| 代码 | 类型 名称 | 现价 | 涨跌 | 涨跌幅 | | --- | --- | --- | --- | --- | | 159707 | 行 地产ETF | 0.642 | 0.025 | 4.05% | | 159768 | 主 房地产ETF | 0.575 | 0.021 | 3.79% | | 512200 | 行 房地产ETF | 1.536 | 0.048 | 3.23% | | 515060 | 行 房地产ETF基金 | 0.733 | 0.022 | 3.09% | 有分析认为，房企基本面处于"磨底"阶段。未来一段时间，加码政策出台及行业基本面站稳回升的进程，将主导板块行情走势。中长期来看， 行业发展将从"高杠杆、高周转"转向"品质、服务、可持续"，并以城市更新释放存量潜力。 （文章来源：每日经济新闻） 地产股午后拉升，万科A涨停，海南机场涨超7%，保利发展涨超5%，新城控股、华发股份涨超3%。 受盘面影响，房地产相关ETF涨超3%。 ...

12月10日，地产股午后异动上涨，世联行、财信发展先后涨停， 广宇集团此前已涨停，万科A大涨超 7%，华夏幸福、金地集团等跟涨。 | | | 房地产指数(886057) 2528.41 47.76 +1.93% | 资料 | 成分 | 资讯 | 相关基金 | 月度收益 | | --- | --- | --- | --- | --- | | 名称 | | 现价 | 涨跌幅 ÷ | 门 三 | | 世联行 | | 3.17 | 10.07% | 0.63% | | 002285.SZ | | | | | | 财信发展 | | 3.98 | 9.94% | 6.42% | | 000838.SZ | | | | | | 广宇集团 | | 3.77 | 9.91% | 0.00% | | 002133.SZ | | | | | | 万 科 A | | 5.13 | 7.55% | 3.43% | | 000002.SZ | | | | | | 海南机场 | | 5.13 | 7.10% | 0.00% | | 600515.SH | | | | | | 天直幸福 | | 2.59 | 7.02% | 3.19% | ...

（文章来源：每日经济新闻） 每经AI快讯，12月10日，万科A午后直线拉升封涨停，封单金额超27亿元，另外港股万科企业午后拉升 涨超15%。 ...

Group 1: Market Overview - The Hong Kong stock market showed weakness with the Hang Seng Index down 1.29%, the Hang Seng China Enterprises Index down 1.62%, and the Hang Seng Tech Index down 1.9% as of the last trading session [2] - The total market turnover was HKD 210.24 billion, with short selling amounting to HKD 36.64 billion, representing 19.34% of the total turnover [2] - Northbound trading saw a net inflow of HKD 531 million, with Tencent, Xiaomi, and Alibaba being the most actively bought stocks [2] Group 2: Sector Performance - The real estate sector experienced significant declines, with major companies like Agile Group down 18.42% and China Jinmao down 14.6% [3] - The metals and gold sector also faced pressure, with Jiangxi Copper down 6.51% and China Aluminum down 5.69% [4] - The U.S. stock market showed mixed results ahead of the Federal Reserve's meeting, with the S&P 500 slightly down by 0.09% and the Nasdaq up by 0.13% [4] Group 3: Company Analysis - Meituan (3690.HK) - Meituan reported a total revenue of RMB 95.5 billion for Q3, a year-on-year increase of 2%, slightly below expectations [7] - The adjusted operating loss was RMB 15.3 billion, with the core local business segment suffering a loss of RMB 14.1 billion, exceeding consensus estimates by RMB 1.5 billion [7] - Despite short-term performance pressures, Meituan's app daily active users (DAU) increased by 20% year-on-year, indicating strong user engagement [8] Group 4: Business Segment Insights - In the food delivery segment, Meituan saw a healthy growth in daily orders, although revenue declined due to increased rider and user subsidies [8] - The flash purchase segment experienced growth in new user acquisition and order frequency, benefiting from a rich supply [8] - The hotel and travel segment also showed robust growth, with merchant numbers and user scale increasing by nearly 20% year-on-year [8] Group 5: Long-term Outlook - Meituan's overseas business, particularly the Keeta brand, is expected to maintain optimistic long-term potential, with profitability achieved in Hong Kong ahead of schedule [9] - The company anticipates that losses from new business segments will become manageable by 2026, reflecting improved operational efficiency [9] - Financial forecasts suggest a slight decline in core local business revenue for Q4, with an upward adjustment in net loss expectations for 2025 [10]

#行情 万科AH股午后拉升，万科企业涨超13%，万科涨停。 https://t.co/au1BJA26li ...

Core Viewpoint - Hainan Province is focusing on establishing a multi-tiered social security system, enhancing various insurance schemes, and improving public welfare services to support its economic and social development in the upcoming five years [1] Group 1: Social Security and Insurance - The plan emphasizes the development of a multi-level and multi-pillar pension insurance system, aiming to gradually increase the basic pension for urban and rural residents [1] - It highlights the need to improve the multi-tiered medical security system and implement a universal basic medical insurance enrollment plan [1] - The coverage of unemployment and work injury insurance will be expanded, along with increasing the participation rate of flexible employment workers, migrant workers, and new employment forms in social insurance [1] Group 2: Public Welfare and Support Services - The proposal includes enhancing the service guarantee system for vulnerable groups such as empty-nest elderly, children in difficult situations, and people with disabilities [1] - It aims to promote and regulate the development of public welfare and charity initiatives [1] - There is a focus on improving the infrastructure and management of funeral services [1] Group 3: Housing and Real Estate - The plan calls for the construction of a new model for real estate development, optimizing the supply of affordable housing [1] - It suggests implementing city-specific policies to increase the supply of improved housing to better meet rigid and diverse housing demands [1] - An action plan for enhancing property service quality is also proposed [1]

生态环境局于2025年11月5日委托具有CMA资质的第三方检测机构对该单位昼间、夜间厂界噪声分别进 行了监督性监测。依据检测报告，实测厂界噪声昼间为55 dB(A)、夜间为54dB(A)，检测结果符合相应 的排放限值。经沟通协调，该单位于近期对排气筒末端安装了消声器等噪声治理措施进行了提升优化。 11月18日对我局委托第三方检测机构对该单位厂界噪声再次进行了监督性监测。依据检测报告，该单位 厂界噪声夜间为46dB(A)，针对该单位位于越秀星樾小区噪声敏感点昼间为49dB(A)、夜间为44dB(A)， 检测结果符合相应的排放限值。小米手机工厂产生的噪声明显得到改善降低。 据悉，11月初，北京昌平越秀星樾比计划提前2个月交房，并举行了交付仪式。 成交均价6.15万元/㎡，网签金额总计约45.3亿元。 11月13日，据人民网留言板消息，有网有留言称，越秀星樾小区夜间（22点-6点）噪音超过标准的45分 贝，最大值为64分贝，每分钟一次，平均为54分贝，居民无法入睡，请求政府帮忙找到噪音源并进行治 理，达到居民区的夜间噪音标准。 收到投诉后，昌平区生态环境局与市民联系并进行了现场检查核实。回复称，市民反映的噪声主要是 ...

Group 1 - The core point of the news is that China Metallurgical Group Corporation (China MCC) plans to sell its 100% stake in MCC Real Estate and other subsidiaries to China Minmetals, with a total transaction value of 60.676 billion yuan [1] - The transaction involves the sale of four mining companies, which collectively reported a net profit of approximately 701 million yuan for the first seven months of 2025, with valuation appreciation rates exceeding 120% [1] - Following the announcement, China MCC's stock price experienced a significant decline, with a drop of over 20% in Hong Kong and a 10.03% drop in A-shares, reducing its market value to 59.36 billion yuan [1] Group 2 - China MCC stated that the transaction aims to divest non-core assets and optimize resource allocation, allowing the company to focus on its core business areas, including metallurgical engineering and emerging industries [2] - The company has faced declining performance due to external factors such as reduced demand in the steel industry and adjustments in the real estate sector, with net profit dropping from 10.276 billion yuan in 2022 to 6.746 billion yuan in 2024 [2] - In the first three quarters of 2025, China MCC reported a revenue of 335.094 billion yuan, a year-on-year decrease of 18.79%, and a net profit of 3.970 billion yuan, down 41.88% year-on-year [2]

研究员：何卓乔(宏观贵金属) 18665641296 hezhuoqiao@ccb.ccbfutures.com 期货从业资格号：F3008762 研究员：黄雯昕(国债集运) 行业 国债日报 日期 2025 年 12 月 10 日 021-60635735 niejiayi@ccb.ccbfutures.com 期货从业资格号：F03124070 宏观金融团队 请阅读正文后的声明 021-60635739 huangwenxin@ccb.ccbfutures.com 期货从业资格号：F3051589 研究员：聂嘉怡(股指) ＃summary＃ 每日报告 | | 表1：国债期货12月9日交易数据汇总 | | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 合约 | 前结算价 | 开盘价 | 收盘价 | 结算价 | 涨跌 | 涨跌幅 （%） | 成交量 | 持仓量 | 仓差 | | TL2512 | 112.300 | 112.670 | 112.750 | 112.610 | 0.450 | 0.40 | ...

证券研究报告 2025 年 12 月 10 日 星期三 【A 股市场大势研判】 大盘震荡分化，创业板指收涨 市场表现： | 指数名称 | 收盘点位 | 涨跌幅 | 涨跌 | 上证指数分时图 | | --- | --- | --- | --- | --- | | 上证指数 | 3909.52 | -0.37% | -14.56 | | | 深证成指 | 13277.36 | -0.39% | -52.63 | | | 沪深 300 | 4598.22 | -0.51% | -23.53 | | | 创业板 | 3209.60 | 0.61% | 19.33 | | | 科创 50 | 1347.11 | -0.27% | -3.69 | | | 北证 50 | 1401.73 | -1.72% | -24.51 | | 资料来源：东莞证券研究所，iFinD 数据 板块排名： | 申万行业表现前五 | | | 申万行业表现后五 | 概 | 念板块表现前五 | 概念板块表现后五 | | | --- | --- | --- | --- | --- | --- | --- | --- | | 综合 | 3.45% | ...