● 本报记者 谭丁豪 2026年伊始，港股市场的IPO进程已在忙碌地进行。 港股一级市场迎来"开门红"，开年不久便有多家企业顺利完成IPO，涵盖半导体、软件服务等多个赛 道，部分企业募资表现亮眼。回望2025年，港股一级市场热度空前，不仅在全球主要交易所中脱颖而 出，而且IPO与再融资市场均展现出强劲活力。 与此同时，中资券商在港股投行市场占据主导地位，凭借扎实的业务能力展现出强劲竞争力，港股投行 业务也成为多家券商母公司业绩增长的重要支撑。 当前，港股市场仍有大批企业排队等待IPO，多家机构表示，得益于港交所持续优化相关上市规则，以 及各类资金的持续流入，2026年港股新股市场有望延续良好势头，市场发展前景值得期待。 11家公司完成上市 今年以来，截至1月13日，港股市场已有11家公司完成IPO上市，主板10家，创业板1家，募资总额达 331亿港元。上市公司分别为壁仞科技、MINIMAX-WP、豪威集团、兆易创新、智谱、天数智芯、瑞博 生物、精锋医疗-B、金浔资源、红星冷链、BBSB INTL。 从行业分类来看，上述11家上市公司中，4家为半导体行业，2家为软件服务行业，其余分别所属医药生 物、医疗设备与服 ...

Core Insights - The article provides an overview of the latest performance of various mutual funds, highlighting the top and bottom performers based on net asset value changes [1]. Fund Performance Summary Top Performing Funds - The top 10 funds with the highest net value growth include: 1. Guotou Ruijin Silver Futures (LOF) A: 2.3777, up 6.27% 2. Xinao Medical Health Mixed A: 1.3136, up 4.78% 3. Xinao Medical Health Mixed C: 1.3101, up 4.77% 4. GF Innovation Medical Two-Year Holding Mixed C: 0.9070, up 4.61% 5. GF Innovation Medical Two-Year Holding Mixed A: 0.9245, up 4.61% 6. Wanjia Global Growth One-Year Holding Mixed (QDII) C: 0.9410, up 4.34% 7. Wanjia Global Growth One-Year Holding Mixed (QDII) A: 0.9656, up 4.33% 8. Xinao Enjoy Life Mixed C: 1.2091, up 4.29% 9. Xinao Enjoy Life Mixed A: 1.2301, up 4.28% 10. GF Hong Kong-Shanghai Medical Mixed A: 1.1561, up 4.26% [2][3]. Bottom Performing Funds - The bottom 10 funds with the largest declines in net value include: 1. Dongfang Alpha Zhaoyang Mixed A: 0.5213, down 6.36% 2. Dongfang Alpha Zhaoyang Mixed E: 0.5144, down 6.35% 3. Great Wall Prosperity Growth Mixed C: 1.6053, down 6.22% 4. Great Wall Prosperity Growth Mixed A: 1.6280, down 6.22% 5. Xinyuan Industry Opportunity Mixed A: 1.1447, down 6.06% 6. Xinyuan Industry Opportunity Mixed C: 1.1432, down 6.06% 7. Huaan Big Security Theme Mixed C: 3.0600, down 5.99% 8. Huaan Big Security Theme Mixed A: 3.1370, down 5.97% 9. Zhongou High-end Equipment Stock Initiation C: 1.1549, down 5.79% 10. Zhongou High-end Equipment Stock Initiation A: 1.1731, down 5.79% [3]. Market Overview - The Shanghai Composite Index opened high but experienced wide fluctuations, closing with a small decline. The total trading volume reached 3.69 trillion, with a ratio of advancing to declining stocks at 1622:3729 [5]. - The leading sectors included insurance, which rose over 2%, while the lagging sectors were aviation, semiconductors, and telecommunications, which fell over 3% [5].

#用友网络预计2025年净利润亏损13亿元#【用友网络：预计2025年净利润亏损13亿元-13.9亿元】用友 网络公告称，公司股票于2026年1月9日、12日、13日连续3个交易日内日收盘价格涨幅偏离值累计超过 20%，属于股票交易异常波动情形。经自查，公司目前生产经营活动正常，内部经营秩序正常。预计 2025年度实现归属于母公司所有者的净亏损为13亿元到13.9亿元，同比减亏6.71亿元到7.61亿元。经自 查，公司目前生产经营活动正常，内部经营秩序正常。公司所处市场环境、行业政策没有发生重大调 整。(智通财经） ...

龙虎榜机构热股 今天机构龙虎榜上榜67只个股，净买入47只，净卖出20只。当日机构买入最多的个股前三位是：中国卫星（6.79亿）、用友网络（3日6.55亿）、恒为科技 （4.04亿）。 | 上榜热股 | 实时涨跌幅 | 买/卖家数 | 利 | | --- | --- | --- | --- | | 中国卫星 600118.SS | +4.17% | 1/0 | | | 用友网络 600588.SS | +7.87% | 2/1 | | | 3日 | | | | | 11 10 10 1 | . 4 9401 | 010 | | 用友网络 3日龙虎榜显示，3家机构净买入6.55亿。 据上证报2026年1月12日报道，用友网络董事长兼CEO王文京1月11日在第三十届中国资本市场论坛上透露，这两年公司在产品换代上投入了大量研发，累计 已达百亿规模。 龙虎榜知名游资 一、AI医疗 英伟达与礼来制药宣布联合创新AI实验室，（双方）未来五年将向AI医药实验室投资至多10亿美元。 国信证券指出，AI for Science（AI4S）与大语言模型、具身智能并列为人工智能三大核心方向。AI4S旨在利用人工智能从海量科学数据中 ...

每经AI快讯，1月13日，用友网络(600588.SH)公告称，公司股票于2026年1月9日、12日、13日连续3个 交易日内日收盘价格涨幅偏离值累计超过20%，属于股票交易异常波动情形。经自查，公司目前生产经 营活动正常，内部经营秩序正常。预计2025年度实现归属于母公司所有者的净亏损为13亿元到13.9亿 元，同比减亏6.71亿元到7.61亿元。经自查，公司目前生产经营活动正常，内部经营秩序正常。公司所 处市场环境、行业政策没有发生重大调整。 ...

基金实盘的大热正在影响整个基金市场的生态。 从AI热潮到限购令 "单日吸金120亿元！" 这则关于德邦稳盈增长灵活配置混合（A类：004260.OF，C类：018463.OF）的市场传闻，在最近两 天的A股市场掀起波澜。 1月12日，AI应用板块大幅上涨，GEO（生成式引擎优化）概念成为市场焦点，而该基金1月9日-12日 的净值分别暴涨9.4%和8.3%%。 2026年开年至今，该基金的净值已经大涨29.4%，根据Choice数据显示，处于同类型第二。 （来源：市值风云APP） 而在这两天，网上传闻"德邦某基金单日申购了120亿"，引发市场轰动。 | 作者 | | 紫枫 | | --- | --- | --- | | 编辑 | | 小白 | | 基金名称 | | 德邦稳盈增长灵活配置混合型证券投资基金 | | --- | --- | --- | | 基金简称 | | 德邦稳盈增长灵活配置混合 | | 基金主代码 | | 004260 | | 基金管理人名称 | | 德邦基金管理有限公司 | | 公告依据 | | 《公开募集证券投资基金信息披露管理办法》《德邦 | | | | 稳盈增长灵活配置混合型证券投资基金 ...

光大期货金融期货日报 光大期货金融期货日报（2026 年 01 月 13 日） 一、研究观点 | 品种 | 点评 | 观点 | | --- | --- | --- | | | 市场全天震荡走强，三大指数均涨超 1%，沪指走出 17 连阳。AI 应用方向全 | | | | 线爆发，蓝色光标、汉得信息等多股涨停。商业航天概念延续强势，中国卫 | | | | 星、中国卫通均涨停创新高。脑机接口概念反复活跃，道氏技术、岩山科技 | | | | 等涨停。个股涨多跌少，沪深京三市超 4100 股飘红，今日成交 3.64 万亿， | | | | 刷新 A 股单日成交额新纪录。截止收盘沪指涨 1.09%，深成指涨 1.75%，创 | | | | 业板指涨 1.82%。资金情绪继续高涨，据统计，宽基型 ETF12 月净申购 1100 | | | | 亿元，其中近 1020 亿元为 A500ETF。A500 指数长期与沪深 300 走势高度相 | | | | 关，相关系数超过 0.98，细微差别在于 A500 指数成长标的稍多，例如电力 | | | 股指 | 设备、电子等板块。在 A500ETF 获得大幅申购的同时，我们关注到 ...

Core Insights - The report emphasizes the importance of long-term investment strategies and the need for a conducive regulatory environment to attract more long-term capital into the market [5] - It highlights the expected increase in storage prices by 40%-50% in Q1 2026, indicating potential investment opportunities in related companies [6] - The report notes a surge in approvals for innovative domestic drugs, presenting a favorable environment for pharmaceutical companies [6] Domestic Financial Market - The Shanghai Composite Index closed at 4165.29, up by 1.09%, while the Shenzhen Component Index rose by 1.75% to 14366.91 [3] - The ChiNext Index increased by 1.82%, closing at 3388.34, reflecting a positive market sentiment [3] Macro News Summary - The China Securities Regulatory Commission (CSRC) aims to enhance the institutional environment for long-term investments [5] - The National Bureau of Statistics is exploring innovative registration systems to unlock data value [5] - The Ministry of Industry and Information Technology is focusing on advanced technologies such as quantum technology and 6G during the 14th Five-Year Plan [5] Industry Developments - Storage prices are projected to rise significantly, with companies like Lanke Technology and Changdian Technology being highlighted as potential beneficiaries [6] - Meta's investment in a nuclear power plant for AI power supply suggests growth in the nuclear fusion industry, with companies like Lianchuang Optoelectronics and China Nuclear Engineering being relevant [6] - The approval of innovative drugs is expected to create opportunities for companies like BeiGene and Heng Rui Medicine [6] Company Focus - Kexiang Co., Ltd. is noted for its PCB products used in aerospace and storage devices [7] - East China Pharmaceutical's subsidiary has developed a breakthrough treatment for severe hypertriglyceridemia [7] - Yinkang Life has established a comprehensive management solution for Parkinson's disease treatment [7] - Shengyang Technology is recognized as the sole provider of DVB-NIP software and hardware, gaining recognition from a leading European satellite operator [7] Market Review and Outlook - The market experienced a strong upward trend with all major indices closing higher, and trading volume exceeding 3.6 trillion yuan [8] - Sectors such as software services, internet, and aerospace saw significant gains, driven by AI-related catalysts [8] - Precious metals like gold and silver reached historical highs, indicating a shift in investor sentiment [8] - The report suggests a continued positive outlook for industrial resource sectors and low-positioned stocks benefiting from policy changes [9]

指数大涨下，A股投资者交易氛围浓厚，沪深两市成交金额再度破3万亿元。截至收盘，沪市成交金额 14462.3亿元，深市成交金额21552.2亿元，两市合计成交金额约3.6万亿元，创下历史新高，这也系沪深 两市成交额连续第二个交易日突破3万亿元。 从单只个股成交金额来看，蓝色光标居首，达235.89亿元。交易行情显示，蓝色光标1月12日高开 4.66%，开盘后公司股价震荡走高，盘中封上涨停。截至收盘，蓝色光标报涨停价20.62元/股，总市值 740.3亿元。 位居蓝色光标之后的为航天发展，当日成交额为222.22亿元；中际旭创紧随其后，公司当日成交额达 221.18亿元。 1月12日，A股沸腾。当日，三大股指集体走高，截至收盘，A股三大股指均涨超1%。指数大涨下，A股 市场交投氛围火爆，沪深两市成交额达到3.6万亿元，创历史新高。北交所当日成交金额435.21亿元，沪 深北三市合计成交额约为3.64万亿元。 除上述3股外，当日成交金额破百亿元的还有新易盛、宁德时代、东方财富等24只个股。 交易行情显示，1月12日，A股三大股指开盘涨跌不一，开盘后集体震荡走高。截至收盘，上证综指、 深证成指、创业板指分别收涨1.0 ...

Group 1: Stock Market Activity - A total of 61 stocks were listed on the institutional leaderboard today, with 43 experiencing net buying and 18 facing net selling [1] - The top three stocks with the highest net buying by institutions were: Sanwei Communication (500 million), Goldwind Technology (395 million), and Hand Information (322 million) [1] Group 2: AI Applications - As of September 2025, overseas AI applications are expected to have over 1.2 billion monthly active users, while China is projected to reach 490 million, representing year-on-year growth of 76.7% and 172.3% respectively [4] - Over 70% of consumers are willing to use AI assistants for shopping decisions, indicating a significant shift in consumer behavior [4] - Anthropic's Claude Code generated an annualized revenue of 1 billion USD within six months of its release, highlighting the maturity of AI programming as a B2B sector [4] Group 3: Aerospace Industry - Zhongke Star Map is deeply involved in the commercial aerospace industry, covering satellite constellation construction and operation, aerospace electronic equipment manufacturing, and satellite application services [5] - The establishment of the Radio Innovation Institute is expected to accelerate the 6G process, aiming for comprehensive coverage through an integrated network of space, sky, and ground resources [6] - The Federal Communications Commission approved SpaceX's next-generation satellite constellation plan, allowing the deployment of an additional 7,500 second-generation Starlink satellites [5]