中信建投（601066）证券研究所12月19日发表最新研报表示：港股迎来年内最后一次交易窗口。 恒生互联网ETF（513330.SH）聚焦互联网巨头（腾讯控股、阿里巴巴、美团、小米、百度等），也是 持有人户数最多的港股类ETF； 在经历了9月的单边上涨后，10月以来港股市场随着海外宏观预期反复的影响经历了震荡调整。随着AH 两地同步完成中期调整，当前港股部分优质资产重新进入高性价比区间，在北水持续配置、盈利预期修 复及年末宏观预期改善的共振下，港股正迎来一个不容忽视的年内交易窗口。 港股通科技ETF基金（159101.SZ）覆盖最广泛的港股科技细分行业，包含AI应用、创新药、机器人、 智能车等热门概念。 港股成长风格相关ETF： 恒生科技指数ETF（513180.SH）跟踪恒生科技指数规模最大的ETF； 从大周期来看，目前港股处于牛市中段。前期因风格切换而深度调整的成长板块，或伴随市场情绪回暖 与宏观不确定性消退，将凭借高盈利弹性成为引领市场的核心主线。 多重因素促成港股中期交易窗口打开：1）港股本轮经历的市场调整增厚了安全边际，为新一轮反弹预 留了足够的空间；2）南向资金依然保持净流入态势，或随着海外流动性 ...

Core Viewpoint - Elon Musk is promoting a future involving autonomous vehicles, robotic assistants, and life on Mars, with Tesla stock being the primary investment avenue for ordinary investors [2] Group 1: Tesla Stock Performance - Tesla's stock reached a historical high, with a 20% increase over the past four weeks and over 100% rebound since the low point triggered by market panic on April 8 [2][4] - Tesla's price-to-earnings ratio stands at 214, making it the second highest in the S&P 500, following Warner Bros Discovery [4] Group 2: Market Sentiment and Valuation - Wall Street's confidence in Musk's AI ambitions is reflected in Tesla's stock performance, despite pressures on its core automotive business [4] - Some analysts express skepticism about Tesla's high valuation, suggesting it is not justified given the company's fundamentals [4][5] Group 3: SpaceX IPO Impact - The potential IPO of SpaceX, expected to raise over $30 billion with a target valuation of $1.5 trillion, could provide investors with an alternative to gain exposure to Musk's vision [4][6] - There are differing opinions on whether SpaceX's IPO will negatively impact Tesla's stock or create new momentum for it [5] Group 4: Future Growth Potential - Optimism remains regarding Tesla's growth in autonomous driving and robotaxi sectors, with Musk aiming to transform Tesla into an AI and robotics company [5][6] - Analysts predict Tesla's earnings growth could reach 30% to 35% over the next two to three years if Musk's goals are met [6] Group 5: Investor Sentiment - Some investors are cautious about heavily investing in Musk's ventures due to perceived risks, while others believe they can support both Tesla and SpaceX simultaneously [7] - The current market reality is that Tesla remains the only publicly traded option for investors looking to bet on Musk's vision, with short-term risks related to its valuation [7][8]

（原标题：中阿企业家论坛在上海开幕） fund ZAWYA新闻网12月6日消息，中阿企业家论坛在上海开幕。会议指出，重点依托科技创新、人工 智能、机器人、初创企业及先进制造等领域合作，中阿双边贸易预计将从2024年的1018亿美元增长至 2030年的2000亿美元。论坛共吸引60余家中国高科技初创公司参会，并围绕人工智能、金融科技、可持 续发展及先进制造等主题开展高层讨论，展现两国技术合作持续升温的趋势。论坛由阿联酋企业家协会 与Vertix控股主办，并获得阿联酋驻上海总领馆及多家中方创新机构支持。 ...

Core Viewpoint - Wantong Hydraulic has successfully navigated the competitive landscape of the hydraulic industry by leveraging its military-grade standards and focusing on innovation and strategic partnerships to expand into new markets and product lines [1][2][3]. Group 1: Company Background and Development - Wantong Hydraulic was established in 2004, during a time when China's hydraulic industry was experiencing significant growth, with the total industrial output value surpassing 10 billion [2]. - The company initially focused on manufacturing hydraulic cylinders for dump trucks and later expanded into more demanding sectors such as coal mining hydraulic supports [2]. - In 2015, the company capitalized on the national strategy of military-civilian integration, obtaining military product certification to facilitate its entry into the military sector [2]. Group 2: Strategic Choices and Innovations - The company made a pivotal decision around 2017 to transition from traditional products to new technologies, specifically oil-gas spring technology, which offers enhanced cushioning and vibration reduction [3]. - Wantong Hydraulic's approach to oil-gas spring development involves initial small-batch customization for specific vehicle needs, followed by large-scale standardized production once the technology is validated [3]. - The company has seen significant revenue growth from oil-gas springs, with a 93.34% increase in revenue for this product in 2024, continuing to grow in the first half of 2025 [3]. Group 3: Capital and Market Position - In 2021, Wantong Hydraulic went public on the Beijing Stock Exchange, which the management likened to upgrading from a "train" to a "high-speed train," enabling faster growth through financing and stock incentives [3]. - Since its IPO, the company has achieved a compound annual growth rate of over 23% in revenue, with even higher growth in net profit, indicating a strong upward trajectory supported by capital market dynamics [3]. Group 4: Customer Engagement and Value Proposition - Wantong Hydraulic positions itself as an expert in the industry, a forward-thinking partner, and an agile responder to customer needs, which fosters long-term, high-commitment relationships [5]. - The company employs rigorous testing standards for its products, reflecting its military heritage and commitment to reliability, which enhances its reputation in the market [5][6]. Group 5: Expansion into New Markets - The company is actively expanding beyond traditional engineering machinery into the new energy vehicle sector, developing oil-gas suspension systems tailored for this market [7]. - Recent collaborations with industry leaders, such as Pangu Intelligent Manufacturing and SAIC Capital, aim to explore new hydraulic applications in wind power and intelligent suspension systems [7]. - Wantong Hydraulic's overseas revenue grew by 41.24% in the first half of 2025, indicating successful international market penetration with high-value products [7]. Group 6: Conclusion and Future Outlook - Wantong Hydraulic exemplifies the evolution of Chinese manufacturing, transitioning from military standards to civilian applications, and from traditional manufacturing to capital-driven innovation [8].

正值中央经济工作会议召开不久，"湖畔青创读书会"首期活动以"探寻中国发展的密码——从理论构建到实践智慧"为主题，邀请复旦大学经济 学院院长张军与上海社科院经济所副所长詹宇波展开对谈。两位学者围绕《中国发展经济学》《当代中国经济讲义》两部著作，讲述经济学视 野中的生动中国故事，并深入剖析科技创新与经济增长的内在关联。 东方网记者曾炟12月18日报道：在科技创新浪潮全面重塑全球经济格局的今天，青年如何把握趋势、洞察未来？12月18日，一个专注科创与经 济发展深度对话的新平台——"湖畔青创读书会"在朵云书院·滴水湖店正式启动。读书会由上海市社会科学界联合会、共青团上海市委、临港 新片区管委会、滴水湖商旅、世纪朵云联合发起，旨在成为临港科创圈的"思想路由器"，推动科技与经济的跨领域碰撞。 瞄准未来赛道：青年如何把握科创经济浪潮？读书会聚焦青年创业者与科技从业者的现实关切，致力于破解"科技创新的经济脉络"。通过硬核 知识的软性解读、一手经验的坦诚分享以及未来趋势的提前预演，助力青年在人工智能、元宇宙、机器人等新兴领域中发现机遇、锚定坐标。 活动现场还设置了读者问答环节，围绕"硬科技产业的崛起逻辑""宏观经济对创业的启示 ...

Group 1 - The article emphasizes the importance of efficiently navigating through a large volume of announcements each night, providing a professional selection of key announcements for informed decision-making [1] - The company has clients in various sectors including chips, PCB, IGBT heat dissipation modules, photovoltaics, and new metal materials, with some clients being suppliers to Nvidia [1] - The company’s subsidiaries are engaged in long-term services for public security government departments, focusing on digital twins, AI, robotics, smart governance, and military information technology [1] - The company has a substantial order backlog in the energy storage sector, amounting to $3.1 billion, covering areas such as photovoltaics, inverters, energy storage, TOPCon batteries, HJT batteries, and the Belt and Road Initiative [1]

证券日报网讯 12月18日，三联锻造在互动平台回答投资者提问时表示，关于公司机器人及航空航天方 面的情况，请关注公司相关公告。 （文章来源：证券日报） ...

中国电子信息产业发展研究院（以下简称"赛迪研究院"）18日发布《2026年我国未来产业发展形势展 望》，预计2026年我国未来产业发展将迎来重要转折点，多赛道有望实现从技术突破到产业化落地的关 键跨越。 （文章来源：新华财经） 赛迪研究院未来产业研究中心副所长李艺铭表示，2026年，随着"十五五"规划开局，未来产业将加速构 建投入与风险分担机制，多赛道步入产业化关键阶段，科技创新和产业创新深度融合，场景大规模开放 应用有望加速打通技术到产业的路径。 报告指出，2026年我国未来产业发展将迎来重要转折点，多赛道有望实现从技术突破到产业化落地的关 键跨越。如，量子科技逐步从实验室走向特定场景应用，在金融风控、药物研发等领域开展试点示范； 生物制造技术路线持续成熟，在医药研发、农业育种等领域的应用深度不断拓展；可控核聚变进入工程 可行性验证关键阶段，商业化落地加速。这种多技术群协同突破、交叉融合的发展态势，将推动未来产 业从单点创新迈向系统突破，为经济高质量发展注入新动能。 2026年，场景大规模开放应用有望加速打通技术到产业的路径。国家将着力构建"技术突破－场景验证 －产业应用－体系升级"的闭环发展模式，分批次推 ...

12月18日，誉帆科技（001396）（001396）首次公开发行股票并在主板上市网上路演在全景网成功举 行。公司将于12月19日开启网上、网下申购。 具体而言，公司将聚焦地下管道健康运行以及对水环境的影响，开展非开挖修复技术多样性和多适用性 研究，围绕低碳绿色、安全韧性和智慧健康等技术方向，加大研发投入力度，逐步形成重点领域和特殊 工况的相关核心技术、设备和材料；公司将聚焦城市公共设施的生命周期和运行安全，整合公司旗下各 业务板块科技资源，组建"智慧管网"、"智慧养护"、"空洞探查"和"安全监测"等领域的跨组织研发机构 运行模式，通过多学科技术融合创新和组织模式创新，集中打造智慧城市和城市体检等重点领域的行业 技术与服务能力，提高公司的行业地位。 全景网了解到，誉帆科技新股发行价为22.29元/股，申购代码为001396。 公开资料显示，2012年，总部位于上海。是国内领先的地下管网维护高新技术企业，同时也是国家级专 精特新"小巨人"企业。自成立以来，公司始终深耕排水管网维护领域，构建起覆盖检测及专项调查、非 开挖修复、养护，以及专用车辆和修复材料产销的全产业链服务体系。 誉帆科技董事、财务负责人、董事会秘 ...

Core Viewpoint - The article discusses the unique career paths of Huang Renxun's children, highlighting their roles at NVIDIA and the strategic focus on AI and robotics, reflecting the company's future direction in the tech industry [5][6][7]. Group 1: NVIDIA's Business and Market Position - NVIDIA's net profit skyrocketed from $4.368 billion in FY2023 to $72.88 billion in FY2025, with its stock price increasing twelvefold since the beginning of 2023 [6]. - As of December 15, NVIDIA's market capitalization reached $4.25 trillion, making it the highest among global listed companies, surpassing Apple and Google [6]. - Huang Renxun's wealth has reached $152 billion, placing him as the richest Chinese and the eighth richest person globally [6]. Group 2: Family Involvement in NVIDIA - Huang Renxun's children, Spencer Huang and Madison Huang, both work at NVIDIA, which is atypical for children of tech billionaires in Silicon Valley [7]. - Spencer Huang is the Product Line Manager for NVIDIA's robotics business, indicating a strategic focus on AI applications, particularly in robotics [14]. - Madison Huang serves as the Senior Product Marketing Director for both the Omniverse and robotics divisions, emphasizing the importance of these areas in NVIDIA's strategy [14]. Group 3: Career Backgrounds of Huang's Children - Spencer Huang studied marketing and cultural studies at Columbia College and initially worked in a bar before returning to NVIDIA in 2021 after completing an MBA [18][20]. - Madison Huang has a background in culinary arts and luxury brand marketing, having worked at LVMH before joining NVIDIA in 2020 [24][26]. Group 4: Strategic Focus on AI and Robotics - Spencer Huang's role involves overseeing the entire lifecycle of NVIDIA's robotics products, including AI models and development tools, showcasing the company's ambition in this sector [14]. - Madison Huang's responsibilities include marketing strategies for the Omniverse and robotics, which are central to NVIDIA's future growth [14]. Group 5: Huang Renxun's Perspective on Family Business - Huang Renxun acknowledges the presence of family members in the company but believes in their capabilities, stating that many "second-generation" employees perform even better than their parents [30][31].