（ 於香港註冊成立之有限公司） （ 股份代號： 076） 自願公告 業務發展最新情況 誼礫控股有限公司董事會謹在此知會市場有關本集團之最新業務發展。 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佈之內容概不負 責，對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公佈全部 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。 ELATE HOLDINGS LIMITED 誼礫控股有限公司 訂約雙方同意將根據本公司的貢獻和澳覓公司的業績，就本公司收取的管理費和 分享澳覓公司的利潤份額，在近期內簽署進一步合作的協議。 關於澳覓公司 澳門網路傳媒發展有限公司是澳門最大的本地生活電商平台，也是澳門最大的網 上生鮮超市服務商。澳覓公司年線上交易金額約 10 億澳門元。 1 關於本集團 此乃由誼礫控股有限公司（「本公司」）作出之自願性公告，使其股東及潛在投 資者知悉本公司及其附屬公司（合稱「本集團」）之最新業務發展。 本公司董事會(「董事會」)欣然宣布，本公司和澳門網絡傳媒發展有限公司（彼 為「澳覓」應用程式擁有人，下稱「澳覓公司」）於二零二六年二月六日簽訂為 期三年之合作管理協議。 訂約 ...

但更令市场震动的是亚马逊公布的巨额资本支出预期——高达2000亿美元，远超分析师1466亿美元的预 估，也较2025年约1310亿美元的规模大幅攀升。 来源：环球市场播报 该数字也令谷歌母公司Alphabet1750亿至1850亿美元的资本支出预期相形见绌，后者此前已引发交易员 和分析师担忧。市场传递的信号十分明确：尽管亚马逊首席执行官安迪・贾西称对"实现强劲的投资资 本回报率"充满信心，但投资者对科技巨头为追逐人工智能下一阶段发展投入巨资的做法日益警惕。 亚马逊正步同为科技巨头的微软后尘，且并非向好方向。这家电商及云服务巨头公布四季度财报不及预 期后，盘后股价暴跌逾11%。 资本支出飙升，叠加市场担忧人工智能正侵蚀软件企业价值，共同引发周四科技股抛售潮。受英伟达、 甲骨文、高通等企业股价下跌拖累，纳斯达克综合指数下跌1.59%。美国1月裁员人数高企进一步施压 股市，标准普尔500指数下跌1.23%，2026年转跌，道琼斯工业平均指数下跌1.2%。 但并非所有人都认为科技板块陷入困境。韦德布什证券公司的丹・艾夫斯周三在研报中表示，此次抛售 反映的是一种"远非现实的板块末日场景"。 不过现代财富管理公司投资总监 ...

Group 1 - The core theme of this year's New Year goods is a shift towards technology and personalization, moving away from traditional items like dried fruits and snacks [1][3] - In Beijing, a tech brand experience store showcases robots and interactive displays, indicating a growing consumer interest in tech-oriented New Year products [1] - The concept of New Year goods is being redefined with personalized items such as emotive dolls and trendy accessories, appealing to younger consumers [3] Group 2 - In Henan, digital consumption vouchers have become a popular form of New Year goods, with the launch of the 2026 online New Year goods festival driving significant consumer engagement [6] - The scale of the digital voucher initiative in Henan has exceeded 4 billion yuan, directly boosting consumption by over 50 billion yuan since the 14th Five-Year Plan [9] - The digital chain linking online coupon acquisition to offline experiences has made discounts more accessible to consumers [10] Group 3 - In Guangdong, traditional kumquat trees are evolving into trendy cultural symbols, reflecting a blend of modernity and cultural heritage in New Year goods [11] - The sales of kumquats have increasingly shifted online, with e-commerce and live streaming expanding their market reach beyond local boundaries [11] - The transformation of kumquats into creative products like plush toys and decorative items signifies a new way of conveying traditional meanings [14]

Core Insights - Amazon reported a revenue of $213.4 billion for Q4 of FY2025, marking a 12% year-over-year growth, but the stock price fell over 11% post-announcement [1] - The company anticipates capital expenditures to reach $200 billion in 2026, primarily for AWS, driven by high demand for cloud services [1] Group 1: Financial Performance - AWS revenue for Q4 was $35.6 billion, a 24% increase year-over-year, with an operating profit of $12.5 billion [2] - For the full year, AWS generated $142 billion in revenue [2] - Amazon's backlog orders reached $244 billion, a 40% year-over-year increase and a 22% quarter-over-quarter increase [2] Group 2: Cloud and AI Services - The growth in AWS is attributed to modernization of infrastructure and migration of workloads to the cloud, driven by core and AI services [2] - Amazon's AI shopping assistant, Rufus, has 300 million users, with a 60% higher conversion rate for users [2] - Concerns about external AI services impacting e-commerce traffic were addressed by proposing the concept of "agent-based shopping" [2] Group 3: Satellite Project Progress - Amazon's low Earth orbit satellite project, Amazon Leo, is making rapid progress, aiming to provide connectivity to underserved areas [3] - The Leo Ultra terminal offers up to 1 Gbps download and 400 Mbps upload speeds, with plans for over 20 launches in 2026 and over 30 in 2027 [3] - Amazon has signed multiple commercial agreements, including partnerships with AT&T and JetBlue [3] Group 4: Custom Chip Development - The company is developing its own custom AI chips, Trainium, to address high costs in the AI chip market [4] - Trainium 2 has seen rapid deployment with over 1.4 million chips produced, while Trainium 3 offers a 40% improvement in cost-performance ratio [4] - Supply for Trainium 3 is expected to be nearly fully booked by mid-2026 [4]

2月5日，备受瞩目的国际黄金市场再度迎来跳水，伦敦现货黄金价格从5000美元/盎司附近跌至4700美元/盎司附近，截至发稿，其价格小幅反弹至4815美元/ 盎司。 同日，白银更惨，伦敦现货白银价格从90美元/盎司附近跌至67美元/盎司附近，单日暴跌约25%之巨，波动之剧烈实属罕见。截至发稿，其价格小幅反弹至 72.5美元/盎司。 黄金、白银齐跳水，跌落神坛 值得注意的是，1月30日至今，短短数个交易日，伦敦现货黄金、白银连遭重挫，累计跌幅分别达到约11.5%、40%，黄金完成了从"避险神坛"到"暴跌主 角"的反转，从历史峰值开启断崖式下跌，白银弹性更大，无数散户被套在高位。一场席卷全球的贵金属风暴骤然来袭。 黄金、白银暴跌的背后，一方面源于获利盘集中出逃。此前黄金从3000美元/盎司一路涨至超过5500美元/盎司，机构投资者、量化资金均积累了丰厚利润。 面对金价的历史高位，市场情绪达到顶点，散户跑步入场接盘，而机构选择顺势止盈，大量抛售头寸引发连锁反应。 此外，有观点指出，白银兼具金融与工业属性。其市场容量小、流动性差，本就波动剧烈。此次暴跌中，对全球工业需求复苏乏力的担忧，放大了其作为工 业金属的下跌压力， ...

Core Viewpoint - Amazon's significant capital expenditure plan for 2026, projected at $200 billion, has raised concerns among investors, leading to a notable decline in its stock price despite exceeding revenue expectations for Q4 2025 [1][6]. Financial Performance - In Q4 2025, Amazon reported total revenue of $213.39 billion, surpassing analyst expectations of $211.33 billion, while earnings per share (EPS) were $1.95, slightly below the forecast of $1.97 [4]. - Amazon Web Services (AWS) revenue reached $35.58 billion, marking a 24% year-over-year growth, the fastest in 13 quarters [4]. - Advertising revenue was $21.32 billion, exceeding expectations and growing 23% year-over-year [4]. - North America sales grew 10% to $127.1 billion, while international sales increased 17% to $50.7 billion, with a growth rate of 11% when excluding currency fluctuations [4]. Capital Expenditure Plans - Amazon's capital expenditure for 2026 is expected to reach approximately $200 billion, significantly higher than the $131 billion spent in 2025 and exceeding analyst expectations of $146.6 billion [5]. - CEO Andy Jassy attributed the large investment to strong demand for existing services and opportunities in AI, chips, robotics, and low Earth orbit satellites, primarily focusing on AWS infrastructure [5]. - The company has initiated a $11 billion AI data center project, "Project Rainier," to support workloads for Anthropic [5]. Market Reaction - Following the earnings report, Amazon's stock fell 4.56% during regular trading and dropped over 11% in after-hours trading due to concerns about short-term profit pressures and the long-term return on the substantial investment [6]. Future Outlook - For Q1 2026, Amazon expects sales between $173.5 billion and $178.5 billion, indicating a year-over-year growth of 11% to 15%, slightly above analyst expectations [8]. - The company is focusing on integrating AI technology across its business segments, with its AI shopping assistant, Rufus, having 300 million users and a 60% higher conversion rate for users [8]. - Jassy introduced the concept of "Agentic shopping," suggesting that retailers with extensive product offerings and customer trust will have a competitive edge in the AI era [8]. Strategic Initiatives - Amazon is promoting its self-developed chips to address high costs in the AI chip market, with the Trainium series showing rapid deployment and significant revenue growth [10]. - The company is also optimizing its cost structure through workforce reductions, announcing layoffs of approximately 16,000 employees following a previous reduction of 14,000 [12].

NEWS ◆ 苹果新动向 ◆ 库克官宣苹果进军 AI 硬件，首款 AI 眼镜有望今年发布 2 月 6 日消息，科技媒体 Cult of Mac 今天（2 月 6 日）发布博文，报道称在苹果本周召开的全员会议 上，公司首席执行官蒂姆 · 库克（Tim Cook）首次确认，正积极筹备一系列由 AI 驱动的全新产品类 别。 库克并未在会议上展示具体原型机，但向员工强调了 AI 为苹果带来的全新机遇。该媒体认为这一表态 证实了业界长期的猜测：苹果正试图通过人工智能技术，重新定义用户与设备的交互方式，逐步摆脱对 传统触摸屏的依赖。 援引博文介绍，在 AI 设备方面，基于目前相关爆料，目前至少有 AI 眼镜和 AI 胸针两款产品。 该媒体报道称苹果内部正加速研发 AI 智能眼镜，被视为接替 iPhone 的关键设备之一。首代产品预计不 配备显示屏，而是通过集成摄像头、麦克风和扬声器，实现电话接听、音乐播放、实时翻译及逐向导航 等功能。 消息称苹果会在 2026 年年底前展示该产品的初版概念，然后在 2027 年发售。至于带有显示屏的第二代 版本，则可能要等到 2028 年才会问世。（新闻来源：IT之家） 体量未达监管门槛 ...

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 Stock Connect [1] - The US stock market saw significant declines, with the Nasdaq dropping 1.59%, marking the worst three-day sell-off since April of the previous year [2] Key Insights - The report highlights that the Hong Kong and A-share markets achieved a strong start in 2026, with net inflows of 69 billion HKD in January [3] - The report emphasizes the importance of technology self-reliance and AI applications as core themes for future performance in the Hong Kong stock market, suggesting that leading companies in these sectors may see long-term growth opportunities [3] - The report recommends focusing on sectors supported by policies for "technology self-reliance," including AI, semiconductors, and industrial software, as well as sectors benefiting from "expanding domestic demand" policies, such as sports apparel and non-essential services [3] IPO Activity - As of the end of January 2026, the total market capitalization of the Hong Kong securities market reached 50.8 trillion HKD, a 44% increase from the previous year [8] - In January, 13 new companies were listed on the Hong Kong Stock Exchange, a 63% increase compared to the same period last year, with total fundraising amounting to 531 billion HKD, up 318% year-on-year [8] Company Performance - Notable stock performances included Haidilao, which rose by 4.0% due to improved operations, and Lenovo, which increased by 3.7% [1] - Semiconductor stocks in Hong Kong faced collective declines, influenced by a significant drop in AMD's stock price, with SMIC falling by 1.9% [1]

【环球网财经 记者 陈超】英国消费者在牛津街排队购买泡泡玛特盲盒，中国生物科技实验室里阿斯利康的科学家正在研发新一代细胞疗法，中英商 业合作正在打破地缘政治的迷雾，回归互利共赢的商业本质。 千亿美元贸易压舱 1月28日，英国首相斯塔默对中国进行正式访问，这是英国首相时隔8年再次访华。此次访问的背景是中英双边经贸关系的深厚基础。根据中国海关总 署和英国国家统计局的数据，中英双边货物贸易额达到1037亿美元，服务贸易额有望突破300亿美元，双向投资存量近680亿美元。 此次访问团队由50余家英国顶尖企业高管和机构代表组成，覆盖金融、能源、制药、创意产业等关键领域。双方签署了多项贸易投资合作成果文件， 并同意年内重启战略对话、经济财金对话等三项高级别机制。这些动作为长期合作建立了更稳定的制度框架，其核心目的之一，正是回应企业界 对"稳定、可预期环境"的迫切需求，为后续的具体商业合作扫除障碍、注入确定性。 值得一提的是，此次访问达成的制度性共识，在访问期间就已催生出具体的企业合作。在贸易便利化方面，京东集团与英中贸易协会在中英商务论坛 上签署战略合作协议，旨在利用京东的电商生态与物流网络，助力更多英国品牌高效触达中国 ...

Core Insights - Amazon's Q4 2025 earnings report showed overall strong performance, with total revenue and operating profit slightly exceeding expectations, despite some concerns regarding high capital expenditures (Capex) and future guidance [10][11]. Group 1: AWS Performance - AWS revenue grew by 23.6% year-over-year, marking a significant acceleration of 3.4 percentage points from the previous quarter, fulfilling market expectations for AWS growth [1][27]. - The acceleration in AWS growth is attributed to alleviated supply constraints and partnerships with major clients like Anthropic and OpenAI, indicating a narrowing gap in AI capabilities compared to competitors [28][12]. - AWS operating profit margin increased to 35%, reflecting a positive trend despite rising Capex, which suggests effective cost management [31]. Group 2: Capital Expenditures - The company reported a Capex of $350 million for the quarter, a slight decrease from the previous quarter, but guidance for FY 2026 indicates a total Capex of $200 billion, a 43% increase from current levels [2][33]. - This high level of Capex raises concerns about future profitability, as depreciation is expected to increase, potentially impacting profit margins [33][23]. Group 3: Retail and Advertising Performance - The retail segment showed stable growth, with total revenue increasing by 11.8% year-over-year, although North American retail growth slowed to 10% [3][36]. - Advertising revenue grew by 23.3%, driven by increased ad placements on platforms like Prime Video, making it the fastest-growing segment within retail [6][39]. - Subscription revenue also saw an increase from 11.5% to 14%, attributed to the success of the Thursday Night Football series [7][39]. Group 4: Profitability and Cash Flow - Overall operating profit reached $25 billion, a nearly 18% increase year-over-year, slightly beating market expectations, with an operating profit margin of 11.7% [42]. - The company is facing tightening cash flow, with projected operating cash inflow of approximately $160 billion for FY 2026, which may not cover the planned Capex, necessitating external financing [6][10]. Group 5: AI Competitiveness - Amazon's efforts to enhance its AI capabilities include partnerships with Anthropic and potential investments in OpenAI, aiming to strengthen its position in the competitive landscape [12][17]. - The introduction of self-developed chips, such as the third-generation Trainium, is expected to alleviate previous supply constraints and enhance AWS's computational power [18][19].