A股三大股指高开后震荡走低，尾盘上涨修复。 沪指涨0.04%，收报3861.87点；深证成指涨0.45%，收报13063.97点；创业板指涨0.68%，收报3087.04 点。 今日机器人概念股午后全线爆发，带动全市场唯一规模超百亿的机器人ETF(562500)放量大涨3.75%， 年内涨38.69%，净值创历史新高。 马斯克在访谈中表示Optimus即将定型，并强调了灵巧手的核心难度，指向"缺乏供应链，市场高度关注 相关供应链潜在受益者，讨论从核心零部件（减速器、丝杠、传感器）延伸至新材料（腱绳、电子皮 肤）和新技术（轴向磁通电机）。 产业进展再度引起市场躁动，会带来一波新的行情吗？ 01 新催化 大科技今天集体爆发。 盘面上，行业板块多数收涨，电机、汽车零部件、房地产服务、物流行业、计算机设备、多元金融、消 费电子、纺织服装板块涨幅居前，保险、小金属板块跌幅居前。 具体来看，国产算力方向回暖，中科曙光、海光信息股价双双创历史新高；GPU概念股大涨，龙芯中科 涨超14%。 | 序号 | 代码 | 名称 | | 涨跌幅 √ | 总市值 | | --- | --- | --- | --- | --- | --- ...

作者 | 深鹏 数据支持 | 勾股大数 据（www.gogudata.com） A股三大股指高开后震荡走低，尾盘上涨修复。 沪指涨0.04%，收报3861.87点；深证成指涨0.45%，收报13063.97点；创业板指涨0.68%，收报3087.04点。 大科技今天集体爆发。 盘面上，行业板块多数收涨，电机、汽车零部件、房地产服务、物流行业、计算机设备、多元金融、消费电子、纺织服装板块涨幅居前，保 险、小金属板块跌幅居前。 今日机器人概念股 午后全线爆发，带动全市场唯一规模超百亿的 机器人ETF( 5 625 0 0) 放量大涨3.75%，年内涨38.69%，净值创历史新 高。 马斯克在访谈中表示Optimus即将定型，并强调了灵巧手的核心难度，指向"缺乏供应链，市场高度关注相关供应链潜在受益者，讨论从核心 零部件（减速器、丝杠、传感器）延伸至新材料（腱绳、电子皮肤）和新技术（轴向磁通电机）。 产业进展再度引起市场躁动，会带来一波新的行情吗？ 01 具体来看，国产算力方向回暖，中科曙光、海光信息股价双双创历史新高；GPU概念股大涨，龙芯中科涨超14%。 新催化 从年初阿里宣布未来三年投入3800亿元建设云和A ...

技术壁垒方面，公司创造了多项行业"首个"： 中国首个实现 TPMS SoC 及 BLE TPMS SoC 量产的供应 商，且是国内唯一一家为汽车 OEM 提供该类产品的企业；同时，作为全球首家推出 BPS SoC 的公司， 其 2024 年 BPS SoC 产品收入位居全球第一，亦是中国目前唯一拥有车规级无线 BMS 能力的公司。 财务画像：高增长与亏损并存，研发投入持续加码 财务数据显示，琻捷电子2022-2024年营业收入从1.04亿元跃升至3.48亿元，复合增长率达83%，2025年 上半年营收1.57亿元，同比增长27%。然而，公司仍处于战略亏损期，同期净亏损分别为2.06亿、3.56 亿、3.51亿元，2025年上半年亏损为1.43亿元。 2025年9月5日，汽车无线传感SoC（系统级芯片）厂商琻捷电子科技（江苏）股份有限公司正式向港交 所递交招股书，中金公司、招银国际担任联席保荐人。这家由复旦校友李梦雄博士创立的科技企业，凭 借在车规级芯片领域的突破性技术，成为年内第二家按港交所18C章节特专科技规则申请上市的公司。 行业地位：全球第三、中国第一的隐形冠军 根据弗若斯特沙利文报告，按2024年收入 ...

Group 1: Core Concept - The article discusses Trump's "American-style nationalization" policies, reflecting a significant shift in economic governance driven by his real estate developer mindset [3][4][13]. Group 2: Real Estate Developer Mindset - Trump's background as a real estate developer influences his governance approach, viewing everything as a negotiable asset and prioritizing immediate returns [4][7]. - The strategy includes converting subsidies into equity, treating key companies as "premium assets," and operating national strategies like business projects [4][7]. Group 3: National and Economic Security - The Trump administration emphasizes the importance of controlling strategic industries like semiconductors and rare earths to ensure national security [5]. - By acquiring stakes in companies like MP Materials, the government aims to reduce reliance on foreign sources, particularly China, and enhance supply chain security [5]. Group 4: Industrial Policy Reconstruction - Trump's approach represents a reaction against decades of neoliberal economic policies, seeking to bind companies more closely to government strategic goals through equity stakes rather than traditional subsidies [6][10]. - This shift marks a transition of the government from a "subsidizer" to a "strategic investor," emphasizing practical returns and national interests [7]. Group 5: Response to Chinese Competition - The administration's strategies include adopting elements of the "Chinese model" to maintain U.S. advantages in key technology sectors [8]. - By forming a "national team" and investing in critical companies, the government aims to consolidate resources for competitive advantage against China [8]. Group 6: Political Pragmatism - The policies are also driven by domestic political considerations, targeting key industries in swing states to secure voter support ahead of elections [9]. Group 7: Fiscal Pressures - The U.S. federal debt exceeding $37 trillion and increasing fiscal pressures motivate the shift towards equity-based funding, potentially transforming subsidies into assets [10]. Group 8: Controversies and Challenges - Trump's policies face criticism for undermining free market principles, creating conflicts of interest, and raising legal concerns regarding the use of subsidy funds [11][12]. - The approach may intensify global competition in industrial policy and national capitalism trends [12]. Group 9: Shift Towards National Capitalism - The combination of Trump's "America First" ideology and real estate mindset may lead the U.S. towards a "national capitalism" model, where the government plays a dominant role in the economy [13][14]. - This governance style raises questions about the future direction of the U.S. economic system, contrasting sharply with traditional free market ideals [14].

Core Viewpoint - The article discusses the challenges and opportunities in the chip inventory market, highlighting the need for effective promotion and sales strategies for surplus materials while also showcasing the capabilities of a specific company in managing and selling chip inventory. Group 1: Inventory Management - A significant amount of obsolete materials, totaling 100,000 units, is currently held in inventory, incurring monthly storage and capital costs of at least 5,000, leading to a potential loss of 30,000 after six months [1] - The company "Chip Superhero" has a smart warehouse base of 1,600 square meters, with over 1,000 stock models and a total inventory of 50 million chips valued at over 100 million [8] Group 2: Sales and Services - "Chip Superhero" has served a cumulative total of 21,000 users, offering discounts to clear inventory and promising transaction completion in as little as half a day [2][8] - The company provides a platform for users to find and sell hard-to-sell materials, emphasizing flexibility in pricing and sales strategies [2][8] Group 3: Product Offerings - The article lists various surplus materials available for sale, including specific brands and models, with quantities ranging from 1 to 30,000 units [5][6] - Additionally, there is a request for specific components, indicating ongoing demand in the market for certain chip models [7]

Core Viewpoint - Unisoc (紫光国微) is actively expanding its automotive chip business, achieving significant sales and technological advancements in the domestic automotive chip sector [1] Group 1: Automotive Chip Business - The company has established a leading position in the domestic automotive chip market, focusing on high-security chip solutions for automotive electronics [1] - Unisoc's automotive safety chip solutions have been successfully implemented in multiple leading Tier 1 suppliers and OEMs, with annual shipments reaching millions of units [1] - New domain control chip products have been introduced to several major Tier 1 suppliers and OEMs, indicating strong market penetration [1] Group 2: Core Business Focus - Unisoc concentrates on two main areas: special integrated circuits and intelligent security chips, while also engaging in quartz crystal frequency devices and power semiconductors [1] - The company's products are deeply integrated into various sectors, including mobile communications, finance, government, automotive, industrial, and the Internet of Things [1]

2025 年 9 月 13 日，中国商务部发布公告，对自美国进口的相关模拟芯片发起反倾销调 查，就美国对华集成电路领域相关措施发起反歧视立案调查。中国汽车工业协会对此高度关 注，坚决支持商务部依法采取必要措施。 汽车产业的技术进步与可持续发展，尤其需要开放、公平、非歧视的国际市场环境。中国 汽车工业协会呼吁国内外企业继续加强技术创新与产业链协同，深化在电动化、智能化等领 域的开放合作，共同推动全球汽车产业绿色、安全、高质量发展。 中汽协会数据 网址:www.auto-stats.org.cn 地址:北京市丰台区汽车博物馆东路 诺德中心11号楼33层 邮编:100160 电话:010-63979900-4196 传真: 010-63979900-4186 E-mail: hyxxb@caam.org.cn 来源：中国汽车工业协会 中国汽车工业协会将积极支持和配合调查机关的调查，坚定维护公平贸易和产业合法权 益。 2025 年 9 月 15 日 ...

（文章来源：证券时报网） 据天眼查APP显示，中科寒武纪科技股份有限公司成立于2016年03月15日。注册资本41835.0224万人民 币。（数据宝） 数据宝统计，截至14:16，寒武纪-U成交额165.99亿元，超上一日全天。最新股价上涨1.25%，换手率 2.69%。上一交易日该股全天成交额为165.64亿元。 ...

Group 1 - The Chinese Ministry of Commerce initiated anti-dumping investigations against U.S. imported analog chips and highlighted discriminatory barriers against Chinese integrated circuits [1][3] - The timing of these announcements coincided with a planned meeting between Chinese Vice Premier He Lifeng and U.S. Treasury Secretary, indicating a strategic response rather than a spontaneous action [3][5] - The import volume of U.S. analog chips to China surged by 37% from 2022 to 2024, while prices plummeted by 52%, with dumping margins from U.S. companies like Texas Instruments reaching 300%-450% [3][5] Group 2 - China's response is characterized as a counter-strategy to U.S. tactics of using low prices to undermine Chinese industries, signaling that negotiations can occur but must be free of unilateral sanctions [5][9] - The U.S. has added 13 Chinese companies to its "entity list," a tactic seen as a pressure tool to gain leverage in negotiations [7][9] - China publicly questioned the U.S. actions before the talks, indicating that such maneuvers could jeopardize the negotiations [9][11] Group 3 - China's approach is grounded in legal frameworks and international trade rules, asserting that U.S. practices violate World Trade Organization regulations [14][18] - The anti-dumping investigation is based on evidence that U.S. companies are selling chips at unreasonably low prices to eliminate local competition [16][18] - The U.S. has been accused of undermining free trade principles, while China positions itself as a defender of these rules [20][22] Group 4 - China's confidence in its negotiating position stems from its large market, growing industrial capabilities, and the wavering support of U.S. allies [23][26] - China is the largest buyer of chips globally, with over half of U.S. analog chip sales reliant on the Chinese market, making it a critical player for U.S. companies [23][25] - The shift in the global supply chain dynamics has reduced China's dependency on U.S. technology, with significant improvements in domestic production capabilities [28][30] Group 5 - The U.S. strategy of rallying allies against China is facing challenges, as countries like the EU and Japan are hesitant to sacrifice their economic ties with China [30][32] - China's recent actions signal a new baseline for negotiations, emphasizing equality and mutual respect, moving away from coercive tactics [32][34] - The expectation that the U.S. can intimidate China into concessions is no longer viable, indicating a shift in the balance of power in negotiations [34]

从基金十大重仓股角度 数据显示，国联基金旗下1只基金重仓寒武纪。国联上证科创板综合指数增强A（023911）二季度持有 股数6000股，占基金净值比例为0.7%，位居第二大重仓股。根据测算，今日浮盈赚取约44.42万元。 国联上证科创板综合指数增强A（023911）成立日期2025年6月4日，最新规模4.3亿。成立以来收益 28.26%。 国联上证科创板综合指数增强A（023911）基金经理为王喆、黄磊鑫。 9月16日，寒武纪涨5.14%，截至发稿，报1514.04元/股，成交150.61亿元，换手率2.44%，总市值 6333.99亿元。 截至发稿，王喆累计任职时间6年307天，现任基金资产总规模27.9亿元，任职期间最佳基金回报 106.32%， 任职期间最差基金回报-9.24%。 资料显示，中科寒武纪科技股份有限公司位于北京市海淀区知春路7号致真大厦D座5层、11-13层、16 层，成立日期2016年3月15日，上市日期2020年7月20日，公司主营业务涉及各类云服务器、边缘计算设 备、终端设备中人工智能核心芯片的研发、设计和销售。主营业务收入构成为：云端产品线99.62%， 其他(补充)0.32%，边 ...