南向资金今日大幅净买入63.32亿元。港股通（沪）方面，美团-W、中国移动分别获净买入10.24亿港 元、5.5亿港元；腾讯控股净卖出额居首，金额为4.74亿港元；港股通（深）方面，康方生物、美团-W 分别获净买入2.37亿港元、2.1亿港元；三生制药净卖出额居首，金额为2.4亿港元。 ...

Investment Rating - The report maintains a rating for the electronic industry [3] Core Insights - The electronic industry is experiencing significant differentiation, with consumer electronics showing positive performance while semiconductors and electronic chemicals face pressure [3][15] - The collaboration between Weiming Environmental Protection and China Mobile aims to create a benchmark for green computing infrastructure, leveraging existing green energy resources [8][9] - The report highlights the potential of the "power supply + heating" synergy between waste incineration power generation and data centers, particularly in regions with scarce renewable energy [9][10] Industry Tracking - The electronic industry saw a decline of 0.75% during the week of May 12-16, 2025, ranking 28th out of 31 sectors [3][11] - The top five gainers in the electronic sector included Jingyan Technology (+20.53%), *ST Yushun (+20.46%), and Sique New Materials (+16.32%) [12] - The top five decliners included Dalian Technology (-12.22%), Changguang Huaxin (-11.04%), and Tiancheng Technology (-10.43%) [13] Industry News - The U.S. plans to export hundreds of thousands of AI chips to UAE and Saudi AI companies, indicating a shift in export regulations [21][22] - Xiaomi announced the upcoming release of its self-developed mobile SoC chip, marking a return to in-house chip development [23] - AMD is set to launch the Zen6 architecture EPYC 9006 processors and RX 9060 XT graphics cards, utilizing TSMC's 2nm process technology [25] Company Announcements - Alibaba reported a revenue of 236.45 billion yuan for Q4 of fiscal year 2025, reflecting a year-on-year growth of 6.6% [50][51] - Li'an Technology announced a cash dividend of 2.00 yuan per 10 shares for its 2024 annual profit distribution [52] - The report includes various announcements from companies regarding profit distributions and shareholder changes [54][55]

5月19日上榜港股通成交活跃榜个股中，三生制药为近一个月首次上榜。 证券时报·数据宝统计显示，5月19日港股通（包括沪市港股通及深市港股通）成交活跃股合计成交 378.81亿港元，占当日港股通成交金额的44.83%，净买入金额38.58亿港元。 上榜的成交活跃股中，阿里巴巴-W成交额为98.74亿港元，成交金额居首；其次是小米集团-W、腾讯控 股，成交金额分别为88.56亿港元、51.58亿港元。 以上榜次数统计，5月19日上榜个股中，近一个月上榜次数最多的是阿里巴巴-W、美团-W等，近一个 月均上榜17次，最受港股通资金关注。 三生制药为近一个月首次上榜，当日港股通成交额为18.13亿港元，成交净买入4.01亿港元，该股当日收 盘上涨13.81%。（数据宝） 5月19日港股通成交活跃股榜单 | 证券 | 证券简称 | 成交金额（亿 | 净买入金额（亿 | 近一个月上榜 | 最新收盘价 | 日涨跌幅 | | --- | --- | --- | --- | --- | --- | --- | | 代码 | | 港元） | 港元） | 次数 | （港元） | （%） | | 00700 | 腾讯控股 | 51.5 ...

来源：环球网 在数字经济加速发展的新时代背景下，近日，中国移动广西公司（以下简称"广西移动"）深入贯彻落实 自治区"人工智能+"行动部署，以5G-A（5G-Advanced）技术为引擎，在八桂大地打造"通感算智"一体 化新型基础设施，为广西建设面向东盟的数字经济新高地注入强劲动能。 广西首个5G-A通感一体化基站开通 林峰/摄 技术引领：构筑5G-A数字底座 相较于传统5G技术，5G-A它在性能、效率和场景支持上实现跨越式提升，广西移动依托技术迭代，构 建起覆盖全区14个设区市的5G-A网络底座，部署超1800个5G-A 3CC站点及近万个5G-A Redcap基站。 如今南宁的东盟商务区、北海银滩、中越边境的智慧口岸、桂林的两江四湖等热点区域均建设了5G-A 3CC网络，城、海、边、山等重要场所和商圈基本实现覆盖。打造全区首个5G-A通感一体和无源物联 网样板点，并圆满在第42届GTI（广西南宁）国际会议，向东盟国家进行展示。实现了从"单一通 信"向"通感一体"的革命性跨越。为实现无人机位置、速度、轨迹的厘米级精准监控奠定基础，为低空 空域管理筑牢"数字护城河"。 例如，在位于中越边境崇左友谊关，在5G-A ...

为满足仓储场景对于资产管理及物流识别的需求，广西移动携手合作伙伴，采用包含室内基站、载波激 励节点、纯无源标签的3GPP Release 19在研标准组网架构，创新室内基站灵活组网、多设备联合供能、 高性能标签编解码、纯无源标签接入等多项技术方案，形成了5G-A蜂窝无源物联网总体解决方案，实 现了复杂环境下的多标签秒级读取、多目标进出库准确识别等业务，充分证明了在仓储场景中5G-A蜂 窝无源物联网对于物资全流程可视、仓储管理效率提升的能力优势。 来源：环球网 近日，中国移动广西公司（简称"广西移动"）联合中国移动研究院、中移物联网有限公司、芯昇科技有 限公司和华为公司，在广西移动物流中心（RDC）完成面向仓储场景的5G-A无源物联网多厂商试点验 证，为后续蜂窝无源物联的产业应用打下坚实基础。 在本次试点中，广西移动通过部署研究院自主研发的"中移载物"管理平台，与华为公司提供的5G-A无 源物联网室内基站及芯昇提供的5G-A纯无源标签芯片样机形成端到端系统，打通了完整的业务链和数 据链，覆盖了仓库内仓储区和暂存区共2600余平方米，实现了蜂窝无源物联多站协同组网和标签实时盘 存，整个仓库的物资盘点和进出库管理准 ...

算力已成为数字经济时代继热力、电力之后的关键生产力，是5G、云计算、大模型等技术的基础设施。我国算力总规模居世界第二，算力互联网 作为新型基础设施，2024年7月国内首个算力互联公共服务平台上线，推动算力互联互通。目前，我国围绕算力互联网关键技术建立了多层次标准 体系，在北京、上海等地开展算力互联平台试验业务，三大运营商算力标识网关标准化验证取得进展。 不过，我国算力互联网尚处发展初期，算力资源分散且缺乏统一标准，协同调配困难。专业人士认为，算力互联网建设可整合分散算力，促进普 惠化，提高用算效率，推动AI应用和产业数智转型，还能助力关键技术攻关和创新成果落地，实现不同形态算力并网接入和云化多租复用。 算力对人工智能至关重要，国际科技巨头一季度资本开支增加，主要用于AI和云服务基础设施建设。天风证券称，海外科网龙头加码资本开支， 国内国家级算力中心项目有望落地，AIDC部署加速。IDC数据显示，2025年中国智能算力规模预计达1037.3EFLOPS，2028年将突破 2781.9EFLOPS，2025 - 2028年复合增长率有望超35%。 从A股市场看，近60只算力概念股2024年整体业绩逆转，营业收入同 ...

智通财经APP获悉，5月19日港股市场，北水成交净买入84.59亿港元，其中港股通(沪)成交净买入72.68 亿港元，港股通(深)成交净买入11.92亿港元。 北水净买入最多的个股是建设银行(00939)、中国移动(00941)、盈富基金(02800)。北水净卖出最多的个 股是腾讯(00700)、小米集团-W(01810)、中海油(00883)。 | 三生制药 HK 01530 | 3.98亿 | 2.94亿 | 6.92亿 +1.05亿 | | --- | --- | --- | --- | | :洪烟圆+ HK 00883 | 1.73亿 | 2.42亿 -6902.30万 | 4.15亿 | | 华虹未营体 | 2.71亿 | 1.34亿 | 4.05亿 | | HK 01347 | | | +1.381Z | | 股票名称 | 买入额 | 卖出额 | 买卖总额 | | --- | --- | --- | --- | | | | | 净流入 | | 阿里巴巴-W | 34.86亿 | 20.49亿 | 55.35亿 | | HK 09988 | | | +14.37 乙 | | 小米集团-W | 26. ...

智通财经5月19日电，南向资金今日净买入84.59亿港元。其中，建设银行、中国移动分别获净买入约 8.62亿港元、8.13亿港元；腾讯控股遭净卖出约4.72亿港元。 南向资金今日净买入逾84亿港元 建设银行获净买入居前 ...

Group 1 - The core viewpoint of the news is that the China Securities Index for BRICS countries (Hong Kong) has shown significant growth, with a 13.71% increase year-to-date and an 8.89% increase over the past month [1][2] - The index includes securities from major exchanges such as the Shanghai Stock Exchange, Shenzhen Stock Exchange, and companies from Brazil, Russia, India, and South Africa listed on developed markets like NYSE and LSE [1][2] - The index is designed to reflect the overall performance of selected securities, with a base date of December 30, 2005, set at 1000.0 points [1] Group 2 - The top ten holdings of the index include Tencent Holdings (14.65%), Alibaba-W (10.68%), and Reliance Industries Ltd (9.34%), among others [2] - The market distribution of the index shows that 65.07% of the holdings are from the Hong Kong Stock Exchange, 19.56% from the New York Stock Exchange, and 15.37% from the London Stock Exchange [2] - The industry breakdown of the index indicates that financials account for 27.01%, consumer discretionary for 23.48%, and communication services for 20.38%, with other sectors represented as well [2] Group 3 - The index samples are adjusted biannually, with changes implemented on the next trading day after the second Friday of June and December [3] - The adjustment process allows for a maximum of 10% of the sample to be changed, prioritizing the top 48 new samples for inclusion and retaining older samples ranked within the top 72 [3] - In special circumstances, the index may undergo temporary adjustments, with the highest-ranked securities from a pre-established backup list replacing any removed securities [3]

Investment Rating - The report suggests focusing on domestic AI development-driven sectors such as servers, IDC, switches, and connectors, as well as overseas AI development-driven sectors like servers and optical modules [4] Core Insights - The U.S. Department of Commerce upgraded chip controls against China, banning Huawei's Ascend chips and limiting U.S. chips for AI training in China, which is expected to benefit domestic chip suppliers [1][6] - NVIDIA's AI chip shipments fell short of expectations, leading to a projected slight decline in capital expenditures from domestic internet companies in the short term, but this will accelerate the domestic replacement of AI chips [1][5] - The establishment of an AI chip R&D center in Shanghai by NVIDIA and a significant order for 18,000 GB300 servers from Saudi Arabia highlight the global strategic layout and increasing demand for high-speed optical modules and liquid cooling technology [1][6] Summary by Sections Communication Sector Overview - The telecom operators achieved a total revenue of 446.9 billion yuan in the first quarter of 2025, a year-on-year increase of 0.7%, with a total telecom business volume growth of 7.7% [3][12] - The optical module exports saw a growth of 19.6% year-on-year in March, with a cumulative growth of 3.18% from January to March 2025 [28][30] Server Sector - The server index experienced a slight decline of 2.51% this week, primarily due to delays in NVIDIA's GB200 deliveries and lower-than-expected capital expenditures from companies like Alibaba [5][6] - The report anticipates that the domestic AI chip supply will benefit from the U.S. chip control upgrades, which may lead to a long-term increase in AI-driven business growth [5][6] Optical Module Sector - The optical module industry is showing signs of recovery, with leading companies like NewEase and Zhongji Xuchuang reporting significant revenue growth of 179% and 264% respectively in Q1 2025 [7] - The overall revenue of the optical module sector increased by 48% year-on-year, driven by AI computing demand and cost reduction measures [7] IDC Sector - The IDC industry is expected to grow driven by increasing AI computing demand and supportive policies, with resources concentrating on companies that meet energy consumption standards and have sufficient project reserves [2]