更多资料加入知识星球:水木调研纪要 关注公众号:水木纪要 蓝箭航天 IPO 获受理,银价走高 HJT 电池性价比提升 从 2022 年到 2023年,欧洲核心国家中,德国和英国相继退出了电动车补贴政策, 而法国则一直维持其生态补贴政策。2026年的最新变化是德国计划从本月开始 重启总额 30亿欧元的电动车补贴,每辆车大约可获得 4,000 欧元的购置奖励, 并纳入二手车补贴范围,设置 4.5万欧元的上限。这一政策倾向于低收入群体及 性价比车型,如大众 MEB Plus 平台的 ID 2 系列。 法国在 2025年的单车补贴为 争 匆 - 欧洲多国重启电动车购置补贴,如法国 2026年单车最高补贴可达 7,700 . 欧元（含欧盟本土电池奖励），英国通过 ZEV 目标和补贴（最高 3,750 英镑)激励市场,预计 2026年欧洲电动车市场总量或突破500万辆,同 比增长 28%。 法国电动车补贴政策倾向于低收入群体和性价比车型,并纳入二手车补贴 ● 范围,设置价格上限,旨在推动更广泛的电动车普及。 英国通过设定低排放车型(ZEV)渗透率目标,并对未达标制造商处以罚 ● 款,同时提供购车补贴,双管齐下推动电动车市 ...

2025年1至6月份，永和智控的营业收入构成为：工业占比89.41%，医疗服务业及其他占比10.57%，光 伏电池片占比0.02%。 截至发稿，永和智控市值为29亿元。 每经头条（nbdtoutiao）——海南封关首日直击：为中国探路，全球最大自贸港如何重塑开放边界？ （记者 贾运可） 每经AI快讯，永和智控（SZ 002795，收盘价：6.46元）12月19日晚间发布公告称，因公司董事会秘书 空缺，由董事长魏璞女士代行公司董事会秘书职责，公司董事长魏璞女士不再担任第五届董事会审计委 员会委员职务，公司董事会同意选举胡玄女士为公司第五届董事会审计委员会委员。 ...

此前报道： 两资产挂牌无人问津就再打折！永和智控"割肉求生" 永和智控12月17日晚间发布的关于公开挂牌转让普乐新能源科技(泰兴)有限公司51%股权及债权的进展公告。公司于2025年10月召开的董、监事会及临时 股东大会审议通过了《关于拟公开挂牌转让普乐新能源科技(泰兴)有限公司51%股权及债权的议案》，同意公司在产权交易所公开挂牌转让控股子公司普 乐新能源科技(泰兴)有限公司(以下简称"泰兴普乐")51%股权及公司对泰兴普乐的全部债权。 公告显示，前四次公开挂牌后，均无意向受让方报名参与投资。公司继续推进公开挂牌转让泰兴普乐51%股权及债权事项，根据董事会批准及授权，挂牌 价格在首次挂牌价格(3046万元)基础上，下调80%进行第五次挂牌，第五次挂牌转让底价为609.80万元。挂牌公告期为2025年12月17日起至2025年12月23 日止。 永和智控12月17日晚间还发布了关于公开挂牌转让昆明医科肿瘤医院有限公司100%股权的进展公告。公司于2025年11月18日召开的董、监事会审议通过 了《关于拟公开挂牌转让昆明医科肿瘤医院有限公司100%股权的议案》，同意公司在产权交易所公开挂牌转让全资孙公司昆明医科 ...

中来股份12月17日在互动平台表示，公司目前量产出货TOPCon高效电池，钙钛矿晶硅叠层电池属于公 司储备技术，处于研发阶段。 ...

证券日报网讯12月15日，中来股份（300393）在互动平台回答投资者提问时表示，公司子公司山西中来 光能电池科技有限公司建有16GWTOPCon高效电池产能，后续拟视自身实际与市场情况，在继续开展 TOPCon业务基础上将部分产线分步升级为BC产线。 ...

Market Overview - A-shares experienced a rebound on the first trading day of December, with the Shanghai Composite Index surpassing 3900 points, closing at 3914.01, up 0.65% with a trading volume of 785.7 billion [1] - The Shenzhen Component Index rose 1.25% to 13146.72, with a trading volume of 1088.3 billion, while the ChiNext Index increased by 1.31% to 3092.50, with a trading volume of 522.9 billion [1] - Total trading volume in the Shanghai and Shenzhen markets reached 1.87 trillion, an increase of 288.1 billion compared to the previous trading day [1] Sector Performance - The consumer electronics and non-ferrous metals sectors led the gains, while internet e-commerce, insurance, and battery sectors saw declines [2] - Notable stocks in the consumer electronics sector included ZTE Corporation and Broadcom Integration, with nearly 20 stocks hitting the daily limit [3] - The commercial aerospace concept continued to perform strongly, with Aerospace Development achieving 8 consecutive limit-ups [3] Institutional Insights - Jifeng Investment noted that December serves as both a summary period for the year and a window for next year's positioning, emphasizing the importance of identifying structural opportunities amidst market fluctuations [4] - Xingshi Investment highlighted reduced short-term uncertainties and potential for market recovery, suggesting a rotation among various assets, particularly those in low positions or aligned with industry trends [4] - Raipai Wealth projected a structural upward trend for A-shares, supported by domestic policies aimed at stabilizing growth and consumption, with a focus on technology and consumer sectors [5] Industry News - The price of photovoltaic cells continued to decline due to an imbalance in supply and demand, with November's market orders dropping significantly [6] - Beijing is planning to enhance the integration of artificial intelligence in government services, focusing on the development of large models and data management for improved digital governance [7][8]

Group 1 - The core point of the news is that major shareholders of Yonghe Intelligent Control plan to reduce their holdings of the company's shares within a specified timeframe, which may impact the stock price and investor sentiment [1] Group 2 - Mr. Xia Zuwang, a shareholder holding over 5% of Yonghe Intelligent Control, plans to reduce his holdings by up to approximately 13.37 million shares (not exceeding 3% of total share capital) from December 22, 2025, to March 21, 2026 [1] - Ms. Tan Mengwen, a director and senior executive holding 196,000 shares (0.44% of total share capital), intends to reduce her holdings by up to 490,000 shares (not exceeding 0.11% of total share capital) during the same period [1] - Ms. Liao Lina, another senior executive holding approximately 3.14 million shares (0.7% of total share capital), plans to reduce her holdings by up to approximately 780,000 shares (not exceeding 0.18% of total share capital) in the same timeframe [1] Group 3 - For the first half of 2025, Yonghe Intelligent Control's revenue composition is as follows: Industrial sector accounts for 89.41%, Medical services and others account for 10.57%, and Photovoltaic battery cells account for 0.02% [1] - The current market capitalization of Yonghe Intelligent Control is 2.8 billion yuan [2]

Core Viewpoint - Guosheng Technology, primarily engaged in photovoltaic cell business, announced the acquisition of 100% equity in Tongling Fuyue Technology Co., Ltd. for 241 million yuan, which represents a premium of over 10 times its net asset value [1] Group 1: Acquisition Details - The target company, Fuyue Technology, was established less than a year and a half ago and focuses on the production of lithium battery casing materials [1] - The acquisition has raised concerns regarding insider trading due to the significant increase in stock prices prior to the announcement [1] Group 2: Company Response - An insider from Fuyue Technology stated that the company successfully transitioned from the capacitor industry to the lithium battery casing business, accumulating several clients, including major new energy battery manufacturers like Dufluor [1] - The insider also mentioned that the company's business gross margin is considerable, reaching between 30% to 40% due to the strong growth momentum in the new energy vehicle sector [1]

Core Viewpoint - Yonghe Intelligent Control is facing significant challenges in asset divestiture and ongoing financial losses, indicating a deteriorating business situation and lack of investor interest in its assets [1][2][3]. Group 1: Asset Transfer Attempts - Yonghe Intelligent Control announced the public transfer of 51% equity in Taixing Pule and all debts owed by Taixing Pule, with an initial listing price of RMB 30.49 million, but failed to attract any interested buyers [1][3]. - Following the lack of interest, the company plans a second round of asset transfer at a reduced price of RMB 24.39 million, reflecting a 20% decrease from the initial price [1][3]. - The company's previous attempt to transfer shares held by its actual controller was also unsuccessful, as the buyer failed to make the required payment, rendering the agreement void [1][9]. Group 2: Financial Performance - Yonghe Intelligent Control has experienced a continuous decline in revenue since 2022, with reported revenues of RMB 9.90 billion, RMB 9.48 billion, and RMB 8.23 billion for the years 2022, 2023, and 2024 respectively, showing year-on-year declines of -1.86%, -4.19%, and -13.19% [2][7]. - The company reported net losses of RMB 261.87 million, RMB 1.56 billion, and RMB 2.97 billion for the same years, with losses increasing significantly year-on-year [2][7]. - For the first three quarters of 2025, Yonghe Intelligent Control reported revenues of RMB 5.82 billion, a decrease of 7.25% year-on-year, and a net loss of RMB 60.46 million, although this loss was less than the previous year's figure [8]. Group 3: Company Background and Business Operations - Yonghe Intelligent Control's main business includes water and heating valve fittings, tumor precision radiation treatment, and photovoltaic cell operations, with a focus on brass and copper products [7]. - The company acquired a 51% stake in Taixing Pule in late 2022 for RMB 31.22 million, aiming to enter the photovoltaic cell industry, but has since struggled with the performance of this investment [5][8]. - As of May 31, 2025, Taixing Pule reported a net asset value of -RMB 304 million and a debt of RMB 185 million, leading to a high debt-to-asset ratio of 211% [4].

Group 1 - The company Yonghe Zhikong plans to publicly transfer 100% equity of its wholly-owned subsidiary Kunming Medical Oncology Hospital to optimize its industrial structure and improve development quality [1] - As of the evaluation benchmark date of July 31, 2025, the audited net assets of Kunming Medical are valued at 32.45 million yuan, with the assessed total equity value at 35.93 million yuan [1] - The initial public transfer price for the 100% equity of Kunming Medical is set at no less than 35.93 million yuan based on the evaluation results [1] Group 2 - For the first half of 2025, Yonghe Zhikong's revenue composition is as follows: industrial sector accounts for 89.41%, medical services and others account for 10.57%, and photovoltaic cell segment accounts for 0.02% [1] - The company's market capitalization is reported to be 2.8 billion yuan [2]