登录新浪财经APP 搜索【信披】查看更多考评等级 来源：大D谈芯 近日，根据证监会官网信息显示，上海燧原科技股份有限公司辅导状态已变更为"辅导工作完成"。今年 11月1日，上海燧原科技股份有限公司再次向上海证监局进行辅导备案登记，辅导机构由中金公司变更 为中信证券。 根据辅导工作完成报告，中信证券认为： 经辅导，中信证券认为，辅导对象具备成为上市公司应有的公司治理结构、会计基础工作、 内部控制制度，充分了解多层次资本市场各板块的特点和属性；辅导对象及其董事、高级管 理人员、持有百分之五以上股份的股东和实际控制人（或其法定代表人）已全面掌握发行上 市、规范运作等方面的法律法规和规则、知悉信息披露和履行承诺等方面的责任和义务，树 立了进入证券市场的诚信意识、自律意识和法治意识。 01 公司简介 公开资料显示，上海燧原科技股份有限公司成立于2018年，总部位于上海。燧原科技专注人工智能领域 云端算力产品，致力为通用人工智能打造算力底座，提供原始创新、具备自主知识产权的AI加速卡、 系统集群和软硬件解决方案。 凭借其高算力、高能效比的创新架构和高效易用的软件平台，产品可广泛应用于泛互联网、智算中心、 智慧城市，智慧金 ...

Investment Rating - The report maintains an investment rating of "Outperform the Market - A" [5] Core Insights - The 2025 World Artificial Intelligence Conference (WAIC) showcased significant advancements in AI technology, particularly in computing power, algorithms, and applications, indicating a robust growth trajectory for the industry [12][60] - Domestic manufacturers are progressively enhancing their chip performance from inference to training, emphasizing ecosystem support and application scenarios [13][60] - The report highlights the emergence of quantum computing as a disruptive innovation in the computing power industry, with potential for exponential growth in computational capabilities [38][39] Summary by Sections 1. Industry Overview - The WAIC 2025 featured over 800 companies and more than 3000 cutting-edge exhibits, marking the largest scale in its history [12] - The conference focused on AI technology frontiers, industry trends, and global governance practices [12] 2. Computing Power - Domestic chip manufacturers are evolving from inference-focused AI chips to high-performance training chips, showcasing various industry applications [13] - The report notes the importance of supernodes, integrated machines, and liquid cooling solutions as key trends in the future of domestic AI computing power [18][19] 3. Algorithms - The evolution of large models is highlighted, with a shift towards multi-modal capabilities and the integration of deep reasoning and thinking abilities [43][44] - The report emphasizes the growing importance of AI agents and physical AI, which aim to enable intelligent agents to understand and interact with the real world [43][44] 4. Applications - The report identifies a flourishing landscape for both B2B and B2C AI applications, with significant advancements in areas such as AI glasses, smart driving, and robotics [60] - C-end applications focus on AIGC and productivity tools, while B-end applications emphasize cost reduction and efficiency improvements across various sectors [60][61] 5. Quantum Computing - Quantum computing is positioned as a critical future technology, with companies showcasing solutions that leverage quantum mechanics for superior computational capabilities [38][39]