中信证券认为，近三年国内铜矿板块PE长期运行在10—15x，今年以来板块持续提升估值，与供给增速 下滑、国内需求强劲有密切关系。展望后市，国内铜矿板块在盈利和估值两方面将迎来持续共振：1） 年内供需进一步改善为盾，旺季效应和宏观暖风为矛，2025年三季度至四季度铜价有望冲击10500美元/ 吨，预计铜价中枢上移将促进企业盈利预期改善；2）对供给短缺与需求成长的感知差异导致海内外板 块估值悬殊，预计未来供需认知改善以及铜价上台阶将驱动国内估值继续提升至15—20x。 华鑫证券认为，铜矿再现扰动，需求旺季还未启动。此前，9月8日因事故停产的印尼Grasberg矿山本周 仍处于暂停状态，铜矿供应紧张的担忧仍然持续。需求方面，虽然电线电缆开工率环比再度走弱，但是 精炼铜制杆开工率环比升约3个百分点，需求相对平稳。目前铜需求旺季未启动，但是供应扰动再起， 预计铜价将走强。 印尼格拉斯伯格矿区运营方、美国矿业巨头自由港-麦克莫兰铜金公司正式宣布，因山体滑坡导致矿 难，该矿区遭遇"不可抗力"，预计今年第三季度铜销售额将因此下滑，全面复工时间推迟至2026年上半 年。受一系列消息影响，自由港-麦克莫兰铜金公司股价24日收盘大 ...

Core Viewpoint - The company, Ice Wheel Environment (000811), highlights the acceleration of nuclear power construction in China, focusing on innovative technologies for nuclear island cooling and energy supply [1] Company Summary - Ice Wheel Environment is concentrating on core scenarios such as nuclear island cooling and nuclear energy heating, having developed a series of innovative technologies including nuclear island cooling, waste heat recovery, and non-powered air coolers within safety shells [1] - The company has provided services to several nuclear power stations in China, including Hongyanhe, Ningde, Yangjiang, Fangchenggang, Haiyang, Xudabao, Sanmen, Lufeng, Taipingling, Cangnan, Shidao, and Bailong [1] Industry Summary - The recent signals from the national nuclear power construction indicate a speeding up of projects, which may present new opportunities for companies involved in nuclear energy technologies [1]

极飞科技已向港交所递交上市申请，华泰国际为其独家保荐人。 极飞科技是一家全球领先的农业机器人公司，旨在提升农业生产效率。根据弗若斯特沙利文的数据，极 飞科技在2024年度的全球农业机器人和农业无人飞机行业中均排名第二，市占率分别为10.7%和 17.1%。 极飞科技的农业无人飞机是中国首批将无人飞机应用于农业生产的企业之一，能够应对复杂地形，提供 高效、灵活、环保的解决方案，解决劳动力短缺、农药过度使用等行业痛点。农业无人车旨在满足经济 作物种植场景下的多样化农耕需求，并与农业无人飞机形成互补。极飞科技在2025年被认定为国家级重 点"小巨人"企业，并于2024年被认定为国家级制造业单项冠军企业。 该公司通过融合机器人、智能化和新能源技术，开发了包括农业无人飞机、农业无人车、农机自驾仪及 智能农场物联网产品在内的一系列智能农业机器人。 ...

用户可以通过文本提示生成视频，或对现有视频进行混音，并可添加视觉元素、叠加音乐、调整风格。 创作的视频可以发布在Vibes信息流、通过私信发送，或交叉发布到Instagram和Facebook。用户在 Instagram上看到的MetaAI生成视频也可直接跳转到MetaAI应用进行再创作。 Meta正式推出名为Vibes的AI视频创作平台，并将其集成到MetaAI应用中，允许用户创作、发现和分享 AI生成的短视频。该平台旨在降低创作门槛，提供灵感，并收集用户反馈以迭代其AI视频工具，标志 着Meta在AI生成内容领域的最新布局。 ...

Market Overview - The Shanghai Composite Index closed at 3853.30 points, down 0.01%, with a trading volume of 1001.2 billion yuan [1] - The Shenzhen Component Index rose by 0.67% to 13445.90 points, with a trading volume of 1369.885 billion yuan [1] - The ChiNext Index increased by 1.58% to 3235.76 points, with a trading volume of 663.053 billion yuan [1] - The STAR 50 Index rose by 1.24% to 1474.49 points, with a trading volume of 102.9 billion yuan [1] - Total trading volume for both markets was 2371.085 billion yuan, an increase of 44.302 billion yuan from the previous trading day [1] Sector Performance - Strong sectors included Media, Non-ferrous Metals, Communication, Power Equipment, and Computer industries [2] - Weak sectors included Textiles, Precious Metals, Agriculture, Home Appliances, Transportation, Real Estate, Coal, and Banking [2] - A total of 1437 stocks rose while 3642 stocks fell, with 52 stocks hitting the daily limit up and 9 stocks hitting the limit down [2] Fund Flow Analysis - The net outflow of main funds from the Shanghai and Shenzhen markets was 23.6 billion yuan [5] - The ChiNext saw a net outflow of 8.927 billion yuan, while the CSI 300 experienced a net outflow of 0.627 billion yuan [5] - Eight sectors saw net inflows, with the Computer sector leading at 1.195 billion yuan, followed by Power Equipment, Media, and Communication [5] - The Electronics sector had the highest net outflow at 14.843 billion yuan, followed by Machinery, Chemicals, and Home Appliances [5] Individual Stock Performance - 86 stocks received net inflows exceeding 100 million yuan, with Inspur Information leading at 1.777 billion yuan [8] - Other notable stocks with significant inflows included NewEase Technology, Huagong Technology, and CATL [8] - 141 stocks experienced net outflows exceeding 100 million yuan, with Shenghong Technology leading at 1.62 billion yuan [11] - Other stocks with significant outflows included Heertai, XianDao Intelligent, and Longchuan Technology [11] Institutional Activity - Institutions had a net buy of 1.28 billion yuan, with Inspur Information being the top net buy at approximately 130 million yuan [14] - Other stocks with significant institutional net buying included Lixing Co., Hengerdai, and TCL Zhonghuan [14] - The most sold stock by institutions was Zhongheng Electric, with a net sell of approximately 144 million yuan [14]

人民财讯9月26日电，晶晨股份(688099)9月26日早间公告，公司已于2025年9月25日向香港联交所递交 了发行境外上市股份（H股）并在香港联交所主板挂牌上市的申请，并于同日在香港联交所网站刊登了 本次发行上市的申请资料。 转自：证券时报 ...

人民财讯9月26日电，中信证券研报称，特斯拉Optimus项目完成换帅，引领新兴世界模型技术路线。此 外，国内各地积极落地具身智能数据采集工厂，Figure展示人类视频训练成果。随着具身智能大模型的 持续精进，产业有望加速驶向商业化彼岸。中信证券持续看好具身智能机器人板块，认为该板块有望成 为未来5—10年最重要的科技产业机会之一。 ...

人民财讯9月26日电，地平线机器人9月26日早间在港交所公告，公司拟以每股9.99港元(折价约5.75%)配 售股份，筹资净额约63.39亿港元。配售股份占公司现有已发行股本约4.6%及公司已发行股本在股东大 会上的投票权约1.9%。公司拟将所得款项净额用于扩大海外市场业务、支持中高阶辅助驾驶解决方案 的规模化应用、投资新兴领域，例如与Robotaxi相关的计划等。 ...

Group 1 - The Nikkei 225 index opened lower by 0.26%, at 45634.2 points [1] - The South Korean Composite Index opened lower by 0.89%, at 3440.39 points [1]

人民财讯9月26日电，普联软件（300996）9月26日早间公告，公司向不特定对象发行可转换公司债券申 请获得深交所上市审核委员会审核通过。 ...