中資科網股今早(16日)向上，阿里巴巴(09988.HK) +0.600 (+0.442%) Short selling $1.72B; Ratio 15.118% 股價彈高4.6%報134.5元，騰訊(00700.HK) -6.500 (-1.257%) Short selling $1.23B; Ratio 17.483% 揚2.8%報513元，百度(09888.HK) -1.400 (-1.135%) Short selling $262.15M; Ratio 29.017% 彈高8.4%，網易(09999.HK) -4.300 (-2.304%) Short selling $144.02M; Ratio 19.662% 走高4.6%。富瑞發表中國科網股報告表示，對中國互聯網與科技行業首季業績作出預覽，料AI驅動雲收入加速，物流與電商表現超預期。該行過去兩周分析約20家不同產業公司的業績前瞻料，雲端服務供應商(CSP)表現優於預期；各垂直領域進展符合或超出預期；物流行業受惠於「反內捲」趨勢及強勁執行力；網上購物與娛樂業務大致符合預測。該行估計，正面驚喜包括百度(09888.HK) -1.400 (-1.135%) Short selling $262.15M; Ratio 29.017% 智能雲基礎設施收入超出預期，以及京東(09618.HK) -1.200 (-0.969%) Short selling $291.99M; Ratio 27.165% 與京東物流(02618.HK) -0.080 (-0.502%) Short selling $55.73M; Ratio 27.754% 第一季盈利表現優於預期。該行維持對各子行業的偏好與排名順序。該行料百度AI雲基礎設施收入預計按年增長超過40%，顯著高於市場共識。阿里雲收入亦預計按年增長40%，受益於AI需求激增與Token消耗上升。金山雲(03896.HK) +0.010 (+0.108%) Short selling $37.38M; Ratio 5.357% 全年展望上調，騰訊雲收入加速。中資雲端服務供應商因供給緊張與需求旺盛，本周將調漲價格。AI實驗室方面，MiniMax(00100.HK) -41.500 (-4.609%) Short selling $116.97M; Ratio 17.130% 與智譜(02513.HK) +8.000 (+0.906%) Short selling $27.92M; Ratio 3.675% 均展現強勁增長。該行表示行業股票偏好：阿里巴巴及騰訊(00700.HK) -6.500 (-1.257%) Short selling $1.23B; Ratio 17.483% 是行業首選，其次是百度、京東、MiniMax、金山雲、網易(09999.HK) -4.300 (-2.304%) Short selling $144.02M; Ratio 19.662% 、快手(01024.HK) -0.600 (-1.275%) Short selling $208.30M; Ratio 16.354% 、嗶哩嗶哩(09626.HK) -4.200 (-2.108%) Short selling $52.14M; Ratio 12.264% 、美團(03690.HK) -2.250 (-2.535%) Short selling $1.17B; Ratio 29.135% 、京東物流、中通快遞(02057.HK) -3.900 (-1.964%) Short selling $122.89M; Ratio 44.125% 、極兔(01519.HK) -0.070 (-0.662%) Short selling $5.06M; Ratio 3.114% 、攜程(09961.HK) -2.600 (-0.604%) Short selling $45.77M; Ratio 6.900% 、同程(00780.HK) -0.310 (-1.615%) Short selling $26.88M; Ratio 27.924% 、華住(01179.HK) +0.720 (+1.697%) Short selling $13.60M; Ratio 14.293% 、阿朵(ATAT.US) 、拼多多(PDD.US) 、BOSS直聘-W(02076.HK) -0.600 (-1.078%) Short selling $484.48K; Ratio 4.091% 、滿幫(YMM.US) 、貝殼-W(02423.HK) -0.760 (-1.765%) Short selling $157.89M; Ratio 39.306% 、唯品會(VIPS.US) 、美圖(01357.HK) -0.040 (-0.857%) Short selling $61.59M; Ratio 28.070% 、歡聚(JOYY.US) 、順豐同城(09699.HK) -0.120 (-1.053%) Short selling $718.86K; Ratio 5.817% 、大麥娛樂(01060.HK) -0.020 (-3.175%) Short selling $13.78M; Ratio 17.554% 、騰訊音樂(01698.HK) -0.100 (-0.251%) Short selling $7.53M; Ratio 13.452% 、網易雲音樂(09899.HK) -2.800 (-2.191%) Short selling $19.03M; Ratio 18.425% 、奇富科技(QFIN.US) 。(wl/j)(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-04-17 16:25.) (Real-time Streaming US Stocks Quote; Except All OTC quotes are at least 15 minutes delayed.)