内容概要：网络安全服务为组织提供全流程安全保障，维护网络空间与数据资产安全，支撑业务稳定运 行，其价值体现在技术防御、管理提升与应急响应三方面。当前，国内外网络安全形势严峻，我国出台 多项政策，从多维度明确安全要求，为网络安全服务行业指明方向、拓宽市场。近年来，新一代信息技 术推动各行业变革，数字经济成为新动能，软件与信息技术服务市场规模扩容，也带动网络安全服务市 场快速增长，且加速向服务化转型，安全服务成核心增长引擎，预计到2027年市场规模将突破328.8亿 元。重点细分市场中，数据安全服务增长强劲，安全运营与托管服务稳健，安全咨询与评估平稳演进， 安全培训服务增速显著。未来，行业将朝着技术智能化、合规主动化、生态协同化方向演进，AI与安 全深度融合，政策推动主动治理，国产化加速构建完整生态，实现高质量发展。 上市企业：深信服（300454.SZ）、奇安信（688561.SH）、启明星辰（002439.SZ）、天融信 （002212.SZ）、绿盟科技（300369.SZ）、安恒信息（688023.SH）、迪普科技（300768.SZ）、三六零 （601360.SH）、亚信安全（688225.SH）、电科网 ...

Core Insights - The article highlights the rapid growth and development of China's artificial intelligence (AI) industry, showcasing significant user adoption and innovation across various sectors [3][4][14][24][31]. Group 1: AI Industry Growth - By the end of 2025, China's generative AI user base is projected to reach 602 million, a 141.7% increase from the end of 2024, with a penetration rate of 42.8%, up 25.2 percentage points year-on-year [3]. - The AI industry in Beijing has surpassed 2,400 companies, including 46 listed firms and 36 unicorns, accounting for over half of the national total [4]. - Shanghai's AI industry is expected to exceed 550 billion yuan in scale by the end of 2025, with a year-on-year growth rate of over 30% [14]. Group 2: Key Players and Innovations - Major companies leading the AI sector include ByteDance, Baidu, and Huawei, focusing on areas such as large models, AI algorithms, and smart driving [5][24]. - Shenzhen has seen a 22.6% year-on-year growth in its core AI industry, with a total scale reaching 368.5 billion yuan in 2024, indicating a shift towards source innovation [24]. - Hangzhou's AI industry is projected to grow from 300 billion yuan in 2023 to 399 billion yuan in 2024, with 84 listed companies and 10 unicorns by the end of 2025 [31]. Group 3: Data and Infrastructure - Beijing has registered 123 large model products and established a data foundation with over 150 petabytes of data [4]. - Shanghai has completed 137 registrations for generative AI services, building a workforce of 300,000 in the AI sector [14]. - Shenzhen's AI industry encompasses a full range of the supply chain, from chips to applications, with 2,887 related enterprises [24].

（文章来源：证券日报） 证券日报网讯 2月13日，深信服发布公告称，公司决定提前全部赎回"信服转债"，赎回价格100.51元/张 （含息税），赎回登记日2026年3月16日，赎回日2026年3月17日；3月12日起停止交易，3月17日起停止 转股，未转股部分将被强制赎回并于赎回完成后摘牌。 ...

Investment Rating - The report maintains a "Hold" rating for the computer industry [6] Core Insights - The demand for Tokens is experiencing "inflation," which benefits cloud computing and gives model vendors pricing power [3][4] - The traditional internet model of free services is being disrupted as the industry shifts from free traffic to Tokens as a measurable unit of production [5][10] - The increase in Token consumption is driven by the evolution of user needs from simple Q&A to complex tasks requiring significant computational resources [8][10] Summary by Sections Token Demand Inflation - Token inflation refers to the structural increase in Token consumption per user over time, driven by more complex user interactions with models [8] - Users are increasingly utilizing models for tasks such as code reconstruction and document generation, leading to higher Token consumption [8][10] Changes in the Large Model Era - Tokens are becoming a measurable production resource rather than free traffic, with each interaction consuming computational resources [5][10] - The pricing strategy of model vendors is evolving, allowing them to convert computational scarcity into profit through tiered pricing and subscription models [10][11] Investment Recommendations - The report suggests monitoring the impact of price increases and Token demand on profit margins in the short term, while tracking subscription retention and expansion in the medium term [10][11] - Long-term prospects are positive for companies that can integrate AI into workflows, creating a demand for AI governance tools [11]

Group 1 - RuiLian New Materials reported a total operating revenue of 1.677 billion yuan for 2025, an increase of 14.95% year-on-year, with a net profit of 311 million yuan, up 23.48% year-on-year [1] - China Shenhua's subsidiary, Guoneng Qingyuan Power, successfully put its fourth generator unit into commercial operation, expected to provide approximately 20 billion kWh of clean energy annually [2] - Qijiang Airlines announced a 6.04% year-on-year decline in passenger turnover for January 2026, with a passenger load factor of 84.03%, up 1.61% year-on-year [3] Group 2 - QiZheng Tibetan Medicine reported a total operating revenue of 2.416 billion yuan for 2025, a year-on-year increase of 3.34%, with a net profit of 646 million yuan, up 10.98% year-on-year [5] - QiaoYin Co. announced the termination of its artificial intelligence industry headquarters project due to changes in investment cooperation conditions [6] - New Point Software plans to use 90.81 million yuan of surplus raised funds for new projects, including AI-driven software development [7] Group 3 - High Measurement Co. announced plans for major shareholders and executives to reduce their holdings by up to 3.19% of the company's shares [8] - SAIC Group's subsidiary plans to establish a private equity fund with an initial scale of 2.5 billion yuan, focusing on solid-state batteries and chip localization [9] - Tianqi Lithium announced the resignation of its deputy general manager due to personal career planning [10] Group 4 - ZhongKong Technology reported a total operating revenue of 8.051 billion yuan for 2025, a decrease of 11.90%, with a net profit of 450 million yuan, down 59.70% year-on-year [11] - Spring Airlines reported a 6.28% year-on-year increase in total passenger volume for January 2026, with a total available ton-kilometers of 57,008.37 [12] - Qifan Cable's controlling shareholder reduced its stake by 3% through various trading methods [13] Group 5 - China Chemical signed contracts worth a total of 36.925 billion yuan in January 2026, with significant contracts exceeding 5 billion yuan totaling 11.371 billion yuan [19] - SaiTuo Bio received a CEP certificate for its raw material drug Betamethasone, which is used to treat allergies and autoimmune inflammation [20] - Giant Star Agriculture reported a sales revenue of 649 million yuan from commodity fat pigs in January 2026, with a sales volume of 404,400 pigs [23] Group 6 - Qinglong Pipe Industry's subsidiary won a 146 million yuan pipeline project [24] - Changshan Pharmaceutical announced that some of its products are expected to be selected for national centralized procurement [26] - Yangdian Technology completed the transfer of 12.96% of its shares through an agreement [27] Group 7 - Deepin Technology's investment fund introduced new limited partners and adjusted the capital contributions of some partners [28] - Qingyun Technology plans to pledge 25% of its shares for a loan application of up to 30 million yuan [29] - LaiMei Pharmaceutical reported a 57.20% year-on-year decline in net profit for 2025 [30] Group 8 - YouLiDe reported a 16.88% year-on-year decline in net profit for 2025, with total operating revenue of 1.221 billion yuan, up 7.99% [31] - Warner Pharmaceutical reported a net profit of 241 million yuan for 2025, an increase of 46.95% year-on-year [32] - LianRui New Materials reported a net profit of 293 million yuan for 2025, an increase of 16.42% year-on-year [33] Group 9 - HuaQin Technology expects a 24.28% year-on-year decrease in net profit for 2025, with projected revenue of 1.251 billion yuan, up 9.83% [34] - QiPai Technology's shareholder subscribed for 6.3 million shares, accounting for 5.49% of the total share capital [35] - Qilin Security's shareholders completed their planned share reductions without exceeding the original plan [36] Group 10 - Dameng Data announced the lifting of the detention of its senior vice president, allowing him to resume his duties [37] - Haiyou Engineering won a contract for the "NFPS COMP5" project worth approximately 4 billion USD, with the company's share exceeding 800 million USD [38] - Yatai Group plans to sell 20.81% of its shares in Northeast Securities, pending confirmation of financial statements [39]

| 证券代码：300454 | 证券简称：深信服 | 公告编号：2026-010 | | --- | --- | --- | | 债券代码：123210 | 债券简称：信服转债 | | 深信服科技股份有限公司 关于提前赎回"信服转债"的 第二次提示性公告 4．可转债停止转股日：2026 年 3 月 17 日 5．发行人赎回资金到账日：2026 年 3 月 20 日 6．投资者赎回款到账日：2026 年 3 月 24 日 7．赎回类别：全部赎回 8．根据安排，截至 2026 年 3 月 16 日收市后仍未转股的"信服转债"将被强 制赎回。本次赎回完成后，"信服转债"将在深圳证券交易所摘牌，特提醒"信服 转债"持券人注意在期限内转股。债券持有人持有的"信服转债"如存在被质押或 被冻结的，建议在停止转股日前解除质押或冻结，以免出现因无法转股而被赎回 的情形。 9．债券持有人若转股，需开通创业板交易权限。投资者不符合创业板股票 适当性管理要求的，不能将所持"信服转债"转换为股票，特提请投资者关注不能 转股的风险。 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假 记载、误导性陈述或重大遗漏。 重要提 ...

| 证券代码：300454 | 证券简称：深信服 公告编号：2026-011 | | --- | --- | | 债券代码：123210 | 债券简称：信服转债 | 新的有限合伙人及相关事项变更的公告》（公告编号：2023-055、2023-109、 2024-081）。 二、基金新增有限合伙人及合伙人出资变更的情况 近日，琥珀安云二期基金召开临时合伙人大会，全体合伙人一致同意引入新 的合伙人并对部分有限合伙人的认缴出资金额作出调整，具体情况如下： 深信服科技股份有限公司 关于参与设立的投资基金引入新的 有限合伙人及相关事项变更的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假 记载、误导性陈述或重大遗漏。 近日，深信服科技股份有限公司（以下简称"公司"）获悉：公司参与设立的 投资基金广州琥珀安云二期创业投资合伙企业（有限合伙）（以下简称"琥珀安 云二期基金"或"合伙企业"）引入新的有限合伙人并变更相关事项，具体情况如 下： 一、基金设立的基本情况 2022 年 6 月 7 日，公司召开第二届董事会第四十次会议，审议通过了《关 于拟与专业投资机构共同投资设立有限合伙企业的议案》，同意公 ...

信创ETF（562570）业绩比较基准为中证信息技术应用创新产业指数收益率，管理人为华夏基金管理有 限公司，基金经理为司帆，成立（2024-04-19）以来回报为55.49%，近一个月回报为-3.24%。 声明：市场有风险，投资需谨慎。本文基于第三方数据库自动发布，不代表新浪财经观点，任何在本文 出现的信息均只作为参考，不构成个人投资建议。如有出入请以实际公告为准。如有疑问，请联系 biz@staff.sina.com.cn。 来源：新浪基金∞工作室 2月13日，截止午间收盘，信创ETF（562570）跌0.13%，报1.553元，成交额1052.93万元。信创ETF （562570）重仓股方面，浪潮信息截止午盘涨0.82%，海光信息跌0.89%，深信服跌4.87%，恒生电子跌 0.42%，金山办公跌1.77%，三六零跌0.84%，江波龙涨3.75%，广联达跌0.77%，中科曙光跌0.20%。 ...

圆信永丰中证500指数增强发起A（013878）成立日期2021年12月1日，最新规模1.06亿。今年以来收益 11.21%，同类排名1037/5569；近一年收益38.58%，同类排名1638/4295；成立以来收益12.72%。 圆信永丰中证500指数增强发起A（013878）基金经理为崔长峰。 截至发稿，崔长峰累计任职时间4年76天，现任基金资产总规模1.08亿元，任职期间最佳基金回报 11.02%， 任职期间最差基金回报9.62%。 2月13日，深信服跌5.13%，截至发稿，报146.80元/股，成交14.67亿元，换手率3.52%，总市值617.48亿 元。 资料显示，深信服科技股份有限公司位于广东省深圳市南山区西丽街道西丽社区仙洞路16号深信服科技 大厦，成立日期2000年12月25日，上市日期2018年5月16日，公司主营业务涉及信息安全。主营业务收 入构成为：网络安全业务47.68%，云计算及IT基础设施业务46.36%，基础网络和物联网业务5.96%。 从基金十大重仓股角度 数据显示，圆信永丰基金旗下1只基金重仓深信服。圆信永丰中证500指数增强发起A（013878）四季度 持有股数7400 ...

Group 1 - The China Securities Information Technology Application Innovation Industry Index decreased by 0.05% as of February 13, with mixed performance among constituent stocks, where Green Alliance Technology led with a rise of 9.58% [1] - The latest price of the Xinchuang ETF (562570) is 1.55 yuan, with a trading volume of 967.74 million yuan and a turnover rate of 1.76% [1] - The Xinchuang ETF reached a new high in scale at 5.48 billion yuan, leading its peers, with a net inflow of 50.63 million yuan over the last five trading days [1] Group 2 - According to Zhongyin International, the large model sector is expected to see significant updates from leading domestic manufacturers around the Spring Festival in 2026, suggesting a potential rebound in AI applications [2] - The Xinchuang ETF (562570) closely tracks the China Xinchuang Index, emphasizing domestic full-stack substitution and integrating key segments such as storage chips and CPUs, with strong policy certainty [2] - The Xinchuang ETF is currently the largest in its category by scale, actively incorporating elements from the DeepSeek ecosystem and AI applications [2]