市场全天窄幅震荡 ， 三大指数涨跌不一 。 截至收盘 ， 沪指涨0.01% ， 深成指跌0.11% ， 创业板指涨0.26% 。 沪深两市全天成交额1.27万 亿 ， 较上个交易日放量163亿。 新消费再度大涨 ， 美容护理 、 IP经济领涨， 创新药维持强势。 01 泡泡玛特再创历史新高 奥雅股份三分钟拉涨停 Labubu 一娃难求，其最新系列产品更是在欧美市场溢价超 7 倍。 早盘泡泡玛特一度涨近5%，截至发稿涨1%，最新市值3663亿港元。自2024年2月低点涨超16倍。 15 5 82.6 成交额 58.05亿 MA5:39.68亿 10:34.96亿 65.61亿 MACD (12,26.9) DIF:20.37 DEA:17.64 MACD:5. 20.37 . . 2025-04 2025-05 2025-06 A 股市场 IP 经济概念股也持续走强，其中，奥雅股份开盘三分钟直线拉涨停 理 用 能分 300949 交易中06-12 14:48:36 北京 1.02万人加自选 52.80 +8.80 +20.00% | 高 52.80 | 开 46.03 | 量 58731手 | 总市值 31.9 ...

【导读】新股N海阳盘中涨超500% 中国基金报记者晨曦 大家好！来一起关注上午的市场行情和最新资讯~ 6月12日，A股市场早间走低，盘中震荡拉升。截至午间收盘，上证指数涨0.07%，深证成指涨0.05%，创业板指涨0.5%。 | A服 港股 美股 | 全球 | 商品三 喜美 | | --- | --- | --- | | 内地股票 | | | | 行情 | 资金净流入 | 涨跌分布 | | 上证指数 | 深证成指 | 北证50 | | 3404.66 | 10250.68 | 1422.51 | | +2.34 +0.07% +4.66 +0.05% -5.40 -0.38% | | | | 科创50 | 创业板指 | 万得全A | | 979.74 | 2072.16 | 5203.09 | | -1.20 -0.12% +10.30 +0.50% +9.86 +0.19% | | | | 沪深300 | 中证500 | 中证A500 | | 3895.98 | 5801.97 | 4571.17 | | +1.35 +0.03% +9.03 +0.16% | | +3.67 +0.08% | | 中证10 ...

Group 1: Market Trends - The popularity of "WAKUKU" and "LABUBU" has surged, with Quantum Song's stock rising over 30% and Pop Mart reaching a historical high [1] - The cultural media sector is experiencing a strong rally, driven by the enthusiasm for the "grain economy" sector, with stocks like Aoya Co. and Deyi Culture hitting the 20% limit up [1][10] - The AI sector is rebounding, particularly in the computing power supply chain, with stocks like Zhongji Xuchuang rising by 8.73% and achieving a market cap of 1305 billion [4][6] Group 2: Cultural Media Sector - The cultural media sector is showing strong performance, with sub-sectors like film and television, short dramas, and the grain economy leading the gains [10] - Recent policy releases, such as the "Beijing Fashion Consumption Expansion Action Plan," are expected to stimulate the market by encouraging collaborations between traditional brands and well-known IPs [13] - The ongoing popularity of the show "The Lychee of Chang'an" is attracting attention to related concept stocks, indicating a potential investment opportunity in the cultural media sector [14]

Group 1 - The core viewpoint of the news is that Xi Tai Investment has conducted research on Tianfu Communication, focusing on its product development and production capacity adjustments [1] - Tianfu Communication's 1.6T optical engine product is experiencing steady delivery and increasing output, with the company planning to dynamically adjust production capacity based on customer demand [1] - The gross margin of the 6T optical engine is influenced by various factors, particularly during the initial mass production phase, where the company aims to control production costs [1] Group 2 - The company has made progress on CPO-related supporting products, but these are not expected to significantly contribute to revenue in the short term [1] - The production base in Thailand is being developed in two phases, with the first phase expected to be operational by mid-2024 and the second phase nearing completion of equipment debugging and sample validation [1] - Active products are projected to account for over 50% of the company's revenue in 2024, and the company is committed to developing more customers [1]

证券代码：300308 证券简称：中际旭创 中际旭创股份有限公司 投资者关系活动记录表 | 投资者关 | ☑特定对象调研 □分析师会议 □媒体采访 □业绩说 | | --- | --- | | 系活动类 | 明会 □新闻发布会 □路演活动 | | 别 | □现场参观□其他 （电话会议） | | 参与单位 | 易方达基金、广发基金、泰康资产、华宝基金、博时基金、永赢基金、 | | | 东方阿尔法基金、财通资管、财通基金、中邮基金、申万菱信基金、新 | | 名称 | 华基金、长江资管、盘京投资、东吴基金、长盛基金、诺德基金、国泰 | | | 海通证券、国信证券、长江证券 | | 时间 | 2025 年 6 月 日（星期三）15:00—16:30 | | 地点 | 公司会议室 | | 上市公司接 | 公司副总裁、董事会秘书王军先生 | | 待人员姓名 | | | | 基础设施建设和 | | | 将有较大 | | 投资者关系 | 幅度增长。此外，还有部分客户也给出了 1.6T 光模块的部署计划和需 | | 活动主要 内容介绍 | 求指引，预计 需求也将在 年出现快速增长。 1.6T 2026 | | | Q2：传统数 ...

投资者关系活动记录表 编号：2025-004 证券代码：300394 证券简称：天孚通信 | 投资者关系活动 | □特定对象调研 | □分析师会议 | | --- | --- | --- | | 类别 | □ 媒体采访 | □业绩说明会 | | | □ 新闻发布会 | □路演活动 | | | □ 现场参观 | | | | 其他（线上通讯会） | | | 参与单位名称 | Blackrock、Point 72、白犀基金、百年保险、宝盈基金、贝莱德基金、 | | | （排名不分先 | 博道基金、博时基金、财通基金、财通资管、常春藤资产、晨曦投资、 | | | 后） | 诚熠投资、冲积资产、大成基金、大家资产、德邦基金、东方阿尔法基 | | | | 金、东方红、东吴基金、方正自营、复胜资产、赋格投资、富国基金、 | | | | 高毅、歌斐资产、光大保德信基金、光大永明资产、广发基金、国联基 | | | | 金、国寿养老、国泰基金、国投瑞银、海富通基金管理有限公司、海通 | | | | 资管、禾其投资、宏利基金、华安基金、华宝基金、华泰柏瑞、华泰保 | | | | 兴、华泰资产、华夏基金、汇丰晋信、汇添富、混沌投资 ...

分析师：张刚 登记编码：S0730511010001 zhanggang@ccnew.com 021-50586990 晨会聚焦 资料来源：Wind,中原证券 -14% -8% -3% 2% 8% 13% 19% 24% 2024.06 2024.10 2025.02 2025.06 上证指数 深证成指 | 国内市场表现 | | | | | --- | --- | --- | --- | | 指数名称 | | 昨日收盘价 | 涨跌幅(%) | | 上证指数 | | 3,384.82 | -0.44 | | 深证成指 | | 10,162.18 | -0.86 | | 创业板指 | | 2,022.77 | -0.47 | | 沪深 | 300 | 3,865.47 | -0.51 | | 上证 | 50 | 2,443.97 | -0.52 | | 科创 | 50 | 891.46 | 0.14 | | 创业板 | 50 | 1,924.26 | -0.67 | | 中证 | 100 | 3,678.67 | -0.58 | | 中证 | 500 | 5,757.99 | -0.82 | | 中证 | 100 ...

通信 分析师：李璐毅 登记编码：S0730524120001 lily2@ccnew.com 021-50586278 电信运营商收入增速回升，海外算力复苏 ——通信行业月报 证券研究报告-行业月报 强于大市(维持) 通信相对沪深 300 指数表现 《通信行业月报：AI 带动数据中心发展，OFC 2025 指明光通信行业技术走向》2025-04-10 《通信行业专题研究：算力基建带动光芯片需 求持续增长，河南省"追光逐芯"助力国产芯 片突围》 2025-03-28 联系人：李智 投资要点： 本报告版权属于中原证券股份有限公司 www.ccnew.com 请阅读最后一页各项声明 第1页 / 共31页 发布日期：2025 年 06 月 10 日 -11% -3% 5% 13% 21% 29% 37% 45% 2024.06 2024.10 2025.02 2025.06 通信 沪深300 资料来源：中原证券研究所，聚源 电话： 0371-65585629 地址： 郑州郑东新区商务外环路10号18 楼 地址： 上海浦东新区世纪大道1788 号T1 座22 楼 相关报告 《通信行业月报：北美云厂商加大 AI 资本开 ...

Core Insights - Suzhou's manufacturing industry contributes over 40% to its GDP, with 160,000 industrial enterprises across various sectors, highlighting its critical role in the global supply chain [1] - Companies in Suzhou are focusing on key technological breakthroughs, software ecosystem collaboration, and deep applications of intelligence to enhance the resilience of industrial supply chains [1][2] Group 1: Technological Advancements - Huichuan Technology emphasizes the importance of independent research and development, achieving a 97% self-sufficiency rate in key components [2] - Hengtong Group has developed a complete optical communication industry chain, having created China's first optical fiber preform, previously dominated by foreign entities [2][3] - Hengtong is expanding into new areas such as marine information technology and smart sensing, contributing to global information connectivity [3] Group 2: Software Development - Huichuan Technology launched China's first integrated industrial automation software platform (iFA) in February 2023, aiming to compete with international industrial giants [4] - Companies like Tongyuan Soft Control and Haocen Software are advancing industrial software capabilities, focusing on multi-terminal applications and cloud services to support digital transformation [5][6] Group 3: Smart Manufacturing - Smart transformation is essential for high-quality development in manufacturing, as demonstrated by SANY Heavy Industry's intelligent factory achieving over 81% automation in various processes [7] - Hengtong Fiber has implemented smart manufacturing practices, resulting in a 66% efficiency increase and significant reductions in manufacturing costs and defect rates [7] Group 4: Industrial Strategy - Suzhou's industrial strategy includes the parallel development of traditional, emerging, and future industries, leveraging its strong industrial foundation to foster growth in sectors like electronic information and biomedicine [8] - The goal is to build a modern industrial system with world-class competitiveness, positioning Suzhou as a leading "smart manufacturing city" [8]

Summary of Yongding Co., Ltd. Conference Call Company Overview - **Company**: Yongding Co., Ltd. - **Date**: June 10, 2025 Industry Focus - **Key Industries**: Superconducting wire materials, optical chips, traditional optical products, and overseas power engineering projects Core Insights and Arguments 1. **Expansion in Superconducting Wire Materials**: Yongding is actively expanding its superconducting wire materials business, establishing partnerships with various enterprises and research institutions. The market demand is rapidly increasing, particularly in the controlled nuclear fusion sector, with plans to expand production capacity to 20,000 kilometers to meet this demand [2][7][13] 2. **Optical Chip Factory Completion**: The optical chip factory was completed in June 2023, and the company has established connections with leading domestic manufacturers. Sales are expected to see breakthroughs in the second half of this year and next year [4][2] 3. **Stable Traditional Business**: The traditional business segments, including optical rods, fibers, and cables, are maintaining stability. Overseas projects, such as the Bangladesh power grid renovation project valued at $1.14 billion, are expected to contribute to sales [6][2] 4. **Broad Market Prospects for Superconducting Materials**: The superconducting wire market has vast potential, with applications in controlled nuclear fusion, maglev transportation, MRI medical technology, and military sectors. However, domestic production capacity is currently insufficient [7][2] 5. **High Technical Barriers**: The technical barriers in superconducting materials are significant, primarily due to R&D investment and intellectual property accumulation. Yongding has invested heavily and developed core processes, making it one of the few manufacturers capable of large-scale production globally [10][2] 6. **Future Development Strategy**: The company plans to accelerate capacity expansion to meet growing market demand while continuing to push for technological advancements. The focus will be on developing optical chips and superconducting wire materials [8][9][2] Additional Important Points 1. **Market Demand Growth**: The demand for superconducting wire materials in the controlled nuclear fusion field has significantly increased, with requirements growing from several kilometers to potentially hundreds of kilometers in the coming years [3][2] 2. **Challenges in Material Development**: The compact design of devices poses challenges for internal materials, and while the issue of quenching has not been fully resolved, existing superconducting materials meet current design requirements [12][2] 3. **Production Capacity and Profitability**: Yongding aims to achieve a production capacity of 5,000 kilometers by the end of 2025, with current capacity exceeding 2,000 kilometers. The company plans to rapidly expand to 18,000 to 20,000 kilometers by 2026 [13][2] 4. **Diverse Applications Beyond Fusion**: The company is also making significant progress in various superconducting applications, including magnetic levitation technology and military applications, while also planning to promote superconducting cables and power applications [14][2] 5. **Strategic Layout in Optical and Electrical Fields**: Yongding's strategic layout focuses on enhancing its supply chain in both optical and electrical fields, with an integrated solution in the optical sector and increased investment in electric vehicle wiring and superconducting power [15][2]