记者丨曾静娇 编辑丨吴桂兴 12月25日， A股午后集体走强，沪指录得7连阳 ，截至收盘，沪指涨0.47%，深成指涨0.33%，创业板指涨 0.3%。沪深两市成交额1.94万亿元，较上一个交易日放量467亿元。 全市场超3700只个股上涨，其中有93只 个股涨停。 | 上证指数 | 深证成指 | 北证50 | | --- | --- | --- | | 3959.62 | 13531.41 | 1457.96 | | +18.67 +0.47% | +44.99 +0.33% +12.41 +0.86% | | | 科创50 | 创业板指 | 万得全A | | 1349.06 | 3239.34 | 6409.89 | | -3.07 -0.23% | | +9.77 +0.30% +38.21 +0.60% | | 沪深300 | 中证500 | 中证A500 | | 4642.54 | 7410.71 | 5636.74 | | +8.48 +0.18% +58.67 +0.80% | | +14.22 +0.25% | | 中证1000 | 深证100 | 中证红利 | | 7579.38 | 5865 ...

Core Viewpoint - UBTECH Robotics (9880.HK) announced the acquisition of 43% of the shares of Fenglong Co., Ltd. (002931.SZ) through a combination of "agreement transfer + tender offer," marking a significant shift in control from Chengfeng Investment to UBTECH's founder, Zhou Jian [2] Group 1: Acquisition Details - The acquisition involves the purchase of 93,957,518 shares at a price of 17.72 CNY per share, representing a 10% discount from the last trading price of 19.68 CNY before suspension [2] - The total consideration for the transaction amounts to 1.665 billion CNY [2] Group 2: Market Reaction - On December 25, Fenglong Co., Ltd. opened with a limit-up at 21.65 CNY per share, achieving a market capitalization of 4.7 billion CNY [5] Group 3: Company Background - Fenglong Co., Ltd., established in 2003, specializes in the research, production, and sales of garden machinery engines, hydraulic control systems, and automotive components [7] - The company operates five subsidiaries and is recognized as a specialized and innovative high-tech enterprise [7] Group 4: Financial Performance - Fenglong Co., Ltd. reported revenues of approximately 587 million CNY, 433 million CNY, and 479 million CNY for the years 2022 to 2024, with net profits of 48.59 million CNY, -7.04 million CNY, and 4.59 million CNY respectively [8] - In the first three quarters of 2025, Fenglong achieved revenues of approximately 373 million CNY, a year-on-year increase of 9.47%, and a net profit of approximately 21.52 million CNY, a significant increase of 1714.99% [8] Group 5: Strategic Implications - UBTECH views this strategic acquisition as a means to enhance its industrial chain layout and strengthen its core competitiveness, leveraging its technological advantages in humanoid robotics alongside Fenglong's manufacturing capabilities [7] - The acquisition is seen as a step towards exploring the "H+A" path for humanoid robotics companies, aiming to provide more resources for global expansion and industrial chain extension [12]

Core Viewpoint - The acquisition of Fenglong Co., Ltd. by UBTECH, the "first humanoid robot stock," has led to a significant surge in Fenglong's stock price, with a limit-up of 10.01% to 21.65 CNY per share, and a massive order volume on the limit-up board [1][2][3] Group 1: Stock Performance - Fenglong Co., Ltd. opened at a limit-up price of 21.65 CNY per share, with a limit-up order volume reaching 459.89 million shares, which is more than double its total share capital of 219 million shares [1] - As of the afternoon, the order volume on the limit-up board remained above 216 million shares, indicating over 4.6 billion CNY queued for purchase, while Fenglong's market capitalization was only 4.343 billion CNY [1] Group 2: Acquisition Details - Fenglong announced the signing of a share transfer agreement with UBTECH, where 65.53 million unrestricted shares, accounting for 29.99% of the total share capital, will be transferred at a price of 17.72 CNY per share, totaling approximately 1.161 billion CNY [3] - Following the transaction, UBTECH will acquire approximately 93.96 million shares of Fenglong, representing 43% of the total share capital, for a total consideration of about 1.665 billion CNY [3] Group 3: Market Context - The acquisition has sparked a rally in the A-share robotics sector, with multiple stocks, including Haoshi Electric and Shoukai Co., hitting their limit-ups, and other stocks like Aifute rising over 14% [2] - The situation draws parallels to the significant stock performance of Shuangwei New Materials, which saw a 10-fold increase after a similar acquisition in the robotics sector earlier this year [3][4]

Core Viewpoint - Fenglong Co., Ltd. (002931.SZ) has resumed trading with a limit-up of 10.01%, closing at 21.65 yuan, following the announcement of a potential change in control involving its major shareholder, Chengfeng Investment [1] Group 1: Shareholder Changes - Chengfeng Investment and its actual controller, Dong Jianggang, are in discussions regarding a change in the company's control, which may lead to a change in the major shareholder and actual controller [1] - A share transfer agreement has been signed between Chengfeng Investment, Dong Jianggang, Ningbo Fengchi Investment Co., Ltd., Li Caixia, and UBTECH Robotics Corp., involving the transfer of 65,529,906 shares (29.99% of total shares) at a price of 17.72 yuan per share, totaling approximately 1.16 billion yuan [2] - After the share transfer, UBTECH will issue a partial tender offer for 28,450,000 shares (13.02% of total shares) at the same price of 17.72 yuan per share [2] Group 2: Voting Rights and Control - The parties involved in the share transfer have irrevocably committed to tendering 28,427,612 shares (13.01% of total shares) for the tender offer and will waive their voting rights associated with these shares [3] - Following the completion of the transaction, the major shareholder will change from Chengfeng Investment to UBTECH, and the actual controller will change from Dong Jianggang to Zhou Jiang [3] Group 3: UBTECH's Financial Background - UBTECH, known as the "first stock of humanoid robots," has faced financial challenges, including six rounds of equity financing since its IPO, raising a total of 8.5 billion Hong Kong dollars for operational expenses and loan repayments [4] - The company specializes in the research, production, and sales of educational robots, logistics robots, industrial robots, and humanoid robots [4]

那么，究竟发生什么了？分析人士认为，优必选收购锋龙股份可能是重磅催化剂。昨晚，优必选发布公 告，以"协议转让+要约收购"的组合方式共收购锋龙股份43%股份，股份转让价格、要约收购价格均为 17.72元/股，合计总对价达16.65亿元。 机器人终于来了！ 沉寂了一段时间的机器人终于回来了。 上天天基金APP搜索777注册即可领500元券包，优选基金10元起投！限量发放！先到先得！ 机器人再度爆发！ 今日 （12月25日） A股早盘，机器人概念股集体走强，巨轮智能一度直线涨停，泰尔股份、锋龙股份、 天奇股份、万向钱潮此前封板，拓斯达和昊志机电一度涨超18%。 来源：券商中国 今日早盘，机器人板块持续拉升，机器人ETF一度飙涨近2%。机器人概念广联航空20%涨停，昊志机 电、超捷股份、拓斯达、强瑞技术等涨停或涨超10%，巨轮智能一度直线涨停。 带飞机器人板块的是优必选。12月24日，"人形机器人第一股"优必选发布公告称，拟以"协议转让+要约 收购"的组合方式共收购锋龙股份9395.75万股（占锋龙股份总股本的43%）。锋龙股份今早一字涨停。 有券商认为，两家公司业务协同互补，优必选聚焦于人形机器人的研发、设计、制造 ...

消息面上，"人形机器人第一股"优必选昨晚发布公告，以"协议转让+要约收购"的组合方式共收购深交 所上市公司锋龙股份93957518股（占锋龙股份公司股份总数43%）。 今日（12月25日）上午，机器人相关题材大幅异动，减速器、人形机器人、汽车配件、宇树机器人等概 念板块均涨超1%。个股方面，昊志机电（300503）、强瑞技术（301128）、拓斯达（300607）等上午 收盘均涨超10%，龙溪股份（600592）、大业股份（603278）、天奇股份（002009）等个股涨停。新晋 机器人题材的锋龙股份（002931）一字涨停，集合竞价后封单一度接近460万手，该公司流通股仅两亿 股出头，意味着其流通盘远远不够卖。截至上午收盘，该股仍有超两百万手封单。 业内人士指出，此次优必选入主A股，令人想起了今年两只十倍大牛股，上纬新材和天普股份 （605255），前者是智元机器人入主，后者是中昊芯英要约收购。 底部特征显现 具身智能市场空间广阔。从政策面来看，多地"十五五"规划将具身智能/人形机器人明确列为未来产业 与新经济增长点；北京发布行动计划并落地全国首个全自主无人化人形机器人导览方案，地方政策从顶 层规划向应用示 ...

临近岁末，上证指数的连阳走势成为市场焦点。 今天上午，上证指数继续上涨，迎来7连阳。今年以来，上证指数最长的连阳纪录是8连阳，一共有两次，一次发生在4月11日—22日，另一次在8月4日—13 日。10月21日—29日有过7连阳走势。 这次上证指数7连阳，保险板块"出力"最大。今天上午，保险板块再度走强，五大险企集体上涨，中国太保（601601）盘中股价创历史新高，中国平安盘中 股价创今年以来新高。 锋龙股份（002931）今天复牌迎来"一字"涨停，截至上午收盘，涨停板上仍有逾211万手封单，合计金额45.7亿元。锋龙股份最新市值为47.31亿元，流通市 值为43.43亿元。 截至上午收盘，上证指数上涨0.29%，深证成指下跌0.11%，创业板指下跌0.37%。商业航天产业链继续大涨。 人形机器人板块上涨 今天上午，人形机器人板块上涨，其中，优必选概念股表现突出，昊志机电（300503）等个股大涨。 此外，前几日，"马斯克点赞王力宏伴舞机器人"登上微博热搜。据报道，12月18日，王力宏成都演唱会首次引入人形机器人伴舞，6个宇树科技G1机器人身 着银色亮片服装，精准卡点音乐节奏，动作与王力宏及其伴舞高度同步，最后 ...

（原标题：重磅利好，突袭！刚刚，直线封板！） 机器人再度爆发！ 今日（12月25日）A股早盘，机器人概念股集体走强，巨轮智能一度直线涨停，泰尔股份、锋龙股份、天奇股份、万向钱潮此前封板，拓斯达和 昊志机电一度涨超18%。 那么，究竟发生什么了？分析人士认为，优必选收购锋龙股份可能是重磅催化剂。昨晚，优必选发布公告，以"协议转让+要约收购"的组合方式共 收购锋龙股份43%股份，股份转让价格、要约收购价格均为17.72元/股，合计总对价达16.65亿元。 机器人终于来了！ 沉寂了一段时间的机器人终于回来了。 今日早盘，机器人板块持续拉升，机器人ETF一度飙涨近2%。机器人概念广联航空20%涨停，昊志机电、超捷股份、拓斯达、强瑞技术等涨停或 涨超10%，巨轮智能一度直线涨停。 带飞机器人板块的是优必选。12月24日，"人形机器人第一股"优必选发布公告称，拟以"协议转让+要约收购"的组合方式共收购锋龙股份9395.75 万股（占锋龙股份总股本的43%）。锋龙股份今早一字涨停。 有券商认为，两家公司业务协同互补，优必选聚焦于人形机器人的研发、设计、制造与商业化；锋龙股份作为专精特新及高新技术企业，长期深 耕割草机等园林 ...

Group 1 - The core point of the news is that Fenglong Co., Ltd. (002931.SZ) resumed trading and hit the daily limit up, with a stock price of 21.65 yuan per share and a total market value of 4.731 billion yuan, following the announcement of a share transfer agreement with UBTECH [2] - Fenglong's major shareholder, Chengfeng Investment, and actual controller Dong Jianggang signed a share transfer agreement with UBTECH, which will acquire 43% of Fenglong's shares for a total consideration of 1.665 billion yuan, making it the new controlling shareholder [2] - UBTECH aims to leverage this acquisition to align with its long-term strategic goals and enhance the development and commercialization of humanoid robots, with Fenglong becoming UBTECH's first listed subsidiary in the A-share market [2] Group 2 - Fenglong has a strong focus on the research and manufacturing of garden machinery, engines, hydraulic control systems, and automotive parts, showcasing solid precision manufacturing capabilities and a mature supply chain [3] - In the third quarter, Fenglong reported revenue of 373 million yuan, a year-on-year increase of 9.47%, and a net profit attributable to shareholders of 22 million yuan, reflecting a significant year-on-year growth of 1714.99% [3] - The increase in Fenglong's profitability is attributed to improved market conditions, the ramp-up of new product projects, and ongoing cost reduction and efficiency enhancement efforts [3] Group 3 - UBTECH's stock experienced slight fluctuations, with a reported price of 109.5 HKD per share and a total market value of 55.1 billion HKD [4]

Market Performance - The Shanghai Composite Index has achieved a 7-day consecutive rise, with the longest record this year being 8 consecutive days [1] - The insurance sector has been the primary contributor to this rise, with major companies like China Pacific Insurance reaching historical highs [1] - As of the latest close, the Shanghai Composite Index increased by 0.29%, while the Shenzhen Component Index and the ChiNext Index decreased by 0.11% and 0.37%, respectively [1] Company Highlights - Fenglong Co., Ltd. resumed trading and hit a "limit up" with over 2.11 million shares locked in at a total value of 4.57 billion yuan [1][6] - Fenglong's market capitalization is currently 4.731 billion yuan, with a circulating market value of 4.343 billion yuan [6] - The company announced a share transfer agreement with UBTECH Robotics, involving the transfer of 65.53 million shares at a price of 17.72 yuan per share, totaling 1.161 billion yuan [6] Robotics Sector - The humanoid robotics sector has seen significant gains, particularly with UBTECH-related stocks like Haoshi Electromechanical experiencing substantial increases [3] - UBTECH has secured nearly 1.4 billion yuan in orders for humanoid robots this year, with plans to ramp up production of the Walker S2 model [7] - The Walker S2 is expected to have a monthly production capacity exceeding 300 units, with a projected annual delivery of over 500 units [7] Fund Performance - The Guotou Silver LOF fund experienced a significant drop upon resuming trading after a period of consecutive gains [9] - The fund's market price was significantly higher than its net asset value, leading to a warning for investors about potential losses from high premium rates [9]