Market Overview - The total trading volume in the Shanghai and Shenzhen markets reached 1.87 trillion yuan, an increase of 136.3 billion yuan compared to the previous trading day [1][3] - All three major A-share indices rose, with the Shanghai Composite Index increasing by 1.36% to close above 3900 points, the Shenzhen Component Index rising by 2.06%, and the ChiNext Index gaining 3.02% [1][2] Sector Performance - Strong performance was observed in sectors such as CPO, copper-clad laminates, and consumer electronics, while the deep earth economy and cultivated diamond concepts also showed significant gains [2] - Conversely, sectors like electrolytic solution, coal, and civil aviation experienced declines [2] Stock Highlights - The deep earth technology concept saw a collective surge, with stocks like ShenKai Co. and Petrochemical Machinery achieving two consecutive trading limits, while several others hit the daily limit [2] - In the coal and gas sectors, companies like Antai Group and Baotailong saw declines exceeding 7% and 6% respectively [2] Capital Flow - Main capital inflows were directed towards electronics, machinery equipment, and communications sectors, while there were outflows from banking, precious metals, and coal sectors [5] - Notable individual stocks with net inflows included Industrial Fulian, New Yi Sheng, and Luxshare Precision, attracting 2.22 billion yuan, 1.82 billion yuan, and 1.59 billion yuan respectively [5] - Conversely, stocks such as CITIC Securities, Changying Precision, and Silan Micro faced net outflows of 619 million yuan, 545 million yuan, and 494 million yuan respectively [6] Institutional Insights - Guotai Junan noted that recent market fluctuations do not alter the long-term positive outlook for the stock market [7] - Qianhai Bourbon Fund indicated that after an unsuccessful market rally, a structural adjustment is expected, with a focus on adjustments in the latter half of October [8] - Shenwan Hongyuan emphasized that the current market trend is driven by capital flow, with technology remaining the main focus based on today's capital rankings [8]

今日A股市场震荡反弹， 创业板指涨超3%，沪指涨1.36%重返3900点。 沪深两市成交额1.87万亿，较上一个交易日放量1363亿。 盘面上，市场热点轮番活跃，全市场超4600只个股上涨。 深地科技概念持续走强 ，神开股份、石化机械双双2连板。 CPO概念股全天走强 ，"易中天"光 模块三巨头震荡拉升，源杰科技触及20cm涨停创历史新高。 苹果产业链表现活跃 ，环旭电子涨停，工业富联大涨。下跌方面，煤炭股走弱，安泰集团大 跌。 板块方面，培育钻石、工程机械、CPO等板块涨幅居前，煤炭等板块跌幅居前。 截至收盘，沪指涨1.36%，深成指涨2.06%，创业板指涨3.02%。 上证指数 创业板指 深证成指 -3916.33 -3083.72 -13077.32 +90.26 +3.02% +52.44 +1.36% +264.11 +2.06% 板块详情 > 市场概况 2776 1307 596 310 104 92 131 96 81 24 9 4 5 小于 大于 涨停 跌停 +6% +4% +2% 0% -2% -4% -6% -8% +8% -8% +8% 上涨 4628家 持平 下跌 729家 81家 跌 ...

2025.10.21 本文字数：1368，阅读时长大约3分钟 11:31 A股午盘｜上证指数涨1.2% 科技股持续反弹 上证指数报3910.13点，涨1.2%，深成指报13065.58点，涨1.97%，创业板指报3080.79点，涨2.92%。科 技股持续反弹，苹果产业链、存储芯片、CPO概念攻势如潮，深地经济概念开始发酵，地产、券商、 超硬材料板块表现抢眼；红利资产逆势下跌，煤炭、民航板块飘绿。全市场近4600股飘红。 11:01沪深两市成交额突破1万亿，较昨日此时缩量超500亿。 10:54深地经济概念盘中持续走强，正元地信20cm涨停，此前中裕科技、德石股份、山河智能等多股涨 停。消息面上，近日，自然资源部表示，"十五五"期间，自然资源标准化工作将聚焦：加快抢占深海、 深地等新兴和未来产业的标准化制高点。 10:43券商股盘中冲高，天风证券拉升逼近涨停，长江证券、太平洋、华泰证券、国海证券等跟涨。 09:57开盘不到半小时，沪深两市成交额突破5000亿，较昨日此时缩量近1000亿。 10:36上证指数涨近1%收复3900点，培育钻石、存储芯片、消费电子概念涨幅居前，全市场近4400股飘 红。 | (40 ...

2025.10. 21 本文字数：1368，阅读时长大约3分钟 11:31 A股午盘｜上证指数涨1.2% 科技股持续反弹 上证指数报3910.13点，涨1.2%，深成指报13065.58点，涨1.97%，创业板指报3080.79点，涨2.92%。 科技股持续反弹，苹果产业链、存储芯片、CPO概念攻势如潮，深地经济概念开始发酵，地产、券 商、超硬材料板块表现 抢眼；红利资产逆势下跌，煤炭、民航板块飘绿。 全市场近4600股飘红。 11:01 沪深两市成交额突破1万亿，较昨日此时缩量超500亿。 10:54 深地经济概念盘中持续走强，正元地信20cm涨停，此前中裕科技、德石股份、山河智能等多股 涨停。消息面上，近日，自然资源部表示，"十五五"期间，自然资源标准化工作将聚焦：加快抢占深 海、深地等新兴和未来产业的标准化制高点。 10:43 券商股盘中冲高，天风证券拉升逼近涨停，长江证券、太平洋、华泰证券、国海证券等跟涨。 10:36 上证指数涨近1%收复3900点，培育钻石、存储芯片、消费电子概念涨幅居前，全市场近4400股 飘红。 | 代码 | 名称 | 两日图 | | 现价 | 涨跌 | 涨跌幅 | | --- ...

（文章来源：每日经济新闻） 每经AI快讯，10月21日，深地经济概念盘中持续走强，正元地信20%涨停，此前中裕科技、德石股份、 山河智能、中化岩土、山东墨龙等多股涨停，恒立钻具、四方达涨超10%。 ...

Core Viewpoint - The concept of deep earth economy is gaining momentum in the market, with several stocks experiencing significant price increases, indicating strong investor interest in this sector [1] Group 1: Stock Performance - Zhengyuan Dixin has reached a daily limit increase of 20%, reflecting strong market confidence [1] - Other companies such as Zhongyu Technology, Deshi Co., Shanhua Intelligent, Zhonghua Yantu, and Shandong Molong have also hit their daily limit increases [1] - Hengli Drilling Tools and Sifangda have seen their stock prices rise by over 10%, further demonstrating the positive trend in this sector [1]

Market News - US stock market opened higher with all three major indices rising over 1%, Nasdaq up 1.37%, Dow Jones up 1.12%, and S&P 500 up 1.07% [1] - Major tech stocks saw significant gains, with Apple rising approximately 4% to reach a historical high, and other companies like Netflix, Intel, and Meta also experiencing increases [1] - Spot gold prices surpassed previous highs, peaking at $4381.49 per ounce before closing at $4355.69, a 2.46% increase [1] - International oil prices fell, with WTI crude down 0.38% to $56.93 per barrel [1] - European stock indices closed higher, with Germany's DAX up 1.8% and France's CAC40 up 0.39% [1] Industry Insights - The successful static fire test of the reusable rocket Zhuque-3 marks a significant step towards its first flight, aimed at reducing launch costs and enhancing capacity in China's commercial space sector [2] - China's commercial space market is projected to grow from 9.2 billion yuan in 2020 to 310 billion yuan by 2024, with a compound annual growth rate exceeding 100% [2] - A breakthrough in robotics has been achieved with the introduction of a unified theory for force-position hybrid control algorithms, improving task success rates by approximately 39.5% [3] - The deep earth economy is gaining attention as a strategic emerging industry, focusing on resource development and space utilization in the Earth's depths, expected to receive strong policy support during the upcoming 14th Five-Year Plan [4][5] - The deep earth economy is anticipated to become a new growth engine for the economy, with significant developments in remote monitoring systems for deep earth industrial automation [5]

Group 1 - The "15th Five-Year Plan" is set to focus on the deep earth economy as a key strategic emerging industry, attracting significant attention from various parties [1] - The Ministry of Natural Resources indicates that the "15th Five-Year Plan" will accelerate the standardization of emerging and future industries such as deep sea and deep earth [1] - The deep earth economy encompasses activities related to the development of deep earth resources (oil, gas, minerals), deep space utilization, and technology research and equipment manufacturing, and is expected to be included in the "15th Five-Year Plan" [1] Group 2 - As land shallow resources become increasingly depleted, the strategy of seeking resources and space from the deep earth has become a major direction for national development [1] - The deep earth economy, centered on underground space and deep resource development, has rapidly developed in China due to policy support and technological advancements, becoming a new engine for economic growth [1] - The deep earth economy is crucial for resource security and is expected to receive strong policy support during the "15th Five-Year Plan," entering a golden development period [1] Group 3 - Companies related to the A-share market in this sector include Anku Technology and Wenzhou Hongfeng [2]

Robotics - A significant breakthrough in robotics algorithms has been achieved by a Chinese research team, introducing the world's first unified theory of "force-position hybrid control algorithm" that does not rely on force sensors, improving task success rates by approximately 39.5% compared to position-only control strategies [1] - The new algorithm enables robots to perform six types of operations, including position tracking and compliant force application, without sensors, enhancing human-robot collaboration safety through real-time interaction capabilities [1] - This advancement positions China at the forefront of intelligent control in robotics, providing critical technological support for industries such as smart manufacturing and rehabilitation [1] Deep Earth Economy - The Ministry of Natural Resources of China has announced plans to accelerate the standardization of emerging industries related to deep sea and deep earth during the 14th Five-Year Plan, with deep earth economy expected to be included in the planning [2] - The deep earth economy encompasses activities related to the development of deep earth resources and space utilization, becoming a new economic form that is rapidly developing under policy support and technological advancements [2] - This sector is crucial for resource security and is anticipated to receive strong policy backing during the 14th Five-Year Plan, marking a golden development period [2] Carbon Emissions - Hubei Province has launched an ecological environment rights trading platform that allows for the trading of ecological product values, with a cumulative transaction volume in the carbon market exceeding 10 billion yuan, ranking first in the country [3] - The platform integrates five core functions, including carbon emission rights and ecological product value realization, providing a one-stop service for enterprises' low-carbon transformation and enhancing resource allocation efficiency [3] CPO (Cloud and AI) - Demand for 1.6T optical modules is on the rise, with overseas clients increasing their procurement plans for 2026, driven by the accelerated deployment of AI training and inference networks [4] - The total demand for 1.6T optical modules is expected to rise from 10 million to 20 million units, reflecting the growing bandwidth requirements in the AI sector [4] Storage Chips - Micron Technology's executive has indicated that the DRAM supply situation will be more severe in 2026 due to high bandwidth memory (HBM) consuming three times the wafers compared to traditional DRAM products [5] - The current capacity of major memory manufacturers is being directed towards HBM production, with rising costs and time for establishing new DRAM wafer fabs limiting large-scale expansion in the short term [5] Macro and Industry News - The Ministry of Finance and the State Administration of Taxation have initiated a pilot program for joint regulation of accounting agencies in three provinces [6] - A meeting on cement industry growth emphasized the need for strict adherence to capacity replacement policies by major enterprises [6] - The "Beijing Wind Energy Declaration 2.0" was released, setting a target for annual new wind power installations during the 14th Five-Year Plan [6] Market Trends - Recent data indicates that net subscriptions for equity ETFs reached 163.3 billion yuan in the past month, with significant interest in semiconductor and non-bank financial themed ETFs [7] - The fundraising pace for new funds has accelerated, with ten equity funds announcing early closure of their fundraising periods [7]

Economic Data Summary - In September, the GDP growth rate slowed to 4.8%, marking the lowest point in a year, while the cumulative GDP growth for the first three quarters reached 5.2% [3] - The industrial added value significantly exceeded expectations, growing by 6.5% year-on-year in September, supported by an increase in working days and strong export performance [4] - Fixed asset investment turned negative at -0.5% year-on-year for the first nine months, the first negative growth since mid-2020, with real estate investment in September dropping by 21.2%, a historical low [4] - Retail sales growth further slowed to 3.0%, the lowest since December last year, influenced by the timing of the Mid-Autumn Festival and a decrease in consumer spending [4] - Urban residents' disposable income grew by 4.5%, while spending increased by only 3.9%, indicating a savings rate of 38.3%, consistent with the past two years but higher than pre-pandemic levels [4] Market Trends - On October 20, A-shares saw collective gains, with the Shanghai Composite Index rising by 0.63%, Shenzhen Component by 0.98%, and ChiNext by 1.98% [8] - The coal and gas sectors experienced significant gains due to cold weather impacts, with coal prices rising, and expectations of supply tightening due to safety inspections [8] - The cultivated diamond sector saw a surge, with stocks like Huifeng Diamond hitting the daily limit [8] Company Performance - Keda Xunfei reported a net profit of 172 million yuan for Q3, a year-on-year increase of 202.40% [12] - Alloy Investment's Q3 net profit surged to 2.68 million yuan, up 4985.25% year-on-year [12] - China Shipbuilding's net profit for the first three quarters is expected to be between 4.08 billion and 4.68 billion yuan, reflecting a year-on-year increase of 106.93% to 137.36% [12] Industry Insights - The deep earth economy is gaining attention, focusing on the development of deep earth resources and related industries, as highlighted by the Ministry of Natural Resources [13] - Goldman Sachs noted China's strong influence over rare earths, suggesting that the country is unlikely to abandon proposed controls, which could lead to various market responses [7] Stock Market Dynamics - The net inflow of main funds reached 37.95 billion yuan, with the electronics sector seeing the largest inflow [17] - The top five sectors for net inflow included electronics, communication, machinery, power equipment, and coal [17] - Northbound trading totaled 234.73 billion yuan, with significant transactions in banks and rare earths [20]