Group 1 - The core point of the news is that Yongding Co., Ltd. experienced a stock price increase of 5.34%, reaching 15.20 CNY per share, with a trading volume of 2.147 billion CNY and a turnover rate of 9.93%, resulting in a total market capitalization of 22.222 billion CNY [1] - Yongding Co., Ltd. is based in Suzhou, Jiangsu Province, and was established on June 30, 1994, with its stock listed on September 29, 1997. The company specializes in the research, production, and sales of communication products and software, overseas power engineering contracting, automotive wiring harnesses, and superconducting materials [1] - The revenue composition of Yongding Co., Ltd. includes automotive wiring harnesses (34.63%), power engineering (29.96%), optical communication (18.93%), superconducting and copper conductors (15.91%), and big data applications (0.58%) [1] Group 2 - From the perspective of fund holdings, one fund under Zhongyou Fund has a significant position in Yongding Co., Ltd. The Zhongyou Specialized and New One-Year Holding Period Mixed A Fund (015505) held 500,000 shares in the second quarter, accounting for 2.32% of the fund's net value, ranking as the eighth largest holding [2] - The Zhongyou Specialized and New One-Year Holding Period Mixed A Fund (015505) was established on September 14, 2022, with a current scale of 160 million CNY. The fund has achieved a return of 38.14% this year, ranking 2000 out of 8226 in its category, and a one-year return of 33.89%, ranking 2268 out of 8099 [2]

记者丨叶麦穗 编辑丨肖嘉 存款利率继续下滑。 融360数字科技研究院的监测数据显示， 2025年9月，银行整存整取存款3个月期平均利率为0.944%，6个月期平均利率为 1.147%，1年期平均利率为1.277%，2年期平均利率为1.367%，3年期平均利率为1.688%，5年期平均利率为1.519%。 和上个 月相比，3个月期下降0.1BP，6个月期下降0.2BP，1年期下降0.1BP，2年期下降0.1BP，3年期下降0.4BP，5年期下降0.1BP。 今年以来存款利率一直处于下降通道， 中长期利率全面进入"1时代"，一个值得注意的现象是，5年期限的平均利率和3年期限 的平均利率倒挂的情况依然明显。 开源证券分析师刘呈祥的观点表示，存款定价变化有优化负债结构的考虑。2025年内到期的高息长定存较多，而息差压力较 重，因此银行主观上有引导存款短期化的意愿，采用"做短压长"的策略，操作上可能通过给予短期定存激励，引导客户存款由 中长期向短期分流。银行负债策略隐含存款利率进一步下调预期。从历史规律来看，长期限定存的挂牌利率下调幅度较大，因 此若银行预期存款定价有进一步下调可能，将避免在降息环境中吸收过多长期存款。 ...

Core Viewpoint - The A-share market is experiencing a strong upward trend, with the Shanghai Composite Index approaching the 4000-point mark, reaching a recent ten-year high [2][5]. Market Performance - On October 27, the A-share market opened strongly, with the Shanghai Composite Index jumping high and nearing 4000 points [4]. - As of the midday close, the Shanghai Composite Index rose by 1.04% to 3991.35 points, while the Shenzhen Component Index increased by 1.26% to 13457.28 points, and the ChiNext Index rose by 1.54% to 3220.52 points [5][6]. Margin Trading - The margin trading balance in the A-share market has seen growth, reaching a total of 24571.9 billion yuan as of October 24, 2025, just shy of its historical high, with a single-day increase of 61.5 billion yuan [12][13]. Sector Performance - Major industry sectors showed a broad increase, with telecommunications, comprehensive, steel, public utilities, and non-ferrous metals leading the gains. In contrast, the media and electric equipment sectors performed relatively weakly [6]. Concept and Individual Stocks - Concept sectors such as photolithography machines, nickel metals, controllable nuclear fusion, lithium mines, and wind and sand governance saw significant gains. Conversely, horse racing concepts and ST stocks experienced declines [7]. - Notable individual stocks included Xinyi Technology, which surged over 11%, reaching a historical high, and Zhongji Xuchuang, which also hit a historical high [7]. Company Specifics - ShenKai Co., Ltd. experienced significant volatility, initially hitting the limit down before rebounding to a limit up, with a trading volume exceeding 20 billion yuan [9]. - ShenKai's Q3 2025 report indicated a revenue of 568 million yuan, a year-on-year increase of 14.47%, while net profit was 37.775 million yuan, up 86.46%. However, Q3 revenue saw a slight decline of 1.85% year-on-year, with net profit dropping by 75.18% [11].

Macro Commentary - The US September CPI year-on-year growth rate continues to rise slightly but is below market expectations, with core CPI showing a month-on-month slowdown [2] - The Federal Reserve is expected to focus more on employment risks, with a potential interest rate cut in October or December, targeting a year-end federal funds rate of 3.75%-4% [2] - The Chinese stock market saw gains, with sectors like materials, consumer discretionary, and information technology leading, while utilities, consumer staples, and real estate lagged [4] Industry Commentary - The MSCI China Healthcare Index has risen 58.6% since the beginning of 2025, outperforming the MSCI China Index by 24.2%, indicating a recovery in the pharmaceutical sector [5] - The CXO industry is expected to see performance recovery in the second half of 2025 due to a resurgence in demand for innovative drug development and a rebound in capital market financing [5] - The report highlights the importance of clinical progress for authorized innovative drug pipelines overseas as a catalyst for stock price increases [7] Company Commentary - Great Wall Motors reported a slight decline in gross margin in Q3 2025, with a 3.6% increase in average selling price, but net profit fell 50% to 2.3 billion yuan due to delays in tax refunds [9] - The company maintains a sales forecast of 1.35 million units for 2025, with expectations for Q4 sales to reach 430,000 units, reflecting an 11% year-on-year growth [9] - Xiaomi is expected to report a strong Q3 2025 performance, with a projected 60% year-on-year increase in adjusted net profit, driven by robust electric vehicle sales [14] - Weibo anticipates a 5% decline in total revenue for Q3 2025, primarily due to weaker advertising demand from certain industries [15]

Market Performance - The Shanghai and Shenzhen stock markets opened significantly higher on October 27, with the Shanghai Composite Index rising 1.04% to 3991.35 points and a trading volume of approximately 696.2 billion yuan [1] - The Shenzhen Component Index increased by 1.26% to 13457.28 points, with a trading volume of about 868.9 billion yuan, while the ChiNext Index rose 1.54% to 3220.52 points, with a trading volume of around 412.8 billion yuan [1] Sector Performance - The communication equipment, steel, and aquaculture sectors showed strong gains, while the wind power and gaming sectors experienced declines [1] - Technology sectors, including photolithography machines, storage chips, and semiconductors, initially surged before experiencing a pullback, followed by a rebound before the midday close [1] - Low P/E ratio sectors such as coal, banking, electricity, and oil saw initial adjustments but rebounded significantly [1] Individual Stock Highlights - Leading technology stocks continued their strong performance from the previous trading day, with several stocks, including New Yisheng and Jiangbo Long, reaching historical intraday highs [1] Economic Indicators - In September, profits of industrial enterprises above designated size increased by 21.6% year-on-year, with total profits for the first nine months reaching 537.32 billion yuan, a 3.2% increase year-on-year [4] - Among 41 major industrial sectors, 23 reported profit growth year-on-year, with 30 sectors showing profit increases in September, representing a growth rate of 73.2% [4] - Notable growth was observed in the aerospace industry, with profits in aerospace manufacturing rising by 11.3%, and significant increases in smart consumer devices and electronic components manufacturing profits by 81.6% and 39.7%, respectively [4]

Market Overview - On October 27, A-shares opened higher across the board, with notable gains in sectors such as communication equipment, semiconductors, CPO concepts, components, and electrical equipment [1] - Conversely, sectors like coal, banking, oil, and hotel catering experienced declines [1] Stock Performance - The stock of Xiangcai Co. (600095) saw a significant increase, reaching a peak of 14.57, marking a rise of 9.41% [2] - Securities stocks experienced a surge, with Xiangcai Co. hitting the limit up, and other securities firms like CITIC Securities, Dongxing Securities, GF Securities, and Guosen Securities also rising [3] Hong Kong Market - The Hang Seng Index and Hang Seng Tech Index both opened higher, with tech stocks continuing to rise; Alibaba increased by nearly 3% and Tencent by nearly 2% [4] - Pharmaceutical stocks rebounded, with WuXi AppTec rising by nearly 6%, and precious metals and other sectors saw broad gains, with Luoyang Molybdenum rising over 7% [4] Emerging Concepts - The controllable nuclear fusion concept stocks showed strong fluctuations, with Dongfang Tantalum rising for two consecutive days, and companies like Nuwai Co. and Anhui Instrument Technology hitting the limit up [6] - The Central Committee's proposal for the 15th Five-Year Plan emphasizes the development of future industries, including nuclear fusion energy, as a new economic growth point [8] Computing and Storage - Computing hardware stocks were active, with Dongtian Microelectronics rising over 16% and Shijia Photon increasing over 13% [9] - The storage chip sector was also lively, with Puran Co. surging by 10% to reach a new high, driven by major suppliers like Samsung and SK Hynix adjusting prices by up to 30% to meet the rising demand for AI-driven storage chips [10] Quantum Technology - Quantum technology stocks saw rapid growth, with Dahua Intelligent hitting three consecutive limits up, and companies like Geer Software and Keda Guochuang also rising [12] - Reports indicated that Google's quantum AI lab achieved a verifiable quantum advantage with its "Willow" chip, while China's telecom quantum research institute made breakthroughs in quantum communication [14] Lithium and Other Concepts - Lithium mining stocks rose, with Fangyuan Co. increasing over 12%, alongside other companies like Xinxinda and Guoxuan High-Tech showing significant gains [12] - The photoresist concept stocks opened significantly higher, with Tongcheng New Materials hitting the limit up and other companies like Aisen Co. and Jingrui Electric Materials rising over 10% [12]

Group 1 - The A-share market experienced a strong performance on October 27, with major indices rising significantly, including the ChiNext Index which surged over 2% and the Shanghai Composite Index approaching the 4000-point mark, reaching a new high for the year [1] - As of the report, the Shanghai Composite Index increased by 0.78%, the Shenzhen Component Index rose by 0.77%, and the ChiNext Index gained 0.84% [1] Group 2 - Zhongji Xuchuang's stock price has historically surpassed the 500 yuan mark for the first time, with a reported increase of 3.08%, reaching 509.22 yuan per share and a trading volume of 13.5 billion yuan [3]

10月27日，新易盛涨5.27%，截至发稿，报392.62元/股，成交145.22亿元，换手率4.14%，总市值 3902.53亿元。 朱璘累计任职时间6年218天，现任基金资产总规模186.66亿元，任职期间最佳基金回报94.43%， 任职 期间最差基金回报89.38%。 风险提示：市场有风险，投资需谨慎。本文为AI大模型自动发布，任何在本文出现的信息（包括但不 限于个股、评论、预测、图表、指标、理论、任何形式的表述等）均只作为参考，不构成个人投资建 议。 责任编辑：小浪快报 数据显示，睿远基金旗下1只基金重仓新易盛。睿远成长价值混合A（007119）二季度持有股数730.86万 股，占基金净值比例为4.97%，位居第六大重仓股。根据测算，今日浮盈赚取约1.44亿元。 睿远成长价值混合A（007119）成立日期2019年3月26日，最新规模168.39亿。今年以来收益62.68%， 同类排名462/8226；近一年收益59.12%，同类排名562/8099；成立以来收益94.43%。 睿远成长价值混合A（007119）基金经理为傅鹏博、朱璘。 截至发稿，傅鹏博累计任职时间16年288天，现任基金资产总规模1 ...

格隆汇10月27日｜中际旭创(300308.SZ)高开高走，一度涨4.25%至515元，历史首次突破500元关口，创 历史新高，市值突破5700亿元，年内累涨320%。 ...

10月27日，震有科技盘中下跌2.00%，截至10:10，报31.33元/股，成交1.46亿元，换手率2.38%，总市值 60.33亿元。 资金流向方面，主力资金净流出1728.12万元，特大单买入824.11万元，占比5.65%，卖出1393.23万元， 占比9.55%；大单买入2708.87万元，占比18.57%，卖出3867.87万元，占比26.51%。 震有科技今年以来股价涨7.44%，近5个交易日涨7.07%，近20日涨2.99%，近60日涨16.99%。 资料显示，深圳震有科技股份有限公司位于广东省深圳市光明区凤凰街道东坑社区光明凤凰广场2栋 2801，成立日期2005年4月4日，上市日期2020年7月22日，公司主营业务涉及通信系统设备相关产品的 研发、生产、销售与服务。主营业务收入构成为：数智网络及智慧应急系统41.27%，技术与维保服务 26.07%，光网络及接入系统19.13%，核心网系统10.86%，其他2.66%。 截至6月30日，震有科技股东户数1.22万，较上期增加22.24%；人均流通股15749股，较上期减少 18.64%。2025年1月-6月，震有科技实现营业收入3.50亿元 ...