Investment Rating - The report assigns an "Overweight" rating to the computer industry [4] Core Insights - Shanghai's "14th Five-Year Plan" emphasizes the development of AI and outlines a modern industrial system to enhance core competitiveness, focusing on the digitalization and green transformation of traditional industries, and accelerating the growth of three leading industries: integrated circuits, biomedicine, and artificial intelligence [4] - The institutional holding in the computer sector for Q4 2025 is at 2.1%, down 1.1 percentage points from the previous quarter, indicating significant room for increased allocation [2][4] - The humanoid robot industry is experiencing key advancements in mass production and commercialization, with Yuzhu Technology reporting over 5,500 units shipped in 2025 and Tesla's Optimus robot expected to be available for sale by the end of 2026 [4] Summary by Sections Industry Overview - The report highlights the establishment of a multi-layered industrial structure aimed at achieving gradient development through traditional upgrades, leading breakthroughs, cluster development, and future cultivation [4] - The focus is on building systemic advantages in information processing infrastructure, algorithms, and applications [4] Institutional Holdings - Historical analysis shows that institutional holdings in the computer sector have fluctuated, with a peak of 6.2% in Q4 2022, followed by a decline to 2.1% in Q4 2025, which is one of the lowest levels in the past decade [4] Recommended Stocks - The report recommends several stocks for investment, including: - Nichicon Technology - Kingsoft Office - Hehe Information - Hikvision - Newland - Daotong Technology - Haiguang Information - Zhongke Shuguang [4][5]

Investment Rating - The industry rating is "Outperform the Market," indicating that the overall return of the industry is expected to exceed the market benchmark index by more than 5% over the next 6 months [14]. Core Insights - A breakthrough in Alzheimer's treatment was observed when a focused ultrasound surgery unexpectedly improved the cognitive function of a patient, challenging the traditional belief that Alzheimer's is irreversible. This condition affects nearly 17 million patients in China, leading to significant caregiving burdens [4][5]. - The research team led by Professor Sun Bomin is exploring a new approach using high-energy ultrasound to directly stimulate brain neural circuits, with initial clinical trials showing an average improvement rate of about 50% among seven moderate to severe patients [5]. - The global brain-computer interface (BCI) market is projected to grow rapidly, with an estimated size of approximately $2.62 billion in 2024, reaching $2.94 billion in 2025, and potentially growing to $12.4 billion by 2034, reflecting a compound annual growth rate of 17.35% over the next decade [6]. Summary by Sections Industry Overview - The report highlights the significant unmet medical need in Alzheimer's treatment and the potential for innovative therapies to emerge from recent clinical findings [4][5]. Market Potential - The brain-computer interface market is expected to see substantial growth, with specific projections for both global and Chinese markets, indicating a strategic focus on high-tech industries as outlined in national economic plans [6]. Investment Recommendations - The report suggests monitoring companies such as Yanshan Technology, Hanwei Technology, Sanbo Brain Science, and others, which are positioned to benefit from advancements in the BCI and related technologies [6].

Core Viewpoint - Beijing aims to significantly develop high-tech industries in 2023, focusing on key projects such as robotics, commercial aerospace, and green advanced energy, while fostering new growth points in 6G, quantum technology, and biomanufacturing [1][2] Group 1: Key Projects and Initiatives - Beijing will promote the integrated circuit industry by expanding production capacity and constructing an international pharmaceutical innovation park [1] - The city plans to implement a humanoid robot acceleration development project and establish a national humanoid robot training base [2] - There will be a focus on building a high-performance quantum computing cloud platform and a quantum computing industry innovation center [2] Group 2: Technological Advancements - The government will enhance basic research and tackle key core technology challenges, establishing new research innovation platforms in areas like brain-machine interfaces and high-temperature superconductors [1] - Support will be provided for enterprises to undertake more technological research and development tasks [1] Group 3: Economic and Industrial Growth - Beijing aims to stimulate the vitality of various business entities, particularly supporting private enterprises in participating in major project construction [1] - The city will promote the digital transformation of traditional industries and enhance the quality of manufacturing [1]

转自：推广 文｜邬少娟 唐学菲 日前，安徽省委、省政府举办日新：江淮科创沙龙，将脑机接口列为未来产业培育重点，明确将其作为塑造新质生产力、驱动经济增长的战略方向。 在此背景下，蚌埠于1月23日至25日成功举办"智聚江淮，脑联未来"安徽省脑机接口创新发展大会，吸引超过300位来自高校院所、医疗机构、龙头企业、行 业协会的专家、企业家参与，推动这座工业城市加速汇聚创新资源，切入脑机接口这一前沿赛道。 图片来源：蚌埠医科大学官方 而集聚"最强大脑"，为什么是蚌埠？发展脑机接口产业，蚌埠有何优势？ 产业新定位：从制造名城到脑接口试验场 在区域经济竞争日趋激烈的背景下，传统工业城市如何破局？ 蚌埠的选择是：瞄准前沿，将自身积累转化为赛道优势。历史上，蚌埠曾诞生安徽多个"第一"工业产品，积累下深厚的制造底蕴。如今，其将目光投向脑机 接口——这一被多国列入战略布局、市场潜力巨大的未来产业。 对蚌埠来说，这是产业积累的必然创新基因的持续爆发。基于两大现实支点：一是坚实的智能传感器产业基础，二是丰富的医疗临床资源。 蚌埠是全国三大传感器研发制造基地之一，蚌埠的中国传感谷位列全国十大高质量传感器园区第6位，吸引了200多家智能传 ...

Group 1 - The report emphasizes enhancing the effectiveness of the technological innovation system [1] - It outlines the implementation of foundational research and key core technology initiatives, including the establishment of national laboratories [1] - The focus areas include brain-computer interfaces and high-temperature superconductors, with plans to build new research innovation platforms [1] Group 2 - The report highlights the continued role of Zhongguancun as a demonstration area, introducing new pilot reform measures to accelerate the development of a world-leading technology park [1] - It mentions the deepening of the "Three Cities and One Area" coordinated development strategy, supporting the construction of an artificial intelligence cluster in Zhongguancun Science City [1] - The report also addresses the promotion of high-end scientific instrument equipment industry development in Huairou Science City and the acceleration of key base and science town construction in Future Science City [1]

Core Insights - Beijing aims to become a global benchmark city for the digital economy, targeting an 8.7% growth in digital economy value added by 2025 [1] Group 1: Digital Economy Development - Significant progress in the construction of key ecosystems for artificial intelligence, with major application pilot bases established in healthcare, manufacturing, and science [1] - The number of registered large models in Beijing remains the highest in the country, indicating strong leadership in AI development [1] - The establishment of Beijing Data Group and the operation of the Smart Beijing Innovation Center are pivotal for advancing the digital economy [1] Group 2: Future Industry and Technological Advancements - Beijing hosted the world's first humanoid robot marathon and the World Humanoid Robot Games, showcasing its commitment to innovation in robotics [1] - The city has successfully built a small-scale experimental network for 6G technology, positioning itself at the forefront of telecommunications [1] - The successful launch of the reusable Zhuque-3 rocket marks a significant achievement in aerospace technology [1] - Multiple leading results in brain-computer interface technology were prominently displayed, highlighting advancements in neuroscience [1] Group 3: Modern Service Industry Growth - The modern service sector, including software information, technology services, and business services, contributed over 50% to economic growth [1] - The efficiency of financial services in supporting the real economy continues to improve, reflecting a robust financial ecosystem [1] - The Beijing Stock Exchange has 288 listed companies with a total market capitalization exceeding 860 billion yuan [1]

Group 1 - The report emphasizes enhancing the effectiveness of the technological innovation system [1] - It outlines the implementation of foundational research and key core technology initiatives, including the establishment of national laboratories [1] - The focus areas include brain-computer interfaces and high-temperature superconductors, with plans to build new research innovation platforms [1] Group 2 - The report highlights the continued role of Zhongguancun as a demonstration area, introducing new pilot reform measures to accelerate the development of a world-leading technology park [1] - It mentions the deepening of the "Three Cities and One Area" coordinated development strategy, supporting the construction of an artificial intelligence cluster in Zhongguancun Science City [1] - The report also addresses the promotion of high-end scientific instrument equipment industry development in Huairou Science City and the acceleration of key projects in Future Science City [1]

Core Insights - Beijing aims to accelerate the construction of a global benchmark city for the digital economy, with significant progress in artificial intelligence ecosystem development [1] - The digital economy's added value grew by 8.7%, highlighting the city's focus on modern service industries [1] Digital Economy Development - Major advancements in AI applications, with the number of registered large models in Beijing ranking first in the country [1] - Establishment of the Beijing Data Group and the launch of the Smart Beijing Innovation Center [1] Future Industry Initiatives - Beijing hosted the world's first humanoid robot marathon and the World Humanoid Robot Games, showcasing its leadership in robotics [1] - The city has successfully built a small-scale experimental network for 6G technology [1] - The Zhuque-3 reusable rocket made its inaugural flight, marking a milestone in aerospace innovation [1] - Several leading achievements in brain-computer interface technology were presented [1] Contribution of Modern Service Industries - The software information, technology services, and business services sectors contributed over 50% to economic growth [1] - The efficiency of financial services supporting the real economy continues to improve [1] - The Beijing Stock Exchange has 288 listed companies with a total market capitalization exceeding 860 billion yuan [1]

实现用意念驾驭轮椅 科技广货怎么做到的？ 华南脑控研发的脑机接口产品在残特奥会上被广泛应用，为残障人士便捷"行动"提供暖科技 文/羊城晚报记者 黎秋玲 图/受访者供图 广货行天下，智能轮椅走万家。 残特奥会已在大湾区落幕，回望赛场上那些突破极限的身影，依然令人动容。 参加铁人三项的佛山运动员张健感慨道："智能轮椅让我得心应手，轮椅即跑鞋，科技真的让生活更美好。" 肢体障碍运动员凭"意念"操控轮椅，穿梭障碍赛道，于篮球场灵活转向、精准传球；场外，智能轮椅载着使用者穿梭于街巷，翻越台阶、跨越沟渠，出行梦 想照进现实。 这背后，是广东科技创新与产业担当的"移动革命"，是科技以温暖之姿，为残障人士铺就的出彩人生路。 赛场亮剑："意念驱动"改写竞技格局 2025年12月结束的残特奥会上，华南脑控（广东）智能科技有限公司（以下简称"华南脑控"）研发的脑机AI轮椅，是耀眼的"科技明星"。 这款搭载非侵入式脑机接口技术的轮椅，仅凭一个轻便头环，便能精准捕捉使用者的脑电、眼电、头动等多模态生物信号，通过AI算法"翻译"成控制指令 ——目光聚焦即可启动，眨眼确认方向，转头实现转向，点头完成刹车。无需肢体动作，操作行云流水。 在障 ...

《商道创投网》创业家会员·本轮融资用途是什么？ 术理创新创始人兼董事长王薇博士表示："本轮融资将主要用于持续搭建脑机接口技术的多元产业应用 和全链条创新生态体系。我们将进一步融合脑科学与人工智能技术，以系统性工程能力为支撑，推动脑 机接口技术从前沿概念转化为可交付、可规模化的产业现实，助力人类健康与能力的提升。" 《商道创投网》创投家会员·本轮投资原因是什么？ 东方富海上海管理总部副总经理、合伙人李潇男表示："脑机接口作为国家战略明确的新质生产力代 表，正迎来技术落地与政策引领的双重爆发期。术理创新深耕非侵入式脑机接口领域十余年，凭借全链 条自主创新构筑了坚实壁垒，是国内率先实现脑机接口设备规模化临床落地的龙头企业。我们对其核心 技术、商业化能力与行业引领地位高度认可，期待与公司携手推动技术普惠民生。" 《商道创投网》2026年1月24日从官方获悉：术理创新近日完成了由国家中小企业发展基金、东方富海 和老股东等共同投资的数亿元人民币B+轮融资。 《商道创投网》创业家会员·单位简介 术理创新是一家专注于脑机接口技术研发的高科技企业，其产品主要针对中枢神经损伤导致的肢体运动 障碍、意识与认知障碍以及神经发育障碍等 ...