炒股就看金麒麟分析师研报，权威，专业，及时，全面，助您挖掘潜力主题机会！ 来源：证券市场周刊市场号 文 |牛犇 本周，A股触底反弹，沪指逼近3900点整数关口。 结合时间节点看，A股市场即将迎接传统的"春季躁动"行情。业内人士也有观点指出，本轮的"春季躁 动"行情有可能提前在12月下旬开始。 "春季躁动"窗口来临 近期，A股市场持续震荡反弹，大有新一轮行情重启的架势。最典型的指数是上证指数，自12月16日触 底以来，已连续录得三根阳线（见附图）。 对此，笔者在上周末已进行了重要提醒，指数在技术上已出现止跌反弹的信号，并梳理出了消费、AI 产业链、"反内卷"这三条主线以及核心相关标的，感兴趣的可点击链接：《A股下周将有大动作！三大 主线+多只上涨股曝光》。 其实，在技术面之外，A股当下也已进入布局"春季躁动"行情的窗口期。 所谓"春季躁动"，是A股市场在每年春节前后至两会期间常见的一轮上涨行情，属于典型的日历效应。 因为一般在这个时点，市场都会迎来众多核心驱动因素，如岁末年初，市场流动性往往较为宽松，机构 资金为布局新一年行情而进行再配置；年初通常是政策的密集发布期，中央经济工作会议为全年经济定 调，各类产业扶 ...

Market Overview - The market showed strong performance with the Shanghai Composite Index rising nearly 1% to reclaim the 4000-point level, supported by a trading volume of 2.06 trillion yuan, an increase of 182.9 billion yuan from the previous trading day [1] - Nearly 2900 stocks in the market experienced gains, with sectors such as phosphate chemicals, semiconductors, and CPO leading the increases [1] Company Updates - BeiGene (百济神州) updated its revenue forecast for 2025, projecting revenues between 36.2 billion yuan and 38.1 billion yuan, driven by its leading position in the U.S. market and expansion in Europe and other key global markets [2] - For the first three quarters of 2025, BeiGene reported total revenue of 27.595 billion yuan, a year-on-year increase of 44.2%, with a net profit attributable to shareholders of 1.139 billion yuan [3] - The company anticipates submitting a market application for its product targeting marginal zone lymphoma in Japan in the first half of 2026, with potential orphan drug designation [3] Corporate Governance - Upwind New Materials (上纬新材) announced the nomination of several candidates for its board of directors, including 彭志辉, known as "Zhi Hui Jun," who is a co-founder and CTO of Zhi Yuan Robotics [4] - The company plans to independently develop its embodied intelligent robotics business without significant adverse effects from related parties, ensuring independence in operations and avoiding major competitive conflicts [5] New Stock Offerings - Two new stocks are available for subscription today, including Hengkun New Materials (恒坤新材) with an issue price of 14.99 yuan and a market cap P/E ratio of 71.42, and Nanwang Digital (南网数字) priced at 5.69 yuan with a market cap P/E ratio of 32.22 [7][11]