高端装备半月谈——9 月份热点板块推荐 20250907 摘要 AI PCB 市场中，相关厂商如新锡微装、大族数控和东威分别在曝光机、 机械钻孔和脉冲电镀环节占据高市场份额，其资本开支预计占 2025 年 AI PCB 市场的 80%以上，股价表现相对较好，值得关注。 国产替代在 PCB 设备领域潜力巨大，胜宏科技依赖进口设备，但大族数 控和东威具备国产替代机会。预计 2025 下半年至 2026 上半年，二氧 化碳激光钻孔机和水平三合一电镀等领域将逐步实现国产替代。 苹果在 AI 领域投入显著增加，计划未来三年大幅增加生成式 AI 及相关 机器学习芯片和模型的投入，并承诺追加 1,000 亿美元投资，未来四年 总投资额达 9,000 亿美元。9 月后苹果将把移动端内置的 GPT-4 模型升 级到最新的 GPT-5。 2026 年和 2027 年将是苹果硬件创新大年，iPhone 17 首次适配端侧 AI 应用，采用超薄真空腔散热技术。预计 2026 年推出折叠屏手机，首 年销售预期为 1,000 万部，2027 年上升至 2,500 万部，利好伯特精工、 创世纪和福立旺等机械相关企业。 锂电设备行业迎来国内 ...

从资金流向上来看，当日自动化设备板块主力资金净流入1.2亿元，游资资金净流出4.42亿元，散户资金 净流入3.22亿元。自动化设备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 | | --- | --- | --- | --- | --- | --- | --- | --- | | 000988 华工科技 | | 3.01亿 | 4.12% | -1.42 乙 | -1.94% | -1.59 Z | -2.17% | | 300486 东杰智能 | | 6773.52万 | 4.21% | -4890.55万 | -3.04% | -1882.97万 | -1.17% | | 300757 | 罗博特科 | 6672.22万 | 3.36% | 4157.30万 | 2.09% | -1.08 Z | -5.45% | | 688777 中控技术 | | 4653.80万 | 6.60% | -2054.03万 | -2.91% | -2599.77万 | -3.69% | | 300400 ...

Group 1 - East China CNC and Qinchuan Machine Tool both hit the daily limit up, indicating strong market interest and positive sentiment towards these companies [1] - Other companies such as Lianying Laser, Yizhiming, Rifa Precision Machinery, Haitian Precision, Huazhong CNC, and Shandong Weida also experienced significant gains, reflecting a broader trend in the industry [1]

Group 1 - The core point of the news is that Lianying Laser (688518) has seen a net financing buy of 324.43 million yuan on September 1, 2025, with a financing balance of 2.88 billion yuan, indicating a positive trend in investor sentiment [1][4]. - Over the past three trading days, Lianying Laser has accumulated a total net buy of 3,048.46 million yuan, with 12 out of the last 20 trading days showing net financing purchases [1][4]. - The financing balance increased by 1.16% on September 1, 2025, compared to the previous day, reflecting a growing interest in the stock [4]. Group 2 - On the same day, the company experienced a short selling of 2,699 shares, with a total short selling balance of 4.04 million shares [3]. - The total margin trading balance reached 2.89 billion yuan, which is an increase of 333.09 million yuan from the previous day [4]. - The financing net buy on August 29, 2025, was particularly high at 15,801.2 million yuan, indicating fluctuating investor activity [2].

证券代码：688518 证券简称：联赢激光 公告编号：2025-023 深圳市联赢激光股份有限公司 董事、高管减持股份结果公告 本公司董事会、全体董事及相关股东保证本公告内容不存在任何虚假记载、 误导性陈述或者重大遗漏，并对其内容的真实性、准确性和完整性依法承担法律 责任。 重要内容提示： 减持价格区间 22.16～22.62元/股 上述股份，其中董事、副总经理李毅持有的 200,000 股为股权激励取得， 权激励取得，3,198 股为集中竞价交易取得；副总经理秦磊持有的 200,000 股为 股权激励取得；其余均来源于公司首次公开发行前持有的股份，且已于 2021 年 ? 减持计划的实施结果情况 减持股份计划公告》（公告编号：2025-020），公司董事、副总经理李毅、卢国 杰及副总经理秦磊计划通过集中竞价交易方式减持所持有的公司股份。李毅拟减 持数量不超过 160,400 股，占公司总股本的比例不超过 0.0470%；卢国杰拟减持 数量不超过 62,900 股，占公司总股本的比例不超过 0.0184%；秦磊拟减持数量 不超过 101,700 股，占公司总股本的比例不超过 0.0298%。上述减持计划自公告 ...

深圳市联赢激光股份有限公司 董事、高管减持股份结果公告 证券代码：688518 证券简称：联赢激光 公告编号：2025-023 本公司董事会、全体董事及相关股东保证本公告内容不存在任何虚假记载、 误导性陈述或者重大遗漏，并对其内容的真实性、准确性和完整性依法承担法律 责任。 1 重要内容提示： 董事、高管持股的基本情况 本次减持计划实施前，深圳市联赢激光股份有限公司（以下简称"公司"） 董事、副总经理李毅持有公司股份 641,892 股，占公司总股本的比例为 0.1881%； 董事、副总经理卢国杰持有公司股份 251,953 股，占公司总股本的比例为 0.0738%； 副总经理秦磊持有公司股份 406,947 股，占公司总股本的比例为 0.1192%。 上述股份，其中董事、副总经理李毅持有的 200,000 股为股权激励取得， 79,500 股为集中竞价交易取得；董事、副总经理卢国杰持有的 200,000 股为股 权激励取得，3,198 股为集中竞价交易取得；副总经理秦磊持有的 200,000 股为 股权激励取得；其余均来源于公司首次公开发行前持有的股份，且已于 2021 年 6 月 22 日解除限售并上市流 ...

证券之星消息，8月28日自动化设备板块较上一交易日上涨2.19%，思泰克领涨。当日上证指数报收于 3843.6，上涨1.14%。深证成指报收于12571.37，上涨2.25%。自动化设备板块个股涨跌见下表： 从资金流向上来看，当日自动化设备板块主力资金净流出10.77亿元，游资资金净流出2.77亿元，散户资 金净流入13.54亿元。自动化设备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 | | --- | --- | --- | --- | --- | --- | --- | --- | | 000988 | 华工科技 | 4.77 Z | 7.36% | -2.95 Z | -4.55% | -1.82 Z | -2.81% | | 300227 | 光韵达 | 1.12 Z | 13.86% | -833.24万 | -1.03% | -1.04亿 | -12.83% | | 301568 | 闘泰克 | 1 1.07亿 | 9.63% | -9716.39万 | -8.72% | -10 ...

Macro Strategy - The core viewpoint highlights the unprecedented removal of Federal Reserve Governor Cook by Trump, raising concerns about the independence of the Federal Reserve and the potential for more "Trump-aligned" appointees, which could lead to increased expectations for interest rate cuts in the future [1] - Following the removal announcement, market reactions included rising long-term U.S. Treasury yields and gold prices, while the U.S. dollar index declined, indicating a shift in investor sentiment towards risk assets [1] Fixed Income - The report indicates a cautious approach in the convertible bond market, suggesting a reduction in exposure to high-priced targets while increasing allocations to ETFs to balance risks [2][3] - The 10-year government bond yield increased from 1.745% to 1.785%, reflecting market adjustments to macroeconomic conditions [2] Industry Insights - New Lai Ying Material (300260) reported improved Q2 performance, benefiting from growth in the semiconductor and liquid cooling sectors, with a focus on domestic substitution and an optimized customer structure [5][6] - Li Yuan Heng (688499) achieved profitability with a robust order backlog in solid-state battery equipment, indicating a strong operational cash flow and successful delivery to major clients [7] - Jin Zai Food (003000) is experiencing a Q2 adjustment period, leading to a downward revision of profit forecasts for 2025-2027, reflecting a mismatch between internal expansion strategies and external market conditions [8][9] - Anpei Long (301413) reported steady growth in its temperature and pressure sensor business while investing in humanoid robotics, adjusting profit forecasts for 2025-2026 [10] - Xinde New Materials (301349) is seeing significant growth in fast-charging products, with profit forecasts adjusted upwards due to improved margins [11] - The report on China National Railway (601766) indicates strong growth in H1 2025, driven by recovery in railway fixed asset investments [18] - The report on China Duty Free Group (601888) highlights a narrowing revenue decline in Q2 2025, with a focus on expanding city store operations to boost sales [31] - Yun Aluminum (000807) reported a 17.98% increase in revenue for H1 2025, with a focus on maintaining high profit margins amid fluctuating aluminum prices [32][33]

- The report does not contain any quantitative models or factors for analysis

Group 1: Wei Xing New Material (伟星新材) - The company is facing industry demand pressure and is responding by enhancing product capabilities, accelerating business transformation, and implementing cost-saving measures [1] - The company has achieved channel penetration in Jiangsu, Zhejiang, and Shanghai, with plans for selective expansion in other regions [1] - In the first half of 2025, product prices are expected to decline year-on-year but recover gradually on a quarter-on-quarter basis [1] - The company is focusing on new product combinations and water ecosystem initiatives for stable development, while the waterproof business is growing steadily [1] - The company aims to accelerate international strategic layout through R&D, production, and sales [1] - The company plans to deepen retail business and accelerate engineering business transformation in the second half of the year [1] Group 2: Lian Ying Laser (联赢激光) - The company achieved revenue of 1.533 billion yuan in the first half of 2025, a year-on-year increase of 5.3%, with a net profit of 57.92 million yuan, up 13.16% [2] - New orders signed in the first half totaled 2.5 billion yuan, with 1.7 billion yuan from lithium battery business and 800 million yuan from non-lithium battery business [2] - The company is involved in semi-solid and all-solid battery equipment, having delivered 7 assembly segment devices to leading customers [2] - The company has made progress in various fields including semiconductors, photovoltaics, hydrogen fuel, relays, and medical devices [2] - The company plans to establish bases in Germany, the United States, Hungary, Hong Kong, and Thailand [2] Group 3: Xin Yuan Fund (鑫元基金) - As of now, the fund has an asset management scale of 212.577 billion yuan, ranking 35th among 210 [3] - The fund manages 165 public funds, ranking 46th among 210 [3] - The best-performing public fund product in the past year is Xin Yuan Guo Zheng 2000 Index Enhanced A, with a net value of 1.36 and a growth of 82.6% in the past year [3]