Core Viewpoint - There are rumors regarding the fourth-quarter performance of Shenghong Technology (300476.SZ), a leading printed circuit board company, which have raised investor concerns. However, the company has stated that these rumors are not based on any official announcements and that their order situation remains normal [1][2]. Group 1: Financial Performance - In the third quarter, Shenghong Technology reported a revenue of 5.086 billion yuan, representing a year-on-year increase of 78.95% [1]. - The net profit attributable to shareholders for the third quarter was 1.102 billion yuan, a significant year-on-year increase of 260.52% [1]. - Despite the impressive year-on-year figures, the net profit for the third quarter decreased by 9.88% compared to the second quarter's 1.223 billion yuan [2]. Group 2: Market Reactions - Following the release of the third-quarter report, Shenghong Technology's stock price fell over 7% on October 28, and has since experienced a cumulative decline of 21% [1]. - As of December 1, the stock price closed at 268.82 yuan per share, with a slight decrease of 0.69%, but still reflecting a year-to-date increase of 541.27% [2]. Group 3: Operational Factors - The decline in net profit was attributed to three main factors: adjustments in HDI production lines to meet customer demands, an increase in workforce by approximately 2,000 to 3,000 employees leading to higher labor costs, and increased R&D investment for new product introductions [2]. - The company has addressed rumors regarding a loss of orders from Nvidia, clarifying that they have confirmed with Bloomberg that no such news was published, and emphasized that their overall business situation remains positive with no significant changes in core customer orders [2].

12月1日，21财经《辟谣财知道》注意到，市场出现有关印制电路板龙头企业胜宏科技（300476.SZ）第四季度业绩有 变的相关传闻，引发投资者关注。 对此，21财经·南财快讯记者以投资者身份致电胜宏科技，接线工作人员表示， 目前市场流传的相关业绩预告并非公司 发布，且公司在手订单正常，未出现异常情况。 此前影响第三季度业绩的"料号切换"问题已结束，但公司暂未披露第 四季度的业绩预测。 事实上，当前市场对胜宏科技业绩走势高度敏感。时间回溯至10月28日，胜宏科技披露2025年三季报，数据显示第三 季度实现营业收入50.86亿元，同比增长78.95%；归母净利润11.02亿元，同比大增260.52%。 尽管同比数据亮眼，但第三季度归母净利润较第二季度的12.23亿元环比下降9.88%。受此影响，10月28日，胜宏科技 股价盘中一度跌超7%，而自三季报披露至今，其股价开启震荡走低态势，目前已累计下滑21%。 针对净利环比下滑，胜宏科技在电话会上解释称，主要受三大因素影响： 一是配合客户需求进行HDI产线调整导致短期产能波动；二是新厂房投产后员工数量增加约两三千人，人力成本上 升；三是新产品导入（NPI）研发投入增加 ...

98股主力资金净流入超1亿元。 今日（12月1日），A股三大指数今日集体上涨，市场成交额达到18894.49亿元，较上一交易日放量超 2900亿元。 此外，中际旭创、鹏鼎控股、宁德时代、航天发展、北京君正、光启技术主力资金净流入均超5亿元。 主力资金方面，市场全天资金3.43亿元。11个行业主力资金净流入，电子、通信、有色金属净流入排名 前三，分别为58.82亿元、44.55亿元、16.46亿元。电力设备、传媒、生物医药、非银金融、银行、计算 机6个行业主力资金净流出均超10亿元。 中兴通讯主力资金净流入居首 从个股来看，98股主力资金净流入超1亿元，其中14股净流入金额超4亿元。 中兴通讯涨停，主力资金净流入38.28亿元，居于首位。消息面上，中兴通讯发布消息称，目前，搭载 豆包手机助手技术预览版的工程样机努比亚M153少量发售，供开发者和感兴趣的朋友体验豆包手机助 手。 广和通涨停，主力资金净流入10.33亿元，日前，华为AI玩具"憨憨"销售火爆。今年6月，广和通宣布与 珞博智能达成战略合作，公司表示将为珞博智能旗下AI养成系潮玩Fuzozo芙崽赋能。 | 代码 | 简称 | 今日涨跌幅 | 净流入资金 ...

两市全天特大单净流入67.49亿元，其中41股特大单净流入超2亿元，中兴通讯特大单净流入49.22亿元， 特大单净流入资金居首。 沪指今日收盘上涨0.65%。资金面上看，沪深两市全天特大单净流入67.49亿元，共计1946股特大单净流 入，2727股特大单净流出。 从申万一级行业来看，今日有14个行业特大单资金净流入，通信特大单净流入规模居首，净流入资金 63.60亿元，该行业指数今日上涨2.81%，其次是电子，今日上涨1.58%，净流入资金为52.70亿元，净流 入资金居前的还有有色金属、汽车等行业。 特大单资金净流出的行业共有17个，净流出资金最多的是电力设备，特大单净流出资金20.30亿元，其 次是计算机，特大单净流出资金13.35亿元，净流出资金居前的还有传媒、医药生物等行业。 具体到个股来看，41股特大单净流入超2亿元，中兴通讯特大单净流入49.22亿元，净流入资金规模居 首；广和通特大单净流入资金12.96亿元，位列第二；净流入资金居前的还有北京君正、兆易创新、紫 金矿业等。特大单净流出股中，阳光电源特大单净流出资金12.17亿元，净流出资金最多；东方财富、 胜宏科技特大单净流出资金分别为10.2 ...

Market Overview - The Shanghai Composite Index rose by 0.65% on December 1, with 28 out of 31 sectors experiencing gains, led by the metals and communications sectors, which increased by 2.85% and 2.81% respectively [1] - The electronic sector ranked third in terms of daily gains, with a rise of 1.58% [1] Fund Flow Analysis - The net inflow of capital in the two markets was 775 million yuan, with 11 sectors seeing net inflows [1] - The electronic sector had the highest net inflow, amounting to 7.22 billion yuan, while the communications sector followed with a net inflow of 5.56 billion yuan [1] Electronic Sector Performance - Within the electronic sector, 471 stocks were tracked, with 357 stocks rising and 110 stocks declining [2] - Notably, 12 stocks hit the daily limit up, indicating strong investor interest [2] - The top three stocks by net inflow were Zhaoyi Innovation (10.45 billion yuan), Pengding Holdings (7.34 billion yuan), and Beijing Junzheng (5.75 billion yuan) [2] Electronic Sector Outflow - The electronic sector also had stocks with significant net outflows, with Industrial Fulian leading at 1.29 billion yuan, followed by Shenghong Technology at 1.12 billion yuan, and Changying Precision at 722 million yuan [3] - The overall performance of the electronic sector reflects a mixed sentiment among investors, with both inflows and outflows observed [2][3]

炒股就看金麒麟分析师研报，权威，专业，及时，全面，助您挖掘潜力主题机会！ 12月1日，胜宏科技收跌0.69%，收盘价为268.82元，发生2笔大宗交易，合计成交量16.7万股，成交金 额4489.29万元。 第2笔成交价格为268.82元，成交4.70万股，成交金额1,263.45万元，溢价率为0.00%，买方营业部为华 泰证券股份有限公司上海武定路证券营业部，卖方营业部为机构专用。 进一步统计，近3个月内该股累计发生74笔大宗交易，合计成交金额为32.01亿元。该股近5个交易日累 计上涨6.76%，主力资金合计净流入7728.41万元。 责任编辑：小浪快报 第1笔成交价格为268.82元，成交12.00万股，成交金额3,225.84万元，溢价率为0.00%，买方营业部为机 构专用，卖方营业部为机构专用。 ...

Market Overview - On December 1, the Shanghai Composite Index rose by 0.65%, the Shenzhen Component Index increased by 1.25%, the ChiNext Index went up by 1.31%, and the CSI 300 Index gained 1.10% [1] - Among the tradable A-shares, 3,398 stocks rose, accounting for 62.56%, while 1,872 stocks declined [1] Capital Flow - The net inflow of main funds was 775 million yuan for the day [1] - The ChiNext saw a net outflow of 4.43 billion yuan, while the STAR Market had a net inflow of 545 million yuan [1] - The CSI 300 constituent stocks experienced a net inflow of 8.54 billion yuan [1] Industry Performance - Out of the 28 first-level industries classified by Shenwan, the top-performing sectors were non-ferrous metals and communications, with increases of 2.85% and 2.81%, respectively [1] - The sectors with the largest declines included agriculture, forestry, animal husbandry, and fishery (-0.43%), environmental protection (-0.23%), and real estate (-0.06%) [1] Industry Capital Flow - The electronic industry had the highest net inflow of main funds, totaling 7.22 billion yuan, with a daily increase of 1.58% [1] - The communication industry also saw significant inflow, with 5.56 billion yuan and a daily increase of 2.81% [1] - The power equipment industry had the largest net outflow, totaling 2.99 billion yuan, despite a daily increase of 0.57% [1] - The computer industry experienced a net outflow of 2.30 billion yuan, with a daily increase of 0.64% [1] Individual Stock Performance - A total of 2,117 stocks saw net inflows, with 737 stocks having inflows exceeding 10 million yuan, and 124 stocks exceeding 100 million yuan [2] - The stock with the highest net inflow was ZTE Corporation, which rose by 10.00% with a net inflow of 4.39 billion yuan [2] - Other notable inflows included Zhaoyi Innovation and Guanghetong, with net inflows of 1.05 billion yuan and 1.03 billion yuan, respectively [2] - Stocks with net outflows exceeding 100 million yuan included Sunshine Power, Industrial Fulian, and Shenghong Technology, with outflows of 1.31 billion yuan, 1.29 billion yuan, and 1.12 billion yuan, respectively [2]

12月1日，21财经《辟谣财知道》注意到，市场出现有关印制电路板龙头企业胜宏科技（300476.SZ）第 四季度业绩有变的相关传闻，引发投资者关注。 对此，21财经·南财快讯记者以投资者身份致电胜宏科技，接线工作人员表示，目前市场流传的相关业 绩预告并非公司发布，且公司在手订单正常，未出现异常情况。此前影响第三季度业绩的"料号切换"问 题已结束，但公司暂未披露第四季度的业绩预测。 事实上，当前市场对胜宏科技业绩走势高度敏感。时间回溯至10月28日，胜宏科技披露2025年三季报， 数据显示第三季度实现营业收入50.86亿元，同比增长78.95%；归母净利润11.02亿元，同比大增 260.52%。 尽管同比数据亮眼，但第三季度归母净利润较第二季度的12.23亿元环比下降9.88%。受此影响，10月28 日，胜宏科技股价盘中一度跌超7%，而自三季报披露至今，其股价开启震荡走低态势，目前已累计下 滑21%。 针对净利环比下滑，胜宏科技在电话会上解释称，主要受三大因素影响：一是配合客户需求进行HDI产 线调整导致短期产能波动；二是新厂房投产后员工数量增加约两三千人，人力成本上升；三是新产品导 入（NPI）研发投入增加 ...

Market Overview - The A-share market showed a strong upward trend on December 1, with the Shanghai Composite Index returning above 3900 points, closing up 0.65% at 3914.01 [3][4] - The Shenzhen Component Index rose by 1.25% to 13146.72, while the ChiNext Index increased by 1.31% to 3092.50 [4] Sector Performance - The AI mobile phone and smart wearable sectors were particularly active, with the semiconductor industry chain seeing significant gains, especially in photolithography machines and MCU chips [3][4] - The consumer electronics sector experienced a collective surge, led by AI mobile phone stocks, with companies like ZTE Corporation, Chaoyang Technology, and Furong Technology hitting the daily limit [3][4] Notable Stock Movements - Several stocks saw substantial increases, including: - Haosheng Electronics (+29.97% to 22.64) - Yunzhu Technology (+20.00% to 51.30) - Beilong Precision (+20.00% to 55.63) [5] - The commercial aerospace concept continued to perform strongly, with stocks like Reco Defense and Tongyu Communication also hitting the daily limit [6] Trading Volume and Capital Flow - The total trading volume in the Shanghai and Shenzhen markets reached 1.87 trillion, an increase of 288.1 billion from the previous trading day, with nearly 3400 stocks rising [6] - Main capital inflows were observed in the semiconductor, communication, and non-ferrous metal sectors, while outflows were noted in photovoltaic equipment, software development, and media sectors [8] Institutional Insights - Galaxy Securities predicts that the A-share market will maintain an upward trend in December, with short-term fluctuations expected [10] - CITIC Securities suggests that any potential downturns could present better investment opportunities, focusing on strategic positioning for the year-end market [10] - Huatai Securities anticipates improvements in fundamental expectations and macro liquidity, potentially leading to an early start of the spring market rally [11]

Group 1: Chip ETF Performance - The Chip ETF Tianhong (159310) has seen a trading volume of 7.4652 million yuan as of December 1, 2025, with the underlying index, the CSI Chip Industry Index (H30007), rising by 1.33%, marking six consecutive days of gains [1] - Over the past week, the Chip ETF Tianhong (159310) has experienced a significant growth of 47.2038 million yuan, and in the last month, it has increased by 2.3 million units [1] - Notable constituent stocks include Beijing Junzheng (300223) up by 14.84%, Huazhong Microelectronics (688396) up by 8.40%, and Nanda Optoelectronics (300346) up by 6.92% [1] Group 2: Electronic ETF Performance - The Electronic ETF (159997) has recorded a trading volume of 28.8619 million yuan, with the CSI Electronic Index (930652) rising by 1.06% [2] - In the last 20 trading days, the Electronic ETF (159997) has attracted a total of 18.2196 million yuan in net inflows over six days [2] - Key stocks in this ETF include Beijing Junzheng (300223) up by 14.84%, Pengding Holdings (002938) up by 9.97%, and Transsion Holdings (688036) up by 8.42% [2] Group 3: Product Highlights - The Chip ETF Tianhong (159310) tracks the CSI Chip Industry Index, reflecting the overall performance of listed companies in the chip industry, providing exposure to core assets in China's "chip" era [3] - The Electronic ETF (159997) passively tracks the CSI Electronic Index, focusing on semiconductor and consumer electronics sectors, including AI chips, automotive electronics, 5G, cloud computing, and printed circuit boards (PCB) [3] Group 4: Recent Events - ByteDance's Doubao team released a technical preview of the Doubao Mobile Assistant on December 1, which is an AI assistant software developed in collaboration with mobile manufacturers [6] - Tesla's CEO Elon Musk announced that the AI5 chip is entering the tape-out phase, with the AI6 chip's early development already underway, aiming for annual production of new AI chips [7] - Dongguan Securities highlighted that AI will continue to drive innovation in the tech sector, with opportunities in semiconductor hardware and domestic substitution processes in computing power, storage, and equipment [7]