Core Viewpoint - The article discusses the challenges and opportunities in the polyoxymethylene (POM) industry in China, highlighting the need for industry self-regulation and innovation to achieve high-quality development amidst structural supply-demand imbalances [1][3]. Group 1: Industry Overview - The China Synthetic Resin Association issued an initiative to promote the healthy development of the POM industry, aiming to guide market order, optimize investment decisions, and strengthen innovation [1]. - The POM industry in China is expected to reach a total production capacity of 1.51 million tons per year, while the actual demand for 2025 is projected to be only 950,000 tons, indicating a significant structural supply-demand imbalance [1]. Group 2: Initiative Details - The initiative includes four core aspects: 1. Establishing a self-regulatory framework for the industry, focusing on legal compliance, integrity, product quality, innovation-driven strategies, and green transformation [3]. 2. Proposing cautious decision-making and scientific planning to mitigate the risks of overcapacity [3]. 3. Identifying four key innovation implementation paths: standard system improvement, industrial transformation, equipment technology upgrades, and product structure optimization [3]. 4. Suggesting specific measures for collaborative development, including data sharing mechanisms, risk warning systems, resource integration, and practical cooperation between upstream and downstream enterprises [3]. Group 3: Exhibition Information - The 2026 Future Industry New Materials Expo will feature six major exhibition areas, focusing on lightweight, high-strength, and sustainable materials, among other future industry needs [1][4]. - The expo will showcase over 800 companies and cover various sectors, including robotics, aerospace, and new energy equipment [4][6].

雪球上有个帖子，英伟达在股市里一共融资多少？ 英伟达通过股市的直接融资（IPO + Post-IPO轮次）约为5,800万美元（IPO）+ 2.25亿美元（Post-IPO）= 3.03亿美元（约 3.03亿 USD）。其中，5800万美元是1999年IPO募集的，2020年8月，通过PIPE（私募股 权投资）募集约2.2亿美元。 英伟达募集了20多亿人民币，就干成这样的企业（当然，也有 很多公司拿了钱干砸了）。看看A股这些公司， 德勤预计，截至2025年12月31日，A股市场 将有114家公司上市，合计融资1296亿元，相对2024年100家公司上市融资668亿元。 资水 IPO的超募和IPO后的爆拉，是一个深刻到A股本质的问题，是制度的精心设计的结果。 先看一个背景。中国一级市场基金14万亿元，二级市场基金10万亿元，一级居然比二级规模 还大！(美国一级:二级 = 6万亿:20万亿美元）。 一级市场这14万亿，主要是ZF基金、信托资 金、高净值人群资金。我们说的"中国的既得利益者"在哪里？就是在这14万亿一级市场资金 里。 一级市场资金的退出是要在二级市场才能实现的，平均是7倍溢价，即一级市场1个亿在二级 ...

明日主题前瞻 1、无人驾驶 | 12月23日，北京市首批L3级高速公路自动驾驶车辆专用号牌由北京市公安局交通管理局正式发放给三辆智能网联汽车，这也是国内首批发放 的L3级高速公路自动驾驶车辆专用号牌。这标志着我国自动驾驶车辆已由测试示范进展到正式量产，率先开启L3级自动驾驶时代，成为汽车智能化进程中 的里程碑事件。 点评：研究机构认为，随着特斯拉Robotaxi的持续放量验证，以及中国L3车型的制度化落地，高阶自动驾驶的产业拐点正在加速到来，并将深刻影响整车估 值体系与竞争格局。随着试点经验积累和法规逐步完善，L3功能有望从局部示范走向更广泛放开，2026年或成为中国L3级智驾量产落地的关键节点。 2、充电桩 | 交通运输部公路局局长周荣峰12月23日表示，2026年计划在全国高速公路服务区建设1万个以上的充电枪，其中大功率充电枪将不少于25%。对 重大节假日充电特别繁忙的服务区，以及日常充电设施时间利用率超过40%的繁忙服务区，新建的充电设施原则上均要采用大功率。 点评：中信证券认为，当前时点，在政策，技术，市场的合力推动下，车网互动的盈利模式日渐清晰，未来规模化，商业化发展路径明确，对相关充电设备 企业和 ...

（编辑 丛可心 王雪儿） 证券日报网讯 12月23日，珠海港在互动平台回答投资者提问时表示，公司坚持稳健发展，聚焦港航物 流与新能源两大主业，争取以更好的业绩回报投资者，同时以价值管理为主线开展各项工作，强化资本 市场沟通，持续传递公司价值。公司在控股秀强股份后，秀强股份资产规模与经营业绩稳步提升。秀强 股份始终注重与股东分享发展成果，严格遵循监管要求，结合自身发展情况及资金安排，坚持以稳健经 营、现金分红等多种方式积极回馈投资者，未来仍将积极稳健发展主营业务，提高核心竞争力及长期投 资价值，持续向投资者传递经营成果。 ...

Group 1 - The A-share market has seen a significant increase in trading activity in 2023, with a cumulative turnover of 407.82 trillion yuan, up 58.49% year-on-year, and an average daily turnover of 1.72 trillion yuan, up 62.26% year-on-year [1] - The sectors with the highest growth since the beginning of the year include non-ferrous metals (up 85.85%), hardware equipment (up 60.11%), and industrial trade and comprehensive (up 51.69%) [1] - Notable monthly trading volumes were recorded in September, August, November, and July, each exceeding 24 trillion yuan, with several days in August and September surpassing 3 trillion yuan in single-day turnover [1] Group 2 - The chief economist of Yuekai Securities predicts that the A-share market will enter a "technology revaluation bull" phase in 2025, driven by technological breakthroughs, industrial drivers, institutional reforms, capital inflows, and increased risk appetite [2] - Emerging industries such as new energy, aerospace, biomanufacturing, and embodied intelligence are accelerating, with A-share companies' profits increasingly concentrated in AI, new energy, and advanced manufacturing sectors [2] - Capital market reforms are deepening, focusing on institutional implementation and efficiency, promoting regular delistings, active mergers and acquisitions, and increased dividends and buybacks to enhance investor returns and market quality [2] Group 3 - Long-term funds, including insurance capital, household assets, and foreign capital, are increasingly allocating to A-shares, supported by policy and market expectations, which is providing upward support for the market [3] - Domestic liquidity is improving, with strong earnings and retail investor participation driving market momentum, while international hedge funds are increasing their exposure to the Chinese stock market [3] - The overall outlook for the Chinese stock market is improving, with valuations still below global peers and historical highs, indicating potential for upward adjustment [3] Group 4 - The 2026 A-share market is expected to maintain a "slow bull" trend, with the technology growth sector remaining a core focus, driven by the global AI industry wave [4] - Hard technology sectors such as AI and computing power are anticipated to lead the market, while high-dividend assets are highlighted for their stable cash flow advantages [4]

1 聚焦能源、信息行业，专注变压器、电源等产品 公司聚焦能源、信息行业，应用电力电子技术，专注于变压器、电源等产品的研发、 生产及销售。公司自 1999 年设立以来，一直扎根于电源行业，在 20 余年的发展中，依靠 强大的技术研发及客户服务能力，紧贴全球前沿 技术发展趋势，前瞻性产品迭代。公司产 品由成立初期应用于家电、音响、照明的环形变压器，顺应各时期全球 发展热点，陆续推 出电子变压器、LED 照明电源、新能源用变压器等产品，围绕优质客户，不断促进公司业 务 及产品发展。目前，公司产品可广泛应用于光伏发电、工业控制、数据中心及照明领 域。 受益于全球光储装机量增长和海外电力设备升级迭代，公司业绩高速增长。2020-2024 年，公司营业总收入分别 从 14.06 亿元增长至 46.39 亿元，四年 CAGR 达到 35%；归母净 利润从 0.51 亿元增长至 2.93 亿元，四年 CAGR 达到 54%；扣非归母净利润从 0.37 亿元增 长至 2.49 亿元，四年 CAGR 达到 61%。受部分产品销售价格下降、大 宗原材料价格上涨等 因素影响，2025Q1-Q3，公司实现营业总收入 38.08 亿元， ...

【商用车新网原创】 6米以上新能源客车销量再创纪录！ 中国客车统计信息网数据显示，2025年11月，国内重点客车企业销售6米以上新能源客车8575辆，同比增长23.74%，环比增长9.06%。 1~11月，国内共销售6米以上新能源客车52470辆，同比增长33.08%。年末已至，6米以上新能源客车销量仍在持续攀升。 11月：宇通/中车破千 行业同环比双增 | | | | 11月6米以上新能源客车 Top10 企业销量排名(单位:辆) | | | | | --- | --- | --- | --- | --- | --- | --- | | 排名 | 指标名称 | 本月完成 | 去年同期 | 上月完成 | 比同期增长% | 环比增长% | | 1 | 宇通客车 | 1920 | 1335 | 1274 | 43.82 | 50.71 | | 2 | 中车电动 | 1202 | 701 | 1166 | 71.47 | 3.09 | | 3 | 厦门金龙 | 768 | eat | 426 | 11.14 | 80.28 | | ব | 中通客车 | 621 | 202 | ୧୧3 | 207.43 | -6.3 ...

Group 1 - The core indices related to the Science and Technology Innovation Board (科创板) showed positive performance, with the Science and Technology Growth Index rising by 0.8%, the Science and Technology 100 Index by 0.5%, and both the Science and Technology 50 Index and the Comprehensive Index by 0.4% [1] - China Galaxy Securities suggests that with the recent actions from the central bank and a potential slight easing expectation from the Federal Reserve next week, external risks are narrowing, indicating a potential upward trend for Hong Kong stocks [1] - The technology sector is expected to remain a long-term investment focus, as valuations have rebounded after previous adjustments, supported by multiple favorable factors [1] Group 2 - Small and medium-sized innovative enterprises in the electronic, pharmaceutical, biological, power equipment, and computer industries account for over 80% of the market, with the electronic and pharmaceutical sectors having a particularly high proportion [4] - The Science and Technology Comprehensive Index ETF by E Fund features a low fee structure and tracks the comprehensive index of the Science and Technology Innovation Board, covering all market securities and focusing on core industries such as artificial intelligence, semiconductors, new energy, and innovative pharmaceuticals [4] - The Science and Technology Growth 50 ETF tracks the Science and Technology Growth Index, which consists of 50 stocks with high growth rates in operating income and net profit, emphasizing a growth style and high performance [4]

A股复盘 | 砸盘有力度 收割有温度 / 2025.12.23 标题是看了漫漫游资路的复盘文章起的！ 今天又是一个牵动千万股民心情的发射！过程 be like： 结果就是长征十二号甲一子级未能成功回收，为什么大家都关注能否回收成功？这事儿说白了就一个字——钱。 能回收就能省钱，发射成本就能下降，发射间隔可以大大缩短，很多地月任务会更加经济可行。 整体来说这相当于考试主科及格了，但附加题没拿到分，而附加题恰恰是拉开差距的关键。 中金指出，不必过度关注单次发射结果，中国可复用火箭技术突破，无非是今年底或明年的时间早晚问题。展望2026年，多款民营可复用火 箭将进入首飞阶段，同时，国家队的CZ-10A/B/C三型重型火箭也计划于明年首飞，其中CZ-10B为面向巨型星座组网的可复用型号。 昨天有人说要写金银，最近贵金属做多情绪确实高涨，内外盘共振上扬，不止黄金白银，铂金、钯金也大涨，铜铝等工业金属表现同步亮 眼。市场资金正加速向"金银铜"集中。 贵金属行情的爆发，核心在于宏观面暂时缺乏显著利空，且"弱美元"持续强化。最后，委内瑞拉等地缘政治紧张局势也推动贵金属上涨。 华西证券指出，4月22日以来，白银表现明显强于黄金 ...

格隆汇12月23日丨华依科技(688071.SH)在互动平台表示，公司目前已开展锂电池相关业务，该业务归 属于测试服务板块。我们能够为客户提供覆盖动力电池与储能电池领域的多项测试服务，具体包括电池 包试验、BMS测试模组试验、电芯测试等。此外，公司与SGS合作共建了联合实验室，可为动力电池及 储能电池产业链提供符合北美、欧洲标准的一站式检测认证服务。该合作旨在助力中国新能源企业拓展 海外市场，提供更全面、便捷的解决方案。 ...