2026年2月9日，A股市场出现了一道奇观。 CPO概念板块午盘涨幅直接冲到了9.6%，接近涨停。 这可不是一两只股票在涨，而是整个板块都在狂飙。 天孚 通信的股价一度逼近20厘米的涨停板，最后收盘时创下了公司上市以来的历史最高价。 新易盛大涨超过7%，中际旭创涨了近5%。 光库科技、蘅东光这些 股票，涨幅全都在10%以上。 整个板块红得发紫，持有这些股票的超过一百万散户投资者，情绪彻底被点燃了。 市场突然这么火爆，直接原因是前一天晚上，CPO产业链上的主要公司，扎堆发布了2025年的全年业绩预告。 这些预告里的数字，一个比一个吓人，彻底坐实了市场对于AI算力需求的猜想。 新易盛预计2025年能赚94亿到99亿元，相比去年增长了231%到248%。 也就是说，它的利润在一年之内，翻了接近两倍半。 这种增长速度，在体量已经不小的上市公司里，极其罕见。 另一家龙头中际旭创，预告的净利润规模更大，在98亿到118亿元之间，同比增长89%到128%。 接近百亿的利润规模，让它成为了行业里绝对的巨无霸。 更关键的是，如果扣除掉给员工股权激励的费用，它光模块核心业务的净利润实际在108亿到131亿，增速更快。 这说明它的 ...

Market Performance - The Shanghai and Shenzhen stock indices showed mixed performance on September 5, with the Shanghai Composite Index slightly lower and the Shenzhen Component and ChiNext Index higher [1] - The ChiNext Index saw a peak increase of 4.08% during the session, indicating strong market activity [1] - By midday, the Shanghai Composite Index was at 3778.95 points, up 0.35%, with a trading volume of approximately 574 billion; the Shenzhen Component was at 12362.85 points, up 2.01%, with a trading volume of about 794.7 billion [1] Sector Performance - Strong early gains were observed in sectors such as sports concepts, education and leisure, and gaming, while battery-related sectors like sodium batteries and solid-state batteries also performed well [1] - By midday, sectors such as batteries, photovoltaic equipment, and components led the gains, while banking, insurance, and tourism sectors faced declines [1] Institutional Insights - CICC noted that the A-share market's turnover surged to 3.17 trillion on August 25, with a sustained turnover around 3 trillion in subsequent days, indicating a weekly average turnover rate exceeding 5% [2] - Historical data suggests that when the turnover rate exceeds 5%, the index often experiences a correction phase, but subsequent trends typically show a rebound beyond previous highs [2] - Current market valuations are deemed reasonable, with expectations for positive earnings growth in the latter half of the year, supported by policy incentives [2] Industry Trends - Guojin Securities highlighted a trend of demand stabilization and an improving business environment, with a clear turning point in profitability for various sectors including motorcycles, components, and gaming [3] - Haitong Securities projected that the supply-demand relationship for electrolytic aluminum will remain tight, with prices expected to rise to 22,000 yuan per ton by the second half of 2025, supported by low absolute inventory levels [3] Policy Developments - The National Mine Safety Administration approved a key research and development directory for intelligent mining robots, encouraging collaboration between mining enterprises and research institutions to enhance safety and efficiency [4] - Hainan is implementing more open and convenient duty-free shopping policies for travelers, aiming to increase the variety of duty-free goods and enhance the shopping experience [5][6] International Interest - Hong Kong Exchanges and Clearing's CEO noted a significant increase in international investors' interest in Chinese technology innovations, with nearly 40% of this year's refinancing coming from tech companies [7]