Huayuan Securities: Autonomous Agents Initiate the Third Scaling Phase; Recommend Focusing on Domestic High-Barrier Technology Enterprises

The emergence of AI-native products is expected to accelerate, amplifying short-term fluctuations in the industry while validating its long-term trajectory. Returning to the ROI analysis framework, it is anticipated that by 2026, there will be a significant upward revision in Agent's "Token-to-ARR" ratio.

Zhitong FinanceFeb 6 03:02 ET

A cluster of STAR Market companies have been listed on the 'China Top 500 Enterprises' ranking, with Shanghai leading in growth rate.

①The Hurun Research Institute released the "Hurun China 500 Strong 2025" list, showcasing an upward trend in both the scale and quality of China's private economy. ②The list indicates that companies in hard technology sectors such as semiconductors, biomedicine, and new energy have seen increases in both quantity and market value. Shanghai has become the city with the fastest growth in the number of listed companies nationwide, with a cluster of STAR Market enterprises making the list.

cls.cnFeb 5 09:30 ET

Hua Fu Securities: AI servers and high-performance computing facilities are driving demand for advanced PCBs, with a core focus on leading companies in high-end PCBs and materials.

In 2026, the entire industry is expected to face a tight supply of both production capacity and materials. Prices of related companies' products are likely to continue rising, while profitability is anticipated to improve significantly.

Zhitong FinanceFeb 2 21:15 ET

Orient Securities: Moltbot Reconstructs Personal AI Assistants, Pioneering a New Track in Edge Computing Hardware

The bank believes that Moltbot needs to continuously monitor messages and serve as the system's wake-up hub, presenting clear power consumption requirements.

Zhitong FinanceFeb 1 22:30 ET

2025 Annual Performance Forecast

SZSIJan 30 11:00 ET · Announcements

Cambricon forecasts up to 2.15 billion yuan in profits by 2025, but Q4 performance fell short of analysts' expectations.

①Cambricon is expected to achieve annual revenue of RMB 6 billion to RMB 7 billion in 2025, representing a year-on-year increase of 410.87% to 496.02%. The net profit attributable to shareholders after deducting non-recurring items is projected to range from RMB 1.6 billion to RMB 1.9 billion; ②Cambricon stated that in 2025, benefiting from the continuous rise in computing power demand within the artificial intelligence industry, the company will further expand its market presence by leveraging the superior competitiveness of its products.

cls.cnJan 30 08:01 ET