钙钛矿、固态电池等新兴需求催化下，用碘量或将激增，碘价有望高涨。碘是钙钛矿光伏材料必需组分，主流厂商均采用碘系材料，我们测算1GW钙钛矿 电池组件用碘约10吨。碘也是硫化物固态电解质重要添加剂，目前当升科技、有研集团正积极推广，我们测算1GWh固态电池用碘约90吨。此外，碘供给受 限于海外巨头而相对刚性，医药、面板等传统需求稳定，碘价易涨难跌。我们判断新兴需求放量后碘价有望高涨。建议重点关注拥有优质碘回收产能、拥有 氢碘酸规模产能以及拥有海外碘矿权益的公司。 从基本面出发，10月行业配置思路为：1）胜率思维下，高风险偏好环境中，科技成长和非银金融有望充分受益，建议关注受《关于深入实施"人工智能+"行 动的意见》催化的偏下游应用的方向传媒和计算机，以及强beta 品种券商；2）赔率思维下，"水往低处流"，关注大金融方向涨幅落后的房地产；3）美联储 降息预期升温，关注有色金属和基础化工。4）10 月日历效应，建议关注社会服务板块。 主力净流入行业板块前五：有色金属，国产软件，稀土磁材，军工，风电； 主力净流入概念板块前五：国企改革，一带一路，人工智能，央企改革，云计 算数据中心； 主力净流入个股前十：北方稀土、科 ...

9月收官。 9月最后一个交易日，A股市场主要股指全线上扬，科创50指数较为强势；港股尾盘拉升，恒生指数涨 近1%，恒生科技指数大涨超2%。全月来看，A股主要指数月线均收涨，其中创业板指累计涨约12%创 逾3年新高，科创50指数涨超11%创近4年新高；从季度来看，上证指数累计上涨12.73%，深证成指上涨 29.25%，创业板指上涨50.40%；同时，上证指数、深证成指、创业板指均实现月线五连涨。 具体看今日（9月30日），沪指、深证成指盘中震荡上扬，创业板指探底回升，科创50指数一度涨超 2%。截至收盘，沪指涨0.52%报3882.78点，深证成指涨0.35%报13526.51点，创业板指收平报3238.16 点，科创50指数涨1.69%；沪深北三市合计成交21975亿元。 市场现明显分化，金融、酿酒等板块走低；有色板块再度爆发，江西铜业（600362）尾盘涨停、精艺股 份、华锡有色等均涨停；存储芯片概念活跃，江波龙、华虹公司（688347）、德明利等创出新高；军贸 概念崛起，航天南湖涨近10%，国睿科技、中航沈飞涨停；AI应用概念拉升，当虹科技20%涨停，品茗 科技盘中涨停股价突破100元大关，创历史新高； ...

9月收官。 9月最后一个交易日，A股市场主要股指全线上扬，科创50指数较为强势；港股尾盘拉升，恒生指数涨 近1%，恒生科技指数大涨超2%。全月来看，A股主要指数月线均收涨，其中创业板指累计涨约12%创 逾3年新高，科创50指数涨超11%创近4年新高；从季度来看，上证指数累计上涨12.73%，深证成指上涨 29.25%，创业板指上涨50.40%；同时，上证指数、深证成指、创业板指均实现月线五连涨。 具体看今日（9月30日），沪指、深证成指盘中震荡上扬，创业板指探底回升，科创50指数一度涨超 2%。截至收盘，沪指涨0.52%报3882.78点，深证成指涨0.35%报13526.51点，创业板指收平报3238.16 点，科创50指数涨1.69%；沪深北三市合计成交21975亿元。 市场现明显分化，金融、酿酒等板块走低；有色板块再度爆发，江西铜业（600362）尾盘涨停、精艺股 份、华锡有色等均涨停；存储芯片概念活跃，江波龙、华虹公司（688347）、德明利等创出新高；军贸 概念崛起，航天南湖涨近10%，国睿科技、中航沈飞涨停；AI应用概念拉升，当虹科技20%涨停，品茗 科技盘中涨停股价突破100元大关，创历史新高； ...

9月最后一个交易日，A股市场主要股指全线上扬，科创50指数较为强势；港股尾盘拉升，恒生指数涨近1%，恒生科技指数大涨超2%。全月来看，A股主要 指数月线均收涨，其中创业板指累计涨约12%创逾3年新高，科创50指数涨超11%创近4年新高；从季度来看，上证指数累计上涨12.73%，深证成指上涨 29.25%，创业板指上涨50.40%；同时，上证指数、深证成指、创业板指均实现月线五连涨。 具体看今日（9月30日），沪指、深证成指盘中震荡上扬，创业板指探底回升，科创50指数一度涨超2%。截至收盘，沪指涨0.52%报3882.78点，深证成指涨 0.35%报13526.51点，创业板指收平报3238.16点，科创50指数涨1.69%；沪深北三市合计成交21975亿元。 市场现明显分化，金融、酿酒等板块走低；有色板块再度爆发，江西铜业（600362）尾盘涨停、精艺股份、华锡有色等均涨停；存储芯片概念活跃，江波 龙、华虹公司（688347）、德明利等创出新高；军贸概念崛起，航天南湖涨近10%，国睿科技、中航沈飞涨停；AI应用概念拉升，当虹科技20%涨停，品茗 科技盘中涨停股价突破100元大关，创历史新高；此外，今日上市的云 ...

根据闪迪、芯存社公众号消息，9月以来，原厂接连调涨报价，Wafer、模组价格已小幅上涨。9月4日， NAND大厂闪迪（SanDisk）发布涨价函，面向渠道和消费者客户对闪存产品涨价10%+，主要由于北美 企业级eSSD需求高景气，以及行业供给向下一代节点、高端产品迁移，低端产品供给偏紧价格上涨。 预计近期闪存厂商有望陆续跟涨。另据报道，9月18日，继美光暂停报价后，三星也已通知大客户四季 度涨价，且三星预计NAND类eMMC/UFS协议价格涨幅5%—10%。 中信证券指出，9月以来，根据Bloomberg、CFM闪存市场，NAND Flash Wafer和部分存储模组均有不 同程度上涨，涨幅个位数。展望后续，Trend Force预计2025年四季度NAND Flash价格将上涨5%— 10%，后续数据中心eSSD涨价幅度有望超市场预期，2026年大容量QLCSSD有望出现爆发性增长。观看 待本轮结构性周期景气的持续性。在企业级SSD的需求高增下NAND涨幅有望超预期，核心推荐企业级 存储进展快、涨价受益逻辑强的公司；企业级SSD/内存配套芯片设计公司有望间接受益。 存储芯片概念30日盘中强势拉升，截至发稿， ...

Core Viewpoint - The company is focused on expanding its operations in the storage sector, particularly through its Changsha storage industrial park, while maintaining its headquarters in Beijing [2] Group 1: Company Strategy - The company plans to continue utilizing its Beijing platform as the headquarters while accelerating business development in Changsha [2] - The Changsha storage industrial park will gradually take on the main production responsibilities, ensuring production capacity and delivery efficiency to meet future sales demands [2] Group 2: Collaboration and Partnerships - There are inquiries about potential collaboration with local state-owned assets in Changsha to explore business expansion opportunities [2] - The company has been recognized for its achievements in storage technology research and product manufacturing, raising questions about possible OEM partnerships with Huawei in the flash memory sector to enhance cooperation [2]

Core Viewpoint - The A-share market is experiencing a strong trend with significant capital concentration towards core leading companies in industries with clear trends and solid fundamentals, despite over 3,800 stocks declining [1] Group 1: Market Overview - The A-share market continues to show strength, with the ChiNext Index breaking through 3200 points to reach a new high [1] - Leading stock Ningde Times saw its share price exceed 400 yuan, with a market capitalization reaching 1.84 trillion yuan, surpassing Kweichow Moutai [2][3] Group 2: Policy and Consumption - Eight departments, including the Ministry of Commerce, jointly issued guidelines to promote digital consumption, emphasizing the integration of artificial intelligence (AI) with consumer goods [5][7] - The guidelines focus on four main areas: AI hardware consumption (smartphones, wearables, etc.), AI terminal consumption (smart home appliances), intelligent driving consumption, and new digital consumption trends [8] Group 3: Technology Sector Focus - The market's main focus is on AI and new energy sectors, with significant capital flowing into these areas [9] - The AI industry chain is experiencing growth from upstream hardware (e.g., Inspur Information) to downstream applications (e.g., Kunlun Wanwei) [10] Group 4: Storage Industry Insights - The enterprise storage market is projected to reach approximately 87.8 billion USD by 2025, with a CAGR of about 18.7% from 2024 to 2028, driven by increasing AI demand [12] - The supply side of DRAM is tightening due to transitions between DDR4 and DDR5, leading to price increases for NAND products, with companies like SanDisk raising prices by 10% [12][13] Group 5: Opportunities in Domestic Supply Chain - Domestic storage module manufacturers are expected to benefit from the AI-driven demand and supply constraints, with a focus on high-quality component supply [13] - Key players in the storage industry include manufacturers of storage modules, chips, semiconductor equipment, materials, and packaging [14]

今日（9.24），硬科技主线重燃，科创新材料ETF汇添富(589180)大涨4.67%，昨日重获资金净流入！热门成分股中，上纬新材、神工股份20CM涨停，安集 科技涨超11%，聚合材料涨超10%，华海诚科涨超8%，厦钨新能涨超7%。 | 序号 | 代码 | 名称 | 涨跌幅 | 成交额▼ | 估自科重 | | --- | --- | --- | --- | --- | --- | | 1 | 688126 | 沪硅产业 | 5.89% | 37.61 Z | 10.51% | | 2 | 688503 | 聚和材料 | 10.81% | 22.99亿 | 2.83% | | 3 | 688019 | 安集科技 | 11.73% | 19.11亿 | 5.92% | | 4 | ୧୫୫୧୫୧ | 上纬新材 | 20.00% | 18.67亿 | 2.09% | | 5 | 688778 | 原钨新能 | 7.84% | 17.53亿 | 4.45% | | 6 | 688234 | 天岳先进 | 2.31% | 14.18亿 | 3.79% | | 7 | ୧୫8532 | 花酒城村 | 8.85% | 10. ...

半导体板块24日盘中强势拉升，光刻机、存储芯片概念等活跃。截至发稿，江丰电子20%涨停，联合化 学涨超18%，张江高科、通富微电等均涨停，盛美上海涨超9%。 中信证券指出，进入9月，海外存储大厂如闪迪、美光、三星相继对报价进行调整，其中闪迪向渠道和 消费者客户对闪存产品涨价10%+，美光阶段性暂停报价，三星对DRAM、NAND价格均有上调。从行 业角度，NAND在过去约3个季度的时间里保持相对较低的产能利用率水平，且价格涨幅低于DRAM， 叠加近期HDD需求超预期导致的紧缺，在企业级SSD的需求高增下NAND涨幅有望超预期。建议重视企 业级SSD需求景气度，重点关注企业级存储进展快、涨价受益逻辑强的公司。 消息面上，盛美上海23日在投资者互动平台表示，9月8日，公司宣布推出首款KrF工艺前道涂胶显影设 备UltraLithKrF，旨在支持半导体前端制造。该系统的问世标志着盛美上海光刻产品系列的重要扩充， 具有高产能、先进温控技术以及实时工艺控制和监测功能。首台设备系统已于2025年9月交付中国头部 逻辑晶圆厂客户。 此外，由于供应紧张，三星对其DRAM和NAND闪存产品进行了大幅提价，部分产品提价幅度高至 3 ...

Group 1 - The core viewpoint of the article indicates that major overseas storage manufacturers have adjusted their pricing strategies in September, with SanDisk increasing prices of flash memory products by over 10%, Micron temporarily halting quotes, and Samsung raising prices for both DRAM and NAND [1] - NAND has maintained relatively low capacity utilization rates over the past three quarters, and its price increase has been lower than that of DRAM. Additionally, the recent unexpected surge in HDD demand has led to shortages, suggesting that NAND prices may exceed expectations due to strong demand for enterprise SSDs [1] - The report emphasizes the importance of monitoring the demand for enterprise SSDs and recommends focusing on companies that are rapidly advancing in enterprise storage and are likely to benefit from price increases [1]