注：本文系新闻报道，不构成投资建议，股市有风险，投资需谨慎。 低价股排名 | 代码 | 简称 | 最新收盘价（元） | 日涨跌幅（%） | 日换手率（%） | 市净率（倍） | 行业 | | --- | --- | --- | --- | --- | --- | --- | | 000851 | *ST高鸿 | 0.38 | -5.00 | 5.87 | 0.99 | 通信 | | 300280 | 紫天退 | 0.43 | -4.44 | 6.32 | 0.06 | 传媒 | | 600200 | *ST苏吴 | 1.05 | 5.00 | 2.70 | 0.42 | 医药生物 | | 000656 | *ST金科 | 1.39 | -0.71 | 0.77 | | 房地产 | | 601005 | 重庆钢铁 | 1.45 | -0.68 | 1.17 | 0.78 | 钢铁 | | 600022 | 山东钢铁 | 1.47 | -0.68 | 0.62 | 0.84 | 钢铁 | | 000627 | *ST天茂 | 1.58 | | | 0.36 | 非银金融 | | 002496 | *ST辉丰 | ...

浙江东望时代科技股份有限公司公告诉讼事项进展，案件已结案，公司为原告，涉案金额9055.64万元 （不含利息等费用）。此前公司为寰宇能源担保致2024年被司法划扣1.10亿元，后追偿诉讼达成调解。 但债务人未按调解书履约，全部债务视为到期。公司将向法院申请强制执行，不过申请情况存在不确定 性，公司会综合判断对相关报告期损益的影响。截至公告日，公司无其他应披露未披露的重大诉讼、仲 裁事项。公司将持续披露进展，提醒投资者关注风险。 ...

Market Overview - On September 26, the stock indices of both markets experienced fluctuations and declined, with the ChiNext Index dropping over 2%, and more than 3,400 stocks in the market showing losses [1] - The Shanghai Composite Index closed down 0.65% at 3,828.11 points, the Shenzhen Component Index fell 1.76% to 13,209 points, and the ChiNext Index decreased by 2.6% to 3,151.53 points, while the Northbound 50 Index dropped nearly 2% [1] - The total trading volume of the Shanghai and Shenzhen stock exchanges combined reached 21,664 billion [1] Sector Performance - Sectors such as tourism, media, pharmaceuticals, and semiconductors saw declines, while sectors like chemical fiber, insurance, electricity, and oil experienced gains [1] - Military trade and wind power concepts were notably active in the market [1] Future Market Outlook - According to China Merchants Securities, there is a historical pattern of "pre-holiday contraction and post-holiday explosion" in financing before and after the National Day holiday [1] - The market typically shows a relatively calm trend before the holiday, but risk appetite improves significantly afterward [1] - Following the Federal Reserve's interest rate cut in September, historical data suggests a higher probability of A/H shares rising in the future [1] - The current market is still in the second phase of a bull market, with three main driving factors for the recent rise in A-shares remaining unchanged, indicating potential for continued growth along low penetration rate tracks until a significant policy shift occurs [1]

Market Overview - A-shares and Hong Kong stocks are experiencing a synchronized adjustment, with a cautious market risk preference as growth sectors retreat and second-tier themes rotate [1] - A-shares are influenced by the continuous decline of the Nasdaq and the upcoming long holiday, leading to a general adjustment in hard technology sectors, while funds shift towards automotive, wind power, and real estate sectors [1][2] - Hong Kong stocks are weakened by large technology stocks, but essential consumption and energy sectors provide counter-support [1][2] Index Performance - A-share market shows significant differentiation between large and small caps, with blue-chip sectors demonstrating resilience [2] - The Shanghai Composite Index fell 0.18% to 3846.33 points, while the Shenzhen Component Index dropped 0.79% to 13339.82 points [2] - The Hang Seng Index decreased by 0.65% to 26312.90 points, with the Hang Seng Technology Index down 1.04% [2] Industry Hotspots and Driving Logic - A-share market sees a rotation towards policy-sensitive sectors and cyclical stocks, with the petrochemical sector leading gains due to international oil price fluctuations [3] - The real estate sector stabilizes as ongoing property policies improve industry expectations [3] - The automotive and military sectors present thematic opportunities, with optimistic expectations for the new energy vehicle supply chain [3][4] Underperforming Sectors and Driving Logic - A-share technology growth sectors are experiencing a comprehensive pullback, particularly in AI hardware and media [5] - The hardware equipment index fell by 3.97%, with Apple-related and robotics stocks following the technology sector's adjustment [5] Investment Strategy Recommendations - The market is in a transitional phase of "growth retreat and defensive rise," suggesting a focus on policy dividends and low-valuation sector rotation [6] - Recommended areas include sectors with strong policy certainty such as real estate, national defense, and environmental protection [6] - Attention should also be given to energy and resource sectors under cyclical recovery logic, as well as high-dividend blue-chip stocks amid increased market volatility [6] Long-term Focus - Long-term attention should be on the opportunities arising from the correction in technology sectors, particularly in semiconductors and new energy storage, while waiting for signs of valuation digestion and stabilization in fund sentiment [7]

隔夜美联储降息大消息，引发美股三大指数集体收跌。港股今早（9月26日）跟随低开，大型科技龙头 多数回调，港股AI核心工具——港股互联网ETF（513770）场内价格一度跌逾2%，现跌1.68%，盘中 持续宽幅溢价，实时溢价率超0.4%，显示买盘资金逢跌积极介入。 | · 95 61 日帰 開始 | | | | | | F9 盘前盘后 最加 九和 面线 工具 @ 2 > | | | | | | 港股直联网ELE ① | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 0.669 | | | | 513770(港股互取网ETF) 10:11 价 0.643 涨跌 -0.011(-1.68%) 均价 | | | | 1 | | 0 643 -0.011 -1.68% | | | 513770 | | | | | | | | | | | | | SSE CNY 10:11:28 交膜中 | | | T40 | | | | | | | | | | | | | 净值速度 华宝 ...

Domestic Market Overview - The domestic market experienced narrow fluctuations with mixed performance on September 25, 2025. The Shanghai Composite Index closed at 3853.3 points, down 0.01%, while the Shenzhen Component Index rose 0.67% to 13445.9 points. The STAR Market 50 Index increased by 1.24%, and the ChiNext Index rose by 1.58%. The total trading volume of the A-share market reached 239.18 billion yuan, slightly up from the previous day [1][4][9] - Among the 30 sectors tracked by CITIC, 11 sectors saw gains, with telecommunications, media, and electric equipment & new energy leading the increases. Conversely, home appliances, textiles & apparel, and agriculture, forestry, animal husbandry & fishery experienced significant declines. Notably, indices related to servers, semiconductor silicon wafers, and the copper industry showed active performance [1][4][9] Overseas Market Overview - On September 24, 2025, the three major U.S. stock indices experienced slight declines. The Dow Jones fell by 0.38%, the S&P 500 dropped by 0.5%, and the Nasdaq also decreased by 0.5%. The index tracking the seven major U.S. tech companies fell by 0.34%, with Tesla dropping over 4% and Facebook declining by more than 1%. Chinese concept stocks showed mixed results, with Bitdeer falling over 5% [2][4] Key News Highlights - The Ministry of Commerce announced an investigation into trade and investment barriers related to restrictions imposed by Mexico on Chinese products, particularly concerning increased import tariffs on various categories including automobiles, textiles, and electronics [3][11] - The total scale of public funds in China has surpassed 36 trillion yuan, marking the fifth historical high this year. As of the end of August 2025, the scale of stock funds increased by over 620 billion yuan, while bond funds saw a decline of over 28 billion yuan [3][15] - The Digital RMB International Operation Center has officially commenced operations, aimed at enhancing cross-border payment systems and promoting the internationalization of the RMB [3][17][18] - The China Nonferrous Metals Industry Association's Copper Industry Branch is accelerating research on standardized management measures for copper smelting capacity construction, addressing the issue of "involution" competition within the copper smelting industry [3][20][21][22]

Core Insights - The report highlights a positive outlook for the semiconductor industry, with domestic companies showing strong performance in AI computing power and significant growth in revenue and profit [36][38]. - The automotive sector is experiencing a rebound, with notable increases in production and sales, particularly in the electric vehicle segment, supported by favorable policies [22][23]. - The report emphasizes the importance of the technology bond market in supporting innovation, particularly for private enterprises, which currently have low participation rates [10][12]. Domestic Market Performance - The A-share market showed slight fluctuations, with the Shanghai Composite Index closing at 3,853.30, down 0.01%, while the Shenzhen Component Index rose by 0.67% to 13,445.90 [3][4]. - The average P/E ratios for the Shanghai Composite and ChiNext are 15.72 and 50.19, respectively, indicating a suitable environment for medium to long-term investments [9][14]. Industry Analysis - The semiconductor industry reported a 23.84% increase in August, outperforming the Shanghai Composite Index, with integrated circuits rising by 31.47% [36]. - The automotive industry saw a production and sales increase of 8.66% and 10.15% respectively in August, with electric vehicle sales maintaining strong growth [22][23]. - The technology bond market has evolved since its inception in 2015, with state-owned enterprises dominating issuance, while private enterprises account for only 10% [11][12]. Investment Recommendations - The report suggests focusing on sectors with stable fundamentals and high dividend yields, such as engineering machinery and mining equipment [19][20]. - It recommends monitoring investment opportunities in the semiconductor and automotive sectors, particularly in AI computing and electric vehicles [14][36]. - The report advises investors to remain cautious and avoid blind chasing of high prices, while looking for structural optimization opportunities [9][14].

三、资金动向：主力调仓藏玄机，两大主线浮出水面 老铁们，早上打开行情软件是不是有点懵？昨天A股又玩起了"指数笑哈哈，个股苦兮兮"的分化戏码——创业板大涨1.58%创年内新高，沪指却原地踏步， 全市场超3800只股票下跌。我是帮主郑重，二十年财经老记者，专攻中长线投资。今天咱就从六大维度拆解市场，抓住节前最后的机会！ 一、外围市场：美股三连跌，但中概股显韧性 美股三大指数连续第三天收跌，科技股承压，甲骨文重挫5.6%。但中概股逆势走强，纳斯达克中国金龙指数微涨0.42%，蔚来、小鹏汽车涨超4%。外围波动 对A股影响有限，反而可能促使外资加速配置低估值中国资产。 二、政策面：制度型开放引爆长期利好 证监会主席吴清最新表态称，"十四五"期间外资持有A股市值已达3.4万亿元，新增13家外资控股机构来华展业。数字人民币国际运营中心正式落地上海，跨 境支付、区块链平台上线运行！这些政策不仅吸引外资流入，更为科技、绿色金融等赛道铺路。 六、操作策略：轻仓过节，聚焦"双核驱动" 节前，帮主建议三步走： 虽然全天主力资金净流出236亿元，但计算机行业逆势吸金11.95亿元，电力设备、传媒紧随其后。外资却偏谨慎，北向资金净流出1 ...

Market Overview - The Shanghai Composite Index closed at 3853.30 points, down 0.01%, with a trading volume of 1001.2 billion yuan [1] - The Shenzhen Component Index rose by 0.67% to 13445.90 points, with a trading volume of 1369.885 billion yuan [1] - The ChiNext Index increased by 1.58% to 3235.76 points, with a trading volume of 663.053 billion yuan [1] - The STAR 50 Index rose by 1.24% to 1474.49 points, with a trading volume of 102.9 billion yuan [1] - Total trading volume for both markets was 2371.085 billion yuan, an increase of 44.302 billion yuan from the previous trading day [1] Sector Performance - Strong sectors included Media, Non-ferrous Metals, Communication, Power Equipment, and Computer industries [2] - Weak sectors included Textiles, Precious Metals, Agriculture, Home Appliances, Transportation, Real Estate, Coal, and Banking [2] - A total of 1437 stocks rose while 3642 stocks fell, with 52 stocks hitting the daily limit up and 9 stocks hitting the limit down [2] Fund Flow Analysis - The net outflow of main funds from the Shanghai and Shenzhen markets was 23.6 billion yuan [5] - The ChiNext saw a net outflow of 8.927 billion yuan, while the CSI 300 experienced a net outflow of 0.627 billion yuan [5] - Eight sectors saw net inflows, with the Computer sector leading at 1.195 billion yuan, followed by Power Equipment, Media, and Communication [5] - The Electronics sector had the highest net outflow at 14.843 billion yuan, followed by Machinery, Chemicals, and Home Appliances [5] Individual Stock Performance - 86 stocks received net inflows exceeding 100 million yuan, with Inspur Information leading at 1.777 billion yuan [8] - Other notable stocks with significant inflows included NewEase Technology, Huagong Technology, and CATL [8] - 141 stocks experienced net outflows exceeding 100 million yuan, with Shenghong Technology leading at 1.62 billion yuan [11] - Other stocks with significant outflows included Heertai, XianDao Intelligent, and Longchuan Technology [11] Institutional Activity - Institutions had a net buy of 1.28 billion yuan, with Inspur Information being the top net buy at approximately 130 million yuan [14] - Other stocks with significant institutional net buying included Lixing Co., Hengerdai, and TCL Zhonghuan [14] - The most sold stock by institutions was Zhongheng Electric, with a net sell of approximately 144 million yuan [14]

Market Overview - The A-share market shows a mixed performance with the ChiNext Index reaching a three-year high, indicating a strong upward trend in the growth sector [1][4] - The Shanghai Composite Index closed at 3853.30, slightly down by 0.01%, while the ChiNext Index rose by 1.58% to 3235.76, reflecting a divergence in market sentiment [2][4] Sector Performance - The top-performing sectors include Media (up 2.23%), Communication (up 1.99%), and Non-ferrous Metals (up 1.87%), indicating strong investor interest in these areas [3] - Conversely, sectors such as Textiles and Apparel (down 1.45%) and Agriculture, Forestry, Animal Husbandry, and Fishery (down 1.22%) faced declines, suggesting a rotation away from these industries [3] Future Outlook - The report highlights a "slow bull" market characterized by a stable capital market and a need for further policy support to sustain growth [5] - The trading volume in the A-share market reached 2.37 trillion, marking the 11th consecutive day above 2 trillion, which indicates robust liquidity and investor engagement [6] - The market is expected to maintain a volatile pattern in the short term, influenced by ongoing U.S.-China trade negotiations and domestic policy developments [6] Investment Recommendations - The report suggests focusing on sectors such as Technology, Media, Telecommunications (TMT), Public Utilities, Non-ferrous Metals, and Financials for potential investment opportunities [6]