编辑 ｜ 钉钉 11月19日晚间，合富中国公告称，公司股票将于2025年11月20日开市起复牌。自10月28日至11月14日， 公司股票连续十四个交易日中有十二个交易日以涨停价收盘，累计涨幅高达256.29%，远超同期行业及 上证指数涨幅。 | 证券代码 | 证券简称 | 停复牌类型 | 停牌起 | 停牌 | 停牌终止日 | 复牌日 | | --- | --- | --- | --- | --- | --- | --- | | | | | 始日 | 期间 | | | | 603122 | 合富中国 | A 股 复牌 | | | 2025/11/19 | 2025/11/20 | 公告称，公司主营业务未变但处于亏损状态，2025年第三季度归属上市公司股东的净利润为-50 4.8万 元。公司最 新市盈率343.67倍，显著高于同行业上市公司 水平。公司提醒投资者关注业绩波动及估值 偏高风险，理性投资，注意交易风险。 合富中国 11月17日开市起停牌， 此前走出14天12板。 ...

编辑 ｜ 钉钉 11月19日，港股震荡走低，恒生指数收跌0.38%，恒生科技指数下跌0.69%。 新能源汽车股延续昨日跌势，小米集团跌超4%，理想汽车、蔚来等跌超2%。 科网股涨跌互现， 快手，中芯国际等跌超1%，京东集团、美团等小幅下跌；阿里巴巴涨超1%，腾讯音 乐、京东健康等小幅上涨。 ...

Core Viewpoint - Gold stocks experienced a strong rally, with several companies reaching their daily limit up, indicating a positive market sentiment towards the gold sector [1][3]. Group 1: Stock Performance - Zhongjin Gold reached its daily limit up, while other gold stocks like Xiaocheng Technology and Chifeng Gold saw increases of over 7% [1][3]. - The stock performance of various companies is as follows: - Shenhua A: +9.94%, market cap of 52.58 billion - Zhongjin Gold: +8.52%, market cap of 109.9 billion - Xiaocheng Technology: +7.64%, market cap of 69.16 billion - Chifeng Gold: +7.37%, market cap of 597.9 billion - Other notable performers include Shandong Gold and Shanjin International with increases of 45.67% and 45.23% respectively [4]. Group 2: Gold Prices - The spot gold price surpassed $4,090 per ounce, reflecting a 0.66% increase [4]. - Domestic prices for gold jewelry have stabilized, with several brands reporting prices above 1,290 yuan per gram. For instance, Chow Sang Sang's gold jewelry price was 1,296 yuan per gram, while other brands like Chow Tai Fook and Xie Ruilin reported prices of 1,295 yuan per gram [6].

Group 1 - The company, Southern Power Grid Digital Grid Research Institute Co., Ltd., officially listed on the Shenzhen Stock Exchange on November 18, with an opening increase of 261.51% on its first trading day [1] - By the end of the trading day, the stock's increase settled at 224.78% [1] - On November 19, the newly listed stock experienced a surge of over 30% in the afternoon session, with the stock triggering a trading halt during the morning session [2]

Core Insights - The global shipping industry, which relies on maritime transport for 90% of trade, is undergoing unprecedented changes driven by green fuels, digital transformation, geopolitical factors, and supply chain restructuring [1] Group 1: Industry Transformation - The North Bund International Shipping Forum is celebrating its fifth anniversary, focusing on core issues and future prospects of the shipping industry [1] - Key discussions include how finance can reshape global shipping, highlighting the importance of financial strategies in navigating industry changes [1] Group 2: Key Participants - The dialogue features prominent figures such as Jens Meyer, CEO of Hamburg Port Authority, Frederic Denefle, President of the International Union of Marine Insurance, and Marika-Laurent, Senior Vice President of Shipping Policy and Government Relations at Mediterranean Shipping Company [1]

今日午后，水产养殖板块直线拉升。国联水产、獐子岛、大湖股份、好当家午后相继直线涨停。 | 创 | 4 | 国联水产 300094 | 5.38 | +20.09% | +0.90 | | --- | --- | --- | --- | --- | --- | | SZ | 4 | 障子岛 | 4.58 | +10.10% | +0.42 | | | | 002069 | | | | | SH | + | 好当家 | 3.01 | +9.85% | +0.27 | | | | 600467 | | | | | ટેન | | 大湖股份 | 6.99 | +10.08% | +0.64 | | | | 600257 | | | | ...

11月18日，广期所公告，自2025年11月20日交易时起，碳酸锂期货LC2601合约的交易手续费标准调整 为成交金额的万分之一点二，日内平今仓交易手续费标准调整为成交金额的万分之一点二。 编辑丨瑜见 11月19日，碳酸锂期货主力合约再度走强，盘中涨幅一度超5%，突破10万元/吨，创2024年6月以来新 高。 ...

Core Viewpoint - The China Shipbuilding sector experienced a significant increase, with the sector index rising over 4% as of the report's publication [1]. Group 1: Stock Performance - China Shipbuilding Defense saw a peak increase of over 9%, currently up over 7% [3]. - Other stocks in the sector, including China Shipbuilding Han Guang and Jiu Zhi Yang, also reported gains exceeding 6% [3]. - All stocks within the sector showed positive performance, indicating a strong market sentiment [3]. Group 2: Individual Stock Details - China Shipbuilding Defense: Current price at 28.36, up 7.83% [4]. - China Shipbuilding Han Guang: Current price at 18.66, up 6.69% [4]. - Jiu Zhi Yang: Current price at 43.10, up 6.71% [4]. - Kunshan Intelligent: Current price at 20.00, up 3.95% [4]. - ST Emergency: Current price at 8.89, up 4.10% [4]. - China Marine Defense: Current price at 30.54, up 3.49% [4]. - China Shipbuilding Technology: Current price at 12.30, up 2.16% [4]. - China Shipbuilding: Current price at 34.73, up 2.09% [4]. - China Euro Marine Control: Current price at 15.25, up 1.87% [4]. - China Power: Current price at 20.67, up 1.37% [4].

Core Points - Bank stocks experienced a volatile rise on November 19, with notable gains among several banks [1] - China Bank's stock price reached a new high, increasing by over 2% [1] Group 1: Stock Performance - China Bank's stock rose by 2.94%, reaching a price of 5.95 [2] - Everbright Bank's stock increased by 1.98%, with a price of 3.60 [2] - Jiangsu Bank's stock saw a rise of 1.49%, priced at 10.89 [2] - Traffic Bank's stock rose by 1.75%, reaching 7.56 [2] - Chongqing Bank's stock increased by 1.07%, priced at 11.32 [2] - CITIC Bank's stock rose by 1.52%, with a price of 8.04 [2] - China Merchants Bank's stock increased by 1.21%, priced at 43.40 [2]

Core Viewpoint - The upcoming year 2026 is anticipated to be a year of comprehensive reform and development, with new driving forces for economic growth emerging, particularly in technology and innovation [1][2][3]. Economic Outlook - The "14th Five-Year Plan" emphasizes accelerating high-level technological self-reliance and innovation, which is expected to drive new productivity in the economy [2]. - The accumulation of technological factors is projected to lead to breakthroughs in future industries such as AI, biomedicine, hydrogen energy, and sixth-generation mobile communications [2]. - The focus on expanding domestic demand is expected to strengthen under the reform framework, with a notable emphasis on structural economic recovery in 2026 [3]. A-Share Market Strategy - A-share market is currently experiencing a phase of high valuation and potential adjustment, particularly in the AI sector, but a significant upward trend is not yet concluded [6][7]. - A small rebound in technology growth is expected before the spring of 2026, with a potential comprehensive market rally in the second half of the year [7]. - Key investment themes for 2026 include recovery trades in basic chemicals and industrial metals, technology industry trends in humanoid robots and energy storage, and enhanced manufacturing influence [7]. Consumer and Investment Trends - The nominal GDP is expected to improve, leading to better profitability and a recovery in investment growth, with fixed asset investment projected to return to around 3% [4]. - Consumer retail growth is anticipated to be 4.5% in 2026, with service sector retail expected to perform better at 5.5% [3]. External Demand - Export resilience is expected to remain strong, with a narrowing decline in exports to the U.S. and an increase in trade with non-U.S. regions [5].