截至11月28日，市场融资余额合计2.46万亿元，较前一交易日增加14.84亿元，这已经是融资余额连续4 个交易日持续增加，其中，沪市融资余额12433.35亿元，较前一交易日增加1744.92万元；深市融资余额 12056.39亿元，较前一交易日增加14.28亿元；北交所融资余额75.27亿元，较前一交易日增加3884.00万 元。 证券时报·数据宝统计显示，具体到个股，11月28日共有1680只股获融资净买入，净买入金额在千万元 以上的有387只，其中20只融资净买入额超亿元。新易盛融资净买入额居首，当日净买入11.71亿元，其 次是中际旭创、香农芯创，融资净买入金额分别为8.60亿元、4.63亿元，融资净买入金额居前的还有德 明利、东山精密、永太科技等。 融资客大手笔净买入个股中，从最新融资余额占流通市值比例看，算术平均值为4.74%，融资余额占比 最高的是永太科技，该股最新融资余额16.64亿元，占流通市值的比例为8.02%，融资余额占比较高的还 有东材科技、香农芯创、东山精密，占比分别为7.20%、7.11%、6.75%。（数据宝） | | 业 | | | | | 属 | | --- | --- | ...

30 November 2025 | 10:14AM HKT Equity Research Foxconn Industrial Internet (601138.SS): ASIC and diversifying AI servers trend to drive growth ahead; 2028E introduced; Buy We reiterate our positive view on FII and expect the company's comprehensive AI servers offerings and global production sites to secure its leading market position and continue to benefit in the rising ASIC AI servers trend. FII's ASIC AI servers are across leading US CSPs and enterprises, with shipment contribution toward 30% of AI serve ...

资金面趋于谨慎，观望情绪浓厚 —— 量化市场追踪周报（2025W48） [Table_ReportTime] 2025 年 11 月 30 日 请阅读最后一页免责声明及信息披露 http://www.cindasc.com 1 8 证券研究报告 [Table_Author] 于明明 金融工程与金融产品 首席分析师 执业编号：S1500521070001 联系电话：+86 18616021459 邮 箱：yumingming@cindasc.com 吴彦锦 金融工程与金融产品 分析师 执业编号：S1500523090002 联系电话：+86 18616819227 邮 箱：wuyanjin@cindasc.com 周君睿 金融工程与金融产品 分析师 执业编号：S1500523110005 联系电话：+86 19821223545 邮 箱：zhoujunrui@cindasc.com [Table_Title] 量化市场追踪周报(2025W48)：资金面趋于谨慎， 观望情绪浓厚 [Table_ReportDate] 2025 年 11 月 30 日 [Table_Summary] ➢ 本周市场复盘：上证指数结束月 ...

英伟达反击"大空头"言论；百度新设两大AI部门。 DeepSeek开源首个奥数金牌水平的模型 11月27日晚，DeepSeek悄悄地在Hugging Face 上开源了一个新模型：DeepSeek-Math-V2。这是一个数学 方面的模型，也是目前行业首个达到IMO（国际奥林匹克数学竞赛）金牌水平且开源的模型。在同步发 布的技术论文中，DeepSeek表示，Math-V2的部分性能优于谷歌旗下的Gemini DeepThink，并展示了模 型在IMO-ProofBench基准以及近期数学竞赛上的表现。 点评:行业头部厂商的模型已经又迭代了一轮，11月，先是OpenAI发布了GPT-5.1，几天后xAI发布Grok 4.1，就在上周谷歌发布了Gemini 3系列引爆AI圈，"也该轮到DeepSeek出牌了"。不过，更受外界关注的 仍然是，DeepSeek的旗舰模型到底什么时候更新，行业期待"鲸鱼"的下一个动作。 前OpenAI 联创：AI规模扩展时代已终结 11 月 26 日，Safe Superintelligence（SSI）CEO伊利亚·苏茨克维（Ilya Sutskever）访谈在AI圈刷屏，这 次访谈 ...

智通财经11月30日讯（编辑 梓隆），本周（11月24日至28日），A股成交额再度下滑，周内日均成交额 1.74万亿元，较上周日均水平（1.87万亿元）减少近1281亿元，降幅近6.9%。同时，其周度日均成交额 规模创10月20日（至10月24日）当周以来近1个月新低。 具体个股来看，本周累计共有130股日均成交额在20亿元以上，略少于上周水平（139股）。其中，中际 旭创、新易盛、工业富联、阳光电源、蓝色光标5股获最近重点关注，日均成交额分别达231.44亿元、 173.18亿元、150.05亿元、115.17亿元。同时，胜宏科技、寒武纪、赛微电子、宁德时代、立讯精密、 香农芯创、航天发展等股周内成交额数据也居前。 注：A股近期周度日均成交额变动情况（截至11月28日收盘） | 序号 | 证券代码 | 证券简称 | 日均成交额 | 区间涨跌幅 | 总市值 | 申万往亚 | | --- | --- | --- | --- | --- | --- | --- | | | | | (亿元) | (%) | (1乙元) | | | | 300308.SZ | 中隔旭创 | 231.44 | 10.88 | 5716 ...

证券之星消息，11月28日消费电子板块较上一交易日上涨1.22%，昀冢科技领涨。当日上证指数报收于 3888.6，上涨0.34%。深证成指报收于12984.08，上涨0.85%。消费电子板块个股涨跌见下表： 从资金流向上来看，当日消费电子板块主力资金净流入10.05亿元，游资资金净流出9.93亿元，散户资金 净流出1173.15万元。消费电子板块个股资金流向见下表： | 代码 | 名称 | | 主力净流入(元) | 主力净占比 游资净流入 (元) | | 游资净占比 散户净流入 (元) | | 散户净占比 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 300115 | 长盈精密 | | 4.09亿 | 4.76% | -2.35 Z | -2.73% | -1.74 Z | -2.03% | | 002475 | 立讯精密 | | 2.77 Z | 5.00% | -1.15亿 | -2.07% | -1.62 Z | -2.93% | | 002241 | 歌尔股份 | | 2.28亿 | 5.63% | -8446.22万 | -2 ...

创业板人工智能ETF华夏（159381），跟踪创业板人工智能指数（970070.CNI），精准布局创业板 人工智能主业公司。光模块CPO权重占比超54%，同时覆盖国产软件+AI应用企业，具备较高弹性。其 中前三大权重股为中际旭创（24.78%）、新易盛（19.40%）、天孚通信（5.11%）。场内综合费率仅 0.20%，位居同类最低。场外联接（A类：025505；C类：025506） 5G通信ETF（515050）跟踪中证5G通信主题指数，最新规模超90亿元。深度聚焦英伟达、苹果、 华为产业链。前五大持仓股：中际旭创、新易盛、立讯精密、工业富联、兆易创新。相关ETF全称：华 夏中证5G通信主题ETF（515050），场外联接（A类：008086；C类：008087） 每日经济新闻 （责任编辑：张晓波 ） 【免责声明】本文仅代表作者本人观点，与和讯网无关。和讯网站对文中陈述、观点判断保持中立，不对所包含内容 的准确性、可靠性或完整性提供任何明示或暗示的保证。请读者仅作参考，并请自行承担全部责任。邮箱： news_center@staff.hexun.com 11月28日，AI算力产业链震荡剧烈。截至10:32， ...

Group 1 - The core viewpoint of the articles highlights the strong performance of the consumer electronics sector, particularly in the AI/AR market, which saw a significant year-on-year sales increase of 186% in Q3 2025 [1][2] - The consumer electronics ETF (561600) has shown a consistent upward trend, achieving a 1.14% increase and marking its fourth consecutive rise [1] - Major companies in the consumer electronics index, such as Longying Precision and Shunluo Electronics, have experienced notable stock price increases, with Longying Precision rising by 11.79% [1] Group 2 - CINNO Research reported that the AR market continues to grow, with sales surpassing 129,000 units, and one-piece AR glasses achieving a remarkable growth rate of 355% [1] - The top ten weighted stocks in the consumer electronics index account for 56.3% of the total index, indicating a concentration of market influence among leading firms [2] - Despite a slowdown in overall smartphone shipment growth, demand for storage chips and related materials remains strong, driven by AI-related needs [2]

Core Insights - The report highlights a positive growth trend in industrial enterprise profits for the first ten months of 2025, with a total profit of CNY 59,502.9 billion, reflecting a year-on-year increase of 1.9% [5][6] - The report emphasizes the impact of raw material prices on the profitability of industrial enterprises, indicating that these prices remain a significant drag on earnings [5][6] - A new consumption promotion plan issued by six ministries aims to optimize the supply structure of consumer goods by 2027, creating three trillion-level consumption sectors and ten hundred-billion-level consumption hotspots [8][9] Macroeconomic Overview - Industrial enterprises maintained a year-on-year profit growth, although the growth rate slowed by 1.3 percentage points compared to the previous three quarters [5] - In October, industrial profits saw a year-on-year decline of 5.5%, with a month-on-month drop of 27.1 percentage points [5] - The report notes that the mining sector's contribution to profits has been consistently low this year [5] Revenue and Cost Analysis - For the first ten months, industrial enterprises reported a revenue growth of 1.8%, with a slight decrease in revenue per hundred yuan of assets to CNY 74.5 [6] - Operating costs increased by 2.0%, with the profit margin remaining stable at 5.3% [6] - The report indicates that industrial production activities remain active, but pricing pressures persist, with PPI and production material PPI showing negative year-on-year growth [6][7] Consumption Promotion Plan - The plan aims for a significant optimization of the consumer goods supply structure by 2027, with a focus on new technologies and innovative business models [8][9] - It emphasizes the importance of matching supply with diverse consumer needs, including specific demographics such as children, students, and the elderly [10] - The report outlines the creation of new consumption scenarios and business formats, supported by a favorable development environment [11] Investment Recommendations - The report suggests focusing on companies related to employment, tourism, and cultural consumption, as well as those involved in sports events and creative industries [12]

Core Viewpoint - Industrial Fulian has significantly raised its share repurchase price limit to enhance market confidence, with the new limit set at 75 yuan per share, nearly tripling the previous limit of 19.36 yuan per share [1][2]. Share Repurchase Plan - The adjusted repurchase price limit is set at no more than 75 yuan per share, which is 150% of the average trading price over the last 30 trading days prior to the board's decision [2]. - The previous repurchase price limit was 19.36 yuan per share, marking an increase of approximately 287.4% [2]. - As of the announcement date, the company has repurchased 7.6974 million shares, accounting for 0.04% of the total share capital, with a total expenditure of about 147 million yuan [2]. Financial Performance - For the first three quarters of 2025, Industrial Fulian reported revenues exceeding 600 billion yuan and a net profit attributable to shareholders exceeding 22 billion yuan, nearing the full-year figures for 2024 [4]. - In Q3, the company achieved revenues over 240 billion yuan, with a year-on-year growth rate exceeding 40%, and net profit surpassing 10 billion yuan, marking the first time quarterly profits exceeded 10 billion yuan [5]. - The cloud computing business saw revenue growth of over 65% year-on-year, driven by the demand for AI cabinet products [5]. Client Base and Market Position - Industrial Fulian has a diverse client base, including major companies in cloud computing and AI chip sectors such as Amazon AWS, Microsoft, Google, Alibaba, Tencent, and NVIDIA [4]. - The company has reported a significant increase in contract liabilities, reaching 2.538 billion yuan, a year-on-year growth of over 605% [5]. Historical Share Repurchase - Since 2021, Industrial Fulian has conducted three rounds of share repurchases, with a total repurchase amount reaching 1.789 billion yuan [6].