Group 1: Industry Insights - Premier Li Qiang emphasized the need for rational development of rare earth resources and the expansion of rare earth technology applications in new energy and new materials [1] - The central bank plans to continue implementing a moderately loose monetary policy, utilizing tools like reserve requirement ratio cuts and interest rate reductions to maintain ample liquidity and relatively loose social financing conditions [3] - The AI threat to traditional business models is spreading to wealth management stocks, with significant market reactions observed, such as Charles Schwab's stock dropping over 9% due to concerns about AI tools targeting core business areas [4] Group 2: Company Updates - MSCI announced its quarterly index adjustments, including the addition of 37 stocks such as Liou Co., Silver Nonferrous, and Anji Technology to the MSCI China Index, while removing 16 stocks including Great Wall Motors [2] - China Railway Construction recently won major projects totaling 451.42 billion yuan [14] - Tian Shun Wind Power signed or won new offshore orders amounting to approximately 870 million yuan [14]

Group 1 - The core point of the article is that the company, Baiyin Nonferrous (601212), announced that it has no overdue guarantees [1] Group 2 - The announcement was made on February 10 [1] - The statement indicates a positive financial position regarding guarantees [1]

证券代码：601212 证券简称：白银有色 公告编号：2026-临 019 号 白银有色集团股份有限公司 关于对外担保进展的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 本次担保对象及基本情况 | | 被担保人名称 本次担保金额 | 甘肃德福新材料有限公司 4,560.00 万元 | | --- | --- | --- | | 担保对象 | 实际为其提供的担保余额 | 72,042.45 万元 | | | 是否在前期预计额度内 | ☑是□否□不适用：_________ | | | 本次担保是否有反担保 | ☑是□否□不适用：_________ | 累计担保情况 | 对外担保逾期的累计金额（万元） | 无 | | | --- | --- | --- | | 截至 2026 年 1 月 31 日上市公司 | | | | 及其控股子公司对外担保总额 | 192,402.05 | | | （万元） | | | | 对外担保总额占上市公司最近一 期经审计归母净资产的比例（%） | 12.38 | | | 特别风险 ...

Group 1 - The A-share market saw a collective decline in gold concept stocks, with notable drops including Caibai Co., Ltd. hitting the daily limit down, and Baoding Technology falling over 7% [1] - Other companies such as Silver Industry and Sichuan Gold also experienced significant declines, with drops exceeding 4% and 3% respectively [1] Group 2 - Specific stock performance data shows Caibai Co., Ltd. down by 9.99% with a total market value of 19.1 billion, while Baoding Technology decreased by 7.55% with a market cap of 7.511 billion [2] - Sichuan Gold and Xiaocheng Technology reported declines of 3.74% and 3.59% respectively, with market values of 19.7 billion and 16.2 billion [2] - The year-to-date performance indicates that despite recent declines, some companies like Xiaocheng Technology have seen a significant increase of 94.33% since the beginning of the year [2]

Group 1 - The A-share market saw a collective decline in gold concept stocks on February 10, with notable drops including Caibai Co., which hit the daily limit down, and Baoding Technology, which fell over 7% [1] - Silver-related stocks also experienced significant declines, with several companies such as Sichuan Gold and Hunan Gold dropping more than 3% [1] Group 2 - Specific stock performance data shows that Caibai Co. decreased by 9.99% with a total market value of 19.1 billion, while Baoding Technology fell by 7.55% with a market value of 7.511 billion [2] - Other notable declines include ST down by 5.03%, and Dayin Nonferrous down by 4.53%, with respective market values of 2.759 billion and 73.3 billion [2] - Year-to-date performance indicates that while some stocks like Xiaocheng Technology have increased by 94.33%, the overall trend for gold and silver stocks is negative in the short term [2]

Group 1 - The A-share market sees an expansion in the gains of gold concept stocks, with Hunan Silver hitting the daily limit, and Silver Nonferrous rising over 7% [1] - Fuda Alloy, Zijin Mining, and Yuguang Gold Lead all increased by over 4% [1] - Pengxin Resources and Guiyan Platinum Industry rose by over 3% [1]

股票频道更多独家策划、专家专栏，免费查阅>> 责任编辑：栎树 | 代码 | 名称 | | 涨幅% ↓ | 总市值 | 年初至今涨幅%。 | | --- | --- | --- | --- | --- | --- | | 002716 | 湖南日银 | 1 | 9.97 | 399亿 | 104.05 | | 601212 | 白银有色 | 彩 | 7.19 | 762亿 | 75.90 | | 603045 | 福达合金 | 1 | 4.93 | 37.79 Z | 41.98 | | 601899 | 彩金矿业 | 1 | 4.17 | 10301亿 | 12.39 | | 600531 | 豫光金铝 | 豪 | 4.16 | 203亿 | 42.89 | | 600490 | 鹏欣资源 | | 3.60 | 197亿 | 15.39 | | 600459 | 贵研铂业 | 1 | 3.60 | 166亿 | 17.62 | | 600987 | 航民股份 | 1 | 3.26 | 87.38 Z | 24.24 | | 300139 | 晓程科技 | 1 | 2.90 | 172亿 | 106.52 | ...

2月9日，白银有色涨5.1%，截至发稿，报10.09元/股，成交12.62亿元，换手率1.74%，总市值747.14亿 元。 资料显示，白银有色集团股份有限公司位于甘肃省白银市白银区友好路96号，成立日期2007年7月6日， 上市日期2017年2月15日，公司主营业务涉及铜、铅、锌、金、银等多种有色金属的采选、冶炼、加工 及贸易。主营业务收入构成为：阴极铜47.65%，黄金18.67%，锌锭7.39%，铜杆6.90%，其他5.47%，电 银4.54%，铜精矿4.44%，其他(补充)2.39%，铅锌精矿1.52%，硫酸0.58%，电铅0.46%。 从白银有色十大流通股东角度 数据显示，永赢基金旗下1只基金位居白银有色十大流通股东。黄金股ETF（517520）三季度新进十大 流通股东，持有股数3408.31万股，占流通股的比例为0.46%。根据测算，今日浮盈赚取约1670.07万 元。 截至发稿，刘庭宇累计任职时间2年181天，现任基金资产总规模280.48亿元，任职期间最佳基金回报 186.44%， 任职期间最差基金回报1.32%。 声明：市场有风险，投资需谨慎。 本文基于第三方数据库自动发布，不代表新浪财经观 ...

Core Viewpoint - The precious metals market experienced a dramatic decline on February 5, 2026, with silver prices plummeting over 14% and gold dropping more than 3%, leading to significant losses in related stocks and a stark contrast between capital market panic and physical market demand [1][3][4]. Market Performance - On February 5, silver prices fell to a low of $75.83 per ounce, while the Shanghai Futures Exchange saw silver contracts drop nearly 15% to 19,340 yuan per kilogram. Gold prices fell below the critical psychological level of $4,800 [1][4]. - A significant number of stocks related to gold and silver, such as Hunan Gold and Sichuan Gold, hit their daily limit down, reflecting a widespread sell-off in the sector [1][4][5]. Market Dynamics - The decline was preceded by a strong performance in January, where gold prices reached nearly $5,600 per ounce and silver exceeded $120 per ounce, resulting in gains of over 25% for gold and 60% for silver in just a month [3][4]. - The sell-off on February 5 was characterized by a lack of liquidity and a surge in stop-loss orders, creating a downward spiral in prices [4][6]. Regulatory Changes - Prior to the crash, exchanges raised margin requirements for silver contracts, which forced leveraged traders to either add funds or face forced liquidation, exacerbating the price decline [6][12]. - Major banks issued risk warnings to clients regarding the heightened volatility in the precious metals market, advising caution and stricter trading rules [12]. Institutional Behavior - Large investment institutions began to adjust their portfolios, with noticeable outflows from major gold ETFs during the price drop, indicating a shift in institutional sentiment [7][12]. - Analysts noted that the market's reaction was influenced by macroeconomic factors, including potential changes in U.S. Federal Reserve leadership and interest rate expectations, which could strengthen the dollar and negatively impact gold and silver prices [6][12]. Physical Market Response - Despite the turmoil in the capital markets, physical gold and silver demand surged in places like Shenzhen, where customers flocked to purchase gold bars, viewing the price drop as an opportunity [9][10]. - Retail gold prices adjusted downward in response to falling wholesale prices, making gold jewelry more attractive to consumers [10]. Analyst Perspectives - Analysts from various firms expressed differing views on the causes of the market decline, with some attributing it to technical adjustments and profit-taking, while others pointed to macroeconomic uncertainties stemming from U.S. Federal Reserve personnel changes [12][13]. - The overall sentiment in the market shifted from extreme optimism to fear, with many investors now closely monitoring support levels and physical demand to gauge future price stability [13].

Market Overview - The three major indices in A-shares experienced slight declines, with the Shanghai Composite Index down 0.25% to 4065 points, the Shenzhen Component down 0.33%, and the ChiNext down 0.73% [2] - The total market turnover was 2.16 trillion yuan, a decrease of 308 billion yuan from the previous trading day, with over 2700 stocks rising [2] Sector Performance - The oil and gas, chemical, and mining sectors showed strong performance, with multiple stocks such as Tongyuan Petroleum and Junyou Co. hitting the daily limit [4] - The chemical sector saw an overall increase of 1.45%, with core sub-industries like basic chemicals and diversified chemicals leading the gains [16] - The basic chemical sector had a net inflow of over 156.73 billion yuan, while the power equipment sector saw a net inflow exceeding 203.54 billion yuan [6] Fund Flow Analysis - Main funds shifted away from defense, media, and food and beverage sectors, moving towards power equipment and basic chemicals [5] - The chemical industry ETF saw significant inflows, with a total of 14.49 billion yuan in net inflows over the past 15 days, indicating strong market confidence in the sector [20] Stock Highlights - Hunan Gold and Data Port were among the top gainers, with net inflows of nearly 29 billion yuan and over 20 billion yuan, respectively [10] - Stocks like Hunan Rihua and Zhejiang Wenlian saw significant outflows, with declines of 7.63% and 9.79% [10] Market Sentiment - The market is currently in a "trial period," with a high number of first-day limit-up stocks but lacking a unified logic, indicating rapid rotation of funds [14] - The strong performance of the chemical sector is attributed to a combination of rising product prices, supply-side contraction, and demand from emerging sectors, suggesting a fundamental recovery rather than mere speculation [17]