Market Overview - The US stock market experienced a collective decline, leading to a weak market sentiment in Hong Kong, with the Hang Seng Index down 0.84% to 25,549.90 points, the Hang Seng Tech Index down 1.32% to 5,587.69 points, and the National Enterprises Index down 1.12% to 8,981.84 points [1] Company News - Dongfeng Group reported cumulative sales of 1.697 million vehicles in the first 11 months, a year-on-year decrease of approximately 0.3%. New energy vehicle sales reached 489,203 units, marking a year-on-year increase of about 39.1% [2] - New天绿色能源 achieved a cumulative power generation of 13.3689 million MWh in the first 11 months, an increase of 8.04% year-on-year, with November's generation at 1.662 million MWh, up 24.45% year-on-year [2] - Longyuan Power completed a cumulative power generation of approximately 69.0964 million MWh in the first 11 months, reflecting a year-on-year growth of 0.41% [3] - Greenland Hong Kong reported contract sales of approximately 6.823 billion yuan in the first 11 months, a year-on-year decline of 22.6% [4] - Sunyu Optical Technology completed a share swap merger with Goer Optical, with its subsidiary Ningbo Aolai holding approximately 31.31% of the shares, becoming the second-largest shareholder [4] - Zoomlion Heavy Industry completed the acquisition of 81% equity in Zoomlion Heavy Industry Finance Leasing (Beijing) [5] - Cambridge Technology plans to increase its investment in CIG USA by $100 million [6] - WuXi AppTec announced research data for JWCAR201 IIT at the 67th American Society of Hematology Annual Meeting [7] - Four Seasons Pharmaceutical's innovative drug Anjiuwei® successfully renewed its inclusion in the 2025 National Basic Medical Insurance Drug List, while its innovative drug XuanYueNing® was included for the first time [7] - Yuanda Pharmaceutical's Class 1 innovative drug GPN01360 successfully reached clinical endpoints in Phase II clinical trials in China [8] - Agile Group's hearing has been further postponed to March 9, 2026 [9] Institutional Insights - Haitong International suggests that after market consolidation, a rebound is expected, with technology stocks having room for recovery. The rebound's strength will depend on policy implementation and potential interest rate cuts by the Federal Reserve [10] - Everbright Securities notes that the Hang Seng Index's current P/E ratio is above its 5-year average, indicating overall valuation recovery, while the tech index has just returned to its 5-year average, suggesting room for further valuation catch-up [10] - Guosen Securities predicts that the short-term adjustment in Hong Kong stocks opens up space for market growth in 2026, with net inflows from southbound funds exceeding 110 billion yuan in November [10]

近期，从国家知识产权局获悉，欧菲光集团旗下子公司南昌欧菲光电技术有限公司自主研发的一项名 为"摄像头模组"的专利成功通过审批，获得"实用新型专利"授权，以硬核技术实力引领光学行业创新发 展。 另外，由于可变光圈位于第一镜体和第二镜体之间，当光线通过第二镜体进入第一镜体时，可变光圈能 够调节由第二镜体进入第一镜体的进光量，从而提高了摄像头模组的成像质量，并便于摄像头模组控制 景深及营造特殊的视觉效果。 公开资料显示，欧菲光一直以技术为导向、以创新为驱动，坚持"提前布局，全面布局"的专利布局理 念，推动公司长效发展。2025年上半年，研发投入达到7.58亿元，占营业收入比重为7.70%，布局领域 涉及智能手机、智能汽车和新领域等。截至2025年6月30日，欧菲光在全球已申请有效专利2128件（国 内1918件，海外210件），已获得授权专利1734 件 （国内1569件、海外165件）。 据悉，该"摄像头模组"实用新型专利可使摄像头模组集成可变光圈的同时，提高摄像头模组的结构紧凑 型，成像质量也一并提升。由于目前的电子产品均在追求小型化，给摄像头模组预留的空间较小，若直 接将可变光圈简单安装在摄像头模组上，会显著 ...

来源：政知见 原标题：《省委书记和李书福、刘杰等座谈，现场有企业家分享了一则"趣事"》 据《浙江日报》消息，12月4日上午，浙江省委书记王浩在杭州主持召开企业家和专家学者座谈会，听 取对明年经济形势和经济工作的意见建议。 企业家有7人，来自不同行业，包括： 浙江吉利控股集团董事长李书福 网易集团副总裁刘杰 阿里巴巴集团天猫总裁刘博 舜宇光学科技（集团）有限公司总裁王文杰 华东医药股份有限公司董事长吕梁 思看科技（杭州）股份有限公司董事长兼总经理王江峰 现场画面显示，座谈会上，有10位企业家和专家学者代表先后发言。 浙江中国小商品城集团股份有限公司董事长陈德占 专家有3人，分别是： 浙江大学文科资深教授史晋川 浙江省咨询委副主任、秘书长孟刚 浙江省发展规划研究院院长李军 此次座谈，聚焦的是明年经济。 "明年是'十五五'规划的开局之年，是推动高质量发展建设共同富裕示范区取得决定性进展、率先呈现 基本实现社会主义现代化生动图景的重要之年，做好明年经济工作十分重要。"王浩说。 作为全国重要的经济大省，浙江的经济体量和发展动向备受关注。2024年，全省地区生产总值超过9万 亿元，增长5.5%。今年前三季度，浙江全省地区 ...

Group 1 - Jiangxi Province's Shangrao City received recognition at the 2025 China Quality (Nanjing) Conference, with JinkoSolar Co., Ltd. awarded a nomination for the fifth China Quality Award due to its "Four-Dimensional Three-Green" low-carbon quality management model [1] - The Shangrao Market Supervision Administration has actively engaged with the National Standardization Administration to address industry standard gaps, promoting high-quality development through initiatives like "National Standards Committee in Old Areas" [1] - The administration has developed a quality financing model to bridge policy and market, effectively addressing financing challenges for enterprises and laying a solid institutional foundation for brand development [1] Group 2 - The Shangrao Market Supervision Administration has established a tiered cultivation system tailored to different stages of enterprise development, guiding two companies to achieve the "Leader" standard in Jiangxi Province in 2024 and supporting five more companies in their pursuit of this honor [2] - The administration has facilitated high-end display platforms for enterprises, recommending JinkoSolar for the China Standard Overseas Application Pilot Project and organizing participation in the Yangtze River Delta G60 Science and Technology Innovation Corridor Quality Standard Conference [2] Group 3 - A customized full-chain brand cultivation plan has been developed for the optical industry, focusing on quality management upgrades, standardization system construction, and trademark brand cultivation to enhance industry competitiveness [3] - The administration has conducted joint law enforcement checks on intellectual property rights, combating infringement and promoting the transformation of intellectual property into assets through patent and trademark licensing and financing [3] - Shangrao's optical industry leader, Yutong Optical Co., Ltd., has expanded its business to over 30 countries and regions, with more than 240 overseas partners, becoming a prominent representative of "Shangrao Manufacturing" on the international stage [3]

Core Viewpoint - The company announced a strategic shift by divesting its stake in the subsidiary Lingzhi Yunchuang Technology Co., Ltd. to focus on its core optical business, moving away from the wheel-based medical service and logistics delivery robot sector [2][3]. Group 1: Transaction Details - The transaction consists of two parts: a share transfer and a capital increase, which are interdependent [2]. - The share transfer involves the full subsidiary Lianyi Helite Technology Co., Ltd. selling its stake in Lingzhi Yunchuang, with a transfer price of 14.3 million yuan for a registered capital of 5.6746 million yuan [2]. - Following the capital increase, the registered capital of Lingzhi Yunchuang will rise from 10 million yuan to 12.36 million yuan, with Lianyi Helite's ownership dropping from 100% to 34.9951%, while Wan Ce Zhizao will hold 65.0049% [2]. Group 2: Business Transition - Post-transaction, the company will transfer all non-Lingzhi Yunchuang medical robot-related R&D results, design materials, intellectual property, unfulfilled contracts, and customer relationships to Lingzhi Yunchuang [3]. - Lingzhi Yunchuang, established on May 11, 2024, has a registered capital of 10 million yuan and focuses on the development and sales of intelligent robots, particularly in the medical service and logistics sectors [3]. Group 3: Financial Performance - Lingzhi Yunchuang has reported losses in recent years, with 2024 revenues of 206,200 yuan and a net loss of 3.2282 million yuan, resulting in total assets of 4.466 million yuan and a net asset deficit of 938,200 yuan [3]. - For the period from January to July 2025, Lingzhi Yunchuang generated revenues of 152,480 yuan and a net loss of 623,920 yuan, with total assets of 7.514 million yuan and a net asset deficit of 597,400 yuan as of July 31 [3]. Group 4: Legal and Ownership Status - As of the announcement date, Lingzhi Yunchuang's ownership is clear, with no pledges or restrictions on rights, and it does not involve any major disputes [4].

理想汽车方面还宣布，将于2025年12月3日19点30分举行理想AI眼镜Livis发布会。（青山） 【环球网科技综合报道】12月2日消息，理想汽车官方宣布，与蔡司达成战略合作，开启全球性的技术 及市场合作。 来源：环球网 ...

Core Viewpoint - Li Auto has officially announced a global technology and market strategic partnership with Zeiss, aimed at enhancing its first AI glasses, Livis, with optical technology [1] Group 1: Partnership and Product Development - The collaboration with Zeiss will inject optical technology into Livis, which is set to be unveiled on December 3 at 19:30 [1] - This partnership marks Li Auto's transition from a smart car manufacturer to a "smart mobility ecosystem service provider" [1] Group 2: Product Features - Livis AI glasses will extend Li Auto's AI capabilities from in-car experiences to daily life, focusing on in-car machine extension and full-scene AI [1] - The glasses will feature a MicroOLED high-definition display, leveraging Zeiss's optical technology to enhance visual clarity and scene adaptability [1] - The lightweight design and myopia customization will also improve the wearing experience, thanks to Zeiss's optical enhancements [1]

智通财经APP获悉，恒发光学(01134)复牌跌超28%，截至发稿，跌28.62%，报0.232港元，成交额36.24 万港元。 消息面上，恒发光学发布公告称，就控股股东顶锋可能出售公司已发行股本总额约54.19%，于2025年 11月29日，顶锋与董事会获告知，潜在买方将不会继续进行可能出售事项。潜在买方与顶锋有关可能出 售事项的讨论已予终止及概无订立任何正式协议。因此，有关按例就所有已行股份提出的可能强制性无 条件全面要约将不会进行。 ...

Core Viewpoint - The market opened slightly lower with the Shanghai Composite Index down by 0.14%, while sectors such as AI smartphones, regional economies, and Huawei concepts showed strong performance, indicating high investor interest in these hot sectors [1] Market Performance - The opening performance of stocks in the Shanghai, Shenzhen, and Beijing markets showed significant movements, with stocks like Daoming Optics and Gaole Shares reaching their daily limit up of 10.01% and 9.98% respectively, reflecting strong market sentiment towards these sectors [1] - Notable stocks that advanced included Tongyu Communication, which achieved a four-day consecutive limit up, and other stocks like Xinruida and Jinfu Technology also showed strong gains, indicating a trend of increasing investor confidence in specific sectors [1] Sector Highlights - The AI smartphone sector, along with regional economic stocks and Huawei-related concepts, demonstrated robust performance, attracting considerable market attention [1] - Specific stocks within these sectors, such as Jinfu Technology and Hai Xin Food, opened high with increases of 10.01% and 6.41% respectively, showcasing the potential for growth in these areas [1] Declining Stocks - Some stocks experienced declines, such as Sunshine Dairy, which opened down by 7.97%, indicating that not all sectors are performing equally well in the current market environment [1] - Other declining stocks included Huiwei Technology and Jereh, which opened down by 3.01% and 2.5% respectively, suggesting a mixed sentiment across different sectors [1]

（编辑 丛可心） 证券日报网讯 12月1日，联创电子在互动平台回答投资者提问时表示，公司主营光学和触控产业，主要 产品包括车载镜头及模组、手机镜头及模组，高清广角镜头及模组、各种尺寸触控显示模组等，主要产 品产能均根据市场需求动态优化产能配置，以确保及时响应客户需求并把握行业发展机遇。未来，公司 将根据战略规划以及市场状况对资本开支进行计划和管理。 ...