Core Insights - Zhiyuan Robotics launched the open-source simulation platform Genie Sim 3.0 at CES, powered by a large language model [2][4] - Genie Sim 3.0 integrates 3D reconstruction and visual generation, enabling the creation of high-fidelity digital twin environments [2][4] - Developers can generate thousands of training and testing scenarios within minutes by inputting natural language commands [2][4] Data and Features - The company also released a comprehensive simulation dataset containing over ten thousand hours of real robot operation scenarios, covering more than 200 tasks [2][4] - The dataset includes multi-sensor information such as RGB-D, stereo vision, and full-body joint states, addressing various generalization dimensions like background, layout, lighting, and noise [2][4]

Group 1 - South Korean President Lee Jae-myung visited Shanghai and interacted with the ZhiYuan Expedition A2 humanoid robot at the China-South Korea Innovation and Entrepreneurship Forum [1][3] - The ZhiYuan Expedition A2 is the world's first full-size humanoid robot to achieve large-scale commercial deployment and has received triple certification from China, the US, and Europe [3] - At CES 2026 in Las Vegas, ZhiYuan Robotics showcased multiple humanoid robot products, including the Expedition A2, which performed multilingual interactions and dance [3] Group 2 - ZhiYuan Robotics launched the first large language model-driven open-source simulation platform, Genie Sim 3.0, at CES 2026, which can quickly generate high-fidelity digital twin environments [4] - The platform utilizes a handheld 3D laser scanner and combines high-resolution RGB, LiDAR point clouds, and RTK positioning to achieve millimeter-level replication of real environments [4] - ZhiYuan Robotics announced the open-sourcing of a simulation dataset covering over 100,000 scenarios, including thousands of hours of real-world operation data [4] Group 3 - ZhiYuan Robotics partnered with AI company MiniMax to enhance voice interaction experiences for their robots, creating a personalized voice synthesis system [5] - MiniMax will also assist in expanding entertainment applications for ZhiYuan Robotics' products through a self-developed music generation model [5] - The collaboration signifies the acceleration of multimodal AI technology into the embodied intelligence sector, aiming to improve emotional interaction and adaptability of robots [5] Group 4 - The Qiyuan Q1, a compact humanoid robot developed by Shangwei New Materials, was unveiled at CES, featuring portable design and robust performance [7] - The vision of Shangwei Qiyuan is to make embodied intelligence accessible to every individual and household, marking a new phase in personal robotics [7] - In July 2025, ZhiYuan Robotics acquired Shangwei New Materials, with a clear division of focus: Shangwei on consumer products and ZhiYuan on B2B and industrial markets [7] Group 5 - Dong Hao, a tenured associate professor from Peking University, joined Shangwei New Materials as Chief Scientist, focusing on embodied intelligence model research and strategic development [8] - Dong Hao has published over 90 papers in top international conferences and journals, with significant citations, and has received multiple international awards [8]

本报讯 （记者梁傲男）1月7日，中信证券发布研报称，北京智谱华章科技股份有限公司（以下简称"智 谱"，股票代码HK2513）是国内通用大模型领军企业，过去两年以互联网和科技企业为核心市场，收入 实现持续翻倍以上增长，2025年收入超1亿美元。未来6年国内大语言模型市场规模或将实现同比20倍增 长，企业级需求将主导千亿元机会，智谱在相关市场拥有一定身位优势，该行看好应用落地继续推动模 型需求快速增长，智谱依托优异模型能力持续打开企业端市场，带动收入保持高速增长，中信证券预计 智谱2025年、2026年、2027年营业收入分别为7.38亿元、16.04亿元、26.86亿元。 据Frost&Sullivan预测，2024年中国大语言模型市场规模达到53亿元，预计到2030年增至1011亿元， 2024年至2030年的复合年均增长率为63.7%。FrostSullivan预估到2030年中国企业级大语言模型市场规模 将达到904亿元，企业端市场占比接近90%。根据Frost&Sullivan，按2024年大语言模型收入计，智谱市 占率6.6%，是最大的独立大语言模型厂商。 研报认为，智谱的模型能力性价比高、幻觉率低， ...

Group 1 - Lenovo and NVIDIA announced a collaboration to launch the "Lenovo AI Cloud Super Factory," which aims to significantly reduce the "time to first token" for AI deployment and scale up to 100,000 GPUs to support trillion-parameter AI models [2] - Datong Technology is advancing partnerships in the autonomous driving sector, showcasing a smart charging robot capable of automated charging tasks, and introducing a new generation of intelligent charging network systems at CES 2026 [2] - Zhiyuan Robotics released the Genie Sim 3.0, an open-source simulation platform driven by a large language model, which integrates 3D reconstruction and visual generation, allowing for rapid scene generation and a comprehensive evaluation system covering over 100,000 scenarios [2] Group 2 - Roborock, a Chinese vacuum cleaner manufacturer, unveiled the Saros Rover, a stair-climbing vacuum cleaner equipped with AI and motion sensors, demonstrating its ability to navigate stairs and uneven surfaces [2]

智通财经APP获悉，晶泰控股("晶泰"，"晶泰科技"，02228)近日宣布，与晶科能源股份有限公司(688223.SH)子公司签署人工智能(AI)+自动化高通量叠层 太阳能电池研发战略合作协议，双方将共同成立合资公司，共建全球首个"AI 决策-机器人执行-数据反馈"全闭环叠层电池智造线 ，为不同的应用场景开 发高效率、高稳定性的太阳能电池产品。此举标志着两家在不同技术领域的领军者强强联合，正式开启在钙钛矿叠层等下一代光伏技术领域的深度协同。 联合实验室将突破性地通过把材料结构、配方、工艺、表征结果、器件性能等关键参数进行编码化(tokenize)，实现基于大语言模型(LLM)以及多模态AI推 理和进化的迭代循环，重塑光伏研发范式，加速颠覆性技术的产业化进程。 晶泰科技：AI赋能材料创新的破局者 晶泰科技自 2015 年成立以来，始终聚焦 AI 与材料科学的交叉创新，打造了行业领先的 AI for Science (科学智能)研发平台。通过整合量子物理算法、AI 预测模型与大规模机器人自动化实验，平台实现从微观机理到宏观实验的跨尺度创新，突破虚拟算法与真实实验间的壁垒。其智能自主实验平台拥有超 200 台自动化 ...

Core Viewpoint - Jingtai Holdings ("Jingtai", "Jingtai Technology", 02228.HK) has announced a strategic cooperation agreement with a subsidiary of JinkoSolar Holding Co., Ltd. to develop AI and automation-driven high-throughput perovskite solar cell technology [1] Group 1 - The partnership will establish a joint venture to create the world's first "AI decision-making - robotic execution data feedback" closed-loop perovskite solar cell manufacturing line [1] - The collaboration aims to develop high-efficiency and high-stability solar cell products for various application scenarios [1] - A joint laboratory will utilize a breakthrough approach by encoding key parameters such as material structure, formulation, process, characterization results, and device performance [1] Group 2 - The project will leverage large language models (LLM) and multimodal AI reasoning for iterative cycles, aiming to reshape the photovoltaic research and development paradigm [1] - The initiative is expected to accelerate the industrialization process of disruptive technologies in the solar energy sector [1]

一图看懂智谱(02513.HK)IPO 〔三〕 发行股份 37.4195百万股 賞 1月8日 发售价 116.20港元/股 智谱是一家中国领先的人工智能公司,致力于 开发先进的通用大模型。2019年，智谱秉承在中国 追求通用人工智能（AGI）创新的大胆理念而创立。 公司在全方位的人工智能研究中扎实交付先进技术, 并稳步扩大其商业应用,以实现收入的快速增长。 自成立以来，陆续推出中国首个开源千亿模型、首 个对话模型、首个多模态模型、全球首个设备操控 智能体等。持续探索AGI的技术边界与实践应用， 历次发布旨在推动突破性的技术革新。 > 商业模式: MaaS平台 :::::: 百家 F � 科技 le 百胖网 可拓展的 应用 道 C ြီး 展7 專信 OPEN F 灵活的自定义模型部署 MaaS 环路 V 安全和可及 语言模型 全面的模型 多模态模型 I l MaaS 组合 l 代码模型 智能体模型 l l 便捷的基础 El tempe The 真力资源兼容惜 标准的API接 直力支票 市场前景 D :::: l以收入计,中国大语言模型市场规模 (单位:十亿元人民币) ■ 企业级 ■ 消费者 2022-2024 ...

Company Overview - Company is a leading domestic general large model enterprise, focusing on advanced general large model development and is the largest independent developer in China, serving over 8,000 clients with more than 45 million downloads in the global developer community [2] - The management team has a strong technical background, including top scientists like Academician Zhang Bo [2] - Revenue for 2024 is projected to be 312 million yuan, a year-on-year increase of 150.9%, with H1 2025 revenue expected to reach 191 million yuan, a year-on-year increase of 325.0% [2] - R&D expenses for H1 2025 are estimated at 1.595 billion yuan, with 1.145 billion yuan allocated to computing power [2] - The gross margin for local deployment business remains above 60%, indicating sustained scale effects driven by model performance [2] Industry Overview - The large language model market is expected to grow 20 times in the next six years, with enterprise-level demand dominating the trillion yuan opportunity [3] - According to Frost & Sullivan, the market size for China's large language models is projected to reach 5.3 billion yuan in 2024 and grow to 101.1 billion yuan by 2030, with a CAGR of 63.7% from 2024 to 2030 [3] - The enterprise-level large language model market is expected to reach 90.4 billion yuan by 2030, accounting for nearly 90% of the market [3] - The company holds a 6.6% market share in the large language model revenue for 2024, making it the largest independent large language model vendor [3] Model Capabilities - The company's models are characterized by high cost-effectiveness and low hallucination rates, covering diverse enterprise needs [4] - The model range includes parameters from edge deployment (9B) to flagship models (355B), catering to various enterprise requirements [4] - The GLM-4-9B model achieved one of the lowest hallucination rates (1.3%) among top models, according to Stanford University's AI Index report [4] - The latest flagship model, GLM-4.7, has shown excellent performance in coding and agent capabilities, narrowing the gap with leading overseas models [4] Business Growth Analysis - Local deployment revenue is expected to exceed 2 million yuan per client in 2024, having doubled over the past two years [5] - In 2024, 50% of the company's revenue is expected to come from the internet and technology sectors, with plans to expand into consumer electronics and IoT in the next six months [5] - The company aims to enter high-barrier industries such as education and healthcare, leveraging enhanced model capabilities to accelerate application deployment [5] - Cloud business is driven by new products like GLM CodingPlan and AutoGLM, with the latest GLM-4.7 ranking first in open-source performance [5] - The number of paid users on the open platform Bigmodel.cn is expected to grow tenfold, with high-cost performance coding tools significantly impacting cloud revenue in 2026 [5]

Group 1 - The core viewpoint of the article highlights that Zhipu (2513.HK) is a leading enterprise in the domestic general large model sector, with revenue experiencing continuous growth of over 100% in the past two years, primarily targeting internet and technology companies [1] - The domestic large language model market is expected to grow 20 times in the next six years, with enterprise demand dominating the trillion yuan opportunity, and the company holds a competitive advantage in this market [1] - The company is projected to achieve revenues of 738 million yuan in 2025, 1.6 billion yuan in 2026, and 2.68 billion yuan in 2027, driven by its strong model capabilities and the rapid increase in global paid user numbers [1] Group 2 - In terms of local deployment business, 50% of the company's revenue in 2024 is expected to come from the internet and technology sectors, with plans to prioritize the consumer electronics and IoT industries in the next six months [2] - The company aims to leverage its model capabilities to enter high-barrier industries such as education and healthcare, anticipating a rapid increase in both customer numbers and average transaction value in its local deployment business [2]

Company Overview - Zhiyu (02513) is a leading domestic general large model enterprise, focusing on internet and technology sectors, achieving over 100% revenue growth in the past two years [1][2] - The company is the largest independent developer of general large models in China, serving over 8,000 clients with more than 45 million downloads in the global developer community [2] - The management team has a strong technical background, including top scientists like Academician Zhang Bo [2] Financial Performance - The company is projected to generate revenue of 312 million yuan in 2024, representing a year-on-year growth of 150.9%, and 191 million yuan in the first half of 2025, with a year-on-year growth of 325.0% [2] - R&D expenses for the first half of 2025 are expected to be 1.595 billion yuan, with 1.145 billion yuan allocated to computing power [2] - The gross margin for local deployment business is maintained above 60%, indicating strong scalability [2] Industry Overview - The large language model market in China is expected to grow 20 times in the next six years, with enterprise-level demand dominating the market, which is projected to reach 101.1 billion yuan by 2030 [3] - According to Frost & Sullivan, the market size for large language models in China is estimated to reach 5.3 billion yuan in 2024, with a CAGR of 63.7% from 2024 to 2030 [3] - Zhiyu holds a market share of 6.6% in the large language model sector, making it the largest independent player [3] Model Capabilities - The company's models are characterized by high cost-effectiveness and low hallucination rates, covering diverse enterprise needs [4] - The GLM-4-9B model achieved one of the lowest hallucination rates (1.3%) among top models, according to Stanford University's AI Index report [4] - The latest flagship model, GLM-4.7, has shown excellent performance in coding and agent capabilities, narrowing the gap with leading international models [4] Growth Analysis - The proportion of cloud deployment is gradually increasing, with local deployment revenue accounting for 85% and cloud deployment rising from 0% to 15% over the past two years [4] - The company plans to expand into high-barrier industries such as education and healthcare, leveraging its model capabilities to accelerate application deployment [5] - New products like GLM CodingPlan and AutoGLM are expected to significantly enhance cloud revenue, with the number of paid users on the platform Bigmodel.cn increasing tenfold [5]