Market Overview - On December 23, the market experienced a pullback after a rise, with major indices briefly turning negative. The Shanghai Composite Index recorded five consecutive days of gains, while the ChiNext Index rose by 0.41%. The total trading volume in the two markets reached 1.9 trillion yuan, continuing to increase, but nearly 3,900 stocks declined, indicating poor profitability across the market [1] ETF Performance - The Green Energy ETF (562010) and Smart Electric Vehicle ETF (516380) saw price increases of 1.04% and 0.91%, respectively, reflecting strong performance in the lithium battery sector [2] - The Precious Metals sector continued to strengthen, with international gold and silver prices reaching historical highs. The largest ETF tracking the non-ferrous metals index, Huabao (159876), saw its price rise over 2%, breaking its previous high since listing [3] - The Non-ferrous Metals ETF (159876) has increased by 87% since its low on April 8, significantly outperforming major indices like the Shanghai Composite Index (26.59%) and CSI 300 (28.73%) [5] Sector Analysis - The semiconductor sector remains active, with leading stocks like North China Innovation rising nearly 5%, driven by supply shortages and price increases in memory chips [3] - The commercial aerospace sector experienced a sudden drop, particularly affecting the high-profile military industry ETF Huabao (512810), which fell by 1.37% due to a recent rocket launch event [15] - Financial technology continues to see strong interest, with the largest ETF in this category (159851) receiving a net subscription of 159 million units, indicating high investor enthusiasm [3][20] Investment Outlook - Institutions are optimistic about the upcoming spring market rally, as uncertainties surrounding U.S. economic data and interest rate hikes have diminished. Global liquidity expectations have improved, and risk appetite is recovering [3] - The non-ferrous metals sector is expected to enter a long-term bullish phase, supported by limited supply and increasing demand driven by global energy transitions and infrastructure investments [10][11] - The financial technology sector is poised for growth, with significant inflows expected as the A-share market's trading volume has surpassed 405 trillion yuan for the first time, indicating a vibrant capital market [22]

（文章来源：证券日报） 证券日报网讯 12月23日，上海瀚讯发布公告称，公司第四届董事会第一次临时会议审议通过《关于选 举公司第四届董事会董事长的议案》等多项议案。 ...

后续还有机会吗？分析人士指出，市场整体还是以震荡结构看待为宜，当前商业航天或仍处于密集催化 期，或可重点关注其所在的军工板块回调整理过程中的低吸机会。东方证券、中信建投、华泰证券等多 家机构最新策略均提及军工板块机遇。 东方证券认为，军工行业已企稳向好，"十五五"军民贸有望共振。经历了2023~2024年的行业需求不 振，2025年军工行业企稳有所复苏，产业链营收重回增长，内部结构出现分化的趋势有望延续。2026年 是新五年规划的开局年，有望实现军民贸需求共振。 【八一军工，大展宏图】代码有"八一"的军工ETF华宝（512810）（原国防军工ETF）覆盖"商业航天 + 可控核聚变 + 低空经济 + 大飞机 + 深海科技 + 军用AI "等诸多热门主题，同时是融资融券+互联互通标 的，是一键投资军工核心资产的高效工具。 数据来源：沪深交易所等。 连涨四日后，军工板块今日（12月23日）迎来回调，场内高人气军工ETF华宝（512810）收跌1.37%止 步四连阳，全天成交6396万元。昨日该ETF场内价格刚创下9月4日以来新高。 军工ETF华宝（512810）覆盖海陆空天核心军工资产，80只成份股65跌2平13涨 ...

Group 1 - Shanghai Hanxun (SZ 300762) announced the release of 7.92 million shares from pledge by its controlling shareholder, Shanghai Shuangyou Information Technology Co., Ltd. [1] - As of the announcement date, Shanghai Shuangyou has a total of 7.5 million shares pledged, accounting for 6.73% of its total holdings [1] - For the first half of 2025, Shanghai Hanxun's revenue composition is 99.79% from the broadband mobile communication industry and 0.21% from other businesses [1] - The current market capitalization of Shanghai Hanxun is 20.8 billion yuan [1]

Group 1 - A-shares' three major indices closed in the green on December 23, with the energy metals, battery, fiberglass, electronic chemicals, and precious metals sectors leading the gains, while tourism, education, real estate services, aerospace, and software development sectors saw declines [1] - The main funds in the Shanghai and Shenzhen markets experienced a net outflow of 32.218 billion yuan, with six industries receiving net inflows, led by the power equipment industry with a net inflow of 3.656 billion yuan [1] - The defense and military industry, along with the electronics sector, saw the largest net outflows, each exceeding 5 billion yuan, while the communications, computer, and automotive sectors also faced significant outflows [1] Group 2 - Eight stocks received net inflows exceeding 500 million yuan, with Duofuduo leading at 1.248 billion yuan, benefiting from the strong performance of lithium battery concepts [2][3] - The price of battery-grade lithium carbonate rose significantly in November, with an increase of 13.58% from 81,000 yuan/ton to 92,000 yuan/ton, and futures contracts saw a rise of 17.19% [2] - The stock N Nabachuan, which debuted on the same day, saw a remarkable increase of 408.17% and focuses on thermal management products for electric vehicle batteries and fuel vehicles [5] Group 3 - The top stocks with net inflows included Duofuduo, Yingweike, and Ningde Times, with respective inflows of 1.248 billion yuan, 1.035 billion yuan, and 884 million yuan [3] - The stocks with the highest net outflows included Shanzigaoke, Shanghai Hanxun, and Lingyizhi, with outflows of 1.134 billion yuan, 1.062 billion yuan, and 941 million yuan respectively [4] - The tail-end trading session saw significant net inflows in the power equipment sector, with notable inflows from Aerospace Development and Baobian Electric [6][7]

证券日报网讯 12月23日，上海瀚讯在互动平台回答投资者提问时表示，公司高度重视与投资者的沟通 交流，所有提问均会通过法定渠道进行审慎梳理与回复。部分涉及未公开重大信息的提问，为保障所有 投资者公平获取信息的权利，需遵循信息披露合规原则，通过定期报告或公告等形式统一披露。公司正 持续优化互动机制。 （文章来源：证券日报） ...

Group 1 - The company is actively responding to the national aerospace strategy and opportunities in commercial aerospace development [2] - The company has long-term technical accumulation and engineering practice experience in satellite communication [2] - The company has developed supporting capabilities in key areas of low Earth orbit satellite constellation systems and continues to invest in R&D and technology iteration [2] Group 2 - The company plans to closely follow industry trends and leverage its advantages to cautiously plan and steadily advance its business layout and development [2] - Future progress will be disclosed through official company announcements [2]

证券代码：300762 证券简称：上海瀚讯 公告编号：2025-073 上海瀚讯信息技术股份有限公司 关于计提资产减值准备的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假 记载、误导性陈述或重大遗漏。 本次计提减值准备的资产范围和金额 公司 2025 年 10 月 1 日-2025 年 11 月 30 日计提减值准备合计人民币 14,056,057.88 元。明细如下表： 单位：元 | 科目名称 | 期初账面余额(2025 年 10 月 1 日) | 本期增加（2025 年 10 月 1 日-2025 年 11 月 | 期末账面余额（2025 年 11 月 30 日） | | --- | --- | --- | --- | | | | 30 日） | | | 应收票据坏账准备 | 8,909,760.65 | 181,552.00 | 9,091,312.65 | | 应收账款坏账准备 | 325,109,461.78 | 14,878,697.15 | 339,988,158.93 | | 其他应收款坏账准备 | 10,733,193.33 | -57,243.47 | 10,67 ...

截至公告披露日，上述股东所持质押股份情况如下： 证券代码：300762 证券简称：上海瀚讯 公告编号：2025-075 上海瀚讯信息技术股份有限公司 关于公司控股股东部分股份解除质押的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假 记载、误导性陈述或者重大遗漏。 上海瀚讯信息技术股份有限公司（以下简称"公司"或"本公司"）近日接 到公司控股股东上海双由信息科技有限公司（以下简称"上海双由"）的函告， 获悉上海双由所持有本公司的部分股份被解除质押。具体事项如下： | | 是否为控股 | 本次解除 | 占其所 | 占公司 | | | | | --- | --- | --- | --- | --- | --- | --- | --- | | 股东 | 股东或第一 | 质押股份 | | | | 解除日 | 质权人/申请 | | 名称 | 大股东及其 | 数量 | 持股份 | 总股本 | 起始日 | 期 | 人等 | | | | | 比例(%) | 比例(%) | | | | | | 一致行动人 | （股） | | | | | | | 上海 双由 | 是 | 7,920,00 0 | 7.10 ...

证券代码：300762 证券简称:上海瀚讯 公告编号：2025-070 上海瀚讯信息技术股份有限公司 2025 年第二次临时股东会决议公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假 记载、误导性陈述或重大遗漏。 特别提示 1、 本次股东会不存在否决议案情形。 2、 本次股东会不涉及变更以往股东会已通过的决议。 一、会议召开情况 1、会议召开时间： （1）现场会议召开时间：2025 年 12 月 23 日 14:30 （2）网络投票时间：2025 年 12 月 23 日，其中： ①通过深圳证券交易所交易系统进行网络投票的具体时间为：2025 年 12 月 23 日 9:15-9:25，9:30-11:30，13:00-15:00 ②通过深圳证券交易所互联网投票系统投票的具体时间为：2025 年 12 月 23 日 9:15-15:00 期间的任意时间。 （1） 股东总体出席情况 参加本次股东会现场会议和网络投票表决的股东及股东代理人共 412 人，代 表有表决权的公司股份数合计为 116,628,898 股，占公司有表决权股份总数 627,965,772 股的 18.5725%。 出席 ...