港股芯片股延续涨势，天数智芯午后涨幅扩大至25%，壁仞科技涨近10%， 兆易创新涨超8%，天域 半 导体、上海复旦涨超5%。 ...

Group 1 - The core point of the article is that Zhongyuan Bank Co., Ltd. has applied for a patent related to a method for configuring business application conditions, which aims to enhance the flexibility in determining whether the information of a target object meets business application requirements [1]. Group 2 - Zhongyuan Bank Co., Ltd. was established in 2014 and is located in Zhengzhou, primarily engaged in monetary financial services. The company has a registered capital of 2,007,500,000 RMB [2]. - The bank has made investments in 16 enterprises and participated in 4,029 bidding projects. It holds 384 trademark information records and 61 patent information records, along with 132 administrative licenses [2].

Core Viewpoint - The liquid cooling server sector has seen a significant surge, driven by strong performance from leading companies and increasing demand for AI computing power [3][4]. Industry Background - The rising demand for AI computing power is accelerating the evolution of data center cooling technologies. Traditional air cooling is becoming inadequate due to the increasing power consumption of high-performance chips, with single card thermal design power (TDP) often exceeding 700W, and some surpassing 1000W. Liquid cooling is emerging as the mainstream choice due to its higher thermal conductivity, lower energy consumption, and better space utilization [4]. - Major global players are fully transitioning to liquid cooling solutions, with companies like NVIDIA and Google adopting these technologies in their latest server models, indicating a shift from pilot projects to large-scale implementation [4]. - The complexity of liquid cooling systems requires high delivery capabilities, production stability, and global responsiveness from suppliers, as it involves fluid design, sealing, material compatibility, and system integration [4]. Company Insights - Shunling Environment has projected a net profit of 205 million to 246 million yuan for the fiscal year 2025, representing a year-on-year growth of 77.39% to 112.87%. This growth is attributed to the accelerated construction of data centers and significant order increases from deepening collaborations with major clients and expanding overseas markets [4]. - Goldman Sachs forecasts that the global AI server cooling market will grow by 111%, 77%, and 26% from 2025 to 2027, with the liquid cooling market expected to expand from $1.2 billion in 2024 to $15.2 billion by 2027 [4].

Core Insights - The Assistant Governor of the Reserve Bank of Australia, Hunt, emphasized the need to assess the extent to which the recent rise in inflation is temporary [1] - It is anticipated that the labor market will remain tight, with inflation rates expected to stay above target levels for some time [1] - The economic and labor market capacity pressures will be closely monitored [1]

Group 1 - Kakao announced a partnership with Google to develop AI glasses user experience based on Android XR and Android mobile experience [1] - The collaboration aims to integrate the latest AI technologies into the product [1]

近日，国家医保局印发一般治疗类和药学类两批 医疗服务价格项目立项指南。一般治疗类立项指南主 要采取现有项目平移方式，规范整合部分颗粒度过细的价格项目，确保顺畅衔接。综合儿童患者治疗服 务操作难度和风险较大等因素，立项指南在注射、置管、洗胃等部分价格项目中设立儿童加收项，激励 医疗机构优化儿童患者诊疗服务质量。药学类立项指南根据应用场景，将患者需求明确、服务内容具 体、技术路线清晰的药学类服务事项转化为价格项目，设立药学诊查、集中配置、浓度测定、 中药药 学服务等4类10项价格项目。其中，统一设立门诊诊查费，鼓励符合资质的药师通过门诊出诊，为患者 提供科学合理用药指导；新设居家药学服务费，药师上门为患者提供用药评估指导等服务，可通过"上 门服务费+居家药学服务费"的方式据实收费，促进药学服务向居家患者延伸，更好满足老年人和行动 不便患者用药需求。 ...

Core Viewpoint - The announcement of new AI models by companies such as DeepSeek, MiniMax, and others has led to a surge in interest and investment in AI large model stocks, with significant price increases observed in the Hong Kong market [1] Group 1: Company Updates - DeepSeek has updated its model, now supporting a context length of up to 1 million tokens, an increase from the previous version which supported 128,000 tokens [1] - MiniMax is set to officially launch its M2.5 model, which is currently undergoing internal testing in its overseas MiniMax Agent product [1] - XunCe Technology focuses on real-time data infrastructure and analysis solutions, building a millisecond-level AI Data Agent platform to drive real-time data analysis and efficient decision-making across various industries [1] Group 2: Market Response - AI large model concept stocks have collectively attracted significant investment, with both Zhipu and MiniMax reaching new highs in the Hong Kong stock market [1] - XunCe Technology's stock price has also reached a new high in the Hong Kong market, reflecting strong market confidence in its full-stack capabilities in data computation and intelligent systems [1]

2月12日，即梦AI正式接入最新视频生成模型Seedance 2.0与图片生成模型Seedream 5.0 Lite。 ...

Core Viewpoint - The Indian stock market is expected to end a four-day rally due to a significant decline in information technology stocks, with the NSE Nifty IT index dropping 4.6%, marking its lowest level since October 1 [1] Market Performance - The NSE Nifty 50 index fell by 0.4%, closing at 25,866.70 points [1] - The BSE Sensex index decreased by 0.5%, ending at 83,846.25 points [1] - Among the 50 constituents of the Nifty 50 index, 18 stocks rose while 32 stocks declined [1] Company Impact - Infosys was the largest contributor to the index decline, with its stock price dropping by 4.5% [1]

Core Insights - The report indicates that Vale has reclaimed the top position in iron ore production for the first time in seven years, with a production of 336 million tons in 2025, marking a 2.56% increase compared to the previous year [1] Group 1: Company Performance - Rio Tinto's iron ore production from the Pilbara region reached 327 million tons in 2025, reflecting a slight decline of 0.21% year-on-year [1] - BHP's iron ore production amounted to 292 million tons, showing a modest increase of 0.8% compared to the previous year [1] - Fortescue Metals Group processed 203 million tons of iron ore, achieving a year-on-year growth of 5.41% [1]