今日人形机器人高开低走，相关个股走低，人工智能AIETF（515070）持仓股中中科新图下跌超11%， 奥比中光下跌超5%，光环新网上涨超8%，润泽科技午后异动拉升涨超7%。 中原证券认为，进入一月份以来，市场交投再度活跃，两融余额同步攀升，增量资金入场迹象明确，为 行情延续提供支撑。国内无风险收益率持续下行，居民存款向权益市场"搬家"的趋势为市场提供了充裕 的流动性环境。人民币资产吸引力增强，共同推升了市场风险偏好。2025 年12 月CPI 同比涨幅微幅扩 大，显示内需出现边际改善迹象。在量能有效放大、政策预期积极、产业催化不断的背景下，预计本轮 行情有望持续推进，配置上建议兼顾科技创新与传统行业复苏两条主线。 在AI产业链中，软件行业主要处于中游技术层和下游应用层，扮演着核心技术支撑和应用落地的关键 角色。具体来看，软件行业在中游技术层主要提供AI框架、开发平台和算法模型，这些技术是AI应用 开发的基础。在下游应用层，软件行业通过将AI技术与各行业结合，推动AI应用的落地。 （文章来源：每日经济新闻） 消息方面，意优科技"全球首条机器人关节自动化产线"在浦东投产。这是具身智能产业从技术研发迈向 规模化制 ...

Group 1 - The software development sector experienced a rise, with the CSI Software Service Index increasing by 0.65% as of 10:14 AM on November 26, 2025, with notable gains from stocks like Shiji Information and Aerospace Information [1] - The software industry plays a crucial role in the AI industry chain, primarily in the midstream technology layer and downstream application layer, providing essential AI frameworks, development platforms, and algorithm models [1] - AI technology has become the core driving force in the computer and software development industry, with major cloud companies like Amazon, Microsoft, Google, and Meta investing over $110 billion in AI infrastructure in Q3 2025 [1] Group 2 - The top ten weighted stocks in the CSI Software Service Index account for 63.09% of the index, including companies like iFlytek, Kingsoft Office, and Tonghuashun [1] - The software ETF (159852) tracks the CSI Software Service Index, providing an accessible investment tool for the computer software industry [2] - Investors can also consider the software ETF linked fund (012620) to capitalize on AI software investment opportunities [2]

Core Viewpoint - Dingjie Smart Technology Co., Ltd. is responding to the second round of inquiry from the Shenzhen Stock Exchange regarding its application for issuing convertible bonds to unspecified objects, focusing on the construction of a research and training base and platform project development, which are upgrades to existing operations rather than new business ventures [1][2]. Group 1: Project Overview - The fundraising project includes the construction of the "Dingjie Smart Research and Training Base" and "Platform Project Development," aimed at enhancing the company's existing capabilities [2][5]. - The training base will host approximately 300 training and demonstration events annually in the Jiangsu, Zhejiang, and Shanghai regions, with expected monthly visitor flows exceeding 400 people [2][9]. - The total area of the Dingjie Smart Research and Training Base is planned to be 28,700 square meters, with 18,300 square meters designated for office use [9][26]. Group 2: Office Space and Personnel Needs - The current average office space per employee is 13.86 square meters, which is below the industry average of 20.67 square meters; the new project aims to increase this to 30.80 square meters [3][12]. - The company anticipates a continuous need for research personnel, with the number of R&D staff projected to grow from 1,479 at the end of 2022 to 1,552 by mid-2025 [7][8]. - The project is designed to accommodate both current and future personnel needs, ensuring that the office space is utilized efficiently and effectively [12][17]. Group 3: Training and Demonstration Activities - The company has a long-standing practice of conducting training and demonstration activities, which are essential for ensuring users can effectively utilize complex industrial software [18][19]. - The training and demonstration activities are tailored to specific industries, ensuring relevance and effectiveness in meeting client needs [19][20]. - The project includes dedicated spaces for training and demonstrations, which are critical for enhancing customer experience and operational efficiency [26][28]. Group 4: Economic and Strategic Justifications - Building the training base is seen as a cost-effective solution compared to leasing office space, with projected annual depreciation costs significantly lower than rental expenses [16][17]. - The project aligns with the company's future development plans, providing necessary infrastructure to support growth in product design, software development, and training [14][15]. - The strategic location of the project in Huzhou offers logistical advantages, being well-connected to major cities in the Yangtze River Delta [26][27].