IM行情概要 IM成交持仓 单位：点、手、亿元 单位：手 | | 收盘价 | +/- | 成交量 | +/- | | 成交额 | +/- | | 持仓量 | +/- | 持仓保证金 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 中证1000 | 7864.90 | 1.43% | 33,116 | | 8 % | 5,808 | | 7 % | | | | | | IM2601 | 7875.00 | 1.65% | 49,911 | | 10% | | 780 | 12% | 74,538 | -4,894 | 141 | | | IM2602 | 7813.60 | 1.73% | 9,007 | | 3 % | | 140 | 4 % | 21,759 | 1,519 | 4 | 1 | | IM2603 | 7762.40 | 1.80% | 114,127 | | 10% | 1,759 | | 12% | 192,848 | 3,006 | 359 | | | IM2606 ...

Group 1 - The core viewpoint of the report highlights that Zhejiang Dingli focuses on high-altitude work platforms and is the first manufacturer globally to achieve full electrification of its product line [1] - The company has successfully electrified its entire product range, covering three major series: boom lifts, scissor lifts, and vertical lifts, demonstrating its capability for platform iteration and differentiated expansion [1] - The competitive landscape in China's high-altitude work platform market is intense, with a total rental market inventory of 669,200 units, including 487,200 scissor lifts and 172,700 boom lifts, indicating sustained long-term demand for new and replacement units [1] Group 2 - The report projects that Zhejiang Dingli has the potential to increase its market share globally as it continues to expand its product offerings [1] - The company is compared to peers and is assigned a valuation of 18 times PE for 2025, with a target price set at 71.1 yuan [1] - The initial coverage of the company includes a recommendation to "buy" [1]

1月6日早盘，A股三大指数集体走强，沪指、深证成指双双涨超1%，沪指突破2025年11月14日的阶段高点4034.08点，刷新2015年7月底以来的新高，强势冲 击13连阳，全市场超3500只个股上涨。券商板块也随市大涨，"旗手"强势回归，那么2026年券商板块将如何演绎呢？ 【2026年关注券商板块业绩与估值的戴维斯双击！】 1月6日，A股市场震荡上行，开门红行情延续，沪指涨超1%，再创近10年新高，冲击13连阳！截至14:07"行情旗手"证券ETF龙头(560090)爆量涨超3%，成交 额超3亿元，拉长阳冲击两连阳！ | 分时 多日 1分 5分 15分 30分 60分 = | 综合屏 F9 前复权 超级叠加 画线 工具 令 (? > | | | --- | --- | --- | | 560090.SH[证券ETF龙头] 2026/01/06 收1.365 幅3.17%(0.042) 开1.323 高1.372 低1.321 均1.358 量 四 | | | | MA5 1.321↑ MA10 1.313↑ MA20 1.304↑ MA60 1.313↑ MA120 1.324↑ MA250 1.246î ...

证 券 研 究 报 告 证券行业周报（20251229-20260104） "高质量"回归 行业研究 证券Ⅱ 2026 年 01 月 06 日 华创证券研究所 证券分析师：徐康 电话：021-20572556 邮箱：xukang@hcyjs.com 执业编号：S0360518060005 联系人：杜婉桢 邮箱：duwanzhen@hcyjs.com 行业基本数据 投行评价体系迭代升级，引导行业向"功能性"与 推荐（维持） 《证券行业周报（20251124-20251130）：券商系期 货公司或在券业整合中重塑行业格局》 | | | 占比% | | --- | --- | --- | | 股票家数(只) | 53 | 0.01 | | 总市值(亿元) | 41,461.03 | 3.34 | | 流通市值(亿元) | 34,907.12 | 3.50 | 相对指数表现 | % | 1M | 6M | 12M | | --- | --- | --- | --- | | 绝对表现 | 3.4% | 9.6% | 15.3% | | 相对表现 | 0.5% | -8.9% | -9.7% | -9% 3% 14% 2 ...

Group 1 - The core viewpoint of the news is the performance and financial metrics of Guotai Junan Securities, highlighting its stock price increase and market capitalization [1] - Guotai Junan Securities is located in Shanghai and Hong Kong, established in August 1999, and listed in June 2015, with a primary focus on providing securities products and services [1] - The company's revenue composition includes wealth management (40.93%), institutional and trading services (28.74%), investment management (12.89%), financing leasing (8.83%), investment banking (5.91%), and others (2.69%) [1] Group 2 - From the perspective of fund holdings, Galaxy Fund has a significant position in Guotai Junan, with its Galaxy CSI 300 Value Index A fund reducing its holdings by 31.97 thousand shares, now holding 227.75 thousand shares, representing 2.18% of the fund's net value [2] - The Galaxy CSI 300 Value Index A fund was established in December 2009, with a current scale of 1.876 billion, showing a year-to-date return of 1.02% and a one-year return of 14.14% [2] - The fund manager, Luo Bo, has a tenure of over 16 years, with the fund's total assets amounting to 2.502 billion, achieving a best return of 165.8% during his management [3]

机构认为，优质头部券商有望受益资本市场发展及行业改革红利。当前证券行业专业化、综合化、国际 化趋势显著，头部平台在人才机制、综合能力、国际布局上更为领先。 1月6日早盘，证券板块早盘走强，华林证券拉升封板，华安证券、国泰海通、华泰证券、东北证券等涨 幅领先。 有机构认为，板块上涨的核心原因在于9月以来券商板块整体滞涨、估值已深度调整，叠加年初增量资 金接续入市、行业并购事件催化、行业监管边际宽松，沪指日线12连阳提振情绪，券商板块迎来补涨。 机构表示，往后看，资本市场整体向上的背景下，成交量和两融余额有望进一步提升，券商行业后续尤 其是头部券商基本面持续向好，预计26E业绩有望实现双位数增长，有盈利成长性和确定性，券商有短 期补涨和中长期向上的空间。 相关ETF方面，截至发稿，证券ETF龙头（159993）涨超3%，成交额超2亿元；资金流向来看，据Wind 数据显示，该ETF近五日有三日获资金净流入。 （文章来源：21世纪经济报道） ...

Group 1 - The securities sector experienced a significant surge, with Huayin Securities hitting the daily limit, and Huazheng Securities rising nearly 9% [3] - The A-share market showed positive momentum, with the Shanghai Composite Index breaking through the high point of November 14, 2025, reaching its highest level since July 2015 [1] - The Hong Kong stock market also saw gains, with the Hang Seng Index and Hang Seng Tech Index both rising, and notable stocks like Pop Mart and China Hongqiao increasing by over 3% [5][6] Group 2 - The solid-state battery concept saw a notable rise, with Jinlongyu hitting the daily limit, and several other companies following suit [7] - The chemical sector showed strength, particularly in the salt chemical direction, with companies like Zhongtai Chemical and Luhua Technology reaching the daily limit [11] - The semiconductor equipment sector continued to perform well, with Jinhai Tong hitting the daily limit and other companies like Jingyi Equipment and Zhongwei Company showing significant gains [12]

Market Overview - The Shanghai Composite Index has reached a new ten-year high, surpassing the previous peak of 4034.08 points, closing at 4054.30 with a gain of 0.77% [4][5] - A total of over 4000 stocks rose in the market, indicating a broad-based rally [2] Sector Performance - Non-bank financial stocks, often seen as the "flag bearers" of the bull market, have shown significant gains, with stocks like Huayin Securities and Huatai Securities hitting their daily limits [12][13] - The semiconductor sector and precious metals have also performed well, while some concepts like optical modules and optical communication have seen pullbacks [5][6] Brain-Computer Interface Sector - The brain-computer interface concept stocks have remained active, with companies like Aipeng Medical and Xiangyu Medical hitting their daily limits with gains of 20% [9][10] - Neuralink's announcement of large-scale production of brain-computer interface devices by 2026 has been highlighted as a significant milestone for the AI industry, indicating a shift towards human-machine symbiosis [11] Stock Highlights - Notable stock performances include: - Aipeng Medical (300753) at 39.96, up 20.00% - Xiangyu Medical (688626) at 87.12, up 20.00% - Meihua Medical (301363) at 34.63, up 19.99% [10] - In the software trading sector, stocks like Zhinanzhen and Tonghuashun have surged over 8% [15][16] Summary of Key Stocks - Huayin Securities (002945) rose to 17.84, up 9.99% - Huatai Securities (601688) increased to 25.33, up 4.02% - Zhinanzhen (300803) reached 147.06, up 8.35% [14][16]

股指期货持仓日度跟踪 投资咨询业务资格： 广发期货研究所 电 话：020-88818051 E-Mail：yeqianning@gf.com.cn 目录： 股指期货： IF、IH、IC、IM | 品种 | | 主力合 约 | 总持仓点评 | 前二十席位重要变动 | | --- | --- | --- | --- | --- | | 沪深 | 300 | IF2603 | 总持仓明显上升 | 前二十席位增减仓不一 | | 上证 | 50 | IH2603 | 总持仓小幅上升 | 前二十席位增仓为主 | | 中证 | 500 | IC2603 | 总持仓大幅上升 | 国君多空头各增仓 3000 手以上 | | 中证 | 1000 | IM2603 | 总持仓大幅上升 | 国君多空头各增仓超 3000 手 | 股指期货持仓日度变动简评 6,857.0 2,964.0 15,069.0 8,761.0 8,201.0 3,543.0 22,660.0 13,346.0 0 5,000 10,000 15,000 20,000 25,000 IF IH IC IM 主力合约持仓变动 总持仓变动 数据来源：Wind 广发 ...

盘面上，能源金属、医药商业、贵金属、有色金属、人脑工程概念等板块开盘活跃；船舶制造、航空航 天、玻璃玻纤、石油、燃气等板块开盘走低。 证券板块持续拉升，华林证券涨停，华安证券涨近9%，国泰海通、华泰证券、东北证券跟涨。 券商股集体爆发，其中华林证券直线拉升涨停。 1月6日早盘，A股三大指数开盘涨跌不一。截至发稿，三大指数全线飘红。上证指数持续走强，突破 2025年11月14日的阶段高点，刷新2015年7月底以来的新高。科创50指数涨超2%。 | 名称 | 序号 | 现价 | 涨跌 | 涨跌幅 | | --- | --- | --- | --- | --- | | 上证指数 | 1 | 4052.29 | 28.87 | 0.72% | | 深证成指 | 2 | 13918.96 | 90.33 | 0.65% | | 科创综指 | 3 | 1716.13 | 20.29 | 1.20% | | 万得全A | ব | 6595.03 | 57.09 | 0.87% | | 创业板指 | 5 | 3298.58 | 4.03 | 0.12% | | 北证50 | 6 | 1478.81 | 12.39 | 0.8 ...