证券代码：002230 证券简称：科大讯飞 公告编号：2025-049 科大讯飞股份有限公司 关于变更注册资本及修订《公司章程》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。 科大讯飞股份有限公司（下称"公司"）于 2025 年 12 月 15 日召开的第六届董事会第 十七次会议，审议通过了《关于变更注册资本及修订<公司章程>的议案》。鉴于公司股本 因股票期权行权而发生变动，公司相应变更注册资本并对《公司章程》的有关条款进行修 订；同时，根据中国证监会于 2025 年 3 月 28 日起施行的《上市公司章程指引（2025 年 修订）》等规定，相应地对《公司章程》的有关条款进行修订。具体情况如下： 一、变更注册资本情况 | | | | 第一条 为维护公司、股东和债权人的 | 第一条 为维护公司、股东、职工和 | | | --- | --- | --- | | 合法权益，规范公司的组织和行为， | 债权人的合法权益，规范公司的组织和行 | 根据《上市公司章 | | 根据《中华人民共和国公司法》（以下 | 为，根据《中华人民共和国公司法》（以 | 程指引（2 ...

摩根士丹利近日描绘了一幅震撼图景： 2050 年，全球将有超过 10 亿台人形机器人运行，市场规模突破 5 万亿美元。 这份名单像一份精密 设备 的 产业链 解剖图， 理性地标注每个关键部件 以及其在人形机器人中的占比 。 报告尤其指出中国供应链的优势， 百度、阿里、科大讯飞、地平线、禾赛、均胜电子、德赛西威七家企业上 榜。 这被解读为对中国硬件制造与供应链效率的一次全球认证。 与此同时，大摩 更列出一份 " 科技 25 强 " 名单，宣称投资组件供应商才是这场革命里的 " 卖水人 " 。 此观点引起业内哗然， 反对者认为，如果 当所有目光聚焦于 " 大脑 "" 眼睛 " 与 " 躯体 " 的供应商时，我 们是否过早地放弃了对 " 完整 人形机器人 " 的想象？ | 公司名称 | 国家 | 细分领域 | 公司名称 | 国家 | 细分领域 | 公司名称 | 国家 | 细分领域 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 百度 | 中国 | 综合 | 科大讯飞 | 中国 | 智能翻译 | 英伟达 | 美国 | 未言体 | | 阿里巴巴 | ...

Group 1 - The core viewpoint of the article indicates that the Chinese electronic paper tablet market is experiencing a "demand recovery + domestic brand rise" trend, with a cumulative shipment of 1.758 million units in the first three quarters of 2023, representing a year-on-year growth of 31.3% [1][3] - The overall retail volume across all channels reached 1.312 million units, showing a slight decline of 2.0% year-on-year [1][3] - The report highlights that leading brands are gaining a stronger competitive advantage, resulting in increased market concentration, with iFLYTEK and Hanvon leading the office tablet market, while iReader and Hanvon dominate the e-reader online segment [3] Group 2 - The electronic paper e-reader continues to be the core growth engine of the market, driven by a rational return of user demand, particularly from disciplined and professional reading groups [3] - The office tablet segment is gradually penetrating into mainstream office scenarios, becoming a "necessary tool" for lightweight office needs, while the learning tablet market is experiencing significant contraction due to high base comparisons and a slowdown in new electronic paper display users [3] - The electronic paper office tablet market is expected to develop steadily, with a shift towards B-end markets, forming a development pattern of "B-end driven + C-end penetration + G-end paperless scene supply," indicating substantial long-term potential for the office tablet market [3]

今年3月份花7499元购买的科大讯飞学习机T30Lite，才用了几个月就无法正常开机，售后反馈需要更换 主板；把上述遭遇发布到社交媒体之后，发现存在大量类似情况。相关专家称，或存在系统性质量缺 陷，其责任可能不局限于"三包"期限。 近日，来自重庆的刘女士向大众新闻记者讲述了购买科大讯飞学习机的糟心事儿。因为此次大修尚在质 保期内，商家免费更换了主板，却并未打消刘女士的疑虑。 以刘女士购买的科大讯飞学习机T30Lite为例，质保期外售后维修费用的收费标准为：主板维修金额 1799元，显示屏维修金额1599元，后壳组件维修金额699元，后摄反转组件699元。 | 学习机T30Libe | | | --- | --- | | 维修费用参考明细 | | | 维修项目 | 金额 | | 主板(8+512GB) | ¥1799 | | 显示屏(含保护薇) | #1598 | | 后壳组件(含电池) | 8699 | | 电池组件(单独) | #369 | | 后提醒转组件 | REGOR | | 前標组件 | #399 | | 喇叭(1个) | ¥299 | | Type-CHE | #199 | | 按钮 | *193 ...

Core Viewpoint - The China Securities Regulatory Commission (CSRC) has requested additional disclosures from Youdi Robotics regarding its overseas listing application, focusing on six key areas including equity changes, shareholder information, equity incentives, and business operations [1][2][3]. Group 1: Listing and Regulatory Requirements - Youdi Robotics plans to issue up to 73.6 million overseas ordinary shares for a Hong Kong listing, aiming for full circulation of 237 million shares held by 33 shareholders [1]. - The CSRC has mandated the company to provide detailed explanations in accordance with the "Interim Measures for the Administration of Overseas Issuance of Securities and Listing by Domestic Enterprises" [1]. Group 2: Equity Changes - The company must clarify past equity holding arrangements, including any instances of shareholding proxies, and provide a legal opinion on the compliance of past capital increases and share transfers [2]. - A detailed list of changes in the equity structure before and after the proposed listing and full circulation must be provided [2]. Group 3: Shareholder Information - The company is required to analyze whether there have been any changes in control over the last three years and to disclose the legal status of foreign entities holding shares [3]. - The reasonableness of the investment price for a new shareholder in the past 12 months must be assessed, along with any potential rights issues related to shares participating in the full circulation [3]. Group 4: Equity Incentives - The company needs to explain the fairness of pricing for its implemented equity incentive and employee stock ownership plans, ensuring compliance and absence of any benefit transfer [2]. Group 5: Business Operations - Youdi Robotics must disclose its top five clients and sales figures, as well as details about its visual model solutions and their relevance to the company's robotics business [3]. - The company is also required to provide information on its digital products and user data management practices, including user information protection measures [3]. Group 6: Financing and Investment - Youdi Robotics has completed 11 rounds of financing, with a total amount nearing 2 billion yuan, and notable investors include Alibaba's affiliates [5][6]. - The complex shareholder structure and previous instances of shareholding proxies have become focal points in the CSRC's review process [6].

Group 1 - The core focus of the upcoming Winter FORCE Conference by Volcano Engine is the release of a new member of the Doubao model, which is expected to enhance performance and reduce costs, particularly in video generation models [1][2][3] - The conference will feature significant upgrades to Agent development tools and the expansion of the Agent ecosystem, aiming to facilitate the application of AI in enterprise production scenarios [1][2][4] - The conference will include three main forums, 20 specialized forums, and a large exhibition area showcasing over 250 exhibits, highlighting the industry's attention on AI advancements [2] Group 2 - The new member of the Doubao model family is anticipated to improve capabilities while lowering costs, with a particular focus on enhancing the video generation model based on Seedance 1.0 pro [3] - The upgrade of AI IDE product TRAE is expected to transition from AI-assisted programming to supporting the entire AI development process, alongside enhancements to other Agent development tools [4] - Investment opportunities are identified in various companies benefiting from industry applications and edge computing, including Han's Information, Zhongke Chuangda, and others, as well as AI application investments in firms like Kingsoft Office and others [5]

Group 1 - The National Robot Industry Index (980022) has seen a decline of 1.03%, with notable stock movements including Aerospace Intelligence rising by 6.81% and Lingyun Optics falling by 3.91% [1] - The E Fund Robot ETF (159530), which tracks the National Robot Industry Index, has experienced a net inflow of over 240 million in the last three days, totaling over 630 million in the past ten days and exceeding 5.3 billion in the last sixty days, with a current fund size of 12.661 billion [1] Group 2 - Songyan Power and Huicheng Co. have reached a strategic cooperation agreement, signing an order for 1,000 units of the Bumi humanoid robot, which will be launched on January 15, 2024, with the first batch of deliveries scheduled for March 1, 2026 [3] - Yushu Technology announced the launch of a humanoid robot "App Store" on December 13, allowing users to upload and share trained models for various actions [3] - Huolong Securities believes that the U.S. plans to release supportive policies for the robot industry, which will aid the global humanoid robot commercialization process, as domestic manufacturers continue to release new products [3] Group 3 - The National Robot Industry Index is characterized by a significant weight of humanoid robots, with a focus on high-growth leading companies, where the top ten weighted stocks account for approximately 40% [4] Group 4 - The E Fund Robot ETF (159530) provides an efficient tool for investors to gain exposure to the entire robot industry chain by tracking the National Robot Industry Index [5]

今日A股整体震荡为主，非银金融午后助力上证指数翻红，人工智能AIETF（515070）震荡为主，持仓 股中复旦微电、中科星图、三七互娱、寒武纪、浪潮信息等个股表现较好，沪市规模最大的人工智能 AIETF盘中翻红，场内成交额突破6000万元。 消息方面，11月经济数据发布，国家统计局认为，11月份国民经济运行总体平稳，延续稳中有进发展态 势。但外部不稳定不确定因素较多，国内有效需求不足，经济运行面临不少挑战。 中银证券认为，A股整体仍处于上行通道之中。首先，政策从"托底"到"提质"的平滑过渡，为市场创造 了稳定的宏观预期环境。随着政策预期趋于稳定，市场动能将从前期主要由政策与资金驱动，逐步向盈 利基本面驱动转换。A股当前正处于"牛市中继"阶段，2026年中长期资金入市等政策性利好依然可期， 而价格中枢回暖、内需复苏以及产业创新带来的盈利增长将有助于市场走向全面牛。 人工智能AIETF（515070）跟踪CS人工智能主题指数（930713），成分股选取为人工智能提供技术、 基础资源以及应用端个股，聚集人工智能产业链上中游，俗称"机器人"大脑"缔造者"，万物互联"地 基"。前十大权重股包括中际旭创、新易盛、寒武纪- ...

Core Insights - The rapid development of generative AI and large model technology has led to the large-scale application of digital humans, which are becoming a core vehicle for connecting virtual and real worlds and driving industrial intelligence upgrades [1] - The AI digital human market in China is expected to exceed 80 billion yuan by 2025, with a compound annual growth rate of over 60% [1] - Digital humans can provide standardized services 24/7, significantly reducing labor and operational costs while enhancing user experience through multimodal interaction [1] Company Analysis 1. ZITZO - ZITZO is a leader in real-time interactive digital humans, focusing on AI commercial applications with a mission to support enterprise AI upgrades [2] - The company has served over 300 Fortune 500 and leading industry enterprises, establishing strong barriers in high-security fields such as healthcare and finance [2] - Key advantages include a rapid 0.8-second response time, full-stack private deployment, cost-effective solutions, and deep industry customization capabilities [3] 2. Baidu Xiling Digital Human - Baidu Xiling leverages the Wenxin large model and AI full-stack technology, focusing on finance, government, and media [2] - The platform offers integrated solutions from image generation to intelligent interaction, with strong semantic understanding and multimodal generation capabilities [3] 3. Huawei Cloud MetaStudio Digital Human - Huawei Cloud provides a cloud-based digital human production line, emphasizing high fidelity and low latency in 2D/3D digital human generation [2] - The service supports high concurrency and stable deployment, with industry-standard solutions in government, education, and industrial sectors [3] 4. Tencent Cloud Zhiying Digital Human - Tencent's digital human platform integrates with the WeChat ecosystem, focusing on e-commerce live streaming, media dissemination, and online education [2] - Key features include ecological integration, template-based content creation, and high concurrency support for large-scale live interactions [3] 5. iFLYTEK AI Virtual Human - iFLYTEK focuses on education, customer service, and cultural tourism, providing highly realistic voice interaction and support for multiple dialects [2] - The company is recognized for its leading voice technology and has implemented virtual teacher and smart classroom solutions across numerous schools [3] Vendor Selection Guidelines - Companies should prioritize vendors with self-developed large models, algorithm registration, and full-chain technical capabilities to ensure data security and business autonomy [6] - It is essential to verify the vendor's benchmark cases in target industries, focusing on delivery cycles, user satisfaction, and effectiveness data [5] - Evaluating whether the product covers the entire process from image generation to multi-end deployment and supports deep customization is crucial [6] - Understanding the pricing model and calculating the total cost of ownership (TCO) is necessary to avoid hidden fees [7] Conclusion - Selecting a digital human vendor is essentially choosing a long-term, trustworthy AI strategic partner, focusing on technology safety, business alignment, and transparent costs [8] - ZITZO stands out with its rapid response, full-stack private deployment, deep industry customization, and cost-effective structure, making it a differentiated choice for enterprises with high standards for data security and interaction experience [8]

今日A股低开后震荡走强，人工智能龙头股复旦微电盘中快速拉升，大涨超5%，消息方面，"2025中国 AI赛道与ESG可持续发展大会"召开，复旦微电凭借其在环境、社会及治理维度和在投资者关系管理方 面的突出表现，成功摘得"2025年度上市公司ESG价值传递奖"及"2025年度上市公司卓越投关建设奖"。 人工智能AIETF（515070）盘中下跌0.2%，持仓股三七互娱、新易盛、中科星图、寒武纪等个股表现较 好。 人工智能AIETF（515070）跟踪CS人工智能主题指数（930713），成分股选取为人工智能提供技术、 基础资源以及应用端个股，聚集人工智能产业链上中游，俗称"机器人"大脑"缔造者"，万物互联"地 基"。权重股包括中际旭创、新易盛、寒武纪-U、科大讯飞、豪威集团、海康威视、澜起科技、金山办 公、紫光股份等国内科技龙头。 （文章来源：每日经济新闻） 中信建投证券认为，从9月初至12月初，AH两地市场经历了较长时间的调整，投资者情绪趋于谨慎，而 近期，多项关键事件与数据相继公布，整体基调符合或略好于市场预期。我们认为牛市底层逻辑仍在， 主要由结构性行情和资本市场改革政策推动。目前市场已经基本完成调整，叠加 ...