11月26日，胜宏科技涨5.08%，截至发稿，报278.51元/股，成交64.90亿元，换手率2.80%，总市值 2424.01亿元。 资料显示，胜宏科技(惠州)股份有限公司位于广东省惠州市惠阳区淡水镇新桥村行诚科技园,香港湾仔皇 后大道东248号大新金融中心40楼，成立日期2006年7月28日，上市日期2015年6月11日，公司主营业务 涉及新型电子器件(印制电路板)的研究开发、生产和销售。主营业务收入构成为：PCB制造93.66%，其 他6.34%。 从基金十大重仓股角度 人保中证500A（006611）成立日期2018年12月7日，最新规模6809.87万。今年以来收益21.6%，同类排 名2152/4206；近一年收益21.35%，同类排名2202/3986；成立以来收益76.74%。 人保中证500A（006611）基金经理为周剑。 截至发稿，周剑累计任职时间2年138天，现任基金资产总规模10.04亿元，任职期间最佳基金回报 30.79%， 任职期间最差基金回报11.65%。 风险提示：市场有风险，投资需谨慎。本文为AI大模型自动发布，任何在本文出现的信息（包括但不 限于个股、评论、预测、图表、指 ...

均超5亿元 据证券时报·数据宝统计，从个股来看，87股主力资金净流入均超1亿元，10股获主力资金净流入均超5亿元。 （原标题：主力资金丨10股获主力资金净流入均超5亿元） 通信、电力设备、电子行业主力资金净流入居前。 A股三大指数今日（11月25日）集体走强，行业板块呈现普涨态势，教育、游戏、贵金属、能源金属、通信设备、电池、化学制药、光学光电 子、保险、消费电子板块涨幅居前；船舶制造板块逆市大跌。 从主力资金情况来看，沪深两市全天主力资金在连续7个交易日净流出后，今日净流入88.12亿元。 18个行业主力资金净流入，其中通信、电力设备、电子行业净流入金额均超36亿元，远超其他行业；机械设备、医药生物行业净流入金额均超15 亿元；汽车、有色金属、公用事业、交通运输、建筑材料等行业净流入金额均超5亿元。 13个主力资金净流出行业中，国防军工、计算机行业净流出金额居前，均超27亿元；传媒、非银金融、农林牧渔行业净流出金额均超9亿元。 10股获主力资金净流入 阳光电源主力资金净流入10.87亿元，居首。今日光伏板块大幅反弹，阳光电源涨4.95%，德福科技涨超8%，罗博特科涨超5%。 个股方面，海南瑞泽尾盘主力资金净 ...

Group 1 - A-shares indices collectively strengthened on November 25, with various sectors experiencing broad gains, particularly in education, gaming, precious metals, energy metals, communication equipment, battery, chemical pharmaceuticals, optical electronics, insurance, and consumer electronics [1] - The main funds in the Shanghai and Shenzhen markets saw a net inflow of 8.812 billion yuan after seven consecutive days of outflows, with 18 sectors experiencing net inflows [1] - The communication, power equipment, and electronics sectors each saw net inflows exceeding 3.6 billion yuan, significantly outpacing other sectors [1] Group 2 - Among individual stocks, 87 stocks had net inflows exceeding 100 million yuan, with 10 stocks seeing inflows over 500 million yuan [2] - Sunshine Power led with a net inflow of 1.087 billion yuan, boosted by a significant rebound in the photovoltaic sector [2] - Huadian Technology also saw a net inflow of 999 million yuan, with its stock price hitting the daily limit [2] Group 3 - The top 10 stocks with the highest net inflows included Sunshine Power, Huadian Technology, and Yingwei Ke, with respective inflows of 1.087 billion yuan, 999 million yuan, and 937 million yuan [3] - Conversely, 63 stocks experienced net outflows exceeding 100 million yuan, with BlueFocus and Shengguang Group leading the outflows [4] Group 4 - At the end of the trading day, the main funds saw a net outflow of 151 million yuan, with banking and power equipment sectors showing net inflows exceeding 300 million yuan [5] - Hainan Ruize attracted a net inflow of 104 million yuan at the close, while N Haian, Industrial Bank, and Zhongxing Communications also saw significant inflows [5] Group 5 - The tail-end net outflow rankings showed that New Yisheng had a net outflow exceeding 100 million yuan, with BlueFocus and Shengguang Group also experiencing substantial outflows [7]

今日（11月25日）科技成长方向强势进攻，创业板指涨超2.5%，科创综指涨逾1.7%，覆盖创业板+科创板高成长龙头的硬 科技宽基——双创龙头ETF（588330）场内涨幅盘中上探3.45%，现涨2.5%，实时成交额超3200万元，交投较为活跃！ 细分方向来看，光模块三巨头王者归来，中际旭创、新易盛涨超6%，天孚通信涨逾4%；PCB（印制电路板）方面，胜宏 科技涨超6%；光伏方面，阳光电源涨超5%，阿特斯涨逾2%。 【掘金新质生产力，投资中国版"纳斯达克"】 关注双创龙头ETF（588330）及其场外联接基金（A类：013317 / C类：013318）的三大特征： 1、跨市场多元配置，百分百战略新兴：标的指数从科创板和创业板中选取市值较大的50只战略新兴产业上市公司作为指 数样本，汇集高成长龙头，囊括新能源、光伏、光模块、半导体、医疗设备等热门主题； 2、成长风格"战斗基"，一键配置中国顶尖科技：全球科技博弈背景下，科技自立自强和产业链自主可控的重要性提升至 新高度，"中国版纳斯达克"呼之欲出； 3、高弹性工具捕捉科技行情，低门槛布局突围力量：标的指数20%涨跌幅限制，抢反弹更快，有能力担当"反弹先锋"。 相 ...

创50ETF紧密跟踪创业板50指数，创业板50指数由创业板市场中日均成交额较大的50只股票组成，反映 了创业板市场内知名度高、市值规模大、流动性好的企业的整体表现。 数据显示，截至2025年10月31日，创业板50指数(399673)前十大权重股分别为宁德时代(300750)、中际 旭创(300308)、东方财富(300059)、新易盛(300502)、阳光电源(300274)、胜宏科技(300476)、汇川技术 (300124)、迈瑞医疗(300760)、亿纬锂能(300014)、同花顺(300033)，前十大权重股合计占比70.15%。 创50ETF(159681)，场外联接(A：018482；C：018483；I：023024)。 截至2025年11月25日 10:08，创业板50指数(399673)强势上涨，成分股胜宏科技(300476)上涨7.40%，新 易盛(300502)上涨5.97%，中际旭创(300308)上涨5.74%，天孚通信(300394)，长川科技(300604)等个股跟 涨。创50ETF(159681)上涨2.50%，最新价报1.39元。 受AI概念催化，CPO、PCB再度走高，消 ...

Core Viewpoint - The article discusses the recent equity refinancing plan of Shengyi Electronics Co., Ltd., aiming to raise up to 2.6 billion yuan for various projects, including AI computing HDI production and high-layer circuit boards, while addressing liquidity and debt repayment needs [1][2][11]. Group 1: Company Overview - Shengyi Electronics, established in 1985 and headquartered in Dongguan, Guangdong, specializes in high-precision, high-density printed circuit boards (PCBs) and is a national high-tech enterprise [6]. - The company went public on the Shanghai Stock Exchange's Sci-Tech Innovation Board in February 2021, raising 2.066 billion yuan with an initial share price of 12.42 yuan [6]. Group 2: Financial Performance - In 2024, Shengyi Electronics reported a revenue of 4.687 billion yuan, a year-on-year increase of 43.2%, and a net profit of 332 million yuan, recovering from a loss of 25 million yuan in 2023 [8]. - The gross profit margin improved significantly from 10.07% in 2023 to 24.95% in 2024, driven by a higher proportion of high-value-added products, particularly in AI server PCBs [8]. - For the first three quarters of 2025, the company achieved a total revenue of 6.829 billion yuan, a year-on-year growth of 114.79%, and a net profit of 1.115 billion yuan, marking a 497.61% increase [9]. Group 3: Fundraising and Investment Plans - The planned fundraising of 2.6 billion yuan will be allocated to three main areas: the construction of an AI computing HDI production base, a smart manufacturing project for high-layer circuit boards, and to supplement working capital and repay bank loans [2][11]. - The AI computing HDI production base project will receive 1 billion yuan, accounting for 38.5% of the total funds, with an expected total investment of 2.032 billion yuan and a planned annual production capacity of 167,200 square meters [11]. - The smart manufacturing project for high-layer circuit boards will receive 1.1 billion yuan, representing 42.3% of the total funds, with an expected total investment of 1.937 billion yuan and a planned annual production capacity of 700,000 square meters [11].

Core Viewpoint - Jinlu Electronics (301282) specializes in the research, production, and sales of printed circuit boards (PCBs), with applications across various sectors including automotive electronics, communication electronics, industrial control, energy storage, consumer electronics, and medical devices [1] Summary by Category - **Company Overview** - Jinlu Electronics is engaged in the R&D, manufacturing, and sales of PCBs [1] - The company ranks 41st in the 2024 Comprehensive PCB Top 100 list and 21st in the Domestic PCB Top 100 list according to CPCA [1] - **Industry Position** - The company is recognized within the PCB industry, indicating a strong market presence and competitive positioning [1]

Group 1: Market Trends - The pace of new listings has slowed, with 12 new private placement projects added in the last two weeks, a decrease of 10 projects compared to the previous period[2] - The number of terminated projects also decreased by 8, totaling 8 terminations in the same period[2] - The number of projects approved by the review committee increased by 5, totaling 12 approvals, while the number of projects registered by the CSRC decreased by 13, totaling 2 registrations[2] Group 2: Project Analysis - Fangzheng Technology plans to raise up to 1.98 billion CNY for an AI and high-density interconnect circuit board project, expected to generate an annual output value of approximately 2 billion CNY[2] - Deler Co. intends to acquire 100% of Aizhuo Technology and raise 0.83 billion CNY for smart upgrades, with the target company's valuation at 270 million CNY, reflecting a 203.33% increase[2][26] Group 3: Pricing and Discount Rates - The average base discount rate for the newly listed projects was approximately 14.34%, with a market price discount rate of 21.94% for the only competitive project listed in the last two weeks[30] - The average market price discount rate for two pricing projects was 48.99%[31] Group 4: Lock-up Period Returns - Among the three competitive projects that were unlocked, two had positive returns, with an average absolute return of 21.56% and an average excess return of -22.25%[42] - The average market price discount rate for these projects was 11.04%, indicating a slight increase from the previous period[42] Group 5: Risk Factors - Risks include slower-than-expected progress in private placement reviews, fluctuations in secondary market stock prices, and changes in the market environment for private placement pricing[49]

Group 1: Market Trends - The pace of new public offerings has slowed, with 12 new projects added in the last two weeks, a decrease of 10 projects compared to the previous period[6] - The number of terminated projects also decreased by 8, totaling 8 terminations in the same period[6] - There are currently 624 projects in the normal review stage, with 67 projects having passed the review and registration, an increase of 10 projects[6] Group 2: Project Analysis - Fangzheng Technology plans to raise up to 1.98 billion CNY for an AI and high-density interconnect circuit board project, expected to generate an annual output value of approximately 2 billion CNY[23] - Deler Co. intends to acquire 100% of Aizhuo Technology and raise 83 million CNY for smart upgrades, with the target company's valuation at 270 million CNY, reflecting a 203.33% increase[25] Group 3: Fundraising and Pricing - In the last two weeks, three projects were listed, raising a total of 786 million CNY, a 96.47% decrease from the previous period[30] - The average market price discount rate for two fixed-price projects was 48.99%[31] - The average bid premium rate for Changbai Mountain was 9.27%, with a bid success rate of 77.78%[38] Group 4: Unlocking Gains - Among three newly unlocked bidding projects, 66.67% had positive returns, a decrease of 33.33 percentage points from the previous period[42] - The average absolute return on the unlocking day for these projects was 21.56%, marking a decline of 6.09 percentage points[42] - For four fixed-price projects, the average absolute return on the unlocking day was 92.33%, with a 100% success rate[46] Group 5: Risk Factors - Risks include slower-than-expected review progress, fluctuations in secondary market stock prices, and changes in the market environment for fundraising bids[48]

Investment Rating - The report maintains a "Buy" rating for the company [5] Core Insights - The company specializes in the research, production, and sales of printed circuit boards (PCBs), providing one-stop services from prototypes to mass production across various sectors including automotive electronics, computer communications, industrial control, and smart security [1][16] - The PCB industry is transitioning from scale expansion to technology-driven growth, with a projected compound annual growth rate (CAGR) of 5.2% from 2024 to 2029, driven by demand from emerging fields such as AI, 5G communication, and new energy vehicles [2] - The company's future growth is driven by "capacity release" and "benefits from emerging industries," with established production bases in Shenzhen, Xinfeng, and Zhuhai [3] Financial Summary - The company's projected revenues for 2025, 2026, and 2027 are 746 million, 1.544 billion, and 2.077 billion yuan respectively, with corresponding net profits of 31 million, 150 million, and 222 million yuan [4] - The company experienced a significant revenue increase of 57.22% in 2025 compared to 2024, and a projected growth of 106.93% in 2026 [4] Business Analysis - The company focuses on high-end PCB manufacturing, with a product range that includes HDI boards, flexible boards, and high-frequency boards, catering to various applications in smart security, automotive electronics, industrial control, and medical electronics [2][52] - The automotive electronics segment is particularly promising, with the demand for high-temperature and high-thermal conductivity PCBs increasing due to trends in smart driving and electrification [2][28] - The company is actively entering high-growth sectors such as AI servers, optical modules, and robotics, leveraging advanced manufacturing techniques to meet the needs of top-tier clients [3][29] Growth Potential - The company is expected to achieve significant growth as it optimizes its product structure and increases capacity utilization, particularly in the AI and robotics markets [3] - The automotive PCB market is projected to see a substantial increase in unit demand, with the average PCB usage per vehicle rising from 6-8 square meters in traditional vehicles to 18-25 square meters in electric vehicles [28] - The company is also focusing on the robotics sector, with a projected compound annual growth rate of over 60% for high-reliability PCBs used in humanoid robots [29]