黄金股走低，湖南白银触及跌停，晓程科技、四川黄金、湖南黄金、招金黄金、山东黄金跟跌。 ...

- The report does not contain any quantitative models or factors for analysis[1][3][4]

Market Overview - On February 4, the A-share market experienced a decline, with the Shanghai Composite Index turning negative and the ChiNext Index dropping over 2%. The total trading volume in the Shanghai and Shenzhen markets reached 1.63 trillion yuan, an increase of 12.7 billion yuan compared to the previous trading day, with over 2900 stocks declining [1]. Sector Performance - The space photovoltaic concept showed strong performance, with Zhonglai Co. hitting the daily limit and Guosheng Technology achieving two consecutive limits. The airport and shipping sectors also performed well, with China Eastern Airlines and Huaxia Airlines reaching their daily limits. The real estate sector was active, with Rong'an Real Estate and Caixin Development hitting their daily limits. The hydrogen energy concept surged, with Jingcheng Co. and Zhiyuan New Energy reaching their daily limits [4]. - The coal sector experienced a significant surge, with major coal companies like Yanzhou Coal Mining and China Coal Energy both hitting their daily limits. Other stocks such as Shaanxi Black Cat and Meijin Energy also reached their daily limits, while Shaanxi Coal and Chemical, Shanxi Coal International, Xinji Energy, and China Shenhua followed suit [4]. Coal Supply Impact - Reports indicate that the Indonesian government has proposed a significant production cut, leading to a suspension of spot coal exports by local miners. China is the largest importer of Indonesian coal, with an expected import of 242 million tons in 2024, accounting for 42.73% of Indonesia's total exports. This suspension is projected to impact China's thermal coal supply by 5.3%, increasing inventory pressure on power plants in Southeast China. Additionally, there are reports of rising coal prices domestically [6]. Precious Metals Market - The precious metals sector opened with a rebound but later turned negative, with companies like Zijin Mining and Hunan Gold experiencing declines. The National Investment Silver LOF resumed trading and hit the daily limit down, with a latest premium rate of 64.6%. After significant drops on January 30 and February 2, spot gold prices rebounded to over $5000, while spot silver reached $88 per ounce [7]. - Market sentiment remains volatile, with speculative funds showing significant movement. The geopolitical uncertainty surrounding US-Iran negotiations continues to pose risks. Overall, the precious metals market is influenced heavily by market emotions, with short-term volatility risks to be monitored, while long-term trends remain optimistic [7]. Individual Stock Highlights - Guizhou Moutai's stock rose over 2%, reaching a price above 1500 yuan for the first time since September 15, 2025 [8]. Hong Kong Market - The Hang Seng Technology Index fell over 2%, with many tech stocks in Hong Kong experiencing declines. Notable drops included Bilibili down over 4%, Tencent Holdings down over 3%, and other companies like Baidu, Lenovo, NetEase, Meituan, and Xiaomi all falling over 2% [9]. Cryptocurrency Market - The cryptocurrency market saw a collective downturn, with Bitcoin experiencing a high-level correction of nearly 40% [10].

消息面上，在经历了1月30日、2月2日两个交易日的暴跌之后，现货黄金价格连续第二天反弹，重新站上5000美元大关。2月4日早盘交易中，现货黄金一度 涨超2%，前一交易日涨幅超过6%。 2月4日，A股贵金属板块开盘全线反弹后重挫翻绿，随后呈低位震荡走势。个股方面，截至10:14，盛达资源涨超2%，恒邦股份、紫金矿业、贵研铂业、湖 南黄金等多只贵金属概念股跟涨，昨日"一字"跌停的湖南白银也有反弹迹象。 对于本轮黄金反弹原因，中信建投期货在最新研报中表示，贵金属在经历了前期的快速下跌后，市场对沃什"鹰派"疑虑有所缓解，市场风险有所释放，再度 开启交易去美元化、地缘秩序变革等长线利多因素。 值得注意的是，中信建投警告投资者，贵金属日内波动仍然剧烈，投机资金进出仍然明显，市场风险依然存在。消息面，美伊谈判艰难，目前双方就谈判地 点仍未达成共识，地缘不确定性仍存。总体来看，当下贵金属行情受市场情绪影响较强，需关注短期波动风险，长期走势仍趋于乐观。 国信期货亦提示贵金属波动风险。短期内，在避险情绪与政策预期双重作用下，金银预计将维持高波动、宽幅震荡的格局。 策略方面，国信期货建议将风险控制置于绝对优先地位。已有黄金多单可继 ...

Market Overview - A-shares experienced a collective rise on February 3, with the Shanghai Composite Index increasing by 1.29% to 4067.74 points, the Shenzhen Component Index rising by 2.19% to 14127.1 points, and the ChiNext Index up by 1.86% to 3324.89 points [1] - The total trading volume in the Shanghai and Shenzhen markets was 2.54 trillion yuan, a decrease of approximately 40.5 billion yuan compared to the previous trading day [1] - A total of 4583 stocks rose while 514 stocks fell, indicating a significant market profit effect [1] Hot Stocks - The top ten popular stocks included Aerospace Development, Jieli Sockets, Tongling Nonferrous Metals, Silver (core stock) Nonferrous Metals, Lioh Co., Zhejiang Wenlian, Hunan Gold, Hongbaoli, Zhongchao Holdings, and Hunan Silver [1][2] Aerospace Development - Aerospace Development benefits from strong policy support in the commercial aerospace sector, having completed the development and launch of multiple commercial satellites and achieved constellation networking operations [3] Jieli Sockets - Jieli Sockets' stock performance is driven by its deep involvement in commercial aerospace and deep-sea mooring sectors, receiving official certification from the Aerospace Science and Technology Institute as the exclusive supplier of key components for the recovery capture system [3] Tongling Nonferrous Metals - Tongling Nonferrous Metals is positively impacted by rising copper prices and a tight supply-demand balance, with LME copper inventories at a low level. The company is one of the largest copper smelting enterprises in China, producing over 400,000 tons annually [3] Silver Nonferrous Metals - The performance of Silver Nonferrous Metals is influenced by international silver price trends, driven by explosive growth in industrial demand, particularly in the photovoltaic and electronics sectors. The company has established a 1.5 billion yuan gold subsidiary, aligning with market interest in precious metals [3] Lioh Co. - Lioh Co. has a solid foundation in its dual business layout of "smart pumps and systems" and "digital marketing," with forward-looking applications in AI marketing and related fields [4][5] Zhejiang Wenlian - Zhejiang Wenlian benefits from optimized governance structure and precise business positioning, having completed rectification of related issues and received legal confirmation of governance compliance [5] Hunan Gold - Hunan Gold's stock performance is supported by improvements in its fundamentals and industry conditions, with recent announcements of major asset restructuring and performance forecasts amid rising international gold prices [5] Hongbaoli - Hongbaoli's core drivers stem from substantial improvements in its main business, focusing on the research and production of epoxy propylene derivatives, with recent projects entering trial production [5]

据了解，有色矿业ETF招商(场内：159690；场外：026477)前三大权重品种铜（31%）、金（14%）、 铝（12%）合计占比近6成，龙头集中度高。还自带"杠杆属性"，被称为"有色放大器"：由于集中投资 上游资源龙头，在矿业公司成本相对固定时，有色金属价格上涨导致涨价部分几乎全是利润。因此形成 利润+估值双提升的"戴维斯双击"行情，净值涨幅数倍于商品本身。 | | | | | 有色矿业ETF招商 | | | --- | --- | --- | --- | --- | --- | | | 2.369 +0.049 +2.11% | | | 159690 | | | | SZSE CNY 9:25:27 休市 查看L2全景 | | | | / 8 + | | 净值走势 | 招商中证有色金属矿业主题ET | | 文年 | 20.87% 120H | 83.22% | | 要比 | 83.72% == | 9749 | 5日 | -11.57% 250日 | 136.19% | | 卖五 | 2.387 | 1万 | 20日 | 12.38% 52周筒 | 2.79 | | 空山 | 2.380 | 3570 ...

每经AI快讯，2月4日，贵金属板块连日走强，湖南黄金涨超7%，晓程科技涨超5%，恒邦股份、赤峰黄 金、山金国际、招金黄金等个股跟涨。 （文章来源：每日经济新闻） ...

格隆汇2月4日丨湖南黄金(002155.SZ)涨6.96%，报39.180元，股价创历史新高，总市值612.25亿元。 ...

商报讯(记者苗露)昨日，A股强势反弹，沪指午后涨超1%，深证成指涨超2%；港股午后止跌，恒生指 数翻红。截至下午收盘，沪指涨1.29%报4067.74点，深证成指涨2.19%，创业板指涨1.86%，北证50指数 涨3.27%，沪深北三市合计成交约2.57万亿元。 从盘面上看，商业航天概念再度爆发，太空光伏概念拉升，CPO概念崛起，炬光科技涨超18%，盘中突 破300元大关，创历史新高。半导体板块亦走高。此外，近两日大幅回调的黄金概念亦有所反弹，湖南 黄金（002155）午后涨停，紫金矿业（601899）涨约6%。总的来说，A股全市场涨多跌少，超4800股 飘红。 商业航天概念爆发 国信证券研报称，当前金价波动对板块虽有短期情绪影响，但在当前行业增长逻辑转向依赖品牌建设、 工艺创新和文化叙事能力带来的"α收益"下，预计实际基本面影响相对平稳。黄金珠宝行业岁末迎来消 费旺季，板块整体估值处于低位，金价短期波动未影响核心龙头的增长逻辑，投资金业务占比较高企 业，以及具备一口价产品力的公司，仍有望实现稳定成长。 太空光伏概念活跃 受商业航天概念爆发的影响，光伏设备板块近期持续走强，昨日太空光伏概念盘中走势活跃，成分股 ...

湖南黄金触及涨停，晓程科技涨超10%，山金国际、山东黄金、中金黄金、赤峰黄金等跌幅收窄。 (本文来自第一财经) ...