Core Viewpoint - The AI Fund, Jiaoyin Growth Mixed A, reported a profit of 161 million yuan for the first half of 2025, with a net value growth rate of 10.32% and a fund size of 1.719 billion yuan as of the end of June 2025 [2][31]. Fund Performance - As of September 3, 2025, the fund's unit net value was 4.81 yuan, with a one-year return of 37.05%, ranking 119 out of 181 comparable funds [2][5]. - The fund's performance over the last three months showed a growth rate of 9.29%, ranking 159 out of 182, and over the last six months, it was 18.99%, ranking 84 out of 182 [5]. Valuation Metrics - As of June 30, 2025, the fund's weighted price-to-earnings (P/E) ratio was approximately 26.54, lower than the industry average of 29.05 [10]. - The weighted price-to-book (P/B) ratio was about 2.08, compared to the industry average of 2.22, and the weighted price-to-sales (P/S) ratio was 1.63, against an average of 1.85 [10]. Growth Metrics - For the first half of 2025, the fund's weighted revenue growth rate was -0.02%, and the weighted net profit growth rate was 0.49% [17]. - The weighted annualized return on equity was 0.08% [17]. Fund Composition and Holdings - As of June 30, 2025, the fund had a total of 41,700 holders, with individual investors holding 99.94% of the shares [34]. - The fund's top ten holdings included companies such as Hongdu Aviation, Aero Engine Corporation of China, and Huaneng International, with a concentration exceeding 60% [39]. Trading Activity - The fund's turnover rate for the last six months was approximately 51.56%, consistently below the industry average for three years [37].

戴文渊表示："现场十分震撼，尤其是首次亮相天安门广场的新型作战力量和装备，他们是现代战争取 胜的关键，也是我国科技实力在军事领域的体现。作为一名科技工作者，我深受鼓舞，也将继续为祖国 的科技发展贡献自己的力量。" 当晚，他还受邀观看了在人民大会堂举办的"纪念中国人民抗日战争暨世界反法西斯战争胜利80周年文 艺晚会"。晚会上，一段段感人肺腑的历史、一名名为国捐躯的烈士……无不让他动容，也更加坚定了 科技报国、科技强国的信念与信心。 智通财经APP获悉，2025年9月3日，纪念中国人民抗日战争暨世界反法西斯战争胜利80周年大会在北京 天安门广场隆重举行。 大会以"铭记历史，缅怀先烈，珍爱和平，开创未来"为主题，邀请多国政要及各界杰出代表共同出席。 范式创始人戴文渊作为AI领域的优秀代表，荣幸受邀登台观礼，见证这一具有重大历史意义的时刻。 ...

Group 1 - The 80th anniversary of the victory in the Chinese People's Anti-Japanese War and the World Anti-Fascist War was commemorated in Beijing, emphasizing the theme of remembering history, honoring martyrs, cherishing peace, and creating a future [1][2] - The event showcased new combat forces and equipment, highlighting their significance in modern warfare and reflecting China's technological strength in the military sector [2][3] - The company has been actively responding to national strategies, particularly the recent "Artificial Intelligence+" initiative, focusing on the deep integration of AI with various economic and social fields [6] Group 2 - The company has been dedicated to AI technology research and application for over a decade, achieving a dual business model of enterprise services and consumer electronics following a recent group upgrade [6] - Recent developments include the launch of AI-powered stablecoins and energy storage solutions, marking significant breakthroughs in technology empowerment and industry application [6] - The company aims to expand the capabilities of AI technology and contribute to the goal of becoming a technological powerhouse in China, aligning with national strategic directions [6]

Core Viewpoint - The China Insurance Industry Association has released trial versions of comprehensive insurance demonstration clauses for major technological equipment and new materials, along with accompanying underwriting and claims service guidelines, to enhance the insurance policy framework and support the national strategy for manufacturing strength [1][2]. Group 1: Insurance Demonstration Clauses - The released demonstration clauses include five main insurance clauses for major technological equipment, such as liability insurance and quality assurance insurance, and three main insurance clauses for new materials, including liability insurance and domestic transportation insurance [1]. - The service guidelines consist of trial versions for underwriting and claims services, allowing production enterprises to negotiate insurance types and rates based on risk characteristics like technological maturity and historical claims levels [1]. Group 2: Industry Responsibilities and Impact - The initiative reflects the insurance industry's commitment to supporting the technology-driven national strategy, particularly in high-end equipment manufacturing and new materials, which are crucial for enhancing the resilience and safety of industrial supply chains [1]. - The demonstration clauses and service guidelines aim to address the primary risk protection needs of production enterprises during the promotion and application of major technological equipment and new materials, thereby overcoming initial market trust issues [1]. Group 3: Expanded Coverage and Standards - The revised insurance coverage now includes risks associated with the transportation, installation, testing, and acceptance phases for both major technological equipment and new materials, significantly enhancing the level of protection [2]. - The introduction of service guidelines fills a gap in the industry by providing unified operational standards for risk assessment, underwriting, premium payment, claims reporting, and management, which is essential for improving service quality [2]. Group 4: Future Directions - The insurance industry aims to enhance its risk management and product innovation capabilities in serving technological innovation, with plans to deepen the implementation of demonstration clauses and service guidelines to support high-quality development [3].

9月3日，纪念中国人民抗日战争暨世界反法西斯战争胜利80周年大会在北京天安门广场隆重举行，武汉全市各界通过多种形式收听收看大会实况直播。 收听收看阅兵盛况，大家心潮澎湃，"中华民族伟大复兴势不可挡！人类和平与发展的崇高事业必将胜利！"成为共同的心声。大家纷纷表示，从伟大胜 利走向伟大复兴，英雄的中国人民必将在伟大斗争中书写新的英雄史诗。 如今祖国强大人民幸福 "更加感受到胜利来之不易，和平弥足珍贵" "我参加阅兵那年，刚满18岁。"3日上午，92岁的空军老兵李超民耳戴助听器，边看直播，边向长江日报记者讲述74年前他参加国庆阅兵的场景。 1950年，正在湖北省武昌实验中学读高二的他，响应抗美援朝爱国运动的号召，报名参加志愿军。1951年，他所在的空军第三航空学校选派学员组成空 军学校方队参加1951年国庆阅兵。李超民就是受阅的空军学校方队的一员。 "那时候，我们展示的最先进的飞机是米格-15歼击机，最大航程不到2000公里。而今，我国军事实力完全脱胎换骨。"看到直播中的件件大国重器，老 人感慨万千。 退役军人高中林与湖北省省直机关第一幼儿园孩子们共同收看阅兵直播。 通讯员张斌 钱幼民 摄 各个在汉高校院所，广大 ...

1. 天时地利与情感共鸣 阅兵是全民关注的重大国家事件，2025年9月3日的抗战胜利80周年阅兵更承载深厚历史意义。雷军通过 佩戴AI眼镜参与，将产品与"爱国""科技强国"等正能量叙事绑定，提升品牌高度。其微博话题"牢记历 史，珍惜和平"阅读量超千万，迅速登上热搜。 2025年9月3日，小米集团创始人雷军受邀参加中国人民抗日战争暨世界反法西斯战争胜利80周年阅兵观 礼。他在现场佩戴小米AI眼镜亮相，并通过社交媒体分享观礼体验，强调"牢记历史，珍惜和平"的同 时，自然展示了AI产品的功能。此举将科技产品与国家级盛典结合，实现了品牌曝光与粉丝情感共鸣 的双重目的。 小米AI眼镜于2025年6月26日发布，售价1999元起，具备第一人称影像记录、10种语言实时翻译、米家 生态联动等功能。据项目负责人李创奇透露，该产品由雷军亲自拍板立项，发布后销量超预期数倍，备 货量虽超行业半数创业公司年产量，但仍迅速缺货。 雷军戴AI眼镜参与阅兵观礼，有以下营销"赢面"： 3. 创始人IP的杠杆效应 雷军作为知名企业家，个人微博粉丝超8000万，其"勤奋CEO"形象（如凌晨3点出发观礼）进一步增强 了传播效果。 不得不说，雷军真是 ...

Group 1 - The "Shenzhen-Hong Kong-Guangzhou" cluster ranks first globally in the World Intellectual Property Organization's 2025 Global Innovation Index [1][3] - The cluster has a patent application density of 2,292 per million people, a scientific paper publication density of 3,775 per million people, and a venture capital transaction density of 135 per million people over the past five years [3] - The Hong Kong government emphasizes the development of innovation and technology as a key policy focus, implementing various measures to enhance the synergy of technology, funding, and talent [3] Group 2 - The government is preparing to launch an "Innovation and Technology Industry Guiding Fund" to further stimulate market investment in the innovation and technology sector [3] - Future collaboration with other cities in the Greater Bay Area is planned to promote the development of innovation and technology, contributing to national technological advancement [3]

Core Viewpoint - China is accelerating its journey towards becoming a technology powerhouse, with significant advancements in various scientific and technological fields during the "14th Five-Year Plan" period [1]. Group 1: Technological Innovations - Major achievements include the operation of the world's first fourth-generation nuclear power plant, the successful return of the Chang'e 6 lunar mission, and the completion of the Chinese space station [1]. - In deep space exploration, the Chang'e 6 mission revealed volcanic activity on the moon's far side dating back 2.8 billion years [3]. - In quantum technology, China achieved a world record by preparing and verifying a cluster state of 51 superconducting qubits, surpassing all other quantum systems [3]. - The number of China's hot research papers continues to grow, maintaining the top global ranking as of July 2024 [3]. Group 2: Economic Impact of Innovation - R&D investment in China reached a new high, with a nearly 50% increase compared to the end of the "13th Five-Year Plan," amounting to an additional 1.2 trillion yuan [6]. - The "new economy" represented by "Artificial Intelligence+" generated over 24 trillion yuan in added value in 2024, equivalent to the combined GDP of Beijing, Shanghai, and Guangdong [6]. Group 3: Challenges and Strategic Responses - Despite significant progress, challenges remain in integrating the innovation chain with the industrial chain, and improving the efficiency of converting innovation results into productive forces [9]. - The Chinese government has issued important policies to promote the application of artificial intelligence, signaling a commitment to addressing uncertainties in technology and external environments [9]. - The transition of labor skills is increasingly pressing, necessitating a focus on releasing innovation energy where it is most needed [9].

Group 1 - The core viewpoint emphasizes China's significant advancements in technology and innovation during the "14th Five-Year Plan" period, showcasing numerous groundbreaking achievements in various fields [1][2][3] - China's focus on foundational research has led to major breakthroughs, such as the successful return of samples from the Chang'e 6 mission and advancements in quantum technology, indicating a strong commitment to scientific exploration [2][3] - The integration of technology and industry is accelerating, with a notable increase in R&D investment, which has grown nearly 50% compared to the end of the "13th Five-Year Plan," reaching an additional 1.2 trillion yuan [4] Group 2 - The launch of the first commercial version of a domestic operating system based on the 6.6 kernel marks a significant step in supporting AI applications and digital transformation across industries [4] - The "New Economy" sector, represented by "Artificial Intelligence +," is rapidly developing, with its added value exceeding 24 trillion yuan in 2024, equivalent to the combined GDP of Beijing, Shanghai, and Guangdong [4] - The need for innovation to address existing challenges is highlighted, with a focus on enhancing the efficiency of converting innovative results into productive forces and addressing the skills transition of the workforce [6]

Group 1 - China's innovation has reached unprecedented importance during the 14th Five-Year Plan, with significant achievements in various sectors, including space exploration and quantum technology [1][2] - The successful return of samples from the Chang'e 6 mission reveals volcanic activity on the moon's far side, showcasing advancements in deep space exploration [1] - The number of China's hot research papers continues to grow, maintaining the world's leading position as of July 2024 [1] Group 2 - The release of a commercial version of a desktop and server operating system based on the 6.6 kernel marks a significant step in the integration of technology and industry, providing a new foundation for AI applications and digital transformation [2] - R&D investment in China has reached a new high, with a nearly 50% increase compared to the end of the 13th Five-Year Plan, amounting to an additional 1.2 trillion yuan [2] Group 3 - The "New Three" economy, represented by new industries, new business formats, and new models, is accelerating, with a total value exceeding 24 trillion yuan in 2024 [3] - The World Artificial Intelligence Conference highlighted the transformative impact of AI on scientific methodologies, with new models being developed to enhance researchers' creativity [3] Group 4 - The State Council's recent implementation of the "Artificial Intelligence+" action plan signals a commitment to advancing AI applications amid rapidly changing technological and external environments [4] - China's transition from a major technological power to a strong technological nation is supported by a solid foundation, emphasizing the need for innovation confidence and contributions to global scientific progress [4]