大年初四，港股马年开启首个交易日。 然而，第一天没等来开门红，三大指数早间低开后持续震荡走低。截止收盘，恒生指 数跌 1.10%，恒生科技指数下跌2.91% 。 得益于假期较多催化事件，其中就包括春晚超高热度的机器人表演，今天逆势暴涨的板块落在了 AI 、机器人等科技主题。 看了表演的股民都不禁感叹：为什么除夕夜不开盘？ 作者 | 弗雷迪 数据支持 | 勾股 大数 据（www.gogudata.com） 多家外国媒体报道，在近几日美军向中东大幅增兵后，美国军方已做好最早在本周末对伊朗发动打击的准备。不过，美国总统特朗普尚未最终 决定。 受上述消息影响， 国际油价、金价、银价同步拉升 ，当晚 WTI 原油、 ICE 布油盘中涨幅均超过 2% ；纽约金主连价格突破 5000 美元 / 盎司；纽约银主连价格突破 77 美元 / 盎司，欧线集运价格最高飙超 6% 。 港股今天油气、航运板块开盘即迅速拉升，两桶油各涨超 3% 。 | | | | 港股行业表现 | | | | --- | --- | --- | --- | --- | --- | | 序号 | 代码 | 名称 | 最新价 | 涨跌额 | 涨跌幅 √ | ...

据不完全统计，此次亮相春晚的机器人企业中，宇树科技、银河通用、松延动力均为首程控股的被投公司。其中，松延动 力在春晚开演前官宣参演，首程控股正是其第一大外部投资机构，自2024年领投后持续加码；而宇树科技更是第三次登上 春晚舞台，首程不仅提供了资金支持，还为其链接了销售代理与场景资源。 2月20日，首程控股(0697.HK)盘中大涨超12%，报2.36港元，创去年10月以来新高。消息面上，2026年丙午马年春晚，机器 人节目再度刷屏。从宇树科技的灵动机器狗到银河通用的具身智能机器人，多家硬科技企业同台竞技。而在这些闪耀身影 的背后，一家港股上市公司——首程控股（0697.HK)悄然成为最大"幕后赢家"。 港股频道更多独家策划、专家专栏，免费查阅>> 责任编辑：安东 ...

Group 1 - The core theme of the news revolves around the significant rise in interest and sales of robotics following the Lunar New Year Gala, which featured various robot performances that captivated audiences and sparked social media discussions [1][2] - The stock prices of several robotics companies surged, with Yujiang up over 21%, Sutech up over 8%, and others also showing notable increases, indicating a strong market response to the robotics trend [1] - The event highlighted the integration of robotics into cultural performances, showcasing how technology can enhance traditional art forms and engage audiences in new ways [3][4] Group 2 - The Lunar New Year Gala, themed "Dreams into Reality," featured robots as active participants in performances, marking a shift in public perception of robots from mere tools to creative collaborators [2][3] - Shenzhen's rapid advancements in artificial intelligence and robotics were emphasized, with local officials noting that iterations in technology are occurring weekly rather than annually, showcasing the dynamic growth of the industry [3] - The gala included various performances that blended technology with traditional culture, such as martial arts and music, demonstrating China's capability in merging hard technology with cultural expression [3][4][5] Group 3 - The event also addressed emotional themes in the context of technology, suggesting that despite advancements, human emotions remain irreplaceable, as illustrated by a comedic skit about family dynamics with a robot [4] - The gala featured a diverse range of robotic applications, from industrial to domestic, providing a comprehensive view of the capabilities of the Chinese robotics industry [5] - The introduction of a robot host and the participation of a world-class model alongside robots highlighted the elegance and warmth of Chinese manufacturing, reinforcing the idea that robots can be partners in creativity rather than just tools [4][5]

首程控股(0697.HK)盘中大涨超12%，报2.36港元，创去年10月以来新高。消息面上，2026年丙午马年春晚，机器人节目再度刷屏。从宇树科技的灵动机器 狗到银河通用的具身智能机器人，多家硬科技企业同台竞技。而在这些闪耀身影的背后，一家港股上市公司——首程控股（0697.HK)悄然成为最大"幕后 赢家"。 据不完全统计，此次亮相春晚的机器人企业中，宇树科技、银河通用、松延动力均为首程控股的被投公司。其中，松延动力在春晚开演前官宣参演，首程 控股正是其第一大外部投资机构，自2024年领投后持续加码；而宇树科技更是第三次登上春晚舞台，首程不仅提供了资金支持，还为其链接了销售代理与 场景资源。 ...

Group 1 - The Spring Festival Gala showcased humanoid robots performing martial arts, impressing audiences and sparking discussions about China's technological advancements compared to the West [1][3][4] - Multiple Chinese startups, including Yuzhu Technology, Galaxy General, Songyan Power, and Magic Atom, presented their humanoid robots during the gala, demonstrating complex movements and interactions with human performers [3][4] - The gala achieved a total media reach of 23.063 billion, a 37.3% increase year-on-year, with a peak online viewership exceeding 400 million [3] Group 2 - Western media and netizens reacted positively to the performance, with comments highlighting the rapid advancements in Chinese humanoid robotics and calling for increased efforts from Western counterparts like Elon Musk's Tesla [4][9] - An analysis by The Economist noted that over 14,500 humanoid robots were delivered globally last year, with almost all produced in China, while Tesla's Optimus robot had only delivered 150 units [9][12] - Morgan Stanley predicts that China's humanoid robot sales will double to 28,000 units this year, indicating a growing competitive landscape in the robotics industry [12]

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]

Core Insights - The article highlights the rapid advancements in AI technology in China, particularly during the recent Spring Festival, showcasing the evolution of AI applications and their integration into daily life [4][6][12]. Group 1: AI Development and Impact - The performance of robots during the Spring Festival Gala has significantly improved, evolving from simple displays to sophisticated demonstrations, which has garnered international attention and admiration for China's technological progress [4][9]. - Tencent's announcement of over 50 million daily active users (DAU) and 114 million monthly active users (MAU) for its AI product "Yuanbao" indicates a strong adoption of AI among the Chinese population, marking a significant milestone in user engagement with AI technology [7]. Group 2: Competitive Landscape - The article emphasizes that the global AI competition is primarily between the United States and China, with India attempting to position itself as a contender but facing challenges, as illustrated by a recent incident involving a misrepresented AI product [12][13]. - The diversity of AI applications in China, such as Yuanbao, Doubao, and Qianwen, reflects a vibrant and competitive landscape where multiple players are innovating and providing accessible AI solutions to the public [15]. Group 3: Future of AI in Society - The integration of AI into everyday life is transforming social interactions, making AI tools more accessible and user-friendly, which is expected to enhance digital literacy and future competitiveness among the population [15][16]. - The article suggests that the next phase of AI development will focus more on practical applications rather than just technological advancements, leveraging China's robust internet infrastructure and large user base to drive innovation [16].

节目播出后，其市场热度迅速攀升，京东平台机器人搜索量环比暴涨300%，订单量上涨150%。目前该 款机器人售价为8.5万元，已进入家庭、文旅等多个应用场景。 宇树科技已是第三次登上春晚舞台，此次表演展现了其毫米级动作精度与复杂地形自适应能力。伴随春 晚效应，人形机器人行业加速商业化进程，预计2026年将成为"人形机器人商业化元年"。同时，中国存 续的人形机器人相关企业已达870家。 免责声明：本文内容与数据由观点根据公开信息整理，不构成投资建议，使用前请核实。 观点网讯：2月20日据报道，2026年央视马年春晚成为"机器人含量"最高的一届，多家人形机器人企业 展示了超200台机器人，参与12个节目，其中宇树科技G1人形机器人以武术翻腾、集群跑酷等高难度动 作引发广泛关注。 ...

Market Overview - On February 20, the Hong Kong stock market experienced a decline on its first trading day of the Year of the Horse, with the Hang Seng Index, Hang Seng Tech Index, and other indices showing weakness, particularly the Hang Seng Tech Index which fell over 2% [1][8] - The Hang Seng Index closed at 26,544.62, down 161.32 points or 0.60%, while the Hang Seng Tech Index was at 5,245.10, down 122.42 points or 2.28% [2][9] AI and Robotics Sector Performance - Despite the overall market decline, AI application stocks surged, with Haizhi Technology Group rising over 28% to a peak of 154.4 HKD per share, marking a new high since its listing. Other notable gains included Zhiyuan up nearly 20%, and Yujian up over 18% [2][9] - The Spring Festival Gala showcased humanoid robots from four companies, highlighting advancements in robotics and AI technology, which have garnered significant public interest [4][11] - Douyin e-commerce reported a substantial increase in sales of robot products during the Spring Festival, with GMV growing 1680% and order volume increasing 655% from February 16 to 18 [4][11] Industry Insights - Dongwu Securities emphasized that advancements in core robotic capabilities are crucial for the technology's transition from laboratory to factory settings [5][12] - According to a recent report by招商证券, the AI application sector is witnessing simultaneous technological breakthroughs and intensified commercial competition, supported by national strategies for long-term development [6][12] - The report also noted that while index valuations are slightly high, the dual drivers of industry trends and policy benefits suggest potential upward movement in the market [6][12] Storage Sector Developments - On the same day, storage concept stocks in Hong Kong showed slight gains, with companies like 澜起科技 rising over 8% and 兆易创新 nearly 4% [6][12] - Reports indicated that Samsung Electronics is negotiating pricing for its latest generation of AI storage chips, which could be up to 30% higher than the previous generation [6][12]

Core Viewpoint - The article discusses the significance of the "2026 India AI Impact Summit" held in New Delhi, emphasizing India's ambition to establish itself as a leader in the global AI landscape, particularly in the context of competition with the US and China [5][19]. Group 1: Summit Overview - The summit attracted over 40 global tech CEOs and representatives from 20 countries, with an expected investment commitment of up to $100 billion [5]. - Unlike previous AI safety summits dominated by Western themes, India focused on the potential of AI to aid developing nations, showcasing a more optimistic outlook [5]. Group 2: US-India AI Collaboration - Major US tech leaders, including Google and OpenAI, participated, indicating a strong alignment between Indian and American tech interests [7][8]. - OpenAI signed a significant deal with Tata Consultancy Services, marking its entry into the Indian market with a data center capacity of 100 megawatts [8]. - Microsoft reaffirmed its commitment to invest $50 billion in India by 2030, building on a previous investment of $17.5 billion [9]. Group 3: Infrastructure Investments - Reliance Industries announced a massive $110 billion investment in AI infrastructure over the next seven years, highlighting the scale of commitment from Indian conglomerates [8]. - Google plans to invest up to $15 billion in building an AI hub in Andhra Pradesh, further solidifying the US's role in India's AI development [17]. Group 4: Local AI Ecosystem - Indian AI startups are increasingly integrating with Silicon Valley, with Nvidia collaborating with local venture capital to invest in over 4,000 Indian companies [9]. - Despite the enthusiasm, the stock market response to local AI firms has been mixed, as seen with Fractal Analytics, which saw its IPO drop 7% on the first day [10]. Group 5: Geopolitical Implications - The article highlights India's strategic choice to align more closely with the US in AI development, moving away from China's open-source model, which is more suited for developing countries [16]. - India's AI strategy focuses on becoming a major consumer market for mainstream AI technologies rather than competing directly in foundational research [16]. Group 6: Challenges and Criticism - The summit faced organizational challenges, including a notable absence of key figures like Bill Gates, which raised questions about the event's execution [12]. - There are concerns about India's ability to negotiate effectively with US tech giants, potentially leading to a lack of benefits for the local population [21].