格隆汇1月7日丨东贝集团(601956.SH)在投资者互动平台表示，公司产品暂未应用于液冷服务器。 ...

格隆汇1月7日丨东贝集团(601956.SH)在投资者互动平台表示，公司产品暂未应用于液冷服务器。 ...

Core Viewpoint - The 2025 A-share market experienced a bull market driven by "hard technology," characterized by significant structural differentiation and record-breaking performance in various metrics [8][10]. Market Performance Summary - Major indices saw substantial increases, with a typical pattern of "strong innovation, stable main board, and weak value" [9]. - The market scale achieved a historic leap, with active leverage and foreign capital participation, indicating a concentrated performance in high-growth sectors [10]. Leading Sectors - The top-performing sectors averaged a 47.61% increase, with notable performances in: - Non-ferrous metals: +92.64% driven by AI/new energy demand for copper and lithium, alongside gold as a safe haven [11]. - Communications: +87.27% due to the explosion of CPO optical modules and accelerated satellite internet [11]. - Electronics: +49.40% from breakthroughs in domestic AI chips and semiconductor equipment [11]. - A total of 533 stocks doubled in value, with 7 stocks increasing over 500%, and the TMT sector accounting for 33.31% of daily trading volume [12]. 2026 Market Outlook - The 2026 market is expected to shift from liquidity and valuation-driven growth to profit-driven performance, with three core logical drivers: 1. Intensive policy dividends from the "14th Five-Year Plan" and proactive fiscal policies [13]. 2. Continued domestic and international liquidity easing, with anticipated Fed rate cuts [13]. 3. Sustained corporate profit recovery, with nearly 60% of listed companies expecting positive earnings [13]. Core Investment Themes - The main investment themes for 2026 include: 1. Core offensive line: AI full chain and new productivity, driven by policy, technology, and performance [15]. 2. High elasticity line: High-end manufacturing going overseas, benefiting from global energy transition and a strong RMB [16]. 3. Defensive line: Consumption recovery and cyclical rebounds supported by domestic demand policies [19]. Key Industries and Focus Areas - Key industries to watch include: - New energy vehicles, photovoltaic + energy storage, and high-end equipment [20]. - Consumer sectors such as smart cars and high-dividend blue chips in pharmaceuticals [20]. - Industrial metals and energy sectors benefiting from global inventory replenishment [20]. Market Dynamics and Timing - The market is expected to follow a rotational rhythm, with specific focuses for each quarter, including AI computing and applications, overseas expansion, and high-dividend defensive stocks [20][22].

2025年12月31日，沪指以十一连阳为全年行情画上句号。这一年，A股市场活力迸发，奏响了一曲昂扬 向上的交响乐。 人工智能作为A股突出叙事主题，串联各行业主线，催生多个热门板块。AI基础设施建设阶段，以AI芯 片、高端服务器为代表的核心算力板块率先启动，是行情发动机，寒武纪、工业富联、海光信息、浪潮 年初，Deepseek、人形机器人技术取得突破，中国资产重估的叙事引爆市场。4月市场短暂休整后，便 开启新一轮上行。沪指从年内低位3040点起步，一度冲破4000点，截至12月31日收盘报3968.84点，年 内上涨18.41%。创业板指表现更为突出，全年累计涨幅达49.57%，最大涨幅近90%，尽显成长股在产业 周期上行时的弹性。其他主要宽基指数也普遍大涨，深证成指、科创综指、北证50年内分别上涨 29.87%、46.30%和38.80%。 与指数上涨相伴的是市场活跃度大幅提升。2025年全年，A股累计成交额达420.21万亿元，刷新历史纪 录，同比增长62.64%，这是增量资金共识形成、积极入场的直观体现，为行情提供了坚实的流动性基 础。作为高风险偏好资金入市的主要指标，A股融资余额2025年下半年以来单边 ...

| | | | 12月31日涨停封单资金居前的个股 | | | --- | --- | --- | --- | --- | | 代码 | 名称 | 涨停封单额 | 涨停板 | 涨停原因 | | | | (亿元) | 情況 | | | 002931 | 锋龙股份 | 18.07 | 6连板 | 优必选拟入主+机器人 | | 600118 | 中国 早 | 7.90 | 6日5板 | 商业航天+卫星研制 | | 002131 | 利欧股份 | 7.04 | 首板 | Al智能体+液冷服务器 | | 001266 | 宏英智能 | 4.93 | 3连板 | 液冷储能+机器人+商业航天 | | 000547 | 航天发展 | 4.08 | 首板 | 商业航天+天目一号+军工电子 | | 600879 | 航天电子 | 3.84 | 首板 | 增资航天火箭+商业航天 | | 002413 | 雷科防务 | 3.82 | 3连板 | 商业航天+卫星遥感+军工电子 | | 600363 | 联创光电 | 3.29 | 首板 | 商业航天+激光+超导 | | 300058 | 蓝色光标 | 3.21 | 首板 | 港股上市+ ...

格隆汇12月31日丨日联科技(688531.SH)在投资者互动平台表示，公司X射线检测设备可用于液冷服务器 相关部件检测，已实现少量出货交付，但相关业务收入占比较小，后续进展以公司公开披露信息为准。 ...

A股复盘 | 航天停下来了？ / 2025.12.30 标题和封面图都是群友贡献的！ 说来好笑，群里今天下注押红还是绿（不是赌博），结果沪指涨幅0%，意不意外，惊不惊喜！鉴于收盘点数还是比开盘高的，也算是十日阳 线吧！ MSCI中国指数今年以来上涨约28%，有望连续第二年实现年度上涨，并且正朝着自2017年以来相对标普500指数表现最强的一年迈进。 先来八卦（bushi）机器人大涨的原因吧，开盘前早报整理了几条，但是机器人热度不怎么高。 一个是， 12月29日，华为全资持股的东莞极目机器有限公司注册资本增加至约46.89亿元，增幅约20.54%。同日，越疆科技公告拟启动A 股上市计划，深之蓝的科创板IPO申请已获受理。 此外， 京东与宇树科技合作的首家线下机器人体验店将于12月31日正式开业。火山引擎宣布成为2026年春晚独家AI云合作伙伴。 工信部人形机器人与具身智能标准化技术委员会已于近日成立，多家机器人企业相关负责人参与。 接着盘中，机器人传出两个小作文，机器人才大拉特拉！ 一是特朗普政府正考虑2026年发布关于机器人的行政命令；二是近期供应商陆续 在北美拜访，特斯拉Optimus发包在即，市场已经开始 ...

Group 1 - The external environment presents uncertainties but is overall favorable, with global economic resilience expected in 2026, as major economic organizations forecast slight declines in growth rates compared to 2025, with the World Bank predicting a growth rate of 2.40% for 2026, up from 2.30% in 2025 [6][10] - The U.S. is likely to continue lowering interest rates in 2026 due to a weak labor market, with expectations of more than one rate cut, as indicated by the Federal Reserve's recent actions [6][13] - The U.S. dollar's strength is supported by weak economic expectations, with factors such as reduced immigration and uncertain tariff policies suppressing economic activity [6][21] Group 2 - The "15th Five-Year Plan" aims for qualitative and quantitative economic growth, emphasizing stability in employment, enterprises, and market expectations, with policies to support effective growth and enhance quality [6][44] - The investment sector is expected to stabilize, with government initiatives to increase investment in infrastructure and optimize the use of local government bonds [6][49] - Consumer spending is projected to improve, supported by policies aimed at boosting consumption and enhancing the supply of quality goods and services [6][52] Group 3 - The market is expected to continue a "slow bull" trend, with overall company performance anticipated to improve, driven by supportive policies and resilient economic dynamics [6][59] - The technology (TMT) and advanced manufacturing sectors are expected to benefit from long-term policy support and are key drivers of economic transformation [6][67] - Investment opportunities are identified in sectors such as non-involution, supply-demand changes, and emerging themes like artificial intelligence and renewable energy [6][70]

Core Viewpoint - The article discusses the performance of the stock market on December 30, highlighting a mixed trading day with the Shanghai Composite Index slightly down while the Shenzhen Component and ChiNext indices showed gains. The article emphasizes the surge in humanoid robot concept stocks and the active performance of sectors like digital currency, AI smartphones, and short drama games, while noting a pullback in the photovoltaic industry chain [3][4]. Market Performance - The Shanghai Composite Index closed at 3965.12, down 0.16% [4] - The Shenzhen Component Index rose by 0.49% to 13604.07 [4] - The ChiNext Index increased by 0.63% to 3242.90 [4] Sector Highlights - Humanoid robot concept stocks experienced a collective surge, with over ten stocks hitting the daily limit up, including: - Buke Co., Ltd. (+20.00% to 145.99) - Haichang New Materials (+19.98% to 30.98) - Wu Zhi Electromechanical (+18.59% to 63.80) [5][6] - The liquid cooling server concept also saw gains, with stocks like Unified Co. and New Times hitting the daily limit up [5][7]. Capital Flow - Main capital inflows were observed in sectors such as general equipment, automotive, and home appliances, while there were outflows from telecommunications, batteries, and photovoltaic equipment [9]. - Notable net inflows included: - Sanhua Intelligent Controls: 2.786 billion - N Qiang Yi: 1.824 billion - Shanzi Gaoke: 1.538 billion [9]. - Significant net outflows were recorded for: - Goldwind Technology: 2.871 billion - Aerospace Development: 2.377 billion - China Satellite: 2.006 billion [9]. Institutional Perspectives - Guotai Junan expressed that the upcoming cross-year market trend presents a good opportunity for positioning during adjustments [10]. - Qianhai Bourbon Fund noted that the market is expected to reverse as anticipated, with indices likely to reach new highs [11]. - Pacific Securities predicted that the cross-year market will start with a broad rally, with the volatility of major stock index options remaining low, suggesting a steeper upward trend ahead [12].

12月30日，沪指全天窄幅震荡，深证成指、创业板指午后震荡走强。截至收盘，沪指微跌，深成指涨0.49%，创业板指涨0.63%。 【资金流向】 主力资金全天净流入通用设备、汽车、家电等板块，净流出通信、电池、光伏设备等板块。 | 代码 | 名称 | 两日图 | 现价 | 涨跌 | 涨跌幅 | | --- | --- | --- | --- | --- | --- | | 000001 | 上证指数 | ( mornin | 3965.12c | -0.16 | 0.00% | | 399001 | 深证成指 | Mynim | 13604.07 c | 66.97 | 0.49% | | 399006 | 创业板指 | VWW | 3242.90c | 20.29 | 0.63% | 盘面上，人形机器人概念股午后爆发，数字货币、AI手机、短剧游戏题材表现活跃。光伏产业链回撤，海南自贸区、离境退税、商业航 天概念股出现调整。 具体来看，人形机器人概念股集体爆发，步科股份、三花智控、华菱线缆等10余股涨停。 | 代码 | 名标 | 大长助普 | 现价 | | --- | --- | --- | --- | | 09 ...