Group 1: Industry Insights - The domestic four-legged robot industry is rapidly developing, with consumer-level models starting at 10,000 yuan [2] - The four-legged robots can be categorized into hydraulic and electric drive types, with electric drive becoming a new trend due to its lower cost and ease of control [3] - The four-legged robot industry has made progress in recent years, but still lacks advanced task planning capabilities and has limited battery life of 8 to 12 hours [4] Group 2: Company Developments - Cloud Deep Technology has delivered over 1,000 units of its "Xie Ying" series products, showcasing its strong presence in various application scenarios [1] - Chip Original Co., Ltd. is recognized as China's leading semiconductor IP company, with a significant increase in its customer base and revenue from chip design and mass production services [8] - Brain Machine Interface technology is gaining traction in China, with various local companies making strides in both non-invasive and invasive applications [6][7]

更多精彩内容请关注格林大华期货官方微信 格林大华期货研究院 证监许可【2011】1288 号 2025 年 7 月 3 日星期四 研究员： 于军礼 从业资格： F0247894 交易咨询资格：Z0000112 联系方式：yujunli@greendh.com 早盘提示 Morning session notice | 板块 | 品种 | 多（空） | | | --- | --- | --- | --- | | | | | 【重要资讯】 | | | | | 1、美国国会参议院以 1 票的微弱优势表决通过了"大而美"税收与支出法案。一 | | | | | 些民主党参议员指责参议院版本法案是"劫贫济富"。 | | | | | 2、美国 5 月 JOLTS 职位空缺 776.9 万人，高于预期的 730 万人，本次 JOLTS 数据 | | | | | 超过了媒体对所有经济学家调查的预期。5 月份自主离职人数从 321.5 万增至 329.3 | | | | | 万。自主离职的人数越高，表明劳动力市场越紧张。 | | | | | 3、高盛表示，受流动性改善、波动性下降、衰退担忧消退以及季节性因素的推动， | | | ...

Core Insights - The event "When Entrepreneurship Meets Angels - Capital Supporting College Student Entrepreneurship Salon" was held to provide guidance to young entrepreneurs, focusing on how startups can participate in bidding and protect their intellectual property rights [1][4] Group 1: Event Overview - The salon was organized by the Changsha Municipal Financial Office as part of a series of initiatives to support college student entrepreneurship in Hunan Province [1] - Seven startups presented their projects, covering various sectors including wear-resistant materials, new materials, AIGC, modern agriculture, brain-computer interfaces, industrial robotics, and outdoor tourism equipment [1] Group 2: Participant Profiles - The presenters were young college students, such as Lin Lin from Xiangjiang Intelligent Control, who is developing an intelligent inspection robot for the electrolytic aluminum industry to help reduce costs and improve efficiency [2] Group 3: Expert Interaction - The event featured interactions between students and mentors from various institutions, including private equity firms, law firms, banks, and accounting firms, addressing common challenges faced by tech startups [4] - AIGC was highlighted as an innovative area, with discussions on balancing technological innovation and business models, emphasizing the importance of understanding customer needs [4] Group 4: Support Mechanisms - The event included a policy briefing on Changsha's special support policies for entrepreneurship, aiming to help young entrepreneurs convert their ideas into viable businesses [5] - The Changsha Municipal Financial Office aims to create a closed-loop ecosystem of "capital-industry-talent" and integrate "campus + park + community" to support startups in finding funding, experts, and markets [5]

Core Insights - The Beijing Brain Science and Brain-like Research Institute is making significant advancements in brain-machine interface (BMI) technology, which is crucial for improving the quality of life for patients with severe neurological conditions [2][4][6] - The institute has developed the "North Brain No. 1" system, which is the first high-throughput, wireless, fully implanted BMI system with over 100 channels, and it has entered clinical verification stages [2][4] - The research focuses on four main areas: brain cognitive principles, major brain diseases, new technologies in neuroscience, and neural decoding and computation [6][7] Group 1: Brain-Machine Interface Developments - The "North Brain No. 1" system allows for real-time decoding of brain signals, enabling patients to control devices through thought, with a notable accuracy of 63% in decoding common phrases for patients with speech impairments [3][4] - The institute has successfully completed surgeries for five patients with spinal cord injuries and ALS, demonstrating significant improvements in motor functions and the ability to perform tasks previously impossible [3][4] - The upcoming "North Brain No. 2" system aims to implant electrodes deeper into brain tissue for more precise signal capture, enhancing the control capabilities for patients [4] Group 2: Gene Therapy Innovations - The institute is also pioneering gene therapy techniques to treat conditions such as severe epilepsy and vision loss, with a new drug that can be injected directly into the epilepsy focus area to control seizures while preserving normal neural function [7] - A novel light-sensitive protein has been developed for visual restoration in patients with retinal diseases, showing significant improvements in vision for treated patients [6][7] - The institute has established a biotechnology company to facilitate the transition from basic research to clinical applications, aiming to shorten the time for technology commercialization [7]

7月2日涨停分析 今日共60股涨停，连板股总数12只，16股封板未遂，封板率为79%（不含ST股、退市股）。焦点股方面，脑机接口概念股浙江东日12天7板，芯片产业链的 诚邦股份5连板，军工央企飞亚达5天4板。 | 股票名称 | 板数 | 涨跌幅 | 涨停时间 | 上涨逻辑 | | --- | --- | --- | --- | --- | | 欧晶科技 | 3天2板 | 10.02% | 10:50 | 光伏+芯片 | | 001269 | | | | | | 费伍技术 | 3天2板 | 10.02% | 13:40 | 光伏+固态 | | 603212 | | | | 电池 | | 亚玛顿 | 首板 | 10.00% | 09:30 | 光伏玻璃 | | 002623 | | | | | | 耀皮玻璃 | 首板 | 9.93% | 09:40 | 光伏玻璃 | | 600819 | | | | | | 秀强股份 | 首板 | 20.07% | 10:51 | 光伏玻璃 | | 300160 | | | | | | 亿晶光电 | 首板 | 10.03% | 10:51 | 光伏 | | 600537 | | ...

Core Insights - Dr. Peng Junren from Dineike's Brain-Computer Interface (BCI) division published a paper in the "Annals of the New York Academy of Sciences" discussing a new approach to shared autonomy between human electroencephalography and TD3 deep reinforcement learning [1] - The study indicates that approximately 15%-30% of users are unable to effectively operate traditional BCI systems due to physiological differences, highlighting a gap in current technology that only measures internal brain activity without considering environmental factors [1] - Dineike's BCI division proposes an active BCI co-control scheme based on deep reinforcement learning, aiming to provide a new paradigm for the universal application of BCIs through collaborative decision-making between humans and AI agents [1] - The next steps for Dineike involve focusing on breakthroughs in core technologies related to brainwave interaction and the industrialization of these technologies, moving from laboratory research to practical applications [1]

脑机接口行业国内外最近进展解读 20250701 摘要 Neuralink 已完成七例脑机接口植入，包括海外首例，初期虽遇信号衰 减问题，但通过软件调整已解决，长期稳定性待进一步观察，其技术路 径借鉴脑起搏器，未来或应用于多种神经系统疾病治疗。 国内脑机接口技术以半侵入式为主，多家医院展开研究；国际上， Neuralink 计划逐步实现全脑植入，目标至 2028 年覆盖情绪调控区域， 用于精神疾病治疗，并设想结合 AI 增强人类能力。 侵入式脑机接口商业化预计需至 2028-2030 年，面临临床评估、器械 审批和患者数量等挑战；非侵入式技术已开始商业化，国家医保局已批 准相关康复训练系统，预计未来 2-3 年内扩展至各大医院。 非侵入式脑机接口核心部件包括电极、芯片和放大器模组，芯片和放大 器模组对信号采集精度和传输质量至关重要，消费级设备采样率较低， 高端市场仍依赖进口。 国家已对脑机接口的数据集及硬件产品提出一系列新标准，国家药监局 中检院已启动脑接口医疗器械通用检测标准的立项工作，涵盖采样率、 功能一致性、噪声和传输稳定性等多个指标。 Q&A Neuralink 最近的发布会有哪些重要内容和进展？ N ...

Core Insights - Neuralink has showcased its brain-computer interface (BCI) advancements and a visionary roadmap for the next three years, indicating significant progress in BCI technology [1] - The company aims to create a full-brain interface that can decode brain signals into speech, restore vision, and potentially integrate human consciousness with AI by 2028 [3][4] Group 1: Current Achievements - Seven volunteers have undergone the N1 implant surgery, enabling them to interact with the world despite severe disabilities [2] - The technology focuses on increasing the number of connected neurons and expanding to any part of the brain, enhancing the amount of information that can flow from the brain to the external world [2] Group 2: Future Goals - By Q4 2025, Neuralink plans to implant devices that can decode words from brain signals [3] - The number of electrodes is expected to increase to 3,000 by 2026, allowing the first blind participants to regain vision [3] - By 2028, the goal is to have over 25,000 channels per implant, enabling access to any part of the brain and addressing various mental health issues [3] Group 3: Challenges and Concerns - There are significant technical challenges and skepticism from neuroscientists regarding the feasibility of achieving a full-brain interface by 2028 [4] - Data privacy and security concerns are paramount, as the sensitivity of brainwave data raises questions about potential misuse [4] - The impact of this technology on individual identity and self-perception remains uncertain, prompting discussions on its societal implications [5]

7月1日，脑机接口概念延续强势，创新医疗2连板，塞力医疗涨停，翔宇医疗涨超5%，爱朋医疗、三博 脑科、伟思医疗等跟涨。 消息面上，中国首个脑机接口未来产业集聚区"脑智天地"在上海启动建设。另外，马斯克在脑机接口 Neuralink团队的发布会上表示，目前全球已经有七人植入了设备，通过"心灵感应"产品，他们重获跟物 理世界交互的能力，可以用大脑玩马里奥赛车、使命召唤，甚至可以控制机械臂写字。预计2026年让盲 人重获光明，2028年计划实现更广泛的人机融合应用。 国家药监局于6月20日审议通过《关于优化全生命周期监管支持高端医疗器械创新发展的举措》。其中 提到，加快发布医用外骨骼机器人、放射性核素成像设备等相关标准；积极筹建医用机器人、人工智能 医疗器械标准化技术委员会；加强增材制造用医用材料、脑机接口柔性电极、基因工程合成生物材料等 新型生物材料标准化研究。 东吴证券表示，侵入式技术的持续突破将推动消费和医疗康复市场提升对脑机接口技术的认知，非侵入 式脑机接口产品的商业化落地也有望加速。此外，前沿探索如生物计算机等领域的发展，也为脑机接口 技术的未来发展提供了更多可能性。浙商证券表示，脑科学如能取得重大进展， ...

丨证券研究报告丨 行业研究丨行业周报丨软件与服务 [Table_Title] 香港发表宣言 2.0，关注稳定币投资机遇 2025 年第 26 周计算机行业周报 1 报告要点 [Table_Summary] 上周计算机板块随大盘放量上涨，大幅上涨 8.18%。在长江一级行业中排名第 1 位，两市成交 额占比为 12.44%，稳定币/金融 IT 概念活跃。上周特斯拉 Robotaxi 服务正式在美国奥斯汀南 部启动；Neuralink 展示了他们最新的研究成果及产品发展方向。本周建议关注：1）具有发币 资格的相关企业；2）在区块链等关键技术上有技术积累的企业；3）具有相关牌照的企业。 分析师及联系人 [Table_Author] 宗建树 SAC：S0490520030004 SFC：BUX668 请阅读最后评级说明和重要声明 %% %% %% %% research.95579.com 软件与服务 cjzqdt11111 [Table_Title 香港发表宣言2] 2.0，关注稳定币投资机遇 2025 年第 26 周计算机行业周报 [Table_Summary2] 上周复盘：计算机板块震荡下探 上周大盘大幅上涨， ...