周二，A股深强沪弱，根据交易所数据，上证指数涨0.0%报3965.12点，深证成指涨0.49%，创业板指涨0.63%，沪深300涨0.26%，科创50涨1.01%。 责任编辑：山上 沪深两市1734股上涨，3306股下跌，142股持平。合计成交额2.14万亿元，较前一交易日放量约32.81亿元；大盘主力资金净流出387.72亿元，汽车零部件主 力资金净流入居首，其次是家电行业、通用设备、文化传媒、消费电子，通信设备主力资金净流出居首，其次是电子元件、风电设备、光伏设备、航天航 空。 周三是今年最后一个交易日，资深市场人士徐小明指出，周三是日线收盘、周线收盘、月线收盘、也是年线收盘。2025年就这样过去了，中间经历了4月7日 单日大跌千股跌停的至暗时刻，也经历了中间几乎无下跌除了涨就是横的148个交易日的上升周期。2025年是罕见的慢牛走势。 徐小明表示，非常期待中国股市能走出长周期慢牛，他不止一次提到过慢牛对于市场的好处，慢牛才是王道。从目前来看，年线收盘到相对高位基本格局已 定，慢牛也会被历史记录下来。 徐小明分析，今年跟以往最大的不同在于，今年的股市资金很多都是理性投资，居民存款居高不下，代表了市场能投资 ...

Core Viewpoint - Wanlong Magnetic Plastic's subsidiary, Guo Taiyang, focuses on EPS products and is advancing the mass production of autonomous driving-related steering products, with major clients including Chery, Dongfeng, SAIC-GM-Wuling, and others [2] Group 1: Business Operations - Guo Taiyang's main products are EPS, and it is actively working on autonomous driving steering products from prototypes to mass production [2] - The company has established a strong client base, including notable automotive manufacturers such as Chery, Dongfeng, and others [2] Group 2: Market Potential - Shengtai Ke specializes in automotive intelligent driving perception and control systems, with a promising market outlook and significant growth potential [2] - The client list for Shengtai Ke includes major players like Chery, JAC, BAIC, Geely, and BYD, indicating a robust demand for its products [2] Group 3: Product Development - The company has completed pilot tests for its basic alloy materials and has delivered samples to clients, indicating progress in product development [2] - Ongoing trials for carbon fiber reinforced modifications of basic alloy materials are in progress, showcasing innovation efforts [2] - The company is preparing for increased production of samarium-iron-nitrogen rare earth permanent magnetic materials, following initial small batch production [2]

Core Viewpoint - QuanFeng Automotive announced the approval of several proposals, including the expected daily related transactions for the year 2026, during the second meeting of its fourth board of directors [2] Group 1 - The board meeting focused on the approval of the expected daily related transactions for 2026 [2] - Multiple proposals were reviewed and passed during the meeting [2]

Core Viewpoint - The company, QuanFeng Automotive, has announced a special action plan titled "Quality Improvement and Efficiency Enhancement to Return Value" aimed at strengthening its core automotive parts business and enhancing overall governance and investor communication [2] Group 1: Strategic Focus - The company will focus on its core automotive parts business to enhance competitiveness [2] - There is an emphasis on improving communication with investors to convey the company's value [2] Group 2: Governance and Responsibility - The company aims to standardize operations to improve governance levels [2] - There is a commitment to strengthen the responsibility of the "key minority" to support the company's development [2]

证券日报网讯12月30日，英利汽车（601279）在互动平台回答投资者提问时表示，公司的主要客户为国 内知名整车制造商，与包括一汽大众、北京奔驰、沃尔沃亚太、华晨宝马、上汽大众、上汽通用、吉利 汽车、一汽红旗等优秀客户建立了深度合作关系，公司也逐步推广以新能源车为主的新兴主机厂业务， 与国内知名新能源车企比亚迪（002594）、小鹏、蔚来、极星以及北美知名新能源车企等展开合作，客 户结构不断丰富。相关客户情况请以公司披露的相关公告为准。 ...

Group 1: Automotive Business Overview - The company focuses on the research, production, and sales of high-strength precision fasteners and special connectors, primarily used in automotive key components such as turbocharging systems and battery trays for electric vehicles [2][3]. - The automotive fastener market is characterized by low entry barriers, with many small to medium-sized enterprises; however, only large manufacturers can pass the qualification audits of major automotive OEMs [3]. Group 2: Competitive Advantages - Key advantages include: high-quality customer resources, extensive technical expertise, strong quality control capabilities, stable production capacity, superior customer service, and compliance with automotive lightweight requirements through the combination of metal and plastic components [3]. Group 3: Growth Opportunities - Future growth points include expanding exports of automotive components, developing new customers such as NIO and BYD, product category expansion, increasing industry concentration, and domestic substitution [3][4]. - The estimated value of fasteners for a mid-range passenger vehicle is around 2,000 CNY, with the company's small-sized fasteners valued at approximately 800 CNY per vehicle [3]. Group 4: Financial Performance and Outlook - The automotive segment has shown steady growth in revenue and profit recovery in the first three quarters of the year, despite some temporary impacts from capacity adjustments [4]. - The company expects to enhance profitability and operational quality in 2026 through continuous optimization of capacity structure and increased proportion of high-value products [4]. Group 5: Commercial Aerospace Business Overview - The commercial aerospace sector focuses on manufacturing rocket structural components, with a current production capacity of 10 rockets per year, including key parts like shells and fuel tanks [5][6]. - The market for rocket structural components is currently tight, with limited suppliers capable of large-scale delivery, primarily located in key regions [5]. Group 6: Market Dynamics and Future Prospects - The structural components account for approximately 25% of the total cost of a commercial rocket [7]. - The maturity of reusable technology is expected to increase launch frequency and operational efficiency, leading to sustained demand for new rocket structures, thus providing new growth opportunities for the company [7][8].

Group 1 - Southbound funds recorded a net sell of HKD 3.845 billion in Hong Kong stocks on December 30, marking the third consecutive day of net selling [1] - Notable net purchases included SMIC at HKD 759 million, CNOOC at HKD 460 million, and ICBC at HKD 356 million, while significant net sells included the Tracker Fund at HKD 1.612 billion and Tencent at HKD 1.279 billion [1] - Southbound funds have continuously net sold China Mobile for 11 days, totaling HKD 9.646 billion, and Tencent for 4 days, totaling HKD 3.297 billion [5] Group 2 - SMIC announced plans to acquire 49% equity in a subsidiary from five shareholders for a total price of HKD 40.6 billion, which will result in SMIC owning 100% of the subsidiary [4] - Sihua Intelligent Control applied for a patent for an electronic expansion valve and cooler, indicating ongoing innovation in the automotive thermal management sector [4] - CNOOC's stock price volatility has been influenced by geopolitical events, particularly the escalation of the Russia-Ukraine conflict, which has raised concerns over oil supply disruptions [4]

12月30日，南下资金净卖出港股38.45亿港元，为连续第三日净卖出。 北水关注个股 三花智控：国家知识产权局信息显示，绍兴三花汽车热管理科技有限公司申请一项名为"一种电子膨胀 阀和冷却器"的专利，公开号CN121230260A，申请日期为2024年6月。 中芯国际：12月29日晚，中芯国际公告称，公司拟向国家集成电路基金等5名中芯北方股东发行股份购 买其所持有的标的公司49%股权，交易价格406亿元。本次交易完成后，中芯国际将持有中芯北方100% 的股权，中芯北方将成为公司的全资子公司。中芯北方主要为客户提供不同工艺平台的12英寸集成电路 晶圆代工及配套服务。 优必选：近日，智能机器人领军企业优必选宣布，通过"协议转让+要约收购"的方式，收购深交所上市 公司锋龙股份共计93,957,518股，占该公司股份总数的43%，收购总对价达16.65亿元。 中国海洋石油：近期国际地缘政治事件成为股价波动的重要催化剂。俄乌局势的紧张升级，特别是乌克 兰无人机袭击俄罗斯官邸的消息，加剧了市场对原油供应中断的忧虑。这种外部风险直接提振了石油板 块的整体情绪。 据统计，南下资金已连续11日净卖出中国移动，共计96.4576亿 ...

Investment Rating - The report maintains an "Overweight" rating for the automotive industry, indicating a positive outlook compared to the overall market performance [12]. Core Insights - The automotive dealership sector, particularly represented by Zhongsheng Holdings, is undergoing a significant transformation, moving away from being perceived as a "negative amplifier" for automakers. The company is expected to benefit from new business initiatives, particularly with the introduction of the AITO brand, which is anticipated to drive performance and valuation recovery [2][3]. - The competitive landscape in the mid-to-high-end automotive market is expected to intensify, with traditional luxury brands facing ongoing operational pressures. However, automakers are likely to adopt strategies to stabilize dealership operations, which may lead to improved profitability for dealerships [3][4]. - Fuda Co., Ltd. is highlighted for its industrialization capabilities in robotics, with recent strategic partnerships aimed at enhancing production capacity and expanding into new markets, such as exoskeleton robots [5]. - Hengbo Co., Ltd. is noted for its vertical integration in the PEEK materials sector, which positions the company favorably to meet increasing demand from overseas clients, particularly in the humanoid robotics field [6]. Summary by Company Zhongsheng Holdings - The company is expected to see a 20% or higher profit growth in the coming year, with a valuation around 7 times earnings, indicating potential for further earnings per share (EPS) and dividend benefits as it returns to a normal operating cycle [4]. Fuda Co., Ltd. - The company has established a low-cost control mechanism through domestic equipment production and partnerships, which is expected to enhance its capacity and market reach in the robotics sector [5]. Hengbo Co., Ltd. - The company has a comprehensive R&D capability and a fully integrated supply chain in the PEEK materials sector, which is expected to drive growth as demand from international clients increases [6].

Core Viewpoint - The company, Ruili Kemi (001285), is one of the few domestic enterprises capable of developing active safety systems such as ABS, ESC, EBS, EPB, and ECAS, indicating a strong position in the automotive safety technology market [1] Group 1: Product Capabilities - The company has core products that cover mainstream technical routes including pneumatic braking, hydraulic braking, electronic braking, and wire-controlled braking [1] - The active safety systems developed by the company are widely applied in commercial vehicles, passenger cars, and motorcycles [1]