Economic Herald trainee reporter |

In January 2025, the volatility of the A-share market intensified, and among the 278 gold stocks recommended by brokers, 126 achieved stock price increases, accounting for 45.32%. Among them, the information technology industry performed well, accounting for half of the top 10 gold stocks. The current shares recommended by Guojin Securities (603308. SH) led the way with a 58.44% gain, while Rockchip (603893. SH), Fibocom (300638. SZ) followed closely behind, with gains of nearly 50%.

The Economic Herald reporter noticed that Donghai Securities' gold stocks performed better in January, and its recommended ingenuity home (301061. SZ) and Ganbao Pet (301498.SZ) both rose by more than 25%. However, some popular gold stocks performed poorly, such as 5 of the 6 gold stocks recommended by Guosen Securities fell, and Guolian Securities (601456. SH) was at the bottom with a decline of 19.23%.

Entering February, CATL (300750. SZ) topped the list of brokerage gold stocks with 7 recommendations, and SMIC (688981. SH), Juhua Co., Ltd. (600160. SH), Keying Network (002517. SZ) followed.

　　01

In January, 7 gold stocks rose by more than 30%.

In January 2025, more than 40 brokerages recommended a total of 278 gold stocks. Among the 278 gold stocks, 126 rose in the month, accounting for 45.32%. The current shares recommended by Guojin Securities were the ones with the largest share price increase in January, as high as 58.44%. Rockchip, which was jointly recommended by China Galaxy and Northeast Securities, and Fibocom, which was recommended by Huaan Securities, ranked second and third with monthly stock price increases of 49.72% and 49.48% respectively.

Ruida (688800.HK) SH), Fengyi Technology (688279. SH), Shuanglin Co., Ltd. (300100. SZ), Ingenuity Home Floughing (301061. SZ) also rose by more than 30% in the month, and the recommended brokerages for these four gold stocks were Huajin Securities, Western Securities, Huaxin Securities, CICC and Donghai Securities. From the perspective of industry distribution, the information technology industry has performed well (Wind first-class industry), and half of the top 10 gold stocks with the highest share price increase belong to this industry.

The

top 10 brokerage gold stocks with the highest share price increase in January

Donghai Securities performed better in January. On the one hand, among the top 10 companies with the highest share price increase, the brokerage selected two, namely Ingenuity Home Furnishing, which ranked 7th, and Ganbao Pet, which ranked 10th. On the other hand, the brokerage recommended a total of 10 gold stocks in January, of which 7 rose.

The performance of Huachuang Securities is also good, and 7 of the 10 gold stocks recommended by the brokerage have risen, including Xinquan shares (603179. SH) was the largest monthly increase in stock prices, reaching 11.94%. The performance of Huaxin Securities is also worth paying attention to, and the brokerage selected Shuanglin shares (300100. SZ), and half of the 10 gold stocks it recommends have achieved share price growth.

Guosen Securities underperformed. Among the six gold stocks recommended by the brokerage that month, only one of the stock prices rose in the month, which was China Merchants Bank (600036. SH), which rose by 3.44%. The other five gold stocks recommended by Guosen Securities are China Mobile (600941. SH), Zhongji InnoLight (300308. SZ), Wuliangye (000858. SZ), Longping Hi-Tech (000998. SZ), Guangxi Energy (Rights Protection) (600310. SH), whose share price fell by 6.09%, 7.04%, 7.33%, 8.68%, and 10.96%, respectively.

Guolian Securities, recommended by Caitong Securities and Hualong Securities, was the largest share price decline in the month, with a decline of 19.23%. Yongxing Securities recommended Innova (688253. SH) and Sinovac Pharmaceutical (688136. SH) followed with monthly declines of 18.64% and 18.21% respectively. Among the top 15 gold stocks recommended by more brokers, only China Merchants Bank and Bank of Jiangsu (600919. SH) 2 gold stocks achieved growth in the month.

The rise and fall of the top 5 gold stocks in January

　　02

CATL topped the list of recommendations in February

In February, a total of more than 40 brokerages recommended 268 gold stocks. CATL topped the list with 7 recommendations. SMIC followed with six. Juhua and Kaiying Network were both recommended 5 times, tied for 3rd place in the recommendation list.

The

top four brokerage gold stocks with the highest number of recommendations in February

Among these four companies, CATL, SMIC and Kaiying Network are the popular gold stocks recommended by brokerages in recent months. In January 2025, CATL and SMIC were both recommended 6 times. Keying Network has been recommended 13 times in the past 3 months, 3 times in January and 5 times in December 2024. In addition to being recommended 5 times in February, Juhua shares were recommended 1 time in the previous two months.

When the reporter of the Economic Herald sorted out the recommendation logic of the brokerage, he noticed that the brokerage was optimistic about the leading position of the global power battery of CATL and the breakthrough of new technologies. For example, Debang Securities' recommendation logic is: "(The company) cooperates with the world's leading automakers, deepens its overseas expansion, firmly globalizes, and promotes global electrification and clean energy transition by giving full play to and leveraging the leading advantages and resources of both parties in their respective fields." Pacific Securities also said that the company, as a global lithium battery leader, has an upward market share and profitability, and new technologies and overseas markets bring flexibility and space.

As a leading refrigerant enterprise, Juhua has obvious scale advantages, and its performance forecast exceeds expectations. In 2024, the company's performance is expected to increase, and the net profit attributable to the parent company is expected to be 1.87 billion to 2.1 billion yuan, a year-on-year increase of 98% to 123%. There are three reasons for Ping An Securities' recommendation, one is that the company's third-generation refrigerant quota in 2025 will continue to rank first in the country, the second is that the certainty of refrigerant supply in 2025 will be limited to support the high and firm price, and the third is that the national subsidy is stimulated, and the downstream demand is expected to be accelerated.

ZTE(000063. SZ) and Midea Group (000333.SZ) ranked among the top two in the list of brokerage recommendations in January. In February, these two gold stocks still ranked fourth in the list of brokerage recommendations for the month, and were recommended by Kaiyuan Securities, Guoyuan Securities, Guojin Securities, Guotai Junan, China Galaxy, Guosen Securities, Ping An Securities, and Cinda Securities.

Editor|Zhang Guangde, Yan Yunfeng