亚洲时段，A股成交再创历史天量，创业板跌2%，商业航天集体回调，新"易中天"延续强势，恒指涨近1%，医药股活跃，碳酸锂逆势涨超7%。 要闻 华见早安之声 美CPI公布后， 美债价格跳涨、收益率刷新日低；美元指数短线回吐部分涨幅、刷新日低，但此后美元涨幅扩大、逼近四周高位。 日元六连跌、创一年半新低。美国CPI后，离岸人民币短线转涨，后失守6.97、跌离20个月高位；比特币一度较日低涨近4%、涨破9.4万美元。 市场概述 核心CPI通胀放缓未能保住美股涨势，三大股指盘中转跌，标普和道指跌落纪录高位，银行股拖累大盘，金融板块跌近2%，公布四季度财报且公司CFO暗示 可能受特朗普的信用卡利率上限打击后， 摩根大通跌超4%，信用卡巨头Visa跌超4%；但谷歌涨超1%、四日连创历史新高，芯片指数和英伟达两连阳，被 机构上调评级后，AMD涨超6%、英特尔涨超7%。 原油四连涨，收创两个多月新高， 特朗普称取消与伊朗会谈后，油价盘中涨超3%。 黄金第二日 创盘中最高纪录后转跌， 白银盘中涨近5%、两日 连创历 史新高。伦锡涨超3%、逼近最高纪录，伦铜止步两连阳，未继续逼近纪录高位。 美国核心通胀较预期放缓，12月核心CPI ...

Group 1 - The article highlights the importance of weekly announcements from Sunday to Thursday at 22:00, which include significant stock market updates such as suspensions, shareholding changes, investment wins, acquisitions, earnings reports, and unlocks, helping investors identify potential investment hotspots and mitigate risks [1] - A company has integrated multiple products with Google's new image generation and editing model, Nano Banana Pro, showcasing advancements in AI and robotics [1] - Another company has developed a new low-code platform that combines AI capabilities to provide rich programming assistance and template prompts, indicating growth in AI applications and cloud computing [1] - A company has signed a procurement agreement with CATL for over 120 billion yuan worth of lithium iron phosphate cathode materials, reflecting significant investment in solid-state batteries, low-altitude economy, energy storage, and new energy vehicles [1]

Core Viewpoint - Wanrun Co., Ltd. has completed the laboratory small-scale development of lithium sulfide, a key upstream material for solid-state battery electrolytes, and has initiated the construction of a pilot production line, aiming for completion around the end of June [1] Group 1 - The laboratory small-scale development of lithium sulfide has been completed [1] - Lithium sulfide is identified as a crucial material for solid-state battery electrolytes [1] - The construction of the pilot production line has commenced [1]

Core Viewpoint - Wanrun Co., Ltd. has completed the laboratory small-scale development of lithium sulfide, a key upstream material for solid-state battery electrolytes, and is advancing towards industrialization [1] Group 1 - The company has initiated the construction of a pilot production line for solid-state battery materials [1] - The goal is to complete the construction of the pilot line by the end of June 2026 [1] - The company aims to promote the industrialization process following the completion of the pilot line [1]

答：前期公司固态电池材料硫化锂的实验室小试开发工作已完成，该 材料为固态电池电解质的上游关键材料。目前中试产线建设工作已经启 动，争取在 6 月底前后完成建设。 4、问：公司钙钛矿产品发展情况，主要有哪些种类？ 答：公司钙钛矿光伏材料主要包括空穴传输层材料、电子传输层材料、 钙钛矿层材料、SAMs 材料等，各类材料均有产品销售。目前公司在钙钛 矿光伏材料领域，已开发了超 100 种化合物。2025 年情况来看，虽然行 业下游尚未达到大规模商业化应用阶段，但下游钙钛矿光伏组件技术水平 持续进步且向着产业化迈进，效率水平持续提升，我们将继续以高品质的 钙钛矿光伏材料助力下游企业更好发展。 证券代码：002643 证券简称：万润股份 中节能万润股份有限公司投资者关系活动记录表 编号：20260113 | | □√特定对象调研 □分析师会议 | | --- | --- | | | □媒体采访 □业绩说明会 | | 投资者关系活动类别 | □新闻发布会 □路演活动 | | | □现场参观 | | | □其他 | | 活动参与人员 | 万家基金：汪洋、刘洋、李杨、张希晨、叶勇、况晓、雷寅嘉 | | | 长江证券：王呈 | ...

Market Overview - All three major indices closed lower, with the ChiNext index experiencing a significant decline of 1.96%, while the Shanghai Composite Index fell by 0.64% to 4138 points. The Hong Kong Hang Seng Index opened high but closed lower. Trading volume in both markets increased, approaching 3.7 trillion yuan [1][8]. Sector Performance - The commercial aerospace sector saw a substantial drop, leading to a decline in market sentiment. According to WIND data, most of the 31 primary industries tracked by Shenwan experienced declines, with notable gains in oil and petrochemicals (1.62%), pharmaceuticals (1.21%), non-ferrous metals (0.91%), and media (0.67%). In contrast, sectors such as defense, electronics, communications, and computers lagged behind. Out of over 5300 stocks in the market, 3726 saw declines, indicating poor profitability [1][9]. Reasons for Market Correction - The primary reason for the market correction was the cooling off of previously popular speculative themes, particularly in commercial aerospace and controllable nuclear fusion sectors. The commercial aerospace concept stocks notably weakened after several companies issued risk warnings on January 12. This decline raised concerns among investors regarding high-volatility sectors, prompting some to quickly realize profits, which led to concentrated selling pressure [2][9]. Short-term Outlook - The current short-term fluctuations may present a good opportunity for allocation. Historical data from the past two decades indicates that spring market rallies typically occur, although the timing and magnitude can vary. Compared to historical trends, the current bull market has not yet reached its peak, and market sentiment remains subdued. The influx of absolute return funds from insurance, private equity, and retail investors suggests that the spring rally in A-shares has already begun [2][10]. Future Market Dynamics - As the annual performance forecast disclosure window opens for listed companies, the market logic is expected to shift from valuation recovery to profit growth. The current spring market is anticipated to be characterized by a more tradable and significant upward trend after digesting market sentiment [3][10]. Sector Allocation Recommendations - The importance of performance realization is expected to increase, focusing on core technology and manufacturing sectors. Key areas to prioritize include overseas computing power, storage, consumer electronics, and wind energy storage, which currently have low trading congestion and still present buying opportunities. Additionally, sectors like innovative pharmaceuticals and gaming, which may see fundamental improvements in Q1, are also expected to rotate into focus [4][11]. Commercial Aerospace Sector Outlook - Despite the recent adjustments and the need to digest short-term overheating sentiment, the commercial aerospace sector may still hold strong investment appeal. The ongoing developments with SpaceX and robust policy support, along with significant industry catalysts, suggest that the sector could remain active with participation opportunities [5][12].

Core Viewpoint - The A-share market showed mixed performance on January 13, with the Battery 50 ETF (159796) experiencing a slight increase of 0.3% amid fluctuations in trading [1] Group 1: Market Performance - The Battery 50 ETF (159796) recorded a trading volume of 4.94 billion CNY, with a price range between 0.990 and 1.012 CNY [1] - The ETF's net asset value was reported at 1.0038 CNY, with a premium rate of 0.42% [1] - The ETF's five-day net inflow was noted at 2.65% [1] Group 2: Component Stocks - Major component stocks of the Battery 50 ETF included Sanhua Intelligent Controls, which rose by 1.05%, and multiple fluorine, which increased by 1.26% [2] - Notable declines were observed in XINWANDA, which fell by 2.40%, and other key players like Yangguang Electric and Ningde Times also experienced slight declines [2] Group 3: Policy Impact - The recent adjustment in export tax rebates for battery products is expected to lead to a surge in exports in 2026, tightening supply and demand in the lithium battery industry [4] - The tax rebate for battery products will decrease from 9% to 6% starting April 1, 2026, and will be eliminated entirely by January 1, 2027 [5] Group 4: Industry Outlook - The battery sector is anticipated to benefit from increased demand driven by both domestic and international markets, with projections indicating a significant rise in global demand for power batteries from 1,253.4 GWh in 2025 to 1,834.2 GWh by 2027 [5] - The storage demand is also expected to grow substantially, with domestic installations projected to reach 265 GWh in 2026, reflecting a 60% increase [5] Group 5: Investment Strategy - The Battery 50 ETF (159796) is highlighted as a leading option for investors due to its significant exposure to the storage sector, which accounts for 18.7% of its index, and a high proportion of solid-state battery technology at 45% [6][8] - The ETF's management fee is noted to be the lowest in its category at 0.15% per year, making it an attractive investment vehicle for capturing opportunities in the battery sector [11]

Group 1 - The core viewpoint of the news is that Yinghe Technology's stock has experienced fluctuations, with a recent decline of 2.02% and a total market value of 18.51 billion yuan [1] - As of January 13, 2025, Yinghe Technology's stock price is reported at 28.69 yuan per share, with a trading volume of 3.80 billion yuan and a turnover rate of 2.06% [1] - The company has seen a net outflow of 23.54 million yuan in principal funds, with significant buying and selling activity from large orders [1] Group 2 - For the period from January to September 2025, Yinghe Technology achieved operating revenue of 6.784 billion yuan, representing a year-on-year increase of 4.72%, while the net profit attributable to shareholders decreased by 39.06% to 302 million yuan [2] - The number of shareholders increased by 17.69% to 62,500, while the average circulating shares per person decreased by 15.04% to 10,204 shares [2] - The company has distributed a total of 5.53 billion yuan in dividends since its A-share listing, with 3.30 billion yuan distributed over the past three years [3] Group 3 - As of September 30, 2025, the top circulating shareholders include Hong Kong Central Clearing Limited and various ETFs, with notable changes in their holdings [3] - Hong Kong Central Clearing Limited holds 4.1872 million shares, an increase of 494,100 shares compared to the previous period [3] - The Southern CSI 1000 ETF and other ETFs have seen fluctuations in their holdings, with some increasing and others decreasing [3]

Core Viewpoint - The stock price of Xinzhou Bang has shown a significant increase in recent months, reflecting positive market sentiment and strong financial performance in the electronic chemical industry [2][3]. Group 1: Stock Performance - As of January 13, Xinzhou Bang's stock price rose by 2.07% to 55.77 CNY per share, with a trading volume of 859 million CNY and a turnover rate of 2.91%, resulting in a total market capitalization of 41.93 billion CNY [1]. - Year-to-date, the stock price has increased by 6.43%, with a 3.03% rise over the last five trading days, 16.14% over the last 20 days, and 24.49% over the last 60 days [2]. Group 2: Company Overview - Xinzhou Bang, established on February 19, 2002, and listed on January 8, 2010, is located in Shenzhen, Guangdong Province, specializing in the research, production, sales, and service of new electronic chemicals and functional materials [2]. - The company's revenue composition includes battery chemicals (66.43%), organic fluorochemicals (17.03%), electronic information chemicals (16.03%), and other (0.50%) [2]. Group 3: Financial Performance - For the period from January to September 2025, Xinzhou Bang achieved a revenue of 6.616 billion CNY, representing a year-on-year growth of 16.75%, while the net profit attributable to shareholders was 748 million CNY, up by 6.64% [2]. - Since its A-share listing, Xinzhou Bang has distributed a total of 2.149 billion CNY in dividends, with 1.121 billion CNY distributed over the last three years [3]. Group 4: Shareholder Information - As of September 30, 2025, Xinzhou Bang had 45,600 shareholders, an increase of 19.44% from the previous period, with an average of 11,840 circulating shares per shareholder, a decrease of 16.27% [2]. - Among the top ten circulating shareholders, notable changes include a decrease in holdings by E Fund's ChiNext ETF and the entry of new shareholders such as Hong Kong Central Clearing Limited [3].

Core Viewpoint - EVE Energy Co., Ltd. has experienced a decline in stock price and significant changes in shareholder structure, despite a year-on-year increase in revenue. Group 1: Stock Performance - On January 13, EVE Energy's stock price fell by 2.04%, reaching 66.82 CNY per share, with a trading volume of 2.188 billion CNY and a turnover rate of 1.61%, resulting in a total market capitalization of 138.593 billion CNY [1] - Year-to-date, EVE Energy's stock has increased by 1.61%, but it has decreased by 3.99% over the last five trading days, 5.89% over the last 20 days, and 12.41% over the last 60 days [1] Group 2: Financial Performance - For the period from January to September 2025, EVE Energy achieved a revenue of 45.002 billion CNY, representing a year-on-year growth of 32.17%, while the net profit attributable to shareholders decreased by 11.70% to 2.816 billion CNY [2] Group 3: Shareholder Structure - As of September 30, 2025, EVE Energy had 187,500 shareholders, an increase of 34.21% from the previous period, with an average of 9,929 circulating shares per shareholder, a decrease of 25.49% [2] - The top ten circulating shareholders include Hong Kong Central Clearing Limited as the second-largest shareholder with 48.9094 million shares, down by 32.3798 million shares from the previous period [3] - Other notable shareholders include E Fund's ChiNext ETF and Huatai-PB's CSI 300 ETF, both of which have seen reductions in their holdings [3] Group 4: Business Overview - EVE Energy, established on December 24, 2001, and listed on October 30, 2009, specializes in the research, production, and sales of consumer batteries (including lithium primary batteries, small lithium-ion batteries, and ternary cylindrical batteries) and power batteries (including electric vehicle batteries and energy storage batteries) [1] - The revenue composition of EVE Energy is as follows: power batteries account for 45.26%, energy storage batteries 36.56%, consumer batteries 18.03%, and others 0.16% [1]