证券研究报告 | 2025年10月10日 **Makel'sid.** **Hil's.Makel's.** **Hil's.Makel's. **Hil's.Makel's. 乘势而起：市场新高趋势追踪：截至 2025 年 10 月 10 日，上证指数、深 证成指、沪深 300、中证 500、中证 1000、中证 2000、创业板指、科创 50 指数 250 日新高距离分别为 0.94%、2.70%、1.97%、2.00%、1.49%、 2.61%、4.55%、5.61%。中信一级行业指数中电力及公用事业、钢铁、 建材、有色金属、基础化工行业指数距离 250 日新高较近，食品饮料、 银行、消费者服务、综合金融、交通运输行业指数距离 250 日新高较远。 概念指数中，林木、充电桩、风力发电、钢铁、钢铁Ⅳ、发电设备、可 转债正股等概念指数距离 250 日新高较近。 见微知著：利用创新高个股进行市场监测：截至 2025 年 10 月 10 日，共 1235 只股票在过去 20 个交易日间创出 250 日新高。其中创新高个股数量最多的 是电子、机械、基础化工行业，创新高个股数量占比最高的是有色金属、电 子、电力设备 ...

Core Points - The A-share market has shown strong performance, with the Shanghai Composite Index closing up 0.18% on July 3, reaching a new high of 3463.62 points during the day [1] - Since July, 49 stocks have reached historical highs, and nearly 600 stocks have achieved this milestone in 2023 [2][8] Company Highlights - Industrial Fulian, with a market capitalization exceeding 460 billion, hit the daily limit, while Lens Technology surged over 11%, highlighting the strong performance of certain stocks [3] - Among the 49 stocks that reached historical highs, there are both large-cap stocks like China Construction Bank (market cap of 19,903.41 billion) and small-cap stocks like Huawai Design (market cap of 18.09 billion) [4][6] Industry Analysis - The electronics sector has the highest representation among the 49 stocks, with 8 companies including Shenghong Technology and Dongshan Precision, benefiting from the improved industry outlook [7] - Other notable sectors include power equipment and non-ferrous metals, each with 6 stocks reaching new highs, while the banking and pharmaceutical sectors each have 5 stocks [7] - In 2023, nearly 600 stocks have reached historical highs, with the machinery and equipment sector leading with 105 stocks, followed by the automotive sector with 70 stocks [9]

Core Viewpoint - The article highlights a significant upward trend in the stock market, with 49 stocks reaching historical highs since July, and nearly 600 stocks achieving historical highs throughout the year, indicating a robust market performance and investor confidence [1][10]. Group 1: Recent Market Performance - On July 3, the Shanghai Composite Index closed up 0.18%, reaching a peak of 3463.62 points, marking a new stage high [1]. - Since the beginning of July, 49 stocks have reached historical highs, with nearly 600 stocks achieving this milestone in 2023 [2][10]. - Notable stocks include Industrial Fulian, which has a market capitalization exceeding 460 billion, and Lens Technology, which surged over 11% [3][4]. Group 2: Stock Distribution and Industry Analysis - Among the 49 stocks that reached historical highs, the electronic industry had the highest representation with 8 stocks, including Shenghong Technology and Dongshan Precision [9]. - The banking sector also saw significant activity, with 5 stocks, including China Construction Bank and Shanghai Bank, reaching new highs, attributed to factors like stable dividends attracting investors [9]. - In total, nearly 600 stocks that reached historical highs this year include 220 from the main board, 160 from the ChiNext, 154 from the Beijing Stock Exchange, and 63 from the Sci-Tech Innovation Board [11]. - The mechanical equipment industry led with 105 stocks reaching historical highs, followed by the automotive industry with 70 stocks [11].