周三（1月7日），创业板人工智能指数再创新高，算力硬件、AI应用双双活跃。其中，致尚科技领涨 超7%，长芯博创、润泽科技涨超5%，蓝色光标、光环新网、光库科技、协创数据等多股涨超3%。光模 块CPO龙头迎来反弹行情，中际旭创涨超2%，新易盛、天孚通信均收涨！ 热门ETF方面，流动性突出的创业板人工智能ETF（159363）全天活跃，场内价格收涨0.79%再创上市 新高，单日成交额超6亿元，资金近两日累计加仓1.7亿元。 AI应用再迎新催化。据智通财经1月7日报道，消息面上，DeepSeek下一代旗舰系统R2预计将在2月份春 节前后问世。此前，Meta斥资数十亿收购Manus也对AI应用板块形成有效提振。 银河证券表示，本次Meta对于Manus的收购是其进一步强化AI能力，加速将AI技术整合至消费级与企业 级产品矩阵的重要一环，通过将Manus整合至Meta的产品中，可以直接实现销售商业化，为Meta提供了 一个高利润率的软件层。本次收购将推动AI应用商业化落地提速，2026年将成为AI应用大年，建议持 续关注AI应用投资机会。* 算力方面，东吴证券表示，展望2026年，海外算力链将保持景气度向上，光互联核心 ...

Macro News - President Xi Jinping emphasized the importance of mutual trust and respect for each other's development paths during a meeting with South Korean President Lee Jae-myung, advocating for dialogue to resolve differences [2] - Premier Li Qiang highlighted the need for high-quality development and innovation during his inspection in Guangdong, aligning with the goals set in the Central Economic Work Conference [2] - The Chinese Foreign Ministry reaffirmed its commitment to deepening practical cooperation with Venezuela, regardless of the political situation in the country [2] Industry News - The State-owned Assets Supervision and Administration Commission (SASAC) stressed the importance of supporting agricultural development, focusing on key areas such as biotechnology, agricultural machinery, and food production [4] - Samsung and SK Hynix are seeking to increase server DRAM prices by 70% [8] - The Shanghai Pudong New Area signed 50 key projects with a total investment exceeding 70 billion yuan, aiming to boost various industrial clusters [8] - The China Passenger Car Association projected a 25% growth in the sales of new energy passenger vehicles in 2025, with December sales showing a year-on-year increase of 4% [8] Company News - The Shanghai Stock Exchange issued a regulatory warning to Tianpu Rubber Technology Co., Ltd. and related responsible parties [9] - Postal Savings Bank announced a cash dividend distribution of 14.772 billion yuan for the first half of 2025, with the record date set for January 9, 2026 [9] - ST Renfu received approval for clinical trials of HW221043 tablets for late-stage solid tumors, with no similar drugs approved in the domestic and international markets [10] - GAC Group signed a comprehensive cooperation framework agreement with Huawei to deepen collaboration on HarmonyOS cockpit and other projects [10] - The announcement from Sailyus indicated a 63.4% year-on-year increase in new energy vehicle sales in December [12]

Group 1 - In 2026, China's commercial space sector is set to witness multiple new rocket launches and recovery challenges, marking a significant development in the country's space ambitions [1] - The "Fifteen Five" plan is initiating a new phase for China's space exploration, including manned lunar missions and the Chang'e 7 mission aimed at finding evidence of water ice on the Moon [1] Group 2 - Emerging market stocks have had a strong start in 2026, reaching their highest level since 2021, driven by optimism around Asia's rising position in artificial intelligence [2] - The MSCI Emerging Markets Index rose by 1.7% on the first trading day of the year, while technology stocks surged by 2.8% due to excitement over new listings and technological advancements [2] Group 3 - DeepSeek has introduced a more efficient AI development method through a new framework called "manifold-constrained hyperconnection" (mHC), aimed at enhancing scalability and reducing computational and energy demands [3] - The next flagship system, R2, is expected to be launched around the Chinese New Year in February [3] Group 4 - The digital renminbi app has been upgraded to version 2.0, enhancing user experience and consolidating wallet access for managing digital currency assets [4] - Since its launch in January 2022, the app has undergone 54 iterations to improve functionality [4] Group 5 - China's "artificial sun" experiment has made breakthroughs in overcoming density limits in nuclear fusion, providing crucial physical evidence for high-density operation in magnetic confinement fusion devices [5] - The findings were published in the international journal "Science Advances" [5] Group 6 - CITIC Securities forecasts that the A-share bull market will continue in 2026, with expectations of a fluctuating upward trend but with slower growth rates [6] - Investors are advised to focus on fundamental improvements and sectoral shifts, particularly in resource commodities as a new investment direction [6] Group 7 - The first "embodied intelligence dataset" has been successfully listed and traded on the Jiangsu Data Exchange, marking a significant milestone in the trading of such datasets nationwide [7][8] Group 8 - In 2025, China approved 76 innovative drugs, significantly surpassing the 48 approved in 2024, setting a new record [9] - The total value of innovative drug licensing transactions exceeded $130 billion, with over 150 deals completed, also a historical high [9] - Among the approved drugs, 80.85% of chemical drugs and 91.30% of biological products were domestically developed [9] Group 9 - CITIC Securities predicts that the quantum computing industry will experience high compound growth, with the global market expected to grow from approximately $5 billion in 2024 to around $800 billion by 2035 [10] - The upstream sector is relatively mature, while the downstream sector shows significant growth potential, projected to increase from $2.7 million in 2024 to $2026.7 million by 2035 [10] Group 10 - China's largest all-vanadium flow battery energy storage station has achieved full-capacity operation, with a rated power of 200,000 kW and a storage capacity of 1 million kWh [11] - The facility is expected to enhance the utilization rate of associated photovoltaic power stations by over 10% annually, potentially generating an additional 230 million kWh of clean electricity [11]

Core Insights - DeepSeek has released a paper outlining a more efficient method for artificial intelligence development [1] - The framework proposed, named "Manifold-Constrained Hyperconnection" (mHC), aims to enhance scalability while reducing the computational power and energy requirements for training advanced AI systems [1] - DeepSeek's next-generation flagship system, R2, is expected to be launched around the Spring Festival in February [2]

格隆汇1月2日｜DeepSeek近日发布论文，阐述了一种更为高效的人工智能开发方法。该论文由创始人 梁文锋参与撰写，提出了名为"流形约束超连接"(mHC)的框架。作者称，该框架旨在提升可扩展性，同 时降低训练先进人工智能系统的算力和能源需求。DeepSeek下一代旗舰系统R2预计将在2月份春节前后 问世。 ...