国防军工概念股早间集体上攻，多股20%涨停。消费电子概念大涨，瑞华泰临近午间收盘20%涨停。 12月24日早盘，A股整体围绕昨日收盘点位微幅震荡，上证指数、深证成指、创业板指、科创50等均微幅飘红，大盘蓝筹股有所调整，上证50、沪深300 均微幅飘绿。上涨个股远多于下跌个股，市场成交呈小幅萎缩的趋势。 盘面上，商业航天、玻璃玻纤、消费电子、包装印刷等板块涨幅居前，动物保健、游戏、煤炭、电信服务等板块跌幅居前。 商业航天再迎多重利好 国防军工概念股早间集体上攻，商业航天领域继续保持高度活跃状态，板块指数再创历史新高。谱尼测试、超捷股份、新雷能等多股20%涨停，九鼎新 材高开后秒速涨停，连续第2日封板，合众思壮略微低开后仅约1分钟垂直涨停，天工股份、天通股份等逾20股涨停或涨超10%。 大飞机、军民融合、卫星导航、军工电子等板块也纷纷强势上攻，神剑股份、中超控股、天津普林、金海高科等批量涨停。 消息面上，据中国证券监督管理委员会网上办事服务平台披露，近日蓝箭航天IPO辅导工作正式完成，辅导机构为中金公司。 此外，昨日长征十二号甲运载火箭在酒泉卫星发射中心执行任务，将有效载荷送入预定轨道。该发射场已实现"九发九捷" ...

A股市场今天（12月24日）上午整体窄幅波动。国防军工板块大幅上涨，成为上午市场主线之一。 另外，两大国产GPU龙头股摩尔线程和沐曦股份股价走低，跌幅均一度超过7%。 行业板块和赛道方面，若按照申万一级行业划分，国防军工板块大涨，板块盘中涨幅超过2%。新劲刚 盘中"20cm"涨停，霍莱沃盘中涨幅一度超过12%，星网宇达、博云新材、合众思壮等股票盘中触及涨 停，另有多股盘中涨幅超过5%。 | 代码 | 名称 | 现价 | 涨跌 | 涨跌幅 ▼ | | --- | --- | --- | --- | --- | | 300629 | 新劲刚 | 22.66 | 3.78 | 20.02% | | 688682 | 程求人 | 53.96 | 5.02 | 10.26% | | 600118 | 中国 中国 | 66.12 | 6.01 | 10.00% | | 002829 | 星网宇达 | 30.06 | 2.73 | 9.99% | | 002297 | 博云新材 | 11.26 | 1.02 | 9.96% | | 002383 | 合众思壮 | 11.37 | 1.03 | 9.96% | | 60099 ...

A股市场今天（12月24日）上午整体窄幅波动。国防军工板块大幅上涨，成为上午市场主线之一。 另外，两大国产GPU龙头股摩尔线程和沐曦股份股价走低，跌幅均一度超过7%。 A股国防军工概念大涨 A股市场今天上午整体窄幅波动，主要指数涨跌互现，但波动幅度不大。 行业板块和赛道方面，若按照申万一级行业划分，国防军工板块大涨，板块盘中涨幅超过2%。新劲刚 盘中"20cm"涨停，霍莱沃盘中涨幅一度超过12%，星网宇达、博云新材、合众思壮等股票盘中触及涨 停，另有多股盘中涨幅超过5%。 | 代码 | 名称 | 现价 | 涨跌 | 涨跌幅▼ | | --- | --- | --- | --- | --- | | 300629 | 新劲刚 | 22.66 | 3.78 | 20.02% | | 688682 | 程莱沃 | 53.96 | 5.02 | 10.26% | | 600118 | 中国 175 | 66.12 | 6.01 | 10.00% | | 002829 | 星网宇达 | 30.06 | 2.73 | 9.99% | | 002297 | 博云新材 | 11.26 | 1.02 | 9.96% | | 00 ...

Core Viewpoint - The three major indices opened slightly lower and maintained a fluctuating trend throughout the day, with the Shanghai Composite Index briefly surpassing 4000 points, marking a new high in over 10 years [1] Market Performance - As of the market close, the Shanghai Composite Index fell by 0.22%, the Shenzhen Component Index decreased by 0.44%, and the ChiNext Index declined by 0.15% [1] Sector Highlights - The Fujian sector continued to perform strongly, with stocks such as Fujian Cement, Pingtan Development, and Xiamen Port Authority hitting the daily limit [1] - The superconducting concept saw significant gains, with Antai Technology reaching the daily limit [1] - The PCB (Printed Circuit Board) sector experienced fluctuations, with companies like Jingwang Electronics, Dongcai Technology, and Honghe Technology also hitting the daily limit [1] - The defense and military industry was active, with stocks like Great Wall Military Industry and Aerospace Development reaching the daily limit [1] Leading and Lagging Sectors - Sectors with notable gains included transportation facilities, building materials, shipbuilding, software services, communication equipment, and aviation [1] - Conversely, sectors that experienced declines included non-ferrous metals, engineering machinery, daily chemicals, steel, and paper [1]

Core Insights - Global defense stocks experienced an upward trend following US President Donald Trump's supportive remarks regarding Ukraine's efforts to reclaim territory occupied by Russia [1] Group 1 - The comments made by Trump were shared on his Truth Social platform, indicating a significant shift in rhetoric [1] - The positive sentiment from Trump's statements contributed to gains in defense equities across European and Asian markets [1]

Core Insights - Global defense stocks experienced an uptick following U.S. President Donald Trump's comments suggesting Ukraine could reclaim territory from Russia, indicating a shift in sentiment towards the defense sector [1][5]. Defense Industry Performance - Defense stocks were among the top performers on the pan-European Stoxx 600 index, with notable increases in share prices: - Swedish defense company Saab rose approximately 4.4%, reaching a new 52-week high - Italian defense firm Leonardo and German tank parts manufacturer Renk both saw increases of over 3% - German defense company Hensoldt also performed well, up 3.7% at 11:00 a.m. London time [5]. Political Context - Trump's statements reflect a significant rhetorical shift, emphasizing Ukraine's potential to regain its territory with support from the EU and NATO, which have been providing military and humanitarian assistance since the onset of the conflict in 2022 [2][4]. - The U.S. President's comments about NATO members potentially shooting down Russian jets entering their airspace highlight escalating tensions and a more aggressive stance towards Russian military actions [4]. Economic Implications - Trump's remarks about the economic troubles faced by Russia due to the conflict suggest a perception of vulnerability within the Russian military and economic framework, which could influence defense spending and investment strategies in the sector [3].

Market Overview - A-shares experienced a rebound with major indices such as the Shenzhen Component Index, ChiNext Index, and CSI 300 reaching multi-year highs, while the Shanghai Composite Index and other indices showed slight gains [2] - The market turnover decreased to 2.83 trillion yuan, indicating a slight contraction in trading activity [2] Sector Performance - The defense and military, new energy vehicles, rare metals, and consumer electronics sectors saw significant gains, while logistics, semiconductors, cloud services, and education sectors faced declines [2] - The electric equipment industry attracted over 14.7 billion yuan in net inflow from major funds, with non-ferrous metals and pharmaceutical sectors also receiving over 8 billion yuan each [2] Investment Trends - The defense and military sector showed a strong performance, particularly in ground equipment, with notable stocks like Beifang Changlong and Changcheng Military Industry hitting the daily limit [3] - The new energy vehicle sector continued its upward trend, with the index reaching a new phase high and several stocks, including Rongyi Precision and Xian Dao Intelligent, hitting their daily limits [6] Sales Forecasts - The automotive industry is entering a peak sales season, with the China Passenger Car Association raising its forecast for 2025 retail sales of passenger cars to 24.35 million units, a 6% year-on-year increase [8] - In the new energy vehicle segment, wholesale sales are expected to reach 15.48 million units in 2025, reflecting a 27% year-on-year growth, with a market penetration rate projected to reach 56% [8]

1. Report Industry Investment Rating - The investment rating for the stock index is "Oscillation" [1] 2. Core Viewpoints of the Report - Recently, the stock index has been rising hesitantly. Although the technical pressure has been increasing, the actual retracement is far less than expected, indicating that the short - term market sentiment remains strong. This week, this strong state is expected to continue, but to break through the current oscillatory pattern, new macro - level support is needed [3] - The rotation of sectors is still significant. Last week, the national defense and military industry concepts soared, while the anti - involution direction faded. In the pre - emptive market without performance realization, investors need to pay attention to the previous high pressure [3] - In August, the positive factors are expected to be limited, including the policy vacuum period after the Politburo meeting and the risk of downward revision of expectations due to the intensive release of corporate semi - annual reports. The general upward trend of the stock index is the market's main theme, but in the short term, the safety cushion for unilateral long positions has shrunk, and there is an expected phased retracement in August. It is recommended to take short - term long positions intraday, and subsequent sharp drops are opportunities to re - enter the market for long positions [3] 3. Summary of Related Catalogs 3.1 Macro Stock Market Information - Sino - US issued the "Joint Statement of the Sino - US Stockholm Economic and Trade Talks". The US promised to continue adjusting the measures of imposing tariffs on Chinese goods, and both sides continued to suspend the implementation of 24% reciprocal tariffs for 90 days starting from August 12 [4] - Three departments jointly issued the "Implementation Plan for the Fiscal Interest Subsidy Policy for Personal Consumption Loans", clarifying that from September 1, 2025, to August 31, 2026, eligible personal consumption loans can enjoy fiscal interest subsidies [4] 3.2 Stock Index盘面 Review - **Market Tracking**: In the previous trading day, the A - share market oscillated upwards. Among the four major indices, the Shanghai Composite 50 Index rose 0.61%, the CSI 300 Index rose 0.52%, the CSI 500 Index rose 0.41%, and the CSI 1000 Index rose 0.28%. In terms of sectors, motorcycles (+3.32%) and computer hardware (+2.18%) led the gains, while aerospace and military industry (-1.26%) and chemical fiber industry (-1.18%) lagged. More than 2,000 stocks rose, and 60 stocks hit the daily limit, with a relatively poor profit - making effect [4] - **Technical Tracking**: The daily and weekly lines maintain an upward trend, while the monthly line remains in an oscillatory market. Among different varieties, the CSI 500 and CSI 1000 have performed strongly in recent days, while the Shanghai Composite 50 and CSI 300 show signs of marginal weakening [4] - **Fund Flow**: The trading volume of the A - share market slightly increased to 1.9 trillion yuan, indicating a moderately positive trading sentiment [4] 3.3 Core Logic Summary - **Futures Operation**: The short - term sentiment is strong, but the safety cushion for long positions has shrunk. It is recommended to take short - term long positions intraday or wait and see. For the IH - IM spread, a left - hand layout can be made in advance [3] - **Options Operation**: The implied volatility of stock index options has flattened, with the at - the - money IV of the CSI 300 in the current month fluctuating between 12 - 13%. During the narrow - range oscillation period, the cost - effectiveness of participating in options is not high. It is recommended to wait and see for the second wave of enhanced volatility [3]

Group 1 - The defense and military industry concept opened high but closed low, indicating volatility in the sector [1] - Hengyu Xintong experienced a decline of over 10%, reflecting significant downward pressure on the stock [1] - Other companies such as Aileida, JianShe Industrial, Beifang Changlong, and Guanshang Technology also saw declines of over 5%, suggesting a broader trend of negative performance in the industry [1]

Core Viewpoint - The A-share market experienced a positive closing with the Shanghai Composite Index rising by 0.80%, driven by significant gains in the defense, agriculture, and aviation sectors [1] Market Performance - The three major indices opened high but fluctuated before closing, with the Shanghai Composite Index up by 0.80%, the Shenzhen Component Index up by 0.22%, and the ChiNext Index up by 0.51% [1] - The total market turnover exceeded 1.5 trillion yuan, with approximately 3,300 stocks rising [1] Sector Highlights - The defense and military industry saw substantial gains, with around 20 stocks, including Aerospace Long-March and Dazhong Technology, hitting the daily limit [1] - The agriculture sector, particularly seed and grain concepts, surged in the afternoon, with Qiule Seed Industry rising by approximately 18% [1] - The aviation sector also performed well, with stocks like Lijun Co. reaching the daily limit [1] - Other sectors that showed significant increases included shipbuilding, agriculture, insurance, real estate, large aircraft concepts, and fertilizer concepts [1] - Conversely, sectors such as semiconductors and media experienced declines [1]