（文章来源：每日经济新闻） 每经AI快讯，1月22日，AI应用概念午后持续活跃，久其软件2连板，榕基软件、易点天下、引力传 媒、美年健康、省广集团跟涨。 ...

Core Viewpoint - Kingdee International (00268) has seen a nearly 4% increase in stock price, currently trading at HKD 14.62, with a transaction volume of HKD 185 million. The company announced preliminary revenue estimates for the year ending December 31, 2025, projecting total revenue between RMB 6.95 billion and RMB 7.05 billion, representing a growth of approximately 11.1% to 12.7% compared to the same period in 2024, driven by the execution of its "Subscription First, AI First" strategy and rapid growth in cloud subscription revenue [1][2]. Group 1 - The expected total revenue for the reporting period is projected to be between RMB 6.95 billion and RMB 7.05 billion, an increase from RMB 6.256 billion in 2024 [1]. - The anticipated profit attributable to equity holders of the company is estimated to be between RMB 60 million and RMB 100 million, a significant recovery from a loss of RMB 142 million in 2024 [1]. - Adjusted profit, excluding certain expenses, is expected to be between RMB 190 million and RMB 240 million, compared to a loss of RMB 10 million in 2024 [1]. Group 2 - The net cash inflow from operating activities is projected to be between RMB 1.09 billion and RMB 1.11 billion, reflecting a growth of approximately 16.8% to 18.9% compared to RMB 934 million in 2024 [2].

2025年，AI技术在细分领域加速落地，视频编辑赛道也告别单纯功能叠加的粗放竞争，进入以"生产力 重塑"为核心的新阶段。近日，Wink连续登上多个行业榜单，成为影像领域值得关注的案例。 作为美图公司旗下视频编辑制作工具，Wink靠视频与动态影像优化、画质修复、Live美颜等功能，与 剪映等其他产品打出了差异化。 行业观察人士称，AI技术加速迭代的背景下，通过持续的技术创新与场景深耕实现差异化突围，深度 助力用户年轻化、创意化表达是趋势所向。依托美图在AI影像领域的先发优势，Wink这类聚焦细分场 景且易用的影像工具想象力值得期待。 近日，凭借创新功能打法，Wink入选2025年度AI 100创新产品榜，突显了垂直赛道深耕对于创新产品突 围的关键作用。同时，Wink还入选七麦数据发布的2025年度实力AI产品App榜单Top100和2025年度iOS 实力应用榜单Top100，印证了其在图像视频赛道的核心竞争力。 2025年，Wink海外用户下载量与活跃度呈现攀升态势，多次登顶印度尼西亚、泰国、越南、缅甸、菲 律宾、老挝等国家和地区的应用商店榜单，并先后入选点点数据发布的2025年度实力出海应用和七麦数 据发布 ...

该行予金蝶目标价20.2港元，维持"买入"评级，理由包括在订阅收入增长与AI变现能力提升支持下，营 收增长具韧性；2025财年实现盈亏平衡目标后，盈利能力持续改善。 美银证券发表报告指，金蝶国际发盈喜，以预期范围中位数计算，2025财年营收预计按年增长12%至70 亿元，调整后净利润预计2.15亿元，两项数据均符合市场共识及美银预期。该行认为金蝶2025财年营收 增长稳固，主要受大型企业业务强劲扩张驱动，而下半年营收增速加快(按年升12.5%，对比上半年按年 升11%)，可能反映下游需求逐步改善，部分原因在于2025年第四季来自中小企业新订单增速提升。 ...

Group 1 - The core viewpoint is that energy costs will be crucial in determining the success of AI competition among countries, with GDP growth directly linked to the energy costs associated with AI usage [2] - Microsoft has announced an investment of $80 billion in building AI data centers, with 50% of its spending allocated outside the United States [3] - Nadella emphasizes that if AI does not improve outcomes in healthcare, education, and public sector efficiency, society may lose the license to use scarce energy resources for token production [3] Group 2 - Nadella expresses concerns about the potential for an AI bubble, stating that if AI growth is solely driven by investment, it may indicate a bubble [3] - He believes that AI must extend beyond technology companies to achieve broader penetration, warning that the current AI hype could lead to a bubble if benefits are not equitably distributed [3] - Confidence in the rapid spread of AI technology is based on the past 20 years of cloud computing and mobile device proliferation, with non-tech companies driving economic growth through AI applications [3] Group 3 - Nadella notes that large enterprises may have inherent advantages due to high AI development costs, but startups can build AI systems from scratch, highlighting the challenges traditional giants face in change management [4] - He asserts that Europe needs a broader global perspective to succeed in the AI era, emphasizing the importance of producing globally competitive products and investing in energy and tokens that drive AI [5]

美联储主席候选人已经缩 (企业资讯) 上海證券報 (C 小中国证券网 (市场回顾) 日韩股市1月22日大幅高牙 美东时间周三,美国股市 均涨超1% 现货黄金盘中一度刷新历 新 > 社 主管主办 (国际宏观) 美国总统特朗普21日称, 加征关税的措施 随着隔夜日本超长期国债收益率短暂回落、40年期日债重新跌回4%下方，美债长端压力明显减轻。10年期美债收益率下行4.7个基点，30年期收益率下行5 个基点。 现货黄金盘中一度刷新历史新高逼近4900美元，随后回落，但最终仍收涨1.2%，站稳在4800美元附近。现货白银跌1.3%，盘中一度跌至90关口。 苹果将对Siri进行升级改 下半年推出的聊天机器人 马斯克推进SpaceX的IPO 【市场回顾】 1月22日，日韩股市大幅高开，日经225指数开盘上涨1.0%，报53327.39点，受汽车和金融类股带动。韩国综合股价指数（KOSPI）开盘上涨1.6%，报 4987.06点。 美东时间周三，美国股市大幅反弹，收复前一日大跌的失地，三大指数均涨超1%。截至收盘，道琼斯指数涨1.21%，报49077.23点；标普500指数涨1.16%， 报6,875.62点；纳斯达克指数 ...

苹果计划在6月的全球开发者大会上发布代号为"Campos"的全新AI聊天机器人，并于9月正式推出， 出于隐私考虑，苹果正在考虑大幅限制AI记住用户历史互动信息的功能。新版聊天机器人将采用苹果 设计的用户界面，但依赖谷歌Gemini团队开发的定制AI模型（内部称为Apple Foundation Models version 11），并托管在谷歌TPU芯片的服务器上。苹果每年向谷歌支付约10亿美元以获得这些模型的使用权。 苹果在设计上使其底层模型可随时间更换，从而保留未来选择其他AI模型的灵活性。 它将取代现有Siri界面，具备类似ChatGPT或谷歌Gemini的对话式交互能力，支持网络搜索、内容创 建、图像生成、信息总结和文件分析。 该AI将作为iOS 27、iPadOS 27和macOS 27的主要新功能，并深度集成到整个操作系统和苹果所有核心 应用中（如邮件、音乐、照片、Xcode等）。可调用个人数据完成任务，更轻松地定位特定文件、歌 曲、日历事件和短信。新AI聊天机器人可能会淘汰现有的Spotlight功能。 ...

Government Policies - The Ministry of Finance and two other departments announced a tax policy extension for individual investors transferring gains from CDRs of innovative enterprises, exempting personal income tax from January 1, 2026, to December 31, 2027 [2] - A notification was issued to address issues related to abnormally low government procurement prices, emphasizing the need for a comprehensive assessment of market conditions and setting reasonable maximum prices [2] - The "14th Five-Year Plan" in Suzhou aims to promote high-quality development in digital finance, expand the application of digital RMB, and support small and micro enterprises in financing [2] Industry Developments - Guangdong Province's government released policies to enhance the quality of transportation through AI, encouraging innovation in autonomous driving technologies and the establishment of regulatory platforms [3] - The Spring Festival travel period is expected to see record-high inter-regional mobility and passenger volumes in rail and air travel [2] Company News - Zhite New Materials may apply for a trading suspension if stock prices rise abnormally [5] - Hunan Silver's future market price for silver products remains uncertain [5] - Moore Threads anticipates revenue of 1.45 to 1.52 billion yuan in 2025, with a narrowing net loss [5] - Shanghai Yizhong expects a net profit growth of 760.18% to 903.54% in 2025 [5] - Jin'an Guoji forecasts a net profit increase of 655.53% to 871.4% in 2025 [5] - Limin Co. predicts a net profit growth of 471.55% to 514.57% in 2025 [5] - Baiao Intelligent expects a net profit increase of 228.34% to 337.79% in 2025 [5] - Dajin Heavy Industry forecasts a net profit growth of 121.58% to 153.23% in 2025 [5] - Juhua Co. anticipates an 80% to 101% increase in net profit for the 2025 fiscal year [5] - Ganli Pharmaceutical expects a net profit increase of 78.96% to 95.23% in 2025 [5]

华见早安之声 市场概述 标普500涨1.2%，收复前一日失地，创去年11月以来最大日涨幅。小盘股再成领头羊，罗素2000涨2%创新高，连续13个交易日跑赢标普500。科技七巨头中 微软独跌2.3%，甲骨文跌超3%，奈飞财报后跌超2%。Moderna飙升16%。卡夫亨氏跌5.7%，伯克希尔拟"清仓式"减持。 日债趋于稳定。10年期美债收益率下行4.7个基点。美元反弹0.2%。 特朗普"TACO"，称与北约达成格陵兰协议框架。 贝森特达沃斯施压：欧洲增兵格陵兰是"异想天开"，丹麦对美债的投资"无关紧要"。达沃斯闭门晚宴上，美商务部长痛批欧洲"缺乏竞争力"，拉 加德愤而离席。 加拿大总理卡尼重磅演讲：基于规则的秩序已死，中等强国应团结行动，抵制某些大国胁迫。 马克龙呼吁：欧洲喜欢尊重而非霸凌、关键领域应引入中国投资。 欧洲议会宣布无限期冻结欧美贸易协定审议工作。 特朗普要败诉？美最高法对罢免美联储理事库克态度谨慎，大法官警告"粉碎"央行独立性。 特朗普态度软化后，比特币自盘中创下的去年12月低点拉涨，幅度3.5%，以太坊自日低涨超5%，突破3000美元。 现货黄金一度逼近4900美元，但随避险需求减弱，涨幅收窄。特 ...

Market Overview - The S&P 500 rose by 1.2%, marking its largest daily gain since November of the previous year, while small-cap stocks led the rally with the Russell 2000 increasing by 2% to a new high, outperforming the S&P 500 for 13 consecutive trading days [2] - The 10-year U.S. Treasury yield decreased by 4.7 basis points, and the dollar rebounded by 0.2% [3] - Bitcoin surged by 3.5% after Trump's softened stance, while Ethereum rose over 5%, surpassing $3,000 [4] - In Asia, the Shanghai Composite Index experienced fluctuations, with the SSE 50 ETF achieving record trading volume [5] Key News - Shanghai tax authorities imposed a fine of 100,000 yuan on Pinduoduo for failing to submit required tax information [23] - Trump emphasized Greenland as a core U.S. security interest during his Davos speech, stating that the U.S. would not use force to acquire it and sought immediate negotiations [24] - The European Parliament announced an indefinite freeze on the review of the EU-U.S. trade agreement [26] - Canada’s Prime Minister Carney stated that the rules-based order is dead and called for medium powers to unite against coercion from larger nations [7] Company Updates - Berkshire Hathaway plans to "clear out" its stake in Kraft Heinz, proposing to sell 325.4 million shares, leading to a 4.9% drop in Kraft Heinz's stock price [43] - Tianfu Communication expects a net profit growth of 40%-60% year-on-year, driven by stable demand for high-speed optical devices [14] - Moer Thread anticipates a revenue increase of 230%-247% in 2025, with a reduction in losses by 34.5%-41.3% [15] - Demingli forecasts a staggering net profit increase of 1051.59%-1262.41% year-on-year in Q4, driven by surging AI storage demand [16] Industry Insights - The AI storage demand is igniting significant growth in the storage industry, with companies like Demingli and Moer Thread poised for substantial revenue increases [16][15] - The semiconductor industry is experiencing a K-shaped recovery, with AI storage chips in high demand benefiting companies like Samsung and SK Hynix, while downstream manufacturers face cost pressures [33] - The electric power sector is seeing increased demand due to a cold wave, with the State Grid reporting record electricity loads [44] - The Chinese government is advancing its 6G technology trials, having completed the first phase and initiated the second phase of testing [34]