摘要： 2025年度，日联科技实现营业收入10.71亿元，同比增长44.88%；实现归属于母公司所有者的 净利润1.75亿元，同比增长21.81%。 特别提示 微信机制调整，点击顶部"仪器信息网" → 右上方"…" → 设为 ★ 星标，否则很可能无法看到我 们的推送。 日联科技集团股份有限公司（以下简称"日联科技"）近日发布2 0 2 5年度业绩快报。报告显示， 公司在过去一年中经营业绩实现显著增长，高质量发展态势明显。 公告数据显示，2 0 2 5年度，日联科技实现营业收入 1 0 . 7 1亿元 ，同比增长 4 4 . 8 8% ；实现归 属于母公司所有者的净利润 1 . 7 5亿元 ，同比增长 2 1 . 8 1% ；实现归属于母公司所有者的扣除 非经常性损益的净利润 1 . 4 5亿 元 ，同比大幅增长 5 0 . 8 5% ，显示出公司主营业务的强劲盈利 能力。 从财务健康状况来看，截至报告期末，公司总资产达到 4 1 . 0 8亿元 ，较报告期初增长 1 2 . 8 8% ；归属于母公司的所有者权益为 3 3 . 6 9亿元 ， 较报告期初增长 4 . 2 8% 。尤为值得关注的是， 公司经营活动 ...

为了帮大家看清2026年一季度大类资产轮动与风向变化、热点行业的前瞻解读，我们一季度预计邀请多位——百亿私募敦和资管首席经济学家徐 小庆、广发证券首席策略分析师刘晨明，知名经济学家《见证逆潮》作者付鹏，原高盛大中华区宏观交易主管袁骏，GSB奖台基金创始人，原德 意志银行董事总经理郭胜北，东吴证券研究所计算机首席分析师王紫敬，承誉资本股权业务主管、中国台湾资深半导体产业人士骆思远等嘉宾， 来分享他们对资产风向与轮动，地缘局势跟踪与分析、行业热点前瞻与解读的最新洞察。 股市方面，A股18连阳行情后有所回撤，成交量创下历史新高，逼近4万亿大关，科技与顺周期板块成资金主线，而美股则高位回调，特朗 普宣布提名沃什出任美联储主席，引爆市场鹰派预期，市场关注美联储政策举措转向。春节假期期间，美国最高法院裁决 IEEPA 关税非 法，特朗普随即用新的行政令，对来自所有国家和地区的商品加征15%的进口关税，并加速推动301和232审查，全球关税的不确定性冲击再 次来袭。 债市方面，中债呈牛平特征收益率曲线下移，而美债则熊陡走弱，收益率有所上行，市场对2026美联储降息节奏预期趋谨慎。 大宗商品市场更是冰火两重天，贵金属、有色金 ...

Core Viewpoint - Shenzhen Toptech Technology Co., Ltd. has submitted its registration, focusing on smart controllers and industrial IoT solutions, and is recognized as a national-level specialized and innovative "little giant" enterprise [1] Group 1: Company Performance - Toptech reported a total revenue of 1.132 billion yuan and a profit of 111 million yuan for 2025, showing steady growth year-on-year [1] - The company successfully passed the listing committee review of the Beijing Stock Exchange in January, becoming one of the first companies to be approved in the new year [1] Group 2: Investment Banking Activities - GF Securities, the exclusive sponsor for Toptech, ranks sixth in the industry with 13 IPOs among the 348 companies currently in the A-share IPO queue, focusing on specialized and innovative enterprises and strategic emerging industries [1][2] - Guangdong-based Yu-Chip Semiconductor, another company supported by GF Securities, is the first 12-inch wafer manufacturing enterprise to enter mass production in the province, planning to raise 7.5 billion yuan through an IPO on the ChiNext board [2] Group 3: Industry Trends - The proportion of specialized and innovative enterprises among the companies sponsored by GF Securities reached 82.98% as of June 2025, significantly higher than the market average [3] - The report from Ernst & Young and Zhejiang University indicates that the proportion of specialized and innovative listed companies in total listings was 47.66%, 45.05%, and 60.00% for the years 2022, 2023, and 2024, respectively [3] Group 4: Strategic Focus - GF Securities is enhancing its industry research capabilities and transitioning to a comprehensive financial "resource allocation investment bank," focusing on specialized and innovative industries [4] - The stock price of Shenghong Technology, a leading supplier of AI and high-performance computing PCBs, increased nearly sixfold from 41.92 yuan to 287.58 yuan in 2025, reflecting the growing demand for AI infrastructure [4] Group 5: Future Outlook - GF Securities' investment banking business is expected to continue releasing potential by focusing on specialized and innovative industries, aiding more such enterprises in entering the capital market [5]

昨日指数高开高走，最终仅创指收涨，两市成交量小幅放量。整体来看指数放量收复5日均线，且KDJ金 叉，意味着主板重回多头局面。既然如此，那么本周指数就会安稳一周，个股们在最后一周，也能普遍弱 反一些，可继续持股待涨。操作上建议低吸参与为主。 ★涉及两大战略新兴产业 充电机器人国家标准启动编制 我国首个电动汽车充电机器人国家标准《机器人 性能规范及其试验方法 第8部分：电动汽车充电机器人》 近日正式启动编制。该标准由国网天津电科院牵头申报，编制完成后将填补我国在该领域的测试标准空 白，标志着我国电动汽车智能充电技术标准化工作取得重大进展，并将为世界电动汽车充电基础设施智能 化升级提供"中国方案"。 ★五部门联合发文 实施戏剧振兴三年行动计划 美股三大指数集体收涨，大型科技股多数上涨，热门中概股涨跌不一。操作上建议低吸参与为主。 2月9日，围绕加强重点液态食品道路散装运输管理，市场监管总局联合相关部门发布了多个制度文件。据 悉，此次发布的《实行道路散装运输许可制度的重点液态食品目录》《重点液态食品道路散装运输准运管 理办法》《重点液态食品道路散装运输联单管理工作规范》等制度文件，旨在贯彻落实党中央、国务院决 策部署 ...

Group 1 - The core viewpoint of the news is the launch of the Tianhong Industrial Metal ETF (159157), which focuses on industrial non-ferrous metals and has seen a cumulative increase of 123.19% since last year [1] - The ETF's core advantages include a precise focus on key industrial metals such as copper (34.7%), aluminum (20.2%), rare earths (12.5%), and lead-zinc (7%), which together account for over 70% of its holdings, directly linked to the upstream demand from emerging industries like new energy and AI [1] - The AI-driven demand surge is expected to significantly increase the need for industrial non-ferrous metals, particularly copper, while supply constraints due to insufficient capital expenditure and declining ore grades over the past decade will support long-term price increases [1] Group 2 - Rare earth metals have become crucial national strategic resources, with China's dominance in reserves, production, and smelting technology highlighting their strategic value amid US-China trade tensions [1] - The resource sector is entering an upward cycle, characterized by tight supply conditions and increasing global emphasis on resource security, making it likely for metal prices to rise in the long term [1] - The Tianhong ETF tracks the CSI Industrial Non-Ferrous Metal Theme Index, covering 30 leading companies in the sector, providing a convenient way to capitalize on investment opportunities driven by AI, strategic resources, and cyclical uptrends [2]

中国核电在牛市中走出独立下跌行情，令投资者困惑不已。那么，公司基本面上到底发生了什么？公司 股价还会再次在社保基金会成本价获得支撑吗？ 近一年多来，与A股走牛形成鲜明对比的是中国核电的股价疲弱走势，自2024年"9·24行情"以来（截至 2026年2月3日），中国核电股价落后上证指数61.71个百分点！而中国核电的股价也跌破了公司的回购 均价，并再次逼近全国社会保障基金理事会（以下简称社保基金会）的定增认购价。 《每日经济新闻》记者发现，虽然中国核电业绩承压股价疲弱，但公司布局的"战略新兴产业"业务表现 出不少亮点。 （文章来源：每日经济新闻） ...

Core Viewpoint - China Nuclear Power's stock price has underperformed significantly compared to the A-share market, raising concerns among investors about the company's future valuation and operational performance [1][2]. Group 1: Stock Performance - Since the "9.24 market" in 2024, China Nuclear Power's stock has declined by 13.71%, lagging behind the Shanghai Composite Index by 61.71 percentage points [1]. - The stock price has fallen below the company's average repurchase price and is approaching the subscription price set by the National Social Security Fund [1][4]. - As of January 31, 2026, the company repurchased 44.90 million shares at an average price of 9.02 CNY per share, while the closing price on February 3, 2026, was 8.56 CNY [3]. Group 2: Financial Performance - In the first three quarters of 2025, the company reported revenue of 61.64 billion CNY, an increase of 8.16% year-on-year, but net profit fell by 10.42% to 8.00 billion CNY [4]. - The decline in net profit has been attributed to various factors, including decreased market electricity prices and increased tax burdens [6]. - Long-term growth potential remains, with a target of 259.2 billion kWh of electricity generation in 2026, a 6.04% increase from 2025 [6]. Group 3: Strategic Developments - The company is focusing on "strategic emerging industries," including high-tech investments and the development of new energy sources [10]. - A new subsidiary has been established to focus on perovskite photovoltaic components, with a fully automated production line already in place [10]. - The company has also developed a medical isotope production base, reducing reliance on imports and aiming for further innovation in this area [10]. Group 4: Market Outlook - Analysts suggest that while the nuclear power segment remains stable, the new energy business is under pressure due to declining electricity prices [7][8]. - The introduction of strategic investors may dilute earnings per share in the short term, and fluctuations in nuclear fuel costs could impact overall performance [9]. - The upcoming annual report in April 2026 will be critical for assessing the company's profitability amid market reforms [10].

| 代码 | 名称 | 现价 | 涨跌 涨跌幅 ▼ | | | --- | --- | --- | --- | --- | | 516780 | 稀土ETF | 1.928 | 0.074 3.99% | | | 516150 | 稀土ETF嘉实 | 1.992 | 0.074 3.86% | | | 159715 | 稀土ETF易方达 | 1.314 | 0.048 | 3.79% | | 159713 | 稀土ETF | 1.434 | 0.048 | 3.46% | 稀土概念股走强，盛和资源涨超7%，金风科技涨超5%，北方稀土、中国稀土涨超4%。 受盘面影响，稀土ETF涨近4%。 （文章来源：每日经济新闻） 有券商表示，稀土作为高端制造与战略新兴产业的核心资源，正呈现供需两端共振格局。在供给集中度提升与需求 结构升级的背景下，稀土产业链的战略地位有望进一步巩固，为高端制造发展注入长期驱动力。 ...

证券日报网讯2月2日，中国核电（601985）在互动平台回答投资者提问时表示，公司敏捷端业务名称已 调整为战略新兴产业，目前正有序推动相关产业布局。公司控股设立的中核光电科技(上海)有限公司专 注于钙钛矿光伏组件的研发和制造，目前已建成刚性1600×1200mm全自动量产线，是行业内首条全国 产化产线，产品技术指标处于行业领先水平；公司已在秦山核电建成同位素生产基地，目前已实现 碳-14、钇-90、镥-177、锶-90等医用同位素商业化生产，打破源头进口依赖，为健康中国注入强劲动 力，公司未来将继续进行新型堆照同位素的开发，继续建设开发第二套同位素在线辐照生产装置。 ...

Core Viewpoint - The company is actively developing its strategic emerging industries, previously referred to as the agile end business, and has made significant advancements in various projects [1] Group 1: Business Development - The company has rebranded its agile end business to strategic emerging industries and is systematically promoting its related industrial layout [1] - The company has established a wholly-owned subsidiary, China Nuclear Power Technology (Shanghai) Co., Ltd., focusing on the research and manufacturing of perovskite photovoltaic components [1] - The company has built the first fully automated production line in the industry for rigid 1600×1200mm² components, which is the first domestically produced line in the country and has leading technical indicators in the industry [1] Group 2: Isotope Production - The company has established a medical isotope production base at Qinshan Nuclear Power, achieving commercial production of isotopes such as Carbon-14, Yttrium-90, Lutetium-177, and Strontium-90 [1] - This initiative has broken the dependency on imported sources, contributing significantly to the health sector in China [1] - The company plans to continue the development of new type pile irradiation isotopes and is working on the construction of a second online irradiation production facility for isotopes [1]