Group 1 - The core point of the news is that HaiMuxing's stock price increased by 5.07% to 48.30 CNY per share, with a trading volume of 514 million CNY and a turnover rate of 4.40%, resulting in a total market capitalization of 11.967 billion CNY [1] - HaiMuxing Laser Technology Group Co., Ltd. is located in Longhua District, Shenzhen, Guangdong Province, and was established on April 3, 2008, with its listing date on September 9, 2020 [1] - The company's main business involves the research, design, production, and sales of laser and automation equipment across various industries, including consumer electronics, power batteries, and sheet metal processing [1] Group 2 - The main revenue composition of HaiMuxing includes 60.28% from power battery laser and automation equipment, 18.04% from 3C consumer electronics laser and automation equipment, 10.52% from sheet metal laser cutting equipment, 7.98% from the photovoltaic industry, and 3.17% from other industries [1] - The Oriental Alpha Fund has a fund under its management that ranks among the top ten circulating shareholders of HaiMuxing, specifically the Oriental Alpha Industry Pioneer Mixed A Fund, which holds 1.6234 million shares, accounting for 0.66% of the circulating shares [2] - The Oriental Alpha Industry Pioneer Mixed A Fund has achieved a year-to-date return of 40.11% and a one-year return of 38.97%, with a total fund size of 8.01 billion CNY [2]

Core Viewpoint - As of December 22, a total of 97 stocks in the Shanghai and Shenzhen markets have experienced net financing inflows for five consecutive days or more, indicating strong investor interest in these stocks [1] Group 1: Stocks with Notable Financing Inflows - The stock with the longest consecutive net inflow is Chunzhong Technology, which has seen net buying for 12 consecutive trading days [1] - Other stocks with significant consecutive net inflows include China Mobile, Haimeixing, Srey New Materials, Debang Technology, Xinhua Co., Innotech, Zijian Electronics, and Kesen Technology [1]

格隆汇12月22日丨海目星(688559.SH)在投资者互动平台表示，公司有运用于HDI和PCB上的激光钻孔设 备，并已获得相应订单。 ...

Group 1 - The core point of the news is that HaiMuxing's stock price increased by 5.01% to 44.86 CNY per share, with a trading volume of 206 million CNY and a turnover rate of 1.91%, resulting in a total market capitalization of 11.114 billion CNY [1] - HaiMuxing Laser Technology Group Co., Ltd. is located in Longhua District, Shenzhen, Guangdong Province, and was established on April 3, 2008, with its listing date on September 9, 2020 [1] - The company's main business involves the research, design, production, and sales of laser and automation equipment across various industries, including consumer electronics, power batteries, and sheet metal processing [1] Group 2 - The revenue composition of HaiMuxing's main business includes: 60.28% from power battery laser and automation equipment, 18.04% from 3C consumer electronics laser and automation equipment, 10.52% from sheet metal laser cutting equipment, 7.98% from the photovoltaic industry, and 3.17% from other industries [1] - From the perspective of fund holdings, Yuanxin Yongfeng Fund has a significant position in HaiMuxing, with its fund "Yuanxin Yongfeng High-end Manufacturing A" increasing its holdings by 506,900 shares in the third quarter, totaling 566,900 shares, which represents 5.25% of the fund's net value [2] - The fund has achieved a year-to-date return of 42.31%, ranking 1438 out of 8170 in its category, and a one-year return of 38.95%, ranking 1503 out of 8139 [2]

Core Viewpoint - The stock of HaiMuxing has shown a mixed performance in recent trading sessions, with a year-to-date increase of 26.74% but a significant decline of 25.47% in revenue for the first nine months of 2025 compared to the previous year [1][2]. Group 1: Stock Performance - On December 22, HaiMuxing's stock rose by 2.06%, reaching 43.60 CNY per share, with a trading volume of 1.47 billion CNY and a turnover rate of 1.37%, resulting in a total market capitalization of 10.802 billion CNY [1]. - The stock has experienced a 0.95% increase over the last five trading days, an 11.81% decrease over the last 20 days, and an 8.38% increase over the last 60 days [1]. Group 2: Financial Performance - For the period from January to September 2025, HaiMuxing reported a revenue of 2.704 billion CNY, reflecting a year-on-year decrease of 25.47%, and a net profit attributable to shareholders of -913 million CNY, a significant decline of 645.04% [2]. - Since its A-share listing, the company has distributed a total of 60.4585 million CNY in dividends [3]. Group 3: Shareholder and Institutional Holdings - As of September 30, 2025, the number of HaiMuxing's shareholders increased by 24.29% to 19,700, while the average number of circulating shares per person decreased by 19.54% to 12,575 shares [2]. - Notable institutional shareholders include Hong Kong Central Clearing Limited, which is the fourth-largest shareholder with 6.097 million shares, and several ETFs that have increased their holdings [3].

人民财讯12月18日电，近日，海目星自主研发的圆柱电池量产线完成批量出货，陆续交付多家头部电池 制造与整车厂商。本批次交付的产线，全面覆盖同侧极耳大圆柱、双侧全极耳大圆柱、全极耳小圆柱等 主流及前沿技术工艺设备。 ...

今日截至13点46分，机器人ETF（562500）上涨0.11%，报0.926元。盘面整体呈现震荡整固特征，早盘 冲高回落后，价格始终围绕分时均线胶着运行，午后多空博弈趋于平衡，ETF成功翻红。持仓股方面呈 现结构性分化， 华昌达、海目星表现亮眼，逆势领涨超5%，博杰股份、大族激光等个股跟涨，显示出 局部细分赛道的强劲韧性；华东数控、弘讯科技等则出现调整。流动性方面，盘中成交额突破4.06亿 元，交投持续活跃。 华金证券表示，我们认为随着Optimus不断进化，各方面技术逐渐突破，人形机器人产业将会加速发 展。由于人形机器人许多零部件与汽车行业技术同源，建议关注同时拥有大脑以及硬件迭代能力的主机 厂。 （文章来源：每日经济新闻） 消息方面，近日，智元机器人关联公司智元创新（上海）科技股份有限公司成功注册"Genie store"商 标，国际分类为9类科学仪器，已申请商品/服务包括：准备饮料用具有人工智能的拟人机器人；用于家 务清洁和洗衣的具有人工智能的类人机器人等。 ...

Core Insights - The report highlights a recovery in the lithium battery equipment sector driven by traditional lithium battery expansion and the surge in energy storage demand, with expectations for a new cycle of prosperity in 2026 as solid-state battery technology approaches commercialization [1][2]. Group 1: 2025 Review - The lithium battery equipment sector saw a significant stock price increase of 98.60% from January 1, 2025, to December 15, 2025, outperforming the CSI 300 and ChiNext indices [11]. - The recovery in the lithium battery sector is attributed to a surge in energy storage demand, driven by supportive policies, overseas market growth, and new application scenarios [14][19]. - The sector's performance is expected to continue improving as downstream battery manufacturers resume operations and expand production [19][23]. Group 2: 2026 Outlook - The solid-state battery industry is nearing a critical commercialization point, with equipment and material breakthroughs anticipated to create new demand for production equipment [3][28]. - The solid-state battery equipment market is projected to reach 59.216 billion yuan by 2030, with a compound annual growth rate (CAGR) of 103% from 2024 to 2030 [46][49]. - Key players in the lithium battery equipment sector include leading companies such as XianDiao Intelligent, Winbond Technology, and others, focusing on various segments of the production process [3][48]. Group 3: Investment Recommendations - The report suggests focusing on companies that are well-positioned in the equipment supply chain, particularly those involved in solid-state battery production and related technologies [3][48]. - The investment strategy emphasizes the "shovel seller" logic, where companies providing essential equipment for the solid-state battery industry are expected to benefit significantly as the market expands [3][48].

Market Overview - The Shanghai Composite Index closed at 3884.93 points, with a slight decline of -0.11% [1] - The total trading volume of A-shares reached 1,198.5 billion yuan [1] Stocks with Death Cross - A total of 88 A-shares experienced a death cross, where the 5-day moving average fell below the 10-day moving average [1] - Notable stocks with significant distance between the 5-day and 10-day moving averages include: - Chuling Information (300250) with a distance of -1.55% [1] - Rongji Software (002474) with a distance of -1.40% [1] - Changyuan Donggu (603950) with a distance of -1.25% [1] Individual Stock Performance - Chuling Information (300250) saw a decline of -6.37% with a trading turnover rate of 11.94% [1] - Rongji Software (002474) decreased by -1.83% with a turnover rate of 10.53% [1] - Changyuan Donggu (603950) fell by -1.09% with a turnover rate of 0.41% [1] - Other notable declines include: - Shenhua A (000020) down -2.80% [1] - Sunshine Power (300274) down -3.41% [1] - Aide Biological (300685) down -3.43% [1] Additional Stock Data - Stocks with minor declines include: - Yitian Intelligent (300911) down -0.86% [2] - Hanrui (300618) down -1.70% [2] - Yinghe Technology (300457) down -3.03% [2] - Stocks with slight increases include: - Jinfatech (600143) up 0.67% [2] - Degoo (300950) up 0.13% [2]

Core Viewpoint - The ultimate goal of the new global lithium battery equipment order is to reshape industry value, with Chinese equipment companies aiming to become not only "order winners" but also "value leaders" in the global supply chain [1][21]. Group 1: Industry Trends - By 2025, the global lithium equipment industry is expected to experience a significant "order wave," with leading companies like Hai Moxing, Xian Dao Intelligent, Ying He Technology, and Li Yuan Heng signing and holding orders totaling over 30 billion yuan, marking a year-on-year increase of 70% to 80% [2]. - The current expansion cycle focuses on "high safety, high reliability, high performance, and high value," moving away from the previous emphasis on mere scale [3][7]. - The industry is transitioning from a phase of rapid scale competition to one centered on high-quality internal growth supported by global expansion [6]. Group 2: Equipment Demand and Value Creation - Customer demands for equipment have evolved from simply "being able to produce" to requiring "stable mass production, technological upgrades, and long-term service" [8]. - The shift in value perception means that customer trust now relies on quality and service over mere capacity guarantees, prompting companies to evolve from "equipment suppliers" to "lifecycle partners" [8][9]. - This expansion of value dimensions aligns with battery companies' demands for "high value" and distinguishes Chinese equipment firms from their overseas counterparts [9]. Group 3: Strategic Pathways for Leadership - Achieving a "leading position" in the new order requires a collaborative approach across technology, market, and globalization [12]. - Technological iteration is identified as the core variable and competitive advantage for equipment companies, with Hai Moxing adopting a dual-line R&D strategy to address challenges in solid-state battery production [13][14]. - The diversification of market dynamics provides essential support for Chinese equipment companies, allowing them to mitigate risks and expand their operational space [15]. Group 4: Globalization and Localization - The trend of "capacity going global" is a significant feature of the new order, necessitating enhanced globalization capabilities for Chinese companies [16]. - Chinese equipment firms should focus on "localization of organization, service, and innovation" to deeply integrate into the global industrial ecosystem [18]. - Hai Moxing's global strategy includes establishing 11 overseas subsidiaries and an innovation lab in Silicon Valley, emphasizing localized service and rapid response to customer needs [19][20]. Group 5: Value Restructuring Directions - The three main directions for value restructuring include transitioning from "equipment providers" to "standard co-creators," from "cost competition" to "technology premium," and from "individual efforts" to "ecosystem collaboration" [21][22][23]. - Hai Moxing collaborates with leading battery companies and research institutions to advance the standardization and industrial application of solid-state battery equipment [22]. - The focus on ecosystem collaboration aims to enhance the resilience and efficiency of the global supply chain, addressing common industry challenges [23].