声明：本文仅作研究讨论用，只是个算法测试，不构成任何投资建议。股市有风险，决策需独立思考，搭建好自己的逻辑体系和风控体系，切忌人云亦 云。 这两周时间（20260124-20260207），大盘继续在调整。 测试单分出来的几个组合中，3月动量、1月动量、半月动量、综合交集、综合并集组合的收益率分别为：-0.67%、0.83%、-1.01%、-0.72%、-1.22%。 表现比大盘略好一些，当然，但就两周情况看不出什么来。 其实就上周的筛选结果来看，还有一只翻倍的股票，那就是民爆光电，不过它在期初是停牌状态，根本买不进去。 | | 沪深300 | | 3月动量策略1月动量策略半月动量策 综合策略 | | | | --- | --- | --- | --- | --- | --- | | 2025-10-04 | 1 | 1 | 1 | 1 | 1 | | 2025-10-18 | 0.9727 | 0.9783 | 0.9967 | 1.0198 | 1.0288 | | 2025-11-01 | 1.0000 | 1.0171 | 1.0331 | 1.0414 | 1.0591 | | 2025-11-15 ...

截至2026年2月6日 13:28，中证沪深港黄金产业股票指数(931238)上涨0.23%，成分股湖南黄金上涨 10.00%，潮宏基上涨9.98%，航民股份上涨9.95%，萃华珠宝上涨6.55%，莱绅通灵上涨6.34%。黄金股 票ETF基金(159322)上涨0.70%，最新价报2.02元。 消息面上，现货黄金重新站上4850美元/盎司，较日低反弹近200美元，日内涨1.57%。 华泰证券指出，逆全球化背景下央行持续增配黄金，成为金价中长期上涨的基石；若区域冲突风险常态 化、全球资产持续去美元化，黄金定价锚或由实际利率主导转向信用风险对冲框架，2026–2028年金价 中枢有望升至5400–6800美元/盎司。与此同时，全球可供投资黄金占金融资产比例目前仅2.89%，距离 2011年高点3.6%仍有显著增配空间，配置潜力尚未充分释放。 黄金股票ETF基金紧密跟踪中证沪深港黄金产业股票指数，中证沪深港黄金产业股票指数从内地与香港 市场中，选取50只市值较大且业务涉及黄金采掘、冶炼、销售的上市公司证券作为指数样本，以反映内 地与香港市场中黄金产业上市公司证券的整体表现。 数据显示，截至2026年1月30日，中证 ...

2026年2月6日，航民股份（sh600987）触及涨停，涨停价8.29元，涨幅9.02%，总市值83.91亿元，流通 市值83.91亿元，截止发稿，总成交额2.13亿元。 根据喜娜AI异动分析，航民股份涨停原因可能如下，扣非利润增长+股东回报提升+业务拓展： 1、公司 近期公告综合分析显示，扣非净利润同比增长3%，基本每股收益增长4.65%。扣非净利润增长体现主营 业务盈利能力提升，基本每股收益增长反映股东回报能力增强，这两个因素对股价有积极刺激作用。 2、航民股份聚焦"纺织印染 + 黄金饰品"双主业，还配套热电等产业。公司对航民科尔增资4500万元， 存在潜在业务拓展机会。近期，纺织和黄金行业均有一定热度，纺织行业随着消费市场的逐步复苏，需 求有望增加；黄金因具有避险和保值属性，在市场不确定性增加时受到投资者青睐，同行业部分股票也 有较好表现，形成板块联动。 3、从资金和技术面来看，虽然没有直接数据，但在公司基本面有一定利 好的情况下，可能吸引资金关注。若股价前期处于横盘整理，此次涨停可能是突破前期压力位的信号。 同花顺等财经数据平台若后续公布资金流向，若显示有主力资金流入，则进一步印证资金对其利好因素 ...

- The report introduces a quantitative model framework for market trend analysis, focusing on five asset style stages: external growth, quality growth, quality dividend, value dividend, and bankruptcy value. The model evaluates assets based on their intrinsic attributes and prioritizes them using the sequence of g > ROE > D, analyzing whether there are "good assets" and whether they are "expensive" [5][8][9] - The model incorporates key factors such as expected growth (gf), actual growth (g), profitability (ROE), high dividend (D), and bankruptcy value (B/P). Each factor is associated with specific market phases, e.g., expected growth is relevant across all phases, while profitability is emphasized during maturity phases [9][12] - The quantitative model has demonstrated strong historical performance, achieving an annualized return of 27.67% since 2009. It has shown consistent excess returns in most years, particularly post-2017, with limited effectiveness in years like 2011, 2012, and 2016 [19][22] - The model's backtesting results for specific years include notable excess returns, such as 51% in 2009, 36% in 2013, and 62% in 2022. However, it also recorded underperformance in years like 2011 (-11%) and 2014 (-4%) [22] - The report details six specific strategies derived from the model, each focusing on different factors: - **Expected Growth Strategy**: Selects industries with the highest analyst-forecasted growth rates. Recent recommendations include sectors like automotive sales, lithium equipment, and tungsten [38][39] - **Actual Growth Strategy**: Focuses on industries with the highest unexpected growth (△g). Current recommendations include photovoltaic equipment, insurance, and coal chemical sectors [40][41] - **Profitability Strategy**: Targets high-ROE industries with low valuations under the PB-ROE framework. Recommended sectors include copper, liquor, and non-dairy beverages [43][44] - **Quality Dividend Strategy**: Utilizes a DP+ROE scoring system to identify industries. Current recommendations include forestry, lithium equipment, and fiberglass [46][47] - **Value Dividend Strategy**: Employs a DP+BP scoring system. Recommended sectors include security, daily chemicals, and buses [49][50] - **Bankruptcy Value Strategy**: Focuses on industries with the lowest PB+SIZE scores. Current recommendations include automotive sales, ceramics, and cotton textiles [53][54]

证券之星消息，1月28日纺织制造板块较上一交易日上涨0.01%，航民股份领涨。当日上证指数报收于 4151.24，上涨0.27%。深证成指报收于14342.9，上涨0.09%。纺织制造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) | | | --- | --- | --- | --- | --- | --- | --- | | 600987 | 航民股份 | 8.02 | 10.01% | 30.59万 | | 2.36亿 | | 002144 | 宏达高科 | 14.59 | 7.04% | 25.30万 | | 3.68亿 | | 000850 | 华茂股份 | 6.48 | 4.18% | 31.65万 | | 2.03亿 | | 000726 | 鲁泰A | 7.81 | 2.23% | 17.41万 | | 1.35亿 | | 665109 | 百隆东方 | 7.16 | 1.70% | 19.55万 | | 1.39亿 | | 600527 | 江南高纤 | 2.29 | 0.44% | 73.75万 | | 1.69亿 | | 300979 ...

Core Viewpoint - The textile industry in China is experiencing a decline in export value, with a reported decrease in both monthly and cumulative export figures for 2025 compared to the previous year [1]. Industry Summary - As of December 2025, the total export value of the textile industry in China reached 24.86 billion, reflecting a year-on-year decrease of 1% [1]. - The cumulative export value for the entire year of 2025 was 259.52 billion, showing a slight decline of 0.9% year-on-year [1]. - A statistical chart detailing the export value of the textile industry from 2019 to 2025 has been compiled based on data from the National Bureau of Statistics [1]. Company Summary - Listed companies in the textile sector include Fengzhu Textile (600493), Jiangnan High Fiber (600527), Hangmin Co., Ltd. (600987), Bailong Oriental (601339), and others [1]. - The report by Zhiyan Consulting provides an in-depth analysis of the market landscape and future prospects for the industrial textile sector in China, indicating a focus on comprehensive industry solutions for investment decisions [1].

证券日报网讯 1月21日，航民股份在互动平台回答投资者提问时表示，2024年，公司境内收入占比 98.59%，境外收入占比1.41%。 （文章来源：证券日报） ...

Group 1 - The company, Hangmin Co., Ltd. (stock code: 600987), confirmed on an interactive platform that it does not have an employee stock ownership plan [1] - The company's gold jewelry business is actively responding to market demands for "refined, lightweight, and innovative" products by developing new items [1]

证券日报网讯1月21日，航民股份（600987）在互动平台回答投资者提问时表示，公司推动技术创新成 为第一竞争力，更新改造设备，开发新品、新工艺，以良好的业绩支撑公司内在价值。 ...

Core Viewpoint - The company is actively adapting to new changes in consumer demand by developing new products, services, and scenarios [1] Group 1 - The company is responding to shifts in consumer needs [1] - The company is focused on innovation in product development [1] - The company aims to enhance service offerings [1]