（记者 胡玲） 诺瓦星云（301589.SZ）9月29日在投资者互动平台表示，公司下属子公司嗨动视觉有音频扩声相关产 品，为客户提供音视频整体解决方案服务，关于产品的具体信息您可关注嗨动视觉官网。未来，公司将 密切关注行业变化趋势，若有并购计划将严格按照有关法律法规的规定和要求及时履行信息披露义务。 每经AI快讯，有投资者在投资者互动平台提问：在诺瓦的招聘信息里有这样一段话：让每一帧画面真 实，让每一段声音真实。请问诺瓦有相关声学方面的产品吗？未来是否会考虑收购改领域的相关公司， 使声光电协同发展？ ...

Group 1 - The 2025 China International Service Trade Fair is held in Beijing from September 10 to 14, showcasing nearly 40 enterprises from Changsha, highlighting the city's service trade capabilities [3] - The Hunan Pavilion, covering 100 square meters, features interactive multimedia, digital navigation, and innovative non-heritage displays, attracting attention [3] - Key exhibitors include Wanxing Technology and Caohua Interactive, demonstrating strengths in digital creativity and game development, while Hunan Provincial Malanshan Audio-Video Laboratory showcases comprehensive audio-video technology [3][6] Group 2 - The fair is focused on the theme "Digital Navigation, Service Trade Renewal," featuring six types of activities including global service trade summits, exhibitions, forums, and promotional events [3] - A total of 85 countries and international organizations participate, with nearly 2,000 enterprises exhibiting, including around 500 Fortune 500 and industry-leading companies [3] - During the 14th Five-Year Plan period, China's service trade scale surpassed $1 trillion for the first time, maintaining the second position globally, indicating the growing importance of service trade in international trade [5] Group 3 - Changsha has been recognized as a national service outsourcing demonstration city, with significant growth in service trade, becoming a key driver for stabilizing foreign trade, employment, and promoting industrial transformation [6] - In the first half of this year, Changsha's service trade totaled $2.451 billion, marking a year-on-year increase of 20.56%, with a per capita service trade amount of $230.87, both ranking first in the province [6][7]

Investment Rating - The report does not explicitly provide an investment rating for the industry or specific companies Core Insights - The report highlights a total of 19 financing events in the domestic and international venture capital markets, with a total financing amount of approximately 972.71 billion yuan [3] - Notable financing events include the establishment of a 5 billion yuan smart medical equipment fund in Chongqing, focusing on innovative drugs and medical devices [3] - The second phase of the Beijing Agricultural Industry Investment Fund has been launched with a total scale of 5 billion yuan, targeting technology agriculture and smart agriculture [5] - A 40 billion yuan equity investment fund has been established by several state-owned enterprises, including Sichuan Changhong Electronics [6] - Anthropic has completed a significant financing round of 13 billion dollars, aimed at advancing AI system research and commercialization [11] Summary by Sections Fundraising Events - The Chongqing smart medical equipment fund has a scale of 5 billion yuan, with 80% allocated to the healthcare sector [3] - The second phase of the Beijing Agricultural Industry Investment Fund totals 5 billion yuan, expected to drive fixed asset investment of 3.75 billion yuan and generate 6 billion yuan in new output value over the next five years [5] - The 40 billion yuan equity investment fund established by state-owned enterprises will engage in private equity investments and asset management [6] Major Financing - Tongchuang Purun has completed over 1 billion yuan in Series A financing, which will support core technology development and industry upgrades [7] - Wase Technology has secured several million yuan in Series D financing to accelerate its global expansion [8][9] - Brain Rhythm Technology has completed nearly 10 million yuan in angel round financing, focusing on wearable AI devices for brain health [10] - Anthropic's 13 billion dollar financing round will be used for technology development and commercialization efforts [11]

Investment Overview - Recently, Caitong Capital Management's Caitong Qihang Fund completed an exclusive investment of several tens of millions in Ningbo Wavetech Co., Ltd. This investment focuses on "China supply + global demand," aiming to accelerate the company's globalization and introduce a leading audio and video technology industry chain to the Taizhou Bay New Area [1] Company Profile - Wavetech was established in 2018 and specializes in providing leading remote collaboration solutions for global enterprises. The company possesses proprietary technologies including full-duplex acoustic technology, multi-microphone array cascading technology, AI noise reduction, echo suppression, multi-camera AI stitching, 8K ultra-high resolution, and AI image enhancement [2] - The company operates several domestic and international brands such as Ermudai, Nearity, and NearStream, establishing a product matrix that includes conference microphones, cameras, and all-in-one devices. Their solutions cover various meeting and creative scenarios, with products applied in over 100,000 enterprises across industries such as internet, finance, healthcare, and education [2] Strategic Development - Leveraging the industrial chain advantages of the Taizhou Bay New Area, Wavetech has established a wholly-owned subsidiary, Taizhou Wavetech Co., Ltd., with a registered capital of $5 million. The company plans to invest approximately 100 million yuan in the NearStream operation headquarters and intelligent manufacturing base in the Taizhou Bay New Area, with the project implemented in two phases [4] - Caitong Capital believes that going global will be a high-quality track for long-term growth, aligning "China supply" with "global demand." The pursuit of the best experience in developed markets and the demographic dividend in emerging markets will provide significant opportunities for Chinese enterprises [4] Collaborative Efforts - Caitong Capital's investment reflects its "capital serves the real economy" philosophy, providing not only financial support but also deep collaboration with the Taizhou Bay New Area government to offer policy and professional consulting support for the establishment and long-term development of Wavetech's headquarters and manufacturing base [4] - Since signing a comprehensive strategic cooperation agreement with the Taizhou municipal government and its subordinate governments in 2022, Caitong Securities has deepened its collaborative foundation in the region [5]

Core Viewpoint - The company, Changhong Technology, has established a strategic partnership with Changying Group to leverage strengths in film resources and audio-visual technology, focusing on the deep application of ultra-high-definition and AI large models in film and cultural tourism projects [1] Group 1 - The collaboration aims to explore new integration paths of "AI + Film + Cultural Tourism" to enhance cultural tourism experiences through technological empowerment [1] - Future joint research and practical implementation will cover multiple areas including AI large models, 4K/8K ultra-high-definition, outdoor large screens, film renewal, and film restoration [1]

Core Insights - Ditopbes, a high-tech enterprise under Ringo Technology Group, focuses on providing comprehensive audio-visual system solutions for intelligent meeting scenarios, leveraging core technologies such as 4K lossless transmission and AI meeting control management [2] Group 1: Technological Innovations - The company offers diverse solutions tailored to different scenario needs, including broadcast-level lossless transmission based on JPEG2000, which retains 100% color information for high-precision environments like command centers [3] - The NDI 4K60 solution is designed for flexible meeting adaptation, compatible with mainstream meeting terminals like Teams and Feishu, and even supports direct connection from mobile phone cameras, breaking down signal source barriers [3] - AI-enabled audio technology utilizes proprietary algorithms for precise sound field relationship recognition, enabling intelligent noise reduction and one-click feedback elimination, democratizing professional audio processing [3] Group 2: Distributed Systems - To address the dual-stream dilemma of high-quality main screen requirements and low-latency control for seats, Ditopbes has innovatively launched a dual-engine IP distributed system that employs shallow compression (JPEG2000) and shallow compression (VC2) in parallel, ensuring pixel-level lossless presentation on the main screen while maintaining smooth control for seats [8] - The company has implemented a seamless disaster recovery technology that utilizes intelligent buffering and channel redundancy to avoid black screen incidents, applicable in smart city and emergency command scenarios [8] Group 3: Market Strategy - In response to domestic production and 5G upgrade trends, Ditopbes has established a "technology + ecosystem" dual-drive model, advancing NDI protocol localization to reduce deployment costs for high-quality solutions and applying AI in environmental noise reduction and intelligent directing [9] - The company is building a tiered training program for integrator partners, covering technical principles, solution design, and practical cases, to cultivate comprehensive audio-visual service capabilities and create a "community of shared destiny" [9] Group 4: Successful Applications and Future Outlook - Ditopbes' solutions have been successfully implemented in landmark projects such as the National Grand Theatre Arts Center and the Shanghai International Conference Center, with large-scale deployments in over a hundred high-end theaters, smart hotel clusters, cultural tourism complexes, and top-tier universities across the country [10] - The company plans to showcase its distributed systems and AI integration technologies at industry events like the Beijing Infocomm Exhibition and the Beijing Smart Building Association Forum in 2025, highlighting its technological leadership [10] - From protocol innovation to ecosystem co-construction, Ditopbes remains focused on enhancing user experience in front of the screen and the ecological logic behind it, aiming to drive the digital transformation of meeting scenarios and ensure efficient, boundary-less communication [10]