【导读】源乐晟举办2026年度策略会，曾晓洁、杨建海最新发声 近日，老牌私募源乐晟举办2026年度策略会，源乐晟资产创始人曾晓洁与源乐晟合伙人杨建海分享了对 2026年市场的展望及行业观察。 曾晓洁与杨建海均认为，目前无需担忧"AI泡沫"，2026年或成为AI行业标志性的一年。当前消费板块较 难出现大贝塔行情，但新消费领域结构性机会持续存在。化工行业当前估值处于低位，产品价格具备反 弹基础，化工板块具备较强的性价比。 整体而言，2026年有望走出"慢牛"行情，但"慢牛"不代表没有波动。在风险方面，地缘政治风险、美联 储降息滞后等因素仍需警惕。 消费行业仍有结构性机会 化工板块具有较强的性价比 "在新消费领域，每年都会有结构性的机会。"杨建海表示，如餐饮中的一些细分赛道，在新兴业态下的 翻台率大幅突破过往。新消费领域不乏这类结构性机会，但这类机会的天花板相较以往更低，相关标的 市值达到一定程度后，其发展的持续性会引发担忧。 他认为，白酒行业那种长期持有"躺平"的逻辑已不再适用于新消费投资，而是需要每年在不同SKU中筛 选出当期锐度最强的方向，同时紧密跟踪标的变化、动态评估。 在杨建海看来，当前消费板块较难出现大 ...

（文章来源：每日经济新闻） 每经AI快讯，1月27日，捷蓝航空盘前跌幅扩大至7.5%。 ...

每经AI快讯，1月27日，捷蓝航空盘前股价下跌4.7%。 ...

Group 1 - The two major indices of the STAR Market opened slightly lower on January 27, but rebounded significantly after an initial drop, eventually closing with notable gains [1] - The STAR 50 Index closed at 1555.98 points, up 1.51%, with a total trading volume of approximately 102.1 billion yuan, showing a slight decrease compared to the previous trading day [1] - The STAR Composite Index closed at 1889.46 points, up 1.72%, with a total trading volume of about 324.5 billion yuan, also reflecting a slight decrease from the previous day [1] Group 2 - On January 27, 388 stocks in the STAR Market rose, accounting for approximately 64.77% of the total, with semiconductor stocks showing a strong upward trend [1] - In the performance of individual stocks, Shengke Communication and Dongxin Co., Ltd. reached a limit-up of about 20%, while Hexin Instruments saw a decline of 10.26%, marking the largest drop [2] - The average increase for the remaining 599 stocks, excluding suspended stocks, was 1.35%, with an average turnover rate of 3.93% and a total trading volume of 324.48 billion yuan [1]

Core Viewpoint - The recent meeting of the Shaanxi Provincial Committee emphasizes the importance of high-quality development during the 14th Five-Year Plan period, outlining key tasks for the 15th Five-Year Plan to enhance industrial development, technological innovation, and regional coordination [1][4]. Industrial Development - The focus is on constructing a modern industrial system with Shaanxi characteristics, prioritizing the development of trillion-level industrial clusters in modern energy, advanced manufacturing, strategic emerging industries, cultural tourism, and modern services [2][3]. - The strategy includes promoting "chain-based" development and enhancing the integration of production services, with a strong emphasis on advanced manufacturing and the digital economy [2]. Innovation System - The proposal aims to enhance the overall effectiveness of the innovation system by advancing the construction of the Xi'an regional science and technology innovation center and optimizing the "Qin Chuang Yuan" innovation-driven platform [3]. Regional Coordination - The plan outlines a strategy for regional coordinated development, emphasizing the roles of Xi'an and Yulin as growth poles and promoting complementary development among the three major regions of Guanzhong, Shaanbei, and Shaannan [4]. Economic Integration - The proposal highlights the importance of integrating into the new development pattern, focusing on stimulating domestic demand and enhancing the role of Shaanxi as a strategic link in domestic and international dual circulation [5][6]. Social Welfare - The plan emphasizes improving the quality of life for residents, focusing on employment, income, education, healthcare, and social security, with specific measures to promote high-quality employment and increase residents' income levels [7]. Environmental Sustainability - The proposal includes measures to strengthen ecological security and promote green, low-carbon development, while also addressing pollution prevention and enhancing safety in key areas [8].

《中国民航报》、中国民航网 记者路泞 报道：近日，陕西省低空应用场景试点成果交流会暨低空医疗 及应急一体化解决方案发布会在西安召开。会议以培育壮大新质生产力为核心导向，集中展示低空经济 与医疗应急领域深度融合的创新成果，为低空经济高质量发展注入强劲动能，推动新质生产力在民生服 务领域落地生根。 作为发展新质生产力的重要赛道，低空经济正凭借技术创新与产业融合优势，成为陕西制造业转型升级 的新增长极。据介绍，过去一年，全省低空经济依托科技创新突破与场景化应用拓展，实现稳健增长。 2025年全省航空产业链产值达503亿元，同比增长4.7%；无人机产业链提前完成"百亿提升"年度目标， 产值达108亿元，同比增长7.2%，核心装备制造能力持续攀升。西安阎良航空基地成功入选国家先进制 造业集群，标志着陕西低空经济已形成"技术研发-产品制造-场景应用"的初步闭环，成为新质生产力赋 能传统制造业升级的典型范例。 全国首个低空生物资源调度指挥大厅投入试运行，及低空医疗及应急物资配送调度"云帆"平台同步上 线，填补了国内低空生物资源智能化调度领域空白，彰显了新质生产力在技术集成与场景创新上的突破 力。作为陕西省唯一医疗类低空经济 ...

（来源：中国航空报） 此外，该研究鼓励人们进一步探索锯齿边缘气流调控的基本机制。了解这些改性点处的精确流动相互作用，有望为下一代翼型的设计 开辟新的途径。未来的研究项目可以基于这些发现，通过试验不同的锯齿结构，分析不同形状和尺寸如何影响整体空气动力性能。 研究团队通过大量的计算流体动力学模拟，细致地分析了改进型NACA 6412翼型周围的气流模式。其翼型边缘如同锯齿一般，扰乱了 气流的平稳流动，产生可控湍流，从而改善了高低动量流体层的混合。这种混合过程有效地减少了大型涡旋的形成，而大型涡旋通常 是传统设计中阻力增加的罪魁祸首。最终，该翼型获得了显著优化的气动性能，并可根据特定的运行条件进行定制。 在空气动力学领域的最新进展中，一项突破性研究揭示了通过创新性地使用锯齿状后缘来提升著名的NACA 6412翼型性能的奥秘。该 研究由印度学者赛义德·萨米尔领导的研究团队完成，该研究探索了这些独特的改进如何显著提高空气动力效率，并为航空领域的各种 应用带来潜在益处。 NACA 6412翼型以其可靠的性能而闻名，是测试空气动力学改进的理想基准。传统上，翼型设计的目标是优化升力并最小化阻力，这 两个关键因素决定了任何空气动 ...

Market Overview - The A-share market saw a collective decline in the three major indices, with the Shanghai Composite Index down by 0.09%, the Shenzhen Component Index down by 0.85%, and the ChiNext Index down by 0.91% [9] - The total trading volume in the Shanghai, Shenzhen, and Beijing markets reached 32,810 billion [9] - In the Asia-Pacific market, the Hong Kong Hang Seng Index rose by 0.06%, while the Nikkei 225 Index fell by 1.79% [9] - In the European market, the DAX Index increased by 0.13%, while the CAC40 Index decreased by 0.15% [9] - In the US market, the Dow Jones Industrial Average rose by 0.64%, the S&P 500 Index increased by 0.5%, and the Nasdaq Composite Index rose by 0.43% [9] International News - The US plans to increase tariffs on South Korean goods from 15% to 25% due to the lack of approval from the South Korean National Assembly on a previously agreed trade deal [8] - The European Parliament has not yet decided whether to resume the approval process for the EU-US trade agreement [8] - Nvidia has expanded its partnership with CoreWeave, investing an additional $2 billion to support the construction of AI factories [8] - The EU has launched an investigation into Elon Musk's AI chatbot Grok regarding the dissemination of illegal content [10] Domestic News - The Chinese government is set to introduce policies to boost service consumption, including measures to expand inbound consumption and promote the replacement of old consumer goods [11] - The People's Bank of China emphasized the gradual expansion of macro-prudential policy coverage to maintain financial market stability [11] Important Announcements - Zijin Mining plans to acquire 100% of the shares of United Gold for 28 billion [13] - Haike New Source has signed a long-term cooperation agreement with BYD for the supply of at least 100,000 tons of electrolyte solvent annually [13] - Jiuding New Materials is accelerating the construction of a large-scale wind turbine blade production line [13] Research Recommendations - Eve Air Mobility completed a $150 million five-year debt financing, bringing total funds to $1.2 billion for eVTOL technology development and FAA certification [15]

Company News - Zijin Mining announced a cash acquisition of Allied Gold Corporation at a price of 44 CAD per share, totaling approximately 5.5 billion CAD (about 28 billion RMB) [9] - Zhejiang Wen Internet reported a stock price increase of 69.57% from January 5 to January 26, indicating potential market overreaction and risks of a rapid decline [9] - Tongling Nonferrous Metals announced a stock price deviation of 20.72% over two trading days, with normal production and operational conditions [9] - Crystal Clear Technology plans to acquire 100% of Easy Charge Technology through a combination of stock issuance and cash payment, pending necessary approvals [10] - Xingyu Co., Ltd. submitted an application for H-share listing on the Hong Kong Stock Exchange [10] - JD Infrastructure Development submitted an A1 application to the Hong Kong Stock Exchange, managing assets totaling approximately 121.5 billion RMB [10] - Guoxing Aerospace revealed its "Star Computing" plan, involving a network of 2,400 reasoning satellites and 400 training satellites for high-speed data transmission [11] - Evert announced plans to acquire shares of Shanghai Shengpu Fluid Equipment Co., Ltd., with stock suspension effective from January 27 [11] - Yushu Technology's humanoid robots will participate in the 2026 Spring Festival Gala, marking a significant industry collaboration [11] - Tensu Zhixin released a roadmap for its fourth-generation architecture, aiming to surpass NVIDIA's Rubin architecture by 2027 [11] - Anta Sports agreed to purchase 43.01 million shares of PUMA SE for a total consideration of approximately 1.507 billion euros (about 12.278 billion RMB) [12] - Alibaba launched the Qwen3-Max-Thinking model, boasting over one trillion parameters and competitive performance [12] - Tencent's CEO emphasized a decentralized AI strategy for WeChat, focusing on user needs and privacy [12] Industry Insights - The humanoid robot market is projected to exceed traditional rotary transformer markets, with an expected market size of 6.15 billion RMB by 2030 and 47.1 billion RMB by 2035 [6] - The sodium battery industry is at a critical commercialization stage, with major players like CATL launching mass-produced sodium batteries [6] - The satellite communication sector is experiencing rapid growth, with a 40% increase in the satellite communication index over the past two months [6] - The domestic tourism market is seeing a 300% increase in booking numbers compared to last year, driven by various travel preferences [6] - The commercial aerospace sector in Hainan is expanding, with a budget of approximately 220 million RMB for upcoming launch tasks [6] - The production and delivery pace of the C919 aircraft is set to increase, with a target of at least 28 deliveries in 2026 [7]

封图来源 | 新华社 极寒天气本周继续袭击北美。美国国家气象局表示，新英格兰地区南部的低压系统周一开始向东移动至大西 洋上空，给美国东北部部分地区带来强降雪，中大西洋部分地区则将出现冻雨天气。受此影响，美国油气勘 探业产能大幅下降，天然气期货主力合约盘中大涨超25%，并推高了电力价格。随着航运货运等行业被波 及，一季度美国经济增速或受到明显影响。 寒流重创美国能源业 受席卷全美的冬季风暴影响，美国能源基础设施和电网承压。机构预测，上周末期间美国原油生产商的日产 量减少至多200万桶，约占全国原油总产量的15%。 能源咨询机构能源视角（Energy Aspects）公司预计，美国原油产量减停产在上周六达到峰值，其中二叠纪 盆地的减产占比最大，日产量预估锐减约150万桶。周一减产情况有所缓解，二叠纪盆地当前原油日减产量 2026.01. 27 本文字数：2173，阅读时长大约4分钟 作者 | 第一财经 樊志菁 经济影响 伴随强冬季风暴席卷美国大部地区，冻雨和强降雪天气扰乱出行、导致交通网络陷入瘫痪，各大航空公司周 一被迫取消数千架次航班，另有大量航班出现延误。 约70万桶，预计当地产量将于1月30日完全恢复。 雪 ...