Market Overview - The net inflow of large orders in the two markets reached 14.242 billion yuan, with 73 stocks seeing net inflows exceeding 200 million yuan, led by Dongfang Caifu with a net inflow of 2.943 billion yuan [1] - The Shanghai Composite Index closed up by 1.50%, with a total of 2,371 stocks experiencing net inflows and 2,538 stocks seeing net outflows [1] Industry Performance - Among the 20 industries with net inflows, the non-bank financial sector had the highest net inflow of 6.437 billion yuan, with its index rising by 3.73% [1] - The non-ferrous metals sector followed with a net inflow of 3.663 billion yuan and a rise of 4.26% [1] - Other notable sectors with significant inflows included computer and electronics [1] Individual Stock Performance - A total of 73 stocks had net inflows exceeding 200 million yuan, with Dongfang Caifu leading at 2.943 billion yuan, followed by Shanzhi Gaoke at 1.766 billion yuan [2] - The average increase for stocks with net inflows over 200 million yuan was 9.44%, outperforming the Shanghai Composite Index [2] - Specific stocks that saw significant gains included Lianjian Guangdian and Tianli Technology, which closed at their daily limit [2] Top Stocks by Net Inflow - The top stocks by net inflow included: - Dongfang Caifu: 2.943 billion yuan, up 5.73% [2] - Shanzhi Gaoke: 1.766 billion yuan, up 10.12% [2] - Aerospace Electronics: 1.530 billion yuan, up 10.02% [2] - TCL Technology: 1.421 billion yuan, up 8.35% [2] - Tonghuashun: 1.002 billion yuan, up 12.01% [2] Top Stocks by Net Outflow - The stocks with the highest net outflows included: - Zhongji Xuchuang: -2.292 billion yuan, down 2.93% [4] - Xinyi Sheng: -2.198 billion yuan, down 2.13% [4] - China Satellite Communications: -994 million yuan, up 10.00% [4] - BlueFocus: -943 million yuan, down 1.16% [4] - Yongding Co.: -762 million yuan, down 1.58% [4]

Core Viewpoint - The F5G concept sector experienced a decline of 0.21%, ranking among the top losers in the market, with notable declines in stocks such as StarNet Ruijie, Cambridge Technology, and Changxin Bochuang [1][2] Market Performance - The F5G concept sector saw a net outflow of 5.795 billion yuan, with 22 stocks experiencing net outflows, and 10 stocks seeing outflows exceeding 100 million yuan [2] - The stock with the highest net outflow was Zhongji Xuchuang, with a net outflow of 2.578 billion yuan, followed by Changxin Bochuang, Cambridge Technology, and Fenghuo Communication [2] Top Gainers and Losers - Among the F5G concept stocks, the top gainers included Zhenyou Technology, Tongyu Communication, and CITIC Heavy Industries, with increases of 6.17%, 3.38%, and 2.13% respectively [1][2] - The top losers in the F5G sector included Zhongji Xuchuang (-2.93%), Changxin Bochuang (-3.55%), and Cambridge Technology (-4.36%) [2][3] Capital Flow Analysis - The main capital inflows in the F5G concept stocks were observed in Zhenyou Technology, Zhao Chi Shares, and Dekeli, with inflows of 134 million yuan, 114 million yuan, and 6.307 million yuan respectively [2][3] - The overall trend indicates a significant capital outflow from the F5G sector, highlighting potential concerns among investors [2]

Core Viewpoint - The company Suzhou Lieqi Intelligent Equipment Co., Ltd. (Lieqi Intelligent) is accelerating its IPO process, benefiting from its partnership with Zhongji Xuchuang, a leading global supplier of optical modules, particularly in the AI era. The collaboration has significantly driven Lieqi Intelligent's revenue growth, with a substantial portion of its income derived from Zhongji Xuchuang's orders. Group 1 - Lieqi Intelligent's revenue from Zhongji Xuchuang accounted for 57.12%, 62.19%, 58.85%, and 65.55% during the reporting period from 2022 to the first half of 2025 [1][6][33] - The company has seen a revenue increase of 274% and a fivefold increase in net profit from 2022 to 2024, driven by its stable partnership with Zhongji Xuchuang [6][33][34] - The company plans to raise 913 million yuan through its IPO, with 582 million yuan allocated for intelligent production line construction and 251 million yuan for R&D center development [2][30][31] Group 2 - Lieqi Intelligent's R&D investment has a compound annual growth rate of 90.71% from 2022 to 2024, supporting the technological upgrades required by Zhongji Xuchuang [1][28][37] - The company has achieved a global market share ranking of first in optical module placement equipment and second in optical module coupling equipment [2][29][37] - The company has signed significant contracts with Zhongji Xuchuang, totaling 334 million yuan for optical module packaging testing equipment from April 2022 to May 2025 [4][31][32] Group 3 - The company has a high dependency on its top five customers, which contribute approximately 80% of its revenue, with Zhongji Xuchuang being the largest [11][14][37] - Lieqi Intelligent's main products include placement equipment, coupling equipment, aging testing equipment, and automation solutions, which are essential for the optical module packaging process [11][38] - The company has faced challenges with accounts receivable, which accounted for 40% of its revenue, primarily from Zhongji Xuchuang, and has reported negative cash flow from operating activities in the first half of 2025 [18][20][30]

主力资金早间净流入非银金融、有色金属、电子、基础化工等板块，净流出通信、美容护理等板块。 具体到个股来看，东方财富、山子高科、利欧股份获净流入24.19亿元、18.96亿元、17.46亿元。 净流出方面，中际旭创、宁德时代、航天发展遭抛售19.01亿元、11.94亿元、8.46亿元。 (本文来自第一财经) ...

转自：智通财经 【主力资金监控：中际旭创净卖出超19亿】智通财经1月6日电，智通财经星矿数据显示，今日早盘主力 资金净流入有色金属、非银金融、证券等板块，净流出通信、国防军工、电子等板块，其中通信板块净 流出超98亿元。个股方面，山子高科涨停，主力资金净买入超12.74亿元位居首位，东方财富、中超控 股、N陕旅获主力资金净流入居前；中际旭创遭净卖出超19亿元，新易盛、利欧股份、中国卫通资金净 流出额居前。 ...

2025年8月18日，山东主营光模块生产的上市公司中际旭创(300308.SZ)市值超越迈瑞医疗(300760.SZ),跻身创业板市值第三。9月3 日，其股价升至426.19元/股，总市值达到4735亿元，超越东方财富(300059.SZ)跃升为创业板市值第二，仅次于宁德时代 (300750.SZ),重塑了创业板的市值格局。2025年12月25日，中际旭创盘中触及658.8元/股的历史最高价，市值高达7109亿元。 中际旭创市值飙升是山东科技创新企业稳健发展的缩影。近年来，山东强化高质量科技供给，加快实施重点产业科技创新行动计 划，持续优化科研组织方式，实施"企业找技术、成果找市场"的双向"揭榜挂帅"机制，一体化推动重大技术攻关和成果转化，为培 育新质生产力提供源源不断的动力。"十四五"以来，山东已新增境内上市公司84家，其中科创型企业占比超90%。 价值： 中际旭创跃升创业板市值第二，为山东新旧动能转换写下亮眼注脚。这家源自烟台的企业从传统装备制造跨界切入光模块赛道，凭 借200G、400G、800G及1.6T等高速光模块产品站稳全球龙头，其快速成长不仅刷新了鲁股市值天花板，更向市场展现了山东企业 拥抱新经 ...

Group 1 - The core viewpoint of the article highlights a short-term decline in the stock prices of computing hardware companies, specifically CPO and others [1] - Companies such as Huylv Ecological and Yuanjie Technology experienced a drop of over 5% in their stock prices [1] - Other companies including Zhongji Xuchuang, Xinyi Sheng, and Cambridge Technology saw their stock prices decrease by more than 4% [1]

Market Overview - The A-share market performed outstandingly in 2025, with major indices rising across the board, led by growth styles: CSI 300 up 17.66%, CSI 500 up 30.39%, CSI 1000 up 27.49%, ChiNext 50 up 57.45%, and Sci-Tech 50 up 35.92% [1] - The market in 2025 was primarily driven by liquidity easing and thematic rotation, with expectations that 2026 may enter an "earnings verification period" [1] - It is recommended to focus on policy-driven, profit recovery, and economic recovery directions, particularly in technology growth and high-end manufacturing sectors [1] Industry Focus ChiNext 50 Index - The ChiNext 50 Index serves as a direct financing platform for innovative and entrepreneurial companies, focusing on "three innovations (innovation, creation, creativity)" and "four new (new technologies, new industries, new business formats, new models)" [1] - The index emphasizes sectors such as information technology, new energy, financial technology, and pharmaceuticals, showcasing pure technology growth attributes [1] Key Sectors Technology and AI - The ChiNext 50 Index includes 52% of the information technology sector, with 23% weight in optical modules, which were among the best-performing technology tracks in 2025 [4] - The industry is experiencing a "volume and price rise" pattern, with significant growth in 800G optical modules and the commercialization of 1.6T optical modules, leading to revenue growth exceeding 50% for major manufacturers [4][16] - Long-term demand for AI computing power is expected to surge, with optical modules serving as the "transmission foundation" [4] New Energy Photovoltaics - The new energy photovoltaic sector saw significant gains in 2025, with policies stabilizing prices and a recovery in single crystal silicon prices by approximately 40% and lithium carbonate prices by about 60% [6][16] - The midstream industry chain is optimizing, with leading companies like CATL experiencing profit recovery after a price war [6][16] Pharmaceuticals and Biotechnology - The pharmaceutical sector performed well in 2025, driven by the explosive growth of innovative drugs [6] - The license-out transaction value for Chinese innovative drugs is expected to grow at a compound annual growth rate of 125% from 2019 to 2024, with AI applications in medical imaging and diagnostics accelerating revenue growth [6][16] ChiNext 50 ETF - The ChiNext 50 ETF (159949) tracks the ChiNext 50 Index, focusing on high-quality leading companies in five major technology sectors: new energy vehicles, biomedicine, electronics, photovoltaics, and internet finance [7] - The ETF has a robust liquidity profile, with an average daily trading volume of 1.471 billion yuan over the past year, ranking among the top ETFs on the Shenzhen Stock Exchange [7] - The latest fund size is 30.652 billion yuan, making it one of the largest funds tracking the ChiNext-related indices [7]

Group 1 - As of January 5, 2026, 8 brokerage firms have announced their "golden stocks," with a total of 36 firms recommending 333 stocks, involving 228 A-shares [1] - Among the recommended stocks, 152 are from the main board, 37 from the ChiNext board, 37 from the Sci-Tech Innovation board, and 2 from the Beijing Stock Exchange [1] - The most popular stocks include Zhongji Xuchuang, Zijin Mining, and Yun Aluminum, which have been recommended 11 times, 9 times, and 4 times respectively [1] Group 2 - A total of 140 A-shares have seen an increase in recommendation counts compared to the previous month, with Zijin Mining, Yun Aluminum, and Sanhua Intelligent Control experiencing the most significant increases of 6, 4, and 4 recommendations respectively [1] - Conversely, 23 A-shares have had a decrease in recommendation counts, with China Merchants Bank, Haiguang Information, and Hengli Hydraulic each seeing a reduction of 4 recommendations compared to the previous month [1]

Group 1 - The core viewpoint of the article highlights the performance of the 创业50ETF (159682), which rose by 1.90% to 1.505 yuan with a trading volume of 195 million yuan as of the midday close [1] - Major holdings in the 创业50ETF include 宁德时代, which increased by 1.68%, 中际旭创 up by 1.97%, and 东方财富 rising by 1.81%, while 新易盛 decreased by 0.51% [1] - The fund has a performance benchmark of the 创业板50 index return, managed by 景顺长城基金管理有限公司, with a return of 47.75% since its inception on December 23, 2022, and a one-month return of 5.23% [1]