2025.11. 17 本文字数：1310，阅读时长大约2分钟 作者 | 一财 阿驴 11:31 A股午盘丨创业板指半日跌0.8% 截至午盘，沪指跌0.43%，深成指跌0.35%，创业板指跌0.8%。 沪深两市半日成交额1.27万亿，较上个交易日放量329亿。全市场超2900只个股下跌。 10:49 碳酸锂期货主力合约涨超7%，现报93600元/吨。 10:40 沪深两市成交额突破1万亿，较上一日此时放量近200亿。 10:34 国债期货涨幅扩大，30年期主力合约涨0.43%，10年期主力合约涨0.09%，5年期主力合约涨 0.04%，2年期主力合约涨0.03%。 | 名称 | 最新 涨幅� | 涨跌 | | --- | --- | --- | | 三十年国债主连 | 116.57 +0.43% +0.50 | | | 十年国债主连 | 108.490 +0.09% +0.100 | | | 五年国债主连 | 105.895 +0.04% +0.045 | | | 二年国债主连 | 102.474 +0.03% +0.028 | | 10:01 集运指数欧线期货主力合约涨超8%，报1747点。 09:47 存 ...

以存储芯片龙头股德明利为例，三季报显示共有73只基金对其持仓，较半年报减少84只，合计持有 1353.19万股（Wind季报基金持仓统计为不完全统计），持股比例为8.44%。其中，易方达供给改革、 广发科技创新C和广发中小盘精选C的持仓数量均超过100万股。 另一只个股东芯股份，自今年7月底启动上涨以来，于9月初创下了历史高点136元，随后进入调整。截 至11月14日，该股收盘报93.5元/股，市值413.5亿元。三季报披露，东芯股份的持仓基金包含嘉实基 金、南方基金、华夏基金、国联安基金、鹏华基金等，累计有34个基金产品持仓。 9月初起势的江波龙，则持续展示强势姿态，上周创下331.50元的历史高价。三季报显示，该公司2025 年前三季度实现营业收入167.34亿元，同比增长26.12%；实现归母净利润7.13亿元，同比增长27.95%。 截至三季度末，共有44只基金重仓持有江波龙，总持股数量为559.28万股，其中德邦半导体产业重仓最 多，为120万股。截至11月14日，该基金年内收益率达到76.77%。 由于存储芯片大热，聚辰股份也在11月成为公募基金调研的重点对象之一。根据三季报披露，持有该股 的公募 ...

Market Overview - The Asia-Pacific stock markets mostly declined, with the Nikkei 225 index down 1.77% to 50,376.53 points, and the South Korean index falling 3.81% to 4,011.57 points [1] - European stocks opened lower, with the UK FTSE 100 and Italy's FTSE MIB indices dropping over 1% [1] - A-shares showed initial strength but weakened in the afternoon, with the Shanghai Composite Index closing down nearly 1% below the 4,000-point mark [1][3] A-Shares Performance - The Shanghai Composite Index closed down 0.97% at 3,990.49 points, while the Shenzhen Component Index fell 1.93% to 13,216.03 points [3] - The ChiNext Index dropped 2.82% to 3,111.51 points, and the STAR 50 Index fell 2.72% [3] - The total trading volume in the Shanghai and Shenzhen markets was 19,806 billion yuan, a decrease of 853 billion yuan from the previous day [3] Sector Performance - Over 3,300 stocks in the market were in the red, with the semiconductor sector experiencing significant declines, particularly in storage chip concepts, where stocks like Bawei Storage and Jiangbolong fell over 10% [3][13] - Conversely, the gas and oil sectors saw strong gains, with stocks like Shouhua Gas and Heshun Oil hitting the daily limit [3][9] - The pharmaceutical sector was notably active, with stocks such as Chengda Pharmaceutical and Kangzhi Pharmaceutical reaching the daily limit of 20% [6][8] Pharmaceutical Sector Insights - The pharmaceutical sector has been supported by favorable policies since 2020, promoting a shift from generic to innovative drugs [6] - Citic Securities forecasts a positive investment trend in the pharmaceutical industry through 2026, driven by supportive policies and a return to a market pricing system based on clinical value [8] Gas and Coal Sector Performance - The gas sector saw significant gains, with stocks like Guo Xin Energy and Jingneng Thermal Power hitting the daily limit [9][10] - The coal sector also performed well, with companies like Yunmei Energy and Anyi Group reaching their daily limits [10] Storage Chip Sector Decline - The storage chip sector experienced a sharp decline, with major players like Bawei Storage and Jiangbolong dropping over 10% [13] - Concerns about the global supply-demand imbalance in the storage chip market were exacerbated by poor earnings reports from companies like Kioxia, which reported a 60% drop in net profit [15]

下跌方面，算力硬件方向集体回调，存储芯片概念重挫，佰维存储跌超10%；CPO概念震荡调整，"易中天"光模块三巨头走弱。 凤凰网财经讯 11月14日，市场全天震荡调整，沪指跌近1%，创业板指跌近3%。 沪深两市成交额1.96万亿，较上一个交易日缩量839亿。截至收盘，沪指跌0.97%，深成指跌1.93%，创业板指跌2.82%。 板块方面，海南、燃气、医药、福建等板块涨幅居前，存储芯片、CPO等板块跌幅居前。 盘面上，市场热点较为杂乱，全市场超3300只个股下跌。从板块来看，锂电板块延续强势，孚日股份7连板，石大胜华3连板。福建板块逆势爆发，平潭发 展、海峡环保涨停。燃气板块逆势走强，首华燃气20cm涨停。流感概念股反复活跃，金迪克5天3板，众生药业3天2板。海南板块表现活跃，海南矿业涨 停。 封板 70 触及 29 昨涨停今表现 1.85% 高开率 58% 获利率 涨停表现 封板率 71.00% ...

11月13日，A股三大指数集体上涨，沪指午后走强，刷新十年新高，盘中最高涨至4030.40点。截至收盘，上证指数报4029.50点，涨0.73%；深证成指报 13476.52点，涨1.78%；创业板指报3201.75点，涨2.55%。沪深北三市全天成交20657亿元，较上个交易日放量1009亿元。 盘面上，全市场超3900只个股上涨，逾百股涨停。锂电池产业链全天表现强势，龙头股宁德时代涨超7%，华盛锂电、天赐材料、多氟多等20余只个股涨 停；存储芯片概念反复活跃，佰维存储涨超10%；大消费板块午后走强，三元股份4连板。 午后，大消费板块再度活跃，零售、食品饮料、服装等方向涨幅居前，步步高午后直线拉升封板。截至收盘，九牧王、海欣食品、真爱美家、东百集团、 祥源文旅涨停。 | < V | | 食品饮料 | | | | () E | | --- | --- | --- | --- | --- | --- | --- | | | | 31655.58 1.00% | | | | | | 分时 | 王日 | 日 K | 周Ｋ | 月Ｋ | | 更多,◎ | | 成份股 | | 股 | | | 资讯 | | | 名称 | ...

Group 1 - The storage chip sector has seen significant activity, with companies like Baiwei Storage rising over 18% and reaching historical highs, while other firms like ShenGong and Zhaoyi Innovation also experienced notable gains [1] - Major storage manufacturers, including Samsung, SK Hynix, Kioxia, and Micron, are reducing NAND flash supply in the second half of the year and are planning to increase prices by 20% to 30% [1] - The storage market is currently undergoing a significant price increase cycle driven by explosive growth in enterprise storage demand due to AI applications and a structural supply tightness in traditional storage products [1] Group 2 - If AI demand remains strong and supply does not effectively expand, the tight supply-demand situation in the storage market may persist into 2026, maintaining high industry prosperity [2] - The ongoing price increases in storage are expected to create cyclical investment opportunities, with a focus on storage and computing demand sectors [2] - To meet the growing storage demand, manufacturers may increase capital expenditures, which could boost demand for semiconductor equipment, particularly in critical areas like etching and deposition [2]

Core Viewpoint - The storage chip sector is experiencing a strong performance, driven by significant price increases from leading manufacturers, particularly in response to the growing demand from artificial intelligence technologies [1][2][3] Group 1: Market Performance - Baiwei Storage saw a surge of over 15%, reaching a stock price of 145.18 yuan per share, with a trading volume of nearly 2.8 billion yuan [1][2] - Other companies in the sector, such as Zhaoyi Innovation and Microguide Nano, also experienced gains exceeding 7% [1][2] - The overall market sentiment is positive, with several stocks in the storage sector showing substantial increases [1][2] Group 2: Price Increases - SanDisk, a leading overseas storage manufacturer, announced a price increase of up to 50% for flash memory contracts, which has garnered significant attention in the industry [2] - This price adjustment is part of a broader trend where major storage manufacturers have raised product prices multiple times throughout the year [3] Group 3: Demand Drivers - The rapid development of artificial intelligence technology is identified as the fundamental driver behind the soaring demand for storage products [3] - AI servers and terminal products are placing higher requirements on the quantity and performance of storage devices, leading to a "super cycle" in the storage industry [3] - The demand for high-end storage products is experiencing explosive growth due to the specific needs for speed, capacity, and power consumption driven by AI advancements [3]

Group 1 - The storage chip sector showed strong performance, with stocks like Baiwei Storage rising over 15% to 145.18 CNY per share, reaching a new high and a trading volume of nearly 2.8 billion CNY [1][2] - Major companies in the sector, including Zhaoyi Innovation and Microguide Nano, also saw significant increases, with Zhaoyi Innovation up 7.36% and Microguide Nano up 7.24% [2] - SanDisk, a leading overseas storage manufacturer, announced a price increase of up to 50% for flash memory contracts, drawing widespread attention in the industry [2] Group 2 - The rapid development of AI technology is driving a surge in demand for storage products, as AI servers and terminal products require higher quantities and performance from storage devices [3] - The current price increases in storage products are attributed to the growing demand for high-end storage solutions, which are essential for meeting the speed, capacity, and power consumption requirements of AI applications [3]

Market Overview - A-shares experienced a rebound after a dip, with the Shanghai Composite Index closing at 4000.14 points, down 0.07%, while the Shenzhen Component Index and the ChiNext Index fell by 0.36% and 0.39% respectively [1] - The total trading volume in the Shanghai and Shenzhen markets was 19.65 billion yuan, a decrease of nearly 500 million yuan from the previous day [1] Sector Performance Banking and Insurance - The banking and insurance sectors saw significant gains, with China Life Insurance rising nearly 4% and Agricultural Bank of China increasing over 3% to reach a historical high [7][8] - Analysts from CITIC Securities noted that the economic recovery is injecting new growth momentum into the financial sector, particularly in insurance, where low interest rates and regulatory guidance are driving demand for insurance products [7] - The banking sector is expected to continue benefiting from high dividend strategies, with long-term capital inflows from insurance funds and public funds [8] Semiconductor and Storage Chips - The storage chip sector remained active, with companies like Xiangnan Chip and Demingli seeing increases of over 10% and 6% respectively [5] - Global supply chain issues in the storage chip market have led to significant price increases, with SanDisk raising NAND flash contract prices by 50% in November [5] - Analysts predict that the storage chip price surge will continue through 2026, driven by increased demand and limited supply, marking the beginning of a "super cycle" [5] Pharmaceutical Sector - The pharmaceutical sector, particularly innovative drugs and immunotherapy concepts, saw strong performance, with companies like Kaineng Health and Sanmian Gene hitting their daily price limits [10] - Analysts highlighted the long-term positive trend in China's innovative drug industry, with expectations for increased international competitiveness and collaboration opportunities [12] Solar Industry - The solar industry faced a significant downturn, with major companies like Aters and Longi Green Energy experiencing declines of over 14% and 6% respectively [14] - The China Photovoltaic Industry Association issued a statement refuting rumors that negatively impacted the sector, emphasizing the need for careful decision-making [14]

Core Viewpoint - The stock price of Shen Gong Co., Ltd. (688233.SH) has surged significantly, with a 53% increase over four trading days, driven by a price hike in NAND flash memory by SanDisk, which has created a favorable market environment for storage chip-related stocks [1][8][9]. Stock Performance - Shen Gong's stock price rose from 48.08 CNY per share to 73.43 CNY per share between November 6 and November 11, marking a cumulative increase of approximately 53% [1][6]. - The stock experienced consecutive 20% daily limits on November 10 and 11, with trading volumes reaching 16.47 billion CNY, the highest since September 26, 2025 [3][4]. Company Overview - Shen Gong is one of the few domestic companies capable of producing 8-inch lightly doped polished silicon wafers, transitioning into a "materials + components" company rooted in the Chinese market [2][14]. - The company specializes in the research, production, and sales of large-diameter silicon materials, silicon components, and semiconductor large-size silicon wafers, playing a crucial role in the semiconductor materials supply chain [11][12]. Financial Performance - In the first three quarters of 2025, Shen Gong reported revenues exceeding 3 billion CNY, a year-on-year increase of nearly 48%, and a net profit of 71.17 million CNY, representing a growth of approximately 160% [2][13]. - The company has shown a strong recovery in its operating performance, with a significant turnaround from a revenue of 1.35 billion CNY in 2023 to 3.03 billion CNY in 2024 [12][13]. Market Dynamics - The demand for storage chips has surged, positively impacting related stocks in the A-share market, including Shen Gong, which supplies core consumables to storage chip manufacturers [9][10]. - The increase in SanDisk's NAND flash contract prices by 50% has stimulated market interest in storage chip-related stocks, benefiting Shen Gong despite it not being a direct storage chip manufacturer [8][9]. Strategic Positioning - Shen Gong's core advantage lies in its silicon component business, which is crucial for plasma etching processes in storage chip manufacturing, with a high replacement frequency linked to production line utilization [9][11]. - The company aims to change its cyclical performance characteristics through the integration of self-produced materials and components, enhancing its growth potential [15].