ÈËÃñ±Ò¶ÒÃÀÔª»ãÂÊÉýÖÁ½üÊ®¸öÔÂиß £¬Äêµ×ÄÜ·ñÆÆ7 £¿ Ææ¸»¿Æ¼¼ÂÛÎÄÕ¶»ñASRU 2025 £¬¼¯ÆëÓïÒôÈý´ó¶¥»áÕÃÏÔ×ÔÑÐӲʵÁ¦ ÃñÌ©ÒøÐÐ˾Àí±»ÆØ¡°ÔÂβ¹òÇó´æ¿î £¬µ½Õ˺óʧÁª¡± ¾©¶«£º¼á¾ö¶Å¾ø²»Õýµ±¾ºÕù µÖÖÆ¡°0Ôª¹º¡±µÈ¶ñÐÔ½òÌù ¸Õ±»ÌØÀÊÆÕ¡°·£¡±¾ÍÈò½ £¿Ó¡¶È±»±¬»¹Ã»ÍýÏëÅê»÷¡¢×¥½ô21Ìì´°¿ÚÆÚ¼ÌÐøÌ¸ÅÐ ¡°Â±Î¶Èý¾ÞÍ·¡±ÉϰëÄ꣺ÃŵêËõ¼õ³¬Ç§¼Ò £¬Ì½Ë÷ÐÂӪҵѰÔöÁ¿ Kerrisdale CapitalÐû²¼¶ÔPure Storage½¨Éè¿ÕÍ·Í·´ç Õ侯Àî¶ÉÓªÊÕ´ó½µËijÉ £¬¡°°×¾Æ½Ì¸¸¡±ÎâÏò¶«Ï³¡ÅÄÆð¶ÌÊÓÆµ Éè¼Æ×ÜÔº£¨603357£©£ºÖб갲»ÕºÏ·Ê¹«¹²×ÊÔ´ÉúÒâÖÐÐIJɹºÏîÄ¿ £¬Öбê½ð¶îΪ4530.00ÍòÔª °£·òÌØ¹É¶«¶¦êÍÔ´Áؼõ³Ö4.6678%¹É·ÝÖÁ³Ö¹É5% ³¤³Ç»ù½ðÁº¸£î££ºÁ¢ÒìÒ©ÐÐÇéÖ§³ÖÂß¼­Î´±ä ÆÕ¾©³ÆÃÀ¹úÕýÆð¾¢¶øÕæ³ÏµØÆð¾¢¿¢ÊÂÕ½Õù 4055ÍòǧÍß ÉϺ£Óõ縺ºÉÁ¢Òì¸ß ÇÀµÇÎïÁªÍøÐ¾Æ¬È«ÇòÖÆ¸ßµã£¡Ì©Áè΢²¢¹ºÅÍÆô΢ £¬ÐÞ½¨È«³¡¾°²úÆ·Éú̬ ¶íÃÀÏòµ¼ÈË»áÎîÔÚ¼´ ÉúÒâÔ±ÇÀ¹ºÓÐÍûÊÜÒæÓÚÍ £»ð̸ÅеÄ×ʲú ¸Û¹ÉÁ¢ÒìÒ©¿´·¨´ó·ù»Øµ÷ £¬»ú¹¹³ÆÖйúÁ¢ÒìÒ©¹¤ÒµÓ­À´¼ÛÖµÖØ¹À »á»üɽ£ºÉϰëÄê¹éĸ¾»ÀûÈó9387.71ÍòÔª £¬Í¬±ÈÔöÌí3.41% Ê¢¸»À³IPOÖÕÖ¹ £¬Òµ¼¨Ï»¬»òÊÇÖ÷Òò ×îÐÂн³ê£¡Citadel Securities¡¢XTX¡¢Point72¡¢G-Research ¹â·üÐÐÒµ¡°·´ÄÚ¾í¡±¸ßÖÊÁ¿Éú³¤ ¶«·½ÈÕÉýµÈÓÅÖʹâ·üÆóÒµÓ­À´¼ÛÖµÖØ¹À ºã²ª¹É·Ý£º×èÖ¹2025Äê8ÔÂ8ÈÕ¹«Ë¾¹É¶«ÈËÊýΪ6779»§ ÆÊÎöʦ£º50%¹ØË°½«ÁîÓ¡¶È¾­¼ÃÊÜ´´¼ÓÉî GDPÔöËÙ»òïÔÌ­1¸ö°Ù·Öµã ±´É­ÌسÆ £¬ÃÀ¹ú¶ÔÓ¢ÌØ¶ûµÄͶ×ÊÖ¼ÔÚ×ÊÖú¸Ã¹«Ë¾ÎȹÌÉú³¤ ÃÀ¹ú30ÄêÆÚµäÖÊ´û¿îÀûÂÊϽµ ´´2Ô·ÝÒÔÀ´×î´ó½µ·ù º®ÍõÐÝÏ¢ £¬ÄþÍõ½Ó°ô£¡×ʽðÆð¾¢ÇÀ³ï´´Òµ°åÈ˹¤ÖÇÄÜETF£¨159363£©£¡¸Û¹ÉͨÁ¢ÒìÒ©ETF£¨520880£©ºÀÕÇ4%£¡ ÖйúÌú½¨ÕÙ¿ª2025Äê°ëÄ걨ҵ¼¨Ðû²¼µç»°»á ·¾¢ÉϰëÄê¹É¶«Ó¦Õ¼¿÷Ëð20.34ÒÚ¸ÛÔª ¸Û¹É £¬ÖØ´óµ÷½â£¡ ȯÉÌ¡°´ó¿¼¡±¹æÔò±äÁË£¡ÔõÑù¼Ó¼õ·Ö £¿×îнâ¶ÁÀ´ÁË ÖìÉÁ¶Ô»°Ú÷×ÓÆ½£ºAIÊÇ×î´óµÄ·¶Ê½×ª±ä £¬×÷ÓýÏÂÒ»´ú¾­µä°¸Àý ¡¾Î¢¾Û½¹¡¿²ÆÎñ¹«Ë¾£º´Ó¡°×ʽð¹Ü¼Ò¡±µ½¡°²úÈÚЭͬÕß¡± ÓâÆÚ9.86ÒÚÔª £¬ÑïÖݰô½Ü±»ÉêÇëÐÝÒµÖØÕû С·½ÖÆÒ©£º9ÔÂ12ÈÕ½«ÕÙ¿ª2025Äê°ëÄê¶ÈÒµ¼¨ËµÃ÷»á ÂÌÁª65WÉìËõÏß³äµçÆ÷ £¬¶à»úÐÍÊÊÓÃ139Ôª º®Îä¼Í £¬Ð¹ÉÍõ£¡PCBÁúÍ· £¬ÀúÊ·ÐÂ¸ß ÌØË¹À­7ÔÂÅ·ÖÞÏúÁ¿Í¬±ÈϽµ40.2% £¬±ÈÑǵÏÏúÁ¿ì­Éý225.3% 2025Äê¾ü¹¤ÐÐÒµÖб¨Òµ¼¨×ÛÊö£ºÐÐÒµ¾°Æø·ºÆðËÕÐÑ £¬µ¼µ¯ºÍ¾ü¹¤µç×Ó¸ÄÉÆÏÔ×Å ÌìÐÇÒ½ÁÆ £¬º£ÄÚ×î´óµÄÔ˶¯Ò½Ñ§½â¾ö¼Æ»®ÌṩÉÌ £¬µÝ½»IPOÕйÉÊé £¬Ä⸰Ïã¸ÛÉÏÊÐ »ª¹â»·ÄÜ(600475)6ÔÂ30Èչɶ«»§Êý1.7Íò»§ £¬½ÏÉÏÆÚïÔÌ­19.13% ǧÀï¿Æ¼¼£º9ÔÂ8ÈÕ½«ÕÙ¿ª2025Äê°ëÄê¶ÈÒµ¼¨ËµÃ÷»á È«Ïßϵø£¡Êг¡Í»È»´ó×Ú·ºÆð £¬Ò»¾­¼ÛÇ®¹ýÍòÏÖÔÚ800¶àÔª¡­¡­ Òç¼Û50% ÉÏÊÐPEÒª»¨2.13ÒÚÏÖ½ðÂòÏ»úеÈË¡°¸ÐÖªÉñ¾­¡± A¹ÉÖØ´óÎ¥·¨ÍËÊа¸Àý¼¤Ôö Öйúºã´ó £¬ÕýʽÍËÊУ¡ ÃÀÎÚ̸ÅУºÐÂÀ˲ƾ­ÉçÇøÔõÑù×ÊÖúͶ×ÊÕß¿´ÇåÊг ¡ £¿ °ëÄêÊÕÈë152ÒÚ £¬º£ÌìζҵÍâÑóÈÔ´¦¡°Æð²½ÆÚ¡± ¡¾ÇṤ¡¿ÇṤ·Ä·þ°ëÄê¶ÈÒµ¼¨¾ùÓгÐѹ £¬¹Ø×¢°ü×°Ö½¡¢³ö¿ÚÁ´ÐÞ¸´¡ª¡ªÇá¹¤ÖÆÔì&·ÄÖ¯ÒÂÊÎÐÐÒµ2025Äê°ëÄ걨ҵ¼¨×ÛÊö ´ÓÖÊÒɵ½ÐÅÈÎ £¬³¤³ÇÆû³µ¿¸¶¦ÖйúÖÆÔì »¦Ö¸ÁùÁ¬Ñô ´´ÓâÈýÄê°ëÊÕÅÌÐÂ¸ß ÉîÖ¤³ÉÖ¸´´ÄêÄÚÐÂ¸ß ²©ÑÅÉúÎïÉϰëÄêÓªÊÕͬ±ÈÔöÌí12.51% ¶Ö½¬²úÖµÎȾÓÐÐҵǰÏß