Core Viewpoint - Dazhong Public (600635.SH/01635.HK) was awarded the "Annual A+H Outstanding Enterprise Award" at the recent Gelonghui "Golden Award" annual selection, reflecting its strong performance in a complex market environment and the effectiveness of its dual-driven strategy for future growth [1] Group 1: 2025 Year-End Review - In 2025, Dazhong Public's A-share price increased by 52.57%, with a peak increase exceeding 90%, while H-shares rose by 86.72%, with a maximum increase over 160%, indicating a positive market re-evaluation of the company's value [1] - The company's net profit saw a year-on-year growth of over 200% in the first three quarters of 2025, with a non-recurring net profit reaching 309 million yuan, up 104.79%, showcasing significant improvement in core profitability [4] - By the end of Q3 2025, the company's debt-to-asset ratio was 54.06%, maintaining a reasonable level, and its net cash flow from operating activities surged by 93.84% to 944 million yuan, exceeding net profit, which supports ongoing dividends and new project investments [5] Group 2: Dual-Driven Strategy - Dazhong Public operates under a unique "public utility + financial investment" dual-driven model, with the public utility sector providing stable cash flow and acting as a "ballast" for overall operations [7] - The pipeline gas supply business remains the primary revenue source, with significant advantages in seven administrative regions and exclusive service in Nantong, creating a strong supply barrier [8] - The investment sector serves as a "growth engine," with the company actively managing existing projects and benefiting from its stake in Shenzhen Innovation Investment Group, which has led to multiple successful IPOs in 2025 [9][10] Group 3: 2026 Outlook - The first main line for 2026 focuses on "safety and renovation" in the public utility sector, with investments in pipeline upgrades and smart management expected to enhance operational efficiency and stability [11] - The second main line comes from the value realization of the investment sector, with anticipated A-share market inflows of 2 trillion yuan and an IPO scale of 200 billion yuan in 2026, indicating a favorable environment for technology companies [12] - Overall, Dazhong Public's dual-driven strategy has not only achieved significant results in 2025 but also laid a solid foundation for growth in 2026, offering stable dividends while maintaining patience for the realization of technology investments [13]

Core Viewpoint - Dazhong Public (600635.SH/01635.HK) has been awarded the "Annual A+H Outstanding Enterprise Award" at the recent Gelonghui "Golden Award" annual selection, reflecting its strong performance in a complex market environment and the effectiveness of its dual-driven strategy for future growth [1] Group 1: 2025 Year-End Review - In 2025, Dazhong Public's A-share price increased by 52.57%, with a peak rise exceeding 90%, while H-shares surged by 86.72%, reaching a maximum increase of over 160%, indicating a positive market re-evaluation of the company's value [1] - The company achieved a net profit growth of over 200% year-on-year in the first three quarters of 2025, with a non-recurring net profit of 309 million yuan, reflecting a significant improvement in core profitability [3] - Dazhong Public optimized its financial structure, maintaining a debt-to-asset ratio of 54.06% and achieving a 93.84% increase in net cash flow from operating activities to 944 million yuan, supporting ongoing dividends and new project investments [4] Group 2: Dual-Driven Strategy - Dazhong Public operates under a unique "public utility + financial investment" dual-driven model, with the public utility sector providing stable cash flow and serving as a financial backbone [6] - The company's pipeline gas supply business remains its primary revenue source, with significant advantages in specific administrative regions, creating a strong supply barrier [6] - The investment segment acts as a growth engine, with Dazhong Public actively managing existing projects and benefiting from its stake in Shenzhen Innovation Investment Group, which has led to multiple successful IPOs in 2025 [8] Group 3: 2026 Outlook - The first main line for 2026 focuses on "safety and transformation" in the public utility sector, emphasizing pipeline upgrades and smart management to enhance operational efficiency [9] - The second main line derives from the value realization of the investment segment, with expectations of significant capital inflow into the A-share market and an anticipated IPO scale of 200 billion yuan in 2026 [10] - Dazhong Public's dual-driven strategy has not only yielded significant results in 2025 but also laid a solid foundation for its development in 2026, offering investors stable dividends while maintaining patience for the realization of technology investments [11]

投资者可以在交易所互动平台上通过提问方式了解部分公司更及时（每月10日、20日、月末）的股东户 数信息。证券时报·数据宝统计显示，440家公司公布了截至1月10日最新股东户数，相比之前各期，有 67股股东户数连续减少3期以上，股东户数最多已连降10期。也就是说筹码呈持续集中趋势。 | 600719 | 大连热 | 33000 | -2.94 | 3 | 4.88 | -1.23 | | --- | --- | --- | --- | --- | --- | --- | | | 电 | | | | | | | 000786 | 北新建 | 67000 | -2.90 | 6 | 4.32 | 1.33 | | | 材 | | | | | | | 002162 | 悦心健 康 | 46664 | -2.87 | 4 | 10.71 | 4.28 | | 301105 | 鸿铭股 份 | 4042 | -2.86 | 6 | 15.92 | 12.93 | | 002467 | 二六三 | 145267 | -2.76 | 3 | 6.16 | 0.05 | | 000059 | 华锦股 | 41066 | -2. ...

据阿通社1月9日报道，阿布扎比能源局联合阿布扎比电力与水公用事业公司(TAQA Distribution)推 出"Barq"超高速电动车充电网络项目。首期将在核心区域部署50余个360千瓦充电桩，可实现充电3分 钟，续航百公里，并配套智能App管理。项目将于2026年1月上线，旨在服务2050年净零目标，助力构 建低碳、智能出行体系。 ...

1月13日，内险股早盘普遍走高，港股通红利低波ETF基金（159118）高开后震荡上行，现涨超1%，成 分股恒基地产、中国财险、环球医疗、中国海洋石油等领涨。 港股通红利低波ETF基金（159118）紧密跟踪标普港股通低波红利指数（港币），成分股偏向大盘价值 风格，前三大行业分别为房地产、公用事业和银行，前十大成份股涵盖了多行业高股息标的，助力投资 者低费率（管理费+托管费仅0.2%）、高效率（T+0交易）一键布局港股+红利+低波。 国信证券指出，随着经济增速的下行，能够持续提供较高的成长性的公司越来越难找到，因此投资者更 倾向于寻找相对确定性更高的资产，有利于红利策略。红利策略具有"类债券"属性，在低利率期间红利 策略的性价比相对较高。当前利率水平保持较低水平，为配置红利类策略好时机。 ...

1月13日早盘，港股恒指高开涨1.32％，国企指数涨1.25％，科指开涨1.93%，AI应用方向延续强势。标 普港股通低波红利指数（港币）跟随市场上行。相关ETF方面，港股通红利低波ETF基金（159118）涨 多跌少，九龙仓置业、恒基地产、新鸿基地产等领涨。 港股通红利低波ETF基金（159118）紧密跟踪标普港股通低波红利指数（港币），该指数历史长期业绩 突出，显著高于恒生指数以及恒生红利类指数和红利低波全收益指数。成分股偏向大盘价值风格，前三 大行业分别为房地产、公用事业和银行。基金管理费年费率为0.15%，托管费年费率为0.05%，助力投 资者一键布局"红利+低波"双因子。 华泰策略港股情绪指数显示，上周五该指数正式落入"恐慌区间"。2023年底以来进入"恐慌区间"布局港 股，未来1个月胜率100%。此外，AH比较视角下，港股或进入相对收益期。近期A股大幅走强而港股相 对滞涨，AH溢价指数上升至122.7的阶段高点，对应指标的港股情绪得分来到历史最低水平，相比之下 A股近期涨幅较快情绪反而在高位。2月春节假期和假期前可能重现港股9月—10月追涨A股行情。 ...

策略周报 "十六连阳"背后是哪些资金在买——1 月第 1 周立体投资策 略周报 核心结论：①1 月第 1 周，资金入市合计净流入 721 亿元，前一周流出 104 亿元。②短期情绪指标处于 05 年以来高位，长期情绪指标处于 05 年以来中 低位。③从行业角度看，以换手率为例，过去一周国防军工、传媒、汽车等 热度较高。 1 月第 1 周，资金入市合计净流入 721 亿元，前一周流出 104 亿元。资金流 入方面，融资余额增加 858 亿元，公募基金发行增加 70 亿元，ETF 净赎回 4 亿元，北上资金估算净流入 96 亿元；资金流出方面，IPO 融资规模 15 亿元， 产业资本净减持 145 亿元，交易费用 139 亿元。 证券研究报告 | 2026年01月12日 短期情绪指标处于 05 年以来高位。短期情绪指标主要看换手率和融资交易 占比，最近一周换手率（年化）为 564%，当前处在历史上由低到高 87%的分 位；最近一周融资交易占比为 11.36%，当前处在历史上由低到高 90%的分位。 长期情绪指标处于 05 年以来中低位。长期情绪指标主要看大类资产比价， 一看价格对比，最近一周 A 股风险溢价（全部 ...

Group 1: Seasonal Capital Inflows - In January, significant seasonal inflows of global capital into Chinese equity markets (including A-shares, H-shares, and Chinese concept stocks) are expected, with a historical probability of 76% for the Hang Seng Index to have a positive annual return if inflows are positive[12] - Since 2000, global capital typically experiences a significant inflow into Hong Kong local stocks in January after marginal outflows in December[10] - In December 2025, the inflow into the Chinese equity market reached $177.6 billion, while the inflow into the emerging market bond market was $177.7 billion[26] Group 2: Global Asset Flow Overview - As of December 31, 2025, the relative inflow ratio for Chinese fixed-income funds reached 11.2%, leading other markets, while equity funds saw a 1.3% inflow, also leading other major markets[23] - In December, the U.S. equity market saw inflows of $778.8 billion, while emerging markets experienced inflows of $339.5 billion[19] - The inflow into the U.S. fixed-income market was substantial, with $391.3 billion in December, indicating a preference for U.S. assets[19] Group 3: Fund Type Analysis - In December, passive equity funds accounted for a significant portion of inflows into emerging markets, with $347 billion, although this was a decrease from $424 billion in November[60] - Active equity funds saw outflows of $7 billion in emerging markets, with China experiencing a $5 billion outflow in December[60] - The inflow into Chinese fixed-income markets was $178 billion in December, representing 68% of the total inflow into emerging market bonds[57]

（原标题：20股筹码连续3期集中） 投资者可以在交易所互动平台上通过提问方式了解部分公司更及时（每月10日、20日、月末）的股东户 数信息。证券时报•数据宝统计显示，147家公司公布了截至1月10日最新股东户数，相比之前各期，有 20股股东户数连续减少3期以上，股东户数最多已连降8期。也就是说筹码呈持续集中趋势。 | 代码 | 简称 | 最新股东户 | 较上期增减 | 连续下降期 | 筹码集中以来涨跌 | 相对沪指 | | --- | --- | --- | --- | --- | --- | --- | | | | 数 | （%） | 数 | （%） | （%） | | 603327 | 福蓉科 | 51363 | -7.34 | 3 | -13.95 | -20.74 | | | 技 | | | | | | | 002883 | 中设股 | 17257 | -4.01 | 8 | -4.30 | -12.10 | | | 份 | | | | | | | 300626 | 华瑞股 份 | 11700 | -3.18 | 7 | 34.70 | 29.38 | | 002939 | 长城证 | 120937 ...

A股再次见证历史，沪深两市成交额刷新历史新高！ 1月12日，沪深两市继续拉升，商业航天、AI应用等各大概念板块爆发，沪指盘中突破4150点，与此同 时沪深两市成家额不断攀升，午盘休市时两市成交额已经突破2万亿大关。午后A股两市成交额继续扩 大，在临近收盘之前两市成交额突破3.46万亿元，一举刷新了A股在2024年10月8日创下的34549.33亿元 的成交记录。 截至收盘，沪指涨超1%，走出17连阳，最终沪深两市成交额达到3.6万亿，较上一个交易日放量4787 亿，连续第2个交易日突破3万亿，连续第10个交易日突破2万亿元。 与此同时，A股杠杆资金加速流入，开年首周（1月5日至9日）融资净流入规模达到857.79亿元，在A股 历史上位列单周第五。其中，前四天每日净流入规模超过百亿元，分别为192.66亿元、188.87亿元、 249.02亿元、159.44亿元，显示出资金"加速入场"态势。其中，1月7日A股市场两融余额达26047亿元， 首次突破2.6万亿元大关，并创出历史新高。 截至2026年1月9日，两融余额为26276.01亿元，刷新历史新高，两融余额占A股流通市值2.55%，其中 融资余额26,099 ...