Core Viewpoint - The article highlights the performance and market dynamics of the Kexin AI ETF (588790), emphasizing its recent growth and the broader implications of China's economic transition towards technology innovation and artificial intelligence [3][5]. Group 1: ETF Performance - As of September 1, 2025, Kexin AI ETF has decreased by 1.05%, with a latest price of 0.86 yuan. However, it has seen a cumulative increase of 8.77% over the past week as of August 29, 2025 [3]. - The Kexin AI ETF's latest scale reached 9.072 billion yuan, marking a new high since its inception, ranking it first among comparable funds [5]. - The ETF has experienced a significant increase in shares, with a growth of 1.557 billion shares over the past week, also ranking first among comparable funds [5]. Group 2: Market Activity and Liquidity - The Kexin AI ETF recorded a trading volume of 701 million yuan, with an average daily trading volume of 1.460 billion yuan over the past week, ranking first among comparable funds [4]. - The ETF has seen continuous net inflows over the past three days, with a peak single-day net inflow of 758 million yuan, totaling 1.361 billion yuan, averaging 454 million yuan in daily net inflows [5]. Group 3: Company Performance - Cambrian Technology reported a significant increase in revenue for the first half of 2025, achieving 2.881 billion yuan, a year-on-year increase of 4,347.82%, and a net profit of 1.038 billion yuan, marking a turnaround from losses [4]. - The shift in market focus from traditional consumption to technology innovation is highlighted, with sectors like semiconductors and artificial intelligence becoming key growth drivers [5]. Group 4: Investment Metrics - As of August 29, 2025, the Kexin AI ETF has seen a net value increase of 26.22% over the past six months, ranking 491 out of 3,559 index equity funds, placing it in the top 13.80% [6]. - The ETF's management fee is 0.50% and the custody fee is 0.10%, which are relatively low compared to comparable funds [7]. - The tracking error for the Kexin AI ETF over the past two months is 0.010%, indicating the highest tracking precision among comparable funds [8].

声明：文章观点仅为热点分析，观点仅供参考，不构成任何操作建议。 来源: 作者: | 最高: 27.28 | 今开:25.11 | 涨停: 27.28 | 成交量: 73.57万手 | | --- | --- | --- | --- | | 最低:24.80 | 昨收:24.80 | 跌停: 22.32 | 成交额:19.65亿 | | 量比: 1.59 | 换手:10.37% | 市盈率(动)：亏损 | 市盈率(TTM): 499.83 | | 委比: 100.00% | 振幅:10.00% | 市盈率(静): 23.30 | 市净率:2.04 | | 每股收益:0.05 | 股息(TTM): 0.47 | 总股本:8.14亿 | 总市值:222.01亿 | | 每股净资产:13.38 | 股息率(TTM): 1.72% | 流通股: 7.10亿 | 流通值: 193.63亿 | | 52周最高: 27.28 | 52周最低: 11.40 | 注册制:否 | 货币单位: CNY | 宁波华翔，公司专注于中高档乘用车零部件业务，通过"自身研发+合资并购"的方式，推动产品朝着轻量化、安全化、智能化和模块化方向发展 ...

科创板人工智能指数成分股涨跌不一，上涨方面，云从科技-UW涨超3%，虹软科技、亚信安全、云天 励飞-U、安路科技等股票跟涨；下跌方面，寒武纪跌超6%，航天宏图、福昕软件、奇安信-U等股票跟 跌。 其他相关ETF中，科创100指数ETF（588030）震荡上涨超1%，成交额超4亿元。截至8月29日，今年以 来累计上涨超46%。 2025年8月29日阿里巴巴发布2025财年Q1财报：总收入2476.52亿元（同比增2%，剔除特定已处置业务 同口径增10%），净利润423.82亿元（同比大增76%）。战略上聚焦于"AI+云"与大消费，"AI+云"Capex 投资达386亿元，受英伟达H20芯片禁用下国产芯片适配需求增长利好。 今日（9月1日），A股三大指数高开高走，科技股再度走强，科创AIETF(588790)快速冲高超2%后回 落，成交额超5亿元，交投活跃。拉长时间看，截至8月29日，科创AIETF今年以来累计上涨超71%，近 5个交易日内有4日资金净流入，合计"吸金"超16亿元。 消息面上，高盛称，寒武纪宣布的二季度业绩强劲，保持对公司的积极看法，上调12个月目标价14.7% 至2104元。分析师Verena ...

高盛时隔一周左右第二次上调寒武纪目标价。 在寒武纪（688256.SH）成为资本市场关注焦点之际，高盛时隔一周左右第二次上调寒武纪目标价至 2104元。而寒武纪的"股王"之位坐得并不稳，9月1日早盘股价下跌，再度落后于贵州茅台 （600519.SH）。 9月1日，高盛又发布了一篇关于寒武纪的研报，维持对寒武纪的乐观看法，并将12个月目标价上调 14.7%至2104元人民币。2030年预期EBITDA提高8%，2030年预期目标企业价值/EBITDA倍数提高6%。 高盛在报告中指出，上调盈利预测主要基于两方面因素：一是AI芯片出货量增加，反映中国云资本支 出在AI基础设施投资中的增长、支持性政府政策以及本地芯片组在推理趋势中的崛起；二是寒武纪营 收规模扩大和运营效率提升带来的运营支出比率改善。 同时，高盛将寒武纪2025年～2030年的净收入预测上调，其中今年预测上调34%，为后续几年最高的比 例。 8月26日晚间，寒武纪发布2025年中报，上半年营业收入28.81亿元，同比增长4347.82%；净利润10.38 亿元，实现扭亏为盈。在股价上涨之后，28日晚间，寒武纪发布公告称，股价涨幅超过大部分同行业公 司股 ...

牛市来了还没上车？上天天基金APP搜索777注册即可领500元券包，优选基金10元起投！限量发放！先到先得！ 今日早盘，A股市场延续强势表现，沪指盘中最高触及3879.05点，逼近前期高点。截至午间休市，上证指数报3862.65点，涨0.12%；深证成指、创业板指 分别涨0.11%和0.55%。 A股主要股指早盘表现 贵金属板块早盘大幅走强，西部黄金涨停。消息面上，在高位震荡接近半年后，国际金价近期再度拉升，北京时间今日上午，COMEX黄金主力合约最高 触及3552美元/盎司，再创历史新高；伦敦现货黄金价格触及3486美元/盎司，距离4月22日3500美元的历史高点也仅一步之遥。 AI算力板块早盘分化，旋极信息、利扬芯片等多只个股涨停，寒武纪下探回升跌近3%。 9月1日，港股高开高走。截至午盘，恒生指数报25520.45点，涨1.77%；恒生科技指数报5775.01点，涨1.77%。阿里巴巴-W港股盘中涨近19%，半日成交额 接近400亿港元。中银香港盘中涨超8%，股价创历史新高，最新市值约为4000亿港元。比亚迪股份、招商银行、快手-W跌幅靠前。 金价再创历史新高 A股贵金属板块领涨 北京时间今日上午，CO ...

3 2025 年 09 月 01 日 国产未来 10 年 AI 战略蓝图已现，国产 AI 算力 基建实现重大突破 推荐(维持) 投资要点 相关研究 1、《电子行业周报：DeepSeek 正式 发布新模型 V3.1，英伟达暂停 H20 芯片生产》2025-08-25 2、《电子行业周报：高端 AI 芯片 国产化势在必行，覆铜板厂商涨价 反映 PCB 产业链景气度高企》2025- 08-18 3、《电子行业周报：中芯国际发布 二季度财报，OpenAI 发布 GPT5》 分析师：吕卓阳 S1050523060001 lvzy@cfsc.com.cn 行业相对表现 表现 1M 3M 12M 电子(申万) 24.0 44.8 88.3 沪深 300 8.3 17.1 35.4 市场表现 0 20 40 60 80 100 120 (%) 电子 沪深300 资料来源：Wind，华鑫证券研究 2025-08-11 ▌上周回顾 8 月 25 日- 8 月 29 日当周，申万一级行业涨跌呈分化的态 势。其中电子行业上涨 6.28%，位列第 3 位。估值前三的行 业为计算机、国防军工、电子，电子行业市盈率为 70.91。 电子行 ...

Group 1 - The core viewpoint of the article highlights the emergence of new strong contenders in the stock market, specifically mentioning that Hanwujing's stock price has surpassed Moutai, claiming the title of the stock king [1] - The article reflects on the historical context of stock market leaders, noting that many have come and gone over the past 20 years, suggesting a cyclical nature of stock performance [1] - The performance of Hanwujing evokes memories of the so-called "Moutai curse," indicating a skepticism about the sustainability of its current success [1]

Market Overview - The A-share market continued to rise, with the Shenzhen Composite Index breaking through 12,800 points, reaching a three-year high [1][3] - Gold concept stocks experienced significant gains, with the sector's index rising nearly 4% [4] Individual Stocks - Kweichow Moutai's stock price surpassed Cambricon Technologies, reclaiming its position as the highest-priced stock in the A-share market [2][6] - The financing balance of A-shares reached 22,454.72 billion yuan, a new high in nearly 10 years, just 211.63 billion yuan short of the historical peak [2] Sector Performance - Among the sectors, comprehensive, non-ferrous metals, telecommunications, pharmaceutical biology, and retail showed the highest gains, while defense and non-bank financial sectors lagged [3] Gold Market Dynamics - Domestic gold futures prices surged, exceeding 800 yuan per gram, with an increase of over 2% [5] - Gold mining companies reported significant revenue and profit growth due to high gold prices, while downstream jewelry companies showed mixed results [5] Corporate Announcements - Kweichow Moutai announced a share buyback plan, intending to repurchase between 3 billion yuan and 3.3 billion yuan worth of shares within six months [9] - Cambricon Technologies issued a risk warning regarding its stock price and projected annual revenue of 5 billion to 7 billion yuan for 2025 [9] Hong Kong Market - The Hong Kong market also saw an upward trend, with the Hang Seng Index rising over 2% [10] - Alibaba's stock surged, with an intraday increase of over 18% [11] Medical Sector Highlights - MicroPort Medical announced significant clinical trial results for its Firehawk® stent, which could change treatment protocols for acute myocardial infarction patients [12][13]

数据显示，截至8月29日，A股市场融资余额报22454.72亿元，融券余额报158.77亿元，8月融资余额增加2744.45亿元。8月电子行业融资余额增加超780亿 元，A股市场融资净买入金额最大的股票为寒武纪-U，净卖出金额最大的股票为潞安环能。 8月29日，深市两融余额创历史新高。8月13日—8月29日，A股连续13个交易日成交额与两融余额均超2万亿元。 融资客加仓电子行业超780亿元 数据显示，截至8月29日，A股两融余额报22613.49亿元，融资余额报22454.72亿元，均创逾10年新高，深市两融余额为11020.41亿元，创历史新高；8月A 股市场融资余额增加2744.45亿元。 深市两融余额情况 具体来看，8月的21个交易日中，A股融资余额有18个交易日出现增加，其中有11个交易日融资余额增加超110亿元，仅在8月1日、8月8日、8月21日出现 减少。 8月13日—8月29日，A股连续13个交易日成交额与两融余额均超2万亿元。在A股历史上，仅有18个交易日成交额与两融余额均超2万亿元。 A股成交额与两融余额均超2万亿元交易日 | 日期 | 融资融券余额 A股成交金额 | | | --- | - ...

今天上午，A股三大股指齐涨。截至上午收盘，上证指数上涨0.12%，深证成指上涨0.11%，创业板指上涨0.55%。 有色金属、医药、消费等板块领涨。从个股成交额排行榜看，市场的焦点仍在科技龙头股上。 今天上午，市场共有9只个股成交额超100亿元，其中科技股有6只，分别为寒武纪、新易盛、中际旭创、胜宏科技、中兴通讯、工业富联。 此外，兆易创新、华工科技、海光信息、华虹公司、紫光股份等个股大涨，且上午成交额均超50亿元。 | 成交额 大单净量 | 量比榜 | 换手率 | 主力净流 三 | | --- | --- | --- | --- | | | 最新 | 金额 ◆ | 涨幅 ▶ | | 寒武纪-U | 1447.98 | 186.07 亿 | -2.98% | | 科创 688256 融 | | | | | 新易盛 | 373.30 | 144.38亿 | 4.80% | | 創 300502 融 | | | | | 中际旭创 | 381.82 | 132.26亿 | 7.58% | | 创 300308 融 | | | | | 东方财富 | 28.31 | 123.83亿 | -2.08% | | 创 300 ...