本文源自：金融界AI电报 网易-S跌3.590%，海底捞跌3.603%，携程集团-S跌3.989%，美团-W跌4.502%，联想集团跌4.666%，金 蝶国际跌4.979%，百威亚太跌5.569%。 ...

Market Overview - The Hong Kong stock market experienced a decline, with the Hang Seng Index falling by 0.86% to 27,032.54 points, the Hang Seng Tech Index down 1.65% to 5,408.98 points, and the National Enterprises Index decreasing by 1% to 9,175.18 points [1] - Major technology stocks saw a collective drop, including Alibaba down 0.94%, Tencent down 2.28%, and Meituan down 4.5% [1] Sector Performance - Semiconductor stocks surged, with Zhaoyi Innovation rising over 20% and Wallen Technology increasing nearly 10% [1] - AI application stocks saw significant gains, particularly Zhiyuan, which spiked over 41% after the release of its new model GLM-5 [2] - Defensive sectors performed well, with Jiaxin International Resources rising over 4% and achieving a new listing high, while rare earth prices supported the performance of Jinli Permanent Magnet, which rose over 4% [3] Individual Stock Movements - Bole Electric experienced a dramatic increase of over 130%, driven by demand growth in the data center sector [5] - Tigermed Pharmaceutical's stock fell nearly 5% despite a projected net profit increase of 105% for 2025, as its core CRO business showed a decline [5] Analyst Insights - Analysts from CICC noted that the recent market pullback is due to a combination of factors including hawkish Fed expectations and concerns over AI capital expenditure returns [6] - Dongwu Securities suggested a defensive strategy due to reduced trading volume and heightened market caution [6] - Analysts from Guangfa Securities indicated that the Hong Kong market may see a temporary rise following the Lunar New Year, but warned of potential risks post-holiday [6]

本文源自：金融界AI电报 梅赛德斯-奔驰股价在财报公布后下跌5.3%。 ...

天眼查显示，近日，亚信精密科技（惠州）有限公司成立，法定代表人为刘辉，注册资本1000万港元， 由亚信科技实业（香港）有限公司全资持股。 企业名称亚信精密科技（惠州）有限公司法定代表人刘辉注册资本1000万港元国标行业制造业>专用设 备制造业>电子和电工机械专用设备制造地址博罗县园洲镇沥西经济联合社振兴大道"基围笃"企业类型 有限责任公司(港澳台法人独资)营业期限2026-2-11至无固定期限登记机关博罗县市场监督管理局 本文源自：市场资讯 作者：情报员 序号股东名称持股比例1亚信科技实业（香港）有限公司100% 经营范围含技术服务、技术开发、技术咨询、技术交流、技术转让、技术推广；五金产品研发；五金产 品制造；五金产品零售；塑料制品制造；塑料制品销售；橡胶制品制造；橡胶制品销售；模具制造；模 具销售；电子元器件制造；电子元器件批发；电子元器件零售；电力电子元器件制造；电力电子元器件 销售；互联网销售（除销售需要许可的商品）；机械设备销售；机械设备研发；通用设备制造（不含特 种设备制造）；专用设备制造（不含许可类专业设备制造）；国内贸易代理；技术进出口；货物进出 口。（除依法须经批准的项目外，凭营业执照依法自 ...

京东外卖宣布扶持餐饮商家的"双百计划"取得阶段性进展：正式启动半年来，已有近400个餐饮品牌在 京东外卖订单量突破百万，这一规模较半年前翻倍增长。此外，京东外卖宣布"双百计划"迎来扶持举措 升级，通过流量扶持、爆品运营、营销玩法三大升级，2026年将助力更多品质好商家做好生意。 ...

Core Viewpoint - The company has agreed to transfer its 14.5455% stake in China New Transportation through a public listing, optimizing resource allocation by divesting a non-core asset [1] Group 1: Transaction Details - The stake transfer was approved on October 29, 2025, and the public listing commenced on November 20, 2025 [1] - The transaction was completed with Shengxin Investment as the buyer, and a contract was signed through the Xinjiang Property Rights Exchange [1] - The transfer price was set at 8.8238 million yuan, with Shengxin Investment having paid a deposit of 3.49 million yuan that can be deducted from the total [1] Group 2: Implications of the Transaction - The transaction does not constitute a related party transaction or a major asset restructuring [1] - Post-transaction, the company will no longer hold any equity in China New Transportation, indicating a strategic shift in asset management [1]

Core Viewpoint - The report from Huachuang Securities indicates that Xiechuang Data is expected to see significant growth in its 2025 performance, driven by the rapid development of its intelligent computing business [1] Group 1: Business Focus and Growth - The company continues to focus on "intelligent computing + data storage + server remanufacturing + AIoT smart terminals," which is accelerating the delivery of key products and projects, leading to rapid revenue growth [1] - The server procurement amount for 2025 is projected to exceed 20 billion yuan, indicating a strong upward trajectory for the intelligent computing business [1] Group 2: Financial Projections - The company has deepened its enterprise-level storage layout and established supply cooperation with multiple original manufacturers [1] - Based on the market conditions for storage and computing leasing, the company's computing leasing and enterprise-level storage business is expected to drive significant performance growth, with adjusted net profit forecasts of 1.182 billion, 2.532 billion, and 4.054 billion yuan for 2023, 2024, and 2025 respectively [1] Group 3: Valuation and Rating - The report assigns price-to-earnings (PE) ratios of 65x for the storage business, 39x for the computing leasing business, and 23x for the IoT business for 2026, with a target price of 299.88 yuan, maintaining a "strong buy" rating [1]

2月12日，智谱官方宣布上线并开源 GLM-5。据介绍，GLM-5 在全球权威的 Artificial Analysis 榜单 中，位居全球第四、开源第一，号称"从代码到工程，迈向 Agentic Engineering 时代"，从国内一众模型 之中，以一匹黑马的姿态强势杀出。 智谱官方表示，GLM-5 实现了从代码到工程的跨越：从单纯的 Vibe Coding，进化为具备系统性思维的 Agentic Engineering。它能够更深入地理解工程逻辑，应对复杂的开发场景。GLM-5 在编程能力和 Agent 的多项主流基准测试中取得开源模型 SOTA 分数。在 SWE-bench-Verified 和 Terminal Bench 2.0 中分别获得 77.8 和 56.2 的开源模型 SOTA 分数，性能超过Gemini 3 Pro。 在发布新模型和提价双重刺激下，智谱今日再次大涨超40%，四天内股价轻松翻倍！ 2月12日，智谱大幅高开7%之后，继续疯狂暴涨，早盘轻松突破400元大关，午后一度大涨超过40%， 最高报443港元/股，总市值突破4900亿港元。值得注意的是，从2月9日开始，智谱突然开始暴涨， ...

本文源自：金融界AI电报 爱马仕2月12日公布业绩显示，集团2025年合并收入160亿欧元，按固定汇率计算同比增长9%，按当前 汇率计算增长5.5%。经常性营业利润66亿欧元，增长7%。净利润45亿欧元，增长5.5%，增速与销售额 持平。第四季度销售额41亿欧元，按固定汇率计算增长10%，与上一季度持平。 ...

Core Insights - Alibaba's Gaode has launched two foundational models, ABot-M0 and ABot-N0, enhancing the capabilities of embodied robots in operation and navigation, achieving state-of-the-art (SOTA) performance in both areas [1][9] Group 1: ABot-M0 Overview - ABot-M0 is the world's first unified architecture for a robotic foundational model, providing a "general brain" for robots [2] - The model addresses challenges in robotic technology by restructuring data, algorithms, and spatial perception to improve generalization across diverse robot forms and tasks [5] - It integrates over 6 million real operation trajectories to create the largest general robotic dataset, enabling cross-platform data fusion and pre-training based on public data [5] - The model introduces Action Manifold Learning (AML) to predict physically feasible action sequences, enhancing stability and decoding efficiency [5] - In benchmark tests like Libero and Libero-Plus, ABot-M0 achieved an average task success rate of 80.5%, nearly 30% higher than the previous leading solution [5][7] Group 2: ABot-N0 Overview - ABot-N0 is the first all-stack navigation foundational model that integrates five major navigation tasks: Point-Goal, Object-Goal, Instruction-Following, POI-Goal, and Person-Following [9][10] - This model overcomes fragmentation in existing navigation research, allowing for better task generalization and execution of complex commands [9] - ABot-N0 employs a hierarchical "brain-action" design, utilizing cognitive training and reinforcement learning to align navigation decisions with human preferences [12] - It leverages a vast navigation data engine with approximately 8,000 high-fidelity 3D scenes and nearly 17 million expert examples, enhancing robustness in real environments [12] - The model set new world records in seven authoritative benchmark tests, with a 40.5% increase in success rate in SocNav simulations and an 8.8% increase in HM3D-OVON evaluations [12][14]