光大证券指出，基础化工、化学制品行业当前处于周期底部回升阶段，化工品价格指数有望止跌企 稳，行业整体进入底部蓄势期。在库存低位叠加需求逐步修复的背景下，下游企业补库将推动行业盈利 能力触底回升。化工行业PE估值历史分位数较高，PB估值接近2019年和2024年底部水平，显示行业仍 具较大上行空间。新兴应用领域如AI、OLED、机器人等终端市场的高景气度成为行业新增长引擎，半 导体材料受算力需求拉动持续扩张，光刻胶、湿电子化学品等核心材料处于"需求扩张+国产替代加 速"共振阶段。石油化工方面，"三桶油"在油价下行期盈利韧性凸显；基础化工子行业龙头凭借规模和 技术优势，有望在产能结构性优化中持续提升市占率。 【免责声明】本文仅代表作者本人观点，与和讯网无关。和讯网站对文中陈述、观点判断保持中立，不对所包含内容 的准确性、可靠性或完整性提供任何明示或暗示的保证。请读者仅作参考，并请自行承担全部责任。邮箱： news_center@staff.hexun.com 化工龙头ETF（516220）跟踪的是细分化工指数（000813），该指数从中国化工行业中精选涉及基 础化学品、特种材料等多个子领域的优质上市公司证券作为指 ...

Core Viewpoint - SenseTime's stock price surged to HK$2.40, reflecting a 7.14% increase, driven by short-term catalysts in the "robotics, AI" sector and long-term improvements in its fundamentals, supported by institutional ratings and increased trading volume [1][2] Stock Performance - The stock reached a high of HK$2.40 with a trading volume of 705 million shares and a total turnover of HK$16.62 billion [2] - The stock opened at HK$2.26 and had a trading range between HK$2.24 and HK$2.40, with a market capitalization of HK$955.44 billion [2] Institutional Support - Galaxy Securities initiated coverage on SenseTime with a target price of HK$3.18, indicating a potential upside of 47% from the closing price of HK$2.16 on December 10, 2025 [2] Product Launches - SenseTime's recent "Product Launch Week" introduced several innovative AI products, including the Seko2.0 multi-episode generation agent and various AI applications for office and e-commerce [3][5] - The Seko2.0 can create and organize content simultaneously, while the AI assistant Xiaohuanxiong 3.0 and the marketing agent "Like Shadow" enhance operational efficiency [3][5] Growth Projections - Galaxy Securities forecasts a compound annual growth rate (CAGR) of 30% for SenseTime from 2024 to 2027, with revenue expected to rise from RMB 3.8 billion to RMB 8.3 billion, and profitability anticipated by 2027 [4] - The company's strategy focuses on independent market operations in various innovative sectors, optimizing resource allocation and financial structure [4] Technological Advancements - SenseTime's new products address industry challenges and enhance operational efficiency, with the Seko2.0 achieving significant upgrades and the AI office assistant demonstrating high accuracy in enterprise scenarios [5] - The open-source multi-modal NEO architecture requires only 3.9 million training data to achieve top performance, showcasing the company's technological capabilities [5] Valuation Insights - The launch of new products is seen as a key driver for valuation recovery, with Galaxy Securities noting that the current enterprise value/sales ratio of 13 times for the 2026 fiscal year does not fully reflect the growth potential of generative AI [6] - The combination of continuous technological breakthroughs, clear strategic focus, and positive capital ratings creates a resonant effect that positions SenseTime for sustained growth [6]

Core Viewpoint - SenseTime Technology's stock price surged to HK$2.40, reflecting a 7.14% increase, driven by short-term catalysts in the "robotics, AI" sector and long-term improvements in its fundamentals, supported by institutional ratings and increased trading volume [1][2] Stock Performance - The stock reached a high of HK$2.40 during trading, with a trading volume of 705 million shares and a total turnover of HK$16.62 billion [2] - The stock's 52-week high is HK$2.94, while the low is HK$1.24, indicating significant volatility [2] Institutional Support - Galaxy Securities initiated coverage on SenseTime with a target price of HK$3.18, suggesting a 47% upside from the closing price of HK$2.16 on December 10, 2025 [2] Product Launches - SenseTime's recent "Product Launch Week" introduced several innovative AI products, including the Seko2.0 multi-episode generation agent and various AI assistants tailored for different sectors, enhancing its application ecosystem [3] Growth Projections - Galaxy Securities forecasts a compound annual growth rate (CAGR) of 30% for SenseTime from 2024 to 2027, with revenue expected to rise from RMB 3.8 billion to RMB 8.3 billion, and profitability anticipated by 2027 [4] - The company's "1+X" strategy is seen as a key driver for growth, focusing on core generative AI while fostering independent growth in other innovative sectors [4] Technological Advancements - SenseTime's new products address industry challenges and enhance operational efficiency, with the Seko2.0 achieving significant upgrades and the AI assistant showing over 95% accuracy in enterprise scenarios [5] - The open-source multi-modal NEO architecture requires only 3.9 million training data to achieve top-tier performance, showcasing the company's technological capabilities [5] Valuation Insights - The launch of new products is viewed as a critical factor for valuation recovery, with Galaxy Securities noting that the current enterprise value/sales ratio of 13 times for the 2026 fiscal year does not fully reflect the growth potential of generative AI [6] - The synergy of continuous technological breakthroughs, clear strategic focus, and positive capital ratings is expected to enhance SenseTime's growth potential in the evolving AI industry [6]

此前，银河证券发布首次覆盖商汤科技的研报，报告中指出：给出3.18港元目标价，较2025年12月10日收盘价2.16港元有47%上涨空间。 同时，多重利好进一步助推股价走强。近日商汤开启的"产品发布周"，相继推出多款依托于其日日新多模态大模型的新产品与应用。其中包括行业首创、能 够同步完成创作与编排的多剧集生成智能体Seko2.0，该产品发布当天，国产AI芯片寒武纪已完成对商汤自研日日新Seko系列模型的Day0适配。同期亮相的 还包括面向办公场景的AI助手小浣熊3.0、专为电商运营打造的如影营销智能体，以及大晓机器人、咔皮家族等一系列AI产品，进一步丰富了其应用生态。 1月6日，商汤科技股价迎来强势拉升，盘中最高触及2.40港元，涨幅达7.14%，截至午盘休市报2.40港元，成交额16.62亿港元，成交量7.05亿股。 此次股价大涨并非偶然，既受益于"机器人、AI"短期概念板块催化，亦依托商汤科技长期基本面改善与行业逻辑共振，叠加机构评级背书与成交量放大的资 金、情绪双重支撑，成为港股AI板块焦点。 | HK$2.40 +0.16 +7.14% [280行情 | | | 6.47 万球] 休盘中 01-06 ...

（文章来源：每日经济新闻） 汽车ETF（516110）跟踪的是800汽车指数（H30015），该指数从中国A股市场中选取涉及整车制造、 零部件供应等汽车产业链上下游的上市公司证券作为指数样本，以反映汽车行业相关上市公司证券的整 体表现及其发展趋势，具有较强的行业代表性。 1月6日，汽车ETF（516110）涨超1.3%，资金面看，连续4日迎资金净流入，政策与自动驾驶进展提振 行业预期。 东吴证券指出，2026年汽车零部件行业受国内总量影响，Beta整体较弱，但结构性机会优于总量机会， 存量市场需寻找穿越周期的α，优选高竞争力带来市占率提升的产品型公司及内生外延切入高价值赛道 的企业。全球化趋势下，优先布局欧洲/北美/东南亚产能的零部件企业成长性和抗风险能力显著提升， 随着盈利修复与客户深耕，有望在2026-2030年发展为全球Tier1或平台型龙头。机器人领域与人形机器 人相关的执行器、减速器等供应链受益，技术同源且制造协同的汽零龙头具备优势。 ...

Market Performance - The Shanghai Composite Index opened higher and closed significantly up, reaching a new high not seen since July 24, 2015, with a closing value of 4083.67 points, a rise of 1.50% [1] - The Shenzhen Component Index also saw a notable increase, closing at 14022.55 points, up 1.40% [1] - The ChiNext Index experienced a lower opening but stabilized and closed at 3319.29 points, with a gain of 0.75% [1] - Overall, over 4100 stocks rose, with nearly 150 stocks hitting the daily limit up [1] Sector Performance - The brain-computer interface sector continued its strong performance from the previous trading day, alongside significant gains in sectors such as non-ferrous metals, aviation, insurance, securities, chemicals, and shipbuilding [1] - All securities stocks experienced an increase, indicating a positive trend in the financial sector [1] Investment Insights - According to institutional views, the A-share market is entering a strong phase due to a series of counter-cyclical adjustment policies, with a focus on sectors like semiconductors, consumer electronics, artificial intelligence, robotics, and commercial aerospace for mid-term investment opportunities [2] - The upcoming earnings forecasts for 2024 and 2025 are expected to show significant growth, particularly as the performance base for Q4 2024 is relatively low [2] - The securities industry is anticipated to recover in 2025, with improving return on equity (ROE) and potential for valuation expansion, driven by favorable industry policies [2] Aviation Industry Projections - By 2025, China's civil aviation sector is projected to handle 7.7 billion passenger trips, with a total transport turnover of 1640.8 billion ton-kilometers, reflecting year-on-year growth of 10.5% and 5.5% respectively [3] - The civil aviation authority aims to enhance the efficiency of air transport networks and improve passenger travel processes [3] Corporate Developments - China Aerospace Science and Industry Corporation is offering a 29.5904% stake in its subsidiary, China Aerospace Science and Industry Rocket Technology Co., with a base price of approximately 329.985 million yuan, valuing the company at around 11.2 billion yuan [4] - NVIDIA plans to test Level 4 autonomous taxi services by 2027, highlighting its focus on autonomous vehicles as a key growth area alongside AI infrastructure [5]

Group 1 - The "14th Five-Year Plan" period is a critical phase for the high-quality development of Beijing's urban sub-center, with comprehensive carrying capacity expected to continuously improve [2] - The M101 line is set to be completed and operational, along with the northern extension of the Yizhuang line, enhancing the "11 horizontal and 9 vertical" backbone road network [2] - The urban sub-center will accommodate the relocation of eight municipal state-owned enterprises, including Beijing Bank, and develop an 80-kilometer national-level pedestrian path along the Grand Canal [2] Group 2 - The "Mars Science Fiction City" project is planned to start construction in the second half of this year, with a total area of approximately 190,000 square meters, featuring cutting-edge technology such as artificial intelligence and robotics [5] - The project aims to create an immersive science fiction experience, including a science fiction museum, educational programs, and various entertainment zones, with a projected opening in 2029 [5] - The project will also collaborate with popular domestic science fiction IPs and may introduce a joint ticketing system with nearby theme parks [5] Group 3 - Xiaomi's automotive factory in Tongzhou has produced over 500,000 vehicles since its establishment three years ago, with plans to focus on smart cockpits and automotive-grade chips [6] - The company aims to enhance the industrial chain ecosystem by attracting specialized enterprises and promoting a new model of "cultural tourism + industry" [6] - An industrial tourism route has been developed, integrating production observation, technology experience, and educational programs, particularly targeting middle and primary school students [6]

格隆汇1月6日丨建发致新(301584.SZ)在互动平台表示，公司目前没有通过产业投资者基金布局商业航 天、机器人、新能源和芯片等科技行业情形。公司目前并不掌握控股股东建发集团通过投资基金布局商 业航天、机器人、新能源和芯片行业的具体信息。 ...

格隆汇1月6日丨华西股份(000936.SZ)在投资者互动平台表示，目前，公司对外直接投资项目未涉及机 器人、具身机器人、具身智能、人形机器人相关领域。 ...

格隆汇1月6日丨建发致新(301584.SZ)在互动平台表示，公司目前没有通过产业投资者基金布局商业航 天、机器人、新能源和芯片等科技行业情形。公司目前并不掌握控股股东建发集团通过投资基金布局商 业航天、机器人、新能源和芯片行业的具体信息。 ...