智通财经APP获悉，截止12月19日，未平仓空单比位列前三位为万科企业（02202）、中远海控 （01919）、恒瑞医药（01276），空仓比分别为18.48%、16.79%、15.54%。 未平仓空仓比增加最大的10只股票 | 股票名称 | 上一次空仓比 | 最新空仓比 | 增加值↓ | | --- | --- | --- | --- | | 宁德时代(03750) | 10.02% | 12.37% | 2.35% | | 蓝思科技(06613) | 4.75% | 7.09% | 2.34% | | 优必选(09880) | 1.86% | 3.15% | 1.29% | | 商汤-W(00020) | 4.93% | 6.16% | 1.22% | | OSL集团(00863) | 6.13% | 7.15% | 1.01% | | 药明康德(02359) | 6.81% | 7.80% | 0.99% | | 东方电气(01072) | 14.53% | 15.31% | 0.78% | | 易鑫集团(02858) | 2.02% | 2.79% | 0.77% | | 裕元集团(00551) | ...

Core Viewpoint - The report from Everbright Securities indicates that the Hong Kong stock market is expected to experience a "Davis Double Play" in 2026, driven by valuation recovery, profit growth, and a return to main themes, particularly in the TMT sector [1] Group 1: Investment Strategy - The report establishes a framework of "Four AI Main Lines" to help investors navigate opportunities in the Hong Kong tech sector during the AI era [1] - It suggests a strategic investment rhythm of "computing power foundation → application blossoming → terminal and robotics realization" to select leading companies under each main line [1] Group 2: Main Line One - Internet Giants - AI is driving internet giants to shift from traffic competition to ecosystem capability competition, with cloud business capital expenditure doubling and advertising click-through rates increasing by 15%-20% due to AI [2] - Key investment focuses include Tencent Holdings, Alibaba-W, and Kuaishou, which are positioned to leverage AI for ecosystem development [2] Group 3: Main Line Two - AI Computing Power Industry Chain - Leading companies continue to exceed earnings expectations, with strong capital expenditure from cloud vendors and tight chip supply countering "bubble theories" [3] - The report identifies three areas of certainty: communication networking benefiting from global tech upgrades, semiconductor manufacturing for domestic substitution, and key equipment and materials for computing power upgrades [3] Group 4: Main Line Three - AI Applications - AI application investments are entering a phase where performance is critical, with clear signals of commercialization acceleration in SaaS, content ecosystems, and advertising [4] - The evolution of enterprise tools into "intelligent agents" is driving ARPU growth, while programmatic advertising is beginning to release profits [4] Group 5: Main Line Four - AI Hardware and Robotics - 2026 is projected to be a pivotal year for AI-defined hardware and the mass production of robots [5] - Major hardware manufacturers like Apple and Xiaomi are enhancing AI capabilities, while global tech giants are entering hardware sectors, revealing investment opportunities across the robotics supply chain [5] Group 6: Specific Investment Targets - Sunny Optical Technology: A global leader in mobile and automotive optics, with growth driven by increased project shares and rapid growth in automotive lenses/modules [6] - Lenovo Group: Holds the largest share in AIPC, with valuation catalysts pending from server business profitability and AIPC demand [6] - AAC Technologies: A platform company in acoustics, optics, and motors, with growth linked to A customer strategies and AI edge [7] - BYD Electronics: A leader in precision manufacturing, with growth contingent on Apple business performance and new automotive products [7] - Xiaomi Group: The "people-car-home + AI" strategy opens long-term growth potential, though short-term challenges exist [7]

董事會策略及發展委員會職權範圍 SUNNY OPTICAL TECHNOLOGY (GROUP) COMPANY LIMITED （ 舜 宇 光 學 科 技（ 集 團 ）有 限 公 司 ） ("Company"「本公司」) Terms of reference of the Strategy and Development Committee ("Committee") of the board (the "Board") of directors ("Directors" and each a "Director") of the Company SUNNY OPTICAL TECHNOLOGY (GROUP) COMPANY LIMITED （ 舜 宇 光 學 科 技（ 集 團 ）有 限 公 司 ） Terms of reference of the strategy and development committee of the Board of Directors 委員會主席由董事會委任。 本公司董事（「董事」及各為一名「董事」）會（「董事會」）策略及發展委員會（「委員會」）職權範圍 1 Adopt ...

SUNNY OPTICAL TECHNOLOGY (GROUP) COMPANY LIMITED （ 舜 宇 光 學 科 技（ 集 團 ）有 限 公 司 ） SUNNY OPTICAL TECHNOLOGY (GROUP) COMPANY LIMITED （ 舜 宇 光 學 科 技（ 集 團 ）有 限 公 司 ） ("Company"「本公司」) Terms of reference of the Audit Committee ("Committee") of the board (the "Board") of directors ("Directors" and each a "Director") of the Company 本公司董事（「董事」及各為一名「董事」）會（「董事會」）審核委員會（「委員會」）職權範圍 1 Adoption of the Terms of Reference Terms of reference of the audit committee of the Board of Directors 董事會審核委員會職權範圍 採納職權範圍 These terms of refer ...

1. 舜宇光学科技全年业绩预期怎么样？ 截至2025年12月18日，根据朝阳永续季度业绩前瞻数据： 预测公司全年一致预期营业收入410.85~439.15亿元，同比增长7.3%~14.7%； 预测公司全年一致预期净利润32.63~38.10亿元，同比增长20.9%~41.2%；预测经调整净利润37.70亿元。 关注后续财报数据披露后能否超预期，朝阳永续港股季度业绩前瞻数据将为投资者提供业绩鉴定。 | 机构间布 | | / 营业收入 | 同比 | 净利润 | | 经调整净利润 同) | | --- | --- | --- | --- | --- | --- | --- | | 卖方预测区间 | | 410.85~439.15 | 7.3%~14.7% | 32.63~38.10 | 20.9%~41.2% | 37.70 | | 平均数 | -- | 427.32 | 11.6% | 36.28 | 34.4% | 37.70 | | 中位数 | -- | 426.22 | 11.3% | 36.74 | 36.1% | 37.70 | | 华兴证券 | 2025-12-18 | 434.59 | 13.5% ...

天眼查显示的信息，舜宇奥来微纳光电信息技术（上海）有限公司于近日发生工商变更。原股东宁波舜 宇奥来技术有限公司退出，歌尔光学科技有限公司成为其新的全资股东。与此同时，公司法定代表人由 叶辽宁变更为饶轶。 本文源自：市场资讯 作者：观察君 公开资料显示，舜宇奥来微纳光电信息技术（上海）有限公司成立于2021年1月，注册资本为1.43亿元 人民币。其经营范围涵盖光学仪器制造、光电子器件制造、电子元器件与机电组件设备制造等领域。 声明：市场有风险，投资需谨慎。本文为AI基于第三方数据生成，仅供参考，不构成个人投资建议。 ...

舜宇光学 20251217 摘要 车载镜头市场增长潜力巨大，预计 2025 年单车平均搭载 4.3 个摄像头， 新能源汽车已超过 10 个。舜宇光学已完成 1,700 万至 1,800 万像素 ADAS 产品研发，技术领先，小型化和自清洁是未来发展方向。预计 2025 年车载镜头和模组营收增长超 20%，下半年环比改善。 XR 领域中，VR 市场需求疲软，但智能眼镜表现良好，尤其受北美大客 户 2025 年 9 月发布四款智能眼镜的推动。未来智能眼镜单副搭载摄像 头数量可能增至 10 个以上，AR 眼镜带显示功能比例也将增加。舜宇光 学在波导片、光机等核心部件已有布局，预计 XR 相关业务营收与去年 持平。 智能手机市场饱和，预计 2025 年出货量持平或低个位数增长。存储涨 价对中低端机型有影响，但高端机型规格持续升级，如潜望式摄像头、 可变光圈等。舜宇光学聚焦高端产品线，预计手机镜头和模组营收增长 5%~10%，ASP 及毛利率均提升，全年 ASP 实现双位数增长。 舜宇光学与歌尔合作集中在波导片领域，双方看好 AR 技术并投入多年。 由于 AR 市场发展缓慢，技术和供应链不成熟，前期投入尚未转化为显 著 ...

Core Viewpoint - The Hong Kong technology stocks experienced a collective decline, with the Hang Seng Technology Index dropping by 2.5% Group 1: Stock Performance - SenseTime (商汤) fell over 6%, closing at 2.000, down by 0.130 [1][2] - Xpeng Motors (小鹏汽车) decreased by 4.88%, with a latest price of 70.150, down by 3.600 [1][2] - Alibaba (阿里巴巴) saw a decline of 3.77%, trading at 143.000, down by 5.600 [1][2] - JD Health (京东健康) dropped by 3.84%, with a price of 55.100, down by 2.200 [1][2] - Semiconductor Manufacturing International Corporation (中芯国际) fell by 3.71%, closing at 62.300, down by 2.400 [1][2] - Tencent Music (腾讯音乐) decreased by 3.37%, with a latest price of 68.750, down by 2.400 [1][2] - Alibaba Health (阿里健康) dropped by 3.07%, trading at 5.060, down by 0.160 [1][2] - Xiaomi (小米) fell by 3.06%, closing at 40.560, down by 1.280 [1][2] - Huahong Semiconductor (华虹半导体) decreased by 3.05%, with a price of 65.250, down by 2.050 [1][2] - Li Auto (理想汽车) saw a decline of 2.82%, trading at 63.750, down by 1.850 [1][2] - NIO (蔚来) fell by 2.60%, closing at 38.220, down by 1.020 [1][2]

Core Viewpoint - The report by Haitao Securities emphasizes the importance of identifying stocks with potential short-term or long-term performance discrepancies or surprises in AI advancements as a core task for 2026 [1] Group 1: Investment Strategy - The main investment strategy is to focus on value investing in the Hang Seng Technology Index, leveraging volatility from the Hong Kong stock market and short-selling mechanisms [1] - The key to successful operations lies in selecting fundamentally strong companies with sustainable development capabilities [1] Group 2: Recommended Stocks for 2026 - Stocks currently at the bottom or adjusting, with a high likelihood of fundamental reversal in 2026: Meituan, Xiaomi Group (planning next vehicle), BYD Electronics [2] - Stocks expected to benefit from EPS gains and potential valuation uplift: Tencent Holdings, Trip.com Group, JD Health, Lenovo Group [2] - Stocks with controllable elasticity: Alibaba, Baidu Group, SMIC, Hua Hong Semiconductor [2] - AI elastic stocks: Kuaishou, Bilibili, Kingdee International, Horizon Robotics, Xpeng Motors, Yueda Group, NetEase, Sunny Optical Technology, UBTECH [2] - Potential small-cap companies: Inspur Digital Enterprise, Xindong Company, Huiliang Technology [2] Group 3: Individual Stock Insights - Kuaishou, Bilibili, Horizon Robotics, Xpeng Motors, Sunny Optical Technology, UBTECH are highlighted as key stocks with positive outlooks [2] - Inspur Digital Enterprise and Huiliang Technology are noted as quality small-cap stocks with promising prospects [2] - Tencent Holdings is identified as a top pick due to its strong research framework [2] - Alibaba is considered a leading asset in AI technology [2] - Lenovo Group is expected to achieve profitability in its server business next year due to accelerated AIPC penetration [2] - Trip.com Group is positioned well for growth driven by domestic stability and overseas acceleration [2] - JD Health is recognized as a leading player in internet healthcare with a clear growth path [2] - Meituan is noted for its resilience and potential turning point in competitive landscape [2] - Kingdee International's growth is constrained by macroeconomic factors, but AI and overseas expansion provide additional elasticity [2] - Xiaomi Group is expected to see improvements as negative factors gradually clear [2] - SMIC is experiencing an increase in advanced manufacturing proportion and continuous technological breakthroughs [2] - Hua Hong Semiconductor is benefiting from growth driven by computing and consumer electronics [2] - Yueda Group focuses on IP as a core asset, with expectations for further expansion and monetization [2] - NetEase is anticipated to enter a new product cycle with upcoming releases [2] - BYD Electronics is expected to see growth from Apple's foldable phone production and has significant potential in the new energy vehicle and data center sectors [2] - Xindong Company is driven by gaming and Taptap, with expectations for the launch of an overseas version [2]

Core Insights - The top three companies with the highest short positions are Vanke Enterprises (02202), ZTE Corporation (00763), and COSCO Shipping Holdings (01919), with short ratios of 20.57%, 17.63%, and 17.59% respectively [1][2] - The company with the largest increase in short positions is ZTE Corporation (00763), which saw an increase of 1.96% in its short ratio [1][2] - The companies with the most significant decrease in short positions include UBTECH Robotics (09880), ASMPT (00522), and Vanke Enterprises (02202), with decreases of -3.30%, -1.86%, and -1.83% respectively [1][3] Top 10 Short Position Ratios - Vanke Enterprises (02202) has a short position of 20.57%, down from 22.40% [2] - ZTE Corporation (00763) has a short position of 17.63%, up from 15.67% [2] - COSCO Shipping Holdings (01919) has a short position of 17.59%, up from 15.00% [2] Largest Increases in Short Positions - ZTE Corporation (00763) increased its short position from 15.67% to 17.63%, an increase of 1.96% [2] - Leap Motor (09863) saw its short position rise from 2.79% to 4.58%, an increase of 1.79% [2] - OSL Group (00863) increased its short position from 4.31% to 5.89%, an increase of 1.59% [2] Largest Decreases in Short Positions - UBTECH Robotics (09880) decreased its short position from 5.07% to 1.78%, a decrease of -3.30% [3] - ASMPT (00522) saw its short position drop from 6.71% to 4.85%, a decrease of -1.86% [3] - Vanke Enterprises (02202) reduced its short position from 22.40% to 20.57%, a decrease of -1.83% [3]