Market Overview - The market experienced a rebound with all three major indices rising, driven by strong performances in the commercial aerospace sector, oil and gas stocks, and PCB (Printed Circuit Board) sector [1] - Over 3,500 stocks in the Shanghai and Shenzhen markets saw gains, with a total trading volume of 2.72 trillion [1] Aerospace Sector - The aerospace sector saw significant gains, with multiple stocks such as Galaxy Electronics, Giant Lifting, and China First Heavy Industries hitting the daily limit [4][5] - Elon Musk is actively pushing for SpaceX's IPO, aiming for completion by July this year [4][5] - Analysts predict that SpaceX could dominate 99% of the global orbital payload capacity by 2026, reshaping the space economy [6] Oil Services Sector - The oil services sector surged, with stocks like Intercontinental Oil and Renji Holdings reaching their daily limits [7][8] - The International Energy Agency (IEA) raised its forecast for global oil demand growth in 2026 to 930,000 barrels per day, up from a previous estimate of 860,000 barrels per day [7] - The oil services industry is expected to benefit from increased capital expenditure, projected to reach $66.3 billion and $68.3 billion in 2025 and 2026, respectively, with growth rates of 10% and 3.2% [8] PCB Sector - The PCB sector experienced a strong rally, with stocks like Jin'an International and Honghe Technology hitting their daily limits [9][10] - Jin'an Guoji announced a projected net profit of 280 million to 360 million for 2025, representing a year-on-year increase of 655.53% to 871.40% [9] - Due to supply constraints and rising prices of raw materials, Japanese semiconductor material manufacturers are increasing prices of PCB materials by over 30% starting March 1 [9] Robotics Sector - The robotics sector showed active performance, with several stocks experiencing gains [11] Semiconductor Sector - The semiconductor sector faced declines, with stocks like Blue Arrow Electronics dropping nearly 10% [1][11]

苹果公司计划今年重塑Siri，将其转型为公司首款AI聊天机器人。 1月21日，据彭博社援引知情人士透露，苹果计划在6月的全球开发者大会上发布代号为Campos的全新 AI聊天机器人，并于9月正式推出。 新版AI聊天机器人将取代现有界面，用户仍可以通过语音指令"Siri"或按住设备侧键来召唤服务，但功 能将远超当前版本，具备类似ChatGPT或谷歌Gemini的对话式交互能力。 分析认为，该AI聊天机器人将是苹果AI市场翻身计划的核心。苹果2024年推出的Apple Intelligence平台 表现不佳，功能乏善可陈且推出缓慢。 受AI聊天机器人消息刺激，苹果股价一度上涨近2%，随后涨幅收窄。为该项目提供底层技术的谷歌母 公司Alphabet股价则上涨2%。 深度系统集成与功能扩展 据报道，全新AI聊天机器人将成为iOS 27、iPadOS 27（代号Rave）和macOS 27（代号Fizz）的主要新 增功能。 报道援引知情人士透露，苹果内部正将聊天机器人技术作为独立Siri应用进行测试，类似App Store中的 ChatGPT和Gemini，但不计划向用户提供该应用，而是将软件集成到整个操作系统中。 新 ...

大家早上壕！ 先看海外要闻： 特朗普TACO，美股反弹，道指收涨1.21%、纳指收涨1.18%、标普500收涨1.16%；英伟达收涨2.95%、特斯拉收涨2.91%、苹果收涨0.39%、亚马 逊收涨0.13%、Meta收涨1.46%，谷歌A收涨1.98%。 美股存储概念股走强，多只行业龙头集体创下历史新高；闪迪涨超10%，2026年迄今累计涨幅超过111%；英特尔涨近12%、西部数据涨超8%、 美光科技涨超6%。 纳斯达克生物科技指数收涨超2.4%，成分股诺瓦瓦克斯医药收涨20.67%，Ironwood医药、莫德纳Moderna、Vir Biotech、BioNTech、Annexon、 Aura Biosciences涨15.94%-10.26%，Solid Biosciences涨9.61%。 特朗普称，美国正大力发展核能，签署行政命令，批准新建多家核工厂。 马斯克希望在7月前让SpaceX上市。 Meta超级实验室本月已交付首批关键AI模型。 OpenAI据传将于二月初上线ChatGPT广告。 苹果计划下半年将SIRI改造为其首款聊天机器人。 人工智能初创公司Anthropic年化收入突破90亿美元，风 ...

隔夜美股存储公司再度大涨，闪迪、美光、西部数据等行业龙头集体创下历史新高。 存储器大厂美光表示，晶圆厂扩建缓慢，以及客户繁复的认证流程，都让存储器当前短缺局面不太可能 在2028年前得到缓解。 浙商证券表示，AI技术革命正从云端与端侧双向重塑存储需求，驱动行业向高性能、大容量、低功耗 升级，开启超级成长周期，全球存储市场规模预计从2025年2633亿美元增至2029年4071亿美元。 东芯股份：以1xnm NAND/48nm NOR技术突破为核心，加速车规级存储量产，布局Wi-Fi7与GPU芯 片，构建"存-算-联"生态拓展全球供应链。 江波龙：全产业链存储平台领军企业，通过企业级存储突破和自研UFS主控芯片驱动高端化增长。 *免责声明：文章内容仅供参考，不构成投资建议 *风险提示：股市有风险，入市需谨慎 市场结构变革中，服务器成最大应用领域，AI端侧（AI手机、AIPC等）增速领跑，成为未来增长核心 动力。云端侧，大模型训练、数据中心扩张推升DDR5、高容量SSD、HBM等高性能存储需求。 端侧方面，AI手机需更大LPDDR内存与更快UFS闪存支持本地大模型运行（2029年AI渗透率54%）， AIPC对大 ...

Group 1 - The launch of GLM-4.7 has led to a rapid increase in users for GLM Coding Plan, causing temporary strain on computing resources, with users experiencing throttling errors and slower model speeds during peak hours [1] - In 2024, the computing service expenses for the company are projected to be 1.553 billion yuan, accounting for over 70% of R&D expenditures, a trend expected to continue into the first half of 2025 [1] - Major tech companies like Microsoft and Google are optimistic about their capital expenditure guidance for 2026, with a total expected to reach 596.4 billion USD, a 47% year-on-year increase, indicating a sustained rise in AI computing and infrastructure investments [1][2] Group 2 - The PCB industry is entering a new cycle driven by AI, with both demand and prices expected to rise, while cooling technologies for AI GPU racks are increasingly favoring liquid cooling solutions [2] - Companies like Qingyun Technology and Chuangye Heima are collaborating with Zhiyu to provide computing resources and explore new AI service models, leveraging their respective strengths in customer resources and advanced model technologies [3]

Group 1 - The State Grid has experienced a significant increase in electricity demand due to a widespread cold wave, with maximum load reaching 1.168 billion kilowatts, a 12.2% increase from last year's peak of 1.041 billion kilowatts [1] - The State Grid has set a record for winter electricity load eight times this winter, with regions such as North China, Northeast China, and Northwest China achieving historical highs [1] - The State Grid is leveraging its ultra-high voltage grid's resource allocation advantages to ensure stable electricity supply, maintaining a maximum cross-regional power transmission of around 120 million kilowatts [1] Group 2 - First Capital Securities highlights that the State Grid's investment during the 14th Five-Year Plan will focus on building a new power system to support an annual increase of approximately 20 million kilowatts in renewable energy capacity [2] - The expected R&D expenditure of the State Grid during the 14th Five-Year Plan is over 240 billion yuan, with digital technology deeply integrated into all aspects of grid planning, construction, operation, and service [2] - The outlook for the domestic power industry, including ultra-high voltage, high-voltage main networks, distribution networks, smart grid equipment, and energy storage, is expected to continue improving [2] Group 3 - Southern Power Grid focuses on pumped storage, peak regulation hydropower, and the development, investment, construction, and operation of new energy storage businesses [3] - XJ Electric is recognized as a leading international company with capabilities in ultra-high voltage direct current transmission and flexible direct current transmission equipment solutions [3]

Group 1: Industry Insights - OpenAI's first hardware device, an AI audio headset, is expected to achieve a shipment volume of 40 to 50 million units in its first year [1] - The global AI hardware market is projected to reach $301.43 billion by 2026, indicating a significant growth opportunity as OpenAI's entry may shift competition from cloud-based models to edge computing applications [1] - Major tech giants like Apple, Google, and Microsoft are already investing in AI endpoints, while companies like Feishu and DingTalk are entering niche markets through partnerships [1] Group 2: Company Developments - Guoguang Electric is focusing on the AI hardware sector, having achieved mass production in AI speakers, smart screens, and AR/VR devices, with current emphasis on developing AI glasses and headsets [1] - Tianjian Co., Ltd. is allocating its R&D expenses towards upgrading its team and facilities, as well as advancing various new projects including AI glasses, headsets, and smart speakers [1]

明日主题前瞻 1、电力 | 据上证报，寒潮致国家电网负荷承压产业链景气度持续提升本周以来，受大范围寒潮天气影响，全网用电需求持续攀升。1月19日至21日，国家电 网经营区用电负荷连续三天创冬季历史新高，最大负荷达11.68亿千瓦，较去年10.41亿千瓦的极值增长1.27亿千瓦，增幅约12.2%。预计周末随着气温逐步回 暖，用电负荷将稳步回落。 点评：国泰海通认为，此前，央行等八部门发布《关于金融支持加快西部陆海新通道建设的意见》，提出发挥数字人民币支付即结算，低成本，可编程等优 势，研究利用数字人民币智能合约打造创新解决方案，探讨拓展数字人民币在通道支付结算，融资，退税等场景中应用的可行性，将成为扩大人民币跨境使 用的重要抓手，数字人民币有望迎发展新机遇。关注银行IT系统，支付生态以及硬件钱包，金融机具等基础设施配套产业链。 3、CPU | 据IT之家报道，英特尔首席财务官表示，由于数据中心与客户端CPU需求远超预期，公司芯片库存正快速消耗，预计2026年第一季度将面临最大 供应挑战，届时库存可能耗尽。此外，根据KeyBanc的数据，Intel与AMD为应对供需失衡并确保后续供应稳定，计划将服务器CPU价格上 ...

据上证报报道，英特尔首席财务官表示，由于数据中心与客户端CPU需求远超预期，公司芯片库存正快 速消耗，预计2026年第一季度将面临最大供应挑战，届时库存可能耗尽。 芯原股份：公司为芯片定制和半导体IP授权服务企业，已拥有自主可控的图形处理器IP(GPUIP)，神经 网络处理器IP(NPUIP)等。 此外，根据KeyBanc的数据，Intel与AMD为应对供需失衡并确保后续供应稳定，计划将服务器CPU价格 上调10%-15%。 *免责声明：文章内容仅供参考，不构成投资建议 上证报援引研究机构观点称，数据中心服务器CPU需求增加，导致供需关系出现不平衡，从而推动价格 上升。生成式AI浪潮持续演进，AI服务器采购额不断上升，部分挤占了通用服务器的采购预算。同 时，云厂商前期采购的通用服务器，目前已大面积进入更新周期。此外，云厂商正在其数据中心中推进 架构升级，计划淘汰老旧架构的CPU将新一代服务器CPU整合至现有机架体系，因此在数据中心领域出 现了补偿性投资，驱动服务器CPU价格上涨。 *风险提示：股市有风险，入市需谨慎 公司方面，据上证报表示， 国芯科技：公司聚焦于国产自主可控嵌入式CPU技术研发和产业化应用的芯 ...

Group 1: Stock Suspension and Resumption - Han Jian He Shan is planning to acquire a 52.51% stake in Liaoning Xingfu New Materials Co., Ltd., leading to a stock suspension [1] - Zhi Te New Materials may apply for stock suspension again if the stock price continues to rise abnormally in the future [1] Group 2: Share Buyback - Aotai Biology intends to repurchase company shares worth between 100 million to 200 million yuan [2] Group 3: External Investments and Daily Operations - Tengjing Technology has signed a sales order worth 89.15 million yuan for high-end optical devices in the optical communication field [3] - Binhai Energy plans to invest 548 million yuan in the construction of a porous carbon and silicon-carbon anode materials project [3] - Baili Technology intends to establish a holding subsidiary to develop solid-state battery material production systems and other businesses [4] - Hualan Co., Ltd. plans to increase capital by 450 million yuan in its wholly-owned subsidiary Lingqing Smart, which focuses on AI innovative drug R&D solutions and services [5] - Nanmin Group has signed a contract worth 296 million yuan with Inner Mongolia Xijin Mining Co., Ltd. for the supply of main equipment for a crushing and screening project, accounting for 38.08% of the company's audited revenue for 2024 [5] - Hongbaoli's epoxy propylene comprehensive technology transformation project has entered the preparatory stage for trial production [6] Group 4: Performance Changes - Tianfu Communication expects a net profit of 1.881 billion to 2.150 billion yuan in 2025, an increase of 40.00% to 60.00% year-on-year, driven by the rapid development of the AI industry and global data center construction [7] - Huaqin Technology anticipates a net profit of 4 billion to 4.05 billion yuan in 2025, a year-on-year increase of 36.7% to 38.4% [8] - Penghui Energy expects a net profit of 170 million to 230 million yuan in 2025, turning a profit compared to the previous year [9] - Jin'an Guoji expects a net profit of 280 million to 360 million yuan in 2025, a year-on-year increase of 655.53% to 871.40%, attributed to improved market conditions for copper-clad laminates [9] - Demingli anticipates a net profit of 650 million to 800 million yuan in 2025, an increase of 85.42% to 128.21% year-on-year, driven by enhancements in full-link storage solutions and high-end manufacturing capabilities [9] - Dajin Heavy Industry expects a net profit of 1.05 billion to 1.2 billion yuan in 2025, a year-on-year increase of 121.58% to 153.23%, with rapid growth in overseas offshore wind power project deliveries [9]