Group 1 - The A-share profit cycle may have reached a turning point, with a significant probability of profit indicators rebounding, indicating a gradual stabilization at the bottom of A-share profits [1] - Key profit indicators across the A-share market are showing signs of recovery, with a narrowing year-on-year decline in EPS and clear signs of ROE stabilization and rebound [1] - The main sectors with net inflows include non-ferrous metals, semiconductors, and automotive chips, indicating strong investor interest in these areas [1] Group 2 - The announcement to adjust export tax rebate policies for photovoltaic products will lower the VAT export rebate rate for battery products from 9% to 6% starting April 1, 2026, and eliminate it entirely from January 1, 2027, which may lead to a short-term surge in exports [3] - The aluminum market is expected to see a decline in demand for photovoltaic aluminum, while demand for electrolytic aluminum is projected to grow, supported by high demand in the power grid and automotive sectors [3] - Citic Securities forecasts that the average aluminum price will reach 23,000 yuan/ton in 2026, indicating a bullish outlook for the aluminum sector [3] Group 3 - The Chinese technology sector is expected to experience a significant profit growth turning point in 2026, potentially surpassing the profitability of the "seven giants" in the US stock market for the first time since 2022 [5] - The coal industry is anticipated to maintain a weak supply-demand balance in 2026, but with supportive policies, coal prices may perform better than in 2025, improving profit and dividend expectations for listed companies [5] - The TMT and consumer sectors are expected to show resilience in growth rates, while public utilities and transportation may face greater earnings pressure [11]

炒股就看金麒麟分析师研报，权威，专业，及时，全面，助您挖掘潜力主题机会！ 来源：财通社 白银这一轮上涨，把市场情绪彻底点燃了。 国际银价一路狂飙，年初至今累计涨幅超过50%。 不少投资者急着上车，希望在这轮行情中分得一杯羹。 在行情刺激下，A股里名字带"白银"的个股被反复点名，股价飞升。 甚至并非以白银为核心产品的白银有色（维权）（601212.SH），也被当成了最直接的白银概念股，成 交额和股价齐升。 同样因为"白银"二字受益、且主业确实围绕白银展开的湖南白银（002716.SZ）股价同样走高。 但有意思的是，在这轮情绪驱动的上涨中，湖南白银表现反而略逊于白银有色。 有人对此感慨道："家里有矿，不如名字带矿。" 01 "白银"个股飞升 白银行情的急剧升温，如今已传导至A股市场。 一些此前存在感并不强的个股，被资金重新点名，股价出现明显异动。 1月26日，湖南白银涨停，收于18.08元/股。 发出公告后，今天上午湖南白银开盘1分钟急速跌停，随后4分钟内迅速修复拉涨。截至下午A股收盘， 该股报17.64元/股，下跌2.43%，总市值497.99亿元。 | 最高:19.18 | 今开:18.08 | 涨停:19. ...

Market Overview - The precious metals sector increased by 0.8% compared to the previous trading day, with Xiaocheng Technology leading the gains [1] - The Shanghai Composite Index closed at 4139.9, up 0.18%, while the Shenzhen Component Index closed at 14329.91, up 0.09% [1] Individual Stock Performance - Xiaocheng Technology (300139) closed at 58.83, up 11.21% with a trading volume of 790,000 shares [1] - Hunan Gold (002155) closed at 27.80, up 10.01% with a trading volume of 30,400 shares [1] - Sichuan Gold (001337) closed at 60.78, up 10.01% with a trading volume of 592,700 shares [1] - Zhaojin Mining (000506) closed at 23.57, up 9.99% with a trading volume of 1,324,500 shares [1] - Western Gold (601069) closed at 40.24, up 6.60% with a trading volume of 671,400 shares [1] - Other notable performances include Zhongjin Gold (600489) at 34.28, up 3.88%, and Hengbang Co. (002237) at 19.47, up 2.91% [1] Fund Flow Analysis - The precious metals sector experienced a net outflow of 3.457 billion yuan from institutional investors, while retail investors saw a net inflow of 2.868 billion yuan [3][4] - Hunan Gold had a net inflow of 57.64 million yuan from institutional investors, representing 68.17% of its trading volume [4] - Sichuan Gold faced a net outflow of 335 million yuan from institutional investors, with retail investors contributing a net inflow of 206 million yuan [4] ETF Performance - The Gold ETF (518850) tracking the Shanghai Gold Exchange saw a 5-day increase of 9.13%, with a net subscription of 1.8 billion yuan [6] - The Gold Stock ETF (159562) tracking the CSI Hong Kong and Shanghai Gold Industry Index increased by 12.89% over five days, with a net subscription of 4.1 billion yuan [7] - The Non-ferrous Metals ETF (516650) tracking the CSI Non-ferrous Metals Industry Index increased by 11.00% over five days, with a net subscription of 5.4 billion yuan [8]

黄金股盘初多数调整，湖南白银跌停，曼卡龙、山金国际跌超5%，西部黄金、赤峰黄金、中金岭南纷 纷跟跌。 ...

每经AI快讯，1月27日，湖南白银（002716）公告，公司股票连续两个交易日内(2026年1月23日、1月26 日)日收盘价格涨幅偏离值累计达到20%，根据《深圳证券交易所交易规则》的有关规定，属于股票交 易异常波动情形。经核实，近期公司经营情况正常，内外部经营环境未发生重大变化。公司、控股股东 和实际控制人不存在关于公司的应披露而未披露的重大事项或处于筹划阶段的重大事项。近期国际银价 出现较大涨幅，公司白银产品未来市场价格能否继续上涨或维持高位存在不确定性，敬请投资者注意市 场风险。 ...

证券代码：002716 证券简称：湖南白银 公告编号：2026-013 针对公司股票交易异常波动情况，公司对相关事项进行 了核实，并与控股股东、实际控制人、公司管理层进行了问 询，现就有关情况说明如下： 1.公司前期披露的信息不存在需要补充、更正之处； 2.公司未发现近期公共传媒报道了可能或已经对公司 股票交易价格产生较大影响的未公开重大信息； 3.近期公司经营情况正常，内外部经营环境未发生重大 变化； 4.公司、控股股东和实际控制人不存在关于本公司的应 披露而未披露的重大事项或处于筹划阶段的重大事项； 5.公司控股股东及实际控制人在本公司股票异常波动 湖南白银股份有限公司 股票交易异常波动公告 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假记载、误导 性陈述或重大遗漏。 一、股票交易异常波动的情况说明 湖南白银股份有限公司(以下简称"公司")（证券简称： 湖南白银，证券代码：002716）的股票连续两个交易日内 （2026 年 1 月 23 日、1 月 26 日）日收盘价格涨幅偏离值累 计达到 20％，根据《深圳证券交易所交易规则》的有关规定， 属于股票交易异常波动的情况。 二、公司关注、核 ...

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 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]