东兴晨报 P1 经济要闻 | 本期编辑 | | | --- | --- | | 分析师：刘嘉玮 | | | 010-66554043 | liujw_yjs@dxzq.net.cn | | 执业证书编号： | S1480519050001 | 东兴证券研究所金股推荐 | 证券代码 | 证券简称 | | --- | --- | | 002392.SZ | 北京利尔 | | 002991.SZ | 甘源食品 | | 300619.SZ | 金银河 | | 300627.SZ | 华测导航 | | 300666.SZ | 江丰电子 | | 300810.SZ | 中科海讯 | | 603209.SH | 兴通股份 | | 603239.SH | 浙江仙通 | | 688095.SH | 福昕软件 | | 688627.SH | 精智达 | 数据来源：《二月金股汇》 2026 年 02 月 02 日，东兴证券研究所 东 兴 晨 报 东 兴 证 券 股 份 有 限 公 司 敬请参阅报告结尾处的免责声明 东方财智 兴盛之源 2026 年 2 月 27 日星期五 1. 中国人民银行：发布关于银行业金融机构人民币跨境同业融资 ...

Core Insights - The report highlights the performance of various sectors and companies, indicating potential investment opportunities in the market. [2][5] Economic News - The People's Bank of China conducted a 7-day reverse repurchase operation of 320.5 billion yuan at an interest rate of 1.4%, resulting in a net withdrawal of 79.5 billion yuan from the market. [3] - The overnight SHIBOR rate reported at 1.3680%, down by 1 basis point, while the 7-day SHIBOR rate decreased by 4 basis points to 1.4570%. [3] - The Supreme People's Court reported over 27,000 cases related to cross-border fraud, with significant sentences handed down to key criminal groups. [3] - The Ministry of Industry and Information Technology discussed the feasibility of new frequency bands for IMT and future 6G technology at a recent international meeting. [3] - Heilongjiang Province's government report emphasized the reform of state-owned enterprises and support for private sector development. [3] - The establishment of a national quality inspection center for rare earth permanent magnet motors in Liaoning Province aims to enhance quality assurance in high-end manufacturing. [4] Company News - Wens Foodstuff Group announced a share buyback plan of 800 million to 1.2 billion yuan at a maximum price of 24.00 yuan per share. [5] - Jiangxi Tungsten Holdings is planning to issue A-shares to specific investors to enhance its core competitiveness and fund acquisitions totaling up to 1.882 billion yuan. [5] - Huylon New Materials is undergoing a significant change that may affect its control, leading to a temporary suspension of its stock. [5] - Fangzheng Valve reported a revenue of 733 million yuan for 2025, a decrease of 2.98%, with net profit down by 6.34%. [5] - Nanya New Materials achieved a revenue of 5.228 billion yuan, a year-on-year increase of 55.52%, with net profit rising by 378.65% due to market demand recovery. [5] Transportation Industry Insights - In January 2026, domestic airline capacity decreased by approximately 4.3% year-on-year, but increased by 5.8% compared to December 2025, as airlines prepared for the Spring Festival. [7] - The overall passenger load factor for airlines improved by about 1.6 percentage points year-on-year, although it decreased by 0.4 percentage points compared to December. [7] - During the Spring Festival holiday, national civil aviation transported 22.05 million passengers, with a flight completion rate of 95.8%, indicating growth compared to the previous year. [8] - International flight capacity increased by 2.6% year-on-year in January, with a slight improvement in load factors, although some airlines faced challenges due to changes in the Japanese route. [9] - Baiyun Airport reported a significant increase in passenger throughput, while Shanghai Airport experienced a decline, attributed to shifts in travel demand. [10] - The report suggests focusing on large airlines for their earnings elasticity, as the industry moves towards a more balanced supply-demand dynamic. [11]

Core Insights - The report highlights the strategic initiatives of the company to expand its product lines in the refractory materials sector and emerging technologies, particularly through a planned capital increase of up to 1.034 billion RMB for new projects and overseas expansion [6][11]. Company Developments - Changxin Bochuang signed a letter of intent to acquire 93.81% of Shanghai Honghui Light Communication Technology Co., Ltd. for approximately 375 million RMB, aiming to enhance its product line in the optical communication field [5]. - Tongwei Co., Ltd. is planning to acquire 100% of Qinghai Lihua Qingneng Co., Ltd. through a combination of share issuance and cash payment, with the transaction expected to not alter the control of the company [5]. - Yutong Optical received acceptance from the Shenzhen Stock Exchange for its application to issue shares to specific investors, pending further approvals [5]. - Maoyan Entertainment forecasts a revenue of up to 4.7 billion RMB for the fiscal year 2025, representing a growth of approximately 15.1% compared to 2024 [5]. - Conch Cement's major shareholder plans to increase its stake in the company by investing between 700 million and 1.4 billion RMB within six months [5]. Industry Insights - The report emphasizes the resilience of small and medium-sized enterprises (SMEs) in China's industrial economy, with a 6.9% year-on-year increase in value added for SMEs in 2025, outperforming the overall industrial growth rate by 1.0 percentage points [2]. - The construction of a new production line for zirconia and zircon-based materials is expected to yield a post-tax internal rate of return of 29.35% and a payback period of 4.89 years, indicating strong potential for profitability [7][8]. - The establishment of a production base in Vietnam is part of the company's strategy to enhance its overseas operations, targeting the growing demand in Southeast Asia, particularly in Vietnam [9].

Core Insights - The report highlights the structural expansion of the rubidium and cesium market driven by the increasing penetration of perovskite solar cells and the development of space photovoltaics [7][12][13] Industry Overview - Perovskite solar cells (PSCs) are identified as a new type of solar cell with advantages such as low cost, high efficiency, lightweight, and flexibility compared to traditional silicon cells [7] - The report predicts that the penetration rate of perovskite solar cells in the photovoltaic market will rise significantly, from 1.3% in 2025 to 30% by 2030, driven by their cost-effectiveness and efficiency [9][12] Market Dynamics - The demand for rubidium and cesium is expected to grow substantially, with a projected CAGR of 115% from 2025 to 2030, as the perovskite battery market expands [12][16] - The report estimates that global demand for rubidium will increase from 37 tons in 2025 to 1696 tons by 2030, correlating with the anticipated growth in perovskite solar cell production [12][16] Technological Advancements - The stability of perovskite solar cells is a key challenge, but the addition of rubidium and cesium is expected to enhance their performance and longevity [8] - Flexible perovskite solar cells are anticipated to find applications in various fields, including building-integrated photovoltaics (BIPV), wearable devices, and automotive power generation [10][11] Future Outlook - The report suggests that the period from 2026 to 2027 will be crucial for the industrialization and validation of perovskite solar cells, with significant advancements expected in their application in space photovoltaics [13][14] - The integration of perovskite solar cells in space applications is projected to drive demand for rubidium significantly, with estimates indicating a potential need for 220 tons by 2030 due to space solar power initiatives [15][16]

Group 1 - The core point of the article highlights a significant block trade involving Jin Yinhe (300619) on February 9, 2026, with a transaction price of 43.93 yuan, representing a 15.27% discount compared to the closing price on that day [1] - The total volume of the transaction was 1.8259 million shares, amounting to 80.2129 million yuan [1] - The company clarified on February 13 that this transaction did not involve any major shareholders or executives holding more than 5%, which may alleviate some market concerns regarding liquidity and shareholder behavior [1] Group 2 - Over the past seven trading days (February 6 to February 13, 2026), Jin Yinhe's stock price exhibited significant volatility, with a notable drop of 9.01% on February 10, closing at 47.18 yuan [2] - A slight rebound of 0.25% was observed on February 12, with a closing price of 47.81 yuan, while the latest closing price on February 13 was 47.26 yuan, reflecting a decline of 1.15% for that day and a cumulative drop of 7.48% over five days [2] - In terms of capital flow, there was a net inflow of 6.0718 million yuan on February 12, but a total net outflow of 89.5347 million yuan over the past five days indicates short-term pressure on liquidity [2] - The current stock price is near the lower band of the 20-day Bollinger Bands, with a support level around 42.8 yuan, suggesting a weak technical outlook [2]

Group 1 - The company has achieved industry standard levels for its rubidium cesium salt products [2] - As of now, the subsidiary Jinde Lithium has sold rubidium cesium salt products to multiple customers [2] - The release of production capacity will be orderly based on product sales and other factors [2]

Group 1 - The core viewpoint of the article is that the company Jin Yinhe (300619.SZ) has clarified that the products derived from lithium mica extraction are high-purity rubidium and cesium salts, including both rubidium and cesium salts [1][3]. Group 2 - An investor inquired about the specific types of rubidium and cesium salts produced, asking whether they include rubidium salts (such as rubidium chloride or rubidium carbonate) or cesium salts (such as cesium chloride, cesium carbonate, or cesium nitrate) [3]. - The investor also questioned whether the products are sold after purification and what their purity levels are, specifically if they are industrial-grade or high-purity grade [3].

Group 1 - The core viewpoint of the news is that Jin Yinhe's stock has shown a mixed performance in recent trading sessions, with a year-to-date increase of 9.64% but a recent decline of 3.78% over the last five trading days [2] - As of February 11, Jin Yinhe's stock price was 48.13 CNY per share, with a market capitalization of 8.375 billion CNY and a trading volume of 164 million CNY [1] - The company has seen a net inflow of 5.586 million CNY from major funds, with significant buying activity from large orders [1] Group 2 - Jin Yinhe's main business involves high-end equipment manufacturing, with revenue contributions from lithium battery production equipment (50.40%), organic silicon products (20.32%), and other segments [2] - For the period from January to September 2025, Jin Yinhe reported a revenue of 1.371 billion CNY, representing a year-on-year growth of 7.33%, and a net profit of 11.8175 million CNY, which is a significant increase of 220.37% [2] - The company has distributed a total of 63.9439 million CNY in dividends since its A-share listing, with 35.2304 million CNY distributed over the past three years [3]

Group 1 - The company, Jin Yinhe Intelligent Equipment Co., Ltd., announced the release of share pledges by its major shareholder, Mr. Zhang Qifa, involving 3.224 million shares [1] - As of the announcement date, Mr. Zhang has a total of approximately 12.56 million shares pledged, which accounts for 34.29% of his total holdings [1]

证券代码：300619 证券简称：金银河 公告编号：2026-002 佛山市金银河智能装备股份有限公司 关于持股 5%以上股东股份解除质押的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有 虚假记载、误导性陈述或重大遗漏。 佛山市金银河智能装备股份有限公司（以下简称"公司"）于近日接到公司 持股 5%以上股东张启发先生有关办理股份解除质押的通知，具体情况如下： | | 是否为控股 股东或第一 | 本次解除质押 | 占其所持股 | 占公司总 | 起始日 | 解除日期 | 质权人 | | --- | --- | --- | --- | --- | --- | --- | --- | | 股东名称 | 大股东及其 | 股数（股） | 份比例 | 股本比例 | | | | | | 一致行动人 | | | | | | | | 张启发 | 是 | 3,224,000 | 8.80% | 1.85% | 2024.6.7 | 2026.2.5 | 国联民生证券股 份有限公司 | 注：本次解除质押股份部分为高管锁定限售流通股。 （二）股东股份累计质押基本情况 截至本公告披露日，上述股东所持质押股份情况如下 ...