成交活跃股方面，今日上榜个股中，南向资金成交金额最多的是阿里巴巴-W，合计成交额56.22亿港 元，腾讯控股、中国海洋石油成交额紧随其后，分别成交43.07亿港元、33.93亿港元。以净买卖金额统 计，净买入的个股共有5只，腾讯控股净买入额为10.15亿港元，净买入金额居首，该股收盘股价上涨 0.76%，小米集团-W净买入额为8.22亿港元，泡泡玛特净买入额为6.13亿港元。净卖出金额最多的是中 国移动，净卖出11.77亿港元，该股收盘股价下跌0.88%，紫金矿业、盈富基金遭净卖出10.77亿港元、 10.36亿港元。 今日上榜个股中，腾讯控股、小米集团-W、钧达股份等7只股同时上榜港股通（深）、港股通（沪）成 交活跃股， 腾讯控股合计成交额43.07亿港元，成交净买入10.15亿港元，小米集团-W合计成交额30.90 亿港元，成交净买入8.22亿港元。紫金矿业合计成交额33.65亿港元，成交净卖出10.77亿港元，阿里巴 巴-W合计成交额56.22亿港元，成交净卖出2.35亿港元。 1月26日恒生指数上涨0.06%，南向资金全天合计成交金额为1145.35亿港元，其中，买入成交568.55亿 港元，卖出成交 ...

| 代码 | 简称 | 类型 | 成交金额（万港元） | 成交净买入（万港元） | 日涨跌幅（%） | | --- | --- | --- | --- | --- | --- | | 09988 | 阿里巴巴-W | 港股通(沪) | 374381.67 | -12829.26 | -1.96 | | 00700 | 腾讯控股 | 港股通(沪) | 256404.25 | 47186.91 | 0.76 | | 02899 | 紫金矿业 | 港股通(沪) | 234866.76 | -160485.92 | 4.35 | | 01810 | 小米集团-W | 港股通(沪) | 202530.35 | 52716.55 | -2.81 | | 02865 | 钧达股份 | 港股通(沪) | 200947.57 | 22193.94 | -6.56 | | 00941 | 中国移动 | 港股通(沪) | 199564.94 | -117692.48 | -0.88 | | 00981 | 中芯国际 | 港股通(沪) | 197489.33 | 18826.54 | -3.27 | | 09988 | 阿里巴巴-W ...

Investment Rating - The industry is rated positively, with expectations of overall returns exceeding the CSI 300 Index by more than 5% in the next six months [24]. Core Views - The food and beverage sector is currently at a phase of bottoming out, with a focus on the upcoming Spring Festival inventory buildup as a catalyst for growth [1][5]. - The liquor sector is experiencing a slow recovery in demand, with a focus on stabilizing expectations before discussing recovery, particularly for leading brands like Kweichow Moutai and Shanxi Fenjiu [6][19]. - The snack sub-sector has shown strong performance, with significant growth in companies like Mingming Hen Mang, which plans to go public in Hong Kong [20][22]. Summary by Sections Sub-industry Ratings - No ratings for liquor, beverages, and food sectors [3]. - Recommended companies include: - Kweichow Moutai: Buy - Shanxi Fenjiu: Buy - Guming: Buy - Mixue Group: Increase Holding - Ximai Food: Buy - Dongpeng Beverage: Buy - Wancheng Group: Buy - Pop Mart: Buy [3]. Industry Performance - The food and beverage sector saw a decline of 1.57%, ranking 28th among 31 sub-industries [5][14]. - The top-performing sub-sectors were snacks, pre-processed foods, and cooked foods, with increases of 6.44%, 5.02%, and 4.25% respectively [5][14]. - The top five stocks in the sector included: - Haoxiangni (+19.59%) - Weizhi Xiang (+17.23%) - Wancheng Group (+14.32%) - Quanyuan (+13.57%) - CITIC Nia (+9.69%) [5][14]. Liquor Sector Insights - The liquor index fell by 2.80%, with a focus on the upcoming Spring Festival for potential recovery [6][19]. - Current prices for Moutai products are: - Feitian Moutai (loose bottle): 1560 RMB, up 10 RMB from last week - Pu'er Moutai: 810 RMB, unchanged from last week [6][19]. Consumer Goods Sector Insights - Several companies are planning IPOs in Hong Kong, with Mingming Hen Mang aiming to raise between 32.37 billion to 33.36 billion HKD [20][22]. - The company reported a GMV of 661 billion RMB for the first three quarters of 2025, a 74.5% year-on-year increase [20][22]. - Dongpeng Beverage plans to issue 40.89 million H shares, with an expected listing date of February 3, 2026 [20][22].

近日，多数门店已经无法买到PUCKY敲敲系列现货，二手平台上可以加价购入。 得物App数据显示，PUCKY敲敲系列隐藏款"成功"市场成交价由99元上涨至396元，溢价3倍。常规款 中，销量最高的是"智慧"，该产品市场成交价由99元上涨至209元，溢价1倍。千岛App显示，PUCKY敲 敲系列隐藏款"成功"近三日成交价为275元，溢价2倍以上，"财富"近三日成交价为134元。 【#泡泡玛特电子木鱼被炒到396元#、#泡泡玛特股价一周大涨20%#】近日，泡泡玛特PUCKY敲敲系 列"电子木鱼"产品登上热搜。在新品热潮与产品联名等多重因素带动下，泡泡玛特股价一周内（1月19 日～26日）大幅上涨超20%。 PUCKY敲敲系列"电子木鱼"将传统木鱼改造为电子发声装置，敲击头部可触发音效，结合"财富+1""快 乐+1"等好运标签，被网友戏称为"电子木鱼"。该系列1月15日推出，盲盒采用6款常规角色 + 1款隐藏款 的配置，单盒售价为99元，整盒（6个）售价为594元。 "最近来问毕奇敲敲系列商品的消费者不少，许多买不到现货的消费者也会在门店与陈列产品互动许 久。"上海市某泡泡玛特门店店员告诉记者。至于何时补货，对方表示 ...

Investment Rating - The investment rating for the company is "Outperform the Market" (maintained) [1][6][22] Core Viewpoints - The management's recent share buybacks demonstrate confidence in the company's future and stock price [3][4] - The company's new product series, PUCKY and Starry People, have shown strong demand, with sold-out status on official platforms and significant price premiums on secondary markets, indicating potential for IP value enhancement during the upcoming holiday season [3][5] - The company is expected to see substantial profit growth, with projected net profits for 2025-2027 at 120.2 billion, 170.5 billion, and 208.9 billion respectively, reflecting year-on-year growth of 284.4%, 41.9%, and 22.6% [3][10][15] Summary by Relevant Sections Share Buyback - The company announced a buyback of 500,000 shares at a price of 192.97 yuan per share and the cancellation of 1.4 million shares at 179.60 yuan per share, indicating a total buyback amount of approximately 347.9 million yuan [2][5] Product Performance - Recent trends show that the PUCKY and Starry People series have sold out on official websites, with price premiums on secondary markets ranging from 2-3 times for hidden versions and 70-200% for regular versions, suggesting strong market demand [3][5][9] Financial Projections - The company has revised its profit forecasts, expecting revenues of 356.2 billion, 512.5 billion, and 634.5 billion for 2025-2027, with corresponding year-on-year growth rates of 173.2%, 43.9%, and 23.8% [10][19] - The gross margin is projected to exceed 70% in the first half of 2025, with a steady gross margin of around 71% expected through 2027 [12][19]

Investment Rating - The investment rating for the company is "Outperform the Market" (maintained) [1][6][3] Core Views - The management's recent share buybacks demonstrate confidence in the company's future and stock price [4][3] - The company's new product series, PUCKY and Starry People, have sold out on official platforms and are trading at significant premiums on secondary markets, indicating strong IP potential [3][5] - The company is expected to see substantial profit growth, with net profits projected to reach 12.02 billion, 17.05 billion, and 20.89 billion for 2025-2027, reflecting year-on-year growth of 284.4%, 41.9%, and 22.6% respectively [3][10] Summary by Sections Share Buyback - The company announced a buyback of 500,000 shares at a price of 192.97 yuan per share and the cancellation of 1.4 million shares at 179.60 yuan per share, showing a total buyback of 3.47 billion yuan for 1.9 million shares [2][5] Product Performance - Recent trends show that the PUCKY and Starry People series have sold out on the official website, with hidden versions trading at premiums of 2-3 times and regular versions at 70-200% premiums [5][9] Financial Projections - The company has revised its profit forecasts, expecting net profits of 12.02 billion, 17.05 billion, and 20.89 billion for 2025-2027, with corresponding P/E ratios of 23, 16, and 13 [3][10] - Revenue projections for 2025-2027 are set at 35.62 billion, 51.25 billion, and 63.45 billion, with growth rates of 173.2%, 43.9%, and 23.8% respectively [10][19]

2026.01.26 近日，多数门店已经无法买到PUCKY敲敲系列现货，二手平台上可以加价购入。 得物App数据显示，PUCKY敲敲系列隐藏款"成功"市场成交价由99元上涨至396元，溢价3倍。常规款 中，销量最高的是"智慧"，该产品市场成交价由99元上涨至209元，溢价1倍。千岛App显示，PUCKY敲 敲系列隐藏款"成功"近三日成交价为275元，溢价2倍以上，"财富"近三日成交价为134元。 "最近来问毕奇敲敲系列商品的消费者不少，许多买不到现货的消费者也会在门店与陈列产品互动许 久。"上海市某泡泡玛特门店店员告诉记者。至于何时补货，对方表示暂不确定。 PCUKY是泡泡玛特的一个经典IP。2018年，PCUKY潮玩产品首次上市。近年虽然PCUKY的IP并不是泡 泡玛特最头部的几个，但泡泡玛特对PUCKY持续运营，也研发出了一系列产品。2024年，PUCKY曾经 推出过不倒翁形态的毛绒产品也深受消费者欢迎。2026年的电子木鱼彻底出圈。 225年以来，除了独占鳌头的LABUBU以外，星星人、PCUKY等IP的销量也不错。在外界看来，多IP的 出圈才是比较健康的状态。对于各IP营收占比的问题，2025年的某次 ...

2026.01. 26 本文字数：1588，阅读时长大约3分钟 作者 | 第一财经 揭书宜 近日，泡泡玛特PUCKY敲敲系列"电子木鱼"产品登上热搜。在新品热潮与产品联名等多重因素带动下，泡 泡玛特股价一周内（1月19日～26日）大幅上涨超20%。 PUCKY敲敲系列"电子木鱼"将传统木鱼改造为电子发声装置，敲击头部可触发音效，结合"财富+1""快乐 +1"等好运标签，被网友戏称为"电子木鱼"。该系列1月15日推出，盲盒采用6款常规角色 + 1款隐藏款的 配置，单盒售价为99元，整盒（6个）售价为594元。 近日，多数门店已经无法买到PUCKY敲敲系列现货，二手平台上可以加价购入。 PCUKY是泡泡玛特的一个经典IP。2018年，PCUKY潮玩产品首次上市。近年虽然PCUKY的IP并不是泡泡 玛特最头部的几个，但泡泡玛特对PUCKY持续运营，也研发出了一系列产品。2024年，PUCKY曾经推出 过不倒翁形态的毛绒产品也深受消费者欢迎。2026年的电子木鱼彻底出圈。 得物App数据显示，PUCKY敲敲系列隐藏款"成功"市场成交价由99元上涨至396元，溢价3倍。常规款 中，销量最高的是"智慧"，该产品市场成交价 ...

值得注意的是，1月20日以来，泡泡玛特的股价大涨超20%。 近日，泡泡玛特PUCKY敲敲系列"电子木鱼"产品登上热搜。在新品热潮与产品联名等多重因素带动下，泡泡玛特股价一周内（1月19日～26日）大幅上涨超 20%。 PUCKY敲敲系列"电子木鱼"将传统木鱼改造为电子发声装置，敲击头部可触发音效，结合"财富+1""快乐+1"等好运标签，被网友戏称为"电子木鱼"。该系 列1月15日推出，盲盒采用6款常规角色 + 1款隐藏款的配置，单盒售价为99元，整盒（6个）售价为594元。 PCUKY是泡泡玛特的一个经典IP。2018年，PCUKY潮玩产品首次上市。近年虽然PCUKY的IP并不是泡泡玛特最头部的几个，但泡泡玛特对PUCKY持续运 营，也研发出了一系列产品。2024年，PUCKY曾经推出过不倒翁形态的毛绒产品也深受消费者欢迎。2026年的电子木鱼彻底出圈。 225年以来，除了独占鳌头的LABUBU以外，星星人、PCUKY等IP的销量也不错。在外界看来，多IP的出圈才是比较健康的状态。对于各IP营收占比的问 题，2025年的某次财报电话会上，王宁表示，他不认为如果有一个IP营收占比特别大就不健康。"我觉得这个比例 ...

本文源自：市场资讯 作者：智投君 港股通成交数据披露（沪深合计） 证券简称成交金额净买入额收盘价涨跌幅腾讯控股 0070043.07亿港元10.15亿港元599.50港元7.60%小米集团－Ｗ 0181030.90亿港元8.22亿港元35.22港元-28.10%泡泡玛特 0999214.19亿港元6.13亿港元217.60港元-9.10%钧达股份 0286528.21亿港元1.47亿港元36.44港元-65.60%中国海洋石油 0088333.93亿港元1.07亿港元23.34港元40.10%长飞光纤光缆 0686913.71亿港元-0.06亿港元62.80港元178.20%中芯国际 0098132.43亿港元-0.78亿港元75.55港元-32.70%老铺黄金 061819.28亿港元-0.79亿港元849.50港元78.00%中国人寿 026287.07亿港元-1.07亿港元32.18港元20.30%阿里巴巴－Ｗ 0998856.22亿港元-2.35亿港元165.20港元-19.60%盈富基金 0280010.42亿港元-10.36亿港元26.98港元0.70%紫金矿业 0289933.65亿港元-10. ...