Group 1 - China's Hainan Free Trade Port officially launched its zero-tariff operation on December 18, expanding the range of zero-tariff goods to over 6,600 items, enhancing consumer experience for travel and shopping [2] - The Ministry of Commerce has reintroduced export license management for steel for the first time in 16 years to strengthen monitoring and analysis of steel product exports [2] - A giant underwater gold mine has been discovered in Shandong Province, with proven gold reserves of over 3,900 tons, accounting for approximately 26% of the national total [2] Group 2 - The State Administration for Market Regulation emphasizes the need to strengthen the construction of a unified national market and promote fair competition [3] - The U.S. has initiated a military sale to Taiwan valued at approximately $11 billion, marking one of the largest military sales [3] - The State-owned Assets Supervision and Administration Commission has issued guidelines for holding central enterprises accountable for investment violations, effective from January 1, 2026 [3] Group 3 - The China Securities Regulatory Commission is advancing the "14th Five-Year" plan for the capital market, focusing on comprehensive reforms and high-level opening-up [4] - A-share indices showed divergence, with the Shanghai Composite Index closing up 0.16% while the Shenzhen Component Index and ChiNext Index fell by 1.29% and 2.17%, respectively [4] - The Hong Kong stock market is undergoing a narrow consolidation, with the Hang Seng Index closing up 0.12% [4] Group 4 - Morgan Stanley predicts that chip stocks will remain one of the best-performing sectors in the U.S. stock market next year, highlighting Nvidia, Broadcom, and Astera Labs as top picks [5] - Insurance asset management institutions have registered 83 asset-backed plans this year, totaling approximately 344.56 billion yuan [5] - Domestic GPU companies, Moore Threads and Muxi Co., have recently listed on the STAR Market, attracting significant investment from insurance funds [5] Group 5 - A wave of IPOs is expected in the Hong Kong capital market, with several companies starting public offerings on December 18 [6] - The Ministry of Industry and Information Technology announced that the photovoltaic industry will enter a critical phase in 2026, focusing on capacity regulation [8] Group 6 - The State Council has issued guidelines to strengthen electronic cigarette regulation and combat illegal tobacco-related activities [9] - The upcoming New Year's holiday is projected to significantly boost the domestic tourism market, with flight bookings increasing by approximately 46% year-on-year [9] - The total scale of bank wealth management products reached a historical high of about 34 trillion yuan by the end of November [9] Group 7 - The People's Bank of China will issue 40 billion yuan in central bank bills in Hong Kong on December 22, with a maturity of six months [18] - The U.S. Treasury Department reported an increase in Japan's holdings of U.S. Treasury securities to $1.2 trillion in October [18]

| | | 12.18上市公司盘后增持情况 | | --- | --- | --- | | 1 | 大中矿业 | 董事、总经理林圃生计划增持公司股份不低于1508.02万股 | | 2 | 四川路桥 | 获中邮保险举牌 持股比例达5% | | 3 | 西藏药业 | 拟以1.7亿元至2亿元回购股份用于股权激励或员工持股计划 | | | | 12.18上市公司盘后减持情况 | | 1 | 立达信 | 第五大股东12月10日至12月17日期间减持1.56%公司股份 | | 2 | 药明康德 | 18家股东11月26日至12月17日期间合计减持2950万股 | | 3 | 飞龙股份 | 经核查控股股东近期减持公司总股本0.59% | | 4 | 瑞晨坏保 | 股东巨晨樊融计划减持不超过3%公司股份 | | 5 | 蓄湖股份 | 股东王晓君及其一致行动人拟合计减持不超2.98%股份 | | 6 | 奕东电子 | 第三、第五大股东等近期减持234.63万股 | | 1 | 君实生物 | 上海檀英拟减持不超2%股份 | | 8 | 华海诚科 | 股东天水华天科技拟减持不超过1%公司股份 | | g | 博硕科技 | 董事杨 ...

Company Announcements - Guo Xin Technology's former actual controller Chen Chongjun was sentenced to six years in prison and fined 4 million yuan for manipulating the securities market [2] - Zhongwei Company is planning to acquire the controlling stake in Hangzhou Zhonggui, leading to a stock suspension [3] - Xusheng Group's controlling shareholder is planning a change of control, resulting in a stock suspension [4] - Yidong Electronics' major shareholders reduced their holdings by 2.3463 million shares between December 10 and December 17 [5] - Nandu Power's controlling shareholder has terminated plans for a change of control, leading to stock resumption [6] - Xibu Mining's subsidiary obtained a mining license for a site with 2.86 tons of gold metal [8] Financial Adjustments - Shandong Highway plans to provision for a long-term equity investment impairment of approximately 690 million yuan related to Dongxing Securities [8] - WuXi AppTec's third and fourth largest shareholders reduced their holdings by a total of 29.508 million shares between November 26 and December 17 [9] Investments and Partnerships - Weixinno plans to sign an investment cooperation agreement to advance the Hefei 8.6 generation AMOLED production line project with a capital of 9.443 billion yuan [10] - Jiangnan New Materials is investing 300 million yuan to build a high-end copper-based core material R&D and industrialization project [15] Shareholding Changes - Sichuan Road and Bridge received a stake increase from Zhongyou Insurance, raising its holding to 5% [11] - Lidasin's fifth largest shareholder reduced their holdings by 1.56% between December 10 and December 17 [12] - Ruicheng Environmental Protection's shareholder plans to reduce their holdings by up to 3% [17] Dividends and Profit Distribution - Haitian Flavoring plans to maintain a cash dividend ratio of no less than 80% for the next three years (2025-2027) [13] - CICC announced a cash dividend distribution of 434 million yuan for the first half of 2025, with a record date of December 26 [14] Financing and Listings - Baipusais plans to issue H-shares and list on the Hong Kong Stock Exchange [21]

Core Viewpoint - On December 18, several A-share listed companies disclosed their shareholding changes, with notable increases in holdings from some companies and reductions from others [1]. Group 1: Shareholding Increases - Dazhong Mining's director and general manager Lin Pushi plans to increase his shareholding by no less than 15.08 million shares [2]. - Sichuan Road and Bridge received a stake increase from Zhongyou Insurance, raising its holding to 5% [2]. - Tibet Pharmaceutical intends to repurchase shares worth between 170 million to 200 million yuan for equity incentives or employee stock ownership plans [2]. Group 2: Shareholding Reductions - Lidasin's fifth-largest shareholder reduced their stake by 1.56% between December 10 and December 17 [2]. - WuXi AppTec's 18 shareholders collectively reduced their holdings by 29.5 million shares from November 26 to December 17 [2]. - Feilong Co.'s controlling shareholder recently reduced their total shareholding by 0.59% [2]. - Ruichen Environmental's shareholder plans to reduce their stake by no more than 3% [2]. - Lihuk Co.'s shareholder Wang Xiaojun and his concerted actors plan to reduce their holdings by up to 2.98% [2]. - Yidong Electronics' third and fifth largest shareholders recently reduced their holdings by 2.3463 million shares [2]. - Junshi Biosciences' Shanghai Tanying plans to reduce its stake by no more than 2% [2]. - Huahai Chengke's shareholder intends to reduce their stake by no more than 1% [2]. - Boshuo Technology's director Yang Chuanqi and executive Zhou Dan plan to reduce their holdings by no more than 0.011% [2]. - Allianz Vision's chairman Xu Jin plans to reduce his stake by no more than 0.96% [2]. - Dazhong Mining's major shareholders, including the chairman and senior management, plan to reduce their holdings [2].

Group 1 - New stock offerings include Qiangyi Co. with an issuance price of 85.09 CNY per share and a subscription limit of 0.75 million shares, Yufan Technology at 22.29 CNY per share with a limit of 0.85 million shares, and Shuangxin Environmental Protection at 6.85 CNY per share with a limit of 60 million shares [2] - The Ministry of Commerce announced that some Chinese exporters have met the basic requirements for applying for general licenses regarding rare earth export controls, with some applications already approved [3] - The Hong Kong Stock Exchange is proposing a new trading unit framework to enhance market efficiency and reduce investment thresholds, which includes lowering the minimum value for trading units from 2000 HKD to 1000 HKD [4] Group 2 - The State Council issued guidelines to combat illegal activities related to tobacco, aiming to address issues such as counterfeiting and smuggling [4] - The State-owned Assets Supervision and Administration Commission released measures for accountability in investment violations, categorizing asset losses and defining responsibilities based on severity [5] - The Ministry of Industry and Information Technology announced that the photovoltaic industry will enter a critical governance phase by 2026, focusing on capacity regulation and management of manufacturing projects [5] Group 3 - The Bank of England announced a reduction in the benchmark interest rate from 4% to 3.75%, marking the lowest rate since February 2023 [6] - Haitian Flavor Industry plans to distribute a special dividend of 3 CNY per share [8] - Sichuan Road and Bridge has been acquired by Zhongyou Insurance, reaching a 5% shareholding [8]

人民财讯12月18日电，二连板立达信(605365)12月18日披露股票交易异动公告称，经公司自查并向控股 股东、实控人书面发函查证，截至公告披露日，确认不存在应披露而未披露的重大事项或重要信息。公 司控股股东、实控人的一致行动人李春华于12月10日至12月17日期间，通过集中竞价交易方式减持公司 股份500万股、通过大宗交易方式减持公司股份281.58万股，合计占公司总股本的1.56%。截至目前，李 春华减持计划已实施完毕。经公司核实，本次股东减持股份的原因为个人资金使用需求，不涉及公司重 大信息或其他因素的影响。 ...

立达信（605365）(605365.SH)发布公告，公司于2025年12月17日收到股东李春华女士《关于减持股份 触及1%刻度暨减持计划实施完毕的告知函》，其于2025年12月10日至12月17日期间，通过集中竞价交 易方式减持公司股份500万股、通过大宗交易方式减持公司股份281.58万股，合计占公司总股本的 1.56%。本次权益变动后，李春华女士及其一致行动人合计持有的公司股份比例由84.79%减少至 83.23%。权益变动触及1%刻度;并且本次减持计划实施完毕。 ...

智通财经APP讯，立达信(605365.SH)发布公告，公司于2025年12月17日收到股东李春华女士《关于减 持股份触及1%刻度暨减持计划实施完毕的告知函》，其于2025年12月10日至12月17日期间，通过集中 竞价交易方式减持公司股份500万股、通过大宗交易方式减持公司股份281.58万股，合计占公司总股本 的1.56%。本次权益变动后，李春华女士及其一致行动人合计持有的公司股份比例由84.79%减少至 83.23%。权益变动触及1%刻度;并且本次减持计划实施完毕。 ...

格隆汇12月18日丨立达信(605365.SH)公布，公司于2025年12月17日收到股东李春华女士《关于减持股 份触及1%刻度暨减持计划实施完毕的告知函》，其于 2025年12月10日至12月17日期间，通过集中竞价 交易方式减持公司股份500万股、通过大宗交易方式减持公司股份281.58万股，合计占公司总股本的 1.56%。本次权益变动后，李春华女士及其一致行动人合计持有的公司股份比例由84.79%减少至 83.23%。权益变动触及1%刻度；并且本次减持计划实施完毕。 ...

人民财讯12月18日电，二连板立达信（605365）12月18日披露股票交易异动公告称，经公司自查并向控 股股东、实控人书面发函查证，截至公告披露日，确认不存在应披露而未披露的重大事项或重要信息。 公司控股股东、实控人的一致行动人李春华于12月10日至12月17日期间，通过集中竞价交易方式减持公 司股份500万股、通过大宗交易方式减持公司股份281.58万股，合计占公司总股本的1.56%。截至目前， 李春华减持计划已实施完毕。经公司核实，本次股东减持股份的原因为个人资金使用需求，不涉及公司 重大信息或其他因素的影响。 ...