11月3日，A股午后止跌回升，三大股指尾盘悉数翻红；港股亦走高，恒生指数一度涨超1%。 具体来看，沪指盘中震荡上扬，午后发力拉升；深证成指、创业板指早盘一度大幅下探，尾盘止跌回升 翻红。截至收盘，沪指涨0.55%报3976.52点，深证成指涨0.19%报13404.06点，创业板指涨0.29%报 3196.87点，科创50、北证50指数跌约1%，沪深北三市合计成交 21331亿元，较此前一日减少2170亿 元。 场内超3500股飘红，煤炭、石油板块联袂拉升，安泰集团、惠博普、洲际油气等涨停，中国海油、中国 石油涨超4%；银行板块上扬，招商银行、建设银行等涨逾2%；AI应用概念持续活跃，神州信息、三七 互娱、吉视传媒等涨停；海南自贸概念强势，海南发展、海马汽车、罗牛山等涨停；新型电池概念崛 起，海目星、阿特斯等涨超10%；核电概念爆发，东方精工、浙富控股、海陆重工等涨停。此外，今日 登陆北交所的丹娜生物大涨近500%突破100元大关，盘中一度涨超550%最高攀升至111.7元/股。 港股方面，友邦保险涨约6%，小鹏汽车、蔚来涨超4%，中国海洋石油、中国石油股份涨逾3%；周大福 跌近9%，药明康德跌逾4%。 煤炭 ...

Core Viewpoint - The Hong Kong stock market experienced a rebound on November 3, with various indices showing slight gains, although the Hang Seng Tech Index remained weak [1][3]. Group 1: Market Performance - The Hang Seng Index closed at 26,158.36 points, up 251.71 points, a rise of 0.97% [1]. - The Hang Seng Tech Index closed at 5,922.48 points, increasing by 14.40 points, a gain of 0.24% [3]. Group 2: Sector Performance - The rebound in the Hong Kong stock market was primarily driven by cyclical stocks, with coal stocks leading the gains. Yanzhou Coal Mining (01171.HK) and China Coal Energy (01898.HK) rose over 4%, while China Shenhua Energy (01088.HK) and Shougang Resources (00639.HK) increased by over 2% [5]. - Oil stocks also performed strongly, with several reaching recent highs. China Petroleum & Chemical Corporation (00386.HK) and Sinopec Engineering (02386.HK) rose over 2%, while China National Offshore Oil Corporation (00883.HK) increased by over 3% [5]. - In the tech sector, Xiaomi rose over 3% and NetEase increased by over 1%, while Alibaba fell over 1% and Tencent slightly decreased by 0.16% [6]. - Financial stocks were active, with China Construction Bank rising over 3% and AIA Group increasing by over 5% [6]. - Automotive stocks showed strength, with NIO and Xpeng rising over 4% and Li Auto increasing by over 1% [6]. - Gold stocks weakened, with Zijin Mining falling over 1% [6]. Group 3: Capital Flow and Future Outlook - As of the market close, southbound funds net bought over 5.4 billion HKD in Hong Kong stocks [6]. - CICC forecasts that profit growth in Hong Kong stocks will become a major driving force by 2026, with non-financial offshore Chinese stocks expected to see a profit growth rate of 15%, up from 10% in 2025 [8]. - The overall market valuation is expected to remain stable with a slight increase, and liquidity may peak in the first half of the year, necessitating attention to fundamental recovery [8]. - The inflow of southbound funds may slow to between 750 billion and 980 billion HKD, but foreign capital is expected to continue to increase due to stabilization in China's fundamentals and RMB appreciation [8]. - According to Guotai Junan, the tech sector in Hong Kong is expected to become a main theme in 2026, driven by the AI wave, with a focus on AI applications and semiconductor manufacturing [8].

每经AI快讯，兖矿能源(01171.HK)发布公告，截至2025年10月31日，公司尚未回购A股、H股股份，前 述回购进展符合法律法规的规定及公司股份回购方案的要求。 （文章来源：每日经济新闻） ...

证券研究报告 | 策略点评 2025 年 11 月 03 日 投资要点 分析师：孟之绪 执业编号：S0300524080001 电话： 邮箱：mengzhixu@ykzq.com 投资策略研究 粤开市场日报-20251103 今日关注 股市有风险，投资需谨慎。 请务必阅读最后特别声明与免责条款 www.ykzq.com 1 / 6 指数涨跌情况：今日 A 股主要宽基指数多数上涨。截止收盘，沪指涨 0.55%， 收报 3976.52 点；深证成指涨 0.19%，收报 13404.06 点；创业板指涨 0.29%， 收报 3196.87 点；科创 50 跌 1.04%，收报 1400.86 点。总体上全天个股涨多 跌少，Wind 数据显示，全市场 3532 只个股上涨，1797 只个股下跌，109 只个 股收平。沪深两市今日成交额合计 21071 亿元，较上个交易日缩量 2107 亿元。 行业涨跌情况：今日申万一级行业多数上涨，传媒、煤炭、石油石化、钢铁 和银行行业领涨，涨幅分别为 3.13%、2.52%、2.28%、1.90%和 1.33%，有色 金属、家用电器、综合、汽车和美容护理行业领跌，跌幅分别为 1.2 ...

煤矿供应端扰动持续， 11月关注回调做多机会 煤焦月度报告 20251103 正信期货研究院 黑色小组 研究员：杨辉 投资咨询号：Z0019319 Email：yangh@zxqh.net 报告主要观点 | 版块 | 关键词 | 主要观点 | | --- | --- | --- | | 焦炭 | 价格 | 10月偏强运行，11月关注回调做多机会；10月落地两轮提涨，三轮提涨已开启 | | | 供给 | 10月焦化开工回落，供应端收紧 | | | 需求 | 铁水略有回落、尚在高位，原料刚需支撑较强；投机情绪改善，出口利润小幅回落，建材现货成交低于历年同期 | | | 库存 | 钢厂降库、港口增库，焦企降库不明显，总库存下降 | | | 利润 | 吨焦盈利改善不明显，焦炭盘面利润走弱 | | | 基差价差 | 焦炭01升水走扩，1-5价差震荡运行 | | | 总结 | 焦炭方面，焦化受制于环保以及亏损，另外部分焦化集中检修较多，供应端偏紧。需求方面，铁水维持相对高位，支撑原料 需求。 | | | 价格 供应 | 10月偏强运行，11月关注回调做多机会；10月现货走强 10月产地煤矿事故扰动较多，供应端偏紧；10月 ...

Investment Rating - The investment rating for the company is "Buy" [1] Core Views - The company reported a year-on-year decline in revenue and net profit for the first three quarters of 2025, with revenue at 15.332 billion yuan, down 30.20%, and net profit at 1.046 billion yuan, down 49.74% [1] - Despite the decline in coal prices, the company experienced a significant increase in sales volume in the third quarter, with a 59.77% increase in self-produced coal sales compared to the previous quarter [4] - The company is expected to see a marginal improvement in performance due to effective destocking and a potential stabilization in coal prices [4] Summary by Sections Financial Performance - For the first three quarters of 2025, the company achieved a coal production of 26.6414 million tons, an increase of 8.73% year-on-year, while self-produced coal sales reached 19.8199 million tons, up 5.31% year-on-year [4] - The average selling price for coal was 509.31 yuan per ton, down 24.72% year-on-year, while the sales cost per ton decreased to 253.83 yuan, down 13.3% year-on-year [4] - The third quarter alone saw a revenue of 5.673 billion yuan, a quarter-on-quarter increase of 9.98%, with a net profit of 391 million yuan, a quarter-on-quarter decrease of 2.18% [2] Production and Cost Management - The company has successfully reduced its coal sales cost, which supports its profitability despite falling coal prices [4] - The company has purchased 2.1 million tons of coal production capacity replacement indicators to enhance its production capacity [4] Future Outlook - The company is projected to have net profits of 1.701 billion yuan, 1.938 billion yuan, and 2.057 billion yuan for the years 2025, 2026, and 2027 respectively, with corresponding EPS of 0.86 yuan, 0.98 yuan, and 1.04 yuan [4] - The company maintains a competitive advantage with low costs, good asset quality, and stable high dividends, indicating potential for valuation recovery [4]

炒股就看金麒麟分析师研报，权威，专业，及时，全面，助您挖掘潜力主题机会！ 11月3日，A股午后止跌回升，三大股指尾盘悉数翻红；港股亦走高，恒生指数一度涨超1%。 具体来看，沪指盘中震荡上扬，午后发力拉升；深证成指、创业板指早盘一度大幅下探，尾盘止跌回升 翻红。截至收盘，沪指涨0.55%报3976.52点，深证成指涨0.19%报13404.06点，创业板指涨0.29%报 3196.87点，科创50、北证50指数跌约1%，沪深北三市合计成交 21331亿元，较此前一日减少2170亿 元。 场内超3500股飘红，煤炭、石油板块联袂拉升，安泰集团、惠博普、洲际油气等涨停，中国海油、中国 石油涨超4%；银行板块上扬，招商银行、建设银行等涨逾2%；AI应用概念持续活跃，神州信息、三七 互娱（维权）、吉视传媒等涨停；海南自贸概念强势，海南发展、海马汽车、罗牛山等涨停；新型电池 概念崛起，海目星、阿特斯等涨超10%；核电概念爆发，东方精工、浙富控股、海陆重工（维权）等涨 停。此外，今日登陆北交所的丹娜生物大涨近500%突破100元大关，盘中一度涨超550%最高攀升至 111.7元/股。 机构表示，当前动力煤和炼焦煤价格仍处于 ...

Market Overview - A-shares rebounded in the afternoon on November 3, with all three major indices turning positive by the close; the Shanghai Composite Index rose by 0.55% to 3976.52 points, the Shenzhen Component increased by 0.19% to 13404.06 points, and the ChiNext Index gained 0.29% to 3196.87 points [1] - The total trading volume in the Shanghai and Shenzhen markets was 21.33 billion yuan, a decrease of 2.17 billion yuan from the previous day [1] Sector Performance Coal and Oil - The coal sector saw significant gains, with companies like Antai Group and Zhongmei Energy hitting the daily limit, and others like Shanxi Black Cat and Jin控煤业 rising over 4% [4][6] - The oil sector also performed well, with Huibo Group and Intercontinental Oil hitting the daily limit, and China National Offshore Oil Corporation and China Petroleum rising over 4% [7] AI Applications - The AI application sector was notably active, with stocks like Fushi Holdings and Xinghuan Technology rising over 10%, and several others hitting the daily limit [12][14] Nuclear Power - The nuclear power concept experienced a surge, with significant advancements in thorium-based molten salt reactor technology reported by the Chinese Academy of Sciences, marking a key development in nuclear energy [10] Key Insights - The current prices of thermal coal and coking coal remain at historical lows, providing room for a rebound due to supply-side policies and seasonal demand increases [6] - The "three barrels of oil" (China National Petroleum, Sinopec, and CNOOC) are expected to continue increasing their oil and gas equivalent production, with respective growth rates of 2.6%, 2.2%, and 6.7% projected for the first three quarters of 2025 [7] - The AI-driven content creation market is projected to grow significantly, with over 3000 new works expected in the first half of 2025, indicating a robust demand for AI applications in media [14]

智通财经APP讯，兖矿能源(01171)发布公告，截至2025年10月31日，公司尚未回购A股、H股股份，前 述回购进展符合法律法规的规定及公司股份回购方案的要求。 ...

兖矿能源（600188）(01171)发布公告，截至2025年10月31日，公司尚未回购A股、H股股份，前述回购 进展符合法律法规的规定及公司股份回购方案的要求。 ...