从盘面来看，科创板592只个股涨少跌多，高价股多数上涨，低价股则多数下跌。细分领域来看，半导 体股、软件服务股表现强势，电气设备股、化工原料股跌幅靠前；专用机械股表现分化。 恒坤新材11月18日在上交所科创板上市，公司证券代码为688727，发行价格14.99元／股，发行市盈率 为71.42倍。公司的主营业务是光刻材料和前驱体材料的研发、生产和销售。公司主要产品有光刻材 料、SOC（碳膜涂层）、BARC（底部抗反射涂层）、光刻胶、其他光刻材料、前驱体材料等。截至收 盘时，恒坤新材较发行价涨74.41%，成交额约11.1亿元，换手率达73.25%。 经新华财经统计，11月18日，剔除上市首日的恒坤新材，科创板其余592只个股平均跌幅0.58%，平均 换手率2.62%，合计成交额约1846.08亿元，平均振幅为3.97%。 新华财经北京11月18日电（胡晨曦）科创50指数11月18日早间低开，随后震荡上行翻红，早盘一度涨超 1.4%；午后指数涨幅有所回落，最终小幅收涨。至收盘时，科创50指数报1357.93点，涨幅0.29%，指数 振幅为1.92%，总成交额约612.2亿元。 个股表现方面，不考虑上市首日的恒坤新 ...

Core Points - The A-share major indices experienced a rally, with the ChiNext Index and the Shenzhen Component Index turning positive, while the Sci-Tech Innovation 50 Index rose over 1% [1] Group 1: Index Performance - The Shanghai Composite Index closed at 3960.48, down by 11.56 points or 0.29% [2] - The ChiNext Index reached 3109.81, increasing by 4.61 points or 0.15% [2] - The Shenzhen Component Index stood at 13214.31, up by 12.30 points or 0.09% [2] - The Sci-Tech Innovation 20 Index was at 1372.28, gaining 18.25 points or 1.35% [2] - The North Exchange 50 Index fell to 1509.24, decreasing by 17.22 points or 1.13% [2] - The CSI 300 Index closed at 4603.66, up by 5.61 points or 0.12% [2] - The CSI 50 Index reached 3018.51, increasing by 6.44 points or 0.21% [2]

Core Viewpoint - The Sci-Tech Innovation 50 Index experienced a decline of over 2% during the day, with Baiwei Storage leading the drop among constituent stocks, falling nearly 10% [1] Group 1 - The Sci-Tech Innovation 50 Index is a key indicator of the performance of technology-focused companies [1] - Baiwei Storage's significant decline indicates potential challenges within the storage sector [1]

Core Insights - The overall performance of the Sci-Tech Innovation Board shows a strong recovery, with a significant year-on-year net profit growth of 75% in Q3 2025, indicating a positive trend for the sector [1] Financial Performance - In the first three quarters, companies on the Sci-Tech Innovation Board achieved total operating revenue of 1,105.01 billion yuan, representing a year-on-year growth of 7.9% [1] - The net profit for the same period reached 49.27 billion yuan, with a year-on-year increase of 8.9% [1] - After excluding four leading photovoltaic companies, the revenue and net profit growth rates further expanded to 14.6% and 30.6%, respectively [1] Growth Dynamics - Over 70% of the companies reported revenue growth, and nearly 60% experienced net profit growth [1] - A total of 158 companies saw net profit increases exceeding 50%, while 46 companies successfully turned losses into profits [1] - The Sci-Tech 50 Index component companies continued to play a stabilizing role, accounting for 46% of revenue and 50% of net profit [1] - The Sci-Tech 100 Index component companies reported revenue and net profit growth of 12% and 134%, respectively, showcasing high elasticity [1] R&D Investment - The total R&D investment for the first three quarters reached 119.75 billion yuan, which is 2.4 times the net profit [1] - The median R&D intensity stood at 12.4%, maintaining a leading position in the A-share market [1]

Core Points - The Sci-Tech Innovation 50 Index experienced fluctuations on November 7, closing at 1415.69 with a decline of 1.47% and a trading range of 1.39% [1] - The total trading volume was approximately 647.51 billion yuan, showing a decrease compared to the previous trading day [1] - Most stocks on the Sci-Tech board declined, with 185 stocks rising; high-priced stocks generally fell while low-priced stocks mostly increased [1] - In specific sectors, stocks in electrical equipment, chemical raw materials, and environmental protection showed active performance, while software services and healthcare stocks had the largest declines [1] - Excluding one suspended stock, the remaining 591 stocks on the Sci-Tech board had an average decline of 0.49% and an average turnover rate of 2.70%, with a total trading volume of 1.89 trillion yuan and an average trading range of 3.84% [1] Individual Stock Performance - Zhuoyue New Energy led the gainers with a rise of 20%, while Jiahua Technology had the largest decline at 15.26% [1] - In terms of trading volume, Cambrian Technology topped the list with a trading volume of 9.62 billion yuan, while Zhongke Weizhi had the lowest at 0.8283 million yuan [2] - Regarding turnover rate, Heyuan Bio had the highest turnover rate at 30.81%, while Zhongke Weizhi had the lowest at 0.28% [3]

Core Points - The Sci-Tech Innovation 50 Index experienced a volatile increase, closing at 1436.89 with a rise of 3.34% and a fluctuation range of 2.86% on November 6 [1] - The total trading volume reached approximately 909.92 billion, which is an increase compared to the previous trading day [1] - A majority of stocks on the Sci-Tech board rose, with 405 stocks increasing in value, while high-priced stocks performed well and low-priced stocks showed divergence [1] - In specific sectors, semiconductor, electrical equipment, and specialized machinery stocks were active, while software services and biopharmaceutical stocks declined [1] Trading Volume - Cambrian's trading volume was 192.5 billion, ranking first, while ST Pava had a trading volume of 583.5 million, ranking last [2] Turnover Rate - He Yuan Biological had the highest turnover rate at 39.7%, while Longteng Optoelectronics had the lowest turnover rate at 0.26% [3]

Core Viewpoint - The Science and Technology Innovation 50 Index continues to rise, currently up over 3%, indicating strong market performance in the technology sector [1] Group 1: Index Performance - The Science and Technology Innovation 50 Index has increased by more than 3% [1] Group 2: Component Stocks - Among the constituent stocks, Oceanwide Information has risen over 9% [1] - Cambricon Technologies has increased by over 6% [1] - Semiconductor Manufacturing International Corporation (SMIC) has gained over 4% [1]

Core Points - The Sci-Tech Innovation 50 Index experienced a rise and then a decline, closing at 11,390.39 points with a gain of 0.23% and a fluctuation of 3.07% [1] - The total trading volume was approximately 62.705 billion yuan, which decreased compared to the previous trading day [1] - Most stocks on the Sci-Tech board declined, with 364 stocks rising; high-priced stocks showed mixed performance while low-priced stocks mostly increased [1] Sector Performance - Active sectors included electrical equipment, environmental protection, and healthcare, while some semiconductor and biopharmaceutical stocks saw declines [1] - Excluding one suspended stock, the remaining 591 stocks on the Sci-Tech board had an average increase of 0.18% and an average turnover rate of 2.60%, with a total trading volume of 177.1 billion yuan and an average fluctuation of 4.11% [1] Individual Stock Performance - The top-performing stocks included Arctech and King Crown Electric, both rising by 20%, while Heyuan Bio fell by 12.55%, marking the largest decline [1] - In terms of trading volume, Cambrian's trading volume reached 9.01 billion yuan, leading the market, while *ST Guandian had the lowest trading volume at 962.4 thousand yuan [1] - Heyuan Bio had the highest turnover rate at 45.34%, while Zhongfu Shenying had the lowest at 0.23% [1]

Core Insights - The Sci-Tech 200 Index has gained over 47% year-to-date as of October 29, outperforming major A-share indices, highlighting its appeal to investors due to its small-cap characteristics and high growth potential [1] - The Sci-Tech 200 Index is part of a comprehensive index system that includes large, medium, and small-cap stocks, focusing specifically on small-cap companies within the Sci-Tech Board [1][3] - The industry distribution of the Sci-Tech series indices shows significant differences, with the Sci-Tech 50 heavily concentrated in the electronics sector, while the Sci-Tech 200 has a more balanced distribution across various industries, including electronics, pharmaceuticals, and machinery [1][3] Investment Style Comparison - The Sci-Tech 50 Index represents large-cap stocks with strong institutional backing, while the Sci-Tech 200 Index showcases a small-cap growth style, with over 40% of its constituents being "specialized and innovative" enterprises [3] - The R&D expenditure as a percentage of revenue for the Sci-Tech 200 constituents is higher than that of the Sci-Tech 50, indicating a strong commitment to innovation and future profitability [3] Long-term Growth Potential - The Sci-Tech 200 is positioned to benefit from policy catalysts and industry opportunities, with new regulations expanding the listing channels for frontier technology companies [3] - The predicted net profit growth rate for the Sci-Tech 200 Index in 2025 is 240%, significantly higher than the 40% expected for the Sci-Tech 50, driven by investments in AI, semiconductor materials, biomedicine, and new energy technologies [4] Strategic Importance - The Sci-Tech 200 Index is expected to play a crucial role in China's technological self-reliance journey, focusing on core technologies and self-controlled industrial chains [7]

Core Points - The Sci-Tech Innovation 50 Index opened high but closed down, with a final report of 1387.24 points, reflecting a decline of 0.97% [1] - The total trading volume for the day was approximately 683.8 billion yuan [1] Market Performance - Most stocks on the Sci-Tech Innovation Board experienced declines, with only 91 stocks rising [2] - High-priced and low-priced stocks collectively saw a majority drop [2] - In specific sectors, stocks in aviation, automotive parts, and semiconductors showed active performance, while healthcare, chemical pharmaceuticals, and components faced the largest declines [2] Stock Performance - The average decline for the remaining 591 stocks on the Sci-Tech Innovation Board, excluding one suspended stock, was 1.83% [2] - The average turnover rate was 2.69%, with a total trading volume of 187.3 billion yuan and an average fluctuation of 4.13% [2] Notable Stocks - Yishitong led the gainers with an increase of 17.24%, while Qingyue Technology had the largest drop at 10.91% [3] Trading Volume - Cambrian Technology had the highest trading volume at 9.74 billion yuan, while ST Pava had the lowest at 775.7 million yuan [4] Turnover Rate - The stock "Bibei Special" had the highest turnover rate at 25.85%, while "Longteng Optoelectronics" had the lowest at 0.23% [5]