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！ 智通财经8月5日讯（记者 高艳云）近期，沪指在3600点关口附近持续震荡，市场情绪有所波动。包括 招商证券、中信证券、中信建投、银河证券等在内的多家头部券商陆续发布研报，表达对市场中长期向 好的坚定信心。 中信证券官方微信公众号直言"坐稳扶好"，同时发文指出"牛市，也会换挡""3600点以上，波动加大"。 撰文用语还颇为"鸡汤"，道理与逻辑十足，比如"记住，对于大部分普通人来说，要掌握的不是牛市赚 钱的技能，而是终其一生、穿越各种周期性波动的、财富稳健增长的能力。"值得注意的是，该文又是 一篇"10万+"，且转发过万。 中信建投资深策略分析师夏凡捷直言，全球货币宽松和A股资金面充裕的环境不变，投资者的牛市预期 不变，新赛道的结构性景气不变。阶段性震荡整固，有利于A股慢牛行情行稳致远。 银河证券首席策略分析师杨超称，市场交投活跃度整体仍处于较高水平，预计市场维持在震荡偏高中枢 运行，关注结构性机会。中长期来看，市场向好趋势不改。 华泰证券分析师何康认为，目前赚钱效应已回调至7月中旬位置，市场抛压相对可控，短期A股或进入 波动率放大的平台期 ...

两市全天特大单净流出25.96亿元，其中26股特大单净流入超2亿元，张江高科特大单净流入6.44亿元， 特大单净流入资金居首。 特大单净流入资金排名 | 代码 | 简称 | 收盘价（元） | 涨跌幅（%） | 特大单净流入（亿元） | 行业 | | --- | --- | --- | --- | --- | --- | | 600895 | 张江高科 | 34.17 | 6.28 | 6.44 | 房地产 | | 002017 | 东信和平 | 27.16 | 10.00 | 5.77 | 通信 | | 002173 | 创新医疗 | 16.23 | 10.03 | 4.81 | 医药生物 | | 300308 | 中际旭创 | 210.92 | 1.20 | 4.24 | 通信 | | 600698 | 湖南天雁 | 11.89 | 9.99 | 3.80 | 汽车 | | 600519 | 贵州茅台 | 1427.74 | 0.62 | 3.47 | 食品饮料 | | 600255 | 鑫科材料 | 3.89 | 8.06 | 3.41 | 有色金属 | | 300059 | 东方财富 | 23.63 | ...

| 代码 | 简称 | 今日涨跌幅（%） | 今日换手率（%） | 主力资金流量（万元） | | --- | --- | --- | --- | --- | | 601318 | 中国平安 | 1.60 | 0.45 | 43652.85 | | 300059 | 东方财富 | 1.20 | 2.08 | 22056.90 | | 600958 | 东方证券 | 2.70 | 1.62 | 15352.74 | | 601059 | 信达证券 | 6.01 | 15.93 | 14707.69 | | 601601 | 中国太保 | 1.16 | 0.31 | 14547.63 | | 601198 | 东兴证券 | 2.96 | 2.30 | 9534.49 | | 601881 | 中国银河 | 2.52 | 0.91 | 8875.54 | | 601319 | 中国人保 | 2.56 | 0.24 | 8474.21 | | 002673 | 西部证券 | 0.95 | 2.01 | 7832.26 | | 601696 | 中银证券 | 1.10 | 7.38 | 7738.93 | | 60121 ...

Core Insights - The main contract for soda ash (contract 2509) closed at a price increase of 2.01% as of August 5, with a trading volume of 993,600 lots and a net short position among the top 20 positions of 109,594 lots [1][3]. Trading Volume and Positions - Total trading volume for all soda ash contracts reached 2,509,000 lots, with an increase of 58,500 lots compared to the previous day [1]. - Among the top 20 positions, long positions totaled 1,098,100 lots, a decrease of 61,200 lots from the previous day, while short positions totaled 1,400,800 lots, a decrease of 45,600 lots [1]. Major Players - The top three long positions were held by Guotai Junan (total position 105,247), CITIC Futures (total position 83,012), and Dongzheng Futures (total position 69,631) [1]. - The top three short positions were held by Guotai Junan (total position 191,270), CITIC Futures (total position 178,585), and Yong'an Futures (total position 178,125) [1]. Changes in Positions - The top two long position increases were from Zheshang Futures (holding 10,995, increase of 2,285) and Yong'an Futures (holding 19,138, increase of 1,700) [1]. - The top three long position decreases were from Dongzheng Futures (holding 26,779, decrease of 11,134), Guotai Junan (holding 51,087, decrease of 9,304), and Guangfa Futures (holding 17,311, decrease of 8,281) [1]. - The top three short position increases were from Dongzheng Futures (holding 51,092, increase of 1,111), Guotou Futures (holding 10,925, increase of 991), and CITIC Jiantou (holding 11,792, increase of 717) [1]. - The top three short position decreases were from Guotai Junan (holding 97,325, decrease of 22,495), Yong'an Futures (holding 73,093, decrease of 10,406), and Guangfa Futures (holding 10,463, decrease of 6,574) [1].

除了新浪财经APP，市场上还有几款表现突出的炒股工具，各自拥有独特的优势。同花顺以其 "行情 快、数据全" 著称，支持多市场实时行情，集成了智能选股、模拟交易等工具，特别适合技术派投资 者。 东方财富则以其全面的金融数据和活跃的社区生态吸引了大量用户。其"股吧"社区为投资者提供了分享 策略、追踪热点的平台，是新手投资者的不错选择。 在选择炒股APP时，投资者应根据自身的投资策略和需求进行选择。新浪财经APP凭借其全面的市场覆 盖、高效的信息处理和人性化的社区功能，适合大多数投资者，尤其是那些希望在一个平台上完成多种 投资操作的用户。对于技术分析爱好者，同花顺可能更合适；而喜欢交流分享的投资者则会偏爱东方财 富。 8月5日消息，指数午后集体走强，沪指收涨近1%。板块方面，PEEK材料概念大涨，新瀚新材午后 20cm涨停；消费电子板块持续强势，朗特智能、易德龙、福日电子涨停；汽车产业链集体走强，汽车 零部件方向领涨，申达股份、中马传动等多股涨停；下跌方面，医药板块全天调整，奇正藏药领跌；软 件开发板块走弱，大恒科技跌幅居前；影视院线板块持续回调，幸福蓝海、上海电影领跌。总体来看， 个股涨多跌少，上涨个股超3800 ...

Core Viewpoint - The securities sector is experiencing positive momentum, with significant increases in stock prices and trading volumes, indicating strong investor interest and potential growth opportunities in the market [1][3][6]. Group 1: Market Performance - The CSI All Share Securities Company Index rose by 0.38% as of August 5, 2025, with notable increases in individual stocks such as Xinda Securities (up 5.59%) and Dongxing Securities (up 2.60%) [1]. - The securities ETF managed by Harvest (562870) also saw a rise of 0.40%, reflecting overall positive sentiment in the sector [1]. Group 2: Trading Activity - The securities ETF by Harvest recorded a turnover rate of 1.55% and a transaction volume of 5.3764 million yuan, with an average daily trading volume of 38.984 million yuan over the past year [3]. - In the past week, the ETF's scale increased by 83.6478 million yuan, marking the highest growth among comparable funds, and its shares grew by 94 million [3]. Group 3: Fund Inflows - Over the last five trading days, the Harvest securities ETF experienced net inflows on four occasions, totaling 111 million yuan, indicating strong investor confidence [3]. Group 4: Sector Composition - As of July 31, 2025, the top ten weighted stocks in the CSI All Share Securities Company Index accounted for 60.37% of the index, with companies like Dongfang Wealth and CITIC Securities leading the list [3][4]. Group 5: Earnings Forecast - As of August 1, 2025, 27 listed securities firms had released their semi-annual earnings forecasts, with 24 firms expected to be profitable, including 23 firms projecting earnings growth [6]. - The brokerage and margin trading businesses are benefiting from favorable policies, leading to increased market transactions, while the investment banking sector is seeing a recovery in IPOs and refinancing activities [6][7]. Group 6: Investment Opportunities - The positive earnings forecasts, combined with ongoing capital market reforms and expectations of liquidity easing, suggest that there are significant investment opportunities in the brokerage sector for the second half of the year [7].

Core Viewpoint - The company has established a complete aluminum product industry chain and is one of the world's leading aluminum manufacturers, with a focus on vertical integration and sustainability [2][3]. Group 1: Industry Chain and Capacity - The company has built a complete closed-loop industry chain from bauxite mining to aluminum deep processing, including recycling and automotive components [2]. - The company currently has an electrolytic aluminum production capacity of 6.459 million tons, ranking second in China, and an alumina production capacity of 21 million tons [2][3]. - The company is implementing a "north aluminum south move" strategy to align with green trends, with plans to relocate electrolytic aluminum capacity from Shandong to Yunnan, expecting capacities of 3.451 million tons and 3.008 million tons respectively by 2027 [3]. Group 2: Cost and Supply Chain Management - The company has a self-sufficient power supply rate of approximately 50% due to its self-built thermal power plants, which helps in cost savings [3]. - The alumina required for production in Shandong is mainly self-produced, while the Yunnan region sources alumina externally [3]. - The company has established stable supply channels for bauxite from Guinea, Australia, and Indonesia, ensuring a steady supply of raw materials [3][4]. Group 3: Financial Performance and Dividends - The company is expected to achieve net profits of 22.64 billion, 24.21 billion, and 25.39 billion yuan from 2025 to 2027, with corresponding EPS of 2.44, 2.61, and 2.73 yuan [5]. - The company has a high dividend yield, projected at 6.7%, 10%, and 13.6% for 2022 to 2024, indicating a strong commitment to returning value to shareholders [5]. Group 4: Technological Advancements and Sustainability - The company has advanced aluminum deep processing technology and is actively developing recycled aluminum and circular economy projects [7]. - The company completed a 20,000-ton waste aluminum recycling project in 2023, aiming to become a competitive player in the green aluminum packaging industry [7].

Group 1 - The company has a complete aluminum product supply chain and is one of the world's leading aluminum manufacturers [1] - The company aims to become a world-leading century-old manufacturing enterprise with a focus on high dividend returns, similar to Shenhua [1] - The company has a projected net profit of 22.64 billion, 24.21 billion, and 25.39 billion CNY for 2025-2027, with corresponding EPS of 2.44, 2.61, and 2.73 CNY [1] Group 2 - The company has maintained an electrolytic aluminum production capacity of 6.459 million tons since 2017, with a strategic shift of production from Shandong to Yunnan [2] - The company’s electrolytic aluminum production is primarily based on large anode prebaked electrolytic cells with a current intensity of over 400KA, which helps reduce casting costs [2] - The company has a self-sufficient power supply rate of approximately 50% due to its self-built thermal power plants [2] Group 3 - The company has an abundant alumina production capacity of 21 million tons, with significant contributions from both domestic and overseas projects [3] - The company’s Indonesian alumina project is the first large-scale alumina smelting plant built by a Chinese enterprise overseas [3] - The company established the "Winning Alliance" in 2015 to secure stable upstream bauxite supply, achieving a bauxite production of 44.188 million tons in 2023 [3] Group 4 - The company has advanced aluminum deep processing technology and is actively developing recycled aluminum and circular economy projects [4] - The company has an aluminum processing capacity of 1.5665 million tons, with significant breakthroughs in high-end aluminum materials [4] - The company completed a 200,000-ton waste aluminum recycling project in 2023, aiming to become a competitive player in the green aluminum packaging industry [4]

Group 1 - The ChiNext Index opened high but experienced fluctuations and a decline on August 5, with the Tianhong ChiNext ETF (159977) down by 0.33% [1] - Among the constituent stocks, Watson Bio rose over 4%, with other stocks like Jingjia Micro, Guanghong Technology, Huace Navigation, and Lens Technology also seeing gains [1] - As of August 5, the Tianhong ChiNext ETF (159977) had a circulating scale exceeding 8.3 billion yuan, ranking among the top three in similar products [1] Group 2 - According to the Economic Reference Daily, brokerages have released optimistic strategies for August, viewing the market's recent pullback as a temporary adjustment influenced by policy support, improved corporate earnings, and new capital inflows [2] - Huatai Securities noted that the current market's profit effect has returned to mid-July levels, suggesting that the A-share market may enter a period of increased volatility with active local hotspots [2] - Everbright Securities highlighted that the recent positive news in innovative drugs has led to a surge in pharmaceutical stocks, driving the ChiNext Index higher, and expects a continuation of a structural market trend [2]

从推荐机构数量来看，东方财富成为8月最热门标的，受到了国信证券、招商证券等7家机构的 青睐。推荐机构普遍认为，市场短期风险偏好回升有望延续，叠加市场活跃度抬升，利好东方 财富经纪、信用、代销业务业绩增长。此外，AI"妙想"大模型在B端和C端已有商业化落地， AI+金融战略深化有望驱动公司业绩的长期增长。 洛阳钼业、牧原股份、东鹏饮料在本月均获得5家券商重点关注。其中，洛阳钼业获得了中原证 券、华源证券、国联民生证券、国投证券、东北证券等机构的推荐，券商推荐逻辑为受益于降 息周期叠加基本面支撑较强，铜价中枢有望继续上移；牧原股份受到券商推荐的逻辑在于作为 养殖龙头企业，公司有望在猪价回升的背景下实现较好利润。 此外，万华化学、沪电股份、大金重工分别获得了4家券商的青睐，中际旭创、中国化学、科锐 国际、新华保险、华友钴业、中芯国际等获得了3家券商推荐。从行业分布来看，8月券商金股 主要集中在信息技术、材料、工业、可选消费、医疗保健等领域。 | | THE THE THE PART CARD | | | --- | --- | --- | | 证券简称 | Wind-级行业 | 推荐机构 | | 东方财富 | 金融 ...