Core Viewpoint - The engineering machinery sector is experiencing a significant rally, driven by strong overseas demand and the realization of post-holiday orders, indicating a shift from policy expectations to actual order fulfillment [1] Group 1: Market Performance - The engineering machinery ETF, Fuqiao (516250), opened strong with an intraday increase exceeding 3%, closing with a rise of 3.21% [1] - Companies with high overseas business exposure, such as Furui Special Equipment and Liande Co., saw their stock prices increase by over 7%, while XCMG and Weichai Power rose by more than 5% [1] Group 2: Industry Dynamics - The current rally is attributed to the dual realization of post-holiday orders and resilient export performance, with major engineering machinery leaders reporting accelerated construction schedules in Southeast Asia and the Middle East [1] - The concentration of major infrastructure projects post-holiday is expected to enhance industry sentiment and performance [1] Group 3: Investment Opportunities - The engineering machinery ETF covers a representative range of companies in complete machine manufacturing, core components, and the upstream and downstream of the industry chain, effectively capturing the dual-driven industry benefits of "exports + upgrades" [1] - With a clear trend of fundamental improvement and increased capital attention, the sector's valuation is expected to recover, providing structural investment opportunities for investors [1]

01 金融期货策略建议 目 录 重点数据跟踪 02 股指关注两会预期，国债 关注供给压力 2026-02-24 长江期货股份有限公司交易咨询业务资格：鄂证监期货字[2014]1号 长江期货股份有限公司研究咨询部 研究员：张志恒 执业编号：F03102085 投资咨询号：Z0021210 01 金融期货策略建议 01 股指策略建议 资料来源：iFinD、华尔街见闻、长江期货 p 股指走势回顾：四大股指均震荡运行，节前有所承压。 p 核心观点：中国商务部：敦促美方取消对贸易伙伴加征的有关单边关税措施。美国海关称将从2月24日 起停止征收被最高法院裁定违法的关税。美民主党称将阻止任何延长关税企图，力推强制退款方案。欧 盟冻结对美欧贸易协议的批准程序，并警告称特朗普的新关税破坏双方贸易协定。美联储理事沃勒： CEO们称AI将致大量裁员，3月利率决议取决于2月劳动力数据。AI担忧加剧，贵金属走强，股指短期 或震荡运行，两会前或震荡偏强运行，可关注市场对两会预期的情绪。 p 技术分析：MACD指标显示大盘指数或震荡运行。 p 策略展望：区间震荡。 p 风险提示：特朗普政策实施节奏与力度，美国经济数据暴雷，美联储降息节奏， ...

Core Viewpoint - North Bay Port's stock price has shown significant growth in 2023, with a year-to-date increase of 10.66% and notable gains over various trading periods [2] Group 1: Stock Performance - As of February 24, North Bay Port's stock rose by 2.77%, reaching 10.38 CNY per share, with a trading volume of 92.41 million CNY and a turnover rate of 0.44% [1] - The stock has increased by 6.90% over the last five trading days, 5.49% over the last 20 days, and 18.09% over the last 60 days [2] Group 2: Financial Performance - For the period from January to September 2025, North Bay Port reported a revenue of 5.535 billion CNY, reflecting a year-on-year growth of 12.92%, while the net profit attributable to shareholders was 789 million CNY, a decrease of 13.89% [2] - The company's main revenue sources include cargo handling and storage (94.59%), tugboat services (3.55%), and other logistics services [2] Group 3: Shareholder Information - As of September 30, 2025, North Bay Port had 59,400 shareholders, an increase of 42.47% from the previous period, with an average of 31,217 circulating shares per shareholder, a decrease of 29.81% [2] - The company has distributed a total of 3.034 billion CNY in dividends since its A-share listing, with 1.396 billion CNY distributed over the last three years [3] Group 4: Institutional Holdings - As of September 30, 2025, the top ten circulating shareholders included the Southern CSI 500 ETF, holding 13.4935 million shares, a decrease of 296,400 shares from the previous period, and Hong Kong Central Clearing Limited, holding 12.1743 million shares, an increase of 3.009 million shares [3]

极目新闻记者 吕少峰 | | 代码 名称 | 年初至今% 涨停数+ | | | --- | --- | --- | --- | | 1 | 880335 化工 | 13.17 | 13 | | 2 | 880310 石油 | 10.11 | 12 | | 3 | 880490 通信设备 | 3.65 | 6 | | 4 | 880446 电气设备 | 8.93 | 6 | | રે | 880476 建筑 | 5.75 | 5 | | 6 | 880344 建材 | 22.53 | 5 | | 7 8 | 880440 工业机械 | 15.27 | 4 | | | 880324 有色 | 19.17 | 4 | | 9 | 880492 元器件 | 6.61 | 3 | 概念方面，一带一路17个涨停，天然气16个涨停，储能、氢能源、光伏各12个涨停。总体来看，今天是新能源唱主角的一天。 | | | 土日町以次 山川大区 | | | --- | --- | --- | --- | | | 代码 名称 | · 年初至今% · · | | | 1 | 880594 一带一路 | 9.63 | 20 | | | 88 ...

数据整理：中金企信国际咨询 在智能技术深度赋能下，我国燃气灶行业正经历智能化转型。当前，不少燃气灶已具备定时关火、智能菜谱、语音交互、精准温控、远程操控等功能，在显 著提升燃气灶使用便捷性和安全性的。同时，也推动下游燃气具旋塞阀产品朝精密化、智能化方向发展。同时，在节能环保政策的驱动下，燃气灶高热效率 逐渐成为行业的主要升级方向，驱动燃气具旋塞阀产品实现精准的空燃比控制以适应精准调控需求。 （2）集成厨电行业现状分析：受集成厨电产品优势普及、消费升级推动等因素影响，2017至2022年我国集成厨电市场保持较好增长态势，零售规模由92亿 元增长至259亿元，CAGR达23%。受房地产持续低迷、消费降级影响，集成厨电市场需求持续减弱，2023年、2024年零售规模分别达249亿元、173亿元， 行业正从高速增长期转向结构优化期。随着国家对房地产市场的政策调整和市场的逐渐回暖，尤其是城中村与危旧房改造等政策的推进，新房装修和二手房 翻新市场将逐渐扩大，将为集成厨电等产品提供较为广阔的存量更新需求。 2017-2024年中国集成厨电零售额及增长率分析 数据整理：中金企信国际咨询 （1）燃气灶行业运行态势分析：受房地产 ...

Core Viewpoint - The "Belt and Road" theme has made a strong comeback on the first trading day after the Spring Festival, with the Belt and Road ETF (515150) seeing a price increase of 3.12% [1] Group 1: Market Performance - The energy and shipping sectors emerged as the main drivers of today's market gains, with several stocks such as Southern Power Grid Energy, Sinopec Oilfield Service, COSCO Shipping Energy, and China Merchants Energy hitting the 10% daily limit [1] - Other energy stocks like CNOOC, China Jushi, Fenghuo Communication, and Yuntianhua also recorded gains exceeding 7% [1] Group 2: Factors Driving Market Strength - The strong market performance post-holiday is attributed to multiple favorable factors, including the accelerated implementation of key "Belt and Road" projects, which were announced during the Spring Festival, boosting the related industry chain's outlook [1] - The resilience of foreign trade has also been highlighted, with a rapid recovery in cross-border trade demand reinforcing market confidence in trade and investment along the Belt and Road [1] Group 3: Investment Opportunities - The Belt and Road ETF (515150) serves as an efficient tool for investors to gain exposure to core assets in the Belt and Road initiative, covering leading companies in infrastructure, energy, resources, and communications [1] - Investors can also participate through linked funds (Class A 007786/Class C 007787/Class E 022096) to capitalize on the recovery opportunities in the post-holiday thematic market [1]

信义光能(00968)午前涨近4%，截至发稿，涨3.97%，报3.67港元，成交额1亿港元。 中金指出，信义光能印尼已有1条1200吨产线于近期投产，该行预期另1条即将投产，年内实现满产满 销。公司海外产能占公司在产总产能比例达到24.7%。根据海外组件需求和玻璃供给情况，该行测算公 司仍需划分国内10-15%的产品出口至海外，叠加海外产能出货，该行认为公司海外合计出货占比将超 过35%，光伏玻璃海外利润率长期优于国内，利润率重心有望较去年上移。 消息面上，近期，据信义光能官微消息，公司印度尼西亚项目首座光伏玻璃窑炉点火仪式在印尼吉配经 济特区隆重举行。据介绍，该生产线采用国际领先设备和生产技术，日熔化量达1200吨，年产量超过36 万吨，可满足约8GW太阳能组件盖板需求，有力支撑东南亚及周边地区清洁能源的快速发展。未来， 公司将持续积极响应国家"一带一路"倡议，深化在印尼的投资与合作。 ...

为确保春节期间班列运输高效顺畅，吴家山站联合武昌南机务段、中铁联集武汉中心站、汉欧国际等多家单位，开启了"全天候"运转 模式。铁路部门严格落实"优先计划、优先配空、优先装车、优先挂运、优先放行"的"五优先"原则，为中欧班列开辟全流程"绿色通 道"。"虽然除夕不能陪伴家人，但看到一列列满载'中国制造'的班列从我们站安全发出，驶向万里之外的欧洲，这份坚守就值得。"吴家山 站党支部书记潘汉宜说。 湖北港口集团武汉汉欧国际有限公司相关负责人介绍说，春节假期期间，中欧班列（武汉）满载着日用百货、服装鞋袜、汽车配件、 家用电器等商品，发往莫斯科、布达佩斯、布拉格、波兹南、米兰等城市；同时将德国的奶粉、俄罗斯的板材等优质进口商品运回国内， 有力保障春节期间国内企业及共建"一带一路"国家物流需求，为湖北产业链供应链稳定畅通提供坚实支撑。 2月22日正月初六，17时58分，编组55车，装载着汽车零配件、电子产品、日用品等货物的X8183次中欧班列从吴家山站鸣笛启程， 驶往德国汉堡、杜伊斯堡。 中欧班列（武汉）春节不停歇。 据统计，今年春节假期期间（2月15日至23日），武汉共开行国际班列11列，其中吴家山站开行10列，香炉山站 ...

近日，随着一声嘹亮的汽笛长鸣，一列满载大理石制品、棉布、墙纸等货物的中欧班列，从南昌国际陆 港缓缓驶出。该班列将由霍尔果斯口岸出境，途经哈萨克斯坦，跨越里海，最终抵达阿塞拜疆首都巴 库，全程运输时效约18天。江西首列"跨里海"中欧班列的成功发运，为中部地区通往欧亚的国际贸易搭 建起一条高效新通道。 新通道的开通，是江西在"十五五"开局之年对外开放建设的坚实起步。"十四五"时期，江西货物贸易累 计进出口2.65万亿元，较"十三五"时期增长62.3%，年均规模超5300亿元，创历史新高。市场结构持续 优化，与共建"一带一路"国家进出口值年均增长6.9%，占全省外贸比重提升至55.1%；对东盟、拉美、 非洲等新兴市场进出口年均增速均超过6%，合计占比显著提升。民营企业活力迸发，贡献了近八成的 外贸增量，生产型企业拉动作用日益增强。 向未来：双向开放，惠通四方 江西的开放步伐坚定而清晰。2025年11月，全省扩大开放推动经济高质量发展大会明确提出，要高标准 推进内陆开放型经济试验区建设，坚持"引进来"和"走出去"并重，做好"双向开放、惠通四方"大文章， 加快构建高水平开放型经济新体制。 江西，这个不沿边、不靠海的内陆 ...

2025年，全球贸易格局深度调整，单边贸易限制、地缘政治博弈等因素持续扰动国际市场，我国外贸在 挑战中展现出强大韧性和活力。其中，中西部省份表现尤为亮眼，在全国外贸进出口增速前10的省份 中，有九席花落中西部地区。新疆、陕西、湖北、甘肃、云南等省份增速大幅领跑全国，中西部地区成 为内陆开放新高地。 同时，中西部地区经营主体的活力持续释放，中小微企业、专精特新"小巨人"企业成为外贸发展新生力 量。中国进出口银行相关负责人介绍，各分行通过"一对一"金融顾问、供应链融资、转贷款合作等方 式，为企业提供精准金融服务。例如，陕西省分行5年间支持数千户小微企业，推动普惠金融服务增量 扩面，让更多经营主体参与到外贸发展中，形成"龙头引领、小微跟进"的良好格局。四川省分行为龙头 企业建立"一企一策"服务机制，助力企业优化全球产业布局；为创新型企业提供"融资+融智"服务，帮 助企业更好地抓住市场机遇；为中欧班列(成渝)集结中心的建设和班列开行运营提供全方位金融支持， 让四川企业和产品走向国际市场。 多维赋能推动增长 中西部地区外贸能够在全球贸易变局中逆势突围，并非偶然。程婉静表示，这是资源禀赋升级、贸易格 局重塑、国家战略赋能 ...