2026.01.30 本文字数：2057，阅读时长大约3分钟 作者 |第一财经 胡弋杰 当地时间1月29日，美股主要股指涨跌互现。微软在公布季度财报后大幅下挫，拖累纳指和标普500指数 走低，与此同时，中东地缘政治紧张局势升温，推动国际油价跳涨。避险需求也一度推动金价盘中短暂 冲高至每盎司5500美元上方，但随后交易员集中获利了结，价格迅速回落。 截至当天收盘，道琼斯工业平均指数上涨55.96点，报49071.56点；标普500指数下跌9.02点，报6969.01 点；纳斯达克综合指数下跌172.33点，报23685.12点。 苹果当季综合毛利率升至48.2%，较上年同期提高1.3个百分点；研发支出108.87亿美元，同比增长 31.7%。经营活动产生的现金流为539.25亿美元，同比大增79.9%。公司当季用于股票回购的资金为 247.01亿美元，并支付39.21亿美元股息，合计向股东返还近320亿美元。董事会同时宣布派发每股0.26 美元现金股息，股息支付日为2026年2月12日。 截至2025年12月27日，苹果持有的现金及现金等价物为453.17亿美元，较上一财季增长26.1%；总负债 为2911.0 ...

2026.01. 30 作者 | 第一财经 胡弋杰 当地时间1月29日，美股主要股指涨跌互现。微软在公布季度财报后大幅下挫，拖累纳指和标普500 指数走低，与此同时，中东地缘政治紧张局势升温，推动国际油价跳涨。避险需求也一度推动金价盘 中短暂冲高至每盎司5500美元上方，但随后交易员集中获利了结，价格迅速回落。 截至当天收盘，道琼斯工业平均指数上涨55.96点，报49071.56点；标普500指数下跌9.02点，报 6969.01点；纳斯达克综合指数下跌172.33点，报23685.12点。 隔夜，微软重挫10%，创下自2020年3月以来最大单日跌幅，市值单日蒸发约3570亿美元。市场对其 上一季度创纪录的人工智能资本支出感到不安，担忧高强度投入可能侵蚀软件业务的盈利能力，这一 情绪也蔓延至其他科技股。 这一下跌盖过了Meta公布强劲季度业绩后的大涨表现。Meta股价当日上涨10.4%。特斯拉在公布财 报后下跌3.5%。 其他大型科技股走势分化。英伟达上涨0.52%，苹果上涨0.72%；谷歌A类股与C类股分别上涨0.67% 和0.71%。亚马逊下跌0.53%，超威半导体下滑0.22%，博通下跌0.75%。 | ...

Group 1 - Trump will announce the Federal Reserve chairperson candidate next week, suggesting interest rates should decrease by 2 to 3 percentage points [10] - The World Gold Council reported that global central banks purchased a net 230 tons of gold in Q4, with strong demand expected to continue into 2026 [13] - The Chicago Mercantile Exchange raised margin levels for gold, copper, and some aluminum futures [13] Group 2 - The U.S. government is facing another potential shutdown crisis as the Senate failed to advance a funding bill [13] - The Indonesian stock market experienced a significant drop, triggering a trading halt, prompting authorities to respond by increasing the minimum float requirement for stocks [11] - The Chinese government is planning to develop more "space+" future industries, including space mining and space tourism [16]

(本文来自第一财经) 美股周四收盘，道指收涨0.1%，标普500指数跌0.1%，纳斯达克综合指数跌0.7%。特斯拉(TSLA.O)跌超 3%，微软(MSFT.O)跌近10%。纳斯达克中国金龙指数涨0.3%，阿里巴巴(BABA.N)跌近1%，蔚来汽车 (NIO.N)涨4%。 ...

纳斯达克金龙中国指数涨幅一度扩大至近2%，热门中概股中，蔚来汽车(NIO.N)涨近6%，阿里巴巴 (BABA.N)涨近2%。 ...

Investment Rating - The industry investment rating is "Overweight," indicating that the industry is expected to outperform the overall market [15]. Core Insights - The report highlights the growth potential of 隆盛科技 in the commercial aerospace sector, focusing on core component supply and deepening relationships with key customers, successfully entering the satellite constellation supply chain [2][3]. - The company is expanding its production capacity in the harmonic reducer sector, aiming for 200,000 units by 2026, while also exploring new applications in commercial aerospace [4]. - The automotive industry shows a positive trend, with domestic and international vehicle production and sales increasing, particularly in the new energy vehicle segment [6][7]. Summary by Sections 隆盛科技 Update - 隆盛科技 is focusing on core component supply in the commercial aerospace sector, with its subsidiary 微研中佳 providing key components for satellite energy and control modules, successfully integrating into the supply chains of major aerospace companies [3]. - The company is also advancing in the harmonic reducer market, with a planned production capacity of 200,000 units by 2026, and is developing customized solutions for humanoid and industrial robots [4]. - Other business segments, including drones and precision components, are showing positive growth, with significant advancements in the natural gas heavy-duty truck EGR valve market [5]. Quarterly Report Preview - According to data from 中汽协, the total vehicle production and sales for Q4 2025 reached 10.186 million and 10.023 million units, respectively, marking year-on-year increases of 3.9% and 1.7% [6]. - Domestic retail share for independent brands reached 66.9% in Q4 2025, with a year-on-year increase of 3.2 percentage points, while new energy vehicle wholesale reached 4.89 million units, up 13.2% year-on-year [7]. - The average industry discount rate decreased by 1.33 percentage points to 12.28% in Q4 2025, indicating reduced terminal discounts [8]. - Traditional raw material price indices saw a decline, while new energy raw material prices and shipping costs increased, impacting supply chain profitability [8].

纳斯达克中国金龙指数收涨0.32%，热门中概股中，新东方收涨4.9%，比亚迪、理想涨超2%，阿里、网 易、小米、美团涨超1%，蔚来跌超0.7%，文远知行跌1.9%，拼多多跌3.8%。 格隆汇1月29日｜美联储维持利率不变，美股三大指数收盘涨跌不一，道指涨0.02%，纳指涨0.17%，标 普500指数跌0.01%。存储概念股走高，希捷科技涨超19%，西部数据涨超10%，闪迪涨超9%，美光科 技涨超6%。 ...

1月28日，沪指、深成指冲高回落，创业板指高开低走，盘中一度跌超1%。截至收盘，沪指涨0.27%，深成指涨0.09%，创业板指跌0.57%。沪深两市成交 额2.99万亿，较上一个交易日放量708亿。盘面上，全市场超3600只个股下跌。 资源股全天领涨，贵金属、油气、电解铝方向轮番爆发。黄金、有色金属板块午后持续拉升，云铝股份（000807）、华峰铝业（601702）、中金黄金 （600489）、北方铜业（000737）、赤峰黄金（600988）等20余股涨停。 | 白银有色 | 13.81 | 10.04% | 0.00% | | --- | --- | --- | --- | | 601212.SH | | | | | 云南铜业 | 26.79 | 10.02% | 0.00% | | 000878.SZ | | | | | 中国铝业 | 14.60 | 10.02% | 0.00% | | 601600.SH | | | | | 罗平锌电 | 11.42 | 10.02% | 0.00% | | 002114.SZ | | | | | 中色股份 | 9.00 | 10.02% | 0.00% | | 00 ...

记者｜金珊 见习记者林芊蔚 编辑｜黎雨桐 1月28日，沪指、深成指冲高回落，创业板指高开低走，盘中一度跌超1%。截至收盘，沪指涨 0.27%，深成指涨0.09%，创业板指跌0.57%。沪深两市成交额2.99万亿，较上一个交易日放量 708亿。盘面上，全市场超3600只个股下跌。 | 行情 | 资金净流入 | 涨跌分布 | | --- | --- | --- | | 上证指数 | 深证成指 | 科创综指 | | 4151.24 | 14342.89 | 1880.57 | | +11.33 +0.27% +12.99 +0.09% -8.90 -0.47% | | | | 万得全A | 创业板指 | 北证50 | | 6863.27 | 3323.56 | 1562.45 | | +7.43 +0.11% -19.04 -0.57% -2.49 -0.16% | | | | 沪深300 | 中证500 | 中证A500 | | 4717.99 | 8601.16 | 5951.10 | | +12.30 +0.26% +52.23 +0.61% +20.68 +0.35% | | | | 中证1000 | 深证 ...

Core Insights - The automotive industry is entering a fourth stage focused on technological innovation and product enhancement, with an emphasis on adapting to global scenarios and participating in high-end international competition [1] Group 1: Industry Trends - By 2025, China's automotive power technology will transition from an economic optimization phase to a performance evolution phase, highlighting the differentiation in user needs and product positioning [2] - The emergence of large-displacement hybrid power systems is a significant characteristic of the automotive power sector in 2025, with companies showcasing distinct technological approaches based on vehicle positioning and user demands [2] - The industry is advocating for technology innovation aimed at enhancing product capabilities, with a focus on meeting diverse market demands through various power architectures [5] Group 2: Company Innovations - Chery Group's Kunpeng CDM-O super hybrid system is designed for luxury off-road vehicles, achieving a total power of 665 kW and a total torque of 1135 Nm, emphasizing strong performance and low fuel consumption [2] - BYD's horizontally opposed engine design enhances performance and NVH experience while addressing challenges in vehicle design and layout [3] - NIO's 900V electric drive system technology exemplifies the use of AI for technical innovation, improving user experience [4] - Ideal Auto employs a globally optimal design approach to enhance electric drive efficiency, focusing on user value in adopting new technologies and materials [3]