天奥电子股价创出历史新高，截至9:37，该股上涨10.01%，股价报22.09元，成交量632.07万股，成交金 额1.37亿元，换手率1.52%，该股最新A股总市值达93.68亿元，该股A股流通市值91.69亿元。 证券时报·数据宝统计显示，天奥电子所属的国防军工行业，目前整体涨幅为1.07%，行业内，目前股价 上涨的有114只，涨停的有广联航空、博云新材等4只。股价下跌的有25只，跌幅居前的有新劲刚、*ST 奥维、高德红外等，跌幅分别为2.91%、2.42%、2.00%。 两融数据显示，该股最新（12月24日）两融余额为3.25亿元，其中，融资余额为3.25亿元，近10日增加 3076.83万元，环比增长10.45%。 公司发布的三季报数据显示，前三季度公司共实现营业收入5.36亿元，同比下降7.12%，实现净利润 1522.32万元，同比下降4.51%，基本每股收益为0.0355元，加权平均净资产收益率0.96%。（数据宝） （文章来源：证券时报网） ...

>>>> ETF早知道 >>>>> ETF早知道 ETFEFR滑 WP bao <<<< >>>>> HOFTS 2025 目早知道 Dec 25 ETFF无爱 (44) 市场温度计 >>>>> 中长期信号 · 投资看温度 ETFOF 9 -- 75% --- 75% 75% -- + 25% -- 25% -- > 25% ETF 早死漫 0.53% 0.88% 0.77% ← ← ↑ <<<< 上证指数 深证成指 创业板指 注:温度计水银条由对应指数的近十年市盈率分位数表示,总值为100%。数据来源:iFind,截至 2025.12.24，上证指数、深证成指、创业板指的近十年市盈率分位数分别为93.99%、84.2%、42.14% ETFOF B e 0 (9) 6 板块热力图 ETFEFRE <<<< 短期轮动走向·观九宫热力值 +2.88% +2.12% +1.72% 电子 国防军J 建筑材料 >>>>> TFEFRE >>>>>> TFEER ETFEED +1.69% +1.49% -0.30% 轻工制造 机械设备 银行 -0.36% -0.85% -0.70% 食品饮料 煤炭 农林牧渔 数据来源 ...

Market Performance - The Shanghai Composite Index closed at 3940.95, up by 0.53% with an increase of 20.97 points [2] - The Shenzhen Component Index closed at 13486.42, up by 0.88% with an increase of 117.43 points [2] - The CSI 300 Index closed at 4634.06, up by 0.29% with an increase of 13.32 points [2] - The ChiNext Index closed at 3229.58, up by 0.77% with an increase of 24.57 points [2] - The STAR 50 Index closed at 1352.13, up by 0.90% with an increase of 12.11 points [2] - The Beijing Stock Exchange 50 Index closed at 1445.55, up by 0.39% with an increase of 5.61 points [2] Sector Rankings - The top five sectors by growth include Defense and Military Industry (2.88%), Electronics (2.12%), Building Materials (1.72%), Light Industry Manufacturing (1.69%), and Machinery Equipment (1.49%) [3] - The sectors with the largest declines include Agriculture, Forestry, Animal Husbandry, and Fishery (-0.85%), Coal (-0.70%), Food and Beverage (-0.36%), Banking (-0.30%), and Media (0.01%) [3] Market Outlook - The market showed a collective rise with the three major indices increasing, indicating a positive trend with the Shanghai Composite Index achieving six consecutive days of gains [4] - The trading volume in the Shanghai and Shenzhen markets was 1.88 trillion, a decrease of 196 billion from the previous trading day [5] - The report highlights a structural transformation at the bottom of the economic cycle, with manufacturing showing resilience and new industries emerging as bright spots [5] - It is suggested to focus on sectors such as dividends, TMT (Technology, Media, and Telecommunications), and consumer goods for potential investment opportunities [5]

目前看，双创与科技板块预期盈利高于当前实现水平，建议关注2026年的业绩兑现情况;与近似PB的行 业相比，国防军工盈利水平仍有提升空间;食品饮料与家电行业盈利性的差距逐渐缩小，但长期看或存 在估值趋近的过程;大盘指数内新旧经济增长动能切换的态势显著，总体盈利和价格波动的稳定是其配 置价值的基础。2026年1月是2025年年报业绩预告观测时间窗口，建议关注相关行业的业绩兑现情况。 中信证券主要观点如下： 智通财经APP获悉，中信证券发布研究报告称，2025年以来A股市场走出持续3年的"哑铃"格局，科创、 创业板为代表的硬科技板块成长性回升是其基本面基础。经过6至10月的系统性估值修复后，10月以来 行业间走势分化加剧，而截止Q3的业绩持续增长是大部分行业10月后表现韧性的基础。 1)2025年8月后市场估值趋于分化，10月短期震荡后再创新高。10月后，由于上涨节奏的切换，系数 Beta短期缓解后再创新高，目前已经超过2023年初的分化水平。 2)10月后不同行业价格走势的结构出现分化，但成长性是其行情韧性的基础。部分行业在10月后的上涨 节奏不受影响，或短期受到影响后重新回归上行趋势，大部分此类行业在2025年 ...

中信证券研报指出，2025年以来A股市场走出持续3年的"哑铃"格局，科创、创业板为代表的硬科技板 块成长性回升是其基本面基础。经过6至10月的系统性估值修复后，10月以来行业间走势分化加剧，而 截止Q3的业绩持续增长是大部分行业10月后表现韧性的基础。目前看，双创与科技板块预期盈利高于 当前实现水平，建议关注2026年的业绩兑现情况；与近似PB的行业相比，国防军工盈利水平仍有提升 空间；食品饮料与家电行业盈利性的差距逐渐缩小，但长期看或存在估值趋近的过程；大盘指数内新旧 经济增长动能切换的态势显著，总体盈利和价格波动的稳定是其配置价值的基础。2026年1月是2025年 年报业绩预告观测时间窗口，建议关注相关行业的业绩兑现情况。 ...

Market Overview - On December 24, the Shanghai Composite Index rose by 0.53%, the CSI 300 increased by 0.29%, the STAR 50 climbed by 0.9%, the CSI 1000 went up by 1.54%, the ChiNext Index gained 0.77%, and the Hang Seng Index rose by 0.17% [4] - The best-performing sectors on December 24 were defense and military industry (+2.88%), electronics (+2.12%), building materials (+1.72%), light industry manufacturing (+1.69%), and machinery equipment (+1.49%). The worst-performing sectors were agriculture, forestry, animal husbandry, and fishery (-0.85%), coal (-0.7%), food and beverage (-0.36%), banking (-0.3%), and media (+0.01%) [4] - The total trading volume for the entire A-share market on December 24 was 1,897.242 billion yuan, with a net outflow of 1.175 billion Hong Kong dollars from southbound funds [4] Key Insights Non-Bank Financial Sector - The non-bank sector is expected to see a rebound in 2026, offering both high probability and favorable odds [5] - Market expectations for the non-bank sector are low due to the high base in 2025 [5] - Factors driving this outlook include a long-term "slow bull" market in equities and optimization of the liability side [5] Industry Rotation Strategy - The top five industry indices from the 2025 Annual Industry Scoring Table yielded a cumulative return of 44.8% as of December 23, 2025, outperforming the CSI 300 by 22.2%, with positive excess returns in 11 out of 12 months [6][7] - In a bull market, focusing on industry fundamentals is deemed more important than trading comparisons, with a strategy of identifying and holding onto sectors with strong economic logic being favored over rotation trading [6][7] - Key sectors to watch in 2026 include cyclical and technology sectors, closely aligned with top-level policy themes such as technological self-reliance, domestic demand, and anti-involution [6][7] Automotive Parts Industry - The automotive lightweight trend presents significant opportunities for substituting steel with plastics, as modified plastics are lighter and stronger, making them ideal materials for automotive lightweighting [8] - The increase in the usage of modified plastics serves as a catalyst for this trend [8] - Risks include rising raw material costs and the potential for new material substitution [8]

为实现上述目标，政府计划统筹配置约5万块图形处理器资源，并据此优化算力分配机制，重点支持风 险投资机构与初创企业在技术研发及示范应用方面的需求。同时，将围绕人工智能、生物医药、文化创 意内容、国防军工、能源及先进制造等六大战略产业，系统完善政策支持体系，力争在2030年前完成相 关初创企业的培育任务。 韩国《韩联社》12月18日报道，韩国中小风险企业部于18日联合相关部门发布《迈向全球四大创投 强国综合对策》，明确提出以下战略目标：培育1万家专注于人工智能与硬科技领域的初创企业；打造 50家具有全球竞争力的独角兽及"十角兽"企业；推动相关企业与年规模约40万亿韩元（约合人民币1904 亿元）的全球风险投资市场实现有效对接。 （原标题：韩制定科创强国发展战略） ...

过去一周，市场风格出现显著切换。偏防守的价值因子以及代表交易博弈的量价类因子（波动率、技术）表现强势。 而此前表现优异的成长因子和一致预期因子则有所回撤。这反映出在震荡环境下，资金暂时脱离了业绩驱逻辑，转而 寻求低估值防御。展望未来一周，考虑到年末资金避险情绪，我们预期价值因子的防御属性仍将受捧，同时量价类因 子有望延续活跃态势，而成长风格短期或需等待拥挤度消化后的企稳。 以上结果通过历史数据统计、建模和测算完成，在政策、市场环境发生变化时模型存在失效的风险。 过去一周，国内主要市场指数平稳，其中上证 50、沪深 300、中证 500 和中证 1000 涨跌幅分别为 0.61%、-0.15%、 0.01%和-0.56%。 微盘股指标监控：综合来看，当前轮动模型由于微盘股滚动 20 天斜率收负，茅指数为正斜率，当前轮动模型发出切 换至茅指数信号，中期配置茅指数的预期能有更高相对收益。从中期微盘股择时角度来看，目前风控信号还没触发， 但能看到波动率拥挤率正在快速上行，风险有明显聚集。对于持有微盘板块投资者建议做好风险控制，以及密切跟踪 相对净值、动量及中期风险指标的动态。 过去一周，政策端进入了高频落地的执行期， ...

证券日报网讯12月24日，航天南湖在互动平台回答投资者提问时表示，截至2025年12月19日，公司的股 东数为13654户。 ...

Market Overview - The A-share market showed a positive trend today, with major indices mostly rising. The Shanghai Composite Index increased by 0.53% to close at 3940.95 points, while the Shenzhen Component Index rose by 0.88% to 13486.42 points. The Sci-Tech 50 Index and the ChiNext Index also saw gains of 0.90% and 0.77%, closing at 1352.13 points and 3229.58 points respectively. Overall, 4125 stocks rose, 1132 fell, and 200 remained unchanged, with a total trading volume of 18803 billion yuan, a decrease of 196 billion yuan from the previous trading day [1][14]. Industry Performance - Among the Shenwan first-level industries, sectors such as defense and military, electronics, building materials, light industry manufacturing, and machinery equipment led the gains, with increases of 2.88%, 2.12%, 1.72%, 1.69%, and 1.49% respectively. Conversely, industries like agriculture, forestry, animal husbandry, fishery, coal, food and beverage, and banking experienced declines, with decreases of 0.85%, 0.70%, 0.36%, and 0.30% respectively [1][14]. Concept Sector Performance - The top-performing concept sectors today included fiberglass, satellite internet, commercial aerospace, satellite navigation, military information technology, TOPcon batteries, RF and antennas, HBM, copper-clad laminates, 6G, cross-strait integration, large aircraft, aircraft carriers, Apple, and smart speakers [2][11].