国家知识产权局信息显示，联想（北京）有限公司申请一项名为"一种信息处理方法和电子设备"的专 利，公开号CN121503513A，申请日期为2025年9月。 专利摘要显示，本公开提供了一种信息处理方法和电子设备，涉及计算机技术领域。一种信息处理方 法，包括：接收基于目标对象的受损标签得到的残缺编码信息；受损标签中的部分特征缺失；基于残缺 编码信息的物理信号特征和逻辑校验特征，构建残缺编码信息的双域特征向量；基于残缺编码信息中的 目标位置对应的位置嵌入向量与双域特征向量，确定残缺编码信息的增强特征向量；增强特征向量表征 受损标签在至少一个维度的特征信息；基于校验矩阵和构造规则，构造注意力掩码；基于注意力掩码和 信息处理模型，对增强特征向量进行识别，得到目标对象对应的完整编码信息。 天眼查资料显示，联想（北京）有限公司，成立于1992年，位于北京市，是一家以从事计算机、通信和 其他电子设备制造业为主的企业。企业注册资本565000万港元。通过天眼查大数据分析，联想（北京） 有限公司共对外投资了108家企业，参与招投标项目5000次，财产线索方面有商标信息1741条，专利信 息5000条，此外企业还拥有行政许可238 ...

【东财策略】每日复盘20260209 一、市场概况 2月9日A股震荡上行，三大指数集体走强。 截至收盘，沪指涨1.41%收报4123点，深证成指涨2.17%，创业板指涨2.98%；两市成交额2.25万亿，较前一交易日 放量逾1000亿。 全天上涨4612家，下跌759家。 二、行业表现 分行业看，申万一级行业全部实现上涨，其中涨幅前五位是通信（+5.1 3）马斯克称SpaceX已将重点转移到在月球上建造一座"自我扩张的城市"，他预计这可以在10年内实现，而火星则 需要20多年。 四、后市展望和思考 二、行业表现 分行业看，申万一级行业全部实现上涨，其中涨幅前五位是通信（+5.17%）、综合（+4.70%）、传媒 （+3.50%）、电子（+2.97%）、计算机（+2.88%）；石油石化（+0.21%）、银行（+0.36%）、食品饮料 （+0.37%）、农林牧渔（+0.42%）、家用电器（+0.47%）等涨幅相对靠后。 分主题看，CPO概念强势上行，商业航天、可控核聚变高位整理，人形机器人震荡走强，固态电池温和反弹。 三、市场要闻 1）字节跳动在即梦平台上线Seedance2.0视频生成模型，其具备多模态参考、生 ...

Macro and Strategy Research - The Federal Reserve maintained the target range for the federal funds rate at 3.50% to 3.75%, aligning with market expectations. This decision reflects a belief that the labor market may be stabilizing, despite low job additions, and current inflation remains slightly above the 2% target due to tariffs [2][3] - In the past five trading days (January 23 to January 29), major indices showed mixed performance, with the Shanghai Composite Index rising by 0.86% and the ChiNext Index falling by 0.73%. The average daily trading volume increased to 3.08 trillion yuan, up by 323.69 billion yuan compared to the previous five-day average [2][3] - The market is expected to continue its consolidation phase, with structural opportunities being the focus. Key sectors to watch include TMT (Technology, Media, and Telecommunications) due to ongoing capital expansion in AI, and the non-ferrous metals sector supported by supply-demand gaps [3] Industry Research - The AI application landscape is evolving, highlighted by the overseas AI assistant Clawdbot gaining attention for its capabilities, including local deployment and interaction through popular messaging apps. This indicates a potential acceleration in the commercialization of AI applications [4][5] - Recent developments in the AI sector include Tencent's push into AI social networking with a new feature distributing 1 billion red envelopes during the Spring Festival, and the first successful deployment of a large model in space [5][6] - The domestic cloud computing sector is expected to see a rebound in capital expenditure as supply constraints ease, and the introduction of new AI models is anticipated to drive further technological advancements [6]

Investment Rating - The report assigns an "Overweight" rating to the computer industry [4] Core Insights - Shanghai's "14th Five-Year Plan" emphasizes the development of AI and outlines a modern industrial system to enhance core competitiveness, focusing on the digitalization and green transformation of traditional industries, and accelerating the growth of three leading industries: integrated circuits, biomedicine, and artificial intelligence [4] - The institutional holding in the computer sector for Q4 2025 is at 2.1%, down 1.1 percentage points from the previous quarter, indicating significant room for increased allocation [2][4] - The humanoid robot industry is experiencing key advancements in mass production and commercialization, with Yuzhu Technology reporting over 5,500 units shipped in 2025 and Tesla's Optimus robot expected to be available for sale by the end of 2026 [4] Summary by Sections Industry Overview - The report highlights the establishment of a multi-layered industrial structure aimed at achieving gradient development through traditional upgrades, leading breakthroughs, cluster development, and future cultivation [4] - The focus is on building systemic advantages in information processing infrastructure, algorithms, and applications [4] Institutional Holdings - Historical analysis shows that institutional holdings in the computer sector have fluctuated, with a peak of 6.2% in Q4 2022, followed by a decline to 2.1% in Q4 2025, which is one of the lowest levels in the past decade [4] Recommended Stocks - The report recommends several stocks for investment, including: - Nichicon Technology - Kingsoft Office - Hehe Information - Hikvision - Newland - Daotong Technology - Haiguang Information - Zhongke Shuguang [4][5]

Investment Rating - The report assigns an "Overweight" rating to the computer industry [5][13]. Core Insights - As of Q4 2025, institutional holdings in the computer sector have decreased to 2.1%, down 1.1 percentage points from Q3, marking a historical low. This level is only slightly above the 2.0% recorded in Q2 2022. There is significant potential for increase as the current holdings are far below the highs of over 6% seen in 2020 and 2023, and well below the 12% level in 2015 [3][5][7]. - The report highlights that institutions are increasing their positions in sub-sectors such as AI applications and commercial aerospace, while still heavily invested in large models, intelligent computing, and domestic innovation [5][7]. - The top ten companies by number of institutional holders in Q4 2025 include Kingsoft Office, Southern Power Digital, iFlytek, Inspur Information, and others. In terms of market value, Kingsoft Office leads with 139 billion, followed by iFlytek with 108 billion [7][8]. Summary by Sections - **Institutional Holdings Analysis**: The report details that institutional holdings in the computer industry have fluctuated significantly over the past five years, with a notable rise to 6.2% in late 2022, followed by a decline to 2.1% in Q4 2024. The report emphasizes the potential for recovery given the historical context [5][6][7]. - **Sector Performance**: The report indicates that the computer sector is currently underweight, with a significant gap from previous highs, suggesting a favorable environment for future investment [5][6]. - **Key Companies**: The report lists the top ten companies by institutional holdings, noting changes in the composition of these holdings compared to Q3 2025, with new entries and exits among the top firms [7][8].

Group 1 - BOE Technology Group Co., Ltd. has obtained a patent for a "computer vision-based group identification method and device," with authorization announcement number CN116597382B, applied on May 2023 [1] - BOE Technology Group, established in 1993 and located in Beijing, primarily engages in the manufacturing of computers, communications, and other electronic devices, with a registered capital of 37,413.880464 million RMB [1] - The company has invested in 73 enterprises, participated in 303 bidding projects, and holds 775 trademark records and 5,000 patent records, along with 47 administrative licenses [1] Group 2 - Beijing BOE Technology Development Co., Ltd., established in 2016 and also located in Beijing, focuses on the manufacturing of computers, communications, and other electronic devices, with a registered capital of 38 million RMB [1] - This subsidiary has invested in 1 enterprise, participated in 92 bidding projects, and holds 3,871 patent records, along with 4 administrative licenses [1]

Macro and Strategy Research - The market is expected to continue its oscillation and consolidation, with a focus on expanding domestic demand and addressing internal competition issues. The A-share market shows mixed performance, with the Shanghai Composite Index rising by 0.24% and the ChiNext Index falling by 1.17% over the past five trading days [2][3] - Fixed asset investment in December 2025 decreased by 3.8% year-on-year, indicating a weakening trend in investment. Meanwhile, retail sales growth also slowed down due to policy withdrawal and high base effects. Overall, the economic growth rate for 2025 is expected to show a pattern of high first and low second half, with a successful completion of the annual target [2][3] - The government is focusing on strengthening domestic circulation and addressing supply-demand imbalances. A new strategy for expanding domestic demand from 2026 to 2030 is being developed, alongside measures to improve capacity exit mechanisms and control "involution" competition [3] Industry Research - The computer industry is experiencing a downturn, with the sector declining by 7.27% from January 15 to January 21. Most sub-sectors within the computer industry also saw declines, with IT services dropping by 9.54% [6] - The Ministry of Industry and Information Technology is accelerating breakthroughs in key technologies such as training chips and heterogeneous computing power, which is expected to speed up the development of the domestic computing power industry. Domestic cloud computing companies are anticipated to see a rebound in capital expenditure [6][8] - AI applications are expanding, with Alibaba's Qianwen App integrating various services within its ecosystem, indicating a strong potential for AI commercial applications. The report suggests focusing on leading companies that demonstrate strong capabilities in AI technology implementation and scene adaptation [6][8]

Investment Rating - The report maintains a "Neutral" rating for the computer industry and an "Accumulate" rating for Hongsoft Technology (688088) [2][29] Core Insights - The Ministry of Industry and Information Technology (MIIT) is accelerating breakthroughs in key technologies such as training chips and heterogeneous computing power, which is expected to further speed up the development of the domestic computing power industry [13][28] - The AI application ecosystem is deepening, with significant developments such as the integration of Alibaba's Qianwen App into its ecosystem, enabling AI shopping functionalities [14][28] - The report highlights the growth potential of AI applications driven by rapid technological implementation and the release of market demand, suggesting a focus on leading companies with strong AI technology capabilities and scene adaptability [28][29] Industry News - MIIT has announced a special action plan for "Artificial Intelligence + Manufacturing," aiming to promote high-quality development in the AI industry [13] - The GLM Coding Plan by Zhiyuan has announced a temporary sales limit due to a surge in user numbers, indicating a tight supply of computing resources [14] - Alibaba's Qianwen App has integrated with various services, achieving over 100 million monthly active users within two months [14][15] Company Announcements - Hikvision reported a total revenue of 92.518 billion yuan for 2025, with a net profit of 14.188 billion yuan, reflecting a year-on-year growth of 18.46% [17] - Tonghuashun expects a net profit of 2.735 billion to 3.282 billion yuan for 2025, representing a growth of 50% to 80% [18] - Longxin Technology anticipates a net profit of 100 million to 150 million yuan for 2025, with a significant increase due to improvements in its energy digitalization business [20] Market Review - From January 15 to January 21, the CSI 300 index fell by 0.40%, while the Shenwan Computer Industry index dropped by 7.27%, with most sub-sectors experiencing declines [21] - The valuation of the Shenwan Computer Industry as of January 21, 2026, was 223.77 times earnings, with a premium of 1550.55% relative to the CSI 300 [22] Weekly Strategy - The report emphasizes the ongoing high demand for computing power and the expected acceleration in the domestic cloud computing capital expenditure, driven by easing supply constraints [28] - The anticipated launch of the DeepSeek V4 model during the Lunar New Year is expected to drive a new round of technological iteration in domestic large models [28] - The report suggests a focus on leading companies in the AI application sector that demonstrate strong capabilities in technology implementation and scene adaptability [29]

Market Performance - The Shanghai Composite Index closed at 4126.09, down by 0.31% with a decrease of 12.67 points [2] - The Shenzhen Component Index closed at 14248.60, up by 0.56% with an increase of 79.20 points [2] - The CSI 300 Index closed at 4741.93, down by 0.40% with a decrease of 19.10 points [2] - The ChiNext Index closed at 3349.14, up by 0.82% with an increase of 27.25 points [2] - The STAR 50 Index closed at 1500.91, up by 2.13% with an increase of 31.34 points [2] - The Beijing Stock Exchange 50 Index closed at 1580.87, up by 0.98% with an increase of 15.29 points [2] Sector Performance - The top-performing sectors included Computer (3.42%), Comprehensive (2.90%), Communication (1.91%), Media (1.55%), and Electronics (1.36%) [3] - The underperforming sectors included Banking (-1.88%), Real Estate (-1.18%), Non-Bank Financials (-0.84%), Transportation (-0.76%), and Food & Beverage (-0.73%) [3] - Concept sectors showing strong performance included Xiaohongshu Concept (5.38%), Pinduoduo Concept (5.29%), Kuaishou Concept (5.04%), Sora Concept (4.77%), and MLOps Concept (4.62%) [3] - Concept sectors with poor performance included Characteristic Towns (-1.00%), Titanium Dioxide Concept (-0.98%), Duty-Free Shops (-0.79%), PEEK Materials (-0.78%), and Domestic Aircraft Carriers (-0.74%) [3] Future Outlook - The market experienced a high-low fluctuation with the Shanghai Composite Index briefly exceeding 4200 points before declining [4] - The increase in financing margin ratio to 100% aims to reduce leverage and protect investor rights, promoting long-term market stability [5] - Historical adjustments of financing margin ratios indicate a counter-cyclical characteristic, with the current adjustment intended to correct rapid leverage growth [6] - The A-share market has shown strong performance since the beginning of the year, with daily trading volumes exceeding 3 trillion yuan for four consecutive days [6] - Suggested sectors for investment include Oil & Petrochemicals, Construction & Decoration, Non-ferrous Metals, TMT (Technology, Media, and Telecommunications), and Coal [6]

Market Performance - On January 12, 2026, the market showed strong fluctuations throughout the day, with all three major indices rising over 1%. The total trading volume in the Shanghai and Shenzhen markets exceeded 3.64 trillion yuan, setting a historical record [1] - By the end of the trading day, the Shanghai Composite Index rose by 1.09%, the Shenzhen Component Index increased by 1.75%, and the ChiNext Index gained 1.82%. AI applications saw significant gains, with the media index rising by 7.80% and the computer index increasing by 7.26%, leading the gains [1][2] Factors Driving the Rise - The GEO (Generative Engine Optimization) concept is gaining traction. GEO is an optimization strategy for generative AI platforms aimed at ensuring that brands, products, or services are prioritized in AI-generated responses. Gartner predicts that by 2026, approximately 25% of global traditional search engine traffic will shift to AI tools. This presents a significant growth opportunity for GEO [3][16] - The global GEO market is expected to reach $11.2 billion by 2025 and could potentially reach $100 billion by 2030, driven by the rapid development of AI large models. GEO is anticipated to transform the business models of advertising agencies and reshape the core of the advertising industry through AI and marketing [3][16] - In the AI healthcare sector, OpenAI announced the integration of a health dialogue feature, ChatGPTHealth, into ChatGPT. This feature provides a separate environment for health-related conversations and applications, allowing users to share medical records and connect with various health applications [4][17] - There are rumors that a domestic large model manufacturer may release a new model before the Spring Festival, although the authenticity of this information is uncertain. Regardless, the strength of domestic AI algorithms and talent is notable, and the release of domestic computing power is expected to alleviate previous limitations in AI applications [4][17] Future Outlook - AI is expected to remain a continuous technological mainline, with a shift from hardware to software being inevitable. Large-scale investments in AI infrastructure must resonate with software development to ensure the sustainability of long-term investments [5][18] - As of January 10, 2026, the PE TTM of the CSI Software Index was 260.07, positioned at the 94.84 percentile since its inception. However, the absolute growth rates for the CSI Software Index were only 0.78% and 13.27% for 2024 and 2025, respectively, indicating a rise in the PE TTM due to declining performance [5][18] - The macroeconomic recovery, combined with the drive from AI large models, is expected to lead to a recovery in the software industry, which currently holds certain allocation value. Investors are encouraged to continuously monitor relevant sectors and products for potential investment opportunities [6][18]