行业方面，腾讯元宝新年红包活动近日敞开，用户能够经过共享、用新年模版生成同款、与元宝聊新年话题、体会DeepSeek新技能等方法取得抽奖次数。 敞开后，元宝在微信生态中的共享量有显着增长。新年期间各大互联网公司运营力度加大，各家产商开始走向2C流量和商业化争夺，国内Chatbot类产品料 将继续高确认性起量，有望对标2023年新年ChatGPT出圈以及2025年新年DeepSeek出圈。 光控资本指出，AI产业继续发展，建议关注AI使用以及IP商业化等方向增量，大模型能力继续增强，AI使用推进落地，要点推荐AI营销、游戏、影视、 AI+IP等方向。跟着新年等核心流量窗口到来，AI使用迎来重要运营催化，2月1日腾讯敞开元宝红包活动，经过交际场景与激励机制提升用户触达与使用频 次，有望加快AI产品渗透与用户心智树立。节假日高频流量叠加运营侧强影响，将继续验证AI使用的留存、活泼与商业化潜力，相关方向关注度有望阶段 性提升。 AI使用概念9日盘中走势活泼，截至发稿，中文在线、海看股份、捷成股份20%涨停，万兴科技涨超10%，掌阅科技、完美国际、博纳影业等亦涨停。 ...

Market Performance - A-shares experienced a strong upward trend on February 9, with the Shanghai Composite Index rising over 1% to surpass 4100 points, and the ChiNext Index increasing nearly 3% [1] - The total trading volume in the Shanghai and Shenzhen markets reached 2.25 trillion yuan, an increase of 103.8 billion yuan compared to the previous trading day [1] - Key sectors that saw significant gains included AI applications, computing power hardware, chemicals, and photovoltaic industries, with several stocks hitting the daily limit [1][2] Sector Highlights - The film and television, photovoltaic equipment, cultural media, and AI hardware sectors showed the highest gains, while oil and gas extraction, gas, and other related sectors faced declines [2] - The photovoltaic sector continued its upward momentum, with companies like JinkoSolar and TCL Zhonghuan reaching their daily limits [1][2] Institutional Insights - Investment firms suggest that the overall market trend remains upward, with opportunities in high-growth sectors such as semiconductors, consumer electronics, artificial intelligence, and commercial aerospace [3] - Analysts believe that the recent adjustments have released certain risks, and upcoming events and the "Spring Festival effect" may create a favorable environment for market recovery [3][4] - Recommendations include maintaining positions through the holiday and focusing on sectors with high growth potential, particularly AI computing and chemical industries [4] Economic Transition - Data from the National Taxation Administration indicates that during the "14th Five-Year Plan" period, China's economic and social green transition is accelerating, with significant growth in green technology sectors [5] - Key green product manufacturing industries, such as new energy vehicles and photovoltaic equipment, are expected to see annual sales growth rates exceeding 30% [5] Box Office Performance - As of February 9, 2026, the pre-sale box office for the Spring Festival films has surpassed 10 million yuan, with titles like "Flying Life 3" and "Silent Awakening" leading the pre-sale rankings [6]

Market Overview - The A-share market saw all three major indices rise, with the Shanghai Composite Index increasing by 1.41% to 4123 points, the Shenzhen Component Index rising by 2.17%, and the ChiNext Index up by 2.98% [1][2] - The total market turnover reached 2.27 trillion yuan, an increase of 106.7 billion yuan compared to the previous trading day, with over 4600 stocks rising [1] Sector Performance - The AI application sector experienced significant gains, with stocks like Zhongwen Online, Jiecheng Co., and Rongxin Culture hitting the daily limit [2] - The CPO concept and communication equipment sectors also performed well, with Longfei Fiber hitting the daily limit and stocks like Tianfu Communication and Guangku Technology rising over 17% [4][5] - The photovoltaic equipment sector strengthened, with stocks such as Juhe Materials and TCL Zhonghuan also hitting the daily limit [2][10] - The film and television sector saw strong performance, with companies like Jiecheng Co., Shanghai Film, and Hengdian Film all hitting the daily limit [8][9] Individual Stock Highlights - Tianfu Communication surged by 17.76% to 297.90 yuan, driven by a profit forecast indicating a 40-60% increase in net profit for 2025 due to demand from AI and global data center construction [14] - Wanjing Technology rose over 11%, with other stocks like Danghong Technology and Kunlun Wanwei also showing strong gains [7] - The film sector's strong performance is attributed to the upcoming extended Spring Festival holiday, with expectations of box office revenues reaching 7-8 billion yuan [8] Future Outlook - The market is expected to reflect the dynamic relationship between macroeconomic conditions and A-share performance, with signs of economic recovery in 2025 [17] - Historical trends indicate a "calendar effect" around the Spring Festival, with a preference for high-dividend, defensive sectors leading up to the holiday, followed by a potential shift to small-cap and growth sectors post-holiday [17]

Core Viewpoint - The Hong Kong stock market saw a significant rise in AI application stocks, particularly Xunce (3317.HK), which surged nearly 17% to HKD 61.8, indicating growing market recognition and investment value in AI infrastructure companies [1]. Group 1: Company Overview - Xunce is a real-time data infrastructure and analytics solution provider, offering real-time IT solutions that encompass data infrastructure and data analysis for enterprises across various industries [1]. - The company focuses on building a full-stack capability of "data computing platform + intelligent agents," positioning itself as a key enabler for enterprise-level AI implementation [1]. Group 2: Strategic Value - Xunce's strategic value lies in its high-moat AI underlying data operating system, which constructs a millisecond-level AI data agent platform [1]. - This platform drives real-time data analysis and efficient decision-making across diverse sectors such as finance, urban operations, energy, high-end manufacturing, healthcare, satellite, robotics, telecommunications, and consumer markets, thereby replacing traditional software decision-making functions [1]. Group 3: Market Recognition - Analysts note that Xunce's AI infrastructure capabilities are gradually being recognized by the market, leading to an acceleration in the release of its investment value and valuation [1].

*ST万方（维权）连续20日跌停，*ST精伦连续10日跌停，*ST国华连续6日跌停，*ST原尚连续2日跌 停，国发股份、郴电国际等跌停。 2月9日，A股全天下来共有96只涨停股、8只跌停股。 AI应用概念走强，引力传媒、荣信文化、中文在 线、掌阅科技等涨停。化工板块反复活跃，闰土股份2连板，红太阳、华尔泰、海翔药业、亚邦股份涨 停。 连板股方面，ST京蓝（维权）11天9板，百川股份9天6板，名雕股份7天6板，韩建河山5连板，天通股 份7天4板，ST京机6天4板，京投发展5天4板，协鑫集成、凯龙高科4连板，金富科技、ST华西（维权） 等3连板，TCL中环、拓日新能等4天2板，吉华集团3天2板，协鑫能科等2连板，长飞光纤、盛和资源等 涨停。 ...

格隆汇2月9日｜A股三大指数今日集体走高，截至收盘，沪指涨1.41%报4123点，深证成指涨2.17%，创 业板指涨2.98%，科创50指数涨2.51%。全市场成交额2.27万亿元，较前一交易日增量1067亿元，超4600 股上涨。 盘面上，字节上线Seedance2.0视频生成模型，AI应用板块集体走高，AI语料、Sora概念及 Kimi概念领涨，中文在线、捷成股份及荣信文化等多股涨停；CPO概念活跃，长飞光纤涨停；光伏设备 板块走强，聚和材料、TCL中环等多股涨停；钙钛矿电池、短剧概念、盲盒经济及激光雷达等板块涨幅 居前。另外，油气股、退税商店等少数板块录得下跌。(格隆汇) ...

| 上证指数 | 深证成指 | 北证5C | | --- | --- | --- | | 4123.09 | 14208.44 | 1541.5 | | +57.51 +1.41% +301.70 +2.17% +20.61 +1 | | | | 科创50 | 创业板指 | 万得全/ | | 1458.16 | 3332.77 | 6808.5 | | +35.76 +2.51% +96.31 +2.98% +126.03 +1 | | | | 沪深300 | 中证500 | 中证A5( | | 4719.06 | 8311.28 | 5899.2 | | +75.46 +1.63% +164.87 +2.02% +107.21 +1 | | | | 中证1000 | 中证2000 | 中证红和 | | 8233.78 | 3525.83 | 5709.0 | | | +182.20 +2.26% +73.05 +2.12% +37.95 +0 | | A股三大指数今日集体走高，截至收盘，沪指涨1.41%报4123点，深证成指涨2.17%，创业板指涨2.98%，科创50指数涨2.51%。全市场成交额2.27万 ...

其中增持力度最大的公司是谷歌，持股数量升至269万股，对比上季末增持幅度高达52.81%，持仓占比大增11.18%至20.82%，谷歌也因此成为 景林第一大持仓股。 减持方面，景林减持力度最大的是英伟达，去年四季度合计卖出154.09万股，减持幅度高达64.78%，英伟达在景林投资组合中的占比降至 3.86%。 景林资产管理合伙人、基金经理高云程认为，对作为重要AI应用入口或者平台的公司都应该重视。能称为世界级入口或者平台型的公司大约也 只有几家，例如谷歌、Meta、苹果、字节跳动、腾讯、OpenAI等。2026年很可能是AI Agent真正普及的元年。 （ 点此领取持仓名单 ） | 景林海外基金最新美股持仓 | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | | 资料来源:美国证监局官网,整理自私募排排网。截至日期: 2025年末。 | 公众号搜索 | 私募排排网 | | | | | | | 持股数量 | 公司代码 | 公司简称 | | 变动比例 | 持有市值 | 持仓占比 | 2025年涨跌 | | | | | | | (万美 ...

Group 1: Software ETF Performance - The software ETF Huatai (159590) saw most of its constituent stocks perform positively, with Dongfang Guoxin rising over 16%, Wanjing Technology increasing by over 11%, and 360 reaching the daily limit [2] - Key stocks and their performance include: - 360 (601360): 4.03% weight, 9.97% increase, trading volume of 4.363 billion - Keda Xunfei (002230): 12.40% weight, 2.72% increase, trading volume of 2.972 billion - Tonghuashun (300033): 7.02% weight, 3.54% increase, trading volume of 2.591 billion - Dongfang Guoxin (300166): 0.92% weight, 16.83% increase, trading volume of 2.201 billion - Wanjing Technology (300624): 1.18% weight, 11.57% increase, trading volume of 2.154 billion [3] Group 2: AI Video Generation Technology - ByteDance's AI video generation model, Seedance 2.0, has gained significant attention for its ability to create high-quality videos from text or images in under 60 seconds, featuring multi-scene narratives [4] - The model addresses key pain points in AI video generation, such as controllability and coherence, and is expected to catalyze a rebound in AI applications [5][6] - The technology is seen as a turning point for video generation, shifting the focus from technical capabilities to content quality and narrative value [7][8] Group 3: Market Sentiment and Future Outlook - Market sentiment is currently at a low point, but the introduction of Seedance 2.0 is expected to stimulate the AI application sector, particularly in cloud services and computing [5] - Analysts predict that the AI industry will see significant growth as the technology matures, with a focus on AI applications and the integration of AI agents into business processes [10][11] - The evolution of AI agents is anticipated to lead to structural changes in the industry, with increased demand for hardware and a shift in application entry points [12]

传媒行业重仓配置回落转为低配，游戏板块仍为市场关注重点 2025年Q4 SW传媒行业的适配比例为1.63%，基金重仓比例为1.22%，低配比例为0.41%。以SW传媒行 业重仓为基准，游戏板块维持超配，超配比例上涨3.59pct至40.26%，其余子板块持续低配。 游戏板块占据前十大重仓股主要部分，市场关注度较高 从持股市值看，2025年Q4 SW传媒行业的前十大重仓股分别为巨人网络、世纪华通、恺英网络、分众传 媒、三七互娱、完美世界、吉比特、神州泰岳、光线传媒、昆仑万维，游戏行业占据8席。从前十大重 仓股的行情表现来看，2025年第四季度三七互娱股价上涨，吉比特与恺英网络的股价跌幅尤为显著，分 别下跌了24.58%和22.12%。 智通财经APP获悉，万联证券发布研报称，从2025年Q4 SW传媒行业的基金重仓配置及估值水平看，行 业指数有所下跌，成交额活跃度有所回落，但仍处于高位，行业基金重仓比例由超配转至低配，游戏领 域头部公司是机构关注的核心，建议关注游戏版号储备丰富、布局AI应用的游戏公司。 万联证券主要观点如下： 基金重仓集中度环比回落，头部配置仍处高位 2025年Q4 SW传媒行业基金前5、前1 ...