反观港股就平淡多了，恒生指数只微涨0.11%，恒生科技指数涨0.62%，交投清淡根本没跟上A股的节 奏，跨境资金的偏好差异太明显了！ 最关键的是，资金已经用脚投票，抱团了两个核心方向，这才是你接下来要重点关注的！ 第一个方向：科技成长赛道，通信+电子双爆发！ 今天A股的盘面太有看头了！不是普涨普跌的混沌行情，而是明牌的结构性机会，资金抱团的方向直接 给你指明白了！ 先给大家划重点信号：深强沪弱格局拉满，两市成交额直接放量1360亿，全天成交18619亿元！量能是 价的先行指标，这波放量上涨，说明资金进场的意愿明显提升，结构性行情还在升温！ 具体看指数：上证指数还算平稳，围绕平盘线震荡后小涨0.69%，报3917.36点，成交额7897.56亿元； 但深市那边彻底爆发，深证成指涨1.47%收13332.73点，成交额突破万亿大关；创业板指更是大涨 2.23%，收3191.98点，科创50指数也涨了2.04%，科技成长股彻底成了资金的香饽饽！ 当然风险也不能忽视，网信办和证监会在整治资本市场的不实信息，短期可能会影响市场情绪；而且成 交量虽然放大了，但还没突破前期高点，内资还比较犹豫，市场想持续走强还需要更多资金 ...

Core Insights - Moore Threads (688795) has successfully gone public, with its stock price experiencing significant increases, benefiting several A-share companies [1][3] Group 1: Century Huatong's Investment in Moore Threads - Century Huatong (002602) disclosed its specific holdings in Moore Threads, indicating that its wholly-owned subsidiary holds a 7.31% stake in Guosheng Capital, which owns 19.5887 million shares of Moore Threads, representing 4.90% of the pre-IPO total shares and 4.17% post-IPO [2] - The estimated impact of Century Huatong's stake in Moore Threads on its net profit for Q4 2025 is approximately 640 million yuan, accounting for 53% of the audited net profit for 2024 [2] - Century Huatong's investment in Moore Threads aligns with its strategy in the metaverse hardware ecosystem, having previously invested in leading companies in the AR display and GPU sectors [3] Group 2: Market Performance and Valuation - Moore Threads' stock surged by 425.46% on its first trading day and reached 735 yuan per share on December 10, resulting in a market capitalization of 345.5 billion yuan [3] - Century Huatong's stock has increased by over 240% this year, with a current market value of 130.5 billion yuan [4] - Other A-share companies, such as Heertai, have also invested in Moore Threads, holding 4.1051 million shares valued at approximately 3 billion yuan based on the December 10 closing price [4]

摩尔线程（688795）近日成功上市，其股价持续大涨，多家A股公司有望从中受益。 12月10日晚，A股游戏龙头世纪华通（002602）（002602）披露了对摩尔线程的具体持股情况。 公告显示，世纪华通全资子公司上海盛趣数盟企业管理有限公司（下称"盛趣数盟"）持有盛芯启程私募 投资基金（上海）合伙企业（有限合伙）（下称"国盛资本"）7.31%的份额。 截至公告披露日，国盛资本持有摩尔线程1958.87万股，国盛资本所持股份占摩尔线程首次公开发行前 总股本的4.90%，占摩尔线程发行后总股本的4.17%。国盛资本持有摩尔线程股份限售期为摩尔线程上 市后12个月。 世纪华通表示，根据企业会计准则相关规定，公司对所持国盛资本的份额划分为"以公允价值计量且其 变动计入当期损益的金融工具"，并列报在"其他非流动金融资产"中。 其中，光舟半导体设计及量产业界领先的AR显示光芯片及模组，在衍射光波导行业具有领先的技术； 而摩尔线程致力于面向元计算应用的新一代GPU，构建融合视觉计算、3D图形计算、科学计算及人工 智能计算的综合计算平台，建立基于云原生GPU计算的生态系统，助力VR产业发展。 作为游戏龙头，世纪华通自身游戏主 ...

Core Insights - The article highlights the official release and open-sourcing of the new generation large model GLM-4.6 by Zhiyuan on September 30, showcasing significant improvements in core capabilities such as Agentic Coding and code generation, aligning with Claude Sonnet 4 [1] Group 1: Product Development - GLM-4.6 has achieved substantial enhancements in its core functionalities, particularly in code generation capabilities [1] - The model has been deployed on domestic AI chips from Cambrian, utilizing a mixed quantization inference solution of FP8+Int4, marking the first instance of such a model-chip integration on domestic chips [1] Group 2: Technological Adaptation - Moore Threads has adapted GLM-4.6 using the vLLM inference framework, enabling the new generation GPU to operate stably under native FP8 precision [1]