490 lines
30 KiB
HTML
490 lines
30 KiB
HTML
<!DOCTYPE html>
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<html lang="zh-CN" data-theme="night">
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<head>
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<meta charset="UTF-8">
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<meta name="viewport" content="width=device-width, initial-scale=1.0">
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<title>深度研报：空中成像概念</title>
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<link href="https://cdn.jsdelivr.net/npm/daisyui@4.12.2/dist/full.min.css" rel="stylesheet" type="text/css" />
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<script src="https://cdn.tailwindcss.com/3.4.4"></script>
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<script defer src="https://cdn.jsdelivr.net/npm/alpinejs@3.14.0/dist/cdn.min.js"></script>
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<script src="https://cdn.jsdelivr.net/npm/echarts@5.5.0/dist/echarts.min.js"></script>
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<link rel="preconnect" href="https://fonts.googleapis.com">
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<link rel="preconnect" href="https://fonts.gstatic.com" crossorigin>
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<link href="https://fonts.googleapis.com/css2?family=Manrope:wght@300;400;500;700&display=swap" rel="stylesheet">
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<style>
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body {
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font-family: 'Manrope', sans-serif;
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background-color: #0c0a09; /* Near black */
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background-image:
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radial-gradient(at 20% 25%, hsla(212, 80%, 30%, 0.3) 0px, transparent 50%),
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radial-gradient(at 80% 20%, hsla(288, 70%, 40%, 0.25) 0px, transparent 50%),
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radial-gradient(at 50% 80%, hsla(190, 80%, 50%, 0.2) 0px, transparent 50%);
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background-attachment: fixed;
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}
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.glass-card {
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background: rgba(22, 28, 45, 0.4); /* Dark blueish tint */
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backdrop-filter: blur(24px) saturate(150%);
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-webkit-backdrop-filter: blur(24px) saturate(150%);
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border: 1px solid rgba(255, 255, 255, 0.1);
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box-shadow: 0 8px 32px 0 rgba(0, 0, 0, 0.37);
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}
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.bento-grid {
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display: grid;
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gap: 1rem;
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grid-template-columns: repeat(12, 1fr);
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}
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.bento-item {
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border-radius: 1.5rem; /* rounded-3xl */
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padding: 1.5rem;
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transition: all 0.3s ease-in-out;
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}
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.prose h1, .prose h2, .prose h3, .prose h4, .prose p, .prose li, .prose strong {
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color: #e5e7eb; /* Gray 200 for readability */
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}
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.prose code {
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color: #93c5fd;
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}
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.prose a {
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color: #60a5fa;
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text-decoration: none;
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}
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.prose a:hover {
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text-decoration: underline;
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}
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.glow-divider {
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height: 1px;
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border: 0;
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background: linear-gradient(to right, transparent, rgba(107, 114, 128, 0.5), transparent);
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}
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.daisy-collapse-title {
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font-size: 1.125rem;
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font-weight: 500;
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}
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/* Custom table style for glassmorphism */
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.glass-table {
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background: transparent;
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}
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.glass-table th {
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background-color: rgba(255, 255, 255, 0.1);
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color: #f9fafb;
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border-bottom: 1px solid rgba(255, 255, 255, 0.2);
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}
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.glass-table td {
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border-bottom: 1px solid rgba(255, 255, 255, 0.1);
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}
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.glass-table tr:last-child td {
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border-bottom: none;
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}
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</style>
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</head>
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<body class="min-h-screen text-gray-300">
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<div class="container mx-auto p-4 md:p-8">
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<!-- Header -->
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<header class="text-center mb-16 relative">
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<div class="absolute inset-0 -z-10">
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<div class="absolute top-1/2 left-1/2 w-96 h-96 -translate-x-1/2 -translate-y-1/2 bg-cyan-500/20 rounded-full blur-3xl"></div>
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</div>
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<h1 class="text-4xl md:text-6xl font-bold text-transparent bg-clip-text bg-gradient-to-br from-white to-blue-300 mb-4 tracking-tight">
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概念深度研报：空中成像
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</h1>
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<p class="text-lg text-gray-400">从主题炒作到产业化初期的关键节点</p>
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</header>
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<!-- Main Content Grid -->
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<main class="space-y-12">
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<!-- Insight Section -->
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<section x-data="{}" class="bento-grid">
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<!-- Core Viewpoint -->
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<div class="bento-item glass-card col-span-12 lg:col-span-8 lg:row-span-1">
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<h2 class="text-2xl font-bold text-white mb-4">核心观点摘要</h2>
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<p class="text-gray-300 text-base leading-relaxed">
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空中成像概念正处在从“主题炒作”向“产业化初期”过渡的关键节点。其核心驱动力源于智能座舱对革命性人机交互体验的迫切需求，并由华为等行业巨头的布局预期所引爆。尽管未来市场空间广阔，但当前存在显著的预期差——市场热情远超实际商业化落地进程，短期风险与长期潜力并存。
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</p>
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</div>
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<!-- Definition -->
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<div class="bento-item glass-card col-span-12 lg:col-span-4 lg:row-span-1">
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<h2 class="text-2xl font-bold text-white mb-4">技术定义</h2>
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<p class="text-gray-300 text-sm">通过平板透镜（主流为负折射平板透镜 DCT-plate）形成不需要介质承载的实像技术。其特点是"无接触"、"无介质"、"防感染"。</p>
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</div>
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<!-- Event Timeline Chart -->
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<div class="bento-item glass-card col-span-12">
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<h2 class="text-2xl font-bold text-white mb-4">关键事件与市场演进</h2>
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<div id="timeline-chart" class="w-full h-96"></div>
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</div>
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<!-- Core Logic -->
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<div class="bento-item glass-card col-span-12 md:col-span-6">
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<h3 class="text-xl font-bold text-white mb-4">核心逻辑与市场认知分析</h3>
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<div class="prose prose-sm max-w-none">
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<h4>核心驱动力:</h4>
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<ul>
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<li><strong>技术突破驱动成本下降：</strong>国内企业（如东超科技）量产突破，打破国外垄断，使成本大幅降低，未来有望降至每平米万元以内，这是商业化的根本前提。</li>
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<li><strong>应用场景拉动：</strong>智能座艙是当前最明确、最具潜力的应用场景。其“无介质、非接触、悬浮操控”体验，完美契合科技感、安全性与隐私性追求。2026年中国智能座舱市场规模预计达2127亿元。</li>
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<li><strong>行业标杆催化：</strong>华为的入局预期是引爆市场情绪的关键。其技术布局被市场解读为产业化的“发令枪”，吸引资本和产业链资源快速聚集。</li>
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</ul>
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<hr class="glow-divider my-4">
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<h4>预期差分析:</h4>
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<p>市场普遍认知与产业实际进展之间存在巨大预期差。</p>
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<ul>
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<li><strong>市场的普遍认知：</strong>倾向于认为技术已成熟，即将随华为等巨头大规模上车。</li>
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<li><strong>被忽略的关键点（产业现实）：</strong>
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<ol>
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<li><strong>商业化阶段错判：</strong>技术目前主要处于“示范阶段”或“早期试验”，距离大规模前装量产仍有距离。</li>
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<li><strong>技术路线混淆：</strong>市场将空中成像、全息、AR-HUD笼统归为一类，而AR-HUD是当前渐进式升级的主流。</li>
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<li><strong>公司角色误读：</strong>市场将“参股/投资”等同于“生产/运营”，如伟时电子仅为东超科技的财务投资者，而非生产商。</li>
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</ol>
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</li>
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</ul>
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</div>
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</div>
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<!-- Industry Chain -->
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<div class="bento-item glass-card col-span-12 md:col-span-6">
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<h3 class="text-xl font-bold text-white mb-4">产业链与核心公司深度剖析</h3>
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<div class="prose prose-sm max-w-none">
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<h4>产业链图谱:</h4>
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<ul>
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<li><strong>上游 (核心材料与元器件):</strong>
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<ul>
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<li>光学原材料: 玻璃基材 (成本占比最大)、树脂材料。</li>
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<li>核心光学元件: 负折射平板透镜 (DCT-plate)、空气成像反射膜。<strong>(技术壁垒最高、价值量最核心环节)</strong></li>
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<li>配套元器件: 光源 (LED/激光)、交互传感器。</li>
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</ul>
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</li>
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<li><strong>中游 (解决方案/模组):</strong> 将上游元器件集成为完整的空中成像系统。</li>
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<li><strong>下游 (应用与终端):</strong> 智能座舱、公共服务 (医疗、金融)、消费电子 (远期)。</li>
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</ul>
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<hr class="glow-divider my-4">
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<h4>核心玩家对比:</h4>
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<ul>
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<li><strong>技术领导者 (逻辑最纯粹):</strong> 东超科技 (伟时电子参股), 棱镜全息 (当虹科技参股), 像航科技 (盈趣科技参股)。</li>
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<li><strong>关键材料供应商:</strong> 凯盛科技 (空气成像反射膜)。</li>
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<li><strong>潜在布局者:</strong> 奥比中光, 联创电子, 中光学 (拥有专利或研发方向)。</li>
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<li><strong>应用场景集成商:</strong> 风语筑, 丝路视觉 (技术的“使用者”而非“创造者”)。</li>
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</ul>
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</div>
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</div>
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<!-- Risks & Conclusion -->
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<div class="bento-item glass-card col-span-12 lg:col-span-7">
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<h3 class="text-xl font-bold text-white mb-4">潜在风险与挑战</h3>
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<div class="prose prose-sm max-w-none">
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<ul>
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<li><strong>技术风险:</strong> 纳米级加工精度、2mm级交互精度对工艺提出极高挑战；成像尺寸、亮度、功耗仍有局限。</li>
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<li><strong>商业化风险:</strong> 成本依然高昂；作为非刚需功能，市场接受度和付费意愿待检验；下游需求渗透不及预期。</li>
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<li><strong>竞争风险:</strong> 来自AR-HUD、光场屏等更成熟、成本更低技术的竞争。</li>
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<li><strong>信息交叉验证风险:</strong> 市场标签与公司现实严重不符是本概念最大的风险之一，如伟时电子仅为财务投资者。</li>
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</ul>
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</div>
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</div>
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<div class="bento-item glass-card col-span-12 lg:col-span-5">
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<h3 class="text-xl font-bold text-white mb-4">综合结论与投资启示</h3>
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<div class="prose prose-sm max-w-none">
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<p><strong>最终看法：</strong>概念处于由主题炒作驱动的早期阶段，基本面正在萌芽但远未成熟。长期叙事逻辑清晰，但短期商业化路径不确定。当前投资的核心是<strong>博弈预期</strong>。</p>
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<p><strong>最具投资价值环节：</strong>上游核心光学元件与关键材料。该环节技术壁垒最高，议价能力最强，是产业链的“卖水者”，确定性受益。</p>
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</div>
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</div>
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</section>
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<!-- Supporting Data Section -->
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<section x-data="{ openTab: 1 }" class="glass-card rounded-3xl p-6">
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<h2 class="text-2xl font-bold text-white mb-6">多源数据印证</h2>
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<div class="tabs tabs-boxed bg-black/20 mb-6">
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<a class="tab" :class="{'tab-active': openTab === 1}" @click="openTab = 1">研报数据</a>
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<a class="tab" :class="{'tab-active': openTab === 2}" @click="openTab = 2">新闻数据</a>
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<a class="tab" :class="{'tab-active': openTab === 3}" @click="openTab = 3">路演纪要</a>
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</div>
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<!-- Research Reports Content -->
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<div x-show="openTab === 1" class="space-y-2">
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<div class="collapse collapse-plus bg-base-200/50">
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<input type="radio" name="research-accordion" checked="checked" />
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<div class="collapse-title">技术原理与区别</div>
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<div class="collapse-content">
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<div class="prose prose-sm max-w-none">
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<p><strong>主流技术原理 (光场重构):</strong> 通过一块特制的玻璃（等效负折射率平板透镜，DCT-plate），将发散的光线重新汇聚，在空中形成1:1大小的三维实像。</p>
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<p><strong>与全息投影的区别:</strong></p>
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<div class="overflow-x-auto">
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<table class="table table-zebra table-xs">
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<thead>
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<tr>
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<th>对比维度</th>
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<th>全息投影</th>
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<th>空中成像</th>
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</tr>
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</thead>
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<tbody>
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<tr>
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<td>应用原理</td>
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<td>利用光的干涉和衍射原理</td>
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<td>应用光场重构原理</td>
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</tr>
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<tr>
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<td>介质需求</td>
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<td>需要介质承载 (如水幕、烟雾、全息膜等)</td>
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<td>无需介质承载</td>
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</tr>
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</tbody>
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</table>
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</div>
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</div>
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</div>
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</div>
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<div class="collapse collapse-plus bg-base-200/50">
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<input type="radio" name="research-accordion" />
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<div class="collapse-title">车载应用与市场前景</div>
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<div class="collapse-content">
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<div class="prose prose-sm max-w-none">
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<p><strong>华为合作：</strong>2024年4月，华为发布"华为乾崑"，东超科技推出"空中成像·智能车载解决方案"；像航科技于2022年与华为携手探索智能座舱。</p>
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<p><strong>市场前景：</strong>2022年中国智能座舱市场规模1127亿元，预计2026年达2127亿元，五年复合增长率约17%。</p>
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<p><strong>已采纳车厂（部分）：</strong>宝马(2017)、长城(2019)、吉利(2021)、长安(2021)、华为(2021)、江淮(2023)、奇瑞(2023)、一汽红旗(2023)。</p>
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</div>
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</div>
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</div>
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<div class="collapse collapse-plus bg-base-200/50">
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<input type="radio" name="research-accordion" />
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<div class="collapse-title">风险提示</div>
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<div class="collapse-content">
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<div class="prose prose-sm max-w-none">
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<ul>
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<li><strong>量产与导入不及预期：</strong>目前技术还未大批量使用，若批量应用、技术导入不及预期，将影响相关公司业绩。</li>
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<li><strong>新技术出现风险：</strong>若有新的、效果更好的成像技术出现，可能导致该技术无法大规模使用。</li>
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<li><strong>下游需求不及预期：</strong>公共枢纽、车载等应用目前仍处于示范阶段，存在下游渗透率不及预期的风险。</li>
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</ul>
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</div>
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</div>
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</div>
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</div>
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<!-- News Content -->
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<div x-show="openTab === 2" class="space-y-2">
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<div class="collapse collapse-plus bg-base-200/50">
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<input type="radio" name="news-accordion" checked="checked" />
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<div class="collapse-title">核心信息：技术与市场动态</div>
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<div class="collapse-content">
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<div class="prose prose-sm max-w-none">
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<ul>
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<li><strong>市场热点：</strong>新闻标题多次出现“空中成像”，并与“华为最新黑科技”、“产业链图谱”并列，显示其为市场关注热点。</li>
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<li><strong>车载应用：</strong>华为智选车厂商申请空中成像专利，相关企业曾与江淮合作推出车载空中成像精灵。</li>
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<li><strong>产业链构成：</strong>玻璃基材占据产品最大成本，交互传感器为三大核心部件之一。</li>
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<li><strong>行业研讨：</strong>专家会议密集召开，火线解读技术原理、产品成熟度、量产情况、上游供应商及未来技术路径。</li>
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</ul>
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</div>
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</div>
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</div>
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<div class="collapse collapse-plus bg-base-200/50">
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<input type="radio" name="news-accordion" />
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<div class="collapse-title">产业链与相关公司动态</div>
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<div class="collapse-content">
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<div class="prose prose-sm max-w-none">
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<ul>
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<li><strong>华为：</strong>智选车厂商申请空中成像专利。</li>
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<li><strong>亿道信息：</strong>子公司有相关专利，但目前尚未有布局相关产品的计划。</li>
|
||
<li><strong>伟时电子：</strong>投资的东超科技技术领先。但公司发布风险提示，自身不生产空中成像相关产品。</li>
|
||
<li><strong>凯盛科技：</strong>空气成像反射膜已实现批量供货。</li>
|
||
<li><strong>比亚迪：</strong>公布浮空显示装置专利，涉及空中成像装置技术领域。</li>
|
||
<li><strong>奥比中光：</strong>在2020年申请了“一种空中成像系统和显示设备”的专利。</li>
|
||
</ul>
|
||
</div>
|
||
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|
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|
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<div class="collapse-title">技术成熟度分析 (路演日期 2024-03-11)</div>
|
||
<div class="collapse-content">
|
||
<div class="prose prose-sm max-w-none">
|
||
<ul>
|
||
<li><strong>原文描述谬误：</strong>将空中成像视为“显示技术的革命性变化”，并推举比亚迪、华为为技术引领者。</li>
|
||
<li><strong>谬误分析：</strong>空中成像（如全息投影）尚处早期试验阶段，比亚迪2024年车型如“方程豹”未采用此技术，更多为AR-HUD等渐进式升级。</li>
|
||
<li><strong>修正建议：</strong>应区分“技术概念”与“商业化落地”，强调需关注技术量产时间表及专利布局。</li>
|
||
</ul>
|
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|
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<div class="collapse-title">相关技术升级路径 (路演日期 2024-08-21)</div>
|
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<div class="collapse-content">
|
||
<div class="prose prose-sm max-w-none">
|
||
<p>路演详细讨论了构成或属于空中成像范畴的多项技术，如HUD、智慧大灯和光场屏。</p>
|
||
<ul>
|
||
<li><strong>AR-HUD：</strong>因显示信息丰富，逐步取代WHUD，预计2027年出货占比超50%。成本已降至2000元以下。</li>
|
||
<li><strong>智慧大灯 (DLP)：</strong>可投影动态图案，预计成为新方向，但成本高（约4000元）且受TI芯片产能制约。</li>
|
||
<li><strong>光场屏：</strong>优势为远距离显示、护眼，但安全性担忧导致上车速度慢，目前仅华为问界系列测试。</li>
|
||
<li><strong>行业风险：</strong>存在技术替代风险（如AR-HUD与全息投影竞争）、供应链风险（TI DMD芯片国产化进度）。</li>
|
||
</ul>
|
||
</div>
|
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|
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|
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</div>
|
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|
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|
||
|
||
<!-- Stock List Table -->
|
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<section class="glass-card rounded-3xl p-6">
|
||
<h2 class="text-2xl font-bold text-white mb-6">相关概念股一览</h2>
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<div class="overflow-x-auto">
|
||
<table class="table w-full glass-table">
|
||
<thead>
|
||
<tr>
|
||
<th>股票名称</th>
|
||
<th>股票代码</th>
|
||
<th>关联原因</th>
|
||
<th>其他标签</th>
|
||
</tr>
|
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|
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<!-- JS will populate this -->
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|
||
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|
||
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|
||
|
||
</main>
|
||
|
||
<!-- Footer -->
|
||
<footer class="text-center mt-16">
|
||
<p class="text-xs text-gray-500">北京价值前沿科技有限公司 AI投研agent：“价小前投研” 进行投研呈现</p>
|
||
<p class="text-xs text-gray-600 mt-1">免责声明：本报告为AI合成数据，所有内容仅供参考，不构成任何投资建议，投资需谨慎。</p>
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||
</footer>
|
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|
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|
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|
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|
||
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|
||
{ value: ['2021-12-02', 6, '华为与像航科技合作'] },
|
||
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|
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|
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|
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|
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|
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|
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|
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|
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"亿道信息": { code: "001314", reasons: ["拥有离轴投影光学装置专利", "子公司亿境虚拟申请用于增强现实设备的离轴投影光学装置专利。"], tags: ["主"] },
|
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"风语筑": { code: "603466", reasons: ["国内全息技术应用规模最大的企业之一", "拥有可触控的360度全息空中成像装置的专利，积极将技术应用于项目中。"], tags: ["主", "债"] },
|
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"凯盛科技": { code: "600552", reasons: ["攻克空气成像反射膜技术", "空气成像反射膜是设备重要组件，已实现稳定销售，并为华为提供材料支持。"], tags: ["主"] },
|
||
"盈趣科技": { code: "002925", reasons: ["投资像航科技，空气成像技术研发商", "像航科技与华为合作，在智能全息座舱领域开拓，获“华为智能汽车解决方案优秀合作伙伴”称号。"], tags: ["主"] },
|
||
"丝路视觉": { code: "300556", reasons: ["CG视觉服务可结合全息成像技术", "服务可结合全息、幻影、空气成像技术，并融入互动内容。"], tags: ["首板", "创", "债"] },
|
||
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|
||
"联创光电": { code: "600363", reasons: ["开发了180度全息投影技术", "技术可在空中成像三维物体。"], tags: ["主"] },
|
||
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|
||
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||
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||
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row.innerHTML = `
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<td>${codeLink}</td>
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<td><div class="flex flex-wrap gap-1">${tagsHtml}</div></td>
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tableBody.appendChild(row);
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</body>
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