截至1月7日收盘，铜缆高速连接概念上涨6.98%，位居概念板块涨幅第1，板块内，35股上涨，太辰光 20%涨停，鑫科材料、得润电子等涨停，瑞可达、博创科技、显盈科技等涨幅居前，分别上涨14.64%、 13.85%、12.92%。 主力资金、资金流向、概念资金流向、热门概念、资金流出、板块资金流入、板块资金流出、流入、流 出、资金 注：本文系新闻报道，不构成投资建议，股市有风险，投资需谨慎。 今日涨跌幅居前的概念板块 资金面上看，今日铜缆高速连接概念板块获主力资金净流入7.60亿元，其中，18股获主力资金净流入， 7股主力资金净流入超5000万元，净流入资金居首的是鑫科材料，今日主力资金净流入2.71亿元，净流 入资金居前的还有太辰光、立讯精密、鼎通科技等，主力资金分别净流入2.35亿元、1.80亿元、8257.02 万元。 资金流入比率方面，得润电子、鑫科材料、鼎通科技等流入比率居前，主力资金净流入率分别为 27.30%、12.48%、10.09%。（数据宝） 铜缆高速连接概念资金流入榜 主力资金、超级复盘 ...

券中社1月7日讯，半导体芯片概念走强，多只ETF涨超4%，截至发稿，国联安科创芯片设计ETF涨 4.99%，南方中证半导体行业精选ETF涨4.73%，嘉实中证全指集成电路ETF涨4.42%，国泰中证全指集 成电路ETF涨4.18%。 校对：李凌锋 ...

白酒股低迷，皇台酒业跌超8%。 盘面上，流感概念大涨，金石亚药20%涨停，鲁抗医药、百花医药、哈药股份等多股也涨停。 稀土永磁概念走强，广晟有色涨停；光伏概念走强，禾望电气涨停。 证券时报e公司讯，A股三大指数早盘窄幅震荡，截至午间收盘，上证指数跌0.15%，深证成指涨 0.19%，创业板指涨0.41%。 疫苗、减肥药、氟化工、锂矿等板块也涨幅居前，零售、餐饮旅游、培育钻石等板块跌幅居前。 ...

十年期国债收益率 "中国十年国债利率已经跌破2%，国内流动性越来越充裕。"重阳投资表示，随着居民购房意愿减弱， 最近三年每年新增居民存款的规模已经从10万亿左右的量级升至了15—18万亿的量级。在资本账户相对 封闭的情况下，国内无风险利率的持续下行意味着大量资金需要新的投资渠道。 重阳投资指出，2024年基准性的7天逆回购利率和5年LPR利率分别下调了30bp和60bp。目前5年LPR是 3.6%，如果2025年再下调60bp，增量和存量房贷利率总体将降至2.7%左右，进一步接近租金收益率的 水平。随着基准利率的下调，长债利率也将进一步下行。如果30年国债收益率下降40bp至1.8%附近， 将打平甚至略低于全国性的租金收益率水平，也会对稳定房价起到重要作用。 "如火如荼的债券牛市下，1.7%的十年期国债利率已经让这类资产丧失了吸引力，股市中有一句话叫不 赚最后一个铜板，我想可能也适用于此刻的利率债吧。"仁桥资产总经理夏俊杰在最近的投资备忘录中 表示。 夏俊杰认为，对比国内各种类型的资产，如果用长期投资的视角，相信当前的主要矛盾应该是股票资产 的风险补偿被要求过高。无论是港股，还是A股，当前的股息率均已显著超越 ...

通信周观点： 核心数据更新：运营商数据维持稳健增长。11月三家运营商实现营业收入1705亿元，同比增长3.02%，环比增长4.86%； 完成新兴业务收入 369 亿元，同比增长 17.52%，占电信业务收入的 21.64%，环比增长 11.48%。11 月我国光模块出口 数据继续同环比增长，11 月当月同比增长 42.34%，环比增长 6.69%；1-11 月累计同比增长 65.22%。2025 年国内高速 率光模块需求起量，国内光模块供应商迎发展机遇。 投资建议与估值 建议关注中兴通讯以及光模块、服务器、交换机、交换芯片、液冷板块。 风险提示 AI 商业价值不及预期、技术发展速度不及预期、供应链集中度过高、行业监管加剧、市场竞争加剧的风险。 敬请参阅最后一页特别声明 1 1）根据《科创板日报》消息，英伟达下一代 GB300 AI 服务器正在设计，预计 2025 年第二季度发布，于第三季度开 始试产。GB300 的散热需求更强，主机板风扇使用数量更少，水冷散热需求将会更强。液冷板块近期催化明显，建议 重点关注英维克等液冷厂商。2）中兴通讯在其终端业务提出了"AI for All"的全新理念，围绕 AI 大模型 ...

①天键股份：公司目前自研的AI眼镜储备产品主要有音频、拍摄、智能交互、信息推送等功能。 ④韦尔股份：公司是全球主要的图像传感器解决方案供应商，产品线丰富。 公司图像传感器产品在小尺寸及低功耗方面的优势高度适配AR/VR包括AI眼镜等终端客户需求，此 外，公司开发的LCOS产品凭借其高解析度、外形紧凑、低功耗和低成本的特点，将为AR/VR包括AI眼 镜等新兴市场在经济适配性及方案可行性方面提供更多助力。 证券时报e公司讯，AI眼镜概念受关注，多家上市公司最新回复相关问题。 目前公司的AI眼镜产品以ODM模式为主，正广泛与客户进行接触和对接。 另外，公司携往美国CES展会的产品包括TWS耳机、OWS耳机、头戴耳机、智能音箱、AI眼镜、AR眼 镜等，为公司最新的产品。 ②欧普康视：用于矫正和改善视力的AI技术会在产品中采用，纯电子产品类的AI眼镜目前未介入，不 排除后续介入的可能性。 ③鸿利智汇：公司对AI等新技术保持高度关注，并积极探寻AI领域产业的合作机会，目前Mini LED产 品已经运用于AI交互终端VR眼镜等产品。 ⑤易天股份此前表示，公司重点关注与AI眼镜相关的AI语音芯片及电池续航的后续发展，并在相关 ...

焦点股方面，部分高位股得到短线资金抱团，电光科技10天8板2连板，东百集团7连板，顺钠股份6连 板；AI眼镜概念盘中活跃，国星光电11天6板、宝泰隆4天3板。 1月3日涨停分析今日共47股涨停，连板股总数15只，21股封板未遂，封板率为69%（不含ST股、退市 股）。 ...

Investment Rating - The report does not explicitly state an investment rating for the industry or specific companies [7]. Core Insights - The dairy industry is experiencing a decline in demand, with raw milk prices expected to stabilize by the second half of 2025 due to mild capacity reduction upstream and policy support [4]. - The yogurt market is shifting from ambient to chilled products, with significant declines in ambient yogurt sales [2]. - The snack retail sector is seeing a rise in head brands' bargaining power, with a focus on efficiency and detailed management as competition intensifies [65]. Summary by Sections Dairy Industry - Raw milk prices have decreased from 4.12 yuan/kg in January 2023 to 3.11 yuan/kg in December 2023, with a projected stabilization in 2025H2 [4]. - The dairy product output in November 2024 is expected to be 2.467 million tons, a 4% year-on-year decrease [4]. Yogurt Market - The market share of high-share ambient pure milk has decreased by 6.64%, and ambient yogurt has seen a 16% decline, while chilled yogurt has grown by 16% [2]. Snack Retail Sector - The snack retail market is projected to grow from 80.9 billion yuan in 2023 to 154.7 billion yuan by 2027, with a CAGR of 18% [65]. - The competitive landscape is shifting towards efficiency and detailed management, with a focus on optimizing product categories and increasing private labels [65]. Beverage Industry - The functional beverage segment continues to show growth potential, with significant new product launches in the ready-to-drink tea and sports drink categories [79]. - The market for sugar-free beverages is expected to reach 57.05 billion yuan in 2024, with a year-on-year growth of 42.06% [87].

Industry Focus - The electronics, mechanical equipment, and pharmaceutical industries received the highest frequency of institutional research this week [1] - The power equipment and textile industries saw increased attention [1] - The automotive parts, semiconductor, and general equipment sectors ranked top three in institutional focus [4] - The components and chemical pharmaceutical industries also gained more institutional attention [4] Company Performance - Kstar's data center business accounts for over half of its overall business, with stable growth, consistent gross margins, and strong profitability [2] - Founder Technology has mass-produced PCB products for 10G-100G-200G-400G-800G optical modules and is capable of mass-producing PCB products for 1.6T connectors and optical modules [3] - Kotech Power's generator products are widely used in communication rooms, data centers, power, and high-end manufacturing fields, with good demand for data center construction and backup power [5] Market Activity - Data center power and optical module concept stocks were active this week [2][3] - Kstar's stock closed at the daily limit on Thursday [2] - Founder Technology's stock closed at the daily limit on Thursday [3] - Kotech Power's stock closed at the daily limit on Thursday [5] Institutional Research - A total of 158 listed companies in the Shanghai and Shenzhen stock markets received institutional research this week [1] - Jereh received the most research visits, totaling 4 times [6] - Guanghe Technology, Autel, and Liande ranked top three in institutional visits, with 152, 94, and 76 visits respectively [6]

Group 1 - The F5G concept sector experienced a decline of 1.38%, ranking among the top losers in the concept sector as of the market close on December 27 [1] - Within the F5G sector, notable declines were observed in companies such as Ruisi Kanda and Cambridge Technology, while stocks like Bochuang Technology, Tongyu Communication, and Chunqiu Electronics saw increases of 4.62%, 4.48%, and 2.72% respectively [1] - The F5G sector faced a net outflow of 3.55 billion yuan in principal funds, with 25 stocks experiencing net outflows, and 12 stocks seeing outflows exceeding 100 million yuan [1] Group 2 - The company with the highest net outflow was Guangxun Technology, with a net outflow of 571 million yuan, followed by Zhongji Xuchuang and Jinxin Nuo with outflows of 538 million yuan and 513 million yuan respectively [1] - Conversely, the stocks with the highest net inflows included Chunqiu Electronics, Feiling Kesi, and Tiandi Technology, with net inflows of 28.24 million yuan, 19.48 million yuan, and 11.54 million yuan respectively [1]