沪指9月24日上涨0.83%，申万所属行业中，今日上涨的有28个，涨幅居前的行业为电力设备、电子， 涨幅分别为2.88%、2.76%。计算机行业今日上涨2.52%。跌幅居前的行业为银行、煤炭、通信，跌幅分 别为0.36%、0.29%、0.01%。 300042 朗科科技 4.09 14.05 10162.92 计算机行业资金流出榜 | 代码 | 简称 | 今日涨跌幅（%） | 今日换手率（%） | 主力资金流量（万元） | | --- | --- | --- | --- | --- | | 600410 | 华胜天成 | -1.34 | 14.06 | -22722.43 | | 002261 | 拓维信息 | 0.19 | 8.60 | -19174.65 | | 002065 | 东华软件 | -6.08 | 13.00 | -18046.22 | | 688111 | 金山办公 | 5.21 | 2.07 | -16355.18 | | 300085 | 银之杰 | 0.65 | 8.20 | -15456.27 | | 688343 | 云天励飞-U | -0.14 | 6.57 | -15079.2 ...

Group 1 - Alibaba is actively promoting the construction of AI infrastructure with an investment of 380 billion and plans for additional funding [1] - The IPO of Moore Threads on the Sci-Tech Innovation Board is scheduled for September 26, with several GPU companies expected to initiate listings within the year [1] - Huawei's rotating chairman shared plans for the Ascend chip series, with the Ascend 950PR chip expected to launch in Q1 2026 and the Ascend 960 chip in Q4 2027 [1] Group 2 - The domestic AI industry chain is accelerating, with expectations for a spiral growth in large models, computing power, and applications [2] - The CSI Artificial Intelligence Theme Index (930713) has seen a strong increase of 1.79%, with notable gains in constituent stocks such as Lianqi Technology (up 7.53%) and iFlytek (up 6.47%) [2] - The AI Artificial Intelligence ETF (512930) has risen by 1.73%, with a recent price of 2.18 yuan, and has a management fee of 0.15%, the lowest among comparable funds [2] Group 3 - As of August 29, 2025, the top ten weighted stocks in the CSI Artificial Intelligence Theme Index account for 60.82% of the index, including companies like Xinyi Technology and Cambricon [3] - The top ten stocks by weight include Zhongji Xuchuang, Xinyi Technology, and iFlytek, with varying performance and weight percentages [4]

Core Viewpoint - The stock of Inspur Information has shown significant growth in recent months, with a notable increase in trading volume and market capitalization, indicating strong investor interest and confidence in the company's performance [1][2]. Company Performance - As of September 24, Inspur Information's stock price rose by 2.13% to 68.59 CNY per share, with a total market capitalization of 100.97 billion CNY [1]. - Year-to-date, the stock has increased by 32.62%, with a 5.38% rise in the last five trading days and a 38.87% increase over the past 60 days [1]. - For the first half of 2025, the company reported a revenue of 80.19 billion CNY, representing a year-on-year growth of 90.65%, and a net profit of 799 million CNY, up 33.77% [2]. Shareholder Information - As of September 10, the number of shareholders increased to 350,000, a rise of 9.38%, while the average number of circulating shares per person decreased by 8.57% to 4,201 shares [2]. - The company has distributed a total of 1.49 billion CNY in dividends since its A-share listing, with 646 million CNY distributed in the last three years [3]. Institutional Holdings - As of June 30, 2025, the top ten circulating shareholders include Hong Kong Central Clearing Limited as the second-largest shareholder, increasing its holdings by 11.45 million shares to 46.82 million shares [3]. - Other significant institutional investors include various ETFs, such as Huatai-PB CSI 300 ETF and E Fund CSI 300 ETF, which have also increased their holdings [3].

【导读】中证全球算力主题指数、中证沪深港算力主题指数将于9月24日正式发布 9月23日，中证指数有限公司发布消息称，将于9月24日正式发布中证全球算力主题指数、中证沪深港算力主题指数，为市场提供多样化的业绩比较基准与 投资标的。 具体来看，中证全球算力主题指数，是从全球市场中选取业务涉及数据中心建设、运营及相关硬件设备制造等算力领域的上市公司作为指数样本公司，以 反映全球市场代表性算力领域上市公司证券的整体表现。 | | 中证全球算力主题指数样本名单 | | | --- | --- | --- | | 证券代码 | 证券中文简称 | 证券英文名称 | | Stock | Stock Name | Stock Nore (Eng.) | | Code | | | | 000063 | 中兴通讯 | ZTE Corporation | | 000938 | 紫米股份 | Unisplendour Corporation Limited | | 000977 | 浪潮信息 | leit Systems Co., Ltd. | | 000988 | 华工科技 | Huagang Tech Campany Limite ...

Market Performance - On September 22, the computer equipment sector rose by 1.88%, with Jiayuan Technology leading the gains [1] - The Shanghai Composite Index closed at 3828.58, up 0.22%, while the Shenzhen Component Index closed at 13157.97, up 0.67% [1] Top Gainers - Jiayuan Technology (301117) closed at 37.95, up 14.03% with a trading volume of 193,000 shares and a transaction value of 705 million [1] - Kalete (301391) closed at 79.72, up 10.97% with a trading volume of 63,400 shares [1] - Zhongke Shuguang (610509) closed at 117.51, up 10.00% with a trading volume of 1,203,700 shares [1] - Shuguang Digital Innovation (872808) closed at 101.24, up 9.90% with a trading volume of 58,700 shares [1] Top Losers - Haohan Depth (688292) closed at 24.60, down 3.53% with a trading volume of 75,000 shares and a transaction value of 188 million [2] - ST Yingfeitou (002528) closed at 2.75, down 3.51% with a trading volume of 159,300 shares [2] - Kaiwang Technology (301182) closed at 36.73, down 2.91% with a trading volume of 33,800 shares [2] Capital Flow - The computer equipment sector saw a net inflow of 2.203 billion in main funds, while retail funds experienced a net outflow of 937 million [2][3] - Main funds showed a significant presence in Zhongke Shuguang with a net inflow of 213.7 million, while retail funds had a net outflow of 106.4 million [3] - Jiayuan Technology had a net inflow of 58.54 million from main funds, but also saw outflows from retail investors totaling 27.14 million [3]

Core Insights - Huawei's rotating chairman emphasized that computing power is crucial for artificial intelligence (AI) and is key to China's AI development, sharing future plans for Ascend chips [1] - The domestic AI industry chain is accelerating, with significant advancements in large models, computing power, and applications, indicating a positive long-term outlook for the AI sector [1] - As of September 22, 2025, the CSI Artificial Intelligence Theme Index (930713) rose by 2.06%, with notable increases in constituent stocks such as Chipone Technology (688521) up 18.03% and Donghua Software (002065) up 10.00% [1] ETF Performance - The AI Artificial Intelligence ETF (512930) increased by 2.09%, with a latest price of 2.15 yuan, and has shown a 0.29% increase over the past week, ranking in the top 25% among comparable funds [1] - The ETF had a turnover rate of 6.08% during the trading session, with a transaction volume of 171 million yuan, and an average daily transaction of 323 million yuan over the past month [1] Fee Structure and Tracking Accuracy - The management fee for the AI Artificial Intelligence ETF is 0.15%, and the custody fee is 0.05%, making it the lowest among comparable funds [2] - As of September 19, 2025, the ETF's tracking error over the past three months was 0.008%, indicating the highest tracking accuracy among similar funds [2] Index Composition - The CSI Artificial Intelligence Theme Index includes 50 listed companies that provide essential resources, technology, and application support for AI, reflecting the overall performance of AI-related securities [2] - As of August 29, 2025, the top ten weighted stocks in the index accounted for 60.82%, with companies like Xinyisheng (300502) and Zhongji Xuchuang (300308) being significant contributors [2]

Group 1 - The core viewpoint of the news is that Inspur Information has shown significant stock performance and financial growth, with a notable increase in revenue and net profit year-on-year [1][2]. - As of September 22, Inspur Information's stock price increased by 2.07% to 65.69 CNY per share, with a total market capitalization of 96.705 billion CNY [1]. - The company has experienced a 27.01% increase in stock price year-to-date, with a recent 3.01% rise over the last five trading days [1]. Group 2 - For the first half of 2025, Inspur Information reported a revenue of 80.192 billion CNY, representing a year-on-year growth of 90.65%, and a net profit of 799 million CNY, up 33.77% [2]. - The company has a strong focus on server products, which account for 93.88% of its main business revenue, while storage and switching products contribute 6.03% [1]. - As of September 10, the number of shareholders increased to 350,000, with an average of 4,201 circulating shares per person, a decrease of 8.57% [2]. Group 3 - The major shareholders of Inspur Information include Hong Kong Central Clearing Limited and various ETFs, indicating a diversified institutional interest [3]. - The company is categorized under the computer equipment industry, with involvement in electronic invoicing, cybersecurity, and AI training [2]. - Since its A-share listing, Inspur Information has distributed a total of 1.489 billion CNY in dividends, with 646 million CNY in the last three years [2].

Market Overview - The Shanghai Composite Index fell by 0.30% on September 19, with 16 industries experiencing gains, led by coal and non-ferrous metals, which rose by 1.97% and 1.19% respectively. Conversely, the automotive and pharmaceutical industries saw declines of 1.94% and 1.41% [2] - The computer industry ranked third in terms of decline today [2] Capital Flow Analysis - The main capital outflow from the two markets totaled 58.733 billion yuan, with 8 industries seeing net inflows. The non-ferrous metals industry led with a net inflow of 872 million yuan, followed by the media industry with a 0.49% increase and a net inflow of 692 million yuan [2] - A total of 23 industries experienced net capital outflows, with the computer industry leading at 10.723 billion yuan, followed by the automotive industry with an outflow of 7.929 billion yuan. Other industries with significant outflows included machinery, power equipment, and pharmaceuticals [2] Computer Industry Performance - The computer industry declined by 1.26% today, with a total net outflow of 10.723 billion yuan. Out of 335 stocks in this sector, 67 rose, including 1 hitting the daily limit, while 262 fell [3] - Among the stocks with net inflows, 76 saw capital inflows, with 10 exceeding 50 million yuan. The top inflow was for Capital Online, with 182 million yuan, followed by Neusoft Group and Xuanji Information with inflows of 180 million yuan and 152 million yuan respectively [3] - The stocks with the highest net outflows included Zhongke Shuguang, Huasheng Tiancheng, and Guiding Compass, with outflows of 939 million yuan, 822 million yuan, and 569 million yuan respectively [5] Top Gainers in Computer Industry - The top gainers in the computer industry included: - Capital Online: +3.82%, 1.8202 million yuan inflow - Neusoft Group: +10.03%, 1.7953 million yuan inflow - Xuanji Information: +3.31%, 1.5204 million yuan inflow [4] Top Losers in Computer Industry - The top losers in the computer industry included: - Zhongke Shuguang: -2.81%, -9389.736 million yuan outflow - Huasheng Tiancheng: -6.51%, -8221.509 million yuan outflow - Guiding Compass: -3.51%, -5686.831 million yuan outflow [5]

Group 1 - DeepSeek-R1 inference model research paper published in the prestigious journal Nature, marking a significant achievement for the DeepSeek team led by Liang Wenfeng [1] - As of September 18, 2025, the CSI Artificial Intelligence Industry Index rose by 3.26%, with notable stock performances including Lingyun Guang up by 16.91% and Heertai reaching a daily limit up [1] - The Artificial Intelligence ETF (515980) saw a half-day increase of 3.37%, with a total scale reaching 6.925 billion yuan and a net inflow of 110 million yuan [1] Group 2 - The World Trade Organization (WTO) projects that AI could increase global trade in goods and services by nearly 40% by 2040, with trade costs reduction and productivity improvements driving significant growth [2] - Goldman Sachs highlights a resurgence in investment narratives for AI infrastructure in China, with daily token consumption for enterprise-level AI models reaching 10.2 trillion in the first half of 2025, a 363% increase from the second half of 2024 [2] - Guosen Securities notes that global AI computing power demand is on the rise, with domestic markets accelerating the localization of computing power due to foreign restrictions [2] Group 3 - The Huafu Artificial Intelligence ETF (515980) focuses on high AI purity stocks while covering various segments of the AI field, aiming to help investors capitalize on the current technology bull market driven by AI [4] - The ETF includes a selection of stocks with notable performance, such as Zhongji Xuchuang up by 1.69% and Keda Xunfei up by 2.54%, indicating strong market interest in AI-related companies [4]

Tech Sector Developments - A framework deal has been reached for an Oracle-led consortium to acquire approximately 80% of TikTok's U.S. operations, with Beijing's approval for Oracle to manage U.S. user data in Texas [3][8] - China is making strides towards semiconductor self-sufficiency, with Semiconductor Manufacturing International Corp (SMIC) trialing domestically built advanced AI chipmaking equipment [4][8] - Taiwan has added Chinese tech firms Inspur, Nettrix, and Suma to its export blacklist, highlighting ongoing geopolitical tensions affecting global supply chains [5][8] U.S. Housing Market Insights - The U.S. housing market is experiencing a surge in new home inventory, reaching 121,000 unsold constructed homes in July, the highest level since before the Great Recession in 2009, indicating weak demand [6][8] - High prices and elevated mortgage rates are contributing to buyer unease and a significant number of canceled home purchases [6][8] Currency and Macroeconomic Trends - The U.S. dollar has approached its lowest level since March 2022, reflecting shifts in global currency dynamics influenced by changing interest rate expectations [7][8] - The People's Bank of China (PBOC) has lowered the USD/CNY fix to 7.1013, signaling an intent to strengthen the yuan [10][8] Asian Markets and Financing - Chinese internet firms Tencent and Baidu are raising record funds in Hong Kong's dim sum bond market, with Tencent raising 9 billion yuan ($1.27 billion) and Baidu securing 4.4 billion yuan ($618 million) to support AI initiatives [9][8] - Japan has issued ¥3.2 trillion in Treasury discount bills to address short-term funding needs, while Japanese Government Bonds remain stable [10][8] International Trade Developments - U.S. Trade Representative met with South Korea's trade minister to discuss a bilateral trade deal involving a $350 billion investment package and tariff reductions on Korean autos [11][8] - Australia has committed $735 million for biofuels development, indicating a focus on green energy investments [11][8] Airline Industry Expansion - China Eastern Airlines is launching a new Shanghai-Buenos Aires route via Auckland, marking one of the world's longest direct flights at approximately 29 hours [12][8]