证券代码：002990 证券简称：盛视科技 盛视科技股份有限公司 投资者关系活动记录表 编号：2025-005 首先，可充分发挥国内的供应链和成本优势，国内在机 器人零部件生产方面具有强大的供应链优势，特别是减速器、 伺服电机等关键部件的生产能力较强，能够提供成本效益较 高的零部件，进而有效降低原 Aldebaran 公司机器人的成本。 另一方面，可充分发挥双方的场景落地优势。Aldebaran 公司在欧洲及全球其他地区已经拥有一定的市场份额和客户 资源，尤其是在教育、商业服务、医疗等领域有较高的知名 度。作为智慧口岸的领先企业，口岸的智能查验和智慧通关 场景为机器人的应用提供了广阔的场景，此外，基于在智慧 口岸的业务积累，公司将业务延伸至智能交通、智慧机场、 智慧港口、智慧城市管理等场景，并在海外市场取得了重大 突破，海外业务已覆盖至阿联酋、沙特阿拉伯、阿曼、卡塔 尔、尼日利亚、科特迪瓦、肯尼亚、塞内加尔、埃塞俄比亚、 埃及、印度尼西亚、柬埔寨、泰国、吉尔吉斯斯坦、哈萨克 斯坦等多个国家，这些都为机器人业务落地奠定了良好的基 础。通过发挥双方的场景落地优势，可有效推动人形机器人 在 toB、toC 和 to ...

步入第二季度，尤其是 5 月之后，创新药板块异军突起，成为市场的焦点。随着人们健康意识的不断提高以及对医疗技术进步的迫切需求，生物科技领域展 现出了巨大的发展潜力。大量资金如潮水般涌入该领域，推动创新药研发进程不断加速，相关企业的市值也随之水涨船高。这一趋势反映出市场对于具有高 增长潜力行业的敏锐洞察力和积极投资热情。 在全球经济格局中，外资对中国市场的态度至关重要。值得欣喜的是，当前外资普遍对中国市场持乐观态度。他们看到了中国庞大的消费市场、不断优化的 营商环境以及持续推进的科技创新。与此同时，国内机构也纷纷表示对下半年 A 股市场充满信心。多家券商预测，下半年 A 股有望走出 "先震荡、后向上" 的行情，新消费、科技等板块依然是投资的热门方向。 2025 年已悄然过半，在这半年里，全球市场风云变幻，地缘政治环境的复杂波动、科技领域的突飞猛进以及行业板块的轮动发展，都深刻影响着经济走 向。进入下半年，市场将呈现怎样的态势？哪些领域又将成为推动经济增长的新风口？ 开年之际，以 DeepSeek 为代表的科技力量成为市场的闪耀之星。在人工智能领域，DeepSeek 凭借其突破性的技术成果，成功吸引了全球目光。其 ...

7月11日，科创芯片午后震荡走强，截至14:18，科创芯片50ETF(588750)上涨2%。资金持续布局高景气的科创芯片板块，科创芯片50ETF(588750) 连续2日获资金净流入超2000万元。 上证科创板芯片指数(000685)强势上涨2.06%，成分股寒武纪(688256)上涨6.06%，盛科通信(688702)上涨5.43%，峰岹科技(688279)上涨5.28%，华 虹公司(688347)，思瑞浦(688536)等个股跟涨。 【科创芯片50ETF(588750)标的指数前十大成分股】 | 序号 | 代码 | 名称 | 申万—级行业 | 涨跌幅 | 成交额 | 估算权重 ▼ | | --- | --- | --- | --- | --- | --- | --- | | 1 | 688981 | 中芯国际 | 甲子 | 3.46% | 35.30亿 | 10.27% | | 2 | 688041 | 海光信息 | 电子 | 2.19% | 24.95亿 | 9.89% | | 3 | ୧୫୫25୧ | 寒武纪-U | 电子 | 6.06% | 56.77 Z | 8.71% | | র্ব | 68 ...

2025年，国产GPU站在新一轮技术与资本的交汇点。成立仅五年的摩尔线程，正式冲刺科创板IPO，成 为这一浪潮中的标志性事件。 这家坚持自研路线、主攻"全功能GPU"的芯片企业，通过稳健的技术迭代和系统性市场验证，成为国内 半导体的新生力量。 在资本与技术双轮驱动之下，GPU这一高技术壁垒、长周期、高投入的赛道，正成为国产芯片企业真正 比拼"硬实力"的主战场。尽管与国际巨头仍有代际差距，但摩尔线程在关键技术点已实现局部突破。 凭借持续研发，并深化AI技术创新，摩尔线程成为国产GPU的"技术长跑"中的标杆。而它的发展路径， 也为中国高端芯片的自主创新，提供了一种可能的范式样本。 "全能型"硬核玩家 摩尔线程的起点，并非"做一张显卡"，而是构建一套完整、自主、面向未来的GPU计算平台。区别于大 多数AI加速卡仅面向单一计算任务，摩尔线程选择了难度最高、通用性最强、最稀缺的"全功能GPU"路 径。 根据功能结构划分，GPU可分为图形GPU、GPGPU（通用计算GPU）与全功能GPU。所谓"全功能 GPU"，并非仅具备图形渲染或AI训练能力，而是同时实现图形图像处理、AI张量计算、物理仿真和超 高清视频编解码等多种任 ...

今日必读⛳美国务卿拟与中国外长会晤🏀华为或向中东出口AI芯片🛶美财长辣评特朗普与索罗斯获取免费中文电子报《彭博财经早茶》，洞悉全球市场动态。Catch up on what's moving China's markets in our free Chinese language newsletter. https://t.co/taSgHYGSNO ...

Core Viewpoint - Kunlun Core has recently completed a new round of financing, but there is a noticeable divergence in information disclosure, with investors and financial advisors announcing the news while Kunlun Core remains silent, raising questions about the underlying issues [1][2]. Financing Situation - Kunlun Core's latest financing round has seen participation from various investors, including Shanghe Momentum Capital and Shanzheng Investment, with the latter confirming their involvement just a day before the announcement by Shanghe [1]. - The company has undergone six rounds of financing since its establishment, with Baidu remaining the largest shareholder, though its stake has been diluted from 76.17% to 67.49% [4][6]. IPO Context - The financing is taking place against the backdrop of a surge in domestic GPU and AI chip companies preparing for IPOs, with nearly ten companies expected to file for listings soon, collectively referred to as the "Chinese Nvidia" [6][9]. - The current market conditions have made it difficult for GPU projects to attract investment, with many investors expressing reluctance to invest in the GPU sector due to significant losses reported by existing companies [7][9]. Product Development and Market Position - Kunlun Core, which originated from Baidu's smart chip division, has launched its first and second-generation chips, with plans for a third-generation chip (P800) set for release in 2025 [11]. - The company has achieved a notable milestone by creating a fully self-developed 30,000-card cluster capable of training large models, which is a significant achievement in the domestic market [11][13]. Competitive Landscape - In terms of performance, Kunlun Core's P800 ranks among the top in the domestic market, but it still lags behind some competitors like Birun's BR100, which boasts superior specifications [18][19]. - According to IDC, Kunlun Core ranks second in the domestic AI accelerator card market, although the accuracy of this data has been questioned by industry insiders [19][20]. Production Capacity and Future Outlook - The production capacity required to meet the projected demand for Kunlun Core's products is substantial, with estimates suggesting that 1,400 wafers would be needed to achieve the anticipated output [20]. - The upcoming regulatory changes may impact the production capacity of domestic AI chip companies, making it crucial for them to secure sufficient manufacturing resources to maintain their market positions [21].

Core Viewpoint - The article discusses the valuation and potential risks associated with the GPU company Muxi Integrated Circuit, which has a post-financing valuation of 21 billion yuan and is seeking to raise 3.904 billion yuan through its IPO. The focus is on whether the company's high valuation is justified or merely an illusion based on its financial performance and product dependency [2][28]. Group 1: Revenue Dependency and Risks - Muxi's revenue is heavily reliant on a single product, with over 97% of its income coming from one source, raising concerns about sustainability [3][7]. - The company reported a compound annual growth rate (CAGR) of 4074% from 2022 to 2024, with expectations for 2025 revenue to exceed 1 billion yuan, but this optimism is tempered by product structure issues [5][7]. - The revenue from Muxi's IP licensing business saw a dramatic decline of 95% from 2023 to 2024, indicating instability in its revenue streams [7][19]. Group 2: Customer Base and Related Transactions - Muxi's top five customers are also its shareholders, leading to potential conflicts of interest and questions about the sustainability of these relationships [10][15]. - The company’s major clients include Shanghai Yuanlu Jiajia Information Technology Co., which has a significant stake in Muxi, raising concerns about the nature of their transactions [11][15]. - The revenue contribution from major clients is substantial, with the top client contributing nearly 40% of the revenue in the first quarter of 2025, but the long-term stability of these relationships remains uncertain [16][18]. Group 3: Supply Chain and Product Development - Muxi is transitioning to a domestic supply chain for its new GPU products, which may introduce performance and cost challenges compared to its current suppliers [21][24]. - The upcoming C600 GPU is expected to have advanced features, but the acceptance of new products by customers is uncertain due to potential adaptation costs [22][26]. - The company aims to achieve breakeven by 2026, indicating a strategic shift in operations and product offerings to enhance competitiveness in the market [27][28].

几天前，英伟达再一次创造了历史。 7 月 3 日，英伟达市值短暂攀上 3.92 万亿美元，超越了苹果此前保持的 3.915 万亿美元纪录，成为有史以来市值最高的上市公司。AI 算力的狂飙猛进，把 这家 GPU 厂商推向了前所未有的高点。 尤其是自 2024 年底，性能与能效双双跃进的 Blackwell 平台开始出货后的销售表现，打破了外界的疑虑，英伟达创始人兼 CEO 黄仁勋在最新财报电话会议 上表示，仅在 2025 年第一季度，这套新平台就已经贡献了英伟达数据中心收入的近七成。 但就在英伟达市值冲顶、光环加身之时，来自生态内部的裂缝也在浮现。最典型的例子，正是英伟达的重要客户—— OpenAI。几乎就在英伟达市值达到高 峰的同时，The Information 援引 OpenAI 内部人士称，OpenAI 正在使用谷歌自主研发的 TPU 芯片来为 ChatGPT 及其其他产品提供算力支持。 TPU 服务器，图/谷歌 虽然后续的回应中 OpenAI 刻意淡化了「转向」，强调是测试且「暂无大规模采用计划」。但对于一家曾亲手定义 AI 新时代的公司来说，哪怕只是「测 试」，也足以引发市场的高度敏感。 与此同时， ...

点击按钮▲立即报名 特朗普给日韩等14国发信威胁征税 当地时间7月7日，美国总统特朗普发信函给日韩及南非等14国威胁征税，随后，他又签署行政令，延长"对等关税"暂缓期至8月1日。3个月来， 美国就加征所谓"对等关税"与多个贸易对象进行谈判，但进度显著不及美方预期。目前仅与英国、越南达成贸易协议，但协议细节仍待敲定，与 欧盟、日本、韩国、印度等的谈判进展艰难。 按照信件内容，日本、韩国、马来西亚、突尼斯、哈萨克斯坦将被征收25%的关税，南非和波黑将被征收30%的关税，印度尼西亚将被征收32% 的关税，塞尔维亚和孟加拉国将被征收35%的关税，泰国和柬埔寨将被征收36%的关税，老挝和缅甸则面临高达40%的关税。特朗普警告称，如 果日韩两国以提高关税作为回应，美国也将在25%的基础上再提高同等额度的关税。（央视新闻） ｜点评｜ 美国"对等关税"的三个月宽限期已到，美国仅与寥寥数个国家达成了有限的贸易协定，美国大部分主要贸易伙伴的谈判都陷入了僵 局。特朗普不仅想要以"对等关税"作为由头，向贸易伙伴们加征关税，还希望以少加关税换取更多有利于美国的条件。在如此苛刻前提下，贸 易谈判很难有结果，特别是正处于政府换届期的日韩两 ...

Key Takeaways XPEV has launched deliveries of its new G7 SUV just days after its official market debut. The G7 includes XPeng's Turing AI chip with 2,250 TOPS, the highest in any smart EV to date. XPEV aims to sell 100,000 G7s annually, projecting 55,000 units in the second half of 2025.XPeng Inc. (XPEV) has begun delivering its newly launched G7 SUV, just days after its official debut. He Xiaopeng, chairman and CEO of XPeng, personally handed over some of the first vehicles to customers in Shanghai, per ...