2月27日，外交部发言人林剑主持例行记者会。 彭博社记者提问，美国国务卿鲁比奥在接受采访时对中俄关系表达了担忧，请问中方对此有何评论？ 林剑对此表示，中俄作为两个大国，彼此的关系具有强大的内生动力，不受任何第三方影响。中俄两国的发展 战略和外交政策是很长远的，任凭国际风云变幻，中俄关系都将从容前行。美方对中俄关系挑拨离间完全是徒 劳的。 台湾地区哪有什么国防部？ 会上，法新社记者提问，台湾"国防部"声称，发现了48架中国大陆的军机，中方对此有何评论？ "台湾地区哪有什么国防部？"林剑表示，"这也不是一个外交问题"。 来源：长安街知事 责编：刘艺文 校对：苏焕文 百万用户都在看 DeepSeek，突传大消息！最新回应来了 刚刚，集体下跌！发生了什么？ 利好来袭！高盛，突然发声！ AI，重磅时刻！英伟达，即将发布！ 刚刚，双双否认！ 违法和不良信息举报电话：0755-83514034 邮箱：bwb@stcn.com ...

Investment Rating - The report does not explicitly state an investment rating for the software development industry or the specific company, StarRing Technology-U [1]. Core Insights - The company has a competitive advantage in the LLMOps product space due to its comprehensive capabilities that cover the entire data lifecycle, from data integration to model management and application deployment [19]. - The demand for AI-related solutions has significantly increased, particularly following the emergence of DeepSeek, leading to a rise in inquiries and business opportunities from clients [21]. - The company emphasizes the importance of pre-processing and knowledge management in effectively utilizing AI models, indicating that successful application depends on the context and preparation of data [22]. Summary by Sections 1. Basic Research Information - The research was conducted on February 18, 2025, focusing on StarRing Technology-U within the software development industry [13]. 2. Detailed Research Institutions - Various institutions participated in the research, including Changjiang Pension, Changjiang Securities, Haitong Securities, and several fund management companies [14][15]. 3. Research Institution Proportion - The report does not provide specific data on the proportion of research institutions involved [17]. 4. Main Content Information - The company’s LLMOps supports multi-modal data processing and emphasizes enterprise-level operational capabilities, including role-based access and resource management [19]. - Open-source tools are not seen as a threat to the company's proprietary data processing tools due to their limitations in handling large-scale data and security concerns [20]. - The company is actively engaging with clients to facilitate the integration of its products with DeepSeek, enhancing the deployment of AI solutions in enterprises [21]. - The company’s hardware strategy includes three main products: a knowledge platform, LLMOps on workstations or servers, and AIPC for personal computers [23].

Core Viewpoints - The report emphasizes that the market transaction volume continues to rise, driven by AI-led transformations in the industry, particularly benefiting brokerage firms' trading businesses [4][29] - It highlights the ongoing integration process within the brokerage industry, with significant events such as the transfer of equity stakes from the Ministry of Finance to Central Huijin and the establishment of a coordination group for the Guolian Minsheng integration [4][19] Market Performance - The report notes that the CSI 300 index increased by 1.19% during the week of February 10-14, while the Zhongzheng All Bond Index decreased by 0.10% [6][7] - Year-to-date performance shows the CSI 300 index has risen by 0.10%, while the Shanghai Composite Index has decreased by 0.15% [6][7] Market Activity - A-share daily average trading volume reached 17,496 billion yuan, an increase of 8.3% compared to the previous week, and a 27.7% increase year-to-date compared to the entire year of 2024 [10][12] - The Hong Kong stock exchange saw a daily average trading volume of 2,987 billion HKD, up 65.2% from the previous week, and a 34.2% increase year-to-date compared to 2024 [14] Public Fund Data - The report indicates that new public fund issuance is primarily in bond funds, with 42.7 billion units issued this week, while equity funds saw 5.1 billion units issued, with no new actively managed equity funds [16][18] - Year-to-date, public fund issuance totals 996 billion units, a 15.6% increase year-on-year, while equity fund issuance is 406 billion units, a 125.3% increase year-on-year [16] Key Events - The transfer of equity stakes in three major AMCs to Central Huijin has resulted in Central Huijin holding seven brokerage licenses, making it the most concentrated state-owned capital operating platform in the brokerage sector [19] - The establishment of the Guolian Minsheng integration coordination group marks the official start of the integration process, with leadership roles assigned to key executives from both firms [19][21] AI Deployment in Brokerages - The report tracks the deployment of AI models like DeepSeek across various brokerages, highlighting applications in risk management, investment advisory, and market analysis [23][24] - Brokerages such as CITIC Securities and Guotai Junan have completed local deployments of DeepSeek, enhancing their capabilities in intelligent investment services and market analysis [23][24] Earnings Reports - As of February 16, 2025, 19 brokerages have released earnings forecasts, with Dongwu Securities reporting a net profit of 2.366 billion yuan for 2024, an 18% year-on-year increase [26][27] - Orient Securities expects a net profit of 3.351 billion yuan for 2024, a 22% increase year-on-year, with a significant turnaround in the fourth quarter [26][27] Investment Recommendations - The report suggests focusing on brokerage firms like Dongfang Caifu, which have internet business advantages, and top-tier firms like CITIC Securities and招商证券 (H shares) that are expected to strive for "first-class investment bank" status [4][29]