2025.08. 26 本文字数：2876，阅读时长大约5分钟 作者 | 第一 财经 吕倩 8月26日，芯片指数（884160.WI）探底回升，午盘涨0.02%，近一个月涨19.5%；AI算力指数 （8841678.WI）热度延续，午盘涨1.45%，近一个月涨22.47%。 消息面上，DeepSeek上周发布DeepSeek-V3.1，称此次升级是迈向Agent（智能体）时代的第一 步。DeepSeek称，DeepSeek-V3.1使用了UE8M0 FP8 Scale参数精度，并表示UE8M0 FP8是 针对即将发布的下一代国产芯片而设计。 芯片指数与AI算力指数近期持续走高背后，是AI浪潮与大模型算力需求剧增下，国产替代加速与供应 链多元化路径日渐成熟的趋势。而DeepSeek掷出FP8这颗 "魔力骰子"，不仅精准切中行业对高效 低功耗计算的迫切需求，更直接引发了一场围绕低精度计算的现象级热潮，为国产算力赛道再添一把 火。 | 指标 | FP16 | FP8 | FP4 | | --- | --- | --- | --- | | 内存占用 | 1× | 0.5x | 0.25x | | 传输效率 | 1× ...

IT之家 8 月 24 日消息，以"算网筑基智引未来"为主题的 2025 中国算力大会昨日开幕。据央视报道，中国算力平台正加快建设，目前已有山西、辽宁、上 海、江苏等 10 个省区市的算力分平台正式接入。 据介绍，中国算力平台汇聚了不同地域、不同行业的算力资源，构建算力调度"一张网"，同时可以对算力设施和数据进行全面采集和动态监测，精准掌握各 地算力发展情况。 IT之家注意到，工业和信息化部印发的《算力互联互通行动计划》提出，到 2026 年，建立完备的算力互联互通标准、标识和规则体系；到 2028 年，基本实 现全国公共算力标准化互联，形成具备智能感知、实时发现、随需获取能力的算力互联网。 数据显示，近年来，我国算力总规模年增速达到 30% 左右。在人工智能的快速发展带动下，智能算力需求呈现迅猛增长态势。中国电信研究院发布的《智 算产业发展研究报告（2025）》显示，随着人工智能大模型加速赋能行业应用和智能终端，将进一步助力智能算力产业蓬勃发展。 中国电信研究院战略发展研究所所长饶少阳表示，到 2035 年，人工智能将为我国的 GDP 贡献超过 11 万亿，大概占到 GDP 的 4% 到 5%。这个可能带动 ...

在北京，这座承载着厚重历史与现代科技交融的城市里，人工智能正以前所未有的速度蓬勃发展。作为全国人工智能技术的领跑者，北京凭借 其丰富的科研资源、顶尖的人才储备以及广泛的应用场景，正稳步迈向全球人工智能的巅峰。据统计，至2024年底，北京已吸引了超过2400家 人工智能企业入驻，核心产业规模接近3500亿元，占据了全国市场的半壁江山，北京"人工智能之都"的称号名副其实。 金秋时节，当互联网发展的浪潮与北京这座人工智能高地相遇，一场聚焦数字未来的智慧盛宴即将开启。2025北京互联网大会，以"AI赋能， 重塑北京新貌"为主题，肩负着推动北京人工智能产业创新升级的重任，即将在北京盛大举行。 2025年，不仅是党的二十大和二十届三中全会精神全面贯彻落实的关键之年，也是"十四五"规划的收官与"十五五"规划布局的重要节点。在这 个历史性的时刻，北京作为中国互联网技术的摇篮，肩负着引领行业前行的重任。本次大会由北京市通信与互联网协会主办，工信智媒体中心 协办，汇聚了行业主管部门、电信运营商、互联网领军企业等多方力量，共同擘画人工智能产业的宏伟蓝图。 三场分论坛分别围绕数字经济高质量发展、算力互联网产业创新以及AI赋能与数据安 ...

Group 1 - The core viewpoint highlights Beijing's rapid development as a global hub for artificial intelligence, with over 2,400 AI companies and a core industry scale of nearly 350 billion yuan, accounting for half of the national total [1] - The 2025 Beijing Internet Conference will focus on themes such as digital economy, computing power internet, and AI-enabled data security, aiming to inject innovative vitality into Beijing's AI development [3][4] - The conference will feature a unique structure of "1+1+3+3," including one main forum, one application achievement exhibition, three themed sub-forums, and three typical case collections [9] Group 2 - The main forum will explore the integration of digital economy and real economy, focusing on the empowerment of industries through cutting-edge technologies like AI and 5G-A/6G [10] - The application achievement exhibition will showcase the development results of Beijing's communication and internet industry over the past three years, divided into five major sections [11] - Three sub-forums will cover topics such as high-quality development of the digital economy, innovation in computing power internet, and AI empowerment with a focus on data security [14] Group 3 - The conference will invite over 300 well-known internet companies, 100 telecom value-added companies, and 50 AI model companies, establishing a comprehensive ecosystem for attracting and incubating businesses [20] - The event aims to enhance Beijing's national influence and resource aggregation through the participation of government leaders and experts who will interpret national strategies and policies [19] - The conference will also focus on high-quality presentation of application achievements, promoting the latest solutions from enterprises and enhancing their market presence [22]

Core Insights - The 2025 China Intelligent Computing Industry Ecosystem Development Conference was held in Shenzhen, focusing on how to promote high-quality development of the computing power industry through supply-demand collaboration and ecosystem building [1] - Computing power has become a core engine for industrial upgrading and innovation development amid the waves of artificial intelligence (AI) and digital transformation [1] Group 1: Industry Development - Experts emphasized the need for a unified standard for computing power interconnectivity to break down technical and industrial barriers [1] - The concept of a computing power internet aims to enhance resource interconnectivity without building a new network, focusing on upgrading existing internet functionalities [1] - Efficient integration of computing resources can unlock the industrial value of large models in vertical sectors [1] Group 2: Project Initiatives - China Communications (Zhongwei) Big Data Technology Co., Ltd. is developing the Zhongwei Smart Data Valley project, which is expected to be operational by August this year [2] - The project aims to facilitate collaboration between Shenzhen and Zhongwei, leveraging green computing power from Zhongwei and algorithmic advantages from Shenzhen [2] - The project will implement a "Western training + Eastern inference" collaborative model through the China Computing Power Network [2] Group 3: Sector-Specific Applications - The Zhongwei Smart Data Valley will provide customized computing power support for emerging industries in Shenzhen, such as intelligent connected vehicles and biomedicine [3] - Collaboration with automotive companies in Shenzhen will focus on developing an autonomous driving training platform, utilizing low-cost computing power from Zhongwei to accelerate model iteration [3] - A cross-regional data circulation mechanism will be established, ensuring compliance and security for cross-border data transmission through technologies like blockchain [3]

Investment Rating - Maintain "Add" rating for the industry [5] Core Viewpoints - The domestic optical module market is entering a performance harvest period, driven by policies and demand, with significant growth expected in the second half of the year [1][6] - Companies like Huagong Technology are experiencing capacity expansion and a surge in demand for optical modules driven by AI [2][6] - The entire optical communication industry chain is expected to benefit from the high demand, with leading companies like Zhongji Xuchuang and Xinyi Sheng likely to consolidate their market positions [3][6] - The company has successfully positioned itself with major internet players like Huawei, providing high-speed optical connection solutions for AI servers, which is expected to drive demand for optical modules [6] - The company is accelerating the construction of domestic and overseas factories to meet growing market demand, with production capacity increasing significantly [6] Summary by Sections Industry Trends - The optical module demand is continuously increasing, with overseas promotion progressing smoothly, supported by policies and market needs [6] - The company has completed the first phase of its optical module production base in Wuhan, increasing monthly production capacity from 450,000 to 700,000 units [6] Financial Performance - In Q1 2025, the company achieved a revenue of 3.4 billion, a year-on-year increase of 52%, and a net profit of 410 million, up 41% year-on-year [6] - The company has improved its cost control capabilities, with a slight increase in R&D expense ratio and decreases in management and sales expense ratios [6] Strategic Initiatives - The company is focusing on 3D printing technology through a joint venture with Luxshare Precision, aiming to explore new growth avenues in additive manufacturing [6]

Core Insights - China's information and communication industry has established a globally leading and largest-scale network, with 5G applications integrated into 86 out of 97 categories of the national economy, and the industrial internet covering all 41 industrial categories, effectively promoting the deep integration of the real economy and the digital economy [1] Group 1: Industry Growth and Infrastructure - The telecommunications business revenue reached 598.5 billion yuan in the first four months of this year, showing a slight recovery in growth [1] - As of the end of April, the total number of 5G base stations reached 4.439 million, accounting for 34.9% of mobile base stations, with 90% of administrative villages having access to 5G [2] - The number of 5G mobile phone users reached 1.081 billion, with a net increase of 66.87 million users compared to the end of last year, representing nearly 60% of mobile phone users [3] Group 2: Technological Innovation and Applications - The industry has launched the "5G Scale Application 'Sail' Action Upgrade Plan" to expand the application of 5G networks [3] - The global share of essential patents for 5G standards exceeds 42%, indicating the industry's technological strength [3] - The construction of the computing power internet has begun, enhancing the capabilities of the existing internet infrastructure to meet the demands of computing power applications [5][6] Group 3: International Cooperation and Investment - The Ministry of Industry and Information Technology has initiated pilot projects to expand foreign investment in value-added telecommunications services, with over 2,400 foreign-invested telecommunications companies established in China, a 26.5% increase from the previous year [4] - The government emphasizes the importance of meeting comprehensive innovation needs and accelerating the development of 5G-A and 6G technologies [4] Group 4: Service Enhancement and Social Impact - The integration of artificial intelligence in agriculture has significantly improved breeding efficiency, showcasing the application of new technologies in traditional industries [8] - The industry aims to enhance service capabilities and levels, focusing on digital transformation to bridge the digital divide and improve the quality of digital life for the public [10]

Group 1 - The A-share market showed a collective rise on June 5, with the Shanghai Composite Index up 0.23% to 3,384.10 points, the Shenzhen Component Index up 0.50% to 10,203.50 points, and the ChiNext Index up 1.17% to 2,048.62 points, indicating a structural market where capital is actively competing [1] - The technology sector, particularly the computing power hardware, emerged as a core driver of the market, with stocks like Qingyun Technology hitting the daily limit and others like Shengyi Electronics and Dekeli seeing gains over 15% [2] - The military and industrial sectors experienced a surge, driven by the restructuring concept of the "Zhongbing System," with multiple stocks hitting the daily limit, highlighting these sectors as key areas for short-term capital allocation [2] Group 2 - Policy incentives are a primary catalyst for market momentum, with the Ministry of Industry and Information Technology releasing the "Computing Power Interconnection Action Plan" on May 30, aiming to accelerate the integration of public computing resources [4] - Continuous breakthroughs in the industry are boosting market confidence, exemplified by Nvidia's Q1 earnings report, which reaffirmed the high demand for computing power, and significant advancements in domestic technology, such as Huawei's training of a large-scale model [4] - The focus of capital allocation is shifting towards technology, with margin financing exceeding 1.8 trillion yuan, indicating strong investor interest in tech stocks, while new funds are being launched to inject additional capital into the market [5]

Group 1 - The core viewpoint of the news is the rapid development of the artificial intelligence industry and the increasing demand for computing power resources, leading to a focus on computing power interconnectivity as outlined in the "Computing Power Interconnectivity Action Plan" issued by the Ministry of Industry and Information Technology [1][2] - The plan aims to establish a unified computing power service market in China by 2026, with a complete standard, identification, and rule system for computing power interconnectivity [1][2] - The action plan includes six key tasks, such as developing standardization guidelines for computing power interconnectivity and establishing a unified computing power identification system for efficient resource aggregation and supply-demand matching [2] Group 2 - By 2028, the goal is to achieve standardized interconnectivity of public computing power across the country, forming a computing power internet with intelligent perception and real-time discovery capabilities [2] - The plan emphasizes the application of computing power interconnectivity in various enterprise-level scenarios, including artificial intelligence, scientific computing, and remote medical services, as well as consumer-level applications like cloud gaming and smart driving [2] - As of May 17, 2023, a "Computing Power Internet Experimental Network" has been initiated, with significant progress made in resource interconnectivity and scheduling, including the identification of resources from 131 enterprises, aggregating 111.3 trillion floating-point operations per second [3]

Macro News - The Ministry of Transport held a meeting to deploy key tasks for 2025, emphasizing the need to deepen reforms in the comprehensive transportation system, focusing on railways, highways, waterways, civil aviation, and postal services [1][8] - As of May 31, 2025, the sales generated from the five major categories of consumer goods through the old-for-new policy reached 1.1 trillion yuan, with approximately 175 million subsidies issued to consumers [3] - The manufacturing PMI for May was reported at 49.5%, a 0.5 percentage point increase from the previous month, indicating a slight expansion in economic output [3] Industry Developments - The People's Bank of China announced a new cybersecurity reporting management method effective from August 1, which requires financial institutions to report incidents affecting their operations [4] - The National Energy Group issued a statement warning the public about fraudulent activities impersonating the group, clarifying that it has not established any "expansion centers" or engaged in investment activities [2][5] - The Ministry of Industry and Information Technology released an action plan for computing power interconnectivity, aiming for standardized interconnectivity by 2028 [7] Market Trends - Recent data shows that the average price of new residential properties in 100 major cities rose by 0.30% month-on-month in May, while second-hand residential prices fell by 0.71% [15] - Fund distribution data indicates that 2,875 funds have announced or implemented dividends this year, with a total dividend amount increasing by 39.44% compared to the same period last year [13] - The ETF market saw significant inflows into blue-chip and growth-style ETFs, with notable net subscriptions reported for several funds [14] Company News - NIO's legal department refuted false information regarding stock changes of its co-founder, emphasizing that no changes occurred [20] - Xiaomi announced the opening of 29 new stores in May, with plans for 37 more in June, expanding its presence across multiple cities [20] - JD.com reported that its full-time delivery rider count has surpassed 100,000, with plans to increase to 150,000 [18]