1382 lines
82 KiB
HTML
1382 lines
82 KiB
HTML
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<!DOCTYPE html>
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<html lang="zh-CN">
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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>DeepSeek与国产算力：从技术突破到生态应用</title>
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<!-- Bootstrap 5 CSS -->
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<link href="https://cdn.jsdelivr.net/npm/bootstrap@5.3.0/dist/css/bootstrap.min.css" rel="stylesheet">
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<!-- DaisyUI CSS -->
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<link href="https://cdn.jsdelivr.net/npm/daisyui@4.4.19/dist/full.min.css" rel="stylesheet">
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<!-- Font Awesome -->
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<link rel="stylesheet" href="https://cdnjs.cloudflare.com/ajax/libs/font-awesome/6.4.0/css/all.min.css">
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<!-- Custom CSS -->
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<style>
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:root {
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--primary-color: #3b82f6;
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--secondary-color: #8b5cf6;
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--light-bg: #f8fafc;
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}
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body {
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font-family: 'Segoe UI', Tahoma, Geneva, Verdana, sans-serif;
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background-color: var(--light-bg);
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color: #334155;
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.hero-section {
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background: linear-gradient(135deg, var(--primary-color), var(--secondary-color));
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color: white;
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.section-title {
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margin-bottom: 2rem;
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.icon-primary {
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.icon-secondary {
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.nav-pills .nav-link {
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color: #64748b;
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font-weight: 500;
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border-radius: 8px;
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.nav-pills .nav-link.active {
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.footer {
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background-color: var(--dark-bg);
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color: #cbd5e1;
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padding: 3rem 0 1.5rem;
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margin-top: 4rem;
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@media (max-width: 768px) {
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.hero-section {
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padding: 2rem 0;
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}
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.timeline {
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padding-left: 20px;
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}
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.timeline-item::before {
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.stock-table {
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font-size: 0.85rem;
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.stock-table th,
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.stock-table td {
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padding: 0.5rem;
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}
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}
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</style>
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</head>
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<body>
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<!-- Hero Section -->
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<section class="hero-section">
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<div class="container">
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<div class="row align-items-center">
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<div class="col-lg-8">
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<h1 class="display-4 fw-bold mb-4">DeepSeek与国产算力：从技术突破到生态应用</h1>
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<p class="lead mb-4">中国领先的开源大模型企业，与国产算力产业链的深度融合已成为近期资本市场关注的焦点。通过技术创新和开源策略，推动国产算力从"硬件堆砌"向"生态应用"转型。</p>
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<div class="d-flex flex-wrap gap-2">
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<span class="badge badge-custom"><i class="fas fa-microchip me-1"></i> 国产算力</span>
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<span class="badge badge-custom"><i class="fas fa-robot me-1"></i> 开源大模型</span>
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<span class="badge badge-custom"><i class="fas fa-chart-line me-1"></i> 产业转型</span>
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<span class="badge badge-custom"><i class="fas fa-network-wired me-1"></i> 生态建设</span>
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</div>
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</div>
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<div class="col-lg-4 text-center">
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<div class="position-relative">
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<div class="bg-white bg-opacity-10 rounded-circle d-flex align-items-center justify-content-center mx-auto" style="width: 200px; height: 200px;">
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<i class="fas fa-brain" style="font-size: 6rem;"></i>
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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>
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</section>
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<!-- Main Content -->
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<div class="container my-5">
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<!-- Executive Summary -->
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<section class="mb-5">
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<h2 class="section-title">核心观点摘要</h2>
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<div class="card">
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<div class="card-body">
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<p class="lead">DeepSeek作为中国领先的开源大模型，通过技术创新和开源策略正推动国产算力产业链从"硬件堆砌"向"生态应用"转型，目前处于技术突破向商业化落地的关键过渡期。</p>
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<div class="row mt-4">
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<div class="col-md-4 mb-3">
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<div class="d-flex align-items-center">
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<div class="icon-box icon-primary">
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<i class="fas fa-lightbulb"></i>
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</div>
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<div>
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<h5 class="mb-1">技术突破</h5>
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<p class="mb-0 small">训练成本仅为OpenAI的2%，推理成本为3%-5%</p>
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</div>
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</div>
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</div>
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<div class="col-md-4 mb-3">
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<div class="d-flex align-items-center">
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<div class="icon-box icon-secondary">
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<i class="fas fa-code-branch"></i>
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</div>
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<div>
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<h5 class="mb-1">开源策略</h5>
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<p class="mb-0 small">推动技术普惠，降低AI使用门槛</p>
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</div>
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</div>
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</div>
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<div class="col-md-4 mb-3">
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<div class="d-flex align-items-center">
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<div class="icon-box icon-accent">
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<i class="fas fa-chart-pie"></i>
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</div>
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<div>
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<h5 class="mb-1">产业重塑</h5>
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<p class="mb-0 small">长期有望重塑全球AI产业格局</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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</div>
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</div>
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</section>
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<!-- Timeline Section -->
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<section class="mb-5">
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<h2 class="section-title">概念事件时间轴</h2>
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<div class="card">
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<div class="card-body">
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<div class="timeline">
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<div class="timeline-item">
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<div class="timeline-date">2024年11月29日</div>
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<div class="card border-0 shadow-sm">
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<div class="card-body">
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<p>市场开始关注"国产算力链"，为后续DeepSeek与国产算力的结合埋下伏笔。</p>
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</div>
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</div>
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</div>
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<div class="timeline-item">
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<div class="timeline-date">2024年12月29日</div>
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<div class="card border-0 shadow-sm">
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<div class="card-body">
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<p>天风计算机缪欣君团队发布报告称"Deepseek V3降低算力需求是伪命题"，重申看好字节豆包和国产算力，开始形成市场分歧。</p>
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</div>
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</div>
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</div>
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<div class="timeline-item">
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<div class="timeline-date">2025年1月27日</div>
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<div class="card border-0 shadow-sm">
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<div class="card-body">
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<p>DeepSeek在苹果美国区和中国区应用商店免费APP下载榜登顶，影响力大增，引发投资者对人工智能行业格局变化的关注。</p>
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</div>
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</div>
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</div>
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<div class="timeline-item">
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<div class="timeline-date">2025年2月初</div>
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<div class="card border-0 shadow-sm">
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<div class="card-body">
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<p>多家券商密集发布研报看好DeepSeek对国产算力的推动作用，包括天风证券、中信证券等。</p>
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</div>
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||
</div>
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</div>
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<div class="timeline-item">
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<div class="timeline-date">2025年2月28日</div>
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<div class="card border-0 shadow-sm">
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<div class="card-body">
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<p>证券时报发布"DeepSeek推动AI平权，国产算力迎来价值重估"的报道，指出DeepSeek概念指数大幅飙升，算力产业链方向涨势尤为迅猛，春节后均飙涨逾40%。</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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</div>
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</div>
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</section>
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<!-- Core Logic Section -->
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<section class="mb-5">
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<h2 class="section-title">核心逻辑与市场认知</h2>
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<ul class="nav nav-pills mb-4" id="coreLogicTabs" role="tablist">
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<li class="nav-item" role="presentation">
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<button class="nav-link active" id="drivers-tab" data-bs-toggle="pill" data-bs-target="#drivers" type="button" role="tab" aria-controls="drivers" aria-selected="true">核心驱动力</button>
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</li>
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<li class="nav-item" role="presentation">
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<button class="nav-link" id="market-tab" data-bs-toggle="pill" data-bs-target="#market" type="button" role="tab" aria-controls="market" aria-selected="false">市场热度与情绪</button>
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</li>
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<li class="nav-item" role="presentation">
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<button class="nav-link" id="expectation-tab" data-bs-toggle="pill" data-bs-target="#expectation" type="button" role="tab" aria-controls="expectation" aria-selected="false">预期差分析</button>
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||
</li>
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||
</ul>
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||
<div class="tab-content" id="coreLogicTabsContent">
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||
<div class="tab-pane fade show active" id="drivers" role="tabpanel" aria-labelledby="drivers-tab">
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||
<div class="card">
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||
<div class="card-body">
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||
<div class="row">
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||
<div class="col-md-6 mb-4">
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||
<h5 class="text-primary mb-3"><i class="fas fa-microchip me-2"></i>技术突破与开源策略</h5>
|
||
<ul>
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<li><strong>FP8混合精度训练</strong>：降低计算和存储需求，提升训练速度</li>
|
||
<li><strong>MOE（混合专家模型）架构</strong>：通过负载均衡优化专家任务调度</li>
|
||
<li><strong>专家并行（EP）架构</strong>：推理吞吐量提升至少5倍，延时降低30%-50%</li>
|
||
<li><strong>缓存机制</strong>：KD cache缓存命中率达56.3%，减少重复计算</li>
|
||
</ul>
|
||
</div>
|
||
<div class="col-md-6 mb-4">
|
||
<h5 class="text-primary mb-3"><i class="fas fa-network-wired me-2"></i>国产算力适配与生态建设</h5>
|
||
<ul>
|
||
<li><strong>寒武纪</strong>：一体机及推理集群通过DeepSeek大模型适配</li>
|
||
<li><strong>华为昇腾</strong>：推理服务器通过DeepSeek大模型适配</li>
|
||
<li><strong>海光信息</strong>：DCU加速卡通过DeepSeek大模型适配</li>
|
||
<li><strong>沐曦</strong>：一体机及推理集群通过DeepSeek大模型适配</li>
|
||
</ul>
|
||
</div>
|
||
<div class="col-md-6 mb-4">
|
||
<h5 class="text-primary mb-3"><i class="fas fa-rocket me-2"></i>应用场景爆发</h5>
|
||
<p>DeepSeek的开源策略和低成本特性推动了AI应用场景的爆发。多家上市公司已宣布接入或适配DeepSeek-R1模型，覆盖金融、安全、办公等多个领域。</p>
|
||
</div>
|
||
<div class="col-md-6 mb-4">
|
||
<h5 class="text-primary mb-3"><i class="fas fa-shield-alt me-2"></i>政策与自主可控需求</h5>
|
||
<p>在中美科技竞争背景下，国产算力自主可控成为国家战略需求。DeepSeek与国产算力的结合，为中国AI产业提供了一条不依赖美国技术的可行路径。</p>
|
||
</div>
|
||
</div>
|
||
</div>
|
||
</div>
|
||
</div>
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||
<div class="tab-pane fade" id="market" role="tabpanel" aria-labelledby="market-tab">
|
||
<div class="card">
|
||
<div class="card-body">
|
||
<div class="row">
|
||
<div class="col-md-6 mb-4">
|
||
<h5 class="text-primary mb-3"><i class="fas fa-fire me-2"></i>市场热度高企</h5>
|
||
<ul>
|
||
<li>DeepSeek概念指数大幅飙升，算力产业链方向涨势迅猛</li>
|
||
<li>算力租赁、云计算、AI算力等指数春节后均飙涨逾40%</li>
|
||
<li>多家券商密集发布研报看好DeepSeek对国产算力的推动作用</li>
|
||
<li>截至2025年2月初，至少26家上市公司宣接入或适配deepseek-r1模型</li>
|
||
</ul>
|
||
</div>
|
||
<div class="col-md-6 mb-4">
|
||
<h5 class="text-primary mb-3"><i class="fas fa-smile me-2"></i>市场情绪乐观</h5>
|
||
<p>市场普遍认为DeepSeek的技术突破和开源策略"不仅吹响了AI平权的号角，更带来了国产算力产业链的'正反馈循环'——算力效率提升推动应用场景爆发，应用需求反哺算力迭代，形成双向赋能的产业生态"。</p>
|
||
</div>
|
||
<div class="col-md-12 mb-4">
|
||
<h5 class="text-primary mb-3"><i class="fas fa-balance-scale me-2"></i>存在一定分歧</h5>
|
||
<ul>
|
||
<li>天风计算机缪欣君团队在2024年12月29日的报告中指出"Deepseek V3降低算力需求是伪命题"，与市场上认为DeepSeek会降低算力需求的观点形成分歧。</li>
|
||
<li>有路演数据提到"DeepSeek对AI算力带来巨大冲击，短期内被视为利空"，表明市场对DeepSeek的短期影响存在不同解读。</li>
|
||
</ul>
|
||
</div>
|
||
</div>
|
||
</div>
|
||
</div>
|
||
</div>
|
||
<div class="tab-pane fade" id="expectation" role="tabpanel" aria-labelledby="expectation-tab">
|
||
<div class="card">
|
||
<div class="card-body">
|
||
<div class="row">
|
||
<div class="col-md-6 mb-4">
|
||
<h5 class="text-primary mb-3"><i class="fas fa-calculator me-2"></i>算力需求预期差</h5>
|
||
<p>市场普遍认为DeepSeek的技术优化会降低算力需求，但天风证券明确指出这是"伪命题"。实际上，DeepSeek虽然提高了算力效率，但通过降低使用门槛和成本，反而可能刺激更多应用场景，带来总算力需求的增长。</p>
|
||
<p class="mt-2"><strong>杰文斯悖论</strong>印证效率提升反而增加算力需求，微软、Meta等计划加大算力投资。</p>
|
||
</div>
|
||
<div class="col-md-6 mb-4">
|
||
<h5 class="text-primary mb-3"><i class="fas fa-microchip me-2"></i>国产算力性能预期差</h5>
|
||
<p>市场可能低估了国产算力的实际性能。根据路演数据，"国内单卡性能（如昇腾、寒武纪）已接近英伟达H100"，这与市场普遍认为国产芯片性能远逊于国际巨头的认知存在差距。</p>
|
||
<p class="mt-2">华为昇腾910C芯片被描述为"单卡性能接近A100的60%，领先国产其他算力芯片至少半代"。</p>
|
||
</div>
|
||
<div class="col-md-6 mb-4">
|
||
<h5 class="text-primary mb-3"><i class="fas fa-handshake me-2"></i>商业化进程预期差</h5>
|
||
<p>市场可能高估了DeepSeek等大模型的商业化进程。路演数据提到DeepSeek"当前处于'如何使用'阶段，用户痛点为服务器繁忙"，表明基础设施仍需完善。</p>
|
||
<p class="mt-2">同时，市场可能低估了本地部署的需求。因数据安全需求增加，本地部署成为第二类解决方案。</p>
|
||
</div>
|
||
<div class="col-md-6 mb-4">
|
||
<h5 class="text-primary mb-3"><i class="fas fa-sitemap me-2"></i>产业链价值分配预期差</h5>
|
||
<p>市场可能过度关注芯片本身，而低估了产业链其他环节的价值。高速背板线模组、服务器电源、液冷等配套环节也具有重要价值，如华丰科技在华为昇腾服务器高速背板线模组领域的份额预计达60%-70%。</p>
|
||
</div>
|
||
</div>
|
||
</div>
|
||
</div>
|
||
</div>
|
||
</div>
|
||
</section>
|
||
|
||
<!-- Catalysts Section -->
|
||
<section class="mb-5">
|
||
<h2 class="section-title">关键催化剂与未来发展路径</h2>
|
||
<div class="row">
|
||
<div class="col-md-6 mb-4">
|
||
<div class="card h-100">
|
||
<div class="card-header bg-primary text-white">
|
||
<h5 class="mb-0"><i class="fas fa-bolt me-2"></i>近期催化剂（未来3-6个月）</h5>
|
||
</div>
|
||
<div class="card-body">
|
||
<ul>
|
||
<li><strong>华为昇腾910C大规模量产</strong>：预计2025年3月大规模量产，出货量较2024年增长三倍以上</li>
|
||
<li><strong>DeepSeek新版本发布</strong>：持续迭代，可能发布新版本或新功能</li>
|
||
<li><strong>更多上市公司接入DeepSeek</strong>：接入趋势延续，每次新接入公告都可能成为催化剂</li>
|
||
<li><strong>国产算力基础设施建设加速</strong>：国内云厂商2025年资本开支预计增长30%-50%</li>
|
||
<li><strong>政策支持落地</strong>：支持国产算力的政策可能进一步出台或落地</li>
|
||
</ul>
|
||
</div>
|
||
</div>
|
||
</div>
|
||
<div class="col-md-6 mb-4">
|
||
<div class="card h-100">
|
||
<div class="card-header bg-secondary text-white">
|
||
<h5 class="mb-0"><i class="fas fa-road me-2"></i>长期发展路径</h5>
|
||
</div>
|
||
<div class="card-body">
|
||
<ul>
|
||
<li><strong>技术迭代与性能提升</strong>：国产算力芯片持续迭代，缩小与国际先进水平差距</li>
|
||
<li><strong>应用场景从通用到垂直</strong>：从通用大模型应用落地到垂直领域大模型兴起</li>
|
||
<li><strong>商业模式从算力租赁到价值服务</strong>：从算力租赁、模型API调用到基于行业知识的增值服务</li>
|
||
<li><strong>产业链从硬件到生态</strong>：从硬件为主要增长点到形成完整的国产AI产业生态</li>
|
||
<li><strong>市场从国内到全球</strong>：从满足国内需求到成为全球AI产业的重要参与者</li>
|
||
</ul>
|
||
</div>
|
||
</div>
|
||
</div>
|
||
</div>
|
||
</section>
|
||
|
||
<!-- Industry Chain Section -->
|
||
<section class="mb-5">
|
||
<h2 class="section-title">产业链与核心公司深度剖析</h2>
|
||
<div class="card">
|
||
<div class="card-body">
|
||
<h5 class="text-primary mb-3"><i class="fas fa-sitemap me-2"></i>产业链图谱</h5>
|
||
<div class="row">
|
||
<div class="col-md-3 mb-4">
|
||
<div class="card border-primary">
|
||
<div class="card-header bg-primary text-white text-center">
|
||
<strong>上游：芯片设计与制造</strong>
|
||
</div>
|
||
<div class="card-body">
|
||
<p class="small mb-2">AI芯片设计：寒武纪、海光信息、华为昇腾、沐曦、景嘉微等</p>
|
||
<p class="small mb-2">芯片制造：中芯国际等</p>
|
||
<p class="small mb-0">配套芯片：万通发展、致尚科技等</p>
|
||
</div>
|
||
</div>
|
||
</div>
|
||
<div class="col-md-3 mb-4">
|
||
<div class="card border-secondary">
|
||
<div class="card-header bg-secondary text-white text-center">
|
||
<strong>中游：服务器与系统集成</strong>
|
||
</div>
|
||
<div class="card-body">
|
||
<p class="small mb-2">服务器制造商：浪潮信息、中科曙光、神州数码等</p>
|
||
<p class="small mb-2">服务器组件：华丰科技、泰嘉股份、英维克等</p>
|
||
<p class="small mb-0">系统集成：软通动力、四川长虹等</p>
|
||
</div>
|
||
</div>
|
||
</div>
|
||
<div class="col-md-3 mb-4">
|
||
<div class="card border-info">
|
||
<div class="card-header bg-info text-white text-center">
|
||
<strong>下游：应用与服务</strong>
|
||
</div>
|
||
<div class="card-body">
|
||
<p class="small mb-2">云服务：中国电信、优刻得、青云科技等</p>
|
||
<p class="small mb-2">行业应用：拓尔思、金山办公、科大讯飞等</p>
|
||
<p class="small mb-0">算力租赁：润泽科技等</p>
|
||
</div>
|
||
</div>
|
||
</div>
|
||
<div class="col-md-3 mb-4">
|
||
<div class="card border-success">
|
||
<div class="card-header bg-success text-white text-center">
|
||
<strong>配套服务</strong>
|
||
</div>
|
||
<div class="card-body">
|
||
<p class="small mb-2">技术支持：中科加禾、中昊芯英等</p>
|
||
<p class="small mb-0">知识蒸馏技术：智信精密、中科通达、恒烁股份等</p>
|
||
</div>
|
||
</div>
|
||
</div>
|
||
</div>
|
||
|
||
<h5 class="text-primary mb-3 mt-4"><i class="fas fa-chess me-2"></i>核心玩家对比</h5>
|
||
<div class="row">
|
||
<div class="col-md-4 mb-4">
|
||
<div class="card h-100">
|
||
<div class="card-header bg-primary text-white">
|
||
<h6 class="mb-0">芯片领域</h6>
|
||
</div>
|
||
<div class="card-body">
|
||
<div class="mb-3">
|
||
<h6 class="text-primary">华为昇腾</h6>
|
||
<p class="small mb-1">软件生态成熟，网络交换技术先进，显卡集群算力有效利用率超70%</p>
|
||
<p class="small mb-1">昇腾910C性能接近A100的60%，领先国产其他算力芯片至少半代</p>
|
||
<p class="small">预计2025年3月大规模量产910C，出货量较2024年增长三倍以上</p>
|
||
</div>
|
||
<div class="mb-3">
|
||
<h6 class="text-primary">寒武纪</h6>
|
||
<p class="small mb-1">580及下一代产品690均支持FP8，已通过DeepSeek大模型适配</p>
|
||
<p class="small">一体机及推理集群通过DeepSeek大模型适配，在推理领域有优势</p>
|
||
</div>
|
||
<div>
|
||
<h6 class="text-primary">海光信息</h6>
|
||
<p class="small mb-1">DCU加速卡通过DeepSeek大模型适配，在CPU+GPU一体化解决方案上有优势</p>
|
||
<p class="small">生成模型全面接入并适配DeepSeek模型，直接受益于DeepSeek带动的国产算力需求增长</p>
|
||
</div>
|
||
</div>
|
||
</div>
|
||
</div>
|
||
<div class="col-md-4 mb-4">
|
||
<div class="card h-100">
|
||
<div class="card-header bg-secondary text-white">
|
||
<h6 class="mb-0">服务器与系统集成领域</h6>
|
||
</div>
|
||
<div class="card-body">
|
||
<div class="mb-3">
|
||
<h6 class="text-primary">浪潮信息</h6>
|
||
<p class="small mb-1">为DeepSeek北京亦庄智算中心提供AI服务器集群，在AI服务器领域有深厚积累</p>
|
||
<p class="small">同时属于寒武链国产算力，与多家芯片厂商有合作</p>
|
||
</div>
|
||
<div class="mb-3">
|
||
<h6 class="text-primary">中科曙光</h6>
|
||
<p class="small mb-1">承建DeepSeek杭州训练中心液冷系统，在液冷技术上有优势</p>
|
||
<p class="small">属于海光链国产算力，与海光信息有协同效应</p>
|
||
</div>
|
||
<div>
|
||
<h6 class="text-primary">华丰科技</h6>
|
||
<p class="small mb-1">华为AI算力平台中高速线模组的核心供应商，2025年份额预计达60%</p>
|
||
<p class="small">随着升腾910B DBC推进（尤其是910C加速），其高速线模组将快速上线，2025年业绩显著放量</p>
|
||
</div>
|
||
</div>
|
||
</div>
|
||
</div>
|
||
<div class="col-md-4 mb-4">
|
||
<div class="card h-100">
|
||
<div class="card-header bg-info text-white">
|
||
<h6 class="mb-0">应用与服务领域</h6>
|
||
</div>
|
||
<div class="card-body">
|
||
<div class="mb-3">
|
||
<h6 class="text-primary">润泽科技</h6>
|
||
<p class="small mb-1">为DeepSeek提供3000+机柜资源，客户包括字节跳动、华为等互联网厂商</p>
|
||
<p class="small">在浙江平湖、粤港澳（惠州、佛山）布局100-200兆瓦大机房，业绩兑现能力强</p>
|
||
</div>
|
||
<div class="mb-3">
|
||
<h6 class="text-primary">拓尔思</h6>
|
||
<p class="small mb-1">与DeepSeek联合开发金融舆情大模型，在垂直领域有深度积累</p>
|
||
<p class="small">涉及知识蒸馏技术，可以将大模型能力蒸馏到小模型，适合端侧部署</p>
|
||
</div>
|
||
<div>
|
||
<h6 class="text-primary">金山办公</h6>
|
||
<p class="small mb-1">WPS智能写作集成DeepSeek-Writer API，拥有庞大的用户基础</p>
|
||
<p class="small">将大模型能力融入办公软件，提升产品竞争力</p>
|
||
</div>
|
||
</div>
|
||
</div>
|
||
</div>
|
||
</div>
|
||
</div>
|
||
</div>
|
||
</section>
|
||
|
||
<!-- Risks Section -->
|
||
<section class="mb-5">
|
||
<h2 class="section-title">潜在风险与挑战</h2>
|
||
<div class="card">
|
||
<div class="card-body">
|
||
<div class="row">
|
||
<div class="col-md-6 mb-4">
|
||
<h5 class="text-primary mb-3"><i class="fas fa-microchip me-2"></i>技术风险</h5>
|
||
<ul>
|
||
<li><strong>国产芯片性能瓶颈</strong>：在大规模集群部署时，国产芯片的主网（大规模集群协同）仍是难点</li>
|
||
<li><strong>先进制程获取受限</strong>：由于美国制裁，国产芯片厂商在获取先进制程方面面临挑战</li>
|
||
<li><strong>多模态算力需求激增</strong>：多模态模型对算力需求远超文本模型，可能对国产算力提出更高要求</li>
|
||
</ul>
|
||
</div>
|
||
<div class="col-md-6 mb-4">
|
||
<h5 class="text-primary mb-3"><i class="fas fa-shopping-cart me-2"></i>商业化风险</h5>
|
||
<ul>
|
||
<li><strong>成本与盈利能力</strong>：国产算力芯片由于规模较小，单位成本可能仍高于国际巨头</li>
|
||
<li><strong>市场接受度</strong>：DeepSeek"当前处于'如何使用'阶段，用户痛点为服务器繁忙"</li>
|
||
<li><strong>应用场景落地难度</strong>：从技术演示到大规模商业应用之间存在鸿沟</li>
|
||
</ul>
|
||
</div>
|
||
<div class="col-md-6 mb-4">
|
||
<h5 class="text-primary mb-3"><i class="fas fa-balance-scale me-2"></i>政策与竞争风险</h5>
|
||
<ul>
|
||
<li><strong>美国制裁加剧</strong>：美国可能进一步加强对中国AI产业的制裁，限制关键技术和设备出口</li>
|
||
<li><strong>国际巨头竞争</strong>：英伟达、AMD等国际巨头在AI芯片领域仍保持领先地位，且持续投入研发</li>
|
||
<li><strong>国内市场竞争加剧</strong>：更多企业可能进入该领域，导致竞争加剧，可能引发价格战</li>
|
||
</ul>
|
||
</div>
|
||
<div class="col-md-6 mb-4">
|
||
<h5 class="text-primary mb-3"><i class="fas fa-exclamation-triangle me-2"></i>信息交叉验证风险</h5>
|
||
<ul>
|
||
<li><strong>算力需求预测矛盾</strong>：天风证券认为"Deepseek V3降低算力需求是伪命题"，与市场普遍观点形成分歧</li>
|
||
<li><strong>国产芯片性能评估差异</strong>：不同机构对芯片性能的测试方法和标准可能不同，导致评估结果存在差异</li>
|
||
<li><strong>商业化进展时间线预期不一致</strong>：对国产算力的商业化进展较为乐观，但实际进展可能不及预期</li>
|
||
</ul>
|
||
</div>
|
||
</div>
|
||
</div>
|
||
</div>
|
||
</section>
|
||
|
||
<!-- Investment Insights Section -->
|
||
<section class="mb-5">
|
||
<h2 class="section-title">综合结论与投资启示</h2>
|
||
<div class="card">
|
||
<div class="card-body">
|
||
<h5 class="text-primary mb-3"><i class="fas fa-lightbulb me-2"></i>综合结论</h5>
|
||
<p>DeepSeek与国产算力概念目前正处于从技术突破向商业化落地的关键过渡期。一方面，DeepSeek通过技术创新和开源策略确实降低了AI模型的使用门槛，为国产算力提供了应用场景；另一方面，国产算力在芯片性能、生态系统、产业链成熟度等方面仍面临挑战，但正在快速进步。</p>
|
||
<p class="mt-2">从市场表现看，该概念已引起广泛关注，相关指数和个股涨幅显著，表明市场认可其长期价值。然而，短期内仍存在炒作成分，部分公司的实际业务贡献可能有限。整体而言，该概念已从纯主题炒作阶段逐步向基本面驱动阶段过渡，但完全实现基本面驱动仍需时日。</p>
|
||
|
||
<h5 class="text-primary mb-3 mt-4"><i class="fas fa-chart-line me-2"></i>投资价值细分环节</h5>
|
||
<div class="row">
|
||
<div class="col-md-6 mb-3">
|
||
<div class="card border-primary">
|
||
<div class="card-header bg-primary text-white">
|
||
<h6 class="mb-0">华为昇腾产业链</h6>
|
||
</div>
|
||
<div class="card-body">
|
||
<p class="small mb-2"><strong>原因</strong>：华为昇腾在国产算力中生态最成熟，910C芯片性能领先，2025年将大规模量产，出货量预计增长三倍以上</p>
|
||
<p class="small"><strong>风险</strong>：过度依赖华为单一客户，如果华为市场份额下滑将直接影响业绩</p>
|
||
</div>
|
||
</div>
|
||
</div>
|
||
<div class="col-md-6 mb-3">
|
||
<div class="card border-secondary">
|
||
<div class="card-header bg-secondary text-white">
|
||
<h6 class="mb-0">算力基础设施</h6>
|
||
</div>
|
||
<div class="card-body">
|
||
<p class="small mb-2"><strong>原因</strong>：随着AI应用普及，算力需求将持续增长，IDC、液冷、光模块等基础设施将长期受益</p>
|
||
<p class="small"><strong>风险</strong>：IDC行业资本开支大，回报周期长，可能面临资金压力</p>
|
||
</div>
|
||
</div>
|
||
</div>
|
||
<div class="col-md-6 mb-3">
|
||
<div class="card border-info">
|
||
<div class="card-header bg-info text-white">
|
||
<h6 class="mb-0">AI应用落地</h6>
|
||
</div>
|
||
<div class="card-body">
|
||
<p class="small mb-2"><strong>原因</strong>：DeepSeek的开源策略降低了AI应用开发门槛，垂直领域应用将率先落地</p>
|
||
<p class="small"><strong>风险</strong>：垂直领域应用市场规模有限，可能制约成长空间；同时面临国际巨头竞争</p>
|
||
</div>
|
||
</div>
|
||
</div>
|
||
<div class="col-md-6 mb-3">
|
||
<div class="card border-success">
|
||
<div class="card-header bg-success text-white">
|
||
<h6 class="mb-0">国产AI芯片</h6>
|
||
</div>
|
||
<div class="card-body">
|
||
<p class="small mb-2"><strong>原因</strong>：国产替代是大势所趋，寒武纪、海光信息等国产芯片厂商已完成DeepSeek模型适配</p>
|
||
<p class="small"><strong>风险</strong>：与国际巨头仍有差距，短期内难以在高端市场完全替代；研发投入大，盈利能力有待提升</p>
|
||
</div>
|
||
</div>
|
||
</div>
|
||
</div>
|
||
|
||
<h5 class="text-primary mb-3 mt-4"><i class="fas fa-tasks me-2"></i>重点跟踪指标</h5>
|
||
<div class="row">
|
||
<div class="col-md-6 mb-3">
|
||
<div class="d-flex align-items-start">
|
||
<div class="badge bg-primary rounded-pill me-2 mt-1">1</div>
|
||
<div>
|
||
<h6 class="text-primary">华为昇腾910C量产进度</h6>
|
||
<p class="small">跟踪2025年一季度华为官方是否宣布910C量产，以及相关供应链公司的订单和业绩变化</p>
|
||
</div>
|
||
</div>
|
||
</div>
|
||
<div class="col-md-6 mb-3">
|
||
<div class="d-flex align-items-start">
|
||
<div class="badge bg-primary rounded-pill me-2 mt-1">2</div>
|
||
<div>
|
||
<h6 class="text-primary">DeepSeek用户增长和API调用量</h6>
|
||
<p class="small">跟踪DeepSeek的日活跃用户数、API调用量变化，以及服务器资源紧张状况是否缓解</p>
|
||
</div>
|
||
</div>
|
||
</div>
|
||
<div class="col-md-6 mb-3">
|
||
<div class="d-flex align-items-start">
|
||
<div class="badge bg-primary rounded-pill me-2 mt-1">3</div>
|
||
<div>
|
||
<h6 class="text-primary">国产算力芯片出货量和市场份额</h6>
|
||
<p class="small">跟踪寒武纪、海光信息、华为昇腾等国产芯片的出货量、市场份额变化，以及在大型项目中的中标情况</p>
|
||
</div>
|
||
</div>
|
||
</div>
|
||
<div class="col-md-6 mb-3">
|
||
<div class="d-flex align-items-start">
|
||
<div class="badge bg-primary rounded-pill me-2 mt-1">4</div>
|
||
<div>
|
||
<h6 class="text-primary">接入DeepSeek的上市公司实际业务贡献</h6>
|
||
<p class="small">跟踪已宣布接入DeepSeek的上市公司的相关业务收入、用户增长等实际贡献</p>
|
||
</div>
|
||
</div>
|
||
</div>
|
||
</div>
|
||
</div>
|
||
</div>
|
||
</section>
|
||
|
||
<!-- Stock Data Section -->
|
||
<section class="mb-5">
|
||
<h2 class="section-title">DeepSeek与国产算力相关股票</h2>
|
||
<div class="card">
|
||
<div class="card-body">
|
||
<div class="table-responsive">
|
||
<table class="table table-hover stock-table">
|
||
<thead>
|
||
<tr>
|
||
<th>股票名称</th>
|
||
<th>项目/产业链</th>
|
||
<th>分类</th>
|
||
<th>原因</th>
|
||
</tr>
|
||
</thead>
|
||
<tbody>
|
||
<tr>
|
||
<td class="stock-name">寒武纪</td>
|
||
<td>DeepSeek大模型适配通过</td>
|
||
<td><span class="tag tag-primary">一体机</span></td>
|
||
<td>寒武纪一体机及推理集群通过DeepSeek大模型适配</td>
|
||
</tr>
|
||
<tr>
|
||
<td class="stock-name">华为</td>
|
||
<td>DeepSeek大模型适配通过</td>
|
||
<td><span class="tag tag-primary">推理服务器</span></td>
|
||
<td>华为推理服务器通过DeepSeek大模型适配</td>
|
||
</tr>
|
||
<tr>
|
||
<td class="stock-name">海光</td>
|
||
<td>DeepSeek大模型适配通过</td>
|
||
<td><span class="tag tag-primary">DCU加速卡</span></td>
|
||
<td>海光DCU加速卡通过DeepSeek大模型适配</td>
|
||
</tr>
|
||
<tr>
|
||
<td class="stock-name">沐曦</td>
|
||
<td>DeepSeek大模型适配通过</td>
|
||
<td><span class="tag tag-primary">一体机及推理集群</span></td>
|
||
<td>沐曦一体机及推理集群通过DeepSeek大模型适配</td>
|
||
</tr>
|
||
<tr>
|
||
<td class="stock-name">中国电信</td>
|
||
<td>DeepSeek大模型适配通过</td>
|
||
<td><span class="tag tag-primary">星辰mass平台</span></td>
|
||
<td>中国电信星辰mass平台通过DeepSeek大模型适配</td>
|
||
</tr>
|
||
<tr>
|
||
<td class="stock-name">昆仑芯</td>
|
||
<td>DeepSeek大模型适配通过</td>
|
||
<td><span class="tag tag-primary">一体机</span></td>
|
||
<td>昆仑芯一体机通过DeepSeek大模型适配</td>
|
||
</tr>
|
||
<tr>
|
||
<td class="stock-name">中昊芯英</td>
|
||
<td>DeepSeek大模型适配通过</td>
|
||
<td><span class="tag tag-primary">泰择GPTPU人工智能服务器</span></td>
|
||
<td>中昊芯英泰择GPTPU人工智能服务器通过DeepSeek大模型适配</td>
|
||
</tr>
|
||
<tr>
|
||
<td class="stock-name">中科加禾</td>
|
||
<td>DeepSeek大模型适配通过</td>
|
||
<td><span class="tag tag-primary">异构原生模型推理引擎sigInfer</span></td>
|
||
<td>中科加禾异构原生模型推理引擎sigInfer通过DeepSeek大模型适配</td>
|
||
</tr>
|
||
<tr>
|
||
<td class="stock-name">华丰科技</td>
|
||
<td>昇腾链</td>
|
||
<td><span class="tag tag-secondary">国产算力</span></td>
|
||
<td>华丰科技属于昇腾链国产算力</td>
|
||
</tr>
|
||
<tr>
|
||
<td class="stock-name">泰嘉股份</td>
|
||
<td>昇腾链</td>
|
||
<td><span class="tag tag-secondary">国产算力</span></td>
|
||
<td>泰嘉股份属于昇腾链国产算力</td>
|
||
</tr>
|
||
<tr>
|
||
<td class="stock-name">凯旺科技</td>
|
||
<td>昇腾链</td>
|
||
<td><span class="tag tag-secondary">国产算力</span></td>
|
||
<td>凯旺科技属于昇腾链国产算力</td>
|
||
</tr>
|
||
<tr>
|
||
<td class="stock-name">川润股份</td>
|
||
<td>昇腾链</td>
|
||
<td><span class="tag tag-secondary">国产算力</span></td>
|
||
<td>川润股份属于昇腾链国产算力</td>
|
||
</tr>
|
||
<tr>
|
||
<td class="stock-name">高新发展</td>
|
||
<td>昇腾链</td>
|
||
<td><span class="tag tag-secondary">国产算力</span></td>
|
||
<td>高新发展属于昇腾链国产算力</td>
|
||
</tr>
|
||
<tr>
|
||
<td class="stock-name">科创信息</td>
|
||
<td>昇腾链</td>
|
||
<td><span class="tag tag-secondary">国产算力</span></td>
|
||
<td>科创信息属于昇腾链国产算力</td>
|
||
</tr>
|
||
<tr>
|
||
<td class="stock-name">创新源</td>
|
||
<td>昇腾链</td>
|
||
<td><span class="tag tag-secondary">国产算力</span></td>
|
||
<td>创新源属于昇腾链国产算力</td>
|
||
</tr>
|
||
<tr>
|
||
<td class="stock-name">得润电子</td>
|
||
<td>昇腾链</td>
|
||
<td><span class="tag tag-secondary">国产算力</span></td>
|
||
<td>得润电子属于昇腾链国产算力</td>
|
||
</tr>
|
||
<tr>
|
||
<td class="stock-name">飞荣达</td>
|
||
<td>昇腾链</td>
|
||
<td><span class="tag tag-secondary">国产算力</span></td>
|
||
<td>飞荣达属于昇腾链国产算力</td>
|
||
</tr>
|
||
<tr>
|
||
<td class="stock-name">意华股份</td>
|
||
<td>昇腾链</td>
|
||
<td><span class="tag tag-secondary">国产算力</span></td>
|
||
<td>意华股份属于昇腾链国产算力</td>
|
||
</tr>
|
||
<tr>
|
||
<td class="stock-name">荣科科技</td>
|
||
<td>昇腾链</td>
|
||
<td><span class="tag tag-secondary">国产算力</span></td>
|
||
<td>荣科科技属于昇腾链国产算力</td>
|
||
</tr>
|
||
<tr>
|
||
<td class="stock-name">寒武纪</td>
|
||
<td>寒武链</td>
|
||
<td><span class="tag tag-secondary">国产算力</span></td>
|
||
<td>寒武纪属于寒武链国产算力</td>
|
||
</tr>
|
||
<tr>
|
||
<td class="stock-name">浪潮信息</td>
|
||
<td>寒武链</td>
|
||
<td><span class="tag tag-secondary">国产算力</span></td>
|
||
<td>浪潮信息属于寒武链国产算力</td>
|
||
</tr>
|
||
<tr>
|
||
<td class="stock-name">超讯通信</td>
|
||
<td>沐曦链</td>
|
||
<td><span class="tag tag-secondary">国产算力</span></td>
|
||
<td>超讯通信属于沐曦链国产算力</td>
|
||
</tr>
|
||
<tr>
|
||
<td class="stock-name">优刻得</td>
|
||
<td>沐曦链</td>
|
||
<td><span class="tag tag-secondary">国产算力</span></td>
|
||
<td>优刻得属于沐曦链国产算力</td>
|
||
</tr>
|
||
<tr>
|
||
<td class="stock-name">景嘉微</td>
|
||
<td>沐曦链</td>
|
||
<td><span class="tag tag-secondary">国产算力</span></td>
|
||
<td>景嘉微属于沐曦链国产算力</td>
|
||
</tr>
|
||
<tr>
|
||
<td class="stock-name">科华数据</td>
|
||
<td>沐曦链</td>
|
||
<td><span class="tag tag-secondary">国产算力</span></td>
|
||
<td>科华数据属于沐曦链国产算力</td>
|
||
</tr>
|
||
<tr>
|
||
<td class="stock-name">立讯精密</td>
|
||
<td>沐曦链</td>
|
||
<td><span class="tag tag-secondary">国产算力</span></td>
|
||
<td>立讯精密属于沐曦链国产算力</td>
|
||
</tr>
|
||
<tr>
|
||
<td class="stock-name">亿都国</td>
|
||
<td>沐曦链</td>
|
||
<td><span class="tag tag-secondary">国产算力</span></td>
|
||
<td>亿都国属于沐曦链国产算力</td>
|
||
</tr>
|
||
<tr>
|
||
<td class="stock-name">际控股</td>
|
||
<td>沐曦链</td>
|
||
<td><span class="tag tag-secondary">国产算力</span></td>
|
||
<td>际控股属于沐曦链国产算力</td>
|
||
</tr>
|
||
<tr>
|
||
<td class="stock-name">海光信息</td>
|
||
<td>海光链</td>
|
||
<td><span class="tag tag-secondary">国产算力</span></td>
|
||
<td>海光信息属于海光链国产算力</td>
|
||
</tr>
|
||
<tr>
|
||
<td class="stock-name">中科曙光</td>
|
||
<td>海光链</td>
|
||
<td><span class="tag tag-secondary">国产算力</span></td>
|
||
<td>中科曙光属于海光链国产算力</td>
|
||
</tr>
|
||
<tr>
|
||
<td class="stock-name">新致软件</td>
|
||
<td>海光链</td>
|
||
<td><span class="tag tag-secondary">国产算力</span></td>
|
||
<td>新致软件属于海光链国产算力</td>
|
||
</tr>
|
||
<tr>
|
||
<td class="stock-name">中国长城</td>
|
||
<td>海光链</td>
|
||
<td><span class="tag tag-secondary">国产算力</span></td>
|
||
<td>中国长城属于海光链国产算力</td>
|
||
</tr>
|
||
<tr>
|
||
<td class="stock-name">曙光数创</td>
|
||
<td>海光链</td>
|
||
<td><span class="tag tag-secondary">国产算力</span></td>
|
||
<td>曙光数创属于海光链国产算力</td>
|
||
</tr>
|
||
<tr>
|
||
<td class="stock-name">华丰科技</td>
|
||
<td>华为链</td>
|
||
<td><span class="tag tag-secondary">国产算力</span></td>
|
||
<td>华丰科技属于华为链国产算力</td>
|
||
</tr>
|
||
<tr>
|
||
<td class="stock-name">神州数码</td>
|
||
<td>华为链</td>
|
||
<td><span class="tag tag-secondary">国产算力</span></td>
|
||
<td>神州数码属于华为链国产算力</td>
|
||
</tr>
|
||
<tr>
|
||
<td class="stock-name">拓维信息</td>
|
||
<td>华为链</td>
|
||
<td><span class="tag tag-secondary">国产算力</span></td>
|
||
<td>拓维信息属于华为链国产算力</td>
|
||
</tr>
|
||
<tr>
|
||
<td class="stock-name">软通动力</td>
|
||
<td>华为链</td>
|
||
<td><span class="tag tag-secondary">国产算力</span></td>
|
||
<td>软通动力属于华为链国产算力</td>
|
||
</tr>
|
||
<tr>
|
||
<td class="stock-name">四川长虹</td>
|
||
<td>华为链</td>
|
||
<td><span class="tag tag-secondary">国产算力</span></td>
|
||
<td>四川长虹属于华为链国产算力</td>
|
||
</tr>
|
||
<tr>
|
||
<td class="stock-name">润泽科技</td>
|
||
<td>润泽科技</td>
|
||
<td><span class="tag tag-secondary">国产算力</span></td>
|
||
<td>润泽科技为DeepSeek提供3000+机柜资源</td>
|
||
</tr>
|
||
<tr>
|
||
<td class="stock-name">浪潮信息</td>
|
||
<td>浪潮信息</td>
|
||
<td><span class="tag tag-secondary">国产算力</span></td>
|
||
<td>浪潮信息为DeepSeek北京亦庄智算中心提供AI服务器集群</td>
|
||
</tr>
|
||
<tr>
|
||
<td class="stock-name">中科曙光</td>
|
||
<td>中科曙光</td>
|
||
<td><span class="tag tag-secondary">国产算力</span></td>
|
||
<td>中科曙光承建DeepSeek杭州训练中心液冷系统</td>
|
||
</tr>
|
||
<tr>
|
||
<td class="stock-name">寒武纪</td>
|
||
<td>580及下一代产品690均支持FP8</td>
|
||
<td><span class="tag tag-accent">AI芯片</span></td>
|
||
<td>寒武纪580及下一代产品690均支持FP8</td>
|
||
</tr>
|
||
<tr>
|
||
<td class="stock-name">芯原股份</td>
|
||
<td>国内ASIC龙头</td>
|
||
<td><span class="tag tag-accent">AI芯片</span></td>
|
||
<td>芯原股份是国内ASIC龙头，ZJ项目设计进展顺利，后续有望提升至百万颗量级</td>
|
||
</tr>
|
||
<tr>
|
||
<td class="stock-name">中科加禾</td>
|
||
<td>异构原生模型推理引擎sigInfer</td>
|
||
<td><span class="tag tag-accent">AI芯片</span></td>
|
||
<td>中科加禾异构原生模型推理引擎sigInfer通过DeepSeek大模型适配</td>
|
||
</tr>
|
||
<tr>
|
||
<td class="stock-name">中昊芯英</td>
|
||
<td>泰择GPTPU人工智能服务器</td>
|
||
<td><span class="tag tag-accent">AI芯片</span></td>
|
||
<td>中昊芯英泰择GPTPU人工智能服务器通过DeepSeek大模型适配</td>
|
||
</tr>
|
||
<tr>
|
||
<td class="stock-name">科德教育</td>
|
||
<td>持股中昊芯英5.53%</td>
|
||
<td><span class="tag tag-accent">AI芯片</span></td>
|
||
<td>科德教育持股中昊芯英5.53%，通过DeepSeek大模型适配</td>
|
||
</tr>
|
||
<tr>
|
||
<td class="stock-name">景嘉微</td>
|
||
<td>国产GPU</td>
|
||
<td><span class="tag tag-accent">AI芯片</span></td>
|
||
<td>景嘉微国产GPU通过DeepSeek大模型适配</td>
|
||
</tr>
|
||
<tr>
|
||
<td class="stock-name">国芯科技</td>
|
||
<td>国产GPU</td>
|
||
<td><span class="tag tag-accent">AI芯片</span></td>
|
||
<td>国芯科技国产GPU通过DeepSeek大模型适配</td>
|
||
</tr>
|
||
<tr>
|
||
<td class="stock-name">海光信息</td>
|
||
<td>国产GPU</td>
|
||
<td><span class="tag tag-accent">AI芯片</span></td>
|
||
<td>海光信息国产GPU通过DeepSeek大模型适配</td>
|
||
</tr>
|
||
<tr>
|
||
<td class="stock-name">东芯股份</td>
|
||
<td>国产GPU</td>
|
||
<td><span class="tag tag-accent">AI芯片</span></td>
|
||
<td>东芯股份国产GPU通过DeepSeek大模型适配</td>
|
||
</tr>
|
||
<tr>
|
||
<td class="stock-name">华东重机</td>
|
||
<td>国产GPU</td>
|
||
<td><span class="tag tag-accent">AI芯片</span></td>
|
||
<td>华东重机国产GPU通过DeepSeek大模型适配</td>
|
||
</tr>
|
||
<tr>
|
||
<td class="stock-name">旋极信息</td>
|
||
<td>国产GPU</td>
|
||
<td><span class="tag tag-accent">AI芯片</span></td>
|
||
<td>旋极信息国产GPU通过DeepSeek大模型适配</td>
|
||
</tr>
|
||
<tr>
|
||
<td class="stock-name">科德教育</td>
|
||
<td>ASIC-TPU</td>
|
||
<td><span class="tag tag-accent">AI芯片</span></td>
|
||
<td>科德教育ASIC-TPU通过DeepSeek大模型适配</td>
|
||
</tr>
|
||
<tr>
|
||
<td class="stock-name">芯原股份</td>
|
||
<td>ASIC定制服务</td>
|
||
<td><span class="tag tag-accent">AI芯片</span></td>
|
||
<td>芯原股份ASIC定制服务通过DeepSeek大模型适配</td>
|
||
</tr>
|
||
<tr>
|
||
<td class="stock-name">翱捷科技</td>
|
||
<td>ASIC定制服务</td>
|
||
<td><span class="tag tag-accent">AI芯片</span></td>
|
||
<td>翱捷科技ASIC定制服务通过DeepSeek大模型适配</td>
|
||
</tr>
|
||
<tr>
|
||
<td class="stock-name">灿芯股份</td>
|
||
<td>ASIC定制服务</td>
|
||
<td><span class="tag tag-accent">AI芯片</span></td>
|
||
<td>灿芯股份ASIC定制服务通过DeepSeek大模型适配</td>
|
||
</tr>
|
||
<tr>
|
||
<td class="stock-name">致尚科技</td>
|
||
<td>ASIC-DPU</td>
|
||
<td><span class="tag tag-accent">AI芯片</span></td>
|
||
<td>致尚科技ASIC-DPU通过DeepSeek大模型适配</td>
|
||
</tr>
|
||
<tr>
|
||
<td class="stock-name">中兴通讯</td>
|
||
<td>ASIC-DPU</td>
|
||
<td><span class="tag tag-accent">AI芯片</span></td>
|
||
<td>中兴通讯ASIC-DPU通过DeepSeek大模型适配</td>
|
||
</tr>
|
||
<tr>
|
||
<td class="stock-name">寒武纪</td>
|
||
<td>MLU</td>
|
||
<td><span class="tag tag-accent">AI芯片</span></td>
|
||
<td>寒武纪MLU通过DeepSeek大模型适配</td>
|
||
</tr>
|
||
<tr>
|
||
<td class="stock-name">万通发展</td>
|
||
<td>PCle交换芯片</td>
|
||
<td><span class="tag tag-accent">AI芯片</span></td>
|
||
<td>万通发展PCle交换芯片通过DeepSeek大模型适配</td>
|
||
</tr>
|
||
<tr>
|
||
<td class="stock-name">杭钢股份</td>
|
||
<td>DeepSeek-R1全国产化适配</td>
|
||
<td><span class="tag tag-primary">技术合作</span></td>
|
||
<td>杭钢股份子公司数据公司完成DeepSeek-R1全国产化适配</td>
|
||
</tr>
|
||
<tr>
|
||
<td class="stock-name">航锦科技</td>
|
||
<td>光模块和交换机</td>
|
||
<td><span class="tag tag-primary">技术合作</span></td>
|
||
<td>航锦科技旗下超擎数智为DeepSeek提供光模块和交换机</td>
|
||
</tr>
|
||
<tr>
|
||
<td class="stock-name">华工科技</td>
|
||
<td>光模块和交换机</td>
|
||
<td><span class="tag tag-primary">技术合作</span></td>
|
||
<td>华工科技子公司武华工科技持有超擎数智11.52%股权，为DeepSeek提供光模块和交换机</td>
|
||
</tr>
|
||
<tr>
|
||
<td class="stock-name">超讯通信</td>
|
||
<td>Deepseek-R1部署</td>
|
||
<td><span class="tag tag-primary">技术合作</span></td>
|
||
<td>超讯通信完成Deepseek-R1 70B部署并支持1.5B,7B,14B,32B蒸馏模型</td>
|
||
</tr>
|
||
<tr>
|
||
<td class="stock-name">昆仑万维</td>
|
||
<td>Q*算法</td>
|
||
<td><span class="tag tag-primary">技术合作</span></td>
|
||
<td>昆仑万维携手新加坡南洋理工大学开发Q*算法，提升DeepSeek-Math-7b准确率至55.4%</td>
|
||
</tr>
|
||
<tr>
|
||
<td class="stock-name">美格智能</td>
|
||
<td>AI模型部署</td>
|
||
<td><span class="tag tag-primary">技术合作</span></td>
|
||
<td>美格智能结合其高算力AI模组矩阵与端侧大模型部署经验，加速开发DeepSeek-R1模型</td>
|
||
</tr>
|
||
<tr>
|
||
<td class="stock-name">每日互动</td>
|
||
<td>智能营销SaaS产品</td>
|
||
<td><span class="tag tag-accent">垂直领域应用/合作</span></td>
|
||
<td>每日互动智能营销SaaS产品结合Agent和行业数据积累，开发垂直场景类大模型应用</td>
|
||
</tr>
|
||
<tr>
|
||
<td class="stock-name">南威软件</td>
|
||
<td>DeepSeek推理机</td>
|
||
<td><span class="tag tag-accent">垂直领域应用/合作</span></td>
|
||
<td>南威软件DeepSeek推理机及智能体平台同步上架华为云商店</td>
|
||
</tr>
|
||
<tr>
|
||
<td class="stock-name">飞利信</td>
|
||
<td>集智AI平台</td>
|
||
<td><span class="tag tag-accent">垂直领域应用/合作</span></td>
|
||
<td>飞利信集智AI平台完成会话、插件、助手等开发工作</td>
|
||
</tr>
|
||
<tr>
|
||
<td class="stock-name">金山办公</td>
|
||
<td>WPS智能写作</td>
|
||
<td><span class="tag tag-accent">垂直领域应用/合作</span></td>
|
||
<td>金山办公WPS智能写作集成DeepSeek-Writer API</td>
|
||
</tr>
|
||
<tr>
|
||
<td class="stock-name">科大讯飞</td>
|
||
<td>教育场景接入</td>
|
||
<td><span class="tag tag-accent">垂直领域应用/合作</span></td>
|
||
<td>科大讯飞教育场景接入DeepSeek-Math模型</td>
|
||
</tr>
|
||
<tr>
|
||
<td class="stock-name">竞业达</td>
|
||
<td>DeepSeek大模型对接</td>
|
||
<td><span class="tag tag-accent">垂直领域应用/合作</span></td>
|
||
<td>竞业达与DeepSeek大模型对接中</td>
|
||
</tr>
|
||
<tr>
|
||
<td class="stock-name">拓尔思</td>
|
||
<td>金融舆情大模型</td>
|
||
<td><span class="tag tag-accent">垂直领域应用/合作</span></td>
|
||
<td>拓尔思与DeepSeek联合开发金融舆情大模型</td>
|
||
</tr>
|
||
<tr>
|
||
<td class="stock-name">安恒信息</td>
|
||
<td>安全智能体</td>
|
||
<td><span class="tag tag-accent">垂直领域应用/合作</span></td>
|
||
<td>安恒信息发布首个"DeepSeek版"安全智能体</td>
|
||
</tr>
|
||
<tr>
|
||
<td class="stock-name">安凯微</td>
|
||
<td>智能录音笔</td>
|
||
<td><span class="tag tag-accent">垂直领域应用/合作</span></td>
|
||
<td>安凯微推出支持多模态大模型的智能录音笔</td>
|
||
</tr>
|
||
<tr>
|
||
<td class="stock-name">万兴科技</td>
|
||
<td>深度求索</td>
|
||
<td><span class="tag tag-accent">垂直领域应用/合作</span></td>
|
||
<td>万兴科技完成深度求索(DeepSeek)最新推理大模型适配</td>
|
||
</tr>
|
||
<tr>
|
||
<td class="stock-name">智信精密</td>
|
||
<td>知识蒸馏技术</td>
|
||
<td><span class="tag tag-primary">知识蒸馏技术</span></td>
|
||
<td>智信精密涉及知识蒸馏技术</td>
|
||
</tr>
|
||
<tr>
|
||
<td class="stock-name">中科通达</td>
|
||
<td>知识蒸馏技术</td>
|
||
<td><span class="tag tag-primary">知识蒸馏技术</span></td>
|
||
<td>中科通达涉及知识蒸馏技术</td>
|
||
</tr>
|
||
<tr>
|
||
<td class="stock-name">恒烁股份</td>
|
||
<td>知识蒸馏技术</td>
|
||
<td><span class="tag tag-primary">知识蒸馏技术</span></td>
|
||
<td>恒烁股份涉及知识蒸馏技术</td>
|
||
</tr>
|
||
<tr>
|
||
<td class="stock-name">智洋创新</td>
|
||
<td>知识蒸馏技术</td>
|
||
<td><span class="tag tag-primary">知识蒸馏技术</span></td>
|
||
<td>智洋创新涉及知识蒸馏技术</td>
|
||
</tr>
|
||
<tr>
|
||
<td class="stock-name">千方科技</td>
|
||
<td>知识蒸馏技术</td>
|
||
<td><span class="tag tag-primary">知识蒸馏技术</span></td>
|
||
<td>千方科技涉及知识蒸馏技术</td>
|
||
</tr>
|
||
<tr>
|
||
<td class="stock-name">拓尔思</td>
|
||
<td>知识蒸馏技术</td>
|
||
<td><span class="tag tag-primary">知识蒸馏技术</span></td>
|
||
<td>拓尔思涉及知识蒸馏技术</td>
|
||
</tr>
|
||
<tr>
|
||
<td class="stock-name">云从科技</td>
|
||
<td>知识蒸馏技术</td>
|
||
<td><span class="tag tag-primary">知识蒸馏技术</span></td>
|
||
<td>云从科技涉及知识蒸馏技术</td>
|
||
</tr>
|
||
</tbody>
|
||
</table>
|
||
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<h5 class="text-white mb-3">DeepSeek与国产算力</h5>
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<p>本页面基于公开信息整理，仅供参考，不构成投资建议。投资有风险，入市需谨慎。</p>
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<p class="mb-0">最后更新：2025年2月</p>
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