以最新收盘价计算，科创板平均股价为35.68元，其中股价超100元的有52只，股价最高的是寒武纪。 证券时报·数据宝统计显示，科创板股今日上涨的有547只，下跌的有40只，以收盘价为基准测算，科创 板平均股价为35.68元，其中，收盘价超过100元的有52只，股价在50元至100元之间的有148只，股价在 30元至50元的有162只。 科创板股中，收盘价最高的是寒武纪，今日报收923.70元，下跌2.67%，其次是茂莱光学、百利天恒 等，最新收盘价分别为353.44元、308.78元。 科创板百元股一览 | 代码 | 简称 | 最新收盘价（元） | 今日涨跌（%） | 换手率（%） | 行业 | | --- | --- | --- | --- | --- | --- | | 688256 | 寒武纪 | 923.70 | -2.67 | 2.64 | 电子 | | 688502 | 茂莱光学 | 353.44 | 3.71 | 7.75 | 电子 | | 688506 | 百利天恒 | 308.78 | -1.88 | 1.23 | 医药生物 | | 688617 | 惠泰医疗 | 297.42 | 2.21 ...

68只个股今日获机构买入型评级，13股机构首次关注。 证券时报•数据宝统计显示，今日机构研报共发布94条买入型评级记录，共涉及68只个股。安琪酵母关注度最高，共获8次机构买入型评级记录。 今日获机构买入型评级个股中，共有37条评级记录中对相关个股给出了未来目标价。以公布的预测目标价与最新收盘价进行对比显示，共有17股 上涨空间超20%，纵横股份上涨空间最高，8月15日国金证券预计公司目标价为81.62元，上涨空间达50.29%，上涨空间较高的个股还有北汽蓝 谷、伟星新材等，上涨空间分别为42.15%、28.91%。 （原标题：68股今日获机构买入评级 17股上涨空间超20%） | 002913 奥士康 | 1 | 1.07 | 32.10 电子 | | --- | --- | --- | --- | | 002938 鹏鼎控股 | 1 | -0.61 | 49.00 电子 | | 002991 甘源食品 | 1 | 0.40 | 35.81 食品饮料 | | 003033 征和工业 | 1 | 9.99 | 18.60 汽车 | | 300017 网宿科技 | 1 | 5.72 | 40.05 计算机 | | ...

Group 1: Investment Rating - No investment rating information is provided in the report. Group 2: Core Viewpoints - "Anti - involution" will alleviate the dilemma of "increasing revenue without increasing profit", with a greater boost to PPI than CPI, and promote the nominal GDP growth rate to approach the real GDP growth rate [5][21]. - The US economy shows signs of weakness, and the market's expectation of the Fed's interest rate cut is rising, with an expected cumulative rate cut of 75bp in 2025 [5][83]. - China's economic growth rate in 2025 may be high in the first half and low in the second half, but it can achieve the 5% target for the whole year [5]. - The A - share market still has a certain degree of sustainability, and the bond market is likely to fluctuate narrowly, while the commodity market will enter a wide - range shock trend [5]. Group 3: Summary by Directory 1 "Anti - involution": Alleviate the Dilemma of "Increasing Revenue without Increasing Profit" and Improve Market Performance Expectations - **Overview**: "Anti - involution" aims to promote the economy to return from "scale expansion" to "high - quality growth", improve social overall efficiency, and is a key part of building a unified national market [10][11]. - **Approach**: Different from the previous supply - side reform, it focuses on downstream emerging industries, mainly private enterprises, with more moderate and gradual policies using market - based and legal means [18][19]. - **Impact**: It is expected to have a greater impact on PPI than CPI, and promote the nominal GDP growth rate to approach the real GDP growth rate, but there is uncertainty in the transmission of price increases from upstream to downstream [21][24]. - **Style**: From April to September, the market pays more attention to performance, and the "anti - involution" direction has performance release expectations [28]. - **Law**: It may be a key factor supporting the strength of the A - share market, and the current "anti - involution" market is in the policy - expectation stage [32][36]. - **Summary**: It can alleviate the dilemma of "increasing revenue without increasing profit" and improve market performance expectations [46]. 2 Global: The US Economy Shows Signs of Weakness, and the Fed's Interest Rate Cut Expectation is Rising - **Overseas Tariffs**: The US average effective tariff rate has reached the highest level since 1933, reducing global economic growth potential, and tariffs remain a key variable affecting China's exports [49]. - **Overseas Economy**: The global economy has short - term resilience, but the US economy shows signs of weakness in investment, and the Fed has lowered its economic growth forecast [55][60][66]. - **Overseas Inflation**: The short - term impact of tariffs on US inflation is emerging, and the medium - term inflation trend still faces great uncertainty [69][73]. - **Overseas Liquidity**: The inflection point of non - farm data may have arrived, and the market's expectation of the Fed's interest rate cut is rising, with an expected 75bp rate cut in 2025 [77][83]. - **Summary**: The global economy has short - term resilience but increasing uncertainty, and the expectation of the Fed's interest rate cut is rising [83]. 3 China: The Economic Growth Rate May be High in the First Half and Low in the Second Half, and the Spontaneous Recovery Momentum Needs to be Consolidated - **Economic Overview**: China's economic growth rate in 2025 may be high in the first half and low in the second half, with the GDP growth rate in Q3 and Q4 expected to decline compared with Q1 and Q2 [84]. - **Investment End**: The growth rate of fixed - asset investment continues to bottom out, and real estate investment is still the main drag [85]. - **Consumption End**: Consumption data still has resilience, and service consumption may be the key area of development [27]. - **Export End**: Attention should be paid to the impact of tariffs and export over - draw effects [5][28]. - **Liquidity**: The government sector is still the main force for increasing leverage, and the time for reserve requirement ratio and interest rate cuts is expected to be postponed [28]. - **Summary**: The annual economic growth rate is likely to be high in the first half and low in the second half [29]. 4 Market Strategy: Positive Factors are Gradually Accumulating to Strengthen the Foundation for the A - share Market to Improve - **General Trend Judgment**: The subsequent market is expected to have a certain degree of sustainability [30]. - **Policy Trends**: The economic policy in the second half of the year is expected to maintain its stance and act appropriately [32]. - **Allocation Framework**: Gradually increase the allocation of stock assets [33]. - **Investment Advice**: The equity index will run strongly, the bond market may fluctuate narrowly, and the commodity market will enter a wide - range shock trend [5][33].

沪指8月15日上涨0.83%，申万所属行业中，今日上涨的有30个，涨幅居前的行业为综合、非银金融， 涨幅分别为3.92%、3.16%。国防军工行业今日上涨1.26%。跌幅居前的行业为银行，跌幅分别为 1.46%。 资金面上看，两市主力资金全天净流入201.54亿元，今日有17个行业主力资金净流入，非银金融行业主 力资金净流入规模居首，该行业今日上涨3.16%，全天净流入资金154.98亿元，其次是电力设备行业， 日涨幅为2.85%，净流入资金为55.27亿元。 主力资金净流出的行业有14个，通信行业主力资金净流出规模居首，全天净流出资金34.51亿元，其次 是银行行业，净流出资金为31.19亿元，净流出资金较多的还有国防军工、医药生物、传媒等行业。 国防军工行业今日上涨1.26%，全天主力资金净流出25.53亿元，该行业所属的个股共139只，今日上涨 的有114只，涨停的有1只；下跌的有21只。以资金流向数据进行统计，该行业资金净流入的个股有46 只，其中，净流入资金超5000万元的有6只，净流入资金居首的是光启技术，今日净流入资金2.28亿 元，紧随其后的是菲利华、景嘉微，净流入资金分别为1.92亿元、1. ...

Summary of Key Points Core Viewpoint - The average stock price of A-shares is 12.79 yuan, with 39 stocks priced below 2 yuan, the lowest being *ST Suwu at 0.94 yuan [1] Group 1: Market Performance - As of August 15, the Shanghai Composite Index closed at 3696.77 points, with a total of 39 stocks trading below 2 yuan [1] - Among the low-priced stocks, 30 experienced price increases, with *ST Yunwang, ST Zhongzhu, and *ST Yangguang showing gains of 5.03%, 4.44%, and 3.37% respectively [1] - Conversely, 3 stocks declined, with *ST Suwu, *ST Gaohong, and Meike Home showing decreases of 5.05%, 4.97%, and 1.00% respectively [1] Group 2: Low-Priced Stocks Overview - The list of low-priced stocks includes *ST Suwu (0.94 yuan), *ST Jinke (1.41 yuan), and Rongsheng Development (1.42 yuan) [1] - A total of 13 out of the 39 stocks priced below 2 yuan are ST stocks, accounting for 33.33% of this group [1] - The highest daily turnover rates among low-priced stocks were observed in *ST Yunwang (3.96%) and ST Zhongzhu (3.99%) [2]

Group 1 - The core viewpoint is that the ChiNext 50 index primarily consists of high-growth technology and emerging industries, reflecting a strong focus on innovation and growth in the market [1] - The ChiNext 50 index includes companies that are mainly in light asset industries, with a business model driven by product development and distribution channels, leading to strong bargaining power in the midstream of the supply chain [1] - The return on equity (ROE) of the ChiNext 50 constituents is significantly higher than the market average, indicating strong financial performance [1] Group 2 - The ChiNext 50 ETF, managed by Guotai, tracks the ChiNext 50 index, which selects 50 securities from the ChiNext market based on size and liquidity, aiming to reflect the overall performance of quality enterprises in the market [1] - The index constituents are concentrated in high-growth sectors such as information technology, healthcare, and consumer goods, showcasing the characteristics of innovation-driven and high-growth markets [1] - Investors without stock accounts can consider Guotai's ChiNext 50 ETF linked funds, which provide alternative investment options [1]

Group 1 - The A-share market continues its upward trend, with the cash flow strategy performing well, as evidenced by the 500 cash flow index rising by 2.23% and the free cash flow index increasing by 1.68% as of 1:30 PM on August 15 [1] - Over 300 A-share companies have disclosed their semi-annual reports by August 14, with nearly 200 companies reporting year-on-year growth in net profit attributable to shareholders, over 30 companies turning losses into profits, and nearly 30 companies achieving a year-on-year profit increase of more than 100% [1] - Key industries such as automotive, electrical equipment, and non-ferrous metals have shown strong performance in the first half of the year among A-share companies [1] Group 2 - The free cash flow ETF (159201) focuses on industry leaders with abundant free cash flow, covering sectors such as home appliances, automotive, non-ferrous metals, electrical equipment, and oil and petrochemicals, providing significant industry diversification to mitigate single-industry volatility risks [1] - The fund management annual fee rate is 0.15%, and the custody annual fee rate is 0.05%, both of which are the lowest in the market [1] - The cash flow 500 ETF (560120) targets sectors like non-ferrous metals, basic chemicals, transportation, machinery, and pharmaceuticals, combining growth and quality with characteristics of small and mid-cap stocks [2]

Group 1 - The overall industrial production in July remained stable, with quality of development continuing to improve, but external environment burdens are severe, and some industries still face prominent supply-demand contradictions, leading to continued pressure on industrial enterprise profits [1] - The next phase of industrial production development has many favorable conditions, focusing on long-term goals, expanding domestic demand, strengthening innovation-driven initiatives, and promoting the transformation and upgrading of traditional industries [1] - As of August 15, 2025, the ChiNext Index surged by 2.53%, with the ChiNext ETF Guangfa (159952) rising by 2.41%, and several component stocks, including Tonghuashun and Feilihua, experiencing significant gains [1] Group 2 - The total margin balance of the ChiNext reached 415.86 billion yuan as of August 14, an increase of 2.407 billion yuan from the previous trading day, marking a continuous increase for four consecutive trading days [1] - Bohai Securities indicated that domestic liquidity is showing a relatively mild self-reinforcing characteristic, and the emphasis on consolidating the capital market's recovery is beneficial for the continuation of liquidity increment processes [2] - The ChiNext ETF Guangfa closely tracks the ChiNext Index, consisting of 100 stocks with large market capitalization and good liquidity, focusing on strategic emerging industries such as power equipment, pharmaceuticals, and electronics [2]

Summary of Key Points Core Viewpoint - As of August 14, the market's latest financing balance reached 20,410.57 billion yuan, showing an increase of 89.96 billion yuan compared to the previous trading day, with significant growth in the electronic sector [1][2]. Industry Financing Balance Changes - The electronic industry saw the largest increase in financing balance, rising by 58.63 billion yuan to a total of 2,458.41 billion yuan, reflecting a growth rate of 2.44% [1]. - Other industries with notable increases include: - Computer: Increased by 17.09 billion yuan, total 1,583.72 billion yuan, growth rate of 1.09% [1]. - Pharmaceutical and Biological: Increased by 9.20 billion yuan, total 1,542.83 billion yuan, growth rate of 0.60% [1]. - Automotive: Increased by 7.87 billion yuan, total 1,063.16 billion yuan, growth rate of 0.75% [1]. - Industries with decreased financing balances include: - Non-bank Financial: Decreased by 12.27 billion yuan, total 1,643.75 billion yuan, decline rate of 0.74% [1][2]. - Defense and Military: Decreased by 3.14 billion yuan, total 744.82 billion yuan, decline rate of 0.42% [2]. - Food and Beverage: Decreased by 1.86 billion yuan, total 526.13 billion yuan, decline rate of 0.35% [2]. Financing Balance by Industry - The following industries experienced notable financing balance changes: - Electronic: 2,458.41 billion yuan, +58.63 billion yuan, +2.44% [1]. - Computer: 1,583.72 billion yuan, +17.09 billion yuan, +1.09% [1]. - Pharmaceutical and Biological: 1,542.83 billion yuan, +9.20 billion yuan, +0.60% [1]. - Automotive: 1,063.16 billion yuan, +7.87 billion yuan, +0.75% [1]. - Non-bank Financial: 1,643.75 billion yuan, -12.27 billion yuan, -0.74% [2].

Core Viewpoint - The article highlights the significant presence of social security funds in the stock market, particularly focusing on their investments in various sectors and specific companies as of the first half of 2025 [1][3]. Group 1: Social Security Fund Holdings - As of August 13, 2025, 281 A-share listed companies have disclosed their mid-year reports, with 42 companies having social security funds among their top ten circulating shareholders [3][6]. - The total number of shares held by social security funds amounts to 789 million, with a market value of 14 billion yuan [3][9]. - The top three companies by market value held by social security funds are Changshu Bank (20.47 billion yuan), Pengding Holdings (13.78 billion yuan), and Haida Group (12.32 billion yuan) [3][4]. Group 2: Sector Analysis - Social security funds have significant holdings in the basic chemical and banking sectors, each exceeding 2 billion yuan, while holdings in the electronics and pharmaceutical sectors exceed 1.2 billion yuan [9][11]. - The total market value of social security fund holdings in the basic chemical sector is 23.97 billion yuan, and in the banking sector, it is 20.47 billion yuan [9][11]. Group 3: Changes in Holdings - In the second quarter of 2025, social security funds entered the top ten shareholders of 15 new stocks, with notable investments in Yanjing Beer, Chuanfeng Power, and Weixing Chemical, each exceeding 300 million yuan [6][9]. - The largest increase in holdings was seen in Changshu Bank, with an additional 23.8 million shares acquired, followed by Haida Group and Pengding Holdings with increases of 10.15 million shares and 6.51 million shares, respectively [8][9].