A股市场今天（12月12日）上午整体窄幅波动，通信和电子两大板块领涨。 关注A股、港股市场早盘表现。 概念板块方面，可控核聚变、特高压等概念板块领涨。 "国产GPU第一股"股价一度重挫逾19% 个股方面，此前股价连续大涨的摩尔线程上午出现调整，盘中股价跌破800元大关，一度重挫逾19%，后跌幅有所收窄。 A股通信和电子两大板块领涨 A股市场今天（12月12日）上午整体窄幅波动。 | 代码 | 名称 | 现价 | 涨跌 | 涨跌幅 | | --- | --- | --- | --- | --- | | 000001 | 上证指数 | 3871.78 | -1.54 | -0.04% | | 399001 | 深证成指 | 13222.51 | 75.12 | 0.57% | | 899050 | 北证50 | 1459.36 | 16.19 | 1.12% | | 881001 | 万得全A | 6248.80 | 29.42 | 0.47% | | 000688 | 科创20 | 1335.41 | 9.58 | 0.72% | | 399006 | 创业板指 | 3182.68 | 19.01 | 0.60 ...

人民财讯12月12日电，A股三大指数早盘震荡，截至午间收盘，沪指跌0.04%，深证成指涨0.57%，创业 板指涨0.6%。盘面上，可控核聚变概念走强，四创电子、国机重装等多股涨停；电网设备板块强势， 中能电气20%涨停，中国西电、风范股份等多股涨停；此外，商业航天概念、特高压、贵金属、工程机 械、超导概念等涨幅居前；零售、医药商业、免税店、海南自贸区等板块跌幅居前。全市场半日成交额 超1.2万亿元，较昨日放量近800亿元，超3200只个股上涨。 ...

关注A股、港股市场早盘表现。 A股市场今天（12月12日）上午整体窄幅波动，通信和电子两大板块领涨。 个股方面，此前股价连续大涨的摩尔线程上午出现调整，盘中股价跌破800元大关，一度重挫逾19%，后跌幅有所收窄。 A股通信和电子两大板块领涨 电子板块也领涨市场。截至午间收盘，国瓷材料、晶丰明源涨幅超过10%，西陇科学涨停。 | 代码 | 名称 | 现价 | 涨跌 | 涨跌幅 | | --- | --- | --- | --- | --- | | 300285 | 国瓷材料 | 27.64 | 4.31 | 18.47% | | 688368 | 晶丰明源 | 111.90 | 15.22 | 15.74% | | 002584 | 西陇科学 | 9.35 | 0.85 | 10.00% | | 688662 | 富信科技 | 60.44 | 5.25 | 9.51% | | 301183 | 东田微 | 195.93 | 16.93 | 9.46% | | 688195 | 腾景科技 | 197.99 | 15.38 | 8.42% | | 688172 | 燕矢微 | 26.55 | 1.90 | 7.71 ...

Core Insights - The electric grid equipment sector has experienced a strong rebound, driven by multiple favorable factors including breakthroughs in controllable nuclear fusion and the increasing demand for electricity in global data centers due to AI computational power [1][2]. Group 1: Market Performance - The only electric grid equipment ETF (159326) saw a 3% increase, with a trading volume reaching 281 million yuan, and several stocks within the ETF hitting the daily limit [1]. - Notable stocks such as Neng Electric, China Xidian, and Huazhong Cable experienced significant gains, with some stocks rising over 8% and TBEA increasing by more than 6% [1]. Group 2: Industry Trends - A recent report from Goldman Sachs highlighted that electricity supply has become a major obstacle for AI development, predicting a 160% increase in electricity demand from global data centers by 2030 [1]. - The aging power grids in Europe and the United States require urgent upgrades, creating opportunities for the electric grid equipment sector [1]. Group 3: Policy and Long-term Outlook - CITIC Securities emphasized the importance of a new energy system in the "14th Five-Year Plan," focusing on long-term development priorities such as consumption, resilience, and electrification in power system construction [1]. - The policy guidance is expected to solidify long-term opportunities in areas such as ultra-high voltage, flexible direct current transmission, and smart grids [1].

Market Overview - The three major stock indices showed mixed results, with the ChiNext index rebounding after hitting a low. The Shanghai Composite Index closed at 3871.78 points, down 0.04%, while the Shenzhen Component Index rose 0.57% to 13222.51 points, and the ChiNext Index increased by 0.60% to 3282.68 points. Overall, more than 3200 stocks rose [2]. Sector Performance - The electric grid equipment sector saw significant gains, with companies like CNE Electric hitting the daily limit up of 20%. Other stocks in this sector also performed well [4]. - The controllable nuclear fusion sector showed strength, with Tianli Composite rising over 20% [2]. - The CPO sector experienced an upward trend, with Lian Te hitting the daily limit up and Dongtian Micro rising over 10%, reaching a historical high [2]. - The precious metals sector was active and led the gains, while the Hainan sector weakened and led the declines. The retail concept sector also saw a drop, with some stocks hitting the daily limit down [3]. Key Developments - A report indicated that NVIDIA plans to host a private summit next week, inviting startups focused on solving power issues in data centers, which could hinder AI development [4]. - According to TrendForce, the global market for optical transceiver modules over 800G is expected to grow significantly, reaching 24 million units by 2025 and nearly 63 million units by 2026, marking a growth rate of 2.6 times [5]. Policy and Economic Outlook - The Shandong Provincial Government has launched an action plan for high-quality development in the AI industry, focusing on core technologies such as computer vision and AI chips, with plans to initiate over 150 research projects annually [6]. - The Central Political Bureau meeting emphasized "quality improvement and efficiency enhancement" for the economy, which is expected to provide stability and confidence for the A-share market [9]. - Industry analysts suggest that the upcoming Central Economic Work Conference may provide clearer policy guidance, which could further invigorate market activity [10].

Core Viewpoint - The article discusses the performance of the A-share market, highlighting the fluctuations in major indices and the active sectors, particularly in commercial aerospace and nuclear fusion concepts, while noting weaknesses in lithium battery electrolyte and banking sectors [3][4]. Market Performance - As of midday, the Shanghai Composite Index fell by 0.04%, while the Shenzhen Component rose by 0.57%, and the ChiNext Index increased by 0.6% [3]. - The total trading volume in the Shanghai and Shenzhen markets reached 1.24 trillion yuan, an increase of 80 billion yuan compared to the previous trading day, with over 3,200 stocks rising [4]. Sector Highlights - The following sectors showed notable gains: - Electric grid equipment: +3.75% - Controlled nuclear fusion: +3.06% - Flexible DC transmission: +3.04% - Precious metals: +2.72% - Superconducting concepts: +2.48% [4]. - Conversely, the fluorochemical sector declined, with companies like Multi-Fluor hitting the daily limit down [6]. Stock Movements - In the Hong Kong market, electric power equipment stocks performed well, with Harbin Electric rising over 6% [8]. - Lithium mining concepts saw a surge, with Jin Yuan shares hitting the daily limit up, and major players like Dazhong Mining and Blue Sky Technology also rising [9]. - The retail sector experienced a downturn, with several companies, including Dongbai Group and Yonghui Supermarket, hitting the daily limit down [9]. Economic Indicators - The central bank conducted a 120.5 billion yuan reverse repurchase operation with a rate of 1.4%, while 139.8 billion yuan of reverse repos matured on the same day [16]. - The RMB to USD central parity rate was reported at 7.0638, an increase of 48 basis points from the previous trading day [17].

Core Insights - The controllable nuclear fusion sector is experiencing significant market activity, with multiple stocks reaching their daily limit up, driven by the commercial potential of nuclear fusion technology [1] - The International Energy Agency predicts that the global nuclear fusion market could approach $500 billion by 2030, approximately 3.5 trillion yuan, highlighting the accelerating trend of nuclear fusion technology moving from laboratory to commercial application [1] Sector Analysis - **Superconducting Materials Sector**: The demand for high-performance superconducting materials is expected to rise as controllable nuclear fusion devices require strong magnetic fields, providing growth opportunities for related companies [2] - **Core Component Manufacturing Sector**: The precision manufacturing of core components like vacuum chambers and dewars is critical, and the initiation of various fusion projects will lead to increased orders for companies with advanced manufacturing capabilities [2] - **Power Equipment Sector**: Companies specializing in high-performance power supply systems for magnetic fields and heating will see demand growth as the industry develops, opening up market opportunities [2] Key Company Highlights - **Snowman Group**: Achieved two consecutive limit-up days, becoming one of the leading stocks in the sector, with business alignment and technical reserves that attract market attention [3] - **Hezhong Intelligent**: Involved in the development of vacuum chambers for fusion devices, benefiting from the sector's growth due to its strong background in high-end equipment manufacturing [3] - **Western Superconducting Technologies**: A leading domestic producer of superconducting materials, has developed engineering production technology for NbTi superconducting wire used in fusion projects, contributing to its stock performance [3] - **Aikesaibo**: Provides critical support services for magnetic and heating power supplies in fusion projects, with applications in several national projects, resulting in a stock increase of over 11% [3]

Group 1 - The Federal Reserve announced a rate cut of 25 basis points, bringing the federal funds rate target range to 3.50%-3.75%, aligning with market expectations for a "hawkish rate cut" [2][7][9] - This marks the third consecutive rate cut by the Federal Reserve, totaling a cumulative reduction of 75 basis points for the year [2][7][9] - Despite the rate cut, the dot plot indicates a conservative outlook for future rate cuts, with expectations of only one cut in 2026, which dampens market optimism for a prolonged easing cycle [2][7][9] Group 2 - The A-share market's core drivers remain focused on domestic economic fundamentals and corporate earnings expectations, despite external monetary policy changes [3][7] - The domestic economy is in a recovery phase, but there are still issues such as insufficient total demand that need to be addressed, and signals of sustained improvement in corporate profitability require further confirmation [3][7] - Investors are advised to focus on low-entry opportunities and align with sector rotation trends, selecting stocks with earnings support while avoiding high-valuation stocks lacking performance backing [3][8] Group 3 - On the trading day, the three major indices in the A-share market experienced collective declines, with the Shanghai Composite Index closing at 3873.32 points, down 0.70% [5] - The trading volume for the day was 18,571 billion, indicating a general lack of market enthusiasm and profitability [5] - Specific sectors such as wind power equipment and non-metallic materials saw gains, while real estate and commercial retail sectors faced declines [4][5] Group 4 - The controlled nuclear fusion concept stocks were notably active, driven by ongoing international cooperation in nuclear energy, highlighting its potential as a significant future energy source [6] - The commercial aerospace sector also showed resilience, benefiting from recent policy clarifications and the establishment of dedicated regulatory bodies, which provide a more stable development environment for the industry [6]

Group 1: Fusion Energy Sector - The controlled nuclear fusion concept is gaining strength, with companies like Snowman Group and Hualing Cable achieving consecutive trading limits, and Tianli Composite recording a 30% increase, marking two consecutive trading limits [1] - The International Energy Agency predicts that by 2030, the global nuclear fusion market could reach nearly $500 billion (3.5 trillion RMB) [1] Group 2: Lithium Mining Sector - Lithium mining stocks experienced a surge, with Jinyuan Co. (000546) hitting the trading limit, and companies like Xinxinda, Western Mining, and Guocheng Mining also seeing increases [3][4] - Jinyuan Co. recorded a price of 6.59, up 10.02%, with a total market value of 5.125 billion and a floating value of 4.591 billion [5] Group 3: Commercial Aerospace Sector - The commercial aerospace concept is also showing strong performance, with Chaojie Co. hitting a 20% trading limit, and Zhongchao Holdings achieving two consecutive trading limits [6] - Companies like Tianli Composite and Hualing Cable are among those experiencing significant gains in this sector [7][8]

Core Insights - The controllable nuclear fusion sector is experiencing significant activity, with multiple stocks reaching their daily limit up, indicating strong investor interest and market momentum [1][2] - The market is driven by the promising prospects of controllable nuclear fusion as a "ultimate energy" source, transitioning from experimental validation to engineering demonstration phase, with new projects set to launch bidding soon [2][3] Stock Performance - Tianli Composite (920576) saw a price increase of 30%, with a year-to-date growth of 182.45% and a trading volume of 5.16 billion [2] - Xuren Group (002639) rose by 9.99%, with a year-to-date increase of 165.11% and a trading volume of 30.48 billion [2] - Other notable performers include Guojizhongzhuang (601399) up 9.98%, Falsen (000890) up 9.93%, and China First Heavy Industries (601106) up 9.89% [2] Market Trends - The International Energy Agency predicts that the global nuclear fusion market could approach $500 billion (3.5 trillion RMB) by 2030, highlighting the sector's growth potential [3] - Recent grassroots research indicates that multiple new projects, including "Xinghuo No. 1" in Jiangxi and "Xianjue" in Chengdu, are set to begin preliminary bidding within the year, marking a shift towards industrialization [3] Sector Analysis - The superconducting materials sector is expected to benefit significantly from the demand for high-performance superconducting magnets essential for plasma confinement in fusion devices [4] - The core component manufacturing sector will see increased orders for precision components like tungsten-based filters and vacuum chambers, which require high-temperature resistance and radiation tolerance [4] - The high-end equipment and system integration sector will experience growth opportunities as large experimental and demonstration reactors require comprehensive design and integration capabilities [4] Supporting Systems - The power supply and control systems sector is crucial for providing stable magnetic fields and heating power, with companies that have historically supported research projects likely to secure bulk orders during the industrialization phase [5]