今年春晚，最出圈的不是明星舞台，不是爆梗小品，而是一群会翻跟头、耍双节棍、演小品的人形机器 人。 它们或在《武BOT》中耍弄双节棍完成高难度空翻，或在小品里伸缩脖颈配合喜剧包袱，或在微电影中 精准完成"盘核桃"的精细操作，一举一动都牵动着亿万观众的目光，几乎承包了春晚半壁热搜。 仿佛一夜之间，人形机器人全面走进生活的时代已然来临。 更有很多报道对股市里的机器人概念各种挖掘解读吹捧，仿佛准备要迎接又一轮狂热的大涨潮。 在这场全民热议的顶级流量盛宴，确实让人看到了中国机器人的实打实的技术成果和飞速进步的态势。 但盛宴之下，却也藏着比以往同样更加强势的资本造势与套路。 你看到的，是一场精心编排的科技盛宴；而你看不到的，是一场千亿估值的资本狂欢，和一套早已谋划 清楚的资本套路。 很多人不知道，为了春晚舞台上这短短几分钟的露脸，机器人企业之间展开了一场门槛极高的席位争 夺。 单家企业的合作门槛6000万起步，头部企业的最高合作报价接近1亿元，独家合作权益的竞价一度触及5 亿元区间。 就连行业头部的智元机器人，也最终选择退出这场超高投入的竞争而黯然退出的传闻，都揭开了热闹表 象下，一场精心策划的资本博弈。 01 舞台之上 ...

开盘后，板块分化明显，资金逐渐从大型科技股轮动至AI应用标的。科技权重股普遍承压，百度集团- SW、金蝶国际、哔哩哔哩-W、京东健康等跌超5%，阿里巴巴-W跌超3%。 2月20日，港股迎来马年首个交易日，三大指数集体低开。马年春晚机器人亮相引发市场广泛关注，机 器人概念股逆势走强，成为今日最亮眼的主线。 Wind数据显示，截至午间收盘，恒生指数跌0.6%，恒生科技指数跌2.28%，恒生中国企业指数跌 0.59%。 | 資料 | 成分 | 资讯 | 相关基金 | 月度收益 | | --- | --- | --- | --- | --- | | 名称 | | 现价 | 涨跌幅 ◆ | lil | | 百度集团-SW | | 129.800 | -5.67% | -0.15° | | 9888.HK | | | | | | 金蝶国际 0268.HK | | 10.550 | -5.47% | 0.009 | | 毕 里 昨 里 - W | | 230.000 | -5.12% | 0.099 | | 9626.HK | | | | | | 京东健康 | | 57.600 | -5.03% | -0.35° | | ...

Market Overview - On February 20, Hong Kong stocks resumed trading after the holiday, with major indices opening lower and subsequently widening their losses. The Hang Seng Index fell approximately 1%, while the Hang Seng Tech Index dropped over 2% [1][12]. Stock Performance - The Hang Seng Index closed at 26,420.63, down 285.31 points or 1.07% [2][13]. - The Hang Seng Tech Index was at 5,228.51, down 139.01 points or 2.59% [2][13]. - The Hang Seng China Enterprises Index decreased by 98.38 points, or 1.08%, closing at 8,971.94 [2][13]. - The Hang Seng Biotechnology Index saw a slight increase of 0.34%, closing at 15,851.11 [2][13]. Sector Highlights - AI applications and humanoid robotics concepts experienced gains despite the overall market decline. Notable increases included: - Yujian (越疆) up nearly 20% [2][14]. - Sutonju Chuang (速腾聚创) up nearly 11% [2][14]. - UBTECH (优必选) up over 9% [2][14]. - MicroPort Robotics (微创机器人) up over 5% [2][14]. Humanoid Robotics Market Insights - The 2026 CCTV Spring Festival Gala featured the highest density of robots, marking a significant milestone in the industry. Companies like Yushutech, Magic Atom, Galaxy General, and Songyan Power showcased their innovations [3][14]. - During the gala, JD.com's robot search volume surged over 300%, customer inquiries increased by 460%, and order volume rose by 150%, indicating strong market interest [4][15]. - The advanced manufacturing research center noted that humanoid robots are transitioning from concept to viable technology, with ongoing breakthroughs in key technologies driving long-term growth in the sector [4][15]. AI Application Stocks - Haizhi Technology Group saw an initial surge of over 28%, with the current increase narrowing to approximately 14% [5][16]. - Zhipu AI experienced a peak increase of 25%, currently at about 13%, following the launch of its new flagship model GLM-5, which has expanded its parameters significantly [7][18]. - MiniMax also saw an initial rise of over 15%, now reduced to around 3%, with other companies like SenseTime and Baifeng Cloud also experiencing gains [10][21].

Market Overview - The Middle East situation is becoming increasingly tense, leading to heightened risk aversion, resulting in a decline in US stocks and a further drop in Hong Kong stocks on the first trading day of the Year of the Rabbit [1] - As of midday, the Hang Seng Technology Index fell by 2.28%, the Hang Seng Index decreased by 0.6%, and the National Enterprises Index dropped by over 1% [1] Stock Performance - The Hang Seng Index is at 26,544.62, down by 161.32 points or 0.60%, while the Hang Seng Technology Index is at 5,245.10, down by 122.42 points or 2.28% [2] - Semiconductor stocks weakened, with Huahong Semiconductor down over 3%, Shanghai Fudan down over 2%, and SMIC, Beike Micro, and ZTE all down over 1% [2] - Conversely, storage concept stocks performed well, with Lanqi Technology rising over 8% at one point, and Aixin Yuan Zhi increasing by 19.89%, reaching a historical high [2] Sector Highlights - The robotics sector continued its upward trend, with Yujian rising by 19%, Sutech increasing by over 9%, and Ubtech up by over 6% [3] - Oil sector stocks surged, with China Petroleum up by 4.58% and Yanchang Petroleum International up by 5%, driven by rising international oil prices amid escalating tensions between the US and Iran [3] - Within the Hang Seng Technology Index, Baidu Group fell nearly 6%, JD Health dropped over 5%, Tencent Music decreased over 4%, and Bilibili fell over 5% [3] Additional Stock Movements - Software sector stocks mostly declined, with Kingdee International down over 5% and Tian Shi Resources down over 3% [5] - In the consumer sector, both discretionary and staple consumer stocks collectively fell, with Laopu Gold down over 3% [5] - Spot gold prices fell by approximately $20, currently reported at $4,991.15 per ounce, while spot silver decreased by $1, now at $77.64 per ounce [5]

Group 1 - The Hong Kong stock market experienced a decline on the first trading day of the Year of the Horse, with the Hang Seng Technology Index falling by 2.28% and the Hang Seng Index down by 0.61% [1] - Internet technology stocks faced pressure, while the semiconductor sector also weakened [1] - In contrast, the robotics sector showed strong performance, with companies like Yujian rising over 19% and UBTECH increasing by over 6% [1] Group 2 - The surge in the robotics sector is closely linked to the "robot effect" from the 2026 CCTV Spring Festival Gala, which featured a high density of humanoid robots [2] - The Spring Festival Gala significantly boosted consumer interest, with JD.com reporting a 300% increase in robot search volume and a 150% increase in order volume within two hours of the gala [1][2] - The Beijing Economic and Information Technology Bureau noted that the city has over 30 humanoid robot manufacturers, positioning it among the top in the country [2] Group 3 - The East Wu Securities mechanical research team highlighted that advancements in core robotic capabilities are crucial for the industry's growth and transition from laboratory to factory settings [2] - The period from 2021 to 2025 is seen as foundational for the robotics industry, with 2026 expected to mark a significant shift towards large-scale production by leading companies [2] - Public funds have been actively researching the robotics supply chain, with major firms like Jiashi Fund and E Fund participating in investor activities [2]

春节假期过后，港股今日迎来马年首个交易日，恒指、恒科指数低开。截至收盘，恒指早盘收跌 0.61%，科指早盘收跌2.28%，恒指大市成交额917.55亿港元。盘面上，石油、人工智能、机器人概念股 逆势走强，影视娱乐、互联网医疗、线上零售及明星科网股走势疲弱。个股方面，智谱(02513.HK)大涨 19.09%，MINIMAX-WP(00100.HK)涨10.04%，中国石油股份(00857.HK)涨4.58%，百度(09888.HK)跌 5.67%，阿里巴巴(09988.HK)跌3.75%，哔哩哔哩(09626.HK)跌5.12%。 来源：滚动播报 ...

（文章来源：每日经济新闻） 每经AI快讯，2月20日，恒生指数早盘收跌0.61%，恒生科技指数收跌2.28%。互联网科技股普跌，百 度、哔哩哔哩跌超5%，阿里巴巴跌超3%。机器人概念逆势上涨，越疆涨超19%，优必选涨超6%。 ...

2026年2月20日（农历大年初四），港股年后首日开市，恒生指数低开低走，一度跌超1%，现跌 0.76%。 "两桶油"领涨恒指，中国石油（00857.HK）和中海油（00883.HK）现分别涨4.68%和3.82%，因地缘风 险，油价上涨。另一方面，百度（09888.HK）领跌，现跌5.74%；京东健康（06618.HK）、阿里巴巴 （09988.HK）、泡泡玛特（09992.HK）等均跌超3%。 但与此同时，AI和机器人股却大幅攀升，春节前上市的"AI去幻"概念股海致科技（02706.HK）再涨 18.75%，现报142.50港元，已较其发售价27.06港元高出426.61%。 年前发布大模型的MiniMax（00100.HK）和智谱（02513.HK）现也分别上涨9.21%和16.54%，报925.00 港元和592港元。 另一方面，在春晚上大放异彩的机器人概念继续推动行情，机器人股越疆（02432.HK）、优必选 （09880.HK）和极智嘉（02590.HK）等都大涨。 在农历新年期间，全球资产怎么走？对港股有何影响？ 美股现分化，中概股走弱 年前因为对AI投资回报和AI颠覆传统软件业的担忧影响下，美 ...

本文源自：金融界AI电报 港股机器人概念股集体上涨，越疆(02432.HK)上涨18%，速腾聚创(02498.HK)涨超9%，优必选 (09880.HK)涨6.3%，云迹(02670.HK)涨5.78%。 ...

港股市场机器人概念股集体走强，其中，越疆涨超18%，速腾聚创涨超11%，首程控股涨9%，优必选涨 近9%，云迹、 三花智控、极智嘉-W涨超6%，微创机器人-B、力劲科技涨超5%。 消息面上，马年春晚 再次将 人形机器人推向舞台中央。多家中国新兴人形机器人初创企业——宇树科技、银河通用、松延 动力和魔法原子在春晚上展示了各自的产品。 春晚期间，抖音电商同步推出"春晚同款"供给，带动相 关话题持续发酵、同款商品稳步热销。抖音电商数据显示，2月16日-18日，抖音电商机器人产品GMV 同比增长1680%，订单量同比增长655%。（格隆汇） ...