智通财经2月27日讯（编辑 冯轶）今日港股2月行情正式收官。据Wind数据显示，2月南向资金累计净流入约905.75亿港元，为近3个月以来的单月新高。 需要指出的是，考虑到春节假期影响，本月港股通仅有14个交易日，日均流入达64.69亿港元，环比1月增长近9成，实际呈现爆发式流入。 其中，有5个交易日单日净买入规模超过百亿，且频频刷新阶段性纪录。 可以看到，尽管港股大市行情2月震荡走弱，但在恒指中枢下移过程中，南向资金仍在主动加仓。 | | 南向资金2月流向 | | | --- | --- | --- | | 所属行业 | 净买卖金额(亿) | 占行业总市值 | | 资讯科技业 | 393.72 | -1.1 | | 非必需性消费 | 211.96 | -1.04 | | 地产建筑业 | 99.4 | 0.35 | | 要鄙亦 | 97.62 | 0.95 | | 能源业 | 61.57 | 0.75 | | 必用事业 | 26.96 | 50'0 | | 工业 | 26.06 | 0.46 | | 医疗保健业 | 18.04 | -0.5. | | 综合企业 | 1.82 | 0.01 | | 必需性消费 ...

成交额前三的个股中，腾讯控股涨1.17%，成交超167亿港元；阿里巴巴跌0.07%，成交超127亿港元； 长飞光纤光缆涨10.06%，成交91亿港元。 编辑：罗浩 转自：新华财经 新华财经香港2月27日电（记者林迎楠）27日，港股主要指数高开，截至收盘，恒生指数上涨0.95%至 26630.54点，恒生科技指数上涨0.56%至5137.84点，国企指数上涨0.51%至8859.49点。 当日恒指高开66.03点，开报26447.05点，开盘震荡向上，午后在高点附近波动，最终恒指涨249.52点， 主板成交超2884亿港元。当日，港股通（南向）净流入超149亿港元。 整体来看，黄金、生物医药、科网、煤炭、高铁基建、石油与天然气、电信等股多为上涨，有色金属、 商业航天、银行、房地产等股有涨有跌，新消费、芯片、新能源车企、券商、航天等股多有下跌。 个股方面，小米集团跌0.80%，中国平安涨0.22%，商汤涨4.92%，中芯国际涨0.59%，智谱涨3.32%，美 团涨0.87%，快手跌1.18%，汇丰控股涨1.59%，MINIMAX-WP跌3.17%，东方电气跌2.27%，老铺黄金 涨3.58%，工商银行涨0.47% ...

Core Insights - On February 27, 2026, the top three stocks by trading volume in the Southbound Stock Connect were Yingfu Fund (02800), Tencent Holdings (00700), and Alibaba-W (09988), with trading volumes of 6.861 billion, 2.764 billion, and 2.741 billion respectively [1] - In the Southbound Stock Connect of the Shenzhen-Hong Kong Stock Connect, Tencent Holdings (00700), Alibaba-W (09988), and Southern Hang Seng Technology (03033) were the top three stocks, with trading volumes of 2.883 billion, 2.415 billion, and 2.051 billion respectively [1] Southbound Stock Connect (Hong Kong) - The top active stocks by trading volume included: - Yingfu Fund (02800) with a trading amount of 6.861 billion and a net buying amount of +6.777 billion - Tencent Holdings (00700) with a trading amount of 2.764 billion and a net buying amount of +0.236 billion - Alibaba-W (09988) with a trading amount of 2.741 billion and a net selling amount of -0.193 billion - Other notable stocks included Changfei Optical Fiber (06869) and Hang Seng China Enterprises (02828) with trading amounts of 2.335 billion and 1.817 billion respectively [2] Southbound Stock Connect (Shenzhen) - The top active stocks by trading volume included: - Tencent Holdings (00700) with a trading amount of 2.883 billion and a net buying amount of +0.996 billion - Alibaba-W (09988) with a trading amount of 2.415 billion and a net buying amount of +0.531 billion - Southern Hang Seng Technology (03033) with a trading amount of 2.051 billion and a net buying amount of +2.039 billion - Other notable stocks included Yingfu Fund (02800) and Changfei Optical Fiber (06869) with trading amounts of 1.613 billion and 1.220 billion respectively [2]

Core Viewpoint - Samsung has launched the S26 Ultra, featuring the world's first anti-peep screen that prevents unauthorized viewing from a hardware level, eliminating the need for privacy films [1][4]. Group 1: Product Features - The anti-peep screen allows clear visibility when viewed directly, even in sunlight, while obscuring content from angles beyond approximately 30 degrees [4][8]. - It supports localized anti-peep functionality, automatically activating for sensitive notifications and allowing users to customize which apps trigger this mode [7][8]. - The screen employs a dual-pixel architecture, with one set for regular viewing and another for narrow-angle anti-peep, enhancing user privacy without compromising display quality [8][9]. Group 2: Market Response and Competition - Domestic manufacturers are actively developing similar hardware anti-peep technologies, with companies like BOE and Tianma working on related patents and products [13][15]. - Major Chinese brands such as Xiaomi, OPPO, Vivo, and Honor are collaborating with panel manufacturers to test and implement these technologies in upcoming flagship devices [15]. Group 3: Pricing and Market Position - The starting price for the Samsung S26 Ultra is 9,999 yuan, which is approximately 300 yuan more than its predecessor, the S25 Ultra [12]. - The maintenance cost for the new screen technology is expected to be higher than that of standard screens, indicating a premium positioning in the market [12].

马年开工第一天，华为与小米不约而同地宣布好消息，在商誉保卫战中获得胜诉。两场官司如同两颗信 号弹，照亮了车企与黑公关厮杀的隐秘战场。 然而，聚光灯外一场关于"谁是幕后黑手"的猜谜游戏正在上演。这一次，蔚来汽车李斌被卷入其中，成 了背锅侠而蒙冤受屈。 1. 华为小米挥重拳 新年开工第一天，华为与小米这对在手机，以及汽车等多个领域竞争激烈的"欢喜冤家"，竟在同一个战 场——商誉保卫战中，展现出了惊人默契。 2月24日，华为鸿蒙智行赋能的尊界，在法务部官微上宣布，起诉自媒体"赛车星冰乐"一案获得胜诉。 "赛车星冰乐"此前高调声称要"反诉索赔250万"，如今却被法院判令公开赔礼道歉，并赔偿30万元。 具体原因是其对尊界S800进行编排、拟化、夸张等方式的描述与展示，构成诋毁。 这一金额创下近期企业商誉维权的新高，彰显了小米捍卫品牌声誉的铁腕决心。 2. 蔚来掌门人旋涡 华为尊界与"赛车星冰乐"的官司清晰明了，这位个人网络大V的败诉，并未引发太多后续涟漪。 同一天，小米法务部也在官微上披露胜诉消息，其起诉自媒体"AutoReport汽车产经"的名誉权纠纷案一 审判决生效，小米获赔500万元。 具体原因是"该账户在多个网 ...

Core Viewpoint - The smartphone industry is expected to face a significant price increase due to rising procurement costs of storage chips, with major brands planning to adjust prices starting in March 2026, marking the largest collective price hike in five years [1][7]. Group 1: Price Increase - The upcoming price adjustments are driven by pressure from the procurement costs of smartphone storage chips [1][7]. - This price increase is anticipated to be the most significant in the last five years, affecting multiple leading smartphone brands [1][7]. Group 2: Consumer Recommendations - Consumers are encouraged to purchase high-memory flagship smartphones before the price increase, with promotions available on platforms like JD.com, offering discounts and trade-in options [1][6][11]. - Specific models highlighted for their value include: - Huawei Mate 80 with 12GB+512GB priced at 4699 yuan after a 500 yuan discount [3][9]. - REDMI Note 15 Pro with 12GB+512GB priced at 1399.1 yuan after a 15% discount [3][9]. - OPPO Find X9 Pro with 16GB+512GB priced at 5299 yuan after a 500 yuan discount and an additional 100 yuan purchase gift [3][9].

Core Insights - The January 2026 automotive market did not meet expectations due to reduced subsidies, leading to a significant reshuffling in the SUV rankings [1][20] - The emergence of new models like Xiaomi YU7 and Geely's Boyue L indicates a shift in consumer preferences as traditional "hero cars" decline [1][20] SUV Rankings - Xiaomi YU7 topped the January SUV sales with 37,869 units, marking a notable success despite negative online sentiment [3][12] - Geely's Boyue L followed closely with 34,176 units, making a strong debut after previously being outside the top ten [3][12] - The AITO M7 secured third place with 26,454 units, benefiting from brand strength and competitive pricing [3][13] Market Dynamics - The Tesla Model Y, a long-time best-seller, fell to 12th place with 16,845 units, attributed to pre-ordered sales in December and prioritization of exports [5][15] - Other popular models from BYD, such as Yuan and Song, did not appear in the top twenty, indicating a potential decline in their market presence [7][17] - The overall trend shows a resurgence of traditional gasoline vehicles, with more models entering the top ten compared to December, suggesting a return to familiar market dynamics [10][20]

（图片来源：摄图网） 2月27日，魅族科技发布战略转型公告，宣布"暂停国内手机新产品自研硬件项目"，并坦言"内存价格持续暴 涨让下一步新产品的正常商业化变成了不可为" 这份声明，为持续数日的退市传闻画上了官方注脚——尽管 魅族否认破产重组、业务停摆等说法，但"暂停自研硬件"的实质，标志着这家曾被誉为"国产智能机之父"的 企业，正式退出主流智能手机市场竞争。 回看魅族的发展历程，2003 年，黄章在珠海创立魅族，以MP3播放器起家。2009 年，首款自研智能手机M8 上市，五个月销售额破5亿元，开创国产智能机先河。彼时魅族跻身国产手机第一阵营，与小米、OPPO、 vivo 等并称国产主流品牌，Flyme系统以极简设计和流畅体验赢得"小而美"口碑。 然而转折发生在2017年。PRO 7系列"智窗"设计遭遇滑铁卢，此后销量持续下滑，2019年跌破千万台，2023 年全球销量约280–300万台、份额不足0.3%。2022年吉利旗下星纪时代收购魅族后，推出 20、21、22 系列 试图重振，但2025年全年销量仅约80–98万台。原计划2026年发布的魅族23系列，因"内存成本大幅上涨"已 实质停摆。 魅族在公告中无 ...

据CounterPoint Research提供的数据显示，2025年12月的全球手机市场平均内存达到了8.4GB RAM，相 比2024年同期的7.8GB RAM提升了0.6GB RAM，创造了手机平均内存的新高。 据CounterPoint Research提供的数据显示，2025年12月的全球手机市场平均内存达到了8.4GB RAM，相 比2024年同期的7.8GB RAM提升了0.6GB RAM，创造了手机平均内存的新高。 从各价位段数据来看，售价超过600美元的旗舰手机提升显著，从9GB RAM左右提高到了将近11GB RAM，新款机型基本已标配12GB RAM内存。售价400-599美元的高端机型，平均内存提升并不显著， 目前数据仍低于10GB RAM。100-399美元的中端机型与100美元以下的入门机型，平均内存容量小于 8GB RAM和6GB RAM。 在手机品牌方面，华为手机的平均内存达到了12GB RAM，率先实现了12GB RAM内存的普及，斩获品牌第 一。苹果占据第二，其手机的平均内存小于10GB RAM。三星和小米的平均内存小于8GB RAM，毕竟这 两家在全球市场出货了大量中低端 ...

证券研究报告 AI智能汽车3月投资策略： L3/L4开启征求意见，北美Robotaxi加速，看好智能化 目录 一、AI智能汽车投资框架 二、L4 RoboX 月度跟踪 三、L2-L3智能化C端月度跟踪 五、智能化供应链跟踪 四、智能化终端体验跟踪 六、风险提示 证券分析师 ：黄细里 执业证书编号：S0600520010001 联系邮箱：huangxl@dwzq.com.cn 联系电话：021-60199793 2026年2月27日 请务必阅读正文之后的免责声明部分 核心结论 2 ◼ 2月智能化边际变化总结：国标L3/L4开启征求意见，智驾或开启DeepSeek时刻。国内监管持续跟进，工信部 就L3/L4自动驾驶安全要求等五项强标公开征求意见。特斯拉Cybercab在德州超级工厂正式下线，实现"无方 向盘/无油门"的硬件落地；Waymo新增4座运营城市。小鹏汽车明确2026年为"全自动驾驶拐点"，提出智 驾的"DeepSeek时刻"，并将智驾与座舱中心合并为"通用智能中心"，二代VLA大模型即将推送。 ◼ 3月智能化催化：持续关注法规边界，跟踪L4、L3落地体验。跟踪工信部五项强标征求意见反馈及最终定稿时 间表 ...