这两天，A股市场发生"大事件"。 8月27日，AI芯片公司寒武纪股价盘中最高探至1464.98元，一度超过贵州茅台，成为A股新"股王"。8月 28日，寒武纪股价一路上扬，收盘价为1587.91元，而当天贵州茅台股价收跌，寒武纪的股价已经超过 了贵州茅台。 寒武纪股价日K走势图 分产品看，服务器销售增长是营收增长的主要动力。报告期内，浪潮信息在服务器产品实现营业收入 752.86亿元，同比增长99.5%；存储类、交付类等产品，实现营业收入48.37亿元，同比增长11.52%；其 他类产品实现营业收入6961.18万元，同比减少42.45%。 AI人工智能技术的快速发展，正为消费电子行业持续注入发展活力，也为歌尔股份带来新的增长机 遇。乘着AI快速发展的东风，歌尔股份的核心业务进展显著。精密零组件业务营收76.04亿元，同比增 长20.54%，毛利率达23.49%。据了解，精密零组件业务的产品广泛应用于智能手机、平板电脑、智能 无线耳机、VR虚拟现实、MR混合现实、AR增强现实、AI智能眼镜等终端产品中。近日，歌尔股份发 布了2025年半年报，"果链"龙头歌尔股份市值重回千亿大关。公告显示歌尔股份上半年实现营收3 ...

Investment Rating - The investment rating for the company is "Buy" (maintained) [4] Core Views - The company has shown continuous high revenue growth, leading the liquid cooling field standard construction [6] - The company's server business is leading the global market, with significant revenue contributions from server products [6] - The company is focusing on AI technology integration and innovation, enhancing its competitive advantage in the intelligent computing sector [6] Financial Performance Summary - In H1 2025, the company achieved revenue of 80.192 billion yuan, a year-on-year increase of 90.05% [6] - The adjusted net profit attributable to the parent company was 799 million yuan, with a year-on-year growth of 34.87% [6] - The gross profit margin for H1 2025 was 4.55%, showing a decline compared to previous periods [6] - The company is expected to generate revenues of 156.036 billion yuan, 176.488 billion yuan, and 196.135 billion yuan for the years 2025, 2026, and 2027 respectively [4][6] Market Position and Product Development - The company maintains a leading position in the server and storage market, ranking second globally in server market share and first in China as of Q1 2025 [6] - The company has launched several innovative products, including the Yuan Brain R1 inference server and high-end storage solutions, enhancing its product portfolio [6] - The company has been recognized as the top player in the liquid cooling server market in China for four consecutive years [6] Profitability Forecast - The forecasted net profit attributable to the parent company for 2025, 2026, and 2027 is 2.811 billion yuan, 3.231 billion yuan, and 3.806 billion yuan respectively [4][6] - The expected earnings per share (EPS) for the same years are projected to be 1.91 yuan, 2.20 yuan, and 2.59 yuan respectively [4][6]

8月28日，大数据产业ETF（516700）盘中表现活跃，场内价格现涨2.0%，成交额为1895.99万元，基金 最新规模为1.04亿元。 成份股方面，奇安信、拓维信息和科华数据表现最为亮眼，当日涨幅分别高达17.27%、7.51%和 6.29%。另一方面，拓尔思、神州信息和税友股份走势相对低迷，当日跌幅分别为3.52%、2.63%和 1.9%。 大数据产业ETF（516700）被动跟踪中证数据指数（930902），该指数当日涨幅为1.93%，指数前十大 权重股分别为科大讯飞、浪潮信息、恒生电子、紫光股份、润泽科技、拓维信息、中国长城、中国软 件、用友网络、中科曙光。 消息面上，2025年8月25日DeepSeek-V3.1大模型正式发布，进一步推动AI技术商业化应用；同日阿里云 宣布表格存储Tablestore升级AI Agent记忆存储功能，整体存储成本降低30%。此外，华为在2025算力场 景发布会上披露，其中国区政企业务2024年同比增长25%，计算产业增长80%，鲲鹏、昇腾平台在多领 域发挥关键作用。 开源证券指出，政策和技术共振正催化AI产业趋势，头部大模型性能提升并适配国产算力有望加速国 产AI ...

Core Insights - The China Securities Artificial Intelligence Theme Index (930713) has seen a strong increase of 5.49% as of August 28, 2025, with notable gains in constituent stocks such as Qi Anxin (688561) up 17.62%, Xinyi Sheng (300502) up 13.12%, and Cambricon (688256) up 11.43% [3] - The AI Artificial Intelligence ETF (512930) has risen by 5.31%, with a latest price of 2.08 yuan, and has accumulated a weekly increase of 12.20%, ranking in the top 25% among comparable funds [3] - The trading activity for the AI Artificial Intelligence ETF is robust, with an intraday turnover of 16.31% and a transaction volume of 4.52 billion yuan, indicating active market participation [3] - The latest scale of the AI Artificial Intelligence ETF has reached 2.702 billion yuan, marking a one-year high [3] - The management fee for the AI Artificial Intelligence ETF is 0.15%, and the custody fee is 0.05%, which are the lowest among comparable funds [3] - The tracking error for the AI Artificial Intelligence ETF over the past month is 0.006%, indicating the highest tracking precision among comparable funds [3] Index Composition - The China Securities Artificial Intelligence Theme Index includes 50 listed companies involved in providing foundational resources, technology, and application support for artificial intelligence [4] - As of July 31, 2025, the top ten weighted stocks in the index are Zhongji Xuchuang (300308), Xinyi Sheng (300502), Cambricon (688256), iFlytek (002230), Hikvision (002415), OmniVision (603501), Zhongke Shuguang (603019), Lanke Technology (688008), Kingsoft Office (688111), and Inspur Information (000977), collectively accounting for 55.52% of the index [4][6]

Group 1 - The stock price of Inspur Information has increased by 30.78% this year, with a recent 3.33% rise over the last five trading days and a 21.28% increase over the last 20 days [2] - As of August 20, 2025, Inspur Information achieved a revenue of 801.92 billion yuan, representing a year-on-year growth of 90.65%, and a net profit attributable to shareholders of 7.99 billion yuan, up 33.77% year-on-year [2] - The company has distributed a total of 14.89 billion yuan in dividends since its A-share listing, with 6.46 billion yuan distributed in the last three years [3] Group 2 - As of August 28, 2023, the stock price of Inspur Information was 67.64 yuan per share, with a total market capitalization of 995.75 billion yuan [1] - The company is primarily engaged in the development, production, and sales of computer software, hardware, and other information products, with 100% of its revenue coming from the electronics industry [2] - The top ten circulating shareholders include major ETFs, with significant increases in holdings for Hong Kong Central Clearing Limited and various Huatai and E Fund ETFs [3]

据证券之星公开数据整理，近期浪潮信息（000977）发布2025年中报。截至本报告期末，公司营业总收 入801.92亿元，同比上升90.05%，归母净利润7.99亿元，同比上升34.87%。按单季度数据看，第二季度 营业总收入333.34亿元，同比上升35.87%，第二季度归母净利润3.36亿元，同比上升16.12%。本报告期 浪潮信息应收账款上升，应收账款同比增幅达48.7%。 本次财报公布的各项数据指标表现尚佳。其中，毛利率4.55%，同比减41.26%，净利率1.0%，同比减 26.68%，销售费用、管理费用、财务费用总计10.78亿元，三费占营收比1.34%，同比减40.06%，每股净 资产13.88元，同比增10.99%，每股经营性现金流-3.79元，同比减22.99%，每股收益0.54元，同比增 34.85% 证券之星价投圈财报分析工具显示： 财报体检工具显示： 建议关注公司现金流状况（货币资金/流动负债仅为28.98%、近3年经营性现金流均值/流动负债仅为 1.66%） 建议关注公司应收账款状况（应收账款/利润已达883.32%） 分析师工具显示：证券研究员普遍预期2025年业绩在28.11亿元 ...

Group 1 - Youyou Food achieved a net profit of 108 million yuan in the first half of 2025, a year-on-year increase of 42.47%, with a revenue of 771 million yuan, up 45.59% [1] - Keda achieved a net profit of 255 million yuan, a year-on-year increase of 16.49%, with a revenue of 2.163 billion yuan, up 14.35% [1] - North Navigation turned a profit with a net profit of 116 million yuan, achieving a revenue of 1.703 billion yuan, a year-on-year increase of 481.19% [1][2] Group 2 - China Satellite Communication reported a net profit of 181 million yuan, a year-on-year decrease of 55.59%, with a revenue of 1.221 billion yuan, up 6.33% [3] - Huqin Technology achieved a net profit of 1.889 billion yuan, a year-on-year increase of 46.3%, with a revenue of 83.939 billion yuan, up 113.06% [4] - Huasen Lithium reported a net loss of 72.739 million yuan, with a revenue of 350 million yuan, up 72.02% [4] Group 3 - Putailai achieved a net profit of 1.055 billion yuan, a year-on-year increase of 23.03%, with a revenue of 7.088 billion yuan, up 11.95% [5] - Suochen Technology reported a net loss of 45.698 million yuan, with a revenue of 57.351 million yuan, up 10.82% [5] - Canqin Technology achieved a net profit of 51.912 million yuan, a year-on-year increase of 51.94%, with a revenue of 287 million yuan, up 52.76% [6] Group 4 - Hengtong achieved a net profit of 99.3648 million yuan, a year-on-year increase of 38.86%, with a revenue of 669 million yuan, down 44.66% [6] - Sanan Optoelectronics reported a net profit of 176 million yuan, a year-on-year decrease of 4.24%, with a revenue of 8.987 billion yuan, up 17.03% [7] - New Dairy achieved a net profit of 397 million yuan, a year-on-year increase of 33.76%, with a revenue of 5.526 billion yuan, up 3.01% [8] Group 5 - Yiling Pharmaceutical achieved a net profit of 669 million yuan, a year-on-year increase of 26.03%, with a revenue of 4.040 billion yuan, down 12.26% [10] - Baosteel achieved a net profit of 4.879 billion yuan, a year-on-year increase of 7.36%, with a revenue of 151.372 billion yuan, down 7.28% [12] - Feikai Materials achieved a net profit of 217 million yuan, a year-on-year increase of 80.45%, with a revenue of 1.462 billion yuan, up 3.8% [13] Group 6 - Lier Chemical achieved a net profit of 271 million yuan, a year-on-year increase of 191.21%, with a revenue of 4.507 billion yuan, up 35.36% [15] - Shaanxi Coal achieved a net profit of 7.638 billion yuan, a year-on-year decrease of 31.18%, with a revenue of 779.83 billion yuan, down 14.19% [16] - Dongfang Materials reported a net profit of 654,400 yuan, a year-on-year decrease of 88.48%, with a revenue of 174 million yuan, down 5.06% [18] Group 7 - Blue Sky Bio achieved a net profit of 26.7163 million yuan, a year-on-year decrease of 8.98%, with a revenue of 652 million yuan, up 7.05% [19] - Shanghai Jiubai achieved a net profit of 23.7897 million yuan, a year-on-year increase of 0.24%, with a revenue of 45.0535 million yuan, down 1.09% [20] - Two Sides Needle reported a net loss of 5.0842 million yuan, with a revenue of 522 million yuan, up 1.02% [21] Group 8 - Shanghai Yashi achieved a net profit of 20.3263 million yuan, a year-on-year increase of 42.56%, with a revenue of 2.044 billion yuan, up 56.75% [23] - Bayi Steel reported a net loss of 697 million yuan, with a revenue of 8.733 billion yuan, down 6.73% [25] - Hongrun Construction plans to repurchase shares worth between 150 million and 300 million yuan [27] Group 9 - Kaile achieved a net profit of 10.9193 million yuan, a year-on-year increase of 280.42%, with a revenue of 137 million yuan, down 17.89% [28] - Jingda achieved a net profit of 306 million yuan, a year-on-year increase of 6.03%, with a revenue of 11.856 billion yuan, up 14.28% [29] - Blue Light Marker reported a net profit of 96.4427 million yuan, a year-on-year decrease of 47.33%, with a revenue of 32.36 billion yuan, up 4.87% [30] Group 10 - KOTAI Power achieved a net profit of 23.994 million yuan, a year-on-year increase of 35.52%, with a revenue of 711 million yuan, up 49.51% [33] - Bo Rui Data reported a net loss of 26.1918 million yuan, with a revenue of 70.1997 million yuan, up 5.19% [34] - Jiuzhoutong achieved a net profit of 1.446 billion yuan, a year-on-year increase of 19.7%, with a revenue of 81.106 billion yuan, up 5.10% [37] Group 11 - Aier Eye Hospital achieved a net profit of 2.051 billion yuan, a year-on-year increase of 0.05%, with a revenue of 11.507 billion yuan, up 9.12% [39] - Nandu Property achieved a net profit of 130 million yuan, a year-on-year increase of 532.87%, with a revenue of 914 million yuan, up 2.75% [41] - Weiyuan reported a net loss of 168 million yuan, with a revenue of 4.601 billion yuan, up 1.82% [42] Group 12 - Zhongke Chuangda achieved a net profit of 158 million yuan, a year-on-year increase of 51.84%, with a revenue of 3.299 billion yuan, up 37.44% [43] - Zhongjuxin reported a net profit of 8.1377 million yuan, a year-on-year decrease of 64.57%, with a revenue of 567 million yuan, up 20.40% [44] - Inspur Information achieved a net profit of 799 million yuan, a year-on-year increase of 34.87%, with a revenue of 80.192 billion yuan, up 90.05% [45] Group 13 - Shenghong Technology achieved a net profit of 2.143 billion yuan, a year-on-year increase of 366.89%, with a revenue of 9.031 billion yuan, up 86.00% [46] - Cambrian achieved a net profit of 1.038 billion yuan, turning a profit, with a revenue of 2.881 billion yuan, up 4347.82% [48] - Longteng Optoelectronics reported a net loss of 121 million yuan, with a revenue of 1.289 billion yuan, down 27.91% [49]

浪潮信息8月27日大宗交易平台出现一笔成交，成交量3.80万股，成交金额239.25万元，大宗交易成交价 为62.96元，相对今日收盘价折价5.01%。该笔交易的买方营业部为中信证券股份有限公司北京呼家楼证 券营业部，卖方营业部为中银国际证券股份有限公司丹东三经街证券营业部。 进一步统计，近3个月内该股累计发生2笔大宗交易，合计成交金额为598.65万元。 证券时报·数据宝统计显示，浪潮信息今日收盘价为66.28元，下跌3.27%，日换手率为10.94%，成交额 为109.14亿元，全天主力资金净流出10.69亿元，近5日该股累计上涨0.50%，近5日资金合计净流出37.33 亿元。 | 成交量 | 成交金额 | 成交价 | 相对当日收盘 | | | | --- | --- | --- | --- | --- | --- | | （万 | （万元） | 格 | 折溢价（%） | 买方营业部 | 卖方营业部 | | 股） | | （元） | | | | | 3.80 | 239.25 | 62.96 | -5.01 | 中信证券股份有限公司 | 中银国际证券股份有限公司 | | | | | | 北京呼家楼证券营 ...

| 交易日期 | 证券代码 | 证券简称 | 成交价格 | 成交量 | 成交金额 | 买方营业部 | 卖方营业部 | | --- | --- | --- | --- | --- | --- | --- | --- | | | | | (元) | (万股/万份) | (万元) | | | | 2025-08-27 | 000977 | 浪潮信息 | 62.96 | 3.80 | 239.25 | 中信证券股份有限 | 中银国际证券股份 | | | | | | | | 公司北京呼家楼证 | 有限公司丹东三经 | | | | | | | | 券营业部 | 街证券营业部 | 8月27日，浪潮信息大宗交易成交3.8万股，成交额239.25万元，占当日总成交额的0.02%，成交价62.96元，较市场收盘价 66.28元折价5.01%。 ...

市场午后跳水回落，沪指、深成指双双跌超1%。 盘面上，从板块来看，CPO等算力硬件股维持强势，新易盛（300502）等多股再创历史新高。芯片股一 度冲高，瑞芯微（603893）涨停。稀土永磁概念股表现活跃，北矿科技（600980）涨停。下跌方面，地 产股展开调整，深深房A跌停。白酒、美容护理、创新药等板块跌幅居前。 截至收盘，沪指跌1.76%，深成指跌1.43%，创业板指跌0.69%。市场热点集中在算力和芯片方向，个股 跌多涨少，全市场超4700只个股下跌。沪深两市全天成交额3.17万亿，较上个交易日放量4865亿。 午后突发跳水，什么原因？ 今日，A股市场一度震荡走高，科创50指数盘中涨超4%，但午后加速跳水，最终三大指数悉数收跌， 除科创50微涨外，市场主要指数全线尽墨。 对于市场调整原因，据证券时报，分析人士认为，近期外围风险逐渐暴露，特别是长债风险较大。与此 同时，近期A股涨幅较大，且有局部过热迹象。在此背景下，部分资金选择获利了结，同时场外资金对 当前估值水平持观望态度，多空博弈明显加剧，市场因此呈现出显著的结构性分化特征。 不过多数机构认为，慢下来能走得更远，其后只要补量，大盘还会继续震荡盘升。融 ...