Venture(US:VEMLY) Jin Rong Jie·2025-12-26 01:35Market Overview - On December 26, A-shares showed mixed performance with the Shanghai Composite Index down 0.05% at 3957.83 points, while the Shenzhen Component Index rose 0.06% to 13539.05 points. The ChiNext Index fell 0.21% to 3232.41 points, and the STAR Market 50 Index decreased by 0.22% to 1346.11 points [1] Company News - Xiangrikui plans to acquire Zhangzhou Xipu Material Technology Co., Ltd., but both its Zhangzhou and Lanzhou factories are not operational, contradicting its claims of being a core supplier to many wafer fabs [2] - Shui Jing Fang clarified that reports of a potential acquisition by another liquor company are untrue [2] - Aerospace Intelligent Manufacturing has not yet participated in commercial aerospace projects and is monitoring industry developments for future opportunities [2] - Shanghai Port Construction's main business remains unchanged, with commercial aerospace and perovskite solar business contributing less than 1% to revenue, and not yet profitable [2] Strategic Partnerships - Haike New Source signed a strategic cooperation agreement with Hunan Faenlight New Energy Technology Co., Ltd. for the purchase of 270,000 tons of electrolyte solvents and additives from 2026 to 2028 [3] - Aixin Packaging's major shareholder reduced its stake by 153,050 shares, consistent with its previously disclosed plan [3] - Yichang Technology's major shareholder signed a share transfer agreement, potentially making a new entity the controlling shareholder [3] - Zhongwei Co. signed a strategic cooperation framework agreement with Xinwanda Power Technology Co., Ltd. to collaborate on precursor product technology development and global capacity layout [3] Industry Trends - The Shanghai government is accelerating the development of the aerospace industry, providing funding support for key projects [6] - The People's Bank of China is exploring digital financial cooperation to support the construction of the Western Land-Sea New Corridor [6] - Haike New Source and CATL are involved in significant long-term contracts for electrolyte supply, indicating strong demand in the lithium battery sector [6] - The humanoid robot rental market is emerging, with rental prices significantly decreasing [7] - Major paper companies are planning shutdowns in early 2026, leading to price increases in certain paper products [8] - China's first land-based commercial modular small reactor successfully completed a non-nuclear steam test [9] - A team from the National University of Defense Technology achieved a record speed in magnetic levitation experiments [10] Institutional Insights - Huatai Securities is optimistic about mining service and equipment companies transitioning to mining development, driven by high metal prices and the need for external support [11][12] - Guojin Securities suggests that the medical device sector will focus on overseas expansion and innovation in 2026, highlighting companies with strong product development capabilities [13] - CICC predicts that the photovoltaic sector will see a marginal improvement in supply-demand dynamics in 2026, with leading companies likely to turn profitable [14]