商务部：前10月AI眼镜、智能手表等智能穿戴网上零售额同比增长23.1% 截至收盘，沪指报3931.05点，跌幅0.40%，成交额约7113亿元；深成指报12980.82点，跌幅0.76%，成 交额约9968亿元；创业板指报3042.34点，跌幅1.12%，成交额约4521亿元；科创综指报1561.89点，跌 幅1.05%，成交额约1427亿元；北证50指数报1445.54点，跌幅1.07%，成交额约146亿元。 机构观点 巨丰投顾：周四市场震荡运行，海南自贸区板块涨幅居前。 英伟达超预期财报成为市场情绪修复的催 化剂。强劲业绩印证了全球科技产业的复苏韧性。经历近期海内外的干扰以及持续的回撤之后，当前A 股迎来短期多重利好的叠加。在政策刺激下，A股与经济有望同步出现向上的拐点。具体投资方向上， 建议关注维持高景气度的半导体、消费电子、人工智能、机器人、低空经济等领域的增量机会。 中信证券："十五五"期间，预计以碳市场与绿证市场为核心的碳减排"工具箱"将得到全面升级：碳市场 扩容与配额调整推动2028年—2030年碳价上涨至80元／吨—90元／吨，助力控排行业淘汰落后产能；绿 证市场供需调整导致2026年绿证价 ...

人民财讯11月20日电，广东省人民政府印发《广东省国家数字经济创新发展试验区建设方案（2025— 2027年）》，其中提出，拓展终端产业新场景。积极推动人工智能与机器人产业创新发展，开展"人工 智能+"行动、"机器人+"行动。加快发展消费级智能终端产品创新，加速推动智能手机、智能电脑、智 能穿戴、智能家居、智能汽车、智能机器人等新技术新产品开发与应用推广。深化"直播+商场""直播 +门店"等模式，挖掘更多消费热点，探索线上线下（300959）融合发展可行路径。壮大超高清视频产 业集群，大力发展OLED（有机发光二极管）、AMOLED（有源矩阵有机发光二极体）、MicroLED （微型发光二极管）、印刷显示、量子点、柔性显示等新型显示产业，挖掘重点行业应用场景。推动电 动垂直起降航空器、飞行汽车、通航飞行器、非载人无人机等产业规模化发展，开展低空文旅项目推广 及产业培育，建设国家低空经济产业综合示范区。 ...

具体看，6个子行业前三季度均实现营收、归母净利润同比增长，除光学光电子、电子化学品以外，其 他子行业收入增速超10%，且全部子行业均实现利润双位数增长。其中，光学光电子、半导体、元件板 块利润增速较快，盈利能力迅速提升。在自主可控、国产替代大潮下，电子行业整体景气度提升、盈利 能力改善趋势确定。 半导体：自主可控加速，景气度提升 2025年前三季度，半导体板块实现营业收入5013亿元，较2024年同期4381.01亿元增长14.43%，保持双 位数增长;实现归母净利润438.98亿元，较2024年同期292.94亿元大幅增长49.85%，增速进一步提升。分 季度看，半导体板块2025Q3实现营收1788.03亿元，同比增长12.55%，增速略有放缓，但2025Q3环比 2025Q2仍增长4.32%。2025Q3实现归母净利润197.54亿元，同比大幅增长73.15%，环比2025Q2增长 32.16%。 消费电子：景气度逐步提升，零部件率先复苏 2025年前三季度，电子行业实现营收、利润双增，利润增速快于收入，且环比增速持续加快，行业景气 度提升 2025年前三季度，消费电子板块实现营业收入1.48万亿元，较 ...

" 三季度财报不是一份成绩单，更像是小米下一阶段增长曲线的预 告片。 " 作者丨王瑞昊 编辑丨李雨晨 11月18日，小米公布了2025年第三季度财报，整体表现全面超出市场预期。 三季度，小米总收入达到1131亿元人民币，同比增长22.3%，这是公司连续第四个季度收入突破千亿大关。 毛利率方面，三季度整体毛利率达到22.9%，同比提升2.5个百分点，刷新历史纪录。 净利润同样创下新高，经调整净利润同比大幅增长81%，达到113亿元，连续四个季度刷新纪录。值得一提的是，小米Q3净利润远超各大投行预期：高盛此 前预测约101亿元，同比增长约61%，摩根士丹利预计约101.14亿元，同比增长约61.8%。 | 营收人民币 | 季度经调净利持续增长 | | | --- | --- | --- | | 1131 77 | 单位:人民币(亿元),同比增长(%) | | | 同比增长 | 113 | | | | 108 107 | . | | 22.3% | | 80.9% | | | 75.4% 64.5% | | | 经调整净利润人民币 | | | | 113 77 | | | | 同比增长 | | | | 80.9% ...

Group 1 - Elon Musk expressed willingness to collaborate with Apple to enhance Siri by integrating Grok AI developed by xAI, responding to user criticism of Siri's outdated performance [2] - Samsung plans to increase its monthly production capacity of 10nm sixth-generation DRAM to 200,000 wafers by the end of 2026 to regain market leadership in DRAM [3] - The price for a luxury suite on the Antarctic cruise taken by New Oriental founder Yu Minhong is approximately 1.48 million yuan, with a waiting period of two years for a trip [4] Group 2 - Drewry's Asia Container Freight Index (IACI) rose by 24% in the first half of November, reaching $630 per FEU, influenced by seasonal demand and shipping companies' measures to boost rates [5] - The ticket refund rate for the anime film "Demon Slayer: Infinity Castle Chapter 1" increased from 3.2% to 7.6% between November 18 and 21, indicating a significant drop in audience attendance [7] - The launch of the Lantu Taishan, the first domestic SUV equipped with a three-chamber air suspension, is priced between 379,900 yuan and 509,900 yuan, featuring advanced driving modes and Huawei's latest driving assistance technology [8] Group 3 - Foshan introduced 12 new policies to promote a stable and healthy real estate market, allowing employees to convert commercial loans to public housing fund loans for second homes [9] - Intel CEO Pat Gelsinger highlighted the 40th anniversary of Intel's entry into the Chinese market, emphasizing collaboration in AI and innovation for the next 40 years [10] - AliExpress Brazil set a record for single-day sales on November 11, achieving the highest sales since its launch in 2013 [11] Group 4 - As of October 2023, China's electric vehicle charging infrastructure reached 18.645 million units, a year-on-year increase of 54%, with public charging facilities accounting for 4.533 million units [12] - The Ministry of Finance announced the early allocation of part of the 2026 budget for central financial support for urban housing security projects [13] - A UN report indicated that nearly half of the global population now resides in urban areas, with the number of megacities quadrupling since 1950 [14]

- The report includes the construction of the RSI (Relative Strength Index) factor, which is calculated using the formula: $ RSI = 100 - 100 / (1 + RS) $, where RS represents the ratio of average gains to average losses over a 12-day period. RSI values above 70 indicate an overbought market, while values below 30 suggest an oversold market [2] - The report also introduces the calculation of net subscription (NETBUY), defined as $ NETBUY(T) = NAV(T) - NAV(T-1) * (1 + R(T)) $, where NETBUY(T) represents the net subscription amount, NAV(T) is the ETF's net asset value on day T, and R(T) is the return on day T [2] - The report tracks various ETFs categorized into "Broad-based" and "Thematic" indices, such as CSI 300, CSI 500, and industry-specific indices like non-bank financials, dividends, and China internet sectors. It provides daily performance metrics, including RSI values, net subscription amounts, and institutional holding percentages [2][4][7] - The RSI factor is evaluated as a useful indicator for identifying market conditions, such as overbought or oversold states, aiding in short-term trading decisions [2] - The net subscription metric is assessed as a valuable measure for understanding fund flows and investor sentiment towards specific ETFs [2] - RSI values for various ETFs range from 11.05 to 77.25, reflecting diverse market conditions across different indices and sectors [4][7] - Net subscription values vary significantly, with some ETFs showing positive inflows while others exhibit outflows, indicating mixed investor sentiment across different funds [4][7]

值得注意的是，联想近年来正加速布局AI基础设施领域，试图从传统的个人电脑制造商向"智能算力服 务商"转型。此次签约不仅是应对短期挑战的举措，更可能是其长期战略布局的重要一步。 业内专家认为，随着AI普惠进程加快，未来将有更多企业加入这场"算力竞赛"，而供应链安全将成为决 定成败的关键因素之一。联想集团作为Gartner全球供应链排名前8及全球PC市占率第一的头部企业，其 强大的供应链韧性及出货能力让其对供应链具有足够的话语权，得以更为有效的应对市场波动。 杨元庆强调，作为核心零部件的大买家，联想能够在供应链谈判中占据更主动的位置，这本身就是应对 市场波动的重要优势。比如在PC领域，庞大的采购量不仅能获得更优的价格成本，还能与供应商建立 更深的战略绑定，这是中小玩家难以比拟的"规模护城河"。 "我们已与核心零部件供应商签订了最优合约，确保明年有足够的供应保障。"联想集团董事长兼首CEO 杨元庆在发布公司第二季度财报后向媒体透露。 近期，全球存储芯片价格正因数据中心运营商对构建人工智能服务器的需求激增而不断攀升。三星电子 (005930.KS)等芯片制造商已将产能转向高带宽存储(HBM)，该技术广泛应用于AI芯片 ...

Market Overview - A total of 39 stocks reached the daily limit up today, with 8 stocks on consecutive limit up and 32 stocks failing to maintain the limit, resulting in a limit up rate of 55% (excluding ST and delisted stocks) [1] Key Stocks - HeFu China resumed trading and achieved a limit up for the 13th time in 15 days [1][20] - Zhongshui Fishery advanced to a 5-day consecutive limit up [1][20] - Rongji Software, an AI application stock with Fujian attributes, achieved a 4-day consecutive limit up [1][20] Sector Performance Real Estate Sector - The real estate sector saw several stocks hitting the limit up, including: - Wo Ai Wo Jia with a limit up of 10.03% [6] - Shi Lian Hang with a limit up of 10.16% [6] - San Liu Wu Wang with a limit up of 20.00% [6] - Fu Xing Shares with a limit up of 10.16% [6] - From January to October, the nationwide second-hand housing transaction area increased by 4.7% year-on-year, with second-hand housing accounting for 44.8% of total transactions [5] AI Applications - Stocks related to AI applications performed well, with: - Rongji Software achieving a 4-day consecutive limit up [10] - Wan Tong Technology hitting a limit up of 10.04% [16] Chip Industry - The chip industry is highlighted by the upcoming seminar on advanced technologies and applications in photolithography and integrated circuit materials [17] Other Notable Stocks - Guofeng New Materials achieved a 2-day consecutive limit up of 10.04% due to its involvement in photolithography [18] - Hainan Haiyao reached a 5-day consecutive limit up of 10.00% related to cold medicine [12]

Group 1 - The Hong Kong stock market experienced a decline, with the Hang Seng Technology Index dropping over 1% on November 20, 2023, despite some leading stocks like Midea Group and Baidu Group performing well [1] - Southbound capital has been consistently net buying Hong Kong stocks for four consecutive trading days, indicating a potential shift in investment patterns towards Hong Kong equities [1] - The liquidity impact from the Federal Reserve's diminishing rate cut expectations may affect the Hong Kong market, which has a high proportion of foreign capital [1] Group 2 - The Hong Kong stock market is expected to benefit from the continuous inflow of liquidity from both domestic and international markets, particularly in the AI sector and technology industry [2] - The latest valuation of the Hang Seng Technology Index ETF is 21.74 times P/E, which is lower than other major global technology indices, indicating a significant valuation discount [2] - The Hang Seng Technology Index is currently in a historically undervalued range, suggesting a strong potential for upward momentum due to its high elasticity and growth characteristics [2]

IT之家 11 月 20 日消息，小米集团 11 月 19 日晚发布公告宣布，公司根据 2023 年股份计划奖励合共 29366734 奖励股份予 3334 名选定 参与者，包括集团雇员及服务供应商。 以小米集团当日的港股收盘价每股 38.82 港元测算，本次授予股份的总价值约 11.4 亿港元（IT之家注：现汇率约合 10.41 亿元人民 币），平均每名选定参与者 34.19 万港元（现汇率约合 31.2 万元人民币）。 此外，小米香港根据 2024 年小米香港股份计划授出合共 496300 份小米香港购股权予 3 名为小米香港集团雇员的小米香港选定参与 者。 据IT之家此前报道，小米集团第三季度营收 1131.2 亿元人民币，同比增长 22.3%，预估 1125 亿元人民币；经调整净利润为人民币 113 亿元，创历史新高，同比增长 80.9%。 业务分部来看，2025 年第三季度，小米集团手机 ×AIoT 分部收入为人民币 841 亿元，同比增长 1.6%；小米集团的「智能电动汽车及 AI 等创新业务」分部收入为人民币 290 亿元，创历史新高，同比增长 199.2%。 ...