Core Viewpoint - The A-share market showed mixed performance with the ChiNext Index leading gains, driven by ERP concept stocks, while the Shanghai Composite Index experienced a decline [1] Market Performance - The Shanghai Composite Index fell by 0.42%, while the Shenzhen Component Index rose by 0.56% and the ChiNext Index increased by 1.73% [1] - Total trading volume in the Shanghai and Shenzhen markets reached 1.61 trillion yuan, an increase of 153.3 billion yuan compared to the previous trading day [1] Sector Highlights - AI-related sectors were the main focus, with over 4,000 stocks declining across the two markets [1] - The ERP concept, CPO, and multimodal AI sectors saw significant gains, with stocks like Dingjie Zhizhi, Yunding Technology, and Yongyou Network hitting the daily limit [1] - The real estate sector showed signs of recovery in the afternoon, with Yucheng Development also hitting the daily limit [1] Declining Sectors - The photovoltaic sector continued to struggle, with stocks like Yamaton hitting the daily limit down [1] - The coal sector faced ongoing declines, with Dayou Energy dropping over 9% [1] - The power sector experienced adjustments, with stocks such as Tuori New Energy and Huayin Power hitting the daily limit down [1]

此外，英伟达公司创始人兼首席执行官黄仁勋，今天在接受总台央视记者采访时宣布：美国已批准H20 芯片销往中国。这直接利好光通信（包括光模块、CPO）以及相关的AI应用侧。 有券商表示，受益于AI需求驱动和国内外互联网厂商资本开支增长，服务器、连接器等龙头公司业绩 亮眼。国内大模型迭代、落地应用有望加速。建议关注国内AI发展带动的服务器、IDC、交换机、连接 器等板块，以及海外AI发展带动的服务器、光模块等板块。 随着互联网巨头相继布局云计算，以及传统金融机构围绕新型技术的新一轮IT改革，加速了云计算在金 融行业的应用实践。越来越多金融企业开始应用云来承载应用和处理高并发业务，云计算技术正加快与 金融行业发展融合。2025年开始，DeepSeek等开源模型的入场为金融云市场发展的竞争格局引入了新 的变化和商机，中国金融云蓄势待发，有望迎来新一轮的"基础设施重构+智能应用爆发"的双增长。 对于场外投资者，还可以通过云计算ETF沪港深联接基金（A类019171；C类019170）、计算机ETF （159998）联接基金（A类001629；C类001630）参与科技赛道的上行机遇。 （文章来源：每日经济新闻） 今日，科 ...

| | 代码 7 | 简称 | 收盘价(原始币种) | 权重 | | --- | --- | --- | --- | --- | | 1 | 300308.SZ | 中际旭创 | 149.82 | 12.4085% | | 2 | 300502.SZ | 新易盛 | 130.90 | 11.6006% | | 3 | 300394.SZ | 天孚通信 | 84.99 | 4.1995% | | ব | 301236.SZ | 软通动力 | 53.15 | 3.9140% | | 5 | 300442.SZ | 润泽科技 | 48.38 | 2.9276% | | 6 | 300458.SZ | 全志科技 | 38.27 | 2.8722% | | 7 | 300474.SZ | 景嘉微 | 71.51 | 2.8116% | | 8 | 300454.SZ | 深信服 | 89.83 | 2.7406% | | ə | 300223.SZ | 北京君正 | 66.93 | 2.7002% | | 10 | 300017.SZ | 网宿科技 | 10.31 | 2.6805% | 从投资逻辑来看，中国软科技实力 ...

Market Overview - The market experienced fluctuations with mixed performance across the three major indices, resulting in the Shanghai Composite Index declining by 0.93% and the Shenzhen Component Index falling by 0.26%, while the ChiNext Index rose by 0.64% [1][2]. Sector Performance - The computing power hardware sector showed resilience, with stocks like New Yisheng hitting the daily limit and reaching a historical high [1]. - Rare earth permanent magnet concept stocks also saw a surge, with Huahong Technology hitting the daily limit [1]. - Conversely, the photovoltaic sector faced corrections, exemplified by Guosheng Technology hitting the daily limit down [1]. Trading Volume - The total trading volume in the Shanghai and Shenzhen markets reached 1.08 trillion yuan, an increase of 108.5 billion yuan compared to the previous trading day [1].

Core Viewpoint - The CPO sector in the A-share market experienced a significant rally, with several companies achieving substantial gains, particularly New Yisheng, which hit the daily limit up of 20% [1]. Group 1: Market Performance - New Yisheng (300502) surged by 20%, with a total market capitalization of 156.1 billion and a year-to-date increase of 91.04% [2]. - Shijia Photon (688313) rose by 14.67%, with a market cap of 22.6 billion and a year-to-date increase of 200.43% [2]. - Zhongji Xuchuang (300308) increased by 14.40%, with a market cap of 190.4 billion and a year-to-date increase of 39.33% [2]. - Tianfu Communication (300394) saw a rise of 12.75%, with a market cap of 74.5 billion and a year-to-date increase of 47.67% [2]. - Other notable performers included Taicheng Light (300570) up 7.45%, and Lian Te Technology (301205) up 7.43% [1][2]. Group 2: Company Earnings - New Yisheng is expected to report a net profit of 3.7 billion to 4.2 billion for the first half of the year, representing a year-on-year growth of 327.68% to 385.47%, with the second quarter net profit projected at 2.1 billion to 2.6 billion, a year-on-year increase of 289% to 380% [2]. - Cambridge Technology anticipates a net profit of 120 million to 128 million for the first half, reflecting a year-on-year growth of 50.12% to 60.12%, with the second quarter net profit expected to be 90 million to 98 million, a year-on-year increase of 67% to 81%, significantly exceeding market expectations [2].

CPO概念股爆发，新易盛20cm涨停，股价创历史新高；中际旭创涨超13%，天孚通信涨逾9%。 ETF方面，云50ETF、通信设备ETF、创业板人工智能ETF国泰、创业板人工智能ETF华宝、创业板人工智能ETF南方、创业板人工智能 ETF华夏、通信ETF、5GETF涨超5%；人工智能ETF富国、5G通信ETF、云计算ETF沪港深、云计算ETF华泰柏瑞、 5G50ETF、通信ETF 南方涨超4%。 | 证券代码 | 证券简称 | 当日涨跌 | 基金管理人 | | --- | --- | --- | --- | | 560660.SH | 云50ETF | 5.68% | 新华基金 | | 159583.SZ | 通信设备ETF | 5.62% | 昌国音尖 | | 159388.5Z | 创业板人工智能ETF国泰 | 5.61% | 国泰县金 | | 159363.SZ | 创业板人工智能ETF华宝 | 5.58% | 走雪童等 | | 159382.SZ | 创业板人工智能ETF南方 | 5.47% | 南方基金 | | 159381.SZ | 创业板人工智能ETF华夏 | 5.42% | 走直看会 | | 5 ...

A股创业板指日内涨超2%，深证成指涨0.91%，上证指数涨0.15%，CPO、稀土永磁、铜缆高速连接等 板块涨幅居前。 ...

Group 1 - New Yisheng's mid-year performance forecast indicates a significant increase in net profit, expected to be between 3.7 billion to 4.2 billion yuan, representing a year-on-year growth of 327.68% to 385.47% [3] - The company benefits from the continuous growth in AI-related computing power investments, product structure optimization, and increasing demand for high-speed products [3] - The CPO market is projected to grow from 46 million USD in 2024 to 8.1 billion USD by 2030, with a compound annual growth rate of 137%, driven by the explosion of AI large models and generative AI [3] Group 2 - The AI demand, especially from new enterprises, is rapidly increasing, leading to sustained high capital expenditures in AI [4] - The optical module industry, as a foundational component for expanding computing power clusters, still possesses high growth potential [4] - It is recommended to focus on high-speed optical modules and related components in the computing power industry chain, including CPO and PCB stocks [4] Group 3 - The Huabao ETF, the first in the market tracking the ChiNext AI index, has seen a significant increase, with a 5% rise and a trading volume exceeding 55 million yuan [1][4] - The ETF aims to capture opportunities in the AI sector by including leading stocks in optical modules and related fields [4]

Core Viewpoint - The three major indices opened higher, with the ChiNext Index rising by 0.65% [1] Group 1: Market Performance - The Shanghai Composite Index opened slightly higher [1] - The Shenzhen Component Index opened up by 0.15% [1] - The ChiNext Index experienced a rise of 0.65% [1] Group 2: Sector Performance - The CPO, titanium dioxide, and intelligent robotics sectors showed significant gains [1]

Group 1 - The A-share market continues its recovery trend, with active sectors including lithium mining, central enterprise banks, and ultra-high voltage, while the TMT sector is preparing for a pullback [1] - The AI ETF on the ChiNext, Huaxia (159381), shows active buying interest, with funds being subscribed during trading [1] - Demand for high-performance chips like GPUs is expected to drive the demand for related equipment such as optical modules, PCBs, and switches, benefiting leading domestic manufacturers [1] Group 2 - The ChiNext AI ETF Huaxia (159381) tracks the ChiNext AI Index, selecting AI-focused companies listed on the ChiNext, with a daily price fluctuation limit of ±20% [2] - The optical module CPO concept stocks account for over 33% of the ETF's weight, with the top three constituent stocks being NewEase, Zhongji Xuchuang, and Tianfu Communication [2] - The management fee rate is currently 0.15%, and the custody fee rate is 0.05%, making the overall fee rate the lowest among comparable funds [2]