Core Insights - The public fund industry has experienced a fruitful year in the structural bull market, with active equity funds making a significant comeback, particularly supported by the AI computing and innovative pharmaceutical sectors [1][2]. Group 1: Fund Performance - A total of 53 funds have achieved over 100% returns year-to-date as of September 30, with 42 of these being active equity funds, showcasing the fund managers' effective strategies in high-growth sectors [2][4]. - The top-performing fund, managed by Ren Jie, achieved a return of 194.49%, heavily investing in the overseas computing industry chain, with significant contributions from stocks like Shenghong Technology, which surged 581% this year [2][3]. - Other notable funds include Zhang Wei's fund with a 155.09% return, focusing on Hong Kong's innovative pharmaceuticals, and Feng Ludan's fund with a 140.86% return, both capitalizing on the AI industry chain [3]. Group 2: Commodity Performance - Gold ETFs have emerged as the standout performers in the commodity fund sector, with all 14 gold ETFs showing gains exceeding 40% year-to-date, driven by rising international gold prices [5][6]. - The highest-performing gold ETFs, managed by Zhao Xu and Rong Ying, reported returns of 41.48% and 41.47%, respectively, reflecting strong long-term investment value [5][6]. Group 3: Market Outlook - Looking ahead to Q4, several fund companies suggest maintaining a focus on growth sectors while also considering cyclical and consumer stocks, as the market has already seen significant gains [7][8]. - The ongoing AI technology innovation is expected to provide a premium valuation for related assets, despite potential short-term volatility [8][9]. - The overall market sentiment remains bullish, with continued optimism for emerging technologies and cyclical financial sectors, particularly in the context of the "anti-involution" policies that may enhance competition in the renewable energy sector [9].

以最新收盘价计算，科创板平均股价为42.37元，其中股价超100元的有75只，股价最高的是寒武纪-U。 证券时报·数据宝统计显示，科创板股今日上涨的有404只，下跌的有177只，以收盘价为基准测算，科 创板平均股价为42.37元，其中，收盘价超过100元的有75只，股价在50元至100元之间的有147只，股价 在30元至50元的有145只。 科创板股中，收盘价最高的是寒武纪-U，今日报收1323.50元，下跌1.16%，其次是茂莱光学、源杰科技 等，最新收盘价分别为424.80元、410.23元。 科创板百元股中，今日平均上涨2.31%，具体来看，今日上涨的有51只，涨幅居前的有海博思创、源杰 科技、开普云等。下跌的有23只，跌幅居前的有合合信息、百利天恒、腾景科技等。 今日有1只股收盘价首次突破百元大关，京仪装备最新收盘价107.49元，今日上涨9.18%，全天换手率 7.03%，成交额8.59亿元，全天主力资金净流出1716.43万元。 资金流向方面，科创板百元股今日主力资金合计净流出11.21亿元，净流入资金居前的有澜起科技、中 微公司、财富趋势等，净流入资金分别为30168.89万元、27102.90 ...

| 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | | --- | --- | --- | --- | --- | --- | --- | | 688498 | 源杰科技 | 410.23 | 12.08% | 5.02万 | | 19.79亿 | | 688449 | 联芸科技 | 61.48 | 11.99% | 12.81万 | | 7.63亿 | | 688082 | 奥士海 | 202.88 | 9.99% | 7.86万 | | 14.98 乙 | | 688652 | 京仪装备 | 107.49 | 9.18% | 8.37万 | | 8.59亿 | | 688352 | 顾中科技 | 14.63 | 9.18% | 58.14万 | | 8.55亿 | | 300604 | 长川科技 | 104.12 | 8.91% | 111.23万 | | 110.47亿 | | 688332 | 中科蓝讯 | 154.18 | 8.51% | 9.78万 | | 15.15 Z | | 001309 | 德明利 | 186.08 | 8.00% | 19.51万 | ...

Core Viewpoint - The CPO concept experienced fluctuations but rebounded during trading, with several companies showing significant gains, particularly Yuanjie Technology, which rose over 10% [1] Company Performance - Yuanjie Technology saw an increase of more than 10% in its stock price [1] - Other companies that performed well include Huagong Technology, Xinyi Sheng, Guangku Technology, Zhongji Xuchuang, and Guangxun Technology, all of which had notable gains [1]

9月26日，源杰科技跌5.03%，截至发稿，报362.00元/股，成交5.99亿元，换手率2.68%，总市值311.13 亿元。源杰科技股价已经连续4天下跌，区间累计跌幅4.23%。 资料显示，陕西源杰半导体科技股份有限公司位于陕西省西咸新区沣西新城开元路1265号，成立日期 2013年1月28日，上市日期2022年12月21日，公司主营业务涉及光芯片的研发、设计、生产与销售。主 营业务收入构成为：数据中心类及其他51.04%，电信市场类48.73%，技术服务及其他0.23%。 截至发稿，夏正安累计任职时间2年346天，现任基金资产总规模14.18亿元，任职期间最佳基金回报 34.33%， 任职期间最差基金回报16.61%。 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，汇添富基金旗下1只基金重仓源杰科技。汇添富科创板2年定开混合（506006）二季度持有股 数12.56万股，占基金净值比例为1.91%，位居第五大重仓股。根据测算，今日浮亏 ...

Core Viewpoint - The article discusses the development stages and policies of China's optoelectronic chip industry, highlighting the transition from initial layout to large-scale application and quality improvement, with future goals set for comprehensive upgrades and ecosystem construction by 2025 [1][2]. Policy Development Stages - The optoelectronic chip industry in China has undergone four stages: 1. Initial layout (2015-2017) focusing on infrastructure and emerging industry cultivation 2. Technological breakthroughs and application exploration (2018-2021) emphasizing core technology and localization 3. Large-scale application and quality enhancement (2022-2023) aimed at expanding scenarios and improving quality 4. Comprehensive upgrade and ecosystem construction (2024-2025) centered on technological innovation and standard improvement [1]. National Policy Summary - The optoelectronic chip is crucial for optical signal conversion, offering advantages such as small size, low power consumption, and high integration, which enhance transmission efficiency in optical communication systems [2]. - Since 2016, multiple policies have been issued by the State Council and the Ministry of Industry and Information Technology to support the development of the optoelectronic chip industry [2]. Key Policies and Plans - A summary of key policies and plans until 2025 includes: - Guidelines for updating and transforming production and testing equipment in electronic components [4]. - Implementation of the future industry innovation development plan to address foundational component shortages [4]. - Standardization initiatives for electronic information manufacturing and high-end chip standards [4][8]. - Plans to enhance the reliability of electronic components and promote the development of high-performance power semiconductors [5][6]. Impact of National Policies - National policies influence the optoelectronic chip industry through: - Encouragement of common key technology and frontier technology research [11]. - Implementation of industrial foundation reconstruction projects to strengthen supply chain resilience [11]. - Development of standard systems and expansion of application scenarios in various fields [11][13]. Provincial Policies Overview - Various provinces have introduced policies to support the optoelectronic chip industry, focusing on: - Technological breakthroughs in silicon photonic chips and high-speed optical communication chips [14][20]. - Financial subsidies and the establishment of innovation platforms, such as Guangdong's plan to create over ten innovation platforms [14]. - Collaborative development of industrial clusters and expansion into applications in 5G and quantum technology [20][18].

Group 1 - The core point of the news is that Yuanjie Technology's stock price has dropped by 5.24%, currently trading at 367.82 CNY per share, with a total market capitalization of 31.613 billion CNY [1] - Yuanjie Technology, established on January 28, 2013, specializes in the research, design, production, and sales of optical chips, with its main business revenue composition being 51.04% from data center and other sectors, and 48.73% from the telecommunications market [1] Group 2 - From the perspective of fund holdings, Zhongyou Fund has a significant position in Yuanjie Technology, with its Zhongyou Value Selected Mixed A Fund holding 5,900 shares, accounting for 2.39% of the fund's net value [2] - The Zhongyou Value Selected Mixed A Fund has achieved a year-to-date return of 39.89% and a one-year return of 80.46%, ranking 1773 out of 8173 and 1261 out of 7996 respectively [2] - The fund manager, Ma Shuli, has been in charge for 3 years and 25 days, with the fund's total asset size currently at 48.2309 million CNY [2]

Investment Rating - Industry investment rating: Positive (maintained) [1] Core Insights - The demand for AI computing power is driving the growth of the optical communication industry, with significant advancements in silicon photonics technology, which is becoming the mainstream solution for 1.6T high-speed optical modules [4] - The partnership between OpenAI and NVIDIA aims to deploy at least 10GW of AI data centers, which is expected to double NVIDIA's GPU shipments in 2025, indicating a strong market demand for AI infrastructure [3][4] - The introduction of NVIDIA's Rubin CPX GPU is anticipated to enhance AI application inference and increase demand for liquid cooling solutions, thereby benefiting the liquid cooling sector [5][6] Summary by Sections Industry Overview - The optical communication network is undergoing continuous upgrades, with a focus on new technologies such as OCS, hollow-core fibers, thin-film lithium niobate, and CPO, which are gaining attention and maturity [4] Market Opportunities - The competitive advantages of leading companies in the optical module sector are expected to strengthen, with rising demand for CW lasers and certain passive components [4] - The launch of the Rubin CPX GPU is projected to create additional liquid cooling demand, as it significantly increases processing capabilities and total power consumption [5][6] Recommended Stocks - Strong recommendations for leading companies in the optical module and liquid cooling sectors include: Zhongji Xuchuang, Xinyi Sheng, Yingweike, Tianfu Communication, and Yuanjie Technology [6]

Group 1 - The average stock price of the Sci-Tech Innovation Board is 41.20 yuan, with 73 stocks priced over 100 yuan and the highest being Cambrian-U at 1350.38 yuan [1][2] - Today, 136 stocks on the Sci-Tech Innovation Board rose, while 448 fell, with the average price of stocks over 100 yuan increasing by 0.23% [1][2] - The stock with the first closing price above 100 yuan today is Saiwei Microelectronics, closing at 100.01 yuan, up 5.85% with a turnover rate of 7.39% and a transaction amount of 386 million yuan [1][2] Group 2 - The average premium of stocks over 100 yuan relative to their issue price is 406.15%, with Cambrian-U, Anji Technology, and Baile Tianheng having premiums of 1997.19%, 1446.81%, and 1379.80% respectively [2] - The sectors with the highest concentration of stocks over 100 yuan include electronics, pharmaceuticals, and computers, with 37, 12, and 9 stocks respectively [2] - The net outflow of main funds from stocks over 100 yuan today totaled 4.25 billion yuan, with the highest net inflows seen in Zhongwei Company, Cambrian-U, and Chipone Technology [2][3] Group 3 - The total financing balance for stocks over 100 yuan is 92.298 billion yuan, with the highest balances in Zhongxin International, Cambrian-U, and Haiguang Information [2] - The total margin balance is 427 million yuan, with the highest balances in Haiguang Information, Cambrian-U, and Zhongxin International [2] - A detailed list of stocks over 100 yuan includes Cambrian-U, Maolai Optics, and Yuanjie Technology, with their respective closing prices and daily changes [3][4]

每经AI快讯，9月23日，CPO等算力硬件股盘初活跃，中际旭创涨超8%，新易盛涨超7%，天孚通信涨 超6%，胜宏科技、景旺电子、源杰科技跟涨。 每日经济新闻 ...