截至1月8日，市场最新融资余额为26031.55亿元，较上个交易日环比增加159.44亿元，分行业统计，申 万所属一级行业有21个行业融资余额增加，非银金融行业融资余额增加最多，较上一日增加37.89亿 元；融资余额增加居前的行业还有电子、国防军工、计算机等，融资余额分别增加27.68亿元、24.58亿 元、21.40亿元；融资余额减少的行业有10个，建筑装饰、商贸零售、石油石化等行业融资余额减少较 多，分别减少4.07亿元、2.70亿元、1.81亿元。 | 通信 | 1247.77 | -1.17 | -0.09 | | --- | --- | --- | --- | | 公用事业 | 531.54 | -1.23 | -0.23 | | 家用电器 | 389.60 | -1.61 | -0.41 | | 农林牧渔 | 301.71 | -1.62 | -0.53 | | 石油石化 | 235.83 | -1.81 | -0.76 | | 商贸零售 | 287.10 | -2.70 | -0.93 | | 建筑装饰 | 383.43 | -4.07 | -1.05 | （文章来源：证券时报网） 1月8日各行 ...

证券研究报告 2026 年 1 月 8 日 星期四 【A 股市场大势研判】 大盘震荡休整，沪指微涨录得 14 连阳 市场表现： | 指数名称 | 收盘点位 | 涨跌幅 | 涨跌 | 上证指数分时图 | | --- | --- | --- | --- | --- | | 上证指数 | 4085.77 | 0.05% | 2.11 | | | 深证成指 | 14030.56 | 0.06% | 8.01 | | | 沪深 300 | 4776.67 | -0.29% | -14.03 | | | 创业板 | 3329.69 | 0.31% | 10.40 | | | 科创 50 | 1443.39 | 0.99% | 14.09 | | | 北证 50 | 1496.28 | 0.22% | 3.24 | | 资料来源：东莞证券研究所，iFinD 数据 板块排名： | 申万行业表现前五 | | | 申万行业表现后五 | 概 | 念板块表现前五 | 概念板块表现后五 | | | --- | --- | --- | --- | --- | --- | --- | --- | | 综合 | 3.86% | 石油石化 ...

| 行业名 | 成交量（亿 | 成交量较昨日增减 | 换手率 | 涨跌幅 | 今日主力资金净流入（亿 | | --- | --- | --- | --- | --- | --- | | 称 | 股） | （%） | （%） | （%） | 元） | | 非银金 | 88.92 | 80.24 | 2.12 | 3.73 | 69.61 | | 融 | | | | | | | 有色金 属 | 93.65 | 18.48 | 4.16 | 4.26 | 58.85 | | 汽车 | 76.22 | 12.61 | 3.40 | 1.43 | 24.69 | | 计算机 | 83.35 | 4.69 | 4.65 | 2.19 | 19.71 | | 石油石 化 | 29.87 | -1.79 | 0.81 | 2.82 | 11.11 | | 基础化 工 | 96.45 | 39.02 | 3.52 | 3.12 | 9.54 | | 煤炭 | 27.24 | 110.38 | 2.08 | 2.18 | 6.54 | | 钢铁 | 34.64 | 34.92 | 1.75 | 2.12 | 5.92 | | 电 ...

| 代码 | 简称 | 最新融资余额(万 | 融资余额环比增减 | 收盘价 | 当日涨跌幅 | 所属行 | | --- | --- | --- | --- | --- | --- | --- | | | | 元） | （%） | （元） | （%） | 业 | | 300986 | 志特新 | 36336.42 | 67.98 | 13.42 | 20.04 | 建筑装 | | | 材 | | | | | 饰 | | 301515 | 港通医 | 4244.52 | 49.16 | 22.90 | 14.16 | 医药生 | | | 疗 | | | | | 物 | | 301337 | 亚华电 子 | 9512.67 | 41.81 | 31.96 | 16.18 | 计算机 | | 301066 | 万事利 | 14736.71 | 38.74 | 19.81 | 0.61 | 纺织服 饰 | | | 西测测 | | | | | 国防军 | | 301306 | 试 | 42861.39 | 37.10 | 137.23 | 20.00 | 工 | | 300936 | 中英科 | 9409.54 | 29 ...

>>>>> ETF早知道 >>>>> ETF早知道 ETF문知道 WP bao (<<<< >>>> HDFIT 2025 国际早知道 Dec 76 ETFEFR通 (4) { (4) { (4) { (4) = (4) 市场温度计 >>>>> ETFOF B 中长期信号 · 投资看温度 -- > 75% --- 75% 75% -- + 25% -- + 25% -- + 25% ETFOFRE <<<< 0.47% 0.33% 0.30% ← ← ↑ 上证指数 深证成指 创业板指 注:温度计水银条由对应指数的近十年市盈率分位数表示,总值为100%。数据来源:iFind,截至 2025.12.25，上证指数、深证成指、创业板指的近十年市盈率分位数分别为94.94%、85.93%、 43.25% ETFER e 0 2 6 板块热力图 ETFEFRE <<<< 短期轮动走向 · 观九宫热力值 +1.59% +2.91% +1.51% 机械设备 国防军工 轻工制造 FEFR +1.08% +1.46% -0.24% 煤炭 非银金融 汽车 -0.77% -1.12% -0.47% 商贸零售 综合 有色金属 数据来 ...

投资咨询业务资格：证监许可【2012】669号 股指反弹持续，贵金属小幅回调 ——中信期货晨报20251226 中信期货研究所 仲鼎 从业资格号F03107932 投资咨询号Z0021450 重要提示：本报告非期货交易咨询业务项下服务，其中的观点和信息仅作参考之用，不构成对任何人的投资建议。 我司不会因为关注、收到或阅读本报告内容而视相关人员为客户；市场有风险，投资需谨慎。 | | | | 金融市场涨跌幅 | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | | 板块 | 品种 | 现金 | | | 日度涨跌幅 周度涨跌幅 月度涨跌幅 李度涨跌幅 今年涨跌幅 | | | | 股指 | 沪深300期货 | 4610.6 | 0.344 | 1.85% | 3.09% | -0.16% | 11729X | | | 上证50期货 | 3034 | 0 23% | 0.92% | 2.53% | 1.51% | 13.29% | | | 中证500期货 | 7320.6 | 1 00 00 % | 3.76% | 7.64% | 0.41% | 28 ...

Group 1 - The core initiative of the Shenzhen Stock Exchange is the "Quality Return Dual Improvement" action, aimed at enhancing the development quality and investment value return capabilities of listed companies, with 471 companies already disclosing their action plans by November 2025 [1] - The 471 companies involved have significant influence, with 293 being part of the Shenzhen Component Index, 88 in the CSI 300 Index, and 82 in the ChiNext Index, collectively representing about 50% of the total market capitalization of the Shenzhen market [1] - The participating companies span 30 industries, including electronics, power equipment, pharmaceuticals, and computers, with nearly 70% being private enterprises [1] Group 2 - The "Dual Improvement" companies have focused on core business development, achieving a total operating revenue of 9.8 trillion yuan in 2024, a year-on-year increase of 3.6%, and a net profit of 743.39 billion yuan [2] - In the first three quarters of 2025, these companies reported an operating revenue of 7.5 trillion yuan, up 6.9% year-on-year, and a net profit of 651.3 billion yuan, reflecting a 10.8% increase [2] - Research and development (R&D) investment accounted for 4.3% of operating revenue in the first half of 2025, with a total R&D investment representing 59.5% of the Shenzhen market [2] Group 3 - From 2022 to 2024, the annual total dividend of the "Dual Improvement" companies grew at a compound annual growth rate of 10%, with the 2024 dividend amount accounting for 43.6% of net profit, an increase of 10.9 percentage points from 2022 [3] - In 2024, the dividend amount represented 60.8% of the total dividends in the Shenzhen market, up 3.7 percentage points from 2022, indicating a steady growth in dividend amounts and proportions [3] - A total of 378 companies maintained continuous dividends over the past three years, enhancing dividend stability and predictability, while 203 share repurchase plans were disclosed, including a nearly 1 billion yuan repurchase by Kailaiying [3]

证券研究报告 | 策略专题研究 | 中国策略 行业轮动如何做到既敏锐又不丢主线？ ——2025 年行业打分表结论回顾与策略反思 核心观点 2024 年 11 月，团队外发 2025 年年度策略报告《坐看云起，胜在今朝》，其中行业打 分表综合得分排名前 5 的为电新、军工、有色、机械、化工（通信、电子名列第 6 和 7），与实际年度涨跌幅正相关性较高。若以前五名行业指数构建等权模拟组合，截至 2025 年 12 月 23 日累计收益率为 44.8%，相对于沪深 300 超额为 22.2%，12 个日历 月中，有 11 个月获得正超额，月胜率超 90%，总体表现较优。若直接以每月发布的 《板块轮动月报》行业打分表前五名等权构建模拟组合，2025 年以来样本外收益率 34.7%，相对沪深 300 超额 14.8%。我们认为，牛市的趋势性行情中对行业基本面比 较的关注度应高于对交易面比较，发现景气逻辑主线买入并持有的策略优于轮动交易。 2026 年，我们认为值得持续给以较高基本面附加分的行业集中在顺周期和科技两方 面，叙事上紧扣顶层政策设计中频繁出现的三个提法：科技自立、内需、反内卷。 ❑ 2025 年行业回顾 20 ...

Market Overview - The A-share market showed a mixed performance today, with the Shanghai Composite Index rising by 0.07% to close at 3919.98 points, and the Shenzhen Component Index increasing by 0.27% to 13368.99 points. The ChiNext Index rose by 0.41% to 3205.01 points, indicating a generally stable market with 1508 stocks rising and 3852 stocks falling [1][10]. Industry Performance - Among the primary industries, the leading sectors included Power Equipment, Building Materials, Electronics, Nonferrous Metals, and Banking, with respective gains of 1.12%, 0.88%, 0.58%, 0.42%, and 0.37%. Conversely, sectors such as Social Services, Beauty Care, Retail, Defense, and Computers experienced declines, with losses of 2.07%, 1.65%, 1.60%, 1.42%, and 1.05% respectively [1][10]. Concept Sector Performance - The top-performing concept sectors included Lithium Battery Electrolyte, Glass Fiber, Liquid Cooling Servers, Power Batteries, Copper Clad Laminates, Lithium Battery Anodes, Solid-State Batteries, Lithium Batteries, Fluorine Chemicals, Sodium-Ion Batteries, Lithium Mines, Lithium Battery Cathodes, and Lithium Iron Phosphate Batteries. These sectors showed significant upward movement, reflecting strong investor interest [2][12].

投资咨询业务资格：证监许可【2012】669号 沪金重回千元关口，白银再创历史新高 ——中信期货晨报20251223 中信期货研究所 仲鼎 从业资格号F03107932 投资咨询号Z0021450 重要提示：本报告非期货交易咨询业务项下服务，其中的观点和信息仅作参考之用，不构成对任何人的投资建议。 我司不会因为关注、收到或阅读本报告内容而视相关人员为客户；市场有风险，投资需谨慎。 | 金融市场涨跌幅 | | --- | | | | | THE MAN MET LAND THE THE | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | | 板块 | 品种 | 现代 | | | 日度涨跌幅 周皮涨跌幅 月度涨跌幅 季度涨跌幅 | | 今年涨跌幅 | | | 沪深300期货 | 4564.8 | 0.83% | 0.83% | 2.07% | -1.15% | 16.42% | | 股指 | 上证50期货 | 3018.4 | 0.40% | 0.40% | 2.01% | 0.98% | 12.71% | | | 中证500期货 | 7123. ...