据交易所数据显示，截至1月19日开盘一小时，主力资金流入前20的股票分别为： 中国西电（15.16亿元）、 特变电工（12.98亿元）、 海光信息（6.10亿 元）、 阳光电源（6.07亿元）、 新易盛（5.54亿元）、 双杰电气（5.41亿元）、 保变电气（4.38亿元）、 金风科技（4.12亿元）、 许继电气（3.49亿元）、 拓普集团（3.22亿元）、 巨人网络（3.19亿元）、 深科技（3.10亿元）、 长飞光纤（2.91亿元）、 中国铀业（2.84亿元）、 中控技术（2.79亿元）、 立讯精 密（2.70亿元）、 中国中免（2.67亿元）、 华夏幸福（2.57亿元）、 九鼎新材（2.47亿元）、 亨通光电（2.32亿元）。 | 股票名称 | 涨跌幅 (%) | 主力资金流向 | 所属行 | | --- | --- | --- | --- | | 中国西电 | 10.04 | 15.16亿元 | 电网设备 | | 特变电工 | 7.07 | 12.98亿元 | 电网设备 | | 海米信息 | 3.67 | 6.10亿元 | 米當体 | | 阳光电源 | 1.69 | 6.07亿元 | 光伏设备 | | ...

三季度利润增长强劲，若考虑人民币升值因素，实际增速或更高。行业 龙头公司如中机旭创、新易盛等业绩表现亮眼，预示 2025 年经营情况 良好，但二线公司估值较低，或存在投资机会。 2026 年及未来几年通信行业需求乐观，海外晶圆厂扩产、GPU 升级、 VR 眼镜及公共化需求均将驱动业绩增长。有业绩支撑的公司在未来市场 中将更具优势，光模块核心龙头如旭创、新易盛、源杰和博创值得关注。 国内算力产业链自 2025 年下半年起，CSD 公司逐步启动 2026 年框采 和招标，互联网厂商四季度陆续开启网络设备标包招标。IDC 板块迎来 大规模招标，预计 2026 年初招标规模将大幅增长。 当前 GPU 功耗高企，百万张卡对应功耗约为 1.5GW，加上其他设备总 需求约 5GW。互联网资本开支预计持续增长，拉动 IDC 市场需求，市 场或趋于供给偏紧。大规模数据中心交付将从 2026 年开始显著提升 IDC 龙头公司业绩，如奥飞娱乐。 国内 SDN 网络是网络设备领域的重要增量，互联网厂商如字节跳动、阿 里巴巴、腾讯等推出 SKAP 网络框架，提升网络投入比例。柜内 Switch 通信｜未来三年景气确立，算力方向重点布局 ...

2026 光通信"四小龙 3.0"20260118 摘要 光通信行业预计在 2025 年第四季度和 2026 年第一季度业绩持续向好， 上游元器件如隔离器、光芯片、DSP 等供应紧张，预计 2027 年季报将 反映此状况，利好有保障的头部公司。 供给紧张或加速硅光、LPO 和 NPO 等新技术应用，以规避部分缺货问 题，满足市场需求。建议关注东田微（隔离器）、可川科技（硅光芯 片）、汇绿生态（海外代工）和至尚科技（CPU 连接方案）等小型公司。 光通信板块估值合理，竞争力强，预计 2025 年全年业绩快报将显示许 多公司增长率超过 50%，提升市场信心。2026 年后，光通信及算力领 域发展确定性增强，一季度预计表现良好。 投资者应关注供应链保供良好的头部公司，如新易盛，其 1.6T 产品如期 大规模上量。优先考虑具备估值优势和较高业绩增速预期的龙头企业。 H200 的放行与否对国内上游采购影响不大。2026 年，国产 3D 公司逐 步进入交付阶段，大厂逐步交付并实现业绩，小厂份额或被挤压，应关 注能够持续释放业绩的头部企业。 国产算力预计将实现同比 50%的增长，但 Q4 业绩预期不宜过高。更大 放量需关注 ...

Group 1 - On January 16, 2023, a total of 3,762 stocks in the A-share market received financing funds, with 738 stocks having a buy amount exceeding 100 million yuan [1] - The top three stocks by financing buy amount were Zhongji Xuchuang, TBEA, and Xinyisheng, with buy amounts of 3.309 billion yuan, 3.307 billion yuan, and 3.102 billion yuan respectively [1] - Four stocks had financing buy amounts accounting for over 30% of the total transaction amount, with Liaoning Energy, Changyou Technology, and Sichuan Meifeng leading at 35.91%, 33.95%, and 33.03% respectively [1] Group 2 - A total of 76 stocks had a net financing buy amount exceeding 100 million yuan, with China Ping An, TBEA, and Kweichow Moutai ranking the highest with net buys of 1.332 billion yuan, 1.12 billion yuan, and 1.028 billion yuan respectively [1]

Group 1 - On January 16, a total of 3,762 A-shares received financing funds, with 738 stocks having a buying amount exceeding 100 million [1] - The top three stocks by financing buying amount were Zhongji Xuchuang, Tebian Electric Apparatus, and Xinyi Sheng, with amounts of 3.309 billion, 3.307 billion, and 3.102 billion respectively [1] - Four stocks had financing buying amounts accounting for over 30% of the total transaction amount, with LiaoNing Energy, Changyou Technology, and Sichuan Meifeng leading at 35.91%, 33.95%, and 33.03% respectively [1] Group 2 - A total of 76 stocks had a net financing buying amount exceeding 100 million, with China Ping An, Tebian Electric Apparatus, and Kweichow Moutai ranking the highest at 1.332 billion, 1.12 billion, and 1.028 billion respectively [1]

跻身《2025胡润中国独角兽毕业榜》的蓉企分别是新易盛、科伦博泰生物、中航无人机、成都华微、佳 驰科技、德康农牧、华图山鼎、茶百道、雷电微力、天味食品、侨源股份、康诺亚、振芯科技、富森 美、博美、极米科技、红旗连锁、天立国际控股。 上榜的独角兽"毕业生"分布于全国126个城市，总价值达到24万亿元，平均年龄19岁，比2025胡润全球 独角兽榜上的中国独角兽企业年长9岁，近一半企业在2020年之后上市。 从行业分布来看，上榜企业数量最多的前五大行业分别是半导体、工业设备、生物科技、新能源和软件 服务行业，总计占比46%。从企业价值来看，前五大价值最高的行业分别是半导体、新能源、工业设 备、消费电子和生物科技。 转自：成都日报锦观 中国独角兽毕业榜首次发布 18家蓉企上榜 本报讯 （成都日报锦观新闻记者 杨富） 记者昨日获悉，胡润研究院近日首次发布《2025胡润中国独角 兽毕业榜》，该榜单列出了中国独角兽"毕业生"，即成立于2000年之后、价值10亿美元以上的上市公 司。全国共796家企业上榜，成都18家企业上榜，位居全国第七。 ...

Group 1 - The 2025 Hurun China Unicorn Graduation List identifies 796 companies that have graduated as unicorns, valued at over $1 billion, established after 2000 [1][3] - Chengdu ranks seventh in the number of listed companies, with 18 enterprises making the list [1][4] - The total value of these unicorn graduates across China reaches 24 trillion RMB, with an average establishment year of 2006 and an average age of 19 years [2][3] Group 2 - The top five industries by the number of listed companies are semiconductors, industrial equipment, biotechnology, new energy, and software services, accounting for 46% of the total [3] - The highest valued industries are semiconductors, new energy, industrial equipment, consumer electronics, and biotechnology [3] - Among the 796 unicorn graduates, 33 companies are valued over 100 billion RMB, with 3 exceeding 1 trillion RMB [3][4] Group 3 - Chengdu's notable companies include: - Xinyi Technology (New Easy Win) ranked 44th with a valuation of 82 billion RMB in telecommunications [2][5] - Kelong Botai Biotechnology ranked 55th with a valuation of 11 billion RMB in biotechnology [2][5] - Zhonghang Unmanned Aerial Vehicle ranked 149th with a valuation of 30 billion RMB in robotics [2][5] - Chengdu Huami and Jiachitech both ranked 236th with valuations of 21 billion RMB in semiconductors and new materials respectively [2][5] - Other notable companies include Dekang Agriculture Technology, Huatuo Shanding, and Tea Hundred Road, with valuations ranging from 13 billion to 19 billion RMB [2][5]

Investment Rating - The report recommends a "Buy" rating for key companies in the optical communication sector, specifically highlighting the "Four Little Dragons 3.0" [10]. Core Insights - The investment logic in optical communication is shifting from leading companies to high-resilience, high-barrier, or core-positioned quality targets as the global AI computing competition intensifies [1][19]. - The report emphasizes the importance of companies with clear technological positioning and performance delivery capabilities in the emerging "Four Little Dragons 3.0" [1][19]. Summary by Sections Historical Perspective: Growth Logic of "Four Little Dragons" - In 2019, the report recommended the first generation of "Four Little Dragons" including Taicheng Light, New Yisheng, Tianfu Communication, and Quartz Co. [2][20]. - By the end of 2024, the second generation included Taicheng Light, Dekeli, Yuanjie Technology, and Tengjing Technology, benefiting from AIDC construction and optical module iteration [2][20]. Future Outlook: Rise of "Four Little Dragons 3.0" - The report suggests focusing on the new generation of "Four Little Dragons 3.0": Dongtianwei, Kecuan Technology, Huilv Ecology, and Zhishang Technology, as silicon photonics technology penetration increases [3][21]. - Dongtianwei is positioned in the upstream core components of optical communication, with a complete product matrix and proactive capacity expansion [21]. - Kecuan Technology benefits from the continuous penetration of silicon photonics, having launched its first 400G/800G high-speed optical module production line [21]. - Zhishang Technology is expected to benefit from the implementation of CPO, producing high-density optical connection solutions [22]. - Huilv Ecology is expanding into the high-speed optical module sector through acquisitions, establishing a comprehensive product matrix from 10G to 1.6T [24]. Investment Strategy - The report recommends focusing on companies in the optical communication sector such as Zhongji Xuchuang, New Yisheng, Tianfu Communication, Taicheng Light, and Tengjing Technology, among others [8][13]. - It also highlights the importance of companies involved in copper links, computing equipment, liquid cooling, edge computing platforms, and satellite communication [8][13]. Market Performance - The communication sector has shown strong performance, with the optical communication index rising by 2.6% and the IoT sector outperforming with a 4.8% increase [16][18].

Group 1 - The A-share market experienced active trading this week, with total trading volume exceeding 17 trillion yuan, reaching 17.1 trillion yuan, setting a record for the highest weekly trading volume in history [1] - The average daily trading volume for the week was approximately 3.42 trillion yuan, marking the first time the average daily trading volume surpassed 3 trillion yuan [1] - The previous record for weekly trading volume was 14.8 trillion yuan, recorded during the week of August 25 to 29, 2025, with an average daily trading volume that did not exceed 3 trillion yuan [1] Group 2 - The stock with the highest trading volume this week was Zhongji Xuchuang, with a total trading volume of 116.922 billion yuan [2] - BlueFocus Media followed closely with a trading volume of 112.793 billion yuan, both stocks exceeding 100 billion yuan in trading volume for the week [2] - Other notable stocks in the top ten by trading volume included Aerospace Electronics, Goldwind Technology, China Satellite, and Xinwei Communication, all related to the commercial aerospace theme [1][2]

Group 1 - The core viewpoint of the article highlights a strong rebound in AI computing hardware, with significant gains in related stocks and a forecasted explosive growth in AI server shipments by 2026 [1] - Goldman Sachs' analyst team predicts that the penetration rate of ASIC chips will rise to 40%, leading to a more than double year-on-year increase in shipments of 800G/1.6T optical modules [1] - The acceleration of ASIC chip penetration is expected to drive the AI server and optical communication industries towards a trillion-dollar market [1] Group 2 - In the consumer electronics sector, Apple's upcoming foldable iPhone is anticipated to be a strong catalyst for the smartphone market, while the PC market continues to face significant challenges [1] - Goldman Sachs emphasizes that demand for AI-related technologies and high-end hardware will continue to drive revenue growth in China's semiconductor, optical communication, and PCB industries [1] - Emerging sectors such as smart driving, AI software, and low-orbit satellites are accelerating their implementation due to policy and technological breakthroughs, providing diversified investment opportunities [1] Group 3 - The communication ETF Huaxia (515050) tracks the CSI 5G communication theme index, focusing on electronic (chips, PCBs, consumer electronics) and communication (optical modules, servers) computing hardware [1] - The top five holdings in the ETF include Zhongji Xuchuang, Xinyi Sheng, Luxshare Precision, Industrial Fulian, and Zhaoyi Innovation [1]