智通财经APP讯，三花智控(02050)发布公告，于2025年12月31日，该公司斥资人民币4847.15万元回购 90.97万股A股，每股回购价格为52.58-54.25元。 ...

首次覆盖，给予"增持"投资评级。我们预计公司2025-2027 年分别可实现归母净利润42.53/46.50/50.99 亿元，同比增长37.2%/9.4%/9.6%。我们对公司传统冷配和汽车热管理业务进行分部估值，并考虑到AH 股溢价，对应合理市值为1433 亿元人民币；而三花智控H 股市值为1408 亿元港币，参考2025 年12 月26 日港币兑人民币汇率为0.9067，仍有12.3%上涨空间，首次覆盖，给予"增持"投资评级。 风险提示：原材料价格波动风险；汇率波动风险；人形机器人行业发展进度不及预期。 成熟业务：公司传统制冷和汽零业务保持领先地位。公司深耕传统制冷配件几十余载，多种产品在行业 市占率位居前列；制冷配件业务25H1 收入占比达64%，为公司第一大营收来源。随着内销空调等家电 保有量提升，出海市场空间广阔，有望刺激制冷配件需求，而公司有望凭借行业优势地位保持业务稳健 增长。汽零业务方面，公司凭借制冷配件多年积淀进行底层技术迁移，在份额高度集中的全球热管理市 场中，三花多品类份额居前，深度绑定国内外知名传统燃油车及新能车的核心整车厂商，获得客户广泛 认可。 新兴业务：储能＆机器人业务打开成长 ...

本报讯 （记者周尚伃）2025年以来，随着中国优质资产价值持续重估，国际资本逐步加大对中国资产 的配置力度，港股IPO市场重新展现出活跃态势，募资规模时隔六年重回全球首位。同时，伴随中资投 行国际化服务能力的不断提升，其在港股IPO市场中的专业作用和影响力日益凸显。 在这一背景下，中金公司（601995）依托长期深耕形成的市场积累、成熟的专业能力以及在重大项目中 的组织与执行优势，持续在港股IPO市场发挥核心引领作用，在发行定价、投资者结构构建等关键环节 中不断强化对中国资产海外定价权的掌控能力。凭借在项目数量、承销规模及头部项目主导力等方面的 持续领先表现。 值得一提的是，在众多港股明星项目中，中金公司凭借对国际核心资本的广泛覆盖，引入了全球顶级主 权基金、长线机构投资者等重量级国际投资者，为企业实现跨越式发展带来关键资金支持。 宁德时代（300750）于5月20日在港交所挂牌上市，发行规模52.5亿美元。截至完成时，创下2023年以 来全球规模最大的IPO、2022年以来全球规模最大的中资企业IPO（按定价日）、迄今规模最大的A股上 市公司H股IPO等多项纪录。据悉，中金公司作为保荐人，在项目推进过程中， ...

Market Overview - The Hang Seng Index closed at 25,855, down 0.86% for the day but up 28.89% year-to-date[1] - The Hang Seng Technology Index rose 1.74% to 5,578, with a year-to-date increase of 24.85%[1] - The Hang Seng China Enterprises Index increased by 1.12% to 8,991, with a year-to-date rise of 23.34%[1] Sector Performance - Baidu's stock surged nearly 9% due to advancements in AI and smart cloud business, with significant growth in its self-developed AI chip and smart driving orders[7] - The semiconductor sector saw strong gains, with InnoTek rising over 15% and SMIC up more than 4% following Nvidia's announcement of partnerships for a new power architecture[7] - Robotics stocks were active, with Yujing Technology up over 13% and Sanhua Intelligent Control up over 12%, supported by a significant increase in industrial robot production[7] Oil and Entertainment - Oil stocks continued to perform well, with CNOOC rising nearly 4% as international oil prices increased due to geopolitical tensions[7] - The entertainment sector saw a boost, with Emperor Culture Industries rising nearly 9% as the 2025 New Year box office surpassed 5.3 billion yuan, a near eight-year high[7] Economic Indicators - The WTI crude oil price surpassed $58 per barrel, while Brent crude approached $62 per barrel, driven by rising geopolitical risks[7] - The US Federal Reserve indicated potential future interest rate cuts if inflation continues to decline, as noted in the December meeting minutes[11]

消息面上，据券商中国昨日报道，有传闻指出，供应链公司近期陆续赴北美拜访客户，市场预期特斯拉 Optimus项目发包在即。东方证券此前指出，马斯克在股东大会上宣布特斯拉将于2026年1季度发布第三 代Optimus，并将建设年产百万台Optimus的生产线，2026年底开始生产，预计2026年人形机器人规模化 量产确定性较强，公司有望凭借在机器人执行器领域的先发优势获取更多市场份额，机器人业务将有望 为公司打开新增长空间。 本文源自：智通财经网 智通财经获悉，三花智控(02050)盘中涨超5%，该股昨日大涨超11%。截至发稿，涨3.75%，报39.88港 元，成交额9.81亿港元。 ...

四、龙虎榜情况 两市共有3472只个股有融资资金买入，其中三花智控、中际旭创、新易盛排名前三，买入金额分别22.96亿元、22.93亿元、19.1亿元。融资买入额前10个股 详情见下表： | 代码 | 股票名称 | 融资买入额(亿元 | | --- | --- | --- | | 002050.SZ | 三花智控 | 22.96 | | 300308.SZ | 中际旭创 | 22.93 | | 300502.SZ | 新易盛 | 19.1 | | 600118.SH | 中国卫星 | 18.15 | | 688256.SH | 寒武纪 | 17.03 | | 600879.SH | 航天电子 | 15.99 | | 601698.SH | 中国卫通 | 15.88 | | 002202.SZ | 金风科技 | 15.53 | | 300274.SZ | 阳光电源 | 15.15 | | 000547.SZ | 航天发展 | 14.36 | 三、基金发行情况 昨日有3只新基金发行，分别为：山证资管数字经济锐选股票发起式C、华宝上证科创板芯片ETF、山证资管数字经济锐选股票发起式A，详情见下表： | 代码 | 基 ...

Group 1 - The article highlights the behavior of margin traders, indicating that investors are looking for investment opportunities through their activities [1] - On December 30, a total of 3,757 stocks received margin buying funds, with the top three stocks being Sanhua Intelligent Controls at 2.296 billion, Zhongji Xuchuang at 2.293 billion, and Xinyi Sheng at 1.910 billion [1] - Among the stocks with significant margin buying, 10 stocks had a margin buying amount that exceeded 30% of their total trading volume [1] Group 2 - The top stocks by margin buying amount and their respective trading volumes and percentages are detailed, with notable mentions including Qingtang City at 24.35 million and Daya Shengxiang at 12.86 million [2] - The data shows that the margin buying percentage for several stocks is high, with Qingtang City at 43.09%, Daya Shengxiang at 40.80%, and Guangming Meat Industry at 35.66% [1][2] - The article provides a comprehensive table listing various stocks, their margin buying amounts, total trading amounts, margin buying percentages, and daily price changes [1][2]

（原标题：三花智控涨4.74%，股价创历史新高） 三花智控股价创出历史新高，截至9:56，该股上涨4.74%，股价报54.99元，成交量1.85亿股，成交金额 99.05亿元，换手率5.03%，该股最新A股总市值达2051.94亿元，该股A股流通市值2025.94亿元。 证券时报•数据宝统计显示，三花智控所属的家用电器行业，目前整体涨幅为0.08%，行业内，目前股价 上涨的有38只，涨幅居前的有*ST高斯、三花智控、天银机电等，涨幅分别为5.03%、4.74%、3.95%。 股价下跌的有61只，跌幅居前的有立达信、康盛股份、宏昌科技等，跌幅分别为4.10%、3.05%、 2.74%。 机构评级来看，近10日共有3家机构对该股进行评级，12月23日中金公司证券发布的研报给予公司目标 价为59.50元。 公司发布的三季报数据显示，前三季度公司共实现营业收入240.29亿元，同比增长16.86%，实现净利润 32.42亿元，同比增长40.85%，基本每股收益为0.8400元，加权平均净资产收益率13.67%。 12月23日公司发布2025年业绩预告，预计实现净利润38.74亿元至46.49亿元，同比变动区间为 25 ...

新浪科技讯 12月31日上午消息，近日，三花控股集团与钉钉签订战略合作协议。双方将围绕全球化高 效协同、信息安全体系建设及人工智能技术深度应用三大方向开展合作，助力三花实现全球资源高效调 度、管理决策智能化。 三花控股集团是制冷控制元器件和汽车热管理系统控制元器件制造商，生产基地遍及亚洲、欧洲、北美 等多个国家和地区，全球11大制造基地，旗下产品被广泛应用于新能源汽车。本次合作将搭建三花全球 数字化协同平台，促进总部与海外子公司的高效协同；强化信息安全与数据合规保障，守护核心业务环 节的信息安全；引入AI相关能力，推动业务智能升级与工作方式革新。 三花控股集团是制冷控制元器件和汽车热管理系统控制元器件制造商，生产基地遍及亚洲、欧洲、北美 等多个国家和地区，全球11大制造基地，旗下产品被广泛应用于新能源汽车。本次合作将搭建三花全球 数字化协同平台，促进总部与海外子公司的高效协同；强化信息安全与数据合规保障，守护核心业务环 节的信息安全；引入AI相关能力，推动业务智能升级与工作方式革新。 三花控股集团董事局副主席、三花智控董事长兼CEO张亚波表示："当前AI技术迭代速度快、应用场景 持续拓展，我们需要拥抱AI，钉 ...

Summary of Key Points Core Viewpoint - As of December 30, the total market financing balance reached 2.54 trillion yuan, reflecting a slight increase from the previous trading day, indicating ongoing investor interest in the market [1]. Financing Balances - The financing balance for the Shanghai Stock Exchange was 1.28 trillion yuan, up by 43.20 million yuan, while the Shenzhen Stock Exchange saw a decrease of 6.16 million yuan to 1.25 trillion yuan. The Beijing Stock Exchange's financing balance decreased by 2.17 million yuan to 79.91 million yuan [1]. Individual Stock Performance - On December 30, 1,835 stocks received net financing purchases, with 508 stocks having net purchases exceeding 10 million yuan. Notably, 37 stocks had net purchases over 100 million yuan, with C Qiang Yi leading at 549.13 million yuan [1][2]. - Other significant net purchases included Sanhua Intelligent Controls at 376.82 million yuan and Zhaoyi Innovation at 265.87 million yuan [2]. Industry Analysis - The industries with the highest concentration of stocks receiving net financing purchases over 100 million yuan were electronics, machinery, and defense, with 11, 5, and 3 stocks respectively [1]. - The distribution of large net purchase stocks included 23 from the main board, 9 from the ChiNext board, and 5 from the Sci-Tech Innovation board [1]. Financing Balance to Market Value Ratio - The average ratio of financing balance to market value for stocks with significant net purchases was 4.78%. C Qiang Yi had the highest ratio at 9.98%, followed by Dianguang Media at 9.51% and Xichuang Data at 8.38% [2].