银行板块走低，银行AH优选ETF跌2.22%。标普生物科技ETF和纳指生物科技ETF分别跌2%和 1.6%。CPO板块回调，通信ETF、5GETF分别跌1.5%和1.1%。 （责任编辑：郭健东 ） 【免责声明】本文仅代表作者本人观点，与和讯网无关。和讯网站对文中陈述、观点判断保持中立，不对所包含内容 的准确性、可靠性或完整性提供任何明示或暗示的保证。请读者仅作参考，并请自行承担全部责任。邮箱： news_center@staff.hexun.com A股三大指数早盘涨跌不一，截至午盘，沪指涨1.14%，突破前高，再创10年来新高，深成指涨 0.81%，创业板指跌0.04%，北证50指数涨0.86%，沪深京三市半日成交额17961亿元，较上日放量1472 亿元。全市场超3600只个股上涨。板块题材上，脑机接口、化学化工、有色金属、保险、证券、半导 体、光伏设备板块涨幅居前；CPO、铜缆高速连接等AI硬件股表现落后。 ETF方面，金融股全线上攻，香港证券ETF易方达、广发基金港股通非银ETF分别涨4.46%、 3.97%。有色板块继续狂欢，有色矿业ETF招商、万家基金工业有色ETF分别涨4.43%和4.42%。半 ...

（文章来源：每日经济新闻） 每经AI快讯，1月6日，CPO等算力硬件股短线下探，汇绿生态、源杰科技跌超5%，中际旭创、新易 盛、剑桥科技跌超4%。 ...

盘面上，脑机接口概念股持续发酵；能源金属题材走强，锂矿方向领涨。 09:28 港股有色金属板块高开，中国宏桥涨3%，江西铜业股份涨3%，五矿资源涨2%， 赣锋锂业涨 2%。消息面上，国内期货主力合约涨多跌少，碳酸锂涨超4%，沪银、沪铝、国际铜涨超2%。 09:25 A股开盘丨沪指涨0.06% 沪指涨0.06%，深成指涨0.01%，创业板指跌0.45%，科创综指跌0.14%。 | 代码 | 名称 | 两日图 | 现价 | 涨跌 | 涨跌幅 | | --- | --- | --- | --- | --- | --- | | 000001 | 上证指数 | 3 | 4026.02 | 2.60 | 0.06% | | 399001 | 深证成指 | ﺮ | 13830.30 | 1.67 | 0.01% | | 399006 | 创业板指 | W | 3279.81 | -14.74 | -0.45% | | 000680 | 科创综指 | | 1693.46 | -2.38 | -0.14% | 盘面上，脑机接口概念股持续发酵；能源金属题材走强，锂矿方向领涨；CPO、商业航天、AI应用概念 股走弱。 个股方面，登 ...

（文章来源：每日经济新闻） 2026年1月5日，2026年首个交易日上证指数重回4000点。创业板新能源ETF华夏（159368）早盘涨幅扩 大至1.64%。盘面上，罗博特科大涨15.73%，道氏技术上涨10.54%，新强联、英搏尔等涨超4%；截至 发文，创业板新能源ETF华夏（159368）成交额达2711万元，居同类基金首位。 创业板新能源ETF华夏（159368）是全市场跟踪创业板新能源指数的规模最大ETF基金。创业板新能源 指数主要涵盖新能源和新能源汽车产业，涉及电池、光伏等多个细分领域。创业板新能源ETF华夏 （159368）高弹性，涨幅可达20cm；费率最低，管理费和托管费合计仅为0.2%；规模最大，截至2025 年12月30日，规模达6.76亿元；成交额最大，近一月日均成交7075万元。其储能+固态电池占比近 90%，契合当下市场热点。 消息面上，据2025年12月30日互动消息，罗博特科旗下德国子公司ficonTEC与台积电、英伟达共同开发 的全球首个300mm双面晶圆测试平台已完成可靠性测试，测试效率提升60%，适配台积电3nmMRM工 艺，助力英伟达GB200服务器CPO良率提升。同时fi ...

光通信需求加速扩张，无论是上游供给还是快速迭代，都给产业链提出了更高的要求。硅基光电子所能 提供的产能弹性/高集成度/低功耗/快速迭代都适配于未来不断放大的行业需求。 硅光=硅+光 用半导体的方式来赋能光子领域，将光子学与成熟的半导体制造体系深度融合，以"硅基"的标准化、集 成化逻辑，重塑原本依赖分立器件组装的光模块产业链。传统光模块产业链中，价值分散于上游的光芯 片、电芯片等。而硅光技术将产业重心前移并向上游集中，赋予了PIC设计公司前所未有的核心地位， 对于拥有PIC设计能力以及模块封装能力的公司，产业链利润分配比例和话语权都有望得到进一步提 升。 协同CPO发展，打开scale-up市场，光通信产值天花板再迎突破 智通财经APP获悉，国盛证券发布研报称，硅光将不仅是在光通信需求爆发背景下的溢出产物，更是重 塑光通信产业链的革命性技术。将产业链价值量最大化的从光电芯片转移到PIC设计，将对尤其是拥有 自主PIC设计能力的国内龙头光通信厂商带来新一轮机遇。同时未来硅光在CPO等配套封装技术后，进 入scaleup场景，市场容量有望进一步打开，抬高光通信行业天花板。 国盛证券主要观点如下： 硅光不是存量替代方 ...

Group 1: Report Industry Investment Rating - No relevant content found Group 2: Core Viewpoints of the Report - On December 31, all the current-month contracts of the four major stock index futures declined. IF dropped by 0.57%, IH by 0.37%, IC by 0.11%, and IM by 0.24% [1] - On this trading day, the total trading volume of stock index futures rebounded, indicating an increase in investors' trading enthusiasm. Specifically, the total trading volume of IF increased by 8,609 lots, IH by 8,515 lots, while that of IC decreased by 6,494 lots and IM by 5,902 lots [2] - Regarding positions, the total positions of IF decreased by 5,128 lots, IH increased by 240 lots, IC decreased by 14,673 lots, and IM decreased by 12,524 lots [2] - At the end of 2025 trading, the Shanghai Composite Index closed up 0.09% at 3,968.84 points, the Shenzhen Component Index fell 0.58%, the ChiNext Index fell 1.23%, the North Securities 50 fell 0.7%, the Science and Technology Innovation 50 fell 1.15%, and the Wind All A fell 0.17%. The full - day trading volume of A - shares was 2.07 trillion yuan, compared with 2.16 trillion yuan the previous day [6] - In 2025, the Shanghai Composite Index rose more than 18% cumulatively, once regaining 4,000 points and reaching a ten - year high; the ChiNext Index soared nearly 50% [6] - In the Hong Kong stock market, on the half - day trading day at the end of the year, the Hang Seng Index closed down 0.87%, and the Hang Seng Tech Index fell 1.12%. The medical, financial, and consumer industries led the decline, while non - ferrous stocks rose against the trend. In 2025, the Hang Seng Index rose 27.77% cumulatively, achieving its best performance since 2017; the Hang Seng Tech Index rose 23.45% cumulatively [7] - On the first trading day of 2026, the Hong Kong stock market had a "good start". The Hang Seng Index closed up 2.76% at 26,338.47 points, the Hang Seng Tech Index soared 4% to 5,736.44 points, and the Hang Seng China Enterprises Index rose 2.86% to 9,168.99 points. The trading volume of the broader market was HK$140.864 billion, an increase compared with the previous trading day [7] Group 3: Summary by Relevant Catalogs 3.1期指期现数据跟踪 - **IF Contracts**: The closing prices of IF2601, IF2602, IF2603, and IF2606 were 4,622.2, 4,609.6, 4,599.8, and 4,555 respectively, all showing a decline. The trading volumes were 28,844, 2,673, 63,352, and 8,169 respectively, with some increases. The positions were 58,209, 5,401, 166,875, and 45,516 respectively, with some changes [1] - **IH Contracts**: The closing prices of IH2601, IH2602, IH2603, and IH2606 were 3,026, 3,025.2, 3,025, and 3,016.4 respectively, all declining. The trading volumes were 11,956, 1,296, 31,896, and 4,533 respectively, with some increases. The positions were 19,381, 1,500, 53,650, and 14,116 respectively, with some changes [1] - **IC Contracts**: The closing prices of IC2601, IC2602, IC2603, and IC2606 were 7,455.6, 7,407.8, 7,362.8, and 7,175.4 respectively, all declining. The trading volumes were 28,756, 6,340, 62,267, and 13,618 respectively, with some changes. The positions were 59,168, 13,060, 145,074, and 56,872 respectively, with some decreases [1] - **IM Contracts**: The closing prices of IM2601, IM2602, IM2603, and IM2606 were 7,581.4, 7,504.4, 7,436.2, and 7,198 respectively, all declining. The trading volumes were 39,459, 8,416, 93,696, and 15,854 respectively, with some changes. The positions were 80,925, 17,176, 181,081, and 80,955 respectively, with some changes [1] 3.2期指前20大会员持仓增减 - For IF contracts, the long - position changes of IF2601, IF2602, IF2603, and IF2606 were - 649, not announced, - 2,830, and 724 respectively; the short - position changes were - 544, not announced, - 4,308, and 939 respectively [5] - For IH contracts, the long - position changes of IH2601, IH2602, IH2603, and IH2606 were 721, not announced, 689, and - 63 respectively; the short - position changes were 432, not announced, 421, and - 57 respectively [5] - For IC contracts, the long - position changes of IC2601, IC2602, IC2603, and IC2606 were - 3,287, 939, - 5,620, and - 826 respectively; the short - position changes were - 4,323, 890, - 7,664, and - 1,146 respectively [5] - For IM contracts, the long - position changes of IM2601, IM2602, IM2603, and IM2606 were - 4,022, 1,255, - 5,599, and not announced respectively; the short - position changes were - 4,169, 1,255, - 6,888, and not announced respectively [5] 3.3趋势强度 - The trend intensity of IF and IH is 1, and that of IC and IM is also 1. The trend intensity ranges from - 2 to 2, with - 2 being the most bearish and 2 being the most bullish [6] 3.4重要驱动 - In 2025, among the Wind theme industries, the precious metals index had the largest increase, rising more than 110% cumulatively; among the concept sectors, the CPO index had the largest increase, rising more than 180% cumulatively [6] - In 2025, Shangwei New Materials rose 1,820% cumulatively, becoming the top - performing stock; Tianpu Co., Ltd. rose 1,645% annually, ranking second [6] - During the New Year's Day holiday in 2026, the number of domestic tourist trips was 142 million, and the total domestic tourism consumption was 84.789 billion yuan. Winter - themed cultural and tourism products were in high demand [7] - The US claimed to have successfully attacked Venezuela and captured Venezuelan President Maduro and his wife. China firmly opposed this act, and the UN Security Council will hold an emergency meeting on the US military action in Venezuela [8]

前言 《公告全知道》每周日至每周四推送明日股市重大公告！内容包含"停复牌、增减持、投资中标、收 购、业绩、解禁、高送转"等一系列个股利好利空公告，其中重要公告均以红色标注，帮助投资者提前 寻找到投资热点，防范各类黑天鹅事件，并且有充足的时间进行分辨和寻找合适的上市公司。 ①商业航天+机器人+芯片+军工+PCB+华为昇腾！这家公司主打产品在商业航天有广泛应用，正与机器人 头部企业就相关零件开发进行接洽；②人形机器人+商业航天+无人机+军工+新能源汽车！这家公司航空 航天、燃气轮机高端轴承产品已获得小批量订单；③PCB+商业航天+存储芯片+ CPO+算力+华为！公司 拟45亿元投建高性能覆铜板项目。 ...

2025年最后一个周六，冬日暖阳洒在熙熙攘攘的上海广东路上。拥有30多年历史的"股市沙龙"人声鼎 沸，数百名股民聚集于此，十余人一圈的讨论组里不时传来"算力""人工智能""CPO"等关键词。 上海街头"股市沙龙"。本报记者林倩摄 上海广东路729号，曾是万国证券黄浦营业部所在地，自上世纪90年代起，每逢周末，数百名股民在此 交流心得，"股市沙龙"由此而来。现场参与者虽以中老年股民为主，但也不乏年轻面孔驻足聆听。 部分股民对中国证券报记者表示，预计2026年A股市场将迎来开门红，全年市场表现有望超越2025年， 重点关注科技板块和周期性行业。 至于哪些股票会上涨，李先生表示，每个股票都有上涨的可能，只是时间问题。 "就像太阳一样，从东 方升起，不一定照得到全部，但到了下午，西边阴暗的地方就能照到了，这需要一个过程。" 心态为先：33年老股民的生存哲学 "炒股就是靠心态，心态好一切都好。"有33年股龄的陈先生告诉中国证券报记者，他年纪大了，对炒股 没有很高的盈利要求，只是作为自己的乐趣。 回顾2025年，陈先生主要配置了军工、固态电池、算力、人工智能等赛道以及优质大盘股，全年收益较 为稳定。 对于2026年A股市 ...

Core Insights - The article highlights the unprecedented opportunities in the optical communication sector, driven by the explosive growth in AI computing power and infrastructure needs [2][4]. Group 1: AI Arms Race and Infrastructure - The competition in AI has evolved from merely acquiring chips to building comprehensive computing and interconnect capabilities [5]. - Major companies like Google and Meta are developing custom ASIC chips and data centers to enhance AI system efficiency [7]. - The essence of this competition is to scale computing power, with optical communication networks serving as the "highway" for connecting computing units [10]. Group 2: Optical Module Market Dynamics - The demand for optical modules is surging due to the exponential increase in data throughput and the need for higher transmission speeds [16]. - The transition from 400G/800G to 1.6T and the anticipated move towards 3.2T in optical module technology reflects the industry's rapid evolution [16]. - Chinese manufacturers are rising in prominence, with seven out of the top ten global optical module companies being Chinese by 2024 [18]. Group 3: Key Players in Optical Communication - Company A (中际旭创) is a global leader in high-speed optical modules, particularly in the 800G and next-generation 1.6T segments, and is closely tied to major AI firms like NVIDIA and Google [19]. - Company B (高意) ranks among the top three globally and is recognized for its differentiated technology in linear drive pluggable optical modules [21]. - Company C (光迅科技) has a vertically integrated business model covering the entire optical communication supply chain, enhancing its risk management and cost control [23]. Group 4: Technological Innovations - Silicon photonics technology is revolutionizing traditional optical modules by integrating multiple optical components into a single silicon chip, leading to significant cost and power savings [31]. - The cost of silicon optical modules is projected to decrease significantly, with the market expected to reach $10.3 billion by 2029, capturing a larger share of the optical module market [34]. - Emerging technologies like Co-Packaged Optics (CPO) and Optical Circuit Switching (OCS) are set to further enhance efficiency and reduce latency in data centers [35]. Group 5: Future Outlook - The article emphasizes that while risks exist, the demand for AI-driven computing and interconnect solutions is expected to remain robust, indicating a prolonged high-growth cycle for optical communication [38]. - Historical trends show that each technological revolution has been preceded by infrastructure upgrades, positioning the optical communication sector at the forefront of the current AI era [42].

12月31日，科技方向集体承压。指数层面，中证人工智能主题指数下跌1.0%，上证科创板人工智能指数下跌0.04%。资金逆势布局，人工智能ETF （159819）全天净申购达5000万份。 回顾2025年，科技方向表现亮眼，人工智能是市场一大主线，CPO、存储芯片、机器人等细分概念轮番活跃，指数层面，人工智能ETF（159819）跟踪的中 证人工智能主题指数年内涨超67%，科创人工智能ETF（588730）跟踪的上证科创板人工智能指数年内涨超50%。 每日经济新闻 ...