8月28日，国内工业AI领先企业中控技术面向全球正式发布流程工业时间序列大模型升级版本—TPT2 （Time-series Pre-trained Transformer）。此次发布不仅是中控技术从自动化产品供应商向工业AI平台生 态商战略转型的关键一步，截至发布会结束，TPT2累计获得企业预定订单518家，成交112套，线上注 册申请用户突破3268人，市场反响热烈，显示出产业界对AI赋能工业的强烈期待。 "TPT2是专为流程工业核心需求打造的革命性工业AI工具，"中控国际运营公司副总裁张惠泽在发布中 强调。 据悉，TPT2是全球首个深度融合流程工业第一性原理的可信AI大模型，采用混合专家模型（MoE）架 构，其AI属性及强大的功能性可以称之为是流程工业的"超级大脑"。它通过强化自主可控技术、提升系 统开放性及深化工业AI融合，为流程制造业数字化转型提供核心支撑，也印证了工业AI尚未被充分挖 掘的巨大潜力。 中控技术正借此实现从智能制造解决方案商向工业AI平台商的跃迁，不仅巩固了在自动化领域的优 势，更打开了工业AI智能升级的广阔空间，进一步证明AI在工业场景的价值仍处于认知早期，前景可 期。 平台化战略升 ...

据介绍，围绕济南市"13+34"标志性产业链，特别是以高新区作为主阵地的11条产业链，高新区"一链一策"精准强链，推动三大主导产业做大做强，未来 产业加快成长。 在未来产业领域，高新区成立未来产业联盟，征集发布人工智能、空天信息、人形机器人等创新应用场景及典型示范案例；量子信息产业实现通信、测 量、计算全领域布局，入选山东省未来产业集群；空天信息产业聚链成群，实现多领域综合布局；人工智能核心产业规模占全市60%以上，集聚人工智能 相关企业280余家；细胞与基因产业形成头部引领，区内企业相关成果创下多项国内外"最大""最早"纪录；在新一代工业软件、新型储能、合成生物等领 域，均实现了多点开花。 齐鲁晚报.齐鲁壹点王贝艺 9月4日，济南市召开"深入实施工业强市发展战略"主题系列新闻发布会——高新区专场。 ...

Core Insights - The next wave of AI will focus on selling returns rather than tools, emphasizing the importance of enterprise-level AI applications for maximizing profits [2][3] - Successful enterprise-level AI implementation requires three essential elements: models, data, and application scenarios [3][4] Models - The effectiveness of AI models is not solely determined by their size; businesses should select models based on specific scenarios [3] - As businesses mature in their AI journey, they will shift from paying for advanced models to paying for the commercial value generated by these models [3] Data - High-quality data is crucial for AI success; companies must ensure they have integrated and effective data to leverage AI capabilities [4] - Synthetic data can help address initial data shortages, allowing for quicker AI application deployment [4][7] Application Scenarios - The true value of AI models lies in their application scenarios, similar to how electricity's value is realized through its various uses [5] - Companies should prioritize identifying the most suitable business scenarios for AI transformation to achieve rapid deployment [5][8] Industry Developments - Major companies like Huawei and Alibaba Cloud are launching industrial AI solutions that significantly enhance operational efficiency [6][10] - The industrial sector is witnessing a shift towards AI integration, with government support for AI+ industrial software initiatives [8] Intelligent Agents - The industrial sector is characterized by four main types of intelligent agent applications: data governance, knowledge processing, process optimization, and decision support [11][12] - The current applications of intelligent agents are primarily in knowledge-intensive areas, where high-quality data is essential for further development [13]

Summary of Key Points from the Conference Call Industry Overview - The focus is on the Chinese economy, particularly regarding deflationary trends and government policies aimed at stimulating demand and consumption [2][4][5]. Core Insights and Arguments 1. **Deflationary Trends**: - The term "deflation" is considered excessive in the context of China, with the Consumer Price Index (CPI) showing no change year-over-year in July, surpassing the median forecast of -0.1% [5][6]. - Food CPI decreased by 1.6% year-over-year, primarily due to base effects, while Energy CPI fell by 4.3% year-over-year, indicating a narrowing decline from 6.1% in May [5]. - The Producer Price Index (PPI) was down 3.6% year-over-year in July, marking the weakest performance since July 2023 [6]. 2. **Housing Market Challenges**: - Beijing's municipal government has removed limits on the number of properties eligible households can buy in suburban areas, but the impact is expected to be marginal [8]. - The central government is likely to oppose moves that would divert housing demand from other cities, maintaining purchase restrictions in major cities like Beijing, Shanghai, and Shenzhen [9][10]. 3. **Government Support for Births and Consumption**: - The government has introduced childcare subsidies of 3,600 yuan (approximately $500) per year for children under three and waived kindergarten fees for the final pre-school year [11][12]. - These measures are seen as experimental, with the effectiveness of further fiscal transfers to reduce child-rearing costs still uncertain [12][13]. 4. **PBoC's Strategic Support**: - The People's Bank of China (PBoC) has released guidance on financing support for new-type industrialization, highlighting key industries for prioritized financing, including integrated circuits, medical equipment, and new energy [14][15]. - This guidance may serve as a preview for the upcoming 15th Five-Year Plan draft [14]. 5. **Stablecoins and Regulatory Environment**: - The Chinese government has ordered a halt on the promotion of stablecoins, reflecting its control-oriented approach to financial regulation [16][17]. - The E-CNY is expected to remain the preferred option for the government, despite challenges in wider acceptance [17]. 6. **Geopolitical Context**: - A phone call between Xi Jinping and Vladimir Putin occurred during Xi's vacation, indicating the urgency of discussions regarding U.S. tariffs and potential negotiations with Trump [19][20]. - The dynamics within BRICS are highlighted, with Trump reportedly attempting to create divisions among member states, particularly targeting India [22][23]. Additional Important Points - The report emphasizes the need for the government to balance local housing affordability with broader economic strategies [9][10]. - The effectiveness of government measures to stimulate births and consumption remains in question, with concerns about their actual impact on the economy [12][13]. - The PBoC's focus on specific industries for financing support indicates a strategic shift towards fostering innovation and technological advancement in China [14][15].

通过这一国家重点研发计划的实施，将有力推动我国工业人工智能相关技术及产品的自主创新，为我国 工业智能化发展提供重要的技术支撑，助力我国从工业大国向工业强国迈进。东土科技在其中所发挥的 领军作用，也将进一步提升其在工业互联网领域的影响力，为我国工业智控技术的发展注入新的活力与 动力，开启工业智能化的新篇章。（全景网） 在本项目中，鸿道工业操作系统及配套工业网络通信系统将担当端-边-云协同控制系统的核心软件平台 角色。它将实现设备控制、数据处理与云服务的无缝集成，促进IT/OT的深度融合，为工业控制系统构 建起高速、可靠的数据传输通道，从而提升整个工业控制系统的智能化水平和运行效率。 全景网了解到，东土科技长期致力于工业互联网底层根技术的研究，专注于构建工业智能神经网络平台 技术。历经10年研发，公司成功发布AUTBUS国际标准，并孵化出全球首颗AUTBUS总线芯片和国内首 颗TSN交换芯片，成功构建了我国完全自主可控、实现IT/OT融合并支持人工智能发展的宽带工业神经 网络体系。同时，公司自主研发的鸿道（Intewell）工业操作系统——被工信部指定为国家新型工业化 统型操作系统，与公司完全自主研发的智能控制（ ...

Core Insights - NVIDIA is establishing the world's first industrial AI cloud in Germany to support European manufacturers, featuring 10,000 GPUs to enhance manufacturing applications [1][3][15] - Major European manufacturers like BMW Group, Maserati, Mercedes-Benz, and Schaeffler are adopting NVIDIA's technologies to transform their product lifecycles through AI-driven operations [2][10][12] Group 1: Industrial AI Cloud Development - The AI factory will utilize NVIDIA DGX B200 systems and NVIDIA RTX PRO Servers, running NVIDIA CUDA-X libraries and Omniverse-accelerated workloads [3][4] - This initiative aims to accelerate AI development and adoption in anticipation of AI gigafactories across Europe [5] Group 2: Partnerships and Software Integration - Siemens and NVIDIA are expanding their partnership to enhance industrial AI and digitalization, optimizing performance and productivity for various sectors [7] - Ansys is integrating Omniverse into its simulation software to improve fluid simulations, achieving a 2.5x acceleration in performance for Volvo Cars [8][9] Group 3: Manufacturer Innovations - Schaeffler is leveraging AI factories and NVIDIA's technology for digital factory planning and automation across its manufacturing plants [10][11] - BMW Group is creating digital twins of its production facilities to optimize manufacturing processes and develop AI applications [12][13]

Group 1: Nvidia's Earnings and Market Impact - Nvidia's recent earnings report alleviated concerns about a slowdown in AI and data-center spending, positively impacting the market and benefiting frontline players in the AI/data center industry [1] - The report also positively affects other companies with exposure to AI, such as GE HealthCare Technologies, PTC, and Vertiv [1] Group 2: GE HealthCare Technologies and AI Integration - GE HealthCare is collaborating with Nvidia on AI-powered robotics to enhance its imaging systems, utilizing Nvidia's Isaac platform [2] - The integration of AI into GE HealthCare's imaging systems improves patient guidance and data analysis, supporting decision-making and patient monitoring [2][3] - AI's value addition across GE HealthCare's businesses is expected to lead to better patient outcomes and long-term sales growth [3] Group 3: PTC and Industrial AI - Nvidia's CEO highlighted the importance of industrial AI, which is gaining traction as manufacturing is reshored to the U.S. [5][6] - PTC utilizes Nvidia's GPUs to enhance its CAD software, enabling real-time digital models that improve machinery performance through AI-powered analytics [7] - PTC has experienced double-digit recurring revenue growth and is projected to drive mid-teens growth in free cash flow, with potential for sustained growth if industrial AI continues to develop [8] Group 4: Vertiv's Role in AI Growth - Vertiv is a key partner for Nvidia, contributing to the power needs of AI growth in data centers, with strong order and backlog growth anticipated in 2025 [10] - Vertiv is set to launch its 800V direct current power architecture for data centers in the second half of 2026, ahead of Nvidia's next generation platforms [11] - Vertiv's solutions include rectifiers, busways, converters, and backup systems, positioning it well in the competitive landscape of power solutions for data centers [12]

Core Viewpoint - The company is accelerating its strategic transformation towards becoming an industrial AI company, enhancing its global presence, and entering the humanoid robot market [1][4]. Financial Performance - In the previous year, the company achieved a revenue of 9.139 billion yuan, a year-on-year increase of approximately 6%, and a net profit attributable to shareholders of 1.117 billion yuan, up 1.38% year-on-year [1]. - Excluding the impact of GDR foreign exchange gains and losses, the net profit attributable to shareholders was 1.092 billion yuan, representing a year-on-year growth of 9.60% [1]. Strategic Initiatives - The year 2025 is identified as a critical period for the company's strategic shift, with increased R&D investment in AI technology leading to short-term performance pressure but positioning the company for future growth [1]. - The company has launched innovative products such as the UCS universal control system and the TPT temporal industrial model, aimed at enhancing AI applications in process industries [2]. Product Innovations - The UCS system reduces cabinet room space by 90%, shortens construction time by 50%, and increases communication speed by over 100 times, representing a revolutionary innovation in control systems [2]. - The TPT model achieves a self-control rate of over 95%, reduces nitrogen oxide emissions by 5%, and decreases coal consumption by over 3.1%, providing significant economic benefits to clients [2]. Market Outlook - According to Omdia, the AI software market is expected to experience explosive growth, reaching a scale of 218 billion USD by 2029, driven by the integration of industrial AI models and agents [3]. - The company is actively promoting the development and application of TPT and robotics, anticipating these technologies will drive new growth [3]. Humanoid Robotics - The company has invested in the Zhejiang Humanoid Robot Innovation Center, which has launched two generations of humanoid robots and is moving towards mass production [4]. - The company has introduced the "Plantbot" solution, integrating AI and robotics to enhance perception, decision-making, and execution capabilities [4]. Global Expansion - In 2024, the company's overseas revenue reached 749 million yuan, a year-on-year increase of 118.27%, accounting for 8.25% of total revenue [5]. - The company has established 21 subsidiaries and 5 new 5S stores in various regions, enhancing the global influence of the SUPCON brand [5]. Strategic Partnerships - The company has formed deep collaborations with international clients such as Saudi Aramco and Petronas in various fields including control systems and industrial software [6]. - The company is pursuing acquisitions and partnerships to support its strategic transformation towards industrial AI and robotics [6].

Group 1: Market Overview - The S&P 500 index has shown a solid recovery, remaining flat for 2025 despite earlier sell-offs that nearly led to a bear market [1] - Some stocks have rebounded significantly, trading at new highs, while others remain at substantial discounts, presenting long-term investment opportunities [2] Group 2: Advanced Micro Devices (AMD) - AMD's stock reached a lifetime high in March 2024 but has since declined by 46% due to disappointing sales growth and margins for its AI processors [4][6] - Despite Nvidia's significant lead in high-end AI processing hardware, AMD can still achieve strong returns without needing to surpass Nvidia [5][8] - AMD's Q1 earnings report showed a gross margin of 50%, an increase from 47% year-over-year, driven by sales from data center processors [6] Group 3: PTC Inc. - PTC's stock price has decreased by 8% in 2025 and 16% from its all-time high, attributed to deteriorating near-term market conditions [9] - The company's CAD and PLM software are central to the digitization of manufacturing, with growth potential linked to advancements in AI and digital twins [10] - PTC's management has revised its ARR growth guidance for 2025 down to 7%-9% but raised its full-year free cash flow (FCF) guidance to $840 million-$850 million [12] - The underlying FCF, adjusted for realignment costs, is projected at $864 million, resulting in an attractive multiple of 22 times FCF for a company with high-single-digit ARR growth [13]

Core Insights - The company reported a revenue of 1.607 billion yuan and a net profit of 120 million yuan for Q1 2025, indicating a stable performance in its core business [1] - R&D investment increased by 1.66% year-on-year, accounting for 13.01% of revenue, with cumulative R&D spending exceeding 3.4 billion yuan since its listing [1] - The company is focusing on AI and robotics to enhance its industrial solutions, with significant applications in various sectors [2] Group 1: Financial Performance - In Q1 2025, the company achieved a revenue of 1.607 billion yuan and a net profit of 120 million yuan [1] - R&D expenses grew by 1.66% year-on-year, representing 13.01% of total revenue, an increase of 1.18 percentage points [1] Group 2: Business Development - The company maintains a leading market share in DCS and SIS systems, with growth driven by AI and robotics initiatives [1] - The AI business has been successfully applied in industries such as petrochemicals and power generation, improving production efficiency by nearly 50% [1][2] Group 3: Market Expansion - The company is actively pursuing international clients in the Middle East and Southeast Asia, with new projects signed with major firms like Saudi Aramco [2] - The domestic market is seeing increased demand for localized alternatives, supported by national policies [2] Group 4: Strategic Initiatives - The company has established joint ventures and AI labs with major steel companies, aiming for significant equipment updates in the metallurgy sector [3] - It has secured contracts with leading global oil companies, enhancing its international market presence [3][4] Group 5: Future Outlook - The company is positioned to benefit from the "ALL in AI" strategy, expanding its global network to over 50 countries and 35,000 enterprises [4] - The combination of domestic policy support, enhanced AI technology penetration, and global collaboration is expected to drive future growth [4]