Investment Rating - The report maintains a "Buy" rating for multiple stocks in the communication and robotics sectors, indicating a positive outlook for these industries [1]. Core Insights - The robotics industry is experiencing multi-dimensional catalysts, with significant investment opportunities in the related supply chain. Recent events, such as the World Robotics Conference and the World Humanoid Robot Games, showcase advancements in robot capabilities and interactions [2][3][40]. - The demand for high computing power driven by AI is expected to continue rising, with a focus on domestic computing chip industries. The release of DeepSeek-V3.1 highlights improvements in efficiency and performance, indicating a strong future for domestic AI chip development [4][20][41]. Summary by Sections Robotics Industry - The World Robotics Conference held in August 2025 in Beijing featured over 200 leading companies and showcased more than 1500 exhibits, emphasizing the ongoing technological advancements in robotics [2][24]. - The World Humanoid Robot Games included participation from 28 teams across 16 countries, demonstrating the competitive landscape and innovation in humanoid robotics [2][33]. - Domestic leaders like Zhiyuan Robotics and Yushun Technology are pushing for significant advancements, with goals to deploy over 100,000 general-purpose robots in the next three years [3][19][40]. AI and Computing Chips - The launch of DeepSeek-V3.1 on August 21, 2025, introduced a hybrid reasoning architecture that enhances both thinking and non-thinking modes, improving efficiency and agent capabilities [20][41]. - The new model's performance metrics show a significant increase in efficiency, with a 40% improvement in energy efficiency for domestic chips in reasoning scenarios [22][46]. - The report highlights the increasing domestic demand for computing power, driven by geopolitical factors and the need for stable supply chains, suggesting a robust future for domestic computing infrastructure [8][49][56]. Market Performance - The communication sector index rose by 10.84% during the week of August 18-22, 2025, outperforming the broader market, which indicates strong investor confidence in the sector [13][14]. - The report recommends a diverse range of stocks across various segments, including telecommunications, AI, and robotics, reflecting a comprehensive investment strategy [9][23].

2025年8月20日 星期3 ll c LT V 中国8月一年、五年期贷款市场报 将公布 2 国务院新闻办公室将于8月20日上 兵准备工作有关情况举行新闻发布会 3 2025第十四届中国煤焦钢产业大 日至22日在青岛召开 4 谷歌将于8月20日举办发布会, 品牌硬件 欧洲三大股指收盘全线上涨，德国DAX指数涨0.45%报24423.07点，法国CAC40指数涨1.22%报7979.08点，英国富时100指数涨0.34%报9189.22点。 2 印度总理莫迪会见王毅 当地时间2025年8月19日，印度总理莫迪在新德里总理府会见中共中央政治局委员、中央外办主任王毅。 莫迪表示，印中都是文明古国，友好交往历史悠久。去年10月，两国领导人喀山会晤是双边关系改善发展的转折点。印中是伙伴而不是对手，都面临加快发 展的共同任务，应该加强交流，增进了解，拓展合作，让世界感受到印中合作的巨大潜力和光明前景。双方还要稳妥管控和处理边界问题，不能让分歧变成 争端。 王毅表示，中印关系经历起伏，其中的经验教训值得铭记。无论面临什么样情况，双方都应坚持彼此是伙伴而不是对手的正确定位，坚持稳妥管控分歧，不 让边界争议影响两国关系大局。（ ...