截至发稿，杨梦累计任职时间7年181天，现任基金资产总规模199.22亿元，任职期间最佳基金回报 213.23%， 任职期间最差基金回报-27.34%。 数据显示，博道基金旗下1只基金重仓英维克。博道中证500增强A（006593）四季度持有股数32.84万 股，占基金净值比例为1.44%，位居第一大重仓股。根据测算，今日浮亏损失约180.31万元。 博道中证500增强A（006593）成立日期2019年1月3日，最新规模14.21亿。今年以来收益10.43%，同类 排名767/5562；近一年收益51.2%，同类排名1164/4285；成立以来收益209.27%。 博道中证500增强A（006593）基金经理为杨梦。 2月4日，英维克跌5%，截至发稿，报104.28元/股，成交48.27亿元，换手率5.30%，总市值1018.35亿 元。 资料显示，深圳市英维克科技股份有限公司位于广东省深圳市龙华区观澜街道观光路1303号鸿信工业园 9号厂房1-3楼，成立日期2005年8月15日，上市日期2016年12月29日，公司主营业务涉及精密温控节能 设备的研发、生产、销售;轨道交通列车空调、架修及维护服务、传统客车 ...

Group 1 - The core viewpoint of the news is that the leading optical module stocks, Zhongji Xuchuang and Xinyi Sheng, experienced significant declines, which negatively impacted the AI hardware sector as a whole [1][4]. - The recent clarity in the deployment timeline of CPO (Co-Packaged Optics) technology has raised market concerns about its potential impact on the optical module industry, as CPO can enhance transmission speed and efficiency while reducing size and power consumption [2][3]. - Zhongji Xuchuang and Xinyi Sheng's performance forecasts for 2025 indicate substantial profit growth, with Zhongji Xuchuang expecting a net profit of 9.8 billion to 11.8 billion yuan (approximately $1.4 billion to $1.7 billion), representing a year-on-year increase of 89.5% to 128.17%, and Xinyi Sheng projecting a net profit of 9.4 billion to 9.9 billion yuan (approximately $1.3 billion to $1.4 billion), with a year-on-year increase of 231.24% to 248.86% [3]. - The phenomenon of stocks that become the top holdings in public funds often experiencing subsequent declines is highlighted, with Zhongji Xuchuang recently taking this position, which coincided with a drop in its stock price [3]. Group 2 - The decline in U.S. stocks such as Nvidia and Broadcom has affected market sentiment towards A-share computing hardware stocks, contributing to the overall downturn in the AI application sector [4]. - Concerns about the potential replacement of core business functions in software companies by AI technology have led to a significant drop in the software services sector in the U.S. market [5]. - The ongoing debate about whether large AI models will overshadow software companies is noted, with insights suggesting that AI's impact is not limited to software, and various companies are adapting to leverage AI opportunities [6].

Core Viewpoint - The cyclical market is strengthening, with resource stocks, real estate infrastructure, consumer sectors, and chemicals performing actively, while AI hardware and application sectors are experiencing significant declines [2] Group 1: AI Hardware Sector Performance - Leading stocks in the AI hardware sector, including Zhongji Xuchuang (300308) and Xinyi Sheng (300502), opened with continuous declines, with both stocks dropping over 10% at one point during the trading session [2] - By the close of the morning session, Zhongji Xuchuang and Xinyi Sheng had fallen by 5.24% and 5.66%, respectively [2] - Other leading hardware stocks in the sector, such as Shenghong Technology (300476), Industrial Fulian (601138), and Yingweike (002837), also experienced declines due to the negative sentiment [2] Group 2: Reasons for Decline - Concerns regarding the impact of CPO (Co-Packaged Optics) technology on the optical module industry have emerged, as this innovation could significantly enhance transmission speeds while reducing size and power consumption [5] - Market expectations for Zhongji Xuchuang and Xinyi Sheng are perceived to be low, as their performance forecasts for 2025 indicate substantial growth, with Zhongji Xuchuang projecting a net profit of 9.8 billion to 11.8 billion yuan (approximately $1.4 billion to $1.7 billion), representing a year-on-year increase of 89.5% to 128.17% [6] - Xinyi Sheng anticipates a net profit of 9.4 billion to 9.9 billion yuan (approximately $1.3 billion to $1.4 billion), reflecting a year-on-year growth of 231.24% to 248.86% [6] - Historical trends indicate that stocks that become the largest holdings in mutual funds often experience subsequent declines, as seen with Zhongji Xuchuang, which recently replaced Ningde Times as the top holding [7] - The decline in U.S. stocks such as Nvidia and Broadcom has also negatively affected sentiment towards A-share computing hardware stocks [7] Group 3: Broader Market Impact - The AI application sector also faced significant declines, with various related concepts and stocks, including Sora concept and Zhi Pu AI, experiencing notable drops [8] - Specific stocks like Zhi De Mai (300785), Tianlong Group (300063), and Blue Focus (300058) saw declines of 11.56%, 10.95%, and 10.02%, respectively [8]

Core Viewpoint - The performance of the storage battery ETF Guangfa (159305) shows a slight decline, indicating market volatility in the energy storage sector [1] Group 1: ETF Performance - As of the midday close on February 4, the storage battery ETF Guangfa (159305) decreased by 0.63%, priced at 1.883 yuan, with a trading volume of 6.08 million yuan [1] - The performance benchmark for the storage battery ETF Guangfa is the return rate of the National Securities New Energy Battery Index during the same period [1] - Since its establishment on September 18, 2024, the fund has achieved a return of 89.55%, with a one-month return of 2.46% [1] Group 2: Major Holdings - Key stocks in the storage battery ETF include: - Contemporary Amperex Technology Co., Ltd. (宁德时代) increased by 1.58% - Sungrow Power Supply Co., Ltd. (阳光电源) decreased by 0.27% - EVE Energy Co., Ltd. (亿纬锂能) decreased by 1.24% - Inovance Technology Co., Ltd. (英维克) decreased by 3.55% - Guoxuan High-Tech Co., Ltd. (国轩高科) decreased by 1.82% - Magpower Technology Co., Ltd. (麦格米特) decreased by 1.40% - Sunwoda Electronic Co., Ltd. (欣旺达) decreased by 0.73% - Deyi Co., Ltd. (德业股份) increased by 0.35% - Keda Technology Co., Ltd. (科达利) increased by 0.01% - Jinpan Technology Co., Ltd. (金盘科技) increased by 2.42% [1]

Summary of Earnings Call Transcript Industry Overview - **Industry**: China Industrials - **Market Outlook**: Solid earnings expected for capital goods companies with double-digit revenue growth and margin expansion driven by strong AI capital expenditures, favorable product mix, and increased overseas sales contributions. High commodity prices negatively impact Hongfa Technology but have less effect on other companies [1][2][3]. Key Company Insights Leader Harmonious Drive Systems (688017.SS) - **Revenue Growth**: Expected to reach 46% YoY in 4Q25, driven by increased humanoid orders and industrial robots growth [5]. - **Margin Expansion**: Anticipated margin increase to 37%, up 5 percentage points YoY [5]. Zhejiang Shuanghuan Driveline Co. Ltd. (002472.SZ) - **Revenue Growth**: NEV gears revenue expected to grow mid-teens YoY, with total revenue growth projected at 22% YoY [5]. - **Net Profit**: Estimated at Rmb348 million, a 22% increase YoY [5]. Hongfa Technology Co. Ltd. (600885.SS) - **Revenue Growth**: Projected total revenue growth of 10% in 4Q25, with strong demand across various relay segments [5]. - **Margin Compression**: Expected margin decline of 0.6 percentage points YoY to 39.5% due to rising raw material prices [5]. - **Net Profit**: Anticipated at Rmb380 million, a 5% increase YoY, which is below consensus expectations [5]. Sany Heavy Industry Co., Ltd. (600031.SS) - **Sales Growth**: Expected mid-teens growth in both domestic and overseas sales, with 4Q25 sales projected to rise 18% YoY to approximately Rmb23.5 billion [5]. - **Net Profit**: Projected to increase by 32% YoY to around Rmb1.5 billion [5]. Zoomlion Heavy Industry (000157.SZ) - **Sales Growth**: Anticipated 20% YoY increase in sales for 4Q25, with net profit expected to rise 157% YoY to approximately Rmb981 million [5]. Jiangsu Hengli Hydraulic Co. Ltd. (601100.SS) - **Sales Growth**: Expected 25% increase in 4Q25 sales, driven by domestic up-cycle and market share gains [5]. - **Net Profit**: Projected to rise 19% YoY to Rmb855 million [5]. Shenzhen Inovance Technology (300124.SZ) - **Revenue Growth**: Automation business revenue expected to grow 18% YoY in 4Q25, with net profit projected to increase by 18% YoY to around Rmb1.1 billion [6]. WeiChai Power (2338.HK) - **Revenue Growth**: Anticipated 11% YoY growth in total revenue for 4Q25, supported by HDT industry sales growth [6]. - **Net Profit**: Expected to grow 23% YoY to Rmb3.7 billion [6]. Sinotruk (Hong Kong) Limited (3808.HK) - **Sales Growth**: Estimated 40% YoY growth in HDT volume sales in 2H25 [6]. - **Net Profit**: Projected to grow 34% YoY to Rmb3.4 billion [6]. Shenzhen Envicool Technology Co. Ltd. (002837.SZ) - **Revenue Growth**: Expected 24% YoY revenue growth in 4Q25, driven by data centers and ESS business [6]. - **Net Profit**: Anticipated to grow 98% YoY to Rmb198 million [6]. Additional Insights - **Commodity Prices**: High commodity prices are a concern for certain companies, particularly Hongfa Technology, which may face margin pressures [1][5]. - **Market Dynamics**: The overall positive outlook for the China Industrials sector is supported by technological advancements and increased demand for new energy vehicles [1][5]. This summary encapsulates the key points from the earnings call, highlighting the performance expectations and challenges faced by various companies within the China Industrials sector.

英维克跟踪点评:根据市场消息，上周四五，谷歌到英维克把26年订单锁死，涉及金额7-8亿美金(50-60亿人民 币)。 上周一去天弘 (谷歌的代工厂商) 去英维克催产能，要求新增十几条线，不仅为谷歌，也为Meta、openai、天弘本身 交换机等液冷需求。 上周一去天弘 (谷歌的代工厂商) 去英维克催产能，要求新增十几条线，不仅为谷歌，也为Meta、openai、天弘本身 交换机等液冷需求。 英维克跟踪点评:根据市场消息，上周四五，谷歌到英维克把26年订单锁死，涉及金额7-8亿美金(50-60亿人民 币)。 ...

Summary of Conference Call Notes Industry Overview - The overall market showed a significant rebound with 4,800 stocks rising, but the trend remains downward according to moving averages, aligning with the theory that the market will not experience a V-shaped recovery [1][2] Chemical Industry Insights - The chemical industry has been under pressure due to several factors: 1. Declining oil prices, which affect the chemical sector due to their upstream and downstream relationship [2][3] 2. Sell-offs in oil-related ETFs triggered by falling oil prices, which also impacts chemical stocks [3] 3. The cyclical nature of the chemical industry, where declines in metals also lead to declines in chemicals [3] - Despite recent downturns, the trend for the chemical sector is not over, indicating potential future opportunities [4] Company-Specific Analysis - **Invid Tech (英维克)**: - Secured a significant order from Google worth $700-800 million, with additional demand from Meta, OpenAI, and Tianhong for liquid cooling solutions [5] - The company is positioned well in the liquid cooling market, with a stable technical outlook, suggesting that the best buying opportunity will arise when the market shows three consecutive days without new lows [5] - **Shiyun Circuit (世运电路)**: - Identified as having the most potential in the PCB sector due to its connections with Tesla's AI, FSD, robotics, and SpaceX, indicating a strong growth trajectory [5] - **Igor (伊戈尔)**: - Expected to benefit from Tesla's plans for large-scale computing center construction [6] - **Huilv Ecology (汇绿生态)**: - Noted as a promising new player in the overseas light module market, facing pressure to maintain high performance expectations [6] - **Dongfang Electric (东方电气)**: - Despite being relatively quiet, it has a strong trend and has provided substantial profits for patient investors, supported by the broader narrative of energy shortages in the U.S. [6][7] - **Harbin Electric (哈尔滨电气)**: - Seen as a strong peer in the industry, with Dongfang Electric showing signs of technical stabilization [7] Market Sentiment and Strategy - Recent market activity, indicated by long lower shadow candlesticks, suggests that some funds are beginning to bet on stabilization [8] - Investors are advised to consider their risk tolerance, with aggressive investors potentially looking to enter early, while conservative investors may wait for clearer signals of market stability [8] - Emphasis on the importance of balancing positions and managing risk in a fluctuating market environment [8]

来源：张家口新闻网 从算力底座的夯实到数字产业的崛起，从政务服务的升级到市场治理的优化，2025年张家口市聚焦大数据产业 发展与政务服务环境改善两大核心任务，坚守创新底色、勇担改革使命、追求一流标准，用数字技术重塑发展 格局，以政务温度回应民生期盼，在2025年交出了一份兼具厚度与温度的发展答卷。 算力筑基，产业聚链：数字经济撑起发展"硬脊梁" 数字经济的崛起，根基在算力，活力在产业。2025年以来，张家口市坚持"需求牵引、适度超前"原则，以算力 基建、产业链延伸、数据要素激活为抓手，推动数字经济形成"生态闭环"，成为全市经济增长的重要引擎。 作为京津冀算力网络重要支点，张家口持续深化算力基础设施建设，推进蔚县、涿鹿等拓展区发展，形成"起步 区+拓展区"梯次格局。目前全市投运数据中心49个、在建22个，标准机架超78万架，通用算力1.21万P （FP32）、智能算力20.07万P（FP16），算力规模持续位居全省前列，城市算力分指数排名持续位居全国前 列。数据中心平均PUE约1.20，普遍低于1.25，处于全国最好水平，已成为字节跳动、阿里云、腾讯云等大型、 超大型数据中心集群的重要承载区。中明科技、合盈数据 ...

截至发稿，吴逸累计任职时间6年65天，现任基金资产总规模79.18亿元，任职期间最佳基金回报 133.93%， 任职期间最差基金回报-40.88%。 声明：市场有风险，投资需谨慎。 本文基于第三方数据库自动发布，不代表新浪财经观点，任何在本 文出现的信息均只作为参考，不构成个人投资建议。如有出入请以实际公告为准。如有疑问，请联系 biz@staff.sina.com.cn。 责任编辑：小浪快报 数据显示，东财基金旗下1只基金重仓英维克。中证500ETF基金（159337）四季度持有股数3.58万股， 占基金净值比例为0.65%，位居第一大重仓股。根据测算，今日浮盈赚取约18.94万元。 中证500ETF基金（159337）成立日期2024年9月2日，最新规模5.85亿。今年以来收益7.6%，同类排名 748/5562；近一年收益45.95%，同类排名1253/4285；成立以来收益79.97%。 中证500ETF基金（159337）基金经理为吴逸。 2月3日，英维克涨5.1%，截至发稿，报109.10元/股，成交67.24亿元，换手率7.50%，总市值1065.42亿 元。 资料显示，深圳市英维克科技股份有限 ...

来源：新浪基金∞工作室 声明：市场有风险，投资需谨慎。本文基于第三方数据库自动发布，不代表新浪财经观点，任何在本文 出现的信息均只作为参考，不构成个人投资建议。如有出入请以实际公告为准。如有疑问，请联系 biz@staff.sina.com.cn。 2月3日，截止午间收盘，中证500ETF（510500）涨2.51%，报8.251元，成交额33.41亿元。中证500ETF （510500）重仓股方面，英维克截止午盘涨0.01%，信维通信涨9.09%，巨人网络跌1.63%，航天电子涨 4.73%，中矿资源涨2.31%，中国卫星涨3.45%，先导智能涨5.78%，卧龙电驱涨0.92%，赤峰黄金跌 5.84%，兴业银锡跌10.01%。 中证500ETF（510500）业绩比较基准为中证500指数，管理人为南方基金管理股份有限公司，基金经理 为罗文杰，成立（2013-02-06）以来回报为171.03%，近一个月回报为7.70%。 ...