（来源：上观新闻） 作为享誉海内外的经典旅游目的地，夫子庙—秦淮风光带近年来持续"圈粉"，以传统文化为内核，借科 技之"翼"，载文化之"魂"，加快文商旅融合的脚步，创新形式不断打造新玩法、新场景，让这座千年文 电影中的悬崖所在地，正是陶家村的废弃矿坑。电影不仅带火了陶家村，也让更多人知道这里盛产黄铁 矿。大家把这里作为天然矿场，体验"当矿工的快乐"。他们在一处峭壁林立的矿坑里，各自用手上的工 具敲打着地面的石块，期待着能够砸出黄铁矿。人最多时，整个山谷里有超百人在同时挖矿，狭窄的村 道上也停满了车。 黄铁矿俗称"愚人金"，和黄金完全是两种东西。正常情况下，黄铁矿对人体无害，但它暴露在空气和水 中容易氧化，形成酸性排水，存在潜在污染。 当地目前已经采取了封矿的措施，并组织人手加强管理。相关负责人表示，出于安全的考虑，他们只能 临时关闭矿坑，欢迎大家等项目开发完成后再过来体验。至于大家关心的项目开发是否会保留"挖矿"元 素，另一位负责人表示，既然大家都这么喜欢，我们也会考虑的，希望大家再耐心等等。 2、夫子庙拿下全国第一，钟山拿下全国第三 2月24日，中国旅游研究院发布的相关调研报告显示，春节假期全国重点旅游景区 ...

"十五五"规划将脑机接口列为未来产业六大方向之一，政策支持上升至国家战略层面;同时临床技术不 断突破，阶梯医疗于2025年6月成功开展了我国首例侵入式临床试验，标志着我国在侵入式脑机接口技 术上成为全球第二个进入临床试验阶段的国家，并于2025年11月正式进入"创新医疗器械特别审查程 序"，正式打通了从"实验室"走向"市场"的注册审批快车道，产业发展将进入加速期。 智通财经APP获悉，中邮证券发布研报称，2025年，中国AI大模型产品形态进入成熟期，成为市场爆发 的直接推动力，模型的可用性与商业化潜力亦持续上升。AI应用在toB端与toC端均在持续增长。此外， 多种新科技持续发展推进，商业航天市场空间广阔，脑机接口产业发展将进入加速期，量子计算国家战 略引领下已形成千帆竞发的产业布局热潮，市场空间广阔。 中邮证券主要观点如下： AI大模型 2025年，中国AI大模型产品形态进入成熟期，成为市场爆发的直接推动力，低成本、高性能的技术基 础形成了从底层支撑市场高速增长的关键条件，为MaaS和企业大模型的广泛应用创造了可持续的商业 化环境;多模态模型的快速迭代将AI应用从单一文本生成扩展至图像、视频、语音等复合场景 ...

证券研究报告 把握AI主线，重视新科技 ——计算机行业2026春季投资策略 行业投资评级：强于大市|维持 孙业亮/刘聪颖 中邮证券研究所 计算机团队 中邮证券 1 1 发布时间：2026-02-25 投资要点 AI大模型：2025年，中国AI大模型产品形态进入成熟期，成为市场爆发的直接推动力，低成本、高性能 的技术基础形成了从底层支撑市场高速增长的关键条件，为MaaS和企业大模型的广泛应用创造了可持续 的商业化环境；多模态模型的快速迭代将AI应用从单一文本生成扩展至图像、视频、语音等复合场景，提 升了模型的可用性与商业化潜力；同时，各大厂商通过推出通用基座模型、行业专属模型及低门槛API服 务，构建了完整的产品矩阵，极大降低了企业和开发者的接入成本；企业对AI价值的认知日益成熟，数字 化和智能化转型需求持续增长，推动客户需求从概念验证阶段进入规模化生产阶段，企业对于大模型的调 用频次和覆盖场景不断增加，从而带动MaaS平台和AI大模型解决方案市场进入了"结构性放量"周期。 AI应用：toB端，AI Agent是大模型重要的商业落地形式，已在客服、代码开发、营销、数据分析、金 融服务等多行业、多场景实现服务落地 ...

Group 1: Company Developments - Huawei aims to achieve sales revenue exceeding 880 billion yuan by 2025, with over 40 million devices running HarmonyOS and more than 75,000 native applications available [2] - Liu Qiangdong announced a 5 billion yuan investment in the yacht industry through his new brand Sea Expandary, planning to establish a manufacturing base in Zhuhai and a headquarters in Shenzhen [3] - Microsoft introduced "Project Silica," a glass-based storage technology capable of storing 4.8TB of data, which can last over 10,000 years under room temperature conditions [4] - Amazon plans to invest 12 billion USD in Louisiana to build its first data center campus, creating 540 full-time jobs and supporting an additional 1,710 jobs [5] - DJI filed a lawsuit against the FCC regarding its decision to list DJI products on the "Covered List," claiming procedural flaws and lack of evidence [7] - Xiaomi won a lawsuit against a media account for defamation, resulting in a compensation of 5 million yuan [8] Group 2: Industry Innovations - AMD and Meta expanded their strategic partnership with a 6GW agreement to power Meta's next-generation AI infrastructure using AMD Instinct GPUs [10] - ASML announced a breakthrough in EUV lithography technology, increasing light source power from 600W to 1000W, potentially boosting chip production by 50% by 2030 [11] - The Anhui Quantum Computing Engineering Research Center launched China's first open-source quantum computing operating system, "Benyuan Sinan," which is compatible with various mainstream technologies [9] - Hui Xi Intelligent completed over 800 million yuan in Pre-B round financing, focusing on AI chip development and achieving successful mass production of its flagship chip R1 [17] - Unitree Technology released a new quadruped robot, Unitree As2, with enhanced performance and capabilities for navigating complex terrains [18]

Market Overview - The three major indices opened higher, with the Shanghai Composite Index rising by 0.87% and the Shenzhen Component Index increasing by 1.36%[1][2] - The total trading volume exceeded 2.2 trillion yuan, showing a slight increase compared to the pre-holiday period[1] Sector Performance - Cyclical sectors such as oil and gas, precious metals, chemicals, and energy led the gains, while consumer and gaming-related sectors experienced declines[1] - Long-term bullish sentiment remains for the precious metals market, driven by risk aversion, although short-term volatility is expected[1] Fund Flows - On February 24, net inflows were 26.55 billion yuan for the Shanghai Stock Exchange and 20.57 billion yuan for the Shenzhen Stock Exchange[4] - The top three sectors for fund inflows were power grid equipment, communication equipment, and components, while software development, IT services, and film and television sectors saw the largest outflows[4] Economic Indicators - During the 2026 Spring Festival, 17.8 million people crossed borders, with a daily average increase of 10.1% compared to last year[5] - The consumption upgrade program benefited 30.53 million people, generating sales of 204.54 billion yuan, with smart and green products seeing significant demand growth[6] Interest Rates - The February Loan Prime Rate (LPR) remained unchanged at 3.5% for five years and 3% for one year[7] Industry Developments - The 2026 Spring Festival box office reached 5.752 billion yuan, making China the leading global film market with total box office exceeding 1.2 billion USD[9] - The first domestically developed quantum computing operating system "Benyuan Sinan" is now available for online download, marking a significant advancement in China's quantum computing ecosystem[10] Fund Performance - As of February 23, 481 funds that had negative returns last year have turned positive this year, with 19 funds exceeding a 20% increase[11][12] - 27 funds issued warnings about premium risks, particularly among overseas-themed QDII products[13]

（一）重要市场新闻 1、美股三大指数集体收涨，纳指涨1.04%，标普500指数涨0.77%，道指涨0.76%；大型科技股多数上 涨，AMD涨超8%，英特尔涨超5%，特斯拉、奈飞、苹果涨超2%，微软、亚马逊涨逾1%，英伟达、 Meta小幅上涨，谷歌小幅下跌；PayPal两个交易日累计上涨13%，创2022年以来最大同期涨幅。中概股 多数上涨，纳斯达克中国金龙指数涨1.37%，小鹏汽车涨超6%，霸王茶姬涨近5%，金山云涨超4%。欧 洲三大股指收盘涨跌不一，德国DAX指数跌0.02%报24986.25点，法国CAC40指数涨0.26%报8519.21 点，英国富时100指数跌0.04%报10680.59点。 2、国际油价小幅震荡，截至发稿时，美油主力合约跌0.17%，报66.2美元/桶；布油主力合约涨0.17%， 报71.23美元/桶。国际贵金属价格走低，截至发稿时，现货黄金跌1.37%，报5154.83美元/盎司， COMEX黄金期货跌0.94%，报5176.4美元/盎司；现货白银跌1.32%，报87.05美元/盎司，COMEX白银期 货涨0.73%，报87.22美元/盎司。 （二）行业掘金 1、2月24日，据新 ...

"本源司南"由本源量子计算科技（合肥）股份有限公司自主研发，2021年首次发布。目前已部署在我 国"本源悟空"系列量子计算机上并对外开放。 （文章来源：人民日报） 本报合肥2月24日电 24日，安徽省量子计算工程研究中心宣布：我国首款自主研发量子计算机操作系 统"本源司南"正式开放线上下载。这是全球首个开放下载的量子计算机操作系统，将有效降低开发门 槛，加速我国量子计算生态自主化建设。 ...

（来源：市场星报） 据介绍，量子计算机操作系统是量子计算机的"大管家"，不仅承担着资源调度、软硬件协同管理等核心 职能，还具备量子任务并行计算、量子比特自动校准等关键能力，能够显著提升量子计算机整机运行效 率。 "当前国际范围内尚无成熟量子计算机操作系统完全开放本地下载部署——美国IBM、谷歌等科技巨头 仅提供Qiskit、Cirq等量子编程框架与云服务，底层操作系统并未对外开放。"相关负责人表示，"本源 司南"则通过统一编程接口与标准化驱动体系的开放，打破了量子计算核心软件的技术壁垒，让全球科 研机构、高校及开发者都能够便捷获取中国自主量子计算机操作系统。 "本源司南"研制团队负责人窦猛汉介绍："用户只需要通过'本源量子'官方网站完成下载，借助一键式自 动化脚本即可快速完成本地部署，高效对接多种物理体系量子芯片，并依托QPanda等自主编程框架开 展量子编程，在不同物理体系量子芯片上执行量子计算任务，满足科研探索与商业化应用需求。" 安徽省量子计算工程研究中心主任郭国平教授表示："量子计算机操作系统是量子计算生态构建的'软心 脏'，'本源司南'面向全球开放下载，标志着我国量子计算产业正从技术攻坚迈向生态体系 ...

明日主题前瞻 1、银发经济 | 据新华社，在24日举行的国务院常务会议上，研究推进银发经济和养老服务发展有关工作。会议指出，我国银发经济潜力很大，要完善支持 举措，强化政策落实，促进养老事业和养老产业发展，为应对人口老龄化提供有力支撑。要进一步释放银发消费需求，提升消费能力发挥消费补贴等政策牵 引作用，打造一批银发消费新场景新业态。 点评：研究机构认为，2023年中国养老产业市场规模约为12万亿元，预计到2027中国养老产业市场规模有望超过20万亿元。其中，养老服务业涵盖着老年人 衣食住行，医疗服务，生活照料和学习娱乐，具有涉及面广，产业链长和贴近老年人需求等特点，是中国养老产业市场重要细分市场，具有广阔的发展前 景。在政策与市场双轮驱动下，养老服务业面临全新机遇。 2、航天 | 据新华社，为更便捷部署专用于人工智能(AI)的数据中心卫星网络，美国太空探索技术公司首席执行官埃隆。马斯克设想，从月球用电磁弹射方式 向地球轨道发射卫星。据法国未来科学网站报道，马斯克有意在月球建造一台巨型电磁弹射装置和一座卫星组装厂，由前者发射卫星进入地球轨道。未来科 学网站的报道认为，从理论上说，马斯克从月球发射卫星的设想并非全 ...

Core Insights - China's future industry innovation is making significant progress, with 5 categories of 6G typical scenarios and 14 key capability indicators adopted by the International Telecommunication Union [1] - The global market share of humanoid robots produced in China exceeds 80% [1] - China ranks among the top tier in quantum computing, being the only country to achieve "quantum computing superiority" in both optical quantum and superconducting technology [1] - The country leads in non-invasive brain-computer interface technology, holding the highest number of patents and applications in various fields [1] - China maintains the largest scale in hydrogen production and consumption, as well as renewable energy hydrogen production capacity [1] - Approximately 20 provinces, including Beijing, Shanghai, Guangdong, and Jiangsu, have introduced policies related to future industries, with 63 pilot zones established in 8 provinces [1] Challenges - The future industry in China faces several risks, including insufficient original innovation capabilities, reliance on foreign core technologies, poor technology transfer, and an underdeveloped innovation ecosystem [2] - There is a need for a problem-oriented approach to strengthen weaknesses, mitigate risks, and enhance advantages in the future industry [2]