Seek .(US:SKLTY) Xin Lang Cai Jing·2025-12-29 09:39Core Viewpoint - The A-share market in 2025 experienced a significant upward trend after a rapid decline in early April, characterized by a concentrated focus on "new productive forces" and driven by policy, events, and industry developments [1] Group 1: AI Hardware and Chip Market - The launch of the DeepSeek-R1 model in January 2025, with a training cost of approximately $294,000, disrupted the belief that top models required tens of millions of dollars, leading to a surge in domestic AI hardware stocks [3] - The performance of computing power chip stocks was remarkable, with Tianpu Co. achieving a maximum increase of over 1300% in 2025, while Dongxin Co. and Chipone Co. both exceeded 300% [5] - The collaboration between Nvidia and OpenAI, valued at $100 billion, highlighted the competitive landscape in AI chips, with significant demand for H100 GPUs for training next-generation models [4] Group 2: Storage Chip Market - The demand for storage chips surged, with prices for DRAM and NAND Flash increasing by over 300% since September 2025, driven by the focus on HBM and DDR5 technologies [9] - Companies like Shannon Semiconductor saw a maximum increase of over 600% in 2025, while others like Demingli and Jiangbolong exceeded 200% [9] Group 3: Commodities and Precious Metals - The decline in the US dollar and the Fed's interest rate cuts led to a significant rise in commodity prices, with gold increasing by over 70% and silver by over 170% in 2025 [11] - The demand for industrial metals surged due to new industries, with copper prices rising over 40%, and several companies in the precious metals sector saw increases exceeding 200% [11] Group 4: Commercial Aerospace - The commercial aerospace sector experienced a boom in Q4 2025, driven by government support and successful rocket launches, with companies like Shunhao Co. and Feiwo Technology seeing maximum increases of over 450% [13] Group 5: Energy Storage and Lithium Battery Industry - The global energy storage demand is expected to grow significantly, with projections of over 60% growth in 2026, leading to price increases in lithium and related materials [15] - Companies in the energy storage sector, such as Yidong Electronics and Zhenhua Co., saw maximum increases of over 270%, while lithium battery companies like Haike New Energy exceeded 560% [15] Group 6: Regional Policy Impacts - The Fujian and Hainan regions experienced significant market activity due to new policies, with Fujian stocks like Haixia Innovation seeing increases over 500% and Hainan stocks like Zhongtung High-tech exceeding 180% [18][22]