5月28日晚间，成都唐源电气（300789）股份有限公司(以下简称"唐源电气")披露的公告显示，公司当 日召开2025年第三次临时股东大会，审议通过了《关于公司向特定对象发行股票方案的议案》等多项议 案。公司定增募资事项取得了新进展。 根据唐源电气5月13日披露的定增预案，公司拟向不超过35名投资者定向发行股票，募资不超过8.64亿 元，用于投资"轨道交通智能运维机器人研发与产业化项目""轨道交通智能运维AI大模型研发与产业化 项目""营销与技术服务体系升级建设项目"和补充流动资金。其中，通过"轨道交通智能运维机器人研发 与产业化项目"，公司将全面推进机器人核心技术及产品的研发，最终开发形成接触网智能综合巡检机 器人、轨道扣件机器人、接触轨检测机器人、隧道探伤机器人、车辆智能巡检机器人等全系列产品，同 步优化与之配套的机器人云平台及大模型产品，"轨道交通智能运维AI大模型研发与产业化项目"将提升 轨道交通领域的知识管理效率并赋能其在行业中的智慧应用。 据悉，上述募投项目将助力唐源电气加快构建机器人和AI大模型底层技术护城河，显著提升产品的技 术含金量，增强对客户需求的响应能力，在轨道交通智能运维领域占据先发优 ...

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]

Group 1 - The core viewpoint emphasizes the proactive measures taken by Hubei Province to establish a comprehensive safety assurance system in response to the increasing frequency of natural disasters due to global climate change [1][3] - Hubei Province has developed a five-level information reporting and management mechanism to enhance grassroots capabilities, ensuring effective communication and management during natural disasters [1][3] - The integration of advanced technologies from Inspur Technology has been pivotal in building a cross-regional and cross-level natural disaster prevention and warning system, improving risk perception and emergency response capabilities [1][3] Group 2 - The establishment of a robust emergency command system has created a comprehensive communication network that enhances disaster response capabilities and network security awareness [3] - Hubei Province has successfully built a natural disaster risk database by integrating data from various departments, which has significantly improved the accuracy of disaster warnings and management [3][4] - The implementation of an "intelligent perception - precise judgment - rapid response" management model has reduced disaster losses and set a benchmark for smart emergency management across the country [4] Group 3 - The introduction of AI large model technology has significantly improved disaster risk assessment accuracy by 10%-25%, and reduced disaster analysis time from 15 minutes to 3 minutes [4] - The ongoing development of the platform continues to enhance the accuracy of warnings and the effectiveness of monitoring and early warning systems, shifting emergency management from post-disaster response to pre-disaster warning [4]

Group 1 - The core viewpoint of the articles highlights the significant growth potential in the robotics industry, particularly with the upcoming International Robotics Skills Competition and projections for the industry by 2025 [1][2] Group 2 - The CSI Robotics Index (H30590.CSI) opened with a 0.4% increase, with notable gains from companies like Xunbang Intelligent (up nearly 6%) and Tianzhun Technology (up over 4%) [1] - The Robotics ETF (562360) tracks the CSI Robotics Index and had a circulating scale of 422 million yuan as of May 28, with a total of 464 million shares [1] - The International Robotics Skills Competition features five main competition tracks and 28 event subjects, with over 60 participating teams [1] Group 3 - According to Western Securities, 2025 is projected to be a pivotal year for the robotics industry, with the global humanoid robot market expected to reach $5.3 billion, a year-on-year growth of 57.41% [2] - The Chinese market for humanoid robots is anticipated to reach 85 billion yuan, with a compound annual growth rate of 32.41% [2] - The growth is driven by the integration of AI models with robotics hardware, enhancing applications in various sectors such as industrial, logistics, and healthcare [2] Group 4 - Wanlian Securities notes that policies supporting the humanoid robotics industry will continue to evolve in 2025, aiming to enhance supply chain autonomy and global competitiveness [2] - The report emphasizes that cost remains a significant barrier to the widespread adoption of humanoid robots, suggesting a focus on high-quality domestic component manufacturers that will benefit from large-scale applications [2]

2025年中金公司中期投资策略会 CICC Investment Strategy Conference 2H25 扫描末尾二维码 查看更多会议信息 重磅嘉宾(按发言顺序) 海尔集团董事局主席、首席执行官 Chairman of the Board Chief Executive Officer, Haier Group 彭文生 中金公司首席经济学家、研究部负责人 中金研究院院长 Chief Economist, Head of Research Department Dean of CICC Global Institute, CICC Eswar S. Prasad 美国康奈尔大学经济学教授 美国布鲁金斯学会高级研究员 Professor of Economics, Cornell University Senior Fellow, Brookings Institution 总量主题论坛 6月11日 浦江楼3层长安+洛阳+开封厅 中国云观经济展望/美国云观经济展望 14:00 - 14:40 张文朗 中金公司首席宏观分析师、董事总经理 刘政宁 中金公司执行总经理、中金美国证券首席经济学家 14:40-1 ...

"不服跑个分"，曾经是风靡手机圈的一句话，只不过随着用户越来越注重产品的综合体验，"唯分数 论"已经逐渐被手机行业边缘化。可贯彻着万物皆可跑分的原则，AI大模型也成为了"不服跑个分"新的 受众。 只不过相比于智能手机、PC，AI大模型跑分如今还属于是"百家争鸣"的状态。 其中既有清华大学的C-Eval、上海交通大学的CMMLU、伯克利的大模型竞技场（Chatbot Arena）等知名学府推出的榜单，也有民间高手自建的MMLU，甚至于做投资的红杉中国也 搞出了自己的AI基准测试工具xbench。 有鉴于此，谷歌也坐不住了。 01 除了测试AI大模型的性能，作为业界巨头，谷歌还为LMEval引入了Giskard安全评分，以展示其规避有 害内容的表现，百分比越高则代表安全性越强。同时为了打消开发者的顾虑，谷歌方面强调测试结果会 存储在加密的SQLit数据库中，确保数据本地化、且不会被搜索引擎抓取。 02 可是谷歌旗下如今是有Gemini模型的，他们再做一个LMEval真的不是既当裁判员，又当运动员吗？ 其实谷歌也是不得已而为之，毕竟当下AI大模型的基准测试可谓是群魔乱舞。比如，Meta最新的LIama 4模型之所以 ...

内地科技企业成为赴港上市的"生力军"，是这轮IPO热潮的显著特征。一方面，在AI大模型、5G商用、 智能汽车等新兴技术驱动下，内地行业亟需通过资本市场加速技术迭代和产能扩张，因而更多硬科技企 业选择在港股上市；另一方面，香港近年来不断加强"金融+创科"双引擎联动发展，增强自身对科技企 业的磁吸效应，同样功不可没。 已经在港上市的多家内地科技企业在资本市场表现亮眼，另有多家未上市或已在A股上市的硬科技龙头 企业已递交赴港上市申请。除了从股市募集资金，在港上市的内地科技企业可更方便地与香港同行进行 产学研互动，并由香港特区政府的专职部门居中牵线搭桥，与海外相关市场和企业达成合作。 "一国两制"下，"背靠祖国、联通世界"是香港最大的优势，也是香港金融市场最独特的优势。越来越多 内地企业赴港上市、设立总部和研发中心，透过香港走向世界；越来越多的国际企业也将业务和投资转 移至香港，透过香港分享中国机遇。继续积极扮演好连接内地与世界的双向桥梁角色，香港国际金融中 心的地位必将不断巩固提升。 内地企业之所以青睐香港资本市场，看重的首先是香港"超级联系人"的独特优势。内地大型企业要"走 出去"，融入全球资本市场，加速全球战略 ...

为促进旅游业与其他业态加速融合、丰富优质旅游供给，由中国经济传媒协会指导，北京商报社主办 的"深蓝智库——2025旅游业高质量发展论坛"于5月28日下午在北京国际饭店举办。本次大会以"寻路未 来旅游"为主题，汇聚行业协会、研究机构、头部企业及跨界嘉宾，共同探讨旅游业高质量发展新路 径，探寻行业新风口，重塑产业链生态。 2024年，旅游业在复苏中迎来结构性升级，而2025年将成为行业迈向高质量发展的关键年。AI大模 型、低空经济等新技术正成为推动行业突破的核心引擎：从智能导览到全产业链数字化运营，AI技术 已深度渗透旅游业；低空经济则在政策加持下加速破局，随着亿航智能载人无人机试飞、峰飞航空 eVTOL飞行器商业化试点等项目落地，为旅游场景创新打开全新想象空间。 会上，中国旅游研究院副院长马仪亮带来主题演讲，《从"十四五"到"十五五"：新质生产力驱动旅游业 的高质量跃迁》，解析新质生产力如何助力旅游业发展。马仪亮谈到，以知识生产为核心的新质生产 力，正在促使旅游业向专业化、生态化、轻量化提速。同时，旅游业需要突破传统景观供给模式，通过 知识赋能与场景创新打造更具吸引力的旅游产品。在这一过程中，行业应重点关注游客 ...

Group 1 - The company held its third extraordinary general meeting of shareholders in 2025 on May 28, where all proposals, including the private placement plan, were approved, indicating progress in the company's refinancing efforts [2] - The company plans to issue up to 43.12 million shares to raise no more than 864 million yuan, with the net proceeds allocated to four major projects, including robot research and AI large model industrialization [2] - The allocation of the 864 million yuan includes 394 million yuan for the development and industrialization of rail transit intelligent operation and maintenance robots, 311 million yuan for the development of AI large models for rail transit, 79.73 million yuan for upgrading marketing and technical service systems, and 80 million yuan for supplementing working capital [2] Group 2 - The rail transit industry is entering a phase where construction and operation maintenance are equally emphasized, with significant potential in the operation maintenance market; the acceleration of intelligent and digital development in rail transit makes intelligent operation maintenance a trend [3] - The implementation of the fundraising projects will help the company build a technological moat in the underlying technologies of robots and AI large models, enabling the development of a complete series of intelligent operation and maintenance robot products and a full-stack big data intelligent control system [3] - The issuance of shares is expected to effectively enhance the company's capital strength, providing sufficient support for product development, upgrades, and industrialization [3]

作为第三届民航科教创新成果展期间的系列活动之一，"创新技术构建机场新未来"主题会议于2025年5 月27日下午召开。会议由中国民航报社有限公司主办，华为技术有限公司协办，来自首都机场集团、上 海机场集团、重庆机场集团、华为公司等国内10多家知名企业代表，围绕航空5G、AI大模型、数字孪 生等新技术、新应用在机场建设中的实践应用展开了主题演讲和深入研讨，引领全国机场行业培育新质 生产力，向着更安全、高效、环保的方向迈进。中豫航空集团的代表作了题为《数字赋能 流程重塑： 郑州机场货运转型升级之路》的主题发言，在近十分钟的介绍中，与会者或认真记录，或不时用手机拍 照，发言后，来自厦门等地的与会代表找到中豫航空集团专业人员作进一步的了解。 河南省航空货运发展有限公司的刘要南介绍说，过去国内机场货运的运营模式主要依赖人工操作和纸质 单据，效率低、误差率高、协同性差，郑州机场依托自身多年创新而成的集疏运体系，研发上线了多式 联运数据交易服务平台，2020年5月，郑州机场电子货运试点获得中国民航局正式批复，开始进行试点 建设、创新升级等一系列工作，初步解决了国内民航货运行业长期存在的重复填报、多头申报等痛点问 题，2023 ...