雷电微力（301050.SZ）1月5日在投资者互动平台表示，公司产品主要服务于专用市场领域客户。公司 自主研发的星间链路毫米波微系统在2018年已量产成功配套于北斗导航卫星，并促进卫星组网。 （文章来源：每日经济新闻） 每经AI快讯，有投资者在投资者互动平台提问：公司现在与国内几家民营商业航天企业有合作吗？ 公 司TR组件和阵列天线是否已供货北斗系列卫星？ ...

雷科防务盘中涨停，已连收4个涨停板，截至9:25，该股报13.81元，换手率0.39%，成交量510.03万股， 成交金额7043.58万元，涨停板封单金额为10.81亿元。连续涨停期间，该股累计上涨46.45%，累计换手 率为64.86%。最新A股总市值达181.88亿元，A股流通市值178.57亿元。 证券时报·数据宝统计，两融数据来看，该股最新（12月31日）两融余额为10.24亿元，其中，融资余额 10.22亿元，较前一个交易日增加4148.10万元，环比增长4.23%，近4日累计增加3.08亿元，环比增长 43.18%。 近日该股表现 | 日期 | 当日涨跌幅（%） | 换手率（%） | 主力资金净流入（万元） | | --- | --- | --- | --- | | 2025.12.31 | 9.99 | 13.40 | 27466.20 | | 2025.12.30 | 10.03 | 16.53 | 2408.69 | | 2025.12.29 | 9.97 | 34.53 | 112210.67 | | 2025.12.26 | 0.21 | 27.20 | -11815.37 | | 2 ...

Group 1 - The report highlights that the Chinese economy is showing signs of improvement, with the three major PMI indices rising into the expansion zone. In December 2025, the manufacturing PMI, non-manufacturing business activity index, and composite PMI output index were 50.1%, 50.2%, and 50.7%, respectively, marking increases of 0.9, 0.7, and 1 percentage points from the previous month [8]. - The manufacturing PMI has returned to expansion, with significant improvements in both production and demand. The production index was at 51.7% (+1.7), and the new orders index was at 50.8% (+1.6), both surpassing the critical point [8]. - The report indicates that policy coordination is expected to strengthen economic recovery, with a focus on fiscal preemptive measures and continued liquidity easing. This is anticipated to enhance market confidence in the ongoing economic recovery [8]. Group 2 - The report notes that the Hong Kong stock market experienced a decline in December 2025, with the Hang Seng Index falling by 0.88%, the Hang Seng China Enterprises Index down by 2.37%, and the Hang Seng Technology Index decreasing by 1.48% [15]. - Despite the overall decline, the military industry sector, commercial aerospace, and rare earth permanent magnets showed strong performance, leading the market [16]. - The report emphasizes that the advanced manufacturing sector, cyclical industries, and technology sectors saw significant gains, while the pharmaceutical and medical sectors experienced deeper declines [22][31]. Group 3 - The report highlights that foreign capital index futures positions weakened, with net short positions in IC, IF, and IM expanding, while IH net positions remained at zero [42]. - The report also mentions that the onshore and offshore RMB swap rates have declined, with the domestic bond plus swap yield lower than the US Treasury yield [45]. Group 4 - Upcoming key events include the US non-farm payroll and ISM PMI data, which are expected to be closely monitored in the coming week [47].

Core Viewpoint - The article discusses the performance of stocks categorized as "猛兽股" (beast stocks), focusing on those with a price increase of over 4 times within a year, and highlights the emergence of two distinct trading patterns: the traditional trend model and the volume accumulation model [1][2]. Group 1: Stock Selection Criteria - The selection formula for identifying beast stocks is based on a specific calculation involving the highest high and lowest low over a defined period [1]. - A total of 99 stocks were identified in the market, with 40 stocks filtered through an earnings pre-selection pool, although the specific list is not provided [2]. Group 2: Market Trends and Patterns - The current bull market has seen a significant increase in the volume accumulation model, with a ratio of approximately 6:4 compared to the traditional model [2]. - The volume accumulation model results in steeper price increase slopes and shorter time frames for achieving similar gains, with some stocks completing significant price movements in just days or weeks [2]. - The rise of quantitative trading is closely linked to the volume accumulation model, which emphasizes high-frequency trading and rapid turnover, previously dominated by speculative funds [2]. Group 3: Differences Between Trading Models - The traditional trend model is closely tied to earnings growth, while the volume accumulation model shows little correlation with earnings performance [2][5]. - Stocks selected under the traditional model are fundamentally different from those in the volume accumulation model, reflecting divergent views on the importance of fundamentals versus short-term market sentiment [4][5]. Group 4: Commonalities and Market Implications - Both trading models exhibit a common principle of minimal drawdowns during trends, with only a small fraction of the selected stocks experiencing significant pullbacks [5]. - The average drawdown for potential bull stocks in 2025 is lower than in previous years, theoretically making it easier to hold positions [5]. - The emergence of the volume accumulation model presents both challenges and opportunities for investors, suggesting a need for diversification in investment strategies [5].

证券之星消息，12月31日军工电子板块较上一交易日上涨3.13%，富吉瑞领涨。当日上证指数报收于 3968.84，上涨0.09%。深证成指报收于13525.02，下跌0.58%。军工电子板块个股涨跌见下表： | 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | --- | --- | --- | --- | --- | --- | | 002977 | 大前科技 | 35.31 | -9.99% | 1.51万 | 5348.05万 | | 002383 | 合众思壮 | 12.59 | -5.12% | 126.99万 | 16.00亿 | | 002231 | *ST奥维 | 1.40 | -4.76% | 7164.0 | 100.30万 | | 688629 | 华丰科技 | 100.06 | -2.00% | 16.59万 | 16.79亿 | | 300474 | 景嘉微 | 71.87 | -1.14% | 8.12万 | 5.86亿 | | 002414 | 高德红外 | 14.67 | -0.68% | 57.07万 | 8.38亿 | | 002179 | ...

格隆汇12月31日丨*ST天微(688511.SH)在投资者互动平台表示，公司主要从事新型灭火抑爆系统、三防 采集驱动装置、锂电火灾预警及智能防控系统、机载光学火焰探测控制系统、紫红外探测器、高能航空 点火放电器件、高精度熔断器件等产品研发、生产、销售。特种熔断器和航空放电管等器件产品主要应 用于航空、航天等领域；灭火抑爆系统主要用于装甲车辆、航空、航天、船舶等武器装备，实现动力 舱、乘员舱、弹药舱的火灾或爆炸探测、控制及灭火抑爆。在航空应用领域，公司参与某集团公司下属 某研究所多个型号火警探测系统的研制，其中一个型号产品已实现装机飞行；其余型号产品，目前已完 成相关航空装备火警系统产品的研制,已交付产品进行上机装配；在航天领域，公司与某院就某弹用点 火放电管产品已完成了验证试验，实现了国产化替代，并获得了首批订单。 ...

格隆汇12月31日丨*ST天微(688511.SH)在投资者互动平台表示，公司主要从事新型灭火抑爆系统、三防 采集驱动装置、锂电火灾预警及智能防控系统、机载光学火焰探测控制系统、紫红外探测器、高能航空 点火放电器件、高精度熔断器件等产品研发、生产、销售。特种熔断器和航空放电管等器件产品主要应 用于航空、航天等领域；灭火抑爆系统主要用于装甲车辆、航空、航天、船舶等武器装备，实现动力 舱、乘员舱、弹药舱的火灾或爆炸探测、控制及灭火抑爆。在航空应用领域，公司参与某集团公司下属 某研究所多个型号火警探测系统的研制，其中一个型号产品已实现装机飞行；其余型号产品，目前已完 成相关航空装备火警系统产品的研制,已交付产品进行上机装配；在航天领域，公司与某院就某弹用点 火放电管产品已完成了验证试验，实现了国产化替代，并获得了首批订单。 ...

(责任编辑：田云绯) 中国经济网北京12月31日讯 A股三大指数今日涨跌不一。截至收盘，上证综指报3968.84点，涨幅0.09%， 成交额8295.12亿元；深证成指报13525.02点，跌幅0.58%，成交额12156.30亿元；创业板指报3203.17点，跌幅 1.23%，成交额5436.92亿元。 | 序号 | 板块 | 涨跌幅(%)▼ | | 总成交量（万手） = 总成交额（亿元）▼ | 净流入(亿元) ▼ | 上涨家数 | 下跌家数 | | --- | --- | --- | --- | --- | --- | --- | --- | | 1 | 军工电子 | 2.60 | 2748.97 | 714.66 | 19.62 | 54 | 7 | | 2 | 机场航运 | 2.54 | 1528.46 | 78.85 | 11.55 | 11 | N | | ന | 文化传媒 | 2.18 | 3908.25 | 446.42 | 54.71 | 75 | ਰੇ | | ব | 教育 | 1.76 | 729.33 | 46.46 | 0.99 | 14 | 2 | | 5 | 幸工装备 | 1.6 ...

（文章来源：证券日报） 证券日报网讯 12月30日，久之洋在互动平台回答投资者提问时表示，公司取得商业航天产品相关资 质，严格执行相关质量体系标准，有利于公司争取相关市场的更多合作机会。 ...

每经AI快讯，12月30日，雷科防务（002413）(002413.SZ)公告称，公司股票连续2个交易日内收盘价格 涨幅偏离值累计达到20%以上，属于股票交易异常波动的情况。经核实，公司前期披露的信息不存在需 要更正、补充之处，近期公司生产经营情况正常，内外部经营环境未发生重大变化。公司无控股股东、 无实际控制人，不存在应披露而未披露的重大事项或处于筹划阶段的重大事项。股票异常波动期间，公 司第一大股东未买卖公司股票。 ...