Market Overview - The Shanghai Composite Index (沪指) continued to rise, reaching 4057 points, surpassing the previous high from November 14, 2025, and marking the highest level since July 2015 [1] - The index achieved a record of 12 consecutive daily gains, the longest since 1993, with the previous record being 11 consecutive gains [6] Brain-Computer Interface Sector - Companies in the brain-computer interface sector, such as Xiangyu Medical (翔宇医疗) and Aipeng Medical (爱朋医疗), experienced significant stock price increases, with both reaching the daily limit of a 20% rise [1] - Other medical companies like Meihua Medical (美好医疗) and Chuangxin Medical (创新医疗) also saw substantial gains, with increases of approximately 20% and 10% respectively [2] Solid-State Battery Sector - The solid-state battery concept saw a surge in early trading, with companies like Puli Te (普利特) and Jinlongyu (金龙羽) hitting their daily price limits, while others like Aotwei (奥特维) and Daoshi Technology (道氏技术) rose over 10% [2] - Donut Lab, a Finnish electric mobility technology company, announced the launch of the world's first commercially viable solid-state battery at the CES 2026, emphasizing its readiness for production [5] - According to Zhongjin Company, solid-state batteries are expected to achieve technical stabilization and small-scale production by 2027, with commercial production anticipated by 2030, and demand projected to exceed 150 GWh [5] Investment Outlook - Analysts from Dongzheng Futures and Debang Securities suggest that the current market sentiment is positive, with technology stocks expected to remain a key focus in the near term [6] - The market is anticipated to continue its upward trend, supported by the performance of heavyweight sectors such as insurance, which could enhance the sustainability of the rally [6]

截至12月19日，鹏辉能源股东户数5.22万，较上期减少3.32%；人均流通股7746股，较上期增加3.43%。 2025年1月-9月，鹏辉能源实现营业收入75.81亿元，同比增长34.23%；归母净利润1.15亿元，同比增长 89.33%。 分红方面，鹏辉能源A股上市后累计派现2.52亿元。近三年，累计派现9924.72万元。 鹏辉能源今年以来股价跌0.90%，近5个交易日跌8.58%，近20日跌2.51%，近60日涨44.85%。 资料显示，广州鹏辉能源科技股份有限公司位于广东省广州市番禺区沙湾镇市良路(西村段)912号，成 立日期2001年1月18日，上市日期2015年4月24日，公司主营业务涉及锂离子电池、一次电池的研发、生 产和销售。主营业务收入构成为：锂离子电池98.89%，其他(补充)1.11%。 鹏辉能源所属申万行业为：电力设备-电池-锂电池。所属概念板块包括：石墨烯、固态电池、无线耳 机、电子烟、ETC概念等。 1月6日，鹏辉能源盘中下跌2.01%，截至10:38，报52.74元/股，成交5.57亿元，换手率2.58%，总市值 265.46亿元。 资金流向方面，主力资金净流出262.94万元 ...

Core Insights - The report emphasizes the focus on technological growth in the machinery equipment industry, particularly in high-end manufacturing, as a key driver for investment opportunities in 2026, despite ongoing pressures on domestic and international demand [1] - The report maintains a "stronger than market" rating for the machinery equipment sector, highlighting the potential of hard technology sectors such as controllable nuclear fusion, liquid cooling, solid-state battery equipment, and humanoid robots [1] Controllable Nuclear Fusion - Controllable nuclear fusion is viewed as an ideal energy source due to its abundant fuel resources, high energy density, cleanliness, and safety [12][14] - The commercial application of controllable nuclear fusion is entering a phase of engineering feasibility verification, with significant breakthroughs and increased government investment expected to accelerate commercialization [5][12] - The BEST project has achieved key milestones, including the successful development of critical components, and is set to enter a phase of large-scale bidding in the fourth quarter of 2025, indicating a new stage in the construction of controllable nuclear fusion facilities [29][32] Liquid Cooling - The demand for liquid cooling is expected to rise significantly due to the increasing power requirements of AI and data centers, which are pushing traditional cooling methods to their limits [5][12] - The market for liquid cooling is projected to grow rapidly, driven by industry and policy support, with cold plate liquid cooling being the mainstream solution [5][12] - Key players in the liquid cooling sector, including those providing core components and innovative technologies like microchannel liquid cooling, are recommended for investment [5][12] Lithium Battery Equipment - The lithium battery equipment sector is entering a new capital expenditure cycle, driven by strong demand from electric vehicles and energy storage, leading to a recovery in the industry [5][12] - Solid-state batteries are expected to benefit from early-stage production and technological advancements, with major battery manufacturers planning to achieve small-scale production by 2027-2028 [5][12] - Investment opportunities are highlighted in companies involved in lithium battery equipment manufacturing, particularly those that are well-positioned to capitalize on the upcoming capital expenditure cycle [5][12] Humanoid Robots - The humanoid robot sector is transitioning into a phase of mass production, with several companies achieving breakthroughs in orders and deliveries [5][12] - Investment opportunities are identified in core components such as reducers, motors, and sensors, which are expected to benefit from the scaling of humanoid robot production [5][12] - The report notes that while hardware technology is improving, challenges remain in software and control systems that need to be addressed for further commercialization [5][12] Engineering Machinery - The engineering machinery sector is showing signs of recovery, with excavator sales in China increasing by 16.7% year-on-year in the first eleven months of 2025, indicating a rebound in both domestic and international demand [5][12] - The report anticipates a new upward cycle in the engineering machinery industry, supported by infrastructure investments and a recovering global economy [5][12] - Recommended companies in this sector include those that are well-positioned to benefit from the anticipated demand growth in both domestic and international markets [5][12]

盘面上，能源金属、医药商业、贵金属、有色金属、人脑工程概念等板块开盘活跃；船舶制造、航空航 天、玻璃玻纤、石油、燃气等板块开盘走低。 证券板块持续拉升，华林证券涨停，华安证券涨近9%，国泰海通、华泰证券、东北证券跟涨。 券商股集体爆发，其中华林证券直线拉升涨停。 1月6日早盘，A股三大指数开盘涨跌不一。截至发稿，三大指数全线飘红。上证指数持续走强，突破 2025年11月14日的阶段高点，刷新2015年7月底以来的新高。科创50指数涨超2%。 | 名称 | 序号 | 现价 | 涨跌 | 涨跌幅 | | --- | --- | --- | --- | --- | | 上证指数 | 1 | 4052.29 | 28.87 | 0.72% | | 深证成指 | 2 | 13918.96 | 90.33 | 0.65% | | 科创综指 | 3 | 1716.13 | 20.29 | 1.20% | | 万得全A | ব | 6595.03 | 57.09 | 0.87% | | 创业板指 | 5 | 3298.58 | 4.03 | 0.12% | | 北证50 | 6 | 1478.81 | 12.39 | 0.8 ...

Core Viewpoint - Wanrun New Energy's stock has experienced a decline in recent trading sessions, with a notable drop of 8.96% over the past five days, despite a 19.73% increase over the last 60 days [1]. Group 1: Stock Performance - As of January 6, Wanrun New Energy's stock price was 74.65 yuan per share, with a market capitalization of 9.415 billion yuan [1]. - The stock has seen a year-to-date decline of 0.99% and a 20-day decline of 4.88% [1]. - The trading volume on January 6 was 1.90 billion yuan, with a turnover rate of 2.97% [1]. Group 2: Financial Performance - For the period from January to September 2025, Wanrun New Energy reported a revenue of 7.336 billion yuan, reflecting a year-on-year growth of 51.18% [2]. - The company recorded a net profit attributable to shareholders of -352 million yuan, which is a 41.12% increase year-on-year [2]. Group 3: Shareholder Information - As of September 30, 2025, the number of shareholders for Wanrun New Energy increased by 18.84% to 16,600 [2]. - The average number of circulating shares per shareholder decreased by 15.85% to 5,099 shares [2]. - The top three circulating shareholders include Donghai Securities Co., Ltd. with 2.2657 million shares and Hong Kong Central Clearing Limited as a new shareholder with 2.0843 million shares [3]. Group 4: Business Overview - Wanrun New Energy, established on December 24, 2010, specializes in the research, production, sales, and service of lithium battery cathode materials [1]. - The company's main revenue sources include lithium iron phosphate (96.49%), by-products (2.83%), lithium phosphate (0.41%), and others (0.27%) [1]. - The company operates within the electric equipment industry, focusing on battery and battery chemical products, and is involved in concepts such as sodium batteries, lithium iron phosphate, solid-state batteries, small-cap stocks, and energy storage [1].

Core Viewpoint - The stock of Furui Co., Ltd. has experienced a consecutive two-day limit-up, indicating strong market interest and activity in the solid-state battery sector and related concepts such as lithium batteries and new energy vehicles [1] Group 1: Stock Performance - Furui Co., Ltd. achieved a limit-up at 9:48 AM today with a trading volume of 1.749 billion yuan and a turnover rate of 13.22% [1] Group 2: Market Trends - The solid-state battery concept sector has seen increased activity recently, leading to heightened market attention on related concepts [1]

消息面上，芬兰电动出行技术公司Donut Lab，在1月5日宣布，将在美国当地时间6日举行的2026 CES电 子消费展上，首发其全球首款可商业化、具备量产条件的全固态电池，并强调"现已可投入生产"。 中金公司预计，全固态电池有望于2027年实现技术定型和小规模量产，2030年实现商业化量产，需求量 有望超150GWh。广发证券表示，固态电池目前已经进入中试线阶段，产业化突破前夕设备厂商率先受 益，部分厂商已经实现相关设备出货以及配合下游客户进行工艺路线验证。投资方向上建议关注具备整 线交付能力的设备厂商和受益于工艺边际变化的设备厂商。 脑机接口概念延续强势，三博脑科两连板。 | 一博脑科 | 84.94 | 20.01% | 14.16 | | --- | --- | --- | --- | | 301293 融 | | | | | 翔宇医疗 | 87.12 | 20.00% | 14.52 | | 688626 科创 融 | | | | | 爱朋医疗 | 39.96 | 20.00% | 6.66 | | 300753 | | | | | 美好医疗 | 34.63 | 19.99% | 5.77 | | ...

Core Viewpoint - Tian Tie Technology is not directly producing solid-state batteries but is involved in the development and production of lithium metal and copper-lithium composite strip products, which serve as anode materials for solid-state batteries [2] Group 1: Company Developments - Tian Tie Technology's wholly-owned subsidiary, Anhui Tian Tie Lithium Battery New Energy Co., Ltd., produces lithium metal and copper-lithium composite strip products [2] - The company has invested in Shenzhen Xinjie Energy Technology Co., Ltd., which has a planned total capacity of 10GWh for solid-state lithium metal battery production, with the first phase of 2GWh capacity already announced to be operational as of December 29, 2025 [2] - The first batch of high-energy lithium metal solid-state cylindrical batteries is targeted for high-end consumer electronics, covering applications such as drones, eBikes, electric motorcycles, floor-cleaning robots, and AGVs [2] Group 2: Future Plans - The second phase of production capacity is planned to be 8GWh, focusing on eVTOL, embodied robots, and new energy vehicles [2] - Currently, the company's liquid cooling products have not been applied in the cooling of robots [2]

Core Viewpoint - The stock of Kolyuan has shown a positive trend with a 2.01% increase on January 6, 2025, reaching 7.09 yuan per share, indicating a growing interest in the company's performance and market position [1]. Company Overview - Kolyuan New Energy Co., Ltd. is located in Hunan Province and was established on January 24, 1998, with its stock listed on September 18, 2003. The company focuses on battery and material businesses, particularly in the nickel-hydrogen battery sector, and is expanding into lithium battery upstream supply chains [2]. - The company's revenue composition includes: 30.14% from power batteries and pole pieces, 29.76% from consumer batteries, 13.66% from nickel products, 9.26% from trade income, 7.00% from lithium battery materials, 6.31% from energy storage products, and 3.87% from other sources [2]. Financial Performance - For the period from January to September 2025, Kolyuan achieved a revenue of 3.086 billion yuan, representing a year-on-year growth of 25.25%. The net profit attributable to shareholders reached 132 million yuan, showing a significant increase of 539.97% [2]. - Cumulatively, the company has distributed 89.32 million yuan in dividends since its A-share listing, with 24.98 million yuan distributed over the past three years [3]. Shareholder Information - As of September 30, 2025, Kolyuan had 85,700 shareholders, a decrease of 17.04% from the previous period. The average number of circulating shares per shareholder increased by 20.54% to 19,427 shares [2]. - Notable institutional holdings include Hong Kong Central Clearing Limited as the eighth largest shareholder with 18.7572 million shares and the Harvest CSI Rare Earth Industry ETF as the ninth largest shareholder with 14.3275 million shares, both being new entrants [3].

每经AI快讯，1月6日，固态电池板块开盘活跃，金龙羽直线涨停，可川科技、奥特维、道氏技术、滨 海能源等涨超5%。 （文章来源：每日经济新闻） ...