（原标题：卓创资讯(301299.SZ)：目前公司无回购增持专项贷款） 格隆汇12月17日丨卓创资讯(301299.SZ)在投资者互动平台表示，目前公司无回购增持专项贷款。 ...

格隆汇12月17日丨卓创资讯(301299.SZ)在投资者互动平台表示，目前公司无回购增持专项贷款。 ...

Core Viewpoint - Zhuochuang Information (卓创资讯) has been preparing for its dual listing in Hong Kong for nearly four months, but its stock performance in the A-share market has been lackluster, with a decline from 56.59 to 53.64 yuan per share over the past nine trading days [1][3]. Group 1: Company Performance - Zhuochuang Information announced a cash dividend of 0.10 yuan per share for Q3 2025, with a total of 300 million yuan distributed in three dividends since its listing [4]. - The company's stock price has increased from 29.99 yuan at its IPO in October 2022 to 53.64 yuan as of December 11, 2025, representing a growth of over 1.78 times, with a total market capitalization of approximately 3.239 billion yuan [4]. - Revenue figures for Zhuochuang Information from 2022 to 2024 were 273 million yuan, 284 million yuan, and 294 million yuan, with year-on-year growth rates of 3.9% and 3.8%, indicating stable growth [4]. - In the first eight months of 2025, the company achieved revenue of 229 million yuan, reflecting a year-on-year growth rate of 18.77% [5]. Group 2: Industry Position - Zhuochuang Information holds a significant position in the Chinese bulk commodity information service industry, ranking second with a market share of 10.6% as of 2024, and is the leader in the energy commodity sector [6]. - The company's overseas revenue has increased from 19.59 million yuan in 2022 to 32.72 million yuan in 2024, with the overseas revenue share rising from 7.18% in 2023 to 10.12% in 2024 [10]. Group 3: Challenges and Future Prospects - Zhuochuang Information's journey to list on the Hong Kong Stock Exchange is uncertain, with past experiences of delays and challenges during its A-share listing process [7][8]. - The company faces questions regarding its fundraising efficiency and project delays, as significant funds raised in the A-share market remain underutilized [11]. - New projects, including a large commodity big data platform and a price benchmark system, have been delayed, with completion dates pushed to 2027 and December 2025, respectively [11].

Market Overview - The digital media sector increased by 0.37% on December 10, with Sanliuwang leading the gains [1] - The Shanghai Composite Index closed at 3900.5, down 0.23%, while the Shenzhen Component Index closed at 13316.42, up 0.29% [1] Stock Performance - Key stocks in the digital media sector showed varied performance, with Sanliuwang (300295) closing at 14.49, up 4.77% on a trading volume of 221,600 shares and a turnover of 316 million yuan [1] - Other notable performers included Zhangyue Technology (603533) at 20.20, up 3.17%, and Xinhua Net (603888) at 19.51, up 0.67% [1] Capital Flow - The digital media sector saw a net inflow of 32.75 million yuan from institutional investors, while retail investors experienced a net outflow of 60.47 million yuan [2][3] - The capital flow data indicates that institutional investors were net buyers, while retail investors were net sellers in the sector [2][3] Individual Stock Capital Flow - Zhangyue Technology (603533) had a net outflow of 48.57 million yuan from institutional investors, while it attracted a net inflow of 4.38 million yuan from speculative funds [3] - Xinhua Net (603888) experienced a net inflow of 20.32 million yuan from institutional investors, indicating strong interest [3]

Core Viewpoint - The company, Zhaochuang Information, is a leading provider of commodity information services in China, focusing on data monitoring, price evaluation, and industry analysis in the commodity market [2][7]. Group 1: Company Overview - Zhaochuang Information was established on April 22, 2004, and went public on October 19, 2022. It is headquartered in Zibo, Shandong Province [7]. - The company's main business segments include information services (57.19%), digital services (20.98%), exhibition services (12.08%), consulting services (9.74%), and others (0.01%) [7]. - As of September 30, 2025, the company had 11,800 shareholders, a decrease of 15.79% from the previous period, with an average of 3,025 circulating shares per person, an increase of 18.76% [7]. Group 2: Financial Performance - For the period from January to September 2025, Zhaochuang Information achieved a revenue of 263 million yuan, representing a year-on-year growth of 19.91% [7]. - The net profit attributable to the parent company was 49.52 million yuan, a decrease of 5.93% year-on-year [8]. - The company has distributed a total of 325 million yuan in dividends since its A-share listing [9]. Group 3: Recent Developments - The company has developed a HarmonyOS version of its Zhaochuang Information APP and Zhaochuang News APP, which are expected to be launched in the application market soon [2]. - Zhaochuang Information has completed the localized deployment of the DeepSeek series large models, transitioning from technology introduction to practical application [3]. - The company has launched an AI platform and automated information production tools, significantly enhancing analysts' work efficiency and improving product experience for clients [3]. Group 4: Market Activity - On December 10, the stock price of Zhaochuang Information fell by 0.42%, with a trading volume of 22.095 million yuan and a turnover rate of 0.71%, resulting in a total market capitalization of 3.331 billion yuan [1]. - The main capital flow showed a net outflow of 404,000 yuan today, with a ranking of 6 out of 14 in the industry, indicating a reduction in main capital over three consecutive days [4][5].

Core Viewpoint - International crude oil futures prices experienced a sudden drop, with WTI crude oil falling below $60, indicating a bearish trend in the market [1]. Price Movements - As of 20:00, WTI crude oil, ICE Brent crude, and ICE light low-sulfur crude all declined by approximately 1% [1]. - WTI crude oil was reported at $59.46, down by $0.62 or 1.03% [2]. - ICE light low-sulfur crude opened at $59.88, closing at $59.11, reflecting a decrease of $0.67 or 1.12% [3]. Market Analysis - Analysts noted that the recent fluctuations in the European situation, combined with increased oil inventories in the U.S. and the impact of the Thanksgiving holiday, have led to a subdued trading environment, resulting in a narrow trading range for oil prices [3]. - A report from Yong'an Futures indicated that the lack of clear progress in the Russia-Ukraine agreement could lead to a significant rebound in Russian oil exports, potentially exerting downward pressure on oil prices [4]. - The OPEC+ decision to continue increasing production by 137,000 barrels per day in December, with a pause in increases planned for the first quarter of next year, suggests ongoing supply surplus pressures, indicating a risk of downward price adjustments in the fourth quarter and the first quarter of the following year [4].

Core Points - The National Development and Reform Commission announced a reduction in domestic gasoline and diesel prices by 55 yuan per ton, effective from December 8 at 24:00, marking the eleventh price cut of the year [1] - The price adjustments will lead to a decrease in consumer fuel costs, with specific reductions of 0.04 yuan for 92 gasoline, 0.05 yuan for 95 gasoline, and 0.05 yuan for 0 diesel [1] Summary by Category Consumer Impact - For private car owners, filling a 50L tank of 92 gasoline will cost approximately 2 yuan less [3] - For a vehicle that runs 2000 kilometers per month with an average fuel consumption of 8L per 100 kilometers, the fuel cost will decrease by about 6 yuan before the next price adjustment [3] - In the logistics sector, a heavy truck running 10,000 kilometers per month with a fuel consumption of 38L per 100 kilometers will see a reduction of around 89 yuan in fuel costs before the next price adjustment [3] Market Analysis - According to Zhuo Chuang Information, the current pricing cycle has been influenced by mixed market factors, including occasional disturbances in Europe and increased oil inventory in the U.S., leading to a narrow fluctuation in oil prices [3] - The analysis indicates that the market should pay attention to the Federal Reserve's interest rate cuts, as a weakening dollar may support long-term oil price increases, while short-term international oil prices are expected to maintain a strong trend [3] - The next price adjustment window is scheduled for December 22 at 24:00 [3]

Core Viewpoint - Domestic pig prices in China are experiencing mixed trends, with increases in the Northeast, Southwest, and South regions, while slight declines are observed in the East and North regions [1] Price Trends - On December 8, the expected price increase in the southern region is between 0.1-0.2 yuan per kilogram, while the central region is seeing a general decline of 0.05-0.1 yuan per kilogram [1] - The demand in the southern region is supported by the seasonal increase in demand for cured meats as temperatures drop [1] Regional Analysis - The South region is showing a weak to strong price trend due to increased demand, while the central region is facing limited consumption growth and insufficient rebound in prices due to ongoing conventional pig diseases [1]

Core Viewpoint - The domestic retail price of refined oil is expected to decrease for the tenth time this year due to the sustained negative change rate of international crude oil prices during the current pricing cycle [3][4]. Group 1: Pricing Cycle and Market Conditions - During the pricing cycle from November 24, 2025, to December 8, 2025, international crude oil prices have shown narrow fluctuations, with the change rate remaining in negative territory [3][4]. - As of December 5, the reference crude oil change rate was -1.24%, leading to a potential reduction of 55 yuan per ton for gasoline and diesel retail prices, effective at 24:00 on December 8 [4][8]. - The price adjustments will result in a decrease of approximately 0.04 yuan for 92 gasoline, 0.05 yuan for 95 gasoline, and 0.05 yuan for 0 diesel per liter [4][8]. Group 2: Impact on Consumers and Logistics - For a small private car with a 50-liter fuel tank, filling up with 92 gasoline will cost about 2 yuan less after the price adjustment [4][8]. - For a small private car running 2,000 kilometers per month with a fuel consumption of 8 liters per 100 kilometers, the total fuel cost will decrease by approximately 3 yuan before the next pricing window on December 22 [4][8]. - In the logistics sector, a heavy truck running 10,000 kilometers per month with a fuel consumption of 38 liters per 100 kilometers will see a reduction of about 89 yuan in fuel costs before the next price adjustment [4][8]. Group 3: Future Outlook - Attention is shifting towards the Federal Reserve's interest rate cuts, with a weaker dollar potentially providing long-term support for crude oil prices, while short-term oil prices are expected to maintain a strong trend [5][9]. - The new pricing cycle is anticipated to start with a positive change rate, with an expected increase of 75 yuan per ton on the first day, with the next adjustment window set for December 22 [5][9].

Group 1 - The planned slaughter volume in December for the breeding sector is expected to increase by 3.77% month-on-month, with the largest increase in Fujian Province at 14.50% and the largest decrease in Zhejiang Province at 36.09% [2][4] - The increase in slaughter volume is driven by the release of production capacity and the push from large breeding enterprises to meet annual sales targets, leading to a higher supply of pigs [4][5] - Despite the anticipated increase in demand for pigs in December due to seasonal factors, the overall supply is expected to exceed demand, putting downward pressure on pig prices [7] Group 2 - December is expected to see a significant increase in pig slaughter volume compared to November, influenced by seasonal demand and traditional consumption patterns [5] - However, due to demographic changes and rising living standards, the demand for traditional cured meats is decreasing, which may limit the expected increase in demand for pigs [5][7] - As of December 4, the average price of pigs has dropped to 11.18 yuan per kilogram, indicating a reversal of earlier price increases, with expectations of continued downward pressure on prices despite entering the consumption peak season [7]