在经历了数年的调整后，以白酒、乳业为代表的消费股被多名基金经理视作震荡市中的"防御选择"，而新消费 则面临高景气度与高估值并存的现象，需要寻找有护城河的投资标的。此外，出海也是基金经理关注的要点， 尤其是业务聚焦欧美市场或将成股价的驱动因素。 消费板块年末"冲刺" 在一系列旨在扩大内需、提振消费的政策举措陆续出台后，过去的一周里，消费、零售股迎来了久违的反弹， 如百大集团单周涨幅高达51.59%，欢乐家涨超40%，还有庄园牧场、上海九百等涨逾30%。 "慢牛"的风，终于吹到了消费股。 在科技股集体到达短期高位后，此前缺席的消费板块也迎来补涨行情。但值得一提的是，本轮异动的多只个股 中，罕有公募基金的重仓身影，而被公募集中持有的白酒股依旧难有起色。 其中，百大集团股价创10年来新高；利群股份4日3涨停，上海九百连续2日涨停，中央商场、永辉超市、茂业 商业等最近几个交易日里也多次涨停。 基金方面，上周多只消费主题ETF获得了资金的净申购。嘉实中证主要消费ETF单周份额增幅高达2.68亿份， 汇添富中证主要消费ETF和富国中证消费50ETF份额增超1亿份，此外平安基金、招商基金和易方达基金旗下 多只产品份额增超千万 ...

（原标题：春节倒计时 大消费起舞年味渐浓） 本周，A股探底回升，上证指数、上证50周线微幅飘红，深证成指、科创50、北证50等周线微幅飘绿， 周成交减少至8.8万亿元。 机构：跨年攻势已开始 杠杆资金本周小幅净卖出逾11亿元，其中基础化工行业被融资净卖出逾19亿元，有色金属行业、食品饮 料行业也被净卖出逾10亿元，传媒、银行、交通运输等行业亦被净卖出超亿元；电子行业获得逾28亿元 融资净买入，国防军工行业获得逾18亿元净买入，非银金融行业获得逾12亿元净买入，商贸零售、机械 设备、建筑材料、公用事业等行业也获得超亿元净买入。 免税概念、网红经济、新零售、供销社等相关板块也均强势上攻，顺灏股份16日8涨停，南京商旅10日5 涨停，九牧王6日4涨停，美凯龙、皮阿诺等亦多次涨停。 消息面上，近日，商务部办公厅、财政部办公厅印发《关于做好消费新业态新模式新场景试点有关工作 的通知》，在北京等50个城市开展消费新业态、新模式、新场景试点。 农业农村部也部署开展2026年元旦、春节"品特产 寻年味"消费促进活动，要求各地进一步落实《促进 农产品消费实施方案》，抓住"两节"消费旺季，谋划出台促消费务实举措，推动供需精准适配 ...

盘面上，市场呈现普涨态势，近4500只个股上涨。海南板块午后拉升，海南海药、海汽集团封上涨停； 大消费板块全天活跃，零售、乳业、免税等多个方向涨幅居前，庄园牧场3连板、上海九百2连板；商业 航天概念反复活跃，华体科技、西部材料均收获2连板；多只高位股尾盘炸板，平潭发展、东百集团跳 水翻绿。 大消费板块延续强势 昨日，大消费板块持续走高，零售、乳业等方向领涨。截至收盘，庄园牧场收获3连板，合百集团、西 王食品、上海九百等多股涨停。 消息面上，据商务部12月19日消息，11月，社会消费品零售总额4.39万亿元，同比（下同）增长1.3%。 1至11月，社会消费品零售总额45.6万亿元，增长4.0%，累计增速快于去年同期0.5个百分点。 此外，商务部办公厅、财政部办公厅近日印发《关于做好消费新业态新模式新场景试点有关工作的通 知》，在北京等50个城市开展消费新业态新模式新场景试点。 顾客在海口国际免税城购物 ◎记者 李雨琪 12月19日，A股三大指数震荡反弹，沪指三连阳盘中重回3900点，深证成指、创业板指一度涨超1%。 截至收盘，上证指数报3890.45点，涨0.36%；深证成指报13140.21点，涨0.66%； ...

证券代码：600838 证券简称：上海九百 编号：临 2025-035 上海九百股份有限公司股票交易异常波动公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、 误导性陈述或者重大遗漏，并对其内容的真实性、准确性和完整性 承担法律责任。 重要内容提示： ●上海九百股份有限公司（以下简称"公司"）股票于 2025 年 12 月 17 日、12 月 18 日、12 月 19 日连续 3 个交易日内 日收盘价格涨幅偏离值累积超过 20%，根据《上海证券交易所交易 规则》的有关规定，属于股票交易异常波动。 ●截至 2025 年 12 月 19 日收盘，公司股票静态市盈率为 105.77，滚动市盈率为 117.3，根据中证指数有限公司网站发布的 数据，公司所属的证监会行业分类之零售业最新(截至 2025 年 12 月 18 日)静态市盈率为 28.55，滚动市盈率为 28.31，公司相关指 标明显高于同行业水平。 ●经公司自查并向控股股东上海九百（集团）有限公司发函核 实，截止本公告披露日，公司及控股股东、实际控制人不存在涉及 本公司的应披露而未披露的重大信息。 ●近期公司股票价格波动幅度较大，敬请广大投资者 ...

关于上海九百股份有限公司 《问询函》的回函 你司于 2025年12月19日送达的《问询函》已收悉,作 为控股股东现就你司问询的有关事项作出如下说明: 特此说明。 上海九百股份有限公司: 上海九百(集团)有 2025 年 12 月 10 1、截止目前,不存在涉及你司的应披露而未披露的重大 事项,包括但不限于重大资产重组、股份发行、重大交易类 事项、业务重组、股份回购、股权激励、破产重整、重大业 务合作、引进战略投资者等重大事项。 2、经我司向上海市静安区国有资产监督管理委员会问 询,也不存在应披露而未披露的重大事项。 3、在你司股票交易异常波动期间(即2025年12月17 日、12月18日、12月19日）没有买卖你司股票的情形发 生。 ...

上海九百公告，公司股票于2025年12月17日、12月18日、12月19日连续3个交易日内日收盘价格涨幅偏 离值累积超过20%，属于股票交易异常波动。经公司自查并向控股股东上海九百（集团）有限公司发函 核实，截至本公告披露日，公司及控股股东、实际控制人不存在涉及本公司的应披露而未披露的重大信 息。经公司核实，在公司股票交易异常波动期间，公司控股股东与公司董事、高级管理人员没有买卖公 司股票的情况发生。 ...

12月19日，沪指震荡回升，创业板指冲高回落，截至收盘，沪指涨0.36%，报3890.45点，深成指涨0.66%，报13140.21点，创业板指涨0.49%，报3122.24 点，科创50指数涨0.2%，报1308.59点。沪深两市合计成交额17259.15亿元。盘面上，市场热点快速轮动，全市场近4500只个股上涨。 三、涨跌家数 四、涨停揭秘 | | | 金融界股灵通复盘 (12.19) | | | --- | --- | --- | --- | | 代码 | 简称 | 最终封板 几天几板 | 原因 | | | | 消费 | | | 002910 | 庄园牧场 | 10:26 | 3 乳制品 | | ୧୦.୮୧୧୧ | 九牧王 | 9:32 2/6天4板 | 男裤(福建) | | 600838 | 上海九百 | 9:57 | 2 潮奢高端商业 | | 000863 | 三湘印象 | 14:47 | 2 文旅消费 | | 000523 | 红棉股份 | 10:03 | 2 食品饮料 | | 002501 | 利源股份 | 10:24 | 1 实控人参股巨星传奇 | | 605003 | 众望布艺 | 10:2 ...

Group 1 - The core driver of the recent surge in the A-share consumer sector is the continuous release of supportive policy signals aimed at boosting domestic consumption [1][2] - The Ministry of Commerce and the Ministry of Finance have jointly issued a notice to implement "three new" pilot projects in 50 cities, emphasizing the importance of reform and innovation to stimulate market vitality [1][2] - The recent policy initiatives align with the central economic work conference's focus on expanding domestic demand and implementing actions to boost consumption [2] Group 2 - Analysts believe that the policy support for the consumer sector is likely to be sustained and may exceed expectations, with a focus on supply and demand policies by 2026 [4] - Specific sectors such as e-commerce integrated with AI, travel industry chains benefiting from policy stimulus, and new retail sectors advancing digital reforms are highlighted as promising investment opportunities [4][5] - The recent collective surge in the consumer sector is seen as a positive market response to the implementation of these policies, indicating a potential deep-seated change driven by policy guidance, technological advancement, and innovative business models [5]

Core Viewpoint - The consumer sector in A-shares has experienced a significant rally, driven by favorable policies and market sentiment, with over 10 stocks hitting the daily limit up on December 19 [1][2]. Policy Support - The Ministry of Commerce and the Ministry of Finance have issued a notice to implement pilot programs for new consumption formats in 50 cities, aiming to boost consumption and enhance the supply of quality goods and services [2][3]. - The central economic work conference emphasized the importance of expanding domestic demand and implementing actions to stimulate consumption, including a plan for increasing residents' income and optimizing consumption policies [4][5]. Investment Opportunities - Analysts predict that the consumer sector will see significant policy support through 2026, with potential for unexpected growth in both supply and demand [5]. - The focus on new consumption areas is expected to shift towards sustainable business models and profitability, with trends in health, practicality, and emotional consumption emerging [5][6]. - Investment opportunities are identified in sectors such as e-commerce, instant retail, travel, and health-focused food products, which are likely to benefit from ongoing policy support and economic recovery [6].

Core Viewpoint - The market experienced a rebound with the Shanghai Composite Index rising by 0.36%, the Shenzhen Component Index increasing by 0.66%, and the ChiNext Index up by 0.49%. The trading volume in the Shanghai and Shenzhen markets reached 1.73 trillion, an increase of 704 billion compared to the previous trading day. [1] Market Performance - The market saw rapid rotation of hotspots, with nearly 4,500 stocks rising, although some high-position stocks like Dongbai Group and Pingtan Development faced significant declines towards the end of the trading session. [1] - The Hainan sector surged in the afternoon, with stocks like Hainan Haiyao and Hainan Qiche Group hitting the daily limit. [1][2] - The consumer sector remained strong throughout the day, particularly in retail and dairy, with stocks such as Shanghai Jiubai and Zhuangyuan Pastoral reaching the daily limit. [1][2] Sector Analysis - The Hainan sector is benefiting from the implementation of the Hainan Free Trade Port's full island closure operation, which is expected to attract new industries and increase consumer traffic, providing growth opportunities for businesses in the region. [2] - The consumer sector is supported by recent national policies aimed at expanding domestic demand, which are expected to accelerate the transformation and upgrading of the retail industry. [2] - The smart driving concept stocks saw renewed strength, with companies like Zhejiang Shibao and Luchang Technology hitting the daily limit, following the announcement of the first batch of L3-level conditional autonomous driving vehicle permits by the Ministry of Industry and Information Technology. [3][6] Individual Stock Performance - Over 4,400 stocks closed in the green, with nearly 100 stocks rising over 9%. The consumer sector continued its strong performance, with multiple stocks achieving consecutive limit-ups. [5] - The commercial aerospace sector remained active, with stocks like Xibu Materials and Shenjian Co. also hitting the daily limit, although some popular stocks faced adjustments. [5] Future Market Outlook - The market is expected to face a new round of directional choices, with the Shanghai Composite Index showing relative strength. The focus will be on whether it can maintain its position above the 30-day moving average. [7][8] - Structural opportunities are anticipated, emphasizing the importance of capturing the rotation rhythm among popular themes. [8]