructure [6]. Investment Recommendations - Key companies to watch include: - AI Computing: Cambrian-U (688256.SH), Haiguang Information (688041.SH), Inspur Information (000977.SZ) - Agent Solutions: Kingsoft Office (688111.SH), Dingjie Zhizhi (300378.SZ), Saiyi Information (300687.SZ) - Multi-modal Solutions: Wanjing Technology (300624.SZ), iFlytek (002230.SZ), Tuolisi (300229.SZ) - AI Programming: Zhuoyi Information (688258.SH), Jinxiandai (300830.SZ) [6].

Core Viewpoint - The company's performance assessment indicators for the 2025 equity incentive plan will depend on the actual operational results in the fourth quarter of the current year [1] Group 1: Performance Assessment - The performance assessment indicators are set based on multiple factors including macroeconomic environment, historical performance, strategic goals, and industry development [1] - Actual performance may deviate from expected targets due to various influences such as intensified market competition, delayed customer procurement schedules, and postponed project deliveries [1]

Core Viewpoint - The company is focusing on the development of the "Tuotian Industry Large Model Research and AIGC Application Industrialization Project" through a targeted fundraising initiative, with a commitment to effective fund utilization and ongoing technological innovation [2]. Fundraising and Project Investment - The company has raised funds primarily for the "Tuotian Industry Large Model Research and AIGC Application Industrialization Project" [2]. - As of the first half of 2025, the project has invested 16.5891 million yuan, which accounts for 1.84% of the total committed investment [2]. - The project is expected to reach its intended usable status by October 31, 2027 [2]. Fund Utilization and Management - The company is adhering strictly to the fundraising usage plan and is arranging fund usage based on project implementation progress to ensure effective utilization [2]. - Idle raised funds are being used for cash management to enhance fund efficiency and safeguard investor interests [2]. Research and Development Efforts - The company continues to invest in research and development, driving technological advancement and product innovation [2]. - As of the first half of 2025, the company has obtained 37 software copyrights and 9 patent certificates [2]. - The company plans to increase R&D efforts to enhance its core competitiveness in the future [2].

Core Viewpoint - The company, Toris, is actively tracking and researching the latest AI technologies as a technology vendor in the AI field [2] Company Summary - Toris has engaged with investors on an interactive platform, indicating its commitment to staying updated with advancements in AI technology [2]

Core Insights - The global public opinion monitoring service market is projected to reach $7.8 billion in 2024, with China accounting for 28% of this market, reflecting a compound annual growth rate (CAGR) of 14.2%, significantly higher than the global average [1] Industry Landscape: Three Types of Players - The domestic public opinion monitoring market has formed a clear competitive gradient, with different types of service providers building differentiated advantages based on resource endowments, leading to "scene-adaptive" choices rather than "one-size-fits-all" solutions [2] - Full-domain data service providers, represented by companies like Xinlian Caitong and PR Newswire, excel in information coverage and multilingual processing capabilities, connecting over 1,500 newspapers, 2,500 broadcasting sources, and more than 15 million public accounts [2] - Vertical scene service providers focus on deep operations in specific fields, such as Qingbo Big Data's index system for short videos and Xiaohongshu, which has become a universal evaluation standard in the content industry [2][3] - Technical tool service providers, represented by companies like Zhiwei Technology and Aipusi Data, focus on solving specific monitoring pain points through technological breakthroughs, establishing technical barriers in sentiment analysis and event tracing [3] Practical Cases: Value Realization Paths in Different Scenarios - The core value of public opinion monitoring lies in providing precise insights to support decision-making, with excellent service providers demonstrating clear scene adaptability [5] - In grassroots governance, Aipusi Data's "County-level Short Video Sentinel" system showcased the value of vertical monitoring, capturing a viral video and enabling rapid response that reduced negative sentiment by 82% within 24 hours [5] - In corporate crisis prevention, a case from 360 Public Opinion Monitoring in the automotive industry highlighted the importance of sensitive information capture on vertical social platforms, successfully reducing negative sentiment from 35% to 5% [6] - In the fast-moving consumer goods sector, Huike Xunyi's competitive intelligence monitoring allowed a beverage brand to preemptively adjust its marketing strategy, resulting in an 11% increase in e-commerce conversion rates [6] - In financial compliance, Zhiwei Technology's overseas public opinion solution helped a cross-border e-commerce seller recover their store rating from 3.2 to 4.8 by collecting evidence of malicious comments [7] Industry Insights: Evolution of Technology and Selection Logic - The public opinion monitoring industry is undergoing a transformation from "tool attributes" to "decision-making hubs," with predictive monitoring reducing crisis management costs by 40% and improving decision accuracy by 35% [8] - Three major technological changes are reshaping the industry: the deep integration of large models improving semantic understanding, the standardization of multimodal monitoring, and compliance becoming a prerequisite for market entry [8][9] - The evolution of industry demand is reflected in the shift from "passive response" to "active prediction," and from "uniform solutions" to "hybrid deployments," catering to diverse data management needs [9] - Companies should prioritize "scene-based" rational logic when selecting public opinion monitoring services, focusing on global coverage for overseas markets or specific capabilities for niche industries [9][11] - The public opinion monitoring industry does not have an absolute "optimal solution," and companies should seek partners that can deeply integrate their business scenarios with monitoring technologies [11]

Group 1 - The MLOps concept has declined by 3.32%, ranking among the top declines in concept sectors, with companies like Transsion Holdings, New Juwang Network, and Oriental Guoxin experiencing significant drops [1][2] - The MLOps sector saw a net outflow of 839 million yuan in main funds today, with 17 stocks experiencing net outflows, and 5 stocks seeing outflows exceeding 30 million yuan [2] - Transsion Holdings led the outflow with a net outflow of 331 million yuan, followed by Runhe Software, Zhongke Chuangda, and Tuolisi with net outflows of 147 million yuan, 143 million yuan, and 47.83 million yuan respectively [2][3] Group 2 - The top gainers in concept sectors included Cultivated Diamonds with a gain of 2.72%, while the Kuaishou concept saw a decline of 3.56% [2] - Other sectors with notable declines included DRG/DIP at -3.21% and Web3.0 at -3.15% [2] - The trading volume for Transsion Holdings was 3.20%, while other companies like Runhe Software and Zhongke Chuangda had turnover rates of 2.81% and 4.70% respectively [2][3]

Group 1 - Guangyun Technology and Qixin Group both hit the daily limit up, indicating strong market interest [1] - Zhidingmai saw an increase of over 13%, reflecting positive investor sentiment [1] - Other companies such as Fushi Holdings, Wanxing Technology, Kaipuyun, Sanliu Ling, and Tuershi also experienced gains, suggesting a broader market rally [1]

Group 1 - The core viewpoint of the articles highlights the resurgence of the fintech sector driven by AI applications, with the China Securities Financial Technology Theme Index rebounding and constituent stocks generally closing in the green, with 51 stocks rising over 1% [1][3] - The AI assistant Qianwen App from Alibaba has surpassed 10 million downloads within a week of its public testing, making it the fastest-growing AI application, outpacing competitors like ChatGPT and Sora [3] - Financial institutions are increasingly adopting AI technologies in core business areas and back-office scenarios, indicating a significant shift towards digital transformation in the financial sector [3] Group 2 - The largest fintech ETF (159851) experienced a price increase of 2% after a period of adjustment, with a trading volume of 367 million yuan on the day [1][4] - The financial technology ETF has a current scale exceeding 9 billion yuan, with an average daily trading volume of 800 million yuan over the past six months, indicating strong liquidity and market interest [4] - East Wu Securities suggests focusing on fintech opportunities through the fintech ETF and its associated funds, emphasizing coverage of internet brokerages, financial IT, cross-border payments, and AI applications [3][4]

Core Viewpoint - The stock of Tuolisi has experienced a decline of 3.34% year-to-date, with significant fluctuations in trading volume and net capital outflow, indicating potential concerns regarding its financial performance and market sentiment [1][2]. Group 1: Company Overview - Tuolisi Information Technology Co., Ltd. was established on February 18, 1993, and went public on June 15, 2011. The company specializes in artificial intelligence products and services, big data products and services, and data security products and services [2]. - The revenue composition of Tuolisi includes 44.49% from AI software products and services, 33.73% from big data software products and services, 11.07% from security products, and 10.70% from system integration and others [2]. - As of September 30, 2025, Tuolisi had 116,700 shareholders, a decrease of 2.78% from the previous period, with an average of 7,483 circulating shares per shareholder, an increase of 2.86% [2]. Group 2: Financial Performance - For the period from January to September 2025, Tuolisi reported a revenue of 337 million yuan, a year-on-year decrease of 45.57%, and a net profit attributable to shareholders of -160 million yuan, a year-on-year decrease of 460.24% [2]. - The company has distributed a total of 325 million yuan in dividends since its A-share listing, with 55.67 million yuan distributed over the past three years [3]. Group 3: Stock Performance and Trading Activity - On November 19, Tuolisi's stock price fell by 2.03%, trading at 20.24 yuan per share, with a total transaction volume of 323 million yuan and a turnover rate of 1.81%, resulting in a total market capitalization of 17.682 billion yuan [1]. - Year-to-date, Tuolisi's stock has seen a 3.34% decline, with a 2.64% increase over the last five trading days and a 3.69% increase over the last 20 days, while experiencing a 24.28% decline over the last 60 days [1]. - The company has appeared on the "Dragon and Tiger List" twice this year, with the most recent appearance on February 5, where it recorded a net buy of -30.2733 million yuan, with total purchases amounting to 221 million yuan, accounting for 11.06% of total trading volume [1].