---
title: "#外资研报"
topic_id: 45544584582814158
created_at: 2026-06-01T07:46:15.677+0800
source: zsxq
type: topic
cssclasses: zsxq-vault
---

# #外资研报

- 序号：513
- 星球链接：[打开网页](https://wx.zsxq.com/group/15522451881222/topic/45544584582814158)
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## 文档

### Nomura-快手（1024.HK）一季度业绩喜忧参半，二季度指引下调 Kuaishou Technology Mixed 1Q, lower 2Q guidance.pdf

- 状态：skipped_existing
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- 本地资源：[[assets/docs/260601_0746__外资研报__Nomura-快手（1024.HK）一季度业绩喜忧参半，二季度指引下调 Kuaishou Technology Mixed 1Q, lower 2Q guidance.pdf|Nomura-快手（1024.HK）一季度业绩喜忧参半，二季度指引下调 Kuaishou Technology Mixed 1Q, lower 2Q guidance.pdf]]

#### 预览

[[assets/docs/260601_0746__外资研报__Nomura-快手（1024.HK）一季度业绩喜忧参半，二季度指引下调 Kuaishou Technology Mixed 1Q, lower 2Q guidance.pdf|Nomura-快手（1024.HK）一季度业绩喜忧参半，二季度指引下调 Kuaishou Technology Mixed 1Q, lower 2Q guidance.pdf]]

### Nomura-全球AI趋势跟踪——谷歌面向TPUv8tv8i的下一代AI网络，及对AI网络产业链的影响 Global AI Trend Tracker Google’s next-gen AI network for TPUv8t_v8i....pdf

- 状态：skipped_existing
- 错误：
- 本地资源：[[assets/docs/260601_0746__外资研报__Nomura-全球AI趋势跟踪——谷歌面向TPUv8tv8i的下一代AI网络，及对AI网络产业链的影响 Global AI Trend Tracker Google’s next-gen AI network for TPUv8t_v8i....pdf|Nomura-全球AI趋势跟踪——谷歌面向TPUv8tv8i的下一代AI网络，及对AI网络产业链的影响 Global AI Trend Tracker Google’s next-gen AI network for TPUv8t_v8i....pdf]]

#### 预览

[[assets/docs/260601_0746__外资研报__Nomura-全球AI趋势跟踪——谷歌面向TPUv8tv8i的下一代AI网络，及对AI网络产业链的影响 Global AI Trend Tracker Google’s next-gen AI network for TPUv8t_v8i....pdf|Nomura-全球AI趋势跟踪——谷歌面向TPUv8tv8i的下一代AI网络，及对AI网络产业链的影响 Global AI Trend Tracker Google’s next-gen AI network for TPUv8t_v8i....pdf]]

### Nomura-全球AI趋势追踪：AI专家电话会议：SerDes技术趋势及其对AI网络的影响 Global AI Trend Tracker AI expert call #68：SerDes trend and impact on AI networking.pdf

- 状态：skipped_existing
- 错误：
- 本地资源：[[assets/docs/260601_0746__外资研报__Nomura-全球AI趋势追踪：AI专家电话会议：SerDes技术趋势及其对AI网络的影响 Global AI Trend Tracker AI expert call _68：SerDes trend and impact on AI networking.pdf|Nomura-全球AI趋势追踪：AI专家电话会议：SerDes技术趋势及其对AI网络的影响 Global AI Trend Tracker AI expert call #68：SerDes trend and impact on AI networking.pdf]]

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[[assets/docs/260601_0746__外资研报__Nomura-全球AI趋势追踪：AI专家电话会议：SerDes技术趋势及其对AI网络的影响 Global AI Trend Tracker AI expert call _68：SerDes trend and impact on AI networking.pdf|Nomura-全球AI趋势追踪：AI专家电话会议：SerDes技术趋势及其对AI网络的影响 Global AI Trend Tracker AI expert call #68：SerDes trend and impact on AI networking.pdf]]

### Nomura-神马电力（603530）复合绝缘子龙头受益电网上行周期 Shemar Electric Composite insulator leader rides grid upcycle.pdf

- 状态：skipped_existing
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- 本地资源：[[assets/docs/260601_0746__外资研报__Nomura-神马电力（603530）复合绝缘子龙头受益电网上行周期 Shemar Electric Composite insulator leader rides grid upcycle.pdf|Nomura-神马电力（603530）复合绝缘子龙头受益电网上行周期 Shemar Electric Composite insulator leader rides grid upcycle.pdf]]

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[[assets/docs/260601_0746__外资研报__Nomura-神马电力（603530）复合绝缘子龙头受益电网上行周期 Shemar Electric Composite insulator leader rides grid upcycle.pdf|Nomura-神马电力（603530）复合绝缘子龙头受益电网上行周期 Shemar Electric Composite insulator leader rides grid upcycle.pdf]]

### Nomura-世纪互联（VNET.OQ）：2026年一季度业绩回顾VNET Group：2026 年一季度业绩回顾 VNET Group 1Q26 results review.pdf

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- 本地资源：[[assets/docs/260601_0746__外资研报__Nomura-世纪互联（VNET.OQ）：2026年一季度业绩回顾VNET Group：2026 年一季度业绩回顾 VNET Group 1Q26 results review.pdf|Nomura-世纪互联（VNET.OQ）：2026年一季度业绩回顾VNET Group：2026 年一季度业绩回顾 VNET Group 1Q26 results review.pdf]]

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[[assets/docs/260601_0746__外资研报__Nomura-世纪互联（VNET.OQ）：2026年一季度业绩回顾VNET Group：2026 年一季度业绩回顾 VNET Group 1Q26 results review.pdf|Nomura-世纪互联（VNET.OQ）：2026年一季度业绩回顾VNET Group：2026 年一季度业绩回顾 VNET Group 1Q26 results review.pdf]]

### Nomura-信达生物：与辉瑞达成重磅合作，有望缓解投资者近期对地缘政治的担忧 Innovent A big deal with Pfizer that should dispel investors’ recent rising concerns on geopolitics.pdf

- 状态：skipped_existing
- 错误：
- 本地资源：[[assets/docs/260601_0746__外资研报__Nomura-信达生物：与辉瑞达成重磅合作，有望缓解投资者近期对地缘政治的担忧 Innovent A big deal with Pfizer that should dispel investors’ recent rising concerns on geopolitics.pdf|Nomura-信达生物：与辉瑞达成重磅合作，有望缓解投资者近期对地缘政治的担忧 Innovent A big deal with Pfizer that should dispel investors’ recent rising concerns on geopolitics.pdf]]

#### 预览

[[assets/docs/260601_0746__外资研报__Nomura-信达生物：与辉瑞达成重磅合作，有望缓解投资者近期对地缘政治的担忧 Innovent A big deal with Pfizer that should dispel investors’ recent rising concerns on geopolitics.pdf|Nomura-信达生物：与辉瑞达成重磅合作，有望缓解投资者近期对地缘政治的担忧 Innovent A big deal with Pfizer that should dispel investors’ recent rising concerns on geopolitics.pdf]]

### Nomura-金盘科技（688676）AI数据中心需求打开长期成长空间 Jinpan Smart Technology AI data center demand to extend growth runway.pdf

- 状态：skipped_existing
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- 本地资源：[[assets/docs/260601_0746__外资研报__Nomura-金盘科技（688676）AI数据中心需求打开长期成长空间 Jinpan Smart Technology AI data center demand to extend growth runway.pdf|Nomura-金盘科技（688676）AI数据中心需求打开长期成长空间 Jinpan Smart Technology AI data center demand to extend growth runway.pdf]]

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[[assets/docs/260601_0746__外资研报__Nomura-金盘科技（688676）AI数据中心需求打开长期成长空间 Jinpan Smart Technology AI data center demand to extend growth runway.pdf|Nomura-金盘科技（688676）AI数据中心需求打开长期成长空间 Jinpan Smart Technology AI data center demand to extend growth runway.pdf]]

### Nomura-金山软件（3888.HK）游戏业务再遇疲软季度，办公软件部分抵消压力 Kingsoft Another weak quarter on gaming, partially offset by software.pdf

- 状态：skipped_existing
- 错误：
- 本地资源：[[assets/docs/260601_0746__外资研报__Nomura-金山软件（3888.HK）游戏业务再遇疲软季度，办公软件部分抵消压力 Kingsoft Another weak quarter on gaming, partially offset by software.pdf|Nomura-金山软件（3888.HK）游戏业务再遇疲软季度，办公软件部分抵消压力 Kingsoft Another weak quarter on gaming, partially offset by software.pdf]]

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[[assets/docs/260601_0746__外资研报__Nomura-金山软件（3888.HK）游戏业务再遇疲软季度，办公软件部分抵消压力 Kingsoft Another weak quarter on gaming, partially offset by software.pdf|Nomura-金山软件（3888.HK）游戏业务再遇疲软季度，办公软件部分抵消压力 Kingsoft Another weak quarter on gaming, partially offset by software.pdf]]

### Nomura-金山云（3896.HK）收入增长强劲，但毛利率下滑为警示信号 Kingsoft Cloud Strong top-line growth, but GPM decline a warning sign.pdf

- 状态：skipped_existing
- 错误：
- 本地资源：[[assets/docs/260601_0746__外资研报__Nomura-金山云（3896.HK）收入增长强劲，但毛利率下滑为警示信号 Kingsoft Cloud Strong top-line growth, but GPM decline a warning sign.pdf|Nomura-金山云（3896.HK）收入增长强劲，但毛利率下滑为警示信号 Kingsoft Cloud Strong top-line growth, but GPM decline a warning sign.pdf]]

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[[assets/docs/260601_0746__外资研报__Nomura-金山云（3896.HK）收入增长强劲，但毛利率下滑为警示信号 Kingsoft Cloud Strong top-line growth, but GPM decline a warning sign.pdf|Nomura-金山云（3896.HK）收入增长强劲，但毛利率下滑为警示信号 Kingsoft Cloud Strong top-line growth, but GPM decline a warning sign.pdf]]