[Table_Title] 上海学习稳定币，全球政策共振 [Table_Title2] 计算机行业周报 [Table_Summary] 本周观点: 一、上海市国资委党委召开专题学习会，中国香港《稳 定币条例》落地在即 上海市国资委党委召开专题学习会，稳定币政策预期有 望强化。根据证券时报消息，7 月 10 日，市国资委党委 召开中心组学习会，围绕加密货币与稳定币的发展趋势 及应对策略开展学习。市国资委党委书记、主任贺青主 持会议并讲话。贺青讲话提及，加强对数字货币的研究 探索，探索区块链技术在跨境贸易、供应链金融、资产 数字化等领域的运用。我们认为，继海外及香港稳定币 政策相继出台后，国内政策出台预期有望强化。 中国香港《稳定币条例》已正式发布，预计 8 月 1 日正 式实施。根据新华社消息，中国香港立法会 21 日通过 《稳定币条例草案》，在中国香港设立法币稳定币发行 人的发牌制度，完善对虚拟资产活动的监管框架，保持 金融稳定，同时推动金融创新。6 月 6 日，中国香港特 别行政区政府于宪报刊登《稳定币条例（生效日期）公 告》，指定 2025 年 8 月 1 日为《稳定币条例》（第 656 章）开始实施的日 ...

Core Insights - The article presents the market capitalization rankings of the top 50 Chinese technology and internet companies as of July 11, 2025, highlighting significant players in the industry [1]. Group 1: Top Companies by Market Capitalization - TSMC leads the list with a market capitalization of approximately $11,916.56 million [3]. - Tencent Holdings ranks second with a market capitalization of about $5,885.24 million [3]. - Alibaba is in third place with a market capitalization of around $2,544.49 million [3]. - Pinduoduo follows in fourth place with a market capitalization of $1,490.20 million [3]. - Meituan and NetEase are also notable, with market capitalizations of $947.31 million and $807.83 million, respectively [3][4]. Group 2: Additional Notable Companies - Semiconductor Manufacturing International Corporation (SMIC) has a market capitalization of $472.08 million, ranking eighth [4]. - JD.com and Tencent Music are positioned ninth and tenth, with market capitalizations of $450.04 million and $309.78 million, respectively [4]. - Baidu and Li Auto are also significant players, with market capitalizations of $304.03 million and $291.16 million [4]. Group 3: Emerging and Smaller Companies - Companies like Xpeng Motors and ZTO Express have market capitalizations of $166.15 million and $154.59 million, respectively [4]. - Other companies in the list include iFlytek with $149.34 million and Baosight Software with $95.10 million [4][5]. - The list also features companies like Kingdee International and Wancloud Data, with market capitalizations of $70.72 million and $67.09 million, respectively [5].

Group 1 - The 2025 International Low Altitude Economy Expo will be held from July 23 to 26, covering an area of 60,000 square meters and expecting over 50,000 visitors [1] - Nearly 300 exhibitors, including well-known companies such as DJI, Puzhou, and China Post Express Logistics, will participate in the expo [1] - The number of low-altitude economy enterprises has rapidly increased, with 4,885 companies established in 2024 and 4,356 in the current year, nearing last year's total [1] Group 2 - The low-altitude economy in China reached a scale of 505.95 billion yuan in 2023, with a growth rate of 33.8%, and is expected to exceed 1 trillion yuan by 2026 and reach 2 trillion yuan by 2030 [2] - The civil drone industry in China reached a scale of 117.43 billion yuan in 2023, with consumer drones holding 74% of the global market share and industrial drones over 55% [2] - Low-altitude economy concept stocks have shown an average increase of 10.15% this year, with notable performers including Aerospace Nanhu and Tianshan Electronics, with increases of 123.65% and 87.15% respectively [2] Group 3 - Zongshen Power has forecasted a net profit of 479 million to 564 million yuan for the first half of the year, representing a year-on-year growth of 70% to 100% [3] - The median rolling price-to-earnings ratio for low-altitude economy concept stocks is 56.96 times, with only a few stocks, such as Design Institute and China Communications Design, having a rolling P/E ratio below 20 times [3] - 34 low-altitude economy concept stocks have been investigated by institutions this year, accounting for nearly 50% of the total, with nine stocks receiving over 100 institutional inquiries [3] Group 4 - Zhongke Chuangda has accumulated relevant technology in the low-altitude economy field, including IoT sensors, communication technology, and advanced navigation algorithms [4]

证券代码：300496 证券简称：中科创达 公告编号：2025-035 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记 载、误导性陈述或重大遗漏。 中科创达软件股份有限公司（以下简称"公司"）于2025年4月7日召开第五 届董事会第七次会议审议通过《关于回购公司股份方案的议案》，公司拟以集中 竞价交易方式回购公司股份，本次用于回购的资金总额为不低于人民币5,000万 元（含），不超过人民币10,000万元（含），回购价格不超过96元/股。具体回 购资金总额以公司公告回购方案实施完毕之日实际使用的资金总额为准。本次公 司回购股份的资金来源为公司自有或自筹资金。回购的股份将用于员工持股计划 或股权激励。本次回购股份的实施期限为自公司董事会审议通过本次回购股份方 案之日起12个月内。具体内容详见公司披露于巨潮资讯网的相关公告。 根据《深圳证券交易所上市公司自律监管指引第9号—回购股份》等相关规 定，回购期间，公司应在每个月的前3个交易日内披露截至上月末的回购进展情 况。现将公司截至2025年6月30日的回购进展情况公告如下： 一、 股份回购进展情况 公司拟向银行申请回购专项贷款用于继续实施本次 ...

Core Insights - The article presents the market capitalization rankings of the top 50 Chinese technology and internet companies as of July 3, 2025, highlighting significant players in the industry [1]. Group 1: Top Companies by Market Capitalization - Alibaba leads the list with a market capitalization of $2,641.6 billion [3]. - Xiaomi Group follows with a market cap of $1,925.84 billion [3]. - Pinduoduo ranks fourth with a valuation of $1,476.01 billion [3]. - Meituan and NetEase are also notable, with market caps of $963.67 billion and $842.15 billion, respectively [3][4]. Group 2: Additional Notable Companies - JD.com and SMIC (Semiconductor Manufacturing International Corporation) have market capitalizations of $468.06 billion and $449.86 billion, respectively [4]. - Kuaishou and Baidu are also included, with market caps of $329.93 billion and $297.16 billion [4]. - Other companies like Tencent Music, Li Auto, and Beike have market caps ranging from $211.93 billion to $296.92 billion [4][5]. Group 3: Companies with Lower Market Capitalization - Companies such as Vipshop, Kingdee International, and Ufine Network have market caps between $61.18 billion and $77.59 billion [5][6]. - The list continues with firms like Perfect World and Reading Group, which have market caps of $39.38 billion and $37.76 billion, respectively [6].

证券代码：300496 证券简称：中科创达 公告编号：2025-034 中科创达软件股份有限公司 关于完成工商变更登记并换发营业执照的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记 载、误导性陈述或重大遗漏。 中科创达软件股份有限公司（以下简称"公司"）第五届董事会第八次会议及公司 2024年年度股东大会审议通过《关于增加公司注册资本并修改<公司章程>的议案》，鉴 于公司2024年回购的808,400股股份已完成注销，公司总股本由460,008,294股减少至 459,199,894股。此外，因公司2020年限制性股票激励计划第四个归属期可归属的 812,125股限制性股票已完成归属并上市流通，公司总股本由459,199,894股增加至 460,012,019股。 公司于近日办理完成了工商变更登记手续并取得了北京市海淀区市场监督管理局 颁发的《营业执照》。 具体信息如下： 统一社会信用代码：91110000672354637K 名称：中科创达软件股份有限公司 住所：北京市海淀区清华东路9号创达大厦1层101-105室（东升地区） 法定代表人：赵鸿飞 注册资本：人民币46001.20 ...

中科创达 20250618 摘要 受益于 AI 手机研发需求复苏和高通新芯片的推出，公司手机业务在 2025 年呈现增长态势，扭转了 2024 年的下滑趋势。大模型和 AI 技术 在操作系统和芯片层面的结合，以及语音交互等具体场景的应用，推动 了系统级复苏和大规模定制开发。 公司与字节跳动共建联合实验室，在大模型应用领域展开深度合作，推 动其在汽车端和智能硬件端的转化和应用。通过火山引擎汽车大模型生 态联盟，公司推出端云协同 AI 座舱解决方案，提升座舱交互体验。 公司在物联网领域布局丰富，产品包括机器人、AR/VR/MR 设备、AI 眼 镜等，均与大模型及 AI 技术结合进行端侧部署。最新 AI 眼镜方案采用 高通双芯片架构，结合 AR 能力和眼动追踪技术，实现高效 AI 交互。 公司推出基于高通芯片的 AI PC 参考设计，算力达到 40TOPS，支持 130 亿参数的 AI 模型，并预装 Windows 11 IoT 系统。这些参考方案 旨在加速品牌厂商和 ODM 厂商的端到端实现。 DuerOS 操作系统旨在支持舱架融合，通过与英伟达、高通等芯片合作， 将智能座舱操作系统建立起来，实现两域打通，为车厂 ...

Summary of Zhongke Chuangda's Conference Call Company Overview - **Company**: Zhongke Chuangda (中科创达) - **Industry**: AI technology, robotics, mobile devices, IoT Key Points and Arguments Product Developments - **DolphinOS 1.0 EVA**: Launched to enhance user interaction through voice commands, significantly improving user experience [2][3] - **AI Glasses**: Utilizes Qualcomm 5,100 SoC dual-chip architecture, offering low power consumption and AR display capabilities, with Bluetooth power reduced by 30% and standby power by 75% [2][3] - **Robotics**: Established a robotics company in October 2023, introducing logistics robots with precise positioning and navigation capabilities, supported by a computing platform ranging from 12TOPS to 80TOPS [2][5] Business Strategy - **AI Integration**: Continuous updates to the operating system and application frameworks to enhance convenience and user experience, integrating Android and RTOS systems to improve boot and response speeds [2][6] - **Global Expansion**: R&D centers established in 16 countries to support local needs and global collaboration, focusing on partnerships with chip manufacturers and large model companies [4][17][18] Market Outlook - **Positive Market Conditions**: Optimistic outlook for mobile, IoT, and edge AI businesses in 2025, driven by AI smartphone development and consumer IoT trends, with expectations of improved overall gross margins [4][10] - **AI and IoT Synergy**: The combination of AI and IoT is expected to significantly enhance industry upgrade and create diverse customer demands, leading to increased market vitality [12][13] Robotics and Automation - **Focus on Industrial Applications**: Targeting industries such as automotive, home appliances, and lithium batteries, with advancements in mobile robotics for complex environments [9][11] - **Product Development**: Emphasis on developing latent robots, unmanned forklifts, and inspection robots, with plans to expand into global markets [11] Future Development Strategies - **Ecosystem Partnerships**: Building a robust ecosystem with chip manufacturers, IoT vendors, app developers, and large model companies to enhance competitiveness and meet diverse customer needs [19] - **Sustained Global Strategy**: Commitment to global expansion despite macroeconomic challenges, leveraging technology innovation to mitigate impacts from tariffs and external pressures [16][18] Competitive Advantages - **Strong Technical Team**: The company’s technical expertise and successful case studies enable it to provide end-to-end services, particularly in overseas markets [20] - **Growth Potential**: Anticipated significant growth in overseas business, particularly in the automotive sector, supported by strategic partnerships and R&D expansions [21] Additional Important Insights - **AI's Impact on Automotive**: The automotive industry is transitioning towards integrated cockpit systems, with AI playing a crucial role in this evolution [14][15] - **Response to Global Challenges**: The company emphasizes a technology-driven approach to navigate complex global business environments, ensuring continued growth and adaptation [16]

Group 1: Investor Relations Activities - The report documents various investor relations activities, including analyst meetings and performance briefings, with participation from multiple investment firms and individuals [1][2][3]. Group 2: Overview of Intelligent Industry - The rapid development of intelligent technology is highlighted, with advancements in AI models leading to the emergence of multimodal products [3]. - The transition from cloud-based AI to edge intelligence is emphasized, showcasing the benefits of low latency and data security [4]. Group 3: Recent Progress in Edge Intelligence - The company aims to be a leader in edge intelligence, robotics, and AI-defined automotive solutions, with significant partnerships and product launches planned for 2024 and 2025 [5]. - Key products introduced include the Drip OS 1.0 Evo and TurboX AI glasses, showcasing advancements in smart automotive technology [5]. Group 4: AI and Operating Systems - The company is transitioning from smart operating systems to AI-native operating systems, integrating various technologies such as IoT, AI, and edge computing [6]. - The Drip OS serves as a core system for automotive intelligence, facilitating seamless integration of cockpit and driving functions [7][8]. Group 5: Global Market Expansion - The company has established R&D centers in 16 countries, indicating a strong commitment to expanding its global footprint in the smart automotive sector [8]. - Strategic partnerships with major automotive manufacturers are being developed to enhance the company's presence in the international market [8]. Group 6: AI Applications in Automotive - The integration of large AI models into automotive systems is transforming operational logic, moving towards a voice-command-based interaction model [9]. - The Drip OS leverages multi-agent technology to enhance various automotive scenarios, including intelligent driving assistance and personalized services [9]. Group 7: Product Development and Innovation - The company is actively developing a range of edge AI products, including AI glasses and robots, with significant improvements in performance metrics such as boot speed and response time [9]. - The focus on a turnkey platform allows for rapid deployment of diverse IoT solutions tailored to client needs [9]. Group 8: Collaboration with Chip Manufacturers - The company is deepening collaborations with leading chip manufacturers to enhance the integration of operating systems with hardware capabilities [10]. - Partnerships in the automotive sector are being strengthened to provide foundational technology for intelligent driving and cockpit systems [10].

本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记 载、误导性陈述或重大遗漏。 中科创达软件股份有限公司（以下简称"公司"）于2025年4月7日召开第五 届董事会第七次会议审议通过《关于回购公司股份方案的议案》，公司拟以集中 竞价交易方式回购公司股份，本次用于回购的资金总额为不低于人民币5,000万 元（含），不超过人民币10,000万元（含），回购价格不超过96元/股。具体回 购资金总额以公司公告回购方案实施完毕之日实际使用的资金总额为准。本次公 司回购股份的资金来源为公司自有或自筹资金。回购的股份将用于员工持股计划 或股权激励。本次回购股份的实施期限为自公司董事会审议通过本次回购股份方 案之日起12个月内。具体内容详见公司披露于巨潮资讯网的相关公告。 根据《深圳证券交易所上市公司自律监管指引第9号——回购股份》等相关 规定，回购期间，公司应在每个月的前3个交易日内披露截至上月末的回购进展 情况。现将公司截至2025年5月31日的回购进展情况公告如下： 一、 股份回购进展情况 证券代码：300496 证券简称：中科创达 公告编号：2025-033 中科创达软件股份有限公司 关于回购公司股份 ...