【华创汽车】26M2新势力折扣相对稳定，少量车型环比放大 1特斯拉：低折扣+2月放大，近半年折扣0-8k、折扣率0-3.4%，2月Model 3恢复8k保险补贴。 2小鹏：中折扣+2月放大，近半年折扣0-1.7w、折扣率0-6.8%，2月MONA新增5k购置税补贴。 3理想：高折扣+2月不变，近半年折扣0-4.5w、折扣率0-13.3%，2月折扣不变。 4极氪：高折扣+2月放大，近半年折扣0-2.7w、折扣率0-12.9%，2月007 GT新增1w保险补贴。 【华创汽车】26M2新势力折扣相对稳定，少量车型环比放大 1特斯拉：低折扣+2月放大，近半年折扣0-8k、折扣率0-3.4%，2月Model 3恢复8k保险补贴。 2小鹏：中折扣+2月放大，近半年折扣0-1.7w、折扣率0-6.8%，2月MONA新增5k购置税补贴。 3理想：高折扣+2月不变，近半年折扣0-4.5w、折扣率0-13 8智己：中折扣+2月不变，近半年折扣8k-1.5w、折扣率2.7-8.2%，2月折扣不变。 9蔚来：蔚来无固定折扣、乐道无折扣，萤火虫折扣2k、折扣率1.7%，2月折扣不变。 注1：资料来源杰兰路，月度统计时间为上月中旬至本月 ...

Group 1: Banking and Wealth Management - The scale of bank wealth management products has decreased by approximately 815 billion yuan, with 14 major wealth management companies managing a total of 24.59 trillion yuan as of the end of January 2026, marking a decline for the second consecutive month since reaching a peak in November 2025 [1][2] - Despite the decline, there is optimism in the industry as low fixed deposit rates and a large amount of fixed deposits maturing in 2026 may lead to a reallocation of household wealth towards wealth management products [1] - Sales of bank wealth management products surged before the Spring Festival, with some products breaking sales records, indicating a potential recovery in the market [1] Group 2: Private Equity and Investment - The number of domestic private equity firms managing over 10 billion yuan has reached a record high of 122, increasing by 10 from the end of December 2025 [1] - Eight new private equity firms entered the 10 billion yuan club in January 2026, showcasing a growing trend in the private equity sector [1] Group 3: Energy Market - The EIA's short-term energy outlook report predicts that Brent crude oil prices will average $58 per barrel in 2026, up from a previous estimate of $56 per barrel, while WTI crude oil prices are expected to average $53.42 per barrel, an increase from $52.21 per barrel [2] Group 4: Silver Market - The World Silver Association forecasts that the silver market will experience a supply deficit for the sixth consecutive year in 2026, with a projected shortfall of 67 million ounces [3] - Global silver demand is expected to remain stable, driven by robust retail investment, which may offset declines in other key demand areas such as jewelry and industrial use [3] Group 5: IPO Market - The Hong Kong IPO market has been active in 2026, with fundraising exceeding 79 billion HKD, representing a year-on-year increase of over 1220% [3][4] - As of February 10, 2026, 422 companies are queued for IPOs in Hong Kong, with over 100 having submitted applications since the beginning of the year [3] Group 6: Credit Card Industry - In 2025, 65 credit card centers were closed, surpassing the total number of closures from 2020 to 2024, indicating a significant contraction in the credit card industry [4] - The trend of closing credit card centers is spreading from state-owned and joint-stock banks to city commercial banks, reflecting a shift from expansion to competition in the credit card sector [4] Group 7: Corporate Actions - Ningde Times issued its first green technology innovation bond for 2026, raising 5 billion yuan with a coupon rate of 1.70% [6] - Huazhang Technology plans to acquire 100% of Huayi Microelectronics for 29.96 billion yuan, aiming to enhance its packaging and testing business in the semiconductor sector [10]

Group 1 - Major tech stocks in the US saw an upward trend on February 10, with Netflix rising over 3% [1] - Disney's stock increased by nearly 3% [1] - Oracle and Salesforce both experienced gains of over 2% [1] - Microsoft and TSMC saw their stocks rise by nearly 2% [1] - Tesla's stock increased by over 1% [1]

尊敬的投资者，您好！公司高度关注新领域的新应用，如涉及需要披露信息，公司将依法合规予以披 露。感谢您的关注！ 来源：问董秘 投资者提问： 特斯拉昨日证实马斯克选定钙钛矿技术为太空光伏核心，而目前钙钛矿光伏技术均需要聚乙二醇基材料 作为改性与提升效率基础，请问公司董事会是否对此有前瞻性的筹划与安排？ 董秘回答(奥克股份SZ300082)： 查看更多董秘问答>> 免责声明：本信息由新浪财经从公开信息中摘录，不构成任何投资建议；新浪财经不保证数据的准确 性，内容仅供参考。 ...

证券研究报告 | 2026年02月09日 2026年02月10日 制造成长周报（第 46 期） 优于大市 第三代特斯拉人形机器人即将亮相，Spacex 收购人工智能公 司 xAI 重点事件点评&重点关注：商业航天、人形机器人、AI 基建 事件 1-特斯拉第三代人形机器人即将亮相：2026 年 2 月 6 日，据特斯拉官 方微博消息，第三代特斯拉人形机器人即将亮相，预计年产百万台。 事件 2-Spacex 宣布以全股票交易形式收购人工智能公司 xAI：2026 年 2 月 2 日，马斯克旗下的 Spaex（太空探索技术公司）正式宣布，以全股票交 易形式收购其人工智能公司 xAI。 事件 3-亚马逊 2026 年资本支出预计增长至 2000 亿美元：2026 年 2 月 5 日，亚马逊发布财报，表示正积极投资数据中心等基础设施以满足 AI 需求的激增，预计 2026 年投入约 2000 亿美元资本支出，同比增长超过 50%。 商业航天点评：SpaceX 收购人工智能公司 xAI，太空算力发展有望加速协同 发展，太空应用场景的落地将带动火箭发射需求，运力提速发展也将打开更 多应用场景。我们持续看好商业航天的长期投资 ...

大家早上壕！ 先看海外要闻： 重磅就业报告公布前AI担忧重燃，标普纳指回落，但道指三日连创新高；收盘标普500跌0.33%，道指涨0.10%，纳指跌0.59%。 新AI工具引发行业前景忧虑，财富管理类股暴跌，嘉信理财收跌超7%；"科技七巨头"中，特斯拉涨近2%独涨、谷歌跌近2%领跌；存储芯片股大 幅回落，闪迪跌超7%。 纳斯达克金龙中国指数收涨0.87%，九紫新能收涨将近90%，禾赛、再鼎医药涨超6%。 美国零售数据逊色，美债价格加速上涨、收益率降幅扩大，十年期美债收益率创近一个月新低，美元指数盘中跌幅扩大、再创逾一周新低。 今日券商策略前瞻： 方正证券指出，技术面来看，沪指收出一根缩量小阳线，指数在4110点（20日均线）附近获得支撑，但上方4130-4140点区域构成短期压力。目 前指数处于上有压力、下有支撑的箱体震荡区间。成交额近期显示交投活跃度一般，资金观望情绪浓厚。节前资金观望情绪浓厚，春季行情继续 向节后演绎，没有只涨不退的潮水，4100点反复夯实为后续行情打下基础。 今日题材方面： 离岸人民币又创将近三年新高，近三年来首次盘中涨破6.91；比特币盘中跌破6.8万美元、较日高跌近4%。 金银铜和原 ...

Group 1 - BYD has filed a lawsuit against the U.S. government to reclaim tariffs imposed on imported materials, claiming significant costs for its operations in the U.S. [2] - Over 1,000 companies, including major players like Costco and Toyota, have initiated similar lawsuits against the U.S. government regarding tariffs [2]. - NIO's CEO Li Bin emphasized the importance of optimizing the CBU mechanism to maximize efficiency and minimize costs in the company's operations [6]. Group 2 - Ford's global sales fell by approximately 2% to around 4.4 million units, while BYD's sales reached 4.6 million units, marking a significant shift in the automotive market [6]. - BYD aims to increase its export volume to 1.3 million units in 2025, following a successful year of expansion in Europe, South America, and Asia [6]. - NIO plans to implement a "store partner" program to enhance operational efficiency and market responsiveness, allowing store managers greater decision-making power [6]. Group 3 - The European Union has approved Google's acquisition of cybersecurity startup Wiz for $32 billion, marking Google's largest acquisition to date [9]. - Apollo Global Management is nearing a $3.4 billion loan agreement to finance the purchase of NVIDIA chips for Elon Musk's xAI [10]. - Alibaba's DAMO Academy has released an open-source foundational model for embodied intelligence, RynnBrain, enhancing its AI capabilities [10]. Group 4 - The Shanghai government has opened over 5,200 kilometers of autonomous driving test roads, with plans to expand the testing area further [17]. - Toyota and Nissan reported sales increases in China for January, while Honda's sales continued to decline due to delays in new electric vehicle launches [17]. - The launch of the Robotaxi ride-hailing service by Alipay indicates a growing trend towards automated transportation solutions in urban areas [15].

Market Overview - The Dow closed up 0.1%, marking its third consecutive record close, while the NASDAQ composite fell by 0.6% and the S&P 500 decreased by 0.3% [1][2]. Wealth Management Industry - Wealth management stocks, such as Charles Schwab and LPL Financial Holdings, faced significant declines, with Schwab down over 7% and LPL down 8%. This is attributed to a new AI tool that threatens traditional wealth management practices by allowing financial advisors to customize strategies for clients [3][4]. Retail Investor Behavior - According to Schwab's latest STAX report, retail investors are actively buying the dip, with the STAX reaching its highest level since February of the previous year. This indicates a bullish sentiment among more active traders [5][6]. - Microsoft was highlighted as a top stock, experiencing a 9% pullback post-earnings, which led to a net inflow of approximately $1.7 billion from clients seeking opportunities [7][8]. Earnings Reports - Ford's Q4 results showed automotive revenue of $42.4 billion, matching estimates, but adjusted EPS fell short at 13 cents compared to the expected 18 cents. The company reported a net loss of $11.1 billion for the fourth quarter and $8.2 billion for the full year, largely due to losses in the EV sector [24][25]. - Robinhood's Q4 earnings revealed an EPS of 66 cents, with net revenue of $1.28 billion, missing expectations. Transaction-based revenue also fell short, leading to an 8% decline in after-hours trading [27][30]. Future Projections - Ford anticipates adjusted EBIT of $8 to $10 billion by 2026, with expected losses in its Model V EV business unit of $4 to $4.5 billion, not projected to become profitable until 2029 [26]. - Analysts remain optimistic about Robinhood, with over 80% maintaining a buy rating despite recent earnings misses. The company is expected to navigate the current crypto winter better than in previous downturns due to its diversified revenue streams and improved management [31][40].

Market Overview - The Dow Jones reached a new intraday high of 50512.79 points, closing up 52.27 points or 0.10% at 50188.14 points, while the Nasdaq fell 136.20 points or 0.59% to 23102.47 points, and the S&P 500 dropped 23.01 points or 0.33% to 6941.81 points [1] - The latest retail sales report indicated that consumer spending in December remained flat, below economists' expectations of a 0.4% monthly increase, following a 0.6% increase in November [5] Cryptocurrency - Bitcoin fell below $70,000, down over 2% to $68,698, while Ethereum dropped 4.5% to $2,010 [3] Commodities - WTI crude oil prices decreased by 0.6% to $63.96 per barrel, and Brent crude oil fell by 0.4% to $68.80 per barrel [4] Retail Sales - U.S. retail sales unexpectedly stagnated in December, indicating cautious consumer spending as the holiday season concluded, with 8 out of 13 retail categories showing declines [5] Loan Default Rates - The U.S. loan default rate surged to 4.8%, the highest level since 2017, driven by increased defaults among low-income and young borrowers [6] Federal Reserve Insights - Federal Reserve officials expressed cautious optimism regarding current interest rates, indicating no urgent need for rate adjustments while acknowledging persistent inflation risks [7][8] Corporate Developments - Boeing plans to increase the monthly production of its 737 aircraft to 63 units within the next few years, which is crucial for improving its financial situation [11] - Stellantis is seeking to exit its joint battery venture with Samsung in the U.S., amid efforts to reduce electric vehicle investments and preserve cash [12] Stock Ratings - Morgan Stanley maintains a neutral rating on Tesla with a target price of $415 [13] - Deutsche Bank raised Micron Technology's target price from $300 to $500 [14]

Market Overview - The Dow Jones reached an intraday record high of 50,512.79 points, closing up 52.27 points or 0.10% at 50,188.14 points, while the Nasdaq fell 136.20 points or 0.59% to 23,102.47 points, and the S&P 500 dropped 23.01 points or 0.33% to 6,941.81 points [1] - The latest retail sales report indicated that consumer spending in December remained flat, below economists' expectations of a 0.4% monthly increase, following a 0.6% increase in November [5] Cryptocurrency - Bitcoin fell below $70,000, down over 2% to $68,698, while Ethereum dropped 4.5% to $2,010 [3] Commodities - Gold prices decreased by 0.74% to $5,022.97, with a significant correction following a previous surge, while silver was priced at $80.818 per ounce [3] - WTI crude oil prices fell by 0.6% to $63.96 per barrel, and Brent crude oil dropped by 0.4% to $68.80 per barrel [4] Economic Indicators - The U.S. retail sales unexpectedly stagnated in December, indicating cautious consumer spending as the holiday season concluded, with 8 out of 13 retail categories showing declines [5] - The U.S. loan default rate surged to 4.8%, the highest level since 2017, driven by increased defaults among low-income and young borrowers [6] Federal Reserve Insights - Federal Reserve officials expressed cautious optimism regarding current interest rates, with no immediate need for rate adjustments, while acknowledging persistent inflation concerns [7][8] Corporate News - Boeing plans to increase the monthly production of its 737 aircraft to 63 units, which is crucial for improving its financial situation [11] - Stellantis is seeking to exit its joint battery venture with Samsung in the U.S., amid a strategic shift to conserve cash and reduce electric vehicle-related losses [12] - Morgan Stanley maintained a neutral rating on Tesla with a target price of $415 [13]