Core Viewpoint - Xidi Intelligent Driving (03881) experienced a decline in stock price after its initial public offering, dropping over 15% at one point and currently trading at 237.4 HKD, down 9.73% with a trading volume of 177 million HKD [1] Company Overview - Xidi Intelligent Driving is a supplier of intelligent driving products and solutions for commercial vehicles in China, established in 2018 [1] - The company focuses on the development of autonomous trucks for closed environments such as mining and logistics, V2X (Vehicle-to-Everything) technology, and intelligent perception solutions [1] - According to ZhiShi Consulting, Xidi ranks sixth among all intelligent driving commercial vehicle companies in China, holding a market share of approximately 5.2% [1] Financial Performance - The company's revenue for the years 2022, 2023, 2024, and the first half of 2025 are reported as follows: 31.06 million RMB, 133 million RMB, 410 million RMB, and 408 million RMB respectively [1] - The losses for the same periods are reported as 263 million RMB, 255 million RMB, 581 million RMB, and 455 million RMB respectively [1] - The primary reasons for the losses include ongoing investments in research and development, increasing net financial costs, and financial costs related to amortized priority financial instruments [1]

Core Viewpoint - The A-share market experienced a collective rebound on December 19, with strong performance in smart driving and vehicle-road-cloud concepts, leading to significant increases in related ETFs and stocks [1]. Group 1: Market Performance - The three major A-share indices rebounded collectively, with notable gains in smart driving and vehicle-road-cloud sectors [1]. - As of 13:32, the Hong Kong Stock Connect Automotive ETF (159323) rose by 2.75%, the Smart Vehicle ETF (159888) increased by 1.9%, and the Automotive Parts ETF (562700) gained 1.87% [1]. - Related concept stocks such as Zhejiang Shibao and Suoling Co. hit the daily limit, with Haon Automotive rising over 14%, Jingwei Hengrun-W increasing over 12%, and Yunyi Electric rising over 10% [1]. Group 2: Regulatory Developments - On December 15, the Ministry of Industry and Information Technology announced the first batch of L3-level conditional autonomous driving vehicle permits in China, marking a significant step from testing to commercial application [1]. - According to Xinda Securities, regulations are gradually improving, and L3 and advanced intelligent driving are progressively being implemented [1]. - The domestic regulatory environment for smart connected vehicles is becoming more standardized, while independent brands are accelerating the development of intelligent driving technology, leading to an increase in industry penetration rates [1].

近日，港股电子行业迎来重磅利好，恒生指数公司于18日正式推出「恒生港股通电子主题指数」，精准 聚焦港股通范围内的优质电子行业上市公司。 作为国内领先的智能驾驶及智能座舱解决方案供应商，佑驾创新(02431.HK)凭借扎实的业务实力与前瞻 的战略布局，成功入选该指数成份股，与地平线机器人-W(09660.HK)、速腾聚创(02498.HK)、黑芝麻智 能(02533.HK)等行业龙头共同跻身40家核心标的行列。 受此利好提振，佑驾创新股价表现强势，今日早盘一度暴涨超15%，充分彰显了资本市场对公司发展潜 力的高度认可。截至发稿，佑驾创新收涨12.22%，报12.580港元，成交额2.64亿港元，成为港股电子板 块的亮眼标的。 此次成功入选，不仅是恒生指数公司对佑驾创新在智能驾驶领域行业地位的权威认证，更体现了市场对 公司核心竞争力与发展前景的充分信赖。 在行业政策红利与技术创新的双重驱动下，佑驾创新凭借在汽车领域的技术沉淀与全维布局，有望持续 受益于行业发展浪潮，为推动中国智能驾驶产业高质量发展贡献力量。 据恒生指数公司公告显示，「恒生港股通电子主题指数」核心覆盖半导体及基本电子零部件、电信设备 及零件、资讯科 ...

12月19日，A股震荡走强，截至上午收盘，上证指数涨0.59%报3899.31点，深证成指涨0.93%，创业板指涨0.99%，沪深300涨0.61%，北证50涨0.92%，科创 50涨0.69%，中证A500涨0.76%，A股半日成交1.1万亿元。 | 上证指数 | | 000001 | | | --- | --- | --- | --- | | | | +22.94 +0.59% | क्रे | | SSE 11:30:03 交易中 | | 沪深市场核心指数 / ■ + | | | 全额 | | | 4631.82亿 | | 成交量 | | | 313.71亿 | | | | | 3878.23 ( 0.05%) | | 重高 | | | 3902.67 ( 0.68%) | | 最低 | | | 3871.78 (-0.12%) | | 市智率TM | 市清流出 16.3 | | 1.47 | | 5日 | 0.26% 20日 | | 1.68% | | 60日 | 1.77% 今年 | | 16.34% | | 52周高 | 4034.08 52周低 | | 3040.69 | | 2505 | 22 ...

Market Overview - The market showed a strong upward trend in the early session, with the Shanghai Composite Index rising by 0.59%, the Shenzhen Component Index by 0.93%, and the ChiNext Index by 0.99% at the close [3]. - The total trading volume in the Shanghai and Shenzhen markets reached 1.09 trillion yuan, an increase of 42.1 billion yuan compared to the previous trading day, with over 4,600 stocks rising [4]. Consumer Sector Performance - The consumer sector experienced a collective surge, particularly in retail and dairy industries, with stocks like Central Plaza, Shanghai Jiubai, and Zhuangyuan Pasture hitting the daily limit [5][8]. - Notable stocks included Debi Group (+19.99%), Zhejiang Meida (+9.95%), and Zhongguo Zhongmian (+7.25%) [9][11][12]. Smart Driving Concept - The smart driving sector saw significant activity, with Zhejiang Shibao achieving a four-day consecutive limit-up, supported by strong buying interest [18]. - The Ministry of Industry and Information Technology announced the first batch of L3 level conditional autonomous driving vehicle approvals, marking a key step towards commercial application [18]. Commercial Aerospace Sector - The commercial aerospace sector showed renewed strength, with Aerospace Intelligence rising over 15% and several other stocks like Huati Technology and Aerospace Development also performing well [20][22]. - The upcoming period from December 2025 to early 2026 is expected to witness a series of maiden flights for reusable rockets, driven by private aerospace companies [22]. Policy Support for Consumption - Recent government policies aim to boost consumption through new business models and pilot programs in 50 cities, indicating a favorable environment for the consumer sector [15]. - Analysts express optimism regarding consumer spending, citing that disposable income growth is outpacing consumption growth, suggesting a recovery in consumer confidence [15].

截至午间收盘，港股恒生指数涨0.65%，报25663.41点，恒生科技指数涨1.14%，报5480点，国企指数涨 0.5%，报8885.67点，红筹指数涨0.16%，报4056.3点。 大型科技股中，阿里巴巴-W涨0.76%，腾讯控股涨1.16%，京东集团-SW跌0.53%，小米集团-W涨 0.2%，网易-S涨1.51%，美团-W涨2.27%，快手-W涨0.99%，哔哩哔哩-W涨0.78%。 生物医药股普涨，药明康德涨超6%。北京时间12月18日凌晨，参议院官网显示，搭载修订版《生物安 全法案》的美国2026财年国防授权法案（2026NDAA）获通过。新版本生物安全法未具体点名任何一家 公司。有券商研究机构认为，2025年法案进展阶段性落地，行业回归中长期增量逻辑。 中资券商股走强，招商证券涨超3%。中信建投发布研报称，中金公司发布拟换股方式吸收合并东兴证 券，信达证券系汇金体系内券商牌照整合，换股吸收合并预案落地，中金为存续主体且不涉及配套募 资。合并后规模效应显著，三家机构核心能力形成协同互补，加之中金具备成熟并购经验，过往成功整 合中投证券，本次合并推进效率可期；合并之后，中金公司资本实力、区域服务能力 ...

12月19日消息，港股三大指数集体上涨。截至午间收盘，恒生指数涨0.65%，报25663.41点，恒生科技 指数涨1.14%，国企指数涨0.50%。盘面上，科网股涨多跌少，美团涨超2%，网易、百度、腾讯涨超 1%，联想跌超1%；生物医药股普涨，药明康德涨超6%；中资券商股走强，招商证券涨超3%；智能驾 驶概念股活跃，佑驾创新涨超12%；今日智汇矿业、希迪智驾上市，智汇矿业涨超111%，希迪智驾跌 超8%。 | 名称 | | 量新价 | 涨跌幅 √ | | --- | --- | --- | --- | | 恒生科技指数 | N | 5480.00 | +1.14% | | 800700 | | | | | 恒生指数 | NV | 25663.41 | +0.65% | | 800000 | | | | | 国企指数 | Nº M | 8885.67 | +0.50% | | 800100 | | | | 生物医药股普涨，药明康德涨超6%。北京时间12月18日凌晨，参议院官网显示，搭载修订版《生物安 全法案》的美国2026财年国防授权法案（2026NDAA）获通过。新版本生物安全法未具体点名任何一家 公司。有券 ...

点击蓝字，关注我们 今日上午港股 1 . 内房股今日普涨， 保利置业集团(00119)涨8.65%，中国金茂(00817)涨2.48%，新城发展(01030)涨 3.9%，中国奥园(03883)涨1.19% 。 2 . 和铂医药-B(02142)涨近7% 。消息面上，和铂医药发布公告称，公司与百时美施贵宝已订立多年全 球战略合作及授权协议，旨在发现及开发新一代多特异性抗体。 3 . 贪玩(09890)再涨近6%，月内累计涨幅已超36% 。消息面上，贪玩发布公告，拟发行总规模为4.68 亿港币(约6000万美金)的零息可转换债券，由国际知名投资管理基金——LMR全额认购。 4. HASHKEY HLDGS(03887)涨超3.3% 。据悉，HashKey Exchange是香港首家面向零售用户的持牌虚 拟资产交易平台，持有香港证监会第1类（证券交易）和第7类（自动化交易服务）牌照。 5 . 创新实业(02788)涨1.47% 。国联民生证券发布研报称，公司主营氧化铝、电解铝一体化冶炼，截 至2025年12月中旬在国内形成78.8万吨电解铝、320万吨氧化铝产能，氧化铝自给率超100%。 6. 智驾概念股继续走高 ...

转自：新华财经 日本央行加息25个基点 政策利率达30年来最高水平 盘面上，大消费板块持续拉升，零售、乳业方向领涨，中央商场、上海九百、庄园牧场等多股涨停。智 能驾驶概念走强，浙江世宝4连板。路畅科技4天2板。商业航天概念反复活跃，华体科技2连板。可控核 聚变概念开盘表现强势，王子新材3天2板。下跌方面，影视院线概念走弱，博纳影业大跌。 机构观点 恒生前海基金：从资金动向来看，近期多只宽基ETF获得资金大额净流入，但其结构性特征显著，难以 支撑全面反转，当前行情更多由短期流动性与政策预期驱动，后续仍需等待宏观数据与企业盈利面的验 证。A股整体大概率将震荡上行，中国资产正处于重估的长期趋势中，短期震荡不改长期向好趋势，后 续市场预计仍将走出慢牛行情，建议持续关注科技、消费、高端制造、医药的产业趋势机会。 富荣基金：展望未来半年，A股市场在"十五五"规划开局之年的政策预期下，结构性投资机会或依然丰 富。首先，科技创新与高端制造或仍是核心主线。人工智能产业链的演进将从算力硬件向应用端扩散， AI Agent、具身智能等领域潜力巨大。同时，伴随政策对"新质生产力"的持续支持，智能驾驶、半导 体、国防军工等关键领域的国 ...

12月19日，早盘指数震荡走强，三大指数集体上涨，逾4600股飘红，半日成交1.1万亿，较昨日放量421 亿。截至午间收盘，上证指数涨0.59%，深证成指涨0.93%，创业板指涨0.99%。 盘面上，可控核聚变走强，王子新材、雪人集团涨停，常辅股份涨幅靠前；商业航天概念反复走强，华 体科技2连板，信科移动、广联航空等跟涨；智能驾驶概念活跃，浙江世宝4连板，豪恩汽电领涨，万集 科技、索菱股份等跟涨；大消费板块拉升，零售、食品饮料、犒赏经济等方向均表现不俗，德必集团、 大连友谊、西王食品、东百集团涨停，此前三湘印象2连板。下跌方面，贵金属、影视院线等板块跌幅 靠前。 展望后市，兴业证券认为，近期重磅会议奠定的国内外积极的政策组合，创造了有利于风险资产演绎的 良好环境，跨年行情有望在寻找共识的过程中逐步展开。 热门板块 1、可控核聚变走强 大消费板块拉升，零售、食品饮料、犒赏经济等方向均表现不俗，德必集团、大连友谊、西王食品、东 百集团涨停，此前三湘印象2连板，天创时尚、中央商场、上海九百等涨停。 点评：消息面上，据商务部，近日，商务部办公厅、财政部办公厅印发《关于做好消费新业态新模式新 场景试点有关工作的通知》， ...