2月25日，富春股份涨0.00%，成交额2.34亿元。两融数据显示，当日富春股份获融资买入额3279.45万 元，融资偿还2141.02万元，融资净买入1138.43万元。截至2月25日，富春股份融资融券余额合计3.20亿 元。 机构持仓方面，截止2025年9月30日，富春股份十大流通股东中，华夏中证动漫游戏ETF（159869）位 居第四大流通股东，持股1585.71万股，相比上期增加266.26万股。国泰中证动漫游戏ETF（516010）位 居第八大流通股东，持股446.45万股，相比上期增加48.39万股。 声明：市场有风险，投资需谨慎。本文基于第三方数据库自动发布，不代表新浪财经观点，任何在本文 出现的信息均只作为参考，不构成个人投资建议。如有出入请以实际公告为准。如有疑问，请联系 biz@staff.sina.com.cn。 责任编辑：小浪快报 资料显示，富春科技股份有限公司位于福建省福州市鼓楼区铜盘路软件大道89号C区25号楼，成立日期 2001年3月2日，上市日期2012年3月19日，公司主营业务涉及通信网络规划设计服务。主营业务收入构 成为：游戏产品64.97%，技术服务及配套31.50%，其 ...

转自：新华财经 •商务部：希望美方客观理性看待中美第一阶段经贸协议实施问题 •水利部印发意见 推动重大引调水工程受水区落实节水优先方针 •上海发布楼市"沪七条" 进一步调减住房限购政策 •香港特区政府财政司司长陈茂波25日在特区立法会发表2026/2027财政年度特区政府财政预算案。陈茂波预测，综合各种因素，预计今年香港经济增长2.5% 至3.5%，基本通胀率和整体通胀率分别为1.7%和1.8%。就中期而言，预测香港经济在2027至2030年间平均每年实质增长3%，基本通胀率预计为平均每年 2%。（新华财经） •2月25日中午，国务院总理李强在北京人民大会堂同来华进行正式访问的德国总理默茨举行会谈。李强指出，今年是中国"十五五"开局之年，未来5年，中 德经贸合作将迎来更多机遇。中方愿同德方用好两国政府磋商等对话机制，加强发展战略对接和政策沟通协调，做大做优两国贸易蛋糕，推动汽车、化工等 传统合作焕新增效，拓展人工智能、生物医药等新兴领域合作，培育更多新的经济增长点。（新华社） •2月25日下午，国务院总理李强在北京人民大会堂同德国总理默茨共同出席中德经济顾问委员会座谈会。60余位中德企业代表出席。李强指出，目 ...

Core Insights - The report highlights the performance of various sectors in the A-share market, indicating a mixed trend with certain industries like battery and communication resources leading the gains while others like tourism and media lag behind [6][9][10] - The report emphasizes the importance of macroeconomic data and policy changes in shaping market expectations and investment strategies [8][12][20] Domestic Market Performance - The Shanghai Composite Index closed at 4,147.23 with a gain of 0.72%, while the Shenzhen Component Index closed at 14,475.87 with a gain of 1.29% [4] - The average P/E ratios for the Shanghai Composite and ChiNext are 16.93 and 53.12 respectively, indicating a favorable long-term investment environment [8][12] International Market Performance - Major international indices such as the Dow Jones and S&P 500 experienced declines of 0.67% and 0.45% respectively, reflecting a cautious global market sentiment [5] Industry Analysis - The aerospace and media sectors are noted for their strong performance, while the film industry faced a disappointing Spring Festival box office, with total revenue down 40.09% year-on-year [14][15] - The automotive industry is projected to benefit from policies promoting vehicle upgrades, with a target of replacing 500,000 vehicles by the end of 2026 [6][20] Investment Recommendations - The report suggests focusing on sectors such as electric batteries, communication devices, and aerospace for short-term investment opportunities due to their current market strength [12][20] - In the automotive sector, the report recommends monitoring companies involved in intelligent driving and robotics, as these areas are expected to see significant growth [20][28] Key Data Updates - The report notes that the automotive industry saw stable production and sales figures in January 2026, with a total of 245,000 vehicles produced and 234,700 sold [18] - The battery sector reported a 3.31% increase in the index, with a total of 94,500 electric vehicles sold in January, indicating a slight year-on-year increase [37]

个股层面呈现普涨格局，全天共计4006只个股收涨，涨停股109只；1392只个股收跌，21只个股跌停。 从热门交易个股来看，日成交额超100亿元的个股共计4只。CPO概念股"易中天"组合表现亮眼：中际旭 创收涨4.33%报554元/股，天孚通信收涨12.65%报351.01元/股。此外，润泽科技涨逾13%。 31个申万一级行业中，传媒板块跌幅超过3%，计算机、商贸零售、食品饮料也收跌。 2月24日，A股迎来马年首个交易日，市场呈现"开门红"态势。全天成交额放量至2.22万亿元，超过4000 只个股上涨，市场氛围积极。受访人士指出，A股节后有望延续震荡上行格局，但行情性质与核心驱动 力或将发生切换。 石油等资源股爆发 2月24日，A股高开高走，指数、板块及个股收涨居多，沪指涨0.87%报4117.41点，创业板指涨0.99%报 3308.26点，深证成指涨1.36%。上证50、北证50微红，沪深300涨幅超1%，科创50微跌。 市场交投活跃度提升，成交额较前一交易日增加2193亿元，全天成交达2.22万亿元。值得注意的是，春 节前杠杆资金热度持续降温，截至2月13日，沪深北三市两融余额降至2.59万亿元。 A股 ...

（来源：市场星报） 整体而言，节后红包行情虽如期而至，但分化格局略超节前市场预期。这种强弱分明的分化背后或许并 非偶然，而是节前行情提前演绎、海外事件催化、业绩披露窗口期临近等多重因素共振的结果，也揭示 了当前资金从情绪驱动的题材炒作，转向基本面支撑的确定性配置的核心思路。 A股三大指数周三集体上涨，截至收盘，沪指涨0.72%，收报4147.23点；深证成指涨1.29%，收报 14475.87点；创业板指涨1.41%，收报3354.82点。沪深京三市成交额达到24812亿元，较昨日放量2628 亿元。个股方面，上涨股票数量超过3700只，逾百股涨停。 周三，尽管A股午后冲高回落，但市场仍如期迎来节后两连涨，整体呈现"结构性红包"行情。盘面上， 稀土、磷化工、锂矿、航运、油气等顺周期细分板块表现突出，涨幅位居前列；与之形成鲜明对比的 是，传媒、银行、通信及家用电器等板块走势疲软，纷纷走低，市场分化特征十分明显。值得注意的 是，节后两日的反弹行情中，这种分化态势尤为突出。前期备受市场追捧的春节题材股全线回落，而以 涨价逻辑为核心的顺周期板块则连续两日领涨，成为资金布局的核心主线。其中，周期类板块多点开 花、持续强 ...

从智能酿造到先进制造，再到蓬勃崛起的智算集群，一场围绕1毫秒（ms，1秒等于1000毫秒）时延的 城市算力网络设施建设正在全国铺开。通过一根根"信息动脉"，算力被源源不断地输送，支撑我国人工 智能产业发展。 近日，《证券日报》记者深入上海、成都等地产业链核心腹地，探寻1毫秒时延如何打通从城市算网中 心到企业车间的"毛细血管"，洞察算网融合建设浪潮下产城融合的质变之路。 工厂里的"算力突围" 本报记者 贾丽 在福建滨海产业新城，百威雪津啤酒有限公司亚太地区产能最大的啤酒制造旗舰基地，正通过5G工业 互联网以毫秒级的数据传输驾驭着日均2550吨的产能；在湖北岚图汽车科技股份有限公司国家级智能工 厂，超900台工业机器人"团队"与自动化产线"同频共振"，协同精度可达毫秒级，平均每63秒就能下线 一辆整车…… 四川长虹相关负责人表示："我们正在让AI重构制造的'神经系统'，这也触发了深层次的组织流程变 革，从而确保最懂业务的人能依托毫秒级更新的数据，第一时间做出最优判断。" "算网协同"重构算力供给 "以前我们想用AI做工业质检，但高清图像传输到云端再返回结果，时延往往达几十毫秒甚至上百毫 秒，极大影响高速产线效率。 ...

Core Insights - The article provides an overview of the performance of various mutual funds, highlighting the top and bottom performers based on net asset value changes [1]. Group 1: Top Performing Funds - The top 10 mutual funds with the highest net value growth include: Qianhai Kaiyuan Hong Kong-Shenzhen Core Resource Mixed A (5.8790, +6.20%), Qianhai Kaiyuan Hong Kong-Shenzhen Core Resource Mixed C (5.8180, +6.19%), and Dongfang Artificial Intelligence Theme Mixed A (2.0655, +5.79%) [2]. - Other notable funds in the top 10 are: Dongfang Artificial Intelligence Theme Mixed C, Jiashi Zhongzheng Rare Earth Industry ETF Link C, and Jiashi Zhongzheng Rare Earth Industry ETF Link A, among others [2]. Group 2: Bottom Performing Funds - The bottom 10 mutual funds with the lowest net value growth include: Changcheng Jiuxiang Mixed C (1.7937, -2.97%), Changcheng Jiuxiang Mixed A (1.8273, -2.97%), and Dongfang Innovation Growth Mixed A (1.2713, -2.78%) [3]. - Other funds in this category are: Dongfang Innovation Growth Mixed C, Yifangda Zhongzheng Overseas Internet 50 ETF Link (USD) C, and Jinxin Core Competitiveness Mixed A, among others [3]. Group 3: Market Overview - The Shanghai Composite Index opened high and closed with a small gain, while the ChiNext Index also experienced a similar trend, with a total trading volume of 2.48 trillion [5]. - Leading sectors included steel, mineral products, and non-ferrous metals, with gains exceeding 3%, while the advertising packaging sector lagged behind [5]. Group 4: Fund Strategy Analysis - The Qianhai Kaiyuan Hong Kong-Shenzhen Core Resource Mixed A fund has a significant focus on resource industries, with a top holding concentration of 62.30% [6]. - The top holdings include Zijin Mining, Xiamen Tungsten, and Northern Rare Earth, with notable price increases observed in these stocks [6]. - The fund's performance is characterized as outperforming the market, particularly in the rare resources sector [6]. Group 5: Fund Style and Changes - The fund's style has shifted from a focus on artificial intelligence to a more resource-oriented approach, as indicated by the recent changes in holdings [7]. - The current fund size is reported at 0.49 billion, reflecting a potential change in investment strategy [7].

格隆汇2月25日丨日海智能(002313.SZ)在投资者互动平台表示，公司主营业务为无线通信模组业务和通 信工程业务，与腾讯目前没有合作。 ...

2026.02.25 本文字数：2600，阅读时长大约4分钟 作者 |第一财经 黄思瑜 春节前大幅离场后，A股节后的资金回流态势已成为市场关注焦点。 两融资金在春节前大幅净流出后，节后首个交易日大幅回流了346亿元，其中融资资金回流了338.89亿 元。杠杆资金的持仓偏好，春节前后也截然相反，此前大笔净卖出的行业在节后被大笔净买入。在业内 看来，回流方向与市场热点不尽相同，反映融资资金还是偏好科技类弹性品种。 不同于融资资金大幅回流，主力资金在近两个交易日仍旧连续净流出，从高位题材转向顺周期涨价板 块。 在多位券商分析师看来，节后短期流动性可能继续宽松，股市资金可能加速回流，节后居民储蓄存款搬 家、"固收+"资金入市、理财资金入市等多重因素或利好A股。 杠杆资金单日回流346亿元 春节前最后一个交易日（2月13日），两融资金单日缩水574.77亿元，其中融资资金净流出569.58亿元， 成为2025年以来净流出金额最大的一天。当周（2月9日～2月13日），两融资金净流出755.35亿元，其 中融资金额净流出746.66亿元，创2025年4月以来新高。 春节后，两融资金的回流情况备受市场关注。根据Wind数据， ...

Report Industry Investment Rating No information provided in the report about the industry investment rating. Report's Core View The report analyzes the investment value of the Bank of China GEM 50 Index (026770/026771). It points out that the GEM 50 Index features high - tech growth and high - quality fundamentals, and performs well in growth - dominant environments and market rebounds. The Bank of China Fund, as the fund manager, has rich experience in managing passive index products [2]. Summary According to the Directory 1. Highlight the Characteristics of the Growth Enterprise Market and Focus on the Broad - based Index of New - Quality Productivity - **Index Compilation Method**: Composed of the 50 stocks with the largest average daily trading volume in the GEM market, it focuses on the liquidity of sample stocks and combines industry coverage, using free - float market capitalization weighting and adjusting every six months [5][6]. - **Index Weight and Market Value Distribution**: As of January 31, 2026, the index has 50 constituent stocks. The weight is concentrated in the top ten constituent stocks, accounting for 65.27%. The average free - float market value is 9.0192 billion yuan, and the average total market value is 14.3456 billion yuan. Both are mainly concentrated between 2 billion and 5 billion yuan [7][10]. - **Index Industry Characteristics**: The constituent stocks are concentrated in the power equipment and communication industries, with a high degree of industry concentration. Compared with the GEM Index, it has more prominent high - tech growth attributes and is highly compatible with new - quality productivity [14][21]. - **Fundamental Characteristics**: The R & D investment as a proportion of operating income is close to 6%, higher than that of other broad - based indexes. The annual return on net assets from 2020 to 2024 is between 14% and 20%, showing high - quality characteristics [22][26]. 2. Index Investment Value Analysis: Prominent Growth Style and Elasticity - **Outstanding Performance in Growth - Dominant Environments**: The GEM 50 focuses on GEM stocks with high - tech growth attributes. In growth - dominant environments, its cumulative return far exceeds that of the Guozheng Growth Index, and the weekly average return since 2014 is 2.56% [27][31]. - **Superior Rebound Strength**: Due to the wider daily price limit of GEM constituent stocks, in several market rebounds since 2022, the GEM 50 Index shows high rebound strength, and the rebound interval returns generally exceed those of comparable indexes [35]. 3. Bank of China GEM 50 Index (026770/026771) It is an over - the - counter passive index product of the Bank of China Fund, which started raising funds on February 24, 2026, with a raising period until March 13, 2026. The current fund managers are Ms. Li Nian and Mr. Yao Jin. The management fee rate is 0.50%, and the custody fee rate is 0.10% [38]. 4. Fund Manager and Fund Manager Information - **Fund Manager Introduction**: The Bank of China Fund is a Sino - foreign joint - venture fund management company jointly established by the Bank of China and BlackRock. It currently manages 14 passive index products with a total scale of 10.043 billion yuan [40]. - **Fund Manager Introduction**: Ms. Li Nian has 9 years of securities experience, and the total scale of her managed products is 299 million yuan. Mr. Yao Jin has 12 years of securities experience, and the total scale of his managed products is 278 million yuan [42][43].