恒指成分股中，中石油、恒基地产涨超3%，美的集团、石药集团、中海油、李宁、恒隆地产涨超2%。 | 代码 | 名称 | | | 112年1 | 涨幅% | 年初至今涨幅% | | --- | --- | --- | --- | --- | --- | --- | | HSTECH | 恒生科技指数 | | | 5211.50 | -2.91 | -5.52 | | HSI | 恒生指数 | 1 | | 26413.35 | -1.10 | 3.05 | | HSCEI | 恒生国企指数 | 2 | | 8959.56 | -1.22 | 0.51 | | 代码 | 名称 | | | 涨跌幅 ^ | 年初至今涨跌 | 总市值 | | 06618 | 京东健康 | | (0) | -6.27% | 2.43% | 1824.47亿 | | 09888 | 百度集团-SW | | | -6.25% | -1.90% | 3547.72 Z | | 01347 | 华虹半导体 | | | -5.76% | 26.72% | 1635.98亿 | | 00268 | 金蝶国际 | | | -5.65% | -20.77% ...

消息面上，敏实近期北美重大合作连续落地。2月9日，敏实与绿的谐波成立美国合资公司，开展人形机 器人关节模组总成业务。2月10日，敏实公告将与爱信精机株式会社及丰田通商株式会社成立合资公 司，以生产铝制车身骨架部件，其成立旨在加强北美市场汽车铝制车身骨架部件的供应体系。 长江证券发布研报称，敏实集团作为全球外饰龙头，2017年积极布局汽车电池盒业务，近年已成长为全 球电池盒头部企业，规模效应下盈利水平持续提升，后续随欧洲新能源渗透率持续提升助力公司主业快 速增长。同时，公司前瞻布局机器人、液冷、低空等领域，当下进展顺利，各项业务快速推进中，后续 有望打造公司多维成长曲线。 智通财经APP获悉，敏实集团(00425)午后涨超4%，高见45.7港元，创历史新高。截至发稿，涨3.79%， 报45.46港元，成交额2.99亿港元。 ...

首程控股(0697.HK)盘中大涨超12%，报2.36港元，创去年10月以来新高。消息面上，2026年丙午马年春晚，机器人节目再度刷屏。从宇树科技的灵动机器 狗到银河通用的具身智能机器人，多家硬科技企业同台竞技。而在这些闪耀身影的背后，一家港股上市公司——首程控股（0697.HK)悄然成为最大"幕后 赢家"。 据不完全统计，此次亮相春晚的机器人企业中，宇树科技、银河通用、松延动力均为首程控股的被投公司。其中，松延动力在春晚开演前官宣参演，首程 控股正是其第一大外部投资机构，自2024年领投后持续加码；而宇树科技更是第三次登上春晚舞台，首程不仅提供了资金支持，还为其链接了销售代理与 场景资源。 ...

格隆汇2月20日｜中东局势再趋紧张，避险情绪升温，美股隔晚下跌，港股在马年首个交易日弱势震 荡。截至半日收盘，恒生科技指数跌2.28%，恒指跌0.61%报26544.12点，国企指数跌0.59%。科技股集 体下跌，AI应用、机器人、存储、石油股逆势上涨。恒生指数成分股中，中石油涨超5%，恒基地产、 中海油涨超3%，李宁、信达生物涨超2%；恒生科技指数成分股中，百度、金蝶国际、哔哩哔哩、京东 健康跌超5%。 来源：格隆汇APP ...

Market Overview - The Hong Kong stock market experienced a decline on the first trading day of the Year of the Rabbit, with the Hang Seng Index down 0.6% to 26,544.62 points, the Hang Seng Tech Index down 2.28% to 5,245.1 points, and the National Enterprises Index down 0.59% to 9,016.99 points [1] - Major technology stocks saw significant declines, including Alibaba down 3.75%, Tencent down 1.97%, and JD Group down 1.42% [1] AI and Robotics Sector - The AI and robotics sectors saw explosive growth, with several stocks reaching historical highs. MINIMAX-WP (00100) surged over 14% to 980 HKD, marking a year-to-date increase of over 450% [2] - The company launched the MiniMax M2.5, a production-grade model designed for Agent scenarios, which has attracted significant developer interest [2] - Zhizhu (02513) opened over 5% higher at 534 HKD, with projections of a 120% compound annual growth rate in revenue from 2025 to 2028 [2] - Aixin Yuanzhi (00600) saw a rise of over 16%, nearing a market capitalization of 20 billion HKD, following the successful testing of its high-end smart driving chip M97 [2] Earnings Disparity - Suton Ju Chuang (02498) reported a significant turnaround, with a forecast of achieving its first quarterly profit of at least 60 million RMB in Q4 2025, indicating a scaling phase for its robotics business [3] - The company Wang Guo Gold Group (03939) anticipates a profit increase of 143%-161% for the 2025 fiscal year, driven by rising gold prices and increased production [3] - Conversely, Shisi Pharmaceutical Group (02005) warned of a profit decline of 45%-60% for 2025 due to factors such as the lack of a major flu outbreak and price reductions in collective procurement [3] Buybacks and Fund Movements - Xiaomi Group-W (01810) repurchased 1.5 million shares for approximately 54.7 million HKD, while NetEase Cloud Music (09899) repurchased 92,400 shares for nearly 15 million HKD [4] - Other companies like Geely Automobile and Meitu also engaged in significant share buybacks [4] - Southbound capital flows showed a mix of cautious sentiment and recovery, with expectations for a rebound in Hong Kong tech stocks amid RMB appreciation [4] Institutional Insights - According to CICC, the recent pullback in Hong Kong stocks is attributed to hawkish expectations from the Federal Reserve and concerns over AI capital expenditures, but there is potential for recovery [6] - Analysts from ING noted that the recent decline in gold prices is a corrective pause, with expectations for strong demand as liquidity in Asian markets improves [6] - Electric equipment stocks rose, with Shanghai Electric up 7.38% and Harbin Electric up 4.45%, as analysts see long-term investment opportunities in the sector due to ongoing electricity shortages in the U.S. [6]

2月19日，速腾聚创（02498）发布盈利预告，预计2025年第四季度实现首次单季度盈利，盈利规模不低 于人民币6000万元。这标志着公司经营正式迈入新阶段，也意味着公司前瞻性布局的机器人业务，已从 投入期进入规模化收获期。 机器人赛道多点开花 从割草机器人到人形机器人，再到无人配送与Robotaxi，速腾聚创已在多个高增长细分赛道建立领先优 势。 割草机器人领域，公司与库犸科技、九号机器人等头部客户深度绑定。CES 2026期间，速腾聚创与九 号旗下品牌Segway Navimow联合发布Navimow i2 LiDAR型号，搭载专为割草场景定制的E1R数字化激 光雷达，针对复杂庭院场景进行了多项优化，进一步巩固了公司在割草机器人领域的领先地位。 人形机器人领域，速腾聚创与宇树科技、智元机器人、银河通用等20多家具身智能客户达成合作，问鼎 中国人形机器人激光雷达销量排行榜榜首。2025年12月，智元机器人第5000台通用具身机器人"灵犀 X2"正式下线，其旗舰版标配速腾聚创E1R固态数字化激光雷达，这一里程碑事件，印证了公司在人形 机器人产业化浪潮中的核心卡位优势。 无人配送与Robotaxi领域，速腾聚创 ...

Group 1: Market Overview - On February 20, the Hong Kong stock market opened lower, with the Hang Seng Index down by 1.01%, the Hang Seng Tech Index down by 2.17%, and the Hang Seng China Enterprises Index down by 1.1% [1] Group 2: AI and Robotics Sector - AI application stocks performed strongly against the market trend, with Zhihui rising over 21%, Haizhi Technology Group up by 23%, and MINIMAX-WP increasing by 10% [2] - Zhihui announced a "Computing Power Partner" recruitment plan, aiming to collaborate with chip manufacturers and service providers to optimize their GLM-5 model [2] - The robotics sector saw significant gains, with companies like Yujian rising over 20%, Sutech increasing by nearly 12%, and UBTECH up by 10% [3] - The popularity of robotics was boosted by performances during the Spring Festival Gala, attracting audience attention and driving sales on platforms [3] Group 3: Oil Sector - Oil stocks surged, with China National Offshore Oil Corporation rising by 2.23%, reaching a historical high of HKD 25.70, and a total market capitalization of HKD 12,215.20 million [4] Group 4: Technology Sector - The majority of technology stocks in Hong Kong experienced declines, with Kingdee International down over 5%, Baidu down over 5%, Alibaba and Bilibili down over 4%, NetEase down over 3%, and Tencent down over 2% [5] Group 5: Precious Metals - Precious metals like gold and silver saw slight adjustments, with spot gold down by 0.11% and spot silver down by 0.29% [6] - Goldman Sachs indicated that central bank purchases and increased exposure to gold by private investors due to potential Fed rate cuts could lead to gold prices gradually rising to USD 5,400 per ounce by the end of 2026 [6]

Group 1 - The core viewpoint of the articles highlights a significant surge in robot-related stocks, driven by the popularity of robot performances during the Spring Festival Gala, leading to increased sales and interest in the sector [1][2] - Notable stock performances include Yujiang (02432) up 6.52% to 42.5 HKD, Hesai-W (02525) up 6.05% to 214 HKD, and SUTENG (02498) up 5.76% to 36.38 HKD, among others [1] - JD reported a substantial increase in robot-related metrics during the Spring Festival Gala, with search volume up over 300%, customer inquiries up 460%, and order volume up 150% within two hours of the event [1] Group 2 - Dongwu Securities emphasizes that the advancements in core robotic capabilities are crucial for the industry's transition from experimental phases to mass production, marking a significant development from 2021 to 2025 [2] - The report anticipates that by 2026, major companies like Tesla and leading domestic firms will commence large-scale production, representing a new phase in the industry [2] - Investment focus is expected to narrow down to companies with genuine mass production capabilities and integration into the supply chain [2]

Group 1 - Core viewpoint: Xiaopeng Motors has made significant advancements in solid-state battery technology and is accelerating its transformation into an AI technology company, while short-term subsidies during the Spring Festival are providing support to the new energy vehicle market [1] Group 2 - Recent event: On February 16, 2026, Xiaopeng Motors announced the completion of full-scene road testing for its solid-state battery, which has an energy density of 450Wh/kg, a range exceeding 1000 kilometers, and can charge to 80% in 10 minutes, enhancing its competitive edge in the new energy sector [1] - Spring Festival market stimulus: During the Spring Festival period (up to February 19, 2026), multiple subsidy policies have driven the demand for new energy vehicles, particularly in county markets, with Xiaopeng Motors experiencing increased foot traffic in its county stores and strong demand for models priced between 100,000 to 150,000 yuan [1] - AI strategic transformation: On February 14, 2026, Xiaopeng Motors clarified its positioning as an "AI technology company," focusing on autonomous driving and robotics, aiming to reconstruct its profit model through AI technology and enhance its influence in the industry [1] Group 3 - Stock performance: From February 13 to 19, 2026, Xiaopeng Motors-W (09868.HK) saw a price fluctuation of -0.57%, closing at 69.65 HKD on February 16, while Xiaopeng Motors (XPEV.N) in the US experienced a -0.68% change, closing at 17.58 USD on February 19 [2] - Fund flow: On February 13, 2026, Xiaopeng Motors-W in the Hong Kong stock market had a net inflow of 10.0341 million HKD, indicating some investors are positioning themselves at lower prices [2] - Technical analysis: As of February 16, 2026, Xiaopeng Motors-W's stock price was below the middle band of the Bollinger Bands (71.5 HKD), with the MACD histogram turning positive, suggesting a potential need for short-term consolidation [2]

今年马年央视春晚，被不少观众称为"科技春晚"。直播中机器人几乎从头登场到尾场：有人形机器人打 武术，有机器人参与小品互动，还有机器人在歌舞节目中做伴舞。 具体来看，华夏中证机器人ETF节前一周净流入14.33亿元，易方达国证机器人产业ETF净流入额约为 6.62亿元，天弘中证机器人ETF、景顺长城国证机器人产业ETF均获得亿元以上净流入。 （文章来源：21世纪经济报道） Wind数据统计显示，目前全市场与机器人主题直接相关的ETF约有13只，在春节前最后一周（2月9日至 2月13日），这类产品合计实现约25.77亿元的净流入。 ...