作者 | candywisdom 编辑 | 自动驾驶之心 原文链接： https://zhuanlan.zhihu.com/p/1970953355355469364 点击下方 卡片 ，关注" 自动驾驶之心 "公众号 戳我-> 领取 自动驾驶近30个 方向 学习 路线 >>自动驾驶前沿信息获取 → 自动驾驶之心知识星球 本文只做学术分享，如有侵权，联系删文 从自动驾驶转到具身智能已经有一年的时间了，之前在自动驾驶上一系列工作和一些个人思考还一直没有好好的做个总结。（Ps: 虽然广义来说，自动驾驶属于具身智 能的子领域，但是现阶段二者所面临的问题和解决问题的具体方式还是存在较大差异，所以还是算是进入了一个转向了一个新的方向。） 可预期的短时间内，主要精力投入应该不会放在自动驾驶上了，但总觉得该给自动驾驶的这段经历留个记录。倒不是说这些工作多"惊天动地"，反而有些是"关注度不 高但挺实在"的探索，它们可能没上过热搜，但个人认为其确确实实解决过实际问题，希望可以给做相关方向的朋友提供点参考。 1. 从目标检测开始逐步往端到端planning拓展，构建一个强有力的端侧policy； 2. 针对端到端模型的闭环评测和训 ...

智通财经APP获悉，广发证券发布研报称，无论算力还是应用，未来一段时间计算机行业仍然将是以内 需TOB方向为主。国产算力包括芯片、服务器和EDA等替代加速，ERP与工业软件包括智能制造等企业 应用，智能驾驶与机器人方向，鸿蒙等国产基础软件生态推进等。社融和制造业等下游新增贷款的好转 有利于保障后续相关开支。考虑到前期行业表现较为平淡、三季报中规中矩以及前述下游开支的前瞻信 号，短期市场环境和风险偏好的影响或许有限。 广发证券主要观点如下： 下游开支的前瞻变化 ①上半年ERP和智能制造等企业应用在收入增长的同时面临下游因为关税等影响订单释放节奏的挑战。 而三季度以来PMI和社融变化等前瞻指标有积极变化。②观察社融数据的变化，该行可以预期下游扩张 在波动中回暖，相对于去年同期而言在未来1~2个季度或有改善。③PMI环比有所回落，但是ERP和智 能制造软件应用的主要下游高技术制造业、装备制造业、消费品行业的PMI指数均处于扩张区间。④因 此可以预期相关软件技术和应用公司在四季度至一季度会有更好的收入表现。 EDA领域 ①根据新思科技财报电话会议，其业绩主要受到IP业务表现不佳的影响，原本预计会达成的一些交易并 未实 ...

Core Insights - The 27th China International High-tech Achievements Fair features the Asia Semiconductor and Integrated Circuit Industry Exhibition, emphasizing "full-chain collaboration, technological breakthroughs, and global connections" [2] - The event aims to create a high-quality platform for innovation exchange and business cooperation in the global semiconductor industry, showcasing over 350 leading companies in the semiconductor and integrated circuit sectors [2][3] Group 1: Event Overview - The exhibition is a key part of China's high-tech sector and has attracted over a million participating companies since its inception in 1999, positioning itself alongside major national exhibitions [2] - The event focuses on strategic emerging industries and aims to enhance the semiconductor industry's position in the global value chain [2] Group 2: Exhibition Highlights - The exhibition features cutting-edge products and technologies, allowing professionals and technology enthusiasts to engage with advanced chip design solutions and semiconductor equipment [3] - Interactive discussions between technical personnel and attendees foster collaboration and innovation within the industry [3] Group 3: Forum and Discussions - A "1+N" forum system has been established, featuring a main forum and multiple specialized forums to facilitate high-level discussions on industry challenges and technological advancements [4][5] - Key industry leaders and representatives from government and research institutions gather to explore new opportunities for international cooperation [4] Group 4: Awards and Recognition - The event includes an awards ceremony recognizing outstanding companies in the semiconductor sector, with categories such as "High Chip Navigation Award" and "High Chip Breakthrough Award" [8] - The awards aim to encourage innovation and increase research investment among market participants [8] Group 5: Future Prospects - The exhibition continues to showcase core technologies and innovative products, reinforcing China's commitment to high-quality development in the semiconductor industry [10] - The event serves as a bridge for global semiconductor resources, promoting a comprehensive innovation ecosystem that includes research, technology breakthroughs, and talent support [10]

Core Viewpoint - The 2025 Integrated Circuit Development Forum (Chengdu) and the 31st Integrated Circuit Design Exhibition will be held on November 20-21, 2025, in Chengdu, gathering over 8,000 industry elites and 2,000 IC companies to discuss future trends in the IC industry [2]. Event Details - The event will feature a peak forum and specialized forums covering various topics related to the integrated circuit industry, including EDA, IP, design services, manufacturing, and packaging [4][7]. - The venue is Chengdu Xibo City, with specific locations for the peak forum and specialized exhibitions [3]. Forum and Exhibition Layout - The conference will include one peak forum, ten sub-forums, and one industry exhibition, focusing on cutting-edge technologies, application scenarios, industry policies, and macro development trends [4]. - High-level executives from leading companies will present reports on technology and development in the integrated circuit industry [7]. Schedule Overview - The event schedule includes a welcome dinner, various specialized sessions on IP and IC design services, advanced packaging and testing, EDA, and foundry technologies [8]. - The exhibition will run concurrently, providing opportunities for networking and business development [8]. Transportation and Accessibility - The venue is easily accessible by car, metro, and bus, with specific routes and stations detailed for attendees [23][24]. - Shuttle services will be available from designated hotels to the venue during the event [25].

Core Viewpoint - The article discusses the transition from autonomous driving to embodied intelligence, highlighting the differences in challenges and solutions between the two fields. It emphasizes the importance of documenting past experiences in autonomous driving, despite the focus shifting to embodied intelligence. Research Areas Summary - The main research areas include 3D fusion perception, trajectory prediction, end-to-end motion planning, sensor simulation, traffic flow simulation, and foundational models for intelligent driving. These areas are interconnected and aim to build a comprehensive autonomous driving algorithm system [2][5]. 1. Sparse4D Series: Multi-Sensor Fusion Perception Framework - The Sparse4D series aims to improve perception performance by utilizing sparse queries and projection sampling from multi-view images, avoiding the computational costs associated with BEV (Bird's Eye View) methods. Sparse4D v1 introduced deformable aggregation for sparse fusion, while v2 improved temporal fusion complexity from O(T) to O(1) [6][9]. Sparse4D v3 further enhanced detection and tracking capabilities, achieving top rankings in camera-only detection and tracking leaderboards [11][13]. 2. SparseDrive: End-to-End Planning Attempt - SparseDrive integrates online mapping and motion planning, achieving five tasks: detection, tracking, mapping, prediction, and planning. It raises concerns about the simplicity of its planning decoder and the need for closed-loop performance evaluation [13][15]. 3. EDA & UniMM: Trajectory Prediction and Traffic Flow Simulation - EDA (Evolving and Distinct Anchors) addresses the core issue of anchor and sample allocation in trajectory prediction, enhancing model convergence. UniMM unifies existing traffic simulation models and proposes a general algorithm framework, addressing key performance factors [16][20]. 4. DriveCamSim: Sensor Simulation - DriveCamSim focuses on creating a highly controllable sensor simulation system to evaluate autonomous driving models efficiently. It emphasizes the need for a simulation system that can accurately reflect model performance without relying solely on real-world testing [22][24]. 5. LATR: Foundational Model for Intelligent Driving - LATR aims to build a robust foundational model for intelligent driving using large datasets and parameters. It employs a masking strategy for unsupervised training and integrates multiple tasks into a unified framework, demonstrating effective performance [26][27]. Conclusion and Outlook - The seven modules collectively form the core link of the autonomous driving system, indicating a correct technological path. The article suggests that the future focus should be on efficient evaluation systems and the potential of reinforcement learning to enhance model performance [30][31].

Summary of Key Points from Conference Call Records Industry or Company Involved - The discussion revolves around the "Fifteen Five" plan and its implications for various industries in China, particularly focusing on technology, advanced manufacturing, and service consumption sectors. Core Insights and Arguments 1. **Economic Growth Target**: The "Fifteen Five" plan aims for an average GDP growth rate of 4.7%-5% to double the economic output by 2035, transitioning from scale-driven to innovation-driven growth [1][2][4] 2. **Focus on Technological Innovation**: Emphasis on technological innovation as a national strategy, with sectors like broad technology, new energy, nuclear power, and energy storage expected to benefit significantly [1][4][6] 3. **Supply and Demand Balance**: The plan highlights the need for both supply-side optimization and demand-side stimulation, including the elimination of outdated production capacity and enhancement of advanced manufacturing levels [1][4][5] 4. **Service Consumption Growth**: Increased focus on service-oriented consumption, particularly in finance, healthcare, tourism, and dining, as part of the economic recovery strategy [1][4][6][7] 5. **High-Level Opening and Domestic Market**: The plan promotes high-level foreign investment and the establishment of a unified domestic market, aiming to attract international investment while mitigating risks in real estate and local government debt [1][5] 6. **Strategic Metals Investment**: Strategic metals such as copper, aluminum, and rare earths are identified as key investment areas due to their importance in the new economic landscape [1][7] Other Important but Possibly Overlooked Content 1. **Aging Population and Fiscal Policy**: The fiscal policy will increasingly address issues related to an aging population and declining birth rates, focusing on improving living standards and social security [3][9] 2. **High-End Manufacturing and Software Development**: High-end manufacturing is seen as a core driver of the economy, with industrial software becoming crucial in the context of US-China competition [12][17] 3. **Emerging Technologies**: The development of humanoid robots and embodied intelligence is expected to play a significant role in enhancing productivity and driving economic transformation [15][17] 4. **Investment Trends**: Recent capital expenditures are focused on domestic equipment procurement, particularly in the semiconductor industry, which is crucial for achieving self-sufficiency [16][20] 5. **New Consumption Trends**: The new consumption landscape is shifting towards emotional value-driven and quality consumption, with significant potential in offline retail reform and online interest-based consumption [19][20] 6. **Military Modernization**: The "Fifteen Five" plan includes goals for military modernization, with a focus on defense information technology, which is expected to see increased investment starting in 2026 [23] This summary encapsulates the key points discussed in the conference call, highlighting the strategic directions and potential investment opportunities within the context of China's "Fifteen Five" plan.

Core Insights - The article highlights the emergence of "hidden champions" in the industrial software sector, which, despite their smaller size and lower visibility, dominate specific niches with core technologies [1][2] - These companies are pivotal in driving the digital transformation of Chinese manufacturing, especially in the context of increasing domestic software independence [2][4] Industrial Software ETF Launch - The first industrial software ETF (159108) will be publicly offered from October 27, providing investors with a new tool to invest in "hidden champion" companies [3] - This ETF tracks the National Certificate Industrial Software Theme Index, covering the industrial software value chain [18] Market Dynamics and Policy Support - The current international environment has elevated the strategic importance of self-sufficient industrial software, with a gradual shift away from foreign monopolies [4][5] - The Ministry of Industry and Information Technology has set a target to complete approximately 2 million sets of industrial software updates by 2027, providing strong support for industry growth [6] Economic Indicators - Recent economic data indicates a gradual recovery in the manufacturing sector, with profits of large industrial enterprises reaching 46,929.7 billion yuan, a year-on-year increase of 0.9% [7] - The demand for industrial software is closely linked to the digital transformation of downstream manufacturing, with signs of improvement in the performance of industrial software companies [8] Performance Metrics - In the first half of 2025, the average revenue growth rate for industrial software index constituents rose to 2.15%, while net profit growth averaged 141.21% [9] - The industrial software index has shown strong historical performance, with a cumulative return of 251.95% since 2013, outperforming the China Securities Software Index [22][24] AI Integration and Innovation - The integration of artificial intelligence is revolutionizing the industrial software landscape, with a projected compound annual growth rate of 19% for the core industrial software market from 2024 to 2029 [13] - AI is enhancing software performance and changing business models, making subscription-based services more acceptable to users [13][15] Company Developments - Domestic software companies are transitioning from "usable" to "user-friendly," with significant improvements in product functionality and performance [15] - Mergers and acquisitions are becoming a key strategy for technological advancement, as seen with Huada Jiutian's acquisition of Chipda Technology and Chiphe Semiconductor [16] Investment Landscape - The ETF's composition includes a significant proportion of small to mid-cap stocks, with over 70% of the total market capitalization being below 50 billion yuan, which maintains growth potential while reducing concentration risk [19] - The top ten weighted stocks in the index account for 58% of the total weight, featuring companies like Huada Jiutian and Zhongwang Software, which are recognized as hidden champions [18][19]

Core Viewpoint - The current external environment and increasing policy risks highlight the urgency for China's technological self-reliance, accelerating the replacement process and creating new opportunities in industries such as trusted computing and industrial software [1] Industry Summary - From January to August 2025, China's software business revenue grew by 12.6% year-on-year, indicating a positive industry performance [1] - Policy initiatives include the establishment of a unified service platform for AI large models in the government sector, promoting resource consolidation [1] - Global demand for AI computing power continues to expand, as evidenced by strategic partnerships like OpenAI with Broadcom and Microsoft's deployment of superclusters on Azure [1] Focus Areas - In the trusted computing sector, attention should be given to opportunities in domestic hardware, foundational software (databases, operating systems, middleware), and application software [1] - The industrial software sector should focus on technological breakthroughs in product design and production control, including areas such as EDA, CAD, and CAE [1] Investment Vehicle - The Computer ETF (512720) tracks the CS Computer Index (930651), which selects listed companies in software development and IT services from the Chinese A-share market to reflect the overall performance of the computer industry [1] - The index emphasizes companies with high technological content and strong innovation capabilities [1]

New Stock Offerings - Daming Electronics has an offering code of 732376, with an issue price of 12.55 yuan per share and a subscription limit of 0.95 million shares [1] Economic and Policy Updates - The National Energy Administration reported that in September, the total electricity consumption reached 888.6 billion kilowatt-hours, a year-on-year increase of 4.5%. The breakdown shows that the primary industry consumed 12.9 billion kilowatt-hours (up 7.3%), the secondary industry 570.5 billion kilowatt-hours (up 5.7%), the tertiary industry 176.5 billion kilowatt-hours (up 6.3%), while residential electricity consumption decreased by 2.6% to 128.7 billion kilowatt-hours. Cumulatively, from January to September, total electricity consumption was 7,767.5 billion kilowatt-hours, up 4.6% [6] - The State Post Bureau announced that in September, the postal industry generated a business income of 152.57 billion yuan, a year-on-year increase of 6.8%. The express delivery business income was 127.37 billion yuan, up 7.2% [6] Company News - Anshi China stated that decisions made by its Dutch headquarters are not legally effective within China, and Zhang Qiuming's position remains unchanged [8] - Yushu Technology has completed its name change, with Wang Xingxing appointed as chairman [9] - Huagong Technology is planning to issue H-shares and list on the Hong Kong Stock Exchange [11] - Jinggong Steel Structure has signed a significant overseas project worth approximately 1.23 billion yuan [11] - Tenda Construction has jointly won a major engineering project worth 469 million yuan [11] - Xinlai Materials' subsidiary plans to invest 2 billion yuan in a semiconductor core component project [11] - Shuangliang Energy plans to raise no more than 1.292 billion yuan through a private placement for projects including a zero-carbon intelligent manufacturing factory [11] - Youfa Group reported a year-on-year net profit increase of 2320.53% in the third quarter [11] - Beifang Navigation reported a year-on-year net profit increase of 1681.27% in the third quarter [11] - Shengyi Electronics expects a year-on-year net profit increase of 476% to 519% for the first three quarters [11] - Kelin Electric reported a year-on-year net profit increase of 705.48% in the third quarter [11] - Tianneng Heavy Industry reported a year-on-year net profit increase of 1359.03% for the first three quarters [11] - Hualv Biotechnology reported a year-on-year net profit increase of 619.37% in the third quarter [11] - Te Yi Pharmaceutical reported a year-on-year net profit increase of 985.18% for the first three quarters [11] - Zhuoyi Information reported a year-on-year net profit increase of 2074.65% in the third quarter [11]

New Stock Subscription - Daming Electronics has a subscription code of 732376, with an issue price of 12.55 yuan per share and a subscription limit of 0.95 million shares [1] Important News - The main goals for the "14th Five-Year Plan" period include significant achievements in high-quality development, substantial improvements in technological self-reliance, and enhanced social civilization levels. By 2035, the aim is to elevate China's economic, technological, and comprehensive national strength significantly, achieving a per capita GDP at the level of moderately developed countries [4] - A press conference will be held on October 24 to introduce and interpret the spirit of the 20th Central Committee's Fourth Plenary Session, with live broadcasts from major media outlets [4] - The Ministry of Commerce announced that Vice Premier He Lifeng will lead a delegation to Malaysia for new rounds of Sino-U.S. economic and trade consultations from October 24 to 27 [4] - The Ministry of Commerce expressed strong dissatisfaction and firm opposition to the EU's recent sanctions against Chinese companies, including major oil refineries, stating that such actions undermine China-EU economic cooperation and global energy security [5] - The National People's Congress will continue reviewing the cybersecurity law amendment draft, which aims to enhance the safety and development of artificial intelligence [6] Company News - Anshi China stated that decisions made by its Dutch headquarters are not legally effective in China, and Zhang Qiuming's position remains unchanged [9] - Yushutech has completed its name change, with Wang Xingxing appointed as chairman [10] - Huagong Technology is planning to issue H-shares and list on the Hong Kong Stock Exchange [11] - Jinggong Steel Structure signed a significant overseas project worth approximately 1.23 billion yuan [12] - Tengda Construction won a major engineering project worth 469 million yuan [13] - Xinlai Materials' subsidiary plans to invest 2 billion yuan in a semiconductor core component project [14] - Shuangliang Energy plans to raise no more than 1.292 billion yuan through a private placement for projects including a zero-carbon intelligent manufacturing factory [15] - Youfa Group reported a 2320.53% year-on-year increase in net profit for the third quarter [16] - Beifang Navigation reported a 1681.27% year-on-year increase in net profit for the third quarter [17] - Shengyi Electronics expects a year-on-year net profit increase of 476% to 519% for the first three quarters [18] - Colin Electric reported a 705.48% year-on-year increase in net profit for the third quarter [19] - Tianneng Heavy Industry reported a 1359.03% year-on-year increase in net profit for the first three quarters [20] - Hualv Biological reported a 619.37% year-on-year increase in net profit for the third quarter [21] - Te Yi Pharmaceutical reported a 985.18% year-on-year increase in net profit for the first three quarters [22] - Zhuoyi Information reported a 2074.65% year-on-year increase in net profit for the third quarter [23] Broker Insights - Guotai Junan highlighted the explosive growth of the electric heavy truck market in China, driven by trade-in policies, which is expected to create significant opportunities for the lithium battery industry [25] - Zhongyuan Securities noted the ongoing trend of domestic production in the IT industry, emphasizing the importance of developments in key software areas like Hongmeng and EDA amidst increasing international challenges [26]