消息面上，2025年12月工业品出厂价格（PPI）同比下降1.9%，降幅较上月收窄0.3个百分点；环比上涨 0.2%，连续3个月上涨。 财通证券指出，PPI环比涨幅扩大，同比降幅收窄。"反内卷"相关的煤炭、水泥及新能源车制造等行业 价格修复，有色相关行业受输入性因素影响持续上涨。此外低基数效应也对同比提供一定技术上的支 撑。 数据显示，截至2025年12月31日，中证细分化工产业主题指数(000813)前十大权重股分别为万华化学 (600309)、盐湖股份(000792)、藏格矿业(000408)、天赐材料(002709)、巨化股份(600160)、恒力石化 (600346)、华鲁恒升(600426)、宝丰能源(600989)、云天化(600096)、金发科技(600143)，前十大权重股 合计占比45.31%。 化工ETF(159870)，场外联接(A：014942；C：014943；I：022792)。 截至2026年1月9日 13:47，中证细分化工产业主题指数(000813)上涨0.12%，成分股金发科技(600143)上 涨9.99%，新宙邦(300037)上涨4.63%，昊华科技(600378)上 ...

Market Performance - The Sci-Tech 50 Index decreased by 0.59% and the ChiNext Index fell by 0.82% over the last five trading days, while the large-cap value index rose by 0.01% and the large-cap growth index declined by 0.39% [1] - The Shanghai Stock Exchange 50 Index increased by 0.20%, and the small-cap index represented by the CSI 2000 rose by 1.09%, with defense and military, as well as oil and petrochemical sectors performing well, while telecommunications and comprehensive sectors lagged [1] Valuation Levels - As of December 31, 2025, the static PE ratio of the CSI All Share Index is at the 82nd percentile, with the Shanghai 50 and CSI 300 both at 75%, and the ChiNext Index close to 58% [1] - The CSI 500 and CSI 1000 are at 62% and 64% respectively, indicating that the ChiNext Index's valuation is relatively at the historical median level [1] Fund Flows - In the last five trading days, ETF inflows amounted to 25.6 billion yuan, and the margin trading balance increased by approximately 23.8 billion yuan, with an average daily trading volume of 208.23 billion yuan across the two markets [2] Thematic Investment - The latest thematic allocation includes sectors such as chemicals, non-bank financials, and satellite communications, specifically focusing on sub-indices like the CSI Sub-Industry Chemical Index, the National Index for Commercial Satellite Communications, and the CSI 300 Non-Bank Financial Index [2][3] AI and Machine Learning Insights - A convolutional neural network (CNN) model has been utilized to analyze charted price and volume data, mapping learned features to industry thematic sectors, indicating a trend towards AI-driven investment strategies [11]

Core Viewpoint - The A-share market has shown strong performance in 2025, with significant gains in various sectors, particularly in the non-ferrous metals and military industries, indicating a positive outlook for 2026. Non-Ferrous Metals Sector - The non-ferrous metals sector achieved the highest annual growth rate in 2025, with the non-ferrous ETF Huabao (159876) rising by 91.67%, significantly outperforming major indices like the Shanghai Composite Index, which rose by 18.41% [10][19]. - Key stocks in the non-ferrous sector, such as Zijin Mining, Jiangxi Copper, and Luoyang Molybdenum, saw substantial price increases, with Zijin Mining up by 133.09% and Jiangxi Copper up by 176.92% [10][6]. - The sector's strong performance is attributed to a combination of global capital expenditure cycles, manufacturing recovery, and improved domestic macroeconomic expectations [8][10]. Military Industry - The military sector, particularly the commercial aerospace segment, has gained significant traction, with the military ETF Huabao (512810) rising over 32% in 2025, marking its second-best annual performance since its inception [13][16]. - Major stocks in the military sector, including GuoBo Electronics and China Satellite, experienced notable gains, with several stocks hitting the daily limit [14][13]. - The military industry is expected to continue its upward trajectory in 2026, driven by increased military demand and advancements in commercial aerospace [16][13]. Chemical Sector - The chemical sector also performed well, with the chemical ETF (516020) showing a 41.09% increase in 2025, outperforming major indices [20][19]. - The lithium battery supply chain has seen a significant rise in both price and demand, with prices for lithium carbonate reaching 116,000 yuan per ton, indicating a robust market outlook [22][20]. - The sector is expected to benefit from ongoing macroeconomic recovery and supply-side policy advancements, with a focus on key areas such as phosphates and semiconductor materials [22][20].

接下来说下我的个人操作（点蓝色字体或产品卡可直达）： 来啦宝子们，今天市场分化，小欧是分散配置，所以今天收益波动预计不大，震荡波动小欧看好还会震荡上行，因此我打算继续加仓一些看好的方向。小欧 加仓机器人、有色、中证A500和CPO。 注意！支付宝首页"加入叮"，尾盘有动作会及时推送提醒，避免错过操作！ 我加仓$招商中证半导体产业ETF联接C$5000元。（点蓝色字体或产品卡可直达）。半导体产业板块盘整后继续向上，小欧看好定投一笔。看好半导体产 业，主要考虑行业层面正处于"AI驱动"与"国产替代"双轮驱动的上行周期。全球AI芯片需求持续爆发，龙头企业业绩验证了产业链的强劲增长，这一红利正 传导至设备、设计等各个环节。同时，半导体自主可控的国家战略意义重大，相关进程正不断深化。 招商中证半导体产业指数紧密跟踪中证半导体产业指数，指数覆盖了设备龙头（如北方华创）、AI芯片设计（如寒武纪）和晶圆制造（如中芯国际）等产 业链核心环节。业绩表现看，今年来上涨超57%，爆发力十足。 我加仓$融通中证人工智能主题指数(LOF)C$5000元（点蓝色字体或产品卡可直达）。人工智能近期震荡中上行，日线高6，还有上冲机会，小欧看好 ...

Market Performance - The Sci-Tech 50 Index increased by 2.85% over the last five trading days, while the ChiNext Index rose by 3.90%. The large-cap value index fell by 0.02%, and the large-cap growth index increased by 2.70%. The Shanghai 50 Index gained 1.37%, and the small-cap index represented by the CSI 2000 rose by 3.55%. The sectors of non-ferrous metals and national defense performed well, while beauty care and social services lagged behind [1]. Valuation Levels - As of December 26, 2025, the static PE ratio of the CSI All Share Index is at the 82nd percentile. The Shanghai 50 and CSI 300 both stand at 74%, while the ChiNext Index is close to 59%. The CSI 500 and CSI 1000 are at 62% and 64%, respectively. The valuation of the ChiNext Index is relatively at the historical median level [1]. Risk Premium - The risk premium, calculated as the inverse of the static PE of the CSI All Share Index minus the yield of the 10-year government bond, is at 2.69% as of December 26, 2025. The two standard deviation boundary is at 4.70% [1]. Fund Flows - In the last five trading days, ETF inflows amounted to 41.6 billion yuan, and the margin trading balance increased by approximately 45.7 billion yuan. The average daily trading volume across the two markets was 1.9454 trillion yuan [2]. Thematic Investment - The latest thematic investment configuration includes sectors such as chemicals, non-bank financials, communications, and satellite industries. Specific indices mentioned are the CSI Sub-Industry Chemical Index, CSI 300 Non-Bank Financial Index, CSI All Share Communication Equipment Index, and the National Satellite Communication Industry Index [2][3]. AI and Machine Learning Application - The application of convolutional neural networks (CNN) for modeling price and volume data has been explored, focusing on standardizing chart data to predict future prices and mapping learned features to industry themes [10].

截至9月30日，多氟多股东户数21.42万，较上期增加33.69%；人均流通股5043股，较上期减少25.20%。 2025年1月-9月，多氟多实现营业收入67.29亿元，同比减少2.15%；归母净利润7805.46万元，同比增长 212.68%。 分红方面，多氟多A股上市后累计派现20.34亿元。近三年，累计派现10.40亿元。 机构持仓方面，截止2025年9月30日，多氟多十大流通股东中，香港中央结算有限公司位居第三大流通 股东，持股2127.42万股，相比上期增加39.91万股。鹏华中证细分化工产业主题ETF联接A（014942）位 居第五大流通股东，持股1782.87万股，为新进股东。广发国证新能源车电池ETF（159755）位居第六 大流通股东，持股1101.72万股，为新进股东。汇添富中证新能源汽车产业指数(LOF)A（501057）、富 国中证新能源汽车指数A（161028）退出十大流通股东之列。 12月19日，多氟多涨1.58%，成交额25.52亿元。两融数据显示，当日多氟多获融资买入额2.13亿元，融 资偿还1.77亿元，融资净买入3567.47万元。截至12月19日，多氟多融资融券余额合计 ...

当下，晋能控股装备制造集团化工产业正围绕年度指标任务，全力抓好安全管控、生产经营、项目建设 等重点工作，"三箭"齐发冲刺年终目标，助力全年任务圆满收官。 抓好安全守住底线 "安全是化工产业的生命线，更是企业发展的底线。我们始终以系统思维筑牢安全屏障，为生产经营保 驾护航。"该集团化工产业部安全工作人员吉耀介绍说。 该集团化工产业以"零事故"为核心目标，在风险防控上，构建起企业自查、交叉互检、专项检查与第三 方诊断相结合的立体化隐患排查体系，实现风险精准识别与闭环整改，特别是紧盯"两重点一重大"管控 关键，严格落实重大危险源安全包保责任制，对重大危险源实施全方位动态监控，确保风险全程可控、 全域受控；同时进一步规范特殊作业管控，持续加大安全投入，推动特殊作业全过程安全管理系统化、 岗位作业规范化、设备设施本质安全化，坚决杜绝因特殊作业导致的生产安全事故。 今年以来，化工产业充分发挥技术、人才优势，全力推进项目建设进度。 2025年4月，新恒盛"40·60"项目顺利投产，产量、消耗等核心指标均超过设计值，达到行业先进水平， 试生产期间就展现出强劲的发展潜力，目前生产经营态势持续向好。 "我们将持续与赛鼎公司、清华 ...

截至发稿，国恩股份市值为142亿元。 每经头条（nbdtoutiao）——中标企业频频弃标 大型医疗设备采购有何难言之隐？ （记者 王晓波） 每经AI快讯，国恩股份（SZ 002768，收盘价：52.19元）12月16日晚间发布公告称，公司于近日接到公 司控股股东、实际控制人王爱国先生关于将其持有本公司的部分股份已办理解除质押业务的通知，本次 解除质押471万股。截至本公告日，王爱国累计质押股数为3252万股，占其所持股份比例为25.81%。 2025年1至6月份，国恩股份的营业收入构成为：化工产业占比88.2%，其他业务占比8.02%，健康产业 占比3.77%。 ...

Group 1 - Hengli Petrochemical's stock increased by 5%, reaching 20.36 CNY per share, with a trading volume of 737 million CNY and a turnover rate of 0.53%, resulting in a total market capitalization of 143.316 billion CNY [1] - The company, established on March 9, 1999, and listed on August 20, 2001, is located in Dalian, Liaoning Province, and specializes in the research, production, and sales of polyester fibers, polyester films, and related products, as well as steam and electricity production [1] - The revenue composition of Hengli Petrochemical includes refining products at 45.92%, PTA at 31.10%, polyester products at 19.24%, and others at 3.73% [1] Group 2 - According to data, one fund from Harvest Fund has a significant holding in Hengli Petrochemical, specifically the Harvest CSI Sub-Industry Chemical Theme Index Fund A, which increased its holdings by 22,840 shares in the third quarter, totaling 592,200 shares, representing 2.79% of the fund's net value [2] - The Harvest CSI Sub-Industry Chemical Theme Index Fund A was established on September 22, 2022, with a latest scale of 49.6396 million CNY, achieving a year-to-date return of 29.55% and a one-year return of 19.84% [2] - The fund manager, Zhang Chaoliang, has been in the position for 5 years and 335 days, overseeing total assets of 17.955 billion CNY, with the best fund return during his tenure being 71.35% and the worst being -29.94% [2]

Group 1 - Sichuan Development Longmang Co., Ltd. experienced a stock price increase of 5.31%, reaching 11.71 CNY per share, with a trading volume of 9.91 billion CNY and a turnover rate of 4.59%, resulting in a total market capitalization of 221.24 billion CNY [1] - The company, established on May 20, 1997, and listed on December 3, 2009, is located in Chengdu, Sichuan Province, and its main business includes financial service outsourcing, express delivery services, and phosphate fertilizers [1] - The revenue composition of the company includes: fertilizer products (45.58%), industrial-grade monoammonium phosphate (22.61%), feed-grade dicalcium phosphate (12.62%), other products (9.04%), trading products (8.44%), and new energy materials (1.71%) [1] Group 2 - Penghua Fund has a fund that ranks among the top ten circulating shareholders of Sichuan Development Longmang, specifically the Penghua CSI Sub-Industry Chemical Theme ETF Link A (014942), which entered the top ten in the third quarter with 16.99 million shares, accounting for 0.9% of circulating shares [2] - The fund has a current scale of 7280.91 million CNY and has achieved a return of 21.97% this year, ranking 2458 out of 4216 in its category, with a one-year return of 15.28%, ranking 2679 out of 3909 [2] - The fund manager, Yan Dong, has been in position for 6 years and 235 days, with a total fund asset scale of 22.118 billion CNY, achieving a best return of 456.3% and a worst return of -38.4% during his tenure [3]