近7个交易日(2026年2月7日至13日)，联检科技股价区间涨跌幅为4.04%，最高价18.94元，最低价18.14 元。2月13日最新股价为18.79元，当日涨跌幅0.64%，成交金额约3852万元，换手率1.68%。 以上内容基于公开资料整理，不构成投资建议。 2026年2月13日，联检科技获得一项实用新型专利授权，专利名为"一种核磁共振外墙检测设备"，旨在 提升建筑检测领域的技术能力，今年已新增专利授权9个，研发投入持续增长。2026年2月10日，联检科 技在投资者互动平台澄清，旗下标丰科技及其他子公司暂不涉及AI相关业务，强调公司业务聚焦于检 测主业。2026年2月10日，中富基金调研联检科技，公司表示正通过战略转型拓展汽车检测等高增长赛 道，并加强海外布局，以优化业务结构。 股票近期走势 经济观察网根据国盛证券（002670）2026年2月8日发布的建筑装饰行业周报，地产链预期改善有望带动 检验检测行业估值修复，联检科技（301115）作为检验检测龙头之一被提及，受益于政策催化及行业基 本面筑底趋势。报告指出，2026年以来地产销售数据边际改善，建筑地产链龙头市占率提升，联检科技 等公司可能受益于订 ...

美股昨晚遭遇显著抛售，三大指数全线下挫，其中，纳指跌逾 2%。市场核心逻 辑出现重大转折，投资者焦点从单纯追逐「AI 红利」急剧转向担忧「AI 反噬」， 叠加思科业绩指引不佳及苹果面临监管压力，科技股领跌，避险情绪急速升温。 近期市场对 AI 颠覆传统产业的焦虑感显著升级，引发「AI 恐慌交易（AI Scare Trade）」，资金开始计价 AI 普及可能导致的利润压缩与结构性失业，冲击从软 件金融扩散至实体服务业。物流巨头 C.H. Robinson CHRW.US 暴跌 14%，市场 忧虑 AI 精准调度将大幅提升效率，导致依赖「信息差」与人力协调的中介佣 金归零；世邦魏理仕 CBRE.US 重挫 13.5%，创疫情以来最大跌幅，逻辑在于 AI 工具如 Claude Cowork 若大量替代法务、金融等白领岗位，将导致办公楼长期 需求萎缩，虽然数据中心需求强劲，仍难抵销投资者对传统租赁业务崩塌的恐 惧。 港股晨报 2026 年 2 月 13 日 国投证券（香港）有限公司 • 研究部 1. 国投证券国际视点：AI 叙事反转引发恐慌抛售，市场 静待美国 CPI 公布 昨日，港股三大指数走弱，恒生指数跌 0.8 ...

来源：滚动播报 2026年以来，MSCI亚太指数累计上涨逾11%，而美国基准股指则下跌，投资者担心AI模型可能威胁软 件、法律和房地产服务提供商的业务，相关股票被抛售。标普500指数年内下跌0.2%，以科技股为主的 纳斯达克100指数跌幅约为2%。不过周五MSCI亚太指数回落，跌逾1%。 ...

Core Viewpoint - North American CSP companies are accelerating capital expenditures, focusing on high-power servers, power systems, cooling, and networking equipment, indicating a significant increase in AI training and inference demand [1] Group 1: AI Industry Dynamics - The domestic AI application sector is rapidly expanding, with large-scale implementations expected to significantly increase the frequency of inference computing power usage, creating a reverse pull on upstream computing power and infrastructure [1] - The AI industry is transitioning from a "single-point computing power boom" to a collaborative expansion phase involving "computing power, infrastructure, and application ecosystem" [1] Group 2: Market Opportunities - The server, power equipment, data centers, and liquid cooling sectors, along with the domestic computing power supply chain, are positioned to benefit continuously from these trends [1] - Recent domestic AIDC tenders are beginning to emerge, with clear growth potential in the HVDC/SST industry trend, indicating a high market space and further value enhancement opportunities [1] Group 3: New Energy Sector - The Guotai New Energy ETF (159387) tracks the Innovation Energy Index (399266), which has a daily price fluctuation limit of 20%, selecting listed companies involved in clean energy, new energy vehicles, and energy storage technologies to reflect the overall performance of innovative and growth-oriented companies in the new energy sector [1]

Group 1 - The DRAM sector is experiencing significant investment growth in both HBM and general DRAM, leading to a tightening market supply and demand [1] - Investment in logic chip manufacturing processes is increasing as the industry moves towards 2nm and 1.4nm technology nodes [1] - The NAND flash memory sector is seeing rising demand for eSSD in data centers, prompting clients to increase utilization rates and invest in new equipment [1] Group 2 - Overall WFE investment in the Chinese market is expected to remain stable, with a shift from last year's focus on storage investment to logic chip investment [1] - In the medium to long term, AI applications are projected to continuously drive investments in advanced semiconductors, with the high-end wafer front-end manufacturing equipment market expected to maintain a compound annual growth rate of 10% until 2030 [1] Group 3 - The Guotai ETF (589630) tracks the Sci-Tech Innovation Index (000680), which has a daily price fluctuation limit of 20% [1] - The index consists of eligible securities listed on the Sci-Tech Innovation Board, aiming to reflect the overall performance of the board [1] - Its constituent stocks cover a significant portion of the market capitalization of the Sci-Tech Innovation Board, with a balanced industry distribution focusing on information technology, biomedicine, and high-end equipment, showcasing strong innovation and growth potential [1]

Market Overview - Asian stock markets retreated from record highs as investors locked in profits ahead of the Chinese New Year, with the MSCI Asia-Pacific index falling 0.9%, marking its first decline in six trading days [1] - The South Korean Kospi index rose 0.9%, showcasing resilience amid concerns over U.S. tech stocks due to AI-related anxieties [1][2] - The U.S. 10-year Treasury yield increased by 1 basis point to 4.11%, partially recovering from gains driven by risk aversion [1][5] Commodity Performance - Gold prices rose by 0.7% to approximately $4,950 per ounce, while silver saw a daily increase of 3%, reaching $77.46 per ounce [1][5] - Bitcoin rebounded after four consecutive days of decline, trading at $66,335.45 [5] Inflation and Interest Rate Expectations - The market is focused on the upcoming U.S. January inflation data, with expectations for the core Consumer Price Index (CPI) to rise by 2.5% year-on-year [1][8] - Traders have pushed back expectations for a Federal Reserve rate cut from June to July, with minimal likelihood of a cut in March [1][8] - Citigroup's Benjamin Wiltshire cautioned that the market may be overly optimistic about U.S. inflation prospects, suggesting that inflation expectations could be revised upward [8] AI Market Impact - The volatility in U.S. markets reflects the high risks associated with the AI boom, but the impact on Asian markets has been relatively contained so far [7] - Applied Materials' strong post-market performance indicates potential easing of AI-related concerns [7] Regional Stock Performance - The MSCI Asia-Pacific index has risen approximately 12% year-to-date, while the S&P 500 index has erased all its gains for the year, currently down 0.2% [2] - The South Korean Kospi index has surged 32% this year, making it the best-performing stock market globally [2]

Core Viewpoint - The rapid spread of the video model Seedance 2.0 on social media has sparked discussions about the implications of AI-generated content and the challenges of distinguishing between real and fake information [1][3]. Group 1: AI Misuse and Regulation - Authorities have taken action against accounts that publish AI-generated content without proper identification, leading to the processing of 13,421 accounts and the removal of over 543,000 pieces of illegal information [4][5]. - Specific cases include accounts that misused AI to create misleading videos about heroic acts by animals and impersonated public figures to gain followers and profit [4][5]. - The government emphasizes the need for content creators to label AI-generated content to prevent public deception and maintain a healthy online environment [5][8]. Group 2: Special Actions and Future Measures - A joint initiative in Shanghai aims to combat false information related to enterprises generated by AI, focusing on protecting corporate reputations and preventing misinformation [6][7]. - The initiative will involve strict enforcement against platforms and accounts that repeatedly violate regulations, with a goal of creating a fair business environment [7]. - Continuous monitoring and improvement of identification mechanisms for AI-generated content will be implemented to address issues of low-quality and misleading information [6][7].

Core Viewpoint - The logistics sector has become the latest victim of "AI panic trading," following significant declines in software and financial sectors, with major logistics stocks experiencing sharp drops in both US and European markets [1][4][6]. Group 1: Market Reactions - On February 12, the Russell 3000 Trucking Index fell by 7.8%, with Robinson Global Logistics (CHRW) dropping over 14% and Expeditors International (EXPD) declining over 13% [1][4]. - In the A-share market, several transportation stocks also saw significant declines, with China Ocean Shipping Energy (中远海能) down over 8% and China Merchants South Oil (招商南油) down nearly 7% [1][3]. - The sell-off in logistics stocks was primarily influenced by the overnight plunge in US and European logistics stocks [4][6]. Group 2: AI Impact - The recent sell-off was triggered by Algorhythm Holdings' announcement that its SemiCab platform could increase freight volume by 300% to 400% without adding operational staff, leading to a surge in its stock price by nearly 79% at one point [4][5]. - Algorhythm's CEO emphasized that the logistics industry has been historically limited by human resources, and their platform aims to break this dependency by embedding intelligence directly into freight operations [5]. Group 3: Broader Market Context - Analysts noted that the current AI "super cycle" is reshaping global industry dynamics, intertwining technological benefits with market anxieties [2][6]. - The panic selling is not limited to technology stocks; any sector associated with AI news is experiencing similar reactions, indicating a broader market trend of fear and uncertainty [7][8]. - The ongoing turmoil in the market has not yet significantly impacted discussions on monetary policy, but prolonged volatility could change this [8].

Core Insights - 360doc, a well-known knowledge management platform, announced the free transfer of its core technology, data, and operations team, requiring a minimum of 5 million yuan in funding from potential buyers, marking a critical turning point for the platform that has served 80 million users and stored 1.1 billion articles over 20 years [1][11]. Financial Performance - The financial reports of Sixzhi Information reveal a continuous decline in revenue from 2022 to 2024, with figures of 10.9372 million yuan, 10.0394 million yuan, and 8.0880 million yuan respectively, alongside net losses for three consecutive years [3][4]. - In the first half of 2025, the situation worsened with revenue of 2.5181 million yuan, a year-on-year decrease of 43.84%, and a net loss of 4.1843 million yuan, representing a year-on-year increase in losses of 585.92% [3][4]. Business Model Challenges - The platform's heavy reliance on advertising revenue, which peaked at 63.34% of total income, has become a critical vulnerability due to the low quality and mixed nature of content, leading to difficulties in attracting high-value advertisers [2][3]. - The over-dependence on search engines for traffic has resulted in a precarious business model, where any algorithm changes could lead to significant drops in user engagement and revenue [4][14]. Operational Burdens - The maintenance of 1.1 billion articles has created unsustainable operational costs, including server upkeep and a dedicated team for copyright compliance, which far exceed the platform's meager advertising income [5][15]. - Continuous losses have stripped the small team of its ability to sustain operations independently, leading to the current crisis [5][15]. Industry Transformation - The emergence of AI tools has fundamentally altered knowledge acquisition methods, shifting from active searching to intelligent Q&A, which undermines the traditional value proposition of platforms like 360doc [6][19]. - Major industry players, such as Baidu and Zhihu, are rapidly adapting to AI advancements, while 360doc struggles to transition from a static knowledge repository to an interactive knowledge partner [6][18]. Future Considerations - The founder has set three core conditions for potential buyers: a minimum of 5 million yuan in funding to ensure two years of stable operations, respect for user rights, and a clear operational plan, indicating the platform's precarious future [19].

Core Insights - Manulife reported a defining year in 2025, achieving record core earnings and strong new business growth under IFRS 17, while maintaining a robust capital return strategy [3][5] - The company generated CAD 6.4 billion in remittances and returned nearly CAD 5.5 billion to shareholders, with a LICAT ratio of 136% and a financial leverage ratio of 23.9% [1][5] - Core earnings per share (EPS) grew by 8% to 9%, supported by strong results in Global Wealth and Asset Management (Global WAM) and double-digit earnings growth in Asia [1][5] Financial Performance - Q4 net income was CAD 1.5 billion, impacted by a CAD 232 million charge from an older investment portfolio and a CAD 162 million hedge accounting loss [4][9] - Core EPS increased by 9% year-over-year, marking the sixth consecutive quarter of new business CSM growth above 20% [8][9] - Adjusted book value per share rose 6% year-over-year to CAD 38.27, with a 3% reduction in growth rate due to a strengthening Canadian dollar [7] Business Segments - New business CSM growth exceeded 20% across all insurance segments, contributing to double-digit growth in the company's CSM balance [2][5] - Asia's core earnings rose 24% year-over-year, with a new business value (NBV) margin increase of 5.5 percentage points to 41.2% [11][12] - Global WAM experienced CAD 9.5 billion in net outflows, but pre-tax core earnings grew by 8%, supported by AUMA growth and margin expansion [4][14] Strategic Initiatives - Manulife's refreshed enterprise strategy aims for high-quality, sustainable growth, with significant moves including the acquisition of Comvest Credit Partners and a joint venture in India's life insurance market [18][19] - The company is the first international life insurer to establish an office in the Dubai International Financial Centre, focusing on high-net-worth life insurance solutions [19] - Manulife ranked first among global life insurers for AI maturity and is progressing towards generating over $1 billion of AI enterprise value by 2027 [21]