【导读】回顾周末大事，汇总十大券商最新研判； 专家认为应理性看待中国新申报卫星网络资料 中国基金报记者 泰勒 国常会：要加强财政政策与金融政策配合联动 引导社会资本参与促消费、扩投资 会议指出，实施财政金融协同促内需一揽子政策，是扩大有效需求、创新宏观调控的重要举 措。要加强财政政策与金融政策配合联动，充分发挥政策效应，引导社会资本参与促消费、 扩投资。围绕促进居民消费，优化实施服务业经营主体贷款、个人消费贷款贴息政策，推动 增加优质服务供给，增强居民消费能力。围绕支持民间投资，实施中小微企业贷款贴息政 大家好，马上又要开盘啦，这个周末利好消息感觉不少！ 周末大事 证监会最新发声！推动中长期资金进一步提高入市规模比例 1月11日，证监会副主席陈华平在参加第30届中国资本市场论坛时表示，将持续完善长钱长投的制度环 境，合力推动各类中长期资金进一步提高入市规模比例；将进一步提升监管执法有效性，持续健全投资 者教育服务和保护体系，坚持依法从严监管，突出打大、打恶、打重点，从严惩治各类恶性违法行为。 我国新增20万颗卫星申请 专家：卫星频轨资源申请已上升至国家战略层面 我国2025年12月向ITU申请了超20万颗卫星 ...

Investment Rating - The investment rating for Zoomlion Heavy Industry Science and Technology Co., Ltd. is "Buy" (maintained) [7] Core Views - Zoomlion is positioned as a leading player in the Chinese engineering machinery sector, with growth potential driven by its diversified focus on engineering machinery, agricultural machinery, and mining machinery [1] - The company is benefiting from a recovery in domestic demand, particularly in non-excavator segments, and is advancing its globalization strategy through overseas direct sales and localized production [1][11] - The company is also focusing on low-valuation humanoid robots, which are expected to contribute to future growth [1][11] Industry and Company Analysis Engineering Machinery Sector - The global engineering machinery market is projected to reach USD 213.5 billion in 2024 and USD 296.1 billion by 2030, with a CAGR of 6% from 2024 to 2030 [2] - Domestic recovery in excavators is expected to drive demand for non-excavator machinery, supported by infrastructure and municipal needs [2][3] - The company has a significant market share in various segments, including nearly 50% in the 1000-ton and above crawler crane market [12][24] Agricultural Machinery - The global agricultural machinery market is expected to reach approximately RMB 1.5 trillion in 2024, with China contributing around RMB 300 billion [5] - Emerging markets and green technology are identified as key growth drivers for agricultural machinery [5][25] Mining Machinery - The global mining machinery market is projected to grow from USD 133.1 billion in 2025 to USD 229.2 billion by 2035, with a CAGR of 6% [6] - The company is focusing on green, large-scale, and intelligent mining machinery, with significant growth in sales and market penetration [13][26] Financial Projections - The company is expected to achieve a net profit of RMB 49 billion, 64 billion, and 81 billion from 2025 to 2027, with respective growth rates of 40%, 30%, and 26% [20] - The projected P/E ratios for 2025-2027 are 15, 12, and 9 times, indicating a favorable valuation outlook [20] Globalization and Shareholder Returns - The company plans to issue up to RMB 6 billion in H-share convertible bonds to support its globalization strategy, with 50% of the funds allocated to overseas production and technology development [14][36] - The company has a high dividend payout ratio of 74% for 2024, reflecting its commitment to shareholder returns [36]

上周（2026/1/5-2026/1/9）机械设备指数涨跌幅为+5.98%。中国新增申请 20 万颗卫 星，国内外人形机器人亮相 CES。 投资要点： [Table_Report] 相关报告 机械行业《量产版 Atlas 亮相 CES 2026，人形机 器人产业发展持续加速》2026.01.10 机械行业《CES 国产机器人大放异彩，脑机接口 有望 26 年量产》2026.01.10 机械行业《液氩均价同比翻倍；杭氧加入可控核 聚变创新联合体》2026.01.04 机械行业《首款全身力控小尺寸人形机器人启元 Q1 发布》2026.01.01 机械行业《太空光伏有望驱动行业长期需求，设 备公司率先受益》2025.12.31 股 票 研 究 中国新增申请 20 万颗卫星，国内外人形机器人亮相 CES [Table_Industry] 机械行业 机械行业周报 | [姓名table_Authors] | 电话 | 邮箱 | 登记编号 | | --- | --- | --- | --- | | 肖群稀(分析师) | 0755-23976830 | xiaoqunxi@gtht.com | S0880522120001 ...

证券日报网1月11日讯 ，康尼机电在接受调研者提问时表示，公司控股子公司康尼精机的主营业务为精 密数控成形磨齿机、精密锻造及加工零部件、精密模具制造。该公司正在研究以"精锻+精磨"核心技术 向相关新兴产业和未来产业进行延伸，其中外螺纹磨床的样机研发已基本完成，可用于人形机器人核心 零部件丝杠的加工，内螺纹磨床的研发尚未开始，正在进行立项研究。 （文章来源：证券日报） ...

Core Viewpoint - The "opening red" of the A-share market in 2026 indicates strong market confidence, driven by clear policy guidance and robust capital activity, suggesting a positive outlook for the entire year [1][3]. Market Sentiment - Multiple fund managers express that the spring market rally reflects investors' strong confidence in the equity market, supported by a combination of policy support and industrial momentum [3]. - The "opening red" alleviates market tension and injects vitality into the real economy, marking a critical turning point for the market [3]. Investment Opportunities - Fund managers favor sectors such as technology innovation, cyclical industries, and strategic emerging industries as key investment themes [5]. - Specific focus areas include light modules, printed circuit boards, domestic computing power, semiconductors, and AI applications [5][6]. - The AI industry chain, including computing hardware, AI applications, and semiconductor equipment, is highlighted as a significant area for investment [5][6]. Asset Allocation Strategies - Fund managers recommend a diversified investment approach that balances market conditions with valuation safety margins [5]. - There is a caution regarding the potential volatility and difficulty in AI investments, suggesting a need for realistic return expectations while maintaining a long-term focus on AI and other technology growth sectors [5][6]. - Emphasis is placed on tracking opportunities in cyclical sectors, particularly in coal, engineering machinery, consumption, and resource products, which may present favorable investment prospects [6].

中信建投研报认为，近期美元指数有所反弹，但人民币汇率仍然坚挺，整体环境对A股仍然较为有利。 通胀水平温和回升，经济复苏的内生动能逐渐修复，利好A股慢牛行情持续性。从市场情绪看，我们认 为跨年行情有望继续演绎，但短期技术性回调风险上升。当前市场行业表现分化，有充分预期的板块横 盘等待兑现验证，与此同时概念主题表现活跃，前期落后板块补涨。整体而言，我们继续看好跨年行 情，行业主要围绕未来产业热点、AI和半导体、资源品涨价链展开。行业重点关注：半导体、AI、有 色金属、化工、机械、传媒、计算机、医药；主题重点关注：脑机接口、商业航天、可控核聚变、人形 机器人、量子科技等。 ...

谈及美元未来走势，邢自强表示，当前美国通过高增长、高通胀来压低实际利率，从而化解债务的模 式，与二战后美国化解债务的手段相似。长期来看，化债手段存在副作用，美元贬值趋势已逐步显现。 以美元指数作为标杆，2025年美元指数贬值近10%，2026年贬值进程或持续。与此同时，欧洲等经济体 同样面临债务高企、赤字膨胀问题，且未搭上AI革命快车导致滞后于美国，这使得发达国家法币之间 的相对汇率波动，本质是一场"相互比烂"的过程。 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！ 摩根士丹利中国首席经 济学家邢自强 上证报中国证券网讯（张玮华 记者王敬博）1月11日，摩根士丹利中国首席经济学家邢自强在2026中国 首席经济学家论坛年会上表示，以美元为代表的法币体系正遭遇信用侵蚀，相对法币以外的资产呈现贬 值趋势，能源、贵金属等战略资产及部分非传统法币体系资产愈发受到市场青睐。 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！ 摩根士丹利中国首席经 济学家邢自强 上证报中国证券网讯（张玮华 记者王敬博）1月11日，摩根士丹利中国首席经济学家邢自强在2026中国 首席经济学家论 ...

Core Viewpoint - The establishment of the Guanggu Venture Capital Group aims to create a comprehensive state-owned venture capital support system covering the entire lifecycle of enterprises, enhancing the investment landscape in Wuhan [1] Group 1: Company Initiatives - Guanggu Venture Capital Group was unveiled on January 10 during the 3551 International Entrepreneurship Competition and Talent Fund's 10th Anniversary Conference [1] - The group will collaborate with existing state-owned enterprises in the Donghu High-tech Zone to develop the "Guanggu Capital" brand [1] Group 2: Strategic Focus - The venture capital group will focus on key industries such as optoelectronic information, biomedicine, integrated circuits, and intelligent manufacturing [1] - Future industry directions will include artificial intelligence, humanoid robots, and quantum technology [1] Group 3: Operational Mechanism - The group will implement market-oriented decision-making mechanisms, incentive systems, and operational models [1]

[新剑]IPO的消息，已刷屏行业圈，相关解读以及"新剑链"不是本文重点，已先放星球。 2026年1月，Optimus定型在即，特斯拉发包中， T链们陆续开启北美行，核心标的越发明朗！ 对于T链们而言，去年12月份炒的点是审厂和"定点"（订单），1月份炒作的点是获得发包和前往北美沟通的标的 们（定点）。 从审厂到发包，诸多T链标的于去年12月份获得明确量产指引，订单、"定点"等利好资讯不断；同时，伴随12月 底发包预期催化，在2025年终之际，T链们迎来主升行情。 温馨提示 ： 点击下方图片，查看运营团队最新原创报告（共260页） 说明： 欢迎约稿、刊例合作、行业交流 ， 行业交流记得先加入 "机器人头条"知识星球 ，后添加（ 微信号：lietou100w ）微 信； 若有侵权、改稿请联系编辑运营（微信：li_sir_2020）； 正文： 注： 小编12月盘点文章 Optimus量产前夕，"新T链"们，来了！ 有对Optimus进展、T链走势、核心标的进行详细梳理。 接下来，小编在去年12月基础上，聊一下1月份首个交易周T链们走势和核心标的最新进展： T链们走势： 回顾今年1月份首个交易周（1月5日-9日）， ...

来源：钛媒体 图片来源：网络 钛媒体独家获悉，人形机器人头部公司"加速进化"（Booster Robotics）完成新一轮超亿元融资，由IDG资本领投，亦庄国投跟投，老股东源码资本、英诺天 使基金、深创投集团、博华资本等多家一线机构与政府基金持续加注。 值得注意的是，"加速进化"（Booster Robotics）是IDG资本在人形机器人赛道领投的首家企业。 资金将主要用于产品研发升级、规模化量产交付及生态平台服务建设。此前，公司已于今年6月、7月连续完成两轮融资，A轮系列融资金额已近5亿元。此 次再获加持，进一步印证其技术路径与商业化潜力获市场深度认可。义柏资本连续5轮担任独家财务顾问，并将持续长期为公司提供财务顾问服务。 日前正式发布新品Booster K1，首批产品上线后20分钟即售罄，并采取"真交付"的销售模式。截至目前，加速进化人形机器人全球累计出货量已突破700台， 覆盖200余家海内外客户，涵盖顶尖科技企业、科研院校、K12学校、知名赛事战队及商业展演等领域，其中海外市场占比超50%。 今年三季度，公司全球交付量显著增长。为应对爆发式的市场需求，加速进化进一步全面优化生产体系，预计明年产能将跃升 ...