来源：上海证券报微信公众号 今日提示 •2025企业家博鳌论坛系列活动12月2日至12月5日在海南博鳌举办。 •2025年中国国际海事会展12月2日至12月5日在上海举办。 •据网络实时数据，截至12月1日18时30分，影片《疯狂动物城2》票房突破20亿元。 •沐曦股份发行初步询价日为12月2日，申购日为12月5日。 •12月1日，DeepSeek同时发布两个正式版模型：DeepSeek-V3.2和DeepSeek-V3.2-Speciale。 上证精选 •广期所发布通知，对多晶硅期货PS2601合约的交易保证金标准及交易限额作如下调整：自2025年12月3 日结算时起，多晶硅期货PS2601合约投机交易保证金标准调整为13%，套期保值交易保证金标准调整为 12%。自2025年12月3日交易时起，非期货公司会员或者客户在多晶硅期货PS2601合约上单日开仓量不 得超过500手。 •上海市政府近日印发《上海市引进人才申办本市常住户口办法》《持有〈上海市居住证〉人员申办本 市常住户口办法》，12月1日起施行。《办法》第三条明确规定，在本市行政区域内注册的用人单位引 进本市紧缺急需的国内优秀人才，可以申办本市常住户 ...

Group 1: Market Performance - The Shanghai Composite Index fell by 0.55%, the Shenzhen Component Index dropped by 0.77%, and the ChiNext Index decreased by 0.88% during the morning session [1][8] - The total trading volume in the Shanghai, Shenzhen, and Beijing markets reached 10,560 billion, a decrease of 1,807 billion compared to the previous day [1][8] - Over 3,900 stocks in the market experienced declines, with sectors such as energy metals, gaming, education, battery materials, rare earth permanent magnets, and film and television showing significant losses [1][8] Group 2: Sector Highlights - The pharmaceutical commercial sector, along with local stocks from Fujian, Hainan Free Trade Zone, tourism and hotels, AI mobile phones, real estate, and coal mining, saw notable gains [1][8] - AI mobile phone concept stocks remained active, with companies like Daoming Optics achieving a four-day consecutive rise and Furong Technology securing two consecutive gains [1][8] - Fujian local stocks continued to rise in the afternoon, with Dongbai Group hitting the daily limit, and several other stocks such as Zhaobiao Co., Pingtan Development, and Hai Xin Food also reaching their limits [3][8] Group 3: Policy Developments - The Fujian provincial government announced 12 new policies aimed at enhancing trade and cultural exchanges with Taiwan, including support for Taiwanese enterprises and optimizing tax services for Taiwanese businesses [7][14] - The launch of China's drug price registration system is set for December 2, 2025, allowing domestic and foreign pharmaceutical companies to independently declare drug prices, promoting transparency and global market integration [4][11] Group 4: International Relations - Two Japanese organizations have requested to visit China, reflecting concerns over recent remarks by Japanese Prime Minister Suga regarding Taiwan, which have strained Sino-Japanese relations [2][10] - The Chinese Coast Guard has taken measures to drive away a Japanese fishing vessel that illegally entered the waters around the Diaoyu Islands, emphasizing China's stance on territorial sovereignty [5][12]

Market Overview - A total of 55 stocks in the A-share market hit the daily limit, with 47 stocks hitting the limit after excluding 8 ST stocks, resulting in an overall limit-hitting rate of 73.33% [1] Limit-Hitting Stocks - The stock with the highest limit-hitting order volume is Gao Le Co., with 487,500 hands; followed by Shi Lian Hang, Yi Li Da, and Dao Ming Guang Xue, with limit-hitting order volumes of 432,200 hands, 366,600 hands, and 364,200 hands respectively [2] - Jin Fu Ke Ji achieved 7 consecutive limit hits, while *ST Ya Tai had 6 consecutive hits; Hai Wang Sheng Wu and Hai Xin Shi Pin both had 5 consecutive hits [2] Aerospace Sector - Multiple stocks in the aerospace sector hit the limit, including Lei Ke Fang Wu, Hang Tian Fa Zhan, Shun Hao Gong Si, and Tong Yu Tong Xun [3] - Lei Ke Fang Wu focuses on satellite remote sensing technology, providing key equipment and solutions for rapid acquisition and precise processing of remote sensing information [3] - Hang Tian Fa Zhan primarily develops aerospace defense information technology [4] - Shun Hao Gong Si invested 110 million RMB in Beijing Tui Dao Chen Guang Technology Co., which may have clear commercial value in the next 5 years [4] AI Mobile Sector - Stocks such as Dao Ming Guang Xue and Fu Rong Ke Ji hit the limit [5] - Dao Ming Guang Xue has an annual production capacity of 1 million square meters for graphene heat dissipation films, which are used in smartphones and gaming devices [5] - Fu Rong Ke Ji's 6-series and 7-series alloy materials are utilized in Apple and Samsung electronic products [5] Pharmaceutical Sector - Stocks like Ren Min Tong Tai, Kai Kai Shi Ye, He Fu Zhong Guo, and Hai Wang Sheng Wu also hit the limit [6] - Ren Min Tong Tai aims to build a professional health service platform in Heilongjiang Province, focusing on pharmaceutical distribution, retail, medical services, and logistics [7] - Kai Kai Shi Ye's pharmaceutical segment includes wholesale and retail of drugs and medical devices [7] - He Fu Zhong Guo operates in the pharmaceutical commercial sector, focusing on diagnostic reagents and consumables [7] Institutional and Retail Investment - The top net purchases on the Dragon and Tiger list include Sai Wei Dian Zi, Guang He Tong, Hang Tian Fa Zhan, and Lei Ke Fang Wu, with net purchases of 467 million RMB, 375 million RMB, and 234 million RMB respectively [8] - Institutional net purchases were led by Hang Tian Fa Zhan, Shun Hao Gong Si, and Sai Wei Dian Zi, with amounts of 167 million RMB, 150 million RMB, and 113 million RMB respectively [8]

本报记者 桂小笋 上海明伦律师事务所王智斌律师告诉《证券日报》记者，上市公司的信息披露要求"真实、准确、完 整、及时"，如果发现有对股价产生异动的信息，基于审慎原则，要通过法定渠道进行说明。"建议公司 更快速地响应市场出现的传闻，建立市场传闻快速核查机制，在股价异动初期主动澄清。" 12月2日晚间，道明光学发布股票交易异常波动公告，12月1日、12月2日连续2个交易日收盘价格涨幅偏 离值累计超过20%。而在11月30日晚间，公司也曾发布了类似公告。 截至12月2日，道明光学已经连续4个交易日股价涨停。 值得注意的是，在11月30日晚间的股票交易异常波动公告中，道明光学也未提及AI手机相关信息。 福州公孙策公关咨询有限公司合伙人詹军豪接受《证券日报》记者采访时表示，近期，公司因"AI手 机"等热点概念被市场热炒，股价异动。公司迅速表明未发现影响股价的未公开重大信息，且明确自身 并无AI手机相关业务，及时给市场降温，有助于防止投资者因盲目跟风而遭受损失。 道明光学在12月2日晚间的公告中提及，"未发现近期公共传媒报道了可能或已经对本公司股票交易价格 产生较大影响的未公开重大信息；但公司关注到近期部分媒体、网络论坛 ...

图片来源：中兴商城 在二手交易平台，有用户称"在官网抢到一台'豆包'手机，加价300可顺丰包邮"；也有人以高达7000元的价格转让，溢价3500元，目前有70人浏览。其他 二手努比亚M153溢价后的价格大部分在4000元到4500元之间。 12月2日，中兴商城显示，作为首款搭载豆包手机助手的手机产品，努比亚M153目前已售罄。这款"豆包助手"手机是由中兴通讯和字节跳动共同开发，其 中豆包主导AI手机助手的产品定义与体验，中兴通讯旗下努比亚主导硬件研发设计以及生产制造。该机型主要面向开发者和科技爱好者，售价3499元。 图片来源：中兴商城 从官网发售信息来看，目前并不是"完全无货"状态，相关开发者可填写预约信息申请F码，获得F码后按提示购买。此外，根据官网信息，上述工程机可作 为主力机日常使用，但软件方面尚无法保证成熟手机产品的功能完善度，比如影像功能完善度与市场主流旗舰机可能存在差距等。 根据官方发布的实机演示视频，当用户说出"帮我全网比价并下单某商品"时，助手随即在后台被唤醒。它依次自动跳转至淘宝、京东、抖音商城、拼多多 等主流电商平台，完成价格查询、数据比价，并自动选择最优商品进入下单页面。 图片来源 官 ...

Market Overview - The Shanghai Composite Index closed down by 0.42%, while the Shenzhen Component Index fell by 0.68%, indicating a noticeable decrease in trading volume [1][2] - A total of 47 stocks hit the daily limit up, which is a decrease of 17 from the previous day, and 2 stocks hit the limit down, a decrease of 1 from the previous day [2] Sector Characteristics - The sectors with the most limit-up stocks today include communication equipment, plastic products, and pharmaceutical commerce [3] - The communication equipment sector saw 4 limit-up stocks, driven by accelerated AI hardware iteration [4] - The plastic products sector also had 4 limit-up stocks, benefiting from a rebound in downstream demand and improved export orders [4] - The pharmaceutical commerce sector had 4 limit-up stocks, supported by a recovery in consumer demand and favorable policies [4] Conceptual Characteristics - The most represented concepts among limit-up stocks include Fujian Free Trade Zone/Haixi concept, large consumption, and real estate [5] - The Fujian Free Trade Zone/Haixi concept had 10 limit-up stocks, driven by policy benefits and enhanced regional economic vitality [5] - The large consumption concept had 7 limit-up stocks, supported by policy-driven consumption recovery expectations [5] - The real estate concept had 6 limit-up stocks, benefiting from ongoing policy relaxation and improved sales expectations [5] Limit-Up Stock Rankings - Among the limit-up stocks, 3 reached historical highs, including Jinfu Technology, Jiarong Technology, and Shenghui Integration [6][7] - A total of 17 limit-up stocks reached near one-year highs, including Tongyu Communication, Ruima Precision, and others [7] Main Capital Inflows - The top 5 stocks by net capital inflow among limit-up stocks were Pingtan Development, Haima Automobile, and others [9] - The top 5 stocks by net capital inflow as a percentage of market value included Iceberg Cold Chain, Longji Software, and others [9] Continuous Limit-Up Stocks - There were 32 first-time limit-up stocks today, with 4 stocks achieving 2 consecutive limit-ups and 11 stocks achieving 3 or more consecutive limit-ups [10] - The top 5 stocks by consecutive limit-ups included Jinfu Technology, Haiwang Biological, and others [10]

Core Viewpoint - The article discusses the impact of AI on investment opportunities in the equity market, highlighting the volatility and potential for profit in specific sectors, particularly in Fujian's food industry and the commercial space sector [1][10]. Summary by Sections A-share Market Review - The A-share market experienced fluctuations, with the Shanghai Composite Index down by 0.42%, Shenzhen Component down by 0.68%, and the ChiNext Index down by 0.69% on December 2 [10]. - The total trading volume across the three markets was 16,073.75 billion, a decrease of 2,821.68 million from the previous day [10]. - Over 3,700 stocks declined, while 55 stocks hit the daily limit up, indicating a strong performance in certain sectors, particularly in Fujian [10]. Fujian Sector Insights - Fujian's food sector saw a significant surge following the announcement of 12 policies supporting Taiwanese residents to open Sha County snack stores, leading to a rapid increase in stock prices [1][3]. - Key companies in this sector include: - Hai Xin Food (002702): A century-old brand focusing on frozen foods, with a flagship store in Beijing [3]. - Hui Fa Food (603536): Specializes in frozen prepared dishes suitable for Sha County snacks [3]. - Other notable companies include Fu Ling Pickled Vegetables (002507), Gai Shi Food (920826), and An Ji Food (603696), all of which are positioned to benefit from the Sha County snack concept [3]. Commercial Space Sector - The commercial space sector is gaining momentum, with the Zhuque rocket scheduled for launch on December 3, which is expected to boost related stocks [10]. - The establishment of a dedicated Commercial Space Administration by the National Space Administration marks a significant step towards the development of China's commercial space industry [10]. AI Mobile Phone Concept - The AI mobile phone sector has shown volatility, with a recent surge followed by a decline, raising concerns about its sustainability [2]. - Morgan Stanley noted that the deployment of AI assistants in mobile phones requires deep technical collaboration with manufacturers, which may reshape the value distribution in the mobile market [2]. Market Trends and Predictions - The report from Morgan Stanley anticipates a modest profit growth of around 6-7% for 2026, lower than the market consensus of 15%, indicating potential adjustments in traditional sectors like consumer goods and real estate [6]. - The article emphasizes the need for continued support in the real estate market, with expectations for policy measures to stabilize housing prices and stimulate demand [8]. Investment Opportunities - The article highlights the potential for investment in sectors such as food and commercial space, driven by government policies and market dynamics [1][10]. - The focus on AI technology and its integration into various industries presents new avenues for growth and investment [2].

Market Overview - On December 2, the A-share market saw a total of 55 stocks hit the daily limit, with 47 stocks after excluding 8 ST stocks, resulting in a limit-up rate of 73.33% [1] Top Gainers - Tongyu Communication had the highest limit-up order volume at 48.75 million shares, followed by Shilianhang, Yilida, and Daoming Optics with 43.22 million, 36.66 million, and 36.42 million shares respectively [1] - Jinfu Technology achieved 7 consecutive limit-ups, while *ST Yatai had 6 consecutive limit-ups, and several other stocks had 3 to 5 consecutive limit-ups [1] Investment Highlights - Tongyu Communication is involved in the commercial aerospace sector and has invested 10 million yuan in an aerospace industry fund focusing on satellite communication and advanced manufacturing [1] - The fund has already invested in Jingji Communication and plans to invest in Lingkong Tianxing, which aligns with Tongyu's business [1] Sector Performance Aerospace Sector - Stocks such as Leike Defense, Aerospace Development, and Shunhao Shares saw limit-ups, with Leike Defense focusing on satellite remote sensing technology [5][6] - Aerospace Development is primarily engaged in aerospace defense information technology [3] AI Mobile Phones - Daoming Optics and Fulu Technology experienced limit-ups, with Daoming Optics producing graphene heat dissipation films for smartphones [5] - Fulu Technology's alloys are used in major consumer electronics like Apple and Samsung products [5] Pharmaceutical Sector - Companies like Renmin Tongtai and Haiwang Biological also saw limit-ups, with Renmin Tongtai focusing on a comprehensive health service platform in Heilongjiang Province [5][6] Institutional Activity - The top net purchases by institutions included Aerospace Development, Shunhao Shares, and Saiwei Electronics, with net buying amounts of 1.67 billion yuan, 1.5 billion yuan, and 1.13 billion yuan respectively [7][8]

Core Insights - The "Doubao Assistant" phone by ZTE has sold out, with second-hand prices on platforms like Xianyu ranging from 3,699 to 7,999 yuan, indicating a significant markup over the official price of 3,499 yuan [1][4] - The phone integrates ByteDance's "Doubao" AI model, allowing it to perform tasks like ordering food through app automation, showcasing advanced AI capabilities [4] - The purchase process for the "Doubao Assistant" phone involves obtaining a limited "F code," which is currently being resold on Xianyu for around 80 to 300 yuan due to its scarcity [4] Company and Industry Summary - ZTE's "Doubao Assistant" phone is the first collaboration with ByteDance, featuring a single configuration of 16GB RAM and 512GB storage, and is designed to enhance user interaction through AI [4] - Other smartphone manufacturers are also exploring partnerships with Doubao, although they have established their own voice assistants, indicating a competitive landscape in AI integration within mobile devices [5] - The recent launch of AI products, including the Doubao phone and other AI devices, is expected to reshape AI interaction models and drive demand for AI applications, positively impacting companies like ZTE and Guanghetong [5]

Group 1 - Daoming Optics announced that it currently has no AI mobile phone-related business despite recent media discussions [2] - Daimay Co. received an insurance compensation of $14.7 million for a fire incident, which will be recorded as non-operating income in the 2025 financial statements [3] - MengTian Home has seen its stock price deviate over 100% in the last 10 trading days, and may apply for a trading suspension if the price continues to rise abnormally [4] Group 2 - Daming City reported that 10.13% of shares held by its controlling shareholder are under judicial freeze and marking, but this will not affect the company's operations or governance [5] - Guomai Culture announced an investment loss of approximately RMB 40 million in a film project, which represents over 10% of its audited net profit for 2024 [6] - Pingtan Development's stock price has increased significantly in a short period, raising concerns about irrational speculation, although the company's fundamentals remain unchanged [7] Group 3 - Xiamen Tungsten plans to invest RMB 942 million in the second phase of its motor industrial park, with completion expected by September 2029 [8] - Shunhao Co. reported stock price fluctuations and noted that its investment in a project has uncertainties, but it does not expect significant impact on its 2025 performance [9] - Haowei Group's controlling shareholder plans to donate 2.48% of the company's shares to a university foundation [10] Group 4 - Ningbo Port expects a 10.8% year-on-year increase in container throughput in November 2025, reaching 4.49 million TEUs [12] - Yutong Bus reported production and sales growth in November 2025, with production up 11.21% and sales up 8.62% year-on-year [13] Group 5 - Weisheng Information won three electricity project contracts totaling RMB 65.32 million, which will positively impact the company's performance [21] - Design Institute recently won 17 projects with a total bid amount of approximately RMB 251 million, covering various engineering services [22]