Core Insights - The "space photovoltaic" concept has gained significant attention in the secondary market, largely influenced by Tesla CEO Elon Musk's endorsements [2] - The Wind Space Photovoltaic Index has risen by 19.83% over the past month, outperforming the Shanghai and Shenzhen 300 Index, which increased by 1.18% [2] - Several photovoltaic companies have experienced substantial stock price increases, with JunDa Co., Ltd. rising by 84.62% and Mingyang Smart Energy increasing by 60.22% in the last 20 days [2] Market Performance - The stock prices of companies like Dongfang Risen and Laplace have shown abnormal fluctuations, with price deviations exceeding 30% over consecutive trading days [3] - The space photovoltaic sector is characterized by its potential to harness solar energy in outer space, providing power to satellites and space stations [3] Industry Challenges - Despite the market enthusiasm, the commercialization of space photovoltaics faces significant uncertainties related to technology maturity and economic viability [4] - Industry insiders indicate that the application scenarios for space photovoltaics are still in the exploratory phase, with many companies not yet supplying products to commercial satellite firms [4] Technological Considerations - Current leading materials for space photovoltaics include gallium arsenide, which is costly at approximately 1000 RMB per watt, and perovskite, which faces stability issues in extreme space conditions [5] - The cost of electricity generated from space photovoltaics is estimated to be 2-3 USD per kilowatt-hour, significantly higher than the ground-based photovoltaic cost of 0.03-0.05 USD per kilowatt-hour [5] Future Outlook - Several A-share listed companies express optimism about the future of space photovoltaics, with potential market size reaching trillions as technology advances [5] - Companies like Trina Solar and HaiMuxing are actively collaborating with leading aerospace institutions to develop practical applications for space solar energy [5] - The commercialization of space photovoltaics is projected to gradually occur over the next 10 to 15 years as launch costs decrease and battery technologies improve [6]

证监会有关司局负责同志参加座谈。 来源｜证监会官网 为深入学习贯彻党的二十届四中全会有关部署和习近平总书记在省部级主要领导干部专题研讨班开班式 上的重要讲话精神，科学谋划"十五五"时期资本市场发展主要目标、战略任务和重点举措，1月30日证 监会党委书记、主席吴清在北京召开座谈会，与部分境内外上市公司代表深入交流，充分听取意见建 议。证监会党委委员、副主席李超参加座谈。 座谈中，大家围绕如何做好资本市场"十五五"规划、提高制度包容性适应性、提高上市公司质量和投资 价值等提出了具体意见建议。主要包括：持续优化发行上市制度规则，更好适配新兴产业、未来产业发 展和传统产业转型升级需求；提升上市公司再融资效率，更好激活并购重组市场活力；更大力度培育耐 心资本和推动中长期资金入市，更好匹配产业发展的长周期需求；完善上市公司分红回购和激励约束机 制，督促上市公司进一步提升规范运作和信息披露水平；加大对上市公司全球化发展的政策支持，助力 培育世界一流企业；等等。 吴清表示，证监会将全面、深刻、准确领会和把握党的二十届四中全会重要部署，加强对"十五五"时期 资本市场改革发展稳定重大问题的研究，把战略需要和实践可能统一起来，把市 ...

北京时间1月30日晚间，特朗普正式提名凯文·沃什接替鲍威尔，出任第17任美联储主席。 沃什2006年加入美联储，是当时最年轻的美联储理事。在美联储任职期间，沃什持鹰派货币政策立场， 但近年转向支持特朗普的关税政策及加快降息立场。 一图速览—— 第四级经 策划| 明智 制图|方舟 政治主张 沃什被市场认为是"鹰派中的温和派"。 他主张"缩表结合谨慎降息"的策略组合,通过 缩减7.7万亿美元的资产负债表规模(QT),为 降低联邦基金利率创造空间。 2025年12月,他在与特朗普的会面中承诺支持 降息,但其历史立场与当前的主张存在明显矛 盾。这种立场转变被市场解读为"为迎合特朗普 而做出的政治妥协"。 QE,大规模购债 2021年-2023年 抗通胀激进紧缩 2021年底启动Taper (缩减购债) 2022年3月开启加息周期,累计加息 525个基点 2022年6月启动量化紧缩,缩减资 产负债表 2024-2025年 政策转向宽松 2024年9月启动降息周期，2025 年9-12月三次降息累计75个基点 2025年12月1日结束缩表 市场预计,他可能支持特朗普政府对美联储进 行一系列改革。 制图 | "晓数点"工作 ...

Core Viewpoint - Baolide Holdings Group, once the largest private luxury car dealer in East China, is facing bankruptcy due to its inability to repay debts and insufficient assets to cover liabilities [5]. Company Overview - Baolide was founded in 2001 and is headquartered in Hangzhou, China, with Yu Haijun as its founder and chairman [6]. - The company has established partnerships with luxury car brands such as Mercedes-Benz, Audi, Jaguar Land Rover, Rolls-Royce, Lincoln, Aston Martin, and Porsche, serving nearly 500,000 customers and ranking among the top 25 in China's automotive dealer group [12]. Financial and Legal Issues - As of January 28, 2026, Baolide has multiple risk indicators, including 13 frozen equity records and a recent enforcement amount exceeding 10 million [8]. - The company has a total of 106 self-risk records, including 104 judicial lawsuits, and is classified as a high-risk entity with 30 high-risk records [9]. Operational Challenges - Since early 2024, Baolide has faced negative public sentiment, including delivery difficulties, layoffs, wage arrears, and store closures, leading to a trust crisis between consumers, dealers, and automotive brands [12]. - The company has been involved in incidents where customers could not register their vehicles, further exacerbating the operational crisis [12]. Bankruptcy Proceedings - On August 2025, Baolide filed for bankruptcy due to its inability to settle due debts, and the court accepted the application in September 2025 [5].

Core Viewpoint - The "space photovoltaic" concept has gained significant attention in the secondary market, largely influenced by Tesla CEO Elon Musk's endorsements, with the relevant index rising 19.83% in the past month, outperforming the CSI 300 index by 18.65% [1] Market Performance - The space photovoltaic concept index has seen a notable increase, with specific stocks like JunDa Co., Ltd. rising by 84.62%, Mingyang Smart Energy by 60.22%, and Jiejia Weichuang by 44.04% over the past 20 days [1] - Several photovoltaic companies have experienced stock price surges, triggering trading anomalies, such as Dongfang Risheng and Laplace, which saw price deviations exceeding 30% [3] Technology and Feasibility - Space photovoltaic energy involves utilizing solar photovoltaic technology in outer space to generate and supply energy, with the potential for direct power transmission to Earth [3] - The advantages of space photovoltaic systems include abundant sunlight and reduced atmospheric interference, making them a viable option for satellite power supply [3] Industry Challenges - Despite the market enthusiasm, the space photovoltaic industry faces significant uncertainties regarding technological maturity, long-term reliability, and economic viability for large-scale commercialization [4][5] - Current applications are still in the exploratory phase, with many companies not yet supplying products to commercial space satellite firms [5] Technological Development - Various technological routes are being explored, with gallium arsenide being the mainstream material, but its high cost poses challenges for large-scale deployment [5][6] - The cost of space photovoltaic energy is currently estimated at $2-3 per kilowatt-hour, significantly higher than ground-based photovoltaic costs of $0.03-0.05 per kilowatt-hour, indicating a need for cost reduction and efficiency improvements [6] Future Outlook - Companies like Trina Solar and HaiMuxing express optimism about the future of space photovoltaic technology, citing collaborations with leading aerospace institutions and advancements in reusable rocket technology [6][7] - The commercial viability of space photovoltaic systems is projected to develop over the next 10 to 15 years, contingent on decreasing launch costs and breakthroughs in battery technology [7]

新认定瞪羚企业505家，平均研发强度达25.8%，研发人员占比为45.2%，近五年融资超370亿元……1月 30日下午，《2025光谷瞪羚企业发展报告》（下称《报告》）发布了上述成绩。 糖智药业总经理曹雪峰告诉第一财经，就在上个月，公司完成了A+轮融资交割，总金额超过1亿元。 记者注意到，这家企业创始人王鹏的另一个身份是南方科技大学教授，主攻化学酶法合成生物学。《报 告》显示，部分光谷瞪羚企业脱胎于高校科研人员的成果转化，其核心技术深植于实验室长期积累的原 创科研成果。这些技术成果经过严谨理论验证与多轮实验迭代，不仅技术起点高，更具备扎实的研发根 基。同时，光谷瞪羚又结合市场需求，凭借"硬核技术+精准需求"双向赋能，快速打通"研发攻关-产品 落地一市场拓展"成长路线，实现高质量发展。 《报告》显示，505家光谷瞪羚企业实现营业收入177.1亿元，同比增长34.4%，高于全国高技术产业专 精特新"小巨人"企业近25个百分点；利润总额18.7亿元，利润率13.9%，是全国规上工业专精特新"小巨 人"企业利润率的近2倍。 过去一年，光谷瞪羚新增授权发明专利2714件，2043家光谷瞪羚合计拥有授权发明专利13500 ...

根据广东省统计局于1月30日公布的数据，2025年，广东实现地区生产总值145846.76亿元，比上年增长 3.9%。其中，第一产业增加值5891.80亿元，增长4.5%；第二产业增加值54993.50亿元，增长2.4%；第 三产业增加值84961.46亿元，增长4.7%。 广东经济总量连续37年稳居全国首位，占全国经济总量超十分之一，在全国经济格局中地位凸显。广东 服务业增加值、进出口总额、地方一般公共预算收入、市场经营主体、研发经费支出、区域创新综合能 力等多项指标继续稳居全国首位。 目前，广东规模以上工业企业数量达7.6万家，居全国第一，万亿元级产业集群不断发展壮大，20个产 业集群增加值占GDP比重31.7%，国家公布产量的104种工业产品中，广东在全国占比超过10%的有44 种、超过20%的有23种、超过30%的有11种。完备的产业链为广东建设现代化产业体系提供基础性支 撑。 广东省统计局分析称，广东因地制宜布局新质生产力，不断开辟发展新赛道、培育新增长点，现代化产 业体系构建步伐加快，新产业新业态新模式竞相涌现。其中，工业向高端化智能化转型。高技术制造 业、装备制造业增加值占规模以上工业比重分别为 ...

"真金白银"的全国财政数据对外披露，全国财政运行总体平稳。 1月30日，财政部召开2025年度财政收支情况新闻发布会，公开了2025年全国财政收支状况。 根据财政部数据，在收入方面，2025年，全国一般公共预算收入216045亿元，同比下降1.7%。全国政 府性基金预算收入57704亿元，同比下降7%。在支出方面，2025年，全国一般公共预算支出287395亿 元，同比增长1%。全国政府性基金预算支出112874亿元，同比增长11.3%。 财政部国库司副司长郑涌在上述会上表示，2025年财政收入总体平稳运行，重点支出保障有力。去年各 级财政部门实施更加积极的财政政策，持续用力、更加给力，加强国家重大战略任务和基本民生财力保 障，为完成全年经济社会发展主要目标任务提供有力支撑。 收入小幅下滑，略低于预期 受经济增长放缓、楼市土地市场低迷、物价低迷等多重因素影响，2025年全国财政收入出现小幅下滑。 2025年-全国一般公共预算收入增速同比下降1.7%，低于2025年初官方预期值（0.1%），也低于2024年 这一收入增速（1.3%）。 全国一般公共预算收入由税收收入和非税收入组成。根据财政部数据，2025年全国 ...

此外， 现货铂金进一步扩大跌幅，现跌逾16%，报2190.00美元/盎司。现货钯金现跌12%，报1741美元/ 盎司。 编辑 ｜ 钉钉 1月30日，现货黄金、白银大跌。截至发稿， 现货黄金跌超7%，跌破5000美元/盎司关口，现报 4987.051美元/盎司。 现货白银大跌17.6%，跌破96美元/盎司关口，报95.478 美元/盎司 。 ...

盘后数据显示，1月30日龙虎榜中，共45只个股出现了机构的身影，有24只股票呈现机构净买入，21只 股票呈现机构净卖出。 | 宏力达 | 16.90% | 1723.81 | | --- | --- | --- | | 杰普特 | 20.00% | 1634.63 | | 商络电子 | 3.13% | 1521.44 | | 黄河旋风 | -10.03% | 1456.48 | | 高层温州 | 10.01% | 1172.67 | | 电声股份 | 19.98% | 855.73 | | 世纪恒通 | 4.56% | 252.52 | | 美邦科技 | 2.76% | -273.53 | | 茂业商业 | 10.03% | -294.83 | | 准油股份 | -0.54% | -303.42 | | 中金岭南 | -9.94% | -644.82 | | 流金科技 | 0.77% | -872.12 | | 飞南资源 | -15.32% | -1144.58 | | 思看科技 | 20.00% | -1547.37 | | 科力股份 | -14.39% | -1563.03 | | 致尚科技 | 20.0 ...