胜业电气（920128）1月8日大宗交易平台出现一笔成交，成交量4.50万股，成交金额129.65万元，大宗 交易成交价为28.81元，相对今日收盘价折价4.00%。该笔交易的买方营业部为广发证券股份有限公司石 家庄自强路营业部，卖方营业部为华安证券股份有限公司海南分公司。 证券时报·数据宝统计显示，胜业电气今日收盘价为30.01元，上涨1.32%，日换手率为7.10%，成交额为 8134.78万元，近5日该股累计上涨14.19%。（数据宝） 1月8日胜业电气大宗交易一览 | 成交量 | 成交金额 | 成交价格 | 相对当日收 盘价折溢价 | 买方营业部 | 卖方营业部 | | --- | --- | --- | --- | --- | --- | | （万股） | （万元） | （元） | | | | | | | | （%） | | | | 4.50 | 129.65 | 28.81 | -4.00 | 广发证券股份有限公司石 | 华安证券股份有限公 | | | | | | 家庄自强路营业部 | 司海南分公司 | （文章来源：证券时报网） 进一步统计，近1个月内该股累计发生6笔大宗交易，合计成交金额为123 ...

Market Overview - The Hong Kong stock index experienced a significant decline, with the Hang Seng Tech Index dropping over 2% at one point, which also affected the A-shares market in the afternoon [2][4] - The Hang Seng Index closed down 1.17%, while the Hang Seng Tech Index fell by 1.05% [2] - The A50 index also saw a substantial drop, exceeding 1.5% [4] External Market Influences - The decline in the Hong Kong market was influenced by a drop in the US stock market, particularly in financial stocks, which fell nearly 1% [4][5] - The Japanese stock market continued its downward trend, with the Nikkei Index dropping over 1.7% [2] - The strengthening of the US dollar has put pressure on the market, affecting sectors like metals and growth stocks [5][4] Goldman Sachs Report Insights - Goldman Sachs released a report indicating that while the bull market is expected to continue until 2026, the momentum may slow down [6] - The S&P 500 is projected to reach around 7600 points, representing a 12% increase, aligning with other major banks' growth expectations of 3% to 16% [6] - The report highlights that strong earnings growth will be the main driver for the stock market's rise, with an expected 12% increase in earnings per share (EPS) for S&P 500 companies in 2026 [6] AI Capital Expenditure Trends - Capital expenditure related to artificial intelligence (AI) is expected to rise significantly, with a projected increase of 36% in 2026, reaching approximately $539 billion [7] - This growth trend is anticipated to continue into 2027, with a further increase of 17%, reaching $629 billion [7] - However, companies will need to demonstrate higher profits to justify these ongoing investments, which may lead to a slowdown in spending [7] Market Challenges - Despite an optimistic outlook, the market faces two key challenges: high valuation levels and record market concentration [8] - The expected price-to-earnings ratio for the S&P 500 is currently at 22 times, which is on par with the peak in 2021 [8] - The top 10 companies in the S&P 500 account for 41% of the total market capitalization, indicating a high dependency on the performance of these few leading firms [8]

Market Overview - The Hong Kong stock index experienced a significant decline, with the Hang Seng Tech Index dropping over 2% at one point, which also affected the A-shares market in the afternoon [1][3] - The Hang Seng Index closed down 1.17%, while the Hang Seng Tech Index fell by 1.05% [1] - The A50 index also saw a substantial drop, exceeding 1.5% [3] External Market Influences - The downturn in the Hong Kong market was influenced by a nearly 1% drop in the US Dow Jones index and a continued decline in the Japanese stock market, which fell over 1.7% [1][3] - Analysts attribute the market volatility to external factors, particularly the recent performance of US financial stocks and a strengthening US dollar, which has pressured commodity stocks [3] Goldman Sachs Report Insights - Goldman Sachs released a report projecting that the bull market will continue until 2026, although the momentum is expected to slow down [5] - The S&P 500 index is forecasted to achieve a total return of 12% in 2026, with a target of around 7600 points, aligning with other major banks' growth expectations [5][6] - The report emphasizes that strong earnings growth will be the primary driver for the stock market's rise, supported by a robust US economy and favorable macroeconomic conditions [6] AI Investment Trends - Capital expenditures related to AI are expected to rise significantly, with a projected increase of 36% to approximately $539 billion in 2026, followed by a further 17% growth in 2027 [6][7] - The report indicates that the AI sector will enter a new phase characterized by slower capital expenditure growth and broader application of AI in businesses [7] Market Challenges - Despite the optimistic outlook, Goldman Sachs warns of two major challenges: high valuation levels near historical peaks and record market concentration, with the top 10 companies in the S&P 500 accounting for 41% of its total market value [7]

Group 1: Market Outlook - Goldman Sachs predicts that Chinese stocks will be supported by artificial intelligence and policy measures, with the MSCI China Index expected to rise by 20% by the end of 2026, and the CSI 300 Index projected to increase by 12% to 5200 points [1] - As of the first trading day of 2026, the CSI 300 Index has already risen by 3.5%, reaching a four-year high, while the MSCI China Index has increased by approximately 3.6%, outperforming the S&P 500 [1] Group 2: Earnings-Driven Growth - The core argument of Goldman Sachs' report is that returns in 2026 will be primarily driven by earnings growth, supported by artificial intelligence, "going global" strategies, and anti-involution policies [2] - Five major capital flows are expected to support the market: net southbound capital inflows potentially reaching a record $200 billion; domestic asset reallocation bringing about 3 trillion RMB into the stock market; total dividends and buybacks nearing 4 trillion RMB; global active funds possibly increasing their allocation to Chinese stocks; and IPO financing exceeding $100 billion [2] Group 3: Investment Logic - On a macro level, Goldman Sachs has raised its forecast for China's real GDP growth in 2026, citing resilient exports as a key driver, with a trend towards diversification and quality improvement in export destinations [4] - The report indicates that the valuation of the MSCI China Index and CSI 300 has recovered to mid-cycle levels, with forward P/E ratios of 12.4x and 14.5x, respectively, around or slightly above the 10-year average [4] Group 4: Sector and Company Insights - Goldman Sachs expects the TMT sector (technology, media, and telecommunications) to have the highest earnings growth forecast at approximately 20%, driven by AI-related revenue growth and increased capital expenditures [5] - The firm holds an "overweight" view on several sectors, including technology hardware, media/entertainment, internet retail, materials, and insurance, benefiting from various supportive factors [5] - A list of ten leading Chinese companies comparable to the "Big Seven" in the U.S. stock market includes Tencent, Alibaba, CATL, Xiaomi, BYD, Meituan, NetEase, Hengrui Medicine, and Trip.com, with a total market capitalization of $1.7 trillion, accounting for 40% of the MSCI China Index [6]

1月8日早间，A股微幅震荡，主要股指涨跌互现，上证指数低开高走，深证成指、创业板指微幅飘绿、科创50、北证50小幅上涨。上涨个股多于下跌个 股，成交保持平稳。 | 代码 | 名称 | | 最新 | 涨幅 | | --- | --- | --- | --- | --- | | 399001 | 深证成指 | | 14003.09 | -0.20% | | 000001 | 上证指数 | D | 4089.45 | +0.09% | | 399006 | 创业板指 | | 3312.47 | -0.52% | | 000016 | 上证50 | | 3133.52 | -0.37% | | 000300 | 沪深300 | | 4753.96 | -0.48% | | 000688 | 科创50 | | 1468.93 | +1.77% | | 899050 | 北证50 | œ | 1508.34 | +0.81% | 盘面上，天津本地股、可控核聚变、产业互联网、航空装备等板块涨幅居前，金融股、一般零售、工程机械、饮料乳品等板块跌幅居前。 利好政策密集出台 天津本地股走强 早间，天津本地股集体高开高走，板块指数 ...

Group 1 - The 2026 Nuclear Fusion Energy Technology and Industry Conference will be held on January 16-17, 2026, in Hefei, Anhui, focusing on promoting collaboration and innovation within the nuclear fusion industry [3] - The theme of the conference is "The Power of Fusion, Creating the Future," aiming to accelerate funding and technological cooperation in the nuclear fusion sector [3] - Nuclear fusion energy has been included in national planning for future industries for the first time in 2025, and it is also a key focus in the national "14th Five-Year Plan" [3] Group 2 - Everbright Securities noted that Shanghai Electric successfully delivered the world's first ITER project magnet cold test Dewar, with plans to deliver key components for the CRAFT project and the compact fusion experimental device BEST [4] - In the context of energy structure transformation and industrial adjustment in China, the company is expected to leverage its leading position to enhance market share in traditional business areas [4] - Supported by technological research and development advantages, emerging businesses such as energy storage, hydrogen energy, and robotics are anticipated to become new growth points for the company [4]

Core Viewpoint - Shanghai Electric (02727) has seen a stock increase of over 5%, currently at 4.58 HKD, with a trading volume of 242 million HKD, driven by developments in the nuclear fusion sector [1] Group 1: Industry Developments - The 2026 Nuclear Fusion Energy Technology and Industry Conference will be held from January 16 to 17, 2026, in Hefei, Anhui, focusing on promoting collaboration and innovation within the nuclear fusion industry [1] - Nuclear fusion energy has been included in national planning for future industries for the first time in 2025, and it is also a key focus in the "14th Five-Year Plan" [1] Group 2: Company Positioning - Shanghai Electric has successfully delivered the world's first ITER project magnet cold test Dewar and is set to deliver key components for major national scientific infrastructure projects, including CRAFT and the compact fusion experimental device BEST [1] - The company is expected to leverage its leading position to enhance market share in traditional business areas while also exploring new growth opportunities in emerging sectors such as energy storage, hydrogen energy, and robotics, supported by its technological R&D advantages [1]

三只新股首日上市均高开，天数智芯高开31.54%，精锋医疗-B高开36.45%，智谱高开3.27%。 | < W | 天数智芯(9903) | | | | | --- | --- | --- | --- | --- | | | 集合竞价 01-08 09:20:08 | | | | | 190.200 | 额 4.14亿 股本 2.54亿 市盈 -40.2 | | 万得 | | | +45.600 +31.54% | 换 0.90% 市值1483亿 市净 17.53 | | 型口 | | | 分时 五日 | 日K | 周K 月K | 电子 | | | 置加 | | 均价:187.905 盘口 | 成交 | | | 200.000 | | 38.31% - | | 0.00(0) | | | | 卖9 191.800 | | 0.00(0) | | | | 卖8 191.700 | | 0.00(0) | | | | 卖7 191.600 | | 0.00(0) | | | | 卖6 191.500 | | 0.00(0) | | | | 卖5 191.400 | | 0.00(0) | | 144.600 | ...

2025年12月31日，西安电子科技大学南校区会议中心气氛热烈。学校信息交叉学部、网络安全与密 码学部、语言智能学部揭牌成立，集成电路学部迎来优化升级。这是西安电子科技大学围绕国家战略发 展需求和科技产业变革形势，以制度创新面向未来"大信息+"学科发展的新举措。 近年来，陕西高校在推进教育科技人才一体发展方面不断探索创新，通过"未来技术学院"、"卓越 工程师学院"、学部制改革等加快学科交叉融合发展，促进在重大科研攻关中培养人才，产出更多一流 成果。 建平台 打造交叉创新高地 西安电子科技大学新一轮学部制改革聚焦学部、学科、学院一体化建设，打造集学科特区、人才特 区、科研特区、项目特区于一体的创新集聚平台，全力打造复合型拔尖创新人才培养中心与学科交叉创 新高地。 "学科交叉融合是驱动科技创新发展、催生重大原创成果的核心引擎。"西安电子科技大学党委书记 任小龙表示，此次学部制改革是应对学校科技革命和产业变革形势、加快学科交叉融合的现实之需，是 学校在推进"双一流"建设、服务国家战略需求方面的重要举措。 近年来，西安电子科技大学围绕国家需求强化有组织科研，在一体抓好学校6个全国重点实验室高 质量发展的同时，2025 ...

（原标题：韩中坚企业数量突破6400家，成为经济增长核心引擎） 据韩联社12月30日报道，韩国产业通商部当天发布的《2024年中坚企业统计概况》显示，截至2024 年，韩国中坚企业数量达6474家，较前一年增加606家（10.3%）。在过去一年中，有103家企业成功从 中坚企业晋升为大企业，同时有328家中小企业跨入中坚企业行列。 从经营表现看，中坚企业总销售额达1030.5万亿韩元，同比增长4.7%；从业人员总数增至175.7万 人。尤其在投资方面，中坚企业表现亮眼，总投资额达36.4万亿韩元，同比增加17.1%，其中研发 （R&D）投资额激增35.2%，反映出企业正加速技术革新。在行业布局上，非制造业增长显著，而制造 业在电气设备、食品等领域增势明显。同时，中坚企业正积极布局环保、尖端生物、新再生能源等新事 业，引入ESG经营的企业比例也提升至39.3%。 产业部指出，尽管中坚企业在韩国企业总数中仅占1.5%，但其贡献了全国约13%的就业、15%的销 售额以及18%的出口额。自2022年以来，中坚企业在雇佣、销售、资产等各项指标上均保持增长态势， 不仅是连接大企业与中小企业的纽带，更是成为了韩国经济保持活 ...