智通财经APP获悉，港股恒生指数涨2.29%，涨604点，报27017点；恒生科技指数涨3.32。港股早盘成 交1065亿港元。 光通信概念股涨幅居前。光谷重点企业春节不停工，AI高速光模块订单排到四季度。长飞光纤光缆 (06869)涨15.77%；汇聚科技(01729)涨超5%；剑桥科技(06166)涨7%。 沃尔核材(09981)涨6.96%，获调入沪港通及深港通证券名单，高速铜缆需求总量正在快速增长。 贵金属板块走高。万国黄金集团(03939)涨超6%再创历史新高，预计全年纯利同比增长最多1.6倍；紫金 黄金国际（02259）涨超7%。 壁仞科技(06082)涨超8%，壁仞科技已完成对多款头部国产AI大模型的适配。 建滔积层板(01888)涨近5%创新高，预计全年纯利超23.9亿港元，同比增长超过80%。 锂业股盘中走强。赣锋锂业(01772)涨超8%，瑞银大幅上调国内锂价预测。 和铂医药-B(02142)涨超5%，新一代CTLA-4抗体出海，总额或超12亿美元。 迅策(03317)涨超9%再创新高，下月有望进入港股通，数据流通战略价值迎来重估。 科网股全线回暖。美团-W(03690)涨超6%，机构称A ...

2025年，全球半导体产业迎来一个历史性拐点。 根据Gartner统计，全球半导体总营收达到7930亿美元，同比增长21%。这一强劲反弹不仅终结了此前的周期性低迷，更昭示着行业增长逻辑的根本转向。 过去十年由"移动互联网+云计算"主导的叙事正在退场，取而代之的是以AI基础设施为核心的新引擎。AI处理器、高带宽内存（HBM）和高速互连芯片， 正以前所未有的速度重塑产业版图。曾经稳坐钓鱼台的巨头悄然滑落，而押中AI赛道的玩家则一飞冲天。全球半导体TOP10的座次变动，已不再是简单的 数字游戏，而是一场关于生态、战略与时代判断的深度洗牌。 01 2024 vs 2025，新王加冕 2025年的榜单，最震撼的不是谁上榜，而是差距被拉得如此之大。英伟达不仅稳坐头把交椅，更以一骑绝尘的姿态，将第二名远远甩在身后。 | 2025排名 | 2024排名 | 厂商 | 2025营收 | 2024营收 | 2025-2024增长率(%) | | --- | --- | --- | --- | --- | --- | | 1 | 1 | 英伟达 | 125,703 | 76,692 | 63.9 | | 2 | 2 | 三星电子 ...

读完文章 简单来说，视觉智能就是让 AI 「看懂」世界，并能根据这些信息行动的技术。 领取 APPSO 2026 年马年春节 限定红包 封面 苹果新一代重磅产品，可能已经被库克剧透了。 他开始疯狂暗示苹果新的产品类别： AI 可穿戴设备。其中的关键，就是 视觉智能（ Visual Intelligence）。 APPSO 假想图. 最近在多个财报会议和多个公开场合，库克都特别点名了「视觉智能」，结合苹果最近关于苹果 AI 硬件的爆料，以及库克过去的发言风格，这并不是偶 然。 彭博社 Mark Guman 报道称， 苹果已经将视觉智能（Visual Intelligence）定位为其下一波可穿戴设备的核心。 也就是说，「视觉智能」可能是苹果下一个十年重要的产品思路，它不是某个产品，但会逐渐成为所有苹果可穿戴产品的灵魂。 让苹果设备「长眼」的视觉智能，有什么用 迄今为止，苹果在视觉 AI 领域并没太多亮眼成绩，大多只是为 OpenAI 和 Google 的技术套上了一层外壳。 比如在iPhone 16 Pro 上首发的视觉智能（ Visual Intelligence）就比较初级——拍张照，问 ChatGPT 这 ...

Core Viewpoint - Wolong Materials (09981) has seen a significant stock price increase, attributed to its announcement regarding the inclusion of its H-shares in the Stock Connect program, which will enhance investor access and liquidity [1] Group 1: Stock Performance - The stock price of Wolong Materials increased by nearly 8% during trading, with a current rise of 6.76%, reaching HKD 21.76 [1] - The trading volume amounted to HKD 69.2988 million [1] Group 2: Company Announcement - Wolong Materials announced that its foreign-listed ordinary shares will be included in the Stock Connect program starting February 13, 2026, allowing eligible mainland Chinese investors to invest directly in its H-shares listed in Hong Kong [1] - This inclusion is expected to expand the company's investor base and potentially improve the trading liquidity of its H-shares [1] Group 3: Industry Position and Product Development - Wolong Materials is recognized as one of the largest providers of heat shrink materials and communication cable products globally [1] - The company is actively monitoring the evolution of downstream technology routes and product architectures, maintaining close communication with core customers [1] - With the rapid growth of AI, the demand for high-speed copper cables is increasing significantly; the company has developed a next-generation single-channel 448G high-speed cable to meet future high-end product requirements [1]

Core Viewpoint - Wolong Materials (09981) has seen a significant increase in stock price, rising nearly 8% during trading, attributed to the announcement of its inclusion in the Stock Connect program, which will enhance its investor base and liquidity for H-shares [1] Group 1: Stock Performance - Wolong Materials' stock price increased by 6.76% to HKD 21.76, with a trading volume of HKD 69.2988 million [1] Group 2: Company Announcement - The company announced that its overseas listed foreign shares will be included in the Stock Connect program starting February 13, 2026, allowing eligible mainland Chinese investors to directly invest in its H-shares listed on the Hong Kong Stock Exchange [1] - This inclusion is expected to expand the company's investor base and potentially improve the trading liquidity of its H-shares [1] Group 3: Industry Position and Product Development - Wolong Materials is recognized as one of the largest providers of heat shrink materials and communication cable products globally [1] - The company is actively monitoring the evolution of downstream technology routes and product architectures, maintaining close communication with core customers [1] - With the rapid growth of AI, the demand for high-speed copper cables is increasing, and the company has developed a next-generation single-channel 448G high-speed cable to meet future high-end product requirements [1]

值得一提的是，恒生指数与沪深300指数的相关系数从60%升至80%-90%，2021-2025年港股与A股涨跌同步率超70%，而与美股相关性减弱。 极目新闻记者 吕少峰 2月23日，当大家还继续享受春节超长假期的团聚与松弛感时，港股迎来了周一正常的交易日。恒生指数涨2.40%、恒生科技涨3.46%，个股涨多跌少。与此 同时，富时中国A50指数期货涨幅扩大至1%。在港股与A股的关联性越来越强的今天，港股良好的开局，也给3亿A股股民朋友带来了一份乐观的期待。 港股方面，截至发稿时，恒生指数涨2.40%，国企指数涨2.64%，恒生科技指数大涨3.46%，个股涨多跌少。板块方面，化学制品、汽车、有色、电子竞技、 彩票等板块领涨。黄金继续表现强势，黄金继续走强，开盘一度大涨4.98%，潼关黄金、灵宝黄金、中国黄金国际等领涨。与此同时，科技股也部分走强， 网易涨超4%、京东、快手、美团等涨3%，阿里巴巴、小米集团等涨逾2%。芯片股走强，华虹半导体涨4%，中芯国际涨逾3%。 众所周知，港股与A股存在显著关联，主要通过资金流动、上市公司重叠和市场情绪传导实现联动，近年相关性持续增强。港股与A股的强关联主要体现在 三个方面：其 ...

Market Overview - The Hong Kong stock market opened strong and continued to rise, with the Hang Seng Index up nearly 3%, the Hang Seng Tech Index up nearly 4%, and the Hang Seng China Enterprises Index up over 3% [1] - The A50 futures also saw an increase, expanding to over 1.5% [1] Sector Performance - Technology stocks led the market rally, with Meituan rising over 7%, JD Group and BYD up over 5%, and SMIC up nearly 5% [2][3] - Other notable gainers included Huahong Semiconductor, Li Auto, Sunny Optical Technology, and Leap Motor, all rising over 4% [2][3] Individual Stock Highlights - Meituan-W: Current price 86.750, up 7.43% [4] - JD Group-SW: Current price 109.100, up 5.11% [4] - BYD: Current price 100.300, up 5.08% [4] - SMIC: Current price 70.950, up 4.80% [4] - Huahong Semiconductor: Current price 98.350, up 4.46% [4] - Li Auto-W: Current price 73.150, up 4.35% [4] - Alibaba-W: Current price 152.700, up 3.81% [4] Precious Metals and Commodities - The precious metals sector saw significant gains, with spot gold surpassing $5160 per ounce, up over 1%, and spot silver rising over 3% [5] - Chinese gold stocks also surged, with China Gold International up over 7% and Zijin Mining up over 4% [5] Other Sector Movements - The non-ferrous metals sector performed strongly, with China Daye Non-Ferrous Metals up over 9% and Jiangxi Copper up over 6% [5] - The optical communication sector saw collective gains, with Yangtze Optical Fibre up over 18% [5] Investment Insights - Galaxy Securities indicated that the technology sector remains a long-term investment focus, with reduced valuation pressure and potential for rebound due to advancements in AI [6] - Huatai Securities suggested monitoring three key areas: semiconductor hardware, consumer sectors like dining and innovative pharmaceuticals, and electrical equipment benefiting from system upgrades [6] - Significant stock buybacks by industry leaders have instilled confidence in the Hong Kong market, with total buyback amounts exceeding 25.4 billion HKD since 2026 [6]

中信证券发布研报称，春节期间阿里巴巴在AI领域动作密集，模型升级与应用放量同步推进，进一步 强化全栈AI布局。2月16日除夕夜，公司开源发布Qwen3.5-Plus，采用混合MoE稀疏架构，总参数3970 亿、激活170亿，在显存占用下降约60%的情况下推理吞吐量最高提升19倍，API价格低至0.8元/百万 Token，兼顾性能与成本效率，为后续Agent应用奠定底层能力基础。应用侧，千问推出30亿元"春节请 客计划"，9小时订单突破1000万单，累计完成1.2亿笔AI购物订单，日活达7352万，全面接入核心生 态，实现从对话工具向可履约助手升级。整体来看，本轮动作体现公司在模型、算力、云与应用生态层 面的协同推进。整体来看，该行判断公司将围绕"消费+AI"战略持续投入，驱动公司核心业务持续上 行，该行依旧看好公司作为优质中国全栈AI资产的独特卡位和长期投资价值，维持公司港股及美股"买 入"评级。 ...

智通财经APP在《从迅策（03317）将入通说起：AI下半场，谁在掌控数据流动的定价权？》中指出， 谷歌近日宣布自2026年5月起正式上调北美、欧洲和亚洲的对等互联(peering)数据传输服务，其中北美 地区翻倍。表面看是网络成本调整，实则释放出一个关键信号：数据流通的"通道费"战略价值，正在超 越算力硬件本身。迅策仅用45天即获纳入恒指的资格，并有望于3月正式纳入港股通，彰显其稀缺性与 成长确定性。而这也标志着资本市场正重新定价AI产业链的价值重心——从"谁算得快"，转向"谁让数 据流得稳、准、快"。 消息面上，2月13日，恒生指数公司宣布季度检讨结果，迅策获纳入恒生综合指数，相关调整将于3月6 日收市后实施，并于3月9日正式生效。此外，国泰海通证券近期发布研报称，迅策科技凭借"数据流"核 心能力，正从资管行业向多元领域复制"中国版Palantir"模式。 智通财经APP获悉，迅策(03317)早盘涨超16%，高见93港元，再创上市新高。截至发稿，涨12.28%，报 89.6港元，成交额3760.77万港元。 ...

来源：智通财经网 华虹半导体(01347)涨超5%，截至发稿，涨4.62%，报98.4港元，成交额3.21亿港元。 消息面上，近日，华虹半导体公布2025年第四季度及全年业绩。招银国际指出，公司管理层指引2026年 第一季收入6.5亿至6.6亿美元之间，毛利率13%至15%之间。该行认为，公司于2025年在维持高产能利 用率及加快12英寸产品组合方面执行良好，惟目前估值看来偏高。里昂认为，华虹半导体新12英寸晶圆 厂Fab9A将在今年达到最高产能，而Fab9B的产能提升亦将会加速，预测2026年的资本开支将同比略微 下降，并在2027年显著增加。 国海证券表示，华虹半导体预期2026Q1实现收入6.5-6.6亿美元(中点QoQ-0.7%，YoY+21.1%)，机构一 致预期为6.95亿美元；毛利率13%-15%，机构一致预期为13.2%。受AI浪潮驱动，公司电源管理(BCD) 平台或将继续快速增长。此外，2026年公司12英寸产品仍存在提价空间。Fab9B预期将在2026年10月开 始搬入设备。2027年，公司整体产能将实现大幅增长。 ...