1月5日晚间，天普股份（605255.SH）收到上海证券交易所下发的监管警示函，公司因利用子公司经营 范围炒作"人工智能"热点概念、信息披露不准确不完整，被予以监管警示，时任董事（代行董事长）沈 伟益、董秘吴萍燕同步被追责。 这一监管处罚，让此前凭借股价暴涨16倍成为市场焦点的天普股份，再度陷入舆论漩涡。 监管警示函还原了事件全貌。经查，天普股份于2025年12月26日完成全资子公司杭州天普欣才科技有限 公司的工商设立登记，其经营范围明确包含集成电路芯片设计及服务、人工智能理论与算法软件开发等 热点相关业务。 这一信息被媒体报道后引发市场广泛讨论，而彼时天普股份正处于控制权变更的关键期，收购方中昊芯 英本身为人工智能相关市场主体，公司股价已多次触及异常波动。 在市场出现相关传闻、股价连续两个交易日涨停触及异常波动标准后，天普股份于2025年12月30日、31 日先后披露异常波动公告及停牌核查公告，均声称"无开展人工智能相关业务的计划"，却未提及子公司 设立及经营范围变更的关键信息。 在此背景下，公司于2025年8月启动控制权变更事宜，中昊芯英等主体通过增资及协议转让方式，最终 合计控制公司68.29%的股份， ...

投资有风险，申购需谨慎。 （原标题：证监会召开重要座谈会；两只新股，今日申购……盘前重要消息一览） 1月6日（周二）申购提示 新股方面，至信股份申购代码732352，发行价21.88元/股，申购上限1.8万股。科马材料申购代码920086，发行价11.66元/股，申购上限94.14万 股。 重要的消息有哪些 6．近日，中共广东省委办公厅、广东省人民政府办公厅发布关于以高水平开放推动数字贸易和服务贸易高质量发展的实施意见，其中提出，提升 数字服务出口基地能级。支持广州、深圳创建国家服务贸易创新发展示范区、数字贸易示范区，在跨境服务贸易市场准入、完善跨境服务贸易全 链条监管、建立风险管理和监测预警机制等方面加大探索力度。支持广州天河中央商务区建设数据要素集聚发展区、广州开发区数字服务出口基 地建设数字贸易公共服务平台、广州琶洲人工智能与数字经济试验区开展人工智能大模型示范应用。建设东莞松山湖数字贸易港，发展信息技术 外包、知识流程外包，打造人工智能大模型中心、开发者村，推动数字运动健康产业创新应用。支持横琴加快建设数字贸易国际枢纽港，发展创 作者经济，探索建立数据元宇宙等产品确权出海平台。 这些公司新闻不能错过 ...

•周一（当地时间2026年1月6日），美股主要股指全线收高，在金融股强劲上涨的带动下，道琼斯指数 创下历史新高，截至收盘，道指涨594.79点，涨幅为1.23%，报48977.18点；纳指涨160.19点，涨幅为 0.69%，报23395.82点；标普500指数涨43.58点，涨幅为0.64%，报6902.05点。 【隔夜行情】 •周一（2026年1月5日），A股市场三大指数集体收涨，截至收盘，沪指报4023.42点，涨1.38%；深证成 指报13828.63点，涨2.24%；创业板指报3294.55点，涨2.85%。总体来看，个股涨多跌少，上涨个股超 4100只。沪深两市全天成交额2.55万亿元，较上个交易日放量5000亿元。 •周一（2026年1月5日），港股三大指数冲高回落，盘中均一度录得下跌，恒指及恒科指数尾盘翻红。 截止收盘，恒生指数涨0.03%或8.77点，报26347.24点，全日成交额为2834.62亿港元；恒生国企指数跌 0.22%，报9148.47点；恒生科技指数涨0.09%，报5741.63点。 【重要新闻】 【今日新股】 【上交所对天普股份及有关责任人予以监管警示】1月5日，上交所对天 ...

新股方面，至信股份申购代码732352，发行价21.88元/股，申购上限1.8万股。科马材料申购代码920086，发行价11.66元/ 股，申购上限94.14万股。 1月6日（周二）申购提示 投资有风险，申购需谨慎。 重要的消息有哪些 1．1月5日，中国证监会召开资本市场财务造假综合惩防体系跨部门工作推进座谈会。会议指出，党中央国务院高度重视资本市场稳定健康 发展，要充分认识财务造假背后的利益驱动和长期性复杂性，进一步坚定信心，强化监管合力，继续共同扛起打击和防范资本市场财务造假 的政治责任。证监会将继续主动积极会同各部门以更实的举措持续增强综合惩防效率效果，不断推动提升上市公司质量和投资价值，有效保 护投资者合法权益，全力护航资本市场高质量发展，为中国式现代化贡献力量。 2．中国人民银行发布2025年12月中央银行各项工具流动性投放情况，2025年12月，央行通过中期借贷便利（MLF）净投放1000亿元。 3．1月5日，商务部等9部门联合印发了《关于实施绿色消费推进行动的通知》，从丰富绿色产品供给、提升绿色服务消费、创新绿色消费 模式、推动绿色循环回收、优化绿色消费环境、夯实绿色消费基础、加大政策支持力度等 ...

Group 1 - The article discusses the IPO of two companies, including their issuance prices, market capitalizations, and industry comparisons [1][2][3] - The first company, ZhiXin Co., has an issuance price of 21.88 yuan, a total market value of 37.20 billion, and an issuance P/E ratio of 26.85 [2][3] - ZhiXin Co. is a major supplier for leading automotive brands such as Chang'an, Geely, and BYD, with a complete industrial chain and a significant market share in its core products [3] Group 2 - The second company, KeMa Materials, has an issuance price of 11.66 yuan and an industry P/E ratio of 14.2 [4] - KeMa Materials ranks second in the domestic dry friction plate market and has a comprehensive product range with over 8,000 models [4] - The company plans to use the raised funds for upgrading its environmentally friendly clutch friction materials technology [4] Group 3 - Another company mentioned, with an issuance price of 80.44 yuan and a total market value of 62.21 billion, focuses on tourism and cultural performances in Shaanxi province [7] - This company is recognized as a leading tourism destination operator and has a strong connection with local cultural heritage [7] - The controlling shareholder is Shaanxi Tourism Group, marking it as the first company to go public in A-shares in five years [7]

来源：兴证策略 拥挤度是兴证策略团队独家构建的反映热门赛道交易情绪的重要指标，由量能、价格、资金、分析师预测四大维度、七大指标合成而来，量化跟踪市场情 绪变化，对于股价短期走势有较强指示意义。 资料来源：Wind，兴业证券经济与金融研究院整理 注：时间范围为2025/12/29-2025/12/31 资料来源：Wind，兴业证券经济与金融研究院整理 注：时间范围为2025/12/5-2025/12/31 整体来看， 前期市场呈现由部分主题引领上涨的格局，赚钱效应集中在少数板块，因此当前虽然部分主题驱动的板块拥挤度已至高位，而大多数板块拥 挤度仍在中等或偏低水平，仍有较多机会可挖。 一、TMT 1、光模块：拥挤度中等偏高 资料来源：Wind，兴业证券经济与金融研究院整理 2、服务器：拥挤度水平中等偏低 资料来源：Wind，兴业证券经济与金融研究院整理 3、基站：拥挤度水平中等偏高 4、光纤光缆：拥挤度水平较高 资料来源：Wind，兴业证券经济与金融研究院整理 5、IDC：拥挤度水平中等 资料来源：Wind，兴业证券经济与金融研究院整理 6、计算机设备：拥挤度水平中等偏高 资料来源：Wind，兴业证券经济与金融研 ...

2025年9月28日，经张湾区检察院提起公诉，陈某因犯销售假冒注册商标的商品罪、假冒注册商标罪、 骗取出口退税罪被法院判处有期徒刑五年三个月，并处罚金135万余元；其余13名被告人分别因犯销售 假冒注册商标的商品罪、假冒注册商标罪、销售非法制造的注册商标标识罪，被判处有期徒刑三年至六 个月不等，适用缓刑，各并处罚金14万元至7000元不等。 张湾区检察院在办案中同步开展违规异地执法和趋利性执法司法专项监督，发现公安机关超范围、超数 额扣押企业46万余元财物，对企业正常生产经营造成影响。为此，该院依法发出《纠正违法通知书》， 督促退还相关财物，切实保障企业合法权益。 本报讯（全媒体记者蒋长顺 通讯员鲍欢）"对自主研发的新技术、产品设计，还有平时打造的商标品 牌，一定得抓紧去申请专利、注册好商标……"2025年12月2日，湖北省十堰市张湾区检察院联合湖北汽 车工业学院知识产权学院，走进十堰市高端智能装备产业孵化园，为企业负责人送上《企业知识产权保 护提示函》，并结合办理的一起案件以案释法。 陈某是某汽车零部件企业负责人，该企业一直从事汽车零部件出口贸易。2019年初，因企业经营陷入困 境，他从非正规渠道购入无标识 ...

Group 1: Market Trends and Developments - The A-share market experienced a strong opening on the first trading day of 2026, with the Shanghai Composite Index returning to the 4000-point mark after a 12-day consecutive rise, marking the longest streak since March 1992 [3] - The total trading volume in the Shanghai, Shenzhen, and North markets reached 2.57 trillion yuan, significantly increasing by over 500 billion yuan compared to the previous trading day, indicating a robust market sentiment [3] - A report from Industrial Securities suggests that the factors supporting the market's previous "excitement" are likely to continue, with expectations for a spring market rally as liquidity improves and institutional risk appetite increases post-year-end performance assessments [3] Group 2: Industry Insights - The brain-computer interface (BCI) technology in China has made significant breakthroughs, with the first clinical trial of a fully implanted, wireless BCI system successfully completed, indicating China's advancement in this field [5] - The global BCI market is projected to grow to approximately $12.4 billion by 2034, with a compound annual growth rate (CAGR) of 17% from 2025 to 2034, driven by technological breakthroughs and policy support [5] - The commercial rocket company under China Aerospace Science and Technology Corporation has increased its registered capital from 1 billion yuan to 1.396 billion yuan, reflecting a 77.6% increase, which supports the rapid development of the commercial space industry in China [6] Group 3: Company News - Defu Technology's subsidiary signed a cooperation agreement to supply high-end electronic circuit copper foil products for 2026 [7] - ST Renfu's subsidiary received approval for clinical trials of a new drug for late-stage solid tumors, marking a significant development in the pharmaceutical sector [7] - Chifeng Gold expects a net profit of 3 billion to 3.2 billion yuan for 2025, representing an increase of approximately 70% to 81% compared to the previous year [7]

Core Insights - The article discusses how Junsheng Electronics leverages capital and strategic planning to achieve high-quality development and competitive advantages in the global automotive parts industry amid the trends of electrification and smart technology [1]. Group 1: Company Growth and Strategy - Junsheng Electronics has experienced significant growth over the past two decades, closely linked to a series of key international acquisitions, including the purchase of German company Preh and American KSS [3]. - The company follows a "dual-wheel drive" strategy, emphasizing manufacturing as the primary focus while utilizing capital markets as a supplementary tool for technological advancement and market breakthroughs [3]. - The company's recent financial performance reflects this strategy, with a reported revenue of 45.844 billion yuan for the first three quarters of 2025, marking an 11.45% year-on-year increase, and a net profit of 1.12 billion yuan, up 18.98% [5]. Group 2: Competitive Position and Market Trends - Junsheng Electronics is now the second-largest global supplier of automotive safety systems, with strong competitiveness in smart driving, smart cockpit, and new energy management sectors [6]. - The company’s strategic acquisitions have allowed it to embed itself within the global supply chain, enhancing its product lines and technological capabilities [6]. - The company is focusing on the emerging robotics sector, viewing it as a natural extension of its existing technology in automotive electronics and safety [8]. Group 3: Future Investments and Innovations - Junsheng Electronics has initiated research in robotics three years ago, aiming to leverage its existing technology in sensor, control algorithms, and precision drives to develop industrial robots [9]. - The company is prioritizing industrial robots that can efficiently operate in complex manufacturing environments, with a goal to solve the "last mile" application issues within three years [9]. - R&D investment remains strong, with 2.558 billion yuan allocated in the first three quarters of 2025, supporting ongoing innovation across various sectors, including robotics [9]. Group 4: Regional Insights and Support - The company acknowledges the supportive business environment in Ningbo, which is characterized by a complete industrial chain focused on high-end manufacturing [10]. - Local government and financial institutions have played a crucial role in supporting the company through significant acquisitions and transformations [10]. - The chairman emphasizes the need for Ningbo to optimize talent attraction and innovation mechanisms to sustain the growth of the manufacturing sector [10]. Group 5: Long-term Vision and Industry Perspective - The chairman attributes the company's success to a combination of strategic foresight and continuous innovation, stressing the importance of long-term planning in the manufacturing sector [11]. - The company’s evolution from automotive components to automotive electronics and now to robotics illustrates its proactive approach to industry changes [11]. - Junsheng Electronics serves as a case study for the broader Chinese manufacturing sector navigating globalization and technological advancements [11].

Group 1 - The company issued a clarification regarding recent rumors that have caused market confusion, stating that its core business is progressing as planned without any abnormal situations affecting operations [2] - Reports indicated that OpenAI's first AI hardware product, initially planned to be manufactured by the company, has been shifted to Foxconn due to production location considerations, raising concerns about the company's competitiveness in the AI hardware sector [3] - The company emphasized its capabilities in high-end consumer electronics and smart terminal fields, highlighting its vertical integration of multiple component categories and a global production layout to provide stable and high-quality manufacturing support [4] Group 2 - The company has completed the acquisition of German company Leoni, aiming to enhance its global production capacity and target a position among the top ten global automotive parts suppliers [4] - The automotive segment focuses on core components such as wiring harnesses and connectors, with plans to expand into system-level products like smart cockpits and smart chassis [4] - The company reserves the right to pursue legal action against any individuals or entities spreading false information or damaging its reputation [4]