12月31日，中证石化产业指数震荡上行，成分股广东宏大、盐湖股份、中国石油、中国海油等领涨。相 关ETF方面，石化ETF（159731）连续3天获资金净流入，近5个交易日合计净流入达2258万元。 光大证券指出，基础化工行业2025年涨幅靠前，新材料需求强劲，AI、OLED、机器人等新兴应用领域 高景气，带动光刻胶等核心材料需求扩张与替代加速。行业呈现"上半年弱势震荡，中期反弹，后期结 构性活跃"走势，锂电材料等细分板块受益供需改善显著上涨。宏观经济修复下，化工行业筑底回升， 农化、MDI等板块韧性较强，钛白粉、锂电材料盈利修复预期明确。 每日经济新闻 石化ETF（159731）及其联接基金（017855/017856）紧密跟踪中证石化产业指数，从申万一级行业分 布来看，基础化工行业占比为60.1%，石油石化行业占比为32.7%，随着石化产业淘汰落后产能和加强 技术创新，产业链的价值将进一步提升。 ...

Core Viewpoint - BOE (京东方) has successfully lit up the first product from China's first 8.6-generation AMOLED production line five months ahead of schedule, marking a significant milestone in its production capabilities and technology advancement [1][4]. Group 1: Production Line Details - The total investment for the 8.6-generation AMOLED production line is 63 billion yuan, with a designed capacity of 32,000 glass substrates per month, focusing on high-end touch OLED displays for laptops and tablets [4]. - The production line utilizes FMM product technology compatible with flexible OLED and Hybrid OLED, offering advantages in yield, production efficiency, product quality, and luminous efficiency compared to other technologies [4]. - The OLED screens produced will feature lower power consumption and longer lifespan due to the use of low-temperature polycrystalline silicon oxide (LTPO) backplane technology and Tandem stacked light-emitting device fabrication processes [4]. Group 2: Milestones and Future Plans - Since its commencement in 2024, the production line has achieved significant breakthroughs, with the first batch of equipment arriving four months ahead of schedule in May 2025, setting a record for high-generation production line construction [4]. - The first product was lit up five months ahead of schedule, marking a key step towards mass production operations expected in 2026 [4]. - Starting in May next year, BOE plans to begin mass production of the 8.6-generation OLED panels for laptops, with clients including Acer and ASUS, although specific supply volumes have not yet been disclosed [4]. Group 3: Existing Production Capacity - BOE has already established three 6th-generation flexible AMOLED production lines in Chengdu, Chongqing, and Mianyang, with a cumulative shipment of over 500 million OLED displays [5]. - With the lighting of the first 8.6-generation AMOLED production line and upcoming mass production, BOE will operate four AMOLED production lines, reinforcing its leading position in OLED capacity and production technology [5].

每日经济新闻 （责任编辑：董萍萍 ） 【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 从估值方面来看，截至12月29日收盘，化工ETF（516020）标的指数细分化工指数市净率为2.57 倍，位于近10年来49.51%分位点的相对合理位置，具备中长期配置性价比。 光大证券指出，基础化工行业2025年涨幅靠前，新材料需求强劲，AI、OLED、机器人等新兴应用 领域高景气，带动光刻胶等核心材料需求扩张与国产替代加速。行业呈现"上半年弱势震荡，中期反 弹，后期结构性活跃"走势，锂电材料等细分板块受益供需改善显著上涨。宏观经济修复下，化工行业 筑底回升，农化、MDI等板块韧性较强，钛白粉、锂电材料盈利修复预期明确。 公开资料显示，化工ETF（516020）及其联接基金（012537）跟踪中证细分化工产业主题指数，全 面覆盖化工各个细分领域。其中近5成仓位集中于大市值龙头股，包括万华化学、盐湖股份等，分享强 者恒强 ...

12月30日，中京电子盘中下跌2.04%，截至14:00，报12.00元/股，成交3.58亿元，换手率5.07%，总市值 73.51亿元。 中京电子今年以来股价涨51.90%，近5个交易日涨1.61%，近20日涨3.63%，近60日跌0.33%。 今年以来中京电子已经14次登上龙虎榜，最近一次登上龙虎榜为7月10日，当日龙虎榜净买入-11.89万 元；买入总计1.87亿元 ，占总成交额比7.93%；卖出总计1.87亿元 ，占总成交额比7.94%。 资料显示，惠州中京电子科技股份有限公司位于广东省惠州市仲恺高新区陈江街道东升南路6号，成立 日期2000年12月22日，上市日期2011年5月6日，公司主营业务涉及印制电路板(PCB)的研发、生产、销 售与服务。主营业务收入构成为：刚性电路板(含HDI板)64.83%，柔性电路板及其应用模组29.84%，其 他5.33%。 中京电子所属申万行业为：电子-元件-印制电路板。所属概念板块包括：OLED、柔性电子、MLED、 5G、折叠屏等。 截至9月30日，中京电子股东户数11.24万，较上期减少25.42%；人均流通股5189股，较上期增加 34.08%。2025年1 ...

Group 1 - The chemical sector has regained momentum, with the chemical ETF (516020) experiencing a maximum intraday increase of 1.63% and closing up 1.4% [1][8] - Key stocks in the sector include Hengyi Petrochemical, which surged over 6%, and other companies like Rongsheng Petrochemical and New Fengming, which rose over 5% [1][8] - The recent high-quality development conference for the fertilizer industry highlighted the transition towards quality and efficiency in the sector, alongside new quota policies for refrigerants that are expected to optimize supply-demand dynamics [10][10] Group 2 - According to Huaxin Securities, the chemical industry remains weak overall, with mixed performance across sub-sectors due to past capacity expansions and weak demand, although some sectors like lubricants have exceeded expectations [3][10] - The chemical ETF (516020) has a price-to-book ratio of 2.57, indicating a relatively reasonable valuation position within the last decade [3][10] - According to Everbright Securities, the basic chemical industry is expected to see significant growth by 2025, driven by strong demand in new materials and emerging applications such as AI and OLED [4][11] Group 3 - The chemical ETF (516020) tracks the CSI sub-sector chemical industry theme index, covering various segments, with nearly 50% of its holdings in large-cap stocks like Wanhua Chemical and Salt Lake Potash [4][11] - Investors can also access the chemical sector through linked funds of the chemical ETF, providing a diversified investment approach [5][11]

12月30日，联创光电盘中上涨2.03%，截至10:36，报58.33元/股，成交2.27亿元，换手率0.87%，总市值 263.00亿元。 资金流向方面，主力资金净流出454.15万元，特大单买入1116.96万元，占比4.91%，卖出1357.64万元， 占比5.97%；大单买入5820.19万元，占比25.59%，卖出6033.67万元，占比26.53%。 联创光电今年以来股价涨21.96%，近5个交易日涨3.39%，近20日涨9.58%，近60日跌3.51%。 资料显示，江西联创光电科技股份有限公司位于江西省南昌市高新技术产业开发区京东大道168号，成 立日期1999年6月30日，上市日期2001年3月29日，公司主营业务涉及半导体激光系列及微电子元器件系 列、高温超导感应设备系列产品、智能控制系列产品、背光源系列产品、光电通信与智能装备线缆及金 属材料产品的研发、生产和销售。主营业务收入构成为：智能控制49.81%，背光源及应用36.15%，激 光系列及传统LED芯片产品7.77%，光电通信与智能装备线缆及金属材料4.45%，其他(补充)1.83%。 截至9月30日，联创光电股东户数4.87万，较上 ...

Core Viewpoint - Shenghong Technology's stock has experienced significant volatility, with a year-to-date increase of 601.11%, but a recent decline of 4.87% over the past five trading days [1] Group 1: Stock Performance - As of December 30, Shenghong Technology's stock price was 293.00 CNY per share, with a market capitalization of 255.01 billion CNY [1] - The stock has seen a trading volume of 31.11 billion CNY, with a turnover rate of 1.23% [1] - The company has appeared on the "Dragon and Tiger List" three times this year, with the most recent net purchase of 2.12 billion CNY on September 5 [1] Group 2: Financial Performance - For the period from January to September 2025, Shenghong Technology reported a revenue of 14.12 billion CNY, representing a year-on-year growth of 83.40% [2] - The net profit attributable to shareholders for the same period was 3.25 billion CNY, showing a substantial increase of 324.38% year-on-year [2] Group 3: Shareholder Information - As of November 28, the number of shareholders for Shenghong Technology was 163,700, a decrease of 2.45% from the previous period [2] - The average number of tradable shares per shareholder increased by 2.51% to 5,225 shares [2] - The top ten circulating shareholders include Hong Kong Central Clearing Limited and E Fund's ChiNext ETF, both of which have reduced their holdings [3]

一周观点 总量研究 上周观点 | 领域 | 一周观点 | 分析师 | | --- | --- | --- | | | 政策有望持续发力，叠加各类资金有望积极流入，市场有望震荡上行。一方面，历史来看，A | | | | 股市场中几乎每年都存在"春季躁动"行情；另一方面，经济增长有望保持在合理区间，进一 | | | 策略 | 步夯实资本市场繁荣发展的基础。此外，政策红利释放，有望提振市场信心，进一步吸引各类 | 张宇生 | | | 资金积极流入。行业配置方面，结合往年规律及当前市场环境，关注成长及消费板块；主题方 | | | | 面，可逢低关注商业航天概念。 | | | | 上周黄金价格上涨，国内权益市场指数震荡下行，创业板指明显回调；行业主题基金表现来看， | | | 金工 | 金融地产主题基金表现占优，TMT 主题基金净值回调。国内市场新成立基金 40 只，合计发行 | 祁嫣然 | | | 份额为 183.21 亿份。股票型 ETF 资金逆势大幅流入，各类宽基 ETF 资金均受到加仓，被动资 | | | | 金主要加仓方向为大盘宽基 ETF、港股 ETF、TMT 主题 ETF。 | | | | 上周 A 股整 ...

Core Viewpoint - TCL Technology Group announced the latest progress of its subsidiary TCL Huaxing Optoelectronics in the 8.6-generation printed OLED production line project (the "t8 project") [1] Group 1: Project Financing and Structure - TCL Huaxing has signed a capital increase agreement with state-owned shareholders, establishing the registered capital and equity structure of the t8 project company, Guangzhou Huaxing Optoelectronics Printing Display Technology Co., Ltd. [3] - The total registered capital of the project company is set at 17.7 billion RMB, with TCL Huaxing contributing 6.72 billion RMB in cash. The National Development Bank's new policy financial tool company provides strong financial support with a cash contribution of 6.5 billion RMB [3] - Local state-owned enterprises, Guangzhou Chengfa Xing Investment Partnership and Guangzhou Huangpu Kaitou Zhixing Investment Fund, will each contribute 2.24 billion RMB in cash. All parties have committed to complete their capital contributions by December 31, 2026 [3] Group 2: Project Overview and Timeline - The t8 project has a total investment of 29.5 billion RMB, co-funded by TCL Huaxing, the Guangzhou Municipal Government, and the Guangzhou Economic and Technological Development Zone Management Committee [4] - The project is designed to process approximately 22,500 glass substrates (2290mm × 2620mm) per month, with printed OLED products primarily aimed at medium-sized displays, laptops, and tablets [4] - The t8 project officially commenced construction in October this year, with the first batch of products expected to be mass-produced and delivered in the fourth quarter of 2027 [4]

Group 1 - The core viewpoint of the article highlights the recent developments in the OLED materials and AR technology sectors, with companies like 尚赛光电 and 影目科技 announcing new projects and production lines [1][4]. Group 2 - 尚赛光电 has initiated the construction of a research headquarters and optical functional materials production base in 鄂州, with a total investment of approximately 500 million yuan, covering an area of about 100 acres. The project aims to integrate cutting-edge research and intelligent manufacturing, with an expected annual output value of 1 to 1.5 billion yuan upon full production by the end of 2027 [2][3]. - 影目科技 has officially launched its first optical waveguide module and complete machine production line in 无锡, which will enable an annual production capacity of 100,000 AR glasses. The company plans to establish a future optical research institute locally to explore the deep application of AR technology in various fields such as culture and education [4][8]. - Since its establishment in 2020, 影目科技 has focused on the development of lightweight AI+AR smart glasses, with three main product lines targeting different scenarios, including INMO AIR for light office and entertainment, INMO GO for translation, and INMOX for photography [8].