Group 1 - The A-share market closed for 2025 with the Shanghai Composite Index rising by 0.09%, marking an 11-day winning streak and an annual increase of 18.41%, the highest in 10 years [1] - The Shenzhen Component Index fell by 0.58% but recorded an annual gain of 29.87%, while the ChiNext Index decreased by 1.23% with an impressive annual rise of 49.57% [1] - The STAR 50 Index saw an annual increase of 35.92%, and the North Exchange 50 Index rose by 38.8% for the year [1] Group 2 - Various sectors such as computing hardware, non-ferrous metals, banking, battery supply chain, innovative pharmaceuticals, commercial aerospace, and robotics contributed to the Shanghai Composite Index reaching above 4000 points during the year [1] - The CPO Index had the largest gain among concept indices, increasing over 180% cumulatively [1] - In the ETF market, the commercial aerospace sector continued its upward trend, with multiple satellite ETFs rising over 7%, while the low-altitude economy sector also performed well with gains of 4.6% [1] Group 3 - In terms of annual performance, AI hardware and non-ferrous themed ETFs showed remarkable results, with the Guotai Fund Communication ETF, the Fortune Fund Communication Equipment ETF, and the Guotai Fund Mining ETF rising by 125.81%, 121.37%, and 106.11% respectively [2] - The AI hardware sector experienced a pullback, with the Growth ETF and the Double Innovation ETF both declining by 2% [2] - The energy storage battery sector also faced a downturn, with the energy storage battery ETF dropping by 1.97% [2]

Market Performance - On December 31, major indices showed volatility, with the Shanghai Composite Index slightly up by 0.09%, while the Shenzhen Component Index fell by 0.58%, the ChiNext Index dropped by 1.23%, and the STAR Market 50 Index decreased by 1.15% [2] - Over 2,300 stocks in the two markets were in the green, with a total trading volume reaching approximately 2.05 trillion yuan [2] AI and Technology Sector - AI application concept stocks led the gains, with BlueFocus (300058.SZ) rising by 20%, iReader Technology (603533.SH) increasing by 10%, and Century Tianhong (300654.SZ) and Chinese Online (300364.SZ) experiencing significant increases [2] - Meta announced the acquisition of the general AI agent platform Manus, marking its third-largest acquisition to date. Manus has processed over 147 trillion tokens and created 80 million virtual computers, serving millions of users [2] Aerospace Sector - The commercial aerospace concept remained active, with Aerospace Universe (688523.SH) rising over 14%, and China Satellite (600118.SH) and Aerospace Development (000547.SZ) both increasing by 10% [2] - On December 31, China successfully launched the Practice-29 satellite using the Long March 7 modified carrier rocket, marking the 623rd flight of the Long March series and a record 73 space launch missions completed in 2025 [3] Aviation and Education Sector - The airport and shipping sector strengthened, with companies like Juneyao Airlines (603885.SH) up by 7.2%, and China Eastern Airlines (600115.SH), China Southern Airlines (600029.SH), and Air China (601111.SH) also seeing gains [4] - The upcoming New Year holiday is expected to drive a surge in passenger traffic, with the Civil Aviation Administration predicting a 4.9% year-on-year increase in passenger throughput from January 1 to 3, 2026 [4] - The education sector also performed well, with Kevin Education (002659.SZ) hitting the daily limit up by 10%, and other companies like Zhonggong Education (002607.SZ) and Dou Shen Education (300010.SZ) showing significant increases [4] - The Ministry of Education plans to advance AI in education, with policies expected to be released next year to promote AI knowledge education and develop a future-oriented education system [4] Declining Sectors - The liquor and pharmaceutical commercial sectors weakened, with companies like Hefei China (603122.SH), Kweichow Moutai (600519.SH), and Gujing Gongjiu (000596.SZ) experiencing declines [5] - The chip and lithium battery sectors also faced downturns, with Saiwei Electronics (300456.SZ) dropping by 9.96%, and other companies like Cambrian (688256.SH), EVE Energy (300014.SZ), and CATL (300750.SZ) also declining [5]

盘面上，商业航天概念延续强势，AI应用方向持续走强，教育、航空机场、文化传媒等板块涨幅居前；医药商业、船舶制造、电池、石油、半导体等板块 跌幅居前。 沪深两市成交额2.05万亿，较上一个交易日缩量972亿。 12月31日，A股2025年交易收官，截至收盘，沪指涨0.09%录得11连阳，全年收涨18.41%创10年新高；深成指跌0.58%，全年收涨29.87%；创业板指跌 1.23%，全年大涨49.57%。科创50指数全年涨35.92%，北证50指数全年涨38.8%。 【资金流向】 主力资金全天净流入航天航空、传媒、计算机等板块，净流出电子、汽车零部件、农林牧渔等板块。 具体到个股来看，蓝色光标、利欧股份、航天电子获净流入27.46亿元、23.00亿元、18.10亿元。 净流出方面，工业富联、天孚通信、阳光电源遭抛售20.99亿元、15.64亿元、14.40亿元。 【机构观点】 具体来看，商业航天概念延续强势，北斗星通、烽火通信、雷科防务等20股涨停。 | 代码 | 名称 | 涨幅量 | 现价 | | --- | --- | --- | --- | | 300516 | 久之洋 | +20.00% | 80.7 ...

12月31日，2025年A股最后一个交易日圆满收官，截止收盘，沪指涨0.09%报3968.84点，深成指跌 0.58%报13525.02点，创业板指跌1.23%报3203.17点，科创50指数跌1.15%报1344.2点。沪深两市合计成 交额20452.35亿元，逾2700股下跌。 回望全年，市场交易活跃，"日成交超万亿"已成常态，结构性"科技牛"行情贯穿始终，各大主要指数全 线飘红，交出亮眼成绩单。其中，上证指数、深证成指、创业板指涨幅分别为18.41%、29.87%、 49.57%；创业板指以近50%的年度涨幅强势领跑；沪指于10月28日一举突破4000点大关，创下近十年新 高；A股总市值跃升至近109万亿元，年内新增近23万亿元，一举刷新历史纪录。沪深两市全年总成交 额超400万亿元，同比增长超六成，创下年度历史新高。 热点板块 AI智能体概念延续强势 AI营销、AI智能体、多模态、智谱AI、AIGC等AI应用概念全线走强，蓝色光标、万事利、天创时尚等 多股涨停。 消息面上，Meta以数十亿美元收购开发AI应用Manus的母公司蝴蝶效应。东兴证券认为，人工智能行业 景气度仍有上行空间，其在科技投资领域的 ...

人民财讯12月31日电，沪指全天窄幅震荡，深证成指、创业板指走弱。截至收盘，沪指涨0.09%，深证 成指跌0.58%，创业板指跌1.23%。盘面上，商业航天概念延续强势，北斗星通、烽火通信、雷科防务 等涨停；AI应用方向持续走强，蓝色光标20%涨停，掌阅科技、德生科技涨停；房地产板块活跃，合肥 城建、城建发展涨停。此外，教育、航空机场、文化传媒、旅游酒店、美容护理等板块涨幅居前；医药 商业、船舶制造、电池、石油、半导体、贵金属、商业百货、光伏设备等板块跌幅居前。全市场超2500 只个股上涨。沪指全年涨18.41%；深证成指全年涨29.87%；创业板指全年涨49.57%。 责任编辑：刘万里 SF014 责任编辑：刘万里 SF014 人民财讯12月31日电，沪指全天窄幅震荡，深证成指、创业板指走弱。截至收盘，沪指涨0.09%，深证 成指跌0.58%，创业板指跌1.23%。盘面上，商业航天概念延续强势，北斗星通、烽火通信、雷科防务 等涨停；AI应用方向持续走强，蓝色光标20%涨停，掌阅科技、德生科技涨停；房地产板块活跃，合肥 城建、城建发展涨停。此外，教育、航空机场、文化传媒、旅游酒店、美容护理等板块涨幅居前；医药 ...

2025年最后一个交易日，A股三大指数今日涨跌不一；截至收盘，沪指涨0.09%报3968点，深证成指跌0.58%，创业板指跌1.23%；2025年，上证指数、深证 成指、创业板指涨幅分别为18.41%、29.87%、49.57%。今日全市场成交额2.07万亿元，较前一交易日缩量956亿元，逾2700股下跌。 盘面上，卫星互联网板块爆发，中国卫星、中国卫通及航天电子等多股涨停；商业航天板块继续强势，久之洋、航天晨光等多股涨停；AI应用端集体走 高，Kimi概念、AI语料、智谱AI及Sora概念等涨幅居前，掌阅科技、蓝色光标等多股涨停；快手概念、航空机场、大飞机及6G概念等涨幅居前。另外，医 药商业板块下挫，鹭燕医药跌停；刀片电池板块走低，鹏辉能源领跌；液冷概念走势低迷，川润股份跌停；贵金属、噪声防治及船舶制造等板块跌幅居前。 (格隆汇) | 上证指数 | 深证成指 | 北证5C | | --- | --- | --- | | 3968.84 | 13525.02 | 1440.4 | | +3.72 +0.09% -79.04 -0.58% -10.21 -0 | | | | 科创50 | 创业板指 | 万得全 ...

AI应用端持续走高，AI智能体方向领涨。港股AI应用标杆企业迈富时(02556)表现亮眼，继昨日走强 后，今日再度拉升，两日累计涨幅已突破16%。 智能体(AI Agent)商业化加速：迈富时近期正式发布了自主研发的AI-Agentforce 3.0企业级智能体中台， 实现了从"工具式AI"向"数字劳动力"的跃迁。该平台在营销、销售及跨境电商等多个场景的规模化落 地，被市场视为AI应用进入价值兑现期的重要信号。 巨头生态深度协同：消息面上，迈富时已与百度、阿里、沐曦股份等顶尖科技企业达成深度战略合作。 通过整合底层大模型能力与自身SaaS垂直场景数据，公司在"2025中国AI营销智能体TOP30"榜单中位列 榜首，技术成熟度获业界认可。 行业情绪共振：今日AI应用板块集体爆发，蓝色光标（300058）、易点天下（301171）等多只个股大 涨。市场分析认为，随着Meta以数十亿美元收购AI应用厂商等国际动作频发，全球资本正加速流向具 备实际业务闭环能力的AI Agent赛道。 核心逻辑分析 ...

Market Overview - On the last trading day of 2025, A-shares experienced fluctuations with the three major indices declining slightly, while individual stocks showed active performance [1] - The Shanghai Composite Index fell by 0.07%, the Shenzhen Component Index decreased by 0.67%, and the ChiNext Index dropped by 1.1% [1] Key Stock Performances - Major players in the non-ferrous metals sector, Zijin Mining and Luoyang Molybdenum, both reached historical highs [1] - Nengdongguang surged by 919.31%, with intraday gains exceeding 1000% [1] - Leading humanoid robot stock, Sanhua Intelligent Control, rose by 3.75%, also hitting a historical high [1] - Hefei Urban Construction, a stock related to Changxin Technology, hit the daily limit [2] Changxin Technology IPO - Changxin Technology has submitted an IPO application to the Sci-Tech Innovation Board, aiming to raise 29.5 billion yuan for various technology upgrade projects, with a total investment of 34.5 billion yuan [2] - Following this news, stocks related to Changxin Technology, such as Hefei Urban Construction and Shifeng Cement, saw significant price increases [2] Storage Chip Market Dynamics - Recent months have seen reports of rising prices in the storage chip market, with DRAM and NAND Flash prices increasing by over 300% since September [4] - TrendForce's report indicates that DDR4, DDR5, and module prices continue to rise, driven by inventory releases from traders for year-end accounting [4] - Demand for high-bandwidth memory (HBM) and large-capacity storage is increasing, while supply constraints are pushing the market into a price upcycle [5] AI Application Sector - The AI application sector saw a broad increase, with significant gains in AI-related stocks such as AI corpus, Zhiyu AI, and Sora concepts [6] - Major catalysts for the rise in AI applications include Meta's acquisition of Manus and the Hong Kong IPO of Beijing Zhiyu Huazhang Technology [8] - Tencent's release of an open-source translation model supporting 33 languages has also contributed to the sector's strength [8] Future Outlook - The global AI model iteration is accelerating, with expectations for continued high growth in AI model usage and computational demand through 2026 [9] - Investment opportunities are suggested in AI computing power, domestic AI hardware, and AI applications, particularly as potential breakout applications emerge [9]

【导读】上午三大指数集体下跌，AI智能体、教育、商业航天等逆市上涨 大家好，今天是2025年最后一个交易日了，新的一年即将到来，基金君和你继续关注市场行情！ 12月31日上午，A股三大股指集体下跌。截至午间收盘，沪指跌0.07%，深证成指跌0.67%，创业板指跌1.1%。 沪深两市半日成交额为1.31万亿元，较上个交易日放量176亿元。个股跌多涨少，全市场共2182只个股上涨，38只个股涨停，有3042只个股下跌。 从板块看，AI应用、教育、有色金属板块领涨，商业航天概念股持续活跃；船舶制造、医药商业、化肥等领跌，光模块CPO概念股下挫。 港股方面，恒生指数、恒生科技指数、恒生中国企业指数等全线下跌。个股方面，阿里巴巴跌超1%，比亚迪（002594）股份跌超2%，腾讯控股、小米集 团、中芯国际、网易、美的集团（000333）纷纷下跌。 | 序号 | 代码 | 名称 | 现价 | 涨跌 | 涨跌幅 | 成交额 | 年初至今 | | --- | --- | --- | --- | --- | --- | --- | --- | | 1 | HSI | 恒生指数 | 25594.70 | -259.90 | -1. ...

行业情绪共振：今日AI应用板块集体爆发，蓝色光标、易点天下等多只个股大涨。市场分析认为，随 着Meta以数十亿美元收购AI应用厂商等国际动作频发，全球资本正加速流向具备实际业务闭环能力的 AI Agent赛道。 智能体(AI Agent)商业化加速：迈富时近期正式发布了自主研发的AI-Agentforce 3.0企业级智能体中台， 实现了从"工具式AI"向"数字劳动力"的跃迁。该平台在营销、销售及跨境电商等多个场景的规模化落 地，被市场视为AI应用进入价值兑现期的重要信号。 巨头生态深度协同：消息面上，迈富时已与百度、阿里、沐曦股份等顶尖科技企业达成深度战略合作。 通过整合底层大模型能力与自身SaaS垂直场景数据，公司在"2025中国AI营销智能体TOP30"榜单中位列 榜首，技术成熟度获业界认可。 智通财经APP获悉，AI应用端持续走高，AI智能体方向领涨。港股AI应用标杆企业迈富时(02556)表现 亮眼，继昨日走强后，今日再度拉升，两日累计涨幅已突破16%。 核心逻辑分析 ...