Market Performance - The ChiNext Index rose by 0.70%, closing at 3052.59 points, with a total trading volume of 460.62 billion yuan, a decrease of 38.49 billion yuan compared to the previous trading day [1] - Among the tradable ChiNext stocks, 1065 stocks closed higher, with 16 stocks rising over 10%, including Qian Zhao Guang Dian and Dong Tian Wei, which hit the daily limit [1] - The average turnover rate for the ChiNext today was 3.61%, with 37 stocks having a turnover rate exceeding 20% [1] High Turnover Stocks - In the high turnover stocks, 28 stocks increased in price, with the largest gains seen in Dong Tian Wei (20.00%), Hai Xia Chuang Xin (16.47%), and Ya Guang Ke Ji (13.48%) [2] - Conversely, Wan Long Guang Dian, Lian Te Ke Ji, and Yi Dian Tian Xia experienced the largest declines, with drops of 6.80%, 6.72%, and 5.59% respectively [2] Industry Analysis - The highest number of stocks with turnover rates exceeding 20% belonged to the media and electronics sectors, each having 6 stocks listed [3] - Among the high turnover stocks, 7 were listed on the Dragon and Tiger List, with institutional investors appearing in 6 of these stocks [3] Fund Flow - In terms of fund flow, 19 high turnover stocks saw net inflows from major funds, with Dong Tian Wei, Ya Guang Ke Ji, and Du Ke Wen Hua receiving the most significant inflows of 353 million yuan, 237 million yuan, and 138 million yuan respectively [4] - Conversely, Yi Dian Tian Xia, Sai Wei Dian Zi, and Nan Wang Shu Ju experienced the largest net outflows, totaling 529 million yuan, 509 million yuan, and 149 million yuan respectively [4] Performance of Specific Stocks - Hai Ke Xin Yuan had a closing price of 80.62 yuan with a daily increase of 7.31% and a turnover rate of 39.34%, but saw a net outflow of 66.74 million yuan [4] - Nan Wang Shu Ju closed at 24.72 yuan, down 4.00%, with a turnover rate of 38.74% and a net outflow of 148.75 million yuan [4] - Dong Tian Wei closed at 122.22 yuan, up 20.00%, with a turnover rate of 29.00% and a net inflow of 352.70 million yuan [5]

11月28日，创业板新能源ETF华夏（159368）上涨0.21%，持仓股湖南裕能涨超7%，迈为股份涨超 6%，鹏辉能源涨超4%。 （责任编辑：张晓波 ） 【免责声明】本文仅代表作者本人观点，与和讯网无关。和讯网站对文中陈述、观点判断保持中立，不对所包含内容 的准确性、可靠性或完整性提供任何明示或暗示的保证。请读者仅作参考，并请自行承担全部责任。邮箱： news_center@staff.hexun.com 机构认为，这不仅能缓解"弃风弃光"问题，还会吸引企业针对性布局储能配套，储能产业的收益稳 定性将提升，相关产业链有望迎来需求释放。 创业板新能源ETF华夏（159368）是全市场跟踪创业板新能源指数的规模最大ETF基金。创业板新 能源指数主要涵盖新能源和新能源汽车产业，涉及电池、光伏等多个细分领域。创业板新能源ETF华夏 （159368）弹性最大，涨幅可达20cm；费率最低，管理费和托管费合计仅为0.2%；规模最大，截至 2025年10月31日，规模达8.29亿元；成交额最大，近一月日均成交9005万元。其储能含量达59%，固态 电池含量达32%，契合当下市场热点。（联接A：024419联接C：02442 ...

Core Viewpoint - The article highlights the vision of Hu Shihui, founder and CEO of X-META, to create immersive experiences using AI, XR, and full-sensory technology, aiming to democratize high-quality entertainment experiences across China and beyond [1][2]. Company Overview - X-META is a company that integrates AI, XR, and full-sensory technology to create immersive experience spaces, with a focus on making high-end entertainment accessible to a broader audience [1][6]. - The company has developed a product matrix that includes self-developed titles and collaborations with popular IPs, targeting various consumer segments [7]. Market Context - Guangdong is positioned as a "super scene laboratory" for new technologies and products, supported by favorable policies and a robust innovation ecosystem [3][7]. - The cultural industry in Guangdong has received significant policy support, with 87 new policies aimed at enhancing the development of sectors like digital games and performing arts [7]. Technological Innovation - X-META's core technology aims to provide a "full sensory" experience, engaging all six senses, which distinguishes it from traditional VR offerings [6]. - The company has successfully launched its flagship product, "Magic Ice Castle," which has rapidly expanded to over 30 cities in China within ten days of its release [6][9]. Business Model - X-META's business model allows for smaller, standardized experience spaces (36-50 square meters) that can be integrated into various locations, significantly lowering investment costs and making high-quality entertainment more accessible [6][8]. - The investment threshold for setting up an X-META experience is reduced to the million-level, with a much shorter return on investment period compared to traditional theme parks [6][8]. Future Expansion - The company plans to expand globally, targeting hot regions like Southeast Asia and the Middle East, leveraging its technology to provide snow experiences to populations that have never encountered snow [9][10]. - By 2029, X-META aims to establish 1,000 stores and 3,000 experience halls worldwide, creating a networked immersive experience akin to a basic version of the metaverse [10].

Group 1 - The AI computing power industry chain experienced fluctuations, with the Huaxia AI ETF (159381) narrowing its decline to 0.24% after initially dropping over 1% [1] - The 5G communication ETF (515050) showed resilience, slightly increasing by 0.10% with a trading range of 2.42% on the day [1] - Key stocks such as Putian Technology, Changxin Bochuang, and Guotou Intelligent saw significant gains [1] Group 2 - Dongguan Securities maintains an optimistic outlook on the ongoing development of computing power and 5G-A construction, keeping an overweight rating on the communication sector [1] - The overall performance of the telecommunications industry remained stable in the first three quarters, with steady growth in telecom business volume and ongoing infrastructure development for 5G and gigabit networks [1] - The expansion of user connections and rapid growth in mobile internet access traffic were noted as positive trends [1] Group 3 - Looking ahead, there is optimism regarding capital expenditure from leading CSPs, with opportunities for connection-side devices and equipment evolving towards high-speed and low-power consumption [1] - Recommendations include focusing on optical modules and switches that are expected to benefit from new demands on the connection side [1] - The ongoing commercial construction of 5G-A networks is anticipated to create new development space for industries such as IoT, connectors, and satellite communications [1]

Core Viewpoint - The high-value medical consumables category procurement is nearly complete, with revenue growth and profit recovery expected by the third quarter of 2025 due to optimized payment policies [1] Group 1: Industry Outlook - The medical device sector is anticipated to see revenue and profit growth recovery in the first three quarters of 2025, driven by new product commercialization and improved medical insurance payment policies [1] - The "14th Five-Year Plan" suggests support for the development of medical devices, promoting brain-computer interfaces as a new economic growth point [1] - The industry is expected to experience long-term growth momentum due to continuous innovation and overseas expansion, despite current valuations being relatively low historically [1] Group 2: Segment Performance - The home medical segment is projected to recover in revenue and profit growth by the first three quarters of 2025, with optimism regarding growth from international markets [1] - The low-value consumables and IVD segments are facing declines in both revenue and profit growth due to volume and price impacts, but there is potential for recovery driven by new products and high technical barriers [1] Group 3: Investment Opportunities - The Guotai medical ETF (159377) tracks the innovative pharmaceutical index (399275), which reflects the overall performance of listed companies in the biopharmaceutical and medical device sectors [1] - The innovative pharmaceutical index includes companies involved in innovative drug research, biotechnology, and medical device manufacturing, highlighting the high growth potential and innovation capability of the healthcare industry in China [1]

11月28日，在2025大湾区文化产业投资大会（广东·广州）港澳专场暨粤港澳大湾区创业大赛路演专场 上，广东省人力资源和社会保障厅创业指导处副处长徐旭表示，近年来，广东人社部门着力构建创业培 训、创业服务、创业孵化、创业活动"四创联动"的知识体系，进一步汇聚创业资源，培育创业企业。在 今年的文投大会上，能够清晰看到不少的文化创意项目集中亮相，整体呈现出创新性强、成长性高的特 点，充分彰显大湾区文化创业蓬勃发展的良好格局。 徐旭从创业补贴、融资支持、孵化培育、赛事活动4个维度介绍了广东省创业政策，其中重点介绍了支 持港澳青年的创业政策。 创业补贴方面，初创企业登记注册满6个月，申请补贴前连续3个月有在职员工且正常缴纳社会保险费即 可领取一次性创业补贴。同时还有租金、培训、带动就业、孵化、初创企业经营者能力提升等补贴，覆 盖企业初创阶段全流程的资金补贴。 融资支持方面，广东人社部门为个人和小微企业分别设立了创业担保贷款，个人最高贷款额度达50万 元，小微企业最高可贷500万元。此外，还提供稳岗扩岗和优秀创业项目资助。 孵化培育方面，孵化基地大概分为区域性特色性的孵化基地、返乡创业孵化基地、示范性的创业孵化基 地三 ...

中原证券指出，2025年锂电池行业迎来需求反转，带动锂电设备需求回暖，行业有望迎来明显业绩反 转。2025年前三季度我国储能锂电池出货430GWh，同比增长99.07%，预计全年增速超75%。固态电池 商业化落地关键节点逐步清晰，2027年将成为小规模装车启动年，2030年被视为规模化量产分水岭。固 态电池设备正加速向整线集成化、高压化与无尘化方向演进，干法辊压、等静压设备、高压化成三类设 备成为最具确定性的增量环节。2025年以来，主要锂电设备企业陆续收获批量固态电池设备订单。 （文章来源：每日经济新闻） 创业板新能源ETF国泰（159387）跟踪的是创新能源指数（399266），单日涨跌幅达20%，该指数从市 场中选取涉及可再生能源、新能源汽车、储能技术等领域的上市公司证券作为指数样本，以反映新能源 产业链相关上市公司证券的整体表现。成分股具有显著的高成长性和技术创新特征，能够有效体现行业 前沿发展趋势与市场动态。 ...

11月28日早盘，市场早盘探底回升，三大指数集体翻红，科技板块仍维持较高热度，华力创通、中科星 图、虹软科技、国投智能等个股上涨，中证科创创业人工智能指数本周累计涨幅已超过7%。 有报道称，在AI泡沫担忧影响下，全球科技股近期正面临回调压力，但多家外资机构近日相继发表了 对中国股市的看涨观点，对中国科技板块的看涨情绪尤为强烈。富达国际首席投资官（股票投资）表 示，在技术进步和创新方面，中国越来越接近美国，两国之间的差距正迅速缩小，但中国科技公司的估 值仍然很低。 资料显示，中证科创创业人工智能指数从科创板和创业板中选取50只业务涉及人工智能基础资源、人工 智能技术以及人工智能应用领域的上市公司证券作为指数样本，以反映上述板块中人工智能主题上市公 司证券的整体表现。 值得注意的是，跟踪该指数的科创创业人工智能ETF易方达（159140）等产品今日起正式发行，有望助 力投资者便捷布局"两创"板块人工智能龙头企业，为A股硬科技带来资金活水。 （文章来源：每日经济新闻） ...

Core Insights - The domestic company Chip-on-Micro has successfully completed the factory debugging and acceptance of its first 350nm stepper lithography machine, marking a significant advancement in the localization of semiconductor lithography equipment [1] - Policy-wise, the "14th Five-Year Plan" provides clear guidance for technological innovation, while the industry outlook remains positive due to improved fundamentals and the continued cost-effectiveness of computing power, particularly benefiting AI applications and semiconductor equipment [1] - The Zhongzheng Science and Technology Innovation and Entrepreneurship Artificial Intelligence Index selects 50 stocks from the Sci-Tech Innovation Board and the Growth Enterprise Market, reflecting the overall performance of AI-themed stocks, with the top five weighted stocks accounting for over 60% of the index [1] - Currently, seven ETFs tracking the Zhongzheng Science and Technology Innovation and Entrepreneurship Artificial Intelligence Index, including E Fund (159140), are being issued, which may help investors easily access cutting-edge technology and seize opportunities in the AI era [1]

Core Viewpoint - The A-share market experienced a collective rise in the three major indices during the morning session, indicating positive market sentiment and investor confidence [1] Market Performance - The Shanghai Composite Index rose by 0.21% to 3883.46 points - The Shenzhen Component Index increased by 0.72% - The ChiNext Index saw a rise of 0.71% - The North Star 50 Index gained 0.35% [1] Trading Volume - The total market turnover reached 983.6 billion yuan, a decrease of 113.4 billion yuan compared to the previous day's trading volume - Over 3500 stocks in the market experienced an increase in value [1] Sector Performance - The top-performing sectors included titanium dioxide concept, Hainan Free Trade Zone, dairy industry, and energy metals - Conversely, traditional Chinese medicine and avian influenza concepts were among the sectors that saw declines [1]