Summary of Key Points from Conference Call Records Industry Overview - The stock market showed mixed performance on January 30, 2026, with the Shanghai Composite Index closing at 4117.95 points, down 0.96%, and the Shenzhen Component Index at 14205.89 points, down 0.66%. The ChiNext Index increased by 1.27% to 3346.36 points. The brokerage index fell by 1.53%, and the insurance index decreased by 1.60% [1][1][1]. Market Statistics - The total trading volume for stocks was reported at 28,355.38 billion yuan, with the SW Securities II sector accounting for 424.65 billion yuan, representing 1.50% of the total trading volume for A and B shares. The margin trading balance from the previous trading day was 27,393.27 billion yuan. The yield on ten-year government bonds was measured at 1.8112% [1][1][1]. Company Announcements - **Shichuang Securities**: Mr. Jiang Qingfeng was elected as a non-independent director of the company's second board of directors [2][2][2]. - **CITIC Securities**: Non-executive director Mr. Yan Xiaolei resigned from his positions, including those on the Risk Management Committee and the Audit Committee, and will not hold any positions in the company or its subsidiaries post-resignation [2][2][2]. - **Jinlong Co., Ltd.**: Shareholder Ms. Zhu Fenglian's 63 million shares were scheduled for public auction on JD.com from February 5 to February 6, 2026, but the auction was withdrawn due to objections from the defendant [2][2][2]. - **Jianyuan Trust**: The second-instance ruling upheld the original judgment in a lawsuit involving Shanghai Dongfang Securities Asset Management Co., with the plaintiff bearing the litigation costs of 2,051,524.83 yuan [2][2][2]. - **Guosheng Securities**: The China Securities Regulatory Commission approved the merger of Guosheng Financial Holdings Co., Ltd. with Guosheng Securities Co., Ltd., leading to a name change to Guosheng Securities Co., Ltd. The original Guosheng Securities has completed its deregistration [2][2][2]. Important News - **Central Bank**: On January 30, 2026, the People's Bank of China conducted a fixed-rate, quantity tender operation for 4,775 billion yuan in 7-day reverse repos, with a winning rate of 1.4% [3][3][3]. - **Ministry of Finance**: Deputy Minister Liao Min met with the UK Treasury's Director of International Financial Affairs, Mr. White, to discuss Sino-British economic and financial dialogues and cooperation in G20 financial channels [3][3][3]. - **Securities Regulatory Commission**: Proposed amendments to the "Regulations on the Registration Management of Securities Issuance by Listed Companies," including expanding the types of strategic investors and clarifying that the subscription for shares should generally not be less than 5% [3][3][3].

热点栏目 自选股 数据中心 行情中心 资金流向 模拟交易 客户端 玉米：中性 1．上周包括供应紧缩/饲料利空/深加工补库平淡利空等因素主导玉米03主力下行，但仍未完全消化，预计本周缓慢震荡下行。现货方面自明显触顶后，基 层的惜售情绪出现缓和，整体支撑有限。 2．本周天气情况或值得关注，东北地区普遍出现升温预报，缺乏标准储藏条件的地趴粮或加快交售进度；但由于持续性低，或将仅短暂触发现货下调，节 后来自天气方面的风险因素将提高关注频率。 3．东北方面的整体库存仍处于历史地位，未出现明显回调可能。同时今日中储粮将竞价采购12.4万吨玉米，来自政策调整方向的价格支撑依然明显。市场 对节前的备货潮期待基本归零，重心逐步转向节后积累的博弈情绪。 观点总结：供需紧平衡的局面暂未有明显的缓解趋势，节前维持震荡态势，玉米03主力观察2250附近的支撑，上方维持2330。 豆粕：中性 1．美元指数走强、宏观情绪拖累，隔夜CBOT大豆收跌。海外市场继续在阿根廷干旱引致的减产预期与巴西丰产兑现之间权衡，预报显示未来一周巴西中 西部降雨充沛，周度累计普遍在65毫米以上，有利于作物生长，但需关注是否会对收割工作造成阻碍；阿根廷布宜诺斯艾 ...

（李思进 期货交易咨询从业信息：Z0021407，仅供参考） PTA： 供需面供稳需减。PTA 行业负荷环比持平至 76.6%，处于历年同期偏低水平，鉴于一季度检修计划较多，预计供应将趋于收紧。需求端，终端新订单整体偏 弱，江浙地区终端工厂开工率持续下滑。聚酯行业负荷环比减少 2.0pct 至 84.2%，预计行业开工将加速下滑。综合来看，当前 TA-聚酯环节基本面尚有支 撑，PTA 现货基差走弱的持续性将受到聚酯减产的考验，同时终端需求走弱也将形成压制，一季度产业链面临累库压力。短期内，成本端支撑减弱，TA 5 月期价预计震荡偏弱运行，中线投资者等待回调至支撑区域 5100-5200 做多。需警惕霍尔木兹海峡遭封锁可能引发的油价冲高风险。 （李思进 期货交易咨询从业信息：Z0021407，仅供参考） EG： 供需面供增需减。国内方面，乙二醇行业负荷环比增加 1.2pct 至 74.3%，其中，合成气制负荷环比增加 1.6pct至 81.0%，处于历年同期高位，当前价格尚不 足以引发大规模减产。虽然北美及中东装置检修可能削减一季度进口，但由于近期乙二醇价格重心上移，吸引了部分中国台湾等地货源，加之国内供应充 ...

热点栏目 自选股 数据中心 行情中心 资金流向 模拟交易 客户端 铜：风险偏好调整，铜价高位下修 上周五晚沪铜主力跌4.75%至103190元，伦铜下跌至13050美元附近。 宏观中性偏空。特朗普提名沃什担任美联储主席，降息预期减弱，加之贵金属回调幅度扩大，带动有色板块普遍下跌。 基本面中性偏多。上周全球铜库存升至103.1万吨，其中境内铜小幅去库0.16万吨至33.2万吨，LME铜累库约0.45万吨至17.5万吨，COMEX铜延续大幅累库 1.37万吨至52.4万吨。 总体来看，市场风险偏好调整短时间内对铜价带来压力，但金属自身供应约束偏强，价格下跌空间或有限。今日沪铜主力运行区间参考10万-10.45万元/吨。 策略上，节前区间为主，卖深虚看涨期权继续持有；中长线等待低点布局远月多单。 重要声明 本报告中的信息均来源于公开可获得资料，中信建投期货力求准确可靠，但对这些信息的准确性及完整性不做任何保证，据此投资，责任自负。本报告不构 成个人投资建议，也没有考虑到个别客户特殊的投资目标、财务状况或需要。客户应考虑本报告中的任何意见或建议是否符合其特定状况。（虞璐 彦/Z0023596，仅供参考） 镍&不锈钢： ...

Core Viewpoint - Shenzhen Senior Technology Material Co., Ltd. (referred to as "Senior Technology") has submitted a prospectus for an IPO on the Hong Kong Stock Exchange, marking its second attempt after a previous application lapsed in July 2025. The company is currently listed on the A-share market with a market capitalization of approximately RMB 18.611 billion as of January 30, 2026 [2][16]. Business Overview - Established in 2003, Senior Technology is a manufacturer of lithium-ion battery separators and has over 20 years of experience in R&D, production, and sales within the lithium-ion battery industry [3][17]. - According to Frost & Sullivan, Senior Technology is the first company in China to master the dry uniaxial stretching technology for lithium-ion battery separators, ranking second globally in market share at 14.4% by shipment volume in 2024 [3][17]. - The company is also the first to achieve mass export of lithium-ion battery separators and is one of the few manufacturers in China with capabilities in dry, wet, and coated separator production technologies [3][17]. Market Position - Senior Technology has established itself as a prominent supplier and innovator in the global lithium-ion battery separator market, with a unique position due to its independent equipment research and design capabilities [4][18]. - The company has a comprehensive global network covering nine production bases across China, Europe, Southeast Asia, and the United States, and has R&D centers in South China, East China, Japan, and Sweden [4][18]. - Senior Technology serves over 100 leading lithium-ion battery customers, including major manufacturers like LG Energy Solution, Samsung SDI, and CATL [4][18]. Financial Performance - The company's revenue from lithium-ion battery separators includes dry, wet, and coated separators, with total revenues reported as follows: RMB 2.867 billion in 2022, RMB 2.982 billion in 2023, RMB 3.506 billion in 2024, and RMB 2.932 billion for the first nine months of 2025 [5][12][26]. - The net profits for the same periods were RMB 748 million, RMB 594 million, RMB 371 million, and RMB 141 million respectively [12][26]. Shareholder Structure - Prior to its listing in Hong Kong, the major shareholders of Senior Technology include Professor Chen Xiufeng and Ms. Chen Weirong, who together hold approximately 12.69% of the shares, making them the largest single shareholder [7][22]. Management Team - The board of directors consists of eight members, including three executive directors: Professor Chen Xiufeng (Chairman and General Manager), Dr. Zhang Xiaomin (Deputy General Manager and Technical Director), and Mr. Xu Liqiang (General Manager of East China Base) [10][25].

每经AI快讯，中信建投研报表示，1月30日，由于国际贵金属价格剧烈波动和A股宽基ETF近期大规模 的抛售导致的流动性压力，情绪指数出现明显下滑，发出右侧卖出信号且面临跌出亢奋区考验。考虑到 春节前避险情绪升温，情绪指数回落的季节性效应，预计市场短期面临情绪降温和指数回调压力。综合 考虑当前市场增量资金和情绪指数各分项指标，中信建投预计全A指数调整空间有限，且有望在春节前 企稳，春节前后迎来新一轮上行行情。看好春季行情继续演绎，一季度增量资金较为充裕，随着宽基 ETF抛售潮逐步结束，市场增量资金有望明显改善。同时近期政策利好（战略投资制度新规）和产业催 化（ 全国容量电价政策出台、AI大模型亮点频出）较多，从季节效应上看2月通常胜率较高，赚钱效应 较好。 ...

智通财经APP获悉，中信建投证券发布研究报告称，宽基ETF拋售潮和国际金银价格巨震后，市场情绪 明显降温，短期市场面临回调压力，不过全A指数调整空间有限，且有望在春节前企稳，春节前后迎来 新一轮上行行情。行业配置上长期继续看好"科技+资源品"双主线。短期市场风格轮动加速，前期已有 回调的科技赛道、金融板块和中游制造业短期有望表现较好。行业重点关注：电力设备(储能、特高 压、光伏、固态电池等)、非银金融、银行、AI(光通信、存储等)、煤电、家电、汽车、钢铁等。 金银巨震的背后，"弱美元交易"止盈离场 1月30日，由于国际贵金属价格剧烈波动和A股宽基ETF近期大规模的抛售导致的流动性压力，情绪指数 出现明显下滑，发出右侧卖出信号且面临跌出亢奋区考验。考虑到春节前避险情绪升温，情绪指数回落 的季节性效应，我们预计市场短期面临情绪降温和指数回调压力。综合考虑当前市场增量资金和情绪指 数各分项指标，我们预计全A指数调整空间有限，且有望在春节前企稳，春节前后迎来新一轮上行行 情。 看好春季行情继续演绎，一季度增量资金较为充裕，随着宽基ETF抛售潮逐步结束，市场增量资金有望 明显改善。同时近期政策利好(战略投资制度新规)和 ...

格隆汇2月2日｜中信建投研报称，继续看多AI与商业航天。航天侧，SpaceX积极推进上市进程，拟吸 收xAI整合业务；同时，SpaceX向FCC提交百万颗AI卫星申请，目标打造太空算力卫星星座；苹果与 SpaceX拟联合推动手机直连卫星服务，商业航天下游应用领域有望拓展。AI侧，可灵3.0超前内测，图 像视频模型同步升级；全球世界模型赛道大厂云集，本周蚂蚁连续开源四款具身智能模型，谷歌Genie 3正式上线，世界模型迭代有望加速AGI进展；此外，互联网大厂纷纷通过红包争夺春节AI产品推广流 量，AI产品渗透率或将持续提升。 ...

下周关注：欧洲央行周，美国非农数据 本周全球大类资产表现一览： 炒股就看金麒麟分析师研报，权威，专业，及时，全面，助您挖掘潜力主题机会！ 来源：中信建投证券研究 文|周君芝 陈怡 特朗普提名凯文·沃什为下一任美联储主席，市场剧震。因为大家担心美联储货币取向发生变化。金银 代表的贵金属，用历史级别的单日下降幅度表达了对流动性的担忧。 供应重塑背景下全球通胀中枢再也回不去，构筑在全球旧秩序基础之上的美元信用也因此备受质疑。 因为货币不敢收紧，所以美债短端利率偏低，而又因长债压不下，所以美债期限利差不肯收窄。美债期 限利差问题，本质上是美国当下困境的映射。 任谁担任美联储主席，都无力改变美国当下困境。凯文·沃什坚称加息缩表，将推扩美债期限利差。暂 不讨论如果上任，凯文·沃什是否严格执行其货币主张，可预见的是，进一步推升美债期限利差的货币 操作将会困难重重。 本周AH股震荡走弱，前期表现亮眼的中证500和2000指数明显回调，恒生科技表现较弱；中债走势分 化，超长端弱于短端。 海外方面，美联储人事变动引发美元指数先下后上，大幅波动。贵金属在冲击历史新高后出现史诗性回 调，原油延续强势表现。 一、中国股市：市场震荡走弱 ...

第三届董事会第二十次会议于2026年1月30日召开，审议通过关于增补非执行董事及董事会专门委员会 委员的议案，同意提名董洪福先生为第三届董事会非执行董事候选人，并在获选后增补其为风险管理委 员会和审计委员会委员；审议通过设立战略发展部的议案；审议通过修订反洗钱管理制度的议案；审议 通过召集临时股东会的议案。会议表决结果均为15票同意、0票反对、0票弃权。 非执行董事闫小雷先生因工作原因辞去公司非执行董事、董事会风险管理委员会委员及审计委员会委员 职务，辞任自股东会选举新任董事之日起生效。辞任后不在公司及控股子公司任职，与董事会无不同意 见，无未履行完毕的公开承诺。董事会对其贡献表示感谢。 截至2026年1月30日收盘，中信建投（601066）报收于24.05元，较上周的24.71元下跌2.67%。本周，中 信建投1月26日盘中最高价报24.89元。1月29日盘中最低价报23.77元。中信建投当前最新总市值1865.49 亿元，在证券板块市值排名5/50，在两市A股市值排名86/5184。 本周关注点 公司公告汇总 中信建投证券股份有限公司全资子公司中信建投（国际）金融控股有限公司的间接全资附属公司CSCIF ...