港股詳情

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商湯-W

1.860

-0.020-1.06%

成交量：1.37億

成交額：2.55億

市值：751.89億

市盈率：-34.52

高：1.890

開：1.890

低：1.840

收：1.880

52周最高：2.940

52周最低：1.240

股本：404.24億

香港流通股本：404.24億

量比：1.10

換手率：0.34%

股息：- -

股息率：- -

每股收益(LYR):-0.054

淨資產收益率：-7.03%

總資產收益率：-5.74%

市淨率：2.49

市盈率(LYR):-34.52

市銷率: 13.25

資料載入中...

總覽公司新聞資訊公告

《大行》招銀國際升商湯科技(00020.HK)目標價至2.5元評級「買入」

阿斯达克财经

商湯：將發布AudioClaw及SenseAudio兩項AI語音方向成果

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商湯集團2025年營收突破50億元創歷史新高，下半年EBITDA首次轉正

人形機器人如何進家庭？商湯聯合創始人王曉剛：先經B端壓力測試，再向C端推廣

商湯－Ｗ(00020)出現大手買入110萬股，成交價$2.0，涉資220萬

阿斯达克财经

道指期貨升近400點港股初段續升逾300點 AI股受捧商湯(00020.HK)績後揚4.7% 迅策(03317.HK)急漲13%

阿斯达克财经

異動解讀 | 業績亮眼疊加Token經濟熱潮，商湯-W盤中大漲5.24%

港股延續高開態勢恒指升0.87% 洛陽鉬業(03993)漲6.69%

【灣區早參】港媒：清明假期，香港赴內地高鐵「一票難求」；今年到訪澳門旅客已逾千萬人次

概念股追蹤 | 中國日均Token調用量突破140萬億，全球大模型行業正在邁向「Token經濟」(附概念股)

商湯-W(00020)2025年權益持有人應占虧損按年減虧58.72%

商湯-W(00020)發布2025年業績：總收入超50億元生成式AI爆發式增長51%

商湯2025年總收入50.15億元，按年增長32.9%

老虎资讯综合

MiniMax長成了閆俊傑最需要警惕的樣子

商湯－Ｗ(00020)出現大手賣出150萬股，成交價$1.89，涉資283.5萬

阿斯达克财经

商湯徐立：加強中國化生態建設加速「十五五」AI規模化落地

凤凰网港股

科網股持續走低嗶哩嗶哩(09626)跌幅超5%

異動解讀 | 商湯-W盤中大跌5%，或因遭遇密集大手賣出

商湯－Ｗ(00020)出現大手賣出140萬股，成交價$1.96，涉資274.4萬

阿斯达克财经

下周備忘

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将在“2026全球开发者先锋大会”重点展示AI语音方向的内容，发布基于多模态大模型的智能应用商汤输入法AudioClaw及AI语音开放平台SenseAudio两项AI语音方向的重要成果，其中，AudioClaw融合语音输入、会议记录、内容改写及知识沉淀等能力，拓展语音交互在办公与沟通场景中的应用边界；SenseAudio面向开发者与企业，提供语音识别及语音合成等能力，并通过标准化API接口，支持高效接入与调用相关能力。","market":"sh","thumbnail":"https://plib.aastocks.com/aafnnews/image/medialib/20231123103149620_s.jpg","type":0,"news_type":0,"thumbnails":["https://plib.aastocks.com/aafnnews/image/medialib/20231123103149620_s.jpg"],"rights":{"source":"aastocks_highlight","url":"http://www.aastocks.com/tc/stocks/news/aafn-con/NOW.1512347/latest-news/AAFN","rn_cache_url":null,"directOrigin":true},"property":[],"language":"zh","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"http://www.aastocks.com/tc/stocks/news/aafn-con/NOW.1512347/latest-news/AAFN","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"1","news_top_title":null,"news_tag":"productRelease","news_rank":0,"length":0,"strategy_id":0,"source":"aastocks_highlight","symbols":["BK1109","BK1615","00020","BK1613","80020"],"gpt_icon":0},{"id":"1193388457","title":"商湯集團2025年營收突破50億元創歷史新高，下半年EBITDA首次轉正","url":"https://stock-news.laohu8.com/highlight/detail?id=1193388457","media":"美股速递","labels":["dataReport"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/1193388457?lang=zh_tw&edition=fundamental","pubTime":"2026-03-25 15:55","pubTimestamp":1774425307,"startTime":"0","endTime":"0","summary":"商汤集团在2025年实现营收超50亿元人民币，刷新历史最高纪录。值得关注的是，公司下半年EBITDA（税息折旧及摊销前利润）首次转为正值，标志着其盈利能力实现关键突破。\n这一业绩表现凸显了商汤在人工智能技术商业化落地方面的加速态势。营收规模的大幅增长与盈利指标的改善，共同印证了公司战略转型成效显著。","market":"us","thumbnail":"","type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"zh","translate_title":"","themeId":"","theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"2","news_top_title":null,"news_tag":"dataReport","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["BK1613","BK1615","80020","BK1109","00020"],"gpt_icon":0},{"id":"2622045098","title":"人形機器人如何進家庭？商湯聯合創始人王曉剛：先經B端壓力測試，再向C端推廣","url":"https://stock-news.laohu8.com/highlight/detail?id=2622045098","media":"睿见Economy","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2622045098?lang=zh_tw&edition=fundamental","pubTime":"2026-03-25 11:21","pubTimestamp":1774408860,"startTime":"0","endTime":"0","summary":"　　3月25日，博鳌亚洲论坛2026年年会于3月24日至27日在海南博鳌举行。在“人形机器人的进阶与飞跃”论坛上，商汤联合创始人、执行董事、大晓机器人董事长王晓刚出席并发表观点。　　谈及机器人进入家庭、职场和公共空间，怎样应对可能引发的物理安全、数据安全、伦理争议和责任认定等问题。","market":"hk","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"zh","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://finance.sina.com.cn/hy/hyjz/2026-03-25/doc-inhseiye3719920.shtml","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"sina","symbols":["BK1109","00020","80020","ROBO","BK1615","BK1613"],"gpt_icon":0},{"id":"2622043338","title":"商湯－Ｗ(00020)出現大手買入110萬股，成交價$2.0，涉資220萬","url":"https://stock-news.laohu8.com/highlight/detail?id=2622043338","media":"阿斯达克财经","labels":["shareholding"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2622043338?lang=zh_tw&edition=fundamental","pubTime":"2026-03-25 10:00","pubTimestamp":1774404000,"startTime":"0","endTime":"0","summary":"[大手成交]商汤－Ｗ(00020)在上午10:00出现大手买入，成交量为110万，成交价为港币$2.0，涉资220万。至目前为止，股价升4.712%，今日最高价为$2.02，而最低价为$1.95，总成交量为1.901亿股，总成交金额港币$3.789亿。","market":"fut","thumbnail":"https://plib.aastocks.com/aafnnews/image/medialib/20180815142908927_s.jpg","type":0,"news_type":0,"thumbnails":["https://plib.aastocks.com/aafnnews/image/medialib/20180815142908927_s.jpg"],"rights":{"source":"aastocks_highlight","url":"http://www.aastocks.com/tc/stocks/news/aamm-content/AAV2603255231/aamm-all-category","rn_cache_url":null,"directOrigin":true},"property":[],"language":"zh","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"http://www.aastocks.com/tc/stocks/news/aamm-content/AAV2603255231/aamm-all-category","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"1","news_top_title":null,"news_tag":"shareholding","news_rank":0,"length":0,"strategy_id":0,"source":"aastocks_highlight","symbols":["BK1615","BK1613","80020","00020","BK1109"],"gpt_icon":0},{"id":"2622048714","title":"道指期貨升近400點  港股初段續升逾300點  AI股受捧商湯(00020.HK)績後揚4.7%  迅策(03317.HK)急漲13%","url":"https://stock-news.laohu8.com/highlight/detail?id=2622048714","media":"阿斯达克财经","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2622048714?lang=zh_tw&edition=fundamental","pubTime":"2026-03-25 09:49","pubTimestamp":1774403340,"startTime":"0","endTime":"0","summary":"商汤-W现报2元，升4.71%，成交3.37亿元。经调整EBITDA亏损亦收窄至6.45亿元，上年同期亏损为31.16亿元。去年下半年EBITDA为3.76亿元，上市后首次转正。有“中国版PLTR”之称的内地大数据服务商迅策今早高开3.77%，初段升幅扩大，最高见159.2港元。迅策将于本周五公布业绩。MINIMAX-W现报1,071港元，升3.98%，成交5.01亿港元。相关内容《大行》摩根士丹利料MINIMAX-W迭代步伐正加快 评级“增持”智谱现报696港元，升6.26%，成交68.33万股，涉资4.75亿港元。","market":"fut","thumbnail":"https://plib.aastocks.com/aafnnews/image/medialib/20180917140404248_s.jpg","type":0,"news_type":0,"thumbnails":["https://plib.aastocks.com/aafnnews/image/medialib/20180917140404248_s.jpg"],"rights":{"source":"aastocks_highlight","url":"http://www.aastocks.com/tc/stocks/news/aafn-con/NOW.1512161/latest-news/AAFN","rn_cache_url":null,"directOrigin":true},"property":[],"language":"zh","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"http://www.aastocks.com/tc/stocks/news/aafn-con/NOW.1512161/latest-news/AAFN","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"1","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"aastocks_highlight","symbols":["FGBXmain","80020","00020","03317","BK1613","BK1155","BK1109","YMmain","BK1615"],"gpt_icon":1},{"id":"1130230794","title":"異動解讀 | 業績亮眼疊加Token經濟熱潮，商湯-W盤中大漲5.24%","url":"https://stock-news.laohu8.com/highlight/detail?id=1130230794","media":"异动解读","labels":["movement"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/1130230794?lang=zh_tw&edition=fundamental","pubTime":"2026-03-25 09:41","pubTimestamp":1774402866,"startTime":"0","endTime":"0","summary":"商汤-W今日盘中股价大幅拉升，涨幅达5.24%，市场关注度显著提升。财报显示，商汤2025年总收入达50.15亿元，同比增长32.9%；其中生成式AI业务收入为36.3亿元，同比大幅增长51%，占收入比重超过70%。数据显示，中国AI大模型的日均Token调用量已突破140万亿，全球大模型行业正迈向以Token计价为基础的“Token经济”新时代。商汤作为AI领域的领军企业，其临港AIDC算电协同平台等布局，使其直接受益于算力需求激增和行业商业化加速的宏观趋势。","market":"hk","thumbnail":"","type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"zh","translate_title":"","themeId":"","theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"1","news_top_title":null,"news_tag":"movement","news_rank":0,"length":0,"strategy_id":0,"source":"ai_movement_cn","symbols":["00020"],"gpt_icon":0},{"id":"2622010002","title":"港股延續高開態勢 恒指升0.87% 洛陽鉬業(03993)漲6.69%","url":"https://stock-news.laohu8.com/highlight/detail?id=2622010002","media":"金吾财讯","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2622010002?lang=zh_tw&edition=fundamental","pubTime":"2026-03-25 09:32","pubTimestamp":1774402362,"startTime":"0","endTime":"0","summary":"金吾财讯 | 港股延续高开态势，恒指升0.87%，国企指数高开0.71%，恒生科技指数高开0.99%。农夫山泉涨6.03%，公司公布截至2025年12月31日止年度之全年业绩。期内，集团收入280.26亿元，同比增长8.04%，此乃由于猪肉销量及肉制品的平均售价上升。期内，集团收入50.15亿元，同比增长32.94%。禾赛低开9.65%，公司发布公告，截至2025年12月31日止年度，公司普通股股东应占净利润4.36亿元，上年同期为亏损1.02亿元，同比扭亏为盈。","market":"other","thumbnail":"https://static.szfiu.com/news/20250106/ODE3MzYxNTg1NDgwMzI=.jpg","type":0,"news_type":0,"thumbnails":["https://static.szfiu.com/news/20250106/ODE3MzYxNTg1NDgwMzI=.jpg"],"rights":null,"property":[],"language":"zh","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"1977169","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"1","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["BK0012","BK1190","BK1589","BK1591","BK0056","BK1594","LU0359201612.USD","LU0359201885.HKD","MCHmain","HHImain","LU2213484517.USD","BK4585","NNFSF","OROVY","03993","WHGLY","603993","SG9999004311.SGD","00288","02833","09633","BK0188","LU2488822045.USD","BK1604","LU2580892862.HKD","LU0359202008.SGD","BK0182","LU1880383366.USD","00020","LU1770034418.SGD","BK1583","LU1481107354.HKD","LU1719994722.HKD","BK1592","BK0028","LU1303224171.USD","BK0183","600938","LU1023057109.AUD","SGXZ81163826.USD","LU1820825898.SGD","LU0164880469.USD","TTNDY","06862","BK0242","BK1233","LU1880383440.USD","BK1144","LU2580892789.USD","LU0149721374.USD","00316","01209","BK0196","SGXZ49509284.SGD","02525","LU1251922891.USD","00669","LU1146622755.USD","513600","BK4588"],"gpt_icon":1},{"id":"2622012619","title":"【灣區早參】港媒：清明假期，香港赴內地高鐵「一票難求」；今年到訪澳門旅客已逾千萬人次","url":"https://stock-news.laohu8.com/highlight/detail?id=2622012619","media":"金吾财讯","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2622012619?lang=zh_tw&edition=fundamental","pubTime":"2026-03-25 08:24","pubTimestamp":1774398246,"startTime":"0","endTime":"0","summary":"2、港媒：清明假期，香港赴内地高铁“一票难求”据香港“01”网报道，如在3月20日通过“中国铁路12306”手机应用程序抢购4月3日从香港出发至成都的车票，很快就看到各类车票售罄，只能购买候补票。","market":"us","thumbnail":"https://static.szfiu.com/news/20241108/ZTRlMTU1ZDUyYWE0NDQzMjc2MzgzOTI4MA==.png","type":0,"news_type":0,"thumbnails":["https://static.szfiu.com/news/20241108/ZTRlMTU1ZDUyYWE0NDQzMjc2MzgzOTI4MA==.png"],"rights":null,"property":[],"language":"zh","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"1977152","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["80020","BK1506","BK1583","BK1604","BK1603","00020","LU0541502299.USD","BK1615","00288","LU0039217434.USD","SG9999001226.SGD","BK1233","MCNHmain","SG9999001069.SGD","UCmain","HK0000352291.HKD","BK1109","LU0541501648.USD","LU0287142896.SGD","BK1536","SG9999002950.SGD","BK4588","BK1521","HK0000288784.HKD","HK0000288743.USD","BK1133","09633","BK1613","CNHmain","BK1589","SGXZ90724238.SGD","BK1591","LU0274383008.USD","BK1543","SG9999001051.SGD","BK4585","BK1237","LU1166156734.SGD","MUCmain","BK1200","CYB","06862","BK1610","HK0000352382.USD","LU0173614495.USD","00728","VIG","LU2488822045.USD","LU1981816686.USD","LU0702159699.USD"],"gpt_icon":0},{"id":"2622011173","title":"概念股追蹤 | 中國日均Token調用量突破140萬億，全球大模型行業正在邁向「Token經濟」(附概念股)","url":"https://stock-news.laohu8.com/highlight/detail?id=2622011173","media":"智通财经","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2622011173?lang=zh_tw&edition=fundamental","pubTime":"2026-03-25 07:14","pubTimestamp":1774394058,"startTime":"0","endTime":"0","summary":"刘烈宏指出，2024年年初，中国日均Token调用量为1000亿；到2025年底，跃升至100万亿；今年3月，已突破140万亿，两年增长超千倍。不少行业人士认为，全球大模型行业正在迈向“Token经济”，即大模型的价值不再只以前沿推理能力作为单一指标，而是加入“以Token计价”的商业经济指标。Token正在成为AI公司新的估值锚。2025年公司ARPU同比翻倍至559万元，营收增长103%，下半年经调整净利润已实现转正，业绩增长与Token放量高度同步。","market":"sh","thumbnail":"https://static.tigerbbs.com/dc6b349024c9e1ab5b9d5e7f56a0c3cf","type":0,"news_type":0,"thumbnails":["https://static.tigerbbs.com/dc6b349024c9e1ab5b9d5e7f56a0c3cf"],"rights":null,"property":[],"language":"zh","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"http://www.zhitongcaijing.com/content/detail/1418412.html","is_publish_highlight":true,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"stock_zhitongcaijing","symbols":["00100","03896","02513","BK1134","BK1109","BK1588","09888","VXUS","BK1585","BIDU","BK1155","00020","80020","BK1575","GDS","00700","BK1613","BK4585","BK4588","03317","BK1163","TCEHY","BK1607","09698","BK1615","09903"],"gpt_icon":0},{"id":"2621681099","title":"商湯-W(00020)2025年權益持有人應占虧損按年減虧58.72%","url":"https://stock-news.laohu8.com/highlight/detail?id=2621681099","media":"金吾财讯","labels":["shareholding"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2621681099?lang=zh_tw&edition=fundamental","pubTime":"2026-03-24 23:33","pubTimestamp":1774366422,"startTime":"0","endTime":"0","summary":"金吾财讯 | 商汤-W(00020)公告公布，截至2025年12月31日止年度之年度业绩。期内，公司权益持有人应占亏损17.66亿元(人民币，下同)，同比减亏58.72%；每股基本及摊薄亏损0.05元，去年同期为亏损0.13元。期内，集团收入50.15亿元，同比增长32.94%。","market":"fut","thumbnail":"https://static.szfiu.com/news/20250106/NzVmNzI2NGE4ZDk3NWFhOTZkNGE5Nzk4MDcyMTM1NjM3MTc0MDU=.jpg","type":0,"news_type":0,"thumbnails":["https://static.szfiu.com/news/20250106/NzVmNzI2NGE4ZDk3NWFhOTZkNGE5Nzk4MDcyMTM1NjM3MTc0MDU=.jpg"],"rights":null,"property":[],"language":"zh","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"1977150","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"1","news_top_title":null,"news_tag":"shareholding","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["00020","BK1613","80020","BK1109","BK1615"],"gpt_icon":0},{"id":"2621063016","title":"商湯-W(00020)發布2025年業績：總收入超50億元 生成式AI爆發式增長51%","url":"https://stock-news.laohu8.com/highlight/detail?id=2621063016","media":"智通财经","labels":["dataReport"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2621063016?lang=zh_tw&edition=fundamental","pubTime":"2026-03-24 18:12","pubTimestamp":1774347170,"startTime":"0","endTime":"0","summary":"智通财经APP获悉，3月24日，商汤-W(00020)发布2025年业绩公告，集团总收入超50亿元，贸易应收回款48.7亿元，创下双新高，生成式AI爆发式增长51%。全年净亏损大幅收窄58.6%，下半年EBITDA为3.8亿元，上市后首次转正。下半年集团经营性现金流自上市以来首次实现正向净流入。整体业绩表现超市场预期，公司成功从技术投入期迈向可持续的爆发增长期。此外第二季度将推出全新基础模型，实现效能与性价比的倍数级跃升，广泛赋能智能体AI应用。","market":"hk","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"zh","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"http://www.zhitongcaijing.com/content/detail/1418103.html","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"1","news_top_title":null,"news_tag":"dataReport","news_rank":0,"length":0,"strategy_id":0,"source":"stock_zhitongcaijing","symbols":["BK1613","00020","80020","BK1109","BK1615"],"gpt_icon":0},{"id":"1173373225","title":"商湯2025年總收入50.15億元，按年增長32.9%","url":"https://stock-news.laohu8.com/highlight/detail?id=1173373225","media":"老虎资讯综合","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/1173373225?lang=zh_tw&edition=fundamental","pubTime":"2026-03-24 17:54","pubTimestamp":1774346065,"startTime":"0","endTime":"0","summary":"3月24日，商汤在港公告，2025年度，本集团实现总收入人民币50.15亿元，同比增长32.9%，为近三年最快。2025年度，本集团实现净亏损同比收窄58.6%至人民币17.82亿元、经调整净亏损同比收窄54.3%至人民币19.56亿元，已经实现连续四个半年同比加速减亏；2025下半年EBITDA为人民币3.76亿元，上市后首次转正。","market":"hk","thumbnail":"https://static.tigerbbs.com/3b2be8352a2da2e1aeca513d0b204831","type":0,"news_type":0,"thumbnails":["https://static.tigerbbs.com/3b2be8352a2da2e1aeca513d0b204831"],"rights":null,"property":[],"language":"zh","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"","is_publish_highlight":true,"source_rank":0,"column":"","sentiment":"1","news_top_title":"商汤2025年总收入50.15亿元，同比增长32.9%","news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["00020"],"gpt_icon":0},{"id":"2621037754","title":"MiniMax長成了閆俊傑最需要警惕的樣子","url":"https://stock-news.laohu8.com/highlight/detail?id=2621037754","media":"蓝鲸财经","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2621037754?lang=zh_tw&edition=fundamental","pubTime":"2026-03-24 11:55","pubTimestamp":1774324507,"startTime":"0","endTime":"0","summary":"而这，正是MiniMax现在最微妙的地方。所以到了MiniMax，这几乎成了闫俊杰重新定方向时最先修正的一件事：大模型和产品必须同时发力，技术不能悬在半空里，必须落到用户能感知的产品上。这条路走到最用力的时候，MiniMax甚至像一家重新长在大模型上的互联网公司。到2025年前九个月，MiniMax面向个人用户的AI原生产品已经贡献了约71.1%的收入，第二大收入源甚至直接来自Talkie/星野的广告。","market":"hk","thumbnail":"","type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"zh","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://www.lanjinger.com/d/1774263586443863562","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"lanjinger_stock","symbols":["80020","BK1615","BK1613","BK1109","00020"],"gpt_icon":0},{"id":"2621372031","title":"商湯－Ｗ(00020)出現大手賣出150萬股，成交價$1.89，涉資283.5萬","url":"https://stock-news.laohu8.com/highlight/detail?id=2621372031","media":"阿斯达克财经","labels":["shareholding"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2621372031?lang=zh_tw&edition=fundamental","pubTime":"2026-03-24 09:35","pubTimestamp":1774316100,"startTime":"0","endTime":"0","summary":"[大手成交]商汤－Ｗ(00020)在上午09:35出现大手卖出，成交量为150万，成交价为港币$1.89，涉资283.5万。至目前为止，股价升1.604%，今日最高价为$1.92，而最低价为$1.89，总成交量为2.637千万股，总成交金额港币$5.02千万。","market":"other","thumbnail":"https://plib.aastocks.com/aafnnews/image/medialib/20180205145549237_s.jpg","type":0,"news_type":0,"thumbnails":["https://plib.aastocks.com/aafnnews/image/medialib/20180205145549237_s.jpg"],"rights":{"source":"aastocks_highlight","url":"http://www.aastocks.com/tc/stocks/news/aamm-content/AAV2603241667/aamm-all-category","rn_cache_url":null,"directOrigin":true},"property":[],"language":"zh","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"http://www.aastocks.com/tc/stocks/news/aamm-content/AAV2603241667/aamm-all-category","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"-1","news_top_title":null,"news_tag":"shareholding","news_rank":0,"length":0,"strategy_id":0,"source":"aastocks_highlight","symbols":["80020","BK1613","BK1615","BK1109","00020"],"gpt_icon":0},{"id":"2621057857","title":"商湯徐立：加強中國化生態建設 加速「十五五」AI規模化落地","url":"https://stock-news.laohu8.com/highlight/detail?id=2621057857","media":"凤凰网港股","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2621057857?lang=zh_tw&edition=fundamental","pubTime":"2026-03-23 20:27","pubTimestamp":1774268864,"startTime":"0","endTime":"0","summary":"商汤科技董事长兼首席执行官徐立出席3月19日在北京举办的“国家新发展 香港新机遇‘十五五’开局研讨会”时指出，香港在AI模型发展的原创性与前沿探索上具备优势，可凭借研发突破推动产业变革；其现代服务业也能针对AI发展所催生的新需求开拓机遇，打造新兴品牌。他表示，商汤将加大力度推进中国芯片适配，支持中国生态建设，助力AI规模化落地，并积极推动智能体经济发展。","market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"zh","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://finance.ifeng.com/c/8rjcYIcR6O6","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["00020","BK1109","BK1615","80020","BK1613"],"gpt_icon":0},{"id":"2621726868","title":"科網股持續走低 嗶哩嗶哩(09626)跌幅超5%","url":"https://stock-news.laohu8.com/highlight/detail?id=2621726868","media":"金吾财讯","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2621726868?lang=zh_tw&edition=fundamental","pubTime":"2026-03-23 11:06","pubTimestamp":1774235215,"startTime":"0","endTime":"0","summary":"金吾财讯 | 港股科网股开盘持续走低，哔哩哔哩(09626)、百度(09888)、商汤(00020)均跌超5%，华虹半导体(01347)、中芯国际(00981)京东健康(06618)等多只股份跌超4%。","market":"us","thumbnail":"https://static.szfiu.com/news/20250110/NmI5OTlmYjAxY2FmOGFlNWZkYjg2NDM0MTE4MzUwMDcw.jpg","type":0,"news_type":0,"thumbnails":["https://static.szfiu.com/news/20250110/NmI5OTlmYjAxY2FmOGFlNWZkYjg2NDM0MTE4MzUwMDcw.jpg"],"rights":null,"property":[],"language":"zh","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"1977011","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"-1","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["LU1303224171.USD","LU0096374516.USD","LU1064131003.USD","LU0259732245.USD","BK1608","BK4503","IE00B3M56506.USD","LU0080751232.USD","SG9999014898.SGD","SG9999015952.SGD","SGXZ81514606.USD","LU2237443465.HKD","BK4548","LU1810669033.SGD","LU0315178854.USD","LU2362540622.SGD","LU2097828631.EUR","SG9999001069.SGD","LU0456827905.SGD","LU2087589342.USD","LU0348735423.USD","SG9999001051.SGD","LU0516422440.USD","81810","LU0607220059.USD","LU0329678170.USD","LU0737861699.HKD","LU2362541273.HKD","LU0163747925.USD","BK1584","LU0197773673.USD","LU0231483743.USD","LU0359202008.SGD","BK1517","LU0431992006.USD","89888","LU1051769294.HKD","LU0084288322.USD","LU0823413587.USD","LU1720051017.SGD","IE0008368411.USD","LU1328277881.USD","LU0516422952.EUR","LU0823041008.USD","BK1249","LU0107464264.USD","LU1048596156.SGD","LU0315179316.USD","SG9999014906.USD","LU0106959298.USD","IE00B031HY20.USD","LU0348814723.USD","BK1610","LU0456846285.SGD","SG9999000459.SGD","SGXZ90724238.SGD","HK0000165453.HKD","LU1282651048.USD","LU1880383366.USD","LU1102505762.USD","LU1196710351.USD","LU1439103000.SGD","LU2237443978.SGD","LU1282648689.USD","BK4588","LU0878004406.USD","BK4513","LU1044876610.USD","LU0181495838.USD","LU0823038988.USD","METmain","LU0985320562.USD","LU1439102457.SGD","LU2476274720.SGD","LU1548497426.USD","IE00BMPRXN33.USD","LU2293587155.HKD","LU0048597586.USD","LU2778985437.USD","LU0630378429.USD","IE00B8L5B284.USD","LU0831103253.SGD","LU1008478684.HKD","LU0414403682.SGD","LU1718418525.SGD","SG9999001903.USD","LU2097829019.USD","688981","LU0320764599.SGD","BK1604","LU0588545730.USD","LU1814569148.SGD","LU2226246903.HKD","LU2357305700.SGD","LU0890818403.SGD","LU1880398471.USD","LU0675040207.SGD","LU0502904849.HKD","IE00B29SXG58.USD","LU1105468828.SGD","LU1770034418.SGD","LU0348783233.USD","LU0972618739.USD","IE0032834883.USD","LU0067412154.USD","LU1880398554.USD","BK1619","LU0164872284.USD","LU1224709979.USD","LU0130518102.USD","LU0264606111.USD","LU0149534421.HKD","LU0898667661.SGD","SGXZ31699556.SGD","KSTmain","HK0000320264.USD","HK0001040168.HKD","LU2125910849.SGD","LU2148510915.USD","LU0642271901.SGD","LU0588546209.SGD","BK1575","BK1586","BK4585","LU0762542818.HKD","LU0823413660.USD","LU0417516902.SGD","IE00BQXX3D17.EUR","BK1506","LU2177674079.SGD","LU1785774172.SGD","LU0561508036.HKD","LU1868838027.USD","LU0289960550.SGD","BK1523","BK4504","LU0143863784.USD","BK1591","LU1188198961.HKD","LU1226287529.USD","LU0608807946.USD","LU0047713382.USD","LU0328353924.USD","89618","LU1282651121.HKD","LU2152927971.USD","IE00BZ08YT58.USD","LU0880133367.SGD","LU0314109678.HKD","LU0868486357.SGD","SG9999001689.USD","688347","LU0329678337.USD","LU1655091459.SGD","LU0463099449.HKD","LU0572939691.SGD","LU1794554557.SGD","LU2237443549.SGD","HK0000352382.USD","BK1618","SG9999014914.USD","LU0577902454.USD","LU0345775950.USD","IE00BPRC5H50.USD","LU0700851271.USD","LU1235295612.USD","LU0345776255.USD","LU2023250504.SGD","LU0531971595.HKD","LU1568876251.USD","LU1481107354.HKD","LU0254981946.USD","BK1589","LU0588545904.SGD","LU2008162690.USD","LU1769817096.USD","LU0762541174.USD","LU0345769631.USD","LU0320764755.SGD","BK4566","LU0228367735.SGD","SG9999006514.SGD","LU0106252389.USD","LU0572944931.SGD","LU0441854154.USD","LU1688375341.USD","LU1568876335.HKD","LU0348783662.USD","BK1193","IE00BGV7N243.SGD","LU1993786604.SGD","LU2097828557.USD","LU1733274473.HKD","SG9999018857.SGD","LU2265009873.SGD","LU2257852520.SGD","LU0856984785.SGD","LU1642822792.SGD","LU0054237671.USD","LU0577902371.SGD","LU0651947912.USD","LU0871576103.HKD","LU1226288097.SGD","IE00B543WZ88.USD","LU0348805143.USD","LU0828237940.HKD","BK1516","LU0293314216.USD","LU0823397285.USD","LU0456842615.SGD","IE00B031HW06.USD","LU0320764243.SGD","LU0106259558.USD","LU0516422366.SGD","LU1044875133.USD","SG9999015945.SGD","LU1734074674.USD","LU1868837722.USD","IE00B97KM107.HKD","LU0823397103.USD","LU0594300419.USD","LU0229945570.USD","LU0211331839.USD","SG9999000418.SGD","IE0001KFT4U8.USD","IE00BQXX3C00.GBP","IE0032431581.USD","SG9999001093.SGD","LU0011963245.USD","LU0417516571.SGD","SGXZ51526630.SGD","BK1501","BK1588","LU0348784397.USD","LU1956131251.USD","BK4505","LU0072462343.USD","IE00B031J352.USD","LU1813983027.USD","LU0210533765.USD","LU0244354667.USD","IE0008368304.USD","LU1201861165.SGD","LU0130103400.USD","LU0543330566.HKD","BK15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10:07","pubTimestamp":1774231645,"startTime":"0","endTime":"0","summary":"商汤-W(00020)今日盘中股价大幅下挫，跌幅达到5.00%，引起了市场参与者的关注。消息面上，根据多则交易数据显示，该股在开盘后不久即遭遇了一系列密集的大手卖出交易。从盘初至上午时段，陆续出现了多笔成交量在数十万至数百万股之间的卖出订单，成交价格集中在1.90至1.96港元区间，这些大额卖单可能对股价形成了显著的向下压力。尽管同期也有少量大手买入交易出现，但卖盘力量明显占优。市场分析认为，短时间内集中出现的大量卖出指令，通常是导致股价快速下跌的直接技术性原因。投资者需关注后续是否有更多基本面或消息面的因素披露。","market":"hk","thumbnail":"","type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"zh","translate_title":"","themeId":"","theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"-1","news_top_title":null,"news_tag":"movement","news_rank":0,"length":0,"strategy_id":0,"source":"ai_movement_cn","symbols":["00020"],"gpt_icon":0},{"id":"2621472876","title":"商湯－Ｗ(00020)出現大手賣出140萬股，成交價$1.96，涉資274.4萬","url":"https://stock-news.laohu8.com/highlight/detail?id=2621472876","media":"阿斯达克财经","labels":["shareholding"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2621472876?lang=zh_tw&edition=fundamental","pubTime":"2026-03-23 09:30","pubTimestamp":1774229400,"startTime":"0","endTime":"0","summary":"[大手成交]商汤－Ｗ(00020)在上午09:30出现大手卖出，成交量为140万，成交价为港币$1.96，涉资274.4万。至目前为止，股价跌1.5%，今日最高价为$1.97，而最低价为$1.96，总成交量为397.5万股，总成交金额港币$782.332万。","market":"other","thumbnail":"https://plib.aastocks.com/aafnnews/image/medialib/20180126132514810_s.jpg","type":0,"news_type":0,"thumbnails":["https://plib.aastocks.com/aafnnews/image/medialib/20180126132514810_s.jpg"],"rights":{"source":"aastocks_highlight","url":"http://www.aastocks.com/tc/stocks/news/aamm-content/AAV26032339/aamm-all-category","rn_cache_url":null,"directOrigin":true},"property":[],"language":"zh","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"http://www.aastocks.com/tc/stocks/news/aamm-content/AAV26032339/aamm-all-category","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"-1","news_top_title":null,"news_tag":"shareholding","news_rank":0,"length":0,"strategy_id":0,"source":"aastocks_highlight","symbols":["80020","00020","BK1613","BK1615","BK1109"],"gpt_icon":0},{"id":"2620787821","title":"下周備忘","url":"https://stock-news.laohu8.com/highlight/detail?id=2620787821","media":"AASTOCKS","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2620787821?lang=zh_tw&edition=fundamental","pubTime":"2026-03-20 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