（记者 张明双） 每经AI快讯，有投资者在投资者互动平台提问：公司旗下砺算近日是否与国内头部云计算公司达成了 战略合作？对砺算科技的发展有何积极影响？ 东芯股份（688110.SH）12月10日在投资者互动平台表示，上海砺算近日与某国内领先云计算服务商签 署了《战略合作框架协议》，双方就未来在国产云桌面系统开发、国产AIPC、云渲染、数字孪生解决 方案等领域的合作达成指导性的框架协议，具体项目未来再另行签订具体的业务协议。上海砺算与该企 业仅签署了上述框架协议，尚未签署订单，目前尚未产生收入。具体请参考相关公告内容，请注意投资 风险。 ...

根据备案事项，五一视界可发行不超过7760.084万股境外上市普通股、38名股东拟将所持合计约3.63亿股境 内未上市股份转为境外上市份，并在香港联合交易所上市流通。 五一视界，于2024年11月29日、2025年5月30日、2025年12月2日递交招股书，中金公司、华泰国际联席保 荐。 五一视界，成立于2015年，前身为当家移动，作为一家数字孪生科技公司，致力于创造地球5.1亿平方公里的 数字版本，是中国数字孪生行业的引领者。公司已围绕3D图形、仿真仿真及人工智能三大领域的技术进行大 量投资并发展核心竞争力，目标是为包括企业、消费者及开发者在内的生态合作伙伴提供接入及构建数字孪 生的解决方案，与其共同打造一个真实、完整且恒久的「数字孪生地球」，最终让现实世界更加高效、安全 与美好，并为人们提供全新视角及技术以认识及改善我们的世界。公司将该计划称为「地球克隆计划」。根 据弗若斯特沙利文的数据，五一视界为中国数字孪生行业的全面领导者：公司为数字孪生行业内首家提出并 始终实践地球克隆计划的公司、于2024年数字孪生行业中收入排名第一、截至2024年底于中国数字孪生解决 方案市场的融资金额排名第一、为中国数字孪生行 ...

（原标题：五一视界冲刺港股IPO） 12月2日，港交所披露，北京五一视界数字孪生科技股份有限公司(以下简称"五一视界")提交上市申请，拟于港股上市，联席保荐人为中金公司和 华泰国际。 五一视界是一家在中国的数字孪生科技公司，围绕3D图形、模拟仿真及人工智能三大领域的技术进行大量投资并发展核心竞争力。 招股书显示，数字孪生技术是一种利用3D图形、模拟仿真及AI来生成实体物件或系统（例如城市建筑或车辆）的高精确度虚拟复制品技术。此虚 拟模型可详细反映现实世界的对应物，使用户能够观察、分析及预测其随时间的行为及变化。数字孪生应用于各个领域，以模拟及规划城市发 展、交通管理及紧急应变策略等影响实际环境的场景。五一视界主要为不同规模及行业的企业提供数字孪生解决方案。公司的行业解决方案涵盖 十多个领域，例如城市、水资源保护、能源、汽车、交通、机器人、娱乐及社交媒体。 公司于2015年2月成立。基于信息数据量的显著增长以及信息载体的迅速进步，公司的创始人观察到实时3D将成为继文本、图像及视像后最有效 的信息交互方式，亦为信息时代发展的必然结果。当时，实时3D主要用于游戏领域，目的使用户沉浸于一种虚拟世界的娱乐交互中。鉴于科 ...

11月28日，中国证监会国际合作司发布《关于北京五一视界数字孪生科技股份有限公司境外发行上市及境内未上市股份"全流通"备案通知书》。公司拟发行 不超过77,600,840股境外上市普通股并在香港联合交易所上市。公司38名股东拟将所持合计363,299,144股境内未上市股份转为境外上市股份，并在香港联合 交易所上市流通。 公司的目标是为包括企业、消费者及开发者在内的生态合作伙伴提供接入及构建数字孪生的解决方案，并与彼等合作共同打造一个真实、完整且恒久的"数 字孪生地球"，最终让现实世界更加高效、安全与美好，并为人们提供全新视角及技术以认识及改善世界。 据招股书，51WORLD是一家致力于克隆地球5.1亿平方公里的科技公司，属于数字孪生行业。公司已围绕3D图形、模拟仿真及人工智能三大领域的技术进 行大量投资并发展核心竞争力。 ...

智通财经APP获悉，11月28日，中国证监会国际合作司发布《关于北京五一视界数字孪生科技股份有限公司境外发行上市及境内未上市股份"全流通"备案通 知书》。公司拟发行不超过77,600,840股境外上市普通股并在香港联合交易所上市。公司38名股东拟将所持合计363,299,144股境内未上市股份转为境外上市 股份，并在香港联合交易所上市流通。 据招股书，51WORLD是一家致力于克隆地球5.1亿平方公里的科技公司，属于数字孪生行业。公司已围绕3D图形、模拟仿真及人工智能三大领域的技术进 行大量投资并发展核心竞争力。 公司的目标是为包括企业、消费者及开发者在内的生态合作伙伴提供接入及构建数字孪生的解决方案，并与彼等合作共同打造一个真实、完整且恒久的"数 字孪生地球"，最终让现实世界更加高效、安全与美好，并为人们提供全新视角及技术以认识及改善世界。 ...

Core Viewpoint - Dongxin Co., Ltd. (688110.SH) has issued a notice regarding market rumors about a large GPU chip order with its investee, Lishuan Technology (Shanghai) Co., Ltd. [1] Group 1: Company Developments - Lishuan Technology has signed a strategic cooperation framework agreement with a leading domestic cloud computing service provider, focusing on future collaboration in areas such as domestic cloud desktop systems, domestic AIPC, cloud rendering, and digital twin solutions [1] - Currently, only the framework agreement has been signed, and no specific orders have been finalized, meaning no revenue has been generated from this partnership yet [1] - Dongxin's investment in Lishuan Technology is accounted for using the equity method and is not included in the consolidated financial statements [1]

Group 1 - The 2025 Guangdong-Hong Kong-Macao Greater Bay Area Cultural Industry Investment Conference was held in Guangzhou from November 26 to 28 [2] - Founder of Fantawild, Wu Suiying, emphasized the Greater Bay Area as a fertile ground for innovation and entrepreneurship, highlighting the company's growth alongside the region's infrastructure development since its establishment in 2002 [2] - Fantawild became the exclusive digital image supplier for the 2010 Guangzhou Asian Games, producing nearly a thousand promotional videos and digital visual work, leading to a transformation from a visualization technology provider to a comprehensive digital solution service provider [2] - The company went public on the Shenzhen Stock Exchange in 2022 after several financing rounds and preparations for transitioning from the New Third Board to the Growth Enterprise Market [2] Group 2 - In 2016, Wu Suiying founded Guangzhou Virtual Power Network Technology Co., Ltd., focusing on AI inertial vision algorithms and motion capture equipment, with products launched three years later [2] - In 2020, Fantawild crowdfunded the development of its proprietary Ai3D software, which is now widely applied in various sectors including intelligent manufacturing, water conservancy, and energy [2] - The company collaborated with top research institutions, including Peking University Shenzhen Research Institute, to create a fully self-developed embodied intelligent data training and simulation platform, aiming to build a third growth curve [3] - Fantawild aims to leverage its expertise in art design and cultural understanding, combined with its Ai3D technology, to develop market-leading cultural products and promote Chinese culture globally [3]

Core Insights - The Chongqing Sensor Industrial Park is a collaborative project between China Railway Construction Corporation and the Beibei District of Chongqing, utilizing a PPP model to foster new productive forces in the industry [1][4] - Yuan San Digital Technology Co., a key player in the park, focuses on digital twin technology and educational integration, providing tailored digital solutions across various sectors [2][4] - The park has seen significant investment and development, with a total investment of approximately 2.693 billion yuan, and has attracted 32 enterprises, contributing to the local economy and industry growth [6][7] Investment and Development - The park has completed an investment of about 2.693 billion yuan, accounting for approximately 57% of the total planned investment [6] - It has established a strong ecosystem, with 32 companies currently operating within the park, enhancing collaboration and order generation among businesses [2][6] - The park aims to align with national strategies, focusing on three main industries: intelligent connected new energy vehicles, next-generation electronic information technology, and medical and biological technology [6][7] Industry Performance - Chongqing has been recognized as a "Motorcycle Capital," with motorcycle exports reaching 19.86 billion yuan in the first three quarters of 2025, marking a year-on-year increase of 37.9% [4][6] - Yuan San Digital has completed numerous digital twin applications in sectors such as smart city management and agriculture, indicating a growing demand for digital transformation solutions [2][4] - The park's strategic location and infrastructure are conducive to attracting more industry-related enterprises, further enhancing its operational efficiency and reducing transaction costs [6][7]

Core Viewpoint - The implementation of innovative IPO policies and the strengthening of the Hong Kong stock market have accelerated the process for unprofitable companies to go public under the "18A" and "18C" listing rules since 2025 [1][2]. Group 1: IPO Trends - Since 2025, a total of 9 companies have submitted applications to the Hong Kong Stock Exchange under the "18C" listing rule, with 5 of these companies applying after the launch of the "Special Line for Science and Technology Companies" in May 2025 [1][2]. - A total of 18 companies have submitted applications under the "18A" listing rule since 2025, with the number for the entire year expected to surpass the 20 companies that applied in 2024 [1][2]. Group 2: Company Characteristics - The 9 companies applying under the "18C" rule are primarily from the fields of artificial intelligence and robotics, each with unique characteristics [3]. - For instance, Chengtai Technology is the largest supplier of forward-looking millimeter-wave radar in China, while Yunjike Technology is a leading provider of robotic service agents in the hotel sector [3]. Group 3: Market Environment - The Hong Kong market is noted for its strong inclusivity and maturity, which contrasts with the A-share market's previously unpredictable stance on unprofitable companies [4]. - The A-share IPO market is gradually increasing its tolerance for unprofitable companies, as indicated by recent policy changes from the China Securities Regulatory Commission [4]. Group 4: Impact of Policy Innovations - The recent IPO policy innovations in Hong Kong have created a more flexible and diverse listing environment, particularly benefiting innovative pharmaceutical companies that are still in the R&D phase [6]. - The introduction of the "Special Line for Science and Technology Companies" allows companies to submit listing applications confidentially, protecting their commercial secrets and facilitating the listing preparation process [6]. Group 5: Market Performance - As of June 25, 2025, the Hang Seng Index has risen approximately 20% since the beginning of the year, with over 80% of the 72 listed "18A" companies experiencing an increase in their stock prices [7]. - The positive performance in the secondary market has boosted investor confidence, attracting overseas capital into the Hong Kong stock market [7].

Core Insights - 51WORLD has submitted its listing application to the Hong Kong Stock Exchange, marking its renewed approach to the capital market [1] - The company aims to create a "digital twin earth" and has successfully reached the fourth phase of its development, focusing on real-time generation and rendering technology [5] Company Overview - Founded in 2015 and headquartered in Beijing, 51WORLD has a registered capital of 10 million yuan and specializes in 3D graphics, simulation, and artificial intelligence [1] - It is the first company in the digital twin industry to propose and implement an earth cloning plan, ranking first in revenue within the industry in 2023 [1][3] Financial Performance - 51WORLD achieved annual revenues of 170 million yuan, 256 million yuan, and 287 million yuan for the years 2022, 2023, and 2024 respectively, indicating growth despite facing net losses of 190 million yuan, 87 million yuan, and 82 million yuan during the same period [3] - The company's gross margin decreased from 65.0% in 2022 to 51.1% in 2024, primarily due to changes in revenue structure [3] Technological Capabilities - The digital twin architecture of 51WORLD includes a data foundation layer, core technology layer, software platform layer, and industry application layer, enabling comprehensive solutions in the digital twin field [4] - The company collaborates with institutions like the University of Science and Technology of China and Baidu on projects such as the Haidian City Brain, integrating data from approximately 170,000 buildings and urban components [4] Client and Supplier Base - 51WORLD serves a diverse client base across various sectors, including urban development, water resources, energy, automotive, transportation, and robotics [4] - The company has established relationships with key suppliers, including hardware and software providers, with some overlap between clients and suppliers [4] Investment and Market Position - 51WORLD has received support from several prominent independent investors, including LS 51World, Sky9 51World, and SenseTime, which holds a 2.3% stake in the company, reflecting confidence in its future development [4] - The company previously sought listing opportunities on the Shanghai Stock Exchange's Sci-Tech Innovation Board and the Beijing Stock Exchange but ultimately chose to pursue the Hong Kong Stock Exchange [4]