609 lines
41 KiB
HTML
609 lines
41 KiB
HTML
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<body class="min-h-screen">
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<div class="container mx-auto p-4 sm:p-6 lg:p-8">
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<!-- Header -->
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<header class="text-center py-12 mb-8 relative">
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<div class="absolute inset-0 -z-10 bg-grid-white/[0.05] [mask-image:radial-gradient(ellipse_at_center,transparent_20%,black)]"></div>
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<h1 class="text-5xl md:text-6xl font-bold glow-text mb-4 tracking-wider">GPU概念股</h1>
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<h2 class="text-2xl md:text-3xl font-light text-cyan-200/80">深度研究报告</h2>
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<p class="mt-6 text-sm text-gray-400">北京价值前沿科技有限公司 AI投研agent：“价小前投研”</p>
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</header>
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<!-- Main Content -->
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<main class="space-y-12">
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<!-- Section 1: Core Insights -->
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<section>
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<h2 class="section-title">核心洞察 / Core Insight</h2>
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<div class="bento-grid">
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<div class="col-span-12 lg:col-span-8 glass-card grid-item flex flex-col justify-between">
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<div>
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<h3 class="card-title">核心观点摘要</h3>
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<p class="text-gray-300 leading-relaxed">
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GPU概念股正处于由<span class="opportunity">“政策驱动+国产替代”</span>双轮驱动的爆发初期。其核心驱动力源于AI算力需求的<span class="highlight">确定性高增长</span>与外部供应限制所创造的巨大且受保护的国内市场。当前，该概念已从纯粹的主题炒作，逐步向由少数头部企业技术突破和订单落地所引领的<span class="highlight">基本面驱动阶段过渡</span>，但整体仍伴随着较高的估值泡沫和技术路线不确定性。
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</p>
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</div>
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<div class="mt-6 border-t border-cyan-500/20 pt-4 text-sm text-gray-400">
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<p><strong class="text-cyan-300">投资阶段判断:</strong> 已度过纯概念炒作，进入“价值发现”与“泡沫共存”阶段。</p>
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</div>
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</div>
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<div class="col-span-12 lg:col-span-4 glass-card grid-item">
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<h3 class="card-title">2027年中国GPU市场格局预测</h3>
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<div id="market-share-chart" style="width: 100%; height: 250px;"></div>
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<p class="text-xs text-center text-gray-500 mt-2">数据来源: 新闻数据整理</p>
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</div>
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<div class="col-span-12 glass-card grid-item">
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<h3 class="card-title">概念事件驱动脉络</h3>
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<ul class="timeline timeline-snap-icon max-md:timeline-compact timeline-vertical">
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<li>
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<div class="timeline-middle"><svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 20 20" fill="currentColor" class="h-5 w-5 text-cyan-400"><path fill-rule="evenodd" d="M10 18a8 8 0 100-16 8 8 0 000 16zm.75-13a.75.75 0 00-1.5 0v5c0 .414.336.75.75.75h4a.75.75 0 000-1.5h-3.25V5z" clip-rule="evenodd" /></svg></div>
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<div class="timeline-end md:timeline-start md:text-end mb-10">
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<time class="font-mono italic text-gray-400">2023至今</time>
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<div class="text-lg font-black text-cyan-200">宏观背景</div>
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全球AI大模型爆发，算力需求激增；美国出口管制升级，为国产GPU创造替代窗口。
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</div>
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<hr class="bg-cyan-400/50"/>
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</li>
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<li>
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<hr class="bg-cyan-400/50"/>
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<div class="timeline-middle"><svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 20 20" fill="currentColor" class="h-5 w-5 text-cyan-400"><path fill-rule="evenodd" d="M10 18a8 8 0 100-16 8 8 0 000 16zm.75-13a.75.75 0 00-1.5 0v5c0 .414.336.75.75.75h4a.75.75 0 000-1.5h-3.25V5z" clip-rule="evenodd" /></svg></div>
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<div class="timeline-end mb-10">
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<time class="font-mono italic text-gray-400">政策定调</time>
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<div class="text-lg font-black text-cyan-200">国家战略支持</div>
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工信部明确表态“加快突破GPU芯片等关键核心技术”，将国产化提升至国家战略高度。
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</div>
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<hr class="bg-cyan-400/50"/>
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</li>
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<li>
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<hr class="bg-cyan-400/50"/>
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<div class="timeline-middle"><svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 20 20" fill="currentColor" class="h-5 w-5 text-cyan-400"><path fill-rule="evenodd" d="M10 18a8 8 0 100-16 8 8 0 000 16zm.75-13a.75.75 0 00-1.5 0v5c0 .414.336.75.75.75h4a.75.75 0 000-1.5h-3.25V5z" clip-rule="evenodd" /></svg></div>
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<div class="timeline-end md:timeline-start md:text-end mb-10">
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<time class="font-mono italic text-gray-400">2024年</time>
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<div class="text-lg font-black text-cyan-200">国产里程碑</div>
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沐曦C500量产 (2月)，IPO获受理 (6月)；华为、海光、寒武纪在农发行等项目中取得突破。
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</div>
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<hr class="bg-cyan-400/50"/>
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</li>
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<li>
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<hr class="bg-cyan-400/50"/>
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<div class="timeline-middle"><svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 20 20" fill="currentColor" class="h-5 w-5 text-cyan-400"><path fill-rule="evenodd" d="M10 18a8 8 0 100-16 8 8 0 000 16zm.75-13a.75.75 0 00-1.5 0v5c0 .414.336.75.75.75h4a.75.75 0 000-1.5h-3.25V5z" clip-rule="evenodd" /></svg></div>
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<div class="timeline-end">
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<time class="font-mono italic text-gray-400">2025年</time>
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<div class="text-lg font-black text-cyan-200">市场验证</div>
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东芯股份励算科技发布对标产品；华东重机锐信图芯获央企订单；市场持续关注头部厂商IPO进程。
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</div>
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</li>
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</ul>
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</div>
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</div>
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</section>
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<!-- Section 2: Core Logic & Market Perception -->
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<section>
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<h2 class="section-title">核心逻辑与预期差 / Logic & Expectation Gap</h2>
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<div class="bento-grid">
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<div class="col-span-12 lg:col-span-7 glass-card grid-item">
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<h3 class="card-title">核心驱动力：结构性矛盾</h3>
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<div class="space-y-4 text-gray-300">
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<p>
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<strong class="text-cyan-300">需求爆发：</strong> 中国GPU市场空间预计从2025年的<span class="highlight">3500亿元</span>增长至2027年的<span class="highlight">8000亿元</span>。字节、阿里、腾讯、智算中心等构成庞大且真实的算力需求。
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</p>
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<p>
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<strong class="text-cyan-300">供给真空：</strong> 美国技术封锁导致NVIDIA高端产品受限。其中国市场份额预计将从2024年的<span class="highlight">>70%</span>骤降至2025年的<span class="highlight"><40%</span>。巨大的供给缺口为国产替代提供坚实底层逻辑。
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</p>
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<p>
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<strong class="text-cyan-300">政策加持：</strong> 工信部支持及国资项目定向采购，为国产厂商提供了宝贵的早期市场和试炼场，起到强力催化和背书作用。
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</p>
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</div>
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</div>
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<div class="col-span-12 lg:col-span-5 glass-card grid-item">
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<h3 class="card-title">市场热度与情绪</h3>
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<p class="text-gray-300 mb-4">
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市场热度极高，情绪乐观但波动剧烈。任何关于“流片成功”、“认证通过”、“IPO进程”等事件都能迅速点燃市场情绪。
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</p>
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<div class="stats stats-vertical bg-transparent w-full">
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<div class="stat px-0">
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<div class="stat-title text-gray-400">特征</div>
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<div class="stat-value text-xl text-cyan-300">事件驱动型</div>
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</div>
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<div class="stat px-0">
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<div class="stat-title text-gray-400">情绪</div>
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<div class="stat-value text-xl text-purple-300">乐观与投机并存</div>
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</div>
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<div class="stat px-0">
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<div class="stat-title text-gray-400">波动性</div>
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<div class="stat-value text-xl text-rose-300">高</div>
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<div class="stat-desc text-gray-500">研报曾显示周度热度回落-55.02%</div>
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</div>
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</div>
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</div>
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<div class="col-span-12 glass-card grid-item glow-effect-container" style="--glow-color: rgba(255, 100, 100, 0.4); --glow-spread: 300px;">
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<h3 class="card-title text-rose-300">预期差分析：关键忽略点</h3>
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<div class="grid grid-cols-1 md:grid-cols-3 gap-6">
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<div>
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<h4 class="font-semibold text-lg text-rose-200 mb-2">① 单卡性能 vs 集群效率</h4>
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<p class="text-gray-400">市场普遍关注国产GPU单卡性能对标NVDA 70-80%的乐观信息。但路演数据指出：<span class="risk">“国产GPU在大规模集群测试表现目前还没有达到预期”</span>。AI训练看重万卡集群的并行效率和稳定性，这是系统性工程，市场可能高估了单卡性能追赶的意义。</p>
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</div>
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<div>
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<h4 class="font-semibold text-lg text-rose-200 mb-2">② 硬件参数 vs 软件生态</h4>
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<p class="text-gray-400">市场对硬件参数关注远超软件生态。路演反复强调，开发者对<span class="risk">NVIDIA CUDA的路径依赖</span>是最大挑战。尽管华为等在构建自有生态，但迁移成本高昂。市场可能对打破CUDA生态壁垒的长期性和艰巨性认识不足。</p>
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</div>
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<div>
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<h4 class="font-semibold text-lg text-rose-200 mb-2">③ 替代的广度与深度</h4>
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<p class="text-gray-400">当前国产替代主要发生在政策敏感性高的领域（如智算中心）。但在商业化竞争激烈的互联网核心业务中，NVDA卡仍是首选。国产替代从<span class="risk">“能用”到“好用”，再到“首选”</span>，还有很长的路要走。</p>
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</div>
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</div>
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</div>
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</div>
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</section>
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<!-- Section 3: Catalysts & Future Path -->
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<section>
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<h2 class="section-title">催化剂与发展路径 / Catalysts & Roadmap</h2>
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<div class="bento-grid">
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<div class="col-span-12 md:col-span-6 glass-card grid-item">
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<h3 class="card-title">近期催化剂 (未来3-6个月)</h3>
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<ul class="space-y-3 list-disc list-inside text-gray-300">
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<li><span class="highlight">头部厂商IPO进程:</span> <span class="font-semibold text-white">沐曦股份</span>和<span class="font-semibold text-white">摩尔线程</span>的IPO是近期最明确的催化剂。</li>
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<li><span class="highlight">新一代产品发布:</span> 沐曦<span class="font-semibold text-white">C600</span>、寒武纪<span class="font-semibold text-white">690</span>等高端芯片的流片/量产公告。</li>
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<li><span class="highlight">标杆性商业大单:</span> 头部互联网大厂（BAT）宣布大规模采购并部署国产GPU。</li>
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<li><span class="highlight">NVIDIA中国策略:</span> 新一代中国“特供卡”的定价与性能将影响竞争格局。</li>
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</ul>
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</div>
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<div class="col-span-12 md:col-span-6 glass-card grid-item">
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<h3 class="card-title">长期发展路径</h3>
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<ul class="steps steps-vertical lg:steps-horizontal w-full">
|
||
<li class="step step-primary" data-content="1"><span class="font-semibold">点状突破</span><br/><span class="text-xs text-gray-400">当前阶段：政策驱动，实现“能用”</span></li>
|
||
<li class="step step-primary" data-content="2"><span class="font-semibold">生态构建</span><br/><span class="text-xs text-gray-400">中期：商业渗透，构建软件栈</span></li>
|
||
<li class="step" data-content="3"><span class="font-semibold">技术并跑</span><br/><span class="text-xs text-gray-400">成熟期：全面竞争，技术分化</span></li>
|
||
</ul>
|
||
</div>
|
||
</div>
|
||
</section>
|
||
|
||
<!-- Section 4: Industry Chain -->
|
||
<section>
|
||
<h2 class="section-title">产业链全景与核心公司 / Ecosystem & Key Players</h2>
|
||
<div class="bento-grid">
|
||
<div class="col-span-12 glass-card grid-item">
|
||
<h3 class="card-title">产业链图谱</h3>
|
||
<div class="grid grid-cols-1 md:grid-cols-3 gap-6 text-center">
|
||
<div class="p-4 rounded-lg border border-cyan-500/20">
|
||
<h4 class="font-bold text-lg text-cyan-300 mb-2">上游 (基础支撑)</h4>
|
||
<p class="text-gray-400">IP/EDA</p>
|
||
<p class="text-gray-400">晶圆代工: <span class="highlight">中芯国际</span></p>
|
||
<p class="text-gray-400">封装测试: <span class="highlight">通富微电</span></p>
|
||
</div>
|
||
<div class="p-4 rounded-lg border border-purple-500/20 ring-2 ring-purple-500/50">
|
||
<h4 class="font-bold text-lg text-purple-300 mb-2">中游 (核心环节)</h4>
|
||
<p class="text-gray-400 font-semibold">第一梯队: 华为(昇腾), <span class="highlight">海光信息</span>, <span class="highlight">寒武纪</span></p>
|
||
<p class="text-gray-400">新兴势力: 沐曦, 摩尔线程, <span class="highlight">景嘉微</span></p>
|
||
<p class="text-gray-400 text-sm">跨界玩家: <span class="highlight">东芯股份</span>, <span class="highlight">双杰电气</span>等</p>
|
||
</div>
|
||
<div class="p-4 rounded-lg border border-sky-500/20">
|
||
<h4 class="font-bold text-lg text-sky-300 mb-2">下游 (应用与集成)</h4>
|
||
<p class="text-gray-400">服务器: <span class="highlight">浪潮信息</span>, <span class="highlight">中兴通讯</span></p>
|
||
<p class="text-gray-400">散热: 钻石散热(<span class="highlight">光莆股份</span>), 液冷(<span class="highlight">利通电子</span>)</p>
|
||
<p class="text-gray-400">算力服务: <span class="highlight">优刻得</span>, 三大运营商</p>
|
||
</div>
|
||
</div>
|
||
</div>
|
||
<div class="col-span-12 glass-card grid-item">
|
||
<h3 class="card-title">核心玩家对比</h3>
|
||
<div class="overflow-x-auto">
|
||
<table class="table w-full">
|
||
<thead>
|
||
<tr class="text-cyan-200">
|
||
<th>玩家</th>
|
||
<th>定位</th>
|
||
<th>核心优势</th>
|
||
<th>关键信息</th>
|
||
</tr>
|
||
</thead>
|
||
<tbody>
|
||
<tr class="border-b border-gray-700/50">
|
||
<td class="font-bold text-white">华为 (昇腾)</td>
|
||
<td>领导者 (未上市)</td>
|
||
<td class="text-green-300">全栈能力 (芯片-服务器-软件), 性能领先, 头部客户订单</td>
|
||
<td>910C达H100的80%性能, 获腾讯采购, CANN生态构建</td>
|
||
</tr>
|
||
<tr class="border-b border-gray-700/50">
|
||
<td class="font-bold text-white">海光信息</td>
|
||
<td>追赶者</td>
|
||
<td class="text-yellow-300">类CUDA生态, 渠道能力强</td>
|
||
<td>农发行项目中标, 产品对标NVDA L40S的50-75%</td>
|
||
</tr>
|
||
<tr class="border-b border-gray-700/50">
|
||
<td class="font-bold text-white">寒武纪</td>
|
||
<td>追赶者</td>
|
||
<td class="text-yellow-300">深耕AI芯片, 与特定客户合作紧密</td>
|
||
<td>与字节跳动合作紧密, 590是A800的75%</td>
|
||
</tr>
|
||
<tr>
|
||
<td class="font-bold text-white">沐曦 / 摩尔线程</td>
|
||
<td>最具弹性 (IPO)</td>
|
||
<td class="text-purple-300">纯粹GPU设计标的, 技术具看点, 想象空间大</td>
|
||
<td>沐曦自研高带宽互联; 摩尔线程覆盖GPGPU和图形GPU</td>
|
||
</tr>
|
||
</tbody>
|
||
</table>
|
||
</div>
|
||
</div>
|
||
</div>
|
||
</section>
|
||
|
||
<!-- Section 5: Risks -->
|
||
<section>
|
||
<h2 class="section-title">潜在风险与挑战 / Risks & Challenges</h2>
|
||
<div class="bento-grid">
|
||
<div class="col-span-12 md:col-span-4 glass-card grid-item">
|
||
<h3 class="card-title text-rose-300">技术风险</h3>
|
||
<ul class="space-y-2 list-disc list-inside text-gray-400">
|
||
<li><span class="risk">系统级瓶颈:</span> 大规模集群的互联效率和软件优化能力是核心难题。</li>
|
||
<li><span class="risk">生态壁垒:</span> CUDA生态是比硬件更难逾越的壁垒, 自建生态变数大。</li>
|
||
<li><span class="risk">先进制程限制:</span> 4nm/5nm先进制程可能受限, 锁死性能提升天花板。</li>
|
||
</ul>
|
||
</div>
|
||
<div class="col-span-12 md:col-span-4 glass-card grid-item">
|
||
<h3 class="card-title text-rose-300">商业化风险</h3>
|
||
<ul class="space-y-2 list-disc list-inside text-gray-400">
|
||
<li><span class="risk">成本与定价:</span> 缺乏规模效应, 成本较高, TCO竞争力待验证。</li>
|
||
<li><span class="risk">市场接受度:</span> NVIDIA卡仍占租赁市场80%+, 市场惯性大。</li>
|
||
<li><span class="risk">技术路线迭代:</span> TPU/ASIC等专用芯片可能在特定领域构成冲击。</li>
|
||
</ul>
|
||
</div>
|
||
<div class="col-span-12 md:col-span-4 glass-card grid-item">
|
||
<h3 class="card-title text-rose-300">政策与竞争风险</h3>
|
||
<ul class="space-y-2 list-disc list-inside text-gray-400">
|
||
<li><span class="risk">内部过度竞争:</span> 可能引发低水平重复建设和价格战。</li>
|
||
<li><span class="risk">外部竞争压力:</span> NVIDIA通过定制化产品(H20)仍能占据市场。</li>
|
||
<li><span class="risk">信息交叉验证:</span> 宣传性能与实际应用效果可能存在差距。</li>
|
||
</ul>
|
||
</div>
|
||
</div>
|
||
</section>
|
||
|
||
<!-- Section 6: Conclusion -->
|
||
<section>
|
||
<h2 class="section-title">综合结论与投资启示 / Conclusion & Takeaways</h2>
|
||
<div class="bento-grid">
|
||
<div class="col-span-12 md:col-span-7 glass-card grid-item">
|
||
<h3 class="card-title">最具投资价值的细分环节</h3>
|
||
<ol class="space-y-3 list-decimal list-inside text-gray-300">
|
||
<li><span class="font-semibold text-white">国产GPU设计龙头：</span>最核心、最具弹性的环节 (<span class="highlight">海光信息, 寒武纪</span>及IPO标的)。</li>
|
||
<li><span class="font-semibold text-white">高价值量、确定性受益的配套产业链：</span><span class="opportunity">液冷、高阶PCB、高速互联(光模块)</span>是确定性最高的受益方向, 风险更低。</li>
|
||
<li><span class="font-semibold text-white">上游晶圆代工：</span><span class="highlight">中芯国际</span>作为核心承载者, 逻辑清晰且确定性高。</li>
|
||
</ol>
|
||
</div>
|
||
<div class="col-span-12 md:col-span-5 glass-card grid-item">
|
||
<h3 class="card-title">需重点跟踪的关键指标</h3>
|
||
<ul class="space-y-2 text-sm text-gray-400">
|
||
<li><strong class="text-cyan-300">技术验证:</strong> 第三方大规模集群评测报告。</li>
|
||
<li><strong class="text-cyan-300">商业落地:</strong> 头部商业公司的大额订单。</li>
|
||
<li><strong class="text-cyan-300">生态建设:</strong> 开发者社区活跃度及框架适配速度。</li>
|
||
<li><strong class="text-cyan-300">财务指标:</strong> AI芯片业务的实际收入、毛利率及增速。</li>
|
||
</ul>
|
||
</div>
|
||
</div>
|
||
</section>
|
||
|
||
<!-- Section 7: Stock Data -->
|
||
<section>
|
||
<h2 class="section-title">相关概念股列表 / Associated Stocks</h2>
|
||
<div class="col-span-12 glass-card grid-item">
|
||
<h3 class="card-title">核心关联公司</h3>
|
||
<div class="overflow-x-auto">
|
||
<table class="w-full custom-table">
|
||
<thead>
|
||
<tr>
|
||
<th class="w-1/6">关联核心</th>
|
||
<th class="w-1/6">股票名称</th>
|
||
<th class="w-1/6">关系类型</th>
|
||
<th class="w-1/2">关联原因</th>
|
||
</tr>
|
||
</thead>
|
||
<tbody>
|
||
<!-- 中昊芯英 Group -->
|
||
<tr><td rowspan="8" class="font-bold text-lg align-middle text-center text-cyan-200">中昊芯英</td><td>天普股份 (605255)</td><td class="text-green-400">拟入主</td><td>中昊芯英将成为上市公司新实控人</td></tr>
|
||
<tr><td>科德教育 (300192)</td><td class="text-yellow-400">参股</td><td>公司参股的中昊芯英(5.9933%)重点优化DeepSeek模型</td></tr>
|
||
<tr><td>艾布鲁 (301259)</td><td class="text-yellow-400">参股</td><td>控股子公司持有中昊芯英7.0465%股份</td></tr>
|
||
<tr><td>浙大网新 (600797)</td><td class="text-yellow-400">参股</td><td>参与设立的基金持有中昊芯英0.5169%股权</td></tr>
|
||
<tr><td>浙数文化 (600633)</td><td class="text-yellow-400">参股</td><td>参与投资的基金专项投资中昊芯英</td></tr>
|
||
<tr><td>群兴玩具 (002575)</td><td class="text-blue-400">合作</td><td>子公司与中昊芯英战略合作，加速大模型落地</td></tr>
|
||
<tr><td>广安爱众 (600979)</td><td class="text-blue-400">合作</td><td>参股孙公司联合中昊芯英共建丝绸云谷项目</td></tr>
|
||
<tr><td>太极股份 (002368)</td><td class="text-blue-400">合作</td><td>联合参与的天津移动TPU智算中心正式点亮</td></tr>
|
||
<!-- 摩尔线程 Group -->
|
||
<tr><td rowspan="6" class="font-bold text-lg align-middle text-center text-cyan-200">摩尔线程</td><td>和而泰 (002402)</td><td class="text-yellow-400">参股</td><td>直接持股摩尔线程1.244%，其第四代GPU支持万卡集群</td></tr>
|
||
<tr><td>联美控股 (600167)</td><td class="text-yellow-400">参股</td><td>子公司对摩尔线程进行1亿元股权投资</td></tr>
|
||
<tr><td>ST华通</td><td class="text-yellow-400">参股</td><td>公司及旗下产业基金少数股权投资了摩尔线程</td></tr>
|
||
<tr><td>盈趣科技 (002925)</td><td class="text-yellow-400">参股</td><td>基于战略布局和多元化发展考虑投资摩尔线程</td></tr>
|
||
<tr><td>圣元环保 (300867)</td><td class="text-yellow-400">参股</td><td>通过认购基金份额间接参与了摩尔线程的投资</td></tr>
|
||
<tr><td>初灵信息 (300250)</td><td class="text-yellow-400">参股</td><td>所认购的产业基金为摩尔线程的参股方</td></tr>
|
||
<!-- 其他 Group -->
|
||
<tr><td rowspan="2" class="font-bold text-lg align-middle text-center text-cyan-200">七彩虹</td><td>旗天科技 (300061)</td><td class="text-green-400">拟入主</td><td>公司控股股东将变更为七彩虹的皓悦</td></tr>
|
||
<tr><td>鸿富瀚 (301086)</td><td class="text-blue-400">合作</td><td>公司热传事业部生产显卡散热模组，客户主要是七彩虹等</td></tr>
|
||
<tr><td rowspan="2" class="font-bold text-lg align-middle text-center text-cyan-200">昆仑芯</td><td>中新集团 (601512)</td><td class="text-yellow-400">参股</td><td>通过参股基金间接持有昆仑芯约0.35%股权</td></tr>
|
||
<tr><td>国芯科技 (688262)</td><td class="text-blue-400">合作</td><td>与昆仑芯签署战略合作，展开边缘AI计算等领域合作</td></tr>
|
||
<tr><td rowspan="3" class="font-bold text-lg align-middle text-center text-cyan-200">沐曦</td><td>超讯通信 (603322)</td><td class="text-green-400">合资公司</td><td>与沐曦等共同投资设立讯曦智能(持股56%)，负责技术服务、整机生产销售</td></tr>
|
||
<tr><td>迈信林 (688685)</td><td class="text-blue-400">合作</td><td>代理销售沐曦的GPU模组</td></tr>
|
||
<tr><td>优刻得 (688158)</td><td class="text-blue-400">合作</td><td>与沐曦合作，围绕云计算、GPU芯片研发和应用</td></tr>
|
||
</tbody>
|
||
</table>
|
||
</div>
|
||
</div>
|
||
|
||
<div class="col-span-12 glass-card grid-item mt-8">
|
||
<h3 class="card-title">近期涨幅异动分析</h3>
|
||
<div class="overflow-x-auto">
|
||
<table class="w-full custom-table">
|
||
<thead>
|
||
<tr>
|
||
<th class="w-1/6">股票名称</th>
|
||
<th class="w-1/12">异动日期</th>
|
||
<th class="w-1/12">涨幅</th>
|
||
<th class="w-2/3">核心驱动分析</th>
|
||
</tr>
|
||
</thead>
|
||
<tbody>
|
||
<tr>
|
||
<td><a href="https://valuefrontier.cn/company?scode=603958" target="_blank" class="link link-hover text-cyan-300">哈森股份</a></td>
|
||
<td>2025-08-25</td>
|
||
<td class="text-green-400">+5.24%</td>
|
||
<td class="text-sm text-gray-400 leading-relaxed"><strong>GPU概念+重组预期：</strong> 市场预期公司通过收购苏州辰瓴光学进入GPU赛道。辰瓴光学自研高性能GPU与TPU芯片，契合AI算力需求。尽管重组存在不确定性，但政策利好和板块效应推动股价上涨。</td>
|
||
</tr>
|
||
<tr>
|
||
<td><a href="https://valuefrontier.cn/company?scode=002729" target="_blank" class="link link-hover text-cyan-300">好利科技</a></td>
|
||
<td>2025-07-01</td>
|
||
<td class="text-green-400">+10.0%</td>
|
||
<td class="text-sm text-gray-400 leading-relaxed"><strong>GPU服务器配套：</strong> 受友商GPU流片消息刺激，板块情绪爆发。公司作为GPU服务器电源保护概念股（熔断器已用于GPU服务器电源模组），被视为低位补涨标的。</td>
|
||
</tr>
|
||
<tr>
|
||
<td><a href="https://valuefrontier.cn/company?scode=688110" target="_blank" class="link link-hover text-cyan-300">东芯股份</a></td>
|
||
<td>2025-08-07</td>
|
||
<td class="text-green-400">+20.0%</td>
|
||
<td class="text-sm text-gray-400 leading-relaxed"><strong>GPU业务催化+主业共振：</strong> 控股子公司砺算科技发布对标RTX4060的GPU并演示成功，打开第二成长曲线预期；同时主业NOR Flash进入涨价周期，形成基本面+主题共振。</td>
|
||
</tr>
|
||
<tr>
|
||
<td><a href="https://valuefrontier.cn/company?scode=002029" target="_blank" class="link link-hover text-cyan-300">七匹狼</a></td>
|
||
<td>2025-11-18</td>
|
||
<td class="text-green-400">+9.97%</td>
|
||
<td class="text-sm text-gray-400 leading-relaxed"><strong>GPU影子股+IPO事件驱动：</strong> 因参股的国产GPU独角兽摩尔线程招股书公开，其股权价值被市场重估（潜在投资收益占自身市值10.5%），资金将其作为稀缺“GPU影子股”抢筹。</td>
|
||
</tr>
|
||
<tr>
|
||
<td><a href="https://valuefrontier.cn/company?scode=002685" target="_blank" class="link link-hover text-cyan-300">华东重机</a></td>
|
||
<td>2025-08-26</td>
|
||
<td class="text-green-400">+10.02%</td>
|
||
<td class="text-sm text-gray-400 leading-relaxed"><strong>国产替代+订单落地：</strong> 旗下锐信图芯GPU通过麒麟V11认证并获央企千万级订单，叠加英伟达H20断供催化国产替代，逻辑纯粹，获机构资金集中建仓。</td>
|
||
</tr>
|
||
</tbody>
|
||
</table>
|
||
</div>
|
||
</div>
|
||
</section>
|
||
</main>
|
||
|
||
<!-- Footer -->
|
||
<footer class="text-center mt-16 py-8 border-t border-gray-800">
|
||
<p class="text-sm text-gray-500">
|
||
本报告由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-2">
|
||
免责声明：本报告内容基于公开数据和AI模型合成，仅供研究参考，不构成任何投资建议。投资有风险，入市需谨慎。
|
||
</p>
|
||
</footer>
|
||
</div>
|
||
|
||
<script>
|
||
// ECharts Initialization
|
||
var chartDom = document.getElementById('market-share-chart');
|
||
var myChart = echarts.init(chartDom);
|
||
var option;
|
||
|
||
option = {
|
||
backgroundColor: 'transparent',
|
||
tooltip: {
|
||
trigger: 'item',
|
||
formatter: '{a} <br/>{b} : {c}%'
|
||
},
|
||
legend: {
|
||
orient: 'vertical',
|
||
left: 'right',
|
||
top: 'center',
|
||
textStyle: {
|
||
color: '#ccc'
|
||
},
|
||
data: ['HW', 'HG', 'HWJ', 'NVDA', '其他']
|
||
},
|
||
series: [
|
||
{
|
||
name: '市场份额',
|
||
type: 'pie',
|
||
radius: ['50%', '80%'],
|
||
center: ['35%', '50%'],
|
||
avoidLabelOverlap: false,
|
||
label: {
|
||
show: false,
|
||
position: 'center'
|
||
},
|
||
emphasis: {
|
||
label: {
|
||
show: true,
|
||
fontSize: '20',
|
||
fontWeight: 'bold',
|
||
color: '#fff'
|
||
}
|
||
},
|
||
labelLine: {
|
||
show: false
|
||
},
|
||
data: [
|
||
{ value: 30, name: 'HW' },
|
||
{ value: 15, name: 'HG' },
|
||
{ value: 10, name: 'HWJ' },
|
||
{ value: 20, name: 'NVDA' }, // Range 15-20%, using 20 for chart
|
||
{ value: 25, name: '其他' } // Range 30%, adjusting NVDA to 20 makes others 25
|
||
],
|
||
itemStyle: {
|
||
borderRadius: 10,
|
||
borderColor: 'rgba(0,0,0,0.5)',
|
||
borderWidth: 2
|
||
},
|
||
color: ['#00BFFF', '#8A2BE2', '#32CD32', '#FFD700', '#778899']
|
||
}
|
||
]
|
||
};
|
||
|
||
option && myChart.setOption(option);
|
||
window.addEventListener('resize', myChart.resize);
|
||
</script>
|
||
|
||
</body>
|
||
</html> |