证 券 研 究 报 告 【华创策略】AI视角下的政府工作报告投资要点 证监会审核华创证券投资咨询业务资格批文号：证监许可（2009）1210 号 2 • 本次政府工作报告延续此前"双宽"的货币、财政政策总基调，为股市持续走牛营造了宽松良好的宏观政策环境。 其中2026年经济增长目标设定为4.5％—5％更加务实；财政政策"更加积极"并提升赤字规模：赤字率４％， 赤字规模5.9万亿元、比上年增加2300亿元；货币政策"适度宽松"为降准降息提供空间以形成流动性宽松。 • 对26年上市公司业绩给予更大期待。在经济社会发展总体要求章节中，明确提出"推动价格总水平由负转正、消 费价格合理温和回升"；货币政策中同样提到"把促进经济稳定增长、物价合理回升作为货币政策的重要考量"。 经测算4%的赤字率和5.9万亿的财政赤字对应隐含名义GDP增速约5%，则隐含GDP平减指数有望转正回升至0- 0.5%。通胀回归有望带动上市公司业绩上行从而消化当前静态相对较高的估值，推动股市的主线逻辑由上半场流 动性驱动的金融再通胀转向下半场EPS驱动的实物再通胀。 • 关注顺周期+科创。①顺周期："十五五"时期重大工程项目建设与财政政策明确持续 ...

登录新浪财经APP 搜索【信披】查看更多考评等级 2026年2月24日，风语筑（sh603466）触及涨停，涨停价12.85元，涨幅10.02%，总市值76.43亿元，流通 市值76.43亿元，截止发稿，总成交额22.84亿元。 根据喜娜AI异动分析，风语筑涨停原因可能如下，资金管理+信息透明+转债价格下调： 1、公司资金管 理能力较强，获得290.88万元理财收益，年化收益率3.66%且资金安全收回，这体现了公司在资金运作 方面的良好能力，有助于增强市场对其财务稳定性的信心。同时，公司信息披露透明度高，主动召开业 绩说明会并设置多渠道投资者互动，增进了投资者对公司的了解，提升了公司形象。 2、公司可转债转 股价格从22.15元下调至11.82元，提高了可转债的吸引力，可能会促使更多投资者转股，为公司带来资 金流入。此外，控股股东减持行为均符合监管要求，且减持后仍保持较高持股比例，公司控制权稳定， 减少了市场对公司控制权变更的担忧。 3、从行业角度来看，风语筑从事数字文化展示体验系统相关业 务，随着数字文化产业的发展，市场对数字化体验空间、数字化产品及服务的需求不断增加，公司有望 受益于行业的发展趋势。同花顺 ...

Group 1 - The core business of the company is in film and woolen textile industries [1] - The controlling shareholder, Zhejiang Cultural Investment, is actively investing in the digital cultural industry [1]

强化顶层设计，坚持正确政策导向与规划引领。制定实施积极的文化经济政策与文化科技融合发展规 划，在科学规划、配套建设的基础上，建立文化、科技、金融等部门协同推进的工作机制，完善适应数 字文化新业态的法规政策，为文化领域技术创新营造良好的制度环境。 深化科技融合，构建数智化产业新生态。积极推动文化与科技深度融合，利用新一轮科技革命成果，加 速发展新型文化业态。重点支持基础型创新研究与技术型开发，鼓励企业利用大数据、人工智能等技术 拓宽文化发展空间，打造具有沉浸式、交互性特征的新载体、新场景。 夯实数智基础，增强数智赋能。加快文化数字化基础设施建设，推进文化资源数字化和国家文化大数据 体系建设，优化5G与6G、云计算等新技术在文化领域的布局。支持人工智能、虚拟现实等前沿科技在 文化创作和传播中的应用，打造更多数字文化应用场景。 拓展文化出海，提升中华文化传播力。利用好国内国际两个市场，推动中国风格、中国符号、中国品牌 走出去。支持文化企业和优秀文化产品拓展海外市场，借助影视、动漫、游戏、社交平台等新兴载体， 构建中国话语和中国叙事体系，打造多语种、跨平台的数字文化传播矩阵。加强国际文化贸易合作，深 化文明交流互鉴， ...

截至2月4日20时，共收到提案1425件。依据四川省政协提案工作条例和提案审查工作细则，经审 查，立案1254件，并案58件，转为意见建议113件。立案提案中，委员提案1152件，占91.87%； 集体提案102件，占8.13%。 社会建设方面，立案408件，占32.54%。主要涉及：实施就业友好型AI战略，创新开展高校毕业 生就业工作，加强高素质农民培训。健全基础教育资源调配机制，完善中小学教育质量综合评价 体系，加快发展新工科教育。完善青年群体婚恋社会支持体系，构建全周期生育支持政策体系。 探索老幼共育新模式，提升老年人群流感疫苗接种率。健全医疗卫生服务体系，推进健康社区建 设。推进基本医疗保险省级统筹，完善残疾儿童康复救助制度。加强互联网食品安全监管，提高 地质灾害避险搬迁补助等。 生态文明建设方面，立案77件，占6.14%。主要涉及：加快建设川渝美丽中国先行区，推动长江 沱江生态系统一体化保护，促进水资源高效可持续利用。深化全域土地综合整治，推进农村面源 污染治理，强化雨季溢流污染控制。开展生态系统生产总值核算试点，加快碳足迹核算服务体系 建设等。 经济建设方面，立案553件，占44.1%。主要涉及： ...

Core Viewpoint - The report highlights the achievements and initiatives of the Guangzhou Municipal Committee in 2025, focusing on economic development, innovation, and community engagement as part of the "14th Five-Year Plan" and preparing for the "15th Five-Year Plan" [3][20]. Group 1: Economic Development - The committee emphasized the importance of building a modern industrial system, with suggestions for fostering emerging industries such as AI and robotics, and enhancing the service sector [4][5]. - Significant progress was made in establishing the Guangdong-Hong Kong-Macao Greater Bay Area Life and Health Industry Innovation Zone, showcasing collaboration among various governmental bodies [4]. - The report noted the successful promotion of cross-border logistics and the development of a vibrant water economy, with the Pearl River cruise index ranking first globally for two consecutive years [4]. Group 2: Innovation and Technology - The committee focused on enhancing innovation capabilities, proposing the establishment of a public stem cell resource bank and promoting joint laboratories in the medical field [5]. - Efforts to improve the conversion of innovative results into practical applications were highlighted, including the establishment of a regional technology transfer center [5][6]. Group 3: Business Environment - Recommendations were made to create a market-oriented, law-based, and international business environment, including the introduction of mediation mechanisms and the establishment of a financial legal service center [7]. - The report mentioned the successful implementation of a plan to optimize administrative procedures, significantly reducing the number of regulatory items [7]. Group 4: Urban and Regional Development - The committee advocated for coordinated urban and rural development, proposing initiatives to enhance the quality of life in western districts and promote cultural tourism in northern mountainous areas [8]. - Suggestions included improving land use efficiency and activating idle urban spaces to support rural revitalization [8]. Group 5: Health and Safety - The report emphasized the importance of enhancing healthcare services, with initiatives aimed at improving emergency medical services and establishing a digital health data management system [10][11]. - Proposals were made to strengthen mental health services and support for vulnerable groups, including the elderly and children [11]. Group 6: Cultural Development - The committee underscored the significance of cultural heritage protection and promotion, with initiatives to develop historical sites and enhance cultural tourism [12]. - Efforts to increase cultural influence through various community engagement activities and educational programs were also highlighted [12].

Core Insights - Shandong Digital Culture Group held a summary and commendation conference for 2025 and work deployment for 2026, recognizing 98 outstanding projects, 68 excellent employees, and 3 entrepreneurial teams [1] - The year 2025 marked the beginning of a new phase for the group, focusing on the integration of media, culture, and technology, with an emphasis on six key business sectors [1] Group Achievements - The group made significant progress in various sectors, with the Qilu Cultural Model included in the Shandong Province's "14th Five-Year Plan" and recognized as a major technological innovation project [2] - The establishment of several digital models, including Confucius Smart Model and Traditional Chinese Medicine Cultural Model, and the development of a cultural data annotation platform [2] - The group’s media outlet, Qilu Evening News, reached an audience of 204 million, with its social media presence ranking among the top in the province and nationwide [2] Awards and Recognition - A total of 68 employees and 3 entrepreneurial teams were recognized, with 98 projects awarded, including 16 gold, 30 silver, and 51 bronze awards [2] - Various awards were presented for categories such as Best News Report, Best Commentary, and Best Thematic Report, highlighting the group's commitment to quality journalism [3] Future Plans - The year 2026 is designated as a critical year for the group, focusing on quality improvement and growth, aiming to establish a new high-quality development pattern in the digital culture industry [3] - The group plans to enhance the synergy between media ecology and digital culture, driving new advancements in the digital cultural sector [3]

Core Insights - Shandong Digital Culture Group held a summary and commendation conference for 2025 and work deployment for 2026, recognizing 98 outstanding projects, 68 excellent employees, and 3 entrepreneurial teams [1] Group Achievements - In 2025, the company made significant progress, with the Qilu Cultural Model included in Shandong Province's "14th Five-Year Plan" and the 2025 and 2026 government work reports, marking it as a major technological innovation project [2] - The company launched several key projects, including the Confucius Smart Model and the Traditional Chinese Medicine Cultural Model, and developed a cultural data annotation platform, creating high-quality datasets in the cultural sector [2] - The Qilu Evening News and Qilu One Point reached an audience of 204 million, with its social media accounts ranking among the top in the province and nationwide [2] - The company was recognized as a key platform for talent efficiency enhancement and a key laboratory for culture and tourism in Shandong Province, achieving provincial-level coverage in technology, industry, culture, tourism, and big data research platforms [2] - The company applied for 70 national patents and obtained over 170 software copyrights [2] Awards and Recognition - The awards included categories such as Best News Report, Best Commentary, and Best Thematic Report, with notable winners like "The Exam Has Another Chance, Life Only Once" receiving the Best News Report award [3] - The company successfully hosted the first "Youth Unfinished" Literary Award and launched the Shandong Literary Model, enhancing its influence in the financial service sector with the "Good Financial" brand [3] Future Outlook - 2026 is designated as the "Quality Improvement and Incremental Breakthrough Year," focusing on building a high-quality development pattern that synergizes media ecology and digital culture [3] - The company aims to promote a new leap in the digital cultural industry, leveraging its achievements and strategic initiatives [3]

Group 1 - Nanjing has become a favored location for film and television productions due to its rich cultural heritage, beautiful scenery, and supportive government policies for micro-short films [1][2] - The "iQIYI (Nanjing) Creator Industrial Park" has been established in Nanjing's Jiangbei New Area, providing a comprehensive base for micro-short film production, including office space, filming locations, and studios [2] - The park aims to create an integrated industrial chain for creation, filming, production, and distribution, enhancing opportunities for creators and promoting tourism through linked content [2] Group 2 - The "Law Eye Theater" micro-drama cooperation plan was launched, focusing on creating high-quality micro-dramas based on real legal cases, emphasizing social relevance and emotional depth [3] - Jiangbei New Area is actively supporting the micro-short film industry, with 104 short drama companies and over 820 short dramas produced, indicating a trend towards mainstream and high-quality content [3] - The upcoming Yangtze River Digital Audio-Visual Industrial Park is expected to sign 56 companies and produce over 480 short dramas, with an estimated total output value of 350 million yuan [3]

Core Viewpoint - The article emphasizes the importance of integrating digital technology with the cultural industry to promote high-quality development in the digital cultural sector, as highlighted by Xi Jinping's directives and the 20th National Congress of the Communist Party of China [1][2]. Group 1: Digital Cultural Industry Development - The digital cultural industry is a product of the deep integration of the digital economy and cultural industry, essential for high-quality development and enhancing national cultural soft power [1]. - There are structural challenges such as the flow of resources and incomplete innovation chains that need to be addressed to promote high-quality development in the digital cultural industry [1]. Group 2: Cultural Innovation Mechanism - Establishing a system that continuously stimulates cultural innovation is crucial for the digital cultural industry, focusing on content as its core [2]. - The creation of a digital cultural innovation fund and a long-term mechanism to support original projects with depth, artistic quality, and market potential is necessary [2]. - A shift from a focus on traffic and box office to a composite evaluation standard based on content quality and user feedback is advocated [2]. Group 3: Technology Innovation Mechanism - Digital technology is vital for the digital cultural industry, necessitating a robust technical support system to facilitate the collaboration between technology and culture [3]. - There is a need to establish a collaborative mechanism for tackling key core technologies and to enhance R&D investment in areas like VR, AR, and big data [3]. - Encouraging deep cooperation between cultural and technology enterprises is essential for transforming technological achievements into productive forces [3]. Group 4: Management System Mechanism - A comprehensive management system is crucial for the healthy development of the digital cultural industry, focusing on the synergy between cultural and technological innovation [4]. - Innovative regulatory mechanisms that adapt to new business models while ensuring ideological safety are necessary [4]. - Strengthening the protection of data elements and intellectual property rights is critical, especially in the context of AI and digital copyright challenges [4][5].