在化学合成方面最重要的能力是商业化的能力，公司在产品商 业化方面是具有竞争力的。新能源行业是"足够宽、足够长" 的赛道。另一方面，公司当时业务以海外客户的 CDMO 业务 为主，拓展新能源业务能有效对冲经营风险，保障公司发展稳 健。尽管在新领域开拓过程中不可避免会面临一些挑战，公司 目前正稳步推进相关规划，积极提升技术与运营能力，缩小与 行业领先者的差距。 3、公司英国基地今年情况如何？马来西亚基地建设情况如 何？这两个海外基地未来有何规划？ 公司英国基地 25 年整体生产经营情况平稳，26 年也将保 持稳健。马来西亚基地计划投资 2 亿美金并分期建设，目前仍 在第一期建设中，马来西亚基地目前规划以生产植保 CDMO 产 品为主，计划将于 26 年底完成第一期项目建设，并于 27 年根 据客户订单情况按步投产。未来，公司可以向客户提供的来自 中国、英国和马来西亚基于产品生命周期不同需求的全产业链 服务，利用中国完善的化工供应链配套设施及有竞争性的基础 资源，协同英国和马来西亚灵活的生产及登记政策，为客户、 为行业提供差异化的、一站式的供应链解决方案。 4、公司医药业务情况如何？新客户拓展及业务规划如何？ 联化 ...

证券研究报告 | 策略点评 2026 年 01 月 07 日 投资要点 分析师：孟之绪 执业编号：S0300524080001 电话： 邮箱：mengzhixu@ykzq.com 今日关注 指数涨跌情况：今日 A 股主要指数多数收涨。截止收盘，沪指涨 0.05%，收报 4085.77点；深证成指涨0.06%，报14030.56点；科创50涨0.99%，收报1443.39 点；创业板指涨 0.31%，收报 3329.69 点。总体上，全天个股涨少跌多，Wind 数据显示，全市场 2164 只个股上涨，3188 只个股下跌，107 只个股收平。沪 深两市今日成交额合计 28541 亿元，较上个交易日放量 476 亿元。 行业涨跌情况：今日申万一级行业涨多跌少，综合、煤炭、电子、通信等行 业涨幅靠前，涨幅分别为 3.86%、2.47%、1.25%、1.24%，石油石化、非银金 融、美容护理、计算机、银行等行业跌幅靠前，跌幅分别为 1.73%、1.13%、 1.03 %、0.81%、0.72%。 概念板块涨跌情况：今日涨幅居前概念板块为半导体设备、光刻机、中芯国 际产业链、半导体材料、工业气体、稀土、半导体硅片、CR ...

大盘今日全线上行，科技方向涨幅居前，脑机接口、存储器、CRO等概念领涨，带动成长风格走强。指数层面，国证成长100指数上涨2.9%，国证自由现金 流指数上涨0.8%，国证价值100指数上涨0.5%，相关ETF获资金加仓，成长ETF易方达（159259）全天净申购超8000万份。 国证成长100指数聚焦A股成长风格突出的股票，紧扣经济转型脉搏，当前指数超七成权重集中于电子、通信、计算机板块，精准卡位AI算力核心环节，结 构锐度突出。成长ETF易方达（159259）是市场唯一跟踪该指数的产品，可助力投资者把握成长风格投资机遇。 每日经济新闻 ...

今日，AI概念股全线走强，盘面上，脑机接口、存储器、CRO等概念涨幅居前。截至收盘，中证人工智能主题指数上涨3.2%，上证科创板人工智能指数上 涨4.8%。相关ETF交投活跃，人工智能ETF易方达（159819）和科创人工智能ETF易方达（588730）全天成交额分别达7.7亿元和1.9亿元。 华泰证券认为，人工智能行业正处于快速发展阶段，技术创新和应用场景不断拓展。随着政策支持力度的加大以及市场需求的增长，人工智能产业链将迎来 新的发展机遇。特别是中上游的基础技术领域如芯片、算法框架等，将成为未来投资的重点方向，人工智能的长期投资价值显著。 每日经济新闻 ...

盘面上，马斯克计划2026年大规模量产脑机接口设备，脑机接口板块掀涨停潮，道氏技术、三博脑科及乐普医疗等20股涨停；保险股大涨，新华保险涨超 8%；医疗器械板块走高，赛诺医疗等多股涨停；AI芯片、存储芯片板块拉升，普冉股份、恒烁股份涨停；重组蛋白、快手概念、CRO、游戏及Sora概念等 涨幅居前。另外，海南、免税板块逆市下跌，海汽集团、海南发展领跌；旅游酒店板块走低，凯撒旅业跌近7%；铁路公路、电机及航空机场等板块跌幅居 前。(格隆汇) | 上证指数 | 深证成指 | 北证5( | | --- | --- | --- | | 4023.42 | 13828.63 | 1466.4 | | +54.58 +1.38% +303.61 +2.24% +25.99 +1 | | | | 科创20 | 创业板指 | 万得全/ | | 1403.41 | 3294.55 | 6537.9 | | +59.21 +4.41% +91.38 +2.85% +127.70 +1 | | | | 沪深300 | 中证500 | 中证A5( | | 4717.75 | 7651.20 | 5763.3 | | +87.81 +1 ...

来源：新浪证券-红岸工作室 12月29日，美好医疗涨8.30%，成交额4.82亿元，换手率5.28%，总市值142.45亿元。 异动分析 减肥药+CRO概念+脑机接口+医疗器械概念+人民币贬值受益 1、2025年10月22日投资者关系记录表：公司已与客户签订减肥笔订单，相关自动化产线已启动建设， 预计明年投入交付。 2、2023年9月1日公告：公司专注于医疗器械领域，为全球医疗器械百强客户以及细分市场龙头企业提 供CDMO和CRO的一站式服务。 3、根据2025年12月12日互动易：公司正与下游脑机接口客户深入开展产品合作，协助客户实现从实验 室研发到批量出货的高效商业化转化，目前相关业务产生的收入规模较小，具体客户合作细节涉及商业 机密不便回复。 4、公司的主营业务是医疗器械精密组件及产品的设计开发、制造和销售。公司主要产品为家用呼吸机 组件、人工植入耳蜗组件和肺功能仪等医疗器械产品。其中，组件产品主要应用于家用呼吸机和人工植 入耳蜗产品的生产。公司目前医疗器械自主产品主要为肺功能仪。 5、根据2024年年报，公司海外营收占比为86.64%，受益于人民币贬值。 (免责声明：分析内容来源于互联网，不构成投资建 ...

- The provided content does not include any quantitative models or factors, nor their construction, evaluation, or backtesting results[1][2][3][4][5][6][7][8][9][10][11][12][13][14][15][16][17][18][19][20][21][22][23][24][25][26][27][28][29][30][31][32][33][34][35][36][37][38][39][40][41][42][43][44][45][46][47][48]

Market Overview - The A-share market experienced a decline today, with the Shanghai Composite Index falling by 0.42% to close at 3897.71 points, the Shenzhen Component Index down by 0.68% to 13056.70 points, the ChiNext Index decreasing by 0.69% to 3071.15 points, and the Sci-Tech 50 Index dropping by 1.24% to 1320.16 points [1][14] - Overall, there were 1541 stocks that rose while 3739 stocks fell, with 171 stocks remaining flat. The total trading volume in the Shanghai and Shenzhen markets was 15934 billion yuan, a decrease of 2805 billion yuan compared to the previous trading day [1] Industry Performance - Among the Shenwan first-level industries, the sectors that saw gains included Oil & Petrochemicals (up 0.71%), Light Industry Manufacturing (up 0.55%), Home Appliances (up 0.43%), Building Materials (up 0.32%), and Communications (up 0.27%). Conversely, the sectors that experienced declines included Media (down 1.75%), Nonferrous Metals (down 1.36%), Computers (down 1.34%), Pharmaceuticals & Biology (down 1.23%), and Electric Equipment (down 1.18%) [1][14] Sector Highlights - The concept sectors that performed well today included Cross-Strait Integration, SPD, and Pre-made Dishes, while sectors such as CRO, Cultivated Diamonds, and Lithium Mining saw a pullback [2][11]

Market Overview - The three major A-share indices collectively declined in the morning session, with the Shanghai Composite Index down by 0.55%, the Shenzhen Component Index down by 0.77%, and the ChiNext Index down by 0.88% [1] - The trading volume in the Shanghai and Shenzhen markets reached 10,560 billion yuan, a decrease of 1,807 billion yuan compared to the previous day [1] - Over 3,900 stocks in the market experienced declines [1] Sector Performance - The sectors that saw gains included pharmaceutical commerce, Fujian, Hainan Free Trade Zone, tourism and hotels, AI mobile phones, real estate, and coal mining and processing [1] - Conversely, sectors that weakened included lithium battery electrolyte, CRO, GPU, rare earth permanent magnets, superhard materials, servers, robotics, and photolithography concept stocks [1] ETF Performance - The Invesco Great Wall Fund S&P Consumer ETF rose by 1.59%, driven by strong U.S. Black Friday consumer data [1] - Hong Kong dividend stocks performed well, with the China Merchants Fund Hong Kong Dividend Low Volatility ETF, Huatai-PB Fund Hong Kong Dividend Low Volatility ETF, and E Fund Hang Seng Dividend Low Volatility ETF increasing by 1.46%, 1.36%, and 1.22% respectively [1] - The S&P Biotechnology ETF fell by 2.2%, while the rare earth sector ETFs, including the Harvest Rare Earth ETF, also declined by 2% [1] - The robotics sector ETFs, including the Invesco Robotics ETF and E Fund Robotics ETF, decreased by 1.97% and 1.94% respectively [1]

Group 1: New Stock Offerings - Two new stocks will be available for subscription on the Sci-Tech Innovation Board next week: Moer Thread on November 24 and Bai Ao Sai Tu on November 28 [1] - Moer Thread's offering price is set at 114.28 yuan per share, making it the highest IPO price this year, with a total fundraising target of 8 billion yuan [1][2] - Moer Thread is expected to become the "first domestic GPU stock" upon listing, with a total market capitalization projected to reach 53.7 billion yuan [2] Group 2: Moer Thread Company Overview - Moer Thread focuses on the research, design, and sales of GPUs and related products, aiming to provide computing acceleration platforms for high-performance computing fields such as AI and digital twins [2] - The company has launched four generations of GPU architectures since its establishment in 2020, but has not yet achieved profitability, reporting losses from 2022 to 2025 [2] Group 3: Bai Ao Sai Tu Company Overview - Bai Ao Sai Tu is a leading company in the field of model animals, focusing on preclinical research and biotechnology services [3] - The company utilizes its proprietary gene editing technology to provide innovative model animals and drug development services, and has been listed in Hong Kong since 2022 [3] - Bai Ao Sai Tu has shown revenue growth from 5.34 billion yuan in 2022 to an expected 9.80 billion yuan in 2024, with a net profit turning positive in 2025 [3]