编辑丨瑜见 1月30日，香港恒生指数开盘跌0.65%，恒生科技指数跌0.88%。 | 名称 | 现价 | 涨跌 | 涨跌幅 - | | --- | --- | --- | --- | | 快手-W | 81.000 | -1.950 | -2.35% | | 阿里巴巴-W | 170.000 | -3.300 | -1.90% | | 全蝶国际 | 13.800 | -0.230 | -1.64% | | 美的集团 | 84.850 | -1.400 | -1.62% | | 中心国际 | 76.000 | -1.250 | -1.62% | | 阿里健康 | 6.580 | -0.090 | -1.35% | | 昨週昨日-W | 273.400 | -3.400 | -1.23% | | 百度集团-SW | 153.600 | -1.900 | -1.22% | | 小米集团-W | 36.200 | -0.420 | -1.15% | | 海尔智家 | 25.900 | -0.300 | -1.15% | | 腾讯控股 | 615.000 | -7.000 | -1.13% | | 金山软件 | 31. ...

| 名称 | 规价 | 淵鉄 | 涨跌幅 ▲ | | --- | --- | --- | --- | | 快手-W | 81.000 | -1.950 | -2.35% | | 阿里巴巴-W | 170.000 | -3.300 | -1.90% | | 金蝶国际 | 13.800 | -0.230 | -1.64% | | 美的集团 | 84.850 | -1.400 | -1.62% | | 中本国际 | 76.000 | -1.250 | -1.62% | | 阿里健康 | 6.580 | -0.090 | -1.35% | | 昨 南非面-W | 273.400 | -3.400 | -1.23% | | 百度集团-SW | 153.600 | -1.900 | -1.22% | | 小米集团-W | 36.200 | -0.420 | -1.15% | | 海尔智家 | 25.900 | -0.300 | -1.15% | | 腾讯控股 | 615.000 | -7.000 | -1.13% | | 金山软件 | 31.000 | -0.340 | -1.08% | | 比亚迪电子 | 34.080 ...

本文源自：金融界AI电报 港股市场AI应用概念股集体走强，其中，稀宇科技涨超13%，阜博集团涨超11%，明源云涨超7%，汇 量科技、迈富时涨超6%，微盟集团涨超5%，五一视界、范式智能、明略科技-W、阅文集团、金山软件 涨超3%。 消息面上，月之暗面Kimi 1月27日发布的K2.5模型在上线一天后已登顶全球多个榜单。在权 威榜单LMarena上，Kimi K2.5中仅次Claude opus 4.5、Genimi3 Pro等闭源模型，位居开源榜首。 ...

Core Viewpoint - The Hong Kong stock market experienced fluctuations, with internet giants showing resilience, particularly Oriental Selection, which reported significant financial improvements, including a shift from loss to profit [1][4]. Company Performance - Oriental Selection reported total revenue of 2.312 billion yuan for the six months ending November 30, 2025, representing a year-on-year growth of 5.7% [1]. - The company's gross profit reached 842 million yuan, up 14.5% year-on-year, with a gross margin increase to 36.4% [1]. - Notably, Oriental Selection transitioned from a net loss of 96.5 million yuan in the previous year to a net profit of 239 million yuan [1]. Market Trends - The Hong Kong stock market's AI application sector is witnessing accelerated growth, with major companies engaging in competitive strategies to capture market share [4]. - Analysts predict that by the end of 2025 and into early 2026, AI applications will increasingly penetrate the market, driven by significant corporate collaborations and technological advancements [4]. - The Hong Kong Internet ETF (513770) has seen a net inflow of 1.392 billion yuan over the past 20 days, indicating strong investor interest in AI-related stocks [2][4]. Investment Opportunities - The top ten weighted stocks in the Hong Kong Internet ETF include major players like Alibaba, Tencent, Xiaomi, and Kuaishou, collectively accounting for nearly 77% of the index [5]. - The Hong Kong market offers diversified investment options, including the Hong Kong Large Cap 30 ETF (520560), which combines high-growth tech stocks with stable dividend-paying companies [5].

1月29日，香港恒生指数开盘跌0.72%，恒生科技指数跌0.79%。 | 名称 | 现价 涨跌 | 涨跌幅 | | --- | --- | --- | | 恒生指数 | 27627.11c -199.80 - | -0.72% | | 恒生科技 | 5853.59c -46.57 -0.79% | | | 恒生生物科技 | 15871.98c -57.85 - | -0.36% | | 恒生中国企业指数 | 9452.21 c -60.03 | -0.63% | | 恒生综合指数 | 4243.14c -25.58 | -0.60% | 科网股普跌，蔚来跌超3%，京东集团跌超2%，百度集团、小鹏汽车、携程集团、京东健康、阿里巴 巴、腾讯控股等多股跌超1%。 | 名称 | 现价 | 涨跌 | 涨跌幅 ▲ | | --- | --- | --- | --- | | 蔚来-SW | 36.880 | -1.260 | -3.30% | | 京东集团-SW | 113.600 | -2.700 | -2.32% | | 小鹏汽车-W | 73.500 | -1.300 | -1.74% | | 携程集团-S | 48 ...

Tech星球独家获悉，金山世游已在国内正式上线其代理的AI社交App"卿卿我我"。公开信息显示，该产品海外版于2023年推出，上线后表现突出，在亚洲 区域AI应用创收效率排名中位列榜首，超越同期多款头部应用。此次国内版本落地，成为金山世游跳出传统游戏业务范畴，切入AI社交赛道的重要动 作。 公开资料显示，金山世游于2020年从承载金山系游戏老牌业务的西山居独立，此后二者分属不同业务线，独立运营时长至今不足7年。其业务起点以游戏 发行为主，此前凭借爆款游戏《鹅鸭杀》国服公测24小时新增500万用户、登顶iOS免费榜的成绩，成功敲开年轻用户市场。 与此同时，公司仍在持续拓宽产品线，2026年首批游戏版号中，《愤怒的小鸟：经典归来》《愤怒的小鸟：梦幻爆破》两款产品成功获批，传统游戏与新 兴赛道并行的策略，正在助力这家厂商重构增长曲线。 不难发现，金山世游这家从老牌游戏体系中拆分成长的新锐厂商，正以多赛道布局产品的动作完成业务边界的拓展。从游戏发行到自研、从国内到海外、 从传统游戏赛道到现象级社交游戏，再到如今跨界布局AI社交，这一系列动作的背后，正是游戏行业存量竞争加剧的行业大背景中，金山世游的生存之 道。在此之下 ...

Group 1 - Corning, a veteran glass manufacturer, secured a significant contract with Meta, which is expected to boost the CPO and storage chip sectors in the A-share market [1][14] - The A-share market saw a mixed performance with the Shanghai Composite Index slightly up by 0.29%, while the Shenzhen Component and ChiNext indices experienced declines of 0.19% and 0.24% respectively [1][2] - The precious metals sector in the A-share market continued to surge, with gold stocks like Zhaojin Mining and Sichuan Gold hitting the daily limit [6][7] Group 2 - The Hang Seng Index in Hong Kong rose over 1%, reaching its highest level since 2021, with technology and semiconductor stocks showing strong rebounds [1][11][17] - The bond market showed fluctuations, with the 30-year treasury futures contract increasing by 0.07% [3][4] - Domestic commodity futures displayed mixed results, with gold and asphalt prices rising significantly, while lithium carbonate and other commodities saw declines [4][5]

| 恒生指数 | 恒生科技 | 恒生国企 | | --- | --- | --- | | 27325.89 | 5786.66 | 9302.93 | | +198.94 +0.73% | | +31.94 +0.56% +58.05 +0.63% | | 国企大盘 | 国企中备 | 国企小盘 | | 5281.06 | 6101.44 | 2942.57 | | +30.27 +0.58% +12.08 +0.20% | | +12.59 +0.43% | | 恒生生物科 | 港股新消费 | 港股科技龙 | | 15764.25 | 2182.22 | 9527.51 | | +76.86 +0.49% | +9.05 +0.42% | +66.53 +0.70% | | 港股通50 | 港股红利 | 港股现金流 | | 4123.41 | 2166.75 | 2614.95 | | +31.23 +0.76% +2.35 +0.11% | | +17.64 +0.68% | 1月28日，香港恒生指数开盘涨0.73%，恒生科技指数涨0.56%。 科网股集体走高，京东集团、金山软件、比亚迪股份、联想集团涨超1 ...

1月28日， 香港恒生指数开盘涨0.73%，恒生科技指数涨0.56%。 | 代码 | 名称 | 现价 | 涨跌幅 | | --- | --- | --- | --- | | 3986 | 兆易创新 | 333.000 | 3.74% | | 9903 | 天数智芯 | 185.000 | 1.65% | | 2577 | 英诺塞科 | 60.200 | 1.09% | | 1304 | 峰昭科技 | 133.400 | 0.91% | | 1347 | 华虹半导体 | 115.200 | 0.88% | | 0981 | 中芯国际 | 77.200 | 0.78% | | 6082 | 壁勿科技 | 34.800 | 0.58% | | 2631 | 天岳先进 | 59.500 | 0.25% | | 1385 | ┣ख复日 | 50.600 | 0.20% | 零食巨头鸣鸣很忙今日在港交所上市，开盘大涨88.08%，报445港元，当前总市值952.75亿港元。 鸣鸣很忙此次全球发售1410.1万股H股，公开发售阶段认购倍数超过1500倍，8家基石投资者合计认购15亿港元，包括腾讯、淡马锡与贝莱德等。 | 恒 ...

Core Viewpoint - The company is expected to see a quarter-on-quarter improvement in performance for Q4 2025, with revenue projected to decline year-on-year but increase sequentially, driven by stable gaming and robust office segments [1][2] Gaming Segment - Revenue for gaming in Q4 2025 is forecasted to decline by 32% year-on-year and by 2% quarter-on-quarter, with the rate of decline narrowing for both comparisons [1] - The new game "Goose Duck" has exceeded expectations, with over 10 million new players within six days of its launch, ranking in the top 2 for iOS game downloads and around 60th in the revenue rankings [1] - The company will continue to monitor the game's popularity and subsequent commercialization process, alongside other IP games like "Angry Birds" [1] Office Segment - The office segment is projected to see a 19% year-on-year revenue increase in Q4 2025, continuing its recovery trend [1] - Growth in the software business is primarily driven by accelerated bidding and acceptance of government and enterprise projects, with WPS 365 benefiting from enhanced collaboration and AI product lines [1] - WPS 365 has been upgraded to a global all-in-one AI collaborative office platform, integrating various functionalities to support enterprise operations [1] Cloud Segment - For the cloud segment, revenue is expected to grow by 20% year-on-year in Q4 2025, with adjusted operating profit slightly in the negative [2] - High capital expenditures are anticipated to continue into 2026, exceeding levels seen in 2025 [2] Financial Forecast and Investment Recommendation - The company has slightly raised its revenue forecast for gaming in 2025 and anticipates around 10% growth for 2026-2027, while maintaining previous predictions for the office segment and reducing losses in the cloud segment [2] - Revenue projections for 2025 and 2026 are -5.7% and +19% year-on-year, respectively, with net profits estimated at 1.74 billion yuan and 1.6 billion yuan [2] - Based on comparable company valuations, the company is assigned a price-to-earnings ratio of 13 for gaming, 35 for office, and 3 for cloud, leading to a target value of 50.25 HKD per share, maintaining a "buy" rating [2]