资金流向方面，该股今日全天主力资金净流入4.82亿元。（数据宝） 臻镭科技12月25日龙虎榜 | 买入营业部名称 | 买入金额(万元) | | --- | --- | | 高盛(中国)证券有限责任公司上海浦东新区世纪大道证券营业部 | 13555.37 | | 瑞银证券有限责任公司上海花园石桥路证券营业部 | 12914.66 | | 中国国际金融股份有限公司上海分公司 | 11053.45 | | 国泰海通证券股份有限公司总部 | 10809.02 | | 东北证券股份有限公司佛山分公司 | 10046.23 | | 卖出营业部名称 | 卖出金额(万元) | | 瑞银证券有限责任公司上海花园石桥路证券营业部 | 18790.41 | | 中国国际金融股份有限公司上海分公司 | 13845.34 | | 国泰海通证券股份有限公司总部 | 9589.89 | | 国泰海通证券股份有限公司余姚舜水南路证券营业部 | 8804.05 | | 中信证券股份有限公司上海分公司 | 8738.35 | （文章来源：证券时报网） 12月25日臻镭科技（688270）收盘价133.50元，收盘上涨16.90%，全天换手率16 ...

（原标题：12月25日科创板主力资金净流出16.89亿元） 沪深两市全天主力资金净流出181.29亿元，其中，科创板主力资金净流出16.89亿元，主力资金净流入的有230只股，主力资金净流出的有368只 股。 证券时报•数据宝统计显示，今日科创板个股上涨的有439只，下跌的有152只。其中，上市5日内的有C健信、优迅股份等，今日跌幅较高的有C健 信、优迅股份，跌幅为8.28%、6.43%。 资金流向方面，今日主力资金净流入的科创板股共有230只，其中，10只个股主力资金净流入超亿元，臻镭科技主力资金净流入4.82亿元，净流入 资金居首；长光华芯、源杰科技紧随其后，全天净流入资金分别为4.59亿元、3.15亿元。主力资金净流出的有368只，净流出资金最多的是摩尔线 程-U，该股今日下跌0.81%，全天主力资金净流出4.15亿元，其次是生益电子、晶合集成，主力资金净流出分别为3.17亿元、2.84亿元。 上市5日内的C健信今日下跌8.28%，主力资金净流入4463.55万元；资金净流出较多的是优迅股份，今日主力资金净流出2.11亿元。 从主力资金连续性进行观察，共有40只个股主力资金连续3个交易日以上持续净流入， ...

证券之星消息，12月25日半导体板块较上一交易日上涨0.29%，臻镭科技领涨。当日上证指数报收于 3959.62，上涨0.47%。深证成指报收于13531.41，上涨0.33%。半导体板块个股涨跌见下表： | 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | | --- | --- | --- | --- | --- | --- | --- | | 688270 | 坛插科技 | 133.50 | 16.90% | 35.39万 | | 46.42 乙 | | 688385 | 复旦微电 | 75.20 | 16.21% | 30.91万 | | 22.00亿 | | 688416 | 恒辉股份 | 59.36 | 13.24% | 14.16万 | | 8.59亿 | | 688048 | 长光华芯 | 158.64 | 13.16% | 1 24.83万 | | 36.34亿 | | 688709 | 成都华微 | 48.50 | 12.69% | 23.20万 | | 10.82亿 | | 300604 | 长川科技 | 106.25 | 7.55% | 54.59万 ...

该机构认为，当前商业航天产业在国家政策支持和产业技术突破共同助力下，有望进入新纪元。商业航 天产业涉及信息化的主要环节包括（1）遥感及其应用；（2）卫星测运控系统；（3）CAE仿真/卫星测 试；（4）星际传输处理模块、通信模组、数据处理平台等；新场景扩展层面关注太空算力。此外，当 前商业航天发展是国企与民营企业共振周期。 军工板块25日盘中走势强劲，截至发稿，广联航空20%涨停，臻镭科技涨超17%创出新高，信维通信涨 超10%，神剑股份涨停斩获6连板。 中信建投证券指出，"十五五"规划建议中提到的未来产业和新兴支柱产业中，多类产业涉及到军工技 术，如泛军工领域中的商业航天、低空经济、深海科技、未来能源、大飞机，民用领域中的AI、3C消 费电子、机器人等。"十五五"时期，上述领域将成为市场广阔的万亿赛道，而军工公司若想实现自身规 模的持续增长有赖于在上述领域中的拓展。与此同时，上述领域在发展过程中，将会牵引多种新工艺、 新材料、新器件的发展，如增材制造、超硬材料、陶瓷基复合材料等，相关公司也会因此受益。 ...

Group 1 - The A-share market saw a majority of semiconductor stocks rise, with Zhenlei Technology increasing by over 16% [1] - Hengshuo Co. experienced a rise of over 14% [1] - Fudan Microelectronics and Chengdu Huami both rose by over 13% [1] Group 2 - Changchuan Technology increased by nearly 9% [1] - Jingfeng Mingyuan saw an increase of over 7% [1] - Beijing Junzheng and Hongwei Technology both rose by over 6% [1] Group 3 - Juxin Technology increased by over 5% [1] - Hangyu Micro, Ruichuang Weina, Xindong Linke, Yandong Micro, and Yuanjie Technology all rose by over 4% [1]

Core Insights - The commercial aerospace sector is experiencing significant growth, with the satellite industry ETF (159218) rising by 4.91% and reaching a new high for the 29th time this year as of December 25 [1][3]. Industry Structure - The commercial aerospace industry is evolving from a singular focus on launch manufacturing to a comprehensive ecosystem characterized by "Earth-Space Integration and Deep Space Expansion," forming a three-tier industrial structure: "Foundation Layer," "Network Layer," and "Frontier Layer" [3]. - The "Foundation Layer" is essential for entering space, centered on launch vehicle manufacturing, and aims to reduce entry costs through breakthroughs in reusable technology, with the U.S. and China currently leading the competition [3]. - The "Network Layer" is crucial for commercial monetization, relying on satellite internet to create a new type of information infrastructure through low Earth orbit satellite constellations, enabling wide coverage and low latency [3]. - The "Frontier Layer" focuses on the future of value expansion, emphasizing deep space economy and transitioning space activities from exploration to resource utilization, which is expected to generate trillion-level market increments and new productive forces in the future [3].

Core Viewpoint - The A-share commercial aerospace sector experienced a significant surge, with the Satellite ETF (159206) rising over 6%, leading the market [3] Group 1: Market Performance - The Satellite ETF reached a new high in scale at 4.159 billion yuan [4] - Notable stocks included Chaojie Co. (301005) with a 20% increase, and several others like Shanghai Port (605598) and Shenglu Communication (002446) achieving 10% increases [4] - The Satellite ETF has seen continuous net inflows over the past nine days, totaling 1.418 billion yuan, with a peak single-day inflow of 353 million yuan [5] Group 2: Industry Developments - As of December 23, 2025, China conducted nearly 90 space launches, setting a historical record, with 23 of these by private commercial rocket companies [7] - The China Manned Space Engineering Office announced plans for four missions in 2026, including the first launch of the Long March 10A reusable rocket [7] - According to a report by China International Capital Corporation, the satellite industry is at a critical turning point, with expectations for significant growth in satellite tenders and launch volumes [7] Group 3: Investment Opportunities - The Satellite ETF focuses on commercial aerospace and satellite communication, positioned to benefit from China's ambitions as a "space power" [8] - The ETF is the first of its kind in the market, established on March 6, 2025, and is expected to see accelerated growth due to supportive policies and decreasing launch costs [8]

Core Viewpoint - The satellite industry is experiencing significant growth, driven by a recent meeting of the China Aerospace Science and Technology Corporation, which outlined strategic initiatives for the "14th Five-Year Plan" focusing on technological breakthroughs and cross-industry integration [1][2] Group 1: Industry Developments - The meeting emphasized the importance of aerospace technology in national security and military responsibilities, marking a shift from a "task-oriented" approach to an "industry-oriented" model [1] - The focus on integrating aerospace with AI, advanced manufacturing, and renewable energy is expected to create new productive forces and accelerate the commercialization of space [1] Group 2: Market Impact - Companies such as Zhenray Technology, Aerospace Electronics, and China Satellite have seen stock price increases of over 16%, 8%, and 6% respectively, contributing to a 3.88% rise in the E Fund Satellite ETF [1] - The E Fund Satellite ETF tracks the CSI Satellite Industry Index, which covers a wide range of sectors including satellite manufacturing, launching, communication, navigation, and remote sensing, indicating a concentrated focus on leading companies in the industry [2]

Group 1 - The third China Commercial Space Development Conference was held on December 24, where the Commercial Space Industry Alliance Innovation Fund was officially launched, with an initial issuance scale of 1 to 2 billion, aiming to expand to 10 billion in the long term, focusing on four key areas: low Earth orbit satellite constellations and satellite internet, reusable launch vehicles and rocket launch services, new materials and devices for commercial space, and space resource development and emerging space services [1] - As of November, the global average number of launches exceeded 26 per month, marking the entry of the global space industry into a "weekly launch era," with an expected total of over 320 launches for the year, setting a new historical record [1] - According to the China Commercial Space Industry Research Report, there have been 325 space launches globally to date, with 4,026 spacecraft in orbit, including 87 launches from China (84 successful), and 23 launches executed by private commercial rocket companies, placing 324 spacecraft into orbit [1] Group 2 - Starting from the end of 2025, several new models of commercial rockets are expected to undergo reusable experiments, including Tianbing Technology's Tianlong-3, Blue Arrow Aerospace's Zhuque-3, and others [2] - The China Manned Space Engineering Office has announced plans for four flight missions in 2026, including Tianzhou-10 and Shenzhou-23, while private rockets continue to overcome technical bottlenecks, with Tianlong-3 planning its maiden flight [2] - Dongwu Securities indicated that after batch maiden flights, commercial rockets are expected to transition from quantity to quality in 2026, leading to a rapid expansion of the entire space industry [3] Group 3 - The satellite ETF Guangfa (512630) has rebounded by 24.41% since its last low, with the China Satellite Industry Index rising by 3.28% on December 25, 2025 [3] - The index tracks 50 listed companies across satellite manufacturing, launching, communication, navigation, and remote sensing, reflecting the core competitiveness and overall development trend of China's satellite industry [3] - The index's composition focuses on upstream satellite manufacturing and launching, including companies like Aerospace Electronics and China Satellite, while also covering midstream ground equipment and operations, and downstream application services [3]

Core Viewpoint - The recent surge in the semiconductor sector has shifted focus to analog chips, with leading stocks like Shengbang Co., Jihua Te, and Zhenlei Technology experiencing significant gains, indicating a potential recovery in the industry [3][4]. Group 1: Price Increases and Market Signals - Analog Devices (ADI) announced a price increase for its entire product line, effective February 1, 2026, with military-grade products seeing a rise of up to 30% [3][5]. - Texas Instruments (TI) initiated a price hike in August 2023, affecting over 60,000 models with increases ranging from 10% to 30% [3][5]. - The collective price increases from these industry giants are interpreted as strong signals of a cyclical reversal in the analog chip market, which has struggled with inventory and demand issues over the past two years [3][5][6]. Group 2: Demand Recovery and Market Dynamics - The demand for analog chips is closely tied to macroeconomic conditions, with signs of recovery in smartphone shipments, electric vehicle demand, and industrial automation driven by policy support [5][6]. - The current price increases differ fundamentally from the panic-driven hikes of 2020-2021, as they reflect strategic moves by leading companies to stabilize prices and restore profit margins rather than a response to supply chain disruptions [5][6]. Group 3: Implications for A-share Analog Chip Companies - A-share analog chip companies like Shengbang Co. and Jihua Te are expected to benefit from improved profit margins as a result of the price hikes initiated by global leaders [8][9]. - The average gross margin for the analog chip sector has declined from 42.2% in 2022 to 35.72% in 2024, with a slight recovery to 36.01% by Q3 2023, indicating the pressure faced by domestic manufacturers [9]. - If the price stability and potential increases lead to enhanced demand from downstream customers, A-share companies may experience a "volume-price rise" scenario, particularly in key areas like power management and automotive-grade chips [9].