格隆汇11月26日｜A股市场海南板块集体活跃，其中，康芝药业涨超10%，海南瑞泽、海南海药（维权） 10CM涨停，罗牛山涨超7%，新大洲A、海南矿业、神农种业、海马汽车涨超4%，海德股份、海南橡 胶、海南高速、海汽集团、海峡股份、凯撒旅业（维权）涨超3%。 | | | | | 海南省板块个股 | | | | --- | --- | --- | --- | --- | --- | --- | | 序号 | 代码 | 名称 | | 涨幅% ↓ | 总市值 | 年初至今涨幅% | | 1 | 300086 | 康芝药业 | 1 | 10.67 | 61.85亿 | 177.35 | | 2 | 002596 | 烘壁座史 | 1 | 10.04 | 67.94 Z | 67.23 | | 3 | 000566 | 海南海约 | 1 | 10.00 | 120亿 | 92.90 | | 4 | 000735 | 罗牛山 | 1 | 7.41 | 107亿 | 39.78 | | 5 | 601969 | 一月屋原 | | 4.94 | 242亿 | 73.52 | | 6 | 300189 | 神农种业 | 1 | ...

市 场 研 究 [Table_Title] 万联晨会 [Table_MeetReportDate] 2025 年 11 月 25 日 星期二 [Table_Summary] 概览 核心观点 [Table_MeetContact] 主持人: 宫慧菁 Email: gonghj@wlzq.com.cn 券 研 究 报 告 【市场回顾】周一 A 股三大指数集体收涨，截至收盘，上证综指涨 0.05%，深证成指涨 0.37%，创业板指涨 0.31%。沪深京三市全天成交 额 17403 亿元，较上日减少 2433 亿元。全市场超 4200 只个股上涨。 板块题材上，AI 应用、军工装备、商业航天板块活跃，锂、海南板块 调整。 【重要新闻】 【习近平同美国总统特朗普通电话】11 月 24 日晚，国家主席习近平 同美国总统特朗普通电话。习近平指出，上个月我们在韩国釜山成功 举行会晤，达成很多重要共识，为中美关系这艘巨轮稳健前行校准航 向、注入动力，也向世界传递积极信号。釜山会晤以来，中美关系总 体稳定向好，受到两国和国际社会普遍欢迎，事实再次说明，中美"合 则两利、斗则俱伤"是经过实践反复验证的常识，中美"相互成就、共 同繁 ...

11月20日，A股三大指数集体下跌，沪指跌0.4%，深证成指跌0.76%，创业板指跌1.12%。全市场成交额1.72万亿元， 较前一交易日缩量200亿元，全市场超3850只个股下跌。 中船系全线飘绿，中船特气跌超5%，中国海防跌超3%，昆船智能、中船防务、中国动力跌超2%。 | 代码 | 名称 | 现价 · | | 涨幅◆ | | --- | --- | --- | --- | --- | | 688146 中船特气 | | 41.75 | -2.38 | -5.39% | | 600764 中国海防 | | 29.84 | -1.20 | -3.87% | | 301311 | 昆船智能 | 19.58 | -0.54 | -2.68% | | 600685 中船防务 | | 28.24 | -0.69 | -2.39% | | 600482 中国动力 | | 20.34 | -0.48 | -2.31% | | 300516 久之洋 | | 42.03 | -0.81 | -1.89% | | 600072 中船科技 | | 12.17 | -0.22 | -1.78% | | 600150 中国船舶 | ...

Group 1: Stock Market Activity - On the institutional trading list, 43 stocks were featured, with 19 seeing net purchases and 24 experiencing net sales [1] - The top three stocks with the highest net purchases were Yongtai Technology (365 million), Chuling Information (188 million), and Delijia (125 million) [1] - Chuling Information has a clear focus on AI Agent development, particularly in network operation and customer service applications [1] Group 2: AI Applications - Fushi Holdings is developing an AI intelligent customer service platform utilizing 5G messaging to create a Chatbot platform for enterprise clients [1] - Vision China, a provider of visual content and services, has launched an AI-driven intelligent search engine [1] - Ant Group's new AI assistant "Lingguang" can generate applications in natural language within 30 seconds, marking a significant advancement in AI capabilities [1][2] Group 3: AI Market Trends - The public beta of Qianwen App saw a rapid rise in the iOS free app rankings, indicating strong market interest [2] - Google's upcoming Gemini 3.0 AI model is generating significant industry attention, with predictions of its release this week [2][3] - Huatai Securities anticipates that Alibaba's increased investment in consumer-facing AI applications will lead to sustained growth in data center energy consumption [2] Group 4: Hainan Free Trade Port - The General Administration of Customs held a briefing on the support for the construction of the Hainan Free Trade Port, with the full operation set to commence on December 18 [4]

Core Viewpoint - The Hainan sector experienced significant upward movement on November 17, with multiple companies showing strong performance, indicating a potential bullish trend in the region's market [1] Group 1: Company Performance - Xunlong Holdings reached the daily limit with a 10% increase [1] - Shennong Agricultural and Hainan Haiyao both rose over 6% [1] - Hainan Ruize also saw a rise exceeding 6% [1] Group 2: Market Trends - Hainan Mining and Haima Automobile also experienced gains, reflecting a broader positive trend in the Hainan sector [1]

Market Overview - The market experienced fluctuations throughout the day, with the Shanghai Composite Index falling nearly 1% and the ChiNext Index declining nearly 3% [1] - The total trading volume in the Shanghai and Shenzhen markets was 1.96 trillion yuan, a decrease of 839 billion yuan compared to the previous trading day [1] - Over 3,300 stocks in the market saw declines, indicating a broad market downturn [1] Sector Performance - The lithium battery sector continued its strong performance, with companies like Furui Co., Ltd. achieving a seven-day consecutive rise and Shida Shenghua achieving a three-day consecutive rise [1] - The Fujian sector showed resilience, with stocks such as Pingtan Development and Haixia Environmental Protection hitting the daily limit [1] - The gas sector also performed well, with Shouhua Gas reaching a 20% limit up [1] - Flu-related stocks were active, with Jindike achieving three rises in five days and Zhongsheng Pharmaceutical achieving two rises in three days [1] - The Hainan sector was notably active, with Hainan Mining hitting the daily limit [1] Declining Sectors - The computing power hardware sector experienced a collective pullback, with the storage chip concept suffering significant losses, particularly Bawei Storage, which fell over 10% [1] - The CPO concept faced fluctuations, with the three major players in optical modules showing weakness [1] - Overall, sectors such as Hainan, gas, pharmaceuticals, and Fujian saw gains, while storage chips and CPO sectors faced declines [1]

Core Viewpoint - The three major indices opened lower and maintained a fluctuating adjustment trend, with significant declines in the Shanghai Composite Index, Shenzhen Component Index, and ChiNext Index [1] Market Performance - As of the market close, the Shanghai Composite Index fell by 0.97%, the Shenzhen Component Index decreased by 1.93%, and the ChiNext Index dropped by 2.82% [1] - The Hainan sector continued its strong performance, with stocks like Hainan Mining and Hainan Haiyao hitting the daily limit [1] - The natural gas concept saw a surge, with stocks such as Shouhua Gas, Changchun Gas, and Guo Xin Energy also reaching the daily limit [1] - The banking sector showed strength, with the Industrial and Commercial Bank of China reaching a historical high in stock price during the session [1] - The Fujian sector was actively traded, with stocks like Pingtan Development and Dongbai Group hitting the daily limit [1] - The aquatic products concept experienced a notable rise, with Zhongshui Fishery reaching the daily limit [1] Sector Performance - The supply and heating, commercial retail, pharmaceutical, and real estate sectors saw significant gains [1] - Conversely, the semiconductor, mineral products, storage chips, and internet sectors experienced notable declines [1]

Core Viewpoint - The Hainan sector has shown strong performance, with notable gains in several companies, particularly Haima Automobile, which reached its daily limit up [1] Group 1: Company Performance - Haima Automobile has hit the daily limit up, indicating strong investor interest and positive market sentiment [1] - Other companies in the Hainan sector, such as Hainan Mining, Hainan Highway, and Haixia Co., have also experienced upward movement in their stock prices, reflecting a broader trend in the region [1]

Market Overview - The Asia-Pacific stock markets experienced a collective decline influenced by the "Black Tuesday" in the US stock market, but the A-shares showed an independent trend with all three major indices closing higher. The Shanghai Composite Index rose by 0.23% to 3969 points, the Shenzhen Component Index increased by 0.37%, and the ChiNext Index gained 1.03% [1]. Trading Volume and Market Activity - The total market turnover reached 1.89 trillion yuan, a decrease of 441 billion yuan compared to the previous trading day, with nearly 3400 stocks rising [1]. Sector Performance - The Hainan sector was notably active, with stocks like Haima Automobile and Haixia Shares hitting the daily limit. The State Grid completed fixed asset investments exceeding 420 billion yuan, leading to gains in the electric grid equipment, ultra-high voltage, and smart grid sectors, with stocks such as Jinguan Electric and TBEA also hitting the daily limit [1]. - The titanium dioxide sector saw a surge, with Vanadium Titanium Shares hitting the daily limit. The photovoltaic equipment sector also performed well, with Aters hitting a 20% increase limit. Other sectors with significant gains included duty-free concepts, high-speed charging, energy storage, and wind power equipment [1]. Declining Sectors - The recombinant protein sector declined, with Sanofi falling over 8%. The quantum technology sector also saw a drop, with Keda Guokai decreasing by over 7%. Other sectors that experienced significant declines included Kimi concept, data security, digital currency, and CRO [1]. Top Gainers - The top gainers included sectors such as forestry, power generation equipment, and electrical grid, with respective increases of 3.88%, 1.68%, and 3.43% [2].

Market Overview - A-shares experienced a mixed performance with the Shanghai Composite Index rising by 0.05% to 3962.04, while the Shenzhen Component Index fell by 0.15% to 13155.62, and the ChiNext Index increased by 0.17% to 3139.53, reflecting a collective low opening followed by a recovery [1][2][3] - The total trading volume in the Shanghai and Shenzhen markets reached 1.14 trillion, a decrease of 799 billion compared to the previous trading day [1][3] Sector Performance - The electric grid equipment sector saw significant gains, with stocks like Moen Electric and China Energy Electric achieving consecutive gains, while TBEA hit a new high with a limit-up [5] - The Hainan sector remained active, with multiple stocks such as Intercontinental Oil and Gas and Hainan Airport hitting limit-ups, driven by the new duty-free policy implemented on November 1 [5] - Conversely, the storage chip sector faced declines, with stocks like Fudan Microelectronics dropping over 4% [5] New Investor Activity - In October, 2.31 million new accounts were opened on the Shanghai Stock Exchange, a decrease of 21.36% from September's 2.94 million [8] - Year-to-date, the total number of new accounts reached 22.46 million, reflecting a year-on-year increase of 10.57% [9] Economic Indicators - The China Warehousing Index for October was reported at 50.6%, indicating a 1 percentage point increase from the previous month, suggesting stable economic vitality [6] - The People's Bank of China announced a continuous release of mid-term market liquidity, contributing to market stability [6]