公募基金二季报本周进入密集披露期，部分头部基金及知名基金经理的调仓动向也备受市场关注。 综合来看，各家基金在二季度保持了高仓位运作，新能源产业链、医药消费等成为关注重点。 此外，睿远基金傅鹏博管理的基金则对光伏行业板块个股更为关注。综合季报，通威股份、迈为股 份等新晋十大重仓股，大族激光、先导智能等退出前十大重仓股序列；由傅鹏博、朱璘管理的睿远成长 价值混合基金前十大重仓股为三安光电、中国移动、立讯精密、东方雨虹、万华化学、通威股份、吉利 汽车、沃森生物、迈为股份、国瓷材料。相比一季度，该基金新进持仓了通威股份、吉利汽车、迈为股 份，而先导智能、大族激光、卫宁健康则被调出十大重仓股序列；广发基金刘格菘持仓结构没有出现大 幅调整。其前十大重仓股当中，亿纬锂能、龙佰集团的持仓量不变，国联股份、福莱特分别新晋成为第 七大重仓股和第九大重仓股。另外，晶澳科技、隆基绿能、锦浪科技等多只个股持股数量均较一季度末 有所增长。 Wind数据显示，截至7月20日记者发稿时，已经有多家基金公司旗下1338只股票型开放式基金（未 合并A/C）发布了二季度报告，其中不乏头部基金公司和张坤、刘格菘、傅鹏博、李晓星等知名基金经 理。易方 ...

截至8月12日午后一小时，主力资金流出前20的股票分别为：北方稀土（-8.27亿元）、盛和资源（-6.25 亿元）、天齐锂业（-5.95亿元）、长城军工（-5.77亿元）、航天科技（-5.38亿元）、中航沈飞（-5.24 亿元）、金发科技（-5.19亿元）、际华集团（-5.16亿元）、兴森科技（-4.47亿元）、赛诺医疗（-4.05 亿元）、中国稀土（-3.89亿元）、包钢股份（-3.84亿元）、禾望电气（-3.81亿元）、西藏天路（-3.63 亿元）、内蒙一机（-3.61亿元）、景旺电子（-3.35亿元）、拓尔思（-3.14亿元）、大族激光（-3.13亿 元）、北方导航（-3.01亿元）、上海瀚讯（-2.84亿元）。 本文源自：金融界 作者：金股通 ...

Investment Rating - The industry investment rating is "Overweight" indicating that the industry is expected to outperform the overall market [2][9]. Core Insights - The PCB industry is experiencing continuous expansion driven by the demand for AI computing infrastructure, with major companies like Huadian and Shenghong investing significantly in new projects [3]. - The expansion is primarily focused on high-layer HDI boards, leading to increased requirements for equipment quantity and pricing [3]. - The exposure segment of PCB equipment, which accounts for 10%-15% of the total equipment value, is seeing higher demand for advanced exposure equipment due to stricter requirements from high-end PCB boards [3]. - The drilling segment, which constitutes about 25% of PCB equipment value, is benefiting from the increasing complexity of PCB designs, with a shift towards laser drilling technology [3]. - The PCB drill needle market is experiencing growth due to the surge in AI demand, prompting manufacturers to expand production capacity [3]. - The electroplating segment, which represents around 10% of PCB equipment value, is seeing increased demand for high-end equipment as AI applications require thicker copper and finer lines [3]. Summary by Sections PCB Expansion - Continuous expansion in the PCB sector is driven by AI computing needs, with significant investments from leading companies [3]. Exposure Equipment - Exposure equipment is critical for high-end PCB production, with domestic companies improving their capabilities to meet rising demands [3]. Drilling Equipment - The drilling process is evolving with a shift towards laser technology, driven by the need for smaller apertures and tighter tolerances in PCB manufacturing [3]. Drill Needles - The demand for high-quality drill needles is increasing, with manufacturers ramping up production to meet the needs of upgraded AI server PCBs [3]. Electroplating Equipment - The demand for advanced electroplating equipment is growing, particularly for high-end applications in the AI sector [3].

Group 1 - On August 11, a total of 3,707 stocks in the A-share market received financing funds, with 394 stocks having a buying amount exceeding 100 million yuan [1] - The top three stocks by financing buying amount were Dongfang Caifu, Xinyi Sheng, and Zhongji Xuchuang, with amounts of 2.089 billion yuan, 1.394 billion yuan, and 1.392 billion yuan respectively [1] - Seven stocks had financing buying amounts accounting for over 30% of the total transaction amount on that day, with Luyang Energy, Sichuan Chengyu, and COFCO Sugar ranking highest at 45.32%, 43.71%, and 41.61% respectively [1] Group 2 - There were 39 stocks with a net financing buying amount exceeding 100 million yuan, with Zhongji Xuchuang, Dazhu Laser, and Ningde Times leading at 471 million yuan, 447 million yuan, and 409 million yuan respectively [1]

Summary of Key Points Core Viewpoint - As of August 11, the total market financing balance reached 2.01 trillion yuan, reflecting an increase of 168.41 billion yuan from the previous trading day, indicating a positive trend in market financing activity [1]. Financing Balances - The financing balance for the Shanghai Stock Exchange was 1.02 trillion yuan, up by 90.72 billion yuan, while the Shenzhen Stock Exchange's balance was 983.9 billion yuan, increasing by 76.65 billion yuan. The Beijing Stock Exchange saw a minor increase to 6.51 billion yuan, up by 1.04 billion yuan [1]. Individual Stock Performance - On August 11, a total of 2,088 stocks experienced net financing inflows, with 672 stocks having net inflows exceeding 10 million yuan. Notably, 39 stocks had net inflows over 100 million yuan. The top stock for net inflow was Zhongji Xuchuang, with 471 million yuan, followed by Dazhu Laser and Ningde Times with 447 million yuan and 409 million yuan, respectively [1][2]. Industry Concentration - The industries with the highest concentration of stocks receiving net inflows over 100 million yuan included electronics, non-ferrous metals, and national defense, with 9, 5, and 4 stocks respectively [1]. Stock Distribution - Among the stocks with significant net inflows, 28 were from the main board, 9 from the ChiNext board, and 2 from the Sci-Tech Innovation board, indicating a diverse interest across different market segments [1]. Financing Balance to Market Value Ratio - The average ratio of financing balance to market value for stocks with significant net inflows was 4.00%. The stock with the highest ratio was Demingli, with a financing balance of 1.15 billion yuan, accounting for 7.69% of its market value. Other notable stocks included Huasheng Tiancai and Dongfang Caifu, with ratios of 7.55% and 7.40% respectively [2][3]. Notable Stock Data - A detailed ranking of net inflows on August 11 showed that Zhongji Xuchuang had a price increase of 2.60% with a net inflow of 471.39 million yuan. Dazhu Laser saw a 10.00% increase with a net inflow of 446.57 million yuan, while Ningde Times had a slight increase of 0.07% with a net inflow of 409.23 million yuan [2][3][4].

Group 1 - On August 11, among the 31 first-level industries, 24 industries received net financing inflows, with the electronics industry leading at a net inflow of 1.724 billion [1] - Other industries with significant net financing inflows included non-ferrous metals (1.598 billion), electric equipment (1.597 billion), machinery (1.526 billion), defense and military (1.336 billion), banking (1.238 billion), and chemicals (0.827 billion) [1] Group 2 - A total of 2,088 individual stocks received net financing inflows on August 11, with 208 stocks having inflows exceeding 30 million [1] - Among these, 39 stocks had net inflows exceeding 100 million, with Zhongji Xuchuang leading at 471 million [1] - Other notable stocks with high net inflows included Dazhu Laser (447 million), Ningde Times (409 million), Shenghong Technology (350 million), Xinyisheng (325 million), Salt Lake Co. (308 million), China Shipbuilding (253 million), Shenghe Resources (214 million), and Northern Rare Earth (212 million) [1]

登录新浪财经APP 搜索【信披】查看更多考评等级 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误导性陈述或重大遗 漏。 一、股票交易异常波动的具体情况 大族激光科技产业集团股份有限公司（以下简称"公司"或"大族激光"）股票交易价格连续三个交易日 （2025年8月7日、2025年8月8日、2025年8月11日）收盘价格涨幅偏离值累计达到24.22%，根据《深圳 证券交易所交易规则》5.4.3之相关规定，即"股票、封闭式基金竞价交易出现下列情形之一的，属于异 常波动，……：（一）主板股票和封闭式基金连续三个交易日内日收盘价涨跌幅偏离值累计达到±20% 的，创业板股票连续三个交易日内日收盘价涨跌幅偏离值累计达到±30%的……"，属于股票竞价交易异 常波动之情形。 四、风险提示 1、经自查，公司不存在违反信息公平披露之情形； 二、公司对本事项关注、核实情况之说明 针对公司股票竞价交易异常波动之情形，公司已对有关事项进行核查，现就相关情况说明如下： 1、公司前期披露的信息不存在需要更正、补充之处； 2、公司未发现近期公共传媒存在报道可能或已经对本公司股票交易价格产生较大影响的未公开重大信 息 ...

Investment Rating - The industry investment rating is "Positive" due to the expected growth driven by advancements in the AI industry and its impact on PCB equipment demand [4]. Core Viewpoints - The development of the AI industry is driving demand for PCB equipment, with key products such as AI servers, 800G switches, and AI smartphones expected to see significant growth. This transformation is a crucial factor for the PCB industry's new development cycle [5]. - The penetration rate of laser applications in PCB processing is increasing, particularly in drilling, exposure, and forming processes, which enhances the efficiency and precision of PCB manufacturing [5]. - Core companies in the laser equipment sector are expected to benefit from the rising complexity of PCB technology, with a focus on high-layer HDI boards and high-value-added processing equipment [5]. Summary by Sections AI Industry Impact - The AI industry's rapid expansion is a key growth engine for the PCB sector, with "All in AI" becoming a primary strategy for leading tech companies [5]. - The demand for high-layer boards and advanced packaging substrates is expected to drive continuous investment in specialized processing equipment [5]. Laser Application in PCB Processing - Drilling: Laser technology allows for the creation of micro-holes under 100 microns, offering a clean, efficient, and precise manufacturing process compared to traditional methods [5]. - Exposure: Laser direct imaging technology eliminates multiple steps in the traditional exposure process, improving production efficiency and quality [5]. - Forming: Laser technology is preferred for high-precision processing of ultra-thin and flexible boards, enhancing the manufacturing capabilities for complex PCB designs [5]. Key Companies - The report highlights several key companies that are expected to benefit from these trends, including: - 大族激光 (Daheng Laser) - 大族数控 (Daheng CNC) - 杰普特 (Jepter) - 帝尔激光 (Dier Laser) - 德龙激光 (Delong Laser) - 英诺激光 (Inno Laser) - 锐科激光 (Raycus Laser) [5][6].

Core Viewpoint - The company, Dazhu Laser, announced that its stock price experienced an abnormal fluctuation, with a cumulative increase of 24.22% over three consecutive trading days [1] Summary by Relevant Sections - **Stock Price Movement** - The stock price of Dazhu Laser showed a cumulative increase of 24.22% over three trading days: August 7, August 8, and August 11, 2025 [1] - **Company's Response** - The company confirmed that there are no corrections or supplements needed for previously disclosed information [1] - The company conducted inquiries and found no recent media reports that could have significantly impacted its stock price [1] - **Operational Status** - The company stated that there have been no significant changes in its recent operational conditions or external business environment [1]

Group 1 - The Ministry of Finance and the State Taxation Administration have released a draft for public consultation regarding the implementation regulations of the Value-Added Tax Law, which clarifies definitions and taxpayer categories [1] - The Central Securities Depository Company has simplified the account opening process for foreign central bank institutions by eliminating the requirement for a signed commitment letter [1][7] - The China Association of Automobile Manufacturers reported that from January to July, sales of new energy vehicles reached 8.22 million units, a year-on-year increase of 38.5% [4] Group 2 - Trust companies have begun receiving the latest regulatory ratings for 2024, with the highest known rating being level 2, indicating a focus on risk management and operational stability [5] - Shanghai Clearing House has also simplified the account opening materials for foreign institutions, enhancing the investment environment in the bond market [7] - Several companies are making significant moves, such as *ST Bio planning to acquire a 51% stake in Huize Pharmaceutical, and Chang'an Automobile's executives planning to increase their shareholdings [8]