针对这一产业痛点，阜博集团(03738)上线Vobile MAX™平台的元素级确权管理能力，首次展示真实案 例。在阜博展示的真实案例中，平台针对近期热点进行了针对性追踪：以《疯狂动物城》中的"朱迪"形 象为例，Vobile MAX™能够精准识别并追踪全网由AI生成的变体内容。针对经典真人形象(如科比等)的 二次创作，平台不仅能实现全网传播监测，还能帮助创作者进行内容变现。通过这一机制，版权方和创 作者能够清晰掌握其资产的流转路径与变现潜力，实现真正的"心里有数"。 智通财经APP获悉，随着2026年农历春节临近，AI视频生成技术进入爆发期但随之而来的版权治理难题 也正成为市场焦点。近日，字节跳动旗下视频生成大模型Seedance 2.0低调上线并迅速走红，然而其强 大的生成能力也引发了连锁反应：周星驰经纪人公开质疑平台充斥大量未经授权的AI生成电影片段;社 交平台上，利用AI制作的明星脸"合家欢"拜年视频引发肖像权争议。 在AI时代，数字内容的创作方式已发生根本性变革。传统的侵权行为多为对完整作品的非法搬运，而 现在的AI生成则是对海量素材进行深度学习，通过提取角色形象、特定场景等元素进行重构生成。 ...

增持后，JPMorgan Chase & Co.最新持好仓数目为131,240,860股，持好仓比例由4.57%上升至5.15%。 格隆汇2月16日丨根据联交所最新权益披露资料显示，2026年2月10日，阜博集团(03738.HK)获JPMorgan Chase & Co.以每股均价5.1537港元增持好仓1492.43万股，涉资约7691.53万港元。 | 大船東/鹽島/產著行設入員名 作出張國的 買入/ 寶出或者及的 輕胞的平均價 | | | | | | 持有權益的股份數目 估已發行的 有關康在的日期相關 5國股份 機權維護 | | | --- | --- | --- | --- | --- | --- | --- | --- | | | | FE REE | | | 商品用服装 | 突放黑量发(日/月/年) 催益 | | | | | | | | 荷自分比 | | | | Support of the large of consideration of the list of t | CS20260213E00240 | of each of each of the course of | of Shil ...

Summary of the Conference Call for 富博集团 Company Overview - **Company**: 富博集团 (Fubo Group) - **Date**: February 12, 2026 Key Industry Insights - **RWA Model Exploration**: 富博集团 is exploring the RWA (Real World Assets) model for IP monetization, combining digital assets with real-world assets to create new revenue channels for IP, addressing limitations of traditional film distribution channels [2][3] - **AI Content Generation**: The rise of AI content generation has significantly increased productivity but also raised concerns regarding copyright and portrait rights. 富博集团 has accumulated experience in element-level management to provide IP copyright protection services to Hollywood companies [2][4] - **Importance of Traditional IP**: Despite the emergence of AI, traditional stars and classic IP remain significant. New and classic characters need to quickly authorize their images to adapt to market changes and find suitable monetization strategies [2][7] Core Business Strategies - **Element-Level Management**: 富博集团 has begun offering specific IP copyright protection services to major Hollywood companies, focusing on detailed management of iconic characters and scenes [6] - **AI in Star Creation and IP Licensing**: AI technology presents opportunities in star creation and IP licensing, enabling creators to commercialize works quickly and provide reliable revenue forecasts for investors [8][9] - **Digital Asset Issuance**: The issuance of digital assets is seen as a breakthrough for the film industry, converting quality IP into tradable digital assets for institutional investors, thus providing stable revenue streams [11][12] Financial and Operational Insights - **Revenue Generation**: 富博集团 operates by tokenizing revenue streams and selling them to institutional investors, ensuring reasonable asset pricing and sustainable returns [12][16] - **Investor Relations**: Investors purchase future revenue rights, which are then used to fund content creators, potentially expanding the content asset pool without diluting existing investors' interests [17][21] - **Market Positioning**: The company aims to expand its service capabilities to meet diverse client needs, leveraging its 20 years of experience in serving content creators [22][23] Challenges and Opportunities - **AI Challenges**: The proliferation of AI tools has led to challenges in copyright management, necessitating the establishment of rules and technical measures to manage AI-generated content [4][5][28] - **Market Expansion**: The introduction of multi-modal AI tools like C-Dance is expected to significantly expand market opportunities, although precise revenue predictions remain uncertain [26] - **Third-Party Services**: Despite the presence of self-developed tools by large platforms, third-party service companies remain essential for copyright monitoring and protection, as they provide trust and compliance in content distribution [30] Future Outlook - **Legal Framework Development**: As AI technology evolves, legal frameworks are expected to catch up, with new copyright management rules anticipated in 2026 and 2027 [29] - **Infrastructure Role**: 富博集团 positions itself as an infrastructure provider in the AI multi-modal era, facilitating value exchanges and ensuring secure and reliable transactions [31][32]

智通财经APP获悉，阜博集团(03738)午后涨近15%，截至发稿，涨12.2%，报5.7港元，成交额7.58亿港 元。 公开资料显示，阜博集团作为全球领先的数字内容资产保护与交易的平台及服务提供商，依托AI技术 构建版权保护、价值连接与服务协同一体化生态，目前已为红果短剧提供独家版权技术服务。根据阜博 25Q3业绩交流会披露，前红果微短剧每月上新数千部，阜博日均处理违规侵权数据超过600万条，其中 超95%能实现下架。券商分析认为，字节Seedance 2.0为AI视频生成的工业化应用提供条件，红果平台 短剧26年1月月活3亿，阜博绑定超级入口有望持续受益短剧技术门槛降低带来的业务增量。 消息面上，豆包官方午间发布消息称，豆包视频生成模型Seedance 2.0今天正式接入豆包App、电脑端和 网页版。打开豆包App对话框，选择新增的"Seedance 2.0"入口，输入相关提示词，即可生成5秒或10秒 视频。目前，豆包Seedance2.0暂不支持上传真人图片作为主体参考。值得一提的是，阜博集团近日宣 布与星路科技达成战略合作，双方将依托各自优势，在文化创意知识产权(IP)的境外现实世界资产 (RWA)领 ...

Summary of the Conference Call for 富国集团 (Fuguo Group) Industry Overview - The conference call primarily discusses the developments and challenges in the **digital content and AI video generation industry**. The focus is on the transition from traditional copyright services to more sophisticated content management techniques. Key Points and Arguments 1. Transition to Element-Level Management - Fuguo Group has upgraded its services from copyright management to **element-level management** of entertainment content, including IP images, props, and scenes, enhancing the precision of content management [2][3][5]. 2. Challenges in AI Video Generation - The development of **multimodal AI video generation technology** faces compliance challenges due to unclear legal frameworks. High fidelity in AI-generated content can lead to issues of image control, impacting commercial applications [2][4]. 3. Copyright Protection in AI Content Creation - Fuguo Group addresses copyright protection in AI content creation through element-level management, which includes monitoring IP usage and preventing unauthorized use. The company collaborates with major clients like Warner and Disney, and partners with Ant Group for content rights management [2][5][6]. 4. Future Plans for Element-Level Management - The company plans to continue advancing element-level management as a key focus for 2026, with specific business cases to be released via the Max platform during the Spring Festival [2][8]. 5. Revenue Generation from AI Content - AI-generated content currently accounts for **90% or more** of video content. Monetization strategies include advertising and other models to cover costs associated with personal time, computing power, and machine deployment [2][9]. 6. Digital Content Assets vs. Traditional Copyrights - Digital content assets provide a **stable revenue stream** compared to traditional one-time sales of film rights. This model allows for ongoing revenue based on viewership and traffic, enhancing predictability and ensuring authenticity [2][11]. 7. Infrastructure for Rights Management - Fuguo Group emphasizes the need for infrastructure based on rights management to facilitate mutual trust among parties involved. The company has a long-standing partnership with Disney and is exploring new financial models to address potential inflation in AI-generated content [2][10]. 8. Cost Reduction through Blockchain - The issuance of digital assets leverages **blockchain technology** to reduce costs associated with rights management and cross-border payments, enabling profitability even for low-value content through bulk operations [2][15]. 9. Impact of AI on Digital Assets - The advancement of AI, particularly generative AI, is expected to further drive the development of digital assets, allowing for rapid production of high-quality video segments that can be monetized effectively [2][16]. 10. Monitoring AI-generated Content - Fuguo Group employs advanced technologies, including facial recognition and traditional copy comparison, to monitor and protect against IP infringement in AI-generated content [2][18]. 11. Future Business Development - The company plans to integrate new business models with existing copyright protection services, focusing on activating underexposed content and leveraging social media for monetization [2][14]. 12. Regulatory Environment in Hong Kong - The regulatory environment in Hong Kong is supportive of digital asset innovation, allowing for flexibility in operations, especially for overseas income [2][13]. 13. Revenue from Digital Asset Issuance - Digital asset issuance is expected to enhance Fuguo Group's copyright protection business on platforms like YouTube, providing stable and growing revenue streams [2][17]. Additional Important Content - The company is actively exploring innovative financial methods and low-cost issuance mechanisms to maximize the value of both existing and newly produced content [2][14]. - Fuguo Group's strategic focus includes addressing the lag in sales channels compared to production capabilities, emphasizing the need for efficient data transmission and authenticity verification [2][12].

Major Events - Xian Dao Intelligent (00470) received a subscription rate of 79.54 times for its public offering in Hong Kong, with a final issue price of HKD 45.8 per share [1] - Shishi Pharmaceutical Group (02005) is expected to win bids for 45 products in the national centralized procurement [1] - Gilead Sciences-B (01672) has selected the oral amylin receptor agonist peptide ASC36 for clinical development [1] - China Railway Construction (01186) recently won major projects totaling CNY 451.42 billion [1] - Shoucheng Holdings (00697) invested in Qimiao Labi through its subsidiary fund, focusing on expanding its product matrix around core intellectual property [1] - Minshi Group (00425) plans to establish a joint venture to produce aluminum body frame components [1] - Fubo Group (03738) has reached a strategic cooperation with Xinglu Technology [1] - Jin Xun Resources (03636) plans to increase capital by a total of USD 44 million for its overseas subsidiaries [1] - Changfei Optical Fiber and Cable (06869) experienced abnormal fluctuations in A-share trading, clarifying that it does not engage in CPO-related businesses [1] Operating Performance - SMIC (00981) reported Q4 revenue of USD 2.489 billion, a quarter-on-quarter increase of 4.5%, with a gross margin of 19.2% [1] - PCCW (00008) reported a loss attributable to shareholders of HKD 253 million for the fiscal year 2025, narrowing by 16% year-on-year [1] - WuXi Biologics (02269) issued a positive profit alert, expecting a year-on-year profit increase of approximately 46.3% to CNY 4.908 billion for the fiscal year 2025 [1] - Dongyue Group (00189) issued a positive profit alert, anticipating over 100% year-on-year growth in profit attributable to owners for 2025 [1] - Elephant Future Group (02309) issued a positive profit alert, expecting a mid-term profit attributable to owners of approximately HKD 178 million, reversing from a loss [1] - Sihuan Pharmaceutical (00460) issued a positive profit alert, expecting revenue of no less than CNY 2.5 billion for 2025, with a growth rate exceeding 30% compared to the previous year [1] - Beijing Automotive (01958) expects a net profit attributable to the parent company of approximately CNY 110 million to CNY 130 million for 2025, a year-on-year decrease of about 86.4% to 88.5% [1] - COFCO Joycome (01610) issued a profit warning, expecting a loss attributable to shareholders of approximately CNY 230 million to CNY 350 million, reversing from profit year-on-year [1] - New Town Development (01030) achieved a contract sales amount of approximately CNY 714 million in January, a year-on-year decrease of 29.79% [1] - Yue Yuen Industrial (00551) reported a net operating income of approximately USD 705 million in January, a year-on-year decrease of 12.5% [1] - Baoshan International (03813) reported a cumulative net operating income of CNY 1.748 billion in January, a year-on-year decline of 32.5% [1]

内容领域必将迎来史无前例的通货膨胀，传统组织结构与制作流程会被彻底重构。 近期，字节跳动最新视频生成模型Seedance 2.0在即梦、豆包、小云雀等产品开启内测，引发国内国外 广泛关注。 智通财经APP获悉，字节跳动正式推出AI视频生成模型Seedance 2.0，支持多模态输入与智能分镜，可 生成带原生音频、角色一致、镜头连贯的电影级短片。该模型被多家机构评价为"全能AI导演"级产品， 标志着AI视频从"可玩性工具"迈入"工业化生产"新阶段。 游戏科学CEO冯骥对字节Seedance 2.0评价称："AI理解多模态信息并整合的能力完成了一次飞跃，令人 惊叹。"他表示，一般性视频的制作成本将无法再沿用影视行业的传统逻辑，开始逐渐趋近算力的边际 成本。 银河证券指出，近年以来，电影市场档期效应和马太效应愈发明显。从目前春节档定档以及第三方平台 热度来看表现来看，观影群体对优质影片仍有较高接受度和观影意愿。2026年春节假期长达9天，有望 为档期票房的释放提供更为充裕的时间窗口期，关注后续春节档票房表现。此外，近期字节旗下视频模 型Seedance2.0开启内测，视频生成能力提升明显，看好AI视频工具对影视院线 ...

当前AI行业正经历多模态技术的爆发式演进。以Seedance2.0为代表的视频模型将多模态创作推向更高 可控性阶段，显著降低内容生产门槛与试错成本，推动视频生成从"拼片段"向"讲故事"的工业化效率跃 迁。但与此同时，IP元素使用如个人形象引发的版权与隐私争议持续发酵，平台侧已开始加强管理和限 制，行业对版权确权、IP元素使用计量与收益分配的刚性需求愈发迫切。 多模态内容的爆发式增长正在重构版权确权逻辑。传统内容流转以"整部作品拷贝"为单位，而今正被拆 解为角色、场景、动作、声音等要素进行重组与复用，确权逻辑从拷贝级跃迁至"元素级管理"。这种转 变将版权资产的可计量颗粒度显著放大，为后续按使用计费、分账变现提供基础设施前提。只有能够对 单一IP元素的使用路径进行精准追踪，并积累可验证、可计量的数据，才具备将该IP进行RWA发行的基 础。换言之，元素级确权与计量解决的是资产来源与现金流真实性的根本问题，而RWA则是在此之上 实现的资产化手段。 2月11日，阜博集团(03738)宣布，其已与星路金融科技控股有限公司(星路科技)达成战略合作，双方将 依托各自优势，在文化创意知识产权(IP)的境外现实世界资产(RWA) ...

智通财经APP获悉，2月11日，阜博集团(03738)宣布，其已与星路金融科技控股有限公司(星路科技)达 成战略合作，双方将依托各自优势，在文化创意知识产权(IP)的境外现实世界资产(RWA)通证化领域展 开深度合作，共同探索合规创新的发展路径，推进文化创意IP转化为高效流通数字资产的生态系统建 设。星路科技作为复星财富国际自主孵化的香港AI驱动全球一站式财富科技平台，此次合作致力于盘 活'沉睡'的IP资产，构建从IP确权到资产通证化的完整链条。此举不仅标志着阜博在RWA领域的战略进 入加速落地阶段，也精准契合了当前行业因AI技术爆发而快速重构的迫切需求。 阜博集团在此背景下展现出独特优势。其成熟的IP元素级管理能力、海量数据积累以及行业大客户资 源，使其成为承接多模态内容商业化需求的直接受益方。随着行业演进，阜博相关业务的成长空间将持 续扩展。此次与星路科技的合作，正是将技术能力与金融创新结合的关键举措，有望在合规框架下推动 文化创意IP的数字化、资产化进程，为行业构建更高效、透明的价值流转体系。这场由AI技术驱动的内 容生产革命，为版权保护与变现带来全新机遇，而阜博集团已站在这一变革的最前沿。 当前AI行 ...

阜博集团(03738)发布公告，集团已与星路金融科技控股有限公司(星路科技)达成策略合作，星路科技是 复星财富国际控股有限公司自主孵化、位于中国香港的AI驱动全球一站式财富科技平台。集团与星路 科技将依托各自优势，在文化创意知识产权(IP)的现实世界资产(RWA)境外通证化领域展开深度合作， 共同探索合规创新的发展路径，推进构建让文化创意IP转化为高效流通数字资产的生态系统。 ...