精智达接受170家机构调研。 该笔订单是市场对公司长期投入的高度肯定。这不仅是订单金额的重要突破，更充分验证了公司技术路线的正确性和市场地位的稳固性；在国际供应商交 期紧张的当下，这份订单凸显了公司在国产供应链中的核心竞争力。 记者注意到，机构调研上市公司热情不减。机械设备、计算机等行业调研热度持续，电子、机械设备行业，近5天接受调研机构家数位居前列，相关上市 公司被调研频率较高。 扬子晚报网2月1日讯(记者范晓林薄云峰)1月份的最后一个工作周(1月26日—1月30日)，精智达接受170家机构调研，成为同期获机构调研家数最多的上市 公司。公司近期签订13.11亿元半导体测试设备销售合同备受市场关注。 精智达1月23日公告，公司控股子公司合肥精智达集成电路技术有限公司与客户签订日常经营性销售合同，合同标的为半导体测试设备及其配套治具，合 同总金额13.11亿元(含税)。 | 开始日期: | 2026-01-26 | រួ 截止日期: | 2026-01-31 | I 证券检索: 请输入代码或 | | --- | --- | --- | --- | --- | | 序号 | | | 调研机构家数 | | | | ...

美国小盘股正迎来高光时刻，而华尔街普遍预期，这轮行情不会很快结束。被视为市场上风险最高股票 聚集地的罗素2000指数，刚刚创下自1996年以来跑赢大盘股的最长连涨纪录。 尽管这一表现令人瞩目，但历史上达到类似领先水平的行情往往难以持续。不过策略师们表示不必担 忧。随着本轮由大型科技股引领的牛市行情趋于扩散，他们对小盘股前景转向乐观。 这一判断主要基于对利率下行与经济增长共同推动小盘股盈利加速的预期。此外，监管放松、信贷利差 收窄以及进一步的降息，都将为这类高贝塔值股票提供顺风。 Horizon Investments LLC研究与量化策略主管迈克尔.迪克森建议交易者提前规划："这种相对波动性将 更趋常态而非异常。" 值得注意的是，苹果(AAPL.US)、谷歌母公司Alphabet(GOOGL.US)和英伟达(NVDA.US)等巨头的各自 市值均超过了整个罗素2000指数(该指数总市值约3.6万亿美元)。高盛近期已警示，当投资者从大盘股轮 动并部分转向小盘股时，流动性可能构成阻碍。 然而，许多投资者仍视小盘股为当前市场估值低廉、长期受冷落却正享受多重顺风的角落。迪克森总结 称："这是市场持仓偏低的领域。估值较低 ...

Core Viewpoint - The U.S. labor market shows signs of resilience with a notable rebound in non-farm payrolls, indicating that employment changes are not linear and that previous weaknesses were partly due to external shocks like tariffs [1][5][6]. Group 1: Non-Farm Payrolls and Employment Trends - In September, the U.S. added 119,000 non-farm jobs, significantly exceeding the expected 50,000 and the Dallas Fed's estimated 30,000 jobs needed for labor market balance [1][5]. - The healthcare sector contributed the most with 57,000 jobs, followed by leisure and hospitality with 47,000, and construction with 19,000 [1][6]. - The transportation and warehousing sector saw a decline of 25,000 jobs, reflecting broader economic sensitivity and automation trends [6]. Group 2: Unemployment Rate and Labor Force Participation - The unemployment rate rose to 4.44%, marking a high point for the current cycle, with an increase in both employed (251,000) and unemployed (219,000) individuals [2][7]. - Labor force participation slightly increased to 62.4%, with notable improvements among younger demographics, while the core working age group (25-54) saw stagnant participation and rising unemployment [7][8]. Group 3: Wage Growth and Labor Market Indicators - Average hourly earnings increased by 3.79% year-over-year, slightly lower than the previous 3.83%, while the Index of Aggregate Payrolls Private showed a stronger growth of 4.65% [12][13]. - Average weekly hours remained stable at 34.2 hours, indicating cautious labor scheduling by employers [12][13]. Group 4: Federal Reserve Outlook - The Federal Open Market Committee (FOMC) is likely to pause interest rate cuts in December, influenced by the rebound in non-farm payrolls and the lack of new data due to government shutdowns [3][14][18]. - Market expectations for a rate cut in December are modest, with a probability of 39.6%, reflecting limited changes in economic conditions [4][20]. Group 5: Market Reactions and Sector Performance - Following the employment data release, U.S. stock indices fell, with the S&P 500 down 1.56%, indicating a risk-off sentiment among investors [4][21]. - Defensive sectors such as utilities and healthcare performed relatively well, while technology stocks faced significant declines [21].

Core Viewpoint - The frequency of bank wealth management subsidiaries conducting research on listed companies has significantly increased in 2023, indicating a growing interest in equity investments and the development of their investment research capabilities [1][2]. Group 1: Research Activity - As of March 22, 2023, 15 bank wealth management subsidiaries conducted research on listed companies 374 times, compared to over 350 times in the first half of the previous year [1]. - Notable participants in the research include Zhuhai Wealth Management with 100 research instances covering 86 companies, followed by Xingyin Wealth Management with 93 instances [1]. - Other subsidiaries such as Huizhou Wealth Management, Hangzhou Wealth Management, and Ningbo Wealth Management also showed significant research activity, each exceeding 10 instances [1]. Group 2: Investment Preferences - The sectors attracting attention from bank wealth management subsidiaries include electronics, biotechnology, industrial machinery, healthcare, food, and regional banks, reflecting a broader interest in various industries [1][2]. - The preference for these sectors is attributed to their status as market hotspots or sectors with improved fundamentals, thus presenting high allocation value [2]. Group 3: Regulatory Environment - The China Banking and Insurance Regulatory Commission (CBIRC) has emphasized increasing the issuance of equity asset management products, supporting wealth management companies in enhancing their equity product ratios [2][3]. - Over the past two years, regulatory encouragement has led to a gradual maturation of bank wealth management subsidiaries in equity investments, although the number of equity products remains limited [2]. Group 4: Market Dynamics - In a declining interest rate environment, high-quality debt assets are becoming scarce, prompting bank wealth management subsidiaries to increase their allocation to equity assets to enhance product yield [3]. - The need for these subsidiaries to strengthen their compliance and risk management systems is highlighted, as they navigate the shift towards more equity-focused products while considering their clients' lower risk appetites [3].

Group 1 - A-shares showed mixed performance on May 22, with growth sectors like semiconductors, communications, and charging piles leading the gains [1] - The A500 Index ETF (159351) saw active trading, with a transaction amount exceeding 500 million yuan and a turnover rate over 3.5% [1] - The A500 Index ETF recorded a net inflow of over 23 million yuan on May 21, bringing its latest scale to 14.379 billion yuan [1] Group 2 - Insurance funds have conducted a total of 7,677 surveys on A-share listed companies as of May 21, focusing on high-dividend and technology growth sectors [2] - Experts indicate that insurance capital is likely to continue optimizing a "barbell" asset allocation strategy, seeking long-term sustainable investment opportunities [2] - Financial analysts suggest maintaining a balanced allocation strategy, with a focus on export industry chains, self-sufficiency, and high-dividend sectors in the current market environment [2]

Core Viewpoint - Insurance capital is focusing on high dividend and technology growth sectors, with a total of 7,677 research activities conducted on A-share listed companies as of May 21 this year, indicating a strategic shift towards stable cash flow and growth potential [1][2]. Group 1: Research Activities - A total of 180 insurance institutions conducted 7,677 research activities on 1,292 A-share listed companies, showing a decrease in frequency compared to the same period last year [2]. - Among insurance asset management institutions, Taikang Asset Management and Huatai Asset Management led with 428 and 317 research activities, respectively [2]. - Pension insurance companies were the most active in research, with the top five being Ping An Pension Insurance, Changjiang Pension Insurance, China Life Pension Insurance, Taiping Pension Insurance, and China People's Pension Insurance [2]. Group 2: Reasons for Decrease in Research Frequency - The decline in research frequency is attributed to three main factors: focus on high dividend stocks in a low-interest environment, more precise investment strategies due to regulatory clarity, and established market consensus on certain technology growth sectors [3]. - Despite the decrease in research frequency, the allocation of stocks by insurance companies has increased, with the proportion of funds allocated to stocks rising to 7.56% for property insurance companies and 8.43% for life insurance companies, up by 1.2 and 1.65 percentage points year-on-year, respectively [3]. Group 3: Investment Focus - The primary focus of insurance capital research includes high dividend sectors and technology growth sectors, such as electronic components, industrial machinery, electrical components and equipment, integrated circuits, medical equipment, and regional banks [4]. - Over 500 of the researched companies are listed on the Sci-Tech Innovation Board or the Growth Enterprise Market, accounting for nearly 40% of the total [4]. - The core characteristics of the sectors being focused on are the stable cash flow from high dividend assets and the growth potential of high-tech assets, which are supported by government policies [4]. Group 4: Future Outlook - Insurance capital is expected to continue optimizing a "barbell" asset allocation strategy, balancing high dividend assets for stable returns with investments in technology innovation, green low-carbon initiatives, and health care sectors [5]. - The use of innovative tools such as long-term equity investments and REITs will be emphasized to enhance portfolio structure while strengthening ESG risk management [5]. - The industry is encouraged to maintain a long-term investment philosophy and actively seek sustainable investment opportunities [5].