资料显示，苏州盛科通信股份有限公司位于江苏省苏州工业园区江韵路258号，成立日期2005年1月31 日，上市日期2023年9月14日，公司主营业务涉及以太网交换芯片及配套产品的研发、设计和销售。主 营业务收入构成为：以太网交换芯片72.43%，以太网交换芯片模组11.94%，以太网交换机10.48%，定 制化解决方案及其他3.18%，授权许可1.97%。 从盛科通信十大流通股东角度 数据显示，汇添富基金旗下1只基金位居盛科通信十大流通股东。汇添富移动互联股票A（000697）三 季度新进十大流通股东，持有股数137.85万股，占流通股的比例为0.68%。根据测算，今日浮盈赚取约 1098.67万元。 1月30日，盛科通信涨5.14%，截至发稿，报163.15元/股，成交8.38亿元，换手率2.66%，总市值668.91 亿元。 截至发稿，沈若雨累计任职时间5年20天，现任基金资产总规模85.48亿元，任职期间最佳基金回报 112.36%， 任职期间最差基金回报-2.57%。 从基金十大重仓股角度 数据显示，汇添富基金旗下1只基金重仓盛科通信。汇添富移动互联股票A（000697）四季度减持28.8万 股，持有股 ...

Investment Rating - The industry investment rating is maintained as "Positive" [2] Core Insights - The report emphasizes the transition to the "SuperNode" era in computing infrastructure, driven by the increasing computational demands of AI models, which are evolving from pre-training to multi-faceted scaling [14][17] - The SuperNode architecture relies on enhanced interconnectivity, integrating multiple computing chips into a logical "super GPU/ASIC" to overcome the limitations of traditional single-server setups [39] - The report identifies three main investment themes: "Network End + AIDC + Computing End" and four key sectors: "Optical + Liquid Cooling + Power Supply + Chips" [7] Summary by Sections 1. Transition to SuperNode Era - The evolution of AI models necessitates a shift in computational infrastructure, with demands for higher performance and efficiency [14] - The report highlights the rapid growth in model parameters and training data, indicating a need for advanced computational clusters [14] 2. SuperNode Architecture - SuperNode clusters are defined as large-scale GPU/ASIC systems that expand from thousands to millions of computational units, utilizing both Scale Up and Scale Out strategies [17] - The architecture includes components such as computing nodes, switch trays, and power supply units, which are essential for the operation of SuperNode systems [80] 3. Upgrades in Key Components - The report notes that the increasing penetration of SuperNode servers will drive demand for high-power supplies, liquid cooling systems, and optical communication technologies [5][80] - Specific companies are highlighted as beneficiaries in the sectors of optical modules, liquid cooling, server power supplies, and exchange chips [7] 4. Domestic SuperNode Development - The report discusses the progress of domestic SuperNode solutions, particularly Huawei's Atlas 900 A3 and Atlas 960, which are designed to enhance the performance of domestic AI clusters [6][112] - The performance of domestic chips is shown to improve significantly when deployed in SuperNode configurations, effectively compensating for individual chip limitations [112]

Core Viewpoint - The A-share market shows a significant loss effect, with over 4,400 stocks in the red during early trading, but major indices managed to close slightly higher due to the support from heavyweight stocks [1][14]. Market Performance - A total of 3,454 stocks closed lower, while the Shanghai Composite Index rose by 0.18% to 4,139.9 points, and the ChiNext Index increased by 0.71% to 3,342.6 points [5][12]. - The market's trading volume decreased by 359.3 billion yuan compared to the previous trading day, totaling 2.92 trillion yuan [5][12]. - Margin trading balance in the Shanghai and Shenzhen markets increased to 2.73 trillion yuan as of January 26 [5]. Sector Performance - The semiconductor, communication equipment, and aerospace sectors saw significant activity, with storage chips, optical communication modules, and automotive chips each rising over 3% [6][11]. - The coal and agriculture sectors experienced declines, with coal dropping over 2% [6][12]. - Notable gainers included electronic stocks, with several companies reaching their daily limit up, such as Dongxin Co. and Shengke Communication, both up by 20% [8][10]. Investment Sentiment - The market reflects a strong divergence, with heavyweight stocks supporting the index while small-cap stocks face significant outflows [14][19]. - Investors are advised to focus on sectors benefiting from "anti-involution" policies and to monitor changes in policy and capital flow closely [4][16]. - The current market environment is characterized by a cautious sentiment, with many investors adopting a wait-and-see approach ahead of the Spring Festival [4][14]. Recommendations - Investment strategies should prioritize sectors with strong earnings visibility, such as industrial resources and technology stocks with solid order support [17][18]. - It is recommended to avoid high-valuation stocks without fundamental support and to consider defensive positions in the current market volatility [18][19].

Market Overview - The A-share market showed a significant loss effect, with over 4,400 stocks in the red during the morning session, but major indices managed to close slightly higher due to the support from heavyweight stocks [1][12] - The market's trading volume decreased by 359.3 billion yuan compared to the previous trading day, indicating a cautious sentiment among investors ahead of the Spring Festival [4][12] Sector Performance - Semiconductor, communication equipment, and aerospace sectors were notably active, with storage chips and automotive chips seeing gains of over 3% [5][10] - The coal and agriculture sectors experienced the largest declines, with coal stocks dropping over 2% [5][11] Stock Highlights - Several electronic stocks hit the daily limit, including Dongxin Co. and Shengke Communication, both rising by 20% [7][9] - In the defense sector, stocks like Triangle Defense and Aviation Power saw significant increases, with Triangle Defense rising over 11% [10][11] Investment Sentiment - Investors are advised to focus on sectors benefiting from "anti-involution" policies and to monitor changes in policy and capital flow, while avoiding stocks driven solely by speculative themes [3][12] - The market is expected to maintain a volatile pattern in the short term, with the Shanghai Composite Index likely to fluctuate between 4,050 and 4,200 points [15][16]

1月27日，芯片产业引领的硬科技先抑后扬，大幅拉升。存储芯片概念股带头走强，东芯股份20%涨 停，芯源微涨超11%；此外，盛科通信-U涨停封板，华虹公司涨近8%续创历史新高！ | 序号 | 代码 | 名称 | 现价 | 涨跌幅 | 成交额 | | --- | --- | --- | --- | --- | --- | | 1 | 688110 | 东芯股份 | 153.23 | 20.00% | 64.08亿 | | 2 | 688702 | 盛科通信-U | 162.53 | 20.00% | 14.61亿 | | 3 | 688037 | 芯源微 | 222.63 | 11.31% | 27.70亿 | | 4 | 688498 | 源杰科技 | 817.00 | 11.16% | 36.45 Z | | 5 | 688536 | 思瑞浦 | 198.86 | 8.34% | 14.60亿 | | 6 | 688347 | 未可以当 | 153.88 | 7.72% | 37.78亿 | | 7 | 688200 | 华峰测控 | 274.00 | 7.45% | 10.27 Z | | 8 | 6883 ...

盘面上，半导体板块今日走强，盛科通信、东芯股份20%涨停，金海通、电科芯片等涨停；培育钻 石概念活跃，四方达涨超14%，黄河旋风涨停。此外，贵金属、光伏设备、航天航空、保险、存储芯片 概念等板块涨幅居前；煤炭、能源金属、医药商业、房地产服务、燃气、酿酒、钛白粉概念等板块跌幅 居前。 编辑：何颖曦 中国经济周刊-经济网讯 截至收盘，上证指数报4139.90点，上涨0.18%，成交额12894.32亿元；深 证成指报14329.91点，上涨0.09%，成交额16055.49亿元；创业板指报3342.60点，上涨0.71%，成交额 7450.43亿元。 ...

1月27日，芯片产业引领的硬科技先抑后扬，大幅拉升。存储芯片概念股带头走强，东芯股份20%涨停，芯源微涨超11%；此外，盛科通信-U涨停封板，华 虹公司涨近8%续创历史新高！ | 序号 | 代码 | 名称 | 现价 | 涨跌幅 | 成交额 | | --- | --- | --- | --- | --- | --- | | 1 | 688110 | 东芯股份 | 153.23 | 20.00% | 64.08亿 | | 2 | 688702 | 盛科通信-U | 162.53 | 20.00% | 14.61亿 | | 3 | 688037 | 芯源微 | 222.63 | 11.31% | 27.70亿 | | 4 | 688498 | 源杰科技 | 817.00 | 11.16% | 36.45 Z | | 5 | 688536 | 思瑞浦 | 198.86 | 8.34% | 14.60亿 | | 6 | 688347 | 中国公司 | 153.88 | 7.72% | 37.78亿 | | 7 | 688200 | 华峰测控 | 274.00 | 7.45% | 10.27亿 | | 8 | 68831 ...

27日，沪指窄幅震荡，创业板指、科创50指数等走高；全A成交额缩至3万亿元下方；港股强势上扬， 恒生指数涨超1%。 具体来看，沪指早盘一度下探，随后小幅震荡上扬；科创50指数较为强势。截至收盘，沪指涨0.18%报 4139.9点，深证成指微涨0.09%，创业板指涨0.71%，科创50指数涨1.51%，沪深北三市合计成交约2.92 万亿元，较此前一日缩量近3600亿元。 A股市场超3400股飘绿，煤炭、酿酒、石油、医药等板块走低；半导体板块大幅走高，盛科通信 （688702）、东芯股份（688110）20%涨停，均创新高；普冉股份涨近15%，盘中亦创出新高；新型电 池概念拉升，帝科股份涨超10%，金辰股份、宇晶股份等涨停；部分黄金概念股延续强势，白银有色斩 获6连板，中国黄金、四川黄金等3连板；CPO概念活跃，源杰科技涨超11%突破800元大关，续创历史 新高；天孚通信涨超7%。值得注意的是，紫金矿业盘中再度飙升，一度大涨8%续创历史新高，收盘涨 2.8%，全日成交299.1亿元，位居A股成交额首位。 港股方面，中国人寿涨近6%，友邦保险涨逾4%，紫金黄金国际涨逾11%，紫金矿业涨近3%，创历史新 高。 半导体 ...

27日，沪指窄幅震荡，创业板指、科创50指数等走高；全A成交额缩至3万亿元下方；港股强势上扬， 恒生指数涨超1%。 具体来看，沪指早盘一度下探，随后小幅震荡上扬；科创50指数较为强势。截至收盘，沪指涨0.18%报 4139.9点，深证成指微涨0.09%，创业板指涨0.71%，科创50指数涨1.51%，沪深北三市合计成交约2.92 万亿元，较此前一日缩量近3600亿元。 A股市场超3400股飘绿，煤炭、酿酒、石油、医药等板块走低；半导体板块大幅走高，盛科通信 （688702）、东芯股份（688110）20%涨停，均创新高；普冉股份涨近15%，盘中亦创出新高；新型电 池概念拉升，帝科股份涨超10%，金辰股份、宇晶股份等涨停；部分黄金概念股延续强势，白银有色斩 获6连板，中国黄金、四川黄金等3连板；CPO概念活跃，源杰科技涨超11%突破800元大关，续创历史 新高；天孚通信涨超7%。值得注意的是，紫金矿业盘中再度飙升，一度大涨8%续创历史新高，收盘涨 2.8%，全日成交299.1亿元，位居A股成交额首位。 港股方面，中国人寿涨近6%，友邦保险涨逾4%，紫金黄金国际涨逾11%，紫金矿业涨近3%，创历史新 高。 半导体 ...

| 代码 � | 名称 | | 涨幅% | 现价 | 涨跌 | 买价 | 卖价 | 总量 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 688702 盛科通信-U K 20.00 | | | | 162.53 | 27.09 | 162.53 | | aa362 | | 688110 | 东松 胶价 | K | 20.00 | 153.23 | 25.54 | 153.23 | - | 435458 | | 688699 明微电子 | | ાર્ | 16.30 | 63.50 | 8.90 | 63.48 | 63.50 | 126886 | | 688766 | 普申股份 | K | 14.75 | 255.00 | 32.78 | 255.00 | 255.01 | 121174 | | 688416 恒炼股份 | | K | 14.53 | 93.74 | 11.89 | 93.74 | 93.75 | 86405 | | 300077 国际网站 | | R | 12.38 | 24.69 | 2.72 | 24.69 | | ...