盘面上，黄金、基本金属板块大跌，个股现跌停潮。 09:27 黄金概念股多数低开，白银有色、兴业银锡、豫光金铅、中金黄金、盛达资源等多股跌停价开盘。 09:21 央行公开市场开展4775亿元7天期逆回购操作，操作利率1.40%。今日1250亿元逆回购到期。 09:16 现货黄金日内跌超1%，现报5313美元/盎司。现货白银失守114美元/盎司，日内跌1.2%。 09:25 A股开盘丨三大指数集体低开 09:15 人民币对美元中间价报6.9678，调升93个基点。前一交易日中间价报6.9771。 上证指数低开0.63%，深证成指低开0.6%，创业板指低开0.09%。科创综指低开0.39%。 盘面上，黄金、基本金属板块大跌，个股现跌停潮。半导体、光伏、AI应用题材走弱。 09:22 港股开盘丨恒生指数低开0.65% 恒生指数低开0.65%，恒生科技指数跌0.88%。紫金矿业、中国宏桥跌逾3%。科网股多数走低，快手、阿里巴巴跌幅靠前。 | મટા | 恒生指数 | NVW | 27785.98c | -182.11 | -0.65% | | --- | --- | --- | --- | --- | --- | | ...

Group 1 - The article emphasizes the importance of timely and professional information interpretation in investment decision-making, focusing on extracting investment value from significant events and analyzing industry chain companies [1] - The company has developed an AI application system that supports the development and implementation of AI models for enterprises, providing a range of AI intelligent entities for business scenarios [1] - The company is also involved in the production of PCB photoresists, which have seen both volume and price increases driving performance growth, while also exploring cutting-edge photovoltaic processes such as perovskite stacking [1]

"文科专业=与科技公司无缘？""不会编程，连科技公司的门槛都摸不到？" 很多文科生在求职时都会陷入这样的自我怀疑——看着科技公司招聘启事上的"数字化""技术导向"，再对照自己的专业背景，总觉得专业壁垒坚不可摧。但 事实恰恰相反：2025年大厂内容岗招聘中，63%的JD明确要求"有人文社科背景优先"，科技行业的发展早已告别"唯技术论"，反而急需兼具人文洞察与实用 技能的复合型人才。 文科生的文字表达、用户共情、跨领域沟通能力，正是科技公司不可或缺的"柔性支撑"——理工生负责造"壳"，文科生负责赋"魂"，而打破专业壁垒的关 键，从不是强行去学晦涩的编程，而是补齐"人机协同型AI应用能力"这1项硬技能。 这项技能之所以能成为文科生的"破局利器"，核心在于它无需编程基础、适配文科优势，还能精准命中科技公司的核心需求。如今AI已渗透至科技公司的运 营、市场、内容等各个非技术岗位，掌握AI应用能力，不是让你变成"技术人员"，而是让你用技术工具放大文科优势，实现"文科思维+AI效率"的双重赋 能，成为不可替代的复合型人才。 很多文科生对"AI技能"存在误解，认为它离不开代码和算法，但适合文科生的AI应用能力，重点在"应用" ...

| 指数名称 | 收盘点位 | 涨跌幅 | 涨跌 | 上证指数分时图 | | --- | --- | --- | --- | --- | | 上证指数 | 4157.98 | 0.16% | 6.75 | | | 深证成指 | 14300.08 | -0.30% | -42.82 | | | 沪深 300 | 4753.87 | 0.76% | 35.88 | | | 创业板 | 3304.51 | -0.57% | -19.05 | | | 科创 50 | 1507.64 | -3.03% | -47.16 | | | 北证 50 | 1536.00 | -1.69% | -26.45 | | 资料来源：东莞证券研究所，iFinD 数据 证券研究报告 2026 年 1 月 30 日 星期五 【A 股市场大势研判】 A 股延续窄幅震荡 市场表现： 板块排名： | 申万行业表现前五 | | | 申万行业表现后五 | 概 | 念板块表现前五 | 概念板块表现后五 | | | --- | --- | --- | --- | --- | --- | --- | --- | | 食品饮料 | 6.57% | 电子 | ...

各种炸裂的AI应用 在AI/半导体产业链，每天的信息都非常多，有时候会有些浑浑噩噩，尤其是最近出圈的AI应用一个 接着一个，当然我并没有fear of missing out，从半年前就爆火的manus到opencode、CoWork、Claud in Excel，再到最近的clawdbot，一个也没有用过，只是看网上各路大神们的演示。 网上已经有很多人把clawdbot当做chapgpt时刻了，但我看了网上很多人的演示，其实并没有达到自 己预期的炸裂效果。 比如让clawdbot做个PPT，前面调用api，再过gateway的地方就不讲了，只说如何做的PPT，clawdbot 是给python安装了一个ppt的库，然后用这个库来做的PPT。这就引发出一个问题，当前大多数软件 都是给人设计的，交互逻辑是人类通过视觉 UI（按钮、菜单）操作，而 AI 并不擅长"盯着屏幕找按 钮"。对于 AI 来说，传统的 .exe 或 .app 软件就像一个密不透风的黑盒。它看不见软件内部的逻辑结 构，只能通过人类留下的后门（如 API 或专门的编程库）来间接操作。 昨天微软和Meta的财报都陆续出来了，星球中也放了这两家公司 ...

Market Performance - The Shanghai Composite Index fell by 0.1% at midday, while the ChiNext Index decreased by 0.05% [1] - AI application themes rebounded, with short drama games and e-commerce leading the gains [1] - The non-ferrous metals sector continued its strong performance, with gold and copper showing significant increases [1] - Real estate, liquor, and agriculture sectors performed well [1] - Semiconductor, AI computing, robotics, and consumer electronics concept stocks experienced adjustments [1] ETF Movements - Two Brazilian ETFs continued to rise, with the Huaxia Fund Brazilian ETF increasing by 7.74% [1] - Gold prices reached a new historical high, with the Fidelity Fund Gold ETF, Bosera Gold ETF, and GF Fund Shanghai Gold ETF all rising by 5.15% [1] - AI applications rebounded, with the online consumption ETF from ICBC and GF Fund Media ETF increasing by 4.88% and 4.5%, respectively [1] - The semiconductor sector declined, with the semiconductor equipment ETFs from E Fund dropping by 2.8% [1] - The consumer electronics sector adjusted, with consumer electronics ETFs from E Fund falling by 2.15% [1]

Core Viewpoint - Tianyu Digital Technology (Dalian) Group Co., Ltd. is expected to significantly reduce its net profit loss in 2025, driven by improvements in its AI-driven core business [1] Financial Performance - The company anticipates a net profit loss of between 41 million to 59 million yuan in 2025, representing a year-on-year reduction in loss of 49.98% to 65.24% [1] - The overall loss is attributed to the prudent decision to provision for impairment on certain underperforming investments, but the core business has achieved profitability when excluding these impairment factors [1] Business Development - Tianyu Digital has established a multi-faceted business structure focusing on AI applications, including AI marketing, embodied intelligence, AI electricity sales, and AI cross-border e-commerce [1] - The company’s AI marketing SaaS platform offers automated services across the entire advertising chain, helping brands establish strong recognition in a reshaped traffic landscape [2] - In the embodied intelligence sector, the BehavisionPro platform utilizes an innovative "Assets—Behavior—Client" (ABC) framework to address industry challenges in perception, decision-making, and execution [2] Data and Innovation - The BehavisionPro platform has accumulated over 1.5 million 3D data points and 650,000 multimodal data points, creating a rich data ecosystem [2] - The 3D articulated dataset has been recognized as a typical case of high-quality data in Beijing, providing a foundation for precise recognition and complex action generation [2] Market Expansion - Tianyu Digital positions itself as an "intelligent carbon service provider" in the energy sector, innovating the "AI electricity sales" model [2] - The company aims to leverage its validated domestic AI marketing and e-commerce capabilities to connect with local resources overseas, accelerating the commercialization of its core AI SaaS business in international markets [2]

Market Overview - Major stock indices continued to show volatility, with the Shanghai Composite Index rising by 0.16% to 4157.98 points, while the Shenzhen Component fell by 0.3%, and the ChiNext Index decreased by 0.57% [1] - A-share trading volume reached 3.26 trillion yuan, an increase from 2.99 trillion yuan in the previous trading day, indicating further market activity [1] - Over 3,500 stocks declined, with sectors such as liquor, media, gold, and oil & gas showing gains, while the semiconductor industry experienced pullbacks [1] Gold and Silver Market - Gold and silver prices surged, with London gold nearing 5600 USD/oz and London silver briefly surpassing 120 USD/oz [4] - The Federal Reserve decided to maintain the benchmark interest rate at 3.5%-3.75%, which was in line with market expectations, but concerns about the Fed's independence and potential confusion over interest rate policies remain [4][13] - The three main pillars supporting gold prices are ongoing geopolitical conflicts, the de-dollarization process, and a global trend of central bank gold purchases [5][14] - Geopolitical tensions, such as the situation in Iran and the ongoing Russia-Ukraine conflict, are driving up gold's safe-haven premium [5] - Global gold reserves are projected to last until 2032 at current extraction rates, with some resource-rich countries tightening mineral export restrictions, enhancing gold's strategic value [5] - The demand for industrial gold is increasing due to AI and high-tech industries, while the solar industry is also boosting silver consumption, reinforcing the connection between gold and silver [5] AI Applications and Industry Impact - The AI application sector is experiencing significant activity, with advancements in domestic large models, such as Alibaba's Qwen3-Max-Thinking and DeepSeek's OCR2, showcasing improved reasoning capabilities [7][16] - AI is expected to drastically reduce production costs and time in the film and animation industry, with potential cost reductions of over 70% for traditional animation short films [17] - The commercial viability of AI applications is being demonstrated, with OpenAI projected to exceed 20 billion USD in revenue by 2025, and significant growth in API usage for Google's Gemini [17] - Major domestic companies are increasing investments in AI applications, with initiatives like Doubao becoming the exclusive AI interactive platform for the 2026 CCTV Spring Festival Gala, which is expected to enhance user penetration and brand recognition [9][18] - The acceleration of AI applications is likely to benefit downstream sectors such as film, gaming, and short video content creation, leading to a liberation of productivity [18]

Core Viewpoint - Tianyu Digital Technology (002354) anticipates a net profit loss of 41 million to 59 million yuan for 2025 due to asset impairment provisions related to underperforming subsidiaries, although its main business has achieved profitability [1] Group 1: Financial Performance - The company plans to recognize impairment losses on certain assets, leading to the projected net profit loss [1] - Excluding the impairment factors, the main business has already turned profitable [1] - The scale of losses is expected to significantly narrow compared to the previous year, indicating improving profitability and operational quality [1] Group 2: Strategic Focus - Tianyu Digital is committed to advancing its three strategic pillars: digitalization, intelligence, and globalization [1] - The positive shift in performance is primarily attributed to the company's deep focus on AI applications [1] Group 3: AI and Technology Development - The company has developed a comprehensive AI marketing ecosystem, including the Behavision spatial intelligence model, which has been officially registered for generative AI services [1] - Tianyu Digital has established a matrix of one general model and four vertical models, enhancing its capabilities in AI marketing, embodied intelligence, AI electricity sales, and AI cross-border e-commerce [1] Group 4: Industry Applications - In AI marketing, the company’s SaaS platform automates the entire service chain for various industries, including internet, beauty, and 3C [2] - The BehavisionPro platform addresses industry challenges with its innovative "Assets—Behavior—Client" (ABC) architecture, accumulating over 150,000 3D data points and 650,000 multimodal data points [2] Group 5: Global Expansion - In November 2025, Tianyu Digital formed a strategic partnership with Seahub in Malaysia to commercialize its AI marketing and e-commerce capabilities in overseas markets [3] - The company aims to integrate its technological capabilities with diverse industry scenarios, enhancing its complete ecosystem from technology foundation to business closure [3]

Group 1 - Starbucks China reported a revenue increase of 11%, reaching $823.4 million, marking five consecutive quarters of growth with a same-store sales increase of 7% [4][5] - The jewelry department of Pang Donglai has seen a significant increase in demand, with all 506 appointment slots for its five gold counters fully booked, leading to shortages of popular gold items [4][5] - The Jakarta Composite Index in Indonesia experienced a rapid decline of approximately 8%, triggering a market circuit breaker [6] Group 2 - The World Gold Council projected that global central banks will net purchase 230 tons of gold by Q4 2025, representing a 6% quarter-on-quarter increase [6] - The AI application sector has seen a significant surge, with over ten stocks hitting the daily limit up [6]