- -(- -) 40.880 = -(- -) 40.860 -6.41% 36.500 - -(- -) 40.840 34.33万 量:0股 额:0 - -(- -) 40.820 16:15 17:00 17:30 18:30 18:00 5分 1分 日K स्त्र सं 买盘十档 卖盘十档 88.77% 11.23% 立即卖出 立即买入 | 06:32 | | | 10 10 2 ... 11 111 46 1 | | | --- | --- | --- | --- | --- | | | | 牧原股份 (') | | | | 首页 | | HK 02714 暗盘 | | | | 行情 板块 | 评论 | 券商持仓 实时数据 차 | | | | 41.000 | 成交量 605.00万股 | 最高 41.500 | 今开 39.900 | | | 换手 2.21% +5.13% +2.000 | | 最低 38.600 | | 总市 2352.06亿 | | 20260205 18:30 价 41.000 5.13% 均 40.581 分时量 0股 | | | | | | 41.500 | | 6 ...

Core Insights - The report highlights the significant growth potential of perovskite solar cells, driven by their advantages over traditional silicon cells, including lower costs, higher efficiency, and flexibility [9][10][11] - The demand for rubidium and cesium salts is expected to increase significantly due to the rising adoption of perovskite solar cells in various applications, including space photovoltaics and building-integrated photovoltaics (BIPV) [14][18] - The report anticipates that the global installed capacity of perovskite solar cells will grow from 20 GW in 2026 to 281.7 GW by 2030, leading to a corresponding increase in rubidium demand from 146.7 tons to 2065.7 tons during the same period [18] Industry Overview - The perovskite solar cell market is projected to see a penetration rate increase from 1.3% in 2025 to 30% by 2030, with significant growth in ground photovoltaic applications [11][14] - The flexible nature of perovskite solar cells allows for innovative applications in various sectors, including wearable devices, vehicle power generation, and portable electronics [12][13] - The BIPV market is expected to grow substantially, with a projected CAGR of 23.06% from 2026 to 2031, driven by the integration of perovskite solar cells into building materials [13] Company Insights - Key companies recommended for investment include Jin Yin He and Zhongkuang Resources, which are positioned to benefit from the expanding perovskite solar cell market and the associated demand for rubidium and cesium salts [19]

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！ 来源：金色光 牧原股份是生猪养殖行业的绝对龙头，但短期偿债能力处于业内下游。往绩记录期间内，子公司存在众 多环保不合规事项，招股章程并未完全披露。 来源：摄图网 资产规模、经营业绩都领先，但短期偿债能力拖后腿 牧原食品股份有限公司（证券简称：牧原股份；证券代码：002714.SZ）主营生猪养殖销售、屠宰业 务。2025年5月，牧原股份首次向港交所递表，由于未能在6个月内完成发行，于11月二次递表。 2025年12月4日，牧原股份通过港交所聆讯，直到2026年1月16日才公开聆讯后资料集，其间花费一个多 月时间，远超其他申报公司。1月29日，牧原股份发布招股章程，启动H股发行。 上述行业地位也反映在牧原股份的资产规模和经营业绩上。 按申万三级行业分类，包括牧原股份在内，生猪养殖行业内共有12家公司。 往绩记录期间（2022年至2024年及2025年前三季度）各期末，牧原股份的资产总额、所有者权益均遥遥 领先。截至2025年三季度末，公司资产总额达到1807.56亿元，净资产为804.4亿元，较第二名均高出 50%。 往绩记录期间内，牧原股 ...

编辑丨巫燕玲 连日来，随着东鹏饮料、国恩科技先后在港股上市，"A+H"再迎扩容，构成了香港新股市场持 续繁荣的一角。 Wind 数据显示，今年以来，截至2月5日，港股市场上市新股15 家，同比增长87.50%，总募 资额513.07亿港元，同比增长757.71%，其中，东鹏饮料以101亿港元的募资金额，成为港股 2026年首个百亿规模的IPO。 尽管香港证监会加强了对IPO申请文件质量的审核，但对于2026年全年港股IPO数量及融资额 均将保持高位这一点，行业早已形成共识。 近日，由沙利文捷利(深圳)云科技有限公司主编，沙利文、捷利交易宝、头豹协作发布的 《2025年香港IPO市场及二级市场白皮书》（简称《白皮书》）显示， 截至2025年底，港股 IPO市场项目储备丰富，新的上市申请不断，拟上市数量超过270家。截至目前，还有9家市值 超过千亿的A股公司正在候场。 记者丨 杨坪 据《白皮书》， 截至2025年12月31日，仍处于有效期内的上市申请数量有277家。 另有龙旗科技、白鸽在线、卓正医疗、北京同仁堂等4家已通过聆讯的公司。递表公司中，包 括93家A+H公司，占比高达33.6%。 从行业分布来看，277 ...

| 39.300 | 0.77% | | | | --- | --- | --- | --- | | | | 十档 | 成交明细 | | | | 39.520 | - - (- -) | | | | 39.500 | - - (- -) | | | | 39.480 | - - (- -) | | | | 39.460 | - -(- -) | | | | 39.440 | - - (- -) | | | | 39.420 | 800(2家) | | | | 39.400 | 1.92万(4家) | | | | 39.380 | - - (- -) | | 39.000 | | 39.360 | - - (- -) | | | | 39.340 | 200(1家) | | | | 39.300 | 7100(2家) | | | | 39.280 | - - - - - - ) | | | | 39.260 | - - (- -) | | | | 39.240 | 1200(1家) | | | | 39.220 | - - - - - - ) | | | | 39.200 | - - (- -) | | | | ...

牧原股份（002714）(02714)将于2月6日(星期五)在香港挂牌。截至发稿，利弗莫尔证券暗盘交易显示报价39.3港元，较招股价39港元上涨0.77%，每手100 股，不计手续费，每手赚30港元。 | 04:17 | 10: 2 ... 11 411 (3) 4 | | --- | --- | | 首页 | 牧原股份 C) O HK 02714 暗盘 | | 行情 | 板块 评论 券商持仓 实时数据 机 三 | | 39.300 | 成交量 51.80万股 最高 39.900 今开 39.900 | | +0.77% +0.300 | 换手 0.19% 最低 38.600 总市 2254.53亿 | | | | | | 39.180 | | | --- | --- | --- | --- | --- | --- | | 38.700 | | | -0.77% | 39.160 | --- | | 量 : 10.65万股 额 : 418.41万 | | | 19.18万 | 39.140 | | | | | | | 39.120 | -- | | 16:15 17:00 | 17:30 | 18:00 | ...

Core Insights - The article discusses the performance of actively managed equity funds established in 2021, revealing that over 50% of these funds are currently at a loss, with significant declines in value for many [1] Fund Performance Summary - A total of 667 actively managed equity funds established in 2021 were analyzed, with approximately 362 funds showing negative returns since inception, representing over 54% of the sample [1] - Among these, 86 funds have experienced declines of over 30%, and 34 funds have seen declines exceeding 40% [1] - The "Oriental Quality Consumption One-Year Holding Period Mixed Fund," established in July 2021, has recorded a cumulative decline of approximately 60.6%, making it one of the worst performers in the sample [1][3] Specific Fund Data - The "Oriental Quality Consumption One-Year Holding Period Mixed Fund A" has a current net value of 0.4015, with a cumulative return of -59.85% since its inception [2] - The fund's performance over the past year shows a decline of -1.45%, and over three years, it has decreased by -34.56% [2] - The fund's top ten holdings include major companies such as Yili Group, Midea Group, and Tencent Holdings, but it has consistently underperformed compared to its peers and the CSI 300 index [3][4] Comparative Performance Analysis - In 2025, the fund's annual return was -0.53%, while the average return for similar funds was 33.12%, and the CSI 300 index returned 17.66% [4] - The fund's ranking among peers has been poor, with significant drops in its position over the years, indicating a consistent underperformance [4][6]

Group 1 - The core viewpoint of the news is that the Hong Kong IPO market is experiencing significant growth, with a notable increase in the number of new listings and total fundraising amounts in 2026 [1][2][4] - As of February 5, 2026, there have been 15 new IPOs in Hong Kong, representing a year-on-year increase of 87.50%, with total fundraising reaching 51.307 billion HKD, up 757.71% [1] - Eastroc Beverage has become the first IPO in Hong Kong for 2026 to raise over 10 billion HKD, totaling 10.1 billion HKD [1] Group 2 - The "2025 Hong Kong IPO Market and Secondary Market White Paper" indicates that there are over 270 companies planning to list, with 277 valid applications as of December 31, 2025 [2][3] - The majority of these applications are concentrated in the software services, healthcare, and industrial manufacturing sectors, accounting for over 60% of the total [3] - The average number of submissions per company is 1.4, indicating a strong influx of new companies into the Hong Kong market [3] Group 3 - Multiple institutions predict that the Hong Kong IPO market will remain robust in 2026, with estimates ranging from 150 to 200 new listings and total fundraising between 300 billion to 350 billion HKD [5] - Deloitte forecasts approximately 160 new IPOs with a minimum fundraising of 300 billion HKD, while PwC expects around 150 listings with total fundraising between 320 billion to 350 billion HKD [5] Group 4 - In 2025, A-share companies were a significant source for the Hong Kong IPO market, with 19 new A+H companies listed, raising a total of 126.946 billion HKD [6][7] - There are currently 93 A-share companies that have submitted applications to list in Hong Kong, including 10 with a market capitalization exceeding 100 billion RMB [7] Group 5 - The trend of leading mainland enterprises and A+H new stocks listing in Hong Kong is expected to continue in 2026, driven by the demand for international financing channels [8] - The influx of A-share companies is enhancing the quality and attractiveness of the Hong Kong capital market, providing stable cash flow and clear growth logic [8] Group 6 - Recent reforms by the Hong Kong Stock Exchange, including the introduction of the 18A and 18C rules, have significantly increased the market's appeal, particularly for biotech and technology companies [10][12] - The 18A rule has led to a rise in biotech listings, with 16 companies listed in 2025, and 27 companies currently applying under this rule [10][14] - The 18C rule has also attracted numerous unprofitable tech companies, with 5 companies listed in 2025 and a total fundraising of 59.15 billion HKD [13][14]

Group 1 - The latest price of live pigs on February 4 is 12.85 yuan per kilogram, reflecting a 12.72% increase over the last 60 days [1][2] - Related producers include companies such as Jijing Zhino (000048), Zhenghong Technology (000702), Luoniushan (000735), and others [1][2] Group 2 - Cyclical stocks refer to publicly listed companies that produce raw materials, with their profits significantly affected by fluctuations in raw material prices [3] - Utilizing the price fluctuation data from the business community to identify buying signals for cyclical stocks before quarterly and annual reports is an important investment strategy [3]

Investment Rating - The report maintains a "Positive" investment rating for the agriculture, forestry, animal husbandry, and fishery industry [4] Core Insights - The 2026 Central Document emphasizes enhancing agricultural comprehensive productivity and quality efficiency, shifting focus from merely ensuring supply quantity and safety to a coordinated development of yield, capacity, and efficiency [1][9] - The document highlights the need for comprehensive regulation of pig production capacity and aims to promote balanced supply and demand in the livestock sector, particularly in beef and dairy industries [2] - There is a strong push for the commercialization of biological breeding and the integration of advanced technologies such as AI, drones, and IoT into agriculture, indicating a significant move towards smart agriculture [3][9] Summary by Sections Agricultural Production - The focus has shifted to enhancing agricultural comprehensive production capacity and quality efficiency, emphasizing the need for coordinated development of yield, capacity, and ecological production [9] Livestock Industry - The document calls for a strengthened comprehensive regulation of pig production capacity and aims to consolidate the recovery of the beef and dairy industries, with new measures to promote dairy consumption [2][9] Agricultural Technology - The report stresses the implementation of biological breeding initiatives and the integration of new agricultural productivity, with a focus on advancing smart agriculture through technology applications [3][9] Agricultural Products Circulation and Processing - There is a shift in policy focus from production to post-production processes, emphasizing market-oriented approaches to enhance the efficiency of the agricultural supply chain and increase farmers' income [9]