On February 10, the three major A-share indices rose collectively. At the close, the Shanghai Composite Index rose 0.56%, the Shenzhen Component Index rose 0.52%, the ChiNext Index rose 0.44%, and the Beijing Stock Exchange 50 Index rose 3.38%. The turnover of the whole market was 1,759.6 billion yuan, a decrease of 232.3 billion yuan from the previous day. More than 4,100 stocks rose in the market.

In terms of plate themes, the restructuring of armaments, DeepSeek, AI applications, computing power, film and television theaters, and retail sectors are among the top gainers; PEEK materials, banks, and photovoltaic sectors lagged behind.

On the disk, the concept of military restructuring stocks rose collectively today, Huaqiang Technology (688151), China Optics (002189), Dongan Power (600178), Great Wall Military Industry (601606), Hunan Tianyan (600698) daily limit. On the news side, Dongan Power (600178) announced that on February 9, 2025, the company received a notice from China Ordnance Equipment Group Co., Ltd., an indirect controlling shareholder, that Ordnance Group is planning a reorganization with other state-owned central enterprise groups.

DeepSeek concept stocks continued to be strong in recent days, Meige Intelligent (002881) 6 boards, Youkede (688158), Qingyun Technology (688316), Hangzhou Iron and Steel Co., Ltd. (600126), Montnets Technology (002123) 4 boards, daily interaction (300766) 5 days and 4 boards, Danghong Technology (688039), Anheng Information (688023), Wanda Information (300168), etc. have risen sharply. On the news side, QuestMobile data shows that DeepSeek surpassed Doubao in the number of daily active users (DAU) for the first time on January 28, and then exceeded the 30 million mark on February 1, becoming the fastest app in history to reach this milestone. In addition, China's three basic telecom companies have fully accessed the DeepSeek open source model.

Zhongtai Securities believes that the essence of DeepSeek is a phased breakthrough in the optimization of engineering technology in the face of "limited resources" such as GPU restrictions in the United States, which may have the following impact on the market: first, the decline in infrastructure demand such as computing power may bring about the revaluation of the value of U.S. stocks, second, the decline in computing power demand or accelerate the process of domestic substitution, and third, DeepSeek significantly reduces the cost of model training, or accelerates the landing of downstream terminals and the expansion of scenarios. It should be noted that DeepSeek brings more thematic and structural opportunities, rather than "aggregate" and "trend" opportunities under the "grand narrative". After the Spring Festival, as domestic policies and Trump tariffs begin to enter the landing period, the market may show the characteristics of "first suppressing and then rising" in February. It is expected that after mid-February, the market will ferment the policy expectations of the two sessions, bringing a new rebound. In terms of allocation, the current point in time still maintains the view that assets such as dividends, bond market, and gold of state-owned enterprises remain unchanged. In the coming month, technology stocks, especially consumer electronics and media in the middle and lower reaches, may be affected by Deep Seek or remain active.

The

education sector is nearing the end of the session, with Chuanzhi Education (003032) and Zhonggong Education (002607) hitting the daily limit, and All-Access Education (300359) and Guoxin Culture (600636) following suit.

In addition, Guangguang Media (300251) hit the limit again at the end of the day, leading the film and television theater sector to rise, and the AI medical sector also maintained a strong position. On the news side, according to the predicted box office data of Maoyan Professional Edition, "Nezha's Demon Boy in the Sea" is predicted to rise at the box office, and the latest forecast total box office will exceed 12.05 billion.

Photovoltaic concept stocks lagged behind today, with Sineng Electric (300827), Juhe Materials (688503), Daqo Energy (688303), and Sungrow Power Supply (300274) all falling to varying degrees.

Message plane

The central bank launched a 7-day reverse repurchase operation of 215 billion yuan today

The central bank announced that in order to maintain sufficient liquidity in the banking system, on February 10, 2025, the People's Bank of China launched a reverse repurchase operation of 215 billion yuan in the form of fixed interest rate and quantity bidding, with a period of 7 days and an operating interest rate of 1.50%.

Spot gold refreshes all-time highs

On February 10, spot gold stood at $2,890 per ounce, refreshing a record high, up 1% in the day and more than 10% in the year.

Tour groups from ASEAN countries can enter Xishuangbanna, Yunnan Province without a visa

The National Immigration Administration announced today that from now on, the visa-free policy for tour groups from ASEAN countries to enter Xishuangbanna, Yunnan Province will be implemented. Tour groups (2 or more) from 10 ASEAN countries, including Malaysia, Indonesia, Thailand, the Philippines, Singapore, Brunei, Vietnam, Laos, Myanmar and Cambodia, can enter and exit the whole group without a visa from Xishuangbanna Gasa International Airport, Mohan Railway Port and Mohan Highway Port, and the scope of activity is the administrative region of Xishuangbanna Prefecture, Yunnan Province, and the stay time does not exceed 6 days. According to the relevant person in charge of the National Immigration Administration, the policy is an important measure to expand independent opening up in an orderly manner and support Yunnan to build a radiation center for South Asia and Southeast Asia, which is of positive significance for promoting the development of the tourism industry in southwest China, promoting exchanges between Chinese and foreign personnel, and helping to deepen the China-ASEAN comprehensive strategic partnership. In the next step, the National Immigration Administration will continue to further promote the institutional opening up of the immigration management field, attract more foreigners to travel, trade and trade in China, continue to inject new momentum into the development of the inbound tourism market, and serve China's high-level opening up and high-quality development.

Meta develops non-invasive brain-computer technology

Meta CEO Mark Zuckerberg previously revealed that the company is developing a brain-computer technology that will allow users to input text directly through their brains in the future. According to the MIT Technology Review, the tech giant has actually succeeded in building a system that maps the user's brain signals into specific keyboard characters through AI models combined with specific hardware, with an accuracy rate of about 80%, that is, it can correctly determine which keys the user is "tapping". The device relies entirely on an external brain-computer to read the user's brain signals, without the need for implantation or other invasive manipulations.

Bean Bag: The video generation model "VideoWorld" can perceive the world only by visuals

The video generation experimental model "VideoWorld" was jointly proposed by the Doubao model team, Beijing Jiaotong University and University of Science and Technology of China. Different from mainstream multimodal models such as Sora, DALL-E, and Midjourney, VideoWorld is the first in the industry to realize the ability to understand the world without relying on language models. At present, the code and model of the project have been open-sourced.

Shanghai invested 500 million yuan to issue consumption vouchers

The Information Office of the Shanghai Municipal Government held a press briefing on February 10 to introduce the issuance of the 2025 "Happy Shanghai" service consumption vouchers. It is reported that this round of service consumption vouchers has invested 500 million yuan in municipal financial funds, and the fund allocation is: 360 million yuan for catering, 90 million yuan for tourism, 30 million yuan for movies, and 20 million yuan for sports. Consumers can sign up for the lottery of catering and tourism consumption vouchers as early as February 22, and all consumption vouchers will be cancelled from March 1 and will be issued in June.

Heytea will suspend the store franchise business

Heytea recently issued an internal email titled "Don't Participate in Digital Games and Scale Involution, Return to Users and Brands". Heytea said in the email that it refused to roll up the scale of the store and temporarily stopped accepting business partnership applications. The brand also said in an internal email that the new tea beverage industry is still in its early stages, and the industry's "digital game" has come to an end, and the meaningless price, revenue, and scale involution seriously consume users' love for new tea drinks. In 2025, the Heytea Party will continue to adhere to the principle of "not doing low-price involution" and not playing "number games".