炒股就看金麒麟分析师研报，权威，专业，及时，全面，助您挖掘潜力主题机会！ 来源：尧望后势 截至1月6日，上证指数、全A、沪深300、中证800等主要指数均创新高，但从个股维度来看，仍有95% 的个股未破前高。我们将个股的前高定义为2024/9/24至2025/12/31期间的最高收盘价，按照1月6日的最 新收盘价来看，当前仅有5%的个股突破前高，大部分个股距离前高的跌幅仍在10%以上。 上述现象背后，反映的是去年12月中旬以来市场涨幅结构相对集中的特征。去年12月中旬以来，指数整 体虽然实现"连阳"，但更多由少数板块上涨带动，近期保险等权重大涨也为指数新高做了不少贡献。从 当前已经突破新高的行业可以看到，主要集中在少数细分板块以及权重板块，包括保险为代表的大金融 权重，以及"涨价链"带动的部分有色、化工、石油石化、建材相关细分板块，和商业航天、机器人、出 海等带动的军工、机械、家电零部件等。 从已破前高的个股分布来看，主要集中在：有色（小金属、工业金属、能源金属等）、军工（航天航空 装备、军工电子）、非银（保险）、钢铁（冶钢原料、特钢）、石油石化（炼化及贸易）、化工（农化 制品、化学纤维）、AI算力（通信设备 ...

离岸人民币兑美元升破6.97，最高升至6.9678，创2023年5月以来新高。 | VV | | 美元兑离岸人民币 | | | | --- | --- | --- | --- | --- | | | USDCNH.FX | | | | | 6.97381 | 前收 6.98000 开盘 | | | | | -0.00619 | 菜品 6.97392 -0.09% 买入 | | | | | 最高 | 6.98173 今年来 -0.02% 20 日 | | | | | 最低 | 6.96870 10 日 -0.85% 60 日 | | | | | से स्थि | 五日 日K 月K | | | 白菜 | | 叠加 6.99130 | | | 均价: -- | | | | | | | 20:19 6.9 | | 6.98000 | | | 0.00% | 20.10 40 | | | | | | 20:19 6.9 | | | | | | 20:19 6.9 | | | | | | 20:19 6.9 | | | | | | 20:19 6.9 | | 6.96870 | | | -0.16% 20:19 6.9 ...

据交易所数据显示，截至12月19日午后一小时，大盘主力资金净流入25.79亿元。主力资金流入前十大板块分别为： 汽车零部件（33.44亿元）、 通用设备 （18.62亿元）、商业百货（17.18亿元）、 能源金属（11.94亿元）、 通信设备（10.57亿元）、 专用设备（7.08亿元）、 消费电子（5.90亿元）、旅游酒店 （5.29亿元）、农牧饲渔（5.03亿元）、 保险（4.78亿元）。 | 収共名称 | | 仅块负湿流回 | 唐流人取入 | | --- | --- | --- | --- | | 汽车零部件 | 2.17 | 33.44亿元 | 山子高科 | | 通用设备 | 1.55 | 18.62亿元 | 雪人集团 | | 商业目货 | 3.23 | 17.18亿元 | 永辉超市 | | 能渡金属 | 1.91 | 11.94亿元 | 华友钻业 | | 通信设备 | 0.98 | 10.57亿元 | 航天发展 | | 专用设备 | 1.33 | 7.08亿元 | 航天动力 | | 消费电子 | 0.81 | 5.90亿元 | 科森科技 | | --- | --- | --- | --- | | 旅 ...

| 上证指数 | 深证成指 | 北证5C | | --- | --- | --- | | 3917.36 | 13332.73 | 1449.2 | | +26.92 +0.69% +192.52 +1.47% +3.45 +0 | | | | 科创20 | 创业板指 | 万得全/ | | 1335.25 | 3191.98 | 6319.0 | | +26.66 +2.04% +69.75 +2.23% +61.49 +0 | | | | 沪深300 | 中证500 | 中证A5( | | 4611.62 | 7255.66 | 5580.2 | | +43.45 +0.95% +86.11 +1.20% +64.11 +1 | | | | 中证1000 | 中证2000 | 中证红和 | | 7408.35 | 3137.92 | 5458.2 | | +78.54 +1.07% +26.76 +0.86% -25.12 -0 | | | A股主要指数今日高开高走，截至收盘，沪指涨0.69%报3917点，深证成指涨1.47%，创业板指涨2.23%，科创50指数涨2.04%。全市场成交额1.88万亿元，较 ...

Market Performance - The Shanghai and Shenzhen stock markets opened higher on October 15, with all major indices showing significant gains by the close of trading [1] - The Shanghai Composite Index closed at 3912.21 points, up 1.22%, with a trading volume of approximately 961.6 billion [1] - The Shenzhen Component Index closed at 13118.75 points, up 1.73%, with a trading volume of about 1111.3 billion [1] - The ChiNext Index closed at 3025.87 points, up 2.36%, with a trading volume of around 491.8 billion [1] Sector Performance - Engineering machinery and pharmaceutical stocks led the gains, with significant increases in daily chemical, PEEK materials, communication equipment, components, high-speed charging, and electrical equipment sectors [1] - The rise in pharmaceutical stocks positively impacted sub-sectors such as immunotherapy, innovative drugs, generic drugs, chemical pharmaceuticals, NMN concepts, and CRO concepts [1] - Conversely, sectors such as seed industry, military trade concepts, and port shipping experienced notable declines [1] Institutional Insights - According to Jifeng Investment Advisory, the A-share market is entering a strong phase due to a series of counter-cyclical adjustment policies, with a focus on sectors like semiconductors, consumer electronics, artificial intelligence, robotics, and low-altitude economy for mid-term investment opportunities [2] - Yin Hua Fund noted that while the recent escalation in China-US trade tensions may cause short-term disturbances in the A-share market, the long-term outlook remains optimistic, with a low probability of actual threats materializing [2] Corporate Engagement - On October 15, China's Minister of Industry and Information Technology, Li Lecheng, met with Apple CEO Tim Cook to discuss Apple's business development in China and enhance cooperation in the electronic information sector [3] - Li emphasized China's vast market potential and commitment to high-level opening-up, encouraging Apple to deepen its investment and collaboration within China's industrial chain [3] - Cook expressed gratitude for the support from the Chinese government and reaffirmed Apple's commitment to increasing investment and cooperation in China [3] Policy Developments - The Shanghai Municipal Development and Reform Commission released the construction plan for the second batch of Shanghai Free Trade Zone Innovation Zones, designating eight key areas and five national economic and technological development zones for innovation [4]

Core Insights - Guangdong Pingbo Zhichuang Technology Co., Ltd. has been established with a registered capital of 10 million RMB [1] Company Overview - The company is engaged in a wide range of activities including research and development of machinery, manufacturing of computer hardware and software, communication equipment, network devices, smart vehicle equipment, industrial robots, and intelligent unmanned aerial vehicles [1] - The operational scope also includes manufacturing of IoT devices, hardware products, molds, plastic products, and sales of office equipment and electronic products [1] - The company offers various services such as cloud computing equipment sales, leasing services for office and communication equipment, and technical consulting services related to artificial intelligence and industrial internet data [1]

Core Insights - The A-share market is currently experiencing a "slow bull" trend, supported by new policies and investment strategies, with expectations of a gradual upward movement in September 2025 [7][28]. - Recent macroeconomic data indicates a decline in fixed asset investment and retail sales, which may lead to increased market expectations for favorable policy interventions [6][25]. Market Performance - During the week of September 15-19, 2025, A-share indices showed mixed results, with the Shanghai Composite Index down 1.30% and the ChiNext Index up 2.34%, indicating volatility in the market [3][9]. - The largest weekly fluctuation was observed in the Sci-Tech Innovation Board Index, which had a volatility of 5.95% [9]. Sector Analysis - Among the 31 first-level industries, coal and electric equipment sectors performed well, with weekly gains of 3.51% and 3.07% respectively, while banking and non-ferrous metals sectors saw declines of -4.21% and -4.02% [4][19]. - In the second-level industry analysis, home appliance components and engineering machinery led with weekly gains of 11.35% and 6.10%, while small metals and marine equipment sectors faced significant declines of -7.66% and -6.99% [5][22]. Macroeconomic Data - Fixed asset investment growth continued to decline, with an August year-on-year growth rate of 0.50%, driven by decreases in infrastructure, manufacturing, and real estate investments [6][25]. - Retail sales growth also weakened, with August's year-on-year growth at 3.40%, leading to a cumulative growth rate of 4.60%, the lowest level in 2025 [26][28]. Investment Recommendations - The report suggests focusing on sectors related to anti-involution, technology (especially AI), and environmental protection, as these areas are expected to benefit from ongoing policy support and market trends [7][28].

Market Overview - The A-share market experienced a collective decline, with the Shanghai Composite Index closing at 3765.88 points, down 1.25%, and a total trading volume of 1,107.89 billion yuan [1] - The Shenzhen Component Index closed at 12118.70 points, down 2.83%, with a trading volume of 1,436.37 billion yuan [1] - The ChiNext Index closed at 2776.25 points, down 4.25%, with a trading volume of 711.73 billion yuan [1] Sector Performance Top Performing Sectors - Retail sector increased by 2.89%, with a total trading volume of 613.90 million hands and a transaction value of 35.75 billion yuan [2] - Beauty care sector rose by 2.52%, with a trading volume of 31.62 million hands and a transaction value of 7.39 billion yuan [2] - Beverage manufacturing sector saw a 2.42% increase, with a trading volume of 86.15 million hands and a transaction value of 13.13 billion yuan [2] Underperforming Sectors - Semiconductor sector declined by 5.38%, with a trading volume of 314.41 million hands and a transaction value of 189.93 billion yuan [2] - Communication equipment sector fell by 4.09%, with a trading volume of 297.68 million hands and a transaction value of 165.80 billion yuan [2] - Components sector decreased by 3.91%, with a trading volume of 197.68 million hands and a transaction value of 71.03 billion yuan [2]

Market Overview - The A-share market experienced a downward trend in early trading, with the Shanghai Composite Index closing at 3738.32 points, down 1.97% [1] - The Shenzhen Component Index closed at 12176.90 points, down 2.37% [1] - The ChiNext Index closed at 2806.63 points, down 3.20% [1] Sector Performance Top Performing Sectors - The tourism and hotel sector increased by 3.21%, with a total trading volume of 1,081.43 million hands and a net inflow of 119 million [2] - The battery sector rose by 2.27%, with a trading volume of 3,309.89 million hands and a net inflow of -0.90 million [2] - The retail sector saw a 2.23% increase, with a trading volume of 3,592.13 million hands and a net inflow of 8.85 million [2] Underperforming Sectors - The semiconductor sector declined by 4.23%, with a trading volume of 1,970.37 million hands and a net outflow of 126.46 million [2] - The precious metals sector fell by 3.37%, with a trading volume of 626.46 million hands and a net outflow of 6.02 million [2] - The communication equipment sector decreased by 2.91%, with a trading volume of 1,885.62 million hands and a net outflow of 60.37 million [2]

Group 1 - The number of A-shares priced over 100 yuan has nearly doubled from 69 at the beginning of the year to 134 as of August 18, indicating a strong expansion in this segment [1] - The total market value of A-shares has surpassed 100 trillion yuan for the first time, reflecting overall market growth [1] - Among the high-priced stocks, Han's Laser (688256.SH) has seen a year-to-date increase of over 40%, reaching a peak of 1,000 yuan per share before closing at 933 yuan, positioning it as a strong candidate for the "thousand yuan stock club" [1] Group 2 - A significant portion of the high-priced stocks are currently at historical high valuations, with 81 stocks having total market values above the 90th percentile of their historical values [1] - Only 11 stocks are below the 50th percentile of their historical market values, indicating a concentration of high valuations among the majority [1] - Notably, 45 stocks, including Tonghuashun and Zhongji Xuchuang (300308.SZ), are at or near their historical maximum market values, with total market values above the 99th percentile [1]