今日A股与港股市场同步承压，呈现"成长退潮、周期防御"的结构性特征。A股三大指数全线回调，科 技与新能源赛道遭遇重挫，而顺周期板块逆势走强；港股则在科技权重股拖累下延续调整，恒生科技指 数创阶段性最大单日跌幅。资金避险情绪升温，板块轮动速度加快。 展望后市，当前市场处于震荡整固阶段，短期需关注三季报业绩验证与政策面变化。尽管科技成长赛道 遭遇回调，但"十五五"规划预热期临近，新质生产力、高端制造等政策支持方向的长期逻辑未改，叠加 全球流动性宽松预期，结构性机会仍值得布局。 主要指数表现 A股市场日内呈现"沪强深弱"分化格局。上证指数低开低走，收盘失守3900点整数关口，报3897.03点， 跌幅0.94%；深证成指受新能源板块拖累跌2.7%，创业板指大跌4.55%，科创50指数重挫5.61%，创年内 次大单日跌幅。全市场上涨个股2774家，下跌2536家，涨停72家，跌停15家，局部赚钱效应仍存。资金 面呈现大幅净流出态势，主力资金单日净流出929.6亿元，科技成长板块成为抛压主要方向。 行业热点与驱动逻辑 A股顺周期板块展现较强防御性。建筑材料板块领涨，受《建材行业稳增长工作方案（2025-2026 年）》 ...

光刻机概念股局部爆发，新莱应材、凯美特气双双涨停。 市场全天震荡调整，三大指数集体下跌。截至收盘，沪指跌0.94%，深成指跌2.70%，创业板指跌 4.55%。 盘面上，市场热点较为杂乱，核电板块表现活跃，合锻智能9天5板，中国核建、安泰科技2连板。 沪深两市成交额约25156.2亿元，较前一个交易日缩量约1375.82亿元。 个股方面，中兴通讯、中芯国际、宁德时代成交额超200亿元。 | 序号 代码 | | 名称 | . | - 最新 | 米幅% | 市净率 | 源跌 | 成交流 | 现手 | 涨速% | 换手% | 成交额↓ | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 18 | 000063 | 中兴通讯 | 4 | 52.00 | 4304 | 3.32 | 2.02 | 491万 | 38991 | 0.00 | 12.18 | 255亿 | | 2 | 688981 | 中古国际 | = | 127.95 | -7.89 | 6.78 | -10.96 | 162万 | 157 ...

公众号记得加星标⭐️，第一时间看推送不会错过。 来源 ：本文编译自Yahoo，谢谢。 美国众议院委员会表示，半导体行业正在推动中国半导体行业的发展并支持其军方，引发了进一步出 口管制的担忧，随后包括应用材料公司和阿斯麦控股公司在内的半导体公司股价下跌。 美 国 众 议 院 中 国 问 题 小 组 周 二 援 引 应 用 材 料 公 司 （ Applied Materials ） 、 ASML 、 TEL （ Tokyo Electron Ltd.）、科磊公司（KLA Corp.）和泛林集团（Lam Research Corp.）的销售数据称，"通 过向中国国有企业和关联企业出售设备，获得了巨额回报"。目前尚无任何工具制造商违反美国、荷 兰或日本法律的指控。 ASML 发言人拒绝置评。TEL、应用材料、KLA 和 Lam Research 的代表尚未回应置评请求。 周三，ASML在阿姆斯特丹股价一度下跌7.1%，创下自7月以来的最大盘中跌幅，随后有所收复。 https://finance.yahoo.com/news/asml-shares-fall-us-house-083143843.html *免责声明： ...

Group 1 - The core concept revolves around a leading integrated circuit manufacturing company that plays a crucial role in the domestic semiconductor industry, leading to the formation of a market-recognized industrial cluster referred to as the "SMIC concept" [1] - This concept is not an official industry classification but rather a market-derived summary based on the cooperative relationships and business synergies among companies [1] - The key logic is that the leading company, as one of the few domestic foundries with advanced process capabilities, will drive the business development of upstream and downstream companies through its capacity expansion, technological breakthroughs, and order growth [1] Group 2 - From an industry chain perspective, related companies are primarily distributed across three segments: upstream includes semiconductor equipment and material suppliers, midstream focuses on wafer manufacturing and packaging testing, and downstream involves design companies applying chips in various fields [1] - Upstream companies benefit from increased demand for high-precision equipment and key materials as production lines are built [1] - Midstream includes not only the foundry itself but also companies with collaborative process capabilities or those undertaking outsourced testing tasks [1]

Core Viewpoint - The article emphasizes three key strategies for private enterprises in Foshan to break through challenges: focusing on lean management, planning for global expansion, and striving for uniqueness in products and services [4][9][10]. Group 1: Lean Management - The first strategy is "focusing on lean management," which involves reducing waste within the organization to enhance efficiency and productivity. Successful companies have adopted lean management practices for many years, leading to better resource utilization and improved product quality [4][5][6]. - Lean management is not about making the company weaker but rather about strengthening it through continuous improvement in processes and reduction of internal waste [4][5]. - Companies that have embraced lean management are better positioned to survive economic downturns, as they maintain operational efficiency and can adapt to changing market conditions [6]. Group 2: Global Expansion - The second strategy is "planning for global expansion." Companies should look beyond domestic markets and consider international opportunities to avoid saturation and competition within local markets [7][8]. - Successful examples include companies like Midea, which have historically sought international markets to diversify their customer base and reduce reliance on domestic sales [7][8]. - The current geopolitical climate, including trade tensions, has prompted many Chinese companies to expand internationally, leading to the emergence of more multinational corporations [8]. Group 3: Striving for Uniqueness - The third strategy is "striving for uniqueness," which involves creating products that stand out in the market. Companies should focus on enhancing quality, functionality, and innovation to meet customer demands in less competitive niches [9][10]. - The article highlights that traditional industries often produce similar products, making it crucial for companies to differentiate themselves to capture market share and achieve better returns [9][10]. - By targeting unique product offerings, companies can tap into unmet market needs and reduce competition, leading to higher profitability [9][10]. Group 4: Market Capability vs. Production Capability - The article discusses the imbalance between market capability and production capability in the Chinese manufacturing sector, where production capacity has outpaced the ability to find customers [14][16]. - Companies must enhance their market capabilities to match their production capabilities, ensuring that they can effectively sell their products and realize their value [16][17]. - The focus should be on understanding customer needs and developing strategies to attract and retain high-quality clients, which is essential for sustainable growth [19][20]. Group 5: Case Studies - The article presents case studies of companies that have successfully navigated challenges by adopting the discussed strategies. For instance, a company named Weili Xin chose to focus on difficult orders with less competition, leading to significant business growth [36][38]. - Another example is a company that maintained strict cash payment policies, which forced them to improve product quality and build a strong reputation in the market [39][40]. - These examples illustrate that by avoiding common pitfalls and focusing on unique strategies, companies can thrive even in competitive environments [36][39].

每经编辑｜张喜威 王晓波 1 隔夜市场 美股三大指数集体收涨，道指涨0.09%，纳指涨0.42%，标普500指数涨0.34%，英特尔涨超7%，特斯拉涨超3%，微软、苹果、谷歌、亚马逊涨幅不足1%， Meta跌超2%；减肥药、药品制造商、半导体设备概念涨幅居前，阿斯利康涨近10%，美光科技、礼来涨超8%，默沙东、罗氏涨超7%，辉瑞、诺和诺德涨超 6%，阿斯麦涨超3%。纳斯达克中国金龙指数涨1.44%，中概股普遍上涨，百度、世纪互联涨超4%，京东涨超3%，阿里巴巴涨超2%，哔哩哔哩、小鹏汽车 涨超1%。 美国9月ISM制造业PMI为49.1，预估49，前值48.7。美国9月标普全球制造业PMI终值为52，前值52。 国际贵金属期货普遍收涨，COMEX黄金期货涨0.5%，报3892.6美元/盎司；COMEX白银期货涨1.67%，报47.42美元/盎司。 国际油价走低，美油主力合约收跌0.91%，报61.8美元/桶；布伦特原油主力合约跌0.95%，报65.4美元/桶。 欧洲三大股指收盘全线上涨，德国DAX指数涨0.98%报24113.62点，法国CAC40指数涨0.9%报7966.95点，英国富时100指数涨1.03 ...

ABM总部位于中国香港，深耕半导体光刻设备领域逾20年，掌握超过2000项光刻机关键零部件的专有 技术。截至目前，ABM已向全球超300家客户累计交付近1000台（套）设备，产品广泛应用于集成电路 前道制造、先进封装等领域。 ABM佛山项目拟选址佛山市顺德区北滘镇，计划打造全球领先的集高端设备制造、尖端研发和中试功 能于一体的光刻机及先进封装核心设备生产基地，首期将建设光刻机、涂胶显影设备及晶圆键合机等核 心设备生产基地，规划三年内实现年产百台套的目标。 9月30日，佛山市与ABM, Inc. Asia Pacific Ltd.（下称"ABM"）签订合作协议，广东唯一的光刻机量产项 目——年产百台套光刻机及先进封装核心设备生产基地项目落户佛山。 值得一提的是，项目从初步接触到正式签约仅用时三个月。"佛山政府的行动效率、对产业发展的渴望 和对产业的深刻理解，都让我印象深刻。"ABM公司董事长吴玷说，佛山作为粤港澳大湾区重要的制造 基地，拥有深厚的工业基础和成熟的精密制造能力，尤其在机械加工、光学元件、控制系统等领域具备 深厚积累，与光刻机等高精度装备的制造需求高度契合，"我们希望借助佛山作为内地与港澳合作'桥头 ...

（原标题：广东唯一光刻机量产项目落地佛山，ABM拟三年内实现年产百台套） 佛山市相关负责人表示，此次引入ABM项目，是佛山进一步实施"强链补链"战略的关键举措。项目落 地后，有望带动本地精密加工、高端光学元件、智能控制系统等上下游配套协同发展，构建"以装备促 制造、以制造带研发"的良性循环。以项目落地为契机，佛山将积极招引高端半导体装备产业链上下游 企业集聚发展，力争实现半导体光刻装备产业五年内规模达40亿元、十年突破100亿元的目标，加快建 设粤港澳大湾区半导体及集成电路研制重要基地。 ABM总部位于中国香港，深耕半导体光刻设备领域逾20年，掌握超过2000项光刻机关键零部件的专有 技术。截至目前，ABM已向全球超300家客户累计交付近1000台（套）设备，产品广泛应用于集成电路 前道制造、先进封装等领域。 ABM佛山项目拟选址佛山市顺德区北滘镇，计划打造全球领先的集高端设备制造、尖端研发和中试功 能于一体的光刻机及先进封装核心设备生产基地，首期将建设光刻机、涂胶显影设备及晶圆键合机等核 心设备生产基地，规划三年内实现年产百台套的目标。 值得一提的是，项目从初步接触到正式签约仅用时三个月。"佛山政府的行动效 ...

近年来，佛山将半导体及集成电路产业作为战略性新兴产业重点培育，已初步构建起覆盖材料、设计、 制造、封测、装备等环节的完整产业链生态。截至目前，全市集聚规模以上半导体企业336家，产业规 模突破900亿元，广东先导稀材光芯片项目、蓝箭电子芯片封测基地等一批重大项目相继落地，形成"链 主引领、多点支撑"的发展格局。 9月30日，佛山市与ABM, Inc. Asia Pacific Ltd.（以下简称"ABM"）签订合作协议，广东唯一的光刻机量 产项目——年产百台套光刻机及先进封装核心设备生产基地项目落户佛山。佛山市市长白涛出席签约仪 式。 ABM成立于2003年，总部位于中国香港，深耕半导体光刻设备领域逾20年，在中国内地、中国台湾及 日本设有分支机构与研发中心。公司坚持自主研发制造，掌握超过2000项光刻机关键零部件的专有技 术，涵盖光源系统、光路系统、工件台系统、测量与对准系统、掩模版与掩模台机构、环境控制系统等 核心技术。截至目前，ABM已向全球超300家客户累计交付近1000台（套）设备，其中70%客户位于中 国内地，产品广泛应用于集成电路前道制造（如MEMS、化合物半导体、功率器件）以及先进封装 （TS ...

（来源：金科之家网） 一、本书简介 本书作者瑞尼·雷吉梅克是荷兰跨界创业者与资深科技作家，曾主修化学，后转型为硅谷科技专栏作 家，创立科技媒体公司Techwatch。 他他深耕半导体行业报道二十余年，采访过ASML创始团队、核心工程师、合作伙伴等近百位关键人 物，掌握了大量一手资料。 《光刻巨人》聚焦全球光刻机巨头ASML的崛起之路。光刻机被誉为"芯片工业的皇冠明珠"，其制造难 度堪比"在头发丝上雕刻万里长城"。 而ASML从飞利浦的一个"边缘小部门"，起步时资金匮乏、技术落后，却在短短三十年间超越尼康、佳 能等老牌巨头，占据全球光刻机市场80%以上的份额，甚至垄断了最先进的EUV光刻机技术。 这本书不仅还原了ASML如何从"追赶者"变成"领跑者"，更揭示了科技创新、企业竞争与全球产业协作 的深层逻辑。 二、主要内容 1. 光刻：芯片制造的"心脏" 1990年代，尼康凭借i-line光刻机垄断市场，ASML决定"弯道超车"，研发更先进的步进式光刻机PAS 5500。当时工程师们面临镜头精度、工件台稳定性等无数难题，甚至有人断言"欧洲企业造不出比日本 更好的光刻机"。 但ASML团队用"每天工作16小时、每周工 ...