中国基金报晨曦 9月4日下午，A股主要指数持续下探。 | 科创50跌超7%。主要成份股中，寒武纪跌超15%。 | | --- | | ( W | | 科创50(000688) | | | | --- | --- | --- | --- | --- | | | 09-04 14:37:42 | | | | | 1212.05 | 昨收 | 1306.48 | | 成交额 832.70亿 | | -94.43 | -7.23% 今开 | 1301.98 | | 成交量 14.08亿 | | 上涨 | 34 平盘 | 3 | | 下跌 552 | | 最高价 | 1304.05 市盈率 | 153.0 | | 近20日 14.54% | | 最低价 | 1211.02 市净率 | 5.35 | | 今年来 22.56% | | से स्थ | 五日 日K | | 周K 月K 更多 ◎ | | | 叠加 | | | | 成交 | | 1401.94 | | | 7.31% | 14:37 1211.69 0.13亿 | | | | | | 14:37 1212.10 0.21亿 | | | | | | 14:37 ...

中国基金报 晨曦 9 月 4 日下午， A 股主要指数持续下探。 | 全A | 涨 1110 平 133 | 跌 4182 A股成交额 | | | --- | --- | --- | --- | | | 序号 代码 | 现价 | 涨跌幅 | | = | 000001 上证指数 | 3734.20 -79.36 | -2.08% | | 2 | 399001 深证成指 | 11978.81-493.1{ -3.95% | | | 3 | 899050 北证50 | 1521.51 -29.94 -1.93% | | | 4 | 881001 万得全A | 5872.68 -188.01 -3.10% | | | 5 | 000688 科创20 | 1211.33 -95.15 -7.28% | | | 6 | 399006 创业板指 | 2744.03 -155.34 -5.36% | | | / | 000300 沪深300 | 4329.63 -130.2( -2.92% | | | 8 | 000905 中证500 | 6614.45 -254.01 -3.70% | | | മ | 000906 中证8 ...

科创50指数跌超6%，寒武纪跌超14%，海光信息跌超11%，拓荆科技跌超8%。 寒武纪跌超14%，海光信息跌超11%，拓荆科技跌超8%。 ...

格隆汇9月4日｜科创50指数午后跌超6%，寒武纪跌超13%，海光信息跌超11%，拓荆科技、澜起科技跌 超8%，中微公司、沪硅产业跌超7%。 | 代码 | 名称 | | 涨幅%↑ | 总市值 | 年初至今涨幅% | | --- | --- | --- | --- | --- | --- | | 688256 | 惠武纪-U | 1 | -13.99 | 5055亿 | 83.64 | | 688041 | 海米信息 | 1 | -11.17 | 4026亿 | 15.77 | | 688008 | 澜起科技 | t | -8.33 | 1181亿 | 52.63 | | 688072 | 拓荆科技 | 演 | -8.08 | 480亿 | 11.77 | | 688012 | 中微公司 | 1 | -7.97 | 1222亿 | 3.31 | | 688126 | 沪硅产业 | 中 | -7.63 | 552亿 | 6.75 | | 688082 | 盛美上海 | | -6.60 | 621亿 | 41.48 | | 688506 | 百利天恒 | 1 | -6.10 | 1544亿 | 100.80 | | ...

长盛电子信息产业混合A（080012）基金经理为杨秋鹏。 数据显示，长盛基金旗下1只基金重仓拓荆科技。长盛电子信息产业混合A（080012）二季度减持9990 股，持有股数19.3万股，占基金净值比例为3.1%，位居第九大重仓股。根据测算，今日浮亏损失约 191.65万元。 长盛电子信息产业混合A（080012）成立日期2012年3月27日，最新规模3.83亿。今年以来收益 25.79%，同类排名2715/8180；近一年收益55.03%，同类排名1983/7978；成立以来收益247.8%。 9月4日，拓荆科技跌5.32%，截至发稿，报176.57元/股，成交5.67亿元，换手率1.12%，总市值493.92亿 元。 资料显示，拓荆科技股份有限公司位于辽宁省沈阳市浑南区水家900号，成立日期2010年4月28日，上市 日期2022年4月20日，公司主营业务涉及高端半导体专用设备的研发、生产、销售和技术服务。主营业 务收入构成为：半导体专用设备96.47%，其他(补充)3.53%。 从基金十大重仓股角度 截至发稿，杨秋鹏累计任职时间3年46天，现任基金资产总规模11.83亿元，任职期间最佳基金回报 17.39 ...

Report Industry Investment Rating - Not provided in the given content Core Viewpoints of the Report - ETFs are becoming a "super hub" connecting the market and investors, and their development is a major trend. Analyzing the penetration of ETF holdings and trading helps understand the interaction between ETFs and corresponding stocks [1]. - The impact of ETFs on the equity market can be divided into four quadrants based on ETF持仓占比 and ETF成交占比, which reflect the holding and trading influence of ETFs on stocks respectively [2][10]. - ETFs show strong configuration and trading willingness in traditional industries such as banking, coal, and non - bank finance. Market preference may be shifting towards low - valuation, high - dividend sectors [2][3]. Summary by Relevant Catalogs I. ETF's Influence Mechanism on the Equity Market - The influence of ETFs on the equity market is divided into four scenarios according to the low/high of ETF持仓占比 and ETF成交占比: weak influence, stable ballast, high - active trader, and strong influence [2]. II. Industry Perspective - ETFs are actively traded and have a high持仓占比 in traditional industries like banking, coal, and non - bank finance. In August, the banking sector had a 20.55%成交占比 and 10.48%持仓占比; the coal sector had a 16.81%成交占比 and 11.11%持仓占比; the non - bank finance sector had an 11.60%成交占比 and 11.76%持仓占比 [2]. - From July to August, the trading activity and持仓占比 of ETFs in cyclical industries such as coal, banking, and petroleum and petrochemicals increased significantly, while those in technology - growth sectors like electronics and computers decreased, possibly due to market style switching [3]. III. Individual Stock Perspective - Among the top 30 stocks in terms of ETF持仓, ETFs have a high degree of pricing power as the ETF持仓占 their free - float market value exceeds 10%, and stock price fluctuations are highly correlated with ETF redemptions and position adjustments [11]. - The stocks with high ETF持仓 are concentrated in industries, mainly in the semiconductor industry chain, followed by the pharmaceutical and biological industry, and also include some new energy, artificial intelligence, and software stocks [12]. - The market capitalization of stocks heavily held by ETFs varies widely, covering large - cap giants and medium - sized growth companies. These stocks are mostly leading companies in niche industries and are favored by ETFs, especially those from the Science and Technology Innovation Board [13].

9月2日，拓荆科技跌5.14%，截至发稿，报186.39元/股，成交8.32亿元，换手率1.56%，总市值521.39亿 元。 资料显示，拓荆科技股份有限公司位于辽宁省沈阳市浑南区水家900号，成立日期2010年4月28日，上市 日期2022年4月20日，公司主营业务涉及高端半导体专用设备的研发、生产、销售和技术服务。主营业 务收入构成为：半导体专用设备96.47%，其他(补充)3.53%。 从基金十大重仓股角度 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。 数据显示，长城基金旗下1只基金重仓拓荆科技。长城科创两年定开混合A（506008）二季度持有股数 4.47万股，占基金净值比例为3.03%，位居第十大重仓股。根据测算，今日浮亏损失约45.14万元。 责任编辑：小浪快报 长城科创两年定开混合A（506008）基金经理为赵凤飞。 截至发稿，赵凤飞累计任职时间7年181天，现任基金资产总规模8.99亿元，任职期间最佳基金回报 50.42%， 任职期间最差基金回报-5.3 ...

Group 1: Company Analysis - Weichai Power - Weichai Power's 2025 interim report shows significant growth in data center large-capacity engines, with nearly 600 units sold, representing a 491% year-on-year increase [4] - The company's AIDC business is rapidly developing, and the KION logistics equipment business is expected to improve profitability after management optimization [2][4] - Weichai Power's revenue for the first half of 2025 was CNY 1131.5 billion, a slight increase of 0.6% year-on-year, while net profit attributable to shareholders was CNY 56.4 billion, down 4.4% year-on-year [3][4] Group 2: Company Analysis - Tuojing Technology - Tuojing Technology's advanced process verification equipment has successfully passed customer certification and is gradually entering the mass production phase, leading to a significant improvement in profitability [13][14] - The company's revenue for the first half of 2025 reached CNY 1.954 billion, a year-on-year increase of 54.25%, with a net profit of CNY 38.18 million, up 91.35% year-on-year [14] - The sales gross margin for Q2 2025 was 38.82%, indicating a clear upward trend in profitability [14] Group 3: Company Analysis - Iwu Biological - Iwu Biological's core product, dust mite drops, is steadily growing, while the new product, Artemisia annua drops, is rapidly gaining market share [17][18] - The company reported a revenue of CNY 484 million for the first half of 2025, a year-on-year increase of 12.81%, and a net profit of CNY 177 million, up 18.61% year-on-year [17][18] - The company is focusing on new research directions, including stem cells and natural medicines, which may enhance its growth potential [18] Group 4: Industry Analysis - Textile and Apparel - The textile and apparel industry faces significant operational challenges, with A-share apparel revenue declining in Q2, although some companies are showing strong performance [7][10] - The retail sales of clothing and accessories in China showed a year-on-year increase of 1.8% in July, indicating a slight recovery in consumer demand [9] - The export of textiles and garments from China saw a year-on-year decline of 0.3% in July, with garment exports weakening [9][11]

Core Viewpoint - The performance of Tuojing Technology has shown significant fluctuations in stock trading and financing activities, indicating a high level of investor interest and potential volatility in the semiconductor equipment sector [1][2]. Financing Activities - On August 29, Tuojing Technology experienced a stock price decline of 3.16% with a trading volume of 1.384 billion yuan. The financing buy-in amount for the day was 198 million yuan, while the financing repayment was 169 million yuan, resulting in a net financing buy-in of approximately 29.01 million yuan [1]. - As of August 29, the total financing and securities lending balance for Tuojing Technology was 1.036 billion yuan, with the financing balance accounting for 1.93% of the circulating market value, indicating a high level compared to the past year [1]. - In terms of securities lending, on August 29, Tuojing Technology repaid 900 shares and sold 561 shares, with a selling amount of approximately 106,600 yuan. The remaining securities lending volume was 57,200 shares, with a balance of approximately 10.87 million yuan, also indicating a high level compared to the past year [1]. Company Performance - As of June 30, Tuojing Technology had 14,100 shareholders, a decrease of 4.69% from the previous period. The average number of circulating shares per person increased by 89.04% to 19,794 shares [2]. - For the first half of 2025, Tuojing Technology reported a revenue of 1.954 billion yuan, representing a year-on-year growth of 54.25%. However, the net profit attributable to shareholders decreased by 26.96% to approximately 94.29 million yuan [2]. - Since its A-share listing, Tuojing Technology has distributed a total of 174 million yuan in dividends [2]. Institutional Holdings - As of June 30, 2025, among the top ten circulating shareholders of Tuojing Technology, the Huaxia SSE Sci-Tech Innovation Board 50 ETF ranked as the fourth largest shareholder with 7.7938 million shares, a decrease of 80,200 shares from the previous period. The Hong Kong Central Clearing Limited was the fifth largest shareholder with 6.8277 million shares, an increase of 1.1926 million shares [2]. - The E Fund SSE Sci-Tech Innovation Board 50 ETF ranked sixth with 5.7902 million shares, an increase of 192,500 shares. The Noan Growth Mixed A ranked seventh with 4.5488 million shares, a decrease of 184,700 shares. The Jiashi SSE Sci-Tech Innovation Board Chip ETF ranked ninth with 3.3219 million shares, an increase of 319,800 shares [2].

Core Viewpoint - The company reported a significant increase in revenue for the first half of 2025, driven by the successful mass production of advanced process verification equipment, although net profit saw a decline due to high costs associated with new product validation [4][5][6]. Financial Performance - The company achieved an operating revenue of 1.954 billion, representing a year-on-year growth of 54.25% [4]. - The net profit attributable to shareholders was 94 million, a decrease of 26.96% year-on-year, while the net profit excluding non-recurring items was 38 million, showing a substantial increase of 91.35% [4]. Production and Market Expansion - The company’s advanced process verification equipment has successfully passed customer certification and is entering mass production, contributing to rapid revenue growth [5]. - The company is optimizing its customer structure, maintaining strong partnerships with leading domestic wafer manufacturers while successfully onboarding new clients, which has increased market penetration [5]. - As of the end of the first half of 2025, contract liabilities reached 4.536 billion, a growth of 52.07% compared to the end of 2024, indicating a solid foundation for future revenue growth [5]. Profitability Trends - The decline in net profit for the first half of 2025 was primarily due to a significant drop in Q1, attributed to high costs and low gross margins during the customer validation of new products and processes [6]. - However, the company saw a recovery in Q2, with net profit reaching 241 million, a year-on-year increase of 103.37%, and a sequential increase of 388 million from Q1, indicating a notable improvement in performance [6].