Group 1 - The mHC architecture is expected to introduce a new paradigm in AI chip design by combining manifold constraints with engineering optimization, providing a novel approach to address the mismatch between computing power and bandwidth [1] - This architecture promotes the logic of "software actively adapting to hardware bottlenecks," driving the industry towards a direction of "efficiency-first" hardware-software collaboration [1] - mHC significantly reduces bandwidth requirements through optimizations like kernel fusion and selective recomputation, indicating that chip design does not need to solely pursue high-bandwidth memory [1] - The manifold constraint logic of mHC may foster innovation in dedicated computing units for chips, breaking the current monopoly of "general computing units" in AI chips and advancing towards a "general + dedicated" heterogeneous architecture [1] - The mHC framework, released by DeepSeek, demonstrates stable performance and good scalability in large-scale model training, offering high cost-effectiveness and efficiency, potentially guiding the evolution of the next generation of infrastructure [1] - This framework is likely to reignite academic interest in macro-architecture design and deepen the understanding of how topological structures influence optimization and representation learning, breaking current limitations [1] Group 2 - The Computer ETF (512720) tracks the CS Computer Index (930651), which selects listed companies involved in software development, IT services, and hardware manufacturing from the Shanghai and Shenzhen markets to reflect the overall performance of the computer industry [2] - The CS Computer Index focuses on the information technology sector, with constituent stocks exhibiting high growth potential and technological innovation capabilities, effectively representing the development trends of China's computer industry [2]

来源：市场资讯 成都京东方光电科技有限公司，成立于2007年，位于成都市，是一家以从事仪器仪表制造业为主的企 业。企业注册资本2500000万人民币。通过天眼查大数据分析，成都京东方光电科技有限公司参与招投 标项目915次，专利信息5000条，此外企业还拥有行政许可521个。 声明：市场有风险，投资需谨慎。本文为AI基于第三方数据生成，仅供参考，不构成个人投资建议。 国家知识产权局信息显示，京东方科技集团股份有限公司取得一项名为"显示模组和显示装置"的专利， 授权公告号CN119889166B，申请日期为2025年2月。 天眼查资料显示，京东方科技集团股份有限公司，成立于1993年，位于北京市，是一家以从事计算机、 通信和其他电子设备制造业为主的企业。企业注册资本3741388.0464万人民币。通过天眼查大数据分 析，京东方科技集团股份有限公司共对外投资了74家企业，参与招投标项目297次，财产线索方面有商 标信息775条，专利信息5000条，此外企业还拥有行政许可47个。 ...

Group 1: Index Trends - On January 6th, the Shanghai Composite Index rose 1.5% to close at 4083.67 points with a trading volume of 1175.769 billion yuan; the Shenzhen Component Index rose 1.4% to close at 14022.55 points with a trading volume of 1630.739 billion yuan [1] - The CSI 1000 Index rose 1.43% with a trading volume of 580.815 billion yuan, opening at 7756.16, closing at 7864.9, with a daily high of 7864.9 and a low of 7755.07 [1] - The CSI 500 Index rose 2.13% with a trading volume of 571.675 billion yuan, opening at 7663.94, closing at 7814.14, with a daily high of 7814.65 and a low of 7663.66 [1] - The SSE 50 Index rose 1.9% with a trading volume of 180.048 billion yuan, opening at 3106.52, closing at 3158.76, with a daily high of 3158.76 and a low of 3106.09 [1] - The SSE 50 Index rose 1.9% with a trading volume of 180.048 billion yuan; it opened at 3106.52, closed at 3158.76, with a daily high of 3158.76 and a low of 3106.09 [1] Group 2: Impact of Sector Movements on Indexes - The CSI 1000 rose 111.02 points from the previous close, with sectors such as electronics, power equipment, and computer significantly driving the index up [2] - The CSI 500 rose 162.94 points from the previous close, with sectors such as electronics, non - ferrous metals, and national defense and military industry significantly driving the index up [2] - The SSE 300 rose 72.94 points from the previous close, with sectors such as non - bank finance, non - ferrous metals, and electronics significantly driving the index up [2] - The SSE 50 rose 59.01 points from the previous close, with sectors such as non - bank finance, non - ferrous metals, and electronics significantly driving the index up [2] Group 3: Stock Index Futures Basis and Annualized Opening Costs - For IM contracts, the average daily basis for IM00 was - 3.62, IM01 was - 59.76, IM02 was - 111.71, and IM03 was - 334.86 [13] - For IC contracts, the average daily basis for IC00 was 7.39, IC01 was - 25.74, IC02 was - 47.13, and IC03 was - 215.14 [13] - For IF contracts, the average daily basis for IF00 was 2.31, IF01 was - 7.94, IF02 was - 11.17, and IF03 was - 55.76 [13] - For IH contracts, the average daily basis for IH00 was 0.34, IH01 was - 0.55, IH02 was 1.4, and IH03 was - 8.09 [13]

"信心有数"栏目 南方都市报、南都大数据研究院"信心有数"栏目，用数据记录广东实现现代化的奋进之路，用数据描绘 万马奔腾共创美好的活力之路，用数据书写每一个你我昂扬向上的信心之路。 千里之行，系于你我；心中有数，广东可期。 广东"十五五"规划将"科技自立自强水平大幅提高"列为八大主要目标之一，而持续加大创新研发投入是 实现这一目标的关键支撑。 最新发布的《2024年广东省科技经费投入统计公报》（以下简称《公报》）显示，广东研究与试验发展 （R&D）经费已连续9年位居全国首位，投入强度（与GDP之比）高于全国平均水平，也超过欧盟及经 合组织国家（OECD）平均水平，凸显出其在科技创新上的领先优势。 广东R&D经费实现"九连冠" R&D经费是衡量一个国家和地区科技投入力度的核心指标，直接反映科创创新力与高质量发展潜力。 《公报》显示，2024年，广东R&D经费高达5099.61亿元，同比增长6.2%，投入规模连续9年位居全国首 位。横向对比来看，广东领先优势显著，较江苏（4597.5亿元）高出约500亿元，较北京（3278.4亿元) 高出约1800亿元。纵向追溯，广东R&D经费从2016年的2035.14亿元增长 ...

2025年，IPO市场在持续强调支持科技创新，以及科创板、创业板皆启动未盈利企业上市标准的背景 下，"包容性"、"硬科技"成为这一年的关键词，大额募资项目涌现。与此同时，北交所成为项目数量 的"主力军"。 为更清晰梳理2025年IPO市场各环节相较前一年的变化，汉鼎咨询在本篇中梳理了辅导备案、新增受 理、上会审核、注册生效多个环节的数据，并针对板块分布、所属行业、受理到注册生效时间间隔等维 度进行分析整理。概括来看： 辅导备案环节，近半数计划申报北交所，部分传统消费类行业未出现在2025年辅导备案已披露行业中。 注册生效环节，主板数量相对领先，科创板新申报企业拿批文用时明显缩短。 新增受理环节，北交所净利润规模提升，未盈利、消费类企业受理"突破"，科创板首单预先审阅IPO落 地。 此外，行业方面汽车制造业企业数量及占比相对提升，或与我国新能源汽车产业高速发展，带动上下游 配套企业上市热潮相关。 上会审核环节，北交所及主板上会企业数量占比提升，整体过会率98.23%。 一、辅导备案：近半数计划申报北交所，部分行业"消失" 二、新增受理：北交所净利润规模提升，未盈利、消费类企业受理"突破" 2025年，410家企 ...

花旗研报指出，2026年中国互联网行业将聚焦三大主题：一是云端基础设施、模型堆栈和推理令牌使用的经常性收入增长；二是主要互联网企业竞相抢占 AI聊天机器人的用户流量，以期未来生态系统变现；三是垂直领域企业部署自训练专有数据AI代理，以保持竞争优势并加强用户参与度和变现潜力。（花 旗12月1日发布《中国互联网2026年上半年展望》） 就中国互联网板块，花旗首选腾讯控股及阿里巴巴-W作为核心AI投资概念股，印证头部企业AI落地实力，也凸显资本对AI驱动行业价值重估的信心。 行情方面，2026开年以来，港股AI涨势如虹，港股AI核心资产——港股互联网ETF（513770）两个交易日场内价格累计上涨6.17%。资金积极加码，上交所 数据显示，港股互联网ETF（513770）最新单日再获资金净流入1.31亿元，近5日资金累计净流入3.18亿元。 风险提示：港股互联网ETF被动跟踪中证港股通互联网指数，该指数基日为2016.12.30，发布于2021.1.11，指数成份股构成根据该指数编制规则适时调整。 文中指数成份股仅作展示，个股描述不作为任何形式的投资建议，也不代表管理人旗下任何基金的持仓信息和交易动向。基金管理人评 ...

Group 1: Interest Rate Adjustments - The three-year fixed deposit product with an interest rate of 2.2% was officially removed on January 5, with all deposit rates decreasing by 20 basis points [1] - Multiple small and medium-sized banks, including Wuding Xingfu Village Bank and Xuwen Rural Commercial Bank, have recently announced adjustments to their deposit rates, indicating a trend of flexible management based on individual bank conditions [1] Group 2: Currency and Asset Trends - The offshore RMB exchange rate against the USD rose again on January 6, remaining above the 7 yuan mark, continuing a trend of appreciation that has lasted nearly nine months [1] - Analysts believe that the strengthening of the RMB is beneficial for foreign capital inflow, improving liquidity and risk appetite in the A-share market, with three asset categories highlighted for investment: aviation, paper manufacturing, and high-growth sectors like computing and electronics [1] Group 3: Company Performance Forecasts - Eleven companies are expected to achieve their highest net profits in the past decade by 2025, with Zijin Mining and Luxshare Precision leading with lower limits of 51 billion yuan and over 16.5 billion yuan, respectively [2] - The performance of the non-ferrous metals sector is expected to be strong due to supply constraints and structural demand growth, with companies like China Uranium Industry also anticipated to reach peak profits [2] Group 4: Lithium Carbonate Price Surge - Lithium carbonate prices have surged significantly, with a 7.74% increase on January 5 and an 8.99% increase on January 6, reaching 137,900 yuan per ton, driven by tightening supply expectations and rising demand [3] - The price increase is linked to uncertainties in lithium supply and growing demand for energy storage, with market analysts suggesting limited downside potential for lithium prices [3] Group 5: Corporate Developments - Yunnan Metallurgical Group is publicly offering a 3.18% stake in Cheng Tai Insurance for a base price of 184 million yuan, marking the third attempt to transfer this stake [6] - Four companies, including Suzhou Shangshun Technology, have initiated listing counseling as of January 6, indicating ongoing activity in the capital markets [6] Group 6: Stock Market Movements - The three major U.S. stock indices closed higher, with the Dow Jones up 0.99%, driven by AI-related demand, while the S&P 500 and Dow reached historical highs [17] - Commodity prices, particularly metals, have seen significant increases, with copper and nickel reaching record highs, reflecting strong market conditions [17]

国家知识产权局信息显示，信利（惠州）智能显示有限公司取得一项名为"过孔干刻的方法"的专利，授 权公告号CN114388359B，申请日期为2021年12月。 作者：情报员 声明：市场有风险，投资需谨慎。本文为AI基于第三方数据生成，仅供参考，不构成个人投资建议。 本文源自：市场资讯 天眼查资料显示，信利（惠州）智能显示有限公司，成立于2013年，位于惠州市，是一家以从事计算 机、通信和其他电子设备制造业为主的企业。企业注册资本268264.1157万人民币。通过天眼查大数据 分析，信利（惠州）智能显示有限公司参与招投标项目23次，专利信息573条，此外企业还拥有行政许 可60个。 ...

Group 1: Core Themes in China's Internet Industry - The Chinese internet industry will focus on three main themes in 2026: growth in recurring revenue from cloud infrastructure, model stacks, and inference token usage; competition among major internet companies for user traffic in AI chatbots; and vertical companies deploying self-trained proprietary data AI agents to maintain competitive advantages and enhance user engagement and monetization potential [1][9]. - Citigroup identifies Tencent Holdings and Alibaba-W as core AI investment concept stocks, reflecting confidence in the capital market regarding the value reassessment driven by AI in leading companies [1][9]. Group 2: Market Performance and Investment Trends - Since the beginning of 2026, the Hong Kong stock market has seen a significant rise in AI stocks, with the Hong Kong Internet ETF (513770) increasing by 6.17% over two trading days. There has been a net inflow of 131 million yuan on the latest trading day and a cumulative net inflow of 318 million yuan over the past five days [1][9]. - The Hong Kong Internet ETF (513770) and its linked funds passively track the CSI Hong Kong Internet Index, heavily weighted towards Alibaba-W and Tencent Holdings, which together account for nearly 30% of the ETF. The top ten holdings focus on AI cloud computing and applications, comprising over 78% of the portfolio [3][11]. Group 3: Valuation and Future Opportunities - As of the end of 2025, the CSI Hong Kong Internet Index has seen a cumulative decline of 18.55% since October, with a current price-to-earnings ratio (PE TTM) of 24.43, which is significantly lower than the valuations of the ChiNext Index and Nasdaq 100, indicating a value opportunity [4][12]. - Industry analysts suggest that leading internet companies in China are poised to benefit from a resurgence in both domestic and foreign investment, with the potential for upward adjustments in long-term profit growth expectations, leading to a "Davis Double" effect on valuations [5][12].

Group 1 - Dongguan Anmeitai Technology Co., Ltd. has obtained a patent titled "Tilt Detection Mechanism, Tilt Calibration Device, and Calibration Method," with authorization announcement number CN118528070B, and the application date is June 2024 [1] - Dongguan Anmeitai Technology Co., Ltd. was established in 2021, located in Dongguan, and primarily engages in technology promotion and application services, with a registered capital of 30 million RMB [1] - The company has participated in 25 bidding projects and holds 37 patent records, in addition to having 12 administrative licenses [1] Group 2 - Guangdong Changying Precision Technology Co., Ltd. was established in 2010, located in Dongguan, and primarily engages in the manufacturing of computers, communications, and other electronic devices, with a registered capital of 600 million RMB [1] - The company has made investments in 5 enterprises, participated in 49 bidding projects, and holds 1,095 patent records, along with 227 administrative licenses [1]