A股市场超3700股飘绿，有色板块跌幅居前，白银有色、湖南白银跌停，四川黄金逼近跌停；煤 炭、石油、电力等板块集体走低；光伏产业链股集体下挫，捷佳伟创、迈为股份跌超10%，钧达 股份等跌停；银行板块逆市上扬，厦门银行午后涨停，重庆银行涨近6%；影视股集体走高，幸福 蓝海涨超11%，横店影视、金逸影视涨停；零售板块午后崛起，茂业商业、三江购物尾盘异动， 直线拉升涨停；食品饮料股拉升，海欣食品、安记食品涨停。值得注意的是，民爆光电连续4日 涨停续创历史新高。 A股今日(2月5日）整体疲弱，沪指盘中跌超1%，创业板指一度跌超2%；港股尾盘止跌回升， 恒生指数翻红，恒生科技指数一度涨近1%。 具体来看，两市主要股指盘中弱势下探，沪指一度跌超1%，尾盘跌幅有所收窄。截至收盘，沪指 跌0.64%报4075.92点，深证成指跌1.44%，创业板指跌1.55%，北证50指数跌逾2%，沪深北三市合 计成交约2.19万亿元，较此前一日减少逾3000亿元。 港股方面，百胜中国、东方甄选涨超10%，海底捞涨约4%；紫金矿业跌近5%。 银行板块拉升 银行板块今日逆市拉升，截至收盘，厦门银行涨停，重庆银行涨近6%，上海银行涨逾4%，南京 ...

Market Overview - The A-share market experienced a volume contraction and adjustment on February 5, with the Shanghai Composite Index down 0.64%, the Shenzhen Component Index down 1.44%, the ChiNext Index down 1.55%, and the Sci-Tech Innovation Board Index down 1.44% [2][3]. Sector Performance - The photovoltaic industry chain saw a significant decline, while gold and basic metals sectors also adjusted. Notably, semiconductor and computing hardware concept stocks experienced marked declines. Conversely, the consumer sector showed resilience, with retail, duty-free shops, film, liquor, and tourism stocks rising [2][3]. Consumer Sector Highlights - The consumer sector performed strongly, with stocks such as Maoye Commercial, Sanjiang Shopping, Three Gorges Tourism, and Haixin Food reaching their daily limit up [4]. Notable Stock Movements - Specific stocks that saw significant gains include: - Huangting International: +10.11% at 2.07 - Maoye Commercial: +10.04% at 7.78 - Sanjiang Shopping: +10.02% at 20.20 - Hangzhou Jiebai: +9.99% at 9.80 - Dongzi Group: +7.98% at 17.18 [5]. Financial Sector Performance - The financial sector strengthened in the afternoon, with stocks like Hualin Securities and Xiamen Bank hitting their daily limit up [5]. Market Activity - The total trading volume in the Shanghai and Shenzhen markets was 2.18 trillion, a decrease of 304.8 billion from the previous trading day, with over 3,700 stocks declining [6]. Capital Flow Analysis - Main capital flows showed a net inflow into sectors such as media, food and beverage, and banking, while there was a net outflow from power equipment, non-ferrous metals, and telecommunications [9]. Individual Stock Inflows and Outflows - Notable net inflows were observed in: - Pingtan Development: 1.278 billion - Wangsu Science & Technology: 682 million - N Beixin-U: 666 million - Conversely, significant net outflows were recorded for: - Zijin Mining: 2.275 billion - Xinyi Technology: 1.816 billion - Aerospace Development: 1.691 billion [10][11]. Institutional Insights - DeXun Securities noted that technology stocks are under pressure ahead of the holiday, with capital flowing towards consumer sectors as a risk-averse strategy [12]. - Guodu Securities highlighted increased market volatility, suggesting a balanced market style ahead of the holiday [13]. - Debang Securities indicated that clearing short-term risks could help improve market risk appetite, supporting the continuation of the spring market trend [14].

Group 1 - The A-share tax refund store sector has shown a continuous rise, with Maoye Commercial reaching the daily limit increase [2] - Hangzhou Xie Bai previously hit the daily limit, while Bai Da Group increased by over 5% [2] - Other stocks such as Guangbai Co., Hebai Group, Yuyuan, Bailian Group, and New World also experienced gains [2]

Buyback Announcements - GoerTek has repurchased 1.14% of its shares, spending 1.108 billion yuan, with a total of 40.5481 million shares repurchased at prices ranging from 20.35 to 34.09 yuan per share [18] - Midea Group has repurchased 0.35% of its shares, spending 1.998 billion yuan, with a total of 26.9437 million shares repurchased at prices ranging from 69.50 to 80.44 yuan per share [17] - SF Holding has repurchased approximately 48.2887 million A-shares, with a total amount of about 1.899 billion yuan [1] Stock Trading Anomalies - Maoye Commercial has experienced a significant stock price increase, with a cumulative deviation of 20% over two trading days, indicating potential market overheating and high speculation risk [2] - Jinhui Liquor reported a cumulative stock price deviation of over 20% over three trading days, confirming normal production and no undisclosed major information [3] - Yangtze Optical Fiber has noted that the global optical fiber and cable market environment is normal, with new products related to data centers representing a small proportion of total demand [4] Profit Distribution Plans - Ningbo Fuda plans to distribute a cash dividend of 0.7 yuan per 10 shares, totaling 101 million yuan, which accounts for 59.85% of the net profit attributable to shareholders for the first three quarters of 2025 [5] Corporate Investments - Southwest Securities has received approval from the China Securities Regulatory Commission to issue bonds totaling up to 14 billion yuan [6] - Guoneng Rixin plans to increase its stake in Sanas Zhihui to 31% through an investment of 17.625 million yuan, enhancing its capabilities in new energy asset operation services [7] Production Updates - Weiyuan Co. has successfully launched a 250,000 tons/year electrolyte solvent project, enhancing its production capacity for various chemical products [8] Financial Performance - Lianyun Technology reported a net profit of 142 million yuan for 2025, a year-on-year increase of 20.36%, driven by growth in storage product demand [12] - Shanghai Yizhong reported a net profit of 64.132 million yuan for 2025, a significant increase of 819.42%, attributed to the inclusion of its core product in the national medical insurance directory [13]

Investment Rating - The industry investment rating is "Outperform the Market," indicating that the industry index is expected to perform better than the benchmark index over the next 6-12 months [12]. Core Insights - The report highlights the imminent issuance of the first batch of commercial real estate REITs, with significant potential for revitalizing existing assets [1]. - The expansion of the public REITs market from infrastructure to commercial real estate marks a new phase in China's REITs development, with regulatory support aimed at enhancing issuance efficiency and encouraging asset integration [3]. - The report anticipates that commercial real estate REITs will accelerate in 2026, driven by policy support and the performance of initial projects, while emphasizing the importance of asset quality and operational capabilities for long-term success [3]. Summary by Sections Commercial Real Estate REITs Overview - The first batch of commercial real estate REITs is set to raise a total of approximately 314.7 billion yuan, covering various commercial formats such as hotels, office buildings, and shopping centers [3]. - The report details eight commercial real estate REITs that have been submitted for approval, with expected fundraising sizes ranging from 17.03 billion yuan to 74.7 billion yuan [5][6]. Specific REITs Details - **Huitianfu Shanghai Real Estate REIT**: Expected to raise 40.02 billion yuan, with underlying assets including two office buildings in Shanghai [5]. - **Huazhong Jinjiang REIT**: Expected to raise 17.03 billion yuan, focusing on 21 hotels across 18 cities [5]. - **CICC Vipshop REIT**: Expected to raise 74.7 billion yuan, with underlying assets in Zhengzhou and Harbin [5]. - **Huazhong Lujiazui REIT**: Expected to raise 28.10 billion yuan, with assets in Shanghai [6]. - **Huazhong Poly Development REIT**: Expected to raise 20.93 billion yuan, with assets in Guangzhou and Foshan [6]. - **Huazhong Yintai REIT**: Expected to raise 42.785 billion yuan, focusing on the Hefei Yintai Center [6]. - **Huazhong CapitaLand REIT**: Expected to raise 40.54 billion yuan, with assets in Shenzhen and Mianyang [6]. - **Guotai Haitong Sazhi Chuan REIT**: Expected to raise 50.64 billion yuan, focusing on the Sazhi Chuan outlet in Xi'an [6]. Market Potential and Future Outlook - The report emphasizes the substantial existing stock of commercial real estate in China, which provides a solid foundation for the development of commercial real estate REITs [3]. - The retail sector alone has over 9,000 concentrated commercial properties, while the hotel sector has approximately 1.764 million rooms, indicating a strong demand for asset revitalization through REITs [3]. - The report suggests that companies with mature and stable assets, such as Poly Development and Meiyue Commercial, are likely to have a competitive advantage in the REITs market [3].

茂业商业股份有限公司 股票交易异常波动公告 特别提示：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个别及连 带责任。 重要内容提示： ●茂业商业股份有限公司（以下简称"公司"、"本公司"）股 票于2026年1月30日、2月2日连续两个交易日内日收盘价格涨幅偏离值 累计达到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。 证券代码：600828 证券简称：茂业商业 编号：临 2026-011 号 ●经公司自查，并向公司控股股东及实际控制人书面发函询证， 截至本公告披露日，除公司已披露事项外，本公司及控股股东、实际 控制人不存在应披露而未披露的重大事项。 ●二级市场交易风险：截至2026年2月2日，公司静态市盈率、动 态市盈率分别为337.57、225.36，申万零售指数静态市盈率、动态市 盈率分别为59.86、54.96，公司相关指标均显著高于行业水平。请广 大投资者注意二级市场交易风险，理性决策，审慎投资。 ●业绩下降风险：经公司财务部门初步测算，预计公司2025年实 现归属于上市公司股东的净利润约为-24, ...

据交易所数据显示， 茂业商业连续两个交易日涨停，晋级2连板。该股今日于14时55分封涨停，成交额 9.30亿元，换手率7.96%。金融界App AI线索挖掘：近期零售板块受到政策及市场活动推动，九部门印 发2026乐购新春春节特别活动方案，提出通过商旅文体健融合、 线上线下联动组织开展春节促消费活 动；同时有平台投入30亿元启动春节攻势，全面接入多个生态业务以促进春节期间消费，相关举措对零 售行业形成积极影响，茂业商业受此带动引发市场关注。 风险提示：连板股波动剧烈，注意追高风 险，理性投资！（注：以上由AI基于交易所等公开数据生成，内容不构成投资建议。） ...

每经AI快讯，2月2日，A股退税商店板块局部异动，茂业商业直线拉升触达涨停。 （文章来源：每日经济新闻） ...

A股退税商店板块局部异动，茂业商业直线拉升触达涨停。 ...

每经AI快讯，2月2日，A股零售板块午后走高，新华百货此前涨停，三江购物涨超9％，茂业商业、东 百集团、丽人丽妆、海宁皮城等个股跟涨。 （文章来源：每日经济新闻） ...