Core Viewpoint - The A-share real estate market has shown strong performance, with several key stocks experiencing significant gains following government discussions on policies to stabilize and boost the real estate market [1] Group 1: Market Performance - Shahe Co. reached a daily limit increase of 10%, while Zhu Mian Group rose over 6% and New Town Holdings increased by over 5% [1] - Other notable gainers include Yingxin Development, Jindi Group, and Jingtou Development, all rising over 4%, while Shen Zhen Ye A, China Merchants Shekou, and Vanke A saw increases of over 3% [1] Group 2: Policy Developments - The Jiangsu provincial government held a meeting with real estate professionals to discuss measures aimed at stabilizing and boosting the real estate market [1] - A closed-door seminar ahead of the National People's Congress suggested issuing additional government bonds, lowering interest rates, and stabilizing the housing market [1] - Fujian province released implementation opinions to promote high-quality urban development, focusing on the renovation of urban villages and old housing [1] - Shenzhen conducted a site meeting on urban renewal, emphasizing the need for tailored approaches to promote organic urban renewal and accelerate the construction of safe, comfortable, green, and smart housing [1]

Core Viewpoint - The A-share market is experiencing a strong performance in the real estate sector, with several companies seeing significant stock price increases due to supportive government policies aimed at stabilizing and boosting the real estate market [1] Group 1: Market Performance - Shahe Co., Ltd. reached the daily limit up with a 9.99% increase, bringing its total market value to 3.517 billion [2] - Zhuan Mian Group saw a rise of 6.64%, with a total market value of 15.1 billion [2] - New Town Holdings increased by 5.46%, with a market capitalization of 41 billion [2] - Other notable performers include Yingxin Development (+4.98%), Jindi Group (+4.82%), and Jingtou Development (+4.79%) [2] Group 2: Government Policies - Jiangsu Province government held a meeting to discuss policies to stabilize and boost the real estate market [1] - A closed-door seminar ahead of the National Two Sessions suggested measures such as issuing additional government bonds, lowering interest rates, and stabilizing the housing market [1] - Fujian Province issued implementation opinions to promote high-quality urban development, focusing on the renovation of urban villages and old housing [1] - Shenzhen City emphasized the need for organic urban renewal to accelerate the construction of safe, comfortable, green, and smart housing [1]

[Table_IndustryInfo] 2026 年 02 月 07 日 证券研究报告•行业研究•房地产 房地产行业周报（2.2-2.6） 一二手成交受春节错位影响同比跃升，环比强劲回暖 投资要点 西南证券研究院 [Table_Author] 分析师：李垚 执业证号：S1250525060001 电话：15618507501 邮箱：liyao@swsc.com.cn 分析师：李艾莼 执业证号：S1250525070004 电话：17396222897 邮箱：liac@swsc.com.cn [Table_QuotePic] 行业相对指数表现 -8% -1% 5% 12% 18% 25% 25/2 25/4 25/6 25/8 25/10 25/12 26/2 房地产 沪深300 本周[Table_Summary 房地产行业表现较 ] 强。本周（2.2-2.6），申万房地产板块上涨 0%，跑赢 沪深 300指数 1.3pp（沪深 300下跌 1.3%）；交易额 1205.2亿元，环比-23.7%。 从个股涨跌幅来看，本周京投发展、荣安地产、皇庭国际等个股涨幅显著。南 山控股、万业企业、三湘印象等个股跌幅显著。 ...

Market Overview - On February 6, the A-share market experienced significant volatility, with the three major indices initially rebounding after a low open, but ultimately closing lower. The Shanghai Composite Index fell by 0.25% to 4065.58 points, the Shenzhen Component Index decreased by 0.33% to 13906.73 points, and the ChiNext Index dropped by 0.73% to 3236.46 points. The total market turnover was 2.16 trillion yuan, a decrease of 30.8 billion yuan from the previous trading day, with over 2700 stocks rising [1]. Sector Performance Strong Performing Sectors - The mining and oil sectors saw gains, with stocks like Tongyuan Petroleum and Zhun Oil Co. hitting the daily limit [1]. - The chemical sector, particularly fluorine chemicals, showed strength, with Tianji Co. reaching the daily limit. Lithium mining and battery sectors were also active, with stocks such as Kosen Technology and Dingsheng New Materials hitting the daily limit [1]. - The traditional Chinese medicine sector led the market, with stocks like Te Yi Pharmaceutical and Hansen Pharmaceutical hitting the daily limit, supported by a new development plan from the Ministry of Industry and Information Technology [2]. - The chemical sector experienced a collective surge, driven by rising prices of disperse dyes due to increased costs of upstream intermediates [2]. - The power equipment sector rebounded, with stocks like Jinkong Electric and Sanbian Technology hitting the daily limit, reflecting strong demand in the electricity industry [2]. Weak Performing Sectors - The consumer sector, including liquor, tourism, and retail, faced a collective decline, with stocks like Huangtai Liquor hitting the daily limit down [4]. - Real estate-related concepts declined, with Jingtou Development falling over 5%, amid mixed expectations for industry recovery [5]. - AI application concepts saw a downturn, with various AI-related stocks experiencing declines due to uncertainties in commercialization [6]. - The "中字头" (state-owned enterprises) and financial sectors also retreated, as investors sought safer investment strategies following previous gains [6]. Institutional Insights - CICC remains optimistic about the revaluation of Chinese assets, noting that there are no typical signs of a market top despite external pressures. The firm suggests maintaining an overweight position in Chinese stocks and looking for buying opportunities during market fluctuations [7]. - Tianfeng Securities highlights that market sentiment is fragile, with short-term investors cashing out as a primary reason for recent declines in gold prices. They anticipate a period of volatility for gold but expect it to rebound later in the year [7]. - Huachuang Securities predicts a strong recovery in the consumption market during the 2026 Spring Festival, driven by government-led initiatives and diverse promotional activities, which may exceed market expectations [8].

登录新浪财经APP 搜索【信披】查看更多考评等级 证券代码：600683 证券简称：京投发展 公告编号：临2026-011 京投发展股份有限公司股票交易风险提示公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重大遗漏，并对其内容 的真实性、准确性和完整性承担法律责任。 重要提示： ● 公司股票于2026年2月2日、2月3日、2月4日连续三个交易日内日收盘价格涨幅偏离值累计超过20%， 根据《上海证券交易所交易规则》的有关规定，属于股票交易异常波动。公司于2026年2月5日披露了 《京投发展股份有限公司关于股票交易异常波动的公告》（临2026-010）。2026年2月5日，公司当日股 票价格以涨停价收盘，鉴于公司股票连续多日涨幅较大，敬请广大投资者注意交易风险，理性决策，审 慎投资。 ● 公司主营业务、生产经营情况以及经营业绩与前期披露的信息相比未发生重大变化。公司预计2025年 年度实现归属于母公司所有者的净利润为-123,000万元至-102,500万元。 ● 公司不存在应披露而未披露的重大信息，不存在影响公司股票交易价格异常波动的重大事项。 ● 公司敬请广大投资者注意二级市场交 ...

证券代码：600683 证券简称：京投发展 公告编号：临2026-011 京投发展股份有限公司 股票交易风险提示公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要提示： 目前公司主营业务仍以房地产开发为主，无重大变化。 2025 年前三季度，公司实现营业收入 5.55 亿元，同比下降 50.74%；实现归 属于上市公司股东的净利润-3.74 亿元。 2026 年 1 月 17 日，公司披露《2025 年年度业绩预告》，公司预计 2025 年年 1 度实现归属于母公司所有者的净利润为-123,000 万元至-102,500 万元，其中归 属于母公司普通股股东的净利润为-148,800 万元至-128,300 万元，归属于其他 权益持有者的净利润为 25,800 万元，其他权益持有者系公司发行永续融资产品 持有者。 二、二级市场交易风险 ● 公司股票于 2026 年 2 月 2 日、2 月 3 日、2 月 4 日连续三个交易日内日 收盘价格涨幅偏离值累计超过 20%，根据《上海证券交易所交易规则》的有关规 定，属于股票交易 ...

Core Viewpoint - The company's stock experienced significant price fluctuations, with a cumulative increase of over 20% during three consecutive trading days from February 2 to 4, 2026, indicating abnormal volatility [1] Financial Performance - For the first three quarters of 2025, the company's revenue was 555 million, representing a year-on-year decline of 50.74% [1] - The net profit for the same period was -374 million [1] - The company anticipates a net profit attributable to the parent company for the entire year of 2025 to be between -1.23 billion and -1.02 billion [1] Risk Advisory - The company stated that its fundamentals remain unchanged and reminded investors to be cautious of trading risks and to make rational decisions [1]

| 股票基金信息 | | --- | | 交易日期 -- 证券简称 | | 证券代码 | 成交价(元) 成交金额[万元) 成交量( *) 买入营业部 | | | 卖出营业部 | 是否为专场 | | --- | --- | --- | --- | --- | --- | --- | --- | | 026-02-05 | 京投发展 | 600683 | 6.08 486.4 80 | 委音管理贸贸易 | 送高量控劈致意甲 | | кар | 2月5日，京投发展大宗交易成交80万股，成交额486.4万元，占当日总成交额的1.08%，成交价6.08元， 较市场收盘价6.6元折价7.88%。 ...

Market Overview - A total of 44 stocks hit the daily limit, while 10 stocks faced limit down, resulting in a sealing rate of 81%. The three major indices narrowed their losses in the afternoon after initially dropping over 1%. The North Securities 50 Index fell over 2%. The total trading volume in the Shanghai and Shenzhen markets was 2.18 trillion yuan, a decrease of 304.8 billion yuan compared to the previous trading day. Over 3,700 stocks in the market declined. Consumer sectors such as film, beauty care, food and beverage, and retail led the gains, while sectors like photovoltaic, precious metals, electric grid equipment, and lithium mining faced declines. By the close, the Shanghai Composite Index fell by 0.64%, the Shenzhen Component Index by 1.44%, and the ChiNext Index by 1.55% [1][3]. Stock Performance Analysis - The advancement rate for consecutive limit-up stocks dropped to 23.08%, with a notable divergence in high-level stocks. Two previously high-profile stocks that achieved four consecutive limit-ups failed to advance further. Recent active funds have continued to gather around high-profile stocks involved in mergers and acquisitions or equity transfers. The stock "Minbao Optoelectronics," a merger and acquisition stock, achieved a significant turnover and maintained its four consecutive limit-ups. Meanwhile, stocks related to equity transfers, such as "Jiamei Packaging" and "Fenglong Co.," showed a weak-to-strong trend and reached historical highs. Despite the recent recovery in the consumer sector, the overall market sentiment remains poor due to the continued shrinkage of trading volume [3][4]. Sector Highlights - The Ministry of Commerce and eight other units recently issued a notice regarding the "2026 'Shopping New Spring' Special Activity Plan," signaling the start of the Spring Festival consumption peak. Benefiting from the release of several new films during the Spring Festival, the film sector has rebounded, with stocks like "Hengdian Film" recovering from previous declines. The retail sector has also seen significant gains, with stocks such as "Hangzhou Jiebai" and "Xinhua Du" hitting the daily limit. The liquor sector has performed well, with "Kweichow Moutai" achieving four consecutive gains, bringing its total market value close to 1.95 trillion yuan. The financial sector has shown strength in the afternoon, reflecting a recovery in some city commercial banks' performance [5][7]. Technology and Cloud Services - Following price increases by major North American cloud service providers like Google and Amazon, domestic cloud service providers are under scrutiny regarding when they will implement price hikes. The emergence of the open-source AI assistant "OpenClaw" has sparked interest among domestic cloud providers, leading to a resurgence in the computing power leasing concept. Stocks such as "Qunxing Toys" and "Erli San" have rebounded significantly. The latest financial report from Infineon, a power semiconductor giant, exceeded expectations, indicating that power semiconductors may become a new growth area under the increasing demand for data center power [6][9]. Investment Trends - In January 2026, the number of new investor accounts reached 4.9158 million, a month-on-month increase of 89% and a year-on-year surge of 213%. The fund market also saw a hot trend, with 546,300 new accounts opened, reflecting increases of 123.8% month-on-month and 168.7% year-on-year. The financial sector showed strong performance in the afternoon, with stocks like "Hualin Securities" hitting the daily limit. Internet financial platforms have outperformed traditional brokerages, with companies like "Tonghuashun" forecasting a more than 50% increase in net profit year-on-year [7][9]. Commercial Space and Aerospace - The U.S. Federal Communications Commission (FCC) has accepted SpaceX's application to build a non-geostationary satellite system, leading to a continued recovery in the commercial space sector. Stocks such as "Shenjian Co." and "Beimo High-Tech" hit the daily limit, while previously popular stocks in the space photovoltaic sector have cooled down. The acceleration of the space photovoltaic concept is closely related to Elon Musk's plans for significant expansion, with several companies issuing clarifications regarding rumors in the industry [8][9].

京投发展盘中涨停，已连收3个涨停板，截至9:32，该股报6.60元，换手率3.51%，成交量2598.26万股， 成交金额1.63亿元，连续涨停期间，该股累计上涨33.33%，累计换手率为16.59%。最新A股总市值达 48.89亿元。 龙虎榜数据显示，该股因连续三个交易日内，涨幅偏离值累计达20%、日涨幅偏离值达7%上榜龙虎榜1 次，买卖居前营业部中，营业部席位合计净买入1000.11万元。 1月17日公司发布2025年业绩预告，预计实现净利润-14.88亿元至-12.83亿元，同比变动区间 为-7.80%~7.05%。 据天眼查APP显示，京投发展股份有限公司成立于1992年09月08日，注册资本74077.7597万人民币。 （数据宝） 近日该股表现 1月17日公司发布2025年业绩预告，预计实现净利润-14.88亿元至-12.83亿元，同比变动区间 为-7.80%~7.05%。 | 日期 | 当日涨跌幅（%） | 换手率（%） | 主力资金净流入（万元） | | --- | --- | --- | --- | | 2026.02.04 | 10.09 | 11.93 | -2764.70 | | 20 ...