经济观察网优刻得-W(688158)于2月12日以20.01%的涨幅涨停，收盘价报45.05元，成交额45.18亿元， 换手率25.59%。该股已连续4日上涨，区间累计涨幅达31.42%。 股价异动原因 公司于2月11日发布公告，宣布因全球供应链波动导致基础设施成本显著上涨，自2026年3月1日起对全 线云产品与服务实施价格上浮调整。这一消息直接刺激市场对盈利改善的预期。当日液冷服务器、算力 租赁等概念板块走强，优刻得作为算力概念股受到资金追捧。2月11日主力资金净流入2.27亿元，显示 机构资金短期积极参与。 公司基本面 以上内容基于公开资料整理，不构成投资建议。 根据1月19日发布的业绩预告，公司2025年预计净利润亏损收窄至7200万-8700万元，主要因智算产品收 入增长及毛利率提升。但当前市盈率为-129.14倍，扣非净利润仍为负值，基本面尚未完全扭转。股价 近期快速上涨后，市净率达8.54倍，显著高于行业平均水平；且2月12日换手率超25%，筹码松动风险 需关注。云计算行业竞争激烈，公司虽提价转移成本，但长期需观察客户接受度及供应链稳定性。 行业板块情况 短期市场情绪受节前资金面影响，2月12日为 ...

【国产替代之光，科创自立自强】 2月12日午后，字节跳动产业链权重占比超29%的科创人工智能ETF华宝（589520）继续拉升，场内涨幅盘中上探3.57%，现涨3.42%，盘中收复20日均线， 截至当前，已收复全部均线。 成份股方面，优刻得20CM涨停，晶晨股份涨超15%，芯原股份涨逾9%，威胜信息、星环科技、复旦微电、海天瑞声等个股跟涨。 | 序号 | 名称 | 涨跌幅 | | 两日图 | 申万一 -级行业 | 申万二级行业 | 申万三级行业 | 总市值 | 成交额 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | 优刻得-W | 20.01% | | | 计算机 | IT服务II | IT服务Ⅲ | 206亿 | 44.89亿 | | 2 | 脂膏胺份 | 15.69% | | | 电子 | *导体 | 数字芯片设计 | 394Z | 27.12亿 | | 3 | 芯原股份 | 9.80% | | | 电子 | 半导体 | 数字芯片设计 | 1373亿 | 45.48 Z | | 4 5 | 威胜信息 | 6.16% | ...

Core Viewpoint - The article highlights the significant performance of the Huabao AI ETF (589520), which has a weight of over 29% in the ByteDance industrial chain, and the upcoming release of major upgrades to the Doubao model by ByteDance on February 14, 2024 [1][3]. Group 1: ETF Performance - The Huabao AI ETF (589520) saw an intraday increase of 3.57%, currently up 3.42%, and has recovered all moving averages [1]. - Notable stocks within the ETF include Youke De-W, which surged by 20.01%, and other companies like Chuangliang Co. and Xinyuan Co. showing significant gains [2][4]. Group 2: ByteDance Developments - ByteDance is set to release the Doubao model 2.0, along with upgrades to the Seedance 2.0 and Seedream 5.0 models, enhancing foundational model capabilities and enterprise-level agent functionalities [2][3]. - The Seedance 2.0 video generation model has gained widespread popularity, and ByteDance plans to distribute over 100,000 tech gifts and cash red envelopes during the 2026 Spring Festival Gala [3]. Group 3: Industry Outlook - Guolian Minsheng Securities expresses optimism about AI investment opportunities, citing four dimensions of industry growth: increased capital expenditure by tech giants, the transition of AI assistants to executors, ongoing supply-demand tension in computing infrastructure, and the acceleration of AI application demand [3]. - The Huabao AI ETF focuses on the domestic AI industry chain, with significant allocations in semiconductor and software sectors, indicating a strong offensive strategy [6].

Market Overview - The Shanghai Composite Index experienced narrow fluctuations, while the Shenzhen Component and ChiNext indices saw upward movements, with the Shanghai and Shenzhen markets recording a half-day trading volume of 1.33 trillion yuan, an increase of 30.7 billion yuan from the previous trading day [1] - Over 2,700 stocks in the market rose, with notable strength in the electric grid equipment sector, where companies like Suyuan Electric and Sifang Co. reached new highs [1] - The non-ferrous metals sector remained active, with Xianglu Tungsten and Zhangyuan Tungsten achieving consecutive gains [1][7] - The CPO concept stocks surged again, with Tianfu Communication rising over 10% to set a new historical high [1] - The gas turbine concept stocks exploded, with Yingliu Co. and Changbao Co. hitting the daily limit [1] Electric Grid Equipment Sector - The electric grid equipment sector showed strong performance, with stocks like Suyuan Electric, Sifang Co., Shun Sodium Co., and Senyuan Electric hitting the daily limit [1][12] - The sector's growth is supported by a significant increase in transformer exports, which reached a record value of 64.6 billion yuan in 2025, marking a nearly 36% increase from the previous year [2][3] Non-Ferrous Metals Sector - The non-ferrous metals sector saw a notable increase, with black tungsten concentrate prices rising by 25.19% to 671,000 yuan per ton, and ammonium paratungstate prices increasing by 24.68% to 985,000 yuan per ton [7][17] - The Producer Price Index (PPI) showed a positive growth of 0.4% month-on-month in January 2026, the highest growth rate since May 2022, indicating potential price increases in the non-ferrous, electronics, and chemical industries [7] Liquid Cooling and Computing Power Rental Sector - The liquid cooling concept stocks also performed well, with companies like Chuanrun Co., Bojie Co., and Yingwei Co. hitting the daily limit [3][10] - The computing power rental sector remained active, with stocks like Dazhi Technology achieving four consecutive gains, and UCloud announcing a price increase for all cloud products and services starting March 1, 2026, due to rising costs [6][20] Media and Entertainment Sector - The media and entertainment sector faced a collective decline, with companies like Huanrui Century and Hengdian Film experiencing significant drops [1] Summary - Overall, the market continued to show a mixed trend, with the ChiNext index gaining over 1%. Technology growth stocks, particularly in electric grid equipment, liquid cooling, gas turbines, and computing power rental, led the gains, while the media and consumer sectors faced adjustments [9]

Core Viewpoint - The A-share market shows positive momentum with significant gains in various sectors, particularly in the small metals, electric grid equipment, and semiconductor industries, while the film and gaming sectors are experiencing declines [3]. Market Performance - The Shanghai Composite Index rose by 0.12% to 4137.06, while the Shenzhen Component Index increased by 0.8% to 14274.93. The ChiNext Index saw a rise of 1.18% to 3323.56, and the STAR Market Index gained 0.93% to 1804.89 [4][12]. - Over 2700 stocks in the market experienced an increase by midday [3]. Sector Highlights - The electric grid equipment sector showed strong performance, with companies like Hailianxun rising over 18% and others reaching their daily limit [4]. - The shipping sector also performed well, with China Merchants Energy hitting its daily limit and achieving a historical high [5]. - The computing power leasing sector saw significant gains, with Yuke Technology hitting its daily limit and other companies like Dazhi Technology and Capital Online also rising [5]. Trading Volume - The total trading volume in the Shanghai and Shenzhen markets exceeded 1 trillion yuan [6]. Currency Movement - The offshore RMB against the US dollar broke the 6.9 yuan mark, indicating a strengthening of the currency [8]. Stock Movements - The film and cinema sector continued to adjust, with companies like Hengdian Film and Bona Film hitting their daily limit down [9]. - AI application stocks in the Hong Kong market showed strength, with Zhiyuan rising over 11% [10].

Group 1 - The AI computing power index experienced a strong increase during the trading session on February 12, indicating a bullish trend in the sector [1] - Component stocks showed a widespread upward movement, with notable gains among several companies [1] - Specifically, Youke De-W reached its daily limit up, while companies such as Yimikang, Capital Online, and Tianfu Communication saw their stock prices rise by over 12% [1]

Group 1 - The core viewpoint of the news highlights the performance of the Huaxia Sci-Tech Artificial Intelligence ETF (589010), which experienced a slight pullback after an initial surge, currently priced at 1.594 yuan, reflecting a 1.271% increase from the opening price [1] - Among the 30 constituent stocks tracked by the ETF, 19 stocks saw gains, with Yuke Technology leading with a 20% limit-up, while Sikan Technology experienced a decline of over 5% [1] - The trading volume of the ETF reached 52.52 million yuan, with a turnover rate of 1.98%, indicating stable liquidity and moderate trading activity [1] Group 2 - DeepSeek has launched a new model and initiated gray testing, enhancing its contextual capability from 128K Tokens to 1M Tokens, with the knowledge base updated to May 2025, improving context capacity, knowledge, capability, and user interaction [1] - Guolian Minsheng Securities notes that recent releases of new features or ecosystem integrations by various large models domestically and internationally are expected to lead a new wave of innovation in large models [1] - The transition to the Agent era is beginning to reshape the internet value chain, shifting focus from traditional traffic scale to business models that emphasize behavioral execution, capability invocation, governance control, and outcome-based payments [1][2]

Group 1 - The A-share market saw a collective rise in DeepSeek concept stocks, with notable increases in shares such as Youkede-W up nearly 14% and Shoudu Online up over 11% [1] - DeepSeek updated its model, with user feedback indicating enhancements in both web and app versions, now supporting a maximum context length of 1 million tokens, an increase from the previous version's 128K tokens released in August last year [1] Group 2 - Specific stock performance includes Youkede-W with a market cap of 19.5 billion and a year-to-date increase of 52.26%, Shoudu Online with a market cap of 15.8 billion and a year-to-date increase of 37.19%, and Dongfang Guoxin with a market cap of 17 billion and a year-to-date increase of 46.28% [2] - Other notable stocks include China Jushi with a market cap of 108.8 billion and a year-to-date increase of 59.01%, and Puyuan Information with a market cap of 3.126 billion and a year-to-date increase of 31.27% [2]

Core Viewpoint - The DeepSeek concept stocks in the A-share market experienced a collective rise, driven by updates to the DeepSeek model, which now supports a context length of up to 1 million tokens, significantly enhancing its capabilities compared to the previous version released in August last year, which supported 128K tokens [1]. Group 1: Stock Performance - Youke De-W (优刻得-W) saw a rise of 13.93%, with a total market capitalization of 19.5 billion and a year-to-date increase of 52.26% [2]. - Capital Online (首都在线) increased by 11.34%, with a market cap of 15.8 billion and a year-to-date rise of 37.19% [2]. - Dongfang Guoxin (东方国信) rose by 7.55%, with a market cap of 17 billion and a year-to-date increase of 46.28% [2]. - China Jushi (中国巨石) experienced a 6% increase, with a market cap of 108.8 billion and a year-to-date rise of 59.01% [2]. - Puyuan Information (普元信息) increased by 5.55%, with a market cap of 3.126 billion and a year-to-date rise of 31.27% [2]. - Chipengwei (芯朋微) rose by 5.07%, with a market cap of 9.151 billion and a year-to-date increase of 14.43% [2]. - Guangliwei (广立微) increased by 4.74%, with a market cap of 17.7 billion and a year-to-date rise of 23.54% [2]. - Huohuan New Network (光环新网) rose by 4.27%, with a market cap of 32.9 billion and a year-to-date increase of 46.52% [2].

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