Market Overview - As of December 29, the Shanghai Composite Index closed at 3965.28 points, up by 1.60 points, with a change of 0.04% [1] - The Shenzhen Component Index closed at 13537.10 points, down by 66.80 points, with a change of -0.49% [1] - The ChiNext Index closed at 3222.61 points, down by 21.26 points, with a change of -0.66% [1] High Turnover Stocks - A total of 97 A-shares had a turnover rate exceeding 20% on December 29 [1] - Notable stocks with high turnover rates include: - Nanbaichuan (301667) with a turnover rate of 64.26% and a closing price of 90.80 yuan, up by 10.87% [1] - Tiansuo Measurement (301449) with a turnover rate of 60.69% and a closing price of 104.21 yuan, down by 9.11% [1] - Dapeng Industrial (920091) with a turnover rate of 52.23% and a closing price of 88.60 yuan, up by 14.35% [1] Additional High Turnover Stocks - Other notable stocks with significant turnover rates include: - Beikang Testing (920160) at 46.74% turnover, closing at 28.01 yuan, down by 3.31% [1] - Hualing Cable (001208) at 45.69% turnover, closing at 22.16 yuan, down by 7.12% [1] - Tongyu Communication (002792) at 44.72% turnover, closing at 42.48 yuan, up by 1.14% [1] Summary of Turnover Rates - The report includes a detailed list of stocks with their respective turnover rates, closing prices, and percentage changes, indicating active trading and potential investor interest in these companies [1][2][3][4]

Group 1 - The core viewpoint of the news is that the photovoltaic ETF Huaxia (515370) has seen a significant increase in both stock performance and fund inflow, indicating strong investor interest in the photovoltaic sector [1] Group 2 - On December 29, the photovoltaic ETF Huaxia (515370) rose by 0.21%, with its holdings such as Maiwei Co., Ltd. increasing by over 16%, Junda Co., Ltd. hitting the daily limit, and JinkoSolar rising by over 7% [1] - Over the past twenty days, the net inflow into the photovoltaic ETF Huaxia (515370) exceeded 1.2 billion yuan, bringing its latest scale to 1.56 billion yuan, a record high [1] - The photovoltaic ETF Huaxia (515370) tracks the CSI Photovoltaic Industry Index, which includes companies across the entire photovoltaic industry chain, such as silicon wafers, polysilicon, solar cells, cables, photovoltaic glass, battery modules, inverters, photovoltaic brackets, and solar power plants, providing a comprehensive reflection of the overall performance of the photovoltaic industry [1]

Group 1 - Hubei Yihua has received acceptance from the Shenzhen Stock Exchange for its application to issue convertible bonds to unspecified objects [1] - Tongye Technology plans to acquire 91.69% of Beijing Silingke Semiconductor Technology Co., Ltd. for a total price of 561 million yuan [2] - Heng Rui Medicine has signed an exclusive licensing agreement with Hansoh Pharmaceutical, which includes a payment of 30 million yuan and potential milestone payments up to 190 million yuan [3] Group 2 - Jun Da Co. announced that its strategic cooperation framework agreement with Shangyi Optoelectronics will not significantly impact its current operating performance [4] - Jinchuan Group's wholly-owned subsidiary is jointly investing in a venture capital partnership to invest in Shanghai Gesi Information Technology Co., Ltd. [5] - Baili Tianheng plans to apply for the registration of debt financing tools not exceeding 10 billion yuan [6] Group 3 - Yuanda Environmental Protection announced the resignation of its chairman Chen Bin due to work changes [7] - Aerospace Development reported that its subsidiary's revenue accounted for less than 1% of the total revenue in the first three quarters of 2025 [8] - ST Huluwawa and its chairman Liu Jingping are under investigation by the China Securities Regulatory Commission for information disclosure violations [10] Group 4 - Jia Mei Packaging confirmed that it has no plans for significant changes to its main business or for a reverse merger in the next 36 months [11] - Wangfujing has won the bid for the duty-free project at Beijing Capital International Airport, with a guaranteed operating fee of 113 million yuan for the first year [12] - Siwei Liekong has suspended trading due to potential changes in control [13] Group 5 - Zhongchao Holdings announced a tax payment and late fee totaling 8.2881 million yuan [14] - Yongshuntai plans to conduct foreign exchange derivative trading with a total amount not exceeding 1.7 billion yuan in 2026 [15] - Guojin Securities has been approved to publicly issue company bonds not exceeding 25 billion yuan [16] Group 6 - Jincheng Pharmaceutical's subsidiaries are required to pay a total of 21.5968 million yuan in taxes and late fees [17] - China Shenhua's subsidiary has successfully completed the trial operation of its power generation unit [19] - Yijing Optoelectronics has received a hearing notice regarding the inability to advance its photovoltaic project [20] Group 7 - Jiga Development has received debt waivers totaling 378 million yuan from its controlling shareholder and related parties [21] - ST Lutong plans to apply to the Shenzhen Stock Exchange to revoke other risk warnings after a shareholder repaid funds [22] - Xin'ao Co. is progressing with the privatization of Xin'ao Energy and has completed significant asset restructuring foreign exchange registration [23]

Group 1 - The stock of Hainan Junda New Energy Technology Co., Ltd. reached a transaction volume of 2.334 billion RMB, marking the highest level since May 26, 2023 [2] - The latest stock price increased by 9.42%, with a turnover rate of 17.57% [2] - The previous trading day's total transaction volume for the stock was 1.369 billion RMB [2] Group 2 - Hainan Junda New Energy Technology Co., Ltd. was established on April 3, 2003, with a registered capital of 292.584052 million RMB [2]

Group 1 - The core viewpoint of the news is that JunDa Co., Ltd. has experienced significant stock price increases and trading activity, indicating strong market interest and potential investor confidence [1][2]. - As of December 29, JunDa's stock price rose by 6.98% to 58.70 CNY per share, with a trading volume of 7.28 billion CNY and a market capitalization of 171.75 billion CNY [1]. - Year-to-date, JunDa's stock has increased by 14.87%, with notable gains of 18.59% over the last five trading days, 49.21% over the last twenty days, and 41.58% over the last sixty days [1]. Group 2 - JunDa Co., Ltd. is primarily engaged in the research, production, and sales of photovoltaic cells, with its main products including 210-N N-type TOPCon monocrystalline cells and 182-P PERC monocrystalline cells [2]. - The company's revenue composition is heavily reliant on photovoltaic cell sales, accounting for 99.79% of total revenue, with other sources contributing only 0.21% [2]. - As of September 30, the number of shareholders for JunDa was 45,200, with an average of 4,976 circulating shares per person, indicating stable shareholder engagement [3]. Group 3 - For the period from January to September 2025, JunDa reported a revenue of 5.682 billion CNY, reflecting a year-on-year decrease of 30.72%, while the net profit attributable to shareholders was -419 million CNY, a slight decrease of 0.48% [3]. - Since its A-share listing, JunDa has distributed a total of 319 million CNY in dividends, with 255 million CNY distributed over the past three years [4]. - As of September 30, 2025, the top ten circulating shareholders included Hong Kong Central Clearing Limited and Wan Jia Quality Life A, with changes in their holdings indicating shifts in institutional investment [4].

客户端 钧达股份（02865）盘中大涨超25%，截至发稿，股价上涨23.06%，现报20.92港元，成交额1.43亿港 元。 12月23日，钧达股份披露投资者关系活动记录表，其中提到，公司近日与尚翼光电正式签署战略合作协 议，将以战略股东身份对尚翼光电进行股权投资，双方将深度整合产业与场景资源，围绕钙钛矿电池技 术在太空能源的应用展开合作，在技术研发、在轨验证、产业化落地及应用场景拓展等方面建立协同机 制。国金证券研报指出，重申看好太空光伏成为当前以及未来一年内的最强主线，后续来自火箭试射、 企业上市、产业链内生/外延动作落地、产品验证/供货进展等相关催化仍将密集释放，核心光伏相关标 的股价空间仍然巨大。 责任编辑：卢昱君 热点栏目 自选股 数据中心 行情中心 资金流向 模拟交易 责任编辑：卢昱君 热点栏目 自选股 数据中心 行情中心 资金流向 模拟交易 客户端 钧达股份（02865）盘中大涨超25%，截至发稿，股价上涨23.06%，现报20.92港元，成交额1.43亿港 元。 12月23日，钧达股份披露投资者关系活动记录表，其中提到，公司近日与尚翼光电正式签署战略合作协 议，将以战略股东身份对尚翼光电进行股 ...

智通财经APP获悉，钧达股份(02865)大涨超25%，截至发稿，涨24.47%，报21.16港元，成交额1.16亿港 元。 消息面上，12月23日，钧达股份披露投资者关系活动记录表，其中提到，公司近日与尚翼光电正式签署 战略合作协议，将以战略股东身份对尚翼光电进行股权投资，双方将深度整合产业与场景资源，围绕钙 钛矿电池技术在太空能源的应用展开合作，在技术研发、在轨验证、产业化落地及应用场景拓展等方面 建立协同机制。国金证券研报指出，重申看好太空光伏成为当前以及未来一年内的最强主线，后续来自 火箭试射、企业上市、产业链内生/外延动作落地、产品验证/供货进展等相关催化仍将密集释放，核心 光伏相关标的股价空间仍然巨大。 值得一提的是，近期商业航天催化密集。据最新报道，12月26日，上海证券交易所制定了《上海证券交 易所发行上市审核规则适用指引第9号——商业火箭企业适用科创板第五套上市标准》，现予以发布， 并自发布之日起施行。《指引》共十四条，对商业火箭企业适用科创板第五套上市标准作出了细化规 定。开源证券认为，随着商业火箭企业第五套上市标准要求的细化以及商业航天资本化进程全面提速， 中国商业航天产业已进入"资本赋 ...

钧达股份（002865）(02865)大涨超25%，截至发稿，涨24.47%，报21.16港元，成交额1.16亿港元。 值得一提的是，近期商业航天催化密集。据最新报道，12月26日，上海证券交易所制定了《上海证券交 易所发行上市审核规则适用指引第9号——商业火箭企业适用科创板第五套上市标准》，现予以发布， 并自发布之日起施行。《指引》共十四条，对商业火箭企业适用科创板第五套上市标准作出了细化规 定。开源证券认为，随着商业火箭企业第五套上市标准要求的细化以及商业航天资本化进程全面提速， 中国商业航天产业已进入"资本赋能+技术突破+规模扩张"的黄金发展期。 消息面上，12月23日，钧达股份披露投资者关系活动记录表，其中提到，公司近日与尚翼光电正式签署 战略合作协议，将以战略股东身份对尚翼光电进行股权投资，双方将深度整合产业与场景资源，围绕钙 钛矿电池技术在太空能源的应用展开合作，在技术研发、在轨验证、产业化落地及应用场景拓展等方面 建立协同机制。国金证券研报指出，重申看好太空光伏成为当前以及未来一年内的最强主线，后续来自 火箭试射、企业上市、产业链内生/外延动作落地、产品验证/供货进展等相关催化仍将密集释放，核心 ...

Group 1: Market Policies and Regulations - The Shanghai and Shenzhen Stock Exchanges announced a series of fee reduction measures for 2026, with an estimated total reduction exceeding 1.9 billion yuan, including approximately 1.113 billion yuan from the Shanghai Stock Exchange and over 800 million yuan from the Shenzhen Stock Exchange [1] - The National Financial Work Conference confirmed the continuation of "national subsidies" in 2026, focusing on boosting consumption and supporting the replacement of consumer goods [1] - The People's Bank of China aims to significantly increase the scale and proportion of various medium- and long-term funds invested in A-shares, promoting a healthy cycle between capital market stability and high-quality economic development [1] Group 2: Industry Developments - The Ministry of Industry and Information Technology established a standardization committee for humanoid robots and embodied intelligence, which will focus on developing industry standards in key technology areas [2] - Wall Street's first GPU company, Birun Technology, has set its Hong Kong IPO price range at HKD 17.00 to 19.60 per share, with plans to list on January 2, 2026 [3] - The National Investment UBS Silver LOF has reduced the A-class regular investment limit back to 100 yuan and announced a suspension of C-class share subscriptions to protect the interests of existing fund holders [4] Group 3: Market Trends and Performance - The A-share market is experiencing a bullish trend, with indices rising for eight consecutive days, indicating a potential for further gains [7] - The total box office for the 2025 Chinese film New Year season has surpassed 5 billion yuan, marking the highest figure for the same period in nearly eight years [8] - The battery recycling industry is expected to see new policies aimed at improving the efficiency of production capacity and addressing the mismatch between battery supply and recycling capacity [9]

Market News - The Ministry of Finance announced that a more proactive fiscal policy will continue in 2026, focusing on expanding fiscal expenditure, optimizing government bond tools, enhancing transfer payment efficiency, and improving expenditure structure [3] - The National Bureau of Statistics will release the December PMI data on December 31, with November's manufacturing PMI at 49.2%, a slight increase of 0.2 percentage points from October [4] - The People's Bank of China aims to significantly increase the scale and proportion of various long-term funds invested in A-shares, promoting a virtuous cycle between capital market stability and high-quality economic development [6] - The Shanghai and Shenzhen Stock Exchanges announced a series of fee reduction measures for 2026, expected to save over 1.9 billion yuan in total [7] Sector Developments - The Ministry of Industry and Information Technology established a standardization committee for humanoid robots and embodied intelligence, focusing on key technologies and industry standards [11] - The 2025 Shenzhen Brain Conference aims to create a platform for industry integration and innovation [13] - The 2025 China Green Hydrogen Industry Conference will discuss policies and technological breakthroughs that will impact the green hydrogen industry chain [14] Individual Stock Events - CATL plans to apply sodium batteries on a large scale in various sectors including battery swapping and energy storage in 2026 [17] - Xiaomi's co-founder plans to reduce holdings of up to $2 billion in B-class common stock [17] - ST Huluwawa and its chairman are under investigation for information disclosure violations [17] Lock-up Expiration - A total of 34 companies will have lock-up shares released this week, amounting to 3.697 billion shares with a total market value of approximately 58.895 billion yuan [18] - The peak lock-up expiration date is December 30, with 13 companies releasing shares worth a total of 27.645 billion yuan [18] Institutional Outlook - CITIC Securities highlights that 39 out of 360 industry/theme ETFs reached new highs in December, with a focus on communication and resource-related ETFs [25] - Guojin Securities identifies new investment themes emerging in 2026, emphasizing the importance of AI investments and the recovery of global manufacturing [26] - Zhongtai Securities believes there is still upward potential in the market before the Spring Festival, with opportunities for low-cost positioning [27]