| 代码 | 名称 | 主力净流入(元) | 主力净占比 游资净流入 (元) | | 游资净占比 散户净流入 (元) | | 散户净占比 | | --- | --- | --- | --- | --- | --- | --- | --- | | 601900 | 南方传媒 | 1129.99万 | 1.97% | 3282.66万 | 5.72% | -4412.66万 | -7.69% | | 603230 | 内蒙新华 | 34.11万 | 0.25% | 2218.51万 | 15.98% | -2252.62万 | -16.22% | | 000719 | 中原传媒 | 5.85万 | 0.05% | 65.91万 | 4 0.51% | -71.76万 | -0.56% | | 601019 山东出版 | | -71.93万 | -0.50% | -398.77万 | -2.75% | 470.70万 | 3.25% | | 600229 城市传媒 | | -185.38万 | -2.35% | -61.13万 | -0.77% | 246.51万 | 3.12% | | eolaaa | 出版传媒 ...

证券研究报告 | 行业点评 | 传媒 投资要点 当前时间点，从 SEO 到 GEO，搜索逻辑已发生根本性转变，互联网正从"抢 排名"的 SEO 时代进入"抢答案"的 GEO 时代，权威信息如各类官媒的重要 性，在大模型训练数据源和商业化角度上的重要性均明显提高。 信息过载与质量危机 当前时间点，AI 虚假信息数量激增，机器幻觉、信息过载、信息污染等现象， 给大模型的应用与发展带来信任危机。各国大模型开发者纷纷加大研发投入，试 图通过更大规模参数、更多训练数据来提升基础大模型的可信度。但大模型的幻 觉问题是伴随着人工智能底层技术路径与生俱来的。当前，基座大模型预训练已 进入瓶颈期，急需破解优质数据的可持续供给难题。研究公司 Epoch AI 估计， 到 2028 年，互联网上所有高质量的文本数据都将被使用完毕。 可能的解决方法，一是要引入权威的知识供应方的存量数据，包括来自书报刊出 版机构、广电组织、图书馆、档案馆等；二是要实现对传统知识共识机制的继承 与升级。 当前时间点，权威信息源在大模型训练上的重要性迅速增加 当前时间点，从 SEO 到 GEO，搜索逻辑已发生根本性转变，互联网正从"抢排 名"的 SEO ...

Core Viewpoint - The recent surge in A-share stocks related to GEO (Generative Engine Optimization) and AI applications has prompted multiple companies to issue warnings about potential trading risks in the secondary market [1][5][6]. Group 1: Company Announcements - Several companies, including Aowei New Materials, Zhaoyi Information, and Tianlong Group, have announced that their stock prices have significantly deviated from their fundamentals, with some considering applying for trading suspensions if prices continue to rise [1][2][3]. - Aowei New Materials reported a cumulative stock price increase of over 100% since July 2025, indicating a serious disconnection from its current fundamentals [1]. - Zhaoyi Information's stock price increased by over 100% during the period from December 30, 2025, to January 14, 2026, and the company may apply for a trading suspension if prices continue to rise [2]. Group 2: Business Operations and Financial Impact - Aowei New Materials stated that its AI-related business has not yet achieved mass production or revenue generation, and significant future investments are required, which are not expected to positively impact the 2025 financial results [1]. - Zhaoyi Information clarified that its AI programming products are still in the market introduction phase and have not formed a scalable product system, with potential risks in technology iteration and commercialization [2]. - Other companies, such as Light Cloud Technology and Gravity Media, also reported that their stock prices have deviated significantly from their fundamentals, with Light Cloud Technology indicating that its AI-related products contribute a small portion of its revenue [3][4]. Group 3: Market Sentiment and Trading Risks - Companies like Yidian Tianxia and BlueFocus have highlighted the risks of irrational trading behavior and market sentiment overheating, with Yidian Tianxia noting that its stock price had deviated by over 100% during the specified period [5][6]. - The overall market sentiment around AI and GEO concepts has led to significant stock price increases, with some companies warning of the potential for rapid declines if prices continue to rise [4][5]. - Companies such as Nankai Media and Zhejiang Wenlian have also acknowledged the heightened trading risks associated with their stocks, emphasizing that their core businesses have not changed significantly despite the stock price fluctuations [9][10].

证券日报网讯 1月14日，南方传媒发布公告称，南方出版传媒股份有限公司（以下简称"公司"）股票于 2026 年 1 月12 日、1 月 13 日、1 月 14 日连续三个交易日收盘价格涨幅偏离值累计超过 20%，属于股 票交易异常波动情形。2026 年 1 月 14 日，公司股票换手率为 8.70%，高于日常换手率。经公司自查并 向控股股东及实际控制人核实，公司不存在应披露而未披露的重大信息。 （文章来源：证券日报） ...

证券代码：601900 证券简称：南方传媒 公告编号：临 2026-001 南方出版传媒股份有限公司 股票交易异常波动公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈 述或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 一、股票交易异常波动的具体情况 公司股票于 2026 年 1 月 12 日、1 月 13 日、1 月 14 日连续三个交易日内收 盘价格涨幅偏离值累计超过 20%，根据《上海证券交易所交易规则》的规定，公 司股票交易属于异常波动。 二、公司关注并核实的相关情况 根据上海证券交易所相关规定，公司对相关问题进行了必要核实。现说明如 下： （一）生产经营情况 公司主营业务为出版、发行、印刷、报媒等业务，经公司自查，公司目前日 常经营情况正常，未发生重大变化。 （二）重大事项情况 经公司自查，并向公司控股股东及实际控制人广东省出版集团有限公司书面 1 南方出版传媒股份有限公司（以下简称"公司"）股票于 2026 年 1 月 12 日、1 月 13 日、1 月 14 日连续三个交易日收盘价格涨幅偏离值累计 超过 20%，属于股票交易异常波动情形。202 ...

作为你公司的控股股东及实际控制人,本公司不存在影 响南方传媒股票交易价格异常波动的重大事宜;不存在其他 应披露而未披露的重大信息,包括但不限于重大资产重组、 发行股份、上市公司收购、债务重组、业务重组、资产剥离 和资产注入等重大事项。 此复。 品公司 H H 版 2026年1星1 关于对《南方出版传媒股份有限公司股票交 易异常波动的问询函》的复函 南方出版传媒股份有限公司: 你公司《关于南方出版传媒股份有限公司股票交易异常 波动的问询函》已收悉,本公司认真自查,现回复如下: ...

格隆汇1月14日｜南方传媒（维权）发布异动公告，公司股票于2026年1月12日、1月13日、1月14日连续 三个交易日收盘价格涨幅偏离值累计超过20%，属于股票交易异常波动情形。2026年1月14日，公司股 票换手率为8.70%，高于日常换手率。公司主营业务为出版、发行、印刷、报媒等业务，经公司自查， 公司目前日常经营情况正常，未发生重大变化。经公司自查，公司未发现可能对公司股票交易价格产生 重大影响的媒体报道等情形，不存在其他应披露而未披露的重大信息。 ...

南方传媒公告称，公司股票于2026年1月12 - 14日连续三个交易日收盘价格涨幅偏离值累计超20%，属 于异常波动，1月14日换手率8.70%，高于日常。经自查及向控股股东、实控人核实，公司日常经营正 常，不存在应披露未披露重大信息，董事等相关人员在异常波动期间无买卖公司股票情况。近期公司股 价涨幅大，2026年1月14日收盘价较1月9日涨20.66%，提醒投资者注意风险。 ...

共69只个股出现了机构的身影。 盘后数据显示，1月14日龙虎榜中，共69只个股出现了机构的身影，有50只股票呈现机构净买入，19只 股票呈现机构净卖出。 当天机构净买入前三的股票分别是光迅科技、利欧股份、中国卫通，净买入金额分别是5.16亿元、3.97 亿元、3.46亿元。 当天机构净卖出前三的股票分别是南方传媒、岩山科技、浙文互联，净流出金额分别是2.55亿元、2.23 亿元、1.6亿元。 | | 吃虎榜 1.14 | | | --- | --- | --- | | 证券简称 | 目涨跌幅 | 机构净买入(万元) | | 光迅科技 | 10.00% | 51578.19 | | 利欧股份 | 9.97% | 39662.88 | | 中国卫通 | -10.00% | 34609.85 | | 佳缘科技 | 20.00% | 29838.52 | | 醬藏医药 | -7.46% | 19082.63 | | 石基信息 | 9.97% | 15894.15 | | 陕西旅游 | -2.97% | 13939.55 | | 捷顺科技 | 9.99% | 13841.48 | | 山子高科 | 10.10% | 1 ...

Investment Rating - The report maintains a "Buy" rating for the media industry, indicating a positive outlook for the sector [7][11]. Core Insights - The media industry (Shenwan) saw a significant increase of 13.10% from January 5 to January 11, 2026, outperforming the major indices [14][17]. - Key segments within the industry performed well, with advertising and marketing up 19.17%, television broadcasting up 15.15%, and gaming up 13.14% [14][17]. - The report highlights strong individual stock performances, particularly for companies like Inertia Media and BlueFocus, which saw increases of 52.62% and 49.13% respectively [17][18]. Industry Performance Summary Market Performance - The media industry outperformed the major indices, with the Shanghai Composite Index rising 3.82% and the Shenzhen Component Index rising 4.40% during the same period [14][16]. - The advertising and marketing sector led the gains, followed by television broadcasting and gaming [14][16]. Key Data and Updates AI Applications - AI product rankings showed significant growth, with Gemini and DeepSeek increasing by 28% and 30% respectively [19][20]. - OpenRouter's weekly token usage rose by 15%, indicating a growing demand for AI applications [19][20]. Gaming - The top five mobile games on iOS as of January 10, 2026, included "Honor of Kings" and "Peacekeeper Elite" [23][25]. - New game releases are anticipated, including Tencent's "Counter-Strike: Future" on January 13, 2026 [27][26]. Film and Television - Domestic box office revenue reached 362 million yuan during the week of January 5-11, 2026, with "Hidden Kill" leading the charts [29][30]. - Seven new films are set to be released from January 12 to January 18, 2026 [30][31]. Investment Recommendations - The report recommends focusing on themes such as AI applications and cultural exports, with specific attention to gaming, IP, short dramas, marketing, and publishing sectors [5][34]. - Notable companies to watch include Giant Network, Perfect World, and Kuaishou, all rated as "Buy" [5][34].