一场岁末的销量"冲刺战"已然打响。 "为了冲刺销量目标，这个月的优惠力度是比较大的。"一家新势力车企销售顾问告诉《中国经营报》记 者，虽然是直营门店，统一价格，但临近年底，为了年度数据更"漂亮"，厂商加大了促销力度，给到的 权益更好。 随着新能源车购置税政策调整时间节点的临近，市场再次掀起销售小高潮。近日，记者走访理想、小 米、享界等多家汽车销售门店了解到，部分新能源品牌门店客流明显增加，周六日试驾的用户也有所增 加。消费者赶搭政策"末班车"心态明显。 在与多个新能源品牌销售人员交流时，"购置税兜底"被频频提及。记者了解到，理想i系列车型、享界 S9T等品牌由于交付周期较长，推出了限时下单兜底政策。 此外，不少厂商在常规的现金直降、保险补贴、赠送配置等外，还特别以零息或低息贷款方案来吸引销 售者。 中国汽车流通协会乘用车市场信息联席分会（以下简称"乘联分会"）分析指出，受2026年新能源汽车购 置税由"免征"调整为"减半征收"影响，12月的新能源汽车零售将会走强。"受明年买车多5个点（购置 税）的政策影响，消费者年末购车紧迫感更强，因而选择车型更考虑提车进度。为应对交付周期延长导 致的消费者购车成本上升，车企 ...

北京大学计算机学院副院长崔斌认为，随着大模型发展，算力需求激增，高效的分布式训练和推理优化 是关键。华为战略研究院大模型产业发展首席专家王震军建议，加快建设全国一体化算力网络，构建普 惠、易用、集约、绿色、安全的综合算力基础设施体系，以算力高质量发展赋能经济高质量发展。北京 深势科技有限公司副总裁刘会师则从AI for Science角度，建议基于AI构建平台化的科研范式。 "算力，就是这个我们正在进入的时代的'电力'。"近日，在北京市门头沟区，一年一度的九三京西发展 座谈会召开。九三学社中央科技专委会副主任、中国科学院计算技术研究所研究员张云泉的话，代表着 当天数十位社内外专家的核心关切。 随着门头沟区被纳入国家人工智能(AI)算力发展体系，这片区域从传统矿区向高新技术产业转型。九三 学社北京市委会持续助力人工智能创新发展，推动区域发展抓住AI机遇，让"新质生产力"真正扎根。 落子算力时代 座谈会之初，全国政协副主席、九三学社中央常务副主席邵鸿在致辞中指出，AI是引领新一轮科技革 命和产业变革的战略性技术，已成为国家发展的重要战略方向。 以此为起点，专家们就算力时代与AI产业的发展展开思想碰撞。张云泉预测， ...

2025 年 12 月 12 日 资讯晨报 | 指数 | 开盘价 | 收盘价 | 近一交易日% | 近20交易日% | | --- | --- | --- | --- | --- | | 道琼斯工业 | | 48,083 48,704 | 1.34 | 0.93 | | 纳斯达克 | | 23,509 23,594 | -0.25 | 0.80 | | 标普500 | 6,861 | 6,901 | 0.21 | 0.73 | | 富时100 | 9,656 | 9,703 | 0.49 | -1.07 | | 日经225 | 50,818 50,149 | | -0.90 | -1.79 | | 上证指数 | 3,904 | 3,873 | -0.70 | -3.88 | | 深证指数 | | 13,333 13,147 | -1.27 | -2.44 | | 科创50 | 1,350 | 1,326 | -1.55 | -5.25 | | 恒生指数 | 25,711 | 25,531 | -0.04 | -5.70 | | 主要市场股指表现 | | | | | | 2.00 | | | | | | 1.0 ...

Core Insights - The 20th China IDC Industry Annual Conference (IDCC2025) and Digital Infrastructure Technology Expo (DITExpo) was held in Beijing, marking a significant milestone in the IDC industry, themed "Reshaping Computing Power, Breaking Boundaries" [1][3] - The IDC industry in China has evolved from a market size of 2.16 billion yuan in 2006 to approaching a trillion yuan, transitioning from basic server hosting to a comprehensive intelligent computing power hub covering AI training, inference, and cloud computing [3][8] - The event gathered thousands of representatives from government, academia, and industry to discuss the future of the computing power industry and its next golden decade [3][8] Event Highlights - The DITExpo was officially launched during the conference, attended by prominent figures from academia and industry, symbolizing a new development stage for China's digital infrastructure industry [7][10] - Huang Chao, CEO of China IDC Circle, highlighted the IDC industry's journey over the past 20 years, noting its growth from hundreds of millions to nearly a trillion yuan, and the impact of national strategies like "New Infrastructure" and "East Data West Computing" [8][10] - The conference featured various keynote speeches and discussions on topics such as AI model inference systems, green computing, and the collaboration between computing power and electricity [12][14][18] Industry Trends and Reports - A report presented at the conference indicated that the demand for intelligent computing power is expected to grow at a compound annual growth rate of 49% over the next three years, with the total scale of data centers in China projected to exceed 25 GW by 2025 [31][33] - The report also emphasized the importance of green computing as a core competitive factor, with new projects increasingly requiring green electricity ratios [33] - The issuance of public REITs by companies like GDS and Runze marks a significant breakthrough in the capital market for the data center industry, paving the way for the securitization of computing power infrastructure [33] Awards and Recognition - The conference included the 2025 China IDC Industry Annual Awards, recognizing outstanding contributions to the development of the computing power industry [34][36] - Awards were given in various categories, including AI+DC innovation practices and green computing centers, showcasing the highest standards of technological innovation in the IDC industry [34][36] Future Outlook - The next decade is anticipated to be a period of rapid development for intelligent computing, with data centers evolving towards large-scale, high-density, and green low-carbon models [44][48] - The industry is expected to focus on deep collaboration between computing power and electricity, as well as the service-oriented and asset-oriented evolution of computing power [48] - The China IDC Circle aims to continue its role as a builder of the digital infrastructure ecosystem, contributing to the development of the digital economy and the construction of a digital China [48]

Core Viewpoint - Shenzhen has officially become China's "first city" for specialized and innovative "little giant" enterprises, surpassing Beijing and Shanghai in quantity and economic value [2][3][19]. Group 1: Overview of "Little Giants" - By the end of 2025, Shenzhen will have 1,333 "little giant" enterprises, leading the nation with 347 new additions, compared to Beijing's 1,210 and Shanghai's 1,032 [2][3]. - The total market value of these enterprises is estimated to be close to 10 trillion yuan, based on an average market value of 71 million yuan per listed "little giant" [3][8]. - These enterprises are concentrated in key areas of national focus, such as "manufacturing power" and "strengthening supply chains," with high entry barriers requiring domestic leadership in niche sectors and significant R&D investment [3][8]. Group 2: Growth and Innovation - Shenzhen's "little giants" exhibit remarkable growth, with an average time of 13 years from establishment to becoming a national-level "little giant," which is 1.71 years faster than the national average [8]. - The average R&D intensity of these enterprises is 7.63%, with annual R&D expenditure averaging 33.39 million yuan, significantly higher than the national average [8][19]. - These companies are also active in patent applications, averaging 152 patents per enterprise, with nearly 30% involved in setting international or national standards [8][19]. Group 3: Ecosystem and Support - Shenzhen's "20+8" industrial cluster strategy serves as a core engine for nurturing "little giant" enterprises, providing a structured ecosystem for growth and collaboration [9][10]. - The government facilitates connections between large and small enterprises through mechanisms like "chain leader" and "chain master" systems, resulting in over 500 technical cooperation agreements in 2024 alone [12][14]. - The city combines effective market strategies with government support, creating a comprehensive market support system that includes local validation and global expansion initiatives [14][15]. Group 4: Financial Support - Shenzhen has developed a "bold capital" approach to support innovative enterprises, allowing for long-term investments in high-tech sectors despite initial project risks [16][19]. - The city has established four major equity investment platforms to back innovative enterprises, with significant investments in numerous "little giants" [16][19]. Group 5: Future Implications - Achieving the title of "first city" for specialized and innovative enterprises marks a new starting point for Shenzhen, strengthening its industrial foundation and enhancing its resilience against global market fluctuations [19][20]. - The pathway from "little giants" to potential global leaders indicates a clear trajectory for future economic growth, with these enterprises expected to contribute significantly to Shenzhen's high-quality development [19][20].

作者丨孙媛 又一独角兽，正式启动IPO进程。 12月11日，证监会网站披露，北京卫蓝新能源科技股份有限公司（简称：卫蓝新能源）启动A股IPO并 提交辅导备案，公司拟在创业板上市，辅导机构为中信建投。 | 辅导对象 | 北京卫蓝新能源科技股份有限公司 | | --- | --- | | 新 成立日 | 2016年8月11日 | | 注册资本 | 41,213.3543 万元人民币 法 定 代 表 人 偷会根 | | 注 费 地 | 北京市房山区襄店書安路 91 号院 4 号楼一层 108 室 | | 控股股东及 持 股 比 例 | 截至本报告出具日,公司实际控制人为禽会根,禽会根遮过直 接持股、间接持股以及一致行动人合计控制公司的股权比例为 29.25% | | 行业分类 | 申气机械及暴材刷造业 在其他交易场所 (申请)挂牌或 无) | | | (C38)-锂离于电池制 | | | 造(C3841) 上市的情况 | | 各 注 | 元 | 来源：证监会 作为国内固态电池领域头部企业，卫蓝新能源与背靠上汽集团的清陶能源有"北卫蓝、南清陶"之称。 自2017年起，公司便获得多轮投资，其中，2022年D轮融资就融了 ...

近日，中国图象图形学学会（CSIG）正式公布2025年度科学技术奖评选结果。其中，由网易（杭州）网络有限公司与天津大学、中国科学技术大学、中 国航天科工集团第四研究院十七所共同合作的项目《基于强化学习的智能决策关键技术及应用》，荣获学会"2025年度中国图象图形学学会科技进步奖-一 等奖"，产学研协同创新再结硕果。《逆水寒》便是项目落地场景之一，作为网易旗下人工智能实验室，网易伏羲深度参与《逆水寒》在图形技术与人工 智能领域的探索，以游戏AI的创新实践助力数字文娱作品突破"游戏"边界，获得国家级学术权威认可。 关于《基于强化学习的智能决策关键技术及应用》项目介绍 本获奖项目系统开展了基于强化学习的智能决策关键技术攻关，聚焦"奖励质量低、经验复用难、环境波动大"三大关键挑战，提出了基于时空分解的奖励 信号生成、基于自监督学习的经验表征提取、以及基于演化-强化学习的策略模型优化三项创新技术，在策略性能、学习效率、跨任务泛化方面实现能力 突破，达到国际领先水平。 | | 中国图象图形学学会 | 请输入要搜索的内容 Q | | --- | --- | --- | | | | CHINA SOCIETY OF IMAG ...

一夜之间，似乎"中国新能源内忧外患"、"汽车市场承压巨大"的论调又席卷整个行业。 先是摩根士丹利两次发布预测，认为中国汽车市场明年将再次出现滑坡，同比跌幅或达6%。同时，新能源产业链传来噩耗，碳酸锂等材料涨价，成本压 力已经传导至电池制造端。 还有风声鹤唳的消息，海湾六国对中国和马来西亚生产的铅酸蓄电池征收反倾销税，被混淆了蓄电池和动力电池的读者，当作"中国新能源再遭沉重打 击"的又一例证。 《新能源汽车进入下行周期》，类似的文章大行其道，说不清是忧国忧民还是贩卖焦虑。 然而就在12月11日，消息传来，"两新"政策将优化实施——大规模设备更新和消费品以旧换新，其中消费品以旧换新常被称为"国补"。 对于汽车行业来说，补贴政策从来都是强心针式的作用。但仍有声音在反驳"政策市并非自然发展，会透支需求"。 那么，补贴提振的中国汽车市场，就当真缺少含金量吗？为什么国家会接连又出补贴政策？背后深意，并不是动动嘴皮子那么简单。 01 撕裂的分析报告 摩根士丹利关于"中国汽车市场将显著滑坡"的预测，可能刚一出来就要作废。 先来说说这份报告，原名叫《中国汽车&共享出行：同时身处衰退和创新的边缘》（China Autos & S ...

Core Viewpoint - Kosen Technology (603626.SH) announced the sale of its wholly-owned subsidiary, Kosen Medical, to Jiangsu Yaolingke Medical Technology Co., Ltd. for 915 million RMB, marking a significant strategic shift as the company exits the medical device sector [2] Group 1: Transaction Details - The transaction is based on an income approach, with the total equity value assessed at 913 million RMB as of September 30, 2025, reflecting an increase of 615 million RMB and a growth rate of 206.45% [2] - Kosen Technology expects to recognize approximately 600 million RMB in investment income from this divestiture, which will be recorded as non-recurring gains [2] - The deal is seen as a strategic acquisition for Yaolingke, enhancing its position in the precision medical device manufacturing sector [2] Group 2: Kosen Medical's Background - Kosen Medical has established itself as a competitive player in the medical device manufacturing industry, contributing to the high premium in the sale [7] - The company has collaborated with major clients like Medtronic, Zimmer, and Johnson & Johnson, providing critical components for various medical devices [9][10] - Despite its capabilities, Kosen Medical's revenue contribution has been low, accounting for about 10% of Kosen Technology's overall revenue, indicating its role as a supplementary business [6] Group 3: Reasons for Divestiture - Kosen Technology faced significant financial pressure, reporting cumulative losses of 873 million RMB from 2023 to the first three quarters of 2025, alongside high accounts receivable of 1.17 billion RMB [13] - The differing operational models between the consumer electronics and medical device sectors led to insufficient synergy, negatively impacting the efficiency of the core business [14] - The company aims to refocus on its core business in consumer electronics and energy storage, necessitating capital for overseas expansion projects [17] Group 4: Strategic Implications - The sale reflects broader challenges faced by manufacturing companies attempting to diversify into different sectors, particularly when operational demands and resource allocation become strained [26] - The entry of LYFE Capital into the medical manufacturing space signifies a shift towards asset acquisition in the global medical device sector, moving beyond previous focuses on R&D investments [27]

Core Viewpoint - The article discusses a proposal by U.S. lawmakers to phase out Chinese-made sensors, particularly LiDAR technology, used in autonomous vehicles and critical infrastructure due to national security concerns, highlighting the dominance of Chinese companies in this market [1][2][3]. Group 1: Legislative Actions - U.S. Congressman Raja Krishnamoorthi introduced a bill to gradually eliminate the use of Chinese LiDAR sensors, with a ban on new purchases starting in three years, while allowing exemptions for scientific and cybersecurity research [2][3]. - The bill includes a five-year transition period for existing equipment used in critical infrastructure [2]. Group 2: Market Dominance - Chinese companies dominate the LiDAR market, holding 93% of the passenger vehicle market share and 89% of the overall LiDAR market, according to Yole Group [2][3]. - The report identifies four major Chinese LiDAR manufacturers—Hesai Technology, RoboSense, Huawei, and TuSimple—collectively referred to as the "Big Four," which control 88% of the market [3][6]. Group 3: National Security Concerns - National security organizations warn that Chinese LiDAR could pose hacking risks during conflicts, potentially disabling large areas of the U.S. infrastructure within seconds [3][9]. - The U.S. Department of Defense has listed major Chinese LiDAR manufacturers as entities that assist the Chinese military, indicating a strong governmental stance against these companies [3][8]. Group 4: Ongoing Investigations - In November 2023, a group of 20 U.S. lawmakers urged the Biden administration to investigate all Chinese LiDAR companies for potential sanctions [6]. - The Department of Defense updated its list of Chinese military-related companies, including Hesai Technology, further intensifying scrutiny on these firms [7][8].