证券日报网讯 2月13日，顺控发展（003039）在互动平台回答投资者提问时表示，公司积极响应国家双 碳政策，结合自身业务特点，探索开展新能源领域的投资运营。当前新能源业务聚焦分布式光伏发电与 工商业储能业务，稳步实现光伏、储能产业链合理拓展的发展目标，同时着力多元化发展，积极探索新 能源行业细分领域的新机遇（详见公司定期报告相关内容）。公司当前暂未涉及算力等数据服务业务。 ...

伦敦时间2月12日晚，英国能源学会（Ene rgy I nstit ut e）将2026年度主席奖（Pr e si de nt's Awa r d）授予远景科技集团董事长张雷，以 表彰其在全球能源转型中展现的卓越领导力与变革性贡献。张雷是该奖项创立以来的首位企业家获奖者，标志着中国新能源"文明级"输 出获得全球认可。 据悉，主席奖是能源学会授予个人的最高荣誉，该奖项设立于2022年，旨在表彰改变全球能源格局的关键人物。 该奖项每年仅颁发给 一位获奖者，堪称全球能源领域的殿堂级殊荣。 2025年主席奖颁发给美国前国务卿约翰·克里，以肯定他为促成《巴黎协定》作出的贡 献。 颁奖典礼于伦敦国际能源周期间举行。能源学会主席安迪·布朗在现场致辞时表示："张雷凭借卓著的远见与领导力，已成为全球能源领 域的领军人物。在他的带领下，远景通过构建全球领先的AI电力系统，不仅为全球能源转型提供了可复制、可规模化的解决方案，更 为应对全球气候挑战、构建人类可持续发展的未来作出了卓越贡献。" "我们正站在文明发展的关键时刻。人工智能正将人类推向一个全新的能源需求时代。面对能源需求倍增和化石能源导致气候危机的双 重挑战，如何支撑文明的 ...

Core Viewpoint - North American CSP companies are accelerating capital expenditures, focusing on high-power servers, power systems, cooling, and networking equipment, indicating a significant increase in AI training and inference demand [1] Group 1: AI Industry Dynamics - The domestic AI application sector is rapidly expanding, with large-scale implementations expected to significantly increase the frequency of inference computing power usage, creating a reverse pull on upstream computing power and infrastructure [1] - The AI industry is transitioning from a "single-point computing power boom" to a collaborative expansion phase involving "computing power, infrastructure, and application ecosystem" [1] Group 2: Market Opportunities - The server, power equipment, data centers, and liquid cooling sectors, along with the domestic computing power supply chain, are positioned to benefit continuously from these trends [1] - Recent domestic AIDC tenders are beginning to emerge, with clear growth potential in the HVDC/SST industry trend, indicating a high market space and further value enhancement opportunities [1] Group 3: New Energy Sector - The Guotai New Energy ETF (159387) tracks the Innovation Energy Index (399266), which has a daily price fluctuation limit of 20%, selecting listed companies involved in clean energy, new energy vehicles, and energy storage technologies to reflect the overall performance of innovative and growth-oriented companies in the new energy sector [1]

伦敦时间2月12日晚，英国能源学会（EnergyInstitute）将2026年度主席奖（President'sAward）授予远景科技集团董事长张雷，以表彰其在全球能源转型中展 现的卓越领导力与变革性贡献。张雷是该奖项创立以来的首位企业家获奖者，标志着中国新能源"文明级"输出获得全球认可。 "我们正站在文明发展的关键时刻。人工智能正将人类推向一个全新的能源需求时代。面对能源需求倍增和化石能源导致气候危机的双重挑战，如何支撑文 明的永续繁荣？"在获奖致辞中，张雷以此发问，并指出人类需要构筑面向未来的可再生能源系统。中国以规模化创新推动全球风光储成本下降了90%，已 经让可再生能源成为最有竞争力的普惠能源。 然而，普惠的中国新能源却不免被误读。张雷以史为喻，为中国新能源正名：13世纪，中国造纸术传入欧洲，被视为"廉价且脆弱"的替代品。历史证明，文 明的进步依赖充沛的普惠。中国新能源技术不是"过剩和廉价"，而是"充沛和丰饶"，作为一种"文明级的输出"，正在为人类构筑起一个永续、智能、普惠的 能源系统，推动文明走向新繁荣。 有"气候经济学之父"之称的伦敦政治经济学院教授尼古拉斯·斯特恩对张雷的理念表示认同，他指出： ...

Core Viewpoint - The recent launch of refinancing optimization measures by the Shanghai and Shenzhen stock exchanges has triggered a positive market response, with 18 listed companies disclosing refinancing plans within three trading days, covering key areas such as AI computing power, new energy, and new materials [1] Group 1: Institutional Movements from a Funding Perspective - The core logic of the new refinancing regulations is to "precisely nourish" high-quality technology enterprises, indicating that substantial institutional funds will concentrate in these policy-supported areas [3] - Ordinary investors may struggle to discern whether institutional funds are genuinely participating or merely engaging in short-term speculation based on superficial stock price fluctuations [3] - Quantitative data on "institutional inventory" can reveal the active participation of institutional funds, providing clarity on market trends beyond mere price movements [5][6] Group 2: Behavioral Insights Beyond Price Movements - Investors often feel anxious due to their inability to understand the true reasons behind price fluctuations, such as whether a significant drop indicates risk or hidden opportunities [7] - Analyzing institutional trading behavior through quantitative data can clarify market intentions, distinguishing between genuine institutional participation and mere short-term volatility [12] - Institutional trading actions are characterized by continuity, scale, and repetition, which can be captured through quantitative data, allowing for a better understanding of market movements [12] Group 3: Core Support for Sustained Trends from a Probability Perspective - For ordinary investors, stable returns are derived from sustained trend opportunities rather than short-term price fluctuations, which are heavily influenced by emotions [13][14] - The absence of institutional funds during a price rebound suggests that such movements may be driven by sentiment rather than solid support, indicating a lack of sustainable trends [16] - Employing a probability-based approach to market analysis helps investors focus on the core factors that determine trends, moving away from emotional reactions to short-term price changes [17] Group 4: Reconstructing Investment Decision Logic with Quantitative Thinking - The market reaction following the implementation of the refinancing regulations highlights the importance of viewing investments from multiple dimensions, including funding, behavior, and probability [18] - Traditional approaches that focus solely on price movements can lead to anxiety and misjudgments, while quantitative thinking offers a multi-dimensional perspective that transforms ambiguous market information into clear, objective data [18] - Adopting a quantitative perspective enables investors to avoid pitfalls associated with guessing market tops and bottoms, fostering rational decision-making and sustainable investment capabilities [18]

经济观察网昇辉科技（300423）近期涉及重大资产重组、业绩预亏及股价波动等事件。公司正推进收购 赫普能源85%股权的重大资产重组，旨在拓展新能源业务。同时，公司预计2025年净利润亏损1.16亿至 1.93亿元，但亏损较上年大幅收窄。近期股价波动显著，2月4日涨停，2月11日下跌。 重组进展 公司正在推进发行股份购买赫普能源环境科技股份有限公司85%股权的交易，该交易构成重大资产重 组。截至2025年12月30日，标的资产的审计、评估及尽职调查工作仍在进行中，尚未出现导致交易中止 的重大事项。后续需经董事会、股东大会审议通过，并报深交所审核及证监会注册。此次收购是公 司"智能+双碳"战略转型的一部分，旨在拓展新能源业务。 业绩经营情况 高管变动 2025年12月30日，公司职工代表大会选举张晓艳为职工代表董事，同时董事刘善仕辞任，副总经理崔静 辞去职务但仍任董事，上述变动未影响董事会正常运作。 股票近期走势 2026年2月4日：股价涨停，收盘报9.98元，涨幅19.95%，主力资金净流入2.30亿元，登上龙虎榜。 2026年2月11日：股价下跌2.09%，报收9.36元，主力资金净流出2770.12万元，总 ...

经济观察网ST宝实(000595)近期因业绩预告、退市风险及股价波动等事件受到市场关注。公司预计2025 年归母净利润扭亏为盈，但扣非后净利润仍为负值，最终能否摘帽需待年报披露及交易所审核。同时， 股价出现跌停，资金呈净流出状态，市场情绪谨慎。 业绩经营情况 2026年1月28日，ST宝实发布业绩预告，预计2025年归母净利润为6900万元至9000万元，同比实现扭亏 为盈，主要得益于重大资产重组置入新能源业务及资产处置利得。但扣除非经常性损益后的净利润仍为 负值(-6400万元至-9100万元)，营业收入预计为6.5亿元至6.8亿元。此业绩预告是评估公司退市风险的关 键依据。 2026年1月30日，ST宝实股价跌停，跌幅达4.98%，总市值约67.41亿元。分析指出跌停原因包括退市风 险警示未解除、大股东减持以及财务风险(如担保总额超净资产)。公司仍面临潜在退市风险，若2025年 年报最终未达标，股票可能终止上市。 资金动向 2026年1月周评数据显示，ST宝实主力资金呈净流出状态，例如截至1月16日当周净流出7088.09万元， 反映短期资金态度谨慎。市场情绪受新能源转型预期与退市风险博弈影响，可能导致股 ...

大科技热词』正式发布! 可該上「科技全家蘭」? 盘点直击 中国科技新闻学会发布2025年度「十大科技热词」,精准反映 2025年中国科技发展的核心脉络与前沿方向,同时勾勒出2026 年科技演进的清晰蓝图。在AI、半导体、新能源等前沿科技领域, 中国科技正处于赶超式发展的关键时期,或将为投资者带来显 著的战略配置价值。 商业航大 深酒材按 U FE fol Far 注:图中十大科技关键词源于中国科技新闻学会,仅作为背景信息举例说明,不代表基金 管理人任何投资建议、持仓信息或交易方向。 双合IFi 交易 t 588330 联接A 013317 联接c 013318 硬科技宽基 强进攻性beta摘手 双创龙头ETF标的指数2025年斩获"宽基指数涨幅第一 该指数2025年累计上涨60.86%. 跑赢主要宽基指数。 《 双创龙头ETF标的指数2025年领跑主要宽基 》 60.86% 57.45% 49.57% 46.30% 35.92% 科创创业50 创业板50 创业板指 科创综指 程 别 20 数据来源:中证指数公司,统计区间:2025年1月1日-2025年12月31日。中证科创创业50指 数2021-2025分年 ...

Summary of Conference Call Records Industry Overview - **Macro Environment**: - In January, non-farm employment increased by 130,000, significantly exceeding market expectations [1] - Traders have pushed back the expected timing for the next Federal Reserve interest rate cut from June to July [1] - The probability of a 25 basis point cut in March has decreased from 19.6% to 6% [1] - January's PPI year-on-year decline narrowed and was higher than market expectations, primarily due to unexpected increases in international non-ferrous metals [1] - January's CPI showed a year-on-year decline [1] Artificial Intelligence Sector - **Government Initiatives**: - The State Council is focusing on deepening and expanding "AI+" to empower various industries comprehensively [3] - **Technological Developments**: - DeepSeek has updated its model to support context with up to one million tokens [3] - ZJ is reportedly developing AI chips and negotiating with Samsung regarding chip manufacturing [3] - **Market Trends**: - The demand for high-end glass fiber is surging, prompting Taiwanese manufacturers to accelerate the transition from standard E-glass to LowDk capacity [3] - Cloudflare services are currently utilized by approximately 80% of leading AI companies, with an increase in code deployment on Cloudflare Workers expected due to the rise of AI Agents [3] - Google has introduced AI shopping features in its search and Gemini chatbot [3] - Tianfu Communication and SuperX have established a joint venture to target the global AI optical connection market [3] - U.S. liquid cooling technology company Vantage's performance exceeded expectations [3] Semiconductor Industry - **Market Insights**: - Semiconductor company SMIC indicates that the most pressing demand for AI is in HBM and advanced packaging, with a significant improvement in consumer storage supply expected in the next nine months [4] - The company has pre-purchased key equipment, although supporting equipment may still be pending [4] Other Notable Developments - **Price Adjustments**: - Prices for Youke and Google & Wangsu have been raised [4] - **AI Token Consumption Forecast**: - Foreign investment predicts that China's AI inference token consumption will grow from approximately 10 trillion in 2025 to about 3,900 trillion by 2030, a growth of approximately 370 times over five years [4] - **Coal Industry**: - Trump plans to instruct the Pentagon to sign contracts with coal-fired power plants to revitalize the coal industry [5] - **New Energy Initiatives**: - The first part of the national standard for vehicle solid-state batteries is expected to be released in July 2026 [5] - Poland plans to further enhance the MÓJ PRĄD household solar storage subsidy program [5] Market Strategy Observations - **Trading Volume**: - Today's trading volume was 1,984.3 billion, with a decrease of 121.3 billion [5] - The index remains stable, with a sense that many participants are inactive, either holding positions or waiting for upward movement to reduce holdings [5] - **Sector Performance**: - The building materials sector (with electronic fabric as a mainstay), non-ferrous metals, and petrochemicals are expected to see price increases [5] - **Investment Sentiment**: - There is a rotation in main investment themes, with a focus on price increases, and a belief that opportunities will continue to arise despite recent adjustments in the media sector [5][6]

Core Insights - The CCER market in China is entering a new phase of rapid development with the release of 12 methodologies for voluntary greenhouse gas emission reduction projects, which will enhance the market's role in promoting carbon reduction and guiding green investments [1][3] Group 1: Methodology Development - A total of 18 methodologies for voluntary greenhouse gas emission reduction projects have been published in China, with 4 in 2023, 2 in 2024, and 12 planned for 2025 [2] - The 12 methodologies to be released in 2025 cover 7 out of 16 categories of greenhouse gas emission reduction projects, including renewable energy, energy demand, and agriculture [2][3] Group 2: Market Impact - The release of these methodologies represents a significant expansion of the CCER market's methodology system, enhancing its effectiveness in supporting national high-quality development and addressing key gaps in climate change strategies [3] - The methodologies provide a market incentive mechanism for achieving China's new round of national contributions across all greenhouse gases [3] Group 3: Project Implementation and Monitoring - The methodologies are designed to ensure the scientific validity of projects, which is crucial for the credibility and viability of the market [4] - The methodologies include requirements for project implementation, monitoring data management, and third-party verification to ensure high-quality carbon credits [4][8] Group 4: Industry Participation - To participate effectively in the CCER market, project owners and consulting firms must adhere strictly to the methodologies' requirements for project planning, management, and monitoring [7] - The methodologies are expected to increase project investment returns and stimulate investment enthusiasm in related industries [8] Group 5: Future Directions - The Ministry of Ecology and Environment plans to maintain the scientific, rational, and operable nature of the methodologies to encourage more industries to engage in greenhouse gas reduction actions [9] - The methodologies will serve as a guide for financial resources and social capital to flow into high-potential carbon reduction projects, promoting a comprehensive green transformation of the economy and society [8][9]