"创系列"指数行情再度全线爆发。 8月18日，"创系列"指数行情再度全线爆发。早盘，创业板指涨3.63%，突破2024年10月的高点，创2023 年2月以来新高。 另外，多个宽基指数亦创2023年以来的新高，其中，创业板50大涨4 %，创业大盘涨4.35%，创业300涨 3.44%，创业板综涨3%，创业200涨2.89%。 策略指数中，创成长涨4.18%，创价值涨2.02%。主题指数中，创科技涨4.15%，创业板人工智能涨幅达 到6.13%，创新能源涨1.85%。 "创系列"龙头ETF产品也涨势喜人，创业板人工智能ETF涨6.36%、创业板成长ETF涨4.28%、创业大盘 ETF涨4.1%、创业板50ETF涨3.8%、创业板ETF涨3.67%、创业板综ETF涨2.6%、创业板新能源ETF涨 1.32%、创业板200ETF涨3%。 创业板指前十大权重股中，除了温氏股份（300498.SZ）外，其余早盘全部收涨，其中，同花顺 （300033.SZ）涨15.74%、中际旭创（300308.SZ）涨10.65%、新易盛（300502.SZ）涨6.34%、东方财富 （300059.SZ）涨5.98% 、胜宏科技（300 ...

Market Performance - A-shares continued to rise, with the Shanghai Composite Index reaching a nearly 10-year high and the North Stock Exchange 50 Index hitting an all-time high [1] - As of the midday close, the Shanghai Composite Index increased by 1.18% to 3740.50 points, the Shenzhen Component Index rose by 2.25% to 11896.38 points, and the ChiNext Index surged by 3.63% to 2626.29 points [1] Trading Volume and Market Capitalization - The trading volume in the Shanghai and Shenzhen markets reached 1.75 trillion yuan, an increase of 419.6 billion yuan compared to the previous trading day [2] - The total market capitalization of A-shares surpassed 100 trillion yuan for the first time, reaching a historical high [2] Leading Stocks - Industrial and Commercial Bank of China (ICBC) ranked first in market capitalization at 2.68 trillion yuan, followed by Agricultural Bank of China at 2.41 trillion yuan [2] - Other notable companies with market capitalizations exceeding 1 trillion yuan include Kweichow Moutai, China Construction Bank, and CATL [2] Insurance Investment Trends - The scale of insurance capital investment in stocks reached a new high, with the total investment balance exceeding 36 trillion yuan, reflecting a year-on-year growth of 17.4% [4] - The proportion of stock investments by life insurance and property insurance companies has been continuously increasing [4] Investor Activity - The number of new individual investor accounts opened in July reached 1.96 million, a nearly 71% increase year-on-year [4] - The net inflow of "small single" funds increased by 39% month-on-month, indicating strong participation from individual investors [4] Market Sentiment and Policy Impact - Current market sentiment is described as "hot," with significant capital migration from fixed-income products to the stock market [4][5] - The recent market rally is attributed to policy support and the emergence of new growth drivers, rather than an improvement in macroeconomic expectations [5]

上周A股市场反弹，上证指数、深证成指、创业板指分别累计上涨1.7%、4.55%、8.58%。 | 来源：Wind | | --- | 从行业情况来看，上周申万一级31个行业中，有30个行业融资余额增加，电子、非银金融、计算机行业融资净买入金额居前，分别为149.57亿元、52.84亿 元、41.2亿元。仅有煤炭行业融资净卖出，金额为4.67亿元。 Wind数据显示，截至8月15日，A股市场融资余额报20485.99亿元，融券余额报140.44亿元，上周融资余额增加532.39亿元。 上周，电子行业融资余额增加近150亿元，A股市场融资净买入金额最大的股票为东方财富，净卖出金额最大的股票为牧原股份。 8月13日-8月15日，A股连续3个交易日成交额与两融余额均超2万亿元，追平历史纪录。 加仓电子行业近150亿元 Wind数据显示，截至8月15日，A股两融余额报20626.42亿元，融资余额报20485.99亿元，均创2015年6月30日以来新高，上周A股市场融资余额增加532.39 亿元。 具体来看，上周的5个交易日中，8月11日A股融资余额增加168.41亿元，8月12日增加81.65亿元，8月13日增加11 ...

#农业银行2.19万亿元A股市值榜首位#【#A股市值突破100万亿元创新高#】8月18日，A股继续大涨，上 证指数续创阶段新高。证券时报记者根据实时数据统计，截至10点34分，A股公司A股市值总和突破100 万亿元（以A股最新价*A股总股本计算），创历史新高，这也是A股历史上首次突破100万亿元大关。 具体到公司方面，截至发稿时间，农业银行位居A股市值榜首位，2.19万亿元，工商银行A股市值2.02万 亿元位居次席。此外，贵州茅台、中国石油、中国银行、宁德时代等4股A股市值均超万亿元。（证券 时报 视频：中国网财经） ...

具体到公司方面，截至发稿时间，农业银行位居A股市值榜首位，2.19万亿元，工商银行A股市值2.02万 亿元位居次席。此外，贵州茅台（600519）、中国石油、中国银行、宁德时代（300750）等4股A股市 值均超万亿元。 人民财讯8月18日电，8月18日，A股继续大涨，上证指数续创阶段新高。证券时报记者根据实时数据统 计，截至10点34分，A股公司A股市值总和突破100万亿元（以A股最新价*A股总股本计算），创历史新 高，这也是A股历史上首次突破100万亿元大关。 ...

Flash | 15 Aug 2025 06:21:15 ET │ 13 pages China Battery Materials China Battery Supply Chain on the Ground: Prod pull-forward given increasing lithium price CITI'S TAKE ZE Consulting significantly increased its estimates on Top-5 battery makers' production pipeline in Aug-25, from +4% MoM/+32% YoY to +10% MoM/+39% YoY. The raised numbers will likely mainly be attributable to (1) the pull-forward production of CATL since lithium spot price jumped 16% MTD, and (2) strong ESS demand, per our perspective. Batt ...

Flash | 14 Aug 2025 06:39:25 ET │ 9 pages China Battery Materials Lithium into 2nd week of Aug – Unexciting first read post CATL's mine closure CITI'S TAKE The first weekly read on lithium production and inventory after CATL halted its mine operation might indicate potential upside risk on the supply elasticity. The increasing lithium price has incentivized brine-based carbonate and spodumene OEM processing to increase the utilization rate during the week. On top of the supply response from brine and spodum ...

Group 1: Strategy and Market Outlook - The report indicates that the computing power sector has entered a main rising market, fulfilling necessary conditions for a significant market uptrend similar to the mobile internet boom in 2013 [8][10] - Short-term opportunities are identified in packaging testing, storage, computing chips, algorithm technology, and software, which show favorable technical indicators [13] - Mid-term analysis suggests that the valuation gap between Chinese and US computing power sectors is expected to converge, with higher performance expectation adjustments in advanced packaging, storage, and power sectors in China [11][12] Group 2: Company-Specific Analysis - Tianshan Co., as the largest cement producer in China, is expected to achieve revenues of 83.3 billion, 82.6 billion, and 82.1 billion CNY from 2025 to 2027, with net profits of 1.72 billion, 2.15 billion, and 2.70 billion CNY respectively [23][24] - The company is currently valued at a low PB of 0.5x, with a target price set at 8.22 CNY per share, reflecting a "buy" rating [23] - The report highlights that Tianshan Co. is well-positioned to benefit from regional infrastructure policies and has potential for cost reduction through enhanced management and resource utilization [24] Group 3: Economic and Industry Trends - The report notes a slowdown in industrial and service sector growth, with retail sales continuing to decline, indicating a weakening domestic demand [5][26] - Fixed asset investment has decreased by 5.3% year-on-year, with significant declines in real estate development investment, which fell by 17% [27][28] - The cement demand is projected to decline by 5%-6% in 2025, but the report anticipates stabilization in the long term, particularly in regions like Xinjiang [24]

证 券 研 究 报 告 化工行业新材料周报（20250811-20250817） 英伟达推出新 Cosmos 模型；2025Q2 中东手 推荐（维持） 机出货量大增 行业研究 基础化工 2025 年 08 月 18 日 华创证券研究所 证券分析师：杨晖 邮箱：yanghui@hcyjs.com 执业编号：S0360522050001 证券分析师：郑轶 邮箱：zhengyi@hcyjs.com 执业编号：S0360522100004 证券分析师：王鲜俐 邮箱：wangxianli@hcyjs.com 执业编号：S0360522080004 证券分析师：吴宇 邮箱：wuyu1@hcyjs.com 执业编号：S0360524010002 证券分析师：申起昊 邮箱：shenqihao@hcyjs.com 执业编号：S0360525030001 证券分析师：陈俊新 邮箱：chenjunxin@hcyjs.com 执业编号：S0360525040001 行业基本数据 | | | 占比% | | --- | --- | --- | | 股票家数(只) | 493 | 0.06 | | 总市值(亿元) | 49,567.11 ...

固态电池：硫化物固态电池产业化提速 20250816 摘要 硫化物固态电池虽具高能量密度潜力，但生产过程需使用剧毒硫化氢， 对运输和生产的密闭性要求极高，同时粉末状特性增加了封装和正负极 贴合的难度。 针对硫化物固态电池的硫化氢密闭性和封装贴合难题，研究方向包括改 性电解质以提升导电率，增强正负极界面接触性，如中科大开发的氧硫 化磷锂替代方案。 宁德时代计划 2026 年推出中试线，2027 年实现上车应用；亿纬锂能 预计 2025 年下半年推出中试线；国轩高科或于 2025 年底或 2026 年 推出全固态产品。多家国内外企业积极布局硫化物固态电池。 硫化锂制备方法包括固相法（纯度高但规模受限）、液相法（适用于大 规模生产但溶剂特殊）、气相法（适用于大规模生产但需干燥密闭环 境）。 固态设备方面，纳克诺尔在界面阻抗解决技术（转印和等静压）上布局 较早，预计 2025 年下半年推出样机。海辰药业通过粘结剂提升导电率， 松紧与德龙合作开发 UV 涂胶技术。 2025 年下半年起，宁德时代小巴车将接受工信部验收，2026 年上线中 试线，2027 年各大厂商将陆续推出搭载固态电池的新车，上汽名爵已 发售搭载清陶固 ...