海光信息最新一期业绩显示，截至2025一季报，公司营业总收入24.00亿元、同比增长50.76%，归属净 利润5.06亿元，同比增长75.33%，扣非净利润4.42亿元，同比增长62.63%，流动比率3.266、速动比率 2.336、资产负债率24.56%。 天眼查商业履历信息显示，海光信息技术股份有限公司，成立于2014年，位于天津市，是一家以从事计 算机、通信和其他电子设备制造业为主的企业。企业注册资本232433.8091万人民币，实缴资本 232433.8091万人民币。公司法定代表人为沙超群。 金融界消息 截至2025年8月1日收盘，海光信息（688041）报收于137.75元，下跌1.04%，换手率 2.54%，成交量22.55万手，成交金额31.52亿元。 资金流向方面，今日主力资金净流出2327.12万元，占比成交额0.74%。其中，超大单净流入9491.78万 元、占成交额3.01%，大单净流出11818.91万元、占成交额3.75%，中单净流出流出3202.87万元、占成 交额1.02%，小单净流入5529.99万元、占成交额1.75%。 通过天眼查大数据分析，海光信息技术股份有限公司共对 ...

Summary of Key Points Group 1: Unlocking Scale and Impact - In August, 112 listed companies in A-shares will face unlocking, with a total market value of 517.205 billion yuan, significantly higher than the unlocking values of June and July, which did not exceed 290 billion yuan [1][2] - The unlocking value in August is the highest for the remaining months of the year, with September, October, November, and December estimated at approximately 284.1 billion yuan, 364.6 billion yuan, 148.3 billion yuan, and 384.2 billion yuan respectively [1] - The major contributor to the unlocking scale is Haiguang Information, with an unlocking value of 198.054 billion yuan, accounting for 38.3% of the total unlocking value for the month [1][2] Group 2: Significant Companies and Their Unlocking Values - Among the 112 companies, 50 have unlocking values exceeding 1 billion yuan, with Haiguang Information, Runze Technology, and United Imaging Medical leading the way [2] - The total unlocking value of the top seven companies, including Xugong Machinery and Dazhu CNC, exceeds 366.6 billion yuan, representing 70.88% of the total unlocking for August [2] - Xugong Machinery has the highest unlocking quantity at 3.569 billion shares, which is 30.37% of its total share capital, with a current unlocking yield of 68.7% [2][3] Group 3: High Unlocking Ratios and Their Implications - A significant number of companies have a high proportion of unlocking shares, with 35 companies having unlocking ratios exceeding 30%, and 13 companies exceeding 60% [3] - Dazhu CNC has the highest unlocking ratio at 84.39%, followed by Hualan Vaccine at 76.37% [3] - Haiguang Information's unlocking includes 1.438 billion shares, which is 61.85% of its total share capital, marking the first unlocking of original shareholders' restricted shares since its IPO [3] Group 4: Performance of Specific Stocks - Kema Technology has the highest unlocking yield at 575.5%, with a total unlocking of 86.5827 million shares valued at 4.679 billion yuan [4] - Other semiconductor companies like GeKongwei and Jiangbolong also have unlocking values exceeding 10 billion yuan, with Jiangbolong unlocking 1.55 billion shares valued at 13.6 billion yuan [4] - The unlocking of shares from strategic placement shareholders in Kema Technology includes significant holdings from companies like Zhongwei and Tuojing Technology [4] Group 5: Trends in Financing and Market Performance - Among the 18 stocks with unlocking shares from private placements, 14 have positive yields, with Runze Technology, Leshan Power, and Nanya New Materials leading with yields of 384.56%, 170.06%, and 215.27% respectively [6] - Runze Technology's stock price has increased by 114% since 2022, with a significant unlocking of 1.075 billion shares valued at 51.8 billion yuan [6] - The semiconductor sector is experiencing heightened interest, with several companies seeing substantial stock price increases due to market trends [6][7]

Group 1 - The core index of the digital economy, the CSI Digital Economy Theme Index, has shown a slight decline of 0.66% recently, closing at 1192.06 points with a trading volume of 79.724 billion yuan [1] - Over the past month, the CSI Digital Economy Theme Index has increased by 2.75%, while it has risen by 2.83% over the last three months and 2.80% year-to-date [1] - The index comprises companies involved in digital economy infrastructure and high digitalization application fields, reflecting the overall performance of listed companies in the digital economy sector [1] Group 2 - The top ten weighted companies in the CSI Digital Economy Theme Index include Dongfang Wealth (10.35%), SMIC (6.26%), Cambricon (5.13%), Northern Huachuang (5.09%), Haiguang Information (4.57%), Huichuan Technology (4.27%), iFlytek (4.01%), Hikvision (3.84%), OmniVision Technologies (3.63%), and Zhongke Shuguang (3.55%) [1] - The market capitalization distribution of the index shows that the Shanghai Stock Exchange accounts for 50.61%, while the Shenzhen Stock Exchange accounts for 49.39% [1] Group 3 - In terms of industry composition, the CSI Digital Economy Theme Index has a significant allocation to information technology at 78.11%, followed by finance at 10.35%, industry at 5.89%, communication services at 3.84%, and consumer discretionary at 1.81% [2] - The index samples are adjusted biannually, with adjustments occurring on the next trading day after the second Friday of June and December each year [2] - Public funds tracking the digital economy include Pengyang CSI Digital Economy Theme Link A, Pengyang CSI Digital Economy Theme Link C, Huaan CSI Digital Economy Theme Link A, Huaan CSI Digital Economy Theme Link C, Huaan CSI Digital Economy Theme ETF, and Pengyang CSI Digital Economy Theme ETF [2]

金十图示：2025年08月01日（周五）富时中国A50指数成分股今日收盘行情一览：银行股走势分化，石油、证券、医药股走软 富时中国A50指数连续 光大银行 2392.96亿市值 6.38亿成交额 4.05 0.00(0.00%) 保险 中国太保 中国平安 中国人保 机械 3608.68亿市值 3569.15亿市值 10598.36亿市值 9.02亿成交额 28.60亿成交额 6.15亿成交额 58.20 37.10 8.16 -0.36(-0.96%) -0.49(-0.83%) -0.02(-0.24%) 酿酒行业 贵州茅台 山西汾酒 五粮液 17800.32亿市值 2182.64亿市值 4696.75亿市值 42.01亿成交额 9.39亿成交额 14.91亿成交额 1417.00 178.91 121.00 -4.67(-0.33%) -0.09(-0.05%) -0.15(-0.12%) 半导体 海光信息 北方华创 寒武纪-U HYGON 2379.85亿市值 2882.85亿市值 3201.78亿市值 49.98亿成交额 18.35亿成交额 31.52亿成交额 329.80 689.10 137.75 ...

-0.02(-0.35%) +0.09(+0.80%) +0.03(+0.37%) 光大银行 2392.96亿市值 3.88亿成交额 4.05 0.00(0.00%) 得經 中国太保 中国平安 中国人保 0 3626.37亿市值 10660.27亿市值 3615.32亿市值 4.24亿成交额 13.91亿成交额 3.56亿成交额 58.54 37.58 8.20 +0.12(+0.32%) -0.15(-0.26%) +0.02(+0.24%) 酿酒行业 贵州茅台 山西汾酒 五粮液 17807.86亿市值 2176.17亿市值 4692.86亿市值 25.26亿成交额 8.45亿成交额 5.58亿成交额 1417.60 178.38 120.90 -0.62(-0.35%) -4.07(-0.29%) -0.25(-0.21%) 半导体 北方华创 寒武纪-U 海光信息 HYGON 2381.29亿市值 2907.41亿市值 3220.14亿市值 12.26亿成交额 30.95亿成交额 21.51亿成交额 138.54 330.00 694.97 -5.20(-1.55%) -14.53(-2.05%) -0. ...

科创创业ETF（588360）业绩比较基准为中证科创创业50指数收益率，管理人为国泰基金管理有限公 司，基金经理为黄岳，成立（2021-06-29）以来回报为-33.50%，近一个月回报为9.17%。 来源：新浪基金∞工作室 8月1日，科创创业ETF（588360）开盘跌0.30%，报0.663元。科创创业ETF（588360）重仓股方面，宁 德时代开盘涨0.07%，中芯国际跌0.34%，迈瑞医疗跌0.09%，海光信息涨0.36%，中际旭创跌2.34%，新 易盛跌2.15%，寒武纪跌1.34%，汇川技术涨0.14%，阳光电源涨0.04%，澜起科技涨0.09%。 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。 ...

Summary of Key Points Core Viewpoint - In August 2025, a total of 123 companies in the A-share market will have their restricted shares unlocked, with a total unlocking volume of approximately 16.056 billion shares and an unlocking scale of 536.485 billion yuan, representing a month-on-month increase of about 97.79% and a year-on-year increase of about 61.67% [1][9]. Company-Specific Summaries - **Haiguang Information**: The company will have 1.438 billion shares unlocked on August 12, with an unlocking market value of approximately 201.936 billion yuan, accounting for 61.86% of its total share capital [4][9]. - **Runze Technology**: On August 8, the company will unlock 1.014 billion shares, with significant shareholders including Beijing-Tianjin-Hebei Runze Digital Information Co., Ltd. and others [9]. - **Union Medical**: The company will have 231 million shares unlocked, representing 28.01% of its total share capital, with an unlocking market value of approximately 31.63 billion yuan [9]. Industry-Specific Summaries - **Industry Distribution**: The electronic, mechanical equipment, and communication industries have the highest unlocking market values, with Haiguang Information, Jiangbolong, and GeKowei leading in the electronic sector, while Xugong Machinery and Dazhu CNC are prominent in the mechanical equipment sector [1][9]. - **Anniversary Unlocking**: Nine companies will celebrate their listing anniversary with a total unlocking volume of approximately 408 million shares and a market value of about 17.131 billion yuan, with Kema Technology leading at approximately 4.693 billion yuan [12][13].

Summary of Key Points Core Viewpoint - In August 2025, a total of 123 companies in the A-share market will face the unlocking of restricted shares, amounting to approximately 16.056 billion shares with a total market value of 536.485 billion yuan, representing a month-on-month increase of about 97.79% and a year-on-year increase of about 61.67% [1][2]. Company-Specific Summaries - Haiguang Information has the largest unlocking scale, with a market value exceeding 200 billion yuan, specifically 201.936 billion yuan, which accounts for 61.86% of its total share capital [5][10]. - Runze Technology will have 1.014 billion shares unlocked, with a market value of approximately 49.724 billion yuan, representing 62.05% of its total share capital [10]. - United Imaging Healthcare ranks third with an unlocking of 231 million shares, valued at approximately 31.630 billion yuan, which is 28.01% of its total share capital [10]. - Other notable companies with significant unlocking include Xugong Machinery and Dazhu CNC, both having a high percentage of their total share capital unlocked [10]. Industry-Specific Summaries - The electronic, mechanical equipment, and communication industries have the highest unlocking market values, with Haiguang Information, Jiangbolong, and Gekowei leading in the electronic sector [11]. - In the mechanical equipment sector, Xugong Machinery and Dazhu CNC have substantial unlocking values [11]. - A total of 9 companies will have anniversary unlockings in August, with a combined unlocking volume of approximately 408 million shares and a market value of about 17.131 billion yuan, led by Kema Technology [15][16].

Group 1: Macro Data Insights - In July, economic data showed a mixed trend, with industrial value-added maintaining stability, while retail sales growth slowed down, particularly in the home appliance and communication sectors [4][17] - Investment in infrastructure, real estate, and manufacturing saw a decline compared to the previous month, with CPI remaining low and PPI continuing negative growth [4][17] - Financial data indicated insufficient demand for real economy financing, despite growth in social financing stock supported by government bond issuance [4][17] Group 2: Policy Insights - July's macro policy focused on structural adjustments and industrial upgrades, emphasizing the need to regulate competition, optimize supply, and eliminate outdated production capacity [4][17] - These policy measures are expected to accelerate the clearing of the production capacity cycle and support price data recovery, laying a foundation for high-quality economic development [4][17] Group 3: Industry Allocation Recommendations - The market may face short-term technical adjustment pressure, but the medium-term upward trend remains intact, with a continued positive outlook on technological innovation and domestic consumption [4][17] - For August, it is recommended to focus on industries benefiting from medium to long-term policy support, particularly in sectors with lower emotional crowding, such as food and agricultural products [4][17] - The real estate sector is expected to gradually improve under policy guidance, while certain dividend assets like electricity, oil equipment, and transportation also warrant attention [4][17] Group 4: Monthly Stock Recommendations - The recommended stocks for August 2025 include: - 300207.SZ XINWANDA - 600109.SH GUOJIN SECURITIES - 688303.SH DAQUAN ENERGY - 002624.SZ PERFECT WORLD - 688122.SH WESTERN SUPERCONDUCTOR - 688041.SH HAIGUANG INFORMATION - 000988.SZ HUAGONG TECHNOLOGY - 603993.SH LUOYANG MOLYBDENUM - 000625.SZ CHANGAN AUTOMOBILE - 601233.SH TONGKUN CO., LTD [5][18][20] Group 5: Performance Review - In July 2025, the CSI 300 Index rose by 3.55%, while the ChiNext Index increased by 8.33%. The monthly stock combination achieved a return of 6.03%, outperforming the CSI 300 Index by 2.48 percentage points but underperforming the ChiNext Index by 2.31 percentage points [6][9][13] - The cumulative return of the monthly stock combination as of July 31, 2025, was 16.40%, surpassing the CSI 300 Index by 12.74 percentage points and the ChiNext Index by 7.44 percentage points [13][15] Group 6: Stock Valuation and Earnings Forecast - The earnings per share (EPS) and price-to-earnings (PE) ratios for the recommended stocks in August 2025 are as follows: - 300207.SZ XINWANDA: 2025 EPS 1.21, 2026 EPS 1.50, 2025 PE 17.86, 2026 PE 14.39 - 600109.SH GUOJIN SECURITIES: 2025 EPS 0.53, 2026 EPS 0.57, 2025 PE 17.64, 2026 PE 16.17 - 688303.SH DAQUAN ENERGY: 2025 EPS -0.22, 2026 EPS 0.76, 2025 PE -116.40, 2026 PE 34.13 - 002624.SZ PERFECT WORLD: 2025 EPS 0.38, 2026 EPS 0.76, 2025 PE 38.41, 2026 PE 19.20 - 688122.SH WESTERN SUPERCONDUCTOR: 2025 EPS 1.54, 2026 EPS 1.86, 2025 PE 35.32, 2026 PE 29.37 - 688041.SH HAIGUANG INFORMATION: 2025 EPS 1.35, 2026 EPS 1.94, 2025 PE 102.83, 2026 PE 71.83 - 000988.SZ HUAGONG TECHNOLOGY: 2025 EPS 1.70, 2026 EPS 2.14, 2025 PE 29.69, 2026 PE 23.58 - 603993.SH LUOYANG MOLYBDENUM: 2025 EPS 0.71, 2026 EPS 0.78, 2025 PE 12.51, 2026 PE 11.42 - 000625.SZ CHANGAN AUTOMOBILE: 2025 EPS 0.81, 2026 EPS 1.00, 2025 PE 15.96, 2026 PE 12.88 - 601233.SH TONGKUN CO., LTD: 2025 EPS 0.90, 2026 EPS 1.28, 2025 PE 13.70, 2026 PE 9.66 [21][22]

在会议现场，海光信息携手中国科学院高能物理研究所共同发布"基于DCU的科学大模型联合方案"，形 成以"海光DCU+高能所自研模型和自有科学大数据"为基础的科研协同攻关，双方发挥各自优势，依托 国产算力助力AI for Science研究。 经济观察网7月29日-31日，以"科学数据与可持续发展"为主题的第十届(2025)科学数据大会成功举办， 全面展示中国科学院自动化研究所、高能物理研究所、国家天文台等基于海光DCU打造的技术创新以 及科研创新、行业应用创新等生态成果，助力多学科加速智能化。 ...