【导读】私募年内调研超44000次，重点关注硬科技赛道 截至11月27日，今年以来，2579家私募证券机构调研A股上市公司44702次，电子、医药生物和机械设 备等硬科技赛道成为机构关注的重心，此外，计算机、电力设备、汽车等行业被调研次数居前。 从管理人规模来看，百亿元级私募高频调研的个股包括立讯精密、联影医疗、汇川技术、九号公司、中 控技术等，景林资产、重阳投资、远信投资、慎知资产等均多次调研上述个股。与此同时，中小私募调 研热情高涨，管理规模在0～10亿元的私募机构年内调研次数占比达54%，其中，尚诚资产年内调研812 次，青骊投资、途灵资产、天猊投资等机构也保持着高频调研节奏。 排排网财富研究总监刘有华表示，电子行业持续领跑源于半导体国产替代加速以及消费电子创新周期启 动，行业内细分赛道成长确定性较强；医药生物行业个股数量多、覆盖领域广，叠加创新药审批加速、 医疗消费复苏等因素，成为私募机构分散布局的优选；电力设备则受益于新能源装机量持续增长，产业 链上下游企业业绩兑现能力稳定，吸引私募机构密集调研。 个股效应正在增强 "今年以来，正收益主要来自科技、新消费、新能源等强势赛道。"淡水泉表示，随着情绪修复 ...

Investment Rating - The report rates the industry as "Overweight," indicating a positive outlook for the sector's performance compared to the overall market [61]. Core Insights - The report emphasizes the importance of AI Infrastructure (AI Infra) as a foundational system for AI workloads, which includes computing power, storage, and networking [5][11]. - The AI Infra market in China is projected to grow significantly, reaching CNY 3.45 billion in 2024 and CNY 6.73 billion in 2025, representing a year-on-year growth of 95.1% [7][10]. - Key players in the AI Infra space include both domestic and international companies, with a focus on data layer software and models [4][36]. Summary by Sections AI Infra Overview - AI Infra is defined as the hardware and software systems designed to support AI workloads, aiming for efficient and large-scale AI model training and inference [5][11]. - The infrastructure consists of several layers, including computing, storage, and networking, with a focus on optimizing AI model performance [8][11]. Market Growth and Trends - The AI Infra market is expected to see rapid growth, with a significant increase in the number of AI applications anticipated in 2024 [29][32]. - The demand for private deployment and data integration solutions is rising, particularly in sectors with stringent data security requirements [29][36]. Key Players and Technologies - Major players in the AI Infra market include Alibaba Cloud, Huawei Cloud, and various startups focusing on Machine as a Service (MaaS) [12][13]. - Technologies such as virtualization and containerization are central to the computing management layer, enhancing resource utilization and efficiency [12][22]. Investment Opportunities - The report identifies several investment targets across different categories, including AIGC applications, digital economy leaders, and data infrastructure [52][53]. - Companies like Snowflake and MongoDB are highlighted as international benchmarks for data layer software, with strong revenue growth trends [36][38]. Future Outlook - AI infrastructure providers are expected to maintain high growth potential due to their critical role in supporting AI applications and the increasing integration of AI into traditional industries [51].

11月23日晚间，沪市公司增持回购进展、提质增效方案和经营类公告齐发，截至17时，共有 超20份利好公告"集结"。上周末，已有超60家沪市公司集体释放积极信号。一批龙头公司及 股东持续买入，"硬科技"企业合同订单、研发利好不断。 三峡能源披露控股股东增持进展。近日，三峡集团以集中竞价方式增持公司870万股，占总股 本比例约为0.03%。自本次增持计划披露以来，三峡集团已累计增持1.86亿股，占总股本比 例为0.65%，累计交易金额达7.96亿元。此前数据显示，截至9月5日，三峡集团增持规模为 1.12亿股，对应金额4.82亿元，其中截至8月30日的增持数量为8995万股，对应金额3.86亿 元。从上述进度看，9月初至今，控股股东又增持近3.14亿元，持续买入力度不减。 中国石化公告，本轮回购已经完成，数据显示，11月回购力度超前。此前，为维护公司价值 及股东权益，公司计划于8月21日至11月20日回购5亿元至10亿元公司股份。8月22日，公司 首次回购1720万股，支付金额9981万元。11月23日晚公告显示，截至11月20日，公司完成 本轮回购计划，已实际回购A股8935万股，占公司总股本的0.07%，回购 ...

Core Insights - The article discusses the rapid development of the artificial intelligence (AI) industry in Hangzhou, highlighting its significant contributions to the local economy and the transformation of traditional manufacturing into intelligent factories [6][11]. Industry Overview - Hangzhou's AI core industry achieved a revenue of 317.9 billion yuan in the first three quarters of this year, marking a year-on-year growth of 25.9% and accounting for 64.3% of the province's total [6]. - The industrial output value in Hangzhou grew by 21.8% year-on-year, with leading companies like Silan Microelectronics and Hikvision showing strong growth [6]. - The profit of the AI core industry in Hangzhou increased by 55.8% year-on-year, indicating robust development driven by emerging enterprises [6]. Technological Advancements - The introduction of the TPT platform by Zhongkong Technology allows for the creation of customized intelligent control solutions for factories, significantly lowering the technical barriers for implementation [7]. - The Fully Autonomous Plant (FAP) system, implemented by Hubei Xingrui Silicon Materials, demonstrates the successful integration of TPT with the Universal Control System (UCS), leading to a 60% reduction in construction costs and a 67% increase in efficiency [8]. Market Position - Zhongkong Technology has established itself as a leader in the domestic distributed control system (DCS) market, holding a 40.4% market share and achieving breakthroughs in industrial AI and robotics [9]. - The TPT platform has shown to enhance annual benefits by 1%-3% per device, reduce energy consumption by 1%-3%, and decrease labor input by 30%-50% [10]. Future Prospects - Hangzhou aims to build a globally influential AI innovation hub, with plans to cultivate AI industry clusters and support technological advancements in high-end chips and software [11][12]. - The city is focusing on creating a diverse and collaborative industrial ecosystem, with initiatives to enhance AI applications in manufacturing and other sectors [12][14].

Group 1: Market Performance - The market has shown volatility and a downward trend, with the CSI Robotics Index falling by 3.43% as of November 21, while the Shanghai Composite Index and the ChiNext Index dropped by 3.9% and 6.15% respectively [1] - Despite the overall market decline, the Robotics Index ETF (560770) has seen a continuous net inflow of funds for 23 days, totaling 813 million yuan, with its latest scale surpassing 2.55 billion yuan and a year-to-date share increase of 182.62% [1] Group 2: ETF and Index Composition - The Robotics Index ETF (560770) tracks the CSI Robotics Index, which includes sample stocks from system solution providers, digital workshop and production line integrators, automation equipment manufacturers, and other robotics-related listed companies [1] - The top ten constituent stocks of the index include companies such as Huichuan Technology, iFlytek, Dahua Technology, and others, covering the entire robotics industry chain from upstream components to midstream manufacturing and downstream system integration [1] Group 3: Industrial Robot Market Growth - The industrial robot market in China has been thriving, with production reaching 602,700 units from January to October this year, marking a year-on-year growth of 28.8%, surpassing the total expected production for 2024 [2] - China's industrial robot exports are projected to grow by 43.22% in 2024, reaching 1.13 billion USD, with a significant increase of 54.9% in exports during the first three quarters of this year compared to the overall foreign trade growth [2] Group 4: Future Prospects for Humanoid Robots - The humanoid robot sector in China is expected to enter a phase of large-scale development by 2025, with Beijing accelerating the commercialization and application of humanoid robots as a key driver of new productive forces [2] - With the rapid layout of domestic and foreign enterprises and breakthroughs in AI technology, humanoid robots are anticipated to reach mass production, creating a strong demand for independent innovation in core components [2]

Investment Rating - The report recommends a positive investment outlook on the AI-enabled manufacturing sector, particularly focusing on industrial software and automation companies that facilitate the digital transformation of lighthouse factories [3]. Core Insights - The report emphasizes that lighthouse factories are evolving into key carriers of new productivity and industrialization, driven by AI and the "14th Five-Year Plan" [1]. - It highlights the significant role of domestic industrial software and automation vendors in this ecosystem, which are becoming the core driving force behind the development of lighthouse factories [1]. Summary by Sections 1. From Technical Benchmark to Ecological Leadership - Lighthouse factories are recognized as the most advanced factories globally, representing the highest level of smart manufacturing [7]. - The focus of lighthouse factories has shifted from single-point applications of Industry 4.0 to comprehensive operational upgrades, emphasizing customer-centricity, production efficiency, supply chain resilience, sustainability, and talent development [10][12]. - The application of AI technologies is increasingly significant, with generative AI and predictive maintenance technologies notably reducing defect rates, energy consumption, and production cycles [16]. 2. Policy and AI Dual Empowerment - National policies are driving the rapid development of lighthouse factories, with a focus on digitalization, networking, intelligence, and green development [35]. - As of September 2025, China has 85 lighthouse factories, accounting for 42.29% of the global total, showcasing its leadership in this sector [20][22]. - The distribution of lighthouse factories in China shows a trend of coastal concentration with inland regions catching up, supported by local government initiatives [39][42]. 3. Domestic Industrial Software and Automation Vendors as Key Drivers - Hikvision is highlighted for its "Hikvision Guanlan" model, which empowers smart IoT scenarios and supports the transformation of leading factories into lighthouse factories [54]. - The report discusses the significant advancements made by various companies, including Dahua Technology, Zhongkong Technology, and others, in enhancing supply chain collaboration and digital transformation [54][56].

Group 1 - The "Lingguang" App, launched by Ant Group, has surpassed 1 million downloads within 4 days of its release, featuring three core functions: "Lingguang Dialogue," "Lingguang Flash Applications," and "Lingguang Open Eye" [2] - AMD CEO Lisa Su expressed confidence in the growing AI market, viewing it as a significant opportunity and stating that insufficient investment in AI could be more dangerous than a potential bubble [2] - The demand for computing power in AI is described as "endless," with companies providing reliable AI infrastructure expected to thrive as the market grows [2] Group 2 - In the past month, 17 listed companies, including Ninebot, Lens Technology, and others, have received over 200 institutional visits, indicating strong interest in robotics-related stocks [3] - Specific companies like Ninebot and Lens Technology had high institutional visit counts, with 365 and 348 visits respectively, highlighting their prominence in the robotics sector [3] - Meta has launched WorldGen, a system that generates interactive 3D worlds from a single text prompt, enhancing user immersion and exploration capabilities [3] Group 3 - Foxconn and NVIDIA are collaborating to build a supercomputing center with an investment of $14 billion, expected to be completed in the first half of 2026 [4] - The new department, Visonbay.ai, established by Foxconn for AI supercomputing and cloud operations, will utilize NVIDIA's Blackwell GB300 chips, marking the center as Asia's first GB300 AI data center [5]

登录新浪财经APP 搜索【信披】查看更多考评等级 证券代码：688777 证券简称：中控技术公告编号：2025-041 中控技术股份有限公司 关于以集中竞价交易方式回购公司股份的进展公告 本公司董事会及全体董事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、准确性和完整性承担法律责任。 二、回购股份的进展情况 根据《上市公司股份回购规则》《上海证券交易所上市公司自律监管指引第7号一一回购股份》等相关 规定，现将公司回购股份进展情况公告如下： 截至2025年11月21日，公司通过上海证券交易所交易系统以集中竞价交易方式已累计回购股份5,943,706 股，占公司总股本791,189,527股的比例为0.7512%，回购成交的最高价为人民币51.49元/股，最低价为 人民币48.30元/股，成交总金额为人民币298,880,900.47元（不含交易佣金等交易费用）。 本次回购股份符合相关法律法规的规定及公司回购股份方案的要求。 重要内容提示： ■ 一、回购股份的基本情况 中控技术股份有限公司（以下简称"公司"）于2025年10月24日召开了第六届董事会第十五次会议，审议 通过了《关 ...

Core Insights - Over 20 positive announcements were made by companies listed on the Shanghai Stock Exchange as of November 23, indicating a trend of share buybacks, operational improvements, contract orders, and R&D advancements [1] Group 1: Share Buybacks - Sinopec announced the completion of its current round of share buybacks, having repurchased 89.35 million A-shares, accounting for 0.07% of the total share capital, at an average price of approximately 5.60 yuan per share, totaling around 500 million yuan [1] - Zhongkong Technology has repurchased 5.94 million shares since starting its buyback in October, with a total transaction amount nearing 300 million yuan as of November 21 [1] Group 2: Product Development and Sales - JinkoSolar announced the official mass production of its Tiger Neo 3.0 module, marking the transition to large-scale production, with a total of 15 GW of orders signed during a global signing ceremony with distributors [1] - Hillstone Networks reported that its ASIC chip has completed critical verification and mass production, with new security products set to enter the market for bulk sales, expecting to achieve large-scale sales and product delivery by Q1 2026 [1]

2024年1至12月份，中控技术的营业收入构成为：化工占比36.83%，石化占比20.28%，油气占比 9.68%，制药食品占比8.11%，能源占比5.85%，其他占比5.79%，冶金占比5.34%。 每经AI快讯，中控技术（SH 688777，收盘价：49.68元）11月23日晚间发布公告称，截至2025年11月21 日，公司通过上海证券交易所交易系统以集中竞价交易方式已累计回购股份约594万股，占公司总股本 约7.91亿股的比例为0.7512%，回购成交的最高价为人民币51.49元/股，最低价为人民币48.3元/股，成交 总金额为人民币约2.99亿元。 截至发稿，中控技术市值为393亿元。 （记者 曾健辉） 每经头条（nbdtoutiao）——"抛售日本"？GDP负增长，股市跳水，国债被抛，日元贬值！高市早苗"亡 命一搏"："灌水"21万亿！专家：恐赴"特拉斯风暴"后尘 ...