>>>>> ETF早知道 >>>>> ETF早知道 ETF 早知道 品 wabao WP Fund <<<< >>>>> TFOFF 2025 Oct ETF星知道 EFEF规演 <<<< 市场温度计 >>>> BTF로 9 中长期信号 · 投资看温度 -- 75% = 759b -- 75% -- 2596 -+ 25% --- 2596 ETF 早知道 <<<< 0.52% ↑ 0.35% 0.00% T T 上证指数 深证成指 创业板指 注:温度计水膜条由对应指数的近十年市盈率分值散表示,总值为100%。数据来源:iFind,截至 2025.9.30,上证指数、测证成指、创业板指的近十年市盈丰分位数分别为96.3%。67.17%。52.45% ETFER 0 e e 市场 利用 ETFER® <<<< 短期轮动走向 · 观九宫热力值 +2.12% +3.22% +2.59% 房地产 有色金属 国防军工 +1.71% -0.78% +1.40% 电力设备 医药生物 环保 -1.06% -1.14% -1.83% 综合 非银金融 適信 (4) 数据来源:iFind,截至2015.9.30,以申万一级行业区分 ...

从市场表现来看，截至9月30日，196只金股年内平均涨幅接近64%；其中25股年内涨幅低于10%，12 股年内累计下跌。 受益于半导体、电子元件等细分领域景气度的向好，今年前三个季度，电子行业指数涨幅超过50%，仅次 于有色金属及通信行业。 近期，存储芯片巨头掀起涨价潮，电子细分领域存储芯片板块个股表现优异。华鑫证券表示，存储芯片进 入新一轮周期，国产AI芯片大时代已经开启，国产AI产业链从上游先进制程到先进封装，再到下游公司包 括字节跳动、阿里巴巴、腾讯的模型加速迭代升级，已经实现全产业链打通，坚定看好国产AI算力设施的 加速突破。 今年前三个季度，电力设备行业涨幅也较为亮眼，接近44%。行业内进展不断，固态电池研发落地进程加 速，储能需求旺盛，海风项目稳步推进，"反内卷"政策持续推进，一系列利好政策措施推动行业走强。 从单家公司来看，共有34只10月金股获2家及以上机构推荐。 兆易创新、海康威视、华友钴业、洛阳钼 业 等13股均获得3家及以上机构推荐。 根据Wind数据，截至10月7日，已有26家券商公布10月金股名单，共有196家A股公司入围，属于半导 体、创新药、AI板块的个股获密集推荐。 从行业分布 ...

芯片股延续近期涨势，中芯、华虹齐创历史新高，机构称国产AI已经实现全产业链打通。华虹半导体 (01347)涨11.93%；中芯国际(00981)涨3.27%；上海复旦(01385)涨7.91%。 智通财经APP获悉，港股恒生指数跌0.10%，跌26点，报26596点；恒生科技指数涨0.55%；港股早盘成 交1592亿港元。 德昌电机控股(00179)跌超7%，花旗指其股价上行空间有限。 紫金黄金国际(02259)首挂上市，早盘涨60%；西普尼(02583)首挂上市，早盘大涨248%；博泰车联 (02889)首挂上市，早盘涨39%。 新疆新鑫矿业(03833)再涨超4%，公司计划赴A上市，旗下拥有喀拉通克等四座镍铜矿。 优必选(09880)再涨5.94%，人形机器人订单、交付持续兑现，机构上调公司目标价。 上善黄金(01939)早盘涨9.2%。拟配股净筹近2.5亿港元，用于设立全球直营智能终端旗舰店。 药师帮(09885)盘中涨8.8%，公司高毛利业务加速增长，POCT设备下半年仍将加速投放。 锂电股继续走高。已有宜春涉锂矿企完成矿种变更储量核实报告，国内储能电芯需求强劲。赣锋锂业 (01772)涨6.6%；天 ...

骑牛看熊发现无论后续中美关系走势如何，我国国产芯片替代趋势明确。海外大型基础设施建设如火如荼，英伟达芯片出货量持续上调，AI 的大趋势无需 质疑。近期，华为、海光、昆仑芯等多家国产AI 芯片企业在技术和商业化落地方面取得突破，其产品在性能和性价比上进一步提升。国产AI 芯片大时代已 经来临，国产AI 产业链从上游先进制程到先进封装，到下游字节阿里腾讯的模型加速迭代升级已经实现全产业链打通，我们坚定看好国产AI 算力设施的加 速突破。 外盘金融市场轮番新高，这与9月份美联储降息25个基点有关，随着国庆节8天长假的来临，机构资金开始进行减仓避险。一方面是过节期间外围市场走势变 化多端，适当减仓是情理之中的，毕竟先涨后跌的行情大家也看得多了。另一方面是资金的抽离，随着A股市场在3900点附近久攻不上，一些大资金也会开 始布局海外市场，这也是情理之中的事情。10月份将会是3季度业绩报的密集发布期，再加上政策利好逐渐显现，依然要根据市场风向来进行参与A股市场 的新方向布局。 上证指数周二高开后横盘震荡，两市上涨个股相对前一日明显减少，做盘情绪有所减弱，流出资金节前始终没有回流，看来是去做外盘市场了。科技行业集 中度未达 ...

智通财经APP获悉，芯片股延续近期涨势，截至发稿，华虹半导体(01347)涨5.48%，报76.05港元；中芯 国际(00981)涨3.73%，报79.35港元；上海复旦(01385)涨3.28%，报44.14港元；晶门半导体(02878)涨 1.72%，报0.59港元。 消息面上，9月24日，阿里巴巴集团CEO吴泳铭宣布阿里云重磅升级全栈AI体系，实现从AI大模型到AI 基础设施的技术更新；9月27日，摩尔线程科创板首发上市申请获通过，从申报受理到过会在今年科创 板IPO新过会企业中用时最短。此外，近期半导体行业迎来长存三期成立规划扩产，长鑫预计年底上 市、长存预计明年上市等利好催化。 华鑫证券认为，继DDR4涨价之后存储价格持续攀升，存储芯片进入新一轮周期。此外，国产AI芯片大 时代已经来临，国产AI产业链从上游先进制程到先进封装，到下游字节阿里腾讯的模型加速迭代升级 已经实现全产业链打通，坚定看好国产AI算力设施的加速突破。 ...

Market Overview - The A-share market maintained a trading volume of approximately 2.37 trillion yuan, an increase of 443 billion yuan compared to the previous day, indicating a healthy trading environment [1][2] - The major indices showed mixed performance, with the Shanghai Composite Index expected to fluctuate around 3,800 points before the holiday [2] Investment Recommendations - CITIC Securities suggests investors focus on the relatively underperforming domestic AI sector, particularly AI applications, as the market is likely to see positive rotation among large technology sectors [2] ETF Products - Huabao Fund has launched three major broad-based ETFs tracking the CSI indices, providing investors with diverse options to invest in China's market [2] - The ETFs include: - CSI A50 ETF (159596) focusing on 50 leading companies - CSI A100 ETF (562000) encompassing the top 100 industry leaders - CSI A500 ETF (563500) covering a broader range of 500 companies [2]

Core Viewpoint - The A-share market showed mixed performance on September 25, with the Shanghai Composite Index slightly declining while the Shenzhen Component and ChiNext Index increased, indicating a divergence in sector performance and investor sentiment [3][4]. Market Performance - The Shanghai Composite Index closed at 3853.3 points, down 0.01% - The Shenzhen Component closed at 13445.9 points, up 0.67% - The ChiNext Index closed at 3235.76 points, up 1.58% - Total trading volume in the Shanghai and Shenzhen markets reached 2.37 trillion yuan, an increase of 443 billion yuan from the previous trading day [3][4]. Sector Performance - Strong sectors included gaming, internet e-commerce, industrial metals, and controllable nuclear fusion concepts, while port shipping and engineering machinery sectors were weak [6][7]. - The gaming sector saw significant gains, with Kunlun Wanwei rising over 7% and other companies like Ice Glacier Network and G-bits also performing well [7]. - The controllable nuclear fusion concept was strong, with Changfu Co. rising over 8% [8]. Individual Stock Highlights - Ningde Times' stock price exceeded 400 yuan, setting a new historical high - Zhongji Xuchuang rose over 2% with a trading volume of 21.6 billion yuan - ZTE Corporation's A-shares increased nearly 5%, with a trading volume exceeding 12 billion yuan [9]. Fund Flow - Main funds saw net inflows in sectors such as computers, power equipment, and machinery, while there were net outflows in transportation, real estate, and banking sectors [11]. - Specific stocks with net inflows included Inspur Information, Huagong Technology, and Luoyang Molybdenum, with inflows of 3.784 billion yuan, 2.891 billion yuan, and 2.315 billion yuan respectively [12]. - Stocks with net outflows included Heertai, Luxshare Precision, and Shenghong Technology, with outflows of 1.810 billion yuan, 907 million yuan, and 721 million yuan respectively [13]. Institutional Insights - CITIC Construction pointed out that the A-share market's trading volume has slightly decreased but remains around 2 trillion yuan, which is conducive to maintaining market activity. The Shanghai Composite Index is expected to fluctuate around 3800 points before the holiday [15]. - Guodu Securities emphasized the structural opportunities in the ChiNext market, highlighting the importance of AI hardware and new energy sectors [15]. - Everbright Securities noted that technology remains a key focus, suggesting partial profit-taking but emphasizing the necessity of maintaining exposure [16].

9月25日，三大股指收盘涨跌不一，上证指数报收3853.3点，跌0.01%；深成指报收13445.9点，涨0.67%； 创业板指报收3235.76点，涨1.58%。沪深两市成交额2.37万亿，较上一个交易日放量443亿。全市场超 1400只个股上涨，超3800只个股下跌。 具体来看，游戏板块涨幅居前，截至收盘，昆仑万维涨超7%，冰川网络、吉比特、星辉娱乐等跟涨。 可控核聚变概念全天强势，常辅股份涨超8%，百利电气、金田股份、融发核电、旭光电子等跟涨。 贵金属板块大面积飘绿，山东黄金跌超4%，晓程科技、西部黄金、赤峰黄金等跟跌。 个股方面，A股宁德时代股价一度突破400元关口，续刷历史新高；中际旭创涨超2%，成交额达216亿 元；中兴通讯A股涨近5%，成交额超120亿元。此外，中金黄金、领益智造、中科曙光、捷邦科技等多股 股价创新高。 【资金流向】 主力资金全天净流入计算机、电力设备、机械设备等板块，净流出交通运输、房地产、银行等板块。 具体到个股来看，浪潮信息、华工科技、洛阳钼业获净流入37.84亿元、28.91亿元、23.15亿元。 净流出方面，和而泰、立讯精密、胜宏科技遭抛售18.10亿元、9.07亿元、 ...

Investment Ratings - Electric Equipment: Buy (Maintain) - Public Utilities: Buy (Maintain) - Environmental Protection: Buy (Maintain) [1] Core Views - The lithium battery and wind power sectors performed well this week, driven by the increasing production expectations for leading companies like CATL in the lithium battery sector and the ongoing recovery in wind power profitability [4][5]. - The recent release of Huawei's latest computing power products is expected to significantly boost domestic AI development and increase demand for power systems [4]. - The market is currently experiencing good liquidity, which may lead to a sideways trend for previously high-performing sectors, while previously lagging sectors are showing improved stock performance [4]. Summary by Sections Lithium Battery Sector - The lithium battery sector is seeing a rise in stock prices due to the industry's favorable outlook, particularly for leading companies like CATL [4][5]. - The market is focusing on the "anti-involution" policies and the penetration rate of semi-solid batteries under new regulations [5][19]. Wind Power Sector - The wind power sector is expected to benefit from upcoming provincial bidding and the improvement in third-quarter earnings [5]. - The total installed capacity for onshore wind power in 2024 is projected to be 75.8 GW, a year-on-year increase of 9.68% [8][10]. Energy Storage Sector - The energy storage sector is currently facing high stock prices and significant market volatility, with a cautious outlook recommended [5]. - The market is paying attention to the improvement of domestic large-scale energy storage business models [5]. Public Utilities - The price of domestic thermal coal has increased to 703 CNY/ton, reflecting a rise of 22 CNY/ton from the previous week [41]. - The price of imported thermal coal has also seen an increase, with prices reaching 700 CNY/ton for Indonesian coal and 735 CNY/ton for Australian coal [41]. Environmental Protection - The environmental protection sector is maintaining a buy rating, with ongoing monitoring of policy impacts and market dynamics [1]. Solar Energy Sector - The solar energy sector is experiencing price stability with some increases, particularly in the silicon material segment, which is expected to maintain profitability [30]. - The overall industry continues to face significant operational pressures despite some price increases [30]. AIDC Power Supply - The AIDC power supply sector is viewed positively due to the ongoing technological competition between China and the US, with a focus on companies like Megmeet and Jinpan Technology [5].

Industry Trends - The information services and real estate development industries continue to dominate the rankings, holding the top two positions in August 2025 [1] - The computer application industry has shown significant growth, rising from 5th place last month to 3rd place this month [1] - The non-ferrous metals industry has also seen a notable increase in ranking, moving from 9th to 5th place, driven by factors such as rising expectations of Federal Reserve interest rate cuts, a rebound in global manufacturing PMI, and disruptions in copper supply [1] Market Impact - The aforementioned factors have not only led to an increase in precious metal prices but have also positively influenced the prices of base metals and minor metals, resulting in heightened market attention towards the non-ferrous metals industry [1]