今早，黄金又上热搜！不过这次不是因为大涨，而是因为暴跌…… 北京时间1月30日，现货黄金盘中跌幅超4%。 今早股市开盘，多个黄金白银相关股票跌停。 1月30日，A股三大指数集体低开，截至10点左右，跌幅均超1%。黄金、基本金属板块领跌，个股现跌停潮。白银有色、兴业银锡、豫光金铅、中金黄 金、盛达资源等多股跌停。湖南黄金逆势涨停，录得5连板。消息面上，现货黄金白银全线飘绿。 | 代码 | 名称 | 现价 | 涨跌 | 涨跌幅 ▲ | 成交额 | 年初至今 | | --- | --- | --- | --- | --- | --- | --- | | 300139 | 晓程科技 | 67.57 | -16.81 | -19.92% | 22.89亿 | 122.56% | | 600459 | 贵研铂业 | 23.55 | -2.62 | -10.01% | 10.31亿 | 26.54% | | 000603 | 盛达资源 | 61.02 | -6.78 | -10.00% | 11.01亿 | 97.09% | | 603132 | 金徽股份 | 19.44 | -2.16 | -10.00% | 9639. ...

Group 1: Strategy Overview - The report emphasizes the resilience of the A-share market amidst multiple overseas risks and signals of regulatory easing in China, suggesting that the relationship between market performance and regulatory changes warrants further consideration [5][12] - It highlights the significant outperformance of the A-share market compared to other major indices, particularly the CSI 300, which has faced substantial redemption pressure [5][12] - The report suggests that investors should not overly worry about the CSI 300's performance, as it has already aligned with regulatory easing requirements, reducing the necessity for further pressure [5][12] Group 2: Economic Insights - China's exports continued to show strong performance in December, driven by overseas investment during a global easing cycle, positively impacting sectors like electrical and mechanical equipment [6][13] - Domestic consumption is recovering, with a rebound in per capita consumer spending in the fourth quarter, aligning with the report's annual strategy predictions [6][13] - The report notes that recent government policies aimed at boosting domestic demand and stabilizing real estate are expected to support synchronized recovery in both domestic and external demand [6][13] Group 3: Asset Allocation and Investment Recommendations - The report identifies a dual focus for 2026 on physical assets and Chinese assets, with thematic investments being essential [7][16] - Recommended sectors include physical assets such as copper, aluminum, tin, gold, lithium, and oil, alongside Chinese equipment export chains like electrical grid equipment and renewable energy [7][16] - The report also highlights sectors benefiting from capital market expansion and improving long-term asset returns, such as non-bank financials and consumer sectors like aviation and duty-free retail [7][16] Group 4: Company-Specific Insights - **Yunnan Aluminum Co. (000807.SZ)**: The report recommends a long-term investment due to favorable conditions for aluminum exports and a strong balance sheet, with potential for increased dividends [18] - **Hua Aluminum (600301.SH)**: The company is seen as a strong growth candidate due to rising tin and antimony prices and its position as a key beneficiary of metal consolidation in Guangxi [19] - **Yingliu Co. (603308.SH)**: The report anticipates a surge in global gas turbine demand, positioning the company to increase its market share in turbine blades [20] - **Shangfeng Cement (000672.SZ)**: The company is recognized for its strong cash flow from cement operations and potential for significant dividends [21] - **Pop Mart (9992.HK)**: The company is expected to maintain rapid growth in the entertainment market through IP incubation and diverse monetization strategies [22] - **China Duty Free Group (601888.SH)**: The company is projected to strengthen its market position in the duty-free sector, benefiting from increased inbound tourism and overseas expansion [24] - **China Southern Airlines (1055.HK)**: The airline is expected to benefit from improved industry supply-demand dynamics and a large fleet size [25] - **Li Auto (2015.HK)**: The company is focusing on advancements in AI and smart driving technology, with expectations for increased vehicle sales [26] - **Lante Optics (688127.SH)**: The company is positioned to benefit from strong demand in automotive and smart imaging sectors [27] - **InnoCare Pharma (9606.HK)**: The company is advancing in the ADC field with a robust pipeline and partnerships, with several products nearing clinical registration [29]

每经AI快讯，有投资者在投资者互动平台提问：尊敬的董秘，您好！ 1、请问贵公司是否已经建立财务 共享中心？哪年建立的？ 2、财务共享中心在技术上采用了哪些自动化或智能化工具？数字化程度按照 0-10打分得几分？ 华锡有色（600301.SH）1月28日在投资者互动平台表示，公司已建立财务共享平台，按地理区域划分 为五个片区，平台依托业财一体化系统推进数据互通，支持整体运营管理。 （文章来源：每日经济新闻） ...

Group 1 - The core viewpoint of the news highlights the significant surge in the performance of the Huabao Nonferrous Metal ETF (159876), which has reached a historical high with a price increase of over 4.2% and a current rise of 3.55% [1] - The Huabao Nonferrous Metal ETF has seen a net subscription of 12.9 million units, with a total inflow of 856 million yuan over the past 20 days, indicating strong investor interest [1] - Key stocks within the nonferrous metal sector, such as Silver Nonferrous, Hunan Gold, and Western Gold, have hit the daily limit, while others like Huafeng Aluminum and Tongling Nonferrous have risen over 8% [1][2] Group 2 - International gold prices have reached a new high of $5,220 per ounce, driven by various macroeconomic events and geopolitical tensions, leading to increased demand for gold as a safe-haven asset [2] - The World Gold Council reported that international gold prices surged by 67% in 2025, marking the most significant increase since 1979, while domestic gold prices rose by 58% [3] - Analysts suggest that the ongoing bullish sentiment in the gold market may continue, influenced by factors such as Federal Reserve interest rate expectations and geopolitical uncertainties [3][4] Group 3 - The market is currently witnessing a comprehensive bull market in nonferrous metals, with significant price increases across various metals including gold, silver, copper, and lithium [4] - Investment strategies recommend maintaining a 10%-20% allocation in the nonferrous metal sector within investment portfolios to capitalize on potential price increases while diversifying risk [3] - The Huabao Nonferrous Metal ETF and its linked funds cover a wide range of metals, allowing investors to better capture the overall sector's performance [3]

转自：前瞻产业研究院 以下数据及分析来自于前瞻产业研究院锑研究小组发布的《中国锑业市场前瞻与投资战略规划分析报 告》 行业主要上市公司：湖南黄金(002155);华锡有色(600301);华钰矿业(601020)等 本文核心数据：进出口数据;进出口产品结构;进口金额;出口金额等 贸易顺差转为逆差 我国锑行业进出口涉及的主要税则号包括：26171010、26171090、28258000、28309020、81101010、 81101020、81109000，税则号对应的商品名称具体如下： 注：2025年统计时间段为1-10月，下同。 进口金额大幅提升 据海关数据显示，2020-2024年中国锑行业进出口总额波动上升，2024年上升至8.2亿美元。行业长期处 于贸易顺差，2024年行业贸易顺差2.32亿美元。2025年，受海关禁令的影响，行业贸易顺差转为逆差， 为0.65亿美元。 行业出口金额及数量大幅下滑 从中华人民共和国海关总署统计数据来看，2020-2024年锑产品出口金额呈现波动态势，2024年为5.26 亿美元，同比上涨22%;此外，由于海关总署的禁令影响，中国锑出口量快速下滑，2024年出口量下降 ...

证券之星消息，1月27日小金属板块较上一交易日下跌1.61%，中国铀业领跌。当日上证指数报收于 4139.9，上涨0.18%。深证成指报收于14329.91，上涨0.09%。小金属板块个股涨跌见下表： 从资金流向上来看，当日小金属板块主力资金净流出32.55亿元，游资资金净流入7.21亿元，散户资金净 流入25.34亿元。小金属板块个股资金流向见下表： | 代码 名称 | | 主力净流入(元) | 主力净占比 游资净流入 (元) | | 游资净占比 散户净流入 (元) | | 散户净占比 | | --- | --- | --- | --- | --- | --- | --- | --- | | 002149 | 西部材料 | 6.741Z | 11.79% | -4.69 Z | -8.19% | -2.06 Z | -3.60% | | 601958 | 金铝股份 | 433.28万 | 0.24% | -2003.57万 | -1.11% | 1570.28万 | 0.87% | | 688750 | 金天钛业 | 424.46万 | 1.46% | -40.62万 | -0.14% | -383.85万 ...

1月27日，华锡有色跌5.07%，截至发稿，报56.34元/股，成交5.20亿元，换手率3.24%，总市值356.39亿 元。 霍顺朝累计任职时间2年294天，现任基金资产总规模310.41亿元，任职期间最佳基金回报26.96%， 任 职期间最差基金回报0.12%。 资料显示，广西华锡有色金属股份有限公司位于广西壮族自治区南宁市良庆区体强路12号北部湾航运中 心A座8-9层，成立日期1998年6月15日，上市日期2000年7月12日，公司主营业务涉及贸易业务和监理 业务;锡、锌、铅锑等有色金属勘探、开采、选矿等业务。主营业务收入构成为：有色金属产品 91.82%，有色金属深加工产品4.61%，工程监理及其他服务2.43%，其他(补充)0.89%，勘察、设计及咨 询服务0.25%。 声明：市场有风险，投资需谨慎。 本文基于第三方数据库自动发布，任何在本文出现的信息（包括但 不限于个股、评论、预测、图表、指标、理论、任何形式的表述等）均只作为参考，不构成个人投资建 议。受限于第三方数据库质量等问题，我们无法对数据的真实性及完整性进行分辨或核验，因此本文内 容可能出现不准确、不完整、误导性的内容或信息，具体以公司公 ...

有色金属板块多数低开，耐普矿机跌超5%，华锡有色、华钰矿业、北方铜业、锡业股份、国城矿业低 开超4%。 ...

Industry Investment Rating - The industry investment rating is maintained at "Outperform the Market" [1] Core Views - The report highlights that geopolitical events are accelerating the de-dollarization process, leading to a broad increase in commodity prices [4] - Precious metals are recommended for strong holding due to rising demand driven by political events and net selling pressure on U.S. Treasury bonds, with gold and silver prices increasing by 8.30% and 14.80% respectively [4] - Copper prices have risen by 1.09% due to a temporary easing of European risks, but there are signs of weak demand from downstream sectors [5] - Aluminum prices are expected to rise as supply continues to grow while demand shows signs of stabilization [5] - Tin prices have rebounded significantly due to macroeconomic factors and uncertainties in supply from conflict regions [6] - Lithium prices are on the rise due to low inventory levels and strong demand expectations, indicating a potential upward trend [6] Summary by Sections Industry Overview - The closing index for the industry is at 9972.0, with a weekly high of 9972.0 and a low of 4295.55 [1] Price Movements - Basic metals saw price changes: copper up 1.09%, aluminum up 0.25%, zinc up 1.08%, lead down 1.43%, and tin up 13.57% [19] - Precious metals experienced significant increases: gold up 8.30% and silver up 14.80% [19] - Lithium carbonate prices surged by 13.25% due to supply constraints [19] Inventory Levels - Global visible inventory changes: copper increased by 38,104 tons, aluminum by 21,952 tons, zinc by 2,662 tons, lead by 12,077 tons, tin by 16 tons, and nickel decreased by 1,711 tons [33][35]

| 序号 | 股东名称 | 持股比例; | | 认缴出资额(万元) 。 认缴出资日期 : 首次持股日期 : 关联产品/机构 | | | --- | --- | --- | --- | --- | --- | | | 西财金创业投资有限公司 | 35.00% | 17500 | 2026-01-22 | 广西财金创 | | | 国有企业 大股东 私募基金管理人 | | | | 발 | | 2 | 中南大学科技园发展有限公司 | 30.00% | 15000 | 2026-01-22 | | | | 国有企业 | | | | | | 3 | 西华锡有色金属股份有限公司 | 13.00% | 6500 | 2026-01-22 | 华锡有色 | | | 国有企业 华锡有色(600301.SH) | | | | | | | "西关键金属产业发展集团有限公司 | 12.00% | 6000 | 2026-01-22 | | | | 图有企业 | | | | | 企查查APP显示，近日，广西关键金属研究院有限责任公司成立，注册资本5亿元，经营范围包含：新 材料技术研发；专业设计服务；工程和技术研究和试验发展；对外承包工程 ...