（原标题：主力资金丨9股尾盘遭资金大幅撤离！） 6个行业获主力资金净流入。 据证券时报·数据宝统计，今日（11月20日）沪深两市主力资金净流出366.03亿元，其中创业板净流出167.5亿元。 行业板块方面，申万一级7个行业上涨，建筑材料行业涨幅居首，达1.4%；综合、银行、通信和房地产等行业均微涨。24个下跌行业中，美容护 理和煤炭行业跌幅居前，均超2%；电力设备、石油石化、商贸零售和基础化工等行业均跌超1%。 从资金流向来看，申万一级行业中，6个行业获主力资金净流入。通信行业主力资金净流入居首，达14.28亿元；房地产行业主力资金净流入5.32亿 元，居次席。还有综合、公用事业、煤炭和钢铁行业获主力资金净流入。 25个主力资金净流出的行业中，电力设备行业净流出61.67亿元，居首；电子、计算机和医药生物行业主力资金净流出均超31亿元，国防军工、汽 车、机械设备和基础化工等行业主力资金净流出均超20亿元。 英伟达业绩超预期 两只光模块龙头股被盯上 从个股来看，67股主力资金净流入均超1亿元，其中20股净流入金额均超2亿元。 两只光模块热门股受到青睐，新易盛主力资金净流入9.92亿元，居首；天孚通信主力资金净 ...

把握光模块等算力、AI应用核心机会，建议重点关注全市场首只创业板人工智能ETF（159363）及场 外联接（A类023407、C类023408），标的指数重点布局光模块龙头"易中天"，光模块含量超54%。从 赛道分布看，逾七成仓位布局算力，超两成仓位布局AI应用，能够高效捕捉AI主题行情。（截至 2025.10.31） 数据来源：沪深交易所等。注："全市场首只"是指首只跟踪创业板人工智能指数的ETF。 20日早盘，受英伟达财报全面超预期刺激，光模块CPO等英伟达产业链全面上涨。截至发稿，中际旭 创涨超5%逼近前高，新易盛涨超3%，天孚通信涨超2%。光模块CPO含量超54%的创业板人工智能ETF （159363）场内再涨超2%，连涨4天，实时成交快速超2.5亿元，放量明显。 | 分时 多日 1分 * | | | | | F9 盘前盘后 图加 九转 画线 工具 @ 2 >> | | | | 0.860 +0.018 +2.14% | | | 创业板人工智能ETF华室 | 联 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | ...

>>>>> ETF早知道 >>>>>> ETF早知道 ETFEFRis al t wabao WP Fund 全力 <<<<< >>>>> ETFOHER 2025 Nov ETF早知道 EF早知道 eces 市场温度计 >>>>> ETFOHER 中长期信号 · 投资看温度 -- 75% -- 75% 75% .- 25% -- 25% -- 25%5 ETFERR 0.18% <<<< 0.25% 0.0% T > T 上证指数 深证成指 创业板提 注:温度计水银条由对应指数的近十年市盘率分位数表示,总值为100%。数据来源:IFind,截至 2025.11.19,上证指数. 测证虚指、创业板排的近十年市盈率分位数分割为94.32%,79.01%。 36.87% ETFE 9 0 0 a 18 4 版协葫芦 ETFEERS <<<< 短期轮动走向 · 观九宫热力值 +2.39% +1.11% +1.67% 有色金属 石油石化 国防军工 第十四十九 +0.92% -1.71% +1.09% 美容护理 建筑材料 银行 -1.72% -2.09% -3.08% 传媒 房地产 综合 数据来源:iFind,截至20 ...

创业板人工智能ETF华夏（159381），跟踪创业板人工智能指数（970070.CNI），精准布局创业板人工 智能主业公司。光模块CPO权重占比超54%，同时覆盖国产软件+AI应用企业，具备较高弹性。其中前 三大权重股为中际旭创（24.78%）、新易盛（19.40%）、天孚通信（5.11%）。场内综合费率仅 0.20%。场外联接（A类：025505；C类：025506） 华泰证券表示，资本创新重塑算力建设模式，开启新一轮扩张周期。传统重资产自建模式正被多元化融 资结构取代，"算力租赁""算力债务融资"等新模式快速兴起，缓解了前期巨额投入与长周期收益错配问 题，也使算力资产具备证券化与规模复制的基础，推动算力集群建设加速。我们认为，资本与技术的双 轮驱动使得算力建设进入正反馈周期，需求端的高增长与供给端的扩产共振，推动全球算力基础设施进 入新一轮繁荣周期。 相关ETF： 11月19日，算力产业链反复活跃。截止14:52，创业板人工智能ETF华夏（159381）上涨0.70%，冲击三 连阳；5G通信ETF（515050）午后成功翻红，上涨0.41%。光模块CPO表现活跃，联特科技涨超14%， 光模块龙头中际旭创、 ...

Group 1 - The A-share market is experiencing a style switch, with high-position sectors seeing profit-taking and low-position sectors undergoing a rebound, particularly in the AI computing power sector, which is facing increased volatility and divergence due to funding and overseas news influences [1] - The current AI wave is not a repeat of the 2000 internet bubble, as the market is now driven by highly profitable "cash cow" companies with solid earnings growth and cash flow support, contrasting with the speculative "concept stocks" of 2000 [1] - Major ETFs related to AI and 5G communication have seen declines of over 1%, while there has been a continuous net inflow of funds over the past four trading days, indicating a mixed sentiment in the market [1] Group 2 - Short-term adjustments in the market provide a higher cost-performance layout window for long-term investments, with the AI sector expected to continue its trend of growth supported by China's unique advantages such as engineer dividends and a large user base [2] - The long-term logic of industry development remains unchanged, and core global industry products in the computing power chain are expected to accumulate momentum for future increases after recent short-term adjustments [2]

Core Viewpoint - The A-share market is experiencing a shift in investment sentiment as it approaches the 4000-point mark, with strong sectors like AI computing and consumer electronics undergoing corrections, while new themes such as Hainan Free Trade Zone and lithium battery technology gain traction [1] Group 1: Market Trends - The A-share market is seeing a rotation in investment styles, with previous strong sectors like AI computing and consumer electronics facing corrections, while new themes are emerging [1] - The AI computing sector has experienced significant gains, leading to potential technical adjustments as optimistic expectations from Q3 reports are realized [2] - Investors are advised to clarify their investment strategies, whether they are short-term traders or long-term investors, before making decisions [1][3] Group 2: Company Performance - The 5G communication index's top 20 constituent stocks reported a total revenue of 1.37 trillion yuan and a net profit of 82.464 billion yuan for Q3 2025, with 19 companies showing revenue growth and 16 showing net profit growth year-on-year [4] - Notable companies like Xinyi Technology and Zhongji Xuchuang reported net profit growth rates of 284.38% and 95.52% respectively for Q3 [4] - The 5G communication index is expected to see a net profit growth rate of 41.19% in 2025, maintaining over 40% growth in 2026 [5] Group 3: Market Style and Future Expectations - Historical analysis suggests that if the high prosperity of leading sectors continues, the market may maintain its focus on these sectors, while a shift to lower-performing sectors could trigger a reversal [6] - The AI hardware sector is projected to remain a key focus for the market, with expected net profit growth exceeding 30% in segments like communication equipment and semiconductors [6] - Despite concerns about an AI bubble, global investment in AI computing is increasing, with major cloud providers reporting significant capital expenditure growth [7][8] Group 4: Investment Products - The AI-focused ETF has attracted nearly 240 million yuan in the last 10 trading days, indicating strong market interest in core assets within the AI computing sector [11] - The 5G communication ETF has also seen over 500 million yuan in net inflows, reflecting investor confidence in the telecommunications sector [12] - The A500 ETF, which covers a broad range of industries, has raised nearly 1.8 billion yuan, showcasing a preference for diversified investment strategies in a volatile market [11]

Core Viewpoint - The market for computing power hardware is expected to remain strong in the coming years, despite short-term fluctuations, driven by key indicators such as CAPEX, token consumption, and ARR [1][3]. Group 1: Market Performance - On the morning of the 11th, computing power stocks opened high but fell, with optical module stocks like Tianfu Communication dropping over 7% and Zhongji Xuchuang down over 4% [1]. - The AI ETF (159363) experienced a peak followed by a decline, with an intraday drop of over 2% and a real-time transaction volume exceeding 3.8 billion CNY, indicating a buying interest of over 60 million shares during the dip [1]. Group 2: Investment Recommendations - Companies are advised to focus on core opportunities in optical modules and computing power, particularly the first AI ETF tracking the ChiNext AI Index (159363), which has over 54% exposure to leading optical module companies [3]. - The AI ETF has a recent scale exceeding 3.5 billion CNY, with an average daily trading volume of over 700 million CNY in the past month, ranking first among seven ETFs tracking the ChiNext AI Index [3].

Group 1 - The core viewpoint of the news highlights a significant rebound in the optical module and AI computing sectors, with companies like Yuanjie Technology and Dongshan Precision experiencing substantial stock price increases [1] - The AI computing sector is seeing high enthusiasm from investors, with the Huaxia ChiNext AI ETF (159381) attracting over 200 million yuan in net inflows over eight consecutive trading days [1] - Nvidia's CEO Jensen Huang stated that China is likely to win the AI race due to favorable regulatory conditions and lower energy costs, criticizing Western approaches as "cynicism" that hinders progress [1] Group 2 - The communication sector's performance is strong, with total revenue reaching 19,525.33 billion yuan in the first three quarters of 2025, a year-on-year increase of 2.90%, and net profit of 1,937.62 billion yuan, up 9.06% [1] - The gross margin for the communication sector is reported at 28.90%, reflecting a slight increase of 0.04 percentage points year-on-year, while the net profit margin stands at 10.58%, up 6.13 percentage points [1] - The Huaxia ChiNext AI ETF (159381) has a weight of 51.8% in optical module CPOs and includes domestic software and AI application companies, with the top three holdings being Zhongji Xuchuang (24.78%), Xinyi Sheng (19.40%), and Tianfu Communication (5.11%) [2]

Group 1 - The A-share market continues to experience fluctuations, with sectors like optical modules and chips showing resilience despite initial declines [1] - The 5G Communication ETF (515050) has seen a net inflow of 133 million yuan over the past five days, while the AI ETF (159381) has attracted 167 million yuan [1] - Minsheng Securities expresses confidence in the long-term growth of the optical module industry, highlighting its strategic importance in AI and data center connectivity [1] Group 2 - The 5G Communication ETF (515050) tracks the CSI 5G Communication Theme Index, with a total scale exceeding 8 billion yuan, focusing on companies like Nvidia, Apple, and Huawei [2] - The index has a high concentration in "hard technology," with communication and electronics sectors accounting for nearly 80% of its weight [2] - The AI ETF (159381) tracks the ChiNext AI Index, with optical modules making up 51.8% of its weight, and the top three holdings being Zhongji Xuchuang (20.95%), Xinyi Sheng (20.42%), and Tianfu Communication (5.39%) [2]

Core Viewpoint - The Chinese capital market has experienced significant changes since September 24, 2024, with technology, particularly optical modules and CPO, being a key focus. Robotech (300757.SZ), involved in silicon photonics and CPO, has shown volatile stock performance despite the overall bullish trend in the market [1]. Financial Performance - Robotech's revenue for 2022, 2023, and 2024 was 901 million yuan, 1.57 billion yuan, and 1.104 billion yuan, respectively, with net profits of 25.6 million yuan, 79.5 million yuan, and 63.2 million yuan. The latest report indicates a revenue of 416 million yuan for the first three quarters of 2024, with a net loss of 74.7 million yuan, reflecting negative growth in core financial metrics [1][2]. - The company's revenue decreased by 43.22% year-on-year for the current reporting period and by 59.04% year-to-date. The net profit attributable to shareholders showed a decline of 344.24% for the current period and 205.01% year-to-date [2]. Business Overview - Robotech specializes in high-precision smart manufacturing equipment and systems, focusing on automation solutions for optical interconnects, optical sensing, and photovoltaic cells. The acquisition of ficonTEC has been pivotal, providing proprietary technology for assembling and testing silicon photonic devices [3][4]. - The company's revenue structure shows that photovoltaic manufacturing solutions contributed 92.8% to 72.6% of total revenue from 2022 to the first half of 2025, while the silicon photonic assembly and testing equipment business began contributing revenue only in 2024, reaching an 18.7% share by mid-2025 [4][5]. Market Position and Growth Potential - Robotech holds a 25.5% market share in the silicon photonic smart manufacturing equipment market, ranking first globally. It is the only supplier capable of providing end-to-end solutions and ultra-high precision assembly and testing equipment for silicon photonics [7][9]. - The company is actively expanding its international presence, particularly in the growing Indian market, and plans to introduce efficient battery-related equipment and solutions tailored to overseas market demands [6][10]. Future Outlook - The demand for automated packaging and coupling equipment is expected to rise alongside the rapid development of silicon photonics and CPO technologies, which will benefit Robotech's related business segments. The company has an order backlog of 662 million yuan in its optoelectronic and semiconductor business [10]. - The stabilization and recovery of the photovoltaic equipment business will be crucial for Robotech's performance in the short term, while long-term growth will depend on the successful execution of its strategies in the silicon photonics and CPO sectors. The upcoming Hong Kong listing is anticipated to enhance the company's ability to leverage its production capabilities and support global customers [10].