2026年的A股市场，指数在震荡中缓慢上行，但个股行情却冰火两重天。 很多散户朋友每天追逐涨停板、跟风热门题材，结果往往是高位被套、来回亏损。 然而，就在市场喧嚣的背后，一股"聪明钱"正在悄然行动。 以社保、公募、外资为代表的主力资金，正避开人声鼎沸的热门股，默默建仓一批看似低调、 实则内核强大的公司。 这些公司不是靠故事和概念炒作，它们普遍拥有五大特征：身处国家重点支持的高景气赛道、近三年业绩持续增长、当前估值处于 历史低位、拥有难以替代的技术壁垒、并且获得了中长期机构的持续加仓。 它们就像武侠小说里的"扫地僧"，平时不显山露水，却身怀绝技。 本文将为你 揭开这10只被主力悄悄看中的"隐形冠军"面纱，看看它们究竟凭什么能成为穿越市场周期的底气。 厦门钨业是一家拥有钨、稀土、锂电材料三大主业的资源巨头。 市场通常把它看作传统的周期品公司，忽视了其在新材料领域的成长性。 2025年，公司实 现营业收入464.69亿元，同比增长31.37%；归母净利润23.11亿元，同比增长35.08%。 在钨业务上，它是全球APT产能第一的企业，光伏切割用的钨丝全球 市占率超过80%。 在新能源材料领域，它的子公司厦钨新能是宁 ...

截至9月30日，中际旭创股东户数13.23万，较上期增加3.11%；人均流通股8353股，较上期减少3.02%。 2025年1月-9月，中际旭创实现营业收入250.05亿元，同比增长44.43%；归母净利润71.32亿元，同比增 长90.05%。 2月25日，中际旭创盘中上涨2.01%，截至11:24，报565.12元/股，成交64.70亿元，换手率1.06%，总市 值6279.15亿元。 资金流向方面，主力资金净流入1.13亿元，特大单买入16.68亿元，占比25.78%，卖出16.30亿元，占比 25.19%；大单买入21.42亿元，占比33.10%，卖出20.68亿元，占比31.96%。 中际旭创今年以来股价跌7.36%，近5个交易日涨1.69%，近20日跌3.40%，近60日涨21.79%。 资料显示，中际旭创股份有限公司位于山东省龙口市诸由观镇驻地，成立日期2005年6月27日，上市日 期2012年4月10日，公司主营业务涉及电机定子绕组制造装备的研发、设计、制造、销售与服务;光模块 设备制造。主营业务收入构成为：光通信收发模块97.58%，汽车电子1.74%，光组件0.67%。 中际旭创所属申万行 ...

Core Viewpoint - The U.S. Supreme Court ruled that the Trump administration's global tariff policy was illegal, leading to significant market reactions including a drop in the dollar and a surge in gold and silver prices [1][3]. Market Reactions - Following the ruling, the U.S. dollar index fell, while gold prices surged, with spot gold reaching over $5,100 per ounce, marking a more than 2% increase [4][6]. - Silver prices experienced even more dramatic increases, with a peak rise of nearly 9%, closing above $84 per ounce [4][6]. Stock Market Performance - Major U.S. stock indices rebounded, with the Nasdaq Composite rising by 0.90%, the Dow Jones Industrial Average increasing by 0.47%, and the S&P 500 up by 0.69% [7][8]. - European markets also followed suit, with significant gains across major indices such as Germany's DAX and the UK's FTSE 100 [7]. Sector Highlights - Technology stocks led the market rebound, with notable gains from companies like Google (up 3.74%), Apple (up 1.54%), and Amazon (up 2.56%) [8][10]. - The broader market saw concentrated gains in sectors related to advanced technology and high-end manufacturing, with increases ranging from 1.5% to 4% [10]. Chinese Stocks - Chinese concept stocks rebounded after five days of decline, with the Livermore Chinese Concept Stock Index rising by 0.94% [11]. - Notable individual stock performances included NetEase, which surged by 10.17%, and other companies like Tuniu and Pinduoduo also saw significant gains [11][12]. Economic Context - The Supreme Court's ruling alleviated trade uncertainties, positively impacting market risk appetite [3][15]. - Concurrently, disappointing U.S. GDP growth data for Q4 2025, reported at 1.4%, heightened recession concerns, further boosting gold's appeal as a safe haven [15].

Group 1 - MSCI announced the inclusion of 37 stocks in the MSCI China Index, including Hesai Technology, which will take effect after the market closes on February 27 [1] - Hesai Technology is the only lidar company included in this adjustment, which is expected to attract significant passive investment funds [1] - According to a report by Citi, Hesai Technology is projected to become the world's largest lidar supplier by 2024, with a monthly production and delivery capacity exceeding 200,000 units [1] Group 2 - In January 2026, Hesai Technology was selected as a lidar partner for NVIDIA's Hyperion 10 platform and has entered the C-sample stage with European automakers, indicating strong overseas market expansion potential [2] - The company has established production partnerships with 22 domestic and international automakers for 120 vehicle models, covering over 40 countries [2] - West Securities forecasts Hesai Technology's total revenue to reach 3.1 billion yuan, 4.8 billion yuan, and 6.1 billion yuan from 2025 to 2027, with corresponding net profits of 370 million yuan, 690 million yuan, and 1.09 billion yuan [2] Group 3 - Hesai Technology has three core competitive advantages: a well-defined management structure among its founders, leading R&D capabilities, and proprietary manufacturing processes [3] - The company was one of the first to propose a chip-based lidar approach, with its AT128 lidar being the first to achieve automotive-grade mass production [3] - Hesai plans to increase its production capacity to 4 million units by 2026, with a new factory in Thailand expected to begin operations in early 2027 [3]

Core Insights - Hesai Technology has achieved a market share of over 40% in the domestic passenger car front-mounted laser radar sector, with an annual market share of 41.35% and a monthly peak of 47%, maintaining the top position for four consecutive quarters [2] - The laser radar industry is at a critical development juncture in 2025, with penetration rates in the new energy passenger vehicle sector reaching 21%, and the overall passenger vehicle market penetration expected to break the 16% threshold by year-end, reaching 17%-19% [2] - The company leads in global patents and comprehensive strength in the laser radar field, being the only enterprise in the industry to achieve full-stack self-research on seven core components [2] Company Performance - Hesai Technology has secured production contracts with 38 automotive brands for over 150 models, covering the top ten domestic automakers, and has won contracts for L3-level autonomous driving from several domestic and international car manufacturers [3] - The company anticipates global total deliveries to exceed 1.6 million units in 2025, with 1.4 million units in ADAS and over 200,000 units in robotics, bringing historical cumulative deliveries to over 2.4 million units [3] - The flagship product ATX has achieved over one million units in its first year of delivery, with the upgraded version receiving over four million orders and set to begin mass production in April 2026 [2]

Core Viewpoint - Great Wall Motors has unveiled the official images of the Haval Menglong PLUS, which features both five-seat and seven-seat versions, and incorporates a plug-in hybrid power system with significant upgrades in size and technology [1][8]. Group 1: Design and Features - The exterior design retains the popular "boxy" shape of the Menglong series while introducing innovative details, including a new grille style that enhances its technological appeal and decorative side window trims for improved visual recognition [4][11]. - The vehicle dimensions are 4912mm in length, 1950mm in width, and 1905mm in height, with a wheelbase of 2850mm. It is equipped with laser radar and an upgraded intelligent driving assistance system to enhance safety and smart features [6][13]. Group 2: Powertrain and Performance - The Menglong PLUS offers options for lithium iron phosphate or ternary lithium battery packs, with three different battery capacities of 23.7kWh, 33.7kWh, and 44.7kWh. The WLTC range can reach up to 191km, providing users with a worry-free long-range experience [8][15]. - It continues to feature a 1.5T engine combined with Hi4 technology, delivering a maximum power output of 115 kW and a top speed of 190 km/h, suitable for both daily commuting and off-road adventures [8][15].

Core Insights - The construction of the Xihong Station's steel structure for the new Shenjiang Railway has made significant progress with the successful installation of the last 37.6-meter main truss beam, marking a key milestone in the project [1][5]. Group 1: Project Overview - The Xihong Station building covers an area of 9,991 square meters, featuring a core steel structure that includes a cross-line rain canopy and a wind and rain corridor [1]. - The main truss of the cross-line rain canopy spans 37.6 meters, while the steel beam of the wind and rain corridor spans 48 meters, with the heaviest single component weighing 27 tons, equivalent to the weight of 18 family cars [1]. Group 2: Construction Techniques - The project team has innovatively employed a "dual-machine combination + segmented assembly" method, utilizing both crawler cranes and truck cranes to minimize long-distance transportation risks and reduce high-altitude operation risks, thereby shortening the construction period by over 15% [2]. - To address the deformation risk of the 48-meter span wind and rain corridor steel beam, the team implemented a triangular truss "flat beam" lifting method, connecting the beam with five steel cables to balance the load and prevent deformation during lifting, significantly enhancing work efficiency [2]. Group 3: Safety Measures - Prior to construction, the project utilized BIM technology for 10 rounds of construction simulations and established a "smart monitoring + dedicated inspection + graded early warning" safety control system, employing laser radar and high-precision positioning technology for real-time monitoring to avoid high-altitude collision risks [2]. - During the lifting process, the construction team used total stations to monitor the verticality of the truss and implemented dual insurance measures for precise adjustments by high-altitude workers, ensuring that all indicators exceeded design standards [2]. Group 4: Future Developments - The project has completed the installation of 12 main trusses and 24 steel columns, with six large equipment sets deployed [5]. - The focus will now shift to the installation of the metal roof and electromechanical components, aiming to create a safe, controllable, high-quality, and technologically advanced station [5]. - The new Shenjiang Railway is a crucial part of China's "eight vertical and eight horizontal" high-speed rail network, and its completion will enhance the railway traffic network in the Guangdong-Hong Kong-Macao Greater Bay Area, significantly improving regional connectivity [7].

Market Performance - The A-share market saw a decline in the morning but rallied in the afternoon, with the Shanghai Composite Index closing up 1.29% at 4067 points, the Shenzhen Component Index up 2.19%, and the ChiNext Index up 1.86% [1] - The total market turnover was 2.57 trillion yuan, a decrease of 41 billion yuan compared to the previous trading day, with over 4800 stocks rising [1] Sector Highlights - The photovoltaic and BC battery sectors experienced significant growth, with stocks like Zeyun New Energy and Dike Co. hitting the daily limit [1] - The shipbuilding sector also saw gains, with Hailanxin rising over 15% [1] - The CPO concept stocks were active, with Tian Tong Co. and others reaching the daily limit [1] - Small metal stocks surged, with Dongfang Tantalum hitting the daily limit [1] - The commercial aerospace sector strengthened, with Shenjian Co. and others also reaching the daily limit [1] - Other sectors with notable gains included lidar, sapphire, large aircraft, engineering machinery, and aircraft carrier concepts [1] - Conversely, sectors such as banking, insurance, and liquor recorded declines [1]

在中国高端轿车市场，Model 3的不败神话，落幕。 上市三年的小米SU7，首次超越特斯拉Model 3在华全年销量，还多卖了5万多台车。 乘联会数据显示，2025年，小米汽车共交付了258,164辆小米SU7，成为中国最畅销的豪华电动汽车轿车。 而上一届"标杆"特斯拉Model 3，2025年在中国依旧畅销，全年交付量为200,361辆，同比增长约13%，但增速已不敌SU7。 在中国市场中，这是小米SU7首次全年超越Model 3，且交付量高出大约29%。 不过在外界看来，这个结果可能不算意外。 实际上，SU7从2024年发布到2025年末，21个月中，有13个月的单月销量超过了Model 3。 而这一进展也被外媒关注到，他们还总结出了小米实现超越的理由： 首先在定价上，没换代的标准版SU7，起售价是21.59万元，比Model 3的23.55万元低9%左右。 甚至中国市场之外，外媒也都关注到了这一进展，将SU7称作是"Model 3杀手"，就连美国网友都在眼馋，希望小米汽车能开到美国，自己会立刻下定一 台车。 怪不得特斯拉开年在中国上强度，又是七年低息，又是8000块补贴，摆明要猛提销量的架势。 但众所周 ...

Core Viewpoint - Dongtian Micro's stock price has shown volatility, with a recent increase of 2.19% on January 27, 2025, while the company has experienced a year-to-date decline of 2.42% [1][2]. Group 1: Stock Performance - As of January 27, 2025, Dongtian Micro's stock price is reported at 151.34 yuan per share, with a trading volume of 2.28 billion yuan and a turnover rate of 2.61%, resulting in a total market capitalization of 12.119 billion yuan [1]. - The stock has fluctuated with a 6.94% increase over the last five trading days, a 7.96% decrease over the last 20 days, and a significant 48.59% increase over the last 60 days [2]. Group 2: Financial Performance - For the period from January to September 2025, Dongtian Micro achieved a revenue of 637 million yuan, reflecting a year-on-year growth of 53.91%, while the net profit attributable to shareholders reached 80.03 million yuan, marking a 99.20% increase [2]. - The company has distributed a total of 20 million yuan in dividends since its A-share listing [3]. Group 3: Shareholder Information - As of November 10, 2025, the number of shareholders for Dongtian Micro is reported at 20,800, an increase of 0.87% from the previous period, with an average of 2,825 circulating shares per shareholder, a decrease of 0.86% [2]. - Notable new institutional shareholders include the Fuguo Innovation Technology Mixed Fund, holding 750,000 shares, and the Huaxia Excellent Growth Mixed Fund, holding 642,200 shares [3].