今天上午，A股调整，从盘面看，三大板块下跌，对市场影响较大。 首先，受大宗商品市场巨震的传导，有色金属、油气开采、化工、大豆、玉米等板块上午大跌，紫金矿业、洛阳钼业、"三桶油"等龙头股下跌。 其次，受相关业务的增值税税率调整，三大运营商上午集体下跌。 最后，科技股上午调整，存储芯片板块大跌。有机构调研显示，上周DRAM现货价数月来首跌。对此，业内人士表示，存储整体景气度仍在上行，DRAM 价格数月来首次下跌，主要归因于现货价格与期货价格巨大的价差。目前高价现货市场基本处于有价无市，市场的合约价格仍处于持续上涨趋势中。也有 分析称，可能是市场上的囤货，临近春节，出现部分抛售。 市场仍有明显的做多抓手，以电网设备板块为代表的电力基建产业链、以白酒板块为代表的大消费、AI应用等板块表现活跃。白酒板块中，"茅五泸"齐 涨。 截至上午收盘，上证指数下跌1.32%，深证成指下跌1.41%，创业板指下跌1.18%。 | 进儿三次纪 @ 300265 | 15.00 | 14.94% | 7016 | | --- | --- | --- | --- | | 新特电气 | 21.48 | 14.07% | 47.0亿 | | ...

今天早盘，三大电信运营商集体走弱，跌幅均超4%。消息面上，中国移动、中国联通、中国电信2月1 日同步发布公告，自2026年1月1日起，手机流量、短信等业务适用的税目由增值电信服务调整为基础电 信服务，税率由6%升至9%。这一调整将对公司收入及利润产生一定影响。据悉，此次调整本质是税 目"归位"，而非新增税负，税目"归位"将进一步明确基础通信服务的公共属性，有助于推动运营商更加 聚焦网络建设、服务保障等核心主业。中国电信、中国联通在公告中表示，将聚焦于"连接"、"算 力"、"服务"、"安全"等核心领域。中国移动则表示，将致力于做强做优通信服务、算力服务与智能服 务。税率调整本身不直接涉及消费者资费的变化。 ...

Core Viewpoint - The article discusses a significant decline in various sectors of the A-share market, particularly in precious metals and energy, driven by external market pressures and changes in liquidity conditions [1][2][3]. Group 1: Market Reactions - The precious metals sector in A-shares experienced a sharp decline, with multiple stocks hitting the daily limit down, including companies like Xiaocheng Technology and Zhaojin Gold [1]. - The oil and gas sector also faced severe losses, with companies such as Tongyuan Petroleum and Zhongman Petroleum hitting the daily limit down due to a drop in natural gas prices influenced by warmer weather forecasts [2]. - Commodity futures markets saw widespread declines, with major contracts like silver and gold futures hitting limit down, reflecting a broader market sell-off [2]. Group 2: External Influences - The U.S. leveraged loan index has fallen to its lowest point since April 2025, indicating potential liquidity issues in the market, which is further corroborated by a significant drop in the cryptocurrency market [3]. - The adjustment of margin levels and price limits for silver contracts by the Shanghai Gold Exchange suggests increased volatility and risk in the precious metals market [1]. Group 3: Liquidity Concerns - A report from Tianfeng Securities highlights that the U.S. dollar liquidity index has dropped to -60%, indicating extreme tightening that could impact global assets [5]. - The potential appointment of Kevin Warsh as the new Federal Reserve Chair has raised concerns about a hawkish monetary policy, which could lead to further tightening and affect market expectations for interest rates [6].

Market Overview - The A-share market opened with mixed results on February 2, with the Shanghai Composite Index down 0.93%, Shenzhen Component Index down 0.54%, and the ChiNext Index up 0.65 [1] - The market showed slight fluctuations in the morning, with the declines in the Shanghai and Shenzhen indices narrowing while the ChiNext Index continued to rise [1] Nonferrous Metals Sector - The nonferrous metals sector experienced a significant drop, with the index falling nearly 7% and over 30 stocks hitting the daily limit down during the opening [2][3] - Major stocks such as Xiaocheng Technology (300139) and Jiangxi Copper (600362) also faced limit down situations [3] Precious Metals Futures - Domestic precious metals and nonferrous metal futures saw a sharp decline, with silver futures down 17% and gold futures down over 14% [5][6] - Spot gold and silver initially rebounded but then continued to decline, with gold dropping over 6% and silver nearly 8% [7] Oil and Petrochemical Sector - The oil and petrochemical sector also faced declines, with major stocks like Zhongman Petroleum (603619) and PetroChina (600759) hitting limit down [8][9] - The drop in international oil prices was influenced by geopolitical tensions in Iran, with recent statements from U.S. President Trump indicating a desire for negotiations [8] Telecommunications Sector - The three major telecom operators, China Mobile (600941), China Telecom (601728), and China Unicom, all saw declines of over 4% [10] - A recent announcement from the Ministry of Finance and the State Taxation Administration indicated an increase in VAT rates for telecom services starting January 1, 2026, which may impact revenue and profits [11] Liquor Sector - The liquor sector saw a rebound, with stocks like Shui Jing Fang (600779) and Huangtai Liquor (000995) hitting the daily limit up [12][13] - The liquor industry has been in a correction phase for about five years, with current valuations and institutional positions at historical lows, suggesting potential for recovery [14]

三大运营商早盘低开，截至发稿，中国联通（600050）(00762)跌7.04%，报7.39港元；中国电信 （601728）(00728)跌6.32%，报5.04港元；中国移动（600941）(00941)跌2.26%，报78港元。 中国移动、中国联通、中国电信2月1日相继发布公告，电信服务增值税税目适用范围调整，税率由6% 调整为9%，将对公司收入及利润产生影响。业内人士分析，此次调整本质是税目"归位"，而非新增税 负，是税收政策对电信业务属性的合理界定。税目"归位"进一步明确了基础通信服务的公共属性，将推 动运营商更加聚焦网络建设、服务保障等核心主业，减少同质化营销竞争，提升行业整体运营效率，助 力数字经济基础设施高质量发展。 消息面上，财政部、国家税务总局近日发布了《关于增值税征税具体范围有关事项的公告》，规定自 2026年1月1日起，利用固网、移动网、卫星、互联网，提供手机流量服务、短信和彩信服务、互联网宽 带接入服务的业务活动适用的税目由增值电信服务调整为基础电信服务，对应增值税税率由6%调整为 9%。 ...

2月2日，截至当天9时55分，早盘开盘后三大电信运营商股价集体下跌，中国移动、中国联通、中国电信股价跌幅均超过4%。 添加自选 ♀ 预计于2026-03-20披露2025年度报告 所属行业 ∨ 通信服务 -0.45% > 上海交易所 SH 600050 evel1基础行情 元 -0.22 -4.31% 交易中 02-02 09:55:00 北京时间 | 今开 | 4.99 | 最高 | | 5.00 | 成交量 | 262.82万手 | | 总市值 ▼ | 1529亿 | 量比 | | 7.28 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 昨收 | 5.11 | 最低 | | 4.85 | 成交额 | 12.93亿 | | 总股本 | 312.64亿 | 動 | | 50.93% | | 换手率 | 0.85% | 振幅 | | 2.94% | 流通值 | 1505亿 | | 市盈(TTM) | 16.16 | 市盈(静) | | 16.93 | | | | | | | | > | | ...

Group 1: Market Overview - The gold and non-ferrous metal sectors experienced significant declines, with multiple stocks hitting the daily limit down, including Hunan Gold, Xiaocheng Technology, and Western Gold [1][2] - International gold and silver prices saw substantial drops on January 30, marking some of the largest single-day declines in decades due to profit-taking and short-term futures traders closing long positions [1] Group 2: Stock Performance - Xiaocheng Technology's stock fell by 20.00% to 54.00, while Hunan Gold and Western Gold both dropped by 10.00% to 33.30 and 40.25 respectively [2] - The Shanghai Composite Index decreased by 0.93% to 4079.71, while the Shenzhen Component Index fell by 0.54% to 14128.87, contrasting with a 0.65% increase in the ChiNext Index [3][4] Group 3: Sector Analysis - The market saw a wave of limit-downs in the gold and base metal sectors, with oil, gas, chemicals, agriculture, coal, and steel industries also experiencing notable declines [4] - Conversely, sectors such as photovoltaic and ultra-high voltage themes showed resilience and strength amid the broader market downturn [4] Group 4: Additional Market Movements - The Hong Kong stock market opened lower, with the Hang Seng Index down 1.06% and the Hang Seng Tech Index down 1.29%, influenced by significant drops in major telecom operators [8][9] - The People's Bank of China conducted a 750 billion yuan reverse repurchase operation at an interest rate of 1.40%, with 1505 billion yuan of reverse repos maturing on the same day [7]

Hot Topics - Jia Mei Packaging's stock trading suspension review has concluded, and the stock will resume trading tomorrow [1] - Fenglong Co., Ltd.'s stock trading suspension review has concluded, and the stock will resume trading tomorrow [2] - Hongbaoli does not produce epoxy propylene products, and its subsidiary's related project has entered the preliminary preparation stage for trial production [2] - Hunan Gold's future market price for gold products has uncertainty regarding whether it can continue to rise or maintain high levels [2] - Tongding Interconnection's current operating conditions are normal, with no significant changes in the internal and external operating environment [3] - Tiandi Online's recent operating conditions and internal and external operating environment show no significant changes [4] - Dayue City reports no significant changes in its recent operating conditions and internal and external environment [5] - Huangtai Liquor Industry is not involved in hot concept matters, and its current operating conditions are normal [6] Performance - Leshan Electric Power reported a net profit of 23.4023 million yuan for 2025, an increase of 3.68% year-on-year [7] - Great Wall Motors sold 90,300 vehicles in January, a year-on-year increase of 11.59% [8] - Seres sold 45,900 vehicles in January, a year-on-year increase of 104.85% [9] - GAC Group sold 116,600 vehicles in January, a year-on-year increase of 18.47% [10] - BAIC Blue Valley's subsidiary sold 8,073 vehicles in January, a year-on-year increase of 11.83% [11] Shareholding Changes - Chipone Technology's shareholders plan to reduce their holdings by no more than 1.95% of the company's shares [30] Share Buybacks - Chuzhou Dongfeng's controlling shareholder proposed to repurchase shares worth 50 million to 100 million yuan [31] - GoerTek has increased the total amount for share repurchase from no less than 500 million yuan (inclusive) and no more than 1 billion yuan (inclusive) to no less than 1 billion yuan (inclusive) and no more than 1.5 billion yuan (inclusive) [31] Contract Awards - Jerry Holdings' wholly-owned subsidiary signed a sales contract for gas turbine generator sets worth approximately 1.265 billion yuan with a U.S. client [32] - Fulongma is expected to win four sanitation service projects in January, with a total first-year service fee of 83.5364 million yuan [34] Equity Changes - Yanzhou Coal Mining is transferring 100% equity of Xintai Coal [33] Mergers and Acquisitions - BGI Genomics plans to acquire 100% equity of Sanjian Qifa and 100% equity of BGI Xufeng to integrate two cutting-edge technology platforms in spatial omics and nanopore sequencing [34] Refinancing - Sanjia Technology (rights protection) plans to issue shares to its controlling shareholder to raise no more than 300 million yuan for working capital and repaying bank loans [35] Other - Fushikong's actual controller, chairman, and general manager Chen Yongliang has been placed under detention [36] - China Mobile's VAT tax category adjustment will change the applicable VAT rate from 6% to 9% [37] - China Telecom's VAT tax category adjustment will impact the company's revenue and profits [38] - China Unicom's VAT tax category adjustment will change the applicable VAT rate from 6% to 9% [39] - Nanwang Energy's price policy adjustment for pumped storage and new energy storage will increase uncertainty in revenue and profits from pumped storage power stations [39] - Wanbangde has completed the enrollment of 100 subjects for the clinical trials of Shishan Jianjia controlled-release tablets phases II and III [39] - Penghui Energy has submitted an application for issuing H-shares and listing on the Hong Kong Stock Exchange [40] - Haichuang Pharmaceutical has passed the GMP compliance inspection for drugs [41]

转自：扬子晚报 扬子晚报网2月2日讯（记者 范晓林）今天是周一，上周五湖南黄金5连板，百川股份3连板，天地在线 10天6板，红宝丽9天4板。A股三大指数涨跌不一，个股跌多涨少，超2800股收跌。沪深两市成交额2.84 万亿元，较上日缩量3945亿元。板块方面，农业、造纸、算力硬件、旅游酒店板块领涨；连板高度降至 5连板的湖南黄金，且3板及以上连板股家数降至仅有2只。随着黄金、白银等金属期货高位大幅回调， 抱团资金主导的算力硬件股也重拾升势，成为创业板指展开深V反转主因。随着年报强制预告期结束， 可适当关注一些此前错杀的题材小票的修复机会。 A..利好精选 锋龙股份：优必选承诺36个月内不注入资产 停牌核查结束股票复牌 锋龙股份(002931.SZ)公告称，近日收到优必选关于本次交易的进一步承诺，承诺在收购完成后36个月 内，不存在向上市公司注入其持有资产的计划。本次交易尚需履行多项程序，存在不确定性。停牌期 间，公司就股票交易波动情况进行了核查。目前，相关核查工作已完成，公司股票自2月2日起复牌。公 司不涉及人形机器人业务，主营业务仍为园林机械零部件、汽车零部件和液压零部件的研发、生产和销 售，未发生重大变化 ...

Group 1: Spring Festival Travel and Tax Policies - The 2026 Spring Festival travel season will begin on February 2 and end on March 13, lasting 40 days, with an expected cross-regional population flow of 9.5 billion people, setting a historical record [1][8] - The State Taxation Administration has announced a new export tax rebate management method to make the export tax rebate application process more convenient and efficient [1][8] - The personal tax threshold for value-added tax has been raised to 1,000 yuan, with specific conditions outlined for certain transactions that will not apply to this threshold [1][8] Group 2: Shipbuilding Industry Performance - In 2025, China's shipbuilding industry maintained its global leadership for 16 consecutive years, with a completed shipbuilding volume of 53.69 million deadweight tons, a year-on-year increase of 11.4%, accounting for 56.1% of the world total [9] - The new orders received amounted to 107.82 million deadweight tons, representing 69.0% of the global total, while the hand-held order volume reached 274.42 million deadweight tons, a year-on-year increase of 31.5%, accounting for 66.8% of the world total [9] Group 3: Telecommunications and Film Industry Updates - China Mobile, China Unicom, and China Telecom announced adjustments to the applicable scope of value-added tax for telecommunications services, with the tax rate changing from 6% to 9% starting January 1, 2026 [9][11] - As of February 1, 2026, the annual box office has exceeded 2 billion yuan, with several domestic films scheduled for release during the Spring Festival [9]