【导读】春晚机器人"刷屏"，港股机器人板块逆市走强 人形机器人龙头优必选，上午一度大涨13%，截至午间收盘涨6.74%。 禾赛-W涨近6.7%，报215.2港元/股。 消息面上，宇树两款人形机器人均搭载禾赛JT128激光雷达，几十台宇树G1机器人与一台H2机器人一同 在舞台上秀出"赛博真功夫"。作为当前搭载具身智能机器人最畅销的迷你型360°激光雷达，禾赛JT系列 激光雷达累计交付量已突破20万颗，成功应用于多款具身智能机器人产品。 港股三花智控上午同步走高，截至午间收盘涨超6%。 今年马年央视春晚，被不少观众称为"科技春晚"，魔法原子、银河通用、宇树科技、松延动力等机器人 厂商登陆2026年央视春晚，各地卫视春晚也以机器人参与节目及串场为特色。机器人扎堆上春晚背后， 市场对机器人概念股也格外关注。 中国基金报记者晨曦 大家好！上午港股市场不振，机器人板块逆市猛涨，引发关注。 2月20日上午，港股机器人概念股集体走高。截至午间收盘，首程控股涨超11%，报2.34港元/股。 据悉，2026年马年春晚圆满落幕，首程控股投资和服务企业松延动力、宇树科技、银河通用三家企业同 台亮相，在国家级舞台上展现了中国机器人产业 ...

开盘后，板块分化明显，资金逐渐从大型科技股轮动至AI应用标的。科技权重股普遍承压，百度集团- SW、金蝶国际、哔哩哔哩-W、京东健康等跌超5%，阿里巴巴-W跌超3%。 2月20日，港股迎来马年首个交易日，三大指数集体低开。马年春晚机器人亮相引发市场广泛关注，机 器人概念股逆势走强，成为今日最亮眼的主线。 Wind数据显示，截至午间收盘，恒生指数跌0.6%，恒生科技指数跌2.28%，恒生中国企业指数跌 0.59%。 | 資料 | 成分 | 资讯 | 相关基金 | 月度收益 | | --- | --- | --- | --- | --- | | 名称 | | 现价 | 涨跌幅 ◆ | lil | | 百度集团-SW | | 129.800 | -5.67% | -0.15° | | 9888.HK | | | | | | 金蝶国际 0268.HK | | 10.550 | -5.47% | 0.009 | | 毕 里 昨 里 - W | | 230.000 | -5.12% | 0.099 | | 9626.HK | | | | | | 京东健康 | | 57.600 | -5.03% | -0.35° | | ...

2月20日，港股迎来马年首个交易日，三大指数集体低开。马年春晚机器人亮相引发市场广泛关注，机 器人概念股逆势走强，成为今日最亮眼的主线。 Wind数据显示，截至午间收盘，恒生指数跌0.6%，恒生科技指数跌2.28%，恒生中国企业指数跌 0.59%。 来源：中国证券报 | < W | 智谱(2513) | | | | | --- | --- | --- | --- | --- | | 02-20 11:59:58 | | | | | | 605.000 ® 18.4亿 | 股本 4.46亿 市容 | | -137 万得 | | | | | | 12 1 | | | 97.000 19.09% 换 1.42% | 市值 2697亿 市净 | -40 | | | | 分时 五日 HK | 周K | | 月K 中文 | | | 營加 | 均价:585.285 | | 盘口 成交 | | | 65.000 | | | 25.00% 卖10 609.500 200(2) | | | | | | 卖9 609.000 1800(9) | | | | | | 卖8 608.500 100(1) | | | | | | 美7 ...

本文源自：金融界AI电报 港股市场机器人概念股集体大涨，其中，越疆涨超21%，首程控股涨近12%，速腾聚创涨超9%，优必 选、三花智控涨超6%，力劲科技、云迹涨超4%，微创机器人-B涨超3%。 ...

Core Viewpoint - Shenzhen has transformed from a small fishing village into a global innovation hub, showcasing its technological prowess and commitment to becoming a benchmark for China's socialist development model [1][25]. Group 1: Historical Context and Development - The establishment of the Shekou Industrial Zone in 1979 marked the beginning of Shenzhen's transformation, symbolized by the phrase "Time is Money, Efficiency is Life" to attract investment [2][4][31]. - The founding of Huawei in 1987 by Ren Zhengfei in Shekou highlights the entrepreneurial spirit that emerged during this period, leveraging initial capital from Hong Kong [4][28]. Group 2: Industry Growth and Key Players - Foxconn, established by Terry Gou in 1988, became the world's largest electronics manufacturing services provider, benefiting from Shenzhen's cost advantages and industrial ecosystem [6][31]. - Shenzhen's EMS capabilities have empowered global tech innovation, with companies like Foxconn, Luxshare Precision, and BYD Electronics playing significant roles in the supply chain [9][33]. Group 3: Current Trends and Future Outlook - Shenzhen is positioning itself as a leader in AI and robotics, with over 2,600 AI enterprises and projected revenue of approximately 220 billion yuan by 2025 [15][39]. - The "Robot Valley" in Shenzhen is emerging as a global innovation center for robotics, supported by a robust ecosystem of over 74,000 related enterprises and numerous educational institutions [19][39]. Group 4: Commercial Landscape - Huaqiangbei, known as "China's Electronics First Street," hosts a vast network of businesses and attracts over 7,000 foreign visitors daily, reflecting its significance in the global electronics market [11][35]. - The area is characterized by a practical and efficient business model, enabling startups to thrive, including notable companies like Ugreen Technology and Transsion Holdings [12][36].

2月20日（大年初四），港股迎来马年春节后的首个交易日。当日上午，港股市场呈现出结构性行情， 机器人、港口航运等板块表现活跃。 在中央广播电视总台2026年春晚，多家公司机器人的"炸场"表演，引发关注。2月20日开盘后，港股机 器人概念股集体大涨。截至午间收盘，越疆上涨19.2%，报47.56港元/股；速腾聚创报37.64港元/股，上 涨9.42%；禾赛-W上涨6.64%，报215.2港元/股；优必选上涨6.74%，报147.3港元/股。 速腾聚创19日发布盈利预告显示，公司2025年全年净亏损同比大幅收窄。同时，公司在2025年第四季度 利润净额不少于6000万元人民币，首次实现单季度盈利。 近日，东吴证券机械研究团队发布观点表示，机器人核心能力进步，是机器人在央视春晚再度出圈的关 键，也是机器人能够真正从实验室走向工厂的关键。2021年—2025年，机器人产业链已完成从0到1的发 如何抓住"黄金牛市"波段机会？升级投资账户，一键配置金+银>> 展。展望2026年，特斯拉、国内头部企业将同时开启大规模量产，开启机器人从1到10的新篇章。在投 资上，建议关注真正具备量产能力、以及进链的头部标的。 港股港口运输 ...

Market Overview - On February 20, Hong Kong stocks resumed trading after the holiday, with major indices opening lower and subsequently widening their losses. The Hang Seng Index fell approximately 1%, while the Hang Seng Tech Index dropped over 2% [1][12]. Stock Performance - The Hang Seng Index closed at 26,420.63, down 285.31 points or 1.07% [2][13]. - The Hang Seng Tech Index was at 5,228.51, down 139.01 points or 2.59% [2][13]. - The Hang Seng China Enterprises Index decreased by 98.38 points, or 1.08%, closing at 8,971.94 [2][13]. - The Hang Seng Biotechnology Index saw a slight increase of 0.34%, closing at 15,851.11 [2][13]. Sector Highlights - AI applications and humanoid robotics concepts experienced gains despite the overall market decline. Notable increases included: - Yujian (越疆) up nearly 20% [2][14]. - Sutonju Chuang (速腾聚创) up nearly 11% [2][14]. - UBTECH (优必选) up over 9% [2][14]. - MicroPort Robotics (微创机器人) up over 5% [2][14]. Humanoid Robotics Market Insights - The 2026 CCTV Spring Festival Gala featured the highest density of robots, marking a significant milestone in the industry. Companies like Yushutech, Magic Atom, Galaxy General, and Songyan Power showcased their innovations [3][14]. - During the gala, JD.com's robot search volume surged over 300%, customer inquiries increased by 460%, and order volume rose by 150%, indicating strong market interest [4][15]. - The advanced manufacturing research center noted that humanoid robots are transitioning from concept to viable technology, with ongoing breakthroughs in key technologies driving long-term growth in the sector [4][15]. AI Application Stocks - Haizhi Technology Group saw an initial surge of over 28%, with the current increase narrowing to approximately 14% [5][16]. - Zhipu AI experienced a peak increase of 25%, currently at about 13%, following the launch of its new flagship model GLM-5, which has expanded its parameters significantly [7][18]. - MiniMax also saw an initial rise of over 15%, now reduced to around 3%, with other companies like SenseTime and Baifeng Cloud also experiencing gains [10][21].

记者|杜宇 编辑|程鹏易启江校对|金冥羽 2月20日，港股迎来马年首个开市日。香港恒生指数早盘收跌0.6%，恒生科技指数收跌2.28%。 港股科网股多数下跌，金蝶国际、百度集团跌超5.4%，哔哩哔哩、京东健康跌超5%，阿里巴巴跌3.75%，小米集团跌2.29%，腾讯控股跌1.97%，京东集 团跌1.42%。 | 名称 | 现价 | 涨跌 | 涨跌幅 ▲ | | --- | --- | --- | --- | | 百度集团-SW | 129.800 | -7.800 | -5.67% | | 金蝶国际 | 10.550 | -0.610 | -5.47% | | 哔哩哔哩-W | 230.000 | -12.400 | -5.12% | | 京东健康 | 57.600 | -3.050 | -5.03% | | 腾讯音乐-SW | 59.050 | -2.800 | -4.53% | | 华虹半导体 | 96.100 | -3.800 | -3.80% | | 阿里巴巴-W | 148.900 | -5.800 | -3.75% | | 网易-S | 181.300 | -6.000 | -3.20% | | ...

Group 1 - The Hong Kong stock market experienced a decline on the first trading day of the Year of the Horse, with the Hang Seng Technology Index falling by 2.28% and the Hang Seng Index down by 0.61% [1] - Internet technology stocks faced pressure, while the semiconductor sector also weakened [1] - In contrast, the robotics sector showed strong performance, with companies like Yujian rising over 19% and UBTECH increasing by over 6% [1] Group 2 - The surge in the robotics sector is closely linked to the "robot effect" from the 2026 CCTV Spring Festival Gala, which featured a high density of humanoid robots [2] - The Spring Festival Gala significantly boosted consumer interest, with JD.com reporting a 300% increase in robot search volume and a 150% increase in order volume within two hours of the gala [1][2] - The Beijing Economic and Information Technology Bureau noted that the city has over 30 humanoid robot manufacturers, positioning it among the top in the country [2] Group 3 - The East Wu Securities mechanical research team highlighted that advancements in core robotic capabilities are crucial for the industry's growth and transition from laboratory to factory settings [2] - The period from 2021 to 2025 is seen as foundational for the robotics industry, with 2026 expected to mark a significant shift towards large-scale production by leading companies [2] - Public funds have been actively researching the robotics supply chain, with major firms like Jiashi Fund and E Fund participating in investor activities [2]

（文章来源：每日经济新闻） 每经AI快讯，2月20日，恒生指数早盘收跌0.61%，恒生科技指数收跌2.28%。互联网科技股普跌，百 度、哔哩哔哩跌超5%，阿里巴巴跌超3%。机器人概念逆势上涨，越疆涨超19%，优必选涨超6%。 ...