Group 1 - The company plans to use up to 7.5 billion yuan of idle raised funds for cash management while ensuring the smooth implementation of fundraising projects and safeguarding the funds' safety [2] - The cash management amount is a ceiling and the actual amount will be significantly lower, with the scale of idle funds expected to decrease as projects progress [2] - The company emphasizes continuous R&D investment to accelerate product iteration and overcome core technological barriers, ensuring that cash management does not affect the normal development of main business [2] Group 2 - The first MUSA Developer Conference will be held from December 20 to 21, where the founder will present the full-stack development strategy and future vision centered on MUSA [3] - The company's stock price has surged over 600% since its listing, with the latest price at 814.88 yuan per share and a total market value of 383 billion yuan [3] Group 3 - The company operates in the C39 computer, communication, and other electronic equipment manufacturing industry, with a static P/E ratio of 59.34 and a static P/S ratio of 11.76 [5] - For the first nine months of 2025, the company reported revenue of 785 million yuan and a net loss of 724 million yuan, with projected losses for the full year between 1.168 billion yuan and 730 million yuan [5] - The company acknowledges a gap in R&D strength and core technology accumulation compared to international giants, with new products and architectures still in the research phase [5]

热点栏目 自选股 数据中心 行情中心 资金流向 模拟交易 客户端 12月12日晚间，摩尔线程（688795.SH）发布公告，拟使用不超过75亿元的部分闲置募集资金进行现金 管理。 公告披露引起关注，摩尔线程相关负责人表示："公司前期明确披露了募集资金的项目计划，所募75亿 资金有分阶段、明确的研发、技术升级等一系列使用安排，也将严格按照既定募投项目计划的推进。项 目实施周期为三年，资金支出将根据项目进度分阶段拨付。因为项目是分阶段投入，现阶段为提升募集 资金使用效率，在确保募投项目顺利实施、不影响原有资金安排、且保障募集资金安全的前提下，当前 公司拟对部分尚未暂时闲置的募集资金进行现金管理，以合理提高资金收益，符合公司及全体股东的利 益。" 同时，该负责人还表示，本次审议的75亿元为现金管理额度上限，并非实际现金管理金额。实际现金管 理金额将明显小于上限，而且后续随着募投项目逐步推进，以及置换前期自有资金投入募投项目的金 额，闲置资金规模将相应减少，现金管理额度也会随之动态下降。 该负责人强调，公司将持续加大研发投入，以加速产品快速迭代、攻坚核心技术壁垒，并构建自主可控 的技术与产品体系，绝不会因现金管理影响 ...

Core Viewpoint - The company plans to utilize up to 7.5 billion yuan of idle raised funds for cash management while ensuring the smooth implementation of its fundraising projects and maintaining the safety of the raised funds [1][6]. Group 1: Fund Management and Usage - The company has a clear plan for the use of the 7.5 billion yuan raised funds, which includes phased investments in R&D and technology upgrades over a three-year project implementation cycle [1]. - The cash management amount of 7.5 billion yuan is a ceiling and not the actual amount to be managed, which will be significantly lower and will decrease as the fundraising projects progress [1]. - The company emphasizes that cash management will not affect the normal implementation of fundraising projects or the development of its main business [1]. Group 2: Upcoming Events and Strategic Developments - The first MUSA Developer Conference will be held from December 19 to 20, where the founder and CEO will outline the full-stack development strategy centered around MUSA and unveil a new GPU architecture [2]. - The conference will also cover the complete product system, core technologies, industry solutions, and share multi-domain case studies and ecosystem development progress [2]. Group 3: Financial Performance and Market Position - Since its listing, the company's stock price has surged, currently at 814.88 yuan per share, representing an increase of over 600% from the issue price, with a total market capitalization of 383 billion yuan [3]. - The company operates in the C39 computer, communication, and other electronic equipment manufacturing industry, with a static P/E ratio of 59.34 and a static P/S ratio of 11.76 [5]. - For the first nine months of 2025, the company reported a revenue of 785 million yuan and a net loss of 724 million yuan, with an expected net loss for the year between 1.168 billion yuan and 730 million yuan [6].

Group 1 - The company plans to use up to 7.5 billion yuan of idle raised funds for cash management while ensuring the smooth implementation of fundraising projects and safeguarding the funds [1] - The cash management amount is a ceiling and the actual amount will be significantly lower, with the scale of idle funds expected to decrease as projects progress [1] - The company emphasizes that cash management will not affect the normal operation of fundraising projects or the main business [1] Group 2 - The first MUSA Developer Conference will be held from December 19 to 20, where the founder and CEO will present the full-stack development strategy and future vision [2] - The company's stock price has increased over 600% since its listing, with a current market capitalization of 383 billion yuan [2] - The company's static price-to-earnings ratio is significantly higher than the industry average, indicating a high valuation relative to earnings [2] Group 3 - For the first nine months of 2025, the company reported a revenue of 785 million yuan and a net loss of 724 million yuan, with an expected net loss for the year between 1.168 billion yuan and 730 million yuan [3] - The company is committed to high R&D investment and product iteration based on its self-developed MUSA architecture, but it still lags behind international giants in several aspects [3] - New products and architectures are still in the research phase, and revenue generation will take time [3]

天眼查显示，近日，深圳市极能宏益科技有限公司成立，法定代表人为金晓辉，注册资本1500万人民 币，由深圳市紫宸澜山实业发展有限公司全资持股。 序号股东名称持股比例1深圳市紫宸澜山实业发展有限公司100% 经营范围含一般经营项目是：技术服务、技术开发、技术咨询、技术交流、技术转让、技术推广；以自 有资金从事投资活动；国内贸易代理。（除依法须经批准的项目外，凭营业执照依法自主开展经营活 动），许可经营项目是：无 企业名称深圳市极能宏益科技有限公司法定代表人金晓辉注册资本1500万人民币国标行业制造业>计算 机、通信和其他电子设备制造业>电子器件制造地址深圳市龙华区福城街道茜坑社区鸿创科技中心2栋 一单元904企业类型有限责任公司(法人独资)营业期限2025-12-12至无固定期限 来源：市场资讯 ...

来源：全景财经 为持续向投资者普及ETF基础知识，招商证券携手十大基金公司，联合全景网共同举办2025年招商证 券"招财杯"ETF实盘大赛系列直播，旨在帮助投资者提升资产配置与风险管理能力，促进ETF市场的健 康发展。 12月5日，"招财杯"ETF实盘大赛系列直播邀请到了招商基金基金经理廖裕舟一起探讨《港股科技一轮 调整过后，是持续"去泡沫"还是蓄势再突破？》。 廖裕舟表示，10月份开始的港股科技的这一波回撤，是非常典型的日历效应，到年底大家有偏保守或者 偏价值的获利了结心态，基本面并没有发生太大的变化。结合AI产业趋势、港股科技企业基本面、资 金面以及估值来看，港股科技行情未来仍然值得关注。 不同于A股AI板块偏硬科技、偏制造板块的公司，港股科技主要是偏大的AI平台公司，偏软的互联网、 计算机行业，这些都是A股相对稀缺的。 从AI产业趋势来看，已经离商业化越来越近了。当前谈论AI泡沫为时尚早，截至12月3日，恒生科技指 数PE约为23倍，在历史上近十年的分位数只有33%，且横向对比美国AI龙头估值更有优势。中美对比 来看，我现在越来越相信中国AI企业选择的商业化路径是相对更靠谱的。 不同的港股指数，其重仓股 ...

Group 1 - The central economic work conference emphasizes a continuation of proactive macro policies, including more active fiscal policy and moderately loose monetary policy, to support economic recovery and stabilize the capital market [1] - The focus for 2026 is on improving quality and efficiency, with core directions being economic structure adjustment, industrial structure optimization, and technological self-reliance, reinforcing the long-term logic of "technology growth" in the A-share market [1] - The external environment is improving with resilient overseas economies and expectations of interest rate cuts by the Federal Reserve, while domestic "dual easing" policies are likely to continue, leading to a weak recovery in the economy [1] Group 2 - The technology growth sector remains the core focus for medium to long-term investment, with the AI industry chain expected to shift from hardware to application, particularly in media, computing, and internet sectors [2] - Four specific investment themes are highlighted: high dividend assets in white goods, banks, and telecoms; improvement in coal, steel, and solar industries driven by "anti-involution" policies; new consumption areas like health and pet economy alongside travel and aviation; and resource sectors benefiting from rising commodity prices [2] - The A-share market is expected to continue its upward trend in 2026, supported by policies, improved internal and external environments, and structural optimization, with a focus on technology growth and advantageous sectors [2]

以最新收盘价计算，A股平均股价为13.69元，其中股价超过100元的有167只，相比上一个交易日增加9 只。 百元股作为判定市场热度的信号之一，历来受到投资者关注。证券时报·数据宝统计显示，截至12月12 日收盘，沪指报收3889.35点，上涨0.41%，A股平均股价为13.69元，个股股价分布看，股价超过100元 的有167只，股价在50元至100元的有421只，股价在30元至50元的有733只。 股价超百元个股中，收盘价最高的是贵州茅台，今日报收1420.65元，上涨0.61%，其次是寒武纪、摩尔 线程等，最新收盘价分别为1344.00元、814.88元。 市场表现方面，收盘股价超百元股中，今日平均上涨2.33%，跑赢沪指1.92个百分点。今日上涨的有130 只，涨幅居前的有晶丰明源、联特科技等，下跌的有37只，跌幅居前的有摩尔线程、品茗科技等。 | 代码 | 简称 | 最新收盘价（元） | 今日涨跌（%） | 换手率（%） | 行业 | | --- | --- | --- | --- | --- | --- | | 600519 | 贵州茅台 | 1420.65 | 0.61 | 0.30 | 食品饮料 ...

Market Overview - The Shanghai Composite Index rose by 0.41% on December 12, with 21 out of the 28 sectors experiencing gains. The top-performing sectors were non-ferrous metals and electronics, with increases of 1.50% and 1.46% respectively. Conversely, the retail trade and comprehensive sectors saw declines of 1.28% and 1.18% respectively [1] Capital Flow Analysis - The main capital flow showed a net outflow of 4.872 billion yuan across the two markets. However, 14 sectors recorded net inflows, with the power equipment sector leading with a net inflow of 2.805 billion yuan and a daily increase of 1.42%. The machinery equipment sector followed with a net inflow of 1.771 billion yuan and a daily increase of 1.21% [1] Basic Chemical Industry Performance - The basic chemical industry experienced a slight decline of 0.10%, with a total net capital outflow of 2.116 billion yuan. Out of 405 stocks in this sector, 159 stocks rose, including 4 that hit the daily limit, while 230 stocks fell, with 3 hitting the lower limit. Notably, 150 stocks in this sector saw net capital inflows, with ST Jiaao leading at a net inflow of 121 million yuan [2] Top Gainers in Basic Chemical Industry - The following stocks in the basic chemical industry had significant net capital inflows: - ST Jiaao: +4.99%, 120.50 million yuan - Xinjin Road: +10.02%, 116.04 million yuan - Zhenhua Shares: +7.20%, 79.56 million yuan - Other notable gainers included Changjiang Materials and Hangyang Shares with increases of 10.00% and 6.25% respectively [2] Top Losers in Basic Chemical Industry - The following stocks in the basic chemical industry faced substantial net capital outflows: - Duofluor: -8.09%, -581.61 million yuan - Yuntianhua: -3.13%, -316.68 million yuan - Yongtai Technology: -7.21%, -235.59 million yuan - Other significant losers included Salt Lake Shares and Junzheng Group with outflows of -197.29 million yuan and -86.04 million yuan respectively [3]

计算机行业资金流出榜 计算机行业资金流入榜 | 代码 | 简称 | 今日涨跌幅（%） | 今日换手率（%） | 主力资金流量（万元） | | --- | --- | --- | --- | --- | | 002261 | 拓维信息 | 3.07 | 4.93 | 23944.36 | | 002230 | 科大讯飞 | 1.70 | 1.83 | 18363.45 | | 688615 | 合合信息 | 13.80 | 8.88 | 16126.46 | | 300290 | 荣科科技 | 2.17 | 5.91 | 11604.06 | | 300377 | 赢时胜 | 5.16 | 20.53 | 11143.11 | | 002415 | 海康威视 | 0.78 | 0.54 | 10942.22 | | 300033 | 同花顺 | 0.55 | 2.17 | 10160.99 | | 688111 | 金山办公 | 4.02 | 1.66 | 7867.03 | | 002920 | 德赛西威 | 4.80 | 2.28 | 7043.81 | | 300339 | 润和软件 | 2.06 | 3 ...