Core Insights - The communication and electronics sectors have consistently ranked among the top five industries in annual growth for three consecutive years (2023-2025), with the communication sector achieving the highest growth in both 2023 and 2025, a rare occurrence in A-share history [2][5] - The AI "siphon effect" has significantly boosted the performance of the communication sector, which has seen an 81.67% increase year-to-date as of December 14, 2025, leading all industries [2][3] - The historical trend indicates that most industries do not maintain top rankings for more than three years, with the food and beverage sector being the only exception that achieved five consecutive years in the top ranks from 2016 to 2020 [5][6] Communication Sector Performance - The communication sector's growth is driven by high demand related to AI, with specific sub-sectors such as optical modules, domestic chips, AI power supplies, optical fibers, and high-speed copper connections showing remarkable annual increases of 172.08%, 41.16%, 33.04%, 81.77%, and 60.83% respectively [2][3] - Companies like Zhongji Xuchuang and Xinyi Sheng reported record net profits for the first three quarters, with increases of 90.05% and 284.38% respectively [4] Electronics Sector Performance - The electronics sector, while not as high as communication, still ranked third with a year-to-date growth of 45.9% as of December 14, 2025, maintaining a position in the top five for three consecutive years [4][5] Historical Context and Future Outlook - The communication and electronics sectors breaking the "three-year barrier" is significant, indicating a shift in market dynamics driven by a deeper, more sustainable industrial momentum linked to the global AI revolution and China's technological self-reliance strategy [7][9] - Analysts are optimistic about the communication sector's prospects for 2026, with many institutions highlighting sub-sectors like AI computing, AI applications, and satellite internet as particularly promising [8][9] - The anticipated deployment of 1.6T high-speed optical modules in 2026 is expected to create new opportunities within the AI hardware supply chain [8]

随着2025年A股行情步入尾声，回溯近三年的市场结构，一个显著特征浮现：通信与电子行业已连续三 年（2023~2025年）跻身年度涨幅前五的一级行业之列（按申万一级行业统计，下同）。其中，通信行 业在2023年与2025年"摘冠"，表现尤为抢眼。这一持续性领涨态势，在A股历史上颇为罕见。 第一财经记者整理数据及行业表现，观测过去2000年以来的A股行业涨幅榜，市场素有"各领风骚两三 年"的周期规律，仅食品饮料行业曾在2016年至2020年实现连续五年涨幅排名前五，其他行业均未能突 破"领涨周期难超三年"的历史规律。如今，以AI算力硬件为核心的通信和以半导体、PCB等为代表的电 子行业，正试图挑战这一"历史牢笼"。 站在2025年末，投资者不禁要问：在即将到来的2026年，这场由科技革命驱动的"破笼"之战能否成功？ 通信与电子能否挣脱历史规律束缚，实现罕见的"四连强"？ 数据显示，2000年~2022年，通信行业只在2003年~2004年连续两年排进前五，其余年份甚至很少进入 前十名，2020年通信行业更是排名全市场倒数第二。2010年和2019年，电子行业摘得全市场第一名， 2022年该行业却垫底全市场。 通 ...

从资金流向上来看，当日通信设备板块主力资金净流出51.76亿元，游资资金净流入9.69亿元，散户资金 净流入42.06亿元。通信设备板块个股资金流向见下表： 以上内容为证券之星据公开信息整理，由AI算法生成（网信算备310104345710301240019号），不构成投资建议。 证券之星消息，12月15日通信设备板块较上一交易日下跌2.38%，仕佳光子领跌。当日上证指数报收于 3867.92，下跌0.55%。深证成指报收于13112.09，下跌1.1%。通信设备板块个股涨跌见下表： ...

今日，中国银河（601881）证券股份有限公司研究员赵良毕、赵中兴发布研报《仕佳光子(688313)：驭 光引擎破AI芯局》称，公司具备中长期成长性，给予公司2025年-2027年归母净利润预测值为4.72亿 元、7.54亿元、11.66亿元，对应EPS为1.03元、1.64元、2.54元，对应PE为93.46倍、58.49倍、37.83倍， 首次覆盖，给予"推荐"评级。 中国经济网北京12月15日讯仕佳光子(688313.SH)今日收报97.57元，跌幅10.49%。 ...

年终排名将揭晓 绩优基金"角力"AI重仓股 ◎记者 赵明超 距离年底仅有两个多星期了，基金年度排名即将揭晓。从当前业绩排名居前的基金情况看，年内净值翻 倍的基金超过50只，领跑基金收益高达218%，但前十排名次序难定。从上述基金持仓情况看，几乎全 部重仓了人工智能概念股，在业内人士看来，由于持仓趋同，市场风格对这些基金的排名影响有限，个 股表现成为最终排名的关键。 重仓AI基金领跑 对于公募基金来说，今年堪称是丰收年。从整体业绩表现看，据Choice统计，在4500多只主动权益类基 金中，截至12月12日，年内没能取得正收益的基金不足百只。与之相对应的是，年内净值涨幅超过20% 的基金高达2800只，净值涨幅超过40%的基金多达1100多只，占比超四分之一。 在年内业绩居前的基金中，截至12月12日，57只基金净值翻倍，领跑的永赢科技智选混合基金年内净值 增长218.4%。紧随其后的是中航机遇领航混合基金，年内净值增长166.65%；红土创新新兴产业混合基 金以150.36%的收益率位居第三。从年内第4名到第12名，这些基金的收益率相差仅有10多个百分点。 除了德科立短时间股价大涨以外，三季度末华商均衡成长混 ...

Group 1 - The core transaction on December 12 involved a block trade of 95,500 shares of Shijia Photon, with a total transaction value of 10.4061 million yuan, at a price of 109.00 yuan per share [2][4] - In the last three months, the stock has seen a total of two block trades, with a cumulative transaction value of 16.0072 million yuan [3] - The closing price of Shijia Photon on the same day was 109.00 yuan, reflecting an increase of 11.45%, with a turnover rate of 12.24% and a total trading volume of 5.761 billion yuan [3] Group 2 - The latest margin financing balance for the stock is 1.276 billion yuan, which has increased by 159 million yuan over the past five days, representing a growth of 14.28% [4] - Shijia Photon Technology Co., Ltd. was established on October 26, 2010, with a registered capital of 4.58802328 billion yuan [4]

Core Points - A total of 44 stocks on the Sci-Tech Innovation Board (STAR Market) experienced block trading today, with a cumulative transaction amount of 6.92 billion yuan [2][3] Group 1: Trading Overview - On December 12, there were 105 block trades involving 44 Sci-Tech Innovation Board stocks, with a total trading volume of 15.35 million shares and a total transaction value of 6.92 billion yuan [2] - The stock with the highest transaction amount was Hu Silicon Industry, with a trading volume of 4.20 million shares and a transaction value of 87.19 million yuan [2][3] - Other notable stocks in terms of transaction value included Jintian Titanium Industry and Aojie Technology, with transaction amounts of 56.02 million yuan and 49.43 million yuan, respectively [2] Group 2: Price and Performance Analysis - The average discount rates for block trades relative to the closing prices were significant for several stocks, with Yutai Micro, Nanchip Technology, and Guoguang Electric having discount rates of 21.89%, 20.61%, and 19.02%, respectively [2] - The STAR 50 Index rose by 1.74% today, with 398 stocks (66.89%) on the Sci-Tech Innovation Board experiencing price increases [2] - The average increase for stocks involved in block trading was 3.25%, with the highest increases seen in Hehe Information, Shijia Photon, and Tuojing Technology, which rose by 13.80%, 11.45%, and 8.62%, respectively [2] Group 3: Institutional Participation - Among the block trades, there were 65 transactions involving institutional buyers or sellers across 37 stocks [3] - The leading institutional purchases were in Hu Silicon Industry, Aojie Technology, and Shengke Communication, with purchase amounts of 87.19 million yuan, 49.43 million yuan, and 40.47 million yuan, respectively [3] - Conversely, the top institutional sales were in Lanqi Technology, Zhongwei Company, and Haiguang Information, with sales amounts of 36.72 million yuan, 30.44 million yuan, and 24.19 million yuan, respectively [3] Group 4: Capital Flow - Among the stocks involved in block trading, 22 stocks saw net inflows of capital, with the highest net inflows in Shijia Photon, Aojie Technology, and Shengke Communication, amounting to 458 million yuan, 317 million yuan, and 278 million yuan, respectively [3] - The stocks with the largest net outflows included Hanwujing, Haiguang Information, and Lanqi Technology, with net outflows of 2.096 billion yuan, 893 million yuan, and 523 million yuan, respectively [3]

| 交易日期 | 证券商称 | 证券代码 | 成交价(元) 成交金额[万元) 成交量( *) 买入营业部 | | | | 卖出营业部 | 是否为专场 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 2025-12-12 | 仕佳光子 | 688313 | 109 1040.61 | 9.55 | 机构专用 | 型開運動畫 | | Ka | 12月12日，仕佳光子大宗交易成交9.55万股，成交额1040.61万元，占当日总成交额的0.18%，成交价 109元，较市场收盘价109元持平。 ...

Group 1 - The CPO concept stocks in the A-share market experienced significant gains, with notable performances from several companies [1] - LianTe Technology reached a 20% increase, hitting the daily limit, while Changxin Bochuang rose over 10% [1] - Other companies such as Zhongjing Electronics, Cambridge Technology, and Sui Rui New Materials also saw substantial increases, with gains exceeding 6% [1] Group 2 - LianTe Technology's total market value is 20.8 billion, with a year-to-date increase of 112.40% [2] - Changxin Bochuang has a market value of 42.6 billion and a year-to-date increase of 214.88% [2] - Zhongjing Electronics has a market value of 7.5 billion and a year-to-date increase of 55.06% [2] - Cambridge Technology's market value is 43.1 billion, with a year-to-date increase of 202.52% [2] - Sui Rui New Materials has a market value of 24.1 billion and a year-to-date increase of 256.07% [2] - Huamao Technology's market value is 20.2 billion, with a year-to-date increase of 93.98% [2] - Dekeli has a market value of 27.3 billion and a year-to-date increase of 147.49% [2]

Core Viewpoint - The financing balance of the Sci-Tech Innovation Board decreased by 1.78 billion yuan compared to the previous day, with 63 stocks seeing an increase in financing balance of over 10 million yuan, led by companies such as Lanke Technology, Xinke Mobile, and Shijia Photon [1][2]. Financing Balance Summary - As of December 11, the total margin financing balance on the Sci-Tech Innovation Board was 260.607 billion yuan, a decrease of 1.71 billion yuan from the previous trading day, with the financing balance specifically at 259.712 billion yuan, down by 1.78 billion yuan [1]. - There are 483 stocks with a financing balance exceeding 100 million yuan, 49 stocks with a balance over 1 billion yuan, 83 stocks with a balance between 50 million and 100 million yuan, and 23 stocks with a balance below 50 million yuan [1]. Net Financing Inflows - The stocks with the highest net financing inflows include Lanke Technology with a financing balance of 6.057 billion yuan, an increase of 199 million yuan, despite a daily drop of 0.93%. Other notable stocks include Xinke Mobile and Shijia Photon with net inflows of 91.741 million yuan and 72.449 million yuan, respectively [2]. - Among the stocks that received net inflows exceeding 10 million yuan, the average daily increase was 0.91%, with top gainers including Moer Thread, Fuxin Technology, and Zhenlei Technology, which rose by 28.04%, 20.00%, and 17.40%, respectively [2]. Industry Preferences - The industries attracting the most interest from financing clients include electronics, power equipment, and machinery, with 24, 9, and 7 stocks respectively [2]. - The average ratio of financing balance to market capitalization for the stocks favored by financing clients is 4.23%, with Zhongke Lanyun having the highest ratio at 11.98% [2].