牛市来了还没上车？上天天基金APP搜索777注册即可领500元券包，优选基金10元起投！限 量发放！先到先得！ 9 月 10 日上午， A 股三大股指震荡收涨。截至午间收盘，沪指报 3813.78 点，涨 0.17% ，深证成指涨 0.24% ，创业板指涨 1.14% 。科创 50 涨逾 1% 。 沪深两市半日成交额为 1.29 万亿元，与上个交易日基本持平。个股跌多涨少，市场共 2433 只个股上涨， 46 只个股涨停， 2821 只个股下跌。 从板块看，电信、通信设备、电子元器件、餐饮旅游领涨市场，覆铜板、 6G 、光模块（ CPO ）等概念股活跃；固态电池板块在连续 3 日上涨后出现回调，锂矿、锂电正极、动力电 池等概念板块纷纷走低；贵金属、化肥农药板块领跌。 | | | Wind热门概念指数 | V 20格 | | Wind中国行业指数 | | | | --- | --- | --- | --- | --- | --- | --- | --- | | 覆铜板 | 光模块(CPO) | 电路板 | 6G | 通信设备 | 电信 | 电子元器件 | 电脑硬件 | | 4.36% | 3.11% | 2.8 ...

通信设备ETF（159583）跟踪中证通信设备主题指数 （931271），其成分中光模块龙头与算力硬件企 业占比极高，能精准映射光模块和算力产业的发展态势。没有场内账户的投资者可以通过联接基金（A 类021933； C 类021934）关注投资机遇。 （文章来源：每日经济新闻） 消息面，工业和信息化部日前向中国联通颁发卫星移动通信业务经营许可。中国联通可依法开展手机直 连卫星等业务，深化应急通信、海事通信、偏远地区通信等场景应用，丰富通信服务与产品供给。据 悉，中国移动也正积极向工信部申请卫星移动通信业务牌照。 今日三大指数翻红回暖，大科技方向活跃居前，其中通信、互联网服务、计算机设备、东数西算等板块 活跃居前，通信设备ETF（159583）盘中涨幅达5.63%，创业板人工智能 ETF 富国（159246）盘中涨幅 达5.43%。其中通信设备ETF成分股东方通信涨停。另外，通信设备ETF和创业板人工智能 ETF 富国共 有的成分股新易盛涨超8%，中际旭创涨幅超8%，天孚通信涨超5%。 ...

Group 1: New Energy Sector - The new energy sector has seen a significant rise, driven by capital flow towards relatively undervalued stocks, as previous high valuations in computing power stocks led to a shift in investor sentiment [2] - There is a slight improvement in the fundamentals of the new energy sector, but market consensus on sustaining this trend remains divided, with factors such as AIDC, solid-state batteries, and overall capital expenditure in lithium batteries contributing to the outlook [2] - It is advised to consider reducing positions in overvalued stocks while continuing to monitor those with reasonable valuations as the sector rotates [2] Group 2: Macro Economic Insights - The August non-farm payroll data showed a weakening trend, which was anticipated based on prior unemployment claims and ADP data, yet it remains positive, alleviating immediate recession fears [3] - The current unemployment rate is still above the threshold of 4.5%, suggesting that the Federal Reserve may have room to lower interest rates, with a 25 basis point cut in September appearing likely [3] Group 3: Real Estate Market - In August, the total area of residential land sold in 30 core cities decreased by 42.1% year-on-year, with an average floor price of 8,145 yuan per square meter, reflecting a 7.0% increase year-on-year [14] - The top 10 real estate companies saw a 12% month-on-month increase in sales, but a 3% year-on-year decline, indicating a divergence in performance among leading firms [15] - Recommendations include companies like China Merchants Shekou, China Jinmao, and others that are expected to benefit from urban renewal and structural optimization [15] Group 4: Pharmaceutical Sector - The investment strategy for innovative drugs post-licensing emphasizes that achieving licensing is not the end of value realization but a pivotal point for further development [16] - The actual sales peak of innovative drugs often diverges significantly from initial expectations, with market sentiment playing a crucial role in valuation [16] Group 5: Company-Specific Insights - Poly Developments maintained its leading position in sales with a signed amount of 181.2 billion yuan from January to August 2025, focusing on core cities [17] - GCL-Poly Energy's cash cost for granular silicon continues to decline, with a market share increase to 24.3% in the first half of 2025, indicating strong competitive positioning [19] - Jin Kai New Energy reported a revenue of 1.922 billion yuan in the first half of 2025, reflecting a 2.07% year-on-year increase, with a focus on expanding its project portfolio [20]

Group 1 - The CPO concept in A-shares experienced a decline on September 8, with notable drops in stock prices [1] - Zhongji Xuchuang and Xinyi Sheng fell over 9%, while Tianfu Communication dropped over 8% [1] - Other companies such as Shijia Guangzi and Shenghong Technology also saw declines [1]

Market Overview - A-shares opened mixed on September 8, with the Shanghai Composite Index down 0.02%, the Shenzhen Component Index up 0.33%, and the ChiNext Index up 0.21% [1] - Sectors such as batteries and aerospace equipment saw significant gains, while sectors like duty-free and CPO experienced notable declines [1] Institutional Insights - Huatai Securities noted that the A-share mid-term performance has shown a clear divergence, with short cycles continuing to bottom out but showing initial signs of improvement [2] - The report highlighted that advanced manufacturing and TMT sectors are expected to see continued supply-demand improvements, while infrastructure chain revenue is approaching a turning point [2] - A-share mid-term dividend payouts have reached a historical high, suggesting a favorable environment for investors [2] Sector Focus - CITIC Securities expressed a bullish outlook on lithium batteries and energy storage, citing the upcoming peak season and unexpected demand in the storage sector [3] - The report indicated that the supply-demand relationship in the lithium battery sector has fundamentally shifted, with strong earnings visibility and low valuations [3] - Tianfeng Securities emphasized the investment opportunities in edge AI, driven by policy support and major company innovations, particularly highlighting Apple's commitment to product innovation in this area [4]

Group 1 - The core viewpoint is that the AI's contribution to the growth of the computer sector will further increase in the second half of 2025, driven by factors such as CAPEX acceleration, technological upgrades, and supply improvements [1] - The computing industry is expected to see a significant acceleration in revenue and a notable improvement in net profit in the first half of 2025, with the computing power sector experiencing high growth [1] - The growth of the "Xinchuang" (信创) sector is expected to continue its positive trend and accelerate in the second half of the year, with potential expansion into industrial software and other areas [1] Group 2 - The A-share market is likely to continue a volatile upward trend, with a focus on short-term fluctuation risks and marginal changes in market volume [2] - Growth sectors have shown high levels of prosperity in the first half of the year, with potential for rotation among sectors such as machinery and electrical equipment, which have rebound potential [2] - Low-position sectors, particularly certain consumer segments, may strengthen under policy support, while mid-to-long-term focus should be on supply-demand dynamics and industry profit recovery [2] Group 3 - The report emphasizes the importance of investing in industries with solid industrial logic, such as communication equipment, semiconductors, and innovative pharmaceuticals [3] - There is a highlighted focus on sectors benefiting from China's manufacturing advantages and trade growth with non-US economies, including white goods and engineering machinery [3] - The financial sector is expected to benefit from improved market sentiment, with attention on insurance and brokerage firms [3]

Core Insights - The article highlights the changes in the Hong Kong Stock Connect holdings, with notable increases in ownership for certain companies and decreases for others [1][2]. Group 1: Companies with Increased Holdings - Changfei Fiber Optics (06869) saw an increase of 2.14%, bringing its latest holding ratio to 59.98% [2]. - Shandong Gold (01787) experienced a 1.80% increase, with a new holding ratio of 58.88% [2]. - Haotian International Construction Investment (01341) had a 1.51% increase, resulting in a holding ratio of 57.62% [2]. - Over the last five trading days, Shandong Gold (01787) had the highest increase at 6.06%, with a holding ratio of 58.88% [3]. - Changfei Fiber Optics (06869) also increased by 5.95%, reaching a holding ratio of 59.98% [3]. - Yimai Sunshine (02522) saw a 5.52% increase, with a holding ratio of 43.15% [3]. Group 2: Companies with Decreased Holdings - Spring Medical (01858) experienced the largest decrease at -2.53%, with a holding ratio of 44.43% [2]. - BRILLIANCE CHI (01114) saw a reduction of -1.61%, resulting in a holding ratio of 14.02% [2]. - ZTE Corporation (00763) had a decrease of -1.37%, with a holding ratio of 51.54% [2]. - Over the last five trading days, Heng Seng China Enterprises (02828) had the largest decrease at -13.70%, with a holding ratio of 2.71% [3]. - Hong Kong Broadband (01310) decreased by -9.74%, reaching a holding ratio of 0.27% [3]. - The Yingfu Fund (02800) saw a reduction of -4.75%, with a holding ratio of 3.33% [3]. Group 3: Notable Trends - The article provides a detailed list of the top 20 companies with the largest increases and decreases in holdings, indicating significant shifts in investor sentiment [2][3]. - The data reflects a dynamic trading environment, with certain companies gaining traction while others are losing investor interest [1][2].

Group 1 - The report from CICC suggests that liquidity expectations are improving, highlighting mid to long-term advantages in sectors such as communication equipment, semiconductors, electronic hardware, solid-state batteries, innovative pharmaceuticals, national defense and military industry, and robotics [1] - China's manufacturing advantages are becoming more prominent, with a focus on foreign trade growth and companies that have established overseas production capacity in sectors like white goods, construction machinery, and power grid equipment [1] - The recovery in capital market sentiment is expected to boost financial performance, with attention on insurance and brokerage firms [1] Group 2 - The "anti-involution" trend is guiding supply contraction in industries, with policy efforts expected to catalyze demand stabilization, particularly in the photovoltaic sector [1] - There may be differentiation within dividend sectors, with a focus on quality cash flow, volatility, and dividend certainty, particularly in telecommunications and banking [1]

Group 1 - The report from China International Capital Corporation (CICC) suggests a favorable liquidity outlook, highlighting mid to long-term advantages in sectors such as communication equipment, semiconductors, electronic hardware, solid-state batteries, innovative pharmaceuticals, national defense, and robotics [1] - The competitive edge of Chinese manufacturing is emphasized, with a focus on white goods, construction machinery, and power grid equipment that have established overseas production capacity and are benefiting from trade growth with non-US economies [1] - The recovery in capital market sentiment is expected to boost financial performance, particularly in the insurance and brokerage sectors [1] Group 2 - The "anti-involution" trend is leading to a contraction in industry supply, with policy initiatives expected to stabilize demand, particularly in the photovoltaic sector [1] - There may be differentiation within dividend sectors, with an emphasis on quality cash flow, volatility, and dividend certainty, particularly in telecommunications and banking [1]

9月6日，上海剑桥科技股份有限公司披露2025年度"提质增效重回报"行动方案半年度评估报告。报告表 示，公司围绕专项行动方案六大核心目标，结合"高速互连+千兆接入+智能无线"战略，推动各业务板 块协同发展，关键指标与重点任务均按计划推进。 这一实践并非个例。《证券日报》记者据沪深交易所官网数据统计，自沪深交易所去年一季度号召上市 公司披露"提质增效重回报"和"质量回报双提升"行动方案（以下统称"专项行动"）以来，截至目前，共 有1966家上市公司披露提质公告，占沪深两市上市公司总量的38.15%。不仅如此，为了全面展现专项 行动的落实情况，沪深两市上市公司累计披露了1692次专项行动进展报告或专项行动评估报告（包含 2024年度和2025半年度），从多个维度呈现了行动推进的阶段性成果与动态变化。 提质实践不断精细化 为增强公司投资价值，切实做到真心实意回馈投资者，去年一季度，沪深交易所相继启动专项行动，倡 导上市公司结合自身经营实际，主动披露提质公告；鼓励公司以报告为抓手，系统性优化经营策略、夯 实发展基础。 倡议发出后，沪深两市上市公司积极跟进，特别是龙头公司率先垂范，发挥出强大的"头雁效应"。以沪 市为例 ...