Core Viewpoint - The A-share market is experiencing a strong performance in Google-related industry chain stocks, driven by Google's advancements in AI and potential challenges to Nvidia's chip dominance [1] Group 1: Stock Performance - Google-related stocks in the A-share market saw significant gains, with Dekoli hitting the daily limit up of 20%, Changxin Bochuang rising over 15%, and Guangku Technology increasing over 13% [1] - Other notable performers include Juguang Technology up over 12%, Lingyun Optical up over 11%, and Tengjing Technology up over 8% [1] Group 2: Market News - Google is reportedly leveraging its latest breakthroughs in AI models to challenge Nvidia's market position [1] - Meta is considering a multi-billion dollar investment in Google's TPU for its data center development, which could allow Google to capture 10% of Nvidia's annual revenue, translating to billions in new income [1] Group 3: Industry Analysis - According to a report from Zhongtai Securities, Google is building a strong AI moat through a complete technology ecosystem that includes chips (TPU), networks (OCS), models (Gemini), and applications (cloud computing/search/advertising) [1] - The expected increase in TPU shipments, improved OCS penetration, and the ramp-up of 1.6T optical modules are anticipated to create significant growth opportunities for related hardware suppliers [1]

Core Insights - The optical and optoelectronic sector experienced a 1.7% increase on November 24, with Tengjing Technology leading the gains [1] - The Shanghai Composite Index closed at 3836.77, up 0.05%, while the Shenzhen Component Index closed at 12585.08, up 0.37% [1] Stock Performance - Tengjing Technology (688185) closed at 180.00, up 18.42%, with a trading volume of 201,200 shares and a transaction value of 3.372 billion [1] - Lianjian Optoelectronics (300269) saw a closing price of 5.81, up 10.88%, with a trading volume of 1,045,100 shares and a transaction value of 594 million [1] - Other notable performers include: - Nanji Guang (300940) at 25.67, up 8.68% [1] - Qianzhao Optoelectronics (300102) at 14.40, up 6.82% [1] - Fuying Technology (002222) at 43.40, up 6.37% [1] Capital Flow - The optical and optoelectronic sector saw a net inflow of 239 million from institutional investors, while retail investors experienced a net inflow of approximately 29.9 million [2] - Notable capital flows include: - Tengjing Technology with a net inflow of 77.44 million from institutional investors [3] - Lianjian Optoelectronics with a net inflow of 37.79 million from institutional investors [3] - Fuying Technology with a net inflow of 71.54 million from institutional investors [3]

11月24日上午，激光雷达板块表现活跃，最高涨幅一度达到2.0%。其中光库科技最高涨超17%，腾景科 技最高涨超15%，福晶科技、光迅科技、赛微电子等涨幅居前。截至午间收盘，板块整体涨幅震荡收窄 至0.61%。 ...

格隆汇11月24日｜A股市场谷歌OCS产业链股走强，其中，光库科技涨超17%，腾景科技涨超15%，德 科立涨超8%，长芯博创、赛微电子涨超7%。消息面上，Alphabet旗下谷歌(Google)上周二发布的最新版 人工智能(AI)模型Gemini 3，推出不久便横扫包括LMArena大模型竞技场榜首，并获业界好评。聊天机 器人ChatGPT开发商OpenAI行政总裁阿尔特曼曾发内部信预警称，Gemini致OpenAI面临严峻考验。 股票频道更多独家策划、专家专栏，免费查阅>>责任编辑：栎树 ...

MACD金叉信号形成，这些股涨势不错！ 格隆汇11月24日｜A股市场谷歌OCS产业链股走强，其中，光库科技涨超17%，腾景科技涨超15%，德 科立涨超8%，长芯博创、赛微电子涨超7%。消息面上，Alphabet旗下谷歌(Google)上周二发布的最新版 人工智能(AI)模型Gemini 3，推出不久便横扫包括LMArena大模型竞技场榜首，并获业界好评。聊天机 器人ChatGPT开发商OpenAI行政总裁阿尔特曼曾发内部信预警称，Gemini致OpenAI面临严峻考验。 ...

每经AI快讯，11月24日，CPO板块部分活跃，中富电路触及20CM涨停，光库科技、腾景科技、斯瑞新 材涨超10%。 （文章来源：每日经济新闻） ...

Group 1 - The core viewpoint of the news is that Tengjing Technology experienced a decline in stock price and significant trading activity, indicating potential volatility in the market [1] - On November 21, Tengjing Technology's stock fell by 3.55%, with a trading volume of 2.971 billion yuan. The net financing buy was -63.2585 million yuan, with a total financing balance of 753 million yuan, which is 3.83% of the circulating market value [1] - The company has a high financing balance, exceeding the 80th percentile of the past year, indicating elevated investor interest or risk [1] Group 2 - As of September 30, Tengjing Technology reported a total of 16,800 shareholders, an increase of 57.31% from the previous period, while the average circulating shares per person decreased by 36.43% [2] - For the period from January to September 2025, the company achieved operating revenue of 425 million yuan, a year-on-year increase of 28.11%, and a net profit attributable to shareholders of 63.8025 million yuan, up 15.00% year-on-year [2] - Since its A-share listing, Tengjing Technology has distributed a total of 91.1065 million yuan in dividends, with 52.9483 million yuan distributed over the past three years [3]

Market Overview - The Sci-Tech Innovation Board (科创板) index fell by 3.19%, closing at 1285.83 points, with a total trading volume of 4.022 billion shares and a turnover of 172.61 billion yuan, resulting in an average turnover rate of 2.09% [1] - Among the tradable stocks on the Sci-Tech Innovation Board, 33 stocks closed higher, with 3 stocks rising over 10%, while 559 stocks closed lower, with 12 stocks declining over 10% [1] Stock Performance - The stock with the highest turnover rate was C Hengkun, a new stock listed for 5 days, which saw a decline of 11.47% and a turnover rate of 46.22%, with a trading volume of 1.25 billion yuan and a net outflow of 13.49 million yuan [1] - Other notable stocks with high turnover rates included Yingfang Software, Qingyun Technology, and Tengjing Technology, with turnover rates of 15.29%, 14.95%, and 14.62% respectively [1] High Turnover Stocks - Among stocks with a turnover rate exceeding 5%, C Hengkun was noted as a new listing, while the top gainers included He Xin Instrument, Aike Saibo, and Dekeli, with increases of 20.00%, 13.31%, and 5.06% respectively [2] - The electronic industry had the highest representation among high turnover stocks, with 22 stocks, followed by the power equipment and computer sectors with 12 and 8 stocks respectively [2] Fund Flow Analysis - In terms of fund flow, 16 stocks experienced net inflows, with Dekeli, Woerde, and Yuanjie Technology receiving the most significant inflows of 110 million yuan, 95.93 million yuan, and 78.53 million yuan respectively [2] - Conversely, stocks with the largest net outflows included Rongbai Technology, Guo Dun Quantum, and Dongxin Co., with outflows of 383 million yuan, 350 million yuan, and 320 million yuan respectively [2] Leverage Fund Movements - Recent data indicated that 32 stocks received net purchases from leveraged funds, with Dongxin Co., Huafeng Technology, and Huasheng Lithium receiving the largest increases in financing balances of 332 million yuan, 260 million yuan, and 206 million yuan respectively [3] - Stocks that saw significant reductions in financing balances included Aters, Tengjing Technology, and Woerde, with decreases of 176 million yuan, 126 million yuan, and 122 million yuan respectively [3] Key Stocks on November 21 - A table of key stocks on the Sci-Tech Innovation Board highlighted C Hengkun with a closing price of 51.54 yuan and a daily decline of 11.47%, alongside other stocks like Yingfang Software and Qingyun Technology, which had notable turnover rates and net fund flows [4][5]

Core Insights - The optical optoelectronics sector experienced a slight increase of 0.02% on November 20, with Huaying Technology leading the gains [1] - The Shanghai Composite Index closed at 3931.05, down 0.4%, while the Shenzhen Component Index closed at 12980.82, down 0.76% [1] Stock Performance - Huaying Technology (000536) closed at 5.62, up 9.98% with a trading volume of 2.2441 million shares and a transaction value of 1.219 billion [1] - Tengjing Technology (688195) closed at 157.60, up 6.91% with a trading volume of 165,900 shares and a transaction value of 2.596 billion [1] - Qianzhao Optoelectronics (300102) closed at 14.02, up 3.09% with a trading volume of 609,200 shares and a transaction value of 854 million [1] - Other notable performers include Su Da Weige (300331) up 3.09%, Sanlipu (002876) up 2.75%, and Guangpu Co., Ltd. (300632) up 2.59% [1] Capital Flow - The optical optoelectronics sector saw a net outflow of 48.8138 million from institutional investors, while retail investors contributed a net inflow of 14.8856 million [2] - The sector's overall capital flow indicates a mixed sentiment, with institutional investors withdrawing funds while retail investors showed interest [2] Individual Stock Capital Flow - Huaying Technology had a net inflow of 46.6 million from institutional investors, but a net outflow of 16.5 million from speculative funds [3] - Su Da Weige experienced a net inflow of 55.2745 million from institutional investors, but significant outflows from both speculative and retail investors [3] - Qianzhao Optoelectronics had a net inflow of 42.9535 million from institutional investors, with a notable outflow from retail investors [3]

Group 1: New Stock Offerings - Tianpu Co., Ltd. (Stock Code: 605255) has a tender offer period from November 20, 2025, to December 19, 2025[1] - Hangzhou Steam Turbine Co., Ltd. (Stock Code: 200771) has a cash option declaration period from November 19, 2025, to November 25, 2025[1] - Central Plaza (Stock Code: 600280) announced on November 20, 2025[1] Group 2: Stock Performance Alerts - Moen Electric (Stock Code: 002451) reported severe abnormal fluctuations on November 14, 2025[1] - ST Yuancheng (Stock Code: 603388) reported severe abnormal fluctuations on November 11, 2025[1] - ST Keli Da (Stock Code: 603828) reported severe abnormal fluctuations on November 12, 2025[1] Group 3: Recent Announcements - Jiumuwang (Stock Code: 601566) announced on November 20, 2025[1] - Taiping Bird (Stock Code: 603877) announced on November 20, 2025[1] - Huaci Co., Ltd. (Stock Code: 001216) announced on November 20, 2025[1]