以最新收盘价计算，A股平均股价为13.99元，其中股价超过100元的有184只，相比上一个交易日增加4 只。 | 688111 | 金山办公 | 302.55 | 0.17 | 0.01 | 计算机 | | --- | --- | --- | --- | --- | --- | | 300476 | 胜宏科技 | 299.51 | -3.16 | 3.85 | 电子 | | 603129 | 春风动力 | 280.80 | 1.01 | 0.63 | 汽车 | | 688235 | 百济神州 | 273.05 | -1.75 | 0.02 | 医药生物 | | 688012 | 中微公司 | 272.72 | 0.00 | 0.00 | 电子 | | 605499 | 东鹏饮料 | 272.11 | -1.25 | 0.18 | 食品饮料 | | 688411 | 海博思创 | 264.78 | -4.06 | 0.09 | 电力设备 | | 688692 | 达梦数据 | 258.28 | -1.04 | 0.01 | 计算机 | | 301308 | 江波龙 | 255.22 | -0.09 | 6.24 ...

（原标题：12月25日科创板主力资金净流出16.89亿元） 沪深两市全天主力资金净流出181.29亿元，其中，科创板主力资金净流出16.89亿元，主力资金净流入的有230只股，主力资金净流出的有368只 股。 证券时报•数据宝统计显示，今日科创板个股上涨的有439只，下跌的有152只。其中，上市5日内的有C健信、优迅股份等，今日跌幅较高的有C健 信、优迅股份，跌幅为8.28%、6.43%。 资金流向方面，今日主力资金净流入的科创板股共有230只，其中，10只个股主力资金净流入超亿元，臻镭科技主力资金净流入4.82亿元，净流入 资金居首；长光华芯、源杰科技紧随其后，全天净流入资金分别为4.59亿元、3.15亿元。主力资金净流出的有368只，净流出资金最多的是摩尔线 程-U，该股今日下跌0.81%，全天主力资金净流出4.15亿元，其次是生益电子、晶合集成，主力资金净流出分别为3.17亿元、2.84亿元。 上市5日内的C健信今日下跌8.28%，主力资金净流入4463.55万元；资金净流出较多的是优迅股份，今日主力资金净流出2.11亿元。 从主力资金连续性进行观察，共有40只个股主力资金连续3个交易日以上持续净流入， ...

12月25日，源杰科技涨5.03%，截至发稿，报678.00元/股，成交23.37亿元，换手率4.22%，总市值 582.73亿元。源杰科技股价已经连续3天上涨，区间累计涨幅4.62%。 汇丰晋信科技先锋股票（540010）基金经理为陈平。 截至发稿，陈平累计任职时间10年157天，现任基金资产总规模5.79亿元，任职期间最佳基金回报 77.43%， 任职期间最差基金回报-29.93%。 从基金十大重仓股角度 数据显示，汇丰晋信基金旗下1只基金重仓源杰科技。汇丰晋信科技先锋股票（540010）三季度持有股 数13.42万股，占基金净值比例为9.94%，位居第一大重仓股。根据测算，今日浮盈赚取约435.39万元。 连续3天上涨期间浮盈赚取382.52万元。 汇丰晋信科技先锋股票（540010）成立日期2011年7月27日，最新规模5.79亿。今年以来收益99.31%， 同类排名33/4197；近一年收益90.83%，同类排名40/4170；成立以来收益275.85%。 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 ...

12月25日，源杰科技涨5.03%，截至发稿，报678.00元/股，成交23.22亿元，换手率4.19%，总市值 582.73亿元。源杰科技股价已经连续3天上涨，区间累计涨幅4.62%。 德邦科技创新一年定开混合A（009432）成立日期2020年11月24日，最新规模9442.34万。今年以来收益 68.07%，同类排名486/8087；近一年收益68.58%，同类排名397/8071；成立以来收益27.85%。 德邦科技创新一年定开混合A（009432）基金经理为雷涛。 截至发稿，雷涛累计任职时间3年364天，现任基金资产总规模134.9亿元，任职期间最佳基金回报 299.35%， 任职期间最差基金回报-35.5%。 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 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 ...

Group 1 - The A-share market saw a majority of semiconductor stocks rise, with Zhenlei Technology increasing by over 16% [1] - Hengshuo Co. experienced a rise of over 14% [1] - Fudan Microelectronics and Chengdu Huami both rose by over 13% [1] Group 2 - Changchuan Technology increased by nearly 9% [1] - Jingfeng Mingyuan saw an increase of over 7% [1] - Beijing Junzheng and Hongwei Technology both rose by over 6% [1] Group 3 - Juxin Technology increased by over 5% [1] - Hangyu Micro, Ruichuang Weina, Xindong Linke, Yandong Micro, and Yuanjie Technology all rose by over 4% [1]

以最新收盘价计算，科创板平均股价为42.60元，其中股价超100元的有81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507只，下跌的有90只，以收盘价为基准测算，科创 板平均股价为42.60元，其中，收盘价超过100元的有81只，股价在50元至100元之间的有135只，股价在 30元至50元的有143只。 科创板股中，收盘价最高的是寒武纪-U，今日报收1326.20元，下跌0.74%，其次是源杰科技、摩尔线 程-U等，最新收盘价分别为645.55元、634.01元。 融资融券方面，百元股最新（12月23日）融资余额合计1054.95亿元，融资余额居前的有寒武纪-U、中 芯国际、海光信息等，最新融资余额分别为155.37亿元、130.23亿元、73.90亿元。最新融券余额合计为 4.61亿元，融券余额居前的有海光信息、寒武纪-U、中芯国际等，最新融券余额分别为0.35亿元、0.31 亿元、0.26亿元。（数据宝） 科创板百元股一览 | 代码 | 简称 | 最新收盘价（元） | 今日涨跌（%） | 换手率（%） | 行业 | | --- | --- | --- | --- | - ...

智通财经APP获悉，12月22日共有18家上市公司的限售股解禁，解禁总市值约1029.66亿元。 | 股票简称 | 股票代码 | 限售股类型 | 解禁股数 | | --- | --- | --- | --- | | 沃顿科技 | 000920 | 增发A股法人配售上市 | 5062.11万 | | 中恒集团 | 600252 | 股权激励限售流通 | 235.95万 | | 华电能源 | 600726 | 增发A股法人配售上市 | 47.28亿 | | 中航重机 | 600765 | 股权激励限售流通 | 268万 | | 南京港 | 002040 | 股权激励限售流通 | 15.18万 | | 潍柴动力 | 000338 | 股权激励限售流通 | 2348.1万 | | 首创证券 | 601136 | 发行前股份限售流通 | 22.52亿 | | 安控科技 | 300370 | 其他 | 2.37亿 | | 新亚制程 | 002388 | 股权激励限售流通 | 346.55万 | | 兆易创新 | 603986 | 股权激励限售流通 | 6.46万 | | 甘李药业 | 603087 | 股权激励限售流通 ...

Investment Rating - Industry investment rating: Positive (maintained) [1] Core Views - The report highlights the potential recovery in fiber optic cable prices driven by increased demand from AI applications and the acceleration of domestic AI bidding processes [6][19] - The AI ecosystem is continuously evolving, with significant advancements in models and infrastructure, particularly from major players like ByteDance and Google [15][16] - The demand for fiber optic cables is expected to rise due to the increasing requirements for internal network connectivity in AI model training and application deployment [18] Summary by Sections 1. Weekly Investment Insights - The opening of the Volcano Engine FORCE conference showcased advancements in AI agent technology and cloud-native architecture [13] - The daily token usage of the Doubao model has surpassed 50 trillion, indicating rapid industry adoption [15] - Google is enhancing its AI ecosystem, with new TPU chips expected to drive demand for liquid cooling solutions [16] - Companies are increasingly interested in renting TPU chips, which will further stimulate ASIC demand [17] - AI is driving the demand for fiber optic cables, with prices expected to recover [18] - Investment recommendations focus on key sectors such as optical networks, liquid cooling, and domestic computing power [19] 2. Communication Data Tracking - As of October 2025, the total number of 5G base stations in China reached 4.758 million, with a net increase of 507,000 from the end of 2024 [28] - The number of 5G mobile phone users reached 1.184 billion, reflecting a year-on-year growth of 18.99% [28] - The shipment of 5G mobile phones in September 2025 was 24.106 million units, representing an 8.02% year-on-year increase [28] 3. Operator Performance - The revenue from cloud services for major operators showed strong growth, with China Mobile's cloud revenue reaching 56.1 billion yuan, up 11.3% year-on-year [47] - China Telecom's cloud revenue for the first half of 2025 was 57.3 billion yuan, a 3.8% increase [47] - The ARPU values for major operators remained stable, with slight decreases noted for China Unicom [47][52]

Core Viewpoint - The capital heat in the optical communication industry is expanding from the secondary market to IPOs, private placements, and mergers and acquisitions, driven by the demand for AI computing power and the emergence of CPO technology as a core infrastructure [2][11]. Company Overview - Yuanjie Technology is planning an A+H listing, having achieved a turnaround in the first three quarters of the year with a revenue of 383 million, a year-on-year increase of 115.09%, and a net profit of 106 million, marking a return to profitability [3][11]. - The company specializes in the research, design, production, and sales of optical chips, including products for telecommunications, data centers, and automotive laser radar markets [3][5]. Financial Performance - Despite the revenue growth, Yuanjie Technology has experienced significant performance volatility, particularly in 2024, where it faced losses amid substantial industry growth [3][6]. - The company's sales and management expense ratios are around 20%, significantly higher than peers, which erodes profits [3][6]. IPO and Fund Utilization - Yuanjie Technology's IPO in December 2022 raised 1.5 billion for three projects, all of which have been delayed, with the 50G optical chip project seeing only 44.85% of planned investment completed [7][11]. - The company has faced inventory write-down losses amounting to approximately 10% of revenue, attributed to ongoing product price declines [5][11]. Market Context - The CPO market is projected to reach $8.1 billion by 2030, with a compound annual growth rate of 137%, indicating a rapidly growing sector [11]. - The competition in the optical chip field is intensifying, necessitating continuous investment in capacity expansion and technological research [5][11].

Core Viewpoint - The capital market is experiencing a surge in interest in the optical communication industry, driven by the demand for AI computing power and the emergence of companies like Source Technology planning to list in Hong Kong, despite facing significant operational challenges and financial instability [1][11]. Company Overview - Source Technology specializes in the research, design, production, and sales of optical chips, including products for telecommunications, data centers, and automotive laser radar markets [2]. - The company reported a revenue of 383 million, a year-on-year increase of 115.09%, and a net profit of 106 million, marking a turnaround from previous losses [3]. Financial Performance - Despite the revenue growth, Source Technology has experienced significant volatility in its financial performance, with high sales and management expense ratios around 20%, which is considerably above industry peers [3][5]. - The company has struggled with cash flow, maintaining a collection ratio between 60% and 90% since 2021, leading to a situation where operating cash flow is significantly lower than capital expenditures [5]. IPO and Fund Utilization - Source Technology's IPO in December 2022 raised 1.5 billion for various projects, but all three fundraising projects have faced delays, with only 44.85% and 28.22% of the planned investments made in the 50G optical chip industrialization and R&D center projects, respectively [8][10]. - The company is in a critical phase of capacity expansion and technological development, necessitating continuous funding to support rapid technological iterations in the optical chip sector [7]. Market Context - The CPO market is projected to reach $8.1 billion by 2030, with a compound annual growth rate of 137%, indicating a significant growth opportunity within the optical communication industry [11]. - The ongoing capital operations in the optical communication sector raise questions about whether they represent a necessary step to secure technological leadership or if they are indicative of potential overcapacity and irrational market positioning [11].