【解剖大盘】 今天 A 股走势相当强悍，沪指突破 4100 点，收 4120.43 点；关键是成交额再度突破 3 万亿元，为 31523 亿元，这是 A 股历史上第六次成交额超 3 万亿元，上一次发生在 2025 年9 月18 日。港股要逊色 很多，全天涨幅震荡，收盘微涨 0.32%。 这是没有办法的事情，海外资金占据较大话语权的港股更多是走国际线路，海外的一举一动才是左右行 情的关键。 1 月 6 日，丹麦、法国、德国、意大利、波兰、西班牙和英国发表联合声明，强调格陵兰岛属于其人 民，只有丹麦和格陵兰岛才能决定自身事务。针对这个问题，美国政府想了新招：考虑向格陵兰岛居民 发放现金， 以促成其加入美国；美国官员讨论过人均发放 1 万至 10 万美元的方案，总额接近 60 亿美 元。如果嫌少估计还能加码，最终来个全民公投都同意，欧洲也没话说。这招属实厉害，花点小钱不费 一兵一卒，就把格陵兰岛收入囊中。关键是还控制了北极航道。后遗症也明显，北约成员怎么看？会不 会就此解体？ 另一边，"和平意志-2026 "海上联合演习将于 1 月上中旬在南非西蒙斯敦附近海空域举行，中国、俄罗 斯、南非等金砖成员国参演。这凸显了金 ...

英伟达首席执行官黄仁勋在 CES 展的新闻发布会上表示，2025 年 10 月英伟达曾预 测到 2026 年底，现有和未来数据中心芯片的收入将达到约 5000 亿美元。近期在 与人工智能提供商 Anthropic 等公司的合作，以及市场前景的改善，应该会提高 我们对这一数字的预期。同时黄仁勋表示，搭载下一代 Rubin 芯片的服务器机架 将可采用无需水冷机的温度进行冷却，其所需气流与搭载 Blackwell 芯片的机架 基本相当。总体看，英伟达上调了 2026 年关于 AI 营业收入的预期，不过由于 Rubin 芯片可不需要液冷，与前端时间市场一致认为 Rubin 芯片将全面液冷的预期不一 致，将下修液冷板块的景气度预期，不过整体上 AI 营收的超预期将继续提升市场 对 AI 产业链的高景气可持续的预期。 澎湃新闻 1 月 6 日报道，脑机接口"独角兽"强脑科技近期完成约 20 亿元融资，为 脑机接口领域除马斯克旗下 Neuralink 以外世界第二大规模融资。本轮投资的投 资人包括著名投资机构 IDG、由英特尔 CEO 陈立武创立的华登国际，"果链"巨头蓝 思科技、战略投资方韦尔股份、润泽科技、华住集团、好 ...

Core Viewpoint - The "2025 Securities Market Annual Conference" emphasized the importance of reform and innovation in the capital market, highlighting the role of technology in reshaping industry dynamics and driving high-quality development [1] Group 1: Technology Innovation - Technology innovation is now a "mandatory course" for companies, essential for survival and long-term development [2] - Dazhi Technology has shifted focus to the internet sector, enhancing data center operations through hardware, software, and ecological innovations, achieving a 40% reduction in labor costs and a 70% decrease in failure rates [2] - Ice Wheel Environment has established a research institute to focus on original innovations in temperature and pressure control, achieving breakthroughs in energy utilization aligned with carbon neutrality goals [3] - Huazi Industrial has transitioned from traditional to biotechnology, successfully launching projects in resistant dextrin and functional foods, and aims to build a deep processing platform for grains [3] Group 2: Ecological Collaboration - Companies are increasingly recognizing the need for collaborative ecosystems within the industry chain, moving away from isolated innovation [4] - Dazhi Technology integrates various computing resources to support sectors like telemedicine and autonomous driving, emphasizing the importance of an "AI+" ecosystem [4] - Saima Technology focuses on the automotive industry, leveraging AI to enhance its role in the automotive ecosystem, serving a wide range of clients from manufacturers to emerging enterprises [5] Group 3: AI Empowerment - Ice Wheel Environment is advancing its operations through an AI-driven digital platform, which is expected to redefine production relationships and value creation [7] - AI is seen as a catalyst for shortening product cycles and enhancing human creativity, leading to structural changes in investment markets [7] - Dazhi Technology plans to expand into Southeast Asian markets, aiming to leverage digital economic growth and validate its business model through international operations [8] - Huazi Industrial is also pursuing international expansion, utilizing AI to build platforms for raw materials, processing, and marketing, aligning with global consumer health trends [8]

12月26日，由《证券日报》社有限责任公司主办的"2025证券市场年会"在北京香格里拉饭店圆满落幕。 本次年会以"改革与创新资本市场新出发"为主题，汇聚行业协会负责人、经济学家、上市公司掌舵人及 金融机构高管等重磅嘉宾，共同擘画高质量发展新阶段下，资本市场深化改革的实施路径与创新发展的 未来蓝图。 站在"十四五"收官在即、"十五五"蓄势启程的历史交汇点，科技创新正以颠覆性力量重塑产业格局，驱 动新质生产力实现跨越式跃升。上市公司作为科技创新的"主力军"与"排头兵"，正通过提升生产效能、 重构商业模式、优化运营机制、重塑价值逻辑，为新质生产力的培育提供鲜活实践样本。 在"2025证券市场年会"上市公司分论坛的圆桌对话环节，大位科技董事长张微、冰轮环境董事长李增 群、华资实业董事长张志军、赛目科技董事长胡大林、浩瀚深度董事长张跃等五位企业家，以及圆桌主 持人中国社会科学院世界经济与政治研究所全球宏观经济研究室主任、九方智投首席经济学家肖立晟， 围绕技术创新驱动产业发展、产业链协同生态构建、AI赋能企业价值重构等核心议题展开深度研讨。 技术创新：企业发展的"必修课" 在新一轮科技革命与产业变革的浪潮下，技术创新已不 ...

天眼查App显示，近日，宿迁诚天机电科技有限公司成立，法定代表人为朱士权，注册资本50万人民 币，经营范围为一般项目：技术服务、技术开发、技术咨询、技术交流、技术转让、技术推广；制冷、 空调设备销售；气体压缩机械销售；润滑油销售；电子专用材料销售；金属材料销售；建筑装饰材料销 售；光伏设备及元器件销售；储能技术服务；工业互联网数据服务；物联网技术服务；物联网应用服 务；节能管理服务；环保咨询服务；信息技术咨询服务；软件开发；物联网设备销售；技术进出口；工 程管理服务；合同能源管理；普通机械设备安装服务；机械设备租赁；租赁服务（不含许可类租赁服 务）；货物进出口；石油制品销售（不含危险化学品）；互联网销售（除销售需要许可的商品）；五金 产品批发；五金产品零售；金属制品销售；电气设备修理；电子元器件与机电组件设备销售；电工器材 销售；机械电气设备销售；电子产品销售；日用电器修理；日用化学产品销售；食品用洗涤剂销售；专 业保洁、清洗、消毒服务；建筑物清洁服务（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）。 ...

Core Points - The 2025 National Refrigeration and Air Conditioning Industry Conference was held in Sanya, Hainan from November 18 to 21 [1] - The second batch of the "Energy-saving and Carbon-reduction Technology and Product Recommendation Directory for Refrigeration and Air Conditioning Applications" was officially released during the conference [1] - Following the inclusion of two products in the first batch, multiple technologies and products from Shenling Environment were recognized in this second batch, including the "Fully Prefabricated Assembly Smart Energy Station" technology and five other products [1] Company Summary - Shenling Environment's technologies and products received recognition in the second batch of the directory, indicating strong performance and innovation in the refrigeration and air conditioning sector [1] - The five products recognized include: 1. DC Inverter Heat Pump Unit 2. Integrated Evaporative Cooling (Heat Pump) Chiller 3. Air-cooled Screw Heat Pump Chiller 4. Air-cooled Heat Pump (Cooling/Heating) Chiller 5. Low Ambient Temperature Air Source Heat Pump Unit [1]

Core Insights - The 5th International Air Conditioning, Ventilation, Refrigeration, and Cold Chain Industry Exhibition opened in Hangzhou, showcasing advancements and innovations in the refrigeration and cold chain sectors [1][2] - The exhibition covered over 50,000 square meters with 607 exhibitors, including nearly 100 high-quality enterprises recognized as national high-tech, specialized, and hidden champions, representing 10% of total exhibitors [1] - The event serves as a key platform for demonstrating China's manufacturing strength and promoting global trade and technology exchange in the refrigeration industry [2] Company Innovations - Qingdao Jukan Cloud Technology presented unique products, including a high-physical simulation VR headset and a flame simulation welding gun, aimed at enhancing welding training efficiency and reducing costs [1] - Aoklai Environmental Technology introduced innovations in small cold storage, applying variable frequency technology to improve operational quality and allowing remote monitoring and adjustment via a mobile app [2] Industry Trends - The refrigeration and air conditioning industry is transitioning towards green and low-carbon practices under the "dual carbon" goals, with a focus on the integration of digital economy and AI technology to enhance efficiency [2] - Zhejiang Province is positioned as a significant base for China's refrigeration industry, actively converting opportunities into tangible industrial progress [2]

Core Viewpoint - Sanhua Intelligent Control has reportedly secured a large order from Tesla for humanoid robots, exceeding 5 billion yuan, leading to significant stock price increases for the company [1][3]. Company Summary - Sanhua Intelligent Control's A-shares reached a limit-up closing at 44.18 yuan per share, with a total market capitalization of 185.95 billion yuan, while its H-shares closed at 39.52 HKD, up 12.98%, with a market cap of 199.4 billion HKD [1]. - The company is a Tier 1 supplier for Tesla's new energy vehicles, primarily responsible for thermal management components [3]. - Although Sanhua has not officially confirmed its role as a supplier for Tesla's Optimus robot due to strict confidentiality agreements, it is believed to supply several core joint drive components for the robot [3]. - Sanhua has been expanding its business since its listing in 2005, and in April 2023, it signed a strategic cooperation agreement with leading domestic harmonic reducer manufacturer, Lide Harmonic [3]. Industry Summary - Analysts from Galaxy Securities noted that Sanhua is deeply integrated with Tesla and is a key supplier for the humanoid robot actuator assembly, with potential revenue growth as Tesla's robot production ramps up [4]. - Zhongtai Securities highlighted Sanhua's leadership in thermal management and its technology extension into refrigeration, automotive parts, and robotics, indicating a promising growth trajectory alongside Tesla [4]. - Concerns arose in the market regarding Sanhua's execution capabilities and product quality after comments from the chairman of a competing company suggested potential issues in supplying robot components [4]. - In October, the A-share robotics sector experienced a significant pullback, with Sanhua's stock down 8.78% despite the earlier surge [4]. - To support its stock price, Sanhua implemented a share buyback program, repurchasing 1,506,800 shares at prices ranging from 22.69 to 31.00 yuan, totaling approximately 35.97 million yuan [4].

Core Viewpoint - Iceberg Cold Chain (000530) reported a slight decline in revenue but a modest increase in net profit for the first half of 2025, indicating resilience in a competitive market environment [1] Financial Performance - In the first half of 2025, the company achieved operating revenue of 2.401 billion yuan, a year-on-year decrease of 2.52% [1] - The net profit attributable to shareholders was 79.5411 million yuan, reflecting a year-on-year increase of 1.29% [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was 74.1626 million yuan, showing a year-on-year growth of 10.12% [1] Industry Focus and Strategy - The company is focused on the cold and heat industry, developing key areas such as industrial refrigeration and heating, commercial freezing and refrigeration, air conditioning, and environmental services [1] - The company aims to expand its market presence in both domestic and international markets, primarily through self-operated sales complemented by channel sales [1] Market Conditions - The refrigeration and air conditioning industry benefits from rigid demands driven by food safety, energy security, consumption upgrades, energy conservation, and domestic substitution [1] - However, the industry faces challenges such as intensified market competition, difficulties in improving efficiency, and challenges in receivables collection [1] Business Development - The company is focusing on niche markets such as petrochemicals, cold chain logistics, and energy management, while actively expanding into new areas like energy storage and carbon capture [2] - The company’s subsidiaries are successfully securing high-profile projects, enhancing their core competitiveness and industry influence [2] Product Innovation - Subsidiaries are innovating in energy-saving technologies and expanding their product offerings, including the development of oil-free compressors and integrated compressor projects [3] - The company is also advancing in energy storage solutions and has seen a rapid increase in orders for energy storage products [3]

Group 1 - The core viewpoint of the article highlights that Shun'an Environment is actively engaging in educational initiatives through its video series aimed at students and industry professionals [1] - The video series "Zhi Xin Ming Shi Hua Leng Nuan" has gained significant attention, with total views exceeding 230,000, particularly focusing on electronic expansion valves [1] - The company has partnered with the China Refrigeration and Air Conditioning Industry Association to co-create content, enhancing its educational outreach [1] Group 2 - The video series has been incorporated into the resource library of Shunde Vocational and Technical College, indicating its academic relevance [1] - The company plans to continue enriching video content to support knowledge dissemination and technical exchange within the industry [1]