两融余额"三连增" 从资金流向来看，春节假期前受避险情绪驱动的杠杆资金正从防御板块撤离，逐步回到科技板块。 Choice数据显示，2月24日至26日，申万31个一级行业中有29个行业获融资净买入。其中，电子行业融 资净买入额居首，三日累计净买入155.04亿元。此外，有色金属、电力设备、计算机等行业融资净买入 额均超50亿元。综合、煤炭等行业遭融资资金减仓。 值得注意的是，在2月11日至2月13日（春节假期前的三个交易日），电力设备、电子、计算机等行业融 资资金大幅流出，电力设备行业三日累计净偿还94.19亿元，电子、计算机行业分别净偿还91.22亿元、 55.26亿元。 从个股来看，资金进攻方向更为清晰。Choice数据显示，近三个交易日，211只个股获融资净买入超1亿 元。融资净买入最多的个股是寒武纪，三日累计净买入13.95亿元。北方稀土、中际旭创、胜宏科技、 菲利华、华工科技、包钢股份等个股融资净买入居前，这些标的广泛分布于算力、半导体、光通信、稀 土永磁、军工等硬科技与高端制造领域。 杨超表示，当前杠杆资金锚定"新质生产力"主线。融资余额回升并非普涨，而是结构性聚焦于AI硬件 （半导体）、AI软件（ ...

wumiancaijing.com 最热的泛财经新闻，都在这儿了。 重要提醒！！！为防失联，请"星标"我们！进入无冕财经公众号，点击右上角"..."，再" "，以便您及时接收每篇推送~ 本文由无冕财经（wumiancaijing）整理发布 资讯整理：小冕 编辑：陈涧 设计：岚昇 魅族暂停国内手机新品研发 否认破产，将全面转型AI软件 2月27日，魅族科技发布公告，称将暂停国内手机新产品自研硬件项目，并在积极接洽第三方硬件合作伙伴，同时原有业务不受任何影响。 ▲魅族科技澄清传言。 公告同时称， 国内手机新产品的暂停并非告别，而是深思熟虑的战略选择，魅族公司将全面战略转型，在全新的AI时代，从过去以硬件为主导转向为以 AI驱动软件产品为主导的发展方向，并打造以Flyme开放生态系统为基座的良性运转的企业。 春节前后，有关魅族手机业务停摆、3月将退市的消息四处流传。消息还称，魅族旗下原本计划于今年发布的魅族23系列项目，已不再实质性推进。 传言四起之下，魅族在公告中称，对于网上关于魅族"破产重组，业务停摆，手机退市"等谣言和不实报道，将坚决追究造谣及传谣者的法律责任。 魅族暂停手机业务并不令人意外。 今年1月，星纪 ...

每经AI快讯，有投资者在投资者互动平台提问：董秘你好，前两天您通过互动易回复：公司的智加AI 软件与机床的数控系统并不冲突，那是不是可以理解为二者是互补关系？另外您说"智加"工业软件是一 台机床配置一套系统，如果是这样的话，这个AI软件的市场空间那就非常大吧？因为中国制造业规模 是全球第一，机床数量非常巨大，是全球最大的机床消费国与保有国，存量机床数量预计大几百万到上 千万台。请问智加AI软件多少钱一套？现在主要做存量机床市场还是新机床销售市场？ 华锐精密（688059.SH）2月11日在投资者互动平台表示，尊敬的投资者您好，感谢您对公司的关注。公 司"智加"工业软件可适配于存量机床和新机床。 （记者 曾健辉） ...

Group 1 - The China Securities Software Service Index fell by 1.31% on January 27, 2026, with mixed performance among constituent stocks, led by Hehe Information up 1.07%, and followed by Shenxinfu up 0.86% and Hengsheng Electronics up 0.84%, while Guanghuan Xinwang led the decline [1] - The release of the 2.0 version of the KOUZI tool on January 19 is seen as a significant enhancement in capabilities such as Agent Skills, Agent Plan, and Agent Coding, addressing key pain points of general AI tools being business-ignorant and customized tools being costly and time-consuming, thus facilitating the transition of AI applications in enterprises from pilot projects to large-scale penetration [1] - CITIC Construction Investment Securities noted that the Agent industry is accelerating its evolution from single intelligence to multi-agent systems (MAS), with products like Anthropic CoWork and MiniMax Agent 2.0 deeply integrating local development and office workflows, upgrading AI roles from conversational assistants to digital employees with long-term planning and autonomous execution capabilities [1] Group 2 - As of December 31, 2025, the top ten weighted stocks in the China Securities Software Service Index include iFLYTEK, Kingsoft Office, Tonghuashun, Zhinancun, Hengsheng Electronics, Tuo Wei Information, Runhe Software, 360, Softcom Power, and Shenxinfu, collectively accounting for 60.89% of the index [2] - The Software ETF (159852) tracks the China Securities Software Service Index, serving as a convenient tool for capitalizing on opportunities in the computer software industry [2] - Investors can also access AI software investment opportunities through the Software ETF linked fund (012620) [2]

Investment Rating - The report maintains a "Buy" rating for the company [4] Core Views - The company is expected to achieve a net profit attributable to shareholders of between 180 million to 200 million yuan in 2025, representing a year-on-year growth of 68.29% to 86.99% [1] - The growth in 2025 is attributed to improved downstream demand, enhanced product performance, price increases due to rising raw material costs, and effective cost control measures [1] - The company is expanding into emerging fields such as humanoid robotics and AI software, which are expected to drive future growth [2][3] Financial Performance - The company forecasts a net profit of approximately 190 million yuan in 2025, with expected growth rates of 78%, 29%, and 34% for the years 2025, 2026, and 2027 respectively [4] - Revenue is projected to increase from 759 million yuan in 2024 to 1.005 billion yuan in 2025, reflecting a growth rate of 32% [6] - The company's earnings per share (EPS) is expected to rise from 1.09 yuan in 2024 to 1.93 yuan in 2025 [6] Market Expansion - The company is actively pursuing overseas market expansion, with revenue from international markets reaching approximately 27.8 million yuan in the first half of 2025, a year-on-year increase of about 20.62% [2] - The domestic tool market has a potential replacement space of approximately 7 billion yuan, with hard alloy blades accounting for about 3 billion yuan, indicating significant growth opportunities for the company [3]

Investment Rating - The investment rating for the company is "Buy" [4] Core Insights - The company, Huarui Precision, is expected to achieve a net profit attributable to shareholders of 180 million to 200 million yuan in 2025, representing a year-on-year growth of 68.29% to 86.99% [1] - The growth in 2025 is driven by improved downstream demand, enhanced product performance, price increases due to rising raw material costs, and effective cost control measures [1] - The company is expanding into emerging fields such as humanoid robotics and AI software, which are expected to drive future growth [2][3] - The company is also focusing on overseas market expansion, with revenue from international markets reaching approximately 27.8 million yuan in the first half of 2025, a year-on-year increase of about 20.62% [2] Financial Summary - The projected revenues for 2025, 2026, and 2027 are 1.005 billion, 1.256 billion, and 1.492 billion yuan, respectively, with year-on-year growth rates of 32%, 25%, and 19% [6] - The net profit attributable to shareholders is forecasted to be 190 million, 246 million, and 329 million yuan for 2025, 2026, and 2027, reflecting growth rates of 78%, 29%, and 34% [6] - The company’s P/E ratios are projected to be 49, 38, and 29 for the years 2025, 2026, and 2027 [6]

Investment Rating - The report assigns a "Buy-A" rating to the company with a 6-month target price of 126.87 CNY, corresponding to a 40x PE for 2026 [2][3]. Core Insights - The company is expected to achieve a net profit of 180-200 million CNY in 2025, representing a year-on-year increase of 68.29%-86.99% [1]. - The anticipated revenue for 2025-2027 is projected to be 1.05 billion, 1.26 billion, and 1.45 billion CNY, with year-on-year growth rates of 38.3%, 20.0%, and 14.7% respectively [2]. - The company is actively exploring new opportunities in AI software, enhancing its product offerings and operational efficiency [1]. Financial Performance Summary - The company's revenue for 2025 is estimated at 1,050 million CNY, with a net profit of 188 million CNY, reflecting a net profit margin of 17.9% [3][6]. - The projected net profit for 2026 is 302 million CNY, with a net profit margin increasing to 24.0% [3][6]. - The earnings per share (EPS) for 2025 is expected to be 1.98 CNY, increasing to 3.17 CNY in 2026 [3][6]. Market Position and Strategy - The company is positioned as a leading domestic player in the tool manufacturing sector, likely to see an increase in market share and profitability as manufacturing demand stabilizes [2]. - The introduction of the "HuaRui Smart Plus" industrial software is expected to enhance processing efficiency by 5-30%, thereby optimizing management costs and extending tool lifespan [1].

亚马逊去年10月已裁减约1.4万名白领员工，约占裁员3万人目标的一半。知情人士称，第二轮裁员规模 预计与去年相近，最早可能于下周二开始。 亚马逊将去年10月的裁员与AI软件的兴起联系起来，该公司在一封内部信中表示："这一代AI是我们自 互联网以来所见过的最具变革性的技术，它使得公司能够以比以往快得多的速度进行创新。" 截至发稿，亚马逊不予置评。(作者/箫雨) 凤凰网科技讯北京时间1月23日，据路透社报道，两位知情人士透露，作为整体削减约3万名企业职能部 门员工目标的一部分，亚马逊计划于下周启动第二轮裁员。 亚马逊 据知情人士透露，此轮裁员将影响亚马逊云计算服务AWS、零售、Prime Video以及人力资源部门(即"人 员体验与技术团队")的工作岗位，不过影响的具体范围尚不明确。知情人士提醒称，亚马逊的计划细节 仍可能存在变动。 ...

Group 1: AI Hardware Market - The recent performance of AI hardware is not strong, but the US stock market's hardware sector showed some resilience [1] - The memory shortage is exaggerated; a report from Macquarie suggests that the new DRAM capacity in the next two years can only support about 15GW of AI data center construction, which may delay global AI expansion plans [3] - A different perspective from a memory industry expert indicates that the capacity could support 20GW and 33GW this year and next year, respectively [5] - The global data center installation capacity is projected to reach 17.4GW by 2025, with an expected increase to 30.2GW this year [5] - Due to memory constraints, the growth of AI data centers (AIDC) will not be as rapid as anticipated, contributing to the recent decline in hardware market sentiment [7] Group 2: AI Software and Applications - The AI software and application market is exceeding many expectations, with a positive outlook for AI applications this year [8] - The government is intensifying support for AI policies, with initiatives in various sectors like healthcare, education, and manufacturing, aiming for quantifiable goals by 2026 [9] - Major tech companies are competing for AI traffic entry points and ecosystem development, with strategies focusing on both consumer (C-end) and business (B-end) markets [10][11] - For the C-end, companies are enhancing user engagement and monetization capabilities, while for the B-end, they are driving cloud revenue through developer ecosystems [12] - The competition has extended to physical scenarios, with companies like Waymo and Tesla accelerating their efforts in ROBOTAXI [13] - Key technological advancements in AI models are expected to focus on world models, native multimodality, and self-evolving agents, with significant breakthroughs anticipated by 2026 [14][15] - The core competitiveness of AI application companies lies in their ability to integrate technology quickly and effectively into specific scenarios, achieving commercial viability [15]

Market Overview - A-shares showed mixed performance today, with the Shanghai Composite Index experiencing a slight decline of 0.07%, closing at 4082.98 points, while the Shenzhen Component and ChiNext Index fell by 0.51% and 0.82%, respectively [3][5] - The total trading volume in the Shanghai and Shenzhen markets reached 28,265 billion, a decrease of 552 billion compared to the previous day [5] Index Performance - The Shanghai Composite Index recorded a "15 consecutive days of gains" but did not turn positive today, closing slightly down [4][5] - Despite the decline in major indices, small-cap stocks showed resilience, with the small-cap index rising by 2% and the CSI 2000 Index closing up approximately 1.3% [5][6] Sector Analysis - The financial sector, particularly the securities and insurance segments, faced significant selling pressure, with notable declines in major stocks like CITIC Securities and China Ping An, which saw drops of over 3% and 5%, respectively [5][6] - The military industry sector outperformed, driven by speculation related to increased U.S. defense budgets, with aerospace stocks experiencing notable gains [6] - AI software and renewable energy sectors also showed strong performance, indicating ongoing investor interest in these areas [6] Investor Sentiment - The median stock gain today was 0.75%, reflecting stable market sentiment and continued interest in small and mid-cap stocks [6] - Despite the pressure on large-cap stocks, overall market enthusiasm remains, suggesting a potential for a mixed trading environment in the near term [6][7] Hong Kong Market Impact - The Hang Seng Index fell by 1.17%, and the Hang Seng Tech Index dropped by 1.07%, indicating a broader market correction [7] - While A-shares may not be immediately affected by Hong Kong's performance, long-term correlations between the two markets warrant ongoing observation [7]