今年以来，外资公募持续加大布局中国市场的力度。一方面，摩根士丹利基金、联博基金宣布加大注资；另一方面，多家外资公募多次发布看好中国市场的 论点。 其中，摩根资产管理近日发布的《2025年中全球市场展望》显示，中国资产是全球资产配置再平衡过程中的重要标的之一，下半年或存在结构性行情。 路博迈基金在《中国市场展望7月报》中称，目前来看，A股上行的部分条件已经具备，市场正在等待更确定性的因素落地。 从公募机构对A股市场的布局来看，路博迈基金、富达基金、摩根基金等机构新发行基金超过30只。另外，摩根基金、摩根士丹利基金、宏利基金近1月对A 股公司的调研均接近40只。那么，近1个月，这些知名外资公募都布局了哪些A股公司呢？（注：本文数据来源于Choice，截至2025年9月28日） 摩根基金：晶盛机电等3家公司被调研2次 摩根基金近1个月共调研了38家公司，其中晶盛机电3家公司被调研了2次，合计调研了41次。从今年来的涨幅来看，股价实现上涨的公司共有32家，其中涨 幅超过50%的有11家，股价翻倍的共有4家。从所属行业来看，科技成长方向受到聚焦，其中半导体、光伏设备、通用设备、医疗器械、自动化设备均有3家 公司在列。 ...

Core Viewpoint - Foreign public funds are increasingly investing in the Chinese market, with major firms like Morgan Stanley and Lipper announcing significant capital injections and expressing optimism about the market's potential [1] Group 1: Foreign Fund Activities - Morgan Stanley Investment Management's report indicates that Chinese assets are crucial in the global asset allocation rebalancing process, suggesting potential structural market opportunities in the second half of the year [1] - Lipper Fund's July report states that conditions for an upward trend in A-shares are forming, with the market awaiting more definitive factors [1] - Over 30 new funds have been launched by foreign public institutions such as Lipper, Fidelity, and Morgan funds, indicating a strong interest in A-share companies [1] Group 2: Company Research and Performance - Morgan Fund conducted research on 38 companies in the past month, with notable focus on companies like Jing Sheng Jidian, which was researched twice, and has seen a price increase of 53.31% in the last month [5] - Among the companies researched by Morgan Stanley, 18 have seen price increases of over 50% this year, with 8 companies doubling their stock prices, particularly in the semiconductor sector [6] - SourceJet Technology has experienced a remarkable year-to-date increase of 173.27%, attributed to the booming demand for computing power, with a recent monthly increase of 23.92% [8] Group 3: Sector Insights - The semiconductor industry is highlighted as a key area of interest, with multiple companies being researched and showing significant price increases [9] - The storage chip industry is undergoing a supply-demand restructuring due to the AI computing power revolution, leading to price increases for various memory products [11] - The report indicates that the semiconductor and general equipment sectors have the highest number of companies researched by foreign funds, reflecting their growing importance in the market [12]

Summary of Key Points Core Viewpoint The article provides an overview of the optoelectronic chip industry in China, highlighting key listed companies, their market positions, product offerings, and revenue projections for 2024. Group 1: Overview of Listed Companies - The main listed companies in the optoelectronic chip sector include Yuanjie Technology, Changguang Huaxin, Guangxun Technology, Shijia Photon, and Huagong Technology [1]. - The number of listed companies in the optoelectronic chip industry in A-shares is relatively small [1]. Group 2: Company Information and Market Position - Huagong Technology, established in 1999, has the highest registered capital at 1,005.50 million yuan, while Yuanjie Technology, founded in 2013, has the lowest at 85.95 million yuan [8]. - Guangxun Technology leads in patent numbers with 1,765, while Yuanjie Technology has the least with 34 [8]. - In terms of total market capitalization, Huagong Technology is at 50.335 billion yuan, while Changguang Huaxin is the lowest at 13.385 billion yuan [8]. Group 3: Product Layout and Capacity Comparison - Yuanjie Technology focuses on 100G EML laser chips and 25G DFB chips, with a planned production capacity of approximately 960,000 chips per year by 2024 and 20 million chips per year by 2026 [11][12]. - Changguang Huaxin plans to produce 100 million chips annually starting in 2025, covering multiple wavelength bands [11]. - Guangxun Technology has an annual production capacity of 120 million chips [11]. Group 4: Revenue Projections - For 2024, Yuanjie Technology's optoelectronic chip business is projected to account for nearly 100% of its total revenue, while Changguang Huaxin and Shijia Photon have relatively lower contributions [13]. Group 5: Business Planning and Development Strategies - Companies are focusing on technology research and development, product layout, market expansion, and capacity construction, with each having distinct strategies [13]. - Yuanjie Technology aims to enhance its high-end product offerings and expand into data center markets, while Changguang Huaxin is developing next-generation optical chip platform technologies [14].

Core Insights - The global market for high-speed optical chips is primarily located in the United States, with major suppliers based in the U.S. and Japan [2] - There is currently a supply shortage in the high-speed optical chip market, but suppliers in the U.S. and Japan are cautious about expanding production, creating an opportunity for Chinese high-end data communication chip companies [2]