【内容摘要】2月3日，资金面整体平稳；债市以震荡为主，短债偏弱，中长债略强；转债市场主要指数集体跟涨，转债个券多数上涨；各期限美债收益率走 势分化，主要欧洲经济体10年期国债收益率普遍上行。 一、债市要闻 （一）国内要闻 【2026年中央一号文件发布】2月3日，2026年中央一号文件《中共中央 国务院关于锚定农业农村现代化 扎实推进乡村全面振兴的意见》发布。《意见》提 出，深化农村集体产权制度改革，支持发展新型农村集体经济，严控新增村级债务。健全农垦国有资产资源监管体制。创新乡村振兴投融资机制。优先保障 农业农村领域一般公共预算投入，提升财政支农政策效能和资金效益。用足用好专项债、超长期特别国债，支持符合条件的农业农村领域重大项目建设。健 全财政金融协同支农投入机制，充分发挥支农支小再贷款、科技创新和技术改造再贷款等政策激励作用，推动金融机构加大对农业农村领域资金投放。加大 对涉农企业和农户贷款展期、续贷支持力度。 【央行加量续做3个月期买断式逆回购】2月3日，央行发布公开市场买断式逆回购招标公告。公告显示，为保持银行体系流动性充裕，2月4日，央行将以固 定数量、利率招标、多重价位中标方式开展8000亿元买断 ...

Market Overview - As of January 29, A-share major indices showed mixed performance, with the Shanghai Composite Index down 0.1% and the Shenzhen Component Index up 0.01% [2] - The total trading volume in the Shanghai and Shenzhen markets reached 20,349 billion yuan, an increase of 1,042 billion yuan compared to the previous day [2] - Over 2,400 stocks in the market experienced gains [2] Gold Market - International gold prices reached new highs, with spot gold surpassing $5,500 per ounce, peaking at $5,598.75 per ounce, marking a year-to-date increase of over 28% [10][11] - Gold stocks surged, with China Gold achieving five consecutive trading limits [9][12] - Despite the surge, China Gold warned investors about potential risks, stating that its main business remains unchanged and projecting a net profit decrease of 55% to 65% for 2025 [12] AI Application Sector - AI application stocks saw a significant rally, with Keda Xunfei (科大讯飞) hitting the daily limit up after a positive earnings forecast [5][6] - Keda Xunfei expects a net profit of 785 million to 950 million yuan for 2025, representing a growth of 40% to 70% year-on-year [8] - The company reported over a 20% increase in R&D investment, emphasizing its commitment to core technology autonomy [8] - Analysts from CITIC Securities expressed optimism about the AI application and computing power sectors, anticipating a surge in AI-native applications and the need for increased computing power [8] Real Estate Sector - The real estate sector experienced a rebound, with stocks like I Love My Home and Shenzhen Deep Housing hitting daily limits [14] - Shenzhen Deep Housing projected a net profit of 80.8 million to 121 million yuan for 2025, marking a turnaround from a loss of 177 million yuan the previous year [14] - Hong Kong-listed property stocks also saw significant gains, with notable increases in companies like Contemporary Land and China Aoyuan [14][16] - The restructuring of debts among leading real estate companies is progressing, with Vanke successfully extending three domestic bonds and other companies like Country Garden and Sunac China entering execution phases for debt restructuring [17] - Experts suggest that a new financing model for real estate is emerging, focusing on cash flow safety and operational efficiency [18]

每经AI快讯，1月29日，港股地产股大涨，融创中国涨超30%，中国奥园涨26%、世茂集团、碧桂园、 佳兆业集团均涨超20%，正荣地产、旭辉控股集团、富力地产涨超15%。 ...

央广网北京1月8日消息（记者门庭婷）1月6日，正荣地产发布2025年12月未经审核经营数据。 2025年1—12月，正荣地产连同合营公司及联营公司的累计合约销售金额约为人民币43.44亿元，合约销 售建筑面积约为27.84万平方米，合约平均售价约为每平方米人民币15600元。 2025年12月，正荣地产连同合营公司及联营公司的累计合约销售金额约为人民币3.35亿元，合约销售建 筑面积约为2.46万平方米，合约平均售价约为每平方米人民币13600元。 ...

Core Viewpoint - Zhengrong Real Estate disclosed its unaudited operating brief for December 2025, indicating a total contract sales amount of approximately 335 million yuan and an average contract sales price of about 13,600 yuan per square meter [1] Group 1 - In December 2025, Zhengrong Real Estate, along with its subsidiaries and joint ventures, achieved cumulative contract sales of approximately 335 million yuan [1] - The total contracted sales area for December 2025 was about 24,600 square meters [1] - The average contract sales price for the properties sold was approximately 13,600 yuan per square meter [1]

Core Viewpoint - Zhengrong Real Estate (06158) reported a significant decline in contract sales, with a total of approximately RMB 4.344 billion for the past 12 months, representing a year-on-year decrease of 35.44% [1] Group 1: Sales Performance - The cumulative contract sales amount for the group, including joint ventures and associates, was approximately RMB 4.344 billion for the 12 months ending December 31, 2025 [1] - The total contract sales area was about 278,381 square meters, with an average contract selling price of approximately RMB 15,600 per square meter [1] Group 2: Recent Period Performance - For the month ending December 31, 2025, the cumulative contract sales amount was approximately RMB 335 million, with a contract sales area of about 24,592 square meters [1] - The average contract selling price for this recent period was approximately RMB 13,600 per square meter [1]

正荣地产(06158)发布公告，截至2025年12月31日止月份，集团连同合营公司及联营公司的累计合约销 售金额约为人民币3.35亿元，合约销售建筑面积约为24,592平方米，截至2025年12月31日止月份的合约 平均售价约为每平方米人民币1.36万元。 截至2025年12月31日止12个月，集团连同合营公司及联营公司的累计合约销售金额约为人民币43.44亿 元，同比减少35.44%;合约销售建筑面积约为278,381平方米及合约平均售价约为每平方米人民币1.56万 元。 ...

Core Viewpoint - The company, Zhengrong Real Estate, reported a significant decline in contract sales for the year ending December 31, 2025, indicating challenges in the real estate market [1] Group 1: Sales Performance - The cumulative contract sales amount for the group, including joint ventures and associates, was approximately RMB 3.35 billion for the period ending December 31, 2025, with a total sales area of about 24,592 square meters [1] - For the 12 months ending December 31, 2025, the cumulative contract sales amount was approximately RMB 43.44 billion, representing a year-on-year decrease of 35.44% [1] - The average contract sale price for the period was approximately RMB 15,600 per square meter [1] Group 2: Sales Area - The total contract sales area for the 12 months ending December 31, 2025, was approximately 278,381 square meters [1] - The average contract sale price per square meter for this period was approximately RMB 15,600 [1]

正荣地产(06158.HK)公告，截至2025年12月31日止月份，集团连同合营公司及联营公司的累计合约销售 金额约为人民币3.35亿元，合约销售建筑面积约为24,592平方米，截至2025年12月31日止月份的合约平 均售价约为每平方米人民币13,600元。 截至2025年12月31日止十二个月，集团连同合营公司及联营公司的累计合约销售金额约为人民币43.44 亿元，合约销售建筑面积约为278,381平方米及合约平均售价约为每平方米人民币15,600元。 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不負責，對其準確性或完整性亦不 發表任何聲明，並明確表示，概不對因本公告全部或任何部份內容所產生或因依賴該等內容而引致之任何損 失承擔任何責任。 上述數據乃未經審核及依據本集團的初步內部資料編製，或會因為在收集有關資料的過程 中的多項不確定因素，而與本公司按年度或半年度基準刊發的經審核或未經審核綜合財務 報表所披露的數字可能存在差異。因此，上述數據僅供投資者參考。投資者在買賣本公司 證 券 時 務 請 審 慎 小 心 ， 不 應 過 分 依 賴 有 關 資 料 。 如 有 疑 問 ， 投 資 者 應 徵 詢 持 牌 證 券 交 易 商、註冊證券機構、銀行經理、律師、執業會計師或其他專業顧問的意見。 承董事會命 正榮地產集團有限公司 董事會主席 陳競德 （ 於開曼群島註冊成立的有限公司） （股份代號：6158） 二零二五年十二月 未經審核經營數據 正榮地產集團有限公司（「本公司」，連同其附屬公司統稱為「本集團」）董事會（「董事會」）謹 此宣佈，截至二零二五年十二月三十一日止月份，本集團連同合營公司及聯營公司的累計 合約銷售金額約為人民幣3.35億元 ...