| 公司简称 | 业绩预告 | 预告净利润 | 预告净利润 | 预告净利润 | 预告净利润 | | --- | --- | --- | --- | --- | --- | | | 类型 | 变动中值(%) | 上限(元) | 下限(元) | 中值(元) | | 花狂矿业 | 大幅上升 | 235.54 | 9.00亿 | 8.00亿 | 8.50亿 | | 招金黄金 | 扭亏 | 219.28 | 1.82亿 | 1.22亿 | 1.52亿 | | 福达合金 | 大幅上升 | 169.55 | 1.46亿 | 1.00亿 | 1.23亿 | | 潮宏基 | 大幅上升 | 150.00 | 5.33亿 | 4.36亿 | 4.84亿 | | 国城矿业 | 大幅上升 | 134.10 | 11.20亿 | 10.00 亿 | 10.6亿 | | 飞南资源 | 大幅上升 | 129.77 | 3.30亿 | 2.60亿 | 2.95亿 | | 赤峰黄金 | 大幅上升 | 75.50 | 32.00亿 | 30.00亿 | 31.00亿 | | 高能环境 | 大幅上升 | 71.23 | 9.00亿 | 7.50亿 ...

Core Viewpoint - The trading volume of the Shanghai and Shenzhen Stock Connect reached a total of 375.77 billion, with Zijin Mining and CATL leading in individual stock trading volume [1][3] Group 1: Trading Volume and Key Stocks - The total trading amount for the Shanghai Stock Connect was 185.69 billion, while the Shenzhen Stock Connect totaled 190.08 billion [1] - Zijin Mining ranked first in the Shanghai Stock Connect, while CATL topped the Shenzhen Stock Connect [2][3] Group 2: Sector Performance - The non-ferrous metals sector saw the highest net inflow of main funds, amounting to 97.43 billion, with a net inflow rate of 2.92% [4][6] - Other sectors with significant inflows included industrial metals and communications, while the new energy and pharmaceutical sectors experienced notable outflows [4][6] Group 3: ETF Trading - The CSI 500 ETF from Huaxia (512500) saw a remarkable trading volume increase of 1188% compared to the previous trading day, leading the growth in ETF trading [9] - The top ETF by trading volume was the CSI 300 ETF from Huatai Baichuan (510300), with a trading amount of 401 billion [9] Group 4: Institutional Activity - Institutional buying was notable in stocks like Hongjing Technology, which saw a 7.04% increase and received 1.45 billion from three institutions [10] - Conversely, AI application stock Sanwei Communication faced selling pressure, with two institutions selling 1.18 billion [10]

Core Viewpoint - The report highlights the AH premium rates of various stocks, indicating significant disparities between H-shares and A-shares, with some stocks showing extremely high premiums while others exhibit negative premiums [1][2]. Group 1: Top AH Premium Rates - Northeast Electric (00042) leads with an AH premium rate of 847.37%, followed by Zhejiang Shibao (01057) at 349.31% and Beijing Jingcheng Machinery Electric (00187) at 279.42% [1][2]. - The lowest AH premium rates are recorded for Contemporary Amperex Technology (03750) at -14.34%, China Merchants Bank (03968) at -4.99%, and Heng Rui Medicine (01276) at -1.15% [1][2]. Group 2: Top AH Deviation Values - Junshi Biosciences (01877) has the highest deviation value at 22.43%, followed closely by Beijing Jingcheng Machinery Electric (00187) at 22.18% and CanSino Biologics (06185) at 21.90% [1][3]. - The lowest deviation values are observed in Changfei Optical Fiber (06869) at -50.58%, Zhejiang Shibao (01057) at -45.38%, and Nanhua Futures (02691) at -27.12% [1][4]. Group 3: Detailed AH Premium and Deviation Rankings - The top ten AH stocks by premium rate include companies like Hongye Futures (03678) with a premium of 271.30% and Sinopec Oilfield Service (01033) at 248.51% [2]. - The bottom ten AH stocks by premium rate include WuXi AppTec (02359) with a slight premium of 0.42% and Midea Group (00300) at 6.75% [2]. - The top ten stocks by deviation also feature companies like Goldwind (02208) at 19.35% and Andeli Juice (02218) at 19.04% [3].

小摩表示，洛钼完成巴西金矿收购后，于周日(25日)举行电话会议，该行上周亦接待其投资者关系团 队。该行指，有关会议进一步强化该行对洛钼策略与营运的正面看法。主要业务更新包括：巴西金矿收 购顺利完成，管理层目标今年黄金产量6至8吨，并于2030年前达20吨; 以及今年铜产量指引细节，由工 艺优化及KFM二期产能上升所支持。 智通财经APP获悉，摩根大通发布研报称，上调对洛阳钼业(03993)今明两年盈利预测27%至30%，并将 洛阳钼业(603993.SH)A股及洛钼H股目标价，分别由24元人民币及24港元，上调至30元人民币及30港 元，重申"增持"评级。 ...

摩根大通发布研报称，上调对洛阳钼业（603993）(03993)今明两年盈利预测27%至30%，并将洛阳钼业 (603993.SH)A股及洛钼H股目标价，分别由24元人民币及24港元，上调至30元人民币及30港元，重 申"增持"评级。 小摩表示，洛钼完成巴西金矿收购后，于周日(25日)举行电话会议，该行上周亦接待其投资者关系团 队。该行指，有关会议进一步强化该行对洛钼策略与营运的正面看法。主要业务更新包括：巴西金矿收 购顺利完成，管理层目标今年黄金产量6至8吨，并于2030年前达20吨;以及今年铜产量指引细节，由工 艺优化及KFM二期产能上升所支持。 ...

"资源为王"的时代已经降临，而黄金则是最好的定价物。 1 月 26 日晚，紫金矿业（ 2899.HK ）公告称，子公司紫金黄金国际（ 2259.HK ）将以约 280 亿元的价格购买 AlliedGoldCorporation （简 称"联合黄金"） 100% 股权，每股购买价格为 44 加元。 普通人买金饰， "金王"买金矿。在金价暴涨背景下，金矿的价值算得上直飞冲天，按目前金价来算，这笔 280 亿元的收购太划算了。 买金矿先看金价， 1 月 28 日现货黄金金价已再次上涨，触及 5270 美元 / 盎司， 纽约期金更突破5300美元/盎司 ，国内金饰价格也在同日冲 破 1600 元 / 克，投行和消费都惊呼"每天都在见证历史"！ 再看看联合黄金的黄金产能，据紫金矿业披露数据， 2023 年至 2025 年联合黄金平均年产黄金 11 吨以上。按此计算， 联合黄金每年产金价值 约 20 亿美元，约合人民币 138 亿元， "金王"两年左右就回本了。而且，联合黄金预计 2029 年黄金产能还将提升至 25 吨。 这波金价大涨当然离不开近期国际 "资源争夺战"愈演愈烈的态势，"鹰酱"对委内瑞拉石油、格陵兰岛稀土 ...

Core Viewpoint - The non-ferrous metal sector is experiencing a significant surge, with various companies such as China Aluminum and Yunnan Copper seeing substantial gains, driven by a favorable market environment and increasing demand for metals [1][4]. Group 1: Market Performance - The non-ferrous mining ETF has risen by 8.24% today and has a year-to-date increase of 36.68%, with an estimated scale of 458 million [2]. - The mining ETF managed by Guotai Fund has increased by 7.38% today and has a year-to-date increase of 36.25%, with an estimated scale of 3.161 billion [2]. - The non-ferrous mining index has seen a rise of over 34% since early 2026, outperforming other non-ferrous thematic indices [2]. Group 2: Price Drivers - The current macroeconomic and financial cycles, including the U.S. dollar credit cycle and global liquidity environment, are foundational to the pricing of non-ferrous metals, with expectations of interest rate cuts abroad and policy easing domestically [5]. - Structural changes in supply and demand are evident, with global mining capital expenditures being insufficient and new mine production cycles extending to 7-10 years, alongside increasing demand from sectors like renewable energy and AI [6]. Group 3: Strategic Importance - New materials such as rare earth permanent magnets and high-temperature alloys are becoming crucial for high-end manufacturing and defense technology [8]. - Historical patterns indicate that commodity market trends typically start with precious metals, followed by industrial metals, energy, and then agricultural products [8].

Group 1 - The A-share profit cycle may have reached a turning point, with a significant probability of profit indicators rebounding, indicating a gradual stabilization at the bottom of A-share profits [1] - Key profit indicators across the A-share market are showing signs of recovery, with a narrowing year-on-year decline in EPS and clear signs of ROE stabilization and rebound [1] - The main sectors with net inflows include non-ferrous metals, semiconductors, and automotive chips, indicating strong investor interest in these areas [1] Group 2 - The announcement to adjust export tax rebate policies for photovoltaic products will lower the VAT export rebate rate for battery products from 9% to 6% starting April 1, 2026, and eliminate it entirely from January 1, 2027, which may lead to a short-term surge in exports [3] - The aluminum market is expected to see a decline in demand for photovoltaic aluminum, while demand for electrolytic aluminum is projected to grow, supported by high demand in the power grid and automotive sectors [3] - Citic Securities forecasts that the average aluminum price will reach 23,000 yuan/ton in 2026, indicating a bullish outlook for the aluminum sector [3] Group 3 - The Chinese technology sector is expected to experience a significant profit growth turning point in 2026, potentially surpassing the profitability of the "seven giants" in the US stock market for the first time since 2022 [5] - The coal industry is anticipated to maintain a weak supply-demand balance in 2026, but with supportive policies, coal prices may perform better than in 2025, improving profit and dividend expectations for listed companies [5] - The TMT and consumer sectors are expected to show resilience in growth rates, while public utilities and transportation may face greater earnings pressure [11]

每经AI快讯，洛阳钼业(03993.HK)尾盘涨超5%，截至发稿涨5.51%，报24.14港元，成交额13亿港元。 （文章来源：每日经济新闻） ...

Group 1 - The core viewpoint of the news highlights a significant surge in the non-ferrous metal sector driven by rising risk aversion and expectations of interest rate cuts, with the Penghua Non-Ferrous ETF (159880) rising over 7.3% and 14 constituent stocks hitting the daily limit up [1] - Southwest Securities indicates that both precious metals and industrial copper sectors are showing positive expansion, with resource-advantaged companies continuously increasing reserves and production, and upcoming production from marine gold mining projects [1] - As of January 28, 2026, the Guozheng Non-Ferrous Metal Industry Index (399395) has surged by 6.31%, with significant gains in constituent stocks such as Silver Non-Ferrous (up 10.04%), China Aluminum (up 10.02%), and Yunnan Copper (up 10.02%) [1] Group 2 - As of December 31, 2025, the top ten weighted stocks in the Guozheng Non-Ferrous Metal Industry Index (399395) include Zijin Mining, Luoyang Molybdenum, Northern Rare Earth, and others, collectively accounting for 51.65% of the index [2] - The Penghua Non-Ferrous ETF (159880) closely tracks the Guozheng Non-Ferrous Metal Industry Index, which selects 50 securities from the non-ferrous metal industry based on size and liquidity, reflecting the overall performance of listed companies in this sector [1][2]