2月2日复盘笔记：电网设备/光通信/光纤/AI应用/算力/白酒/商业航天等 ①商务部等9部门印发《2026"乐购新春"春节特别活动方案》，其中提到，鼓励金融机构与重点商户合作，策划春 节专属活动，推出消费红包、消费立减等优惠。 ②2月2日，阿里巴巴旗下。 春节期间，千问APP将联合淘宝闪购、飞猪、大麦、盒马、天猫超市、支付宝等阿里生态业务，以免单形式请全 国人民在春节期间吃喝 2月2日复盘笔记：电网设备/光通信/光纤/AI应用/算力/白酒/商业航天等 ①商务部等9部门印发《2026"乐购新春"春节特别活动方案》，其中提到，鼓励金融机构与重点商户合作，策划春 节专属活动，推出消费红包、消费立减等优惠。 ②2月2日，阿里巴巴旗下。 春节期间，千问APP将联合淘宝闪购、飞猪、大麦、盒马、天猫超市、支付宝等阿里生态业务，以免单形式请全 国人民在春节期间吃喝玩乐。 ③。 ①Meta将在公众号小牛研报纪要2030年前向康宁支付60亿美元，用于购置其AI数据中心用的光纤光缆。 此前据光电通信，2025年第四季，国内G.652.D光纤含税价平均约为25元/芯公里，较2025年第二季度的20元/芯公 里环比增长约25%。 ②微 ...

②泛AI-腾讯元宝2月1日开启新春活动，分10亿元现金红包，阿里等开启春节AI应用"流量大战"；（群兴玩具、城 地香江、汉得信息、蓝色光标、值得买、亚康股份、利通电子、宏景科技等） ③算力/智能电网-大量变压器工厂已经处于满产的状态，其中部分面向数据中心的业务订单都排到了2027年；(算 力/航宇微、顺灏股份、亚康股份、利通电子、浙文互联、润泽科技等；智能电网/三变科技、航天科技、保变电 气、汉缆股份、电科院、森源电气等) ④机器人-追觅科技、银河通用、魔法原子机器人等成为总台《2026年春节联欢晚会》战略合作伙伴；特斯拉官微 称，第三代特斯拉人形机器人即将亮相，预计年产百万台；（昊志机电、天奇股份、三花智控、兆威机电、拓普 集团、恒立液压、五洲新春、中大力德等） 周一舆情热度20260202 ①商业航天-央视新闻，"十五五"时期，将谋划推动太空旅游、太空数智基础设施、太空资源开发、太空交通管理 等新领域发展；SpaceX正在申请发射并运营一个由至多100万颗卫星组成的星座；（航宇微、天银机电、航天科 技、顺灏股份、昊志机电、信维通信、乾照光电等） 周一舆情热度20260202 ①商业航天-央视新闻，"十五五 ...

2月3日早盘，CPO光模块大反攻，致尚科技20CM涨停，天孚通信猛涨超11%再创历史新高，长芯博 创、光库科技、太辰光等多股涨超8%，中际旭创、新易盛涨超3%。创业板人工智能ETF（159363）场 内反包大涨4%，成交额环比放量明显，近两日吸金1.5亿元！ | 分时 多日 1分 5分 15分 30分 · | | | | | | | F9 盘前盘后 图加 九的 画班 工具 (2 > | | | 创业板人工智能ETF华宝 | 159363 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 1,152 | | | | 159363(创业板人工智能ETF和空室) 09:41 价 1.150 混映 0.043(3.88%) 均价 1.144 版. | | | | D 4.0735 | 1.150 | | +0.043 +3.88% | | | | | | | | | | | | SZSE CNY 9:41:18 交易中 | 通用/ # + | | | | | | | | | | 2.71% | 净值击势 | | ...

Important Matters - Haoshi Electromechanical has delivered samples of core products such as harmonic reducers and planetary reducers to certain humanoid robot manufacturers, resulting in small batch orders [1] - Aorui De's subsidiary plans to invest approximately 145 million yuan in computing power equipment, primarily for server procurement [1] - Gree Electric is focusing on research related to aluminum-to-copper technology but currently has no plans for aluminum-to-copper applications [1] - Longfly Fiber's global optical fiber and cable industry market environment is normal, with data center-related products accounting for a small proportion of total demand [1] - Hikvision reports that the price increase of hard disks has a slight positive contribution to the company's net impact [1] - Purun Co. will consider market supply and production costs for future product price adjustments [1] - Changchun High-tech's subsidiary GS3-007a dry mixed suspension drug registration clinical trial application has been accepted [1] - Litong Electronics is still in the early discussion stage for liquid cooling product development, with no AI data center project in Malaysia [1] - Rundu Co. has uncertainty regarding the approval of its innovative drug, hydrochloride dextromethorphan injection [1] - Science plans to engage in molybdenum processing and sales, while also investing in equipment for the recovery of rhenium resources during processing [1] Capital Operations - Hongxiang Co. intends to transfer 100% equity of Nantong Hanlan to Fujian Mingao [1] - Aorui De's subsidiary plans to invest approximately 145 million yuan in computing power equipment, primarily for server procurement [1] - Jichuan Pharmaceutical's wholly-owned subsidiary has signed an exclusive commercialization cooperation agreement [1] - XGIMI Technology plans to repurchase shares worth 50 million to 100 million yuan for employee stock ownership plans or equity incentives [1][2] Performance - Shanghai Yizhong reported a net profit growth of 819.42% year-on-year for 2025, with core products included in medical insurance [2] - Lianyun Technology's net profit for 2025 is expected to grow by 20.36%, benefiting from the recovery of the storage industry and increased AI demand, with growth in PCIe 3.0/4.0 and enterprise-level SATA main control chip shipments [2] Buybacks - Lexin Technology plans to repurchase shares worth 50 million to 100 million yuan, with a repurchase price not exceeding 170.29 yuan per share for employee stock ownership or equity incentives [2] - XGIMI Technology also plans to repurchase shares worth 50 million to 100 million yuan, with a repurchase price not exceeding 159.51 yuan per share for employee stock ownership plans or equity incentives [2]

Core Viewpoint - The adjustment of the VAT tax category for telecom services will significantly impact the net profits of the three major telecom operators in China, potentially exceeding 10 billion yuan in 2026 [1][4]. Group 1: Tax Adjustment Impact - The Ministry of Finance and the State Taxation Administration announced that from January 1, 2026, the VAT rate for telecom services will increase from 6% to 9%, affecting mobile data, SMS, and broadband services [1]. - Independent telecom analyst estimates that this VAT adjustment could lead to a combined net profit impact of over 10 billion yuan for the three major operators in 2026 [2][4]. - The three major operators have not disclosed the specific extent of the impact on their revenues and profits [1][2]. Group 2: Market Reaction - Following the announcement, shares of China Mobile, China Unicom, and China Telecom experienced declines of 3.86%, 5.48%, and 4.33% respectively on February 2 [2]. - The adjustment affects significant revenue streams, including mobile data services, SMS, and broadband access, which are crucial to the operators' business [2]. Group 3: Future Business Directions - The three operators outlined their future business focus areas, emphasizing digital intelligence, computing power, and service enhancement as key growth drivers [5][6]. - China Telecom plans to implement a comprehensive strategy focusing on cloud and AI integration, while China Mobile aims to strengthen its communication and intelligent services [5][6]. - China Unicom is focusing on core areas such as connectivity, computing power, and security to enhance operational efficiency and achieve sustainable development [6]. Group 4: Emerging Business Trends - The telecom industry is seeing growth in emerging business areas such as cloud computing, big data, and mobile IoT, with revenues from these sectors reaching 450.8 billion yuan in 2025, a 4.7% increase from the previous year [6]. - The share of emerging business revenues in total telecom income rose from 25% to 25.7%, contributing to a 1.2 percentage point increase in overall telecom revenue growth [6].

Core Viewpoint - The adjustment of the VAT tax category for telecom services will significantly impact the revenues and profits of the three major telecom operators in China starting from January 1, 2026, with an estimated net profit impact exceeding 10 billion yuan [1][4]. Group 1: Tax Adjustment Impact - The Ministry of Finance and the State Taxation Administration announced that the VAT rate for telecom services will increase from 6% to 9% [1]. - Independent telecom analyst estimates that the net profit impact on the three major operators could exceed 10 billion yuan in 2026 [2][4]. - The three major operators (China Mobile, China Unicom, China Telecom) have not disclosed specific details regarding the extent of the impact on their financial performance [1][2]. Group 2: Market Reaction - Following the announcement, shares of the three major telecom operators experienced declines: China Mobile down 3.86% to 92.66 yuan, China Unicom down 5.48% to 4.83 yuan, and China Telecom down 4.33% to 5.74 yuan [2]. Group 3: Business Revenue Breakdown - The adjustment affects key telecom services including mobile data, SMS, and broadband access, which are crucial to the operators' business [3]. - In 2025, the total telecom business revenue is projected to reach 1.75 trillion yuan, with significant contributions from mobile data and broadband services [3]. Group 4: Future Business Directions - The three operators have outlined their future business strategies focusing on digital intelligence, computing power, and service enhancement [5][6]. - China Telecom aims to implement a comprehensive strategy for cloud and digital transformation, while China Mobile focuses on strengthening communication and intelligent services [5][6]. - China Unicom emphasizes building differentiated advantages in connectivity, computing power, and security [6].

Company Announcements - Litong Electronics clarifies that its liquid cooling product development is still in the early discussion stage, and it does not have specific plans for product development or production [2] - Changfei Fiber announces that the global fiber optic cable market environment is normal, and new products related to data centers account for a small proportion of total demand [2] - Rundu Co., Ltd. has a Class 1 innovative drug, but the approval for its injection product remains uncertain [3] - Aorui De plans to invest approximately 145 million yuan in purchasing computing power equipment [3] Investment & Contracts - Jichuan Pharmaceutical's wholly-owned subsidiary has signed an exclusive commercialization cooperation agreement with Beijing Puqi Pharmaceutical Technology Co., Ltd. [4] Equity Changes - Hongxiang Co. plans to transfer 100% equity of Nantong Hanlan to Fujian Mingao for a total price of 120 million yuan, which will help resolve historical debt issues [5] Share Buybacks - Lexin Technology plans to repurchase shares with a total amount between 50 million and 100 million yuan for employee stock ownership or equity incentive [6] - XGIMI Technology also plans to repurchase shares with a total amount between 50 million and 100 million yuan for employee stock ownership or equity incentive [7] Business Performance - Chip导科技 reports a revenue of 394 million yuan for 2025, with a net profit of 106 million yuan, reflecting a 4.91% decrease year-on-year [8] - Sainz plans to engage in molybdenum processing and sales, aiming to recover rhenium [9] - Shenghe Resources announces the unilateral termination of its strategic cooperation with ETM, and it will take legal measures to protect its rights [10] - Lianyun Technology reports a net profit growth of 20.36% for 2025, driven by increased demand for storage products [10] - Shanghai Yizhong reports a staggering net profit growth of 819.42% for 2025, attributed to the inclusion of its core product in the national medical insurance directory [11] Other News - Beiyinmei's controlling shareholder's restructuring plan has been approved by the creditors' meeting, which may lead to changes in shareholder equity [12] - Changchun High-tech's subsidiary has received acceptance for a clinical trial application for a new drug [13][14] - Dingxin Communications' vice president has been warned and fined for suspected short-term trading of company stock [15]

Group 1 - The core business of the company is to provide power equipment, solutions, and operation and maintenance services [1] - The company has a complete product chain including complete switchgear, transformers, and power capacitors [2] Group 2 - The stock has strong concepts including UHV (Ultra High Voltage), computing power centers, overseas orders, and share buybacks [3] - The company has won contracts worth 137 million yuan in the UHV sector, which is expected to contribute 2.76% to the 2024 revenue [3] - In the computing power sector, the company has developed intelligent busbars and integrated power modules, with ongoing projects for major clients [3] - The company has signed overseas projects in Malawi, Namibia, and Germany, accelerating its international expansion [3] - The share buyback price limit has been raised from 14.65 yuan to 19.63 yuan, with a total amount of 10 to 20 million yuan planned for employee stock ownership or equity incentives [4] Group 3 - The stock has seen a price increase of 21% over two trading days, supported by a bullish technical outlook and a net inflow of 51.286 million yuan from main funds [5] - The stock is expected to maintain upward momentum in the short term, warranting close attention [5]

据Wind数据统计，截至1月31日，共有3057家上市公司披露业绩预告。预喜的上市公司共有1638家，占比53.6%；预盈 的上市公司共有1518家。分行业看，有色金属、非银金融等行业紧抓周期性机会业绩优异，硬件设备、半导体、汽车 与零配件等新动能产业表现亮眼，以钢铁为代表的传统产业利润结构持续优化。 彭博社近日发文称，根据法国巴黎银行(BNP Paribas SA)的一项年度调查，有14%的投资者计划在2026年向中国基金注 入更多资金；越来越多的全球投资者计划向专注于中国的对冲基金增加投资，与三年前的撤资潮形成了鲜明对比。 与此同时，2月券商金股名单也陆续出炉，主要集中在电子、机械设备、有色金属等行业。个股方面，海光信息、腾 讯控股、中国太保、紫金矿业的人气最高。展望2月，券商普遍认为，春季行情趋势仍将延续，科技成长、顺周期板 块受到青睐。 BNP全球资本引入伦敦负责人Marlin Naidoo在接受采访时表示："中国市场的转折点故事确实从去年开始出现，而且今 年似乎还会更加强烈。" 部分基金经理认为，当前半导体行业仍处于本轮景气度的上行加速期，在结构性供需失衡的背景下，算力、存储、光 模块与全球半导体设 ...

格隆汇2月2日丨奥瑞德(600666.SH)公布，根据公司日常经营需要，公司控股子公司深圳市智算力数字 科技有限公司（称"深圳智算力"）拟投资购买算力设备向客户提供服务，项目投资约1.45亿元，资金主 要用于采购服务器、组网设备及配件等。 ...