这两天"624"的呼声很高，让人联想到去年"924"的盛况。 所以如果有朋友想投资港股，这个指数的优先级肯定要排在恒科前面。目前场内跟踪港股科技比较热门 的有港股科技50ETF（159750），今天午盘涨0.69%，还是两融品种，可T+0，质地没的说，T起来也更 方便。 | 序号 | 证券代码 | 证券简称 | 区间涨跌幅 | 区间涨跌幅 | 近期创历史新高次数 | | | --- | --- | --- | --- | --- | --- | --- | | | | | [記始交易日期] 2024-9-24 | [起始交易日期] 2025-4-8 | [交易日期] 2025-6-24 | | | | | | [截止交易日期] 2025-6-24 | [截止交易日期] 2025-6-24 | [近N天内] 112 | | | | | | [車位] %] | 甲位 % | [复权方式] 后复权 | | | | 159750.SZ | 港股科技50ETF | 50.15 | | 12.78 | | | 2 | 520550.SH | 港股红利低波ETF | 17.69 | | 19.86 | 32 | 不过复盘9 ...

"宁波膜智信息科技有限公司"为势银（TrendBank）唯一工商注册实体及收款账户 势银研究： 势银产业研究服务 势银数据： 势银数据产品服务 势银咨询： 势银咨询顾问服务 重要会议： 7月9日-10日，2025势银（第五届）光刻产业大会（安徽合肥） 点此报名 添加文末微信，加 光刻胶 群 润晶科技 副总经理 乔正收 确认参加 2025势银（第五届）光刻产业大会， 并作为嘉宾分享 "显示及 TGV湿电子化学品应用及挑战" 的主题报告 。 会议议程 P 中发游戏日号 第二次 演讲主题: 显示及TGV显电子化学品应用 及挑战 2025势银(第五届)光刻产业大会 扫描二维码报名 0 合肥新站利港喜来登酒店 ⊙ 2025年7月9日-10日 润晶科技 作为山东海科集团在湿电子化学品业务板块的重要布局，由镇江润晶、合肥芯 科、润晶合肥、润晶重庆四家企业组成，形成覆盖长三角与西南地区的电子材料全产业 链布局。润晶科技板块专注于半导体及新型显示领域的高纯电子化学品研发与生产，产 品线涵盖显影液（TMAH）、G5级超净试剂（双氧水、氨水、异丙醇）、刻蚀液（铜/ 银/铝/ITO）、剥离剂、复配类产品等关键制程材料，年产能突破33 ...

今日（6月25日）大数据产业方向继续活跃，截至发稿，奥飞数据、科华数据携手涨超5%，润泽科技涨 逾4%，光环新网涨超3%，热门ETF方面，专注数据科技领域的大数据产业ETF（516700）早盘活跃， 场内价格现涨1.02%，冲击日线3连阳！ 中信建投证券认为，国内第三方支付行业供给侧出清与需求侧互暖叠加，行业景气度持续提升，新技 术、新场景与新市场有望加速打开支付行业成长空间。支付（狭义）环节强调场景拓展，收单等支付服 务有望接棒终端设备形成支付企业经营业绩的全新增长点。清算与结算环节强调基础设施建设，人民币 跨境支付系统（CIPS）、货币桥等SWIFT支付体系备选方案有望迎来快速发展期，银行IT需求或将进 一步释放，第三方支付以及银行IT相关企业有望迎来全新发展机遇。 业内人士指出，政策托底+AI赋能+国产替代刚需，共同构建信创产业的"黄金三角"。AI商业化不仅为 信创提供应用场景和市场空间，更通过技术平权降低生态门槛，加速国产化从党政军向全行业渗透。当 前，金融、政务领域的信创订单已进入爆发期，叠加AI推理算力国产化机遇，建议重点关注核心硬件 （服务器/芯片）和场景化软件企业。 【数据安全为王，科技自立自 ...

Core Insights - The decline in discount rates is a key driver for the rise of the Chinese stock market and creates favorable conditions for thematic investments, with opportunities in both industrial and trading themes [1][2]. Investment Themes Overview - The article outlines ten investment themes focusing on emerging technologies, advanced manufacturing, and structural improvements, indicating a bullish outlook for China's "transformation bull market" by the second half of 2025 [2][6]. Theme 4: Low-altitude Economy and Commercial Space - China's low-altitude economy has officially entered the "manned era" with the issuance of the first operational certificates for manned civil unmanned aerial vehicles, and the market is expected to exceed 1 trillion yuan by 2026 [3][22]. - The demand for satellite launches is anticipated to rise significantly as multiple satellite constellations enter a dense networking phase, with plans to launch 15,000 satellites by the end of 2030 [3][29]. Theme 5: Deep Sea Technology - The government has emphasized deep-sea technology in its strategic goals, with the marine economy expected to exceed 10 trillion yuan in 2024, driven by rapid growth in marine engineering and equipment [4][37]. - The article recommends investments in deep-sea resource development, including offshore wind power and oil and gas extraction, as well as key deep-sea exploration equipment [4][39]. Theme 6: Self-Controlled Technology - The semiconductor sector is highlighted as a critical battleground in technology competition, with policies promoting mergers and acquisitions to deepen domestic supply chain collaboration [4][42]. - The article suggests focusing on leading semiconductor equipment and materials companies as well as domestic computing power supply chains [4][42]. Theme 7: Intelligent Driving - The penetration of advanced intelligent driving technologies is accelerating, with significant growth in the market for related components such as chips, cameras, and lidar systems [5][60]. - The article notes that the cost of related hardware is expected to decrease, further facilitating the adoption of intelligent driving solutions [5][60]. Market Dynamics - The article discusses the shift in investor sentiment towards a more optimistic view of the market, driven by a decrease in risk perception and a decline in risk-free interest rates [6][7]. - The Chinese stock market is seen as entering a historical turning point with increased liquidity and a focus on investor returns [7][10].

证券研究报告|宏观点评报告 [Table_Date] 2025 年 06 月 24 日 [Table_Title] 资产配置日报：关键的大涨 | | | 复盘与思考: 6 月 24 日，权益市场迎来关键的大涨，主要由以伊停火&稳市资金参与推动，非银和科技显著走强；债市延 续震荡上行格局，长端品种调整幅度变大。 复盘各类资产表现，股市，各大指数普涨，大盘股指中，上证指数、沪深 300、中证红利分别上涨 1.15%、 1.20%、0.32%；科技板块同样大幅走强，创业板指、科创 50 分别上涨 2.30%、1.79%，港股的恒生科技上涨 2.14%；小微盘方面，中证 1000、万得微盘股指上涨 1.92%、2.46%。债市情绪相对较弱，10 年国债活跃券收益 率小幅上行 0.6bp，30 年国债活跃券上行 1.35bp；10 年、30 年国债期货主力合约分别下跌 0.11%、0.27%。 随着以伊达成暂时停火，市场避险情绪迅速降温，原油和黄金价格大幅回调。昨夜（23 日晚到 24 日凌晨） 伊朗未进行激烈反击，市场提前交易以伊停火预期， WTI 原油和布伦特原油价格期货在凌晨之后跌幅迅速扩 大，最终分别收跌 8. ...

Core Viewpoint - The military electronics industry is experiencing significant development opportunities due to the acceleration of national defense modernization and the emphasis on self-controllable capabilities, with companies like Wangzi New Materials (002735) positioning themselves for long-term growth in this sector [1] Group 1: Company Strategy and Positioning - Wangzi New Materials is enhancing its layout in military electronics through its subsidiaries, Zhongdian Huari and Chengdu Gauss, focusing on a technology-driven industrial collaboration system [1] - Zhongdian Huari specializes in naval electronic information systems, providing customized solutions for military clients, and has established strong customer loyalty through its operational model of "sales-driven production" and "full-process tracking" [2] - Chengdu Gauss complements Zhongdian Huari by focusing on wireless communication and AI integration, with extensive experience in anti-jamming communication and RF power amplifiers, thus enriching the technical support and solution reserves for military electronics system integration [3] Group 2: Industry Trends and Growth Potential - The military electronics industry is transitioning from component-based systems to integrated platforms, with a clear trend towards intelligent collaboration, driven by the need for self-controllable and intelligent capabilities [4] - The military industry is expected to see a turning point in orders by 2025, as new technologies aimed at enhancing equipment performance and reducing costs emerge, alongside new market directions from military trade and technology transfer [4] - The recent white paper on national security emphasizes the modernization of the national security system, providing institutional support and policy expectations for the long-term development of military enterprises [5] Group 3: Future Outlook - Wangzi New Materials is strategically integrating internal resources and collaborating externally to solidify its technical foundation and expand its business boundaries in military electronics [5] - With ongoing technological upgrades and a gradually improving industrial chain, the company is expected to enhance its influence and market voice in the military electronics sector [5]

Group 1 - A-shares experienced a collective rise, with the Shanghai Composite Index closing at 3420.57 points, up 1.15%, and the Shenzhen Component Index rising 1.68% to 10217.63 points [1][5] - The trading volume in the Shanghai and Shenzhen markets reached 14146 billion, a significant increase of 2920 billion compared to the previous day [1] - Key sectors such as electric power equipment, non-bank financials, and retail saw gains exceeding 2%, with solid performance from heavyweight stocks and a notable shift towards growth styles [1][6] Group 2 - *ST Jiuyou's stock plummeted over 80% after being placed in a delisting risk warning, with a market value reduced to 1.2 billion [2][4] - The company reported a negative net asset value at the end of 2023 and received an audit report with no opinion for its 2024 annual report, triggering delisting conditions [4] - Other companies in the delisting process also experienced severe declines, with some dropping over 70% on their first day of delisting [4] Group 3 - The electric power equipment index surged by 2.85%, and non-bank financials rose by 2.68%, indicating a bullish trend in these sectors [6] - The lithium battery sector saw significant gains, with multiple companies announcing advancements in solid-state battery technology and production timelines [6] - The humanoid robot sector also rebounded, with indices related to humanoid robots and associated technologies rising over 4% [6] Group 4 - A focus on high-growth small-cap stocks with significant R&D investment is highlighted, with 36 stocks identified that have over 20% of revenue allocated to R&D and projected net profit growth rates exceeding 40% from 2025 to 2027 [8] - Notable companies include Tai En Kang, which has seen a year-to-date increase of nearly 135%, driven by a strong pipeline of self-developed drugs [8][9] - The average increase for these identified companies is close to 19% year-to-date, outperforming the broader market [8]

中京光电生产的高性能硅光电倍增器 硅光电倍增器作为核心光电转换器件，因其高灵敏度、低噪声、低功耗等显著优势，在核医疗影像、核 测控装备、高能物理研究、生物科学等前沿领域应用广泛，潜力巨大。此前，国内硅光电倍增器市场长 期被国外企业主导，实现相关核心元器件自主可控已被明确列入国家《核技术应用产业高质量发展三年 行动方案(2024-2026)》。 近日，我国高性能硅光电倍增器(SiPM)国产化取得重大突破。记者从中广核核技术发展有限公司获悉， 由其旗下中广核京师光电科技(天津)有限公司打造的高性能硅光电倍增器封装产线成功通线，并提前达 成器件良率超90%的目标，标志着国内高性能硅光电倍增器产品实现国产化，打破国外长期垄断局面。 工作人员正在光刻间操作设备 为攻克这一技术，中广核技（000881）携手北京师范大学共同设立中京光电，以完全拥有自主知识产权 的外延电阻淬灭(EQR)硅光电倍增器、位置灵敏硅光电倍增器等技术为抓手，积极推动科技成果转化。 此次产线成功通线及高良率目标的达成，有效填补了国内高性能硅光电倍增器产品的空白，为产业链安 全稳定提供了有力保障。 中京光电总经理王晓峰表示，"半导体光敏传感器量产对环境 ...

本报讯 （记者贾丽）近日，上海合见工业软件集团有限公司（以下简称"合见工软"）作为中国数字 EDA/IP（电子设计自动化以及电路模块的成熟设计）龙头企业在上海召开了"2025合见工软新产品发布 会暨技术研讨会"，正式发布了多款国产自主自研EDA以及IP产品，助力我国自研EDA和IP产品国产化 提速，并以技术创新，展示了中国EDA自主可控发展态势。 据了解，本次合见工软正式发布的五款创新产品，其中数字验证下一代硬件产品为下一代全场景验证硬 件系统；围绕国产数字仿真调试EDA的重大进展，分别是下一代全功能高性能数字仿真器、下一代全 功能高效能数字验证调试平台；全国产自主知识产权高速接口IP解决方案，包括推动智算互联的超以太 网IP解决方案以及先进工艺多协议兼容、集成化传输接口SerDes IP解决方案。 合见工软负责人表示，公司以4年近40款产品的创新速度、硬核的技术实力，赢得了客户的信任与国内 集成电路行业的广泛认可，同时引领了中国EDA企业发展与生态建设的新态势。 另外，合见工软此次发布的国产自主研发支持多协议的32G SerDes PHY解决方案，支持多家先进工 艺，成功应用于高性能计算、人工智能AI、数据 ...

Group 1 - The diversification of AI workloads is driving rapid growth in the custom chip market, with an expected market size of $94 billion by 2028 and a compound annual growth rate (CAGR) of 35% from 2023 to 2028, particularly in the custom computing and interconnect markets [1] - AI inference demand is reaching a turning point, with agent-based AI expected to be a core driver for the next phase of AI development, while computing power resources remain a major bottleneck for AI innovation, leading to significant investments in self-developed ASIC chips by major companies [1] - AI infrastructure requires synchronized innovations in computing, storage, and networking systems, with capital expenditure (capex) investments and upgrades being a definitive trend, benefiting the optical devices and modules sector due to increased demand from AI inference [1] Group 2 - The domestic computing power landscape remains robust, with breakthroughs in large model capabilities or applications expected to drive increased capex investments from major companies [1] - The theme of self-sufficiency is prevalent, with the expansion of the Ascend industrial chain's production capacity and yield improvements positively impacting the performance of related upstream and downstream companies [1] - The communication ETF tracks a communication equipment index compiled by China Securities Index Co., which selects listed companies involved in communication equipment manufacturing and related services from the A-share market, reflecting the overall performance of quality enterprises in the communication technology and network equipment sectors [1]