景广军介绍，"十五五"期间，广州工控集团将再建10个以上特色产业园区，服务广州重点产业聚链成 群；在两业融合新机遇下，构建"现代商贸+智能制造+物流仓储+跨国运营"的制造业平台经济新范式， 打造粤港澳大湾区千亿级工业供应链集成服务平台。 同时，加快产业链、创新链、资本链、人才链深度融合，培育国家级具身智能装备创新中心，加强与国 创中心和国转中心的产学研合作，联合各社会资本，重点投资集成电路、具身智能、工业软件、商业航 天等方向，新培育专精特新企业和高新技术企业各100家。围绕集团主业，投资控股上市公司达到15 家。此外，还将谋划设立集团欧洲总部和东南亚产业园，提升集团品牌海外运营能力。"十五五"末海外 营收翻番至550亿元。 文/广州日报新花城记者：赵方圆 （文章来源：广州日报） 2月25日，2026年广州市高质量发展大会召开，这是广州连续四年农历新年后召开的"新春第一会"。广 州工控集团党委书记、董事长景广军在会上表示，面向"十五五"，广州工控集团将锚定"世界一流先进 制造产业生态跨国运营商"目标，努力以"三个千亿""四个翻番"再造一个新工控，为再造一个新广州作 出新的更大贡献。 据悉，2025年，广州工控 ...

Core Viewpoint - China Smart Technology (01796) has entered into a subscription agreement to issue 16.7 million shares at a subscription price of HKD 3.0 per share, representing a discount of approximately 2.6% compared to the closing price of HKD 3.08 on the date of the agreement [1] Group 1 - The total amount raised from the subscription is approximately HKD 50.1 million, with a net amount of about HKD 50 million intended for business cooperation with Guangzhou Xinglun Security Industrial Co., Ltd. in the fields of industrial IoT, industrial software, and smart manufacturing, and/or general working capital [1] - The total number of subscription shares will represent about 3.5% of the company's existing issued share capital and approximately 3.4% of the enlarged issued share capital after the issuance of the subscription shares, assuming no changes in the issued share capital from the date of the announcement to the completion date [1] - The subscription shares will be issued under general authorization [1]

Group 1 - The company announced a strategic cooperation memorandum with Guangzhou Xinglun Security Industrial Co., Ltd. [1] - A new non-wholly owned subsidiary, Xinglun Smart Technology (Shenzhen) Co., Ltd., has been established under the group, with the company and Guangzhou Xinglun holding 51% and 49% stakes respectively [1] - As of the announcement date, Xinglun Smart Technology has not commenced operations, and the company is actively negotiating with Guangzhou Xinglun regarding cooperation models, directions, and other related matters [1] Group 2 - Mr. Wang Kai has been appointed as the CEO of Xinglun Smart Technology, effective from February 13, 2026 [1]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不 負 責，對 其 準 確 性 或 完 整 性 亦 不 發 表 任 何 聲 明，並 明 確 表 示 概 不 就 因 本 公 告 全 部 或 任 何 部 份 內 容 而 產 生 或 因 倚 賴 該 等 內 容 而 引 致 之 任 何 損 失 承 擔 任 何 責 任。 本 公 司 將 根 據 上 市 規 則 就 戰 略 合 作 備 忘 錄 項 下 項 目 的 發 展 情 況 適 時 再 作 公 佈。 – 1 – Metaspacex Limited 中國數智科技集團有限公司 （於開曼群島註冊成立的有限公司） （股份代號︰1796） 自願性公告 業務最新情況 本 公 司 謹 此 發 表 自 願 性 公 告，向 本 公 司 股 東 及 有 意 投 資 者 提 供 有 關 本 集 團 最 新 業 務 發 展 的 最 新 情 況。 茲 提 述 中 國 數 智 科 技 集 團 有 限 公 司（「本公司」，連 同 其 附 屬 公 司 統 稱「本集團」） 日 期 為 二 零 二 五 年 十 二 月 十 七 日 之 公 告（「該公告」），內 容 有 關 本 公 司 ...

Group 1: AI Model Developments - ByteDance's Dream AI launched the Seedance 2.0 video generation model, enhancing narrative capabilities and achieving film industry standards with features like multi-angle storytelling and precise audio-visual synchronization [1] - MiniMax introduced the MiniMax M2.5 programming model, designed for agent scenarios, competing with top international models and excelling in productivity applications like Excel and PPT [1] Group 2: Policy and Industry Trends - Guangdong Province's implementation plan aims to accelerate the application of digital technologies and support AI service providers, particularly in industrial software and robotics [2] - The Ministry of Industry and Information Technology's action plan emphasizes the integration of AI with industrial internet platforms, promoting self-decision-making and execution capabilities in industrial scenarios [2] - Guotai Junan noted that the large model industry is transitioning from "technical exploration" to "commercial validation," with a focus on task execution efficiency and commercial viability [2] Group 3: Market Performance and Investment Opportunities - Domestic leading companies are expected to accelerate their investments in industrial AI models, driving innovation in industrial software and contributing to new industrialization [3] - As of February 12, 2026, the Guozheng Industrial Software Theme Index rose by 2.99%, with significant gains in component stocks like Hongjing Technology and Robotec [3] - The Industrial Software ETF closely tracks the Guozheng Industrial Software Theme Index, which is linked to the intelligent manufacturing and AI infrastructure upgrade [3]

Core Insights - The policy aims to encourage independent research and development in key technologies, particularly in industrial internet, industrial software, and cybersecurity, by providing financial support to qualifying projects [1][4]. Policy Focus - The policy targets three main technology areas with seven specific directions: 1. **Key Technologies in Industrial Internet Platforms**: - Industrial intelligent algorithms, knowledge graphs, mechanism models, and microservice components [2]. 2. **Key Technologies in Industrial Software**: - Computer-aided design (CAX), electronic design automation (EDA), and product lifecycle management (PLM) [2]. 3. **New Network and Security Technologies**: - Software-defined networking (SDN), network virtualization, and core security systems [2]. Subsidy Details - The subsidy is set at 30% of the total funding received from national or municipal support, with a maximum limit of 9 million yuan per project [3]. Policy Implications - The policy emphasizes continuous technological iteration rather than one-time development, highlighting the importance of ongoing R&D capabilities [4]. - It stresses the need for practical applications of innovations, indicating that theoretical results without industrial validation will not receive support [4]. - Cybersecurity is treated as a distinct area, reflecting the growing importance of compliance and safety in smart manufacturing [4]. Application Strategy for Enterprises - Companies are advised to clearly define their technical challenges, industrialization paths, and funding usage in their project proposals [5][6]. - Prioritizing applications for national or municipal key project status is recommended to enhance eligibility for subsidies [6]. - Forming joint applications with technology and application partners is encouraged to address verification challenges [7]. - Attention to intellectual property rights is crucial, with a need to clarify core technology patents and software copyrights in proposals [8].

Market Overview - The Hong Kong stock market experienced fluctuations, with the Hang Seng Index closing at 23,831 points, down 145 points or 0.61% [1] - The market turnover decreased to 82.799 billion HKD, with net inflows of 484 million HKD recorded in the Hong Kong Stock Connect [1] - The US stock market showed mixed results, with the Dow Jones rising 0.1% to a new closing high, while the S&P 500 and Nasdaq fell by 0.33% and 0.59% respectively [2] Sector Performance - In the Hong Kong market, local real estate, software, and 5G sectors saw significant declines, while gold stocks performed well [1] - Biotechnology and cultural media sectors were active, with the Hang Seng Index rising 0.58% and the Hang Seng Technology Index increasing by 0.62% [1] - Notable stock performances included a 5.5% increase for CSPC Pharmaceutical Group and a 15.4% rise for China Literature [1] Investment Opportunities - The report emphasizes the importance of "technological self-reliance" and AI applications as key themes for future growth in the Hong Kong market, suggesting that leading companies in these sectors may benefit from long-term development opportunities [3] - The report recommends focusing on sectors supported by policies aimed at expanding domestic consumption, such as sports apparel and non-essential services [3] - It highlights the value of investing in state-owned enterprises with relatively low valuations and high dividends across various industries [3] Company Highlights - ByteDance's subsidiary Doubao launched a New Year campaign, distributing red envelopes and promoting AI applications, which may boost demand for upstream GPU and AI chips [9] - Innovent Biologics announced a strategic partnership with Eli Lilly, with a total transaction value of up to 8.85 billion USD, indicating strong market confidence in China's innovative drug pipeline [9] - The report suggests monitoring leading companies in the domestic semiconductor foundry industry, such as Hua Hong Semiconductor and SMIC, as they are expected to benefit from favorable policies [9]

Group 1 - The core viewpoint of the news is that Longsoft Technology has experienced fluctuations in its stock price and financial performance, indicating potential investment opportunities and challenges [1][2]. - As of February 9, Longsoft Technology's stock price increased by 2.06% to 29.29 CNY per share, with a total market capitalization of 2.135 billion CNY [1]. - The company has seen a year-to-date stock price increase of 6.51%, but a decline of 3.62% over the past 20 days and 3.52% over the past 60 days [1]. Group 2 - Longsoft Technology reported a revenue of 122 million CNY for the first nine months of 2025, a decrease of 43.10% year-on-year, and a net profit loss of 12.79 million CNY, down 126.08% year-on-year [2]. - The company has a diverse revenue structure, with 68.44% from customized software products, 27.48% from technical services, and minor contributions from hardware and rental income [1]. - Since its A-share listing, Longsoft Technology has distributed a total of 109 million CNY in dividends, with 60.13 million CNY distributed over the past three years [3].

Group 1 - The China Securities Information Technology Application Innovation Industry Index (931247) decreased by 1.43% as of February 5, 2026, with mixed performance among constituent stocks [1] - The top-performing stocks included Borui Data, which rose by 7.64%, and Geer Software, which increased by 4.71%, while the worst performers were Fanwei Network, down 4.38%, and Yuntian Lifeng, down 3.87% [1] - The Xinchuang ETF (562570) fell by 1.74%, with a latest price of 1.47 yuan, and experienced a turnover of 5.65% during the trading session, totaling 25.6451 million yuan [1] Group 2 - The Xinchuang ETF saw a significant increase in scale, growing by 607.49 million yuan over the past week, leading its peers [1] - Over the last three days, the Xinchuang ETF attracted continuous net inflows, with a peak single-day net inflow of 30.009 million yuan, totaling 37.579 million yuan, averaging 12.5263 million yuan per day [1] - Guandong Province's implementation opinion on accelerating the high-quality construction of the digital society emphasizes the growth of new business formats in digital technology applications, particularly in AI and industrial software [1] Group 3 - Guohai Securities anticipates that with ongoing policy support, leading domestic companies will accelerate their layout in industrial large models and intelligent systems, driving innovation in industrial software [2] - The Xinchuang ETF closely tracks the China Xinchuang Index, focusing on domestic full-stack substitution across key areas such as storage, CPU, and AIPC, while integrating DeepSeek and AI applications [2] - The Xinchuang ETF is currently the largest ETF in its category, benefiting from strong policy certainty [2]

Core Viewpoint - Open source is not only a crucial engine for technological evolution but also involves deeper issues related to national science and technology strategy, industrial security, and talent cultivation [1][27]. Group 1: Open Source in National Research Projects - The state is actively organizing ecological major research projects, but projects led by enterprises have shown drawbacks such as excluding competitors and increasing ecological fragmentation [3][29]. - A new path is proposed to organize ecological national major research projects using an open-source model, which emphasizes broad consensus, resource aggregation, and continuous co-construction and sharing [3][29]. Group 2: New Computing Paradigms - The emergence of new computing paradigms occurs approximately every 10 to 15 years, leading to technological innovations and the formation of new industries [5][31]. - The AI era is expected to generate millions of intelligent applications, creating new demands for AI computing chips, with the open RISC-V instruction set offering customizable advantages [5][31]. Group 3: Industrial Software Innovation - Industrial software, which is essential for enhancing R&D, manufacturing, and operational management in industries, faces challenges due to high technical barriers and long development cycles [7][33]. - Open source collaboration is identified as a significant strategy to upgrade the technological innovation management system of industrial software companies [7][34]. Group 4: Open Source Contribution Recognition - The current research evaluation system undervalues contributions in open source, leading to a disconnect between open source contributions and academic recognition [10][36]. - A new academic currency based on code contribution metrics is proposed to bridge the gap between open source contributions and research performance [10][36]. Group 5: Open Source and Closed Source Dynamics - Open source has become a key strategy in the global competition for AI, serving as a digital public good that facilitates the allocation of global innovation resources [12][38]. - A dynamic strategy is recommended, embracing open source in foundational technology areas while balancing security and development in critical core technologies [12][39]. Group 6: Open Source Governance in AI - The rise of open source models in China faces uncertainties in global innovation, necessitating a governance mechanism that adapts to the unique characteristics of AI [15][41]. - Establishing a global AI open-source foundation is deemed essential to promote collaborative AI development and ensure safe and neutral governance [15][41]. Group 7: Open Source in Education - Open source innovation injects continuous momentum into science education, aligning with educational goals and facilitating collaborative course development [25][51]. - Science education can provide talent and intellectual support for open source innovation, fostering developers and contributors with both technical skills and open source philosophy [25][51]. Group 8: Digital Sovereignty and Open Source - Open source in AI is increasingly viewed as a tool embedded in national power and institutional competition, raising concerns about digital sovereignty [22][48]. - A need arises to incorporate AI open source into the governance of digital sovereignty, defining the boundaries of "openness" and "control" [22][48].