以下文章来源于秦朔朋友圈 ，作者屠波 秦朔朋友圈 . 秦朔朋友圈是由中国著名媒体人、财经观察家秦朔牵头创立的一个新媒体与专业服务品牌，包括微信公 众号、微博、视频节目、音频节目等。内容聚焦于经济、金融和商业领域，关注重点为全球和中国财经 商业热点、企业家精神、创新与发明创造、商业文明探索等。 来源丨秦朔朋友圈（ID： qspyq2015 ） 作者丨 屠波 图源丨Midjourney 作为电网升级的" 心脏部件"，变压器在美国本土产能严重不足，80%依赖进口。而且数据中心的变 压器大多需要定制化，交货周期更是从50周延长至127周。咨询公司伍德麦肯兹警告，美国变压器市 场已到危急关头，在建中的数据中心延期已成定局。 同一时刻，被称为 "世界变压器之都"的常州，这里的数字化车间正热火朝天，与时间赛跑。为海外 电网客户制造的同等级变压器，在定制的硅钢片制成主体上，需要进行严苛的72小时满负荷试验。温 度、振动、局部放电量，所有指标都是绿色，方能放行。 厂区外，是整装待发的重型卡车，它们的目的地是沙特吉达、德国汉堡、印尼雅加达、智利安托法加 斯塔。这些钢铁巨兽将在未来数月内，成为不同大陆电网的新心脏。 全球性的变压器 ...

Core Insights - A-shares opened lower but rebounded, with the space photovoltaic and ultra-high voltage sectors leading the gains, driven by significant capital inflows into related ETFs [1] Group 1: Market Performance - The electric grid equipment ETF rose by 1.33%, with a net subscription of 58 million units during the session [1] - The photovoltaic ETF from Huaxia increased by 0.1%, following a net inflow of over 4 million from the previous day [1] Group 2: Investment Trends - Over 12.5 billion yuan has flowed into the electric grid equipment ETF since the beginning of the year, supported by three main factors: the surge in AI-driven electricity demand, a global upgrade of power grids, and a 4 trillion yuan investment plan by the State Grid [1] - The demand for electricity is expected to rise significantly due to AI, with an estimated 18 GW required for new GPU computing power by 2025, equivalent to the annual output of 15 nuclear power plants [1] - A global upgrade of power grids is anticipated, with the U.S. power supply gap projected to widen to 182 GW by 2030, prompting equipment manufacturers to expand internationally [1] - Domestic investments in the power grid are accelerating, with the State Grid's fixed asset investment expected to reach 4 trillion yuan during the 14th Five-Year Plan, a 40% increase from the previous plan [1] Group 3: Industry Developments - SpaceX's acquisition of xAI aims to create a space-ground-computing ecosystem, indicating significant cross-industry advantages for domestic photovoltaic leaders, with space photovoltaic expected to emerge as a new business model [1] - The photovoltaic industry is set to focus on "anti-involution" strategies by 2026, as indicated in a recent meeting [1] Group 4: ETF Composition - The electric grid equipment ETF (159326) has a high weight of 66.28% in ultra-high voltage, 55% in smart grid, and 14% in controllable nuclear fusion, featuring leading companies like Guodian NARI, TBEA, and Siyuan Electric [2] - The Huaxia photovoltaic ETF (515370) includes major players such as TBEA, LONGi Green Energy, and Sungrow Power, covering high-purity photovoltaic industries [2]

Market Overview - The A-share market experienced a collective decline, with the Shanghai Composite Index falling by 0.64% to 4,075.92 points, the Shenzhen Component Index dropping by 1.44% to 13,592.71 points, and the ChiNext Index decreasing by 1.55% to 3,260.28 points. The total trading volume in the Shanghai and Shenzhen markets was approximately 2.19 trillion yuan [6][11] - In the Asia-Pacific market, the Hang Seng Index rose by 0.14% to 26,885.24 points, while the Nikkei 225 Index fell by 0.88% to 53,818.04 points. The KOSPI Index in South Korea decreased by 3.86% to 5,163.57 points [11] - European markets saw declines, with the FTSE 100 down by 0.9% to 10,309.22 points, the DAX 30 down by 0.93% to 24,373.06 points, and the CAC 40 down by 0.29% to 8,238.17 points [11] - In the US market, the Dow Jones Industrial Average fell by 1.2% to 48,908.72 points, the Nasdaq dropped by 1.59% to 22,540.59 points, and the S&P 500 decreased by 1.23% to 6,798.4 points [11] International News - The Iranian Foreign Minister, Amir-Abdollahian, arrived in Oman to attend nuclear negotiations with the US delegation, focusing solely on nuclear issues [10] - The European Central Bank maintained its benchmark interest rate, marking the fifth consecutive pause since June of the previous year, without signaling future policy direction [10] - The Bank of England kept its benchmark interest rate at 3.75%, with four out of nine monetary policy committee members voting for a 25 basis point cut, indicating a dovish stance [10] Domestic News - The 2026 National Service Consumption and Trade Work Conference emphasized the shift from goods consumption to service consumption, aiming to cultivate new growth points in service consumption and support service exports [12] - The Ministry of Commerce reported that China's service trade import and export total reached 80,823.1 billion yuan in 2025, a year-on-year increase of 7.4%, with a notable growth in travel services [12] - A joint initiative by the National Internet Information Office and eleven other departments introduced 14 measures to enhance digital service convenience for foreign personnel entering China [12] - The Ministry of Finance, General Administration of Customs, and State Taxation Administration issued a notice on zero tariffs for imported goods consumed by residents in Hainan Free Trade Port [12] Important Announcements - Nanmin Group plans to invest 30 million USD to acquire a 10% stake in Eagle Valley Gold [13] - Huisheng Biotechnology is investing 1 billion yuan to establish a synthetic biology manufacturing project in Xinjiang [13] - TBEA's subsidiary won a coal exploration right for 2.705 billion yuan [13]

2026 年 02 月 06 日 双融日报 --鑫融讯 分析师：万蓉 S1050511020001 wanrong@cfsc.com.cn 市场情绪：32 分（较冷） 最近一年大盘走势 资料来源：Wind，华鑫证券研究 -10 -5 0 5 10 15 20 25 (%) 沪深300 相关研究 | 1、《双融日报》2026-02-05 | | --- | | 2、《双融日报》2026-02-04 | | 3、《双融日报》2026-02-03 | ▌ 华鑫市场情绪温度指标：（较冷） 华鑫市场情绪温度指标显示，昨日市场情绪综合评分为 32 分，市场情绪处于"较冷"。历史市场情绪趋势变化可参 考图表 1 ▌ 热点主题追踪 今日热点主题：电网设备、银行、消费 1、电网设备主题：全球 AI 数据中心（AIDC）耗电量巨大， 催生了对高功率、高稳定性变压器等核心电力设备的刚性需 求。目前全球供需严重失衡，美国市场交货周期已长达 127 周。与此同时，国内"十五五"期间，国家电网 4 万亿元的 巨额投资将重点投向特高压、智能化配电网等新型电力系 统，为行业带来了明确的长期订单支撑。相关标的：中国西 电（601179）、特变 ...

转自：新华财经 •11部门联合发文提升境外人员入境数字化服务便利性 •海南岛内居民消费进境商品将享"零关税"每人每年免税额度1万元 •全线崩盘！贵金属大幅走低，比特币跌破7万美元，国际油价集体下挫 •国家网信办、国家发展改革委等11部门联合印发《关于提升境外人员入境数字化服务便利性的实施意见》，旨在打通境外人员入境数字化服务堵点、卡 点，建立互联互通、包容普惠、标准互认的数字化服务体系，打造更加国际化、便利化的数字化服务环境。实施意见明确了5方面14条工作举措，包括夯实 数字化基础服务、完善数字化支付服务、优化数字化旅游服务、丰富数字化公共服务、加强网络和数据安全保障。（新华社） •财政部、海关总署、税务总局2月5日对外发布通知，明确海南自由贸易港岛内居民消费的进境商品"零关税"政策，自公布之日起实施。政策规定，对海南 自由贸易港岛内居民在指定经营场所购买的进境商品，在免税额度和商品清单范围内免征进口关税、进口环节以及国内环节增值税和消费税。其中，岛内居 民包括持有海南省身份证、海南省居住证或海南省社保卡的中国公民，在海南省工作生活并持有居留证件的境外人员。免税额度为每人每年1万元人民币， 不限购买次数。免税 ...

【头条要闻】 中方领导人将于今年年底访美？外交部回应 关于美国总统特朗普称中方领导人将于今年年底访问美国，中国外交部发言人林剑2月5日在例行记者会 上应询表示，中美两国元首保持着沟通和互动。 记者会上，有记者提问：在2月4日中美元首通话之后，美国总统特朗普表示，中方领导人将于今年年底 访问美国。中方能否证实这一说法？是否可以提供有关此次会晤的更多细节？ "中美两国元首保持着沟通和互动。关于你提到的具体问题，我目前没有可以提供的消息。"林剑说。 "普京计划上半年访华"，外交部回应 外交部发言人林剑主持2月5日例行记者会。会上有俄媒记者提问称：2月4日立春当天，俄中两国元首举 行了视频通话，据俄罗斯总统助理乌沙科夫表示，应中国领导人的邀请，普京总统计划在2026上半年对 中国进行访问，请问中方能否提供更多的信息？林剑对此表示，昨天习近平主席同普京总统举行视频会 晤，就双边关系和共同关心的国际和地区热点问题深入交换意见。中俄两国元首一直通过各种方式保持 战略沟通，引领新时代中俄关系稳步前行。 中方要求国企暂停与巴拿马的新项目谈判？外交部回应 2月5日，外交部发言人林剑主持例行记者会。 彭博社记者提问，据报道，在巴拿 ...

证券代码：600089 证券简称：特变电工 公告编号：临2026-009 特变电工股份有限公司 关于控股子公司竞得普查探矿权的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重大遗漏，并对其内容 的真实性、准确性和完整性承担法律责任。 近日，公司控股子公司新疆天池能源有限责任公司（以下简称"天池能源公司"）参与竞买了新疆巴里坤 哈萨克自治县三塘湖矿区库木苏五号井田（以下简称"库木苏五号井田"）普查探矿权。2026年2月5日， 新疆公共资源交易中心发布了《2025年新疆巴里坤哈萨克自治县三塘湖矿区库木苏五号井田普查探矿权 挂牌出让结果公示》，确定天池能源公司为该普查探矿权竞得人。 一、挂牌出让成交情况 特变电工股份有限公司董事会 2026年2月6日 证券代码：600089 证券简称：特变电工 公告编号：临2026-008 特变电工股份有限公司 2026年第三次临时董事会会议决议公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重大遗漏，并对其内容 的真实性、准确性和完整性承担法律责任。 特变电工股份有限公司于2026年2月3日以电子邮件、送达方式发出召开公司 ...

主要指数月度走势 主要指数占对应市场市值比例 沪深300十大权重 中证分类债券指数月度走势 沪深300行业指数月度表现 上证综指行业月度表现 □ 中证指数有限公司、上海证券报联合推出 主要股票指数月度表现 交易日数：20 开盘 最高 最低 收盘 涨跌点数 涨跌幅 日均成交量 日均成交金额 (百万股) (亿元) 沪深300 4661.62 4836.95 4645.47 4706.34 76.40 1.65% 30059 7360 中证100 4526.86 4720.41 4526.86 4615.93 129.46 2.89% 14519 4136 中证800 5145.47 5427.40 5145.47 5338.51 229.33 4.49% 61134 13532 中证200 5682.69 6145.84 5682.69 6024.78 374.98 6.64% 17525 3873 中证500 7523.88 8671.35 7523.25 8370.52 904.95 12.12% 31075 6172 中证700 6517.40 7278.34 6517.40 7085.98 612.90 ...

Company Announcements - Tianqi Mould is planning a major asset restructuring and will be suspended from trading starting February 6 [1] - Jiangfeng Electronics intends to acquire control of Kaide Quartz for 591 million yuan, with trading resuming on February 6 [2][3] - Beikong Leisure's actual controller, Ma Xuejun, is under investigation by the China Securities Regulatory Commission for alleged market manipulation [4][5] Performance Highlights - In 2025, Yingjixin reported a total revenue of 1.611 billion yuan, a year-on-year increase of 12.65%, and a net profit of 177.44 million yuan, up 42.81% from the previous year [6] Capital Increase & Restructuring - Guoxuan High-Tech plans to raise no more than 5 billion yuan through a private placement to fund a 20GWh power battery project and other initiatives [7] - Zhongxin Fluorine Materials received approval from the CSRC for a simplified procedure to issue shares to specific investors in 2025 [7] Important Matters - Runze Technology is planning to issue convertible bonds to purchase assets and raise supporting funds, with trading suspended from February 6 [8] - ST Cube's stock price increased by 314.93% from January 20 to February 5, leading to a suspension for verification due to a significant deviation from its fundamentals [8] - Muyuan Foods reported a January sales revenue of 10.566 billion yuan from commodity pigs, a year-on-year decrease of 11.93% [8] Other Developments - GCL-Poly has not yet received any orders in the "space photovoltaic" sector, which remains in the exploratory stage [9] - Huizhou Energy achieved a power generation of 4.264 billion kWh in January, a year-on-year increase of 26.38% [10] - Taiji Industry's subsidiary is part of a consortium that has pre-qualified for a semiconductor project with a bid of 3.778 billion yuan [10][11]

国轩高科：拟定增募资不超50亿元，用于动力电池等项目。 【热点】 *ST立方：公司股价已严重脱离基本面，将停牌核查。 2月5日上市公司公告精选： 青鸟消防：拟将证券简称变更为"青鸟智控"。 【并购重组】 看公告，小e抢先报！ 倍轻松：实控人马学军因涉嫌操纵证券市场被证监会立案。 倍加洁：员工持股平台及董事、高管拟合计减持不超3%股份。 中环海陆：江海机械拟减持公司不超3%股份。 【中标合同】 天汽模：筹划购买东实股份股权，2月6日起停牌。 润泽科技：筹划发行可转债购买广东润惠少数股权，6日起停牌。 健麾信息：拟7371.02万元收购博科国信38%股权，实现控股70%股权。 【经营数据】 高争民爆：2025年净利润1.97亿元，同比增加32.77%。 恒为科技：2025年净利润3493.8万元，同比增长30.13%。 【增减持】 咸亨国际：实控人之一致行动人拟减持公司不超3%股份。 内蒙一机：全资子公司签订3.48亿元铁路货车项目合同。 融发核电：全资子公司中标1.01亿元中广核工程公司项目。 东南网架：联合中标9.94亿元冰雪文化旅游产业EPC项目。 【其他】 回盛生物：拟10亿元投建新疆合成生物学智造项目。 ...