证券日报网讯1月22日，润和软件（300339）在互动平台回答投资者提问时表示，公司对行业发展动向 及前沿技术一直保持密切关注，未来公司将结合战略规划和市场需求进行相关领域的拓展和布局。 ...

证券日报网讯1月21日，恒实科技（300513）在互动平台回答投资者提问时表示，公司持续关注前沿技 术的发展与应用，并结合公司实际需要，探索相关技术在公司各业务领域内的应用。 ...

Core Viewpoint - The key to a fund manager's growth is the comprehensive experience of bull, bear, and volatile markets, emphasizing that investment is not only about pursuing sharp returns but also about controlling drawdowns, with "fixed income +" being an important tool for balancing offense and defense [1] Group 1: Investment Experience and Evolution - The fund manager's career began in May 2015 during a bull market, where a product's net value surged by 30% in one month, followed by a significant drop, marking the first lesson in risk management [2] - From 2016 to 2017, the manager focused on sectors like home appliances and supply-side reforms, achieving good relative rankings but relying more on experiential judgment rather than a systematic framework [2] - A turning point occurred in 2018 during a prolonged bear market, leading to the realization that a purely bottom-up stock selection approach is vulnerable to systemic risks, prompting the development of a combined top-down and bottom-up investment decision system [2] Group 2: Investment Framework - The manager's investment framework consists of three components: an "investment decision system," a "risk control system," and "mindset," which are interdependent [3] - The investment decision system focuses on identifying quality assets with good fundamentals and reasonable valuations through a combination of top-down and bottom-up approaches [3] - The risk control system aims to manage drawdowns through a combination of active and passive measures, striving for a smooth net value curve, while the mindset component emphasizes maintaining rationality during market fluctuations [3] Group 3: Asset Management Principles - The core of the investment methodology is based on the "first principles" of asset management, which prioritize customer needs by providing "reasonable long-term returns" and "good process experiences," with a strong emphasis on drawdown control [4] - The investment goal is to offer clients a packaged investment solution that does not require them to time the market or select styles [4] - Historical performance demonstrates the effectiveness of this approach, showcasing strong anti-drawdown characteristics during bear markets and rapid recovery during rebounds [4] Group 4: Risk Management and Market Outlook - The manager's approach to risk management is illustrated by the example of the West China New Trends fund, which effectively utilized the risk control system to adjust positions based on market signals [5] - The outlook for 2026 is optimistic, drawing parallels to the 2013-2015 growth of the ChiNext board, with a focus on the current high-quality technology wave and the emergence of entrepreneurs with core technologies [6] - The investment strategy will focus on sectors experiencing rapid growth along the "S-curve," particularly in AI and frontier technology, as well as consumer sectors that align with domestic demand [7]

Core Viewpoint - Strongda Circuit (301628) has nearly 3,000 active clients, primarily including electronic product manufacturers, PCB traders, and PCB producers, with around 100 listed companies among its main clients [1] Group 1: Client Base and Applications - The company serves a diverse range of industries, including industrial control, communication equipment, automotive electronics, consumer electronics, healthcare, and semiconductor testing [1] - The active client base consists of nearly 3,000 clients, indicating a robust market presence [1] Group 2: Future Expansion Plans - The company plans to focus on emerging technology areas such as optical modules and millimeter-wave radar [1] - There is an intention to deepen engagement in high-value sample and small-batch board layouts, targeting core application markets like data centers, servers, and CPU board cards [1] - The strategy aims to seize opportunities in emerging markets [1]

Core Viewpoint - Fosun Pharma (600196) is focusing on innovation and internationalization strategies while continuously monitoring cutting-edge technology trends and evaluating potential business opportunities based on market conditions, technological advancements, and the company's development plans [1] Group 1 - The company is actively engaging with investors through interactive platforms to address inquiries [1] - Fosun Pharma emphasizes the importance of aligning its strategies with market dynamics and technological progress [1] - The company is committed to exploring new business opportunities in relevant fields [1]

记者 俞陶然 在科技活动产出方面，上海得分排名全国第一，创新产出水平和技术成果转化二级维度也均为第 一。与上年相比，上海技术国际收入增长8.94%，占全国的34.22%，万元GDP技术国际收入增加2.07美 元，保持在全国第一位；万人科技论文数、万人有效注册商标数、万人高价值发明专利拥有量、亿元 GDP知识产权使用费出口额均保持全国第二位；技术市场输出技术成交额增长19.93%，万人输出技术 成交额增加2891.97万元，位次上升至全国第二。 生物医药产业的BD（商务拓展）收入，是一类重要的技术国际收入。医药魔方的统计数据显示， 2025年，中国创新药BD对外授权交易总金额达到1356.55亿美元，首付款70亿美元，交易总量为157 笔。在交易数量上，上海位居榜首，占全国交易总量的1/3左右。 科技论文的质量和人均数量，上海也占有优势。2025年，上海科学家在《科学》《自然》《细胞》 三大国际顶刊发表论文181篇，占全国的30.6%，较2024年增长14.6%。其中，上海科学家为第一作者或 通讯作者的论文有109篇，占全国的24.1%，较2024年增长29.8%。 "值得注意的是，在科技创新投入这个指标上，上 ...

Group 1 - The company, Zhouming Technology, is actively monitoring the development of cutting-edge technologies and will release updates on product research and development through official channels [2]

Core Insights - The selection of a motherboard is crucial for building a high-performance and highly expandable main machine, impacting the overall system capabilities [5][6][9] - High-end motherboards priced above 1500 yuan incorporate advanced technologies such as Wi-Fi 7, PCIe 5.0, and DDR5 high-frequency support, catering to professional development and high-performance computing needs [5] Group 1: Product Summaries - MSI MPG X870I EDGE TI EVO WIFI, priced at 2499 yuan, is a high-performance AMD platform motherboard in an ITX form factor, designed for Ryzen 9000 series processors, featuring a 12-layer PCB structure for reduced signal interference and enhanced stability [6][7] - GIGABYTE B760 AORUS MASTER DDR4, priced at 1899 yuan, targets the mid-to-high-end Intel platform with a robust power supply configuration, supporting DDR4 memory up to 5333MHz and offering extensive storage flexibility with multiple M.2 slots [7][8] - MSI X870E MEG X870E GODLIKE X EDITION, priced at 8888 yuan, is a limited edition flagship motherboard with an E-ATX form factor, featuring an extreme power supply system and support for high-speed storage options, appealing to hardcore developers seeking performance and aesthetics [8] - ASUS ROG STRIX Z790-A GAMING WIFI, priced at 2899 yuan, combines performance and aesthetics with support for DDR5 memory and multiple M.2 interfaces, making it suitable for AI training and high-performance computing simulations [9] Group 2: Market Trends - The increasing complexity of development environments and growing computational demands necessitate the selection of high-spec motherboards for longer lifespan, better compatibility, and higher system stability [5][9] - The four highlighted products cater to various user needs, from compact ITX builds to mainstream ATX platforms and flagship E-ATX configurations, ensuring options for both performance enthusiasts and practical users [5][9]

Group 1 - The "Wuda Guangyi Concept Verification Fund" was launched with a total scale of no less than 10 million yuan, aimed at empowering cutting-edge technology fields such as aerospace information and new energy materials [1] - The fund is initiated by Wuhan University Science Park and Wuhan Optics Valley New Technology Industry Investment Co., and it supports early-stage technology achievements to complete concept verification and sample trial production [1] - The fund provides up to 1 million yuan in support for individual projects and includes comprehensive services such as entrepreneurial guidance and resource matching [1] Group 2 - The "Tianxing" project introduced a high-precision orbital modeling and dynamic parameter calculation platform for interstellar probes, offering one-stop orbital calculation services [2] - Wuhan Mirror Image Point Cloud's drone transient electromagnetic exploration technology achieves breakthroughs in "low-altitude operations + deep earth exploration," capable of "seeing" mineral distribution up to 500 meters underground [2] - The Beidou industry in Wuhan East Lake High-tech Zone has formed a development pattern of "one base and two parks," gathering over 200 high-quality enterprises in the Beidou navigation and earth space information fields, with a core output value of approximately 2 billion yuan [2]

Core Insights - The third Xiong'an Future City Scenario Conference will focus on cutting-edge technologies and future industries, launching 12 specialized competitions to promote the large-scale application and industrialization of new technologies, products, and scenarios in Xiong'an New Area and Hebei Province [1][2] Group 1: Competitions and Events - The conference will feature 12 specialized competitions, including the Xiong'an Aerospace Information Innovation Technology Competition, Xiong'an Low-altitude Transportation Innovation Technology Application Competition, and Xiong'an International Robot Competition, among others, covering a total of 35 tracks [1] - New competitions have been added, such as the Green Energy Competition and Smart Express Logistics Competition, indicating an expansion and optimization of the event compared to previous editions [1] Group 2: Project and Resource Development - The event will leverage the modern urban construction of Xiong'an and the rich resource scenarios in Hebei, identifying nearly 100 key directions for scenario development and a number of major engineering projects to support the implementation of these scenarios [2] - The competitions are scheduled to take place from April to June next year, with online registration already open for participating teams and companies through the official platform [2]