交巡警总队授牌 12月20日，一张印有"渝AD0001Z"字样的号牌在重庆正式发出。 这张由重庆市公安局交通管理总队授予长安汽车的号牌的意义远超出了行政许可本身。它是首块L3级 自动驾驶专用正式号牌，也意味着，中国智能网联汽车正在剥离模糊的营销话术，正式迈入权责分明的 合规商用时代。 长期以来，自动驾驶行业在L2与L3的界限上始终处于一种微妙的试探期。此次长安汽车获得正式号 牌，并在深蓝汽车上率先落地，实质上是撕开了L3级自动驾驶从技术验证向规模化量产突围的口子。 直到2025 年底，工信部在 12 月 15 日正式对外公布首批 L3 级有条件自动驾驶车型准入许可，长安深蓝 SL03 和北汽极狐阿尔法 S等车型都拿到了正式的入场券。 长安这块"渝AD0001Z"，本质上是把纸面上的准入许可继续向前推进了一步，从工信部的产品准入，走 到了公安交管部门颁发的正式号牌。这意味着：监管链条从工信部扩展到公安、交通等多部门协同，对 车企来说，这也是从迈进"规则游戏"的新起点。 为何是长安？为什么落在重庆？ 那么这块号牌为什么落在重庆、落在长安？ 一头是有"8D 魔幻立体交通"的山城，一头是深耕重庆多年的老牌主机厂。双方 ...

Core Insights - Changan Automobile has officially received the first L3 autonomous driving special license plate "渝AD0001Z" in Chongqing, marking the company's leadership in the L3 autonomous driving era [3] - The L3 autonomous driving system has undergone extensive testing, accumulating over 5 million kilometers on complex real-world roads in Chongqing, with a record of zero accidents and violations [3] Group 1 - The L3 autonomous driving vehicle is authorized to operate on major roadways in Chongqing, including the inner ring expressway and the new inner ring expressway, which are characterized by heavy traffic and complex conditions [4] - Changan has developed its intelligent technology system since 2009, with seven generations of technological iterations focused on safety [3] - The company began developing driving assistance capabilities in 2014 and initiated L3 autonomous driving research in 2017, achieving significant milestones in product testing and safety assessments [3] Group 2 - The testing scenarios for the L3 system include 191 types of elements, exceeding national standards by ten times, with extreme scenarios accounting for 36% of the tests [3] - The successful issuance of the L3 license plate is a result of Changan's rigorous testing and development process, which includes a solid foundation established by obtaining product access permits [3]

Group 1: Institutional Research and Market Performance - A total of 165 listed companies disclosed institutional research records during the week of December 15-19, with approximately half achieving positive returns [1] - The stock with the highest increase from institutional research was Zhenyou Technology, which rose by 21.89%, while nine other companies, including Aerospace Intelligence and Hongmian Co., saw gains exceeding 10% [1] - Popular stocks included Chang'an Automobile, Yipin Hong, and Boying Special Welding, with Chang'an receiving the most institutional investors [1] Group 2: Chang'an Automobile's L3 Approval - Chang'an Automobile received approval for its L3-level conditional autonomous driving model, with 214 institutions participating in its research [2] - The approved model, Deep Blue SL03, will be tested in designated areas of Beijing and Chongqing [2] - Chang'an's L3 capability development began in 2017, with the application for approval submitted in November 2023 [3][4] Group 3: Safety and Commercialization of L3 Technology - The approved model is equipped with advanced 4D imaging millimeter-wave radar, which can replace laser radar under certain conditions [4] - Chang'an plans to limit the autonomous driving speed to 0-50 km/h based on user scenarios and safety considerations [5] - The company aims to complete safety verification and promote industry standards rather than pursuing the technical upper limit [5] Group 4: Boying Special Welding's Institutional Interest - Boying Special Welding hosted four institutional research sessions during the week, with 107 institutions participating [6] - The company focuses on special equipment manufacturing, particularly in anti-corrosion and anti-wear welding equipment for various industrial sectors [6] - Boying Special Welding has developed core technologies for high-frequency oscillation welding, addressing industry pain points in sectors like waste incineration and biomass power generation [6] Group 5: Yipin Hong's Share Sale - Yipin Hong conducted research with 119 institutions following its announcement to sell shares in Arthrosi [8] - Post-transaction, Yipin Hong will retain 100% rights to AR882 in China and priority rights for global production supply [8] - The transaction is expected to close in the first quarter of 2026 after U.S. antitrust approval [8]

Group 1 - The National Development and Reform Commission, along with other regulatory bodies, has issued the "Internet Platform Pricing Behavior Rules" to regulate pricing behaviors on platforms, ensuring that platform operators cannot force or indirectly force sellers to lower prices or use promotional tactics like rebates [2] - The Ministry of Agriculture and Rural Affairs has announced the registration of 1,048 new specialty crop varieties while revoking 226 problematic varieties, enhancing the dynamic management of crop variety registration [2] - The "2026 Outlook on China's Artificial Intelligence Industry Development" predicts that the AI industry in China will continue to grow rapidly, with intelligent computing power expected to exceed 35% of the market share and domestic chips achieving large-scale applications in certain scenarios [2] Group 2 - The world's first commercial supercritical carbon dioxide power generation unit has successfully commenced operation in Guizhou, marking a significant milestone in the demonstration of supercritical carbon dioxide waste heat power generation technology [2] - CNOOC announced that the Bohai Oilfield, China's largest offshore oilfield, is expected to exceed a cumulative production of 40 million tons of oil and gas equivalent by 2025, contributing significantly to national energy security and high-quality economic development [2] - Heilongjiang Electric Power Trading Center reported that in the 2026 electricity export transaction organized by Beijing Electric Power Trading Center, the exported electricity volume reached 14.668 billion kilowatt-hours, a year-on-year increase of 19.3%, with green electricity exports hitting a historical high [2] Group 3 - The world's first L3-level autonomous driving special license plate has been issued in Chongqing, marking the beginning of the L3 autonomous driving era in China, with Changan Automobile having conducted over 5 million kilometers of real-road testing [2] - At the 2025 MUSA Developer Conference, Moore Threads announced that its new generation GPU architecture "Huagang" will see the launch of the "Wushan" and "Lushan" series chips next year, promising significant performance improvements in gaming and AI applications [2]

以下文章来源于e公司 ，作者证券时报 聂英好 周内涨幅最高的机构调研个股为震有科技，本周涨21.89%，航天智造、经纬恒润-W、南京商旅、红棉股份等9家公司涨幅超过10%，其中红棉股份、雪 人集团、德联集团周内实现首板。 热门标的方面，本周有长安汽车、一品红、博盈特焊、华通线缆等4家公司接受百家以上机构调研，其中长安汽车迎来最多机构投资者， 博盈特焊则在一 周之内接待4次机构调研。 长安汽车获得首批L3准入 长安汽车（000625）本周接受214家机构调研，因工信部在12月15日宣布，发放我国首批L3级有条件自动驾驶车型产品准入许可。 极狐汽车与长安汽车 的两款纯电动轿车获得资质，将在北京、重庆指定区域开展上路试点，长安汽车获批车型为旗下深蓝SL03。 e公司 . e公司，证券时报旗下专注上市公司新媒体产品，立志打造A股上市公司资讯第一平台。提供7x24小时上市公司标准化快讯，针对可能影响上市公司股价的 主题概念、行业事件及时采访二次解读，从投资者需求出发，直播上市公司有价值的活动、会议。 来源：e公司 本周（12月15日—12月19日）共有165家上市公司披露机构调研记录，从赚钱效应看，机构调研股涨跌各半， ...

Industry News - The National Development and Reform Commission, the State Administration for Market Regulation, and the National Internet Information Office jointly released the "Internet Platform Pricing Behavior Rules" to promote innovation and healthy development in the platform economy. The rules consist of 7 chapters and 29 articles, aiming to establish a balanced ecosystem with clear responsibilities and orderly competition. In the short term, platforms and merchants will need to adapt, while in the long term, the focus will shift from "subsidies for traffic" to "innovation and quality improvement" for sustainable high-quality development [1][2][3] - The People's Bank of China, along with other local authorities, has introduced a work plan for the "Five Major Financial Articles" in Fujian Province, outlining 18 specific measures to enhance support for technology finance, green finance, inclusive finance, pension finance, and digital finance [2][3] - The first L3-level autonomous driving license plate "渝AD0001Z" was issued in Chongqing to Changan Automobile, marking the start of the L3 autonomous driving era in China. Changan's L3 autonomous driving system has completed over 5 million kilometers of real-road testing in Chongqing [3][4] Company News - Zhiyuan Robotics announced a press conference for its "Qingtian Rental Platform" on December 22, aiming to transform robot leasing into an ecosystem. The company plans to collaborate with various partners to create a new leasing mechanism, allowing users to rent robots on demand [3][4] - ByteDance is reported to have achieved approximately $40 billion in net profit in the first three quarters of 2025, with an expected annual profit of around $50 billion. However, insiders have disputed these figures, indicating significant discrepancies [3][4] - Moore Threads held its first MUSA Developer Conference, focusing on full-function GPUs. The company plans to release a new GPU architecture called "Huagang" in 2026, which will enhance computing power density by 50% and energy efficiency by ten times [3][4] - Beijing Tongrentang Group expressed deep concern over recent media reports regarding "Antarctic Krill Oil" and has initiated an investigation into its subsidiary, Beijing Tongrentang (Sichuan) Health Pharmaceutical Co., Ltd. The company has apologized to consumers and is cooperating with regulatory authorities [4] Research Highlights - CITIC Securities reported that liquid cooling solutions are becoming the mainstream technology for energy saving in data centers, driven by increased power consumption in AI servers and chips. Domestic manufacturers are expected to benefit significantly from the rising demand for liquid cooling in AI data centers [5]

Core Viewpoint - Changan Automobile has entered the L3 level autonomous driving era, receiving approval for its model, the Deep Blue SL03, as part of the first batch of L3 conditional autonomous driving vehicle licenses issued in China [1] Group 1: Company Developments - Changan Automobile conducted research with 214 institutions this week, following the announcement by the Ministry of Industry and Information Technology on December 15 regarding the issuance of the first batch of L3 level conditional autonomous driving vehicle licenses in China [1] - The approved models include Changan's Deep Blue SL03 and vehicles from the Extreme Fox brand, which will conduct road trials in designated areas of Beijing and Chongqing [1] Group 2: Technology and Safety - The approved model is equipped with industry-leading 4D imaging millimeter-wave radar, which can replace laser radar within the operational design conditions (ODC) and performs optimally in five categories of 17 extreme scenarios, such as pedestrian obstruction and adverse weather conditions [1] Group 3: Future Plans - Changan Automobile plans to initiate road trial applications in the first quarter of 2026 in collaboration with Changan Car Union Technology, the entity responsible for usage [1] - The company will begin product approval and market launch for end-users once relevant national regulations and policies are officially implemented [1]

长安汽车（000625）本周接受214家机构调研，因工信部在12月15日宣布，发放我国首批L3级有条件自 动驾驶车型产品准入许可。极狐汽车与长安汽车的两款纯电动轿车获得资质，将在北京、重庆指定区域 开展上路试点，长安汽车获批车型为旗下深蓝SL03。#长安汽车开启L3级自动驾驶时代# 对于L3级自动 驾驶的安全性，长安汽车称，获批车型配备了行业领先的4D成像毫米波雷达，在ODC（设计运行条 件）范围内可替代激光雷达，且在5类17个极限场景（如遮挡行人横穿、前车急刹、恶劣天气）性能行 业最优。长安汽车还谈及关于L3商业化落地的后续规划，公司预计2026年一季度与使用主体长安车联 科技进行上路通行试点应用。在国家相关法规及政策正式发布实施后，长安汽车将开始面向C端用户进 行产品准入和市场投放。（证券时报） ...

厦门钨业（600549）、一品红（300723）、博盈特焊（301468）、华通线缆（605196）、佐力药业 （300181）等个股也获超100家机构调研。厦门钨业近期股价频频创出历史新高，主要受益于钨精矿价 格频创新高。数据显示，江西钨精矿(65%)价格已飙升至43万元/吨上方，相比年初暴涨28.8万元/吨，涨 幅接近两倍。 | 近 | | | -周 (12.12~12.18) 机构调研情况 | | | | --- | --- | --- | --- | --- | --- | | 代码 | 简称 | 调研机构 | 三季报净 | 滚动市盈 | 本周涨跌 | | | | 数(家) | 利同比 | 率(倍) | 幅(%) | | | | | (%) | | | | 000625 | 长安汽车 | 214 | -14.66 | 17.14 | 0. 95 | | 600549 | 厦门钨业 | 172 | 27.05 | 30. 13 | 5. 15 | | 300723 | 一品红 | 119 | 44. 80 | | -23. 69 | | 301468 | 博盈特焊 | 108 | -37.17 | 15 ...

Summary of Key Points Core Viewpoint - This week, 165 listed companies disclosed institutional research records, with about half of the companies experiencing positive returns, indicating a mixed performance in the market. Group 1: Institutional Research and Stock Performance - The highest performing stock from institutional research this week was Zhenyou Technology, which increased by 21.89%, while nine other companies, including Aerospace Intelligence and Hongmian Co., saw gains exceeding 10% [1][8]. - Popular stocks this week included Changan Automobile, Yipin Hong, and Boying Special Welding, with Changan receiving the most institutional investors, totaling 214 [1][10]. Group 2: Changan Automobile's L3 Approval - Changan Automobile received approval for the first batch of L3 conditional autonomous driving vehicle licenses from the Ministry of Industry and Information Technology on December 15, allowing its model, Deep Blue SL03, to conduct road trials in designated areas [10][11]. - The company began its L3 autonomous driving capability research in 2017, with applications starting in 2021, and plans to conduct pilot applications in the first quarter of 2026 [11][13]. Group 3: Boying Special Welding's Technology and Operations - Boying Special Welding hosted four institutional research sessions this week, focusing on its core technology in anti-corrosion and wear-resistant welding equipment, which is widely used in various industrial sectors [5][14]. - The company has developed digital pulse MIG high-frequency oscillation welding technology, which is suitable for high-temperature and corrosive environments, and operates a production line in Vietnam for heat recovery steam generators (HRSG) [6][15]. Group 4: Yipin Hong's Share Sale - Yipin Hong announced plans to sell its stake in Arthrosi, retaining 100% rights to the AR882 drug pipeline in China and priority for global production supply rights [7][16]. - The transaction is expected to be completed in the first quarter of 2026, following U.S. antitrust filings, and the company has significant production facilities to support the supply of AR882 [16].