【导读】锂矿概念股涨幅居前，多只高位人气股跌停 消息面上，广期所碳酸锂主力合约盘中涨超6%，突破106000元/吨，创2年多来新高。 有分析认为，当前碳酸锂期货价格较年内低点已经上涨超70%。随着11月份电池销量数据的出炉，市场对于碳酸锂的需求预期已经大幅扭转。数据显示， 自今年8月以来，杠杆资金净买入一批锂矿概念股，融资净买额前20个股合计近300亿元，其中，宁德时代（300750）融资净买额超138亿元，排名第一。 高位人气股大面积退潮 高位人气股大面积退潮，博纳影业（001330）连续3日跌停，太阳电缆（002300）、法尔胜（000890）、南矿集团（001360）、中源家居（603709）跌 停，梦天家居（603216）、中央商场（600280）、茂业商业（600828）等跌幅靠前。 一起来看下最新的市场情况及资讯。 从板块来看，锂矿概念股涨幅居前，餐饮旅游、航空、零售等板块表现活跃；而航天军工、发电设备、稳定币等板块震荡调整。个股方面，超4100只个股 下跌。 港股方面，三大指数飘红，阿里健康、华虹半导体、携程集团等上涨。 | 恒生指数 | 恒生国企 | 恒生科技 | | --- | --- | ...

早盘，锂矿概念走高，国城矿业（000688）、金圆股份（000546）盘初直线涨停，大中矿业、盛新锂能、盐湖股份等跟涨。港股锂电池股亦走强，截至发 稿，赣锋锂业涨超5%、天齐锂业涨超4%。消息面上，广期所碳酸锂主力合约盘中一度涨超7%，截至发稿仍涨6.78%。 | < V | | | 碳酸锂主连 | | | ra Q | | | --- | --- | --- | --- | --- | --- | --- | --- | | | lcm 广期所 ▼ | | | | | | | | 107780 →チ | 101500 最高 | | | 108300 最低 | | 101500 | | | 6.78% 6840 | 总手 | 51.4万 持仓 | | 70.3万 日增 | | 36540 | | | 结算 | 昨结 | 100940 | | | | 臣令 | | | 分时 五日 | 周长 | 目K | | 目 K | | 更多,◎ | | | 108300 | | | | 7.29% | 卖 1 107780 | | 9 | | | | | | | 买1 107760 | | 28 | | | | | | | ...

内容概要：味精作为食品工业的重要部分，近年来产量保持稳定增长趋势，据百川盈孚数据显示，2024 年我国味精产量达301.5万吨，同比增长11.9%，产能利用率达84.7%，与此同时，随着国民生活水平的 提高，消费者对食品的口味和品质要求不断提升，味精作为一种常用的调味品，家庭与餐饮基础需求持 续稳定，尤其是餐饮连锁化、预制菜、方便食品等B端场景对标准化鲜味方案需求更为旺盛，已成为味 精市场的增量主力，据统计，2024年我国味精表观消费量达299.7万吨，同比增长12.0%。 上市企业：阜丰集团（00546.HK）、梅花生物（600873）、莲花控股（600186）、星湖科技 （600866）、海天味业（603288）、千禾味业（603027）、佳隆股份（002495）、加加食品（002650） 相关企业：宁夏伊品生物科技股份有限公司、中粮生化（成都）有限公司、辽宁帝华味精食品有限公 司、广州奥桑味精食品有限公司 关键词：味精生产工艺、味精发展历程、味精市场政策、味精产业链图谱、味精供需现状、味精进出口 贸易、味精竞争格局、味精发展趋势 一、概述 味精是商品名称，化学成分为谷氨酸钠，根据《GB/T 8967-2 ...

Core Insights - The article highlights the short-selling ratios and amounts for various companies, indicating significant market sentiment towards these stocks [1][2]. Short-Selling Ratios - JD Health-R (86618) and JD Group-SWR (89618) have the highest short-selling ratios at 100.00% [2]. - SenseTime-WR (80020) follows with a short-selling ratio of 80.34% [2]. - Lenovo Group-R (80992) has a short-selling ratio of 72.73% [2]. Short-Selling Amounts - Meituan-W (03690) leads in short-selling amount with 1.814 billion [2]. - Tencent Holdings (00700) and Alibaba-SW (09988) follow with short-selling amounts of 1.003 billion and 901 million, respectively [2]. - Three Life Pharmaceutical (01530) has a short-selling amount of 776 million [2]. Deviation Values - Three Life Pharmaceutical (01530) has the highest deviation value at 41.74%, indicating a significant difference from its average short-selling ratio [2]. - OSL Group (00863) and JD Group-SWR (89618) have deviation values of 36.46% and 33.86%, respectively [2]. - JD Health-R (86618) also shows a notable deviation value of 27.93% [2].

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年11月30日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 阜豐集團有限公司 呈交日期: 2025年12月2日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 00546 | 說明 | 不適用 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 10,000,000,000 | HKD | | 0.1 | HKD | | 1,000,000,000 | | 增加 / 減少 (-) | | | | | | | HKD | | | | 本月底結存 | | | 10,000,000,000 | HKD | | 0.1 | HKD | | 1,000,000,000 | ...

Core Insights - The article highlights the top short-selling stocks in the market, indicating significant investor skepticism towards these companies [1][2]. Short-Selling Ratios - Lenovo Group-R (80992) has the highest short-selling ratio at 87.71%, followed by Ping An Insurance-R (82318) at 69.65% and Shougang Resources (00639) at 62.81% [1][2]. - The short-selling amounts for Alibaba-SW (09988), Tencent Holdings (00700), and Xiaomi Group-W (01810) are the highest, amounting to 5.06 billion, 1.62 billion, and 1.17 billion respectively [1][2]. Deviation Values - Shougang Resources (00639) leads in deviation value at 48.27%, followed closely by Ping An Insurance-R (82318) at 46.76% and FIH Mobile Limited (02038) at 46.20% [1][2]. - The deviation value indicates the difference between the current short-selling ratio and the average short-selling ratio over the past 30 days, suggesting heightened market volatility for these stocks [3].

Core Insights - The lithium mining sector is experiencing a strong upward trend, with several companies achieving consecutive gains in their stock prices, indicating robust investor interest and market momentum [1][2][3] Lithium Mining Sector - Major companies such as Dawi Co. (002213) and Jinyuan Co. (000546) have seen their stocks rise for three and four consecutive trading days, respectively [1] - Shengxin Lithium Energy has reached its daily limit increase, while companies like Weiling Co., Rongjie Co., and Salt Lake Co. are also among the top gainers [1] - The price of lithium carbonate futures on the Shanghai Futures Exchange has surpassed 102,000 yuan per ton, following a previous breakthrough of 100,000 yuan per ton [1] Solid-State Battery Sector - The solid-state battery concept is also witnessing a surge, with companies like Guanghua Technology, Nord Co., and Binhai Energy hitting their daily limit increases [3][4] - Notable stock performances include Yilian Technology (301631) and Tianhua New Energy (300390), both showing significant percentage increases [4][5]

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年10月31日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 阜豐集團有限公司 本月底法定/註冊股本總額： HKD 1,000,000,000 第 1 頁 共 10 頁 v 1.1.1 FF301 FF301 II. 已發行股份及/或庫存股份變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | 於香港聯交所上市 (註1) | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 00546 | 說明 | 不適用 | | | | | | | | 已發行股份（不包括庫存股份）數目 | | 庫存股份數目 | | 已發行股份總數 | | | 上月底結存 | | | 2,507,241,037 | | 0 | | 2,507,241,037 | | 增加 / 減少 (-) | | | | | | | | | 本月底結存 | | | 2,507,241,037 | | 0 | | 2,507,241,037 ...

Investment Rating - The report provides a positive outlook for the Hong Kong food and beverage sector, indicating potential investment opportunities in resilient companies within the industry [2][9]. Core Insights - The report outlines six phases of the Hang Seng Consumer Staples Index, highlighting the cyclical nature of the industry and the impact of external factors such as economic conditions and policy changes on consumer demand [3][4][28]. - The analysis emphasizes the importance of identifying resilient stocks in the food and beverage sector, particularly in the upstream farming and downstream dairy product industries, as they are expected to benefit from market dynamics and policy support [6][7][53]. Summary by Sections Phase Review of the Hang Seng Consumer Staples Index - Phase 1: Downward trend due to slowing GDP and reduced consumer demand, leading to a decline in the index [3]. - Phase 2: Strong recovery driven by global economic recovery and improved earnings of leading consumer staples companies [3]. - Phase 3: Period of volatility influenced by trade tensions and tightening global liquidity [3]. - Phase 4: Rapid increase in the index due to the rigid demand for essential consumption during the pandemic [3]. - Phase 5: Continuous decline influenced by repeated pandemic disruptions and rising raw material costs [4]. - Phase 6: Valuation recovery initiated by domestic consumption policies and inflow of long-term capital [4][28]. Investment Opportunities in the Food and Beverage Sector - Upstream farming opportunities are highlighted, with a focus on the dairy and beef sectors, where prices are expected to stabilize and rise due to supply constraints and recovering demand [6][44]. - Downstream dairy product opportunities are supported by recent policies aimed at boosting demand and improving market competition, which will benefit leading companies in the sector [7][53]. Investment Recommendations - Companies such as Yurun Agriculture (09858.HK) and Modern Farming (01117.HK) are recommended for their strong cash flow and potential to benefit from the anticipated recovery in raw milk prices [9][57]. - The report suggests that policy support will create upward momentum for companies like Mengniu Dairy (02319.HK) and H&H International Holdings (01112.HK), which are positioned to capitalize on market opportunities [10][57]. - The potential for industry restructuring and the emergence of leading companies is noted, particularly in the coconut water segment, with recommendations for IFBH (06603.HK) [11][58].

Core Viewpoint - The Hong Kong Dividend Low Volatility ETF (520890) has experienced a significant decrease in both share count and total assets in 2024, indicating potential challenges in attracting investment [1][2]. Group 1: Fund Overview - The Hong Kong Dividend Low Volatility ETF (520890) was established on September 4, 2024, with an annual management fee of 0.50% and a custody fee of 0.10% [1]. - As of October 10, 2024, the fund had a total of 70.08 million shares and a total size of 98.15 million yuan, down from 123 million shares and 146 million yuan at the end of 2024, representing a 43.09% decrease in shares and a 32.92% decrease in size year-to-date [1]. Group 2: Liquidity and Trading Activity - Over the last 20 trading days, the ETF has accumulated a total trading amount of 688 million yuan, with an average daily trading amount of 34.41 million yuan [1]. - Year-to-date, the ETF has seen a total trading amount of 2.643 billion yuan over 186 trading days, averaging 14.21 million yuan per day [1]. Group 3: Fund Performance and Holdings - The current fund manager, Li Qian, has managed the ETF since its inception, achieving a return of 40.20% during her tenure [2]. - The ETF's top holdings include Shougang Resources (3.83%), Far East Horizon (3.69%), Chongqing Rural Commercial Bank (3.27%), and others, with the total holdings reflecting a diversified portfolio [2].