Market Overview - The market experienced a rebound with the Shanghai Composite Index and ChiNext Index rising over 1%, while the Shenzhen Component Index increased by more than 2% [1] - The space photovoltaic concept stocks surged, with companies like Dike Co. and Haiyou New Materials hitting the daily limit [1] - CPO and other computing hardware stocks continued their upward trend, with companies such as Robotec and Tiantong Co. also reaching the daily limit [1] - The commercial aerospace sector saw strong performance, with stocks like Aerospace Development and Aerospace Control hitting the daily limit [1] - Overall, more than 4,800 stocks in the Shanghai and Shenzhen markets were in the green, with a total trading volume of 2.56 trillion [1] Hot Topics Photovoltaics - The photovoltaic sector saw significant gains, with stocks like Shuangliang Energy, Aotemi, Lushan New Materials, and Foster hitting the daily limit [4] - Shuangliang Energy's stock price reached 10.10, with a rise of 10.02%, and a market capitalization of 18.925 billion [5] - Lushan New Materials' stock price increased by 10% to 26.51, with a market capitalization of 4.285 billion [6] - The demand for space photovoltaics is expected to grow significantly, with a market size potentially reaching hundreds of billions by 2030 [6] Aerospace - The aerospace sector rebounded sharply, with stocks like Juliyou and Runbei Aerospace hitting the daily limit [7] - SpaceX announced the acquisition of xAI, with a combined valuation expected to reach 1.25 trillion [7][8] - The domestic market is anticipated to enter the era of reusable rockets by 2026, with both commercial and state-owned companies advancing their projects [9] Optical Communication - The optical communication sector experienced a surge, with stocks like Hangdian Co. and Tiantong Co. hitting the daily limit [10] - Alphabet's stock reached a historical high, with expectations for strong fourth-quarter earnings [10] - The OCS project aims to standardize optical switching technology, with significant improvements in network performance reported [12] CPO Technology - CPO technology shipments are projected to scale up significantly from 2026 to 2027, with penetration rates expected to reach 50.6% by 2029 for 3.2T CPO [13]

Group 1: Market Overview - US manufacturing activity exceeded expectations, leading to a rebound in major US stock indices, with the S&P 500 rising by 0.54%, the Dow Jones by 1.05%, and the Nasdaq by 0.56% [1] - The Nasdaq Golden Dragon China Index fell by 0.65%, with notable declines in Chinese concept stocks such as Yilong Energy down by 90% and XPeng down by over 8% [3] Group 2: Company Performance - Apple shares rose approximately 4%, leading tech giants, while Google rebounded nearly 2% to reach a historical high; Nvidia, embroiled in OpenAI investment concerns, fell nearly 3% [2] - Palantir's performance and guidance exceeded expectations, leading to a post-market surge of over 8% [2] - NXP Semiconductors saw a decline of over 6% in after-hours trading due to disappointing automotive business revenue [2] Group 3: Industry Developments - SpaceX announced the acquisition of Elon Musk's AI company xAI [6] - Alphabet's Waymo completed a $16 billion financing round, resulting in a post-money valuation of $126 billion [10] - Samsung and SK Hynix plan to expand advanced NAND production capacity [8] Group 4: Economic Indicators - The US manufacturing index release caused US Treasury yields to reach daily highs, and the US dollar index accelerated to a one-week high [4] - Offshore RMB briefly rose above 6.94, nearing a three-year high [4] Group 5: Sector Insights - The lithium battery sector is witnessing significant advancements, with Tesla achieving large-scale production of dry electrode technology, which could reduce costs and energy consumption by 15% [14] - The ice and snow economy is projected to grow, with the 2024 ice and snow industry scale expected to reach 980 billion yuan, driven by policy support and major events [15] - The semiconductor industry is advancing with new technologies, such as the oxy-MOCVD technique, which enhances the production of two-dimensional semiconductors [18]

Group 1 - Waymo, a subsidiary of Alphabet, announced the completion of a $16 billion financing round, resulting in a post-money valuation of $126 billion [1] - Robotaxi, which supports L4/L5 autonomous driving technology, has commenced fully unmanned commercial operations in cities such as Beijing, Shenzhen, Shanghai, and San Francisco, with leading companies including Pony.ai, WeRide, RoboTaxi, Yuanrong Zhixing, and Waymo [1] - According to Guolian Minsheng, Robotaxi can significantly reduce accident rates by minimizing human error, enhancing safety, and is expected to reach a global market size of $100 billion by 2030 [1] Group 2 - On the supply side, key factors for the growth of Robotaxi include the reduction in hardware costs and improvements in operational efficiency [1] - The mass production of front-mounted Robotaxi is becoming a core driver for the industry's accelerated commercialization, transitioning from demonstration operations to large-scale implementation [1] - Tesla has entered the Robotaxi sector with a pure vision solution, acting as a new catalyst for the segment [1] Group 3 - In terms of company developments, Hengshuai Co. reported that its active perception cleaning products have been adapted for clients including Waymo, Meituan, and North American new energy customers [2] - Jingwei Hengrun identified major companies in the high-level intelligent driving overall solution business, including Waymo, Zoox, Pony.ai, TuSimple, and Mainline Technology [2]

| 发行价格 | 37.88元 | | --- | --- | | 简答率 | 0.02% 询价! | | 总市值 | 21.43亿 | | 发行市盈率 | 18.69 行业 | | 业务及亮点 | 1、公司是安徽省瓦楞纸和箱板纸生产龙头企业， | | | 35.65%。 | | | 2、深耕行业20余年，与合兴包装、建发股份、L | | | 系，位列全国造纸企业产量前30名。 | | | 3、募投项目投产后，原纸合计生产能力将从115 | | | 有望进一步提升。 | 2月3日新股缴款（共2只 | | | 电科蓝天(科创板,688 | | | --- | --- | --- | --- | | 发行价格 | 9.47元 | | | | 中签率 | 0.03% | | 询价! | | 总市值 | 148.0亿 | | | | 发行市盈率 | 56.79 | | 行业 | | 业务及亮点 | 1、 公司前身由中国电科十八所设立，中国电科为 | | | | | 务,是电科旗下电能源产业国家队。 | | | | | 2、公司是国内宇航电源领域绝对龙头，产品市场 | | | | | 深空，2025H1宇航电源收入占比 ...

特斯拉方面转帖称，干电极制造工艺可降低成本、能源消耗和工厂复杂性，同时显著提高可扩展性。 华福证券认为，干法工艺无需使用溶剂，省去干燥及溶剂回收过程，总成本下降15%；无溶剂可避免有 毒气体释放，降低CO₂排放；总制作时长较湿法减少16%-21%，且对溶剂敏感的固态电解质兼容性好， 适配厚电极技术，是固态电池优选方案。 目前干法工艺主要有六种，聚合物纤维化、干法喷涂沉积、气相沉积、热熔挤压、直接压制、3D打 印，其中聚合物纤维化及直接压制较适用于全固态电池制备，纤维化法是目前应用最广的固态电池干法 工艺，宁德使用该工艺制备的电极厚度可控在50-70μm，能量密度达320Wh/kg，较传统湿法提升约 15%，制造成本下降10%；从行业动向看，国内企业2025年基本建成或在建全固态电池中试线，2026年 左右启动装车测试，2027年实现小批量出货，干法工艺2026年将进入设备定点、定型的关键时期。 天风证券提到，干法工艺有望重塑锂电产业格局，成为固态电池重要增量环节，需22辊甚至更高辊数辊 压机配置；市场空间方面，2025年全球固态电池需求量预计达44.2GWh，干法工艺相关设备需求将随固 态电池扩产增长。 据智 ...

资料显示，2026年米兰-科尔蒂纳丹佩佐冬奥会将于2月6日至22日举行，中国代表团有望实现境外参赛 规模新突破，41位运动员将参与短道速滑、花样滑冰等四个冰上项目比拼。 回顾2022年北京冬奥会，中国队表现亮眼，短道速滑混合团体接力赛夺得首金，武大靖、任子威等选手 走红，苏翊鸣成为中国最年轻的冬奥冠军，谷爱凌的惊天逆转夺冠更是引发全民热潮。此外北京东奥会 开幕后，吉祥物"冰墩墩""雪容融"一夜爆红，迅速成为"顶流"，吉祥物周边产品不断售罄。 公司方面，据上市公司互动平台表示， 雪人集团：全球制冰设备行业的龙头企业，公司已完成了鸟巢冰壶馆、中华世纪坛滑冰馆，唐山南湖薰 衣草庄园冰场等多个冰雪项目的建设；与冰雪场馆建设运营商西姆科成立合资公司，加大在冰雪体育运 动和娱乐领域的业务拓展。 冰轮环境：公司主要从事低温冷冻设备、中央空调设备、节能制热设备及应用系统集成等，并广泛地被 应用于冰雪体育行业。 *免责声明：文章内容仅供参考，不构成投资建议 *风险提示：股市有风险，入市需谨慎 江海证券指出，北京冬奥热推动我国冰雪运动持续升温，2024年冰雪产业规模达9800亿元，同比增长 10.8%，预计2025年将突破1万亿 ...

Group 1 - The commercial company Energy Singularity announced a breakthrough in controlled nuclear fusion, achieving a stable long-pulse plasma operation of 1337 seconds during its 5755th experiment [1] - This marks the first time a commercial company has developed a nuclear fusion device capable of achieving a thousand-second level plasma current operation [1] - The success is attributed to the continuous optimization of AI-based plasma feedback control technology [1] Group 2 - Controlled nuclear fusion is seen as a key to unlocking "energy freedom," with abundant materials on Earth and zero pollution emissions [1] - The industry is transitioning from conceptual research to engineering and commercialization, with significant breakthroughs in high-temperature superconductors and hydrogen-boron fusion by private enterprises [1] - The period since 2026 is identified as a critical decade for controlled nuclear fusion, signaling the beginning of a trillion-dollar energy market [1] Group 3 - Companies involved in this sector include Bichuang Technology and Xue Ren Group [2]

公司方面，据中证报表示，主要有：南大光电、德尔未来等。 *免责声明：文章内容仅供参考，不构成投资建议 据中证报报道，南京大学-苏州实验室王欣然、李涛涛团队与东南大学王金兰团队合作，开发了全新的 氧辅助金属有机化学气相沉积（oxy-MOCVD）技术，解决了二维半导体量产化制备的动力学瓶颈。团 队在制备二维半导体的过程中创新设计材料生长结构，使前驱物反应速率提升约1000倍以上。该成果团 队2025年发表的"点石成晶"技术共同构建了"衬底工程 + 动力学调控"完整技术路线，为二维半导体量产 化提供核心支撑，为我国在下一代半导体技术竞争中构筑核心优势。 中证报指出，面对摩尔定律逼近物理极限的全球性挑战，具有原子级厚度的二维半导体是目前国际公认 的破局关键。二维半导体是当前半导体技术领域的前沿方向，其核心优势在于原子级厚度（单层或几层 原子构成），可突破硅基材料的物理极限，为后摩尔时代芯片发展提供新路径。二维-硅基混合架构闪 存芯片技术有望颠覆传统存储器体系，让通用型存储器取代多级分层存储架构，为人工智能、大数据等 前沿领域提供更高速、更低能耗的数据支撑，让二维闪存成为AI时代的标准存储方案。 *风险提示：股市有风险 ...

明日主题前瞻 1、低空经济 | 市场监管总局会同中央空管办，国家发展改革委等十部门联合发布《低空经济标准体系建设指南(2025年版)》，重点围绕低空航空器，低空基 础设施，低空空中交通管理，安全监管和应用场景五大核心领域，建立技术标准与管理规范融合，国内标准与国际规则融合，强制性标准与推荐性标准融 合，基础标准与场景标准融合的"四维融合"标准供给体系。 点评：中金公司认为，低空经济作为一种辐射带动作用强，产业链较长的综合经济形态，对经济社会发展具有较强的带动作用。工信部赛迪研究院预测， 2023年中国低空经济市场规模约为5060亿元，2026年市场规模有望达万亿元。随着低空经济相关政策环境的完善，以及相关发展规划的落地实施，我国低空 经济市场有望快速发展。 2、烟酰胺 | 公开数据显示，烟酰胺市场价格持续上涨。2月2日，烟酰胺报价为39.5元/千克，较2026年1月初价格上涨约14.5%。 点评：研究机构认为，烟酰胺凭借其营养强化和功能性特点，在食品，医药和化妆品三大领域实现了多元化应用。在食品行业，烟酰胺被广泛添加于谷物， 乳制品等日常食品中，以满足消费者对营养强化的需求；在化妆品领域，其卓越的抗衰老和美白 ...

Industry Overview - The price of niacinamide has been continuously rising, with a reported price of 39.5 yuan per kilogram on February 2, reflecting an increase of approximately 14.5% since early January 2026 [1] - Niacinamide is diversely applied in three major sectors: food, pharmaceuticals, and cosmetics, due to its nutritional enhancement and functional characteristics [1] - In the food industry, niacinamide is widely added to daily foods such as grains and dairy products to meet consumer demands for nutritional fortification [1] - In the cosmetics sector, its excellent anti-aging and whitening effects have made it a star ingredient in skincare products, included in high-end lines like serums and creams [1] - The pharmaceutical industry is seeing deepening applications of niacinamide in disease treatment and health care [1] - The market size for niacinamide is expanding, driven by global population aging trends and increasing consumer demand for health and beauty products [1] Company Insights - Brother Technology focuses on pharmaceutical food and specialty chemicals, with an annual production capacity of 8,000 tons for niacinamide products [2] - Baihe Co., Ltd. is a national high-tech enterprise specializing in the research, production, and sales of nutritional health foods, with its NMN products involving niacinamide [2]