来源：智通财经 截至2026年2月13日 10:06，恒生科技ETF南方(520570)成交3013.88万元。跟踪指数恒生科技指数成分股 方面涨跌互现，华虹半导体领涨2.66%，联想集团上涨2.11%，中芯国际上涨0.72%。 华泰证券指出，港股上周伴随全球风险资产波动。全球软件行业回调、港股科技巨头入口补贴引发争 议、美元反弹及商品市场余波未消等都导致市场日间和日内波动率有所放大。但资金面依然相对充裕， 外资和南向继续大幅流入港股市场，驱动农林牧渔、食品饮料、交运等"传统经济"明显走强。展望未 来，美股科技股业绩期高峰即将结束、贵金属波动有望下降，且春节前后或依然有较多科技和消费主线 催化。 恒生科技ETF南方(520570)紧密跟踪恒生科技指数，恒生科技指数代表经筛选后最大30间与科技主题高 度相关的香港上市公司。指数前十大权重股分别为阿里巴巴-W、中芯国际、比亚迪股份、美团-W、小 米集团-W、腾讯控股、网易-S、快手-W、京东集团-SW、百度集团-SW。 恒生科技指数主要涵盖与科技主题高度相关的香港上市公司，包括网络、金融科技、云端、电子商贸及 数码业务。经过是否利用科技平台进行营运、研究发展开支占 ...

Group 1 - The core viewpoint of the article emphasizes the rapid growth potential of the embodied intelligence sector, driven primarily by AI advancements, with the possibility of future applications surpassing current levels by 100 to 1000 times [3] - The CEO of Yuzhu Technology, Wang Xingxing, suggests that the current phase of the robotics and embodied intelligence industry is still in a climbing stage, indicating that the peak interest and application are yet to come [3] Group 2 - Multiple banks have raised deposit interest rates, indicating a shift in the banking sector's approach to attracting deposits [4] - Lei Jun announced that during the Spring Festival, Xiaomi vehicles can reimburse up to 1,500 yuan for high-speed rail or flight tickets and 500 yuan for accommodation costs in case of breakdowns [6]

Summary of Conference Call Records Industry: Robotics and Automation Key Points 1. **Robo.ai Subsidiary Secures First Order** Robo.ai, a subsidiary of the company, has received its first order for embodied intelligent robot data collection [1] 2. **Xiaomi Robotics Open Source VLA Model** The company has launched the open-source VLA model, named Xiaomi-Robotics-0, aimed at enhancing robotics capabilities [1][2] 3. **Introduction of New Robot on High-Speed Trains** A new robot, referred to as "conductor," has been introduced on high-speed trains in Zhejiang province, indicating advancements in service automation [1][2] 4. **FORCE Robot Delivery Milestone** The FORCE robot has achieved a significant milestone with a total of 300 units delivered, showcasing the growth in the robotics market [2] 5. **XuanChuang Robotics Completes Pre-A+ Financing** XuanChuang Robotics has successfully completed a Pre-A+ round of financing, reflecting investor confidence in the robotics sector [2] 6. **Apptronik Secures $520 Million in Funding** Apptronik, a humanoid robotics company, has raised $520 million, highlighting the increasing investment in humanoid robotics technology [3] 7. **Flying Dragon Co. Increases Capital for Overseas Subsidiary** Flying Dragon Co. announced an increase in registered capital for its overseas subsidiary, indicating strategic expansion efforts [3] 8. **DaoTong Technology Projects Significant Profit Growth** DaoTong Technology expects its annual report to show a net profit between 900 million to 935 million yuan, representing a growth rate of 40.42% to 45.89% [3] 9. **Huayang Intelligent Shareholding Changes** Huayang Intelligent reported that the Fuxing Weiying Equity Investment Fund has reduced its holdings by 540,000 shares, accounting for 2.29% of the circulating share capital [3] 10. **UBTECH Launches Full-Size Humanoid Robot** UBTECH has introduced a full-size research humanoid robot named "TianGongXingZhe DEX," contributing to the advancements in humanoid robotics [3]

2月13日消息，小米创办人，董事长兼CEO雷军发文表示，2024年4月3日以来，小米汽车累计交付已超 过60万台。感谢每一位车主的认可和喜欢，感谢大家一路同行。 责任编辑：李思阳 2月13日消息，小米创办人，董事长兼CEO雷军发文表示，2024年4月3日以来，小米汽车累计交付已超 过60万台。感谢每一位车主的认可和喜欢，感谢大家一路同行。 责任编辑：李思阳 ...

Core Insights - The Hong Kong stock market is experiencing two distinct but resonant waves of incremental capital from mainland China and South Korean retail investors, with mainland southbound funds achieving a record net purchase of 1.41 trillion HKD, establishing themselves as core builders of pricing power in the market [1][10] - Southbound funds are characterized by long-term value investment, while South Korean retail investors engage in high-frequency trading and narrative-driven investments, creating a diversified funding source and a layered pricing logic in the Hong Kong market [1][10] Funding Scale and Structure - Southbound funds have become the core incremental source and valuation system reshaper for the Hong Kong market, with a cumulative net inflow of 5.11 trillion HKD by the end of 2025, and a market value exceeding 6.3 trillion HKD, accounting for 12.7% of the total market [2] - South Korean retail investors, while having a smaller capital scale, exhibit concentrated trading behavior and significant leverage, particularly impacting specific sectors like new economy IPOs and the semiconductor industry [2][5] Industry Preferences - Southbound funds focus on financials and high-dividend utilities, with significant investments in major banks and state-owned enterprises driven by high dividend yields and low valuation levels, while South Korean investors show minimal interest in these sectors [3][5] - South Korean retail investors heavily invested in Xiaomi and MiniMax-WP, demonstrating a high turnover and narrative-driven trading approach, contrasting with the stable, long-term holdings of Southbound funds [5][8] Trading Behavior and Decision-Making - Southbound funds exhibit a decision-making anchor based on dividend yield, ROE stability, and free cash flow generation, characterized by continuous accumulation and stable holdings, as seen with significant net purchases in major banks [8][9] - South Korean retail investors, on the other hand, are driven by industry narrative strength and social media trends, with a high frequency of trading and a tendency to hold stocks for less than three months, reflecting a stark contrast to the long-term holding strategy of Southbound funds [9][10] Market Dynamics - The influx of South Korean retail investors into the Hong Kong market represents a diversification of the investor base, providing liquidity while also potentially increasing volatility during certain periods [9][10] - The interaction between Southbound funds and South Korean retail investors is creating a new normal in the Hong Kong market characterized by layered pricing and concurrent narratives, necessitating both stable investment strategies and agile trading approaches [10]

Group 1 - The State Administration for Market Regulation opposes manufacturers engaging in "involution" and selling cars at a loss, aiming to promote healthy competition in the automotive market [3] - The newly released guidelines clarify the boundaries of pricing behavior in the automotive industry, encouraging compliance and fair competition among manufacturers and sellers [3] - The guidelines specify that automotive manufacturers must not engage in pricing behaviors that aim to eliminate competitors or monopolize the market, which poses significant legal risks [3] Group 2 - OpenAI announced the release of a new real-time programming model, GPT-5.3-Codex-Spark, which is a more compact version of GPT-5.3-Codex, optimized for low-latency hardware [5][7] - The Codex-Spark model can generate over 1000 tokens per second and is currently available as a research preview for ChatGPT Pro users [5][7] - The model operates on Cerebras' Wafer Scale Engine 3, which features 40 trillion transistors and 900,000 AI cores, providing extremely low latency [7] Group 3 - Multiple automotive companies, including Geely, Chery, and BYD, have disclosed their plans for solid-state battery technology, with Geely aiming for small-scale production by 2027 and a long-term goal of mass production by 2030 [18][19][20] - Chery plans to start pilot production of solid-state batteries by 2026 and aims to validate the technology in real vehicles by 2027 [20] - BYD is focusing on sulfide solid-state batteries, expecting to achieve small-scale production by 2027 [23] Group 4 - Meizu's smartphone business is reportedly facing dissolution, with the Meizu 23 project allegedly halted [25][26] - The company has not officially responded to the rumors, and customer service has stated that no notifications regarding the business's status have been received [26] Group 5 - ByteDance is set to release the upgraded Doubao model on February 14, 2026, which will include significant enhancements to its foundational model capabilities [34][35] - The Doubao 2.0 model is expected to be a multimodal model with 1 trillion parameters, marking a substantial advancement in the company's AI capabilities [35] Group 6 - Xiaomi has launched its first-generation robot VLA model, which features 4.7 billion parameters and excels in visual language understanding and real-time execution capabilities [39][42] - The model has achieved state-of-the-art results in various benchmarks and is designed for high efficiency in real-world tasks [42] Group 7 - Lenovo reported a 72% year-on-year increase in AI-related revenue, which now accounts for 32% of the company's total revenue, driven by growth in AI PCs, smartphones, and servers [32][36] - The company has successfully navigated challenges in the global AI supply chain, maintaining its commitment to double-digit revenue growth and profitability [32]

Group 1 - Apple confirmed that the AI version of Siri is still on track for release within 2026, despite reports suggesting delays, which led to a 5% drop in its stock price [1][1] - The stock price decline erased Apple's gains for the year, with a nearly 4% drop attributed to the news [1] - The company aims to stabilize investor confidence by affirming its commitment to the planned release schedule [1] Group 2 - Zhao Ming, former CEO of Honor, announced his joining of Qianli Technology, expressing excitement about building an AI business ecosystem [2] - Zhao's decision to join Qianli Technology is influenced by his belief that AI is a field worth investing in for the next 20 years [2] Group 3 - Google announced a significant upgrade to its Gemini 3 Deep Think model, designed for scientific and engineering applications, achieving high performance in complex reasoning tasks [3][3] - The upgraded model demonstrated a 48.4% score on the Humanity's Last Exam and 84.6% on ARC-AGI-2, verified by ARC Prize Foundation [3] - In addition to mathematics, the model also showed strong capabilities in chemistry and physics, achieving gold medal-level results in international competitions [3][3] Group 4 - OpenAI and Cerebras launched the GPT-5.3-Codex-Spark model, aimed at real-time programming, marking their first public collaboration [4][4] - Codex-Spark is designed for high-speed interactive software development, achieving over 1000 tokens/s inference speed [5] - OpenAI emphasized the importance of developer control in the coding process, positioning Codex-Spark as a collaborative tool [5] Group 5 - Spotify revealed that its top developers have not written any code since December 2022, attributing this to the use of an internal AI system called "Honk" [6][6] - The "Honk" system utilizes generative AI technology to enhance coding speed and efficiency, allowing for real-time code deployment [6] Group 6 - Xiaomi announced that it will provide at least 10 years of spare parts support for its first-generation SU7 model, even after its discontinuation [8] - The new generation SU7 will be showcased in various cities starting February 13, with plans for a launch event in April [8] Group 7 - BMW confirmed a global recall of several hundred thousand vehicles due to a potential fire risk associated with the starter motor, affecting 16 models produced between July 2020 and July 2022 [9][9] - The company will notify affected vehicle owners to replace the potentially defective motors [9] Group 8 - Mercedes-Benz announced a recall of 11,895 EQB electric vehicles in the U.S. due to a risk of fire from the high-voltage battery [10] - The company will replace the batteries free of charge and has advised owners to park their vehicles outdoors [10] Group 9 - Sony launched the WF-1000XM6 wireless earbuds, claiming a 25% improvement in noise-canceling performance compared to the previous model [12][12] - The new earbuds feature an upgraded processor for enhanced audio processing and improved connectivity [12] Group 10 - NeuroXess announced a significant advancement in brain-computer interface technology, enabling a paralyzed patient to perform daily activities through thought control [15][15] - The patient achieved a brain control decoding rate of 5.2 BPS, comparable to international standards [15]

【CNMO科技消息】2月13日，小米创办人雷军发文称，新一代SU7展车今天到店。 新一代SU7 据CNMO了解，据CNMO了解，即日起，首批覆盖北京、上海、广州、深圳、杭州、成都和武汉的30家 小米门店，将率先展示这款新车。根据规划，第二批30家门店也将在2月25日迎来新一代SU7的展车， 覆盖城市与首批相同。而在新一代SU7正式上市之前，小米还将继续扩大展示范围，更多城市的门店将 陆续开启新车展示。 新ー代 SU7 实车进店 欢迎品鉴 北京|上海|广州|深圳|杭州|成都|武汉 首批30家门店 2月13日 ◎ 第二批30家门店 2月25日 . 上市前 更多城市门店 陆续开启 (mi) 作为小米汽车的最新力作，新一代SU7在智能配置、续航等方面均实现了全面升级。新车全系标配激光 雷达、700TOPS辅助驾驶算力、4D毫米波雷达以及Xiaomi HAD端到端驾驶技术。 续航方面，新一代SU7标准版和Pro版采用752V碳化硅高压平台，标准版的CLTC纯电续航达到了720公 里，而Pro版更是高达902公里。至于Max版，则采用了更高规格的892V碳化硅高压平台，CLTC纯电续 航达到835公里。 | 北京市小米汽 ...

就是说，这几天还有哪档晚会节目是没有机器人现身的吗？ 光是过年全家乐的央视除夕春晚，就有好几家具身智能公司的机器人宣布将亮相。 大厂小厂密集入局，资本追逐、媒体传播……具身机器人几乎成了继AI大模型后，下一轮科技叙事的中心。 一边是繁花似锦的视觉盛宴，各种高难度动作频频刷屏，让大众因为"看见"而开始对具身智能的未来深信不疑。 另一边，充满了行业对"真实价值"的迫切期待，大家开始关心，这些机器人什么时候能真正走进工厂、处理琐碎，释放出实实在在的生产力。 这种期待，其实折射出具身智能正在经历的一场范式演进。 机器人要真正成为生产力，核心含金量终究要落在"自主性"上。目前的"人工辅助"或"单步遥操"在技术验证阶段是合理路径，也有助于积累数据与经验。 但如果一个机器人在执行过程中频繁停顿、修正缓慢，人类就不得不高频次介入，打断自动化流程。 如果每台机器人都需要一个人类兜底，那……（不讲不讲.gif） 只有一个人能同时监管十台甚至一百台、一千台机器人的时候，只有每台具身机器人都能在长时间任务中持续决策、持续修正、持续执行的时候，大家密 切关注的具身智能才不是一种空谈。 所以不难理解为什么小米的第一个具身VLA大模型，抓 ...

小米汽车2月13日公布最新交付进展，自2024年4月3日以来，小米汽车累计交付已超过60万台。 2月12日下午，小米创办人、董事长兼 CEO 雷军在微博引用"汽车之家"数据发文称，小米 YU7 今年 1 月份销量达 37869 台。雷军进一步透露，小米汽车春 节期间门店不打烊，有少量 YU7 现车，当天订单，最快当天提车。 图片来源：每经媒资库 此外，小米汽车2月12日发布关于支持《汽车行业价格行为合规指南》的声明：2月12日，国家市场监督管理总局发布《汽车行业价格行为合规指南》（以下 简称指南），这是规范汽车行业竞争秩序、护航产业高质量发展的重要举措，有助于保障消费者合法权益，推动行业向以技术、品质为核心的价值创造转 型。作为中国智能网联新能源汽车产业的参与者，小米汽车对此表示坚决支持并积极响应。 小米汽车表示将以《指南》为遵循，持续优化自身价格管理与合规体系建设，严格落实明码标价要求、坚决杜绝价格欺诈及不正当竞争行为。同时，小米汽 车将发挥产业链协同作用，带动合作伙伴共同落实《指南》规范，与行业同仁携手维护公平竞争秩序，以实际行动为中国汽车产业高质量发展贡献力量。 图片来源：小米汽车微博 图片来源：雷军微 ...