Core Viewpoint - On April 25, Shijia Photon (688313) closed at 25.98 yuan, marking an increase of 18.36% with a trading volume of 2.249 billion yuan and a turnover rate of 19.89% [2] Trading Activity - The stock was listed on the daily trading list due to a closing price increase of 15% [2] - The top five trading departments accounted for a total transaction of 591 million yuan, with a net buying amount of 41.81 million yuan [2] - The largest buying department was the Shanghai-Hong Kong Stock Connect, with a buying amount of 148.08 million yuan, while the largest selling department was also the Shanghai-Hong Kong Stock Connect, with a selling amount of 111.31 million yuan [3] Fund Flow - The stock experienced a net outflow of 23.24 million yuan from main funds on the same day [3] - Over the past six months, the stock has appeared on the trading list five times, with an average price increase of 0.67% the day after being listed and an average increase of 14.79% over the following five days [3]

Market Overview - The Sci-Tech Innovation 50 Index rose by 0.13%, closing at 1004.57 points, with a total trading volume of 2.316 billion shares and a turnover of 80.964 billion yuan, resulting in a weighted average turnover rate of 1.38% [1] - Among the tradable stocks on the Sci-Tech Innovation Board, 275 stocks closed higher, with 4 stocks increasing by over 10% and 15 stocks rising between 5% and 10%. Conversely, 299 stocks closed lower, with 4 stocks declining by over 10% [1] Stock Performance - The stock with the highest turnover rate was Shijia Photon, which closed up by 18.36% with a turnover rate of 19.89% and a transaction amount of 2.249 billion yuan. Other notable stocks included Shengke Nano, which fell by 1.51% with a turnover rate of 18.69%, and Kangpeng Technology with a turnover rate of 16.62% [1][2] - In the high turnover rate stocks, 20 stocks experienced net inflows of main funds, with the highest net inflows recorded for Dameng Data (47.047 million yuan), Maolai Optics (35.6024 million yuan), and Huafeng Technology (34.5319 million yuan) [2] Industry Analysis - The electronic industry had the most stocks with a turnover rate exceeding 5%, totaling 11 stocks, followed by the pharmaceutical and biological sector with 7 stocks, and machinery equipment with 5 stocks [2] - Among the high turnover stocks, 24 companies reported their 2024 annual results, with Shijia Photon, Yuke Technology, and Luwei Optoelectronics showing significant net profit growth of 236.57%, 29.67%, and 28.27% respectively [3] Financial Highlights - The stocks with the highest net profit growth in the 2024 annual reports included Beiqing Technology and Qingyun Technology, with growth rates of 118.55% and 42.21% respectively [3] - As of April 24, the stocks with the largest increase in financing balance over the past five days included Shijia Photon (210 million yuan), Pan-Asia Micro透 (6.2822 million yuan), and Zhiyuan Interconnect (3.1423 million yuan) [2]

New Stock Listings - The new stock "Zhongjie Automobile" (code: 301560) is listed at an issuance price of 16.50[1] Rights Issues and Offers - Cash option for "AVIC Capital" (code: 600705) is available from April 23 to April 25, 2025[1] - Tender offer for "ST Xinchao" (code: 600777) is open from April 23 to May 22, 2025[1] - "ST Puli" (code: 300630) will enter the delisting arrangement period starting April 28, 2025[1] Market Alerts - "Guoguang Chain" (code: 605188) has reported severe abnormal fluctuations[1] - "Dongfang Tong" (code: 300379) also reported severe abnormal fluctuations[1] Other Announcements - "Huili B" (code: 900939) has a recent announcement linked to its trading activities[1] - "Zhejiang Rongtai" (code: 603119) has a recent announcement linked to its trading activities[1] - "ST Jiuyou" (code: 600462) has a recent announcement linked to its trading activities[1]

A股三大指数早盘集体上涨，截至午盘，沪指涨0.15%，深证成指涨0.87%，创业板指涨1.07%，北证50 指数涨1.11%。全市场半日成交额7331亿元，较上日同期缩量469亿元。全市场超3800只个股上涨。 盘面上，房地产板块早盘走高， 大龙地产3分钟内直线涨停 。电力板块延续活跃，华银电力封板。 光模块、铜缆高速连接等AI硬件方向亦表现强势，仕佳光子、致尚科技涨超10%。创新药板块早盘 局部调整，江苏吴中跌停。 港股方面，恒生指数和恒生科技指数均高开高走，截至午间收盘，恒指涨1.36%，恒生科技指数涨 1.87%，国企指数涨1.29%。地产股集体走高，金辉控股盘中最高涨超80%。 地产板块再度走强 大龙地产直线涨停 地产板块25日盘中再度走强。截至午间收盘，A股南国置业、世联行、渝开发、大龙地产纷纷涨停。 大 龙地产自9时56分起直线拉升，3分钟内封住涨停。 港股市场，金辉控股盘中一度涨超80%，截至发稿涨超43%。融信中国涨超17%，远洋集团涨超11%， 中梁控股、龙湖集团等跟涨。 | | 09993 金辉控股 | | | 3.230 | +0.980 | | --- | --- | --- | -- ...

Core Viewpoint - CPO concept stocks are experiencing a strong upward trend, with significant gains observed in several companies [1] Group 1: Stock Performance - Shijia Photon has increased by over 10% [1] - Xinyi Sheng (300502) has risen by more than 8% [1] - Bochuang Technology (300548), Zhongji Xuchuang (300308), and Shengyi Electronics have also shown notable gains [1] Group 2: Market Activity - Dark pool funds are flowing into these stocks, indicating increased investor interest [1]

截至4月23日，市场融资余额合计1.80万亿元，较前一交易日增加20.26亿元，其中，沪市融资余额 9148.25亿元，较前一交易日增加2.75亿元；深市融资余额8796.75亿元，较前一交易日增加17.72亿元； 北交所融资余额52.89亿元，较前一交易日减少2038.94万元。 | 代码 | 简称 | 4月23日涨跌幅 | 融资净买入额 | 最新融资余额 | 占流通市值比例 | 所属行 | | --- | --- | --- | --- | --- | --- | --- | | | | （%） | （万元） | （万元） | （%） | 业 | | 002594 | 比亚迪 | 4.83 | 30233.05 | 1064686.53 | 2.46 | 汽车 | | 601899 | 紫金矿 | -3.84 | 27489.11 | 339309.04 | 0.93 | 有色金 | | | 业 | | | | | 属 | | 688313 | 仕佳光 子 | 4.30 | 14863.87 | 51142.99 | 5.05 | 通信 | | 000883 | 湖北能 | 3.93 | 14838.57 ...

科创板融资余额较前一交易日增加4.09亿元，融券余额减少1200.35万元。302股融资余额环比增加，123 股融券余额环比增加。 证券时报·数据宝统计显示，截至4月23日，科创板两融余额合计1501.25亿元，较上一交易日增加3.97亿 元。连续3个交易日增加。其中，融资余额合计1495.88亿元，较上一交易日增加4.09亿元；融券余额合 计5.37亿元，较上一交易日减少1200.35万元。 | 代码 | 简称 | 最新融资余额 | 融资余额环比增 | 最新融券余额 | 融券余额环比增 | 当日涨跌幅 | | --- | --- | --- | --- | --- | --- | --- | | | | (万元） | 减（%） | (万元） | 减（%） | （%） | | 688050 | 爱博 | 35225.09 | 60.16 | 234.76 | -20.87 | -20.00 | | | 医疗 | | | | | | | 688313 | 仕佳 | 51142.99 | 40.97 | 0.00 | | 4.30 | | | 光子 | | | | | | | 688757 | 胜科 | 4133 ...

Group 1: Shijia Photon - Shijia Photon is expected to continue revenue and profit growth in Q1 2025, driven by demand for computing power and rapid growth in the data communication market [1] - The overseas revenue proportion is projected to reach 26% by the end of 2024, with an increase in Q1 2025, while gross margin improvement is attributed to resource allocation, scale effects, and customer structure adjustments [1] - Increased borrowing is due to capacity expansion, raw material reserves, equity acquisitions in industry funds, and liquidity reserves [1] - The company is developing new types of cables, including high-temperature resistant and liquid-cooled cables, to meet the growing demand from data center wiring [1] Group 2: JuGuang Technology - Changes in tariff policies have raised procurement costs for scientific instruments but present strategic opportunities for domestic manufacturers [2] - The company's business restructuring has improved gross margins and reduced costs, with plans to increase investment in advantageous business areas [2] - The subsidiary Lingxi Optoelectronics is experiencing rapid growth in contracts for high-precision greenhouse gas analyzers, indicating a positive future outlook [2] Group 3: NewEase - NewEase achieved a revenue of 8.647 billion yuan in 2024, a year-on-year increase of 179.15%, with a net profit of 2.838 billion yuan, up 312.26% [3] - In Q1 2025, revenue reached 4.052 billion yuan, and net profit was 1.573 billion yuan, reflecting growth rates of 264.13% and 384.54% respectively [3] - The company is focusing on domestic market opportunities and has a dedicated team to track progress, with no significant changes in overseas market demand observed [3]

同犇投资是一家有特色的阳光私募。公司成立于2014年1月，实缴资本1000万，2014年5月4日获得私募 投资基金管理人登记证书，是为数不多的由新财富最佳分析师创建的阳光私募，也是"五年金牌分析师 转型阳光私募"的唯一团队。公司总经理、投资总监童驯先生02-13年曾在上海申银万国证券研究所工作 12年，08-12年连续五年荣获新财富食品饮料行业最佳分析师第一名，擅长大消费投资。 以上内容为证券之星据公开信息整理，由智能算法生成（网信算备310104345710301240019号），不构成投资建议。 根据市场公开信息及4月23日披露的机构调研信息，知名私募同犇投资近期对1家上市公司进行了调研， 相关名单如下： 1）仕佳光子 （上海同犇投资管理中心(有限合伙)参与公司特定对象调研） 调研纪要：仕佳光子2025年第一季度营收、利润延续增长，主要受益于算力需求驱动，数通市场快速增 长，三大类产品显著增长。2024年境外收入占比26%，2025年Q1境外收入占比增加，毛利率提升因资 源弹性配置、规模效应、客户结构调整。借款增加因产能扩建、原材料储备、参股产业基金收购股权、 储备流动资金。2024年末境外收入占比26% ...

Investment Rating - The investment rating for the company is "Accumulate" [7] Core Views - The company's performance exceeded expectations due to the demand driven by AI computing power, leading to rapid growth in the data communication market and highlighting the competitive advantages of its products [2] - The company reported a significant increase in revenue and net profit for 2024 and Q1 2025, with a year-on-year revenue growth of 42% and a net profit increase of 237% for 2024 [1][5] - The company is expected to continue its growth trajectory, with projected net profits of 352 million yuan, 478 million yuan, and 617 million yuan for 2025, 2026, and 2027 respectively [5] Financial Performance - In 2024, the company achieved a revenue of 1.075 billion yuan, with a net profit of 64.93 million yuan, marking a 42% increase in revenue and a 237% increase in net profit year-on-year [1][6] - The company's Q1 2025 revenue reached 436 million yuan, representing a 121% year-on-year increase and a 26% quarter-on-quarter increase, with a net profit of 93.19 million yuan, a 1004% year-on-year increase [1][6] - The gross margin for Q1 2025 was 39.1%, up 15 percentage points year-on-year and 12 percentage points quarter-on-quarter [1] Product Performance - The revenue from optical chips and devices reached 606 million yuan in 2024, a 68% increase year-on-year, with the AWG chip series revenue growing by 122% [3] - The company has made significant progress in product development, including the mass shipment of 400G and 800G optical modules and the development of a 100G EML laser [4] - The company has established itself as a qualified supplier for major global wiring manufacturers, with high-density fiber optic connector jumpers achieving certification [4] Market Outlook - The domestic revenue for 2024 was 776 million yuan, a 35% increase year-on-year, while overseas revenue reached 280 million yuan, a 74% increase [3] - The company is expected to benefit from the growing demand for AI computing and related products, which will continue to drive its revenue growth [2]