AI端侧是有点东西的。上周一是海外运营的robotaxi 单车UE转正，单车不再亏钱了。 包括Ai手机（没动操作系统，就是软件优化，agent 实现一些应用方案功能）。 Ai端侧迟到了一下. AI眼镜。 周四听字节的人说自己的12.18号原动力大会 要上几个AI端侧。 抱歉,账号异常！周末没更新！ 今天比较火了。 上周我们聊原动力大会的时候，我们一致觉得,豆包+各种终端 ，就是在尽量抢端口价值。以后相信越来越多的app 会嵌入这个agent 背后调用。 仅面向需要体验 AI耳钉。 AI手环。 AI戒指。 他们内部觉得 就是打个样。他们并不知道销量会怎么样。但是发自内心的相信，这就是一个趋势。特别迭代几次之后，精度上行！完成C端客户的指令 准度度能上升到99%，那就是下一次agent 入口价值再重估了。 上一篇我看好的方向其实也是ai 端侧（不过我觉得就是车先落地而已）。 相信以后的手机，oppo 小米 都会跟上！ 我实际看了一下。应该是要授权的，跨app调用实现一些解决方案做得比较好。有点像chatgpt的那个搜索功能，能给你一些解决方案，不过得授权。 使用F码购买 已选 白色 16GB+512GB × 收藏 ...

Core Insights - The establishment of a dedicated regulatory body for the commercial aerospace industry in China marks a significant development for the sector [1] - The commercial rocket industry chain has seen an overall increase of approximately 5%, with specific stocks like Aerospace Power and Aerospace Electronics rising around 10% [1] Group 1: Commercial Aerospace - The National Space Administration has recently set up a Commercial Aerospace Department, indicating a move towards specialized regulation in the commercial aerospace sector [1] - The establishment of this department is expected to facilitate the growth and development of the commercial aerospace industry in China [1] Group 2: AI and Supply Chain Opportunities - Major companies such as Alibaba, Li Auto, Samsung, and Meta are entering the AI terminal market, leading to increased competition in the AI edge computing sector [1] - This competition is expected to create investment opportunities within the supply chain [1] Group 3: Non-ferrous Metals Sector - The prices of gold, copper, and aluminum are experiencing a synchronized increase, suggesting an optimal time for investment in the non-ferrous metals sector [1] - Institutions are predicting a year-end rally for gold and copper, supported by three core logical factors and a list of four key investment targets [1]

Group 1 - The establishment of a dedicated regulatory body for the commercial aerospace industry in China marks a significant development, indicating a growing focus on this sector [1] - The report highlights investment opportunities in the commercial rocket industry, with a noted overall increase of approximately 5% in the sector, and specific stocks like Aerospace Power and Aerospace Electronics rising about 10% [1] Group 2 - Major companies such as Alibaba, Li Auto, Samsung, and Meta are entering the AI terminal market, indicating a competitive landscape and emerging supply chain investment opportunities [2] - The metals sector, particularly gold, copper, and aluminum, is experiencing a rally, with institutions suggesting that a cross-year market trend is imminent, supported by three core logic points and a list of four key stocks to watch [2]

智通财经12月1日讯，市场震荡拉升，沪指重返3900点上方，深成指、创业板指均涨超1%。沪深两市成 交额1.87万亿，较上一个交易日放量2881亿。盘面上，市场热点快速轮动，全市场近3400只个股上涨。 从板块来看，消费电子方向集体爆发，中兴通讯、博通集成、实丰文化等近20股涨停。商业航天概念延 续强势，航天发展12天8板，雷科防务、通宇通讯涨停。有色金属板块表现活跃，闽发铝业、罗平锌电 涨停。光刻胶概念快速拉升，华融化学20cm涨停。下跌方面，电池板块冲高回落，万润新能跌近9%。 截至收盘，沪指涨0.65%，深成指涨1.25%，创业板指涨1.31%。 板块方面 板块上，AI端侧全线爆发，广和通、贝隆精密、博通集成、中兴通讯、昀冢科技、朝阳科技、惠威科 技等个股涨停。 消息面上，12月1日，中兴通讯表示，目前，搭载豆包手机助手技术预览版的工程样机努比亚M153少量 发售，供开发者和感兴趣的朋友体验豆包手机助手。其中，字节主导豆包大模型的植入与AI交互功能 定义，中兴则主导硬件定义、产品设计和生产制造。 东吴证券表示，手机端侧AI发展驱动硬件升级，有望成为新一轮换机潮核心推力：随着端侧大模型能 力的持续演进，A ...

Core Viewpoint - The A-share market experienced a collective rise, with major indices showing positive performance, indicating a bullish sentiment among investors [1] Market Performance - The Shanghai Composite Index increased by 0.65%, the Shenzhen Component rose by 1.25%, the ChiNext Index gained 1.31%, and the Northern Stock 50 climbed 1.52% [1] - The total trading volume across Shanghai, Shenzhen, and Beijing reached 1.8894 trillion yuan, an increase of 291.7 billion yuan compared to the previous day [1] - Over 3,300 stocks in the market saw gains [1] Sector Performance - Leading sectors included AI smartphones, AI glasses, industrial metals like silver and copper, commercial aerospace, tourism and hotels, storage chips, and photolithography materials [1] - The AI smartphone and AI glasses hardware sectors saw significant surges, with companies like Furuong Technology, ZTE, Daoming Optics, and others hitting their daily limits [1] - The rise in international silver and copper prices positively impacted the non-ferrous metals sector, with Jiangxi Copper, Yunnan Copper, and others showing notable gains [1] - Photolithography stocks experienced a midday rally, with Huarong Chemical hitting the daily limit and other companies like Rongda Photosensitive and Nanda Optoelectronics also rising sharply [1] Underperforming Sectors - The battery sector showed weakness, with Wanrun New Energy dropping by 9%, and other companies like Fengyuan Co., Hunan Yuno, and Haike New Energy also experiencing adjustments [1] - The real estate sector lagged behind, with stocks such as Vanke A, Shanghai Shimao, and Jindi Group declining [1]

公司主营精密电子零部件产品和集成方案,主要应用在智能手机摄( 头中的音圈马达VCM和摄像头模组CCM。马达相关电子零部件主.. 贝 (金) = % 11.8亿 55.63 +20.00% O sz 301567 公司从事精密结构件的研发、生产和销售,公司产品主要为运用于 能手机、可穿戴设备、智慧安居及汽车电子等行业的精密结构件, 消息面上，12月1日，中兴通讯表示，目前，搭载豆包手机助手技术预览版的工程样机努比亚M153少量发售，供开发者和感兴趣的朋友体验豆包手机助手。 其中，字节主导豆包大模型的植入与AI交互功能定义，中兴则主导硬件定义、产品设计和生产制造。 有色金属板块同样走强，白银有色、闽发铝业、亚太科技、罗平锌电涨停，天华新能、江西铜业、湖南白银、云南铜业等个股涨幅居前, 有色金属 +1.76% | + 自选 产业链 股票池 未上市公司 领涨次数 / 简称 涨跌幅↓ 流涌市值 现价 = 亚太科技 7.22 +10.06% O 62.9 Z sz 002540 公司是全球汽车行业铝材重要供应商及航空航天、轨道交通、海洋. 业等其他工业领域铝材优质供应商。主营高性能铝挤压材的研发、. 罗智能电 9.02 ...

Investment Rating - The industry investment rating is "Overweight" (maintained) [1] Core Views - The electronic industry index experienced a weekly increase of 6.17%, with consumer electronics rising by 8%, semiconductors by 5.4%, and optical electronics by 3.4% [3] - The release of Google's Gemini 3.0 has strengthened the narrative around TPU, leading to increased market interest in domestic companies like Moer Thread and Muxi, which are set to enter the capital market [5] - The storage sector is entering a "super cycle," with supply shortages and price increases expected to continue until 2026, as indicated by Micron's HBM3E and HBM4 products being fully sold out for next year [6] Market Review - The macroeconomic risks in the U.S. have eased, leading to a recovery in global tech indices, with the Nasdaq index rising by 5% this week [4] - Major tech stocks such as Google and Tesla saw significant gains, with Google up 6.8% and Tesla up 10% [4] Industry Updates - AI glasses are entering a period of intensive new product releases, with several companies, including Quark and Ideal Auto, set to launch their AI glasses soon [4] - The demand for advanced process nodes, particularly 2nm, is outpacing supply, prompting companies like TSMC and Samsung to expand their production capabilities [6] Investment Recommendations - The AI edge and semiconductor equipment sectors are expected to become key themes in the tech industry, with recommended beneficiaries including GoerTek, Luxshare Precision, and Changxin Memory [7]

Group 1 - A-shares experienced a collective decline on November 28, with the Shanghai Composite Index dropping by 0.30% during intraday trading. The defense, social services, and basic chemicals sectors showed positive performance, while real estate and comprehensive sectors faced significant declines [1] - In the consumer electronics sector, there was a mixed performance among individual stocks. The Consumer Electronics ETF (159732.SZ) fell by 0.29%, while stocks like Hengxuan Technology, Xinwei Communication, and Jinghe Integration saw increases of 3.18%, 3.16%, and 2.95% respectively. Conversely, Anker Innovation and Shenghong Technology experienced declines of 2.61% and 2.46% [1] Group 2 - According to Canalys, the penetration rate of AI smartphones is expected to reach 34% by 2025, driven by the optimization of edge models and upgrades in chip computing power. The introduction of new mid-range SoCs capable of running large models smoothly will further support this trend [3] - China Galaxy Securities anticipates that major consumer electronics brands will actively embrace AI by 2025, with accelerated development of AI edge technology expected in 2026. This presents valuation enhancement opportunities for smartphone manufacturers as AI traffic entry points, alongside rapid revenue growth for smart imaging device manufacturers and investment opportunities from other smart hardware products [3] - The Consumer Electronics ETF (159732) tracks the Guozheng Consumer Electronics Index, primarily investing in 50 A-share listed companies involved in the consumer electronics industry, with significant focus on electronic manufacturing, semiconductors, and optical electronics [3]

Core Viewpoint - The "Action Plan for Promoting High-Quality Development of the 'Artificial Intelligence + Audiovisual' Industry (2025-2029)" in Beijing emphasizes empowering terminal applications and developing a fusion technology innovation system focusing on AI terminals such as AI TVs, AI phones, AI glasses, AI PCs, AI in-vehicle audio and video, and AI digital humans [1] Group 1: AI Terminal Development - The plan aims to construct a technology innovation system integrating "edge AI chips + audiovisual algorithms + intelligent agents" [1] - The focus is on new intelligent terminal products and services, indicating a shift in AI development from infrastructure to terminal applications [1] Group 2: Market Opportunities - Ping An Securities highlights that AI glasses, which integrate visual, auditory, and voice interactions, are expected to be a key carrier for AI technology applications, especially following the market success of RayBan Meta [1] - The AI glasses market is anticipated to enter a phase of intensive new product releases, with future sales expected to rise and the related industry chain benefiting [1] Group 3: AI Mobile Phones - Yongxing Securities expresses optimism about investment opportunities in AI edge technology as the industry chain continues to innovate [1] - According to Canalys, the global penetration rate of AI mobile phones is projected to reach 34% by 2025, driven by the simplification of edge models and upgrades in chip computing power [1] - The increasing penetration of AI into mid-range mobile phones is expected to stimulate a wave of upgrades, allowing a broader audience to experience AI technology [1]

Group 1: Company Overview - The company specializes in the research, production, and sales of IoT intelligent products, recognized as a high-tech enterprise and a "specialized and innovative" small giant [1] - The mission is to empower through intelligence and create a better future, focusing on customer success, innovation, pragmatism, and quality [1] - In 2024, the company achieved a revenue of CNY 1.402 billion, a year-on-year increase of 24.85%, and a net profit of CNY 176 million, up 0.81% from the previous year [2] Group 2: Business Performance - In the first three quarters of 2025, the company reported a revenue of CNY 1.272 billion, a 21.66% increase year-on-year, and a net profit of CNY 180 million, reflecting a 33.95% increase [2] - The company is experiencing a product upgrade wave in the smart transportation sector, with policies promoting the replacement of traditional vehicle recorders with advanced models [2] Group 3: Strategic Initiatives - The company is expanding its "going global" strategy, increasing the number of overseas clients and entering the supply chain of an overseas automotive brand [3] - In the smart sleep terminal sector, the company aims to enhance product functionality based on customer needs and expand its market presence [3] - The company is actively pursuing innovation and application expansion in various fields, including smart campuses, smart cities, and smart offices [3] Group 4: Supply Chain Management - The company has strategically stocked a certain quantity of key raw materials, including storage chips, to meet short-term needs [4] - The impact of rising storage chip prices is limited due to their low proportion in the company's operating costs [4]