当前A 股市场可能继续呈现蓄势震荡的特征，在国内政策预期升温与三季报业绩验证的支撑下，结构性机会依然丰富。投资者宜保持战略定力，在震荡市中 积极寻找下一阶段的优质资产。科技成长仍是市场中长期主线，在良性调整期间宜择优布局。同时关注三季报业绩验证，寻找盈利优势明显的细分方向。操 作上宜均衡配置，在科技成长与红利价值之间寻求平衡，兼顾进攻与防御。预计短期市场以稳步震荡上行为主，仍需密切关注政策面、资金面以及外盘的变 化情况。短线建议关注通信设备、电子元件、半导体以及消费电子等行业的投资机会。 主力净流入行业板块前五：国产软件，半导体，传媒，游戏，手游； 主力净流入概念板块前五：人工智能，大数据，阿里巴巴概念股，区块链，数字经 济； 主力净流入个股前十：利欧股份、北方华创、蓝色光标、新易盛、寒武纪、华胜天成、东芯股份、三六零、中微公司、华夏幸福 今年以来，二级市场上有色股业绩整体亮眼。Wind数据显示，申万一级有色金属行业141家上市公司已经全部公布三季度报告，前三季度，108家公司营收 规模实现同比增长；96家公司归母净利润同比增长，占比接近七成，其中有23家公司同比增幅超过一倍。与此同时，行业上市公司纷纷通过收 ...

Core Viewpoint - Shandong Province is advancing the systematic development of manufacturing pilot platforms through a strategy of "strengthening a batch, activating a batch, and supplementing a batch" to enhance innovation and industrial development [1][2]. Group 1: Development Strategy - Shandong will promote the integration of pilot platform construction with existing technological innovation platforms, national high-tech development zones, industrial parks, and advanced manufacturing clusters to create synergistic effects [1]. - The province aims to strengthen pilot platforms by focusing on strategic positioning, foundational capabilities, technological advantages, operational mechanisms, service effectiveness, and future potential [1]. Group 2: Implementation Measures - Local industrial and information authorities will conduct activities such as intelligent diagnostics, targeted enhancements, training exchanges, and experience empowerment for pilot platforms that have public service attributes but require improvement [1]. - The province encourages strategic restructuring and professional integration to activate underperforming pilot platforms, guiding them to explore new fields and enhance core functions in testing and verification [1]. Group 3: Focus Areas - Shandong will focus on key industries such as artificial intelligence, humanoid robots, quantum technology, clean low-carbon hydrogen, biomedicine, industrial mother machines, instruments, major technical equipment, new materials, and information technology to address future development and industrial safety [2].

Core Viewpoint - The stock of Dayang Electric experienced a decline of 2.05% on November 18, with a trading price of 10.52 yuan per share and a total market capitalization of 25.839 billion yuan, despite an overall increase of 86.49% year-to-date [1] Group 1: Company Overview - Dayang Electric, established on October 23, 2000, and listed on June 19, 2008, is located in Zhongshan, Guangdong Province. The company specializes in the production and sales of micro-special motors, electric drive systems for new energy vehicles, starters, generators, and magnetic materials [2] - The revenue composition of Dayang Electric includes: 60.99% from building and household motors, 26.56% from starters and generators, 11.62% from new energy vehicle powertrains, and 0.80% from other sources [2] - As of October 31, 2025, the number of shareholders of Dayang Electric was 212,300, an increase of 6.51% from the previous period, with an average of 8,618 circulating shares per person, a decrease of 6.12% [2] Group 2: Financial Performance - For the period from January to September 2025, Dayang Electric achieved an operating income of 9.18 billion yuan, representing a year-on-year growth of 3.81%, and a net profit attributable to shareholders of 845 million yuan, reflecting a year-on-year increase of 25.95% [2] - The company has distributed a total of 4.092 billion yuan in dividends since its A-share listing, with 1.394 billion yuan distributed in the last three years [3] Group 3: Stock Market Activity - On November 18, 2025, Dayang Electric's stock saw a net outflow of 34.55 million yuan in principal funds, with significant buying and selling activity recorded [1] - The stock has appeared on the "Dragon and Tiger List" four times this year, with the most recent instance on October 20, where it recorded a net purchase of 230 million yuan [1]

11月18日，金力永磁盘中下跌2.03%，截至14:01，报34.34元/股，成交6.76亿元，换手率1.73%，总市值 472.38亿元。 资金流向方面，主力资金净流出5976.02万元，特大单买入2747.63万元，占比4.06%，卖出5614.86万 元，占比8.30%；大单买入1.40亿元，占比20.72%，卖出1.71亿元，占比25.32%。 金力永磁今年以来股价涨95.32%，近5个交易日跌2.30%，近20日跌13.57%，近60日涨17.84%。 今年以来金力永磁已经3次登上龙虎榜，最近一次登上龙虎榜为10月13日。 金力永磁所属申万行业为：有色金属-金属新材料-磁性材料。所属概念板块包括：稀缺资源、稀土永 磁、人形机器人、高送转、汽车零部件等。 截至9月30日，金力永磁股东户数13.40万，较上期增加35.31%；人均流通股0股，较上期增加0.00%。 2025年1月-9月，金力永磁实现营业收入53.73亿元，同比增长7.16%；归母净利润5.15亿元，同比增长 161.81%。 分红方面，金力永磁A股上市后累计派现14.71亿元。近三年，累计派现10.84亿元。 机构持仓方面，截止2025 ...

分红方面，博实股份A股上市后累计派现17.91亿元。近三年，累计派现7.65亿元。 11月18日，博实股份盘中下跌2.00%，截至14:14，报15.17元/股，成交1.09亿元，换手率0.85%，总市值 155.12亿元。 机构持仓方面，截止2025年9月30日，博实股份十大流通股东中，香港中央结算有限公司位居第九大流 通股东，持股1119.98万股，为新进股东。 资金流向方面，主力资金净流出1969.77万元，特大单买入0.00元，占比0.00%，卖出934.78万元，占比 8.54%；大单买入1645.04万元，占比15.03%，卖出2680.03万元，占比24.48%。 责任编辑：小浪快报 博实股份今年以来股价跌9.43%，近5个交易日跌3.62%，近20日跌6.70%，近60日跌11.03%。 资料显示，哈尔滨博实自动化股份有限公司位于黑龙江省哈尔滨开发区迎宾路集中区东湖街9号，成立 日期1997年9月12日，上市日期2012年9月11日，公司主营业务涉及从事智能制造装备的研发、生产、销 售,从事智能制造装备领域的工业服务,以及聚焦于工业废酸回收再利用领域的节能环保工艺与装备的研 发、生产、销售,并 ...

下游需求的旺盛为业绩增长提供了坚实支撑。金力永磁在新能源汽车、风力发电、变频节能空调三大核 心应用领域市占率均位居全球第一，其中新能源汽车领域磁材可装配550万辆电动车，全球市占率超 30%。2024年公司高性能磁材产销量同比增长约40%，产能利用率始终保持在90%以上，充足的在手订 单为营收增长奠定基础。同时，公司积极布局人形机器人用磁体及磁组件等新兴领域，这些新赛道毛利 率可达28%，成为未来利润增长的潜在爆发点。 值得关注的是，公司毛利率已呈现持续改善态势。从2024年底的11.1279%，到2025年一季度 15.6981%、二季度16.3898%，再到三季度25.31%，近四个季度毛利率实现阶梯式攀升，彰显出公司盈 利能力的持续增强。中航证券等机构给予公司"买入"评级，认为其"技术降本+订单放量+赛道扩容"的三 重合力将持续推动业绩增长。 作为全球稀土永磁材料产销量冠军，金力永磁2025年整体业绩表现强劲。前三季度公司实现营业收入 53.73亿元，同比增长7.16%；归母净利润5.16亿元，同比激增161.81%，扣非后归母净利润更是大涨 381.94%，基本每股收益0.38元。其中第三季度表现尤为 ...

该行目前预测小鹏第四季车辆平均售价及毛利率将按季提升，净利润约1.24亿元，对比第三季净亏损 3.81亿元。展望明年，该行预测新车型及增程电动车版本推出将带动销量达到约61万辆，毛利率预测提 升至18.7%。至于人形机器人等新业务发展，该行认为车企拥有自动驾驶技术优势下，因此小鹏或能拥 有先发优势，但目前尚未将相关预测纳入估值模型；维持"买入"评级，港股目标价由110港元升至113港 元，美股目标价从28美元升至29美元。 来源：格隆汇APP 招银国际发表研究报告指，小鹏汽车第三季业绩大致符合预期，收入较该行预测低2%，毛利率创新高 达到20.1%，较预测高2.4个百分点，主要受惠于研发服务收入高于预期。期内车辆毛利率按季跌1.2个 百分点至13.1%，较该行预测低0.7个百分点。管理层预期今年第四季研发服务收入与第三季相若，相信 可为第四季扭亏奠定基础。 ...

Group 1 - The National Robot Industry Index decreased by 0.7%, while the China Securities Intelligent Electric Vehicle Index fell by 1.6%. In contrast, the China Securities Consumer Electronics Theme Index rose by 0.4%, and the China Securities Internet of Things Theme Index increased by 0.3% [1][4][8] - The EasyOne ETF for robots saw a net subscription of 12 million units in half a day, indicating strong investor interest in the sector [1] - Huajin Securities believes that with the release of Xpeng's IRON, the industrialization of humanoid robots is accelerating, and the design of fully covered flexible skin and specific humanoid shapes may become the next trend in humanoid robots [1] Group 2 - The Intelligent Electric Vehicle Index is expected to represent a significant direction for embodied intelligence, covering various industry chain links including power systems, perception systems, decision systems, execution systems, communication systems, and vehicle production [4] - The Consumer Electronics Index focuses on AI hardware, which is currently a major category of smart terminal products, involving companies engaged in component production and complete brand design and manufacturing [6]

Core Viewpoint - KedaLi's stock price has experienced fluctuations, with a year-to-date increase of 60.72% but a recent decline in the last five and twenty trading days [1][2] Financial Performance - For the period from January to September 2025, KedaLi achieved a revenue of 10.603 billion yuan, representing a year-on-year growth of 23.41% [2] - The net profit attributable to shareholders for the same period was 1.185 billion yuan, reflecting a year-on-year increase of 16.55% [2] Shareholder Information - As of September 30, 2025, KedaLi had 21,400 shareholders, a decrease of 4.91% from the previous period [2] - The average number of tradable shares per shareholder increased by 5.31% to 9,210 shares [2] Dividend Distribution - KedaLi has distributed a total of 1.312 billion yuan in dividends since its A-share listing, with 1.022 billion yuan distributed over the past three years [3] Major Shareholders - The second-largest shareholder is Hong Kong Central Clearing Limited, holding 7.7715 million shares, an increase of 1.128 million shares from the previous period [3] - The third-largest shareholder, Quan Guo Xu Yuan Three-Year Holding Period Mixed A, reduced its holdings by 401.38 thousand shares to 6.6846 million shares [3] - New entrants and changes in holdings among other major shareholders were noted, including a decrease in holdings by several funds [3]

本文由 AI 算法生成，仅作参考，不涉投资建议，使用风险自担 【11月18日花旗下调小鹏汽车美股和港股目标价，仍看好其明年多元化增长潜力】11月18日，花旗发布 报告，鉴于明年第一季是汽车销售淡季，下调小鹏汽车美股和港股目标价逾3%，不过仍看好公司明年 多元化增长潜力。花旗在分析师简报会后，小幅下调对公司2025年销量预测以契合新指引。2026年，公 司计划发布7款新车型，还将启动Robotaxi试运行。小鹏目标在2026年底大规模生产人形机器人，管理 层认为其总目标市场将超电动汽车。到2030年，小鹏机器人全球销量预计超100万台。花旗下调该公司 美股目标价3.4%至28.4美元，港股目标价下调3.7%至110.6港元。 ...