齐鲁晚报.齐鲁壹点孔茜通讯员吴丛 从大亚湾核电站海底管道里自主清淤的无人装备，到帮助残障人士用"意念"操控肢体行走的脑机接口系统，再到为传统造纸企业破解数十年上料痛点的智 能方案……这些看似不相关的技术突破且鲜少被大众只晓得特种技术赛道，其背后推手正是坐落于济宁高新区的中国科学院深圳先进技术研究院济宁分 院。 该院以"隐形冠军"的姿态深耕细作。不追逐流量曝光，却在细分领域突破全球技术壁垒；不标榜行业光环，却用"从0到1"的创新，为多个卡脖子场景提供 唯一解。 "无人化清淤" 助力大亚湾核电站高效运维 广东大亚湾核电站的海底管道入口处，咸湿海风掠过金属管壁。一抹亮黄色`目，这台搭载着展开式柔性清理组件的特种无人装备，正缓缓驶入半径2米的 管道入口。它不仅是中国科学院深圳先进技术研究院济宁分院"封闭及半开放场所无人驾驶技术"的具象成果，更标志着全球核电运维领域"无人化清淤"实 战的正式启幕。 作为核电站的"冷却动脉"，大亚湾核电站连接冷却塔与核反应堆的海底管道，长度延伸至3-5公里，常年浸泡在海水中的管壁极易附着贝类、藻类等海生 物，日积月累形成厚厚的污垢层，成为制约核电安全高效运维的"老大难"。此前，传统人工清 ...

Group 1: Market Overview - The Hong Kong stock market showed a mixed performance with the Hang Seng Index and the Hang Seng China Enterprises Index slightly up, while the Hang Seng Tech Index fell by 0.36%, indicating a cautious shift in investor sentiment after recent rebounds [2][3] - The total market turnover was approximately HKD 204.7 billion, with short selling on the main board reaching about HKD 36.7 billion, accounting for approximately 20.41% of the total turnover [2] - Southbound capital saw a net inflow of approximately HKD 1.3 billion, with Alibaba, Pop Mart, and Meituan being the most actively bought stocks, while Xiaomi, Zijin Mining, and Tencent were the most sold [2][3] Group 2: Sector Performance - The paper industry continued its strong performance, with leading paper companies seeing stock price increases due to expectations of improved industry profitability from previous price hikes [2] - The consumer sector also performed well, with multiple sub-sectors such as tobacco, automotive, new retail, and dairy products showing significant gains, supported by a recent policy initiative from six ministries aimed at boosting consumption [3] - Conversely, the real estate sector faced notable declines, with concerns over debt restructuring among leading companies leading to reduced investor risk appetite [3] Group 3: Company Analysis - Lenovo Group - Lenovo Group reported better-than-expected Q2 results, with its Intelligent Devices Group (IDG) revenue increasing by 11.8% year-on-year to USD 15.11 billion, benefiting from a rise in AI computer shipments and strong sales of high-end products [5] - The Infrastructure Solutions Group (ISG) saw a significant revenue increase of 23.7% year-on-year to USD 4.09 billion, driven by AI infrastructure business growth, despite a small operating loss [5][6] - The Solutions and Services Group (SSG) achieved record revenue growth of 18.1% year-on-year to USD 2.56 billion, with a strong operating profit margin of 22.3% [6] Group 4: Strategic Initiatives - Lenovo is focusing on AI development, shifting towards a more inclusive approach that emphasizes human and enterprise entities, which is expected to create growth opportunities in various AI terminal devices and solutions [6] - The company is preparing for ongoing storage supply shortages and price increases by securing long-term agreements with key suppliers and leveraging its cost advantages to manage potential cost pressures [7] - The forecast for Lenovo's adjusted net profit for the fiscal years 2025/26 and 2026/27 is USD 1.62 billion (up 12.5% year-on-year) and USD 1.78 billion (up 9.9% year-on-year), respectively, with a target price of HKD 12.3, indicating a "buy" rating [7]

Overview - Minfeng Special Paper Co., Ltd. plans to publicly auction unused equipment from its Nanhu plant through Jiaxing Property Trading Co., Ltd. The first auction failed to attract any interested buyers, resulting in a failed bid [1][2]. Transaction Summary - The company held its 18th board meeting on September 29, 2025, and the first extraordinary shareholders' meeting on October 15, 2025, where it approved the proposal to publicly auction unused equipment [1]. - The first auction did not attract any interested buyers, leading to a failed bid [1]. - On November 19, 2025, the company held its 20th board meeting and approved a second public auction of the unused equipment, with the auction price reduced by 10% from the initial listing [1][2]. Progress of the Transaction - The second public auction was conducted from November 20 to November 26, 2025, but it also failed to attract any interested buyers, resulting in another failed bid [2]. Future Arrangements - To broaden the audience for the asset sale, the company plans to select other auction platforms for a new public auction, maintaining the same auction price and scope as in the second public auction [3].

Market Overview - A-shares experienced a strong upward movement during the day but retreated in the afternoon, with the Shanghai Composite Index closing up 0.29%, while the Shenzhen Component Index and ChiNext Index fell by 0.25% and 0.44% respectively [1] - The total trading volume in the Shanghai and Shenzhen markets was 1.72 trillion yuan, a decrease of 740 billion yuan compared to the previous trading day [1] - Over 2,700 stocks rose across the market, indicating a rapid rotation of market hotspots [1] Sector Performance - The lithium battery electrolyte concept saw a rebound, with stocks like Shida Shenghua hitting the daily limit [1][6] - The computing power chip sector was active, with Saiwei Electronics rising over 15% [1] - The consumer electronics sector remained strong throughout the day, with Yunzuka Technology hitting the daily limit [1] - The paper sector showed significant gains, with an overall increase of over 2%, driven by price hikes in various paper products [4] - Other sectors such as forestry, daily chemicals, chemical products, and chemical fibers also performed well [5] Specific Company Developments - Xi'an Catering's stock surged, reaching the daily limit after the announcement of 16 measures by the Shaanxi provincial government to deepen capital market reforms [2] - The company focuses on a dual-driven strategy of "catering main business + food industry," emphasizing regional specialty cuisine and food production [3] - Major paper companies have announced price increases for various paper types, benefiting from improved demand and supply-side adjustments [4][6] - Leading electrolyte companies are experiencing a surge in orders, with some contracts extending to 2028, indicating strong future demand [7]

Group 1: Market Overview - The US dollar index experienced fluctuations, ultimately closing down by 0.059% at 99.53 [2][6] - Gold prices fell by 0.14%, settling at $4157.99 per ounce, while silver rose by 0.1% to $53.4 per ounce [2][6] - International crude oil prices increased for the second consecutive day, with WTI crude rising by 0.96% to $59.03 per barrel and Brent crude up by 0.77% to $62.89 per barrel [2][6] Group 2: Stock Market Performance - The Hong Kong stock market showed mixed results, with the Hang Seng Index up by 0.07% and the Hang Seng Tech Index down by 0.36%, with a total trading volume of HKD 2047.28 million [3] - In the A-share market, the Shanghai Composite Index rose by 0.29%, while the Shenzhen Component Index and the ChiNext Index fell by 0.25% and 0.44%, respectively, with a total trading volume of CNY 1.71 trillion [4] Group 3: Sector Performance - In Hong Kong, technology stocks had mixed performances, with Xiaomi Group rising over 2% and Alibaba falling over 2%. Paper stocks performed well, with Lee & Man Paper rising over 6% and Nine Dragons Paper up over 3% [3] - In the A-share market, the organic silicon sector remained active, with Huasheng Lithium Energy rising over 15% and Jinyinhai nearing a 13% increase. The solid-state battery sector also saw strong performance, with multiple stocks hitting the daily limit [4]

Core Viewpoint - The Hong Kong stock market experienced mixed performance, with durable consumer goods, paper, and household products sectors rising against a backdrop of declines in the technology sector [1] Group 1: Market Performance - The CICC Hong Kong Stock Connect Consumer Theme Index rose by 0.03% while the CICC Hong Kong Stock Connect Medical and Health Comprehensive Index fell by 0.01% [1] - The Hang Seng Hong Kong Stock Connect New Economy Index and the Hang Seng Technology Index both declined by 0.4%, and the CICC Hong Kong Stock Connect Internet Index dropped by 0.8% [1] - Relevant ETFs attracted significant capital, with the E Fund Hang Seng Technology ETF (513010) and the Hong Kong Stock Connect Internet ETF (513040) seeing net inflows of 1.09 billion and 470 million respectively over the past week [1] Group 2: Policy and Investment Outlook - CITIC Securities highlighted that the "14th Five-Year Plan" emphasizes the construction of a modern industrial system and accelerating high-level technological self-reliance, suggesting potential policy support for strategic emerging industries such as new energy, new materials, aerospace, and quantum technology [1] - Looking ahead to 2026, the Hong Kong stock market is expected to benefit from the internal catalysts of the "14th Five-Year Plan," with recommendations for investors to focus on investment opportunities in AI-related sectors and consumer electronics [1]

Market Overview - US stock indices rebounded overnight, with Hong Kong stocks slightly fluctuating and closing up 0.07% [1] - The economic outlook remains cautious, with half of the Federal Reserve districts reporting decreased hiring intentions, indicating potential interest rate cuts in December [2] International Relations - Trump urged Japanese Prime Minister Kishi to avoid escalating tensions regarding Taiwan, reflecting a more restrained stance from Japan [1] - French President Macron is set to visit China from December 3, aiming to improve Sino-French relations, which could benefit European relations as well [1] Consumer Sector - Pop Mart (09992) is expected to benefit from the upcoming holiday season, with a nearly 7% increase in stock price [3] - The automotive sector is seeing growth, with the Ministry of Commerce promoting reforms to boost consumption, leading to significant stock price increases for companies like Yongda Automobile (03669) [2] Technology and Innovation - Alibaba's Quark AI glasses were launched, with significant pre-sale success, leading to a 4% increase in stock price for related companies [4] - TCL Electronics is also entering the AI glasses market, contributing to a 6% rise in its stock price [4] Pharmaceutical Industry - Hansoh Pharmaceutical (03692) is advancing its innovative drug pipeline, with significant revenue growth and a strong project reserve [7] - The company reported a 22.1% year-on-year increase in sales revenue for its innovative drugs in the first half of 2025 [7] Gold Market - Deutsche Bank has raised its gold price forecast for 2026, indicating a structural bull market driven by official purchases rather than consumer demand [6] - The potential shift of cryptocurrency funds into physical gold could further boost prices, impacting related stocks [6] Clinical Trials and Drug Approvals - Hansoh Pharmaceutical has over 40 innovative drug candidates in clinical trials, with several new drugs entering Phase III trials [9] - The company has secured international partnerships for its ADC products, highlighting its growing recognition in the global market [9]

Core Viewpoint - Minfeng Special Paper announced the failure of its second asset auction, indicating challenges in asset liquidation and operational adjustments following the closure of its Nanhu plant [2][3] Group 1: Asset Auction Details - The company attempted to sell unused equipment from the Nanhu plant through public auction but failed to attract any bidders in both the first and second rounds [2] - The initial auction price was set at 169,968,254.00 yuan, which was reduced by 10% to 152,971,428.60 yuan for the second auction after the first round ended in failure [2] - The assets for sale included multiple paper machines and other equipment, with some items being removed from the auction list based on the company's needs [3] Group 2: Operational Changes - The Nanhu plant was fully shut down by the end of June this year, with production operations shifting to a modernized facility in Haiyan [2] - The company aims to enhance asset efficiency and liquidity through the sale of these unused assets [2] Group 3: Financial Performance - For the first three quarters of 2025, the company reported a total revenue of 889 million yuan, a year-on-year decrease of 23.61%, and a net profit of 18.64 million yuan, down 69.43% year-on-year [3] - As of November 27, the company's stock price increased by 1.19%, closing at 6.79 yuan per share, with a total market capitalization of 2.385 billion yuan [3]

Market Overview - The A-share market experienced a rise and subsequent decline, with the Shenzhen Component Index losing the 13,000-point mark and the ChiNext Index halting at 3,100 points, while the Shanghai Composite Index and Shanghai 50 showed slight gains [1] - The overall trading volume reached 1.72 trillion yuan, with more stocks rising than falling [1] Index Performance - Shenzhen Component Index: 12,875.19, down 0.25% [2] - Shanghai Composite Index: 3,875.26, up 0.29% [2] - ChiNext Index: 3,031.29, down 0.44% [2] - Shanghai 50: 2,972.26, up 0.02% [2] - Other indices like the CSI 300 and STAR 50 also showed slight declines [2] Sector Performance - The organic silicon, paper, solid-state battery, and consumer electronics sectors saw significant gains, while sectors such as Hainan Free Trade, film and television, cultivated diamonds, and medical services faced declines [2] - The paper industry initiated its third round of price increases, with prices for corrugated paper and kraft paper rising by approximately 50 yuan per ton, and cultural paper prices increasing by 200 yuan per ton [6] Fund Flow Analysis - The electronics sector attracted over 10.7 billion yuan in net inflows, while the communications sector saw over 4.8 billion yuan in net inflows [3] - The computer sector experienced a net outflow of over 2.2 billion yuan, with other sectors like media and transportation also seeing significant outflows [3] Future Outlook - The market is expected to continue a "technology + consumption" rotation in the coming weeks, driven by events such as Alibaba's AI computing power expansion and government consumption promotion plans [3] - Analysts suggest that the overall market is in a recovery phase, with signs of fundamental improvement from Q3 earnings reports, indicating potential for further upward movement [3] Solid-State Battery Sector - The solid-state battery sector showed strong performance, with multiple stocks hitting the daily limit of 20% increase [4][7] - The global solid-state battery market is projected to reach 1.2 trillion yuan by 2030, with significant growth expected in China's market as well [8]

Group 1: A-Share Market Performance - A-share market experienced a strong upward movement during the day but saw a pullback in major indices in the afternoon, with the Shanghai Composite Index rising by 0.29% while the Shenzhen Component and ChiNext indices fell by 0.25% and 0.44% respectively [4] - The paper industry sector led the gains, with an overall increase of over 2%, and individual stocks such as Annie Co., Qifeng New Materials, Bohui Paper, and Hengfeng Paper seeing gains exceeding 5% [4][3] - Recent announcements from several major pulp and paper companies regarding price increases for various paper products have contributed to the positive sentiment in the sector [4] Group 2: Hong Kong Market Dynamics - The Hong Kong market showed narrow fluctuations, with the Hang Seng Index oscillating around the 26,000-point mark [9] - Notable gains were observed in trendy toy stocks, including Pop Mart and Blok, which surged by nearly 7% following favorable policy announcements aimed at enhancing consumer goods supply [10][11] - However, the market also witnessed significant volatility, exemplified by the sharp decline of China Shangcheng, which saw its stock price plummet by over 70% at one point, closing down more than 50% [12][8] Group 3: Commodity Market Trends - The futures market saw a significant rise in tin futures, with the main contract breaking through the 300,000 yuan per ton mark, achieving a gain of over 2% [15][14] - Other futures, such as silver and egg futures, also experienced substantial price increases, while commodities like lithium carbonate, asphalt, and polysilicon saw varying degrees of adjustment [16]