记者|蔡鼎 编辑|许绍航 魏官红杜波校对|金冥羽 在近期A股二级市场追逐"商业航天"与"脑机接口"两大风口之际，上市公司在互动平台的言论若偏离客观事实，极易引发误导。 2月4日晚间，上交所上市公司管理一部下发监管警示的决定书（以下简称"决定书"），对沃格光电3.SH，股价40.38元，市值90.72亿元）及其董秘龚庆宇 予以监管警示，称公司关于"商业航天"和"脑机接口"两个热门概念板块相关信息发布不准确、不完整，风险提示不充分，可能对投资者决策产生误导。 图片来源：沃格光电公告 夸大"商业航天"关联，蹭"脑机接口"热点 真实业务含金量存疑 决定书称，经查明，违规事项源于沃格光电在2026年2月2日上证E互动平台上的一系列回复。当时，公司在回答投资者提问时，针对两大市场热点给出了 极具"想象空间"的表述，但经监管核实，这些表述与客观事实存在重大差异。 在航天领域，沃格光电称其CPI膜材及防护镀膜产品"今年已实现柔性太阳翼基材的在轨应用"，并自称为国内极少数具备全产业链生产能力的企业，技术 处于"行业领先地位"，相比友商更具备"大尺寸量产可行性"。 然而，经监管督促，公司才在次日盘后承认，上述"在轨应用"仅涉及单 ...

每经AI快讯，证监会网站显示，脑机接口企业博睿康技术(上海)股份有限公司于2026年2月4日在上海证 监局办理辅导备案登记，拟首次公开发行股票并上市，辅导机构为中信证券。辅导备案报告显示，胥红 来直接持有公司12.2453%股份，通过北京博睿康投资合伙企业(有限合伙)、上海博睿康企业管理合伙企 业(有限合伙)控制公司11.0879%股份，合计控制23.3332%股份，为公司控股股东。 ...

Market Overview - The A-share market opened lower on February 5, with the Shanghai Composite Index down 27.18 points, a decrease of 0.66%, closing at 4075.03 points [1] - The Shenzhen Component Index fell by 135.43 points, a decline of 0.96%, closing at 14020.84 points [1] - The CSI 300 Index decreased by 33.94 points, down 0.72%, closing at 4664.75 points [1] - The ChiNext Index dropped by 33.79 points, a decline of 1.02%, closing at 3277.72 points [1] - The STAR 50 Index fell by 29.82 points, down 2.05%, closing at 1423.66 points [1] Sector Performance - The photovoltaic equipment sector experienced a pullback, with major stocks like Aotewi down over 10% and Junda Co. and Jincheng Co. both down over 9% [1] - The precious metals sector opened lower, with Hunan Silver down over 6% and other stocks like Sichuan Gold and Xiaocheng Technology also declining [1] - The banking sector was active at the start, with Qilu Bank rising nearly 3% and other banks like Chongqing Bank and Jiangyin Bank also seeing gains [1] Company News - The EU has announced an investigation into Goldwind Technology due to concerns about government subsidies distorting market competition [3] - The Chinese Foreign Ministry criticized the EU's unilateral trade measures as discriminatory and damaging to the EU's image [3] - Market rumors suggest that Elon Musk's team visited several Chinese photovoltaic companies, but confirmed that no cooperation agreements have been signed [3][7] - Companies like Jingsheng Mechanical and Dualgood Energy stated that the "space photovoltaic" application is still in the exploratory stage and has not impacted their current performance [4] - Long光华芯 faced issues with false information regarding a supposed investment from Huawei, which the company strongly condemned [4] Industry Developments - The AI industry is entering a critical phase, with a focus on the integration of AI into manufacturing and the development of key technologies [8][15] - The commercial aerospace sector is seeing new opportunities with the establishment of satellite launch technology facilities, which could enhance launch efficiency and reduce costs [9] - The coal market is facing changes due to Indonesia's proposed production cuts, which may impact China's coal supply [12]

据IPO早知道消息，博睿康技术（上海）股份有限公司（以下简称"博睿康"）于2026年2月4日同中 信证券签署辅导协议，正式启动科创板IPO进程。 这意味着，博睿康成为又一家启动IPO的脑机接口企业——稍早前，彭博社引述消息报道，"杭州六 小龙"之一的强脑科技以保密形式在香港递交IPO申请。 有望打造国内首个上市的植入式脑机接口产品。 本文为IPO早知道原创 作者｜ Stone Jin 微信公众号｜ipozaozhidao 成立于2011年的博睿康核心团队来自脑机智能全球Top5的清华大学神经工程实验室以及临床神经领 域的医疗市场专家，其一家以自主创新的"脑-机接口"技术为核心，专业从事脑-机接口系统相关设 备的研发、生产、销售以及技术服务，致力于为神经科学创新研究和临床神经疾病诊断、治疗与康复 研究提供专业、完整的解决方案。 值得一提的是， 2023年10月，博睿康与清华大学生物医学工程系洪波教授团队合作研发的脑机接 口产品NEO在首都医科大学宣武医院完成了首例植入 ，后陆续在北京天坛医院、上海华山医院、江 苏省人民医院等开展可行性试验并取得显著成效。2024年8月，NEO进入国家药监局创新医疗器械 特别审评 ...

股票频道更多独家策划、专家专栏，免费查阅>> 责任编辑：栎树 临港实验室（核心股）官微消息，2月3日，临港实验室李昊团队与中国科学院脑智卓越创新中心刘真研 究组合作，在神经生物学顶级学术期刊《Neuron》在线发表了题为"A mesoscale optogenetics system for precise and robust stimulation of the primate cortex"的研究论文。研究团队成功建立了基于介观光遗传技 术的新型超高通道数脑机接口，攻克了对灵长类大脑皮层长期、精准、稳定刺激的技术难题，为脑机接 口和脑科学（核心股）研究领域带来了重要突破。 国信证券指出，脑机接口已进入"技术突破向商业化跃迁"的关键节点，锚定"政策+技术+场景"三重主 线。当前行业受益于十五五规划重点布局、医保赋码与医疗器械（核心股）标准落地等政策红利，叠加 Neuralink量产预期与国内临床突破的催化，全球市场规模有望迎来爆发式增长。从产品端看，侵入式产 品仍在临床试验，非侵入式产品已有部分上市，包括医疗端的脑机接口运动康复系统，以及消费端的安 睡仪等。随着芯片、电极、算法等技术的发展，法规标准的不断 ...

Market Dynamics - The U.S. stock market showed mixed results, with the Dow Jones up by 0.53%, while the S&P 500 and Nasdaq fell by 0.51% and 1.51% respectively, with the Nasdaq breaking below its 100-day moving average [1] - Southbound capital in Hong Kong saw a net inflow of approximately 13.373 billion HKD, marking the highest single-day inflow since January 22, with Tencent and Alibaba receiving net purchases of about 2.231 billion HKD and 1.171 billion HKD respectively [4] - The latest data indicates that the number of newly opened margin trading accounts in January 2026 reached 190,500, a 29.5% increase from December 2025, and a 157.09% increase year-on-year [4] Commodity Prices - WTI crude oil futures rose by 3.05% to $65.14 per barrel, while Brent crude increased by 3.16% to $69.46 per barrel [2] - COMEX gold futures increased by 1.04% to $4,986.4 per ounce, and silver futures rose by 5.36% to $87.765 per ounce [2] Industry Developments - Domestic private commercial rocket company Dongfang Space is expected to complete the first flight of its "Gravity II" medium-sized liquid reusable launch vehicle by mid-2026 [5] - The National Space Computing Center, part of the "Star Computing" plan by Guoxing Aerospace, aims to establish a super space computing network consisting of 2,800 satellites, with the first group already launched [5] - Tesla's Shanghai factory delivered 69,129 vehicles in January, marking a 9% year-on-year increase, continuing a trend of growth in wholesale sales for three consecutive months [16] Technological Innovations - The brain-machine interaction and human-machine integration laboratory has developed the first brain-controlled acupuncture and neuro-rehabilitation equipment platform in China, which is currently undergoing clinical trials [9] - Tencent's AI Infra team launched an open-source high-performance LLM inference core operator library, achieving a 30% improvement in model inference performance [7] Regulatory and Policy Updates - The People's Bank of China emphasized the need for structural monetary policy tools to support key areas such as expanding domestic demand and technological innovation [10] - The Ministry of Industry and Information Technology highlighted the importance of AI in manufacturing, aiming to strengthen application foundations and key technologies [11]

Industry News - The Ministry of Culture and Tourism announced the resumption of travel for Shanghai residents to Kinmen and Matsu to normalize cross-strait exchanges and benefit both sides [26] - Reports indicate that Musk's team has been exploring the Chinese photovoltaic industry chain, with orders signed with heterojunction equipment manufacturers [26][17] - The National Medical Insurance Administration issued a notice to strengthen management of designated medical institutions for mental illnesses and combat illegal use of medical insurance funds [26] - The 16th General Assembly of the China Artificial Intelligence Industry Development Alliance was held, focusing on breakthroughs in key technologies such as computing power chips and industrial models [26] - The Guangdong Province issued opinions to accelerate the high-quality construction of a digital society, expanding the operational area for autonomous public transport and smart transportation services [27] - An expert seminar on the "14th Five-Year" development plan for the gold industry emphasized the need to focus on key technological bottlenecks and enhance the integration of production, education, and research [27] - The China Electronics Technology Group announced the successful delivery of the first domestically produced 12-inch silicon carbide wafer thinning equipment, marking a breakthrough in large-size silicon carbide processing [27][28] Company News - JinkoSolar announced that it has not engaged in any cooperation with Musk's team [30] - The Shanghai Stock Exchange issued a regulatory warning to Woge Optoelectronics for inaccurate and incomplete information related to "commercial space" and "brain-computer interface," which may mislead investors [31] - The company Guo Sheng Technology stated that it is not involved in the space photovoltaic business [39] - Jingsheng Mechanical and Electrical announced that the application scenarios for "space photovoltaic" are still in the exploratory stage [39] - Tiantong Co., Ltd. stated that it does not produce commercial satellites or optical module products [39] - Shuangliang Energy announced that it has not yet engaged in space photovoltaic-related business [39] - Chang'an Automobile plans to repurchase company shares worth between 1 billion to 2 billion yuan [48]

Group 1: Regulatory Support for Biomanufacturing - The National Medical Products Administration (NMPA) will strongly support the innovation and development of the biomanufacturing industry during the 14th Five-Year Plan period, transitioning from "follow-up innovation" to "systematic innovation" [1] - The NMPA aims to accelerate the approval process for new drugs, focusing on new drug targets, AI-driven drug development, and cutting-edge technologies like cell and gene therapy [1] - A digital platform will be established to provide a one-stop consultation service for enterprises, enhancing compliance and technical guidance [1] Group 2: Mental Health Insurance Regulation - The National Healthcare Security Administration (NHSA) is conducting collective talks with heads of mental health insurance designated medical institutions to strengthen management and combat illegal use of insurance funds [2] - Institutions are required to conduct self-inspections focusing on fraudulent practices, with reports due by March 15 [2][3] - The NHSA will implement special inspections and impose severe penalties on institutions that fail to comply with regulations [3] Group 3: Clinical Trials and Approvals - Shouyao Holdings announced that its MAT2A inhibitor SY-9453 has received approval for clinical trials to treat advanced or metastatic solid tumors with MTAP gene deletion [4] - Sainuo Medical has received a medical device registration certificate for its drug-eluting stent system aimed at treating ischemic heart disease [5] - Zhifei Biological has obtained approval for clinical trials of its lyophilized varicella inactivated vaccine [7] Group 4: Strategic Collaborations and Innovations - Zhejiang Provincial Food and Drug Inspection Institute signed a strategic cooperation agreement with Hikvision to promote innovation in scientific instruments [8] - The Brain-Machine Interface and Human-Machine Integration Laboratory has launched China's first "Traditional Chinese Medicine Brain-Machine Interface" equipment, integrating acupuncture with smart wearable technology [9] Group 5: Market Transactions and Financial Activities - Shanghai Pharmaceuticals plans to publicly transfer a 30% stake in China Shanghai Pharmaceuticals to raise at least 1.023 billion yuan [12] - Xinbang Pharmaceutical provided a 40 million yuan guarantee for its subsidiary Guizhou Tongde Pharmaceutical [13] - Pianzaihuang's controlling shareholder received a loan commitment for up to 450 million yuan to support share buybacks [14][15]

在近期A股二级市场追逐"商业航天"与"脑机接口"两大风口之际，上市公司在互动平台的言论若偏离客 观事实，极易引发误导。 公司股价涨停，监管重申信披红线 沃格光电上述"精准踩点"的回复，影响了二级市场的走势。在相关回复发布后的次日（2月3日），沃格 光电股价高开高走，并在短时间内涨停。东方财富数据显示，沃格光电2月3日全天成交9.03亿元，换手 率10.18%。 图片来源：东方财富截图 《决定书》指出，"商业航天"和"脑机接口"属于市场较为关注的热点概念，沃格光电在上证E互动平台 中，回复的内容未能准确反映公司CPI产品、生物芯片相关玻璃基板产品的具体应用情况、发展阶段、 销售规模及对公司整体经营情况的影响，也未就未来发展存在的不确定性等情况充分提示风险，经监管 督促才发布公告予以说明，相关信息发布不准确、不完整，风险提示不充分，可能对投资者决策产生误 导。 2月4日晚间，上交所上市公司管理一部下发监管警示的决定书（以下简称"决定书"），对沃格光电 （603773.SH，股价40.38元，市值90.72亿元）及其董秘龚庆宇予以监管警示，称公司关于"商业航 天"和"脑机接口"两个热门概念板块相关信息发布不准确、不 ...

Market News - The three major U.S. stock indices closed mixed, with the Dow Jones up 0.53%, the Nasdaq down 1.51%, and the S&P 500 down 0.51%. Notable declines were seen in popular tech stocks, with AMD dropping over 17% and Nvidia, Tesla, Broadcom, and Meta down over 3% [1] - International oil prices rose, with WTI crude oil up 1.8% at $64.35 per barrel and Brent crude oil up 1.92% at $68.62 per barrel. Precious metals also saw increases, with spot gold up 0.2% at $4950.75 per ounce and silver up 2.84% at $87.84 per ounce [1] Industry Insights - Tianbing Technology's satellite launch facility in Jiuquan has passed pre-acceptance review, marking a significant step in China's satellite internet network deployment. The facility will enhance the efficiency of satellite launches and reduce costs by over 30% [2] - The satellite communication industry is projected to reach between 200 billion to 400 billion yuan by 2030, with an annual growth rate of 10%-28%. This sector is transitioning from concept validation to large-scale application, contributing to the digital economy [3] - The brain-computer interface market is expected to reach $40 billion by 2030 and $145 billion by 2040, with significant advancements in medical applications for neurological disorders. Key stocks in this sector include Zhongke Information and Guanhao Biological [4] - Guangdong Province is accelerating the construction of a digital society, focusing on artificial intelligence applications and establishing a national AI application pilot base [5] - The humanoid robot industry is anticipated to see significant growth by 2025, driven by advancements in component performance and cost reduction. Key beneficiaries include core supply chains and application scenarios [5]