Wind数据显示，截至2025年12月31日，A股市场融资余额为25241.56亿元，融券余额为165.26亿元，2025年融资余额增加6700.11亿元。 2025年，电子行业融资余额增加超1600亿元，融资净买入金额最大的股票为新易盛，净卖出金额最大的股票为牧原股份。 | 来源：Wind | | --- | 加仓新易盛超170亿元 从个股情况看，2025年融资客对130只股票加仓金额超10亿元，加仓金额居前的10只股票分别为新易盛、中际旭创、胜宏科技、宁德时代、阳光电源、寒 武纪-U、工业富联、三花智控、紫金矿业、中芯国际，分别净买入177.36亿元、154.62亿元、154.04亿元、151.90亿元、111.14亿元、110.73亿元、72.43亿 元、63.39亿元、52.61亿元、51.09亿元。从市场表现看，2025年融资客加仓居前十的股票全线上涨，涨幅最大的胜宏科技涨逾580%。 2025年融资净买入金额前十股 | 来源：Wind | | --- | 2025年融资客对288只股票减仓金额超1亿元，减仓金额居前的10只股票分别为牧原股份、东方财富、万科A、软通动力、泸州老窖、恒逸石化、中国石 ...

2026年1月5日，A股市场情绪向好，科技板块走强，截至14:41，创业板人工智能指数强势上涨3.03%，成分股蓝色光标涨停，易点天下、协创数据、铜牛信 息、北京君正等个股跟涨。热门ETF中，费率最低的创业板人工智能ETF华夏(159381)上涨3.05%，最新价报1.93元，盘中换手15.8%，成交3.09亿元，市场交 投活跃。 资金布局科技赛道热情高涨，拉长时间看，近8个交易日内有6日资金净流入，合计"吸金"1.38亿元。（数据来源：Wind） | 股票代码 | 股票简称 | 涨跌幅 | 权重 | | --- | --- | --- | --- | | 300308 | 中际旭创 | 2.36% | 20.87% | | 300502 | 新易盛 | -0.23% | 20.29% | | 300394 | 天孚通信 | 0.30% | 5.36% | | 300857 | 协创数据 | 10.55% | 2.99% | | 301236 | 软通动力 | 1.56% | 2.39% | | 300458 | 全志科技 | 3.40% | 2.28% | | 300454 | 深信服 | 4.44% | ...

来源：Wind 从个股情况来看，2025年融资客对130只股票加仓金额超10亿元，加仓金额居前的10只股票分别为新易盛、中际旭创、胜宏科 技、宁德时代、阳光电源、寒武纪-U、工业富联、三花智控、紫金矿业、中芯国际，分别净买入177.36亿元、154.62亿元、 154.04亿元、151.90亿元、111.14亿元、110.73亿元、72.43亿元、63.39亿元、52.61亿元、51.09亿元。从市场表现看，2025年 融资客加仓居前十的股票全线上涨，涨幅最大的胜宏科技涨逾580%。 2025年融资净买入金额前十股 | 证券代码 证券简称 | | | 2025年涨幅 融资融券余额 | 融资余额(万元) | 融资净买入额 | | --- | --- | --- | --- | --- | --- | | | | (%) | (万元) | | (万元) | | 300502. SZ | 新易盛 | 424. 03 | 2040713.97 | 2032550. 26 | 1773565. 47 | | 300308. SZ | 中际旭创 | 396. 38 | 2106550. 32 | 2100260.00 | ...

每经AI快讯，1月5日，新易盛成交额达100亿元，现跌2.52%。 （文章来源：每日经济新闻） ...

来源：新浪基金∞工作室 沪深300ETF中金（510320）业绩比较基准为沪深300指数收益率，管理人为中金基金管理有限公司，基 金经理为刘重晋，成立（2025-04-16）以来回报为24.56%，近一个月回报为2.38%。 风险提示：市场有风险，投资需谨慎。本文为AI大模型自动发布，任何在本文出现的信息（包括但不 限于个股、评论、预测、图表、指标、理论、任何形式的表述等）均只作为参考，不构成个人投资建 议。 1月5日，截止午间收盘，沪深300ETF中金（510320）涨1.28%，报1.263元，成交额326.07万元。沪深 300ETF中金（510320）重仓股方面，宁德时代截止午盘涨1.68%，贵州茅台涨2.72%，中国平安涨 5.56%，招商银行涨0.64%，紫金矿业涨1.91%，新易盛跌0.51%，中际旭创涨1.97%，美的集团涨 0.88%，东方财富涨1.81%，长江电力涨0.11%。 ...

光模块行业主要上市公司：光迅科技(002281.SZ);中际旭创(300308.SZ);新易盛(300502.SZ);博创科技 (300548.SZ);太辰光(300570.SZ);联特科技(301205.SZ);中天科技(600522.SH);长飞光纤(601869.SH);九联 科技(688609.SH);德科立(688205.SH);剑桥科技(603083.SH)等 5G拉动高速率光模块市场需求 5G 的规模化部署与业务拓展，正强力拉动高速率光模块的市场需求。作为 5G 网络数据传输的核心载 体，光模块需适配网络架构重构与带宽激增的需求。前传、中回传等不同场景对传输性能的差异化诉 求，推动光模块向更高速率演进，以支撑高清视频、工业互联等新兴业务的稳定运行。同时，5G 业务 的云化与边缘化部署，进一步放大了核心网及数据中心互联场景的流量需求，加速了高速率光模块的技 术迭代与应用渗透，使其成为通信产业链中增长潜力显著的核心环节。根据TD产业联盟的数据，2024 年全球5G基站部署总量达到637.6万座，同比增长23.3%，IDC及中国信通院：联合预测2025年全球5G基 站总量为850万座。 全球光模块厂商 ...

Core Viewpoint - In 2025, the A-share market experienced an upward trend, with major indices rising and the Shanghai Composite Index briefly returning to 4000 points. The favorable market conditions led to significant performance from actively managed equity funds, with 90% of funds achieving positive returns and 151 funds doubling their returns. The technology sector, particularly AI-related stocks, is expected to remain a key theme in 2026, although there are concerns about potential structural or phase-based corrections [1][3][6]. Fund Performance - By the end of 2025, the Shanghai Composite Index, Shenzhen Component Index, and ChiNext Index increased by 18.41%, 29.87%, and 49.57% respectively. Among 21,003 funds, 19,916 achieved positive returns, representing over 94%. Specifically, 7,685 actively managed equity funds saw 7,454 (96.99%) achieve positive returns, with 129 funds doubling their returns [3][4]. - The top ten performing funds were all actively managed equity funds, with the highest returns from Yongying Technology Select Mixed A/C at 233.29% and 231.21%, respectively, setting a new record for annual returns in the domestic public fund market [2][3]. Investment Themes - The top-performing fund manager, Ren Jie, highlighted "cloud computing" as a core focus, with significant holdings in stocks like Xinyi Technology and Zhongji Xuchuang, which saw increases of 424.03% and nearly 400% respectively in 2025 [4]. - The technology sector, particularly AI computing, is expected to remain a significant theme in 2026, with analysts predicting continued growth in sectors such as humanoid robot chips, semiconductor computing algorithms, and solid-state batteries [6][7]. Market Outlook - Analysts anticipate that the A-share bull market will continue into 2026, with a focus on fundamental improvements and verification of economic conditions. There is a cautionary note regarding potential corrections in the technology sector, while resource stocks may emerge as a new focal point [6][7]. - The market is expected to see increased liquidity and a shift of household savings into the capital market, potentially transitioning from a structural bull market to a comprehensive bull market, with more sectors experiencing growth [7].

Investment Rating - The report recommends a positive investment outlook for the technology sector, specifically highlighting key stocks for January 2026 [6]. Core Insights - The report identifies several key companies within the technology sector, including Eastcompeace, Jincheng Electronics, Xinyi Technology, Tax Friend, Haiguang Information, Giant Network, and Perfect World, as potential investment opportunities [6][8][9][10][11][12][13][14]. Summary by Category Electronics - **Eastcompeace**: The company is entering a growth phase driven by AI technology breakthroughs, leading to increased capital expenditure from cloud vendors and a surge in demand for data servers. The acquisition of Solstice Optoelectronics enhances its position in optical communication [8]. - **Jincheng Electronics**: The company reported a revenue of 889 million yuan in Q3 2025, a year-on-year increase of 25.4%. The semiconductor business is expected to grow significantly, with an order backlog of approximately 1.791 billion yuan [9]. Communication - **Xinyi Technology**: As a leading manufacturer of high-speed optical modules, the company has made significant inroads with major clients like Amazon and is expected to see substantial profit growth from 2025 to 2027, with projected net profits of 94.97 million yuan, 166.16 million yuan, and 217.76 million yuan respectively [10]. - **Huafeng Technology**: The company is positioned to benefit from the high demand for AI applications and is expected to see net profits grow from 3.53 million yuan in 2025 to 8.73 million yuan by 2027 [10]. Computer - **Tax Friend**: The company is a leader in the financial IT sector, leveraging AI and big data to provide comprehensive solutions for businesses. It aims to enhance its product offerings and customer engagement through innovative AI-driven solutions [11]. - **Haiguang Information**: The company is a key player in the domestic high-end CPU market, expected to benefit from the growing demand for AI computing power. It aims to establish a comprehensive AI computing platform [12]. Media - **Giant Network**: The company is experiencing stable commercialization with new game releases and updates expected to drive user engagement and revenue growth [13]. - **Perfect World**: The company is preparing for the launch of its new game "Yihuan," which has shown strong pre-launch interest, and is also focusing on expanding its esports business [14].

Investment Rating - The industry investment rating is "Positive" (maintained) [1] Core Insights - The report emphasizes the significant "siphon effect" of AI and the accelerated development of satellite internet, recommending a focus on the dual core themes of "AI + Satellite" and four key segments: "Optical + Liquid Cooling + Domestic Computing Power + Satellite" [5][15] - It highlights the expected growth in AI applications, particularly in voice and image recognition technologies, which will drive demand for smart computing modules and CDN services [7][17] - The report notes the increasing importance of satellite internet as a core component of 6G, driven by national policies emphasizing self-sufficiency and technological upgrades [8][18] Summary by Sections 1. Investment Outlook for 2026 - The report suggests actively positioning in multiple sub-sectors, focusing on "AI + Satellite" as the main investment themes for 2026 [5][15] 2. Key Segments for 2026 Segment One: Global AI Resonance - 2026 is projected to be the year of significant deployment for 1.6T optical modules, with advancements in silicon photonics technology expected to become mainstream [6][16] - The report anticipates a substantial increase in the penetration rate of liquid cooling technologies, driven by the release of new computing power chips from major companies [6][16] Segment Two: AI Applications - The development of AI toys and applications is expected to accelerate, leading to increased demand for intelligent computing modules and CDN services [7][17] Segment Three: Satellite Internet Development - The report identifies four key areas of focus within the satellite internet sector: satellite manufacturing, launch, ground equipment, and operations, all of which are expected to benefit from increased demand and government support [8][18] 3. Investment Recommendations - The report recommends specific companies across various segments, including optical network equipment, computing devices, and AI applications, highlighting potential beneficiaries in each category [19][20][26][27] 4. Market Review - The communication index experienced a decline of 1.41% during the week of December 29 to December 31, 2025, ranking fourth among TMT sectors [28] 5. Communication Data Tracking - As of November 2025, China had a total of 4.83 million 5G base stations, with 5G mobile phone users reaching 1.193 billion, marking a year-on-year growth of 19.06% [29][34]

1只股票涨，人们说这是风口；6只股票齐飞，它们就有了名字——"易中天""纪连海"。 总结2025：AI浪潮下的"谐音行情" 2025年，全球AI技术进入规模化应用阶段，中国在政策支持与产业升级的双重驱动下，迎来"AI+"的渗 透加速。 A股市场中，以"易中天"（新易盛、中际旭创、天孚通信）为代表的光模块与通信设备板块，以及"纪 连海"（寒武纪、工业富联、海光信息）为代表的AI芯片与算力硬件板块，成为资金追捧的焦点。 资金对上述股票的青睐，并非简单的科技大票"抱团"，而是源于其背后逻辑清晰的两条投资主线。 这不是历史课堂，而是2025年A股市场的真实一幕。在科技与AI浪潮席卷下，以"新易盛、中际旭创、 天孚通信、寒武纪、工业富联、海光信息"为代表的6只科技领域龙头股票，因名称谐音被市场戏称 为"易中天"与"纪连海"，成为2025年A股全年行情中最具话题性的符号。 "易中天"聚焦"数据传输"。受益于全球算力建设对高速光模块的迫切需求，800G光模块进入放量期， 1.6T技术亦开始落地布局，行业景气度持续攀升。 回顾2025年，这些股票强势的股价表现，是A股人工智能、算力、光通信、芯片等科技领域全面爆发的 真实写照 ...