北京商报讯（记者 马换换 实习记者 李佳雪）8月13日，A股三大股指集体高开，开盘后保持震荡走高态 势，三大股指再刷年内新高。截至收盘，上证综指、深证成指、创业板指分别收涨0.48%、1.76%、 3.62%，分别报3683.46点、11551.36点、2496.5点。其中，上证综指创近四年新高。 盘面上，第四代半导体、氦气概念、CPO概念等板块涨幅居前，煤炭行业、赛马概念、珠宝首饰等板块 跌幅居前。 个股方面，A股2733股飘红，100股涨停，其中工业富联市场关注度较高，公司报涨停价43.68元/股，总 市值达8675亿元。此外，2458股飘绿，其中5股跌停。 成交金额方面，沪市成交金额8870.23亿元，深市成交金额12639.14亿元，两市合计成交金额约2.15万亿 元，系今年2月28日以来首次破2万亿。 ...

Core Viewpoint - The ChiNext Index has shown a strong upward trend, with a significant increase of over 3% in a single day, approaching last year's high, confirming a slow bull market trend [2][4]. Market Review - The recent slight adjustment in the ChiNext Index was primarily due to short-term profit-taking pressures, with no significant changes in the underlying fundamentals [4]. - The acceleration in the index's rise this week is linked to the progress in the photovoltaic sector, particularly after news from CATL regarding the suspension of mining operations, which improved market expectations for supply and demand [5]. - Additionally, the rising expectations for interest rate cuts by the Federal Reserve, supported by recent inflation data, have contributed to the bullish sentiment in the market [5]. Investment Value of ChiNext - The core investment value of the ChiNext Index remains strong, with limited downside risk and substantial upward momentum [6]. - The dual drivers of policy and liquidity are in play, with supportive measures from the government and a maintained loose liquidity environment [6][7]. - The strong fundamentals in key sectors such as new energy, biomedicine, and technology are expected to drive growth, with significant revenue and profit growth projected for 2025-2026 [8][9]. Valuation Metrics - The current valuation of the ChiNext Index is at historical lows, with PE, PB, and PS ratios significantly below those of other major indices [10][11]. - Specific valuation metrics include a PE of 34.16x, a PB of 4.33x, and a PS of 3.63x, all indicating a favorable entry point for investors [11]. Historical Performance - Historically, the ChiNext Index has outperformed during bull markets, with past increases exceeding 100% in previous cycles [13]. - The index has rebounded approximately 50% since its low in September 2024, suggesting potential for further gains based on historical averages [13][15]. Investment Strategy - The ChiNext Index is positioned as a core target for investors looking to capitalize on the second wave of the A-share bull market, with a recommendation for gradual accumulation based on long-term industry trends [15].

沪深两市全天成交额2.15万亿元，较昨日大幅放量。 8月13日，沪指突破3674.4点，日线八连阳，创近4年新高。截至收盘，沪指涨0.48%，深成指涨1.76%， 创业板指涨3.62%。 | 代码 | 现价 涨跌 涨跌幅 | | --- | --- | | 000001 上证指数 | 3683.46c 17.55 0.48% | | 399001 深证成指 >> | 11551.36c 199.73 1.76% | | 899050 北证50 | 1461.86c 12.23 0.84% | | 881001 万得全A | 5801.59c 58.53 1.02% | | 000688 科创20 | 1077.70c 7.89 0.74% | | 399006 创业板指 | 2496.50c 87.11 3.62% | | 000300 沪深300 | 4176.58c 32.75 0.79% | 沪深两市全天成交额2.15万亿元，较昨日大幅放量。 具体来看，液冷服务器板块大涨，金田股份、飞龙股份、博杰股份等逾10股涨停或涨超10%。其中，大 元泵业3连板，工业富联涨停成交额超百亿元。 券商股震荡走高，国盛金 ...

经济观察网 创业板指涨幅扩大至3%，上证指数涨0.59%，深证成指涨1.6%。两市超2700家个股上涨。 ...

Core Insights - The A-share market has shown strong performance, with the Shanghai Composite Index rising by 0.48% to 3683.46 points, marking a nearly four-year high [1] - The Shenzhen Component Index increased by 1.76%, and the ChiNext Index surged by 3.62%, both reaching new highs for the year [1] - The total market turnover reached 2.18 trillion yuan, an increase of 270 billion yuan compared to the previous trading day, surpassing 2 trillion yuan for the first time in 114 trading days [1] Sector Performance - Leading sectors included optical modules (CPO), copper industry, optical chips, and industrial gases, which saw significant gains [1] - AI hardware stocks continued to perform well, with companies like Industrial Fulian reaching historical highs [1] - Brokerage stocks experienced a brief surge, with Guosheng Financial Holdings achieving two consecutive trading limit ups [1] - Conversely, sectors such as coal, banking, ports, and logistics faced declines [1] - Over 2700 stocks in the market recorded gains [1]

盘面上看，券商、有色、汽车、医药、半导体等板块走高，液冷服务器、CPO概念、创新药、稀土、光 刻机、人形机器人概念等活跃。 兴业证券指出，近年来，市场普遍感受是景气投资难度加大，与景气相关度较低的"哑铃型"配置成为市 场的主要选择。但今年我们看到，被多种因素压制较长时间的景气和质量因子重新领涨市场，代表主动 公募平均业绩的两大指数跑赢多数宽基，景气投资有效性显著提升。往后看，随着盈利预期改善、产业 趋势演绎，适应景气投资的有利环境正逐步回归，景气的定价权重也有望持续提升。随着A股逐渐完成 由估值驱动向盈利驱动的切换、叠加全球AI浪潮与国内"十五五"周期共振下新的产业趋势不断涌现，适 应景气投资的有利环境正逐步回归，挖掘景气线索、前瞻把握产业趋势的价值再度凸显。 （文章来源：证券时报网） 13日，沪指盘中强势拉升，一度逼近3700点，创2021年12月以来新高；创业板指大涨逾3%。全A成交 额明显放大，再度突破2万亿元。 截至收盘，沪指涨0.48%报3683.46点，深证成指涨1.76%报11551.37点，创业板指涨3.62%报2496.5点， 沪深北三市合计成交21756亿元。 ...

Market Performance - The three major A-share indices continued to rise, with the Shanghai Composite Index up 0.48% closing at 3683 points, marking the highest level since December 2021 [1] - The Shenzhen Component Index increased by 1.76%, reaching a new high since October 2024, while the ChiNext Index surged 3.62% to 2496 points, achieving a year-to-date high [1] - Total trading volume for the day was 2.18 trillion yuan, an increase of 270 billion yuan compared to the previous trading day, with over 2700 stocks rising across the market [1] Sector Performance - The CPO concept stocks saw significant gains, with companies like Guangku Technology and Cambridge Technology hitting the daily limit [1] - The liquid cooling concept also performed well, with Feilong Co. and Chunz中科技 reaching the daily limit [1] - Stocks related to NVIDIA, PCB sector, and industrial gases experienced notable increases, with companies such as Dongfang Precision and Industrial Fulian hitting the daily limit [1] - Conversely, the coal sector declined, with Lu'an Environmental Energy dropping over 4%, and bank stocks generally fell, led by Jiangsu Bank and Nanjing Bank [1] Index Summary - Shanghai Composite Index: 3683.46 (+17.55, +0.48%) [1] - Shenzhen Component Index: 11551.36 (+199.73, +1.76%) [1] - ChiNext Index: 2496.50 (+87.11, +3.62%) [1] - Other indices such as the Sci-Tech 50 and CSI 300 also showed positive movements [1]

Group 1: Industry Trends and Challenges - The urgency for commercialization in humanoid robotics is emphasized, with a focus on real-world applications rather than mere entertainment or remote control [1][2] - The main challenge for humanoid robots to perform tasks lies in the inadequacy of embodied intelligence model capabilities, with a consensus that data scarcity is a significant limitation [1][3] - Investment firms are increasingly prioritizing the ability to deliver products to market, with a shift from evaluating only team and technology to including mass production capabilities [2] Group 2: Market Performance and Orders - In July, Songyan Power delivered 105 humanoid robots, a significant increase from 38 in June, and received over 2,000 intention orders worth over 100 million yuan following a robot marathon event [3][4] - Predictions indicate that global humanoid robot shipments will exceed 10,000 units this year, with expectations for a doubling of this figure next year [2] Group 3: Differentiation Between "Movement" and "Practical" Companies - "Movement" companies, known for their entertainment capabilities, face skepticism regarding their commercial viability, while "practical" companies focus on straightforward applications in industrial settings [4][8] - Practical applications are being explored in simple tasks such as logistics and assembly, with companies like Leju and UBTECH targeting industrial clients with humanoid robots [8][9] Group 4: Technological Development and Model Architecture - The hardware for humanoid robots is deemed sufficient but still requires improvement for cost-effectiveness and reliability in large-scale applications [13] - There is a significant debate regarding the adequacy of embodied intelligence models, with some industry leaders arguing that the model architecture is the primary issue rather than data availability [14][15] Group 5: Data Collection and Simulation - The industry is divided between proponents of real-world data collection and those advocating for synthetic data, with each side presenting valid arguments regarding efficiency and effectiveness [16]

板块方面，有色金属、PEEK材料、CPO、光刻机等板块涨幅居前，煤炭、银行、港口、物流等板块跌 幅居前。 | 1 | 881333 元器件 | | 6.90 | 1633.66 | | --- | --- | --- | --- | --- | | 2 | 玻璃玻纤 881094 | | 6.15 | 898.89 | | 3 | 通信设备 881338 | | 6.05 | 1995.86 | | 4 | 地面兵装 881287 | | 6.00 | 1766.10 | | 5 | 880880 近期强势 | | 5.30 | 240.01 | | б | 880793 基金减仓 | | 4.54 | 1390.21 | | 7 | 880877 户数减少 | | 4.36 | 1836.14 | | 8 | 881326 消费电子 | | 4.09 | 1553.19 | | 1 | 881389 地方性银行 | | -1.33 | 1476.38 | | 2 | 880875 中小银行 | | -1.26 | 1473.63 | | 3 | 焦炭加工 881005 | | -1.09 | 493.36 ...

经济观察网ETF收盘涨跌不一，创业板50ETF华夏(159367)领涨6.89%，通信ETF(515880)涨6.45%，通信 设备ETF(159583)涨6.45%，800现金流ETF(563990)领跌1.66%，煤炭ETF(515220)跌1.08%，银行ETF指 数基金(516210)跌0.95%。 ...