Market Overview - The IT services sector experienced a decline of 3.02% on February 2, with Aerospace Hongtu leading the drop [1] - The Shanghai Composite Index closed at 4015.75, down 2.48%, while the Shenzhen Component Index closed at 13824.35, down 2.69% [1] Stock Performance - Notable gainers in the IT services sector included: - Yacon Co., Ltd. (301085) with a closing price of 63.45, up 11.90% on a trading volume of 118,500 shares and a transaction value of 748 million [1] - Jiachuang Video (300264) closed at 6.52, up 4.32% with a trading volume of 289,200 shares and a transaction value of 190 million [1] - Significant decliners included: - Aerospace Hongtu (688066) with a closing price of 28.55, down 20.01% on a trading volume of 47,100 shares and a transaction value of 135 million [2] - Kaipu Cloud (688228) closed at 195.84, down 20.00% with a trading volume of 40,700 shares and a transaction value of 861 million [2] Capital Flow - The IT services sector saw a net outflow of 3.333 billion from institutional investors, while retail investors experienced a net inflow of 2.195 billion [2] - The capital flow for specific stocks showed: - Yacon Co., Ltd. (301085) had a net inflow of 65.7874 million from institutional investors, while retail investors had a net outflow of 21.3519 million [3] - Guangyun Technology (688365) recorded a net inflow of 57.4734 million from institutional investors, with retail investors seeing a net outflow of 10.2 million [3]

2月2日上午，A股三大指数集体下跌，其中沪指下跌1.02%。截止10:58，科创100ETF华夏 （588800.SH）下跌2.85%。其他宽基指数中，上证50跌0.55%，科创50跌2.24%，创业板50跌1.02%，北 证50跌0.81%。 | 值 | | | 科创100ETF华夏 588800 | | | --- | --- | --- | --- | --- | | 0251125-20260202 (48) 合 | 1.623 | 1.500 | | -0.044(-2.85%) | | .602 | | 委北 | +19.87% | 32581 | | | | 5 | 1.505 | gggg | | | 1.519 | 卖4 | 1.504 | 7395 | | | | 3 | 1.503 | 21057 | | | | 盘2 | 1.502 | 17227 | | | 1.415 | 1 | 1.501 | 10000 | | | | 1 | 1.500 | 22916 | | | 1.311 | 买2 | 1.499 | 19018 | | | | 3 | 1.498 | 28674 | | ...

截至2026年1月30日收盘，东软集团（600718）报收于10.46元，较上周的11.48元下跌8.89%。本周，东 软集团1月29日盘中最高价报11.56元。1月30日盘中最低价报10.28元。东软集团当前最新总市值124.83 亿元，在IT服务板块市值排名39/119，在两市A股市值排名1672/5184。 业绩披露要点：东软集团预计2025年归属净利润亏损3亿元至3.7亿元。 业绩披露要点：2025年扣非后净利润预计亏损3.6亿元至4.3亿元。 公司公告汇总：宏观环境波动与研发投入加大致亏损，最终数据以审计年报为准。 本周关注点 公司公告汇总 东软集团股份有限公司预计2025年度实现归属于上市公司股东的净利润为-3.7亿元到-3.0亿元，扣除非 经常性损益后的净利润为-4.3亿元到-3.6亿元，将出现亏损。主要原因为宏观环境波动、行业需求调整 及市场竞争加剧导致项目实施成本上升，同时公司加大AI、数据价值化等领域研发投入，推进组织变 革，致使成本费用增加。此外，创新业务公司对公司利润仍呈负向影响，且计提长期股权投资减值准备 亦对利润造成负面影响。本期业绩未经注册会计师审计，最终数据以正式披露的经审计年 ...

Market Overview - The IT services sector experienced a decline of 1.93% on January 30, with *ST Yun Chuang leading the drop [1] - The Shanghai Composite Index closed at 4117.95, down 0.96%, while the Shenzhen Component Index closed at 14205.89, down 0.66% [1] Stock Performance - Notable gainers in the IT services sector included: - Chengdi Xiangjiang (603887) with a closing price of 15.62, up 10.00% and a trading volume of 452,200 shares, totaling 696 million yuan [1] - Hongjing Technology (301396) closed at 111.88, up 9.59% with a trading volume of 236,300 shares, totaling 2.635 billion yuan [1] - Chuling Information (300250) closed at 26.43, up 6.27% with a trading volume of 264,500 shares, totaling 683 million yuan [1] - Major decliners included: - *ST Yun Chuang (920305) closed at 7.10, down 28.28% with a trading volume of 92,700 shares, totaling 69.559 million yuan [2] - Haoyun Technology (300448) closed at 9.21, down 6.21% with a trading volume of 639,300 shares, totaling 600 million yuan [2] - Meideng Technology (920227) closed at 82.40, down 6.04% with a trading volume of 27,500 shares, totaling 231 million yuan [2] Capital Flow - The IT services sector saw a net outflow of 4.541 billion yuan from institutional investors, while retail investors contributed a net inflow of 3.451 billion yuan [2] - Notable capital flows included: - Chengdi Xiangjiang (603887) had a net inflow of 2.12 billion yuan from institutional investors, while retail investors saw a net outflow of 1.04 billion yuan [3] - Yun Tian Li Fei (688343) experienced a net inflow of 1.78 billion yuan from institutional investors, with retail investors facing a net outflow of 8.165 million yuan [3] - Guo Wang Xin Tong (600131) had a net inflow of 81.676 million yuan from institutional investors, while retail investors had a net outflow of 6.482 million yuan [3]

Group 1 - The core viewpoint of the article highlights the strategic implications of the India-EU free trade agreement, which aims to reshape economic relations while exposing India's vulnerabilities in international competition [1][3]. - The agreement stipulates that the EU will implement zero tariffs on 99.5% of Indian goods over the next seven years, particularly benefiting labor-intensive sectors like textiles, leather, and pharmaceuticals, thus opening a significant European market for India [1][3]. - In exchange, India will significantly reduce tariffs on EU automobiles and machinery, presenting a seemingly mutually beneficial arrangement, but also revealing the fragility of India's economy under international competition [1][3]. Group 2 - Despite having competitive advantages in IT services and finance, India's economic structure is predominantly service-oriented, with a low manufacturing sector share and a high proportion of small and medium enterprises that are vulnerable to market fluctuations [3]. - The reduction of tariffs on EU automotive and machinery products is expected to impact India's local industries negatively, while short-term benefits in textiles and leather may not be sustainable due to a lack of core technological support in manufacturing [3]. - Institutional shortcomings and execution challenges further amplify the risks associated with the agreement, as effective implementation requires legislative approval and robust policy support, which are currently lacking in India's labor reforms and compliance with EU standards [3]. Group 3 - The recent political turmoil following the plane crash in Maharashtra, which resulted in the death of a key political figure, has intensified power struggles within the region, potentially affecting India's economic stability as Maharashtra contributes nearly 15% of the national GDP [5]. - Despite gaining temporary political advantages, the Modi government faces significant challenges ahead of the 2026 elections, with economic indicators such as GDP growth projected to slow to 6.2% and inflation rising to 4% [5]. - The future trajectory of India's economic development hinges on its ability to navigate the opportunities and risks presented by the free trade agreement, alongside addressing political, economic, and diplomatic challenges [7].

[Table_Page] 跟踪研究|IT 服务Ⅱ 证券研究报告 [Table_Title] 网宿科技（300017.SZ） 公司有望受益于 CDN 等云服务涨价趋势 [Table_Summary] 核心观点： 1 / 6 972918116公共联系人2026-01-30 01:08:14 | 盈利预测： | | | | | | | --- | --- | --- | --- | --- | --- | | [Table_ 单位 Finance] :人民币百万元 | 2023A | 2024A | 2025E | 2026E | 2027E | | 营业收入 | 4,705 | 4,932 | 5,176 | 5,403 | 5,629 | | 增长率（ % ） | -7.4% | 4.8% | 5.0% | 4.4% | 4.2% | | EBITDA | 759 | 687 | 799 | 865 | 922 | | 归母净利润 | 613 | 675 | 826 | 758 | 821 | | 增长率（ % ） | 221.7% | 10.0% | 22.5% | -8.2% | 8.2% | | EPS ...

证券之星消息，1月29日IT服务板块较上一交易日下跌0.05%，天阳科技领跌。当日上证指数报收于 4157.98，上涨0.16%。深证成指报收于14300.08，下跌0.3%。IT服务板块个股涨跌见下表： | 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | | --- | --- | --- | --- | --- | --- | --- | | 688365 | 光云科技 | 28.41 | 12.07% | 54.45万 | | 15.64亿 | | 920227 | 美登科技 | 87.70 | 11.93% | 4.57万 | | 3.92亿 | | 688258 | 卓易信息 | 155.20 | 9.92% | 13.37万 | | 21.45 Z | | 301172 | 君逸数码 | 28.59 | 7.97% | 17.78万 | | 5.07亿 | | 300448 | 浩云科技 | 9.82 | 7.91% | 74.18万 | | 7.10亿 | | 300017 | 网宿科技 | 16.80 | 7.76% | 667.23万 | | 108.60 ...

Group 1 - The company, Zhongyi Technology (301208.SZ), has engaged in the IT infrastructure construction for certain clients in the cross-border payment sector [2] - The company also provides operational maintenance services for the related IT infrastructure in cross-border payment systems [2]

证券之星消息，1月28日IT服务板块较上一交易日下跌0.69%，卓易信息领跌。当日上证指数报收于 4151.24，上涨0.27%。深证成指报收于14342.9，上涨0.09%。IT服务板块个股涨跌见下表： | 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | | --- | --- | --- | --- | --- | --- | --- | | 300017 | 网宿科技 | 15.59 | 15.14% | 714.71万 | | 113.69亿 | | 301218 | 华是科技 | 36.00 | 11.52% | 20.49万 | | 6.98亿 | | 000815 | 美利云 | 14.28 | 10.02% | 57.91万 | | 8.26亿 | | 301178 | 天亿马 | 56.56 | 7.98% | 5.48万 | | 3.07亿 | | 301396 | 宏景科技 | 105.01 | 7.04% | 31.13万 | | 31.33 乙 | | 002232 | 启明信息 | 20.27 | 5.68% | 22.96万 | | 4.62亿 ...

Core Viewpoint - The company, Zhongyi Technology, focuses on providing comprehensive IT infrastructure services and products, emphasizing its commitment to the IT infrastructure layer and not currently engaging in the digital currency sector [1]. Group 1: Company Overview - Zhongyi Technology is an IT infrastructure full-stack and full-cycle service provider, specializing in planning consultation, architectural design, integration implementation, production launch, and operational maintenance [1]. - The company aims to enhance the automation and intelligence of operational processes through intelligent operation and maintenance products [1].