即使到了2025年，AI医疗依旧"红得发紫"。 从生成式AI、大模型等新一代AI技术在医疗健康/生命科学寻求临床价值验证到各类AI医疗健康/生命科学应用层出不穷，百花齐放……AI医疗健康/生命 科学创新实践在如火如荼开展的同时，市场规模也不断攀升。据甲子光年预测，2025年中国AI医疗市场规模将达到1157亿元，且预计2028年还将攀升至 1598亿元。 行业高速发展的同时，一个疑问也摆在了产业各方面前——当AI与医疗健康/生命科学的融合已然取得佳绩时，行业在未来会朝着哪些方向演进？ 为此，英伟达调研了600余位专业人士，并发布了《医疗健康和生命科学领域AI现状及2025年趋势》调研报告。 需要特别指出的是，为确保调研结果的客观性和完整性，这600余位受访对象不仅领域不同，职位也不尽相同。在领域方面，英伟达访谈了四类细分领域 的从业人员，即医疗技术、工具和诊断行业、数字医疗健康、制药和生物技术、方案购买方和方案提供方，完整涵盖了医疗健康/生命科学的产业链接。 此外，这600余位受访对象也涵盖了企业高管、临床医生、技术设备方案人员以及学术人员等，使得调研结果不仅客观完整，也丰富多元。 | 然而，由于所处行业及视 ...

Core Viewpoint - The Shandong Provincial Industrial and Information Technology Department, along with nine other departments, has issued the "Shandong Province Copper Industry High-Quality Development Action Plan (2025-2027)", aiming to exceed a total output value of 200 billion yuan in the copper industry by 2027, establishing Shandong as a globally competitive copper smelting base and a leading domestic hub for high-end copper material R&D and application [1][2] Group 1 - The plan focuses on enhancing the industrial foundation, clustering levels, and development momentum in key cities, promoting the establishment of four major copper industry clusters: Dongying for "cooperative smelting + copper-based new materials", Liaocheng for "mining copper smelting + high-end foil deep processing", Yantai for "associated copper smelting + special rod and wire deep processing", and Linyi for "recycled copper smelting + urban mining" [1] - The strategy includes extending the copper industry chain by targeting key segments, weak areas, and high-end gaps, while aligning with national industrial policies [2] Group 2 - In the upstream sector, the plan emphasizes upgrading the circular economy of copper smelting and improving the efficiency of recycled copper resource utilization to secure raw material supply [2] - The midstream focus is on expanding specialized copper materials for power distribution, precision copper components for electronics, and special copper parts for equipment manufacturing to fill gaps in the industry chain [2] - In the downstream sector, the plan aims to layout key copper-based materials for the new energy field, facilitating the extension to high-end application scenarios [2] Group 3 - The plan supports the adoption of intelligent smelting systems in the melting process, establishing digital twin models to enhance material supply management and reduce smelting costs [2] - In copper processing, it promotes flexible production and quality closed-loop systems, encouraging copper foil rolling companies to use AI visual inspection systems to improve product quality [2] - The initiative also advocates for the use of 5G and industrial internet collaborative platforms in copper pipe processing to shorten order switching times and reduce logistics costs, driving the transition of copper smelting and processing enterprises towards a "data-driven" model [2]

Core Insights - The South-to-North Water Diversion Project has successfully transferred over 84.5 billion cubic meters of water in 11 years, benefiting 195 million people in 48 major cities along the route, significantly promoting high-quality economic and social development in the region [1] - The project has fundamentally changed the water supply landscape in recipient areas, improved ecological environments, and enhanced water supply security for major cities [1] - The project has also led to notable improvements in water quality, with the middle line achieving surface water quality standards of Class II and above, and the eastern line maintaining Class III standards [1] Group 1 - The South-to-North Water Diversion Project has transformed the lives of over 5 million people in the Heibei Heilonggang area, who previously struggled with high fluoride and saline water, now enjoying improved water quality [1] - In Henan Province, the project has enhanced the quality of local products, such as producing better quality millet vinegar, and in Tianjin, it has allowed automotive glass factories to fully utilize their production capacity due to sufficient water supply [1] - The project has facilitated a shift in agricultural practices in Shandong Province, moving from drought-resistant cotton to high-yield food crops, ensuring high-level water security through multi-source coordination [1] Group 2 - The project has significantly contributed to ecological restoration in the Haihe River basin, with notable improvements in the water quality of Baiyangdian Lake, which has maintained an average ecological water level above 7 meters for seven consecutive years [2] - The project has supported the recovery of over 50 rivers in the northern region through ecological replenishment, leading to a rise in shallow and deep groundwater levels in the Beijing-Tianjin-Hebei area [2] - The project has also resulted in the resurgence of 102 previously dry springs in the Beijing-Tianjin-Hebei region [2] Group 3 - The South-to-North Water Diversion Group is advancing the digitalization, networking, and intelligence of water network engineering, with the digital twin system for the middle line upgraded to version 2.0, enhancing operational safety [3] - The project has implemented automated data collection and remote control systems for water dispatch, creating an automated scheduling system that withstands extreme weather conditions [3] - The eastern line has established a digital twin intelligent dispatch platform, significantly improving operational efficiency and reducing personnel requirements [4] Group 4 - The Ministry of Water Resources is focusing on major economic zones and urban clusters to enhance water resource allocation networks, aiming for a national water network coverage rate of 80.3% by the end of the year [5]

前言：通信行业智能体的发展态势 通信网络目前正经历从 4G/5G/5G-A 向 6G 的 代际演进，万物互联的崭新时代已然开启。在赋能工 业互联网、智能电网、智能交通等垂直行业，提供强 大的超高速、可靠、实时通信保障，帮助众多企业提 升生产效率与产品质量的同时，通信网络自身运营和 运维，也面临运维效率、用户体验等关键挑战，通过 AI 和智能体技术注入，实现网络自身的智能化、自动 化技术转型，走向网络高阶自治，已成为产业共识。 业务和架构层面，2025 年 6 月，TM Forum 联 合 75 家全球领先的产业伙伴，共同发布了具有里程 碑意义的自智网络白皮书 7.0，定义了以自智网络智 能体（AN Agent）为核心的自智网络 Agentic 功能 架构和智能体架构，推动智能体、数字孪生技术与通 信网络深度融合。TM Forum 同时围绕自智网络 L4 等级发布了 20 个高价值场景的目标态与智能体能力， 以 KBI/KEI 指标量化商业价值，并借助 IG150x 系列 解决方案包，为行业提供部署指南，助力运营商量化 成效、提升部署效率。3GPP、ETSI、IETF、CCSA 等专业领域标准组织则聚焦落地使能 ...

3. 城市治理解决方案——提供具备高度定制化能力的场景化智能产品，覆盖园区、校园、应急及社区管 理等领域，功能包括场景监控、物联网监控、应急响应及大数据分析。 诺比侃确立了在轨道交通AI领域的领军地位，业绩表现持续向好。依靠核心AI技术对垂直场景的赋 能，公司成为中国首家落地"超视距+ AI"行车辅助解决方案的供应商，业务版图覆盖全国超过80%的铁 路局。 诺比侃人工智能科技（成都）有限公司（以下简称"诺比侃"），股票代码2635.HK，于2025年12月15日 至12月18日期间正式启动公开招股，百惠金控团队担任本次IPO项目的联席账簿管理人及联席牵头经办 人。 据百惠金控了解，本次IPO计划发行378.7万股H股，招股价为每股80港元至106港元，预计集资净额约 为4亿港元。公司预计将于2025年12月23日在香港联合交易所主板挂牌上市。 根据招股书披露，诺比侃是一家专注于AI和数字孪生等先进技术在交通、能源及城市治理等领域的产 业化应用的企业。该公司主要向客户销售基于不同 AI 行业模型的软硬件一体化解决方案，适用于众多 应用场景。 诺比侃的三大核心业务模式包括： 1. 交通解决方案（轨道交通）——旗下 ...

Investment Rating - The report suggests a cautious subscription for the company Nobikang (2635.HK) [1][3] Core Insights - Nobikang focuses on the industrial application of advanced technologies such as AI and digital twins in sectors like transportation, energy, and urban governance, providing integrated hardware and software solutions based on comprehensive AI industry models [2] - The company has three business lines targeting vertical industries: transportation solutions, energy solutions, and urban governance solutions, with significant revenue generated from its rail transportation and energy solution businesses [2] - China has become the second-largest AI market globally, with spending expected to reach USD 18.1 billion in 2024 and soar to USD 47 billion by 2029, highlighting the country's growing influence in shaping the global AI landscape [2] Summary by Sections IPO Details - The IPO price range is set between HKD 80.0 and HKD 106.0, with a total fundraising amount of approximately HKD 306 million [1] - The total number of shares offered is 3.79 million, with 90% allocated for international placement and 10% for public offering [1] Financial Performance - For the six months ending June 30, 2025, Nobikang reported revenue of approximately RMB 232 million, a year-on-year increase of about 24.7%, while net profit was approximately RMB 40.08 million, a decrease of about 21.0% [3] - The estimated market capitalization post-IPO is around HKD 3.5 billion, with a price-to-earnings ratio (PE) of approximately 28.0X based on 2024 revenue, indicating a high valuation [3]

Core Viewpoint - Shandong Province aims to develop a competitive copper industry, targeting a total output value exceeding 200 billion yuan by 2027, establishing itself as a global copper smelting hub and a leader in high-end copper material innovation [1] Group 1: Industry Development Goals - The plan includes creating four major copper industry clusters in Dongying, Liaocheng, Yantai, and Linyi, focusing on collaborative smelting and advanced material processing [1] - The initiative emphasizes high-end and specialized development in the copper industry, leveraging Shandong's strong industrial foundation and development momentum [1] Group 2: Industry Chain Extension - The strategy involves extending the copper industry chain by enhancing existing smelting capacities and addressing gaps in high-end applications [2] - Key areas of focus include improving recycling efficiency in upstream copper smelting, expanding specialized copper materials in midstream, and developing critical copper-based materials for new energy applications downstream [2] Group 3: Technological Advancements - The plan supports the adoption of smart smelting systems and digital twin models to enhance material management and reduce costs in the smelting process [2] - In copper processing, the promotion of flexible production and AI visual inspection systems aims to improve product quality and efficiency [2] - The integration of 5G and industrial internet platforms in copper tube processing is expected to reduce logistics costs and enhance operational efficiency [2]

经济观察网广西壮族自治区工业和信息化厅近日印发《广西培育先进制造业集群行动方案》。其中提 出，推动智能化数字化升级。深入实施"人工智能+制造"行动，深化人工智能、数字孪生、云计算、大 数据等数字技术的集中应用，发展智能机器人、具身智能、智能家居等智能产品，在集群内重点领域打 造一批应用场景和工业高质量数据集。加快建设中国-东盟人工智能创新合作中心、中国-东盟人工智能 工业设计中心等创新服务平台。推动集群式数字化转型和链式数字化转型，建设行业工业互联网平台， 促进中小企业上云用数赋智。鼓励建设供应链信息服务平台，发展数字化管理、平台化设计、个性化定 制、网络化协同、服务化延伸等新业态新模式，创建一批数字化车间、智能工厂。 ...

人民财讯12月15日电，广西壮族自治区工业和信息化厅近日印发《广西培育先进制造业集群行动方 案》。其中提出，推动智能化数字化升级。深入实施"人工智能+制造"行动，深化人工智能、数字孪 生、云计算、大数据等数字技术的集中应用，发展智能机器人、具身智能、智能家居等智能产品，在集 群内重点领域打造一批应用场景和工业高质量数据集。加快建设中国—东盟人工智能创新合作中心、中 国—东盟人工智能工业设计中心等创新服务平台。推动集群式数字化转型和链式数字化转型，建设行业 工业互联网平台，促进中小企业上云用数赋智。鼓励建设供应链信息服务平台，发展数字化管理、平台 化设计、个性化定制、网络化协同、服务化延伸等新业态新模式，创建一批数字化车间、智能工厂。 ...

Core Viewpoint - 51WORLD is not merely a digital twin company but a physical intelligent infrastructure company, positioning itself as a leader in the emerging Physical AI sector [1][8]. Group 1: Company Overview - 51WORLD has passed the Hong Kong Stock Exchange hearing and is set to become the first "Physical AI" stock in the Hong Kong market [2]. - The company has evolved through three stages: Digital Twin, Simulation, and currently, Physical AI, showcasing its commitment to advancing AI technology [4]. Group 2: Technological Development - The 51Aes digital twin base serves as the "world expression layer" for Physical AI, enabling multi-source data fusion and real-time synchronization [4]. - The 51Sim simulation and training platform represents the "deduction and learning layer," allowing for high-confidence physical sensor simulation and large-scale strategy deduction [4][7]. Group 3: Commercial Applications - 51Aes has been applied across over ten industries, including urban planning, water management, and healthcare, while 51Sim is projected to grow at a compound annual growth rate of 22.5% from 2022 to 2024 [5]. - The company has established a closed-loop ecosystem for Physical AI, with successful implementations in smart driving, transportation hubs, and smart factories [6]. Group 4: Future Prospects - 51WORLD has launched two new AI platforms, Clonova and Aperdata, to bridge the digital and physical worlds, and is increasing investments in AI focused on "AI×3D" integration [8]. - According to IDC, the global robotics market is expected to exceed $400 billion by 2029, with embodied intelligent robots becoming a key segment, highlighting the growing importance of companies like 51WORLD [10].