截至日间收盘，内盘基本金属普涨，仅沪铅和沪锌一同下跌，沪铅跌0.83%，沪锌跌0.73%。沪锡、沪 镍一同涨逾1%，沪锡涨1.73%，沪镍涨1.04%，其余内盘基本金属涨幅均在1%以内。氧化铝主连涨 0.95%，铸造铝主连涨0.62%。 来源：上海有色网 金属市场： 此外，碳酸锂主连大涨7.61%，工业硅主连涨1.56%，多晶硅主连涨4.36%，多晶硅主连盘中最高冲至 61985元/吨，刷新其上市以来的历史新高。欧线集运主连跌0.68%报1699.8。 | 初始 代码 | | 名城 | ●米 | 最新 | 涨幅% | 派式失 | 总量 | 到面 | 製入价 | 英出价 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 3 | | 欧线集运主连 | 4 | 1699.8 | -0.68 | -11.7 | 2.42 万 | 2 | 1699.8 | 1700.3 | | | ecm | | | | | | | | | | | 8 | CLOOY | NYMEX原油 | 中 | 55.89 | 1.38 | 0.76 | ...

今日午后市场急速拉升，沪指涨超1%，创业板指涨超3%。券商等大金融股冲锋，带动市场人气，沪深 300ETF等多只宽基ETF大幅放量。市场全天成交1.8万亿，两市上涨个股超3600只。 消息面上，社保基金会党组召开会议传达学习中央经济工作会议精神。会议强调，充分发挥长期资金、 耐心资本作用，在守住安全底线的基础上，积极服务国家发展需要，更好支持科技创新和产业创新深度 融合。 今日午后，有牛市旗手之称的券商集体异动。华泰证券一度大涨超9%，广发证券一度涨超5%，券商板 块的拉升给A股带来了极大助力。此前，中金公司通过向东兴证券全体A股换股股东发行A股股票、向 信达证券全体A股换股股东发行A股股票的方式换股吸收合并东兴证券、信达证券。根据上海证券交易 所的相关规定，预计停牌时间不超过25个交易日。据此计算，上述三家公司将很快复牌。分析人士认 为，这三家公司复牌可能会给券商板块带来较大助力。 其他热点方面，锂矿概念走强，金圆股份4天2板，盛新锂能涨停；电解液概念震荡反弹，天际股份涨 停；算力硬件概念表现活跃，环旭电子涨停，"易中天"光模块三巨头集体上涨；零售、乳业概念探底回 升，庄园牧场直线涨停，利群股份2连板。焦点 ...

（文章来源：每日经济新闻） 中泰证券指出，新材料行业正迎来技术突破与政策支持的双重驱动。核聚变领域技术进展加速，长期商 业化前景明确，重点关注托卡马克技术路线及其关键环节如高温超导磁体、第一壁等核心材料。量子科 技产业化进程全面提速，中国追赶窗口已现，聚焦量子计算、量子通信与量子精密测量三大核心赛道及 上游关键硬件。钙钛矿领域晶硅叠层电池迎来性价比拐点，GW级产线有望集中落地，重点关注整线设 备及上游辅材环节。"十五五"规划将新材料相关技术列为未来产业核心方向，行业有望成为新的经济增 长点。 新材料50ETF（159761）跟踪的是新材料指数（H30597），该指数聚焦于新材料产业，从市场中选取涉 及先进基础材料、关键战略材料及前沿新材料等业务的上市公司证券作为指数样本，以反映新材料行业 相关上市公司证券的整体表现。该指数具有较高的科技创新和成长性特征，行业配置上侧重于化工、有 色金属、电子等领域。 ...

12月17日，A股三大股指震荡走高，截止午盘，沪指涨0.17%报3831.43点，深成指涨0.83%报13021.35 点，创业板指涨1.21%报3108.8点，科创50指数涨0.32%报1297.49点；沪深两市半日成交额1.02万亿，全 市场超3700只个股下跌。 盘面上热点快速轮动，锂矿概念走强，金圆股份4天2板，盛新锂能涨停。电解液概念震荡反弹，天际股 份涨停。算力硬件概念表现活跃，环旭电子涨停，"易中天"光模块三巨头集体上涨。零售、乳业概念探 底回升，庄园牧场直线涨停，利群股份2连板。下跌方面，高位股大面积退潮，博纳影业、太阳电缆、 中源家居触及跌停。 热门板块 液冷服务器概念走强 液冷服务器概念延续强势，飞龙股份2连板，英维克涨停，奕东电子领涨，科创新源、欧陆通、大元泵 业、思泉新材涨幅靠前。 消息面上，第五届国际AIDC液冷供应链千人峰会暨·国际数据中心液冷市场趋势分析会将于12月18 日-19日召开。据媒体报道，近两年全球的AI巨头已开始拥抱液冷。以英伟达为例，去年在B100、H200 芯片上，就正式从风冷散热升级为液冷散热。 能源金属拉升 能源金属拉升，盛新锂业、天齐锂业、融捷股份、赣锋锂业 ...

Core Viewpoint - Guoyi Quantum Technology (Hefei) Co., Ltd. is seeking to go public on the Sci-Tech Innovation Board (STAR Market) and has recently had its IPO materials accepted by the exchange [1] Company Overview - Guoyi Quantum is focused on the research and development of high-end scientific instruments, providing equipment and solutions for various fields including quantum technology, materials science, chemical engineering, biomedicine, and advanced manufacturing [5] - The company has delivered products to over 80 985/211 universities and more than 150 research institutes, with notable clients including Tsinghua University, Peking University, and industry leaders like BOE, BYD, and CATL [5] Leadership and Shareholding - The company is controlled by He Yu and Rong Xing, who together hold 34.87% of the voting rights. He Yu serves as the Chairman and General Manager, while Rong Xing is a board member [1][3] - He Yu's salary for 2024 is reported to be 692,800 yuan, which is relatively low compared to other executives [4] - Hillhouse Capital is a significant shareholder, holding 22,044,400 shares, which accounts for 6.12% of the total share capital before the IPO [4] Financial Performance - The company's projected revenues from 2022 to the first half of 2025 are 151 million yuan, 400 million yuan, 501 million yuan, and 171 million yuan, respectively. The net profit after deducting non-recurring items is expected to be negative for all periods, with figures of -168 million yuan, -169 million yuan, -104 million yuan, and -73.94 million yuan [5] - The company plans to raise 1.169 billion yuan through its IPO [6]

Core Insights - Quantum technology is transitioning from laboratory research to national strategic focus, with unprecedented policy support and capital influx, but faces challenges in technology pathways and commercial viability [2][4][6] Investment Landscape - Global quantum financing experienced a "V-shaped recovery," reaching approximately 34.9 billion yuan by Q3 2025, surpassing the total of the previous two years and setting a historical high [10][18] - The U.S. quantum companies received 4.045 billion USD in funding from Q1 to Q3 2025, while China's quantum companies only secured 79 million USD, highlighting a significant funding disparity of 51 times [18][19] Policy and Strategic Initiatives - The Chinese government has prioritized quantum technology in its 15th Five-Year Plan, marking its strategic importance in future industrial development [6][7] - A strategic fund of 51 billion yuan was established to support state-owned enterprises in the quantum sector, aiming to bridge gaps in the quantum industry chain [7] Technological Advancements - Quantum computing is seen as a potential disruptor in fields like drug discovery and financial modeling, while quantum communication offers theoretically secure information transmission [8][24] - China has built the world's largest quantum communication network, with significant advancements in quantum key distribution and secure communication applications [33][45] Market Dynamics - The market for quantum technology is characterized by a stark contrast between the U.S. and China, with U.S. companies receiving substantial government contracts and funding, while Chinese companies struggle to convert technological breakthroughs into commercial success [22][24] - The Chinese quantum industry is rich in innovative startups but lacks the large-scale strategic capital necessary for significant market impact [21][48] Future Outlook - By 2030, the competition in quantum technology will likely focus on the ability to transition from theoretical research to reliable products and robust application ecosystems [3][40] - The development of quantum computing hardware and the establishment of a comprehensive supply chain will be critical for both U.S. and Chinese companies to succeed in the global quantum race [49]

Core Viewpoint - Guoyi Quantum Technology (Hefei) Co., Ltd. has submitted its IPO application to the Sci-Tech Innovation Board, which has been accepted by the exchange [1] Group 1: Company Overview - Guoyi Quantum is controlled by He Yu and Rong Xing, who together hold 34.87% of the voting rights [1] - He Yu serves as the Chairman and General Manager, while Rong Xing is a board member [1] - The company focuses on the research and development of high-end scientific instruments, providing solutions and key components for various fields including quantum technology, materials science, and biomedicine [5] Group 2: Leadership Background - He Yu, born in 1992, is a PhD student at the University of Science and Technology of China and has held various managerial positions since 2013 [3] - Rong Xing, born in 1983, is also a PhD from the University of Science and Technology of China and has been involved in academia and research since 2011 [3] Group 3: Compensation Structure - He Yu's salary for 2024 is set at 692,800 yuan, which is relatively low compared to other executives [4] - Other executive salaries include Zhang Wei at 1,727,300 yuan and Cao Feng at 2,322,600 yuan [4] Group 4: Shareholder Information - Hillhouse Capital is a notable shareholder, holding 22,044,400 shares, which accounts for 6.12% of the total share capital before the IPO [4] Group 5: Financial Performance - The company's projected revenues from 2022 to the first half of 2025 are 151 million yuan, 400 million yuan, 501 million yuan, and 171 million yuan respectively [6] - The net profit after deducting non-recurring items is projected to be negative for the same period, with figures of -168 million yuan, -169 million yuan, -104 million yuan, and -73.94 million yuan [6] Group 6: IPO Details - The company plans to raise 1.169 billion yuan through the IPO [7]

Core Viewpoint - The market is experiencing fluctuations as the year-end approaches, with a focus on policy dividends and economic trends for the upcoming year [3]. Group 1: Market Performance - As of December 17, the Shanghai Composite Index rose by 0.06%, the Shenzhen Component Index increased by 0.62%, and the ChiNext Index gained 0.92% [1]. - The liquid cooling server concept continues to show strength, with stocks like Feilong Co. and Yingweike hitting the daily limit, while Yidong Electronics leads the gains [1][2]. - Lithium mining stocks are also on the rise, with Jinyuan Co. reaching the daily limit and other companies like Guocheng Mining and Dazhong Mining following suit [1]. Group 2: Sector Insights - The liquid cooling server sector is gaining traction, driven by the upcoming International AIDC Liquid Cooling Supply Chain Conference, highlighting the shift from air cooling to liquid cooling among major AI companies [2]. - Investment strategies are shifting towards low-value sectors, with a focus on non-bank financials, electric equipment, and AI applications [2]. Group 3: Future Outlook - Galaxy Securities anticipates that the market's fluctuating structure will continue, with a focus on policy dividends and economic trends for the next year [3]. - Key investment themes include the acceleration of global changes, the shift towards new productive forces, and the recovery of manufacturing and resource sectors [3]. - According to招商证券, investment opportunities will revolve around domestic demand recovery and technological self-reliance, with a balanced focus on cyclical stocks [4].

Core Viewpoint - Guoyi Quantum Technology (Hefei) Co., Ltd. is planning to go public on the Sci-Tech Innovation Board, with rapid revenue growth but has not yet achieved profitability [1][4]. Group 1: Company Overview - Guoyi Quantum was established in 2016 and focuses on the research and development of high-end scientific instruments, providing essential equipment and solutions for quantum technology, materials science, chemical engineering, biomedical fields, and more [2]. - The company's actual controllers are He Yu and Rong Xing, who indirectly control 34.87% of the voting rights through various entities [2]. Group 2: Financial Performance - The company has shown significant revenue growth, with a compound annual growth rate (CAGR) of 81.94% from 2022 to 2024, although it has incurred losses during this period [4][7]. - Revenue figures for the years 2022 to 2025 (first half) are as follows: 151.50 million, 399.62 million, 501.47 million, and 171.21 million [4]. - The company expects to narrow its net profit loss significantly by 2025 and potentially achieve profitability by 2026 [7]. Group 3: Customer Base and Market Challenges - The customer base is relatively dispersed, with the top five customers contributing a decreasing percentage of total revenue from 26.62% in 2022 to 13.41% in the first half of 2025 [8][11]. - The high unit price and long lifespan of the products (5 to 10 years) result in low short-term repurchase rates from the same customers, complicating market expansion and customer maintenance [11]. - The industry is highly competitive, with established international firms holding significant market share, posing challenges for Guoyi Quantum in terms of brand recognition and product performance [11].

转自：新华财经 新华财经北京12月17日电 近期，国仪量子技术（合肥）股份有限公司（以下简称"国仪量子"）发布了招股书，公司拟在科创板上市，保荐机构为华泰联合 证券。 近几年，公司的营收呈快速增长趋势，2022年度至2024年度，营业收入的复合增长率超80%，但公司尚未实现盈利。国仪量子表示，预计2025年扣非净利润 亏损将大幅收窄，2026年或将实现盈利，累计未弥补亏损也将逐步减少。 除此之外，公司的主要客户为高校科研院所及企业，客户数量较多但销售收入相对分散。与此同时，公司所售产品具有产品单价高、使用寿命长的特性，同 一客户短期内复购相同品类的需求较低，若业绩继续保持快速增长，公司在市场开拓、客户维护等方面将面临较大的挑战。 高端科学仪器研发企业 股权结构较为分散 国仪量子成立于2016年，主营为高端科学仪器的研发，公司为高校、科研院所及企业提供科技前沿探索所需的高端科学仪器装备、以增强型量子传感器为代 表的核心关键器件以及解决方案。其产品面向量子科技、材料科学、化学化工、生物医学、工业领域、科学教育、能源勘探等领域。 图1：国仪量子股权结构图 此次IPO，国仪量子拟发行不超过4001万股（不含采用超额配 ...