未平仓空仓比减少最大的10只股票 前10大未平仓空仓比 | 股票名称 | 前次空仓数 | 本次空仓数 | 最新空仓比↓ | | --- | --- | --- | --- | | 万科企业(02202) | 4.33 亿股 | 4.94 亿股 | 22.40% | | 中远海控(01919) | 4.75 亿股 | 4.88 亿股 | 16.93% | | 中兴通讯(00763) | 1.19 亿股 | 1.18 亿股 | 15.67% | | 恒瑞医药(01276) | 4223.83 万股 | 4039.41 万股 | 15.64% | | 中国平安(02318) | 10.24 亿股 | 9.94 亿股 | 13.35% | | 东方电气(01072) | 4756.82 万股 | 5309.73 万股 | 13.01% | | 紫金矿业(02899) | 6.74 亿股 | 6.65 亿股 | 11.10% | | 哔哩哔哩-W(09626) | 4086.86 万股 | 4355.12 万股 | 10.53% | | 锦欣生殖(01951) | 2.85 亿股 | 2.77 亿股 | 10.11% ...

瑞银证券指出，机器人2026年量产的积极信号正在逐步显现。特斯拉、越疆等人形机器人企业的产能规 划逐步落地，中国厂商订单持续增长，欧洲投资者兴趣明显升温。具身智能订单落地与应用场景扩展正 在为行业注入新的活力。 本文源自：智通财经网 智通财经获悉，机器人概念今早再度上扬，截至发稿，越疆(02432)涨4.69%，报41.1港元；三花智控 (02050)涨3.6%，报36.22港元；优必选(09880)涨2.56%，报116.2港元；金力永磁(06680)涨2.49%，报 19.36港元。 消息面上，据报道，特朗普政府将目光投向了机器人产业，据知情人透露，政府正考虑明年发布一项关 于机器人技术的行政命令。值得一提的是，近期海内外机器人赛道催化不断。继特斯拉发布"擎天柱"跑 步视频后，Figure创始人布雷特·阿德科克也晒出了F.03人形机器人的跑步姿态。此外，国内优必选等人 形机器人制造商收到大金额新订单。 ...

瑞银证券指出，机器人2026年量产的积极信号正在逐步显现。特斯拉、越疆等人形机器人企业的产能规 划逐步落地，中国厂商订单持续增长，欧洲投资者兴趣明显升温。具身智能订单落地与应用场景扩展正 在为行业注入新的活力。 机器人概念今早再度上扬，截至发稿，越疆(02432)涨4.69%，报41.1港元；三花智控（002050）(02050) 涨3.6%，报36.22港元；优必选(09880)涨2.56%，报116.2港元；金力永磁（300748）(06680)涨2.49%， 报19.36港元。 消息面上，据报道，特朗普政府将目光投向了机器人产业，据知情人透露，政府正考虑明年发布一项关 于机器人技术的行政命令。值得一提的是，近期海内外机器人赛道催化不断。继特斯拉发布"擎天柱"跑 步视频后，Figure创始人布雷特.阿德科克也晒出了F.03人形机器人的跑步姿态。此外，国内优必选等人 形机器人制造商收到大金额新订单。 ...

Core Viewpoint - The robotics sector is experiencing a resurgence, driven by potential government initiatives and increasing orders from manufacturers, leading to significant stock price increases for key companies in the industry [1] Group 1: Market Performance - Companies such as 越疆 (Up 4.69% to 41.1 HKD), 三花智控 (Up 3.6% to 36.22 HKD), 优必选 (Up 2.56% to 116.2 HKD), and 金力永磁 (Up 2.49% to 19.36 HKD) have seen notable stock price increases [1] Group 2: Government and Industry Developments - The Trump administration is reportedly considering an executive order related to robotics technology for the upcoming year, indicating a governmental focus on the robotics industry [1] - Recent advancements in the robotics field include Tesla's release of a video showcasing its "Optimus" robot, and Figure's founder sharing footage of the F.03 humanoid robot running [1] Group 3: Industry Outlook - UBS Securities highlights that positive signals for mass production in robotics are becoming evident, with companies like Tesla and 越疆 progressing in their production capacity plans [1] - There is a continuous increase in orders for Chinese manufacturers, and European investor interest in the robotics sector is notably rising [1] - The expansion of application scenarios and the realization of embodied intelligence orders are injecting new vitality into the industry [1]

Core Insights - On December 4, 2023, Sanhua Intelligent Control made its debut on the Hong Kong Stock Connect active trading list for the first time in a month, with a trading volume of 0.853 billion HKD and a net sell of 0.057 billion HKD, closing up by 7.70% [1] Trading Activity Summary - The total trading volume of active stocks on the Hong Kong Stock Connect on December 4 was 28.218 billion HKD, accounting for 37.28% of the day's total trading amount, with a net buying amount of 1.402 billion HKD [1] - Alibaba-W led the trading volume with 5.318 billion HKD, followed by Tencent Holdings and Xiaomi Group-W with trading amounts of 5.271 billion HKD and 4.995 billion HKD, respectively [1] - The most frequently listed stocks in the past month were Alibaba-W and Tencent Holdings, each appearing 22 times, indicating strong interest from Hong Kong Stock Connect investors [1] Individual Stock Performance - Sanhua Intelligent Control's trading details on December 4 included a trading volume of 0.853 billion HKD, a net sell of 0.057 billion HKD, and a closing price of 34.960 HKD, reflecting a daily increase of 7.70% [1] - Other notable stocks included: - Tencent Holdings: Trading volume of 5.271 billion HKD, net sell of 1.346 billion HKD, closing price of 612.000 HKD, daily increase of 0.16% [1] - Xiaomi Group-W: Trading volume of 4.995 billion HKD, net buy of 0.232 billion HKD, closing price of 41.980 HKD, daily increase of 4.38% [1] - Alibaba-W: Trading volume of 5.318 billion HKD, net sell of 0.010 billion HKD, closing price of 154.400 HKD, daily increase of 0.52% [1]

| 代码 | 简称 | 类型 | 成交金额（万港元） | 成交净买入（万港元） | 日涨跌幅（%） | | --- | --- | --- | --- | --- | --- | | 00700 | 腾讯控股 | 港股通(沪) | 374986.05 | -191891.76 | 0.16 | | 09988 | 阿里巴巴-W | 港股通(沪) | 293887.56 | -7044.09 | 0.52 | | 01810 | 小米集团-W | 港股通(沪) | 267845.52 | -56223.37 | 4.38 | | 09988 | 阿里巴巴-W | 港股通(深) | 237941.00 | 6927.01 | 0.52 | | 02800 | 盈富基金 | 港股通(沪) | 234181.00 | 210707.54 | 0.77 | | 01810 | 小米集团-W | 港股通(深) | 231648.00 | 79393.56 | 4.38 | | 00981 | 中芯国际 | 港股通(沪) | 154028.63 | -37892.44 | 3.87 | | 00700 | 腾讯控股 | 港 ...

12月4日恒生指数上涨0.68%，南向资金全天合计成交金额为756.88亿港元，其中，买入成交385.84亿港 元，卖出成交371.04亿港元，合计净买入金额14.80亿港元。具体来看，港股通（深）累计成交金额 293.41亿港元，买入成交159.11亿港元，卖出成交134.30亿港元，合计净买入金额24.81亿港元；港股通 （沪）累计成交金额463.47亿港元，买入成交226.73亿港元，卖出成交236.74亿港元，合计净卖出金额 10.00亿港元。 12月4日南向资金成交活跃股 | 代码 | 简称 | 成交金额（万港元） | 成交净买入（万港元） | 今日涨跌幅（%） | | --- | --- | --- | --- | --- | | 02800 | 盈富基金 | 284623.16 | 260585.86 | 0.77 | | 02269 | 药明生物 | 51978.36 | 31558.31 | 7.09 | | 01810 | 小米集团-W | 499493.94 | 23169.32 | 4.38 | | 09868 | 小鹏汽车-W | 73564.27 | 10257.11 | 1.06 ...

Core Insights - On December 4, 2025, Tencent Holdings (00700), Alibaba-W (09988), and Xiaomi Group-W (01810) were the top three companies by trading volume in the southbound trading of the Stock Connect, with trading amounts of 3.75 billion, 2.939 billion, and 2.678 billion respectively [1] - In the southbound trading of the Shenzhen-Hong Kong Stock Connect, Alibaba-W (09988), Xiaomi Group-W (01810), and Tencent Holdings (00700) also ranked as the top three, with trading amounts of 2.379 billion, 2.316 billion, and 1.521 billion respectively [1] Southbound Trading Highlights - **Top Active Companies in Southbound Trading (Hong Kong Stock Connect)** - Tencent Holdings (00700): Trading amount of 3.75 billion, net buy of -1.919 billion - Alibaba-W (09988): Trading amount of 2.939 billion, net buy of -70.44 million - Xiaomi Group-W (01810): Trading amount of 2.678 billion, net buy of -562 million - Other notable companies include Yingfu Fund (02800) with a trading amount of 2.342 billion and a net buy of 2.107 billion [2] - **Top Active Companies in Southbound Trading (Shenzhen-Hong Kong Stock Connect)** - Alibaba-W (09988): Trading amount of 2.379 billion, net buy of 69.27 million - Xiaomi Group-W (01810): Trading amount of 2.316 billion, net buy of 794 million - Tencent Holdings (00700): Trading amount of 1.521 billion, net buy of 573 million - Other notable companies include SMIC (00981) with a trading amount of 1.07 billion and a net buy of -79.37 million [2]

Summary of Key Points Core Viewpoint - The Hong Kong stock market experienced significant net inflows from northbound trading, with a total net buy of 14.8 billion HKD on December 4, 2023, indicating strong investor interest in certain stocks while others faced net selling pressure [1]. Group 1: Stock Performance - The top net bought stocks included 盈富基金 (02800) with a net buy of 26.05 billion HKD, 药明生物 (02269) with a net buy of 3.15 billion HKD, and 小米集团-W (01810) with a net buy of 2.31 billion HKD [4][5]. - The stocks with the highest net selling included 腾讯 (00700) with a net sell of 13.45 billion HKD, 中芯国际 (00981) with a net sell of 4.58 billion HKD, and 三花智控 (02050) with a net sell of 5657.75 million HKD [5][6]. Group 2: Market Insights - 中金公司 suggests that the upcoming US-China meetings may support risk assets, recommending an overweight position in Chinese stocks ahead of the meetings [4]. - 浦银国际 expresses optimism for the CXO sector by 2026, citing potential growth in overseas biopharmaceutical financing due to anticipated interest rate cuts [4]. - The semiconductor industry shows divergence, with 华虹半导体 (01347) receiving a net buy of 5363 million HKD, while 中芯国际 (00981) faced significant net selling [5]. Group 3: Company Developments - 小米集团's president announced significant investments in AI, indicating progress beyond expectations in AI models and applications [5]. - 优必选 (09880) signed a strategic cooperation agreement with 卓世科技, aiming for the deployment of 10,000 robots over the next five years [6]. - 中海油 (00883) reported the production commencement of a new oil field project, expecting peak production of approximately 16,900 barrels of oil equivalent per day by 2026 [5].

Core Viewpoint - UBTECH Robotics, known as the "first humanoid robot stock," has completed a placement financing of HKD 31.09 billion, with approximately 75% of the funds earmarked for mergers and acquisitions in the humanoid robot industry, signaling a strategic shift towards aggressive external expansion [1][3]. Financing and Fund Utilization - Since its IPO, UBTECH has conducted six rounds of equity financing, raising a total of HKD 85 billion, primarily for daily operations and repayment of loans [2]. - The latest financing round marks a significant increase in the amount raised, from an initial HKD 1.3 billion to HKD 31 billion, indicating a shift in fundraising strategy from operational support to industry expansion [3]. Financial Performance - UBTECH has not demonstrated self-sustaining cash flow capabilities, with negative operating and investment cash flows since 2020, relying heavily on fundraising for daily operations [3]. - Cumulative losses from 2020 to mid-2025 are approximately HKD 5.4 billion, with sales and management expense ratios consistently between 70% and 80%, significantly higher than comparable companies [3]. Strategic Shift - The company is transitioning from relying on organic growth to pursuing aggressive mergers and acquisitions to control key resources in the supply chain, including upstream components and downstream application channels [4]. - This strategy reflects a broader industry trend where competition is shifting from technological prowess to the ability to integrate and optimize the supply chain [4]. Challenges and Risks - Frequent equity financing has led to significant dilution of minority shareholders' rights, and the lack of identified acquisition targets poses a risk of misvaluation and poor fit [5]. - The scarcity of quality acquisition targets in the early-stage intelligent robotics industry, coupled with high valuations, presents a challenge for UBTECH to secure core assets at reasonable prices [5]. Market Focus - Market attention has shifted from how much UBTECH has raised to how effectively it will utilize these funds to secure key component companies and core application scenarios, which will determine its position as a "chain master" in the industry [6].