2月25日，三六零跌1.33%，成交额20.07亿元。两融数据显示，当日三六零获融资买入额1.82亿元，融 资偿还2.02亿元，融资净买入-1980.76万元。截至2月25日，三六零融资融券余额合计22.73亿元。 融资方面，三六零当日融资买入1.82亿元。当前融资余额22.66亿元，占流通市值的2.57%，融资余额超 过近一年70%分位水平，处于较高位。 融券方面，三六零2月25日融券偿还4500.00股，融券卖出6.76万股，按当日收盘价计算，卖出金额85.11 万元；融券余量57.27万股，融券余额721.01万元，超过近一年90%分位水平，处于高位。 资料显示，三六零安全科技股份有限公司位于北京市朝阳区酒仙桥路6号院2号楼A座，成立日期1992年 6月20日，上市日期2012年1月16日，公司主营业务涉及互联网安全技术的研发、互联网安全产品的设 计、研发、推广,以及基于互联网安全产品的互联网广告及服务、互联网增值服务、智能硬件业务等商 业化服务。主营业务收入构成为：互联网及智能硬件业务92.00%，安全业务6.63%，其他(补充)1.37%。 分红方面，三六零A股上市后累计派现35.35亿元。近三年， ...

【环球时报-环球网报道 特约记者 袁宏】2月26日，中国国家计算机病毒应急处理中心等部门联合发布 的最新报告展示了美国利用技术霸权收割全球虚拟货币资产的过程。据不完全统计，2022—2025年，美 国通过各类案件累计没收全球虚拟货币资产价值超300亿美元，其中仅陈志案单案没收资产规模就达150 亿美元，占比达50%。 26日，中国国家计算机病毒应急处理中心、计算机病毒防治技术国家工程实验室以及360数字安全集 团、安天科技集团股份有限公司联合发布《"头号玩家"——美国技术霸权下的全球虚拟货币资产收割行 动深层解析》，报告结合陈志案、赵长鹏案等典型案例，从区块链技术背景与安全风险切入，系统剖析 美国利用技术霸权收割全球虚拟货币资产的过程逻辑、技术细节，深入解构其国家级网络攻击手段与深 层政治动机，为全球各国应对数字霸权威胁提供参考。 国家计算机病毒应急处理中心高级工程师杜振华在接受《环球时报》采访时介绍了报告出台的背景：国 际机构公开数据显示，截至2026年1月底，全球虚拟货币资产总市值约2.73万亿美元，其中比特币总市 值达到1.57万亿美元。同期，各国央行的黄金储备价值约为5.83万亿美元。"虚拟货币资产市 ...

当前，滨海高新区已聚集海光信息、曙光信息、金海通、三六零、中海油服等一批优质上市公司，同时 拥有全市占比近30%的科技型上市企业。此外，自华苑片区纳入天开园以来，累计培育出天开科创上市 潜力企业25家，占全市55%。 多年来，滨海高新区聚焦新能源、高端装备、信创、生物医药等重点产业链，建立拟上市企业梯度培育 库，依托政策扶持、专业赋能、资本对接等多元举措，精准推动优质科技企业借力资本市场发展壮大。 通过持续加大培育力度、完善科技金融服务体系，滨海高新区正加速推动一批又一批创新型企业登陆资 本市场，以资本市场"活水"润泽实体经济，助推战略性新兴产业高质量发展。 2025年，滨海高新区企业上市综合服务平台正式设立，围绕已上市企业高质量发展与拟上市企业精准培 育指导两大主线，构建分梯度培育机制，常态化开展走访调研、政策宣讲、资源对接、问题协调等一站 式综合资本市场服务，全力支持企业登陆资本市场。目前，该平台已建立起高效成熟的上市后备企业挖 掘机制，不间断挖掘符合条件的优质成长型企业进入培育库，形成"动态跟踪+梯次培育+梯次申报"的 良性发展态势。 中国发展网讯 易武 记者朱波报道 2月10日，随着上海证券交易所一记 ...

Group 1 - The core viewpoint of the articles highlights the rapid evolution and application of AI technologies, particularly in the context of large models and their integration into various sectors, driven by both policy and technological advancements [1][2] - The domestic large model landscape is seeing significant iterations with the release of models like GLM-5 and MiniMax M2.5, focusing on enhancing Agent and multimodal capabilities [1] - The National Development and Reform Commission has issued guidelines to accelerate the application of AI in the bidding and tendering sector, aiming for nationwide implementation by the end of 2027 [1] Group 2 - Three major trends in the evolution of large models are identified: a shift from "brute force expansion" to "deep reasoning," a transition from Chatbots to Agents, and a consolidation of the industry landscape towards leading players and domestic open-source breakthroughs [2] - User habits are evolving from "active questioning" to "automated execution," indicating a significant shift in how AI technologies are utilized [2] - The top ten weighted stocks in the CSI Software Service Index account for 60.27% of the index, with companies like iFLYTEK and Kingsoft leading the way [2]

【东吴计算机】两大模型龙头暴涨，节后大模型如何选股？ 事件：2月20日港股大盘整体走弱背景下，AI大模型龙头逆势大涨。 智谱收盘大涨42.72%，总市值达3232亿港元； MINIMAX收涨14.52%，总市值3042亿港元。 两家均创上市以来新高，2月以来累计涨幅分别达220.51%、105.07%。 我 事件：2月20日港股大盘整体走弱背景下，AI大模型龙头逆势大涨。 MiniMax 智谱收盘大涨42.72%，总市值达3232亿港元； MINIMAX收涨14.52%，总市值3042亿港元。 两家均创上市以来新高，2月以来累计涨幅分别达220.51%、105.07%。 我们梳理了智谱与MiniMax春节期间的催化如下： 智谱 2月上旬，智谱匿名模型PonyAlpha登顶OpenRouter热度榜。 2月12日，发布GLM-5旗舰大模型，编程能力逼近国际顶尖水平。 2月12日，上调GLM编程订阅套餐价格30%起。 2月中旬，GLM-5完成多家国产芯片适配。 【东吴计算机】两大模型龙头暴涨，节后大模型如何选股？ 2月12日，MiniMax上线M2.5旗舰编程模型，性能比肩国际顶尖模型。 2月13日，MiniMa ...

Group 1 - The core point of the article is that Qianxun Intelligent (Hangzhou) Technology Co., Ltd. has recently completed its Series A financing round, raising 2 billion RMB with investments from multiple venture capital firms [1] - The financing round was led by notable investors including Yunfeng Fund, Chaos Investment, Sequoia China, and TCL Venture Capital among others [1] - Qianxun Intelligent was established in 2024 and is primarily engaged in software and information technology services, with a registered capital of 2.373452 million RMB [1] Group 2 - The company has made one external investment according to data from Tianyancha [1] - The legal representative of Qianxun Intelligent is Han Fengtao, and the company's shareholders include Han Fengtao, Hangzhou Wanjing Management Consulting Partnership, and JD Technology Information Technology Co., Ltd. [1] - The Series A financing was completed in 2026, indicating a significant milestone for the company [1]

作者：龚进辉 春节假期接近尾声，今天小米掌门人雷军在社交平台上透露，这个假期好好滑了6天雪，着实过了把 瘾，只不过天公不作美，6天里有4天下雪。"这是我本雪季的第一次滑雪，也是最后一次。"由此可见， 这位科技圈大忙人十分享受惬意的滑雪时光，过年身心得到彻底放松。 事实上，滑雪不仅让雷军尽可能放松，还是灵感的源泉。著名的"飞猪理论"，就是他40岁那年在一次滑 雪过程中顿悟的，并在创办小米过程中获得成功实践。金山办公前董事长葛珂曾评价道，"他滑雪是在 挑战自己，做什么都要做最好，他是天生的完美主义者。"不知不觉，雷军已经滑了22年雪，据说风格 激进，但从未摔伤过，可见他的滑雪技术非常高超。 马云：太极拳 阿里创始人马云自称是一位热爱太极和自由搏击多年的伪拳迷，从大学到现在，他跟过的太极拳老师不 下8位。如果打1988年马云从杭州师范大学毕业算起，其练太极拳的时间超过30年。大学期间，马云遇 到自己的第一位太极师父——冯素贞，冯素贞把壮汉腾空摔了出去，使他对太极拳刮目相看，彻底改变 了太极拳只是老头老太太的活动健身操这一偏见。 2009年，不仅是阿里成立10周年，马云也迎来太极生涯的一个重要转折点。当年年初，马云助 ...

Group 1 - OpenAI CEO Sam Altman praised the rapid development of China's full-stack technology in the AI field, highlighting its impressive progress and global attention [1] - Full-stack technology includes a complete system from underlying chips and hardware infrastructure to operating systems, algorithms, and application scenarios, with China nearing or achieving international advanced levels in several key areas [1] - Chinese companies have made breakthroughs in full-stack technology across three dimensions: deep integration of hardware and software, global impact of open-source ecosystems, and deep penetration into vertical industries [1][2] Group 2 - Alibaba's Feitian enterprise platform has achieved a 30% increase in GPU utilization and a threefold optimization in inference efficiency, significantly reducing the development cycle for intelligent Q&A systems [1][2] - The Qwen series of open-source models from Alibaba has surpassed Meta's Llama in global downloads, creating a "Qwen anxiety" in Silicon Valley, with Nvidia's CEO noting Qwen's growing market share [2] - ZTE's 5G-A full-stack solution has reduced 4K video transmission latency to 50 milliseconds, supporting real-time subtitle generation for the 2025 CCTV Spring Festival Gala [2] Group 3 - OpenAI faces a strategic dilemma between maintaining a closed-source approach and the risk of losing developer ecosystems or shifting to an open-source strategy, leading to a gradual opening of some technology modules starting in late 2025 [2] - Despite performance advantages in optimization and algorithms, the gap between U.S. mainstream models and Chinese developments is rapidly narrowing, with a large and active global developer ecosystem forming around Chinese open-source models [3] - OpenAI is adjusting its strategy to maintain competitiveness, including pursuing a new funding round with a target valuation of $100 billion and exploring diversified revenue sources, such as introducing an advertising model in ChatGPT [3]

第二，开源生态的全球影响力。阿里通义千问Qwen系列开源模型下载量已反超Meta旗下的Llama，在硅 谷引发"Qwen恐慌"。英伟达CEO黄仁勋在2025 GTC大会上直言，Qwen已占据开源模型大部分市场份 额，且领先优势持续扩大。开源模式不仅降低了全球开发者的技术门槛，更通过全球协作加速模型迭 代，形成"降本算力—开源扩散—场景深耕—生态繁荣"的良性循环。 第三，垂直行业的深度渗透。中兴通讯的5G-A全栈解决方案集成算力引擎与智算一体机，将4K视频传 输时延降至50ms，支撑2025年春晚8K直播的实时字幕生成；腾讯云智能驾驶云专区通过跨区容灾架构 优化，使自动驾驶模型训练效率提升30%，车道线识别准确率达99.2%。这些案例表明，中国技术已从 实验室走向产业实战，在广电、汽车等关键领域构建起系统性优势。 面对中国的这种系统性发展模式，OpenAI似乎陷入了两难境地。如果继续闭门造车，无数开发者将被 吸引到更开放、自由的平台；而选择开源，则意味着失去部分商业控制权，却有望聚拢全球生态力量。 这种战略抉择背后，是技术实力与生态构建之间的博弈，也是全球科技格局的一次深度重塑。 OpenAI选择了后者。202 ...

Core Insights - The article highlights the emergence of Ant Group's AI assistant, Ant Aifu, as a leading app during the Spring Festival, surpassing major competitors in downloads, indicating a shift in user preferences towards specialized AI solutions [2][16]. Group 1: User Preferences - Users are increasingly favoring AI applications that provide practical solutions, as demonstrated by Ant Aifu's focus on health, which meets contemporary user needs more effectively than general-purpose models [4][18]. - The success of Ant Aifu reflects a broader trend where users are looking for AI tools that can address specific real-life issues rather than just serve as conversational tools [21][27]. Group 2: Health Awareness - There is a growing emphasis on health among consumers, with a significant increase in the importance placed on health from 78% in 2021 to 87% in 2025, driven by an aging population and increased health consciousness [8][22]. - Ant Aifu has capitalized on this trend by providing features that cater to health management, such as monitoring family health records, which resonates with users, especially in lower-tier cities [9][23]. Group 3: Trust and Reliability - Ant Aifu's success is attributed to Ant Group's extensive experience in the healthcare sector, connecting users with a network of 5,000 hospitals and 300,000 doctors, thus ensuring reliable and timely medical advice [10][24]. - The integration of AI with real medical resources creates a unique value proposition, distinguishing Ant Aifu from other general AI models that lack comprehensive healthcare services [10][24]. Group 4: Market Dynamics - The article notes that despite the dominance of major players like ByteDance and Tencent, the overall growth in active users for top AI applications has shown signs of fatigue, with a notable increase in user engagement for Ant Aifu and Qianwen apps, pushing monthly active users to over 455 million [20][27]. - The marketing strategies employed during the Spring Festival have historically accelerated the adoption of new technologies, with Ant Aifu leveraging this opportunity to establish itself as a trusted health partner [25][27].