Group 1 - The main market experienced a net outflow of 65.742 billion yuan in principal funds as of January 15 [1] - The top ten sectors with inflows of principal funds include: Battery (2.19% increase, 2.915 billion yuan), Energy Metals (2.96% increase, 1.946 billion yuan), and Minor Metals (0.9% increase, 1.541 billion yuan) [2][3] - The sectors with the highest net inflows are led by Battery, followed by Energy Metals and Minor Metals, indicating a positive sentiment in these areas [2][3] Group 2 - The Chemical Products sector saw a slight increase of 0.36% with a net inflow of 1.233 billion yuan, while Non-Metallic Materials experienced a decrease of 0.49% with a net inflow of 1.515 billion yuan [2] - Precious Metals had a notable increase of 3.81% with a net inflow of 0.482 billion yuan, indicating strong investor interest [3] - The Tourism and Hotel sector also showed a positive trend with a 1.69% increase and a net inflow of 0.330 billion yuan [3]

Core Viewpoint - The data indicates significant capital inflows into various stocks, highlighting potential investment opportunities in specific sectors such as non-metal materials, photovoltaic equipment, and energy metals [1][2][3] Group 1: Stock Performance and Capital Inflows - The top stock by capital inflow is沃尔核材 with an inflow of 1.375 billion, showing a price increase of 10.01% [2] - 航天机电 follows with an inflow of 849 million and a price increase of 3.72% [2] - 华友钴业 has an inflow of 805 million and a price increase of 7.41% [2] - N至信 shows a remarkable price increase of 252.01% with an inflow of 720 million [2] - 英维克 has an inflow of 694 million and a price increase of 3.13% [2] Group 2: Sector Analysis - The non-metal materials sector is represented by沃尔核材, which has the highest capital inflow [2] - The photovoltaic equipment sector includes航天机电, indicating interest in renewable energy technologies [2] - The energy metals sector is highlighted by华友钴业 and赣锋锂业, both showing strong inflows and price increases, reflecting demand for materials used in batteries [2][3] - The household appliance sector is represented by四川长虹, which has an inflow of 641 million and a price increase of 6.58% [3] - The software development sector includes广联达, with an inflow of 423 million and a price increase of 7.33% [3]

每经AI快讯，中创新航(03931.HK)一度涨近4%，截至发稿涨2.49%，报30.5港元，成交额8560.8万港 元。 ...

Core Insights - The power battery and energy storage sectors have shown significant growth, with notable increases in stock prices for related companies [1][2] - The China Automotive Power Battery Industry Innovation Alliance reported record monthly installation volumes for lithium iron phosphate and ternary power batteries in November 2025 [1][2] - Several brokerage firms recommend focusing on core enterprises in battery cells with strong overseas layouts and the synergy between power batteries and energy storage [1][2] Sector Performance - The performance of various battery sectors as of January 15 includes: - Power batteries: +2.6% - Lithium batteries: +2.1% - Solid-state batteries: +1.8% - Sodium-ion batteries: +1.7% - Energy storage: +1.1% [1][2] Battery Installation Data - In November 2025, the monthly installation volume for lithium iron phosphate batteries reached 75.3 GWh, marking a year-on-year increase of 43.62% and a month-on-month increase of 11.56% [1][2] - The monthly installation volume for ternary power batteries was 18.2 GWh, with a year-on-year increase of 33.82% and a month-on-month increase of 10.30% [1][2] Energy Storage Project Bidding - From January to October 2025, the monthly new bidding capacity for domestic new energy storage projects exceeded the same period in 2024, with November slightly lower than 2024 [1][2] - The new bidding scale for EPC/PC (including direct current equipment) and energy storage systems reached 21.8 GW/64 GWh, setting a monthly record for 2025, with a month-on-month increase of 65% and a year-on-year decrease of 4% [1][2]

Market Overview - A-shares opened high but closed lower, with the financing margin ratio adjustment cooling the market; Hong Kong stocks rose, driven by AI applications boosting tech stocks[3] - European markets slightly retreated, with energy and resource stocks performing well; US stocks weakened, particularly in tech, while healthcare and resource stocks supported the market[3] Economic Indicators - China's December exports increased by 6.6% year-on-year, significantly above the expected 2.2%, while imports rose by 5.7%, also exceeding expectations of a 0.3% decline[5] - The resilience in non-US exports, particularly in the semiconductor and automotive sectors, contributed to the stronger export performance[5] Commodity and Forex Markets - Safe-haven demand lifted metal prices, with gold, silver, tin, and copper reaching new highs; oil prices fell nearly 3% in early Asian trading due to geopolitical tensions easing[4] - The US Treasury yields declined by 2-5 basis points, with the yield curve flattening amid increased demand for safe assets[4] Stock Market Performance - The Dow Jones closed at 49,149.6, down 0.1%; S&P 500 fell 0.5% to 6,926.6; Nasdaq dropped 1.0% to 23,471.8[7] - In Latin America, the São Paulo Stock Exchange index rose by 2.0%, while the S&P Mexico IPC index increased by 1.6%[8] Sector Highlights - In the Hong Kong market, the Hang Seng Index rose by 0.56%, driven by tech stocks, particularly in AI applications, with Alibaba Health surging by 18.9%[10] - The energy sector in the US saw a notable increase of 2.26%, while the non-core consumer goods sector led declines with a drop of 1.75%[8] Fixed Income Market - The primary market saw $12.6 billion in investment-grade bonds issued, with strong demand reflected in an average oversubscription of 5.6 times[30] - Asian investment-grade bonds showed positive sentiment, with spreads generally narrowing due to strong buying interest[30]

Core Viewpoint - The battery sector is experiencing fluctuations, with solid-state battery and energy storage technologies gaining attention due to their potential growth and investment opportunities [1][3][4]. Group 1: Market Performance - On January 15, major indices declined, while the lithium battery sector showed signs of recovery, particularly in solid-state battery stocks [1]. - The Battery ETF (561910) has a solid-state battery content of 45% and energy storage content of 56%, showing an increase of 1.41% [1][7]. - Key stocks such as Zhongwei New Materials surged over 9%, while others like Xiamen Tungsten and Peking University Materials rose over 4% [1]. Group 2: Industry Trends - The demand for energy storage is being driven by the construction of self-built power plants by data centers in the U.S., with EIA data indicating a projected 23% increase in average wholesale electricity prices by 2025 [3]. - The solid-state battery industry is advancing, with a focus on overcoming technological challenges and achieving mass production by 2026 [4]. - NASA's recent report highlights the development of high-performance solid-state batteries for use in space missions by 2028, indicating significant advancements in this technology [3]. Group 3: Investment Insights - Tianfeng Securities emphasizes the importance of solid-state battery technology, predicting that 2026 will see a focus on production line construction and supply chain establishment [4]. - The projected demand for power and energy storage batteries is expected to reach 1,872 GWh and 2,236 GWh in 2025 and 2026, respectively, marking year-on-year increases of 45% and 25% [5]. - The solid-state battery competition is primarily concentrated in China, Japan, South Korea, and the U.S., with small-scale production expected to begin in these regions within the next two years [4].

据交易所数据显示，截至1月15日开盘一小时，大盘主力资金净流出454.03亿元。主力资金流入前十大板块分别为：电池（22.00亿元）、 能源金属（18.21亿 元）、 有色金属（15.49亿元）、 非金属材料（14.19亿元）、小金属（14.16亿元）、化学制品（10.10亿元）、贵金属（5.16亿元）、电子化学品（4.89亿 元）、 光伏设备（4.81亿元）、 化肥行业（3.98亿元）。 | 贵金属 | 5.02 | 5.16亿元 | 四川黄金 | | --- | --- | --- | --- | | 电子化学品 | 1.51 | 4.89亿元 | 南大光电 | | 光伏设备 | 0.01 | 4.81亿元 | 航天机电 | | 化肥行业 | 2.52 | 3.98亿元 | 盐湖股份 | *数据仅供参考，不构成投资建议 | 板块名称 | 涨跌幅 (%) | 板块资金流向 | 净流入最大 | | --- | --- | --- | --- | | 电池 | 2.55 | 22.00亿元 | 天际股份 | | 能源金属 | 3.58 | 18.21亿元 | 华友钻业 | | 有色金属 | 2.36 | 15. ...

Core Viewpoint - The Ministry of Finance and the State Taxation Administration announced the cancellation of VAT export tax rebates for photovoltaic products starting April 1, 2026, which is expected to reshape the competitive landscape of the industry [1][3]. Industry Impact - The policy adjustment is seen as a key measure to transform the competitive dynamics within the industry. The China Photovoltaic Industry Association noted that some companies have been using export tax rebates to enhance their bargaining power in overseas markets, effectively subsidizing foreign markets and increasing the risk of trade friction [3]. - The cancellation of export tax rebates is anticipated to help restore rational pricing in overseas markets [3]. Market Response - The impact of the policy has already been observed in the first quarter, with a company executive indicating that overseas buyers are placing orders in advance to avoid increased costs after April, leading to a "mini peak season" during a traditionally slow demand period [3]. - Companies are ramping up production and working overtime to meet the surge in overseas orders before the April 1 deadline [3]. Battery Products Adjustment - The export tax rebate policy for battery products will also undergo a phased adjustment, with the rebate rate decreasing from 9% to 6% from April 1 to December 31, 2026, and a complete cancellation of the rebate starting January 1, 2027 [3].

格隆汇1月15日｜A股三大股指盘初集体翻红，创业板指涨0.5%，能源金属、电池板块涨幅居前。 ...

Group 1 - The battery sector experienced a significant rise, with leading companies such as Lipa Technology increasing by over 16% [1] - Other companies in the sector, including Liwang Co., Keheng Co., Tianhong Lithium Battery, and Zhongwei New Materials, saw their stock prices rise by more than 10% [1]