今天上午，两只行业龙头股引人关注。 值得一提的是，农业银行最新市净率（PB）为1.04倍，是目前六大行中市净率唯一突破1倍的银行。 一只是高股息资产的龙头股——农业银行。该股上午上涨1.14%，日线迎来14连阳，盘中股价再创历史新高，最新市值为2.79万亿元，居A股公司市值排 行榜首位。 另一只是AI算力龙头股——中际旭创（300308）。该股上午上涨0.7%，盘中股价创历史新高，总市值一度突破5000亿元。中际旭创上午成交额为128.57亿 元，居A股第一。 截至上午收盘，上证指数下跌0.44%，深证成指下跌0.81%，创业板指下跌0.89%。 工程机械板块走强 今天上午，工程机械板块走强，福事特（301446）、建设机械（600984）、南方路机等个股大涨。 据中国工程机械工业协会对挖掘机主要制造企业统计，2025年9月，销售各类挖掘机19858台，同比增长25.4%。其中国内销量9249台，同比增长21.5%； 出口量10609台，同比增长29%。2025年1—9月，共销售挖掘机174039台，同比增长18.1%；其中国内销量89877台，同比增长21.5%；出口84162台，同比 增长14.6%。 多 ...

| | V | 工程机械 3388.67 3.71% | A | © Q | | --- | --- | --- | --- | --- | | 成分股 | 基金 | 简况(F10) | 资金 | 板块分7 | | 名称代码 | | 最新 | 涨幅 ◆ | 流通市值 | | 铁拓机械 融 920706 | | 30.77 | 23.23% | 13亿 | | 五新隧装 融 920174 | | 63.40 | 10.57% | 55.2亿 | 今天上午，两只行业龙头股引人关注。 一只是高股息资产的龙头股——农业银行。该股上午上涨1.14%，日线迎来14连阳，盘中股价再创历史新高，最新市值为2.79万亿元，居A股公司市值排 行榜首位。 值得一提的是，农业银行最新市净率（PB）为1.04倍，是目前六大行中市净率唯一突破1倍的银行。 另一只是AI算力龙头股——中际旭创。该股上午上涨0.7%，盘中股价创历史新高，总市值一度突破5000亿元。中际旭创上午成交额为128.57亿元，居A股 第一。 截至上午收盘，上证指数下跌0.44%，深证成指下跌0.81%，创业板指下跌0.89%。 工程机械板块走强 今天上午，工程机械板 ...

板块题材方面，工程机械、风电设备、人造肉、页岩气、房地产、可控核聚变、流感板块涨幅居前；黄金概念、海南自贸区、燃气、电池、煤炭、稀土永磁 板块跌幅居前。 消息面上，昨日，现货黄金价格一度暴跌逾6.3%，创十余年来最大单日跌幅。 花旗银行预计，美国政府停摆结束及中美协议公布可能推动黄金在未来2-3周内进入震荡整理阶段。花旗银行表示短期内看跌黄金（此前看涨，现转为看 跌），设定0-3个月目标价为4000美元/盎司。 与黄金市场的短期谨慎态度形成对比，机构对A股市场的长期信心持续凸显。 潮新闻客户端 记者 俞叶波 10月22日，A股三大指数早盘集体下跌。 上证指数 ◀ 1A0001 LT 3899.05 高 3916.29 开 3896.07 量 3.5c 0.76% 额 4793.2 -17.28 -0.44% 低 3893.33 换 相关 ETF 2 上证综合ETF -0.29% 跟踪度 100% 分时 199日K 199周K 1999K 119五日 更多。 领先: 3904.58 最新: 3899.05 -17.28 -0.44% 3939.33 0. 3927.83 0. -0. 33 -0. 11:30 ...

展会时间： 2026年04月07-09日 展览行业： 工程机械、矿业 主办单位： IEG 展览公司 展会地点： 乌兹别克斯坦塔什干展览中心 举办周期： 一年一届 组展单位：北京盛瑞达展览--桂萍萍135贰①酒山溜酒⑧贰，更多国外工程机械展点击主页关注我哦（注：展会展位图已出图 展位预订通道已开启） 同期展会： 乌兹别克斯坦冶金及金属加工展览会 Uz Metal Mash Expo 千亿级投资计划： 政府未来五年投入300亿美元升级矿业基础设施，推动矿业投资年增速达20%，设备需求年增速同步达20%。 关键资源禀赋： 黄金储量全球第4（占全球28%）、铀矿储量全球第7（占全球42%），铜、煤炭等超百种未开发矿藏亟待开发。 本地化政策红利： 要求矿业设备本地化率超55%，中企可通过合资建厂享受"前5年免税+后5年减税"优惠，设备进口关税低至5%。 展品范围围绕主题构建 "四维产业矩阵"，覆盖全产业链核心环节 智能开采设备： 5G远程操控装载机/钻机、全液压掘进机、无人驾驶矿卡（氢能技术）、全电无人钻机。 高效选矿技术： 耐50℃高温浮选设备、零水耗锂提取技术、模块化选矿厂、低品位铜矿生物浸出技术。 配套关键设备： ...

Core Insights - Jiangsu province contributes nearly 10% of China's GDP, with a projected GDP of over 13.7 trillion yuan in 2024, driven by robust industrial clusters and efficient supply chain networks [1] - The traditional supply chain finance model, heavily reliant on core enterprise credit, is facing challenges and is undergoing a transformation towards a data-driven credit system [5][6] Supply Chain Challenges - Many small and medium-sized enterprises (SMEs) in Jiangsu's manufacturing sector struggle with financing due to reliance on traditional collateral methods, which do not suit their operational models [2][3] - The "nuclear control" model, which depends on core enterprises for credit, creates significant credit risks and fails to support the financing needs of smaller enterprises [3][4] Innovative Solutions - The emergence of the "de-nuclearization" model aims to reduce reliance on core enterprise credit by utilizing data credit systems, allowing for a more inclusive financing approach [5][6] - Companies like Qingtian Technology have successfully implemented innovative financing solutions, such as "Quick Payment," which leverages transaction data to facilitate quicker access to loans for SMEs [6][7] Collaborative Financing Models - XuGong Group has developed its own supply chain finance platform, XuGong Rongpiao, to integrate suppliers and financial resources, although it initially faced challenges with traditional financing models [4][8] - New risk-sharing mechanisms have been introduced, allowing for a more collaborative approach between core enterprises and financial institutions, enhancing credit access for SMEs [8][9] Policy and Technological Support - The Chinese government is promoting the "de-nuclearization" model through policies that encourage the use of data credit and support financing for SMEs [11][12] - Jiangsu province is actively exploring digital financial services to innovate supply chain financing, aiming to create a comprehensive credit evaluation system [11][12] Future Directions - The shift towards a decentralized credit system based on real transaction data is expected to enhance the resilience of supply chains and foster closer cooperation among industry players [12][13] - Financial institutions are encouraged to adopt multi-dimensional analyses of supply chain clients to support the development of data credit systems, which will be crucial for the future of supply chain finance [12][13]

Core Viewpoint - The market is experiencing a downward trend with the Shanghai Composite Index falling by 0.44% and various sectors such as coal and non-ferrous metals declining, while the artificial meat concept remains active [1] Market Performance - As of the midday close, the Shanghai Composite Index is at 3899.05 points, down 0.44%, the Shenzhen Component is down 0.81%, and the ChiNext Index is down 0.89%. In contrast, the North China 50 Index has risen by 1.19% [1] - The total trading volume across the Shanghai, Shenzhen, and North exchanges reached 1.1142 trillion yuan [1] Sector Analysis - Sectors such as coal, non-ferrous metals, semiconductors, and brokerage firms are experiencing declines, while engineering machinery, real estate, oil, and pharmaceuticals are seeing gains. The artificial meat, industrial mother machines, and biological vaccine concepts are particularly active [1] Economic Outlook - Dongguan Securities indicates that the index has reached a high point, leading to increased capital divergence and potential short-term fluctuations due to profit-taking. However, as tariff disturbances are gradually resolved, the economy is expected to continue recovering in the fourth quarter supported by policy measures [1] - The expectation of interest rate cuts by the Federal Reserve may attract foreign capital inflows, while the decline in domestic risk-free interest rates enhances the investment value of A-shares, potentially driving more domestic capital into the stock market [1] Investment Strategy - The market may face short-term fluctuations, but the medium-term upward trend is expected to continue. It is advised to maintain flexible positions, avoid blind chasing of highs, and actively adjust holdings based on economic conditions and valuation [1]

Market Overview - The three major A-share indices collectively declined, with the Shanghai Composite Index down 0.44% at 3899.05 points, the Shenzhen Component Index down 0.81%, and the ChiNext Index down 0.89% [1] - The total trading volume in the Shanghai and Shenzhen markets was 111.41 billion yuan, a decrease of 49.1 billion yuan from the previous day, with over 2800 stocks declining [1] Sector Performance - The industrial machinery sector continued to strengthen, with China's engineering machinery import and export trade volume in September increasing by 29.1% year-on-year; notable stocks included Iron Tuo Machinery rising over 22% and Construction Machinery and Southern Road Machinery hitting the daily limit [1] - The deep earth economy concepts, including combustible ice and shale gas, remained active, with Shen Kai Co. and Petrochemical Machinery achieving three consecutive daily limits, and Petrochemical Oil Services hitting the daily limit [1] - Real estate stocks rose against the trend, with Yingxin Development achieving three consecutive daily limits and Tianbao Infrastructure and Guangming Real Estate hitting the daily limit; an article from Economic Daily emphasized the need for efforts to stabilize the real estate market [1] - The plant-based meat concept stocks saw a general rise, with Shuangta Food hitting the daily limit and Suobao Protein rising over 8%; Beyond Meat, the "first stock of plant-based meat" in the US, surged 450% over two days [1] Declining Sectors - Gold stocks collectively retreated, with Hunan Silver down over 8%, and Silver Nonferrous and Western Gold down over 6%; gold prices experienced the largest single-day drop in 12 years, barely holding above $4000 [1] - The battery sector faced significant declines, with Fangyuan Co. down over 9%, and Boliview and Haike New Source down over 7% [1]

Market Overview - A-shares experienced fluctuations and retreated, with the Shenzhen Component Index and ChiNext Index turning red after briefly rising [1] - The total trading volume in the Shanghai and Shenzhen markets was 1.1 trillion, a decrease of 53.5 billion compared to the previous trading day [1] Sector Performance - The deep earth economy concept continued to show strength, with ShenKai Co. and Petrochemical Machinery achieving three consecutive trading limit ups [3] - The Hubei state-owned assets concept maintained its momentum, with Wuhan Holdings and Hubei Broadcasting advancing to two consecutive trading limit ups [3] - The controllable nuclear fusion concept regained strength, with AnTai Technology and Atlantic both hitting trading limit ups [3] - In contrast, the gold sector experienced a collective pullback, with Hunan Silver hitting the trading limit down [3] - The natural gas sector weakened, with Guo Xin Energy also hitting the trading limit down [3] - Sectors such as engineering machinery, plant-based meat, and wind power saw significant gains, while gold and battery sectors faced notable declines [3] - By the end of the trading session, the Shanghai Composite Index fell by 0.44%, the Shenzhen Component Index dropped by 0.81%, and the ChiNext Index decreased by 0.89% [3]

Core Viewpoint - The A-share market experienced a collective decline in the morning session, with the Shanghai Composite Index down by 0.44%, the Shenzhen Component Index down by 0.81%, and the ChiNext Index down by 0.89% [1] Sector Performance Gaining Sectors - The engineering machinery sector led the gains with an increase of 3.72%, totaling a transaction volume of 1,060.41 million hands and a transaction value of 140.15 billion [2] - The wind power equipment sector rose by 2.17%, with a transaction volume of 746.30 million hands and a transaction value of 122.16 billion [2] - The real estate sector saw an increase of 1.57%, with a transaction volume of 3,928.84 million hands and a transaction value of 235.73 billion [2] - The oil and gas extraction and services sector increased by 1.30%, with a transaction volume of 1,591.48 million hands and a transaction value of 87.76 billion [2] - The pharmaceutical commercial sector rose by 1.08%, with a transaction volume of 229.30 million hands and a transaction value of 30.14 billion [2] Declining Sectors - The audio-visual sector experienced the largest decline at -5.21%, with a transaction volume of 620.57 million hands and a transaction value of 114.15 billion [2] - The battery sector fell by 1.90%, with a transaction volume of 1,179.42 million hands and a transaction value of 363.81 billion [2] - The coal mining and processing sector decreased by 1.72%, with a transaction volume of 1,384.12 million hands and a transaction value of 91.63 billion [2] - The gas sector declined by 1.44%, with a transaction volume of 857.21 million hands and a transaction value of 56.91 billion [2] - The energy metals sector saw a decrease of 1.28%, with a transaction volume of 186.52 million hands and a transaction value of 81.01 billion [2]

Core Viewpoint - The engineering machinery industry is experiencing a sustained recovery, with significant growth in excavator sales and advancements in automation equipment, indicating positive market trends and investment opportunities [1]. Industry Summary - The industrial mother machine ETF (159667) rose over 1.1% on October 22, reflecting positive market sentiment [1]. - Excavator sales reached 174,000 units in the first three quarters of 2025, representing a year-on-year increase of 18.1%. September alone saw a sales increase of 25.4% year-on-year, driven by strong domestic demand (+21.5%) and foreign demand (+29.0%) [1]. - The overseas market is performing well, with manageable trade friction risks, as Chinese manufacturers continue to deepen their presence in Southeast Asia, Europe, and South America [1]. - In the automation equipment sector, significant progress is noted in the domestic humanoid robot industry, with companies like UBTECH receiving a 32 million yuan order for the Walker S2, and Xiaomi expanding its third-generation CyberOne robot [1]. - Hangzhou has accelerated its industrial layout through the introduction of the country's first embodied intelligence regulations [1]. Company Summary - The industrial mother machine ETF (159667) tracks the China Securities Machine Tool Index (931866), which selects 50 listed companies involved in machine tool manufacturing and services to reflect the overall performance of China's machine tool industry [1]. - The index covers various sub-sectors, including CNC systems and bearings, serving a wide range of industries such as industrial and electronics [1].