华鑫证券指出，国内科技资产正在迅速增值，特别是核心的AI算力资产正在高速增值，其背后主要是 来自于国内对于高端AI算力的投入已经逐渐产业化并且正在高速迭代过程中，国产AI芯片大时代已经 来临，国产AI产业链从上游先进制程到先进封装，到下游字节阿里腾讯的模型加速迭代升级已经实现 全产业链打通，坚定看好国产AI算力设施的加速突破。民生证券表示，大国科技博弈背景下核心软硬 件国产化大势所趋，国产算力有望与国产软件实现共振，共同推动国产化生态的构建，进而实现高水平 科技自立自强的重要目标。 芯片股延续近期涨势，截至发稿，上海复旦(01385)涨4.71%，报43.6港元；华虹半导体(01347)涨 3.12%，报89.2港元；宏光半导体(06908)涨1.92%，报0.53港元；中芯国际(00981)涨1.75%，报84.25港 元。 ...

智通财经APP获悉，芯片股延续近期涨势，截至发稿，上海复旦(01385)涨4.71%，报43.6港元；华虹半 导体(01347)涨3.12%，报89.2港元；宏光半导体(06908)涨1.92%，报0.53港元；中芯国际(00981)涨 1.75%，报84.25港元。 华鑫证券指出，国内科技资产正在迅速增值，特别是核心的AI算力资产正在高速增值，其背后主要是 来自于国内对于高端AI算力的投入已经逐渐产业化并且正在高速迭代过程中，国产AI芯片大时代已经 来临，国产AI产业链从上游先进制程到先进封装，到下游字节阿里腾讯的模型加速迭代升级已经实现 全产业链打通，坚定看好国产AI算力设施的加速突破。民生证券表示，大国科技博弈背景下核心软硬 件国产化大势所趋，国产算力有望与国产软件实现共振，共同推动国产化生态的构建，进而实现高水平 科技自立自强的重要目标。 ...

从个股来看，10月27日有371只科创板个股获融资净买入，净买入金额在1亿元以上的有14只。其中，澜 起科技获融资净买入额居首，净买入6.75亿元；融资净买入金额居前的还有华虹公司、中芯国际、生益 电子、聚辰股份、九号公司、拓荆科技等股。 Wind统计显示，10月27日，科创板两融余额合计2586.03亿元，较上一交易日增加45.99亿元。其中，融 资余额合计2576.88亿元，较上一交易日增加45.73亿元；融券余额合计9.15亿元，较上一交易日增加0.26 亿元。 ...

获融资客净买入超5000万元的科创板股中，当日平均上涨1.93%，涨幅居前的有拓荆科技、生益电子、 影石创新等，分别上涨10.31%、8.87%、8.22%，跌幅居前的有惠泰医疗、海博思创、中科蓝讯等，跌 幅分别为13.44%、11.67%、3.89%。分行业统计，这些融资客青睐的科创板中，电子、通信、计算机等 行业最为集中，分别有17只、2只、2只个股上榜。 科创板融资余额环比前一日增加45.73亿元，其中，27股融资余额环比增加超5000万元，融资净买入居 前的有澜起科技、华虹公司、中芯国际等股。 证券时报·数据宝统计显示，截至10月27日，科创板两融余额合计2586.03亿元，较上一交易日增加46.00 亿元，其中，融资余额合计2576.88亿元，较上一交易日增加45.73亿元。 科创板股中，最新融资余额超亿元的有476只，其中，融资余额在10亿元以上的有45只，融资余额在 5000万元至1亿元的有83只，融资余额低于5000万元的有24只。 与前一交易日相比，科创板融资余额环比增加的共有371只，融资净买入超千万元的共有106只，融资净 买入在500万元至1000万元的有58只，融资净买入在100万元 ...

南向资金今日净买入28.73亿港元。其中中芯国际、腾讯控股、华虹半导体净买入额位列前三，分别获 净买入11.43亿港元、10.3亿港元、9.86亿港元。净卖出方面，阿里巴巴-W、理想汽车-W、小米集团-W 分别遭净卖出19.85亿港元、8.13亿港元、1.17亿港元。 ...

10月27日，华虹公司涨5.87%，截至发稿，报134.99元/股，成交54.46亿元，换手率10.48%，总市值 2342.69亿元。 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 新沃内需增长混合A（012143）成立日期2021年9月9日，最新规模850.55万。今年以来收益33.01%，同 类排名2606/8226；近一年收益26.55%，同类排名3262/8099；成立以来亏损42.18%。 新沃内需增长混合A（012143）基金经理为刘屾。 截至发稿，刘屾累计任职时间3年319天，现任基金资产总规模1092.69万元，任职期间最佳基金回 报-42.06%， 任职期间最差基金回报-43.17%。 资料显示，华虹半导体有限公司位于上海张江高科技园区哈雷路288号,香港中环夏悫道12号美国银行中 心2212室，成立日期2005年1月21日，上市日期2023年8月7日，公司主营业务涉及华虹半导体有限公司 是一家主要从事特色工艺晶圆代工的中国投资控 ...

Group 1 - The core focus of several fund managers in Q3 has been on PCB leading stocks, particularly East Mountain Precision, with notable increases in holdings by prominent funds [2][3] - The fund "Yongying Technology Smart Select" has shown significant performance, with a year-to-date return exceeding 200%, and has heavily invested in the PCB sector and optical module leaders [3][5] - Fund managers have expressed confidence in the A-share market, highlighting the potential for further asset allocation towards equity due to favorable domestic fiscal and monetary policies [10][11] Group 2 - Fund managers have adjusted their portfolios, with some reducing holdings in optical module leaders while increasing investments in the robotics industry [6][7] - The "Yongying Technology Smart Select" fund has seen its net asset value growth rate approach 100%, leading to a substantial increase in fund size from 11.66 billion to 115.21 billion [12] - There is a growing interest in Hong Kong stocks, with funds increasing their positions in companies like Alibaba and various biotech firms, reflecting a dual focus on technology and recovery sectors [9]

Core Viewpoint - The quarterly reports of four public funds managed by Feng Mingyuan of Xinda Australia Fund indicate a significant reduction in the number of shares held in major stocks, with some holdings decreased by over 50% compared to the end of the second quarter. However, there were increases in positions for stocks like GoerTek and Hengxuan Technology, and new significant investments in companies such as Amlogic and Juchip Technology [1][2][7]. Fund Holdings Changes - Major stocks such as Huahong Semiconductor, Zhaoyi Innovation, and Sitai-W saw significant reductions in holdings during the third quarter, with Huahong Semiconductor's shares decreasing by 51.75% to 501,505 shares [3][5]. - The report highlights that Feng Mingyuan's funds primarily focus on sectors like electronics, new energy, communications, automotive parts, and machinery, with advancements in AI and robotics expected to drive growth in these industries [1][7]. Performance and Fund Size - The performance of Feng Mingyuan's funds has been relatively strong, with the Xinda Leading Intelligent Manufacturing fund achieving a net return of 38.71% in the third quarter, while the median performance for mixed equity funds was 22.67% [10]. - However, there has been a noticeable decline in the total shares of the funds managed by Feng Mingyuan, with the total shares of Xinda Zhiyuan falling from 4.07 billion to 3.31 billion, indicating significant redemptions by institutional investors [10].

Core Viewpoint - The quarterly reports of four public funds managed by Xinda Australia Fund's Feng Mingyuan reveal a significant reduction in the number of holdings, with some stocks seeing a decrease of over 50% compared to the end of Q2 2023, while others like GoerTek and Hengxuan Technology received increased investments [1][2]. Group 1: Fund Holdings Changes - The funds have shown a notable reduction in holdings for stocks such as Huahong Semiconductor, Zhaoyi Innovation, and Sitaiwei-W, with Huahong Semiconductor's shares decreasing by 51.75% to 501,500 shares by the end of Q3 [1][2]. - In contrast, GoerTek and Hengxuan Technology saw increased positions, and some funds initiated new significant holdings in companies like Amlogic and Juchip Technology [1][2]. Group 2: Sector Focus - The fund manager indicated that the primary sectors for investment include electronics, new energy, communications, automotive parts, and machinery, with advancements in AI and robotics expected to drive growth in these industries [1][2]. Group 3: Fund Performance - Despite a cooling in the tech stock market during Q3, the performance of the funds managed by Feng Mingyuan is considered above average, with the highest net value return of 38.71% for the Xinda Leading Intelligent Manufacturing Mixed Fund [2]. - The median performance for mixed equity funds in Q3 was 22.67%, with the top-performing fund achieving a 100.06% increase [2]. Group 4: Fund Size Changes - The total share count for the funds managed by Feng Mingyuan has decreased, with the Xinda Zhiyuan three-year fund dropping from 4.07 billion shares at the end of Q2 to 3.31 billion shares by the end of Q3 [3]. - Institutional investors have also redeemed a significant number of shares from these funds, with one fund seeing a reduction of 77 million shares during the reporting period [3].

Market Overview - On October 27, the A-share market opened high, with the technology sector leading the gains. The Sci-Tech Chip 50 ETF (588750) rose over 2% at one point and was up over 1% by 9:44 AM, aiming for a second consecutive increase. The latest financing balance for the ETF exceeded 110 million yuan, marking a new high since its listing [1]. Semiconductor Industry Insights - The semiconductor industry is experiencing a price increase in storage components, with Flash Wafer prices rising across the board. DDR4 prices have increased to $13.00, $5.20, $5.50, $2.70, and $1.10, while DDR5 prices have also seen upward movement. Shanghai Securities suggests that the combination of price hikes and AI-driven demand may lead to a super cycle in the storage industry [2]. - A research team from Peking University has utilized cryo-electron tomography to analyze the micro-3D structure and entanglement behavior of photoresist molecules in liquid environments, which could significantly reduce lithography defects [3]. Lithography Equipment Market - Lithography machines are identified as the most complex and valuable segment of semiconductor equipment, with a market share of approximately 24% in 2024. The domestic market for lithography machines is crucial, as China currently relies heavily on imports for high-end models [4]. Performance of Sci-Tech Chip 50 ETF - The component stocks of the Sci-Tech Chip 50 ETF showed mixed performance, with companies like Zhongwei Company rising over 4% and Hu Silicon Industry increasing over 3%, benefiting from the price hikes in storage chips. Other companies such as Laiqi Technology and Cambrian also saw gains, while some stocks like Haiguang Information and Chip Origin experienced pullbacks [5]. Domestic Chip Production and Policy Support - China is projected to become the largest market for lithography machine procurement in 2024, with ongoing efforts to enhance domestic production capabilities. The "02 Special Project" aims to accelerate the development of key components such as optical systems and immersion systems, with companies like Shanghai Micro Electronics and Huazhu Precision making breakthroughs in certain ArF models [6]. - The domestic chip self-sufficiency rate is expected to rise from 16.6% in 2020 to 23.3% in 2023, with a focus on increasing production in mature process technologies, which currently account for over 70% of global chip capacity [7]. Growth Potential of Sci-Tech Chip Index - The Sci-Tech Chip Index is noted for its higher growth potential, with projected net profit growth rates of 71% for the first half of 2025 and 100% for the entire year, significantly outpacing peers. The index focuses on high-tech segments of the semiconductor industry, indicating strong elasticity and growth prospects [14].