Core Insights - The rapid expansion of AI data centers, combined with the "anti-involution" trend, is expected to create new opportunities in the renewable energy sector by 2026 [1] Group 1: Policy and Regulatory Developments - The National Development and Reform Commission and the National Energy Administration aim for renewable energy generation to account for approximately 30% of total power generation by 2030 [2] - By 2035, a new type of power grid platform will be established, enhancing the optimization of power resources and supporting the stable operation of the power system [2] Group 2: Market Growth and Trends - The "14th Five-Year Plan" indicates that non-fossil energy will gradually become the main energy supply, marking a significant transformation in the energy supply structure [3] - The global demand for electricity is expected to expand exponentially due to the booming AI data centers and the acceleration of global electrification [3] Group 3: Investment Opportunities - A report from Citigroup highlights that transformer and large-scale energy storage systems (ESS) may become critical bottleneck assets in supporting the expansion of AI data centers [3] - Various institutions have released strategies for 2026, expressing optimism for the renewable energy sector, particularly in upstream materials like graphite anode materials and lithium hexafluorophosphate [3] Group 4: High-Growth Stocks - A total of 64 stocks in the renewable energy sector are projected to have a net profit growth rate exceeding 20% in both 2026 and 2027 [5] - Among these, 31 stocks have an upside potential of over 20% based on the comparison of their closing prices on December 31, 2025, with the target prices predicted by institutions [5] Group 5: Specific Stock Insights - EVE Energy is expected to have a price increase potential of 52.4%, driven by the launch of a new cylindrical battery project and improvements in profitability through energy storage and solid-state batteries [7] - Igor's stock has a potential increase of 49.58%, benefiting from the scaling of overseas production and new growth opportunities in the data center sector [7] - The rolling P/E ratio for Satellite Chemical is the lowest at 9.71, with ongoing development of immersion liquid cooling solutions for various applications [8][9]

Core Insights - The article highlights that Huace Testing has been the most researched stock with 79 institutions conducting investigations, focusing on its business in the commercial aerospace sector and plans for diversification and expansion in various fields [2][10]. Group 1: Company Overview - Huace Testing's business primarily focuses on performance verification of aerospace materials and reliability testing of core components, catering mainly to private aerospace enterprises [2]. - The company aims to enhance its service capabilities in the aerospace sector and expand into new areas such as drones and flying cars, establishing a comprehensive testing and certification service system [2]. Group 2: Strategic Developments - Huace Testing is strategically positioning itself in emerging sectors like AI, humanoid robots, the silver economy, and low-altitude economy, with a focus on electric vehicle testing, semiconductor testing, and robotics [2]. - The company completed the acquisition of Safety SA in South Africa, Emicert in Greece, Openview, and MIDAC laboratory in France in Q4 2025, integrating these entities into its operations [2]. Group 3: Integration and Management - Post-acquisition, Huace Testing is implementing differentiated management strategies, ensuring smooth integration by leveraging complementary strengths and maintaining operational continuity [3]. - The integration progress is reported to be on track, with a preliminary management control system established and cultural integration proceeding smoothly [3]. Group 4: Market Performance - In the past week, the average stock price of companies under institutional research increased by nearly 1%, with several stocks, including Haoshi Electromechanical, rising over 10% [6]. - Haoshi Electromechanical's stock surged over 36%, attributed to its collaboration in the commercial aerospace sector and ongoing developments in its robotics business [7]. Group 5: Other Companies - Other companies like LiuGong and Xiangyu Medical also reported positive developments, with LiuGong achieving record overseas revenue and Xiangyu Medical exploring invasive and non-invasive brain-machine interface technologies [5]. - Xiangyu Medical is focusing on non-invasive rehabilitation while initiating research in invasive technologies, collaborating with Xi'an Jiaotong University [5]. Group 6: Institutional Research - The list of companies with significant institutional research includes Huace Testing, Aima Technology, and others, with Huace Testing leading with 79 institutions [10]. - LiuGong and other companies also received substantial attention, indicating a trend of increasing institutional interest in various sectors [10].

Group 1 - A total of 36 stocks will be unlocked next week, with a combined market value exceeding 160 billion yuan [1][2] - Among the unlocked stocks, 16 have a market value exceeding 1 billion yuan, with Baili Tianheng, Guolian Minsheng, and Jianshe Industrial exceeding 10 billion yuan [2] - Baili Tianheng has the highest unlock market value at 96.319 billion yuan, with 298.1 million shares being unlocked, accounting for 72.2% of the total share capital [2][5] Group 2 - Guolian Minsheng has an unlock market value of 18.008 billion yuan, with 1.771 billion shares being unlocked, involving 43 shareholders [2][3] - Jianshe Industrial has an unlock market value of 16.895 billion yuan, with 629.9 million shares being unlocked, accounting for 60.98% of the total share capital [3][5] - Six stocks have an unlock ratio exceeding 30%, including Baili Tianheng and Jianshe Industrial [6]

Group 1 - The total dividend distribution of public funds in 2025 approached 250 billion yuan, with a clear pattern emerging throughout the year [1][2] - Bond funds were the main contributors to public fund dividends, accounting for a significant proportion of both total dividend amount and frequency [1][3] - Large-scale dividends were concentrated among a few major ETFs, with notable single dividend amounts from products like Huaxia SSE 50 ETF and others [2][3] Group 2 - The number of dividend distributions was highest among medium- and long-term pure bond funds, while bond funds dominated in total dividend amounts, making up about 70% of the total [3] - The ETF market has rapidly expanded, establishing a foundation for sustained growth in dividend distribution, with ETFs becoming important investment tools [4] - The improvement of the public fund dividend mechanism has increased the importance of dividends in fund operations, enhancing investor experience and product attractiveness [4][5]

特朗普召开发布会，内容涉及抓走马杜罗细节、石油和"管理"委内瑞拉。 美国东部时间3日上午11时40分左右（北京时间4日零时40分左右），美国总统特朗普在佛罗里达州海湖 庄园举行新闻发布会，披露更多关于军事打击委内瑞拉、抓走委总统马杜罗的细节。 特朗普说，美国将"管理"委内瑞拉直到"能够进行安全、妥善和明智的过渡"，并称美国不想让其他方面 介入。如需要美国将发动第二波更大规模的袭击，并已做好了发动第二波攻击的准备。 特朗普还说，美国大型石油公司将前往委内瑞拉，"我们将让美国那些规模庞大的石油公司——它们是 全球最大的石油企业——投入数十亿美元，维修严重破败的石油基础设施，并开始为国家创造收益。" 特朗普表示，美国对委内瑞拉的石油禁运仍完全有效。 此外，载有委内瑞拉总统马杜罗及其妻子的飞机当地时间3日傍晚降落在纽约州的斯图尔特空军国民警 卫队基地。 将组建团队管理委内瑞拉 稍早时候，特朗普在社交媒体上发布马杜罗戴手铐、双眼被蒙住的照片，称他现在人在美国军舰"硫磺 岛"号上。特朗普在发布会上说，马杜罗夫妇将被送往纽约，面临美国司法审判。美方指控他们对美 国"发动致命的毒品恐怖主义活动"。 特朗普说，美国将继续掌管委 ...

Group 1 - The core message of the news is that Xiaomi's founder and CEO Lei Jun announced the delivery of over 410,000 Xiaomi cars in 2025, exceeding the initial target of 300,000 and later revised target of 350,000 [1][2] - During the live stream, Lei Jun mentioned that the Xiaomi YU7 has gained significant popularity, prompting the decision to conduct a live disassembly of the vehicle to engage with viewers and address product-related questions [2] - The Xiaomi Yizhuang factory welcomed 130,000 visitors for tours and experiences throughout 2025, indicating strong interest in Xiaomi's automotive offerings [2] Group 2 - Lei Jun emphasized the importance of transparency and communication with consumers, responding to past criticisms regarding Xiaomi products and encouraging fair discussions about product quality [2] - The live stream aims to foster an open dialogue with fans and critics, with Lei Jun inviting content creators to share their honest opinions about Xiaomi vehicles [2]

对于近年来小米产品的争议，雷军也回应道："过去我们回应得很少，是因为我觉得好产品自己会讲 话，清者自清，不要不停地自证。前段时间还是有不少的米粉朋友们建议，还是要主动及时地回应，所 以这次直播也会对一些问题进行回应。希望大家可以公道地提出问题交流。" 雷军表示，估计今天这个拆车直播之后会有更多的博主来拆小米的车，他都欢迎，他特别希望大家能说 一些公道话，不要为了流量去故意夸大，故意找茬。"当然如果你觉得我们设计得不好或者用料不好， 欢迎大家随时指出。" 截至发稿，该直播仍在进行中。 雷军最新直播。 1月3日晚间，小米创始人、董事长兼CEO雷军现身直播间，开启2026年首场直播，现场拆解小米YU7。 在直播中，雷军分享了小米最新销售数据，他表示，2025年全年小米共计交付41万辆小米汽车。"2025 年年初，我们定的全年任务是30万辆，后来进展比较顺利，目标提高到了35万辆。今天，我正式公布一 下2025年我们交付的总数值，此前还未宣布过，我们最终交付量超过了41万辆。"雷军坦言，这个结 果，他非常满意。 此外，雷军透露，2025年，小米汽车亦庄工厂全年接待了13万名游客参观和体验。 本场直播，雷军邀请了工程师 ...

Group 1 - The core message of the news is that Luxshare Precision (002475) has issued a clarification regarding recent false rumors affecting the company's reputation, asserting that its core business operations are proceeding as planned without any abnormal situations impacting normal operations [2][4] - The company emphasizes its commitment to focusing on its main business, maintaining stable operations, and creating long-term value for customers, investors, and society [2][4] - Luxshare Precision reserves the right to pursue legal action against any individuals or entities spreading false information or damaging the company's reputation [2][4] Group 2 - In the communications computing sector, the company is developing four product lines: electrical connections, optical connections, thermal management, and power management, with strong collaboration with leading global clients [4] - The automotive segment focuses on core components such as wiring harnesses and connectors, expanding into system-level products like smart cockpits and autonomous driving systems, and has recently completed the acquisition of Germany's Leoni to enhance global capacity [4] - As of the last trading day before the holiday, Luxshare Precision's stock price fell by 2.34% to 56.71 CNY per share, with a total market capitalization of 413.2 billion CNY, while the stock price has increased nearly 40% year-to-date in 2025, reaching a historical high of 72.2 CNY per share [7]

Core Viewpoint - iMoutai has adjusted the purchasing limit for its Feitian Moutai liquor to six bottles per person per day to meet increased consumer demand during the pre-Spring Festival period [2]. Group 1: Product Availability and Pricing - Starting January 1, 2026, iMoutai will officially sell the 53% vol 500ml Feitian Moutai at a retail price of 1499 yuan per bottle, with a maximum purchase limit of 12 bottles per person per day [4]. - Other Moutai products, including the classic version, gift box, and special edition, will also be available for pre-sale on the iMoutai app [4]. - From January 1 to January 3, over 100,000 users successfully purchased their desired products [4]. Group 2: Market Strategy and Management Insights - During a recent meeting with distributors, Moutai management emphasized the need to implement measures to stabilize prices and manage expectations, aiming for a balance between supply and demand to prevent price speculation [4]. - The introduction of reasonably priced Moutai on the iMoutai platform is seen as a significant signal of Moutai's major adjustments in channel and product structure [4].

Core Insights - The domestic tourism market in China experienced a strong start in 2026, with significant increases in ticket bookings and travel demand during the New Year holiday period [1][2][3] Group 1: Domestic Travel Trends - Ctrip reported that domestic scenic spot ticket bookings increased by over 400% year-on-year during the New Year holiday [1] - The post-90s generation accounted for 33% of travelers, while the post-00s generation made up 39%, indicating a shift towards experiential travel rather than traditional sightseeing [1] - Popular domestic destinations included major cities like Beijing, Shanghai, and Guangzhou, with provinces such as Guangxi and Jiangsu seeing a doubling of travel orders [1] Group 2: Travel Product Performance - Major travel products such as flights, hotels, and homestays saw a simultaneous increase in both volume and price during the holiday [2] - The average number of purchases per consumer rose by over 20%, and the average spending increased by more than 30% compared to the previous year [2] - Car rental bookings surged by over 120% year-on-year, highlighting the growing trend of self-driving trips [2] Group 3: International and Inbound Travel - Inbound tourism showed robust growth, with ticket bookings increasing by 110% year-on-year and experience-based product bookings rising over 30 times [3][4] - Popular inbound destinations included major cities like Shanghai and Beijing, with significant interest from travelers from Hong Kong, Malaysia, and Thailand [3] - The "duty-free shopping + beach vacation" model in Hainan attracted international tourists, with Sanya seeing a 170% increase in inbound orders [4]