Robotics - A significant breakthrough in robotics algorithms has been achieved by a Chinese research team, introducing the world's first unified theory of "force-position hybrid control algorithm" that does not rely on force sensors, improving task success rates by approximately 39.5% compared to position-only control strategies [1] - The new algorithm enables robots to perform six types of operations, including position tracking and compliant force application, without sensors, enhancing human-robot collaboration safety through real-time interaction capabilities [1] - This advancement positions China at the forefront of intelligent control in robotics, providing critical technological support for industries such as smart manufacturing and rehabilitation [1] Deep Earth Economy - The Ministry of Natural Resources of China has announced plans to accelerate the standardization of emerging industries related to deep sea and deep earth during the 14th Five-Year Plan, with deep earth economy expected to be included in the planning [2] - The deep earth economy encompasses activities related to the development of deep earth resources and space utilization, becoming a new economic form that is rapidly developing under policy support and technological advancements [2] - This sector is crucial for resource security and is anticipated to receive strong policy backing during the 14th Five-Year Plan, marking a golden development period [2] Carbon Emissions - Hubei Province has launched an ecological environment rights trading platform that allows for the trading of ecological product values, with a cumulative transaction volume in the carbon market exceeding 10 billion yuan, ranking first in the country [3] - The platform integrates five core functions, including carbon emission rights and ecological product value realization, providing a one-stop service for enterprises' low-carbon transformation and enhancing resource allocation efficiency [3] CPO (Cloud and AI) - Demand for 1.6T optical modules is on the rise, with overseas clients increasing their procurement plans for 2026, driven by the accelerated deployment of AI training and inference networks [4] - The total demand for 1.6T optical modules is expected to rise from 10 million to 20 million units, reflecting the growing bandwidth requirements in the AI sector [4] Storage Chips - Micron Technology's executive has indicated that the DRAM supply situation will be more severe in 2026 due to high bandwidth memory (HBM) consuming three times the wafers compared to traditional DRAM products [5] - The current capacity of major memory manufacturers is being directed towards HBM production, with rising costs and time for establishing new DRAM wafer fabs limiting large-scale expansion in the short term [5] Macro and Industry News - The Ministry of Finance and the State Administration of Taxation have initiated a pilot program for joint regulation of accounting agencies in three provinces [6] - A meeting on cement industry growth emphasized the need for strict adherence to capacity replacement policies by major enterprises [6] - The "Beijing Wind Energy Declaration 2.0" was released, setting a target for annual new wind power installations during the 14th Five-Year Plan [6] Market Trends - Recent data indicates that net subscriptions for equity ETFs reached 163.3 billion yuan in the past month, with significant interest in semiconductor and non-bank financial themed ETFs [7] - The fundraising pace for new funds has accelerated, with ten equity funds announcing early closure of their fundraising periods [7]

《每日经济新闻》记者注意到，龙头香农芯创是近期A股市场的焦点个股之一，其股价在过去近30个交 易日中十余次创下（截至当时的）历史新高。就在上周五（10月17日），香农芯创盘中还创下107.8元/ 股的历史高点。东方财富数据显示，整个9月，香农芯创股价涨幅达116.56%。 每经记者｜蔡鼎 每经编辑｜文多 近期"牛股"香农芯创（SZ300475，股价96.21元，市值446.2亿元）10月20日晚披露，持股5%以上股东无 锡高新区新动能产业发展基金（有限合伙）（下称新动能基金） 因"资金需要"，计划自减持计划公告 之日起15个交易日后的3个月内，以集中竞价方式减持公司股份数量不超过463.77万股（即不超过公司 股份总数的1%）。 香农芯创公告显示，新动能基金于2018年7月12日设立，执行事务合伙人为无锡新投金石创业投资管理 有限公司，经营范围包括股权投资等。 据Wind金融终端，除了持股香农芯创外，新动能基金还出现在了两家A股上市公司的前十名股东列表 中。这两家公司分别为迪哲医药（SH688192）、微导纳米（SH688147），新动能基金截至2025年上半 年末分别持有二者700.74万股、108.49万 ...

江波龙在机构调研时表示，目前公司各系列主控芯片采用领先于主流主控芯片的头部Foundry工艺，采 用自研核心IP，搭配公司自研固件算法，使得公司各类存储产品具有明显的性能和功耗优势。截止至7 月底，公司主控芯片全系列产品累计实现超过8000万颗的批量部署，并且部署规模仍在保持快速增长。 搭载自研主控的UFS4.1产品正处于多家Tier1厂商的导入验证阶段，全年来看，自研主控芯片部署规模 将实现放量增长。 ...

财联社倾力打造王牌栏目《风口研报》，替您"扒一扒"市场含金量超高的研报、调研信息。以机构视 角，追踪研报和调研纪要细节里的"超预期"、"拐点"、"事件催化"和"价值洼地"。 ①AI产业趋势下对存储芯片的需求显著提升，这个细分领域有望跟随放量，国内龙头企业已占据了先发优 势，有望率先受益； ②千亿市场规模的家居细分品类，公司国内国外市场兼顾+线上线下渠道同步，且低 市占率下未来具有更大成长空间。 前言 ...

业绩预增的海外机构调研股来了。 市场早间高开震荡，创业板指领涨。算力硬件股集体走强；脑机接口概念拉升；煤炭板块延续强势，大有能源6天5板；量子科技概念拉升，盛洋科技、吉 大正元涨停。贵金属、鸡肉、银行、维生素等板块逆市下跌。 A股光模块走高，"易中天"大涨。新易盛盘中一度涨超9%，中际旭创盘中一度涨超12%，天孚通信盘中一度涨超13%。消息面上，花旗银行称光模块行业 需求存在潜在上行可能，且股价调整后买入机会增强。花旗银行表示，观察到VR200NVL144机架的1.6T光模块GPU配比或从1:2.5提升至1:5，意味着若供 应商能及时跟上订单，其2026年行业需求可能从800万只增至2000万只以上。由于光模块供应短缺可能加剧，行业平均售价或出现同比持平，这也构成另 一项上行风险。 从业绩来看，近日获海外机构关注个股中，有7只公布了前三季业绩预告，6股业绩预喜。 存储芯片概念今日盘中再度活跃，三孚股份涨停，斩获4连板；万润科技、天奥电子、诚邦股份等均涨停。消息面来看，近日有消息称，美光科技计划停 止向中国数据中心供应服务器芯片。此前该公司在2023年遭遇中国对其产品在关键基础设施中的禁令后，业务未能恢复。 海 ...

三孚股份4连板，诚邦股份、万润科技涨停，聚辰股份、雅克科技、兆易创新、协创数据、恒烁股份跟 涨。 (本文来自第一财经) ...

Core Insights - The overseas institutional research stocks have shown significant interest, with 321 companies being investigated in the past 10 days, indicating a robust market engagement [3] - The storage chip sector is experiencing a supply shortage, which is viewed as a positive signal for the industry, especially following Micron Technology's announcement to cease supplying server chips to Chinese data centers [2][6] - Several companies have reported positive earnings forecasts for the third quarter, with six out of seven companies expecting improved performance [6] Group 1: Market Trends - The A-share market has seen a rise in sectors such as computing hardware and quantum technology, while precious metals and certain food sectors have declined [1] - The optical module industry is anticipated to experience increased demand, with potential growth in industry requirements from 8 million units to over 20 million units by 2026 [1] - Citibank has highlighted that the optical module sector may present buying opportunities due to recent price adjustments [1] Group 2: Company Performance - Mindray Medical has attracted the most attention from overseas institutions, with 124 firms participating in its research, and it expects positive revenue growth by Q3 2025 [3] - Inovance Technology has introduced a new energy management platform, which aims to optimize electricity usage and reduce costs significantly [4] - Seven overseas-researched stocks have released earnings forecasts, with notable predictions from GigaDevice Semiconductor, expecting a net profit increase of approximately 57% to 86% compared to the previous year [6]

一个国家或地区的理财观，是其经济脉搏与社会心态的镜像。在韩国，一股被称作"蚂蚁军团"的散户投资力量正越来越多地影响着资本市场。 近期，证券时报记者走访韩国首尔，与多位资管行业人士和投资者进行了交流。记者观察到，在物价高企、利率下行等社会的现实挑战下，投资理财已不仅 仅是资产增值的工具，更被韩国许多年轻人视为改变命运的突围方式。在这种心态的影响下，韩国投资者不仅借道ETF涌入资本市场，而且热衷于高风险杠杆 产品，不惧高风险博取高收益。 进入2025年，这股庞大的投资者力量在持续追捧本土及美国资产的同时，也逐渐将目光投向中国尤其是港股资产，资金流向的变化与对特定板块的聚焦布 局，勾勒出一幅韩国投资理财的全新图景。 热衷高风险杠杆产品 韩国投资者对高风险资产的偏好由来已久。 公开资料显示，韩国于2010年便推出了杠杆ETF，是亚洲最早推出杠杆ETF的市场，早于日本（2012年）、中国台湾（2014年）和中国香港（2016年）。 证券时报记者采访发现，直至今日，不少韩国投资者仍然对高风险的杠杆ETF、衍生品、虚拟货币等情有独钟。 "由于物价较高，生活压力较大，韩国年轻人很喜欢炒股票和买基金，而且喜欢买2倍、3倍杠杆的 ...

每经AI快讯，10月20日，今日午盘全市场共57股涨停，连板股总数9只，18股封板未遂，封板率为76% (不含ST股、退市股)。焦点股方面，煤炭板块持续活跃，大有能源（600403）5连板、安泰集团 （600408）3连板，棕榈油概念股远大控股（000626）晋级5连板，存储芯片上游材料的三孚股份 （603938）走出4连板。 ...

Group 1 - The core viewpoint of the articles highlights the ongoing activity in the storage chip sector, driven by market reactions to Micron Technology's decision to cease supplying server chips to Chinese data centers, which is seen as a confirmation of the existing supply shortage in the industry [1][2] - The stock performance of companies such as Sanfo Technology, Wanrun Technology, and Tian'ao Electronics, which have seen significant gains, indicates a bullish sentiment in the storage sector following the news [1] - The exit of Micron is perceived as having limited impact on China's storage market, as local suppliers like Samsung, SK Hynix, and domestic firms such as Yangtze Memory Technologies and Changxin Memory Technologies dominate the landscape [1] Group 2 - From a macro perspective, the Micron incident reflects a long-term trend of supply chain differentiation in the context of the trade technology war, extending from high-end GPU sectors to storage and server domains [2] - The ongoing restrictions on AI chip and manufacturing equipment exports by the Trump administration are pushing China to support local suppliers for self-sufficiency, which is crucial for the storage industry's growth [2] - The overall demand in the storage sector is being driven by the global AI infrastructure construction wave, leading to a persistent supply shortage exacerbated by trade frictions [2]