专题：与"大V"营销合作属实，监管火速通报德邦基金违规销售，暂停新发，高管遭追责 来源：腾讯财经 文|王立广 编辑|刘鹏 利用大V带货引流，单日吸金超百亿元的德邦基金，迎来监管重拳出击。 腾讯财经获悉的一份由证监会证券基金机构监管司主办的《机构监管情况通报》指出，某基金公司管理 的基金产品单日申购量超百亿，涉嫌违规销售，引发多家媒体关注报道。监管机构第一时间组织开展现 场核查，对相关机构和个人依法从严采取监管措施。 从知情人士处确认，通报中的的代号"D基金"，正是德邦基金，在此前通过"大V"带货且返佣金的形 式，吸引投资者疯狂申购，超百亿元涌入德邦稳盈增长灵活配置混合基金。 资料显示，德邦稳盈增长灵活配置混合由基金经理雷涛和陆阳共同管理，截至2025年四季度末，前十大 重仓股依次为合合信息、卓易信息、万兴科技、税友股份、中文在线、汉得信息、慧辰股份（维权）、 易点天下、泛微网络（维权）、光云科技，几乎高度押注AI概念股。 通报显示，经核查，D基金公司与不具备基金销售业务资格和基金从业资格的互联网"大V"开展营销合 作，向其支付大额广告费，以互联网"大V"在平台上预告某日（将）大额购入D基金公司的A产品为噱 头 ...

Core Insights - Moltbot has high commercial potential and is expected to catalyze investment opportunities in the AI agent industry chain [1][4] - The core design of Moltbot transforms personal AI assistants from passive tools into proactive, convenient, and privatized "digital partners" [2][3] - Major model vendors like Tencent and Alibaba are accelerating their integration with Moltbot, indicating its significant ecological value [4] Investment Opportunities - Moltbot is anticipated to drive growth in the AI agent industry chain, focusing on key segments such as AI agents, cloud services, computing power, storage, and major model vendors [5] - The use of Moltbot will lead to increased API calls to large models, generating revenue growth for model vendors [5] - Cloud service providers will benefit from the demand for infrastructure support required for the increased usage of large model APIs [5] Market Performance - The report includes a stock pool focusing on AI agents, cloud services, and storage, highlighting companies with significant price changes and P/E ratios [6][7] - Specific companies such as 彩讯股份 (23.90% increase), 浙文互联 (76.21% increase), and 值得买 (64.74% increase) are noted for their performance since 2026 [6]

Core Insights - The Advanced Planning and Scheduling (APS) industry in China is experiencing robust growth, integrating AI, industrial internet, and digital twin technologies to drive intelligent scheduling and real-time optimization, becoming a key driver for the smart upgrade of manufacturing [1][6] - The market size of the APS industry in China is projected to reach approximately 2.511 billion yuan in 2024, representing a year-on-year growth of 23.45% [1][6] Industry Overview - APS is a software system driven by algorithms, focusing on "limited resources + multiple constraints," integrating demand forecasting, material availability, capacity, personnel, tooling, shift calendars, and order priorities into a unified model [2] - Unlike traditional MRP/ERP systems, APS outputs executable process-level Gantt charts, achieving overall optimization across multiple objectives such as delivery time, changeover, inventory, and cost [2] Market Size - The APS industry in China is projected to grow significantly, with a market size of approximately 2.511 billion yuan in 2024, reflecting a 23.45% increase compared to the previous year [1][6] Key Companies - Major players in the APS industry include Dingjie Zhizhi, Saiyi Information, Baoxin Software, and Hand Information, each leveraging unique strategies and technologies to cater to the evolving market demands [2][7][8][10] - Dingjie Zhizhi reported a revenue of 1.614 billion yuan for the first three quarters of 2025, with a year-on-year growth of 2.63% [8] - Saiyi Information's revenue for the same period was 1.501 billion yuan, showing a decline of 11.96% year-on-year [10] Industry Development Trends 1. The deep integration of AI and industrial large models will become the core driving force for technological innovation in the industry, transforming AI from an auxiliary function to the decision-making center of APS [11] 2. The market is rapidly evolving from "production scheduling" to "integrated supply chain planning," with a focus on providing comprehensive solutions that cover demand forecasting and multi-factory network optimization [12] 3. Cloud-based and ecological deployment will become mainstream, promoting the adoption of APS among small and medium-sized enterprises and reshaping business models towards subscription services and ecosystem collaboration [13]

Core Viewpoint - The company, Han's Information (300170), is focusing on AI technology to enhance its enterprise digitalization products and solutions, aiming to improve operational efficiency and meet customer management needs [1] Group 1: AI Technology Integration - The company is leveraging AI technology across its R&D, delivery, sales, and internal operations to enhance quality and efficiency [1] - The self-developed "De·Ling" B-end AI application and product system includes the "Lingyuan" AI middle platform, which connects multiple models to help enterprises quickly access various models [1] - The "Lingce" supporting service offers AI consulting planning, private model training, and customized AI application development to create personalized digital solutions for enterprises [1] Group 2: Comprehensive AI Solutions - The enterprise-level one-stop large model training and management platform "Linglian" provides end-to-end capabilities including dataset management, computing power management, model fine-tuning, inference deployment, and evaluation to support AI model development and implementation [1] - The "Lingshou" business intelligence series and "Lingrui" vertical model series offer a range of ready-to-use AI intelligent agents and industry-specific models, gradually being commercialized [1] - These solutions assist enterprise clients in upgrading AI intelligence in manufacturing, marketing, finance, and supply chain sectors [1]

Core Viewpoint - The company Han's Information (300170) has developed an AI platform called "Lingyuan" that connects various models to provide scenario-based AI application solutions for enterprise clients [1]. Group 1 - The "Lingyuan" AI platform integrates mainstream large models available in the market [1]. - The platform utilizes multi-modal AI capabilities to enhance its service offerings [1].

Core Viewpoint - Han's Information (300170) aims to enhance production efficiency and achieve collaborative upgrades and transformations in the industrial chain through the application of intelligent technology in its digitalization business segment [1] Group 1: Business Overview - The company's digitalization business focuses on three main areas: intelligent manufacturing, digital marketing, and collaborative supply chain [1] - Han's Information provides enterprise-level PaaS platform H-ZERO, data platform H-ONE, and AI middle platform, which serve as technological foundations to help clients build industrial internet platforms [1]

Core Viewpoint - Han's Information (300170) is a strategic partner of Baidu, actively collaborating on Baidu Cloud and the Wenxin large model, and has joined the Wenxin Yiyan ecosystem [1] Group 1: Company Collaboration - The company has established multiple collaborations with Baidu, particularly in the areas of cloud services and AI models [1] - Han's "Lingyuan" AI platform connects with major large models in the market, including "Wenxin Yiyan," to facilitate the implementation of digital intelligence applications for B-end clients [1]

Group 1 - The core viewpoint of the article is that Han's Information has clarified its current focus on enterprise digitalization products and solutions, stating that it has no plans for quantum technology at this time [1] Group 2 - The company positions itself as a comprehensive service provider for enterprise digitalization, offering software products, solutions, consulting, and implementation services for operational management [1]

Core Viewpoint - The company HanDe Information has developed a comprehensive B-end AI application and product system called "De·Ling," which includes various AI solutions to support enterprises in multiple sectors such as manufacturing, marketing, finance, and supply chain [2] Group 1: AI Product Offerings - The "Ling Yuan" AI middle platform connects multiple models, enabling enterprises to quickly access various models while providing pre-configured application components and rich AI orchestration capabilities for efficient personalized application development [2] - The "Ling Ce" service offers AI consulting planning, private model training, and customized AI application development to create a personalized digital brain for enterprises [2] - The "Ling Lian" platform serves as a one-stop solution for enterprise-level large model training and management, encompassing dataset management, computing power management, model fine-tuning, inference deployment, and evaluation [2] Group 2: Business Intelligence and Vertical Models - The "Ling Shou" series of business intelligence agents and the "Ling Rui" series of vertical models provide ready-to-use AI agents for specific business scenarios and industry-specific models, which are gradually being commercialized [2] - The applications and products under "De·Ling" are designed to facilitate the implementation of AI solutions in various enterprise functions [2]

（文章来源：证券日报） 证券日报网讯 1月29日，汉得信息在互动平台回答投资者提问时表示，公司控股子公司鼎医信息是医院 运营管理数智化产品及解决方案提供商，依托于成熟的HRP技术底座，专注于医院运营管理领域，提供 涵盖医院的药品、高低值物资、设备、财务核算、成本分析、费用、预算、人事、薪酬、绩效管理、科 研经费等核心运营管理业务场景的产品及服务。其中，鼎医信息通过AI能力，构建门户助手、智能客 服、智能问数、智能指引、智能交互等多个医院智慧财务智能体，已在多家医院落地，帮助企业客户实 现医疗财务数据的智能分析、风险防控与流程自动化，助力医院降本增效与合规管理。 ...