分行业看，今日换手率超20%的个股中，所属电力设备行业个股最多，有15只个股上榜；机械设备、电 子等紧随其后，分别有4只、3只个股上榜。 创业板指今日上涨6.55%，报收2958.18点，创业板全日成交额6760.85亿元，比上个交易日减少402.32亿 元。今日可交易创业板股中，1337只股收盘上涨，涨幅超过10%的有42只，其中，金银河、天华新能、 先导智能等10股涨停，涨幅在5%至10%之间的有167只，收盘下跌的有44只，跌幅超10%的有2只，中环 海陆等1股收盘跌停。 证券时报·数据宝统计显示，换手率方面，创业板今日平均换手率为4.64%，换手率区间分布显示，换手 率超过20%的有35只，换手率10%~20%之间的有131只，换手率5%~10%的有324只，换手率1%~5%的有 863只，换手率不足1%的有32只。 换手率最高的是首航新能，该股今日收盘上涨8.23%，全天换手率45.95%，成交额6.83亿元；其次是豪 恩汽电，该股今日收盘上涨16.86%，全天换手率44.33%，成交额14.42亿元；换手率居前的还有正业科 技、苏大维格、金陵体育等，换手率分别为39.78%、38.44%、38.0 ...

Investment Rating - The report maintains a "Buy" rating for the company, indicating an expected relative increase in stock price of over 20% compared to the benchmark index within the next six months [6][11]. Core Views - The company's performance in the first half of 2025 was below expectations, with revenue of 730 million yuan, a year-on-year increase of 0.4%, and a net profit attributable to shareholders of 110 million yuan, a year-on-year decrease of 13.1% [4]. - The decline in profit is attributed to delays in product delivery cycles, while increased R&D expenses have impacted profitability [4]. - The investment climate for the power grid sector is improving, with a 12.5% year-on-year increase in completed investments in power grid projects from January to July 2025 [5]. - The company continues to secure orders and expand its product offerings, including successful bids for its 550kV GIS in national grid procurement [5]. Summary by Sections Company Overview - The latest closing price is 7.22 yuan, with a total market capitalization of 4.5 billion yuan and a circulating market capitalization of 3.7 billion yuan [3]. Financial Performance - In the first half of 2025, the company's gross margin was 37.2%, and net margin was 14.4%, with a rise in sales expense ratio to 6.4% and an increase in R&D expense ratio to 8.4% [4]. - The company forecasts revenues of 2.09 billion yuan, 2.50 billion yuan, and 3.00 billion yuan for 2025, 2026, and 2027 respectively, with net profits of 360 million yuan, 460 million yuan, and 560 million yuan for the same years [6][9]. Market Outlook - The report highlights the ongoing development of new products, including 750kV GIS and energy-efficient transformers, which are expected to contribute positively to future revenue growth [5][6].

9月5日，沪指上涨1.24%，深成指上涨3.89%，创业板指上涨6.55%，沪深300指数上涨2.18%。可交易A 股中，上涨的有4856只，占比89.66%，下跌的473只。 | 行业 | 日涨跌幅（%） | 资金流向（亿元） | 行业 | 日涨跌幅（%） | 资金流向（亿元） | | --- | --- | --- | --- | --- | --- | | 电力设备 | 7.19 | 210.17 | 建筑装饰 | 1.17 | 1.85 | | 电子 | 4.35 | 107.78 | 交通运输 | 0.57 | 0.71 | | 有色金属 | 4.39 | 56.34 | 综合 | 3.95 | 0.13 | | 机械设备 | 3.07 | 32.36 | 房地产 | 0.91 | 0.04 | | 基础化工 | 2.79 | 29.26 | 纺织服饰 | 1.12 | -0.02 | | 通信 | 5.49 | 12.49 | 石油石化 | 0.39 | -0.43 | | 公用事业 | 1.08 | 8.08 | 美容护理 | 1.35 | -0.84 | | 传媒 | 2.51 | 7.85 ...

Market Performance - The Sci-Tech Innovation Board (STAR Market) index rose by 3.39%, closing at 1268.55 points, with a total trading volume of 5.46 billion shares and a turnover of 237.80 billion yuan, resulting in an average turnover rate of 2.93% [1] - Among the tradable stocks on the STAR Market, 562 stocks closed higher, with 33 stocks experiencing a rise of over 10%, including Yuchen Intelligent, Liyuanheng, and Tianyue Advanced, which hit the daily limit [1] - The turnover rate distribution shows that 1 stock had a turnover rate exceeding 20%, 21 stocks had a turnover rate between 10% and 20%, and 99 stocks had a turnover rate between 5% and 10% [1] High Turnover Stocks - The stock with the highest turnover rate was Xinyuren, which closed up by 14.88% with a turnover rate of 35.23% and a transaction amount of 598 million yuan [3] - Other notable stocks included Aerospace Hongtu, which rose by 15.17% with a turnover rate of 19.74%, and Haibosi Chuang, which had a turnover rate of 18.77% [3] Sector Analysis - In terms of sector performance, the electronics sector had the most stocks with a turnover rate exceeding 5%, totaling 37 stocks, followed by the power equipment and machinery sectors with 33 and 13 stocks, respectively [2] - Among the high turnover stocks, 68 experienced net inflows from main funds, with Tianyue Advanced, Jiahua Te, and Liyuanheng seeing the highest net inflows of 218 million yuan, 180 million yuan, and 148 million yuan, respectively [2] Leverage Fund Movements - A total of 77 stocks received net purchases from leveraged funds, with notable increases in financing balances for Baijishenzhou, Huahong Company, and Hangke Technology, which saw increases of 808 million yuan, 388 million yuan, and 147 million yuan, respectively [2]

Market Overview - The A-share market showed a positive trend today, with major indices mostly rising. The Shanghai Composite Index increased by 1.24% to close at 3812.51 points, while the Shenzhen Component Index rose by 3.89% to 12590.56 points. The ChiNext Index saw a significant increase of 6.55%, closing at 2958.18 points. Overall, 4855 stocks rose, 473 fell, and 97 remained unchanged across the market [1]. Industry Performance - Among the Shenwan first-level industries, all sectors except for banking experienced gains today. The leading sectors included power equipment, telecommunications, non-ferrous metals, electronics, comprehensive, and machinery equipment [1]. Sector Highlights - The top-performing concept sectors today were related to energy storage and lithium batteries, including categories such as power batteries, lithium battery anodes, lithium battery electrolytes, solid-state batteries, sodium-ion batteries, lithium iron phosphate batteries, lithium mining, and photovoltaic inverters. Notably, the Ningde Times supply chain and related sectors also performed well [1].

沪指9月5日上涨1.24%，申万所属行业中，今日上涨的有30个，涨幅居前的行业为电力设备、通信，涨 幅分别为7.19%、5.49%。电力设备行业位居今日涨幅榜首位。跌幅居前的行业为银行，跌幅分别为 0.99%。 资金面上看，两市主力资金全天净流入445.30亿元，今日有20个行业主力资金净流入，电力设备行业主 力资金净流入规模居首，该行业今日上涨7.19%，全天净流入资金210.17亿元，其次是电子行业，日涨 幅为4.35%，净流入资金为107.78亿元。 主力资金净流出的行业有11个，商贸零售行业主力资金净流出规模居首，全天净流出资金15.95亿元， 其次是银行行业，净流出资金为15.53亿元，净流出资金较多的还有非银金融、食品饮料、社会服务等 行业。 电力设备行业今日上涨7.19%，全天主力资金净流入210.17亿元，该行业所属的个股共362只，今日上涨 的有359只，涨停的有30只；下跌的有3只，跌停的有1只。以资金流向数据进行统计，该行业资金净流 入的个股有249只，其中，净流入资金超亿元的有53只，净流入资金居首的是先导智能，今日净流入资 金19.68亿元，紧随其后的是宁德时代、卧龙电驱，净流入资金 ...

Market Overview - The Shanghai Composite Index rose by 1.24% on September 5, with 30 industries experiencing gains, led by the power equipment and communication sectors, which increased by 7.19% and 5.49% respectively [1] - The non-ferrous metals industry ranked third in terms of gains for the day, with a rise of 4.39% [2] - The banking sector was the worst performer, declining by 0.99% [1] Capital Flow Analysis - The net inflow of capital in the two markets reached 44.53 billion yuan, with 20 industries seeing net inflows [1] - The power equipment industry had the highest net inflow, totaling 21.02 billion yuan, followed by the electronics sector with a net inflow of 10.78 billion yuan [1] - The retail trade sector experienced the largest net outflow, amounting to 1.595 billion yuan, closely followed by the banking sector with a net outflow of 1.553 billion yuan [1] Non-Ferrous Metals Sector - The non-ferrous metals industry saw a total net inflow of 5.634 billion yuan, with all 137 stocks in the sector rising [2] - Notable stocks with significant net inflows included Huayou Cobalt with 1.206 billion yuan, Ganfeng Lithium with 1.100 billion yuan, and Tianqi Lithium with 791 million yuan [2] - The sector also had stocks with substantial net outflows, including Northern Rare Earth with a net outflow of 281.7 million yuan and Zhangyuan Tungsten with 189.1 million yuan [3]

Market Performance - The Shanghai Composite Index closed at 3812.51 points, up 1.24% [1] - The Shenzhen Component Index closed at 12590.56 points, up 3.89% [1] - The ChiNext Index increased by 6.55% [1] - The STAR Market 50 Index rose by 3.39% [1] Stock Movement - Among the tradable A-shares, 4856 stocks rose, accounting for 89.66%, while 473 stocks fell [1] - There were 108 stocks that hit the daily limit up, and 7 stocks that hit the limit down [1] - The industries with the most stocks hitting the limit up included Power Equipment (31 stocks), Electronics (18 stocks), and Machinery Equipment (11 stocks) [1] Notable Stocks - *ST Shenghuo and ST Zhongdi are among the 12 stocks that hit the limit up and are classified as ST stocks [1] - Anzheng Fashion has recorded 4 consecutive limit up days, the highest among all stocks [1] - Qingshan Paper has the highest closing limit up order volume with 60.99 million shares, followed by Anzheng Fashion and Tiantong Co., with 31.67 million and 23.91 million shares respectively [1] Fund Flow - In terms of order volume, the stocks with the highest limit up order funds include Wolong Electric Drive (394 million yuan), Anzheng Fashion (363 million yuan), and Ganfeng Lithium (311 million yuan) [1]

Core Viewpoint - The company reported strong financial performance in Q2 2025, with significant revenue and profit growth, driven by the recovery in charging module profitability and the acceleration of global charging station construction, as well as stable growth in data center and power grid investments [1][2][4]. Financial Performance - In Q2 2025, the company achieved revenue of 379 million yuan, representing a year-on-year increase of 34.8% and a quarter-on-quarter increase of 82.7% [1][2]. - The net profit attributable to the parent company was 22 million yuan, showing a year-on-year increase of 75.9% and a quarter-on-quarter increase of 437.2% [2]. - The non-recurring net profit was 21 million yuan, with a year-on-year increase of 79.1% and a quarter-on-quarter turnaround to profitability [1][2]. - The gross margin and net margin for Q2 2025 were 27.10% and 5.81%, respectively, with quarter-on-quarter increases of 1.11 percentage points and 8.95 percentage points [2]. Business Segments - The new energy power conversion business generated revenue of 385 million yuan in H1 2025, a year-on-year increase of 18.6%, with a gross margin of 19.5%, down 4.6 percentage points year-on-year [2]. - The smart grid business revenue in H1 2025 was 118 million yuan, a year-on-year increase of 36.0%, with a gross margin of 41.2%, up 3.9 percentage points year-on-year [3]. - The company is focusing on enhancing its product offerings in charging modules and smart grid solutions, leveraging technological advancements to improve efficiency and competitiveness [2][3]. Future Outlook - The company maintains an "overweight" rating, with revised profit forecasts for 2025-2027, expecting net profits of 91 million, 190 million, and 255 million yuan, respectively, reflecting significant upward adjustments [4]. - The target price for the company is set at 38.15 yuan, based on a reasonable PE ratio of 35 times for 2026, indicating confidence in sustained growth in charging station and data center-related businesses [4].

Choice统计显示，9月5日，沪深两市可交易A股中，上涨个股有4605只，下跌个股有453只，平盘个股 89只。不含当日上市新股，共有103只个股涨停，7只个股跌停。从所属行业来看，涨停个股主要集中在 电力设备、电子、机械设备、化工、有色金属、汽车等行业。 （文章来源：证券时报网） ...