根据中证指数公司数据，截至8月28日，寒武纪在半导体设备ETF（561980）所追踪标的指数的最新比 例为14.01%，成为第一大权重股。 近期A股科技行情火热，昨日市场午后V型反弹，半导体、芯片股集体大涨。寒武纪大涨15.73%，股价 创记录站上1595元远超贵州茅台，成为A股新股王。 重仓该股的半导体设备ETF（561980）昨日收涨8.40%，单日获3935万元资金净流入，最新规模超10亿 元。 寒武纪成半导体设备ETF（561980）标的指数第一大权重 除了寒武纪，前十大权重股还包括北方华创、中微公司，以及中芯国际、海光信息等股。前五大权重股 合计占比近59%，前十大权重股合计占比超78%，指数集中度较高。 | 证券代码 | 证券名称 | 权重(%) | 中证四级行业 | | --- | --- | --- | --- | | 688256 | 寒冠纪 | 14.01 | 集成电路设计 | | 688012 | 中微公司 | 13.51 | 半导体设备 | | 002371 | 北方华创 | 13.35 | 未合体设备 | | 688981 | 中芯国际 | 10.02 | 集成电路制造 | | 68 ...

国金证券主要观点如下： 量子计算，未来将至 量子计算有望打破算力瓶颈，巨头公司纷纷入局。量子计算机基础的信息单位称为量子比特，量子比特 具备量子叠加原理，n个量子比特可实现2^n的计算能力，在特定领域具备远超经典计算机的优势。谷 歌、IBM等大厂纷纷入局，持续投资量子计算，规划2030年左右将量子计算机的量子比特数提升至百万 个级别。 超导是量子计算机主流路线，主流厂商包括IBM、Google、国盾量子、本源量子。目前全球量子计算机 技术路线包括超导量子、离子阱、光量子、中性原子、半导体、拓扑量子等多个技术路线，超导技术路 线易于设备集成和扩张量子比特数量，是目前最主流的技术路线(占比36%)，代表厂商包括IBM、 Google、国盾量子、本源量子等。 智通财经APP获悉，国金证券发布研报称，在中美竞争、政策重视、股权合作综合推动下，我国量子计 算产业持续推动自主可控，产业规模有望快速扩张。核心公司订单、收入高增，印证板块景气度拐点， 看好上游核心设备需求有望持续释放，建议重点关注稀释制冷机和测控系统。 产业进入核心应用示范阶段，龙头控股权转移推动商业化进程。目前头部产品量子比特达到数百，能够 满足某些场景应 ...

A股三大股指开盘涨跌不一，沪指跌0.02%，创业板指涨0.03%。盘面上，保险、贵金属、房地产、脑机 接口、白酒等板块涨幅居前。 东方证券：短期股指确实仍有潜力走高，"高低切"或将是近期市场主要投资思路 机构看后市 长江证券：货币和财政支持政策或仍在路上，在基本面缓慢回升中预计股市走牛 华安证券：市场惯性强劲、韧性十足，聚焦弹性最大的成长科技和业绩支撑主线 华安证券表示，市场交投情绪火热，风险偏好持续高涨，同时算力股业绩亮眼、估值便宜导致抱团行为 持续深化，多只权重股延续强势大涨，带动科创、创业板指大涨。配置思路上，牛市氛围中首重上涨弹 性。上涨弹性通常被三种情形激发，一是成长科技具备天然高弹性，二是有业绩支撑的板块容易凝聚资 金共识，三是有催化剂的板块。 长江证券表示，展望后市，继续看多中国股市。维持2025年度策略报告《源头活水——2025年A股年度 投资策略》观点，货币和财政支持政策或仍在路上，历史经验显示，国内政策发力或能助力股市抵御外 部风险和波动。在基本面缓慢回升中预计股市走牛，可追溯1999年、2014年和2019年的牛市经验。 配置方向上，1)关注在"慢牛"行情中，关注价值方向的非银板块；2) ...

中银证券近日发布化工行业周报：本周（08.18-08.24）均价跟踪的100个化工品种中， 共有36个品种价格上涨，32个品种价格下跌，32个品种价格稳定。跟踪的产品中47%的产品 月均价环比上涨，47%的产品月均价环比下跌6%的产品月均价环比持平。本周国际油价上 涨，WTI原油期货价格收于63.66美元/桶，收盘价周涨幅1.37%布伦特原油期货价格收于 67.73美元/桶，收盘价周涨幅2.85%。 以下为研究报告摘要： 八月份建议关注：1、中报行情；2、"反内卷"对相关子行业供给端影响；3、自主可控 日益关键背景下的电子材料公司；4、分红派息政策稳健的能源企业等。 行业动态 本周（08.18-08.24）均价跟踪的100个化工品种中，共有36个品种价格上涨，32个品种 价格下跌，32个品种价格稳定。跟踪的产品中47%的产品月均价环比上涨，47%的产品月均 价环比下跌6%的产品月均价环比持平。周均价涨幅居前的品种分别是硝酸（华东地区）、 硫磺（CFR中国现货价）、PTA（华东）、DMF（华东）、环氧氯丙烷（华东）；周均价跌 幅居前的品种分别是甲基环硅氧烷、甲乙酮（华东）、棉短绒（华东）、NYMEX天然气、 T ...

国金证券近日发布机械行业研究：根据光子盒，全球量子计算产业规模有望从2024年 50.4亿美元提升至2030年的2199.8亿美元，期间CAGR达87.64%。2025年1月国盾量子大股东 从科大控股变更为中电信量子集团，将打通量子计算硬件和商业化之间的链条，国内量子计 算商业化有望提速。 以下为研究报告摘要： 量子计算，未来将至 量子计算有望打破算力瓶颈，巨头公司纷纷入局。量子计算机基础的信息单位称为量子 比特，量子比特具备量子叠加原理，n个量子比特可实现2^n的计算能力，在特定领域具备远 超经典计算机的优势。谷歌、IBM等大厂纷纷入局，持续投资量子计算，规划2030年左右将 量子计算机的量子比特数提升至百万个级别。 超导是量子计算机主流路线，主流厂商包括IBM、Google、国盾量子、本源量子。目前 全球量子计算机技术路线包括超导量子、离子阱、光量子、中性原子、半导体、拓扑量子等 多个技术路线，超导技术路线易于设备集成和扩张量子比特数量，是目前最主流的技术路线 （占比36%），代表厂商包括IBM、Google、国盾量子、本源量子等。 量子计算成为中美必争之地，自主可控正当时 产业进入核心应用示范阶段，龙头 ...

Investment Rating - The report rates the chemical industry as "Outperforming the Market" [2] Core Views - The report highlights the impact of rising international oil prices and the decline in prices of MDI and TDI, suggesting a focus on mid-year earnings reports and the influence of "anti-involution" on supply in related sub-industries [2][9] - It emphasizes the importance of self-sufficiency in electronic materials companies and recommends stable dividend-paying energy enterprises [2][9] - The report identifies potential investment opportunities in upstream oil and gas sectors, new materials, and emerging fields such as pharmaceuticals and renewable energy [2][9] Summary by Sections Industry Dynamics - As of August 24, the TTM price-to-earnings ratio for the SW basic chemical sector is 25.73, at the 82.13 percentile historically, while the price-to-book ratio is 2.20, at the 52.14 percentile [2][9] - The SW oil and petrochemical sector has a TTM price-to-earnings ratio of 11.45, at the 24.37 percentile historically, and a price-to-book ratio of 1.17, at the 23.56 percentile [2][9] Investment Recommendations - The report suggests focusing on mid-year earnings, the impact of "anti-involution" on supply, self-sufficiency in electronic materials, and stable dividend policies in energy companies [2][9] - Long-term investment themes include the sustained high oil prices, the ongoing high demand in oil and gas exploration, and the rapid development of downstream industries, particularly in new materials [2][9] - Recommended companies include China Petroleum, China National Offshore Oil Corporation, China Petrochemical Corporation, and several others in the new materials sector [2][9] Price Changes and Market Performance - In the week of August 18-24, 36 chemical products saw price increases, while 32 experienced declines, and 32 remained stable [8] - The average price of WTI crude oil was $63.66 per barrel, with a weekly increase of 1.37%, while Brent crude oil was $67.73 per barrel, with a weekly increase of 2.85% [8][9] - The report notes a decline in the prices of MDI and TDI, with MDI averaging 15,450 yuan/ton, down 1.59% from the previous week, and TDI averaging 15,288 yuan/ton, down 3.43% [2][9]

Core Insights - The A-share market experienced a day of sideways fluctuations, with the Shanghai Composite Index closing higher, indicating a "slow bull" trend despite increased volatility [5][9] - The technology sector outperformed, particularly in telecommunications and electronics, with significant gains observed [5][9] Market Performance - The Shanghai Composite Index rose by 1.14%, the Shenzhen Component increased by 2.25%, and the ChiNext Index surged by 3.82% [9] - The total market turnover was approximately 3.00 trillion yuan [9] Sector Performance - On August 28, 2025, leading sectors included telecommunications (+7.21%), electronics (+5.27%), non-metallic materials (+2.19%), and national defense industry (+2.02%) [9] - Underperforming sectors included coal (-0.85%), agricultural products (-0.54%), and food and beverage (-0.39%) [9] Conceptual Trends - The report highlighted the strong performance of the semiconductor industry chain, driven by explosive demand for AI infrastructure [9] - Key areas of focus include AI computing hardware, innovative pharmaceuticals in Hong Kong, and self-sufficient sectors such as chips and military industry [9] Future Outlook - The report maintains a bullish outlook on the Chinese stock market, anticipating continued monetary and fiscal support [9] - Historical patterns from previous bull markets in 1999, 2014, and 2019 suggest a potential for market resilience against external risks [9] Investment Strategy - Suggested investment directions include focusing on non-bank sectors in a "slow bull" market, AI computing, and sectors benefiting from improved supply-demand dynamics such as metals, transportation, chemicals, lithium batteries, and photovoltaics [9]

自去年9月中旬来，中芯国际AH股均表现不俗。年初迄今，股价分别累计涨26%、95.91%。 | 代码 | 名称 | | 最新价 | 涨跌额 | 涨跌幅 | 总市值 | 年初至今涨跌幅 | | --- | --- | --- | --- | --- | --- | --- | --- | | 688981 | 中芯国际 | の | 119.22 | +17.71 | 17.45% | 9521.29亿 | 26.00% | | 00981 | 中芯国际 | | 62.300 | +6.050 | 10.76% | 4975.48亿 | 95.91% | 营收增长23.1% 财报显示，中芯国际上半年营收323.48亿元人民币，同比增长23.1%；实现归母净利润23亿元，同比增 长39.8%。 息税折旧及摊销前利润174.18亿元，同比增长26.5%。基本每股收益0.04美元，同比增长33.3%。 上半年，核心经营指标全面改善。 8月28日，A股"芯片一哥"中芯国际交出一份亮眼的半年成绩单。 公司上半年营收同比增长22%，净利润同比增长35.6%。 今日收盘，中芯国际H股收涨超10%报62.3港元；A股大涨超17% ...

据证券之星公开数据整理，近期科远智慧(002380)发布2025年中报。截至本报告期末，公司营业总收入 9.8亿元，同比上升21.78%，归母净利润1.36亿元，同比上升23.09%。按单季度数据看，第二季度营业 总收入5.6亿元，同比上升27.79%，第二季度归母净利润7490.97万元，同比上升10.92%。本报告期科远 智慧公司应收账款体量较大，当期应收账款占最新年报归母净利润比达306.8%。 本次财报公布的各项数据指标表现尚佳。其中，毛利率39.15%，同比减2.45%，净利率13.96%，同比增 0.1%，销售费用、管理费用、财务费用总计1.46亿元，三费占营收比14.88%，同比减9.0%，每股净资产 9.81元，同比增12.85%，每股经营性现金流-0.07元，同比增39.74%，每股收益0.57元，同比增23.1% | 项目 | 2024年中报 | 2025年中报 | 同比增幅 | | --- | --- | --- | --- | | 营业总收入(元) | 8.05亿 | 9.8亿 | 21.78% | | 归母净利润(元) | 1.1亿 | 1.36/Z | 23.09% | | 扣非净 ...

Group 1 - The core viewpoint of the article is that Cambricon has made optimistic revenue forecasts for 2025, expecting to achieve an annual revenue of 5 billion to 7 billion yuan, while also addressing market speculation about its operations [1][2] - Cambricon's stock price reached a new high, closing at 1587.91 yuan, with a daily increase of 15.73%, surpassing Kweichow Moutai to become the new "king" of A-shares [2] - The company reported a significant increase in revenue for the first half of the year, with a revenue of 2.881 billion yuan, a year-on-year growth of 4347.82%, and a net profit of 1.038 billion yuan, reversing a loss from the previous year [2] Group 2 - Cambricon operates under a Fabless model, relying on various suppliers, and faces potential risks to its supply chain stability due to being listed on the "entity list" [2] - The company’s rolling price-to-earnings ratio is significantly higher than the industry average, with a current ratio of 5117.75 compared to the software and information technology services industry average of 88.97 [2] - The rise of domestic chip design and innovation is supported by recent developments in AI and the semiconductor industry, indicating a positive outlook for domestic manufacturers [5]