Core Viewpoint - The A-share market saw a significant rise in robotics concept stocks, with multiple companies experiencing substantial gains, driven by the announcement of a new offline store by Yushu Technology in collaboration with JD.com, set to open on December 31 in Beijing [1]. Group 1: Stock Performance - Tianming Technology reached a 30% limit up, with a total market value of 2.067 billion and a year-to-date increase of 94.59% [2]. - Shuo Beid's stock rose by over 16%, with a market capitalization of 13.2 billion and a year-to-date increase of 118.38% [2]. - Buke Co. saw an increase of nearly 12%, with a market value of 12.4 billion and a year-to-date rise of 138.24% [2]. - Blue Cursor's stock increased by over 10%, with a total market value of 35.5 billion and a year-to-date increase of 49.31% [2]. - Other companies such as Jintuo Co., Hualing Cable, and Zhongchao Holdings also experienced gains of around 10% [1]. Group 2: New Store Announcement - Yushu Technology announced the opening of its first offline store in collaboration with JD.com, showcasing products like the Yushu Go2 quadruped robot dog and G1 humanoid robot [1].

Group 1 - The A-share market saw a significant rise in robotics concept stocks, with Tianming Technology hitting the daily limit of 30% increase, and Shobead rising over 16% [1] - Other notable performers included Buko Technology with a nearly 12% increase, and BlueFocus rising over 10% [1] - Several companies, including Jintuo Co., Hualing Cable, Zhongchao Holdings, and others, also reached the daily limit of 10% increase [1] Group 2 - Yushu Technology announced the opening of its first offline store in collaboration with JD.com, set to launch on December 31 in Beijing, showcasing products like the Yushu Go2 quadruped robot dog and G1 humanoid robot [1] - The market capitalization of Tianming Technology is reported at 2.067 billion, with a year-to-date increase of 94.59% [2] - Shobead has a market capitalization of 13.2 billion, with a year-to-date increase of 118.38% [2]

Core Insights - The main market experienced a net outflow of 27.718 billion yuan in principal funds as of December 30 [1] Group 1: Sector Performance - The top sectors with net inflows were: - Cultural Media with 1.44% increase and 1.463 billion yuan inflow, led by BlueFocus [2] - Automotive Parts with 0.89% increase and 1.332 billion yuan inflow, led by Shanzhi Gaoke [2] - General Equipment with 0.83% increase and 0.699 billion yuan inflow, led by Juyi Suoju [2] - Communication Services with 0.09% increase and 0.603 billion yuan inflow, led by China Satellite Communications [2] - Textile and Apparel with 0.7% increase and 0.537 billion yuan inflow, led by Furui Shares [2] - Gaming with 1.32% increase and 0.390 billion yuan inflow, led by 37 Interactive Entertainment [2] - Engineering Machinery with 1.35% increase and 0.300 billion yuan inflow, led by Sany Heavy Industry [3] - Computer Equipment with 0.87% increase and 0.286 billion yuan inflow, led by Yuyin Shares [3] - Semiconductors with 0.11% increase and 0.260 billion yuan inflow, led by N Strong [3] - Consumer Electronics with 0.96% increase and 0.232 billion yuan inflow, led by Shuo Beid [3]

Group 1 - The A-share commercial aerospace concept stocks continue to show strong performance, with several companies hitting the daily limit, including Leike Defense, Hualing Cable, and Zhongchao Holdings [1] - By the end of November 2025, China's commercial aerospace industry is projected to reach a scale of 2.5 to 2.8 trillion yuan, with an annual compound growth rate exceeding 20% [2] - The number of commercial aerospace companies in China has surpassed 600, indicating a significant expansion in the industry [2] Group 2 - The frequency of commercial rocket launches in China is increasing, with major satellite constellations like Qianfan and GW accelerating their network formation [2] - The Long March 12 and Long March 8 rockets have successfully launched, marking a new era of high-frequency launches and systematic breakthroughs in China's commercial aerospace sector [1] - As of November 2025, China has conducted 87 launches (84 successful), with 23 of these being executed by private commercial rocket companies, resulting in 324 satellites being placed into orbit [1]

Group 1 - The A-share commercial aerospace concept stocks continue to show strong performance, with several companies experiencing significant price increases, including LeiKe Defense, Hualing Cable, and Zhongchao Holdings, among others [1] - Notable stock performances include LeiKe Defense with a 10.03% increase and a market capitalization of 15 billion, and China Satellite with a 7.44% increase and a market capitalization of 111.8 billion [2] - The commercial aerospace sector is witnessing a surge in stock prices, with multiple companies achieving consecutive trading limits, indicating strong investor interest and confidence in the sector [1][2] Group 2 - The Chinese commercial aerospace industry is entering a new phase characterized by high-frequency launches and systematic breakthroughs, as evidenced by the successful launches of the Long March 12 and Long March 8 rockets [1] - According to the "China Commercial Aerospace Industry Development Report (2025)," the global average monthly launches have exceeded 26, with China conducting 87 launches (84 successful) in 2025, showcasing a significant increase in launch frequency [3] - The commercial aerospace industry in China has reached a scale of 2.5 to 2.8 trillion, with an annual compound growth rate exceeding 20%, and the number of commercial aerospace companies surpassing 600 [3]

Group 1 - The company has received mass production orders for low-orbit satellite phased array antennas and is set to deliver in bulk soon [2] - There was a previous misinformation regarding the Starlink news, but the company confirms its capability in low-orbit satellite technology [2] - The company is inquiring about collaborations with leading domestic commercial aerospace enterprises [2]

Core Viewpoint - The company, Shoubeide (300322), clarified on an interactive platform that it has not achieved "6G terahertz prototype machine with 1Tbps transmission rate" or "quantum encryption antenna" [1] Group 1: Company Developments - The company has completed the research and development of satellite communication antennas [1] - It has received mass production orders for low-orbit satellite communication antennas and is about to deliver in bulk [1] - The company has delivered over 100,000 units of high-orbit satellite communication antennas to leading domestic customers this year [1] Group 2: Industry Engagement - The company is closely following the development of 6G technology and actively engaging in related work [1]

证券日报网讯 12月29日，硕贝德在互动平台回答投资者提问时表示，公司依据客户需求及自身实际情 况，实时调整产能布局；具体业绩情况敬请关注公司后续的定期报告。 （文章来源：证券日报） ...

Core Viewpoint - The company has clarified that it does not have a "6G terahertz prototype achieving 1Tbps transmission rate" or a "quantum encryption antenna" [1] Group 1: Company Developments - The company has completed the research and development of satellite communication antennas and has received mass production orders for low Earth orbit satellite antennas, with upcoming bulk deliveries [1] - The company has delivered over 100,000 units of high-orbit satellite antennas to leading domestic customers this year [1] - The company is closely following the development of 6G technology and is actively engaging in related work [1] Group 2: Investor Inquiries - Investors have inquired about the company's progress in quantum encryption antenna research and whether it has established collaborations with domestic operators or aerospace companies for 6G pre-research [3] - Questions were raised regarding the company's ability to maintain a technological lead in the terahertz communication field for the next 2-3 years and the completeness of its related patent layout [3]

Core Viewpoint - The company has clarified that it does not possess a "6G terahertz prototype achieving 1Tbps transmission rate" or a "quantum encryption antenna" [1] Group 1: Company Developments - The company has completed the research and development of satellite communication antennas [1] - The company has received mass production orders for low Earth orbit satellite communication antennas and is preparing for bulk delivery [1] - The company has delivered over 100,000 units of vehicle-mounted high orbit satellite communication antennas to leading domestic customers this year [1] Group 2: Industry Engagement - The company is closely following the development of 6G technology and is actively engaging in related work [1]