今日各行业表现（截至上午10:28） （文章来源：证券时报网） 证券时报·数据宝统计，截至上午10:28，今日沪指跌0.14%，A股成交量539.74亿股，成交金额7748.81亿 元，比上一个交易日减少5.87%。个股方面，1222只个股上涨，其中涨停29只，4087只个股下跌，其中 跌停8只。从申万行业来看，家用电器、有色金属、煤炭等涨幅最大，涨幅分别为0.72%、0.70%、 0.47%；传媒、计算机、国防军工等跌幅最大，跌幅分别为2.29%、1.68%、1.54%。（数据宝） | 综合 | | | | 三木集团 | | | --- | --- | --- | --- | --- | --- | | 国防军工 | -1.54 | 382.92 | -8.97 | 航天环宇 | -6.62 | | 计算机 | -1.68 | 534.12 | -0.78 | *ST立方 | -20.07 | | 传媒 | -2.29 | 279.04 | -10.83 | 福石控股 | -10.85 | | 申万行业 | 行业涨跌（%） | 成交额（亿元） | 比上日（%） | 领涨（跌）股 | 涨跌幅（%） | | - ...

Core Insights - The report by the Stockholm International Peace Research Institute (SIPRI) highlights that Japanese defense companies, including Mitsubishi Heavy Industries and Kawasaki Heavy Industries, saw a significant sales increase of 40% in 2024, the highest among major countries [2][4] - The overall sales of the top 100 global defense companies reached a record high of $679 billion, with 77 out of 100 companies reporting sales growth [4][6] - In contrast, Chinese defense companies experienced a 10% decline in sales, with 6 out of 8 companies on the list reporting a decrease [6] Group 1 - Japanese defense companies' total sales amounted to $13.3 billion in 2024, with Mitsubishi Heavy Industries ranking 32nd with sales of $5.03 billion, a 37% increase from the previous year [2] - The increase in Japanese defense sales is attributed to heightened regional tensions, leading to increased orders for Aegis-equipped ships, fighter jets, and missile systems [4] - The growth rates of the five Japanese companies on the list ranged from 25% to 87%, all achieving double-digit growth [2] Group 2 - The United States had 39 companies in the top 100, with total sales of $334 billion, nearly half of the total sales of the top 100 companies, marking a 3.8% increase from 2023 [6] - Germany's defense sales increased by 36%, driven by rising orders for ammunition and equipment from Ukraine, totaling $14.9 billion [6] - European defense companies overall saw a 13% increase in sales, influenced by military aid to Ukraine [6]

Summary of Key Points Core Viewpoint - As of December 2, the market's latest financing balance reached 24,689.03 billion yuan, showing a day-on-day increase of 21.94 billion yuan, with 16 industries experiencing an increase in financing balance, particularly the automotive sector which saw the largest increase of 9.53 billion yuan [1]. Industry Analysis - **Industries with Increased Financing Balance**: - Automotive: 1,191.25 billion yuan, increased by 9.53 billion yuan, growth of 0.81% [1] - Communication: 1,135.14 billion yuan, increased by 6.03 billion yuan, growth of 0.53% [1] - National Defense and Military Industry: 818.49 billion yuan, increased by 5.98 billion yuan, growth of 0.74% [1] - Computer: 1,789.87 billion yuan, increased by 3.90 billion yuan, growth of 0.22% [1] - Environmental Protection: 192.18 billion yuan, increased by 1.79 billion yuan, growth of 0.94% [1] - **Industries with Decreased Financing Balance**: - Non-banking Financial: 1,859.55 billion yuan, decreased by 3.55 billion yuan, decline of 0.19% [2] - Public Utilities: 516.79 billion yuan, decreased by 3.55 billion yuan, decline of 0.68% [2] - Retail: 271.60 billion yuan, decreased by 2.15 billion yuan, decline of 0.79% [2] - Textile and Apparel: 80.87 billion yuan, decreased by 0.64 billion yuan, decline of 0.79% [2] - **Highest Growth Rates**: - Environmental Protection industry had the highest growth rate at 0.94% [1] - Other notable growth rates include Automotive (0.81%), Coal (0.77%), and National Defense and Military Industry (0.74%) [1] - **Significant Declines**: - The Textile and Apparel, Retail, and Public Utilities sectors experienced the most significant declines in financing balance, with respective decreases of 0.79%, 0.79%, and 0.68% [1][2]

个股方面，12月2日，有1844只个股获融资净买入，净买入金额在3000万元以上的有139股。其中，22股 获融资净买入额超1亿元。新易盛获融资净买入额居首，净买入5.88亿元；融资净买入金额居前的还有 领益智造、生益电子、胜宏科技、宁德时代、贵州茅台、招商轮船、航天发展、佰维存储等股。 Wind统计显示，12月2日，申万31个一级行业中有16个行业获融资净买入，其中，汽车行业获融资净买 入额居首，当日净买入9.53亿元；获融资净买入居前的行业还有通信、国防军工、计算机、机械设备、 医药生物等。 ...

同花顺（300033）数据显示，截至12月2日，年内A股上市公司披露4290单并购项目，为去年同期的1.78 倍。 深圳市前海排排网基金销售有限责任公司研究员隋东告诉《证券日报》记者，并购市场活跃是政策、产 业与资本三重因素共同作用的结果。政策层面，多部委及地方积极鼓励围绕主业与新兴产业的并购，通 过简化程序、降低融资门槛及推动央企优质资源注入，为并购创造了有利环境。企业层面，无论是传统 企业突破增长瓶颈，还是科技企业补强研发短板，均将并购作为整合产业链、获取新技术、布局新赛道 以培育新增长点的关键手段。资本层面，各地产业并购基金的设立，以及现金收购、发行股份等灵活的 交易方式为并购提供了坚实的资金支持与资本结构优化方案，共同助推企业实现外延式增长。 并购火热的背后，一些新的特征已经显现。"活跃度显著提升；产业链纵向整合成为主流，企业更多地 通过并购补齐技术短板、贯通供应链或拓展新市场；市场对'硬科技'领域未盈利资产的包容度提升，支 付工具与业绩承诺也更趋灵活。"珠海黑崎资本投资管理合伙企业(有限合伙)首席战略官陈兴文告诉 《证券日报》记者，2025年并购市场呈现出诸多新变化。 在陈兴文看来，今年的并购市场出 ...

（文章来源：证券日报） 证券日报网讯 12月2日晚间，天秦装备发布公告称，截至2025年11月30日，公司尚未减持回购股份，目 前用于出售的回购股份余额为1，541，300股，占公司目前总股本的0.97%。 ...

依据相关法律法规，符合于2023年4月26日-2023年12月20日（含当日）期间买入，并在2023年12月21日 之后卖出或仍持有而亏损的即可参与维权。（中船应急维权入口） 一份份行政处罚决定书背后，是监管层对信息披露违法行为"零容忍"的态度，也是A股市场法治化进程 中不可或缺的注脚。 二、年报存在虚假记载 至于该公司的违规事实，主要为中船应急2022年年报披露财务报表存在收入确认和坏账计提不准确的会 计差错。 一是对部分产品提前确认收入，导致营业收入多计3137.24万元，营业成本多计1839.09万元，利润总额 多计1298.15万元。 登录新浪财经APP 搜索【信披】查看更多考评等级 一、部分案件递交立案 回溯此案，9月16日，ST应急（维权）（中船应急）发布公告称，公司及相关当事人收到中国证监会湖 北监管局下发的《行政处罚决定书》。 上海沪紫律师事务所刘鹏律师团队代理的数百位投资者索赔案件也已陆续递交立案，等待法院审理中， 目前还可加入。（刘鹏律师专栏） 二是对部分应收债权坏账计提方法、账龄分类错误，导致多计提坏账准备584.12万元，利润总额少计 584.12万元。 两项综合导致2022年营业收入 ...

每经头条（nbdtoutiao）——股民发帖求主力拉涨停，次日竟成真！襄阳轴承涨停迷局背后：平台审核 漏洞与市场操纵疑云发酵 每经AI快讯，新余国科12月2日晚间发布公告称，公司第四届第十一次董事会会议于2025年12月2日在 新余市仙女湖区观巢镇松山江村新余国科办公楼三楼会议室召开。会议审议了《关于聘任公司副总经理 的议案》等文件。 （记者 曾健辉） ...

再创收盘历史新高 贵金属方面，市场对美联储本月降息预期升温的同时，也更加看好"鸽派"的白宫国家经济委员会主任哈 西特被提名为下任美联储主席的前景。外界预计，一旦哈西特出任美联储主席，美联储将在明年继续推 进宽松货币政策，国际金价周一上涨，并升至六周来的高位。截至收盘，纽约商品交易所明年2月交割 的黄金期价收于每盎司4274.8美元，涨幅为0.47%。 12月1日白银期价上涨 来源：南国今报 当地时间周一（12月1日），市场对美联储12月降息的预期仍在升温，同时，随着美日利息差收窄，大 量套息交易资金逐步平仓日本海外头寸，加剧全球风险资产价格下跌风险。此外，周一公布的最新数据 显示，美国11月供应管理协会制造业采购经理人指数（PMI）为48.2，低于预期，并连续第9个月陷入萎 缩区间，令市场谨慎看待美国经济基本面，投资者情绪受到打压，美国三大股指周一集体收跌。截至收 盘，道指跌0.90%，标普500指数跌0.53%，纳指跌0.38%。 12月1日国际金价升至六周来高位 此外，白银期价周一延续上周涨势，并再创收盘历史新高。截至收盘，纽约商品交易所明年3月交割的 白银期价收于每盎司59.142美元，涨幅为3.46% ...

Core Viewpoint - The market has experienced a rebound after a significant decline, but the adjustment in technology growth stocks regarding cost-effectiveness issues is still ongoing, with the adjustment magnitude having surpassed half but the time insufficient for a complete recovery [2][3]. Group 1: Market Analysis - The current market is within the "two-phase bull market" framework, with the first phase at a high level. The AI industry chain is experiencing a trend that has not yet concluded, leading to a situation where the cost-effectiveness of mid and small-cap stocks is temporarily insufficient [2][3]. - Historical experience suggests that when technology adjustments approach the bull-bear boundary, it may indicate a mid-term bottom area. However, the challenge lies in waiting for industrial catalysts and performance validation to digest valuations [2][3]. - The adjustment in technology growth stocks has reached over half of its potential, but the time required for a complete adjustment remains a challenge. A significant recovery in long-term cost-effectiveness may signal the resumption of an upward trend [2][3]. Group 2: Spring Market Outlook - The spring market is positioned as a potential rebound phase within the high-level adjustment of the bull market 1.0. The overall market adjustment pressure is limited, leaning towards this scenario [4]. - There are two potential scenarios for the spring market: it may either be a rebound within the high-level adjustment phase or a transition from the adjustment phase to a bottoming phase [4]. - The spring market is expected to see effective rebounds in offensive assets (technology and cyclical sectors), but upward breakthroughs may be challenging due to high supply growth and limited improvement in supply-demand dynamics [3][4]. Group 3: Investment Opportunities - The "policy bottom" may be validated earlier, and cyclical price increases could serve as the foundation for the spring market, with a focus on basic chemicals and industrial technology sectors [4]. - Technology stocks are likely to experience a general rebound as their adjustment magnitude reaches a critical point. Key areas to watch include innovative pharmaceuticals and national defense industries, as well as AI computing power, storage, energy storage, and robotics [4][6]. - The Hong Kong stock market continues to exhibit high beta characteristics, with the Hang Seng Technology index showing more substantial adjustments and potential for a more elastic rebound [4].