AI 新催化！ 产业链全梳理 20260212 2026-02-12 摘要 AI 视频制作正经历从高成本到低成本、从长周期到高效、从高门槛到平 民化的转变，重塑供需格局，带来投资机遇，但需警惕大模型能力扩张 对应用的潜在影响。 亚马逊 AWS 等云服务商的涨价预示 AI 云基础设施日益稀缺，进一步确 认全球 AI 算力需求端的高景气度，市场有望复刻 2025 年春节后的上涨 行情。 CloudOps 4.6 和智谱 GLM 5 等模型的发布标志着 AI 从聊天机器人向 自定义团队协作执行者转变，将推动行业在 2026 年实现指数级增长， 并改变企业和个人数字工作模式。 看好与 AI 应用共振的国产算力投资机会，推荐 GPU 公司如寒武纪，以 及互联网厂商自研 ASIC 芯片，同时关注靶材环节的涨价预期，如江丰 电子、欧莱新材和阿石创等。 2025 年 CCL（铜箔基板）提价将在 2026 年第一季度显现，并预计在 2026 年至 2027 年全年带来良好的业绩表现，相关受益公司包括南亚 新材、生益科技和华正新材。 Q&A 2026 年 AI 产业链有哪些新的投资机遇？ 2026 年 AI 产业链迎来了多项新的 ...

行 业 研 究 2026 年 02 月 09 日 投资评级：看好（维持） 行业走势图 数据来源：聚源 -38% -19% 0% 19% 38% 58% 77% 2025-02 2025-06 2025-10 电子 沪深300 相关研究报告 《靶材：提价趋势渐成，有望持续演 绎 —行业点评报告》-2026.2.5 《美股存储业绩超预期，海内外 CSP 持续加码 AI 资本支出—行业周报》 -2026.2.1 《被动元件：成本端驱动涨价潮，高 端需求开启新周期—行业点评报告》 -2026.1.26 关注半导体自主可控和涨价连锁反应 ——行业点评报告 | 陈蓉芳（分析师） | 陈瑜熙（分析师） | | --- | --- | | chenrongfang@kysec.cn | chenyuxi@kysec.cn | | 证书编号：S0790524120002 | 证书编号：S0790525020003 | chenyuxi@kysec.cn 证书编号：S0790525020003 特朗普宣布提名凯文·沃什担任美联储主席，美股呈现剧烈动荡 合肥长鑫 2025 年底发布招股说明书，我们预计 2026 年长鑫长存扩产将会 ...

声明：市场有风险，投资需谨慎。本文基于第三方数据库自动发布，不代表新浪财经观点，任何在本文 出现的信息均只作为参考，不构成个人投资建议。如有出入请以实际公告为准。如有疑问，请联系 biz@staff.sina.com.cn。 责任编辑：小浪快报 02月04日消息，截止13:20，钙钛矿电池板块走强，中来股份、泽润新能、拓日新能涨停，东方日升、 阿石创、琏升科技、金晶科技、金辰股份等个股涨幅居前。 ...

（文章来源：证券日报） 证券日报网讯 2月3日，阿石创在互动平台回答投资者提问时表示，截至2026年1月30日收盘，持有阿石 创股份的人数（合并普通账户和融资融券信用账户）为34783户。 ...

Core Insights - The rare earth market is experiencing slight price adjustments, with specific products showing mixed trends in pricing [1] - Market sentiment indicates a majority of participants are neutral, with a slight increase in bullish sentiment compared to the previous week [1] - Factors influencing price movements include pre-holiday stockpiling by downstream magnetic material companies, logistics slowdowns due to the upcoming Spring Festival, and essential procurement by metal manufacturers [1] Price Summary - Praseodymium and Neodymium oxide average price is 672,400 CNY/ton, up by 800 CNY/ton [1] - Praseodymium and Neodymium metal average price is 810,100 CNY/ton, up by 500 CNY/ton [1] - Dysprosium oxide average price is 1,430,600 CNY/ton, down by 2,700 CNY/ton [1] - Terbium oxide average price is 6,314,500 CNY/ton, down by 10,100 CNY/ton [1] Market Sentiment - Last week, approximately 23% of market participants were bullish, 14% bearish, and 62% neutral, aligning with current market conditions [1] - This week, bullish sentiment has increased to 25%, while bearish sentiment has decreased to 11% [1] Influencing Factors - Price fluctuations are primarily driven by three factors: pre-holiday stockpiling by downstream companies, logistics slowdowns due to the Spring Festival, and essential procurement by metal manufacturers [1] - The current tight supply of praseodymium and neodymium oxide and metal suggests limited room for price corrections [1] - It is anticipated that mainstream product prices will continue to fluctuate before the holiday, with potential short-term price pressure due to traders liquidating inventory for cash before the holiday [1] Stock Performance - Selected rare earth permanent magnet concept stocks show varied performance: - Yujing Co., Ltd. (002943) latest price: 66.31 CNY, change: +0.01%, turnover: 176 million CNY [1] - Longhua Technology (300263) latest price: 10.54 CNY, change: +7.55%, turnover: 1.015 billion CNY [1] - Grinmei (002340) latest price: 9.66 CNY, change: +6.62%, turnover: 3.981 billion CNY [1] - Hengdian East Magnetic (002056) latest price: 21.85 CNY, change: +6.17%, turnover: 1.319 billion CNY [1] - Ashi Chuang (300706) latest price: 39.08 CNY, change: +5.71%, turnover: 572 million CNY [1]

Group 1 - The core viewpoint of the news is that Astone Innovation has seen a stock price increase of 5.14%, reaching 38.87 CNY per share, with a trading volume of 412 million CNY and a turnover rate of 9.65%, resulting in a total market capitalization of 5.959 billion CNY [1] - Astone Innovation, established on October 29, 2002, and listed on September 26, 2017, specializes in the research, production, and sales of various PVD coating materials [1] - The main business revenue composition of Astone Innovation includes sputtering targets at 42.65%, evaporation materials at 31.64%, alloy and metal materials at 22.47%, and others at 3.24% [1] Group 2 - Among the top ten circulating shareholders of Astone Innovation, the Jin Ying Fund has a fund that entered the top ten, holding 736,000 shares, which accounts for 0.65% of the circulating shares [2] - The Jin Ying Yuan Feng Bond A fund (210014) has achieved a year-to-date return of 11.86%, ranking 26 out of 7060 in its category, and a one-year return of 41.21%, ranking 22 out of 6259 [2] - The Jin Ying Yuan Feng Bond A fund was established on January 30, 2013, with a latest scale of 873 million CNY and has generated a cumulative return of 153.56% since inception [2]

证券日报网讯1月22日，阿石创（300706）在互动平台回答投资者提问时表示，截至2026年1月20日收 盘，持有阿石创股份的人数(合并普通账户和融资融券信用账户)(已合并)为34896户。 ...

Group 1: Profit Forecasts - Gan Li Pharmaceutical expects a net profit of 1.1 billion to 1.2 billion yuan for 2025, an increase of 78.96% to 95.23% year-on-year [1] - Astone Technology anticipates a net loss of 40 million to 60 million yuan for 2025, compared to a loss of 25.34 million yuan in the previous year [2] - JinkoSolar forecasts a net loss of 5.9 billion to 6.9 billion yuan for 2025 [6] - Time Space Technology expects a net loss of 235 million to 290 million yuan for 2025 [7] - Phi Li Hua predicts a net profit of 412 million to 472 million yuan for 2025, a year-on-year increase of 31.12% to 50.22% [8] - Southern Precision expects a net profit of 300 million to 370 million yuan for 2025, representing a growth of 1130% to 1417% [10] - Daikin Heavy Industries anticipates a net profit of 1.05 billion to 1.2 billion yuan for 2025, an increase of 121.58% to 153.23% [11] - Qianfang Technology expects a net profit of 250 million to 320 million yuan for 2025, recovering from a loss of 1.193 billion yuan in the previous year [18] - Bohai Leasing forecasts a net loss of 250 million to 500 million yuan for 2025, with a significant goodwill impairment loss expected [13] - Qujiang Cultural Tourism anticipates a net loss of 130 million to 165 million yuan for 2025 [31] Group 2: Corporate Announcements - Hualan Biological Engineering received approval for clinical trials of its recombinant shingles vaccine [3] - Baishan Nonferrous Metals announced the resignation of its chairman, Wang Pugong, due to work changes [4] - Binhai Energy plans to invest approximately 548 million yuan in two projects related to porous carbon and silicon-carbon anode materials [15] - Nankai Group signed a 296 million yuan equipment sales contract with Inner Mongolia Xijin Mining Co., Ltd. [16] - Tianhua New Energy is planning to issue H-shares and list on the Hong Kong Stock Exchange [12] - Xinneng Technology is also planning to issue H-shares and apply for listing on the Hong Kong Stock Exchange [28] - Lu Wei Optoelectronics intends to raise no more than 1.38 billion yuan through a private placement [26]

Core Viewpoint - The company, Astone, announced a forecast for its 2025 annual performance, expecting a net loss attributable to shareholders in the range of RMB 40 million to 60 million, compared to a net loss of RMB 25.34 million in the same period last year [2] Financial Performance Summary - The expected net profit after deducting non-recurring gains and losses is projected to be a loss between RMB 30 million and 45 million, while the previous year's figure was a loss of RMB 41.84 million [2] Reasons for Performance Change - The announcement cites two main reasons for the performance change: 1. Significant increase in R&D investments related to special projects and terminal collaborations compared to the previous year [2] 2. Investment losses and fair value changes due to the company's hedging activities and silver leasing business, which were impacted by substantial increases in raw material prices during the reporting period [2]

Group 1 - The company is primarily engaged in the research, production, and sales of various PVD coating materials, metals, and alloy materials [5] - The company's performance fluctuation is attributed to a significant increase in R&D investment for special projects and terminal collaborations compared to the previous year [5] - To mitigate risks from raw material price volatility, the company has engaged in futures hedging and silver leasing business, which resulted in substantial investment losses and fair value changes during the reporting period [5] Group 2 - Historical net profit and non-recurring profit growth rates are presented, indicating fluctuations in profitability over the years [8] - The net profit and non-recurring profit have shown significant year-on-year changes, with projections indicating a continued decline in the coming years [9] - The company’s net profit and non-recurring profit have experienced quarterly variations, reflecting ongoing challenges in maintaining profitability [9]