2025.12.11 本文字数：2773，阅读时长大约5分钟 作者 |第一财经 周楠 年末，两大国产GPU龙头摩尔线程（688795.SH）、沐曦股份（688802.SH）陆续上市、打新，再度点 燃了市场对科技股的热情。外资也在重申对A股科技赛道的看好。 哪些机构在密集调研A股科技企业？据汇川技术披露，该公司在11月26日至12月5日密集接受机构调 研，高盛资管、富达国际、DWS等知名外资现身。 另据披露，当期，立讯精密吸引了贝莱德、花旗、高盛、摩根大通等外资调研；奥普特吸引了路博迈、 摩根大通等。 调研中，这些科技企业的研发投入、新产品情况，以及国际化战略等，成为机构调研重点。 近期，瑞银、富达国际等发布2026年展望观点，第一财经关注到，外资普遍看好中国人工智能（AI） 和科技股的明年表现。有外资称，现阶段，中国出现"AI泡沫"的可能性不大，预计明年AI应用场景将更 加丰富并加速变现。 最新的机构调研动态和持仓数据也显示出，外资持续布局中国科技股。Wind统计显示，11月以来，获 外资调研的A股公司中，AI相关企业数量居前。统计期间，汇川技术（300124.SZ）、立讯精密 （002475.SZ）、奥普特 ...

Core Viewpoint - The article highlights the renewed enthusiasm for Chinese technology stocks, particularly in the AI sector, driven by the recent IPOs of domestic GPU leaders and positive foreign investment sentiment towards A-shares in 2026 [3][4]. Group 1: Foreign Investment Sentiment - Foreign institutions, including UBS and Fidelity International, express optimism about the performance of Chinese AI and technology stocks in 2026, indicating a low likelihood of an "AI bubble" and expecting a richer array of AI application scenarios [4][12]. - Over 200 A-share companies have been surveyed by foreign investors since November, with AI-related firms like Huichuan Technology and Luxshare Precision receiving significant attention [6][9]. - High-profile foreign investment firms such as Goldman Sachs Asset Management and Morgan Stanley have been actively involved in these surveys, indicating strong interest in the technology sector [6][8]. Group 2: Key Companies and Their Strategies - Huichuan Technology has been focusing on promoting new products and expanding its international business, with a strategy of bundling products to meet customer needs [8]. - Luxshare Precision is enhancing manufacturing efficiency and investing in robotics, with a focus on general AI and core components [8]. - Other notable companies receiving foreign interest include Tonghui Electronics and Dazhu Laser, indicating a broader trend of foreign investment in the tech sector [8]. Group 3: Market Outlook and Growth Potential - Foreign investors predict a slow bull market for A-shares, with strong capital inflows and a potential 37% growth in corporate earnings in 2026 [12][16]. - Goldman Sachs forecasts a sustainable upward trend in the Chinese stock market, driven by AI capital expenditures, a resurgence in profitability, and increased global competitiveness [13][17]. - UBS emphasizes that the Chinese technology sector represents one of the most significant investment opportunities globally, supported by ample liquidity and a recovering market sentiment [12][17].

投资者关系活动记录表 证券代码：300124 证券简称：汇川技术 深圳市汇川技术股份有限公司投资者关系活动记录表 编号：2025-17 | 投资者关系活动 | 特定对象调研 □分析师会议 | | --- | --- | | 类别 | □媒体采访 □业绩说明会 | | | □新闻发布会 路演活动 | | | □现场参观 | | | 其他 电话会议 券商策略会 | | 参与单位名称及 | 一、11 月 26 日 | | | 第一场：现场调研 | | 人员姓名 | REST Super 共 1 人 | | | 第二场：现场调研 | | | AIYIKA 共 3 人 | | | 二、11 月 27 日 | | | 第一场：现场调研 | | | AGCM Group 共 10 人 | | | 三、11 月 28 日 | | | 第一场：现场调研 | | | 博时基金、华创证券共 2 人 | | | 第二场：现场调研 | | | Skerryvore Asset Management 共 2 人 | | | 四、12 月 2 日 | | | 第一场：券商策略会 | | | New China Life Asset ...

Group 1: Investor Relations Activities - The company conducted multiple investor relations activities from May 6 to May 16, 2025, including on-site research and conference calls, with a total of 136 participants across various sessions [6][7][8]. - Notable participants included major investment firms such as Point72, Allianz, and BlackRock, with a total of 91 participants in one of the strategy meetings [2][3][4]. Group 2: Business Growth Areas - The company aims to enhance its market share in automation, focusing on servo systems, variable frequency drives, and small PLC products, with a strategy to expand into industrial robots and precision machinery [8][9]. - The company is targeting the process industry as a key growth area, leveraging trends in digitalization and new industrialization to improve its offerings [8][11]. Group 3: Mergers and Acquisitions Strategy - The company is pursuing mergers and acquisitions that align closely with its core business in automation, precision machinery, and industrial software, aiming to build a comprehensive industrial ecosystem [11]. - Recent acquisitions include the purchase of SBC in 2023, which has strengthened the company's capabilities in precision machinery [9][11]. Group 4: Production Capacity and Expansion - The company has initiated production at a new factory in Nanjing, which focuses on industrial robots and precision machinery, enhancing its production capacity [9]. - The company is actively working to introduce new products into the Chinese market, leveraging collaborations with industrial clients [9][10].