Market Overview - The A-share market experienced a collective adjustment, with the Shanghai Composite Index rising by 0.09%, while the Shenzhen Component Index fell by 0.85%, and the ChiNext Index decreased by 0.91% [1] - The total trading volume in the three markets reached 32,806 billion yuan, an increase of 1,625 billion yuan compared to the previous day, with over 3,700 stocks declining [1] Sector Performance - The sectors that saw gains included gold, non-ferrous metals, animal vaccines, insurance, oil and gas extraction and services, chemicals, and pork, with significant increases [1] - Conversely, sectors that faced declines included commercial aerospace, large aircraft, military equipment, photolithography machines, semiconductors, robotics, and quantum technology, with notable losses [1] Notable Stocks and Events - International gold prices surpassed 5,000 USD for the first time, leading to a surge in gold stocks, with companies like Western Gold and Zhaojin Gold hitting the daily limit [1] - The recent Nipah virus outbreak in India caused a collective rise in the biopharmaceutical vaccine sector, with stocks like Hualan Biological and Zhijiang Biological also reaching the daily limit [1] - Oil and gas stocks performed actively, with China National Offshore Oil Corporation reaching a historical high during trading [1] - Other sectors such as chemicals, insurance, and pork also showed positive performance during the trading session [1] - On the downside, the commercial aerospace sector saw a collective downturn, with companies like Haige Communication and Shenjian Co. hitting the daily limit down [1] - The semiconductor equipment sector also performed poorly, with companies like Zhichun Technology facing a limit down [1]

期货日报网讯北京市十六届人大四次会议1月25日开幕。北京市市长殷勇作政府工作报告。报告提出， 2025年，北京市地区生产总值5.2万亿元、增长5.4%、高于全国0.4个百分点，一般公共预算收入增长 4.8%，城镇调查失业率4.1%，居民人均可支配收入实际增长4.4%，居民消费价格总体平稳，人均地区 生产总值、全员劳动生产率和万元地区生产总值能耗、水耗、碳排放等多项指标保持全国省级地区最优 水平。 报告提到，2025年，北京数字经济增加值增长8.7%。金融服务实体经济能效不断提升，北京证券交易 所上市公司达288家、总市值超8600亿元。 报告提到，北京市将全面实施"人工智能+"行动，建设国家人工智能应用中试基地，推进未来产业先导 区建设，培育6G、量子科技、生物制造等新增长点；推动传统产业提质升级，促进制造业数智化转 型。 在提高都市型现代农业质量效益方面，报告提到，建设高标准农田12万亩，确保粮食播种面积稳定在 100万亩以上、蔬菜产量稳定在200万吨左右。稳妥推进二轮土地承包到期后再延长30年试点，激励各类 人才下乡服务和创业就业，发展乡村旅游等富民产业，培育北京优农品牌，壮大新型农村集体经济，千 方百计 ...

Investment Rating - The report does not explicitly provide an investment rating for the industry Core Insights - The report highlights significant advancements in various technology sectors, including distributed quantum sensing, advanced semiconductors, and artificial intelligence, indicating a robust growth trajectory in these fields Summary by Sections 1. Financing Overview - During the period from January 17 to January 23, 2026, a total of 127 financing events occurred in the technology sector globally, with 93 in China and 34 abroad. The leading sectors in domestic financing were advanced manufacturing (58 events), artificial intelligence (17 events), and enterprise services (12 events) [9] 2. IPO Updates - Extreme Vision submitted a prospectus to the Hong Kong Stock Exchange for a mainboard listing, focusing on AI visual technology solutions for various industries [12] - Keda Intelligent also submitted a prospectus for a mainboard listing, aiming to drive digital and intelligent upgrades in China's energy system through AI technology [15] - Yundong Intelligent filed for a mainboard listing, providing vehicle communication and emergency call solutions [18] - Huarui Technology submitted a prospectus for a mainboard listing, specializing in machine vision and autonomous mobile robots [22] - Jiu Wu Intelligent filed for a mainboard listing, focusing on intelligent robotic solutions for industrial scenarios [25] 3. Market Performance Tracking - The report notes a mixed performance in the stock market, with the Shanghai Composite Index rising by 0.84% and the Shenzhen Component Index increasing by 1.11%, while the ChiNext Index fell by 0.34% [28] - The semiconductor index saw a weekly increase of 2.57%, while the automotive electronics and artificial intelligence indices rose by 0.98% and 1.51%, respectively [28] - The report indicates a high turnover rate for the semiconductor and artificial intelligence indices, with turnover rates of 27.7% and 15.4% [28] 4. Advanced Semiconductor Developments - The University of Chicago introduced a high-throughput computation method for electric polarization in solids, addressing challenges in calculating effective polarization [36] - BITS Pilani and the National Autonomous University of Mexico reported a method for healing defect states in monolayer MoSe2 through oxygen passivation, significantly improving its photoresponsivity [43] - The Shanghai Institute of Technical Physics developed a high-performance exciton-polariton photodiode, achieving nearly 100% internal quantum efficiency [47]

中原期货研究咨询部 0371-58620083 晨会纪要 公司官方微信 1 中原期货研究咨询部 | 化工 | 主力合约 | 2026/1/26 | 2026/1/25 | 涨跌 | 涨跌幅/% | | --- | --- | --- | --- | --- | --- | | | | 8:00 | 15:00 | | | | | 焦煤 | 1,143.00 | 1,157.00 | -14.0 | -1.210 | | | 焦炭 | 1,709.50 | 1,722.00 | -12.50 | -0.726 | | | 天然橡胶 | 16,255.00 | 16,315.00 | -60.0 | -0.368 | | | 20号胶 | 13,070.00 | 13,095.00 | -25.0 | -0.191 | | | 塑料 | 6,930.00 | 6,865.00 | 65.0 | 0.947 | | | 聚丙烯PP | 6,718.00 | 6,656.00 | 62.0 | 0.931 | | | (PTA) | 5,410.00 | 5,448.00 | -38.0 | -0.698 | | | ...

国家知识产权局近日发布中国2025年知识产权情况，截至2025年底，中国国内发明专利有效量达到532 万件，每万人口高价值发明专利拥有量达到16件。专利密集型产业增加值占GDP比重升至2024年的 13.38%，超额完成知识产权"十四五"规划预期目标。2025年，全国共授权发明专利97.2万件，实用新型 专利146.1万件，专利复审和无效结案9.6万件。截至2025年底，全球前5000个品牌中，中国品牌价值达 1.81万亿美元，位居全球第二。 知识产权，是"基于创造成果和工商标记依法产生的权利的统称"，最主要的三种知识产权是著作权、专 利权和商标权，其中专利权与商标权也被统称为工业产权。"每万人口高价值发明专利拥有量"是国 家"十四五"规划中衡量创新产出的一个重要指标。设置这个指标主要是强化专利的质量导向，引导发明 专利从追求数量向提高质量转变。 截至2025年底，中国国内高价值发明专利拥有量达到229.2万件，占国内有效发明专利总量的比重达到 43.1%，较"十三五"末提高2.9个百分点。这表明中国专利结构正在向优转变，技术含量更高、市场价值 更高、权利状态更加稳定的发明专利占比不断提升。同时，高价值发明专 ...

本报讯 （记者时斓娜） 近日，国新办举行新闻发布会，介绍2025年知识产权工作进展情况。记者从会 上获悉，截至2025年底，我国国内（不含港澳台）发明专利有效量达到532万件，每万人口高价值发明 专利拥有量达到16件，我国专利密集型产业的增加值突破18万亿元。 （来源：工人日报） 国家知识产权局副局长芮文彪在会上介绍，数据反映出2025年我国创新质量持续提升。我国国内（不含 港澳台）有效发明专利中，高价值发明专利同比增速比总体水平高2.2个百分点，数量达到229.2万件。 信息技术管理方法、计算机技术、医学技术等领域的有效发明专利增速最快，人工智能专利有效量居全 球前列，在量子科技、生物制造、脑机接口、第六代通信等未来产业布局了一批关键核心技术专利，有 力促进了高水平科技自立自强。 同时，知识产权效益加速显现。最新数据显示，我国专利密集型产业增加值占GDP的比重从2020年的 11.97%提升到2024年的13.38%，对经济增长的贡献度稳步提高。全球前5000个品牌中，我国品牌价值 达1.81万亿美元，位居全球第二。地理标志产品直接年产值接近1万亿元，实现五连增，成为特色产业 增收致富的"金名片"，有效助力 ...

Core Viewpoint - The 2026 Future Industries New Materials Expo (FINE 2026) aims to lead global innovation in new materials, emphasizing their critical role in the transformation of high-tech industries and the future economy [1][2]. Group 1: Event Overview - FINE 2026 will take place from June 10 to June 12, 2026, at the Shanghai New International Expo Center, featuring a total exhibition area of 50,000 square meters and over 800 exhibitors [12][34]. - The expo will include more than 300 strategic and cutting-edge technology reports, showcasing innovations applicable to various industries such as AI, aerospace, smart vehicles, and renewable energy [2][20]. Group 2: Focus Areas - The event will focus on five common demands of future industries: advanced semiconductors, advanced batteries, lightweight functional materials, low-carbon sustainability, and thermal management [2][10]. - Six thematic exhibition areas will be established, including advanced semiconductors, advanced batteries and energy materials, thermal management, lightweight and sustainable materials, new materials technology innovation, and future smart terminals [12][15]. Group 3: Participation and Audience - FINE 2026 is expected to attract over 100,000 professional visitors, including industry leaders and investors, facilitating precise connections between enterprises and industry resources [34][35]. - The event will invite over 5,000 industry investors to support quality startups and enhance collaboration opportunities [10][35]. Group 4: Supporting Organizations - The expo is organized by DT New Materials, in collaboration with various associations and institutions, including the China Productivity Promotion Center and the Ningbo New Materials Industry Association [4][5]. - The event will leverage the extensive network of DT New Materials, which has established connections with over 200,000 professionals across various sectors [10]. Group 5: Historical Context - FINE 2026 builds on the success of previous events, including the 2025 International Carbon Materials Expo and the 2025 Thermal Management Expo, which collectively attracted over 35,000 professional visitors from 27 countries [7][34]. - The previous events set a historical high with a total exhibition area of nearly 40,000 square meters and over 500 exhibitors [7].

Group 1: Quantum Technology - The report highlights significant advancements in quantum error correction technology, with Zhejiang University and Tsinghua University demonstrating low-overhead quantum error correction codes, effectively reducing logical error rates below physical error rates [4][5] - Horizon Quantum Computing has formed a strategic partnership with Alice&Bob to accelerate the development of fault-tolerant quantum computing, integrating their software and hardware capabilities [5] - GuoDun Quantum plans to sign a technology licensing contract with the University of Science and Technology of China, involving quantum random number generators and superconducting quantum computing control systems [6][7] Group 2: Biomanufacturing - The Chinese Academy of Sciences has achieved a breakthrough in synthesizing L-arginine using methanol as the sole carbon source, marking a shift towards non-grain-based production methods [8][9] - The Shenzhen Advanced Institute has developed the MARS intelligent system, which integrates multiple AI agents and robots to significantly shorten the new material development cycle from four months to four hours [9][10] - Jinbo Biological has registered a 2 billion yuan private placement to enhance its humanized collagen protein FAST database project, aiming to improve research and development efficiency [11] Group 3: Hydrogen Energy and Nuclear Fusion - The Baowu Clean Energy green hydrogen industrial park project, with a total investment of 11.09 billion yuan, has been launched in Guangdong, establishing a new model for offshore wind power direct hydrogen production [12][13] - A Chinese consortium has signed a significant contract for the ITER edge local model power supply system, marking a major step in China's contribution to global fusion energy projects [15] - Zhejiang Fu Nuclear Power will participate in the development of core components for the China Fusion Engineering Demonstration Reactor (CFEDR), focusing on ultra-high heat load components [16][17] Group 4: Brain-Computer Interfaces - Neuralink has successfully implemented OTA wireless upgrades for its invasive brain-computer interface, allowing for performance optimization without the need for additional surgeries [18][19] - This advancement addresses the traditional limitations of invasive devices, reducing clinical maintenance risks and costs while enhancing the adaptability of the technology [20] Group 5: Embodied Intelligence - World Labs, founded by Fei-Fei Li, has partnered with Guanglun Intelligent to create an evaluation system for embodied intelligence, addressing high verification costs and discrepancies between simulation and reality [21][22] - The Marble model developed by World Labs generates high-fidelity 3D environments from various inputs, solving traditional model issues but lacking physical interaction capabilities [22][23] Group 6: Future Industry Catalysts - The report outlines key catalytic events for 2026 across six future industries, including significant conferences and technological milestones that investors should monitor [28][29]

Group 1 - The A-share market has been performing strongly since the beginning of 2026, with six stocks doubling in value, including ZhiTe New Materials, which has increased by 256.35% [1][10] - Other notable stocks include Fenglong Co., which has risen by 213.97%, and Hunan Silver, which has increased by 137.57% [1][10] - Stocks such as Xinghuan Technology-U, Tongyuan Environment, and Yinen Power have also seen gains exceeding 100% [1][10] Group 2 - Fenglong Co. announced that its stock has been on a continuous trading limit for 17 days, with a price increase of 405.74%, indicating significant trading risks [2][11] - Hunan Silver also reported severe fluctuations in its stock price, which has deviated significantly from market trends, suggesting high speculative risks [2][11] Group 3 - In the week from January 19 to January 23, 2026, over 77% of stocks experienced price increases, with 237 stocks rising more than 15% [3][12] - The top-performing stock during this period was *ST Lifang, which saw a weekly increase of 95.52%, followed by *ST Changyao with a 70.37% increase [3][12] - Other stocks like ZhiTe New Materials and Hunan Silver also had significant weekly gains, exceeding 45% [3][12] Group 4 - *ST Lifang, a digital technology cloud service provider, is facing a risk of forced delisting due to significant legal violations, as highlighted by the Anhui Securities Regulatory Bureau [5][14] - The company has been involved in controversies regarding stock price manipulation, with its actual controller bypassing the board to communicate with shareholders [5][14] - As of January 23, *ST Lifang's stock price was reported at 1.31 yuan per share, reflecting a 13.91% increase over four trading days [7][16]

记者丨 胡琳 编辑丨梁明 2026年开年以来，A股行情持续火热，据wind，截至1月23日收盘， A股年内已有6只大牛股翻倍，其中，受量子科技 和人工智能概念加持的志特新材今年涨幅已达256.35%。此外，锋龙股份年内涨幅也达到213.97% ， 湖南白银涨幅 达137.57%，星环科技-U、通源环境、亿能电力涨幅超100%。 | 序号 | 证券代码 | 证券简称 | 区间涨跌幅 | | | --- | --- | --- | --- | --- | | | | | [起始交易日期] 2026-1-1 [截止交易日期] 最新收盘目 [单位] %↓ | | | 1 | 300986.SZ | 志特新材 | | 256.3506 | | വ | 002931.SZ | 锋龙股份 | | 213.9748 | | 3 | 002716.SZ | 湖南白银 | | 137.5723 | | ব | 688031.SH | 星环科技-U | | 107.3205 | | 5 | 688679.SH | 通源环境 | | 105.4511 | | 6 | 920046.BJ | 亿能电力 | | 105.2045 | | ...