Market Overview - The A-share market experienced a volatile decline, with the Shanghai Composite Index turning negative and the ChiNext Index dropping over 2% during the session [1] - The total trading volume in the Shanghai and Shenzhen markets reached 1.62 trillion yuan, an increase of 116 billion yuan compared to the previous trading day [1] Sector Performance - The space photovoltaic concept saw a significant surge, with Zhonglai Co. hitting the daily limit up of 20% and Guosheng Technology achieving two consecutive limit-ups [3] - The coal sector rebounded collectively, with Yanzhou Coal, China Coal Energy, and Shanxi Black Cat all reaching the daily limit up [3] - The airport and shipping sectors strengthened, with China Eastern Airlines and Huaxia Airlines also hitting the daily limit up [3] - The real estate sector was active, with Rong'an Real Estate and Caixin Development reaching the daily limit up [3] - The hydrogen energy concept experienced a rapid rise, with Beijing Capital and Zhiyuan New Energy hitting the daily limit up [3] Declining Sectors - The precious metals sector opened high but fell back, with Zhaojin Mining and Sichuan Gold experiencing significant declines [3] - The AI application sector saw a collective downturn, with Yili Media hitting the daily limit down [3] Closing Summary - By the end of the trading session, the Shenzhen Component Index fell by 0.92%, and the ChiNext Index dropped by 1.74% [3]

2月4日午间，A股半日下来共有53只涨停股、13只跌停股。煤炭概念活跃，兖矿能源、晋控煤业等涨 停；民航概念走强，华夏航空、中国东航涨停。 连板股方面，ST京蓝8天6板，杭电股份、名雕股份4连板，天通股份4天3板，ST京机、民爆光电等3连 板，中集集团、银轮股份等2连板，中船科技、宏盛华源等涨停。 *ST万方连续17日跌停，*ST精伦连续7日跌停，*ST春天连续5日跌停，*ST海华连续4日跌停，*ST国 华、*ST节能连续3日跌停，西上海、万丰股份等跌停。 ...

2月4日，煤炭股爆发，兖矿能源、中煤能源、陕西黑猫、美锦能源、晋控煤业、云煤能源涨停，潞安环能、山 西焦化、宝泰隆、山煤国际、新集能源、大有能源等大涨。煤炭ETF一度大涨超7%，并带领红利指数狂拉超 2%。那么，究竟发生了什么？ | ■ 煤炭(32) | | . | 张幅%。 | 现价 | 量比 | 涨速% | 总市值 | | --- | --- | --- | --- | --- | --- | --- | --- | | 1 | 究矿能源 | R | 10.01 | 15.27 | 5.09 | 0.00 | 1532.72亿 | | 2 | 中煤能源 | R | 10.00 | 14.08 | 3.26 | 0.00 | 1866.82亿 | | 3 | 陕西崇猫 | R | 10.00 | 4.62 | 1.84 | 0.00 | 94.36亿 | | 4 | 美锦能源 | R | 10.00 | 5.17 | 3.73 | 0.00 | 227.66亿 | | 5 | 昌控煤业 | R | 9.99 | 15.86 | 4.41 | 0.00 | 265.45亿 | | 6 | 云煤能源 | | 9 ...

Group 1 - The coal sector is experiencing a strong rally, with companies like Yanzhou Coal Mining and Jinneng Holding gaining significantly, indicating positive market sentiment [1][3] - The China Securities Index reported that the China Securities Red Chip ETF (515080) has seen a net inflow of approximately 1.93 billion yuan over the last two trading days, suggesting increased risk-averse sentiment among investors [1][3] - Analysts recommend focusing on coal-electricity integrated enterprises with stable cash flows and high dividend yields, as well as companies benefiting from a rebound in demand [3][6] Group 2 - The current dividend yield of the China Securities Red Chip Index is 4.98%, which is significantly higher than the 10-year government bond yield of 1.82%, highlighting the attractiveness of high-dividend assets [6] - The coal supply-demand dynamics are expected to improve due to government policies aimed at reducing production and the seasonal increase in heating demand [3][6] - The valuation levels of dividend assets in the A-share market are currently low, making them an attractive investment option compared to rental yields and government bond returns [4][6]

对于此番挂牌转让资产，兖矿能源表示，若本次交易最终达成，预计将对公司2026年归母净利润产生较 大影响。具体影响尚需根据最终成交结果、有关交易费用、相关经审计的财务数据确定。本次交易不涉 及员工安置，鑫泰煤炭全部债权债务均由受让方承接。 公开资料显示，兖矿能源是华东地区最大的煤炭生产商和中国最大的煤炭出口企业之一，在国内煤炭行 业中处于龙头地位。公司拥有自营铁路网和现代化煤炭水运码头，京沪、兖石、新兖等铁路，京沪、京 福等高速公路穿越矿区。得天独厚的区位和交通优势，使公司成为东北亚市场，中国华东、华南市场最 具竞争力的煤炭供应商之一。公司在中国境内的发展区域主要集中在山东、山西、陕西、内蒙古等地。 在境外的产业主要分布在澳大利亚的昆士兰州、新南威尔士州和西澳大利亚州;在加拿大萨斯喀彻温省 拥有钾矿资源项目。 经评估，以经审计的财务数据为基础，采用收益法评估净资产价值为6.24亿元，增值率607.66%，即鑫 泰煤炭股东全部权益价值为6.24亿元。 兖矿能源称，本次股权挂牌严格按照国有资产交易相关规定执行，通过山东产权交易中心公开挂牌。挂 牌起止日期为2025年12月30日至2026年1月27日。本次股权挂牌底 ...

Core Insights - The main focus of the news is the significant inflow of capital into specific stocks, indicating strong investor interest and potential growth in these companies and their respective industries [1][2][3] Group 1: Stock Performance and Capital Inflow - Kunlun Wanwei saw a capital inflow of 795 million yuan with a price increase of 5.82% [2] - Shunhao Co. experienced a capital inflow of 651 million yuan and a price increase of 9.98% [2] - Contemporary Amperex Technology (宁德时代) had a capital inflow of 561 million yuan with a price increase of 1.21% [2] - Kweichow Moutai (贵州茅台) attracted 551 million yuan in capital inflow and increased by 1.3% [2] - Yanzhou Coal Mining Company (兖矿能源) saw a capital inflow of 430 million yuan with a notable increase of 10.01% [2] - Other notable stocks include Shanzhi Gaoke, China Satellite, and China Shipbuilding, each with significant capital inflows and price increases [1][2][3] Group 2: Industry Insights - The internet services sector, represented by Kunlun Wanwei, is showing strong investor confidence [2] - The packaging materials industry, highlighted by Shunhao Co., is also attracting significant capital [2] - The battery industry, represented by Contemporary Amperex Technology, continues to draw investor interest despite a modest price increase [2] - The coal industry, with companies like Yanzhou Coal and Meijin Energy, is experiencing substantial capital inflows, indicating a potential resurgence [2][3] - The aerospace and wind energy sectors, represented by China Satellite and China Shipbuilding, are also gaining traction among investors [1][2][3]

2月4日早盘，煤炭板块集体走强，兖矿能源、晋控煤业双双涨停，潞安环能涨超 9%，陕西煤业、山煤国际、山西焦煤、平煤股份均跟涨。截至发稿，中证 红利ETF（515080）盘中上涨1.98%，实时成交额超1.8亿元、最新规模超82亿元。 资金面数据显示，中证红利ETF（515080）最近两个交易日连续获资金净流入约1.93 亿元，显示市场"攻势"放缓节奏下避险情绪或有所增强。 消息面上，据海外媒体报道，由于政府提出大幅减产计划，部分国家矿商已暂停现货煤炭出口；上月向主要矿商下达的产量配额比2025年水平降低40%至 70%，作为该国提振煤价计划的一部分。 资料显示，中证红利ETF（515080）跟踪A股标杆红利资产指数——中证红利指数，主要选取两市现金股息率高、分红连续性在三年及以上、同时具有一定 规模及流动性的100只股票为成份股，采用股息率加权，反映A股市场高红利股票的整体表现。 | 日期 | 市盈率2(计算 | 股息率2(计 算用股本) | | --- | --- | --- | | Date | 用股本) P/E2 | | | | | D/P2 | | 20260203 | 9.77 | 4.98 | | ...

消息面上，据报道，印尼矿业官员周二表示，由于印尼政府提出大幅减产计划，该国矿商已暂停现货煤 炭（核心股）出口。印尼上月向主要矿商下达的产量配额比2025年水平降低40%至70%，作为该国提振 煤价计划的一部分。这一举措将直接减少全球煤炭市场的现货供应规模，推动国际煤炭价格中枢上移， 也为国内煤炭市场价格提供了较强的外部支撑。 相关行业： 煤炭（核心股）采选：作为煤炭产业链最上游的环节，煤炭采选企业直接受益于煤价上行，业绩弹性将 得到充分释放。随着海外供给收缩带动煤价走高，国内具备优质煤炭产能的企业将凭借稳定的产量与价 格优势，实现盈利水平的显著提升，行业景气度持续上行。 煤炭（核心股）贸易：煤炭贸易企业依托渠道优势，能够在煤价上行周期中通过价差获取丰厚收益。在 全球煤炭供给格局重塑的背景下，拥有海外货源渠道与国内销售网络的贸易企业，将充分把握市场价格 波动机遇，拓展盈利空间。 煤炭（核心股）深加工：煤制烯烃、煤制油等深加工项目的盈利能力与煤炭价格密切相关，在煤价上行 且下游化工（核心股）品价格维持稳定的情况下，具备一体化产能布局的深加工企业能够通过产业链协 同消化成本压力，同时分享煤价上行带来的收益增量。 早 ...

Group 1 - The methanol concept sector is active, with companies such as Yanzhou Coal Mining, Shanxi Black Cat, and China Coal Energy reaching the daily limit up [1] - Yunnan Coal Energy and Shanxi Coking Coal are among the stocks with significant gains [1]

（文章来源：每日经济新闻） 每经AI快讯，2月4日，港股煤炭股走强，截至发稿，兖矿能源(01171.HK)涨5.51%、兖煤澳大利亚 (03668.HK)涨4.76%、中煤能源(01898.HK)涨4.01%、中国神华(01088.HK)涨2.61%。 ...