智通财经APP获悉，小鹏汽车-W(09868)再跌超4%，截至发稿，跌3.49%，报76港元，成交额5.98亿港 元。 数据显示，自2025年1月至11月，小鹏汽车的累计交付量达到391,937辆，同比增长156%。 2025年1月至 11月，小鹏汽车的海外交付量达到39773辆，同比增长95%。 消息面上，12月1日，小鹏汽车公布其11月销量为36728辆，同比增长19%，环比上月却下滑了12%，这 是小鹏汽车近六个月来首次的单月环比下滑，也未能达成何小鹏此前给出"自9月起月交付稳健超过4万 辆"的目标。 ...

数据显示，自2025年1月至11月，小鹏汽车的累计交付量达到391,937辆，同比增长156%。2025年1月至 11月，小鹏汽车的海外交付量达到39773辆，同比增长95%。 消息面上，12月1日，小鹏汽车公布其11月销量为36728辆，同比增长19%，环比上月却下滑了12%，这 是小鹏汽车近六个月来首次的单月环比下滑，也未能达成何小鹏此前给出"自9月起月交付稳健超过4万 辆"的目标。 小鹏汽车-W(09868)再跌超4%，截至发稿，跌3.49%，报76港元，成交额5.98亿港元。 ...

Market Performance - A-share indices showed mixed performance, with the Shanghai Composite Index down 0.2% and the ChiNext Index up 0.25% [1] - The Hang Seng Index opened lower and fell by 0.44%, while the Hang Seng Tech Index dropped over 1% [1][6] - Major tech stocks like Tencent, Alibaba, and JD.com experienced minor declines, with losses under 0.8% [1] - NIO and XPeng Motors continued to decline, with drops exceeding 4% [1][6] Sector Performance - The shipbuilding sector, liquid-cooled servers, AI smartphones, photolithography machines, and 6G concept stocks weakened [1] - The lithium battery supply chain showed strength, indicating potential investment opportunities [1] - Nuclear power stocks, building materials, cement, and new consumption concept stocks mostly rose [1] Commodity and Bond Market - Commodity futures opened mostly lower, with coking coal down 1.60%, low-sulfur fuel oil down 1.35%, and industrial silicon down 1.10% [1][7] - Silver futures rose by 1.62%, and the shipping index (European line) increased by 0.73% [1] - Government bond futures mostly increased, with the 30-year main contract up 0.07% and the 10-year main contract up 0.05% [1][2] New Listings - New stock Jin Yan Gao Ling New Materials opened over 27% higher, indicating strong market interest [1]

Group 1 - The Hang Seng Index opened down 0.44%, and the Hang Seng Tech Index fell by 0.51%. The new energy vehicle sector continued its downward trend, with Xpeng Motors (09868) dropping by 2.6%. Meanwhile, the new Hong Kong stock LeMo Technology opened up 62%, trading at HKD 64.8, compared to its issue price of HKD 40 [1] - According to CMB International, domestic demand policies are being promoted, and the market is focusing on the "New Year Opening" expectations. After a consolidation phase in November, the Hong Kong stock market is expected to welcome a layout window for the year-end rally in December. Attention is shifting from external environments to internal policies, particularly the Central Economic Work Conference scheduled for mid-December, which is expected to further detail the "14th Five-Year Plan" and set the fiscal tone for 2026 [1] - China Galaxy stated that as the year-end approaches, market risk appetite is becoming cautious, and the Hong Kong stock market may continue its volatile trend. Suggested sectors to watch include: (1) cyclical stocks that may continue to rebound due to changes in supply-demand dynamics and rising downstream commodity prices; (2) defensive dividend stocks as market risk appetite declines; (3) the positive development of China-U.S. trade relations, which is beneficial for overseas sectors in the medium to long term [1] Group 2 - GF Securities noted that historical data shows the Hong Kong Stock Connect High Dividend Total Return Index is about to enter a period (from December to mid-January) where calendar effects are most significant. The probability of achieving absolute and excess returns during this period is relatively high, and the performance of returns is expected to be considerable. In the current market environment, focusing on the allocation opportunities in the Hong Kong Stock Connect high dividend sector may become an effective strategy for investors to enhance year-end and early-year returns [1][2]

Group 1 - The founder of Aibison, Ding Yanhui, expressed dissatisfaction with the chairman's salary of 4.3556 million yuan, which represents a 51% increase from the previous year's salary of 2.8845 million yuan, leading to a unique dissenting vote during the board election [5][6] - Aibison clarified that the dissenting vote was due to dissatisfaction with the company's incentive mechanism rather than the salary itself, indicating a need for reform in governance and profit distribution [6] Group 2 - OPPO's Chief Product Officer, Liu Zuohua, is personally leading the Pocket project, indicating the company's strong commitment to the handheld imaging market, which has seen significant growth [8][9] - The global sales of DJI's Pocket camera have reached approximately 10 million units, with expected revenue from handheld products surpassing 50 billion yuan this year [8] Group 3 - Xiaomi has exceeded its annual car sales target of 350,000 units, with total deliveries surpassing 500,000 units since April 3, 2024, and November deliveries consistently exceeding 40,000 units [14][15] - The CEO of Zhiyu, Zhang Peng, announced that the company's annual recurring revenue from model sales has exceeded 100 million yuan, positioning it as a leading player in the Chinese AI sector [17][18] Group 4 - The automotive market in November saw BYD leading with 480,186 units sold, a month-on-month increase of 8.71%, while other brands like NIO and Xpeng experienced significant declines in sales [26][28] - The competition in the new energy vehicle market is intensifying, with BYD maintaining a strong lead while other brands show signs of fatigue in growth [28] Group 5 - Apple is undergoing a leadership restructuring in its AI division, with John Giannandrea stepping down and Amar Subramanya taking over, aiming to accelerate the development of personalized AI features [40] - OpenAI has entered a "red alert" status, focusing resources on improving ChatGPT's user experience in response to competitive pressures from companies like Google [42][43]

同期，包括电动汽车和燃油车在内的中国汽车在以色列的总销量为96208辆，继续位居所有出口国之 首，韩国汽车和日本汽车分列第二和第三位。 近年来，随着中国车企不断提升在智能化、续航能力和性价比等方面的竞争力，中国品牌汽车在以色列 市场的份额持续扩大。 新华财经耶路撒冷12月2日电（记者路一凡 王卓伦）以色列汽车进口商协会2日发布的数据显示，今年 前11个月，中国品牌电动汽车销量领跑以色列市场，中国依然是以色列最大汽车供应国。 数据显示，今年1月至11月，中国汽车品牌在以色列共售出44752辆电动汽车。比亚迪、奇瑞和小鹏等品 牌位居电动汽车销量榜前列。 数据显示，今年1月至11月，中国汽车品牌在以色列共售出44752辆电动汽车，中国品牌电动汽车销量领 跑以色列市场。 ...

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].

周二热门中概股收盘多数下跌，纳斯达克中国金龙指数跌0.65%。亚朵集团涨超5%，老虎证券涨超 1%，理想、京东、搜狐小幅收涨。小鹏汽车跌近8%，爱奇艺跌超3%，蔚来、万国数据、哔哩哔哩、金 山云跌超2%，阿里巴巴、网易、中通跌超1%，百度小幅收跌。 来源：滚动播报 ...

Group 1 - The Nasdaq China Golden Dragon Index fell by 0.65% on December 3rd, indicating a downward trend in popular Chinese concept stocks [1] - Notable gainers included Atour, which rose over 5%, and Tiger Securities, which increased by over 2% [1] - Significant decliners included XPeng Motors, which dropped over 7%, and iQIYI, which fell over 3%, along with NIO, Global Data, and Bilibili, each declining over 2% [1] Group 2 - Alibaba, NetEase, and ZTO Express each experienced a decline of over 1% [1]

Core Viewpoint - The domestic automotive industry is experiencing a "two extremes" situation in November, with some leading companies showing a decline in sales while others report significant growth [2]. Group 1: Sales Performance - BYD's November sales reached 480,186 units, a year-on-year decrease of 5.25%, with domestic sales down by 26.81% [3][4]. - SAIC Group and Geely's new energy vehicle sales in November were 209,401 units and 187,798 units, respectively, showing year-on-year growth of 19.75% and 53.36% [3][4]. - Geely's high-end new energy vehicle brand, Galaxy, achieved sales of 132,700 units, a remarkable year-on-year increase of 76% [3]. - New car manufacturers like Leap Motor, Xiaomi Auto, and Xpeng Auto have completed their annual delivery targets ahead of schedule, with Xpeng achieving a 100% year-on-year growth, totaling 380,200 units [3]. - Lantu and Avita, state-owned new energy vehicle companies, reported record monthly sales of 20,005 units and 14,057 units, reflecting year-on-year growth of 84.28% and 25.29% respectively [3][4]. Group 2: Market Trends - The overall sales performance in November 2025 is weaker compared to November 2024, indicating potential short-term disruptions due to various factors [3]. - The implementation of the new energy vehicle purchase tax subsidy reduction starting January 1, 2026, is prompting companies to accelerate sales efforts by the end of 2025 [3].