多个板块异动！ 10月28日盘中，沪指站上4000点，为2015年8月以来首次。个股依旧活跃，可控核聚变、国产软件、 PCB、商业航天等方向领涨。 PCB概念股也集体走强，艾森股份、美联新材涨超11%，景旺电子、华正新材、宏和科技、大为股份等 纷纷涨停。另外，生益电子大涨近10%，再创历史新高，该公司此前发布业绩预告，预计2025年前三季 度实现营业收入66.14亿元到70.34亿元，同比增加108%到121%；实现归母净利润10.74亿元到11.54亿 元，同比增加476%到519%。 国产软件概念股表现活跃，榕基软件、格尔软件、达华智能涨停，方直科技、金山办公涨超8%，福昕 软件、信安世纪涨幅超过6%。华龙证券表示，党的二十届四中全会审议通过"十五五"规划建议，突出 新质生产力与科技自立自强。在未来政策支持下，国产软硬件公司下游需求有望加速改善，部分龙头已 进入业绩兑现期，建议关注国产替代投资机会。 商业航天概念股也探底回升，航天发展涨停，航天智装、航天科技、航天环宇、国科军工等纷纷走强。 10月27日，天兵科技宣布，天龙三号大型液体运载火箭"一箭36星"分离试验近日在天兵科技张家港智能 制造基地顺利完成 ...

本周大事件逐个付出水面，随着"靴子"开始落地，时态逐渐明朗，值得一提的是目前都是"好事"，现在形成了外围市场"大涨"，A股"小涨"的情况，4000点 本周突破只是时间问题，最关键的是场外的资金并未进场积极参与，难道你们就不心动吗？欧美股市开启新一轮新高行情，美联储10月降息将会是板上钉钉 的事情，机构资金会把注意力放在11月份，这一轮上涨行情还是结构性的轮动行情，抓错了方向就是白白错过，还是各凭本事吃肉！ 骑牛看熊发现科技行业或迎来前所未有的发展机遇，"十五五"时期，我国科技行业有望在产业链高附加领域进一步发力，通过产品创新，抢占产业链高地。 同时，政策支持下，新产品、新业态或孕育而生，特别是新型人工智能算法和基础设施、新型高端消费电子产品、低空经济、智能机器人、量子技术等新质 生产力领域，期待出现新突破。在此基础上再奋斗五年，未来将会实现我国经济实力、科技实力、国防实力、综合国力和国际影响力大幅跃升。 三大指数集体低，两市个股开盘跌多涨少，题材板块方面林业、家电零部件、云服务等板块表现较强，风电设备、钢铁、焦炭等板块表现较差。国产软件概 念异动拉升，榕基软件直线涨停，税友股份、格尔软件等纷纷冲高，高盛研究部 ...

纽威股份、东方钽业创新高，安泰科技涨停，哈焊华通、常辅股份、合锻智能、西部超导跟涨。 (本文来自第一财经) ...

Group 1 - The market experienced a significant upward trend, with the Shanghai Composite Index rising over 1% and approaching 4000 points, marking a ten-year high [1] - The trading volume in the Shanghai and Shenzhen markets reached 2.34 trillion, an increase of 365.9 billion compared to the previous trading day [1] - Sectors such as storage chips, CPO, and controllable nuclear fusion saw the highest gains, while gaming and wind power equipment sectors faced declines [1] Group 2 - Guojin Securities expressed optimism about the upward trend in quantum computing and controllable nuclear fusion industries, supported by the "14th Five-Year Plan" which aims to promote these sectors as new economic growth points [2] - Citic Construction Investment recommended focusing on investment opportunities in the liquid cooling sector, anticipating significant growth in market penetration by 2025 due to increased chip power consumption and the adoption of liquid cooling solutions [3] -招商证券 projected a marginal improvement in the profit growth rate of non-financial A-shares in the upcoming quarterly reports, with high growth expected in information technology and midstream manufacturing sectors [4]

Group 1 - The Chinese Academy of Sciences' Metal Research Institute has achieved industrial-scale production of high-purity ton-level Hastelloy C276 metal substrates for second-generation high-temperature superconducting tapes used in controlled nuclear fusion [1] - The controlled nuclear fusion industry is entering a capital expenditure expansion phase, with significant technological barriers in high-value segments, benefiting core companies in the supply chain as project bidding progresses [1] - Domestic investment in nuclear fusion projects is projected to exceed 150 billion yuan by September 2025, indicating a robust growth trajectory in the industry [1] Group 2 - Various technical routes for controlled nuclear fusion, including magnetic confinement, Z-pinch, and FRC, are experiencing significant changes, with public funding dominating current projects while private capital is leading future planning [2] - The global fusion race is intensifying, with frequent financing activities from fusion companies and major tech giants like Amazon and Microsoft entering the nuclear fusion investment space [2] - If nuclear fusion power plants achieve commercialization, annual investment could reach several hundred billion yuan, reflecting a potential for large-scale construction [2]

智通财经10月28日讯，市场昨日震荡上涨，沪指高开高走涨超1%，再创十年新高，盘中逼近4000点。 沪深两市成交额2.34万亿，较上一个交易日放量3659亿。板块方面，存储芯片、CPO、可控核聚变等板 块涨幅居前，游戏、风电设备等板块跌幅居前。截至昨日收盘，沪指涨1.18%，深成指涨1.51%，创业 板指涨1.98%。 在今天的券商晨会上，国金证券提出，看好量子计算和可控核聚变产业趋势向上；中信建投表示，建议 重视液冷散热板块投资机遇；招商证券指出，预计三季报非金融A股盈利增速有望边际改善。 国金证券：看好量子计算和可控核聚变产业趋势向上 国金证券表示，"十五五"提出推动量子科技、核聚变能等成为新的经济增长点，看好量子计算和可控核 聚变。10月24日，《中共中央关于制定国民经济和社会发展第十五个五年规划的建议》提出，前瞻布局 未来产业，推动量子科技、生物制造、氢能和核聚变能、脑机接口、具身智能、第六代移动通信等成为 新的经济增长点。两个产业有望获得顶层政策护航、资金支撑，看好量子计算和可控核聚变产业趋势向 上。 中信建投：建议重视液冷散热板块投资机遇 中信建投表示，2025年是英伟达AI芯片液冷渗透大幅提升的 ...

小幅高开后探底回升，截止午盘三大指数集体收涨，其中沪指上涨1.04%，深成指上涨1.26%，创业板指上涨1.54%。两市合计超3500只个股上 涨，合计成交额1.565万亿。 算力硬件方向强势拉升，其中东田微触及20cm涨停，新易盛、汇绿生态、中际旭创盘中均创历史新高。可控核聚变概念股反复活跃，其中东方 钽业创历史新高。福建本地股爆发，其中海峡创新20cm涨停，平潭发展7天5板。煤炭板块局部回暖，其中郑州煤电6天3板。 风电设备低开低走陷入调整，截止午盘下跌1.59%，其中海力风电下跌8.9%，道生天合下跌6.78%，威力天合下跌5.77%。游戏、商汤概念、电 子竞技、赛马概念等行业板块紧随其后。 消息面：今年以来 超7600万名消费者购买12大类家电以旧换新产品超1.26亿台。蚂蚁集团入股AI硬件研发商艾德未来智能。伦敦金属交易所三 个月期铜创下每吨11035美元的历史新高。以太坊升破4200美元，日内涨超3%。 欢迎您在评论中分享自己的看法，大家一起学习和讨论。 ...

市场 共3361只个股上涨，63只个股涨停，1862只个股下跌。 | 880005 涨跌家数 | | | | --- | --- | --- | | 日中 | 涨停 | 63 | | 涨幅 | > 7% | 147 | | 涨幅 | 5-7% | 140 | | 涨幅 | 3-5% | 341 | | 涨幅 | 0-3% | 2733 | | 跌幅 | 0-3% | 1673 | | 跌幅 | 3-5% | 133 | | 跌幅 | 5-7% | 32 | | 跌幅 | > 7% | 24 | | 真中 | 跌停 | 15 | | 上涨家数 | | 3361 | | 下跌家 23 | | 1862 | | | | 217 | | 平盘停车 海 | | 5440 | | | | 23565.89亿 | | 总成交量 | | 136813.47 | | 涨家增减 | | 641 | | 涨家增幅 | | 23.57% | | 指数量比 | | 1.15 | 【导读】全线大涨，A股逼近4000点，韩国股市 首次突破4000点，日本股市突破50000点 中国基金报记者 泰勒 大家好，今天全市场大涨，相信你们都挣钱了吧 ...

Group 1: Market Reaction - The A-share controllable nuclear fusion sector experienced a significant surge, with stocks such as Antai Technology, Xiamen Tungsten, and Dongfang Tantalum hitting the daily limit, reflecting positive market sentiment towards nuclear fusion energy development [1][4] - The market's response indicates strong investor interest and optimism regarding the future potential of nuclear fusion as a key area for economic growth [4] Group 2: Policy and Industry Development - The 24th Central Committee of the Communist Party of China approved a proposal for the 15th Five-Year Plan, emphasizing the strategic importance of industries like quantum technology, biomanufacturing, hydrogen energy, and nuclear fusion [1][3] - The clean energy transition is crucial for achieving China's dual carbon strategy, with hydrogen and nuclear fusion energy identified as complementary solutions for deep decarbonization [3][4] Group 3: Company Highlights - Western Superconducting Technologies, a leader in low-temperature superconductors, is a core supplier for major nuclear fusion projects, with significant contracts and a 65.75% year-on-year revenue growth in its superconducting business [5] - Yongding Co., a pioneer in high-temperature superconductors, reported a staggering 917.66% increase in net profit, driven by substantial orders from nuclear projects [5] - Lianchuang Optoelectronics, a global leader in high-temperature superconducting magnets, secured a 5 billion yuan order for a hybrid reactor system, showcasing its innovative technology [5][6] Group 4: Technological Advancements - Since 2025, China's nuclear fusion sector has entered a rapid development phase, marked by significant technological breakthroughs and the establishment of key companies like China Fusion Energy Co. [4] - Shanghai Electric has emerged as a comprehensive supplier for fusion equipment, successfully delivering critical components for international projects, demonstrating its manufacturing capabilities [6]

证券研究报告 行业研究 / 行业点评 2025 年 10 月 27 日 行业及产业 机械设备 一年内行业指数与沪深 300 指数对比走势： 资料来源：聚源数据，爱建证券研究所 相关研究 《智能制造行业周报：通用机器人自主性增强， 工业场景加速渗透》2025-10-21 ——智能制造行业周报（2025/10/20-2025/10/24） 强于大市 投资要点： 本周（2025/10/20-2025/10/24）沪深 300 指数+3.24%，其中机械设备板块+4.71%， 申万一级行业排名 4/31 位。机械设备子板块中，磨具磨料+10.42%，表现最佳。本周机械 设备行业 PE-TTM 估值-5.73%，子板块 PE-TTM 抬升幅度前三子板块为：磨具磨料 +10.42%，激光设备+8.74%，其他自动化+6.78%；后三子板块为：服纺设备+2.11%，工 程整机+2.88%，工控设备+2.97%。 产业端本周重要变化： 投资建议： 1）平台型半导体设备厂商横向扩展设备品类、纵向打通工艺流程，能在客户验证周期缩短、 集中采购增强的趋势中获得更高的业绩弹性，有望深度受益于本轮自主可控浪潮，建议关注 【北方华创】【 ...