每日市场观察 2025 年 8 月 25 日 【今日关注】 8 月 15 日阳包阴后，形成新的一轮上攻。截至 8 月 22 日盘面周阳创近 十年新高，从承接力度来看，并没有明显的衰退的迹象，周线时间运 行周期并没有结束。板块方面，相对强势。光头中阳说明强势，但是 偏离度增加也在积累风险。从行为上看，资金本周的规律性很强，量 能合理还有新高的机会。形态方面，本轮上攻的形态完整，均线持续 发散，但是时间运行不足，后市相对高位运行还需要一定的时间，需 要关注下月初的时间节点。 市场的行业轮动明显，属于有序的调整。前期轮动的半导体，教育和 计算机行业本周又出现在了涨幅榜，行情没有结束，可以轻仓参与。 长期来看，围绕国家政策扶持的相关产业还是主要投资方向，投资者 可借助短期的调整，寻找更合适的投资机会。 前期涨幅较大的化药，电机，船舶等已经出现了明显的滞涨，低位板 块补涨不明显，短期可以关注涨幅不大的传统采掘和酿酒板块。 【资金面】 主力资金流向：8月22日，上证净流入765.67亿元，深证净流入604.72 亿元。行业板块方面，主力资金流入前三的板块为半导体、证券、软 件开发，主力资金流出排名前三的板块为城商行、医疗 ...

针对上述提问，神思电子回应称："感谢您的关注！公司的相关产品已为能源、医疗、公交、餐饮等领 域提供服务。公司将跟随行业发展，不断探索数字人民币生态下新的商业模式。截至目前公司数字人民 币业务营业收入占比较小，不会对公司经营业绩产生重大影响。请投资者谨慎评估，注意投资风险。" 来源：金融界 金融界8月25日消息，有投资者在互动平台向神思电子提问："尊敬的公司领导，能介绍一下公司的数字 经济，数字货币方向的业务和发展前景吗。感谢。" ...

Group 1 - The core point of the article is that Kaipu Cloud (688228) has announced a transaction plan to acquire 70% of Nanning Taike Semiconductor Co., Ltd. in cash and 30% through share issuance, aiming to enhance its AI hardware and software integration layout [2][3][5] - The transaction is expected to create a win-win situation for both parties, allowing Kaipu Cloud to quickly enhance its high-performance storage capabilities in the AI infrastructure sector, while the counterparty, Jintai Semiconductor Co., Ltd., can enter the secondary market [3][12] - Kaipu Cloud's stock was suspended from trading on August 11 and is set to resume on August 25, with a notable stock price increase of 3.95% to 65.8 yuan per share on August 8, resulting in a total market capitalization of 4.443 billion yuan [3][6] Group 2 - The transaction is anticipated to constitute a significant asset restructuring, with Nanning Taike's revenue projected to exceed 50% of Kaipu Cloud's total revenue in 2024, meeting the criteria for major asset restructuring [6][10] - The financial data indicates that Nanning Taike's projected revenue for 2024 is 2.366 billion yuan, while Kaipu Cloud's net profits for 2023, 2024, and the first half of 2025 are expected to be 41.15 million yuan, 20.59 million yuan, and 3.78 million yuan, respectively [6][10] - The storage products from Jintai are crucial for AI infrastructure, particularly in high-performance storage applications for AI computing servers, highlighting the technological innovation and high barriers to entry in the storage industry [10][11] Group 3 - Kaipu Cloud's main business includes software development and hardware sales, focusing on AI large models, AI content security, smart energy, and smart governance, aiming to become a full-stack AI product service provider in the era of AGI [11] - The transaction will also involve a share transfer agreement where Kaipu Cloud's controlling shareholder and others will transfer a total of 20.73% of shares to Wugufen Deng Semiconductor Partnership, with a transfer price of 52.64 yuan per share, totaling 737 million yuan [13][14] - Following the share transfer, Wugufen Deng will hold over 5% of Kaipu Cloud's shares, making it a potential related party, thus classifying the transaction as a related party transaction [12][14]

西安定制小程序。由于一些客户的需求比较特殊，产品的小程序解决不了，就想要找一个外包公司做小 程序的定制开发。那么定制开发的小程序跟产品的小程序具体有什么样的区别呢？如果要定制开发小程 序，要注意什么点呢？今天我们这篇内容呢，给大家说一下。 定制和产品的区别： 目前小程序有产品的，也有定制开发的产品指的就是有现成的小程序，购买之后立即投入到项目使用。 定制开发的话，则指的是根据客户的需求去写一套程序出来。就像我们生活中租房跟买房都是都是产品 类型，而找建筑公司盖房这就属于定制的类型。 定制：按需求写程序 像定制开发的小程序，是根据客户的需求去写上去的。像我们在进行项目中先会了解到客户的需求，比 如说小程序有什么功能，具体有哪些角色在使用，后台有实现什么样的功能，根据客户的描述，再去跟 客户写一个功能文档，然后功能根据功能文档再去进行产品原型图的设计。整个流程确定完了，没有问 题之后再进行开发。 功能清晰： 需求沟通： 在开发小程序的话，可以先多找几个软件公司进行沟通，看哪家公司给的方案更好，然后再进行选择。 因为虽然说现在有不同公司，但是不同的公司执行的标准是不一样的，所以多了解几家公司就能知道软 件是怎么做的 ...

A股ETF再被基民买至溢价。 A股市场火爆，场内交易的A股ETF成为批量溢价主角，这也是市场表现过热的重要信号之一。 有基金专业投资者表示担忧，若开盘后，芯片概念股上涨行情难以延续，这些高溢价ETF二级价格将大 幅回落。 8月22日，芯片与人工智能板块的强势爆发，驱动资金大幅流入相关ETF，成为本年度主题ETF行情的 一个重要缩影。 8月份，A股迎来强劲反弹行情，上证指数连续攻克3600点、3700点和3800点，ETF迎来普涨行情，千余 只股票型ETF中仅有10余只ETF年内亏损，7只ETF年内价格翻倍，220只ETF年内涨幅超过30%。 8月22日，半导体、通信设备、软件开发、计算机设备等板块领涨，科创50指数大涨8.59%，相关主题 ETF纷纷大涨，超140只ETF单日涨幅超过5%，其中20余只ETF涨幅超过10%。 "买股票不如买ETF""牛市选股不如买ETF"等吸睛言论再次刷屏，与此同时，"买少了""还能追吗""接下 来还会涨吗"等言论层出不穷，也引发了专业人士对于基民可能非理性追涨的担忧。 热门主题ETF涨幅惊人 8月22日，A股行情再度爆发，科创板芯片股大涨，引发资金抢购相关主题ETF，多只ET ...

8月22日，A股行情再度爆发，科创板芯片股大涨，引发资金抢购相关主题ETF，多只ETF盘中一度冲击20%涨停，截至收 盘，20余只ETF涨幅超过10%，其中3只ETF涨幅超过15%。 不过，需要引起注意的是，盘后更新的基金净值显示，仅有4只ETF单日基金份额参考净值（IOPV）涨幅超过10%，ETF 二级市场价格与基金份额参考净值产生较大偏离，这就意味着8月22日有不少资金以较高的溢价在二级市场买入ETF。具 体数据显示，9只A股ETF的溢价幅度超过3%，其中科创50ETF富国、科创芯片设计ETF的溢价均超过6%。 A股市场火爆，场内交易的A股ETF成为批量溢价主角，这也是市场表现过热的重要信号之一。 A股ETF再被基民买至溢价。 8月22日，半导体、通信设备、软件开发、计算机设备等板块领涨，科创50指数大涨8.59%，相关主题ETF纷纷大涨，超 140只ETF单日涨幅超过5%，其中20余只ETF涨幅超过10%。 "买股票不如买ETF""牛市选股不如买ETF"等吸睛言论再次刷屏，与此同时，"买少了""还能追吗""接下来还会涨吗"等言 论层出不穷，也引发了专业人士对于基民可能非理性追涨的担忧。 热门主题ETF涨 ...

（记者 王晓波） 截至发稿，金现代市值为61亿元。 每经头条（nbdtoutiao）——鲍威尔"认错"，释放最强降息信号，美股狂欢！37万亿美元压顶，美国"债 务死亡螺旋"如何破解？ 每经AI快讯，金现代（SZ 300830，收盘价：14.15元）8月24日晚间发布公告称，公司第四届第八次董 事会会议于2025年8月22日在公司会议室以现场结合通讯的方式召开。会议审议了《关于提前赎回"金现 转债"的议案》等文件。 2024年1至12月份，金现代的营业收入构成为：电力占比72.92%，其他占比22.59%，航天占比4.49%。 ...

8月23日，东软集团与武汉大学中南医院在武汉东软软件园内签署战略合作协议，双方将在智慧医 院建设、数字孪生应用、医工科研转化等核心领域展开全方位合作，共同推动医疗系统向数智化转型迈 进，让就医体验更高效、更温暖。 东软集团与武汉大学中南医院签署战略合作协议。 记者徐丹 摄 数字孪生医院是通过数字技术构建的虚拟医院模型，能够实时映射和模拟实体医院的运行状态。它 结合物联网、大数据、人工智能等技术，实现医疗资源优化、患者流程管理、设备监控等功能，提升医 院运营效率和医疗服务质量。 走进未来的武汉大学中南医院，患者或许将感受到这样的变化：打开手机APP，系统不仅会根据症 状推荐最合适的科室，还能结合实时接诊压力，智能推荐最佳就诊时间段；走进医院，室内导航精准避 开拥堵，候诊时间实时更新；医生诊室内，患者的历次就诊数据、模拟病情推演一目了然，甚至手术方 案也可在"虚拟患者"身上预演评估——这一切，都源自"数字孪生医院"带来的根本变革。 武汉大学中南医院副院长潘振宇表示："目前我们已经实现了初步的问诊引导功能，但这只是起 点。整个数字孪生医院的构建是一个系统性工程。"他指出，数智化不是简单地把线下流程线上化，而 是从服 ...

Market Overview - A-shares experienced a strong upward trend on August 22, with the Shanghai Composite Index surpassing 3800 points and the Sci-Tech Innovation 50 Index rising over 8%, reaching a three-year high [1] - The market focus was primarily on computing power and chip sectors, with major stocks like Cambricon Technologies hitting a historical high and Semiconductor Manufacturing International Corporation (SMIC) surging by 14% [1] Industry Highlights - The chip and computing power sectors saw significant gains, with the Sci-Tech Chip Index increasing by over 10% and various AI-related ETFs gaining attention [1] - A total of 132 stocks in A-shares were priced over 100 yuan, a threefold increase compared to the previous year, with 58 of these stocks from the Sci-Tech Innovation Board [1] Company Performance - New entrants to the 100-yuan stock list included six companies, five of which were in the computing and chip sectors, such as SMIC and Longxin Technology [1] - The top gainers in the chip sector included Cambricon Technologies, Haiguang Information, and SMIC, with Cambricon closing at 1243.2 yuan per share, second only to Kweichow Moutai [5] Investment Opportunities - Dongguan Securities highlighted investment opportunities in domestic computing power and storage, noting the release of the DeepSeek-V3.1 model, which enhances chip design capabilities [6] - Shanghai Securities reported that the domestic AI chip ecosystem is continuously improving, with leading companies enhancing their market competitiveness [6] Sector Composition - Among the 100-yuan stocks, semiconductor companies dominated with 30 entries, a significant increase from six the previous year, while other concentrated sectors included communication equipment, medical, and software development [7]

Core Viewpoint - The A-share market has shown strong performance, particularly in the chip and computing power sectors, with significant gains in major stocks like Cambricon and SMIC, indicating a bullish trend in these industries [1][9]. Industry Summary - The A-share index rose above 3800 points, with the STAR 50 index increasing over 8%, marking a three-year high, driven by the computing power and chip sectors [1]. - The STAR Chip Index surged over 10%, reflecting the explosive growth of chip and computing power stocks, with related ETFs gaining market attention [3]. - As of August 22, 2024, there are 132 stocks priced over 100 yuan, a threefold increase from the previous year, with over 40% of these stocks from the STAR Market [3]. - Six new stocks joined the 100 yuan club on that day, five of which are in the computing and chip sectors, including SMIC and Changxin Memory [3]. Company Highlights - Cambricon's stock price reached 1243.20 yuan, making it the second highest in A-shares after Kweichow Moutai, which closed at 1463.95 yuan [9]. - Among the 100 yuan stocks, semiconductor companies dominate with 30 firms, a significant increase from 6 last year, while other concentrated sectors include communication equipment, medical, and software development [7]. - The top five companies by market capitalization below the trillion yuan mark include BYD, Cambricon, SMIC, Wuliangye, and Haiguang Information, with three major chip stocks shining in the list [9]. Market Trends - Dongguan Securities highlighted investment opportunities in domestic computing power and storage, emphasizing advancements in AI chip design and the growing domestic AI computing ecosystem [10]. - Tianfeng Securities noted that during bull markets, short-term market corrections often present buying opportunities, particularly in strong sectors [11]. - The current market rally is characterized by a disconnect between macro expectations and earnings performance, with the index's rise relying more on liquidity and thematic trading rather than fundamental earnings recovery [11].