记者丨唐唯珂 编辑丨季媛媛 2026年开年首月，医用耗材价格治理进入全国联动落地期。 辽宁、青海、广东、浙江等多省份密集发布耗材调价、限价维护及采购规范政策，贵州亦启动相关政策征求意见，覆盖高值耗材、临床常用低 值耗材等多品类，政策落地节奏显著加快。 图源：资料图 多地同步发力，既是对国家耗材集采规则优化的落地响应，也标志着医用耗材全国一体化价格治理体系加速成型，行业正从区域价差套利转向 成本控制与创新驱动的高质量竞争阶段。 此次辽宁、广东等省份的跟进，进一步实现了政策从东部、西部向东北、华南等区域的全覆盖，全国同品同价的格局逐步形成，彻底堵死了企 业利用区域价差套利的传统路径。 1月30日，辽宁省公共资源交易中心率先发布2026年第五批耗材产品调价结果通知，打响开年耗材价格治理第一枪；青海跟进出台调价政策， 807个医用耗材产品价格当日起正式执行，实现调价政策即出即落；广东则明确195个集中带量采购中选耗材产品新价于2月2日起实施，精准落 地集采中选品种价格联动要求。 在限价管理方面，浙江聚焦带线锚钉类高值耗材，对挂网限价高于价格高线的非中选产品开展限价维护，直指高值耗材价格虚高问题；贵州则 于1月28日启 ...

2月4日，贵州茅台（600519）盘中一度上涨4%，股价重新站上1500元，为2025年9月15日以来首次。截至收盘，贵州茅台上涨3.4%，最新股价报1525元/ 股。 2月3日，步步高（002251）创始人、著名投资人段永平通过其雪球账号"大道无形我有型"发文表示，近日卖了一些神华（港股）换了一些茅台。他在雪球 上晒出自己的交易记录，1月27日买入贵州茅台约1亿元。 从股价看，1月29日贵州茅台迎来放量大涨，近5个交易日涨幅超12%。贵州茅台最新股价1524.18元，段永平这笔抄底茅台已经浮盈超1000万。 近期，贵州茅台官方微信公众号"小茅i茅台"发布消息称， 1月平台系统已成功拦截各类异常行为5.4亿次。 段永平表示："这个其实就是有人在用软件抢单，这会让普通老百姓很难抢到。技术上也许是有办法的，比如同一个人（iP）一个月内不能买两次……。 另外，要是一直抢的话（目前这个价位我估计会一年抢到头），茅台也许应该考虑每年温和涨价，比如每年涨个5-8%？ 茅台是有涨价能力的，以前这种 能力被价差和假货给侵蚀掉了。" | | Search 19:39 Mon Feb 2 | | | | | | --- | -- ...

2月4日晚，齐鲁银行（601665）发布2025年度业绩快报，经营效益稳步提升、资产负债稳健增长、资产质量稳中向好。 值得一提的是，在行业净息差普遍承压的背景下，齐鲁银行2025年净息差同比逆势上升2个基点，至1.53%。量价齐升之下，利息净收入同比大幅增长 16.48%至105.19亿元，成为推动营收与净利润增长的重要动力。 此前多家券商在年度展望中表示，行业净息差有望在2026年触底并逐步趋稳。而这一改善过程将更利好于负债基础扎实、活期存款占比高的大型银行，以及 部分存款成本改善空间较大的中小银行。 此外，截至2025年末，齐鲁银行不良贷款率1.05%，较上年末下降0.14个百分点；拨备覆盖率355.91%，较上年末提高33.53个百分点，主要资产质量指标连 续七年保持优化。 齐鲁银行成立于1996年，是全国首批、山东省首家成立的城市商业银行。2015年6月，齐鲁银行挂牌新三板；2018年开启转A之路；于2021年6月18日完成上 市，成为新三板首家成功登陆主板的银行。 齐鲁银行在业绩快报中表示，2025年，该行按照"稳中求进、以进促稳，改革转型、协同发力，守正创新、强基固本"的总体工作思路，持续夯实发展 ...

另有广发证券内部人士向南方财经记者表示，近期，沈明高近期还会正常参加内部投研活动。 近日，有消息称，证券从业系统已查不到广发全球首席经济学家、产业研究院院长沈明高相关信息，引 起猜测。 对此，2月4日，广发证券（000776）方面向南方财经记者表示，沈明高博士自2026年2月起到达法定退 休年龄，不再担任公司全球首席经济学家、产业研究院院长职务，并非传闻的"离职"。 2017年6月，沈明高正式加入广发证券，出任全球首席经济学家，并领导产业研究院。2019年至2021年 间，他还曾兼任广发控股（香港）有限公司总经理。 沈明高长期从事宏观经济、发展经济学及金融市场研究。近期，他在接受采访时提到，广东作为市场化 改革走在前列的省份，在产业体系、外贸结构、金融支持体系方面具备基础优势。"十五五"时期广东可 以充分利用三大优势，即区位优势、产业应用场景优势以及地方政府负债率相对较低的优势，在"十五 五"期间为实现增长动能转换、创新角色转换走在全球前列。 沈明高出生于1965年，公开履历显示，他拥有扎实的学术积淀与丰富的业界从业经历。教育背景方面， 1985年，他获得南京农业大学农业经济学士，1988年获得中国社会科学院 ...

Core Viewpoint - On February 4, the Shanghai Composite Index rose by 0.85%, while the Shenzhen Component Index increased by 0.21%, and the ChiNext Index fell by 0.4%. Notably, 52 stocks appeared on the daily trading list, with significant net inflows into Silver Wheel Co., Ltd. (002126.SZ) amounting to 237 million yuan [1][2]. Group 1: Stock Performance - Silver Wheel Co., Ltd. saw the highest net buying amount of 237 million yuan, accounting for 9.16% of the total trading volume, and closed up by 10.01% with a turnover rate of 7.56% [2][4]. - The stock with the highest net outflow was GCL-Poly Energy Holdings Limited (002506.SZ), which experienced a net selling of 421 million yuan, representing 7.83% of the total trading volume, and closed up by 9.88% with a turnover rate of 25.1% [4][5]. Group 2: Institutional Activity - On February 4, 34 stocks on the trading list had institutional participation, with institutions collectively net selling 601 million yuan. Specifically, 13 stocks were net bought, while 21 stocks were net sold [5][6]. - The stock with the highest institutional net buying was China International Marine Containers (Group) Co., Ltd. (000039.SZ), which closed up by 10.03% with a turnover rate of 7.25% [6]. Group 3: Northbound Capital - Northbound capital participated in 28 stocks on the trading list, with a total net outflow of 680 million yuan. The net buying was concentrated in Zhejiang Wenlian (600986.SH) with a net inflow of 139 million yuan, while the highest net outflow was from Silver Mining Co., Ltd. (601212.SH) at 182 million yuan [11][12]. Group 4: Divergence in Institutional and Northbound Capital - There were notable divergences between institutional and northbound capital in several stocks. For instance, Silver Wheel Co., Ltd. saw institutional net selling of 51 million yuan while northbound capital net bought 86 million yuan [14][15].

21世纪经济报道记者曹恩惠上海报道 2025年累计发电装机容量38.9亿千瓦、全社会用电量首次突破10万亿千瓦时，当中国交出上述年度发用 电成绩单时，一种观点引发热议："中国发电能力将左右未来AI竞争力"。 特斯拉首席执行官埃隆.马斯克日前在达沃斯世界经济论坛的言论仍然"余音绕梁"：他称，电力供应能 力是制约美国人工智能发展的最大瓶颈，而这是竞争对手中国无需应对的问题。 AI的尽头是算力，算力的尽头是电力。当业内越来越认同这逻辑时，这意味着电力供应能力已然成为 全球AI竞争的"胜负手"。 解构10万亿度用电新增量 国家能源局2026年1月公布的统计数据显示，2025年度中国全社会用电量高达约10.37万亿千瓦时，同比 增长5.0%。对此，中国电力企业联合会日前发布的《2025-2026年度全国电力供需形势分析预测报告》 指出，前述用电规模超过美国全年用电量的两倍，高于欧盟、俄罗斯、印度、日本全年全社会用电量的 总和，稳居全球电力消费第一大国地位。 那么，上述10万亿度用电背后有何亮点？ 从中国全社会用电结构上看，第二产业稳居用电基本盘——2025年用电量约6.64万亿千瓦时，同比增长 3.7%，占比高达64% ...

Group 1 - The core point of the article is that the controlling shareholder of the company, Xinlitai Pharmaceutical Co., Ltd., has notified the company about the release of part of its pledged shares, specifically 43 million shares [1] - The related procedures for the release of the pledged shares have been completed at the China Securities Depository and Clearing Corporation [1] - This action may indicate a positive development for the company, as it reflects the controlling shareholder's confidence in the company's future [1]

Group 1 - The core viewpoint of the article highlights the rapid growth in demand for dust-free cloth in downstream industries, presenting a favorable opportunity for the sales and development of dust-free fabrics [1] - The company indicates that there is still room for improvement in product gross margin from the perspectives of product positioning and yield rate [1] - The company has reserved land for future development at its Anhui production base and has prepared for capacity expansion with a transitional solution in place [1]

Core Viewpoint - The company, 聚杰微纤, has accumulated capital operation experience since its listing and is in a strong financial position to actively engage in industrial capital operations [1] Group 1: Financial Position and Strategy - The company plans to participate more actively in capital operations due to its good financial condition [1] - Future strategies will focus on high-performance materials and new material applications [1] - The company aims to expand its main business by exploring upstream and downstream related fields [1] Group 2: Acquisition Plans - The company intends to moderately engage in acquisition projects as part of its growth strategy [1]

Group 1 - The core point of the news is that Shen Minggao, the global chief economist and head of the industry research institute at GF Securities, is reaching the legal retirement age in February 2026 and will no longer hold his positions, but he is not leaving the company as rumored [1] - GF Securities confirmed that Shen Minggao will continue to participate in internal research activities in the near future [1] - Shen Minggao has a strong academic background and extensive industry experience, having previously held significant positions at Peking University and Citigroup before joining GF Securities in June 2017 [1] Group 2 - Shen Minggao has been engaged in macroeconomic, development economics, and financial market research, highlighting Guangdong's advantages in market-oriented reforms, including location, industrial application scenarios, and relatively low local government debt [2] - During the 14th Five-Year Plan period, Guangdong is expected to leverage its three advantages to lead in the transformation of growth momentum and innovation on a global scale [2]