新华财经北京12月23日电（胡晨曦）A股三大指数12月23日冲高回落，盘中一度集体翻绿，至收盘时均 小幅上涨。盘面上，锂电池产业链拉升，天际股份、多氟多等涨停；能源金属板块走高，盛新锂能涨超 4%，天齐锂业涨超3%；海南板块延续强势，海南发展、海汽集团均3连板；液冷服务器概念活跃，川 润股份、英维克等涨停。此外，今日上市的三只新股悉数大涨，新股N天溯、N锡华均触发二次临停。 下跌方面，商业航天概念下挫，顺灏股份跌停，久之洋、天银机电等跌超10%；旅游板块调整，曲江文 旅、南京商旅逼近跌停。 盘面上，电池、能源金属、保险、光刻机、氟化工、海南自贸区等板块和概念股涨幅居前；旅游及酒 店、影视院线、IT服务、卫星导航、冰雪产业、无人零售等板块和概念股跌幅居前。 热点板块 中信建投：太空光伏已从试验阶段迈入商业化加速期，相比地面光伏场景，既破解了间歇性瓶颈，又为 太空算力、深空探测、偏远地区供电等场景提供长效能源支撑。P型HJT电池在现有量产技术中抗辐 射、轻量化优势最明显，2026年后渗透率预计将有所提升，并以执行低轨短期低成本低功率任务为主。 关注材料、设备等环节布局领先的企业。 天风证券：近期，随着海外货币政策 ...

Core Viewpoint - Xu Sheng Group, a leading manufacturer of precision aluminum alloy components for electric vehicles, is undergoing a significant ownership change as founder Xu Xudong seeks to transfer control to Guangzhou Industrial Control Group for a total consideration of 4.295 billion yuan, pending regulatory approval [1][2]. Group 1: Company Overview - Xu Sheng Group specializes in the research, production, and sales of precision aluminum alloy components, focusing on lightweight solutions and mastering three aluminum alloy forming processes: die casting, forging, and extrusion [2]. - The company was established in 2003 and became a key supplier for Tesla in 2013, which significantly boosted its performance and led to its listing on the Shanghai Stock Exchange in 2017 [2]. - The company's revenue grew from 155 million yuan in 2013 to over 4.8 billion yuan in 2023, achieving a compound annual growth rate of over 40% [3]. Group 2: Financial Performance - Despite the revenue growth, Xu Sheng Group has faced a decline in net profit, with a projected decrease of 41.71% for the full year of 2024 and a further decline of 7.16% in the first three quarters of 2025 [3]. - The company attributes its challenges to strong cost-cutting demands from clients and fluctuations in end-user demand, leading to unmet order expectations [3]. - East Wu Securities has revised its net profit forecasts for 2025-2027 downwards, now predicting 455 million yuan, 556 million yuan, and 683 million yuan respectively, citing intense industry competition [3].

撰文 | 郝雨涵 编辑 | 黄大路 设计 | 甄尤美 Model 3产能爬坡、全年亏损近10亿美元......2018年，堪称特斯拉的生死攸关之年。 为自救，特斯拉开出了两副极具开创性的药方：上海超级工厂和马斯克的薪酬方案，其中，马斯克的薪酬方案一经发布便极具争议。 该方案摒弃固定薪资模式，将马斯克的报酬与12个阶梯式的经营、市值双目标深度绑定，逐级完成后，便能解锁对应股权奖励。 在该方案经股东投票通过后不久，持有特斯拉9股股票的投资者理查德・托内塔（Richard Tornetta）因"董事会受马斯克不当控制"为由，提出质疑并起诉 了特斯拉董事会。 2024年1月，特拉华州专门处理商业事务的衡平法院的法官凯瑟琳・麦考密克（Kathaleen McCormick），正式下令撤销这份2018年薪酬方案。 马斯克对此极其不满，并在2025年10月第三季度的财报会上暗示董事会通过新的2025年薪酬方案，避免重蹈2018年的覆辙。 该最高法院表示，下级法院2024年驳回该薪酬方案的裁决并不恰当，对马斯克来说是不公平的，而马斯克则在社交媒体上表示，他"被证明是清白的"。 不公正致富？ 2018年薪酬方案被法院撤销 特斯 ...

Core Insights - The Central Economic Work Conference summarized the economic work for 2025 and analyzed the current economic situation, setting the stage for 2026 economic work [1][4][17] Economic Performance - In the first three quarters of 2025, China's GDP grew by 5.2% year-on-year, with the total economic output expected to reach around 140 trillion yuan [3][5] - The economic development goals for the year are on track to be achieved, reflecting a resilient and vibrant economy [4][6] Key Areas of Focus - The conference highlighted five key areas for economic work: 1. Overall economic stability and progress, with major indicators meeting expectations [5] 2. Continuous advancement in modern industrial system construction, with significant achievements in technology and innovation [5] 3. Progress in reform and opening up, with a focus on building a unified national market [5] 4. Positive developments in risk mitigation in key areas, including local government debt management [5] 5. Strengthened social welfare measures, including childcare subsidies and free education [5] Policy Directions for 2026 - The conference outlined the policy direction for 2026, emphasizing stability and quality improvement, with a focus on integrating existing and new policies [17][19] - A more proactive fiscal policy will be implemented, maintaining necessary fiscal deficits and ensuring sustainable finances [20][21] - An appropriately loose monetary policy will be adopted to support economic stability and reasonable price recovery [22] Eight Key Tasks for "15th Five-Year Plan" - The conference identified eight key tasks to ensure a strong start for the "15th Five-Year Plan": 1. Focus on domestic demand and build a strong domestic market [26] 2. Accelerate innovation-driven development [26] 3. Enhance high-quality development dynamics through reform [26] 4. Promote win-win cooperation in international trade [26] 5. Foster coordinated development between urban and rural areas [26] 6. Lead with carbon neutrality initiatives for green transformation [26] 7. Prioritize people's livelihoods and address practical issues [26] 8. Mitigate risks in key areas effectively [26][32]

Core Viewpoint - Jiahuan Technology has established a new subsidiary, Jiahuan Digital Intelligent Technology (Xuzhou) Co., Ltd., focusing on artificial intelligence and robotics [1] Group 1: Company Overview - Jiahuan Digital Intelligent Technology has a registered capital of 10 million yuan [1] - The company is wholly owned by Jiahuan Technology (603206) [1] Group 2: Business Scope - The business scope includes the development of artificial intelligence application software [1] - It also encompasses the development of theoretical and algorithmic software for artificial intelligence [1] - Additionally, the company will engage in the development of digital cultural creative software and intelligent robotics [1]

前言 《电报解读》是一款主打时效性和专业性的即时资讯解读产品。侧重于挖掘重要事件的投资价值、分析 产业链公司以及解读重磅政策的要点。即时为用户提供快讯信息对市场影响的投资参考，将信息的价值 用专业的视角、朴素的语言、图文并茂的方式呈现给用户。 液冷+铜箔+机器人，液冷板获全球和国内顶尖芯片客户供应商代码，加快推进HVLP等高速PCB铜箔研 发，向优必选、智元提供人形机器人定制产品，这家公司产品已用于可控核聚变试验EAST项目。 ...

Group 1 - The index experienced a rise of 0.7% with a rolling price-to-earnings ratio of 55.9 times, reflecting a valuation increase of 93.4% since its inception [4] - Another index showed a slight increase of 0.1% with a rolling price-to-earnings ratio of 32.3 times, indicating a valuation growth of 45.5% since its launch [5]

Core Viewpoint - EVE Energy announced the groundbreaking ceremony for the "EVE Sodium Energy Headquarters and Jinyuan Robot AI Center" project, indicating a strategic move to capitalize on the explosive growth of the sodium battery industry and rapid advancements in AI and robotics technology [3][6]. Group 1: Project Overview - The project involves a total investment of approximately 1 billion yuan, with a planned total construction area of about 90,000 square meters, aimed at creating an integrated innovation platform for "R&D - pilot testing - mass production" in the sodium battery sector [6]. - The sodium battery products will feature characteristics such as "non-combustible" and "no trace," utilizing low-carbon materials for self-degradation without the need for recycling, aligning with the goal of achieving "zero-carbon sodium batteries" [6][5]. Group 2: AI and Robotics Integration - The Jinyuan Robot AI Center will cover an area of approximately 50,000 square meters, encompassing the entire process of robot mass production R&D, from "R&D - trial production - pilot testing - final assembly - skills training" [7]. - The project aims to leverage a "robot + generative AI" dual-engine approach to break down collaboration barriers between robots, equipment, and personnel, creating a comprehensive intelligent solution model [7]. Group 3: Future Directions - The company plans to focus on developing comprehensive energy storage solutions that integrate hydrogen, lithium, and sodium, which are key elements in the periodic table and crucial for the future of renewable energy [5]. - EVE Energy aims to achieve a highly automated and intelligent lithium battery manufacturing system, with the vision of "robots manufacturing batteries for robots," providing strong industrial support for the implementation of comprehensive energy storage solutions [6].

Core Viewpoint - The company has completed customer testing for some of its robotic materials and is preparing to follow up on mass production schedules [2] Group 1: Company Developments - The company has indicated that it is in the process of forming a research and development team focused on humanoid robot materials [2] - The company will continue to collaborate with downstream customers to address trends in lightweight, precision, and electronic materials for robots [2]

Core Viewpoint - The company has completed customer testing for some of its robotic materials and is now focusing on the follow-up production schedule while continuing to collaborate with downstream clients on trends in lightweight, precision, and electronic materials for robotics [1] Group 1 - The company has successfully completed customer testing for certain robotic materials [1] - The company is monitoring the production schedule for these materials [1] - The company emphasizes ongoing collaboration with downstream clients [1] Group 2 - The company is paying attention to trends in lightweight, precision, and electronic materials in the robotics sector [1]