优化要素流通机制，健全人工智能产业市场机制。促进数据要素流通交易，加快推动数据相关标准研制 和数据要素市场建设，以市场化手段大力发展人工智能基础数据服务产业，培育专业数据服务商和第三 方服务机构。联合产业龙头企业，进一步建立完善数据交易系统、数据清洗加工标注及托管平台、数据 跨境实验室等软硬件基础环境，构建人工智能基础数据服务行业生态。推动全国算力一张网建设，制订 用好统一的算力互联互通、整合调度、供给运营标准和规范以及对接供需的算力服务平台，鼓励算力租 赁等创新模式。通过云计算、边缘计算等技术创新，实现算力资源动态分配和优化利用。 建议：优化人工智能产业生态，构建企业融通协同发展格局。结合领航企业培育工程，增强领军企业在 关键共性技术创新中的引领作用，鼓励其贡献开源项目。对中小企业和应用型企业，采取普惠性政策措 施，鼓励其采用、复用人工智能技术，同时在使用中进一步找问题、优技术、促迭代。 完善人工智能产业赋能新型工业化区域协调联动机制。从国家层面梳理人工智能相关算力、数据、算 法、上下游行业等信息，统筹做好人工智能产业布局。引导各地结合自身产业基础、资源禀赋，因地制 宜探索"AI+"赋能场景，统筹基础设施配 ...

Group 1 - The core viewpoint of the article emphasizes the transformative impact of artificial intelligence (AI) on global industrialization and the need for new industrialization concepts to integrate emerging technologies [1][2] - The 2025 BRICS New Industrial Revolution Partnership Forum highlighted discussions on how AI can empower new industrialization and how BRICS countries can seize opportunities [1] - The President of the New Development Bank, Dilma Rousseff, stated that AI and other emerging technologies are fundamentally changing production, trade, innovation, and development methods, necessitating an upgrade in industrialization concepts [1][2] Group 2 - China is accelerating the promotion of new industrialization, with AI as a key driver, and has established a complete AI industry system, focusing on innovation and the "AI + manufacturing" initiative [1][2] - Research indicates that the proportion of Chinese industrial enterprises applying large models and intelligent agents is expected to rise from 9.6% in 2024 to 47.5% in 2025 [1] - China has maintained its position as the world's largest industrial robot market for 12 consecutive years, with over 7,000 advanced and more than 230 excellent smart factories established [1] Group 3 - Cross-industry integration driven by AI is becoming a trend, with advancements in embodied intelligence and world models enabling real-time, precise mapping of the real world [2] - The Chairman of China Mobile, Yang Jie, noted that AI is facilitating the deep integration of the digital and real worlds, leading to new business models such as digital twin factories and industrial metaverse laboratories [2] - Challenges remain, particularly for global South countries in key technologies and digital infrastructure, necessitating inclusive AI technology that bridges the digital divide [2] Group 4 - The Minister of Industry and Information Technology, Li Lecheng, emphasized the importance of keeping pace with technological changes and promoting interconnected digital infrastructure [3] - China established the China-BRICS AI Development and Cooperation Center last year, with plans to create an innovation-sharing platform to share mature large model tools and reduce technical barriers [3]

Core Insights - The rapid development of artificial intelligence is driving the integration of computing, networking, and storage as the three pillars of modern computing systems, enabling the fusion of digital technology with traditional manufacturing [1] - The New Generation Computing Industry Conference held in Beijing aimed to promote innovation and development in the computing industry through standardization, focusing on key areas such as GPU, DPU, server power supplies, heterogeneous computing, and industry applications [1][6] Group 1: Industry Trends - The combination of computing technology and industry is becoming increasingly widespread, with intelligent manufacturing and services emerging as primary directions for the transformation and upgrading of traditional industries [2] - New generation computing technology is viewed as a core engine driving high-quality economic development in China, with a call for collaboration among industry, academia, research, and application sectors to contribute to industrial growth [2] Group 2: Key Technologies - The New Generation Computing Standard Working Committee has established five working groups focusing on DPU technology, GPU support for AI and virtual reality, standardization of computing product components, liquid cooling ecosystems, and heterogeneous computing [3] - DPU technology is highlighted as a key enabler for enhancing efficiency in AI model training and inference by offloading GPU workloads and optimizing data processing [4] Group 3: Standardization Efforts - The conference officially launched the "New Generation Computing Standard System," aimed at establishing a solid foundation for group standard construction, with certificates awarded to key units in GPU, DPU, computing product components, liquid cooling ecosystems, and heterogeneous computing [6] - The event facilitated deeper communication and collaborative innovation among various stakeholders, reinforcing the importance of standardization in leading technological breakthroughs and ecosystem development [6]

Financial Market Development - The Hong Kong government aims to enhance the financial system, targeting a return to the third position in the Global Financial Centers Index [5] - Plans include strengthening the stock market, developing a leading bond market, and establishing an international gold trading market [7] - Initiatives to improve offshore RMB market liquidity and explore diverse cross-border funding channels are also highlighted [7][8] Industry Development - The government is focused on transforming the industrial structure by consolidating traditional industries while fostering emerging sectors such as advanced manufacturing, life sciences, renewable energy, and AI [11][12] - Specific strategies include attracting top pharmaceutical companies, promoting renewable energy, and establishing an AI research institute by 2026 with a budget of 1 billion HKD [13] Integration with National Development - The government plans to fully integrate into national strategies, leveraging Hong Kong's unique advantages to support mainland enterprises in expanding into new markets [15] - A dedicated task force will be established to facilitate mainland companies using Hong Kong as a platform for international expansion, including optimizing tax measures and establishing regional headquarters [15][16] Infrastructure and Governance - The establishment of the "Northern Metropolis Development Committee" aims to accelerate the development of the Northern Metropolis area, focusing on administrative efficiency and innovative construction methods [19][21] - The government will implement a package of incentives to attract high-value industries and enterprises to settle in Hong Kong [22]

[中国，浙江，2025年9月16日] 浙江省"十链百场万企"系列对接活动之"鸿启新程・算赋浙 商"第四届828企业家活动 在浙江省人民大会堂盛大启幕。活动期间，"浙江鸿蒙与AI产业实 践成果暨优秀产学研单位""浙江鸿蒙千帆生态成果""浙商人工智能服务团服务图谱""华为云 浙江AI先锋计划服务团" 相继发布亮相，系统呈现了浙江在鸿蒙生态落地、AI技术产业化等方 面的阶段性成就。活动汇聚了政府部门负责人、知名企业家、专家学者及行业精英近400人， 以" 鸿蒙+AI "为核心引擎，共商技术融合路径、共探生态共建模式、共话产业跃迁方向，为 浙江数字经济高质量发展注入强劲动力。 政企产研多方联动 共启思想盛宴 作为浙江数字经济领域的年度盛会，本次活动得到政企学各界高度重视。浙江省经济和信息 化厅党组成员、副厅长詹佳祥，浙江省委统战部副部长、省工商联党组书记郑敏强，华为终 端BG CEO何刚先后致辞，从政策引导、产业协同、技术创新等维度，阐述了鸿蒙与AI融合发 展对培育新质生产力、推动浙商企业转型升级的重要意义，强调各方需凝聚合力，抢占数字 技术革命先机。 浙江省委统战部副部长、省工商联党组书记 郑敏强 浙江省委统战部副 ...

Investment Rating - The report maintains an investment rating of "B" for the new materials sector, indicating a positive outlook compared to the market [1]. Core Insights - The new materials sector has shown strong performance, with the new materials index rising by 2.50%, outperforming the ChiNext index by 0.39%. Key sub-sectors such as semiconductor materials and battery chemicals have seen significant increases, with battery chemicals up by 13.68% [3][19]. - The report highlights opportunities in upstream new materials for the automotive industry, driven by government policies aimed at stabilizing growth in the sector. The target for total vehicle sales in 2025 is approximately 32.3 million units, with a projected 20% increase in new energy vehicle sales [6]. Market Performance - The new materials sector has outperformed the broader market, with significant gains in various sub-sectors over the past week. The synthetic biology index increased by 2.88%, semiconductor materials by 9.04%, and electronic chemicals by 6.88% [3][19]. - The report notes that 60.67% of stocks in the new materials sector achieved positive returns, with notable performers including Xiamen Tungsten (up 26.79%) and Hengshen Co. (up 20.33%) [24]. Price Tracking - The report provides weekly price updates for key materials. For instance, the price of valine is 12,600 CNY/ton, down 1.18%, while the price of lysine (98.5%) is 6,950 CNY/ton, up 2.21% [29]. - In the biodegradable plastics segment, the price of PLA (injection grade) remains stable at 17,800 CNY/ton, while PBS is also stable at 17,800 CNY/ton [33]. Investment Recommendations - The report suggests focusing on companies such as Times New Material and Jun Ding Da, which are positioned to benefit from the growth in the automotive sector and new materials [6].

Company Overview - Hefei HuoDuan Intelligent Manufacturing Co., Ltd. was established on September 7, 1997, and listed on November 7, 2014. The company specializes in the research, production, and sales of forging equipment and intelligent detection and sorting equipment [2] - The main business revenue composition includes: color sorting machines 49.80%, hydraulic presses 30.93%, mechanical presses 14.87%, and others 3.62% [2] - As of June 30, 2025, the number of shareholders is 70,900, a decrease of 11.09% from the previous period, with an average of 6,975 circulating shares per person, an increase of 12.47% [2] Financial Performance - For the first half of 2025, the company achieved operating revenue of 982 million yuan, a year-on-year increase of 8.23%, while the net profit attributable to the parent company was 9.51 million yuan, a year-on-year decrease of 11.39% [2] - The company has distributed a total of 157 million yuan in dividends since its A-share listing, with no dividends distributed in the past three years [3] Stock Performance - On September 17, the stock price of HuoDuan Intelligent fell by 2.04%, trading at 16.82 yuan per share, with a total market capitalization of 8.316 billion yuan [1] - Year-to-date, the stock price has increased by 145.55%, with a decline of 1.81% over the last five trading days, and increases of 5.72% and 8.66% over the last 20 and 60 days, respectively [1] - The company has appeared on the trading leaderboard 19 times this year, with the most recent appearance on June 19, where it recorded a net buy of -125 million yuan [1] Institutional Holdings - As of June 30, 2025, the fourth largest circulating shareholder is Huaxia High-end Manufacturing Mixed A, holding 4.6428 million shares, an increase of 900 shares from the previous period. Huaxia Leading Stock is the tenth largest shareholder, holding 2 million shares as a new shareholder [3]

Core Viewpoint - The stock of Greentech Harmonic has shown significant growth in 2023, with a year-to-date increase of 70.43%, indicating strong market performance and investor interest [1][2]. Company Overview - Greentech Harmonic, established on January 13, 2011, and listed on August 28, 2020, is located in Suzhou, Jiangsu Province. The company specializes in the research, design, production, and sales of precision transmission devices [1]. - The main revenue sources for the company are harmonic reducers and metal components (78.33%), mechatronic products (16.56%), intelligent automation equipment (3.24%), and others (1.87%) [1]. Financial Performance - For the first half of 2025, Greentech Harmonic reported a revenue of 251 million yuan, representing a year-on-year growth of 45.82%. The net profit attributable to shareholders was approximately 53.42 million yuan, also reflecting a growth of 45.87% [2]. - The company has distributed a total of 194 million yuan in dividends since its A-share listing, with 85.79 million yuan distributed over the past three years [3]. Shareholder Structure - As of June 30, 2025, the number of shareholders decreased by 11.24% to 20,800, while the average number of circulating shares per person increased by 12.67% to 8,115 shares [2]. - The top ten circulating shareholders include notable entities such as Hong Kong Central Clearing Limited and various ETFs, with some shareholders increasing or decreasing their holdings [3].

Core Viewpoint - Kory Technology's stock has shown a significant increase in price and trading volume, indicating positive market sentiment and potential growth in the industrial automation sector [1][2]. Group 1: Stock Performance - Kory Technology's stock price increased by 20.61% year-to-date, with a 2.30% rise in the last five trading days, 4.41% in the last 20 days, and 14.15% in the last 60 days [2]. - As of September 17, the stock was trading at 18.72 CNY per share, with a market capitalization of 7.862 billion CNY [1]. Group 2: Financial Performance - For the first half of 2025, Kory Technology reported a revenue of 1.106 billion CNY, representing a year-on-year growth of 6.31%, and a net profit attributable to shareholders of 123 million CNY, up 37.28% year-on-year [2]. Group 3: Business Overview - Kory Technology, established on May 23, 2001, and listed on July 26, 2019, specializes in the research, design, production, sales, and technical services of industrial automation equipment, with a revenue composition of 70.86% from automation equipment, 14.31% from precision components, and 2.71% from technical services [2]. - The company operates within the mechanical equipment sector, specifically in automation equipment and industrial control devices, and is associated with concepts such as lithium batteries and new energy vehicles [2]. Group 4: Shareholder Information - As of June 30, 2025, Kory Technology had 31,100 shareholders, with an average of 13,174 shares held per shareholder, reflecting a slight decrease in the number of shareholders but an increase in shares held [2][3]. - Major institutional shareholders include the Huaxia CSI Robot ETF and Hong Kong Central Clearing Limited, both of which have increased their holdings [3].

Core Insights - The report emphasizes the strategic direction of the "14th Five-Year Plan" focusing on new industrialization, highlighting high-end equipment, artificial intelligence, and green manufacturing as key long-term investment themes [2][3] - The meeting led by the Minister of Industry and Information Technology underlined the importance of core technologies, resilience in industrial chains, digital and green transformation, internationalization, and industry governance [3] Policy Focus - The "14th Five-Year Plan" aims to accelerate new industrialization, emphasizing digitalization, greening, and high-end manufacturing as critical areas for development [3][4] - Key policies include strengthening the manufacturing sector, promoting technological innovation, enhancing industry governance, and balancing international expansion with supply chain resilience [3][4] Industry Upgrade Directions - The reaffirmation of reasonable manufacturing proportions and high-end development goals will provide long-term policy support for strategic industries such as equipment manufacturing, industrial mother machines, and special materials [3][4] - Digital transformation and the expansion of "AI+" scenarios are expected to accelerate the application of industrial internet and AI-driven smart manufacturing, benefiting companies with core technologies [3][4] Market Opportunities - The report identifies a market expectation gap due to the emphasis on "AI+" and internationalization in the "14th Five-Year Plan," which may create new structural investment opportunities [3][4] - Companies with key technological capabilities, international operational advantages, and resource integration capabilities in the industrial chain are expected to attract policy and market attention [3][4] Catalysts for Implementation - The rollout of policies related to the "14th Five-Year Plan" is anticipated to serve as a catalyst for industry development and capital markets over the next year [3][4] - The meeting clarified the main directions for industrial and information technology development, providing a strategic framework for high-quality manufacturing growth and identifying structural investment opportunities [3][4]