证券研究报告 [Table_Title] 每日复盘 2025 年 09 月 15 日 2025 年 9 月 15 日沪指全天走势震荡，创业板指走强 报告要点： 2025 年 9 月 15 日沪指全天走势震荡，创业板指走强。上证指数下跌 0.26%，深证成指上涨 0.63%，创业板指上涨 1.51%。市场成交额 23031.45 亿 元，较上一交易日减少 2451.68 亿元。全市场 1916 只个股上涨，3376 只个 股下跌。 风格上看，各指数涨跌幅排序为：成长>周期>消费>0>稳定>金融；大盘 成长>中盘成长>小盘价值>小盘成长>中盘价值>大盘价值；基金重仓股表现 优于中证全指。 分行业看，30 个中信一级行业涨跌互现；表现相对靠前的是：电力设备 及新能源（2.25%），汽车（1.80%），农林牧渔（1.76%）；表现相对靠后的 是：通信（-1.32%），国防军工（-1.08%），综合（-1.02%）。概念板块方 面，多数概念板块下跌，猪肉、云游戏、电子竞技等大幅上涨；军工信息 化、太赫兹、铜缆高速连接等板块走低。 资金筹码方面，主力资金 9 月 15 日净流出 597.54 亿元。其中超大单净 流出 3 ...

截至9月15日收盘，云游戏概念上涨2.63%，位居概念板块涨幅第2，板块内，19股上涨，星辉娱乐20% 涨停，冠捷科技、完美世界、禾盛新材等涨停，三七互娱、巨人网络、游族网络等涨幅居前，分别上涨 6.41%、6.14%、2.53%。跌幅居前的有歌华有线、大富科技、国脉文化等，分别下跌3.64%、2.61%、 2.16%。 今日涨跌幅居前的概念板块 | 概念 | 今日涨跌幅（%） | 概念 | 今日涨跌幅（%） | | --- | --- | --- | --- | | 猪肉 | 2.82 | 军工信息化 | -1.35 | | 云游戏 | 2.63 | 太赫兹 | -1.34 | | 电子竞技 | 2.53 | 铜缆高速连接 | -1.30 | | 手机游戏 | 1.88 | 国产航母 | -1.29 | | 养鸡 | 1.80 | 数据确权 | -1.26 | | 网约车 | 1.57 | 超导概念 | -1.19 | | 网络游戏 | 1.55 | 光纤概念 | -1.16 | | CRO概念 | 1.44 | 无人零售 | -1.11 | | 动物疫苗 | 1.30 | 智谱AI | -1.05 | | ...

Group 1 - The cloud gaming sector saw a rise of 2.10%, ranking fourth among concept sectors, with 20 stocks increasing in value, including Giant Network and ST Kevin reaching their daily limit up [1][2] - Notable gainers in the cloud gaming sector included Xihua Entertainment, which rose by 11.29%, followed by ST Zhongqingbao at 4.16% [1][2] - The sector experienced a net inflow of 111 million yuan from main funds, with Perfect World leading the inflow at 165 million yuan [2][3] Group 2 - The top stocks by net inflow ratio included Perfect World at 11.84%, followed by Sheng Tian Network at 11.12% and He Sheng New Materials at 10.80% [3][4] - The trading volume and turnover rates for key stocks in the cloud gaming sector were significant, with Xihua Entertainment showing a turnover rate of 16.91% [3][4] - Decliners in the sector included Oriental Pearl and Sanqi Interactive Entertainment, which fell by 3.40% and 2.37% respectively [1][4]

Market Performance - As of April 28, the cloud gaming sector rose by 0.62%, ranking fourth among concept sectors, with 13 stocks increasing in value, including ST Kevin which hit the daily limit, and others like Sheng Tian Network, Perfect World, and Tian Zhou Culture showing gains of 9.47%, 6.35%, and 4.85% respectively [1] - The top decliners in the sector included *ST Peng Bo, AOC Technology, and ST Zhong Qing Bao, with declines of 4.41%, 3.63%, and 3.59% respectively [1] Capital Flow - The cloud gaming sector experienced a net outflow of 265 million yuan, with 11 stocks seeing net inflows, and 5 stocks receiving over 10 million yuan in net inflows. The leading stock in net inflow was Giant Network, with a net inflow of 45.30 million yuan, followed by Sheng Tian Network, ST Huaton, and Feng Assistant [2] - The net inflow ratios for the top stocks were led by Giant Network at 7.91%, Sheng Tian Network at 7.21%, and ST Huaton at 6.17% [3] Stock Performance - The stock performance of key players in the cloud gaming sector included Giant Network with a rise of 3.40% and a turnover rate of 2.08%, Sheng Tian Network with a significant increase of 9.47% and a turnover rate of 12.05%, and ST Huaton with a modest increase of 0.86% and a turnover rate of 1.10% [3][4] - Other notable performers included ST Kevin with a rise of 5.16% and a turnover rate of 3.18%, while stocks like *ST Peng Bo and AOC Technology faced declines of 4.41% and 3.63% respectively [4]

Group 1 - The stock of Puli Pharmaceutical (普利制药) entered the delisting preparation period, with its stock price plummeting by over 70% at one point, reaching a maximum drop of 77.51% during trading [4][5][7] - The company previously announced that its 2021 and 2022 annual reports contained false records, with a total false profit amounting to 669 million yuan, accounting for 73.83% of the total disclosed profits for those two years [7] - The delisting preparation period for the company's stock and convertible bonds started on April 28, 2025, lasting for fifteen trading days, with the expected last trading date on May 21, 2025 [7][8] Group 2 - During the delisting preparation period, the company's stock will trade on the Shenzhen Stock Exchange's risk warning board, with no price limits on the first day, followed by a daily limit of 20% thereafter [8] - The company has warned investors that its stock is classified as a special security under the Shenzhen Stock Connect, meaning investors can only sell and not buy, which may affect future trading [8] Group 3 - In the A-share market, other sectors such as steel, internet, banking, and electricity showed gains, while real estate, tourism, and home goods sectors experienced declines [2] - Goldwind Technology (金风科技) reported a significant increase in its first-quarter revenue for 2025, achieving 9.472 billion yuan, a year-on-year growth of 35.72%, and a net profit of 568 million yuan, up 70.84% [3]