2月20日，港股三大指数早间小幅低开：恒生指数跌0.18%，恒生科技指数跌0.69%，恒生国企指数跌 0.19%。随后，港股市场震荡走低，恒生指数跌超1%，恒生科技指数跌幅一度达到2.7%。截至发稿，港 股主要指数跌幅有所收窄，但仍是绿多红少。 中国基金报记者 晨曦 大家好，大年初四接好运！来一起关注港股的最新行情和资讯~ 【导读】港股市场低开低走，恒生科技指数盘中跌2.7%；AI应用方向走强，智谱盘中大涨25% 来看详情—— 传媒、消费板块走低 2月20日上午，港股传媒板块不振，大麦娱乐跌超6%，网易云音乐、阅文集团跌超5%，腾讯音乐跌近 4%。 | 序号代码 | | 名称 | 现价 | 涨跌 涨跌幅 ^ | | --- | --- | --- | --- | --- | | 1 | 0343 | 文化传信 | 0.170 -0.026 -13.27% | | | 2 | 1640 | 千循科技 | 3.150 -0.480 -13.22% | | | 3 | | 6696 多想云 | 1.760 -0.270 -13.30% | | | ব | 0471 | 中播数据 | 0.620 -0.060 | - ...

Group 1 - The core viewpoint of the article highlights the significant stock price increase of Haizhi Technology (02706), which rose over 27% in early trading, reaching a new high of 154.4 HKD, representing an increase of over 4 times from its IPO price of 27.06 HKD [1] - Haizhi Technology is recognized as a leading provider of industrial-grade artificial intelligence solutions in China, focusing on graph-model fusion technology and has developed two core product matrices: the Atlas graph solution and the Atlas intelligent agent [1] - The revenue from Haizhi's "Atlas intelligent agent" is experiencing rapid growth, with projections indicating an increase of nearly 9 times in 2024 compared to 2023, and an increase of nearly 5 times in the first half of 2025 [1] Group 2 - The article mentions that AI has gained significant public attention, particularly following its prominent role in the 2026 CCTV Spring Festival Gala, where the skit "AI Partner" raised awareness about the safety risks associated with deepfake technology, making "AI trustworthiness and safety" a key technological topic at the start of the year [1] - According to Guotou Securities International, the industrial-grade AI intelligent agent sector where Haizhi operates has substantial growth potential, and the company possesses significant barriers and a leading market position in the graph-model fusion technology field, with rapid revenue growth from its core products providing strong support for long-term development [1]

Group 1 - Haizhi Technology Group (02706.HK) increased by 15% [1] - MINIMAX-WP (00100.HK) rose by 5.43% [1] - Zhipu (02513.HK) saw a gain of 5.12% [1]

Core Insights - The 2026 CCTV Spring Festival Gala showcased China's AI industry, highlighting both the impressive capabilities of humanoid robots from Yushutech and the security risks associated with AI deepfakes, making "AI trust and safety" a key topic for the new year [1][4] Group 1: Yushutech's Innovations - Yushutech's humanoid robots received acclaim from top AI experts, with insights suggesting that the company has dominated the open-source humanoid robot ecosystem, similar to Apple's success in providing foundational development platforms [2][3] - Over the past five years, Yushutech has focused on developing reliable hardware and open-source software for humanoid robots, establishing a significant ecological barrier in the robotics field, with most cutting-edge research based on its G1 platform [3] Group 2: AI Safety Concerns - The skit "AI Partner" highlighted the risks of AI deepfakes, emphasizing that the challenges posed by AI-generated misinformation are now a pressing concern for the public, necessitating a shift in focus towards AI governance and content safety [4] - The emergence of AI safety as a critical issue has prompted the market to recognize the need for regulatory requirements and technological advancements to address these risks [4] Group 3: Haizhi Technology's Role - Haizhi Technology has been working on trustworthy AI solutions for over a decade, ensuring stability in essential services during the Spring Festival, such as transportation and electricity supply, by utilizing its unique technology [5][10] - The company's integration of graph-model fusion technology allows for real-time analysis and decision-making in critical sectors like transportation and energy, addressing the core challenges of AI safety and reliability [8][10] Group 4: Market Outlook - The contrasting presentations of Yushutech and Haizhi Technology illustrate the dual aspects of China's AI industry, with Yushutech representing the visible technological advancements and Haizhi Technology embodying the foundational support for societal needs [13] - Analysts suggest that the AI application market is far from over, with current market corrections providing a golden opportunity for quality investments in leading companies like Haizhi Technology, which has established a solid technological barrier and achieved scalable commercial applications [13][14]

Market Overview - On February 16, the last trading day before the Spring Festival, Hong Kong stocks experienced a V-shaped rebound, with the Hang Seng Index rising by 0.52% after a drop of over 0.6% during the session [1][11] - The Hang Seng Technology Index increased by 0.13%, recovering from a decline of more than 1.9%, while the National Enterprises Index rose by 0.42% after a drop of over 0.8% [1][11] - Resource stocks led the gains, with Luoyang Molybdenum rising over 6%, and Zijin Mining and Ganfeng Lithium both increasing by over 4% [1][11] AI Application Sector - The AI application sector saw significant gains, with Haizhi Technology Group rising nearly 30%, MINIMAX-WP increasing by over 24%, and Maiyue Technology up by over 10% [3][13] - Other notable performers included Fubo Group, which rose by over 8%, and Zhipu, which increased by 4.74% [3][13] Precious Metals Sector - The precious metals sector, particularly gold stocks, showed strong performance, with Luoyang Molybdenum and Laopu Gold both rising over 6%, and Lingbao Gold increasing nearly 5% [6][16] - The international gold price rebounded above $5,000 per ounce after a significant drop the previous week [17][18] Oil and Gas Sector - The oil and gas sector also performed well, with CNOOC rising nearly 4%, and Sinopec Oilfield Services and CNOOC Services both increasing by over 2% [19][20] - The recent fluctuations in international oil prices are influenced by geopolitical tensions, particularly between the US and Iran, which have led to a premium on oil prices [20][21] Summary of Key Stocks - Notable stocks in the AI sector include: - Haizhi Technology Group: 29.59% increase [4][14] - MINIMAX-WP: 24.56% increase [4][14] - Maiyue Technology: 10.11% increase [4][14] - In the precious metals sector: - Luoyang Molybdenum: 6.35% increase [7][17] - Laopu Gold: 6.64% increase [7][17] - In the oil sector: - CNOOC: 4.21% increase [20]

Market Overview - The Hong Kong stock market experienced a half-day trading session on February 16, with all three major indices opening lower but recovering. The Hang Seng Index closed up 0.52% at 26,705.94 points, with a total turnover of 849.97 billion HKD. The Hang Seng Tech Index rose 0.13%, while the Hang Seng China Enterprises Index increased by 0.42% [1] - For the year of the Snake, the Hang Seng Index has gained over 32%, the Hang Seng Tech Index has risen over 13%, and the China Enterprises Index has increased by over 23% [1] Blue Chip Performance - Zijin Mining (02899) led the blue-chip stocks, rising 4.67% to 43.52 HKD, contributing 18.71 points to the Hang Seng Index. Citigroup raised its target prices for Zijin's A-shares and H-shares by over 30% due to increased gold and lithium price forecasts and higher gold sales [2] - Other notable blue-chip performers included China Hongqiao (01378) up 3.92%, CNOOC (00883) up 3.71%, while HSBC Holdings (00005) fell 1.11% [2] Sector Highlights - The technology sector showed mixed results, with Alibaba down 0.45%, Baidu up over 1%, and Tencent up 0.19%. The storage chip sector saw significant price increases, with companies like Lianqi Technology and Zhaoyi Innovation reaching new highs [3] - The storage chip price surge is expected to improve profitability across the NAND industry, with Kioxia projecting a 50% increase in average selling prices starting Q1 2026. Morgan Stanley estimates Kioxia's adjusted gross margin will reach 66% in Q1 [3] - The large model AI sector also saw significant gains, with MINIMAX (00100) up 24.56% and Zhipu AI (02513) up 4.74%. MINIMAX launched a new flagship programming model, while Zhipu announced a price increase for its AI programming subscription [4] Commodity and Energy Stocks - The non-ferrous metals sector experienced broad gains, with Luoyang Molybdenum (03993) up 6.35%, China Nonferrous Mining (01258) up 5.55%, and Zijin Mining (02899) also contributing to the sector's performance [4] - The oil and shipping sectors remained active, with rising sentiments among shipowners due to geopolitical tensions, leading to higher freight rates [10] Recent Developments - The Hang Seng Index Company announced its quarterly review results, with companies like CATL, Luoyang Molybdenum, and Laopuhuang being added to the Hang Seng Index, increasing the number of constituent stocks from 88 to 90 [7] - Haizhi Technology Group (02706) saw a significant rise of 29.59% on its second day of trading, attributed to its focus on AI solutions and rapid revenue growth [8] - Fubo Group (03738) also experienced an 8.22% increase, driven by the popularity of its new copyright management platform [9]

Company Overview - Haizhi Technology (02706) experienced a significant stock price increase of over 30% on its second day of trading, reaching a high of 123.3 HKD, which is more than 3.5 times its IPO price of 27.06 HKD [1] - As of the latest update, the stock is trading at 121 HKD with a transaction volume of 1.23 million HKD [1] Product and Technology - Haizhi Technology is a leading provider of industrial-grade artificial intelligence solutions in China, focusing on graph-model integration technology [1] - The company has developed two core product matrices: the Atlas Graph Solution and the Atlas Intelligent Agent [1] - The Atlas Graph Solution includes the DMC Data Intelligence Platform, Atlas Knowledge Graph Platform, and AtlasGraph Database, enabling multi-source data integration, knowledge graph construction, and complex relationship analysis [1] - The Atlas Intelligent Agent combines large language model reasoning capabilities with the accuracy of knowledge graphs, empowering enterprises with intelligent automation and scenario-based reasoning [1] Market Growth and Potential - The industrial-grade AI solution market in China is in a rapid expansion phase, with a projected compound annual growth rate (CAGR) of 44.6% from 2025 to 2029, increasing from 65.4 billion CNY to 286.1 billion CNY [2] - The market for integrated knowledge graph industrial-grade AI agents is expected to see a staggering CAGR of 140.0% from 2024 to 2029, growing from 200 million CNY to 13.2 billion CNY [2] - Haizhi Technology is positioned in a high-growth segment with significant barriers to entry in the graph-model integration technology field, indicating strong long-term development support [2]

智通财经APP获悉，海致科技(02706)上市次日大涨超30%，高见123.3港元较招股价27.06港元涨超3.5 倍。截至发稿，涨30.67%，报121港元，成交额1.23亿港元。 公开资料显示，海致科技是中国领先的产业级人工智能解决方案提供商，核心聚焦图模融合技术，打造 了Atlas图谱解决方案与Atlas智能体两大核心产品矩阵。Atlas图谱解决方案包含DMC数据智能平台、 Atlas知识图谱平台及AtlasGraph图数据库，可实现多源数据整合、知识图谱构建与复杂关系分析；Atlas 智能体则融合大语言模型推理能力与知识图谱的准确性，赋能企业智能自动化与场景化推理。随着AI 大模型应用的逐步推广，海致科技近年相关除幻收入，即"Atlas智能体"呈现快速增长状态，其中2024年 相比2023年增幅超近9倍，2025年上半年增幅近5倍。 根据弗若斯特沙利文的资料，中国产业级人工智能解决方案市场正处于高速扩张期，预计2025-2029年 复合年增长率达44.6%，从654亿元增至2861亿元。其中，集成知识图谱的产业级AI智能体作为细分赛 道，因能有效减少大语言模型"幻觉"问题，市场需求尤为旺盛，预计202 ...

公开资料显示，海致科技是中国领先的产业级人工智能解决方案提供商，核心聚焦图模融合技术，打造 了Atlas图谱解决方案与Atlas智能体两大核心产品矩阵。Atlas图谱解决方案包含DMC数据智能平台、 Atlas知识图谱平台及AtlasGraph图数据库，可实现多源数据整合、知识图谱构建与复杂关系分析；Atlas 智能体则融合大语言模型推理能力与知识图谱的准确性，赋能企业智能自动化与场景化推理。随着AI 大模型应用的逐步推广，海致科技近年相关除幻收入，即"Atlas智能体"呈现快速增长状态，其中2024年 相比2023年增幅超近9倍，2025年上半年增幅近5倍。 根据弗若斯特沙利文的资料，中国产业级人工智能解决方案市场正处于高速扩张期，预计2025-2029年 复合年增长率达44.6%，从654亿元增至2861亿元。其中，集成知识图谱的产业级AI智能体作为细分赛 道，因能有效减少大语言模型"幻觉"问题，市场需求尤为旺盛，预计2024-2029年复合年增长率高达 140.0%，规模从2亿元增至132亿元。国投证券国际此前指，海致所处的产业级AI智能体赛道增长潜力 巨大，公司在图模融合技术领域具备显著壁垒与领先市场 ...

香港恒生指数开盘跌0.25%，恒生科技指数跌0.19% ，阿里巴巴、百度、吉利汽车、蔚来跌超1%，网易、天齐锂业涨超1%。 港股AI应用股走强， 截至发稿，阜博集团(03738.HK)涨14.38%、海致科技集团(02706.HK)涨12.10%、智谱(02513.HK)涨7.63%、 MINIMAX-WP(00100.HK)涨2.94%。 ...