Core Viewpoint - The company, Jieban Technology, is experiencing growth in its liquid cooling server business and has significant reliance on major clients like Foxconn and Apple, while also benefiting from the depreciation of the Chinese yuan. Group 1: Company Performance - Jieban Technology's stock increased by 0.49% with a trading volume of 297 million yuan and a market capitalization of 8.24 billion yuan [1] - The company reported a revenue of 962 million yuan for the period from January to September 2025, representing a year-on-year growth of 62.04%, while the net profit attributable to shareholders was a loss of 12.58 million yuan, a decrease of 1762.51% [7] - The company has distributed a total of 43.24 million yuan in dividends since its A-share listing [8] Group 2: Client and Revenue Dependency - The company's liquid cooling server business is progressing as planned, but specific project details cannot be disclosed due to confidentiality agreements [2] - Major clients include Foxconn, Quanta Computer, Compal Electronics, and BYD, with sales to Foxconn accounting for 35.58%, 36.85%, and 39.52% of revenue in recent periods [2] - A significant portion of the company's products is used in Apple's laptops and tablets, with sales to Apple products making up 85.22%, 77.95%, and 81.27% of revenue [2] Group 3: Market and Financial Analysis - The company's overseas revenue accounted for 67.79% of total revenue, benefiting from the depreciation of the yuan [3] - The average trading cost of the company's shares is 112.83 yuan, with the stock price nearing a support level of 110.45 yuan [6] - The main capital inflow for the stock today was 2.14 million yuan, with a net inflow of 14.67 billion yuan in the industry, indicating no clear trend in capital movement [4][5] Group 4: Shareholder Composition - As of September 30, 2025, the top ten circulating shareholders include several new institutional investors, with notable holdings from various funds [9]

格隆汇12月29日丨溯联股份(301397.SZ)在投资者互动平台表示，公司的液冷服务器相关业务主要由子 公司溯联智控执行。已开展业务的客户主要来自于热管理系统集成商以及服务器OEM/ODM，其中包括 全球主要的液冷组件厂和国内某全球领先的ICT（信息与通信）基础设施和智能终端提供商、主要算力 服务器制造商等。同时随着市场和技术的快速发展，公司也在积极开拓云服务以及芯片设计领域的相关 客户。 ...

格隆汇12月29日丨溯联股份(301397.SZ)在投资者互动平台表示，公司的液冷服务器相关业务主要由子 公司溯联智控执行。已开展业务的客户主要来自于热管理系统集成商以及服务器OEM/ODM，其中包括 全球主要的液冷组件厂和国内某全球领先的ICT（信息与通信）基础设施和智能终端提供商、主要算力 服务器制造商等。同时随着市场和技术的快速发展，公司也在积极开拓云服务以及芯片设计领域的相关 客户。 ...

Group 1 - The high-pressure oxygen chamber concept declined by 0.92%, ranking among the top declines in the concept sector, with companies like Innovation Medical, Aoyang Health, and Yinkang Life experiencing significant drops [1] - Among the concept stocks, Jinling Pharmaceutical, Tiedao Heavy Industry, and Hangyang Co. saw increases of 2.93%, 0.77%, and 0.26% respectively [1] - The top-performing concept sectors today included Hainan Free Trade Zone with a rise of 4.32%, and various metal sectors such as zinc and lead, which increased by 3.61% and 3.30% respectively [1] Group 2 - The high-pressure oxygen chamber concept experienced a net outflow of 199 million yuan, with six stocks seeing significant outflows, led by Innovation Medical with a net outflow of 132 million yuan [1] - Other companies with notable net outflows included Hangyang Co. and Yinkang Life, with outflows of 39.31 million yuan and 12.35 million yuan respectively [1] - Conversely, Aoyang Health, Jinling Pharmaceutical, and Dahu Co. were among the stocks with net inflows, receiving 2.49 million yuan, 2.04 million yuan, and 0.47 million yuan respectively [1]

自今年8月19日创下34.3元/股的历史新高后，河南大牛股飞龙股份（证券代码：002536.SZ）即迎来了长达3个月的回调，市值蒸发数十亿元。 不过4个月过去了，在多日实现大涨之后，飞龙股份股价已经悄然回归，只需一个2%左右的涨幅，就能创下新的历史记录。 "回血"的飞龙股份 视线拉回到8月19日，在连收四个涨停板后，当日飞龙股份分别创下34.3元/股历史最高价和32.75元/股的历史最高收盘价，随后该公司迎来了长达3个月的 回调，股价最低跌到20.2元/股，市值蒸70亿元。 不过，从11月24日最低点起，飞龙股份股股价便一路上涨，截至12月25日收盘，公司股价达到33.55元/股，盘中最高达到34.22元/股，较最低点涨幅达到 69.41%。 河南省资本圈观察到，如果和8月19日的股价对比，只需一个2%左右的涨幅，飞龙股份便能再创下新的的历史最高，一出大型"真香警告"正在A股上演。 同时，该公司总市值也从118.98亿元迅速增至192.8亿元，一个月暴增逾62.04%，位居河南上市公司牛股榜首（剔除新股）。 即使从行业来看，11月24日以来，飞龙股份股价涨幅也高居汽车零部件行业内259家上市公司第4位，仅次于 ...

证券日报网讯12月25日，真兰仪表（301303）在互动平台回答投资者提问时表示，公司主要从事燃气和 水计量产品及系统的研发、生产和销售；并布局汽车零部件的相关业务。公司产品与液冷服务器技术路 径、应用场景无直接关联，目前未涉足该领域研发或业务合作。公司会结合战略规划保持对该领域的动 态关注。 ...

格隆汇12月25日丨艾华集团(603989.SH)在投资者互动平台表示，铝电解电容器是支撑液冷服务器实现 高密度、高可靠AI算力的重要基础元件之一，应用位置集中于电源单元（PSU） 和主板/GPU的供电模 组（VRM）。公司目前在液冷服务器方面提供了相关解决方案。 ...

Group 1: Real Estate Policy Changes - Beijing's housing authority and three other departments issued a notice to optimize real estate policies, effective December 24. Non-Beijing households can now purchase homes with reduced social security or tax payment requirements, from "3 years" to "2 years" within the Fifth Ring Road, and from "2 years" to "1 year" outside it. Additionally, families with multiple children can buy one more home within the Fifth Ring Road. The mortgage rate will no longer differentiate between first and second homes, and the minimum down payment for second homes using public funds is reduced to 25% [1] Group 2: Monetary Policy and Economic Support - The People's Bank of China held a monetary policy committee meeting, emphasizing the need to maintain ample liquidity and align social financing growth with economic growth and price expectations. The meeting advocated for a moderately loose monetary policy and increased counter-cyclical adjustments [2] - On December 24, the People's Bank of China and eight other departments released guidelines to support the construction of the Western Land-Sea New Corridor, focusing on financing and settlement functions to enhance high-quality development [2] Group 3: Foreign Investment and Economic Performance - The National Development and Reform Commission and the Ministry of Commerce published the "Encouragement Directory for Foreign Investment Industries (2025 Edition)," effective February 1, 2026, aimed at optimizing foreign investment direction and improving investment quality [3] - From January to November, central enterprises achieved a value-added of 9.5 trillion yuan, a year-on-year increase of 1.4%. The annual labor productivity of central enterprises reached 811,000 yuan per person, up 3% year-on-year [3] Group 4: Investment Trends - On December 24, over 20 LOF funds, including Guotou Silver LOF, experienced a collective surge, with Guotou Silver LOF hitting a premium rate of 68.19% after three consecutive days of gains. The fund announced a temporary trading halt and reduced the minimum subscription limit for Class C shares from 500 yuan to 100 yuan [4] - The Hong Kong stock market is projected to see an IPO scale of 286.3 billion HKD in 2025, regaining the top position globally. The refinancing scale is expected to reach 316.6 billion HKD, significantly surpassing the figures from 2022 to 2024 [4] Group 5: Company Developments - Yundongchu Technology, part of the "Hangzhou Six Little Dragons," has initiated IPO counseling, with CITIC Securities as the advisory firm [6] - Fenglong Co., Ltd. plans to change its controlling shareholder to UBTECH, a leading humanoid robot company, with stock resuming trading on December 25 [6] - Wan Kai New Materials signed a business contract with Lingxin Qiaoshou to provide lightweight components related to humanoid robot arms [7] - Jiaheng Home Care is planning a change in company control, leading to a stock suspension starting December 25 [7]

从盘面上看，保险、煤炭、酿酒、银行等板块走低；军工、半导体、汽车等板块拉升，商业航天概念爆 发，液冷服务器、特高压概念等活跃。 财信证券认为，短期内大盘或维持震荡反弹势头，不过在全市场成交额暂未稳定在2万亿元以上的情况 下，仍以板块轮动思维参与市场，把握好结构性机会。展望后续，随着11月份经济数据公布以及海外三 大央行利率决议落地，宏观经济数据对市场影响消退，流动性及风险偏好对市场影响将增加，叠加国内 政策利好预期，市场有望逐步演绎"春季躁动"行情，指数放量突破均线将是观察"春季躁动"行情开启的 关键信号。 （文章来源：证券时报网） 24日早盘，两市主要股指盘中震荡上扬，全A近3900股飘红。 截至午间收盘，沪指涨0.24%报3929.25点，深证成指涨0.31%，创业板指微涨0.08%，沪深北三市合计成 交11593亿元。 ...

12月24日，早盘窄幅震荡，三大指数一度集体翻绿，随后再度拉升翻红。黄白两线分化加剧，中小盘股 表现较强。截至午盘，沪指涨0.24%，深成指涨0.31%，创指涨0.08%。沪深两市半日成交额1.15万亿， 较上个交易日缩量895亿。 从板块来看，商业航天概念持续走强，近20只成分股涨停。福建板块再度走强，安记食品7天4板，合兴 包装3连板。半导体板块表现活跃，圣晖集成3连板。下跌方面，贵金属概念高开低走，山金国际、西部 黄金下挫。乳业概念回调，庄园牧场触及跌停。 光大证券指出，指数层面继续延续区间震荡，市场热点继续轮动，缺乏持续性主线。不排除后续仍有大 幅波动的可能性，不过跨年行情依旧是可期的。 热门板块 1、商业航天持续拉升 商业航天概念盘中持续拉升，中超控股、直线涨停，此前神剑股份5连板，新雷能、隆基机械、再升科 技等多股涨停，超捷股份、天银机电、信维通信均涨超10%。 点评：消息面上，据证监会网上办事服务平台披露，近日，蓝箭航天IPO辅导工作正式完成，辅导机构 为中金公司。开源证券表示，2030年中国商业航天发射与制造产值有望达850亿元。 点评：消息面上，福建平潭全力冲刺新一轮封关运作。接下来，平潭将 ...