一、行情回顾 市场全天放量大涨，沪指创出年内新高，创业板指涨超3%。大金融板块全线爆发，天风证券、国盛金控、湘财股份、瑞达期货等十余股涨停，中、农、 工、建四大行续创历史新高。军工板块集体走强，长城军工、湖南天雁、北方导航、建设工业等多股封板。固态电池概念反复活跃，湘潭电化、诺德股份、 英联股份、天际股份等涨停。下跌方面，油气股延续调整，准油股份再度跌停。个股涨多跌少，沪深京三市超3900股飘红，今日成交1.64万亿。 二、当日热点 1.大金融 大金融板块今日爆发，海联金汇、吉大正元、国盛金控、天利科技等多股连板。权重股东方财富大涨超10%，成交额超300亿。 6月25日，中国人民银行、国家发展改革委、财政部、商务部、金融监管总局、中国证监会等六部门联合印发《关于金融支持提振和扩大消费的指导意 见》。 此外，6月24日，国泰海通集团下属公司国泰君安国际控股有限公司正式获香港证监会批准，将现有证券交易牌照升级为可提供虚拟资产交易服务，以及在 提供虚拟资产交易服务的基础上提供意见。受此影响今日国泰君安国际涨幅一度接近200%。 | 股票名称 | | 最新价 ⇒ | 涨跌幅 = | 涨停时间 = | 换手率 = | ...

炒股就看金麒麟分析师研报，权威，专业，及时，全面，助您挖掘潜力主题机会！ 6月25日下午，沪指突破3月高点创出年内新高，截至14时23分，报3455.79点。 创业板指拉升超3%，深成指涨1.73%。 大金融、军工、半导体芯片、数字货币等方向涨幅居前，沪深京三市上涨个股超3800只。 港股国泰君安国际一度涨超100%。 消息面上，据证券时报，6月24日，国泰海通集团下属公司国泰君安国际控股有限公司正式获香港证监 会批准，将现有证券交易牌照升级为可提供虚拟资产交易服务，以及在提供虚拟资产交易服务的基础上 提供意见。此次牌照升级后，客户将可在国泰君安国际平台直接交易加密货币（如比特币、以太币 等）、稳定币（如泰达币等）等虚拟资产。 券商大涨，迎重磅利好 东方财富成交额超200亿元，现涨超6.83%。 券商指数大涨超4%。 6月24日，央行等六部门联合印发《关于金融支持提振和扩大消费的指导意见》，健全投资和融资相协 调的资本市场功能，推动中长期资金入市，促进资本市场稳定发展。 来源丨21财经客户端综合自公开信息、wind、东方财富 MACD金叉信号形成，这些股涨势不错！ 责任编辑：凌辰 央行也有大动作 6月25日， ...

智通财经6月25日电，午后指数持续走强，创业板指拉升涨逾3%，沪指涨1.04%，深成指涨1.67%。大金 融、军工、半导体芯片、数字货币等方向涨幅居前，沪深京三市上涨个股近3900只。 创业板指涨逾3% 沪指涨超1% ...

大金融、军工、半导体芯片、数字货币等方向涨幅居前，沪深京三市上涨个股近2900只。 午后指数持续走强， 沪指涨0.7% ，创下年内新高；创业板指拉升涨近2%，深成指拉升涨近1%。 ...

智通财经6月25日电，午后指数持续走强，沪指涨0.6%，创下年内新高；创业板指拉升涨近2%，深成指 拉升涨近1%。大金融、军工、半导体芯片、数字货币等方向涨幅居前，沪深京三市上涨个股近2900 只。 大金融持续走强 沪指创下年内新高 ...

智通财经6月25日电，指数持续走强，创业板指拉升涨逾2.00%，沪指涨0.65%，深成指涨1.06%。大金 融、军工、半导体芯片、数字货币等方向涨幅居前，沪深京三市上涨个股近3100只。 创业板指涨逾2% 上涨个股近3100只 ...

| 海外市场 | | 涨跌幅（%） | | | --- | --- | --- | --- | | 指数 | 收盘 | 1日 | 上周 | | 中国香港恒生指数 | 23238 | -1.99 | 0.42 | | 中国香港国企指数 | 8411 | -2.13 | 0.30 | | 中国台湾加权指数 | 22004 | -1.58 | 1.90 | | 道琼斯指数 | 42172 | -0.10 | -1.32 | | 标普500指数 | 5981 | -0.03 | -0.39 | | 纳斯达克指数 | 19546 | 0.13 | -0.63 | | 日经225指数 | 38488 | -1.02 | 0.25 | | 韩国KOSP100 | 2978 | 0.19 | 2.94 | | 印度孟买指数 | 81362 | -0.10 | -1.30 | | 英国FTSE指数 | 8843 | 0.11 | 0.14 | | 俄罗斯RTS指数 | 1117 | 0.10 | -1.08 | | 巴西圣保罗指数 | 138717 | -0.09 | 0.82 | | 美元指数 | 99 | 0.05 | - ...

Group 1 - The semiconductor sector is becoming a focal point in the market, with strong stocks emerging repeatedly [2][4] - Nvidia's market capitalization surpassed $3.45 trillion, reclaiming the title of the world's most valuable company, with its stock price increasing nearly 24% over the past month [2] - The first quarter revenue of Nvidia surged 69% year-on-year to $44.06 billion, indicating robust growth in semiconductor chip demand [3] Group 2 - Recent breakthroughs in optical chip technology by the Chinese Academy of Sciences highlight advancements in the semiconductor industry [3] - The semiconductor industry is poised for a significant growth phase, potentially reaching a trillion-dollar market [4] Group 3 - Three semiconductor companies reported over 1000% growth in net profit for the first quarter of 2025, positioning them as potential leaders in the industry [5] - Company A, a major semiconductor materials producer, saw a staggering 16,370% increase in net profit for the first quarter of 2025, with significant investments from state-owned entities [8][9] - Company B, a leading semiconductor equipment manufacturer, achieved a 2623.82% increase in net profit for the first quarter of 2025, covering all categories of testing equipment [7] - Company C, a top supplier of single crystal silicon materials, reported a 1850.70% increase in net profit for the first quarter of 2025, with a growing market share [6]

Core Viewpoint - A-shares have maintained an upward trend, with the Shanghai Composite Index breaking through 3400 points, supported by three major positive factors, indicating the potential for a "China-style slow bull" market [1][6][19] Group 1: Market Performance - A-shares opened strong and closed higher, with the Shanghai Composite Index surpassing 3400 points and the ChiNext Index rising over 1% [2][4] - The total trading volume of the two markets reached 1.26 trillion yuan, with sectors like gaming, brokerage, and auto parts leading the gains, while the pharmaceutical sector experienced a pullback [4] Group 2: Positive Factors - **U.S.-China Trade Negotiations**: Recent progress in U.S.-China trade talks has improved market sentiment, enhancing the index's investment value [5][7][8] - **Brokerage Sector Rally**: The brokerage sector, known as the "bull market flag bearer," saw a nearly 2% increase, significantly contributing to the index's rise [9][11] - **Foreign Investment**: International investors are increasingly looking to diversify their portfolios and are showing a stronger willingness to invest in Chinese stocks, indicating substantial future buying potential [12][13] Group 3: Historical Context and Future Outlook - Historical analysis shows that A-shares have exhibited different behaviors after breaking through 3400 points, with three main scenarios identified: sustained bull markets, bear market rebounds, and economic recovery-driven trends [14][16][17] - Current analysts suggest that for the market to continue its upward trajectory, conditions such as increased trading volume and supportive policies are necessary [18][19] - The potential for a "China-style slow bull" market is highlighted, with expectations for a gradual improvement in market conditions and corporate earnings [21][22]

Core Viewpoint - Guokewai (300672.SZ) is progressing with its acquisition of 94.37% of the shares of SMIC Integrated Circuit (Ningbo) Co., Ltd. to enhance its capabilities in the semiconductor industry and respond to national policies for domestic substitution in core components [2][10] Group 1: Acquisition Details - The acquisition will be executed through a combination of issuing shares and cash payments [2] - The transaction aims to establish a dual-driven model of "digital chip design + analog chip manufacturing" by gaining production capabilities in high-end filters and MEMS [2][4] - Guokewai acknowledges that SMIC Ningbo is currently experiencing losses, which may pose risks of consolidated losses in the short term [2][6] Group 2: Financial Performance of SMIC Ningbo - SMIC Ningbo's projected revenues for 2023 and 2024 are 213.2 million and 453.8 million respectively, reflecting a year-on-year growth of approximately 113% [6] - Despite revenue growth, SMIC Ningbo is expected to incur net losses of 813 million in 2024, slightly improving from a loss of 843 million in 2023 [6] - The company is in a capacity ramp-up phase, and its financial performance is under pressure due to high depreciation costs and suboptimal capacity utilization [6][7] Group 3: Strategic Synergies - The acquisition is expected to create synergies by combining Guokewai's digital chip expertise with SMIC Ningbo's strengths in RF front-end and MEMS manufacturing [5] - Guokewai aims to transition from a Fabless design model to a more integrated "chip design + wafer processing" approach, enhancing competitiveness [5] - The collaboration is anticipated to improve operational efficiency and strengthen market cooperation by providing comprehensive solutions to strategic clients [5] Group 4: Market Context and Opportunities - The market for RF filters, particularly in the context of domestic substitution, presents significant growth potential, with SMIC Ningbo being one of the few domestic manufacturers capable of producing high-end BAW filters [9][10] - Currently, foreign companies dominate the SAW and BAW filter markets, with domestic firms holding less than 5% market share in the high-frequency BAW filter segment [9] - The demand for domestic alternatives in the RF filter market is urgent, supported by national policies aimed at reducing reliance on foreign suppliers [9][10]