证券时报·数据宝统计显示，指南针今日收盘价为128.80元，下跌0.50%，日换手率为2.71%，成交额为 21.06亿元，全天主力资金净流出1394.63万元，近5日该股累计下跌9.29%，近5日资金合计净流出13.17 亿元。 指南针1月21日大宗交易平台共发生2笔成交，合计成交量12.80万股，成交金额1408.00万元。成交价格 均为110.00元，相对今日收盘价折价14.60%。 进一步统计，近3个月内该股累计发生10笔大宗交易，合计成交金额为1.35亿元。 两融数据显示，该股最新融资余额为46.16亿元，近5日减少6107.93万元，降幅为1.31%。（数据宝） 1月21日指南针大宗交易一览 | 成交量 | 成交金额 | 成交价 | 相对当日收盘 | | | | --- | --- | --- | --- | --- | --- | | （万 | （万元） | 格 | 折溢价（%） | 买方营业部 | 卖方营业部 | | 股） | | （元） | | | | | 8.20 | 902.00 | 110.00 | -14.60 | 光大证券股份有限公司上海徐 | 申万宏源证券有限 | | | | | ...

| 交易日期 | 证券代码 | 证券简称 | 成交价格 | 成交量 | 成交金额 | 买方营业部 | 卖方营业部 | | --- | --- | --- | --- | --- | --- | --- | --- | | | | | (元) | (万股/万份) | (万元) | | | | 2026-01-21 | 300803 | 指南针 | 110.00 | 8.20 | 902.00 | 光大证券股份有限 | 申万宏源证券有限 | | | | | | | | 公司上海徐汇区东 | 公司安徽分公司 | | | | | | | | 安路证券营业部 | | | 2026-01-21 | 300803 | 指南针 | 110.00 | 4.60 | 506.00 | 光大证券股份有限 | 申万宏源证券有限 | | | | | | | | 公司上海徐汇区东 | 公司安徽分公司 | | | | | | | | 安路证券型业部 | | 1月21日，指南针大宗交易成交12.8万股，成交额1408万元，占当日总成交额的0.66%，成交价110元， 较市场收盘价128.8元折价14.6%。 ...

Core Viewpoint - The article highlights significant stock price increases for various companies, with several reaching their daily limit up, indicating strong market performance and investor interest in the technology sector [2]. Group 1: Stock Performance - Zhishang Technology (致尚科技) saw a remarkable increase of 18.85%, with a total amount of 12.05 billion and a market capitalization of 208.0 billion [1]. - Robot Technology (罗博特科) experienced a rise of 13.76%, with a total amount of 36.16 billion and a market cap of 556.8 billion [1]. - Liante Technology (联特科技) increased by 12.79%, with a total amount of 22.10 billion and a market cap of 268.617 billion [1]. - Kexiang Co., Ltd. (科翔股份) rose by 12.71%, with a total amount of 15.44 billion and a market cap of 101.8 billion [1]. - SIRUI Technology (思瑞浦) increased by 11.16%, with a total amount of 14.16 billion and a market cap of 271.5 billion [1]. - Huatian Technology (华天科技) and Woge Optoelectronics (沃格光电) both saw increases of 10.01% and 10.00%, respectively, with Huatian having a total amount of 46.41 billion and a market cap of 462.1 billion, while Woge had a total amount of 7.07 billion and a market cap of 87.98 billion [1]. - Tongfu Microelectronics (通富微电) also increased by 10.00%, with a total amount of 75.34 billion and a market cap of 851.5 billion [1]. - Other companies like Guanghe Technology (广合科技) and Kecuan Technology (可川科技) also showed significant gains, with increases of 10.00% and 9.99%, respectively [1][2]. Group 2: Market Trends - The overall trend indicates a bullish sentiment in the technology sector, with multiple stocks hitting their daily limit up, reflecting strong investor confidence and market dynamics [2]. - The performance of these companies suggests a growing interest in technology stocks, particularly in the context of recent market developments [2].

指南针1月19日大宗交易平台出现一笔成交，成交量1.53万股，成交金额202.40万元，大宗交易成交价为 132.29元。该笔交易的买方营业部为机构专用，卖方营业部为中信证券股份有限公司上海分公司。 进一步统计，近3个月内该股累计发生8笔大宗交易，合计成交金额为1.21亿元。 证券时报•数据宝统计显示，指南针今日收盘价为132.29元，下跌2.01%，日换手率为4.27%，成交额为 33.65亿元，全天主力资金净流出2.01亿元，近5日该股累计下跌10.52%，近5日资金合计净流出20.69亿 元。 两融数据显示，该股最新融资余额为46.69亿元，近5日减少4.27亿元，降幅为8.38%。（数据宝） 1月19日指南针大宗交易一览 | 成交量 | 成交金额 | 成交价格 | 相对当日 | | | | --- | --- | --- | --- | --- | --- | | （万股） | （万元） | （元） | 收盘折溢价 （%） | 买方营业部 | 卖方营业部 | | 1.53 | 202.40 | 132.29 | 0.00 | 机构专用 | 中信证券股份有限公司上海分公司 | 注：本文系新闻报道，不构成 ...

进一步统计，近3个月内该股累计发生8笔大宗交易，合计成交金额为1.21亿元。该股近5个交易日累计 下跌10.52%，主力资金合计净流出18.12亿元。 责任编辑：小浪快报 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！ 1月19日，指南针收跌2.01%，收盘价为132.29元，发生1笔大宗交易，合计成交量1.53万股，成交金额 202.4万元。 第1笔成交价格为132.29元，成交1.53万股，成交金额202.40万元，溢价率为0.00%，买方营业部为机构 专用，卖方营业部为中信证券股份有限公司上海分公司。 ...

Investment Rating - The industry rating is "Recommended" [5] Core Insights - The adjustment of the financing margin ratio from 80% to 100% aims to cool down excessive leverage and maintain market stability. This change will take effect on January 19, 2026, and applies only to new financing contracts [3][4][15][7] - As of January 14, 2026, the total market financing balance reached a historical high of 2.68 trillion yuan, with the margin balance accounting for 2.59% of the A-share market capitalization, indicating an increase from the average level of 2.40% in 2025 [4][15] - The non-bank financial sector index fell by 2.63%, underperforming the CSI 300 index by 2.06 percentage points, ranking 26th among all primary industries. The securities sector decreased by 2.21%, while the financial technology sector increased by 1.34% [2][13] Summary by Sections Market and Sector Performance - The average daily trading volume of A-shares for the week of January 11-17, 2026, was 34.651 billion yuan, a 21.5% increase week-on-week and a 189.4% increase year-on-year. The average trading volume for the first quarter of 2026 is 31.585 billion yuan, up 107.7% from the same period in 2025 [19] - In the same week, three new stocks were issued, raising 2.025 billion yuan, while two new stocks were listed, raising 1.484 billion yuan. Year-to-date, three A-share IPOs have raised 3.039 billion yuan [19] Financing Margin Ratio Adjustment - The financing margin ratio adjustment is a regulatory measure to prevent systemic risks and protect investors' rights. The increase in the minimum margin requirement is intended to curb market overheating and ensure a smooth market transition [4][7][15] Regulatory Developments - The National Financial Supervision Administration held a regulatory work meeting on January 15, 2026, outlining five key tasks for the year, including risk resolution for small and medium-sized financial institutions and enhancing regulatory quality. The focus for 2026 is on preventing systemic risks and ensuring high-quality industry development [8][16][17]

资产负债表 编制单位：麦高证券有限责任公司 单位：人民币元 法定代表人： 宋成 主管会计工作负责人： 宋成 会计机构负责人： 李斌 1 资 产 2025年12月31日 2025年1月1日 负债和所有者权益 2025年12月31日 2025年1月1日 资产： 负债： 货币资金 9,098,868,878.43 5,934,765,600.97 短期借款 其中：客户存款 8,858,898,473.67 5,810,202,590.38 应付短期融资款 结算备付金 1,160,318,947.06 745,548,778.99 拆入资金 270,046,041.66 其中：客户备付金 1,064,351,302.42 722,502,997.91 交易性金融负债 拆出资金 衍生金融负债 融出资金 卖出回购金融资产款 衍生金融资产 代理买卖证券款 10,115,456,014.38 6,623,633,021.75 买入返售金融资产 126,012,887.39 代理承销证券款 存出保证金 2,504,047.50 1,169,569.63 应付职工薪酬 75,620,791.80 54,036,532.67 应收 ...

根据中国外汇交易中心暨全国银行间同业拆借中心《关于同业拆借市场成员 披露 2025 年度未经审计财务报表的通知》（中汇交发〔2025〕484 号）的规定， 北京指南针科技发展股份有限公司的全资子公司麦高证券有限责任公司（以下简 称"麦高证券"）2025 年度未经审计非合并资产负债表、利润表和净资本计算表， 将在中国货币网（https://www.chinamoney.com.cn）披露。 北京指南针科技发展股份有限公司关于 全资子公司麦高证券有限责任公司披露 2025 年度 未经审计非合并财务报表的提示性公告 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。 证券代码：300803 证券简称：指南针 公告编号：2026-001 特此公告。 北京指南针科技发展股份有限公司 董事会 2026 年 1 月 16 日 麦高证券 2025 年度未经审计非合并资产负债表、利润表和净资本计算表， 将随本公告同时在深圳证券交易所网站和巨潮资讯网（http://www.cninfo.com.cn） 披露。 麦高证券本次披露的 2025 年度非合并资产负债表、利润表和净资本计算表 ...

Market Overview - The Shanghai Composite Index fell by 0.33% on January 15, with 11 sectors rising, led by the electronics and basic chemicals sectors, which increased by 1.67% and 1.40% respectively. The sectors with the largest declines were comprehensive and defense industries, down by 3.35% and 2.80% respectively. The computer industry dropped by 2.40% [1] Fund Flow Analysis - The main funds in the two markets experienced a net outflow of 62.864 billion yuan, with six sectors seeing net inflows. The electronics sector led with a net inflow of 12.083 billion yuan, while the non-ferrous metals sector saw a 1.37% increase and a net inflow of 1.936 billion yuan [1] - A total of 25 sectors experienced net outflows, with the computer industry leading at a net outflow of 18.556 billion yuan, followed by the media sector with a net outflow of 10.642 billion yuan. Other sectors with significant outflows included defense, pharmaceuticals, and non-bank financials [1] Computer Industry Performance - The computer industry saw a decline of 2.40%, with a total of 336 stocks in the sector. Out of these, 56 stocks rose, including 2 that hit the daily limit, while 277 stocks fell, with 9 hitting the daily limit. There were 69 stocks with net inflows, with 13 stocks having inflows exceeding 50 million yuan. The top stock for net inflow was Huasheng Tiancheng, with an inflow of 594 million yuan, followed by Guanglian Da and Aerospace Information with inflows of 467 million yuan and 102 million yuan respectively [2] - The outflow list for the computer industry included 54 stocks with outflows exceeding 100 million yuan. The top three stocks for net outflow were Yanshan Technology, Weining Health, and Guiding Compass, with outflows of 1.784 billion yuan, 832 million yuan, and 774 million yuan respectively [3]

Core Viewpoint - Jiulian Technology holds a 42.8546% stake in Baoji Guoan Jingjin Equity Investment Partnership, which invested in 21st Century Space Technology Application Co., Ltd. in 2016, currently owning 1.4982% of Century Space [1] Group 1 - Jiulian Technology's investment in Baoji Guoan Jingjin Equity Investment Partnership is significant, indicating a strong commitment to the space technology sector [1] - The partnership has a strategic investment in Century Space, which is recognized as China's first national high-tech enterprise to independently own and operate commercial remote sensing satellite systems in collaboration with internationally leading satellite system development organizations [1]