Core Viewpoint - The Hong Kong stock market is experiencing a strong performance in AI application stocks, with notable increases in share prices for several companies [1] Group 1: Company Performance - Zhihui (02513.HK) saw a price increase of 8.56% [1] - Bilibili W (09626.HK) experienced a rise of 6.07% [1] - Kingsoft Cloud (03896.HK) reported a gain of 5.64% [1]

Core Viewpoint - The Hong Kong stock market saw a collective rise in AI application stocks, indicating strong investor interest and confidence in the sector [1]. Group 1: Stock Performance - Zhihui Technology (智谱) surged over 11% [1] - Yuewen Group (阅文集团) increased by 8% [1] - Xiaoma Zhixing (小马智行), Fubo Group (阜博集团), Xindong Company (心动公司), and WeRide (文远知行) all rose over 6% [1] - Kingsoft Cloud (金山云), Chuangmeng Tiandi (创梦天地), and Minglue Technology (明略科技) experienced gains of over 5% [1] - MINIMAX-WP saw an increase of over 4% [1] - JD Health (京东健康), Chuangxin Qizhi (创新奇智), and Fanshi Intelligent (范式智能) rose over 3% [1] - Ping An Good Doctor (平安好医生) and Zhongyou Game (中手游) increased by nearly 3% [1]

野村发布研报称，金山云作为小米集团-W生态圈中唯一的人工智能云基础设施供应商，有望持续受惠 于小米锐意发展大语言模型（LLM）的决心，潜在的H200晶片进口或能缓解公司在2026财年面临的短 缺问题。该行认为，公司受惠于持续强劲的LLM训练需求，以及消耗更多Token的智能体等应用所带动 的推理需求增长所推动，相信今年中国AI投资周期仍在加速，相应将金山云2025至2027财年收入预测 上调1.4%至8.9%。 责任编辑：卢昱君 热点栏目 自选股 数据中心 行情中心 资金流向 模拟交易 客户端 金山云（03896）早盘股价上涨7.86%，报7港元，成交额3.10亿港元。 近期，谷歌云、亚马逊AWS等云服务商相继涨价。华创证券认为，云厂商涨价与AI开支扩张共同重塑 AIDC产业逻辑。涨价潮提升算力资产回报预期，需求爆发则抬升产业规模天花板，推动AIDC从重资产 行业升级为具备高壁垒、高确定性的核心基础设施赛道。具备技术迭代能力、资源整合效率的头部厂商 有望持续受益于结构性红利。 金山云（03896）早盘股价上涨7.86%，报7港元，成交额3.10亿港元。 近期，谷歌云、亚马逊AWS等云服务商相继涨价。华创证券认 ...

Group 1 - The Hong Kong stock market saw a collective rise in AI application stocks, with notable increases such as Zhiyu up over 11% and Reading Group up 8% [1] - Other companies like Xiaoma Zhixing, Fubo Group, Xindong Company, and Wenyuan Zhixing experienced gains exceeding 6% [1] - The report from Kaiyuan Securities highlighted ByteDance's launch of the Seedance 2.0 video generation model on the Jiemeng platform, which has garnered significant attention and discussion within the AI industry due to its impressive performance [1] Group 2 - Zhiyu's stock rose by 11.91%, reaching a latest price of 227.400 with a total market value of 101.385 billion, marking a year-to-date increase of 95.70% [2] - Reading Group's stock increased by 8.08%, with a latest price of 37.200 and a market value of 37.999 billion, reflecting a year-to-date rise of 12.80% [2] - Xiaoma Zhixing's stock rose by 6.46%, priced at 110.400 with a market value of 47.863 billion, although it has seen a year-to-date decline of 5.88% [2]

消息面上，近期，谷歌云、亚马逊AWS等云服务商相继涨价。华创证券认为，云厂商涨价与AI开支扩 张共同重塑AIDC产业逻辑。涨价潮提升算力资产回报预期，需求爆发则抬升产业规模天花板，推动 AIDC从重资产行业升级为具备高壁垒、高确定性的核心基础设施赛道。具备技术迭代能力、资源整合 效率的头部厂商有望持续受益于结构性红利。 金山云(03896)涨超5%，截至发稿，涨5.55%，报6.86港元，成交额1.96亿港元。 野村发布研报称，金山云作为小米集团-W生态圈中唯一的人工智能云基础设施供应商，有望持续受惠 于小米锐意发展大语言模型(LLM)的决心，潜在的H200晶片进口或能缓解公司在2026财年面临的短缺问 题。该行认为，公司受惠于持续强劲的LLM训练需求，以及消耗更多Token的智能体等应用所带动的推 理需求增长所推动，相信今年中国AI投资周期仍在加速，相应将金山云2025至2027财年收入预测上调 1.4%至8.9%。 ...

智通财经APP获悉，金山云(03896)涨超5%，截至发稿，涨5.55%，报6.86港元，成交额1.96亿港元。 野村发布研报称，金山云作为小米集团-W生态圈中唯一的人工智能云基础设施供应商，有望持续受惠 于小米锐意发展大语言模型(LLM)的决心，潜在的H200晶片进口或能缓解公司在2026财年面临的短缺问 题。该行认为，公司受惠于持续强劲的LLM训练需求，以及消耗更多Token的智能体等应用所带动的推 理需求增长所推动，相信今年中国AI投资周期仍在加速，相应将金山云2025至2027财年收入预测上调 1.4%至8.9%。 消息面上，近期，谷歌云、亚马逊AWS等云服务商相继涨价。华创证券认为，云厂商涨价与AI开支扩 张共同重塑AIDC产业逻辑。涨价潮提升算力资产回报预期，需求爆发则抬升产业规模天花板，推动 AIDC从重资产行业升级为具备高壁垒、高确定性的核心基础设施赛道。具备技术迭代能力、资源整合 效率的头部厂商有望持续受益于结构性红利。 ...

Group 1 - The core point of the article is that Beijing Kingsoft Cloud Network Technology Co., Ltd. has obtained a patent for a method, device, and equipment for determining the cause of faults, with the patent announcement number CN115080375B and an application date of March 2021 [1] - Beijing Kingsoft Cloud Network Technology Co., Ltd. was established in 2011 and is located in Beijing, primarily engaged in internet and related services [1] - The company has a registered capital of 200 million RMB and has made investments in 14 enterprises, participated in 1,029 bidding projects, and holds 3 trademark records and 2,903 patent records [1]

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 | 截至月份: | | --- | | 2026年1月31日 | | 狀態: 新提交 | 致：香港交易及結算所有限公司 公司名稱: 金山云控股有限公司 呈交日期: 2026年2月5日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 03896 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 40,000,000,000 | USD | | 0.001 | USD | | 40,000,000 | | 增加 / 減少 (-) | | | | | | | USD | | | | 本月底結存 | | | 40,000,000,000 | USD | | 0.001 | USD | | ...

天眼查资料显示，北京金山云网络技术有限公司，成立于2011年，位于北京市，是一家以从事互联网和 相关服务为主的企业。企业注册资本20000万人民币。通过天眼查大数据分析，北京金山云网络技术有 限公司共对外投资了14家企业，参与招投标项目1027次，财产线索方面有商标信息3条，专利信息2900 条，此外企业还拥有行政许可13个。 国家知识产权局信息显示，北京金山云网络技术有限公司取得一项名为"一种热更新方法、装置及电子 设备"的专利，授权公告号CN115080097B，申请日期为2021年3月。 本文源自：市场资讯 作者：情报员 声明：市场有风险，投资需谨慎。本文为AI基于第三方数据生成，仅供参考，不构成个人投资建议。 ...

Group 1 - A-shares and Hong Kong stocks related to AI applications experienced a collective decline [1] - In the A-share market, companies such as Gravity Media (603598) hit the daily limit down, while Tian Di Online (002995), Zhi De Mai (300785), InSai Group (300781), Yi Dian Tian Xia (301171), and Sheng Guang Group (002400) saw significant declines [1] - In the Hong Kong market, Meitu Company dropped over 10%, while Zhi Pu and MINIMAX-WP fell more than 5%, with Kingsoft, Tencent Holdings, and Alibaba-W also declining [1]