| 股票名称 | 涨跌幅(%) | 主力资金流向 | 所属行) | | --- | --- | --- | --- | | 中际旭创 | -8.94 | -38.61亿元 | 通信设备 | | 蓝色光标 | -8.4 | -22.75亿元 | 文化传媒 | | 紫金矿业 | -8.79 | -18.91亿元 | 有色金属 | | 工业富联 | -3.5 | -18.39亿元 | 消费电- | | 兆易创新 | -10 | -16.73亿元 | 未营体 | | 香农芯创 | -12.36 | -15.20亿元 | 电子元件 | | 比亚迪 | -4.22 | -13.74亿元 | 汽车整车 | | 佰维存储 | -10.35 | -11.83亿元 | 未营体 | | 江波龙 | -10.77 | -11.50亿元 | 未营体 | | 北方稀土 | -7.62 | -10.27亿元 | 小金属 | | 中国铝业 | -9.98 | -10.16亿元 | 有色金属 | 据交易所数据显示，截至2月2日收盘，主力资金流出前20的股票分别为： 中际旭创（-38.61亿元）、 蓝色光标（-22.75亿元）、 紫金矿业（-1 ...

2月2日，科大讯飞盘中下跌2.01%，截至10:37，报58.40元/股，成交26.75亿元，换手率2.06%，总市值 1350.12亿元。 分红方面，科大讯飞A股上市后累计派现26.21亿元。近三年，累计派现6.89亿元。 机构持仓方面，截止2025年9月30日，科大讯飞十大流通股东中，香港中央结算有限公司位居第三大流 通股东，持股7059.68万股，相比上期增加793.40万股。华泰柏瑞沪深300ETF（510300）位居第五大流 通股东，持股3939.82万股，相比上期减少125.20万股。华夏中证机器人ETF（562500）位居第六大流通 股东，持股3591.11万股，相比上期增加670.27万股。易方达沪深300ETF（510310）位居第八大流通股 东，持股2845.06万股，相比上期减少90.72万股。华夏沪深300ETF（510330）位居第九大流通股东，持 股2123.09万股，相比上期减少29.74万股。 资金流向方面，主力资金净流出1.71亿元，特大单买入3.31亿元，占比12.36%，卖出4.23亿元，占比 15.82%；大单买入6.40亿元，占比23.94%，卖出7.19亿元，占比2 ...

计算机行业周报 20260201 2025Q4 持仓分析：持仓历史底部，AI 主线持续走强 glmszqdatemark 市场回顾 本周（01.26-01.30）沪深 300 指数上涨 0.08%，中小板指数下跌 3.78%，创业 板指数下跌 0.09%，计算机（中信）板块下跌 4.47%。板块个股涨幅前五名分别 为：网宿科技、优刻得、工大高科、朗科科技、光云科技；跌幅前五名分别为： 淳中科技、*ST 汇科、达华智能、恒华科技、中国长城。 行业要闻 ➢ 阶跃星辰：完成超 50 亿元 B+轮融资，创近一年国产大模型单笔融资纪录，加速 基座模型研发。 ➢ 微软：发布第二代 AI 芯片 Maia 200，采用台积电 3nm 工艺，推理效率较前代 提升 30%。 ➢ 月之暗面：发布新一代开源模型 Kimi K2.5，集成视觉与编程能力，Agent 评测 成绩全球领先。 ➢ 阿里平头哥：上线高端 AI 芯片"真武 810E"，实现软硬件全自研，整体性能对 标英伟达 H20。 ➢ 公司动态 ➢ 浪潮信息：董事长彭震及副总经理刘军拟合计减持不超过 3 万股，约占总股本的 比例 0.002%。 ➢ 天阳科技：实控人欧阳建平拟 ...

Investment Rating - The investment rating for the computer industry is maintained as "Cautious Recommendation" based on the current market conditions and future potential in AI applications and computing power [4][21]. Core Insights - The computer sector's fund holdings accounted for approximately 2.34% of total fund holdings in Q4 2025, showing a slight decrease from previous quarters, indicating a historical low [4][21]. - The leading companies in AI-related sectors are primarily focused on AI applications and computing power, suggesting a potential for increased investment as national industrial policies support the AI industry [4][21]. - Recent significant financing activities in the AI sector, such as StepFun's over 5 billion yuan B+ round, highlight the growing interest and investment in AI model development [22]. - Major advancements in AI hardware, including Microsoft's Maia 200 chip and Alibaba's Zhenwu 810E chip, demonstrate the competitive landscape and technological progress within the industry [23][25]. Summary by Sections 1. Q4 2025 Holdings Analysis - The proportion of computer sector holdings in funds decreased slightly to 2.34%, with a historical trend showing fluctuations over the past quarters [11]. - The number of computer companies in the top ten holdings decreased to 138, indicating a consolidation in holdings among fewer companies [14]. - The top ten companies by fund holdings in Q4 2025 included iFLYTEK, Kingsoft Office, Hikvision, Inspur Information, and others, with notable changes in rankings compared to Q3 2025 [17]. 2. Industry News - StepFun completed a record financing round, emphasizing the competitive nature of AI model development in China [22]. - Microsoft announced the launch of its second-generation AI chip, Maia 200, which significantly improves performance metrics [23]. - The release of the Kimi K2.5 model by Moonlight Dark Side showcases advancements in open-source AI capabilities [24]. - Alibaba's introduction of the Zhenwu 810E chip reflects the company's commitment to self-developed AI hardware [25]. 3. Company News - Inspur Information's executives announced plans to reduce their holdings, indicating potential shifts in company ownership dynamics [26]. - Tianyang Technology's major shareholder plans to reduce their stake, which may impact market perceptions of the company [27]. - Hehe Information reported on the completion of a significant share reduction by its major shareholders, reflecting ongoing adjustments in ownership [28]. 4. Market Review - The market performance from January 26 to January 30 showed the CSI 300 index rising by 0.08%, while the computer sector index fell by 4.47%, indicating a challenging week for the sector [30].

Core Insights - Longhua District has released its first batch of 90 scenario demand lists and 60 capability lists, aiming to connect government and park applications with emerging technologies for precise investment attraction [2][4] Group 1: Scenario Demand and Capability Lists - The released scenario demands cover key areas such as low-altitude economy, smart governance, smart security, smart healthcare, intelligent construction, and public infrastructure, addressing industrial upgrade bottlenecks and urban governance challenges [2][3] - The capability list includes 60 breakthrough technologies and products from local and external enterprises, with a 60% match to the scenario demands, featuring innovations like high-rise building firefighting drones and integrated intelligent information platforms [3][4] Group 2: Government Initiatives and Support - Longhua District government acts as the "chief experience officer" for enterprise products, promoting an open innovation ecosystem by reserving budget for innovative scenario construction in new government investment projects [5][6] - The district has established a comprehensive investment promotion service system to support the entire lifecycle of enterprises, ensuring efficient one-stop services for global investors [4][5] Group 3: Technological Advancements and Applications - The integration of digital twin and AI technologies has significantly reduced the average processing time for urban governance issues to about one hour, enhancing safety and efficiency in operations [6][7] - Longhua has become a national model for low-altitude economy, with over 139 takeoff and landing facilities and a comprehensive management platform for drone services, achieving substantial reductions in delivery times [6][7] Group 4: Future Development Plans - The district has outlined a two-year plan to enhance innovation application scenarios, focusing on resource exploration, integrated scene construction, and establishing efficient supply-demand matching mechanisms [8]

□本报记者 王宇露 上周品牌工程指数多只成分股表现强势。具体来说，澜起科技上涨13.64%，排在涨幅榜首位；中际旭 创上涨10.94%，居次席；泸州老窖上涨9.10%；兆易创新、欧派家居（603833）涨逾5%；贵州茅台 （600519）、泰格医药（300347）、新希望涨逾4%；山西汾酒（600809）、华谊集团（600623）、老 板电器（002508）涨逾3%；五粮液（000858）、科大讯飞（002230）、美的集团（000333）涨逾1%。 2026开年以来，澜起科技上涨54.37%，排在涨幅榜首位；兆易创新上涨46.97%，紧随其后；长电科 技、华谊集团涨逾30%；中微公司、安集科技、华润微、欧派家居涨逾20%；科大讯飞、盐湖股份 （000792）、通策医疗（600763）、华大基因（300676）、泰格医药、宝信软件（600845）涨逾10%。 市场表现受情绪影响较大 对于上周的市场，星石投资分析，市场表现受情绪影响较大，风格演绎相对极致，行业驱动因素变化、 宽基ETF卖出是情绪端的主要影响因素。结构上看，各个风格均出现较大波动，板块间轮动较快，防御 属性偏强的金融风格相对占优，成长风格相对较弱 ...

从经营层面看，讯飞医疗的财务数据已出现改善信号：2025年上半年公司实现营收2.99亿元，同比增长30.26%；净亏损同 比收窄42.86%。在市场看来，AI医疗行业普遍处于投入期，关键在于能否通过订单交付、产品标准化与续费扩张实现亏损收敛 乃至盈亏平衡的路径清晰化。 综合来看，母公司业绩预告验证了大模型规模化落地对经营质量的支撑作用。而讯飞医疗在医疗垂直场景的规模化应用、 GBC闭环结构与经营数据的边际改善，则共同构成其增长确定性的核心来源。在政策持续推动"人工智能+医疗卫生"应用规范 化落地的背景下，讯飞医疗作为港股稀缺的AI医疗标的，其后续业绩兑现路径仍值得持续跟踪。 从公告信息来看，这份业绩预告的看点不只在于利润增速，更在于其反映出科大讯飞大模型规模化落地正在转化为更可持 续的经营结果。作为科大讯飞旗下专注AI医疗赛道的港股子公司，讯飞医疗科技股份有限公司（以下简称"讯飞医疗"， 02506.HK）在母公司技术底座与产业落地能力的带动下，其商业模式的可持续性也随之受到更多关注。 公开信息显示，讯飞医疗围绕"每位医生的AI诊疗助理、每位居民的AI健康助手"的定位，依托医学语义分析、智能知识推 理、深度数 ...

Investment Rating - The report maintains an "Overweight" rating for the computer industry, expecting the industry index to outperform the market index by over 10% in the next six months [2][33]. Core Insights - The report highlights a competitive landscape in AI applications among major internet companies, with significant cash giveaways during the Spring Festival to attract users and enhance engagement with AI products. This marks a new phase in AI application competition, aiming for widespread adoption and commercialization [2][28]. - The computer industry index has shown a decline of 5.32% over the past two weeks, underperforming the CSI 300 index by 5.37 percentage points, ranking last among 31 sectors. However, it has increased by 9.08% in January, outperforming the CSI 300 index by 6.40 percentage points [10][20]. - The current price-to-earnings (PE) ratio for the SW computer sector stands at 59.79 times, placing it in the 96.66 percentile for the past five years and 91.70 percentile for the past ten years, indicating high valuation levels [20][22]. Summary by Sections Industry Performance Review - The SW computer sector has experienced a two-week decline of 5.32%, ranking 31st among 31 sectors. In January, it rose by 9.08%, outperforming the CSI 300 index by 6.40 percentage points [10][13]. Valuation Situation - As of January 29, 2026, the SW computer sector's PE TTM is 59.79 times, indicating a high valuation compared to historical data [20][22]. Industry News - Major announcements include Tencent's cash giveaway of 1 billion RMB for the Spring Festival, the launch of new AI models by Alibaba and ByteDance, and price increases for server CPUs by Intel and AMD due to high demand [22][24][25]. Company Announcements - Notable company forecasts include iFlytek expecting a net profit of 785 million to 950 million RMB for 2025, and SuperMap Software projecting a profit turnaround from a previous loss [25][26][27]. Weekly Insights - The report emphasizes the strategic moves by leading internet companies to capture AI traffic during the Spring Festival, suggesting a focus on investment opportunities related to AI applications and partnerships with leading firms [28][29].

以下是本次峰会重磅推出的乾行榜・2025年度卓越创新企业及标杆实践案例： 转型实践案例 百利天恒 iza-bren双抗ADC研发项目: 填补多瘤种治疗空白,引领肿瘤创新药全球突破 1月30日，由经济观察报社举办的2025年度创新峰会成功举办。此次峰会以 "新质领航 创启未来" 为主题，汇聚多名企业家、学者及行业领 袖，围绕人工智能、数字化转型、机器人、生物医药等热点领域，分享前沿动态与创新实践。 随着全球产业竞争进入 "创新竞速、集群突破" 的新阶段，中国正以 "新质生产力" 突破传统增长路径 —— 人工智能重构产业效率、半导 体芯片打破技术壁垒、空天经济开拓新空间、机器人开启智造新阶段、生物医药勇登全球高地…… 这些领域的企业，既是技术创新的 "策 源地"，更是 "十五五" 期间国家战略落地的 "主力军"。 新质生产力的发展，正从技术单点突破走向产业场景深度融合，离不开扎实的创新实践与可落地的发展范式。本届新质100创新企业汇聚 了行业中坚力量，我们从中优中选优，遴选出20家技术领先、深耕产业生态、在创新引领与价值落地方面表现尤为突出的企业，形成标杆 实践样本。 国泰海通证券 链路即业务: 基于业务属性的证 ...

一则来自A股市场的公告震动AI与医疗投资圈——科大讯飞发布2025年全年业绩预告，预计归属于上市 公司股东的净利润同比增长40%至70%。 在宏观经济承压、科技板块估值普遍回调的背景下，这一增长不仅彰显其核心业务韧性，更释放出一个 关键信号：以AI驱动的垂直场景商业化已进入收获期。 而在科大讯飞七大战略业务板块中，医疗板块的表现尤为亮眼。作为该板块的核心载体，已在港交所独 立上市的讯飞医疗科技（02506），正凭借母公司在人工智能底层技术上的持续突破，叠加自身在中国 基层医疗体系中的深度扎根与落地沉淀，构筑起难以复制的技术护城河与市场壁垒。站在全球AI医疗 浪潮的潮头，讯飞医疗科技的价值重估时刻已然到来。 医疗板块成科大讯飞增长新引擎 科大讯飞2025年的业绩高增长，并非源于单一产品爆发，而是其"平台+场景"战略在多个赛道协同发力 的结果。其中，医疗业务作为最早实现规模化商业闭环的板块之一，已成为重要的增长贡献点。 据内部拆解，讯飞医疗2025年的市场渗透与服务能力持续跃升：核心产品智医助理已在全国超7.7万家 基层医疗机构完成部署；智慧医院整体解决方案应用超500家等级医院；面向个人用户的健康助手"讯飞 晓 ...