2025.06. 19 作者 | 一财资讯 | ਵੰਮ | 涨713 | # 48 | 跌 4654 | A股成交额 | | 8059417 | | --- | --- | --- | --- | --- | --- | --- | | | | | A股重要指数 | | é | | | | 名称 | | 最新 | 涨跌 | 涨幅 | | | | 上证指数 | | 3359.78 | -29.03 | -0.86% | | | | 深证成指 | | 0072.42 | -103.17 | -1.01% | | | | 北证50 | | 1379.67 | -13.77 | -0.99% | | | | 创业板指 | | 2032.19 | -22.54 | -1.10% | | 推荐阅读 稳定币题材高开低走，可控核聚变、军工、离境退税、减肥药、新消费、稀土永磁、黄金概念股纷纷 回调；固态电池、人形机器人概念股逆势走强。 工信部严查车企"说一套做一套" 中信建投投顾吕佳认为，近期上证指数在整数关口反复但成交量并未有效放大。目前行业为主的趋势 类个股表现出较强韧性，对稳定指数有较强帮助，板块轮动速度明显加快后，我们 ...

Market Overview - A-shares experienced a downward trend with major indices declining, including the Shanghai Composite Index down 0.86%, Shenzhen Component Index down 1.01%, and ChiNext Index down 1.1% [1] - The total trading volume in the Shanghai and Shenzhen markets reached 805.8 billion, an increase of 43.2 billion compared to the previous trading day [1] Sector Performance - Over 4600 stocks in the market showed negative performance [1] - The energy metals sector opened high but fell back, while media and gaming stocks also saw a retreat after initial gains [1] - The controllable nuclear fusion sector led the decline, with companies like Hezhong Intelligent hitting the daily limit down, and others like Haheng Huaton, Guoguang Electric, and China Nuclear Technology experiencing significant losses [1] - The multi-financial sector also faced declines, with Ruida Futures down over 7% and Hongye Futures and New Power Financial following suit [1] Notable Stocks - Oil and gas stocks saw a rebound, with Huai Oil shares hitting the daily limit up and Zhongman Petroleum rising over 9% [1] - The solid-state battery sector was the top performer, with companies like Nord Shares, Xiangtan Electric, and Fengyuan Shares all hitting the daily limit up [1]

市场早盘震荡走低， 创业板指领跌。沪深两市半日成交额7878亿，较上个交易日放量448亿。盘面上热 点较为杂乱，个股跌多涨少，全市场超4600只个股下跌。从板块来看，机器人概念股展开反弹， 江苏 雷利涨超10%。固态电池概念股一度冲高， 丰元股份涨停。PCB概念股持续活跃， 中京电子涨停。下 跌方面，创新药概念股持续调整， 常山药业20CM跌停。板块方面，游戏、 PCB、 电池、 人形机器人 等板块涨幅居前， 可控核聚变、 港口、军工、 创新药等板块跌幅居前。截至收盘， 沪指跌0.86%， 深 成指跌1.01%，创业板指跌1.1%。 ...

A股三大指数早盘集体下跌，截至午盘，沪指跌0.86%，深成指跌1.01%，创业板指跌1.10%，北证50指 数跌0.99%。全市场半日成交额8058亿元，较上日放量432亿元。全市场超4600只个股飘绿。 板块题材上，固态电池、PCB概念、石油板块涨幅居前；核聚变、军工、减肥药板块跌幅居前。 NO.1 【比亚迪（002594）概念】 板块内8家涨停，2只连板股，最高连板数为3天3板，涨停股代表：诺 德股份、中京电子。 NO.2 【华为概念】 板块内8家涨停，1只连板股，最高连板数为9天6板，涨停股代表：东信和平、电科 网安（002268）。 盘面上，固态电池板块领涨，诺德股份（600110）、湘潭电化（002125）、丰元股份（002805）涨停。 稳定币概念局部活跃，东信和平（002017）涨停，楚天龙（003040）、安妮股份（002235）涨超5%。 AI硬件端涨幅靠前，逸豪新材（301176）、中京电子（002579）、凯旺科技（301182）涨停，核电板块 跌幅居前，合锻智能（603011）、中核科技（000777）跌停，哈焊华通（301137）跌近15%。减肥药概 念股集体调整，常山药业（3002 ...

创业板指临近午盘跌超1%，深证成指跌0.9%，沪指跌0.8%，可控核聚变板块领跌。 ...

Group 1 - The China Securities Regulatory Commission (CSRC) emphasized the importance of multi-tiered capital markets in promoting the integration of technological and industrial innovation, particularly through the Sci-Tech Innovation Board (STAR Market) [1] - The introduction of the "1+6" policy measures aims to enhance the STAR Market's role as a testing ground for reforms, including the establishment of a growth tier for innovative companies and the resumption of listing standards for unprofitable enterprises [1] - The Shanghai Stock Exchange highlighted that the new growth tier will help stabilize market expectations, provide a controlled environment for incremental reforms, and facilitate better risk management for investors in unprofitable tech firms [1] Group 2 - As of June 18, the Sci-Tech Innovation Index has reached 569 sample stocks, covering 97% of the market capitalization of the STAR Market, including over 200 stocks not previously included in the scale index [2] - The Huaxia Sci-Tech Innovation Index ETF and its linked funds are actively tracking the Sci-Tech Innovation Index, currently ranking among the top in terms of scale and trading volume, with the highest average daily trading volume in the past week [2]

点击 最 下方 关注《材料汇》 ， 点击"❤"和" "并分享 添加 小编微信 ，寻 志同道合 的你 正文 目录 1、多技术路线:磁约束与惯性约束为主流 请务必阅读正文之后的免责条款部分 t 本法班薪 聚变基本原理 1.1 聚变反应原理是轻原子核如荒、疯在超 1 亿℃高温高压下克服库仓斥力聚合成较重原子核，如意并释放巨大能量，能级 在 17.6MeV / 次反应之上。 选择危 (D) - 点(T) 聚变因二者反应裁面大、所需点火温度相对最低,约 1.5 亿℃,且负可从海水提取,1 升海水含 30mg 允, 危能通过摆吸收中子再生,燃料获取便捷、能量密度极高(1kg 元危聚变能量≥400 万吨石油)。 图表1:聚变原理图 图表2:几种主要的聚变反应截面以及最大反应截面所对应的温度 D.T D-3He n-IIR 10- 10-3 10 10- 500 1000 10 50 100 રે Center-of-Mass Energy (keV) 资料来源:中国科学院等离子体物理研究所、太平洋证券 资料来源:可控核聚变科学技术前沿问题和进展、太平洋证券 请务必阅读正文之后的免责条款部分 守正 出奇 宁静 致远 P3 守 ...

可控核聚变行业 证券研究报告 |行业深度研究报告 2025/6/18 可控核聚变展望： 进入关键导入期 刘强 S1190522080001 首席分析师： 分析师登记编号： 刘淞 S1190523030002 证券分析师： 分析师登记编号： 钟欣材 S1190524110004 证券分析师： 分析师登记编号： P2 报告摘要 可控核聚变开启能源革命新征程。 作为人类终极能源解决方案，可控核聚变具备能源丰富、零排放、安全性高等显著优势，1g 氘氚聚变释放 能量相当于 11.2 吨标准煤，远超核裂变与化石燃料，是实现 "双碳" 目标的战略选择。 多技术路线并行突破，磁约束与惯性约束成主流。磁约束以托卡马克、仿星器为代表；惯性约束以美国 NIF 为代表，国内 "神光" 计划持续推进激光驱动技术。两类技术均进入工程验证阶段，磁约束聚焦稳态 运行，惯性约束发力点火效率，共同推动聚变能从实验室走向工程化。 产业链协同发展，材料与设备成攻关核心。上游超导材料、耐辐照钨合金突破技术壁垒；中游设备进入 ITER 及国内实验堆供应链；下游以中核集团、中国核电为代表，推进 "星火一号" 混合堆（Q>30）、 BEST 紧凑型装置等示 ...

核心观点 2024年研发费用同比增长24%，电力设备+军工+电子材料多轮驱动 公司主营业务包含电力设备、军工以及电子材料业务，2024年电力设备、军工、电子材料业务分别占总营收的 54%/23%/5%。公司是真空灭弧室头部企业，分产品看，真空灭弧室营收占比最高，2024年占总营收的43%。 公司重视研发投入，2024年研发费用同比增长23.9%至0.74亿元。 1Q25公司归母净利润同比增长19%，毛利率同比改善 公司发布2024年年报及2025年一季报，2024年公司营收15.86亿元（YoY +20.5%），归母净利润1.02亿元 （YoY +10.5%），毛利率22.82%（YoY -3.87pct）。1Q25公司营收3.43亿元（YoY -11.4%，QoQ -26.8%），归 母净利润0.30元（YoY +19.3%，QoQ +39.3%），毛利率23.83%（YoY +3.6pct，QoQ -0.5pct）。 点击 关注我们 报告发布日期：2025年6月9日 报告名称: 《旭光电子（600353.SH）：电力设备+军工+电子材料多轮驱动，1Q25毛利率同比改善》 分析师：胡剑 S098052108 ...

Group 1: Solid-State Battery Industry - The fifth China International Solid-State Battery Technology Conference will be held on June 19-20, 2025, with industry investment reaching 15 billion in the first four months of the year [1] - The Ministry of Industry and Information Technology (MIIT) plans to establish a standard system for solid-state batteries by April 2025, with 6 billion allocated for special research and development [2] - Companies like Puli Technology and Liyuanheng are actively developing solid-state battery technologies and have made significant progress in equipment and process innovations [2] Group 2: Robotics and AI - Ant Group has invested in Lingxin Qiaoshou Technology, which focuses on embodied intelligence platforms crucial for humanoid robots [3] - Companies like Zhenyu Technology and Hanwei Technology are successfully delivering products related to robotics, including linear actuators and flexible sensors [4] - The demand for key components in humanoid robots, such as motors and tactile sensors, is expected to increase, benefiting leading technology firms in the industry [3][4] Group 3: Autonomous Delivery Vehicles - Cainiao has launched a new autonomous delivery vehicle, the Cainiao GT-Lite, priced at 21,800 yuan, with a promotional price of 16,800 yuan [5] - The logistics autonomous vehicle market is entering a phase of large-scale commercialization, driven by technological advancements and decreasing component costs [5] - Companies like Xingwang Yuda and Xiangyou Technology are developing autonomous driving systems and collaborating with postal services to enhance delivery capabilities [6] Group 4: High-Bandwidth Memory (HBM) Market - Samsung Electronics has secured a contract for HBM3E supply from Broadcom, indicating strong demand for high-performance memory in AI applications [7] - The HBM market is expected to experience explosive growth due to increased data center investments and the need for high bandwidth and low power consumption [7] - Companies like Shengmei Shanghai and Saiteng Co. are actively involved in providing equipment and materials for HBM production [8] Group 5: Digital Human Technology - Baidu has launched the industry's first dual digital human interactive live broadcast room, enhancing consumer interaction through advanced AI technology [9] - The development of digital humans is expected to lead to more personalized marketing strategies and improved customer experiences in e-commerce [9] - Companies like New Guodu Holdings are focusing on general-purpose AI technology and multi-modal AI product research [9][10] Group 6: Renewable Energy and Nuclear Fusion - China National Petroleum Corporation plans to invest 655 million yuan in Kunlun Capital for controlled nuclear fusion projects [10] - Several state-owned enterprises are exploring nuclear fusion energy, which is seen as a clean and efficient energy source [11] - Companies like Zhongyou Capital and Xuguang Electronics are involved in nuclear fusion technology development and related projects [11] Group 7: Domestic CPU Market - Shanghai Zhaoxin Integrated Circuit Co., a leading domestic CPU manufacturer, has initiated an IPO on the Sci-Tech Innovation Board, aiming to raise approximately 4.169 billion yuan [12] - The CPU market in China is projected to grow from 216.032 billion yuan in 2023 to 232.61 billion yuan in 2024, driven by advancements in AI and cloud computing [12] - Companies like Guangdian Yuntong and Zhongke Shuguang are enhancing their capabilities in CPU and GPU products [13]