Core Viewpoint - The third-generation semiconductor sector has shown a positive performance, with a 2.10% increase, ranking it 10th among concept sectors, indicating strong investor interest and potential growth in this area [1]. Group 1: Sector Performance - The third-generation semiconductor concept saw 106 stocks rise, with notable performers including Guankang Technology, which hit a 20% limit up, and other companies like Zhongci Electronics and Youa Shares also reaching their limit up [1]. - The sector's performance was contrasted by declines in stocks such as Dongwei Semiconductor, Heertai, and Duofluor, which fell by 8.92%, 4.69%, and 4.01% respectively [1]. Group 2: Capital Inflow - The third-generation semiconductor sector experienced a net capital inflow of 1.156 billion yuan, with 72 stocks receiving net inflows, and 17 stocks attracting over 100 million yuan in net inflows [2]. - The leading stock in terms of net capital inflow was Beifang Huachuang, which saw an inflow of 1.385 billion yuan, followed by Tiantong Co. and Huagong Technology with inflows of 362 million yuan and 361 million yuan respectively [2]. Group 3: Stock Performance and Turnover - Stocks with the highest net inflow ratios included Youa Shares at 26.76%, Zhongci Electronics at 17.65%, and Beifang Huachuang at 15.28% [3]. - The top performers in the third-generation semiconductor sector based on daily turnover and net inflow included Beifang Huachuang, Tiantong Co., and Huagong Technology, with turnover rates of 2.44%, 18.10%, and 8.87% respectively [3][4].

Core Insights - The Shanghai Composite Index recorded a slight increase, achieving a 14-day winning streak, while the ChiNext Index experienced a pullback [1] - The total trading volume in the Shanghai and Shenzhen markets reached 2.85 trillion yuan, marking a 476 billion yuan increase from the previous trading day, with trading volumes exceeding 2.8 trillion yuan for two consecutive days [1] - Market sentiment showed rapid rotation among sectors, with over 3,100 stocks declining [1] Sector Summaries Semiconductor Equipment - The semiconductor equipment sector saw a significant surge, with companies like Northern Huachuang and Zhongwei Company reaching historical highs [2] - According to Dongwu Securities, the domestic semiconductor equipment industry is poised for historic growth, with an expected order growth rate exceeding 30% and potentially reaching over 50% by 2026 [2] - The sector is experiencing strong momentum due to continuous capital inflow, although caution is advised regarding the overall market capitalization of key stocks [2] Coal Industry - The coal sector strengthened in the afternoon, with companies such as Dayou Energy and Shanxi Black Cat hitting the daily limit [2] - Guohai Securities forecasts an improvement in the supply-demand relationship in the coal industry by 2026, with expected price increases for thermal and coking coal [2] - The anticipated average price for thermal coal is around 750 yuan, while coking coal is expected to average 1,550 yuan, indicating potential recovery in industry profitability [2] Controlled Nuclear Fusion - The controlled nuclear fusion sector showed strong fluctuations, with companies like China First Heavy Industries and China Nuclear Engineering hitting the daily limit [3] - The recent announcement from Energy Singularity regarding significant progress in nuclear fusion technology has catalyzed interest in this sector [3] - This sector is characterized by speculative trading driven by event catalysts, with potential for continued activity in the market [3] Commercial Aerospace - The commercial aerospace sector faced mixed sentiments, with stocks like China Satellite and Shanghai Hanxun declining over 6% due to the suspension of two major stocks for investigation [6] - Despite the pullback, stocks like Tongyu Communication and Lei Ke Defense maintained strong performance, indicating ongoing interest in the sector [6] - The sector's high popularity continues to attract capital, suggesting resilience as long as there is no significant negative feedback [6] Market Analysis - The market experienced fluctuations throughout the day, with all three major indices closing slightly higher and trading volume increasing [8] - There is a noticeable increase in market divergence, with more stocks declining than rising, indicating potential short-term correction needs [8] - The commercial aerospace sector remains a core focus, alongside semiconductor equipment and AI applications, which are showing positive rotation trends [8]

证券之星消息，1月7日半导体板块较上一交易日上涨2.16%，芯源微领涨。当日上证指数报收于 4085.77，上涨0.05%。深证成指报收于14030.56，上涨0.06%。半导体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) | | --- | --- | --- | --- | --- | --- | | 688261 | 东微半导 | 89.98 | -8.92% | 16.58万 | 15.36 Z | | 688702 | 盛科通信 | 130.98 | -7.53% | 8.50万 | 11.18亿 | | 300672 | ■科微 | 110.71 | -7.46% | 35.04万 | 38.75 Z | | 920179 | 凯德石英 | 46.20 | -5.04% | 8.42万 | 4.07亿 | | 688270 | 坛撞科技 | 131.93 | -3.65% | 25.92万 | 34.13 乙 | | 688608 | 恒玄科技 | 234.00 | -3.52% | 6.18万 | 14.55 Z | | 688279 | ...

Core Viewpoint - The National Big Fund's stock concept rose by 2.84%, ranking fifth among concept sectors, with 35 stocks increasing in value, led by Nanda Optoelectronics which hit a 20% limit up [1] Group 1: Stock Performance - Nanda Optoelectronics achieved a 20% limit up, while Xinfeng Electronics, Changchuan Technology, and Jingrui Electronic Materials saw increases of 15.65%, 13.09%, and 9.85% respectively [1] - The stocks with the largest declines included Shengke Communication, Guoke Micro, and Yandong Micro, which fell by 7.53%, 7.46%, and 2.25% respectively [1] Group 2: Concept Sector Performance - The top-performing concept sectors included Photoresist with a 6.05% increase, Storage Chips at 3.30%, and Lithography Machines also at 3.30% [2] - The National Big Fund's stock concept was noted for a 2.84% increase, with significant contributions from other sectors like Advanced Packaging and Controlled Nuclear Fusion, which rose by 2.54% and 2.53% respectively [2] Group 3: Capital Inflow - The National Big Fund's stock concept saw a net inflow of 1.728 billion yuan, with 25 stocks receiving net inflows, and 12 stocks exceeding 100 million yuan in net inflow [2] - The leading stock in terms of net inflow was Northern Huachuang, which attracted 1.385 billion yuan, followed by Nanda Optoelectronics and Changchuan Technology with net inflows of 871 million yuan and 671 million yuan respectively [2] Group 4: Capital Inflow Ratios - Northern Huachuang, Xinfeng Electronics, and Changchuan Technology had the highest net inflow ratios at 15.28%, 11.31%, and 9.42% respectively [3] - The data indicates a strong interest from major funds in these stocks, reflecting positive market sentiment towards the National Big Fund's holdings [3]

Market Overview - A-shares experienced a strong rise, with the Shanghai Composite Index approaching 4100 points, marking a 10-year high, before retreating in the afternoon [1][3] - The total trading volume in the Shanghai and Shenzhen markets reached approximately 2.88 trillion yuan, an increase of nearly 50 billion yuan compared to the previous day [3] Semiconductor Sector - The semiconductor industry saw significant gains, with stocks in the photolithography, storage chip, and advanced packaging segments collectively surging [4][5] - Notable stocks included Nanda Optoelectronics and Chip Source Microelectronics, both hitting the daily limit of 20% increase, while Anji Technology rose nearly 19% [5][7] - The semiconductor sector is driven by rising prices across the supply chain, sustained AI demand, and the strengthening of domestic substitution logic [7] Coal Sector - The coal sector experienced a substantial rise, with companies like Dayou Energy and Shaanxi Black Cat hitting the daily limit, and Zhengzhou Coal Electric rising over 8% [9][11] - Futures for coking coal and coke saw limit-up increases, driven by expected heating demand due to colder temperatures in the eastern and central regions post-New Year [11] - Analysts suggest that the coal market is expected to stabilize, with a tight supply-demand balance anticipated over the next 3-5 years, making quality coal companies attractive investments [11] Rare Earth Sector - The rare earth sector showed strong performance, with stocks like Fangbang Co. and Zhongke Magnetic Materials rising over 12% and 7% respectively [13][15] - Analysts indicate that supply in the rare earth segment is gradually recovering, but market circulation remains tight, supporting stable prices [15]

截至1月7日收盘，中芯国际概念上涨3.00%，位居概念板块涨幅第4，板块内，58股上涨，芯源微、南 大光电等20%涨停，彤程新材涨停，安集科技、兴福电子、先锋精科等涨幅居前，分别上涨18.86%、 15.65%、13.83%。跌幅居前的有凯德石英、多氟多、创元科技等，分别下跌5.04%、4.01%、3.82%。 资金流入比率方面，彤程新材、北方华创、兴福电子等流入比率居前，主力资金净流入率分别为 31.09%、15.28%、11.31%。 中芯国际概念资金流入榜 | 代码 | 简称 | 今日涨跌幅 | 今日换手率 | 主力资金流量（万 | 主力资金净流入比率 | | --- | --- | --- | --- | --- | --- | | | | （%） | （%） | 元） | （%） | | 002371 | 北方华 创 | 6.06 | 2.44 | 138450.13 | 15.28 | | 300346 | 南大光 电 | 20.00 | 29.92 | 87109.30 | 8.35 | | 002409 | 雅克科 技 | 8.05 | 13.73 | 25421.71 | 6.60 | | ...

Core Viewpoint - The article emphasizes the importance of selecting the right sectors in the A-share market, particularly focusing on emerging industries supported by government policies, such as integrated circuits, new energy, and biomedicine, which are expected to yield significant returns in the coming year [1]. Group 1: Selection Logic - The ten selected stocks are based on three hard standards: policy support, performance certainty, and reasonable valuation [3]. - Policy support is derived from the Ministry of Industry and Information Technology's focus on emerging pillar industries, which will benefit from research subsidies and industrial support [3]. - Performance is guaranteed with expected revenue/net profit growth of at least 20% and a return on equity (ROE) of at least 15% by 2025, with data sourced from company annual reports [3]. - Valuation is considered reasonable if the price-to-earnings (PE) and price-to-book (PB) ratios are below industry averages or at historical lows, providing a safety margin [3]. Group 2: Potential Stocks Analysis - The ten companies span key sectors such as semiconductors, new energy, and biomedicine, each with solid growth logic supported by authoritative data [5]. - Notable companies include: - Northern Huachuang (002371): A leader in semiconductor equipment with a leading domestic market share and a PEG of 1.2 [5]. - China Great Wall (000066): A core player in the Xinchuang hardware sector with a historical low PE of approximately 28 times and strong asset integration expectations [5]. - Desheng Technology (002908): A small-cap stock benefiting from social security services and data rights, with high elasticity expected as policies accelerate in 2026 [5]. Group 3: Core Sector Opportunities - Three key sectors are highlighted for their concentrated policy benefits and strong growth certainty: - Semiconductors and domestic substitution: The Ministry of Industry and Information Technology is promoting industrial foundation reconstruction, benefiting companies like SMIC and Northern Huachuang [6]. - New energy (photovoltaics and energy storage): The national energy work conference aims for an additional 200 million kilowatts of wind and solar installations by 2026, with companies like Longi Green Energy and CATL positioned to benefit [6]. - Biomedicine and innovative drugs: As an emerging pillar industry, stable policies and accelerated overseas expansion are expected to benefit companies like Heng Rui Medicine and Huahai Pharmaceutical [6]. Group 4: Practical Guide for Investors - Investors are advised to utilize three practical methods to seize opportunities without falling into pitfalls: - Verify authoritative information by checking company annual reports on the Shanghai and Shenzhen Stock Exchanges to confirm performance and order status [8]. - Diversify investments by selecting 1-2 stocks from each of the semiconductor, new energy, and biomedicine sectors to mitigate risks [8].

记者丨刘雪莹 编辑丨曾静娇 1月7日午后，A股冲高回落， 沪指微涨录得14连阳。 贵金属突变，黄金、白银全线跳水，国 内商品期货大面积上涨。沪深两市成交额2.88万亿，较上一个交易日放量493亿，成交额连续2 个交易日超2.8万亿，全市场3188只个股下跌，2164股上涨。 | 上证指数 | 深证成指 | 科创综指 | | --- | --- | --- | | 4085.77 | 14030.56 | 1746.72 | | +2.11 +0.05% +8.01 +0.06% +26.32 +1.53% | | | | 万得全A | 创业板指 | 北证50 | | 6654.10 | 3329.69 | 1496.28 | | +12.34 +0.19% +10.40 +0.31% +3.24 +0.22% | | | | 沪深300 | 中证500 | 中证A500 | | 4776.67 | 7875.08 | 5860.25 | | -14.03 -0.29% +60.95 +0.78% +0.05 0.00% | | | | 中证1000 | 深证100 | 中证红利 | | 7906.42 | 5 ...

Market Overview - A-shares opened high and experienced fluctuations, with the Shanghai Composite Index closing at 4085.77 points, up 0.05% [1] - The Shenzhen Component Index rose 0.06% to 14030.56 points, while the CSI 300 Index fell 0.29% to 4776.67 points [1] - The total trading volume in the two markets reached 2.85 trillion yuan, marking the second consecutive day above 2.8 trillion yuan [1] Sector Performance - The semiconductor sector saw significant gains, driven by rising prices of storage chips, with stocks like Tongcheng New Materials and Hengkun New Materials hitting the daily limit [1][2] - The controlled nuclear fusion concept gained traction, with stocks such as Wangzi New Materials and China Nuclear Engineering hitting the daily limit, following breakthroughs in experimental methods [3] - The non-ferrous nickel sector also experienced a rally, with the main nickel contract reaching a high of $18,735 per ton, the highest since June 2024 [4] Institutional Insights - Goldman Sachs recommends overweight positions in A-shares and H-shares, projecting a 20% increase in the MSCI China Index and a 12% rise in the CSI 300 Index for 2026, driven by double-digit earnings growth and moderate valuations [5] - Huaxi Securities anticipates an early start to the spring market rally, maintaining a bullish outlook and suggesting focus on emerging growth sectors and anti-involution opportunities [6] - Shenwan Hongyuan emphasizes the ongoing structural themes in the spring market, highlighting opportunities in AI computing chains and cyclical stocks [8] Technical Analysis - Dongfang Securities notes that the Shanghai Composite Index is approaching the 4100-point mark, predicting a slowdown in upward momentum and potential volatility [9]

Group 1 - The semiconductor industry chain is experiencing significant growth, with major stocks like North Huachuang, Zhongwei Company, and Tuojing Technology reaching historical highs, and the total market value of these stocks exceeding 100 billion yuan [1][4] - The price of storage chips is rising, with reports indicating that a single 256G DDR5 server memory stick from Hynix and Samsung can exceed 40,000 yuan, with some reaching as high as 49,999 yuan [5] - Huang Renxun's speech at CES 2026 emphasized the long-term demand for storage chips, indicating a shift in AI processing bottlenecks towards context storage, which is expected to drive significant growth in the storage chip market [14] Group 2 - Recent major asset restructuring announcements from companies like SMIC, Zhongwei Company, and Huahong Company have boosted market sentiment [15] - The upcoming IPO of Changxin Technology, which aims to raise 29.5 billion yuan for various technology upgrade projects, is expected to further enhance the domestic storage sector [15]