Core Insights - The article highlights the significant performance of certain funds in the third quarter, particularly the "Yongying Technology Smart Selection" fund, which achieved a remarkable 194% increase, making it the top-performing fund of the year [1][2] - The report indicates a substantial growth in fund size, with "Yongying Technology Smart Selection" increasing from 1.166 billion to 11.521 billion yuan, nearly a ninefold increase in a single quarter [2] - The article also discusses the ongoing optimism in the innovative pharmaceutical sector, with funds like "Great Wall Pharmaceutical Industry Selection" showing over 100% growth [1][4] Fund Performance - "Yongying Technology Smart Selection" fund's top holdings include leading optical module stocks such as "Yizhongtian" (Xinyi Sheng, 300502), Zhongji Xuchuang (300308), and Tianfu Communication (300394), which significantly contributed to its net value [2] - The fund's share count surged from 700 million to 3.466 billion, resulting in a profit of 4.715 billion yuan for investors in the third quarter [2] - The "Great Wall Pharmaceutical Industry Selection" fund also saw its size grow from 1.132 billion to 1.790 billion yuan, with a share increase from 678 million to 932 million [5] Sector Insights - The global cloud computing industry remains a focal point, with AI model valuations increasing and a notable 100% quarter-on-quarter growth in token numbers [3] - The innovative pharmaceutical sector continues to attract attention, with funds maintaining high stock positions despite recent market adjustments [6][8] - The article suggests that the technology and pharmaceutical sectors may still have upward potential, although careful stock selection is advised [8] Future Outlook - The article indicates that the technology sector, particularly AI and cloud computing, is expected to see increased investment, with potential for new opportunities in the industry chain [9] - The innovative pharmaceutical sector is projected to strengthen its global competitiveness, supported by upcoming industry conferences and positive data trends [8] - The article emphasizes the importance of not solely relying on past performance to predict future outcomes in the cloud computing sector, highlighting the need for caution [9]

Core Viewpoint - Yongying Technology Smart Selection Fund has achieved a remarkable return of 194.49% in the first three quarters of 2025, leading the active equity fund market [1] Fund Performance - The fund's net asset value surged to 11.52 billion yuan, an increase of 888.08% from the previous quarter and nearly 45 times from the first quarter [1] - The fund's stock allocation increased from 86.38% to 91.59%, while the proportion of the top ten holdings decreased from 82.24% to 73.25%, indicating a slight diversification in holdings [1] Top Holdings - The top ten holdings of the fund include companies such as Xinyi Technology, Zhongji Xuchuang, and Tianfu Communication, with significant increases in holdings for Deep South Circuit, Taicheng Light, and Huadian Shares [2][3] - Notably, Shengyi Technology, Lankai Technology, and Shijia Photon entered the top ten holdings for the first time during the third quarter [3] Investment Focus - The fund is primarily focused on investment opportunities in the global cloud computing industry, particularly in sectors like optical communication and PCB [1][5] - The fund manager believes that the global cloud computing industry remains a key area of focus, with AI model values being enhanced and significant growth in token and computing power investments [6] Future Outlook - The manager anticipates that 2027 will be a pivotal year for the optical communication and PCB industries, with new technologies expected to reach implementation stages [7]

【导读】三季报密集披露，绩优基金调仓曝光 中国基金报记者 曹雯璟 公募三季报密集披露，绩优基金经理持仓动向备受市场关注。 10月22日，前三季度"冠军基"、年内暴赚近195%的永赢科技智选，"翻倍基"长城医药产业精选等披露三季报，这些绩优基金大多重仓云计算、创新药等 热门方向。凭借出色业绩，永赢科技智选规模猛增，三季度增长近10倍，单季度利润高达47亿元；长城医药产业精选三季度规模增长近60%。 伴随业绩表现亮眼，永赢科技智选的规模也水涨船高。该基金规模从二季度末的11.66亿元增长至三季度末的115.21亿元，单季增长近10倍。份额方面，该 基金从二季度末的7亿份增长至三季度末的34.66亿份。 在三季报中，任桀表示，全球云计算产业仍值得重点关注。他指出，最近几个月，AI模型的价值得到了进一步提升。全球旗舰模型正在通过不降价、限 流、降规等方式进行实质性"提价"，甚至可能调整商业模式（从订阅到按量），而token数保持100%的季度环比增长，算力投入保持10%～20%的季度环 比增长，意味着AI模型的价值模型明显优化，与模型能力、性能、用户数、商业化等方面的发展密不可分。 "相比2023年—2025年大厂的 ...

证券时报·数据宝统计，截至10月22日，有220家公司公布2025年三季报，其中147家净利润同比增长， 73家同比下降，155家营业收入同比增长，65家同比下降，净利润和营业收入同时增长的公司有新强联 等125家，利润收入均下降的有西部建设等43家，业绩增幅翻倍的公司有32家，其中新强联增幅最大， 达1939.50%。（数据宝） 已公布三季报公司净利润增幅排名 | 代码 | 简称 | 每股收益 | 净利润（万 | 净利润同比 | 营业收入（万 | 营业收入同比 | | --- | --- | --- | --- | --- | --- | --- | | | | （元） | 元） | （%） | 元） | （%） | | 300850 | 新强联 | 1.7800 | 66384.29 | 1939.50 | 361792.49 | 84.10 | | 002741 | 光华科 技 | 0.1944 | 9039.34 | 1233.70 | 204433.57 | 11.50 | | 300972 | 万辰集 团 | 4.6840 | 85497.84 | 917.04 | 3656231.05 | 77 ...

10月22日，仕佳光子涨5.11%，截至发稿，报71.17元/股，成交13.77亿元，换手率4.33%，总市值326.53 亿元。 资料显示，河南仕佳光子科技股份有限公司位于河南省鹤壁市淇滨区延河路201号，成立日期2010年10 月26日，上市日期2020年8月12日，公司主营业务涉及光芯片及器件、室内光缆、线缆材料三大板块,主 要产品包括PLC分路器芯片系列产品、AWG芯片系列产品、DFB激光器芯片系列产品、光纤连接器、 室内光缆、线缆材料等。主营业务收入构成为：光芯片与器件70.52%，室内光缆15.11%，线缆高分子 材料12.66%，其他(补充)1.72%。 从仕佳光子十大流通股东角度 数据显示，永赢基金旗下1只基金位居仕佳光子十大流通股东。永赢科技智选混合发起A（022364）三 季度新进十大流通股东，持有股数735.03万股，占流通股的比例为1.6%。根据测算，今日浮盈赚取约 2543.22万元。 永赢科技智选混合发起A（022364）成立日期2024年10月30日，最新规模1.31亿。今年以来收益 194.96%，同类排名1/8160；成立以来收益234.49%。 永赢科技智选混合发起A（02 ...

丨证券研究报告丨 [Table_scodeMsg1] 公司研究丨点评报告丨仕佳光子（688313.SH） [Table_Title] 多品类发力增长，毛利率受结构性影响 报告要点 [Table_Summary] 公司依托 IDM 模式的"无源+有源"双平台布局持续推进，深度受益于 AI 算力建设带来的数通 市场高景气度。AWG、MPO 两大核心产品持续放量，CW DFB 激光器芯片完成部分客户验证 并小批量出货。短期利润波动不改长期向好趋势，产品结构优化与规模效应有望带动公司盈利 能力持续提升。 分析师及联系人 [Table_Author] SAC：S0490517110002 SAC：S0490522050005 SFC：BUX641 于海宁 黄天佑 操俊茹 请阅读最后评级说明和重要声明 %% %% %% %% research.95579.com 1 [Table_scodeMsg2] 仕佳光子（688313.SH） cjzqdt11111 [Table_Title2] 多品类发力增长，毛利率受结构性影响 风险提示 丨证券研究报告丨 2025-10-21 [Table_Summary2] 事件描述 公司发 ...

[Table_Stock] 仕佳光子（688313） | [行业Table_Industry] : | 通信 | | --- | --- | | 日期: | shzqdatemark 2025年10月21日 | | [Table_Author] 分析师: | 刘京昭 | | E-mail: | liujingzhao@shzq.com | | SAC 编号: | S0870523040005 | | 联系人: | 杨昕东 | [Table_Rating] 买入（维持） [◼Table_Summary] 投资摘要 | 最新收盘价（元） | 58.88 | | --- | --- | | 12mth A 股价格区间（元） | 13.62-86.17 | | 总股本（百万股） | 458.80 | | 无限售 A 股/总股本 | 98.91% | | 流通市值（亿元） | 267.20 | [Table_QuotePic] 最近一年股票与沪深 300 比较 -9% 57% 122% 187% 253% 318% 384% 449% 514% 10/24 01/25 03/25 05/25 08/25 10/25 仕 ...

证券之星消息，10月21日通信设备板块较上一交易日上涨5.9%，仕佳光子领涨。当日上证指数报收于 3916.33，上涨1.36%。深证成指报收于13077.32，上涨2.06%。通信设备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) | | | --- | --- | --- | --- | --- | --- | --- | | 688313 | 仕佳光子 | 67.71 | 15.00% | 43.41万 | | 27.68亿 | | 300502 | 新易盛 | 365.42 | 10.99% | 61.47万 | | 216.41亿 | | 300308 | 中际旭创 | 441.50 | 9.55% | 56.52万 | 1 | 244.36 Z | | 688205 | XD德科立 | 109.30 | 7.89% | 13.44万 | | 14.35 亿 | | 601869 | 长飞光纤 | 87.98 | 6.86% | 25.69万 | | 22.29亿 | | 301205 | 联特科技 | 95.80 | 6.55% | 8.02万 ...

F5G概念板块领涨，上涨3.52%，其中中际旭创上涨6.21%，仕佳光子上涨2.92%，剑桥科技上涨2.7%， 天地科技、星网锐捷、亨通光电涨超2%。（AI生成） ...

格隆汇10月21日｜A股市场CPO概念股继续走强，截至半日收盘，中富电路涨超12%，仕佳光子、中际 旭创涨超10%，汇绿生态10CM涨停，新易盛涨超8%，立讯精密涨超7%，斯瑞新材、德科立涨超6%， 杰普特涨超5%。 消息面上，兴证通信产业链调研显示，1.6T光模块需求持续上调。海外大客户近期上修2026年1.6T光模 块采购计划，部分客户提前锁定明年产能，行业总需求预计从1000万上修到1500万，再到近期的2000万 只，主要系GB300与后续Rubin平台加速部署，AI训练与推理网络带宽需求快速增长，1.6T产品进入量 产放量。 | 代码 | 名称 | | 涨幅% ↓ | 总市值 | 年初至今涨幅% | | --- | --- | --- | --- | --- | --- | | 300814 | 中富电路 | 1 | 12.35 | 106亿 | 70.78 | | 688313 | 仕佳光子 | 1 | 10.50 | 298亿 | 297.60 | | 300308 | 中际旭创 | 1 | 10.17 | 4933 乙 | 261.30 | | 001267 | 汇绿生态 | 1 | 10.0 ...