云知声站上500港元！继续持有or止盈离场？

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也宣布了加入这一阵列。这是继MiniMax、智谱等之后的又一国内知名AI公司谋划登陆港股。 然而，与其他多数AI创业公司陷入“技术投入高，收入变现弱”的困境循环一样，盛名之下的万兴科技赴港上市背后，底色并不算得上靓丽——销售费用大增却难换营收大增长，业绩持续亏损，还要持续大量烧钱搞研发与同行内卷，发展压力不是一般的大。 在这种业绩背景下，在AI巨头和AI独角兽遍布的港股市场上市，想要获得比A股更高的估值认可，难度可想而知。 不过，通过登陆港股，能再融一笔资金以解燃眉之急，同时多一个低成本融资和资本运作的途径，或许才是万兴科技比较在意的目的。 只是，它当下及未来所要面临的发展压力，并不会少多少。 01 亏损赴港上市的背后 公开资料显示，万兴科技成立于2003年，公司从最初的单一VCD刻录软件积累第一桶金，并逐渐成长为全球性数字创意解决方案提供商，并于2018年登陆深交所创业板。 目前该公司主要从事视频创意、绘图创意、文档创意、实用工具类软件产品与服务的研发、销售和运营，并打造了万兴喵影、万兴播爆、亿图脑图、亿图图示、SelfyzAI等明星产品，业务已覆盖全球200多个国家和地区，全球累计用户超15亿。 其中，视频创意类是公司核心业务板块，旗舰产品万兴喵影（Filmora）是一款面向新生代用户的视频编辑软件，它功能丰富，既包含基础剪辑功能，支持AI自动剪辑、智能配乐、绿幕抠像等创新功能，以及多机位编辑、平面追踪、关键帧路径曲线、主轨磁吸剪辑模式等高阶操作，在市场上有不小的知名度，一度","listText":"图片 2025年，A股赴港二次上市浪潮涌动，上半年就有近50家A股企业发布公告计划发行H股股票或已向港交所递交上市申请。 近日，被称为\"中国版Adobe\"的数字创意软件企业——万兴科技 <a href=\"https://laohu8.com/S/300624\">$万兴科技(300624)$</a> 也宣布了加入这一阵列。这是继MiniMax、智谱等之后的又一国内知名AI公司谋划登陆港股。 然而，与其他多数AI创业公司陷入“技术投入高，收入变现弱”的困境循环一样，盛名之下的万兴科技赴港上市背后，底色并不算得上靓丽——销售费用大增却难换营收大增长，业绩持续亏损，还要持续大量烧钱搞研发与同行内卷，发展压力不是一般的大。 在这种业绩背景下，在AI巨头和AI独角兽遍布的港股市场上市，想要获得比A股更高的估值认可，难度可想而知。 不过，通过登陆港股，能再融一笔资金以解燃眉之急，同时多一个低成本融资和资本运作的途径，或许才是万兴科技比较在意的目的。 只是，它当下及未来所要面临的发展压力，并不会少多少。 01 亏损赴港上市的背后 公开资料显示，万兴科技成立于2003年，公司从最初的单一VCD刻录软件积累第一桶金，并逐渐成长为全球性数字创意解决方案提供商，并于2018年登陆深交所创业板。 目前该公司主要从事视频创意、绘图创意、文档创意、实用工具类软件产品与服务的研发、销售和运营，并打造了万兴喵影、万兴播爆、亿图脑图、亿图图示、SelfyzAI等明星产品，业务已覆盖全球200多个国家和地区，全球累计用户超15亿。 其中，视频创意类是公司核心业务板块，旗舰产品万兴喵影（Filmora）是一款面向新生代用户的视频编辑软件，它功能丰富，既包含基础剪辑功能，支持AI自动剪辑、智能配乐、绿幕抠像等创新功能，以及多机位编辑、平面追踪、关键帧路径曲线、主轨磁吸剪辑模式等高阶操作，在市场上有不小的知名度，一度","text":"图片 2025年，A股赴港二次上市浪潮涌动，上半年就有近50家A股企业发布公告计划发行H股股票或已向港交所递交上市申请。 近日，被称为\"中国版Adobe\"的数字创意软件企业——万兴科技 $万兴科技(300624)$ 也宣布了加入这一阵列。这是继MiniMax、智谱等之后的又一国内知名AI公司谋划登陆港股。 然而，与其他多数AI创业公司陷入“技术投入高，收入变现弱”的困境循环一样，盛名之下的万兴科技赴港上市背后，底色并不算得上靓丽——销售费用大增却难换营收大增长，业绩持续亏损，还要持续大量烧钱搞研发与同行内卷，发展压力不是一般的大。 在这种业绩背景下，在AI巨头和AI独角兽遍布的港股市场上市，想要获得比A股更高的估值认可，难度可想而知。 不过，通过登陆港股，能再融一笔资金以解燃眉之急，同时多一个低成本融资和资本运作的途径，或许才是万兴科技比较在意的目的。 只是，它当下及未来所要面临的发展压力，并不会少多少。 01 亏损赴港上市的背后 公开资料显示，万兴科技成立于2003年，公司从最初的单一VCD刻录软件积累第一桶金，并逐渐成长为全球性数字创意解决方案提供商，并于2018年登陆深交所创业板。 目前该公司主要从事视频创意、绘图创意、文档创意、实用工具类软件产品与服务的研发、销售和运营，并打造了万兴喵影、万兴播爆、亿图脑图、亿图图示、SelfyzAI等明星产品，业务已覆盖全球200多个国家和地区，全球累计用户超15亿。 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href=\"https://laohu8.com/S/09678\">$云知声(09678)$</a> 575上车，还有希望嘛","text":"$云知声(09678)$ 575上车，还有希望嘛","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/456765384311584","isVote":1,"tweetType":1,"viewCount":3584,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":456719628157216,"gmtCreate":1752540708244,"gmtModify":1752542982072,"author":{"id":"4207835987435362","authorId":"4207835987435362","name":"壁虎炒股","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":9,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4207835987435362","idStr":"4207835987435362"},"themes":[],"title":"","htmlText":"<a href=\"https://laohu8.com/S/09678\">$云知声(09678)$ </a> ,答案是肯定的","listText":"<a href=\"https://laohu8.com/S/09678\">$云知声(09678)$ </a> ,答案是肯定的","text":"$云知声(09678)$ ,答案是肯定的","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/456719628157216","isVote":1,"tweetType":1,"viewCount":2777,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":456638510703256,"gmtCreate":1752507263656,"gmtModify":1752507265276,"author":{"id":"10000000000010490","authorId":"10000000000010490","name":"三藏大法师","avatar":"https://static.tigerbbs.com/0c5f20005843fcfdee4fc28ff79506cf","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"10000000000010490","idStr":"10000000000010490"},"themes":[],"title":"","htmlText":"不到10万股的成交量，就能拉10多个点。云知声这股流通股这么少，妥妥的韭菜股，流通股不到10万股，有点恐怖啊。 <a href=\"https://laohu8.com/S/09678\">$云知声(09678)$</a>","listText":"不到10万股的成交量，就能拉10多个点。云知声这股流通股这么少，妥妥的韭菜股，流通股不到10万股，有点恐怖啊。 <a href=\"https://laohu8.com/S/09678\">$云知声(09678)$</a>","text":"不到10万股的成交量，就能拉10多个点。云知声这股流通股这么少，妥妥的韭菜股，流通股不到10万股，有点恐怖啊。 $云知声(09678)$","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/456638510703256","isVote":1,"tweetType":1,"viewCount":3409,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":456638829564064,"gmtCreate":1752507204447,"gmtModify":1752507206327,"author":{"id":"10000000000010488","authorId":"10000000000010488","name":"欲山行","avatar":"https://static.tigerbbs.com/e460befb8b73628d17452d4795753dfd","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"10000000000010488","idStr":"10000000000010488"},"themes":[],"title":"","htmlText":"协和医院、格力都是它的客户，商业化做得相当不错。今天股价虽然跟着港股调整了，但AGI风口才刚开始，拿长线的兄弟别慌，等大模型放量。<a href=\"https://laohu8.com/S/09678\">$云知声(09678)$</a>","listText":"协和医院、格力都是它的客户，商业化做得相当不错。今天股价虽然跟着港股调整了，但AGI风口才刚开始，拿长线的兄弟别慌，等大模型放量。<a href=\"https://laohu8.com/S/09678\">$云知声(09678)$</a>","text":"协和医院、格力都是它的客户，商业化做得相当不错。今天股价虽然跟着港股调整了，但AGI风口才刚开始，拿长线的兄弟别慌，等大模型放量。$云知声(09678)$","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/456638829564064","isVote":1,"tweetType":1,"viewCount":3567,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":456501008105528,"gmtCreate":1752487528834,"gmtModify":1752487530392,"author":{"id":"3459462368857793","authorId":"3459462368857793","name":"一路走来cd","avatar":"https://static.tigerbbs.com/be085af43e85927a88d1e952e6e9afec","crmLevel":2,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3459462368857793","idStr":"3459462368857793"},"themes":[],"title":"","htmlText":"<a href=\"https://laohu8.com/S/09678\">$云知声(09678)$ </a> 高科技公司，但是不懂。 不懂不做，至少不重仓做是根本。站上500是好事","listText":"<a href=\"https://laohu8.com/S/09678\">$云知声(09678)$ </a> 高科技公司，但是不懂。 不懂不做，至少不重仓做是根本。站上500是好事","text":"$云知声(09678)$ 高科技公司，但是不懂。 不懂不做，至少不重仓做是根本。站上500是好事","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/456501008105528","isVote":1,"tweetType":1,"viewCount":2384,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":456465892663328,"gmtCreate":1752478705547,"gmtModify":1752485424774,"author":{"id":"4129795584139600","authorId":"4129795584139600","name":"遗落的美好","avatar":"https://static.tigerbbs.com/f0144298366ee583f541b59a904f58b7","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4129795584139600","idStr":"4129795584139600"},"themes":[],"title":"","htmlText":"<a href=\"https://laohu8.com/S/09678\">$云知声(09678)$</a>之前就觉得这股有潜力，今天直接飙到500港元，看来眼光没差，继续看好","listText":"<a 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512港元直接突破上市以来的前高463.8港元，MACD红柱持续放大，这波主升浪看来还没走完！","text":"$云知声(09678)$ 512港元直接突破上市以来的前高463.8港元，MACD红柱持续放大，这波主升浪看来还没走完！","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/456464270254288","isVote":1,"tweetType":1,"viewCount":3137,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":456462292550496,"gmtCreate":1752478297861,"gmtModify":1752485424869,"author":{"id":"59631324439100","authorId":"59631324439100","name":"waynesun","avatar":"https://static.tigerbbs.com/e38d7c3b388e5aa70fa0f73af80f23a2","crmLevel":7,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"59631324439100","idStr":"59631324439100"},"themes":[],"title":"","htmlText":"<a href=\"https://laohu8.com/S/09678\">$云知声(09678)$</a> 为啥不能做空？","listText":"<a href=\"https://laohu8.com/S/09678\">$云知声(09678)$</a> 为啥不能做空？","text":"$云知声(09678)$ 为啥不能做空？","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/456462292550496","isVote":1,"tweetType":1,"viewCount":3314,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":456462387512168,"gmtCreate":1752478189543,"gmtModify":1752485424899,"author":{"id":"3437211315837355","authorId":"3437211315837355","name":"Melvinice","avatar":"https://static.tigerbbs.com/d6a07e4e5031f5f6b6d949221547cf91","crmLevel":3,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3437211315837355","idStr":"3437211315837355"},"themes":[],"title":"","htmlText":"<a href=\"https://laohu8.com/S/02592\">$拨康视云－Ｂ(02592)$</a> 真的是人云亦云，此云与云知声，一个天一个地，一个良心一个狗肺╮(╯＿╰)╭","listText":"<a href=\"https://laohu8.com/S/02592\">$拨康视云－Ｂ(02592)$</a> 真的是人云亦云，此云与云知声，一个天一个地，一个良心一个狗肺╮(╯＿╰)╭","text":"$拨康视云－Ｂ(02592)$ 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港股首只纯AGI概念股，三年营收增速25%，医疗AI占比持续提升，赛道稀缺性拉满，有回调都是黄金坑。","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/456376986411328","isVote":1,"tweetType":1,"viewCount":3844,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":455111429279840,"gmtCreate":1752129448214,"gmtModify":1752485425090,"author":{"id":"4129245819787500","authorId":"4129245819787500","name":"散人逍遥游","avatar":"https://static.tigerbbs.com/1e8d507ee499664325f52bd0df9a4f68","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4129245819787500","idStr":"4129245819787500"},"themes":[],"title":"云知声大模型落地车企，实现离线智能交互","htmlText":"在智能汽车竞争白热化的当下，云知声传来好消息，其座舱端侧意图理解大模型成功落地国内知名新势力车企，为智能交互体验带来全新变革，实现了“离线也懂你”的卓越突破。 云知声的这一端侧大模型以自主研发的山海大模型为基础，借助先进蒸馏技术，将模型参数大幅压缩至0.5B。这一“瘦身”操作意义非凡，极大降低了对端侧设备硬件的要求。即便处于算力仅为30TOPS的8295平台，该模型依旧能够流畅运行，实测响应速度更是低至350ms，表现十分出色。 该模型具备的三大核心能力，为用户带来了前所未有的贴心体验。融合交互功能通过车内的OMS（乘员监测系统）和DMS（驾驶员监测系统），实现了“手势 + 语音”交互。想象一下，用户在行车过程中，只需指向车顶并说出“帮我打开这个”，天窗就能迅速开启，既保障了驾驶安全，又提供了便利。 模糊意图理解能力让车辆能够更精准地把握用户需求。在日常出行中，人们的指令往往并非那么精确，但该模型可以凭借强大的理解能力，准确执行任务，满足用户从细微到突发的各种需求。 边缘学习能力则是在本地存储用户个性化偏好。随着使用时间增长，车辆会越来越懂用户，为其打造专属的出行体验。 值得一提的是，云知声还构建起“端到端全链路防护体系”，严格遵循本地计算优先原则，非必要数据绝不联网，全方位保障用户的数据安全和隐私。 此次云知声大模型在车企的落地，不仅是技术的胜利，更是智能汽车发展的重要里程碑。它让智能交互不再受网络限制，为用户打造出更加流畅、安全、贴心的出行体验，推动智能汽车行业迈向新的高度。 <a href=\"https://laohu8.com/S/09678\">$云知声(09678)$</a>","listText":"在智能汽车竞争白热化的当下，云知声传来好消息，其座舱端侧意图理解大模型成功落地国内知名新势力车企，为智能交互体验带来全新变革，实现了“离线也懂你”的卓越突破。 云知声的这一端侧大模型以自主研发的山海大模型为基础，借助先进蒸馏技术，将模型参数大幅压缩至0.5B。这一“瘦身”操作意义非凡，极大降低了对端侧设备硬件的要求。即便处于算力仅为30TOPS的8295平台，该模型依旧能够流畅运行，实测响应速度更是低至350ms，表现十分出色。 该模型具备的三大核心能力，为用户带来了前所未有的贴心体验。融合交互功能通过车内的OMS（乘员监测系统）和DMS（驾驶员监测系统），实现了“手势 + 语音”交互。想象一下，用户在行车过程中，只需指向车顶并说出“帮我打开这个”，天窗就能迅速开启，既保障了驾驶安全，又提供了便利。 模糊意图理解能力让车辆能够更精准地把握用户需求。在日常出行中，人们的指令往往并非那么精确，但该模型可以凭借强大的理解能力，准确执行任务，满足用户从细微到突发的各种需求。 边缘学习能力则是在本地存储用户个性化偏好。随着使用时间增长，车辆会越来越懂用户，为其打造专属的出行体验。 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家电AI、智慧医疗、保险科技全布局，东方不亮西方亮，抗风险能力还是不错的，大盘行情也不是特别给力，再等等。","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/455041522864384","isVote":1,"tweetType":1,"viewCount":2392,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0}],"essenList":[]}