一、智能设备行业概述 内容概况：智能设备是一种结合硬件、软件和互联网技术的设备，具有智能化、互联性和自我优化能 力，能够执行各种任务，如收集数据、执行命令、甚至进行自我优化和升级。近年来，随着生活水平的 提高和人们对便利性的追求，越来越多的消费者对智能设备的需求不断增长。同时，随着5G网络的商 用化，智能设备的通信速度大幅提升，为更多的智能设备应用场景提供了可能，智能设备行业市场规模 不断增长。数据显示，中国智能设备行业市场规模从2018年的5133亿元增长至2024年的17157亿元，年 复合增长率为22.28%。未来，随着技术的不断进步和应用场景的不断扩展，智能设备将会变得越来越 智能化、互联化和高效化，为人类带来更加便捷、舒适和安全的生活体验。预计2025年中国智能设备行 业市场规模将增长至20979亿元。 相关上市企业：海尔智家（600690）、小米集团-W（01810）、美的集团（000333）、科沃斯 （603486）、石头科技（688169）、乐心医疗（300562）、比亚迪（002594）、理想汽车-W （02015）、蔚来-SW（09866）等。 相关企业：华为投资控股有限公司、广东小天才科 ...

前言 2025年2月份，DeepSeek 火遍全球。 当时推出的DeepSeek-VL与DeepSeek-R1两个版本一亮相，凭借在低算力下跑出超高性能，引发了全球的关注。 当时一个几乎被所有人接受的结论是：东大在AI大模型层面，已经追上了漂亮国，甚至很快就会反超。 记得那时候都在宣传：算力不重要，芯片也不重要，大家甚至开始想"我们终于可以不用靠进口GPU也能弯道超车"。 那段时间，不仅是国内，连不少漂亮国的AI大咖，也公开承认这一点。很多人据此进一步推断：AI这场竞赛，胜负已定。 媒体接连报道，甚至连英伟达的股价一度受到影响，市场普遍开始怀疑："是不是我们一直高估了算力的重要性？" 但接下来大半年发生的事情，明显没有按这个叙事继续演下去。 GPT-5、Grok-4、Gemini 3 接连发布，一个比一个强；而 DeepSeek 虽然也在持续更新，却再也没有掀起类似年初的震动。 于是一个更现实的问题摆在面前：站在2026年年初这个时间点，我们和漂亮国在AI上的真实实力对比，到底是什么样？谁更强？强在哪？短板又在哪？ 这个问题，最近有人已经替我们系统性地回答过了。 这个人，就是 黄仁勋。 顺便说下，会员新春活动 ...

1984年，在美国，一场金融变革正在酝酿。雇主们开始用401(k)计划取代传统养老金，将养老 责任从企业转向员工。个人投资者突然需要自主决策储蓄与投资，而共同基金正以破竹之势吸 引着越来越多普通家庭的目光——明星基金经理的名字开始出现在街头巷尾的谈资中。 在这场变革之中，芝加哥一位27岁的股票分析师乔·曼苏托（Joe Mansueto），在一间狭小的 一居室公寓里点燃了改变行业的星火。受约翰·特雷恩《The Money Masters》中巴菲特价值投 资哲学的启发， 他敏锐察觉到一个不公平的真相：金融专业人士唾手可得的基金分析数据， 普通投资者却无从获取。 这种信息鸿沟，触动了这位年轻分析师的内心。 于是，他向父母借来启动资金，购置了一些简陋的设备，组建起最初的团队。在公寓的方寸之 间，Morningstar诞生了。 这个名字源自梭罗《瓦尔登湖》的终章： "太阳不过是一颗星辰（The sun is but a morning star）"。 乔选择这个名字，是因为它承载着他对企业的全部期许： 如同破 晓时分的第一缕晨光，象征着新生与希望；同时也暗喻着瓦尔登湖畔的独立精神—— 关于自立、节俭的哲学，正是他希望企 ...

我省出台实施意见推动城市高质量发展 推进济青都市圈协同联动发展 想知道你所在的城市未来会变成什么样吗？省政府新闻办1月21日召开政策例行吹风会，对省委、 省政府近日印发的《关于推动城市高质量发展的实施意见》进行解读，《意见》不仅关乎城市未来的宏 观布局，也与群众的就业、居住、出行、环境息息相关。 《意见》锚定建设现代化人民城市，系统提出9个方面、23条具体举措，为山东城市发展描绘出一 幅清晰的"路线图"。 着眼于加快建设创新、宜居、美丽、韧性、文明、智慧的现代化人民城市，《意见》进一步优化城 市体系，夯实发展根基。省发展改革委二级巡视员封立树表示，"十五五"时期是加快济青现代化都市圈 建设、推进两圈协同联动发展的关键时期，《意见》明确提出"推动城市群一体化、都市圈同城化发 展"的要求。在实施路径上，将加快推动基础设施互联互通，共建便捷通达交通网络。共建现代化产业 体系，优化两圈产业布局，提升科技创新策源能力。提高协同开放能级，发挥好开放载体作用，深度融 入共建"一带一路"。深化淄烟潍与两圈合作，构建济青高质量发展轴带。 城市高质量发展离不开国土空间规划引领和土地资源要素保障。省自然资源厅二级巡视员段秀铭指 出 ...

市场概况 2026年1月21日，三大指数集体收涨，其中沪指上涨0.08%，收报4116.94点；深证成指上涨0.70%，收报14255.13点；创业板指上涨0.54%，收报3295.52 点。今日两市成交额26003亿元，与上个交易日相比减少约1771亿元。 02 01 盘面观察 市场整体冲高回落。核心宽基指数涨多跌少，科创50、科创创业50领涨，中证红利、红利指数领跌。 | 市场 | 指数简称 | 今日涨跌幅 | 5日涨跌幅 | 30日涨跌幅 | 今年以来 | | --- | --- | --- | --- | --- | --- | | A股 | 科创50 | 3.5% | 2.3% | 14.0% | 14.2% | | | 中证500 | 1.1% | 1.4% | 16.5% | 11.7% | | | 中证2000 | 1.0% | 0.2% | 11.2% | 8.8% | | | 中证1000 | 0.8% | -0.1% | 11.3% | 8.6% | | | 深证成指 | 0.7% | 0.05% | 7.0% | 5.4% | | | 创业板指 | 0.5% | -1.60% | 2. ...

【环球网财经综合报道】近日，英伟达CEO黄仁勋在达沃斯论坛发表讲话指出，人工智能已开启人类历史上规模最大 的基础设施建设，总投入预计将达数万亿美元，目前需要更多的能源、土地和熟练工人。 黄仁勋还认为，AI不会简单地取代人类工作，而是会通过自动化任务创造更高价值的就业。 但据《卫报》近日发文称，摩根大通CEO杰米·戴蒙也在瑞士达沃斯世界经济论坛上表示，随着人工智能的推出，这家 华尔街金融机构在五年后可能会有更少的员工。他还提到："如果它对社会进展过快，政府和企业需要以协作的方式 共同介入，找到一种重新培训人员并逐渐过渡的方法。" 报道还提到，戴蒙认为地方政府应当使用支持工资、提供再培训、搬迁和提前退休的援助计划。 与此同时，高盛发布报告指出，AI基础设施建设正在推动PCB（印制电路板）和CCL（覆铜板）行业进入超级周期， 预计2026年AI服务器PCB与CCL市场将分别增长113%与142%。 ...

1. Report Industry Investment Ratings No specific industry investment ratings are provided in the report. 2. Core Views of the Report - Trump's statements on Greenland and other issues have led to changes in market risk preferences, affecting the trends of various assets such as the US dollar, gold, and US stocks [2][4][14]. - The A - share market has shown a trend of shock and upward movement, and the market sentiment has been repaired after the previous callback. The regulatory authorities' measures to cool the market are still ongoing [3][24][26]. - The prices of various commodities are affected by factors such as supply - demand fundamentals, geopolitical risks, and policy changes, showing different trends and investment opportunities [5][6][7]. 3. Summary by Directory 3.1 Financial News and Comments 3.1.1 Macro Strategy (Foreign Exchange Futures - US Dollar Index) - News: Trump reached a framework agreement on Greenland and will not impose tariffs on it. The US Supreme Court is cautious about Trump's attempt to remove Fed Governor Cook, and Trump hinted at the selection of the next Fed Chairman [12][13][14]. - Comment: Market risk preferences have rebounded, and the US dollar has rebounded. However, market volatility risks still exist [14]. - Investment advice: The US dollar index is expected to rise in the short term [15]. 3.1.2 Macro Strategy (Gold) - News: Trump stated that the US has no intention of using force to obtain Greenland and will not implement the original European tariff measures [16]. - Comment: Gold prices first rose and then fell. The short - term callback risk of precious metals has increased, but the long - term upward logic of gold remains unchanged [17][18]. - Investment advice: In the short term, the safe - haven sentiment has eased, precious metals face callback risks, and the gold - silver ratio is expected to rise [19]. 3.1.3 Macro Strategy (US Stock Index Futures) - News: Trump hinted at the selection of the next Fed Chairman, reached a "framework agreement" on Greenland with NATO, and the US Supreme Court is cautious about removing Fed Governor Cook [20][21][22]. - Comment: Geopolitical risks have eased, market risk preferences have improved, and the US stock market has repaired its previous decline and maintained high - level oscillations [22]. - Investment advice: The volatility of the US stock market will increase during the earnings season, and it is expected to oscillate at a high level [23]. 3.1.4 Macro Strategy (Stock Index Futures) - News: A - share indexes rose in shock, and the Ministry of Housing and Urban - Rural Development plans to implement the spot - housing sales system [24][25]. - Comment: Market sentiment has been repaired, trading volume has shrunk but the index has risen. The regulatory authorities' measures to cool the market are still ongoing. The strategy of buying on dips is better than chasing highs [26]. - Investment advice: Hold the long - position strategy for stock index futures [27]. 3.1.5 Macro Strategy (Treasury Bond Futures) - News: The central bank conducted 3635 billion yuan of 7 - day reverse repurchase operations, with a net investment of 1227 billion yuan [28]. - Comment: The rapid rebound of treasury bond futures is due to the alleviation of institutional concerns. However, it is difficult to chase the rise, and it is recommended to pay attention to short - selling opportunities on rallies [28][29]. - Investment advice: It is difficult to chase the rise, and it is recommended to pay attention to short - selling opportunities on rallies [30]. 3.2 Commodity News and Comments 3.2.1 Black Metal (Rebar/Hot - Rolled Coil) - News: Xingtai City launched an orange - level emergency response for heavy pollution weather [31]. - Comment: Steel prices are weakly oscillating. The fundamental pressure on finished products has increased, but the price decline space is limited in the short term [32]. - Investment advice: Adopt an oscillating mindset and consider inventory hedging on rallies [32]. 3.2.2 Black Metal (Coking Coal/Coke) - News: The price of coking coal in the Hebei market remained stable. Coke producers initiated the first price increase, but steel mills have not responded [33]. - Comment: The futures price is oscillating downward, and the spot price is rising. The supply is stable, and the demand for replenishment by downstream enterprises is strong, but the market trading activity has declined [33]. - Investment advice: In the short term, the spot price is supported, and the futures price is expected to oscillate [33]. 3.2.3 Agricultural Products (Pigs) - News: It is reported that Muyuan Co., Ltd. may be listed in Hong Kong as early as February [34]. - Comment: The main contract of live - hog futures has declined. The market is worried about the price decline after the Spring Festival, and the technical side shows a bear - dominated pattern [34][35]. - Investment advice: Hold the short - position established earlier and pay attention to the slaughter rhythm, frozen - product inventory changes, and policy reserve purchase trends [35]. 3.2.4 Agricultural Products (Soybean Oil/Rapeseed Oil/Palm Oil) - News: The production of Malaysian palm oil from January 1 - 20 decreased by 16.06% month - on - month, and Indonesia revoked the licenses of 28 companies [36][37]. - Comment: The oil market is generally strong, with palm oil leading the rise. The decline in palm oil production has maintained the expectation of inventory reduction in January [37]. - Investment advice: The supply pressure of Malaysian palm oil is alleviating, and the Indonesian government's measures have increased market concerns. The palm oil price is still supported, but attention should be paid to the prices of crude oil and US soybean oil [38]. 3.2.5 Non - ferrous Metals (Lead) - News: On January 20, the LME 0 - 3 lead was at a discount of 46.32 US dollars/ton, and the import volume of lead ore and concentrates in December increased by 35.8% month - on - month [39]. - Comment: The lead price oscillated downward. The fundamentals are weakening, the inventory is expected to rise, and the demand feedback at high prices is negative [39][40]. - Investment advice: For single - side trading, pay attention to short - selling opportunities on rallies; for arbitrage, adopt a wait - and - see approach [41]. 3.2.6 Non - ferrous Metals (Zinc) - News: Teck Resources' zinc concentrate and zinc ingot production in 2025 were at the high end of the guidance range, and on January 20, the LME 0 - 3 zinc was at a discount of 43.57 US dollars/ton [42][43]. - Comment: The zinc price oscillated and stabilized. The fundamentals of LME zinc are weakening, and the social inventory is expected to rise before the Spring Festival. The market sentiment is stable, but the upward drive is limited [43]. - Investment advice: For single - side trading, short - term wait - and - see; for arbitrage, wait - and - see [43]. 3.2.7 Non - ferrous Metals (Lithium Carbonate) - News: The Democratic Republic of the Congo opened its cobalt and copper mines to the US, and there are disturbances in the lithium ore market [44]. - Comment: The price of lithium carbonate rose sharply. There are continuous disturbances in the ore end, and there are expectations of supply reduction due to the maintenance of lithium salt plants. The downstream demand is weak, and the key lies in price transmission [44][45]. - Investment advice: The capital game in the lithium carbonate futures market is stronger than the fundamental game. Pay attention to long - buying opportunities after the position and volatility stabilize [46]. 3.2.8 Non - ferrous Metals (Copper) - News: The Democratic Republic of the Congo opened its mines to the US, Vale aims to achieve an annual copper production capacity of 1 million tons, and BHP Billiton raised the production guidance of the Escondida mine [47][48][49]. - Comment: The macro - sentiment is highly complex, and there is a risk of repeated expectations. The domestic inventory is rising, and the overseas squeeze - out risk has decreased [50]. - Investment advice: For single - side trading, the market is expected to oscillate widely, and short - term wait - and - see; for arbitrage, wait - and - see [50]. 3.2.9 Non - ferrous Metals (Tin) - News: The Ministry of Industry and Information Technology stated that artificial intelligence has injected strong impetus into industrial economic growth, and on January 20, the LME 0 - 3 tin was at a discount of 92 US dollars/ton [51][52]. - Comment: The inventory of SHFE tin decreased, and the LME tin inventory increased. The processing fee of smelters rose, demand is weak, and the inventory replenishment may be restricted by high prices [52]. - Investment advice: The price trend divergence increases, and it is expected to oscillate widely in the short term. Pay attention to the supply recovery and consumption improvement [52]. 3.2.10 Energy and Chemicals (Crude Oil) - News: India's Reliance Group plans to buy Russian oil in February and March, and the API crude oil inventory increased [53][54]. - Comment: Oil prices rose. The IEA raised the global demand growth forecast, but the market still faces a large surplus. The geopolitical situation has eased slightly, and the import of Russian oil by India will resume [54]. - Investment advice: Oil prices are expected to oscillate in the short term [55]. 3.2.11 Energy and Chemicals (Liquefied Petroleum Gas - LPG) - News: The price of LPG in the South China market continued to decline, and the US issued an emergency warning of extreme cold [56]. - Comment: The domestic and foreign prices rose slightly due to the sharp rise in HH natural gas prices. The market is worried about the short - term supply and export of US LPG [56]. - Investment advice: The overseas price is expected to be strong in the near term, and the domestic price may follow passively [57]. 3.2.12 Energy and Chemicals (Asphalt) - News: The capacity utilization rate of domestic heavy - traffic asphalt decreased [57]. - Comment: The asphalt market is in a pattern of weak supply and demand and cost game. The spot price is expected to be stable, and the low - price resources are decreasing [57]. - Investment advice: The futures market is expected to oscillate before the Spring Festival, and pay attention to cost changes [58]. 3.2.13 Energy and Chemicals (Styrene) - News: In December 2025, China's styrene export volume decreased by 30.86% month - on - month and increased by 382.71% year - on - year [59]. - Comment: The styrene price fluctuated greatly. The market is in an emotional game stage, and the previous upward drive has been challenged [59]. - Investment advice: If there is no new supply - side disturbance, the styrene market may adjust [60]. 3.2.14 Energy and Chemicals (Soda Ash) - News: The price of soda ash in the South China market was stable on January 21 [61]. - Comment: The soda ash futures price fell, the supply is increasing, and the downstream demand is weak. The soda ash factory's inventory is expected to continue to accumulate [61]. - Investment advice: In the expansion cycle, take a bearish view of soda ash in the medium term, and consider short - selling long - term contracts on rallies [62]. 3.2.15 Energy and Chemicals (Float Glass) - News: The price of float glass in the Shahe market decreased on January 21 [63]. - Comment: The glass futures price continued to fall, the inventory replenishment enthusiasm of traders weakened, and the supply - demand situation of the 05 contract is still in surplus [64]. - Investment advice: In 2026, the FG contract is expected to oscillate between 900 - 1250 yuan/ton. Short - sell on rallies. Pay attention to potential supply - side changes [64].

Core Insights - The Chinese government aims for a 5.9% year-on-year growth in industrial added value by 2025, with the manufacturing sector expected to maintain its position as the world's largest for 16 consecutive years [1][2] - The industrial and information technology sectors are projected to contribute over 40% to economic growth, reinforcing their role as a stabilizing force in the economy [1] Group 1: Industrial Growth - The added value of major equipment manufacturing and high-tech manufacturing is expected to grow by 9.2% and 9.4% year-on-year, respectively, outpacing overall industrial growth by 3.3 and 3.5 percentage points [1] - The government emphasizes the importance of supporting industrial provinces to drive stable industrial economic growth [1] Group 2: Emerging Industries - Significant breakthroughs in major equipment such as ultra-large diameter shield machines and heavy-duty gas turbines are noted, with artificial intelligence providing strong momentum for industrial growth [1] - The first phase of 6G technology trials has resulted in over 300 key technology reserves, indicating a focus on nurturing emerging pillar industries [1] Group 3: Future Industries and SMEs - The government plans to implement strategic major technology projects and support the establishment of future industry pilot zones, aiming to create a competitive environment for future industries nationwide [2] - The competitive ecosystem for key sectors like new energy vehicles and photovoltaics continues to improve, with 5G and gigabit optical networks integrated into 91 out of 97 national economic categories [2] - Over 140,000 specialized and innovative small and medium-sized enterprises (SMEs) have been cultivated, with high-tech enterprises reaching 504,000 [2] Group 4: Policy and Support for SMEs - A plan to promote SME development during the 14th Five-Year Plan period has been established, focusing on ensuring timely payments to SMEs and preventing new debts [2] - The government aims to revise SME classification standards to enhance the precision and effectiveness of policy support [2]

上天天基金APP搜索777注册即可领500元券包，优选基金10元起投！限量发放！先到先得！ 昨夜今晨，又有很多大事发生。 美国三大股指全线收涨，中国资产大幅上涨，大型科技股多数上涨。在达沃斯论坛上，特朗 普明确表示，不会武力夺取格陵兰岛；黄仁勋称AI是"人类历史最大规模基建"的基石，刺激 芯片股普遍上涨。 美国三大股指全线收涨 美国三大股指全线收涨，道指涨1.21%，报49077.23点；标普500指数涨1.16%，报 6875.62点；纳指涨1.18%，报23224.82点。 安进涨3.81%，英伟达涨2.87%，耐克涨2.80%，领涨道指成份股。 | 序号 名称 | | 代码 | 现价 | | 涨跌 涨跌幅▼ | 年初至今 | 时间 | | --- | --- | --- | --- | --- | --- | --- | --- | | 1 | 安进(AMGEN) | | AMGN 343.600 | 12.600 | 3.81% | 4.98% | 16:00 | | 2 | 英伟达(NVIDIA) | | NVDA 183.180 | 5.110 | 2.87% | -1.78% | 16:00 | ...

美联储主席候选人已经缩 (企业资讯) 上海證券報 (C 小中国证券网 (市场回顾) 日韩股市1月22日大幅高牙 美东时间周三,美国股市 均涨超1% 现货黄金盘中一度刷新历 新 > 社 主管主办 (国际宏观) 美国总统特朗普21日称, 加征关税的措施 随着隔夜日本超长期国债收益率短暂回落、40年期日债重新跌回4%下方，美债长端压力明显减轻。10年期美债收益率下行4.7个基点，30年期收益率下行5 个基点。 现货黄金盘中一度刷新历史新高逼近4900美元，随后回落，但最终仍收涨1.2%，站稳在4800美元附近。现货白银跌1.3%，盘中一度跌至90关口。 苹果将对Siri进行升级改 下半年推出的聊天机器人 马斯克推进SpaceX的IPO 【市场回顾】 1月22日，日韩股市大幅高开，日经225指数开盘上涨1.0%，报53327.39点，受汽车和金融类股带动。韩国综合股价指数（KOSPI）开盘上涨1.6%，报 4987.06点。 美东时间周三，美国股市大幅反弹，收复前一日大跌的失地，三大指数均涨超1%。截至收盘，道琼斯指数涨1.21%，报49077.23点；标普500指数涨1.16%， 报6,875.62点；纳斯达克指数 ...