2026.02.25 本文字数：572，阅读时长大约1分钟 作者 |一财阿驴 09:26磷化工板块延续活跃，澄星股份2连板，和邦生物、六国化工、川金诺、云天化、川发龙蟒跟涨。 消息面上，2月18日，特朗普签署行政令，将元素磷及草甘膦等关键除草剂纳入国防关键物资。白宫认 定其供应中断将直接威胁美国国防工业与粮食安全，指示农业部与国防部制定配套措施，保障两类物资 的本土稳定供应。 09:25 A股开盘丨三大指数小幅高开 沪指高开0.15%，深成指高开0.21%，创业板指高开0.15%，科创综指高开0.22%。 | 代码 | 名称 | 两日图 | 现价 | 涨跌 | 涨跌幅 | | --- | --- | --- | --- | --- | --- | | 000001 | 上证指数 | 15/ 1 | 4123.78 | 6.37 | 0.15% | | 399001 | 深证成指 | M | 14322.24 | 30.68 | 0.21% | | 399006 | 创业板指 | | 3313.09 | 4.83 | 0.15% | | 000680 | 科创综指 | IN | 1802.19 | 3.98 | ...

问：此前加拿大、英国领导人访华时，中方表示将对两国实施单方面免签政策。请问目前进展 如何？ 答：为进一步便利中外人员往来， 中方决定自2026年2月17日起，对加拿大、英国持普通护照 人员实施免签政策 ，两国持普通护照人员来华经商、旅游观光、探亲访友、交流访问、过境 不超过30天，可免办签证入境 。上述免签政策 实施至2026年12月31日 。 今天（15日），外交部发言人就对加拿大、英国实施免签政策答记者问。 来源丨央视新闻 编辑丨金珊 王菲确认演唱曲目，王一博、易烊千玺等现身，央视2026春晚最新剧透来了 平安人寿再举牌，疯狂扫货港股金融圈 科研巨头西北院第6家IPO启动，500亿超导龙头控股，毛利率超40% SFC 21君荐读 ...

Investment Rating - The report assigns an "Accumulate" rating for the industrial gas industry [1] Core Insights - The industrial gas prices are experiencing low fluctuations for liquid oxygen and nitrogen, while liquid argon prices continue to rise significantly year-on-year. Rare gas prices are also fluctuating at low levels. Notable events include Hangyang winning a bid for a large 4.5K low-temperature system, marking its entry into the superconducting field, and Guanggang Gas changing its fundraising project to focus on the Wuhan semiconductor and Huaxing Optoelectronics T8 projects [2][3] Summary by Sections Price Trends - Liquid oxygen average price: 328 RMB/ton, down 2.4% month-on-month, unchanged year-on-year - Liquid nitrogen average price: 357 RMB/ton, down 1.7% month-on-month, up 1% year-on-year - Liquid argon average price: 1029 RMB/ton, down 6.79% month-on-month, up 139% year-on-year - Rare gases average prices show the following trends: - High-purity helium (cylinder): 590.46 RMB/cylinder, down 2.58% month-on-month, down 10.39% year-on-year - Xenon: 20500 RMB/cubic meter, unchanged month-on-month, down 29.31% year-on-year - Krypton: 190 RMB/cubic meter, unchanged month-on-month, down 39.68% year-on-year - Neon: 110 RMB/cubic meter, unchanged month-on-month, down 12% year-on-year [4][5][6] Production Capacity - The average operating load rate for China's industrial gas sector is 66.73%, down 1.88 percentage points month-on-month [8] Key Events - Hangyang Group has successfully bid for a large 4.5K low-temperature system project, marking its entry into the superconducting equipment sector. Guanggang Gas has announced changes to its fundraising projects, redirecting funds to the Wuhan semiconductor project and Huaxing Optoelectronics T8 project [4][5]

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Group 1 - The core viewpoint of the article highlights the performance of specific stocks in the A-share market, particularly focusing on the surge in robot concept stocks and storage chip stocks [1] - A total of 67 stocks reached their daily limit up on January 16, with notable performances from *ST HeKe, which achieved a four-day limit up, and Kangqiang Electronics, which saw a two-day limit up [1] - The article provides a detailed list of stocks that have achieved consecutive limit ups, including BoFei Electric with five consecutive days, and other companies like DeBang Shares and XinHua Department Store with three consecutive days [1] Group 2 - The stocks listed under the robot concept include *ST HeKe and DeBang Shares, indicating a strong interest and potential growth in this sector [1] - The storage chip sector is represented by Kangqiang Electronics, which has shown a two-day limit up, reflecting positive market sentiment towards this industry [1] - Other sectors mentioned include retail with XinHua Department Store and non-ferrous metals with WuKang Development, showcasing a diverse range of industries experiencing growth [1]

Market Overview - The Shanghai Composite Index closed at 4085.77 points, up 0.05%, with a trading volume of 11,974 billion yuan [1] - The Shenzhen Component Index closed at 14,030.56 points, up 0.06%, with a trading volume of 16,567.97 billion yuan [1] - The ChiNext Index closed at 3,329.69 points, up 0.31%, with a trading volume of 7,632.51 billion yuan [1] - The STAR Market 50 Index closed at 1,443.39 points, up 0.99%, with a trading volume of 871 million yuan [1] - The total trading volume of both markets was 28,541.97 billion yuan, an increase of 475.91 billion yuan compared to the previous trading day [1] Sector Performance - Strong sectors included coal, electronics, telecommunications, power equipment, pharmaceutical biology, construction decoration, steel, and machinery equipment [2] - Weak sectors included oil and petrochemicals, securities, beauty care, education, banking, and precious metals [2] - The top-performing stocks were concentrated in electronics, machinery equipment, chemicals, telecommunications, and pharmaceutical biology [2] Individual Stock Performance - 2,078 stocks rose, while 3,003 stocks fell, with 93 stocks remaining flat and 9 stocks suspended [2] - Among the stocks with the most consecutive daily limits, Victory Energy led with 14 consecutive limit-ups [4] - 110 stocks saw net inflows exceeding 100 million yuan, with Aerospace Development receiving the highest net inflow of 1.933 billion yuan [8][9] Fund Flow Analysis - The net outflow of main funds in the Shanghai and Shenzhen markets was 47.198 billion yuan, with the ChiNext seeing a net outflow of 17.043 billion yuan [5] - Seven sectors experienced net inflows, with the telecommunications sector seeing the highest inflow of 2.814 billion yuan [5] - The defense industry had the largest net outflow of 8.7 billion yuan, followed by computer, automotive, electronics, and power equipment sectors [5] Institutional Activity - Institutions had a net buy of 2.12 billion yuan, with the highest net buy in Sanbo Brain Science at approximately 266.27 million yuan [14][15] - The most sold stock by institutions was Goldwind Technology, with a net sell of approximately 406.44 million yuan [14][15]

Market Overview - On December 23, 2025, the A-share market saw all three major indices close higher, with the Shanghai Composite Index at 3919.98 points, up 0.07%, the Shenzhen Component Index at 13368.99 points, up 0.27%, and the ChiNext Index at 3205.01 points, up 0.41%. However, the overall market had more decliners than gainers, with over 3800 stocks declining. The total trading volume in the Shanghai and Shenzhen markets was 1.90 trillion yuan, an increase of 37.9 billion yuan from the previous trading day [1] - In the Hong Kong market, all three major indices turned negative, with the Hang Seng Index down 0.11% or 27.63 points, closing at 25774.14 points, and a total trading volume of 157.13 billion HKD. The Hang Seng China Enterprises Index fell 0.29% to 8913.83 points, while the Hang Seng Tech Index decreased by 0.69% to 5488.89 points [1] - In the U.S. market, the three major indices had mixed results, with the Dow Jones Industrial Average up 0.61% to 47716.42 points, the S&P 500 up 0.54% to 6849.09 points, and the Nasdaq Composite up 0.65% to 23365.69 points [1] New Stock Listing - The new stock "Jianxin Superconductor" listed on the Sci-Tech Innovation Board with a stock code of 688805, priced at 18.58 yuan per share and a price-to-earnings ratio of 61.97 times. The company is a leading player in the core components of medical magnetic resonance imaging (MRI) equipment, focusing on the R&D, production, and sales of superconducting magnets, permanent magnets, and gradient coils. It has established a comprehensive product matrix in the superconducting field, becoming the world's top independent supplier of superconducting magnets in the MRI industry [2] Important News - The Guangxi Futures Exchange announced adjustments to the trading fee standards, price fluctuation limits, and margin standards for platinum, palladium, and lithium carbonate futures contracts, effective from December 25, 2025. The trading fee for platinum and palladium futures will be adjusted to 0.025% of the transaction amount, while the fee for lithium carbonate futures will be set at 0.032%. The price fluctuation limit for platinum and palladium futures will be adjusted to 10%, with a margin requirement of 12% [3] - The sixth batch of national high-value medical consumables procurement has officially started, focusing on drug-coated balloons and urological intervention consumables, with bids opening on January 13, 2026. This round of procurement introduces two new features: the concept of anchor pricing and a multi-revival mechanism. The anchor pricing aims to balance price reduction and prevent malicious underpricing, helping to avoid excessive competition and collusion among companies [4]

Group 1 - The smart driving concept continues to be active, with Zhejiang Shibao achieving five consecutive trading limits, and several other stocks such as Wanjie Technology, Minde Electronics, Weidi Co., and Duolun Technology opening high [1] - The A-shares opened collectively higher, with the Shanghai Composite Index up 0.26%, the Shenzhen Component Index up 0.65%, and the ChiNext Index up 1.01% [2][3] - The Hainan Free Trade Zone concept stocks are gaining traction, with strong performances in CPO, superconductors, Yushu Robotics, duty-free shops, superhard materials, and smart driving themes [3] Group 2 - Changan Automobile opened over 3% higher, marking the launch of the first L3-level autonomous driving special license plate "Yu AD0001Z" in Chongqing, indicating the company's leadership in the L3 autonomous driving era [3] - Zhuoran Co. opened over 11% lower due to an announcement regarding suspected violations of information disclosure laws, leading to an investigation by the China Securities Regulatory Commission [4][5] Group 3 - The Hong Kong stock market opened with the Hang Seng Index up 0.41% and the Hang Seng Tech Index up 0.61%, with tech stocks generally performing well, including significant gains for Horizon Robotics, SenseTime, SMIC, Meituan, and Xiaopeng Motors [6][7] - The central bank conducted a 673 billion yuan reverse repurchase operation with a rate of 1.40%, with 1,309 billion yuan of reverse repos maturing today [5]

Market Overview - On December 19, the Shanghai Composite Index closed at 3890.45 points, up 0.36%, with a trading volume of 738.1 billion yuan. The Shenzhen Component Index closed at 13140.21 points, up 0.66%, with a trading volume of 987.849 billion yuan. The ChiNext Index closed at 3122.24 points, up 0.49%, with a trading volume of 444.704 billion yuan. The total trading volume of both markets was 1.725949 trillion yuan, an increase of 70.462 billion yuan compared to the previous trading day [1]. Sector Performance - Various sectors showed positive performance, with retail, real estate, light industry manufacturing, environmental protection, education, steel, textile and apparel, and automotive sectors leading the gains. Concepts such as duty-free, Hainan Free Trade Zone, rental and sale rights, dairy, beer, community group buying, superconductors, and controllable nuclear fusion were notably active. Conversely, banking, precious metals, and electronics sectors experienced declines [2]. Fund Flow Analysis - The main funds in the Shanghai and Shenzhen markets experienced a net outflow of 4.444 billion yuan, with the ChiNext seeing a net outflow of 3.881 billion yuan. However, the CSI 300 index saw a net inflow of 0.988 billion yuan, and the Sci-Tech Innovation Board had a net inflow of 0.925 billion yuan. Among the 31 primary industries, 12 sectors had net inflows, with the automotive sector leading at 2.348 billion yuan [3]. Individual Stock Performance - A total of 2077 stocks saw net inflows, with 83 stocks receiving over 1 billion yuan in net inflows. The stock with the highest net inflow was Xue Ren Group, with 1.379 billion yuan, followed by Shan Zi Gao Ke, Aerospace Development, N You Xun, Gan Feng Lithium, and Salt Lake Co., with net inflows of 1.059 billion yuan, 0.928 billion yuan, 0.748 billion yuan, 0.641 billion yuan, and 0.473 billion yuan respectively [5]. Major Sell-offs - There were 3085 stocks that experienced net sell-offs, with 72 stocks seeing over 1 billion yuan in net outflows. The stock with the highest net outflow was Meinian Health, with 0.942 billion yuan, followed by Saiwei Electronics, Shunhao Co., Shenghong Technology, and Xiangnan Chip, with net outflows of 0.719 billion yuan, 0.545 billion yuan, 0.500 billion yuan, and 0.481 billion yuan respectively [7]. Institutional Activity - According to the post-market data, institutional investors had a net sell of approximately 27.7851 million yuan, with 11 stocks seeing net purchases and 12 stocks experiencing net sales. The stock with the highest net purchase was Aerospace Intelligence, with 90.6183 million yuan, followed by Shan Zi Gao Ke, West Materials, and Hua Ren Health [9][10].

Market Overview - The A-share market showed an overall increase today, with the Shanghai Composite Index rising by 0.36% to close at 3890.45 points, the Shenzhen Component Index increasing by 0.66% to 13140.21 points, and the ChiNext Index up by 0.49% to 3122.24 points. The total trading volume in the Shanghai and Shenzhen markets reached 17259 billion, an increase of 704 billion compared to the previous trading day [1][2]. Industry Performance - Among the primary industries, retail, comprehensive services, light manufacturing, environmental protection, social services, and real estate sectors led the gains, with increases of 3.66%, 2.22%, 2.17%, 2.06%, 2.03%, and 2.01% respectively. Conversely, the banking, coal, and electronics sectors experienced declines of 0.44%, 0.29%, and 0.29% respectively [1][2]. Concept Sector Performance - The concept sectors that saw the highest gains today included Hainan Free Trade Port, dairy industry, nuclear fusion, three-child policy, cross-strait integration, rare earth permanent magnets, nuclear power, initial public offerings, lithium mining, cross-border e-commerce, duty-free shops, anti-tariff, superconductors, minimum market value, and primary real estate developers. In contrast, sectors such as optical modules, photolithography machines, GPUs, semiconductor silicon wafers, memory, copper-clad laminates, and optical chips experienced pullbacks [2].