9月1日港股通成交活跃股 | 代码 | 简称 | 类型 | 成交金额（万港元） | 成交净买入（万港元） | 日涨跌幅（%） | | --- | --- | --- | --- | --- | --- | | 09988 | 阿里巴巴-W | 港股通(沪) | 1603349.57 | 85129.33 | 18.50 | | 09988 | 阿里巴巴-W | 港股通(深) | 1227016.00 | 406945.77 | 18.50 | | 00981 | 中芯国际 | 港股通(沪) | 633581.76 | 63226.58 | 4.86 | | 00981 | 中芯国际 | 港股通(深) | 427089.00 | -53256.20 | 4.86 | | 01347 | 华虹半导体 | 港股通(沪) | 404188.12 | 32742.12 | -3.16 | | 03690 | 美团-W | 港股通(沪) | 358154.22 | -47309.30 | 0.29 | | 02228 | 晶泰控股 | 港股通(沪) | 289928.75 | -8104.37 | -3.10 | | 0 ...

Group 1 - The Hang Seng Index rose by 2.15% on September 1, with southbound trading totaling HKD 200.59 billion, including HKD 106.27 billion in buying and HKD 94.32 billion in selling, resulting in a net buying amount of HKD 11.94 billion [1] - The southbound trading through the Shenzhen Stock Connect had a total trading amount of HKD 81.96 billion, with net buying of HKD 6.28 billion, while the Shanghai Stock Connect had a total trading amount of HKD 118.63 billion, with net buying of HKD 5.66 billion [1] - Alibaba-W was the most actively traded stock with a total trading amount of HKD 28.30 billion and a net buying amount of HKD 4.92 billion, closing with an increase of 18.50% [1][2] Group 2 - Among the stocks listed, Alibaba-W, Tencent Holdings, and Huahong Semiconductor were among the top active stocks in both Shenzhen and Shanghai southbound trading, with Alibaba-W having a net buying amount of HKD 4.92 billion and Tencent Holdings at HKD 0.12 billion [2] - There were two stocks that received net buying from southbound funds for more than three consecutive days, with Alibaba-W leading at a total net buying of HKD 10.90 billion over seven days, followed by Huahong Semiconductor with HKD 1.09 billion over five days [2] - The trading data for September 1 shows that Xiaomi Group-W had a total trading amount of HKD 51.01 billion with a net selling of HKD 1.03 billion, while Pop Mart had a total trading amount of HKD 33.93 billion with a net selling of HKD 0.91 billion [2]

| 公司名称 | 成交金额 | 净买入额 | | --- | --- | --- | | 阿里巴巴-W(09988) | 160.33 亿元 | +8.51 亿元 | | 中芯国际(00981) | 63.36 亿元 | +6.32 亿元 | | 华虹半导体(01347) | 40.42 亿元 | +3.27 亿元 | | 美团-W(03690) | 35.82 亿元 | -4.73 亿元 | | 晶泰控股(02228) | 28.99 亿元 | -8104.37 万元 | | 腾讯控股(00700) | 28.35 亿元 | +5.88 亿元 | | 小米集团-W(01810) | 26.03 亿元 | -8.40 亿元 | | 泡泡玛特(09992) | 17.24 亿元 | -1.90 亿元 | | 比亚迪股份(01211) | 16.30 亿元 | +8.09 亿元 | | 美图公司(01357) | 16.17 亿元 | +4.57 亿元 | 深港通（南向）十大活跃成交公司 | 公司名称 | 成交金额 | 净买入额 | | --- | --- | --- | | 阿里巴巴-W(09988) | 12 ...

值得一提的是，美图公司有5款产品入选全球移动应用Top50榜单，除了第9名的美图秀秀（Meitu）外，还有第17名的Wink、第32名的BeautyPlus、第34 名的美颜相机（BeautyCam）和第49名的Airbrush。 在移动应用Top50榜单中，来自中国企业的产品在前10名中拿到4个席位，分别是第4名豆包、第7名百度AI，第8名DeepSeek，第9名美图秀秀。 近日，科技投资公司a16z发布《Top100消费级生成式AI应用》榜单，来自中国的科技公司贡献多款上榜产品，主打AI应用的美图公司有5款产品上榜。 | | | | The Top 50 Gen AI Mobile App | | | | --- | --- | --- | --- | --- | --- | | 1. | ChatGPT | 11. | FaceApp | 21. | Photoroom | | ਪ | Gemini | 12. | + B617 | 22. | YouCut | | 3. | Al Gallery | 13. | : B Facemoji | 23. | 1 Grok | | 4. | Doubao | ...

美图公司也在近期宣布了其AI画质修复技术的多项升级。这些升级覆盖了图像、视频及多个垂直场景，进一步提升了影像的还原效果与处理效率。目 前，这些先进技术已广泛应用于美图旗下的各类产品中，为用户带来了更加优质的体验。 近期，我国在5G网络建设方面取得了显著成就。据最新数据显示，截至今年7月底，全国范围内已建成5G基站高达459.8万个，千兆网络能力端口亦突破 3053万个，实现了"县县通千兆、乡乡通5G"的宏伟目标。这一里程碑式的进展标志着我国数字基础设施建设迈上了新台阶。 不仅如此，5G技术在行业应用方面也展现出强劲动力。截至目前，我国已部署近6.5万个5G行业虚拟专网，推出了超过百款的5G工业网关、路由器等设 备。同时，我国在5G标准必要专利方面的声明量占全球总量的42%，且在5G-A、6G等前沿技术的研发与国际标准制定上均处于全球领先地位。 在资本市场，近期寒武纪的股价表现尤为抢眼。8月27日，寒武纪股价盘中一度飙升近10%，甚至短暂超越了贵州茅台，成为A股市场的新"股王"。本月以 来，寒武纪股价涨幅已超过100%，年内累计涨幅更是惊人地达到了2500%以上，总市值突破6000亿元大关。 在企业服务领域，飞 ...

Market Overview - A-shares experienced a volatile rise, with major indices such as the Shenzhen Component Index, ChiNext Index, and CSI 300 reaching multi-year highs, while the Shanghai Composite Index and other indices showed slight gains [1] - The market turnover decreased to 2.83 trillion yuan, indicating a slight contraction in trading activity [1] Sector Performance - The defense and military, new energy vehicles, rare metals, and consumer electronics sectors saw significant gains, while logistics, semiconductors, cloud services, and education sectors faced declines [1] - The power equipment industry attracted over 14.7 billion yuan in net inflows, with non-ferrous metals and pharmaceutical sectors also receiving over 8 billion yuan each [1] Investment Trends - The computer sector experienced a net outflow of over 10.8 billion yuan, while the electronics sector saw a net outflow of over 7.3 billion yuan [1] - Real estate and telecommunications sectors also faced net outflows exceeding 2 billion yuan [1] Defense and Military Sector - The defense and military concept saw a resurgence, with the ground equipment sector leading the gains, and the index rising from 2% to over 6% in the last hour of trading [2] - Notable stocks such as Beifang Changlong and Changcheng Military both hit the 20% limit up in the final minutes of trading [2] New Energy Vehicle Sector - The new energy vehicle sector continued its strong performance, reaching a new phase high, with several stocks hitting their daily limit [2] - The China Passenger Car Association raised its forecast for 2025 passenger car retail sales to 24.35 million units, a 6% year-on-year increase, and adjusted the export forecast to 5.46 million units, a 14% increase [2] - In the new energy vehicle segment, wholesale sales are expected to reach 15.48 million units in 2025, reflecting a 27% year-on-year growth, with a market penetration rate projected to reach 56% [2]

今日，A股震荡上扬，深证成指、创业板指、沪深300等均再创多年新高，上证指数、北证50、上证50等 也均小幅飘红，科创板热度略有降温，科创50指数低开震荡，市场成交小幅萎缩至2.83万亿元。 盘面上，国防军工、新能源车、稀有金属、消费电子等板块涨幅居前，物流、半导体、云服务、教育培 训等板块跌幅居前。 Wind实时监测数据显示，电力设备行业获得逾147亿元主力资金净流入，有色金属、医药生物均获得超 80亿元净流入，汽车、国防军工、食品饮料等也获得超60亿元净流入。计算机则遭主力资金净流出逾 108亿元，电子净流出逾73亿元，房地产、通信均净流出逾20亿元。 展望后市，国投证券指出，牛市中的调整大多数时候与资金面、情绪面相关，而和基本面关联性不大， 尤其是对于市场过热、监管收紧、外围风险的担忧会暂时打断牛市进程。对于波动调整期间的市场特 征，如果是基本面驱动牛市，风格切换并不显著，市场交易主线依旧清晰；而流动性驱动牛市，在震荡 调整区间往往有剧烈的风格切换，例如大盘切换至小盘，价值切换至成长等等。 市场热点方面，经过短期调整之后，国防军工概念今日临近收盘时再度发力上攻，地面兵装方向领涨， 板块指数最后1小时由涨 ...

Core Insights - The latest a16z Top 50 AI Products list shows a significant presence of Chinese teams, with 4 new web products and 8 new mobile apps from Chinese developers, indicating a growing trend in the AI sector [1][5][13]. Group 1: Mobile Apps - A total of 14 new mobile apps made it to the list, with 8 from Chinese teams, including products from ByteDance, Meitu, and Yingxiao Technology [5][6]. - Notable entries include Gauth, PixVerse, and YouCut, with Gauth returning to the list after being removed earlier this year [5][6]. - YouCut and Peachy, both from Yingxiao Technology, focus on niche markets with simple interfaces and basic functionalities, achieving 21.47 million and 2.73 million MAU respectively by July [10][12]. Group 2: Web Products - The web segment saw 11 new products, with 4 from Chinese developers, including Manus, Quark, and Qwen [15][16]. - Manus, developed by Monica.ai, gained significant traction due to its innovative approach, achieving 17.55 million website visits in July [16][18]. - Quark and Qwen, both from Alibaba, are positioned as flagship AI applications, with Quark being upgraded to integrate AI dialogue and search functionalities [16][18]. Group 3: Performance and Trends - Meitu and Yingxiao Technology have successfully launched multiple products into the Top 50, leveraging social media trends and KOL marketing strategies for growth [7][8]. - The overall trend indicates that Chinese developers are increasingly dominating both mobile and web AI product markets, reflecting a shift in the competitive landscape [1][5][15].

机构：长江证券 2、竞争格局恶化风险； 其中，约1360 万用户来自生活场景应用，约180 万用户来自生产力场景。 高毛利业务占比提升+控费合理驱动公司毛利率提升，业绩高增。25H1 公司影像与产品设计业务占总 收入占比高达74.2%，高毛利属性带动公司毛利率+8.7pct。25H1 公司综合费用增幅低于毛利增幅，销 售费用占公司影像与设计产品+广告收入总和的16.4%，剔除基础大模型训练成本后，研发开支同比上 升14.4%；行政费用按年增长23.2%，主要因股权激励费用增加。综上，公司经调整业绩大幅增长，为 4.67 亿元。 公司AI 应用、海外业务均取得突破看好未来增长潜力。1）美图影像研究院作为公司技术中枢，已获得 463 项授权专利，持有317 项软件产品著作权。2025 年7 月推出的AI Agent产品RoboNeo 用户数在未进 行任何宣传情况下快速增长，并进入多国应用商店分类榜前十，预计后续将进一步完善付费机制。2） 公司全球市场快速扩张，海外业务增速远高于国内。25H1 公司2.8 亿月活跃用户中，国内用户为1.82 亿，yoy+5.2%，海外用户9800万，yoy+15.3%。生活场景方面 ...

Group 1 - A16z released a global Top 100 list of consumer-grade generative AI applications, highlighting the competitive strength of Chinese AI applications in the mobile sector [1][2] - Chinese developers secured 22 positions in the Top 50 mobile applications, demonstrating significant global competitiveness [1] - Meitu has five applications listed, covering AI image and video sectors, including Meitu Xiuxiu, Wink, BeautyPlus, Beauty Camera, and Airbrush [2] Group 2 - ByteDance's Doubao and imaging tool Hypic also made it to the list, showcasing the company's innovation in AI applications [2] - Baidu and DeepSeek ranked among the top 10 applications, indicating their strong presence in the generative AI market [2]