2月20日，港股在马年首个交易日走弱，三大指数集体收跌。 Wind数据显示，截至收盘，恒生指数跌1.1%，恒生科技指数跌2.91%，恒生中国企业指数跌1.22%。AI"新秀"表现亮眼，智谱大涨42.72%，MiniMax-WP 涨14.52%，资金从大型互联网科技权重股，流向AI"新秀"企业。 AI"新秀"获市场青睐 Wind数据显示，截至收盘，智谱大涨42.72%，MiniMax-WP涨14.52%，市值均突破3000亿港元。 1月8日和9日，智谱与MiniMax相继登陆港交所。Wind数据显示，上市以来，智谱股价累计涨超504%，MiniMax股价累计涨超312%。 机器人概念股活跃 从恒生综合行业指数来看，能源板块领涨，收涨1.62%；医疗保健、工业、电讯、金融及地产建筑板块涨幅居前。非必需性消费板块领跌，收跌3%；信息 科技、必需性消费及原材料等板块跌幅靠前。 恒生科技指数权重股普遍下跌。截至收盘，京东健康、百度集团-SW跌超6%，华虹半导体、金蝶国际、腾讯音乐-SW、哔哩哔哩-W等跌幅均超5%，阿里 巴巴-W跌近5%。 | < w | 恒生科技(HSTECH) 5211.50 -156.02 -2. ...

2月20日，港股迎来马年首个交易日。截至收盘，恒生指数报26643.69，跌0.98%，恒生科技指数报 5222.75，跌2.70%。尽管大盘走弱，但人工智能与机器人概念股集体逆市大涨，多只个股再创历史新 高，表现亮眼。 前海开源基金首席经济学家杨德龙认为，从投资的角度来看，机器人预计有三年左右的比较好的投资机 会，2025年相当于是炒概念的阶段，2026年进入到炒订单的阶段，2027年进入到炒业绩的阶段。在2025 年，那些宣布要做机器人相关业务的零部件公司都大涨，但是大家无法分辨哪家公司最终会获得大厂订 单；到2026年，就要逐步来看哪家能拿到大厂的订单，比如进入特斯拉机器人产业链、进入宇树机器人 产业链等等，有可能就会聚焦订单炒作；到2027年就要进入到业绩兑现阶段，看最终能不能释放出业 绩。 2月20日，港股开盘后，AI与机器人概念股全线爆发，机器人概念股中，越疆盘中一度涨超24%，截至 收盘涨21.40%，首程控股涨11.90%，速腾聚创涨9.24%，禾赛-W涨7.93%，优必选、三花智控分别上涨 4.71%、5.57%。 （文章来源：南方都市报） 东吴证券机械研究团队发布观点表示，机器人核心能力进 ...

Core Viewpoint - Robosense Technology Co., Ltd. (速腾聚创) is expected to achieve its first quarterly profit in Q4 2025, with a profit of no less than 60 million RMB, marking a significant improvement from previous loss expectations [2][9]. Financial Performance - The company anticipates a substantial reduction in net loss for the fiscal year 2025, projecting it to be no more than 180 million RMB, compared to 481.8 million RMB in 2024 [6][9]. - The expected improvement in net loss is attributed to the continuous growth in LiDAR product sales and fair value gains from financial assets [6][9]. Sales and Market Position - In Q4 2025, the total sales of LiDAR units are projected to reach 459,600, with 221,200 units sold in the robotics sector, accounting for nearly 50% of total sales [10]. - The company has achieved a remarkable increase in sales within the robotics sector, with over 303,000 units sold, representing a year-on-year growth of over 1100%, securing the top position in the global robotics LiDAR market [10]. Technological Advancements - The company has developed a self-researched chip architecture that supports its growth, enabling the launch of high-performance LiDAR products across various applications, including smart vehicles and service robots [10][11]. - The self-developed chip solution has allowed the company to rapidly scale production while improving gross margins [10]. Industry Outlook - The LiDAR industry is expected to continue expanding due to increased penetration of smart driving technologies and the acceleration of humanoid and service robot commercialization [11]. - The company plans to increase R&D investment and deepen innovations in chip and algorithm technologies, aiming to solidify its leading position in the global LiDAR market [11].

Market Overview - The Hong Kong stock market opened on February 20, 2023, with the Hang Seng Index closing at 26,413.35 points, down 1.1%, and the Hang Seng Tech Index at 5,211.5 points, down 2.91% [1][2] - Despite the overall decline, sectors such as AI, humanoid robots, biotechnology, and oil and petrochemicals showed strong performance, indicating a structural market trend [1][4] AI Sector - AI concept stocks continued to rise, with significant gains observed in the afternoon trading session, marking them as a key highlight of the market [4] - Zhizhu and MINIMAX-WP both surpassed a market capitalization of 300 billion HKD, with Zhizhu's stock price increasing by 42.72% to 725 HKD per share and MINIMAX-WP rising by 14.52% to 970 HKD per share [3][7] - The AI industry is entering a critical development phase, transitioning from a focus on computing power infrastructure to a collaborative model involving "computing power + hardware + applications," broadening the investment landscape [6][8] Humanoid Robots - The humanoid robot sector experienced significant growth, driven by the high-profile appearance of robots during the Lunar New Year Gala, with stocks like Yujian and UBTECH showing notable increases [9] - Specific stock performances included Yujian rising by 21.4% to 48.44 HKD, UBTECH increasing by 4.71% to 144.5 HKD, and SUTENG rising by 9.24% to 37.58 HKD [9] Oil and Petrochemicals - The oil and petrochemical sector also performed well, with the Hong Kong oil and petrochemical index rising by 2.39%, driven by geopolitical tensions leading to higher oil prices [12] - Notable stock performances included Jixing New Energy and Zhonggang Petroleum, both rising over 7% [12] Storage Sector - The storage sector showed active performance, with stocks like Lanke Technology and Zhaoyi Innovation experiencing significant gains, indicating a positive market sentiment towards semiconductor hardware [12]

每日经济新闻消息，2月20日，港股迎来农历马年第一个交易日。三大指数集体下跌，截至收盘，香港恒 生指数收跌1.10%，恒生科技指数收跌2.91%，国企指数收跌1.22%。 据媒体报道，Seedance 2.0大模型以春晚为首个公开应用场景完成首秀，深度参与多项节目视觉制作。本届 春晚中，"AI生成影像+实景舞台扩展"的创新模式引发全网热议，而Seedance 2.0正是这一模式的核心技术 支撑。 招商证券近期发布的研报指出，AI应用领域近期呈现出技术突破与商业化竞争同步深化的鲜明趋势。AI应 用相关技术迎来核心突破。叠加"人工智能+"行动作为国家中长期发展战略，为行业提供坚实长期支撑。 指数估值水位略高，但在产业趋势与政策红利的双重驱动下，上行空间值得期待。 图片来源：每经媒资库 港股机器人概念股集体大涨。截至收盘，越疆上涨21.4%，报48.44港元/股；速腾聚创报37.58港元/股，上 涨9.24%；禾赛-W上涨7.93%，报217.8港元/股；优必选上涨4.71%，报144.5港元/股。 2026年马年春晚圆满落幕，首程控股投资和服务企业松延动力、宇树科技、银河通用三家企业同台亮相， 在舞台上展现了中国 ...

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？ | 序号 | 代码 | 名称 | 最新价 | 涨跌额 | 涨跌幅 ▽ | | --- | --- | --- | --- | --- | --- | | 1 | LIST23362 支付服务 | | 547.330 | +19.991 | 3.79% | | 2 | LIST1073 | 重型基建 | 894.297 | +27.218 | 3.14% | | 3 | LIST1042 | 油气生产商 | 1822.308 | +42.609 | 2.39% | | 4 | LIST1066 | 航运及港口 广 | 尔巴士斯 2023.400 | +56.406 | 2.20% | | ટ | LIST1271 | 环保工程 | 1934.281 | +40.145 | 2.12% | | 6 | L ...

Core Viewpoint - The Hong Kong stock market experienced a significant decline on the first trading day after the holiday, with major indices dropping sharply, indicating a bearish sentiment in the market [1][2]. Market Performance - The Hang Seng Index closed at 26,413.35, down 292.59 points or 1.10% [2]. - The Hang Seng Technology Index fell by 2.91% to 5,211.50 points, marking a new low in five months [4]. - The Hang Seng China Enterprises Index decreased by 1.22% to 8,959.56 points [2]. Sector Analysis - Technology stocks faced substantial losses, with major players like JD Health and Baidu dropping over 6%, while Tencent Music and Bilibili fell more than 5% [4][5]. - In contrast, AI applications and certain leading biotech companies saw gains, with some AI stocks like Zhiyuan and MiniMax experiencing significant increases in market capitalization [6]. Cryptocurrency Sector - Cryptocurrency-related stocks surged, with Star Chain Group rising over 122% [8]. - The Hong Kong Monetary Authority is evaluating applications for stablecoin issuer licenses, aiming to issue the first licenses by March [8]. Government Outlook - The Financial Secretary of Hong Kong expressed optimism about the market for the Year of the Horse, noting that historically, three out of four Horse years have seen double-digit percentage increases [9].

Market Overview - The Hong Kong stock market experienced a reduction in trading days due to the Spring Festival, with the Hang Seng Index declining by 0.58% to 26,413.25 points, the Hang Seng Tech Index falling by 2.78% to 511.50 points, and the National Enterprises Index decreasing by 0.81% to 8,959.56 points [2]. Notable Performers - Star Chain Group (00399.HK) surged by 294.74% after signing a strategic cooperation agreement for a gold asset tokenization project and amid rising expectations for the issuance of stablecoin licenses in Hong Kong [5]. - Bore Power (01685.HK) rose by 71.43%, benefiting from increased demand for high-efficiency power equipment as global data centers are expected to add 14GW of capacity in 2024 [5]. - Haizhi Technology Group (02706.HK) increased by 66.41% following its listing in the AI infrastructure sector, with strong growth potential identified by analysts [5]. Sector Performance - The market showed cautious trading sentiment, with the Hang Seng Index down 1.10%, the Tech Index down 2.91%, and the National Enterprises Index down 1.22% [6]. - Energy stocks strengthened due to geopolitical risks, with Extended Oil International (00346.HK) rising by 3.75%, China Petroleum International (00857.HK) by 3.70%, and CNOOC Services (02883.HK) by 3.20% [6][7]. - Electric power equipment stocks gained traction, with China High-Speed Transmission (00658.HK) up 13.24% and Shanghai Electric (02727.HK) up 5.59%, driven by domestic and international demand [8]. AI and Technology Stocks - Zhipu AI (02513.HK) saw a significant increase of 42.72%, driven by public interest in AI safety following a Spring Festival performance, while Haizhi Technology Group also performed well [9]. - The market reacted positively to advancements in AI technology, with companies like Yujian (02432.HK) and Sutech (02498.HK) also showing strong gains [11]. Entertainment Sector - The entertainment sector faced challenges, with Dama Entertainment (01060.HK) dropping by 5.32% and Cat's Eye Entertainment (01896.HK) by 3.66%, attributed to lower-than-expected box office performance during the Spring Festival [13]. - Concerns about content supply and consumer recovery were noted, impacting market sentiment [13]. Internet and Technology Companies - Major tech companies like Baidu Group (09888.HK) and Alibaba (09988.HK) experienced declines of 6.25% and 4.91%, respectively, due to industry tax policy expectations and increased competition in the AI sector [14]. - Analysts suggest that the current pullback may provide a long-term investment opportunity in core sectors like AI and e-commerce, despite short-term pressures [14]. Individual Stock Movements - Shanghai Xiaonan Guo (03666.HK) rose by 16.67% following a share placement announcement, raising a total of 12.4 million HKD for operational funds [15]. - China Merchants Energy (01138.HK) increased by 6.34%, with expectations of significant growth in tanker profits due to geopolitical tensions and high shipping rates [15].

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 √ | ...

Core Viewpoint - The Hong Kong stock market has seen a significant surge in AI application stocks, with notable increases in share prices and market capitalizations for several companies [1]. Group 1: Company Performance - Zhizhu (智谱) experienced a remarkable increase of 42.72%, reaching a peak price of 725 HKD, with a total market capitalization surpassing 320 billion HKD [2]. - MINIMAX-WP saw a rise of 14.52%, with its market value also exceeding 300 billion HKD [2]. - Haizhi Technology Group (海致科技集团) surged over 28%, achieving a new high since its listing [1]. Group 2: Year-to-Date Performance - Zhizhu's year-to-date increase stands at 523.92% [2]. - Haizhi Technology Group has recorded a year-to-date rise of 469.48% [2]. - MINIMAX-WP's year-to-date performance shows an increase of 487.88% [2].