受AI可能颠覆SaaS的情绪影响，全球资本市场正在剧烈震荡。 2月3日，在美国人工智能初创企业Anthropic发布一款面向企业法务的插件后，一些被面临AI替代风险的SaaS公司股票遭到抛售。 2月4日收盘，港股SaaS概念股中，金蝶国际下跌12.64%，金山软件下跌5.14%，汇量科技下跌5.88%、中国软件国际下跌6.72%，阜博集团下跌5.16%，它们 为目前5家市值超百亿港元的SaaS概念股。 据统计，周二追踪软件、金融数据和交易所股票的两项标普类股指数市值周二合计蒸发了约3000亿美元。 2月4日，这种恐慌从华尔街传导到了香港中环。2月4日收盘，Wind香港SaaS指数下跌6.39%，板块总市值共蒸发近150亿港元。 去年，市场还在为AI赋能SaaS的潜力感到兴奋，但这种情绪在短时间内转为焦虑与担忧：AI是否会颠覆或是直接取代SaaS乃至软件行业。 2月4日，有科技界人士向记者分析称，市场反应可能过度恐慌。SaaS对比AI仍在中小企业市场有着低门槛的优势，预计未来SaaS市场会开始分化。 全球SaaS概念股全线受挫 事实上，本轮软件概念股的抛售从1月14日左右就已开始。Wind数据显示，自1月14日 ...

2月4日晚，国内高性能通用GPU产品企业沐曦股份发布《关于募投项目实施周期及使用部分闲置募集资金进行阶段性现金管理 的公告》。 公告指出，"根据公司首次公开发行并上市相关规划，公司募集资金投资项目拟分三至四年投入"。部分募集资金在项目分阶段 投入前将产生阶段性闲置，为优化资金管理、提升短期财务收益，公司将科学合理地对上限不超过人民币29亿元（含本数）的 闲置募集资金进行阶段性现金管理，提高募集资金使用效率，不影响公司募投项目的正常进行。 沐曦股份表示，本次现金管理将按照相关规定严格控制风险，使用部分闲置募集资金购买安全性高、流动性好、满足保本要 求、期限不超过12个月的现金管理产品，"可按募投项目资金需求随时赎回或支取"。 其中，曦云C600芯片基于自主知识产权核心GPU IP架构，满足生成式AI训练与推理需求。除了性能比肩国际主流产品，核心亮 点在于从0到1实现全流程国产供应链闭环的突破。曦云C600已于2025年7月发布，预计今年Q1进入量产阶段。 据了解，集成电路行业存在高投入、研发周期长等特点，研发与投入天然具有"阶段性支出"的特点：设备采购、研发迭代、流 片验证等环节对应不同的资金使用周期和节点。在 ...

视频丨王学权 2月4日，A股太空光伏概念强势爆发。太空光伏指数（8841929）大涨 5.1%，晶科能源、中来股份（300393）20CM 涨停，拓日 新能（002218）、天合光能、金晶科技（600586）等概念股也大涨。 2连板双良节能：目前尚未开展太空光伏相关的业务 晶科能源2月4日晚间公告称，公司股票于2026年2月2日、2月3日、2月4日连续三个交易日内日收盘价格涨幅偏离值累计超过 30%，属于股票交易异常波动的情形。市场传闻，马斯克团队近期秘密走访了中国多家光伏企业，公司与马斯克考察团接触。 经核实，截至目前，公司未与相关团队开展任何合作，亦未签署任何框架性协议或正式协议，未有在手订单。目前"太空光 伏"尚处技术初步探索阶段，技术路线尚不确定，且尚未有具体落地可行的项目。 另据证券时报，2月4日，对于埃隆·马斯克旗下SpaceX等团队近日到访中国多家光伏企业的传闻，协鑫集团相关负责人当日晚间 回应称，今日马斯克旗下公司团队考察了协鑫集团，该团队对协鑫在美国的颗粒硅与钙钛矿业务布局进行了了解。 受马斯克团队调研消息影响，今日太空光伏概念股全线走强。盘后，A股多家公司就太空光伏相关业务发布公告： 2连 ...

Core Insights - Wuhan aims to become a leading city in the digital economy, with a focus on artificial intelligence and data-driven development by 2028 [1][2] - The city plans to achieve an AI industry scale exceeding 200 billion yuan, with over 1,500 AI-related companies and a data transaction volume of 30 billion yuan [1][2] Group 1: Development Goals and Plans - Wuhan's "14th Five-Year" plan emphasizes the integration of digital and physical economies, aiming to enhance productivity through new production factors and tools [6] - The city will strengthen data governance and management, aiming to create a comprehensive digital resource management system by 2026 [6][7] - The "Action Plan" outlines three main paths and eight tasks to lead in technology, industry, and application sectors [1] Group 2: Industry Growth and Competitiveness - By 2025, Wuhan's core digital economy industry is projected to reach 1.1 trillion yuan, with 3,678 enterprises in the sector [9] - The city will focus on enhancing its core industrial advantages and transitioning from digital empowerment to intelligent driving [9][10] - Key industries include electronic information manufacturing, software development, and intelligent systems, with specific targets for growth and innovation [9][10] Group 3: Application and Scenario Development - AI application scenarios are expanding rapidly in Wuhan, with significant implementations in public safety and urban governance [12][13] - The city aims to create 50 major comprehensive application scenarios by 2028, enhancing various sectors including industry, consumption, and social governance [12][13] - A collaborative mechanism involving government guidance and market participation will be established to promote scenario development [13]

Core Viewpoint - The global capital markets are experiencing significant turbulence due to fears that AI may disrupt the SaaS industry, leading to a sell-off in SaaS stocks following the release of an AI tool by Anthropic aimed at legal services [1][5]. Market Impact - On February 3, the combined market value of two S&P indices tracking software and financial data stocks dropped by approximately $300 billion [1]. - The Hong Kong SaaS index fell by 6.39% on February 4, resulting in a total market value loss of nearly HKD 150 billion [1]. - Major SaaS stocks in Hong Kong, such as Kingdee International and Kingsoft, saw declines of 12.64% and 5.14%, respectively [3][4]. Stock Performance - The performance of major SaaS stocks on February 4 included: - Kingdee International: -12.64% - Kingsoft: -5.14% - Huya Technology: -5.88% - China Software International: -6.72% - Fubo Group: -5.16% [3][4]. - In the U.S., SaaS stocks also faced declines, with the Wind U.S. SaaS index dropping by 4.12% on February 3, including significant losses from Microsoft (-2.87%) and Salesforce (-6.84%) [4][8]. Market Sentiment - The term "SaaSpocalypse" has emerged among traders to describe the current market sentiment regarding SaaS stocks [5]. - Concerns were exacerbated by a question raised at an investor forum about whether "software is dead," further fueling market anxiety [5]. SaaS Business Model Challenges - The SaaS model, which typically involves subscription-based revenue, is facing challenges as AI tools may offer more personalized solutions, potentially undermining the traditional SaaS value proposition [10][11]. - The market is expected to differentiate between traditional SaaS providers and those that integrate AI capabilities, with the latter likely to gain a competitive edge [11][12]. Future Outlook - Deloitte predicts that the SaaS business model may evolve, with a shift towards hybrid pricing models based on usage and outcomes rather than solely on subscriptions [12]. - Gartner forecasts that by 2030, at least 40% of enterprise SaaS spending will transition to usage-based or outcome-based pricing models [12].

长光华芯成立于2012年，2022年4月在科创板上市。 长光华芯1月28日披露的业绩预告显示，预计2025年度实现营业收入4.69亿元，同比增长71.84%；净利润约1877.51万元，与上年 同期相比扭亏为盈。报告期内，公司持续深耕高功率半导体激光领域，凭借技术积累与产品性能优势，进一步拓展了下游应用 市场，推动该系列产品销售收入实现增长，成为公司营收的核心支撑。 据中国基金报，长光华芯招股书显示，华为旗下投资机构哈勃投资在2020年参与了长光华芯的定增，跻身公司前十大股东之 列。2025年8月，长光华芯在投资者互动平台表示，华为哈勃是公司的战略股东，与公司保持着良好的合作关系，坚定看好公司 未来的发展，目前和公司在多个项目上开展技术合作与交流。 截至2月4日收盘，长光华芯报135.2元/股，跌1.39%，总市值为238亿元。 2月4日，《21辟谣》注意到，有投资者在互动平台提问长光华芯：网络平台流传"华为45亿战略注资长光华芯"相关文章，请问 该报道内容是否属实？ 长光华芯对此表示，该文章虚构新闻"华为对公司进行45亿战略注资"，内容毫无任何事实依据，属于虚假信息。目前，该不实 文章误导了国内外合作伙伴， ...

当化石能源的篇章翻向下一页，人类该以怎样的智慧，续写未来的动力之源？ 当地时间2月3日，在世界顶尖科学家峰会（WLS）与世界政府峰会（WGS）首次联合举办的峰会上， 71位顶尖科学家、近40位国家元首和500多位政府部长汇聚阿联酋迪拜，共商人类未来挑战与解法。 宁德时代董事长曾毓群作为本届WLS唯一一位中国企业家代表发表主题演讲，从零碳科技发展与产业 实践角度出发，分享了宁德时代在推动全球能源转型进程中的思考与行动。 人类正经历革命性能源变革 从地下开采的黑色能源，到天地间汲取的绿色动力，一场深刻的能源革命已席卷全球。 曾毓群表示，人类正经历一场革命性的能源变革，从勘探、开采化石能源的时代，迈向在风电场、光伏 电站里获取能源，并将其储存在电池里的新时代。技术的进步已使可持续能源解决方案具备商业可行 性。 在零碳矿山领域，由宁德时代提供支持的"光伏+储能"系统已在智利和刚果民主共和国偏远矿山部署， 其电力成本约为柴油发电机的四分之一。在零碳工业领域，宁德时代的储能解决方案正在为巴基斯坦当 地水泥厂提供可靠电力，配合光伏将用电成本降低了一半。而在美国加州，零碳电力系统初现雏形，规 模化储能已有效缓解高比例可再生能 ...

第三，政策与资金给力。广东设立1500亿"耐心资本"引导基金，其中1000亿投向未来产业，存续期长、 不追求短期回报。同时前瞻布局6G、具身智能、脑机接口等，建平台、推场景，让未来产业从"实验 室"快速走向"生产线"。 我们已经享受了几十年的传统产业红利，未来产业也不是遥不可及的概念，而是正在落地的现实。传统 产业不会消失，只会被未来技术重构；当然未来产业也不是一句口号就能实现的，需要我们一步一个脚 印去培育。 熬过这段新旧交替的日子，下一个增长周期，属于那些敢于布局未来、拥抱变革的人。但愿我们每个 人，都会在这场产业变革中找到自己的位置。 而我们广东作为经济第一大省，优势是实打实的。 第一，产业底盘厚。2025年规上工业营收超19万亿，连续37年GDP全国第一。工业机器人产量占全国 44%，新能源汽车占全国1/4，AI核心产业规模破3000亿、占全国1/4。传统制造+新兴产业的完整生 态，能给未来产业提供最肥沃的转化土壤。 第二，创新能力强。区域创新能力九连冠，122个大模型通过国家备案，430余个行业模型落地，AI专 精特新"小巨人"147家，全国第一。从芯片设计到终端制造，从算法到算力，全链条布局，技术 ...

Core Viewpoint - The recent provincial-level local two sessions emphasize the importance of stabilizing the real estate market as a key task for 2026, focusing on high-quality development and new models for the industry [1][2]. Group 1: Stabilizing the Real Estate Market - Multiple provinces have highlighted the need to "stabilize the real estate market" in their government work reports, proposing specific measures such as controlling supply, reducing inventory, and improving the supply of housing [2]. - Guangdong Province aims to implement city-specific policies to manage supply and demand, enhance the transaction convenience of existing homes, and promote the construction of affordable housing [2]. - Jiangsu Province emphasizes tailored strategies for different regions and groups to stimulate housing demand, alongside reforms in the housing provident fund system [2]. Group 2: Urban Renewal - Urban renewal is a recurring theme in government work reports, with many regions committing to "high-quality urban renewal" through specific tasks like renovating old neighborhoods and upgrading infrastructure [4][5]. - Beijing plans to address safety issues in 507 old buildings and complete renovations in over 300 old neighborhoods, while Shanghai aims to accelerate the transformation of urban villages [4][5]. - The central urban work conference has shifted the focus of urbanization from rapid growth to stable development, making urban renewal a strategic priority for enhancing urban quality [6]. Group 3: Institutional Reforms - Several provinces are set to deepen reforms in the housing provident fund system, with expectations for significant changes in policies related to loan limits and usage [7][8]. - The housing sales system is also expected to undergo gradual reforms, particularly in third and fourth-tier cities with high inventory levels [8]. - The concept of "good housing" has gained traction, with provinces integrating it into broader community development plans, indicating a systematic approach to housing quality [9][10].

Core Viewpoint - The recently released Central Document No. 1 outlines major tasks and key work in the "Three Rural Issues" sector for the year, emphasizing four key tasks and two major support guarantees to promote agricultural modernization and rural revitalization [1][2]. Group 1: Key Tasks - The four key tasks focus on enhancing agricultural production capacity and quality, implementing normalized precise assistance, promoting stable income growth for farmers, and advancing the construction of livable and workable beautiful villages [1][2]. - The document emphasizes the need to maintain national food security, consolidate poverty alleviation achievements, and improve rural industry, construction, and governance levels [1]. Group 2: Support Guarantees - The two major support guarantees include strengthening institutional innovation and enhancing the Party's comprehensive leadership over "Three Rural Issues" work [1]. - The document aims to leverage the Party's leadership as a significant advantage and improve the effectiveness of agricultural support policies through reform and innovation [1]. Group 3: Normalized Precise Assistance - The document introduces normalized precise assistance as a new phase in poverty alleviation, emphasizing the need for dynamic management of assistance recipients to prevent poverty [2][4]. - It outlines four design arrangements for normalized assistance, including dynamic management of assistance recipients, precise and efficient assistance methods, stratified and categorized assistance regions, and maintaining overall stability in assistance policies [4][5]. Group 4: Food Security and Technological Innovation - Food security is highlighted as a critical task, with a focus on maintaining stable grain production and enhancing agricultural production capacity through technological innovation [6][7]. - The document outlines three measures to promote agricultural technology innovation, including strengthening integrated innovation, expanding application scenarios, and facilitating the transformation of technological achievements [7][8]. Group 5: Income Growth Measures - The document proposes a comprehensive set of measures to promote stable income growth for farmers, including stabilizing farming income, developing county-level industries, and supporting employment for migrant workers [9][10]. - Specific measures include utilizing price, subsidy, and insurance policies to protect farmers' income, promoting local economic development, and enhancing employment support for migrant workers [9][10]. Group 6: Land Contracting and Management - The document emphasizes the importance of land contracting, stating that the second round of land contracting will be extended for another 30 years, ensuring stability for most farmers [11]. - It highlights the need for standardized management of land use rights and the importance of protecting the legal rights of both parties involved in land transfers [11].