Group 1 - The core viewpoint of the articles highlights the strong performance of AI concept stocks in the Hong Kong market, particularly Beijing Zhiyu Huazhang Technology Co., Ltd. (Zhiyu), which saw its stock price surge significantly, reaching a new high of 335 HKD per share and a market capitalization nearing 150 billion HKD [1][2] - Zhiyu's recent activities in the large model sector include the release of its hybrid thinking model GLM-4.7-Flash, which achieved over 1 million downloads on Hugging Face within two weeks of its launch [1] - The global model service platform OpenRouter has introduced an anonymous model named "Pony Alpha," which has garnered attention for its capabilities in coding, long context processing, and agent optimization, leading to speculation that it may be related to Zhiyu's upcoming GLM-5 model [1][2] Group 2 - Pony Alpha is described as a cutting-edge foundational model with strong performance in programming, agent workflows, reasoning, and role-playing, particularly noted for its high accuracy in tool invocation [2] - The recent stock performance of Zhiyu is attributed not only to prior technological breakthroughs but also to positive market expectations regarding the imminent release of a new generation product, which is seen as a significant demonstration of the company's technical strength [2]

本文源自：金融界AI电报 港股市场AI应用股今日继续集体大涨，截至半日收盘，智谱涨21%，领涨板块，阅文集团涨超15%，阜 博集团涨超13%，MINIMAX涨超6%。 ...

分析人士指出，本轮AI应用股集体大涨，或与近期大模型技术应用革新有关。字节跳动旗下即梦平台 日前宣布，正内测一款AI视频生成模型——Seedance 2.0。该模型支持同时上传图片、视频、音频等多 达12类参考文件，凭借多模态参考、生成与编辑融合等一系列技术创新，实现了关键突破。这意味着， AI视频生成实现了从"工具"到"AI导演"的跃迁，可自主完成运镜、分镜、多镜头叙事等创作环节，为用 户提供导演级的控制精度。 港股市场AI应用股今日继续集体大涨，截至半日收盘，智谱涨21%，领涨板块，阅文集团涨超15%，阜 博集团涨超13%，MINIMAX涨超6%。 | 代码 | 名称 | 涨跌幅 √ | 最新价 | 总市值 | 年初至今涨跌 | | --- | --- | --- | --- | --- | --- | | 02513 | 智谱 | 0 21.03% | 335.000 | 1493.57亿 | 188.30% | | 00772 | 阅文集团 | 15.57% | 43.640 | 445.77亿 | 32.32% | | 03738 | 皇博集团 | 13.35% | 5.180 | 131.71亿 ...

Group 1 - The Hang Seng Index rose by 0.54%, gaining 145 points to reach 27,172 points, while the Hang Seng Tech Index increased by 0.84% [1] - The market showed strong interest in AI large model concepts, with companies like Zhiyu (02513) surging over 21% after its GLM-4.7-Flash model surpassed 1 million downloads on HuggingFace [1] - Yueda Group (00772) saw a rise of over 15% as the company accelerated its AI comic strategy according to internal communications [1] Group 2 - Seedance 2.0 sparked a revolution in AI video, leading to a significant increase of over 13% for Fubo Group (03738) [2] - Yunzhisheng (09678) rose over 8%, validating its large model business growth with potential applications in AI clinical diagnosis and healthcare cost reduction [3] - Innovent Biologics (01801) increased by over 5% after announcing its seventh global strategic partnership with Eli Lilly, with Goldman Sachs indicating that its stock is undervalued [4] Group 3 - Pop Mart (09992) rose over 4%, projecting global sales of over 100 million units for its THE MONSTERS product line by 2025 [5] - The CRO sector saw significant gains, with companies like Weiya Bio (01873) and WuXi Biologics (02269) rising by 6.14% and 5.6% respectively, as the industry experiences a recovery in innovative drug financing and business development [5] - China Nuclear International (02302) increased by 8%, expecting a rise in net profit from its uranium trading business last year [6] Group 4 - Baoji Pharmaceutical-B (02659) surged over 10%, with its stock price increasing nearly 4.5 times from its IPO, as several products are expected to contribute significantly to revenue this year [7] - Fishing equipment leader Lexin Outdoor (02720) saw a remarkable debut, with its stock price rising over 130% at one point on its first trading day [8]

消息面上，2月6日，全球模型服务平台OpenRouter悄然上线一款代号为"Pony Alpha"的匿名模型，因其 强大的编码能力、超长上下文窗口及针对智能体工作流的深度优化，迅速引发开发者社区关注。市场猜 测该模型的身份可能是智谱即将发布的新一代模型GLM-5。 分析指出，GLM系列模型近年来在代码生成和智能体能力上的进步有目共睹，这与Pony Alpha的主打方 向完全一致；智谱首席科学家唐杰发微博明确表示最近智谱将发布GLM-5。目前，智谱等疑似关联方 尚未对Pony Alpha的身份作出官方回应。 来源：智通财经网 智谱(02513)午前涨超22%，高见338.2港元，较招股价116.2港元已涨近200%，总市值逼近1500亿港元。 截至发稿，涨21.17%，报335.4港元，成交额6.65亿港元。 ...

Market Overview - The Hong Kong stock market indices collectively rose, with the Hang Seng Index increasing by 0.54% to 27,172.87 points, the Hang Seng Tech Index up by 0.84%, and the State-Owned Enterprises Index rising by 0.78% [1][9] Technology Sector - Tech stocks showed mixed performance, with Xiaomi, JD.com, and NetEase rising over 2%, while Meituan fell over 3% and Tencent dropped over 1% [1][9] - AI application stocks surged, particularly Zhiyun, which increased by over 21% following the internal testing of ByteDance's Seedance 2.0 video model [2][10] Pharmaceutical Sector - Innovative drug concept stocks collectively rose, with CSPC Pharmaceutical gaining over 6%. The company has entered a platform-level collaboration with AstraZeneca worth up to $18.5 billion [4][12] - The innovative drug sector is experiencing rapid revenue growth, with over 70% of companies expected to achieve positive revenue growth by 2025 [4][12] Consumer Sector - The new consumption concept saw some stocks rise, with Pop Mart increasing by over 4%. The company announced plans to sell over 400 million products globally by 2025 [5][13] New Listings - Two new stocks were listed today, with Lexin Outdoor surging over 121% and Aixin Yuan Zhi rising nearly 1% [6][14]

2月10日，延续昨日强势，港股市场AI应用股今日再度集体走强，其中，智谱涨超16%，阅文集团涨超9%，阜博集团涨 超8%，MINIMAX-WP涨超7%，小马智行涨超6%，创新奇智涨超5%，汇量科技涨超4%。 消息面上，近日，一款名为Seedance2.0的AI视频生成模型再度刷屏海内外互联网。开源证券发布研报称，字节跳动在 即梦平台上线Seedance2.0视频生成模型，引发AI产业界广泛测评与讨论，且实测效果惊艳。其支持文字、图片、视 频、音频等各类素材输入，并生成视频，在自运镜和分运镜、全方位多模态思考、音画同步生成、多镜头叙事能力等几 个关键能力上实现突破。 | 代码 | 名称 | | 涨跌幅 √ | 最新价 | 总市值 | 年初至今涨跌 | | --- | --- | --- | --- | --- | --- | --- | | 02513 | 智谱 | (0) | 16.26% | 321.800 | 1434.72亿 | 176.94% | | 00772 | 阅文集团 | | 9.38% | 41.300 | 421.87 乙 | 25.23% | | 03738 | 阜博集团 | | 8.7 ...

当模型不再稀缺，真正稀缺的，是能把模型变成现金流的能力。 据追风交易台消息，2月9日，摩根大通证券（中国）发布研究报告《中国人工智能行业：全球布局与模型创新驱动新一代领军者》，首次覆盖中 国独立大模型厂商智谱与MiniMax。 报告开宗明义：中国人工智能行业正从"百模大战"阶段，迈向以商业化落地能力、模型创新实力及全球化布局为决定成败之关键的阶段。中国AI 市场正在迅速整合，"具备实力且资金充足的模型开发商数量已从超200家缩减至不足10家。" 摩根大通犀利指出，国内AI行业最大的利润池恐将流向掌握分发的平台巨头；而独立厂商的突围，则取决于谁能通过"结构性中立"找到生存缝隙 ——智谱向内深耕高合规的本地化部署，MiniMax向外拓展高溢价的全球市场。 这一判断的背景并不复杂。报告指出，随着模型训练成本、算力获取门槛和商业化难度持续上升，资本与算力的硬约束开始主导行业结构。换句 话说，行业已经不再奖励"能不能做模型"，而是奖励"能不能长期活下来"。 在摩根大通看来，这一阶段的核心变化在于：模型能力逐步趋同；资金消耗呈指数级上升；客户开始更关注"交付能力、稳定性与可持续性"。 | | | 市值 | | | 评级 ...

分析指出，GLM系列模型近年来在代码生成和智能体能力上的进步有目共睹，这与Pony Alpha的主打方 向完全一致；智谱首席科学家唐杰发微博明确表示最近智谱将发布GLM-5。目前，智谱等疑似关联方 尚未对Pony Alpha的身份作出官方回应。 消息面上，2月6日，全球模型服务平台OpenRouter悄然上线一款代号为"Pony Alpha"的匿名模型，因其 强大的编码能力、超长上下文窗口及针对智能体工作流的深度优化，迅速引发开发者社区关注。市场猜 测该模型的身份可能是智谱即将发布的新一代模型GLM-5。 智通财经APP获悉，智谱(02513)午前涨超22%，高见338.2港元，较招股价116.2港元已涨近200%，总市 值逼近1500亿港元。截至发稿，涨21.17%，报335.4港元，成交额6.65亿港元。 ...

Group 1 - The core message emphasizes the importance of technological self-reliance and innovation for building a modern socialist country, as highlighted by President Xi Jinping during his visit to the National Innovation Center in Beijing [1][5][7] - The founder and chief scientist of Zhiyuan, Tang Jie, expressed pride and motivation after engaging with President Xi, reinforcing the commitment to independent innovation in large model technology [3][7] - Tang Jie noted that the current era presents unprecedented opportunities for technological disruption, with large models being a key foundation for general artificial intelligence (AGI) and a potential core engine for driving productivity transformation [3][7] Group 2 - Zhiyuan aims to achieve the vision of making machines think like humans, focusing on breakthroughs in domestic original technology to compete globally in artificial intelligence [3][7] - The company is dedicated to empowering various industries in China and ensuring that artificial intelligence technology serves the development of the real economy and improves people's livelihoods [3][7]