A股2025年收官：上证指数11连阳

Market Performance - The Shanghai Composite Index closed at 3968.84 points on the last trading day of 2025, marking an 11-day consecutive rise with a slight increase of 0.09% [1] - For the entire year, the Shanghai Composite Index rose by 18.41%, the Shenzhen Component Index increased by 29.87%, and the ChiNext Index surged by 49.57% [1] Sector Performance - The cultural media and commercial aerospace sectors led the gains on the last trading day, with the cultural media sector rising by 3.11% and a net capital inflow of 95.93 billion yuan, while the commercial aerospace sector increased by 2.77% with a net inflow of 122.35 billion yuan [2] - The cultural media sector is expected to benefit from the upcoming three-day New Year holiday in 2026, which is anticipated to significantly boost consumption in the cultural and tourism sectors [2] - The film industry in China achieved a total box office of over 50 billion yuan in 2025, driven by popular films, and is expected to maintain high audience enthusiasm as the Spring Festival approaches [2] Aerospace Industry Insights - The successful launch of the Practice-29 satellite by the Long March 7 rocket at the Wenchang Space Launch Site has reignited market enthusiasm for the commercial aerospace sector [3] - The commercial aerospace sector has expanded into various primary industries, including machinery, automotive, and battery sectors, and is integrating new technologies such as photovoltaics [3] - Market attention towards the commercial aerospace sector is driven by policy support and developments in the industry chain, particularly in low-orbit satellite launches [3]