Market Overview - The Hong Kong stock market saw all three major indices rise, with the Hang Seng Technology Index increasing by 1.74%, the Hang Seng Index by 0.86%, and the National Enterprises Index by 1.12% [1][2]. Technology Sector - Major technology stocks collectively rose, with Baidu surging nearly 9%, and NetEase and Xiaomi both increasing over 2%. Other notable gains were seen in JD.com, Tencent, Alibaba, and Meituan [5][6]. - Semiconductor stocks also experienced significant gains, led by InnoCare, which rose over 15%, while major players like SMIC increased by over 4% [7][8]. New Listings - Six new stocks were listed on the Hong Kong market, with notable increases including InnoSilicon up 24.66%, and Wuyiyi Vision up 29.9% [3]. Energy Sector - Oil stocks strengthened, with CNOOC rising nearly 4% as international oil prices surged due to heightened geopolitical risks. WTI crude surpassed $58 per barrel, and Brent approached $62 per barrel [14]. Entertainment Sector - The film and entertainment sector was active, with Emperor Culture Industries rising nearly 9%. The 2025 box office has already surpassed 5.3 billion yuan, marking a new high in recent years [13]. Wind Power Sector - Wind power stocks fell sharply, with Goldwind Technology dropping nearly 11%, alongside declines in other related companies [16][17]. AI and Robotics Sector - AI application companies like MaiFusTech saw significant gains, rising over 11% after announcing strategic partnerships with major tech firms [18][21]. - Robotics stocks also performed well, with Sanhua Intelligent Control increasing over 12% [11]. Investment Outlook - Analysts suggest that the Hong Kong market may continue to trend upward due to supportive domestic policies and a weaker US dollar. There is a focus on technology growth and high dividend strategies as potential investment opportunities [23].

热门板块方面 盘面上，大型科技股悉数飘红，百度劲升近9%，阿里巴巴涨0.84%，腾讯涨0.59%。市场预热特斯拉 Optimus发包，机器人概念股拉升走强，三花智控大涨超12%；半导体股亮眼，中芯国际涨超4%；俄乌 局势动荡扰动油价，石油股上扬；有色股、汽车股等表现活跃。另一边，医药股继续走弱，风电股、航 空股等普遍承压。 1. 机器人概念午后拉升。截至收盘，越疆(02432)涨13.45%，报38.46港元；三花智控(02050)涨12.53%， 报38.44港元；优必选(09880)涨8.28%，报129.4港元；蓝思科技(06613)涨5.06%，报25.34港元。 据券商中国报道，有传闻指出，供应链公司近期陆续赴北美拜访客户，市场预期特斯拉Optimus项目发 包在即；另有消息称特朗普政府正考虑2026年发布一项关于机器人的行政命令。值得关注的是，近期国 内人形机器人领域也催化频频。京东与宇树科技两家公司合作的线下体验店首店将于12月31日开业，推 动人形机器人商业落地与消费者触达。此前12月26日，工信部成立人形机器人标准化技术委员会。 智通财经APP获悉，港股三大指数集体走高，午后涨幅进一步扩大。 ...

Market Overview - The A-share market experienced a strong upward trend, with the Shanghai Composite Index closing with a 10-day winning streak, while the Shenzhen Component Index and the ChiNext Index rose by 0.49% and 0.63% respectively [1] - The total trading volume in the Shanghai and Shenzhen markets exceeded 2 trillion yuan for the third consecutive trading day, increasing by 3.8 billion yuan compared to the previous trading day [2] Sector Performance - The robotics sector saw significant gains, with multiple stocks hitting the daily limit, including Fenglong Co. with five consecutive limit-ups and Tianqi Co. with four consecutive limit-ups [3] - The AI glasses concept also showed strong performance, with stocks like New Xiang Micro rising nearly 10% and Yingpais rising over 7% [3] - AI-related stocks collectively surged, with over ten stocks in the AI, AI agents, and AIGC sectors hitting the daily limit, including Kute Intelligent and Baijia Qiancheng [3] Hong Kong Market - The Hong Kong stock market also showed strength, with the Hang Seng Index rising over 1% and the Hang Seng Tech Index increasing by more than 2% [5] International Markets - The Japanese and South Korean stock markets closed early due to the New Year's holiday, with the Nikkei 225 Index down 0.37% but showing a strong annual performance, gaining over 10,000 points and up 26.18% for the year [7]

12月29日晚，中芯国际发布收购草案，公司拟以发行股份购买中芯北方49%股权，交易价格最终定为 406.01亿元。 草案显示，中芯国际计划以74.20元/股的价格，合计发行约5.47亿股股份，占发行后公司总股本的 6.40%。交易方包含国家集成电路基金、集成电路投资中心、亦庄国投、中关村发展、北京工投共五位 股东。 盈利方面，中芯北方表现也较为亮眼。2023年至2025年1-8月，实现营业收入分别为115.76亿元、129.79 亿元及90.12亿元；同期净利润分别为5.85亿元、16.82亿元及15.44亿元。截止8月底，中芯北方100%股 权的评估值为828.59亿元，较其账面净资产增值410.51亿元，增值率98.19%。 值得一提的是，在披露收购草案的同时，中芯国际还发布了一则增资公告。中芯控股与国家集成电路基 金、国家集成电路基金二期等订立新合资合同及新增资扩股协议：将引入大基金三期、先导集成电路基 金等作为中芯南方新的投资方，中芯南方将获得77.78亿美元的现金注资。 据悉，作为中芯国际先进工艺的核心运营平台，中芯南方主要提供14nm FinFET及以下的技术工艺。中 芯国际表示，此次增资有利于降 ...

12月30日午后，港股硬科技逆市走高，迈富时、英诺赛科涨超11%，优必选涨超9%，第四范式涨超6%，中芯国际大涨超4%。全市场首只聚焦"港股芯片"产 业链的港股信息技术ETF（159131）午后震荡走高，现涨1.89%，实时成交额超5700万元。 数据来源：中证指数公司，沪深交易所。 注："全市场首只"是指首只跟踪中证港股通信息技术综合指数的ETF。中证港股通信息技术综合指数设置单个样本权重上限为15%，伴随个股市值波动权重 占比会产生相应变化，可能会出现超过15%的情形。指数样本每半年调整一次，届时单个样本权重上限一般会平衡至15%。近期市场波动可能较大，短期涨 跌幅不预示未来表现。请投资者务必根据自身的资金状况和风险承受能力理性投资，高度注意仓位和风险管理。 风险提示：港股通信息技术ETF被动跟踪中证港股通信息技术综合指数，该指数基日为2014.11.14，发布于2017.6.23。材料中指数成份股仅作展示，个股描 述不作为任何形式的投资建议，也不代表管理人旗下任何基金的持仓信息和交易动向。本产品由华宝基金发行与管理，代销机构不承担产品的投资、兑付和 风险管理责任。投资人应当认真阅读《基金合同》、《招募说 ...

Group 1 - The A-share market saw all three major indices turn positive, with the Kweichow Moutai ETF (588000) experiencing a maximum increase of 1.55% in the afternoon session [1] - The semiconductor industry chain was notably active, with stocks such as Cambricon Technologies rising by 5.41%, Chipone Technology by 4.56%, and others showing significant gains [1] - SMIC announced plans to issue 547 million shares to acquire 49% equity in SMIC North, with a transaction value of 40.601 billion yuan, resulting in SMIC owning 100% of SMIC North post-transaction [1] Group 2 - The Kweichow Moutai ETF (588000) tracks the Sci-Tech 50 Index, with 69.39% of its holdings in the electronics sector and 4.88% in the computer sector, aligning well with the development of cutting-edge industries like AI and robotics [2] - The ETF also covers various sub-sectors including semiconductors, medical devices, software development, and photovoltaic equipment, indicating a strong focus on high-tech industries [2]

数据来源：中证指数公司，沪深交易所。 12月30日午后，港股硬科技逆市走高，迈富时、英诺赛科涨超11%，优必选涨超9%，第四范式涨超 6%，中芯国际大涨超4%。全市场首只聚焦"港股芯片"产业链的港股信息技术ETF（159131）午后震荡 走高，现涨1.89%，实时成交额超5700万元。 | | | 分时 $日 1分 5分 15分 30分 60分 日 周 月 * | | | | F9 盘前盘后 最加 九和 画线 工具 (2 ) | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 0.92 | | | | 159131[悲股德奥技术ETF] 14:12 价 0.918 涨跌 0.017(1.89%) 均价: 0.910 成交量: 51 IOPV 0.9201 1. | | | | | | 0 91 8 +0.017 +1.89% | | | | | | | | A . A | | | | | SZSE CNY 14:12:27 交易中 查看L2全覆 | | | 0911 | | | | | ...

Core Viewpoint - The semiconductor industry is experiencing significant activity, particularly in the areas of computing chips and wafer foundry, with notable developments such as SMIC's acquisition of a 49% stake in SMIC North from its shareholders for approximately 40.6 billion yuan, enhancing its control over the 12-inch wafer foundry market [1][2]. Group 1: Company Developments - SMIC announced plans to acquire a 49% stake in SMIC North for about 40.6 billion yuan, which will result in SMIC fully controlling SMIC North, a company specializing in 12-inch wafer foundry services [1][2]. - The valuation of 100% of SMIC North's equity was assessed at approximately 82.86 billion yuan as of August 31, 2025, indicating a strong market position [1]. - The acquisition is expected to improve SMIC's asset quality and business synergy, promoting long-term development [1]. Group 2: Industry Trends - Recent reports highlight a growing interest in the semiconductor supply chain, with companies like Nvidia acquiring assets to enhance their computing chip architecture [2]. - The domestic semiconductor equipment industry is benefiting from both technological cycles and domestic substitution demands, extending beyond equipment to chip design and wafer manufacturing [2]. - The integration and potential expansion of wafer manufacturing capacity are expected to drive demand for essential manufacturing equipment and materials, such as photolithography machines and silicon wafers [3]. Group 3: Market Implications - The consolidation of wafer manufacturing capacity is likely to stabilize or increase demand for upstream equipment and materials, providing reliable capacity assurance for downstream chip design companies [2][3]. - The collaboration between domestic foundries like SMIC and chip design firms is crucial for the development of AI computing chips, communication chips, and various specialized processors, fostering innovation and commercialization [3].

12月30日 午后 ，港股走高，恒生科技指数涨近2%，恒生指数涨近1%。 科网股集体拉升，百度大涨近8%，地平线机器人涨超5%，中芯国际涨超4%，蔚来、商汤、小米集团、 网易等跟涨。 | 百度集团-SW | 128.600 | 7.98% | | --- | --- | --- | | 9888.HK | | | | 地平线机器人-W | 8.940 | 5.55% | | 9660.HK | | | | 中芯国际 | 72.500 | 4.24% | | 0981.HK | | | | 蔚来-SW | 41.760 | 3.57% | | 9866.HK | | | | 商汤-W | 2.200 | 3.29% | | 0020.HK | | | | 舜宇光学科技 | 65.150 | 2.76% | | 2382.HK | | | | 专题未后带 | 74.300 | 2.55% | | 1347.HK | | | | 小米集团-W | 39.520 | 2.44% | | 1810.HK | | | | 网易-S | 221.000 | 2.22% | | 9999.HK | | | | 小鹏汽车-W ...

12月30日午后，港股硬科技逆市走高，迈富时、英诺赛科涨超11%，优必选涨超9%，第四范式涨超 6%，中芯国际大涨超4%。全市场首只聚焦"港股芯片"产业链的港股信息技术ETF（159131）午后震荡 走高，现涨1.89%，实时成交额超5700万元。 数据来源：中证指数公司，沪深交易所。 注："全市场首只"是指首只跟踪中证港股通信息技术综合指数的ETF。中证港股通信息技术综合指数设 置单个样本权重上限为15%，伴随个股市值波动权重占比会产生相应变化，可能会出现超过15%的情 形。指数样本每半年调整一次，届时单个样本权重上限一般会平衡至15%。近期市场波动可能较大，短 期涨跌幅不预示未来表现。请投资者务必根据自身的资金状况和风险承受能力理性投资，高度注意仓位 和风险管理。 风险提示：港股通信息技术ETF被动跟踪中证港股通信息技术综合指数，该指数基日为2014.11.14，发 布于2017.6.23。材料中指数成份股仅作展示，个股描述不作为任何形式的投资建议，也不代表管理人旗 下任何基金的持仓信息和交易动向。本产品由华宝基金发行与管理，代销机构不承担产品的投资、兑付 和风险管理责任。投资人应当认真阅读《基金合同》、 ...