[
  {
    "stock_code": "688981",
    "company_name": "中芯国际",
    "short_name": "中芯国际",
    "industry": "半导体制造",
    "sector": "芯片",
    "listed_board": "科创板",
    "description": "国内领先的集成电路晶圆代工企业，提供0.35微米到FinFET先进工艺",
    "core_tech_personnel": [
      {"name": "梁孟松", "title": "联合CEO/技术研发负责人", "status": "在职", "importance": "极高"},
      {"name": "周子学", "title": "董事长", "status": "在职", "importance": "高"}
    ],
    "financials": {
      "revenue_2024": 57756000000,
      "net_profit_2024": 3433000000,
      "rd_expense_2024": 5124000000,
      "rd_capitalization_rate": 0.0,
      "rd_revenue_ratio": 0.089,
      "top5_customer_ratio": 0.42,
      "top5_supplier_ratio": 0.55,
      "receivable_turnover": 8.2,
      "cash_flow_ratio": 1.35
    },
    "tech_route": {
      "current_tech": "14nm FinFET 量产, 7nm 研发中",
      "competing_techs": ["EUV 光刻技术 (ASML 垄断)", "GAA 晶体管架构"],
      "tech_moat": "国产替代核心标的，但受制于设备禁运",
      "patent_count": 12000
    },
    "compliance": {
      "algo_filing_status": "不适用",
      "data_export_risk": "低",
      "entity_list_status": "被列入（2020年12月）",
      "sanctions_detail": "被美国商务部列入实体清单，限制EUV光刻设备进口"
    },
    "supply_chain": {
      "key_suppliers": ["ASML（光刻机）", "东京电子（刻蚀设备）", "应用材料（薄膜沉积）"],
      "key_customers": ["高通", "联发科", "华为海思"],
      "supplier_concentration_risk": "极高——核心设备依赖海外供应商"
    }
  },
  {
    "stock_code": "688111",
    "company_name": "金山办公软件股份有限公司",
    "short_name": "金山办公",
    "industry": "办公软件",
    "sector": "软件",
    "listed_board": "科创板",
    "description": "国产办公软件龙头，WPS Office 全球月活超5.9亿",
    "core_tech_personnel": [
      {"name": "章庆元", "title": "CEO", "status": "在职", "importance": "极高"},
      {"name": "姚冬", "title": "CTO/AI研发负责人", "status": "在职", "importance": "高"}
    ],
    "financials": {
      "revenue_2024": 4586000000,
      "net_profit_2024": 1231000000,
      "rd_expense_2024": 1520000000,
      "rd_capitalization_rate": 0.0,
      "rd_revenue_ratio": 0.331,
      "top5_customer_ratio": 0.15,
      "top5_supplier_ratio": 0.30,
      "receivable_turnover": 12.5,
      "cash_flow_ratio": 1.82
    },
    "tech_route": {
      "current_tech": "WPS AI 大模型集成、云文档协同",
      "competing_techs": ["Microsoft 365 Copilot", "Google Workspace Gemini"],
      "tech_moat": "信创替代核心标的，政府及国企客户粘性高",
      "patent_count": 3500
    },
    "compliance": {
      "algo_filing_status": "已备案（WPS AI 写作助手）",
      "data_export_risk": "中（海外版WPS涉及数据跨境）",
      "entity_list_status": "未列入",
      "sanctions_detail": ""
    },
    "supply_chain": {
      "key_suppliers": ["华为云", "阿里云", "英伟达（GPU）"],
      "key_customers": ["各级政府机关", "央企国企", "中小企业"],
      "supplier_concentration_risk": "中——GPU算力依赖进口"
    }
  },
  {
    "stock_code": "688139",
    "company_name": "海尔生物医疗股份有限公司",
    "short_name": "海尔生物",
    "industry": "生物医疗低温存储",
    "sector": "医疗器械",
    "listed_board": "科创板",
    "description": "全球领先的生物医疗低温存储解决方案提供商",
    "core_tech_personnel": [
      {"name": "刘占杰", "title": "董事长/总经理", "status": "在职", "importance": "极高"}
    ],
    "financials": {
      "revenue_2024": 2245000000,
      "net_profit_2024": 398000000,
      "rd_expense_2024": 289000000,
      "rd_capitalization_rate": 0.05,
      "rd_revenue_ratio": 0.129,
      "top5_customer_ratio": 0.22,
      "top5_supplier_ratio": 0.35,
      "receivable_turnover": 6.8,
      "cash_flow_ratio": 1.15
    },
    "tech_route": {
      "current_tech": "超低温冰箱(-196°C)、自动化样本库、物联网疫苗管理",
      "competing_techs": ["赛默飞世尔", "松下医疗"],
      "tech_moat": "国内市场份额第一，物联网技术差异化",
      "patent_count": 800
    },
    "compliance": {
      "algo_filing_status": "不适用",
      "data_export_risk": "低",
      "entity_list_status": "未列入",
      "sanctions_detail": ""
    },
    "supply_chain": {
      "key_suppliers": ["压缩机供应商", "电子元器件供应商"],
      "key_customers": ["各级疾控中心", "医院", "科研院所"],
      "supplier_concentration_risk": "低"
    }
  },
  {
    "stock_code": "688256",
    "company_name": "寒武纪科技股份有限公司",
    "short_name": "寒武纪",
    "industry": "AI芯片",
    "sector": "芯片",
    "listed_board": "科创板",
    "description": "国内AI芯片独角兽，智能计算处理器IP及芯片产品提供商",
    "core_tech_personnel": [
      {"name": "陈天石", "title": "创始人/董事长/CEO", "status": "在职", "importance": "极高"},
      {"name": "陈云霁", "title": "首席科学家（兄长）", "status": "中科院任职,兼职顾问", "importance": "高"}
    ],
    "financials": {
      "revenue_2024": 1170000000,
      "net_profit_2024": -825000000,
      "rd_expense_2024": 1510000000,
      "rd_capitalization_rate": 0.0,
      "rd_revenue_ratio": 1.29,
      "top5_customer_ratio": 0.85,
      "top5_supplier_ratio": 0.70,
      "receivable_turnover": 3.2,
      "cash_flow_ratio": 0.45
    },
    "tech_route": {
      "current_tech": "思元系列AI推理/训练芯片, MLU架构",
      "competing_techs": ["英伟达CUDA生态", "华为昇腾", "AMD Instinct"],
      "tech_moat": "自主IP指令集，但生态建设与英伟达差距大",
      "patent_count": 2800
    },
    "compliance": {
      "algo_filing_status": "不适用（硬件厂商）",
      "data_export_risk": "低",
      "entity_list_status": "被列入（2022年10月）",
      "sanctions_detail": "被美国商务部列入实体清单，限制先进制程芯片代工"
    },
    "supply_chain": {
      "key_suppliers": ["台积电(已受限)", "中芯国际(替代)", "日月光(封测)"],
      "key_customers": ["中国移动", "南京市政府智慧城市项目", "某互联网大厂"],
      "supplier_concentration_risk": "极高——先进制程代工受限"
    }
  },
  {
    "stock_code": "688029",
    "company_name": "南微医学科技股份有限公司",
    "short_name": "南微医学",
    "industry": "微创医疗器械",
    "sector": "医疗器械",
    "listed_board": "科创板",
    "description": "全球领先的微创诊疗器械企业，内镜下诊疗器械龙头",
    "core_tech_personnel": [
      {"name": "隆晓辉", "title": "创始人/董事长", "status": "在职", "importance": "极高"},
      {"name": "冷德嵘", "title": "总经理", "status": "在职", "importance": "高"}
    ],
    "financials": {
      "revenue_2024": 2580000000,
      "net_profit_2024": 628000000,
      "rd_expense_2024": 365000000,
      "rd_capitalization_rate": 0.12,
      "rd_revenue_ratio": 0.141,
      "top5_customer_ratio": 0.18,
      "top5_supplier_ratio": 0.32,
      "receivable_turnover": 7.5,
      "cash_flow_ratio": 1.42
    },
    "tech_route": {
      "current_tech": "一次性内镜、电外科手术器械、AI辅助诊断",
      "competing_techs": ["波士顿科学", "奥林巴斯", "库克医疗"],
      "tech_moat": "国产微创器械龙头，海外收入占比超40%",
      "patent_count": 1200
    },
    "compliance": {
      "algo_filing_status": "不适用",
      "data_export_risk": "低",
      "entity_list_status": "未列入",
      "sanctions_detail": ""
    },
    "supply_chain": {
      "key_suppliers": ["不锈钢/钛合金供应商", "精密注塑件供应商"],
      "key_customers": ["全球三甲医院", "海外经销商网络"],
      "supplier_concentration_risk": "低"
    }
  },
  {
    "stock_code": "688126",
    "company_name": "沪硅产业集团股份有限公司",
    "short_name": "沪硅产业",
    "industry": "半导体硅片",
    "sector": "芯片",
    "listed_board": "科创板",
    "description": "国内规模最大的半导体硅片制造企业，300mm大硅片龙头",
    "core_tech_personnel": [
      {"name": "林林", "title": "总裁", "status": "在职", "importance": "极高"}
    ],
    "financials": {
      "revenue_2024": 3285000000,
      "net_profit_2024": -156000000,
      "rd_expense_2024": 498000000,
      "rd_capitalization_rate": 0.35,
      "rd_revenue_ratio": 0.152,
      "top5_customer_ratio": 0.62,
      "top5_supplier_ratio": 0.48,
      "receivable_turnover": 5.1,
      "cash_flow_ratio": 0.78
    },
    "tech_route": {
      "current_tech": "300mm半导体硅片(12英寸)量产",
      "competing_techs": ["日本信越化学", "日本SUMCO", "韩国SK Siltron"],
      "tech_moat": "国产替代第一梯队，但高端产品仍有差距",
      "patent_count": 650
    },
    "compliance": {
      "algo_filing_status": "不适用",
      "data_export_risk": "低",
      "entity_list_status": "未列入",
      "sanctions_detail": ""
    },
    "supply_chain": {
      "key_suppliers": ["多晶硅供应商", "石英坩埚供应商"],
      "key_customers": ["中芯国际", "华虹半导体", "长江存储"],
      "supplier_concentration_risk": "中"
    }
  },
  {
    "stock_code": "688223",
    "company_name": "晶科能源股份有限公司",
    "short_name": "晶科能源",
    "industry": "光伏组件",
    "sector": "新能源",
    "listed_board": "科创板",
    "description": "全球领先的光伏组件制造商，N型TOPCon技术全球领先",
    "core_tech_personnel": [
      {"name": "李仙德", "title": "创始人/董事长", "status": "在职", "importance": "极高"},
      {"name": "金浩", "title": "首席科学家", "status": "在职", "importance": "高"}
    ],
    "financials": {
      "revenue_2024": 84300000000,
      "net_profit_2024": 1050000000,
      "rd_expense_2024": 4890000000,
      "rd_capitalization_rate": 0.08,
      "rd_revenue_ratio": 0.058,
      "top5_customer_ratio": 0.25,
      "top5_supplier_ratio": 0.40,
      "receivable_turnover": 6.2,
      "cash_flow_ratio": 0.92
    },
    "tech_route": {
      "current_tech": "N型TOPCon高效电池, 钙钛矿叠层研发",
      "competing_techs": ["隆基HJT路线", "钙钛矿技术", "IBC电池"],
      "tech_moat": "TOPCon量产规模全球第一，但面临技术路线之争",
      "patent_count": 2200
    },
    "compliance": {
      "algo_filing_status": "不适用",
      "data_export_risk": "低",
      "entity_list_status": "未列入（但面临美国反倾销关税）",
      "sanctions_detail": "面临美国、欧盟反倾销/反补贴调查"
    },
    "supply_chain": {
      "key_suppliers": ["硅料供应商（通威/大全）", "银浆供应商", "EVA胶膜供应商"],
      "key_customers": ["全球EPC总包商", "欧美分布式市场", "中东/非洲新兴市场"],
      "supplier_concentration_risk": "中——硅料价格波动大"
    }
  },
  {
    "stock_code": "688036",
    "company_name": "传音控股股份有限公司",
    "short_name": "传音控股",
    "industry": "智能终端",
    "sector": "消费电子",
    "listed_board": "科创板",
    "description": "非洲市场手机销量第一，旗下TECNO/Infinix/itel品牌",
    "core_tech_personnel": [
      {"name": "竺兆江", "title": "创始人/董事长", "status": "在职", "importance": "极高"}
    ],
    "financials": {
      "revenue_2024": 65800000000,
      "net_profit_2024": 5620000000,
      "rd_expense_2024": 3250000000,
      "rd_capitalization_rate": 0.0,
      "rd_revenue_ratio": 0.049,
      "top5_customer_ratio": 0.32,
      "top5_supplier_ratio": 0.58,
      "receivable_turnover": 9.8,
      "cash_flow_ratio": 1.25
    },
    "tech_route": {
      "current_tech": "深肤色相机算法, AI翻译, 本地化OS",
      "competing_techs": ["三星", "小米", "OPPO"],
      "tech_moat": "新兴市场本地化经验深厚",
      "patent_count": 4500
    },
    "compliance": {
      "algo_filing_status": "已备案（AI相机美颜算法）",
      "data_export_risk": "高（大量非洲/东南亚用户数据跨境）",
      "entity_list_status": "未列入",
      "sanctions_detail": ""
    },
    "supply_chain": {
      "key_suppliers": ["联发科（芯片）", "三星SDI/ATL（电池）", "京东方（屏幕）"],
      "key_customers": ["非洲运营商", "东南亚分销商", "拉美零售商"],
      "supplier_concentration_risk": "中——芯片依赖联发科"
    }
  },
  {
    "stock_code": "688005",
    "company_name": "容百科技股份有限公司",
    "short_name": "容百科技",
    "industry": "锂电正极材料",
    "sector": "新能源",
    "listed_board": "科创板",
    "description": "全球领先的锂电池正极材料供应商，高镍三元材料龙头",
    "core_tech_personnel": [
      {"name": "白厚善", "title": "创始人/董事长", "status": "在职", "importance": "极高"}
    ],
    "financials": {
      "revenue_2024": 18900000000,
      "net_profit_2024": 356000000,
      "rd_expense_2024": 785000000,
      "rd_capitalization_rate": 0.18,
      "rd_revenue_ratio": 0.042,
      "top5_customer_ratio": 0.78,
      "top5_supplier_ratio": 0.65,
      "receivable_turnover": 4.5,
      "cash_flow_ratio": 0.68
    },
    "tech_route": {
      "current_tech": "超高镍三元正极材料(Ni>90%), 固态电池正极",
      "competing_techs": ["磷酸铁锂(比亚迪路线)", "钠离子电池", "固态电解质"],
      "tech_moat": "高镍三元出货量全球前三",
      "patent_count": 450
    },
    "compliance": {
      "algo_filing_status": "不适用",
      "data_export_risk": "低",
      "entity_list_status": "未列入",
      "sanctions_detail": ""
    },
    "supply_chain": {
      "key_suppliers": ["格林美（镍钴原料）", "华友钴业"],
      "key_customers": ["宁德时代", "三星SDI", "SK On"],
      "supplier_concentration_risk": "高——原材料价格波动大"
    }
  },
  {
    "stock_code": "688787",
    "company_name": "海天瑞声科技股份有限公司",
    "short_name": "海天瑞声",
    "industry": "AI训练数据",
    "sector": "AI",
    "listed_board": "科创板",
    "description": "国内领先的AI训练数据解决方案提供商",
    "core_tech_personnel": [
      {"name": "贺琳", "title": "创始人/董事长", "status": "在职", "importance": "极高"},
      {"name": "郭蕾", "title": "副总经理/技术负责人", "status": "离职（2024年8月）", "importance": "高"}
    ],
    "financials": {
      "revenue_2024": 356000000,
      "net_profit_2024": -48000000,
      "rd_expense_2024": 102000000,
      "rd_capitalization_rate": 0.42,
      "rd_revenue_ratio": 0.287,
      "top5_customer_ratio": 0.88,
      "top5_supplier_ratio": 0.35,
      "receivable_turnover": 2.8,
      "cash_flow_ratio": 0.35
    },
    "tech_route": {
      "current_tech": "多语种语音数据集, 自动驾驶标注数据, AIGC合成数据",
      "competing_techs": ["Scale AI", "Appen", "AI合成数据替代人工标注"],
      "tech_moat": "多语种覆盖广泛，但面临AIGC合成数据的颠覆性威胁",
      "patent_count": 180
    },
    "compliance": {
      "algo_filing_status": "已备案（智能标注平台算法）",
      "data_export_risk": "高（大量跨境数据采集与交付）",
      "entity_list_status": "未列入",
      "sanctions_detail": ""
    },
    "supply_chain": {
      "key_suppliers": ["全球数据采集众包网络"],
      "key_customers": ["字节跳动", "百度", "某大型车企"],
      "supplier_concentration_risk": "中"
    }
  }
]