临近年末，A股市场持续震荡，个股分化加剧。然而，与指数跌宕起伏形成鲜明对比的是，商业航天、 可控核聚变、无人驾驶、海南自贸港、新零售等主题概念板块却如火如荼，部分板块指数更在近期创出 历史新高。这种"个股分化、主题高潮"的分化格局，正成为年末市场最显著的特征，也考验着每一位市 场参与者的智慧。 多家受访的私募机构表示，这一现象是年末资金调仓与产业事件催化共振的结果。面对分化加剧的市 场，有的私募机构"拥抱趋势"，有的"坚守价值"。机构的共识是，要对以AI为核心的产业机遇提前展开 多层次布局。 ● 本报记者 王辉 有私募人士进一步表示，这种极端分化也暴露了当前市场拉锯的"AB两面"：基本面缺乏清晰指引，赚 钱效应集中在狭窄的赛道内。把脉投资研究经理郑露娇提供的数据显示，近期市场成交量与两融交易活 跃度均有所回落，游资龙虎榜交易热度却逆势回升，这表明活跃资金正高度聚焦短期题材进行博弈，进 而成为一种典型的"短期应对策略"。 "拥抱趋势"与"坚守价值" 面对如火如荼的主题行情，不同的私募机构展现出截然不同的应对策略与战术选择，其核心分歧在于如 何平衡"拥抱趋势"与"坚守价值"。 "我们当前正处在'政策预期大于业绩验 ...

山海之间，智能驰骋！12月23日，交通运输部官方抖音号发布主题视频《青岛·无人配送车之城》，点 赞新石器在青岛开展的无人车送货模式："在青岛，新石器无人车正在重新定义物流配送，与这座城市 的脉搏共同跳动。" 财经频道更多独家策划、专家专栏，免费查阅>> 责任编辑：山上 在向海而生的青岛，无人车犹如"城市精灵"，穿梭于红瓦绿树与滨海街巷。它们载着蛋糕、鲜花等各类 商品，妥帖守护每份期待，温柔衔接心与愿的距离。不扰街道原貌，却以准时守信的姿态，让智能服务 深度融入市井烟火，成为这座城市不可或缺的温暖印记。 自今年下半年以来，新石器无人车与滴滴送货合作，在青岛布局无人车送货业务，陆续投放超过1200台 无人车，推动青岛成为全球无人驾驶车辆最多的城市。 ...

记者丨杨娜娜 编辑丨姜诗蔷 "错失一个时代的风险，远大于过早担忧泡沫的风险"，这是但斌的AI时代宣言。 2 0 2 6年或将成为" A I应用爆发之年" 对AI时代的坚定信仰，是但斌近年所有公开判断的核心底色。 他将当前的AI革命，定义为一 场堪比工业革命的时代机遇。 当现场被问及这场革命的终极目的时，但斌的视野超越了当下的商业图景，投向了遥远的人 类发展课题。 他从星系演化的角度解释，地球终非人类永久的家园，人类若想延续文明，就必须走向太阳 系之外。"在这一漫长的迁徙历程中，人工智能可能是从碳基生命向硅基生命过渡的关键起 点，将引领人类穿越太阳系，开启一个真正的伟大时代。" 而在当下他认为，无论是攻克癌症、延长平均寿命，还是通过"人机融合"逼近某种意义上 的"永生"，乃至无人驾驶等领域的突破，都构成了技术落地的重要图景。 在具体的投资布局上，他坦言自己始终倾向于寻找具备长期确定性的企业，尤其是能定义未 来、拥有宽阔护城河的全球科技龙头。根据美国证券交易委员会（SEC）的13F文件，截至今 年三季度末，东方港湾海外基金的第一大重仓股是英伟达，第二大是谷歌。"我们的布局还是 以确定性为主。"但斌强调。 在12月 ...

Market Overview - On December 24, the trading volume of the Shanghai and Shenzhen stock markets reached 1.88 trillion yuan, a decrease of 19.6 billion yuan compared to the previous trading day [1] - Sectors such as commercial aerospace, computing hardware, and PCB concepts saw significant gains, while precious metals, insurance, and dairy sectors experienced declines [1] Stock Performance - Notable gainers included: - Shengtong Energy (+9.99%, 34.79 yuan) with a control change and consecutive gains [2] - Jiamei Packaging (+10.07%, 8.09 yuan) also benefiting from a control change [2] - Zhejiang Shibao (+10.02%, 20.42 yuan) linked to L3 autonomous driving and intelligent steering [2] - Shenjian Co. (+10.01%, 10.88 yuan) associated with commercial aerospace and polyester resin [2] - Other stocks with notable performance included Hainan Development (+10.01%, 19.35 yuan) and Huazhong Holdings (+9.95%, 6.74 yuan) [2][3] Trading Dynamics - The top three net purchases on the daily leaderboard were: - Tianyin Electric with a net purchase of 344 million yuan [5] - Tianji Co. with a net purchase of 282 million yuan [5] - Tongyu Communications with a net purchase of 262 million yuan [5] - Conversely, the top three net sales were: - Xue Ren Group with a net sale of 205 million yuan [6] - Zhangyuan Tungsten with a net sale of 162 million yuan [6] - Zhongguang Lightning with a net sale of 106 million yuan [6] Sector Highlights - Tianyin Electric is involved in commercial aerospace and has recently completed batch deliveries of star sensors for low-orbit satellite networks [9] - Tongyu Communications is focused on satellite communication and has established a comprehensive product system covering the entire satellite communication chain [13] Institutional Activity - Institutional net purchases were significant for: - Tianyin Electric with 496 million yuan [17] - Tongyu Communications with 214 million yuan [17] - Notable net sales included: - Zhangyuan Tungsten with 164 million yuan [17] - Delicate Co. with 471 million yuan [17]

格隆汇12月24日丨海洋王(002724.SZ)在投资者互动平台表示，公司产品暂无应用于无人驾驶方面的项 目。 ...

12月24日，移远通信盘中上涨2.10%，截至14:09，报94.59元/股，成交4.50亿元，换手率1.84%，总市值 247.50亿元。 资金流向方面，主力资金净流入999.45万元，特大单买入2611.43万元，占比5.81%，卖出2182.13万元， 占比4.85%；大单买入1.19亿元，占比26.44%，卖出1.13亿元，占比25.17%。 移远通信今年以来股价涨40.20%，近5个交易日跌0.22%，近20日涨8.56%，近60日跌6.17%。 今年以来移远通信已经2次登上龙虎榜，最近一次登上龙虎榜为4月8日。 资料显示，上海移远通信技术股份有限公司位于上海市闵行区田林路1016号科技绿洲3期(B区)5号楼， 成立日期2010年10月25日，上市日期2019年7月16日，公司主营业务涉及从事物联网领域无线通信模组 及其解决方案的设计、生产、研发与销售服务。主营业务收入构成为：模组+天线99.32%，其他 0.68%。 移远通信所属申万行业为：通信-通信设备-通信终端及配件。所属概念板块包括：毫米波雷达、无人驾 驶、6G概念、无人机、5G等。 截至9月30日，移远通信股东户数4.24万，较上期增加1 ...

通过天眼查大数据分析，城市之光（深圳）无人驾驶有限公司共对外投资了17家企业，知识产权方面有 商标信息215条，专利信息138条，此外企业还拥有行政许可13个。 天眼查信息显示，城市之光（深圳）无人驾驶有限公司的股东为：深圳市迪迦科技发展投资有限公司、 深圳市阳曦企业管理合伙企业（有限合伙）、深圳衍生纪科技有限公司。 来源：市场资讯 12月23日，天眼查融资历程显示，城市之光（深圳）无人驾驶有限公司近日获得"Pre-A轮"融资，涉及 融资金额数千万人民币，投资机构为中信建投资本。 资料显示，城市之光（深圳）无人驾驶有限公司法定代表人为郭馨阳，成立于2021年，位于深圳市，是 一家以从事科技推广和应用服务业为主的企业。企业注册资本3509.6万人民币，并已于2025年完成了 Pre-A轮，交易金额数千万人民币。 ...

Core Viewpoint - Huadian Co., Ltd. has shown significant stock performance with an 86.08% increase year-to-date, reflecting strong market interest and financial growth in the printed circuit board (PCB) sector [1][2]. Financial Performance - For the period from January to September 2025, Huadian Co., Ltd. achieved a revenue of 13.512 billion yuan, representing a year-on-year growth of 49.96% [2]. - The net profit attributable to shareholders for the same period was 2.718 billion yuan, with a year-on-year increase of 47.03% [2]. Stock Market Activity - As of December 24, the stock price of Huadian Co., Ltd. was 72.85 yuan per share, with a trading volume of 2.135 billion yuan and a turnover rate of 1.55% [1]. - The company has appeared on the "龙虎榜" (a list of stocks with significant trading activity) six times this year, with the most recent appearance on November 25, where it recorded a net buy of 311 million yuan [1]. Shareholder Information - As of September 30, 2025, the number of shareholders for Huadian Co., Ltd. was 162,000, an increase of 26.43% from the previous period [2]. - The average number of tradable shares per shareholder decreased by 20.88% to 11,866 shares [2]. Dividend Distribution - Since its A-share listing, Huadian Co., Ltd. has distributed a total of 4.112 billion yuan in dividends, with 2.204 billion yuan distributed over the last three years [3]. Institutional Holdings - As of September 30, 2025, the top ten circulating shareholders included Hong Kong Central Clearing Limited, which held 141 million shares, an increase of 17.244 million shares from the previous period [3]. - Other notable institutional shareholders included Huatai-PB CSI 300 ETF and E Fund SSE 50 Enhanced A, with varying changes in their holdings [3].

Market Overview - The A-share market experienced a slight upward trend on December 24, with the Shanghai Composite Index rising by 0.24%, the Shenzhen Component Index by 0.31%, and the ChiNext Index by 0.08% [1] - The commercial aerospace sector saw significant gains, with stocks in this category accelerating their upward movement [1] Commercial Aerospace Sector - Commercial aerospace concept stocks surged, with Chaojie Co., Ltd. (301005) hitting the daily limit with a 20% increase, while China Satellite (600118), Xingwang Yuda (002829), and Boyun New Materials (002297) also reached their daily limits [3] - Key stock performance includes: - Chaojie Co., Ltd.: Current price 112.44, up 20.00%, market cap 15.1 billion - Tianyin Electromechanical: Current price 29.44, up 12.11%, market cap 12.5 billion - China DS: Current price 66.12, up 10.00%, market cap 78.2 billion [4] Recent Developments in Commercial Aerospace - Blue Arrow Aerospace completed its IPO guidance work, marking a significant step in its journey in the capital market. The company focuses on the development and operation of medium to large launch vehicles using liquid oxygen and methane propellants [5] - The Long March 12A rocket successfully completed its maiden flight on December 23, achieving its secondary orbit target, although the primary rocket recovery did not meet expectations. This mission provided valuable data for future technology iterations [6] Autonomous Driving Sector - The autonomous driving sector also showed strong performance, with stocks such as Xingwang Yuda and Hezhong Shizhuang (002383) hitting their daily limits, while Zhejiang Shibao (002703) and others followed suit [7] - Key stock performance includes: - Xingwang Yuda: Current price 30.06, up 9.99%, market cap 6.2 billion - Hezhong Shizhuang: Current price 11.37, up 9.96%, market cap 8.4 billion [8] Regulatory Developments in Autonomous Driving - On December 23, Beijing issued the first batch of L3-level special license plates for autonomous driving vehicles, officially recognizing three intelligent connected vehicles [9]

Market Overview - The A-share market experienced a slight upward trend on December 24, with the Shanghai Composite Index rising by 0.24% to 3929.25, the Shenzhen Component Index increasing by 0.31% to 13410.05, and the ChiNext Index up by 0.08% to 3207.59 [2][3]. Commercial Aerospace Sector - The commercial aerospace sector is witnessing a significant surge, with stocks such as Chaojie Co., Ltd. hitting the daily limit of 20% increase, alongside China Satellite, Xingwang Yuda, and Boyun New Materials also reaching their daily limits [6][9]. - Blue Arrow Aerospace has completed its IPO guidance work, marking a significant step in its journey in the capital market. Established in 2015, it focuses on the development and operation of medium to large launch vehicles using liquid oxygen and methane propellants [9][10]. Recent Launches - On December 23, the Long March 12A rocket successfully completed its maiden flight, achieving its secondary orbit target, although the primary rocket recovery did not meet expectations. This mission is crucial for accumulating valuable data and practical experience for future technology iterations [10]. Autonomous Driving Sector - The autonomous driving sector is also showing strong performance, with stocks like Xingwang Yuda and Hezhong Shizhuang reaching their daily limits, while Zhejiang Shibao, Yatai Shares, and Beidou Xingtong are also experiencing gains [11][12]. - On December 23, Beijing issued the first batch of L3-level special license plates for autonomous vehicles, indicating progress in the regulatory framework for autonomous driving [14]. Sector Performance - The commercial aerospace concept stocks are leading the market, while sectors such as environmental protection, military industry, and intelligent driving are also performing actively. In contrast, coal, food, and insurance sectors are experiencing fluctuations [3][4].