Financial Performance - In 2024, the company reported a revenue of 97,345 million CNY and a net profit of -475 million CNY, with a non-recurring net profit of -248 million CNY [3] - The acquisition of Shanghai Gengcon achieved a revenue of 12,517.74 million CNY and a net profit of 661.42 million CNY in 2024, meeting the performance commitment [3] Market Expansion and Product Development - The company participated in international exhibitions in Pakistan and Bangladesh in 2024 to explore overseas markets and emerging application fields [2] - The company is focusing on the development of functional textiles and has plans for future layouts in fine chemicals, AI digital technology, and environmentally friendly new materials [3] Environmental Compliance - The company is committed to complying with national environmental regulations and has increased investment in waste treatment while optimizing production processes to meet the latest emission standards [3] Shareholder Engagement and Future Plans - The board has proposed a plan for shareholder returns for the next three years (2025-2027), emphasizing the importance of reasonable investment returns while balancing operational funding needs [4] - The "Zhixing Cloud" platform registered 50,000 users by the end of 2024 [4] Stock Issuance - The board has passed a proposal to authorize the issuance of stocks to specific investors, pending approval from the 2024 annual shareholders' meeting [4]

超出预期的还在于高端化趋势的进一步确认。根据IDC报告，当前旗舰手机售价普遍提升，尤其在头部品牌 集中度极高的中国市场，预测2025年高端机型（600美元以上价位）份额将历史性扩大至30.9%[2]。 这背后两大推动力不可忽视：一方面是生成式AI带来的手机功能质变，激活消费者的换机热情；另一方面 是移动游戏进入精品化竞争，拉动玩家对高性能手机的需求。 两大趋势都仰赖一颗核心硬件——移动SoC，将其推向了高端化的新博弈。 掀开增长的天花板 2019年以后，智能手机换机周期不断拉长，出货量增长的天花板肉眼可见，如何提高单机利润率，成为手 机品牌涌向高端化赛道的内驱力。 过去主流的高端化打法是在零部件上做加法，通过增加摄像头数量、折叠屏等提升单机价值量，激发消费 意愿，但效益逐渐见顶。直到生成式AI带来了变革。 生成式AI从根本上重塑了人机交互方式，手机功能从被动地使用进化至主动地提供服务，颠覆了软硬件设 计的底层逻辑，带来焕然一新的用户体验，比如端对端的任务交付、通过对话提供的情绪价值，成为消费 者下单新手机的理由。 去年年中，调研机构IDC预测，全球智能手机出货量将在这一年结束两年下滑、提升4%，这个数字在两个 ...

Investment Rating - The report maintains an investment rating of "Outperform the Market - A" for the electronics industry [6]. Core Insights - The semiconductor product origin recognition rules have been clarified, accelerating the domestic substitution process for chips, which may benefit local manufacturers of analog and RF chips due to increased tariffs on U.S. imports [1]. - The electronics sector experienced a decline of 3.89% in the past week, ranking 13th out of 31 industries, with the semiconductor sub-sector showing a slight increase of 0.56% [3][37]. - The report highlights significant investment opportunities in various segments, including supply chains related to Apple, NVIDIA, and semiconductor ICs, as well as silicon carbide [4]. Summary by Sections Industry Performance - The electronics sector's performance in the past week saw the Shanghai Composite Index drop by 3.10%, the Shenzhen Component Index by 5.13%, and the CSI 300 Index by 2.87% [3][37]. - The electronics index's price-to-earnings (PE) ratio stands at 52.6, with a 10-year PE percentile of 67.61% [42]. Investment Recommendations - Key companies to watch include Luxshare Precision, GoerTek, and Lianyi Intelligent Manufacturing in the Apple supply chain; NVIDIA-related companies such as Shenghong Technology and Industrial Fulian; semiconductor IC firms like Haiguang Information and Longxin Zhongke; and silicon carbide companies like Tianyue Advanced and Sanan Optoelectronics [4]. Market Data Tracking - The semiconductor industry is seeing increased investment in advanced packaging and third-generation semiconductors, with significant projects being signed in China [16]. - The 8-inch silicon carbide substrate has entered large-scale application, promising higher yields and lower manufacturing costs [24].

《日本时报》 4 月 9 日文章，原题： AI 复活逝者的能力正在模糊我们对现实的认知 命运之神的残酷玩 笑，让居住在美国宾夕法尼亚州的47岁演员杰森·高温做出了一个大胆的选择。2019年，刚诞下一对双 胞胎，杰森的妻子不幸中风，医生诊断其最多能活2—3年，这让杰森和大儿子陷入深深的绝望中。 然而，几个月后，杰森确诊胃癌。望着羽翼未丰却面临失去双亲的3个孩子，他想到了电影《钢铁之 躯》中，身披斗篷的超人和父亲全息投影的那场对话。想到可能有机会为孩子留下自己的"复制品"，他 的心中有了些许宽慰。"肯定有人研究了这种技术"，杰森通过网络搜索到，有10家公司正在向AI模型投 喂文本、视频等个人数据，打造人类的虚拟镜像。 他参与了一项名为"看不见的你"的AI内测。于是，他9岁的儿子常常会同一款名为"机器人爸爸"的聊天 机器人交谈，其聊天方式与杰森相近。前不久，当妻子正在收拾盘子的时候，"机器人爸爸"开了个杰森 本人常开的玩笑。 该AI公司首席执行官贾斯汀·哈里森称"看不见的你"有约1000名用户。在其他国家，数千名用户使用一 款名为"超脑"的产品，只需提供30秒钟的音视频数据，就能"数字式复活"挚爱亲朋。许多人还会用 ...

Core Insights - Meitu's MT Lab has achieved significant recognition with five research outcomes selected for the prestigious CVPR 2025 conference, which received over 13,000 submissions and has a low acceptance rate of 22.1% [2] - The lab also had two projects accepted at the AAAI 2025 conference, which had an acceptance rate of 23.4% from 12,957 submissions [2] - The seven research outcomes focus on image editing, including three generative AI technologies, three segmentation technologies, and one 3D reconstruction technology [2] Generative AI Technologies - GlyphMastero has been implemented in Meitu's app Meitu Xiuxiu, providing users with a seamless text modification experience [3] - MTADiffusion is integrated into Meitu's AI material generator WHEE, allowing for efficient image editing with simple commands [3] - StyO is utilized in Meitu Xiuxiu's AI creative and beauty camera features, enabling users to explore different dimensions easily [4] Segmentation and 3D Reconstruction Technologies - The segmentation breakthroughs include interactive segmentation and cutout technologies, which are applied in e-commerce design, image editing, and portrait beautification [4] - EVPGS represents advancements in 3D reconstruction, with increasing demand in new perspective generation, augmented reality (AR), 3D content generation, and virtual digital humans [4] Industry Position and Future Potential - Meitu's long-term investment in AI capabilities has allowed the company to integrate cutting-edge technologies into practical applications, enhancing its competitive edge in the core visual field [4] - The continuous iteration of product capabilities has led to increased user engagement and willingness to pay, indicating promising growth potential and expansion opportunities for the company [4]

近日， 未可知人工智能研究院副院长张孜铭 老师受邀为 国家电网 进行了一场关于 人工智能 技术及其在电网场景应用 的内部分享课程。 此次授课旨在帮助国家电网的员工更好地了解人工智能技术的发展趋势、应用场景以及如何在 电力行业中落地实践，推动电力行业的智能化升级。 张孜铭老师是未可知人工智能研究院副院长 ，同时也是北京大学与新加坡国立大学双硕士，国 家工业信息安全发展研究中心牵头的《生成式人工智能数据应用合规指南》团体标准起草人。 他凭借其深厚的专业背景和丰富的行业经验，为国家电网的员工带来了一场精彩纷呈的课程。 课程内容涵盖了人工智能技术的发展趋势与现状、生成式人工智能（ AIGC）与传统决策式AI 的区别、DeepSeek相关技术及其应用情况等多个方面。 张孜铭老师通过丰富的案例和互动环节， 深入浅出地讲解了人工智能技术在电力行业的应用前 景和实际操作方法。 在课程中，张孜铭老师详细 介绍了生成式 AI的发展历程 ，从早期的萌芽阶段到如今的快速发 展阶段，展示了生成式AI在文本、图像、音频、视频等多个领域的强大生成能力。 他还通过互动游戏和实际案例，让学员们亲身体验了AI生成内容的逼真程度和应用价值。 特别 ...

Core Viewpoint - The article discusses the challenges and opportunities for businesses in the AI era, emphasizing the need for effective integration of AI technologies into organizational structures and processes [1][2][3]. Group 1: AI Tools and Solutions - Current AI technologies are not yet mature enough to provide standardized, plug-and-play solutions for all businesses, but they can still offer significant benefits [2][3]. - The future may see the emergence of more universal AI products, but businesses should focus on finding solutions tailored to their unique needs [2][3]. Group 2: AI Implementation Challenges - The main resistance to AI implementation comes from human factors rather than technical issues, including fears of job displacement and the disruption of existing power structures within organizations [17][18]. - Successful AI integration requires strong leadership and a clear alignment with business objectives to alleviate employee concerns and ensure buy-in [15][18]. Group 3: Data Quality and Utilization - The quality of data used to train AI models is crucial, with five dimensions to evaluate: accuracy, completeness, timeliness, consistency, and usability [10]. - Organizations should focus on structuring their existing data effectively to enhance AI performance, especially in specialized fields [10]. Group 4: Talent Acquisition and Development - Companies should seek young, adaptable talent who are familiar with generative AI rather than relying solely on experienced professionals [31][32]. - Building a learning organization that encourages knowledge sharing and collaboration can help companies adapt to the AI landscape [33][35]. Group 5: Employee Engagement and Mindset - Employees need to feel that AI is a tool for enhancing their work rather than a threat, which requires addressing their fears and misconceptions [19][20]. - Creating a culture of innovation and recognizing employee contributions can foster a more positive attitude towards AI adoption [16][18]. Group 6: Practical Applications and Tools - AI can significantly improve efficiency in various roles, such as content creation, where fewer employees can achieve more output [47]. - Companies can utilize RPA tools to automate data collection and processing, thereby reducing manual workload [48].

让美国Open AI的"o1"和中国DeepSeek的"R1"解答了2025年度东京大学入学考试题目。在被视 为日本国内最难考的东京大学理科3类入学考试中，二者均超过了最低合格线。各科目的具体分数 为…… 在数学方面，虽然很多题目的最终答案正确，但在图形和论证问题上多次出现论述错误和说明不足的情 况。在理科数学方面，在满分120分的情况下，"o1"得了38分，"R1"得了49分。负责数学教学的讲师香 坂季京指出："这被认为明显低于合格者的平均分"。 版权声明：日本经济新闻社版权所有，未经授权不得转载或部分复制，违者必究。 日经中文网 https://cn.nikkei.com 样，包括文科在内，都获得了"合格"成绩。 在二次考试中得分率较高的科目是英语，"o1"和"R1"的得分率都超过了75％。在河合塾负责英语教学的 讲师久恒秀雄表示："单词和语法几乎没有错误。远远超过了参加东京大学入学考试的考生的平均水 平"。 日本经济新闻（中文版：日经中文网）与民营企业和大型预备学校的联合调查显示，中美的新型生成式 AI已经具备了可通过被视为日本国内最难考的东京大学理科3类入学考试的"学力"。调查同时发现，虽 然这些AI ...

日本经济研究中心汇总了未来50年的长期经济预测。中国到2075年总和生育率将降至0.8，据此 推算GDP规模的中美逆转不会发生。但如果特朗普总统提出的政策的影响长期化，中美发生逆转 的可能性仍然存在…… 日本经济研究中心日前汇总了未来50年的长期经济预测。从各国GDP来看，美国和中国将继续保 持在第一和第二位。两国都将通过AI的利用，以信息服务、金融和保险为中心提高生产效率。日 本相比美国和中国更缺乏这些产业的基础，因此AI提升生产效率的效果不明显。 日本经济研究中心独立推算了人口动态，结果显示，从显示一名女性一生中所生孩子数量的平均 值的总和生育率来看，中国到2075年降至0.8。据此推算，GDP规模的中美逆转不会发生。 日 本经济研究中心约每5年公布一次独立的长期经济预测。 该预测以包括香港和台湾在内的83个 国家和地区为对象。 这次是中期报告，将在今年夏季发布包含日本经济改革前景的最终报告。 日本整体的实际GDP将从2024年的第4位(3.5万亿美元)降至2075年的第11位(4.4万亿美元)。虽然 避免负增长，但2071～2075年的平均增长率仅为0.3%。 由于生成式AI的利用推动生产率提高等原因， ...

3月26日，商汤科技发布2024年财报，总体收入同比增长10.8%，亏损同比大幅收窄33.7%，其中生成式 AI增长103.1%，营收占比从2023年的35%来到64%[1]。 考虑到时下生成式AI"退潮裸泳"的大背景，这种表现令人侧目。新旧势力纷纷遭遇"落地墙"围堵，商汤 却像是每个班都有的学霸，别人还在回顾知识点，ta已经开始刷题了。 在AI公司中，商汤的学霸光环向来耀眼。提到中国AI产业，商汤是绝不会忽略的一家公司。出道至今研 发实力从未掉出过第一梯队，研发成果如数家珍。但光环背后，一度是面包和理想的长久拉锯。 2018年—2022年间，商汤开始投入基础设施建设，研发费用率由此飙升，背负起巨大的盈利压力，但也 由此生长出了独一无二的商业模式。如今守得云开见月明，是科技产业对长期主义者的又一次褒奖。 从"大装置"开始 上海临港，距离特斯拉超级工厂3公里，是商汤SenseCore AI大装置所在地——商汤智算中心AIDC，后 者是当前亚洲最大的超算平台之一[2]。 商汤智算中心AIDC AIDC正式启动于2021年，SenseCore AI大装置的打造则从更早之前就开始了，是商汤埋的最深的一个伏 笔。 20 ...