Group 1 - The Hong Kong stock market saw a decline in robotics concept stocks in the afternoon session [1] - DCH Holdings (00179.HK) experienced a drop of 4.77%, trading at 29.52 HKD [1] - Yujiang (02432.HK) fell by 4.09%, with a current price of 36.58 HKD [1] - Sanhua Intelligent Control (02050.HK) decreased by 1.8%, now priced at 39.32 HKD [1]

Group 1 - The core viewpoint of the article indicates that the robotics sector is experiencing a decline, with notable stocks such as 德昌电机控股 (Dechang Electric) down 4.77% to 29.52 HKD, 越疆 (Yuejiang) down 4.09% to 36.58 HKD, and 三花智控 (Sanhua Intelligent Control) down 1.8% to 39.32 HKD [1] - There are rumors regarding 宇树科技 (Yushu Technology) having its listing green channel halted, but investment banking sources clarify that 宇树科技 has not applied for such a channel and is following the standard listing process [1] - 宇树科技 has stated that the reports regarding its listing status are inaccurate and that it has not engaged in any "green channel" application [1] Group 2 - 银河证券 (Galaxy Securities) has released a report predicting that Tesla's third-generation Optimus robot will be launched in 2026, with mass production expected to reach tens of thousands of units next year [1] - The report highlights that the upcoming mass production, pricing, and factory audits are significant events approaching in the industry, emphasizing the importance of the domestic supply chain for Tesla's robots [1] - The recommendation is to actively monitor companies in the supply chain that have been deeply involved in Tesla's robotics and have the capacity for mass production [1]

Group 1 - The core viewpoint of the article indicates a significant decline in robotics concept stocks, with notable drops in companies such as 德昌电机控股 (Dechang Motor Holdings) down 4.77% to 29.52 HKD, 越疆 (Yuejiang) down 4.09% to 36.58 HKD, and 三花智控 (Sanhua Intelligent Control) down 1.8% to 39.32 HKD [1] - There are rumors in the market regarding 宇树科技 (Yuzhu Technology) having its green channel for listing halted, but investment banking sources clarify that 宇树科技 has not applied for such a green channel and is following the standard listing process [1] - 宇树科技 has also stated that the reports regarding its listing status are inaccurate and that it has not engaged in any application related to the "green channel" [1] Group 2 - 银河证券 (Galaxy Securities) has released a report forecasting that Tesla's third-generation Optimus robot is expected to be launched in 2026, with mass production of tens of thousands of units anticipated next year [1] - The report highlights that the production of Tesla's robots is closely tied to domestic supply chains, suggesting that investors should actively monitor companies that have previously engaged with Tesla's robotics and have the capacity for mass production [1]

在港交所上市约一年后，"协作机器人第一股"越疆科技将目光投向了A股市场。 近日，深圳市越疆科技股份有限公司（下称"越疆科技"）发布公告称，公司已决定启动首次公开发行A 股并在深圳证券交易所上市的计划。目前，公司已委聘上市前辅导机构，并向相关监管部门提交了辅导 登记申请。 若此次A股发行顺利，越疆科技将有望形成"A+H"双资本平台布局。不过，在资本动作频频的背后，越 疆科技仍面临着亏损、现金流承压以及高昂的市场推广成本等经营挑战。 制图：陈欣（豆包AI生成） 有业内人士分析指出，在港股流动性相对有限的背景下，回归A股或许是越疆科技为了支撑高强度的研 发投入与市场扩张，寻求更高估值与融资效率的一个选择。 谋求"A+H"布局 押注具身智能 对于此次启动A股上市的原因，越疆科技在公告中表示，旨在推动业务发展、增强整体竞争力，并确保 达成运营目标及长远发展策略。 从最新的财务数据来看，越疆科技的基本面呈现出修复态势。根据2025年中期业绩，公司上半年实现营 收1.53亿元，同比增长27.1%，增速较去年同期的9.6%有回升。 这波增长主要得益于产品结构的多元化。除了核心的六轴协作机器人收入增长46.7%外，公司在商业场 ...

Group 1 - The top three companies with the highest short positions are Vanke Enterprises (02202), Dongfang Electric (01072), and COSCO Shipping Holdings (01919), with short ratios of 18.64%, 17.51%, and 16.68% respectively [1][2] - The company with the largest increase in short positions is Dongfang Electric (01072), which saw an increase of 2.20% from the previous short ratio [1][2] - The companies with the largest decrease in short positions include Sanhua Intelligent Control (02050), Tianqi Lithium (09696), and Yuejiang (02432), with decreases of -1.42%, -0.82%, and -0.71% respectively [1][3] Group 2 - The latest short position data shows that Vanke Enterprises has 411 million shares shorted, while Dongfang Electric has 71.45 million shares, and COSCO Shipping Holdings has 480 million shares shorted [2] - The companies with the largest increases in short positions also include JAKS Resources B (01167) and CSPC Pharmaceutical Group (01093), with increases of 0.77% and 0.56% respectively [2] - The companies with the largest decreases in short positions also include Ganfeng Lithium (01772) and Sunac China (01918), with decreases of -0.68% and -0.55% respectively [3][4]

在港交所上市约一年后，"协作机器人第一股"越疆科技将目光投向了A股市场。 12月29日晚间，深圳市越疆科技股份有限公司（下称"越疆科技"）发布公告称，公司已决定启动首次公开 发行A股并在深圳证券交易所上市的计划。目前，公司已委聘上市前辅导机构，并向相关监管部门提交了 辅导登记申请。 若此次A股发行顺利，越疆科技将有望形成"A+H"双资本平台布局。不过，在资本动作频频的背后，越疆 科技仍面临着亏损、现金流承压以及高昂的市场推广成本等经营挑战。 谋求"A+H"布局，押注具身智能 对于此次启动A股上市的原因，越疆科技在公告中表示，旨在推动业务发展、增强整体竞争力，并确保达 成运营目标及长远发展策略。 从最新的财务数据来看，越疆科技的基本面呈现出修复态势。根据2025年中期业绩，公司上半年实现营收 1.53亿元，同比增长27.1%，增速较去年同期的9.6%有回升。 这波增长主要得益于产品结构的多元化。除了核心的六轴协作机器人收入增长46.7%外，公司在商业场景 的布局开始进入收获期。财报显示，受益于咖啡机器人、理疗机器人等产品的放量，其商业领域收入同比 激增165.5%，成为业绩新亮点。 公开资料显示，越疆科技于20 ...

Core Insights - The top three companies by stockholding ratio in the Hong Kong Stock Connect are China Telecom (71.90%), GCL-Poly Energy (69.96%), and Da Zhong Public Utilities (68.75%) [1][2] - The companies with the largest increase in stockholding over the last five trading days include SMIC (+1.092 billion), China Merchants Bank (+1.052 billion), and Hong Kong Exchanges and Clearing (+790 million) [1][2] - The companies with the largest decrease in stockholding over the last five trading days include China Mobile (-3.216 billion), Tencent Holdings (-1.107 billion), and the Tracker Fund of Hong Kong (-465 million) [1][2] Stockholding Ratios - China Telecom (00728) holds 99.79 million shares with a stockholding ratio of 71.90% [2] - GCL-Poly Energy (01330) holds 28.3 million shares with a stockholding ratio of 69.96% [2] - Da Zhong Public Utilities (01635) holds 36.7 million shares with a stockholding ratio of 68.75% [2] - Other notable companies in the top 20 include China Shenhua (66.39%) and China Merchants Energy (64.43%) [2] Recent Trading Activity - The top three companies with increased holdings in the last five trading days are: - SMIC (00981): +1.092 billion, +15.28 million shares [2][3] - China Merchants Bank (03968): +1.052 billion, +19.92 million shares [2][3] - Hong Kong Exchanges and Clearing (00388): +790 million, +1.93 million shares [2][3] - The top three companies with decreased holdings in the last five trading days are: - China Mobile (00941): -3.216 billion, -39.36 million shares [2][3] - Tencent Holdings (00700): -1.107 billion, -1.84 million shares [2][3] - Tracker Fund of Hong Kong (02800): -465 million, -18.01 million shares [2][3]

Group 1 - The company, Yuejiang, announced plans for an initial public offering (IPO) of RMB ordinary shares and listing on the Shenzhen Stock Exchange, aiming to enhance business development and competitiveness by December 29, 2025 [1] - The company has appointed a pre-listing advisory institution and submitted a registration application for pre-listing guidance regarding the A-share listing [1] - China Galaxy Securities highlighted that Yuejiang is continuously iterating on embodied data collection, domain models, learning-based operation control, and core hardware, which supports the deployment of embodied intelligent products [1] Group 2 - Yuejiang has established a strong customer base in industrial manufacturing and is achieving substantial progress in commercializing intelligent services across multiple scenarios [1] - The company has released humanoid bipedal/wheeled robots and multi-legged robotic dogs, becoming one of the first domestic companies to enter mass production of humanoid robots [1] - Yuejiang has secured significant procurement orders, including 1,000 units from Lansi Technology and a strategic collaboration with Green Source Group for the deployment of 5,000 robotic dogs [1]

Group 1 - The core viewpoint of the article highlights that Yuejiang (02432) has seen a stock price increase of over 25% in the past five trading days, with a current price of 39.76 HKD and a trading volume of 245 million HKD [1] - The company announced plans to initiate an initial public offering (IPO) of RMB ordinary shares and list on the Shenzhen Stock Exchange by December 29, 2025, to enhance business development and competitiveness [1] - The board has approved the commencement of work related to the proposed A-share listing, having engaged a pre-listing advisory firm and submitted a registration application for pre-listing guidance [1] Group 2 - China Galaxy Securities noted that Yuejiang is continuously iterating in areas such as embodied data collection, domain-specific models, learning-based operational control, and core hardware [1] - The company has a strong customer base in industrial manufacturing and is achieving multi-scenario intelligent services in the commercial sector, facilitating the deployment of embodied intelligent products [1] - Yuejiang has released humanoid bipedal/wheeled robots and multi-legged robotic dogs, becoming one of the first companies in China to enter the mass production phase of humanoid robots, securing significant procurement orders from clients like Lens Technology for 1,000 units and a strategic collaboration with Green Source Group for the deployment of 5,000 robotic dogs [1]

转自：新华财经 12月10日，百奥赛图正式登陆科创板，继2022年在港交所上市后，百奥赛图正式迈入"A+H"双上市通 道。除此以外，今年4月在港交所上市的映恩生物，于11月完成科创板上市辅导备案，正式启动回A进 程；全球最大垃圾发电投资运营商光大环境今年11月公告拟发行不超过8亿股，计划登陆深交所，公司 已经于12月25日正式启动上市辅导。 编辑：谈瑞 MACD金叉信号形成，这些股涨势不错！ 新华财经上海12月31日电（林郑宏） 中国证监会网站披露，深圳市越疆科技股份有限公司（简称"越疆 科技"）于2025年12月30日在深圳证监局办理辅导备案登记，拟首次公开发行股票并上市，辅导券商为 国泰海通证券。 越疆科技已于2024年12月23日在港股上市（越疆，02432.HK）。公司于2025年12月29日在港交所公 告，为推动业务发展、增强整体竞争力，并确保达成运营目标及长远发展策略，越疆科技已决定启动首 次公开发行人民币普通股及于深圳证券交易所上市计划。董事会已议决和批准开始有关建议A股上市的 相关工作。 公开资料显示，越疆科技成立于2015年，由山东大学毕业研究生刘培超创立，专门从事协作式机器人开 发、制造及 ...