智通财经APP获悉，黑芝麻智能(02533)逆市涨超4%，截至发稿，涨3.66%，报22.12港元，成交额 9027.66万港元。 据介绍，华山系列自面市以来，其性能得到产业链的广泛认可，黑芝麻智能已与东风、吉利、红旗、江 淮等国内外知名车企深度协同，将辅助驾驶技术成功落地于量产车型。华山A2000采用大核架构、算法 协同设计，经过系统级调优，得益于黑芝麻智能最新九韶NPU，其实测性能媲美全球最高性能智驾芯 片。未来，该芯片将会赋能智能辅助驾驶VLM/VLA等应用，以及座舱AI Box应用。 消息面上，据黑芝麻智能官微消息，1月6日，CES 2026在拉斯维加斯拉开帷幕，公司于展会上集中展 示在辅助驾驶、具身智能与消费电子三大领域的最新成果，全方面展示以AI芯动力赋能智能产业的实 力。展会现场，华山A2000全场景通识辅助驾驶的深度功能演示台架首次亮相。 ...

【导读】亚辉龙、英集芯因涉及"脑机接口"信息披露不准确收到监管函 亚辉龙：关键表述前后不一致 亚辉龙在1月6日收盘后自愿披露与深圳脑机星链科技有限公司的《战略合作框架协议》，称双方将在产品研发、市场推广以及股权投资等方面开展合 作，并披露后者为"深耕非侵入式与侵入式双技术路径的领先企业"。 经上交所督促，亚辉龙于当日晚间又发布《关于自愿披露签署战略合作框架协议的补充公告》。 亚辉龙在补充公告中表示，脑机星链目前在研产品的技术路线为非侵入式技术路径，尚无侵入式技术布局，且脑电采集分析仪等产品尚未进入注册申报 阶段，有的产品尚处于早期研发阶段或临床前阶段。 中国基金报记者 牛思若 1月7日晚间，脑机接口概念股亚辉龙、英集芯及其有关责任人被上交所予以监管警示，均因在披露涉及"脑机接口"业务信息时存在不准确、不完整的情 形。 | 证券代码 | 证券简称 | 监管类型 | 外理事由 | 涉及对象 | 外理日期 | | --- | --- | --- | --- | --- | --- | | 688575 | 亚辉龙 | 监管警示 | 关于深圳市亚辉龙生物科技股份有 | 上市公司,董秘 | 2026-01-07 | | ...

亚辉龙 ： 关键 表述前后不一致 亚辉龙 在 1月6日收盘后自愿披露与深圳脑机星链科技有限公司 的 《战略合作框架协议》， 称双方将在产品研发、市场推广以及股权投资等方面开展合作，并披露后者为"深耕非侵入式 与侵入式双技术路径的领先企业"。 经上交所督促，亚辉龙于 当日 晚间又发布《关于自愿披露签署战略合作框架协议的补充公 告》。 【导读】亚辉龙、英集芯因涉及"脑机接口"信息披露不准确收到监管函 中国基金报记者 牛思若 1月7日晚间， 脑机接口概念股 亚辉龙、英集芯 及其 有关责任人被上交所予以监管警示， 均因 在披露涉及"脑机接口"业务信息时存在不准确、不完整的情形。 | 证券代码 | 证券简称 | 监管类型 | 外理事由 | 涉及对象 | 处理日期 | | --- | --- | --- | --- | --- | --- | | 688575 | 亚辉龙 | 监管警示 | 关于深圳市亚辉龙生物科技股份有 | 上市公司,董秘 | 2026-01-07 | | | | | 限公司的决定书 | | | | 688209 | 英集示 | 监管警示 | 关于深圳英集芯科技股份有限公司 | 上市公司,董秘 | 20 ...

Summary of the Conference Call on Liquid Cooling Industry and NVIDIA's Ruby Platform Industry Overview - The liquid cooling industry is undergoing significant changes due to advancements in cooling technologies, particularly with NVIDIA's Ruby platform, which aims to innovate heat dissipation methods and reduce reliance on traditional cooling systems [1][3][11]. Key Points on NVIDIA's Ruby Platform - **Integration of Cooling Technologies**: The Ruby platform merges three small boards from the GB300 into a single large board, indicating breakthroughs in insulation or interface materials. It employs high-temperature water cooling technology (45 degrees Celsius inlet) to potentially replace traditional liquid-liquid exchange systems, eliminating the need for chillers [1][2]. - **Production Timeline**: Although NVIDIA announced early production at CES, large-scale production is not expected until November 2026. Currently, only small batch production is underway, with further adjustments anticipated over the next nine months [1][4]. - **Cooling Development Path**: NVIDIA's cooling solutions have evolved from air cooling to full liquid cooling, with a gradual transition aimed at accumulating experience. The Ruby platform does not yet utilize advanced technologies like dual-sided cold plates or microchannel technology due to developmental delays [1][6][7]. - **Performance Metrics**: The new products feature training performance of 35 and inference performance of 50, comparable to AMD's I455, but NVIDIA maintains an overall performance advantage due to ecosystem support [1][9]. Innovations and Challenges - **High-Temperature Water Cooling Impact**: This technology has led to a 6% reduction in data center energy consumption, significantly affecting the industry landscape. However, it has negatively impacted refrigerant and related equipment companies, causing stock prices to drop by approximately 20% [3][11]. - **Cooling System Simplification**: The use of 45-degree water simplifies the cooling system by eliminating the need for traditional chillers, thus reducing complexity and maintenance costs. This method is effective in non-extreme environments [14][15]. - **Future Improvements**: There is potential for further enhancements in liquid cooling methods, particularly through the adoption of microchannel technology, which could significantly improve cooling efficiency [12][24]. Market Dynamics and Competitive Landscape - **Competitive Pressures**: NVIDIA faces competition from companies like AMD, Google, Cambricon, and Huawei, necessitating a rapid release schedule despite some technologies not being fully mature [1][9]. - **Challenges in Heat Dissipation**: The complexity of heat dissipation, especially with technologies like HBM and optical modules, remains a significant challenge, as cooling technologies have not kept pace with rapid advancements in chip technology [20][21]. Conclusion - The Ruby platform represents a significant step forward in liquid cooling technology, with its innovative approaches and potential market impact. However, challenges remain in production timelines, competitive pressures, and the need for ongoing technological advancements in cooling solutions [1][3][11].

中芯国际A股涨2.7%，港股涨3.1%。摩根士丹利称看好该公司，因其是"中国人工智能本地化的关键支 持者"，并称因先进逻辑芯片需求将保持强劲，对中国芯片设备企业持积极看法。 ...

Group 1 - The core viewpoint of the news is that Youxun Co., Ltd. has shown significant trading activity and financial performance, with a notable increase in shareholder numbers and revenue growth [1][2]. Group 2 - On January 7, Youxun's stock price increased by 3.36%, with a trading volume of 684 million yuan. The margin trading data indicates a net margin buy of -4.17 million yuan for the day [1]. - As of January 7, the total margin trading balance for Youxun is 594 million yuan, accounting for 19.64% of its market capitalization [1]. - The company specializes in the research, design, and sales of optical communication front-end transceiver chips, with its main revenue sources being transceiver chips (85.54%), transimpedance amplifiers (12.68%), and other chip types [1]. Group 3 - As of December 19, the number of shareholders for Youxun reached 18,600, an increase of 843.18% compared to the previous period, with an average of 809 circulating shares per shareholder [2]. - For the period from January to September 2025, Youxun reported a revenue of 357 million yuan, representing a year-on-year growth of 18.33%, and a net profit attributable to shareholders of 72.94 million yuan, up 17.11% year-on-year [2].

早盘算力芯片概念走强 ，海光信息涨近10%，华东重机、东芯股份、云天励飞、寒武纪、摩尔线程冲 高。 ...

Group 1: Central Bank and Economic Policies - The People's Bank of China has increased its gold reserves for the 14th consecutive month, reaching 74.15 million ounces (approximately 2306.323 tons), with a month-on-month increase of 30,000 ounces (about 0.93 tons) [1] - The Ministry of Industry and Information Technology and eight other departments have issued an implementation opinion to promote the development of intelligent chips, focusing on key technologies such as high-end training chips and AI servers [1] - Multiple departments held a meeting to discuss the battery industry, aiming to regulate competition and promote high-quality development in the lithium battery sector [1] Group 2: Pharmaceutical and Regulatory Updates - The National Medical Products Administration has optimized the review and approval process for urgently needed overseas drugs to meet clinical demands, encouraging simultaneous R&D and application in China [2] - The Ministry of Commerce has initiated an anti-dumping investigation into imported dichlorodihydrosilane from Japan, with the investigation period set from July 1, 2024, to June 30, 2025 [2] Group 3: Company-Specific Developments - Guanglian Aviation plans to acquire a stake in Tianjin Yuefeng to engage in the R&D and manufacturing of core components for commercial rockets, with significant revenue contributions from national tasks [3] - Shenzhen Yihong Technology has received a regulatory warning from the Shanghai Stock Exchange for misleading disclosures regarding its strategic cooperation with Brain Machine Starlink Technology [4] - Shenzhen Yingjixin Technology has also received a regulatory warning for inaccurate disclosures about its brain-computer interface chip, which is still in the market cultivation phase [6] - Fenglong Co. has announced that it may apply for a trading suspension if its stock price continues to rise abnormally, following a significant increase in its stock price over recent trading days [7] - Chengdi Xiangjiang has reported a projected revenue decrease of approximately 1.092 billion yuan due to changes in the investment conditions of a data center project [7] - Zhenxin Technology's subsidiary has been banned from participating in procurement activities in the Western Theater for three years due to collusion in bidding [9] - Koushijiao has projected a 50%-60% decrease in net profit for 2025, primarily due to a significant drop in sales of high-end products [10] - Heng Rui Medicine has received approval for its innovative drug, which is the first of its kind to be approved for market use [11] - Nanjing Panda has clarified that it currently has no mature products related to brain-computer interfaces and has not generated related sales revenue [11] - Guangqi Technology has signed contracts worth a total of 264 million yuan for the mass production of metamaterials [11] - Zhongke Lanyun expects a net profit increase of 367%-377% for 2025, driven by significant gains from investments in other companies [12] - Pulit has developed LCP film technology for brain-computer interfaces and is collaborating with overseas clients for product development [13]

特朗普一语，美股崩盘 芯片是国家科技实力的底子，在全球竞争里谁也绕不开。美国一直想牢牢抓住这个优势，从2022年开始 就对中国芯片产业使劲压着。拜登那时候签了芯片法案，总额2800亿美元，里面有五百多亿直接补贴半 导体厂，还有两百多亿税收优惠，鼓励企业在美国本土搞研发和生产，另外两千亿扔给科研。 结果，美国商务部直接禁了向中国出口高端芯片设备，还拉着荷兰日本这些盟友一块儿玩，目的就是卡 住中国技术链条。荷兰的阿斯麦公司没法卖极紫外光刻机给中国，日本东京电子也跟着调整出口。中国 企业只好自己想办法，转向本土供应链，加速自主研发。 特朗普2024年大选赢了，重回白宫，他的思路跟拜登不一样，更爱用关税当武器。2025年3月4日，他在 国会演讲里把芯片法案批得一文不值，说这是浪费钱，最好废掉它，用那些资金减债。 中国天才，逆境腾飞 陈云霁1983年出生在江西南昌，家里条件一般，但他从小数学就牛。小学时候就搞定二元一次方程，还 拿了全国奥数一等奖。1997年，14岁考上中科大少年班，19岁去中科院计算所读硕博连读，24岁博士毕 业，25岁就当了中科院8核龙芯的主架构师。 特朗普觉得补贴芯片公司没用，那些企业拿了钱也不见 ...

中信证券指出，展望2026年1月，大类资产配置层面，建议增配股票和能化；股票风格配置层面，看好 小市值风格和成长风格；股票行业配置层面，旅游、汽车、芯片等行业具有较好的配置价值。截至2025 年12月末，高频宏观因子配置组合、大盘/小盘风格配置组合、成长/价值风格配置组合、股票行业配置 组合2025年实现绝对收益分别为8.1%、34.3%、24.6%和20.4%。 ...