上证早知道｜央行出手，10000亿元！电解液核心原料价格大涨！国产GPU龙头沐曦股份申购

Monetary Policy - The People's Bank of China announced a 1 trillion yuan reverse repurchase operation on December 5, 2025, to maintain liquidity in the banking system, with a term of 3 months (91 days) [2][4]. Industry Events - The 2025 European Society for Medical Oncology Asia Congress will be held in Singapore from December 5 to 7, 2025, focusing on high-level oncology education [2]. - The 2025 Second Phosphorus-Lithium Industry High-Quality Development Conference will take place in Guiyang, China, from December 5 to 7, 2025, with the theme "Innovation-Driven, Green Symbiosis" [2]. Company News - Angrui Microelectronics is set to launch its IPO today with a price of 83.06 yuan and a subscription limit of 3,500 shares, despite being unprofitable and having a price-to-sales ratio of 3.93 [2]. - Muxi Co., Ltd. is also launching its IPO today at a price of 104.66 yuan with a subscription limit of 6,000 shares, showing a high price-to-sales ratio of 56.35 and focusing on integrated GPU products [2]. - ST Xianhe will suspend trading on December 5 and resume on December 8, with its stock name changing from "ST Xianhe" to "Xianhe Environmental Protection" [12]. - Zhongwei Electronics is planning a change in control, leading to a suspension of trading starting December 5 [12]. - Kelun Pharmaceutical's subsidiary has established a strategic partnership with Crescent Biopharma for cancer treatment development, involving an upfront payment of $80 million and potential milestone payments of up to $1.25 billion [12]. - Beijie Te's subsidiary plans to acquire a controlling stake in Yunnan Wenye Nonferrous Metals Co., focusing on antimony mining and processing [12]. Market Trends - Chlorosulfonic acid prices have surged by 9.87% to 2,382 yuan per ton, marking a 66.69% increase from the previous month, driven by demand in lithium battery electrolyte production [7]. - The domestic recoverable rocket era is beginning, with significant advancements expected in the commercial space sector, including upcoming tests for reusable rockets [9]. - The first batch of AI phones from Doubao has sold out quickly, indicating strong market interest and potential for future AI-integrated hardware ecosystems [11].