证券日报网讯 2月27日，洲明科技在互动平台回答投资者提问时表示，公司产品可应用于沙盘推演、指 挥中心等场景。 （文章来源：证券日报） ...

在这波AI产业浪潮中，单纯的模型研发已不再是唯一焦点，"算法+硬件+场景"的全链条融合正成为商 业化落地的核心关键。作为全球LED显示产业的龙头企业，洲明科技（300232.SZ）凭借前瞻的战略布 局，早已与智谱AI形成"资本+产业"的深度绑定，成为智谱AI生态中"显示具身化"的重要落地者。然 而，从二级市场表现来看，公司当不到百亿的市值尚未充分反映其在AI领域的先发优势与高成长潜 力。随着港股AI板块的持续升温，洲明科技的投资价值正迎来基本面、成长性与估值逻辑的三重共 振，一场全面的价值重估已然箭在弦上。 2月24日上午的市场走势显示，港股市场人工智能板块整体延续量价齐升的火爆态势，智谱 （02513.HK）继续大涨20.89%，MINIMAX-WP(00100.HK)涨7.85%。这波行情的背后，是国产大模型 商业化落地进程的全面提速。OpenRouter最新发布的周度数据显示，全球平台前十模型总token量约达 8.7万亿，其中中国模型独占5.3万亿，占比高达61%，国产大模型在全球AI竞赛中已确立核心话语权。 具体来看，MiniMax M2.5以2.45万亿token空降榜首，Kimi K2.5以1. ...

Core Viewpoint - Shenzhen's Bao'an District is accelerating the development of a new quality imaging industry by integrating culture and technology, aiming for over 100 billion yuan in revenue from the digital creative industry cluster by 2030 [1]. Group 1: Industry Development - Bao'an has 262 imaging-related companies, with over 95% being hardware manufacturers, and aims to enhance the synergy between content creation and hardware/software innovation [2]. - The digital creative industry cluster in Bao'an generated an added value of approximately 6.506 billion yuan in the first three quarters of 2025, with a growth rate of 30.76% [2]. - The district has launched measures to support high-quality development in the new quality imaging industry, covering key areas such as space, technology, platforms, and finance [3]. Group 2: Technological Innovation - Bao'an is focusing on the development of smart glasses as a key hardware component of the new quality imaging industry, with a goal of gathering over 100 industry chain companies by the end of 2027 [3]. - The district has identified 54 application scenarios and 48 enterprise technology capabilities to create a closed-loop mechanism for demand response and project implementation [6]. - The introduction of the digital human image "Wanbao" aims to enhance Bao'an's cultural tourism identity and will be widely applied in local tourism scenarios [6]. Group 3: Ecosystem Building - Bao'an is establishing the "Shenzhen (Bao'an) New Quality Imaging Industry Alliance" to integrate the industry chain, innovation chain, funding chain, and talent chain [9]. - The alliance has already connected with over 40 key enterprises and universities, focusing on building a complete ecosystem from technology to content [9]. - Bao'an aims to create a supportive environment for enterprises, facilitating collaboration and innovation within the new quality imaging industry [10].

Core Viewpoint - The company has established a strong presence in the XR virtual shooting sector, with significant achievements and partnerships that position it as a market leader globally [1] Group 1: Company Achievements - The company has invested years in the XR virtual shooting field, leading to the creation of over 100 international top-tier XR virtual studios through its wholly-owned subsidiary, Radiod [1] - The company holds a leading global market share in XR virtual photography, with its products being utilized by various studios and visual effects companies worldwide [1] - The company has received recognition from prestigious clients, including Hollywood, Microsoft, and the Oscars [1] Group 2: Domestic Market Collaborations - In the domestic market, the company has formed deep collaborations with major video platforms such as iQIYI and Alibaba's Digital Entertainment [1] - The company has won bids for projects at universities, including China Media University, indicating a rising demand for educational scenarios [1] - The increasing need for educational applications presents new growth opportunities for the company [1]

Group 1: Business Growth Strategies - The company's future growth relies on three strategic directions: technology upgrades for market expansion, innovative application demands, and AI application business growth [1][2] - The company is focusing on Mini/Micro LED technology to expand into new markets such as ultra-high-definition consumer displays [1] - The establishment of Shenzhen Zhixian Robot Technology Co., Ltd. aims to build an AI display ecosystem, enhancing both B2B and B2C offerings [2][3] Group 2: AI Integration and Market Focus - The company is committed to a dual-driven development path, integrating LED and AI technologies for both B2B and B2C sectors [3] - In the B2B sector, the focus is on industries like government, education, marketing, and cultural tourism, developing customized AI solutions [3] - The B2C sector will see the introduction of consumer products like AI learning lamps and emotional companion devices, leveraging user data for enhanced solutions [2][3] Group 3: Supply Chain Management and Cost Control - The company is facing rising raw material costs but has established a systematic response mechanism, leveraging its market position for better supplier negotiations [4] - Proactive inventory management has been implemented to mitigate short-term price fluctuations and ensure supply chain stability [4] - The company is focusing on high-value new products to improve overall gross margins, countering the impact of rising material costs [4] Group 4: XR Virtual Shooting and Market Position - The company has developed over 100 international XR virtual shooting studios, leading the global market with significant recognition from major clients [5][6] - Collaborations with top video platforms in China are driving rapid growth in the XR business, with increasing demand for virtual shooting in educational settings [5][6] - The company is expanding into new application areas such as live broadcasting, game development, and virtual exhibitions, positioning itself for strong future growth [6] Group 5: Risk Management and Financial Controls - The company adheres to accounting standards for impairment provisions and has implemented measures to systematically reduce risk exposure [6] - Strengthened accounts receivable management and the introduction of third-party financial tools are part of the strategy to optimize cash flow [6] - The company aims to maintain overall risk at a controllable level through these measures [6]

Core Viewpoint - Shenzhen Absen Optoelectronics Co., Ltd. has been awarded the "Manufacturing Single Champion" title by the Ministry of Industry and Information Technology for the third consecutive time, marking it as the first and only company in the LED industry to achieve this honor, reflecting its long-term commitment to innovation and leadership in the display technology sector [2][20]. Group 1: Recognition and Achievements - The "Manufacturing Single Champion" title is a national honor established to recognize companies that have achieved excellence in specific fields and possess global competitiveness [3][21]. - Absen has been recognized as a "Manufacturing Single Champion" in 2019 and 2022, symbolizing the pinnacle of China's manufacturing capabilities in niche markets [5][24]. - The company has maintained its position as a leader in technology innovation, market share, and brand influence in the LED display sector, achieving industry and global leadership [6][25]. Group 2: Product Innovation and Development - Absen has introduced innovative LED display products such as holographic transparent screens and texture screens, addressing industry pain points and customer needs [9][27]. - The company follows a dual technology strategy with COB and MIP, creating a diverse product matrix that includes various series of LED displays for different applications [11][29]. - As of December 2025, Absen has over 3,500 patents and has participated in the formulation of more than 190 international, national, and industry standards, showcasing its comprehensive industry chain layout in the Mini/Micro LED field [13][31]. Group 3: Future Directions - In the AI era, Absen aims to focus on customized industry models and AI applications, transforming displays into intelligent service platforms for various sectors such as government, education, and marketing [16][34]. - The company is committed to providing smarter, more integrated, and innovative display solutions for diverse industries, continuing its legacy of excellence and innovation [18][36].

Group 1 - The core viewpoint of the news is that Zhouming Technology experienced a decline in stock price and trading volume, with significant financing activities indicating a mixed sentiment among investors [1][2]. Group 2 - On January 30, Zhouming Technology's stock fell by 4.74%, with a trading volume of 635 million yuan. The financing buy amount was 64.97 million yuan, while the financing repayment was 68.54 million yuan, resulting in a net financing outflow of 3.57 million yuan [1]. - As of January 30, the total balance of margin trading for Zhouming Technology was 490 million yuan, with the financing balance accounting for 5.74% of the circulating market value, which is above the 60th percentile level over the past year [1]. - In terms of securities lending, on January 30, Zhouming Technology had a securities lending repayment of 14,100 shares and a securities lending sale of 115,100 shares, amounting to 901,200 yuan at the closing price. The securities lending balance was 1.05 million yuan, which is below the 20th percentile level over the past year [1]. Group 3 - Zhouming Technology, established on October 26, 2004, and listed on June 22, 2011, is headquartered in Shenzhen and specializes in the production and sales of LED displays, LED lighting, and related services. The main business revenue composition includes smart displays (93.70%), smart lighting (5.06%), and others [2]. - As of September 30, the number of shareholders of Zhouming Technology was 41,800, an increase of 13.02% compared to the previous period, while the average circulating shares per person decreased by 11.52% [2]. - For the period from January to September 2025, Zhouming Technology achieved an operating income of 5.623 billion yuan, a year-on-year increase of 3.74%, while the net profit attributable to the parent company was 126 million yuan, a year-on-year decrease of 1.21% [2]. Group 4 - Zhouming Technology has distributed a total of 538 million yuan in dividends since its A-share listing, with 331 million yuan distributed in the last three years [3]. - As of September 30, 2025, among the top ten circulating shareholders, Hong Kong Central Clearing Limited was the third-largest shareholder with 37.31 million shares, an increase of 15.60 million shares compared to the previous period. Meanwhile, the Southern CSI 1000 ETF held 7.98 million shares, a decrease of 101,000 shares [3].

Core Insights - Shenzhen is rapidly developing a "new quality imaging" industry chain, with over 500 companies participating in the recent "Baoying Smart Sharing" conference, showcasing technological advancements and policy implementations [2][3] Industry Overview - The "new quality imaging industry" is defined as a new digital resource industry driven by next-generation imaging devices and AI technologies, integrating artistic expression, technological innovation, and cultural value [3] - Shenzhen has established a trillion-level industrial cluster in ultra-high-definition display and smart terminals, with a global market share of over 92% in panoramic cameras [4] Key Players and Market Dynamics - Leading companies such as Yingshi Innovation and DJI are at the forefront, supported by a collaborative ecosystem of small and medium enterprises, creating a robust supply chain [4] - In Bao'an District, Yingshi Innovation leads the panoramic camera market with an 85.8% global market share, while Zhouming Technology dominates the XR virtual shooting sector with a 70% share [4] Government and Policy Support - The Shenzhen government has designated specific areas for software industry concentration, enhancing the "soft and hard collaboration" advantage in Bao'an [5] - The first national special support policy for the new quality imaging industry was launched at the conference, addressing key challenges in talent and funding [5] Future Prospects - Despite challenges such as a talent gap and reliance on core components, Shenzhen is leveraging its manufacturing cluster and cultural-tech integration to strengthen its market position [6] - The "Shenzhen imaging chain" aims to evolve from a source of innovation to a leading area, focusing on platform development, resource aggregation, and transformation facilitation [6]

Group 1 - The article discusses the recent developments and performance of Zhouming Technology, highlighting its strategic initiatives and market positioning [1] - Zhouming Technology has reported significant growth in revenue, with a year-on-year increase of 25% in the last quarter, reaching a total of 1.5 billion [1] - The company is focusing on expanding its product offerings and enhancing its technological capabilities to maintain a competitive edge in the industry [1] Group 2 - The article emphasizes the importance of innovation in the LED industry, noting that companies that invest in R&D are likely to outperform their competitors [1] - Zhouming Technology is actively pursuing partnerships and collaborations to leverage new technologies and improve its market reach [1] - The overall market for LED products is expected to grow at a compound annual growth rate (CAGR) of 15% over the next five years, indicating a robust demand for advanced lighting solutions [1]

Core Viewpoint - Zhouming Technology is actively involved in the digital content production, stage art design, and core technical support for major events like the 2025 Spring Festival Gala, showcasing its capabilities in large-scale event technology [2] Group 1 - Zhouming Technology has been a service provider for multiple CCTV Spring Festivals, Lantern Festivals, and New Year's Eve events [2] - The company is collaborating with the Central Radio and Television Station's technical bureau and the Spring Festival Gala director group for the 2025 event [2] - The company has completed the setup of approximately 800m² display screens for the 2025 Yunnan Spring Festival Gala and 1500m² display screens for the 2025 Central Radio and Television Station Spring Festival Opera Gala [2]