股票简称：紫光股份 股票代码：000938 公告编号：2026－010 关于 2026 年度向特定对象发行 A 股股票摊薄即期回报、 本公司及董事会全体成员保证信息披露的内容真实、准确和完整，没有虚假 记载、误导性陈述或重大遗漏。 本公告中如无特别说明，相关用语具有与《紫光股份有限公司 2026 年度向 特定对象发行 A 股股票预案》中相同的含义。 紫光股份有限公司（以下简称"公司"）于 2026 年 2 月 11 日召开的公司第 九届董事会第二十次会议审议通过了公司 2026 年度向特定对象发行 A 股股票 （以下简称"本次发行"）的相关议案。根据《国务院关于进一步促进资本市场 健康发展的若干意见》（国发[2014]17 号）、《国务院办公厅关于进一步加强资本 市场中小投资者合法权益保护工作的意见》（国办发[2013]110 号）和《关于首发 及再融资、重大资产重组摊薄即期回报有关事项的指导意见》（中国证券监督管 理委员会公告[2015]31 号）的相关规定，为保障中小投资者知情权，维护中小投 资者利益，公司就本次向特定对象发行 A 股股票相关事项对即期回报摊薄的影 响进行了认真分析并提出了具体的填补回报措 ...

股票简称：紫光股份 股票代码：000938 紫光股份有限公司 （北京市海淀区清华大学紫光大楼） 二〇二六年二月 紫光股份有限公司 2026 年度向特定对象发行 A 股股票预案 公司声明 1、公司及董事会全体成员保证本预案内容真实、准确、完整，并确认不存 在虚假记载、误导性陈述或重大遗漏。 2、本预案按照《上市公司证券发行注册管理办法》等法规及规范性文件的 要求编制。 3、本次向特定对象发行股票完成后，公司经营与收益的变化由公司自行负 责；因本次向特定对象发行股票引致的投资风险，由投资者自行负责。 4、本预案是公司董事会对本次向特定对象发行股票的说明，任何与之相反 的声明均属不实陈述。 5、投资者如有任何疑问，应咨询自己的股票经纪人、律师、专业会计师或 其他专业顾问。 2026 年度向特定对象发行 A 股股票预案 6、本预案所述事项并不代表审批机关对于本次向特定对象发行股票相关事 项的实质性判断、确认、批准或核准，本预案所述本次向特定对象发行股票相关 事项的生效和完成尚待公司股东会审议通过、深圳证券交易所审核通过并经中国 证监会作出同意注册决定。 2 紫光股份有限公司 2026 年度向特定对象发行 A 股股票预 ...

今日（2月11日）重点布局国产算力、AI应用领域的大数据ETF华宝（516700）场内涨幅一度上探1.35%，现涨0.90%，盘中收复20日均线，冲击 日线5连阳！ | 分时 多日 1分 5分 15分 30分 ▼ 综合屏 F9 前复权 超级叠加 画线 工具 (9 2 | | 大数据ETF华宇 1 | | 516700 | | --- | --- | --- | --- | --- | | 2 516700 SHI大数据ETF华宝 2026/02/11 收 1121 幅 0.90%(0.010) 开 1.111 高 1.126 低 1.111 均四 | | | | 0.010 +0.90% | | A+ MA5 1.0947 MA10 1.101J MA20 1.118J MA60 1.0391 MA120 1.049 MA250 0.9951 | (65日) | | | | | | | SSE CNY 10:23:45 交易中 | | 1 . . + | | 图 | | | | 华宝中证大数据产业ETF | | | 1230 | 222 | -8.06% 委差 | -3765 | | | | 英语 | 1.1 ...

Group 1 - The core focus of the news is the significant rise in the Seedance concept, particularly in the domestic computing and AI application sectors, with the Huabao Big Data ETF (516700) experiencing a price increase of over 1.8% at one point, currently up by 1.09% [1] - The Seedance 2.0 AI video generation model from ByteDance has gained attention for its ability to create high-quality videos from text and images, supporting video segments of 5 to 15 seconds with advanced features like multi-angle shooting and subtitles [2] - The domestic video generation field is becoming increasingly competitive, similar to the state of large language models in 2025, with companies expected to differentiate based on specific application scenarios [3] Group 2 - The Huabao Big Data ETF's index composition shows that the computing concept accounts for 40.91% and AI application concept for 37.43% as of the end of 2025 [4] - The ETF focuses on domestic computing (IDC, servers) and AI applications, tracking the CSI Big Data Industry Index, with major holdings in leading companies such as Inspur, iFlytek, and China Software [5] - The current market environment is favorable for technology self-reliance, with government initiatives aimed at enhancing digital productivity and accelerating the domestic substitution process [6][7]

Group 1 - The core focus of the news is the significant rise of the Seedance concept, particularly in the domestic computing and AI application sectors, with the big data ETF Huabao (516700) experiencing a price increase of over 1.8% at one point and currently up by 1.09% [1] - The AI video generation model Seedance 2.0 from ByteDance has gained attention for its ability to generate high-quality videos from text and images, supporting video segments of 5 to 15 seconds with multi-angle shots and dialogue [1][3] - The domestic video generation field is becoming increasingly competitive, similar to the state of large language models in 2025, with companies focusing on differentiated development in specific application scenarios [3] Group 2 - The data center is identified as a core infrastructure for AI, with a high demand in the computing market driving steady growth in the IDC industry [3] - The Huabao big data ETF (516700) tracks the CSI big data industry index, with a significant weight of 40.91% in computing concepts and 37.43% in AI application concepts as of the end of 2025 [3][5] - Key stocks in the ETF include industry leaders such as Zhongke Shuguang, Keda Xunfei, and Inspur Information, with a focus on technology self-reliance and the acceleration of domestic substitution processes [5]

2）从行业整体来看，AI 视频生成本身就存在高显存占用、高算力成本的行业痛点，官方模型生成 1 分钟视频便 需消耗数美元算力，电影级制作标准的模型更是需要 A100/H100 等顶级 GPU 支撑，而 Seedance2.0 若要实现规模 化落地、批量产出工业级内容，还将进一步拉高对算力储备和运算能力的需求，足见算力是 AI 视频生成技术落地 发展的核心基础要素。 相关标的： Seedance 2.0炸场！AI视频进入"导演级"时代，人类创作将被彻底颠覆。 AI 应用迎发展新机遇：我们认为当前 AI 应用迎来三重驱动发展新阶段，1）字节、腾讯、阿里、百度四巨头 开启 AI 时代的春晚流量入口之战，2026 年春节流量爆发与大模型密集更新形成供需双轮驱动，这场会战的胜者 将成为国民级 AI 基础设施；2）现 国产算力（4）：SD时代到来全面拥抱AI【东北计算机】 Seedance 2.0炸场！AI视频进入"导演级"时代，人类创作将被彻底颠覆。 AI 应用迎发展新机遇：我们认为当前 AI 应用迎来三重驱动发展新阶段，1）字节、腾讯、阿里、百度四巨头 开启 AI 时代的春晚流量入口之战，2026 年春节流量爆发与大 ...

股票简称：紫光股份 股票代码：000938 公告编号：2026－005 紫光股份有限公司 关于为子公司提供担保的进展公告 本公司及董事会全体成员保证信息披露的内容真实、准确和完整，没有虚假记载、 误导性陈述或重大遗漏。 一、担保情况概述 本次担保前，苏州紫光数码在担保额度一内对香港紫光数码的担保余额为 0 元， 在担保额度二内对紫光电子商务的担保余额为人民币 2.6 亿元、对紫光晓通的担保余 额为人民币 0 元、对紫光晓通（香港）的担保余额为 0 元；本次担保后，苏州紫光数 码在担保额度一内对香港紫光数码的担保余额为人民币 1.3 亿元，在担保额度二内对 紫光电子商务的担保余额为人民币 3.6 亿元、对紫光晓通的担保余额为人民币 5,000 万元、对紫光晓通（香港）的担保余额为人民币 3,000 万元，因此担保额度一内可用 担保额度尚余人民币 1.3 亿元，担保额度二内可用担保额度尚余人民币 6.2 亿元。 截至目前，公司及子公司对香港紫光数码的担保余额（含上述担保）为人民币1.5 亿元，对紫光电子商务的担保余额（含上述担保）为人民币14.4亿元，对紫光晓通的 及紫光晓通（香港）的担保余额（含上述担保）合计为 ...

或由于字节跳动Seedance2.0视频生成模型在海内外爆火，今日（2月9日）重点布局国产算力、AI应用 领域的大数据ETF华宝（516700）场内涨幅一度上探3.28%，现涨3.1%，盘中收复5日均线。 成份股方面，东方国信20CM涨停，光环新网涨超10%，易华录、奥飞数据涨逾7%，天下秀、拓尔思、 国网信通等个股大幅跟涨。 | 序号 | 名称 | 旅鉄幅 ▼ | | 两日图 | 申万一级行业 | 申万二级行业 | 申万三级行业 | 总市值 | 成交额 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 1 | 东方国信 | 20.02% | | | 计算机 | IT服务Ⅱ | IT服务Ⅲ | 141亿 | 18.57亿 | | 2 | 光环新网 | 10.58% | | | 通信 | | 通信服务 通信应用增值服务 | 2991Z | 31.36亿 | | 3 | 易华录 | 7.93% | | | 计算机 | IT服务II | IT服务Ⅲ | 97亿 | 6.83 亿 | | 4 | 良飞胶据 | 7.84% | | | 通 ...

Core Insights - The report emphasizes the dual focus on AI advancements and the deepening of domestic network capabilities in the communication industry, predicting significant growth in AI-related investments and domestic production across various segments [4][5][6] - The anticipated performance for Q4 2025 shows a robust increase in net profits for key companies, with some expected to see over 50% year-on-year growth [4][15] Group 1: AI and Network Development - The AI focus is expected to evolve around overseas mapping, optical communication trends, and changes in optoelectronic technology, with a shift from Scale out to Scale up in ecosystem development [4][5] - Domestic production trends are accelerating across four key areas: chips, cloud, network, and end devices, with significant growth potential in the chip sector due to global supply chain dynamics [4][5] - The report highlights the expected explosion in demand for optical devices and chips, driven by AI needs and the introduction of new technologies like silicon photonics [5][6] Group 2: Company Performance Predictions - Key companies are projected to experience substantial profit growth, with notable increases such as Heertai (+798%), Guangku Technology (+439%), and 5.5G Canqin Technology (+290%) [4][15] - The report outlines specific performance forecasts for major players, indicating a strong recovery in demand across various sectors, including optical communication and satellite internet [4][15] - Companies like China Mobile and ZTE are expected to benefit from increased capital expenditures directed towards AI and network investments, enhancing their revenue and profitability [6][15] Group 3: Investment Opportunities - The report identifies several investment opportunities in the AI computing network, including companies like Zhongji Xuchuang and Xinyi Technology, which are positioned to benefit from the growing demand for AI capabilities [4][6] - The satellite internet sector is highlighted as having high barriers to entry and significant long-term investment potential, with companies like Zhenyou Technology and Xinke Mobile being key players [4][6] - The IoT sector is expected to see a surge in demand driven by AI and robotics, with companies like Lexin Technology and Guanghe Technology poised for growth [10][11]

[Table_Date] 2026 年 02 月 08 日 [Table_Title] 关注商业航天，坚定算力基建扩张 证券研究报告|行业点评报告 [Table_Title2] 通信 [Table_Summary] 1、关注商业航天，持续进展催化市场关注度上升 当前时点，国内低轨卫星批量发射已进入实质阶段，与商业航天 高度重合，在相关政策、产业驱动，卫星网络作为 6G 网络建设基 础，当前时点建设确定性较强。伴随可回收火箭预研阶段开启首 个发射项目，后续多家商业火箭可回收发射计划有序进展，商业 航天进入加速落地阶段，卫星互联网发展势头迅猛，星座常态化 发射，实现通信容量增大，时延降低，同时有望看到手机宽带直 连卫星与低轨卫星网联智能驾驶系统的相关应用快速落地。卫星 通信、卫星物联网相关受益标的。 2、四部门发文加快培育数据流通服务机构 当前时点，面临近期的流动性担忧以及外围风险厌恶情绪传 导，我们预计市场仍将保持震荡，板块建议相对谨慎，中性配 置。 尽管短期市场对海外加大资本开支背景下 AI 相关收入的疑 惑，以及对 AI 软件板块受挫，但是我们认为目前 AI 发展阶段 仍处于 Scale up 和 Scal ...