资金流向方面，主力资金净流入114.84万元，特大单买入789.52万元，占比7.92%，卖出360.89万元，占 比3.62%；大单买入1567.29万元，占比15.72%，卖出1881.08万元，占比18.87%。 中原证券今年以来股价跌5.35%，近5个交易日跌4.46%，近20日跌8.33%，近60日跌7.08%。 资料显示，中原证券股份有限公司位于河南省郑州市郑东新区商务外环路10号，成立日期2002年11月8 日，上市日期2017年1月3日，公司主营业务涉及证券经纪业务、信用业务、期货业务、投资银行业务、 投资管理业务、自营交易业务和境外业务。主营业务收入构成为：证券经纪业务49.87%，信用业务 24.04%，投资管理业务11.96%，自营业务7.93%，期货业务4.12%，总部及其他1.14%，境外业务 1.02%，投资银行业务0.35%。 3月25日，中原证券盘中上涨2.01%，截至13:37，报4.07元/股，成交9967.16万元，换手率0.72%，总市 值188.97亿元。 3月25日，中原证券盘中上涨2.01%，截至13:37，报4.07元/股，成交9967.16万元，换手率0.72 ...

登记编码：S0730511010001 zhanggang@ccnew.com 021-50586990 有色电力行业领涨 A 股震荡上行 ——市场分析 分析师：张刚 相关报告 《市场分析：汽车能源行业领涨 A 股宽幅震 荡》 2026-03-23 《市场分析：光伏电池行业领涨 A 股震荡整 固》 2026-03-22 《市场分析：能源电力行业领涨 A 股宽幅震 荡》 2026-03-19 联系人： 李智 电话： 0371-65585629 地址： 郑州郑东新区商务外环路10号18楼 地址： 上海浦东新区世纪大道 1788 号 T1 座 22 楼 证券研究报告-市场分析 发布日期：2026 年 03 月 24 日 投资要点： ◼ A 股市场综述 周二（03 月 24 日）A 股市场先抑后扬、震荡上行，早盘股指高开后 震荡回落，盘中沪指在 3807 点附近获得支撑，随后股指企稳回升， 盘中有色金属、通信设备、电力以及电网设备等行业表现较好；稀 土、保险、石油石化以及煤炭等行业表现较弱，沪指全天基本呈现 震荡上行的运行特征。创业板市场周二震荡上扬，创业板成分指数 全天表现弱于主板市场。 ◼ 后市研判及投资建议 周 ...

上海太和水科技发展股份有限公司(证券代码：605081，证券简称：太和水)于2021年2月9日在上交所主 板上市，发行数量1953.00万股，发行价格43.30元/股，保荐机构(主承销商)为中原证券（601375）股份 有限公司，保荐代表人为廖志旭、郭鑫。 2025年4月29日，公司证券简称由"太和水"变更为"*ST太和"。 太和水上市首日盘中最高价报62.35元，为该股上市以来最高价。该股目前处于破发状态。 中国经济网北京3月24日讯*ST太和（605081）(605081.SH)今日收报8.15元，跌幅5.01%。 2022年5月26日，太和水2021年年度权益分派实施公告显示，公司以方案实施前的公司总股本78,101,429 股为基数，每股派发现金红利1元(含税)，以资本公积金向全体股东每股转增0.45股，共计派发现金红利 78,101,429元，转增35,145,643股，本次分配后总股本为113,247,072股。股权登记日为2022年5月31日， 除权(息)日为2022年6月1日。 太和水首次公开发行股票募集资金总额84564.90万元，募集资金净额77810.94万元。太和水于2021年1月 2 ...

相关报告 《市场分析：光伏电池行业领涨 A 股震荡整 固》 2026-03-22 《市场分析：能源电力行业领涨 A 股宽幅震 荡》 2026-03-19 《市场分析：通信半导体领涨 A 股小幅上行》 2026-03-18 联系人： 李智 电话： 0371-65585629 分析师：张刚 登记编码：S0730511010001 zhanggang@ccnew.com 021-50586990 汽车能源行业领涨 A 股宽幅震荡 ——市场分析 地址： 郑州郑东新区商务外环路10号18楼 地址： 上海浦东新区世纪大道 1788 号 T1 座 22 楼 证券研究报告-市场分析 发布日期：2026 年 03 月 23 日 投资要点： ◼ A 股市场综述 周一（03 月 23 日）A 股市场低开低走、宽幅震荡，早盘股指低开后 震荡回落，盘中沪指在 3858 点附近获得支撑，随后股指维持震荡， 盘中煤炭、核电以及乘用车等行业表现较好；贵金属、酒店餐饮、 旅游景区以及元件等行业表现较弱，沪指全天基本呈现宽幅震荡的 运行特征。创业板市场周一震荡回落，创业板成分指数全天表现强 于主板市场。 ◼ 后市研判及投资建议 周一 A 股市场 ...

Market Overview - The A-share market opened lower and experienced wide fluctuations on March 19, with the Shanghai Composite Index finding support around 4015 points during the day [1][4] - The afternoon session saw the index maintain its oscillation, with sectors such as oil, coal, gas, and electricity performing well, while precious metals, non-ferrous metals, energy metals, and agricultural chemicals lagged [1][4] Future Market Outlook and Investment Recommendations - The average price-to-earnings ratios for the Shanghai Composite Index and the ChiNext Index are currently 16.78 times and 48.70 times, respectively, which are above the median levels of the past three years, indicating a suitable environment for medium to long-term investments [2][5] - The total trading volume on March 19 was 21,275 billion yuan, which is above the median of the daily trading volume over the past three years [2][5] - Key pressures on the market stem from overseas factors, particularly escalating tensions in the Middle East, which have led to global market volatility and concerns over "stagflation" due to rising oil prices [2][5] - The expectation of delayed interest rate cuts by the Federal Reserve and increased volatility in U.S. Treasury yields are putting valuation pressure on global equity assets, especially high-valuation technology growth stocks [2][5] - Domestic macroeconomic policy is becoming clearer, providing a solid bottom line for the market, with the central bank indicating a flexible approach to reserve requirement ratio and interest rate cuts to maintain ample liquidity [2][5] - The market is expected to maintain a slight oscillation, and investors are advised to closely monitor macroeconomic data, changes in overseas liquidity, and policy developments [2][5] - Short-term investment opportunities are suggested in the electricity, coal, oil, and gas sectors [2][5]

（文章来源：证券日报） 证券日报网讯 3月20日，中原证券在互动平台回答投资者提问时表示，公司2024年度同步发布《ESG报 告》与《社会责任报告》，均属于公司可持续发展信息披露体系的重要组成部分，旨在更加全面、更规 范地向各界展示公司在环境、社会及治理领域的实践成效，满足不同监管要求与利益相关方信息需求。 《ESG报告》主要依据香港联交所《环境、社会及管治报告指引》、GRI可持续发展报告标准、国际可 持续发展报告准则（ISSB）编制，重点披露公司在环境（E）、社会（S）和治理（G）方面的绩效，以 及如何将可持续发展理念融入公司战略和运营。《社会责任报告》则主要依据《上交所股票上市规 则》、《上海证券交易所上市公司自律监管指引第1号——规范运作》等法规要求编制，重点披露公司 在履行社会责任方面的具体行动和成效，以及如何促进公司与利益相关者的和谐发展。两份报告定位互 补、口径一致、各有侧重，既满足境内外差异化披露规则，也充分体现了公司坚持合规运营、践行责任 金融、推动高质量可持续发展的坚定决心。 ...

相关报告 分析师：张刚 登记编码：S0730511010001 zhanggang@ccnew.com 021-50586990 通信半导体领涨 A 股小幅上行 ——市场分析 《市场分析：金融光伏行业领涨 A 股小幅整 理》 2026-03-17 《市场分析：航运半导体领涨 A 股震荡整固》 2026-03-16 《市场分析：电池风电行业领涨 A 股小幅震 荡》 2026-03-13 联系人： 李智 电话： 0371-65585629 地址： 郑州郑东新区商务外环路10号18楼 地址： 上海浦东新区世纪大道 1788 号 T1 座 22 楼 证券研究报告-市场分析 发布日期：2026 年 03 月 18 日 ◼ A 股市场综述 投资要点： 本报告版权属于中原证券股份有限公司 www.ccnew.com 请阅读最后一页各项声明 第1页 / 共7页 周三（03 月 18 日）A 股市场探底回升、小幅震荡上扬，早盘股指高 开后震荡回落，盘中沪指在 4023 点附近获得支撑，午后股指企稳回 升，盘中通信设备、电子元件、航天装备以及半导体等行业表现较 好；油服工程、煤炭、能源金属以及白酒等行业表现较弱，沪指全 天基本呈 ...

Core Insights - The report emphasizes the need for a more proactive fiscal policy in 2026, focusing on seven key areas including strengthening the domestic market and promoting technological self-reliance [5][10] - The report highlights the impact of geopolitical tensions in the Middle East on global oil prices, which has raised concerns about "stagflation" and affected market sentiment [11][12] - The semiconductor industry is experiencing a growth cycle driven by AI demand, with significant increases in sales and prices for memory products expected in 2026 [18][19] Domestic Market Performance - The Shanghai Composite Index closed at 4,049.91, down 0.85%, while the Shenzhen Component Index closed at 14,039.73, down 1.87% [4] - The average P/E ratios for the Shanghai Composite and ChiNext are 16.84 and 49.38, respectively, indicating a suitable environment for medium to long-term investments [11][12] - Trading volume in the two markets was 22,247 billion, above the three-year average, suggesting active market participation [11] Industry Analysis - The photovoltaic industry is undergoing a deep adjustment phase, with a focus on governance to reduce "involution" and improve market dynamics [33][35] - The food and beverage sector is experiencing a mixed performance, with certain segments like prepared foods and beer showing resilience, while overall market sentiment remains weak [25][29] - The semiconductor sector is benefiting from robust demand driven by AI applications, with significant price increases expected for DRAM and NAND Flash products [18][19] Investment Recommendations - The report suggests focusing on sectors such as financial services, photovoltaic equipment, and automotive components for short-term investment opportunities [11][12] - In the food and beverage sector, attention is drawn to upstream raw material companies that can benefit from rising inflation [28][30] - The semiconductor industry is recommended for investment due to its ongoing growth cycle and the increasing demand for AI-related products [18][19]

炒股就看金麒麟分析师研报，权威，专业，及时，全面，助您挖掘潜力主题机会！ 中访网数据 中原证券股份有限公司（股份代号：01375，在香港以"中州证券"名义开展业务）董事会宣 布，将于2026年3月27日（星期五）举行董事会会议。本次会议的核心议程是审议及批准本公司及其附 属公司截至2025年12月31日止年度的全年业绩，并安排其刊发事宜。此外，董事会将考虑派发末期股息 的建议。此次会议将决定公司过去一个财年的最终财务表现及股东回报方案，是投资者关注的重要公司 行动节点。公告同时披露了公司当前的董事名单，包括董事长张秋云女士及其他执行董事与非执行董 事。 ...

Market Overview - On March 17, the A-share market experienced a slight correction after reaching a high, with the Shanghai Composite Index encountering resistance at 4108 points[2] - The Shanghai Composite Index closed at 4049.91 points, down 0.85%, while the Shenzhen Component Index fell 1.87% to 14039.73 points[7] - Total trading volume for both markets was 22,247 billion yuan, slightly lower than the previous trading day[7] Sector Performance - Financial, photovoltaic equipment, automotive parts, and chemical fiber sectors performed well, while communication equipment, sports, electronic chemicals, and components lagged behind[3] - Over 80% of stocks in the two markets declined, with notable gains in insurance, steel, coal, chemical fiber, and real estate services[7] Valuation Metrics - The average price-to-earnings (P/E) ratios for the Shanghai Composite and ChiNext indices are 16.84 times and 49.38 times, respectively, above the median levels of the past three years[3] - The trading volume is above the median daily trading volume of the last three years, indicating a robust market activity[3] Economic Factors - The primary market pressure stems from overseas factors, including escalating tensions in the Middle East and rising oil prices, which have raised concerns about "stagflation" and suppressed risk appetite[3] - The Federal Reserve's interest rate cut expectations have been delayed, leading to increased volatility in U.S. Treasury yields, which affects high-valuation tech growth stocks globally[3] Policy Outlook - Domestic macroeconomic policies are becoming clearer, providing a solid bottom line for the market, with the central bank indicating a flexible approach to reserve requirement ratio (RRR) and interest rate cuts to maintain liquidity[3] - The support from the Central Huijin Investment Company is expected to boost market confidence in future trends[3] Investment Recommendations - Investors are advised to closely monitor macroeconomic data, changes in overseas liquidity, and policy developments[3] - Short-term investment opportunities are suggested in the financial, photovoltaic equipment, automotive parts, and chemical fiber sectors[3]