Core Viewpoints - The A-share market is likely to remain in a fluctuating but strong pattern in the short term, with pressures above and support below [2][10][13] - Key pressures include weak domestic economic recovery, uncertainties in overseas markets, potential profit-locking by institutions, insufficient willingness of incremental capital to enter, and significant selling pressure near the 4000-point mark [2][10][11] - Support factors include marginal improvements in the domestic economy, expectations for important policy meetings, and a continued loose monetary policy [3][11][12] Market Overview - On the previous Tuesday, the three major indices in Shanghai and Shenzhen experienced a downward trend, failing to continue the recovery from the previous week, with a general decline across the market and reduced trading volume [2][5][10] - The total trading volume on that day was approximately 1.6 trillion yuan, indicating a lack of effective market entry momentum [2][10][12] Sector Analysis - The shipbuilding and military sectors showed strong activity, with previous recommendations highlighting investment opportunities in this area, which has outperformed the broader market in recent years [7][10] - Consumer stocks, including tourism, food and beverage, and retail, also saw gains, supported by government initiatives to boost consumption [8][9] Future Market Outlook - The market is expected to maintain a "sector rotation, fluctuating but strong" characteristic, with the need for more effective stimulus to break the current deadlock [3][11][12] - Investors are advised to focus on individual stocks rather than indices, adopting strategies such as balanced allocation and high sell-low buy, particularly in sectors with strong performance support [4][12]

Group 1 - The A-share market experienced a downward trend on Tuesday, with sectors such as shipbuilding, pharmaceutical commerce, consumer electronics, and coal performing well, while precious metals, energy metals, bioproducts, and software development lagged behind [1] - After a period of rapid fluctuations, the A-share market has gradually stabilized and rebounded, with the potential for the Shanghai Composite Index to consolidate around the 4000-point mark [1] - The market is expected to continue a rebalancing of styles, with cyclical and technology sectors likely to alternate in performance [1] Group 2 - The A-share market showed weak fluctuations on Tuesday, with reduced trading volume indicating limited willingness among investors to chase higher prices, suggesting a need for improved market risk appetite [2] - Despite the weak performance, the three major indices remain above the 5-day and 10-day moving averages, indicating that a short-term corrective trend has not yet changed [2] - Looking ahead, as institutional funds begin to position for 2026, the anticipated Federal Reserve interest rate cuts, and the easing of concerns over the "AI investment bubble," the A-share market may enter a new bullish phase [2]

（文章来源：证券日报） 证券日报网讯 12月2日，中国动力在互动平台回答投资者提问时表示，公司一直对股价及资本市场情况 高度关注，坚持以提高公司质量为基础，提升经营效率和盈利能力，并结合多种方式，推动上市公司投 资价值合理反映上市公司质量。未来如有回购计划，公司将按照法规要求履行信息披露义务。关于军民 融合海洋防务（大连）产业投资企业（有限合伙）所持股票，在拍卖前已处于流通状态。 ...

Core Insights - The 2025 China International Maritime Technology Conference and Exhibition is being held in Shanghai from December 2 to 5, focusing on "Innovation and Cooperation for Sustainable Development in the Maritime Industry" [1] - The exhibition has reached a historical high in scale and participation, with over 2,200 exhibitors from more than 40 countries and regions, and foreign exhibitors accounting for 43% [1] - China State Shipbuilding Corporation (CSSC) has unveiled significant products, including the first domestic 5,500-horsepower ammonia-powered port operation vessel and a domestically developed methanol dual-fuel burner, indicating advancements in green ship equipment [1] - China Jiangnan Shipyard has introduced the world's first 192,000 cubic meter B-type LNG transport vessel design, which has received the Approval in Principle (AiP) certificate from the American Bureau of Shipping [2] - The maritime industry in China is shifting focus towards high-end ship manufacturing, with low-end production gradually moving to countries like Vietnam and India [2] Industry Developments - The exhibition showcases the strength of China's shipbuilding industry, with 1,200 domestic enterprises participating [1] - The introduction of innovative products, such as the underwater cleaning robot by COSCO Shipping (Qingdao), addresses challenges in fuel consumption and carbon emissions due to marine biofouling [1] - The advancements in shipbuilding technology in China are evident, with significant improvements in manufacturing and design capabilities, including the use of digital models and laser cutting [2] - The trend of increasing production efficiency among state-owned shipyards is reflected in the early delivery of vessels compared to planned schedules [2]

Market Overview - The market experienced a significant decline with a drop in trading volume, as the total transaction amount in both markets decreased by 14.97% to 0.59 trillion yuan [7] - The main index, the Shanghai Composite Index, closed at 3897.71 points [11] Sector Performance - The lithium battery industry chain led the decline, while sectors such as innovative drugs, GPUs, robotics, photovoltaics, AI applications, semiconductors, and new energy vehicles also saw significant losses [6] - Conversely, themes related to cross-strait integration, pharmaceutical commerce, and consumer electronics showed resilience and performed well [6] Fund Flow Analysis - There was a net outflow of 526.51 billion yuan from main funds, indicating a cautious sentiment among institutional investors [8] - Retail investors showed a net inflow, primarily focusing on short-term themes and low-priced rebound stocks, while avoiding high-valued sectors [8] Investor Sentiment - The sentiment among retail investors was measured at 75.85%, reflecting a cautious approach with a tendency to follow specific stocks rather than indices [9] - The overall positioning showed 29.77% of investors increasing their positions, while 18.67% reduced their holdings, with 51.56% remaining inactive [13]

分析师：张刚 登记编码：S0730511010001 zhanggang@ccnew.com 021-50586990 船舶医药行业领涨 A 股震荡整固 ——市场分析 相关报告 《市场分析：通信半导体领涨 A 股震荡上行》 2025-12-01 《市场分析：汽车锂电行业领涨 A 股小幅上 行》 2025-12-01 周二（12 月 02 日）A 股市场低开低走、小幅震荡整理，早盘股指低 开后震荡回落，盘中沪指在 3898 点附近获得支撑，午后股指维持震 荡，盘中船舶制造、医药商业、消费电子以及煤炭等行业表现较 好；贵金属、能源金属、生物制品以及软件开发等行业表现较弱， 沪指全天基本呈现小幅整理的运行特征。创业板市场周二震荡回 落，创业板成分指数全天表现弱于主板市场。 ◼ 后市研判及投资建议 周二 A 股市场冲高遇阻、小幅震荡整理，早盘股指低开后震荡回 落，盘中沪指在 3898 点附近获得支撑，午后股指维持震荡，盘中船 舶制造、医药商业、消费电子以及煤炭等行业表现较好；贵金属、 能源金属、生物制品以及软件开发等行业表现较弱，沪指全天基本 呈现小幅整理的运行特征。当前上证综指与创业板指数的平均市盈 率分别为 16 ...

央视网消息：在12月2日开幕的2025年中国国际海事会展上，全球船舶领域的最新技术齐聚一堂。 在中船集团的展台，国产"齐耀"船用发动机系列型谱正式发布，获颁中国船级社全球首张船用氨氢燃料发动机原理认可证书。 该系列发动机可使用氨、甲醇、氢等燃料作为动力，能够满足内河、近海、远洋船舶以及海工平台对高性能、绿色低碳先进发动机的迫切需 求，标志着中国在绿色船舶动力领域实现全域布局与突破。 中船集团第七一一研究所副所长邱爱华介绍，这几年从整体新船订单来讲，新能源动力占比越来越高，而且动力形式也是多样化的，有LNG 动力、甲醇动力、氨燃料动力，同时也有带着储能电池的混合动力，这也是未来船舶动力的发展方向。 邱爱华表示，在完成绿色燃料动力发动机的研发后，还要加快解决产业链协同配套的问题，加快船用绿色能源的生产、运输，以及加注等配套 基础设施的建设。 邱爱华表示，这几年在大力推动甲醇、氨燃料等制取，能有效利用我国光能和风能优势，在燃料制取端形成产业优势。这次海事展发布了完全 自主研制高性能中速氨发动机，氨的替代率能够达到86%，这一性能指标在国际同款产品属于领先优势，形成绿色产业链的完整闭环，能够进 行有效支撑。 数字孪生 ...

靖江，地处长江黄金水道与长三角经济圈的核心交汇点，是"一带一路"江海换装的节点之一、上海国际 航运中心的组成部分，是泰州全面接轨融入上海的前沿枢纽。港口是靖江的核心战略资源，也是最大竞 争优势。靖江港于2012年11月经国务院批准设立，2013年8月正式对外开放，2015年成为长江北岸首个 县级亿吨港，2023年跻身全国港口二十强。靖江充分利用产业基础和港口岸线优势，注重提升港口型枢 纽能级，聚力打造大国重器出海基地、大宗商品贸易和保障基地。 统筹推进"港产城""港航贸"一体发展，加强与央企、国企、500强企业合作，靖江着力打造东西双向开 放、陆海内外联动重要节点。一方面，依托现代化码头集群建设，推动"物流枢纽+产业集群"优势叠 加，打造一批深海深蓝、航空航天、核电石化、高技术重型装备等制造业出海基地。另一方面，发挥福 北水道国家主航道和一类开放口岸优势，依托港航贸中心建设，集聚完善"大港口、大航线、大船型、 大贸易"综合服务体系。策应粮食安全、能源保障等国家战略，吸引供应链和贸易商头部企业在靖布 局，打造长江下游重要的国家战略物资保供、大宗商品集散枢纽港。目前，靖江港形成粮食、煤炭、铁 矿石、油气四类大宗商 ...

人民财讯12月2日电，A股三大指数全天窄幅震荡，截至收盘，沪指跌0.42%，深证成指跌0.68%，创业 板指跌0.69%。盘面上，医药商业板块全天活跃，人民同泰、合富中国、海王生物涨停；福建地区板块 逆势走强，福建高速、太阳电缆、平潭发展等多股涨停。此外船舶制造、装修建材、商业百货、煤炭、 保险、化纤、房地产服务等板块涨幅居前；小金属、电池、教育、游戏、光伏设备、机器人执行器、减 速器概念等板块跌幅居前。全市场超1500只个股上涨，今日成交额约1.61万亿元。 ...

据天眼查APP显示，亚光科技集团股份有限公司成立于2003年06月03日，注册资本102183.4123万人民 币。（数据宝） （文章来源：证券时报网） 数据宝统计，截至14:20，亚光科技成交额26.03亿元，创2020年8月11日以来新高。最新股价上涨 8.46%，换手率31.72%。上一交易日该股全天成交额为25.99亿元。 ...