Strong Stocks - As of December 30, the Shanghai Composite Index remained unchanged at 3965.12 points, while the Shenzhen Component Index increased by 0.49% to 13604.07 points, and the ChiNext Index rose by 0.63% to 3242.9 points [1] - A total of 66 stocks in the A-share market hit the daily limit, with the top three strong stocks being: Tailong Co., Ltd. (002347), Zhenghe Ecology (605069), and Shoukai Co., Ltd. (600376) [1] - The top 10 strong stocks with specific data include: - Tailong Co., Ltd. (002347) with 4 consecutive limit-ups and a turnover rate of 44.08% - Zhenghe Ecology (605069) with 3 limit-ups in 5 days and a turnover rate of 36.95% - Shoukai Co., Ltd. (600376) with 3 limit-ups in 7 days and a turnover rate of 14.21% [1] Strong Concept Sectors - The top three concept sectors with the highest increase in A-shares are: Reducers, Humanoid Robots, and PEEK Materials [2] - The top 10 concept sectors with their respective increase percentages include: - Reducers with an increase of 2.86% - Humanoid Robots with an increase of 1.94% - PEEK Materials with an increase of 1.82% [3]

Core Viewpoint - The Chengfei concept stock increased by 1.59%, ranking 8th among concept sectors, with 28 stocks rising and notable gains from Beimo Gaoke, Guanglian Aviation, and Zhonghang Heavy Industry [1][5]. Market Performance - The Chengfei concept sector saw a net inflow of 348 million yuan, with 22 stocks receiving net inflows, and 6 stocks exceeding 50 million yuan in net inflow [2][6]. - The top net inflow stock was Zhonghang Heavy Industry, with a net inflow of 423 million yuan, followed by Huali Chuangtong and Beimo Gaoke [2][6]. Stock Performance - Notable gainers included Beimo Gaoke (10.01%), Guanglian Aviation (8.50%), and Zhonghang Heavy Industry (6.68%) [3][8]. - The stocks with the highest net inflow ratios were Beimo Gaoke (21.95%), *ST Zhisheng (17.45%), and Zhonghang Heavy Industry (16.56%) [3][7]. Decliners - The stocks with the largest declines included Shenling Environment (-3.96%), Aerospace Morning Light (-3.48%), and Guolan Testing (-2.31%) [1][5].

证券研究报告 2025 年 12 月 18 日 星期四 【A 股市场大势研判】 三大指数涨超 1% 市场表现： | 指数名称 | 收盘点位 | 涨跌幅 | 涨跌 | 上证指数分时图 | | --- | --- | --- | --- | --- | | 上证指数 | 3870.28 | 1.19% | 45.47 | | | 深证成指 | 13224.51 | 2.40% | 309.85 | | | 沪深 300 | 4579.88 | 1.83% | 82.32 | | | 创业板 | 3175.91 | 3.39% | 104.15 | | | 科创 50 | 1325.33 | 2.47% | 31.95 | | | 北证 50 | 1439.02 | -0.04% | -0.63 | | 资料来源：东莞证券研究所，iFinD 数据 板块排名： | 申万行业表现前五 | | | 申万行业表现后五 | 概念板块表现前五 ◼ | | 概念板块表现后五 | | | --- | --- | --- | --- | --- | --- | --- | --- | | 通信 | 5.07% | 农林牧渔 | -0 ...

一、强势个股 | 概念名称 | 涨跌幅 (%) | 涨停用 | | --- | --- | --- | | 共封装光学 (CPO) | 3.76 | | | 铜缆高速连接 | 3.55 | | | 液冷服务器 | 3.35 | | | 金属铝 | 3.2 | | | 中国AI 50 | 3.18 | | | AI PC | 3.11 | | | 光纤概念 | 2.99 | | | PET铜箔 | 2.73 | | | F5G概念 | 2.71 | | | 富士康概念 | 2.7 | | （文章来源：21世纪经济报道） 二、强势概念板块 根据A股概念涨跌幅与所对应的股票池综合分析，涨幅靠前的三个概念板块分别为：共封装光学（CPO）、铜缆高速连接与液冷服务器。排名前10位的概念 板块相关数据见下表： 截至12月17日收盘，上证综指上涨1.19%，收于3870.28点，深证成指上涨2.4%，收于13224.51点，创业板指上涨3.39%，收于3175.91点。今日沪深两市A股 共计58只涨停，综合当前连板数以及当日龙虎榜数据，其中较为强势的前三只个股分别为：百大集团（600865）、三羊马（001317）与皮阿诺（ ...

截至12月17日收盘，军工信息化概念下跌0.70%，位居概念板块跌幅榜前列，板块内，航天长峰、银河 电子、*ST奥维等跌停，谱尼测试、航天发展、天箭科技等跌幅居前，股价上涨的有41只，涨幅居前的 有王子新材、科思科技、淳中科技等，分别上涨9.98%、8.80%、6.52%。 今日涨跌幅居前的概念板块 | 概念 | 今日涨跌幅（%） | 概念 | 今日涨跌幅（%） | | --- | --- | --- | --- | | 共封装光学(CPO) | 3.76 | 海南自贸区 | -2.09 | | 铜缆高速连接 | 3.55 | 赛马概念 | -1.08 | | 液冷服务器 | 3.35 | 网约车 | -0.90 | | 金属铅 | 3.20 | 自由贸易港 | -0.90 | | 中国AI 50 | 3.18 | 军工信息化 | -0.70 | | AI PC | 3.11 | 转基因 | -0.65 | | 同花顺果指数 | 3.08 | 租售同权 | -0.64 | | 光纤概念 | 2.99 | 粮食概念 | -0.60 | | PET铜箔 | 2.73 | 生态农业 | -0.55 | | F5G概 ...

截至12月17日收盘，PET铜箔概念上涨2.73%，位居概念板块涨幅第9，板块内，39股上涨，江南新材涨 停，骄成超声、德福科技、东材科技等涨幅居前，分别上涨13.54%、12.53%、8.92%。跌幅居前的有光 莆股份、同益股份、汇成真空等，分别下跌1.85%、1.64%、1.06%。 今日涨跌幅居前的概念板块 | 概念 | 今日涨跌幅（%） | 概念 | 今日涨跌幅（%） | | --- | --- | --- | --- | | 共封装光学(CPO) | 3.76 | 海南自贸区 | -2.09 | | 铜缆高速连接 | 3.55 | 赛马概念 | -1.08 | | 液冷服务器 | 3.35 | 网约车 | -0.90 | | 金属铅 | 3.20 | 自由贸易港 | -0.90 | | 中国AI 50 | 3.18 | 军工信息化 | -0.70 | | AI PC | 3.11 | 转基因 | -0.65 | | 同花顺果指数 | 3.08 | 租售同权 | -0.64 | | 光纤概念 | 2.99 | 粮食概念 | -0.60 | | PET铜箔 | 2.73 | 生态农业 | -0.55 | ...

截至12月17日收盘，中国AI 50概念上涨3.18%，位居概念板块涨幅第5，板块内，46股上涨，美年健 康、英维克等涨停，金盘科技、新易盛、麦格米特等涨幅居前，分别上涨9.64%、9.55%、8.22%。跌幅 居前的有中国移动、恒立液压、中国电信等，分别下跌0.66%、0.53%、0.30%。 今日涨跌幅居前的概念板块 | 概念 | 今日涨跌幅（%） | 概念 | 今日涨跌幅（%） | | --- | --- | --- | --- | | 共封装光学(CPO) | 3.76 | 海南自贸区 | -2.09 | | 铜缆高速连接 | 3.55 | 赛马概念 | -1.08 | | 液冷服务器 | 3.35 | 网约车 | -0.90 | | 金属铅 | 3.20 | 自由贸易港 | -0.90 | | 中国AI 50 | 3.18 | 军工信息化 | -0.70 | | AI PC | 3.11 | 转基因 | -0.65 | | 同花顺果指数 | 3.08 | 租售同权 | -0.64 | | 光纤概念 | 2.99 | 粮食概念 | -0.60 | | PET铜箔 | 2.73 | 生态农业 | -0. ...

Core Viewpoint - The A-share market showed a mixed performance on December 10, with the Shanghai Composite Index declining by 0.23% while the Shenzhen Component Index increased by 0.29, indicating a divergence in market sentiment [1] Market Performance - The total trading volume in the Shanghai and Shenzhen markets was 1.78 trillion yuan, a decrease of approximately 125.4 billion yuan compared to the previous trading day [1] - A total of 2,341 stocks rose while 2,658 stocks fell, with declining stocks slightly outnumbering rising ones [1] Popular Stocks - The top ten popular stocks included Yonghui Supermarket, Vanke A, Haima Automobile, Longzhou Co., Aerospace Development, Tiantong Co., Zhongke Shuguang, Hainan Development, Dongbai Group, and Tefa Information [1][2] Stock Analysis - Yonghui Supermarket is undergoing transformation by adopting the "Pang Donglai" model amid ongoing operational pressures, supported by innovative retail policies and significant buying from well-known funds [3] - Vanke A benefits from low-interest loans from its major shareholder, enhancing its debt structure and business development, with active market participation reflected in a net purchase of 1.47 billion yuan [3] - Haima Automobile is positively impacted by the implementation of policies related to the Hainan Free Trade Port, with significant advancements in its new energy vehicle segment [3] - Longzhou Co. is driven by multiple catalysts, including hydrogen energy policies and government compensation for land acquisition, contributing to its profitability [3] - Aerospace Development is involved in low-orbit satellite projects, benefiting from dual policy and industry catalysts [4] - Tiantong Co. is positioned in several hot market areas, including PCB and lithium batteries, with successful production of lithium niobate chips [4] - Zhongke Shuguang is gaining attention due to its major asset restructuring and alignment with AI and liquid cooling server trends [4] - Hainan Development and Dongbai Group are influenced by favorable policies related to the Hainan Free Trade Port, while Tefa Information benefits from trends in AI computing and digital infrastructure [5]

Core Viewpoint - SMIC (Semiconductor Manufacturing International Corporation) is experiencing a positive market response, with a slight increase in stock price and significant trading volume, indicating investor interest and confidence in the company's growth potential [1]. Group 1: Company Overview - SMIC is the largest integrated circuit manufacturing enterprise in mainland China, recognized for its advanced technology and comprehensive support [3]. - The company specializes in wafer foundry services across various technology nodes, providing design services, IP support, and photomask manufacturing [3]. - As of September 30, 2025, SMIC reported a revenue of 49.51 billion yuan, reflecting a year-on-year growth of 18.22%, and a net profit of 3.82 billion yuan, up 41.09% from the previous year [7]. Group 2: Investment and Shareholding - The National Integrated Circuit Industry Investment Fund holds a 1.61% stake in SMIC, indicating institutional support [2]. - As of September 30, 2025, the number of shareholders in SMIC increased to 336,200, with an average of 6,134 shares held per shareholder, showing growing retail investor interest [7]. - Major institutional shareholders include various ETFs, with notable reductions in holdings from some funds, while new entries have been observed [8]. Group 3: Market Performance - On December 1, SMIC's stock price increased by 0.70%, with a trading volume of 3.725 billion yuan and a market capitalization of 915.22 billion yuan [1]. - The stock's average trading cost is reported at 122.64 yuan, with the current price approaching a resistance level of 119.22 yuan, suggesting potential for upward movement if this level is surpassed [6].

Strong Stocks - As of November 26, the Shanghai Composite Index fell by 0.15% to 3864.18 points, while the Shenzhen Component Index rose by 1.02% to 12907.83 points, and the ChiNext Index increased by 2.14% to 3044.69 points [1] - A total of 76 stocks in the A-share market hit the daily limit up, with the top three strong stocks being: TeFa Information (000070), Huanrui Century (000892), and Leike Defense (002413) [1] - The top 10 strong stocks showed significant trading activity, with TeFa Information achieving a 4-day limit up and a turnover rate of 25.84%, while Huanrui Century also had a 4-day limit up with a turnover rate of 37.38% [1] Strong Concept Sectors - The top three concept sectors based on A-share performance were: Horse Racing Concept, Duty-Free Shops, and Guangdong Free Trade Zone, with respective increases of 1.95%, 1.72%, and 1.5% [2] - The Horse Racing Concept had 50% of its constituent stocks rising, while the Duty-Free Shops sector saw 68.97% of its stocks increase [2] - The top 10 concept sectors displayed a mix of performance, with sectors like Medical E-commerce and CPO (Co-Packaged Optics) also showing positive growth [2]