本报记者 杨笑寒 作为A股长期资金的重要代表，险资的调研动向受到市场普遍关注。Wind资讯数据显示，截至1月28日 记者发稿，年内险资机构（包括保险公司和保险资管公司）调研A股公司次数达592次，对科创板和创 业板标的关注度明显增加。 具体来看，在今年以来的592次调研中，保险公司调研次数合计达281次，其中，太平养老保险股份有限 公司、中国人民养老保险有限责任公司和长江养老保险股份有限公司的调研次数位居前三；保险资管公 司调研次数合计达311次，其中，泰康资产管理有限责任公司、华泰资产管理有限公司和大家资产管理 有限责任公司的调研次数位居前三。 登录新浪财经APP 搜索【信披】查看更多考评等级 炒股就看金麒麟分析师研报，权威，专业，及时，全面，助您挖掘潜力主题机会！ 近年来，险资调研频次持续下降，2023年、2024年和2025年，险资调研A股公司次数分别为3.03万次、 2.23万次和1.84万次。 南开大学金融学教授田利辉对《证券日报》记者表示，近年来，险资调研次数持续下降，实为"提质增 效"的理性选择。一方面，险资投资策略从"广撒网"转向"深挖井"，依托大数据与内部研究体系，对已 深度覆盖的硬科技、高 ...

南开大学金融学教授田利辉对《证券日报》记者表示，近年来，险资调研次数持续下降，实为"提质增 效"的理性选择。一方面，险资投资策略从"广撒网"转向"深挖井"，依托大数据与内部研究体系，对已 深度覆盖的硬科技、高端制造等领域减少重复调研，聚焦核心标的持续跟踪；另一方面，A股信息披露 质量提升与机构化深化，使基础研判效率提高。同时，监管倡导"长期主义"，险资主动规避短期博弈式 调研，将资源集中于投后管理与战略配置，体现专业机构成熟度。 作为A股长期资金的重要代表，险资的调研动向受到市场普遍关注。数据显示，截至1月28日记者发 稿，年内险资机构（包括保险公司和保险资管公司）调研A股公司次数达592次，对科创板和创业板标 的关注度明显增加。 具体来看，在今年以来的592次调研中，保险公司调研次数合计达281次，其中，太平养老保险股份有限 公司、中国人民养老保险有限责任公司和长江养老保险股份有限公司的调研次数位居前三；保险资管公 司调研次数合计达311次，其中，泰康资产管理有限责任公司、华泰资产管理有限公司和大家资产管理 有限责任公司的调研次数位居前三。 近年来，险资调研频次持续下降，2023年、2024年和2025年， ...

1月12日，海天瑞声涨7.43%，截至发稿，报142.96元/股，成交2130.38万元，换手率0.25%，总市值 86.24亿元。海天瑞声股价已经连续3天上涨，区间累计涨幅8.18%。 截至发稿，谭佳俊累计任职时间1年86天，现任基金资产总规模6.09亿元，任职期间最佳基金回报 59.95%， 任职期间最差基金回报12.75%。 风险提示：市场有风险，投资需谨慎。本文为AI大模型自动发布，任何在本文出现的信息（包括但不 限于个股、评论、预测、图表、指标、理论、任何形式的表述等）均只作为参考，不构成个人投资建 议。 责任编辑：小浪快报 数据显示，金信基金旗下1只基金重仓海天瑞声。金信量化精选混合A（002862）三季度持有股数1.38万 股，占基金净值比例为4.99%，位居第十大重仓股。根据测算，今日浮盈赚取约13.65万元。连续3天上 涨期间浮盈赚取13.88万元。 金信量化精选混合A（002862）成立日期2016年7月1日，最新规模2183.79万。今年以来收益12.14%， 同类排名302/9012；近一年收益68.24%，同类排名849/8157；成立以来收益85.94%。 金信量化精选混合A（00 ...

Core Viewpoint - The company confirmed that Google and Alibaba are important clients and that it provides AI training data for them [1] Group 1 - The company has been providing AI training data to both Google and Alibaba [1] - The company will adhere to relevant laws and regulations regarding information disclosure concerning Alibaba's revenue contribution [1]

Core Viewpoint - The company, Hai Tian Rui Sheng (688787.SH), has confirmed that Google and Alibaba are significant clients, providing AI training data to them [1] Group 1 - The company emphasizes its commitment to comply with relevant laws and regulations regarding information disclosure, particularly concerning the revenue contribution from Alibaba [1]

Group 1 - The core viewpoint of the news is that Beijing Haitai Ruisheng Technology Co., Ltd. has seen a stock price increase of 5.44%, reaching 106.49 yuan per share, with a total market capitalization of 6.424 billion yuan [1] - The company specializes in the research, design, production, and sales of AI training data, with its main business revenue composition being: intelligent voice 44.13%, computer vision 40.02%, natural language 13.90%, and application services 1.95% [1] Group 2 - From the perspective of fund holdings, Fuyong Fund has a significant position in Haitai Ruisheng, with its Fuyong Information Technology Mixed A fund holding 280,800 shares, accounting for 4.45% of the fund's net value [2] - The Fuyong Information Technology Mixed A fund has a total scale of 131 million yuan and has achieved a year-to-date return of 2.07%, ranking 7375 out of 8209 in its category [2] - The fund manager, Li Yanzheng, has a tenure of 4 years and 161 days, with the best fund return during his tenure being 46.7% and the worst being -31.03% [2]

Core Insights - On November 12, Haitai Ruisheng's stock fell by 2.48%, with a trading volume of 147 million yuan [1] - The company reported a financing buy-in of 12.90 million yuan and a financing repayment of 18.34 million yuan, resulting in a net financing outflow of 5.45 million yuan [1] - As of November 12, the total margin balance for Haitai Ruisheng was 303 million yuan, which is 4.71% of its market capitalization [1] Financing Summary - Haitai Ruisheng's financing buy-in on November 12 was 12.90 million yuan, with a current financing balance of 303 million yuan [1] - The financing balance is below the 20th percentile level over the past year, indicating a low position [1] Securities Lending Summary - On November 12, there were no shares repaid or sold in securities lending, with a total lending balance of 0.00 yuan, which is at a high level compared to the 90th percentile over the past year [1] Company Overview - Haitai Ruisheng Technology Co., Ltd. was established on May 11, 2005, and went public on August 13, 2021 [1] - The company's main business involves the research, design, production, and sales of AI training data, with revenue composition as follows: intelligent voice 44.13%, computer vision 40.02%, natural language 13.90%, and application services 1.95% [1] Financial Performance - As of September 30, the number of shareholders for Haitai Ruisheng was 12,600, an increase of 18.33% from the previous period [2] - For the period from January to September 2025, the company achieved a revenue of 234 million yuan, a year-on-year increase of 56.69%, and a net profit attributable to shareholders of 4.18 million yuan, up 10.32% year-on-year [2] Dividend Information - Since its A-share listing, Haitai Ruisheng has distributed a total of 57.50 million yuan in dividends, with 46.80 million yuan distributed over the past three years [2] Institutional Holdings - As of September 30, 2025, the top ten circulating shareholders included Noan Active Return Mixed A (001706) as the seventh largest shareholder, holding 545,800 shares, unchanged from the previous period [2] - The eighth largest shareholder, Bosera SSE Sci-Tech Innovation Board AI ETF Initiated Link A (023520), is a new entrant with 492,400 shares [2] - Hong Kong Central Clearing Limited is the tenth largest shareholder, also a new entrant with 437,700 shares [2]

Core Insights - On November 6, Haitai Ruisheng experienced a decline of 0.66% with a trading volume of 158 million yuan, indicating a negative market sentiment [1] - The company reported a financing buy-in of 19.64 million yuan and a financing repayment of 24.18 million yuan on the same day, resulting in a net financing outflow of 4.54 million yuan [1] - As of November 6, the total margin balance for Haitai Ruisheng stood at 317 million yuan, which is 4.61% of its market capitalization, reflecting a low financing balance compared to the past year [1] Financing and Margin Data - On November 6, Haitai Ruisheng had a financing buy-in of 19.64 million yuan, with a current financing balance of 317 million yuan, which is below the 20th percentile of the past year [1] - The company reported no short-selling activity on November 6, with a short-selling balance of 0 shares, indicating a high level of short-selling availability compared to the past year [1] Company Overview - Haitai Ruisheng Technology Co., Ltd. was established on May 11, 2005, and went public on August 13, 2021, focusing on the research, design, production, and sales of AI training data [1] - The company's revenue composition includes 44.13% from intelligent voice, 40.02% from computer vision, 13.90% from natural language, and 1.95% from application services [1] Shareholder and Financial Performance - As of September 30, the number of shareholders for Haitai Ruisheng increased by 18.33% to 12,600, while the average number of circulating shares per person decreased by 15.49% to 4,769 shares [2] - For the period from January to September 2025, the company achieved a revenue of 234 million yuan, representing a year-on-year growth of 56.69%, and a net profit attributable to shareholders of 4.18 million yuan, up 10.32% year-on-year [2] - Since its A-share listing, Haitai Ruisheng has distributed a total of 57.50 million yuan in dividends, with 46.80 million yuan distributed over the past three years [2] Institutional Holdings - As of September 30, 2025, the top ten circulating shareholders of Haitai Ruisheng include notable funds such as Nuoan Active Return Mixed A and Bosera SSE STAR Market Artificial Intelligence ETF, with new entries from Hong Kong Central Clearing Limited [2]

Group 1 - The core point of the news is the performance and market position of Beijing Haitan Ruisheng Technology Co., Ltd., which saw a stock price increase of 5.04% to 121.87 CNY per share, with a total market capitalization of 7.352 billion CNY [1] - The company specializes in the research, design, production, and sales of AI training data, with revenue composition as follows: intelligent voice 44.13%, computer vision 40.02%, natural language 13.90%, and application services 1.95% [1] Group 2 - From the perspective of fund holdings, Jin Xin Fund has a significant position in Haitan Ruisheng, with its Jin Xin Quantitative Selected Mixed A Fund holding 13,800 shares, accounting for 4.99% of the fund's net value, ranking as the tenth largest holding [2] - The Jin Xin Quantitative Selected Mixed A Fund has achieved a year-to-date return of 35.54%, ranking 2,355 out of 8,223 in its category, and a one-year return of 20.81%, ranking 4,192 out of 8,115 [2] Group 3 - The fund manager of Jin Xin Quantitative Selected Mixed A is Tan Jiajun, who has been in the position for 1 year and 16 days, with the fund's total asset size at 609 million CNY [3] - During Tan Jiajun's tenure, the best fund return was 33.46%, while the worst return was 9.31% [3]

Core Viewpoint - Haitan Ruisheng's stock price increased by 5.12% to 118.73 CNY per share, with a trading volume of 287 million CNY and a turnover rate of 4.18%, resulting in a total market capitalization of 7.162 billion CNY [1] Company Overview - Beijing Haitan Ruisheng Technology Co., Ltd. was established on May 11, 2005, and went public on August 13, 2021. The company is located at No. 68 Zhichun Road, Haidian District, Beijing [1] - The main business involves the research, design, production, and sales of AI training data. The revenue composition is as follows: Intelligent Voice 44.13%, Computer Vision 40.02%, Natural Language 13.90%, and Application Services 1.95% [1] Fund Holdings - According to data, one fund under Furong Fund has a significant holding in Haitan Ruisheng. Furong Information Technology Mixed A (013345) held 280,800 shares in the third quarter, accounting for 4.45% of the fund's net value, ranking as the tenth largest holding [2] - The fund has generated an estimated floating profit of approximately 1.6228 million CNY today [2] - Furong Information Technology Mixed A was established on October 28, 2021, with a current scale of 131 million CNY. Year-to-date returns are 6.21%, ranking 6565 out of 8154 in its category, while the one-year return is 12.88%, ranking 5364 out of 8046 [2] - The fund manager, Li Yanzheng, has been in position for 4 years and 137 days, with total assets under management of 841 million CNY. The best fund return during his tenure is 68.6%, while the worst is -31.03% [2]