华龙证券华龙内参2024年第62期，总第1621期（电子版）

Market Overview - The market experienced a downward trend with major indices closing lower, particularly the ChiNext Index which fell by 1.08% [4][14] - The total trading volume in the Shanghai and Shenzhen markets was 917.9 billion, a decrease of 49.7 billion from the previous trading day [3] Stock Performance - Notable stocks that hit the daily limit include Zhongrun Resources, which rose by 10.11%, and Xiaocheng Technology, which surged by 20.04% [10][14] - The sectors that performed well included gold, non-ferrous metals, oil and gas, and coal, while sectors like Sora concept, flying cars, and multi-modal AI saw declines [15] Northbound Capital Flow - Northbound funds recorded a net sell of 2.275 billion, with the Shanghai Stock Connect seeing a net sell of 1.596 billion and the Shenzhen Stock Connect a net sell of 0.679 billion [6] Advanced Packaging Industry Insights - AMD is testing glass substrate samples from several major semiconductor substrate companies, planning to integrate this advanced substrate technology into semiconductor manufacturing by 2025-2026 [8][9] - The demand for high computing power is driving the evolution of packaging methods, with the market for advanced packaging technologies like 2.5D/3D and Chiplet expanding [9] - Glass substrates are expected to significantly improve electrical and mechanical performance compared to organic substrates, making them a key direction for future advanced packaging development [9]