本文字数：1148，阅读时长大约2分钟 作者 |第一财经 黄思瑜 2026.02.03 中信建投期货贵金属首席分析师王彦青则认为，目前还没有结束回调的信号。"应该还要震荡一段时 间，因为从回调到现在也就三天时间，还在波动过程中。"王彦青称。 相较沪金期货主力合约，沪银期货主力合约仍大幅下跌。对此，王彦青认为，沪银期货主力合约后续跌 幅大概率收窄，高波动不是常态。 程小勇也称，金银波动的特点和驱动不一样，回调的幅度也不一样。理由有三点：首先，去年白银整体 涨幅超过黄金，COMEX白银涨幅逼近130%，而COMEX黄金的涨幅为55.5%，涨幅过快就更容易引发 散户追涨，一旦价格出现调整，更容易引发极端恐慌；其次，黄金和白银上涨的共同驱动来源于货币宽 松下的投资需求，而白银上涨除了实物出现供应缺口之外，其货币属性和避险属性弱于黄金；再次，从 历史经验来看，无论是牛市还是熊市，白银波动率都远超黄金。 在经历大幅下跌后，国际金银价格在2月3日早盘反弹飘红，国内沪金期货主力合约也有所回弹，跌幅收 窄，但是沪银期货主力合约仍旧大幅下跌。 截至发稿，伦敦现货黄金价格从2月2日最低4402.06美元/盎司，回弹至4700美元/ ...

Core Insights - The article discusses the performance of ST stocks in the Chinese capital market, highlighting a significant number of companies facing delisting risks due to poor financial results [2][3]. Group 1: Performance of ST Stocks - As of February 2, 178 ST stocks were under risk warnings, with 176 having released earnings forecasts, indicating a trend of companies struggling to meet performance expectations [2][3]. - Only 24% of ST stocks reported improved performance, with 118 continuing to incur losses, while 93 stocks under delisting risk showed that 58 were expected to continue losing money [3][4]. Group 2: Major Losses and Financial Indicators - ST晨鸣 (000488.SZ) is projected to incur the largest loss, estimated between 8.2 billion to 8.8 billion yuan, marking its third consecutive year of losses totaling 16.9 billion yuan [3][4]. - ST柯利达 (603828.SH) anticipates a net loss of 160 million to 200 million yuan, a drastic decline of 1964.13% to 2430.16% compared to the previous year [4]. Group 3: Delisting Risks - Companies like *ST岩石 and *ST精伦 are at risk of delisting due to failing to meet financial criteria, with *ST岩石 expected to have an operating income below 300 million yuan [5][6]. - Several ST stocks are likely to receive non-standard audit opinions, which could further jeopardize their listing status, such as *ST观典 and *ST太和 [5][6]. Group 4: Recovery Efforts - Some ST stocks are attempting to turn around their fortunes through restructuring and asset sales, with *ST金科 (000656.SZ) projecting a net profit of 30 billion to 35 billion yuan for 2025 after a significant debt restructuring [7][8]. - *ST松发 is also expected to achieve a net profit of 2.4 billion to 2.7 billion yuan, following a major asset restructuring that shifted its business focus [8][9].

Group 1 - The core viewpoint is that domestic AI chip companies, particularly Cambricon, experienced significant stock price declines, with Cambricon's market value falling below 460 billion yuan [1] - Cambricon's stock price dropped over 13%, closing at 1,083.34 yuan, reflecting a decrease of 12.77% [2] - Other AI chip companies also faced declines, with Moer Technology down over 5% to 542.50 yuan, Huagong Information down over 3% to 247.40 yuan, and Muxi Co., Ltd. down 6% to 501.18 yuan [1][2]

自2026年2月2日起，该基金将对AG2604、AG2605、AG2606、AG2608、AG2610、AG2612等白银期货 合约的估值，参考估值日北京时间下午3点国际主要市场价格，相对于前一日同期的波动幅度进行合理 重估，以使基金资产估值更能反映国际市场价格变动。 2日晚间，国投瑞银白银LOF更新净值后显示，最新的单位净值为2.2494元，单日净值跌幅达31.5%，创 公募基金单日下跌历史纪录。 编辑｜心一 2月3日，国投白银LOF复牌再度跌停，报4.25元，溢价率为88.94%。 2月2日晚间，国投瑞银基金发布公告称，经与基金托管人协商一致，决定对旗下国投白银LOF基金持有 的白银期货合约估值方法进行调整。 ...

大型科网股集体下挫，快手跌超6%，百度集团、哔哩哔哩跌超5%，腾讯控股跌超4%，阿里巴巴、中芯 国际、美团均走低。 | 代码 | 名称 | 现价 | 涨跌 | 涨跌幅 | 成交额 | | --- | --- | --- | --- | --- | --- | | HSI | 恒生指数 | 26687.66 | -87.91 | -0.33% | 991亿 | | HSTECH 恒生科技 | | 5418.09 | -108.22 | -1.96% | 262亿 | | HSBIO | 恒生生物科技 | 14865.22 | 15.33 | 0.10% | 34亿 | | HSCEI | 恒生中国企业指数 | 9017.23 | -62.96 | -0.69% | 346亿 | | HSCI | 恒生综合指数 | 4074.93 | -18.94 | -0.46% | 617亿 | 2月3日，港股高开低走，截至发稿，恒生科技指数跌近2%，恒指同样转跌，现跌0.33%。 | 名称 | 现价 | 涨跌 | 涨跌幅 - | | --- | --- | --- | --- | | 快手-W | 72.300 | -4. ...

编辑：七三 2月3日早盘，寒武纪股价持续走低。截至 10:29 ，跌幅扩大至10%，总市值回落至5000亿下方。 ...

2月3日，白银价格持续反弹。截至09:34，现货白银涨幅扩大至8%，报85.5美元/盎司；纽约期银日内涨 超11%，现报85.60美元/盎司。 编辑：七三 ...

编辑｜钉钉 2月3日盘初，CPO概念股走势强劲，"易中天"集体上涨，截至发稿，天孚通信涨逾9%，中际旭创涨近 3%， 新易盛涨超1%。此外，罗博特科涨超17%，长芯博创涨超9%。 | 名称 | 现价 | 涨跌幅, | | --- | --- | --- | | 罗博特科 | 416.97 | 17.79% | | 长芯博创 | 167.60 | 9.19% | | 天孚通信 | 260.33 | 9.16% | | 光库科技 | 166.78 | 8.30% | | 太辰光 | 124.71 | 7.92% | | 德科立 | 179.20 | 6.63% | | 通宇通讯 | 50.98 | 6.19% | | 联特科技 | 222.09 | 5.97% | | 长光华芯 | 134.70 | 5.14% | | 锐捷网络 | 80.87 | 4.33% | | 华工科技 | 78.04 | 4.36% | | 剑桥科技 | 110.91 | 3.64% | | 光迅科技 | 71.65 | 3.66% | | 中际旭创 | 607.86 | 2.85% | | 仕佳光子 | 90.56 | 2.69% | ...

编辑：七三 2月3日，截至09:23，现货黄金日内涨幅扩大至4%，现报4847.82美元/盎司。 ...

Market Overview - The Hong Kong stock market opened higher on February 3, with the Hang Seng Index rising by 0.82% to 26,995.76 points [1][2] - The Hang Seng Technology Index increased by 0.68% to 5,563.79 points [1][2] Major Indices Performance - The Hang Seng BioTech Index rose by 0.90% to 14,983.75 points [2] - The Hang Seng China Enterprises Index increased by 0.59% to 9,133.88 points [2] - The Hang Seng Composite Index gained 0.88% to 4,130.06 points [2] Technology Sector - Major tech stocks rebounded, with NetEase rising over 3% to 205.00 [3] - Bilibili increased by over 2% to 265.00 [3] - Other notable gains included Ctrip Group, Alibaba, and Kuaishou, all showing positive movement [2][3] Semiconductor and Chip Stocks - Semiconductor stocks showed recovery, with Zhaoyi Innovation rising over 5% to 321.20 [4] - Huahong Semiconductor and Naxin Micro both increased by over 3% [4] - SMIC rose by over 1% to 73.20 [4] Gold Sector - Gold stocks experienced a broad increase, with Zhaojin Mining rising over 5% to 34.90 [5] - Other significant gains included Chifeng Jilong Gold and Zijin Mining International, both rising over 4% [5] - The overall trend in the gold sector indicates strong performance across multiple companies [5]