记 者丨江 佩 佩 见 习 记 者 张 嘉 钰 1 2 月 1 2 日，A 股 三 大 指 数 低 开 后 陆 续 翻 红， 截 至 1 1:0 5， 沪 指 涨 0.0 3 %，深 成 指 涨 0.7 4 %，创 业 板 指 涨 0.9 4 %，盘 面 上 超 3 5 0 0 股 上 涨 。 | 内地股票 | | | | --- | --- | --- | | 行情 | 资金净流入 | 涨跌分布 | | 上证指数 | 深证成指 | 北证50 | | 3874.34 | 13244.78 | 1461.74 | | +1.03 +0.03% +97.39 +0.74% +18.57 +1.29% | | | | 科创50 | 创业板指 | 万得全A | | 1340.15 | 3193.49 | 6256.61 | | +14.32 +1.08% +29.81 +0.94% +37.23 +0.60% | | | | 沪深300 | 中证500 | 中证A500 | | 4568.27 | 7146.24 | 5514.57 | | +16.08 +0.35% +63.34 +0.89% +28.26 +0. ...

09:34 摩尔线程跌超15% 摩尔线程早盘大幅走低，盘中跌超15%，股价回落至800元下方。 09:33零售板块短线走低，东百集团、永辉超市跌停，中百集团、三江购物、美凯龙、广百股份、国光 连锁等跟跌。 09:32北证50指数跌幅扩大至1%，现报1427.92点。 09:25港股黄金股走强，紫金矿业涨超3%，灵宝黄金涨3.23%，中国白银集团涨2.90%。 09:25 A股开盘丨三大指数涨跌不一 2025.12.12 本文字数：561，阅读时长大约1分钟 作者 |一财阿驴 09:22 港股开盘丨恒生指数高开0.9% 恒生指数高开0.9%，恒生科技指数涨1.02%。紫金矿业、京东健康涨逾3%，蔚来涨逾2%。 | HSTECH | 恒生科技 | mi | 56.56 | 1.02% | | --- | --- | --- | --- | --- | | મટા | 恒生指数 | ma | 230.90 | 0.90% | PS：家人们！ 沪指低开0.10%，深成指高开0.21%，创业板指高开0.29%。 | 代码 | 名称 | 两日图 | 现价 | 涨跌 | 涨跌幅 | | --- | --- | --- | ...

2025.12. 12 本文字数：561，阅读时长大约1分钟 作者 | 一财 阿驴 09:34 摩尔线程跌超15% 摩尔线程早盘大幅走低，盘中跌超15%，股价回落至800元下方。 09:33 零售板块短线走低，东百集团、永辉超市跌停，中百集团、三江购物、美凯龙、广百股份、 国光连锁等跟跌。 09:32 北证50指数跌幅扩大至1%，现报1427.92点。 09:25 港股黄金股走强，紫金矿业涨超3%，灵宝黄金涨3.23%，中国白银集团涨2.90%。 | | SSE CNY 9:25:02 集合亮价 查看L2全景 | | | 疑似减持受限 成 融 △ ○ + | | | --- | --- | --- | --- | --- | --- | | 委比 | -86.10% 委差 | -380 | Wind ESG评级 - | | 详情 | | 卖五 | 880.00 | 381 | रेस 0.00% 120日 | | 0.00% | | 壶四 | 879.99 | 11 | 5日 46.38% 250日 | | 0.00% | | 型三 | 879.92 | 2 | 20日 0.00% 52周高 | | 941. ...

Group 1 - The article highlights significant announcements in the stock market, including "suspension and resumption of trading, shareholding changes, investment wins, acquisitions, performance reports, unlocks, and high transfers" [1] - Important announcements are marked in red to assist investors in identifying investment hotspots and preventing various black swan events [1] - The article emphasizes the importance of timely information for investors to discern and find suitable listed companies [1] Group 2 - A company is noted for its long-term support of the Long March series rockets, focusing on sectors such as 6G, commercial aerospace, quantum technology, satellite navigation, CPO, military industry, and drones [1] - Another company specializes in storage chips, photoresists, and advanced packaging, with products applied in storage chips, third-generation semiconductors, and other specialty process chips [1] - A company plans to acquire a leading enterprise in the new energy segment, focusing on AI smartphones, energy storage, and lithium batteries [1]

会议认为，资本市场在经济运行中的财富效应与预期管理作用十分关键。股市稳健运行有助于提升居民 财产性收入，增强消费能力和消费信心，从而对扩大内需形成正向拉动，成为经济复苏过程中不可忽视 的重要力量。在此背景下，资本市场若能实现平稳健康发展，将进一步强化经济循环的良性机制。 在对明年的经济工作部署方面，会议提出要继续把扩大内需作为重点方向，通过提振消费专项行动、城 乡居民增收计划以及相关政策优化，进一步增强消费对经济增长的贡献。创新驱动仍被视为经济发展的 核心动力之一。会议提出要加快培育壮大新动能，建设北京、上海和粤港澳大湾区国际科技创新中心， 大力发展新质生产力。这些部署对于人工智能、固态电池、生物医药、深海经济等新兴领域都具有重要 的指导意义，科技产业也因此有望继续成为2026年的关键发展方向，并在资本市场中保持较高的关注 度。 在结构改革方面，会议强调要深化改革攻坚，提升高质量发展的动力与活力。对于产能过剩较为突出的 行业，将继续推进去产能和行业结构优化，以促进光伏、算力、汽车、锂电池等产业的高质量发展。在 扩大高水平开放方面，会议提出要推动制度型开放，扩大服务业自主开放空间，优化自由贸易试验区布 局，扎实 ...

（来源：三维通信） "浙江省服务业领军企业" 是省内服务业领域的重要荣誉，既是对企业规模与效益的权威认证，也代表着企业在技术创新、数字化转型与国际竞争力方面 的行业标杆地位，是推动浙江现代服务业高质量发展的重要力量。 三维通信旗下子公司海卫通斩获该项殊荣，是政府与行业对其深耕海事服务领域多年的高度肯定。作为国内颇具影响力的海事卫星通信与智慧信息化服务 商，公司始终聚焦全球海上通信与数字化需求，构建覆盖全球的海上通信网络与数字化服务体系。其创新打造的海事AI智能工作平台——海基平台，融 合前瞻性 6G、AI、IoT、混合云及边缘计算技术，为船东、船员和海事企业提供全场景智能解决方案，助力航运运营实现安全提升与效率优化。 "浙江省服务业领军企业" 是省内服务业领域的重要荣誉，既是对企业规模与效益的权威认证，也代表着企业在技术创新、数字化转型与国际竞争力方面 的行业标杆地位，是推动浙江现代服务业高质量发展的重要力量。 三维通信旗下子公司海卫通斩获该项殊荣，是政府与行业对其深耕海事服务领域多年的高度肯定。作为国内颇具影响力的海事卫星通信与智慧信息化服务 商，公司始终聚焦全球海上通信与数字化需求，构建覆盖全球的海上通信 ...

Core Insights - The Jiangsu Provincial Committee of the Communist Party of China has proposed to promote high-quality development of the marine economy and accelerate the construction of a strong marine province [1] - The focus is on enhancing marine technology capabilities, fostering high-level marine research institutions and technology enterprises, and advancing key marine technologies [1] - The development of modern shipping services and marine tourism industries is emphasized, along with the need for better port resource coordination and infrastructure improvements [1] Group 1: Marine Economy Development - The proposal includes the establishment of a national marine economy development demonstration zone, elevating the marine economy to a strategic level [2] - The potential of the marine economy is highlighted, with marine communication identified as a foundational infrastructure for future 6G networks [2] - The government work report has introduced "deep-sea technology" as a core emerging industry, indicating a shift towards supporting marine equipment, energy, and aquaculture sectors [2] Group 2: Industry Opportunities - The offshore wind and solar power sectors are expected to expand into deeper waters, indicating a significant growth opportunity [2] - The marine aquaculture industry is projected to have substantial growth potential, particularly for upstream feed companies that can leverage technological and service advantages [2] - Policy support and recovering demand are likely to benefit marine tourism enterprises with distinctive features [2]

InterDigital FY Conference Summary Company Overview - **Company**: InterDigital (NasdaqGS:IDCC) - **Industry**: Technology, specifically in wireless communication and video technologies - **Core Business**: Primarily a research company focused on developing and licensing patents related to wireless standards, video compression, and AI technologies [5][31][34] Key Points and Arguments Company Evolution and Strategy - InterDigital has evolved from a focus on digital telephony to a broader range of technologies, including cellular, Wi-Fi, and video compression, especially after acquiring Technicolor's research team [5][6] - The current management team, led by Liren Chen and Rajesh Pankaj, has significantly contributed to the company's recent successes [6] Patent Portfolio and Licensing - The company holds a substantial number of standard essential patents (SEPs) that are critical for the deployment of technologies like 5G and Wi-Fi [9][11] - InterDigital is involved in licensing agreements with major smartphone manufacturers, achieving compensation for 85% of the 1.2 billion smartphones sold annually [9][52] Financial Goals and Progress - InterDigital aims to reach $1 billion in annual recurring revenue (ARR) by 2030, with a current ARR of approximately $588 million, up from $400 million in 2024 [12][13] - The revenue breakdown includes $500 million from smartphones, $200 million from consumer electronics and IoT, and over $300 million from streaming services [13][14] Market Dynamics and Geopolitical Considerations - The company operates on a global scale, successfully navigating geopolitical tensions while maintaining relationships with manufacturers across different regions [17] - InterDigital's strategy includes focusing on licensing agreements through negotiation, with litigation as a last resort [34][48] Emerging Markets and Technologies - The company is venturing into the gaming and streaming markets, targeting over $300 million in revenue from these sectors, although current revenue is zero [19][20] - AI technologies are being integrated into their research and operations, enhancing their capabilities in video and cellular technologies [29][30] Financial Performance and Margins - InterDigital enjoys strong operating margins, with adjusted EBITDA margins exceeding 60% [24] - The company anticipates that new licensing agreements will lead to non-linear revenue growth, characterized by "catch-up sales" from prior usage before formal licensing [41][42] Challenges and Risks - The company faces challenges related to patent expiration and obsolescence, but maintains that their investments in research and development mitigate these risks [44][45] - The competitive landscape requires continuous innovation and adaptation to maintain market position [55] Additional Important Insights - InterDigital emphasizes its identity as a research company rather than a patent litigation firm, with over 90% of licensing agreements resolved without litigation [34] - The company is focused on solving complex problems in wireless communication, which positions it for long-term growth and value creation [55][56] - Future growth opportunities are seen in expanding their technology applications beyond smartphones, including automotive and IoT markets [50][51] This summary encapsulates the key points discussed during the InterDigital FY Conference, highlighting the company's strategic direction, financial goals, and market positioning.

中经记者 郭婧婷 北京报道 12月9日，由《中国经营报》主办的"2025中国企业竞争力年会"在京举行，在主题为"金融赋能实体经济 与新质生产力"圆桌论坛环节中，川财证券首席经济学家、研究所所长陈雳基于川财证券的央企控股背 景与实践，系统阐述了在新时代背景下，金融机构如何优化资源配置、聚焦国家战略，以及资本市场在 培育新质生产力中的独特作用。 川财证券首席经济学家、研究所所长陈雳 陈雳认为，在百年未有之大变局下，面对高度不确定的外部环境，我们更需练好内功，加快实现国产自 立与科技突破。资本市场也将大力做好"金融五篇大文章"，齐心聚力支持新质生产力，树立价值投资理 念、做好耐心资本，为"十五五"高质量发展和中国企业竞争力提升再添一把火。 立足国企禀赋 做好绿色金融特色发展 "川财证券股东有四大发电集团之一的中国华电，核心围绕着'双碳'目标，进一步保障能源供给安全的 同时，推动绿色低碳转型。"陈雳指出，在这一定位下，川财证券将绿色金融视为落实金融"五篇大文 章"的重要抓手。 "绿色金融与华电的产业方向高度契合，也是近年来资本市场最具活力的增长领域之一。"陈雳介绍，川 财证券依托股东产融协同平台，整合了租赁、信托、保 ...

据韩联社12月7日报道，韩国全南大学宣布成功研发多项融合人工智能（AI）的6G物理层原创技术，包 括神经解码器、图神经网络波束赋形等核心成果。相关研究可保障超低延迟与超高可靠性通信环境下的 稳定传输，已在国际权威SCI期刊发表5篇论文。团队与韩国电子通信研究院合作，已向国际6G标准化 会议提交技术提案。研究团队表示，6G标志着通信进入"AI自主学习网络"的智能时代，未来将拓展AI 无线接入网、AI原生网络等方向研究。 ...