证券之星消息，12月1日IT服务板块较上一交易日上涨0.86%，星图测控领涨。当日上证指数报收于 3914.01，上涨0.65%。深证成指报收于13146.72，上涨1.25%。IT服务板块个股涨跌见下表： 从资金流向上来看，当日IT服务板块主力资金净流出5.91亿元，游资资金净流出8346.74万元，散户资金 净流入6.74亿元。IT服务板块个股资金流向见下表： | 代码 | 名称 | 主力净流入(元) | 主力净占比 游资净流入 (元) | | 游资净占比 散户净流入 (元) | | 散户净占比 | | --- | --- | --- | --- | --- | --- | --- | --- | | 300170 汉得信息 | | 4.57 Z | 13.36% | -1.30 Z | -3.80% | -3.27 Z | -9.55% | | 300496 中科创达 | | 1.73亿 | 8.68% | 286.59万 | 0.14% | -1.76 Z | -8.82% | | 000034 神州数码 | | 1.39 Z | 9.97% | -5722.78万 | -4.12% | -8131. ...

Core Insights - The company has completed the development of its fourth-generation NPU and is advancing the research of the next-generation high-performance NPU, which will be more suitable for AI inference applications [2] - The company has launched multiple chip series, including Deep Eye, Deep Edge, and is developing Deep Verse and Deep XBot series, targeting diverse application scenarios such as vehicle-road-cloud integration, cloud-based large model inference, and embodied intelligent robots [2] - The IPU-X6000 acceleration card is set to be launched in 2024, with ongoing collaborations with various clients, including software and AI application companies, to promote commercial applications [2] - A strategic partnership with Kingdee Software was established in November 2025 to create a benchmark for the integration of "domestic computing power engine + enterprise-level software ecosystem," enhancing the company's AI inference capabilities in enterprise digital processes [2] - The company has begun small-scale shipments of the DeepEdge10Max chip for home console products and plans to provide AI chips and related services for other edge intelligent hardware products in the future [2]

Group 1 - On November 27, Yuntian Lifei's stock rose by 4.70%, with a trading volume of 1.48 billion yuan [1] - The financing data for Yuntian Lifei on the same day showed a financing purchase amount of 251 million yuan and a net financing purchase of 87.437 million yuan [1] - As of November 27, the total balance of margin trading for Yuntian Lifei was 1.384 billion yuan, with the financing balance accounting for 6.91% of the circulating market value [1] Group 2 - Yuntian Lifei, established on August 27, 2014, specializes in artificial intelligence algorithms and chip technology, with a revenue composition of 44.22% from consumer scenarios, 27.66% from industry scenarios, and 27.10% from enterprise scenarios [2] - For the period from January to September 2025, Yuntian Lifei achieved a revenue of 951 million yuan, representing a year-on-year growth of 96.85%, while the net profit attributable to shareholders was -298 million yuan, a year-on-year increase of 29.95% [2] Group 3 - As of September 30, 2025, the top ten circulating shareholders of Yuntian Lifei included Huaxia CSI Robot ETF as the third-largest shareholder, increasing its holdings by 1.279 million shares [3] - Hong Kong Central Clearing Limited entered as a new shareholder, holding 2.9903 million shares, while Bosera SSE STAR Market AI ETF increased its holdings by 422,700 shares [3]

Core Insights - The Robot ETF (159770) has seen significant trading activity, with a transaction volume of 178 million yuan as of November 27, 2025, and a notable increase in its scale and shares over the past week [1] - The Sci-Tech Innovation Index ETF Tianhong (589860) also performed well, with a trading volume of 23.52 million yuan and a strong increase in its tracked index [1] - The domestic open-source AI model, Tongyi Qianwen, has been adopted for a national-level project in Singapore, marking a significant breakthrough for Chinese open-source AI models in the global market [5] - The establishment of a standardization committee for humanoid robots in China is progressing, with key figures from leading companies appointed to important positions, indicating a move towards high-quality and large-scale development in the humanoid robot industry [6] Group 1: ETF Performance - The Robot ETF (159770) is the largest robot-themed ETF in the Shenzhen market, covering various segments of the robot industry, allowing investors to easily access the entire supply chain [2] - The Robot ETF has experienced a net inflow of 2.94 million yuan recently, with a total of 83.07 million yuan in net inflows over the past five trading days [1] - The Sci-Tech Innovation Index ETF Tianhong (589860) has a turnover rate of 7.51% and is designed to help investors capture opportunities in the technology growth market [2] Group 2: Industry Developments - The adoption of the Tongyi Qianwen model in Singapore's national AI strategy signifies the growing influence of Chinese open-source AI technologies in international markets [5] - The formation of the humanoid robot standardization committee in China is a crucial step towards establishing industry standards, which will enhance the competitive position of Chinese companies in the global humanoid robot sector [6]

11月27日，云天励飞涨5.28%，截至发稿，报76.22元/股，成交7.65亿元，换手率3.91%，总市值273.50 亿元。云天励飞股价已经连续3天上涨，区间累计涨幅4.79%。 截至发稿，许荣漫累计任职时间4年249天，现任基金资产总规模326.89亿元，任职期间最佳基金回报 45.62%， 任职期间最差基金回报-63.21%。 风险提示：市场有风险，投资需谨慎。本文为AI大模型自动发布，任何在本文出现的信息（包括但不 限于个股、评论、预测、图表、指标、理论、任何形式的表述等）均只作为参考，不构成个人投资建 议。 责任编辑：小浪快报 数据显示，招商基金旗下1只基金重仓云天励飞。招商中证机器人ETF发起联接A（020481）三季度持有 股数12.11万股，占基金净值比例为0.82%，位居第十大重仓股。根据测算，今日浮盈赚取约46.26万 元。连续3天上涨期间浮盈赚取40.08万元。 招商中证机器人ETF发起联接A（020481）成立日期2024年1月19日，最新规模2.53亿。今年以来收益 21.64%，同类排名2204/4206；近一年收益27.54%，同类排名1613/4006；成立以来收益45.48 ...

Core Viewpoint - The company, Yuntian Lifei, is a pioneer in the development and commercialization of AI inference chips, specifically NPU-driven AI inference chips, and has completed the R&D of its fourth-generation NPU [1] Group 1: Company Development - The company is currently advancing the R&D of the next-generation high-performance NPU, which will be more suitable for AI inference applications [1] - The upcoming NOVA 500 series will upgrade the GPNPU architecture, enhancing ecological compatibility, performance, and energy efficiency through 3D stacked storage and hardware-software collaborative design [1] Group 2: Intellectual Property and Industry Contribution - During the R&D process, the company has accumulated a series of invention patents and established typical application demonstrations across multiple fields [1] - The company contributes to the healthy and stable development of the standardized ecosystem for neural network processor chips in China [1]

Core Viewpoint - A significant block trade of 106,000 shares of CloudWalk Technology (云天励飞-U) occurred on November 25, with a transaction value of 8.374 million yuan, indicating a premium of 9.55% over the closing price of the day [1] Trading Activity - The block trade on November 25 involved a total volume of 106,000 shares and a transaction amount of 8.374 million yuan, with a transaction price of 79.00 yuan [1] - The buyer and seller for this transaction were both from the Fuzhou Wusi Road branch of Great Wall Securities [1] - Over the past three months, CloudWalk Technology has recorded a total of 57 block trades, amounting to 459 million yuan [1] Stock Performance - On the same day, CloudWalk Technology's closing price was 72.11 yuan, reflecting an increase of 2.25%, with a turnover rate of 3.08% and a total trading volume of 587 million yuan [1] - The net inflow of main funds for the day was 31.5794 million yuan, while the stock has seen a cumulative increase of 0.38% over the past five days, with a total net outflow of 38.0722 million yuan [1] Margin Financing - The latest margin financing balance for CloudWalk Technology stands at 1.26 billion yuan, having decreased by 11.9447 million yuan over the past five days, representing a decline of 0.94% [1] Company Background - Shenzhen CloudWalk Technology Co., Ltd. was established on August 27, 2014, with a registered capital of 3.5882666 billion yuan [1]

| Pro 212"s within children in Box 1 hour's | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | | 交易日期 | 证券简称 | 证券代码 | 成交价(元) 成交金额(万元) 成交量( *) 买入营业部 | | | 奥出营业部 | 是否为专场 | | 025-11-25 | 云天励飞 | 688343 | 79 837.4 | 10.6 | 茶園區菜餐園餐園 | 茶都是花絮园菜園 | Ki | 11月25日，云天励飞大宗交易成交10.6万股，成交额837.4万元，占当日总成交额的1.41%，成交价79 元，较市场收盘价72.11元溢价9.55%。 ...

Market Overview - The Shanghai Composite Index rose by 0.87% on November 25, with 29 out of the 31 sectors experiencing gains, led by the communication and media sectors, which increased by 3.54% and 2.85% respectively [2] - The computer sector also saw an increase of 1.10% [2] Capital Flow - The net inflow of capital in the two markets was 13.215 billion yuan, with 19 sectors receiving net inflows [2] - The electronics sector had the highest net inflow of 5 billion yuan, followed closely by the communication sector with a net inflow of 4.881 billion yuan [2] Computer Sector Performance - In the computer sector, 336 stocks were tracked, with 273 stocks rising and 53 stocks declining [3] - The top three stocks with the highest net inflow were Rongji Software (4.25 billion yuan), South Network Digital (4.06 billion yuan), and Dahua Intelligent (1.90 billion yuan) [3] - The sector experienced a net outflow of 3.072 billion yuan, with the largest outflows from Zhongke Shuguang (7.75 billion yuan), Sanliu Ling (4.34 billion yuan), and Nanwei Software (2.04 billion yuan) [3][5] Top Gainers in Computer Sector - The top gainers in the computer sector included: - Rongji Software: +10.03%, turnover rate 47.81%, net inflow 425.13 million yuan - South Network Digital: +19.99%, turnover rate 55.02%, net inflow 406.37 million yuan - Dahua Intelligent: +10.02%, turnover rate 12.05%, net inflow 190.23 million yuan [4] Top Losers in Computer Sector - The top losers in the computer sector included: - Zhongke Shuguang: -0.44%, turnover rate 2.69%, net outflow -775.37 million yuan - Sanliu Ling: +1.15%, turnover rate 7.60%, net outflow -433.98 million yuan - Nanwei Software: -2.29%, turnover rate 22.81%, net outflow -204.03 million yuan [5]

Core Viewpoint - The A-share market, particularly in the AI and chip sectors, experienced a strong rebound due to the dual catalysts of the Federal Reserve's interest rate cut expectations and the launch of the "Genesis Plan" aimed at transforming scientific research through AI [1][7]. Market Performance - As of 10:13 AM, the AI-focused ETF (589560) surged over 2.5%, while the chip-focused ETF (588750) rose more than 2% [1]. - Notable stocks included: - Chip Yuan Co. increased by over 7% - SourceJet Technology rose by over 6% - Hengxuan Technology gained over 4% [4]. Key Stocks in ETFs - For the Chip ETF (588750), the top ten stocks included: - Haiguang Information: 0.15% increase, 11.11% weight - Zhongben International: 1.34% increase, 9.05% weight - Cambrian-U: -0.09% decrease, 8.78% weight - SourceJet Technology: 6.64% increase, 2.42% weight [5]. - For the AI ETF (589560), the top ten stocks included: - Cambrian-U: 0.16% increase, 13.90% weight - Kingsoft Office: -0.60% decrease, 10.67% weight - SourceJet Technology: 3.38% increase, 10.66% weight [6]. Economic Indicators - The market's optimism was fueled by comments from the San Francisco Fed President, who supported a potential rate cut in December, raising expectations from 40% to 80% for a 25 basis point cut [7]. - The "Genesis Plan" aims to leverage AI for scientific advancements, further boosting market sentiment [7]. Semiconductor Market Insights - Analysts noted a "fully sold out" market condition for storage chip suppliers, with DDR5 DRAM experiencing the most significant tightness [7]. - The semiconductor cycle is expected to continue its upward trend, driven by AI demand, with the global AI-driven storage market projected to grow from $28.7 billion in 2024 to $255.2 billion by 2034, reflecting a compound annual growth rate of 24% [9]. Investment Strategy - The focus on AI and domestic substitution in the semiconductor sector presents a compelling investment opportunity, particularly through the Sci-Tech Chip ETF (588750), which emphasizes high-quality chip companies [10][13]. - The ETF's index is expected to show a net profit growth rate of 94% for the first three quarters of 2025, with an anticipated 100% growth for the entire year [14].