| 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | --- | --- | --- | --- | --- | --- | | 300560 | 中富通 | 15.84 | 4.14% | 21.24万 | 3.40亿 | | 603559 | ST通脉 | 6.80 | 3.82% | 15.10万 | 1.03亿 | | 300442 | 润泽科技 | 84.66 | 3.46% | 91.08万 | 77.38亿 | | 300959 | 线上线下 | 93.01 | 3.22% | - 5.34万 | 5.00亿 | | 300310 | 官通世纪 | 6.61 | 0.92% | 35.71万 | 2.39亿 | | 603881 | 数据港 | 37.89 | 0.85% | 83.69万 | 31.96亿 | | 300050 | 世纪鼎利 | 5.76 | 0.70% | 26.93万 | 1.58亿 | | 300921 | 南凌科技 | 27.65 | 0.36% | 17.04万 | 4.73亿 | | 300211 | *ST亿通 | 8.44 | ...

Core Viewpoint - The adjustment of the value-added tax rate from 6% to 9% for telecom services by major Chinese telecom operators will impact their revenue and profits, as announced by China Mobile, China Telecom, and China Unicom [1] Group 1: Tax Rate Adjustment - The tax rate for telecom services will increase from 6% to 9% starting January 1, 2026, as per the announcement from the Ministry of Finance and the State Taxation Administration [1] - The adjustment categorizes mobile data services, SMS, MMS, and internet broadband access from value-added telecom services to basic telecom services [1] Group 2: Financial Performance - For the first three quarters of 2025, China Mobile, China Telecom, and China Unicom reported revenues of 794.7 billion, 394.3 billion, and 293 billion respectively, with a decline in growth rates [1] - China Mobile's average revenue per user (ARPU) decreased to 48 yuan from 49.5 yuan year-on-year, while China Telecom's ARPU for 2024 was reported at 45.6 yuan [1] Group 3: Market Dynamics - Despite the tax increase, experts suggest that significant price hikes for consumers are unlikely due to the competitive market environment [2] - The shift from value-added to basic telecom services indicates a trend towards more inclusive pricing for mobile data and related services [2] Group 4: Emerging Business Growth - Telecom operators are accelerating their transition from traditional services to emerging businesses such as AI, computing power, and cloud computing [2] - Revenue from emerging businesses reached 168.1 billion, growing by 28.8% year-on-year, with cloud computing and big data showing remarkable growth rates of 94.8% and 33.3% respectively [2]

Market Performance - The Hang Seng Index closed down by 2.23% and the Hang Seng Tech Index fell by 3.36% [1] - Precious metals experienced significant declines, with Shandong Gold and Chifeng Gold dropping over 12%, Lingbao Gold down over 8%, and China Silver Group also down over 8% [1] Automotive Sector - Automotive stocks declined, with BYD falling nearly 7% and Xpeng Motors down over 6% [1] Telecommunications Sector - The three major telecom operators collectively weakened, with China Unicom down over 6%, China Telecom down over 5%, and China Mobile down over 2% [1] - The adjustment of the value-added tax rate for telecom services from 6% to 9% will impact the revenue and profits of these three companies [1]

Core Viewpoint - UBS reports that the recent VAT adjustment by China's three major telecom operators will have a significant negative impact on their profitability, as the affected services account for 45% to 60% of their projected service revenue for 2025 [1] Group 1: VAT Adjustment Impact - The VAT rate for mobile data, SMS/MMS, and internet broadband services will increase from 6% to 9% starting January 1, 2023 [1] - The adjustment is expected to reduce service revenue for telecom operators by approximately 1.5% to 2% [1] Group 2: Profitability Forecast - Assuming a corporate income tax rate of 25% and not considering other costs or tax deductions, the net profit impact for China Mobile, China Telecom, and China Unicom is estimated to be around 9%, 17.9%, and 18.2% respectively for 2025 [1] Group 3: Strategic Response - The three major telecom operators plan to enhance operational efficiency, focus on high-quality development, and accelerate transformation into emerging fields such as artificial intelligence and cloud services to mitigate the impact of the tax rate increase [1]

上天天基金APP搜索777注册即可领500元券包，优选基金10元起投！限量发放！先到先得！ 今天上午，A股调整，从盘面看，三大板块下跌，对市场影响较大。 首先，受大宗商品市场巨震的传导， 有色金属、油气开采、化工、大豆、玉米等板块上午大跌 ， 紫金矿业、洛阳钼业、"三桶油"等龙头股下跌。 其次，受相关业务的增值税税率调整， 三大运营商上午集体下跌。 最后， 科技股上午调整，存储芯片板块大跌 。有机构调研显示，上周DRAM现货价数月来首跌。 对此，业内人士表示，存储整体景气度仍在上行，DRAM价格数月来首次下跌，主要归因于现货价 格与期货价格巨大的价差。目前高价现货市场基本处于有价无市，市场的合约价格仍处于持续上涨 趋势中。也有分析称，可能是市场上的囤货，临近春节，出现部分抛售。 电力基建产业链上涨 今天上午，电力基建产业链上涨，电网设备板块大涨，个股掀起涨停潮，双杰电气、亿能电力、安 靠智电等个股涨幅居前。智能电网、特高压等板块上涨。 | | V | 电网设备 | | | | --- | --- | --- | --- | --- | | | | 7137.09 3.46% | | | | 成分股 | 基金 ...

Core Viewpoint - The domestic precious metals market experienced a historic shock on February 2, 2026, with significant declines in futures and stocks, prompting the Shanghai Gold Exchange to implement emergency risk control measures to stabilize the market [2][3][4]. Market Reaction - On February 2, the main silver futures contract on the Shanghai Futures Exchange hit the limit down, while gold futures fell over 10%, leading to a collective drop in the A-share precious metals sector, with over ten stocks hitting the limit down [2][6][7]. - The spot gold price fell below $4600 per ounce, with an intraday decline of 6.25%, reflecting a broader panic in the market [2][9]. Regulatory Response - The Shanghai Gold Exchange issued an urgent announcement to adjust the margin levels and price fluctuation limits for silver deferred contracts, aiming to curb excessive volatility and maintain market stability [3][4]. - The margin for silver contracts was raised from 20% to 26%, and the price fluctuation limit was increased from 19% to 25% in response to significant price movements [3][4]. Underlying Factors - The recent volatility in the precious metals market was attributed to multiple factors, including external liquidity concerns, changes in Federal Reserve policies, and panic selling among investors [11][12][14]. - The sharp decline in international gold prices, which fell over 12% in a single day, and the extreme volatility in silver prices, which dropped over 36%, were significant contributors to the market's instability [4][11]. Broader Market Impact - The panic in the precious metals market led to a domino effect, causing declines in related sectors such as oil and gas and telecommunications, with many stocks in these sectors also experiencing significant drops [10][11]. - The domestic commodity futures market saw widespread declines, with various precious metal futures hitting limit down, reflecting a broader market retreat [8][10]. Future Outlook - The long-term outlook for precious metals remains influenced by several key variables, including Federal Reserve policy adjustments, global liquidity changes, and geopolitical uncertainties [27][28]. - Despite the short-term volatility, the fundamental drivers for gold's long-term value, such as ongoing monetary easing and strong central bank demand, remain intact [24][25].

来源：新浪基金∞工作室 电信ETF汇添富（560300）业绩比较基准为中证电信主题指数收益率，管理人为汇添富基金管理股份有 限公司，基金经理为何丽竹，成立（2023-12-05）以来回报为110.98%，近一个月回报为3.69%。 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。 2月2日，电信ETF汇添富（560300）开盘跌0.47%，报2.100元。电信ETF汇添富（560300）重仓股方 面，中国移动开盘跌3.40%，中国联通跌2.35%，中国电信跌3.33%，中国卫通涨0.79%，中际旭创跌 2.16%，银之杰跌0.70%，新易盛涨9.00%，中兴通讯跌0.73%，天孚通信涨0.54%，中天科技涨0.67%。 ...

今天上午，A股调整，从盘面看，三大板块下跌，对市场影响较大。 首先，受大宗商品市场巨震的传导，有色金属、油气开采、化工、大豆、玉米等板块上午大跌，紫金矿业、洛阳钼业、"三桶油"等龙头股下跌。 其次，受相关业务的增值税税率调整，三大运营商上午集体下跌。 最后，科技股上午调整，存储芯片板块大跌。有机构调研显示，上周DRAM现货价数月来首跌。对此，业内人士表示，存储整体景气度仍在上行，DRAM 价格数月来首次下跌，主要归因于现货价格与期货价格巨大的价差。目前高价现货市场基本处于有价无市，市场的合约价格仍处于持续上涨趋势中。也有 分析称，可能是市场上的囤货，临近春节，出现部分抛售。 市场仍有明显的做多抓手，以电网设备板块为代表的电力基建产业链、以白酒板块为代表的大消费、AI应用等板块表现活跃。白酒板块中，"茅五泸"齐 涨。 截至上午收盘，上证指数下跌1.32%，深证成指下跌1.41%，创业板指下跌1.18%。 | 进儿三次纪 @ 300265 | 15.00 | 14.94% | 7016 | | --- | --- | --- | --- | | 新特电气 | 21.48 | 14.07% | 47.0亿 | | ...

运营商财经网 吴碧慧/文 作为中国电信西北地区省公司之一，此前甘肃电信的业绩表现还挺亮眼，但在2025年中，该公司多项政 企业务发展似乎深陷困境，其中就包括了"互联网专线"业务，收入下滑列全集团倒数。 据了解，互联网专线是中国电信"双线"业务中的"一线"，主要是为政企客户接入互联网，如搭建企业日 常办公上网、网站托管、远程办公、云服务访问等场景，侧重于与外部互联网资源的连接。 然而，截至2025年11月底，甘肃电信这项业务的收入同比降幅超17%。 那么与集团平均水平相差多少呢？ 据悉，同时期内，中国电信互联网专线收入同比实现正增长，且集团旗下共计12家省公司实现正增长， 还有19家省公司为负增长，这之中甘肃电信降幅最严重。 运营商财经网通信业务部主任郭彭琪表示，2025年以来，甘肃电信"双线"业务发展都挺滞后，其组网专 线业务收入下滑也很严重。这一背后凸显了甘肃电信对于"双线"业务发展有些力不从心。 （责任编辑：吴碧慧） ...

今天早盘，三大电信运营商集体走弱，跌幅均超4%。消息面上，中国移动、中国联通、中国电信2月1 日同步发布公告，自2026年1月1日起，手机流量、短信等业务适用的税目由增值电信服务调整为基础电 信服务，税率由6%升至9%。这一调整将对公司收入及利润产生一定影响。据悉，此次调整本质是税 目"归位"，而非新增税负，税目"归位"将进一步明确基础通信服务的公共属性，有助于推动运营商更加 聚焦网络建设、服务保障等核心主业。中国电信、中国联通在公告中表示，将聚焦于"连接"、"算 力"、"服务"、"安全"等核心领域。中国移动则表示，将致力于做强做优通信服务、算力服务与智能服 务。税率调整本身不直接涉及消费者资费的变化。 ...