Group 1 - The Sci-Tech Innovation Board (STAR Market) index rose by 2.04%, closing at 1335.25 points, with a total trading volume of 3.659 billion shares and a turnover of 185.771 billion yuan, resulting in an average turnover rate of 1.89% [1] - Among the tradable stocks on the STAR Market, 369 stocks closed higher, with 6 stocks increasing by over 10% and 36 stocks rising between 5% and 10%. Conversely, 215 stocks closed lower, with 1 stock declining by over 10% [1] - The highest turnover rate was recorded by C Youxun, a newly listed stock, which saw a turnover rate of 49.03% and a decline of 6.89%, with a trading volume of 1.668 billion yuan and a net outflow of 22.586 million yuan in main funds [1][3] Group 2 - In the high turnover stocks with rates exceeding 5%, 47 stocks increased today, with the highest gains from Dingtong Technology, Jingzhida, and Aisen Co., which rose by 20.00%, 19.96%, and 18.65% respectively [2] - The electronic industry had the most stocks with high turnover rates, totaling 28, followed by the power equipment and computer sectors, each with 8 stocks [2] - Among high turnover stocks, 31 experienced net inflows of main funds, with the largest inflows seen in Changguang Huaxin, Dekeli, and Ruikeda, amounting to 218 million yuan, 216 million yuan, and 120 million yuan respectively [2] Group 3 - The stocks with the highest turnover rates on December 22 included Aisen Co. with a turnover rate of 24.30% and a gain of 18.65%, and Hengkun New Materials with a turnover rate of 22.27% and a gain of 6.39% [3][4] - Stocks such as C Youxun and C Muxi experienced significant net outflows, with C Youxun seeing a net outflow of 22.586 million yuan and C Muxi a net outflow of 165.124 million yuan [3][4] - The overall market performance indicated a mixed trend, with some stocks like Dingtong Technology and Jingzhida showing strong gains while others like Laplace and Zhuoran Co. faced notable declines [2][4]

Weekly New Stock Performance - Four new stocks were listed from December 15 to December 19, with an average first-day price increase of 342.82%[2] - All four new stocks had first-day gains exceeding 100%, including Yuxun Co. (346.57%), Yuanchuang Co. (171.64%), Muxi Co. (692.95%), and Angrui Micro (160.11%)[2][5] - No new stocks experienced a first-day decline during this period[2] Weekly New Stock Issuance Trends - The total amount raised from new stock issuances last week was 77.82 billion yuan, an increase of 65.15 billion yuan compared to the previous week[4] - The number of new stocks listed last week was four, compared to one the week before[5] Monthly New Stock Overview - From December 1 to December 19, a total of eight new stocks were listed, raising 216.64 billion yuan with a first-day price increase average of 319.27%[11] - The first-day price increase range for these stocks was between 146.63% and 692.95%[11] Upcoming New Stock Listings - Three new stocks are scheduled to be listed this week, including one on the main board and two on the ChiNext board[18] - The expected fundraising amounts for the upcoming listings are 3.24 billion yuan for Hengtong Light, 15.55 billion yuan for Shaanxi Tourism, and 7.28 billion yuan for Xinguangyi[23]

IPO Pipeline Overview - As of December 21, there are 266 companies in the IPO pipeline, with 18 on the Shanghai Main Board, 36 on the Sci-Tech Innovation Board, 20 on the Shenzhen Main Board, 28 on the Growth Enterprise Market, and 164 on the Beijing Stock Exchange [2] - The total number of companies at various stages includes 12 accepted, 168 under inquiry, 11 approved, 52 registered, and 25 in total [3] Newly Listed Companies - Between December 15 and December 21, four companies were newly listed: Beijing Angrui Microelectronics Technology Co., Ltd., Muxi Integrated Circuit (Shanghai) Co., Ltd., Yuanchuang Technology Co., Ltd., and Xiamen Youxun Chip Co., Ltd. [4] - Beijing Angrui Microelectronics closed at 216.05 CNY per share, with a rise of 160.11% and a trading volume of 2.061 billion CNY [5] - Muxi Integrated Circuit closed at 829.90 CNY per share, with a rise of 692.95% and a trading volume of 11.259 billion CNY [7] - Yuanchuang Technology closed at 67.23 CNY per share, with a rise of 171.64% and a trading volume of 11.259 billion CNY [7] - Xiamen Youxun Chip closed at 230.70 CNY per share, with a rise of 346.57% and a trading volume of 2.854 billion CNY [8] New Counseling Record Companies - 18 companies were newly recorded for counseling between December 15 and December 21, including Xinyu Automotive Parts Co., Ltd., Jiangsu Anlan Wanjin Electronics Co., Ltd., and others [9] - Xinyu Automotive Parts specializes in the R&D, manufacturing, and sales of automotive parts, recognized as a key enterprise in Zhejiang Province [10] - Jiangsu Anlan Wanjin Electronics produces high-speed communication transmission cables and components for various industries [11] CSRC Approval Status - Between December 15 and December 21, six companies successfully passed the review process, including China Electronics Technology Blue Sky Technology Co., Ltd. and Shenzhen Shangshui Intelligent Co., Ltd. [17] - China Electronics Technology Blue Sky focuses on electric energy products and systems, providing comprehensive solutions from deep sea to deep space [18] CSRC Registration Approval - Three companies received registration approval between December 15 and December 21: Shandong Agricultural University Fertilizer Technology Co., Ltd., Shenzhen Beixin Life Technology Co., Ltd., and Yisiwei (Hangzhou) Technology Co., Ltd. [21] - Shandong Agricultural University Fertilizer specializes in new fertilizer development and aims to promote green and technological transformation in the agricultural sector [22] Termination of Review - On December 19, Jiejia Robot Co., Ltd. withdrew its IPO application on the Sci-Tech Innovation Board [24] - Jiejia Robot specializes in the R&D, production, and sales of collaborative robots and automation systems [25]

Core Viewpoint - Youxun Co., Ltd. (688807.SH) experienced a significant decline in stock price, closing at 214.81 yuan, down 6.89%, with an intraday low of 214.57 yuan, marking a new low since its listing [1] Group 1: Company Overview - Youxun Co., Ltd. was listed on the Shanghai Stock Exchange's Sci-Tech Innovation Board on December 19, 2025, with an initial public offering (IPO) of 20,000,000 shares, representing 25% of the total share capital post-issuance [1] - The IPO price was set at 51.66 yuan per share, and the total funds raised amounted to 103,320.00 million yuan, with a net amount of 92,768.83 million yuan after deducting issuance costs [1] Group 2: Fund Utilization - The company initially planned to raise 80,906.50 million yuan, which will be allocated for the development and industrialization of next-generation access network and high-speed data center chips, automotive chip development, and R&D projects for optical communication chips and silicon photonic components with 800G and above [1] Group 3: Issuance Costs - The total issuance costs (excluding VAT) amounted to 10,551.17 million yuan, with underwriting and sponsorship fees accounting for 7,055.80 million yuan [1]

Market Overview - As of December 22, the Shanghai Composite Index closed at 3917.36 points, up by 26.92 points, representing a 0.69% increase [1] - The Shenzhen Component Index closed at 13332.73 points, up by 192.52 points, with a 1.47% increase [1] - The ChiNext Index closed at 3191.98 points, up by 69.75 points, reflecting a 2.23% increase [1] - A total of 81 A-shares had a turnover rate exceeding 20% on this day [1] Top Trading Stocks - The stock C优迅 (688807) had a closing price of 214.81 yuan with a turnover rate of 49.03% and a decline of 6.89% [2] - 三羊马 (001317) closed at 58.07 yuan, with a turnover rate of 48.75% and an increase of 3.29% [2] - 中天服务 (002188) closed at 6.73 yuan, with a turnover rate of 46.40% and a decline of 9.91% [2] - 神农种业 (300189) closed at 7.13 yuan, with a turnover rate of 45.52% and an increase of 20.03% [2] - 雪人集团 (002639) closed at 19.43 yuan, with a turnover rate of 44.90% and a decline of 4.47% [2] - 通宇通讯 (002792) closed at 35.35 yuan, with a turnover rate of 44.35% and an increase of 9.99% [2] Additional Notable Stocks - 田野股份 (920023) closed at 5.91 yuan, with a turnover rate of 42.91% and an increase of 29.89% [2] - 德艺文创 (300640) closed at 9.02 yuan, with a turnover rate of 39.16% and a decline of 5.15% [2] - 豪恩汽电 (301488) closed at 167.70 yuan, with a turnover rate of 38.21% and a slight increase of 0.30% [2] - 大鹏工业 (920091) closed at 78.00 yuan, with a turnover rate of 37.44% and an increase of 3.70% [2] - 华体科技 (603679) closed at 17.39 yuan, with a turnover rate of 36.77% and a decline of 9.94% [2] Summary of Turnover Rates - The highest turnover rates were observed in stocks such as C优迅 (49.03%), 三羊马 (48.75%), and 中天服务 (46.40%) [2][3] - Other notable stocks with high turnover rates include 神农种业 (45.52%) and 雪人集团 (44.90%) [2][3] - The overall market showed significant trading activity, indicating investor interest in various sectors [1]

Group 1 - The total margin trading balance in A-shares reached 25,038.28 billion yuan, an increase of 44.62 billion yuan from the previous trading day, accounting for 2.60% of the A-share circulating market value [1][2] - The trading volume of margin financing and securities lending was 1,774.92 billion yuan, up by 56.06 billion yuan from the previous trading day, representing 10.13% of the total A-share trading volume [1][2] Group 2 - Among the 31 primary industries, 15 industries experienced net financing inflows, with the electronics industry leading at a net inflow of 1.409 billion yuan [2] - Other industries with significant net financing inflows included defense and military, non-ferrous metals, communications, electric equipment, and retail [2] Group 3 - A total of 22 individual stocks had net financing inflows exceeding 100 million yuan, with China Ping An leading at a net inflow of 587 million yuan [3][4] - Other notable stocks with high net financing inflows included Zhaoyi Innovation, Youxun Co., Yonghui Superstores, Aerospace Development, Ganfeng Lithium, Aerospace Electronics, Fenghuo Communication, Feilong Co., and Meinian Health [3][4]

Group 1 - On December 19, Youxun Co., Ltd. experienced a significant stock increase of 346.57%, with a trading volume of 2.854 billion yuan [1] - The financing data for Youxun on the same day showed a financing purchase amount of 549 million yuan, with a net financing purchase of 521 million yuan [1] - As of December 19, the total balance of margin trading for Youxun was 521 million yuan, accounting for 15.03% of its market capitalization [1] Group 2 - Youxun Co., Ltd. reported a total of 18,600 shareholders as of December 19, representing an increase of 84,318.18% compared to the previous period [2] - The company achieved an operating revenue of 357 million yuan from January to September 2025, reflecting a year-on-year growth of 18.33% [2] - The net profit attributable to the parent company for the same period was 72.941 million yuan, showing a year-on-year increase of 17.11% [2]

Core Viewpoint - C Youxun (688807) experienced a significant first-day increase of 346.57%, with a turnover rate of 78.74% and a transaction volume of 2.854 billion yuan [2]. Group 1: Company Overview - C Youxun is recognized as a "national manufacturing single champion enterprise" in the domestic optical communication sector, focusing on the research, design, and sales of optical communication front-end transceiver chips [2]. - The optical communication chips serve as the "nerve center" of optical communication optoelectronic systems, playing a crucial role in amplifying, driving, retiming, and processing complex digital signals, which directly impacts the performance and reliability of the entire optical communication system [2]. Group 2: Market Performance - On its first trading day, C Youxun had a financing buy-in amount of 549 million yuan, accounting for 19.23% of the total trading volume, with a latest financing balance of 521 million yuan, representing 15.03% of the circulating market value [2]. - The stock saw a net inflow of 1.359 billion yuan from major funds, with a net inflow of 1.361 billion yuan from large orders, while small orders experienced a net outflow of 144.22 thousand yuan [2].

每经AI快讯，据交易所最新公布的数据显示，截至12月19日，沪深两市的融资融券余额为24960.73亿元，相较上个交易日增加 44.23亿元，其中融资余额24793.79亿元，相较上个交易日增加45.38亿元。分市场来看，沪市两融余额为12687.4亿元，相较上个 交易日增加20.95亿元，深市两融余额12273.34亿元，相较上个交易日增加23.28亿元。 12月19日两市共有1560只个股有融资资金净买入。共有45只股票融资净买入额占总成交金额比例超10%，其中金达莱、杭州柯 林、松井股份排名前三，占比分别为29.71%、23.56%、20.96%。 | 股票代码 | 股票 | 收盘 | | 融资净买 融资净买入占比 | 涨跌幅 | | | --- | --- | --- | --- | --- | --- | --- | | 价 | 简称 | | 入额 | (%) | (%) | | | | | | (万元) | | | | | 688057.SH 金达莱 11.95 | | | 379.45 | 29.71 | 1.79 | 机械 设备 | | 688611.SH | 杭州柯 | 48.21 | 31 ...

Group 1: Recent IPOs Performance - Four companies, including Angrui Micro, YuXun Co., YuanChuang Co., and MuXi Co., recently went public, with notable performances on their first trading days [1] - Angrui Micro's stock surged by 160.11%, YuanChuang Co. increased by 171.64%, YuXun Co. rose by 346.57%, and MuXi Co. skyrocketed by 692.95% on their debut [1] - MuXi Co.'s initial offering price was 104.66 CNY per share, making it the second highest after MoEr Thread's 114.28 CNY per share [1] Group 2: Market Trends and Statistics - A total of 106 new stocks were listed this year, raising a total of 122 billion CNY, with the highest fundraising being 18.171 billion CNY by HuaDian New Energy [2] - The average fundraising amount for new IPOs this year was 1.151 billion CNY, significantly higher than last year's average of 674 million CNY [2] - The upcoming IPO of XiHua Technology is set for December 23, with an issue price of 10.10 CNY per share and a projected diluted P/E ratio of 33.12, which is below the industry average [2] Group 3: XiHua Technology Financials - XiHua Technology's projected revenues for the years 2022 to the first half of 2025 are 942 million CNY, 908 million CNY, 955 million CNY, and 580 million CNY respectively [3] - The company's net profits for the same periods are expected to be 184 million CNY, 177 million CNY, 142 million CNY, and 94.95 million CNY, indicating a decline in net profit for 2024 [3]