Core Viewpoint - The A-share technology sector is experiencing fluctuations, particularly in AI applications, AI agents, and internet e-commerce, with notable adjustments in stock performance [1] Group 1: Market Performance - The largest AI ETF in the Shanghai market, AI ETF (515070), saw a decline of 0.84% during trading, while its constituent stocks like 360 increased by over 4% [1] - Stocks such as Deepin Technology, iFlytek, and Lianqi Technology showed significant gains, whereas companies like Zhongke Xingtou and Yonyou Network faced notable declines [1] Group 2: AI Developments - Google has launched a new AI model, "MedGemma 1.5 4B," designed for medical applications, which features improved accuracy compared to its predecessor and can operate locally [1] - The model is capable of reading and analyzing medical records in both text and image formats, providing reasoning capabilities [1] Group 3: Industry Insights - Xiangcai Securities highlights that the acceleration of AI application commercialization is a key driver for sustained demand for computing power [1] - The growth in demand is attributed to the commercialization efforts of overseas giants like OpenAI and the rapid evolution of domestic large model capabilities [1] - A breakthrough in domestic computing power capacity is expected by 2026, with growth opportunities in advanced manufacturing processes and key components like liquid cooling and optical modules [1] Group 4: ETF Composition - The AI ETF (515070) tracks the CS AI Theme Index (930713), selecting stocks that provide technology, foundational resources, and applications in the AI sector [2] - The top ten weighted stocks include leading domestic technology firms such as Zhongji Xuchuang, Xinyi Sheng, and Cambricon Technologies [2]

1月16日，三六零跌5%，截至发稿，报13.11元/股，成交50.01亿元，换手率5.32%，总市值917.64亿元。 招商中证全指软件ETF（159899）成立日期2021年6月18日，最新规模4.02亿。今年以来收益19.3%，同 类排名63/5531；近一年收益45.75%，同类排名1611/4215；成立以来收益7.1%。 招商中证全指软件ETF（159899）基金经理为廖裕舟。 截至发稿，廖裕舟累计任职时间3年163天，现任基金资产总规模17.36亿元，任职期间最佳基金回报 32.72%， 任职期间最差基金回报-33.44%。 风险提示：市场有风险，投资需谨慎。本文为AI大模型自动发布，任何在本文出现的信息（包括但不 限于个股、评论、预测、图表、指标、理论、任何形式的表述等）均只作为参考，不构成个人投资建 议。 责任编辑：小浪快报 资料显示，三六零安全科技股份有限公司位于北京市朝阳区酒仙桥路6号院2号楼A座，成立日期1992年 6月20日，上市日期2012年1月16日，公司主营业务涉及互联网安全技术的研发、互联网安全产品的设 计、研发、推广,以及基于互联网安全产品的互联网广告及服务、互联网增值服务、 ...

Core Insights - The event highlighted the structural contradiction in China's talent market, where there is a significant talent gap in AI and cybersecurity, with a projected shortage of over 3.27 million cybersecurity professionals and more than 5 million AI professionals by 2025, leading to a supply-demand ratio of 1:10 [3] - The traditional education system is identified as a key factor contributing to this talent mismatch, with six major constraints including outdated curriculum, traditional teaching methods, insufficient faculty, a singular evaluation system, lack of real-world scenarios, and poor supply-demand alignment [3] - 360 Digital Security Group introduced an AI education comprehensive solution aimed at bridging the gap between education and industry, focusing on three dimensions: educational informatization and intelligence, talent cultivation and industry-education integration, and urban talent training centers [3][4] Educational Informatization and Intelligence - 360 focuses on six typical scenarios: AI teaching assistants, AI learning aids, AI management, AI examination, AI research, and AI services, developing products like intelligence public opinion models and AI knowledge bases to enhance educational quality [4] - The company proposes an innovative "model governance" concept to address new security risks arising from AI applications, ensuring a secure transition from informatization to intelligent education [4] Talent Cultivation and Industry-Education Integration - 360 aims to co-build "AI + Industry Colleges," providing comprehensive services from curriculum development to skills certification, allowing students to gain practical experience in real industry settings [4] - The establishment of urban talent training centers is planned to create unified standards and certification systems for AI and cybersecurity talent, facilitating smoother talent flow between industries and educational institutions [4] ADE Certification System - The newly launched Artificial Intelligence Engineer Certification System (ADE) serves as a critical component of the AI education solution, focusing on aligning with industry needs and enhancing employability [5] - The ADE system offers tiered empowerment for students and professionals, aiming to strengthen foundational technical skills for students and upgrade the software application capabilities of existing professionals [5] - The certification has become a key reference for talent recruitment within 360, establishing it as a preferred qualification for both campus and social recruitment [5] Overall Impact - The initiatives by 360 are positioned as a response to the dual challenges of high unemployment among graduates and recruitment difficulties faced by companies, aiming to create a win-win situation for education quality, precise employment, and rapid industrial development [6]

Group 1 - The software leading ETF (159899) has seen a net inflow of funds for three consecutive trading days, accumulating a total scale of 290 million yuan [1] - This ETF closely tracks the CSI Software Index, covering leading companies in various segments such as basic software, application software, and industrial software, with AI application-related concepts accounting for 35% of its weight [1][2] - The top ten holdings in the index include companies like Tuowei Information and Kingsoft Office, which are expected to benefit from the industry boom driven by AI technology [1] Group 2 - The AI application sector is experiencing a new wave of technological breakthroughs and ecosystem construction, highlighted by the launch of new features in the Qianwen APP, which has surpassed 10 million monthly active users within two months of its launch [2] - Ant Group has also introduced a new product called "Wuli," further expanding the AI application ecosystem [2] - Policy support is evident, with recent publications emphasizing the importance of application-driven development in the AI industry, and successful AI implementations in regulatory systems showcasing its potential in governance [3] Group 3 - Significant progress in technological self-innovation is marked by the collaboration between Zhipu and Huawei to open-source the first multi-modal SOTA model trained on domestic chips, indicating a breakthrough in AI infrastructure [3] - Market analysis suggests a shift in algorithm mechanisms from pursuing "traffic" to building "trust," which may lead to a systematic re-evaluation of content value from official media and professional publishing companies [3] - As domestic large models penetrate multiple scenarios, the AI application sector is entering a phase of accelerated industrialization [3]

今日（1.14），A股软件持续火热，软件50ETF（159590）暴涨超5%，资金快速涌入，两日大举揽金超2.7亿元！ 注：成分股数据仅做展示，不作为个股推介。 近期AI产业热度持续攀升，从资本、应用到技术层面均迎来关键进展：1月8日至9日，智谱与MiniMax两家头部通用大模型企业先后登陆港交所，上市 后表现强劲，印证了资本市场对AI赛道的高度认可；与此同时，火山引擎官宣成为2026年总台春晚独家AI云合作伙伴，字节跳动旗下智能助手豆包也将 同步推出多元互动玩法，标志着大厂AI产品从技术探索阶段迈入国民级场景落地的新阶段；此外，DeepSeek计划于2月中旬推出最新旗舰模型V4，据内 部测试显示，其在代码生成领域的表现已超越Anthropic Claude、OpenAI GPT等主流模型，将进一步推动全球AI技术的迭代升级。 在产业层面，人工智能的应用正加快从概念走向实践。首先，AI for Science 正被广泛视为继实验、理论、计算和数据驱动之后的第五种科研范式；其 次，GEO（生成式引擎优化）兴起，强调在大模型输出中优先引用高质量内容；此外，AI与医疗健康的融合持续深化——近期，OpenAI 推出健 ...

AI 应用主升浪，买哪些公司？20260112 摘要 AI 应用行情持续向好：受益于大模型新动态及板块前期调整，计算机板 块在 2 月上涨概率高，建议加仓 AI 算力，目前仓位较低。 合合信息多维成长：从 OCR 公司转型为多模态公司，海外市场表现良好， 全球月活跃用户约 1.89 亿，海外收入贡献逐季加速，PS（市销率）相 对较低，增长空间大，坚定推荐。 卓翼信息定位 AI Q 点赛道：全球 Talkies 总消耗量中，AI Q 点占据 50%的比例，是用户活跃度最高的细分领域，公司股权激励显示出对相 关业务发展的强烈信心，坚定看好。 金山办公估值弹性：当前估值处于历史底部分位值附近，AI 月活跃用户 已达 5,000 万以上，第三季度业绩呈现明显拐点加速趋势，是需要重点 配置的重要标的。 汉得信息 AI 落地能力强：与火山系紧密合作，在大型国央企和特大型企 业中的 AI 落地需求反应迅速，订单获取能力强，业绩稳定性强，市场认 可度高，未来成长性和股票表现值得看好。 Q&A 计算机行业近期表现如何？AI 应用的持续性和投资机会如何？ 上一周，整个计算机行业表现突出，指数上涨了 8.49%，成交量显著增加，市 ...

Group 1 - The Zhipu AI concept index rose by 9.00%, ranking fourth among concept sectors, with 66 stocks increasing in value [1] - Notable stocks within the Zhipu AI sector include BlueFocus, Daily Interaction, and Hand Information, which reached a 20% limit up, while other stocks like People's Daily and Guomai Culture also hit the limit up [1] - The top gainers in the sector were Hand Information, which saw a net inflow of 8.28 billion yuan, followed by 360 and Daily Interaction with net inflows of 7.12 billion yuan and 3.68 billion yuan respectively [2][3] Group 2 - The Zhipu AI sector experienced a net capital inflow of 46.25 billion yuan today, with 51 stocks receiving net inflows, and 13 stocks exceeding 1 billion yuan in net inflow [2] - The leading stocks by net inflow ratio included Visual China, People's Daily, and Guomai Culture, with net inflow ratios of 48.00%, 41.37%, and 19.00% respectively [3] - The stock with the highest turnover rate was Hand Information at 27.66%, followed by Daily Interaction at 30.75% [3][4]

Group 1 - The ChatGPT concept stock increased by 7.96%, ranking 8th among concept sectors, with 135 stocks rising, including notable gainers like Fushi Holdings and Tuorisi, which hit the 20% limit up [1] - The top gainers in the ChatGPT sector included Dingjie Zhizhi, Xinzhiyuan Software, and Hongbo Medicine, with increases of 16.78%, 15.09%, and 14.69% respectively [1] - The sector saw a net inflow of 10.553 billion yuan, with 91 stocks receiving net inflows, and 30 stocks exceeding 100 million yuan in net inflow, led by Sichuan Changhong with 1.139 billion yuan [2][3] Group 2 - The top stocks by net inflow ratio included Liou Co., Tongda Hai, and Sichuan Changhong, with net inflow ratios of 65.15%, 35.85%, and 28.48% respectively [3] - The ChatGPT concept stocks with significant trading volumes included Sichuan Changhong, Tuorisi, and Keda Xunfei, with trading volumes of 1.138 billion yuan, 781.24 million yuan, and 760.76 million yuan respectively [3][4] - Other notable stocks in the ChatGPT sector included Youyou Network and Zhongwen Online, which also experienced significant price increases of 10.03% and 20.00% respectively [4][5]

Market Overview - The Shanghai Composite Index rose by 1.09% on January 12, with 28 out of the 31 sectors experiencing gains, led by the Media and Computer sectors, which increased by 7.80% and 7.26% respectively [1] - The sectors that saw declines included Oil & Petrochemicals, Coal, and Real Estate, with decreases of 1.00%, 0.47%, and 0.29% respectively [1] Capital Flow Analysis - The net outflow of capital from the two markets was 27.468 billion yuan, with 11 sectors experiencing net inflows [1] - The Computer sector had the highest net inflow of capital, amounting to 15.774 billion yuan, while the Media sector followed with a net inflow of 5.391 billion yuan [1] Computer Sector Performance - The Computer sector saw a significant increase of 7.26%, with 321 out of 336 stocks in the sector rising, including 31 stocks hitting the daily limit [2] - The top stocks in terms of net capital inflow included Yanshan Technology with 1.485 billion yuan, China Great Wall with 978 million yuan, and Hand Information with 828 million yuan [2] Capital Inflow and Outflow Rankings - The top stocks by capital inflow in the Computer sector included: - Yanshan Technology: +10.05%, turnover rate 16.63%, capital flow 1.484 billion yuan - China Great Wall: +9.99%, turnover rate 3.88%, capital flow 978 million yuan - Hand Information: +20.01%, turnover rate 27.66%, capital flow 828 million yuan [2] - The top stocks by capital outflow included: - Huasheng Tiancai: -4.10%, turnover rate 34.38%, capital flow -1.186 billion yuan - Dawi Technology: -6.50%, turnover rate 35.33%, capital flow -442 million yuan - Aerospace Information: -6.22%, turnover rate 10.60%, capital flow -204 million yuan [4]

Core Viewpoint - The AI application sector has experienced a significant surge, with companies like 360 (601360.SH) hitting a new high and strong market performance driven by recent developments in the AI industry [1] Group 1: Company Performance - 360 (601360.SH) has seen a strong performance, closing at 13.15 yuan, marking a new high in one and a half months, with a total market capitalization of 934.44 billion yuan [1] Group 2: Industry Developments - Recent AI industry dynamics include overseas financing rounds for xAI and Anthropic, as well as the introduction of domestic policies promoting "AI + manufacturing" [1] - The stock market has reacted positively to the listings of large model companies like Zhiyu and MiniMax in Hong Kong, which have seen significant price increases [1] - The upcoming launch of DeepSeek-V4 is anticipated to trigger a new wave of enthusiasm in AI applications [1]