过去一周（11月17日—11月21日），A股三大指数集体下跌。截至11月17日收盘，上证指数报3834.89点，周跌3.90%；深成指报 12538.07点，周跌5.13%；创业板指报2920.08点，周跌6.15%。 具体来看，仅9.5%的个股周内实现上涨，57股周涨超15%，259股周跌超15%。按照申万一级行业分类，本周无等板块上涨，电 力设备、综合、基础化工等板块领跌。 哪些个股领涨？哪些个股领跌？21投资通每周持续为你透视。 业务涉及军工和水产，最牛股江龙船艇周涨近65% 本期牛股榜中，江龙船艇（300589.SZ）以64.97%的周涨幅夺魁，榕基软件（002474.SZ）、中水渔业（000798.SZ）分别以 61.06%、61.05%的涨幅位居第二、第三，*ST东通（300379.SZ）、真爱美家（003041.SZ）、易点天下（301171.SZ)、好莱客 （603898.SH）周涨幅超35%。本期牛股榜十只个股过去一周累计涨幅均超过34%，其中多只个股涉及军工、水产或AI应用方 向。 最牛股江龙船艇属于国防军工行业，船舶产业链： 消息面上，近期受地缘局势不确定性影响，国防军工和水产板块表现活 ...

全市场规模最大的债券ETF突破700亿元 截至11月20日，作为全市场规模最大的债券ETF，短融ETF（511360）规模已突破700亿元。3月份以 来，短融ETF（511360）规模快速攀升。Wind数据显示，3月3日，短融ETF（511360）的规模仅为 252.33亿元。过去8个多月的时间里，该ETF的规模增长了400多亿元。（中证金牛座） 私募仓位再度刷新年内新高 私募排排网最新数据显示，截至11月14日，股票私募仓位指数达81.13%，较11月7日大幅提升1.05个百 分点。拉长时间来看，该指数已经连续3周站稳80%关口，并持续刷新年内新高。分规模来看，头部私 募攻势更猛。据私募排排网统计，截至11月14日，百亿级私募仓位指数达87.07%，相较于11月7日提高 近8个百分点。 (上海证券报) 各家黄金珠宝品牌今日单克足金饰品价格调整幅度分化 11月21日，多家黄金珠宝品牌公布的境内足金饰品价格较前一日仍在1300元/克左右，但价格调整幅度 出现分化。具体而言，11月21日，周生生足金首饰境内价格为1295元/克，单克较前一日下跌12元；老 庙黄金上海区域足金饰品价格为1298元/克，单克较前一日下 ...

指数估值：截至2025/11/20，中证稀土产业指数PETTM为38.5，位于近十年估值分位数为46.1%，重回 长期估值中枢以内。 价格表现：截至11/20，氧化镨钕价格升至55.5万元/吨，周环比涨1万元/吨，月环比涨5万元/吨，涨幅 10%。中美关系缓和带动出口预期向好，稀土产业下游补库热情高涨，国内稀土价格上涨预期相应受到 充分提升，需求端量价齐升态势有望延续。近期，北方稀土在互动平台表示，目前公司磁性材料订单饱 满，执行良好。 产业趋势：我国具备全球优势的稀土产业链在国际经贸斗争背景下展现出巨大战略价值。在稀土行业管 制不断升级和供需改善的驱动下，国内稀土价格未来上涨预期持续攀升。当前氧化镨钕为代表的稀土价 格延续高位运行，下半年稀土产业有望保持业绩高增。长期看，稀土行业的供需关系出现实质性好转， 供给端，稀土开采和稀土冶炼分离总量调控管理办法落地，中长期供给无虞，国内稀土指标增速放缓使 供给增幅大幅落后于需求扩张；需求端机器人、低空经济、军工等产业发展带动需求释放，供需两端共 振向好；海外端，高冶炼成本支撑价差，美国收购底价拉高价格基数，提振涨价预期，稀土战略价值迎 来重估。 相关产品：稀土ETF ...

格隆汇11月19日丨锡装股份(001332.SZ)在投资者互动平台表示，公司主业聚焦非标金属压力容器产品 的研发、设计、制造、销售及相关技术服务，目前暂无相关产品直接应用在军工或航空航天领域。 ...

11月17日，孚日股份在集合竞价阶段即封住涨停，该股已连续拉出8个涨停板，股价飙升至12.72元/股的历史新高，总市值突破120亿元，近一个月累计涨 幅高达106.43%。 值得注意的是，网传截图中后半段关于风险的表述，与公司真实公告的原文也并不一致，甚至有添油加醋的嫌疑。真实公告的原文为"可能存在非理性炒 作"和"存在短期下跌的风险"；而网传截图则将其篡改为"资本存在恶意炒作情况"和"散户存在短期下跌的风险"，用词更为严厉，指向也更明确。 就在市场亢奋之际，一张"7连板孚日股份：目前没有俘虏日军计划"的截图在刚刚过去的周末迅速发酵。 记者查证：官方渠道查无此文 网传截图 这张在网上流传的截图中，孚日股份于"11月16日电"发布公告称，"公司目前没有俘虏日军计划"，并罕见提示"资本存在恶意炒作情况"及"散户存在短期 下跌的风险"。 但记者通过所有法定信息披露渠道，均未查到孚日股份发布过上述内容的公告。 记者发现，网传截图日期"11月16日电"，与孚日股份当晚真实发布的《关于公司股价异常波动的公告》(临2025-065.落款11月17日)时间相近。 在这份真实公告中，与网传截图对应的原文是："孚日新能源目前暂无 ...

Core Viewpoint - Fuzhi Co., Ltd. has experienced a significant stock price surge, reaching a historical high of 12.72 yuan per share, with a market capitalization exceeding 12 billion yuan, attributed to the rising prices of its electrolyte additive VC and market speculation around its military applications [1][3][5] Group 1 - Fuzhi Co., Ltd. has achieved an 8-day consecutive limit-up in stock price, with the latest price reaching 12.72 yuan per share and a total market value surpassing 12 billion yuan [1] - The recent stock price increase has been linked to the rising price of VC, which has surged from 45,000 yuan per ton to over 100,000 yuan per ton, marking a 150% increase [3] - There is speculation in the market regarding the company's name and its association with military applications, although the company has stated that the stock price increase is unrelated to its name [2][3] Group 2 - Investors have shown interest in the company's export ratio to Japan and the progress of its military certification, indicating a growing curiosity about its military-related products [3] - A screenshot circulating in online communities claimed that the company has no plans related to military operations, which has drawn attention to the potential for speculative trading and associated risks [5] - The company has issued a notice regarding abnormal stock fluctuations, warning of potential irrational speculation and short-term trading risks [3][5]

Core Insights - The military and lithium mining sectors have experienced significant surges in stock performance, indicating strong investor interest and potential growth opportunities in these areas [1][4][7]. Military Sector - The military sector saw a robust rally, with several stocks hitting the 20% daily limit, including Hongxiang Co., Ltd. (300427), Zhongfutong (300560), Jianglong Shipbuilding (300589), and Tengjing Technology [4][5]. - Analysts suggest that increasing geopolitical uncertainties are likely to enhance focus on the military sector, with expectations for a revaluation of core military assets due to the competitiveness of China's advanced weaponry in both domestic and international markets [6]. - The demand for military products is anticipated to grow, particularly in the fourth quarter, as domestic needs expand and military trade orders continue to materialize [6]. Lithium Mining Sector - The lithium mining sector demonstrated strong performance, with stocks like Tianhua New Energy (300390) and Shengxin Lithium Energy (002240) reaching their daily limit of 20% [7][8]. - Predictions indicate a 30% increase in lithium carbonate demand by 2026, potentially leading to price surges if demand growth exceeds expectations [9]. - The energy storage market is expected to drive rapid growth in lithium battery demand, with significant orders extending to 2026 for leading storage companies [9]. AI Application Sector - The AI application sector showed active trading, with stocks such as Xuan Ya International (300612) and BlueFocus Communication Group (300058) achieving notable gains [10][11]. - Alibaba's recent initiatives in AI, including the launch of the "Qwen" personal AI assistant, are expected to enhance its market position and drive growth in AI-related revenues [12].

军工和锂矿概念两大板块全线爆发。 军工股爆发 军工板块盘中强势拉升，截至收盘，红相股份、中富通、江龙船艇、腾景科技等20%涨停，北方长龙逼近涨停，长城军工、雅化集团等亦涨停。 | 代码 | 名称 � | | 强调 | 现价 | 张跌 | 头价 | 卖价 | 总量 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 300427 红相股份 | | | 20.03 | 8.69 | 1.45 | 8.69 | | аезове | | 300560 中富通 | | | 20.02 | 22.54 | 3.76 | 22.54 | - | 503295 | | 300589 江龙船艇 | | R | 20.01 | 16.31 | 2.72 | 16.31 | - | 106.37 | | 300659 中字信息 | | | 20.00 | 17.82 | 2.97 | 17.82 | | 357330 | | 688195 | 腾景科技 | K | 20.00 | 135.61 | 22.60 | 135.61 | - | 160807 | | ...

Core Insights - Economic and financial data show marginal weakening, with internal policy support expectations rising, but the probability of new incremental policies being introduced near year-end is low, leading to continued high-level fluctuations in the market [3][4] - The AI industry adjustment provides better layout opportunities, while sectors with earnings support such as energy storage/batteries, military industry, storage, and engineering machinery should also be emphasized [3][6] Market Perspective - October macroeconomic data continues to show marginal slowdown, with investment declining rapidly and consumption growth remaining low. The GDP growth rate for October is estimated at around 4.6%, which is a marginal decline from the second quarter [4][13] - The third-quarter monetary policy execution report indicates an increased probability of monetary policy easing to support the economy, with a shift in focus towards interest rates rather than quantity [5][22] Industry Allocation - The market has entered a high-level fluctuation phase since early October, with significant increases in industry rotation intensity. Consumption sectors have shown strong performance recently, while resource sectors led the previous week [6][29] - Low valuation and stagnant sectors such as non-banking, food and beverage, agriculture, public utilities, and home appliances are expected to see short-term rebound opportunities [6][30] Financial Data Analysis - Fixed asset investment in October showed a cumulative year-on-year decline of 1.7%, with manufacturing investment growth at 2.7%, and real estate investment down by 14.7% [16][19] - The real estate sector continues to show a downward trend, with property investment in October down 23% year-on-year, indicating significant cash flow pressure on real estate companies [19][20] Future Outlook - The AI industry remains a key focus for investment, with specific attention on computing power and application sectors. The third-quarter reports continue to validate the relative performance advantages of growth styles [38][40] - Sectors with strong earnings support, including energy storage, military, storage, and engineering machinery, are also highlighted as promising areas for investment [40]

Core Viewpoint - The 20th National Congress of the Communist Party emphasizes achieving the centenary goal of military development and advancing the modernization of national defense and the military, indicating a long-term positive trend for the military industry [1] Industry Summary - The military industry sector has underperformed the broader market in the short term, but the CS Aerospace and Defense Index has shown strong performance, highlighting structural opportunities in specific sub-sectors [1] - The military ETF (512660) tracks the CSI Military Industry Index (399967), which consists of securities from ten major military groups and other military-related listed companies, covering key military sectors such as aviation, aerospace, shipbuilding, weapons, military electronics, and satellites [1] - The index sample has a broad industry distribution and exhibits a small to mid-cap style, aiming to comprehensively reflect the overall market performance of military-related listed company securities [1]