（文章来源：每日经济新闻） 每经AI快讯，2月20日，纳斯达克中国金龙指数跌超1%，哔哩哔哩跌4.72%，百度跌4.22%，世纪互联 跌4.10%，携程跌3.96%，小鹏汽车跌2.79%。 ...

来源：芝麻AI 1、港股午评：恒指收跌0.61% AI应用、机器人概念股逆势走强 春节假期过后，港股今日迎来马年首个交易日，恒指、恒科指数低开。截至收盘，恒指早盘收跌 0.61%，科指早盘收跌2.28%，恒指大市成交额917.55亿港元。盘面上，石油、人工智能、机器人概念股 逆势走强，影视娱乐、互联网医疗、线上零售及明星科网股走势疲弱。个股方面，智谱(02513.HK)大涨 19.09%，MINIMAX-WP(00100.HK)涨10.04%，中国石油股份(00857.HK)涨4.58%，百度(09888.HK)跌 5.67%，阿里巴巴(09988.HK)跌3.75%，哔哩哔哩(09626.HK)跌5.12%。 2、伊朗致信联合国：不寻求战争 若遭军事侵略将反击 央视记者当地时间19日获悉，伊朗致信联合国秘书长和联合国安理会。伊方在信中表示，伊朗不寻 求紧张局势或战争，也不会主动挑起战争，并称美国总统特朗普的言论表明了"军事侵略的真正风险"。 信中称，如遭军事侵略，伊朗将予以回应，该地区所有"敌对势力"的基地、设施和资产都将成为合法打 击目标。（央视新闻） 3、报道：特朗普正考虑对伊朗发动首轮有限军事打击，迫 ...

春节假期过后，港股今日迎来马年首个交易日，恒指、恒科指数低开。截至收盘，恒指早盘收跌 0.61%，科指早盘收跌2.28%，恒指大市成交额917.55亿港元。盘面上，石油、人工智能、机器人概念股 逆势走强，影视娱乐、互联网医疗、线上零售及明星科网股走势疲弱。个股方面，智谱(02513.HK)大涨 19.09%，MINIMAX-WP(00100.HK)涨10.04%，中国石油股份(00857.HK)涨4.58%，百度(09888.HK)跌 5.67%，阿里巴巴(09988.HK)跌3.75%，哔哩哔哩(09626.HK)跌5.12%。 来源：滚动播报 ...

Group 1 - The Hang Seng Index opened down by 0.18% [1] - The Hang Seng Tech Index decreased by 0.69% [1] - Bilibili fell nearly 4% [1] - Baidu declined by nearly 3% [1] - Alibaba dropped over 3% [1]

Core Insights - The article highlights the significant audience engagement and viewership growth for "YAO-Chinese Folktales 2," an animated anthology produced by Shanghai Film Infinity and its partners, indicating a successful continuation of the franchise [1][2]. Audience Engagement - Since its release on January 1, the series has achieved over 65.22 million cumulative views on Bilibili and gained more than 6.75 million followers, showcasing sustained user growth and viewing momentum beyond the initial launch [2]. - Viewership trends indicate a steady increase in daily traffic rather than a temporary spike, with active engagement metrics such as comments and user-generated content remaining consistent throughout the release cycle [3]. Franchise Performance - The nine-episode format has encouraged repeat viewership, fostering ongoing discussions and enhancing digital visibility, while the franchise builds on the success of its first season, which received international recognition [4]. - The franchise previously expanded into feature-length animation with "Nobody," which grossed RMB 1.719 billion at the mainland China box office, demonstrating the IP's resilience and long-term commercial potential [6]. Creative Strategy - The anthology draws inspiration from classical Chinese literature and mythology, reinterpreted through modern animation techniques, which has contributed to sustained audience interest and engagement [7][8]. Future Outlook - Shanghai Film Infinity plans to continue expanding the "YAO-Chinese Folktales" IP through diversified content development and international outreach, viewing the current performance as a sign of sustained demand for premium short-form animation content [9].

Core Viewpoint - The article discusses the integration of AI technology and embodied intelligence into mainstream culture during the 2026 New Year's Eve, highlighting the need for technology companies to maintain engagement beyond initial exposure during the Spring Festival Gala [1][4]. Group 1: AI and Embodied Intelligence Engagement - The Spring Festival Gala served as a peak moment for AI and robotics, but companies are anxious about sustaining interest beyond the event [4][5]. - Following the gala, tech companies are actively seeking to extend discussions and maintain engagement through online platforms, particularly Bilibili [6][7]. - Bilibili is emerging as a key platform for AI and robotics discussions, capitalizing on the momentum generated during the Spring Festival [8][30]. Group 2: Bilibili's Role in AI and Robotics - Bilibili's collaboration with the Spring Festival Gala has deepened, with the platform becoming the exclusive bullet screen video platform for the event [33]. - The platform has a unique ecosystem that fosters discussions around AI and robotics, making it a prime location for brands to engage with a tech-savvy audience [37][39]. - Data indicates that Bilibili has a high concentration of users interested in AI, with nearly 100,000 active creators related to AI content each month [38][39]. Group 3: User Engagement and Content Creation - The introduction of "interest rooms" on Bilibili allows for more targeted engagement, facilitating a smoother transition from awareness to deeper understanding of AI and robotics [62][63]. - Users are encouraged to interact with content, leading to a more engaged community that discusses, creates, and shares AI-related content [60][64]. - The active bullet screen culture on Bilibili enhances the information density of tech discussions, making it a unique platform for real-time feedback and interaction [52]. Group 4: Long-term Strategy for Brands - Companies like Songyan Power, Yuanbao, and Yushu Technology are not just marketing for the Spring Festival but are strategically positioning themselves for long-term brand recognition and user engagement [69][70]. - The article emphasizes the importance of finding the right community to sustain interest and deepen user understanding of AI and robotics post-exposure [70][71]. - The future of human-machine coexistence will depend on who can effectively engage the most receptive and innovative audience [68].

Key Points - Tencent Holdings (00700), Yingfu Fund (02800), and Shandong Gold (01787) ranked the top three in net inflow of southbound funds, with net inflows of 736 million, 423 million, and 393 million respectively [1] - Alibaba-W (09988), SMIC (00981), and Hua Hong Semiconductor (01347) ranked the top three in net outflow of southbound funds, with net outflows of -524 million, -391 million, and -199 million respectively [1] - In terms of net inflow ratio, Nanhua Futures (02691), Southern East Select (03441), and Oculent (00501) led the market with ratios of 70.54%, 59.14%, and 56.33% respectively [1] - In terms of net outflow ratio, Zhengzhou Bank (06196), China Energy Construction (03996), and Hongye Futures (03678) had the highest ratios at -50.51%, -49.70%, and -48.03% respectively [1] Top 10 Net Inflow Stocks - Tencent Holdings (00700) had a net inflow of 736 million with a net inflow ratio of 5.67% and a closing price of 548.000 [2] - Yingfu Fund (02800) recorded a net inflow of 423 million with a net inflow ratio of 5.13% and a closing price of 27.480 [2] - Shandong Gold (01787) saw a net inflow of 393 million with a net inflow ratio of 31.27% and a closing price of 40.180 [2] - Bilibili-W (09626) had a net inflow of 335 million with a net inflow ratio of 27.53% and a closing price of 252.800 [2] - China National Offshore Oil Corporation (00883) recorded a net inflow of 301 million with a net inflow ratio of 22.88% and a closing price of 24.800 [2] Top 10 Net Outflow Stocks - Alibaba-W (09988) experienced a net outflow of -524 million with a net outflow ratio of -6.30% and a closing price of 160.100 [2] - SMIC (00981) had a net outflow of -391 million with a net outflow ratio of -6.39% and a closing price of 70.000 [2] - Hua Hong Semiconductor (01347) recorded a net outflow of -199 million with a net outflow ratio of -15.56% and a closing price of 99.600 [2] - Changfei Optical Fiber (06869) saw a net outflow of -172 million with a net outflow ratio of -5.33% and a closing price of 107.500 [2] - WISCO (01208) had a net outflow of -168 million with a net outflow ratio of -32.19% and a closing price of 10.160 [2] Top 10 Net Inflow Ratios - Nanhua Futures (02691) had a net inflow ratio of 70.54% with a net inflow of 5.40 million and a closing price of 11.230 [3] - Southern East Select (03441) recorded a net inflow ratio of 59.14% with a net inflow of 5.74 million and a closing price of 11.650 [3] - Oculent (00501) had a net inflow ratio of 56.33% with a net inflow of 1.45 million and a closing price of 103.900 [3] Top 10 Net Outflow Ratios - Zhengzhou Bank (06196) had a net outflow ratio of -50.51% with a net outflow of -3.13 million and a closing price of 1.150 [3] - China Energy Construction (03996) recorded a net outflow ratio of -49.70% with a net outflow of -16.96 million and a closing price of 1.180 [3] - Hongye Futures (03678) had a net outflow ratio of -48.03% with a net outflow of -5.22 million and a closing price of 3.220 [3]

Core Viewpoint - Bilibili (B站) has successfully revitalized the traditional Chinese New Year atmosphere through its unique programming, attracting a significant viewership and engagement from younger audiences [1] Group 1: Programming Highlights - The Bilibili Spring Festival Gala emphasizes "reviving the New Year flavor," featuring a blend of traditional and modern elements without relying on celebrity hype [1] - The creative integration of old artists with contemporary internet language and humor has resonated well with the younger demographic, enhancing the festive experience [1] - The performance "Network Feast" by veteran artist Feng Keng and his disciples showcases a mix of nostalgia and modern slang, bridging generational gaps [1] Group 2: Unique Features - Bilibili's programming style is characterized by its creativity and spontaneity, often leading to unexpected and humorous moments that align with the platform's identity [1] - The collaboration between traditional acrobatics and New Year dinner themes in the performance "New Year's Day Feast Ranking" exemplifies innovative content creation, captivating the audience [1] - The informal and interactive atmosphere of the gala, marked by humor and audience engagement, contributes to its distinct "fringe feel," making it a true representation of Bilibili's culture [1]

Core Viewpoint - Bilibili Inc. stock is currently priced at $30.61, reflecting a slight decrease of 0.07% in the current market session, but has seen a significant increase of 50.42% over the past year, raising questions about its valuation despite current performance concerns [1] Group 1: Stock Performance - The stock price of Bilibili Inc. is $30.61, with a decrease of 0.07% in the current session [1] - Over the past month, Bilibili's stock has increased by 1.02% [1] - In the past year, the stock has surged by 50.42% [1] Group 2: P/E Ratio Analysis - The P/E ratio of Bilibili is 117.5, which is significantly higher than the industry average P/E ratio of 20.79 for the Interactive Media & Services sector [2][3] - A higher P/E ratio suggests that investors expect better future performance from Bilibili compared to its industry peers, but it may also indicate that the stock is overvalued [2][3] - The elevated P/E ratio could reflect investor optimism regarding future dividends and performance [2]

Group 1 - The top three companies by Hong Kong Stock Connect holding ratios are China Telecom (71.26%), Haotian International Investment (70.78%), and Green Power Environmental (68.78%) [1][2] - In the last five trading days, the companies with the largest increase in holding amounts are China National Offshore Oil (CNOOC) (+764 million), Meituan (+652 million), and Bilibili (+400 million) [1][2] - The companies with the largest decrease in holding amounts in the last five trading days are Tencent Holdings (-644 million), China Mobile (-377 million), and Alibaba-W (-351 million) [1][3] Group 2 - The latest holding ratios for the top 20 companies in Hong Kong Stock Connect show significant ownership, with China Telecom leading at 71.26% and others like Tianjin Chuangye Environmental and China Shenhua also above 66% [2] - The increase in holdings for the top 10 companies in the last five trading days indicates strong investor interest, particularly in CNOOC and Meituan, suggesting potential growth opportunities [2] - The decrease in holdings for Tencent, China Mobile, and Alibaba may indicate a shift in investor sentiment or profit-taking strategies [3]