我们不是资讯的搬运工 而是有态度的发现者 涨跌幅 品种 涨跌幅 0.27% 上证当月连续 3393.35 0.06% 沪深当月连续 10603.10 恒生期货指数 2201.30 2024年12月26日 股指期货 · 1。三部门：鼓励企业探索智能研发新应用，开发"人工智能+"研 发设计软件 3。国常会：要发挥好中介机构资本市场"看门人"作用, 防止中 介机构与发行人不当利益捆绑 1.上海印发《上海市发展医学人工智能工作方案(2025—2027 年)》，相关个股：爱朋医疗(300753)、创新医疗(002173)等 三、上市公司聚焦 3& 锡业股份(000960)：与克什克腾旗人民政府签署《锡产业合作 协议》，共同打造"北方锡都"，实现地企双赢 十二月二十五日(周三)，沪深两市小幅高开后震荡整理, 盘 中"二八"分化加剧，沪指最高上冲到3406点，最低下探3374点， 截止收盘, 上证指数报收3393点, 两市成交额1.28万亿,较上个 交易日缩量263亿，创9月27日以来新低。 整体来看，市场短期割裂，成交持续缩量，且临近年末风格 转换愈发强烈，分化程度或将会进一步加深；风险偏好低的投资 者可配置中证A500 ...

我们不是资讯的搬运工 而是有态度的发现者 品种 涨跌幅 上证指数 3393.53 收盘 品种 1.07% 1.26% 1.15% 沪深当月连续 10671.43 1.17% 创业板指 2213.55 2024年12月25日 股指期货 · 1。财政部：2025年要实施更加积极的财政政策，安排更大规模 政府债券 3。国家发改委：实行"义乌中国小商品城"品牌化管理，强化与 产地型、集散型、销地型商品市场联动 1.多公司进军AI眼镜，"AI眼镜概念"股价创年内新高,相关个股: 博士眼镜(300622)、佳禾智能(300793)等 3. 鼓励社会资本参与铁路建设运营, 行业有望迎来高景气周期, 相关个股： 神州高铁(000008)、 金鹰重工(301048)等 1 汇纳科技(300609)：与大连万达、腾讯科技及高灯科技签署协 议，以1亿元收购大连万达持有的丙晟科技10%股权 3。宁德时代(300750)：在上海举办底盘新品发布会，磐石底盘在 带电情况下可达到120km/h正面碰撞不起火不爆炸 四、市场回顾及展望 从板块上看,涨幅居前是运输设备、日用化工、家电、证券 保险等板块,微信小店概念午后集体大涨,铜缆高速连接、 ...

我们不是资讯的搬运工 而是有态度的发现者 -、宏观消息汇总 3. 民营经济促进法草案提请全国人大常委会会议审议,将进一 步优化民营经济发展环境，推动高质量发展 | --- | --- | --- | --- | --- | --- | |----------|------------------|--------|----------------|----------------|--------| | | | | 万和财富早班车 | 2024年12月23日 | | | | ● 国内金融市场 ● | | | 股指期货 · | | | 品种 | 收盘 | 涨跌幅 | 品种 | 收盘 | 涨跌幅 | | 上证指数 | 3368.07 | -0.06% | 上证当月连续 | 2652.4 | -0.40% | | 深证成指 | 10646.62 | -0.02% | 沪深当月连续 | 3935.0 | -0.28% | | 创业板指 | 2209.66 | -0.18% | 恒生期货指数 | 25351.38 | -0.52% | 二、行业最新动态 三、上市公司聚焦 3。宁德时代(300750)：计划2025年自建 ...

Investment Rating - The industry investment rating is "Outperform the Market" [1][19] Core Viewpoints - The report emphasizes the synergy between policy support and market demand, particularly benefiting the domestic innovation (信创) and artificial intelligence (AI) sectors. The focus is on strengthening foundational research and tackling key core technologies, as well as promoting large-scale applications of new technologies and products [2][3] - The report suggests that despite the rapid increase in valuations since September, the overall performance of the computer sector is expected to improve continuously, supported by government debt reduction efforts and a favorable policy environment. The dual drivers of policy support and technological innovation present significant investment opportunities in the domestic innovation and AI sectors [3][13] Summary by Sections - **Industry Performance**: The computer sector has shown absolute returns of 0.1% over 1 month, 65.0% over 3 months, and 8.3% over 12 months. Relative returns are 1.5% over 1 month, 41.2% over 3 months, and -8.8% over 12 months compared to the CSI 300 index [4] - **Investment Suggestions**: The report recommends focusing on the domestic innovation and AI themes, monitoring product implementation progress and opportunities for performance reversal, given the expected continuous improvement in the sector's fundamentals [3][13] - **Market Conditions**: The report indicates that the computer sector is likely to benefit from liquidity expectations and an increase in risk appetite, with clear signals from recent policy adjustments aimed at maintaining liquidity and stabilizing the market [13][14]

Market Review and Outlook - The domestic financial market shows mixed performance with the Shanghai Composite Index closing at 3370.03, down by 0.36%, while the Shenzhen Component Index increased by 0.61% to 10649.03 [2] - The trading volume in the two markets reached 14441 billion, with 2217 stocks rising and 2747 stocks falling, indicating a slight increase in market activity compared to the previous day [6] Industry Latest Developments - ByteDance's Doubao model family has been fully upgraded, with related stocks including Lexin Technology (688018) and Zhouming Technology (300232) [4] - The Central Rural Work Conference emphasized strengthening agricultural technology and equipment support, with relevant stocks such as Topcloud Agriculture (301556) and Jifeng Technology (300022) [4] - Shenzhen has introduced measures to reduce the costs of AI model research and training, with institutions optimistic about investment opportunities in computing power infrastructure upgrades, related stocks include Nanling Technology (300921) and Runze Technology (300442) [4] Focus on Listed Companies - Pengxin Resources (600490) reported progress on the resumption of its South African West Selection Plant, historically a processing facility for gold ore [5] - Hongying Intelligent (001266) announced that its wholly-owned subsidiary, Shanghai Hongying New Energy Technology Co., participated in a photovoltaic power generation project bid, winning a contract worth 49.2 billion [5] - Lante Optics (688127) focuses on optical communication, with products primarily used in high-speed optical modules [5] Market Trends - Recent market hotspots include liquid cooling servers, copper cable high-speed connections, and communication services, which have seen significant gains [7] - The market has shown a preference for aggressive sectors such as communication services and semiconductors, with both small-cap and large-cap stocks performing well, indicating a consensus among investors to buy into these sectors [7]

Core Insights - The report highlights the importance of proactive market engagement rather than merely relaying information, emphasizing a discovery-driven approach to investment analysis [1]. Macro News Summary - On December 17, the State-owned Assets Supervision and Administration Commission (SASAC) released guidelines to improve the market value management of central enterprises, clarifying objectives and utilizing a "toolbox" for market value management [3]. - UnionPay International will collaborate with WeChat Pay to support overseas UnionPay wallets in scanning domestic WeChat Pay codes, enhancing mobile payment options for foreign visitors in China [3]. Industry Updates - Export restrictions have led to a surge in prices, reaching a 13-year high, with related stocks including Fuda Alloy (603045) and Blue Sky Technology (300487) [4]. - ChatGPT has officially launched globally with significant updates, impacting stocks such as 360 (601360) and Kunlun Wanwei (300418) [4]. - China has initiated its first 6G internet plan, with related companies including Tianyin Machinery (300342) and Huali Chuantong (300045) [4]. Company Focus - Tai Ling Microelectronics (688591) has launched a machine learning and AI development platform based on TL721x and TL751x chips [5]. - Tuobang Co., Ltd. (002139) has established a strong technical foundation and strategic planning in humanoid robotics, excelling in integrated solutions for motors, reducers, and drive control [5]. - Cheng Yi Tong (300430) is making significant progress in the commercialization of non-invasive brain-computer interfaces, exploring applications in rehabilitation, Alzheimer's, Parkinson's, depression, and sleep disorders [5]. Market Review and Outlook - On December 18, the total trading volume in the two markets was 1.36 trillion yuan, with 2,761 stocks rising and 2,139 falling. The trading volume decreased by 149.8 billion yuan compared to the previous day [6]. - The three major indices opened slightly higher and showed a mixed performance, with significant differentiation observed during trading. The overall market exhibited a mixed trend [6]. - Key market themes included significant gains in brain-computer interfaces, semiconductors, and quantum technology, while sectors like tourism and new energy vehicles saw declines [6]. - The report suggests that the market may enter a phase of narrow fluctuations around the support level of 3,372 points, with a potential for future volume-driven rebounds in specific sectors [7].

Core Insights - The report emphasizes the importance of developing long-term capital and differentiated management mechanisms for various types of funds to promote high-quality development of government investment funds [3] - The report highlights the construction of modern coal mines with high intelligence levels and mentions related stocks such as Zhengmei Machinery and Tiandi Technology [4] - The report discusses innovations in the retail industry, particularly the emergence of the first economy and curation-type commercial models, with related stocks including Hancheng Group and Guofang Group [4] - The establishment of China's first factory-based seawater hydrogen production project is noted, with related stocks being Baotailong and Yinglite [4] - The report focuses on specific companies, including Guoxin Technology, which successfully tested its CCP907TQ chip, and Guanghong Technology, which plans to acquire 100% of AC Company [5] Market Review and Outlook - On December 17, the total trading volume of the two markets was 15,104 billion, with 528 stocks rising and 4,559 stocks falling, indicating a significant reduction in trading volume compared to the previous day [6] - The three major indices opened flat and experienced narrow fluctuations, with a notable decline in small-cap stocks compared to large-cap stocks, suggesting a potential upcoming support level around 3,330 points [6] - The report identifies market hotspots, including components, football, automotive, and liquor sectors, while sectors like education, retail, and cultural media saw significant declines [7] - The report advises caution in sectors with high short-term profit-taking, such as robotics and cultural media, while suggesting patience for a potential rebound in alignment with index stabilization [7]

Core Insights - The report highlights the importance of discovering investment opportunities with a proactive attitude rather than merely relaying information [1] Macro News Summary - The Chinese Ministry of Science and Technology announced the signing of a protocol to revise and extend the scientific and technological cooperation agreement between China and the United States [3] - A special action plan for empowering small and medium-sized enterprises in digitalization (2025-2027) was released by multiple government departments, aiming to cultivate high-quality enterprises in the digital economy sector [3] Industry Latest Developments - Breakthroughs in cross-domain heterogeneous computing networks for resource efficiency have been achieved, with related stocks including Keda Guokuan (300520) and Inspur Information (000977) [4] - The new urbanization initiative is expected to unleash significant domestic demand potential, with related stocks such as Kanshe Co., Ltd. (603458) and Shiyan Institute (300732) [4] - The completion of 5G base stations ahead of the "14th Five-Year Plan" target indicates a large market space for subsequent applications, with related stocks including Haige Communication (002465) and Meige Intelligent (002881) [4] Company Focus - Zhongqingbao (300052) signed a five-year contract with China Unicom Shenzhen to provide computing power services, with the final settlement amount to be determined [5] - Wansheng Co., Ltd. (603010) plans to invest in a new production base in Thailand, constructing a project with an annual output of 32,000 tons of phosphate ester flame retardants, with an estimated total investment of approximately 216 million RMB [5] - Zhongsheng Pharmaceutical (002317) received a patent certificate from the European Patent Office for a compound patent related to its innovative drug ZSP1603, which targets idiopathic pulmonary fibrosis and malignant tumors [5] Market Review and Outlook - On December 13, the total trading volume of the two markets reached 20,896 billion, with 795 stocks rising and 4,279 stocks falling, indicating a significant increase of 202.3 billion compared to the previous day [6] - The three major indices opened lower and trended downward, with closing declines exceeding 2%. The market showed strong selling pressure, suggesting potential continuation of this trend in the next trading session [6] - Market hotspots included the ice and snow industry, short drama games, and tourism hotels, while sectors like insurance, liquor, and real estate experienced significant declines [6] - The report notes that the Shanghai Composite Index faced resistance after attempting to challenge the 3,500-point level, indicating a need for further market digestion [6]

Core Insights - The report highlights a significant growth in China's power battery sales, with a year-on-year increase of 29.7% in November [3] - The report discusses the establishment of a 1 billion yuan investment fund in Jilin to foster specialized enterprises in the ice and snow equipment sector [3] - The report notes that various regions are including consumer electronics in their consumption subsidy categories, indicating a positive demand outlook for the industry [4] Industry Developments - ByteDance is expected to create an "AI era Douyin" industrial chain company, which is likely to benefit related stocks such as Huibo Yuntong (301316) and Tiandi Online (002995) [4] - The research and industrialization of new crystalline silicon solar cell technology is accelerating, with related stocks including Jing Shan Light Machinery (000821) and Jieput (688025) [4] - The consumer electronics sector is seeing positive demand trends, with stocks like Yinbang Co. (300337) and Guanghong Technology (300735) being highlighted [4] Company Focus - Voice Sensing Co. (003004) has launched a drone detection and control system for low-altitude safety, applicable in various defense scenarios [5] - Chinese Online (300364) has made advancements in AI large models, multi-modal AI, and AI short dramas, with commercial applications already in place [5] - Jiahe Intelligent (300793) is poised for new growth opportunities in its AI/AR glasses business as these products penetrate the consumer electronics market [5] - Ningbo Fangzheng (300998) plans to purchase 40% of Junpeng Communication from its affiliate Pengxin Chuangzhan using self-raised funds [5] Market Review and Outlook - On December 12, the market experienced a rally, with the ChiNext Index leading gains; total trading volume reached 1.87 trillion yuan, an increase of 90.5 billion yuan from the previous trading day [6] - Consumer stocks were the strongest performers, with significant gains in retail, ice and snow industries, food, and home sectors [6] - The report anticipates continued upward momentum in the market, driven by financial stocks, and suggests that investors look for buying opportunities during the rotation of various sectors [6]

Core Insights - The report emphasizes a proactive approach to discovering investment opportunities rather than merely relaying information [1] Macro News Summary - The policy tone in China is shifting towards "moderate easing," which is expected to be more proactive and targeted in monetary policy tools [3][4] - By the end of 2027, a long-term mechanism for software legalization in the education system is expected to be established, significantly increasing the software legalization rate [3] - The personal pension system is set to be fully rolled out nationwide [3] Industry Latest Developments - The introduction of the strongest quantum chip is expected to surpass the current fastest supercomputers, with related stocks including Guangxun Technology (002281) and Chutianlong (003040) [4] - The launch of the desktop version of Doubao with video generation capabilities is anticipated to accelerate AI applications in the industry, with related stocks including Guomai Culture (301052) and Jiechengtong (300182) [4] - Huawei's upcoming AI summit is expected to catalyze domestic AI models, with related stocks including Xincheng Technology (300542) and Haoyun Technology (300448) [4] Company Focus - Tongyizhong (688722) plans to acquire 75.80% of Chaomeisi for 243 million yuan to expand into the aramid fiber product sector [5] - Xingyun Co., Ltd. (300648) has received approval for a private placement to raise 637 million yuan to diversify its energy storage sector [5] - Yinglite (000635) intends to raise 700 million yuan through a private placement to restructure its integrated industry chain in power, calcium carbide, and PVC, with the controlling shareholder planning to subscribe for up to 350 million yuan [5] - Shanghai Pharmaceuticals (601607) has received clinical trial approval for its fully-owned subsidiary's sodium dodecyl sulfate injection [5] Market Review and Outlook - On December 11, the market experienced narrow fluctuations with mixed performance across the three major indices, and total trading volume in the Shanghai and Shenzhen markets was 1.78 trillion yuan, a decrease of 423.8 billion yuan from the previous trading day [7] - The market saw over 3,800 stocks rise, with more than 150 stocks hitting the daily limit or rising over 10%, particularly in the consumer and technology sectors [7] - The outlook suggests a continuation of a fragmented market, with a focus on short-term opportunities and sector rotation, as long as there is no significant downward trend in the indices [7]