# 国内云厂算力Beta向上。 今早的NV业绩会，黄仁勋明确表示已经进入Agent拐点，OpenClaw持续发酵，OpenRouter token调用量斜率明显提 升，Agent火热带动算力需求飞增，例如云计算与H200租赁价格上涨，智谱算力紧张开启算力合伙人计划。 Claude Cowork日日迭代，各大厂推出自己的"Claw"产品。 国内算力beta向上，Agent催化贯穿全年。 # 公司算力业务快速拓展、预期差大。 # 重点推荐【智微智能】，受益于国内Agent算力需求起量 # 国内云厂算力Beta向上。 今早的NV业绩会，黄仁勋明确表示已经进入Agent拐点，OpenClaw持续发酵，OpenRouter token调用量斜率明显提 升，Agent火热带动算力需求飞增，例如云计算与H200租赁价格上涨，智谱算力紧张开启算力合伙人计划。 Claude Cowork日日迭代，各大厂推出自己的"Cla # 重点推荐【智微智能】，受益于国内Agent算力需求起量 公司是英伟达Thor芯片的【官方合作厂商】。 英伟达提出的"三台计算机"理念，分别对应机器人开发中的训练、仿真渲染与控制三大核心环节。 在这一框架下 ...

（来源：淘金ETF） 1. 天孚通信（300394） 全球领先的光器件与光引擎解决方案提供商，主营业务覆盖光通信、数据中心及AI算力互联领域，核 心产品包括光无源器件、光有源器件及高速光引擎等，广泛应用于高速光模块、AI服务器及数据中心 互连场景。公司深度绑定英伟达生态，为其提供关键光通信组件，是英伟达算力网络建设的核心配套供 应商之一。随着英伟达AI服务器及数据中心业务高速增长，公司光引擎及高速光器件订单持续饱满， 业绩弹性显著。凭借在光通信领域的技术积累与客户资源，公司在英伟达供应链中的地位不断巩固，有 望持续受益于全球AI算力网络建设浪潮，在高速光模块及光引擎领域的市场份额与盈利能力进一步提 升。 2. 胜宏科技（300476） 国内AI服务器PCB核心供应商，主营业务聚焦高端印制电路板的研发、生产与销售，产品广泛应用于AI 服务器、数据中心、云计算及高端电子设备等领域，尤其在高速、高密度PCB领域具备核心技术优势。 公司为英伟达AI服务器提供关键PCB板卡，是其核心供应链企业之一，随着英伟达AI服务器出货量持续 增长，公司高端PCB订单量价齐升，业绩增长动能强劲。凭借在高端PCB领域的技术壁垒与客户认 ...

（文章来源：每日经济新闻） 国泰海通认为："春季躁动"行情有望在节后继续演绎，整体节奏偏顺畅且具备韧性。全球资本对中国市 场持乐观态度，A50指指期货的上涨提供了正面指引。当前国内基本面、政策面与流动性环境均处于积 极窗口，若遇短期回调则是再布局的良机。策略上采取"周期红利为盾，科技成长为矛"的平衡布局：一 方面，利用有色、化工、建材等顺周期板块的现金流与分红能力对冲波动；另一方面，通过AI应用、 机器人、半导体ETF等高弹性品种博取超额收益，期待节后资金重振旗鼓带动量价共振。 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-U、中科曙光、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。 午后算力租赁概念涨势扩大，人工智能AIETF（515070）持仓股润泽科技20cm涨停，此前中贝通信、 华胜天成、智微智能涨停，奥飞数据、迈信林涨超10%，光环新网、恒润股份、宏景科技、润建股份等 ...

（文章来源：每日经济新闻） 每经AI快讯，2月26日午后，算力租赁概念涨势扩大，润泽科技20%涨停，此前中贝通信、华胜天成、 智微智能涨停，奥飞数据、迈信林涨超10%，光环新网、恒润股份、宏景科技、润建股份等跟涨。 ...

Core Viewpoint - The A-share market saw a significant rise in computing power concept stocks, driven by Nvidia's presentation of its next-generation Vera Rubin computing system, which integrates advanced components [1][2]. Group 1: Stock Performance - Starry Technology (星宸科技) increased by 16.41%, with a total market value of 35.8 billion and a year-to-date increase of 84.86% [2]. - Runze Technology (润泽科技) rose by 15.90%, with a market capitalization of 164.4 billion and a year-to-date increase of 100.60% [2]. - Zhiwei Intelligent (智微智能) saw a 10.01% increase, with a market value of 14.9 billion and a year-to-date increase of 59.14% [2]. - Tianfu Communication (天孚通信) increased by 9.37%, with a market capitalization of 290.4 billion and a year-to-date increase of 373.51% [2]. - Other notable stocks include Maxinlin (迈信林) up by 8.98%, and Fenghuo Communication (烽火通信) up by 8.43% [2]. Group 2: Nvidia's Presentation - On February 25, Nvidia showcased the internal structure and supply chain details of the next-generation Vera Rubin computing system, which includes 72 Rubin GPUs and 36 Vera CPUs, totaling 1.3 million components [1].

Group 1 - The A-share market saw a significant rise in computing power concept stocks, with notable increases in companies such as Xingchen Technology (up over 16%) and Runze Technology (up over 15%) [1] - Nvidia showcased the internal structure and supply chain details of its next-generation Vera Rubin computing power system, which integrates 72 Rubin GPUs and 36 Vera CPUs, totaling 1.3 million components [1] Group 2 - The stock performance of key companies includes: - Xingchen Technology with a market cap of 35.8 billion and a year-to-date increase of 84.86% [2] - Runze Technology with a market cap of 164.4 billion and a year-to-date increase of 100.60% [2] - Zhiwei Intelligent with a market cap of 14.9 billion and a year-to-date increase of 59.14% [2] - Tianfu Communication with a market cap of 290.4 billion and a year-to-date increase of 373.51% [2] - Other companies like Mai Xinlin, Zhongbei Communication, and Fenghuo Communication also showed significant gains [2]

《《董事会议事规则》（2026年2月修订）》 《《董事及高级管理人员薪酬管理办法》（2026年2月修订）》 《《深圳市智微智能科技股份有限公司章程》（2026年2月修订）》 《《经理工作细则》（2026年2月修订）》 《《证券投资管理制度》》 《《外汇套期保值业务管理制度》》 《关于制定及修订公司部分内部制度的公告》 《关于公司及子公司2026年度向银行等金融机构申请综合授信额度的公告》 《独立董事候选人声明与承诺（高义融）》 《独立董事提名人声明与承诺（詹伟哉）》 《独立董事候选人声明与承诺（詹伟哉）》 《独立董事提名人声明与承诺（高义融）》 《关于公司董事会换届选举的公告》 《关于增加2026年度日常关联交易预计额度的公告》 《关于2026年度为子公司提供担保额度预计的公告》 《关于公司开展外汇套期保值业务的可行性分析报告》 《关于2026年度开展外汇套期保值业务的公告》 《关于召开2026年第一次临时股东会的通知》 《第二届董事会第二十五次会议决议公告》 《中信证券关于深圳市智微智能科技股份有限公司使用部分闲置募集资金及闲置自有资金进行现 金管理的核查意见》 《关于使用部分闲置募集资金及闲置自有资金进行 ...

上市公司：中国长城（000066），浪潮信息（000977），新大陆（000997），魅视科技（001229），智 微智能（001339），纳思达（002180），证通电子（002197），大华股份（002236），电科网安 （002268），中威电子（300270），智迪科技（301503），中润光学（688307），萤石网络 （688475），三未信安（688489） 2016-2025年计算机、通信和其他电子设备制造业企业数统计图 数据来源：国家统计局，智研咨询整理 知前沿，问智研。智研咨询是中国一流产业咨询机构，十数年持续深耕产业研究领域，提供深度产业研 究报告、商业计划书、可行性研究报告及定制服务等一站式产业咨询服务。专业的角度、品质化的服 务、敏锐的市场洞察力，专注于提供完善的产业解决方案，为您的投资决策赋能。 相关报告：智研咨询发布的《2026-2032年中国通信设备行业市场行情监测及发展趋向研判报告》 2025年1-12月，计算机、通信和其他电子设备制造业企业数（以下数据涉及的企业，均为规模以上工业 企业，从2011年起，规模以上工业企业起点标准由原来的年主营业务收入500万元提高到年主营业务 ...

Core Viewpoint - Shenzhen Zhimi Intelligent Technology Co., Ltd. has nominated Mr. Gao Yirong as an independent director candidate for its third board of directors, ensuring compliance with relevant laws and regulations regarding the qualifications and independence of independent directors [1][35]. Group 1: Nomination and Qualifications - The nominee has agreed in writing to serve as an independent director candidate [1]. - The nomination was made after a thorough review of the nominee's professional background, education, qualifications, and any potential conflicts of interest [1]. - The nominee has passed the qualification review by the company's second board of directors' nomination committee [35]. Group 2: Compliance with Regulations - The nominee does not fall under any disqualifications as per Article 178 of the Company Law of the People's Republic of China [2]. - The nominee meets the qualifications and conditions set forth by the China Securities Regulatory Commission for independent directors [3]. - The nominee complies with the company's articles of association regarding independent director qualifications [4]. Group 3: Independence Assurance - The nominee has confirmed that there are no relationships that could affect their independent performance [1][35]. - The nominee has participated in training and obtained relevant certification recognized by the stock exchange [5]. - The nominee's appointment will not violate any regulations concerning public servants or other relevant laws [6][7][8]. Group 4: Shareholder Meeting Notification - The company has announced the first extraordinary general meeting of shareholders for 2026, scheduled for March 2, 2026 [68]. - The meeting will be conducted through a combination of on-site and online voting [70]. - Shareholders must register by February 25, 2026, to participate in the meeting [72]. Group 5: Voting Procedures - The voting process will include cumulative voting for the election of directors, allowing shareholders to allocate their votes among candidates [73]. - Specific voting times and procedures for both on-site and online participation have been outlined [70][81]. - The company will ensure that the voting process respects the rights of minority investors [75].

Group 1 - The company announced a total guarantee amount of RMB 4 billion, which accounts for 191.14% of the audited net assets for the year 2024 [1] - As of now, the total balance of external guarantees by the company and its subsidiaries is RMB 74.054 million, representing 3.54% of the audited net assets for 2024 [1] - There are no guarantees provided to entities outside the consolidated financial statements, and the company has no overdue external guarantees or any amounts related to litigation [1] Group 2 - Notable investors, Ge Weidong and Fang Wenyuan, each invested RMB 1 billion in the company, leading to a significant increase in the company's stock price [1] - Historical analysis indicates that retail investors have experienced both gains and losses when participating in private placements [1]