（1）ETF账户 今日亏损4.3万（资产260万）； （2）基金账户 今日预估盈利0.8万（资产550万）； 全靠资源对冲亏损了。 两个账户合计亏损3.5万，亏损比例0.44%； （一）账户盈亏 先跟新朋友同步下我的账户情况： 我一共有 3 个【主要投资账户】，分别是ETF 账户、某基金账户，以及组合账户。 因为组合账户的净值更新会慢一些，所以工作日我只统计ETF账户和某基金账户的收益；等到每周六发周报的时候，再把三个账户的收益情况一起汇总。 随着全球主要经济体进入降息周期，流动性整体趋松。更关键的是，美元信用持续弱化，各国央行减持美债并囤积黄金，推动金价飙升；随后投资者将目 光转向白银，投机资金快速涌入，银价跟涨。同时，我国作为白银出口大国，开始实施出口配额制，进一步促进白银价格上涨。 （2）有色金属上行主因：需求激增、供给受限 当下正值以人工智能、机器人、新能源、商业航天为代表的科技革命期： 需求端快速扩张的同时，地缘政治因素使铜、稀土等关键矿产资源的安全与自主可控上升到国家战略高度，部分国家收紧出口，导致供给受限。需求激增 叠加供给受限，有色金属价格全面上扬。 毋庸讳言，黄金、白银与有色金属已累积较大涨 ...

5连板白银有色：公司白银产品的收入占总营业收入的比重较低。2025年上半年，公司营业收入445.59 亿元，销售白银产品收入20.23亿元，占公司营业收入的比重为4.54%； 2连板豫光金铅：近期公司产品白银价格出现较大涨幅，未来白银价格能否继续上涨或维持高位存在不 确定性； 铜陵有色：截至本公告披露日，米拉多铜矿二期工程正式投产的时间尚不确定，预计将对公司2026年的 经营业绩产生一定影响。 （文章来源：第一财经） 1月26日，现货黄金一度突破5100美元/盎司，最高报5111.17美元/盎司；现货白银一度升破110美元/盎 司，最高报110.88美元/盎司，双双创下历史新高。二级市场上，贵金属概念股今日大涨。截至收盘，贵 金属板块大涨7.30%，17只个股全线飘红。盘后，多只概念股发布异动或风险提示公告： ...

证券日报网讯 1月26日，白银有色（601212）在互动平台回答投资者提问时表示，根据《2025年半年度 报告》，2025年1月-6月公司营业总收入445.59亿元，白银营业收入20.23亿元，占营业总收入比重 4.54%，占比较低，敬请投资者注意投资风险。 ...

证券日报网讯 1月26日，白银有色（601212）在互动平台回答投资者提问时表示，公司将继续加强生产 组织与精细化管理，着力挖潜增效，加大力度控制成本费用，不断提升业绩水平。 ...

Group 1 - Haike Xinyuan signed a long-term cooperation agreement with BYD Lithium Battery to supply at least 100,000 tons of products annually for three years [1] - The products include four types of solvents: Dimethyl Carbonate (DMC), Ethylene Carbonate (EC), Ethyl Methyl Carbonate (EMC), and Diethyl Carbonate (DEC) [1] Group 2 - Aft announced plans to acquire equity in Shanghai Shengpu Fluid Equipment Co., Ltd. through a combination of share issuance and cash payment [2] - The stock of Aft will be suspended from trading starting January 27, 2026, for up to 10 trading days [2] - Shanghai Shengpu specializes in precision fluid control equipment and had previously withdrawn its IPO application [2] Group 3 - Conch Cement plans to invest in financial products with a maximum daily balance of 50 billion yuan, including 30 billion yuan in structured deposits and 20 billion yuan in bank wealth management products [3] - The actual purchases will depend on the safety and profitability of the underlying assets [3] Group 4 - Zijin Mining intends to acquire 100% of Allied Gold Corporation for approximately 28 billion yuan, with a price of 44 CAD per share [4] - Allied Gold's core assets include several gold mines and a projected gold resource of 533 tons [4] - The expected gold production from Allied Gold is 10.7 tons in 2023, increasing to 25 tons by 2029 [4] Group 5 - SanSheng GuoJian expects a net profit of around 2.9 billion yuan in 2025, a 311.35% increase year-on-year [5] - Duofluor expects a net profit of 20 to 28 million yuan in 2025, recovering from a loss of 30.8 million yuan in the previous year [5] - Chunzong Technology anticipates a net profit of 265 to 290 million yuan in 2025, a growth of 208.86% to 238.00% [5]

Macro Dynamics - The Ministry of Commerce will optimize the implementation of the old-for-new consumption policy to promote the consumption of durable goods such as home appliances and automobiles [2] - In 2026, the Ministry will implement a special action to boost consumption, focusing on policy issuance, event organization, and improving consumption scenarios [2] Financial Institutions - Agricultural Bank of China will increase risk tolerance assessment requirements for its gold accumulation business starting January 30, 2026, to protect consumer rights [8] - The China Development Bank issued over 200 billion yuan in railway loans in 2025, marking a year-on-year increase of 27.8% [10] Company Dynamics - China Rare Earth expects a net profit of 143 million to 185 million yuan in 2025, reversing a loss of 287 million yuan from the previous year [15] - China Youth Travel Service anticipates a 47.72% decline in net profit for 2025, despite a 13.88% increase in total revenue to 11.339 billion yuan [17] - Junsheng Electronics forecasts a net profit increase of approximately 40.56% for 2025, driven by profitability improvements and business integration measures [18] - Silver Nonferrous, which has seen five consecutive trading limits, reported that silver product revenue accounted for only 4.54% of total revenue in the first half of 2025 [19]

Market Overview - On January 26, the market experienced fluctuations with significant divergence between large and small indices, where the Shenzhen Component and ChiNext indices opened high but closed down over 1% [1] - The total trading volume in the Shanghai and Shenzhen markets reached 3.25 trillion yuan, an increase of 163 billion yuan compared to the previous trading day [1] - The market saw over 3,700 stocks decline, with only 79 stocks hitting the daily limit up [1] Sector Performance - The non-ferrous metals sector led the gains, particularly the precious metals concept, with notable performances from Sichuan Gold, which achieved four limit-ups in eight days, and Zijin Mining reaching a historical high [1] - The oil and gas sector also showed strength, with China National Offshore Oil Corporation hitting a historical high and Intercontinental Oil & Gas achieving three limit-ups in four days [1] - The chemical sector experienced a rebound, with stocks like Hongbaoli and Chengxing Co. hitting the limit up [1] - Conversely, the commercial aerospace and semiconductor equipment sectors faced significant declines, with several commercial aerospace stocks hitting the limit down [1] Limit-Up and Limit-Down Stocks - A total of 70 stocks hit the limit up today (excluding ST and delisted stocks), with 15 stocks on consecutive limit-ups [1] - Key stocks included Baiyin Nonferrous Metals with five consecutive limit-ups and Sichuan Gold with four limit-ups in eight days [1][9] Related Hotspots - The precious metals sector continues to rise, with gold prices in New York surpassing $5,100 and silver prices exceeding $109 [11] - In the AI sector, major companies like Tencent and Baidu have initiated cash red envelope activities for the Spring Festival, indicating a competitive landscape in AI applications [12] - The robotics sector saw a partnership announcement between China Central Television and Magic Atom for the 2026 Spring Festival Gala [12]

Core Viewpoint - On January 26, the Shanghai Composite Index fell by 0.09%, the Shenzhen Component Index decreased by 0.85%, and the ChiNext Index dropped by 0.91%. Notably, Wangsong Technology (300017.SZ) saw a significant net inflow of 614 million yuan, while Baiyin Nonferrous Metals (601212.SH) experienced a net outflow of 685 million yuan [1][5]. Group 1: Stock Performance - Wangsong Technology closed up by 20.03% with a turnover rate of 22.89%, and it had the highest net buying amount of 614 million yuan, accounting for 8.86% of the total trading volume [1][5]. - Baiyin Nonferrous Metals, despite a net selling of 685 million yuan, closed up by 10.03% with a turnover rate of 8.5% [1][4]. Group 2: Institutional Activity - A total of 42 stocks appeared on the institutional trading list, with institutions net buying 31.75 million yuan across 22 stocks and net selling 20 stocks [5][10]. - The highest net buying by institutions was also in Wangsong Technology, which saw a net purchase of 218 million yuan [6][14]. Group 3: Northbound Capital - Northbound capital participated in 32 stocks, with a total net outflow of 948 million yuan. The highest net buying was in Jili Squeeze (002342.SZ) at 139 million yuan, while Baiyin Nonferrous Metals had the largest net selling at 369 million yuan [10][12]. - Northbound capital net bought 13 stocks and net sold 19 stocks on the same day [10][13]. Group 4: Institutional and Northbound Divergence - There were notable divergences between institutional and northbound capital activities, with institutions selling Jili Squeeze while northbound capital bought it, indicating differing market sentiments [13][14].

Group 1: Precious Metals - Spot gold has first surpassed $5000 per ounce [4] - Silver and copper prices are expected to remain strong through 2026 due to global energy transition and AI revolution, with Silver as a key beneficiary [5][6] - Silver Company (601212) experienced a limit-up on January 26, 2023, closing at 11.41, reflecting a 2.57% increase [6] Group 2: Photovoltaics - Elon Musk announced plans to build 100GW of solar capacity over the next three years for data centers and space AI satellites [7] - JunDa Co. is positioned as the largest third-party supplier of N-type TOPCon solar cells, with a focus on overseas capacity and space photovoltaic applications [7][8] - JunDa Co. saw a price increase of up to 10.97% on January 22, 2023 [8] Group 3: Computing Power - Tencent's chairman Ma Huateng announced a cash activity of 1 billion yuan to promote AI applications, aiming to replicate the success of WeChat red envelopes [9] - QingCloud Technology is focusing on AI computing cloud services and has seen a price increase of 15.25% [10] - The outlook for computing power in 2026 suggests significant breakthroughs across various levels, with Dawei Technology experiencing a limit-up [17][18] Group 4: Natural Gas and Oil - U.S. natural gas prices surged past $6 per million British thermal units for the first time since 2022 due to winter storms [19] - International oil prices rose nearly 3%, benefiting companies like Intercontinental Oil and Gas, which saw a limit-up on January 26, 2023 [19][20]

证券代码：601212 证券简称：白银有色 公告编号：2026—临 014 号 白银有色集团股份有限公司 ●公司股价短期涨幅较大，后续可能存在下跌风险；公司经营情况未发生重 大变化，敬请广大投资者注意二级市场交易风险，理性决策，审慎投资。 一、二级市场交易风险 公司股票于 2026 年 1 月 20 日、1 月 21 日、1 月 22 日、1 月 23 日、1 月 26 日连续五个交易日内收盘价格涨幅累计达 61.16%，涨幅显著，公司基本面未发 生重大变化，可能存在市场情绪过热的情形，交易风险大幅提升，存在股价下跌 的风险，请投资者注意投资风险。 二、估值过高风险 截至 2026 年 1 月 26 日，公司属于中上协行业分类中的有色金属冶炼和压延 加工业，公司与同行业 88 家上市公司市盈率进行比较，剔除 14 家静态市盈率为 负值的上市公司，同行业平均静态市盈率为 125.42 倍，白银有色静态市盈率为 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个别及连带责任。 重要内容提示： ●白银有色集团股份有限公司（ ...