沪深两市半日成交额为1.37万亿元，较上个交易日缩量1733亿元。个股涨跌互现，市场共2723只个股上 涨，53只个股涨停，2526只个股下跌。 从板块看，发电设备、石油化工、汽车、软饮料、化纤行业等板块领涨；此前涨幅较为显著的互联网、 制药、电脑硬件、电子元器件等板块出现回调，摩尔线程、服务器概念个股走弱。 港股方面，上午主要股指集体收跌。截至午间收盘，恒生指数跌0.65%，恒生科技指数跌1.04%。大型科 技股集体低迷，其中小米集团跌超5%，阿里巴巴、京东跌近2%。 有色金属板块延续活跃 今日上午，有色金属板块延续活跃，中钨高新（000657）、腾远钴业（301219）均涨超5%。 | 序号 名称 | 现价 | 涨跌幅 ▼ 总市值 年初至今 | | --- | --- | --- | | 1 | | 5.33% 428亿 106.43% | | വ 腾远钻业 | 70.37 | 5.33% 207亿 57.42% | | ന 兴业银锡 | 28.31 - - | 4.31% 503亿 155.49% | | 4 江西铜业 | 31.56 | 4.30% 1000亿 57.42% | | 5 | 3.91 ...

【导读】 A 股三大股指低开低走， 消费电子大幅下挫；有色金属板块延续活跃，国防军工拉 涨 中国基金报记者 张舟 9 月 26 日上午， A 股三大股指震荡下挫，创业板指跌超 1% 。截至午间收盘，沪指微跌 0.18%， 深证成指跌 0.79%， 创业板指跌 1.17% 。 | 最高: 3251.88 | 今开: 3222.19 | 成交量: 1.37亿手 | | --- | --- | --- | | 最低: 3191.87 | 昨收:3235.76 | 成交额:3630.95亿 | | 52周最高: 3266.00 | 上涨:401 | 振幅:1.85% | | 52周最低: 1625.66 | 下跌:519 | 总市值:17.57万亿 | 港股方面，上午主要股指集体收跌。截至午间收盘，恒生指数跌 0.65% ，恒生科技指数跌 1.04% 。大型科技股集体低迷，其中小米集团跌超 5% ，阿里巴巴、京东跌近 2% 。 有色金属板块延续活跃 今日上午，有色金属板块延续活跃，中钨高新、腾远钴业均涨超 5% 。 | 序号 名称 | 现价 | 涨跌幅 ▼ 总市值 年初至今 | | --- | --- | --- | ...

Group 1 - The AI computing hardware sector is experiencing a correction, with the 5G communication ETF (515050) dropping over 2% as of 10:39 AM on September 26, 2023, and several key holdings declining more than 3% [1] - The 5G communication ETF (515050) has seen significant inflows, accumulating over 348 million yuan in the last five trading days, and currently has a total size exceeding 9 billion yuan [1] - The ETF tracks the CSI 5G Communication Theme Index, with a focus on major players in the industry such as Nvidia, Apple, and Huawei, and has a weight of 38% in optical module CPO concept stocks and 14% in PCB circuit board concept stocks [1] Group 2 - CITIC Securities analysis indicates that the capital expenditure (capex) driven by AI has substantial long-term potential and sustainability, shifting from network investment to computing power investment [2] - Historical data shows that from 2013 to 2022, Amazon's cloud computing revenue increased by 24.8 times, with capex rising by 17.5 times, while Alibaba's cloud revenue grew by 18.5 times with a 9.2 times increase in capex [2] - Major companies like Amazon, Google, and Meta have seen their annual capex as a percentage of operating cash flow reach significant levels, indicating that future capital expenditures related to AI are expected to grow alongside AI-related revenue [2]

Group 1 - A-shares experienced a collective decline on September 26, with the Shanghai Composite Index down by 0.20% during intraday trading [1] - The sectors showing gains included power generation equipment, petrochemicals, and soft drinks, while the internet and electronic components sectors faced the largest declines [1] - The Consumer Electronics ETF (159732) fell by 1.59%, with key component stocks such as Lingyi iTech down by 4.96%, Rockchip down by 4.83%, and Lens Technology down by 4.70% [1] Group 2 - Meta launched several new smart glasses products at the annual Mca Connect conference on September 18, including the world's first AR+AI glasses with a built-in display, the Meta Ray-Ban Display [3] - The introduction of AI glasses is expected to accelerate penetration in the market, driving continuous upgrades in the supply chain [3] - The Consumer Electronics ETF (159732) tracks the Guozheng Consumer Electronics Index, primarily investing in 50 A-share listed companies involved in the consumer electronics industry, with a focus on electronic manufacturing, semiconductors, and optical electronics [3]

Core Insights - The stock of Lingyi iTech has dropped by 5.09%, trading at 15.11 CNY per share with a total market capitalization of 105.89 billion CNY [1] Company Overview - Lingyi iTech, established on July 1, 1975, is located in Jiangmen City, Guangdong Province, and was listed on July 15, 2011. The company specializes in the production and sales of new electronic components, mobile phone, and computer accessories [1] - The revenue composition of Lingyi iTech is as follows: AI terminals account for 88.32%, other products for 6.68%, and automotive and low-altitude economy for 5.01% [1] Shareholder Information - The Huaxia Fund has a significant stake in Lingyi iTech, with the Huaxia CSI 300 ETF (510330) entering the top ten circulating shareholders in the second quarter, holding 26.104 million shares, which is 0.38% of the circulating shares. The estimated floating loss today is approximately 21.1442 million CNY [2] - The Huaxia CSI 300 ETF was established on December 25, 2012, with a latest scale of 196.701 billion CNY. Year-to-date returns are 19.32%, ranking 2812 out of 4220, while the one-year return is 38.32%, ranking 2375 out of 3824 [2] Fund Holdings - The Huaxia Pansheng Mixed Fund (LOF) (160324) holds 115,400 shares of Lingyi iTech, representing 1.47% of the fund's net value, making it the eighth-largest holding. The estimated floating loss today is about 93,500 CNY [3] - The Huaxia Pansheng Mixed Fund was established on May 31, 2017, with a latest scale of 67.417 million CNY. Year-to-date returns are 23.69%, ranking 4096 out of 8171, and the one-year return is 47.1%, ranking 3208 out of 8004 [3]

证券日报网讯 9月25日晚间，领益智造发布公告称，根据安排，截至2025年10月14日收市后仍未转股 的"领益转债"将被强制赎回。本次赎回完成后，"领益转债"将在深圳证券交易所摘牌，特提醒"领益转 债"债券持有人注意在限期内转股。债券持有人持有的"领益转债"如存在被质押或被冻结的，建议在停 止转股日前解除质押或冻结，以免出现因无法转股而被赎回的情形。 （编辑 楚丽君） ...

| 证券代码：002600 | 证券简称：领益智造 | 公告编号：2025-147 | | --- | --- | --- | | 债券代码：127107 | 债券简称：领益转债 | | 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚 假记载、误导性陈述或重大遗漏。 特别提示： 1、"领益转债"赎回价格：100.181 元/张（含当期应计利息，当期年利率为 0.20%，且当期利息含税），扣税后的赎回价格以中国证券登记结算有限责任公司 深圳分公司（以下简称"中登公司"）核准的价格为准。 2、赎回条件满足日：2025 年 9 月 8 日 3、"领益转债"停止交易日：2025 年 10 月 10 日 4、"领益转债"赎回登记日：2025 年 10 月 14 日 广东领益智造股份有限公司 关于"领益转债"赎回实施的第十四次提示性公告 5、"领益转债"停止转股日：2025 年 10 月 15 日 6、"领益转债"赎回日：2025 年 10 月 15 日 7、发行人（公司）资金到账日：2025 年 10 月 20 日 8、投资者赎回款到账日：2025 年 10 月 22 日 9、赎回类别：全部赎回 10 ...

| 证券代码：002600 | 证券简称：领益智造 | 公告编号：2025-148 | | --- | --- | --- | | 债券代码：127107 | 债券简称：领益转债 | | 广东领益智造股份有限公司 关于为子公司提供担保的进展公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚 假记载、误导性陈述或重大遗漏。 一、担保情况概述 广东领益智造股份有限公司（以下简称"公司"或"领益智造"）分别于 2024 年 12 月 6 日和 2024 年 12 月 23 日召开第六届董事会第九次会议和 2024 年第五 次临时股东大会，审议通过了《关于公司及子公司 2025 年度担保事项的议案》。 为保证公司及其子公司的正常生产经营活动，2025 年度公司（含控股子公司） 拟为公司及子公司的融资或其他履约义务提供担保，预计担保总额度合计不超过 人民币 3,500,000 万元。在上述担保额度内，公司管理层可根据实际经营情况对 公司（含控股子公司）对子公司、子公司对公司之间的担保额度进行调配，亦可 对新成立的子公司分配担保额度。具体内容详见公司于 2024 年 12 月 7 日在巨潮 资讯网（w ...

Core Viewpoint - The company has received high recognition for its CNC machine tool products and services from several leading clients, indicating strong market acceptance and potential growth opportunities [1] Group 1: Client Recognition - The company has established important relationships with major clients including BYD Electronics, Foxconn, Luxshare Precision, Linyang Intelligent Manufacturing, Changying Precision, CRRC, SAIC General Motors, and AVIC [1]

Core Viewpoint - The A-share market showed mixed performance on September 25, with the Shanghai Composite Index slightly declining while the Shenzhen Component and ChiNext Index increased, indicating a divergence in sector performance and investor sentiment [3][4]. Market Performance - The Shanghai Composite Index closed at 3853.3 points, down 0.01% - The Shenzhen Component closed at 13445.9 points, up 0.67% - The ChiNext Index closed at 3235.76 points, up 1.58% - Total trading volume in the Shanghai and Shenzhen markets reached 2.37 trillion yuan, an increase of 443 billion yuan from the previous trading day [3][4]. Sector Performance - Strong sectors included gaming, internet e-commerce, industrial metals, and controllable nuclear fusion concepts, while port shipping and engineering machinery sectors were weak [6][7]. - The gaming sector saw significant gains, with Kunlun Wanwei rising over 7% and other companies like Ice Glacier Network and G-bits also performing well [7]. - The controllable nuclear fusion concept was strong, with Changfu Co. rising over 8% [8]. Individual Stock Highlights - Ningde Times' stock price exceeded 400 yuan, setting a new historical high - Zhongji Xuchuang rose over 2% with a trading volume of 21.6 billion yuan - ZTE Corporation's A-shares increased nearly 5%, with a trading volume exceeding 12 billion yuan [9]. Fund Flow - Main funds saw net inflows in sectors such as computers, power equipment, and machinery, while there were net outflows in transportation, real estate, and banking sectors [11]. - Specific stocks with net inflows included Inspur Information, Huagong Technology, and Luoyang Molybdenum, with inflows of 3.784 billion yuan, 2.891 billion yuan, and 2.315 billion yuan respectively [12]. - Stocks with net outflows included Heertai, Luxshare Precision, and Shenghong Technology, with outflows of 1.810 billion yuan, 907 million yuan, and 721 million yuan respectively [13]. Institutional Insights - CITIC Construction pointed out that the A-share market's trading volume has slightly decreased but remains around 2 trillion yuan, which is conducive to maintaining market activity. The Shanghai Composite Index is expected to fluctuate around 3800 points before the holiday [15]. - Guodu Securities emphasized the structural opportunities in the ChiNext market, highlighting the importance of AI hardware and new energy sectors [15]. - Everbright Securities noted that technology remains a key focus, suggesting partial profit-taking but emphasizing the necessity of maintaining exposure [16].