Focus Events - Spot gold and silver prices ended a three-day decline, with London gold rising by 2.24% to $4,763.63 per ounce and London silver increasing by 4.17% to $82.43 per ounce [1] - Chip导科技 released its 2025 annual report, reporting revenue of 394 million yuan, a year-on-year increase of 11.52%, and a net profit attributable to shareholders of 106 million yuan, a year-on-year decrease of 4.91% [1] Industry Dynamics - Multiple institutions remain optimistic about the future of gold, with Guotai Junan predicting that gold prices could reach $6,000 per ounce in 2026 due to ongoing monetary system restructuring and central bank purchases [10] - Morgan Stanley raised its gold price forecast for the end of 2026 from $5,400 to $6,300 per ounce, citing sustained demand from central banks and investors [11] - Yuguang Jin铅 mentioned that fluctuations in silver prices have a complex impact on its profit margins due to the dynamic nature of raw material pricing [18] Policy and Regulation - The State Taxation Administration announced adjustments to VAT tax declaration matters, optimizing the reporting scope for general taxpayers and small-scale taxpayers [8] - The Ministry of Industry and Information Technology issued a mandatory national standard for automotive door handle safety, effective January 1, 2027, to enhance vehicle safety [12] Corporate Actions - Shanghai has initiated a project to acquire second-hand housing for affordable rental housing, focusing on matching housing types with talent needs [15] - Beiyinmei announced that its controlling shareholder's pre-restructuring plan was approved by the creditors' meeting, which may lead to changes in shareholder equity and control [21] - Midea Group reported a total expenditure of 1.998 billion yuan for repurchasing 0.35% of its shares [25]

| | 2月3日 交易提示 | | | | | | --- | --- | --- | --- | --- | --- | | 项目 | 参考行业 代码简称 发行价 市盈率 | 市盈率 | 参考行业 | 总市值 | 主营 | | 新股上市 | 世盟股份 28. 00 001220 | 15. 29 14. 64 | 道路运输业 | 25.84亿 | 提供包括运输服务、仓 储及管理服务、关务服 务在内的全方位、一体 化综合物流服务。 | 宏观新闻 1、中共中央政治局常委、国务院总理李强2月2日在山东调研。他强调，要深入贯彻习近平总书记关于做好今年和"十五五"时期经济社会发 展工作的重要指示精神，坚持远近结合，抓好开局起步，靠前发力实施各项政策，坚决把党中央各项决策部署落实到位，更加扎实有效地 促发展惠民生增后劲。 2、中共中央、国务院发布关于《现代化首都都市圈空间协同规划（2023－2035年）》，其中指出，要建成以首都为核心的世界一流都市 圈、先行示范中国式现代化的首善之区；高标准高质量建设河北雄安新区，把北京城市副中心建设成为首都发展新的增长极。 3、据伊朗政府相关人士透露，伊朗总统已正式下令开启与美国的核 ...

Group 1 - The central government has approved the "Modern Capital Metropolitan Area Spatial Coordination Plan (2023-2035)", aiming to optimize the Beijing-Tianjin-Hebei urban system and enhance the functions of Beijing as the core [2] - The State Administration for Market Regulation, along with ten departments, has released the "Low-altitude Economy Standard System Construction Guide (2025 Edition)", targeting the establishment of a comprehensive standard supply system for the low-altitude economy by 2030 [3] - The Ministry of Commerce and nine other departments have issued the "2026 'Buy New Spring' Spring Festival Special Activity Plan", encouraging localities to increase subsidies for replacing old consumer goods during the Spring Festival [3] Group 2 - The Guangdong Provincial Development and Reform Commission has published the "2026 Work Plan for Optimizing Market-oriented First-class Business Environment", focusing on enhancing financing support for small and micro enterprises [4] - Shanghai has initiated the acquisition of second-hand housing for affordable rental housing projects, targeting new citizens, young people, and university graduates [5] Group 3 - Tesla announced the upcoming launch of its third-generation humanoid robot, designed to learn new skills by observing human behavior, with an expected annual production of one million units [7] - The first annual report from the Shanghai Stock Exchange has been released, showing Chip Guide Technology's projected net profit of 106 million yuan for 2025 [9] - Midea Group has spent 1.998 billion yuan to repurchase 0.35% of its shares [11] - GoerTek has repurchased 1.14% of its shares at a cost of 1.108 billion yuan [12] - Longying Hydraulic is facing a takeover bid for 12% of its shares at a price of 35.82 yuan per share [16]

日经225指数开盘上涨1.3%，报53332.18点，券商股和电子股领涨。韩国综合股价指数（Kospi）开盘上 涨3.3%，报5114.81点。 日经225指数开盘上涨1.3%，报53332.18点，券商股和电子股领涨。韩国综合股价指数（Kospi）开盘上 涨3.3%，报5114.81点。 责任编辑：王永生 责任编辑：王永生 ...

分析人士认为，节前风险偏好抬升的制约因素偏多，但本轮春季行情启动的核心驱动因素并未发生根本 性变化，春节后胜率提升，若市场调整或将成为新的布局窗口。短期市场大概率维持震荡，节后春季行 情有望延续。 A股市场调整 截至2月2日收盘，上证指数、深证成指、创业板指、科创综指、北证50指数分别下跌2.48%、2.69%、 2.46%、3.95%、2.03%。 大小盘股均出现调整，大盘股集中的上证50指数、沪深300指数分别下跌2.07%、2.13%，小微盘股集中 的中证1000指数、中证2000指数、万得微盘股指数分别下跌3.39%、2.41%、1.51%。 个股方面，个股多数下跌，整个A股市场上涨股票数为771只，44只股票涨停，4652只股票下跌，123只 股票跌停。 从盘面上看，特高压、白酒、培育钻石、智能电网等板块表现活跃，黄金珠宝、存储器、工业金属、磷 化工等板块领跌。申万一级行业中，仅有食品饮料、银行行业上涨，分别上涨1.11%、0.17%；其他行 业均下跌，有色金属、钢铁、基础化工行业跌幅居前，分别下跌7.62%、5.93%、5.69%，煤炭、石油石 化行业也均跌逾5%。 有色金属板块中，西部材料涨逾6 ...

Core Viewpoint - The company has approved a share repurchase plan to utilize its own and self-raised funds for employee stock ownership plans or equity incentives, with a total repurchase amount between RMB 75 million and RMB 150 million, at a maximum price of RMB 53.46 per share [1] Group 1: Share Repurchase Plan - The company plans to repurchase shares through centralized bidding within 12 months from the board's approval date [1] - The total amount for the repurchase is set to be no less than RMB 75 million and no more than RMB 150 million [1] Group 2: First Share Repurchase Details - On January 30, 2026, the company repurchased 677,000 shares, accounting for 0.11% of the total share capital, with a total transaction amount of RMB 20,097,853 [2][3] - The highest transaction price was RMB 29.7 per share, and the lowest was RMB 29.6 per share [2][3] Group 3: Compliance and Regulations - The share repurchase complies with relevant laws and regulations, including the Shenzhen Stock Exchange's guidelines [4] - The company has not repurchased shares during periods that could significantly impact the stock price due to major events [5]

证券代码：603936 证券简称：博敏电子 公告编号：临2026-013 博敏电子股份有限公司 博敏电子股份有限公司董事会 2026年2月3日 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重大遗漏，并对其内容 的真实性、准确性和完整性承担法律责任。 近日，博敏电子股份有限公司（以下简称"公司"）收到广东省科学技术厅、广东省财政厅、国家税务总 局广东省税务局批准颁发的《高新技术企业证书》，公司通过高新技术企业的重新认定。公司的证书编 号为GR202544003828，发证时间：2025年12月19日，证书有效期三年。 公司曾于2022年获得《高新技术企业证书》，有效期三年，本次高新技术企业的认定是原高新技术企业 证书有效期满后进行的重新认定。根据相关规定，公司自2025年度至2027年度享受按15%的税率征收企 业所得税的优惠政策。公司2025年已根据相关规定按照15%的企业所得税税率进行财务核算，本次获得 高新技术企业认定不会对公司2025年各期的相关财务数据产生影响。 特此公告。 关于公司获得高新技术企业认定的 公告 ...

智通财经APP获悉，国泰海通发布研报称，无风险收益下沉、资本市场改革与中国经济转型，"转型 牛"还有很大空间，远望又新峰，看好细分龙头。在经历累年下行与估值收缩后，价值股有望出现重要 拐点。该行从盈利-股价匹配度和盈利-拥挤度匹配度两个维度衡量股价尚未充分计入当前盈利预期上修 预期的赛道，建议重视非银/电池/电子/机械/两轮车/商用车等盈利预期上修的低拥挤滞涨板块。 国泰海通主要观点如下： 新经济景气中枢上移，盈利改善范围扩散。2025年四季度经济转型加快，新经济景气中枢明显上移，并 由AI向出海、资源品、服务消费等更多领域扩散。新兴科技产业链呈现出供需两旺的特征，内部细分 涨价赛道明显增多。把握四季度盈利增长的四个结构特征：1)新兴经济仍是四季度业绩主要高增领域。 科技服务业等第三产业用电量在25Q4高增，并带动全社会用电增速在9月后明显上行，这与工业增加值 下行趋势背离明显，新经济主导并拉动经济复苏；2)中下游制造盈利占比提升。通胀整体改善且新经济 成本传导顺畅，CPI-PPI剪刀差扩张，PPI内部中下游价格更强，工业企业利润向TMT、装备制造与有色 化工等行业集中；3)大中盘业绩增长弹性更大。PMI结构 ...

Core Viewpoint - The India-EU Free Trade Agreement (FTA) has been reached, covering 25% of global GDP and one-third of global trade, with expectations of doubling bilateral trade in the next five years [1] Group 1: Trade Agreement Details - The FTA will significantly reduce tariffs on over 90% of goods from both sides, with the EU eliminating tariffs on 99.5% of Indian exports over seven years, while India will lower tariffs on nearly 97% of EU goods [2] - Notable tariff reductions include India's automotive tariffs decreasing from 110% to 10%, and a quota of 250,000 EU cars per year being allowed [2] - Other significant tariff reductions include wine tariffs dropping from 150% to 75% and eventually to around 20%, olive oil tariffs decreasing from 45% to zero over five years, and substantial cuts in machinery, chemicals, and pharmaceuticals tariffs [2] Group 2: Sensitive Sectors and Non-Tariff Barriers - Agricultural products such as soybeans, beef, sugar, rice, and dairy are excluded from the agreement due to high domestic protection in India [3] - The FTA also addresses service trade and personnel movement, aiming to reduce non-tariff barriers through simplified customs procedures and regulatory cooperation [3] Group 3: Economic Implications - The agreement is expected to benefit labor-intensive sectors in India, such as seafood, textiles, and jewelry, while the EU automotive and wine industries will expand in the Indian market [3] - The EU estimates that the agreement could save up to €4 billion in tariffs annually and double EU exports to India by 2032 [3] Group 4: Geopolitical Context - The FTA's conclusion is influenced by the current global trade tensions, particularly the high tariffs imposed by the US on both India and the EU, prompting both parties to seek diversification in trade relationships [4] - The agreement reflects a strategic move by India and the EU to enhance economic security and autonomy in response to US economic policies, signaling support for a resilient global multilateral system [4] - The FTA still requires approval from EU member states, the European Parliament, and the Indian Parliament before it can take effect, which may take several months [4]

Market Overview - A-shares experienced a significant decline on February 2, 2026, with all major indices dropping over 2%, indicating a widespread bearish trend [2][3] - The Shanghai Composite Index closed at 4015.75 points, down 2.48%, while the Shenzhen Component and ChiNext Index fell by 2.69% and 2.46%, respectively [3] Individual Stock Performance - The market's profitability sharply decreased, with only 771 stocks rising against 4652 declining, and 123 stocks hitting the daily limit down [5] - The total trading volume in the Shanghai and Shenzhen markets was approximately 26.1 billion yuan, a decrease of 2.14 billion yuan from the previous trading day, marking a three-month low [5] Sector Analysis - The precious metals sector was heavily impacted, with significant declines following a sharp drop in international gold and silver prices, leading to a loss of over 300 billion yuan in market value for this sector [6] - In contrast, the electric power equipment sector saw a surge, with stocks like YN Power and Tongguang Cable hitting the daily limit up, driven by the demand for AI computing infrastructure [7] - The liquor sector also performed well, with stocks like Moutai and Huangtai Liquor showing resilience due to expectations of strong consumption during the upcoming Spring Festival [8] Unlocking of Restricted Shares - February 2026 is marked by a large-scale unlocking of restricted shares, with a total market value of approximately 2335.84 billion yuan facing release, contributing to liquidity pressure [9][12] - On February 2 alone, 15 companies had restricted shares unlocked, totaling about 600.11 billion yuan, with Xinda Securities leading at 448.79 billion yuan [10][11] Future Market Outlook - Short-term market fluctuations are expected to continue due to liquidity pressures and external market volatility, but the medium-term recovery trend remains intact [13] - The Shanghai Composite Index has broken below the 20-day moving average, indicating potential further declines, yet the valuation levels suggest limited downside risk [13]