Core Points - On December 1, a NIO EC6 vehicle was involved in a collision in Shanghai, resulting in the rear half of the vehicle breaking apart [1] - The vehicle suddenly changed lanes and collided with a concrete barrier, leading to damage to both the barrier and the vehicle [3] - The vehicle's safety systems, including airbags, functioned properly during the incident, and there was no fire [1][3] Company Response - NIO's official account provided a statement regarding the accident, confirming that the vehicle was not in autonomous driving mode at the time of the collision [3] - NIO staff received alerts from the vehicle's safety system and promptly assisted the users at the accident scene and hospital [3] - The company expressed concern for the users affected and committed to providing ongoing support while cooperating with authorities in the investigation [3]

Market Overview - A-shares experienced a collective decline with the Shanghai Composite Index down by 0.55%, the Shenzhen Component Index down by 0.77%, and the ChiNext Index down by 0.88% [1] - In the Hong Kong market, indices showed mixed performance, with the Hang Seng Technology Index experiencing a rapid decline, particularly in NIO and Xpeng Motors [1] Consumer Sector Performance - Certain consumer stocks saw gains, with Hai Xin Food, Tongqinglou, and Gaole Co. reaching their daily limit up, while other companies like Maoye Commercial and Qixin Group also experienced increases [4][5] - The ice and snow tourism index strengthened, with Ice Mountain Cold (涨停) showing significant growth [6] Commercial Aerospace Sector Activity - The commercial aerospace sector became active, with Aerospace Development achieving 9 out of 13 trading days with price increases, alongside other companies like Yaguang Technology and Leike Defense also seeing gains [7][8] - The establishment of a dedicated Commercial Aerospace Department by the National Space Administration aims to enhance the management of the commercial aerospace industry, with a plan to develop a comprehensive commercial aerospace system by 2027 [8][9] Bond Market Update - The bond "21 Vanke 06" experienced a significant drop of 30.26%, leading to a temporary suspension of trading due to the price decline exceeding 30% [10] - Vanke's recent agreements with its major shareholder regarding loan limits and asset pledges have raised concerns in the market, contributing to the bond's price drop [10]

2025 年 12 月 2 日 行业研究 年底旺季效应趋弱，小鹏首款超级增程车型 X9 上市 ——新势力 11 月销量跟踪报告 要点 11 月新势力交付数据披露：1）小鹏交付量同比+18.9%/环比 -12.6%至 36,728 辆；2）蔚来交付量同比+147.9%/环比-10.2%至 36,275 辆（NIO 品牌同比 +18.7%/环比+8.9%至 18,393 辆、乐道品牌同比+132.1%/环比-32.0%至 11,794 辆）；3）理想交付量同比-31.9%/环比+4.5%至 33,181 辆。 小鹏首款超级增程车型 X9 上市：11/20 小鹏大七座 MPV X9 超级增程车型正式 上市，上市 1 小时突破 X9 历史全天大定纪录。我们判断，小鹏通过"大电池+ 全域高压平台"打造增程技术差异化，小鹏有望通过陆续推出更多超高性价比的 "一车双能"车型覆盖更多细分市场。 作者 分析师：倪昱婧，CFA 执业证书编号：S0930515090002 021-52523876 niyj@ebscn.com 分析师：邢萍 执业证书编号：S0930525050001 021-52523838 xingping@e ...

12月2日，港股早盘高开高走冲高回落，截止午盘，恒生指数涨0.11%报26060.63点，恒生科技指数跌 0.53%报5614.77点，国企指数跌0.02%报9170.69点，红筹指数涨0.41%报4263.02点。 盘面上，大型科技股走势分化，阿里巴巴涨1.55%，腾讯控股跌0.4%，京东集团跌1.02%，小米集团涨 0.65%，网易涨0.54%，美团跌2.91%，快手涨0.95%，哔哩哔哩跌1.25%；石油股涨幅居前，中海油涨超 2%；苹果概念活跃，瑞声科技涨超4%；濠赌股齐涨，煤炭股、保险股、军工股多数活跃。另外，半导 体芯片股走低，龙头中芯国际跌超1%，医药类股集体弱势，三大航空股齐跌。新能源汽车股普跌，蔚 来跌超6%，小鹏汽车跌逾5%。 企业新闻 比亚迪股份(01211.HK)：前11月新能源汽车产量约411.76万辆，同比增长7.29%；销量约418.2万辆，同 比增长11.3%。 吉利汽车(00175.HK)：前11个月的汽车总销量为278.78万辆，同比增长42%。11月的汽车总销量为31.04 万辆，较去年同期增长约24%。 蔚来-SW(09866.HK)：前11月交付27.79万辆汽车，同 ...

（原标题：A股三大指数飘绿，福建板块逆势走强，嘉戎技术、招标股份20CM涨停） 12月2日，A股三大指数集体低开，截至午盘，A股主要板块指数飘绿，沪深两市半日成交额超1万亿，预计全日成交额1.65万亿，较昨日缩量超 2300亿，全市场超3900股下跌，近1300股上涨。 盘面上，A股市场福建股逆势走强，嘉戎技术20CM涨停，航天发展、平潭发展、榕基软件等集体涨停，海峡创新涨超10%。 资金"抱团"近期热门股。商业航天板块震荡拉升，招标股份20CM涨停，金富科技走出7连板，截至午盘，该股报24.83元/股，涨停板上封单超8万 手。至此，该股已连续7个交易日涨停。公司日前提示，当前公司股票价格短期涨幅较大，可能存在市场情绪过热的情形，可能存在非理性炒作风 险。 连板指数走强，海王生物5连板，道明光学、通宇通讯4连板，瑞玛精密等3连板。人造肉概念海欣食品再度涨停。 房地产板块走强，华夏幸福涨停，世联行涨近7%，多股跟涨。家具板块普涨，其中，好莱客10CM涨停，*ST亚振涨5%涨停。冰雪产业板块短线 拉升，冰山冷热直线涨停，晶雪节能、大连圣亚、雪人集团、长白山跟涨。算力硬件股盘中回暖，赛微电子涨超14%，续创历史新高 ...

12月2日，A股三大指数集体低开，截至午盘，A股主要板块指数飘绿，沪深两市半日成交额超1万亿， 预计全日成交额1.65万亿，较昨日缩量超2300亿，全市场超3900股下跌，近1300股上涨。 盘面上，A股市场福建股逆势走强，嘉戎技术（301148）20CM涨停，航天发展（000547）、平潭发展 （000592）、榕基软件（002474）等集体涨停，海峡创新（300300）涨超10%。 资金"抱团"近期热门股。商业航天板块震荡拉升，招标股份（301136）20CM涨停，金富科技 （003018）走出7连板，截至午盘，该股报24.83元/股，涨停板上封单超8万手。至此，该股已连续7个 交易日涨停。公司日前提示，当前公司股票价格短期涨幅较大，可能存在市场情绪过热的情形，可能存 在非理性炒作风险。 连板指数走强，海王生物（000078）5连板，道明光学（002632）、通宇通讯（002792）4连板，瑞玛精 密（002976）等3连板。人造肉概念海欣食品（002702）再度涨停。 房地产板块走强，华夏幸福（600340）涨停，世联行（002285）涨近7%，多股跟涨。家具板块普涨， 其中，好莱客（603898）10 ...

盘面上，汽车服务、消费单子、煤炭、保险、AI手机概念等板块开盘活跃；贵金属、商业百货、有色金属、光伏设备、光刻机概念等板块开盘走低。 港股方面，恒生指数和恒生科技指数均飘红，科网股普遍走强，快手涨近5%，阿里巴巴涨近3%，小米集团涨超1%，腾讯控股、百度集团等微涨。新能源 车概念股走弱，蔚来跌近6%，小鹏汽车跌超3%。三生制药跌超4%，中芯国际跌超1%。 12月2日，A股三大指数小幅低开。 | 代码 | 名称 | | 最新 | 涨幅 | | --- | --- | --- | --- | --- | | 399001 | 深证成指 | | 13111.79 | -0.27% | | 000001 | 上证指数 | | 3905.78 | -0.21% | | 399006 | 创业板指 | œ | 3089.22 | -0.11% | AI手机概念延续强势 盘初，AI手机概念延续强势，道明光学4连板，福蓉科技2连板，中兴通讯、传音控股跟涨。 消息面上，中共福建省委关于制定福建省国民经济和社会发展第十五个五年规划的建议发布。其中提到，持续深化国资国企改革。实施新一轮国有企业改 革专项行动。 商业航天板块局部延续 ...

记者丨江佩霞 易妍君 见习记者张嘉钰 编辑丨刘巷 12月2日，A股三大指数集体低开，截至午盘，A股主要板块指数飘绿，沪深两市半日成交额超1万亿，预计全日成交额1.65万亿，较昨日缩量 超2300亿，全市场超3900股下跌，近1300股上涨。 资金"抱团"近期热门股。商业航天板块震荡拉升， 招标股份20CM涨停，金富科技走出7连板， 截至午盘，该股报24.83元/股，涨停板上封单 超8万手。至此，该股已连续7个交易日涨停。 公司日前提示，当前公司股票价格短期涨幅较大，可能存在市场情绪过热的情形，可能存在非理 性炒作风险。 连板指数走强，海王生物5连板，道明光学、通宇通讯4连板，瑞玛精密等3连板。人造肉概念海欣食品再度涨停。 | 内地股票 | | | | --- | --- | --- | | 行情 | 资金净流入 | 涨跌分布 | | 上证指数 | 深证成指 | 北证50 | | 3892.55 | 13045.95 | 1404.73 | | -21.46 -0.55% -100.76 -0.77% | | -4.06 -0.29% | | 科创50 | 创业板指 | 万得全A | | 1320.98 | 3 ...

沪深两市半日成交额1.05万亿，较上个交易日缩量1796亿。全市场近4000只个股下跌。 $\mathbf{E}_{\rm f}(\mathbf{x})=\mathbf{E}_{\rm f}(\mathbf{x})$. 2025.12. 02 本文字数：1125，阅读时长大约2分钟 作者 | 一财 阿驴 11:31 A股午盘丨创业板指半日跌近1% 截至午盘，沪指跌0.55%，深成指跌0.77%，创业板指跌0.88%。 盘面上，福建本地股再度爆发，招标股份、平潭发展等多股涨停。医药商业、海南自贸区、旅游及酒 店、AI手机等板块涨幅居前；能源金属、游戏、教育等板块走弱。 | 代码 | 名称 | 福长中昌 | EM 作 | | --- | --- | --- | --- | | 301148 | 嘉戒技术 | +20.01% | 47.57 | | 301136 | 招标股份 | +20.00% | 19.92 | | 300605 | 恒锋信息 | +11.66% | 19.53 | | 300300 | 海峡创新 | +11.07% | 18.06 | | 002702 | 海欣食品 | +10.05% | 8 ...

Core Insights - The Ministry of Commerce and the Ministry of Finance have jointly announced the list of "Pilot Cities for International Consumption Environment Construction," with Shanghai leading the Yangtze River Delta as an international consumption center, while Nanjing and Hangzhou have made their debut on the list [1][3][4] Group 1: Consumption Landscape - Shanghai remains at the top of the consumption hierarchy, with projected international tourism revenue of $11.09 billion in 2024, a growth of 79.3%, and domestic tourism revenue of approximately ¥497.26 billion, a growth of 35.2% [3] - Hangzhou is recognized as the "E-commerce Capital," with online retail sales exceeding ¥1 trillion in 2022, supported by over 128 e-commerce platforms and 1.25 million online stores [3][4] - Nanjing excels in offline shopping districts and cultural scenes, with a focus on revitalizing historical areas and enhancing night economy, leading to a higher density of cultural offerings compared to similar cities [4] Group 2: Absence of Strong Manufacturing Cities - Notable absences from the pilot list include major manufacturing cities like Suzhou, Ningbo, and Wuxi, which, despite their economic strength, have not developed corresponding international consumption environments [5][6] - Suzhou is projected to surpass ¥1 trillion in retail sales in 2024, yet its service sector's contribution to GDP is only about 52.4%, indicating a reliance on manufacturing income rather than a robust consumer market [5][6] - Ningbo and Wuxi also exhibit similar trends, with low inbound tourism numbers and a lack of international consumption experiences, highlighting a disconnect between industrial strength and consumer engagement [5][6] Group 3: Regional Consumption Gradient - The Yangtze River Delta has established a preliminary consumption gradient, with Shanghai at the internationalization peak, followed by Hangzhou and Nanjing as innovation hubs, while Suzhou, Ningbo, and Wuxi lag behind in consumer engagement [6][7] - This entrenched structure may weaken the overall domestic demand potential of the Yangtze River Delta and create new imbalances in urban capabilities and regional roles [6] Group 4: Challenges in Consumption Coordination - Despite advancements in transportation integration, the consumption landscape has not evolved correspondingly, with a lack of clear regional consumption function division [7][8] - The absence of a unified data framework hampers regional collaboration, as cities rely on disparate data sources, leading to a fragmented understanding of consumer behavior across the region [8] Group 5: Recommendations for Regional Benefits - To transform the pilot cities' advantages into regional benefits, it is essential to address institutional shortcomings and establish unified standards for cross-city operations [9][10] - Shanghai should continue to serve as a global entry point, while Nanjing and Hangzhou can focus on cultural and digital consumption experiences, respectively, to create a cohesive regional consumption ecosystem [9][10] - Developing a regional consumption big data platform could enhance policy precision and foster sustainable cross-city consumption habits [10]