Group 1 - Tesla is reportedly preparing to launch its Robotaxi service in China, as indicated by a recent job posting related to the project [1][6] - The Robotaxi business is set to begin operations in Austin, Texas, by June 2025, with the current fleet utilizing the Model Y vehicle [6] - As of early November, the Robotaxi in Austin has accumulated over 400,000 kilometers, while the Bay Area has seen over 1.6 million kilometers [6] Group 2 - Tesla's Shanghai Gigafactory has reached a milestone of producing its 4 millionth vehicle, contributing nearly half of Tesla's global electric vehicle deliveries [7] - In November, the Shanghai Gigafactory delivered 86,700 units of Model 3 and Model Y, marking a 10% year-on-year increase and a 40% month-on-month increase [7] - The factory has achieved a localization rate of 95% for its supply chain and has established a complete ecosystem for electric vehicles in the Yangtze River Delta region [7] Group 3 - Tesla's second Gigafactory in Shanghai, focused on energy storage, is set to begin production in February 2025, marking Tesla's first energy storage factory outside the U.S. [7][9] - The factory is planned to produce 10,000 units of the Megapack energy storage system annually, with a total storage capacity of nearly 40 GWh [9]

重点关注 全国财政工作会议12月27日至28日在北京召开。会议指出，2026年继续实施更加积极的财政政策。一是 扩大财政支出盘子，确保必要支出力度。二是优化政府债券工具组合，更好发挥债券效益。三是提高转 移支付资金效能，增强地方自主可用财力。四是持续优化支出结构，强化重点领域保障。五是加强财政 金融协同，放大政策效能。 财政部：明年继续安排资金支持消费品以旧换新 财政部部长蓝佛安表示，明年财政将大力提振消费。深入实施提振消费专项行动，继续安排资金支持消 费品以旧换新，调整优化补贴范围和标准。 中国人民银行发布《中国金融稳定报告(2025)》。报告提出，着力健全有利于"长钱长投"的制度政策环 境，显著提高各类中长期资金实际投资A股的规模和比例，努力实现中长期资金保值增值、资本市场平 稳健康运行与实体经济高质量发展的良性循环。 中国ETF正式迈入6万亿时刻。 上交所推出2026年系列降费让利措施，免收沪市上市公司上市费，减免交易单元使用费，免收可转债以 外的债券交易经手费等。 宏观要闻 2026年全国两会召开时间来了 十四届全国人大常委会第十九次会议12月27日上午表决通过了关于召开十四届全国人大四次会议的决 定 ...

Core Insights - The commercial aerospace sector is becoming a central battlefield for fund managers as the commercialization inflection point becomes clearer, indicated by frequent net value deviations and anomalies in fund products [1] - The recent surge in fund net values is linked to significant shifts in investment strategies, with a notable focus on the commercial aerospace theme [2] - The valuation reconstruction driven by the "U.S. stock mapping" is prompting fund managers to reassess the investment value of the commercial aerospace sector [3] Fund Performance and Strategy - Several fund products have shown significant net value fluctuations, suggesting a strategic shift towards the commercial aerospace sector, as seen with the East Finance Fund and Changcheng Jiujia Fund [2] - The net value increases of these funds occurred despite their top holdings not performing well, indicating a potential cross-year repositioning by fund managers [2] ETF Market Dynamics - Public funds are increasingly focusing on the commercial aerospace sector, with a notable rise in the issuance and establishment of satellite and commercial aerospace-themed ETFs [4] - The rapid establishment of these ETFs reflects a growing consensus among investors regarding the commercial aerospace theme as a new investment avenue [4] Research and Industry Insights - Public funds are extending their research efforts into the upstream and downstream of the aerospace industry, conducting targeted investigations into key companies and production capabilities [5][6] - These research activities are aimed at constructing a detailed investment map of the commercial aerospace sector, covering various components and applications [6] Market Trends and Future Outlook - The commercial aerospace industry is transitioning from a conceptual phase to a reality, with recent successful rocket launches serving as catalysts for increased market interest [7] - The successful launch of reusable rockets is seen as a significant milestone, indicating a shift towards a new trillion-dollar market in commercial aerospace [8]

在美联储降息预期、各国央行加大贵金属储备，以及市场上投资性资金大量涌入的背景之下，2025年包 括黄金、白银在内的贵金属价格有望创出本世纪以来最大年度涨幅。 如果将金、银、铂、钯视为单纯 的投资品种，从年内价格变动的情况来看，2025年以来金、银、铂、钯等贵金属的价格涨幅远超同期 铜、铝等基本金属的价格涨幅，也明显超过同期美股市场道琼斯工业指数，以及同期A股市场上证指数 涨幅。贵金属已成为2025年以来回报率最高的大类投资品种之一，2025年俨然成为贵金属的投资"大 年"。 黄金：多种因素助推 金价或创下最近46年来最大年度涨幅 2025年的黄金显然迎来了投资"大年"。 行情数据显示，截至目前，伦敦金现货价格已突破4500美元/盎司，年内累计涨幅已超过70%。 数据显 示，上一次伦敦金年度涨幅超过70%还是46年前的1979年，当年伦敦金现货价格涨幅超过100%。由于 2025年仅剩下几天，这意味着，2025全年黄金价格将大概率创出本世纪以来最大年度涨幅，并将大概率 创出最近46年来最大年度涨幅。 2025年以来金价的大幅上行受到多种因素助推，其中美联储的降息动 作，以及进一步降息的预期是其中一项重要原因。截 ...

Core Insights - The 2025 Chinese New Year box office has surpassed 5 billion yuan, marking the highest figure in eight years for the same period [1] - The diversity of genres and themes in this year's holiday season, with over 70 domestic and international films released, has significantly contributed to the robust performance of the Chinese film market [1][2] Group 1: Domestic Film Strength - Domestic films accounted for over 80% of the total box office, with nearly 90% of the holiday films being Chinese, showcasing their dominant market position [2] - Notable performances include "De Xian Jin Zhi" with over 350 million yuan, and the documentary "Chinese White Dolphin" resonating deeply with audiences [2] - The emergence of non-traditional holiday films, such as historical and documentary genres, reflects a shift in audience preferences and a broader thematic landscape [2][3] Group 2: Global Market Dynamics - The Chinese film market now represents nearly a quarter of the global box office, becoming a critical player in the global film industry [4] - Major Hollywood films like "Zootopia 2" and "Avatar 3" have performed exceptionally well in China, indicating a shift in the global cinematic landscape [4][6] - The trend of simultaneous releases in China and the U.S. highlights the importance of the Chinese market for maximizing box office revenues [4] Group 3: "Film+" Development Model - The "Film+" model has matured, enhancing the value of films beyond just box office sales, leading to a revitalization of viewing consumption [7] - Advanced viewing technologies and immersive experiences have transformed cinemas into comprehensive cultural consumption spaces [7][8] - The integration of merchandise sales and cross-industry collaborations has created a complete film IP ecosystem, further driving consumer engagement [7][8]

Group 1 - The core viewpoint of the news is that the recent surge in precious metal prices has prompted regulatory actions to mitigate market risks, particularly in the silver and gold markets [2][3]. - The London silver spot price has recently surpassed $79 per ounce, with a year-to-date increase exceeding 170% [2]. - The Shanghai Futures Exchange has issued notifications to enhance risk control measures, including adjustments to margin requirements and price fluctuation limits for trading during the New Year period [2][3]. Group 2 - The recent historic rise in precious and non-ferrous metals has led to increased market volatility, prompting the Shanghai Futures Exchange to raise trading margins and price limits for gold and silver [3]. - Analysts highlight that the current market dynamics reflect a combination of global liquidity expectations, structural supply-demand tensions, and short-term speculative trading [3]. - The exchange's proactive measures aim to enhance market resilience and prevent significant price fluctuations due to concentrated capital movements, especially during sensitive periods like year-end [3].

乌克兰基辅遭袭 乌克兰总统泽连斯基27日在社交媒体表示，自26日晚以来，俄军向乌克兰发射了约500架无人机和包 括"匕首"高超音速导弹在内的约40枚导弹，主要目标是乌克兰首都基辅市。乌克兰内务部长克利缅科在 社交媒体称，袭击目前已导致基辅市1人死亡、超过20人受伤。基辅州也有1人死亡。乌克兰能源部称， 袭击导致基辅、基辅州以及切尔尼戈夫州断电。 俄军称控制了扎波罗热地区古利亚伊波列 当地时间12月27日上午，俄罗斯总统普京视察了俄军特别军事行动某指挥所，并听取了报告。根据报 告，俄军控制了扎波罗热地区古利亚伊波列。按普京的说法，古利亚伊波列为扎波罗热第二大城市。 此外报告还显示，俄军还控制了扎波罗热地区的斯捷普诺戈尔斯克，并夺取了顿涅茨克地区的季米特洛 夫（乌克兰称米尔诺赫拉德）、罗金斯科耶镇以及阿尔乔莫夫卡镇。 普京表示，古利亚伊波列是扎波罗热第二大城市，夺取古利亚伊波列为俄军继续向扎波罗热纵深推进创 造了条件，而夺取迪米特罗夫则是为完全控制顿涅茨克全境迈出重要一步。普京说："俄军完全有能力 通过军事手段解决问题。" 普京还表示，俄罗斯正试图结束冲突，虽然西方建议乌克兰接受冲突解决方案，但乌方并不急于通过和 ...

Group 1 - In the past week, over 160 stocks were investigated by institutions, with Lingyi iTech receiving the most attention from 107 institutions, including 33 fund companies and 19 private equity firms [1] - Lingyi iTech announced it will acquire control of Dongguan Liminda Electronics Technology Co., Ltd. for 875 million yuan, which is a certified supplier for NVIDIA [1] - Liminda joined the Universal Connector Interoperability Alliance led by Intel, enhancing flexibility for data center clients [1] - Lingyi iTech has become a core supplier for AMD and Google, and with the acquisition of Liminda, it now covers cooling and power solutions for NVIDIA, Google, Intel, and AMD [1] - Lingyi iTech is also a significant supplier for Apple, with potential benefits from customer innovations according to Huazhong Securities [1] Group 2 - Pulit is focusing on the rapid development of the robotics industry, emphasizing the application of new materials in humanoid robots, including modified PEEK, PPS, and PA [2] - Pulit is collaborating with leading domestic and international humanoid robot companies for product development, with LCP products already certified by overseas clients [2] - Guangting Information stated that the new paradigm of AI development requires mutual trust and collaboration among enterprises, and they are working with domestic and international manufacturers [2] Group 3 - SAIC Group's subsidiary Huayu Automotive has established a joint venture with Qingtao Energy to produce semi-solid and solid-state batteries, with production lines in Shanghai [3] - The solid-state battery production line is expected to achieve sample production by the end of this year, with vehicle testing planned for next year [3] Group 4 - Stocks investigated by institutions saw an average increase of nearly 5% in the past week, with some stocks like Chaojie and Guolian Aviation rising over 20% [4] - Chaojie disclosed its focus on commercial aerospace, manufacturing components for commercial rockets, and has completed production line construction for 2024 [4] - Guolian Aviation signed a cooperation agreement with Wenchang International Aerospace City, aiming to integrate industry resources and enhance collaboration within the aerospace ecosystem [4] Group 5 - Huasheng Lithium Battery is focusing on the research and development of solid-state battery materials, having completed various experimental trials for solid and semi-solid battery materials [5] - The company is currently conducting technical validation with downstream electrolyte and battery companies, but has not yet achieved industrialization or sales revenue [5]

Group 1 - Over 117 listed companies received institutional research this week, with more than 70% achieving positive returns, including notable gains from companies like Chaojie Co. (41.6%) and Guanglian Aviation (32.44%) [2] - Leading research targets included Lingyi Zhi Zao, which received over 100 institutional inquiries, while companies like Pulit, Guangdian Measurement, and Nord Co. received over 50 inquiries each [3] Group 2 - Lingyi Zhi Zao announced a significant acquisition of a 35% stake in Dongguan Liminda Electronic Technology Co., gaining control over 52.78% of voting rights for 875 million yuan, despite Liminda's audited equity being only 71.27 million yuan [4] - The acquisition's valuation reflects a staggering premium of over 34 times, with a total equity value of 2.51 billion yuan, indicating a 3421.81% increase [4] - Liminda specializes in critical thermal management hardware for servers and is recognized as a liquid cooling supplier for major clients like NVIDIA [4][5] Group 3 - Institutions are particularly interested in whether Liminda's clients include major overseas companies such as NVIDIA, Meta, and Google, as well as the strategic purpose behind the acquisition [5] - Lingyi Zhi Zao aims to enhance its server product matrix and profitability in the AI hardware server sector through this acquisition, leveraging Liminda's extensive technical expertise and established client relationships [5] Group 4 - Pulit has made breakthroughs in modified materials and is collaborating with leading clients in the humanoid robot industry, focusing on the development of advanced materials for robotic components [8] - The company’s LCP products have been certified by top overseas robot manufacturers and are expected to see increased usage as these products enter the market [8] Group 5 - Guangting Information, which received 66 institutional inquiries, positions itself as a "Digital Architect" in the automotive software industry, aiming to enhance productivity through its AI-driven software development model [9][11] - The company is implementing a Super Software Workshop (SDW) model to improve efficiency and revenue stability, while also pursuing international expansion to alleviate domestic market pressures [11]

| 好久 还在摇 | | | | --- | --- | --- | | 明显! | | | | F | | | | 是啊，晃了很久 | | | | ロ | | | | 哪里地震 | | | | :5 | 按住 说话 | D | 泉州等多地网友有震感 ↓↓↓ 中国地震台网正式测定：12月27日23时05分在台湾宜兰县海域（北纬24.67度，东经122.06度）发生6.6级地震，震源深度60千米。 台北持续摇晃近一分钟。福建福州、泉州等地震感强烈。 | 所编 :福建高感招级强 | | | --- | --- | | 25-12-27 23:09 来自福建 | 乙 四 △ 52 | | 那儿 群 等人 共1条回复 ▼ | | | ● 便:厦门有感 | | | 25-12-27 23:08 来自福建 | 6 0 19 19 | | ■ ★ : 莆田震感明显,我靠!第一次打算跑 | | | 25-12-27 23:09 来自福建 | 17 ਜਿ 195 | | 22 2000 10 10 10 10 1 | | | 25-12-27 23:09 来自福建 | 17 日 占5 | | >■ : : : : 我在车里都很 ...