证券日报网讯12月10日，万马科技（300698）在互动平台回答投资者提问时表示，2025年上半年公司费 用增长主要来自销售费用和研发费用。在通信板块，公司积极拓展工业控制业务、数据中心业务、国家 电网环网箱业务等场景；在车联网业务板块，公司加速车联网业务的海外市场拓展，并积极开拓 Robotaxi、Robovan等自动驾驶场景客户。公司业务增加以及新市场和新场景开拓，导致公司销售费用 增加；此外，公司持续关注研发投入，增加研发平台建设，提升行业竞争力，因此公司研发费用小幅增 加。 ...

Core Viewpoint - The company is actively advancing the research and mass production of a series of high-speed active products [1] Group 1 - The company, 太辰光, is responding to investor inquiries on its interactive platform [1] - The company emphasizes the orderly progress of its product development and production efforts [1]

证券时报·数据宝统计显示，上榜的前五大买卖营业部合计成交1.55亿元， 其中，买入成交额为8704.22 万元，卖出成交额为6837.34万元，合计净买入1866.88万元。具体来看，今日上榜营业部中，第一大买 入营业部为开源证券股份有限公司西安西大街证券营业部，买入金额为3075.64万元，其次是摩根大通 证券(中国)有限公司上海银城中路证券营业部，买入金额1560.33万元。卖出营业部中，有1家机构专用 席位现身，即卖三，卖出金额分别为1209.47万元，营业部合计卖出5627.87万元。买卖金额相抵，机构 专用席位今日净卖出该股1209.47万元。 资金流向方面，该股今日全天主力资金净流入6306.94万元。（数据宝） 12月10日霍莱沃（688682）收盘价51.46元，收盘涨停，全天换手率10.62%，振幅14.36%，成交额5.37 亿元。科创板交易公开信息显示，当日该股因日收盘价涨幅达15%等上榜。 | 买入营业部名称 | 买入金额(万元) | | --- | --- | | 开源证券股份有限公司西安西大街证券营业部 | 3075.64 | | 摩根大通证券(中国)有限公司上海银城中路证券营业部 ...

（文章来源：证券日报） 证券日报网讯 12月10日，红相股份在互动平台回答投资者提问时表示，公司全资子公司星波通信主要 从事射频/微波器件、组件、子系统及其混合电路模块的研发、生产、销售和服务，能够为多种通信、 导航和制导平台提供配套。 ...

Core Viewpoint - The article discusses the complexities and realities of working in Africa, particularly for Chinese expatriates, highlighting both the financial incentives and the challenges faced in such roles [14][15][22]. Group 1: Historical Context - The trend of Chinese expatriates in Africa began in the 1960s, coinciding with the continent's independence movements and China's need for allies [25][30]. - The construction of the TAZARA Railway is a significant historical example of early Chinese involvement in Africa, with nearly 50,000 Chinese engineers sent to assist [35][36]. - By the 1980s, China's aid to Africa shifted from political to economic motivations, with state-owned enterprises leading the charge in infrastructure projects [37][39]. Group 2: Current Employment Landscape - There is a growing number of job postings for expatriate positions in Africa, with salaries often exceeding those in major Chinese cities by more than double [55][57]. - For example, expatriates in engineering roles can earn an average monthly salary that is over twice that of similar positions in Beijing [57]. - New graduates can expect total compensation packages of around 250,000 yuan per year, while those with more experience can earn between 350,000 to 500,000 yuan [58][59]. Group 3: Challenges Faced by Expatriates - Working in Africa is often characterized by high demands, with expatriates expected to work long hours and handle multiple responsibilities [84]. - Health risks are significant, as Africa is known for high rates of infectious diseases, and access to quality healthcare can be limited [88][90]. - Security concerns are prevalent, with reports of crime and violence against expatriates, particularly in countries like Nigeria and the Democratic Republic of the Congo [92][96]. Group 4: Economic Considerations - The high salaries offered to expatriates are a result of supply and demand dynamics in the labor market, where local labor may not meet the expectations of Chinese companies [78][80]. - Despite the financial benefits, expatriates often face a high cost of living in terms of personal sacrifices, including isolation and cultural barriers [98][100]. - The article notes that while expatriates can save money due to provided accommodations and limited spending options, the overall experience can be challenging [71][74]. Group 5: Future Outlook - The increasing interest in Africa as a market presents both opportunities and challenges for companies, with issues such as political instability and corruption affecting operations [109][110]. - The evolving landscape means that while some expatriates find success, others may struggle with the realities of working in such environments [111][112]. - Ultimately, the decision to work in Africa is a complex one, influenced by personal circumstances and broader economic trends [115][116].

震有科技公告称，公司作为仲裁申请人，与中国五冶集团的仲裁案获终局裁决。被申请人需在裁决书送 达之日起十五日内，支付1505.93万元货款及逾期付款损失、23万元律师费、1.5万元保全保险费，承担 4.76万元仲裁费和5000元保全费。此外，驳回公司其他仲裁请求，公司承担27万元仲裁费。本次裁决尚 未执行，对公司损益影响存在不确定性。 ...

（原标题：主力资金丨尾盘资金抢筹5股超亿元） 17股净流入金额超3亿元。 今日（12月10日），A股震荡回升，三大指数午后拉升，深证成指、创业板指盘中相继翻红，截至收 盘，沪指跌0.23%，深证成指涨0.29%，创业板指跌0.02%。 主力资金方面，市场全天净流出199.82亿元，其中沪深300成份股净流出86.93亿元。11个行业主力资金 净流入，房地产、商业零售净流入均超12亿元，有色金属、农林牧渔净流入超55亿元。电力设备净流出 居首，金额为9.68亿元，电力设备、计算机净流出均超3亿元。 永辉超市净流入居首 从个股来看，89股主力资金净流入超1亿元，其中17股净流入金额超3亿元。 永辉超市连续3日涨停，今日主力资金净流入7.37亿元，居于首位。商业百货近期持续走强，今日涨停 的个股包括中百集团、东百集团、步步高等，步步高、中百集团也获主力资金大幅净流入，金额分别为 4.58亿元和2.13亿元。 从个股来看，15股尾盘主力资金净流入超5000万元，其中5股尾盘主力资金净流入超1亿元，海马汽车、 新易盛尾盘净流入资金均超2亿元。 海马汽车尾盘涨停，消息面上，海南"十五五"规划建议支持新能源汽车等行业企业合 ...

Core Insights - The ETF market has seen a resurgence with five products achieving over 100% annual returns as of December 9, 2025, particularly in the technology sector, including communication equipment and artificial intelligence [1][10]. Performance Overview - The top-performing ETFs with over 100% returns include: - Guotai CSI All-Share Communication Equipment ETF: 122.27% return, 12.45 billion in size, 6.32 years since inception, maximum drawdown of -28.87% [2][11]. - Fuguo CSI Communication Equipment Theme ETF: 111.21% return, 1.04 billion in size, 1.45 years since inception, maximum drawdown of -23.98% [2][11]. - Southern Growth Enterprise Board AI ETF: 110.15% return, 2.57 billion in size, 0.63 years since inception, maximum drawdown of -14.55% [2][11]. - Huabao Growth Enterprise Board AI ETF: 104.57% return, 3.36 billion in size, 1.01 years since inception, maximum drawdown of -31.52% [2][11]. - Guotai Growth Enterprise Board AI ETF: 100.38% return, 0.55 billion in size, 0.71 years since inception, maximum drawdown of -18.13% [2][11]. Fund Management Insights - The Fuguo CSI Communication Equipment Theme ETF, managed by Su Huaqing, has shown strong growth with a total return of 149.10% since inception and an annualized return of 87.49% [5][14]. - The fund's current size is 1.04 billion, and its investment strategy focuses on AI computing infrastructure [6][14]. Portfolio Composition - As of Q3 2025, the fund's top holdings include: - Xinyi Technology: 159.66 million, 436,500 shares, increased by 476.31% [7][15]. - Zhongji Xuchuang: 158.12 million, 391,700 shares, increased by 473.81% [7][15]. - ZTE Corporation: 64.58 million, 1,415,088 shares, increased by 472.91% [7][15]. - Other significant holdings include Tianfu Communication, Unisplendour, and AVIC Optoelectronics, with substantial increases in shareholding [8][16]. Market Trends - The market has responded positively to policies such as the commencement of major projects and the "anti-involution" strategy, leading to a recovery in undervalued cyclical sectors [8][16]. - The technology growth sector, particularly TMT (Technology, Media, and Telecommunications), has significantly outperformed the market, with a focus on AI and new energy sectors [8][16].

证券之星消息，12月10日通信设备板块较上一交易日上涨1.49%，长飞光纤领涨。当日上证指数报收于 3900.5，下跌0.23%。深证成指报收于13316.42，上涨0.29%。通信设备板块个股涨跌见下表： 以上内容为证券之星据公开信息整理，由AI算法生成（网信算备310104345710301240019号），不构成投资建议。 从资金流向上来看，当日通信设备板块主力资金净流出13.19亿元，游资资金净流出7.24亿元，散户资金 净流入20.43亿元。通信设备板块个股资金流向见下表： ...

Core Viewpoint - The ETF market has seen a resurgence with five products achieving over 100% annual returns as of December 9, 2025, particularly in the technology sector, focusing on communication equipment and artificial intelligence [1][11]. Group 1: ETF Performance - The top-performing ETF is the Guotai CSI All-Share Communication Equipment ETF (515880.OF), with a year-to-date return of 122.27% [3][13]. - Other notable ETFs include: - Fortune CSI Communication Equipment Theme ETF (159583.OF) with a return of 111.21% - Southern Growth Enterprise Board AI ETF (159382.OF) with a return of 110.15% - Huabao Growth Enterprise Board AI ETF (159363.OF) with a return of 104.57% - Guotai Growth Enterprise Board AI ETF (159388.OF) with a return of 100.38% [2][12]. Group 2: Fund Management and Strategy - The Guotai CSI All-Share Communication Equipment ETF, managed by Ai Xiaojun, has been operational for over six years, achieving a total return of 202.97% and an annualized return of 19.16% [3][13]. - The fund's current size is 124.50 billion [3][13]. - The fund's investment strategy focuses on the AI computing power industry chain, with significant holdings in leading companies such as Xinyi and Zhongji Xuchuang [6][14]. Group 3: Market Dynamics and Volatility - The fund manager has significantly increased core holdings, with an increase rate exceeding 130% [7][15]. - Despite impressive returns, the fund experienced a maximum drawdown of -28.87%, indicating high volatility in the high-growth technology sector [8][15]. - Long-term performance shows a total return of 179.70% over five years and 254.68% over three years, outperforming broad market indices like the CSI 300 [8][15]. Group 4: Future Outlook - As the 2025 market approaches its end, there is significant interest in whether the Guotai communication ETF can maintain its leading position and how the AI computing power industry will perform moving forward [10][16].