点击蓝字，关注我们 今日上午港股 1 . 九龙仓置业(01997)跌超4% 。消息面上，1月2日，香港特区政府统计处发表最新的零售业销货额数 字。2025年11月的零售业总销货价值的临时估计为337亿港元，较2024年同月上升6.5%。2025年10月 的零售业总销货价值的修订估计较2024年同月上升6.9%。 2 . 科济药业-B(02171)涨近5% 。消息面上，12月30日，据科济药业官微消息，公司宣布，由旗下上海 科济制药有限公司牵头申报的"实体肿瘤的免疫细胞治疗关键技术和 创新药 研发"项目，正式获批列 入创新药物研发国家科技重大专项2025年度项目立项清单。 3 . CRO概念股表现强势， 昭衍新药(06127)涨12.12%，泰格医药(03347)涨6.46%，药明康德(02359)涨 4.55%，康龙化成(03759)涨4.39% 。 9 . 科伦博泰生物-B(06990)涨超8% 。消息面上，1月4日，科伦博泰生物-B发布公告，公司自主研发的 靶向整合素β6(ITGB6)抗体偶联药物(ADC)SKB105(亦称CR-003)的新药临床试验(IND)申请已获中国国 家药品监督管理局(NMPA) ...

智通财经APP获悉，周五，AI能源概念股集体走高，截至发稿，Bloom Energy(BE.US)涨超8%， Constellation Energy(CEG.US)涨超4%，康明斯(CMI.US)涨超1.3%。 ...

交易所数据显示，可控核聚变（886065）指数19日高开。 消息面上，12月18日，特朗普媒体与科技集团与核聚变能源企业TAE科技达成合并协议，交易估值超过 60亿美元。该交易为全股票交易，预计在2026年年中完成。根据公司公告，合并旨在整合前者的资本渠 道与后者的聚变技术，为人工智能发展提供能源支持。合并后的公司计划于2026年开始建设全球首座公 用事业规模的聚变发电厂。TAE是一家成立于1998年的私营科技公司，已建成并运营5座核聚变反应 堆。 受全球产业加速趋势及国内重大工程设备采购进入高峰期的推动，可控核聚变行业近期利好频现。根据 华源证券数据，2025年第四季度以来，仅合肥BEST项目的招标规模就达到约26.2亿元，较前期数据明 显放量。同时，中信证券年初发布的研报预计，2030至2035年间，全球核聚变装置市场规模有望达到 2.26万亿元。 核心部件与材料板块 可控核聚变装置涉及大量高精尖的核心部件与特种材料。磁体电源系统、真空室、第一壁、偏滤器等关 键部件的性能直接决定了装置的稳定运行能力。随着国内外多个聚变项目进入工程化建设阶段，对高性 能超导材料、特种合金、耐高温材料以及精密制造部件的需求将 ...

Market Performance - The A-share market indices collectively strengthened, with the Shanghai Composite Index rising by 0.73%, Shenzhen Component Index by 1.78%, and ChiNext Index by 2.55% [1] - The total trading volume in the Shanghai and Shenzhen markets reached 20,420 billion yuan, an increase of 969 billion yuan compared to the previous day [1] - The number of rising stocks was 3,953, while 1,338 stocks declined, with a median increase of 0.61% for the rising stocks [1] Industry Highlights - The surge in the ChiNext Index was primarily driven by the lithium battery industry chain, forming a small double bottom pattern [1][2] - If the ChiNext Index breaks through the high point of 3,240 on November 7, the reliability of the small double bottom will be further strengthened [2] - The lithium and energy storage sectors were the biggest market hotspots, with 56 stocks in these sectors hitting the daily limit or rising over 10%, accounting for nearly half of the total [2] Price Movements and Company News - Prices of upstream products, such as electrolyte additives, have increased, with VC (Vinylene Carbonate) averaging 110,000 yuan per ton, up by 44,500 yuan [3] - Strategic cooperation agreements between companies like Haibo Shichuang and CATL are expected to boost demand, with a projected cumulative purchase of 200 GWh of electricity from 2026 to 2028 [3] - The National Energy Administration's recent guidelines to promote the integration of new energy sources are expected to further support the industry [3] Sector Analysis - The electric equipment sector index rose by 4.04%, leading the industry sector gains, driven by the increasing scale of new energy installations [4] - The non-ferrous and chemical sectors ranked second and third in industry gains, benefiting from the green energy transition and the demand for materials in electric vehicles and solar panels [5] - Analysts predict that the non-ferrous and chemical sectors will continue to perform well, with lithium prices stabilizing and copper being a key investment direction for 2026 [6] Financial Performance - In the first ten months, new social financing reached 30.9 trillion yuan, with new loans amounting to 14.97 trillion yuan, indicating a robust financial environment [7] - Semiconductor company SMIC reported a net profit of 1.51 billion yuan in Q3, a year-on-year increase of 43.1%, with revenue guidance for Q4 expected to remain stable or grow by 2% [7] - Tencent Holdings reported a net profit of 63.13 billion yuan for Q3, exceeding estimates [8]

Market Overview - The A-share market indices collectively strengthened, with the Shanghai Composite Index rising by 0.73%, the Shenzhen Component Index by 1.78%, and the ChiNext Index by 2.55% [1] - The total trading volume in the Shanghai and Shenzhen markets reached 20,420 billion yuan, an increase of 969 billion yuan compared to the previous day [1] - The number of rising stocks outnumbered falling stocks, with 3,953 stocks rising and 1,338 falling, and the median increase of individual stocks was 0.61% [1] Index Performance - The Shanghai Composite Index reached a new high, confirming an upward trend from the right side, while the left side confirmation began with a divergence starting on November 5 [1] - The ChiNext Index's rise was primarily driven by the lithium battery industry chain, forming a small double bottom pattern [2] Sector Highlights - The lithium and energy storage sectors were the biggest market hotspots, with 118 stocks hitting the daily limit or rising over 10%, of which 56 belonged to these two sectors [2] - Major stocks in these sectors, such as CATL, saw significant gains, with CATL closing up 7.56% [2] Price Movements and Industry Drivers - The rise in the lithium and energy storage sectors was driven by several factors, including price increases in upstream products like electrolyte additives [3] - Strategic partnerships, such as the one between Haibo Shichuang and CATL, confirmed strong global demand for energy storage [3] - Recent policy support from the National Energy Administration aimed at promoting the integration of new energy sources further bolstered the sectors [3] Future Outlook - The market is expected to continue its upward trend, but there are resistance levels around 4,000 to 4,184 points from mid-July to mid-August 2015, which may slow the pace of growth [2] - The battery sector is projected to maintain a growth rate of 25% to 30% next year, with leading companies having reasonable valuation levels [3] Related Industries - The electrical equipment sector index rose by 4.04%, leading the industry sector gains, driven by the increasing scale of new energy installations [4] - The non-ferrous metals and chemical sectors are also experiencing significant growth, driven by the demand for materials essential for green energy transition [5] - Analysts are optimistic about these sectors, with expectations of sustained high profits and reasonable valuations [6]

Core Insights - The company reported a strong performance in the first half of 2025, with revenue reaching 5.422 billion yuan, a year-on-year increase of 15.29%, and a net profit attributable to shareholders of 519 million yuan, up 26.42% [1] - The energy services segment has become the main driver of growth, with a remarkable revenue increase of 378.81% to 1.079 billion yuan, significantly contributing to the overall revenue [1][2] - The company is focusing on digital transformation and has made significant strides in AI and asset tokenization, enhancing its energy service ecosystem [2][3] Financial Performance - In 1H25, the company achieved a comprehensive gross margin of 26.93%, an increase of 1.57 percentage points year-on-year [2] - The gross margin for the energy services segment was 31.23%, reflecting its rapid growth and profitability [2] - The company effectively controlled sales and management expenses, with reductions of 0.42 percentage points and 1.22 percentage points, respectively [2] Business Segments - Traditional business segments showed mixed results, with electricity sales revenue of 2.786 billion yuan (up 3.09%) and heat sales revenue of 1.157 billion yuan (down 14.42%) [1] - The energy services business accounted for 19.90% of total revenue, up from 4.79% in the same period last year, indicating a successful strategic shift [1] Future Outlook - The company forecasts net profits of 820 million yuan, 960 million yuan, and 1.19 billion yuan for 2025-2027, with corresponding dynamic PE ratios of 25x, 21x, and 17x [3] - The collaboration with Ant Group in AI energy and asset tokenization is expected to unlock new value opportunities [3] - The dual-driven strategy of "assets + services" and digital transformation is viewed positively for future growth [3]

Group 1 - Ant Group and GCL-Poly Energy announced the establishment of a new company "Ant Xinneng" to create an "AI-driven next-generation new energy ecosystem" by integrating AI and blockchain technology with energy project development and management [1] - Ant Xinneng aims to tap into the trillion-level market of energy AI applications, focusing on intelligent operations and decision-making across various electricity business scenarios, including power plant operation and maintenance, electricity trading, and virtual power plants [1][2] - GCL-Poly's President Zhu Yufeng emphasized the goal of providing standardized products for customers to manage energy assets and achieve low-emission targets, particularly in carbon asset management [1][3] Group 2 - The collaboration comes at a time when the domestic electricity market is undergoing significant changes, transitioning from traditional planned scheduling to a multi-layered market system with market-oriented trading mechanisms [2] - GCL-Poly's AI Virtual Power Plant (AIVP) and risk-weighted assets (RWA) innovations won multiple awards at the SNEC exhibition, highlighting the company's leadership in green energy technology and understanding of electricity trading [2] - The partnership is seen as a model of synergy between digital economy and energy industry, marking a strategic choice for GCL-Poly to embrace AI and reshape future energy forms [3]