证券研究报告 2月十大金股推荐 1 ※ 核心观点 我们认为当前仍处于市场流动性偏宽的环境中，叠加高频景气跟踪与上市公司业绩预告均显示基本面有结构性亮点， 因此继续看好权益市场延续震荡向上趋势。方向上，建议重点关注：一是内外需共振景气向上、成长预期较好的科技 制造板块（AI/半导体/存储/风电等）；二是受益于产品涨价预期的周期板块（有色金属/化工等）；三是业绩有望筑 底改善的行业（建材/免税等）；四是部分绩优红利资产（保险等）。 资料来源：Wind，平安证券研究所 备注：本篇报告数据统计截至2026/1/29 平安证券研究所 2026年1月30日 请务必阅读正文后免责条款 2 证券代码 证券名称 申万一级行业 总市值 PE PB 推荐逻辑 （亿元人民币） (TTM) (MRQ) 300223.SZ 北京君正 电子 662 208.6 5.3 存储周期上行，L3智能驾驶催化汽车电子 603005.SH 晶方科技 电子 201 58.9 4.4 WLCSP先进封装领先企业，受益车规CIS需求扩张 688041.SH 海光信息 电子 6,073 256.6 27.7 国产算力领先企业，业绩持续增长可期 688615. ...

1月29日，在格鲁吉亚什达－卡尔特里大区鲁伊西风电项目现场，一名工人清理塔筒。新华社记者 陈俊锋 摄 由中国企业金风科技参与建设的格鲁吉亚鲁伊西风电项目于2025年12月进入风机吊装阶段。鲁伊西风电项目位于格鲁吉亚中部的什达－卡尔特里大区，距离 格首都第比利斯约100公里。 这是1月29日在格鲁吉亚什达－卡尔特里大区鲁伊西风电项目拍摄的一座已经安装完毕的风机。新华社记者 陈俊锋 摄 1月29日，在格鲁吉亚什达－卡尔特里大区鲁伊西风电项目现场，工人正在安装风机。新华社记者 陈俊锋 摄 这是1月29日在格鲁吉亚什达－卡尔特里大区鲁伊西风电项目拍摄的正在吊装的风机。新华社记者 陈俊锋 摄 这是1月29日在格鲁吉亚什达－卡尔特里大区鲁伊西风电项目拍摄的正在吊装的风机。新华社记者 陈俊锋 摄 1月29日，在格鲁吉亚什达－卡尔特里大区鲁伊西风电项目现场，工人正在安装风机。新华社记者 陈俊锋 摄 这是1月29日在格鲁吉亚什达－卡尔特里大区鲁伊西风电项目拍摄的已经安装完毕的风机。新华社记者 陈俊锋 摄 这是1月29日在格鲁吉亚什达－卡尔特里大区鲁伊西风电项目拍摄的准备安装的风机发电机。新华社记者 陈俊锋 摄 ...

Core Viewpoint - The company has established a comprehensive governance structure to ensure sustainable operations and healthy development [1] Group 1 - The company is actively engaging with investors through interactive platforms [1] - The governance structure is designed to support long-term growth and stability [1]

证券日报网讯1月29日，三峡能源（600905）在互动平台回答投资者提问时表示，公司直接持有金风科 技（002202）股票，金风科技所持有资产与公司不存在股权关系。 ...

近日，建设银行（601939）、万科A、金风科技（002202）、电子城（600658）等头部企业，相继宣布 主动撤回或终止公募REITs的发行申请。 中国证券报记者了解到，近期多个公募REITs的"战略性撤退"，或是监管新规落地、市场环境变化及企 业自身战略调整共同作用的结果，也预示着公募REITs市场正从"扩容提速"转向更加注重资产质量、估 值逻辑深度重构的新发展阶段。 多家公司撤回REITs申报 1月23日，建设银行公告称，前期，该行附属公司建信住房作为原始权益人，以建信住房持有的保障性 租赁住房项目申报发行公募REITs。该项目于2024年3月获中国证券监督管理委员会和上海证券交易所 受理。为进一步整合项目资源，优化运营管理，该项目的基金管理人和专项计划管理人主动申请撤回申 报材料。截至2026年1月23日，该项目已终止申报审核流程。 图片来源：建设银行公告 建设银行表示，本次终止申报审核，不会对该行的经营活动和财务状况产生不利影响。 记者就该项目终止的原因、未来发展规划等问题向建设银行发函采访。截至记者发稿，该行未予以明确 回应。记者注意到，此次公募REITs撤回或正处于建信住房经营发展的关键阶段， ...

1月25日，盐城市射阳港经开区CQC新能源创新基地第三实验台正式投用，标志着全球唯一可同时检测6支200米级风电叶片的全尺寸试验平台全面启用， 填补了国内深远海大兆瓦风电叶片全尺寸检测空白，为我国风电产业向"大兆瓦、长叶片、深远海"转型提供坚实支撑。 从检测流程来看，平台实现"装夹-标定-测试-分析-认证"全链条闭环服务。中国质量认证中心有限公司叶片负责人李富告诉记者，叶片固定后安装检测设 备并校准，再开展针对性实验，实时采集核心数据，生成报告并同步至CQC认证系统，为企业产品取证、技术迭代提供直接支撑，大幅提升企业研发生 产效率。 该平台的投用，对企业而言，平台就近提供国家级检测服务，使远景能源、中车风电、明阳智能（601615）等头部企业的研发周期缩短30%以上，外送检 测成本降低约40%，有效加速了大兆瓦叶片的国产化进程与出海步伐。 通讯员张学法 校对朱亚萍 1月26日，记者实地探访看到，上海电气（601727）风电股份有限公司、运达能源科技集团有限公司，明阳智慧能源集团股份公司、金风科技（002202） 有限公司等头部企业的多支叶片，正在试验台上有序开展检测。 据了解，该全尺寸叶片检测平台是射阳港零碳 ...

证券日报网讯1月26日，金风科技（002202）在互动平台回答投资者提问时表示，截至2025年9月30日， 公司普通股股东总数为202368户。 ...

Group 1: Market Overview - On January 26, the main funds in the Shanghai and Shenzhen markets experienced a net outflow of 757.1 billion yuan, with the ChiNext index seeing a net outflow of 281.49 billion yuan and the CSI 300 index a net outflow of 95.23 billion yuan [1] - Among the 10 primary industry sectors, the non-ferrous metals sector had the highest increase at 4.57%, followed by the petroleum and petrochemical sector at 3.18% and the coal sector at 2.07% [1] - In contrast, the defense and military industry saw the largest decline at 4.47%, with the automotive, social services, electronics, real estate, and computer sectors also experiencing declines exceeding 2% [1] Group 2: Fund Inflows and Outflows by Industry - Six industries saw net inflows of main funds, with the pharmaceutical and biotechnology sector leading at 3.29 billion yuan, followed by the communication sector at 2.519 billion yuan, and both the non-bank financial and banking sectors exceeding 1.4 billion yuan [1] - Conversely, 25 industries experienced net outflows, with the electronics, power equipment, and defense industries each seeing outflows exceeding 11 billion yuan [1] Group 3: Individual Stock Performance - Two stocks, Wangsu Science & Technology and Tianfu Communication, had significant net inflows exceeding 1.1 billion yuan, with Wangsu Science & Technology seeing a net inflow of 1.719 billion yuan and a price increase of 20.03% [2][3] - A total of 120 stocks had net inflows exceeding 100 million yuan, with 23 stocks exceeding 300 million yuan [2] - On the other hand, over 270 stocks had net outflows exceeding 1 billion yuan, with the leading outflow from Xunwei Communication at 1.946 billion yuan, followed by Goldwind Technology at 1.864 billion yuan [4][5] Group 4: End-of-Day Fund Flows - At the end of the trading day, the main funds saw a net outflow of 15.61 billion yuan, with the ChiNext index experiencing a net outflow of 6.76 billion yuan [6] - Four stocks had net inflows exceeding 1 billion yuan at the end of the day, with Hikvision leading at 1.471 billion yuan and a price increase of 1.13% [6][7] - Conversely, 25 stocks had net outflows exceeding 700 million yuan, with CATL, Weichai Power, and Tongfu Microelectronics each seeing outflows exceeding 2 billion yuan [8][9]

Group 1 - The core issue revolves around the crackdown on stock influencers (known as "大V") who have been manipulating the market and misleading retail investors, leading to significant financial losses for the latter [2][3][37] - On January 19, the Zhejiang Securities Regulatory Bureau issued a penalty of over 83 million yuan to a stock influencer named Jin Yongrong, also known as "Jin Huo," for market manipulation [3][39] - The regulatory actions included the permanent banning of 22 influencer accounts on the Snowball platform, which were known for long-term stock recommendations and had large followings [2][37][61] Group 2 - Jin Yongrong's account had approximately 130,000 followers and was involved in promoting stocks across multiple platforms, including WeChat and Xiaohongshu, significantly increasing his influence [4][39] - His trading activities included buying stocks before recommending them and then selling them at a profit to retail investors, which led to a calculated illegal gain of approximately 41.6 million yuan [8][41][42] - The regulatory body emphasized that disclaimers in his posts did not absolve him of responsibility, as they were merely formalities that did not change the nature of his actions [7][40] Group 3 - Other platforms like Ant Group, Douyin, and Tencent have also announced measures to combat misleading financial content, with Ant Group reporting the removal of over 58,000 pieces of illegal financial promotional content [28][32][61] - The crackdown is part of a broader initiative to address issues such as excessive speculation, inducement of follow-on trading, and the dissemination of false information in the capital markets [26][59] - The actions taken against these influencers reflect a growing concern over the integrity of the capital markets and the protection of retail investors from fraudulent practices [2][37][58]

Market Overview - The Shanghai Composite Index fell by 0.09% on January 26, with 10 industries experiencing gains, led by non-ferrous metals and petroleum & petrochemicals, which rose by 4.57% and 3.18% respectively. Conversely, the defense & military and automotive industries saw declines of 4.47% and 2.31% respectively [1] Capital Flow Analysis - The main capital outflow from the two markets totaled 114.32 billion yuan, with six industries seeing net inflows. The non-bank financial sector led with a net inflow of 3.493 billion yuan and a daily increase of 0.79%, followed by the pharmaceutical & biological sector, which had a net inflow of 2.839 billion yuan and a daily increase of 0.29% [1] Electric Power Equipment Industry - The electric power equipment industry experienced a decline of 1.42%, with a total net capital outflow of 20.306 billion yuan. Out of 365 stocks in this sector, 76 rose, including 5 that hit the daily limit, while 289 fell, with 1 hitting the lower limit. There were 83 stocks with net capital inflows, with the top inflow being from Dike Co., which saw 300 million yuan, followed by Penghui Energy and Kehua Data with inflows of 278 million yuan and 272 million yuan respectively [2] Top Gainers in Electric Power Equipment - The top gainers in the electric power equipment sector included: - Dike Co. (-7.45%, turnover rate 18.99%, capital flow 299.66 million yuan) - Penghui Energy (3.77%, turnover rate 16.15%, capital flow 277.74 million yuan) - Kehua Data (3.60%, turnover rate 8.34%, capital flow 271.53 million yuan) - Other notable gainers included DeYe Co. (6.11%), Yamaton (10.00%), and Mingyang Smart Energy (10.02%) [2] Top Losers in Electric Power Equipment - The top losers in the electric power equipment sector included: - Goldwind Technology (-3.99%, capital outflow -1.836 billion yuan) - Longi Green Energy (-1.34%, capital outflow -1.539 billion yuan) - CATL (-1.43%, capital outflow -975.71 million yuan) - Other significant outflows were seen in Jiejia Weichuang, Sunshine Power, and Precision Holdings [3]