「焦点复盘」银行等权重板块护盘，沪指追平日线连阳历史纪录，AI软硬件分化再现

Market Overview - The A-share market concluded the last trading day of 2025 with a total of 57 stocks hitting the daily limit, while 19 stocks faced limit down, resulting in a limit-up rate of 75% [1] - The market experienced active trading throughout the year, with daily trading volumes exceeding 1 trillion yuan becoming a norm, and a structural "technology bull" market prevailing [1] - The ChiNext Index led the annual performance with a 49.57% increase, while the Shanghai Composite Index broke the 4000-point mark on October 28, reaching a nearly ten-year high [1] - The total market capitalization of A-shares surged to nearly 109 trillion yuan, adding approximately 23 trillion yuan in 2025, setting a historical record [1] Stock Performance Analysis - The stock advancement rate for consecutive limit-up stocks rose to 38.88%, with notable stocks like Tianpu and Shenkai facing pressure due to high-level stock group dynamics [3] - Stocks in the commercial aerospace sector, such as Shenkai and China Satellite, showed strong performance, while consumer sentiment stocks like Xingxing Packaging faced declines [3] - The commercial aerospace sector remains a focal point, with significant interest despite some funds being diverted to lower-tier stocks [5] Key Sector Highlights Commercial Aerospace - The commercial aerospace sector continues to attract attention, with stocks like Shenkai and China Satellite achieving consecutive limit-ups [5][10] - The successful delivery of a superconducting magnet project by Lianchuang Superconducting has further boosted the sector's sentiment [5] Robotics - The robotics sector is gaining traction, with companies like Fenglong and Tai'er achieving consecutive limit-ups due to strong order inflows and strategic partnerships [6][16] - The "first stock of collaborative robots," Yuejiang, has completed its IPO counseling, indicating ongoing interest in the robotics market [6] AI Applications - The AI application sector is heating up, driven by Meta's acquisition of Manus, which reflects the growing commercial value of AI applications [7][13] - Stocks like Nanxing and BlueFocus have recorded significant gains, indicating a robust interest in AI-related investments [7][14] Semiconductor Industry - Changxin Technology has submitted its IPO application to the Sci-Tech Innovation Board, aiming to raise 29.5 billion yuan, which has positively impacted related stocks [8][19] - The semiconductor equipment demand is expected to grow significantly due to the expansion of domestic chip manufacturers [8] Digital Currency - The People's Bank of China announced that starting January 1, 2026, digital RMB wallets will earn interest, marking a significant development in the digital currency landscape [22][23] Market Outlook - The market is experiencing fluctuations, with technology stocks facing adjustments while banking and dividend stocks are performing well [9] - Despite a slight cooling in market sentiment, the presence of low-tier stocks may facilitate the continuation of market hotspots [9]