Group 1 - The AI sector is expected to receive a catalyst post-holiday, with the OPEN AI Developer Conference scheduled for October 6 and DeepSeek releasing the DeepSeek-V3.2-Exp model at a 50% price reduction on September 29 [1] - According to Founder Securities, the intelligentization of terminals is an inevitable historical trend, and AI accelerates this process. Edge AI, which requires high demands on computing power, storage, and connectivity, will primarily appear in mature existing smart terminal designs such as smartphones, PCs, cars, wearables, and robots [1] - As of September 30, 2025, the Shanghai Stock Exchange Sci-Tech Innovation Board Artificial Intelligence Index (950180) rose by 1.94%, with constituent stocks such as Hehe Information (688615) up by 7.51%, Lanke Technology (688008) up by 6.30%, and Yuntian Lifei (688343) up by 5.57% [1] Group 2 - The Sci-Tech Innovation Board AI ETF closely tracks the Shanghai Stock Exchange Sci-Tech Innovation Board Artificial Intelligence Index, which selects 30 large-cap stocks that provide foundational resources, technology, and application support for AI [2] - As of August 29, 2025, the top ten weighted stocks in the Shanghai Stock Exchange Sci-Tech Innovation Board Artificial Intelligence Index (950180) include Cambricon (688256), Lanke Technology (688008), and others, with these ten stocks accounting for a total weight of 71.66% [2]

- The report does not contain any specific quantitative models or factors, so there are no details to summarize regarding model names, construction ideas, specific construction processes, or evaluations. - The report primarily focuses on market performance, market sentiment, capital flows, premium and discount rates, institutional attention, and leaderboard data. - Market performance: The report highlights the performance of various indices, including the Shanghai Composite Index, Shenzhen Composite Index, and different sector indices. For example, the Shanghai Composite Index fell by 0.26%, while the Shenzhen Composite Index rose by 0.36% on 2025-09-15[5][6]. - Market sentiment: The report provides data on the number of stocks that hit their daily price limits. On 2025-09-15, 82 stocks hit their upper price limit, and 13 stocks hit their lower price limit[11]. - Capital flows: The report discusses the balance of margin trading and short selling. As of 2025-09-15, the balance was 23,700 billion yuan, with a financing balance of 23,533 billion yuan and a short selling balance of 167 billion yuan[17]. - Premium and discount rates: The report mentions the premium and discount rates of ETFs. On 2025-09-12, the Innovation 100 ETF had the highest premium at 0.99%, while the Sci-Tech AI ETF had the highest discount at 1.56%[21][23]. - Institutional attention: The report lists stocks that have received significant attention from institutions. For example, Crystal Optoelectronics was surveyed by 122 institutions in the past week[28][30]. - Leaderboard data: The report provides data on the net inflows and outflows of institutional seats and Northbound funds. For instance, Cambridge Technology had the highest net inflow from institutional seats on 2025-09-15[34][36].