天眼查显示，近日，艾普锐智能装备（上海）有限公司成立，法定代表人为刘小珲，注册资本2000万人 民币，由欧朔企业管理（上海）有限公司全资持股。 序号股东名称持股比例1欧朔企业管理（上海）有限公司100% 经营范围含智能基础制造装备销售；技术服务、技术开发、技术咨询、技术交流、技术转让、技术推 广；机械设备销售；机械设备研发；机械设备租赁；机械零件、零部件销售；人工智能应用软件开发； 智能仪器仪表销售；智能输配电及控制设备销售；包装专用设备销售；电器辅件销售；核电设备成套及 工程技术研发；智能控制系统集成；通用设备修理；货物进出口；技术进出口。（除依法须经批准的项 目外，凭营业执照依法自主开展经营活动）许可项目：建设工程施工；建筑智能化系统设计。（依法须 经批准的项目，经相关部门批准后方可开展经营活动，具体经营项目以相关部门批准文件或许可证件为 准） 企业名称艾普锐智能装备（上海）有限公司法定代表人刘小珲注册资本2000万人民币国标行业制造业> 计算机、通信和其他电子设备制造业>电子器件制造地址上海市奉贤区北村路101号3幢（集中登记地） 企业类型有限责任公司(自然人投资或控股的法人独资)营业期限2025-12 ...

俄罗斯卫星通讯社越南新闻12月21日报道，据越南海关最新公布的数据，今年年初至12月15日，越 南累计出口商品4518亿美元。其中，计算机、电子产品及零部件出口逾1019亿美元，首次突破1000亿美 元，占全国出口总额的22.6%，同比增长48.73%，相当于增加逾334亿美元，成为越南全年整体出口增 长的关键驱动力。 美国仍然是该类产品最大的出口目的地，出口金额达379亿美元，同比大幅增长80.7%。其次是中 国内地，贸易额达152.8亿美元，增长37.6%。其他市场也取得正增长，包括：欧洲98.8亿美元，增长 10.6%；中国香港96.9亿美元，增长30.8%；韩国77.6亿美元，增长52.2%。 （原标题：2025年越南计算机、电子产品及零部件出口首次突破1000亿美元） ...

Core Insights - Cambodia's government is implementing strategic adjustments to import tariffs and special taxes on certain goods, effective January 1, 2026, aimed at reducing import costs for key materials and enhancing the business environment [1] Group 1: Tax Adjustments - Multiple goods will see a "zero tariff" policy, including live poultry, computers and related peripherals, antenna equipment, laboratory instruments, and related testing equipment, with tariffs reduced from 15% or 7% to 0% [1] - Significant reductions in tariffs for daily consumer and industrial goods, such as sanitary napkins, diapers, rice cookers, fruit blenders, and luxury cars, with tariffs dropping from 15% to 7% and from 35% to 7% respectively [1] Group 2: Green Energy and Technology Incentives - Special tax reductions for electric vehicle (EV) components, with the special tax rate for electric vehicle motors, vacuum cleaners, and audio equipment reduced from 10% to 0%, and for electric vehicle batteries from 10% to 5% [1] Group 3: Economic Impact - The tax reforms reflect the Cambodian government's policy direction of benefiting the public, promoting production, and advocating for environmental protection, which is expected to lower retail prices, alleviate inflation, and improve living standards [2] - The zero tariff policy on computers and laboratory equipment will significantly lower the barriers for corporate research and digital transformation [2] - The reduction in tax rates for core components of electric vehicles will accelerate the green transition of transportation in Cambodia and attract more investments in the new energy sector [2]

12月24日，A股市场整体上涨。 截至收盘，上证指数收报3940.95点，上涨0.53%，深证成指收报13486.42点，上涨0.88%，创业板指收 报3229.58点，上涨0.77%，北证50指数上涨0.39%。A股市场合计成交18973.81亿元，较上一交易日减少 241.46亿元。 1.A股市场全天主力资金净流入3.81亿元 | | 各板块最近五个交易日主力资金净流入数据(亿元) | | | | --- | --- | --- | --- | | 日期 | 沪深300 | 创业板 | 科创板 | | 2025-12-24 | -32.72 | 5.12 | -14. 48 | | 2025-12-23 | -76.96 | -89.34 | -15. 25 | | 2025-12-22 | 28. 91 | 20. 31 | -12. 07 | | 2025-12-19 | 9.88 | -38. 81 | 9.25 | | 2025-12-18 | -152.56 | -101. 40 | -7.88 | | | | 尾盘资金净流入数据(亿元) | | | 2025-12-24 | 4. 00 | 3 ...

Investment Rating - The report initiates coverage with a "Buy" rating for the company [1][18] Core Insights - The company is a pioneer in AGI technology commercialization, with rapid deployment of AI solutions in daily life and healthcare sectors. The AI solutions and medical markets are experiencing fast growth [2][10] - The company is expected to achieve revenues of RMB 12.68 billion, RMB 19.43 billion, and RMB 26.59 billion for the years 2025 to 2027, representing year-on-year growth rates of 35%, 53%, and 37% respectively. The net profit attributable to the parent company is projected to be -RMB 2.45 billion, -RMB 1.35 billion, and -RMB 1.04 billion for the same years, with growth rates of 46%, 45%, and 23% respectively [10][18] Financial Summary - Total revenue is projected to grow from RMB 727.32 million in 2023 to RMB 2,659.25 million by 2027, with annual growth rates of 21.1%, 29.1%, 35.0%, 53.2%, and 36.9% [4][10] - Gross profit is expected to increase from RMB 294.51 million in 2023 to RMB 1,069.12 million in 2027 [4] - The company’s net profit is forecasted to improve from -RMB 375.46 million in 2023 to -RMB 103.67 million in 2027 [4] Market Position - The company ranks fourth in the Chinese AI solutions market, with a market size of RMB 1,804 billion in 2024 and a compound annual growth rate (CAGR) of 33.7% expected until 2030 [10] - In the daily life AI solutions market, the company holds the third position, while in the medical AI market, it ranks fourth [10] Business Segmentation - Revenue from daily life solutions is projected to grow significantly, with expected revenues of RMB 622.53 million in 2024, RMB 819.79 million in 2025, and RMB 1,250.88 million in 2026 [13] - The AI medical segment is anticipated to generate revenues of RMB 199.18 million in 2024, RMB 279.33 million in 2025, and RMB 445.58 million in 2026, with growth rates of 34.36%, 40.24%, and 59.52% respectively [13][14] Valuation - The report employs two valuation methods, resulting in a target price of HKD 451.33 based on a cautious approach [18] - The PS valuation method indicates a reasonable valuation of HKD 451.33, while the PSG method suggests a higher valuation of HKD 527.62 [17][18]

市场今日震荡上行，科技成长股多数上涨，卫星互联网、商业航天概念高开高走，PCB、HBM、覆铜板等概念午后拉升。指数层面，国证成长100指数上涨 2.1%，国证自由现金流指数上涨0.4%，国证价值100指数下跌0.1%。 国证成长100指数聚焦A股成长风格突出的股票，紧扣经济转型脉搏，当前指数超七成权重集中于电子、通信、计算机板块，精准卡位AI算力核心环节，结 构锐度突出。成长ETF（159259）是市场唯一跟踪该指数的产品，可助力投资者把握成长风格投资机遇。 每日经济新闻 ...

以最新收盘价计算，科创板平均股价为42.60元，其中股价超100元的有81只，股价最高的是寒武纪-U。 证券时报·数据宝统计显示，科创板股今日上涨的有507只，下跌的有90只，以收盘价为基准测算，科创 板平均股价为42.60元，其中，收盘价超过100元的有81只，股价在50元至100元之间的有135只，股价在 30元至50元的有143只。 科创板股中，收盘价最高的是寒武纪-U，今日报收1326.20元，下跌0.74%，其次是源杰科技、摩尔线 程-U等，最新收盘价分别为645.55元、634.01元。 融资融券方面，百元股最新（12月23日）融资余额合计1054.95亿元，融资余额居前的有寒武纪-U、中 芯国际、海光信息等，最新融资余额分别为155.37亿元、130.23亿元、73.90亿元。最新融券余额合计为 4.61亿元，融券余额居前的有海光信息、寒武纪-U、中芯国际等，最新融券余额分别为0.35亿元、0.31 亿元、0.26亿元。（数据宝） 科创板百元股一览 | 代码 | 简称 | 最新收盘价（元） | 今日涨跌（%） | 换手率（%） | 行业 | | --- | --- | --- | --- | - ...

Group 1 - The article discusses various ETFs tracking the Sci-Tech Innovation Board indices, highlighting their focus on high-growth sectors such as semiconductors, medical devices, and software development [2][3] - The Sci-Tech 50 ETF tracks the top 50 stocks by market capitalization and liquidity on the Sci-Tech Innovation Board, with over 65% of its composition in semiconductors and nearly 80% in related sectors [2] - The rolling price-to-earnings (P/E) ratio for the Sci-Tech 50 ETF is reported at 160.0 times, indicating a high valuation level since its inception [2] Group 2 - The Sci-Tech 100 ETF focuses on 100 medium-sized stocks with good liquidity, primarily in the electronics, biomedicine, and electrical equipment sectors, which together account for over 80% of the index [2] - The rolling P/E ratio for the Sci-Tech 100 ETF is noted at 187.8 times, reflecting its valuation dynamics [2] - The Sci-Tech Comprehensive Index ETF covers all market securities on the Sci-Tech Innovation Board, focusing on core industries like artificial intelligence and new energy, with a rolling P/E ratio of 206.9 times [2] Group 3 - The Sci-Tech Growth 50 ETF tracks 50 stocks with high growth rates in revenue and net profit, with nearly 75% of its composition in the electronics and biomedicine sectors [3] - The rolling P/E ratio for the Sci-Tech Growth 50 ETF is reported at 192.0 times, indicating its growth-oriented investment strategy [3] - The article mentions that the management fee for these low-fee products is 0.15% per year, and the custody fee is 0.05% per year [3]

Investment Rating - The report does not explicitly state an investment rating for the industry or specific companies [27]. Core Insights - The North Exchange A-shares trading volume reached 21.69 billion yuan on December 23, 2025, an increase of 1.215 billion yuan from the previous trading day, with the North Exchange 50 index closing at 1439.94, down 0.64% [2][9]. - The North Exchange specialized and innovative index closed at 2413.60, down 1.05% [2][9]. - Among 286 companies listed on the North Exchange, 33 saw an increase in stock price, while 253 experienced a decline [2][17]. - The report highlights that the hard technology sector, including semiconductors and AI computing, was the main focus of A-share trading, but this did not effectively transmit to the North Exchange [4]. Summary by Sections Market Review - On December 23, the North Exchange A-shares trading volume was 21.69 billion yuan, with a PE_TTM of 60.37 times [9][15]. - The North Exchange 50 index decreased by 0.64%, while the specialized and innovative index fell by 1.05% [2][9]. Stock Performance - The top five gainers included: - Rongyi Precision (up 8.9%) - Hongxi Technology (up 7.9%) - Shuguang Digital Innovation (up 6.8%) - Tonghui Electronics (up 6.5%) - Tianhong Lithium Battery (up 6.4%) [2][17]. - The top five losers were: - Hanxin Technology (down 14.9%) - Xingchen Technology (down 13.3%) - *ST Guandao (down 12.1%) - Tianye Co. (down 11.7%) - Ruixing Co. (down 9.1%) [2][17]. Important News - Beijing issued the first batch of L3 level special license plates for autonomous driving vehicles on highways, allowing dynamic driving tasks under certain conditions [3][20]. - The National Development and Reform Commission and the National Energy Administration aim for a total installed capacity of 15 million kilowatts for solar thermal power by 2030, with costs comparable to coal power [3][20]. Company Announcements - Changjiang Energy Technology plans to use up to 100 million yuan of temporarily idle raised funds to purchase safe and liquid investment products [21]. - Meideng Technology announced the use of 10 million yuan of idle self-owned funds for cash management [21][24].

12月24日午后，A股三大指数涨幅扩大。科创50ETF（588000）午后涨幅扩大至1%。盘面上，存储走 强。天岳先进上涨7.40%，恒玄科技上涨6.58%，佰维存储上涨3.45%，芯原股份、生益电子等涨超 3%；截至发文，科创50ETF（588000）成交额达22.38亿元。 消息面上，全球存储市场进入近五年来最剧烈价格上行周期，DRAM现货价格在短短两个月内飙升超过 260%，NAND闪存现货价格自2025年年初以来上涨超过50%，引发市场对存储企业盈利增长的乐观预 期；此外，AI数据中心和云硬件需求激增导致内存供应紧张，戴尔、惠普等全球头部 PC 厂商库存囤积 量比平时高出约50%，并与三星电子、SK海力士、美光等存储制造商达成供货保障协议，进一步加剧 市场供需紧平衡。 科创50ETF（588000）追踪科创50指数，指数持仓电子行业69.39%，计算机行业4.88%，合计74.27%， 与当前人工智能、机器人等前沿产业的发展方向高度契合。同时涉及医疗器械、软件开发、光伏设备等 多个细分领域，硬科技含量高，看好中国硬科技长期发展前景的投资者建议持续关注。 展望后市，大同证券指出，本轮存储的涨价趋势展现出 ...