登录新浪财经APP 搜索【信披】查看更多考评等级 中信建投研报称，AIDC建设进入高速增长期，测算2025-2028年美国AI需求带来的电力容量需求期间CAGR约55%，未来三年累计需求超150GW，带来大量 电力需求，配套设备迎来机遇。 智通财经2月27日讯，市场全天震荡分化，沪指午后成功翻红，创业板指跌超1%。沪深两市成交额2.49万亿，较上个交易日缩量504亿。盘面上热点快速轮 动，全市场超3200只个股上涨。从板块来看，有色金属板块反复活跃，章源钨业7天5板，翔鹭钨业、中稀有色涨停。电力股震荡走强，赣能股份3连板，珈 伟新能20CM涨停。算力租赁概念同样于盘中活跃，云天励飞、拓维信息、利通电子等封涨停。下跌方面，算力硬件方向陷入调整，中际旭创、新易盛双双 跌超6%。截至收盘，沪指涨0.39%，深成指跌0.06%，创业板指跌1.04%。 板块方面 板块上，小金属再度走强，东方锆业、翔鹭钨业、厦门钨业、中钨高新、金钼股份、章源钨业、锡业股份等涨停。消息面上，钨原料价格持续飙升，钨粉已 突破1800元/公斤，刀具行业迎来新一轮集中涨价，节后华锐精密、新锐股份等已相继上调产品价格。 春节后，A股小金属板块延续 ...

全市场超3200只个股上涨。 2月27日，A股三大指数涨跌不一。截至收盘，沪指涨0.39%，深证成指跌0.06%，创业板指跌1.04%。科 创综指涨0.36%。 | 代码 | 名称 | 现价 | 涨跌 | 涨跌幅 | | --- | --- | --- | --- | --- | | 000001 上证指数 | | 4162.88 c 16.25 c | | 0.39% | | 399001 深证成指 | | 14495.09 c -8.69 -0.06% | | | | 881001 万得全A | | 6942.40 c 28.02 | | 0.41% | | 000680 科创综指 | | 1849.77 c 6.57 c | | 0.36% | | 399006 创业板指 | | 3310.30 c -34.68 - -1.04% | | | 主力资金全天净流入计算机、有色金属、公用事业等板块，净流出电子、建筑材料、银行等板块。 具体到个股来看，华胜天成、包钢股份、拓维信息获净流入46.7亿元、30.14亿元、23.32亿元。 净流出方面，新易盛、中际旭创、工业富联遭抛售33.92亿元、24.66亿元、 ...

数据显示，截至2026年1月30日，中证国防指数(399973)前十大权重股分别为航天电子、航发动力、中 航沈飞、中航光电、睿创微纳、菲利华、中航西飞、西部超导、中航机载、臻镭科技，前十大权重股合 计占比42.4%。 截至2026年2月27日 10:07，中证国防指数(399973)上涨0.31%，成分股宝钛股份上涨10.00%，三角防务 上涨7.42%，图南股份上涨5.95%，鸿远电子上涨3.81%，臻镭科技上涨3.74%。国防ETF(512670)上涨 0.47%， 冲击6连涨。最新价报1.06元。 国防ETF紧密跟踪中证国防指数，中证国防指数选取隶属于十大军工集团公司旗下的上市公司证券，以 及为国家武装力量提供武器装备，或与军方有实际装备承制销售金额或签订合同的相关上市公司证券作 为指数样本，以反映国防产业上市公司证券的整体表现。 燃气轮机概念再度活跃，消息面上，AIDC建设进入高速增长期，机构测算2025-2028年美国AI需求带来 的电力容量需求期间CAGR约55%，未来三年累计需求超150GW。 华泰证券研报称，海外整机厂商产能已普遍排满至2029年末，随产能释放有望实现新签订单确收的量利 齐升。 ...

中信建投研报称，AIDC建设进入高速增长期，测算2025-2028年美国AI需求带来的电力容量需求期间 CAGR约55%，未来三年累计需求超150GW，带来大量电力需求，配套设备迎来机遇，而北美目前缺电 问题凸显，自建电源成为大趋势，燃气轮机凭借快速响应、高功率适配性、较低发电成本，高可靠性成 为AIDC主电源优先解。当前全球海外燃机龙头在手订单规模已远超其现有产能水平，全球燃气轮机巨 头正推进产能扩张计划，但海外上游供应链扩产相对谨慎，产业链紧缺不断加剧，国产燃机整机与核心 零部件产业链迎来机遇，另外关注航改燃、船改燃缺口补充方案。 ...

Group 1 - AIDC construction is entering a high growth phase, with projected CAGR of approximately 55% for power capacity demand in the US from AI needs between 2025-2028, leading to a cumulative demand exceeding 150GW in the next three years [2][33] - The current electricity shortage in North America is prompting a trend towards self-built power sources, with gas turbines being favored due to their rapid response, high power adaptability, lower generation costs, and high reliability [2][3][35] - The global gas turbine market is experiencing a significant supply-demand mismatch, with leading companies having order backlogs that exceed current production capacity, leading to opportunities for domestic gas turbine manufacturers and core component suppliers [4][36] Group 2 - The demand side of AIDC construction is driving the need for supporting equipment, with AI model parameter increases necessitating higher computing power, thus accelerating the growth of the AIDC market [3][34] - Major AI companies are accelerating their investments in self-built power sources due to the electricity shortage in North America, with companies like xAI, Google, and Meta ordering gas turbines for AIDC power construction [3][35] - The domestic gas turbine industry is transitioning from long-term reliance on imports to self-research and commercialization, with a focus on filling supply gaps in aviation and marine fuel applications [5][36] Group 3 - The AIDC power revolution is officially underway, with four key areas of investment opportunity identified: power supply units (PSU), energy storage, power semiconductors, and core components [8][40] - The trend towards high power, high voltage, and direct current in AIDC power supply is being driven by the continuous increase in power requirements for AI chips and computing cabinets [40][42] - Energy storage is becoming a critical solution for addressing the electricity capacity gap in North America, with projections indicating a need for 18-73GWh of new storage capacity from 2026 to 2028 [21][53]

本文源自：市场资讯 恒生指数成分股中，长江基建集团、长和、电能实业涨幅居前；恒生科技指数成分股中，金蝶国际、联 想集团、蔚来涨幅靠前，小鹏汽车、华虹半导体跌幅较大。 作者：观察君 风电股走强背后有产业逻辑支撑。中信建投研究报告指出："AIDC建设进入高速增长期，测算2025- 2028年美国AI需求带来的电力容量需求期间CAGR约55%，未来三年累计需求超150GW，带来大量电力 需求，配套设备迎来机遇，而北美目前缺电问题凸显，自建电源成为大趋势，燃气轮机凭借快速响应、 高功率适配性、较低发电成本，高可靠性成为AIDC主电源优先解。" 2月26日，港股三大指数集体收跌。恒生指数报收26381.02点，下跌384.7点，跌幅1.44%；恒生科技指 数报收5109.33点，下跌151.17点，跌幅2.87%；国企指数跌2.44%。 汽车经销商板块走弱则与香港本地政策调整有关。香港财政司司长陈茂波在新一份财政预算案中表示， 考虑到电动私家车技术成熟、供应充足、车款选择增加和价格逐渐下调，电动私家车已具备市场竞争 力，电动私家车的首次登记税宽减安排（包括"一换一"计划）将在3月31日届满后不再继续。不过，电 动商用车 ...

(本文来自第一财经) 中信建投研报表示，AIDC建设进入高速增长期，测算2025-2028年美国AI需求带来的电力容量需求期间 CAGR约55%，未来三年累计需求超150GW，带来大量电力需求，配套设备迎来机遇，而北美目前缺电 问题凸显，自建电源成为大趋势，燃气轮机凭借快速响应、高功率适配性、较低发电成本，高可靠性成 为AIDC主电源优先解。当前全球海外燃机龙头在手订单规模已远超其现有产能水平，全球燃气轮机巨 头正推进产能扩张计划，但海外上游供应链扩产相对谨慎，产业链紧缺不断加剧，国产燃机整机与核心 零部件产业链迎来机遇，另外关注航改燃、船改燃缺口补充方案。 ...

Investment Rating - The industry investment rating is "Overweight" (maintained) [1] Core Insights - The report highlights the optimistic outlook for the liquid cooling industry, driven by strong performance and order growth from key players like维谛, AWS, and Google Cloud [4][5][6][7] - The report emphasizes the significant growth in organic orders and backlog for维谛, indicating a robust demand for liquid cooling solutions [4] - Major cloud service providers, including AWS and Google Cloud, have reported revenue growth exceeding expectations, with substantial increases in capital expenditures, suggesting a positive trend for the AI computing power supply chain [5][6] Summary by Sections 维谛 Performance - In Q4 2025, 维谛's sales reached $2.88 billion, a 23% year-over-year increase, with an adjusted operating profit margin of 23.2%, exceeding expectations [4] - The company experienced a 252% year-over-year growth in organic orders and a backlog increase to $15 billion, up 109% [4] - For 2026, 维谛 projects sales between $13.25 billion and $13.75 billion, with an organic growth rate of 28% and an EPS range of $5.97 to $6.07, reflecting a 43% year-over-year increase [4] AWS and Google Cloud Insights - AWS reported Q4 2025 net sales of $35.58 billion, a 24% year-over-year increase, with capital expenditures of $38.5 billion, up 48% [5] - Google Cloud's Q4 2025 revenue reached $17.7 billion, a 48% increase, with capital expenditures of $27.9 billion, up 95% [5] - Both companies are expected to continue significant capital investments in 2026, indicating strong growth prospects in the cloud computing sector [5] Meta and Microsoft Performance - Meta's Q4 2025 revenue was $59.893 billion, a 24% increase, with capital expenditures of $22.14 billion [6] - Microsoft's FY2026 Q2 revenue was $81.273 billion, a 17% increase, with the intelligent cloud segment growing by 26% [6] - Both companies are also increasing their capital expenditures significantly, reflecting confidence in future growth [6]

Group 1 - The core viewpoint is that the domestic and international AIDC (Automated Identification and Data Capture) construction is ramping up, leading to a rise in the mechanical sector, with the mechanical ETF Guotai (516960) increasing by over 2% [1] - Huaxi Securities indicates that the demand for electrical equipment remains high due to the increase in overseas power grid construction needs, sustaining a favorable market environment [1] - The dry electrode process is highlighted as a crucial aspect of solid-state battery technology, which enhances electrode density, simplifies production, reduces costs, and improves efficiency, thus accelerating the commercialization of solid-state batteries [1] Group 2 - The global development of dynamic storage is driving continuous demand for lithium batteries, resulting in a tightening supply-demand situation, which is expected to improve prices and profitability across various segments [1] - Solid-state batteries and sodium batteries are maturing technologies that will inject new vitality into the industry [1] - The mechanical ETF Guotai (516960) tracks a specialized mechanical index (000812) that focuses on the mechanical equipment industry, including specialized and general machinery sectors, reflecting the overall performance of listed companies in this field [1]

（文章来源：每日经济新闻） 创业板新能源ETF国泰（159387）跟踪的是创新能源指数（399266），单日涨跌幅限制达20%，该指数 从沪深市场中选取涉及清洁能源、新能源汽车、储能技术等业务的上市公司证券作为指数样本，以反映 具有技术创新能力和成长潜力的新能源行业相关上市公司证券的整体表现。 华西证券指出，海内外AIDC建设放量，叠加海外电网建设需求提升，电力设备需求高景气延续。在电 池技术方面，干法电极工艺是固态电池中重要的一环，该工艺通过直接将材料混合成干粉并机械压制形 成电极片，从而提高电极压实密度，并能简化生产工艺、降低成本、提高生产效率。干法工艺的规模化 可以推动固态电池商业化落地进程。此外，特斯拉近期宣布实现干法电极的规模化生产，被视为锂电池 生产技术的重大突破。 ...