Core Viewpoint - The company, Ultrasonic Electronics (000823.SZ), has indicated that its products can be utilized in AR applications, highlighting a stable customer resource base [1] Group 1 - The company's products are applicable in augmented reality (AR) applications [1] - The customer resource base for the company is relatively stable [1]

每日经济新闻 （责任编辑：张晓波 ） 【免责声明】本文仅代表作者本人观点，与和讯网无关。和讯网站对文中陈述、观点判断保持中立，不对所包含内容 的准确性、可靠性或完整性提供任何明示或暗示的保证。请读者仅作参考，并请自行承担全部责任。邮箱： news_center@staff.hexun.com 东海证券指出，电子行业需求持续复苏，供给有效出清，存储芯片价格上涨，我国国产化力度超预 期。英伟达三季度财报显示，数据中心营收同比增长66%，主要由GB300加速推广推动，四季度预计营 收650亿美元，大超市场预期。谷歌发布Gemini 3，由自研TPU训练，各项基准测试表现远超上一代， 展现了最先进的推理能力和多模态理解技术。当前行业结构性机会集中在AI算力、AIOT、半导体设 备、关键零部件及存储涨价等领域。北美云厂商资本开支持续增长，高通进军AI芯片市场，进一步印 证行业高景气度。 信创ETF（159537）跟踪的是国证信创指数（CN5075），该指数从沪深市场中选取涉及半导体、 软件开发、计算机设备等信息技术创新领域的上市公司证券作为指数样本，以反映信息技术创新相关上 市公司证券的整体表现。成分股侧重于信息技术创 ...

从历史表现来看，Wind数据显示，截至11月21日，该指数自2019年12月31日基日以来的涨幅达146%， 年化收益率超17%，年化夏普比率约0.63，指数成分股2026年一致预测归母净利润增速超70%，具有高 弹性、高成长的特征。 当前，"加快高水平科技自立自强，引领发展新质生产力"已被明确为"十五五"时期战略部署之一，人工 智能产业作为关键载体，正迎来政策与市场的双重机遇。科创创业人工智能ETF易方达（159140）等产 品的发行，既能助力资金流向科技前沿领域、为科创生态注入活水，又能为投资者布局硬科技领域、分 享产业成长红利提供多样化选择。 （文章来源：每日经济新闻） 据公告，易方达中证科创创业人工智能ETF（场内简称：科创创业人工智能ETF易方达；基金代码： 159140）等7只跟踪中证科创创业人工智能指数的ETF即将于11月28日启动发行，有望为投资者布局中 国硬科技资产提供全新选择。 该指数从科创板和创业板中选取50只业务涉及为人工智能提供基础资源、技术以及应用支持的股票作为 指数样本，聚焦AI产业链核心环节，既涵盖光通信、国产AI芯片等基础资源领域，也包括AI技术与应 用环节，一键打包双创板块 ...

Core Insights - The electronic industry is experiencing a sustained recovery in demand, effective supply clearance, and rising prices for storage chips, with domestic production efforts exceeding expectations [1] - Nvidia's Q3 financial report shows a 62% year-over-year revenue growth, with data center business revenue increasing by 66%, primarily driven by the accelerated promotion of the GB300, and the Q4 revenue guidance reaching $65 billion, significantly surpassing market expectations [1] - Google has released the Gemini 3 model, which is entirely trained on self-developed TPUs, demonstrating significant advancements in reasoning and multimodal capabilities across various AI benchmark tests, reflecting a comprehensive "full-stack" AI technology ecosystem from chips to software [1] - Current structural opportunities in the industry are concentrated in AI computing power, semiconductor equipment, key components, and rising storage prices [1] Industry Overview - The Integrated Circuit ETF (159546) tracks the Integrated Circuit Index (932087), which selects listed companies involved in semiconductor design, manufacturing, packaging, testing, and related materials and equipment to reflect the overall performance of the integrated circuit industry [1] - This index focuses on technology innovation and growth-oriented companies, serving as an important indicator of the development of China's high-tech industry [1]

Core Viewpoint - The cloud computing ETF (159890) has shown significant growth, driven by strong performance in key component stocks, reflecting a robust demand for AI-related technologies and services [1][5]. Group 1: ETF Performance - The cloud computing ETF (159890) increased by 4.02%, with a peak price of 1.661 and a closing price of 1.655 on November 26 [2]. - Major component stocks such as Zhongji Xuchuang and Xinyi Sheng surged by 15.49% and 11.57%, respectively, while other stocks like Zhongke Shuguang and Inspur Information also saw gains exceeding 4% [1][2]. Group 2: AI Industry Developments - The AI application ecosystem is evolving, with major players like Alibaba and Ant Group launching new AI products, indicating a competitive landscape for AI super entry points [3]. - Nvidia reported a quarterly revenue of $57.006 billion, a 62% year-over-year increase, reinforcing market confidence in sustained AI demand [4]. - Google's introduction of the Gemini 3 AI model is positioned as a significant advancement in AI technology, further driving interest in AI capabilities [4]. Group 3: Investment Opportunities - The cloud computing ETF encompasses leading companies in both AI infrastructure and applications, suggesting a comprehensive investment opportunity in the AI era [5]. - Key component stocks include Zhongji Xuchuang (16.41% weight) and Xinyi Sheng (11.20% weight), highlighting the ETF's focus on critical sectors within the AI supply chain [6].

Core Viewpoint - The A500 index and its associated ETF are experiencing positive momentum, with significant gains in individual stocks and active trading, indicating a favorable market environment for technology and cyclical sectors [1][2]. Group 1: A500 Index Performance - As of November 26, 2025, the A500 index rose by 0.98%, with notable increases in constituent stocks such as Zhongji Xuchuang (up 14.53%) and Maiwei Co. (up 11.98%) [1]. - The A500 ETF (512050) also saw a rise of 0.97%, marking its third consecutive increase, with the latest price at 1.14 yuan [1]. - The A500 ETF recorded a turnover rate of 20.34% and a trading volume of 40.33 billion yuan, reflecting active market participation [1]. Group 2: Fund Flows and Market Sentiment - Over the past three days, the A500 ETF has experienced continuous net inflows, totaling 9.07 billion yuan, with a peak single-day inflow of 6.42 billion yuan [1]. - According to Dongfang Securities, despite a recent pullback, the market is in a healthy consolidation phase, with potential for upward movement as policy clarity and earnings disclosures approach in early 2026 [1]. Group 3: Sector Insights - Zhejiang Securities anticipates a "systematic slow bull" market, with the Shanghai Composite Index expected to oscillate between its previous high and a significant retracement level [2]. - The A500 ETF closely tracks the A500 index, which comprises 500 large-cap, liquid stocks from various industries, representing the overall performance of major listed companies [2]. - The top ten weighted stocks in the A500 index account for 19.36% of the index, including major players like Ningde Times and Kweichow Moutai [2].

相关ETF：科创50ETF（588000）。 每日经济新闻 （责任编辑：张晓波 ） 11月26日，A股三大指数低开高走。科创50ETF（588000）盘中拉升，截至发稿涨1.24%。盘面 上，持仓股寒武纪、海光信息涨超3%，芯原股份上涨6.90%；资金上，科创50ETF（588000）近期持续 受到资金青睐，近五日资金净流入35.72亿，近十日资金净流入52.28亿。截至发文，科创50ETF （588000）成交额达9.36亿元。 消息面上，阿里财报：AI+云加速增长34%。据报道，11月25日，阿里巴巴集团发布2026财年第二 季度财报，集团收入2477.95亿元，超市场预期，剔除已出售业务影响，收入同比增长15%。对AI+云、 消费两大战略领域的投入持续收获成效，核心业务强劲增长：阿里云季度收入同比加速增长34%，再创 新高。 展望后市，中信证券表示，2025年以来中美科技股均取得亮眼成绩，算力板块涨幅领跑市场，模型 和应用侧也出现局部爆发机会。展望2026年，国产算力方兴未艾，业绩弹性及投资确定性兼备，有望复 刻美股2023年以来的长牛行情。模型和应用侧亦有望迎来局部爆发机遇，我们看好AI全面赋能下的互 ...

财信证券指出，当前市场风格或将回归"科技成长"主线，中期关注科技方向。从行业表现来看，科 技权重股对本轮牛市贡献较大，电子、通信、电力设备等行业市值增长显著。TMT板块整体交易拥挤 度仍不高，成长与价值估值分化并非极致，科技方向内部将呈现"高切低"特征。在AI产业趋势驱动下， 2026年可关注滞涨的科技领域如AI应用、消费电子、人形机器人等。此外，高技术制造业PMI持续高于 制造业整体水平，显示科技企业与传统行业业绩呈现"两极分化"特征。 科创板100ETF（588120）跟踪的是科创100指数（000698），单日涨跌幅达20%，该指数从科创板 市场中选取市值适中、流动性较好的100只证券作为指数样本，以反映科创板内具有代表性的创新企业 整体表现。指数成分股覆盖了信息技术、医疗保健等多个科技创新领域，充分体现了科创板对高成长潜 力企业的聚焦。 （责任编辑：张晓波 ） 【免责声明】本文仅代表作者本人观点，与和讯网无关。和讯网站对文中陈述、观点判断保持中立，不对所包含内容 的准确性、可靠性或完整性提供任何明示或暗示的保证。请读者仅作参考，并请自行承担全部责任。邮箱： news_center@staff.hexu ...

Core Viewpoint - The company has approved a share repurchase plan to utilize its own funds and a special loan for stock repurchase, aimed at employee stock ownership plans or equity incentives, with a total repurchase amount between RMB 200 million and RMB 400 million [1] Group 1: Share Repurchase Plan - The company plans to repurchase shares at a price not exceeding RMB 67.12 per share, with the implementation period not exceeding 12 months from the board's approval date [1] - As of November 24, 2025, the company has repurchased a total of 5,124,000 shares, accounting for 2.00% of the total share capital, with a total transaction amount of RMB 243,953,241.79 [1] Group 2: Compliance and Regulations - The company has adhered to the regulations set forth in the Shenzhen Stock Exchange's guidelines regarding share repurchases, ensuring that the repurchase activities do not occur during specific prohibited periods [2][3] - The company will continue to implement the repurchase plan based on market conditions and will fulfill its information disclosure obligations as required by relevant laws and regulations [3]

证券时报•数据宝统计，截至上午收盘，今日沪指涨0.14%，A股成交量731.96亿股，成交金额11439.39 亿元，比上一个交易日减少3.19%。个股方面，2821只个股上涨，其中涨停66只，2380只个股下跌，其 中跌停4只。从申万行业来看，通信、电子、综合等涨幅最大，涨幅分别为4.36%、2.45%、1.69%；国 防军工、银行、石油石化等跌幅最大，跌幅分别为1.93%、1.24%、0.90%。（数据宝） | | 行业 | | | | | | --- | --- | --- | --- | --- | --- | | 申万行业 | 涨跌 | 成交额 | 比上日 | 领涨（跌）股 | 涨跌幅 | | | | （亿元） | （%） | | （%） | | | （%） | | | | | | 通信 | 4.36 | 1045.06 | 18.32 | 中际旭创 | 13.89 | | 电子 | 2.45 | 2014.72 | 0.93 | 明微电子 | 20.01 | | 综合 | 1.69 | 33.47 | 10.72 | 泰达股份 | 10.07 | | 医药生物 | 1.28 | 765.54 | ...