---
title: "#外资研报"
topic_id: 55521148248515554
created_at: 2026-09-08T08:30:02.122+0800
source: zsxq
type: topic
cssclasses: zsxq-vault
---

# #外资研报

- 序号：440
- 星球链接：[打开网页](https://wx.zsxq.com/group/15522451881222/topic/55521148248515554)
- 附件：图片 0，音频 0，文档 9
- 音频文件：_无音频_

## 图片

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## 正文

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## 总体总结

主题正文
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## 文档

### HSBC-中国卫星供应链：太空竞赛入门研究.pdf

- 状态：downloaded
- 错误：401 Client Error: Unauthorized for url: https://api.zsxq.com/v2/files/214882448128821/download_url
- 本地资源：[[assets/docs/260908_0830__外资研报__HSBC-中国卫星供应链：太空竞赛入门研究.pdf|HSBC-中国卫星供应链：太空竞赛入门研究.pdf]]

#### 预览

[[assets/docs/260908_0830__外资研报__HSBC-中国卫星供应链：太空竞赛入门研究.pdf|HSBC-中国卫星供应链：太空竞赛入门研究.pdf]]

### Innolight.pdf

- 状态：downloaded
- 错误：401 Client Error: Unauthorized for url: https://api.zsxq.com/v2/files/412885228158488/download_url
- 本地资源：[[assets/docs/260908_0830__外资研报__Innolight.pdf|Innolight.pdf]]

#### 预览

[[assets/docs/260908_0830__外资研报__Innolight.pdf|Innolight.pdf]]

### JPM-Memory Market Update 存储市场更新.pdf

- 状态：downloaded
- 错误：401 Client Error: Unauthorized for url: https://api.zsxq.com/v2/files/814882448128522/download_url
- 本地资源：[[assets/docs/260908_0830__外资研报__JPM-Memory Market Update 存储市场更新.pdf|JPM-Memory Market Update 存储市场更新.pdf]]

#### 预览

[[assets/docs/260908_0830__外资研报__JPM-Memory Market Update 存储市场更新.pdf|JPM-Memory Market Update 存储市场更新.pdf]]

### JPM-PCB、覆铜板及基板：NVL576 交换机托盘采用 PTFE，但高速覆铜板升级路线保持不变 PCB, CCL and Substrate PTFE in NVL576 switch tray, but high‑speed CCL upgrade roadmap unchanged.pdf

- 状态：downloaded
- 错误：401 Client Error: Unauthorized for url: https://api.zsxq.com/v2/files/584115441851214/download_url
- 本地资源：[[assets/docs/260908_0830__外资研报__JPM-PCB、覆铜板及基板：NVL576 交换机托盘采用 PTFE，但高速覆铜板升级路线保持不变 PCB, CCL and Substrate PTFE in NVL576 switch tray, but high‑speed CCL upgrade roadmap unchanged.pdf|JPM-PCB、覆铜板及基板：NVL576 交换机托盘采用 PTFE，但高速覆铜板升级路线保持不变 PCB, CCL and Substrate PTFE in NVL576 switch tray, but high‑speed CCL upgrade roadmap unchanged.pdf]]

#### 预览

[[assets/docs/260908_0830__外资研报__JPM-PCB、覆铜板及基板：NVL576 交换机托盘采用 PTFE，但高速覆铜板升级路线保持不变 PCB, CCL and Substrate PTFE in NVL576 switch tray, but high‑speed CCL upgrade roadmap unchanged.pdf|JPM-PCB、覆铜板及基板：NVL576 交换机托盘采用 PTFE，但高速覆铜板升级路线保持不变 PCB, CCL and Substrate PTFE in NVL576 switch tray, but high‑speed CCL upgrade roadmap unchanged.pdf]]

### JPM-阿里巴巴-BABA.US-AI资本支出：从支出到回报-20260821.pdf

- 状态：downloaded
- 错误：401 Client Error: Unauthorized for url: https://api.zsxq.com/v2/files/214882448128581/download_url
- 本地资源：[[assets/docs/260908_0830__外资研报__JPM-阿里巴巴-BABA.US-AI资本支出：从支出到回报-20260821.pdf|JPM-阿里巴巴-BABA.US-AI资本支出：从支出到回报-20260821.pdf]]

#### 预览

[[assets/docs/260908_0830__外资研报__JPM-阿里巴巴-BABA.US-AI资本支出：从支出到回报-20260821.pdf|JPM-阿里巴巴-BABA.US-AI资本支出：从支出到回报-20260821.pdf]]

### JPM-阿里巴巴-BABA.US-业绩快评：2027财年1季度业绩，经营层面超预期，但每股收益不及预期-20260820.pdf

- 状态：downloaded
- 错误：401 Client Error: Unauthorized for url: https://api.zsxq.com/v2/files/214882448128541/download_url
- 本地资源：[[assets/docs/260908_0830__外资研报__JPM-阿里巴巴-BABA.US-业绩快评：2027财年1季度业绩，经营层面超预期，但每股收益不及预期-20260820.pdf|JPM-阿里巴巴-BABA.US-业绩快评：2027财年1季度业绩，经营层面超预期，但每股收益不及预期-20260820.pdf]]

#### 预览

[[assets/docs/260908_0830__外资研报__JPM-阿里巴巴-BABA.US-业绩快评：2027财年1季度业绩，经营层面超预期，但每股收益不及预期-20260820.pdf|JPM-阿里巴巴-BABA.US-业绩快评：2027财年1季度业绩，经营层面超预期，但每股收益不及预期-20260820.pdf]]

### JPM-百度-BIDU.US-AI主题收缩至GPU云；维持“增持”评级，下调目标价-20260819.pdf

- 状态：downloaded
- 错误：401 Client Error: Unauthorized for url: https://api.zsxq.com/v2/files/181554115845242/download_url
- 本地资源：[[assets/docs/260908_0830__外资研报__JPM-百度-BIDU.US-AI主题收缩至GPU云；维持“增持”评级，下调目标价-20260819.pdf|JPM-百度-BIDU.US-AI主题收缩至GPU云；维持“增持”评级，下调目标价-20260819.pdf]]

#### 预览

[[assets/docs/260908_0830__外资研报__JPM-百度-BIDU.US-AI主题收缩至GPU云；维持“增持”评级，下调目标价-20260819.pdf|JPM-百度-BIDU.US-AI主题收缩至GPU云；维持“增持”评级，下调目标价-20260819.pdf]]

### GS-中国台湾市场周报-20260828.pdf

- 状态：downloaded
- 错误：401 Client Error: Unauthorized for url: https://api.zsxq.com/v2/files/814882448128822/download_url
- 本地资源：[[assets/docs/260908_0830__外资研报__GS-中国台湾市场周报-20260828.pdf|GS-中国台湾市场周报-20260828.pdf]]

#### 预览

[[assets/docs/260908_0830__外资研报__GS-中国台湾市场周报-20260828.pdf|GS-中国台湾市场周报-20260828.pdf]]

### HSBC- 罗博特科(300757.SZ) - 首次覆盖给予买入评级：明智之举；聚焦光子学-20260831.pdf

- 状态：downloaded
- 错误：401 Client Error: Unauthorized for url: https://api.zsxq.com/v2/files/814882448128582/download_url
- 本地资源：[[assets/docs/260908_0830__外资研报__HSBC- 罗博特科(300757.SZ) - 首次覆盖给予买入评级：明智之举；聚焦光子学-20260831.pdf|HSBC- 罗博特科(300757.SZ) - 首次覆盖给予买入评级：明智之举；聚焦光子学-20260831.pdf]]

#### 预览

[[assets/docs/260908_0830__外资研报__HSBC- 罗博特科(300757.SZ) - 首次覆盖给予买入评级：明智之举；聚焦光子学-20260831.pdf|HSBC- 罗博特科(300757.SZ) - 首次覆盖给予买入评级：明智之举；聚焦光子学-20260831.pdf]]