Market Performance - On June 18, 2025, the Shanghai Composite Index rose by 0.04%, Shenzhen Component Index by 0.24%, and ChiNext Index by 0.23%[3] - The total market turnover was 1,190.93 billion CNY, a decrease of 16.15 billion CNY from the previous trading day[3] - A total of 1,842 stocks rose while 3,510 stocks fell across the market[3] Sector and Style Analysis - Among the 30 CITIC first-level industries, the electronics sector led with a gain of 1.51%, followed by communications at 1.22% and defense at 0.96%[21] - The worst-performing sectors included comprehensive finance at -1.88%, real estate at -1.31%, and light industry manufacturing at -1.17%[21] - Growth stocks outperformed value stocks, with large-cap growth leading the performance rankings[21] Capital Flow - On June 18, 2025, the net outflow of main funds was 22.879 billion CNY, with large orders contributing to a net outflow of 13.494 billion CNY[4] - Small orders saw a continuous net inflow of 24.010 billion CNY, indicating retail investor interest[4] ETF Trading Activity - Major ETFs such as the Huatai-PB CSI 300 ETF and the China Southern CSI 500 ETF saw significant decreases in trading volume, with changes of -3.95 billion CNY and -4.27 billion CNY respectively[30] - The Kexin 50 ETF experienced a net inflow of 1.913 billion CNY on June 17, indicating a shift in investor focus towards technology sectors[30] Global Market Trends - On June 18, 2025, major Asia-Pacific indices showed mixed results, with the Hang Seng Index down 1.12% and the Nikkei 225 up 0.90%[5] - U.S. markets also experienced declines, with the Dow Jones Industrial Average falling by 0.70% and the S&P 500 by 0.84%[5]

证券时报·数据宝统计显示，科创板股今日上涨的有310只，下跌的有266只，以收盘价为基准测算，科 创板平均股价为29.94元，其中，收盘价超过100元的有39只，股价在50元至100元之间的有98只，股价 在30元至50元的有153只。 科创板股中，收盘价最高的是寒武纪，今日报收583.91元，上涨1.85%，其次是惠泰医疗、恒玄科技 等，最新收盘价分别为401.66元、374.00元。 科创板百元股中，今日平均上涨1.19%，具体来看，今日上涨的有26只，涨幅居前的有影石创新、源杰 科技、拓荆科技等。下跌的有13只，跌幅居前的有财富趋势、佰仁医疗、奕瑞科技等。 以最新收盘价计算，科创板平均股价为29.94元，其中股价超100元的有39只，股价最高的是寒武纪。 （文章来源：证券时报网） 资金流向方面，科创板百元股今日主力资金合计净流入1.48亿元，净流入资金居前的有寒武纪、影石创 新、源杰科技等，净流入资金分别为10221.47万元、10113.41万元、7558.50万元；净流出资金居前的有 海光信息、财富趋势、国盾量子等，净流出资金分别为8941.46万元、3986.88万元、3653.85万元。 融资融 ...

科创50指数今日下跌0.80%，报收963.08点，科创板全日成交量26.14亿股，成交额856.04亿元，加权平 均换手率为1.52%。 证券时报·数据宝统计显示，今日可交易科创板股中，237只股收盘上涨，涨幅在5%至10%的有7只，收 盘下跌的有346只，跌幅超10%的有2只。 科创板股换手率区间分布显示，换手率超过20%的有3只，换手率10%~20%的有10只，换手率5%~10% 的37只，换手率3%~5%的77只，换手率1%~3%的279只，换手率不足1%的有182只。 换手率最高的是金橙子，该股今日收盘上涨0.68%，全天换手率50.45%，成交额5.62亿元，其次是信宇 人，该股今日收盘下跌0.08%，全天换手率31.87%，成交额4.48亿元，换手率居前的还有海正生材、航 天南湖、青云科技等，换手率分别为22.73%、18.34%、15.01%。 统计显示，换手率超5%的高换手率个股中，影石创新为上市5日内的新股。 市场表现看，换手率超5%的个股中，今日上涨的有23只，涨幅居前的有艾为电子、先惠技术、联赢激 光等，分别上涨6.58%、6.25%、4.81%。跌幅居前的有科兴制药、中邮科技、华纳药 ...

科创50指数今日下跌0.21%，报收970.89点，科创板全日成交量25.88亿股，成交额877.34亿元，加权平 均换手率为1.51%。 证券时报·数据宝统计显示，今日可交易科创板股中，399只股收盘上涨，涨幅超过10%的有6只，其 中，富吉瑞、海正生材、金橙子等3股涨停，涨幅在5%至10%的有22只，收盘下跌的有180只。 科创板股换手率区间分布显示，换手率超过20%的有4只，换手率10%~20%的有6只，换手率5%~10%的 36只，换手率3%~5%的70只，换手率1%~3%的307只，换手率不足1%的有165只。 688392 骄成超声 56.60 11.37 5.14 -1427.61 换手率最高的是信宇人，该股今日收盘上涨8.84%，全天换手率31.85%，成交额4.19亿元，其次是金橙 子，该股今日收盘涨停，全天换手率29.23%，成交额3.15亿元，该股今日收盘上涨19.99%，全天换手率 29.23%，成交额3.15亿元，换手率居前的还有青云科技、航天南湖、海正生材等，换手率分别为 24.11%、23.05%、16.33%。 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。 统计 ...

Core Insights - The Sci-Tech Innovation Board (STAR Market) has evolved from a reform "testbed" to a highland for technological innovation, with a focus on six strategic emerging industries, achieving a total of 588 listed companies and a market capitalization exceeding 6.8 trillion yuan by June 2025 [1][2] Industry Overview - The STAR Market is particularly concentrated in the integrated circuit and pharmaceutical sectors, with 119 and 113 listed companies respectively, making it a major listing venue globally outside the US and Hong Kong [2] - The introduction of the "Eight Measures" has further stimulated resource allocation and industrial vitality in these sectors [2] Company Performance - Union Medical (688271.SH) raised 10.988 billion yuan during its IPO in August 2022, using the funds to enhance global expansion and production capacity for high-end medical imaging equipment [3] - The capital raised has significantly supported Union Medical in achieving breakthroughs in core technologies and establishing a complete self-research system for key components [3][4] - Aibo Medical (688050.SH) has experienced continuous revenue and net profit growth since its listing in 2020, with a compound annual growth rate of 39.56% in R&D investment from 2022 to 2024 [5][6] Market Dynamics - The STAR Market has become a key driver of domestic pharmaceutical innovation, with 33 globally new Class 1 drugs launched by STAR-listed companies since 2018, accounting for approximately 14% of all domestic Class 1 drugs approved during the same period [7] - In the integrated circuit sector, STAR-listed companies achieved a combined revenue of 72.182 billion yuan in Q1 2025, representing a 24% year-on-year increase, and a net profit of 4.479 billion yuan, up 73% [7][8] Strategic Developments - Companies like Longxin Zhongke (688047.SH) have accelerated their R&D iterations post-listing, increasing their annual new chip releases from 1-2 to 4-5 [8][9] - The ongoing push for domestic chip production is creating rapid development opportunities for chip companies, with significant growth in revenue and profitability observed [9][10] M&A Activity - The STAR Market encourages mergers and acquisitions as a means for companies to achieve external growth, with several notable cases emerging in 2023 [10][11] - Companies are actively seeking M&A opportunities to enhance their technological capabilities and market presence, with a focus on strategic alignment and operational synergy [11][12]

Group 1 - The National New Office will hold a press conference to introduce the national economic operation situation for May 2025 [1] - The National Bureau of Statistics will release the housing price data for 70 large and medium-sized cities for May 2025 [2] - The Shanghai Stock Exchange and China Securities Index Co., Ltd. will announce the launch of the SSE 580 Index, which reflects the overall performance of small-cap listed companies [3] Group 2 - A total of 12 companies will have their restricted shares unlocked today, with a total unlock volume of 1.399 billion shares, amounting to a market value of 11.203 billion yuan [4] - Five companies have disclosed stock repurchase progress, with two companies reporting the highest repurchase amounts [5]

Core Viewpoint - The article reviews the achievements and milestones of the Sci-Tech Innovation Board (STAR Market) since its establishment, highlighting fifteen significant "firsts" as of June 13, 2025, including the number of listed companies, market capitalization, and the dominance of strategic emerging industries such as new-generation information technology, biomedicine, and high-end equipment manufacturing, which account for over 80% of the total [1]. Group 1: First Companies and Milestones - The first company to transfer from the Beijing Stock Exchange to the STAR Market is Guandian Defense Technology Co., Ltd., which listed on May 25, 2022, after experiencing a significant decline in revenue and net profit in 2024 [2]. - The first loss-making company to list on the STAR Market is Suzhou Zejing Biopharmaceutical Co., Ltd., which went public on January 23, 2020, and reported continuous losses since its inception, with a net profit of -1.38 billion in 2024 [3][4]. - The first STAR Market company to be acquired by another listed company is Jiangsu Haooubo Biopharmaceutical Co., Ltd., which was announced in October 2024, with a total acquisition price of 630 million [5][6]. Group 2: Notable Events and Achievements - The first company to be delisted from the STAR Market is Guangdong Zijing Information Storage Technology Co., Ltd., which faced severe penalties for financial fraud and was officially delisted on May 31, 2023 [7][8][9]. - The first company to adopt a dual-class share structure on the STAR Market is UCloud Technology Co., Ltd., which listed on January 20, 2020, allowing its founders to maintain significant control over the company [10][11]. - The first major asset restructuring project approved for a STAR Market company is Suzhou Huaxing Yuan Chuang Technology Co., Ltd., which received approval for its acquisition of Suzhou Oulitong Automation Technology Co., Ltd. on June 12, 2020 [12][13]. Group 3: Financial Performance and Rankings - The highest market capitalization on the STAR Market is held by Semiconductor Manufacturing International Corporation (SMIC), with a total market value of 661.2 billion as of June 13, 2025 [21]. - The company with the highest revenue in 2024 is JinkoSolar Holding Co., Ltd., achieving 92.471 billion in revenue, despite a 22.08% decline year-on-year [22]. - The highest net profit excluding non-recurring items in 2024 is reported by Transsion Holdings Co., Ltd., with a net profit of 4.541 billion, down 11.54% from the previous year [23][24]. Group 4: Employment and Regional Distribution - The company with the largest number of employees as of the end of 2024 is JinkoSolar Holding Co., Ltd., with 33,809 employees, reflecting a significant reduction of 41.07% from the previous year [25]. - The province with the most STAR Market listed companies is Jiangsu, which has 113 companies, accounting for 19.22% of the total, primarily concentrated in cities like Suzhou, Nanjing, and Wuxi [26].

Market Overview - The Sci-Tech Innovation 50 Index opened lower on June 11, reaching a closing value of 980.93 points, with a decline of 0.20% and a trading range of 1.00% [1] - The total trading volume for the day was approximately 21.33 billion yuan [1] Stock Performance - A total of 326 stocks on the Sci-Tech Innovation Board experienced gains, while high-priced stocks mostly declined and low-priced stocks performed better [2] - Excluding newly listed N Yingshi, the average decline for 587 stocks on the Sci-Tech Innovation Board was 0.28%, with an average turnover rate of 2.01% and a total trading volume of 79.47 billion yuan [3] Notable Stock Movements - N Yingshi officially listed on the Sci-Tech Innovation Board, with a total issuance of 41 million shares at a price of 47.27 yuan per share, resulting in a fundraising amount of 1.938 billion yuan [2] - N Yingshi's stock opened with a significant increase of 285.02%, closing with a rise of 274.4%, and a total trading volume of 21.29 million shares, with a turnover rate of 69.80% [2] - Among other stocks, Jiuri New Materials led with a gain of 15.05%, while Xinyu Ren experienced the largest decline at 9.68% [4] Trading Volume and Turnover Rates - Excluding N Yingshi, Haiguang Information had the highest trading volume at 4.37 billion yuan, while Qinchuan Wulian had the lowest at 6.82 million yuan [4] - The highest turnover rate, excluding N Yingshi, was 27.55% for Xinyu Ren, while Longteng Optoelectronics had the lowest at 0.13% [4]

以最新收盘价计算，科创板平均股价为30.41元，其中股价超100元的有38只，股价最高的是寒武纪。 | 代码 | 简称 | 最新收盘价（元） | 今日涨跌（%） | 换手率（%） | 行业 | | --- | --- | --- | --- | --- | --- | | 688256 | 寒武纪 | 613.28 | 0.54 | 0.97 | 电子 | | 688617 | 惠泰医疗 | 392.12 | -0.48 | 0.91 | 医药生物 | | 688608 | 恒玄科技 | 391.85 | 1.11 | 1.61 | 电子 | | 688506 | 百利天恒 | 331.48 | 9.90 | 0.95 | 医药生物 | | 688111 | 金山办公 | 293.44 | 2.33 | 1.01 | 计算机 | | 688027 | 国盾量子 | 276.00 | 1.22 | 1.73 | 通信 | | 688502 | 茂莱光学 | 255.62 | 0.02 | 4.91 | 电子 | | 688235 | 百济神州 | 253.00 | 7.34 | 3.76 | 医药生物 | | ...

科创50指数今日上涨0.60%，报收997.61点，科创板全日成交量28.69亿股，成交额972.48亿元，加权平 均换手率为1.68%。 6月9日科创板换手率居前个股 | 代码 | 简称 | 最新收盘价 | 日涨跌幅（%） | 日换手率（%） | 资金净流入（万元） | | --- | --- | --- | --- | --- | --- | | 688573 | 信宇人 | 23.38 | 12.40 | 30.85 | 2259.53 | | 688316 | 青云科技 | 68.50 | 0.63 | 28.94 | -2544.59 | | 688552 | 航天南湖 | 36.03 | 7.65 | 24.90 | -476.83 | | 688163 | 赛伦生物 | 20.99 | -4.59 | 20.44 | -1388.53 | | 688648 | 中邮科技 | 55.30 | 6.14 | 16.71 | -666.35 | | 688755 | 汉邦科技 | 49.81 | 1.22 | 15.42 | -90.19 | | 688062 | 迈威生物 | 27.91 | 0.0 ...