Core Viewpoint - The data indicates significant outflows of capital from various stocks, with notable losses in both percentage and monetary terms across multiple sectors, particularly in metals, communication equipment, and renewable energy [1][2][3] Group 1: Stock Performance and Capital Outflow - Zijin Mining experienced a capital outflow of 2.275 billion, with a decline of 4.37% [2] - Xinyi Technology saw an outflow of 1.816 billion, with a decrease of 4.06% [2] - Aerospace Development had a capital outflow of 1.691 billion, reflecting a drop of 1.54% [2] - TBEA reported an outflow of 1.553 billion, with a decline of 5.05% [2] - Goldwind Technology faced a capital outflow of 1.217 billion, down by 9.02% [2] - Luoyang Molybdenum experienced an outflow of 1.203 billion, with a decrease of 6.34% [2] - BlueFocus Media saw an outflow of 1.145 billion, down by 5.76% [2] - Longi Green Energy had a capital outflow of 1.106 billion, with a decline of 5.59% [2] - Zhongjin Gold experienced an outflow of 1.033 billion, down by 5.20% [2] - Shanzhi High-Tech saw an outflow of 0.975 billion, with a decrease of 6.23% [2] - Sungrow Power Supply experienced an outflow of 0.963 billion, down by 4.12% [2] Group 2: Additional Stocks and Their Performance - Xinyi Silver experienced a capital outflow of 0.850 billion, with a decline of 6.33% [3] - China Western Power saw an outflow of 0.833 billion, down by 7.14% [3] - Inovance Technology had a capital outflow of 0.811 billion, with a decrease of 6.62% [3] - Sanhua Intelligent Control experienced an outflow of 0.806 billion, down by 3.04% [3] - TCL Zhonghuan saw an outflow of 0.781 billion, with a slight increase of 1.61% [3] - Jiangxi Copper experienced a capital outflow of 0.707 billion, down by 5.10% [3] - Shandong Gold saw an outflow of 0.683 billion, with a decline of 3.92% [3] - SMIC experienced a capital outflow of 0.676 billion, down by 2.65% [3] - Jiejia Weichuang faced an outflow of 0.626 billion, with a significant drop of 12.39% [3]

Market Overview - The three major A-share indices collectively retreated, with the Shanghai Composite Index down 0.64% closing at 4075.92 points, the Shenzhen Component Index down 1.44% closing at 13952.71 points, and the ChiNext Index down 1.55% closing at 3260.28 points [1] - The trading volume in the Shanghai and Shenzhen markets was only 2.1945 trillion, a decrease of 309 billion compared to the previous day [1] Sector Performance - The financial sector showed strength in the afternoon, with Huayin Securities and Xiamen Bank hitting the daily limit [6] - The consumer sector experienced significant gains, with food and beverage, retail, film and television, and tourism hotel sectors being particularly active [7] - The beauty care and tourism hotel sectors led the gains, with the tourism hotel sector rising by 2.16%, featuring 35 gainers and only 3 losers, with Sanxia Tourism up by 10.00% [5] Individual Stock Highlights - Over 1600 stocks rose, with more than 50 stocks hitting the daily limit [7] - Notable stocks included Hengdian Film and Television with 6 gains in 5 days, Hangzhou Department Store with 2 consecutive gains, and several food and tourism stocks reaching the daily limit [7] - The commercial aerospace concept saw localized activity, with Shenjian Co. achieving 2 boards in 3 days [6]

板块方面，美容护理、旅游酒店、银行、商业百货板块涨幅居前，贵金属、光伏设备、能源金属、小金 属、电网设备、有色金属板块跌幅居前。 盘面热点 盘面上，大消费板块大涨，食品饮料、零售、影视院线、旅游酒店方向轮番活跃，横店影视6天5板，杭 州解百2连板，安记食品、海欣食品、金逸影视、三峡旅游涨停。大金融板块午后走强，华林证券、厦 门银行涨停。商业航天概念局部活跃，神剑股份3天2板。算力租赁概念回暖，群兴玩具4天2板，二六三 封涨停。下跌方面，有色金属、电网设备、油气等板块跌幅居前。 个股方面，全市场超3700只个股下跌。 机构观点 中信建投：2025年家电板块受困于关税、以旧换新政策波动以及下半年高基数预期，整体跑输沪深 300。立足长期视角，企业的竞争力终将回归产品创新与效率优势的本质，因此从投资视角来看，认为 2026年家电板块主要有两条主线，一是出海继续成为增长的最重要来源，二是变革红利。 转自：新华财经 新华财经北京2月5日电（王媛媛）A股三大指数全天在低位震荡运行，午后指数跌幅集体收窄，此前一 度均跌超1%。截至收盘，沪指报4075.92点，跌0.64%，成交9470亿元；深证成指报13952.71点，跌 ...

Market Overview - The A-share market experienced a decline across all three major indices, with the Shanghai Composite Index closing at 4075.92 points, down 0.64%, and a total trading volume of 946.99 billion yuan [1] - The Shenzhen Component Index closed at 13952.71 points, down 1.44%, with a trading volume of 1229.23 billion yuan [1] - The ChiNext Index closed at 3260.28 points, down 1.55%, with a trading volume of 552.29 billion yuan [1] Sector Performance - The film and television sector led the gains with an increase of 3.39%, totaling a trading volume of 1439.93 million hands and a turnover of 173.30 billion yuan [2] - The beauty care sector rose by 2.92%, with a trading volume of 356.65 million hands and a turnover of 102.83 billion yuan [2] - The tourism and hotel sector increased by 2.34%, with a trading volume of 1083.33 million hands and a turnover of 114.30 billion yuan [2] Declining Sectors - The photovoltaic equipment sector saw a significant decline of 5.31%, with a trading volume of 5922.03 million hands and a turnover of 1048.23 billion yuan [2] - The energy metals sector decreased by 4.49%, with a trading volume of 298.96 million hands and a turnover of 145.11 billion yuan [2] - The coal mining and processing sector fell by 2.55%, with a trading volume of 2524.05 million hands and a turnover of 210.16 billion yuan [2]

2月5日，A股三大股指早盘低开低走，创业板一度跌超2%，午后银行、券商等大金融板块强势拉升护 盘为市场注入一定活力，三大股指呈现震荡回调态势，截至收盘，沪指下跌26.29点，跌幅0.64%，报 4075.92点，深证成指下跌203.56点，跌幅1.44%，报13952.71点，创业板指下跌51.24点，跌幅1.55%， 报3260.28点；全市场成交额2.19万亿元，超3700股下跌。 盘面上大金融护盘，多板块涨跌互现，大消费与新兴概念领涨。银行、券商等大金融板块午后持续发 力，厦门银行涨停创2021年6月以来新高，重庆银行涨超7%，成为稳定市场的重要力量。大消费概念延 续强势，影视传媒、旅游、食品饮料、零售、医美、中药等板块集体走强，海欣食品、安记食品等多股 涨停。谷子经济、宠物经济等新消费概念也纷纷跟涨，展现出市场对消费领域复苏的积极预期。AI应 用概念迎来反弹，AI漫剧、AI营销、传媒等跟涨，群兴玩具、遥望科技等涨停；福建本地、海峡两岸 概念受利好消息刺激拉升，平潭发展、坤彩科技等涨停。房地产概念持续走强，京投发展、皇庭国际等 多股涨停，为市场增添了一抹亮色。 下跌方面，有色金属、黄金、白银概念再度集体 ...

证券研究报告 行业点评（R3）- 电网设备 建立电网侧独立新型储能容量电价机制 电力系统调节能力建设提速 投资要点： 2026 年 02 月 03 日 评级 领先大市 评级变动： 维持 行业涨跌幅比较 % 1M 3M 12M 电网设备 19.48 25.48 63.05 沪深 300 0.65 0.42 22.09 -8% 12% 32% 52% 72% 2025-01 2025-04 2025-07 2025-10 电网设备 沪深300 杨甫 分析师 执业证书编号:S0530517110001 yangfu@hnchasing.com 相关报告 1 电网设备行业点评报告：国家电网推出 4 万亿 投资计划，电网 设备内外需 求呈现高 景气度 2026-01-22 请务必阅读正文之后的免责声明 建立电网侧新型储能容量电价机制，考核电站顶峰能力。2026 年 1 月 30 日，国家发改委、国家能源局发布《关于完善发电侧容量电价机制 的通知(发改价格〔2026〕114 号)》。《通知》按照电源分类完善容量电 价机制。对于煤电、天然气发电、抽水蓄能等电源的容量电价机制， 根据《关于建立煤电容量电价机制的通知》（发改价 ...

2026 年 02 月 05 日 双融日报 --鑫融讯 分析师：万蓉 S1050511020001 wanrong@cfsc.com.cn 市场情绪：53 分（中性） 最近一年大盘走势 资料来源：Wind，华鑫证券研究 -10 -5 0 5 10 15 20 25 30 (%) 沪深300 相关研究 ▌ 华鑫市场情绪温度指标：（中性） 华鑫市场情绪温度指标显示，昨日市场情绪综合评分为 53 分，市场情绪处于"中性"。历史市场情绪趋势变化可参 考图表 1 宏观经济意外下滑、地缘政治风险、流动性收紧超预期、行 业政策低于预期。 c ▌ 热点主题追踪 今日热点主题：电网设备、银行、消费 1、电网设备主题：全球 AI 数据中心（AIDC）耗电量巨大， 催生了对高功率、高稳定性变压器等核心电力设备的刚性需 求。目前全球供需严重失衡，美国市场交货周期已长达 127 周。与此同时，国内"十五五"期间，国家电网 4 万亿元的 巨额投资将重点投向特高压、智能化配电网等新型电力系 统，为行业带来了明确的长期订单支撑。相关标的：中国西 电（601179）、特变电工（600089） 2、银行主题：银行股具有高股息特性，如中证银行指数 ...

● 本报记者 王鹤静 近期，A股商业航天、有色金属等热门板块进入宽幅震荡阶段。部分相关主题的场外指数基金净值走出 了过山车的架势，而且相比标的指数的跟踪误差也出现了明显放大迹象。目前，已有场外卫星主题指数 基金管理人主动采取措施，暂停100万元以上的大额申购。 目前，部分基金管理人已采取措施，暂停了热门主题场外指数基金的大额申购业务。根据基金公告，自 1月13日起，平安中证卫星产业指数暂停100万元以上的单日单个基金账户累计申购业务（含定期定额投 资和转换转入；该基金A类、C类、E类基金份额申购金额予以合并计算）。2025年四季度，该基金规模 已由3.84亿元迅速增至21.89亿元。 急涨急跌的板块行情，极大地提高了场外相关指数基金的管理难度。业内人士透露，资金集中进出可能 使得指数成分股流动性骤变，出现买不进去或者买进去但与指数权重差别较大的问题，导致管理人难以 通过调仓和再平衡来控制跟踪误差；而且投资者频繁申赎既增加了基金组合的现金管理压力，又容易形 成"高位接盘、低位砍仓"的负反馈循环。 由于场外基金的申赎机制具有滞后性，业内机构提示，在板块剧烈波动阶段，控制跟踪误差的核心在于 精细化运作与纪律化执行， ...

证券之星消息，2月4日电网设备板块较上一交易日上涨0.38%，昇辉科技领涨。当日上证指数报收于 4102.2，上涨0.85%。深证成指报收于14156.27，上涨0.21%。电网设备板块个股涨跌见下表： 以上内容为证券之星据公开信息整理，由AI算法生成（网信算备310104345710301240019号），不构成投资建议。 | 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | --- | --- | --- | --- | --- | --- | | 920046 | 亿能电力 | 28.15 | -4.87% | 16.78万 | 5.08亿 | | 002471 | 中超控股 | 60'6 | -4.01% | 473.06万 | 43.74亿 | | 603556 | 海兴电力 | 38.23 | -3.99% | 7.61万 | 2.92亿 | | 920037 | 广信科技 | 83.05 | -3.04% | 2.07万 | 1.73亿 | | 688663 | 新风光 | 56.05 | -2.69% | 3.98万 | 2.23 Z | | 603829 | ...

电网设备ETF（159326）：是全市场唯一跟踪中证电网设备主题指数的ETF，从申万三级行业分类上 看，指数成分股的行业分布以输变电设备、电网自动化设备、线缆部件及其他、通信线缆及配套、配电 设备为主，拥有较强的代表性。智能电网权重占比高达90%，特高压权重占比高达67%，均为全市场最 高。 （文章来源：每日经济新闻） 此前，国家电网宣布，"十五五"期间固定资产投资预计达到4万亿元，较"十四五"投资增长40%，创下 历史新高，支持电网设备行业景气度贯穿整个"十五五"期间。海外方面，AI抢占传统电力资源问题日渐 严重，特朗普明确要求数据中心需要"自掏腰包"为电力建设买单，叠加欧美国家电网老化严重，亟待升 级，为我国电网设备企业出海提供了广阔的空间。 华泰证券表示，以变压器为代表的一次设备出海逻辑仍然强势，无论主网、配网，从订单及收入来看仍 然呈现高速增长态势。展望后续，高电压等级电网设备的紧缺更具备持续性。 2月4日，A股三大指数涨跌不一，沪指小幅上涨，电网设备板块午后触底后拉升，跌幅不断收窄，截止 13点34分，全市场唯一的电网设备ETF（159326）跌幅0.77&，成交额已达8.96亿元，持仓股杭电股 份 ...