图片来源：社交网络平台 1月19日，现货黄金突破4690美元/盎司，现货白银突破94美元/盎司，双双创历史新高。Wind数据显示，今年以来现货白银价格已上涨约30%。 据极目新闻，国内最大的黄金珠宝集散地深圳水贝市场，除了抢黄金和白银，近期还有不少商家试探性地推出了纯铜999.9的投资铜条；据悉，其规格有 500克和1000克，一根1000克的投资铜条报价从180元至280元不等。 据证券时报报道，一位水贝商家说，这两天问的人比较多，真正下单的人很少。多位商家表示，目前还不知道具体回收方式，"我们现在是只卖不回 收。"也有商家表示："铜条的工费可能比铜本身的价格还高，即使回收可能也就是按原材料价格回收，所以价值并不大。" 在许多网络社交平台，水贝"投资铜条"也引起了热议。智通财经查询社交平台，在小红书上，有大量关于投资铜条的售卖信息。其中有商家算了一笔账： 1万8能买17克黄金，金价涨1元盈利17元；同样1万8能买1000克白银，银价涨1元盈利1000元；1万8能买90万克铜，铜价涨1元盈利90万元。 2026年以来，铜价连创新高。1月14日，伦敦金属交易所（LME）期铜创出每吨13407美元的历史新高；国内 ...

Core Viewpoint - Ming Tai Aluminum (601677.SH) expects a net profit attributable to shareholders of the parent company to be between 1.95 billion to 2 billion yuan in 2025, representing a year-on-year growth of 12% to 14% [1] Group 1: Financial Performance - The projected net profit for 2025 is between 1.95 billion to 2 billion yuan, indicating a growth of 12% to 14% compared to the previous year [1] Group 2: Product Development and Market Strategy - The company has completed SGS carbon footprint assessments for various products, highlighting the low-carbon advantages of its recycled aluminum products, which enhance market competitiveness [1] - The company is focusing on high-end sectors such as new energy batteries, automotive lightweighting, robotics, and low-altitude flight aluminum applications [1] - New products, including all-aluminum pillar robot bodies, drone shielding covers, composite aluminum materials for heat sinks, and aluminum-plastic film foils for batteries, are being launched to accelerate the transition to high-end manufacturing [1] Group 3: Growth Strategy - The company aims to drive high-end products to become a second growth curve, with continuous expansion of profit margins per ton [1]

1月19日，三大指数涨跌不一，沪指走势较强，创业板指冲高回落，成交额2.71万亿，较上一个交易日 缩量3179亿。截至收盘，沪指涨0.29%，深成指涨0.09%，创业板指跌0.70%。 国泰海通认为，近期涨幅较大且引发投资者热议的商业航天/GEO等主题炒作回归理性。交易监管有助 于引导市场行稳致远，主题轮动节奏加快，看好具备强需求支撑且产业催化密集的低位科技方向，如国 产算力、新型电网、机器人、内需消费。 盘面上，电网设备股再度爆发，汉缆股份、森源电气2连板，保变电气等超10股涨停;贵金属板块走强， 招金黄金、四川黄金双双涨停;旅游板块升温，九华旅游涨停;商业航天概念局部回暖，九鼎新材等涨停; 此外，海南、军工、化工、油气、机器人等板块盘中均有所表现。下跌方面，AI应用方向走低，互联 网、文化传媒、AI医疗等方向跌幅居前。个股方面，海格通信连续3日跌停，三维通信、视觉中国等多 股跌停;此外，大金融、半导体等方向跌幅居前。 焦点个股方面，锋龙股份复牌涨停，连续14个交易日实现涨停，2025年12月17日以来截至目前累计大涨 280%。 点评：华泰证券研报称，国网4万亿投资，利好电网设备商。看好全国统一电力市场建 ...

Core Viewpoint - The A-share market experienced a mixed performance with the Shanghai Composite Index rising by 0.29% to 4114.0 points, while the ChiNext Index fell by 0.7% to 3337.61 points, indicating a narrow fluctuation in trading activity on January 19 [1] Group 1: Market Performance - The Shanghai Composite Index increased by 12.09 points, or 0.29%, closing at 4114.0 points [1] - The Shenzhen Component Index rose by 12.97 points, or 0.09%, to 14294.05 points [1] - The CSI 300 Index gained 2.58 points, or 0.05%, ending at 4734.46 points [1] - The total trading volume in the two markets reached 2.71 trillion yuan, with over 3500 stocks rising [1] Group 2: Sector Highlights - The electric grid equipment sector saw a significant surge, with multiple stocks hitting the daily limit, driven by a report from Huatai Securities predicting a 4 trillion yuan investment from the State Grid [2] - The precious metals sector strengthened, with both Zhaojin Mining and Sichuan Gold hitting the daily limit, as international gold and silver prices reached historical highs [3] - The tourism sector also performed well, with stocks like Jiuhua Tourism and Dalian Shengya hitting the daily limit, supported by increasing travel bookings ahead of the upcoming holidays [4] Group 3: Institutional Insights - CITIC Securities stated that adjustments in financing margins do not affect the overall upward trend of the market but will influence market structure [5] - Guotai Junan highlighted the acceleration of thematic rotation, focusing on domestic semiconductor and electric power sectors, as regulatory measures aim to stabilize market fluctuations [6] - Dongfang Securities projected that the Shanghai Composite Index would oscillate between 4000 and 4200 points before the Spring Festival, while still favoring sectors with strong demand and performance potential [7]

每日经济新闻 1月19日午后，石化ETF（159731）延续上行趋势，截至13:22，涨2.84%，持仓股昊华科技、鲁西 化工、恒力石化等领涨。从资金净流入方面来看，石化ETF连续8个交易日获得资金净流入，合计"吸 金"2.69亿元。石化ETF最新份额达5.49亿份，最新规模达5.22亿元，均创成立以来新高。 华西证券认为，A股慢牛趋势不变，1月下旬年报业绩预告密集披露期，关注业绩高增或景气改善 的方向。行业配置上，（1）关注科技产业行情的扩散：如AI算力、AI应用、机器人、港股互联网等； （2）受益于"反内卷"与涨价方向，如化工、有色金属等；（3）2025年年报业绩预告高增方向：如电 子、机械设备、医药等。 石化ETF（159731）及其联接基金（017855/017856）紧密跟踪中证石化产业指数，从申万一级行 业分布来看，基础化工行业占比为59.23%，石油石化行业占比为32.60%，随着供需格局重构与产业属 性升级，产业周期修复加快节奏。 （责任编辑：张晓波 ） 【免责声明】本文仅代表作者本人观点，与和讯网无关。和讯网站对文中陈述、观点判断保持中立，不对所包含内容 的准确性、可靠性或完整性提供任何明示 ...

方正证券研报指出，新泉股份全球化战略加速，机器人构筑成长新曲线。公司拥有完善的汽车内外饰总 成产品矩阵，主要产品包括仪表盘总成、门板总成、内饰附件、保险杠总成等，其中，仪表盘总成产品 在2025H1贡献营收43.6亿元，占总营收的64.4%，为最主要产品。全球化战略加速、产能扩充加码，海 外有望成为新增长点。随着特斯拉Optimus即将进入量产元年，国内外人形机器人有望迎来快速发展。 10月30日，公司公告将投资1亿元设立全资子公司-常州新泉智能机器人有限公司，加速布局机器人赛 道，子公司于12月9日正式成立，主要负责智能机器人相关部件产品的研发、设计、制造和销售。当前 公司正推进谐波减速器、执行器模组、机器人减速器专用轴承等机器人零部件产品量产，在未来有望贡 献增长新弹性。维持"推荐"评级。 ...

化工板块上涨，化工行业ETF易方达、化工ETF、化工龙头ETF涨超3%；化工ETF天弘、化工ETF、石化ETF、化工50ETF、化工ETF嘉实涨超2.5%。 | 证券代码 | 证券简称 | 当日涨幅% | 年内涨幅% | 管理人 | | --- | --- | --- | --- | --- | | 516570.SH | 化工行业ETF易方达 | 3.31% | 6.85% | 易方达基金 | | 159870.SZ | 化工ETF | 3.14% | 7.52% | 鹏花草等 | | 516220.SH | 化工龙头ETF | 3.05% | 7.81% | 国泰县金 | | 159133.SZ | 化工ETF天弘 | 2.94% | 7.78% | 天弘基金 | | 516020.SH | 化工ETF | 2.84% | 7.54% | 华宝基金 | | 159731.SZ | 石化ETF | 2.84% | 6.43% | 生夏其令 | | 516120.SH | 化工50ETF | 2.78% | 7.49% | 富国其金 | | 159129.SZ | 化工ETF嘉实 | 2.57% | 7.83 ...

财达期货｜股指期货周报 财达期货｜股指期货周报 2026-1-19 姓名：：李津文 从业资格号： F0244287 投资咨询号： Z0012495 震荡整理，量能充裕 研究员 行情回顾: 展望后市，融资保证金的调整并不影响市场震荡上行的大方 向，但会影响结构。主题板块博弈加剧，纯靠叙事和资金接力驱动 的单边趋势行情结束，业绩线索的权重重新开始上升。 上周四个股指期货品种走势以震荡整理为主，其中上证 50 和 沪深 300 的调整幅度相对较大。四个股指期货品种基差贴水深度有 所收窄，但大部分主力合约保持期货贴水模式。期指主力合约期货 -现货基差，IH 收于 4.64，IF 收于-8.67，IC 收于-22.27，IM 收 于-53.53。 上周 A 股市场走出震荡整理的行情，调整主要源于资金大量聚 集的商业航天、AI 应用短期涨幅过于巨大。交易所上调融资保证 金比例，较大程度上反映出监管层对市场上涨过快的降温意图。监 管措施有助于市场的长远平稳运行，同时也应看到，A 股市场成交 量创出历史最高纪录。即便指数有所回调，但充沛的市场流动性和 高涨的市场情绪下，对这种技术性回调并不值得忧虑。从商业航天、 AI 应用、 ...

（文章来源：证券日报） 陈孟浩表示，光峰科技始终专注于激光技术生态的构建与拓展。光峰科技以影院激光光源起家，目前国 内超过60%的影院采用其激光光源解决方案，在专业显示领域拥有较高行业知名度。近年来，基于激光 技术核心生态的延伸，公司业务布局进一步拓展至AR光机及水下激光雷达等新兴方向，未来将持续探 索激光技术在更多场景的创新应用。 当前，AR（增强现实）与机器人等热点领域展现出强劲的发展势头。在此背景下，激光核心器件供应 商将如何把握广阔的市场机遇？ 近日，证券日报记者采访了光峰科技创新中心总经理陈孟浩，他围绕技术适配、场景拓展、产业链协同 等关键内容，分享了公司应对行业变革的战略思考与实践路径。 ...

Market Overview - The A-share market experienced a morning surge followed by a pullback, with the Shanghai Composite Index breaking through 4100 points. By the morning close, the Shanghai Composite Index rose by 0.13%, while the ChiNext Index fell by 0.64%, with 3381 stocks in the market rising [1][2]. Electric Grid Equipment Sector - The electric grid equipment sector saw a surge, with stocks like Double杰电气 hitting the daily limit and 亿能电力 rising over 20%. The State Grid announced a fixed asset investment of 4 trillion yuan during the 14th Five-Year Plan, focusing on technological innovation and new power system construction. This investment is expected to create a full industry chain effect, benefiting five major sectors including ultra-high voltage and distribution network upgrades [3][4]. Commercial Aerospace and Photovoltaic Sectors - The commercial aerospace concept showed active performance, with stocks like 九鼎新材 and 越秀资本 hitting the daily limit. The photovoltaic sector also saw significant gains, particularly in the space photovoltaic direction, with 赛伍技术 reaching the daily limit. However, warnings about potential bubbles in this sector were noted, as several leading photovoltaic companies announced expected losses exceeding 28.9 billion yuan for 2025 [4]. Precious Metals Sector - The precious metals sector was active, with 四川黄金 rising over 9% and other gold stocks like 招金黄金 and 西部黄金 also performing well. International gold and silver prices reached historical highs, with gold prices exceeding $4690 per ounce and silver prices surpassing $94 per ounce. Domestic gold jewelry prices also saw significant increases, with some brands raising prices by 24 yuan per gram in a single day [4]. Declining Stocks - The CPO concept experienced a downturn, with AI applications, semiconductors, and cultivated diamonds showing significant declines. 包钢股份 opened with a drop of 5.6% following a tragic explosion incident at its plant, resulting in casualties and injuries. 容百科技 faced a 20% limit down due to an investigation by the securities regulatory authority for misleading statements [5]. Doubling Stocks - Several stocks in the A-share market have doubled in value, including 易点天下 and 志特新材, which saw increases of over 100% and 138%, respectively. The semiconductor stock 珂玛科技, despite a drop of over 3% recently, had a cumulative increase of over 159% in the past 26 trading days [6][8]. Cryptocurrency Market - The cryptocurrency market faced a downturn, with major cryptocurrencies experiencing significant declines, leading to over 240,000 liquidations and a total liquidation amount of $864 million [9].