我们不是资讯的搬运工 而是有态度的发现者 2. 香港证监会发布香港虚拟资产市场监管路线图 3. 上海:经过5年努力中心城公共交通机动化出行分担率不低 于50% 二、行业最新动态 1. 广东推动人工智能与机器人领域立法 机器人行业政策支持不 断,相关个股:光莆股份(300632)、华中数控(300161)等 2. 中国信通院启动多模态智能体技术规范编制 AI智能体迎爆发元 年,相关个股:中控技术(688777)、能科科技(603859)等 3. 知名厂商实施涨价 机构看好存储行业周期复苏,相关个股: 万润科技(002654)、朗科科技(300042)等 万和财富早班车 2025年3月12日 | ● 国内金融市场 ● | | | ● 股指期货 · | | | | --- | --- | --- | --- | --- | --- | | 品种 | 收盘 | 涨跌幅 | 品种 | 收盘 | 涨跌幅 | | 上证指数 | 3379.83 | 0.41% | 上证当月连续 | 2675.40 | 0.47% | | 深证成指 10861.16 | | 0.33% | 沪深当月连续 | 3930.00 | 0.37% | ...

文 ｜ 徐涛 王子源 夏胤磊 ASML计划在北京建设维修中心，其中包括零部件的本土化采购，我们预计将利好国内光刻机零部 件公司。我们认为光刻机作为半导体领域核心"卡脖子"环节之一，国产替代势在必行，市场信心将 持续增强。我们持续看好国产光刻机及先进制程产业链。 ▍ ASML计划在北京建设维修中心，其中包括零部件的本土化采购，我们预计将利好国内光刻机 零部件公司。 ▍ 风险因素： 技术路线革新，先进技术创新不及预期，国际产业环境变化和贸易摩擦加剧风险，政策支持力度 不及预期，下游需求波动等。 ▍ 投资策略： 2 0 2 5年3月5日，ASML公布了以"携手推进技术向新"为主题的2 0 2 4年度报告，其中提到2 0 2 5年 拟布局北京维修中心、缓解出口管制对中国大陆客户设备维护的压力，保障中国客户的维保和替 代需求。除了维修零部件之外，ASML此前还在国内组建了采购团队，以便解决一些本地不能维 修的零部件需要更换的问题，其中就包括一些零部件的本土化采购，目的是保证客户设备的运转 不会受到出口管制的影响。我们认为，此前市场关于光刻机断维保的担忧有所减弱，此外我们预 计新的维修中心将开始配套采购国产零部件，对于国 ...

Market Overview - The A-share market showed a mixed performance with the Shanghai Composite Index down by 0.12%, while the Shenzhen Component and ChiNext Index rose by 0.36% and 1.20% respectively. The total market turnover was 16,645 billion, a decrease of 2,413 billion from the previous day [2][12]. Industry Highlights - Solid-state batteries continued to surge, with expectations for small-scale production by 2027 and large-scale production by 2030. Leading battery manufacturers and vehicle manufacturers are aligning their production schedules accordingly [2][10]. - The photovoltaic industry saw price adjustments from leading component manufacturers, with price increases ranging from 0.01 to 0.03 yuan/W, and auxiliary materials like glass and films experiencing price hikes of 5% to 15% [2][10]. - The nuclear fusion sector gained attention, with companies like China Nuclear Engineering announcing significant investments in fusion energy projects, aiming for commercial operation around 2045 [3][10]. Financial Insights - Major financial institutions like Goldman Sachs and Bank of America have adjusted their forecasts for the Chinese yuan, reflecting a more stable outlook despite ongoing tariff risks. Goldman Sachs revised its three-month forecast for the yuan to 7.3 from 7.4 [6][10]. - The net outflow of funds from the electronic sector was significant, with major stocks like ZTE Corporation leading the outflow. Conversely, sectors such as electric equipment and non-ferrous metals saw net inflows [12][21]. Real Estate Trends - In February, the second-hand housing market in major cities like Beijing, Guangzhou, and Shanghai experienced significant year-on-year increases in transaction volumes, with Beijing's net signing volume up by 87.6% [8][10]. Investment Opportunities - The low-altitude economy is gaining traction, with a recent event in Guizhou signing 20 projects worth 10.55 billion, indicating potential growth in this sector [9][10]. - The robotics industry is set for growth, with a government action plan aiming for breakthroughs in key components and technologies by 2027, targeting the establishment of over 100 billion yuan enterprises [7][10].