储能方面，当前储能行业呈现供需两旺态势，国内外需求共振，新型储能"一芯难求"，头部电池企业持 续满产，电池价格延续上涨趋势，供应链整体具备价格传导能力。需求支撑、供给紧缺、上游挺价，储 能景气度有望持续。兼具规模交付能力、技术创新能力和全生命周期服务能力的头部企业具备显著竞争 优势。 12月11日，风电设备和电网设备获主力大幅加仓，资金净流入额居申万二级行业前两位。随着AI算力 需求的激增，海外电力缺口仍在持续扩大，国内相关企业面临历史性机遇。应关注哪些主线机会？请看 机构最新研判。 近日，高工产业研究院（GGII）发布《2025年中国AIDC储能行业发展蓝皮书》并分析称，全球AIDC储 能市场正迎来爆发式增长，预计到2030年AIDC储能锂电池出货量将突破300GWh，相当于2025年 15GWh的20倍。 与AIDC相关的能源解决方案板块关注度持续升温。一方面，全球范围内电网升级投资与能源数字化趋 势为产业提供了长期方向；另一方面，以美国为代表的地区出现的严峻电力缺口，为SOFC等分布式供 电方案提供了爆发性增长的现实土壤。 从产业趋势看，电网升级与出海浪潮构成长期支撑。全球能源转型与AI算力增长，正驱动 ...

全球新能源产业正经历着前所未有之大变局，目前，全球风电正从"蓝海赛道"迈向"价值高地"，而中国风电也从"世界工厂"升级为"全球创新中心"，迎来 风电装备大型化、海陆风金窗口期。 在这个时间点上，作为风电设备部件领军企业的锡华科技（股票代码：603248）于12月4日正式启动招股，并于12月12日启动上交所主板上市申购。 锡华科技所提供的齿轮箱体、行星架、扭力臂、法兰等风电齿轮箱专用部件以及注塑机厚大专用部件，广泛配套于南高齿、弗兰德、德力佳、采埃孚等全 球领先风电齿轮箱制造商和全球大型注塑机龙头海天塑机，大部分主要客户与公司合作十年以上。显然，凭借优质稳定的产品质量、行业领先的技术水平 和国内少有的全工序服务能力，锡华科技对新能源风电产业升级的价值已锋芒乍现。 那风电装备企业，靠什么才能在这种新周期中占据"价值高地"？大量实例告诉我们，在这个阶段，只有占领技术、资源、市场制高点，企业才能享受超额 收益。简单来说，大兆瓦化使单台风机对铸件重量需求提升50%以上，对材料性能、尺寸精度及交付稳定性提出更高要求，具备全工序能力的头部企业才 能持续受益。 此次锡华科技上市，随着公司2022年至2024年整体年营业收入均 ...

中原证券指出，周四A股市场高开低走、小幅震荡整理，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16.00倍、49.52倍，处于近三年中位数平均水平上方，适合 中长期布局。两市周四成交金额18854亿元，处于近三年日均成交量中位数区域上方。当前国内经济宏 观面处于温和修复但基础仍需巩固的状态。中长期支撑本轮A股上涨的基础并未发生转变。在政策暖 风、资金改善的合力下，市场再度向上运行的可能性正在增加。预计上证指数围绕4000点附近蓄势整固 的可能性较大，周期与科技有望轮番表现。建议投资者密切关注宏观经济数据、海外流动性变化以及政 策动向。短线建议关注风电设备、电网设备、航天航空以及医疗服务等行业的投资机会。 中邮证券指出，11月出口增速超预期回升，预计全年出口保持较高韧性，成为经济增长的重要贡献项。 向后看，全年出口保持较高韧性，成为经济增速的重要拉动项；展望2026年，维持前期判断，出口或仍 是经济增长的重要贡献项，2026年我国出口增速或维持在2%左右。 中金研究指出，中央经济工作会议客观分析了中国经济面临的发展形势，不回避困难挑战，中金认为会 议突出问题导向、目标非常清晰 ...

江苏省连云港港东方港务分公司码头，摆放着即将发往国 外的国产风电设备。 王 春摄（人民视觉） 国产卡车在山东港口烟台港装船出口。 唐 克摄（人民视觉） ...

| 项目 | 2024 年度 | 2023 年度 | 2022 年度 | | --- | --- | --- | --- | | 资产总额(万元) | 167,883.49 | 141,401.43 | 125.645.93 | | 归属于母公司所有者权益(万元) | 117,809.17 | 102,567.48 | 83,602.30 | | 资产负债率(母公司)(%) | 54.21 | 47.99 | 49.03 | | 营业收入(万元) | 95.478.10 | 90,770.06 | 94.174.80 | | 净利润(万元) | 14,192.95 | 17,664.93 | 18.449.69 | | 归属于母公司所有者的净利润(万元) | 14,192.95 | 17.664.93 | 18,345.86 | | 扣除非经常性损益后归属于母公司所有 者的净利润(万元) | 14,026.02 | 16.488.18 | 17.869.82 | | 基本每股收益(元) | 0.39 | 0.49 | 0.51 | | 稀释每股收益(元) | 0.39 | 0.49 | 0.51 | | 加权 ...

4300家下跌！ 美联储降息也救不了的A股，到底怎么了？ 2025年12月11日下午3点，A股收盘。 股民老张盯着屏幕，半天没说话。 他账户里又缩水了3万，而这已经是本周连续第三天亏损。 盘面上，4300多只股票绿得刺眼，跌停板的数量扎得人心慌。 就在前一天，市场还在欢呼美联储降息的消息，以为全球流动性转向能带一波行情。 结果呢？ A股仅仅高开了二十分钟，就像泄了气的皮球，一头栽下 去。 有人说，这市场是不是疯了？ 利好成了砸盘的信号，仿佛所有人约好了"借利好跑路"。 更让人憋屈的是，指数其实没崩得太难看。 上证跌了0.7%，但北证50反而逆势大涨3.84%。 一边是少数权重股死撑指数，另一边是中小题材股血流成河。 这种"护指数、杀个股"的玩法，成了近期市场的典型特征。 主力资金跑了800亿，散户成了"温水青蛙" 如果你仔细看资金流向，会发现今天的主力简直在"百米冲刺式"出逃。 开盘不到半小时，净流出130亿；上午收盘，这个数字变成382亿；等到下午收盘，全天主力资金净流出超过800亿。 近三天累计跑了1800亿，这已经不是调整，更像是集体撤退。 为什么跑？ 年底了，机构要回笼资金结算，公募要保排名，私募要应 ...

Core Viewpoint - The market is experiencing significant differentiation, with strong performance in sectors like commercial aerospace and wind power equipment, while traditional consumption and real estate sectors are facing notable adjustments [4][6][7]. Market Performance - The Shanghai Composite Index failed to maintain the 3900-point threshold, influenced by declines in technology and consumer stocks, while the Shenzhen Composite Index and ChiNext Index saw the largest adjustments due to pressure from sectors like new energy and biomedicine [4][6]. - The trading volume in both markets increased, driven by divergent policy expectations, accelerated thematic rotations, and intensified capital discrepancies [7]. Sector Analysis - New energy and high-end manufacturing sectors emerged as the core strength against the market downturn, supported by policy backing, technological breakthroughs, and growing demand [6]. - Commercial aerospace, nuclear fusion, and wind power equipment sectors showed strong performance, while real estate, retail, and large consumption sectors became focal points for capital outflows [7][9]. Capital Flow - Institutional investors are adjusting their portfolios defensively, increasing positions in policy-driven sectors like commercial aerospace and wind power equipment, while reducing exposure to semiconductor equipment and consumer electronics [9]. - Retail investors are exhibiting a mix of risk aversion and speculative behavior, with funds flowing into banking and public utilities, while some are actively participating in short-term trading in commercial aerospace and nuclear fusion [9].

Core Viewpoint - The A-share market experienced a broad adjustment, with major indices declining, indicating a potential shift in market sentiment and volatility [1][3]. Market Performance - The Shanghai Composite Index fell by 0.7% to 3873.32 points, while the Shenzhen Component Index dropped by 1.27%, and the ChiNext Index decreased by 1.41% [1]. - A total of 752 stocks rose, 4374 stocks fell, and 45 stocks remained unchanged across the two markets [3]. - The total trading volume in the two markets reached 1.86 trillion yuan, an increase of approximately 786.06 billion yuan compared to the previous trading day [3]. - There was a net outflow of 857.75 billion yuan in major funds [3]. Sector Performance - Wind power equipment saw a net inflow of 12.99 billion yuan, leading the sectors, followed by electric grid equipment, medical services, packaging materials, and communication services [3]. - In terms of thematic performance, space computing rose by 2.43%, and controlled nuclear fusion increased by 1.88%, with four stocks hitting the daily limit [3]. Market Outlook - Analyst Xu Xiaoming noted that the market's decline on Thursday was the largest single-day drop since the recent rebound began, but the overall drop was not significant [3]. - The market is expected to break out of its current trading range soon, which may lead to increased volatility [3]. - Xu emphasized that the current adjustments are part of an upward trend and should not be viewed as a downturn, suggesting that these adjustments could facilitate a more stable and balanced market in the future [4].

Core Viewpoint - The A-share market experienced a collective pullback, with major indices declining, while the new energy sector, particularly wind power and controlled nuclear fusion, showed strong performance [1] Market Performance - The Shanghai Composite Index fell by 0.7% - The Shenzhen Component Index decreased by 1.27% - The ChiNext Index dropped by 1.41% - The North Stock 50 Index increased by 3.84% - Total market turnover was approximately 1.88 trillion yuan, with nearly 4,400 stocks declining [1] Sector Highlights - New energy concept stocks were active, with the wind power equipment sector leading in gains - Companies such as Goldwind Technology (002202), Tianli Composite, Yongding Co. (600105), and Hezhu Intelligent (603011) reached their daily limit up [1] Industry Insights - According to Everbright Securities, fusion energy is regarded as "the ultimate energy for humanity" and holds significant strategic value - Major AI companies are increasingly investing in fusion energy - The controlled nuclear fusion industry is expected to have long-term growth potential due to the restructuring of electricity consumption driven by future AI industry developments - As the controlled nuclear fusion industry progresses, related companies are likely to continue benefiting [1]

市场震荡调整，板块题材上，风电设备、可控核聚变等板块活跃，零售、房地产等板块调整；港股高开低走，半导体与AI应用方向跌幅居前。截至收盘， 中证A500指数下跌0.8%，沪深300指数下跌0.9%，创业板指数下跌1.4%，上证科创板50成份指数下跌1.6%，恒生中国企业指数下跌0.2%。 跟踪创业板指数 该指数由创业板中市值大、 流动性好的100只股票组成, 战略新兴产业占比较高,电 力设备、通信、电子行业合 计占比近60% 科创板大盘宽基:科创板50ETF ( 跟踪上证科创板50成份指数 该指数由科创板中市值大、流 动性好的50只股票组成,"硬 科技"龙头特征显著,半导体 占比超65%,与医疗器械、软 件开发、光伏设备行业合计占 比近80% 创业板大盘宽基:创业板ETF 低 每日经济新闻 港股大盘宽基:恒生中国企业E7 � 该指数 � 该指数 ...