Core Viewpoint - The AI industry is experiencing a surge in activity with major companies like ByteDance, Alibaba, and others releasing flagship models, indicating a competitive landscape and potential investment opportunities in AI applications and related sectors [3][6]. Group 1: Industry Performance - On the last trading day before the Year of the Snake, the film and media, as well as semiconductor equipment sectors, saw significant gains, with the Seedance video model index rising against the trend [4]. - Companies such as iReader Technology and Light Media reached their daily limit up, while semiconductor stocks like Deep Technology and North Huachuang also surged [4]. - In the Hong Kong market, AI leaders MiniMax and Zhiyu both saw their market values exceed HKD 200 billion [4]. Group 2: AI Model Developments - ByteDance's Seedance 2.0 model has achieved four key breakthroughs, including multi-modal input support and a significant reduction in video production costs, with costs dropping to between 4.5-9 yuan per 15-second 1080P video [6][7]. - Zhiyu AI launched its flagship model GLM-5, enhancing programming capabilities, while MiniMax introduced its new text model MiniMax M2.5 [7]. - The rapid release of flagship models in the AI sector is noted as unprecedented, with a shift towards converting technological advancements into consumer products [7]. Group 3: Market Trends and Investment Insights - The AI sector is witnessing a surge in ETF investments, with several thematic ETFs showing over 20% gains this year [6]. - Analysts caution that the current enthusiasm in the AI sector may lead to overvaluation, with some stocks already reflecting optimistic future earnings [9]. - Investment opportunities are seen in areas with high certainty, such as computing infrastructure and content production, while risks remain due to high valuations and market volatility [9][10]. Group 4: Future Outlook - The AI commercialization path is expected to focus on user subscriptions and enterprise applications, with internet tech companies poised to benefit from advertising and value-added services [10]. - Market sentiment is anticipated to improve post-Spring Festival, with analysts expressing a relatively optimistic outlook for the A-share market [10].

Core Viewpoint - The recognition of ByteDance's Seedance 2.0 has significantly boosted the stock prices of short drama concept stocks in A-shares, with Zhangyue Technology being a notable beneficiary [1][2]. Group 1: Company Performance - On February 13, Zhangyue Technology's stock price surged, achieving five consecutive trading limits, closing at 37.62 yuan, and its market capitalization rose to 16.51 billion yuan [2][16]. - The company reported a revenue of 15.26 billion yuan for the first half of 2025, with short drama and derivative businesses accounting for over half of total revenue, reaching 8.38 billion yuan [5][16]. - Zhangyue Technology is recognized as a leading player in the domestic short drama market, having produced several successful works [5][16]. Group 2: Business Model and Strategy - Zhangyue Technology's business model involves sourcing digital content from publishers, copyright agencies, and authors, and it has been rapidly expanding its short drama business since 2023 [4][16]. - The company has launched the iDrama platform for overseas short dramas, offering thousands of works in multiple languages, targeting markets such as the USA, South Korea, and Indonesia [5][16]. - The company is also exploring AI short dramas, having launched several projects, although the revenue from AI short dramas is expected to remain below 1% of its main business revenue for the 2025 fiscal year [5][17]. Group 3: Relationship with ByteDance - Zhangyue Technology has a historical connection with ByteDance, having received an investment of approximately 1.1 billion yuan from ByteDance's Quantum Leap in 2020, making it the first A-share company favored by ByteDance [3][18]. - Despite some share reductions by ByteDance, the collaboration remains strong, with significant transactions between Zhangyue Technology and ByteDance's ecosystem, amounting to 11.6 billion yuan in the first eleven months of 2025 [10][22]. - The company anticipates an increase in its reliance on ByteDance's platforms as it continues to develop its short drama business [10][14]. Group 4: Leadership and Future Outlook - Cheng Xiangjun, the founder of Zhangyue Technology, has been pivotal in navigating the company through various market challenges, including the transition to paid reading models and the recent focus on short dramas [11][25]. - The company aims to leverage the growing popularity of short dramas, especially with the integration of AI technologies, to enhance its market position and financial performance [25].

Market Overview - On February 13, the A-share market experienced a collective decline across the three major indices, with the Shanghai Composite Index falling by 1.26% to close at 4082.07 points, the Shenzhen Component Index down 1.28% to 14100.19 points, and the ChiNext Index decreasing by 1.57% to 3275.96 points [1] - The total trading volume in the Shanghai and Shenzhen markets was 199.91 billion, a decrease of 16.19 billion compared to the previous day [1] Sector Performance - The military industry sector showed strong performance, with key stocks like Yaxing Anchor Chain hitting the daily limit [1] - The semiconductor sector was active, with concepts such as photolithography machines and photolithography adhesives seeing rapid increases, exemplified by Guofeng New Materials achieving two consecutive limits in four days [1] - The paper-making sector also performed well, with Wuzhou Special Paper hitting the daily limit [1] - Conversely, the port and shipping sector saw significant declines, with China Merchants Energy and China Merchants Shipping experiencing substantial drops [1] Stock Highlights - A total of 32 stocks hit the daily limit, with five stocks achieving consecutive limits, and 11 stocks failed to maintain their limits, resulting in a limit rate of 74% (excluding ST and delisted stocks) [1] - Notable stocks included Zhangyue Technology, which achieved five consecutive limits, and Yunnan Energy Holdings, which reached three consecutive limits [1]

证券代码:603533 证券简称:掌阅科技 公告编号:2026-010 掌阅科技股份有限公司 股票交易异常波动暨风险提示公告 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： 掌阅科技股份有限公司（以下简称"公司"）股票连续两个交易日（2026 年 2 月 12 日、2026 年 2 月 13 日）内日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》的有关规定，属于股票交易异常波动情形。 截至本公告披露日，最近 10 个交易日（2026 年 2 月 2 日至 2026 年 2 月 13 日），公司股票收盘价累计涨幅 52.31%；近 10 个交易日（2026 年 2 月 2 日 至 2026 年 2 月 13 日）公司股票换手率由 5.11%提升至 15.12%，高于日常换手率。 公司股价短期上涨幅度较大，存在公司股票短期上涨过快可能出现下跌的风险。 业绩预亏风险。经公司财务部门初步测算，预计 2025 年年度实现归属于 上市公司股东的净利润约为-19,506.33 万元，预计 2025 年年 ...

股票上市地点：上海证券交易所 股票简称：掌阅科技 股票代码：603533 信息披露义务人声明 一、本报告书依据《中华人民共和国证券法》、《上市公司收购管理办法》、 《公开发行证券的公司信息披露内容与格式准则第 15 号―权益变动报告书》及 相关法律、法规和规范性文件编写。 掌阅科技股份有限公司 简式权益变动报告书 上市公司名称：掌阅科技股份有限公司 信息披露义务人：北京量子跃动科技有限公司 注册地址：北京市海淀区紫金数码园 4 号楼 15 层 1503 通讯地址：北京市海淀区北三环西路甲 18 号院大钟寺广场 C 座 1 号 楼 股份变动性质：减持 签署日期：2026 年 2 月 13 日 1 二、信息披露义务人签署本报告书已获得必要的授权和批准，其履行义务亦 不违反任何法律法规及内部规范性文件。 三、依据《中华人民共和国证券法》、《上市公司收购管理办法》的规定，本 权益变动报告书已全面披露了信息披露义务人在掌阅科技股份有限公司中拥有 权益的股份变动情况。 截至本报告书签署日，除本报告书披露的信息外，信息披露义务人没有通过 任何其他方式增加或减少其在掌阅科技股份有限公司中拥有权益的股份。 四、本次权益变动是根 ...

证券代码：603533 证券简称：掌阅科技 公告编号：2026-009 掌阅科技股份有限公司 关于持股 5%以上股东权益变动触及 5%刻度 的提示性公告 掌阅科技股份有限公司（以下简称"公司"）持股 5%以上的股东北京量子跃动科 技有限公司（以下简称"量子跃动"）保证向本公司提供的信息真实、准确、完整，没 有虚假记载、误导性陈述或重大遗漏。 本公司董事会及全体董事保证公告内容与信息披露义务人提供的信息一致。 重要内容提示： | 权益变动方向 | 比例增加□ | 比例减少 | | --- | --- | --- | | 权益变动前合计比例 | 6.23% | | | 权益变动后合计比例 | 4.999978% | | | 本次变动是否违反已作出的承诺、意向、计划 | 是□ 否 | | | 是否触发强制要约收购义务 | 是□ 否 | | 一、信息披露义务人及其一致行动人的基本信息 信息披露义务人名称 投资者身份 统一社会信用代码 北京量子跃动科技有 限公司 □ 控股股东/实控人 □ 控股股东/实控人的一 致行动人 其他直接持股股东 91110108MA01D6G158 □ 不适用 3、一致行动人信息 上述信 ...

关于《掌阅科技股份有限公司股票交易异常波动问询函》的 回复 掌阅科技股份有限公司： 本人于 2026 年 2 月 13 日收到贵公司发来的关于《掌阅科技股份有限公司股 票交易异常波动问询函》，经本人自查确认，现回复如下： 一、截至目前，除了已公开披露的信息外，本人不存在影响公司股票交易异 常波动的重大事项，包括但不限于重大资产重组、股份发行、重大交易类事项、 业务重组、股份回购、股权激励、破产重整、重大业务合作、引进战略投资者、 媒体报道或者市场传闻等事项。 二、在掌阅科技股份有限公司本次股票交易异常波动期间，本人不存在买卖 公司股票的情形。 控股股东、实际控制人：成湘均 2026 年 2 月 13 日 ...

格隆汇2月13日｜掌阅科技公告，股东北京量子跃动科技于2025年11月4日至2026年2月12日期间通过集 中竞价方式减持公司股份541.25万股，占公司总股本的1.23%。权益变动前，量子跃动持股比例为 6.23%；变动后，持股比例降至4.999978%。本次权益变动不违反已作出的承诺、意向、计划，不触发 强制要约收购义务，不会导致公司控股股东及实际控制人发生变化，不会影响公司正常运营。 ...

每经AI快讯，2月13日，掌阅科技（603533）(603533.SH)公告称，量子跃动于2025年11月4日至2026年2 月12日期间通过集中竞价方式减持公司股份541.25万股，占公司总股本的1.23%，其中于2026年2月9日 至2026年2月12日减持431.25万股。减持后，量子跃动持有公司股份2194.47万股，持股比例由6.23%减 少至4.999978%。 ...

Core Viewpoint - The stock of the company experienced significant volatility, with a cumulative price increase of 52.31% over the last 10 trading days, leading to an abnormal fluctuation notification [1] Group 1: Stock Performance - The stock price increased by over 20% over two consecutive trading days from February 12 to 13, indicating abnormal market activity [1] - The trading volume, as measured by turnover rate, rose from 5.11% to 15.12% during this period [1] Group 2: Financial Projections - The company anticipates a net profit attributable to shareholders of approximately -195.06 million yuan for 2025, with a non-recurring net profit expected to be around -212.28 million yuan [1] - Revenue from the company's AI short drama business is projected to not exceed 1% of its main business revenue for the year 2025 [1] Group 3: Shareholder Activity - On February 12, 2026, the shareholder Quantum Leap reduced its holdings by 5,412,500 shares, representing 1.23% of the total share capital, bringing its ownership down to 4.999978% [1] - The reduction plan by the shareholder remains incomplete [1]