证券之星消息，10月27日通信设备板块较上一交易日上涨3.81%，仕佳光子领涨。当日上证指数报收于 3996.94，上涨1.18%。深证成指报收于13489.4，上涨1.51%。通信设备板块个股涨跌见下表： | 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | | --- | --- | --- | --- | --- | --- | --- | | 688313 | 仕佳光子 | 75.95 | 11.94% | 50.98万 | | 38.85 Z | | 002104 | 恒宝股份 | 22.36 | 9.99% | 104.97万 | | 22.98亿 | | 300689 | 澄天伟业 | 56.51 | 9.98% | 7.41万 | | 4.15 乙 | | 300502 | 新易盛 > | 403.95 | 8.31% | 1 58.16万 | | 231.83亿 | | 688027 | 国盾量子 | 450.41 | 7.53% | 8.25万 | | 37.66亿 | | 300394 | 天孚通信 | 190.06 | 6.78% | 48.10万 | ...

Core Insights - The A-share market has seen a collective surge in quantum technology stocks, with notable increases in companies such as GuoDun Quantum and DaHua Intelligent [1][2] - The Central Committee of the Communist Party of China has proposed the development of emerging pillar industries, including quantum technology, as part of the 15th Five-Year Plan, which is expected to create several trillion-yuan markets [1] Company Performance - GuoDun Quantum (688027) rose by 10.54%, with a market capitalization of 47.6 billion and a year-to-date increase of 55.18% [2] - DaHua Intelligent (002512) increased by 10.09%, with a market cap of 5.462 billion and a year-to-date rise of 3.59% [2] - HengBao Co. (002104) reached a 9.99% increase, with a market cap of 15.8 billion and a year-to-date surge of 232.75% [2] - Other notable performers include GuangKu Technology (300620) up 5.85%, GuangXun Technology (002281) up 5.19%, and KeDa GuoChuang (300520) up 4.95% [2] Industry Trends - The proposed 15th Five-Year Plan emphasizes the acceleration of strategic emerging industries such as quantum technology, bio-manufacturing, hydrogen energy, and nuclear fusion, which are expected to become new economic growth points [1] - The plan aims to lay a forward-looking foundation for future industries, potentially reshaping China's high-tech sector over the next decade [1]

Core Viewpoint - Hengbao Co., Ltd. experienced a 5.01% decline in stock price, closing at 20.11 CNY per share, with a trading volume of 834 million CNY and a turnover rate of 6.83%, resulting in a total market capitalization of 14.244 billion CNY [1]. Company Overview - Hengbao Co., Ltd. is located in the Hongtang Industrial Zone of Danyang City, Jiangsu Province, and was established on September 24, 1996. The company was listed on January 10, 2007. Its main business involves the research, development, production, and sales of card products such as magnetic stripe cards and password cards, as well as related operating systems (COS) and ticket products [1]. - The revenue composition of Hengbao Co., Ltd. is as follows: card products account for 78.19%, module products for 21.27%, ticket products for 0.31%, and other supplementary products for 0.24% [1]. Fund Holdings - From the perspective of major fund holdings, one fund under Huatai-PB holds a significant position in Hengbao Co., Ltd. The Zhongzheng 2000 fund (563300) held 272,900 shares in the second quarter, representing 0.27% of the fund's net asset value, ranking as the tenth largest holding. The estimated floating loss today is approximately 289,300 CNY [2]. - The Zhongzheng 2000 fund was established on September 6, 2023, with a latest scale of 1.984 billion CNY. Year-to-date returns are 27.85%, ranking 1711 out of 4218 in its category; one-year returns are 33.95%, ranking 1191 out of 3875; and since inception, returns are 29.86% [2]. - The fund managers, Liu Jun and Li Mu Yang, have cumulative management tenures of 16 years and 146 days, and 4 years and 292 days, respectively. Liu Jun manages assets totaling 466.972 billion CNY, with the best fund return during his tenure being 143.37% and the worst being -45.64%. Li Mu Yang manages assets of 21.183 billion CNY, with the best return of 140.75% and the worst of -43.44% during his tenure [2].

Group 1: Financial Technology Sector Performance - The China Securities Financial Technology Theme Index decreased by 0.91% as of October 23, 2025, with mixed performance among constituent stocks [3] - Geer Software led the gains with an increase of 10.03%, while Dongxin Peace experienced the largest decline at 6.52% [3] - The Financial Technology ETF (516860) fell by 0.88%, with a latest price of 1.46 yuan, but showed a cumulative increase of 2.94% over the past three months, ranking 2nd out of 6 comparable funds [3] Group 2: Market Liquidity and Trading Activity - The Financial Technology ETF had a turnover rate of 1.8% during the trading session, with a transaction volume of 42.15 million yuan [3] - Over the past month, the average daily trading volume of the Financial Technology ETF was 208 million yuan, placing it in the top 2 among comparable funds [3] Group 3: Strategic Development Initiatives - Shenzhen is promoting high-quality development of mergers and acquisitions (M&A) from 2025 to 2027, focusing on strategic emerging industries such as integrated circuits, artificial intelligence, new energy, and biomedicine [4] - The action plan aims for a comprehensive improvement in the quality of listed companies in Shenzhen by the end of 2027, targeting a total market capitalization of over 20 trillion yuan and the cultivation of 20 companies with a market value of over 100 billion yuan [4] Group 4: Financial Technology ETF Growth Metrics - The Financial Technology ETF saw a significant growth of 9.78 billion yuan in scale over the past three months, ranking 2nd among comparable funds [5] - The ETF also experienced an increase of 6.38 billion shares in the same period, again ranking 2nd among comparable funds [5] - The index closely tracks the performance of listed companies involved in financial technology, with the top ten weighted stocks accounting for 55.55% of the index as of September 30, 2025 [5]

Group 1 - The core viewpoint of the news highlights the strong performance of the financial technology sector, with the China Securities Financial Technology Theme Index rising by 1.52% and the Financial Technology ETF increasing by 1.38% as of October 20, 2025 [2][3] - The Financial Technology ETF has shown a significant increase of 26.79% over the past six months, ranking 3rd out of 6 comparable funds [2] - The trading volume of the Financial Technology ETF reached 43.1491 million yuan, with a turnover rate of 1.79% [2] Group 2 - The establishment of the "Shanghai AI-Financial Laboratory" during the Global Wealth Management Forum aims to promote the integration of AI technology with the financial industry, marking a significant step in Shanghai's financial technology ecosystem [3] - The Vice President of the People's Bank of China emphasized the need for countries to develop financial systems that align with their technological development stages [3] - The Financial Technology ETF's latest scale reached 2.376 billion yuan, ranking 2nd out of 6 comparable funds [3] Group 3 - The Financial Technology ETF has seen a net inflow of 28.4017 million yuan over the past three days, with a maximum single-day net inflow of 20.9822 million yuan [4] - The index closely tracks companies involved in financial technology, with the top ten weighted stocks accounting for 55.55% of the index [4]

Market Overview - The communication equipment sector experienced a decline of 5.74% on October 14, with Meilixin leading the drop [1] - The Shanghai Composite Index closed at 3865.23, down 0.62%, while the Shenzhen Component Index closed at 12895.11, down 2.54% [1] Stock Performance - Notable gainers in the communication equipment sector included: - Dongxin Peace (002017) with a closing price of 25.28, up 10.01% [1] - Wanlong Optoelectronics (300710) at 21.73, up 7.15% [1] - Hengbao Co. (002104) at 21.96, up 6.55% [1] - Major decliners included: - Meilixin (301307) at 32.90, down 10.06% [2] - Xinyi Sheng (300502) at 316.50, down 9.21% [2] - Zhongji Xuchuang (300308) at 346.10, down 8.19% [2] Capital Flow - The communication equipment sector saw a net outflow of 6.424 billion yuan from institutional investors, while retail investors had a net inflow of 4.461 billion yuan [2] - The sector's capital flow indicates a mixed sentiment, with institutional investors pulling back while retail investors increased their positions [2] Individual Stock Capital Flow - Dongxin Peace (002017) had a net inflow of 3.15 billion yuan from institutional investors, while it faced a net outflow of 983.79 million yuan from speculative funds [3] - Hengbao Co. (002104) saw a net inflow of 1.90 billion yuan from institutional investors, with a net outflow of 409.64 million yuan from speculative funds [3] - Meilixin (301307) experienced a significant net outflow of 789 million yuan from institutional investors [3]

Group 1 - The core viewpoint of the article highlights the performance of the Zhongzheng 2000 ETF Enhanced (159556), which rose by 0.69% to 1.169 yuan with a trading volume of 597,400 yuan as of the midday close on September 30 [1] - The top holdings of the Zhongzheng 2000 ETF Enhanced include Zhihua New Materials, which increased by 6.49%, and Hengbao Co., which decreased by 1.47% [1] - The fund's performance benchmark is the Zhongzheng 2000 Index return, managed by Ping An Fund Management Co., with a return of 16.56% since its establishment on December 27, 2023, and a return of -1.02% over the past month [1]

Market Overview - The Shanghai Composite Index closed at 3821.83 points, with a decline of 0.18% [1] - The total trading volume of A-shares reached 25,184.71 billion yuan [1] Technical Analysis - A total of 171 A-shares experienced a death cross, where the 5-day moving average fell below the 10-day moving average [1] - Notable stocks with significant distance between their 5-day and 10-day moving averages include: - Innovation Medical: 5-day MA at 22.60 yuan, 10-day MA at 23.25 yuan, a difference of -2.80% [1] - Xiangyu Medical: 5-day MA at 54.48 yuan, 10-day MA at 55.33 yuan, a difference of -1.54% [1] - Northern Long Dragon: 5-day MA at 122.21 yuan, 10-day MA at 123.92 yuan, a difference of -1.38% [1] Stock Performance - Key stocks with notable declines include: - Innovation Medical: down 2.97% with a turnover rate of 16.99% [1] - Xiangyu Medical: down 5.95% with a turnover rate of 2.14% [1] - Northern Long Dragon: down 2.23% with a turnover rate of 20.67% [1] - Other stocks with significant declines include: - Aorui: down 5.25% [1] - Changbai Mountain: down 7.15% [1] - Hengbao Shares: down 6.73% [1]

Market Overview - The Shanghai Composite Index closed at 3781.61 points, with a decline of 1.23% [1] - The total trading volume of A-shares reached 1713.539 billion yuan [1] Technical Analysis - A total of 228 A-shares experienced a death cross, where the 5-day moving average fell below the 10-day moving average [1] - Notable stocks with significant distance between their 5-day and 10-day moving averages include: - Innovation Medical: 5-day MA at 22.55 yuan, 10-day MA at 23.23 yuan, a difference of -2.92% [1] - North Long Dragon: 5-day MA at 121.67 yuan, 10-day MA at 123.65 yuan, a difference of -1.60% [1] - Xiangyu Medical: 5-day MA at 54.49 yuan, 10-day MA at 55.34 yuan, a difference of -1.53% [1] Individual Stock Performance - Significant declines in stock prices include: - Innovation Medical: down 4.27% with a turnover rate of 14.36% [1] - North Long Dragon: down 4.52% with a turnover rate of 13.85% [1] - Xiangyu Medical: down 5.86% with a turnover rate of 1.42% [1] - Other notable declines: - Shandong Mining Machine: down 4.43% [1] - Huakang Clean: down 6.50% [1] - Beautiful Ecology: down 5.15% [1] Additional Stock Data - The following stocks also showed significant declines: - Yuyin Co.: down 5.46% [2] - Kexin Information: down 5.22% [1] - Visual China: down 3.88% [1] - Stocks with notable trading activity include: - Hengbao: down 6.64% with a turnover rate of 10.88% [2] - Changbai Mountain: down 6.53% with a turnover rate of 4.05% [2]

Group 1 - The financial technology sector is experiencing a significant decline, with the China Securities Financial Technology Theme Index dropping by 4%, and many constituent stocks falling over 5% [1] - The financial technology ETF (159851) has seen its price drop by over 4%, trading volume exceeding 700 million yuan, with nearly 20 million shares being net subscribed in real-time [1][2] - The decline is attributed to stricter regulations on stablecoins and tightening oversight on cross-border internet brokerages, impacting companies like Futu Securities and Tiger Brokers [2][3] Group 2 - A long-term perspective indicates that the A-share market is entering a liquidity boom, with trading volumes consistently exceeding 2 trillion yuan [3] - Foreign and long-term institutional capital is flowing into the market, and there is a notable trend of domestic savings being redirected [3] - The financial technology sector is expected to benefit from improved liquidity, with internet brokerages' fundamentals anticipated to improve and financial IT demand gradually being released [3] Group 3 - The financial technology ETF (159851) and its associated funds are recommended for investment, covering various themes such as internet brokerages and AI applications [4] - As of September 17, the financial technology ETF has surpassed 10 billion yuan in size, with an average daily trading volume of over 1.4 billion yuan [4] - The ETF is noted for its leading liquidity among similar funds tracking the same index [4]