Core Insights - Keli Co., Ltd. (stock code: 920088) experienced significant trading activity on February 3, 2026, with a turnover rate of 30.38% and a trading volume of 9.6556 million shares, amounting to a transaction value of 417 million yuan [1][2]. Trading Activity - The top buying seat was an institutional account, purchasing shares worth approximately 12.75 million yuan [1][2]. - The top selling seat was Guosen Securities Co., Ltd.'s Shenzhen Internet branch, selling shares worth approximately 36.10 million yuan [1][2]. - Other notable trading activities included purchases from various securities firms, with significant sell amounts from Guosen Securities and Dongfang Caifu Securities [2].

Market Overview - The oil service engineering sector experienced a significant decline of 7.68% on February 2, with Keli Co., Ltd. leading the drop [1] - The Shanghai Composite Index closed at 4015.75, down 2.48%, while the Shenzhen Component Index closed at 13824.35, down 2.69% [1] Individual Stock Performance - Keli Co., Ltd. (stock code: 920088) saw a closing price of 42.50, down 17.95% with a trading volume of 107,400 shares and a transaction value of 472 million [1] - Tongyuan Petroleum (stock code: 300164) closed at 11.05, down 14.21%, with a trading volume of 2,407,900 shares and a transaction value of 2.698 billion [1] - Potential Energy Holdings (stock code: 300191) closed at 27.31, down 12.83%, with a trading volume of 369,800 shares and a transaction value of 1.038 billion [1] - Other notable declines include Zhongman Petroleum (down 10.00%), Zhun Oil Co., Ltd. (down 9.98%), and PetroChina Oilfield Services (down 9.97%) [1] Capital Flow Analysis - The oil service engineering sector experienced a net outflow of 752 million from institutional investors and 157 million from speculative funds, while retail investors saw a net inflow of 909 million [1] - Specific stocks such as Keli Co., Ltd. had a net outflow of 543.96 million from institutional investors, indicating significant selling pressure [2] - Other stocks like PetroChina Oilfield Services and Beiken Energy also faced substantial net outflows from institutional and speculative investors, while retail investors showed interest in these stocks [2]

（记者 曾健辉） 免责声明：本文内容与数据仅供参考，不构成投资建议，使用前核实。据此操作，风险自担。 每日经济新闻 每经讯，2026年2月2日，北交所上市公司科力股份（920088，收盘价：42.5元）登上龙虎榜，交易方式是连续竞价，披露原因是 当日换手率达到33.78%，成交数量1073.54万股，成交金额4.72亿元。买一席位为国信证券股份有限公司深圳互联网分公司，买 入3375.36万元；卖一席位为中泰证券股份有限公司杭州湖墅南路证券营业部，卖出693.42万元。 | | 2026-02-02科力股份（920088）龙虎榜 | | | | --- | --- | --- | --- | | 序号 | 交易营业部名称 | 买入金额(元) | 卖出金额(元) | | ポリ | 国信证券股份有限公司深圳互联网分公司 | 33753637.38 | 5015781.2 | | 买2 | 机构专用 | 14358486.73 | 4507644.81 | | 买3 | 国金证券股份有限公司深圳分公司 | 12661704.48 | 3673799.29 | | 买4 | 东吴证券股份有限公司苏州西北街证券营业部 ...

Group 1 - The report highlights the recent issuance of a notification by the National Development and Reform Commission and the National Energy Administration to improve the capacity pricing mechanism for power generation, which aims to adapt to the needs of the new power system and market structure [6][9]. - As of the end of 2025, China's cumulative installed capacity of new energy storage is expected to reach 213.3 GW, representing a year-on-year growth of 54%. The market share of lithium-ion batteries in new energy storage is projected to increase significantly from 8.2% at the end of the 13th Five-Year Plan to 65.8% by the end of the 14th Five-Year Plan [12][19]. - The report identifies 13 core companies in the energy storage industry chain listed on the Beijing Stock Exchange, including Changhong Energy, Haixi Communication, and others, which are involved in various aspects of energy storage technology and products [28][29]. Group 2 - The median price-to-earnings (P/E) ratio for the new energy industry on the Beijing Stock Exchange has decreased from 37.1X to 35.9X, with the median market capitalization dropping from 27.2 billion to 24.2 billion [31][32]. - The report notes that the median P/E ratio for electronic equipment companies on the Beijing Stock Exchange has declined from 65.8X to 61.1X, indicating a shift in market valuation trends [31][32]. - The report indicates that the median P/E ratio for mechanical equipment companies has decreased from 44.6X to 42.3X, reflecting changes in investor sentiment and market conditions [31][32].

Group 1 - The PVC industry is showing signs of recovery after hitting a historical low in December 2025, with the PVC index reaching 4290 RMB/ton, the lowest in nearly a decade [1][15][20] - The industry has been under pressure due to demand contraction and overcapacity, leading to significant losses for production companies, indicating limited room for further price declines [1][20] - The overall PVC production capacity in China is expected to stabilize around 30 million tons, with no new installations anticipated in 2026 and significant uncertainty for projects planned from 2027 to 2030 [1][21][25] Group 2 - Jiexian Co., a high-tech enterprise, focuses on the research, production, and sales of new environmentally friendly PVC stabilizers and additives, with products widely used in various PVC applications [2][31] - The company is expected to report a net loss of 2.3 million to 1.8 million RMB for 2025, a significant decline from a profit of 11.74 million RMB in 2024, primarily due to weakened demand and increased competition [4][90] - Hanwei Technology specializes in the development and production of polymer material additives, with its products used in PVC as heat stabilizers, indicating a strong market presence in the industry [36] Group 3 - The chemical new materials sector on the North Exchange experienced a decline of 2.68% this week, with most sub-industries showing negative performance [3][42] - The overall market performance was weak, with only the professional technical services sector showing an increase, while other sectors like non-metal materials and rubber products saw significant declines [3][43] - Key stocks that performed well this week included Keli Co. (+33.99%), Gebijia (+19.72%), and Meibang Technology (+18.45%), indicating potential investment opportunities within the sector [3][44] Group 4 - The PVC price is currently at 4610 RMB/ton, reflecting a slight increase of 1.54% over the month, but a decrease of 7.43% year-on-year [49][50] - The PVC industry is expected to see a gradual recovery in prices and profitability as high-cost small producers exit the market, leading to improved supply-demand dynamics [1][28] - The export volume of PVC resin from China reached 4.46 million tons in 2025, a year-on-year increase of 43.6%, suggesting a growing market share globally as overseas capacities continue to exit [25][26]

Trading Activity - The average daily trading amount on the North Exchange increased by 8.83% to 28.738 billion yuan[7] - The weekly turnover rate for the North Exchange was 27.94%[7] - The North Exchange's trading amount accounted for 0.94% of the total market, remaining stable compared to the previous week[11] Index Performance - The North 50 Index declined by 3.59% during the week[16] - Other major indices also experienced declines, with the ChiNext Index down by 0.91% and the Shanghai Composite Index up by 0.10%[16] Sector Analysis - Most sectors on the North Exchange had negative median returns, with the petroleum and petrochemical sector leading with a median increase of 33.99%[21] - The power equipment sector had the largest median decline at -8.07%[21] - The computer industry had the highest median P/E ratio at 139.33 times, indicating high valuation compared to other sectors[21] New Listings - One new stock was offered and two new stocks were listed on the North Exchange during the week[44] - The first-day average price increase for the newly listed stocks was 105.63% for Agricultural University Technology and 186.93% for Meidel[44] New Third Board Trading - The trading scale of the New Third Board decreased, with the innovative tier's trading amount down by 12.08% to 0.965 billion yuan, while the basic tier increased by 22.05% to 0.372 billion yuan[36]

免责声明：本文内容与数据仅供参考，不构成投资建议，使用前核实。据此操作，风险自担。 每日经济新闻 （记者 曾健辉） 每经讯，2026年1月30日，北交所上市公司科力股份（920088，收盘价：51.8元）登上龙虎榜，交易方式是连续竞价，披露原因 是当日换手率达到43.41%，成交数量1379.68万股，成交金额7.73亿元。买一席位为东方财富证券股份有限公司拉萨团结路第一 证券营业部，买入1241.1万元；卖一席位为机构专用，卖出2106.64万元。 | | 2026-01-30科力股份（920088） 龙虎榜 | | | | --- | --- | --- | --- | | 序号 | 交易营业部名称 | 买入金额(元) | 卖出金额(元) | | नेट ग | 东方财富证券股份有限公司拉萨团结路第一证券营业部 | 12411022.41 | 8566820.78 | | ポン | 东方财富证券股份有限公司拉萨东环路第二证券营业部 | 10073462 | 8567968.59 | | ग्रेउ | 中泰证券股份有限公司杭州湖墅南路证券营业部 | 8147622 | 22192.75 | | 买4 | ...

Core Viewpoint - The oil service engineering sector experienced a decline of 3.38% on January 30, with Keli Co., Ltd. leading the losses. The Shanghai Composite Index closed at 4117.95, down 0.96%, while the Shenzhen Component Index closed at 14205.89, down 0.66% [1]. Group 1: Market Performance - The oil service engineering sector saw significant individual stock movements, with notable declines in Keli Co., Ltd. by 14.39% and Qianeng Hengxin by 12.83% [2]. - The trading volume for Keli Co., Ltd. was 138,000 shares, with a transaction value of 773 million yuan [2]. - The overall sector had a net outflow of 1 billion yuan from major funds, while retail investors contributed a net inflow of 656 million yuan [2][3]. Group 2: Individual Stock Analysis - Keli Co., Ltd. closed at 51.80 yuan, experiencing a drop of 14.39% with a trading volume of 138,000 shares [2]. - Qianeng Hengxin closed at 31.33 yuan, down 12.83%, with a trading volume of 457,200 shares [2]. - The stock of Huibo Yin fell by 6.14%, closing at 4.13 yuan, with a trading volume of 143,670 shares [2]. Group 3: Fund Flow Analysis - Major funds showed a net outflow from several stocks, including Keli Co., Ltd. with a net outflow of 75.27 million yuan [3]. - Retail investors showed a positive net inflow in stocks like Huibo Yin, with a net inflow of 58.99 million yuan [3]. - The stock of Haiyou Development had a net inflow of 18.4 million yuan from retail investors, despite a major fund outflow [3].

Core Insights - The report indicates that since the fourth quarter, the funding structure of the Beijing Stock Exchange (BSE) has shown a "dual expansion" characteristic, with both the number and attention towards index funds steadily increasing, forming a preliminary bottom position for index products. Concurrently, some active funds are beginning to identify individual stocks with growth potential and undervaluation advantages, transitioning from a concentrated to a structured optimization approach, maintaining overall market stability [7][16] - From the market ecology perspective, the concentration of index constituent stocks has increased, and the valuation anchoring effect is gradually becoming evident. Some newly listed stocks with solid fundamentals and low coverage have become focal points for new incremental funds. As the allocation logic evolves towards the medium to long term, the market style is gradually shifting to a "selected + low turnover" characteristic. Overall, the current valuation of the BSE market offers relative cost-effectiveness, with a resonance structure among index funds, active funds, and new stock supply, which is expected to provide medium-term support for the market [7][16] Market Review and Valuation - As of January 29, 2026, the BSE 50 Index rose by 6.64% in January, with a maximum increase of 3.96% during the period. Among BSE stocks, 222 stocks increased, 69 stocks decreased, and none remained flat [8][17] - The average PE (TTM) of the BSE 50 Index as of January 29, 2026, is 64.50 times, with a median of 64.74 times. In comparison, the average PE (TTM) of the ChiNext Index is 43.24 times, and the Sci-Tech Innovation Board is 175.49 times [22] New Stock Dynamics - In January, four new stocks were listed on the BSE, bringing the total number of listed companies to 291 as of January 29, 2026. From January 1 to January 30, 2026, five companies were subscribed and five were listed [32] Key Company Announcements - The report includes various company announcements, highlighting significant contracts and operational updates from companies such as Copper Crown Mining, Taihu Yuanda, and Dana Biotechnology, which indicate ongoing business activities and strategic developments [40]

Market Performance - On January 29, 2026, the North Exchange 50 index decreased by 1.69%, closing at 1,536.00 points[1] - The overall trading volume on the North Exchange was 29.703 billion CNY, with a turnover rate of 4.79%[1] - The total market capitalization of the North Exchange was 937.031 billion CNY, with a circulating market value of 583.083 billion CNY[1] Sector Performance - The top-performing sectors included Oil & Petrochemicals (+30.0%), Media (+19.8%), and Food & Beverage (+5.1%) on the same day[1] - The sectors with the largest declines were Non-ferrous Metals (-3.3%), Electric Power Equipment (-2.5%), and Social Services (-1.9%)[1] Stock Performance - Among the 291 listed companies, 85 saw an increase, 3 remained flat, and 203 experienced a decline[1] - The leading gainers included Keli Co. (+29.99%), Liujin Technology (+19.82%), and Meibang Technology (+12.70%) while the largest decliners were Nongda Technology (-12.93%), Guangxin Technology (-9.91%), and Aweite (-7.91%)[1] Valuation Metrics - The overall valuation of the North Exchange was approximately 48.50 times earnings, which is higher than the ChiNext's 45.59 times but lower than the Sci-Tech Innovation Board's 79.67 times[1] - The highest average P/E ratio by sector was in Non-ferrous Metals at 140.1 times, followed by Oil & Petrochemicals at 106.2 times and Food & Beverage at 90.1 times[1] Risks - Potential risks include lower-than-expected policy support, insufficient technological innovation, intensified market competition, and market volatility[1][16]