当地时间9月23日美股盘后，全球存储芯片巨头美光科技公布2025财年第四财季报告。财报显示，公司第四季度营收为113.2亿美元，同比增长46%；营业 利润为39.55亿美元，同比增长126.6%，均超出市场预期。 国产存储芯片概念活跃 9月24日上午，A股存储芯片板块表现活跃，板块涨超5%，资金流入近120亿元。通富微电、江丰电子等涨停，江波龙、赛腾股份、德明利等跟涨。消息 面上，由于供应紧张，三星对其DRAM和NAND闪存产品进行了大幅提价，部分产品提价幅度高至30%。这也使得三星成为继美光和闪迪之后，最新一家 上调内存和闪存产品价格的存储巨头。 当前国产HBM处于发展早期，上游设备材料或迎来扩产机遇。赛腾股份表示，公司HBM检测设备已得到海外大客户的认可并已批量出货，国内市场正在 积极开拓中。中微公司在先进封装领域（包含高宽带存储器HBM工艺）全面布局，包含刻蚀CVD、PVD、晶圆量检测设备等，且已经发布CCP刻蚀及 TSV深硅通孔设备。 财报公布后，收涨逾1%的美光股价拉升，盘后一度涨超4%，最高达174.89美元/股，此后涨幅收窄到1%以内。自今年年初以来，美光股价几乎已经翻了 一番。 AI需求推动存 ...

Core Insights - The photovoltaic industry is transitioning from a solitary approach to a collaborative model, emphasizing the integration of energy storage systems with solar power to meet overseas customer demands [1][3] - Companies are increasingly focusing on establishing complete supply chain systems abroad, which enhances stability in raw material supply and accelerates the release of synergistic effects from solar and storage integration [2][4] Group 1: Industry Trends - The shift from "single factory" operations to a comprehensive industry chain presence abroad is evident, with companies like JinkoSolar leading the way in establishing global manufacturing models [2] - The collaboration between Chinese photovoltaic companies and local suppliers is crucial for overcoming challenges related to raw material imports and local support [2][3] - The integration of energy storage with solar power is becoming essential, especially in markets with high solar penetration, as it addresses the intermittent nature of solar energy [3][4] Group 2: Company Strategies - Trina Solar has established a global engineering technology center, with energy storage systems having shipped nearly 12 GWh globally by mid-2023, including over 2 GWh in Europe [5] - JinkoSolar aims to increase its energy storage system shipments to 6 GWh this year, a fivefold increase from the previous year, with a significant portion coming from overseas markets [5] - Canadian Solar is leveraging its localized teams in various regions to provide immediate response services, enhancing the efficiency of green energy utilization and optimizing project returns [5] Group 3: Market Opportunities - The global renewable energy projects are projected to reach hundreds of gigawatts, with storage needs expected to enter the terawatt-hour level in the next decade, representing a vast new market [5] - The Middle East is viewed as a high-potential market for solar and storage, driven by abundant natural resources and strategic investments in green technologies [6] - The demand for energy storage is anticipated to grow significantly due to the surge in AI computing power and energy consumption, positioning storage as a new growth driver in the industry [7]

炒股就看金麒麟分析师研报，权威，专业，及时，全面，助您挖掘潜力主题机会！ 9月24日，A股三大指数集体低开，沪指低开0.45%，深证成指低开0.63%，创业板指低开0.79%。 截至发稿，沪指涨0.27%，深证成指跌0.29%，创业板指跌0.45%。 | 上证指数 | 深证成指 | 创业板指 | | --- | --- | --- | | 3832.01 | 13082.39 | 3100.51 | | 10.18 0.27% | -37.43 -0.29% | -14.04 -0.45% | 半导体概念走强，通富微电涨停，立昂微走出2连板，长川科技（维权）、骄成超声涨超10%，京仪装 备、盛美上海等等跟涨。 | < V | 半导体概念 | | E | | --- | --- | --- | --- | | | 2126.93 0.90% | | | | 成份股 | 股吧 | | 资讯 | | 名称 | 最新 | 涨幅 ↓ | 涨跌 | | 神工股份 | 43.39 | 16.99% | 6.30 | | 688233 科创 註 | | | | | 江丰电子 | 94.46 | 14.71% | 12.11 ...

来源：上海证券报·中国证券网 培训班上，中国证监会处罚委专家聚焦"上市公司'关键少数'交易类违法违规案例"，通过以案说法，系统阐述了操纵市场、内幕交易、短线交易、违规减持 等违法违规案件的性质、风险和危害，强化了参训人员的合规意识和底线思维。深圳证券交易所专家以"上市公司市值管理政策解读及案例分享"为主题，系 统讲解了市值管理政策出台背景、应用工具、特殊要求、禁止事项等内容，为参训人员厘清了政策要求和工作方向。中信建投研究所专家从剖析中国宝武、 中国建筑等优秀案例入手，深入分析了市值管理在经营层面和资本层面的工具运用、市值管理价值创造策略选择等实务内容，为上市公司提供了切实可行的 工作思路和方法借鉴。 据介绍，下一步，浙江上市公司协会将在浙江证监局的指导下，秉承"服务、自律、规范、提高"宗旨，持续组织开展市值管理政策培训、业务交流、行为评 价、优秀案例推广等工作，积极支持辖区上市公司利用市值管理政策工具提高发展质量，进一步激发辖区资本市场的健康活力。 上证报中国证券网讯（记者 谭镕）9月22日，在浙江证监局指导下，浙江上市公司协会联合资本市场学院，举办浙江辖区上市公司市值管理专题培训，邀请 中国证监会处罚委、 ...

Core Viewpoint - Haier's new air conditioning industrial park in Thailand is officially launched, marking it as the largest air conditioning manufacturing base for a Chinese brand in Southeast Asia, with an annual planned capacity of 6 million units [1][2]. Group 1: Industrial Park Overview - The industrial park covers an area of approximately 324,000 square meters and features multiple intelligent production lines and a large-scale warehousing and logistics center, establishing a comprehensive manufacturing ecosystem for air conditioning products [1][2]. - The park is strategically located in Thailand's Eastern Economic Corridor, allowing direct supply to North America, Europe, Japan, and South Korea, positioning it as a global production and export hub for Haier's air conditioning products [2]. Group 2: Production Capacity and Product Range - The planned annual production capacity of 6 million units makes it the highest capacity manufacturing base for Chinese air conditioning companies in Southeast Asia [2]. - The product line encompasses 14 categories and over a thousand models, including household and commercial air conditioners, heat pumps, and container temperature-controlled air conditioning, catering to various residential and commercial needs [2]. Group 3: Technological Advancements - The industrial park is set to be the most intelligent in Thailand, featuring the first overseas implementation of OPSI (Order, Production, Supply Chain) for end-to-end digitalization, with 13 business scenarios and 23 systems planned [2]. - The digital transformation is expected to enhance production efficiency by 20%, reduce operational costs by 15%, and improve order response speed by 50%, solidifying Haier's leading position in the Thai and Southeast Asian markets [2]. Group 4: Global Brand Positioning - Haier's development in Thailand reflects its broader global branding strategy, having established itself as a leading brand in over 200 countries and regions, with a focus on technology and localized innovation [2]. - According to Euromonitor International, Haier has ranked first in global retail volume for large home appliance brands for 16 consecutive years, achieving top positions in various product categories such as refrigerators, washing machines, and water heaters [2].

◎记者 俞立严 中创新航董事长刘静瑜经常无暇在位于江苏金坛的公司总部办公，她要到各地生产研发基地调研，与国 内外客户沟通业务。 中创新航动力电池装车量位居世界第四，已成为中国动力电池产业崛起的重要标志。"人的生命是有限 的，但怎样在有限的生命中发挥最大的价值？一定是要往前跑、做领跑者。"刘静瑜说。 源于中航，成于创新 "超越商业、造福人类，共创共赢、成就伟大"，是中创新航的使命和愿景。但在7年前，企业的名字还 叫"中航锂电"。中航锂电是动力电池行业先行者，也是第一梯队的玩家。但2017年，伴随中国新能源汽 车市场的爆发，众多企业蜂拥而至，动力电池行业很快陷入了红海竞争。与此同时，中航锂电因技术迭 代较慢、成本控制不佳和丢失重要客户等深陷连续亏损的困境。根据当时公司控股股东成飞集成的年 报，2017年和2018年，中航锂电亏损额分别达到3.3亿元和7亿元。 2018年7月，刘静瑜临危受命，从深圳来到金坛加入中航锂电，出任公司董事长兼总裁。在刘静瑜看 来，企业要想逆风翻盘，绝不能"犹抱琵琶半遮面"，必须全力以赴。刘静瑜到任中航锂电后第一个月就 拜访客户，走访行业专家，聆听团队分析汇报，深入了解市场动态和客户需求， ...

英伟达跌2.82%。此前一天，该芯片巨头宣布将向OpenAI投资最高1000亿美元，这一消息曾推高公司股 价并带动整体股市上涨。然而，这笔交易迅速引发了人们对人工智能泡沫的担忧。一些分析师表示，该 交易引发了投资者对英伟达是否在通过大力投资以支撑市场并让企业继续在其产品上支出的质疑。 Seaport Global Securities的分析师杰伊·戈德堡表示，这笔交易带有一丝循环融资的意味，可能是"泡沫行 为"的象征。"经济形势好的时候，这会助推增长速度，但当周期逆转时，情况反而会变得更糟。" 美东时间周二，美股三大指数集体收跌。截至收盘，道指跌0.19%，报46292.78点；标普500指数跌 0.55%，报6656.92点；纳指跌0.95%，报22573.47点，扭转了此前三大指数连续三个交易日均创下历史 新高的涨势。 国际金价续创新高，伦敦现货黄金盘中一度再刷历史高位，最高涨至3791.08美元/盎司。 国际局势方面，美国总统特朗普23日称，他现在认为乌克兰在欧盟和北约支持下，有望"赢回全部乌克 兰，恢复原状"。特朗普今年1月下旬重返白宫后，一直施压乌克兰在俄乌谈判中让步。23日表态中的立 场变化引发各 ...

Group 1: Company Overview - Baiyun Electric Group has transformed from a rural "blacksmith shop" into a leading enterprise in the domestic power equipment manufacturing sector, showcasing strong vitality in technological innovation and high-quality development [2][3] - The company has implemented a pragmatic innovation strategy, leading to significant technological breakthroughs in various projects, including a new type of distribution network demonstration project [2][3] Group 2: Technological Advancements - Baiyun Electric has developed a "light storage and flexible charging" project, achieving a photovoltaic conversion rate improvement of nearly 30% and establishing itself as an industry benchmark [2][3] - The company has integrated various new technologies, such as gel and matrix material systems, into its products, enhancing its capabilities in power electronics and direct connections to 10 kV power grids [2][3] Group 3: Industry Impact - Baiyun Electric has established a complete upstream and downstream industrial chain, contributing to the high-quality development of the power storage industry [4] - The company has received multiple awards, including the National Science and Technology Progress Award and the China Patent Award, reflecting its commitment to innovation and excellence [3][4] Group 4: Market Position and Future Plans - Baiyun Electric is actively expanding its influence by establishing innovation parks and collaborating with various enterprises to foster a synergistic development model [4] - The company aims to continue its focus on the power energy service sector, positioning itself as a national-level specialized technology enterprise [3][4]

2025云栖大会将于9月24日至26日举行，新模型、Agent（智能体）应用等AI软件产品及服务器等基础设 施硬件或是看点。据悉，阿里云将展示超大规模集群、分布式训练、推理加速等能力，并首次展出单柜 支持144个计算节点的高密度AI服务器和新一代高性能网络架构HPN8.0。此外，上百家企业的AI落地实 践、200多个Agent应用和300款AI终端产品也将参展。 2025云栖大会将于9月24日至26日举行，大会以"云智一体·碳硅共生"为主题，新模型、Agent（智能 体）应用等AI软件产品及AI服务器等基础设施硬件或是看点。 据悉，通义大模型将带来"全尺寸、全模态"的开源矩阵和最新模型；魔搭社区将展现其超过7万个模型 和1600万开发者的生态；阿里云将展示超大规模集群、分布式训练、推理加速等能力，并首次展出单柜 支持144个计算节点的高密度AI服务器和新一代高性能网络架构HPN8.0。此外，上百家企业的AI落地实 践、200多个Agent应用和300款AI终端产品也将参展。 上海证券报记者注意到，在大会开幕前，阿里云生态链公司已积极开展相关布局。软件领域，多家"阿 里链"企业以"模型+行业场景"为核心，在金融 ...

·9月23日，据市场监管总局网监司相关负责人介绍，《直播电商监督管理办法》近期将正式出台。 今日导读 ·财政部拟发行2025年记账式贴现（六十期）国债。本期国债为期限91天的贴现债。本期国债竞争性招 标面值总额300亿元，进行甲类成员追加投标。 ·截至9月23日，全市场科创板ETF数量已增至102只，合计规模接近2800亿元，其中今年以来新成立61 只。 ○我国月度用电量连续两个月破万亿千瓦时电力股有望估值修复 9月23日，国家能源局发布8月份全社会用电量等数据。数据显示，8月份全社会用电量达10154亿千瓦 时，同比增长5.0%。中国电力企业联合会统计与数智部副主任蒋德斌表示，继今年7月之后，8月全国 全社会用电量再次超过万亿千瓦时，已连续两个月创下历史新高。 中信证券研报认为，用电量持续保持高位运行，推荐配置水电核电等长久期资产，经营具备稳定性且估 值仍具备扩张潜力。同时，关注兼具业绩弹性及低估值的H股龙头火电，以及估值已计入消纳压力的深 度破净绿电。此外，受益数字化和新型电力系统日益融合的新场景及新模式，如虚拟电厂、微电网、综 能服务、功率预测等。 上证精选 ·财政部拟发行2025年记账式贴现（六十期） ...