A股放量突破3900点，增量资金入场，明日或加速上涨？ 2025年12月的A股一开场就燃爆全场！咱们股民打开行情软件的瞬间，大概率都被满屏的红色晃了眼——上证指数踩着昂扬的节奏一举站上3900点关 口，深成指、创业板指也同步跟涨，两市近3700只个股飘红，消费电子板块更是掀起涨停潮，中兴通讯这样的巨头半日成交额就逼近140亿元。 更让人振奋的是，市场交投彻底热了起来，成交额直接冲到1.87万亿元，比前一天多了2882亿元，实打实的放量上涨让不少人直呼"跨年行情要提前启动 了"。这波3900点的突破到底是昙花一现，还是新一轮上涨的信号？增量资金都从哪来？明日市场真能加速冲高吗？ 一、3900点稳稳拿下！成交放量超1.8万亿 12月1日的A股走出了"高开高走"的强势行情，截至收盘，上证指数报收3914.01点，上涨0.65%，稳稳站在3900点上方；深证成指涨1.25%报13146.72 点，创业板指涨1.31%报3092.50点，科创50指数也同步上涨0.72%。智通财经统计的数据显示，当天沪深两市成交总额达到18740亿元，其中沪市成交 7857亿元，深市成交10883亿元，相比前一交易日的15858亿元大幅 ...

12月2日，中兴商城显示，目前首款"豆包助手"手机已显示"售罄"。 （文章来源：每日经济新闻） ...

Market Performance - The Hang Seng Index closed at 26,033, up 0.67% for the day and up 29.78% year-to-date [1] - The Hang Seng Tech Index rose by 0.82% to 5,644, with a year-to-date increase of 26.33% [1] - The Shanghai Composite Index increased by 0.65% to 3,914, with a year-to-date rise of 16.77% [1] - The Dow Jones Index fell by 0.90% to 47,289, with a year-to-date increase of 11.15% [1] Currency and Commodity Overview - The Renminbi Index stands at 97.920, with a 1-month increase of 0.38% and a 6-month increase of 1.79% [2] - Brent crude oil is priced at $63.570 per barrel, down 0.98% over the past month but up 3.13% over the past six months [2] - Gold is priced at $4,256.22 per ounce, with a 1-month increase of 6.37% and a 6-month increase of 25.87% [2] Company News - Kangji Medical's privatization plan has been approved by the Grand Court, with the plan expected to take effect on December 5, 2025 [19] - HashKey Holdings has passed the listing hearing with plans to raise $500 million and seek a listing this month [16] - The real estate crisis in China continues, with major data providers instructed to halt the release of sales data for property companies [17] Economic Indicators - China's official manufacturing PMI for November recorded at 49.2, below market expectations of 49.3 [13] - The non-manufacturing PMI for November was reported at 49.5, also below expectations of 50 [10] - Hong Kong's retail sales value for October increased by 6.9% year-on-year, with online sales rising over 27% [15]

2020-2025年1-9月中国移动通信基站设备产量统计图 上市企业：中兴通讯（000063）,大唐电信（600198）,信科移动（688387）,烽火通信（600498）,盛路通 信（002446）,*ST日海（002313）,超讯通信（603322） 相关报告：智研咨询发布的《2025-2031年中国通信设备行业市场行情监测及发展趋向研判报告》 根据国家统计局数据显示：2025年9月中国移动通信基站设备产量为55.9万射频模块，同比增长76.9%； 2025年1-9月中国移动通信基站设备累计产量为375.8万射频模块，累计增长10.9%。 数据来源：国家统计局，智研咨询整理 知前沿，问智研。智研咨询是中国一流产业咨询机构，十数年持续深耕产业研究领域，提供深度产业研 究报告、商业计划书、可行性研究报告及定制服务等一站式产业咨询服务。专业的角度、品质化的服 务、敏锐的市场洞察力，专注于提供完善的产业解决方案，为您的投资决策赋能。 ...

Core Viewpoint - The first "Doubao Assistant" phone developed by ZTE and ByteDance has sold out, with second-hand prices on platforms like Xianyu ranging from 4200 to 4999 yuan, exceeding the official price by 700 to 1500 yuan [3][6]. Group 1: Product Development and Sales - The "Doubao Assistant" phone is a collaboration where Doubao leads the AI assistant product definition and experience, while ZTE's Nubia handles hardware development and manufacturing [3]. - Nubia has not disclosed sales data yet, indicating that the initial release was limited [3]. - The official website shows that the phone is not completely out of stock, as developers can apply for an F code to purchase it [3]. Group 2: Software Updates and Future Plans - Nubia plans to maintain a software update frequency of approximately every two weeks until the end of Q1 2026 [4]. - Doubao is exploring partnerships with multiple phone manufacturers but does not have plans to develop its own phone [4]. Group 3: Industry Competition and Collaboration - Major domestic phone manufacturers currently do not have similar collaboration plans with Doubao, although they have existing partnerships with other AI service providers [5]. - The integration of voice assistants into operating systems represents a significant control over ecosystem traffic and future service business models for phone manufacturers [7]. - Doubao's strategy of partnering with smaller manufacturers may allow it greater control over model development, similar to Huawei's "Smart Selection Car" model [8].

南财金融终端数据显示，昨日（12月1日，下同）上证综指日内上涨0.65%，收于3914.01点，最高 3914.46点；深证成指日内上涨1.25%，收于13146.72点，最高13149.4点；创业板指日内上涨1.31%，收 于3092.5点，最高3093.96点。 二、融资融券情况 昨日沪深两市的融资融券余额为24767.41亿元，其中融资余额24591.4亿元，融券余额176.02亿元。两市 融资融券余额较前一交易日增加106.91亿元。分市场来看，沪市两融余额为12605.47亿元，相较前一交 易日增加57.11亿元；深市两融余额12161.94亿元，相较前一交易日增加49.8亿元。 两市共有3454只个股有融资资金买入，其中中际旭创、新易盛、中兴通讯排名前三，买入金额分别29.0 亿元、19.94亿元、17.82亿元。融资买入额前10个股详情见下表： 一、证券市场回顾 昨日有52只新基金发行，分别为：苏新苏匠债券A、华夏卓安债券C、金鹰中证港股通高股息投资指数 C、苏新苏匠债券C、金鹰中证港股通高股息投资指数D、银华盛安六个月持有混合C、华夏卓安债券 A、财通消费优选混合发起C、国投瑞银创业板综合指数 ...

A股市场AI手机概念股继续活跃，其中，道明光学4连板，福蓉科技2连板，美芯晟、传音控股、佰维存 储、格林精密等均有不错表现。消息面上，日前，字节跳动豆包团队发布豆包手机助手技术预览版。随 后，中兴通讯宣布，搭载豆包手机助手技术预览版的工程样机——努比亚M153少量发售，该机仅有 16GB+512GB一款配置，售价3499元。中兴商城昨晚显示，努比亚M153已为"售罄"状态。 | | | | | Al手机板块个股 | | | | --- | --- | --- | --- | --- | --- | --- | | 序号 | 代码 | 名称 | . | 涨幅%↓ | 总市值 | 年初至今涨幅% | | 1 | 002632 | 道明光学 | र्द | 10.01 | 94.00亿 | 73.92 | | 2 | 603327 | 福蓉科技 | 1 | 10.01 | 121亿 | 32.11 | | 3 | 688458 | 美芯展 | 1 | 7.18 | 47.29亿 | 29.47 | | 4 | 688036 | 传音控股 | 1 | 5.25 | 850亿 | -20.00 | | 5 | 6885 ...

银河证券此前发布研报称，AI手机时代的来临意味着AI将成为未来消费电子市场竞争的关键差异化因 素。多家厂商先后发布AI大模型，布局生成式AI手机。就中国市场而言，各大国产品牌对此高度重 视，试图抢占新一代创新周期下的更广阔市场，提升产品价值和巩固品牌市场地位。 消息面上，12月1日，字节跳动旗下AI助手"豆包"与中兴通讯先后宣布，搭载豆包手机助手技术预览版 的努比亚品牌工程样机启动小批量发售。此举背后是AI大模型厂商与手机硬件厂商的深度跨界合作进 入实质落地阶段。 智通财经APP获悉，手机产业链延续昨日上涨，截至发稿，瑞声科技(02018)涨5.37%，报40港元；比亚 迪电子(00285)涨2.78%，报34.74港元；高伟电子(01415)涨2.67%，报30.8港元；丘钛科技(01478)涨 2.93%，报9.83港元。 ...

Core Viewpoint - The mobile industry chain continues to rise, driven by the collaboration between AI model developers and mobile hardware manufacturers, marking a significant phase in the integration of AI technology into smartphones [1] Group 1: Market Performance - Companies such as AAC Technologies (02018) saw a stock increase of 5.37%, reaching HKD 40; BYD Electronics (00285) rose by 2.78% to HKD 34.74; GoerTek (01415) increased by 2.67% to HKD 30.8; and Q Technology (01478) gained 2.93%, reaching HKD 9.83 [1] Group 2: Industry Developments - On December 1, ByteDance's AI assistant "Doubao" and ZTE announced the launch of a small batch sale of Nubia brand engineering prototypes equipped with Doubao's mobile assistant technology preview version, indicating a deep cross-industry collaboration [1] - According to a report from Galaxy Securities, the advent of the AI smartphone era signifies that AI will become a key differentiating factor in the future consumer electronics market [1] - Multiple manufacturers have released AI large models, focusing on generative AI smartphones, with domestic brands in China placing significant emphasis on seizing broader market opportunities during this new innovation cycle to enhance product value and solidify brand market position [1]

2025年12月1日，国内财经市场在政策精准调控与产业利好推动下呈现稳健运行态势。金融监管新规落地、资本市场结构优化、重点产业政策密集出台等多 重积极因素叠加，为年末经济平稳收官注入动力，国际市场波动则为国内市场带来阶段性机遇。 宏观政策：金融监管提质增效 风险防控与服务优化并重 当日，央行联合金融监管总局、证监会发布的《金融机构客户尽职调查和客户身份资料及交易记录保存管理办法》成为金融领域核心政策亮点，该办法将于 2026年1月1日正式施行。与此前市场预期不同，新规明确取消"个人存取现金超5万元需登记资金来源"的规定，核心确立"基于风险"的监管原则——对收入 清晰、交易稳定的普通客户简化审核流程，对大额异常交易则强化尽职调查，既筑牢反洗钱防线，又保障普通民众金融服务便利性。 12月1日A股市场呈现普涨格局，主要指数集体收红。截至收盘，上证指数上涨0.65%重返3900点整数关口，报3914.01点；深证成指涨幅1.25%，报13146.72 点；创业板指表现尤为强劲，上涨1.31%至3092.50点。市场交投活跃度显著提升，沪深两市成交额达1.87万亿元，较前一交易日放量2881亿元，近3400只个 股实现 ...