（记者 张明双） 奋达科技（002681.SZ）2月27日在投资者互动平台表示，公司有涉足整机和核心零部件的研发和制造， 具体请查阅公司定期报告。 每经AI快讯，有投资者在投资者互动平台提问：请问公司管理层，公司作为深圳本地老牌制造业龙头 公司，是否有涉足机器人领域？ ...

化工：持续强Call，建议上仓位，拥抱好机会 短期为什么上涨？ 后续有什么催化剂？ 短期，地缘冲突+后续旺季，油价上行，催化补库涨价；部分品种开年提价；美国特朗普强调资源品如磷的战略地 位 后续，旺季补库+行业自律+3月两会等。 往年，3-5月为旺季，补库带来涨价，目前产业链库存不高（之前跌价周期，谁敢囤货呢？ ）。 竞争 化工：持续强Call，建议上仓位，拥抱好机会 短期为什么上涨？ 后续有什么催化剂？ 短期，地缘冲突+后续旺季，油价上行，催化补库涨价；部分品种开年提价；美国特朗普强调资源品如磷的战略地 位 后续，旺季补库+行业自律+3月两会等。 往年，3-5月为旺季，补库带来涨价，目前产业链库存不高（之前跌价周期，谁敢囤货呢？ ）。 国家聚焦内需+双碳赋能，有一个落地，都是利好；短期都没有的话，那上行节奏会缓一些，趋势不变 中长期怎么看？ 预计景气长周期上行，驱动力不是全球需求高增长，和过去的周期有些不同了（参考有色），而是企业主动扩产 放缓+政策限制低效扩张，供需差逐步收窄，从过剩到平衡再到紧张。 稍微叠加些自律，景气提前到来，区别于之前仅是供需平衡表数据主导下的行情。 少产一点，可以赚更多的钱，还费那 ...

关于港股后市 天风证券指出，短期看，港股在前期估值修复后延续高位震荡格局，指数仍具阶段性韧性与结构性机 会。但外部环境约束仍然存在，长端美债收益率维持高位，风险溢价已处低分位区间，指数进一步系统 性上行的空间与持续性仍受到限制。当前恒生指数ERP处历史偏低水平，全球无风险利率锚对估值形成 压制。中期维度下，对港股整体判断维持谨慎乐观，结构优于指数的特征或仍将延续。 恒生指数高开0.25%，恒生科技指数跌0.15%。盘面上，汽车板块强势，小鹏汽车、理想汽车涨近2%； AI应用走弱，智谱跌近3%。 中泰证券认为，春节后科技主线行情具备延续性，AI与机器人(核心股)进入商业化落地关键期，长线资 金主导下科技仍是大概率选择方向。 本文转载自"腾讯自选股"，智通财经编辑：徐文强。 华泰证券首席宏观经济学家易峘表示，春节期间科技领域持续受到催化，港股科技新势力表现不俗，今 年新上市的AI模型股MINIMAX - WP、智谱上涨趋势明显，与之对应的传统互联网巨头股价出现调整， 从中长期看，港股科技板块配置价值依然突出。 ...

Report Industry Investment Rating No relevant information provided. Core Viewpoints of the Report In the short - term, the market may enter an oscillation and volatility - reduction cycle. The overall market atmosphere is under certain suppression, but in the medium - to - long - term, the commodity bull market is expected to continue. Different industries have their own supply - demand situations and influencing factors, and corresponding investment strategies are proposed based on these [39][45]. Summary by Directory Macro Finance Stock Index - **Market Information**: The annualized basis ratios of IF, IC, IM, and IH for current month, next month, current quarter, and next quarter are presented. For example, IF's ratios are 4.70%/2.97%/5.48%/4.74% [2]. - **Strategy View**: Affected by factors such as the US - Iran conflict, US tariff policy, RMB exchange rate, and AI business, the stock index is expected to have a relatively strong performance [3]. Treasury Bond - **Market Information**: The closing prices and changes of TL, T, TF, and TS main contracts on Thursday are provided. There are also news about Sino - US economic and trade consultations and the stance of the Bank of Japan. The central bank conducted 320.5 billion yuan of 7 - day reverse repurchase operations, with a net withdrawal of 79.5 billion yuan [4]. - **Strategy View**: Although inflation recovery has potential suppression on the bond market, and the endogenous power of economic recovery is not stable, the capital side is expected to remain loose. The bond market is expected to continue to oscillate [6]. Precious Metals - **Market Information**: The prices of Shanghai gold and silver, COMEX gold and silver have declined. The US 10 - year Treasury yield and the US dollar index are reported. The precious metal prices are in horizontal consolidation, with support from Trump's tariff plan and the US - Iran nuclear negotiation, and resistance from the Fed's officials' statements and the expectation of stable US short - term interest rates [7]. - **Strategy View**: The precious metal prices are expected to remain in high - level oscillation. It is recommended to wait and see, with the reference ranges of 11,300 - 12,000 yuan/gram for Shanghai gold and 22,000 - 23,000 yuan/kilogram for Shanghai silver [9]. Non - ferrous Metals Copper - **Market Information**: Affected by the US - Iran negotiation and other factors, copper prices are in oscillatory adjustment. LME inventory has increased, and domestic social and bonded area inventories have also changed. The spot discount in the East China region has expanded [11]. - **Strategy View**: The US tariff policy provides emotional support, but the refined copper supply is relatively excessive. Short - term copper prices are expected to be oscillatory, with reference ranges of 101,000 - 103,000 yuan/ton for Shanghai copper and 13,100 - 13,400 US dollars/ton for LME copper [12]. Aluminum - **Market Information**: Aluminum prices have adjusted. LME inventory has decreased, and domestic inventory has increased. The spot discount in the East China region has narrowed [13]. - **Strategy View**: The short - term price support is strong. The reference ranges are 23,400 - 23,900 yuan/ton for Shanghai aluminum and 3,100 - 3,170 US dollars/ton for LME aluminum [14]. Zinc - **Market Information**: Zinc prices have declined. The social inventory of zinc ingots in China has increased, and the downstream enterprise start - up rate is average [15][16]. - **Strategy View**: The zinc industry in China shows a weak trend. Zinc prices may follow the rise of copper and aluminum prices. The zinc ore TC has stopped falling and stabilized [16]. Lead - **Market Information**: Lead prices have increased. Both domestic and foreign inventories have risen rapidly, and the industrial situation is weak [17]. - **Strategy View**: The strategic stockpiling of battery enterprises may support the lead price in the short - term. It is necessary to observe the start - up of downstream battery enterprises after the Spring Festival [17]. Nickel - **Market Information**: Nickel prices have declined. The prices of nickel ore are stable, and the price of nickel iron has increased [18]. - **Strategy View**: The supply of nickel is shrinking, and nickel prices are expected to rise. It is recommended to go long on dips, with reference ranges of 120,000 - 160,000 yuan/ton for Shanghai nickel and 16,000 - 20,000 US dollars/ton for LME nickel [19]. Tin - **Market Information**: Tin prices are in oscillatory operation. The inventory has decreased, and the supply and demand are marginally loose [20]. - **Strategy View**: Tin prices are expected to oscillate widely in the short - term. It is recommended to wait and see, with reference ranges of 380,000 - 450,000 yuan/ton for domestic tin and 48,000 - 53,000 US dollars/ton for LME tin [21]. Lithium Carbonate - **Market Information**: The price of lithium carbonate has increased. The production has increased, and the inventory has decreased [22]. - **Strategy View**: Affected by the export ban, the short - term spot shortage is expected to continue. It is necessary to be cautious about the increase of selling orders. The reference range for the 2605 contract is 164,000 - 180,000 yuan/ton [23]. Alumina - **Market Information**: The alumina index has declined. The spot price in Shandong has increased, and the overseas price is stable. The inventory has increased [24]. - **Strategy View**: The over - capacity situation in the alumina smelting end is difficult to change in the short - term. It is recommended to wait and see, with a reference range of 2,750 - 2,950 yuan/ton for the AO2605 contract [26]. Stainless Steel - **Market Information**: Stainless steel prices have increased. The raw material prices have changed, and the inventory has increased [27]. - **Strategy View**: The supply pressure will be relieved, and the price has a strong bottom support. It is recommended to be bullish, with a reference range of 14,000 - 14,500 yuan/ton [28]. Casting Aluminum Alloy - **Market Information**: The price of casting aluminum alloy has increased. The inventory has changed, and the trading volume has increased [29]. - **Strategy View**: The cost has support, and the demand is expected to improve. The short - term price is expected to oscillate strongly [30]. Black Building Materials Steel - **Market Information**: The prices of rebar and hot - rolled coil have declined. The inventory and trading volume have changed [32]. - **Strategy View**: The black series is in a bottom - game stage. It is expected to oscillate within a range with a weak center of gravity in the short - term. It is necessary to focus on the demand recovery and policy trends [33]. Iron Ore - **Market Information**: Iron ore prices have declined. Some steel enterprises in North China will implement emission reduction measures during important meetings [34]. - **Strategy View**: The overseas supply has recovered, and the demand is okay. The price is expected to oscillate weakly and stably. It is necessary to pay attention to domestic terminal demand and policy guidance [35]. Coking Coal and Coke - **Market Information**: The prices of coking coal and coke have declined. The spot prices have different changes, and the basis is positive [36]. - **Strategy View**: In the short - term, the upward catalysis of coking coal is weak. It may face a callback risk in March - May, but it may rise in the second half of 2026 [39]. Glass and Soda Ash - **Market Information**: Glass prices have declined, and the inventory has increased. Soda ash prices are stable, and the inventory has increased [40][42]. - **Strategy View**: Glass is expected to oscillate, with a reference range of 1,025 - 1,100 yuan/ton. Soda ash is expected to oscillate weakly and stably, with a reference range of 1,140 - 1,200 yuan/ton [41][43]. Manganese Silicon and Ferrosilicon - **Market Information**: Manganese silicon prices have increased, and ferrosilicon prices have also risen slightly [44]. - **Strategy View**: The future market is mainly affected by the black market and cost factors. It is recommended to pay attention to manganese ore supply and "dual - carbon" policies [45][46]. Industrial Silicon and Polysilicon - **Market Information**: Industrial silicon prices have declined, and polysilicon prices have also decreased [48][50]. - **Strategy View**: Industrial silicon prices are expected to be weak. Polysilicon prices are expected to oscillate weakly. It is recommended to wait and see [49][51]. Energy and Chemicals Rubber - **Market Information**: Rubber prices are in oscillatory operation. The start - up rates of tire enterprises are low, and the inventory has increased [53][54]. - **Strategy View**: It is recommended to trade according to the short - term trend of the disk and set stop - losses. It is also recommended to go long on NR and short on RU2609 [56]. Crude Oil - **Market Information**: Crude oil prices have declined, and the inventory data of related products have changed [57]. - **Strategy View**: It is recommended to take profits on rallies and focus on medium - term layout [58]. Methanol - **Market Information**: Methanol prices have changed, and the MTO profit has increased [59]. - **Strategy View**: It is recommended to go long on dips in the medium - term [60]. Urea - **Market Information**: Urea prices have changed, and the basis is negative [61]. - **Strategy View**: It is recommended to short urea due to the expected negative fundamentals [62]. Pure Benzene and Styrene - **Market Information**: The prices and basis of pure benzene and styrene have changed. The supply and demand sides have different performances [63]. - **Strategy View**: It is recommended to take profits gradually as the non - integrated profit of styrene has been significantly repaired [64]. PVC - **Market Information**: PVC prices have declined. The supply is strong, and the demand is weak [66]. - **Strategy View**: The domestic supply - demand situation is poor, and the fundamentals are weak [67]. Ethylene Glycol - **Market Information**: Ethylene glycol prices have declined. The supply and demand sides have changed, and the inventory has increased [68]. - **Strategy View**: The supply - demand pattern needs to be improved by increasing production cuts. There is a risk of rebound [69]. PTA - **Market Information**: PTA prices have declined. The supply and demand sides have changed, and the inventory has increased [70]. - **Strategy View**: The inventory cycle is about to end. It is recommended to go long on dips in the medium - term [71]. p - Xylene - **Market Information**: p - Xylene prices have declined. The load and inventory have changed [72]. - **Strategy View**: It is recommended to go long on dips following crude oil in the medium - term [73]. Polyethylene (PE) - **Market Information**: PE prices have declined. The supply and demand sides are weak, and the inventory has changed [74]. - **Strategy View**: The PE valuation has room to decline, and the demand is in a seasonal off - season [75]. Polypropylene (PP) - **Market Information**: PP prices have declined. The supply and demand sides are weak, and the inventory pressure is high [76]. - **Strategy View**: It is recommended to go long on the PP5 - 9 spread on dips [78]. Agricultural Products Live Pigs - **Market Information**: Pig prices have different changes. The actual supply pressure has been reduced [80]. - **Strategy View**: The spot price is expected to be weak, but there may be support for the far - month contracts [81]. Eggs - **Market Information**: Egg prices are mainly stable. The supply is normal, and the market digestion speed is okay [82]. - **Strategy View**: The short - term spot price decline is limited. It is recommended to wait and see or trade short - term [83]. Soybean and Rapeseed Meal - **Market Information**: The export and production data of soybeans in the US and Brazil are provided. The domestic soybean inventory has changed [84]. - **Strategy View**: The protein meal price may be bottoming out due to the increase in import costs [86]. Oils and Fats - **Market Information**: The production, export, and inventory data of palm oil in Malaysia and Indonesia are provided. The domestic oil inventory has increased [87]. - **Strategy View**: The short - term soybean oil price is stronger. It is recommended to buy when the oil prices stop falling at low levels [88]. Sugar - **Market Information**: The production data of sugar in India, Brazil, and Thailand are provided. The domestic import data are also given [89][90]. - **Strategy View**: It is not advisable to be overly bearish on the international sugar market. The domestic sugar price is suppressed by high inventory. It is recommended to wait and see in the short - term [91]. Cotton - **Market Information**: The US cotton export data and the domestic cotton inventory data are provided [92]. - **Strategy View**: It is recommended to buy on dips if the downstream start - up rate after the Spring Festival is good [93].

（原标题：今日看点｜国务院政策例行吹风会将举行，介绍2025年国务院部门办理全国人大代表建议和全国政协提案工作有关情况） 2月27日重点关注的财经要闻与资本市场大事： 1、国务院政策例行吹风会将举行，介绍2025年国务院部门办理全国人大代表建议和全国政协提案工作有关情况 2月27日下午3时，国新办举行国务院政策例行吹风会，科学技术部党组成员、秘书长潘晓东，农业农村部国家首席兽医师（官）、计划财务司司 长陶怀颖，商务部副部长鄢东，国家市场监督管理总局副局长、国家标准化管理委员会主任邓志勇和国务院新闻办公室新闻发言人介绍2025年国 务院部门办理全国人大代表建议和全国政协提案工作有关情况，并答记者问。 2、中证港股通机器人主题指数和中证美股30指数将发布 近日，中证指数有限公司公告，2月27日将发布中证港股通机器人主题指数和中证美股30指数，为市场提供更丰富的投资标的。 3、6.77亿元市值限售股今日解禁 2月27日，共有2家公司限售股解禁，合计解禁量为6384.07万股，按最新收盘价计算，合计解禁市值为6.77亿元。 从解禁量来看，英力特、骏创科技解禁量居前，解禁股数分别为6373.22万股、10.85万股。从 ...

（上）浙江省余姚市三力信电磁阀有限公司的新厂房。（资料图片） （下）浙江省余姚市景昇薄膜科技有限公司的生产车间。（资料图片） 近日，浙江省经信厅发布2025年度"工业大市大县挑大梁"典型案例，余姚市蝉联"勇挑大梁"类县（市、 区）；2025年度宁波市首台（套）装备认定名单公布，余姚15个项目成功入选，总数位居宁波各县（市、 区）第一；2025年余姚实现制造业投资134亿元，同比增长3.5%。亮眼的数据，彰显了这座制造业强市高质 量发展的强劲态势与蓬勃后劲。 新兴产业增速强劲 余姚市统计局数据显示，2025年余姚智能光伏、特色工艺集成电路两条产业链增加值增速均居宁波各县 （市、区）第一位，展现出强劲的发展动能。 其中，智能光伏产业链表现尤为抢眼，全年实现增加值2.51亿元，同比增长83.4%。该产业链的领跑姿态贯穿 全年，在一季度、半年度及前三季度的统计中，增速均稳居宁波各县（市、区）第一；特色工艺集成电路产 业链同样增势迅猛，实现增加值46.05亿元，同比增长53.1%。 产业链的良好增势离不开龙头企业的引领。余姚特色工艺集成电路领域链上龙头企业江丰电子近日发布业绩 预告，预计2025年度实现营业收入约46亿 ...

机器人就不是"人"了？机器人：早 知道烂在厂子里。网友：一个被窝睡不出两种人！！！！！#微博兴趣创作计划# 0:00 ...

2026 年 02 月 26 日 精密制造领先企业，液冷和机器人业务新增看点 —兴瑞科技（002937.SZ）公司动态研究报告 买入(首次) 投资要点 分析师：任春阳 S1050521110006 rency@cfsc.com.cn | 基本数据 | 2 0 2 6-0 2-2 6 | | --- | --- | | 当前股价（元） | 26.2 | | 总市值（亿元） | 78 | | 总股本（百万股） | 298 | | 流通股本（百万股） | 297 | | 52 周价格范围（元） | 15.17-26.2 | | 日均成交额（百万元） | 147.05 | 市场表现 资料来源：Wind，华鑫证券研究 -40 -30 -20 -10 0 10 20 30 (%) 兴瑞科技 沪深300 相关研究 ▌精密制造领先企业，聚焦三大业务领域 公司成立于 2001 年，是一家精密零组件制造及研发企业，产 品涵盖电子连接器、结构件、镶嵌注塑集成件等，聚焦新能 源汽车电装系统、智能终端及消费电子领域，为行业高端客 户提供定制化系统解决方案，2025 年上半年汽车电子营收占 比 52.32%，贡献公司大部分营收。深耕精密 ...

据外交部网站信息，默茨25日在北京表示，德国企业界高度重视中国市场，希望进一步深化对华合作，实现互利 互惠、共同发展。国际局势正在发生深刻变化，德中肩负着共同应对全球挑战的重要责任。德方期待同中方加强 协调，坚持自由贸易，反对保护主义。欧盟同中国发展可靠和持久的经贸合作关系符合双方利益，也有利于世界 稳定繁荣，德方支持欧中加强对话与合作。 在同济大学德国研究中心副主任、上海欧洲学会副会长伍慧萍看来，默茨此次访华重要性凸显，"对于默茨新政府 而言，通过此次访华，不仅能彰显新政府对于中德关系的重视程度，同时也利于在错综复杂的国际局势中维系中 德关系的稳定"。她还告诉第一财经，默茨到中国实地走走看看，通过亲身经历了解中国实际的发展情况，从而对 中德经贸关系的现状形成更加全面和客观的判断。 近距离把脉中国的前沿创新能力 默茨到中国实地走走看看，通过亲身经历了解中国实际的发展情况，从而对中德经贸关系的现状形成更加全面和 客观的判断。 "别弄坏了，很贵的。"2月26日下午，在宇树科技的杭州总部，随同德国总理默茨访华的德企高管们开起了玩笑。 一行人对现场的人形机器人兴趣浓厚：拍照、牵手、跳舞，从近距离观看到大方互动，现场笑 ...

格隆汇2月26日丨信音电子(301329.SZ)在投资者互动平台表示，公司未有机器人、人形机器人连接器产 品。公司的主营业务为连接器的研发、生产和销售，主要产品为笔记本电脑连接器、消费电子连接器、 汽车及其他连接器，其按功能划分主要为电源连接器、影音连接器、传输连接器等。 ...