Consumption Insights - In November, the total retail sales of consumer goods reached 43,898 billion yuan, with a nominal growth rate of 1.3%, marking a new low in 25 years[15] - The decline in retail sales is attributed to a high base from last year's national subsidies and the pre-emptive consumption during the Double Eleven shopping festival[15] - Automotive retail sales, which saw a year-on-year decline of 8.3% in November, are a core reason for the pressure on overall retail sales[20] Advanced Technology Insights - CoWoS capacity is tight, with TSMC planning to expand its production by 20%-30% by 2026, reaching a monthly capacity of approximately 125,000 wafers[25] - The global market for chiplet multi-chip integrated packaging is expected to grow rapidly, reaching $25.82 billion by 2029, with a compound annual growth rate of 25.8% from 2024 to 2029[25] Healthcare Insights - In the 2025 national negotiation directory, 127 drugs were included, with 114 new drugs entering the basic medical insurance directory, achieving a success rate of 88%[36] - The commercial insurance directory for innovative drugs has added 19 new drugs, with a success rate of approximately 79%[36]

Core Viewpoint - Anji Technology has shown significant stock performance with a year-to-date increase of 107.71% and a market capitalization of 37.42 billion yuan as of December 24 [1]. Group 1: Stock Performance and Market Activity - On December 24, Anji Technology's stock rose by 2.05%, reaching 222.00 yuan per share, with a trading volume of 461 million yuan and a turnover rate of 1.25% [1]. - The stock has increased by 9.39% over the last five trading days, 15.22% over the last 20 days, and 13.68% over the last 60 days [1]. - The net outflow of main funds was 1.82 million yuan, with large orders accounting for 26.89% of purchases and 27.82% of sales [1]. Group 2: Financial Performance - For the period from January to September 2025, Anji Technology reported a revenue of 1.812 billion yuan, representing a year-on-year growth of 38.09%, and a net profit attributable to shareholders of 608 million yuan, up 54.96% year-on-year [2]. - Cumulative cash dividends since the A-share listing amount to 178 million yuan, with 125 million yuan distributed over the past three years [3]. Group 3: Shareholder and Institutional Holdings - As of September 30, 2025, the number of shareholders increased by 48.24% to 16,800, while the average circulating shares per person decreased by 32.30% to 10,037 shares [2]. - The second-largest circulating shareholder is Hong Kong Central Clearing Limited, holding 18.796 million shares, an increase of 6.0729 million shares from the previous period [3]. - New institutional shareholders include the Guotai CSI Semiconductor Materials and Equipment Theme ETF, holding 1.219 million shares [3].

Core Viewpoint - The stock of ShuoBeide has shown significant growth, with a year-to-date increase of 94.13%, indicating strong market performance and investor interest [1]. Financial Performance - For the period from January to September 2025, ShuoBeide achieved a revenue of 1.99 billion yuan, representing a year-on-year growth of 50.25% [2]. - The net profit attributable to shareholders for the same period was 50.71 million yuan, reflecting a substantial increase of 1290.66% compared to the previous year [2]. Stock Market Activity - As of December 24, ShuoBeide's stock price reached 25.45 yuan per share, with a trading volume of 439 million yuan and a turnover rate of 3.99% [1]. - The company has appeared on the "Dragon and Tiger List" four times this year, with the most recent instance on August 7, where it recorded a net purchase of 533 million yuan [1]. Shareholder Information - As of September 30, 2025, the number of shareholders for ShuoBeide increased to 88,000, a rise of 49.30% from the previous period [2]. - The average number of circulating shares per shareholder decreased to 5,005 shares, down by 33.14% [2]. Business Overview - ShuoBeide, established on February 17, 2004, and listed on June 8, 2012, specializes in the research, production, and sales of wireless communication terminal antennas [1]. - The company's revenue composition includes antennas (50.50%), wiring harnesses and connectors (26.34%), smart sensor modules (13.73%), heat dissipation devices and modules (8.86%), and other (0.57%) [1]. Dividend Information - Since its A-share listing, ShuoBeide has distributed a total of 116 million yuan in dividends, with no dividends paid in the last three years [3]. Institutional Holdings - As of September 30, 2025, Hong Kong Central Clearing Limited was the third-largest circulating shareholder, holding 3.0145 million shares, a decrease of 8.4168 million shares from the previous period [3].

格隆汇12月23日丨中富电路(300814.SZ)在互动平台表示，公司在AI数据中心一次、二次、三次电源有 布局，公司在3D SiP与内埋技术等先进封装方向，已配合多家海内外客户完成研发打样工作。 ...

每经AI快讯，12月23日，中富电路（300814）在互动平台表示，公司在AI数据中心一次、二次、三次 电源有布局，公司在3D SiP与内埋技术等先进封装方向，已配合多家海内外客户完成研发打样工作。 ...

英维克（002837）市值突破千亿大关。 A股今日（12月23日）走势出现明显分化，以保险、银行为首的大市值个股拉升，小盘股走势疲弱；港股午后下探，恒生指数翻绿。 具体来看，三大股指盘中强势上扬，午后涨幅有所收窄。截至收盘，沪指微涨0.07%报3919.98点，深证成指涨0.27%，创业板指涨 0.41%，中证2000指数跌0.63%，沪深北三市合计成交19216亿元，较此前一日增加近400亿元。 A股市场超3800股飘绿，旅游餐饮、零售、食品饮料等消费板块集体下挫，曲江文旅跌停，近日4连板的庄园牧场逼近跌停；商业航天 概念跳水，顺灏股份跌停，中国卫通跌超9%；光刻机、先进封装等半导体产业链股强势，美埃科技、同飞股份等涨停；液冷服务器等 AI产业链股拉升，英维克（002837）尾盘涨停续创新高；锂电产业链股崛起，奕东电子涨停续创新高，华盛锂电等涨超10%。 此外，今日上市的三只新股——纳百川、锡华科技、天溯计量收盘分别上涨408.2%、264.5%、174.5%，盘中最高攀升至180元/股、46 元/股、150.99元/股，若以上述最高价计算，三股单签最高盈利分别达7.87万元、1.8万元、5.71万元。 港 ...

英维克（002837）（002837）市值突破千亿大关。 A股今日（12月23日）走势出现明显分化，以保险、银行为首的大市值个股拉升，小盘股走势疲弱；港股午后下探，恒生指数翻绿。 具体来看，三大股指盘中强势上扬，午后涨幅有所收窄。截至收盘，沪指微涨0.07%报3919.98点，深证成指涨0.27%，创业板指涨 0.41%，中证2000指数跌0.63%，沪深北三市合计成交19216亿元，较此前一日增加近400亿元。 A股市场超3800股飘绿，旅游餐饮、零售、食品饮料等消费板块集体下挫，曲江文旅（600706）跌停，近日4连板的庄园牧场 （002910）逼近跌停；商业航天概念跳水，顺灏股份（002565）跌停，中国卫通（601698）跌超9%；光刻机、先进封装等半导体产业 链股强势，美埃科技、同飞股份（300990）等涨停；液冷服务器等AI产业链股拉升，英维克（002837）尾盘涨停续创新高；锂电产业 链股崛起，奕东电子（301123）涨停续创新高，华盛锂电等涨超10%。 港股方面，地平线机器人跌约4%，快手跌超3%，腾讯控股、京东健康、药明康德（603259）等跌逾2%。 半导体产业链强势 光刻机、先进封装等半 ...

港股方面，地平线机器人跌约4%，快手跌超3%，腾讯控股、京东健康、药明康德等跌逾2%。 A股市场超3800股飘绿，旅游餐饮、零售、食品饮料等消费板块集体下挫，曲江文旅跌停，近日4连板的庄园牧场逼近跌 停；商业航天概念跳水，顺灏股份跌停，中国卫通跌超9%；光刻机、先进封装等半导体产业链股强势，美埃科技、同飞股 份等涨停；液冷服务器等AI产业链股拉升，英维克（002837）尾盘涨停续创新高；锂电产业链股崛起，奕东电子涨停续创 新高，华盛锂电等涨超10%。 此外，今日上市的三只新股——纳百川、锡华科技、天溯计量收盘分别上涨408.2%、264.5%、174.5%，盘中最高攀升至 180元/股、46元/股、150.99元/股，若以上述最高价计算，三股单签最高盈利分别达7.87万元、1.8万元、5.71万元。 半导体产业链强势 英维克（ 002837 ） 市值突破千亿大关 。 A 股今日（ 12 月 23 日 ） 走势 出 现明显分化，以保险、银行为首的大市值个股拉升，小盘股走势疲弱；港股午后下探， 恒生指数翻绿。 具体来看，三大股指盘中强势上扬，午后涨幅有所收窄。截至收盘，沪指微涨0.07%报3919.98点，深证成 ...

需求呈现结构性特征。长期增长极明确，AI服务器、先进封装、光伏及新能源汽车等新兴产业用锡需 求保持高速增长，构成价格长期中枢上移的核心动力。短期采购则偏谨慎，高锡价抑制下游补库意愿， 企业多维持低库存、按需采购策略，导致现货交投清淡，对价格进一步上涨形成抑制。 产业链与市场展望：利润分化，高位震荡 产业链利润显著向上游资源端集中，中下游加工企业成本压力较大。龙头企业凭借资源自给优势，业绩 弹性充分释放。短期市场预计维持高位震荡，地缘风险与低库存提供支撑，但高价位下的需求畏高情绪 与假期前资金动向可能引发技术性回调。中长期走势仍需关注地缘局势演变与新兴产业实际需求的匹配 度。 期货市场：海外圣诞节临近资金交投谨慎，隔夜伦锡收跌0.57%；最新收盘报42730美元/吨，下跌245美 元，跌幅为0.57%，成交量为835手，持仓量24617万手较前一交易量增加127手；国内方面，夜盘沪期 锡弱势震荡，尾盘小幅收跌，沪锡主力合约2602最新收报340650元/吨，跌2210元/吨，跌幅为0.64%； 伦敦金属交易所（LME）12月22日伦锡库存量报4625吨，较前一交易日库存量减少20吨。长江锡业网 讯：今日沪锡期货 ...

公众号记得加星标⭐️，第一时间看推送不会错过。 成立于1923年的日东纺（Nittobo）最早可以追溯到1898成立的纺织公司。 作为日本历史最悠久的丝绸纺织公司之一，他们利用明治政府推动的朝香灌溉渠的剩余电力，他们开 始经营发电业务和纺织业务。直到1963年，他们都是生产的与纺织相关的产品，但进入1969年，为 了满足计算机和集成电路（IC）技术进步带来的日益增长的需求，我们开始生产印刷电路板用的玻璃 布。 1984年，该公司推出了具有高强度和低热膨胀系数特点的T-Glass。据介绍，该材料最初用于复合材 料，但后来，这个产品被逐渐现在用于高速处理和高可靠性服务器及智能手机的半导体封装基板。 历经后来四十年的发展，这家公司已经当前热门的AI核心材料供应商。 T-Gl a ss是什么？ 要了解T-Glass在芯片中的作用，就首先要清楚什么是玻纤布。 据介绍，玻纤布是一种由玻璃纤维纱编织而成的制品，具备绝缘性、耐热性、高强度等特性。由于制 造铜箔基板（CCL）时，主要是用铜箔和非导电复合材料（如玻纤布、环氧树脂）热压而成，因此玻 纤布可说是铜箔基板的关键原料。 铜箔基板又是PCB的核心基材，负责建构 PCB的骨 ...