截至今日（1月26日）收盘，上证指数报收4132.61点，下跌0.09%；深证成指收于14316.64点，下跌 0.85%。创业板指下跌0.91%；科创50指数下跌1.35%。 不含未开板新股，今日可交易A股中，上涨个股有1604只，占比29.36%，下跌个股有3771只。其中，收 盘封死涨停的有77只，跌停股有42只。另外，53股封板未遂，整体封板率为59.23%。 德邦证券指出，贵金属与有色金属表现强势。具体来看，国际商品中"贵金属领涨，银价飙升，锡、 金、镍价大涨"。国内市场同样呈现"贵金属、有色、能化强势，白银领涨"的格局。 从封单力度（封单量占流通A股比例）来看，中农联合、湖南黄金、天奇股份等力度较大，分别为 14.40%、11.25%、7.92%。 | | | | 1月26日涨停封单资金居前的个股 | | | --- | --- | --- | --- | --- | | 代码 | 简称 | 涨停封单额 (亿元) | 涨停板情况 | 涨停原因 | | 002155 | 湖南黄金 | 44.43 | 首板 | 重组复牌+黄金预增+湖南国资 | | 601615 | 明阳智能 | 8.71 | 3连板 ...

截至今日(1月26日)收盘，上证指数报收4132.61点，下跌0.09%；深证成指收于14316.64点，下跌 0.85%。创业板指下跌0.91%；科创50指数下跌1.35%。 德邦证券指出，贵金属与有色金属表现强势。具体来看，国际商品中"贵金属领涨，银价飙升，锡、 金、镍价大涨"。国内市场同样呈现"贵金属、有色、能化强势，白银领涨"的格局。 从封单力度(封单量占流通A股比例)来看，中农联合、湖南黄金、天奇股份等力度较大，分别为 14.40%、11.25%、7.92%。 | | | | 1月26日涨停封单资金居前的个股 | | | --- | --- | --- | --- | --- | | 代码 | 简称 | 涨停封单额 (亿元) | 涨停板情况 | 涨停原因 | | 002155 | 湖南黄金 | 44.43 | 首板 | 重组复牌+黄金预增+湖南国资 | | 601615 | 明阳智能 | 8.71 | 3连板 | 收购芯片+太空光伏+风电龙头 | | 002009 | 天奇股份 | 7.32 | 首板 | 人形机器人+锂电循环 | | 300017 | 网宿科技 | 4.65 | 首板 | 边缘AI ...

Core Viewpoint - Solid growth in core business is essential for companies to navigate through economic cycles [1] Performance Growth Highlights - **XianDao Intelligent (300450)**: Expected net profit of 150 million to 180 million, a year-on-year increase of 424.29% to 529.15% due to recovery in global battery demand and internal digital transformation [6] - **YongChuang Intelligent (603901)**: Expected net profit of 12.8 million to 15.5 million, a year-on-year increase of 721.57% to 894.86% driven by improved delivery efficiency and product structure optimization [7] - **DaoShi Technology (300409)**: Expected net profit growth of 206.01% to 269.76% due to increased production capacity and recovery in cobalt prices [8] - **FuDa Alloy (603049)**: Expected net profit growth of 119.14% to 219.95% supported by stable demand in power equipment and new energy sectors [9] - **ZhaoJin Gold (000506)**: Expected net profit of 12.2 million to 18.2 million, a turnaround from a loss of 127 million last year, driven by increased production and rising gold prices [10] - **SiTeWei (688213)**: Expected net profit of 97.635 million to 103.053 million, a year-on-year increase of 149% to 162% due to increased shipments of smartphone camera products [11] - **ZhongWei Semiconductor (688380)**: Expected net profit of around 28.4 million, a year-on-year increase of approximately 107.55% due to new product launches [12] - **Hunan Gold (002155)**: Expected net profit of 127 million to 160.8 million, a year-on-year increase of 50% to 90% driven by rising sales prices [13] - **NanFang Precision (002553)**: Expected net profit of 30 million to 37 million, a year-on-year increase of 1,130% to 1,417% due to investment project evaluations [14] - **Shanghai YiZhong (688091)**: Expected net profit of 6 million to 7 million, a year-on-year increase of 760.18% to 903.54% due to inclusion in the national medical insurance directory [15] - **RunTu Co., Ltd. (002440)**: Expected net profit of 60 million to 70 million, a year-on-year increase of 181.05% to 227.89% driven by improved operating profits [16] Major Performance Changes - **HeFu China (603122)**: Expected net loss of 36 million to 25 million, a shift from profit due to changes in the macro environment and industry policies [17] - **ChangJiu Logistics (603569)**: Expected net loss of 75 million to 50 million, a shift from profit due to asset impairment and operational challenges [18] - **ZhiChun Technology (603690)**: Expected net loss of 45 million to 30 million, a shift from profit due to increased competition and rising R&D costs [19] - **BaYi Steel (600581)**: Expected net loss of 205 million to 185 million, a shift from profit due to supply-demand imbalance in the steel industry [20] - **AoKeMa (600336)**: Expected net loss of 22 million to 17 million, a shift from profit due to increased competition in the home appliance sector [21] - **HuiDa Sanitary Ware (603385)**: Expected net loss of 21.6 million to 18 million, a shift from profit due to market demand decline [22] - **DongFeng Co. (600006)**: Expected net loss of 48 million to 39 million, a shift from profit due to competitive pressures in the commercial vehicle market [23] Industry Trend Analysis - **High Growth Industries**: Stable demand in new energy sectors benefits companies like FuDa Alloy [24] - **Performance Changes in Industries**: - New energy and lithium battery equipment sectors are experiencing explosive growth [25] - Gold and precious metals sectors are seeing significant profit improvements due to high prices [26] - Semiconductor and automotive electronics are benefiting from trends in smart vehicles [27] - Medical circulation is under pressure from cost control policies [28] - Logistics and transportation are facing profitability challenges due to falling prices [29] - Semiconductor equipment is experiencing short-term performance declines due to cyclical fluctuations [30] - Traditional manufacturing sectors like steel and home appliances are facing intensified competition [31]

Core Viewpoint - The international gold price has surged past the $5000 per ounce mark, leading to a wave of limit-up trading in gold stocks on the A-share market, making them a hot investment opportunity [1][4][21]. Group 1: Gold Price Surge - On January 26, the spot gold price easily broke the $5000 per ounce psychological barrier, setting a new historical high [2][21]. - The gold price has shown a remarkable increase of approximately 15% since the beginning of the year, following a 70% annual increase last year, marking the largest annual gain since the 1979 oil crisis [5][22]. - The speed of gold price increases has been notable, with the price rising from $4000 to over $5000 in just over three months [24]. Group 2: Market Reaction - Following the surge in gold prices, numerous gold stocks in the A-share market experienced limit-up trading, with significant gains observed across various companies [2][19]. - Notable stocks that reached their limit-up prices include Sichuan Gold, Hunan Gold, and China Gold, among others [2][19][29]. - The gold stock index outperformed other sectors significantly, indicating strong market interest and investment in this area [2][19]. Group 3: Factors Driving Gold Prices - The primary drivers of the recent gold price surge include escalating geopolitical tensions and a corresponding increase in market risk aversion [8][26]. - Central banks globally have accelerated their gold purchases, contributing to the sustained rise in gold prices as they seek to optimize their foreign exchange reserves and hedge against geopolitical risks [8][26]. - For instance, the Polish central bank has approved a plan to purchase up to 150 tons of gold, while the People's Bank of China has been increasing its gold reserves for 14 consecutive months [8][26]. Group 4: Future Outlook - Several financial institutions have raised their gold price forecasts, with Goldman Sachs increasing its year-end target from $4900 to $5400 per ounce, citing growing demand from both private investors and central banks [9][27]. - Bank of America has set a more aggressive target of $6000 per ounce, while Jefferies Group predicts a potential rise to $6600 per ounce this year [9][28][29]. - The new Mineral Resources Law, effective from July 1, 2025, allows exploration rights holders to convert their rights to mining rights more easily, potentially benefiting companies with gold mining resources [30][34].

Group 1 - The precious metals sector increased by 10.13% compared to the previous trading day, with Xiaocheng Technology leading the gains [1] - The Shanghai Composite Index closed at 4132.61, down 0.09%, while the Shenzhen Component Index closed at 14316.64, down 0.85% [1] - Key stocks in the precious metals sector showed significant price increases, with Yanzai Technology rising by 20.01% and Hunan Gold by 10.01% [1] Group 2 - The net outflow of main funds in the precious metals sector was 138 million yuan, while retail investors saw a net inflow of 223 million yuan [1] - Detailed fund flow data indicates that Hengbang Co. had a main fund net inflow of 2.33 billion yuan, while retail investors had a net outflow of 86.06 million yuan [2] - Shandong Gold experienced a net outflow of 119 million yuan from main funds, but a net inflow of 178 million yuan from retail investors [2]

记者注意到，2026年贵金属板块经历了一波大涨，短短16个交易日，板块指数从开盘的2407.71点上涨 至26日收盘的3517.33点，涨幅达46%。12只个股除湖南黄金与赤峰黄金外，涨幅全部超过40%。其中， 涨幅最高的是湘股湖南白银，高达161.27%。 业内人士认为，本轮贵金属上涨主要有4个原因，一是美国债务与赤字持续攀升，引发全球对其可持续 性及美元信用的担忧，多国央行正减持美债、增持黄金，支撑贵金属价格走强。二是AI产业发展、全 球能源转型加速，催生了对铜、铝等工业金属的增量需求。三是当前全球供应链格局从强调效率转向强 调安全——各国在增加关键矿物、能源、粮食的储备，拉动了对大宗商品的需求。四是供给周期变化。 有色金属主要品种在2011年后步入漫长的收缩期，行业产出缺口明显，对行业价格形成支撑。此外，短 期地缘风险也推高了大家对黄金的需求。 机构对于黄金价格也持乐观态度。高盛在最新报告中将今年底黄金的目标价上调至5400美元，杰富瑞集 团更是喊出6600美元/盎司的目标。 长沙晚报掌上长沙1月26日讯（全媒体记者 刘军）26日，现货黄金开盘后首次突破5000美元/盎司，创 下历史新高。在黄金大涨的刺 ...

Market Overview - The commercial aerospace sector experienced a pullback, while semiconductor, robotics, fintech, AI computing, consumer electronics, and solid-state battery stocks saw significant declines [1] - Gold stocks surged, with over 10 stocks hitting the daily limit up, including Xiaocheng Technology (+20%), Hunan Gold (+10.01%), and Zhaojin Gold (+10.01%) [1][2] - Vaccine concept stocks rose against the trend, indicating a divergence in market performance [1] Stock Performance - Notable gainers in the gold sector included: - Xiaocheng Technology: +20.01% at 52.90 - Hunan Gold: +10.01% at 25.27 - Zhaojin Gold: +10.01% at 21.43 - Hengbang Shares: +10.00% at 18.92 - Zhongjin Gold: +10.00% at 33.00 [2] - In contrast, commercial aerospace stocks faced significant losses, with Xinke Mobile down over 18% and Shaoyang Hydraulic down over 14% [3][5] Market Indices - On January 26, all three major A-share indices closed lower: - Shanghai Composite Index: -0.09% - Shenzhen Component Index: -0.85% - ChiNext Index: -0.91% - Sci-Tech Innovation Index: -2.23% [4] Trading Volume - The total trading volume in the Shanghai and Shenzhen markets reached 3.25 trillion, an increase of 163 billion compared to the previous trading day, with over 3,700 stocks declining [6] Capital Flow - Main capital inflows were observed in sectors such as non-ferrous metals, non-bank financials, banks, oil and petrochemicals, coal, and telecommunications, while outflows were noted in electronics, defense, automotive, computing, machinery, and power equipment [7] - Specific stocks with net inflows included: - Wangsu Technology: +1.7 billion - Tianfu Communication: +1.136 billion - Xinyi Sheng: +942 million [7] Institutional Insights - Galaxy Securities noted an acceleration in sector rotation, highlighting structural investment opportunities [7] - Huatai Securities indicated a gradual shift in the A-share market towards high-performing stocks [7] - Huajin Securities suggested that the short-term spring market continues, with A-shares maintaining a trend of oscillation with a slight upward bias [7]

Market Overview - The market experienced a downturn with the Shanghai Composite Index closing down 0.09%, the Shenzhen Component down 0.85%, and the ChiNext down 0.91% [1] - A total of 1,604 stocks rose while 3,771 stocks fell, indicating a broader market weakness [1] Precious Metals Sector - The precious metals sector saw significant gains, with gold prices surpassing $5,000 per ounce for the first time, and silver prices also rising sharply [2] - Notable stocks in this sector included Zhongjin Gold and Xibu Gold, which reached their daily limit [2] Pharmaceutical Sector - The pharmaceutical sector strengthened, with stocks like Cap Bio and Mike Bio hitting their daily limit due to concerns over a Nipah virus outbreak in India [2][4] - The outbreak has prompted increased monitoring in countries such as Thailand and Nepal [2] Oil and Gas Sector - Oil and gas stocks rallied, with Zhongman Petroleum hitting its daily limit and China National Offshore Oil Corporation (CNOOC) rising over 6% to reach a new high [5] Commercial Aerospace Sector - The commercial aerospace sector faced adjustments, with stocks like China Satellite and China Satcom hitting their daily limit [6] Large Sell Orders - Significant sell orders were noted in major stocks, with Zijin Mining seeing over 4.07 billion yuan in sell orders and China Ping An over 2.05 billion yuan [6] Market Sentiment and Policy - Analysts from CITIC Securities indicated that the current reduction in broad-based ETFs by institutional investors may be a strategy to realize profits rather than directly suppressing speculative trading [10] - The report suggests that increasing margin requirements or trading fees could be more effective in cooling market enthusiasm [10]

Market Overview - As of January 26, the Shanghai Composite Index fell by 0.09%, closing at 4132.6052 points, while the Shenzhen Component Index decreased by 0.85%, closing at 14316.637 points [1] Top Gainers in Hunan Stocks - Hunan Gold opened at 25.270 and closed at 25.270, with a daily increase of 10.01%, reaching a high of 25.270 and a low of 25.270, with a trading volume of 79,635 lots [2] - Hunan Silver opened at 17.430 and closed at 18.080, with a daily increase of 9.98%, reaching a high of 18.080 and a low of 17.430, with a trading volume of 3,996,619 lots [2] - Tangrenshen opened at 4.300 and closed at 4.510, with a daily increase of 5.13%, reaching a high of 4.510 and a low of 4.250, with a trading volume of 1,047,088 lots [2] - *ST Gauss opened at 12.750 and closed at 12.730, with a daily increase of 4.86%, reaching a high of 12.750 and a low of 12.380, with a trading volume of 141,327 lots [2] - Hansen Pharmaceutical opened at 6.920 and closed at 7.050, with a daily increase of 2.17%, reaching a high of 7.170 and a low of 6.840, with a trading volume of 194,010 lots [2] Top Losers in Hunan Stocks - Hengli Tui opened at 0.160 and closed at 0.150, with a daily decrease of 11.76%, reaching a high of 0.170 and a low of 0.150, with a trading volume of 611,606 lots [3] - Mengjie Shares opened at 4.930 and closed at 4.580, with a daily decrease of 7.10%, reaching a high of 5.030 and a low of 4.530, with a trading volume of 504,009 lots [3] - Yuhuan CNC opened at 24.290 and closed at 22.770, with a daily decrease of 6.14%, reaching a high of 24.380 and a low of 22.600, with a trading volume of 84,859 lots [3] - Shanhe Intelligent opened at 12.750 and closed at 12.120, with a daily decrease of 4.57%, reaching a high of 12.750 and a low of 12.020, with a trading volume of 579,723 lots [3] - Changlan Technology opened at 22.850 and closed at 22.050, with a daily decrease of 4.46%, reaching a high of 22.900 and a low of 21.900, with a trading volume of 152,679 lots [3]

Market Overview - The Shanghai Composite Index experienced a slight decline of 0.09% while the Shenzhen Component Index and the ChiNext Index fell by 0.85% and 0.91% respectively [1] - The total market turnover reached 3.28 trillion yuan, with over 1,600 stocks rising [1] Sector Performance - The gold sector showed strong performance, with multiple stocks such as Hunan Gold, Shengda Resources, Sichuan Gold, and China Gold hitting the daily limit [1] - Resource sectors including oil, coal, and gas were active, with stocks like Heshun Petroleum and Intercontinental Oil & Gas also reaching the daily limit [1] - The virus prevention sector saw a surge, with stocks like Maike Biology, Cape Biology, Zhijiang Biology, and Hualan Vaccine hitting the daily limit [1] Declining Sectors - Sectors such as electric motors, automotive parts, semiconductors, communication equipment, satellite internet, robotic actuators, and commercial aerospace experienced declines [1] - The overall market showed a mixed performance with certain sectors like mining, small metals, non-ferrous metals, insurance, fertilizers, securities, and titanium dioxide showing gains [1]