【导读】A股三大指数涨跌互现，固态电池、光刻机概念板块走强；人形机器人概念板块下跌 中国基金报记者 张舟 9月19日上午，A股三大股指涨跌互现。截至午间收盘，沪指报3830.65点，微跌0.03%，深证成指涨0.32%，创业板指涨0.16%。 沪深两市半日成交额超1.49万亿元，个股跌多涨少，市场共1890只个股上涨，48只个股涨停，3406只个股下跌。 个股方面，波长光电大涨15.01%，腾景科技涨逾14%。福晶科技、茂莱光学、新莱应材、晶瑞电材、苏大维格等涨幅居前。 | 代码 | 名称 | 现价 | 涨跌幅 | 总市值 | 年初至今 | | --- | --- | --- | --- | --- | --- | | 301421 | 波长光电 | 108.68 | 15.01% | 126亿 | 102.82% | | 688195 | 腾景科技 | 131.35 | 14.26% | 170亿 | 227.54% | | 002222 | 福晶科技 | 49.12 | 7.06% | 231亿 | 52.06% | | 688502 | 茂莱光学 | 469.36 | 6.02% | 248亿 | 13 ...

Market Overview - The market experienced weak fluctuations in the early session, with the three major indices rising and then retreating, while the CSI A500 Index increased by 0.32% [1] - The A500-related ETFs saw slight increases, with 11 ETFs exceeding a transaction volume of 100 million yuan, and 3 surpassing 2.6 billion yuan [1] Sector Performance - The lithography machine concept stocks continued to show strength, while the film and theater sector experienced a strong rebound [1] - The optical communication sector was actively traded, whereas the robotics sector faced significant divergence [1] ETF Trading Data - The A500 ETF Fund had a trading volume of 3.951 billion yuan, with a price increase of 0.35% [2] - The Huatai-PB A500 ETF recorded a trading volume of 2.734 billion yuan, with a price increase of 0.25% [2] - The CSI A500 ETF had a trading volume of 2.659 billion yuan, with a price increase of 0.44% [2] Economic Context - A brokerage noted that the Federal Reserve's timely interest rate cut has alleviated pressure on the RMB exchange rate and domestic liquidity constraints [1] - However, major indices are currently at high levels, leading to increased capital divergence and short-term adjustment pressure [1]

*ST高鸿连续6日跌停，*ST海源、新华锦、美邦服饰等跌停。 连板股方面，天普股份13连板，泰慕士5连板，杭电股份4连板，*ST宁科5天3板，长飞光纤4天3板，云 南旅游3连板，富佳股份、世嘉科技等3天2板，福龙马、*ST亚振等2连板，国睿科技、德明利等涨停。 9月19日午间，A股半日下来共有46只涨停股、12只跌停股。新疆国资概念活跃，新疆交建、天富能源 涨停；光刻机概念走强，永新光学3连板，凯美特气3天2板，海立股份涨停；能源金属板块上涨，赣锋 锂业涨停。 ...

值得注意的是，永新光学已连续3个交易日涨停。公司昨日晚间提示，经自查，未发现对公司股票交易 价格产生重大影响的媒体报道。公司关注到部分媒体将公司列入半导体、光刻机（胶）概念。公司主营 业务为光学显微镜及光学元组件产品，业务模式未发生重大变化。公司产品商业模式偏向定制化、多品 种、小批量，应用领域广泛且相对分散。光刻机相关光学元组件业务占公司营收比重较小，占公司营业 收入比重不足1%，目前不是公司的核心业务，不会对公司当期业绩产生重大影响。敬请投资者审慎对 待，谨防热点概念型炒作，注意投资风险。 光刻机概念19日盘中再度走强，截至发稿，波长光电20%涨停续创新高，腾景科技涨约14%亦创出新 高，凯美特气、永新光学、海立股份等均涨停；茂莱光学涨约8%，盘中一度涨超10%，逼近500元大关 创历史新高。 ...

Core Viewpoint - The photolithography machine concept stocks have shown significant strength in trading, with several companies reaching new highs, indicating a strong market interest in this sector [1] Group 1: Stock Performance - Guanghua Optoelectronics has reached a 20% limit up, continuing to set new highs [1] - Tengjing Technology has increased by approximately 14%, also achieving a new high [1] - Other companies such as Kaimete Gas, Yongxin Optical, and Haili Co. have also hit the limit up [1] - Maolai Optical has risen by about 8%, nearing the historical high of 500 yuan [1] - Yongxin Optical has experienced three consecutive trading days of limit up [1] Group 2: Company Specifics - Yongxin Optical has stated that it has not found any media reports that significantly impact its stock trading price [1] - The company acknowledges being associated with the semiconductor and photolithography machine concepts but clarifies that its main business involves optical microscopes and optical components [1] - The optical components related to photolithography machines account for less than 1% of Yongxin Optical's revenue, indicating it is not a core business and will not significantly affect current performance [1] - The company's business model is characterized by customization, a variety of products, and small batch production, with applications across diverse fields [1]

Group 1 - Yongxin Optical (603297.SH) announced on September 18 that it did not find any media reports significantly impacting its stock price after an internal review [1] - The company noted that some media outlets have categorized it within the semiconductor and lithography machine sectors, which have recently become active [1] - On September 9, the Ministry of Industry and Information Technology published a document listing the first major technical equipment promotion application guidance catalog for 2024, which includes fluorinated krypton and fluorinated argon lithography machines under electronic special equipment [1] Group 2 - According to Yongxin Optical's 2025 semi-annual report, its semiconductor optical business has secured multiple projects for lithography and measurement equipment from leading companies due to its technological advantages [1] - The optical components and modules are expected to gradually convert starting from the second half of the year [1] - In the first half of 2025, the company achieved operating revenue of 441 million yuan, a year-on-year increase of 2.95%, and a net profit attributable to shareholders of 108 million yuan, a year-on-year increase of 8.75% [1]

Market Performance - As of September 18, the photolithography concept index rose by 0.83%, ranking 6th among concept sectors, with 23 stocks increasing in value [1] - Notable gainers included Yongxin Optical, which hit the daily limit, and other companies like Chipbond Microelectronics and Wavelength Optoelectronics, which rose by 7.59%, 7.24%, and 4.54% respectively [1] Sector Comparison - The top-performing concept sectors included F5G concept (+1.45%), Co-packaged Optics (+1.35%), and Copper Cable High-Speed Connection (+1.27%), while sectors like Lead and Zinc saw declines of -3.94% and -3.88% respectively [2] Capital Flow - The photolithography sector experienced a net outflow of 631 million yuan, with 18 stocks seeing net inflows and 5 stocks exceeding 50 million yuan in net inflows [2] - Chipbond Microelectronics led the net inflow with 63.67 million yuan, followed by Zhangjiang Hi-Tech and Fulede with inflows of 58.05 million yuan each [2] Stock Performance - The stocks with the highest net inflow ratios included Fulede (7.22%), Yongxin Optical (7.11%), and Zhongrun Optics (6.44%) [3] - Chipbond Microelectronics had a daily increase of 7.59% with a turnover rate of 10.06% and a net inflow of 63.67 million yuan [3] Decliners - The stocks with the largest declines included Hongtian Co. (-6.81%), Tongfei Co. (-2.87%), and Xuguang Electronics (-2.77%) [5] - Notably, the photolithography sector saw significant outflows from stocks like Wavelength Optoelectronics, which had a net outflow of 152.25 million yuan despite a daily increase of 7.24% [5]

光大期货金融期货日报 请务必阅读正文之后的免责条款部分 EVERBRIGHT FUTURES 1 光大期货金融期货日报 | | | 加权利率上行 | 4bp | 至 | 1.54%。近期债市遭遇了债基大量赎回带来的利空压制， | | --- | --- | --- | --- | --- | --- | | 8 | 月 | CPI | 同比转负、但 | | PPI 筑底回升，社融增幅如期回落，实体融资需求偏 | | | | | | | 弱，居民存款搬家现象持续。短期来看，基本面多空交织背景下，债市尚未 | | | | | | 出现明确拐点信号，仍以宽幅震荡看待。 | | 光大期货金融期货日报（2025 年 09 月 18 日） 一、研究观点 | 品种 | 点评 市场全天低开高走，创业板指午后涨超 2%，再创三年多以来新高。个股跌 | 观点 | | --- | --- | --- | | | 多涨少，沪深京三市约 2800 股飘绿，今日成交 2.4 万亿。截止收盘沪指涨 | | | | 0.37%，深成指涨 1.16%，创业板指涨 1.95%。8 月经济数据发布，消费、投 | | | | 资等需求端指标环比均有 ...

市场分析 国内政策预期升温。国内8月外部压力边际增加，一是中国8月出口有所转弱，尤其是对美出口，但非美出口的韧 性也对后续出口提供支撑；另一方面是外部关税压力有所增加，墨西哥拟对贸易伙伴加征关税，据英国《金融时 报》和路透社披露，特朗普鼓动欧盟对中国和印度加征"二级关税"；为了应对边际增加的外部压力，国内近期频 提稳增长政策。9月10日，财政部长明确表示，"持续发力、适时加力实施更加积极有为的宏观政策"；发改委也表 示"不断释放内需潜力""推进重点行业产能治理"。关注后续更具体的政策内容。商务部等9部门印发《关于扩大服 务消费的若干政策措施》，提出将在约50城开展消费新业态、新模式、新场景试点建设下来，还将出台住宿业高质 量发展、铁路与旅游融合发展等一系列特色文件，形成政策组合拳。商务部决定自2025年9月13日起对原产于美国 的进口相关模拟芯片进行反倾销立案调查。中美双方在西班牙马德里举行经贸会谈，就以合作方式妥善解决TikTok 问题、减少投资障碍、促进有关经贸合作等达成了基本框架共识。特朗普签署行政令，第四次延长对TikTok的禁 令执行宽限期，本次延迟三个月至12月16日。此外，中国8月新增社融2.5 ...

Market Performance - On September 17, the market showed a strong rebound with major indices recovering from earlier lows, leading to over 2,500 stocks rising across the market [1] - The trading volume in the Shanghai and Shenzhen markets reached 2.38 trillion yuan, an increase of 35.3 billion yuan compared to the previous trading day [1] Fund Performance Top Performing Funds - The top performing fund for the day was Jin Xin Selected Growth A, with a daily net value growth rate of 7.71% and a year-to-date return of 46.49% [2] - Other notable funds included Jin Xin Stable Strategy A with a 7.47% daily increase and a year-to-date return of 42.4%, and Jin Xin Industry Preferred A with a 7.45% daily increase and a year-to-date return of 44.69% [2] Underperforming Funds - The worst performing fund was Qianhai Kaiyuan Gold and Silver Jewelry A, which saw a daily net value decrease of 2.5% but still had a year-to-date return of 65.42% [3] - Other underperformers included Huafu Yongxin A with a -2.41% daily return and a year-to-date return of 67.93%, and Yin Hua Tong Li Selected with a -2.15% daily return and a year-to-date return of 49.47% [3] Bond Fund Performance - The top performing bond fund was Bosera Pu Hui One-Year Holding A, with a daily net value growth rate of 2.18% and a year-to-date return of 25.8% [4] - Other notable bond funds included Golden Eagle Yuan Feng A with a 2.17% daily increase and a year-to-date return of 31.11%, and ICBC Balanced Return 6-Month Holding A with a 1.9% daily increase and a year-to-date return of 10.37% [4] Company News - Tianpu Co., Ltd. announced that its stock trading suspension for verification has been completed, and it will resume trading on September 18, 2025 [5] - The company had previously experienced a continuous rise in stock price for 11 trading days, leading to a halt for verification of trading anomalies [5]