Investment Rating - The report maintains a "Recommended" rating for the industry, indicating an expected relative performance exceeding 15% compared to the benchmark index over the next 12 months [8]. Core Insights - The launch of Seedance 2.0 by ByteDance marks a significant advancement in AI video generation, enabling users to create videos with simple text prompts, which is expected to enhance user engagement and frequency of use over the long term [3][5]. - The model's capabilities include multi-modal input acceptance, narrative coherence, and audio-visual synchronization, addressing key industry challenges such as character consistency and audio-visual mismatch [4][5]. - The demand for computational power is projected to increase exponentially due to the anticipated high concurrency from both consumer (C-end) content creation and business (B-end) API calls [6]. Summary by Sections Seedance 2.0 Launch and Features - Seedance 2.0 is integrated into various platforms, allowing users to generate short videos easily, which is expected to drive higher usage rates [3]. - The model supports multiple input types and can generate videos with synchronized audio, enhancing the creative process for users [4]. Computational Demand Projections - The report estimates that by October 2025, the monthly usage of AI-generated content on the platform will reach 63,900 times, with a total usage time of 1,668.2 hours [6]. - The complexity of video generation is significantly higher than that of text and images, leading to a substantial increase in computational requirements [6]. - Projections indicate that the number of required H100 GPUs for video generation could range from 2.4 million to 4.284 million under different scenarios, with a market space for H100 GPUs estimated between $4.8 billion and $8.568 billion [14][12]. Long-term Market Opportunities - The report highlights the potential for domestic computational power providers to benefit from the growth of AI video generation, with specific companies recommended for investment, including chip designers and AI server manufacturers [13]. - The user base for short videos in China is expected to exceed 1 billion by the end of 2024, with increasing daily usage times projected [7][11].

证券代码：301316 证券简称：慧博云通 公告编号：2026-009 慧博云通科技股份有限公司 慧博云通科技股份有限公司 公 告 关于公司股东部分股份质押的公告 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。 慧博云通科技股份有限公司（以下简称"公司"）于近日接到公司股东舟山慧博创 展创业投资合伙企业（有限合伙）（以下简称"慧博创展"）的函告，获悉其将部分股 份办理了质押，具体情况如下： 一、股东本次股份质押基本情况 | | 是否为控股 | | 占其所 | 占公司 | | 是否 | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 股东 | 股东或第一 | 本次质押 | 持股份 | 总股本 | 是否为 | 为补 | 质押 | 质押 | 质权人 | 质押 | | 名称 | 大股东及其 | 数量（股） | 比例 | 比例 | 限售股 | 充质 | 起始日 | 到期日 | | 用途 | | | 一致行动人 | | （%） | （%） | | 押 | | | | ...

Group 1 - The core viewpoint of the news is that Huibo Yuntong's stock price increased by 5.17% to 45.99 CNY per share, with a trading volume of 321 million CNY and a turnover rate of 1.78%, resulting in a total market capitalization of 18.58 billion CNY [1] - Huibo Yuntong Technology Co., Ltd. is located in Hangzhou, Zhejiang Province, and was established on March 30, 2009, with its listing date on October 13, 2022 [1] - The company's main business involves providing professional information technology outsourcing (ITO) services, which include software technology outsourcing services and mobile intelligent terminal testing services [1] Group 2 - According to data from the top ten heavy stocks of funds, one fund under Baodao holds Huibo Yuntong as a significant investment, with 79,800 shares held, accounting for 0.83% of the fund's net value, ranking as the tenth largest heavy stock [2] - The Baodao CSI 1000 Index Enhanced A fund (017644) was established on August 25, 2023, with a latest scale of 147 million CNY and a year-to-date return of 9.28%, ranking 1243 out of 5569 in its category [2] - The fund manager, Yang Meng, has a cumulative tenure of 7 years and 189 days, with the fund's total asset scale at 19.922 billion CNY and the best return during the tenure being 210.05% [2]

Core Viewpoint - The company HuiBo YunTong (301316.SZ) has approved the sale of a 25.50% stake in its associate company HuiBo YuanNian to its controlling shareholder Shenzhen ShenHui Holdings Co., Ltd. for a transaction price of 5.1 million RMB [1] Group 1 - The fourth meeting of the fourth board of directors was held on February 11, 2026, where the proposal for the sale was reviewed and approved [1] - After the completion of this transaction, the company will no longer hold any equity in the target company [1]

Group 1 - The company Huibo Yuntong announced that its fourth board meeting was held on February 11, 2026, via teleconference to review the proposal regarding the sale of equity in an associated company and related transactions [1] - The film industry experienced a surge in stock prices due to the release of a powerful Chinese video model capable of generating 15-second videos for commercial delivery with just a few prompts [1]

Group 1 - The company announced the approval of a proposal to sell its 25.5% stake in the associate company Huibo Yuannian to its controlling shareholder, Shenzhen Shenhui Holdings Co., Ltd., for a transaction price of 5.1 million RMB [1] - Following the completion of this transaction, the company will no longer hold any equity in the target company [1]

慧博云通科技股份有限公司 公 告 证券代码：301316 证券简称：慧博云通 公告编号：2026-008 慧博云通科技股份有限公司 关于出售参股公司股权暨关联交易的公告 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。 重要内容提示： 慧博云通科技股份有限公司（以下简称"公司"或"转让方"）此前与北京慧博元 年科技有限公司（以下简称"慧博元年"或"标的公司"）未发生过财务资助事项，财 务资助余额为0元。 一、关联交易概述 本次关联交易不构成《上市公司重大资产重组管理办法》规定的重大资产重组，不 构成重组上市，无需经过有关部门批准。根据《深圳证券交易所创业板股票上市规则》 《公司章程》等有关规定，本次关联交易事项在公司董事会审批权限内，无需提交股东 会审议。 上述事项已经公司独立董事专门会议 2026 年第二次会议、第四届董事会第十四次 会议审议通过。关联董事余浩先生回避表决。 二、交易对方基本情况 1 慧博云通科技股份有限公司 公 告 | 名称 | 深圳申晖控股有限公司 | | --- | --- | | 企业性质 | 有限责任公司 | | 注册地址 | 深圳市 ...

慧博云通科技股份有限公司 公 告 慧博云通科技股份有限公司（以下简称"公司"）第四届董事会第十四次会议于 2026 年 2 月 11 日以通讯会议的方式召开，本次会议由董事长余浩先生召集并主持，全体董 事一致同意豁免会议通知期限要求，与会董事已知悉与所议事项相关的必要信息，会议 通知于 2026 年 2 月 10 日以人工送达、电子邮件等方式发出。 本次会议应出席董事8名，实际出席董事8名。本次会议的召集、召开和表决程序符 合《中华人民共和国公司法》等法律法规、规范性文件及《公司章程》等有关规定，本 次会议合法有效。 二、会议审议情况 证券代码：301316 证券简称：慧博云通 公告编号：2026-007 慧博云通科技股份有限公司 第四届董事会第十四次会议决议公告 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。 一、董事会会议召开情况 （一）审议通过《关于出售参股公司股权暨关联交易的议案》 经与会董事审议，同意公司将北京慧博元年科技有限公司25.50%股权转让给公司控 股股东深圳申晖控股有限公司。本次交易有利于盘活公司存量资产，优化资产结构，提 高运营效率，降 ...

Core Viewpoint - The company Huibo Yuntong (301316) reported that as of January 20, 2026, the number of shareholders is 36,120 [1] Group 1 - The company has engaged with investors through an interactive platform [1] - The reported number of shareholders indicates a growing interest in the company [1] - The date of the shareholder count suggests a forward-looking perspective on shareholder engagement [1]

Group 1 - The core viewpoint of the news is that Huibo Yuntong experienced a decline in stock price while showing significant activity in financing and margin trading, indicating high investor interest and potential volatility [1] - On January 26, Huibo Yuntong's stock price fell by 3.11%, with a trading volume of 580 million yuan. The financing buy-in amount was 62.07 million yuan, while the financing repayment was 50.64 million yuan, resulting in a net financing buy of 11.43 million yuan [1] - As of January 26, the total margin trading balance for Huibo Yuntong was 1.346 billion yuan, with the financing balance accounting for 7.04% of the circulating market value, indicating a high level compared to the past year [1] Group 2 - As of December 31, the number of Huibo Yuntong shareholders increased to 30,600, a rise of 4.16%, while the average circulating shares per person decreased by 3.99% to 13,053 shares [2] - For the period from January to September 2025, Huibo Yuntong achieved operating revenue of 1.621 billion yuan, representing a year-on-year growth of 34.31%, and a net profit attributable to shareholders of 74.09 million yuan, up 94.05% year-on-year [2] - Since its A-share listing, Huibo Yuntong has distributed a total of 96.32 million yuan in dividends [3]