Core Insights - The article discusses the successful launch of the "Yaotai" computing base station by Chasing Technology, which was deployed on the Kuaizhou-11 rocket and aims to conduct systematic testing in a sun-synchronous orbit approximately 561 kilometers above the Earth [1]. Group 1 - Chasing Technology plans to launch a series of "Yaotai" space computing satellites, with a goal of deploying 2 million satellites to create a computing network system [1]. - The "Yaotai" series of space computing boxes will deploy computing nodes via satellites, leveraging the space environment to address energy and heat dissipation issues [1]. - This initiative is expected to significantly enhance the reliability and on-orbit lifespan of space data computation, achieving twice the industry average [1].

股票研究 /[Table_Date] 2026.03.15 [Table_Industry] 计算机 计算机周观点第 36 期：OpenClaw 生态 加速扩张，模型与算力协同升级 | [姓名table_Authors] | 电话 | 邮箱 | 登记编号 | | --- | --- | --- | --- | | 杨林(分析师) | 021-23183969 | yanglin2@gtht.com | S0880525040027 | | 吕浦源(分析师) | 021-23183822 | lvpuyuan@gtht.com | S0880525050002 | | 钟明翰(研究助理) | 021-38031383 | zhongminghan@gtht.com | S0880124070047 | 本报告导读： 本周，OpenClaw 生态持续扩张，GPT-5.4 发布并强化 Agent 能力，AWE 2026 上 GPU、光互连超节点及太空算力芯片集中亮相。 投资要点： 请务必阅读正文之后的免责条款部分 [Table_Invest] 评级： 增持 [Table_Report] 相关报告 计算机《英伟达 G ...

Investment Rating - The report maintains an "Overweight" rating for the computer sector [4] Core Insights - The OpenClaw ecosystem is rapidly expanding, with deployment barriers decreasing and competition intensifying. OpenAI's release of GPT-5.4 enhances model capabilities towards a unified approach. AWE 2026 serves as a significant launch window for new domestic chips, indicating a shift towards infrastructure and cutting-edge applications [2][5] Summary by Sections Investment Highlights - The OpenClaw ecosystem is experiencing rapid growth, with a 30-day token usage of approximately 10.2 trillion tokens and coverage of 344 models as of March 13. Domestic companies are intensifying their deployment and entry strategies, with notable developments from Zhiyu and other major players [5] - OpenAI's GPT-5.4 integrates reasoning, programming, native computer interaction, deep web search, and supports a context of millions of tokens, achieving success rates of 67.3%, 92.8%, and 75.0% in various tests. The model also reduces token usage by 47% while lowering factual error rates by 33% [5] - AWE 2026 is highlighted as a crucial platform for launching new domestic chips, with various companies showcasing advancements in GPU technology and smart home computing solutions [5] Recommended Stocks - The report recommends the following stocks with their respective earnings forecasts and ratings: - Rilian Technology: EPS forecast of 1.25 in 2024, rated "Overweight" [6] - Kingsoft Office: EPS forecast of 3.56 in 2024, rated "Overweight" [6] - Haiguang Information: EPS forecast of 0.83 in 2024, rated "Overweight" [6] - Inspur Information: EPS forecast of 1.56 in 2024, rated "Overweight" [6] - Hehe Information: EPS forecast of 4.93 in 2024, rated "Overweight" [6] - Hikvision: EPS forecast of 1.30 in 2024, rated "Overweight" [6] - Saiyi Information: EPS forecast of 0.34 in 2024, rated "Overweight" [6] - Xinguodu: EPS forecast of 0.42 in 2024, rated "Overweight" [6] - Xunce: EPS forecast of -0.28 in 2024, rated "Overweight" [6] - Jushuitan: EPS forecast of 6.82 in 2024, rated "Overweight" [6]

Core Viewpoint - The article highlights the advancements in China's semiconductor industry, particularly focusing on the launch of the "Tianqiong" series chips by Chasing Technology and the ambitious plans for a satellite-based computing network aimed at enhancing AI capabilities in space [1][3]. Group 1: Product Launch and Features - Chasing Technology has officially launched the "Tianqiong" series chips, which have achieved large-scale production and will be integrated into their robotic product line [1]. - The "Tianqiong" series chips are noted for their high integration as a System on Chip (SoC), featuring a multi-core CPU, dedicated NPU, and independent MCU, designed to support advanced algorithms for laser radar and AI visual perception [3]. - These chips significantly improve navigation accuracy for robotic products in complex home environments, addressing long-standing industry challenges such as maintenance difficulties [3]. Group 2: Space Computing Initiative - Chasing Technology has proposed a groundbreaking plan to launch the "Yaotai" series of computing satellites, aiming to create a network of 2 million satellites [3]. - This initiative is expected to double the reliability and on-orbit lifespan of space data computation, leveraging proprietary inter-satellite laser communication technology and advanced energy management systems [3]. - The upcoming launch of the "Yaotai" series space computing boxes is a critical step towards establishing a supercomputing center in near-Earth orbit, addressing the exponential computing power gap required for AI evolution [3].

开启太空超级算力时代。 本文为IPO早知道原创 作者｜ Stone Jin 微信公众号｜ipozaozhidao 据IPO早知道消息，追觅生态企业「芯际穿越」于3月11日正式发布"天穹"系列芯片，并宣布已实现规模化量产，即将搭载于追觅泛机器人系列产品 中。与此同时，芯际穿越还披露了其太空算力布局的最新进展——近期将发射"瑶台"系列太空算力盒，启动近地轨道超级算力中心建设第一步，这标志 着芯际穿越从研发阶段正式迈入产业化阶段。 当前，AI的爆发正以前所未有的速度重塑着世界运转的底层逻辑。从大模型的涌现到具身智能的萌芽，每一次智能跃迁，背后都是算力的指数级消耗。 芯片，这颗AI时代的心脏，其跳动频率直接决定了探索智能边界的速度与广度。然而，全球AI算力存在着巨大缺口。算力，已成为当下最稀缺、最宝贵 的战略资源，成为国与国、企业与企业之间竞争的核心焦点 。 在这个算力定义未来的关口，芯际穿越应时代而生。这一由追觅孵化的芯片企业，承袭了追觅科技深厚的创新基因。 论坛现场， 芯际穿越首次 向全球展示了 其覆盖智能化终端到太空算力的全场景算力产品矩阵。这一矩阵精准卡位亿万级下一代人工智能计算赛道，展 现了其太空级智能计算 ...