风险提示：本文所提到的观点仅代表个人的意见，所涉及标的不作推荐，据此买卖，风险自负。 作者：持有封基 来源：雪球 | | | | 名称 | 今年 | 本月 | 本周 | 当天 | BIAS25 | | --- | --- | --- | --- | --- | --- | | A股总数量 | 5107 | 5141 | 5145 | 5145 | | | A股上涨数量 | 2988 | 3648 | 3034 | 1075 | | | A股下跌数量 | 2102 | 1460 | 2016 | 3938 | | | A股零涨幅数量 | 17 | 33 | 95 | 132 | | | 涨幅>10% | 34. 72% | 20. 27% | 5. 34% | 0. 74% | | | 涨幅>5%到10% | 10. 65% | 20. 37% | 7.66% | 1. 34% | | | 涨幅>0%到5% | 13.14% | 30. 32% | 45. 97% | 18.81% | | | 涨幅>-5%到0% | 13. 32% | 18. 32% | 34. 58% | 74. 77% | | | 涨幅> ...

Market Overview - On May 30, the A-share market experienced a decline, with the Shanghai Composite Index falling by 0.47%. The total trading volume for the day was 1.16 trillion yuan, with over 1,100 stocks rising and more than 4,100 stocks declining. There were 53 stocks that hit the daily limit up, while 19 stocks hit the limit down [1]. Sector Performance - The agriculture, forestry, animal husbandry, and fishery sector rose by 1.2%, led by concepts such as pork and poultry farming. Notable gainers included Juxing Agriculture and Animal Husbandry and Xiangjia Co., which hit the daily limit up [1]. - The innovative drug sector continued its strong performance, closing up by 1.56%, with eight stocks hitting the daily limit up, including Ruizhi Pharmaceutical and Hainan Haiyao [1]. Historical Highs - A total of 25 stocks reached their historical closing highs, with a focus on the pharmaceutical, banking, and transportation sectors. The average increase for these stocks was 5.64%, with notable gainers including Warner Pharmaceuticals and Limin Co. [1][2]. Institutional Trading - On May 30, ten stocks were net bought by institutions, with Sifang Precision and Shutai Shen receiving net purchases of 152 million yuan and 110 million yuan, respectively. Conversely, Haoyuan Pharmaceutical and Zhongchao Holdings faced net sell-offs exceeding 50 million yuan [3][4]. Northbound Capital - Northbound capital saw significant net purchases in five stocks, with Sifang Precision and Yunnei Power each receiving over 100 million yuan in net buys. The stock with the highest net sell was Rongfa Nuclear Power, with a net sell of 61.56 million yuan [5]. Corporate Announcements - Bohai Automobile plans to acquire stakes in several companies through a combination of share issuance and cash payment, with the stock expected to be suspended for up to 10 trading days starting June 3, 2025, due to this major asset restructuring [6]. - Aerospace Changfeng announced that it has been suspended from participating in military procurement activities, which may impact its logistics support equipment business in the short term [6]. - Lan Jian Intelligent proposed a share buyback plan using 10 to 20 million yuan of its own funds for employee stock ownership plans or equity incentives [6]. Fundraising and Projects - Vogt Optoelectronics intends to raise no more than 1.5 billion yuan for a MiniLED display backlight module project and to supplement working capital [8]. - China Communications Construction Company plans to repurchase shares worth 500 million to 1 billion yuan to reduce registered capital, with a repurchase price not exceeding 13.58 yuan per share [8].

Group 1 - The Hong Kong stock market is experiencing a structural change, entering an era dominated by Chinese technology companies, driven by domestic technological transformation and supportive policies [1] - The Hang Seng Technology Index fell over 2.5%, with major tech stocks like Alibaba, Tencent, Xiaomi, and JD.com suffering significant losses, while the biopharmaceutical sector saw gains [1] - The Hong Kong market is expected to rapidly develop over the next three years, entering a technology bull market phase, benefiting from global re-evaluation of Chinese assets and national policy support [1] Group 2 - The Hong Kong Stock Connect Automotive ETF (159323) focuses on the automotive sector, including new energy vehicle manufacturers, and is expected to benefit from advancements in robotics technology [2] - The Hang Seng Technology Index ETF (513180) includes a mix of software and hardware technology companies, featuring key Chinese tech assets that are relatively scarce compared to A-shares [2]

Group 1 - The Hong Kong stock market indices opened lower on May 30, with the Hang Seng Tech Index dropping over 2.5% due to potential tariff disruptions [1] - The largest ETF tracking the Hang Seng Tech Index (513180) followed the index's downward trend, with major holdings like Lenovo Group, Horizon Robotics, BYD Electronics, Sunny Optical Technology, NIO, and Xpeng Motors experiencing significant declines, while Li Auto saw a rise of over 7% [1] - Li Auto reported Q1 2025 revenue of 25.93 billion yuan, a year-on-year increase of 1.1% but a quarter-on-quarter decrease of 41.4%, with a net profit of 646.6 million yuan, up 9.4% year-on-year but down 81.7% quarter-on-quarter [1] Group 2 - Li Auto delivered 92,900 vehicles in Q1 2025, representing a year-on-year growth of 15.5% [1] - The company expects Q2 deliveries to be between 123,000 and 128,000 vehicles, a year-on-year increase of 13.3% to 17.9%, with projected revenue of 32.5 billion to 33.8 billion yuan, reflecting a year-on-year growth of 2.5% to 6.7% [1] - Li Auto plans to launch two new models in the second half of the year, with the first pure electric SUV, Li Auto i8, set to be released in July [1] Group 3 - The Hong Kong Stock Connect Automotive ETF (159323) focuses on the Hong Kong passenger vehicle sector and includes emerging automakers like Li Auto, Xpeng, and Leap Motor, while also covering automotive parts and intelligent automotive technology [2] - The Hang Seng Tech Index ETF (513180) encompasses both hardware and software technology, including AI and robotics, and features core Chinese technology assets that are relatively scarce compared to A-shares [2]

尽管市场整体尚未形成明显的板块效应，但今天部分板块已经开始有所表现。例如，半导体、软件、计 算机设备等板块出现上涨，这些板块与市场关注的博弈或谈判事件有一定关联，投资者可以结合事件进 展进行进一步分析和布局。此外，化学制药和生物制药板块表现活跃，医药创新领域依然是市场关注的 焦点。在汽车整车板块中，氢燃料电池相关方向开始崭露头角。与锂电池和混动车相比，氢燃料电池作 为一种新兴技术，正在逐渐受到市场关注。虽然新能源汽车整体销量仍在增长，但环比增幅有所放缓， 这促使市场寻找新的替代技术，氢燃料电池的概念炒作也因此逐渐升温。 （原标题：和讯投顾韩东峰：大盘经过缩量后，端午节有行情？） 经过两天的缩量调整之后，市场成交量重新回到万亿之上，显示出一定的试探性上攻意图。首先，央行 的7天逆回购操作已经连续10个交易日进行，这一举措对市场的稳定作用十分明显。通过逆回购操作， 央行向市场注入流动性，缓解了短期资金面的压力，为市场的稳定和反弹提供了基础支持。同时，今天 盘中券商板块全线收红，虽然涨幅并不显著，但这种表现值得关注。券商板块通常被视为市场的先行指 标，其全面收红可能暗示市场情绪正在逐步改善，甚至可能有提前演绎的动作 ...

Group 1 - The core viewpoint of the article highlights the performance and market position of CIMC Vehicles, noting its stock price increase and current valuation metrics [1] - As of May 29, CIMC Vehicles closed at 8.56 yuan, up 3.38%, with a rolling PE ratio of 16.06 times and a total market capitalization of 16.043 billion yuan [1] - The average PE ratio for the automotive manufacturing industry is 35.83 times, with a median of 24.69 times, placing CIMC Vehicles in 11th position within the industry [2] Group 2 - As of March 31, 2025, CIMC Vehicles had 36,558 shareholders, an increase of 1,451 from the previous count, with an average holding value of 352,800 yuan and an average shareholding of 27,600 shares [1] - The main business of CIMC Vehicles includes the production, manufacturing, and sales of semi-trailers, special vehicles, refrigerated truck bodies, and complete vehicles, with notable brands operating in North America and Europe [1] - The latest quarterly report for Q1 2025 shows CIMC Vehicles achieved a revenue of 4.591 billion yuan, a year-on-year decrease of 10.91%, and a net profit of 179 million yuan, down 32.59%, with a gross profit margin of 14.30% [1]

Market Overview - The market experienced a significant rebound with all three major indices rising, and the total trading volume exceeding 1.1 trillion yuan, with over 4,400 stocks increasing in value [1] - The Shanghai Composite Index rose by 0.70% to 3,363.45 points, while the Shenzhen Component Index increased by 1.24% to 10,127.20 points, and the ChiNext Index climbed 1.37% to 2,012.55 points [2] Key Drivers - The rebound was influenced by three major positive factors: 1. A U.S. trade court ruling that blocked Trump's global tariffs, leading to an expansion in U.S. stock index futures and a nearly 6% increase in the FTSE China 3x Long ETF [1] 2. Positive earnings from Nvidia, which exceeded expectations, with CEO Jensen Huang noting strong global demand for AI infrastructure, resulting in a 5% increase in the company's stock price post-announcement [1] 3. Foreign institutions have been raising their economic growth forecasts for China in 2025, signaling increased investment value in the A-share market [1] Sector Performance - The technology and financial sectors saw significant gains, with digital currency concepts leading the charge, and several stocks, including Yuyin Co., hitting the daily limit [1] - The EDA concept also performed strongly, with stocks like Gelaun Electronics reaching their daily limit [1] - The automotive supply chain showed robust performance, particularly in the autonomous driving sector, with stocks like Tongda Electric achieving six consecutive daily limits [1] - Conversely, sectors such as beauty care and IP economy experienced pullbacks, with precious metals and shipping sectors showing the largest declines [1] Fund Flow - Major capital inflows were observed in software development, consumer electronics, and automotive parts sectors, with notable net inflows into stocks like Shanzi Gaoke, Zhongchao Holdings, and Sifang Precision [3] Future Outlook - Huachuang Securities predicts that the market may maintain a range-bound oscillation in the short term, with limited upward and downward space [1][8] - The firm suggests a continued focus on financial re-inflation strategies, advocating for a combination of dividend-paying stocks and small-cap growth investments [8] - Dongfang Securities anticipates a continuation of structural market trends characterized by index fluctuations and sector rotations, with consumer stocks remaining active [9]

5月29日，A股三大指数集体上涨，截至收盘，上证指数涨0.7%，深证成指涨1.24%，创业板指 涨1.37%；北证50涨2.73%。两市成交额约11854.22亿元，较前一个交易日放量约1754.72亿 元。全市场4472只股票上涨、831只股票下跌，其中120只涨停、15只跌停。 板块方面，EDA、跨境支付、无人车辆、数字货币、金融科技，计算机、生物制品、化学制药、 汽车整车、电子化学品等行业以及概念涨幅居前；黄金、代糖/甜味剂、调味品、休闲食品、贵金 属、美容护理、食品饮料行业、银行等行业以及概念跌幅居前。(编辑 万佳） ...

保险 队 中国人保 中国太保 中国平安 ■《》 3586.57亿市值 3334.41亿市值 9746.12亿市值 18.68亿成交额 5.80亿成交额 11.73亿成交额 53.52 8.11 34.66 +0.46(+1.35%) +0.23(+0.43%) -0.10(-1.22%) 酸酒行业 贵州茅台 五粮液 山西汾酒 19345.45亿市值 2290.85亿市值 4942.06亿市值 10.48亿成交额 20.36亿成交额 33.75亿成交额 1540.00 187.78 127.32 -0.22(-0.12%) +0.40(+0.32%) +3.00(+0.20%) 半导体 北方华创 寒武纪-U 2271.53亿市值 2558.59亿市值 15.27亿成交额 26.75亿成交额 425.24 612.90 +7.90(+1.89%) +2.91(+0.48%) 汽车整车 铁路公路 比亚迪 长城汽车 京沪高铁 2897.28亿市值 10974.98亿市值 1959.28亿市值 69.43亿成交额 3.62亿成交额 3.67亿成交额 5.90 22.89 361.13 -1.75(-0.48%) -0. ...

市场分析认为，三大利好消息或影响市场： 一是，美国贸易法庭作出阻止特朗普全球关税的裁定，消息发布后，美股期指涨幅扩大，富时中国3倍 做多ETF盘后一度涨近6%。 二是，科技股传来利好，英伟达Q1业绩整体超预期，黄仁勋表示全球对英伟达AI基础设施需求强劲， 公司盘后股价大涨5%。 5月29日，A股早盘震荡反弹，创业板指领涨，截至9:48，沪指涨0.34%，深证成指涨0.64%，创业板指 涨0.92%。 三是，近期，外资机构密集上调对2025年中国经济发展预期，进一步释放看好A股市场投资价值的信 号，引导更多增量资金增配中国股市。 盘面上，无人物流车概念持续火热，通达电气走出7天6板;汽车整车股同步走强，东风股份直线涨停;核 电、可控核聚变概念反复活跃，尚纬股份6连板;消费电子板块拉升，传艺科技触及涨停;创新药概念再 度走强，舒泰神涨超15%创3年新高。下跌方面，IP经济概念回调，莱绅通灵触及跌停;贵金属、美容护 理、白酒等板块跌幅居前。 展望后市，华创证券认为，展望后市，指数层面短期或维持区间震荡的格局，上下空间有限。配置方 面，维持牛市上半场金融再通胀，红利底仓+小盘成长哑铃配置。 热门板块 1、无人物流车概 ...