電子-關(guān)注Pico銷售和特斯拉機(jī)器人發(fā)布

1Feb-22Jun-22Sep-22告Feb-22Jun-22Sep-22告華泰研究專題研究增增持(維持)華泰觀點(diǎn)：關(guān)注Pico銷售及特斯拉機(jī)器人發(fā)布周宏偉在接受經(jīng)濟(jì)觀察網(wǎng)采訪時(shí)表示目標(biāo)100+萬臺(tái)(據(jù)IDC，Pico3累計(jì)銷量55.8萬特斯拉召開年度AIDay，發(fā)布特斯拉機(jī)器人原型機(jī)。馬斯克承認(rèn)機(jī)器人實(shí)際量A調(diào)風(fēng)險(xiǎn)。華泰觀點(diǎn)#2：國慶期間留意電動(dòng)車競爭和銷量融資租賃建議關(guān)注10月起新車貢獻(xiàn)和電動(dòng)車競爭格局變化。面板方面，據(jù)CINNOResearch三家液晶電視面板庫存水位已A股：SW電子下跌4.2%，跑輸上證指數(shù)(-2.1%)A5%。上周奕瑞總投資芯?？萍际状喂_發(fā)行175萬股戰(zhàn)略配售限售股，股價(jià)下跌8.3%。其它漲幅居前企業(yè)包括：?？低?+4.7%)、三環(huán)集團(tuán)(+4.1%)；跌幅居前企業(yè)包括：華大九天(-10.9%)、概倫電子(-9.7%)。北上資金上周合計(jì)凈流入58億元，港股：恒生科技指數(shù)下跌3.9%，跑贏恒生指數(shù)(-4.0%)額合計(jì)727億港元，環(huán)比漲6.4%。恒生科技主要成分股中其它漲幅居前企業(yè)包括：美團(tuán)(+3.3%)、攜程集團(tuán)(+1.9%)；跌幅居前的企業(yè)包括：商湯科技(-17.5%)、明源云(-16.4%)。南向資金上周合計(jì)凈流入66億元，主要增持騰訊控股、中國移動(dòng)、美團(tuán)，減持舜宇光學(xué)科技、中芯團(tuán)漲3.3%、阿里巴巴跌0.6%、百度跌海外：納斯達(dá)克中概股下跌2.2%，納指下跌2.7%，標(biāo)普500下跌2.9%2.9%、費(fèi)城半導(dǎo)體指數(shù)跌4.2%。十年期美債利率上升14bp至3.83%。半導(dǎo)體板塊跌幅較大的為東京電子(-9.9%)、臺(tái)積電(-7.3%)、AMD超威半導(dǎo)體(-6.8%)。。上周比特幣漲2.6%。風(fēng)險(xiǎn)提示：海外疫情升級(jí)風(fēng)險(xiǎn)，宏觀下行風(fēng)險(xiǎn)，創(chuàng)新品滲透不及預(yù)期風(fēng)險(xiǎn)。本研報(bào)中涉及到未上市公司或未覆蓋個(gè)股內(nèi)容，均系對(duì)其客觀公開信息的整理，并不代表本研究團(tuán)隊(duì)對(duì)該公司、該股票的推薦或覆蓋。研究員SACNo.S0570521050001SFCNo.AUZ066研究員SACNo.S0570521070004SFCNo.BPH392研究員SACNo.S0570522020001研究員SACNo.S0570522070002聯(lián)系人SACNo.S0570121090024SFCNo.BSF274聯(lián)系人SACNo.S0570121040041SFCNo.BOB674聯(lián)系人SACNo.S0570121070191SFCNo.BRH099leping.huang@+(852)36586000chenxudong@+(86)2128972228zhanghaoyi@+(86)2128972228liuyi020747@+(86)2128972228zhangyu@+(86)1063211166huyuzhou@+(852)36586000andrewhuang@+(852)36586000行業(yè)走勢圖子滬深子(%)1(10)(21)(32)Oct-21資料來源：Wind，華泰研究304688052CH納芯微3.6%3.2%3.0%1.5%1.3%1.3%0.9%-0.3%-0.6%-0.8%-0.9%-0.9%-1.8%-2.0%-2.2%-2.3%-2.3%-2.3%-2.5%-2.5%-2.5%-2.8%-3.0%-3.8%-3.9%-4.1%-4.5%-4.5%-4.6%-4.8%-4.9%-5.2%-5.3%-5.9%-6.4%-6.4%-6.7%-7.0%-7.2%-7.3%-7.3%-7.8%-8.0%-8.0%-8.0%-8.3%-9.6%-9.7% 0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0304688052CH納芯微3.6%3.2%3.0%1.5%1.3%1.3%0.9%-0.3%-0.6%-0.8%-0.9%-0.9%-1.8%-2.0%-2.2%-2.3%-2.3%-2.3%-2.5%-2.5%-2.5%-2.8%-3.0%-3.8%-3.9%-4.1%-4.5%-4.5%-4.6%-4.8%-4.9%-5.2%-5.3%-5.9%-6.4%-6.4%-6.7%-7.0%-7.2%-7.3%-7.3%-7.8%-8.0%-8.0%-8.0%-8.3%-9.6%-9.7% 0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%n.a.20.44.5n.a.6.5n.a.n.a.18.5n.a.n.a.n.a.2.112.0n.a.4.91.373.068.28.55.02.09.2231.71.2n.a.n.a.8.04.447.327.754.211.1n.a.7.319.72.30.531.511.35.51.41.33.9n.a.3.3n.a.n.a.n.a.n.a.n.a.n.a.-21.071.246.529.82518.724.190.797.143.0-26.7209.377.324.233.929.3219.535.119.582.222.522.436.861.566.835.1135.8216.611.819.660.320.674.431.627.822.224.434.522.468.0N.A.17.724.653.422.032.3N.A.279.7261.40.03.10.00.03.10.00.00.01.71.00.00.50.00.02.02.65.01.80.4n.a.9.34.0n.a.1.01.80.02.00.00.0n.a.0.00.045.334.323.3478.921.356.868.428.8-34.6125.950.122.024.919.7149.824.515.258.717.717.625.641.267.724.182.1114.410.417.547.016.753.224.418.916.919.526.516.757.428.423.97.0N.A.14.017.931.014.720.9N.A.205.9195.118.214.75.418.65.721.016.914.224.628.621.36.216.69.913.97.33.610.34.15.54.812.116.84.226.57.81.11.814.65.419.64.63.64.08.98.75.59.44.54.30.9N.A.1.05.413.34.65.4N.A.47.161.812.410.44.312.64.813.311.79.616.519.414.35.412.16.610.75.32.87.63.24.33.78.514.93.417.36.11.01.610.84.213.33.52.73.17.16.64.28.43.93.20.9N.A.0.84.09.23.34.1N.A.32.945.8301.0140.974.053.847.6332.2104.152.362.7298.5108.537.8224.476.317.967.580.1278.449.433.317.557.016.047.658.844.021.48.1107.993.8324.032.176.365.088.485.017.718.054.239.747.8233.330.990.3CNY圣邦股份北京君正安路科技-U華潤微華海清科盛美上海瀾起科技寒武紀(jì)-U拓荊科技-U長光華芯中芯國際華峰測控聚辰股份滬硅產(chǎn)業(yè)-U瑞芯微韋爾股份北方華創(chuàng)揚(yáng)杰科技中穎電子三安光電長川科技中芯國際匯頂科技海光信息芯原股份-U長電科技華天科技中微公司兆易創(chuàng)新斯達(dá)半導(dǎo)士蘭微樂鑫科技晶晨股份卓勝微新潔能捷捷微電華虹半導(dǎo)體時(shí)代電氣至純科技ASMPT國科微通富微電芯朋微思瑞浦恒玄科技芯?？萍际⒚腊雽?dǎo)體概倫電子華大九天16.2%-31.5%-44.7%-25.0%-26.1% 48.2%-18.5%-37.3%-34.1%223.4% 36.9%-28.7%-34.8% 12.7%-30.9%-50.3%-65.1%-19.7%-26.3%-45.6%-53.2% -0.6%-14.3%-55.7% -2.1%-43.2%-30.4%-36.0%-14.8%-46.3%-14.8%-40.7%-59.2%-50.1%-56.6%-32.8%-43.4%-58.2%-33.4%-17.5%-40.2%-64.2%-22.4%-55.1%-54.7%-68.7%-61.6%-56.2%-15.6%20.4%5023562156293544515932513781471,603204924882829491,4712531147833451,6032181,36721938126066562555345461267472181130212634127177120200582791144852134490CNYCNYCNYCNYCNYCNYCNYCNYCNYCNYUSDCNYCNYCNYCNYCNYCNYCNYCNYCNYCNYUSDCNYCNYCNYCNYCNYCNYCNYCNYCNYCNYCNYCNYCNYCNYUSDCNYCNYHKDCNYCNYCNYCNYCNYCNYUSDCNYCNY-4.6n.a.-6.6n.a.n.a.18.5n.a.n.a.n.a.1-8.9n.a.-4.9-73.9-69.3-8.6-5.0-9.4-229.4n.a.n.a.-7.8-4.3-46.8-27.6-53.711.0n.a.119.6-2.3-0.5-30.511.0-5.5-3.8n.a.-3.2n.a.n.a.n.a.n.a.n.a.8.2%688301CH奕瑞科技0.0%5.6%2.6378521.761.845.7CNY海康威視三環(huán)集團(tuán)傳音控股視源股份環(huán)旭電子工業(yè)富聯(lián)鵬鼎控股安潔科技生益科技深南電路藍(lán)思科技利亞德深天馬A京東方A信維通信TCL科技江海股份法拉電子大華股份歌爾股份順絡(luò)電子小米集團(tuán)-W滬電股份風(fēng)華高科德賽電池建滔積層板聯(lián)想集團(tuán)舜宇光學(xué)科技長盈精密瑞聲科技立訊精密涂鴉智能2,8704994684163321,692601853043884591402091,2481375092023623909051602,0281891631252005997461291342,083404.7%4.1%2.8%0.9%-0.8%-2.0%-2.2%-2.3%-2.5%-2.7%-3.0%-3.2%-3.3%-3.5%-3.5%-3.7%-4.2%-4.4%-4.5%-4.8%-5.1%-5.3%-5.4%-6.3%-6.4%-6.7%-7.0%-7.1%-7.2%-7.3%-7.8%-8.0%-40.2%-41.0%-62.3%-25.7% -4.2%-24.7%-37.9%-26.0%-42.3%-37.3%-59.5%-45.8%-34.1%-31.6%-43.9%-39.1%-11.0%-30.2%-44.3%-50.7%-47.4%-52.6%-39.3%-52.5%-27.2%-41.7%-36.6%-69.2%-46.0%-60.1%-40.0%-85.1%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%3.17.01.01.70.50.31.61.71.52.40.81.40.70.61.40.34.39.41.00.93.10.72.33.10.60.80.92.50.90.81.02.113.217.79.714.411.17.012.815.411.117.412.311.817.35.512.45.924.426.47.913.214.614.211.013.511.74.428.219.119.113.415.7-4.115.923.012.917.713.57.714.921.213.721.317.715.99.931.935.09.716.718.921.414.818.513.94.030.626.4164.617.520.8-3.430.426.058.259.715.18.525.912.414.23.624.2160.712.926.519.89.010.05.575.210.712.34.03.0n.a.n.a.n.a.n.a.1.9n.a.7.4n.a.14.07.51.03.447.022.019.670.111.1312.01.014.9126.02.79.7168.0n.a.12.617.9-9.1-9.313.22.65.50.81.40.40.31.41.41.32.00.71.10.60.51.20.23.47.10.90.72.50.61.92.30.50.80.92.10.70.70.81.7CNYCNYCNYCNYCNYCNYCNYCNYCNYCNYCNYCNYCNYCNYCNYCNYCNYCNYCNYCNYCNYCNYCNYCNYCNYHKDUSDCNYCNYCNYCNYUSD-41.312.3-0.7-9.313.9-7.4-3.4-45.812.5-5.3-21.919.2-69.510.8-306.0-0.6-0.914.2-121.8-2.6-9.4-162.0n.a. 0.0%0.0%n.a.n.a.-39.2%-33.2%42.014.11.50.41.40.41-33.92.235.7613867660.919.047.220.7USDCNYCNY002920CH德賽西威121.4-25.7-47.43.51.9-13.6%0.0%-23.6%n.a.n.a.n.a.公司名稱財(cái)報(bào)貨幣市值(人民幣億股價(jià)變動(dòng)北向/南向資金流公司名稱財(cái)報(bào)貨幣市值(人民幣億股價(jià)變動(dòng)北向/南向資金流南向/北向資金持入(億人民幣/億股市值(億人民幣南向/北向資金持股比例(%)P/EP/S代碼(元交易元)貨幣)2022E元)貨幣)2022E2023E2022E2023E1W1MYTD半導(dǎo)體港元)300661CH300223CH688107CH688396CH688120CH688082CH688008CH688256CH688072CH688048CH688981CH688200CH688123CH688126CH603893CH603501CH002371CH300373CH300327CH600703CH300604CH0981HK603160CH688041CH688521CH600584CH002185CH688012CH603986CH603290CH600460CH688018CH688099CH300782CH605111CH300623CH1347HK688187CH603690CH0522HK300672CH002156CH688508CH688536CH688608CH688595CHACMRUS688206CH301269CH非非半導(dǎo)體--5.6002415CH300408CH688036CH002841CH601231CH601138CH002938CH002635CH600183CH002916CH300433CH300296CH000050CH000725CH300136CH000100CH002484CH600563CH002236CH002241CH002138CH1810HK002463CH000636CH000049CH1888HK0992HK2382HK300115CH2018HK002475CHTUYAUS6088HKFITHONTENG0285HK比亞迪電子汽車電子138.063.50.0%-2.2%-32.531.34.1300496CH中科創(chuàng)達(dá)CNY482105.652.238.08.25.9-2.70.0%-23.5%-41.140.411.2002906CH華陽集團(tuán)CNY19240.345.3-4.60.0%-26.2%-2015HK理想汽車-WCNY1,70890.6-372.6-4.80.0%-26.2%-122.9120.4n.a.002036CH聯(lián)創(chuàng)電子CNY14613.744.8-5.50.0%-43.4%-688326CH經(jīng)緯恒潤-WCNY217181.095.267.05.13.9-7.30.0%81.0%n.a.n.a.0.0002405CH四維圖新CNY27511.582.5-7.30.0%-27.5%10.511.13.99868HK小鵬汽車-WCNY73046.0-%0.0%-75.3%-32.933.6n.a.9866HK蔚來-SWCNY1,858注：此表中北向/南向資金流入=北向/南向資金流入股數(shù)*周交易均價(jià)，使用Wind一致預(yù)期。資料來源：Wind，華泰研究股價(jià)變動(dòng)YTD南向/北向資金南向/北向資金持股市值(億人民幣/億元)2.4923.037.83.362.68.2北向/南向資金流入(億人民幣/億港收盤價(jià)(當(dāng)?shù)刎泿旁?8.163.068.33.87.033.9股價(jià)變動(dòng)YTD南向/北向資金南向/北向資金持股市值(億人民幣/億元)2.4923.037.83.362.68.2北向/南向資金流入(億人民幣/億港收盤價(jià)(當(dāng)?shù)刎泿旁?8.163.068.33.87.033.945.678.177.532.85.336.80.127.524.978.07.1266.451.022.36,190.7473.23,392.31,795.717,222.8P/E2022E8.226.321.477.320.034.334.221.631.042.446.055.349.621.360.5N.A.31.896.8-8.3309.4N.A.52.773.868.682.5483.6-96.8P/S2022E2023E持股比例(%)3.90.00.60.05.87.62023E5.820.56.023.022.524.131.334.641.437.643.258.127.838.0N.A.24.942.2-21.99.6N.A.58.634.154.349.856.548.58.784.50.0--0.60.00.1-0.20.8-0.6-0.2-0.8---0.2-0.522.14.0市市值(人民幣億元)公司名稱財(cái)報(bào)貨幣代碼通信2.3%0.7%0.3%-0.8%-0.9%2.3%0.7%0.3%-0.8%-0.9%-3.6%-3.7%-3.7%-3.8%-4.2%-4.2%-4.2%-5.3%-5.8%-5.9%-5.9% CDUS300628CH688100CH600941CH601728CH688048CH300502CH002402CH002396CH0941HK600050CH300308CH000063CH000938CH000988CH300383CH0728HK0762HK002123CH603236CH002139CH9698HK-4.3% 9.9% 5.4% -0.9% -5.6% -8.3% 2.6% -3.5%-22.7%-22.7%-36.9%-0.6% -8.0% 0.7% -7.0% -9.0% 7.4% -7.0% -8.4% -3.2%-24.0% -23.8% 3.6%11.7% -6.8% 2.7%-32.9%-35.2%22.6%-21.8%-43.6%25.5% -4.5%36.9%-45.8%-46.0%-22.7%16.7%-38.2%-35.3%-30.2%-33.4%-46.0%19.1% -27.0%-44.4%-62.0%-57.9%-30.7%-28.9%-28.2% 3.4%-45.4%-45.6%-50.7%-26.0%-37.3%-23.5%-38.7%-64.8%-44.4%-44.6%-39.6%-82.2%-47.6%-50.8%-23.8%-33.7%-44.9%-27.5%-52.9%-51.0%-57.2%-70.9%CNYCNYCNYCNYCNYCNYCNYCNYCNYCNYCNYCNYCNYCNYCNYCNYCNYCNYCNYCNYCNYCNY9.03.01.40.72.41.40.51.10.31.80.70.51.01.60.50.31.51.01.12.43.6.47.66.44.88.92.9.74.70.72.45.93.93.02.41.00.36.23.84.8.3.23.35.21.42.75.67.02086869,8513,3189,851209484543,31877821623711.74.01.60.721.33.01.80.61.10.32.10.80.61.41.80.50.31.81.31.42.84.525.49.47.96.310.73.616.45.70.83.28.2N.A.4.93.73.01.20.47.3N.A.4.96.222.817.84.56.91.63.77.09.70.00.10.3-0.30.60.10.10.5-0.8億聯(lián)網(wǎng)絡(luò)威勝信息中國移動(dòng)中國電信長光華芯新易盛和而泰星網(wǎng)銳捷中國移動(dòng)中國聯(lián)通中際旭創(chuàng)中興通訊紫光股份華工科技光環(huán)新網(wǎng)中國電信中國聯(lián)通夢網(wǎng)科技移遠(yuǎn)通信拓邦股份萬國數(shù)據(jù)計(jì)算機(jī)計(jì)算機(jī)9.7%5.8%4.2%0.9%0.3%-09.7%5.8%4.2%0.9%0.3%-0.9%-2.5%-2.6%-2.7%-2.7%-2.9%-3.8%-5.2%-5.5%-5.9%-6.9%-7.0%-7.0%-7.3%-7.3%-7.7% 300253CH688188CH600570CH002410CH688777CH300033CH002439CH688088CH600588CH600271CH002230CH300496CH002065CH600845CH3888HK2013HK002373CH000977CH002153CH8083HK300454CH002268CH688111CH688083CH688023CH002405CH300773CH688561CH0268HK0020HKCNYCNYCNYCNYCNYCNYCNYCNYCNYCNYCNYCNYCNYCNYHKDHKDCNYCNYCNYHKDCNYCNYCNY6.28.885.464.69.912.321.10.843.235.737.53.333.211.26.619.67.536.52.849.910.1918.40.2277444488417704634824625842892604162332827529423483.80.04.10.02.40.00.00.00.00.0-0.6CNYCNYCNYCNYCNYHKDHKD0.0柏楚電子恒生電子廣聯(lián)達(dá)中控技術(shù)啟明星辰虹軟科技用友網(wǎng)絡(luò)航天信息科大訊飛中科創(chuàng)達(dá)東華軟件寶信軟件金山軟件微盟集團(tuán)千方科技浪潮信息石基信息中國有贊深信服衛(wèi)士通金山辦公中望軟件安恒信息四維圖新拉卡拉奇安信金蝶國際商湯科技傳媒傳媒&互聯(lián)網(wǎng)7.4%3.3%0.7%-0.2%-0.6%7.4%3.3%0.7%-0.2%-0.6%-2.0%-2.7%-3.3%-6.9%-2.2%-2.7%-3.0%-3.4%-3.9%-4.0%-26.5%-33.0%-56.3%-34.4%-33.4%-32.6%-43.3%-25.8%-39.6%-23.9%-66.6%-29.3%-54.6%-30.4%-35.2%-34.7%-39.2%-26.4%CNYHKDCNYCNYHKDCNYCNYHKDCNYHKDHKDHKDHKDHKDD002027CH3690HK002555CH300413CH9988HK002624CH002739CH9888HK300251CH9618HK0700HK9999HK9626HK24HK-8.9% -8.2%-23.2%-25.9%-30.5% -8.3% -8.3% 2.334.326.881.022.421.2-5.721.112.96.75.2179.34.63.510.12.01.816.82.92.514.61.81.611.52.52.119.52.01.522.02.52.220.210.28.338.00.60.517.34.43.918.44.03.5-8.32.11.6-40.42.31.915.22.72.4979,26986466362412272,8532085,61023,1213,520423200.60.56.5.823.0芒果超媒阿里巴巴完美世界萬達(dá)電影度光線傳媒京東集團(tuán)騰訊嗶哩嗶哩-SW快手-W0772HK0772HK指數(shù)納斯達(dá)克中概股指數(shù)傳媒(申萬)XC納斯達(dá)克中概股指數(shù)傳媒(申萬)XCO801760.SI801750.SI801770.SIHSTECH.HIHSI.HI 通信(申萬)恒生科技恒生指數(shù)注：此表中北向/南向資金流入=北向/南向資金流入股數(shù)*周交易均價(jià)，使用Wind一致預(yù)期。資料來源：Wind，華泰研究代碼代碼公司板塊分類成分占比交易貨幣市值股價(jià)(億元港幣)(港幣元)股價(jià)漲跌幅30DYTD恒生科技指數(shù)成份3690HK訊科技8.21%3.12.8%43.8%6690HK智家非必須性消費(fèi)4.40%,08024.052.8%11.2%9961HK攜程集團(tuán)-S非必須性消費(fèi)0.76%210.80..2%24.8%6618HK京東健康4.28%45.10-0.17.5%69.9%9988HK訊科技8.21%21,037.95-0.17.3%66.5%0241HK620020.9%84.3%9888HK訊科技4.64%4,01819.4%54.7%0981HK訊科技4.95%2,25727.6%9618HK京東集團(tuán)訊科技8.89%90219.5%40.6%0700HK騰訊訊科技7.66%32,565266.40-3.-3.18.6%51.0%9999HK訊科技6.11%4,957-3.-3.16.4%18.1%3888HK金山軟件訊科技36420.90-4.-4.12.9%57.8%2015HK想非必須性消費(fèi)2.64%2,4060.60-4.-4.21.4%22.6%9626HK嗶哩嗶哩-SW訊科技595-5.-5.37.1%85.1%K團(tuán)-W訊科技8.19%2,8566-5.-5.22.5%73.0%K華虹半導(dǎo)體訊科技0.95%298-6.-6.22.6%59.2%K-W訊科技6.96%2,7890.95-6.-6.25.9%83.0%0992HK聯(lián)想集團(tuán)訊科技3.29%8446-7.-7.16.0%19.1%2382HK舜宇光學(xué)科技業(yè)5.39%.15-7.-7.30.4%55.0%2018HK瑞聲科技業(yè)0.74%-7.-7.16.0%71.5%9868HK非必須性消費(fèi)0.87%46.00-10-10.37.6%72.1%0285HK子訊科技5%544-11-11.3%52.8%6060HK眾安在線金融業(yè)5%330-11-11.24.0%51.4%0268HK金蝶國際訊科技2.61%455-12-12.32.9%67.5%K平安好醫(yī)生0.76%211-12-12.%30.8%84.3%9866HK蔚來非必須性消費(fèi)0.64%2,617-13-13.%23.6%23.6%9698HK國數(shù)據(jù)訊科技0.49%334-14-14.44%36.9%81.0%0772HK非必須性消費(fèi)29122.25-16.30.5%63.4%0909HK訊科技0.45%4.65-16.28.6%90.2%0020HK湯科技訊科技0.17%683-17.35.2%61.3%恒生科技指數(shù)成份注：市值、股價(jià)取9月30日收盤價(jià)，采用Wind匯率資料來源：Wind，華泰研究NOWUSACNUSSNOWUSMSFTUSCRMUSADBEUSSHOPUS半導(dǎo)體000660KSIFXNTRKLACUSASMLNA005930KSAMATUSNVDAUSNXPIUSLRCXUSNOWUSACNUSSNOWUSMSFTUSCRMUSADBEUSSHOPUS半導(dǎo)體000660KSIFXNTRKLACUSASMLNA005930KSAMATUSNVDAUSNXPIUSLRCXUSTXNUS2454TTAVGOUSINTCUS2303TTAMDUSQCOMUS2330TT8035JP互聯(lián)網(wǎng)SEUS3690HKAMZNUSGOOGUS0700HKMETAUS1024HK硬件CSCOUS6861JP1810HKAAPLUS汽車LCIDUSRIVNUSTSLAUS1211HKLIUSNIOUSXPEVUS指數(shù)HXCOIXIC.GISPX.GISOX.GISERVICENOWACCENTURE-ASNOWFLAKEMICROSOFTSALESFORCEADOBESHOPIFYMICRONTECHNOLOGYSKHYNIXINFINEONTECHNOLOGIESKLAASMLHOLDINGSAMSUNGELECAPPLIEDMATERIALNVIDIANXPSEMICONDUCTORSLAMRESEARCHTEXASINSTRUMENTSBROADCOMINTELADVANCEDMICRODEVICESQUALCOMMTSMCTOKYOELECTRONSEAMEITUAN-WAMAZONALPHABET-CTENCENTMETAPLATFORMSKUAISHOU-WCISCOSYSTEMSKEYENCEXIAOMI-WAPPLELUCIDGROUPRIVIANAUTOMOTIVETESLABYDCOMPANYLIAUTOXPENG納斯達(dá)克中概股納斯達(dá)克指數(shù)標(biāo)普500MSCI全球信息科技費(fèi)城半導(dǎo)體指數(shù)2%0%3%1%2%3%3%0%5%4%6%9%6%8%0%6%8%0%0%3%4%7%8%8%3%9% KRWEURUSDEURKRWUSDUSDUSDUSDUSDTWDUSDUSDTWDUSDUSDTWDJPYJPY 19.4% 12.8% ServiceNow埃森哲Snowflake微軟塞富時(shí)奧多比Shopify鎂光SK海力士英飛凌科天阿斯麥三星電子應(yīng)用材料英偉達(dá)恩智浦拉姆研究德州儀器聯(lián)發(fā)科博通英特爾聯(lián)電AMD超威半導(dǎo)體高通公司臺(tái)積電東京電子SEA美團(tuán)亞馬遜谷歌騰訊快手思科KEYENCE米蘋果Lucid特斯拉比亞迪理想蔚來鵬76,277171,02554,3871,736,943143,840127,94033,98155,26842,30628,94542,914167,221221,68070,485302,26138,73650,138141,42427,708179,825105,81213,061102,283126,877355,55638,95331,261130,5571,151,1941,250,740325,653364,64727,889164,35480,85428,5612,220,97823,36930,152831,15391,55024,05926,17210,288377.61257.30169.96232.90143.84275.2026.9450.100 22.52 302.63 433.60081.93121.39 147.51 366.00 154.78 551.00 444.01 25.77 35.75 63.36 112.98 422.00056.05165.60113.00 96.15266.40135.6850.9540.000.00 8.96138.2013.97 32.91265.25194.40 23.01 15.7711.953,585.6 371.90 0 2%433%7%0%1%4%9%6%1%3%1%4%9%7%7%0%6%8%2%7%9%9%2% -10-12代碼公司交易貨幣市值(百萬美元)股價(jià)30-SepW股價(jià)漲跌幅30DYTD軟件..................................................注：市值、股價(jià)取9月30日收盤價(jià)，采用Wind匯率資料來源：Wind，華泰研究證券代碼證券簡稱變動(dòng)方向股東名稱公告日期方案進(jìn)度(擬)變動(dòng)數(shù)量上限(擬)減持股數(shù)(萬股)占總股本比(%)300773CH拉卡拉減持天津臺(tái)寶南山管理咨詢中心(有限合伙)等2022-09-29進(jìn)行中1,040.661.33資料來源：Wind，華泰研究證券代碼證券簡稱公告日期方案進(jìn)度激勵(lì)方式激勵(lì)股數(shù)(萬股)期權(quán)初始行權(quán)價(jià)格主要公司層面行權(quán)條件300253CH衛(wèi)寧健康2022-09-30董事會(huì)預(yù)案期權(quán)16,547.385.71第一個(gè)行權(quán)期：1、以2021年凈利潤為基數(shù)，2022年凈利潤增長率不低于24%；2、以2021年?duì)I業(yè)收入為基數(shù)，2022年?duì)I業(yè)收入增長率不低于12%。第二個(gè)行權(quán)期：1、以2021年凈利潤為基數(shù)，2023年凈利潤增長率不低于66%；2、以2021年?duì)I業(yè)收入為基數(shù)，2023年?duì)I業(yè)收入增長率不低于36%。第三個(gè)行權(quán)期：1、以2021年凈利潤為基數(shù)，2024年凈利潤增長率不低于118%；2、以2021年?duì)I業(yè)收入為基數(shù)，2024年?duì)I業(yè)收入增長率不低于64%。第四個(gè)行權(quán)期：1、以2021年凈利潤為基數(shù)，2025年凈利潤增長率不低于180%；2、以2021年?duì)I業(yè)收入為基數(shù)，2025年?duì)I業(yè)收入增長率不低于95%。300502CH新易盛2022-09-29董事會(huì)預(yù)案第一類限制性股票157.8511.62第一個(gè)解除限售期：以2019-2021年?duì)I業(yè)收入平均值為基數(shù)，2023年?duì)I業(yè)收入增長率不低于70%。第二個(gè)解除限售期：以2019-2021年?duì)I業(yè)收入平均值為基數(shù)，2024年?duì)I業(yè)收入增長率不低于120%。資料來源：Wind，華泰研究證券代碼公司狀態(tài)上上市/過會(huì)日期市值(億元當(dāng)?shù)刎泿?上市板發(fā)發(fā)行價(jià)格(元當(dāng)?shù)刎泿?新股發(fā)行數(shù)量(擬)募資總額(萬股)(億元當(dāng)?shù)刎泿?9863.HK零跑汽車已上市2022-09-29283.39港交所48.00130.819162.792602.HK萬物云已上市2022-09-29518.21港交所49.35116.714057.602350.HK數(shù)科集團(tuán)已上市2022-09-263.75港交所0.85156.25001.33301313CHC凡拓已上市2022-09-3029.67創(chuàng)業(yè)板25.252,558.346.46301176CHC逸豪已上市2022-09-2831.73創(chuàng)業(yè)板23.884,226.6710.09301285CHC鴻日達(dá)已上市2022-09-2831.41創(chuàng)業(yè)板14.605,167.007.54688252CHC天德已上市2022-09-2768.94科創(chuàng)板21.684,055.568.79301366CH一博科技已上市2022-09-2642.17創(chuàng)業(yè)板65.352,083.3313.61688387CH信科移動(dòng)-U已上市2022-09-26175.38科創(chuàng)板6.0578,631.2547.57資料來源：Wind，華泰研究8%6%4%2%0%-2%-4%-6%-8%股市債券貨幣大宗商品注：納斯達(dá)克中概股采用納斯達(dá)克中國金龍指數(shù)(Wind代碼HXC.O)；貨幣采取美元計(jì)價(jià)資料來源：Wind，華泰研究160%130%100%70%8%6%4%2%0%-2%-4%-6%-8%股市債券貨幣大宗商品注：納斯達(dá)克中概股采用納斯達(dá)克中國金龍指數(shù)(Wind代碼HXC.O)；貨幣采取美元計(jì)價(jià)資料來源：Wind，華泰研究160%130%100%70%40% 10%-20%-50%-80%股市債券貨幣大宗商品其它注：納斯達(dá)克中概股采用納斯達(dá)克中國金龍指數(shù)(Wind代碼HXC.O)；貨幣采取美元計(jì)價(jià)資料來源：Wind，華泰研究比特幣費(fèi)城半導(dǎo)體指數(shù)恒生科技電子(申萬)傳媒(申萬)計(jì)算機(jī)(申萬)納斯達(dá)克指數(shù)創(chuàng)業(yè)板MSCI全球/資本市場指數(shù)納斯達(dá)克中概股FAAMNGMSCI新興市場深證成指MSCI發(fā)達(dá)市場指數(shù)恒生指數(shù)日元標(biāo)普500德國DAX指數(shù)滬深300道瓊斯工業(yè)指數(shù)銅巴黎CAC40歐洲STOXX600通信(申萬)英鎊上證指數(shù)人民幣日經(jīng)225印度盧比黃金英國富時(shí)100印度Nifty中國國債俄羅斯MOEX巴西IBOVESPA小麥澳元大豆盧布原油VIX天然氣美國國債日經(jīng)225費(fèi)城半導(dǎo)體指數(shù)電子(申萬)盧布恒生指數(shù)恒生科技FAAMNG通信(申萬)MSCI新興市場英鎊計(jì)算機(jī)(申萬)道瓊斯工業(yè)指數(shù)標(biāo)普500MSCI全球/資本市場指數(shù)納斯達(dá)克指數(shù)傳媒(申萬)MSCI發(fā)達(dá)市場指數(shù)納斯達(dá)克中概股上證指數(shù)深證成指澳元英國富時(shí)100天然氣巴西IBOVESPA德國DAX指數(shù)印度Nifty滬深300大豆日元?jiǎng)?chuàng)業(yè)板歐洲STOXX600印度盧比巴黎CAC40原油比特幣俄羅斯MOEX人民幣黃金銅小麥美國國債中國國債VIX國防軍工有色金屬鋼鐵汽車建筑裝飾子機(jī)械設(shè)備非銀金融公用事業(yè)化工電氣設(shè)備通信計(jì)算機(jī)綜合傳媒房地產(chǎn)紡織服裝交通運(yùn)輸建筑材料輕工制造家用電器農(nóng)林牧漁銀行休閑服務(wù)商業(yè)貿(mào)易采掘食品飲料醫(yī)藥生物-6%-4%-2%0%2%4%6%-10%-6%-4%-2%0%2%4%6%注：使用申萬指數(shù)資料來源：Wind，華泰研究原材料業(yè)公用事業(yè)工業(yè)綜合企業(yè)能源業(yè)電訊業(yè)金融業(yè)地產(chǎn)建筑業(yè)非必需性消費(fèi)資訊科技業(yè)必需性消費(fèi)醫(yī)療保健業(yè)-8%-6%-4%-2%0%2%-8%-6%-4%-2%0%2%注：使用港交所行業(yè)分類資料來源：Wind，華泰研究子傳媒計(jì)算機(jī)建筑材料醫(yī)藥生物非銀金融鋼鐵國防軍工輕工制造機(jī)械設(shè)備電氣設(shè)備家用電器紡織服裝汽車休閑服務(wù)化工有色金屬通信公用事業(yè)食品飲料商業(yè)貿(mào)易建筑裝飾銀行農(nóng)林牧漁房地產(chǎn)交通運(yùn)輸綜合采掘-35%-45%-35%-45%-5%5%注：使用申萬指數(shù)資料來源：Wind，華泰研究醫(yī)療保健業(yè)公用事業(yè)工業(yè)資訊科技業(yè)金融業(yè)非必需性消費(fèi)綜合企業(yè)原材料業(yè)地產(chǎn)建筑業(yè)必需性消費(fèi)電訊業(yè)能源業(yè)0%10%20%-50%-40%-30%-20%-100%10%20%注：使用港交所行業(yè)分類資料來源：Wind，華泰研究2019/082019/102019/122020/022020/042020/062020/082020/102020/122021/022021/042021/062021/082021/102021/122022/022022/042022/062022/082019/082019/102019/122020/022020/042020/062020/082020/102020/122021/022021/042021/062021/082021/102021/122022/022022/042022/062022/08CS半導(dǎo)體CS消費(fèi)電子CS其他電子零組件ⅡCS光學(xué)光電CS元器件120%110%100%90%80%70%60%50%SW電子上證綜合指數(shù)成份 深證成指SWSW電子上證綜合指數(shù)成份2021/082021/092021/102021/102021/112021/122021/122022/012022/022022/032022/032022/042022/052022/052022/062022/072022/072022/082022/092022/09資料來源：Wind，華泰研究CS半導(dǎo)體 CS光學(xué)光電CS其他電子零組件ⅡCS元器件CS消費(fèi)電子130%120%110%100%90%80%70%60%50%40%2021/082021/092021/102021/112021/122022/012022/022022/032022/042022/052022/062022/072022/082022/09資料來源：Wind，華泰研究成交金額(億元人民幣)8,0007,0006,0005,0004,0003,0002,0001,00002019/082019/102019/122020/022020/042020/062020/082020/102019/082019/102019/122020/022020/042020/062020/082020/102020/122021/022021/042021/062021/082021/102021/122022/022022/042022/062022/084,0003,5003,0002,5002,0001,5001,0005000資料來源：Wind，華泰研究SW電子SW申萬A股成份上證綜合指數(shù)成份深證成指 -6%-4.2%-2.5%0% -4% -2%資料來源：Wind，華泰研究--6.4%-5.9%-5.8%-5.2%-2.0%-8%-6%-4%0%-2%-8%-6%-4%0%資料來源：Wind，華泰研究成交金額(億元港幣)33,00031,00029,00027,00025,000233,00031,00029,00027,00025,0002,5002,0001,50023,0001,00021,000500150017,000015,0000資料來源：Wind，華泰研究P/E(X)2017/102018/012018/04P/E(X)2017/102018/012018/042018/072018/102019/012019/042019/072019/102020/012020/042020/072020/102021/012021/042021/072021/102022/012022/042022/07A/H手機(jī)產(chǎn)業(yè)鏈總市值30,00025,00020,00015,00010,0005,0000預(yù)測市盈率(未來12個(gè)月)(中值)35302520151050中位數(shù)=18資料來源：Wind，華泰研究8%6%4%2%0%-2%-4%-6%-8%恒生指數(shù)標(biāo)普500上證綜指2022/05/272022/06/032022/06/102022/06/172022/06/242022/07/012022/07/082022/07/152022/07/222022/07/292022/08/052022/08/122022/08/192022/08/262022/09/022022/09/092022/09/162022/09/232022/09/30資料來源：Wind，華泰研究120%100%80%60%40%20%0% 恒生科技指數(shù)恒生指數(shù)2021/092021/102021/112021/122022/012022/022022/032022/042022/052022/062022/072022/082022/09資料來源：Wind，華泰研究(億元人民幣)P/E(X)35,00030,00025,00020,00015,00010,0005,00002017/102018/012018/042018/072018/102019/012017/102018/012018/042018/072018/102019/012019/042019/072019/102020/012020/042020/072020/102021/012021/042021/072021/102022/012022/042022/079080706050403020100 43預(yù)測市盈率(未來12個(gè)月)(中值)資料來源：Wind，華泰研究15%10%5%0%-5%費(fèi)城半導(dǎo)體納斯達(dá)克恒生科技電子(申萬)2022/05/272022/06/032022/06/102022/06/172022/06/242022/07/012022/07/082022/07/152022/07/222022/07/292022/08/052022/08/122022/08/192022/08/262022/09/022022/09/092022/09/162022/09/232022/09/30資料來源：Wind，華泰研究40恒生科技指數(shù)恒生綜合指數(shù)4035302520502020/072020/092020/112021/012021/032021/052021/072021/092021/112022/012022/032022/052022/072022/09資料來源：Wind，華泰研究2012/012012/072013/012013/072014/012014/072015/012015/072016/012016/072017/012017/072018/012018/072019/012019/072020/012020/072021/012021/072022/012022/072021/032021/042021/052021/062021/072021/082021/092021/102021/112021/122022/012022/022022/032022/042022/052022/062022/072022/072022/082022/092012/012012/072013/012013/072014/012014/072015/012015/072016/012016/072017/012017/072018/012018/072019/012019/072020/012020/072021/012021/072022/012022/072021/032021/042021/052021/062021/072021/082021/092021/102021/112021/122022/012022/022022/032022/042022/052022/062022/072022/072022/082022/09費(fèi)城半導(dǎo)費(fèi)城半導(dǎo)體標(biāo)普500美股科技巨頭1000%800%600%400%200%0%注：科技巨頭包括谷歌，亞馬遜，蘋果，微軟資料來源：Wind，華泰研究SOX前向PES&P500前向PEBigTech前向PE6050403020022012/0822013/0222013/0822014/0222014/0822015/0222015/0822016/0222016/0822017/0222017/0822018/0222018/0822019/0222019/0822020/0222020/0822021/0222021/0822022/0222022/08注：科技巨頭包括谷歌，亞馬遜，蘋果，微軟資料來源：Bloomberg，華泰研究S&P500前向PE納斯達(dá)克100前向PE10年美債收益率(右軸)(%)4035302520502012/092012/122013/032013/062013/092013/122014/032014/062014/092014/122015/032015/062015/092015/122016/032016/062016/092016/122017/032017/062017/092017/122018/032018/062018/092018/122019/032019/062019/092019/122020/032020/062020/092020/122021/032021/062021/092021/122022/032022/062022/094.54.03.53.02.52.0500.50.0資料來源：Bloomberg，華泰研究90807060504030200CNNFear&GreedIndexCBOEVolatilityIndex資料來源：CNN，CBOE，Wind，華泰研究2017/012017/032017/052017/072017/092017/112018/012018/032018/052018/072018/092018/112019/012019/032019/052019/072019/092019/112020/012020/032020/052020/072020/092020/112021/012021/032021/052021/072021/092021/112022/012022/032022/052022/072022/092017/012017/032017/052017/072017/092017/112018/012018/032018/052017/012017/032017/052017/072017/092017/112018/012018/032018/052018/072018/092018/112019/012019/032019/052019/072019/092019/112020/012020/032020/052020/072020/092020/112021/012021/032021/052021/072021/092021/112022/012022/032022/052022/072022/092017/012017/032017/052017/072017/092017/112018/012018/032018/052018/072018/092018/112019/012019/032019/052019/072019/092019/112020/012020/032020/052020/072020/092020/112021/012021/032021/052021/072021/092021/112022/012022/032022/052022/072022/09成交量400350300250200150100500(十億美元)成交量收盤價(jià)(美元/個(gè))80,000收盤價(jià)(右軸(十億美元)成交量收盤價(jià)(美元/個(gè))80,00070,00060,00050,00040,00030,00020,00010,0000資料來源：YahooFinance，華泰研究收盤收盤價(jià)(美元/個(gè))6,000成交量收盤價(jià)(右軸)9成交量收盤價(jià)(右軸)805,000704,0004,000503,000402,00032,000201,000000資料來源：YahooFinance,華泰研究80,00070,00060,00050,000480,00070,00060,00050,00040,00030,00020,00010,0000比特幣在網(wǎng)算力比特幣價(jià)格(右軸)3002502001501005002017/012017/032017/052017/072017/092017/112018/012018/032018/052018/072018/092018/112019/012019/032019/052019/072019/092019/112020/012020/032020/052020/072020/092020/112021/012021/032021/052021/072021/092021/112022/012022/032022/052022/072022/09資料來源：YahooFinance,B，華泰研究2021/012021/022021/032021/042021/052021/062021/072021/082021/092021/102021/112021/122022/012022/022021/012021/022021/032021/042021/052021/062021/072021/082021/092021/102021/112021/122022/012022/022022/032022/042022/052022/062022/072022/082022/09北北向資金凈流入(右軸)5,0004004,0002003,00002,000(200)(400)(600)北向資金流入北向資金流出(億元人民幣)(億元人民幣)1,0006000資料來源：Wind，華泰研究(億港元)(億港元)3,0002021/012021/022021/032021/042021/052021/062021/072021/082021/092021/102021/112021/122022/012022/022022/032022/042022/052022/06(億港元)(億港元)3,0002021/012021/022021/032021/042021/052021/062021/072021/082021/092021/102021/112021/122022/012022/022022/032022/042022/052022/062022/072022/082022/092,5002,0001,5001,00050001,2001,0008006004002000(200)(400)資料來源：Wind，華泰研究代碼公司名稱交易貨幣收盤價(jià)30/Sep1W股價(jià)變動(dòng)1MYTD北向資金流入(億元人民幣)北向資金持股比例(%)持股市值(億元人民幣)002475CH立訊精密CNY29.47.4154.1603501CH韋爾股份CNY80.17.570.7002241CH歌爾股份CNY26.50.08.466.8002371CH北方華創(chuàng)CNY278.44.765.1603290CH斯達(dá)半導(dǎo)CNY324.0.253.0000725CH京東方ACNY3.30.93.946.2002049CH紫光國微CNY144.00.13.340.8601138CH工業(yè)富聯(lián)CNY8.52.440.2002008CH大族激光CNY26.10.0.637.4603986CH兆易創(chuàng)新CNY93.80.14.326.5600745CH聞泰科技CNY47.75.123.0300207CH欣旺達(dá)CNY23.35.921.7600563CH法拉電子CNY160.70.05.821.0300661CH圣邦股份CNY140.94.320.6002236CH大華股份CNY.9300408CH三環(huán)集團(tuán)CNY26.0000733CH振華科技CNY116.02.03.1.6300782CH卓勝微CNY88.44.9.4688008CH瀾起科技CNY002384CH東山精密CNY注：此表中北向/南向資金流入=北向/南向資金流入股數(shù)*周交易均價(jià)資料來源：Wind，華泰研究代碼公司名稱交易貨幣收盤價(jià)9/30W股價(jià)變動(dòng)MYTD南向資金流入(億港元)南向/北向資金持股比例(%)持股市值(億港元)0700HK騰訊控股266.422.10.01988.80941HK中國移動(dòng)49.9.90.0923.03690HK美團(tuán)-W918.41810HK小米集團(tuán)-W9.02.4.3297.90981HK中芯國際.00.0221.71211HK比亞迪股份194.40.30.0130.70728HK中國電信2.84.233.8128.92382HK舜宇光學(xu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