Group 1 - Nanjing has launched the "Several Policies for Accelerating the Cultivation of New Quality Productivity to Promote High-Quality Development (2026 Edition)" to prioritize the "Industry Strong City Strategy" as a key initiative [1] - The policies aim to deepen the "1+4+6" industrial strategy and create a "1026" advanced manufacturing cluster system, introducing a series of breakthrough measures and comprehensive policy support [1] - The focus is on fostering new quality productivity to achieve a path of industrial growth characterized by higher quality and stronger momentum [1] Group 2 - The AI International Community in Nanjing is witnessing the integration of AI technology across various industries, with applications such as AI digital humans and AI-based traditional Chinese medicine diagnostics [3] - The "AI Space: Nanjing Artificial Intelligence International Community Construction Three-Year Action Plan (2026-2028)" aims to cultivate 2-3 landmark AI enterprises, over 10 excellent industry models, and attract more than 1,000 AI companies and teams [5] - Nanjing's AI industry is supported by a strong foundation, with 14 out of the top 20 internet companies in China establishing a presence in the city [5] Group 3 - The policies include the implementation of an "Artificial Intelligence+" action plan, establishing Nanjing as a national pilot zone for AI innovation applications [6] - The city will issue "computing power vouchers" to encourage startups and innovative enterprises to utilize intelligent computing resources [6] - Financial incentives include a one-time reward of 200,000 yuan for AI model developers and project subsidies of up to 200,000 yuan for innovative applications [6] Group 4 - Nanjing is positioned as the only national AI innovation application pilot zone in the province, with a focus on creating a replicable "Nanjing model" for AI industry development [8] - The city aims to optimize the spatial layout of AI, establishing a collaborative development framework with two core areas and several growth poles [8] - Nanjing is set to promote AI applications through regular project roadshows and the replication of successful applications across the city [8] Group 5 - The "Several Policies" emphasize the acceleration of future industry layout, focusing on sectors like 6G, brain-computer interfaces, and advanced semiconductor materials [10] - Nanjing has achieved significant milestones in 6G technology, with over ten world-first achievements and more than 30 innovative results [12] - The city anticipates that its future industries will generate over 300 billion yuan in revenue by 2025, with a strong emphasis on creating international-level pilot zones [12] Group 6 - Nanjing is developing a "scene open city" by promoting the large-scale application of new scenarios across various sectors, including industrial transformation and digital public services [15] - The city plans to release 1,000 application scenarios annually and support the promotion of first-time equipment and software [15] - A three-year action plan will be established to enhance the ecosystem for scenario publication, connection, and implementation [18]

公司坚持内生式增长和外延式发展并存的策略。龙之源是公司上市以来第一个收购 项目，后续公司也会持续关注能给公司赋能的一些其它项目，通过投资或并购提升公司 价值。 证券代码：301330 证券简称：熵基科技 熵基科技股份有限公司投资者关系活动记录表 编号：2026-03 | 投资者关系活 | 特定对象调研 | 分析师会议 | 媒体采访 | 业绩说明会 | 新闻发布会 | | --- | --- | --- | --- | --- | --- | | 动类别 路演活动 | | 现场参观 | 其他 | | | | 参与单位名称 | 中信证券、聚众鑫创投、东方证券、海融鑫投资、亚太汇金基金、中金资本、灏达投资、 | | | | | | | 民沣基金、光大证券、创华投资、中天证券、赛马资本 | | | | | | 时间 2026 年 | 1 月 28 日 | 14:00-16:00 | | | | | 地点 | 熵基科技会议室 | | | | | | | 副总经理、董事会秘书 | 郭艳波 | | | | | 上市公司接待 人员姓名 | 智慧商业产品线经理 张双 | | | | | | | 硬件开发工程师 ...

Group 1 - German companies Rheinmetall and Bremen-based OHB are planning to jointly bid to provide a satellite internet service similar to the US Starlink for the German military, with a contract value potentially reaching several billion euros [1] - The initiative aims to create a secure military-grade satellite communication network in low Earth orbit for the German armed forces [1] Group 2 - The China Academy of Information and Communications Technology has released a report indicating that the data intelligence service industry is entering a phase of deep integration, driven by technological advancements and industry demand [2] - The report emphasizes that data intelligence service capabilities are crucial for advancing the "AI+" initiative [2] Group 3 - Samsung Electronics' China Research Institute plans to invest in brain-computer interface research and technology reserves, expressing confidence in the commercialization prospects of this technology [3] - The institute focuses on cutting-edge technologies such as artificial intelligence and next-generation communication [3] Group 4 - The "High-Quality Development Initiative for Shanghai's Intelligent Computing Industry" was launched to promote the construction of new intelligent computing centers and establish a high-level intelligent cloud service system [4] - The initiative aims to create a self-controlled industrial ecosystem and position the intelligent computing industry as a new engine for Shanghai's economic development [4] Group 5 - The National Energy Administration of China has approved the establishment of seven standardization technical organizations related to power safety governance and greenhouse gas emissions management in the energy sector [5] Group 6 - The "Implementation Plan for Strengthening Disease Prevention and Control" aims to establish a modern disease control system by 2027, with improved infrastructure and enhanced public health service capabilities [6] Group 7 - Shanghai is actively implementing the "AI+" initiative to lead the digital transformation of manufacturing, with the city's intelligent computing scale surpassing 120,000 PFLOPS [7][8] - The city plans to construct a batch of intelligent computing infrastructure ahead of demand [8] Group 8 - A report by Yole indicates that global DRAM memory demand is expected to grow by 23% in 2026, with over half of this growth coming from the data center sector, which is projected to increase by 28% [9] - The current DRAM market trend is expected to continue at least until 2027 due to the time required for new capacity to come online [9] Group 9 - The Chinese sports industry is projected to exceed 5 trillion yuan by 2025, with the sports goods market reaching 2.49 trillion yuan, driven by a surge in domestic consumption and innovation [10]

Core Insights - The National Medical Products Administration of China has approved two industry standards for medical devices utilizing brain-computer interface (BCI) technology, indicating a push for high-quality development in this sector [1] - Analysts believe that the BCI field is entering a critical window for expansion from research validation to clinical and consumer applications, driven by recent innovative policies in medical devices [1] Industry Overview - Neuralink, founded by Elon Musk, is a leading player in the global BCI field, planning to scale up production of BCI devices and explore automated surgical solutions [3] - The global BCI market is projected to reach approximately $2.6 billion in 2024, with an annual growth rate of 11.5%, and is expected to expand to $3.3 billion by 2026 [3] - McKinsey forecasts that the BCI market in the medical sector could reach around $40 billion by 2030 and further grow to about $145 billion by 2040, with central nervous system disease treatment as a primary application area [3] Domestic Development - China's top-level policy design is providing crucial support for the development of BCI technology, with a goal to achieve breakthroughs in key technologies and establish a standard system by 2027 [4] - The number of companies in China's BCI sector has exceeded 200, with a projected industry scale of tens of billions of RMB by 2026 and an estimated 10-14 billion RMB by 2030 [4] - Rumors suggest that Qiangnao Technology is preparing for an IPO in Hong Kong, potentially becoming the first company among the "Hangzhou Six Little Dragons" to enter the capital market [4] Company Activities - In the A-share market, there are currently 50 listed companies in the BCI sector [5] - Botao Biological has invested in Haoshi Tianhui Technology, focusing on non-invasive BCI and mental health applications, aiming to accelerate clinical transformation and industrialization of innovative technologies [5] - Tianqi Co., Ltd. is entering the core BCI sector by investing in Suzhou Huahui Chip, focusing on high-density flexible neural electrode technology, which is crucial for domestic BCI hardware localization [6] - Innovation Medical is positioning itself in the BCI industry through its subsidiary Boling Brain Machine, which has commercialized BCI rehabilitation products [6]

Core Insights - Elon Musk's technology landscape encompasses six key disruptive technology sectors: AI, robotics, autonomous driving, commercial space, brain-machine interfaces, and new energy, representing significant investment opportunities for the next decade [2][3] - The report scores Musk's thematic investment concept at 95 out of 100, indicating strong potential across various dimensions, with an excess return of 127.44% compared to the Wind All A index from early 2025 to January 23, 2026 [8][14] Group 1: Musk's Investment Sector Layout - Musk has systematically positioned his companies, including Tesla, xAI, SpaceX, and Neuralink, across six critical technology areas that are interconnected and complementary, aiming to elevate human civilization [3][14] - The year 2026 is identified as a pivotal point for the commercialization of Musk's technology landscape, with several core projects expected to transition from development to market realization [3][14] Group 2: Investment Opportunities by Sector 1. **Robotics**: The anticipated success of the Optimus robot will drive demand across the entire robotics supply chain, presenting significant investment opportunities in upstream core components and midstream assembly [4][19] 2. **AI**: Musk's dual approach of self-developed computing power and software aims to establish a comprehensive AI ecosystem, with investment opportunities expected to focus on computing infrastructure and software applications by 2026 [25][26] 3. **Commercial Space**: The deployment of Starlink satellites and the operationalization of the Starship are set to revolutionize low Earth orbit communications, creating investment opportunities in upstream components, midstream launch services, and downstream applications [34][36] 4. **Brain-Machine Interfaces**: Neuralink's advancements in brain-machine interface technology are expected to lead to significant investment opportunities in upstream electrodes and chips, as well as midstream system integration and clinical services [43][48] 5. **Autonomous Driving**: The launch of Tesla's Robotaxi service in 2026 will validate the commercial model for autonomous driving, with investment opportunities in core computing power, algorithms, and manufacturers capable of L3+ production [56][59] 6. **New Energy**: Tesla's energy business is projected to experience explosive growth, particularly in energy storage systems, with investment opportunities in system integration, core component supply, and virtual power plant operations [62][66] Group 3: Thematic Evaluation and Stock Pool - The thematic evaluation of Musk's concept is based on eight dimensions, scoring particularly high in market capacity, policy effectiveness, and future growth potential, while the valuation level received a lower score [79][81] - A stock pool has been constructed based on six sectors: robotics, commercial space, AI, brain-machine interfaces, autonomous driving, and new energy, serving as a reference for investors [82]

资讯日报：阿里巴巴发布最新人工智能推理模型 股票市场概览 港股市场表现 美股市场表现 ⚫ 周一（1月26日），美股三大指数高开高收，集体上涨。受 地缘政治与财政风险攀升影响，避险情绪推动贵金属价格显 2026 年 1 月 27 日 资讯日报 海外市场主要股市上日表现 | 指数 | 收盘价 | 日常跌 | 間微跌 | 年初至今 | | --- | --- | --- | --- | --- | | | | (%) | (%) | 湖铁 | | | | | | (%) | | 恒生指数 | 26.766 | 0.06 | 0.06 | 4.43 | | 恒生科技 | 5,726 | (1.24) | (1.24) | 3.81 | | 恒生国企 | 9.147 | (0.15) | (0.15) | 2.62 | | ┣证指数 | 4.133 | (0.09) | (0.09) | 4.13 | | 日经225 | 53.847 | (1.79) | (1.79) | 5.06 | | 新加坡海峡 | 4.891 | (0.62) | (0.62) | 0.00 | | 标普500 | 6,950 | 0.50 ...

2025 年，四肢瘫痪患者（左）通过脑机接口系统 " 意念 " 控制轮椅。（中国科学院脑科学与智能技术卓 越创新中心供图） 中国科学院脑科学与智能技术卓越创新中心研发的侵入式脑机接口植入体（ 2025 年 3 月 22 日摄）。新华 社发（陈垚旭 摄） 让瘫痪患者用"意念"控制电脑光标、轮椅、机器狗……过去一年来，我国脑机接口技术迈入植入人 脑的新阶段，密集涌现出一批突破性进展。 作为"十五五"规划建议锚定的六大未来产业之一，脑机接口技术旨在通过在脑与机器之间建立信息 通道，实现生物智能与机器智能的协同交互。截至目前，它与人脑的交互发展到了什么程度？怎样才能 成为规模化应用的成熟产品？未来能否给大众带来普惠？ "意念"控制电脑光标、轮椅 2025年12月，中国科学院脑科学与智能技术卓越创新中心联合复旦大学附属华山医院等单位，发布 了脑机接口临床试验的新进展：一位因颈髓损伤而四肢瘫痪的患者，仅凭"意念"控制，即可坐着电动轮 椅在小区里遛弯，也能指挥机器狗取外卖。 "这是我们的第二例前瞻性临床试验。之后的第三例前瞻性临床试验进一步拓展了脑机接口的功 能，患者能控制机械臂完成喝水、进食等动作。"中国科学院脑科学与智 ...

Core Viewpoint - The market is currently experiencing a narrow range of fluctuations, with a divergence in individual stock performances, indicating a potential shift from theme-driven to fundamental-driven market dynamics, while technology growth remains the main focus [1] Group 1: Market Overview - The index continued to fluctuate within a narrow range, with over 3,400 stocks declining and only about 1,900 stocks rising, indicating a significant divergence in stock performance [1] - The total trading volume on Tuesday was 2.9 trillion yuan, which is more than a 10% decrease compared to Monday, reflecting a notable contraction in market activity [1] - Since the end of the continuous rise on January 13, the index has entered a period of adjustment, characterized by a relatively mild overall adjustment range [1] Group 2: Future Outlook - The market is expected to shift from theme-driven momentum to a focus on fundamentals, with technology growth remaining the primary driver [1] - The main driving factors for the spring market are anticipated to be an increase in market risk appetite, with future hotspots likely to be technology growth sectors supported by fundamentals [1] - Key sectors to watch include semiconductors, batteries, AI hardware, and innovative pharmaceuticals, which are expected to benefit from this shift [1] Group 3: Hot Sectors - In January, technology and raw material price increases are expected to dominate, with a strong likelihood of technology growth sectors outperforming [2] - Short-term catalysts such as commercial aerospace, brain-computer interfaces, and low-altitude economy are expected to maintain investor interest [2] - The rise in raw material prices, particularly in small metals, energy metals, and new chemical materials, is seen as a derivative opportunity from the technology investment boom [2] Group 4: Specific Trends - The trend in AI hardware is firmly established, with a continuous increase in the token usage of major AI models, indicating a peak in AI applications expected by 2026 [2] - The domestic production of robots and their integration into daily life is a confirmed trend for 2026, with opportunities arising in sensors, controllers, and dexterous hands [2] - The trend towards semiconductor localization is ongoing, with a focus on semiconductor equipment, wafer manufacturing, semiconductor materials, and IC design [2] - The demand for new energy materials is rapidly increasing due to domestic and overseas energy storage needs, with signs of supply shortages and price increases expected to continue until 2026 [2] - Innovative pharmaceuticals are entering a recovery phase after nearly four years of adjustment, with positive net profit growth for four consecutive quarters since Q3 2024, and a fundamental turning point expected in 2025 [2]

每经记者｜杨建 每经编辑｜彭水萍 （一）重要市场新闻 点评：量子计算是遵循量子力学规律来操控信息单元的一种全新计算模式。作为下一代信息技术的核心 驱动力，量子计算能够有效解决传统计算算力不足的难题，被视作引领下一代产业变革的颠覆性技术， 也成为全球科技竞争的战略焦点。技术突破、政策支持与市场需求共同驱动产业快速发展，其应用场景 从专用计算向通用计算拓展，推动金融、医药、能源等领域深度变革。量子计算产业正处于"技术驱动 向应用牵引"的关键转折期，2025-2030年将是商业化落地的黄金窗口，有望迈进千亿美元市场规模。概 念股包括科大国创、迪普科技、国盾量子等。 1、美股三大指数收盘涨跌不一，道指跌0.83%，纳指涨0.91%，标普500指数涨0.41%；科技股普涨，英 特尔涨超3%，亚马逊涨超2%。医疗保险股普跌，标普1500管理型医疗指数下跌18%，创下自1997年以 来的最大跌幅；联合健康跌超19%，CVS跌超14%。中概股涨跌不一，纳斯达克中国金龙指数涨 0.48%，爱奇艺、哔哩哔哩涨超3%，携程集团跌逾2%，小鹏汽车、理想汽车跌超1%。欧洲主要股指收 盘涨跌不一，英国富时100指数上涨0.58%，德国D ...

让瘫痪患者用"意念"控制电脑光标、轮椅、机器狗……过去一年来，我国脑机接口技术迈入植入人脑的 新阶段，密集涌现出一批突破性进展。 "意念"控制电脑光标、轮椅 2025年12月，中国科学院脑科学与智能技术卓越创新中心联合复旦大学附属华山医院等单位，发布了脑 机接口临床试验的新进展：一位因颈髓损伤而四肢瘫痪的患者，仅凭"意念"控制，即可坐着电动轮椅在 小区里遛弯，也能指挥机器狗取外卖。 "这是我们的第二例前瞻性临床试验。之后的第三例前瞻性临床试验进一步拓展了脑机接口的功能，患 者能控制机械臂完成喝水、进食等动作。"中国科学院脑科学与智能技术卓越创新中心研究员赵郑拓 说。 此前，该团队在2025年6月发布第一例前瞻性临床试验，在脑机接口的帮助下，一位因高压电事故四肢 截肢的患者实现了"意念"控制电脑光标。 记者采访了解到，对于需要植入人脑的脑机接口医疗器械，有的需要穿透硬脑膜，直接接触或插入大脑 皮层，有的仅放置在硬脑膜外，也称为半侵入式。相比而言，前者能实现的功能更强，但技术和安全性 要求更高，后者的研究和应用进展则更快。 作为"十五五"规划建议锚定的六大未来产业之一，脑机接口技术旨在通过在脑与机器之间建立信息通 ...