经济观察网 芯片股集体重挫，其中，东芯股份、佰维存储跌超11%，燕东微、晶合集成跌超10%，德明 利（001309）、华虹公司、普冉股份跌超8%，联芸科技、芯联集成跌超7%，恒烁股份、翱捷科技、气 派科技、敏芯股份、中芯国际、长光华芯、中微半导跌超6%，中芯国际跌超5%。 消息面上，10月9日，有投资者信用账户持有的中芯国际、佰维存储等股票两融折算率降为0，多家券商 解释称中芯国际、佰维存储均因为静态市盈率大于300倍，折算率调整为0。有业内人士称，这是券商依 据交易所规则开展的常态化操作，该规定自2016年起实施，并沿用至今，A股市场保持一致，并非只针 对某个行业或者板块，也就是说A股市场静态市盈率超过300倍的两融股票，折算率都会调整为0。 ...

Group 1 - The Hang Seng Technology Index fell over 2% in early trading on October 10, indicating a negative market sentiment towards technology stocks [1] - The Hang Seng Index also experienced a decline of more than 1%, reflecting broader market weakness [1] - Notable declines were observed in several companies, with SMIC down over 5.5%, NIO and Xpeng both dropping nearly 5%, and Baidu and Hua Hong Semiconductor falling over 3% [1]

各位朋友，我是帮主郑重，知道大家开盘前想把券商金股的逻辑摸得更透——这13家券商选的票不少，但咱们做中长线不用全看，挑出"逻辑硬、基本面 稳"的核心标的就行，我帮大家捋了4个关键板块里最值得关注的，咱们一个个说。 其实这13家券商的金股逻辑，本质上和咱们做长线的思路一致——不追热点，只看"业绩有没有支撑、行业有没有前景"。上面这几家，都是在各自领域有核 心优势的，哪怕今天开盘后有回调，只要基本面没变化，反而可能是加仓的机会。 需要我把这些公司的近期业绩预告和机构持仓变化再整理一下，帮你更精准判断基本面吗？ 再到医药板块，药明康德被8家券商放进金股名单，逻辑也很清晰。一方面是全球医药研发的需求在回暖，跨国药企的外包订单最近多了不少，药明康德作 为CXO领域的龙头，能直接"喝汤"；另一方面，它在国内的创新药服务业务也在扩，比如和多家生物科技公司合作开发肿瘤新药，这部分业务增速能到30% 左右。对咱们来说，医药板块本来就适合长线布局，这种有全球业务支撑的公司，抗风险能力比小公司强得多。 然后是新能源板块，虽然昨天稀土、有色有点分化，但宁德时代还是被7家券商看好。核心逻辑有两个：一是最近锂电池实施出口许可证管理，看似 ...

（原标题：半导体板块调整 华虹公司跌超7%） 人民财讯10月10日电，半导体板块调整，华虹公司跌超7%，中芯国际跌超4%，佰维存储、德明利、晶合集成、芯原股份等跌超5%。 ...

Report Industry Investment Rating No relevant content provided. Core Viewpoints of the Report - After continuous gains, high - flying sectors like AI have shown divergence recently, while sectors such as nuclear fusion, chips, and non - ferrous metals have emerged. Although short - term index fluctuations have increased, the long - term strategy is to go long on dips due to policy support for the capital market [4]. - In the fourth quarter, the supply - demand pattern of the bond market may improve. The market is likely to remain volatile under the intertwined bull - bear background of weak domestic demand recovery and improved inflation expectations. Pay attention to the stock - bond seesaw effect [7]. - With the weakening of the US dollar credit and the expectation of the Fed's interest rate cut, maintain a medium - term bullish view on precious metals. However, there is a significant risk of price correction in the short term [9]. - For most metals, factors such as supply - demand changes, cost fluctuations, and market sentiment affect their prices. For example, copper is supported by supply tightening and Fed rate - cut expectations; aluminum is expected to be volatile and strong; zinc is expected to be strong in the short term; and nickel may have a short - term downward exploration but is supported in the long term [12][14][16][18]. - For black building materials, although the current real - world demand for steel is weak, the market's expectation of demand recovery is rising. The price of iron ore may adjust if the downstream situation weakens. Glass is recommended to be treated bullishly in the short term, and soda ash is expected to be range - bound [31][33][35]. - For energy and chemical products, rubber is recommended to go long on dips; for crude oil, wait and see in the short term; methanol and urea can be considered for short - term long positions after a decline; and for some chemical products like PVC and ethylene glycol, the supply - demand situation is weak, and short - term waiting and seeing is recommended [53][55][56][58]. - For agricultural products, the prices of live pigs and eggs are expected to be weak in the short term; soybean meal is expected to be weak and volatile; oils are expected to be strong; sugar is recommended to be shorted on rallies; and cotton is likely to be weak in the short term [77][79][82][84][87][89]. Summary by Relevant Catalogs Macro - financial Category Stock Index - **Market News**: The Ministry of Commerce and the General Administration of Customs have imposed export controls on certain items; some foreign entities have been included in the unreliable entity list; some securities firms have adjusted the margin conversion ratios of certain stocks; and the price of spot gold remains high, with some banks adjusting their related businesses [2]. - **Basis Ratio of Stock Index Futures**: The basis ratios of IF, IC, IM, and IH in different contract periods are provided [3]. - **Strategy Viewpoint**: After the previous continuous rise, the high - flying sectors have shown divergence, and the short - term index fluctuations have increased. However, the long - term strategy is to go long on dips [4]. Treasury Bonds - **Market News**: The prices of TL, T, TF, and TS main contracts have changed; the daily average sales revenue of the national consumption - related industries during the National Day and Mid - Autumn Festival holidays has increased year - on - year; and export controls have been imposed on some medium - heavy rare earth - related items [5]. - **Liquidity**: The central bank conducted 6120 billion yuan of 7 - day reverse repurchase operations, with a net withdrawal of 14513 billion yuan on the day [6]. - **Strategy Viewpoint**: The manufacturing PMI has rebounded, but the follow - up social financing and money growth may be under pressure. The bond market is expected to be volatile, and pay attention to the stock - bond seesaw effect [7]. Precious Metals - **Market News**: The prices of Shanghai gold and silver have declined, while the prices of COMEX gold and silver have increased. The US government shutdown has affected the release of economic data, and the Fed's meeting minutes show differences in the outlook for interest rates [8][9]. - **Strategy Viewpoint**: Maintain a medium - term bullish view on precious metals, but pay attention to short - term price corrections [9]. Non - ferrous Metals Category Copper - **Market News**: After the National Day, the copper price continued to be strong. The LME copper inventory increased, and the domestic electrolytic copper social inventory also increased. The spot import loss expanded, and the scrap copper substitution advantage increased [11]. - **Strategy Viewpoint**: Supply tightening and Fed rate - cut expectations support the copper price, but the short - term upward pace may slow down [12]. Aluminum - **Market News**: On the first day after the National Day, non - ferrous metals generally strengthened. The LME aluminum price rose, and the domestic aluminum inventory increased. The market atmosphere was warm, but the trade situation was still volatile [13]. - **Strategy Viewpoint**: The aluminum price is expected to be volatile and strong [14]. Zinc - **Market News**: The Shanghai zinc index rose, and the LME zinc price fell. The domestic social inventory increased slightly, and the zinc export window opened [15]. - **Strategy Viewpoint**: The Shanghai zinc is expected to be strong in the short term [16]. Lead - **Market News**: The Shanghai lead index rose, and the LME lead price also rose. The domestic social inventory decreased slightly [17]. - **Strategy Viewpoint**: The Shanghai lead is expected to be in a wide - range low - level shock in the short term [17]. Nickel - **Market News**: The nickel price rose significantly. The nickel ore price was stable, the nickel iron price was stable, and the MHP coefficient price increased slightly [18]. - **Strategy Viewpoint**: The short - term nickel price may decline, but it is supported in the long term. It is recommended to wait and see in the short term and go long on dips [18]. Tin - **Market News**: The tin price was strong. The supply was expected to increase slightly, and the demand in the traditional consumer electronics and home appliance sectors was still weak [21]. - **Strategy Viewpoint**: The tin price is expected to be high - level volatile in the short term. It is recommended to wait and see [21]. Carbonate Lithium - **Market News**: The carbonate lithium price was stable. The social inventory decreased, and a company obtained mining rights [22]. - **Strategy Viewpoint**: The supply - demand mismatch has led to a decrease in inventory. Pay attention to the supply and demand situation and the market atmosphere [22]. Alumina - **Market News**: The alumina index rose. The domestic and overseas prices changed, and the import window opened [23]. - **Strategy Viewpoint**: The alumina market is expected to be volatile. Wait and see for the macro - mood resonance [24]. Stainless Steel - **Market News**: The stainless steel price rose. The raw material prices were stable, and the social inventory decreased slightly [25]. - **Strategy Viewpoint**: The stainless steel price is expected to be range - bound. Pay attention to the RKAB approval progress [26]. Cast Aluminum Alloy - **Market News**: The cast aluminum alloy price rose. The trading volume increased, and the inventory increased slightly [27]. - **Strategy Viewpoint**: The downstream consumption is in the peak season, but the delivery pressure of the near - term contract is large, and the upside space is limited [28]. Black Building Materials Category Steel - **Market News**: The prices of rebar and hot - rolled coil rose. The inventory of rebar decreased, and the inventory of hot - rolled coil remained unchanged [30]. - **Strategy Viewpoint**: The current real - world demand for steel is weak, but the market's expectation of demand recovery is rising. Pay attention to policy signals [31]. Iron Ore - **Market News**: The iron ore price rose. The overseas shipment decreased, and the domestic arrival increased. The steel mill's profit rate continued to decline [32]. - **Strategy Viewpoint**: The iron ore price may adjust if the downstream situation weakens. Pay attention to the "Silver October" performance after restocking [33]. Glass and Soda Ash - **Market News**: The glass price rose, and the inventory increased. The soda ash price fell, and the inventory decreased [34][36]. - **Strategy Viewpoint**: Glass is recommended to be treated bullishly in the short term, and soda ash is expected to be range - bound [35][37]. Manganese Silicon and Ferrosilicon - **Market News**: The manganese silicon price rose slightly, and the ferrosilicon price fell slightly. The prices are in a shock range [38]. - **Strategy Viewpoint**: The black sector may first decline and then rise. Manganese silicon and ferrosilicon are likely to follow the black sector's trend [39][40][41]. Industrial Silicon and Polysilicon - **Market News**: The industrial silicon price was stable, and the polysilicon price fell. The supply and demand of industrial silicon changed little, and the polysilicon inventory was limited [42][44]. - **Strategy Viewpoint**: Industrial silicon is expected to be range - bound in the short term, and polysilicon may improve if the leading enterprises conduct maintenance [43][46]. Energy and Chemical Category Rubber - **Market News**: The rubber price stabilized. The tire production rate decreased, and the inventory decreased slightly. The spot price changed [48][50][52]. - **Strategy Viewpoint**: Go long on dips and partially build a hedging position [53]. Crude Oil - **Market News**: The crude oil price fell, and the inventories of related products changed. The US EIA data showed inventory changes [54]. - **Strategy Viewpoint**: Wait and see in the short term and verify the OPEC's export - price - support intention [55]. Methanol - **Market News**: The methanol price fell, and the inventory increased. The supply was high, and the demand was weak [56]. - **Strategy Viewpoint**: Consider short - term long positions after a decline [56]. Urea - **Market News**: The urea price fell, and the inventory increased. The supply was high, and the demand was weak [57]. - **Strategy Viewpoint**: Consider long positions at a low price [58]. Pure Benzene and Styrene - **Market News**: The pure benzene price was stable, and the styrene price fell. The supply and demand changed, and the inventory increased [59]. - **Strategy Viewpoint**: The styrene price may stop falling due to the seasonal peak season [60]. PVC - **Market News**: The PVC price fell, and the inventory increased. The supply was strong, and the demand was weak [61]. - **Strategy Viewpoint**: The PVC market is bearish in the medium term. Consider short positions [63]. Ethylene Glycol - **Market News**: The ethylene glycol price fell, and the inventory increased. The supply was high, and the demand was weak [64]. - **Strategy Viewpoint**: Wait and see in the short term [65]. PTA - **Market News**: The PTA price fell, and the inventory increased. The supply was affected by maintenance, and the demand was stable [66]. - **Strategy Viewpoint**: Wait and see in the short term [67]. Para - Xylene - **Market News**: The para - xylene price rose, and the inventory increased. The supply was high, and the demand was affected by PTA maintenance [68]. - **Strategy Viewpoint**: Wait and see in the short term and pay attention to the terminal and PTA valuation [69]. Polyethylene (PE) - **Market News**: The PE price fell, and the inventory decreased. The supply was limited, and the demand was expected to increase [70]. - **Strategy Viewpoint**: The PE price may rise in the long term [71]. Polypropylene (PP) - **Market News**: The PP price fell, and the inventory was high. The supply was large, and the demand was weak [72]. - **Strategy Viewpoint**: The PP market is in a weak supply - demand situation, and the inventory pressure is high [74]. Agricultural Products Category Live Pigs - **Market News**: The live pig price continued to fall. The slaughtering and sales situation was not good [76]. - **Strategy Viewpoint**: The live pig price is expected to be weak in the short term. Short the near - term contract and conduct reverse hedging [77]. Eggs - **Market News**: The egg price generally fell. The supply was greater than the demand, and the market confidence was low [78]. - **Strategy Viewpoint**: The egg price is expected to be weak in the short term. Wait for the bottom - building [79]. Soybean and Rapeseed Meal - **Market News**: The CBOT soybean price fell slightly. The domestic soybean meal price was stable, and the import cost was affected by multiple factors [80][81]. - **Strategy Viewpoint**: The domestic soybean meal supply pressure is large. It is expected to be weak and volatile in the short term [82]. Oils - **Market News**: Indonesia is promoting the B50 biodiesel plan. The domestic oil price rose, and the inventory may decrease [83]. - **Strategy Viewpoint**: The oil price is expected to be strong. Go long on dips [84]. Sugar - **Market News**: The sugar price rebounded slightly. The Brazilian sugar production data was released, and the port waiting quantity increased [85][86]. - **Strategy Viewpoint**: The sugar price is expected to be bearish in the long term. Short on rallies in the fourth quarter [87]. Cotton - **Market News**: The cotton price rebounded slightly. The spot price fell, and the acquisition price was lower than last year [88]. - **Strategy Viewpoint**: The cotton price is likely to be weak in the short term. There is cost support at the bottom [89].

前十大沽空比率排行 | 股票名称 | 沽空金额 | 沽空比率↓ | | 偏离值 | | --- | --- | --- | --- | --- | | 安踏体育-R(82020) | 4.93 万元 | 100.00% | 14.99% | | | 华润啤酒-R(80291) | 98.50 万元 | 83.97% | 14.33% | | | 友邦保险-R(81299) | 6.80 万元 | 83.31% | 8.64% | | | 百度集团-SWR(89888) | 94.94 万元 | 82.82% | 45.67% | | | 中国移动-R(80941) | 241.87 万元 | 81.66% | 23.76% | | | 美团-WR(83690) | 364.45 万元 | 71.49% | 21.56% | | | 长城汽车-R(82333) | 3.82 万元 | 70.99% | 4.53% | | | 江苏宁沪高速公路 | 5635.08 万元 | 64.85% | 36.97% | | | (00177) | | | | | | 京东集团-SWR(89618) | 37.99 万元 | ...

【跟踪牛人动态】超3000名"专业选手"如何调仓？最牛选手单只标的浮盈超300% 【头条要闻】 触及300倍静态市盈率红线！中芯国际两融折算率调降至零 影响有多大？ 科创板牛股中芯国际遇到突发情况。9日，记者查询中信证券、国泰海通、华泰证券等多家头部券商官 网发现，这些券商系统中的中芯国际A股两融折算率均调降为零。据了解，沪深交易所2023年修订的 《融资融券交易实施细则》明确，静态市盈率在300倍以上或者为负数的A股股票两融折算率为零。截 至9月30日收盘，中芯国际的静态市盈率刚好超过300倍。 另据业内人士介绍，港股市场个股融资折算率通常由券商自己决定，各家券商会进行动态调整。有投资 者查询几家港股市场券商发现，目前中芯国际港股的融资折算率为50%左右，一些静态市盈率超过300 倍或为负值的个股仍然能作为担保品进行融资。 外媒关注中方新规：中国展示影响力，进一步扩大对稀土供应链的控制 10月9日，中国商务部发布两项关于加强稀土相关物项出口管制的公告，引发外媒热议。英国《金融时 报》指出，中国的新限制措施类似于美国的"外国直接产品规则"（FDPR）出口管制体系，这正是美国 用来阻止第三国向中国出口半导体相关 ...

记者10月9日查询多家券商网站发现，不仅是上述券商，其他多家券商也已将中芯国际的折算率调整为 0。近期折算率被调整为0的股票不止中芯国际一只，还包括佰维存储等股票。比如某券商的官网显示， 10月9日中芯国际和佰维存储的折算率均为0，而在此前的9月29日，这两只股票的折算率还是0.60。 转自：证券时报 对于折算率调整为0的情况，交易所早有明确规定，比如上交所规定，"被实施风险警示、进入退市整理 期的证券，静态市盈率在300倍以上或者为负数的A股股票，以及权证的折算率为0%"；深交所也规 定，"被实行风险警示或者进入退市整理期的证券，静态市盈率在300倍以上或者为负数的A股股票，以 及权证的折算率为0%"。 人民财讯10月10日电，日前，有投资者反映称，接到券商短信告知，自10月9日起，信用账户持有的中 芯国际的融资融券折算率由0.70调整为0。 MACD金叉信号形成，这些股涨势不错！ 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！ 记者以投资者身份咨询多家券商，客服普遍回复是根据相关规定进行的常规调整。 ...

【相关阅读】多股两融折算率降为0，业内称依规调整，规则用了近9年 一波股票两融折算率降为0，是何原因？ 科创板牛股中芯国际遇到突发情况。9日，记者查询中信证券、国泰海通、华泰证券等多家头部券商官网发现，这些券商系统中的中芯国际A股两融折算率 均调降为零。 据了解，沪深交易所2023年修订的《融资融券交易实施细则》明确，静态市盈率在300倍以上或者为负数的A股股票两融折算率为零。截至9月30日收盘，中 芯国际的静态市盈率刚好超过300倍。 另据业内人士介绍，港股市场个股融资折算率通常由券商自己决定，各家券商会进行动态调整。有投资者查询几家港股市场券商发现，目前中芯国际港股的 融资折算率为50%左右，一些静态市盈率超过300倍或为负值的个股仍然能作为担保品进行融资。 中芯国际A股两融折算率归零 | 图片来源：国泰海通官网截图 | | --- | 来源：每日经济新闻 | | | | 可充抵保证金证券 | | | | --- | --- | --- | --- | --- | --- | | 序号 | 证券代码 证券简称 | | 折算率 | 单一证券持仓集 中度 | 买入及转入状态 | | 1 | 688981 | ...

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！ 人民财讯10月9日电，10月9日下午，有投资者反映，接东方财富证券短信告知，自10月9日起，信用账户持有的中芯国际的折算率由0.7调整为0，佰维存储的折算率由0.5调整为0。记者了解到 ...