Workflow
产业政策支持
icon
Search documents
港股科技ETF(513020)涨超1.7%,连续10日净流入近6亿元,机构:科技板块成长弹性受关注
Mei Ri Jing Ji Xin Wen· 2025-09-30 07:00
方正证券指出,科技板块具有天然的成长风格属性,定义为电子、传媒、计算机、通信等四个申万一级 行业。科技股的定价逻辑侧重于远期自由现金流的贴现,对利率环境敏感,低利率环境助长估值提升。 港股科技作为权重板块,汇聚了腾讯、美团等独有的科技龙头标的,与A股科技互补,配置价值显著。 科技板块的核心驱动力已从互联网模式创新转向AI与硬科技创新,叠加产业政策支持和估值修复,或 将迎来行情爆发。 注:如提及个股仅供参考,不代表投资建议。指数/基金短期涨跌幅及历史表现仅供分析参考,不预示 未来表现。市场观点随市场环境变化而变动,不构成任何投资建议或承诺。文中提及指数仅供参考,不 构成任何投资建议,也不构成对基金业绩的预测和保证。如需购买相关基金产品,请选择与风险等级相 匹配的产品。基金有风险,投资需谨慎。 港股科技ETF(513020)跟踪的是港股通科技指数(931573),该指数从通过港股通交易的香港上市公 司中选取信息技术、电子零件及互动媒体等科技相关行业的证券作为指数样本,并精选市值最高的30只 成分股。该指数聚焦于TMT与互联网领域,以反映港股市场科技板块上市公司证券的整体表现,具有 较高的科技含量和成长性特征。 ...
2025年中国钨行业市场前景预测研究报告
Investment Rating - The report does not explicitly provide an investment rating for the tungsten industry Core Insights - Tungsten is an irreplaceable material in various sectors such as industrial, military, and aerospace due to its unique physical and chemical properties [1][3] - The demand for tungsten materials and products is continuously growing, particularly in hard alloys, cutting tools, and photovoltaic tungsten wire applications [1] - China holds a significant position in the global tungsten market, with a resource reserve of 2.3 million tons, accounting for 52.27% of the world's total [11] - The government has implemented policies to support the development and utilization of tungsten resources, ensuring favorable conditions for industry growth [6][7] Industry Overview - Tungsten is classified as a strategic mineral in China, with its mining regulated to prevent over-exploitation [3][11] - The main applications of tungsten include mechanical processing, aerospace, defense, electronics, and transportation [3] - The report highlights the importance of tungsten in high-temperature and high-density applications, particularly in hard alloys and tungsten-based products [4] Market Demand and Supply - The production of tungsten concentrate in China is projected to reach 133,100 tons in 2025, reflecting a growth trend [15] - The APT (Ammonium Paratungstate) production is expected to increase to 132,000 tons in 2025, indicating a robust demand for tungsten compounds [16] - The tungsten material production is forecasted to grow significantly, reaching 20,600 tons in 2025, driven by advancements in technology and industrial applications [18] Key Enterprises - Xiamen Tungsten Co., Ltd. is a leading player in the tungsten industry, with a comprehensive production chain and a market share exceeding 70% in tungsten wire [26] - Zhongtung High-tech Materials Co., Ltd. specializes in hard alloys and has a significant market presence in cutting tools [32] - Luoyang Molybdenum Co., Ltd. is a major global producer of tungsten and other metals, with a revenue of 213.03 billion yuan in 2024 [36] Policy Environment - The Chinese government has prioritized tungsten as a strategic resource in its "14th Five-Year Plan," promoting industry consolidation and technological innovation [49] - Environmental regulations are expected to tighten, pushing the tungsten industry towards sustainable practices and resource recycling [51] - The report emphasizes the need for companies to adopt low-carbon technologies and improve resource utilization efficiency [51] Future Outlook - The demand for tungsten products is anticipated to grow due to the rapid development of high-tech industries such as new energy vehicles and aerospace [53] - The report suggests that traditional applications in mechanical manufacturing will remain stable, with hard alloys continuing to play a crucial role in various sectors [53]