Market Overview - The market experienced fluctuations this week, with the Shanghai Composite Index primarily oscillating, while the Shenzhen Component and ChiNext Index reached new highs before a pullback on Friday. The STAR Market indices led the gains, with the STAR 50 Index and STAR Composite Index rising by 6.47% and 2.99% respectively, while the ChiNext 50 and ChiNext Index increased by 2.5% and 1.96%. Trading volume significantly decreased to around 2-2.4 trillion yuan [1]. Index Performance - The performance of various indices in the first half of the year showed the following changes: - STAR 50 Index: +6.47% - STAR Composite Index: +2.99% - ChiNext 50: +2.50% - ChiNext Index: +1.96% - CSI A500: +1.19% - CSI A50: +1.17% - SSE 50: +1.07% - CSI 300: +1.07% - Shenzhen Component: +1.06% - CSI 500: +0.98% - STAR 100: +0.90% - Shanghai Composite Index: +0.21% - Hang Seng Index: -1.57% - Hang Seng Tech Index: -1.58% - Hang Seng China Enterprises Index: -1.79% [2]. Sector Performance - From the perspective of Shenwan's first-level industries, the sectors of power equipment, non-ferrous metals, electronics, environmental protection, and media saw the highest gains, while social services, comprehensive, commercial retail, light industry manufacturing, textile and apparel, and food and beverage sectors experienced the largest declines [3]. ETF Market Dynamics - On September 24, the second batch of 14 STAR bond ETFs was launched, attracting over 60 billion yuan in net inflows on the first day. This led to a total net inflow of 1144.85 billion yuan in the ETF market for the week, with bond ETFs contributing 779.36 billion yuan and stock ETFs 290.67 billion yuan. The trend of net outflows from broad-based ETFs and net inflows into thematic industry ETFs continued, with significant inflows into semiconductor, robotics, and non-bank financial ETFs [5][6]. Notable Inflows and Outflows - The following indices saw significant net inflows: - AAA STAR Bonds: 657.05 billion yuan - Shanghai AAA STAR Bonds: 157.57 billion yuan - CSI A500: 104.80 billion yuan - Semiconductor Materials and Equipment: 42.39 billion yuan - STAR Chips: 33.87 billion yuan - Robotics: 30.62 billion yuan [8]. - Conversely, the following indices experienced notable net outflows: - CSI 300: -48.18 billion yuan - STAR 50: -26.41 billion yuan - Policy Financial Bonds: -20.20 billion yuan [12][14]. ETF Performance - The semiconductor equipment ETFs showed strong weekly performance, with the following gains: - Semiconductor Equipment ETF (E Fund): +16.18% - Chip Equipment ETF: +16.00% - Semiconductor Equipment ETF: +15.93% - Semiconductor Materials ETF: +15.35% [16][18]. New ETF Listings - A total of 21 new ETFs were launched this week, including 7 stock ETFs and 14 STAR bond ETFs, with a total issuance scale of 6.297 billion yuan. Additionally, 11 new ETFs were established, raising a total of 4.577 billion yuan [24].

Wedbush将Pure Storage的目标价从80美元上调至90美元，维持"跑赢大市"评级。(格隆汇) ...

高盛将埃森哲的目标价从370美元下调至330美元，仍维持"买入"评级。(格隆汇) ...

格隆汇9月28日丨吉峰科技(300022.SZ)公布，为合理利用公司资源，提高资金利用效率，结合实际经营 情况，吉峰三农科技服务股份有限公司全资子公司四川吉峰聚力实业发展有限公司（简称"聚力实业"） 拟减少注册资本9,500万元。减资完成后，聚力实业注册资本由人民币10,000万元减至500万元，公司仍 持有聚力实业100%股权。 ...

格隆汇9月28日丨一品红(300723.SZ)公布，全资子公司广州一品红制药有限公司于近日收到国家药品监 督管理局核准签发的关于左卡尼汀口服溶液的《药品注册证书》，根据核准的说明书，左卡尼汀口服溶 液适应症为：本品用于治疗原发性系统性卡尼汀缺乏症。临床表现包括反复发作的Reye样脑病、低酮 性低血糖症、和/或心肌病。相关症状包括骨骼肌张力减退、肌无力和发育停滞。本品也用于先天性代 谢异常导致的继发性卡尼汀缺乏症的短期和长期治疗。说明书中具有婴幼儿和儿童推荐的用法剂量。左 卡尼汀是哺乳动物能量代谢中必需的体内天然物质，其主要功能是促进脂类代谢。它既能将长链脂肪酸 带进线粒体基质，并促进其氧化分解，为细胞提供能量，又能将线粒体内产生的短链脂酰基输出。本品 的补充可缓解其因体内缺乏引起的脂肪代谢紊乱、骨骼肌和心肌等组织的功能障碍。 ...

格隆汇9月28日丨广和通(300638.SZ)公布，公司正在进行申请发行境外上市外资股（H股）并在香港联 合交易所有限公司（简称"香港联交所"）主板挂牌上市的相关工作，香港联交所上市委员会于2025年9 月25日举行上市聆讯，审议公司本次发行上市的申请。公司本次发行上市的保荐人已于2025年9月26日 收到香港联交所向其发出的信函，其中指出香港联交所上市委员会已审阅公司的上市申请，但该信函并 不构成对上市的批准，也不表示将获得批准。如有需要，香港联交所可能会对申请提出进一步意见或附 加条件。 ...

格隆汇9月28日｜有投资者在互动平台向影石创新提问：影石无人机快点开卖，不然只能买大疆的了。 影石创新回应称，公司相关产品正在有序推进中。 ...

Core Viewpoint - KOTAI Power (300153.SZ) announced a framework agreement for the acquisition of its stake in Zhiguang Energy by Zhiguang Electric and Zhiguang Storage through the issuance of shares and cash payment, indicating a strategic move in the energy sector [1] Group 1 - The transaction does not constitute a related party transaction or a major asset restructuring [1] - The deal is currently in the planning stage, with specific terms and formal agreements to be negotiated and signed later [1]

Core Viewpoint - The company has confirmed that its thermal copper powder is utilized in Huawei's Ascend 910 chip series [1] Group 1 - An investor inquired whether the company's thermal copper powder is applied in Huawei's Ascend chips [1] - The company responded affirmatively, stating that its thermal copper powder is indeed used in the Ascend 910 chip [1]

格隆汇9月28日丨天成自控(603085.SH)公布，为提升公司的国际竞争力和服务能力，完善公司业务布局 和中长期战略发展规划，公司拟设立或者通过子公司投资设立日本全资子公司并投资仓储中心及生产基 地。本次项目计划投资不超过1,000万元人民币（或等值外币），包括但不限于租赁或自建厂房、购建 固定资产等相关事项，实际投资金额以中国及当地主管部门批准金额为准。 ...