证券日报网讯1月28日，汉得信息（300170）在互动平台回答投资者提问时表示，公司截至2025年12月 31日及截至2026年1月9日的股东，四舍五入均约为12.9万户。 ...

Investment Rating - The report rates the computer industry as "Overweight," indicating that the industry is expected to outperform the overall market [9]. Core Insights - Clawdbot signifies a transition in AI product forms from "scene-level assistants" to "system-level Agent platforms," emphasizing comprehensive execution capabilities across tools and systems [3]. - The evolution of Agents is marked by a clear path from Skills to Claude Excel and Clawdbot, shifting market focus from model parameters to the ability to execute complex tasks and integrate external tools [3]. - Clawdbot's revolutionary aspect lies in its ability to understand high-level user intentions and autonomously break them down into ordered steps, enhancing automation in complex workflows [3]. - The deployment of system-level Agents faces challenges such as high complexity in enterprise deployment, data security concerns, and the need for improved stability and traceability across systems [3]. - The acceleration of Agent deployment does not imply the replacement of traditional software but rather positions Agents as intelligent interaction and automation hubs, enhancing overall efficiency [3]. Summary by Sections AI Application Key Companies Valuation - The report includes a valuation table for key AI application companies, detailing their market capitalization and projected net profits for 2024 to 2027, with notable companies such as Kingsoft Office, Yonyou Network, and Zhongkong Technology [4].

Investment Rating - The report indicates a positive investment outlook for the industry, highlighting a "golden window period" for the short drama sector, with expectations for significant growth in the coming years [2][11]. Core Insights - The short drama industry has reached a scale of nearly 1 trillion yuan, surpassing both the film and long video sectors, with a projected compound annual growth rate (CAGR) of over 50% from 2023 to 2026 [11]. - The market for animated dramas is expected to exceed 22 billion yuan by 2026, contributing 50% of the incremental growth in the short drama industry [11]. - ByteDance is positioned as the absolute leader in the animated drama sector, leveraging its "traffic + IP + AI" integrated strategy to dominate the market [2][17]. - The application of AI technology is transforming the production paradigm of animated dramas, reducing production cycles from over 50 days to under 30 days and significantly lowering costs [3][21]. Summary by Sections Section 1: The Golden Window for Short Dramas - The short drama market has surpassed 1 trillion yuan, with user engagement increasing, and the average daily viewing time expected to exceed 100 minutes by 2025 [11]. - The market has entered a phase of rapid growth and commercialization, with significant increases in both supply and demand for animated dramas [11][12]. Section 2: AI Reshaping Production Paradigms - AI technologies are enabling a shift from manual production to industrialized generation, with production costs dropping to the thousand-yuan level [3][21]. - The integration of AI in production processes is expected to streamline workflows, reducing the number of steps from 11 to 5 and cutting costs by 60% [3][24]. Section 3: Trends in AI Applications - The report anticipates a significant uptick in AI applications by 2026, driven by the need for software to leverage substantial computational investments [4][31]. - Companies are increasingly integrating AI into their business models, with some reporting that AI-related revenues account for over 10% of total income [4][31]. Section 4: Related Investment Targets - Key investment targets include companies such as DeCai Co., Zhaochi Co., and Wanxing Technology, among others, which are positioned to benefit from the growth in the animated drama and AI sectors [5][40].

盘面上来看，行业板块、概念涨多跌少。其中，电力设备、有色金属、贵金属、国防军工、钢铁、传 媒、计算机、环保、纺织服饰等行业涨幅靠前；钙钛矿电池、商业航天、卫星互联网、蓝宝石、锂矿、 培育钻石、小金属、黄金、短剧互动游戏等概念走势活跃。通信、保险、银行、煤炭、家电等行业跌幅 居前；CPO、乳业等概念走势较弱。涨停个股主要集中在电力设备、有色金属、化工、纺织服饰、电 子、机械设备等行业。 1月23日，上证指数、创业板指全天窄幅震荡；深证成指早盘窄幅震荡，午后震荡上扬；科创50指数早 盘探底回升，午后持续回升。截至收盘，上证指数报4136.16点，涨0.33%，成交额13369亿元；深证成 指报14439.66点，涨0.79%，成交额17483.67亿元；创业板指报3349.50点，涨0.63%，成交额8226.27亿 元；科创50指数报1553.71点，涨0.78%，成交额1108亿元。沪深两市合计成交30852.67亿元，成交额较 上一交易日增加3934.99亿元。 钙钛矿电池、商业航天等概念走强 锋龙股份18连板 个股涨跌情况，截至收盘，沪深两市合计3707只个股上涨，1336只个股下跌，平盘个股134只，停 ...

| 股票名称 | 涨跌幅 (%) | 主力资金流向 | 所属行) | | --- | --- | --- | --- | | 降基绿能 | 10.01 | 26.92亿元 | 光伏设备 | | 航天电子 | 10 | 18.86亿元 | 航天航空 | | 金风科技 | 10 | 18.32亿元 | 风电设备 | | 照思科技 | 14.95 | 15.76亿元 | 消费电- | | 中国卫星 | 10 | 14.83亿元 | 航天航空 | | 乾照光电 | 20.01 | 12.70亿元 | 光学光电 | | 先导智能 | 10.02 | 11.39亿元 | 电池 | | 烽火通信 | 9.99 | 8.78亿元 | | | 赣锋锂业 | 5.76 | 8.30亿元 | 能源金 | | 昆仑万维 | 4.28 | 8.27亿元 | 互联网服 | | 信维通信 | 15.43 | 7.24亿元 | 消费电子 | | 东方日升 | 20 | 6.79亿元 | 光伏设备 | | --- | --- | --- | --- | | 铜陵有色 | 9.94 | 6.29亿元 | 有色金ﾙ | | 臻雷科技 | 20 | ...

Investment Rating - The report maintains a positive outlook on the industry, specifically highlighting the potential for effective control of AI model hallucinations by 2026 [2]. Core Insights - The report emphasizes that while hallucinations in AI models are inevitable, advancements in algorithms, data quality, and engineering practices can significantly reduce their occurrence. The top 25 global models have achieved a hallucination rate below 8% [5][6]. - The report identifies three key areas for investment: mature AI applications, marketing AI that is less sensitive to hallucinations, and data plus AI infrastructure [6]. Summary by Sections 1. Hallucinations - The Lower Bound of Model Capability - The report defines hallucinations as overconfident errors produced by language models, which can include fabrications, factual inaccuracies, contextual misunderstandings, and logical fallacies. For instance, GPT-3.5 had a hallucination rate of approximately 40%, while GPT-4's rate was 28.6% [14][15]. 2. Sources of Hallucinations - Hallucinations arise from several factors, including model architecture, toxic data, lack of accuracy in reward objectives, and context window limitations. Addressing these factors is crucial for controlling hallucinations [7][8]. 3. Reducing Hallucinations: From Models, Data, Engineering, and Agents - The report discusses various strategies to mitigate hallucinations, such as using larger training datasets, extending context windows, and incorporating human feedback through reinforcement learning (RLHF) [25][26]. - Engineering practices like Retrieval-Augmented Generation (RAG) are becoming standard, with Gartner predicting a 68% adoption rate by 2025 [56][57]. 4. 2B Application Penetration and Evolution - The report notes that the control of hallucinations in mainstream models has made significant progress, with the top 25 models in the Vectara HHEM ranking achieving hallucination rates below 8%. For example, the Finix model developed by Ant Group has a hallucination rate of only 1.8% [72].

Group 1 - The core viewpoint of the news is that Han's Information has shown significant stock price fluctuations and trading activity, with a notable increase in stock price year-to-date and recent declines in the short term [1] - As of January 21, Han's Information's stock price increased by 41.86% this year, but it has decreased by 11.21% in the last five trading days [1] - The company has a market capitalization of 27.437 billion yuan and a trading volume of 1.055 billion yuan on January 21 [1] Group 2 - Han's Information's main business includes ERP software implementation, customer support, and software outsourcing, with revenue contributions from various segments: C2M (33.82%), ERP (31.16%), GMC (23.50%), ITO (11.19%), and others (0.32%) [2] - The company is classified under the computer-IT services industry and is involved in several concept sectors, including SAAS, AI applications, and virtual digital humans [2] - As of December 31, Han's Information reported a revenue of 2.439 billion yuan for the first nine months of 2025, representing a year-on-year growth of 3.67% [2] Group 3 - Han's Information has distributed a total of 415 million yuan in dividends since its A-share listing, with 125 million yuan distributed in the last three years [3] - As of September 30, 2025, the top ten circulating shareholders include Hong Kong Central Clearing Limited and Southern CSI 1000 ETF, with notable changes in their holdings [3]

（文章来源：证券日报） 证券日报网讯 1月19日，汉得信息发布公告称，公司第六届董事会第六次（临时）会议审议通过《关于 修订的议案》《关于制定的议案》《关于制定的议案》等多项议案。 ...

本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假 记载、误导性陈述或重大遗漏。 证券代码：300170 证券简称：汉得信息 公告编号：2026-003 上海汉得信息技术股份有限公司 《公司章程（草案）》对照修订说明 本次公司修订《公司章程》事项需提请公司股东会审议通过后正式生效。同 时，公司董事会提请股东会授权公司经营管理层负责办理本次工商变更登记、备 案等事宜，授权有效期限自公司股东会审议通过之日起至本次相关工商变更登记 及章程备案完毕之日止。 上海汉得信息技术股份有限公司 董事会 二〇二六年一月十九日 上海汉得信息技术股份有限公司（以下简称"公司"）于 2026 年 1 月 19 日 召开第六届董事会第六次（临时）会议审议通过《关于修订〈公司章程（草案）〉 的议案》。基于本次发行境外上市外资股（H 股）股票并在香港联合交易所有限 公司主板挂牌上市需要，为进一步符合境内外有关法律法规的规定以及相关监管 要求，公司拟对《上海汉得信息技术股份有限公司章程》有关条款进行修订，具 体情况如下： | 现行规定 | 修改方案 | | --- | --- | | 第十五条 经依法登记，公司经营范围 | ...

上海汉得信息技术股份有限公司 财务管理制度 （2026 修订） | 发布日期： | 二〇二六年一：月 | | --- | --- | | | 二〇二六年一：月 | | 实施日期： | | 上海汉得信息技术股份有限公司 第一章 总则 第一条 为了规范公司的财务行为，保证公司真实、完整地提供会计信息，使公 司的财务工作有章可循、有法可依，根据《中华人民共和国公司法》、《中华人 民共和国证券法》、《中华人民共和国会计法》、《企业会计准则》及国家其他 有关法律、法规和《公司章程》，结合本公司实际情况制定本财务管理制度。 第二条 本制度适用于上海汉得信息技术股份有限公司及境内下属各子、分公司。 境外子公司在不违背所在国（地区）法律规定的前提下，参照本制度执行。 第三条 公司应当按照本制度合理筹集资金，有效营运资产，控制成本费用，规 范收益分配及财务会计报告，加强财务监督和内部制度，并接受有关主管部门、 公司监事会以及审计部门的检查和监督。 第四条 公司股东大会、董事会、监事会按照《公司法》等有关法律、法规以及 《公司章程》的规定，对公司财务行为行使相关职权。 第五条 在执行本制度过程中，可根据具体情况，另行制定有关单项 ...