证券研究报告 | 策略专题研究 | 中国策略 经济修复不及预期；公司基本面不及预期。 2026 年二月策略金股报告 ——投资组合报告 二月总量观点及金股组合 ❑ 二月浙商总量观点 宏观观点：宏观环境无忧，权益继续向好 策略观点：风格转换成长"轮休"，战略续看多、适度调结构 金工观点：下沉小市值，做多春节前 ❑ 二月浙商金股组合 电子：世运电路 电子：神工股份 消费电子：佰维存储 计算机：云赛智联 通信：科创新源 有色：盛屯矿业 有色：洛阳钼业 机械：中联重科 煤炭：淮北矿业 非银：东方证券 ❑ 风险提示 策略专题研究 报告日期：2026 年 02 月 01 日 分析师：李超 执业证书号：S1230520030002 lichao1@stocke.com.cn 分析师：陈奥林 执业证书号：S1230523040002 chenaolin@stocke.com.cn 研究助理：张沛 zhangpei@stocke.com.cn 相关报告 1 《以史为鉴：上证指数放量调 整后，如何演绎？》 2026.01.31 2 《风格转换成长"轮休"，战 略续看多、适度调结构》 2026.01.31 3 《春躁下半场，仍中盘成 ...

证券日报网讯1月29日，云赛智联（600602）在互动平台回答投资者提问时表示，公司将于3月28日披露 2025年年度报告。 ...

Investment Rating - The report assigns an "Overweight" rating for the computer industry [1] Core Insights - The establishment of a closed-loop system for data elements, combined with the catalysis of AI, is expected to accelerate the release of data value and the blossoming of the industry in 2026 [2][32] - The demand for AI applications is creating a significant supply gap in the data market, with daily token consumption for AI applications in China skyrocketing from 100 billion at the beginning of 2024 to over 30 trillion by mid-2025, reflecting a growth of over 300 times in just a year and a half [37] Summary by Sections Investment Recommendations - The report emphasizes the importance of focusing on various segments of the data supply chain, including data supply, data trading, data application development, data services, data security, computing power, and network infrastructure [7][8] The Fifth Production Element - Data has been officially recognized as the "fifth production element" by the Chinese government, alongside labor, capital, land, and technology, highlighting its critical role in modern production activities [11] - The top-level design and policy framework for data elements have become increasingly refined, with a focus on activating the potential of data elements and establishing a sound market environment [13][14] Recent Policy Developments - Since 2024, the pace of policy implementation regarding data elements has accelerated, transitioning from top-level design to actionable policies, thereby establishing a solid institutional foundation for the industrialization of data elements [18] - Key policies include the promotion of public and enterprise data resource development, the establishment of a high-efficiency data circulation market, and the enhancement of data infrastructure [19][20][24] AI and Data Market - The report highlights the emergence of a trillion-dollar blue ocean market in the data industry, with the industry value surpassing 2 trillion yuan in 2023 and expected to maintain a growth rate of over 20% annually in the coming years [43][44] - The integration of AI applications is expected to further stimulate the demand for high-quality data, creating a reciprocal relationship that enhances both AI performance and data value [39] Future Policy Outlook - The year 2026 is designated as the "Year of Data Element Value Release," with a focus on improving data flow and resource allocation channels, thereby enhancing the overall market ecosystem [32][33]

| 代码 | 名称 | 现价 | 涨跌幅 ▼ | | --- | --- | --- | --- | | 300017 网宿科技 | | 15.81 | 16.77% | | 300870 | 欧陆通 | 258.59 | 13.45% | | 000815 | 美利云 | 14.28 | 10.02% | | 002757 | 南兴股份 | 22.72 | 10.02% | | 300846 | 首都在线 | 29.02 | 7.92% | | 600602 | 云塞智联 | 23.21 | 4.69% | | 300383 | 光环新网 | 15.78 | 4.09% | | 688316 | 青云科技-U | 85.30 | 4.06% | | 600845 | 宝信软件 | 24.18 | 2.85% | | 300308 | 中际旭创 | 631.00 | 2.50% | | 002123 | 梦网科技 | 12.73 | 2.17% | 据证券时报，谷歌正式宣布将于2026年5月1日对CDN Interconnect、Direct Peering、Carrier Peering等方 式进行数据传输 ...

Group 1 - Naxing Co., Ltd. (南兴股份) reached a limit-up, while Wangsu Science & Technology (网宿科技) increased by 16%, Oulu Tong (欧陆通) rose by 13%, and Capital Online (首都在线) gained nearly 8% [2] - Other companies such as Yunzhai Zhili (云寨智联), Guanghuan Xinwang (光环新网), and Qingyun Technology (青云科技) also experienced increases [2] - The stock price changes for notable companies include: Wangsu Science & Technology at 15.81 with a rise of 16.77%, Oulu Tong at 258.59 with a rise of 13.45%, and Naxing Co., Ltd. at 22.72 with a rise of 10.02% [3] Group 2 - Google announced a price adjustment for data transmission methods such as CDN Interconnect, Direct Peering, and Carrier Peering, effective May 1, 2026, with prices in North America doubling [4]

融资融券数据显示，该股最新（1月26日）两融余额为6.92亿元，其中，融资余额为6.89亿元，融券余额 为295.40万元。近5日融资余额合计增加42.71万元，增幅为0.06%。融券余额合计减少10.64万元，降幅 3.48%。 2025年10月18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45.99亿元，同比增长 13.32%，实现净利润1.45亿元，同比下降8.28%。（数据宝） 云赛智联1月27日交易公开信息 | 买/ | 会员营业部名称 | 买入金额（万 | 卖出金额（万 | | --- | --- | --- | --- | | 卖 | | 元） | 元） | | 买一 | 沪股通专用 | 14363.20 | | | 买二 | 开源证券股份有限公司西安太华路证券营业部 | 11462.78 | | | 买三 | 国泰海通证券股份有限公司上海松江区中山东路证券营业 | 10174.72 | | | | 部 | | | | 买四 | 高盛(中国)证券有限责任公司上海浦东新区世纪大道证券 | 5228.77 | | | | 营业部 | | | | 买五 | 瑞银证券有限责任公司上海花园石桥 ...

证券之星消息，1月27日软件开发板块较上一交易日上涨0.65%，*ST立方领涨。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%。软件开发板块个股涨跌见下表： | 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | | --- | --- | --- | --- | --- | --- | --- | | 300344 | *ST立方 | - 1.38 | 20.00% | 121.86万 | | 1.61亿 | | 600602 | 云赛智联 | 22.17 | 10.02% | 125.12万 | | 26.73亿 | | 688171 | 纬德信息 | 59.98 | 7.99% | 2.53万 | | 1.47亿 | | 688435 | 英方软件 | 48.61 | 7.81% | 4.70万 | | 2.21亿 | | 002279 | 久其软件 | 10.82 | 7.13% | 258.90万 | | 28.04亿 | | 688206 | 概伦电子 | 41.22 | 6.62% | 13.29万 | | 5.4 ...

午后，A股三大指数震荡回升，半导体、贵金属、算力硬件等板块涨幅居前。截至收盘，上证指数涨0.18%，深证成指涨0.09%，创业板指涨0.71%。 | 航发科技 | | 53.12 +10.00% +14.93% | | --- | --- | --- | | 600391 離 | | | | 人气龙头3 7天4板 | 最终涨停13:16 发动机 | | | 航发控制 | 26.53 | +9.98% +7.38% | | 000738 融 | | | | 首板 最终涨停14:13 | | | | 万泽股份 | 30.80 | +8.45% +23.44% | | 000534 融 | | | | 领涨龙头1 发动机 | | | | 润贝航科 | 51.30 | +7.55% +20.35% | | 001316 | | | | 人气龙头1 关键材料 运营维修 | | | | 航亚科技 | 39.16 | +6.85% -0.86% | | 科创 688510 融 | | | | 发动机 | | | 板块方面，贵金属、半导体、培育钻石、汽车芯片等涨幅居前，养殖业、动物疫苗、煤炭开采加工等板块调整。 个股方面，白 ...

Group 1 - The top 20 stocks with the highest main capital inflow as of January 27 include Industrial Fulian (20.56 billion), Zhongji Xuchuang (17.76 billion), and Tianfu Communication (11.03 billion) [1][2] - The sectors represented among the top inflow stocks include consumer electronics, communication equipment, semiconductors, agriculture, and banking [2][3] - Industrial Fulian leads with a capital inflow of 20.56 billion, followed by Zhongji Xuchuang with 17.76 billion, and Tianfu Communication with 11.03 billion [1][2] Group 2 - Other notable stocks include Huada Technology (10.95 billion), Pingtan Development (10.66 billion), and Xinyi Technology (10.02 billion) [1][2] - The banking sector is represented by China Ping An with 6.67 billion and China Merchants Bank with 6.59 billion [2][3] - The data indicates a significant interest in technology and communication sectors, with multiple companies in these fields receiving substantial capital inflows [1][2][3]

人民财讯1月27日电，1月27日，在2026"智算申城"高峰论坛上，上海仪电牵头承建，联合百团百项7位 科学家代表联合发起"科学智能开放社区算力支持计划"。据悉，该项计划聚焦科学智能发展需求，构建 面向全球科学家的科学智能算力基础设施和智算云服务底座，为入驻科学家，提供一站式的科研工具、 模型、智能体服务和万卡级算力资源支持，助力科研范式变革。 ...