Group 1 - The core viewpoint of the news highlights the resurgence of interest in the AI and domestic innovation sectors, driven by Nvidia's strong performance and the upgrade of DeepSeek-R1, particularly focusing on national information security [1] - The Xinchang ETF fund (562030) has seen a significant increase, with a mid-day price surge of over 2%, ranking among the top ten ETF gains in the market [1] - The fund has experienced continuous net inflows for ten consecutive days, totaling over 100 million yuan, likely catalyzed by the merger of Haiguang Information and Zhongke Shuguang [1] Group 2 - The Xinchang sector is viewed as having high investment value due to strong policy support, growing market demand, and technological advancements [3] - Policy support is substantial, with expectations that technological self-reliance will be the main theme of the tech industry by 2025, driving the development of domestic software and hardware [3] - Market demand is robust, with both government and industry sectors driving the need for domestic innovation, leading to a projected market growth rate of 10.84% in 2025 and 26.82% in 2026, reaching a market size of 26,559 billion yuan by 2026 [3][4] Group 3 - The industry is experiencing a recovery in prosperity, supported by the release of secure and reliable results for core products like CPUs, operating systems, and databases, indicating an improvement in the overall strength of Xinchang products [4] - External pressures are pushing for greater self-sufficiency in technology, accelerating the development of the Xinchang industry [4] Group 4 - The Xinchang ETF fund (562030) and its linked funds are designed to passively track the CSI Xinchang Index, which encompasses key segments of the Xinchang industry, including basic hardware, software, and information security [6] - The index is characterized by high growth and elasticity, making it a focal point for investment in the current climate [7] - Four key investment logics are emphasized: geopolitical tensions increasing the need for self-sufficiency, government procurement likely to rebound, breakthroughs in technology by domestic firms, and the timing of procurement standards becoming more refined [7]

Market Overview - A-shares experienced a broad rally, with the computer sector leading the gains, particularly the Xinchuang 50 ETF (560850) which surged over 2% and saw a net inflow of over 12 million yuan in the past five days [1][3] Company Developments - DeepSeek, a large model platform, released its latest version R1 on May 28 without detailed announcements, but it is expected to soon provide more information about its features. Testing by Live CodeBench indicates that its performance is comparable to OpenAI's latest models [3][4] - In the hardware sector, the Xinchuang 50 ETF (560850) component stocks, Haiguang Information and Zhongke Shuguang, announced a merger through a stock swap, with Haiguang being the second-largest holding in the ETF [3][4] Industry Insights - The Xinchuang 50 ETF (560850) tracks the Zhongzheng Xinchuang Index, which has a high weight of 48.1% in DeepSeek concept stocks, covering major players like Inspur Information and Kingsoft [7] - The index includes various sectors such as computer software (41%), cloud services (22%), computer equipment (19%), semiconductors (14%), and industrial internet (5%), indicating a strong linkage to the DeepSeek developments [7] AI Application Trends - AI companionship applications are gaining traction, with platforms like Character.AI and Talkie reaching over 10 million monthly active users. Key features include personalization, real-time interaction, and immersive experiences, primarily attracting younger demographics [5][6] - The integration of multi-modal capabilities in AI applications is expected to enhance user engagement and retention, with advancements in text, image, and audio generation technologies [5][6]

| | | 截至下列日期止三個月 | | | --- | --- | --- | --- | | | 二零二五年 | 二零二四年 | 二零二四年 | | | 三月三十一日 | 三月三十一日 十二月三十一日 | | | | 人民幣千元 | 人民幣千元 | 人民幣千元 | | | (未經審計) | (未經審計) | (未經審計) | | 收益 | | | | | 辦公軟件及服務 | 1,301,469 | 1,225,349 | 1,501,181 | | 網絡游戲及其他 | 1,036,526 | 911.526 | 1,291,297 | | | 2.337.995 | 2.136.875 | 2.792.478 | | 收益成本 | (419,409) | (396,222) | (449.134) | | 毛利 | 1.918.586 | 1.740.653 | 2.343.344 | | 研究及開發成本 | (827.853) | (712,788) | (730.411) | | 銷售及分銷開支 | (340,468) | (261,292) | (340,275) | | 行政開支 | (160,2 ...

ETF收盘涨跌不一，通信ETF(515880)领涨1.42%，标普500ETF(159612)涨1.39%，800现金流 ETF(563990)涨1.37%，教育ETF(513360)领跌1.98%，中概互联网ETF(513050)跌1.73%，信创ETF富国 (159538)跌1.65%。 无需港股通，A股账户就能T+0买港股>> ...

Core Viewpoint - Zhongguancun KJ has made significant progress in the Xinchuang field by successfully obtaining Huawei Ascend certification for its self-developed Dazhu model application development platform, marking a comprehensive adaptation to the Huawei Ascend ecosystem and enhancing its capabilities in various sectors such as finance, government, and enterprise services [1][2]. Group 1 - The Dazhu model platform integrates Huawei Ascend AI processor capabilities, forming a complete development capability that includes computing factories, data factories, model factories, and intelligent agent factories [2]. - The platform supports flexible access to high-performance AI computing resources from Huawei Ascend Cloud and is compatible with mainstream domestic chips and hardware, creating a full-stack domestic closed loop from chip to application [2]. - Zhongguancun KJ has launched an all-in-one Dazhu model application development machine to simplify deployment processes for enterprises, featuring pre-installed frameworks for domestic Xinchuang environments and supporting rapid tuning of mainstream open-source models [2]. Group 2 - Zhongguancun KJ and Huawei Cloud jointly released the "Ascend Cloud + Dazhu Model Platform" solution, creating an integrated service system that combines industry knowledge, business processes, and general large models to quickly train high-precision vertical models [3]. - The company has developed the first large model application platform in the engineering sector, 'Lingzhu', in collaboration with Ningxia Jiaojian Transportation Technology Research Institute, supporting various innovative scenarios [5]. - In the financial sector, Zhongguancun KJ partnered with CITIC Construction Investment Securities to create a "large model intelligent training platform," enhancing compliance learning services for over 300 branch client managers [5]. Group 3 - Zhongguancun KJ is advancing the usability of domestic large models through self-research, application co-creation, and ecosystem building, aiming to accelerate the implementation of vertical large model applications [6]. - The company plans to continue collaborating with ecosystem partners to develop more scenario-based solutions, supporting the prosperity of the domestic Xinchuang ecosystem and the intelligent upgrade of industries [6].

每经编辑｜赵云 摘要： 半导体芯片、人工智能相关标的5月27日集体调整，展望后市，AI Agent及其他AI工具的商业化落地和 行业并购重组可能带来投资机遇。当前，国内人工智能产业快速演进，已占据全球1/10的规模，AI Agent从技术到监管正不断完善。自"新国九条"提出鼓励吸收合并以来，市场交易活力得到提振，尤其 是科技类公司有望藉此实现技术、产业链、市场的广泛互补，如近期停牌合并的海光信息和中科曙光。 最近信创ETF（159537）的规模有所增长，推测是感兴趣的投资者已经借道信创ETF（159537）提前"埋 伏"，该基金跟踪国证信息技术创新主题指数，其中海光信息和中科曙光分别为指数第一大和第三大权 重股，合计占比约14%，是已上市ETF跟踪指数中占比最高的。 正文： | 代码 | 名称 | 两日图 | 现价 | 涨跌 | 涨跌幅 | | --- | --- | --- | --- | --- | --- | | 159537 | 信创ETF | Mayer | 1.131 c | -0.011 | -0.96% | | 159516 | 半导体设备ETF | 1 | 1.003 c | -0.005 ...

证券代码：832876 证券简称：慧为智能 公告编号：2025-042 深圳市慧为智能科技股份有限公司 投资者关系活动记录表 √业绩说明会 □媒体采访 □现场参观 □新闻发布会 □分析师会议 □路演活动 □其他 二、 投资者关系活动情况 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假记载、 误导性陈述或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连 带法律责任。 一、 投资者关系活动类别 □特定对象调研 问题1：募投项目江门生产基地进度如何？ 回答：您好！感谢您的关注。公司江门生产基地建设顺利推进，目前主体工 程已经完工，正在进行设备采购和厂房内部装修等工作，预计今年上半年可以部 分投入使用。 活动时间：2025 年 5 月 26 日 活动地点：公司通过全景网"投资者关系互动平台"（https://ir.p5w.net） 采用网络远程的方式召开业绩说明会。 参会单位及人员：通过网络方式参加公司 2024 年年度报告业绩说明会的投 资者。 上市公司接待人员： 董事长、总经理：李晓辉先生 财务负责人、董事会秘书：廖全继女士 保荐代表人：郑伟先生 三、 投资者关系活动主要内容 本次业绩说 ...

— 1 — | | 杆解决方案，服务全国多个省级行政区的数字政府建设项目， | | --- | --- | | | 助力安全可靠的数字化中国建设，去年公司在信创领域也有着 | | | 不错的成绩，目前正在服务几个重要项目，公司仍在不断积累 | | | 项目经验，希望打造几个灯塔类项目，为后续信创业务的开展 | | | 拓宽道路。感谢您对公司的关注！ | | | 年亏损，今年采取了什么补救措施？ 2、公司已经连续 3 | | | 答：尊敬的投资者您好！公司围绕开源，聚焦主业和创新 | | | 业务，持续推动研发和技术创新，通过与行业头部厂商的合作 | | | 在信创领域布局新赛道，培育第二增长曲线。另外，公司已从 | | | 多方面开展降本增效工作，在成本控制方面，通过全链条成本 | | | 结构优化及供应链协同降本；在费用管理方面，严格预算管理， | | | 合理安排资金，控制各项费用支出，提高精细化管理水平。未 | | | 来公司将以财务战略驱动资源高效配置，提升盈利能力和股东 | | | 回报水平。感谢您对公司的关注！ | | | 3、正元大厦什么进展？ | | | 答：尊敬的投资者您好！正元大厦位于国家 ...

「奔向AGI」 栏目聚焦AI大模型、AI agent、AI应用、芯片、机器人等前沿、热门的AI技术和商业创 新。 作者丨 薛皓皓 编辑丨 关雎 图源 丨Midjourney 5 月 25 日晚，两家重磅 A 股半导体公司宣布并购重组，涉及海光信息和中科曙光，前者的最新市值 超 3160 亿元，后者的最新市值超 900 亿元。 根据相关公告，海光信息将通过吸收合并的方式，并购中科曙光，若合并完成，将形成一家市值超 4000 亿元的半导体巨头。 海光信息是国内头部芯片设计公司，以自主研发的 CPU 和 DCU （一种 AI 算力芯片 ) 为两大产品 线，同时面向国产信创（信息技术自主研发，实现国产替代和安全可控）和 AI 算力领域， 2024 年营 收超 90 亿元，是 A 股市值最高的芯片设计公司。 被并购方中科曙光在服务器集成领域持续深耕，并在液冷技术、分布式存储等领域占据一席之地， 2024 年营收 131 亿元。 有半导体行业研究人员认为，通过本次并购重组，海光信息将形成芯片设计、整机制造、算力服务的 全产业链布局，达成"芯片 + 整机 + 算力"的完整生态。 通过产业链上下协同，海光信息可能制造出一款系 ...

长江商报消息 ●长江商报记者 沈右荣 前次募资尚未使用完，软通动力（301236.SZ）筹划再融资，加码产业布局。 5月25日晚间，软通动力披露的投资者关系活动记录表显示，在特定对象调研活动过程中，公司相关负 责人回应定增再融资时表示，完善产业布局，加码信创AI赛道。 根据软通动力此前发布的定增预案，公司拟向特定对象发行股票，拟募资不超过33.78亿元，重点投向 京津冀软通信创智造基地、AIPC智能制造基地、怀来智算中心（一期）及计算机生产车间智能升级四 大项目，深化"软硬一体、全栈智能"战略布局。 软通动力于2022年3月15日通过闯关IPO登陆A股市场，首发募资46.30亿元。截至今年3月末，还有14.15 亿元募资未使用。 近几年，软通动力经营承压。2023年、2024年，公司实现的归属母公司股东的净利润（简称"归母净利 润"）连续大幅下降。今年一季度，公司亏损1.98亿元。 备受关注的是，近两年，软通动力的研发投入也是连续下降。2024年，公司研发投入占营业收入的比重 为3.11%，两年下降2.65个百分点。 上市三年筹划再融资 软通动力上市以来首次筹划再融资。 根据再融资预案，软通动力拟向不超过35 ...