(责任编辑：宋政 HN002) 格隆汇8月29日｜临近午间收盘，工业富联(601138)拉升涨超3%，总市值首次突破1万亿，2023年至今累 计涨幅近600%，在A股中市值(未添加H股市值)排名第七。 【免责声明】本文仅代表作者本人观点，与和讯网无关。和讯网站对文中陈述、观点判断保持中立，不对所包含内容 的准确性、可靠性或完整性提供任何明示或暗示的保证。请读者仅作参考，并请自行承担全部责任。邮箱： news_center@staff.hexun.com ...

| ■ 工业富联 分时 多日 日K 周K 月K 季K 年K 1分 3分 5分 10分 15分 30分 1小时 2小时 3小时 4小时 Tick | | --- | | 日 日 日 の の の の （ こ | MACD金叉信号形成，这些股涨势不错！ 格隆汇8月29日｜工业富联(601138.SH)临近午间收盘拉升涨超3%，总市值首次突破1万亿，2023年至今累计涨幅近600%，在A股中市值(未添加H股市值)排名 第七。 | ■ 工业富联 分时 多日 日K 周K 月K 季K 年K 1分 3分 5分 10分 15分 30分 × 1天:1分K √ 显示 ▽ ② □v [ | | --- | | ミキャンアット,、盛・H・イ・Aa ロ イ の ミ ミ ロ の の | ...

Group 1 - The core viewpoint of the article emphasizes the importance of timely and professional information interpretation in investment decision-making [1] - The company has achieved a 1.3 times growth in its server-oriented business in the first half of the year [1] - The company has successfully mass-produced PCB for optical modules, showcasing its strong capabilities in the robotics-related product sector [1] Group 2 - The company has a stake in an enterprise engaged in GPU chip research and software services, indicating its involvement in advanced technology sectors [1]

Core Viewpoint - Chongqing Guanying Electronics Co., Ltd. has been established with a registered capital of 1 million RMB, focusing on various electronic and internet services, indicating a diversification in the electronics and technology sector [1] Company Overview - The legal representative of the company is Tan Li [1] - The registered capital is 1 million RMB [1] Business Scope - The company is involved in manufacturing wires and cables, internet game services, network culture operations, and telecommunications [1] - It also engages in electronic component manufacturing and sales, software development, information system integration, and various technology services [1] - The company has a broad range of activities including the sale of integrated circuit chips, new materials technology research, and artificial intelligence hardware sales [1]

领益智造今日涨停，全天换手率11.41%，成交额119.88亿元，振幅12.60%。龙虎榜数据显示，机构净卖 出4.55亿元，深股通净买入3.14亿元，营业部席位合计净买入1.23亿元。 深交所公开信息显示，当日该股因日涨幅偏离值达8.45%上榜，机构专用席位净卖出4.55亿元，深股通 净买入3.14亿元。 证券时报·数据宝统计显示，上榜的前五大买卖营业部合计成交24.01亿元，其中，买入成交额为11.92亿 元，卖出成交额为12.09亿元，合计净卖出1759.49万元。 具体来看，今日上榜的营业部中，共有4家机构专用席位现身，即买二、买四、卖二、卖三、卖四、卖 五，合计买入金额3.36亿元，卖出金额7.91亿元，合计净卖出4.55亿元，深股通为第一大买入营业部及 第一大卖出营业部，买入金额为6.60亿元，卖出金额为3.45亿元，合计净买入3.14亿元。 近半年该股累计上榜龙虎榜6次，上榜次日股价平均涨3.78%，上榜后5日平均涨17.09%。 资金流向方面，今日该股主力资金净流入6.31亿元，其中，特大单净流入10.43亿元，大单资金净流出 4.13亿元。近5日主力资金净流出8.94亿元。 买/卖会员营业部 ...

Market Overview - A-shares opened high on August 28, experienced fluctuations, and ultimately closed with significant gains, with the three major indices rising sharply [1][2] - The daily trading volume exceeded 30 trillion yuan for the third time this week, indicating an active trading atmosphere despite a decrease of 1,969 billion yuan from the previous trading day [2][3] Sector Performance - The communication sector surged by 7.14%, with 26 related stocks rising over 5%, including DingTong Technology and TianFu Communication hitting the daily limit [2][3] - The electronics sector also saw a rise of 5.53%, with 99 related stocks increasing over 5%, and several stocks like LongYang Electronics and AiBiSen hitting the daily limit [4][5] Investment Sentiment - Analysts suggest that the market is likely to continue its oscillating pattern, with structural opportunities still present, particularly in technology sectors [1][9] - The recent strong rebound after a sharp decline aligns with the typical behavior of bull markets, where sudden drops can occur [8][9] Future Outlook - The market is expected to maintain a bullish trend in the medium to long term, but short-term volatility may increase if trading volumes do not keep pace [11][12] - Key areas for investment focus include AI hardware, AI applications, robotics, military industry, innovative pharmaceuticals, and large financial sectors [11][12] Technical Analysis - The Shanghai Composite Index found support around the 3,800-point mark, enhancing the potential for a technical rebound [9] - Investors are advised to closely monitor trading volumes and sector rotation patterns to navigate the current market dynamics effectively [10][12]

Group 1 - The political pressure from Trump on the Federal Reserve to lower interest rates has caused significant market volatility, leading to a sharp decline in the US dollar index and a rise in gold and oil prices [1][3][5] - The urgency for Trump to push for lower interest rates is attributed to the high fiscal pressure on the US, with annual interest payments on national debt reaching $1.2 trillion, which is seen as a burden on the national budget [5][9] - The depreciation of the US dollar has led to a strengthening of the Chinese yuan, with the yuan's midpoint reaching an eight-month high, prompting a wave of capital inflow back to China as businesses seek to capitalize on favorable exchange rates [7][11] Group 2 - The global financial landscape is shifting, with countries like China and Japan reducing their holdings of US Treasury bonds, indicating a potential decline in confidence in the US dollar as a safe-haven currency [7][9] - The recent surge in foreign investment in the Chinese stock market, particularly in technology and renewable energy sectors, is driven by the narrowing interest rate differential between China and the US, which has decreased from 280 basis points to 180 basis points [9][11] - The increasing use of the yuan for cross-border settlements, now exceeding 50%, suggests a gradual shift in global financial dynamics, challenging the dominance of the US dollar [11]

Group 1: PCB Business Investment - The company has a total investment plan of $1 billion for Multek, with approximately $200 million already invested in upgrading existing facilities, expected to release new capacity in the first half of next year [2][3] - In Thailand, about $100 million is being invested in hardboard production, with equipment installation and debugging currently underway [2][3] - The investment decision is based on the company's strong position in the global PCB market and the anticipated demand for high-speed interconnect and complex products [4][6] Group 2: LED Business Performance - The LED business experienced a revenue decline in the first half of the year due to overall weak industry demand and reduced investment spending in downstream sectors [3][4] - Despite the revenue drop, gross profit margin improved year-on-year due to reduced depreciation costs and ongoing structural adjustments in the LED business [3][4] - The company plans to focus on cost reduction and efficiency improvements while expanding its customer base in the LED sector [3][4] Group 3: Strategic Acquisitions and Future Directions - The acquisition of Solstice Optoelectronics is part of the company's strategy to expand into the AI-driven optical interconnect field, with progress on the project proceeding smoothly [3][4] - The company aims to leverage its existing PCB capabilities to enhance synergies with the newly acquired business [3][4] Group 4: Technical Capabilities and Market Position - Multek has established a strong customer base of over 300 companies, primarily in North America, covering key sectors such as cloud services and server manufacturing [6][7] - The company possesses comprehensive PCB production capabilities, particularly in high-end hardboard technology, supported by long-term R&D efforts [6][7] - The key technologies for high-speed interconnect boards include signal integrity control and specialized interconnection techniques, with the company having production experience in these areas [7][8] Group 5: Softboard Business Development - The softboard segment remains a core business for the company, although capital expenditures have slowed due to a decrease in consumer electronics growth [8][9] - The company is maintaining a balanced investment strategy in softboards to ensure stable operations while exploring new opportunities in AR glasses and other product lines [8][9]

Core Viewpoint - The article emphasizes the investment potential of Shengyi Technology (生益科技), a leading supplier in the PCB upstream market, particularly benefiting from the AI computing sector's growth, which is driving both volume and price increases in the industry [6][14]. Group 1: Company Overview - Shengyi Technology is the largest supplier of copper-clad laminates (CCL) in mainland China and the largest PCB upstream company in the A-share market, with a significant customer base including major PCB companies [7][8]. - The company has a cyclical performance that reflects the PCB industry's demand, with a projected total revenue of 20.388 billion yuan in 2024, representing a year-on-year growth of 22.9% [8][11]. Group 2: Financial Performance - Shengyi Technology's net profit is expected to grow significantly, with projections of 1.739 billion yuan and 1.426 billion yuan for 2024 and the first half of 2025, respectively, indicating year-on-year growth rates of 49.4% and 53.0% [11][14]. - The self-operated PCB business, managed by its subsidiary Shengyi Electronics, has shown remarkable growth, contributing 90% of the profit increase in the recent performance rebound [15][21]. Group 3: Market Dynamics - The AI server market is a key driver for Shengyi Technology, with the company shifting its strategy to "All in AI" to capture more market share [26]. - The demand for high-performance copper-clad laminates is increasing due to the specific requirements of AI servers, which necessitate higher-grade materials compared to general servers [27][30]. Group 4: Competitive Position - Shengyi Technology holds a strong competitive position in the copper-clad laminate market, with a global market share of 13.7% in 2024, ranking second in sales volume [34]. - The company's ability to maintain a gross margin above 20% sets it apart from competitors, which often struggle with lower margins [37][39].

Core Viewpoint - Bank of America Securities has a positive outlook on Lens Technology (06613), anticipating several new projects in the second half of this year and next year across various sectors including smartphones, smart glasses, automotive, robotics, and AI servers [1] Group 1: Company Outlook - Management is optimistic about the iPhone specification upgrade cycle, expecting it to sustain for several years after a quiet period of four years [1] - The company emphasizes that the current value enhancement is more significant compared to the previous upcycle [1] Group 2: Financial Projections - The firm maintains a "Buy" rating for Lens Technology's H-shares and A-shares (300433.SZ), raising the profit forecast for 2025 to 2027 by 5% to 8% [1] - The target price for H-shares has been increased from HKD 26 to HKD 30, while the target price for A-shares has been raised from RMB 29 to RMB 34 [1] Group 3: New Business Developments - The company plans to start delivering automotive glass in the second half of this year, with mass production expected next year to serve more clients [1] - Tesla certification is currently in progress [1] - In the AI server segment, Lens Technology has secured liquid cooling orders and will ramp up production starting in the second half of this year [1] - The company aims to participate in SSD module production next year and plans to join server assembly work in the following year [1]