厦门钨业（600549）、一品红（300723）、博盈特焊（301468）、华通线缆（605196）、佐力药业 （300181）等个股也获超100家机构调研。厦门钨业近期股价频频创出历史新高，主要受益于钨精矿价 格频创新高。数据显示，江西钨精矿(65%)价格已飙升至43万元/吨上方，相比年初暴涨28.8万元/吨，涨 幅接近两倍。 | 近 | | | -周 (12.12~12.18) 机构调研情况 | | | | --- | --- | --- | --- | --- | --- | | 代码 | 简称 | 调研机构 | 三季报净 | 滚动市盈 | 本周涨跌 | | | | 数(家) | 利同比 | 率(倍) | 幅(%) | | | | | (%) | | | | 000625 | 长安汽车 | 214 | -14.66 | 17.14 | 0. 95 | | 600549 | 厦门钨业 | 172 | 27.05 | 30. 13 | 5. 15 | | 300723 | 一品红 | 119 | 44. 80 | | -23. 69 | | 301468 | 博盈特焊 | 108 | -37.17 | 15 ...

Summary of Key Points Core Viewpoint - This week, 165 listed companies disclosed institutional research records, with about half of the companies experiencing positive returns, indicating a mixed performance in the market. Group 1: Institutional Research and Stock Performance - The highest performing stock from institutional research this week was Zhenyou Technology, which increased by 21.89%, while nine other companies, including Aerospace Intelligence and Hongmian Co., saw gains exceeding 10% [1][8]. - Popular stocks this week included Changan Automobile, Yipin Hong, and Boying Special Welding, with Changan receiving the most institutional investors, totaling 214 [1][10]. Group 2: Changan Automobile's L3 Approval - Changan Automobile received approval for the first batch of L3 conditional autonomous driving vehicle licenses from the Ministry of Industry and Information Technology on December 15, allowing its model, Deep Blue SL03, to conduct road trials in designated areas [10][11]. - The company began its L3 autonomous driving capability research in 2017, with applications starting in 2021, and plans to conduct pilot applications in the first quarter of 2026 [11][13]. Group 3: Boying Special Welding's Technology and Operations - Boying Special Welding hosted four institutional research sessions this week, focusing on its core technology in anti-corrosion and wear-resistant welding equipment, which is widely used in various industrial sectors [5][14]. - The company has developed digital pulse MIG high-frequency oscillation welding technology, which is suitable for high-temperature and corrosive environments, and operates a production line in Vietnam for heat recovery steam generators (HRSG) [6][15]. Group 4: Yipin Hong's Share Sale - Yipin Hong announced plans to sell its stake in Arthrosi, retaining 100% rights to the AR882 drug pipeline in China and priority for global production supply rights [7][16]. - The transaction is expected to be completed in the first quarter of 2026, following U.S. antitrust filings, and the company has significant production facilities to support the supply of AR882 [16].

Group 1 - Russian President Putin acknowledged being in a relationship during a public event, which is a rare personal disclosure from him [10] - The World Trade Organization reported that artificial intelligence could boost global trade by 34% to 37% by 2040, contingent on supportive policies [10] - The U.S. Department of Justice released additional court documents related to Jeffrey Epstein, with over 550 pages redacted [11] Group 2 - China's central bank will issue commemorative coins and banknotes starting December 22, including one banknote and several coins, all recognized as legal tender [4] - The Chinese government in Fujian province has launched a financial support plan for technology innovation, aiming for a 10% annual growth in loans for technology-related industries from 2025 to 2027 [5] - The online travel booking platforms reported a significant increase in flight bookings to Hainan for the upcoming New Year holiday, with a 10% year-on-year increase [6] Group 3 - The Chinese company Huawei announced a price reduction for its foldable phone model Pura X, with discounts of 600 yuan and 800 yuan for different versions [13] - The Chinese company Moer Thread unveiled its fifth-generation GPU architecture "Huagang," set to enter mass production next year, along with several AI and graphics products [15] - Xiaomi has allocated over 100 million yuan in subsidies to its nationwide car dealership network, supporting new store constructions [19] Group 4 - The world's first commercial supercritical carbon dioxide power generation unit has successfully commenced operations in Guizhou, marking a significant advancement in clean energy technology [21] - The first official license plate for L3-level autonomous driving has been issued in Chongqing, indicating a milestone in the commercialization of autonomous vehicle technology [22]

【#首块L3级自动驾驶专用正式号牌诞生#】长安汽车官方消息称，12月20日，首块L3级自动驾驶专用 正式号牌"渝AD0001Z"在重庆诞生，由重庆市公安局交通管理总队正式授予长安汽车，标志着#长安汽 车开启L3级自动驾驶时代#。（智通财经） ...

关注 「电动车公社」 和我们一起重新思考汽车 《今日新闻》将会每天给大家带来几条当日重磅新闻，并附上社长的简单评论。关注「电动车公社」，新能源圈大事小事 ，看我们就够啦～ 今日新闻要点： 1、 长安新能源汽车年销量突破100万辆 2、 最近一段时间，长安、极狐、比亚迪、理想、问界、尊界、小鹏等多个品牌都陆续拿下L3级自动驾驶路测牌照，可以合法进行L3级自动驾驶的路测。 但需注 意，L3为有条件的自动驾驶，并不意味着可以放手不管。目前国内还没有任何一家车企拥有民用L3的能力，现阶段还需理性看待，但相信民用L3级辅助驾驶 最终会惠及大众。 晋级新央企后，长安汽车可谓是意气风发，旗下三个新能源子品牌协同拉动增长， 阿维塔连续9个月单月销量破万，深蓝汽车累计销量超70万辆，长安启源 单月销量达4.6万辆。这份成绩的背后，是长安新能源长期的技术投入、资源协同和明确的产品层级共同带来的结果。 小米汽车获L3级自动驾驶路测牌照 近日，小米汽车 获得北京市L3级自动驾驶道路测试牌照， 可在亦庄、顺义等指定高快速路段开展"有条件自动驾驶测试"。据悉， 其常态化测试已在北京高 快速路段秘密进行数月。 12月20日，长安汽车宣布新 ...

当前，长安L3级自动驾驶系统已在重庆真实道路测试累计超过500万公里。 新华社重庆12月20日电（记者 田金文、周闻韬）20日，国内首块L3级自动驾驶专用正式号牌"渝 AD0001Z"在重庆诞生，由重庆市公安局交通管理总队正式授予长安汽车，标志着长安汽车在国内率先 开启L3级自动驾驶时代。 ...

12月20日，首块L3级自动驾驶专用正式号牌"渝AD0001Z"在重庆诞生，由重庆市公安局交通管理总队正式授予长安汽车，标志着长安汽车以先行者之 姿，率先开启L3级自动驾驶时代。这一历史性时刻，为全国智能网联汽车发展按下了至关重要的"加速键"。 当前，长安L3级自动驾驶系统已在复杂且魔幻的8D重庆真实道路测试，累计已超过500万公里。其中，测试场景要素达到191类，超出国标10倍，极限 场景占比36%，场景要素超出国标49%，始终保持"零事故、零违规"的全程纪录，让前沿科技真正惠及每一位用户。这便是天枢智能L3的承诺，把"安全回 家"写进万家灯火。 以L3为起点，城企协同担当智能网联发展"排头兵" 长安汽车获颁首块L3级自动驾驶专用正式号牌，离不开工业和信息化部、公安部、住房和城乡建设部、交通运输部，以及重庆市委、市政府，重庆市 公安局和重庆市公安局交通管理总队的大力支持与助力。在前期项目申报、评审测试车辆上牌等环节，重庆市公安局交通管理总队积极协调配合，组织专 班，提供"全方位"服务，助力长安汽车成为全国首批智能网联汽车准入和上路通行试点联合体、全国首批获工信部L3级自动驾驶车型准入许可的企业、成功 申领首 ...

$\mathbf{k}_{i}\mathbf{k}_{i}\mathbf{k}_{i}\mathbf{k}_{i}\mathbf{k}_{i}$ $\mathbf{k}_{i}\mathbf{k}_{i}\mathbf{k}_{i}\mathbf{k}_{i}\mathbf{k}_{i}\mathbf{k}_{i}$ 证券研究报告 | 2025年12月19日 2025年12月20日 市场表现：20251219 大部分指数处于上涨状态，规模指数中中证 2000 指数 表现较好，板块指数中北证 50 指数表现较好，风格指数中中证 500 价值指 数表现较好。消费者服务、商贸零售、轻工制造、综合、纺织服装行业表现 较好，银行、煤炭、电子、石油石化、家电行业表现较差。海南自贸港、土 地流转、钒钛、汽车胎压监测、乳业等概念表现较好，光模块(CPO)、光刻 机、半导体硅片、存储器、磁电存储等概念表现较差。 市场情绪：20251219 收盘时有 84 只股票涨停，有 7 只股票跌停。昨日涨停 股票今日高开高走，收盘收益为 3.21%，昨日跌停股票今日收盘收益为 -3.35%。今日封板率 73%，较前日提升 4%，连板率 2 ...

Core Insights - Shenzhen has established a new fund, the Shenzhen Guochuang Yingke Innovation Investment Partnership, with a total scale of 18.901 billion yuan, primarily funded by state-owned enterprises [5][11]. - The fund's structure is entirely state-owned, which is rare for large-scale funds focusing on early-stage hard technology projects, reflecting Shenzhen's aggressive policy support for innovation [5][6]. - Recent policy initiatives in Shenzhen encourage state-owned funds to take risks and invest boldly in innovative projects, with specific measures to support investment failures without penalizing overall performance [5][6]. Fund Establishments - The Zhejiang Province Science and Technology New Industry Equity Investment Partnership has been established with a total investment of 10.103 billion yuan, focusing on private equity and venture capital [12]. - The Jiangsu Agricultural Modern Biotechnology Industry Investment Fund has been set up with a total scale of 1 billion yuan, targeting modern agriculture and biomedicine [14]. - The Chongqing Changyu Xinheng Private Equity Fund has been established with a scale of 1.002 billion yuan, focusing on the automotive industry and related investments [16]. Investment Dynamics - Qiji Investment has successfully completed the first closing of its second RMB fund, raising 900 million yuan, focusing on healthcare and life sciences [8][9]. - The Guangdong Yuecai Gongrong Artificial Intelligence and Robotics Industry Fund has been established with a total investment of 2 billion yuan, aiming to support the AI sector [18]. - The Hubei Provincial Aerospace Digital Industry Fund has been jointly established with a total scale of 1 billion yuan, focusing on hard technology and low-altitude industries [19]. New Fund Highlights - The Beijing Beigong Science and Technology Innovation Fund has been established with a scale of 300 million yuan, focusing on technology-driven industries [26]. - The Ningbo Saizhi Embodied Intelligence Fund has been set up with a first closing of 830 million yuan, targeting AI and embodied intelligence sectors [25]. - The Jiangsu Agricultural Modern Biotechnology Industry Investment Fund aims to enhance agricultural modernization and food security through investments in biotechnology [14]. GP Recruitment - The Hainan Aerospace Star Arrow Manufacturing Fund and the Hainan Aerospace High-Quality Development Industry Fund are seeking GP partners, with target scales of 3 billion yuan and 1 billion yuan respectively [35]. - The Beijing Chaoyang Aerospace Industry Sub-Fund is also recruiting GP partners, focusing on commercial aerospace and satellite technology [36].

Group 1 - Changan Automobile received L3-level autonomous driving model product access permission from the Ministry of Industry and Information Technology, becoming one of the first models in China to obtain this qualification [2] - The company plans to conduct road trial applications with its partner, Changan Car Union Technology, in the first quarter of 2026, following the formal implementation of relevant national regulations and policies [2] - This week, Changan Automobile was the most researched company, with over 200 institutional inquiries, indicating strong interest in its L3 access situation [1][2] Group 2 - Over 600 companies have been researched by institutions since December, with nearly 170 companies disclosing institutional investor research records this week [1][3] - The top ten A-share listed companies by the number of institutional inquiries have been identified, with significant interest in sectors such as application software, electronic components, and automotive parts and equipment [1][3][5] - In the fourth quarter, nearly 2,500 listed companies have been researched by institutions, with Luxshare Precision, a leading electronic component company, receiving the highest number of inquiries at 600 [5][6]