Capital Market Highlights - "China's Nvidia," Moore Threads, will be listed on the STAR Market on December 5, with Muxi Co.'s IPO subscription starting the same day at a price of 104.66 yuan, aiming to raise 3.899 billion yuan [2] - JPMorgan upgraded its rating on Chinese stocks from "neutral" to "overweight," stating that the risk of a significant rise in the Chinese stock market by 2026 is much higher than the risk of a significant decline, with a projected 19% upside for the MSCI China Index under base case scenarios [2] - The China Securities Regulatory Commission disclosed that companies like Shichuangyi, Shurui Robotics, and Niushidate have initiated A-share IPO counseling, all categorized as hard technology enterprises [2] Key Industry Sectors - In embodied intelligence, Tesla released a video of its Optimus humanoid robot running, achieving a personal best; Yushu published a new video verifying the reliability of its machine, with H2 performing a combat test against G2 [4] - In commercial aerospace, the Zhuque-3 reusable launch vehicle was launched into orbit, but the recovery test failed [4] - In the chip sector, Amazon's cloud division plans to launch its latest AI chip, Trainium3, claiming it provides computational power for AI models at a lower cost and higher efficiency compared to Nvidia's GPUs [4] Company Updates - The price of Feitian Moutai has dropped to 1,399 yuan, falling below the official guidance price [5] - JPMorgan increased its stake in Vanke's H-shares from 4.72% on November 27 to 5.23%, while Blackstone's holding rose from 4.83% to 5.45% [5] - Guizhou Bailing's actual controller is under investigation for insider trading, information disclosure violations, and transferring stocks in violation of restrictions [5] - Lens Technology is collaborating with several leading domestic and international clients to develop various AI edge hardware devices, including glasses, watches, wristbands, rings, and desktop models [5] - Microchip Technology, a wholly-owned subsidiary of Saiwei Electronics, plans to participate in establishing Chuxin Micro Technology [5] - Zhongshi Technology intends to acquire a 51% stake in Zhongshi Xun Cold to enhance its liquid cooling business ecosystem [5]

温馨提示：财经最新动态随时看，请关注金投网APP。 来源：格隆汇 德尔股份股东戊戌15号基金拟减持不超过2.98%股份;棒杰股份股东苏州青嵩拟减持不超过0.87%股份;华凯易佰股东周新华 拟减持不超过2.91%股份;天山铝业实际控制人拟减持不超过1%股份;美凯龙股东杭州灏月拟减持不超过1.31亿股公司股份;安 孚科技股东秦大乾拟减持不超过257.82万股公司股份;唯赛勃股东香港唯赛勃拟减持不超2.99%股份;德龙激光董事长兼总经 理赵裕兴累计减持1.82%公司股份;德固特终止筹划重大资产重组事项;贵州百灵实际控制人姜伟收到证监会立案告知书 | | | 12月4日A股投资避雷针 | | --- | --- | --- | | 类别 | 公司 | 主要内容 | | 股东减持 | 德尔股份 | 戊戌15号基金拟减持不超过2.98%股份 | | | 棒杰股份 | 苏州青蒿拟减持不超过0.87%股份 | | | 华凯易值 | 周新华拟减持不超过2.91%股份 | | | 天山铝业 | 实际控制人拟减持不超过1%股份 | | | 坚朗五金 | 白宝萍拟减持不超过0.86%股份 | | | 腾达科技 | 腾众投资拟减持不超 ...

Group 1 - China's self-developed reusable launch vehicle Zhuque-3 successfully completed its maiden flight, marking a new milestone in the country's commercial space industry, with predictions that the industry could reach a scale of 7-10 trillion yuan by 2030 [2] - The U.S. ADP employment report for November showed a decrease of 32,000 private sector jobs, the largest drop in two and a half years, leading to increased expectations for a Federal Reserve rate cut [2] Group 2 - The Chinese government is promoting new urbanization as a key driver for expanding domestic demand and upgrading industries, emphasizing the need for urban renewal and addressing the urban-rural dual structure [3] - The Chinese Ministry of Commerce reported that the trade-in program for consumer goods has generated over 2.5 trillion yuan in sales, benefiting over 360 million people [3] Group 3 - The A-share market experienced a decline, with the Shanghai Composite Index down 0.51% and the Shenzhen Component down 0.78%, while the coal sector saw gains [5] - The Hong Kong Hang Seng Index fell 1.28%, with significant net buying from southbound funds, particularly in Alibaba [5] Group 4 - New active equity funds have shown signs of building positions, with over 80% of newly established funds experiencing net value fluctuations, while the consensus is to focus on AI applications for future allocations [6] - Morgan Stanley upgraded its rating on the Chinese stock market to "overweight," citing a higher risk of significant gains compared to losses [6] Group 5 - The Chinese government has initiated a parenting subsidy program for families with children under three years old, with over 30 million applications submitted and approved [4] - Cambodia will implement a visa-free policy for Chinese citizens from June to October 2026, allowing for multiple entries [4] Group 6 - The cultural and tourism sector in China is set to integrate with the civil aviation industry through a new action plan aimed at enhancing domestic travel accessibility and developing low-altitude tourism [9] - The Chinese passenger car market saw retail sales of 2.263 million units in November, a year-on-year decline of 7%, while the new energy vehicle market grew by 7% [9] Group 7 - The China Internet Finance Association is enhancing self-regulation for financial applications and mini-programs, aiming to mitigate risks associated with digital financial channels [10] - Binance appointed co-founder He Yi as co-CEO to expand its global business and strengthen compliance efforts [10] Group 8 - The U.S. stock market saw slight gains, with the Dow Jones up 0.86%, while the tech sector faced declines, particularly in Chinese concept stocks [15] - European stock indices showed mixed results, with the French market benefiting from consumer sector resilience [15] Group 9 - The domestic bond market experienced narrow fluctuations, with most interest rates rising, while the central bank conducted a reverse repurchase operation [17] - The U.S. Treasury yields collectively fell, indicating a shift in investor sentiment [17] Group 10 - International precious metals futures generally rose, supported by expectations of a Federal Reserve rate cut and positive economic data from Europe [18] - Crude oil prices increased amid ongoing geopolitical tensions, particularly related to the Russia-Ukraine conflict [18]

每经记者｜王琳 每经编辑｜段炼 董兴生 股份收购 万隆光电：筹划购买中控信息控制权 万隆光电公告，公司正在筹划发行股份及支付现金购买浙江中控信息产业股份有限公司控制权，并同步收购其他股东所持中控信息的股份，同时募集配套 资金。本次交易预计构成重大资产重组，不构成重组上市。公司证券自2025年12月4日开市起停牌，预计在不超过10个交易日内披露本次交易方案。 德固特：终止筹划重大资产重组事项 业绩披露 德固特公告，公司原拟通过发行股份及支付现金的方式购买浩鲸云计算科技股份有限公司100%股份并募集配套资金。12月3日，公司召开第五届董事会第 十二次会议审议通过《关于终止公司发行股份及支付现金购买资产并募集配套资金暨关联交易的议案》，并与本次交易各方签署了解除协议。 千里科技：11月新能源汽车销量同比下降43.98% 天山铝业：实控人拟合计减持不超1%公司股份 天山铝业公告，公司实际控制人曾超懿、曾超林披露股份减持计划，二人拟在公告披露之日起15个交易日后的3个月内合计减持公司股份不超过4589.86万 股，占公司总股本的1%。 唯赛勃：控股股东拟减持不超2.99%公司股份 唯赛勃公告，公司控股股东唯赛勃环保材料 ...

*风险提示：股市有风险，入市需谨慎 索通发展：公司是全球最大的商用预焙阳极供应商，截至2025年7月，公司预焙阳极在产产能346万吨， 计划2025年末预焙阳极签约产能达到约500万吨，负极产能8万吨，煅后焦130万吨，薄膜电容器超20亿 只生产规模。 天山铝业：公司拥有预焙阳极年产能60万吨，可以满足现有电解铝产能全部阳极碳素的需求。 *免责声明：文章内容仅供参考，不构成投资建议 据百川盈孚数据，12月3日预焙阳极市场均价5638元/吨，较上一日大涨5.82%，并实现三连涨。今年下 半年以来，预焙阳极市场价格呈现阶梯式攀升走势，7月至今累计涨幅已超过15%。 证券时报表示，近期石油焦价格高位整理，最新市场均价为3115元/吨，部分负极焦价格继续上行。原 料煤焦油预计仍坚挺走势，短期波动不大，煤沥青市场偏稳整理。综合来看，原料成本仍旧维持高位水 平，对预焙阳极价格偏好氛围。下游需求方面，电解铝价格持续走高，开工产能稳中小增，开工产能达 4414万吨，对预焙阳极需求旺盛。近期新疆地区电解铝企业将继续释放新投产产能，预计行业理论开工 产能呈增加态势，对预焙阳极需求或有增量。成本高位叠加需求持续旺盛，预焙阳极价格或 ...

每经记者｜王琳 每经编辑｜董兴生 股份收购 万隆光电：筹划购买中控信息控制权 万隆光电公告，公司正在筹划发行股份及支付现金购买浙江中控信息产业股份有限公司控制权，并同步 收购其他股东所持中控信息的股份，同时募集配套资金。本次交易预计构成重大资产重组，不构成重组 上市。公司证券自2025年12月4日开市起停牌，预计在不超过10个交易日内披露本次交易方案。 德固特：终止筹划重大资产重组事项 德固特公告，公司原拟通过发行股份及支付现金的方式购买浩鲸云计算科技股份有限公司100%股份并 募集配套资金。12月3日，公司召开第五届董事会第十二次会议审议通过《关于终止公司发行股份及支 付现金购买资产并募集配套资金暨关联交易的议案》，并与本次交易各方签署了解除协议。 业绩披露 千里科技：11月新能源汽车销量同比下降43.98% 千里科技公告，2025年11月，公司汽车整车销量9504辆，同比增长63.44%。其中，新能源汽车销量 1201辆，同比下降43.98%。 增减持 贵州百灵：实控人姜伟因涉嫌内幕交易等被立案 贵州百灵公告，公司收到实际控制人姜伟的通知，其于近日收到中国证监会下发的《立案告知书》，姜 伟因涉嫌内幕交易、 ...

三湘都市报全媒体记者 卜岚 视频拍摄 刘文 谢佳燊 剪辑 何佳洁 湖湘经济浪潮之中，邵商是其中旗帜鲜明的一支。 从田间地头"洗脚上岸"的创业先行者，到实验室里攻坚"卡脖子"技术的创新先锋；从闯荡四海的商业骄 子，到反哺家乡的建设主力，"霸得蛮、耐得烦、吃得苦、敢为先"的邵商精神，在代代传承中不断淬炼 升华。 12月1日至3日，由中共湖南省委网信办、湖南日报社、中共邵阳市委、邵阳市人民政府联合主办，中共 邵阳市委网信办、湖南日报社邵阳分社承办的"新征程，新样范——中国式现代化在湖南的实践"主题宣 传活动在邵阳举行。一场解码邵阳高质量发展、探寻中国式现代化湖南实践的精彩旅程由此开启。近年 来，新质生产力加速崛起、"邵商回归"热潮涌动，越来越多的邵阳企业家带着技术、资本与情怀重返故 土，正在以行动书写新的商业传奇。 在邵阳经开区的三一专汽智能车间，一台定制化的工程车仅需18分钟即可诞生。谢佳燊摄 打破国外垄断，实现"邵阳智造"的硬核突围 2025年6月，北京证券交易所内，湖南广信科技股份有限公司的上市钟声敲响，成为今年湖南首家登陆 北交所的企业，也是邵阳第一家北交所上市公司。这家扎根邵阳的绝缘材料企业，用二十余年深 ...

炒股就看金麒麟分析师研报，权威，专业，及时，全面，助您挖掘潜力主题机会！ 据统计，12月2日，盘后志邦家居披露增持情况。包括腾景科技、东方电气、佰维存储、山西汾酒、唯 赛勃、银邦股份、安孚科技、国博电子、坚朗五金、腾达科技、天山铝业、棒杰股份、熊猫乳品、德尔 股份、华凯易佰在内的15家A股上市公司披露减持情况。 | | | 12.3上市公司盘后增持情况 | | --- | --- | --- | | 1 | 志邦家居 | 拟以8000万元至1.1亿元回购公司股份 | | | | 12.3上市公司盘后减持情况 | | 1 | 腾景科技 | 股东拟减持不超1.96%公司股份 | | 2 | 东方电气 | 股东合计拟减持不超3万股公司股份 | | 3 | 山西汾酒 | 第二大股东华创鑫睿已减持1.33%公司股份 | | র্ব | 唯惠勃 | 控股股东拟减持不超2.99%股份 | | 5 | 佰维存储 | 第二大股东国家大基金二期近期减持464.6万股 | | 6 | 安孚科技 | 股东秦大乾拟减持不超1.00%股份 | | 7 | 银邦股份 | 股东无锡新邦科技减持3%股份 | | 8 | 国博电子 | 股东中电 ...

Core Viewpoint - Tianshan Aluminum's recent project to enhance its 1.4 million tons of electrolytic aluminum capacity is expected to increase annual production by 20%, reaching 1.4 million tons per year, while achieving industry-leading power consumption levels for aluminum liquid [1] Group 1: Production and Capacity - The completion of the green low-carbon upgrade project will boost Tianshan Aluminum's annual electrolytic aluminum production by 20% to 1.4 million tons [1] - The company has established a complete industrial chain, including bauxite, alumina, prebaked anodes, power generation, electrolytic aluminum, high-purity aluminum, and deep processing of aluminum, providing strong cost competitiveness [1] Group 2: Shareholder Returns - Tianshan Aluminum has consistently enhanced its shareholder return system through high dividends and share buybacks, with cumulative cash dividends totaling 7.17 billion yuan since its listing [1] - The company plans to distribute a total cash dividend of no less than 50% of the net profit attributable to shareholders in 2025, an increase from 41% in 2024, positioning it as one of the highest dividend-paying companies in the A-share non-ferrous sector [2] Group 3: Share Buyback Initiatives - Tianshan Aluminum has completed multiple rounds of share buybacks, with a total of 23.7 million shares repurchased, accounting for 0.51% of the total share capital, and a total expenditure exceeding 200 million yuan [2] - The management's decision to cancel repurchased shares reflects confidence in the company's intrinsic value and future development [2][3] Group 4: Market Perception - The company's actions are interpreted as "quasi-dividend" operations, enhancing shareholder equity and signaling strong confidence in its value to the capital market [3] - With integrated advantages and dividend value driving its growth, Tianshan Aluminum is becoming a highly valuable investment target in the non-ferrous sector [3]

格隆汇12月3日丨天山铝业(002532.SZ)公布，实际控制人曾超懿直接持有公司股份393,778,364股，占公 司总股本的8.58%（总股本按剔除公司回购专用证券账户中的股份数量计算，下同）；实际控制人曾超 林直接持有公司股份302,061,587股，占公司总股本的6.58%。曾超懿拟在本公告披露之日起15个交易日 后的3个月内通过集中竞价交易方式减持公司股份不超过22,949,300股，暨不超过公司总股本的0.5%； 曾超林拟在本公告披露之日起15个交易日后的3个月内通过集中竞价交易方式减持公司股份不超过 22,949,300股，暨不超过公司总股本的0.5%。 ...