每经记者｜王海慜 陈晨 每经编辑｜李凯 张昊 彭水萍 2026年1月，随着商业航天板块的剧烈震荡，一个在A股市场萦绕已久的神秘名字——"陈小群"，再次被推向舆论的风口浪尖。与以往不同的是，这场围 绕"天才游资"的炒作狂欢，主角已不仅是那个身份成谜、真假难辨的网络"股神"，更是由第三方交易软件、持牌券商及投顾共同构建的庞大"助推阵营"。 登录新浪财经APP 搜索【信披】查看更多考评等级 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！ 《每日经济新闻》记者深入调查发现，这是一场多方博弈的资本市场"造神"运动：同花顺、东方财富、Wind、通达信等流量巨头通过算法将中国银河证 券大连黄河路营业部直接锚定为"陈小群"席位，申万宏源、光大证券、中泰证券、山西证券、国元证券、西南证券、中原证券、首创证券、第一创业、浙 商证券等持牌机构在App中为这一坊间传闻打上貌似事实的标签。 正是由于上述第三方流量巨头以及10余家券商为龙虎榜（龙虎榜是A股市场特有的信息披露制度：当股票因涨跌幅、换手率等异常波动时，交易所收盘后 公布其买卖前5名席位的金额、数量等交易细节）席位、个股打上的"陈小群"标签，让大量散 ...

Market Overview - As of January 19, the Shanghai Composite Index closed at 4114.00 points, up 12.09 points, with a gain of 0.29% [1] - The Shenzhen Component Index closed at 14294.05 points, up 12.97 points, with a gain of 0.09% [1] - The ChiNext Index closed at 3337.61 points, down 23.41 points, with a decline of 0.70% [1] Stock Performance - A total of 86 A-shares had a turnover rate exceeding 20%, indicating significant trading activity [1] - Key stocks with high turnover rates included: - Kema Materials (科马材料) with a turnover rate of 62.05% and a closing price of 40.25 yuan, down 26.75% [1] - Kuntai Co. (坤泰股份) with a turnover rate of 54.99% and a closing price of 24.74 yuan, up 4.70% [1] - Sanbian Technology (三变科技) with a turnover rate of 48.63% and a closing price of 21.97 yuan, up 10.02% [1] - Nabichuan (纳百川) with a turnover rate of 44.29% and a closing price of 80.88 yuan, up 8.83% [1] - Hongxiang Co. (红相股份) with a turnover rate of 40.96% and a closing price of 17.99 yuan, up 15.17% [1] Notable Stocks - Other notable stocks with high turnover rates included: - Kangqiang Electronics (康强电子) at 40.96% turnover, closing at 23.48 yuan, up 7.46% [1] - Fangzheng Electric (方正电机) at 39.47% turnover, closing at 16.53 yuan, up 5.09% [1] - Shuangjie Electric (双杰电气) at 39.16% turnover, closing at 14.82 yuan, up 20.00% [1] - Deen Precision (德恩精工) at 39.15% turnover, closing at 24.19 yuan, up 2.76% [1] - C Zhi Xin (C至信) at 37.80% turnover, closing at 52.04 yuan, down 6.54% [1]

Group 1 - The stock price of Huasheng Tiancheng dropped by 9.37% to 19.93 CNY per share, with a trading volume of 311 million CNY and a turnover rate of 1.43%, resulting in a total market capitalization of 21.853 billion CNY [1] - Huasheng Tiancheng, established on November 30, 1998, and listed on April 27, 2004, is primarily engaged in the development, consulting, and services of communication software, as well as system integration and sales of related products [1] Group 2 - Southern Fund's South China CSI 2000 ETF (159531) reduced its holdings in Huasheng Tiancheng by 12,600 shares, now holding 85,700 shares, which constitutes 0.3% of the fund's net value, making it the second-largest holding [2] - The South China CSI 2000 ETF has a current scale of 543 million CNY, with a year-to-date return of 7.54% and a one-year return of 49.6%, ranking 1911 out of 5579 and 1371 out of 4225 respectively [2]

Core Viewpoint - The commercial aerospace sector has become a major focus in the A-share market since the beginning of 2026, with prominent investor Chen Xiaoqun playing a significant role in driving stock prices, but recent regulatory actions have led to a sharp decline in this sector, causing controversy around Chen Xiaoqun's trading activities [1][4][8]. Group 1: Market Dynamics - The commercial aerospace sector was previously experiencing a surge, driven by speculative trading, but has recently faced a significant downturn due to regulatory measures aimed at cooling the market [8][9]. - On January 16, multiple stocks in the commercial aerospace sector, including Shenglu Communication and Haige Communication, hit their daily limit down, indicating a rapid sell-off [5][8]. - Regulatory actions included raising margin requirements to 100%, suspending certain trading accounts, and conducting investigations into specific stocks, which collectively aimed to temper the overheated market [8][9]. Group 2: Chen Xiaoqun's Trading Activities - Chen Xiaoqun's trading style, characterized by emotional cycles and strict discipline, has garnered significant attention, with his past performance reportedly yielding a 20-fold return over a year and three months [4]. - On January 15, Chen's seat bought shares worth 5.4219 billion yuan in Huasheng Tiancai, and on January 16, he sold 5.126 billion yuan of the same stock, indicating a rapid exit from the market [5][6]. - Chen's heavy investments in leading stocks within the commercial aerospace sector, such as Aerospace Development and Jinfeng Technology, have left him with substantial holdings that are now under pressure due to the market's downturn [6][7]. Group 3: Investor Sentiment and Reactions - The market sentiment has turned negative, with many retail investors expressing dissatisfaction towards Chen Xiaoqun, whom they had previously idolized as a "stock god" [5][8]. - Some investors believe that the criticism directed at Chen stems from those who followed his trades and subsequently faced losses, highlighting a lack of independent judgment among retail investors [8][9]. - Analysts suggest that the current situation reflects a broader issue in the market, where speculative trading can lead to significant volatility, and emphasize the importance of aligning investment strategies with policy directions and industry trends [9].

1月16日公开信息显示，沪股通席位共现身16只个股龙虎榜。 证券时报·数据宝统计显示，1月16日共有62只个股上榜龙虎榜，其中，16只个股前五大买卖营业部中出 现沪股通专用席位的身影。净买入的有佰维存储、华胜天成、大位科技等，净买入金额分别为21507.01 万元、11926.58万元、9556.89万元。净卖出的有航天机电、甬矽电子、外服控股，净卖出金额分别为 9855.99万元、6448.59万元、452.75万元。 | 代码 | 简称 | 沪股通专用席位净买入（万元） | 当日涨跌幅（%） | 当日换手率（%） | | --- | --- | --- | --- | --- | | 688525 | 佰维存储 | 21507.01 | 17.19 | 12.18 | | 600410 | 华胜天成 | 11926.58 | -9.95 | 43.47 | | 600589 | 大位科技 | 9556.89 | -6.15 | 24.03 | | 600703 | 三安光电 | 8209.91 | 10.03 | 6.50 | | 688234 | 天岳先进 | 7764.65 | 20.00 | 4.9 ...

Group 1 - Huaseng Tiancheng's revenue from AI-related business currently accounts for a low proportion of the company's overall operating income [1] - Xinhua Department Store has no plans to inject assets related to semiconductors, integrated circuits, or chips into the company [1] - Triangle Tire plans to invest 3.219 billion yuan to establish a new project in Cambodia with an annual production capacity of 7 million high-performance radial tires [1] Group 2 - Tianhong Co., Ltd.'s subsidiary has won a bid for an AI service procurement project from AVIC Technology [1] - Xinghua New Materials intends to acquire at least 51% of Tian Kuan Technology's shares [1] - Luxshare Precision plans to repurchase company shares worth between 1 billion to 2 billion yuan [1] Group 3 - Rui Zhi Pharmaceutical's Liang Yufeng and Yu Xianwen plan to collectively reduce their holdings by no more than 6% [1] - Tian Sheng New Materials plans to raise no more than 253 million yuan through a private placement to Rongsheng Zhizhi [1] - Zhongchuang Zhiling intends to issue convertible bonds to raise no more than 4.35 billion yuan for investment in high-end components for the new energy vehicle industry [2]

（原标题：华胜天成龙虎榜数据（1月16日）） 华胜天成(600410)今日下跌9.95%，全天换手率43.47%，成交额109.00亿元，振幅10.51%。龙虎榜数据 显示，沪股通净买入1.19亿元，营业部席位合计净卖出3.20亿元。 上交所公开信息显示，当日该股因日换手率达43.47%上榜，沪股通净买入1.19亿元。 证券时报•数据宝统计显示，上榜的前五大买卖营业部合计成交21.96亿元，其中，买入成交额为9.97亿 元，卖出成交额为11.98亿元，合计净卖出2.01亿元。 资金流向方面，今日该股主力资金净流出17.89亿元，其中，特大单净流出17.12亿元，大单资金净流出 7618.45万元。近5日主力资金净流出11.74亿元。 融资融券数据显示，该股最新（1月15日）两融余额为23.02亿元，其中，融资余额为23.02亿元，融券余 额为32.97万元。近5日融资余额合计增加9.14亿元，增幅为65.83%。融券余额合计增加6.35万元，增幅 23.84%。 2025年10月29日公司发布的三季报数据显示，前三季度公司共实现营业收入31.72亿元，同比增长 6.54%，实现净利润3.58亿元，同比增长26 ...

Core Viewpoint - The Shanghai Composite Index fell by 0.26% on January 16, with the electronics and automotive sectors showing the highest gains, while the media and computer sectors experienced significant declines [1]. Industry Summary Computer Industry - The computer industry declined by 2.23%, with a net outflow of 16.848 billion yuan in main funds. Out of 336 stocks in this sector, 70 rose, 1 hit the daily limit up, while 265 fell, with 4 hitting the daily limit down [1]. - Among the stocks with net inflows, 69 saw funds entering, with 15 exceeding 50 million yuan. The top inflow was for iFlytek, with a net inflow of 739 million yuan, followed by State Grid Information and Inspur Information with inflows of 142 million yuan and 133 million yuan, respectively [1]. - The stocks with the highest net outflows included Huasheng Tiancheng, with a net outflow of 1.789 billion yuan, followed by Hand Information and Yonyou Network with outflows of 953 million yuan and 742 million yuan, respectively [1][2]. Fund Flow Rankings - **Top Inflow Stocks**: - iFlytek (002230): +0.49%, 7389.4 million yuan - State Grid Information (600131): +2.59%, 1418.4 million yuan - Inspur Information (000977): -0.06%, 1330.1 million yuan [1]. - **Top Outflow Stocks**: - Huasheng Tiancheng (600410): -9.95%, -17886.0 million yuan - Hand Information (300170): -12.17%, -9531.9 million yuan - Yonyou Network (600588): -8.06%, -7420.1 million yuan [2].

Group 1 - The stock of Huasheng Tiancheng fell by 9.95% today, with a trading volume of 10.9 billion yuan and a turnover rate of 43.47% [1] - The Shanghai Stock Connect special seat bought 385 million yuan and sold 266 million yuan [1] - China Galaxy's Dalian Huanghe Road recorded a net sell of 513 million yuan [1]

Core Viewpoint - The data indicates significant outflows of capital from various stocks, with notable declines in share prices across multiple sectors, suggesting a bearish sentiment in the market. Group 1: Stock Performance and Capital Outflow - The top stock with the highest capital outflow is TBEA Co., Ltd. (特变电工), with an outflow of 3.085 billion yuan and a price drop of 2.67% [1][2] - BlueFocus Communication Group (蓝色光标) experienced a capital outflow of 2.024 billion yuan, with a significant price decline of 11.52% [1][2] - Zijin Mining Group (紫金矿业) saw an outflow of 2.009 billion yuan and a price decrease of 2.04% [1][2] - China Satellite Communications (中国卫星) had a capital outflow of 1.729 billion yuan, with a price drop of 4.61% [1][2] - Contemporary Amperex Technology Co., Ltd. (宁德时代) experienced an outflow of 1.579 billion yuan and a minor price decline of 0.4% [1][2] Group 2: Sector Analysis - The electric equipment sector, represented by TBEA Co., Ltd., shows a significant capital outflow, indicating potential challenges in this industry [2] - The cultural communication sector, represented by BlueFocus, is facing substantial capital withdrawal, reflecting investor concerns [2] - The non-ferrous metals sector, including companies like Zijin Mining and China Aluminum (中国铝业), is also experiencing notable outflows, suggesting a broader trend affecting commodity-related stocks [2][3] - The software development sector, represented by companies like Yonyou Network (用友网络) and Weining Health (卫宁健康), is witnessing significant capital outflows, indicating potential vulnerabilities in this area [3]