11月6日，A股市场全面走强，沪指重返4000点！电新板块继续反攻，北美电力紧缺成为制约AI算力扩张的核心瓶颈，AI电力需求爆发提振下，同 类费率最低档的光伏龙头ETF(516290)上涨1.53%，喜提两连阳。光伏龙头ETF(516290)近5日强势吸金超4400万元。 据报道，消息人士透露，备受关注的多晶硅重组"联合体"平台正在筹划中，收购方案具体细节仍在商讨。据悉，目前规划预计成立700亿元左右规 模的基金，经讨论后，将采用百亿资金撬动700亿的"承债式"方式收购。 光伏龙头ETF(516290)标的指数成分股多数冲高，被投资者称作"新易中天"的"阿阳特"冲高，其中特变电工涨超5%，阳光电源涨超2%，市值站上 4200亿，阿特斯微涨0.05%。此外，正泰电器、科士达上涨10.00%，德业股份上涨6.86%，通威股份、TCL中环等跟踪，隆基绿能、天合光能等回 调。 | | HCRE | | | | | --- | --- | --- | --- | --- | | 1 | 300274 | 阳光电源 | 19.92% | 2.44% | | 2 | 601012 | 隆基绿能 | 9.35% | -0.3 ...

文｜《财经》记者 张建锋 编辑｜杨秀红 营业收入、归母净利润同比增长，是国家队三季度增持股份公司的普遍特征。 国家队三季度重点增持了八大行业，主要包括新能源和半导体等 在近期A股站上4000点创下十年新高前，国家队提前增持了哪些公司？随着A股公司三季报披露完毕， 国家队加仓路径浮出水面。 从持仓市值来看，万得（Wind）数据显示，2025年三季度末，包括社保基金、中央汇金、中国证金、 中国证金定制基金、外管局旗下投资平台、中国证金资管在内的国家队所持A股公司股份共计5972亿 股，按照11月5日收盘价计算，总市值合计约4.98万亿元。 其中，万得二级行业分类中，银行、保险、多元金融、货物资本、材料，分居国家队持股市值前五大行 业，持股市值均超千亿元。国家队所持银行股份市值为3.78万亿元，高居国家队所持股份行业首位。 凭借稳定的业绩和持续的现金分红，银行股近年来备受国家队钟爱。中泰证券表示，银行股经营模式和 投资逻辑从"顺周期"到"弱周期"：市场强时，银行股短期偏弱；但经济偏平淡期间，银行股高股息持续 会具有吸引力，继续看好银行股稳健性和持续性。 中金公司展望，稳定仍是2026年银行业业绩的大概率情况，预计上 ...

（文章来源：每日经济新闻） 创业板新能源ETF国泰（159387）跟踪的是创新能源指数（399266），单日涨跌幅达20%，该指数从市 场中选取涉及清洁能源、节能环保及新能源汽车等领域的上市公司证券作为指数样本，重点关注具有高 成长性和创新能力的公司，以反映新能源行业整体发展水平和技术进步趋势。 华西证券指出，硅料联合体的搭建有望推动落后产能出清，行业供需结构显著优化，支撑硅料盈利持续 改善；组件价格已现上涨迹象，隆基绿能上调报价0.01-0.02元/W，组件环节盈利改善可期。光伏板块 配置性价比凸显，头部一体化组件企业有望率先受益，BC电池凭借高效率产品形成溢价，硅料价格有 望持续上行。 ...

绿色能源ETF（562010）业绩比较基准为中证绿色能源指数收益率，管理人为华宝基金管理有限公司， 基金经理为张放，成立（2022-12-16）以来回报为2.68%，近一个月回报为2.42%。 来源：新浪基金∞工作室 11月6日，绿色能源ETF（562010）开盘跌0.88%，报1.015元。绿色能源ETF（562010）重仓股方面，宁 德时代开盘涨0.33%，比亚迪跌0.23%，长江电力跌0.11%，阳光电源涨0.73%，亿纬锂能跌0.18%，隆基 绿能涨0.00%，华友钴业跌0.67%，赣锋锂业涨0.00%，先导智能涨0.15%，通威股份涨0.00%。 风险提示：市场有风险，投资需谨慎。本文为AI大模型自动发布，任何在本文出现的信息（包括但不 限于个股、评论、预测、图表、指标、理论、任何形式的表述等）均只作为参考，不构成个人投资建 议。 ...

据交易所数据显示，截至11月6日开盘一小时，主力资金流出前20的股票分别为：吉视传媒（-6.87亿 元）、赛力斯（-6.20亿元）、雪人集团（-6.07亿元）、特变电工（-5.65亿元）、海马汽车（-5.54亿 元）、平潭发展（-3.67亿元）、隆基绿能（-3.09亿元）、山子高科（-2.95亿元）、福龙马（-2.70亿 元）、厦工股份（-2.61亿元）、利欧股份（-2.58亿元）、中国中免（-2.56亿元）、海南发展（-2.53亿 元）、三变科技（-2.52亿元）、蓝色光标（-2.50亿元）、大为股份（-2.29亿元）、工业富联（-2.17亿 元）、润和软件（-2.15亿元）、闻泰科技（-2.10亿元）、ST华通（-2.06亿元）。 ...

Core Insights - The photovoltaic industry has shown significant improvement in Q3 2025, with many companies turning losses into profits, indicating a positive trend that is expected to continue [1][22] - The future evolution of the photovoltaic industry is determined by "storage capacity" for mid-term valuation and the integration of AI in data centers for long-term success [1][23] Industry Overview 1. Silicon Material - GCL-Poly's Q3 profit from photovoltaic materials reached approximately 960 million yuan, a significant recovery from a loss of 1.81 billion yuan in the same period last year [2] - Tongwei and Daqo New Energy also reported substantial improvements, with Daqo achieving a profit of 73 million yuan in Q3 [2] - The silicon material sector has seen a price surge, with futures prices rising from 30,000 yuan/ton in Q2 to 58,000 yuan/ton in Q3, indicating a strong recovery [2][4] 2. Silicon Wafer - Second-tier silicon wafer companies like Hongyuan Green Energy and Shuangliang Energy have turned profitable, with Hongyuan reporting a profit of 500 million yuan in Q3 [7] - Longi Green Energy has also shown a notable reduction in losses, approaching breakeven [8] 3. Battery Components - Battery component manufacturers, including Longi, Jinko, Trina, and Tongwei, have reported improvements, except for JA Solar, which saw a decline in Q3 performance [10] 4. Inverters - Most inverter companies have experienced profit growth, driven by the expanding energy storage market, with Sungrow reporting a net profit of 11.8 billion yuan [14] - However, companies like Hemai and YN Energy faced losses due to weak demand in the European residential market [12][14] 5. Auxiliary Materials - The auxiliary materials sector, particularly the film industry, faced a challenging period in Q3, but prices have started to recover, indicating a potential turnaround [15][16] - Foster's overseas market share has increased significantly, contributing to its revenue growth [16] 6. Photovoltaic Equipment - Overall profits in the photovoltaic equipment sector are declining, but many companies still maintain good profitability [18] - Companies like Jiejia Weichuang and Maiwei are actively expanding into overseas markets, which is becoming a new growth point [19] Key Recognitions from Q3 Reports - The darkest period for the photovoltaic industry appears to be over, with most companies showing improved performance [22] - The demand for energy storage has exceeded expectations, with significant growth projected for the global storage market [23][25] - The residential market is showing signs of weakness, prompting companies to shift focus towards commercial markets [26][27] - Leading companies are beginning to demonstrate robust operational performance, indicating a shift towards a more competitive landscape [28][29] - New technologies that align with the AI era are expected to gain traction, enhancing the commercial value of photovoltaic products [31]

森特股份海南乐东电厂超大曲面BIPV煤棚项目 ◎记者 白丽斐 李苑 从钢铁厂房屋顶到矿山光储充超充站，森特士兴集团股份有限公司（下称"森特股份"）正从一家专业的 金属围护系统提供商，逐步转型为BIPV（建筑光伏一体化）领域的领跑者。通过与传统能源、交通、 采矿等领域的深度融合，这家技术公司不断拓展着绿色能源的应用场景，并逐步构建起一条清晰的绿色 发展路径。 "在'双碳'战略目标下，建筑减碳成为重要课题，BIPV技术将成为实现这一目标的关键手段之一。"森特 股份董事长刘爱森近日在接受上海证券报记者采访时表示，BIPV追求将建筑和光伏完美融合，既保留 建筑的美学与功能价值，又能让建筑的每一寸空间都成为"绿电生产单元"。 BIPV技术和品牌双轮驱动 2021年3月，森特股份与隆基绿能深度"联姻"，双方以"隆基&森特"双品牌战略为引领，打造了隆基森 特BIPV系列产品，并不断更新迭代。今年上半年，全新升级的"隆基森特BIPV5.0"产品发布。 加速布局光储充一体化领域 在巩固BIPV主业的同时，森特股份正积极向智慧能源领域拓展，打造新的增长曲线。 光储充一体化成为其战略布局的重要方向。今年8月，森特股份与特来电新能源 ...

Group 1 - Longi Green Energy executed a block trade on November 5, with a transaction volume of 110,000 shares and a transaction amount of 2.1175 million yuan, at a price of 19.25 yuan, representing an 11.90% discount to the closing price of the day [2][3] - Over the past three months, Longi Green Energy has recorded a total of 8 block trades, with a cumulative transaction amount of 58.8496 million yuan [2] - The closing price of Longi Green Energy on the day of the block trade was 21.85 yuan, reflecting a 2.34% increase, with a turnover rate of 4.36% and a total trading volume of 7.153 billion yuan, alongside a net inflow of 358 million yuan from main funds [2] Group 2 - The latest margin financing balance for Longi Green Energy is 4.760 billion yuan, having increased by 355 million yuan over the past five days, marking an 8.06% growth [3] - In the past five days, five institutions have rated Longi Green Energy, with Huatai Securities providing the highest target price of 24.41 yuan as of November 3 [3]

Core Viewpoint - The electric equipment sector is leading the market with a net inflow of over 32.4 billion yuan, driven by strong demand for AI, ongoing policy support, and growth in overseas markets [1][4]. Group 1: Market Performance - The electric equipment sector (申万) increased by 3.40%, with a net inflow of 32.443 billion yuan, making it the top sector for capital absorption [2]. - Major stocks like 阳光电源 and 亿纬锂能 received significant capital inflows of 2.452 billion yuan and 1.342 billion yuan, ranking second and fifth in the A-share capital absorption list [1][2]. Group 2: ETF Performance - The green energy ETF (562010) saw a midday increase of 3.21%, closing up 2.61%, and has risen 39.13% since August, outperforming major indices like the创业板指 and沪深300 [2]. - Among the 50 constituent stocks, 44 saw gains, with 阿特斯 hitting the daily limit, and other stocks like 天合光能 and 亿纬锂能 also showing strong performance [2]. Group 3: Industry Drivers - Policy support emphasizes the acceleration of a new energy system and aims for carbon peak by 2030, benefiting leading companies like 宁德时代 and 阳光电源 [4]. - The photovoltaic industry is experiencing a recovery in profitability, with major companies planning to consolidate capacity to stabilize prices [4]. Group 4: Technological Advancements - Recent research from Tsinghua University has made breakthroughs in solid-state batteries, addressing challenges in fast charging and battery life [5]. Group 5: Long-term Outlook - The green energy sector is expected to have solid long-term growth driven by global energy investments shifting towards clean energy, with electrification and renewable resources shaping the future energy landscape [5][6].

Core Viewpoint - The Social Security Fund's latest holdings in A-shares reveal significant investment activity, with a total market value of approximately 552.72 billion yuan, reflecting an increase of about 49.81 billion yuan from the previous quarter [1]. Holdings Overview - As of the end of Q3 2025, the Social Security Fund was listed among the top ten shareholders in 622 A-share companies, with a total holding value of approximately 552.72 billion yuan, up from 502.91 billion yuan at the end of Q2 2025 [1]. - The fund initiated positions in 226 new stocks, increased holdings in 153 stocks, reduced holdings in 135 stocks, and maintained positions in 108 stocks [1][19]. Sector Allocation - The majority of the fund's holdings were concentrated in the banking sector, with a market value of 270.06 billion yuan, followed by the non-bank financial sector at approximately 63.04 billion yuan [1]. - The electronics sector, which was ranked sixth in holdings at the end of Q2, moved up to third place by the end of Q3, indicating a shift in investment focus [1]. Major Holdings - Among the 622 companies, 55 had a holding value exceeding 1 billion yuan, accounting for approximately 76.67% of the total holdings [2]. - The top five stocks with holdings exceeding 10 billion yuan were primarily financial stocks, including Agricultural Bank of China, Industrial and Commercial Bank of China, China Life Insurance, and Bank of Communications [2][3]. Performance Insights - The banking sector has shown strong performance in the first half of the year, with Agricultural Bank of China leading with a 38.23% increase [2]. - The Social Security Fund's holdings in the insurance sector saw an increase in shares for China Life Insurance, with a market value of 44.43 billion yuan, despite a slight decline in stock price since July [3]. New Energy Sector Focus - The fund has maintained a significant allocation to the new energy sector, particularly in lithium battery and photovoltaic companies, with 20 new energy companies having a market value exceeding 300 million yuan [9]. - Stocks such as Yiwei Lithium Energy and Sanyuan Electric have seen substantial price increases, with average gains of 45.92% since July [9]. Notable Stock Movements - The fund's adjustments included significant increases in holdings for companies like Guangxin Co., with a 277.97% increase in shares, reflecting a strategic focus on traditional industries [23]. - The fund's new investments included companies in the AI computing and lithium battery supply chain, with some stocks experiencing over 100% price increases since July [13].