以最新收盘价计算，科创板平均股价为44.41元，其中股价超100元的有86只，股价最高的是寒武纪-U。 科创板百元股一览 科创板股中，收盘价最高的是寒武纪-U，今日报收1390.00元，上涨2.54%，其次是源杰科技、摩尔线 程-U等，最新收盘价分别为664.00元、619.65元。 科创板百元股中，今日平均上涨4.12%，具体来看，今日上涨的有74只，涨幅居前的有普冉股份、中微 公司、开普云等。下跌的有12只，跌幅居前的有铂力特、步科股份、星环科技-U等。 向前追溯发现，科创板百元股最新收盘价相对发行价平均溢价491.19%，溢价幅度居前的有上纬新材、 寒武纪-U、安集科技等，溢价幅度分别为5123.63%、2058.72%、1697.97%。 以申万一级行业分类，科创板百元股较为集中的行业有电子、计算机、机械设备等，分别有44只、11 只、10只股票上榜。 资金流向方面，科创板百元股今日主力资金合计净流入24.20亿元，净流入资金居前的有中芯国际、寒 武纪-U、澜起科技等，净流入资金分别为{6}；净流出资金居前的有金山办公、东芯股份、绿的谐波 等，净流出资金分别为42943.54万元、22228.39万元 ...

New Stock Performance - Five new stocks were listed last week (December 29 - January 2), with an average first-day price increase of 316.13%[3] - All five new stocks had first-day gains exceeding 100%, including 蘅东光 (878.16%), 新广益 (225.22%), 强一股份 (165.61%), 誉帆科技 (124.36%), and 双欣环保 (187.30%)[5][6] Weekly New Stock Trends - The number of new stocks listed last week remained the same as the previous week, but the total fundraising amount increased by 3.146 billion yuan[4] - There were no first-day price drops for new stocks in either week, and the number of stocks with first-day gains over 100% remained unchanged[4] Monthly New Stock Overview - In December, 18 new stocks were listed, raising a total of 31.411 billion yuan, with a first-day price drop rate of 0% and all stocks showing gains over 100%[12] - The average first-day price increase for December was 298.63%, compared to 327.58% in November and 244.64% in October[12] Upcoming New Stock Listings - One new stock, 陕西旅游, is set to be listed on January 6, 2026, with an issue price of 80.44 yuan and a P/E ratio of 12.37[19][20] - Two new stocks are available for subscription this week, including 至信股份 (14.49 million yuan) and 科马材料 (2.44 million yuan)[21] Risk Considerations - The report indicates a medium-high risk level for new stock investments, highlighting potential market volatility and performance risks post-listing[5][22]

节前转债有所回调，转债 ETF 出现积极变化 ——可转债周报（2025.12.29-2026.1.4） 核心观点 关注东方金诚公众号 获取更多研究报告 ·· 作者 东方金诚 研究发展部 分析师 翟恬甜 副总经理 曹源源 上周，《关于 2026 年实施大规模设备更新和消费品以旧换 新政策的通知》发布，明确 2026 年"两新"政策的支持范 围、补贴标准和工作要求；《关于促进电网高质量发展的指 导意见》发布，明确 2030 年新能源发电量占比达到 30%左右； 证监会修订发布《公开募集证券投资基金销售费用管理规 定》，对赎回费收取方式进行了分类优化。 时间 2026 年 1 月 5 日 二级市场方面：上周，节前权益市场量能放大，震荡分化， 转债跟随正股有所回调。结构上看，上周低评级转债表现占 优，中价转债也逆势收涨，而高价转债明显跑输。转债 ETF 上周出现积极变化，博时中证可转债 ETF 净赎回规模显著缩 减至 5.65 亿元，海富通上证可转债 ETF 上周净申购转债 4.98 亿元，显示配置型资金已开始陆续布局。 展望后市，近期市场量能有所放大，结合元旦假期期间港股 强势表现，短期内正股对转债的拉动作用预计较 ...

Core Viewpoint - The continuous decline in the number of shareholders for certain companies indicates a trend of increasing concentration of shares, with 26 companies experiencing a decrease for more than three consecutive periods, and some, like Zhukebo Design, seeing a drop for 12 consecutive periods [1]. Group 1: Shareholder Trends - A total of 176 companies reported their latest shareholder numbers as of December 31, with 26 companies showing a continuous decline in shareholder numbers for over three periods [1]. - Notable companies with significant declines include Zhukebo Design, which has 10,500 shareholders (down 28.08% over 12 periods), and Dongruan Zhaibo, with 32,425 shareholders (down 11.67% over 9 periods) [1]. - Other companies with notable declines in shareholder numbers include Guotou Fengle, Changyuan Electric, and Li Xinengyuan [1]. Group 2: Market Performance - Among the companies with declining shareholder numbers, 6 have seen their stock prices rise, while 20 have experienced declines, with notable increases for Vanadium Titanium Co. (up 4.90%), Xingfa Group (up 3.89%), and COFCO Capital (up 2.94%) [2]. - Only 3 companies outperformed the Shanghai Composite Index during this period, representing 11.54% of the group, with Xingfa Group, Hongming Co., and Vanadium Titanium Co. showing relative returns of 3.77%, 2.76%, and 1.43%, respectively [2]. Group 3: Institutional Interest - In the past month, 6 companies with declining shareholder numbers have been subject to institutional research, with Xingfa Group, Chenshank Technology, and Li Xinengyuan attracting the most attention from institutions, with 95, 32, and 4 institutions participating in their research, respectively [2].

证券研究报告 | 策略点评 2026 年 01 月 05 日 投资要点 分析师：孟之绪 执业编号：S0300524080001 电话： 邮箱：mengzhixu@ykzq.com 投资策略研究 粤开市场日报-20260105 今日关注 指数涨跌情况：今日 A 股主要指数普遍上涨。截止收盘，沪指上涨 1.38%，收 报 4023.42 点；深证成指涨 2.24%，收报 13828.63 点；创业板指涨 2.85%， 收报 3294.55；科创 50 指数涨 4.41%，收报 1403.41 点。总体上，全天个股 涨多跌少，Wind 数据显示，全市场 4180 只个股上涨，仅 1162 只个股下跌， 117 只个股收平。沪深两市今日成交额合计 25463 亿元，较上个交易日放量 5011 亿元。 行业涨跌情况：今日申万一级行业涨多跌少，传媒、医药生物、电子、非银 金融、计算机行业领涨，涨幅分别为 4.12%、3.85%、3.69%、3.14%、2.71%， 石油石化、银行、交通运输、商贸零售行业领跌，跌幅分别为 1.29%、0.34%、 0.30%、0.17%。 概念板块涨跌情况：今日涨幅居前的概念板块为脑机接口 ...

通过天眼查大数据分析，苏州密位科技有限公司专利信息11条，此外企业还拥有行政许可5个。 天眼查信息显示，苏州密位科技有限公司的股东为：上海南七里科技有限公司。 来源：市场资讯 1月4日，天眼查融资历程显示，苏州密位科技有限公司近日获得"Pre-A轮"融资，涉及融资金额数千万 人民币，投资机构为密位科技完成数千万元 Pre-A 轮融资，加码太空智能计算赛道。 资料显示，苏州密位科技有限公司法定代表人为王子彦，成立于2018年，位于苏州市，是一家以从事计 算机、通信和其他电子设备制造业为主的企业。企业注册资本1000万人民币，并已于2026年完成了Pre- A轮，交易金额数千万人民币。 ...

（文章来源：每日经济新闻） 科创50ETF（588000）追踪科创50指数，指数持仓电子行业66.39%，计算机行业4.73%，合计71.12%， 与当前人工智能、机器人等前沿产业的发展方向高度契合。同时涉及半导体、医疗器械、软件开发、光 伏设备等多个细分领域，硬科技含量高，看好中国硬科技长期发展前景的投资者建议持续关注。 1月5日午后，科创50ETF（588000）涨幅扩大至4.16%，成分股中仅2只个股下跌。盘面上，半导体板块 活跃，中微公司大涨14.03%，澜起科技上涨7.98%，柏楚电子上涨7.93%，佰维存储上涨7.83%，金山办 公、拓荆科技等涨超6%；截至发文，科创50ETF（588000）成交额达50.52亿元。 展望后市，浙商证券认为，2025年半导体设备指数显著跑赢大盘，当前估值处于28%分位点。其中前道 设备营收持续高增长，利润增速结构性放缓；后道设备迎来爆发式增长，净利率显著提升，行业呈现高 景气态势。 ...

Group 1 - The core viewpoint of the article highlights a strong rebound in the technology sector on the first trading day of the year, with the Shanghai Composite Index successfully surpassing 4000 points and the ChiNext Index breaking through 3200 points, driven by robust performance in AI-related stocks [1] - The CES (Consumer Electronics Show), described as the "Spring Festival Gala" of the tech industry, is set to take place from January 6 to 9, showcasing cutting-edge AI hardware and attracting global investors and consumers [1] - The Kexin AI ETF (589380) tracks the Shanghai Stock Exchange's AI Index, covering the entire AI industry chain, including upstream computing chips, midstream cloud computing, and downstream robotics, with a significant focus on high-growth sectors like semiconductors and computing [1] Group 2 - The Kexin AI ETF (589380) recorded a gain of 4.12%, while other ETFs such as the Xinchuang ETF (159538) and Technology 50 ETF (515750) also showed strong performance with gains of 3.77% and 3.65% respectively [1] - Notable individual stock performances include Zhongwei Company, which surged over 12%, and Lanke Technology, which increased by more than 8% [1] - The Kexin AI ETF is accessible to retail investors through its connection classes (A class 024763; C class 024764), providing opportunities for investment in the AI sector [1]

2025年12月29日，IBM现任CEO阿尔温德·克里希纳向全体员工发出一封邮件，宣告了管理界一位传奇管理巨匠的落幕： 曾于1993年至2002年力挽狂澜、带领IBM走出绝境的董事长兼CEO路易斯·郭士纳，于当地时间12月27日逝世，享年83岁。 邮件中，克里希纳将郭士纳称为"蓝色巨人救世主"。这个称号，他当之无愧。 时间倒回1993年4月1日，愚人节。 郭士纳走进IBM纽约总部大楼的场景，与其说这是历史性的交接，不如说更像一个行业笑话。 这位51岁的经理人有着光线的履历：哈佛商学院MBA毕业，28岁成为麦肯锡史上最年轻的合伙人；在美国运通工作的11年间，他把信用卡会员数从860万拉升到 3070万；1989年，47岁的他出任全球最大食品烟草公司RJR纳贝斯克的掌门人。 然而，在入主IBM之前，郭士纳在科技领域的经验为零。他和计算机世界唯一的联系，只是曾经是IBM的客户。 彼时他即将接手的，是一个深陷泥潭的巨人： 股价暴跌至每股13美元，仅为1987年峰值时的28%；公司在1992年巨亏50亿美元，1993年亏损更达81亿美元，连续三年累计亏损168亿美元，创下美国企业史上第 二大亏损纪录。全球商学院争相剖析 ...

Market Performance - On January 5, A-shares saw a collective rise in the three major indices, with the Shanghai Composite Index increasing by 0.93% [1] - The CSI 1000 ETF (159845) rose by 1.37%, while other broad indices such as the SSE 50, CSI 300, and CSI 500 increased by 1.78%, 1.50%, and 2.01% respectively [1] ETF and Stock Performance - The CSI 1000 ETF's top 50 weighted stocks showed significant gains, with notable increases from Daoshitechnology (up 13.12%), Shannon Chip (up 10.67%), Huahong Semiconductor (up 9.25%), and Demingli (up 7.14%) [2] - Conversely, Changxin Bochuang and Tonghua Jinma experienced declines of -3.19% and -2.44% respectively [2] Industry Performance - Key industries within the CSI 1000 ETF saw positive movements, with Electronics up 3.24%, Power Equipment up 1.56%, Pharmaceutical and Biological up 3.30%, Computers up 1.79%, and Machinery Equipment up 1.26% [3] - The CSI 1000 ETF recorded a net inflow of 1.135 billion yuan over the last five trading days and 1.567 billion yuan over the last ten days, with a total scale reaching 49.908 billion yuan, reflecting a growth of 5.337 billion yuan in the past month [3] Policy and Market Outlook - The Ministry of Commerce and nine other departments released a notice on January 5 to implement green consumption initiatives, focusing on enhancing the supply of green products and services, innovating consumption models, and optimizing the consumption environment [3] - Guotai Junan expressed optimism regarding technology, non-bank financials, and consumer sectors, highlighting strong and certain trends in emerging technology and capital goods under the backdrop of AI and industrialization in emerging markets [3] - The CSI 1000 Index, which the CSI 1000 ETF closely tracks, consists of 1,000 small-cap stocks that reflect the price performance of a segment of the A-share market [3]