行 业 及 产 业 行 业 研 究 / 行 业 点 评 相关研究 《计算机板块持仓分析！CPU、沙箱、 Agent 全面分析！ ——计算机行业周报 20260119-20260124》 2026/01/24 《台积电 CapEx 指引算力需求确定性！ 2025 业绩前瞻！——计算机行业周报 20260112-20260116》 2026/01/17 证券分析师 黄忠煌 A0230519110001 huangzh@swsresearch.com 洪依真 A0230519060003 hongyz@swsresearch.com 刘洋 A0230513050006 liuyang2@swsresearch.com 研究支持 崔航 A0230524080005 cuihang@swsresearch.com 曹峥 A0230525040002 caozheng@swsresearch.com 陈晴华 A0230525100001 chenqh@swsresearch.com 罗宇琦 A0230124070004 luoyq@swsresearch.com 联系人 王开元 A0230125030001 wangky ...

Investment Rating - The report indicates a positive outlook for the AI Agent and 3D printing sectors, highlighting significant growth potential and investment opportunities in these areas [2][22]. Core Insights - The AI Agent field is experiencing rapid breakthroughs in ecological positioning, engineering, and personalization, with notable advancements in task completion capabilities [2][3]. - The collaboration between SiKan Technology and TuoZhu is expected to drive demand for consumer-grade 3D scanners, facilitating the growth of the 3D printing market [2][22]. - The report emphasizes the importance of AI Agents as efficiency amplifiers, suggesting that they will enhance existing software ecosystems rather than disrupt them [17]. Summary by Sections AI Agent Developments - Recent updates in the AI Agent domain include the launch of MiniMax's desktop and "expert agent," which integrates AI into local work environments [18]. - The Clawdbot project has gained significant attention, demonstrating the feasibility of a system-level AI agent capable of executing complex workflows autonomously [4][11]. - The Kimi 2.5 release enhances agent cluster capabilities, allowing for high-level office automation and significantly reducing end-to-end processing time by up to 80% [19][23]. 3D Printing Market - The consumer-grade 3D printing market is entering a rapid expansion phase, driven by lower prices and simplified operations, with a projected growth rate of 52.5% in 2025 [22][39]. - The partnership between SiKan Technology and TuoZhu aims to develop consumer-grade 3D scanners, which will lower the entry barrier for 3D printing by enabling users to create high-precision models without extensive modeling skills [22][39]. - The report identifies key players in the 3D printing industry, including SiKan Technology and TuoZhu, as well as emerging opportunities in the consumer market [43]. Investment Opportunities - The report recommends focusing on sectors such as digital economy leadership, AIGC applications, and new industrialization, highlighting specific companies for potential investment [22][43]. - The AI application layer's investment logic is shifting towards evaluating how AI can enhance product efficiency and user engagement, indicating a potential valuation premium for companies that can deliver reliable AI solutions [16][17].

Core Viewpoint - The stock of Sikan Technology (Hangzhou) Co., Ltd. has experienced an abnormal trading fluctuation, with a cumulative closing price increase of over 30% in two consecutive trading days, prompting a disclosure announcement [2][5]. Group 1: Stock Trading Abnormality - The company's stock price increased by a cumulative deviation of over 30% on January 29 and January 30, 2026, which is classified as an abnormal trading situation according to the Shanghai Stock Exchange rules [2][5]. - The company has conducted a self-examination and confirmed that there are no undisclosed significant information regarding the company from its controlling shareholders or actual controllers [2][6]. Group 2: Business Operations - The company reports that its production and operational activities are normal, with no significant changes in the market environment or industry policies [6]. - There are no undisclosed major events such as mergers, acquisitions, or significant transactions that could impact the company's stock price [7][10]. Group 3: Contractual Agreement - The company has signed a framework agreement with Shenzhen Tuozhu Technology Co., Ltd., which is related to daily operational sales; however, the specific amounts are not defined, leading to potential uncertainties in future business contributions [3][11]. - The company has disclosed this framework contract on January 30, 2026, and emphasizes that the execution of this contract may be affected by external macroeconomic changes or unforeseen circumstances [3][11]. Group 4: Market Sentiment - There is heightened market attention regarding the collaboration with Tuozhu Technology, but no significant media reports or market rumors have been identified that could impact the stock price [9].

证券代码：688583 证券简称：思看科技 公告编号：2026-006 思看科技（杭州）股份有限公司 股票交易异常波动公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者 重大遗漏，并对其内容的真实性、准确性和完整性依法承担法律责任。 重要内容提示： 1 经公司自查，并经向公司实际控制人、控股股东及其一致行动人发函证实： 截至本公告披露日，除在指定信息披露网站及信息披露媒体上已公开披露的信息 外，公司与控股股东、实际控制人及其一致行动人不存在应披露而未披露的重大 信息，包括但不限于并购重组、股份发行、重大交易类事项、债务重组、 业务 重组、股份回购、资产剥离、重大业务合作和资产注入等重大事项。 思看科技（杭州）股份有限公司（以下简称"思看科技"或"公司"或"本 公司"）股票交易连续 2 个交易日内日收盘价格涨幅偏离值累计达到 30%， 根据《上海证券交易所科创板股票上市规则》《上海证券交易所交易规则》 等有关规定，属于股票交易异常波动情形。 经公司自查并向公司控股股东、实际控制人及其一致行动人发函询证，截至 本公告披露日，公司控股股东、实际控制人及其一致行动人不存在关于公司 的应披露而 ...

南财智讯1月30日电，思看科技公告，公司股票交易于2026年1月29日、2026年1月30日连续2个交易日内 收盘价格涨幅偏离值累计超过30%，根据《上海证券交易所科创板股票上市规则》《上海证券交易所交 易规则》等有关规定，属于股票交易异常波动情形。经公司自查并向控股股东、实际控制人及其一致行 动人发函询证，截至本公告披露日，公司控股股东、实际控制人及其一致行动人不存在应披露而未披露 的重大信息；公司目前生产经营正常，未发生重大变化；除已披露的与深圳拓竹科技有限公司签订日常 经营框架合同事项外，公司不存在并购重组、股份发行、重大交易、债务重组、业务重组、股份回购、 资产剥离、重大业务合作和资产注入等应披露而未披露的重大事项；公司董事、高级管理人员、控股股 东、实际控制人及其一致行动人在异常波动期间均不存在买卖公司股票的行为。 ...

思看科技发布异动公告，公司股票交易连续2个交易日内日收盘价格涨幅偏离值累计达到30%，根据 《上海证券交易所科创板股票上市规则》《上海证券交易所交易规则》等有关规定，属于股票交易异常 波动情形。经公司自查，市场近期对与拓竹科技建立合作关注度较高。本次签署合同为框架性合同，未 明确约定具体金额，截至目前，也未有在手订单。除上述已说明的情况外，公司未发现对公司股票交易 价格可能产生重大影响的媒体报道及市场传闻。 ...

Market Overview - The general equipment sector experienced a decline of 0.13% on January 30, with New Jin Power leading the losses [1] - The Shanghai Composite Index closed at 4117.95, down 0.96%, while the Shenzhen Component Index closed at 14205.89, down 0.66% [1] Top Performers - SiKan Technology (688583) saw a significant increase of 20.00%, closing at 128.68 with a trading volume of 12,300 [1] - Zhenglei Co., Ltd. (301317) rose by 13.37%, closing at 42.15 with a trading volume of 108,900 [1] - Oke Yi (688308) increased by 11.26%, closing at 53.25 with a trading volume of 95,700 [1] - Rui Xin Technology (300828) gained 10.02%, closing at 23.83 with a trading volume of 120,670 [1] - Baida Precision (603331) rose by 9.99%, closing at 15.63 with a trading volume of 316,900 [1] Underperformers - New Jin Power (300157) fell by 10.41%, closing at 5.68 with a trading volume of 1,903,900 [2] - Jiuling Technology (920505) decreased by 10.27%, closing at 51.80 with a trading volume of 40,900 [2] - Huanghe Xuanfeng (600172) dropped by 10.03%, closing at 6.55 with a trading volume of 2,199,900 [2] - Huifeng Diamond (920725) declined by 9.31%, closing at 33.72 with a trading volume of 69,800 [2] - Baoding Technology (002552) decreased by 9.24%, closing at 19.25 with a trading volume of 236,500 [2] Capital Flow - The general equipment sector saw a net outflow of 3.508 billion yuan from institutional investors, while retail investors had a net inflow of 3.369 billion yuan [2] - The sector experienced a net inflow of 139 million yuan from speculative funds [2] Individual Stock Capital Flow - JuLi SuoJu (002342) had a net inflow of 135 million yuan from institutional investors, while it faced a net outflow from speculative and retail investors [3] - Baida Precision (603331) saw a net inflow of 73.68 million yuan from institutional investors, with outflows from both speculative and retail investors [3] - New Jin Power (300157) had a net inflow of 34.49 million yuan from institutional investors, but faced significant outflows from speculative and retail investors [3]

【国产替代之光，科创自立自强】 值得关注的是，字节与阿里拟于2026年2月中旬春节假期同步发布新一代AI模型（字节豆包2.0多模态矩阵、阿里Qwen3.5），这是双方在C端应用入口、B端 云服务与AI生态主导权上的正面决战，将重塑中国AI应用格局并拉动上游算力需求。 国海证券认为，阿里、字节等头部玩家生态化竞争下，中小型AI应用有望加速接入巨头生态换取流量，或聚焦垂直领域开拓新空间。基于行业生态化、场 景化演进带来的结构性机遇。 值得关注的是，科创人工智能ETF（589520）标的指数全面覆盖应用软件、终端应用、终端芯片、云端芯片四大环节，AI产业链正由云端向边缘侧发展，从 依赖海外技术向自主可控发展，科创人工智能方向受益于端侧芯片、软件AI化进程提速，更契合AI产业链当下现状，或具备更大潜力。 | | | 成分股举例 | | --- | --- | --- | | | 33.80% | 金山办公、中科星图、道通科技、云从科技 | | SIF WE | 15.23% | 奥比中光、凌云光、 白头科技、 审白网络 | | | 26.33% | 芯原股份、 旧家科技, 品层股份 乐鑫科技 | | | 24.64% ...

Group 1 - The core focus is on the domestic AI industry chain, with the Science and Technology Innovation Artificial Intelligence ETF (589520) experiencing a price increase of 1.46% after two consecutive days of net capital inflow totaling 14.72 million yuan [1][8] - Major players in the AI sector, including ByteDance and Alibaba, are set to release new AI models in mid-February 2026, marking a significant competitive shift in the AI application landscape in China [3][11] - The ETF's index comprehensively covers four key segments: application software, terminal applications, terminal chips, and cloud chips, indicating a shift from reliance on foreign technology to self-sufficiency in the AI industry [3][11] Group 2 - Notable stocks within the ETF include Sikan Technology, which saw a 20% increase, and Lanke Technology, which rose over 13%, reflecting strong market performance [2][10] - The ETF's composition includes leading domestic GPU and ASIC companies, with nearly 70% of the top ten holdings and a significant focus on the semiconductor industry, indicating a robust growth potential [6][13] - The ETF serves as an efficient tool for investors looking to gain exposure to domestic computing power, being a financing and margin trading target [6][13]

1月30日，半导体、硬件设备板块午后持续走高，截至发稿，杰普特、致尚科技、思看科技20%涨 停，长江通信、环旭电子、利通电子、长飞光纤等涨停。 | 名称 | 现价 | 涨跌幅 ▼ | 涨跌 | 换手率 | | --- | --- | --- | --- | --- | | 杰普特 | 161.70 | 20.00% | 26.95 | 6.66% | | 思看科技 | 128.68 | 20.00% | 21.45 | 3.93% | | 致尚科技 | 198.37 | 20.00% | 33.06 | 11.61% | | 天孚通信 | 253.86 | 13.33% | 29.86 | 7.70% | | 衡东光 | 371.40 | 12.14% | 40.20 | 13.05% | | 太辰光 | 123.16 | 11.16% 12.36 | | 18.74% | | 联特科技 | 225.81 | 11.24% | 22.81 | 20.95% | | 长江通信 | 35.93 | 10.01% | 3.27 | 10.92% | | 利通电子 | 37.40 | 10.00% | 3.40 | ...