2026年，A股"开门红"后，市场活跃度显著提升，主题热点不断涌现。 券商机构的调研路线开始发生变化，重点逐步转向了AI应用、脑机接口等热门赛道。特别是最近备受 市场追捧的GEO（生成式引擎优化，核心逻辑是让品牌内容直接嵌入AI答案）概念，如壹网壹创获得 券商扎堆调研。 总体上，近期券商调研重点围绕行业高景气、业绩确定性、估值性价比等线索展开。 受访人士向21世纪经济报道记者指出，券商调研动向反映出市场三大趋势：一是风格更趋均衡，兼顾 AI、高端制造等高景气成长与消费、周期等修复板块；二是从题材炒作转向业绩兑现，重点关注有订 单、现金流支撑的细分龙头；三是持续聚焦国产自主化与出海主线，挖掘在产业链升级中具备全球竞争 力的优质企业。 机构调研新动向 2026年开年，机构调研热情高涨。据Wind统计，1月1日—1月14日，超过260家A股上市公司接受了机构 调研。其中，有230多家上市公司获得券商调研。 具体来看，年初以来，GEO概念股壹网壹创、AI+制药概念股成都先导、脑机接口概念股翔宇医疗分别 获得27家、25家、23家券商调研，为最受券商青睐的3家公司。 在调研过程中，机构比较关注上述企业在技术研发进展、业 ...

该类基地建设为公司未来承接中国一线科技公司的出海业务、以及北美头部客户的定制化大型订单提供 了关键的基础保障。 2026年1月15日，海天瑞声披露接待调研公告，公司于1月12日至1月15日接待淡水泉投资、Brilliance AM、Eastspring Investments、Matthews Int＇l Capital Mgmt、Pinpoint Asset Management、WT AM等204 家机构调研。 调研情况显示，海天瑞声在境外基地布局方面，2024年整合东南亚超1000人标注基地，提供内容审核和 数据标注服务，预计2025年贡献千万级美元收入，2026年计划在东南亚建设第二个基地，届时境外基地 总人数将新增500人左右，为承接中国科技公司出海业务及北美头部客户定制化订单提供支撑。境外传 统训练数据业务受全球化AI应用场景驱动，需求涵盖多语种语音识别（服务智能助手等）、手写体 （支持金融票据识别等）、文本数据（用于自然语言理解等），公司凭借全球供应链管理能力和技术积 累推动业务发展。政府类业务形成"特色数据建库、可信数据空间搭建、数据交易平台参与、场景化模 型开发"的合作模式，已与成都、长沙等 ...

2026年1月15日，海天瑞声披露接待调研公告，公司于1月12日至1月15日接待淡水泉投资、Brilliance AM、Eastspring Investments、Matthews Int＇l Capital Mgmt、Pinpoint Asset Management、WT AM等204 家机构调研。 调研情况显示，海天瑞声在境外基地布局方面，2024年整合东南亚超1000人标注基地，提供内容审核和 数据标注服务，预计2025年贡献千万级美元收入，2026年计划在东南亚建设第二个基地，届时境外基地 总人数将新增500人左右，为承接中国科技公司出海业务及北美头部客户定制化订单提供支撑。境外传 统训练数据业务受全球化AI应用场景驱动，需求涵盖多语种语音识别（服务智能助手等）、手写体 （支持金融票据识别等）、文本数据（用于自然语言理解等），公司凭借全球供应链管理能力和技术积 累推动业务发展。政府类业务形成"特色数据建库、可信数据空间搭建、数据交易平台参与、场景化模 型开发"的合作模式，已与成都、长沙等国家级试点城市及广西、呼和浩特等地政府合作，三季度完成 呼和浩特首批行业数据集及广西东盟语料库数据交付。 公司看 ...

Core Viewpoint - The recent pullback of the Huabao Sci-Tech AI ETF (589520) after reaching a historical high is seen as a buying opportunity by investors, reflecting strong confidence in the domestic AI industry chain [1][3]. Group 1: ETF Performance - The Huabao Sci-Tech AI ETF (589520) experienced a decline of 2.71% after hitting a record high, with a trading volume exceeding 55 million yuan within half a day [1]. - Over the past three days, the ETF attracted a total of 121 million yuan in investments, indicating positive market sentiment towards the domestic AI industry chain [1]. Group 2: Component Stocks - Among the component stocks, Yaxin Security led with a gain of over 4%, while Hehe Information rose by more than 3%. Other notable gainers included Chipone Technology, Lattice Semiconductor, and Qi Anxin, each increasing by over 1% [3]. - Conversely, XH Technology saw a decline of nearly 20%, approaching its daily limit down, while Zhongke Shuguang and Haitan Ruisheng fell by over 18% and 11%, respectively, negatively impacting the index performance [3]. Group 3: Industry Developments - The Ministry of Industry and Information Technology recently issued a plan for the high-quality development of industrial internet platforms from 2026 to 2028, marking a new phase in China's industrial internet development [3]. - The plan introduces the concept of "industrial intelligence," emphasizing the deep integration of AI into the entire industrial chain, which is expected to revolutionize traditional manufacturing practices [3]. Group 4: AI Industry Outlook - The AI industry is transitioning from a focus on AIGC (Artificial Intelligence Generated Content) to applications in manufacturing, with the potential for AI to become a true productivity tool [3]. - According to CITIC Securities, the synergy between self-control and AI is expected to drive strong performance in related sectors by 2025, with this trend likely to strengthen further in 2026 [3]. Group 5: ETF Composition and Strategy - The Huabao Sci-Tech AI ETF (589520) is strategically diversified across four key segments: application software, terminal applications, terminal chips, and cloud chips, reflecting the current state of the AI industry chain [4]. - The ETF emphasizes domestic alternatives, with over 70% of its top ten holdings in the semiconductor sector, indicating a high concentration and aggressive positioning [5].

1月15日，A股市场AI应用板块全线回调，其中，光云科技20CM跌停，天龙集团逼近20CM跌停，值得 买跌超18%，蓝色光标跌12%，拓尔思、因赛集团跌超10%，浙文互联、岩山科技、天下秀10CM跌 停，海天瑞声、福石控股、省广集团、兆讯传媒跌超9%，川网传媒、欢瑞世纪、博瑞传播跌超8%。 | 代码 | 名称 | | 涨幅% ↑ | 总市值 | 年初至今涨幅% | | --- | --- | --- | --- | --- | --- | | 688365 | 光云科技 | 1 | -20.00 | 117亿 | 62.18 | | 300063 | 天龙集团 | 1 | -19.97 | 106亿 | 62.78 | | 300785 | 值得买 | 4 | -18.18 | 136亿 | 56.64 | | 300058 | 蓝色光标 | 1 | -12.02 | 683亿 | 65.19 | | 300229 | 拓尔思 | + | -10.49 | 241亿 | 38.89 | | 300781 | 因悪集团 | | -10.34 | 74.90亿 | 31.17 | | 600986 | 浙文互联 ...

科创人工智能ETF华夏（589010）紧密跟踪上证科创板人工智能指数，覆盖全产业链优质企业，兼具高 研发投入与政策红利支持，20%涨跌幅与中小盘弹性助力捕捉AI产业"奇点时刻"。 （文章来源：每日经济新闻） 开源证券表示，无序竞争的阶段已经过去，呈现多强争锋的竞争格局。大模型技术发展已跨越初期规模 化竞争的"百模大战"阶段，正式步入以核心技术突破与商业价值验证为主导的产业深化期。在行业格局 层面，通用基础大模型赛道完成首轮市场整合，核心竞争主体从上百家迅速缩减，标志着行业从资本驱 动向技术壁垒构建的战略转型。 截至13点44分，科创人工智能ETF（589010） 强势上涨3.00%，日内走势呈现"高举高打"特征，在早盘 快速拉升后，目前在均线上方高位盘整蓄势。持仓股方面进攻弹性十足，海天瑞声强势领涨近11%，中 科星图、芯原股份、恒玄科技等一众核心个股涨幅均超7%，产业链个股集体爆发。流动性方面，盘中 成交金额超3亿元，换手率突破10%，显示出市场资金在当前位置换手充分，对于AI赛道的修复行情及 长期成长空间保持高度一致的做多热情。 消息方面，据科创板日报，上线两个月，千问C端月活跃用户数已突破1亿，在学生和 ...

Core Viewpoint - The A-share market has seen strong performance in computing power concept stocks, with several companies experiencing significant price increases and market capitalization growth [1]. Group 1: Stock Performance - Hongjing Technology (301396) reached a 20% increase, with a total market value of 13.4 billion and a year-to-date increase of 31.31% [2]. - Haitan Ruisheng (688787) rose by 14.55%, with a market capitalization of 11.4 billion and a year-to-date increase of 62.97% [2]. - Runze Technology (300442) increased by 14.30%, with a market value of 150.5 billion and a year-to-date increase of 74.39% [2]. - Yihualu (300212) saw a 13.26% rise, with a market capitalization of 16.9 billion and a year-to-date increase of 34.61% [2]. - Senyuan Co., Ltd. (300210) increased by 11.17%, with a market value of 5.447 billion and a year-to-date increase of 26.55% [2]. - Zhejiang Wenhu (600986) rose by 10.04%, with a market capitalization of 18.4 billion and a year-to-date increase of 58.44% [2]. - Dawi Technology (600589) increased by 10.01%, with a market value of 16.2 billion and a year-to-date increase of 51.96% [2]. - People's Daily Online (603000) rose by 10.01%, with a market capitalization of 31 billion and a year-to-date increase of 47.14% [2]. - Fenghuo Communication (600498) increased by 10%, with a market value of 66.2 billion and a year-to-date increase of 51.96% [2]. - Hengwei Technology (603496) rose by 9.99%, with a market capitalization of 12.7 billion and a year-to-date increase of 44.83% [2]. - Data Port (603881) increased by 9.99%, with a market value of 27.7 billion and a year-to-date increase of 26.59% [2]. - Zhizhen Technology (003007) rose by 9.99%, with a market capitalization of 6.086 billion and a year-to-date increase of 60.28% [2]. - Tianyu Dike (300047) increased by 9.94%, with a market value of 9.872 billion and a year-to-date increase of 23.35% [2]. - Longxin Zhongke (688047) rose by 9.89%, with a market capitalization of 65.3 billion and a year-to-date increase of 23.35% [2]. - Zhongke Jincai (002657) increased by 8.52%, with a market value of 11 billion and a year-to-date increase of 7.94% [2]. - Tongniu Information (300895) rose by 8.37%, with a market capitalization of 8.11 billion and a year-to-date increase of 30.46% [2]. - Cloudwalk Technology (688327) increased by 8.10%, with a market value of 18.8 billion and a year-to-date increase of 26.30% [2]. Group 2: Market Signals - The formation of a MACD golden cross signal indicates a positive trend for these stocks [1].

Group 1 - The A-share market saw strong performance in computing power concept stocks, with several companies hitting the daily limit up [1] - Hongjing Technology experienced a 20% increase, reaching a market capitalization of 13.4 billion [2] - Haitan Ruisheng and Runze Technology both rose over 14%, with market capitalizations of 11.4 billion and 150.5 billion respectively [2] Group 2 - Yihualu increased by over 13%, with a market cap of 16.9 billion and a year-to-date increase of 34.61% [2] - Senyuan Co. saw an increase of over 11%, with a market cap of 5.447 billion [2] - Other notable performers included Zhejiang Wenhulian, Dawi Technology, and People's Daily, each rising by around 10% [2]

证券代码：688787 证券简称:海天瑞声 公告编号：2026-001 重要内容提示： 北京海天瑞声科技股份有限公司（以下简称"公司"）股票连续3个交 易日（2026年1月9日、2026年1月12日、2026年1月13日）收盘价格涨幅 偏离值累计达到30%，根据《上海证券交易所交易规则》《上海证券交 易所科创板股票异常交易实时监控细则》的有关规定，属于股票交易异 常波动情形。 经公司自查并书面问询公司控股股东、实际控制人，截至本公告披露日， 公司日常经营情况正常，未发生重大变化。公司不存在应披露而未披露 的重大信息。 由于人工智能行业整体发展较为迅速，应用领域和应用场景不断拓展， 下游需求随着行业发展不断发生变化，公司进行数据开发所需的各项技 术也面临着快速迭代的风险；公司业务相关的一体化智能数据处理平台 接入并适配了外部第三方大模型，但公司自身未从事人工智能基座大模 型的开发。请广大投资者审慎决策、理性投资。 截至2026年1月13日，公司股票收盘价为165.02元/股，根据中证指数有 限公司发布的最新数据，公司滚动市盈率为821.41倍，公司所处的软件 和信息技术服务业行业最近一个月平均滚动市盈率为72. ...

每经AI快讯，1月13日，海天瑞声(688787.SH)发布异动公告，由于人工智能行业整体发展较为迅速，应 用领域和应用场景不断拓展，下游需求随着行业发展不断发生变化，公司进行数据开发所需的各项技术 也面临着快速迭代的风险；公司业务相关的一体化智能数据处理平台接入并适配了外部第三方大模型， 但公司自身未从事人工智能基座大模型的开发。请广大投资者审慎决策、理性投资。 ...