证券之星消息，1月22日基础建设板块较上一交易日上涨0.0%，国晟科技领涨。当日上证指数报收于 4122.58，上涨0.14%。深证成指报收于14327.05，上涨0.5%。基础建设板块个股涨跌见下表： 从资金流向上来看，当日基础建设板块主力资金净流入2.03亿元，游资资金净流出5649.17万元，散户资 金净流出1.47亿元。基础建设板块个股资金流向见下表： | 代码 | 名称 | 主力净流入(元) | 主力净占比 游资净流入 (元) | | 游资净占比 散户净流入 (元) | | 散户净占比 | | --- | --- | --- | --- | --- | --- | --- | --- | | 601611 | 中国核建 | 5.31 Z | 14.59% | -9436.81万 | -2.59% | -4.37 Z | -12.00% | | 603778 | 園晟科技 | 3.42 Z | 14.18% | -2.28 Z | -9.45% | -1.14亿 | -4.73% | | 002062 | 宏润建设 | 1.09 Z | 17.75% | -1226.85万 | -1.99% | -9 ...

Core Viewpoint - The establishment of China Nuclear (Xiangshan) Nuclear Energy Co., Ltd. marks a significant step in the development of the Jinqimen Nuclear Power Project, with a total investment of approximately 120 billion yuan and plans for six nuclear units [1][2][4]. Group 1: Company Formation and Shareholding - China Nuclear (Xiangshan) Nuclear Energy Co., Ltd. was established with a registered capital of 250 million yuan, focusing on power generation, transmission, and supply [1]. - The company is jointly owned by several entities, including China Nuclear Zheneng Energy Co., Ltd., China Nuclear Power Development (Beijing) Co., Ltd., and others, indicating a mix of state-owned and private enterprises [1]. - The involvement of private companies such as Ningbo Riyue Group and Minsheng Life Insurance reflects a growing trend of private capital participation in the nuclear sector [1]. Group 2: Jinqimen Nuclear Power Project - The Jinqimen Nuclear Power Project is located in Xiangshan, Ningbo, and is currently under construction, with the first phase approved by the State Council [2][4]. - The project plans to build six million-kilowatt pressurized water reactor units, with an expected annual power generation of 55 billion kilowatt-hours, which will meet half of Ningbo's electricity demand in 2024 [4]. - The project is significant as it represents the fourth nuclear power base in Zhejiang Province, following other major projects [4]. Group 3: Investment Landscape and Trends - Zhejiang Province has the highest concentration of private investment in nuclear power in China, with several projects allowing for increasing private equity participation [5][6]. - The trend of allowing private capital in nuclear projects is supported by government policies aimed at sharing development opportunities and stabilizing long-term returns [6]. - The strategic importance of nuclear power in Zhejiang's energy landscape is emphasized, with plans to enhance renewable energy supply and develop coastal nuclear power [6].

Group 1 - The establishment of China Nuclear (Xiangshan) Nuclear Energy Co., Ltd. has been reported, with a registered capital of 250 million yuan [1] - The legal representative of the new company is Zhong Hua, and its business scope includes power generation, transmission, distribution, radiation monitoring, inspection and testing services, and heat production and supply [1] - The company is jointly held by China National Nuclear Power (601985) subsidiary China Nuclear Energy Development (Beijing) Co., Ltd., Hongrun Construction (002062), Youngor Group Co., Ltd. (600177), and Alibaba's Shanghai Yiqi Network Technology Co., Ltd. [1]

Group 1 - The establishment of China Nuclear (Xiangshan) Nuclear Energy Co., Ltd. has been officially registered with a capital of 250 million RMB [1] - The company will engage in various operations including power generation, transmission, distribution, radiation monitoring, inspection and testing services, and thermal production and supply [1] - Shareholders include China National Nuclear Power (601985), Zhongke Zhejiang Energy Co., Ltd., Hongrun Construction (002062), Youngor Group Co., Ltd. (600177), and Alibaba's Shanghai Yiqi Network Technology Co., Ltd. [1]

Core Viewpoint - Recently, China Nuclear (Xiangshan) Nuclear Energy Co., Ltd. was established with a registered capital of 250 million RMB, focusing on power generation, transmission, and distribution services, among other activities [1][2]. Company Information - The legal representative of the company is Zhong Hua, and it is registered under the supervision of Xiangshan Market Supervision Administration [2]. - The company has a business scope that includes power generation, transmission, distribution, radiation monitoring, inspection and testing services, thermal production and supply, business training, and investment activities using its own funds [1][2]. Shareholder Information - The shareholders of China Nuclear (Xiangshan) Nuclear Energy Co., Ltd. include China Nuclear Power's subsidiary, China Nuclear Zheneng Energy Co., Ltd., Hongrun Construction (002062), Youngor Group Co., Ltd., and Alibaba's Shanghai Yiqi Network Technology Co., Ltd. [1][3].

Core Viewpoint - Recently, China Nuclear (Xiangshan) Nuclear Energy Co., Ltd. was established with a registered capital of 250 million RMB, focusing on various energy-related services and investments [1] Company Information - The legal representative of the newly established company is Zhong Hua [1] - The registered capital of the company is 250 million RMB [1] - The business scope includes power generation, transmission, distribution, radiation monitoring, inspection and testing services, heat production and supply, business training, and investment activities using self-owned funds [1] Shareholder Composition - The company is jointly held by China Nuclear Power (601985) subsidiary China Nuclear Zheneng Energy Co., Ltd., Hongrun Construction (002062), Youngor Group Co., Ltd. (600177), and Alibaba's Shanghai Yiqi Network Technology Co., Ltd. [1]

Market Overview - The infrastructure sector experienced a slight decline of 0.04% on January 19, with Guosheng Technology leading the drop [1] - The Shanghai Composite Index closed at 4114.0, up by 0.29%, while the Shenzhen Component Index closed at 14294.05, up by 0.09% [1] Top Performers in Infrastructure Sector - Chengdu Road and Bridge (002628) saw a significant increase of 10.02%, closing at 4.50 with a trading volume of 585,800 shares and a transaction value of 254 million [1] - Hongrun Construction (002062) rose by 7.32%, closing at 9.68 with a trading volume of 728,100 shares and a transaction value of 694 million [1] - Guanzhong Ecology (300948) increased by 5.92%, closing at 25.95 with a trading volume of 126,400 shares and a transaction value of 319 million [1] Underperformers in Infrastructure Sector - Guosheng Technology (603778) led the decline with a drop of 10.02%, closing at 20.21 with a trading volume of 58,300 shares and a transaction value of 118 million [2] - Wenkai Co., Ltd. (002775) fell by 8.09%, closing at 4.43 with a trading volume of 980,600 shares and a transaction value of 430 million [2] - Huylv Ecology (001267) decreased by 6.21%, closing at 24.15 with a trading volume of 587,000 shares and a transaction value of 1.443 billion [2] Capital Flow Analysis - The infrastructure sector experienced a net outflow of 832 million from institutional investors, while retail investors saw a net inflow of 665 million [2] - The top three stocks with significant net inflows from retail investors include Chengdu Road and Bridge (002628) with a net inflow of 37.06 million, Hongrun Construction (002062) with a net inflow of 26.66 million, and ST Lingnan (002717) with a net inflow of 16.44 million [3]

Core Viewpoint - The A-share market shows positive momentum with the Shanghai Composite Index closing above the six-month moving average, indicating a potential bullish trend in the market [1]. Group 1: Market Performance - The Shanghai Composite Index closed at 4114.00 points, with a gain of 0.29% [1]. - The total trading volume of A-shares reached 27,322.16 billion yuan [1]. Group 2: Stocks Breaking the Six-Month Moving Average - A total of 260 A-shares have surpassed the six-month moving average today [1]. - Notable stocks with significant deviation rates include: - Zhejiang Natural: 7.31% deviation rate, closing price at 27.11 yuan [1]. - Jingxing Paper: 7.12% deviation rate, closing price at 5.86 yuan [1]. - Hongrun Construction: 6.80% deviation rate, closing price at 9.68 yuan [1]. Group 3: Stocks with Smaller Deviation Rates - Stocks with smaller deviation rates that have just crossed the six-month moving average include: - Chuangye Heima: just above the six-month line [1]. - Fengshan Group: just above the six-month line [1]. - Anyang Steel: just above the six-month line [1].

Core Viewpoint - Hongrun Construction's stock price has experienced a decline of 4.11% year-to-date, with a notable drop of 4.62% over the past five trading days, indicating a challenging market environment for the company [2]. Group 1: Stock Performance - As of January 15, Hongrun Construction's stock price fell by 2.10%, reaching 8.87 CNY per share, with a trading volume of 96.44 million CNY and a turnover rate of 0.95% [1]. - The company has seen a 23.34% decrease in stock price over the past 60 days [2]. Group 2: Financial Performance - For the period from January to September 2025, Hongrun Construction reported a revenue of 4.262 billion CNY, reflecting a year-on-year decrease of 0.47%, while the net profit attributable to shareholders was 244 million CNY, down 2.41% year-on-year [2]. - Cumulative cash dividends since the company's A-share listing amount to 1.293 billion CNY, with 342 million CNY distributed over the past three years [3]. Group 3: Shareholder Information - As of September 30, 2025, the number of shareholders for Hongrun Construction increased to 35,200, up by 2.55% from the previous period, with an average of 31,972 circulating shares per shareholder, a decrease of 2.48% [2]. - Hong Kong Central Clearing Limited is the fourth-largest circulating shareholder, having acquired 16.576 million shares as a new shareholder [3]. Group 4: Business Overview - Hongrun Construction, established on December 29, 1994, and listed on August 16, 2006, operates primarily in municipal public works, building construction, urban rail transit engineering, and real estate development [2]. - The company's revenue composition includes 76.18% from construction and municipal infrastructure investment, 20.80% from renewable energy development, 5.53% from real estate development, and 0.69% from other businesses [2].

Macroeconomic Insights - December CPI year-on-year growth expanded, primarily due to a low base and rising food prices[8] - PPI year-on-year decline narrowed, influenced by rising non-ferrous metal prices and the ongoing effects of "anti-involution" policies[8] - The price environment may continue to improve in 2026, with PPI supported by deepening "anti-involution" policies and tightening competition for key minerals[8] Market Trends - In December, the top 100 real estate companies achieved a total sales amount of CNY 341.5 billion, a month-on-month increase of 39.7%[33] - For the full year 2025, the cumulative sales amount for the top 100 real estate companies was CNY 3.36 trillion, a year-on-year decrease of 19.8%[33] - The new stock market saw 18 new listings in December, raising over CNY 30 billion, with average first-day gains of 214% for the main board and 296% for the dual innovation board[18] Industry Performance - The credit bond issuance volume increased seasonally, with a total of 332 bonds issued, amounting to CNY 312.27 billion, a week-on-week increase of 306%[22] - The domestic electrolytic aluminum price reached CNY 23,300 per ton, the highest since March 2022, with the aluminum-to-copper price ratio hitting a 20-year high[42] - The solid-state battery industry is entering a new phase of industrialization, with expectations for mass production by 2026-2027[47]