每经头条（nbdtoutiao）——5年增长33倍，这类新险种卖爆了，身边很多人都需要，30多家险企蜂拥而 入⋯⋯ （记者 曾健辉） 截至发稿，恒润股份市值为76亿元。 每经AI快讯，恒润股份（SH 603985，收盘价：17.2元）9月26日晚间发布公告称，截至2025年9月23 日，江阴市恒润重工股份有限公司股东周洪亮先生持有公司股份数量约为1970万股，占公司总股本的 4.47%；本次解除质押后，周洪亮先生累计质押股份数量约为1064万股，占其所持股份比例为54.02%， 占公司总股本的2.41%。 2024年1至12月份，恒润股份的营业收入构成为：风电塔筒法兰占比37.26%，风电轴承占比16.43%，其 他业务占比13.34%，算力行业占比11.45%，机械行业配套占比11.22%，其他行业占比10.27%。 ...

Group 1: Company Overview - The company, Yinchuan Weili Transmission Technology Co., Ltd., has invested a total of 1.231 billion CNY in the wind power gearbox smart factory as of the end of August 2025 [2] - The construction of the wind power gearbox smart factory (Phase I) is progressing smoothly, with all civil engineering work completed and core production equipment mostly delivered [2][3] Group 2: Production Capacity and Planning - The factory is currently in the critical construction phase, with production capacity expected to gradually ramp up as the team improves operational proficiency and equipment is fine-tuned [3] - The production capacity will follow a "steady ramp-up, gradual release" approach, with ongoing monitoring of production line integration, personnel training, and equipment debugging [3] Group 3: Product Advantages - The gearbox features advantages such as smooth engagement, low noise, good sealing performance, high efficiency, lightweight, and low cost, attributed to advanced technology and processes [3] - The gears are made from high-quality alloy steel and undergo various heat treatment processes to enhance wear resistance and fatigue life [3] Group 4: Technical and Industry Barriers - Technical barriers include the need for high precision in design, processing, and assembly, along with rigorous testing to ensure reliability and longevity [4][5] - Financial barriers exist due to the capital-intensive nature of the industry, requiring significant investment in equipment and R&D [5] - Customer and certification barriers arise from strict supplier admission criteria and lengthy validation cycles, making it difficult for new entrants to penetrate the market [5] - Brand and talent barriers are present as customers prioritize brand reputation, and the industry requires multidisciplinary talent, complicating team formation for new companies [5]

金风科技发布公告称，将为全资子公司金风国际的全资子公司金风澳洲提供担保。金风澳洲与Zenith Energy Operations Pty Ltd签署《风机供货和安装协议》，金风科技与其签署《母公司担保协议》，为金 风澳洲履约责任和义务提供担保，担保金额383,367,178.71澳元（折合人民币约1,786,452,716.07元）， 担保期限预估从2025年至2030年。 ...

Market Overview - The three major indices experienced a collective pullback, with the Shanghai Composite Index down 0.65%, the Shenzhen Component down 1.76%, and the ChiNext Index down 2.60% [1] - The trading volume in the Shanghai and Shenzhen markets exceeded 2.1 trillion, a decrease of over 200 billion compared to the previous day [2] - The market is showing increased divergence as the holiday approaches, with trading volume relatively dull compared to last week, but volatility is on the rise [3] Sector Performance - The market saw a broad adjustment, with most industry sectors declining. Wind power equipment, chemical fiber, fertilizer, and insurance sectors showed gains, while technology sectors such as gaming, consumer electronics, electronic components, internet services, communication equipment, and software development faced significant declines [6] - Technology stocks experienced a widespread retreat, particularly in computing power sectors, with companies like Zhongheng Electric, Lianang Micro, and Qingshan Paper hitting their daily limit down. Major stocks like Inspur Information and Industrial Fulian also saw substantial drops [8] - Copper-related stocks performed well against the trend, with companies like Jingyi Co. achieving three consecutive limit-up days, and Jiangxi Copper and Tongling Nonferrous Metals also rising. This was influenced by supply concerns following a landslide at the Grasberg mine in Indonesia, which announced "force majeure" due to production stoppage [9] Investment Sentiment - As the National Day holiday approaches, investors face a classic dilemma of whether to hold stocks or cash. The market is experiencing increased volatility and accelerated sector rotation [19] - The market's profitability is declining, with only 32% of stocks rising this week, marking a low point in the current uptrend [21] - Historical data indicates that the probability of index declines in the five trading days leading up to the National Day holiday is 60%, suggesting a cautious outlook for the near term [21] Future Outlook - The technology sector has been a major contributor to the recent index gains, but the current crowded positioning indicates a demand for adjustment. The TMT sector has contributed 42% to the overall A-share index increase since June 23, with a trading volume share of 37% [25] - Given the historical trend of poor performance before the National Day holiday, there is a likelihood of profit-taking, and sectors with strong bottom support signals, such as banking and insurance, may be more favorable [26] - The market is expected to remain in a downward trend with a solid base, and while the medium to long-term upward momentum is still sufficient, more definitive trends may emerge post-October [27]

A股今日（9月26日）回落走低，创业板指跌超2%；港股亦下挫，恒生指数跌超1%，恒生科技指数大跌 近3%。 消息面上，当地时间9月25日，美国总统特朗普在其社交媒体"真实社交"宣布，自10月1日起，美国将对 多类进口产品实施新一轮高额关税。措施包括：对厨房橱柜、浴室洗手台及相关建材征收50%关税，对 进口家具征收30%关税，对专利及品牌药品加征100%关税。 半导体板块回落 半导体板块今日回落走低，截至收盘，立昂微跌停，东微半导、概伦电子、瑞芯微、芯原股份等跌超 6%。 医药板块跳水 医药板块今日大幅下挫，截至收盘，广生堂跌近15%，向日葵、博瑞医药等跌超10%，奥赛康跌停，翰 宇药业跌超9%，药明康德A股跌近4%。 | 代码 � | 名称 | | 涨幅%1 | 现价 | 涨跌 | 买价 | 卖价 | 总量 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 300436 1 1 | | | -14.78 | 103.60 | -17.97 | 103.59 | 103.60 | 212449 | | 300111 同日葵 | | | -13 ...

Investment Rating - The report maintains an "Overweight" rating for the power equipment and new energy industry [2] Core Insights - The energy storage system bidding scale in August 2025 saw a month-on-month increase of over 10 times, reaching 17.7GW/45.7GWh, marking a year-on-year growth of 237.1% and 691.4% respectively [5][39] - The power equipment sector has outperformed the CSI 300 index, with a year-to-date increase of 38.91%, surpassing the index by 22.18 percentage points [12][18] - The report highlights significant growth in the grid-side energy storage system, which reached a bidding scale of 18.2GWh in August, reflecting a year-on-year increase of 437.2% and a month-on-month increase of 521.9% [40] Summary by Sections Market Review - As of September 25, 2025, the power equipment industry rose by 8.19% over the past two weeks, outperforming the CSI 300 index by 7.19 percentage points, ranking second among 31 industries [12] - The wind power equipment sector increased by 8.31%, while the battery sector saw a rise of 12.48% [18] Valuation and Industry Data - The power equipment sector's PE (TTM) is 34.90 times, with sub-sectors like the motor sector at 67.83 times and the battery sector at 37.26 times [25] - The report provides detailed valuation metrics for various sub-sectors, indicating a significant premium over historical averages [25] Industry News - The report notes China's commitment to reducing greenhouse gas emissions and increasing the share of non-fossil energy consumption to over 30% by 2035 [39] - It emphasizes the government's push for large-scale applications of energy storage equipment, focusing on safety and efficiency [39] Company Announcements - The report includes announcements from companies like Datang Group regarding a major offshore wind power project and various corporate actions from firms like Goldwind Technology and Longi Green Energy [42][43] Weekly Perspective - The report suggests focusing on leading inverter companies benefiting from the development of new energy storage technologies, highlighting specific companies such as Guodian NARI and Sunshine Power [44]

Group 1 - The core market sentiment reflects a significant decline in the ChiNext index, dropping by 2.6%, with over 3,400 stocks falling, particularly in the technology sector such as gaming and computing hardware [1][3] - The technology sector is experiencing a collective pullback, attributed to high valuations not matching earnings growth, despite some stocks having over 100% gains this year [3][4] - The wind power and chemical fiber sectors are showing resilience, with companies like Weili Transmission and Shunfeng Mingyang seeing substantial gains, indicating strong performance amid broader market declines [1][4] Group 2 - The wind power sector benefits from global energy transition trends, with domestic profitability turning a corner and new business opportunities in hydrogen and ammonia [4][5] - The chemical fiber industry is undergoing supply-side reforms, with companies like Shunfeng Mingyang expanding into high-value products, contributing to their stock performance [4][5] - The trading volume decreased to 2.17 trillion yuan, indicating a cautious sentiment among large investors, with a shift from high-valuation tech stocks to undervalued sectors [5][6] Group 3 - The strategy suggests avoiding high-valuation sectors like gaming and computing hardware while focusing on performance-driven sectors like wind power and chemical fiber [6][7] - Maintaining a cash reserve and controlling positions below 60% is recommended to prepare for clearer market directions post-holiday [7][8] - The current market adjustment is viewed as a strategic shift from speculative bubbles to value investments, emphasizing the importance of policy support and earnings certainty [8]

场内超3400股飘绿，医药板块下挫，广生堂（300436）、向日葵、博瑞医药等跌超10%；半导体板块回 调，3连板的立昂微（605358）午后跌停；风电概念崛起，威力传动（300904）、湘电股份 （600416）、宏盛股份（603090）等涨停；值得的注意的是，神马股份（600810）、易成新能 （300080）、大有能源（600403）集体涨停；晶盛机电（300316）午后飙升，一度涨超15%。此外，今 日登陆创业板的昊创瑞通收盘上涨190.8%报61.06元/股，盘中最高至75元/股涨幅达257%，以盘中最高 价计算，该股单签收益达2.7万元。 港股方面，地平线机器人、小米集团跌超8%，金山软件跌逾7%，中芯国际跌逾5%，京东集团、阿里巴 巴等跌超3%；小鹏汽车涨逾5%，华虹半导体涨逾3%。 医药板块跳水 医药板块今日大幅下挫，截至收盘，广生堂跌近15%，向日葵、博瑞医药等跌超10%，奥赛康 （002755）跌停，翰宇药业（300199）跌超9%，药明康德A股跌近4%。 | 代码 名称 | | | 涨幅% | 现价 | 浓炭 | 买价 | 总量 卖价 | | | --- | --- | --- | -- ...

涨跌停板数据，不仅是反映板块和个股强弱的指标，更是市场情绪与资金流向的重要标志。那么，今日 的涨停个股有哪些特点呢？哪些涨停股又值得重点关注？ 今日上证指数下跌0.65%，个股涨跌幅中位数为-0.58%。涨停板方面，持续多日霸榜的AI产业链概念 股，今日涨停股个数再度减少。 各位投资者，大家好。 值得注意的是，今日有不少风电行业个股涨停，其中3只创下近一年新高，而昨日有较多电力设备行业 个股涨停。在AI产业链涨停股数量连续两日减少的同时，电力相关行业个股却频现涨停榜，是否是资 金进攻方向切换的信号？这是值得关注的。当然，AI是耗电大户，电力算是AI产业链的上游行业，从 产业链传导的逻辑上来讲也有一定可能。 消息面上，近期，摩根士丹利上调中国风电行业评级，认为板块或迎来复苏。摩根士丹利在最新研报中 指出，经过近三年的下行周期后，中国风电价值链通过行业自律成功实现了"反内卷"，在2025年初实现 了价格和整体盈利能力的转机。该机构预计国内风电装机需求将保持韧性，并看好关键零部件供应商和 海缆企业的投资机会。 一、市场总览及板块特征 沪深两市（不含ST个股）涨停47家，较昨日增加6家；跌停21家，较昨日增加15家。 ...

转自：智通财经 注：智通财经VIP为内容资讯产品，并非投资建议。以下内容仅为资讯价值展示非对相关公 司的推荐建议，非未来走势预测。投资有风险，入市需谨慎。 喜迎国庆，智通财经VIP两大惊喜活动邀请您参与，9月22日-9月30日享福利+欢乐超一周！ 活动一：猜9月30日收盘沪指点位，参与即可0元体验VIP，更有机会赢订制"牛运"摆件。 活动二：《九点特供》VS《智通财经早知道》，留言票选你心仪的资讯内参，与主编交流互动领文章 解锁券，人气栏目国庆享8折低价购。 市场热点一 有色金属 消息面上，中国有色金属工业协会铜业分会表示坚决反对铜冶炼行业"内卷式"竞争。此外，全球第二大 铜矿——印尼格拉斯伯格矿区因泥石流事故宣布"不可抗力"而停产。 《九点特供》：盘前必读的特供早报。 9月26日08:12《九点特供》 解读龙头板块金属铜，指出自由港麦克莫兰公司旗下的印尼 GrasbergBlockCave铜矿发生了泥石流事故，该矿属于世界第二大铜矿，2024年占全球供应量的4%，此 调整可能导致2026年全球铜供需短缺扩大至72.5万吨，约占总供给的2.6%，并提及精艺股份，其在9月 26日收获涨停。 中信证券表示，从产能 ...