依托约200个地市的社保服务渠道和政府数据运营经验，德生科技构建了"社保卡+就业+政务"的基层服 务网络，商务模式已经初步跑通。 除了社保民生服务以外，德生科技还搭建"政务与民生的数字桥梁"，通过"AI+大数据"助力政府数字 化，服务C端需求，联合B端构建智能生态，推动民生服务与消费升级协同发展。在交流会上，德生科 技大数据研究院院长简伟光介绍了德生科技数据运营服务的情况。 据悉，地方政府有推动数字经济发展的需求，但一般缺乏直接运营能力，在此背景下德生科技与地方政 府深度配合，以区县为单位，联合当地国企寻找有潜力的产业，共同推进数据资产运营。 具体而言，德生科技服务政府、企业形成数据资产包，深度挖掘数据价值，通过社保卡业务积累的人 流、就业、医疗等数据，已形成可运营的数字资产，正在农产品等领域试点数据变现。 本报讯(记者李昱丞)7月22日，广东德生科技（002908）股份有限公司(以下简称"德生科技")在深圳举办 投资者交流会，就社保民生服务业务、数据运营业务、RDA(真实数据资产)等作分享。 "从社保卡制卡业务到运营服务商，德生科技实际上做的是跟人有关的业务。公司业务不仅仅停留在社 保卡，而是通过社保卡去连 ...

市场情绪：63 分（较热） 最近一年大盘走势 资料来源：Wind，华鑫证券研究 -10 0 10 20 30 (%) 沪深300 相关研究 | 1、《双融日报》2025-07-23 | | --- | | 2、《双融日报》2025-07-22 | 3、《双融日报》2025-07-21 2025 年 07 月 24 日 双融日报 --鑫融讯 分析师：万蓉 S1050511020001 wanrong@cfsc.com.cn ▌ 华鑫市场情绪温度指标：（较热） 华鑫市场情绪温度指标显示，昨日市场情绪综合评分为 63 分，市场情绪处于"较热"。历史市场情绪趋势变化可参 考图表 1。 ▌ 热点主题追踪 今日热点主题：机器人、RDA、水电 1、机器人主题：据国新网 7 月 14 日消息，国务院新闻 办公室将于 2025 年 7 月 15 日(星期二)下午 3 时举行"新征 程上的奋斗者"中外记者见面会，请民营企业家代表围绕 "弘扬企业家精神，坚定做优秀中国特色社会主义事业建设 者"与中外记者见面交流。另外，智元机器人和宇树科技成 功中标中移（杭州）信息技术有限公司 2025 年至 2027 年人 形双足机器人代工服务采 ...

Physical Intelligence 联合创始人，加州大学伯克利分校机器人深度学习领域领军人物Sergey Levine最近发表 了一篇深度长文，认为过度依赖替代数据源会严重限制模型的最终能力，真正的突破必须建立在真实数据基础 之上。 Levine教授以"勺叉"（spork）这个巧妙的比喻，剖析了当前AI研究——尤其是机器人AI研究中的一个关键困 境：面对高昂的真实数据收集成本，研究者们总想找到便宜的替代方案，比如用模拟器、人类视频或手持设备 来训练机器人。然而，这些看似聪明的"两全其美"方案，最终都像勺叉一样——想同时当勺子和叉子，结果两 样都做不好。 文章告诉我们，真正的技术突破需要真实数据的滋养 。任何试图绕过这一"苦涩真相"的捷径，都会在模型能 力上付出代价。 锦秋基金认为，这篇文章为正在权衡"快速迭代"与"长期竞争力"的AI创业者提供了一个值得深思的视角，因此 对这篇文章进行了编译 训练大模型真的很难，而且随着模型规模不断扩大、应用领域不断拓展，难度只增不减。LLM（大语言模 型）需要海量文本数据，VLM（视觉语言模型）需要文本和图像的配对数据，而机器人领域的VLA（视觉-语 言-动作）模型更 ...

三维天地 20250720 摘要 公司专注于 AI 驱动的数字化管理解决方案，战略重点包括数据要素生态 软件、AI 人工智能应用及国际市场拓展。2025 年初接入 Deepseek、 通义千问等大模型，发布 seven link AI 智能体产品，并推出研发一体 化平台，助力科研药企。 公司在 RDA（真实数据资产）领域积极探索，拥有成熟的数据资产平台， 整合全证数据工具链并融合大模型，同时积累了大量区块链专利技术， 并与工信部共同研制行业标准，为数据资产的安全可信及合规奠定基础。 公司推出了数据要素交易运营平台，聚焦数据确权、安全开发与可信流 通，通过共享、协同、交易、运营一体化服务破解数据壁垒，并融合滴 滴 P 米、大模型通义千问等技术，为用户提供全面的数据管理解决方案。 公司在科研试点方面，牵头清华大学进行可信数据空间建设，连通高校 科研数据与多地公共数据，实现公共数据显示应用模式，打通供给、流 通、利用链条，为未来的数据交易奠定基础。 公司 AI 业务整合先进 AI 技术，提升智能化水平，Three Link agent 平 台具有低代码开发方式，可无缝对接其他大模型，支持对话式、分析型、 生成式应用 ...

三维天地：将积极参与到RDA相关示范项目中 智通财经7月20日电，三维天地(301159.SZ)发布投资者关系活动记录表，作为国内数据资产管理领域的 老牌技术型和应用型服务商，公司在数据要素和RDA（Real Data Assets，真实数据资产）方面的布局和 储备包括：前瞻布局与标准引领；平台支撑与生态构建；技术融合与服务赋能；政策红利与科研试点。 未来公司将紧密关注相关政策和进展，积极参与到RDA相关示范项目中，参与相关标准制定，探索 RDA与实物资产结合的应用场景，立足数商角色积极参与到数据交易所主导的资产上链、金融标的物 发行等业务中去。 ...

Core Viewpoint - The Shanghai Data Exchange's introduction of the RDA (Real Data Asset) paradigm represents a significant innovation in the valuation and circulation of data assets, leveraging blockchain technology for data rights confirmation and efficient flow, thus creating new financing channels for enterprises and promoting the marketization and capitalization of data elements [1][2]. Group 1: Company Positioning and Standards - Beijing Sanwei Tiandi Technology Co., Ltd. has been a key player in the data asset management sector since 2020, contributing to the development of national standards for data rights confirmation and authorization [1]. - The company received the first batch of DRCA certificates for compliance with data rights confirmation standards from the Ministry of Industry and Information Technology, enhancing its technical compliance and industry credibility [1]. Group 2: Platform Support and Ecosystem Development - The upcoming "Data Element Transaction Operation Management Platform" aims to facilitate data rights confirmation, secure development, and trustworthy circulation, addressing data barriers and ensuring traceable data transactions [2]. - This platform will serve various stakeholders, including data bureaus and transaction institutions, providing essential infrastructure for the assetization and elementization of public data [2]. Group 3: Technological Integration and Service Empowerment - Sanwei Tiandi's main product, the "Data Asset Management Platform DAM V13," integrates advanced technologies such as DeepSeek large models and blockchain patents, offering core infrastructure services for RDA asset packaging and generation [2]. - The company's comprehensive platform system and full-stack data asset toolchain position it as a foundational supporter in the construction of the RDA paradigm at the Shanghai Data Exchange, driving the transition from innovation to large-scale implementation [2].

Core Viewpoint - The emergence of RDA (Real Data Assets) as a new form of stablecoin is gaining significant attention in the A-share market, particularly with companies like Shanghai Material Trade (600822.SH) and others experiencing substantial stock price increases due to this concept [1][2]. Group 1: RDA Concept and Market Response - RDA is positioned as a new asset form that integrates high-frequency, trustworthy, and assessable operational data with physical assets, aiming to solve trust issues inherent in previous models like RWA (Real-World Assets) [1][2]. - The market has shown high expectations for RDA, with companies like Shanghai Material Trade achieving multiple trading halts, indicating strong investor interest [1]. - RDA's differentiation from RWA lies in its ability to ensure data credibility through innovative mechanisms, addressing trust issues that have hindered RWA's adoption [2]. Group 2: Shanghai Material Trade's Position - Shanghai Material Trade is seen as a leader in the RDA space due to its existing data products and its relationship with the Shanghai Data Exchange, which positions it favorably for future RDA projects [4][5]. - The company’s core business remains traditional commodity trading, and while RDA could enhance its operational efficiency, the immediate impact on financial performance is expected to be minimal [4][6]. - The reliance on external policy support for RDA's success raises concerns about the sustainability of its current market enthusiasm, as the company lacks direct control over the project's execution [5][6]. Group 3: Financial Performance and Projections - In 2024, Shanghai Material Trade reported total revenue of 4.517 billion yuan, a 42.59% decline year-on-year, primarily due to challenges in its automotive trading segment [8]. - The contribution of data asset transactions to overall revenue is projected to be negligible, with even optimistic estimates suggesting it would account for less than 1% of total revenue [8][9]. - The company’s recent acquisition of a stake in a chemical market management firm raises questions about its financial viability, as the acquired entity has shown losses and may increase financial pressure on Shanghai Material Trade [11][13][14].

智通财经7月16日讯（记者 吴雨其）6月以来，数字资产板块重新走高，成为A股市场最受关注的主题之 一。尤其是6月3日万得稳定币概念指数正式发布后，板块整体走势明显提速，仅一个多月内，该指数累 计上涨达35.13%，涨幅远超多数主流赛道，迅速引发各方关注。随着资金加速流入、个股轮动提速， 稳定币板块正从边缘题材跃升为市场主线之一。 市场热度的背后，是技术范式与产业逻辑的双重驱动。尤其是"RDA（真实数据资产）"概念的爆发，更 为稳定币行情注入新的催化剂。这一由上海数据交易所提出的新概念，通过区块链技术，将真实世界的 数据（例如钢材交易记录、光伏发电量、物流信息等）和对应的实体资产绑定，变成可交易、可融资的 数字资产。 随着概念的快速扩散，A股中涉及稳定币与RDA的相关公司股价持续攀升，资金层面频现超大单集中流 入。而在表层行情之下，公募基金的重仓动向与券商研究逻辑也正在同步变化。这一轮由政策趋势、技 术基础与市场热情共同推动的结构性行情，正重新定义数字资产在A股定价体系中的位置。 主力资金持续加码RDA概念股 稳定币概念的扩容起初来源于数字货币行业的底层结构变化，随后随着政策与产业共振，其在A股的映 射愈发清晰 ...

Group 1 - The report indicates that the current market sentiment score is 62, categorizing it as "relatively hot," suggesting a positive market outlook and potential for upward movement [5][10][22] - The report highlights three key themes: robotics, RDA (Real Data Assets), and innovative pharmaceuticals, each with specific developments and related companies [6][10] - In the robotics sector, significant contracts have been awarded, such as a 124 million yuan project for humanoid biped robots, indicating strong growth potential in this area [6] Group 2 - The RDA theme emphasizes the integration of real data with physical assets, enhancing the verification and value of these assets, which could lead to new investment opportunities [6] - The innovative pharmaceuticals theme is supported by new measures from the National Healthcare Security Administration to promote high-quality development, indicating a favorable regulatory environment for related companies [6] - The report lists specific companies associated with each theme, such as Wolong Electric Drive and Changsheng Bearing for robotics, Tongxingbao and Wanda Information for RDA, and Heng Rui Medicine and Bei Da Pharmaceutical for innovative drugs [6]

Group 1 - The report indicates that the current market sentiment score is 75, categorized as "relatively hot," suggesting a positive market outlook and potential for upward movement in stock prices [6][10]. - The report highlights three key themes: robotics, RDA (Real Data Assets), and innovative pharmaceuticals, each with specific developments and related stocks [7]. - In the robotics sector, significant contracts have been awarded, such as a 124 million yuan project for humanoid biped robots, indicating growth potential in this industry [7]. Group 2 - The RDA theme emphasizes the integration of real data with physical assets, enhancing the verification and value of these assets, which could lead to investment opportunities in related companies [7]. - The innovative pharmaceuticals theme is supported by new measures from the National Medical Insurance Administration to promote high-quality development, which may benefit companies in this sector [7]. - The report lists specific stocks related to each theme, such as Wolong Electric Drive and Changsheng Bearing for robotics, Tongxingbao and Wanda Information for RDA, and Heng Rui Medicine and Bei Da Pharmaceutical for innovative drugs [7].