Investment Rating - The report maintains a "Positive" investment rating for the electronic industry [5] Core Insights - The ongoing shortage of niche storage is expected to continue, with AI demand opening up incremental growth opportunities [2][8] - AI demand is anticipated to drive the need for niche storage, particularly in applications such as automotive, industrial, and security [7] - Domestic manufacturers are positioned competitively in the niche storage market and are likely to benefit from the supply constraints caused by international suppliers exiting this segment [7] Summary by Sections Investment Recommendations and Targets - Key investment targets include domestic storage chip design companies such as Zhaoyi Innovation, Puran, Jucheng, Dongxin, Beijing Junzheng, and Hengshuo [3][8] - Other relevant companies include domestic storage module manufacturers like Jiangbolong, Demingli, and Baiwei Storage, as well as semiconductor equipment firms such as Zhongwei, Jingzhida, and Beifang Huachuang [3][8] - Companies benefiting from storage technology iterations include Lanke Technology, Lianyun Technology, and Aojie Technology [3][8] Market Dynamics - The supply of niche storage products is being significantly reduced as major international suppliers focus on mainstream storage products, leading to a substantial contraction in supply [7] - For instance, the global MLC NAND Flash capacity is projected to decrease by 41.7% in 2026 due to supply shrinkage, which is expected to drive prices significantly higher [7] - Domestic firms are gaining market share in niche storage, with Zhaoyi Innovation holding approximately 18.5% of the NOR Flash market in 2024, ranking second globally [7]

| 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | --- | --- | --- | --- | --- | --- | | 301626 | 苏州天脉 | 179.53 | -7.92% | 3.20万 | 5.90亿 | | 301567 | 贝隆精密 | 50.28 | -5.28% | 3.58万 | 1.84亿 | | 600130 | *ST波导 | 4.19 | -4.99% | 44.88万 | 2006"T | | 002426 | 胜利精密 | 4.28 | -4.89% | 258.39万 | 11.19亿 | | 603626 | 科森科技 | 21.69 | -4.87% | 47.92万 | 10.34亿 | | 300916 | 朗特智能 | 32.17 | -4.85% | 5.85万 | 1.91亿 | | 300868 | 杰美特 | 34.05 | -4.70% | 3.66万 | 1.27亿 | | 002241 | 歌尔股份 | 26.97 | -3.68% | 189.19万 | 51.44亿 | | 300857 | 协创数据 ...

| 基金募集申请获中国证监会核准的 | 中国证券监督管理委员会证监许可[2025]2866号 | | | | --- | --- | --- | --- | | 文号 | | | | | 基金享集期间 | 自 2026年1月5日 至 2026年1月23日止 | | | | 验资机构名称 | 安永华明会计师事务所(特殊普通合伙) | | | | 募集资金划入基金托管专户的日期 | 2026年1月27日 | | | | 幕集有效认购总户数(单位:户) | 50, 399 | | | | 份额级别 | 大摩沪港深科技混 大摩沪港深科技 | | 合计 | | | 合A 混合 C | | | | 募集期间净认购金额(单位:人民 | 2.422.899.728.85 | 1,999,507,760.46 | 4,422,407,489.31 | | 币元) | | | | | 认购资金在募集期间产生的利息 (单位:人民币元) | 1,027,854.04 774,812.90 | | 1,802,666,94 | 中国经济网北京1月28日讯 今日，摩根士丹利基金发布摩根士丹利沪港深科技混合型证券投资基金 基金合同生效公告 ...

每经AI快讯，1月28日，HBM指数盘中涨2%。成分股中，深科技大涨7%，太极实业上涨6%，通富微 电、国芯科技、雅克科技等个股跟涨。 （文章来源：每日经济新闻） ...

Market Overview - The Shanghai Composite Index closed at 4136.16 points, up 0.33%, with a trading volume of 1.3369 trillion yuan. The Shenzhen Component Index rose 0.79% to 14439.66 points, with a trading volume of 1.7484 trillion yuan. The ChiNext Index increased by 0.63% to 3349.50 points, with a trading volume of 822.63 billion yuan. The STAR Market 50 Index closed at 1553.71 points, up 0.78%, with a trading volume of 110.8 billion yuan. The total trading volume of both markets was 3.0853 trillion yuan, an increase of 393.5 billion yuan compared to the previous trading day [1]. Sector Performance - The market saw more sectors gaining than losing, with notable increases in power equipment, non-ferrous metals, precious metals, defense and military, steel, media, computer, environmental protection, and textile and apparel sectors. Concepts such as perovskite batteries, commercial aerospace, satellite internet, sapphire, lithium mining, cultivated diamonds, small metals, gold, and interactive short dramas were particularly active. In contrast, sectors like communication, insurance, banking, coal, and home appliances experienced declines [1]. Individual Stock Performance - A total of 3707 stocks rose, while 1336 stocks fell, with 134 stocks remaining flat and 6 stocks suspended. Excluding newly listed stocks, there were 120 stocks hitting the daily limit up and 2 stocks hitting the limit down [2]. - Among the stocks that hit the daily limit up, 23 stocks had consecutive limit-up days of 2 or more, with Fenglong Co., Ltd. leading with 18 consecutive limit-ups [3]. Capital Flow - The net capital outflow from the two markets was 4.167 billion yuan, with the ChiNext seeing a net inflow of 1.515 billion yuan. The CSI 300 index experienced a net outflow of 1.005 billion yuan, while the STAR Market saw a net outflow of 3.171 billion yuan. Out of 31 sectors, 13 sectors had net capital inflows, with the power equipment sector leading with a net inflow of 8.977 billion yuan [4][6]. - The top sectors with net inflows included non-ferrous metals (4.552 billion yuan), media (2.173 billion yuan), and defense and military (2.157 billion yuan). Conversely, the communication sector had the highest net outflow of 7.992 billion yuan, followed by electronics (6.350 billion yuan) and machinery (5.077 billion yuan) [4][6]. Notable Stocks - 191 stocks had net capital inflows exceeding 1 billion yuan, with Jin Feng Technology receiving the highest net inflow of 1.861 billion yuan. Other notable stocks included Lens Technology (1.594 billion yuan), Qian Zhao Optoelectronics (1.267 billion yuan), and Xian Dao Intelligent (1.217 billion yuan) [7][8]. - Conversely, 116 stocks experienced net capital outflows exceeding 1 billion yuan, with Xin Yi Sheng leading with a net outflow of 3.471 billion yuan, followed by Zhong Ji Xu Chuang (3.103 billion yuan) and Li Ou Shares (2.604 billion yuan) [10][11]. Institutional Activity - Institutional investors had a net selling of approximately 1.02 billion yuan, with 22 stocks seeing net purchases and 14 stocks net sales. Jin Feng Technology was the most purchased stock by institutions, with a net purchase amount of approximately 266 million yuan [13][14].

Core Insights - The Shenzhen State-owned Enterprise ESG Index (970055) closed at 1489.52 points, down 0.29% with a trading volume of 43.818 billion yuan and a turnover rate of 1.63% [1] - Among the index constituents, 33 stocks rose, with China Nuclear Technology leading at a 5.75% increase, while 17 stocks fell, with Shenzhen Technology leading the decline at 3.46% [1] Fund Flow Analysis - The net outflow of main funds from the Shenzhen State-owned Enterprise ESG Index constituents totaled 2.217 billion yuan, while speculative funds saw a net inflow of 111 million yuan, and retail investors had a net inflow of 2.106 billion yuan [2] - Detailed fund flow information for the constituents is available in the accompanying table [2]

Group 1 - The company Deep Technology announced that it will participate in a research meeting with Caitong Securities on January 22, 2026, where the company's Vice President Zhou Gengshan and Board Secretary Zhong Yan will address investor questions [1] Group 2 - The news highlights a broader context where U.S. assets are experiencing a decline, influenced by geopolitical tensions, including Trump's interest in Greenland and a Danish pension fund liquidating U.S. Treasury holdings [1]

Company Overview - The company is a leading global professional electronic manufacturing enterprise, consistently ranked among the top in the Electronic Manufacturing Service (EMS) industry by MMI [1] - Focuses on providing one-stop electronic product manufacturing services, including R&D, process design, production, supply chain management, logistics, and sales [1] - The development strategy is centered around three main businesses: storage semiconductors, high-end manufacturing, and intelligent metering terminals [1] Storage Testing and Packaging - The company is a leader in high-end storage chip testing and packaging in China, with a skilled R&D and engineering team [2] - Plans to expand production capacity in response to customer demand, as current facilities in Shenzhen and Hefei are operating at full capacity [2] - The sales volume of the disk substrate business has significantly increased compared to the previous year, with hard disk capacity upgraded from under 1TB to 36TB [2] High-End Manufacturing Strategy - The company prioritizes high-barrier, high-value-added businesses and aims to deepen digital transformation [2] - Focus on smart manufacturing, digital operations, and intelligent supply chains to enhance capabilities and promote domestic and international dual circulation [2] - Transitioning from "Made in China" to "Created in China" by fostering new productive forces and shifting from speed to quality [2] Information Disclosure Compliance - The company adheres to the Information Disclosure Management System, ensuring the accuracy, completeness, and timeliness of information disclosure [3] - No significant undisclosed information leaks occurred during the investor relations activity [3]

Group 1 - The stock of Purun Co., Ltd. increased by over 9% [1] - Previously, Saiteng Co., Ltd. hit the daily limit up [1] - Other companies such as Yingxin Development, Deep Technology, Kangqiang Electronics, and Kaipu Cloud also experienced gains [1]

Core Viewpoint - The company, Deep Technology (000021), focuses on providing one-stop electronic product manufacturing services for global customers, with products adaptable to various scenarios [1]. Group 1 - The company emphasizes its commitment to serving a global customer base [1]. - The products offered by the company are designed to be versatile and applicable in multiple contexts [1].