从机构评级来看，近一个月该股获1家机构买入评级。11月29日国投证券发布的研报给予公司买入-A评 级，预计公司目标价为58.73元。（数据宝） （文章来源：证券时报网） 资金面上，美埃科技上一交易日主力资金净流入603.71万元，近5日净流入173.89万元。 融资融券数据显示，该股最新（12月22日）两融余额为1.24亿元，其中，融资余额为1.24亿元，较上一 个交易日增加1051.03万元，增幅为9.30%；融券余额为28.89万元，较上一个交易日减少2.41万元，降幅 为7.69%。近10日两融余额合计增加1638.12万元，增幅为15.24%，其间融资余额增长14.97%。 12月23日盘中科创板股美埃科技涨停，截至10:11，股价报64.20元，成交4.01亿元，换手率4.82%，振幅 19.78%。 科创板个股中，截至发稿上涨的有244只，下跌的有339只，上市5日内的C优迅、C沐曦-U等，跌幅居前 的有C优迅、C沐曦-U，跌幅为8.54%、2.44%，其余科创板个股中，涨幅居前的有美埃科技、安达智 能、赛恩斯等，分别上涨20.00%、12.93%、8.46%，跌幅居前的有禾信仪器、景业智能、通源 ...

Group 1 - The total margin balance of the Sci-Tech Innovation Board reached 265.054 billion yuan on December 22, an increase of 1.758 billion yuan compared to the previous trading day [1] - The financing balance amounted to 264.123 billion yuan, increasing by 1.725 billion yuan from the previous day [1] - The securities lending balance was 0.0931 billion yuan, which rose by 32.782 million yuan compared to the previous trading day [1] Group 2 - The margin balance has increased for four consecutive trading days [1] - The margin balance on December 19 was 263.296 billion yuan, with an increase of 1.193 billion yuan from the previous day [1] - The margin balance on December 18 was 262.103 billion yuan, reflecting an increase of 0.744 billion yuan [1]

Report Industry Investment Rating - No information provided Core Viewpoints of the Report - The current market is approaching the phased bottom range, which is a good time to layout the key market window in the first half of next year, especially before the Spring Festival [8]. - In the first half of next year, the most important market will still be before the Spring Festival, and sectors such as securities and technology may experience structural out - performance [8]. - There are significant expected differences among the consumer, non - banking financial, and technology sectors [6]. Summary by Relevant Catalogs Market Review - **Market Performance** - Most of the major market indices rose last week, with the Shanghai Composite 50 Index having the largest increase of 0.32% [9][15]. - In terms of major industry performance, the daily consumption index and financial index performed relatively well, with weekly changes of 2.26% and 2.06% respectively; the information technology index and industrial index performed weakly, with changes of - 2.08% and - 1.22% respectively [9][15]. - Among the 30 Shenwan primary industries, 19 industries rose. The industries with relatively large increases were commercial retail, non - banking finance, and beauty care, rising 6.66%, 2.90%, and 2.87% respectively; the industries with relatively large declines were electronics, power equipment, and machinery, falling 3.28%, 3.12%, and 1.56% respectively [9][18]. - **Trading Heat** - The average daily trading volume of Wind All - A last week was 1.760484 trillion yuan (the previous value was 1.953044 trillion yuan), which was at a relatively high level in history (82.30% in the three - year historical quantile) [9][21]. - **Valuation Tracking** - As of December 19, 2025, the valuation (PE_TTM) of Wind All - A was 21.79, an increase of 0.06 from the previous week, and it was at the 89.40% quantile in the past five - year history [26]. - Among the 30 Shenwan primary industries, 19 industries' valuations (PE_TTM) were repaired [26]. Market Observation: Expected Differences in the Year - End Market - **Last Week's Market Conditions** - The market fluctuated and declined last week, with shrinking trading volume and enhanced profit - making effects. The Wind All - A and CSI 300 Index fell 0.15% and 0.28% respectively, while the CSI 2000 Index rose 0.30%. The average daily trading volume of Wind All - A was about 1.76 trillion yuan, a decrease of 9.86% from the previous week. The proportion of rising stocks in Wind All - A increased significantly, and on Friday, the number of rising stocks in the Chinese mainland exceeded 4400 [6]. - The market generally showed the characteristics of "relatively stable indices and changing structural trends". The fluctuations of broad - based indices were generally limited, and the market's risk expectations were temporarily stable. In terms of style, value outperformed growth as a whole. The large - cap value index had a relatively large increase (1.52%), while the large - cap growth index had a relatively large correction (- 1.39%). In terms of industries, the technology sector, which had a large increase since the beginning of this month, had an obvious correction, while the consumer and financial sectors performed strongly [6]. - **Expected Differences among Sectors** - **Consumer Sector**: Recently, relevant policies have been intensively issued, raising positive expectations, but the substantial boost to the sector's profitability still needs to be verified by the implementation of subsequent fiscal and credit tools. It is currently more of a thematic and expected - repair market [6]. - **Non - Banking Financial Sector**: The market rose last week, but the valuation level was still low, indicating that potential positive factors were not fully priced. If the return of funds at the beginning of next year resonates with the improvement of risk appetite, the sector has the potential to achieve resonance between valuation repair and profit improvement [6]. - **Technology Sector**: In the short term, it is greatly affected by negative overseas policy impacts, but the capital preference is strong. With the return of loose capital, it still has support [6]. - **Outlook for Next Year** - In the first half of next year, the most important market will still be before the Spring Festival. Sectors such as securities and technology may experience structural out - performance due to factors such as the nomination of the new Fed Chairman, the return of institutional funds at the beginning of the year, and some micro - events [8]. Investment Recommendations - It is recommended to layout for the key market window in the first half of next year, especially before the Spring Festival. Sectors such as robotics, nuclear power, and commercial aerospace in the technology sector, as well as the non - banking financial sector, are expected to be the main lines of the Spring market. The consumer sector mainly presents phased and thematic trading opportunities, and attention can be paid to service - type consumption such as sports and cultural tourism, as well as sub - sectors such as medical devices that benefit from the aging trend [8]. Economic Calendar - The report mentions paying attention to global economic data, but specific data in the economic calendar are not detailed in the provided content [28].

资金面上，安达智能上一交易日主力资金净流出41.18万元，近5日净流出333.09万元。 融资融券数据显示，该股最新（12月19日）两融余额为1.39亿元，其中，融资余额为1.39亿元，较上一 个交易日增加116.20万元，增幅为0.84%；近10日两融余额合计减少361.81万元，降幅为2.53%，其间融 资余额下降2.53%。（数据宝） 12月22日盘中科创板股安达智能涨停，截至10:28，股价报97.43元，成交1.32亿元，换手率1.80%，振幅 20.00%。 科创板个股中，截至发稿上涨的有436只，下跌的有151只，上市5日内的C优迅、C沐曦-U、C昂瑞-UW 等，涨幅较高的有C昂瑞-UW，涨幅为2.02%，跌幅居前的有C沐曦-U、C优迅，跌幅为2.37%、2.36%， 其余科创板个股中，涨幅居前的有安达智能、通源环境、精智达等，分别上涨20.00%、16.18%、 16.11%，跌幅居前的有拉普拉斯、卓然股份、瑞华泰等，分别下跌10.05%、9.48%、8.63%。 （文章来源：证券时报网） ...

融资融券数据显示，该股最新（12月19日）两融余额为1.54亿元，其中，融资余额为1.54亿元，较上一 个交易日减少959.28万元，降幅为5.87%；近10日两融余额合计减少811.64万元，降幅为5.01%，其间融 资余额下降5.01%。（数据宝） 科创板个股中，截至发稿上涨的有445只，下跌的有145只，上市5日内的C优迅、C沐曦-U、C昂瑞-UW 等，跌幅居前的有C优迅、C沐曦-U、C昂瑞-UW，跌幅为1.82%、0.65%、0.12%，其余科创板个股中， 涨幅居前的有通源环境、精智达、经纬恒润-W等，分别上涨20.02%、13.42%、10.98%，跌幅居前的有 拉普拉斯、卓然股份、瑞华泰等，分别下跌10.99%、10.96%、8.45%。 资金面上，通源环境上一交易日主力资金净流出1676.99万元，近5日净流出1627.76万元。 12月22日盘中科创板股通源环境涨停，截至09:46，股价报27.22元，成交1.51亿元，换手率4.35%，振幅 18.96%。 （文章来源：证券时报网） ...

Group 1 - The total margin balance of the STAR Market reached 261.359 billion yuan on December 17, with an increase of 0.339 billion yuan from the previous trading day [1] - The financing balance amounted to 260.445 billion yuan, increasing by 0.314 billion yuan, while the margin short balance was 0.914 billion yuan, up by 0.025 billion yuan [1] - On December 17, 267 STAR Market stocks received net financing purchases, with 17 stocks having net purchases exceeding 20 million yuan [1] Group 2 - The stock with the highest net financing purchase was C Muxi-U, with a net purchase amount of 0.805 billion yuan [1] - Other stocks with significant net financing purchases included Moer Thread-U, Changguang Huaxin, Juguang Technology, Cambricon-U, and Xinghuan Technology-U [1]

Core Insights - A total of 19 stocks on the Sci-Tech Innovation Board (STAR Market) experienced block trading on December 17, with a cumulative transaction value of 401 million yuan [1][2]. Trading Overview - The highest transaction value was recorded for Tuojing Technology, with 2 block trades totaling 300,000 shares and a transaction amount of 100 million yuan. Other notable transactions included Huahai Qingshi and Xinghuan Technology, with transaction amounts of 63.68 million yuan and 48.36 million yuan respectively [1][2]. - The average discount rate for block trades relative to the closing price was highest for Kangxi Communication, Aisen Co., and Anbotong, with discount rates of 19.93%, 18.61%, and 15.00% respectively. The only stock with a premium was Haosen Intelligent, with a premium rate of 0.57% [1][2]. Market Performance - The STAR 50 Index rose by 2.47% on the same day, with 459 stocks (76.88%) on the STAR Market experiencing price increases. The average increase for stocks involved in block trading was 0.85%, with the largest gains seen in Xinghuan Technology, Dekeli, and Lankai Technology, which rose by 5.71%, 4.28%, and 3.28% respectively. Conversely, Guobo Electronics, Aisen Co., and Ao Precision Medical saw declines of 2.45%, 1.68%, and 1.16% respectively [1][2]. Institutional Participation - Among the block trades, 12 transactions involved institutional buyers or sellers, covering 8 stocks. The leading stocks for institutional purchases were Tuojing Technology, Xinghuan Technology, and Aojie Technology, with purchase amounts of 100 million yuan, 48.36 million yuan, and 39.77 million yuan respectively. The primary stock sold by institutions was Guobo Electronics, with a selling amount of 5.02 million yuan [2][3]. Fund Flow Analysis - Of the stocks involved in block trading, 6 experienced net inflows of funds, with the highest net inflows recorded for Lankai Technology, Dekeli, and Xinghuan Technology, amounting to 116 million yuan, 91.76 million yuan, and 48.10 million yuan respectively. In contrast, Tuojing Technology, Huahai Qingshi, and Aisen Co. faced net outflows of 142 million yuan, 70.34 million yuan, and 47.92 million yuan respectively [2][3].

8只科创板股大宗交易平台发生交易，合计成交1.21亿元。 证券时报·数据宝统计显示，12月16日共有8只科创板股发生大宗交易，合计成交15笔，累计成交量 1369.19万股，成交额合计1.21亿元。 统计显示，成交金额最多的是和辉光电，共有2笔大宗交易，合计成交量为1250.00万股，成交金额合计 3275.00万元；其次是中邮科技、华海清科，大宗交易金额分别为2910.00万元、2498.65万元。 | 代码 | 简称 | 成交笔 | 大宗交易数量 | 平均成交价格 | | 相对收盘价折溢价 | 大宗交易金额 | | --- | --- | --- | --- | --- | --- | --- | --- | | | | 数 | （万股） | （元） | | （%） | （万元） | | 688538 | 和辉光 电 | 2 | 1250.00 | 2.62 | -0.76 | | 3275.00 | | 688648 | 中邮科 技 | 2 | 60.00 | 48.50 | -12.94 | | 2910.00 | | 688120 | 华海清 科 | 6 | 17.30 | 144.43 | -6. ...

融资融券数据显示，该股最新（12月12日）两融余额为2.36亿元，其中，融资余额为2.36亿元，较上一 个交易日减少484.66万元，降幅为2.01%；近10日两融余额合计减少423.67万元，降幅为1.76%，其间融 资余额下降1.76%。（数据宝） 12月15日盘中科创板股艾森股份涨停，截至10:10，股价报67.43元，成交6.56亿元，换手率18.17%，振 幅16.87%。 科创板个股中，截至发稿上涨的有238只，下跌的有351只，涨幅居前的有艾森股份、震有科技、瑞华泰 等，分别上涨20.00%、15.53%、11.54%，跌幅居前的有品茗科技、腾景科技、仕佳光子等，分别下跌 11.44%、10.14%、9.80%。 资金面上，艾森股份上一交易日主力资金净流出994.39万元，近5日净流出3591.05万元。 （文章来源：证券时报网） ...

| 代码 | 简称 | 最新融资余额 | 融资余额环比增 | 最新融券余额 | 融券余额环比增 | 当日涨跌幅 | | --- | --- | --- | --- | --- | --- | --- | | | | (万元） | 减（%） | (万元） | 减（%） | （%） | | 688239 | 航宇 | 41076.10 | 63.50 | 84.34 | 19.85 | 19.85 | | | 科技 | | | | | | | 688119 | 中钢 | 12715.03 | 42.75 | 0.00 | | 2.23 | | | 洛耐 | | | | | | | 688361 | 中科 | 50896.57 | 26.81 | 2087.59 | 6.56 | 10.63 | | | 飞测 | | | | | | | 688682 | 霍莱 | 17086.10 | 25.49 | 0.00 | | 10.21 | | | 沃 | | | | | | | 688719 | 爱科 | 21901.57 | 22.12 | 0.00 | | 12.76 | | | 赛博 | | | | | | | ...