央广网北京12月23日消息（记者 万玉航）近日，国务院国资委党委书记、主任张玉卓在接受媒体采访 时表示，近年来，国资央企在传统产业升级和新兴产业培育上协同发力，深入实施中央企业产业焕新、 未来产业启航、"AI+"等专项行动。 "十四五"时期，中央企业新兴产业领域投资年均增速超过20%，在新一代信息技术、新能源、新材料、 高端装备制造等领域打造了一批世界级产业集群，有力推动关键产业爬坡过坎、升级发展。 "十五五"时期，将指导推动中央企业进一步聚焦主责主业、发展实体经济，推动产业体系不断向高附加 值、高技术含量的方向跃迁，在建设现代化产业体系中发挥好龙头牵引作用。 抓好传统产业转型升级。深入开展新一轮中央企业数字化转型行动，深化拓展"AI+"专项行动，推动人 工智能、大数据、云计算、5G、物联网等信息技术与传统产业全过程、全要素深度融合，持续推进技 术改造和大规模设备更新，带头落实重点行业领域碳达峰实施方案，促进资源高效循环利用，加快产品 迭代升级，强化高端产品供给，推动实现智能化、绿色化、融合化发展。 抓好新兴产业和未来产业培育。深入实施焕新、启航行动，突出工程和场景牵引，找准未来5年体量足 够大、增速足够快、 ...

天眼查显示，近日，上博科技（海南）有限公司成立，法定代表人为范卫红，注册资本1000万人民币， 由衣拉拉集团股份有限公司全资持股。 企业名称上博科技（海南）有限公司法定代表人范卫红注册资本1000万人民币国标行业科学研究和技术 服务业>研究和试验发展>工程和技术研究和试验发展地址海南省海口市美兰区国兴大道11号国瑞大厦C 座东塔办公楼32层S5O区96号企业类型有限责任公司（非自然人投资或控股的法人独资）营业期限 2025-12-22至无固定期限登记机关海南省市场监督管理局 来源：市场资讯 序号股东名称持股比例1衣拉拉集团股份有限公司100% 经营范围含一般经营项目：技术服务、技术开发、技术咨询、技术交流、技术转让、技术推广；软件开 发；信息系统集成服务；物联网技术服务；信息技术咨询服务；网络技术服务；计算机系统服务；云计 算装备技术服务；数字技术服务；以自有资金从事投资活动（经营范围中的一般经营项目依法自主开展 经营活动，通过国家企业信用信息公示系统（海南）向社会公示） ...

Group 1 - The technology sector showed mixed performance, with consumer electronics, PCB, storage chips, and CPO sectors gaining strength despite overall market fluctuations [1] - The 5G Communication ETF (515050) saw a slight increase of 0.09%, with major holdings like Industrial Fulian rising nearly 4% [1] - Samsung Electronics launched the Exynos 2600 system-on-chip, the world's first mobile application processor built on a 2nm process, and has begun mass production for its flagship smartphone Galaxy S26 [1] Group 2 - The AI-focused ETF, Huaxia (159381), tracks the entrepreneurial board AI index and has a significant allocation in optical modules, with top holdings including Zhongji Xuchuang (26.62%) and Xinyi Sheng (19.35%) [2] - The 5G Communication ETF (515050) focuses on the 5G communication theme index, with a recent scale of nearly 8 billion yuan, emphasizing companies like Nvidia and Apple [2] - The Cloud Computing 50 ETF (516630) tracks a cloud computing index with a high AI computing power content, covering popular concepts like optical modules and data centers [2]

Core Viewpoint - The article emphasizes the modernization of public safety governance in Guangdong, highlighting the importance of technology, institutional frameworks, and legal systems in enhancing public safety and addressing various security risks in the context of global uncertainties [1][7]. Group 1: Technological Empowerment in Public Safety Governance - The Guangdong Provincial Committee's "1310" initiative aims to advance the construction of a law-based and safe Guangdong, achieving breakthroughs in the new security framework [2]. - The application of digital technologies such as AI, big data, IoT, and cloud computing transforms public safety governance from passive responses to proactive warnings and from collective experience to data-driven decision-making [2]. - The "Yue Ping An" social governance cloud platform significantly enhances the technological capabilities of public safety governance by integrating risk warnings and services [2]. Group 2: Institutional Framework for Public Safety Governance - Institutionalization of public safety governance involves creating a clear, effective, and orderly system to ensure that stakeholders operate under established rules and procedures [3]. - The need for an authoritative and efficient emergency management system is highlighted, with existing frameworks like the six-level emergency command system in place [3]. - Regular risk assessments and a multi-participation system are essential for addressing the complexities of social relationships in public safety [3]. Group 3: Legal Framework in Public Safety Governance - Legalization of public safety governance is crucial for ensuring systematic, normative, and coordinated governance, as emphasized by Xi Jinping [5]. - Recent legislative updates, including the revised Emergency Response Law and various local regulations, aim to optimize public safety governance [6]. - The judicial system in Guangdong promotes public safety governance through the publication of typical cases and timely legal adjudications [6]. Group 4: Overall Modernization of Public Safety Governance - The modernization of public safety governance in Guangdong relies on the synergy of technological, institutional, and legal advancements [7]. - Continuous optimization of these three aspects is necessary for effective public safety governance, indicating an ongoing process rather than a one-time effort [7].

□ 许 凌 （来源：新华日报） 当前，教育大数据已成为国家教育数字化战略行动中的珍贵数字资源，广泛应用于学生个性化学习、教 师教学、学校管理决策及教学评价等环节。随着生成式人工智能、云计算等新一代数字技术与教育领域 的深度融合，教育数据呈现井喷式增长。 然而，数据规模的急剧扩张和数据价值的深度挖掘，给教育数据安全带来了诸多挑战，如数据泄露等， 需构建与之匹配的数据安全综合治理体系，充分调动教育各相关者的积极性，充分发挥大数据在教育数 字化进程中的优势，为教育治理现代化建言献策。 加强顶层设计，构建协同治理架构 教育数据安全治理需从战略高度进行系统规划，建立权责清晰、高效运转的治理体系，有效整合各职责 部门的治理力量，以制度引导推动数据安全治理从单一向多元协同转变。 健全教育数据安全保护立法，完善法律制度保障。当前，我国数据安全立法在一定程度上提供了保障， 但缺少针对教育数据特性的专门立法。应在《数据安全法》《个人信息保护法》等通用立法基础上，结 合教育数字化多主体、多层级参与的特点，以保障教育利益相关者个人数据权益为目标，制定面向教育 数据安全流通的专项立法。 完善数据安全伦理规范，明确治理责任。教育数据安全 ...

Core Viewpoint - Company plans to issue up to 70.43 million shares to raise no more than 900 million yuan for the development of AI-based high-frequency copper-clad laminates and to supplement working capital [1] Group 1: Company Strategy - The funds raised will be primarily allocated to the "AI-based high-frequency copper-clad laminate R&D and industrialization project," with an investment of 740 million yuan planned for this initiative [2] - The project aims to establish a production capacity of 7.2 million high-frequency copper-clad laminates and 16 million meters of bonding sheets annually, with a construction period of 24 months [2][5] - Company focuses on the design, R&D, production, and sales of copper-clad laminates and bonding sheets, having developed core technologies that align with downstream industry needs over 20 years [3] Group 2: Market Dynamics - The demand for high-performance copper-clad laminates is increasing due to the upgrade of AI servers, 5G communications, and optical modules, which require higher signal transmission rates and lower transmission losses [2] - The AI copper-clad laminate market is projected to reach approximately 2.2 billion USD by 2025, reflecting a 100% year-on-year growth [2] - The electronic information industry is undergoing an upgrade wave, with copper-clad laminates accounting for 30%-40% of PCB production costs, driving demand for high-end products [4] Group 3: Financial Performance - Company reported a revenue of 3.66 billion yuan for the first three quarters, a year-on-year increase of 49.9%, and a net profit of 158 million yuan, up 180.8% year-on-year [4] - The expansion project is expected to enhance market share and improve profitability in the high-end materials sector [5]

Core Viewpoint - Alibaba's employee count has significantly decreased, primarily due to the divestiture of its retail businesses, but this does not indicate mass layoffs as many employees transitioned to the acquiring companies [1][2]. Group 1: Employee Count and Financial Performance - As of March 31, 2025, Alibaba had 124,320 full-time employees, down from 204,891 the previous year, marking a reduction of 80,571 employees [1]. - By September 30, 2025, the employee count slightly increased to 126,661, indicating a net inflow of talent in the first half of the 2026 fiscal year [2]. - The data shows that revenue per employee has improved significantly, with the average revenue per employee rising from 3.35 million RMB in 2022 to 8.01 million RMB in 2025 [3]. Group 2: Strategic Shift and Market Position - Alibaba is transitioning from a traditional e-commerce platform to a technology-driven enterprise, aiming to enhance operational efficiency and profitability [4]. - The divestiture of traditional retail businesses is intended to lighten the financial burden and free up cash flow for investments in AI and cloud infrastructure, with a commitment of 380 billion RMB for AI and cloud initiatives [4]. - The competitive landscape is evolving, with Alibaba needing to establish new competitive advantages against rivals like Pinduoduo and Douyin, focusing on AI as a key area for growth and innovation [4]. Group 3: Stock Performance and Market Outlook - In 2025, Alibaba's stock experienced a recovery after a challenging period, characterized by a "W" shaped bottom formation [6]. - The outlook for 2026 suggests that Alibaba's restructured e-commerce group will maintain a significant market share, with expectations of robust growth in its cloud business [7]. - The stock price is anticipated to benefit from policy support for platform economies and successful AI applications, leading to improved overall profit structure [8]. Group 4: Comparative Analysis with Competitors - A comparison with JD.com and Pinduoduo reveals that while JD.com has a much larger employee base, Pinduoduo demonstrates exceptional efficiency with high revenue per employee [12][13]. - Pinduoduo's operational model, which leverages low pricing and efficient algorithms, has resulted in impressive profit margins despite a smaller workforce [13]. - The future of the e-commerce landscape remains uncertain, influenced by the rise of video commerce and the strategic use of AI [15].

瑞财经 吴文婷12月19日，"广州第一芯"粤芯半导体技术股份有限公司（以下简称"粤芯半导体"）创业 板IPO获受理。 本次IPO的保荐机构为广发证券股份有限公司，保荐代表人为蒋迪、杨华川，会计师事务所为致同会计 师事务所（特殊普通合伙），律师事务所为北京市康达律师事务所。 粤芯半导体是一家致力于为境内外芯片设计企业提供12英寸晶圆代工服务和特色工艺解决方案的集成电 路制造企业。 公司以特色工艺晶圆代工为核心商业模式，服务芯片设计公司和终端客户，主要客户涵盖境内外多家一 流半导体行业设计公司。公司具备集成电路、功率器件等产品的工艺研发与制造能力，产品应用领域覆 盖消费电子、工业控制、汽车电子和人工智能等。 随着人工智能、物联网、汽车电子、消费电子、云计算等多个应用领域的市场增量需求，半导体行业迎 来蓬勃发展。根据TechInsights统计，2024年全球半导体市场规模提升至6,766亿美元，同比增长 21.02%。预计2029年全球半导体行业市场规模将进一步增长至10,404亿美元，2024-2029年均复合增长 率为8.99%。 另外，根据Statista统计，2024年全球模拟芯片行业市场规模为826.8 ...

中国经济网北京12月22日讯优刻得(688158.SH)今日收报25.32元，跌幅2.31%。目前该股处于破发状 态。 优刻得于2020年1月20日在上交所科创板上市，发行价格为33.23元/股。优刻得上市发行股份数量为 5850万股，保荐人(主承销商)为中国国际金融股份有限公司，保荐代表人为曹宇、樊友彪。 优刻得首次公开发行募集资金总额为19.44亿元，扣除发行费用后，募集资金净额为18.40亿元，分别多 媒体云平台项目、网络环境下应用数据安全流通平台项目、新一代人工智能服务平台项目和内蒙古乌兰 察布市集宁区优刻得数据中心项目(一期和二期)。 优刻得的发行费用总计1.04亿元，其中承销费及保荐费8831.31万元。 在跟投方面，中金公司（601995）的全资子公司中国中金财富证券有限公司获配股票数量180.56万股， 获配金额6000.00万元，占首次公开发行股票数量的比例3.09%，本次获得配售股票的限售期限为自本次 公开发行的股票在上交所上市之日起24个月。 2022年2月16日，优刻得发布2020年度向特定对象发行股票发行结果暨股本变动公告显示，本次发行价 格23.11元/股，发行股数30289917 ...

Investment Rating - The report assigns a "Buy" rating for the company, Lanqi Technology (688008), marking its first coverage [1]. Core Insights - Lanqi Technology is a leading global company in data processing and interconnect chip design, focusing on high-performance, low-power chip solutions for cloud computing and artificial intelligence [9][14]. - The company has two main product lines: interconnect chips and the Zindai server platform, with a strong market position in memory interface chips, being one of the top three DDR5 manufacturers globally [9][14]. - The report predicts significant revenue growth driven by the increasing penetration of DDR5 and the demand for AI-related "capacity" chips, with expected net profits of 2.35 billion, 3.42 billion, and 4.59 billion yuan for 2025, 2026, and 2027 respectively [1][9]. Summary by Sections 1. Company Overview - Lanqi Technology was established in 2004 and is dedicated to providing chip solutions for cloud computing and AI, with a focus on enhancing system performance through high-speed interconnect chips [14]. - The company has a diversified ownership structure with no controlling shareholder, and its management team possesses extensive experience in the semiconductor industry [15][17]. 2. Interconnect Chips - The interconnect chip segment is a key revenue driver, with a comprehensive product matrix that includes memory interface chips and PCIe Retimer chips, among others [9][14]. - The global market for memory interconnect chips is expected to grow significantly, with a projected CAGR of 25.9% from 2024 to 2030, driven by the transition from DDR4 to DDR5 technology [34]. 3. Zindai Server Platform - The Zindai server platform includes CPUs, data protection chips, and hybrid security memory modules, designed to provide secure computing environments for cloud data centers [72]. - The global server market is anticipated to grow steadily, with an expected increase in shipments from 13.6 million units in 2020 to 16.3 million units by 2025, benefiting Lanqi's server platform products [72].