新股优迅股份上市首日涨超360%。 2025.12.19 本文字数：555，阅读时长大约1分钟 作者 |一财阿驴 09:30可控核聚变大幅高开，王子新材涨停，常辅股份高开超10%，爱科赛博、哈焊华通、雪人集团等 涨幅靠前。消息面上，特朗普媒体科技集团大涨超40%。据报道，特朗普媒体科技集团同意以全股票交 易方式与核聚变能源企业TAE科技公司合并，交易总价值超60亿美元。 09:25 A股开盘丨三大指数集体高开 沪指高开0.05%，深成指高开0.48%，创业板指高开0.89%。 | 代码 | 名称 | 两日图 | 现价 | 涨跌 | 涨跌幅 | | --- | --- | --- | --- | --- | --- | | 000001 | 上证指数 | wh | 3878.23 | 1.86 | 0.05% | | 15841-2010 11 399001 | 深证成指 | w | 13116.19 | 62.21 | 0.48% | | 399006 | 创业板指 | M | 3134.80 | 27.74 | 0.89% | 盘面上，算力硬件方向反弹，CPO、存储器指数领涨；核聚变、6G、消费电子概念股活 ...

Core Viewpoint - The article highlights significant market movements, particularly in the context of the stock market opening and specific company performances, indicating a positive trend in certain sectors like nuclear fusion and technology [3][4]. Market Opening - The A-share market opened with all three major indices rising: Shanghai Composite Index up 0.05%, Shenzhen Component Index up 0.48%, and ChiNext Index up 0.89% [4][5]. - The opening prices for the indices were reported as follows: Shanghai Composite Index at 3878.23, Shenzhen Component Index at 13116.19, and ChiNext Index at 3134.80 [5]. Sector Performance - The computing hardware sector showed a rebound, with CPO and storage indices leading the gains. In contrast, coal, precious metals, and shipping industries experienced declines [6]. - Notable stock movements included a significant rise in companies related to nuclear fusion, 6G technology, and consumer electronics [6]. Noteworthy Stock Movements - New stock Youxin Co. debuted with an impressive increase of over 360% on its first trading day [7]. - Trump Media Technology Group saw a surge of over 40% following news of a merger with TAE Technologies, valued at over $6 billion [3]. Hong Kong Market Opening - The Hong Kong market also opened positively, with the Hang Seng Index up 0.53% and the Hang Seng Tech Index up 0.81%. Key tech stocks like NetEase, Alibaba Health, and Kuaishou showed strong performance [8][9].

沪指开盘涨0.05%，报3878.23点，深成指涨0.48%，报13116.19点，创业板指涨0.89%，报3134.8点，科 创50指数涨0.67%，报1314.75点。沪深两市合计成交额149.5亿元，全市场近3000只个股上涨。 | | 上证指数 | | --- | --- | | 深证成指 | 13116.19 62.21 0.48% | | 创业板指 | 3134.80 27.74 0.89% | | श्रीशिट0 | 1314.75 8.78 0.67% | | 北班50 | 1435.87 4.16 0.29% | 算力硬件方向反弹，CPO、存储器指数领涨；核聚变、6G、消费电子概念股活跃。煤炭、贵金属、海 运行业走弱。新股优迅股份上市首日涨超360%。 市场焦点股百大集团（6板）低开5.17%，商业航天概念股顺灏股份（15天8板）高开3.71%、西部材料 （10天5板）高开2.07%，实控人变更的胜通能源（5板）竞价涨停、皮阿诺（4板）高开1.43%，大消费 板块南京商旅（9天5板）竞价涨停、利群股份（3板）低开5.63%，医药股重药控股（7天4板）低开 2.04%、美年健康（2板）高开4 ...

Group 1 - The fourth 6G Frontier Technology and Trends Forum was held in Beijing, focusing on the themes of "6G Industry Development Trends" and "6G Convergence of Sensing, Computing, and Intelligence" [1] - Beijing is highlighted as a leading hub for original innovation in AI, communications, and chips, making it an ideal location for exploring the integration of "6G+AI" [1] - Key recommendations for advancing 6G and AI integration include tackling core technologies, creating open experimental networks, and fostering cross-domain application innovation [1] Group 2 - The information and communication industry needs to strengthen global consensus and international cooperation to overcome development bottlenecks for high-quality 6G industry growth [2] - Suggestions for promoting 6G development include focusing on application-driven innovation, collaborative technical research, unifying standards, and expanding international cooperation [2] - Emphasis on the importance of a unified global standard system for 6G technology [2] Group 3 - China possesses a leading electronic information and AI industry ecosystem, providing a solid foundation for the deep integration of 6G and AI, although challenges remain in technology integration and digital transformation [4] - Recommendations for advancing 6G include leveraging advantageous industries for demonstration scenarios, utilizing operators' strengths for testing and standards, and developing a distributed computing system [4] Group 4 - The concept of a wireless network electromagnetic world model aims to expand the understanding of communication channels and enhance decision-making capabilities through multi-dimensional analysis [5] - Practical applications of this model include improving network performance and reducing costs, as well as enhancing perception capabilities in complex environments [5] Group 5 - The 6G Sensing, Computing, and Intelligence Integration Wireless Cloud Network Technology Key Laboratory announced two major research achievements: a semantic satellite video inspection system for power networks and a 6G collaborative sensing platform [7] - The laboratory focuses on immersive communication and cross-domain integration, addressing challenges in power inspection through innovative technologies [7] - Collaborative efforts with various partners showcase Beijing's advanced positioning and potential in the 6G field through diverse application scenarios [7]

Core Viewpoint - The A-share market is experiencing fluctuations, with active performance in the satellite and commercial aerospace sectors, highlighted by significant gains in satellite-themed ETFs [1] Group 1: Market Performance - Multiple satellite-themed ETFs from various fund companies, including Yongying Fund and China Merchants Fund, have surged over 3% on December 18, with cumulative gains exceeding 20% over the past four weeks [1] - The Yongying National Commercial Satellite Communication Industry ETF has surpassed a scale of 3 billion, while other satellite-themed ETFs remain below 1 billion [2] Group 2: Policy and Industry Trends - The commercial aerospace sector is witnessing a surge, driven by favorable policies such as the "14th Five-Year Plan" which emphasizes the development of strategic emerging industries including aerospace [3] - The establishment of the Commercial Aerospace Department by the National Space Administration and the issuance of guidelines to promote satellite communication industry development signal a strategic opportunity for the satellite industry [3] Group 3: Technological Advancements - Recent successful launches of low-orbit satellites by China Star Network and the resumption of the "Thousand Sails Constellation" plan indicate a normalization in satellite internet launches, with significantly reduced intervals between launches [4] - The successful test flight of the large liquid rocket by private company Blue Arrow Aerospace addresses the long-standing issue of insufficient launch capacity, potentially accelerating the progress of low-orbit satellite communication [4] - Future developments in commercial aerospace and 6G are expected to be key focus areas during the "14th Five-Year Plan," with applications such as rocket reusability and satellite direct connection anticipated to boost market sentiment [4]

Market Overview - A-share market shows mixed performance with the Shanghai Composite Index up 0.16%, while the Shenzhen Component Index down 0.85% and the ChiNext Index down 1.81% [2] - Total market turnover reached 1.06 trillion yuan, slightly higher than the previous day, with over 3,600 stocks rising [3] Sector Performance - Defense, light manufacturing, and textile sectors performed well, while SPD, commercial aerospace, and 6G concept stocks were notably active [3][8] - The healthcare sector saw a strong performance, with several stocks hitting the daily limit up, including Huaren Health (301408) which achieved a 20% increase [5][6] Notable Stocks - Huaren Health (301408) reached a price of 21.84 yuan, up 20.00% [6] - Other notable gainers in the healthcare sector included Yingte Group (000411) and Saily Medical (603716), both hitting the daily limit up [5][6] - In the commercial aerospace sector, Tianyin Electromechanical (300342) surged by 19.98% to 30.20 yuan [9] ST Stocks Activity - The ST sector experienced significant trading activity, with stocks like *ST Yanshi (600696) and *ST Yushun (002289) showing extreme volatility, achieving "limit up" movements [11][12] - Overall, the ST sector saw multiple stocks with consecutive limit up performances, indicating a speculative trading environment [13][14] Emerging Trends - Ant Group launched an AI health application, "Antifufu," which has over 15 million monthly active users, indicating a growing integration of AI in health management [7] - The establishment of the "Commercial Aerospace Measurement and Control and Satellite Application Alliance" aims to enhance resource sharing and market development in the aerospace sector [10]

Group 1 - The communication industry is expected to experience dual opportunities from technological upgrades and policy drives by 2026, with domestic computing power transitioning from "usable" to "user-friendly" [1] - The domestic computing power has become a reliable foundation for large model training and inference, entering a phase of accelerated comprehensive replacement driven by policy subsidies and ecosystem maturity [1] - Cutting-edge technologies such as quantum communication and 6G are included in future industrial layouts, with the acceleration of technological breakthroughs and commercialization processes expected under the backdrop of policy intensification and US-China competition [1] Group 2 - The communication ETF (515880) is the largest in its category, with a scale of 12.745 billion yuan as of December 15, 2025, ranking first among 15 similar products [2] - As of December 15, 2025, the communication ETF has over 48% of its content in optical modules and more than 20% in servers, with core component ratios exceeding 76%, reflecting the fundamental strength of overseas computing power [1][2]

Core Insights - The technology sector has undergone significant changes in 2025, with AI, chips, and new energy themes driving market trends [1][4] - The upcoming investment strategy meeting by Great Wall Fund highlights the focus on AI hardware as a key growth area supported by favorable liquidity and economic conditions [1][4] Investment Opportunities - The AI sector is identified as a core investment theme for 2026, with expectations for high growth and significant product launches in AI applications, including software agents and hardware like AI glasses and humanoid robots [2][5] - The commercial space industry is also highlighted as a promising investment area, particularly following the recent successful launch of reusable rockets, which is seen as a major technological milestone [2][5] - The successful recovery of rockets is expected to lead to a rapid scaling of commercial space operations, potentially supporting thousands of satellite launches and creating a new trillion-dollar market [2][5]

Investment Rating - The investment rating for the company is "Accumulate" (maintained) [5] Core Views - The company plans to acquire Weiyu Tiandao to transform into a comprehensive testing service platform and deepen collaboration with the China Academy of Information and Communications Technology in the "6G + Satellite" direction [5][7] - The company is positioned as a leading domestic high-end wireless communication testing instrument provider, focusing on 5G/6G communication, Beidou navigation, and semiconductor RF sectors, while expanding into automotive networking and satellite internet applications [8] Financial Summary - The projected net profit for the company from 2025 to 2027 is estimated to be CNY 0.19 billion, CNY 0.34 billion, and CNY 0.49 billion, corresponding to a price-to-earnings ratio of 226.5, 130.4, and 89.3 times respectively [6] - Revenue for 2025 is expected to be CNY 269 million, with a year-on-year growth rate of 15.51% [9] - The company anticipates a net profit of CNY 19 million in 2025, reflecting a year-on-year increase of 54.91% [9] Strategic Initiatives - The company aims to integrate communication testing systems with navigation testing systems through the acquisition of Weiyu Tiandao, which specializes in satellite navigation testing technology [7][8] - Recent strategic agreements include collaboration with the East China branch of the China Academy of Information and Communications Technology to establish a testing and verification center for next-generation 6G communication and satellite internet [8]

证券日报网讯 12月16日，中兴通讯在互动平台回答投资者提问时表示，公司积极把握全球算力市场的 发展机遇，深度践行"连接+算力"战略，深化中资企业出海及海外本地客户合作。在中东市场，公司聚 焦"数字化转型、AI赋能、绿色低碳与本地化合作"四大方向，助力中东智能化数字基础设施建设；在欧 洲市场，公司依托创新的产品技术以及完善的本地化体系，与中资互联网云厂商深度协同，推动算力产 品在多个国家实现销售。光模块的应用场景非常广泛，公司基于市场、技术因素综合考虑决定对外采购 光模块或自行研发和生产光模块。在光传输领域，公司研发和生产光传输网络相干光模块（包括 OTN100G/400G/800G可插拔光模块），用于光传输设备；在用于服务器等数据通信领域的光模块方 面，公司对外采购光模块。2025年是6G标准化元年，公司深度参与全球6G标准化进程，作为3GPP、 ITU、CCSA等主流标准组织的重要成员，积极推动6G标准的统一与演进。在核心技术方面，公司聚焦 6G与AI融合、空天地一体、通感一体、空间技术等多个关键领域和主流方向的技术深耕和创新突破。 公司连续四年参与IMT2030（6G）推进组测试，参与了全部技术方向的测 ...