市 场 研 究 [Table_Title] 万联晨会 [Table_MeetReportDate] 2025 年 10 月 10 日 星期五 [Table_Summary] 概览 核心观点 【市场回顾】 【重要新闻】 【商务部、海关总署对锂电池和人造石墨负极材料等相关物项实施出 口管制】10 月 9 日，商务部、海关总署连发 4 则公告，对超硬材料、 部分稀土设备和原辅料、部分中重稀土、锂电池和人造石墨负极材料 等相关物项实施出口管制。锂电池和人造石墨负极材料方面，管制物 项包括能量密度≥300 Wh/kg 的可充放电锂离子电池及其制造设备， 未经许可不得出口。稀土相关技术、设备、原辅料方面，管制范围涵 盖稀土开采、冶炼分离、金属冶炼、磁材制造、二次资源回收利用相 关技术及生产线装配维护技术，并明确未经许可不得出口。 | [Table_InnerMarketIndex] | 国内市场表现 | | | --- | --- | --- | | 指数名称 | 收盘 | 涨跌幅% | | 上证指数 | 3,933.97 | 1.32% | | 深证成指 | 13,725.56 | 1.47% | | 沪深 300 | ...

Market Overview - The A-share market has seen the Shanghai Composite Index return to 3900 points for the first time in 10 years, closing at 3933.97 with a gain of 1.32% [1][6] - The Shenzhen Component Index and the ChiNext Index also experienced increases of 1.47% and 0.73% respectively, indicating a positive market sentiment [2][4] Sector Performance - The top-performing sectors included non-ferrous metals (7.60%), steel (3.38%), and coal (3.00%), while the weakest sectors were media (-1.43%), real estate (-1.39%), and social services (-1.03%) [3][4] - Concept indices such as controllable nuclear fusion (6.97%) and lead metals (6.14%) showed strong performance, while sectors like duty-free shops (-1.82%) and ice and snow industry (-1.59%) lagged [3][4] Future Outlook - The report suggests that the recent export controls on rare earth technologies by the Ministry of Commerce will enhance the value and pricing of rare earth products, recommending a focus on companies with export qualifications in rare earth and magnetic materials [5] - The overall market sentiment remains optimistic, with expectations of further upward movement in the indices, particularly in sectors like non-ferrous metals, technology growth, new energy, and machinery [6]

今日涨跌幅居前的概念板块 资金面上看，今日冰雪产业概念板块获主力资金净流出9.55亿元，其中，38股获主力资金净流出，5股 主力资金净流出超5000万元，净流出资金居首的是万科A，今日主力资金净流出2.12亿元，净流出资金 居前的还有西域旅游、凯撒旅业、华策影视等，主力资金分别净流出9885.04万元、7021.73万元、 6745.39万元。今日主力资金净流入居前的概念股有天桥起重、苏州高新、华侨城A等，主力资金分别净 流入4502.06万元、2504.31万元、873.34万元。（数据宝） 冰雪产业概念资金流出榜 | 代码 | 简称 | 今日涨跌幅（%） | 今日换手率（%） | 主力资金流量（万元） | | --- | --- | --- | --- | --- | | 000002 | 万科A | -1.45 | 2.60 | -21222.36 | | 300859 | 西域旅游 | -6.13 | 8.61 | -9885.04 | | 000796 | 凯撒旅业 | -8.52 | 9.99 | -7021.73 | | 300133 | 华策影视 | -13.56 | 12.43 | -674 ...

资料显示，探路者控股集团股份有限公司位于北京市昌平区北七家镇宏福科技园28号，成立日期1999年 1月11日，上市日期2009年10月30日，公司主营业务涉及户外用品业务和芯片业务两块业务,分别属于户 外用品行业和半导体行业。主营业务收入构成为：户外服装63.31%，芯片业务17.13%，户外鞋品 13.29%，户外装备3.71%，其他业务服务2.56%。 探路者所属申万行业为：纺织服饰-服装家纺-运动服装。所属概念板块包括：新零售、冰雪产业、户外 露营、体育产业、足球概念等。 10月9日，探路者盘中下跌2.04%，截至09:46，报8.64元/股，成交5992.88万元，换手率0.78%，总市值 76.35亿元。 资金流向方面，主力资金净流出638.21万元，特大单买入131.04万元，占比2.19%，卖出557.26万元，占 比9.30%；大单买入1344.76万元，占比22.44%，卖出1556.74万元，占比25.98%。 探路者今年以来股价涨23.45%，近5个交易日跌5.47%，近20日跌7.59%，近60日涨3.10%。 今年以来探路者已经1次登上龙虎榜，最近一次登上龙虎榜为4月30日，当日龙虎 ...

9月29日，探路者盘中上涨2.11%，截至10:38，报8.72元/股，成交9191.77万元，换手率1.23%，总市值 77.06亿元。 资金流向方面，主力资金净流出1085.12万元，特大单买入181.38万元，占比1.97%，卖出388.58万元， 占比4.23%；大单买入1982.15万元，占比21.56%，卖出2860.07万元，占比31.12%。 探路者所属申万行业为：纺织服饰-服装家纺-运动服装。所属概念板块包括：新零售、冰雪产业、体育 产业、户外露营、足球概念等。 截至6月30日，探路者股东户数5.80万，较上期增加31.04%；人均流通股15220股，较上期减少23.69%。 2025年1月-6月，探路者实现营业收入6.53亿元，同比减少7.82%；归母净利润2009.41万元，同比减少 76.50%。 分红方面，探路者A股上市后累计派现5.09亿元。近三年，累计派现3041.77万元。 责任编辑：小浪快报 探路者今年以来股价涨24.59%，近5个交易日跌8.69%，近20日跌7.43%，近60日涨5.06%。 今年以来探路者已经1次登上龙虎榜，最近一次登上龙虎榜为4月30日，当日龙虎榜净买 ...

长白山今年以来股价涨9.69%，近5个交易日跌7.93%，近20日跌3.52%，近60日涨18.02%。 资料显示，长白山旅游股份有限公司位于吉林省长白山保护开发区池北区(白林西区和平街)，成立日期 2010年12月8日，上市日期2014年8月22日，公司主营业务涉及旅游服务业,包括旅游客运、旅行社及温 泉水开发、利用业务。主营业务收入构成为：旅游客运业务66.82%，酒店业务24.09%，其他业务 6.82%，旅行社业务2.28%。 9月29日，长白山盘中上涨2.01%，截至10:19，报46.11元/股，成交1.68亿元，换手率1.39%，总市值 122.96亿元。 资金流向方面，主力资金净流出588.24万元，特大单买入0.00元，占比0.00%，卖出775.14万元，占比 4.60%；大单买入4049.54万元，占比24.04%，卖出3862.64万元，占比22.93%。 机构持仓方面，截止2025年6月30日，长白山十大流通股东中，富国中证旅游主题ETF（159766）位居 第五大流通股东，持股137.75万股，相比上期减少60.20万股。广发鑫享混合A（002132）位居第六大流 通股东，持股13 ...

本报（chinatimes.net.cn）记者王敬 北京报道 9月深圳，室外气温30℃，室内零下6℃——一墙之隔的"冰火两重天"，映照出中国室内滑雪场爆发式发 展的现实图景。对"雪"有执念的深圳人，终于迎来了家门口的"冰天雪地"。 9月29日，总投资296亿元、号称"全球最大"的深圳前海华发冰雪世界将正式开始试运营，其中华发冰雪 热雪奇迹滑雪场的雪区面积再度刷新纪录，接过上海耀雪冰雪世界"全球最大室内雪场"的接力棒。 冰雪项目正迎来密集开业潮：珠海"万雪汇"于10月1日投入运营，长春万达茂滑雪场也定于12月25日开 门迎客。2025年，浙江瑞安、杭州、湖北荆州、山东济南等地还有一批项目陆续签约或摘地。 "目前全球规模排名前十的室内滑雪场，已经有7家在中国，随着深圳华发和长春万达茂今年内开业，届 时全球前十中，中国将占据9席，等到太仓阿尔卑斯二期建成，前十将全部在中国。"北京市滑雪协会副 会长、北京雪帮雪业及悟空滑雪学校创始人伍斌向《华夏时报》记者表示。 室内滑雪场的快速崛起，正成为中国滑雪运动打破地域壁垒、走向全国普及的关键推力。"我国优质冰 雪资源匮乏与滑雪群体蓬勃成长形成供需矛盾，室内雪场能精准解决这一痛 ...

截至7月31日，万科A股东户数52.20万，较上期减少2.52%；人均流通股18615股，较上期增加2.59%。 2025年1月-6月，万科A实现营业收入1053.23亿元，同比减少26.23%；归母净利润-119.47亿元，同比减 少21.25%。 分红方面，万科AA股上市后累计派现1030.33亿元。近三年，累计派现80.63亿元。 机构持仓方面，截止2025年6月30日，万科A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1.55亿股，相比上期减少772.47万股。华泰柏瑞沪深300ETF（510300）位居第七大流通股 东，持股1.22亿股，相比上期增加1031.36万股。南方中证房地产ETF发起联接A（004642）位居第八大 流通股东，持股8685.99万股，相比上期增加247.16万股。易方达沪深300ETF（510310）位居第九大流 通股东，持股8644.00万股，相比上期增加864.20万股。华夏沪深300ETF（510330）位居第十大流通股 东，持股6338.81万股，相比上期增加1057.13万股。 9月26日，万科A盘中上涨2.06%，截至10:44，报6.94元/ ...

Company Overview - Tsinghua Tongfang Co., Ltd. is located in Beijing and was established on January 11, 1999, with its listing date on October 30, 2009. The company operates in two main business segments: outdoor products and semiconductor chips, which belong to the outdoor goods industry and semiconductor industry respectively [1]. Financial Performance - As of June 30, Tsinghua Tongfang reported a revenue of 653 million yuan for the first half of 2025, representing a year-on-year decrease of 7.82%. The net profit attributable to shareholders was 20.09 million yuan, down 76.50% year-on-year [2]. - The company has cumulatively distributed 509 million yuan in dividends since its A-share listing, with a total of 30.42 million yuan distributed over the past three years [3]. Stock Performance - On September 25, Tsinghua Tongfang's stock price decreased by 2.19%, trading at 8.94 yuan per share, with a total market capitalization of 7.9 billion yuan. The stock has increased by 27.73% year-to-date, but has seen a decline of 3.46% over the last five trading days and 4.99% over the last 20 days [1]. - The company has experienced a net outflow of 38.14 million yuan in principal funds, with significant selling pressure observed [1]. Shareholder Information - As of June 30, the number of shareholders increased by 31.04% to 58,000, while the average number of circulating shares per person decreased by 23.69% to 15,220 shares [2].

Company Overview - Tsinghua Tongfang Co., Ltd. is located in Beijing and was established on January 11, 1999, with its listing date on October 30, 2009. The company operates in two main business segments: outdoor products and semiconductor business, which belong to the outdoor goods industry and semiconductor industry respectively [1] - The revenue composition of the company includes: outdoor clothing 63.31%, semiconductor business 17.13%, outdoor footwear 13.29%, outdoor equipment 3.71%, and other service businesses 2.56% [1] Financial Performance - As of June 30, the company reported a total of 6.53 billion yuan in revenue for the first half of 2025, representing a year-on-year decrease of 7.82%. The net profit attributable to shareholders was 20.09 million yuan, down 76.50% year-on-year [2] - The company has cumulatively distributed 5.09 billion yuan in dividends since its A-share listing, with a total of 30.42 million yuan distributed over the past three years [3] Stock Performance - On September 22, the company's stock price increased by 2.50%, reaching 9.43 yuan per share, with a trading volume of 172 million yuan and a turnover rate of 2.10%, resulting in a total market capitalization of 8.33 billion yuan [1] - Year-to-date, the company's stock price has risen by 34.73%, with a 2.39% increase over the last five trading days, a 3.40% increase over the last 20 days, and a 10.55% increase over the last 60 days [1] - The company has appeared on the "Dragon and Tiger List" once this year, with the most recent appearance on April 30, where it recorded a net purchase of 115 million yuan [1] Shareholder Information - As of June 30, the number of shareholders increased to 58,000, a rise of 31.04% compared to the previous period. The average number of circulating shares per shareholder decreased by 23.69% to 15,220 shares [2]