吴宛忆 SAC:S0570524090005 SFC:BVN199 今日早参 2026 年 3 月 02 日 宏观：伊朗局势再升级的宏观影响 今日热点 宏观：2026 两会前瞻：扩内需与促创新 十四届全国人大四次会议和全国政协十四届四次会议将分别于 3 月 5 日和 3 月 4 日在北京召开。会议将确定 2026 年经济发展基调及宏观政策主要取向， 并公布今年经济增长目标、财政赤字等量化指标。本文就 2026 年两会潜在 看点做简要梳理。 风险提示：逆周期政策力度不及预期，地产周期再度下行拖累内需。 研报发布日期：2026-03-01 研究员 王洺硕 SAC:S0570525070003 SFC:BUP051 易峘 SAC:S0570520100005 SFC:AMH263 上周上海进一步调减住房限购政策，节后首周地产成交同比回升，一线城市 二手房成交改善明显。节后首周工地开复工率、劳务和资金到位率均好于去 年同期，或受气温较高的提振。百年建筑网统计全国工地开复工率约 8.9%， 高于去年同期的 7.4%，但仍弱于 24 年的 13%。外需方面，港口高频指标显 示 1-2 月出口维持较高景气度、国际运价亦回升 ...

（文章来源：每日经济新闻） 每经AI快讯，2月27日，港交所文件显示，中文在线集团股份有限公司向港交所提交上市申请书，独家 保荐人为花旗。 ...

飞鱼科技港股市值10.5亿港元，在互联网传媒行业中排名第34。主要指标见下表： 以上内容为证券之星据公开信息整理，由AI算法生成（网信算备310104345710301240019号），不构成 投资建议。 飞鱼科技(01022.HK)发布公告，预期本集团于截至2025年12月31日止年度可能取得除税后纯利介乎约人 民币8000万元至人民币1.2亿元，而于截至2024年12月31日止年度则为除税后亏损净额约人民币4610万 元。 截至2026年2月27日收盘，飞鱼科技(01022.HK)报收于0.64港元，上涨6.67%，成交量592.85万股，成交 额386.45万港元。投行对该股关注度不高，90天内无投行对其给出评级。 ...

受损股民可至新浪股民维权平台登记该公司维权：http://wq.finance.sina.com.cn/ 关注@新浪证券、微信关注新浪券商基金、百度搜索新浪股民维权、访问新浪财经客户端、 新浪财经首页都能找到我 近日，备受关注的股民诉深圳中青宝互动网络股份有限公司（简称：ST中青宝（维权），代码： 300052）证券虚假陈述案持续推进。曾代理投资者告赢130余家上市公司并获赔的浙江裕丰律师事务所 厉健律师表示，ST中青宝案索赔时效尚未届满，受损股民仍可索赔。（厉健律师专栏） 厉健律师接受中央电视台、新华社、证券时报、证券日报、中国证券报、人民法院报、第一财经等100 余家新闻媒体采访一千余篇（次）。执业证号：13301200210145176）】 案情回溯，2025年3月28日，ST中青宝公告收到证监会《行政处罚决定书》。公告显示，证监会查明中 青宝存在以下违法事实： 一、2019年至2021年年度报告存在虚假记载。 2019 年至2021年期间，宝腾互联与深圳市高德信通信股份有限公司（以下简称"高德信"）签订采购合 同，后与高德信介绍的深圳市圳通通信有限公司、深圳市盟邦科技有限公司、深圳市金利众智文化传播 ...

Core Insights - The annual analyst field survey during the Spring Festival reveals significant trends in China's economy, with a focus on consumer behavior and industrial developments [1] Consumer Insights - Service-oriented consumption has emerged as a key focus, with analysts noting a strong demand for service consumption during the Spring Festival, particularly in Shanghai, where logistics and service sectors thrived [3] - Observations from Jiangsu province indicate a structural upgrade in consumer behavior, shifting from product-centric to a balance of goods and services, with notable increases in prices and consumption levels in entertainment and dining [3] - The rise of new consumption patterns, such as KTV and cinema attendance, reflects a broader trend towards experiential and service-based spending [2][3] Industrial Insights - Analysts report a rise in new productive forces across various regions, with traditional industries undergoing significant upgrades [5] - In Dalian, the port's logistics advantages have fostered a traditional industrial cluster focused on petrochemicals and equipment manufacturing, with a shift towards refined production processes [5] - Shandong's industrial transformation is highlighted by significant investments in new energy storage technologies, indicating a growing focus on innovative industrial applications [6] Overseas Opportunities - Analysts emphasize the potential for Chinese companies to expand overseas, particularly in Southeast Asia, with Indonesia identified as a key market for Chinese enterprises [7] - The importance of localizing products for the Southeast Asian market is underscored, with successful examples like Mengniu and Mixue demonstrating effective market entry strategies [7] - Observations from Sydney indicate rising prices in consumer goods and housing, highlighting economic challenges in international markets [7]

来源：人民网-图片频道 5087 North vip.peopl . 47 com. cn Vip le er S S r vip.people.com.cn Vip r differ C ica MID vib bea 新品版 the first The Star ed 20 642 座 Vip 2026年2月17日，位于山西吉县与陕西宜川县交界处的黄河壶口瀑布景区游人如织。吕桂明摄（人民图 片网） ...

如今，冰雪旅游已成为冬日出行的新潮流，《中国冰雪旅游发展报告(2026)》显示，2025至2026年冬 季，中国冰雪旅游休闲人数预计将达到3.6亿人次，相关收入有望达到4500亿元。这场扎根东北的冰雪 盛会，正是这股全民冰雪热潮中最鲜活的缩影。 家门口的冰雪赛场，主打一个尽兴 "遇见死胡同，贴着一撇走就完事！加油加油，很快、很快！" 在冰雪新天地的"冰雪向前冲"闯关赛现场，嘉宾赵大牛举着话筒，大声给选手传授"雪迷宫"的通关秘 诀。话音刚落，选手就已经钻出迷宫，飞快奔向了下一个"战场"。 最终，他用时2分05秒，接连闯过冰梯呲溜滑、雪球迷宫战、推壶撞大运、冰车竞速赛、悬空闯冰关等 关卡，抡起鼓槌敲响了夺冠的铜锣。 米兰冬奥会赛场上，专业运动员正向着奖牌发起冲刺，千里之外的长春，另一场冰雪狂欢也在热火朝天 地展开。近日，为期三天的快手冬运会在长春冰雪新天地举办，这场集趣味比赛、创意晚会、民俗大集 于一体的冰雪盛会，把原本略显"高冷"的专业冰雪运动，变成了人人都能参与的快乐游戏。 凭借灵活的身手，这位来自东北的选手不仅创下了当天的最好成绩，还抱走了一份"沉甸甸"的奖品—— 30斤的大猪腿。他激动地说："不管成不成功 ...

Group 1 - The company has officially initiated the process for listing H shares on the Hong Kong Stock Exchange, with the board of directors approving the relevant proposal [1][2] - The announcement regarding the listing was made during the sixth board meeting held on December 15, 2025, indicating a significant step towards expanding the company's market presence [2]

Core Viewpoint - The traditional centralized model of Olympic broadcasting is evolving, with viewers shifting from television to mobile and interactive platforms, leading to changes in sponsorship and content delivery strategies [1][2][17]. Broadcasting Rights and Revenue - Broadcasting rights remain a crucial revenue source for the Olympics, with the Central Broadcasting Television Station (CCTV) and China Mobile Migu as the official broadcasters for the 2026 Winter Olympics [1][2]. - The partnership between CCTV and Migu highlights a clear copyright authorization chain, fostering competition in the market [5]. Content Delivery and User Engagement - Platforms like Migu are enhancing viewer experience by offering differentiated services such as smart viewing companions, real-time data visualization, and interactive features to attract audiences [5][6]. - Migu's business model includes ad-supported viewing options, with a subscription model allowing users to watch without ads for a fee [6][12]. Changes in Viewer Behavior - Non-rights holders like Kuaishou and Douyin are engaging audiences through social media interactions and content creation, despite lacking official broadcasting rights [13][14]. - The shift towards a multi-platform ecosystem indicates that Olympic viewership is no longer confined to traditional broadcasting, as attention is fragmented across various digital platforms [14][15]. Future Directions - The industry is moving beyond simple copyright competition to focus on building comprehensive content service systems that enhance user engagement and retention [14][17]. - The integration of AI technology is transforming viewer experiences from passive watching to immersive participation, suggesting a trend that may continue in future events [17].

Investment Rating - The report maintains a "Recommended" rating for the media industry [3] Core Insights - The current AI industry is catalyzing significant developments, with the recent "AI Red Packet War" marking a milestone in the commercialization of AI applications, particularly in C-end user engagement [5] - Major companies are competing for C-end traffic entry points, utilizing cash red packets to cultivate user habits and drive user acquisition for their AI assistant applications [5] - The integration of AI assistants with existing platforms is creating a new ecosystem, enhancing user experience and potentially validating commercial pathways for AI applications in various sectors [5] Summary by Sections Industry Overview - The report highlights the ongoing competition among major firms to capture C-end user traffic, emphasizing the importance of user habit cultivation through promotional activities [5] AI Application Development - The report suggests focusing on AI-enabled applications and related sectors, recommending companies such as Kuaishou-W, Worth Buying (AI + E-commerce), BlueFocus (AI + Marketing), Kunlun Wanwei (AI Applications), and Kaiying Network (AI + Gaming) [2] Market Performance - The report includes a performance comparison of the media sector against the CSI 300 index, indicating fluctuations in relative performance over time [4]