今日A股市场震荡拉升，沪指高开高走，深成指、创业板指均涨近1%。沪深两市成交额1.88万亿，较上一个交易日缩量196亿。 市场概况 2897 966 792 226 200 128 85 124 86 27 9 11 6 小于 大于 涨停 -6% 跌停 +8% +6% +4% +2% 0% -2% -4% -8% -8% +8% 下跌 1137家 上涨 4128家 持平 200家 涨停 86家 停牌 14家 跌停 6家 两市成交额: 1.88万亿 市场热度: 69 0 较上一日: - 196亿 今日预测量能: 50 0 100 1.88万亿 -196亿 下载财联社APP获取更多资讯 准确 快速 权威 专业 7x24h电报 头条新闻 VIP资讯 实时盯盘 盘面上， 市场热点轮动较快，全市场超4100只个股上涨 。从板块来看， 商业航天概念持续爆发 ，20余只成分股涨停，神剑股份5连板，国机精工4 天3板，上海港湾、九鼎新材、再升科技涨停。算力硬件概念拉升，环旭电子6天3板，英唐智控20cm涨停。福建板块走强，安记食品7天4板，合兴包 装3连板。PCB概念快速拉升，生益科技涨停创历史新高。 下跌方面，贵金属、保险 ...

12月24日，A股三大股指早盘窄幅震荡，午后有所回升，截止收盘，沪指涨0.53%报3940.95点，深成指 涨0.88%报13486.42点，创业板指涨0.77%报3229.58点，科创50指数涨0.9%报1352.13点；沪深两市成交 额1.88万亿，全市场超4100只个股上涨。 热点板块 商业航天持续拉升 商业航天概念午后持续拉升，超20只成分股涨停，有研粉材午后20cm涨停，润贝航科涨停。 消息面上，据证监会网上办事服务平台披露，近日，蓝箭航天IPO辅导工作正式完成，辅导机构为中金 公司。开源证券表示，2030年中国商业航天发射与制造产值有望达850亿元。 PCB板块午后爆发 算力产业链继续轮动，PCB板块午后爆发，生益科技快速拉升涨停，股价创历史新高，截至发稿报72.6 元/股，最新总市值1764亿元。有研粉材午后"20cm"涨停。 消息面上，最新市场预测显示，英伟达GB300AI服务器机柜明年出货量有望达到5.5万台，同比增长 129%。中信建投证券指出，随着正交背板需求、Cowop工艺升级，未来PCB将更加类似于半导体，价 值量将稳步提升。 半导体芯片产业链再走强 半导体芯片产业链再走强，圣晖集成 ...

每经AI快讯，12月24日，市场震荡拉升，沪指高开高走，深成指、创业板指均涨近1%。沪深两市成交 额1.88万亿元，较上一个交易日缩量196亿元。盘面上，市场热点轮动较快，全市场超4100只个股上 涨。从板块来看，商业航天概念持续爆发，20余只成分股涨停，神剑股份（002361）5连板，国机精工 （002046）4天3板，上海港湾（605598）、九鼎新材（002201）、再升科技（603601）涨停。算力硬件 概念拉升，环旭电子（601231）6天3板，英唐智控（300131）20cm涨停。福建板块走强，安记食品 （603696）7天4板，合兴包装（002228）3连板。PCB概念快速拉升，生益科技（600183）涨停创历史 新高。下跌方面，贵金属、保险、乳业等板块跌幅居前。其中乳业概念集体调整，庄园牧场（002910） 跌停。截至收盘，沪指涨0.53%，深成指涨0.88%，创业板指涨0.77%。 ...

Group 1 - The core viewpoint of the article highlights a significant rise in the A-share market for PCB concepts, with notable stocks like Shengyi Technology nearing their daily limit and reaching historical highs [1] - The news indicates that NVIDIA's GB300 series servers have begun small-scale shipments by the end of this year, with expectations for large-scale production in the first half of next year [1] - Market analysts predict that the total shipment of GB300 cabinets is expected to reach 55,000 units next year, representing a 129% year-on-year growth [1] Group 2 - The next-generation Vera Rubin 200 platform is anticipated to start shipping in the fourth quarter of next year [1]

Core Viewpoint - The A-share market's PCB concept stocks experienced a significant rally, with Shengyi Technology nearing a trading limit and reaching a historical high, alongside gains in other companies such as Nanya New Material, Jingwang Electronics, Huazheng New Material, and Shengyi Electronics [1] Group 1: Market Performance - Shengyi Technology approached the trading limit and achieved a historical high [1] - Other companies in the PCB sector, including Nanya New Material, Jingwang Electronics, Huazheng New Material, and Shengyi Electronics, also saw price increases [1] Group 2: Product Launch and Projections - NVIDIA's GB300 series servers began small-scale shipments by the end of this year, with expectations for large-scale production in the first half of next year [1] - Analysts predict that the total shipment of GB300 cabinets for the next year could reach 55,000 units, representing a 129% year-on-year growth [1] - The next-generation Vera Rubin 200 platform is expected to start shipping in the fourth quarter of next year [1]

Market Overview - The A-share market saw all three major indices close in the green, with the Shanghai Composite Index rising by 0.07%, the Shenzhen Component Index by 0.27%, and the ChiNext Index by 0.41% [1] - The total trading volume in the Shanghai and Shenzhen markets reached 1.8998 trillion yuan, an increase of 37.9 billion yuan compared to the previous day [1] - Despite the index gains, the number of declining stocks (3,856) outnumbered advancing stocks (1,512), with a median decline of 0.80% for individual stocks [1] Technical Analysis - The Shanghai Composite Index faced resistance near the high point of 3,936 on December 8, which is considered a significant pressure level [1] - The current rebound has lasted for six trading days since December 16, which is shorter than the seven trading days observed in the previous rebound from November 14 to 24, indicating that the rebound cycle is not yet exhausted [1] - Historical patterns suggest that even if a short-term correction occurs, it is unlikely to be severe, with the mid-point of the current rebound serving as an important support level [1] Sector Performance - Core stocks in the optical module sector showed weakness today, experiencing a pullback after an initial rise [5] - The AI power sector, including lithium batteries, solid-state batteries, energy storage, and grid equipment, performed strongly, indicating a rotation among sectors [5] - The liquid cooling sector saw significant gains, with several stocks hitting the daily limit or rising over 10%, and the market capitalization of core stocks surpassing 100 billion yuan [11] PCB Industry Insights - The PCB upstream sector, including PCB equipment, fiberglass cloth, copper foil, and resin, showed notable price increases, with companies like Dongcai Technology and Dingtai High-Tech reaching historical highs [11] - The demand for PCBs is expected to grow due to the anticipated mass production of the Rubin architecture, which will enhance the value of PCB units [13] - The PCB industry is experiencing a continuous upward trend in demand, driven by AI-related infrastructure growth and the electrification/intelligentization of vehicles [13] Commercial Aerospace Sector - The commercial aerospace sector faced adjustments due to the unsuccessful recovery of the Long March 12 rocket's first stage, leading to significant declines in multiple stocks [15] - Historical context suggests that a major drop following a substantial rise can signal a sector retreat, as seen in previous instances [16] - Despite the current downturn, upcoming launches of reusable rockets may provide future catalysts for the sector [16] Summary - The market encountered resistance but the rebound cycle remains intact, suggesting a short-term consolidation phase [16] - Investors are advised to avoid chasing high prices and maintain a position of 30-50% in their portfolios, with a focus on core sectors like AI hardware [16]

Core Viewpoint - The A-share market is experiencing a slow upward trend, driven primarily by the technology growth sector, benefiting from advancements in AI technology and the recovery of the new energy industry [1][6] Group 1: Fund Performance - Over 90% of active equity funds achieved positive returns this year, with more than 50 funds doubling their net value [1][2] - The top-performing fund, Yongying Technology Smart Mixed Fund, has a return of 231.72%, leading the second-place fund by nearly 50 percentage points [2][3] - The average return for active equity funds exceeds 20%, with a median return of 9.54% across all funds [2][5] Group 2: Investment Focus - Most high-performing active equity funds are heavily invested in the technology sector, with top holdings in companies like Xinyisheng and Zhongji Xuchuang [3] - The investment outlook for 2026 suggests a continuation of the technology trend, with a more balanced market style expected [6][7] - AI applications are anticipated to be a significant investment theme in 2026, alongside opportunities in cyclical and consumer sectors [6][7] Group 3: Regulatory Changes - New guidelines for fund performance assessment emphasize long-term performance, requiring that at least 80% of performance indicators focus on returns over three years [4][5] - This regulatory shift aims to address the industry's tendency to prioritize scale over returns, promoting a focus on long-term profitability [4]

Group 1 - The article highlights significant announcements in the stock market, including "suspensions and resumption of trading, share buybacks, investment wins, acquisitions, earnings reports, unlocks, and high transfers" to help investors identify potential investment hotspots and mitigate risks [1] - A company is involved in the fields of chip technology, 6G, commercial aerospace, and has products applicable to low-orbit satellite communication substrates and aircraft engines [1] - Another company has signed an agreement with a Chinese rocket company to implement an expansion plan for the Hainan commercial aerospace launch site [1] - A company plans to establish a production capacity of 1.2 million units for humanoid robots and solid-state batteries by 2026 [1]

Group 1 - The core viewpoint emphasizes that after reaching the monthly target of 4018, the market is not expected to accelerate quickly but rather enter a consolidation phase to digest overheating and rebuild order through time and turnover [1] - The monthly strategy focuses on avoiding emotional trading and prioritizing discipline, with the goal of managing overheating rather than seeking continuous upward movement [1] Group 2 - The weekly analysis indicates that different indices are in varying stages of consolidation, with the Shenzhen Composite and ChiNext leading the recovery after completing their respective digestion phases, while the Shanghai Composite is in a typical topping structure [2] - The strategy for the week highlights that effective risk control is based on following structural trends rather than making predictions, allowing for fluctuations as long as key support levels are maintained [2] Group 3 - The daily analysis identifies 3918 as a critical resistance level and 3888 as a significant support level, with the market transitioning from a repair phase to a topping phase after stabilizing above 3888 [3][4] - The analysis suggests that the optimal strategy is to monitor the market's behavior around these key levels rather than chasing breakouts, focusing on maintaining strength above 3888 [4] Group 4 - The hourly analysis describes a typical healthy pullback pattern during the upward trend, confirming support levels while digesting short-term profit-taking [5] - It is noted that during strong market conditions, the focus should be on confirmation points rather than emotional trading [5] Group 5 - The rotation of market hotspots is centered around two main lines of attack, particularly in technology hardware and metals, indicating a clear trend in sector performance [6] - The strategy emphasizes understanding the rhythm of sector rotation and selectively investing in strong directions while being patient with underperforming sectors [6] Group 6 - The operational strategy advises focusing on sector trends before individual stock trends, with specific guidelines for managing positions based on moving averages [6] - The mindset should prioritize discipline and adherence to rules, emphasizing that the essence of a slow bull market is not daily gains but consistent adherence to a repeatable strategy [6]

来源：综合整理 与您一路同行，做您最忠实的拥护者--PCB行业融合新媒体-2025年最有价值的电路板产业服务平台！欢迎您的关注与点赞！祝您事业有成！平安喜乐！ 欣兴加码资本支出逾60亿新台币，联电大股东低价参与增资 为应对大型云端服务提供商（CSP）客户订单持续增长，台湾载板大厂欣兴（3037.TW）于12月16日宣布调整资本支出规划。公司董事会决议将2026年度 资本预算由原先194亿新台币，追加60亿新台币，提升至约254亿新台币（约合56.7亿人民币），增幅达30.93％，规模已高于今年水准。同时，董事会核准 2027年长交期设备预下订单金额约25亿新台币（约合5.6亿人民币）。 图片来源：企业官网 欣兴表示，此次资本支出调整主要为配合营运需求，新建厂房并提升制程能力，资金来源包括自有资金及银行融资。未来资本预算及长交期设备采购执行 进度，将视客户需求及市场状况弹性调整，实际支付金额则依执行进度与付款条件而定。 在产能布局方面，欣兴目前已成为全球四大CSP的载板主要供应商，并已完成AI ASIC与GPU两大客户线的产能布局与认证卡位。现阶段产能几乎被客户 全数锁定，今年第四季度稼动率已升至高档。公司预期 ...