华宝基金 alg 0 0 10 正式纳入"互联互通"，北向资金配置优选 抑模突破 U HIND ommun 20CM高弹性 规模·流动性同类第一 规模创新高 ATULMES I SPADAZ nmm MACD金叉信号形成，这些股涨势不错！ 责任编辑：高佳 MACD金叉信号形成，这些股涨势不错！ 责任编辑：高佳 ...

Core Viewpoint - Jiangsu Qingquan Chemical Co., Ltd. has applied for a change in its listing review status to "inquired" on the Shenzhen Stock Exchange's ChiNext, aiming to raise 492.3 million yuan [1] Company Overview - Qingquan Co. specializes in the R&D, production, and sales of specialty fine chemicals and high-performance polymer materials, recognized as a national-level "little giant" enterprise focusing on advanced polymer materials and non-grain bio-based materials [1] - The company has developed a product system that includes new material monomers, green solvents, pharmaceutical and pesticide intermediates, and specialty polymer materials, with applications in various sectors such as aerospace, wind power, automotive, electronics, medical devices, chemicals, pharmaceuticals, and pesticides [1] Product and Market Position - The core products, including the new material monomer MACM and green solvent 2-MeTHF, have achieved high industry standards and are competitive against major industry players [2] - The global market share for MACM is estimated at 28% and for 2-MeTHF at 19% for the year 2024 [2] - The company has established partnerships with well-known domestic and international clients, including Zhangye Dagong, Grida Group, and Sinopec [2] Fundraising and Investment Plans - The funds raised from the IPO will be allocated to projects related to the company's main business, including the production of 5,000 tons of MACM and 4,000 tons of THF, as well as the construction of a research and development center [3] Financial Performance - Revenue for the years 2022, 2023, 2024, and the first half of 2025 is projected to be approximately 687 million yuan, 713 million yuan, 797 million yuan, and 396 million yuan respectively [3] - Net profit for the same periods is expected to be around 52.83 million yuan, 81.82 million yuan, 98.66 million yuan, and 57.91 million yuan [4] - Total assets and equity attributable to shareholders have shown fluctuations, with total assets at 1.023 billion yuan and equity at 706.95 million yuan as of June 30, 2025 [5]

Group 1 - The core idea of the article emphasizes the innovative "community enterprise" development model in Kunshan, which is guided by party building and focused on community needs, aiming to enhance grassroots governance and improve residents' well-being [1] - Kunshan has established 7 community enterprises, mobilizing a total of 2.65 million yuan in social capital, and has launched 15 convenient service scenarios benefiting over 40,000 residents [1] Group 2 - The community party organizations lead the establishment of cooperative platforms using public spaces, attracting local businesses, professional institutions, and social capital to provide services such as employment training and health consultations, creating a win-win situation for all parties involved [2] - The first community enterprise in Kunshan, "Kunshan Yiqilai Community Service Co., Ltd.," has introduced 24 "main operators" including popular shops and training institutions, serving over 3,000 residents through 72 training sessions and generating an annual revenue of 150,000 yuan [2] Group 3 - The Yanglin Community in Kunshan High-tech Zone transformed a 2,700 square meter idle office building into the "Yanglin Neighborhood Center," introducing essential services like a shared canteen and convenience supermarket, while also providing employment opportunities for 8 community residents [3] - The neighborhood center offers an 88% discount on meals for residents and new economy groups, enhancing the sense of gain and happiness among the community [3] Group 4 - A feedback mechanism has been established to create a self-sustaining model, where profits from projects like parking management and convenience supermarkets are directed towards community public services, promoting sustainable development [4] - The Yangcheng Lake Community has launched several projects, including a convenience supermarket and a reading room, providing jobs for 20 residents and generating an average monthly income of 100,000 yuan, while addressing local shopping difficulties [4]

（来源：市场星报） 星报讯 1月14日上午，记者从安徽省人民政府新闻办公室召开的新闻发布会上获悉，日前，省政府印发 《支持升级创业安徽行动若干措施》（皖政〔2025〕97号，以下简称《若干措施》），是创业安徽行动 政策的2.0版，将系统优化以创业聚人才、兴产业、增动能、促就业生态体系，标志着创业安徽行动的 整体升级。 自2022年启动创业安徽行动以来，安徽创新实行"科创、融创、共创"模式，将创业安徽工作融进全省各 项重点工作之中，全省市场经营主体突破850万户，较2021年增长28%。科技型中小企业数量达到4.2万 家，是2021年的3.7倍，居全国第5位。创建长三角区域公共创业服务联盟；协同共建中国科大科技商学 院等知名平台，培育省级创新创业孵化载体1500余个。打造覆盖企业全生命周期的基金丛林，年均发放 创业担保贷款150亿元。推进高效办成个人创业"一件事"，集成13个创业事项，办理耗时由13天减少到3 天。优化省创业服务云平台，惠及创业者60余万人。连续举办四届创业安徽大赛，吸引海内外参赛项目 1.7万个。制作《创业这些事》，打造《创业在安徽》节目，获评国家广电总局2024年度省级卫视品牌 影响力节目。 ...

Market Performance - The ChiNext Index rose by 0.82%, closing at 3349.14 points, with a total trading volume of 116.52 billion yuan, an increase of 78.24 billion yuan compared to the previous trading day [1] - Among the tradable ChiNext stocks, 849 stocks closed higher, with 49 stocks rising over 10%, including Hongxiang Co., LaKala, and Qicai Chemical, while 520 stocks closed lower, with 2 stocks declining over 10% [1] Turnover Rate - The average turnover rate for the ChiNext today was 8.43%, with 116 stocks having a turnover rate exceeding 20%, 274 stocks between 10% and 20%, 506 stocks between 5% and 10%, 484 stocks between 1% and 5%, and 13 stocks below 1% [1] - The highest turnover rate was for Tianlong Group at 61.30%, closing up 11.59%, with a trading volume of 6.50 billion yuan [1] Institutional Activity - A total of 18 high turnover ChiNext stocks appeared on the Dragon and Tiger List, with 17 stocks showing institutional participation [3] - Jiayuan Technology had 5 institutional seats with a net purchase of 298 million yuan, while Keda Guochuang had 3 institutional seats with a net purchase of 131 million yuan [3] Capital Flow - Among high turnover stocks, 47 stocks saw net inflows from main funds, with LaKala, Tuolisi, and Tianyu Dike receiving the most significant net inflows of 1.28 billion yuan, 816 million yuan, and 585 million yuan, respectively [4] - The stocks with the highest expected net profit growth for 2025 include LaKala with a projected net profit of 1.13 billion yuan, representing a year-on-year increase of 222% [4] Industry Insights - In terms of industry performance, the computer sector had the most stocks with turnover rates exceeding 20%, totaling 28 stocks, followed by the pharmaceutical and media sectors with 15 and 14 stocks, respectively [2]

Core Insights - The article highlights the significant advancement made by a domestic AI startup, Aishi Technology, in the field of world modeling with the launch of PixVerse R1, the world's first general-purpose real-time world model capable of 1080P resolution and instant responsiveness, marking a milestone in AI video technology [1][2] Group 1: Product Development - Aishi Technology has introduced PixVerse R1, which allows for real-time interactive and continuously evolving video generation, moving away from static outputs to a dynamic creation process [1] - The product is seen as a major breakthrough in the AI video sector, transitioning real-time world models from research to deployable products [1][2] Group 2: Market Position and Strategy - The company adopts a different technical route compared to global competitors, focusing on engineering and system-level capabilities, which facilitates the scalability of real-time video generation technology [2] - Aishi Technology is positioned as a strong challenger to OpenAI's video model Sora, having received support from various industry and capital institutions, including Alibaba and Giant Network [3] Group 3: Industry Implications - The advancement in real-time video generation is expected to redefine the interaction between users and AI-generated content, blurring the lines between creators and consumers [2] - The potential applications of AI video technology are vast, with expected growth in interactive entertainment, film production, education, and digital simulation [2]

招股书显示，清泉股份是一家专业从事特种精细化学品和特种高分子新材料研发、生产与销售的国家级 专精特新重点"小巨人"企业。公司IPO于2025年12月29日获得受理。本次冲击上市，公司拟募集资金约 4.92亿元。 北京商报讯（记者 马换换 李佳雪）1月14日晚间，深交所官网显示，江苏清泉化学股份有限公司（以下 简称"清泉股份"）创业板IPO进入问询阶段。 ...

Core Insights - Numerous perovskite startups that have not yet entered the ground station market are shifting focus to the consumer electronics sector to seek opportunities [1][2] - Perovskite technology offers higher photoelectric conversion efficiency and better performance in low-light conditions, making it suitable for small-surface consumer electronic products [1][2] - The current market for perovskite-based consumer electronics is still in the promotional phase, with acceptance yet to be validated [2] Consumer Electronics Demand - The demand for perovskite products in consumer electronics is driven by three main factors: replacement of existing silicon batteries, expansion into new product categories, and regulatory pressures for greener energy solutions [3] - The EU's new battery regulations are expected to increase the cost of traditional batteries, prompting manufacturers to seek alternative energy solutions like perovskite [3] Product Development and Manufacturing - Transitioning from traditional photovoltaic markets to consumer electronics requires perovskite companies to adapt to a different operational logic, focusing on customization and direct consumer engagement [5] - The production process for consumer electronics involves more intricate post-processing techniques compared to large-scale photovoltaic components, necessitating a shift in manufacturing strategies [5][6] - Different consumer electronic products have varying requirements for perovskite components, such as impact resistance for smart locks and flexibility for mouse devices [6] Market Potential and Competition - The potential market for perovskite components in smart locks could reach 100 MW if the market share reaches 50%, highlighting the need for scalable production capabilities [7] - Competition in the consumer electronics sector will initially focus on performance metrics, followed by mass production capabilities and cost efficiency [7]

Core Insights - The global AI competition has entered a critical phase, with foundational computing infrastructure becoming a key determinant of success. Chinese company Lucheng Technology, founded in 2021, has gained recognition in the global developer community with its open-source project Colossal-AI and the Open-Sora video generation model, which has performed excellently in various evaluations [2][6]. Company Overview - Lucheng Technology was founded by You Yang, a young entrepreneur with a strong academic background, including a master's degree from Tsinghua University and a PhD from UC Berkeley. The company has grown from a one-person startup to a valuation of nearly 2 billion yuan in just four years, supported by top-tier investors such as Sequoia Capital and Huawei [3][4][8]. Technological Development - Lucheng Technology has been focused on optimizing the Transformer architecture since 2017, with significant contributions such as the LAMB optimizer, which was used in training GPT-3, reducing training time from 3 days to 76 minutes. This deep technical accumulation has been a cornerstone for the company's rapid market recognition [5][6]. - The Colossal-AI project has gained widespread attention on GitHub, recognized by NVIDIA for achieving a "17x acceleration" and adopted by major tech companies like Facebook and Intel. It ranks first in the open-source heat in the AI model software infrastructure segment [5][6]. Financial Performance - The company has seen rapid revenue growth, with earnings increasing from 7.4 million yuan in 2022 to 77 million yuan in 2024. In the first seven months of 2025, contract revenue reached 250 million yuan, with expectations to achieve 3.5 times the revenue of 2024 by year-end [6][8]. Strategic Positioning - Lucheng Technology positions itself as an "enabler" rather than a replacer in the AI infrastructure space, focusing on distributed computing optimization and software ecosystems. The company supports various domestic chip manufacturers, addressing the challenge of ecosystem maturity in the Chinese AI chip market [7][8]. - The company has established partnerships with major domestic chip manufacturers, including Huawei, which is both an investor and a key customer. This collaboration extends beyond technical adaptation to include ecosystem development [7][8]. Global Expansion - Lucheng Technology has a global vision, aiming to serve international markets and create value with Chinese technology. Its platforms, HPC-AI.COM and Video Ocean, have already served top enterprises and research institutions across Southeast Asia, the Middle East, and the United States [9][10]. - The company emphasizes collaboration with cloud service providers and chip manufacturers, positioning itself as a PaaS provider that complements IaaS offerings. This strategy aims to avoid direct competition with industry giants and instead focus on mutual growth [10]. Future Outlook - The company aims to achieve breakthroughs in three key areas: extreme performance optimization, unified programming for heterogeneous computing, and full automation of AI development processes. Lucheng Technology will continue to pursue an open-source strategy to attract global developers and enhance its competitive edge [10][11].

光模块CPO方面则可以关注业绩催化。国盛证券认为，算力产业链高景气周期背景下，光模块头部厂商 在大陆和泰国加速扩产，预计光模块行业2026年一季度将迎来产能集中释放，驱动业绩进入新一轮爬坡 期。该机构表示，继续看好算力板块，坚定推荐算力产业链相关企业，如光模块行业龙头。* 当前AI发展从算力建设走向应用落地，一键布局"算力+AI应用"的创业板人工智能ETF（159363）及场 外联接（A类023407、C类023408），更直接受益于AI技术商业化爆发的增长红利。从赛道看，创业板 人工智能约六成仓位布局算力（光模块+IDC），约四成仓位布局AI应用，不仅是"算力"核心，更是真 正的"AI应用"代表。 周三（1月14日），乘风AI应用爆发，创业板人工智能放量大涨。其中，易点天下大涨超16%再创新 高，今年以来股价已上涨100%实现翻倍，拓尔思大涨超15%，润和软件、长亮科技、东方国信等多股 涨超5%。此外，IDC（数据中心）这一低位算力板块午后显著启动，概念股润泽科技大涨超12%，易华 录涨超11%！ 热门ETF方面，不惧市场宽幅震荡，双线布局"AI应用+算力"的创业板人工智能ETF（159363）场内收 涨3 ...