【重要事项】 纳指科技ETF：将于1月21日开市起至当日10:30停牌 国投白银LOF：二级市场交易价格波动较大，1月21日开市起至当日10:30停牌 凯龙高科：筹划购买金旺达控制权21日起停牌，后者主要产品包括精密行星滚柱丝杆等 【资本运作】 震裕科技：2025年第四季度来自机器人行业订单有较明显增长 百利天恒：iza-bren用于治疗复发性或转移性食管鳞癌的上市申请获受理并被纳入优先审评品种名单， 为全球首个EGFR×HER3双抗ADC上市申请获受理 上海医药：B023细胞注射液获得临床试验批准通知书 全球未有同品种同适应症的药品上市 奕帆传动：拟购买北京和利时87.07%股权，预计构成重大资产重组 康欣新材：拟3.92亿元收购宇邦半导体51%股权，实现向半导体产业的战略转型与升级 明德生物：拟共同投资设立私募基金，投向光互联、半导体等人工智能基础设施/终端产业链 中钨高新：柿竹园公司增储9.17万吨钨金属量等资源 恒瑞医药：HRS-2141片获准开展2型糖尿病适应症的临床试验 【业绩】 海康威视：2025年净利润141.88亿元，同比增长18% 建投能源：2025年净利同比预增253.38% 通富微电： ...

来源：中信建投证券 摘要：A股呈现延续震荡走势，资金重新从权重蓝筹向中小盘成长股迁移。板块上，资源、消费升级板 块强势，部分前期热门成长赛道回调，资金聚焦基本面支撑的结构性机会。财政部、发改委昨日出台多 项政策，覆盖消费、投资等领域，划定高端制造、科创长期主线。当前震荡是政策调控后的正常反应， 慢牛逻辑未变，短期板块轮动成常态，投资者应聚焦政策与业绩双优赛道。 昨日市场三大指数集体收跌，创业板指一度跌超2%。沪深两市成交额2.78万亿，较上一个交易日放量 694亿。盘面上，全市场超3100只个股下跌。从板块来看，化工板块逆势爆发，十余只成分股涨停。贵 金属概念延续强势。房地产板块表现活跃。AI应用端局部走高。下跌方面，算力硬件、商业航天等板 块跌幅居前。其中商业航天概念股集体大跌。截至收盘，沪指跌0.01%，深成指跌0.97%，创业板指 1.79%。 习近平：努力提高国民经济循环质量和效率，让内需成为经济发展的主动力。 省部级主要领导干部学习贯彻党的二十届四中全会精神专题研讨班20日上午开班。习近平指出，我国人 口多、市场大、产业全、发展动能强，有条件加快构建新发展格局。要坚持以国内大循环为主体，正确 处理消 ...

机构认为，"春季躁动"行情面临短期压力位考验。 【财经日历】 IEA公布月度原油市场报告 2026年中国会展经济国际合作论坛(武汉,1/21-1/23) 财报发布：奈飞、强生 ►►在国新办1月20日举行的新闻发布会上，财政部相关负责人表示，2026年，我国将继续实施更加积极的财政政策，扩大财政支出盘子，确保总体支出力 度"只增不减"、重点领域保障"只强不弱"。 为更大力度激发民间投资，促进居民消费，财政部等多部门推出财政金融协同促内需一揽子政策。其中，首次设立民间投资专项担保计划，通过国家融资担 保基金专设担保计划5000亿元，分两年实施，引导银行新增投放5000亿元中小微企业民间投资贷款。首次实施中小微企业贷款贴息政策，从今年1月1日起， 向中小微民营企业发放的符合条件的固定资产贷款，每年贴息1.5个百分点，最长贴息2年，单户贷款额度上限5000万元，单户最多可享受贴息150万元，覆 盖新能源汽车、工业母机等14个"重点产业链及上下游产业"、生产性服务业领域，以及农林牧渔相关领域。此外，还优化实施了服务业经营主体贷款贴息、 个人消费贷款财政贴息、设备更新贷款财政贴息等政策。 ►►财政部等六部门发布公告，为社 ...

Core Viewpoint - The company, Shaanxi Huaqin Technology Industrial Co., Ltd., has signed a series of nine daily operational sales contracts totaling 328,302,209.05 yuan (including tax), which is expected to positively impact its business performance [2][11]. Group 1: Contract Details - The total amount of the contracts is 328,302,209.05 yuan (including tax) [2][6]. - The contracts are for special functional materials used in aircraft engines [4][6]. - The contracts will become effective upon signing and stamping by both parties [3][9]. - The delivery of products will be according to the customer's specified timeline, with the contracts valid until December 31, 2026 [3][11]. Group 2: Impact on Company Performance - The signing of these contracts is a reflection of the company's strategic planning, focusing on becoming a key supplier of materials in the aircraft engine sector [11]. - The company is one of the few domestic high-tech enterprises capable of comprehensive design, research, and production of special functional materials across various temperature ranges and frequencies [11]. - The successful execution of these contracts is anticipated to have a positive effect on the company's operational performance [4][11]. Group 3: Risk and Compliance - All parties involved have a good履约能力 (performance capability), but unforeseen circumstances may affect contract execution [4][13]. - The company has followed internal approval procedures for signing the contracts and has complied with relevant disclosure regulations [5][8].

Core Viewpoint - Huayin Technology (688281.SH) has signed nine daily operational sales contracts with a client, totaling 328 million yuan (including tax) [1] Group 1: Contract Details - The total amount of the contracts is 328 million yuan (approximately 46.5 million USD) [1] - The contracts are valid from the date of signing until December 31, 2026 [1] - The products involved are special functional materials for aircraft engines [1]

Core Viewpoint - Huajin Technology (688281.SH) has signed nine daily operational sales contracts with a total amount of 328 million yuan (including tax), which is expected to positively impact the company's operating performance [2] Group 1: Contract Details - The total contract amount is 328 million yuan, specifically for special functional materials used in aircraft engines [2] - The number of contracts is based on estimated quantities, with actual quantities to be determined upon execution [2] Group 2: Impact on Company Performance - Successful execution of these contracts is anticipated to have a positive effect on the company's operating results [2] - The fulfillment of the contracts may be affected by force majeure or other factors during the execution period [2]

Group 1 - The core point of the article is that Huajin Technology (688281) has signed nine daily operational sales contracts with a client, totaling 328 million yuan (including tax) for special functional materials used in aircraft engines [1] Group 2 - The total contract amount of 328 million yuan is significant for the company's revenue stream and indicates strong demand for its specialized products in the aerospace sector [1] - The contracts are specifically for materials used in aviation engines, highlighting the company's focus on high-tech applications within the aerospace industry [1] - This development may enhance the company's market position and contribute positively to its financial performance in the upcoming quarters [1]