格隆汇2月5日｜欧盟宣布调查公司，金风科技A股大幅下跌超9%，H股目前跌超5%。 消息上，欧盟委 员会依据《外国补贴条例》（FSR），正式对中国风电整机制造商金风科技启动深入调查。调查聚焦于 其在欧销售风力发电机组及相关服务的活动中，是否接受了扭曲市场竞争的政府补贴。这项始于2024年 4月的审查，预计将持续至2027年秋季。 表面上，这是一次针对单家企业的合规性审查。实则，它是欧 盟动用全新监管工具，对其清洁能源产业链发起系统性保护的最新动作。有分析指出，欧盟调查的官方 理由是"不公平补贴"，但这把"屠刀"真正想阻击的，是中国风电产业凭借完整供应链和激进创新挥出的 成本优势。 ...

1. Report Industry Investment Rating - No relevant information provided. 2. Core Viewpoints of the Report - Since 2026, the continuous improvement of the stock market is the result of the joint action of factors such as the resonance of the technology cycle, the release of policy dividends, the improvement of economic recovery, and the return of overseas funds. In February, the overall situation is still expected to continue the phased positive pattern. February is in the window period of the "Spring Market", coupled with the release of policy dividends at the beginning of the "15th Five - Year Plan", the profit expectations of the main lines such as AI and overseas expansion are clear. At the same time, the seasonal recovery of the consumer side and the implementation of investment projects will further enhance market confidence. However, with the approaching of the Spring Festival holiday, there may be large fluctuations in overseas capital markets during the holiday, especially geopolitical risks, and potential disturbances need to be vigilant [2]. 3. Summary According to Relevant Catalogs 3.1 Stock Index Futures Market - **IF Contracts**: The previous two - day closing prices of IF contracts (current month, next month, next quarter, and far - quarter) were 4657.60, 4653.00, 4625.00, and 4576.20 respectively, and the previous day's closing prices were 4698.80, 4693.60, 4665.00, and 4611.00 respectively. The price increases were 45.00, 42.40, 37.60, and 32.00 respectively, and the corresponding price increase rates of the CSI 300 were 0.97, 0.91, 0.81, and 0.70 respectively. The trading volumes were 20774.00, 65238.00, 17565.00, and 7368.00 respectively, and the positions were 31278.00, 159248.00, 75130.00, and 27954.00 respectively. The changes in positions were - 4353.00, - 11006.00, - 1529.00, and - 546.00 respectively [1]. - **IH Contracts**: The previous two - day closing prices of IH contracts (current month, next month, next quarter, and far - quarter) were 3032.80, 3033.00, 3025.20, and 2999.80 respectively, and the previous day's closing prices were 3071.60, 3071.80, 3065.80, and 3036.80 respectively. The price increases were 41.60, 42.20, 42.00, and 38.00 respectively, and the corresponding price increase rates of the SSE 50 were 1.37, 1.39, 1.39, and 1.27 respectively. The trading volumes were 9444.00, 33658.00, 6464.00, and 3162.00 respectively, and the positions were 13571.00, 59111.00, 23822.00, and 10060.00 respectively. The changes in positions were - 2214.00, - 3666.00, - 1910.00, and - 151.00 respectively [1]. - **IC Contracts**: The previous two - day closing prices of IC contracts (current month, next month, next quarter, and far - quarter) were 8295.80, 8282.00, 8189.60, and 8095.00 respectively, and the previous day's closing prices were 8321.00, 8313.60, 8216.00, and 8105.00 respectively. The price increases were 36.40, 40.40, 33.00, and 22.00 respectively, and the corresponding price increase rates of the CSI 500 were 0.44, 0.49, 0.40, and 0.27 respectively. The trading volumes were 29003.00, 100543.00, 37249.00, and 14601.00 respectively, and the positions were 36698.00, 145579.00, 95513.00, and 40043.00 respectively. The changes in positions were - 4487.00, - 5519.00, 1217.00, and - 542.00 respectively [1]. - **IM Contracts**: The previous two - day closing prices of IM contracts (current month, next month, next quarter, and far - quarter) were 8213.00, 8183.00, 8031.00, and 7885.80 respectively, and the previous day's closing prices were 8230.00, 8203.40, 8045.20, and 7888.60 respectively. The price increases were 19.20, 12.60, 10.60, and 8.20 respectively, and the corresponding price increase rates of the CSI 1000 were 0.23, 0.15, 0.13, and 0.10 respectively. The trading volumes were 38126.00, 136596.00, 37630.00, and 16012.00 respectively, and the positions were 54982.00, 186743.00, 108653.00, and 53144.00 respectively. The changes in positions were - 3669.00, - 2801.00, 2692.00, and 1782.00 respectively [1]. - **Inter - month Spreads**: The current values of the inter - month spreads of IF, IH, IC, and IM contracts were - 5.20, 0.20, - 7.40, and - 26.60 respectively, and the previous values were - 4.60, 0.20, - 13.80, and - 30.00 respectively [1]. 3.2 Stock Index Spot Market - **CSI 300 Index**: The previous value of the index was 4698.68, the trading volume was 264.88 billion lots, and the total trading amount was 6360.19 billion yuan. The previous two - day value was 4660.11, the trading volume was 265.55 billion lots, and the total trading amount was 6666.27 billion yuan. The price increase rate was 0.83 [1]. - **SSE 50 Index**: The previous value of the index was 3069.24, the trading volume was 61.04 billion lots, and the total trading amount was 1698.82 billion yuan. The previous two - day value was 3034.58, the trading volume was 64.83 billion lots, and the total trading amount was 1927.80 billion yuan. The price increase rate was 1.14 [1]. - **CSI 500 Index**: The previous value of the index was 8299.06, the trading volume was 268.86 billion lots, and the total trading amount was 5018.87 billion yuan. The previous two - day value was 8286.70, the trading volume was 272.23 billion lots, and the total trading amount was 5432.64 billion yuan. The price increase rate was 0.15 [1]. - **CSI 1000 Index**: The previous value of the index was 8207.12, the trading volume was 316.46 billion lots, and the total trading amount was 5162.15 billion yuan. The previous two - day value was 8209.10, the trading volume was 299.22 billion lots, and the total trading amount was 5257.60 billion yuan. The price increase rate was - 0.02 [1]. - **Industry Indexes**: Different industries had different price increase rates. For example, the energy industry had a price increase rate of 4.80%, the raw materials industry had a rate of 0.66%, the industrial industry had a rate of 2.79%, and the optional consumer industry had a rate of 1.64%. The main consumer industry had a rate of 2.73%, the pharmaceutical and healthcare industry had a rate of 1.19%, the real estate and finance industry had a rate of 1.46%, and the information technology industry had a rate of - 1.89%. The telecommunications business industry had a rate of - 3.29%, and the public utilities industry had a rate of 1.38 [1]. 3.3 Futures - Spot Basis - **IF Contracts and CSI 300**: The previous values of the basis of IF contracts (current month, next month, next quarter, and far - quarter) relative to the CSI 300 were 0.12, - 5.08, - 33.68, and - 87.68 respectively, and the previous two - day values were - 2.51, - 7.11, - 35.11, and - 83.91 respectively [1]. - **IH Contracts and SSE 50**: The previous values of the basis of IH contracts (current month, next month, next quarter, and far - quarter) relative to the SSE 50 were 2.36, 2.56, - 3.44, and - 32.44 respectively, and the previous two - day values were - 1.78, - 1.58, - 9.38, and - 34.78 respectively [1]. - **IC Contracts and CSI 500**: The previous values of the basis of IC contracts (current month, next month, next quarter, and far - quarter) relative to the CSI 500 were 21.94, 14.54, - 83.06, and - 194.06 respectively, and the previous two - day values were 9.10, - 4.70, - 97.10, and - 191.70 respectively [1]. - **IM Contracts and CSI 1000**: The previous values of the basis of IM contracts (current month, next month, next quarter, and far - quarter) relative to the CSI 1000 were 22.88, - 3.72, - 161.92, and - 318.52 respectively, and the previous two - day values were 3.90, - 26.10, - 178.10, and - 323.30 respectively [1]. 3.4 Other Domestic and Overseas Indexes - **Domestic Indexes**: The previous values of the Shanghai Composite Index, Shenzhen Component Index, Small and Medium - sized Board Index, and ChiNext Index were 4102.20, 14156.27, 8526.31, and 3311.51 respectively, and the previous two - day values were 4067.74, 14127.11, 8524.43, and 3324.89 respectively. The price increase rates were 0.85%, 0.21%, 0.02%, and - 0.40% respectively [1]. - **Overseas Indexes**: The previous values of the Hang Seng Index, Nikkei 225, S&P 500, and DAX Index were 26847.32, 54293.36, 6882.72, and 24603.04 respectively, and the previous two - day values were 26834.77, 54720.66, 6917.81, and 24780.79 respectively. The price increase rates were 0.05%, - 0.78%, - 0.51%, and - 0.72% respectively [1]. 3.5 Macro Information - President Xi Jinping had a phone call with US President Trump, emphasizing the importance of the Taiwan issue and asking the US to handle the issue of arms sales to Taiwan carefully. He also had a video meeting with Russian President Putin, stating that China and Russia should promote the international community to adhere to fairness and justice and maintain global strategic stability [2]. - The central bank deployed key work in the credit market in 2026, requiring continuous improvement of high - quality financial services for major strategies, key areas, and weak links, and strengthening financial support in the consumption field, focusing on supporting key areas such as expanding domestic demand, scientific and technological innovation, and small and medium - sized enterprises [2]. - The EU Commission launched an in - depth investigation into Chinese wind power enterprises under the "Foreign Subsidies Regulation". The Ministry of Commerce responded that the investigation was discriminatory, and China would take necessary measures to safeguard the legitimate rights and interests of Chinese enterprises [2]. 3.6 Industry Information - The Minister of Housing and Urban - Rural Development, Ni Hong, said that efforts should be made to meet the basic housing needs of young people, develop affordable rental housing, public rental housing, and affordable housing for sale, and increase the area of affordable housing according to the needs of multi - child families [2]. - According to data from the China Index Academy, in January, 20 cities had a total of 118,000 second - hand housing transactions, a slight month - on - month decrease of 3.1% and a year - on - year increase of 15.3%. However, the market still had prominent structural contradictions and obvious differentiation between new and second - hand housing [2]. - During the "15th Five - Year Plan" period, China will strongly support the innovation and development of the bio - manufacturing industry, and promote the transformation of the pharmaceutical industry from "follow - up innovation" to "systematic innovation". In 2026, attention will be paid to frontier technology fields such as new drug targets and mechanisms, AI - driven drug R & D, and cell and gene therapy, and efforts will be made to accelerate the launch of new and good drugs [2]. - The Ministry of Culture and Tourism and the National Fire and Rescue Bureau issued a notice to clarify the fire safety standards for new - type performance venues and optimize the performance approval process to promote the healthy and orderly development of new - type performance venues [2].

截至2025年底，我国太阳能发电装机容量达12亿千瓦，风电装机容量6.4亿千瓦，风电光伏累计装机首次超18亿千 瓦，相当于约82个三峡电站。在这一全球瞩目的绿色能源建设浪潮中，产业链上涌现出大量设备制造、工程建设和 运营服务企业。 对于项目投资方、业主或采购方而言，在选择供应商或合作伙伴时，核实其工商信息以确认资质，并利用天眼风险 功能筛查其是否存在重大合同纠纷、安全环保行政处罚或法律诉讼记录，已成为保障项目质量、工期及长期稳定运 行的基础风控手段。 我国风电光伏装机规模连续10余年稳居全球第一，占全球风光总装机近一半，近十年推动全球风光发电成本大幅下 降，为全球减碳作出巨大贡献。 我国电力需求体量巨大，"双碳"目标下，传统产业转型和新兴产业升级为风电光伏提供海量应用场景。从大型地面 电站到分布式光伏，从海上风电到"光伏+"，多样化场景的开拓，高度依赖于持续的技术创新与专业的项目开发、 运营团队。 无论是企业引进高端技术人才，还是投资者评估一个项目公司的执行能力，通过任职信息与主要人员查询，了解其 核心技术骨干、项目管理核心成员的行业背景、项目经验及专业资质，已成为判断其能否胜任复杂场景、实现高效 运营的关键 ...

Industry News - The Ministry of Culture and Tourism announced the resumption of travel for Shanghai residents to Kinmen and Matsu to normalize cross-strait exchanges and benefit both sides [26] - Reports indicate that Musk's team has been exploring the Chinese photovoltaic industry chain, with orders signed with heterojunction equipment manufacturers [26][17] - The National Medical Insurance Administration issued a notice to strengthen management of designated medical institutions for mental illnesses and combat illegal use of medical insurance funds [26] - The 16th General Assembly of the China Artificial Intelligence Industry Development Alliance was held, focusing on breakthroughs in key technologies such as computing power chips and industrial models [26] - The Guangdong Province issued opinions to accelerate the high-quality construction of a digital society, expanding the operational area for autonomous public transport and smart transportation services [27] - An expert seminar on the "14th Five-Year" development plan for the gold industry emphasized the need to focus on key technological bottlenecks and enhance the integration of production, education, and research [27] - The China Electronics Technology Group announced the successful delivery of the first domestically produced 12-inch silicon carbide wafer thinning equipment, marking a breakthrough in large-size silicon carbide processing [27][28] Company News - JinkoSolar announced that it has not engaged in any cooperation with Musk's team [30] - The Shanghai Stock Exchange issued a regulatory warning to Woge Optoelectronics for inaccurate and incomplete information related to "commercial space" and "brain-computer interface," which may mislead investors [31] - The company Guo Sheng Technology stated that it is not involved in the space photovoltaic business [39] - Jingsheng Mechanical and Electrical announced that the application scenarios for "space photovoltaic" are still in the exploratory stage [39] - Tiantong Co., Ltd. stated that it does not produce commercial satellites or optical module products [39] - Shuangliang Energy announced that it has not yet engaged in space photovoltaic-related business [39] - Chang'an Automobile plans to repurchase company shares worth between 1 billion to 2 billion yuan [48]

机构认为，短期风险出清后有助于推动市场风险偏好回升，支撑春季行情延续。 【财经日历】 中国光伏行业协会召开"光伏行业2025年发展回顾与2026年形势展望研讨会"(北京) 欧洲央行、英国央行公布利率决议 财报发布：谷歌、高通 ►►商务部就欧委会对中国风电企业启动《外国补贴条例》深入调查答记者问：中国风电等绿色产业企业依靠持续的技术创新、完善的产业体系和充分的市 场竞争，为全球应对气候变化提供优质绿色产品，作出积极贡献。欧方滥用调查，不仅严重干扰中欧产业互利合作，影响中国企业赴欧投资的信心，还将迟 滞自身乃至全球绿色转型的进程。 ►►国家医保局发出通知，为进一步加强精神疾病类医保定点医疗机构（含综合医院精神科，以下简称精神类定点医疗机构）管理，严厉打击违法违规使用 医保基金乱象，各省级医保部门要于本周日前组织对辖区内所有精神类定点医疗机构主要负责人进行集体约谈，宣讲医疗保障相关法律法规和监管政策。同 时，以近期有关媒体曝光的湖北省襄阳市、宜昌市部分精神类定点医疗机构和以往医保飞行检查中发现的问题为反面案例，开展警示教育，强化精神类定点 医疗机构合法合规使用医保基金意识。 各省级医保部门要组织本辖区内所有精神类定 ...

早 报 精 选 1、央行：不断加强对重大战略、重点领域和薄弱环节的优质金融服务。 2、中国光伏行业协会：太空光伏技术仍处于探索和验证的初期阶段。 3、文化和旅游部：近期恢复上海居民赴金门马祖旅游。 4、欧盟宣布调查金风科技，外交部：敦促欧方停止滥用单边经贸工具。 5、工信部：突破算力芯片、工业大模型等关键技术，做优应用生态。 宏 观 新 闻 1、2月4日晚，国家主席习近平同美国总统特朗普通电话。习近平指出，今年中美两国各自都有不少重要议程，中国"十五五"开局起 步，美国将迎来建国250周年，两国将分别主办亚太经合组织领导人非正式会议、二十国集团领导人峰会。双方要按照我们达成的共 识，加强对话沟通，妥善管控分歧，拓展务实合作，不以善小而不为，不以恶小而为之，一件事一件事去做，不断积累互信，走出一 条正确相处之道，让2026年成为中美两个大国迈向相互尊重、和平共处、合作共赢的一年。习近平强调，台湾问题是中美关系中最 重要的问题。台湾是中国的领土，中方必须捍卫国家主权和领土完整，永远不可能让台湾分裂出去。美方务必慎重处理对台军售问 题。特朗普表示，美国和中国都是伟大的国家，美中关系是世界上最重要的双边关系。我乐见中 ...

Group 1 - Sichuan Chuanqing Petroleum Drilling Technology Co., Ltd. achieved a new record in China for the deepest directional well core sampling at 9,624 meters with a core recovery rate of 99.8% [1][2] - The company utilized its independently developed "Chuan-style" core sampling tools, marking a significant step in the autonomy of ultra-deep well core sampling technology and core equipment in China [2] - The local government of Deyang has invested 35 million yuan to support production growth and overtime subsidies, aiming to boost the enthusiasm of enterprises for production [1] Group 2 - Deyang's government report set a GDP growth target of over 6% for the year, with high-end energy equipment, new energy, and green building materials expected to grow by over 8% [2] - The production department of Tebian Electric Apparatus Stock Co., Ltd. reported a more than 40% year-on-year increase in order fulfillment for the first quarter, driven by a digital production system [2] - The Deyang government has organized multiple supply-demand matching activities to support enterprises in expanding into new markets, resulting in 12 signed agreements [3] Group 3 - The construction of new projects is underway, including the second phase of the FAW Liberation Guanghan base, which aims to enhance supply chain efficiency and is expected to be operational by September 2027 [5] - The first phase of the Cuimeng Xiaohan project is nearing completion, with an expected production capacity of 60,000 tons and an estimated output value of 800 million yuan [5] - Deyang has identified 307 key industrial and technological transformation projects for 2026, emphasizing the importance of major projects for economic growth [5][6]

发言人指出，欧方相关调查泛化"外国补贴"，存在立案证据不足、程序不透明等诸多问题，是典型的 以"公平竞争"之名行"保护主义"之实。2025年1月，商务部经调查，已依法认定欧方相关做法构成贸易 投资壁垒。欧方不仅没有纠正，反而在错误的道路上越走越远。 发言人说，中国风电等绿色产业企业依靠持续的技术创新、完善的产业体系和充分的市场竞争，为全球 应对气候变化提供优质绿色产品，作出积极贡献。欧方滥用调查，不仅严重干扰中欧产业互利合作，影 响中国企业赴欧投资的信心，还将迟滞自身乃至全球绿色转型的进程。 ● 新华社北京2月4日电 商务部新闻发言人4日表示，欧方频繁使用《外国补贴条例》调查工具对中国企业发起调查，还将对风 电、安检设备企业的调查升级为深入调查，具有明显针对性和歧视性，中方对此高度关切，强烈不满。 有记者问：近日，欧委会宣布，根据《外国补贴条例》（FSR），对中国风电企业启动深入调查。请问 中方对此有何评论？商务部发言人对此作出回应。 发言人表示，中方一贯主张通过对话协商解决分歧，反对将经贸问题政治化、泛安全化。我们敦促欧方 立即纠正错误做法，慎用FSR单边调查工具，为中欧合作创造公平、公正、可预期的市场环境 ...

【DT新材料】 获悉，2月3日， 精工科技 与运达能源科技集团股份有限公司（简称" 运达能源 "）举行战略合作签约仪式。 围绕大型化、轻量化风电装备发展需求，双方表示将在"碳纤维+"新材料应用 、精密制造、联合科研攻关、绿电协同、综合能源解决方案应用等多方面 展开深入合作，通过优势互补双向赋能，联合推进关键材料国产化和工程化应用。 轻量化材料 风电产业迈向规模化、高质化、智能化发展的新阶段，对材料性能、制造工艺与产业链协同提出了更高要求。充 分发挥运达能源在风电整机与新能源 解决方案方面的产业优势，与精工科技共同攻关海上风电叶片关键材料技术 ，构建更加安全、自主、稳定的供应链体系，合力推动新能源材料与制造 能力整体升级。 资料显示， 运达股份 是一家总部位于浙江杭州的省级国有上市企业，专注于新能源领域，尤其在风电设备制造与服务方面具有深厚积淀和行业领先地 位。 据悉，2025年的中国碳纤维行业，彻底告别了产能狂飙的野蛮时代，进入"产能稳增、产量提速、结构优化"的理性发展期 。 从型号产量来看，2025年 T300/T400 级别碳纤维产量达 63883 吨，占比 71.31%，产量及占比较去年均大幅提升， 核 ...

Group 1 - President Xi Jinping had a phone call with US President Trump on February 4 [2] - The People's Bank of China emphasized support for expanding domestic demand, technological innovation, and small and micro enterprises during the 2026 credit market work meeting [3] - Guangdong Province is expanding the operational area for autonomous public transportation and encouraging the development of smart transportation services [4] Group 2 - Elon Musk's team visited several Chinese photovoltaic companies, raising market interest in the solar sector [5] - Investor Duan Yongping expressed his preference for Tesla vehicles while maintaining a critical view of Elon Musk [6][7] - The EU announced an investigation into Chinese wind power giant Goldwind, citing concerns over market competition distortion due to government subsidies [8] Group 3 - The Chinese mainland will soon resume tourism for Shanghai residents to Kinmen and Matsu, promoting cross-strait exchanges [9] - The A-share market is showing signs of recovery, with major indices rebounding and a notable increase in ETF shares [9] - Samsung Electronics' market value surpassed 1 trillion Korean won, driven by a super cycle in the storage industry [11]