责任编辑：宋雅芳 专题：2026年度国际消费电子展(CES) 新浪科技讯 2026 年美国CES展会期间，人形机器人公司Sharpa发布首款全身机器人 North。 在 CES 2026 现场，North 进行了四项完全自主的现场演示。在乒乓球对打中，North 的反应时间仅为 0.02 秒；它能够以约 2 毫米的精度即时拍照；还能通过多模态推理进行发牌操作，实时整合视觉与语言 输入。此外，North 还完成了一项包含 30 多个步骤的纸风车手工制作任务，在整个过程中持续保持稳 定的手—眼—触觉协同，并在长时间任务执行中维持高度精准的操作表现。该纸风车演示被认为是迄今 为止公开展示中，机器人完成的最长连续自主精细操作序列之一。 North 在拉斯维加斯的亮相展示了 Sharpa 认为"真正让全身机器人具备实用价值"的一组关键能力：类似 人类的上半身运动范围，覆盖从颈部到腰部、从肩部到手腕；在高接触密度操作中的可靠表现，例如从 一整副扑克牌中精准抽取单张卡片；在长时间、多场景任务中持续保持高成功率，而非一次性的孤立演 示 这些能力的实现，得益于 Sharpa 的专有神经网络模型、先进的运动学与动力学优化技术，以 ...

我国稀土产业整体呈现量价齐升的态势。海关总署数据显示，2025年11月我国稀土出口数量达5493.9 吨，24年11月出口4416吨，同比增幅达24.4%；1-11月稀土累计出口58193.1吨，24年同期累计出口 52,105吨，同比增长11.7%。同时，11月稀土出口均价为0.90万美元/吨，相比去年11月出口均价0.83万美 元/吨，有明显提升。 供给端，稀土开采和稀土冶炼分离总量调控管理办法落地，中长期供给无虞，国内稀土指标增速放缓使 供给增幅大幅落后于需求扩张；需求端，机器人、低空经济、军工等产业发展带动需求释放，供需两端 共振向好，我国具备全球优势的稀土产业链在国际经贸斗争背景下展现出巨大战略价值，全年来看稀土 产业有望保持业绩高增。 金田股份：布局磁性材料业务超20年 首批获得稀土永磁通用出口许可证 金田股份聚焦有色金属加工领域39年，向下游诸多支柱型、科技类产业及先进生产力领域提供关键基础 材料支持，形成了以铜及铜合金材料、稀土永磁材料为核心的多品类细分产品矩阵，是国内产业链最完 整、品类最多、规模最大的铜及铜合金材料生产企业之一，也是国内稀土磁材行业中技术较高、产品体 系完善的企业之一，稀土 ...

分红方面，三花智控A股上市后累计派现88.25亿元。近三年，累计派现36.39亿元。 机构持仓方面，截止2025年9月30日，三花智控十大流通股东中，香港中央结算有限公司位居第四大流 通股东，持股1.66亿股，相比上期减少1041.39万股。华泰柏瑞沪深300ETF（510300）位居第五大流通 股东，持股3813.62万股，相比上期减少164.91万股。易方达沪深300ETF（510310）位居第六大流通股 东，持股2756.18万股，相比上期减少87.50万股。广发国证新能源车电池ETF（159755）位居第七大流 通股东，持股2308.45万股，为新进股东。华夏沪深300ETF（510330）位居第八大流通股东，持股 2056.73万股，相比上期减少28.61万股。嘉实沪深300ETF（159919）位居第十大流通股东，持股 1772.58万股，相比上期减少24.64万股。 资料显示，浙江三花智能控制股份有限公司位于浙江省绍兴市新昌县澄潭街道沃西大道219号三花工业 园区办公大楼,香港湾仔皇后大道东183号合和中心46楼，成立日期1994年9月10日，上市日期2005年6月 7日，公司主营业务涉及浙江三 ...

格隆汇1月12日丨国机精工(002046.SZ)在投资者互动平台表示，公司尚未与人形机器人本体公司建立业 务合作关系。 ...

情绪影响：正面 国际电信联盟官网披露的最新数据显示，2025年12月，我国共向ITU申报了总数超20万颗的超大规模卫 星星座部署规划，创下我国卫星星座申报数量的新纪录。专家称，中国移动、垣信卫星等多家商业主体 也在此次申请中布局千颗级乃至万颗级星座，卫星频轨资源申请已上升至国家战略层面。 2、全国商务工作会议：培育服务消费新增长点，优化消费品以旧换新政策实施 盘前要闻 1、申请数量超20万颗！我国申报卫星星座数量创下新纪录 类型：行业 类型：行业 情绪影响：正面 全国商务工作会议近期在京召开，会议指出，2026年全国商务系统要重点做好八个方面工作，包括加快 培育服务消费新增长点，优化消费品以旧换新政策实施等。会议明确，今年将深入实施提振消费专项行 动，打造"购在中国"品牌。发展数字消费、绿色消费等，激发下沉市场消费活力。 3、出口退税取消叠加自律机制调整，市场化下光伏产业链面临价值重估 类型：行业 情绪影响：中性 财政部和国家税务局宣布，自2026年4月1日起，取消光伏等产品增值税出口退税，标志着行业进入"无 退税补贴"阶段。此外，业内传闻行业自律被官方约谈叫停。市场对此反应剧烈，多晶硅主力合约大幅 下跌。出 ...

Market Dynamics - The National Internet Information Office has drafted regulations for personal information collection by apps, requiring clear user consent withdrawal methods and verification of app operators' identities [1] - The National Healthcare Security Administration has initiated a pilot program for "Personal Medical Insurance Cloud" from February to December 2026, aiming to create a smart healthcare management model [1] - The Ministry of Finance and the State Taxation Administration announced the cancellation of VAT export tax rebates for photovoltaic products starting April 1, 2026, and a reduction in the rebate rate for battery products from 9% to 6% until the end of 2026 [2] - The consumer electronics sector is experiencing a price increase due to rising storage costs, with major brands like Lenovo, Dell, and HP raising laptop prices by 500 to 1500 yuan, and domestic smartphones increasing by 100 to 600 yuan [2] - China has applied for frequency resources for over 200,000 satellites, indicating a strategic national interest in satellite technology [2] Company Updates - Defu Technology plans to acquire at least 51% of Huiru Technology through cash purchase and capital increase, focusing on high-performance electrolytic copper foil production [5] - Tianpu Co. announced that it has no artificial intelligence technology or personnel reserves, leading to the resumption of its stock trading [5] - Xinjian Transmission, a first-tier supplier in the humanoid robot industry, has initiated IPO counseling with plans for evaluation between April and May 2026 [6] - Jushi Chemical received a notice of administrative penalty for inflating revenue and profits through false trade practices, with a total penalty amounting to 6.7 million yuan [6] - Huate Gas shareholders plan to reduce their holdings by up to 2% through block trading from February 4 to April 30, 2026, due to personal funding needs [7] - Hangyu Technology plans to sell up to 752,800 repurchased shares within six months, with proceeds aimed at supplementing working capital [8]

Core Viewpoint - The A-share market is experiencing a significant upward trend, with the Shanghai Composite Index breaking through 4100 points and achieving a historical 16 consecutive days of gains, driven by sectors such as commercial aerospace, controllable nuclear fusion, brain-computer interfaces, humanoid robots, and resource stocks [1][11]. Group 1: Market Trends - The current market rally is attributed to concentrated inflows from previously cautious funds, with a notable focus on thematic stocks and small-cap stocks rather than traditional allocation strategies [3][13]. - Short-term market sentiment remains high, with no signs of weakening emotional indicators, suggesting that the upward trend in thematic and small-cap stocks may continue until after the Two Sessions [3][13]. - The market is currently characterized by a high level of trading activity, with a significant increase in transaction volume, indicating strong investor confidence [16]. Group 2: Sector Recommendations - Analysts recommend focusing on sectors with high cost-performance ratios, particularly those benefiting from external demand recovery, such as gaming, duty-free, batteries, engineering machinery, and agricultural chemicals [4][14]. - The commercial aerospace sector is highlighted as a key area for investment, with expectations of continued upward momentum despite potential short-term profit-taking pressures [19]. - The resource sector, particularly traditional manufacturing, is advised for increased allocation, with a focus on enhancing pricing power [3][13]. Group 3: Future Outlook - February is anticipated to be a favorable period for the market, with historical data suggesting that significant trading volumes often lead to sustained upward trends [16]. - The market is expected to enter a phase of basic performance evaluation after the annual report disclosures in January, which may provide opportunities for investors to capitalize on growth potential [17]. - The overall sentiment indicates that the upward potential in the market outweighs the risks, with a focus on sectors that align with long-term growth trends, such as AI and semiconductor industries [20].

每经记者｜杨建 每经编辑｜彭水萍 （一）重要市场新闻 1月10日，据上海证券报，记者查询国际电信联盟（ITU）官网获悉，我国2025年12月向ITU申请了超20 万颗卫星的频轨资源。其中超19万颗卫星来自近期刚刚成立的无线电创新院。记者采访上海社会科学院 信息研究所副所长丁波涛及头部商业卫星公司的专家了解到，这意味着卫星频轨资源申请已上升至国家 战略层面。 （三）避雷针 1、华特气体：公司发布公告，公司股东厦门华弘多福投资合伙企业（有限合伙）、厦门华和多福投资 合伙企业（有限合伙）、厦门华进多福投资合伙企业（有限合伙）拟于2026年2月4日至2026年4月30日 期间，通过大宗交易方式减持公司股份，合计减持不超过240万股，占公司总股本的比例不超过2%。 2、美迪凯：公司发布公告，持股5.0346%的股东香港豐盛佳美（國際）投資有限公司计划减持股份不 超过410.93万股，即不超过总股本的1%，均通过集中竞价方式减持，减持价格按市场价格确定。 点评：随着太空资源竞争日益激烈，卫星互联网已成为全球科技竞争的新高地。未来太空经济将会成为 一个新的产业领域，涉及到卫星通信、卫星导航、卫星遥感、太空旅游等多个方面。星 ...

Group 1 - The A-share market is experiencing a year-end rally with accelerated rotation of hot sectors, including commercial aerospace, brain-computer interfaces, storage chips, controllable nuclear fusion, and photoresist [1][3] - In December 2025, a total of 155 public fund institutions participated in A-share research, with Huaxia Fund leading with 100 research sessions [1][7] - Notably, stocks with multiple hot concepts have shown significant price increases, resulting in several "double stocks," while some stocks have experienced rapid declines due to short-term speculation [1][8] Group 2 - The brain-computer interface concept stock, Entropy Technology, has been the most researched since the beginning of 2026, attracting 132 institutions, including 36 public funds [3] - Superjet Co., involved in commercial aerospace, has also gained attention, with 109 institutions participating in its research sessions, focusing on its rocket structure component production line [4] - Guanglian Aviation, a leading private enterprise in aerospace equipment structure, has attracted 79 institutions for its research, emphasizing its participation in national projects [4] Group 3 - Companies like Dineike, focusing on smart home and medical communication devices, have attracted 60 institutions, with interest in their brainwave interaction technology [5] - Other notable companies include Guojijiang Precision Engineering and Tangyuan Electric, which are involved in commercial aerospace and robotics, respectively, attracting significant institutional interest [5] - Prior to the year-end rally, institutions had already begun research layouts, with 71 public institutions conducting at least 20 research sessions each in December 2025 [7] Group 4 - Since December 2025, several stocks have shown strong performance, with Superjet Co. and Hualing Cable seeing price increases of over 150%, while others like Guanglian Aviation and Haoshi Electromechanical have risen over 120% [8] - Conversely, some stocks, such as Tianming Technology, have experienced significant price corrections due to clarifications regarding their business focus, leading to a nearly 20% decline in early January 2026 [8]

Group 1 - The A-share market experienced a strong start in the first trading week of 2026, supported by improved macro expectations and ample liquidity, with major indices trending upwards [1] - The satellite and semiconductor equipment sectors led the market, with the satellite ETF tracking the China Satellite Industry Index achieving a weekly increase of 22.46%, indicating strong investor interest in these strategic emerging industries [1][2] - Multiple ETFs related to semiconductor materials and equipment also saw significant gains, with several products exceeding a 17% weekly increase, reflecting optimism driven by domestic control and global semiconductor cycle recovery [2] Group 2 - Despite the impressive performance of thematic ETFs, investors also focused on balanced allocations through broad-based indices and Hong Kong assets, with the Guangfa CSI Hong Kong Stock Connect Non-Bank Financial ETF seeing a net inflow of over 3.7 billion yuan, highlighting interest in the Hong Kong financial sector [2][3] - The overall market saw significant trading activity, with the total trading volume of ETFs tracking the CSI A500 index surpassing 300 billion yuan, indicating high investor engagement in this representative index of China's new economy [3] - Technology growth and core assets emerged as focal points for many public fund institutions, with expectations for continued strength in the technology sector driven by breakthroughs in AI, humanoid robots, and innovative pharmaceuticals [4]