截至2025年9月11日 09:48，上证科创板100指数上涨0.22%，成分股源杰科技上涨13.55%，杰华特上涨8.91%，生益电子上涨5.98%，东芯股份上涨4.85%，厦 钨新能上涨4.74%。科创100指数ETF(588030)上涨0.08%，最新价报1.27元。拉长时间看，截至2025年9月10日，科创100指数ETF近1月累计上涨14.00%，涨 幅排名可比基金3/12。 流动性方面，科创100指数ETF盘中换手1.11%，成交6031.86万元。拉长时间看，截至9月10日，科创100指数ETF近1年日均成交4.35亿元，排名可比基金第 一。 【市场焦点】 规模方面，科创100指数ETF近1年规模增长6.49亿元，实现显著增长，新增规模位居可比基金3/12。 科创100指数ETF紧密跟踪上证科创板100指数，上证科创板100指数从上海证券交易所科创板中选取市值中等且流动性较好的100只证券作为样本。上证科创 板100指数与上证科创板50成份指数共同构成上证科创板规模指数系列，反映科创板市场不同市值规模上市公司证券的整体表现。 1、9月10日晚间，美国劳工统计局发布的报告显示，美国8月生产者价格指 ...

Core Viewpoint - The AI computing sector is experiencing significant growth, driven by strong performance in related stocks and ETFs, particularly in the context of rising global AI investment enthusiasm following Oracle's impressive financial results [1][2][3]. Group 1: Stock Performance - High-performance computing stocks, particularly in the AI sector, saw substantial gains, with Zhongji Xuchuang rising over 6%, Xinyi Sheng increasing over 5%, and Tianfu Communication up over 2% [1]. - The Huabao ChiNext AI ETF (159363) surged nearly 3% at the opening, leading the market with a trading volume exceeding 300 million yuan, indicating a notable increase in market activity [1][2]. Group 2: Market Sentiment and Investment Trends - Oracle's recent earnings call revealed a remarkable increase in remaining performance obligations (RPO) to $455 billion, a year-on-year surge of 359%, which has fueled market enthusiasm for AI-driven growth [1][3]. - Analysts from Guojin Securities and Guosheng Securities express a positive outlook on the computing sector, emphasizing the synergy of "computing power + models + applications" and the ongoing capital expenditure increases from both domestic and international cloud service providers [3]. Group 3: Investment Recommendations - The report suggests focusing on the AI computing opportunities centered around optical modules, recommending the first ChiNext AI ETF (159363) and related funds, which have over 70% of their portfolio in computing power and over 20% in AI applications [3].

Market Overview - The three major A-share indices opened mixed, with the Shanghai Composite Index down 0.16% and the ChiNext Index up 0.46%. Sectors such as CPO, communication services, and computing power showed strong gains [1] Institutional Insights - According to Founder Securities, since September last year, the overall liquidity in the A-share market has been continuously improving, with trading volumes significantly increasing and financing scales reaching historical highs. Multiple positive factors indicate that the long-term trend of the Chinese capital market remains favorable: 1) The medium to long-term economic outlook is positive; 2) A-shares are undervalued, offering attractive returns; 3) The quality of listed companies is steadily improving; 4) Increasing dividends and buybacks enhance investor returns; 5) Patient capital continues to flow into the market, supporting healthy development [2] - Xing Shi Investment believes that the market is still in the first phase of a bull market, with a healthy upward trend in the medium term. On one hand, liquidity-driven momentum has not ended, with market transactions maintaining above 2 trillion, indicating strong trading activity. On the other hand, macroeconomic factors are improving, supported by ongoing policy efforts and the transition of old and new growth drivers, alongside reduced tariff concerns and potential interest rate cuts by the Federal Reserve, which may further open up domestic policy space [2] Market Analysis - Dongfang Securities notes that fluctuations and adjustments below the 3900-point mark of the Shanghai Composite Index do not signify the end of the current bull market but rather serve to build momentum for the next phase of growth, with potential for new highs within the year. Key sectors for investment include solid-state batteries and robotics, which are showing positive performance, while buying opportunities in technology stocks after recent pullbacks should be seized [3] - Everbright Securities observes that profit-taking has continued in the A-share market, with some high-priced stocks leading declines, affecting the overall market. However, the outlook remains optimistic as the Shanghai Composite Index stays above the 20-day moving average, suggesting that the index may continue to oscillate upward, with a high likelihood of ongoing rotation in market hotspots [3]

9月10日，A股市场调整数日的科技板块，终于又回来了！ 算力板块成为领头羊。工业富联涨停，最新市值为1.07万亿元。"易中天"全面反弹，新易盛、中际旭创 大涨超6%。胜宏科技涨超12%，盘中股价创历史新高。 最令人关注的是"寒王"寒武纪。8日晚间，寒武纪公告称，公司定增方案获得证监会批复，有效期为12 个月。公司将按照相关法律法规和批复文件的要求，在规定期限内办理此次向特定对象发行股票的相关 事项，并及时履行信息披露义务。 该消息成为今日科技板块重拾升势的一大催化剂。寒武纪8月28日见顶在1595.88元，之后自8月29日以 来开始调整，区间跌幅已超过18%。其下跌的重要原因为交易所对科创50指数权重调整，寒武纪在科创 50的权重将由15%下降至10%，该调整将于9月12日收市后生效。 此次调整造成了众多科创50指数基金对寒武纪被动减仓，也引发了前期交易过度拥挤的科技板块跟随调 整。如今9月12日将近，基金调仓大概率已接近尾声，叠加寒武纪定增获批利好，资金对科技板块又重 拾信心。截至收盘，寒武纪涨3.66%，重回20日均线之上。 科技又回来了。近期伴随板块调整，关于A股市场主线是否转换的争论，科技股已用实际行 ...

Group 1 - Dongyangguang announced a capital increase of 35 billion and 40 billion yuan for Dongshu Yihua, resulting in ownership stakes of 46.6654% and 53.3332% respectively after the increase [1] - Dongshu Yihua plans to invest the raised funds into its wholly-owned subsidiary, Shanghai Dongchuang Future Data Co., which will further invest in Dongshu Sanhao for the acquisition of 100% equity of Qinhuai Data China for 28 billion yuan [1] - After the completion of these transactions, Dongyangguang will become a shareholder of Dongshu Yihua, indirectly holding a portion of Qinhuai Data China's equity [1] Group 2 - Qinhuai Data is recognized as a leading player in the computing power sector, ranking first in three major indices: intensive development, international layout, and green low-carbon [5] - As of May 2023, Qinhuai Data's total assets were 21.871 billion yuan, with net assets of 9.504 billion yuan, and projected revenue of 6.048 billion yuan and net profit of 1.309 billion yuan for 2024 [6][7] - The acquisition of Qinhuai Data's assets is seen as a strategic move for Dongyangguang to quickly enter the data center field, enhancing its long-term competitiveness and investment value [7] Group 3 - The acquisition is part of a broader strategy to align with the national "East Data West Calculation" initiative, aiming to build a unified national computing power network [7] - Dongyangguang's technological capabilities in liquid cooling materials and supercapacitors provide a unique advantage in delivering core solutions for high-density AI computing scenarios [6] - The competitive bidding for Qinhuai Data's assets reflects strong market recognition of its value and the prospects of the national computing power strategy [5]

Core Viewpoint - The article discusses a significant transaction in the computing power industry involving Dongyangguang and its investment in Dongshu Yihua, which will lead to the acquisition of Qinhuai Data China, a major player in the data center sector [2][3][11]. Group 1: Transaction Details - On September 10, Dongyangguang announced an investment of 35 billion and 40 billion yuan into Dongshu Yihua, resulting in ownership stakes of 46.6654% and 53.3332% respectively [2]. - The investment will be funneled into Dongshu Yihua's subsidiary, Dongchuang Future Data, which will use the funds to acquire 100% of Qinhuai Data China for 280 billion yuan [2][3]. - Following the completion of this transaction, Dongyangguang will become a shareholder in Dongshu Yihua, indirectly holding a stake in Qinhuai Data China [3]. Group 2: Qinhuai Data's Market Position - Qinhuai Data is recognized as a leading player in the computing power sector, consistently ranking among the top ten service providers in China according to the China Academy of Information and Communications Technology [7]. - The company has established itself as one of the largest third-party IDC operators in the "East Data West Computing" project and has expanded its presence internationally, including in Malaysia and India [8]. - Qinhuai Data serves as a primary data center service provider for ByteDance and went public on NASDAQ in October 2020, becoming the third domestic IDC supplier to list in the U.S. [8]. Group 3: Financial Overview - As of May 2023, Qinhuai Data reported total assets of 21.871 billion yuan and net assets of 9.504 billion yuan, with projected revenues of 6.048 billion yuan and net profits of 1.309 billion yuan for the fiscal year 2024 [10]. - In the first five months of 2023, the company achieved revenues of 2.607 billion yuan and net profits of 745 million yuan [10]. - The total equity of Qinhuai Data China is valued at approximately 29.093 billion yuan, with the acquisition price set at 28 billion yuan [10]. Group 4: Strategic Implications - The transaction aligns with Dongyangguang's strategic goals, allowing for rapid entry into the data center sector and fostering a collaborative ecosystem with Qinhuai Data [11]. - The integration of resources is expected to enhance both companies' capabilities in the data center field, particularly in providing AI-driven solutions and leveraging clean energy resources [10][12]. - The chairman of Shenzhen Dongyangguang emphasized that this acquisition is a crucial step in supporting the national "East Data West Computing" strategy and aims to establish a large-scale green intelligent computing center [12].

Market Overview - A-shares exhibited a mixed pattern due to multiple factors, with the total trading volume in the Shanghai and Shenzhen markets falling below 2 trillion yuan for the first time, reaching 1.98 trillion yuan, a decrease of 1.2 trillion yuan from the peak at the end of August [1][2] - The shrinking trading volume raised concerns about liquidity support, although some technology sectors strengthened due to positive overseas stimuli, with the ChiNext Index leading major indices with a 1.27% increase [1][2] Financing and Leverage - The financing balance of the two markets surpassed 2.3 trillion yuan, setting a new historical high, contrasting sharply with the shrinking market volume [3] - The combination of "high leverage + low volume" raised concerns about potential forced liquidations if market support weakens, which could trigger a chain reaction [3] AI Sector Developments - Significant breakthroughs in the artificial intelligence sector were highlighted, particularly with NVIDIA launching a specialized GPU, Rubin CPX, claiming to double AI inference efficiency, especially for programming and video generation applications [4] - The deployment of this chip is projected to generate $5 billion in revenue for clients from an investment of $1 million, leading to a surge in the A-share computing power sector, with major companies like Industrial Fulian hitting the daily limit [4] Corporate Earnings and Market Reactions - Oracle's CEO raised the revenue forecast for its cloud infrastructure business from 70% to 77% for the current fiscal year, reaching $18 billion, with aggressive growth targets for the next four years [4] - This news caused Oracle's stock to soar by 26% in after-hours trading, positively impacting tech stocks like NVIDIA and Broadcom, and subsequently influencing the A-share computing power sector [4] Economic Indicators - The National Bureau of Statistics reported that the CPI for August fell by 0.4% year-on-year, which was weaker than expected, while the PPI decline of 2.9% met expectations [6] - The market showed structural characteristics, with the Shanghai Composite Index slightly up by 0.13% and the ChiNext Index up by 1.27%, while technology-related sectors led the gains [6][7] Sector Performance - Technology-related sectors such as communication, electronics, and media outperformed, while cyclical sectors like power equipment and basic chemicals faced adjustments [6][7] - The AI-related sectors, including NVIDIA concepts, saw significant gains, while other sectors like coal and basic chemicals experienced declines [7]

龙虎榜机构热股 今天机构龙虎榜上榜26只个股，净买入11只，净卖出15只。当日机构买入最多的个股前三位是：晓程科技（3.53亿亿）、天际股份（1.59亿）、浙江荣泰 （1.17亿）。 | 上榜热股 | 实时涨跌幅♀ 买/卖家数↕ | | | --- | --- | --- | | 晓程科技 300139.SZ | +0.22% | 5/0 | | 天际股份 002759.SZ | +4.34% | 3/0 | | 浙江荣泰 | | | | 603119.SS | +6.47% | 2/0 | 浙江荣泰 龙虎榜显示，今日2家机构净买入1.17亿 2025年7月，公司收购了广州金力智能传动技术股份有限公司 15%的股权，有助于公司快速进入精密传动、智能装备和人形机器人等新兴领域。2025 年 5 月，公司成立了全资子公司浙江荣泰智能机器人有限公司，为公司业务发展拓展新的载体和平台。 龙虎榜知名游资 一、算力 淳中科技 个股龙虎榜 公司与英伟达合作，对接的产品包括液冷测试平台、基于AI的检测平台、各种测试板卡等 嘉元科技 个股龙虎榜 嘉元投资5亿元持有恩达通13.59%股权，恩达通主业为光模块，系甲骨文核心供应商， ...

1、行情 非常弱鸡的一个反弹。 题材方面，AI产业链迎来局部反弹，数据中心、算力、CPO、PCB等均有反弹，但均是局部反弹，个股不再赘述； eSIM概念局部走强，新恒汇涨超14%，澄天伟业、思特奇、东信和平、广和通等走强；中国联通盘中一度大涨超8%，最终收涨5.3%； 此外，游戏、体育、影视、旅游、油服等均有局部异动表现，锂电池、PEEK材料、周期股等跌幅居前。 截至收盘，沪指、深成指、创业板指分别收涨0.13%、0.38%、1.27%，市场整体涨跌互半。 今日两市累计成交量跌破2万亿，不是什么好的信号的。 在这种情况下，盘面表现的也很明显，整体就是弱鸡，而且这周一天比一天弱。 今天好像看起来哪哪都在涨，但仔细一看哪哪都涨不太动。 个股对消息的反应就是微微一动，板块个股间的联动也弱化了不少，你管你涨我管我盘整…… 2、算力 调整了多日的算力板块，今日迎来了反弹催化。 先是"寒王"昨日公告定增获批，这个进度是稍微超预期了一点，市场普遍认为这是体现了对科技股的呵护。 另外，更重要的是昨晚美股甲骨文盘后公布第一财季业绩，虽然营收相关数据不及预期，但AI业务却及其亮眼。 该公司与OpenAI签下的一笔巨额交易让订单额 ...

Market Overview - The trading volume in the Shanghai and Shenzhen markets fell to 1.98 trillion yuan, marking the first time it dropped below 2 trillion yuan since late August, indicating a significant reduction in liquidity [1] - The current trading volume is 1.2 trillion yuan lower than the peak of 3.2 trillion yuan observed in late August, suggesting that some capital has exited the market [1] Market Sentiment - Concerns are rising about the potential for a "multi-kill" scenario due to the combination of shrinking trading volume and increasing financing balance, which has surpassed 2.3 trillion yuan [3] - The market sentiment is influenced by external factors, such as Oracle's positive guidance, which has helped to boost interest in the A-share market [3] AI and Technology Sector - Nvidia announced a new GPU designed for long-context workloads, which is expected to double the efficiency of AI inference operations, potentially generating $5 billion in revenue for clients [5] - Oracle's cloud infrastructure business is projected to grow by 77% this fiscal year, exceeding previous forecasts, which has positively impacted the A-share market, particularly in the computing sector [5] Stock Performance - The A-share computing sector saw significant gains, with major companies like Industrial Fulian hitting the daily limit, and others like Zhongji Xuchuang and Xinyi Sheng rising over 9% [5] - The overall market performance showed the Shanghai Composite Index rising by 0.13% and the ChiNext Index increasing by 1.27%, with sectors such as telecommunications, electronics, and media leading the gains [9] Economic Indicators - China's CPI for August showed a year-on-year decline of 0.4%, which was worse than market expectations, while the PPI also reported a year-on-year decrease of 2.9%, aligning with forecasts [7][8]