Group 1: Solid-State Battery Industry - The fifth China International Solid-State Battery Technology Conference will be held on June 19-20, 2025, with industry investment reaching 15 billion in the first four months of the year [1] - The Ministry of Industry and Information Technology (MIIT) plans to establish a standard system for solid-state batteries by April 2025, with 6 billion allocated for special research and development [2] - Companies like Puli Technology and Liyuanheng are actively developing solid-state battery technologies and have made significant progress in equipment and process innovations [2] Group 2: Robotics and AI - Ant Group has invested in Lingxin Qiaoshou Technology, which focuses on embodied intelligence platforms crucial for humanoid robots [3] - Companies like Zhenyu Technology and Hanwei Technology are successfully delivering products related to robotics, including linear actuators and flexible sensors [4] - The demand for key components in humanoid robots, such as motors and tactile sensors, is expected to increase, benefiting leading technology firms in the industry [3][4] Group 3: Autonomous Delivery Vehicles - Cainiao has launched a new autonomous delivery vehicle, the Cainiao GT-Lite, priced at 21,800 yuan, with a promotional price of 16,800 yuan [5] - The logistics autonomous vehicle market is entering a phase of large-scale commercialization, driven by technological advancements and decreasing component costs [5] - Companies like Xingwang Yuda and Xiangyou Technology are developing autonomous driving systems and collaborating with postal services to enhance delivery capabilities [6] Group 4: High-Bandwidth Memory (HBM) Market - Samsung Electronics has secured a contract for HBM3E supply from Broadcom, indicating strong demand for high-performance memory in AI applications [7] - The HBM market is expected to experience explosive growth due to increased data center investments and the need for high bandwidth and low power consumption [7] - Companies like Shengmei Shanghai and Saiteng Co. are actively involved in providing equipment and materials for HBM production [8] Group 5: Digital Human Technology - Baidu has launched the industry's first dual digital human interactive live broadcast room, enhancing consumer interaction through advanced AI technology [9] - The development of digital humans is expected to lead to more personalized marketing strategies and improved customer experiences in e-commerce [9] - Companies like New Guodu Holdings are focusing on general-purpose AI technology and multi-modal AI product research [9][10] Group 6: Renewable Energy and Nuclear Fusion - China National Petroleum Corporation plans to invest 655 million yuan in Kunlun Capital for controlled nuclear fusion projects [10] - Several state-owned enterprises are exploring nuclear fusion energy, which is seen as a clean and efficient energy source [11] - Companies like Zhongyou Capital and Xuguang Electronics are involved in nuclear fusion technology development and related projects [11] Group 7: Domestic CPU Market - Shanghai Zhaoxin Integrated Circuit Co., a leading domestic CPU manufacturer, has initiated an IPO on the Sci-Tech Innovation Board, aiming to raise approximately 4.169 billion yuan [12] - The CPU market in China is projected to grow from 216.032 billion yuan in 2023 to 232.61 billion yuan in 2024, driven by advancements in AI and cloud computing [12] - Companies like Guangdian Yuntong and Zhongke Shuguang are enhancing their capabilities in CPU and GPU products [13]

Group 1 - Institutional trading saw 34 stocks listed, with 14 net purchases and 20 net sales [1] - The top three stocks with the highest institutional purchases were Zhongchao Holdings (115 million), Zhongke Magnetic (55.82 million), and Jinchengzi (37.81 million) [1] - Zhongchao Holdings announced that its subsidiaries won multiple power cable projects with a total bid amount of 1.061 billion, accounting for 19.29% of the company's audited revenue for 2024 [3] Group 2 - The PCB sector is experiencing strong performance, particularly among AI-related companies, with significant year-on-year revenue growth but slowing month-on-month momentum [3] - Key applications for products from Kexiang Co. include automotive electronics, new energy, and communication networks, with ongoing development of 800G optical module PCB products [3] - Yihua New Materials produces electronic circuit copper foil, which is a crucial material for PCB manufacturing [4] Group 3 - The first "Lithium Sulfide and Sulfide Solid-State Battery Forum" is scheduled for June 25 in Suzhou, highlighting the industry's focus on solid-state battery technology [5] - Nord Co. reported rapid mass adoption of its 4.5-micron lithium battery copper foil, with successful production of 3-micron copper foil and its application in solid-state batteries [6] - Xinyu Co. is accelerating the establishment of a solid-state battery laboratory and advancing the research of halide solid electrolyte materials [6]

从今日盘面上看，半导体产业链午后崛起，同花顺元件、PCB（线路板）、CPO（共封装光电）、存储 芯片、AI PC等板块涨幅居前。草甘膦、美容护理、稀土永磁板块跌幅居前。 6月18日，A股三大指数午后翻红。截至收盘，上证指数涨0.04%，深证成指涨0.24%，创业板指涨 0.23%。全市场成交额为12217亿元。 PCB龙头沪电股份（002463）午后涨停，截至收盘，该股获主力资金净流入7.18亿元，位居A股第一 名。 市场研究机构YOLE Group在最新研报中表示，人工智能的迅猛发展，尤其是大语言模型和生成式AI的 兴起，正在推动CPO的广泛应用。YOLE预计，CPO市场价值到2030年将达到81亿美元，复合年增长率 达137%。这一增长主要由从可插拔光模块向CPO、以及从铜缆向光通信的转变所驱动，旨在应对功 率、密度、可扩展性、带宽和传输距离等方面的挑战。 摩根大通近日发布的研报认为，CPO技术正在加速迈向商业化，行业龙头已在关键赛道上占据有利位 置，或将成为下一轮成长周期的核心受益者。 国元证券研报认为，CPO技术虽然当前产业规模仍较小，但其性能优势显著，长期来看或为数据中心光 电转换模块的终局结构，远 ...

行 业 及 产 业 电力设备 行 业 研 究 / 行 业 点 评 相关研究 证 券 研 究 报 告 证券分析师 马天一 A0230525040004 maty@swsresearch.com 王珂 A0230521120002 wangke@swsresearch.com 李蕾 A0230519080008 lilei@swsresearch.com 刘建伟 A0230521100003 liujw@swsresearch.com 研究支持 曾子栋 A0230123070004 zengzd@swsresearch.com 联系人 曾子栋 (8621)23297818× zengzd@swsresearch.com 本研究报告仅通过邮件提供给 中庚基金 使用。1 2025 年 06 月 17 日 固态进入产业化前期，锂金属负 极、干法设备是重要技术变化 看好 ——固态电池行业更新点评 本期投资提示： 请务必仔细阅读正文之后的各项信息披露与声明 | 代码 | 证券简称 | | 2025/6/17 | | | 申万预测EPS | | | PE | | | --- | --- | --- | --- | --- | ...

①脑机接口+算力+固态电池+机器人+国产芯片+国企改革！这家公司参股企业主要从事医疗级全植入式无 线脑机接口系统研发；②脑机接口+边缘计算+机器人+ AI智能体+多模态AI+跨境电商！这家公司脑机技术 聚焦教育、医疗、养老三大核心应用场景；③创新药+细胞免疫治疗！公司创新药产品获欧盟孤儿药资格 认定。 每周日至每周四推送明日股市重大公告！内容包含"停复牌、增减持、投资中标、收购、业绩、解禁、 高送转"等一系列个股利好利空公告，其中重要公告均以红色标注，帮助投资者提前寻找到投资热点， 防范各类黑天鹅事件，并且有充足的时间进行分辨和寻找合适的上市公司。 前言 ...

今天最坑的是创新药，港股今天创新药也就大跌了近5个点，早上竞价创新药是超预期，而且开盘后有 资金明显切换医药板块，外加上也没有什么消息利空，早上舒泰神（300204）也是一度再创新高，但是 开盘后创新药没形成合力，开始坑人，导致资金开始集中兑现，这点是真伤人。接下来乐乐结合今天盘 面来跟大家说说我的看法。先说数字货币，因为明天618早上有金融论坛，外加上看到标题有预期会谈 到稳定币方向，看来现在大家都是预判你的预判，既然都等618，那就提前一天开始分化，但是昨天也 跟大家说了，因为昨天尾盘4方拉涨停，确实把短期的所有预期全部拉满了，所以今天的分歧也不意 外，但是换个角度思考，因为金融是跟指数共振向上的方向，而油气是指数下跌开启的载体。那如果金 融从今天开始进入调整，也代表短期指数没有向上预期。 6月17日，和讯投顾李嘉乐分析称，数字货币在昨天高潮后今天终于迎来分化，早上竞价阶段也已经体 现了，这个阶段盘中已经不提示做t了，而是越涨越减。跟风的今天都是取关节点，高位两个核心恒宝 还有4方也是应该边打边撤，并没有从根本逻辑上不看好数字货币，但是短期内上涨的风险已经开始体 现。 之前跟大家梳理过题材，医药、数字货币 ...

从指数表现来看，A股三大指数窄幅整理，上证指数微跌0.04%报3387.4点，深证成指、创业板指分别 下跌0.12%、0.36%，科创50、北证50等指数也普遍小幅收跌；两市成交额维持1.24万亿水平，交投热度 未明显降温。 6月17日，A股与港股整体呈现窄幅震荡格局，市场情绪在题材轮动中保持一定韧性。 驱动逻辑上，A股的结构性行情主要受三方面因素影响：一是外围市场情绪传导，如美股脑机接口标的 的极端表现直接带动A股相关概念；二是政策与事件催化，香港稳定币政策预期及固态电池论坛召开为 对应板块注入动力；三是资金在存量博弈下的高切低节奏，前期热门的创新药、新消费等主题因性价比 降低进入休整，资金转向泛科技方向寻找机会。港股则更多反映个股事件与行业基本面交织影响，如医 疗保健板块的调整或与部分企业新药进展及市场情绪波动相关，而工业等板块的走强或受益于国内稳增 长政策对相关产业链的支撑。 A股行业层面，煤炭（0.89%）、公用事业（0.82%）、石油石化、交通运输、商贸零售均涨超0.5%；医 药生物（-1.44%）、美容护理（-1.24%）、传媒、纺织服饰、轻工制造均跌超0.6%。 港股行业层面，综合企业（0.56 ...

Group 1 - A-share market is supported by the upcoming Lujiazui Forum, with financial sectors showing strength, indicating potential policy speculation [1] - Tensions in the Middle East are escalating, with Israeli Prime Minister Netanyahu stating that actions against Iran will continue, and Trump leaving the G7 summit early due to the situation, heightening market anxiety [1][3] - Despite initial strength in gold and oil prices, the market remains skeptical about further deterioration in the Middle East, leading to a reduction in price increases [3] Group 2 - The market is experiencing conflicting messages regarding potential talks and military actions, particularly affecting international oil trading strategies [5] - A notable trend in A-shares is the "end-of-month effect," where high-flying stocks often see profit-taking as the month closes, suggesting caution for investors [7] - The stock of Brain Rejuvenation Technology (RGC.US) surged by 283%, reaching a market cap of over $29.6 billion, significantly impacting related sectors in A-shares [8] Group 3 - New tax refund policies for overseas travelers in Dalian and Hubei are set to take effect in July 2025, which could influence retail sectors [10] - Micron has announced plans to halt production of DDR4/LPDDR4 chips, indicating a supply-demand imbalance in the memory market, which may affect related stocks [12] - The solid-state battery sector is gaining traction, with several companies experiencing significant stock price increases due to strong demand and positive market sentiment [18][17] Group 4 - The coal, public utilities, oil and petrochemicals, transportation, and retail sectors are leading in performance, while pharmaceuticals, beauty care, media, textiles, and light manufacturing are lagging [20] - The human brain engineering sector saw a rise of 3.34%, while the innovative drug sector experienced a decline of 2.81%, reflecting market volatility [21]

Group 1 - The stock of Jinbo Co., Ltd. (688598) has a comprehensive score of 37.15, indicating a weak performance [1] - The main cost analysis shows that the current main cost is 23.09 CNY, with a 5-day average of 23.08 CNY, a 20-day average of 24.17 CNY, and a 60-day average of 25.67 CNY [1] - Over the past year, the stock has not experienced any limit-up or limit-down events [1] Group 2 - On June 17, 2025, the net inflow of main funds was 2.18 million CNY, accounting for 2% of the total transaction volume [2] - The stock has a short-term resistance level at 23.73 CNY and a support level at 22.62 CNY, while the mid-term resistance is at 26.85 CNY and support at 22.62 CNY [2] - The stock is associated with sectors such as photovoltaic equipment (0.24%), solid-state batteries (1.05%), lithium batteries (0.48%), and new materials (-0.23%) [2]

一、行情回顾 市场全天窄幅震荡，三大指数小幅下跌。脑机接口概念全天强势，爱朋医疗、创新医疗、南京熊猫等涨停。油气股再度大涨，通源石油、山东墨龙、准油股 份均3连板。核污染防治概念股走强，中核科技涨停。下跌方面，创新药概念冲高回落，科兴制药跌超10%。个股跌多涨少，沪深京三市超2900股飘绿，今 日成交1.24万亿。 二、当日热点 1.脑科学 脑科学板块今日大涨，爱朋医疗、创新医疗等一字板，南京熊猫、麒盛科技等涨停。 隔夜美股脑再生科技暴涨283%，盘中多次熔断。该股年内累计涨超50倍。 此外，据央视新闻报道，近日，中国科学院脑科学与智能技术卓越创新中心联合复旦大学附属华山医院，与相关企业合作，成功开展了我国首例侵入式脑机 接口的前瞻性临床试验。该成果标志着我国在侵入式脑机接口技术上成为全球第二个进入临床试验阶段的国家。 | 股票名称 | 最新价 = | 涨跌幅 = | 涨停时间 ◆ | 换手率 | | --- | --- | --- | --- | --- | | 爰朋医疗 300753.SZ | 33.08 | +19.99% | 09:25:00 | 18.10 | | 创新医疗 002173.SZ | ...