第 1页 共 5页 2026 年生活经济报告-北大国发院 一、研究背景评估 二、范围与边界确认 三、核心摘要提炼 四、关键数据抓取与呈现 五、风险与机遇诊断 第 2页 共 5页 一、研究背景评估 | 项目 | 说明 | | --- | --- | | 研究机构 | 北京大学国家发展研究院课题组 | | | 中国顶尖智库型研究机构，在经济学、管理学等领域具有深厚的学术积淀和政策影响力。 | | | 1. 学术背景：依托北京大学学术资源，研究团队具备严谨的理论框架和丰富的政策研究经验。 | | | 2. 数据来源多元：整合艾瑞咨询、世界银行、小红书平台等多方数据，引用权威学术文献和政策文件。 | | 权威性说明 | 3. 智库地位：长期为国家宏观决策提供智力支持，在消费经济、数字经济领域有持续跟踪研究。 | | | 4. 独立性：报告基于学术视角，结论客观，具有较高的公信力。 | | 样本数量 | 以小红书为典型样本，但未披露具体样本量；主要采用案例分析和宏观数据引用（如艾瑞咨询调研覆盖消费者近 90%关注 | | | 新品等）。 | | 研究时间范围 | 报告发布于 2026 年 1 月，数据更新至 2025 ...

2026年新春伊始，石景山首钢园喜迎"开门红"。 园区企业捷报频传——不仅有硬核科技企业完成数亿元融资，更有以因时机器人、凌云光·元客视界、灌木互娱为代表的一批优秀企业凭借扎实的技术积 累，集体亮相2026年央视春晚舞台，向外界展示了首钢园在人工智能与数字内容领域的创新活力。 因时机器人获数亿元融资 硬核科技登上国民舞台 在资本市场，园内企业因时机器人宣布完成数亿元C1、C2轮融资。本轮融资由中国移动链长基金、深创投、北京市人工智能产业投资基金等与机构接力 领投，启明创投、TCL创投等重磅加入。这笔资金将稳步推进公司灵巧操作技术的研发与全球化布局。 作为行业内的先行者，因时机器人2025年灵巧手交付量已突破10,000台。 同时，在2026马年春晚，因时机器人灵巧手成功亮相小品《奶奶的最爱》，登上国民级舞台的背后，是产品在高频展示场景下的高稳定性与过硬品质，让 国产灵巧手的核心优势走进亿万观众视野。 舞台呈现中，六位"刘浩存"同屏共舞，在"时空之门"间实现精准错位穿行、多维交织互动与自然渐隐渐现。这一效果基于光场重建与4D高斯泼溅 （4DGS） 核心技术的深度融合，通过实时时空序列优化与高保真渲染，最终达成高 ...

陈吉宁还走访了我市有关先进制造业企业。 市领导李政、华源、陈杰参加。 今天（2月25日）上午，市委书记陈吉宁结合深化推进招商引资和企业服务机制，走访我市部分重点企业，面对面听取意见建议、了解发展诉求、推动问 题解决。陈吉宁指出，要深入学习贯彻党的二十届四中全会和习近平总书记考察上海重要讲话精神，把优化营商环境作为实现"十五五"良好开局的重要抓 手，紧密结合树立和践行正确政绩观学习教育，持续强化服务意识，改进工作作风，提升办事质效，设身处地帮助企业解难题、克难关、抓突破，让企业 更好强信心、稳预期、谋发展。 为进一步抓好优化营商环境9.0版方案落实，更大力度支持各类企业在沪安心发展，新春伊始，市领导结合招商引资和企业服务机制，深入一线走访企业 并开展现场办公，了解企业发展情况、推动政策服务对接，强化市区联动、同题共答，及时回应和解决企业反映强烈的问题诉求，推动各项工作、各方面 政策制度不断优化提升，让企业有更强的认同度感受度。 持续营造市场化、法治化、国际化一流营商环境，支持企业优化业务布局、参与构建生态、增强核心竞争力，更好实现与上海现代化建设的同频共振 在阅文集团，陈吉宁听取企业高质量发展及探索人工智能在文 ...

在中华民族万家团圆的美好时刻，以"骐骥驰骋 势不可挡"为主题的总台马年春晚如约而至，为全球华 人奉上一场新意迭出、吉祥喜庆的新春盛宴。 总台马年春晚开场表演《马上有奇迹》 作为观察中国发展成就的重要窗口，总台春晚近年在全球关注度持续攀升、深受海内外受众喜爱。今 年"春晚热"更是火爆，截至2月17日8时，春晚境内全媒体总触达230.63亿次，同比提升37.3%；全球近 4000家媒体对春晚进行同步直播和报道，同比增长37.95%。 报道截图 在台湾岛内，总台春晚受到高度关注、密集报道。华视新闻专门制作专题报道总台春晚，联合新闻网、 经济日报等岛内媒体以"8K、AI全上阵！央视2026春晚用科技新样貌 打造沉浸式'文化家宴'"等为题展 开报道。人形机器人再度成为岛内关注的"顶流"，TVBS新闻台、中时新闻网的多篇评论文章点评 称，"这场春晚不仅是文艺表演，更是中国大陆机器人战略的象征性展示""人形机器人扎堆亮相马年春 晚，是大陆具身智能行业在2025年迈入高速发展期的写照"。 岛内媒体 岛内媒体 报道截图 机器人等"科技智造"快速迭代，尽显大陆硬核科技的发展速度，中时新闻网评论文章点赞称"大陆机器 人的进化像按了 ...

Vobile Group Limited 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告的內容概不負責，對其準確性或完整性亦不 發表任何聲明，並明確表示，概不對因本公告全部或任何部分內容而產生或因倚賴該等內容而引致的任何損 失承擔任何責任。 謹此提述阜博集團有限公司（「本公司」）日期為2026年2月11日的公告（「該公告」）。除文義另 有所指外，本公告使用的詞彙具有與該公告所界定者相同的涵義。 本公司希望補充說明本集團與星路科技的此次合作將圍繞兩大核心方向：（ 1）聚焦IP收益權 的價值激活，透過星路科技在資產通證化、全球流動性打通方面的成熟經驗，結合本集團 在全球IP產業積累的廣泛資源，共同探索IP沉睡資產的盤活路徑，推動相關資產在合規框 架下實現高效流轉，為香港數宇經濟注入新活力。（ 2）強化IP確權與估值體系，依托本集團 在數字內容確權、監測方面的核心技術優勢，搭配星路科技的創新技術解決方案，建構全 流程、可追溯的IP資產驗證體系，為IP價值評估提供堅實支撐，建立科學的IP估值標準； 最終打造基於合規前提下，知識產櫂的境外RWA通證化路徑。 星 路 金 融 有 限 公 司 是 星 路 科 技 ...

Core Viewpoint - Xiaosong Co., Ltd. (002723) announced that its investment in Songguo Digital Culture (Jiangxi) Co., Ltd. is still in the early investment stage and will not significantly impact the company's business at this time [1][5]. Group 1: Investment and Shareholding - On September 16, 2025, Xiaosong Co. invested 10.5 million yuan to acquire a 51.22% stake in Songguo Digital Culture (Jiangxi), which was included in the consolidated financial statements from October 2025 [2][6]. - On December 17, 2025, Xiaosong Co. disclosed that its controlling shareholder, Huaxin Chuangli, signed a share transfer agreement to transfer 30.7379 million shares (9.25% of total shares) to Shanghai Jiasheng Times, at a price of 9.32 yuan per share, totaling 286 million yuan [2][6]. Group 2: Management and Control Changes - If the share transfer is completed, Jiasheng Times will become the new controlling shareholder of Xiaosong Co., with the actual controllers changing to Luo Minghua and Liu Lingshuang [2][6]. - Jiasheng Times was established on November 18, 2025, with a registered capital of 200 million yuan, and its partners include Shanghai Yanxi Chuangji and Zhongshan Hengdeshun Technology [3][7]. Group 3: Business Operations and Financial Performance - Xiaosong Co. primarily engages in home appliance and engineering construction businesses, with a projected loss of 15 million to 22.5 million yuan for 2025 [3][7]. - The company stated that the revenue and profit from Songguo Jiangxi's short drama business are currently low and will not have a significant impact on overall business performance [3][7].

Core Viewpoint - The launch of ByteDance's Seedance2.0 video model has significantly boosted the stock price of Zhongwen Online, leading to a surge in market enthusiasm and substantial gains for its investors, including Tencent [1][2][4]. Company Performance - On February 10, Zhongwen Online's stock price reached 42.34 yuan per share, with a total market capitalization of 308 billion yuan, marking a 68.55% increase in 2026 and a cumulative rise of 1210.84% since April 2020 [2][3]. - The company has reported a cumulative loss of 27.15 billion yuan over seven years, with an expected net loss of approximately 5.8 billion to 7 billion yuan for 2025, primarily due to increased investments in overseas short drama business [9][8]. Investment and Shareholder Gains - Tencent, through its subsidiaries Shanghai Yuedong and Shenzhen Litong, invested around 600 million yuan for a 10% stake in Zhongwen Online in 2021, which has now appreciated to a market value of 21.56 billion yuan [1][6]. - The total floating profit from Tencent's investment in Zhongwen Online exceeds 2.1 billion yuan, considering previous cash-outs of 542 million yuan [1][6]. Technological Advancements - Seedance2.0, which is currently in internal testing, can generate high-quality videos from text or images in under 60 seconds, boasting a 30% faster video generation speed compared to competitors [2][3]. - The model addresses key pain points in AI video generation, including controllability, coherence, expressiveness, and production thresholds, through its four core capabilities [2]. Strategic Partnerships and Collaborations - Zhongwen Online has established deep collaborations with Tencent and Baidu, leading to joint investments in various projects, including network animations and adaptations of popular novels into dramas [5][4]. - Despite the strong partnerships, Baidu has begun to reduce its stake in Zhongwen Online, and Tencent has also engaged in share reductions [5][6]. Market Trends and Future Outlook - The company has been actively pursuing trends in the digital content space, including AI applications and short dramas, with a focus on international expansion [7][8]. - The performance of Zhongwen Online remains volatile, with ongoing efforts to leverage AI technology across multiple domains, including animation and short dramas [7][8].

Group 1 - The Beijing Future Digital Space Innovation Experimental Zone has introduced two key laboratories focused on sci-fi film and intelligent imaging, and sci-fi digital audio-visual space, led by China Media University and Beijing Normal University [1] - The signing of cooperation agreements among Beijing Municipal Science and Technology Commission, Zhongguancun Management Committee, Shijingshan District Government, and the universities marks a significant step towards deep integration of government, industry, academia, and research [1] - The laboratories aim to enhance digital content production technologies and align research with industry needs, contributing to high-quality development in the experimental zone [1] Group 2 - Shougang Group is accelerating towards a trillion-level technology innovation industry cluster, focusing on creating new engines, scenes, and ecosystems to enhance attraction for enterprises and talent [2] - Shijingshan District is committed to industrial transformation, emphasizing artificial intelligence, sci-fi, and virtual reality, and aims to support the development of new business formats like gaming and e-sports [2] - The construction of the Beijing Future Digital Space Innovation Experimental Zone is a key initiative to build a digital space industry matrix, leveraging Beijing's strengths in artificial intelligence and virtual reality [3] Group 3 - The released construction plan for the experimental zone focuses on various digital space industries, aiming to create a comprehensive ecosystem from content creation to consumer experience [3]

Core Viewpoint - Visual China (000681.SZ) plans to invest $1.7 million in the Wonder Fund 3 OFC, acquiring a 56.67% stake in the fund, which focuses on large model-related enterprises [1] Group 1 - The investment will be made through Visual China Group Holding Limited, a wholly-owned subsidiary of Visual China [1] - The fund is managed by Wonderland International Asset Management Limited and includes a sub-fund named Wonder Sub-Fund A [1] - The focus on large model-related enterprises will help the company closely track technological advancements and deepen its understanding and collaboration in the multimodal large model field, including text-to-video technologies [1]

Core Viewpoint - The article discusses the challenges and opportunities faced by Guangdong Province in transforming its economy, emphasizing the need for innovation and the adoption of the "first-release economy" model to enhance competitiveness and drive sustainable development [1][5][7]. Group 1: Economic Context and Challenges - Guangdong Province is undergoing a critical period of structural adjustment and transformation, facing challenges such as squeezed profit margins in traditional industries and the need for enhanced innovation capabilities [1]. - The province's heavy reliance on OEM/ODM manufacturing has limited its position in the value chain, necessitating a shift towards self-innovation, brand development, and high-value-added segments for sustainable growth [5]. Group 2: "First-Release Economy" Concept - The "first-release economy" concept was introduced as a response to the challenges faced by traditional manufacturing, aiming to improve product competitiveness and quickly capture commercial value [7]. - The concept emphasizes the integration of emerging industries and cutting-edge technologies, with a focus on digital content and artificial intelligence as key drivers [9][11]. Group 3: Action Plans and Initiatives - The Guangdong Creative Industry Association's action plan for 2025 aims to establish a global hub for new product launches, creating a comprehensive development system that includes technology, standards, and ecosystem support [12]. - Specific initiatives include promoting supportive legislation for creative industries, building AI and blockchain laboratories, and facilitating the intelligent upgrade of traditional manufacturing clusters [9][23]. Group 4: Role of Digital Content and AI - The development of China's digital content international entrepreneurial ecosystem is highlighted, with sectors like online literature, animation, and gaming expanding into overseas markets [11]. - AI is seen as a crucial enabler for the "first-release economy," with its applications expected to reshape various sectors by 2030, thus supporting innovation and smart upgrades in industries [14][16]. Group 5: Collaborative Efforts and Future Directions - The conference provided a platform for collaboration among experts and industry leaders, focusing on addressing industry pain points and proposing a framework for an innovation-driven development system [21]. - Successful implementation of the "first-release economy" requires coordinated efforts from government and enterprises in policy guidance, technological development, and market expansion [23].