Group 1: Market Overview - The three major indices experienced fluctuations, with the Shanghai Composite Index down 0.26%, Shenzhen Component Index down 0.18%, and ChiNext Index down 0.2%, while the STAR Market 50 rose by 1.35. Over 2200 stocks in the two markets saw gains, with a total trading volume of approximately 3.03 trillion yuan [2]. Group 2: Semiconductor Sector - The semiconductor sector showed strong performance, with notable gains in storage chips and semiconductor equipment concepts. Tianyue Advanced (688234.SH) rose by 20%, Baiwei Storage (688525.SH) increased by over 17%, and Jiangbolong (301308.SZ) rose by over 13%. Other companies like Xidian Co. (301629.SZ) and Tuojing Technology (688072.SH) also saw increases [2]. - TSMC reported its Q4 2025 revenue exceeding 1,046.09 billion NTD for the first time and plans to increase its capital expenditure for 2026 to a record high of up to 56 billion USD [2]. - TrendForce forecasts a price increase for DRAM contracts in Q1 2026, with general DRAM contract prices expected to rise by 55-60%, HBM-inclusive DRAM prices by 50-55%, and NAND Flash contract prices by 33-38% [2]. Group 3: Electric Grid Equipment Sector - The electric grid equipment sector performed strongly, with Hongxiang Co. (300427.SZ) rising by 11.33%, and other companies like Guangdian Electric (601616.SH), Senyuan Electric (002358.SZ), and Siyuan Electric (002028.SZ) increasing by 10% [3]. - The State Grid Corporation of China announced a projected fixed asset investment of 4 trillion yuan during the 14th Five-Year Plan period, representing a 40% increase compared to the previous plan, aimed at promoting high-quality development of the new power system supply chain [3]. Group 4: Humanoid Robot Sector - The humanoid robot sector also saw significant gains, with companies like Ningbo Huaxiang (002048.SZ), Henggong Precision (301261.SZ), and Fangzheng Electric (002196.SZ) experiencing substantial increases [4]. - A report from Guotai Junan Securities highlighted the potential for breakthroughs in the humanoid robot industry, driven by collaboration among leading companies both domestically and internationally, aiming to transition humanoid robots from laboratory settings to large-scale commercial applications [4]. Group 5: Commercial Aerospace Sector - The commercial aerospace sector performed well, with Xinke Mobile (688387.SH) rising by over 11%, and other companies like Aerospace Development (000547.SZ) and Zhenlei Technology (688270.SH) also seeing significant gains [5]. - Elon Musk announced that SpaceX aims to launch its Starship more than once an hour within three years, with a goal of producing 10,000 Starships annually. Additionally, the China Aerospace Science and Technology Corporation outlined plans for 2026 to advance manned lunar missions and deep space exploration [5].

Group 1 - TSMC reported Q4 2025 revenue of $33.67 billion, marking a significant milestone by surpassing NT$1,046.09 billion; net profit increased by 35% year-on-year, achieving growth for the eighth consecutive quarter [1] - TSMC plans to increase its capital expenditure for 2026 to a maximum of $56 billion, a substantial 37% increase from the actual expenditure of $40.9 billion in 2025, setting a new historical high for the company [1] - The semiconductor supply chain has been positively impacted, with strong performance across equipment, packaging and testing services, and materials sectors; the semiconductor equipment ETF (561980) saw a single-day increase of over 4%, reaching a historical high of over NT$3.2 billion [1] Group 2 - As DRAM and NAND architectures evolve towards 3D structures, there will be a significant increase in demand for etching and thin film deposition equipment, with the corresponding service market for 3D DRAM and NAND expected to grow approximately 1.7 times and 1.8 times, respectively [3] - Domestic semiconductor equipment companies, represented by Northern Huachuang and Zhongwei Company, are expected to gradually strengthen their market position [3] - The semiconductor equipment ETF (561980) tracks the CSI index and focuses on domestic equipment, materials, and design leaders, showing higher elasticity with a 94.69% increase since 2025 and over 640% in the previous semiconductor cycle since 2018, leading among similar indices [3] Group 3 - The top ten weighted stocks in the ETF have a concentration close to 80%, covering leading companies in various segments such as Zhongwei Company (etching equipment), Northern Huachuang (multi-field equipment), and SMIC (manufacturing leader), with over 90% of the index comprising equipment, materials, and chip design sectors [5]

（文章来源：每日经济新闻） 开源证券指出，由于地缘政治风险加剧，半导体材料和设备的自主可控进程可能加快。外部风险促使国 内市场重新评估技术依赖的风险，"断供"担忧增加。短期内，供应链安全问题推动下游制造商更积极地 采用国产解决方案，特别是对于关键瓶颈环节。长期来看，资本层面的布局正在加速，包括长鑫存储上 市融资、中芯南方增资以及国家大基金增持中芯国际等，这些都预示着国产先进制程和先进存储扩产的 确定性提高，从而为上游供应商创造更多增长机会。 半导体设备ETF（159516）跟踪的是半导体材料设备指数（931743），该指数聚焦于半导体产业链中的 材料与设备领域，选取涉及半导体材料供应及设备制造的上市公司证券作为指数样本，以反映半导体产 业上游关键环节相关企业的整体表现。该指数覆盖的领域具有较高的技术壁垒和成长潜力，适合关注高 科技制造业的投资者进行资产配置。 资金面看，半导体设备ETF（159516）近20日净流入超30亿元，规模超百亿元，半导体设备自主可控有 望提速。 消息面，工业和信息化部等八部门印发《"人工智能+制造"专项行动实施意见》，到2027年，我国人工 智能关键核心技术实现安全可靠供给，产业规模 ...

Core Viewpoint - The semiconductor equipment sector is experiencing strong momentum driven by the explosive demand for AI computing power, rising storage chip prices, and accelerated capital investment in domestic capabilities. Group 1: Market Performance - The semiconductor equipment ETF (561980) opened with a significant jump of 2.4% and is currently up 4.37%, reaching a new high since its listing with a latest scale of 2.747 billion yuan and attracting 153 million yuan in the last five trading days [1] - Key stocks in the sector have shown remarkable performance, with companies like Zhongwei Company, North Huachuang, and Nanda Optoelectronics seeing increases of over 5%, 11%, and 13% respectively [1] Group 2: Industry Trends - The global semiconductor market is projected to reach $975 billion by 2026, with a growth rate exceeding 25%, driven by AI computing and a recovery in consumer electronics and automotive sectors [3] - The semiconductor manufacturing equipment market is expected to reach $133 billion by 2025, marking a 13.7% increase, with further growth anticipated in subsequent years [3] Group 3: Demand Drivers - The demand for semiconductor equipment is being significantly boosted by technological advancements, with equipment usage increasing by 1.7 to 1.8 times compared to traditional processes due to the competition in advanced processes and storage chip upgrades [6] - The domestic substitution trend is accelerating, with predictions indicating that the localization rate of semiconductor equipment could reach 22% by 2025, particularly in etching, cleaning, and CMP processes [7] Group 4: Policy and Financial Support - Recent capital movements, including Longxin's IPO raising approximately 30 billion yuan and the increase in funding for SMIC, indicate a robust financial backing for the semiconductor sector [8] - The semiconductor equipment ETF (561980) tracks an index that focuses on high-tech barriers and value concentration in the upstream sector, with nearly 60% equipment content [9] Group 5: Historical Performance - The CSI Semiconductor Equipment Index has shown a remarkable increase of 62.33% in 2025, with a maximum increase exceeding 80%, outperforming other mainstream semiconductor indices [11]

12月18日，三大指数涨跌不一，医药、商业航天等表现较好，电池、半导体产业链有所回调。半导体设备ETF（561980）全天收跌1.97%，但单日获资金净 流入超2700万，实现连续2日吸金超3300万元。 一、【多项权威数据显示半导体仍处上行区间】 消息面上，近日多项权威数据公布，显示本轮半导体周期或仍处上行区间。 大摩分析师与美国银行近日发表最新观点，强调半导体行业的繁荣周期远未结束，全球对人工智能计算能力的无限需求是关键变量。 根据摩根士丹利发布的最新研究报告，在史无前例的AI基建热潮以及传统模拟芯片/MCU强劲去库存步伐推动之下，芯片股的"长期牛市逻辑"或仍然完好无 损。其中，科技巨头们主导的全球AI基础设施建设进程愈发火热，全面助力3nm及以下先进制程芯片扩产与先进封装产能扩张大举加速，半导体设备板块的 长期牛市逻辑仍然坚挺。 此前，全球技术研究咨询机构Omdia发布最新数据显示，2025年第三季度半导体市场表现创历史新高，行业营收达到2163亿美元，环比增长14.5%。 招银国际指出，人工智能正驱动存储行业进入超级结构性周期：从传统周期性供需调整，转向结构性供应紧缺。而高带宽内存在2026-27年向 ...

Market Overview - The A-share market opened slightly higher on December 24, with the Shanghai Composite Index at 3920.35 points, up 0.01% [1] - The market experienced a brief rise before retreating, with the Shanghai Composite and Shenzhen Component indices showing slight gains, while the ChiNext Index was in the red [1] Sector Performance - The storage chip sector showed strength at the beginning of the trading session, with active performance in glass fiber, lithium batteries, and storage chips, while concepts like Hainan Free Trade Port and optical modules experienced a pullback [2][3] - Notable increases were observed in the glass fiber sector, with a rise of 3.14%, and lithium battery electrolyte up by 2.58% [3] Stock Highlights - Victory Energy's stock hit the limit up for the ninth consecutive trading day, closing at 34.79 CNY per share, with a total increase of 114.44% over the past eight trading days [12][14] - The stock of Beijing Junzheng, Demingli, and Jiangbolong also saw significant gains, with increases of 5.90%, 8.68%, and 5.58% respectively [9][10] Commodity Market - Domestic precious metal futures continued to surge, with the main contract for silver on the Shanghai Futures Exchange rising over 7% [16][17] - The price of silver reached 17470 CNY, reflecting a 7.12% increase, while platinum and palladium futures also saw substantial gains [17][18] - The spot price of silver exceeded 72.7 USD per ounce, driven by expectations of interest rate adjustments by the Federal Reserve following a lower-than-expected CPI in November [19]

Group 1: Market Overview - The A-share market opened slightly higher on December 24, with the Shanghai Composite Index at 3920.35 points, up 0.01% [1] - The storage chip sector showed strength at the beginning of the trading session, with stocks like Shenghui Integrated and Chuangyuan Technology achieving three consecutive trading limit increases [2] Group 2: Storage Chip Sector - The storage chip sector saw significant activity, with stocks such as Demingli, Beijing Junzheng, and Jiangbolong experiencing notable gains of 8.68%, 5.90%, and 5.58% respectively [3] - The Hong Kong chip sector also rose, led by Shanghai Fudan, SMIC, and Huahong Semiconductor [4] - Reports indicated that SMIC has implemented a price increase of approximately 10% on some of its production capacity, which is expected to take effect soon [4] Group 3: Energy Sector - Victory Energy achieved a nine consecutive trading limit increase, closing at 34.79 yuan per share, with a cumulative increase of 114.44% over the past eight trading days [6] - The company issued a warning about the significant deviation of its stock price from its fundamentals, indicating potential risks associated with speculative trading [6] Group 4: Precious Metals - Domestic precious metal futures continued to surge, with the main contract for silver on the Shanghai Futures Exchange increasing by over 7% [7] - The price of silver futures reached 17,470 yuan, reflecting a rise of 7.12% [8] - Citic Securities reported that the unexpected drop in the U.S. CPI for November has led to an upward revision of market expectations for the Federal Reserve's interest rate cuts in 2026, contributing to the strength of precious metals [11]

Market Overview - On December 24, the A-share market opened slightly higher, with the Shanghai Composite Index at 3920.35 points, up 0.01% [1][21] - The market experienced a pullback after an initial rise, with the Shanghai Composite Index and Shenzhen Component Index showing slight gains, while the ChiNext Index was in the red [1][21] Sector Performance - The storage chip sector showed strength in early trading, with companies like Shenghui Integrated and Chuangyuan Technology achieving three consecutive trading limits [3][22] - The glass fiber sector remained active, with notable gains in stocks such as Jiu Ding New Materials and Zai Sheng Technology, both hitting the daily limit [12][33] Notable Stocks - Victory Energy achieved a nine-day trading limit, closing at 34.79 CNY per share, with a cumulative increase of 114.44% over the past eight trading days [13][34] - Semiconductor stocks in Hong Kong, including Shanghai Fudan, SMIC, and Huahong Semiconductor, also saw significant gains, with SMIC raising prices by approximately 10% for some production capacities [12][32] Commodity Market - Domestic precious metal futures continued to surge, with the main silver contract on the Shanghai Futures Exchange increasing by 7% [35][36] - Spot silver prices rose above 72.7 USD per ounce, driven by expectations of interest rate adjustments by the Federal Reserve following a lower-than-expected CPI in November [38][39]

12月24日，A股市场开盘微涨，上证指数报3920.35点，涨0.01%；深证成指、创业板指涨 0.07%。盘初市场冲高回落，截至发稿，上证指数、深证成指微红，创业板指飘绿。 | 3920.75 | ---------- | 13382.97 | 3201.86 | | --- | --- | --- | --- | | 上证指数 +0.02% | | 深证成指 +0.10% | 创业板指 -0.10% | 盘面上，玻璃纤维、锂电、存储芯片等近期热点保持活跃，海南自贸港、光模块等概念股回 调。 【导读】存储芯片板块盘初走强，胜通能源走出9连板，沪银主力合约涨超7% 中国基金报记者 晨曦 大家好！来一起关注最新的市场行情和资讯～ | 玻璃纤维 3.14% | 锂电电解液 2.58% | 两岸融合 2.48% | 血液制品 2.37% | | --- | --- | --- | --- | | | Wind热门概念指数 | | | | 充电桩 2.20% | 锂矿 1.83% | 液冷服务器 1.76% | 智能言箱 1.75% | | --- | --- | --- | --- | | 苹果 1.70% | 射 ...

今日三大指数红开，半导体设备板块再度走强！半导体设备ETF（561980）高开涨超2%、目前上涨 2.52%，成份股珂玛科技大涨15%，上海新阳、华峰测控涨超5%，艾森股份涨超6%，北方华创、中科 飞测、芯源微、长川科技等多股涨超3%！ | CD > | 半导体设备ETF | | | | | | --- | --- | --- | --- | --- | --- | | | 561980.SH | | | | | | 2.077 | 昨收 | 2.026 | 十字 | | 2.025 | | +0.051 2.52% | 流通盘 | 12.1亿 | 流通值 | | 25.1亿 | | 最 高 2.079 | 成交量 | 57.21万 | 换手率 | | 4.73% | | 最 低 2.011 | 成交额 | 1.18亿 | 均价 | | 2.056 | | IOPV 2.0759 | 溢折率 | 0.05% | 升贴水率 | | 2.44% | | 净值走势 招商中证半导体产业ETF(5 ... 2.0276 | | | | | 4.51% | | 分时 5日 日K | | 周K 月K | | 申文 | | ...