中国经济网北京2月5日讯 北京证券交易所上市委员会2026年第13次审议会议于2026年2月4日上午召 开，审议结果显示，广东华汇智能装备股份有限公司（以下简称"华汇智能"）符合发行条件、上市条件 和信息披露要求符合发行条件、上市条件和信息披露要求。这是2026年过会的第17家企业（其中，上交 所和深交所一共过会5家，北交所过会12家）。 华汇智能本次发行的保荐机构是国泰海通证券股份有限公司，保荐代表人雷浩、刘裕俊。这是国泰海通 今年保荐成功的第3单IPO项目。2026年1月20日，国泰海通保荐的无锡理奇智能装备股份有限公司过 会；1月28日，国泰海通保荐的浙江恒道科技股份有限公司过会。 华汇智能是一家专业从事高端智能装备及其关键部件的研发、设计、生产和销售的高新技术企业，致力 于成为全球一流的智能装备制造商。公司以产品为核心，持续通过技术创新不断实现产品迭代，为制造 业提供核心装备和自动化系统解决方案。 公司控股股东为张思沅，实际控制人为张思沅、张思友。截至招股说明书签署日，张思沅直接持有公司 24,772,652股股份（占总股本的48.57%），通过善本投资、前海薇恩、东莞仁华间接支配公司9,481,66 ...

智通财经APP获悉，国泰海通发布研报称，26年开年之际促消费政策频发，扩内需战略持续推进，将加 速消费信心提振，推动消费需求扩张。第三方收单公司有望受益于线下消费复苏。相比2025年，2026 年"国补"对补贴的支持范围、补贴标准和实施机制三方面进行了优化。 国泰海通主要观点如下： 国办重磅政策提振服务消费。 2025年12月30日，国家发展改革委、财政部印发《关于2026年实施大规模设备更新和消费品以旧换新政 策的通知》。相比2025年，2026年"国补"对补贴的支持范围、补贴标准和实施机制三方面进行了优化。 同时，为优化实施"两新"政策，满足元旦、春节等旺季消费需求，国家发展改革委会同财政部，已向地 方提前下达2026年第一批625亿元超长期特别国债支持消费品以旧换新资金计划。 2025年12月16日，《求是》杂志发表总书记文章《扩大内需是战略之举》。 文章强调，扩大内需既关系经济稳定，也关系经济安全，不是权宜之计，而是战略之举。文章指出，实 施扩大内需战略，是保持我国经济长期持续健康发展的需要，也是满足人民日益增长的美好生活的需 要。要加快补上内需特别是消费短板，使内需成为拉动经济增长的主动力和稳定锚。 ...

国泰海通证券研报指出，潍柴动力有望从一家以重卡动力链生产制造为主企业，逐渐转型成为AIDC发 电设备的全面供应商。在全球AIDC 投资高速增长、"美国缺电"现象不断深入的背景下，潍柴动力旗下 多种AIDC发电设备业务——往复式燃气发电机组、SOFC 以及作为备电的柴发均有望实现高增长。预 计潍柴动力2025/26/27 年取得归母净利润124/153/280亿元，对应EPS为1.43/1.75/3.21 元，2026年2月2日 收盘价对应PE为15.8/12.9/7.0x。考虑到AIDC发电产业的增长有望持续增大潍柴动力该业务的利润占 比，认为潍柴动力的成长空间较大。给予公司2026年22x PE，目标价38.52元，维持"增持"评级。 ...

智通财经APP获悉，国泰海通发布研报称，美元兑人民币小幅贬值，主要航线海运费同比继续下滑;美 国餐饮RPI环比下降，美国住房市场指数环比承压。建议重点关注具备全球制造布局、品牌输出能力与 渠道整合优势的出口型消费企业。在当前外部环境变化与政策博弈背景下，具备产能多元化配置、稳定 客户黏性及定价权的企业，有望在全球贸易格局调整中实现持续成长。该行看好市场占有率高、供应链 韧性强、并已建立成熟海外产能的标的。 国泰海通主要观点如下： 成本跟踪 美元兑人民币汇率小幅贬值;欧洲航线、美东航线、美西航线、东南亚航线海运费同比下降。1)汇率： 2026年1月30日美元兑人民币即期汇率为6.95，环比1月23日上升1.30%;欧元兑人民币汇率为8.28，环比1 月23日+0.97%。2)海运费：2026年1月第四周中国出口集装箱运价指数(CCFI)中，综合指数为1175.59， 同比下降16.92%，环比下降2.74%;欧洲航线为1574.69，同比下降25.16%，环比上升0.35%;美东航线为 975.78，同比下降24.75%，环比下降0.37%;美西航线为867.79，同比下降27.60%，环比上升1.64%;东南 ...

Group 1 - The core viewpoint is that the extension of the Spring Festival holiday in 2026 will continue to support strong demand for family visits and travel [2] - The 2024 Spring Festival holiday will be adjusted to 8 days, extending by 1 day compared to 2023, and encouraging time off from New Year's Eve [2] - The 2025 Spring Festival holiday will increase by 1 day, optimizing the adjustment principles, and the significant "拼假" effect will be evident [2] Group 2 - The expected cross-regional personnel flow during the 2026 Spring Festival is projected to reach 9.5 billion, a year-on-year increase of approximately 5.3%, setting a new historical high [3] - The railway is expected to send 539 million passengers, a 5.0% increase year-on-year, with passenger capacity also increasing by 5.3% [3] - The civil aviation sector anticipates a passenger transport volume of 95 million, a year-on-year growth of 5.3%, with Southern Airlines and Eastern Airlines expecting daily flight increases of 4.2% and 3.6% respectively [3] Group 3 - The 2026 Spring Festival travel demand is expected to be strong, with a gradual increase in passenger flow and ticket prices maintaining year-on-year growth [4] - The pre-holiday week will see a mix of business and travel passengers, with a confirmed peak in passenger flow before the holiday [4] - The average domestic ticket price is expected to continue rising, supported by high passenger load factors and market-driven pricing [4] Group 4 - The Chinese aviation industry is anticipated to enter a "super cycle," driven by market-driven pricing and a recovery in demand and passenger structure [5] - The long-term logic will provide dual space for performance valuation, with continuous positive feedback from fundamentals and seasonal performance catalyzing market optimism [5] - Recommendations include increasing holdings in major airlines such as Air China, Juneyao Airlines, China Eastern Airlines, China Southern Airlines, and Spring Airlines [5]

| 代码 | 名称 | 涨幅% ↓ | 总市值 | 年初至今涨幅% | | --- | --- | --- | --- | --- | | 002945 | 华林证券 | 7.47 | 517亿 | 24.85 | | 601555 | 东吴证券 | 3.26 | 473亿 | 4.97 | | 600621 | 华鑫股份 | 2.65 | 181亿 | 12.01 | | 601211 | 国泰海通 | 2.51 | 3524 Z | -2.73 | | 600369 | 西南址券 | 2.00 | 304亿 | 2.23 | | 601688 | 华泰证券 | 1.88 | 2002亿 | -5.98 | | 002736 | 国信证券 | 1.72 | 1275亿 | -5.11 | | 601881 | 中国银河 | 1.65 | 1680亿 | -2.29 | | 601066 | 中信建投 | 1.62 | 1893亿 | -8.31 | | 601108 | 财通证券 | 1.58 | 419亿 | 3.44 | | 601377 | 兴业证券 | 1.49 | 590亿 | -7.95 | | ...

Group 1 - The core viewpoint indicates that the median data shows that the profit performance of computer companies in 2025 is expected to outperform revenue [1] - Among the 238 companies that released performance forecasts, only 70 provided revenue data, with a median revenue growth rate of 0.97%. In contrast, the median growth rate for net profit attributable to shareholders is 17.83%, and for non-recurring net profit, it is 28.68% [1] - Large-cap companies tend to lean towards the growth side in performance statistics, with stronger certainty in fourth-quarter performance [1] Group 2 - In 2025, over half of the computer industry performance forecasts are positive, indicating a polarization between growth and decline [2] - Among the 358 computer companies, 238 released performance forecasts, representing 66.5%. The distribution of expected net profit growth rates shows that 42.9% (103 companies) expect growth of over 30%, while 36.3% (87 companies) anticipate a decline of over 30% [2] - The high-growth and significant decline segments combined account for 79.2% of the companies, with 60% (142 companies) expecting growth and 40% (96 companies) expecting decline [2] Group 3 - Among companies with a net profit of approximately 100 million and above, significant performance differentiation is observed [3] - Companies with clear improvements in performance and expected year-on-year growth of over 30% include Tonghuashun, Daotong Technology, and iFLYTEK, among others [3] - Conversely, companies facing profit pressure with year-on-year declines include Bosi Software and Keyuan Wisdom, with the latter showing nearly 40% growth when excluding impairment losses [3]

Core Viewpoint - The Shanghai Stock Exchange's Listing Review Committee approved Hangzhou Aike Technology Co., Ltd.'s refinancing, confirming it meets issuance, listing, and information disclosure requirements [1] Group 1: Financing and Projects - Aike Technology plans to issue convertible bonds to raise up to RMB 26,695.40 million, which will be fully invested in two projects: the New Intelligent Equipment Industrialization Base Project and the Fuyang Intelligent Cutting Equipment Production Line Upgrade Project [2][3] - The total investment for the New Intelligent Equipment Industrialization Base Project is RMB 22,572.17 million, while the Fuyang project requires RMB 4,123.22 million [3] - The convertible bonds will be listed on the Shanghai Stock Exchange's Sci-Tech Innovation Board, with each bond having a face value of RMB 100 [3][4] Group 2: Regulatory and Compliance - The Listing Committee raised questions regarding the necessity and feasibility of the new projects, including their performance characteristics, technological advancement, and market risks [2] - The company must clarify the internal decision-making process for the financing gap and the rationale for future overseas investment plans [2]

截至发稿，邓雅琨累计任职时间1年265天，现任基金资产总规模43.47亿元，任职期间最佳基金回报 63.58%， 任职期间最差基金回报8.21%。 刘晟累计任职时间1年168天，现任基金资产总规模48.36亿元，任职期间最佳基金回报105.56%， 任职 期间最差基金回报4.32%。 声明：市场有风险，投资需谨慎。 本文基于第三方数据库自动发布，不代表新浪财经观点，任何在本 文出现的信息均只作为参考，不构成个人投资建议。如有出入请以实际公告为准。如有疑问，请联系 biz@staff.sina.com.cn。 数据显示，国泰海通资管旗下1只基金重仓锋龙股份。国泰海通新锐量化选股混合A（025598）四季度 持有股数4500股，占基金净值比例为0.79%，位居第一大重仓股。根据测算，今日浮盈赚取约2.35万 元。 国泰海通新锐量化选股混合A（025598）成立日期2025年10月29日，最新规模608.58万。今年以来收益 9.41%，同类排名1492/8873；成立以来收益8.42%。 国泰海通新锐量化选股混合A（025598）基金经理为邓雅琨、刘晟。 2月4日，锋龙股份涨5.12%，截至发稿，报107.22元 ...

Core Viewpoint - The A-share market experienced fluctuations, with brokerage stocks showing strength against the trend, indicating a potential recovery in the brokerage sector's performance [1][10]. Group 1: Market Performance - On February 4, A-shares opened lower but saw brokerage stocks like Huayin Securities rising over 4%, Dongwu Securities and Guotai Junan increasing nearly 2%, and others like Huatai Securities and Southwest Securities rising over 1% [1][10]. - The 390 billion yuan brokerage ETF (512000) saw an increase of 0.71% in its market price, with a significant net inflow of 1.139 billion yuan over the past five days [1][10]. Group 2: Brokerage Business Outlook - In January 2026, new A-share accounts reached 4.9158 million, a month-on-month increase of 89% and a year-on-year increase of 213% compared to January 2025, indicating a robust brokerage business environment [2][12]. - Analysts noted a significant recovery in self-operated investment income for brokerages in January, with brokerage business activity reaching historical highs, suggesting a strong start to the year for listed brokerages [3][12]. Group 3: Profit Forecasts - As of now, 26 listed brokerages have reported or forecasted their earnings, all showing year-on-year profit growth, a rare "full house" scenario, with six firms reporting over 100% growth [3][12]. - Notably, Citic Securities reported a record net profit exceeding 30 billion yuan, while Guotai Junan's net profit increased by 111% to 115% [3][12]. Group 4: Valuation and Market Position - Despite the overall bullish market, the brokerage sector has not seen significant momentum, with the CSI All Share Securities Index only rising 2.54% in 2025, compared to a 22.70% increase in the Shanghai Composite Index [4][12]. - The sector's valuation remains low, with a price-to-book ratio (PB) of 1.43, indicating a significant disconnect between high growth in earnings and stock performance [4][12].