Core Viewpoint - The article discusses the potential inclusion of eight Chinese companies in the 1260H list, which could impact their collaboration with the U.S. Department of Defense, although the immediate market reaction appears to be rational and unaffected by the news [2][3][4][7]. Group 1: News Context - The news regarding the 1260H list is not old; it was first reported despite the letter's date being October 7 [3]. - The Pentagon has identified Alibaba Group, Baidu, and BYD as companies that may assist the Chinese military, but no new developments have been reported since the initial claim [4]. - The Deputy Secretary of Defense, Stephen Feinberg, mentioned that five additional companies are also under consideration for inclusion, indicating that the list is not finalized [4]. Group 2: Impact on Companies - The core impact of the 1260H list is to restrict companies on the list from collaborating with the U.S. Department of Defense, but it does not directly prohibit partnerships with U.S. commercial firms, although it may create indirect obstacles [4]. - The market response to the news has been measured, as companies like Xuchuang and Xinyi Sheng did not show significant negative impact following the announcement [7]. Group 3: Industry Demand Forecast - According to GFHK's latest data, NVIDIA is expected to require 20 million 1.6T optical modules next year, while Google will need 12 million, raising questions about supply if companies like Zhongji Xuchuang and Xinyi Sheng are affected [4]. - The demand forecast for optical modules shows a significant increase, with shipments projected to rise from 2 million in 2023 to 43 million by 2026 for 800G modules [5].

Core Viewpoint - The article discusses the performance of the A-share market, highlighting the fluctuations in major indices and sector performances, particularly in consumer electronics and HBM concepts, while noting the decline in AI applications and certain real estate stocks [3]. Market Performance - As of the midday session, the Shanghai Composite Index rose by 0.49%, the Shenzhen Component Index increased by 0.38%, and the ChiNext Index initially surged over 2% before settling at a 0.56% gain [3]. - The total trading volume in the Shanghai and Shenzhen markets reached 1.09 trillion yuan, a decrease of 466 billion yuan compared to the previous trading day, with over 3,300 stocks rising [4]. Sector Highlights - The consumer electronics sector saw a rise of 2.28%, while the HBM concept led the gains with a 2.62% increase [4]. - The solid-state battery concept also performed well, contributing to the overall positive sentiment in the market [3]. - The AI application sector continued to show weakness, indicating potential challenges in this area [3]. Notable Stocks - In the pork concept sector, stocks like Jin Xin Nong and Tian Yu Bio experienced significant gains, with Jin Xin Nong hitting the daily limit [5]. - Semiconductor stocks such as Huahong Semiconductor and SMIC saw increases of over 5% and 3%, respectively, reflecting strong performance in the tech sector [6]. - New Energy and AI concept stocks also showed strength, with New Yi Sheng rising by 7% and Yangguang Electric Power increasing by nearly 5% [7]. Additional Market Insights - The Hong Kong stock market opened with a slight increase, with the Hang Seng Technology Index expanding its gains [12]. - The People's Bank of China conducted a reverse repurchase operation of 356.4 billion yuan at an interest rate of 1.40%, indicating ongoing liquidity management [13]. - The Chinese yuan appreciated against the US dollar, reaching its highest level since October 2024 [14].

早上开盘前，大家应该都看到关于中国8家中国企业被计划列入1260H清单的消息了，我找了一下消息的源头，是彭博早上发的这个： 关于这个新 闻，说几点： 1、这不是老新闻，这是很多辟谣不对的地方，虽然新闻中写的是10月7号的信件，但却是第一次被爆出来 2、根据新闻的内容，目前还不清楚这些公司是否被列入了1260H名单 3、五角大楼认定阿里巴巴集团控股有限公司、百度公司和比亚迪股份有限公司应被列入协助中国军方的公司名单中，这一结论是在两国元首会晤的前 三周左右，但目前还没有看到新的进展 5、美国 1260H 清单核心影响是限制清单内企业与美国国防部的合作，它不会直接禁止企业与美国普通公司合作，但确实可能引发间接合作阻碍，但目 前看影响是比较小的。至于很多投资者关心的光模块企业，根据GFHK最新更新的数据，预期 明年英伟达需要2000w个1.6T，谷歌需要1200w个1.6T ， 如果没有了中际旭创和新易盛，他们的服务器用啥连接？ | | | | 800G/1.6T optical module demand forecast by customer | | | | | | | | --- | --- | --- | ...

| 代码 | 名称 | | 涨幅% ↓ | 总市值 | 年初至今涨幅%。 | | --- | --- | --- | --- | --- | --- | | 300570 | 太辰光 | | 10.67 | 251亿 | 53.56 | | 603083 | 剑桥科技 | 1 | 10.00 | 403亿 | 183.09 | | 300502 | 新易盛 | 1 | 8.44 | 3569亿 | 336.70 | | 001267 | 汇绿生态 | - B | 5.52 | 153亿 | 156.77 | | 603773 | 沃格光电 | 2 | 5.26 | 65.62 Z | 15.69 | | 688025 | 杰营特 | | 4.33 | 139亿 | 209.29 | | 300394 | 天孚通信 | गो | 4.25 | 1272亿 | 152.83 | | 301205 | 联特科技 | 演 | 4.33 | 166亿 | 69.36 | | 300620 | 光库科技 | 1 | 4.00 | 390亿 | 223.15 | | 002725 | 跃岭股份 | | 3.89 | 39. ...

格隆汇11月27日｜A股市场CPO概念股继续活跃，其中，太辰光涨超10%，剑桥科技10CM涨停，新易 盛涨超8%，汇绿生态、沃格光电涨超5%，杰普特、天孚通信、联特科技、光库科技涨超4%。 ...

每经AI快讯，11月27日，CPO概念继续走强，赛微电子、剑桥科技涨停，新易盛、则成电子涨超10%， 工业富联涨超7%。 （文章来源：每日经济新闻） ...

Flash | 26 Nov 2025 02:24:58 ET │ 11 pages China Networking Quick Thoughts On Sector Rally; Better Visibility and Certainty Backed By Google/TPU Strength CITI'S TAKE Chinese optical transceiver names rallied ~5%-13% today, which we believe was driven by a more positive outlook for transceivers ahead, given the strong capabilities of Gemini 3.0 and its AI infrastructure, which enhances the outlook of TPUs and its supply chain. Going forward, we see more upside risk to industry demand for the next 2 years, wh ...

CPO板块再度走强，新易盛涨超8%，工业富联涨超6%，剑桥科技触及涨停，生益科技、光库科技跟 涨。 ...

Core Viewpoint - The computing hardware stocks have shown significant strength in early trading on November 27, with several companies reaching new highs in their stock prices [1]. Group 1: Stock Performance - Saiwei Electronics has surged over 10%, continuing to set historical highs [1]. - Cambridge Technology, Changguang Huaxin, Industrial Fulian, New Yisheng, and Shengyi Technology have all increased by over 5% [1].

截至11月26日，市场融资余额合计2.45万亿元，较前一交易日增加59.78亿元，其中，沪市融资余额 12428.24亿元，较前一交易日增加24.25亿元；深市融资余额12019.63亿元，较前一交易日增加35.67亿 元；北交所融资余额74.79亿元，较前一交易日减少1439.59万元。 11月26日融资客净买入金额排名 | 代码 | 简称 | 11月26日涨跌幅 | 融资净买入额 | 最新融资余额 | 占流通市值比例 | 所属行 | | --- | --- | --- | --- | --- | --- | --- | | | | （%） | （万元） | （万元） | （%） | 业 | | 300308 | 中际旭 创 | 13.25 | 137074.76 | 1988045.62 | 3.31 | 通信 | | 300502 | 新易盛 | 8.66 | 107155.92 | 1643982.64 | 5.61 | 通信 | | 300274 | 阳光电 | 3.88 | 82829.96 | 1351650.71 | 4.66 | 电力设 | | | 源 | | | | | 备 | | 688 ...